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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 25,486 $ 26,562
Interest bearing deposits in financial institutions and fed funds sold 205,765 114,119
Total cash and cash equivalents 231,251 140,681
Available-for-sale securities, at fair value 635,333 705,539
Held-to-maturity securities, at amortized cost (fair value of $63,993 and $13,146, respectively) 64,530 13,275
Investment in Patriot Bancshares Capital Trusts I and II 666 666
Federal Reserve Bank stock 11,809 11,702
Federal Home Loan Bank of Dallas stock 19,711 14,915
Other investments 10,776 0
Total securities and other investments 742,825 746,097
Loans held for sale 4,992 7,156
Loans held for investment 3,222,108 3,190,485
Allowance for loan losses (35,086) (31,220)
Loans, net 3,192,014 3,166,421
Premises and equipment, net 29,178 24,002
Goodwill 85,291 85,291
Core deposit intangibles, net of accumulated amortization 7,881 8,503
Accrued interest receivable 11,855 11,109
Deferred tax asset, net 12,528 8,758
Real estate acquired by foreclosure 802 802
Bank owned life insurance 56,066 55,302
Other assets 21,986 14,950
TOTAL ASSETS 4,391,677 4,261,916
Deposits:    
Noninterest-bearing 824,753 803,210
Interest-bearing transaction and savings 1,281,255 1,331,601
Certificates and other time deposits 1,320,042 1,262,332
Total deposits 3,426,050 3,397,143
Securities sold under agreements to repurchase 4,141 5,173
Other borrowed funds 412,000 325,000
Subordinated debentures and subordinated notes 48,019 47,737
Accrued interest payable 3,785 2,841
Other liabilities 18,189 20,227
Total liabilities 3,912,184 3,798,121
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.01 par value, 90,000,000 shares authorized; 37,467,477 and 37,280,822 shares issued at June 30, 2018 and December 31, 2017, respectively; 37,289,477 and 37,102,822 shares outstanding at June 30, 2018 and December 31, 2017, respectively 375 373
Capital surplus 392,010 387,891
Retained earnings 106,416 83,263
Accumulated other comprehensive income, net (18,055) (6,479)
Less treasury stock, at cost, 178,000 shares at both June 30, 2018 and December 31, 2017 (1,253) (1,253)
Total shareholders’ equity 479,493 463,795
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,391,677 $ 4,261,916