ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Fair Value Measurement (Tables)

Note 11 - Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Fair Value Measurements at September 30, 2024 Using
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable Inputs		Unobservable
	Assets (Level 1)		(Level 2)		Inputs (Level 3)		Total
Assets Measured on a Recurring Basis:	(In Thousands)
Available for sale debt securities:
U.S. Treasury securities	$	567,324	$	-	$	-	$	567,324
Mortgage-backed securities		-		238,300		-		238,300
State and municipal securities		-		9,718		-		9,718
Corporate debt		-		323,665		-		323,665
Total available-for-sale debt securities		567,324		571,683		-		1,139,007
Total assets at fair value	$	567,324	$	571,683	$	-	$	1,139,007

	Fair Value Measurements at December 31, 2023 Using
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable Inputs		Unobservable
	Assets (Level 1)		(Level 2)		Inputs (Level 3)		Total
Assets Measured on a Recurring Basis:	(In Thousands)
Available for sale debt securities:
U.S. Treasury securities	$	340,807	$	-	$	-	$	340,807
Government agency securities		-		-		-		-
Mortgage-backed securities		-		215,485		-		215,485
State and municipal securities		-		10,223		-		10,223
Corporate debt		-		326,808		6,860		333,668
Total available-for-sale debt securities		340,807		552,516		6,860		900,183
Total assets at fair value	$	340,807	$	552,516	$	6,860	$	900,183

Fair Value Measurements, Nonrecurring [Table Text Block]

	Fair Value Measurements at September 30, 2024
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets Measured on a Nonrecurring Basis:	(In Thousands)
Loans individually evaluated	$	-	$	-	$	94,047	$	94,047
Other real estate owned and repossessed assets		-		-		2,723		2,723
Total assets at fair value	$	-	$	-	$	96,770	$	96,770

	Fair Value Measurements at December 31, 2023
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets Measured on a Nonrecurring Basis:	(In Thousands)
Loans individually evaluated	$	-	$	-	$	70,737	$	70,737
Other real estate owned and repossessed assets		-		-		995		995
Total assets at fair value	$	-	$	-	$	71,732	$	71,732

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024			2023
	Available-for-sale Securities		Available-for-sale Securities		Available-for-sale Securities			Available-for-sale Securities
	(In Thousands)
Fair value, beginning of period	$	-	$	6,860	$	6,860		$	10,860
Transfers into Level 3		-		-					-
Total realized gains included in income		-		-		-			-
Changes in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at period-end		-		-		(1,329	)		160
Purchases		-		-		-			-
Transfers out of Level 3		-		-		(5,531	)		(4,160	)
Fair value, end of period	$	-	$	6,860	$	-		$	6,860

Fair Value, by Balance Sheet Grouping [Table Text Block]

	September 30, 2024				December 31, 2023
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
	(In Thousands)
Financial Assets:
Level 1 Inputs:
Cash and cash equivalents	$	1,756,689	$	1,756,689	$	2,030,513	$	2,030,513
Held to maturity U.S. Treasury securities		249,349		233,123		508,985		484,267

Level 2 Inputs:
Federal funds sold		3,542		3,542		100,575		100,575
Held to maturity debt securities		478,981		439,650		473,429		422,674
Mortgage loans held for sale		8,453		8,453		5,071		5,071
Restricted equity securities		11,300		11,300		10,226		10,226

Level 3 Inputs:
Held to maturity debt securities		250		250		250		250
Loans, net		12,177,471		11,826,898		11,505,512		11,032,819

Financial Liabilities:
Level 2 Inputs:
Deposits	$	13,146,529	$	13,145,438	$	13,273,511	$	13,266,640
Federal funds purchased		1,542,623		1,542,623		1,256,724		1,256,724
Other borrowings		64,741		58,861		64,735		58,083

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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