Loans

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Loans

Loans

Loans were as follows:

	June 30, 2023		December 31, 2022
Commercial and industrial	$	5,726,804	$	5,674,798
Energy:
Production	718,829		696,570
Service	138,816		133,542
Other	128,926		95,617
Total energy	986,571		925,729
Paycheck Protection Program	22,333		34,852
Commercial real estate:
Commercial mortgages	6,389,649		6,168,910
Construction	1,468,071		1,477,247
Land	535,247		537,168
Total commercial real estate	8,392,967		8,183,325
Consumer real estate:
Home equity lines of credit	730,557		691,841
Home equity loans	575,284		449,507
Home improvement loans	680,811		577,377
Other	171,264		124,814
Total consumer real estate	2,157,916		1,843,539
Total real estate	10,550,883		10,026,864
Consumer and other	459,720		492,726
Total loans	$	17,746,311	$	17,154,969

Concentrations of Credit. Most of our lending activity occurs within the State of Texas, including the four largest metropolitan areas of Austin, Dallas/Ft. Worth, Houston and San Antonio, as well as other markets. The majority of our loan portfolio consists of commercial and industrial and commercial real estate loans. As of June 30, 2023, there were no concentrations of loans related to any single industry in excess of 10% of total loans. At that date, the largest industry concentrations were related to the automobile dealerships industry, which totaled 6.0% of total loans and the energy industry, which totaled 5.6% of total loans. Unfunded commitments to extend credit and standby letters of credit issued to customers in the automobile dealership industry totaled $454.9 million and $20.1 million, respectively, as of June 30, 2023, while unfunded commitments to extend credit and standby letters of credit issued to customers in the energy industry totaled $1.0 billion and $84.1 million, respectively, as of June 30, 2023.

Foreign Loans. We have U.S. dollar denominated loans and commitments to borrowers in Mexico. The outstanding balance of these loans and the unfunded amounts available under these commitments were not significant at June 30, 2023 or December 31, 2022.

Related Party Loans. In the ordinary course of business, we have granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). Such loans totaled $389.2 million at June 30, 2023 and $391.3 million at December 31, 2022.

Accrued Interest Receivable. Accrued interest receivable on loans totaled $73.9 million and $68.7 million at June 30, 2023 and December 31, 2022, respectively, and is included in accrued interest receivable and other assets in the accompanying consolidated balance sheets.

Non-Accrual and Past Due Loans. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions.

Non-accrual loans, segregated by class of loans, were as follows:

	June 30, 2023				December 31, 2022
	Total Non-Accrual		Non-Accrual with No Credit Loss Allowance		Total Non-Accrual		Non-Accrual with No Credit Loss Allowance
Commercial and industrial	$	22,217	$	3,817	$	18,130	$	8,514
Energy	16,712		11,880		15,224		7,139
Commercial real estate:
Buildings, land and other	25,682		6,617		3,552		1,991
Construction	—		—		—		—
Consumer real estate	3,170		3,170		927		927
Consumer and other	—		—		—		—
Total	$	67,781	$	25,484	$	37,833	$	18,571

The following table presents non-accrual loans as of June 30, 2023 by class and year of origination.

	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial and industrial	$	—	$	—	$	221	$	754	$	2,957	$	1,172	$	16,746	$	367	$	22,217
Energy	10,324		—		—		59		1,349		2		4,832		146		16,712
Commercial real estate:
Buildings, land and other	1,924		8		296		18,328		1,483		3,643		—		—		25,682
Construction	—		—		—		—		—		—		—		—		—
Consumer real estate	—		—		—		39		2,470		95		—		566		3,170
Consumer and other	—		—		—		—		—		—		—		—		—
Total	$	12,248	$	8	$	517	$	19,180	$	8,259	$	4,912	$	21,578	$	1,079	$	67,781

In the table above, energy and commercial real estate loans reported as 2023 originations as of June 30, 2023 were first originated in years prior to 2023 but were renewed in the current year. Had non-accrual loans performed in accordance with their original contract terms, we would have recognized additional interest income, net of tax, of approximately $835 thousand and $1.4 million for the three and six months ended June 30, 2023, respectively, and approximately $436 thousand and $843 thousand for the three and six months ended June 30, 2022, respectively.

