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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 25,818 $ 26,562
Interest bearing deposits in financial institutions and fed funds sold 116,326 114,119
Total cash and cash equivalents 142,144 140,681
Available-for-sale securities, at fair value 664,045 705,539
Held-to-maturity securities, at amortized cost (fair value of $65,037 and $13,146, respectively) 65,101 13,275
Investment in Patriot Bancshares Capital Trusts I and II 666 666
Federal Reserve Bank stock 11,774 11,702
Federal Home Loan Bank of Dallas stock 14,857 14,915
Other investments 10,860 0
Total securities and other investments 767,303 746,097
Loans held for sale 7,461 7,156
Loans held for investment 3,136,336 3,190,485
Allowance for loan losses (38,233) (31,220)
Loans, net 3,105,564 3,166,421
Premises and equipment, net 23,694 24,002
Goodwill 85,291 85,291
Core deposit intangibles, net of accumulated amortization 8,187 8,503
Accrued interest receivable 11,783 11,109
Deferred tax asset, net 11,893 8,758
Real estate acquired by foreclosure 802 802
Bank owned life insurance 55,682 55,302
Other assets 12,904 14,950
TOTAL ASSETS 4,225,247 4,261,916
Deposits:    
Noninterest-bearing 849,297 803,210
Interest-bearing transaction and savings 1,337,973 1,331,601
Certificates and other time deposits 1,266,457 1,262,332
Total deposits 3,453,727 3,397,143
Securities sold under agreements to repurchase 4,948 5,173
Other borrowed funds 230,000 325,000
Subordinated debentures and subordinated notes 47,878 47,737
Accrued interest payable 3,631 2,841
Other liabilities 16,185 20,227
Total liabilities 3,756,369 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; 37,412,718 and 37,280,822 shares issued at March 31, 2018 and December 31, 2017, respectively; 37,234,718 and 37,102,822 shares outstanding at March 31, 2018 and December 31, 2017, respectively 374 373
Capital surplus 390,297 387,891
Retained earnings 93,722 83,263
Accumulated other comprehensive income, net (14,262) (6,479)
Less treasury stock, at cost, 178,000 shares at both March 31, 2018 and December 31, 2017 (1,253) (1,253)
Total shareholders’ equity 468,878 463,795
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,225,247 $ 4,261,916