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

Note 4 - Securities (Tables)

3 Months Ended

Mar. 31, 2024

			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gain		Loss			Value
March 31, 2024	(In Thousands)
Debt Securities Available-for-Sale
U.S. Treasury Securities	$	494,156	$	10	$	(197	)	$	493,969
Mortgage-backed securities		281,343		249		(26,677	)		254,915
State and municipal securities		11,142		1		(1,186	)		9,958
Corporate debt		352,684		60		(37,657	)		315,086
Total	$	1,139,325	$	320	$	(65,716	)	$	1,073,929
Debt Securities Held-to-Maturity
U.S. Treasury Securities	$	393,932	$	-	$	(25,065	)	$	368,868
Mortgage-backed securities		465,695		5		(56,634	)		409,066
State and municipal securities		8,069		-		(733	)		7,336
Total	$	867,696	$	5	$	(82,431	)	$	785,270

December 31, 2023
Debt Securities Available-for-Sale
U.S. Treasury Securities	$	340,556	$	251	$	-		$	340,807
Mortgage-backed securities		241,458		6		(25,979	)		215,485
State and municipal securities		11,400		1		(1,178	)		10,223
Corporate debt		375,676		-		(42,009	)		333,667
Total	$	969,090	$	258	$	(69,166	)	$	900,183
Debt Securities Held-to-Maturity
U.S. Treasury Securities	$	508,985	$	-	$	(24,718	)	$	484,267
Mortgage-backed securities		465,615		3		(50,025	)		415,593
State and municipal securities		8,063		-		(732	)		7,331
Total	$	982,664	$	3	$	(75,475	)	$	907,191

	March 31, 2024				December 31, 2023
	Amortized Cost		Market Value		Amortized Cost		Market Value
	(In Thousands)
Debt securities available-for-sale
Due within one year	$	430,857	$	430,760	$	350,400	$	350,396
Due from one to five years		132,967		129,779		70,016		67,334
Due from five to ten years		291,157		256,407		304,216		264,893
Due after ten years		3,000		2,068		3,000		2,076
Mortgage-backed securities		281,343		254,915		241,458		215,485
	$	1,139,325	$	1,073,929	$	969,090	$	900,183

Debt securities held-to-maturity
Due within one year	$	144,940	$	144,283	$	260,047	$	257,835
Due from one to five years		253,772		229,043		203,481		185,741
Due from five to ten years		3,289		2,878		53,521		48,022
Mortgage-backed securities		465,695		409,066		465,615		415,593
	$	867,696	$	785,270	$	982,664	$	907,191

	Less Than Twelve Months					Twelve Months or More					Total
	Gross					Gross					Gross
	Unrealized					Unrealized					Unrealized
	Losses			Fair Value		Losses			Fair Value		Losses			Fair Value
	(In Thousands)
March 31, 2024
Debt Securities available-for-sale
U.S. Treasury Securities	$	(197	)	$	479,762	$	-		$	-	$	(197	)	$	479,762
Government Agency Securities		-			-		-			-		-			-
Mortgage-backed securities		(2	)		161		(26,674	)		205,195		(26,677	)		205,356
State and municipal securities		-			-		(1,186	)		9,512		(1,186	)		9,512
Corporate debt		(2,392	)		11,108		(35,265	)		294,003		(37,657	)		305,111
Total	$	(2,591	)	$	491,031	$	(63,125	)	$	508,710	$	(65,716	)	$	999,741
Debt Securities held-to-maturity
U.S. Treasury Securities	$	-		$	-	$	(25,065	)	$	368,868	$	(25,065	)	$	368,868
Mortgage-backed securities		(162	)		9,895		(56,471	)		393,887		(56,634	)		405,323
State and municipal securities		-			-		(733	)		7,086		(733	)		7,086
Total	$	(162	)	$	9,895	$	(82,269	)	$	771,382	$	(82,431	)	$	779,735
December 31, 2023
Debt Securities available-for-sale
Mortgage-backed securities	$	(6	)	$	704	$	(25,973	)	$	214,393	$	(25,979	)	$	215,097
State and municipal securities		-			-		(1,178	)		9,777		(1,178	)		9,777
Corporate debt		(794	)		15,141		(41,214	)		311,666		(42,009	)		326,807
Total	$	(801	)	$	15,845	$	(68,365	)	$	535,836	$	(69,166	)	$	551,681
Debt Securities held-to-maturity
U.S. Treasury Securities	$	-		$	-	$	(24,718	)	$	484,267	$	(24,718	)	$	484,267
Mortgage-backed securities		(1	)		430		(50,024	)		411,585		(50,025	)		412,015
State and municipal securities		-			-		(732	)		7,081		(732	)		7,081
Total	$	(1	)	$	430	$	(75,474	)	$	902,933	$	(75,475	)	$	903,363