An age analysis of past due loans (including both accruing and non-accruing loans), segregated by class of loans, as of June 30, 2023 was as follows:

	Loans 30-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
Commercial and industrial	$	29,280	$	5,224	$	34,504	$	5,692,300	$	5,726,804	$	3,025
Energy	2,224		6,386		8,610		977,961		986,571		—
Paycheck Protection Program	80		2,725		2,805		19,528		22,333		2,725
Commercial real estate:
Buildings, land and other	28,554		20,022		48,576		6,876,320		6,924,896		568
Construction	669		118		787		1,467,284		1,468,071		118
Consumer real estate	8,843		8,114		16,957		2,140,959		2,157,916		5,039
Consumer and other	5,153		336		5,489		454,231		459,720		336
Total	$	74,803	$	42,925	$	117,728	$	17,628,583	$	17,746,311	$	11,811

Modifications to Borrowers Experiencing Financial Difficulty. From time to time, we may modify certain loans to borrowers who are experiencing financial difficulty. In some cases, these modifications may result in new loans. Loan modifications to borrowers experiencing financial difficulty may be in the form of a principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension or a combination thereof, among other things. The period-end balance of loan modifications, segregated by type of modification, to borrowers experiencing financial difficulty during the six months ended June 30, 2023 and June 30, 2022 are set forth in the table below, regardless of whether such modifications resulted in a new loan. There were no commitments to lend additional funds to these borrowers at June 30, 2023.

	Payment Delay		Percent of Total Class of Loans		Combination: Payment Delay and Term Extension		Percent of Total Class of Loans
June 30, 2023
Commercial and industrial	$	—	—	%	$	16,020	0.3	%
Commercial real estate:
Buildings, land and other	—		—		20,466		0.3
	$	—	—		$	36,486	0.2
June 30, 2022
Commercial real estate:
Buildings, land and other	$	1,116	—		—		—
	$	1,116	—		$	—	—

The financial effects of the loan modifications made to borrowers experiencing financial difficulty were not significant during the six months ended June 30, 2023. The loan modifications reported in the table above did not significantly impact our determination of the allowance for credit losses on loans during the six months ended June 30, 2023.

Information as of or for the six months ended June 30, 2023 and June 30, 2022 related to loans modified (by type of modification) in the preceding twelve months, respectively, whereby the borrower was experiencing financial difficulty at the time of modification is set forth in the following table.

	June 30, 2023						June 30, 2022
	Term Extension		Payment Delay		Combination: Payment Delay and Term Extension		Term Extension		Payment Delay		Combination: Payment Delay and Term Extension
Past due in excess of 90 days or on non-accrual status at period-end:
Commercial and industrial	$	—	$	—	$	16,020	$	—	$	—	$	—
Commercial real estate:
Buildings, land and other	—		—		20,466		—		1,116		—
	$	—	$	—	$	36,486	$	—	$	1,116	$	—
Charge-offs during the period:
Commercial real estate:
Buildings, land and other	$	—	$	—	$	—	$	—	$	371	$	352
Proceeds from sales:
Commercial real estate:
Buildings, land and other	$	—	$	—	$	—	$	—	$	—	$	1,070

Credit Quality Indicators. As part of the on-going monitoring of the credit quality of our loan portfolio, management tracks certain credit quality indicators including trends related to (i) the weighted-average risk grade of commercial loans, (ii) the level of classified commercial loans, (iii) the delinquency status of consumer loans, (iv) non-performing loans (see details above) and (v) the general economic conditions in the State of Texas.

