ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEPOSITS

DEPOSITS

12 Months Ended

Dec. 31, 2011

NOTE 7. DEPOSITS

Deposits at December 31, 2011 and 2010 were as follows:

	December 31,
	2011		2010
	(In Thousands)
Noninterest-bearing demand	$	418,810	$	250,490
Interest-bearing checking		1,325,451		1,224,244
Savings		15,638		5,493
Time		71,368		55,583
Time, $100,000 and over		312,620		222,906
	$	2,143,887	$	1,758,716

The scheduled maturities of time deposits at December 31, 2011 were as follows:

	(In Thousands)
2012	$	230,138
2013		66,036
2014		55,029
2015		6,515
2016		26,270
	$	383,988

At December 31, 2011 and 2010, overdraft deposits reclassified to loans were $876,000 and $1,111,000, respectively.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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