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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 26,562 $ 18,351
Interest bearing deposits in financial institutions and fed funds sold 114,119 370,656
Total cash and cash equivalents 140,681 389,007
Available-for-sale securities, at fair value 705,539 274,619
Held-to-maturity securities, at amortized cost (fair value of $13,146 and $34,844, respectively) 13,275 35,505
Investment in Patriot Bancshares Capital Trusts I and II 666 666
Federal Reserve Bank stock 11,702 10,954
Federal Home Loan Bank of Dallas stock 14,915 7,029
Total securities and other investments 746,097 328,773
Loans held for sale 7,156 23,989
Loans held for investment 3,190,485 3,098,220
Allowance for loan losses (31,220) (26,364)
Loans, net 3,166,421 3,095,845
Premises and equipment, net 24,002 25,674
Goodwill 85,291 85,291
Core deposit intangibles, net of accumulated amortization 8,503 9,975
Accrued interest receivable 11,109 8,011
Deferred tax asset, net 8,758 11,266
Real estate acquired by foreclosure 802 5,220
Bank owned life insurance 55,302 34,385
Other assets 14,950 31,375
TOTAL ASSETS 4,261,916 4,024,822
Deposits:    
Noninterest-bearing 803,210 650,064
Interest-bearing transaction and savings 1,331,601 1,359,187
Certificates and other time deposits 1,262,332 1,365,449
Total deposits 3,397,143 3,374,700
Securities sold under agreements to repurchase 5,173 3,493
Other borrowed funds 325,000 150,000
Subordinated debentures and subordinated notes 47,737 47,492
Accrued interest payable 2,841 2,387
Other liabilities 20,227 16,268
Total liabilities 3,798,121 3,594,340
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; 37,280,822 and 37,165,674 shares issued at December 31, 2017 and December 31, 2016, respectively; 37,102,822 and 36,987,674 shares outstanding at December 31, 2017 and December 31, 2016, respectively 373 372
Capital surplus 387,891 382,961
Retained earnings 83,263 49,127
Accumulated other comprehensive loss, net (6,479) (725)
Less treasury stock, at cost, 178,000 shares at both December 31, 2017 and 2016 (1,253) (1,253)
Total shareholders’ equity 463,795 430,482
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,261,916 $ 4,024,822