We utilize a risk grading matrix to assign a risk grade to each of our commercial loans. Loans are graded on a scale of 1 to 14. A description of the general characteristics of the 14 risk grades is set forth in our 2022 Form 10-K. We monitor portfolio credit quality by the weighted-average risk grade of each class of commercial loan. Individual relationship managers, under the oversight of credit administration, review updated financial information for all pass grade loans to reassess the risk grade on at least an annual basis. When a loan has a risk grade of 9, it is still considered a pass grade loan; however, it is considered to be on management’s “watch list,” where a significant risk-modifying action is anticipated in the near term. When a loan has a risk grade of 10 or higher, a special assets officer monitors the loan on an on-going basis.

The following table presents weighted-average risk grades for all commercial loans, by class and year of origination/renewal, as of June 30, 2023. Paycheck Protection Program (“PPP”) loans are excluded as such loans are fully guaranteed by the Small Business Administration (“SBA”).

	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total		W/A Risk Grade
Commercial and industrial
Risk grades 1-8	$	1,113,216	$	919,731	$	524,735	$	406,763	$	186,103	$	243,703	$	2,026,310	$	48,004	$	5,468,565	6.29
Risk grade 9	17,610		17,339		32,116		3,745		2,307		10,869		40,715		5,203		129,904		9.00
Risk grade 10	9,988		510		622		396		4,165		744		19,268		564		36,257		10.00
Risk grade 11	4,491		4,164		4,001		8,747		16,121		1,523		19,749		11,065		69,861		11.00
Risk grade 12	—		—		221		702		2,687		1,172		14,607		367		19,756		12.00
Risk grade 13	—		—		—		52		270		—		2,139		—		2,461		13.00
	$	1,145,305	$	941,744	$	561,695	$	420,405	$	211,653	$	258,011	$	2,122,788	$	65,203	$	5,726,804	6.46
W/A risk grade	6.31		6.76		7.10		5.93		6.57		6.17		6.31		7.66		6.46

	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total		W/A Risk Grade
Energy
Risk grades 1-8	$	301,108	$	65,831	$	83,174	$	4,240	$	2,393	$	5,297	$	457,225	$	33,858	$	953,126	5.79
Risk grade 9	311		4,456		139		—		445		589		3,603		1,972		11,515		9.00
Risk grade 10	—		—		—		—		355		189		—		—		544		10.00
Risk grade 11	—		—		106		170		3,101		12		1,285		—		4,674		11.00
Risk grade 12	10,324		—		—		59		1,349		2		2,132		146		14,012		12.00
Risk grade 13	—		—		—		—		—		—		2,700		—		2,700		13.00
	$	311,743	$	70,287	$	83,419	$	4,469	$	7,643	$	6,089	$	466,945	$	35,976	$	986,571	5.96
W/A risk grade	6.32		6.60		5.78		7.68		9.83		7.14		5.58		5.69		5.96
Commercial real estate:
Buildings, land, other
Risk grades 1-8	$	699,039	$	1,735,438	$	1,421,130	$	851,503	$	570,561	$	1,009,089	$	150,060	$	103,188	$	6,540,008	6.97
Risk grade 9	9,069		15,323		10,729		40,843		70,271		27,324		1,980		1,214		176,753		9.00
Risk grade 10	491		29,583		7,991		4,086		1,754		3,796		—		2,646		50,347		10.00
Risk grade 11	7,653		6,163		48,496		8,477		—		57,948		2,993		376		132,106		11.00
Risk grade 12	1,924		8		296		17,178		1,483		3,493		—		—		24,382		12.00
Risk grade 13	—		—		—		1,150		—		150		—		—		1,300		13.00
	$	718,176	$	1,786,515	$	1,488,642	$	923,237	$	644,069	$	1,101,800	$	155,033	$	107,424	$	6,924,896	7.14
W/A risk grade	7.10		7.05		7.28		7.22		7.02		7.17		7.13		6.50		7.14
Construction
Risk grades 1-8	$	271,025	$	523,461	$	342,339	$	49,547	$	945	$	1,666	$	179,127	$	—	$	1,368,110	7.19
Risk grade 9	9,975		14,668		3,067		2,100		—		—		3,291		—		33,101		9.00
Risk grade 10	18,297		—		7,347		—		—		—		9,126		—		34,770		10.00
Risk grade 11	—		31,972		118		—		—		—		—		—		32,090		11.00
Risk grade 12	—		—		—		—		—		—		—		—		—		12.00
Risk grade 13	—		—		—		—		—		—		—		—		—		13.00
	$	299,297	$	570,101	$	352,871	$	51,647	$	945	$	1,666	$	191,544	$	—	$	1,468,071	7.38
W/A risk grade	7.68		7.39		7.39		4.63		7.07		6.77		7.65		—		7.38
Total commercial real estate	$	1,017,473	$	2,356,616	$	1,841,513	$	974,884	$	645,014	$	1,103,466	$	346,577	$	107,424	$	8,392,967	7.18
W/A risk grade	7.27		7.13		7.30		7.09		7.02		7.17		7.41		6.50		7.18

