Quarterly report pursuant to Section 13 or 15(d)

GENERAL

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GENERAL
 6 Months Ended
Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GENERAL
NOTE 1 - GENERAL
 
The accompanying consolidated financial statements in this report have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, including Regulation S-X and the instructions for Form 10-Q, and have not been audited. These consolidated financial statements do not include all of the information and footnotes required by U. S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments necessary to present fairly the consolidated financial position and the consolidated results of operations for the interim periods have been made. All such adjustments are of a normal nature. The consolidated results of operations are not necessarily indicative of the consolidated results of operations which ServisFirst Bancshares, Inc. (the “Company”) may achieve for future interim periods or the entire year. For further information, refer to the consolidated financial statements and footnotes included in the Company’s Form 10-K/A for the year ended December 31, 2013.
 
On May 19, 2014, the Company completed the sale of an aggregate of 625,000 shares (pre-split) of its common stock in its initial public offering. The shares were sold to the public at a price of $91.00 per share (pre-split), generating gross offering proceeds of approximately $56.9 million. The net proceeds to the Company from the sale of such shares, after underwriting commissions and offering expenses, were approximately $52.1 million. 
 
The Company announced on June 16, 2014 that it declared a three-for-one split of its common stock in the form of a stock dividend. On July 16, 2014, stockholders of record as of the close of business on July 9, 2014, would receive a distribution of two additional shares of ServisFirst common stock for each share they hold. Except where specifically indicated otherwise, all reported amounts in this Form 10-Q are adjusted to give effect to this stock split.
 
All reported amounts are in thousands except share and per share data.