SUBSEQUENT EVENTS (Tables)

9 Months Ended

Sep. 30, 2022

SUBSEQUENT EVENTS

Condensed financial information of Allegiance

Allegiance Bancshares, Inc. Condensed Balance Sheet (Unaudited)
(Dollars in thousands)	September 30, 2022
Assets:
Cash and cash equivalents	$	118,567
Securities		1,618,995
Loans held for investment		4,591,912
Allowance for credit losses for loans		(52,147)
Loans, net		4,539,765
Premises and equipment		57,837
Goodwill		223,642
Other assets		171,536
Total assets	$	6,730,342
Liabilities:
Noninterest-bearing deposits	$	2,465,839
Interest-bearing deposits		3,194,880
Total deposits		5,660,719
Borrowed funds		257,000
Subordinated debt		109,241
Other liabilities		47,080
Total liabilities		6,074,040
Total shareholders’ equity		656,302
Total liabilities and shareholders’ equity	$	6,730,342

Allegiance Bancshares, Inc. Condensed Statements of Income (Unaudited)	Three Months Ended		Nine Months Ended
(Dollars in thousands)	September 30, 2022		September 30, 2022
Net interest income	$	60,690	$	173,344
Provision for credit losses		1,962		5,919
Net interest income after provision for credit losses		58,728		167,425
Noninterest income		2,995		9,717
Noninterest expense		44,031		116,452
Net income before income tax expense		17,692		60,690
Income tax expense		3,406		11,310
Net income	$	14,286	$	49,380
Earnings per common share
Basic	$	0.72	$	2.44
Diluted	$	0.71	$	2.42