In the table above, certain loans are reported as 2023 originations and have risk grades of 11 or higher. These loans were, for the most part, first originated in various years prior to 2023 but were renewed in the current year.

The following tables present weighted average risk grades for all commercial loans by class as of December 31, 2022. Refer to our 2022 Form 10-K for details of these loans by year of origination/renewal.

	Commercial and Industrial			Energy			Commercial Real Estate - Buildings, Land and Other			Commercial Real Estate - Construction			Total Commercial Real Estate
	W/A Risk Grade	Loans		W/A Risk Grade	Loans		W/A Risk Grade	Loans		W/A Risk Grade	Loans		W/A Risk Grade	Loans
Risk grades 1-8	6.24	$	5,435,917	5.44	$	887,182	6.94	$	6,340,028	7.04	$	1,430,012	6.96	$	7,770,040
Risk grade 9	9.00	146,192		9.00	11,112		9.00	189,928		9.00	34,952		9.00	224,880
Risk grade 10	10.00	37,596		10.00	642		10.00	91,020		10.00	931		10.00	91,951
Risk grade 11	11.00	36,963		11.00	11,569		11.00	81,550		11.00	11,352		11.00	92,902
Risk grade 12	12.00	12,521		12.00	10,840		12.00	2,957		12.00	—		12.00	2,957
Risk grade 13	13.00	5,609		13.00	4,384		13.00	595		13.00	—		13.00	595
Total	6.39	$	5,674,798	5.67	$	925,729	7.09	$	6,706,078	7.12	$	1,477,247	7.10	$	8,183,325

Information about the payment status of consumer loans, segregated by portfolio segment and year of origination, as of June 30, 2023 was as follows:

	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Consumer real estate:
Past due 30-89 days	$	297	$	1,126	$	1,075	$	236	$	480	$	1,534	$	3,861	$	234	$	8,843
Past due 90 or more days	—		95		172		63		2,539		1,081		523		3,641		8,114
Total past due	297		1,221		1,247		299		3,019		2,615		4,384		3,875		16,957
Current loans	284,398		438,609		300,363		182,845		62,030		150,136		713,920		8,658		2,140,959
Total	$	284,695	$	439,830	$	301,610	$	183,144	$	65,049	$	152,751	$	718,304	$	12,533	$	2,157,916
Consumer and other:
Past due 30-89 days	$	2,202	$	316	$	158	$	12	$	42	$	49	$	2,226	$	148	$	5,153
Past due 90 or more days	84		34		1		—		—		—		212		5		336
Total past due	2,286		350		159		12		42		49		2,438		153		5,489
Current loans	49,542		39,133		13,771		4,820		1,985		1,900		320,720		22,360		454,231
Total	$	51,828	$	39,483	$	13,930	$	4,832	$	2,027	$	1,949	$	323,158	$	22,513	$	459,720

Revolving loans that converted to term during the three and six months ended June 30, 2023 and 2022 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Commercial and industrial	$	3,835	$	16,518	$	14,606	$	21,973
Energy	—		247		2,567		247
Commercial real estate:
Buildings, land and other	5,944		10,681		5,944		10,726
Construction	—		13		—		4,248
Consumer real estate	1,064		888		1,743		1,684
Consumer and other	1,669		1,792		3,671		5,868
Total	$	12,512	$	30,139	$	28,531	$	44,746

In assessing the general economic conditions in the State of Texas, management monitors and tracks the Texas Leading Index (“TLI”), which is produced by the Federal Reserve Bank of Dallas. The TLI, the components of which are more fully described in our 2022 Form 10-K, totaled 127.7 at June 30, 2023 and 130.3 at December 31, 2022. A lower TLI value implies less favorable economic conditions.

