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

Note 10 - Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2017

	Fair Value Measurements at June 30, 2017 Using
	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 Recurring Basis:	(In Thousands)
Available-for-sale securities:
U.S. Treasury and government sponsored agencies	$	-	$	57,125	$	-	$	57,125
Mortgage-backed securities		-		241,271		-		241,271
State and municipal securities		-		140,412		-		140,412
Total assets at fair value	$	-	$	438,808	$	-	$	438,808

	Fair Value Measurements at December 31, 2016 Using
	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 Recurring Basis:	(In Thousands)
Available-for-sale securities
U.S. Treasury and government sponsored agencies	$	-	$	46,254	$	-	$	46,254
Mortgage-backed securities		-		227,190		-		227,190
State and municipal securities		-		139,930		-		139,930
Corporate debt		-		9,001		-		9,001
Total assets at fair value	$	-	$	422,375	$	-	$	422,375

	Fair Value Measurements at June 30, 2017 Using
	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)
Impaired loans	$	-	$	-	$	43,864	$	43,864
Other real estate owned and repossessed assets		-		-		3,891		3,891
Total assets at fair value	$	-	$	-	$	47,755	$	47,755

	Fair Value Measurements at December 31, 2016 Using
	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)
Impaired loans	$	-	$	-	$	37,437	$	37,437
Other real estate owned and repossessed assets		-		-		4,988		4,988
Total assets at fair value	$	-	$	-	$	42,425	$	42,425

	June 30, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In Thousands)
Financial Assets:
Level 1 inputs:
Cash and due from banks	$	205,875	$	205,875	$	623,562	$	623,562

Level 2 inputs:
Available for sale debt securities		438,808		438,808		422,375		422,375
Held to maturity debt securities		33,748		34,133		25,052		25,431
Restricted equity securities		1,037		1,037		1,024		1,024
Federal funds sold		49,443		49,443		160,435		160,435
Mortgage loans held for sale		5,673		5,855		4,675		4,736
Bank owned life insurance contracts		125,896		125,896		114,388		114,388

Level 3 inputs:
Debt securities held to maturity		45,509		46,399		37,512		37,871
Loans, net		5,288,629		5,283,824		4,859,877		4,872,689

Financial liabilities:
Level 2 inputs:
Deposits	$	5,394,810	$	5,391,665	$	5,420,311	$	5,417,320
Federal funds purchased		300,226		300,226		355,944		355,944
Other borrowings		55,075		56,339		55,262		54,203