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

Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Assumptions Used To Estimates Fair Value Of Stock Option Award Using Black Scholes Merton Valuation Model

The risk-free rate for periods within the contractual life of the option is based on the U. S. Treasury yield curve in effect at the time of grant.

	2014			2013
Expected volatility		19.25	%		18.50	%
Expected dividends		1.45	%		-	%
Expected term (in years)		8 years			7 years
Risk-free rate		2.33	%		1.39	%

Summary Of Stock Option Activity

The following table summarizes stock option activity during the three months ended March 31, 2014 and March 31, 2013:

					Weighted
			Weighted		Average
			Average		Remaining
			Exercise		Contractual		Aggregate
	Shares		Price		Term (years)		Intrinsic Value
							(In Thousands)
Three Months Ended March 31, 2014:
Outstanding at January 1, 2014		776,300	$	23.08		5.5	$	14,300
Granted		38,000		41.50		9.9		-
Exercised		(174,800)		15.62		2.8		4,523
Forfeited		-		-		-		-
Outstanding at March 31, 2014		639,500		26.21		6.1	$	9,777

Exercisable at March 31, 2014		243,744	$	15.99		3.4	$	6,217

Three Months Ended March 31, 2013:
Outstanding at January 1, 2013		816,500	$	20.87		5.8	$	9,905
Granted		25,000		33.00		10.0		-
Exercised		(9,000)		10.00		2.2		207
Forfeited		-		-		-		-
Outstanding at March 31, 2013		832,500		21.35		5.7	$	9,698

Exercisable at March 31, 2013		458,995	$	14.37		3.5	$	8,550

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References + Details