Allowance For Credit Losses - Loans. The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with ASC 326, that is deducted from the amortized cost basis of loans to present the net amount expected to be collected. The amount of the allowance represents management's best estimate of current expected credit losses on loans considering available information, from internal and external sources, relevant to assessing collectibility over the loans' contractual terms, adjusted for expected prepayments when appropriate. Credit loss expense related to loans reflects the totality of actions taken on all loans for a particular period including any necessary increases or decreases in the allowance related to changes in credit loss expectations associated with specific loans or pools of loans. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgment, should be charged off. While management utilizes its best judgment and information available, the ultimate appropriateness of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. Our allowance methodology is more fully described in our 2022 Form 10-K.

During the first quarter of 2023, we recalibrated and updated all of our commercial loan models, with the exception of the models related to commercial real estate - non-owner occupied loans, as well as our consumer real estate loan models. While the fundamental modeling methodologies remain unchanged, the updates included (i) separating the energy loan pool from the commercial and industrial pool as a result of differences in loss characteristics observed in recent history and (ii) changing the modeling approach related to loan renewals whereby each renewal is treated as a separate loan which impacted loan life assumptions. For modeling purposes, our loan pools now include (i) commercial and industrial non-revolving, (ii) commercial and industrial revolving, (iii) energy, (iv) commercial real estate - owner occupied, (v) commercial real estate - non-owner occupied, (vi) commercial real estate - construction/land development, (vii) consumer real estate and (viii) consumer and other. The overall approximate impact of the model updates during the first quarter was a $45.0 million decrease in modeled expected

credit losses on loans though the impact of this decrease was largely offset with qualitative adjustments. The decrease in modeled expected credit losses on loans was largely driven by lower measurements for probability of default (“PD”) and loss given default (“LGD”) based on the historical data series (2008 through 2018) used for the recalibration. This period was one of relatively low losses and included higher levels of government stimulus. The lower PD and LGD measurements were also impacted by shorter loan life assumptions due to the aforementioned change in the modeling approach related to loan renewals.

The following table presents details of the allowance for credit losses on loans segregated by loan portfolio segment as of June 30, 2023 and December 31, 2022. No allowance for credit losses has been recognized for PPP loans as such loans are fully guaranteed by the SBA.

June 30, 2023	Commercial and Industrial		Energy		Commercial Real Estate		Consumer Real Estate		Consumer and Other		Total
Modeled expected credit losses	$	46,435	$	5,733	$	15,496	$	12,594	$	5,511	$	85,769
Q-Factor and other qualitative adjustments	26,270		6,496		104,130		441		4,052		141,389
Specific allocations	2,461		2,700		1,300		—		—		6,461
Total	$	75,166	$	14,929	$	120,926	$	13,035	$	9,563	$	233,619
December 31, 2022
Modeled expected credit losses	$	61,918	$	8,531	$	27,013	$	7,847	$	4,983	$	110,292
Q-Factor and other qualitative adjustments	36,237		5,148		61,572		157		2,034		105,148
Specific allocations	6,082		4,383		1,716		—		—		12,181
Total	$	104,237	$	18,062	$	90,301	$	8,004	$	7,017	$	227,621

The following table details activity in the allowance for credit losses on loans by portfolio segment for the three and six months ended June 30, 2023 and 2022. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. No allowance for credit losses has been recognized for PPP loans as such loans are fully guaranteed by the SBA.

