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

Note 4 - Securities (Tables)

6 Months Ended

Jun. 30, 2024

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
June 30, 2024	(In Thousands)
Debt Securities Available-for-Sale
U.S. Treasury Securities	$	609,123	$	38	$	(340	)	$	608,821
Mortgage-backed securities		268,557		1		(27,195	)		241,363
State and municipal securities		11,140		1		(1,162	)		9,979
Corporate debt		350,692		-		(36,469	)		314,223
Total	$	1,239,512	$	40	$	(65,166	)	$	1,174,386
Debt Securities Held-to-Maturity
U.S. Treasury Securities	$	274,270	$	-	$	(23,932	)	$	250,338
Mortgage-backed securities		484,911		18		(58,379	)		426,550
State and municipal securities		8,074		-		(728	)		7,346
Total	$	767,255	$	18	$	(83,039	)	$	684,234

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

	June 30, 2024				December 31, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In Thousands)
Debt securities available-for-sale
Due within one year	$	566,771	$	566,467	$	350,400	$	350,396
Due from one to five years		116,025		111,359		70,016		67,334
Due from five to ten years		285,159		252,915		304,216		264,893
Due after ten years		3,000		2,282		3,000		2,076
Mortgage-backed securities		268,557		241,363		241,458		215,485
	$	1,239,512	$	1,174,386	$	969,090	$	900,183

Debt securities held-to-maturity
Due within one year	$	25,225	$	25,176	$	260,047	$	257,835
Due from one to five years		253,830		229,634		203,481		185,741
Due from five to ten years		3,289		2,874		53,521		48,022
Mortgage-backed securities		484,911		426,550		465,615		415,593
	$	767,255	$	684,234	$	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)
June 30, 2024
Debt Securities available-for-sale
U.S. Treasury Securities	$	(340	)	$	164,413	$	-		$	-	$	(340	)	$	164,413
Mortgage-backed securities		(87	)		46,401		(27,108	)		194,850		(27,195	)		241,251
State and municipal securities		-			-		(1,162	)		9,533		(1,162	)		9,533
Corporate debt		(2,634	)		20,786		(33,836	)		293,437		(36,469	)		314,223
Total	$	(3,061	)	$	231,600	$	(62,106	)	$	497,820	$	(65,166	)	$	729,420
Debt Securities held-to-maturity
U.S. Treasury Securities	$	-		$	-	$	(23,932	)	$	250,340	$	(23,932	)	$	250,339
Mortgage-backed securities		(564	)		41,186		(57,815	)		378,928		(58,379	)		420,114
State and municipal securities		-			-		(728	)		7,096		(728	)		7,096
Total	$	(564	)	$	41,186	$	(82,475	)	$	636,364	$	(83,039	)	$	677,549

December 31, 2023
Debt Securities available-for-sale
U.S. Treasury Securities	$	-		$	-	$	-		$	-	$	-		$	-
Government Agency Securities		-			-		-			-		-			-
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