BUSINESS COMBINATIONS (Tables)

3 Months Ended

Mar. 31, 2020

West Texas State Bank [Member]

Business Combinations [Abstract]

Fair Value of the Assets Acquired and Liabilities Assumed

Fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:

Cash paid	$	76,100
Assets acquired:
Cash and cash equivalents	$	77,903
Interest-bearing time deposits in banks		52,700
Federal funds purchased		26,468
Securities available for sale		68,398
Loans held for investment		195,228
Bank-owned life insurance		10,932
Premises and equipment, net		4,132
Accrued interest receivable		1,114
Core deposit intangible		6,679
Other assets		2,648
Total assets acquired	$	446,202
Liabilities assumed
Deposits	$	386,176
Accrued interest payable		55
Deferred tax liability		762
Other liabilities		2,884
Total liabilities assumed	$	389,877
Net assets acquired	$	56,325
Goodwill recorded in acquisition	$	19,775