	Commercial and Industrial		Energy		Commercial Real Estate		Consumer Real Estate		Consumer and Other		Total
Three months ended:
June 30, 2023
Beginning balance	$	78,465	$	19,191	$	115,693	$	9,708	$	8,457	$	231,514
Credit loss expense (benefit)	2,404		(4,433)		5,133		3,822		5,007		11,933
Charge-offs	(7,136)		(518)		—		(1,080)		(7,016)		(15,750)
Recoveries	1,433		689		100		585		3,115		5,922
Net (charge-offs) recoveries	(5,703)		171		100		(495)		(3,901)		(9,828)
Ending balance	$	75,166	$	14,929	$	120,926	$	13,035	$	9,563	$	233,619
June 30, 2022
Beginning balance	$	87,026	$	15,422	$	128,954	$	6,359	$	9,074	$	246,835
Credit loss expense (benefit)	942		427		(12,232)		583		5,884		(4,396)
Charge-offs	(1,891)		—		—		(131)		(5,322)		(7,344)
Recoveries	1,193		418		384		43		2,499		4,537
Net (charge-offs) recoveries	(698)		418		384		(88)		(2,823)		(2,807)
Ending balance	$	87,270	$	16,267	$	117,106	$	6,854	$	12,135	$	239,632

	Commercial and Industrial		Energy		Commercial Real Estate		Consumer Real Estate		Consumer and Other		Total
Six months ended:
June 30, 2023
Beginning balance	$	104,237	$	18,062	$	90,301	$	8,004	$	7,017	$	227,621
Credit loss expense (benefit)	(18,280)		(3,467)		30,494		5,105		10,756		24,608
Charge-offs	(13,316)		(518)		—		(1,330)		(13,958)		(29,122)
Recoveries	2,525		852		131		1,256		5,748		10,512
Net (charge-offs) recoveries	(10,791)		334		131		(74)		(8,210)		(18,610)
Ending balance	$	75,166	$	14,929	$	120,926	$	13,035	$	9,563	$	233,619
June 30, 2022
Beginning balance	$	72,091	$	17,217	$	144,936	$	6,585	$	7,837	$	248,666
Credit loss expense (benefit)	18,503		(1,617)		(27,841)		557		10,466		68
Charge-offs	(5,346)		(371)		(702)		(362)		(11,093)		(17,874)
Recoveries	2,022		1,038		713		74		4,925		8,772
Net (charge-offs) recoveries	(3,324)		667		11		(288)		(6,168)		(9,102)
Ending balance	$	87,270	$	16,267	$	117,106	$	6,854	$	12,135	$	239,632

The following table presents year-to-date gross charge-offs by year of origination as of June 30, 2023.

	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term		Total
Commercial and industrial	$	124	$	208	$	178	$	55	$	25	$	29	$	7,427	$	5,270	$	13,316
Energy	—		—		—		—		—		—		—		518		518
Commercial real estate:
Buildings, land and other	—		—		—		—		—		—		—		—		—
Construction	—		—		—		—		—		—		—		—		—
Consumer real estate	—		—		280		—		—		89		961		—		1,330
Consumer and other	8,143		4,354		57		12		—		23		1,051		318		13,958
Total	$	8,267	$	4,562	$	515	$	67	$	25	$	141	$	9,439	$	6,106	$	29,122

In the table above, $8.1 million of the consumer and other loan charge-offs reported as 2023 originations and $4.2 million of the total reported as 2022 originations were related to deposit overdrafts.

The following table presents loans that were evaluated for expected credit losses on an individual basis and the related specific allocations, by loan portfolio segment, as of June 30, 2023 and December 31, 2022.

	June 30, 2023				December 31, 2022
	Loan Balance		Specific Allocations		Loan Balance		Specific Allocations
Commercial and industrial	$	20,862	$	2,461	$	18,980	$	6,082
Energy	16,445		2,700		15,058		4,383
Paycheck Protection Program	—		—		—		—
Commercial real estate:
Buildings, land and other	24,954		1,300		17,711		1,716
Construction	—		—		—		—
Consumer real estate	3,030		—		827		—
Consumer and other	—		—		—		—
Total	$	65,291	$	6,461	$	52,576	$	12,181