XML 41 R30.htm IDEA: XBRL DOCUMENT v3.26.1
Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Debt Securities, Held-to-maturity [Table Text Block] A summary of the amortized cost, fair value and allowance for credit losses related to securities held to maturity as of June 30, 2026 and December 31, 2025, is presented below.
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value		Allowance
for Credit
Losses		Net
Carrying
Amount
June 30, 2026
Residential mortgage-backed securities
$1,078,522 $45 $34,564 $1,044,003 $— $1,078,522 
States and political subdivisions
2,305,985 10,296 110,968 2,205,313 (500)2,305,485 
Other1,500 — — 1,500 — 1,500 
Total$3,386,007 $10,341 $145,532 $3,250,816 $(500)$3,385,507 
December 31, 2025
Residential mortgage-backed securities
$1,113,474 $5,952 $29,220 $1,090,206 $— $1,113,474 
States and political subdivisions
2,316,705 10,089 123,068 2,203,726 (500)2,316,205 
Other1,500 — 1 1,499 — 1,500 
Total$3,431,679 $16,041 $152,289 $3,295,431 $(500)$3,431,179 
Moody's and Standard & Poor's Bond Ratings [Table Text Block]
The following table summarizes Moody's and/or Standard & Poor's bond ratings for our portfolio of held-to-maturity securities issued by States and political subdivisions and other securities as of June 30, 2026 and December 31, 2025:
States and Political Subdivisions
Not Guaranteed or Pre-RefundedGuaranteed by the Texas PSFGuaranteed by Third PartyPre-RefundedTotalOther
Securities
June 30, 2026
Aaa/AAA$300,287 $1,457,848 $6,131 $34,809 $1,799,075 $— 
Aa/AA488,492 — 13,580 — 502,072 — 
A4,838 — — — 4,838 — 
Not rated— — — — — 1,500 
Total$793,617 $1,457,848 $19,711 $34,809 $2,305,985 $1,500 
December 31, 2025
Aaa/AAA$300,477 $1,467,646 $6,140 $35,216 $1,809,479 $— 
Aa/AA488,778 — 13,579 — 502,357 — 
A4,869 — — — 4,869 — 
Not rated— — — — — 1,500 
Total$794,124 $1,467,646 $19,719 $35,216 $2,316,705 $1,500 
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Table Text Block]
The following table details activity in the allowance for credit losses on held-to-maturity securities during the three and six months ended June 30, 2026 and 2025.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Beginning balance$500 $310 $500 $310 
Credit loss expense (benefit)— — — — 
Ending balance$500 $310 $500 $310 
Amortized Cost, Estimated Fair Value and Allowance for Credit Losses of Securities Available for Sale A summary of the amortized cost, fair value and allowance for credit losses related to securities available for sale as of June 30, 2026 and December 31, 2025, is presented below.
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance
for Credit
Losses		Estimated
Fair Value
June 30, 2026
U.S. Treasury$3,080,180 $— $154,229 $— $2,925,951 
Residential mortgage-backed securities
10,558,944 41,866 781,500 — 9,819,310 
States and political subdivisions
5,462,850 42,057 202,762 — 5,302,145 
Other42,567 — — — 42,567 
Total$19,144,541 $83,923 $1,138,491 $— $18,089,973 
December 31, 2025
U.S. Treasury$2,604,852 $22 $148,357 $— $2,456,517 
Residential mortgage-backed securities
8,818,139 54,668 751,013 — 8,121,794 
States and political subdivisions
5,548,304 29,000 227,447 — 5,349,857 
Other42,428 — — — 42,428 
Total$17,013,723 $83,690 $1,126,817 $— $15,970,596 
Securities, with Unrealized Losses Segregated by Length of Impairment
The table below summarizes, as of June 30, 2026, securities available for sale in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by type of security and length of time in a continuous unrealized loss position.
Less than 12 MonthsMore than 12 MonthsTotal
Estimated
Fair Value		Unrealized
Losses		Estimated
Fair Value		Unrealized
Losses		Estimated
Fair Value		Unrealized
Losses
U.S. Treasury$795,502 $168 $2,130,449 $154,061 $2,925,951 $154,229 
Residential mortgage-backed securities2,922,925 15,554 4,019,978 765,946 6,942,903 781,500 
States and political subdivisions439,689 1,643 2,355,931 201,119 2,795,620 202,762 
Total$4,158,116 $17,365 $8,506,358 $1,121,126 $12,664,474 $1,138,491 
Amortized Cost and Estimated Fair Value of Securities, Excluding Trading Securities, Presented by Contractual Maturity The following table summarizes the maturity distribution schedule of securities held to maturity and securities available for sale as of June 30, 2026. Mortgage-backed securities are included in maturity categories based on their stated maturity date. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Other securities classified as available for sale include stock in the Federal Reserve Bank and the Federal Home Loan Bank, which have no maturity date. These securities have been included in the total column only.
Within 1 Year1 - 5 Years5 - 10 YearsAfter 10 YearsTotal
Held To Maturity
Amortized Cost
Residential mortgage-backed securities$— $493,666 $11,209 $573,647 $1,078,522 
States and political subdivisions23,902 6,448 117,368 2,158,267 2,305,985 
Other1,500 — — — 1,500 
Total$25,402 $500,114 $128,577 $2,731,914 $3,386,007 
Estimated Fair Value
Residential mortgage-backed securities$— $462,353 $9,647 $572,003 $1,044,003 
States and political subdivisions24,002 6,559 115,957 2,058,795 2,205,313 
Other1,500 — — — 1,500 
Total$25,502 $468,912 $125,604 $2,630,798 $3,250,816 
Available For Sale
Amortized Cost
U. S. Treasury$1,443,787 $1,443,038 $— $193,355 $3,080,180 
Residential mortgage-backed securities27 10,092 1,846 10,546,979 10,558,944 
States and political subdivisions113,475 318,188 472,047 4,559,140 5,462,850 
Other— — — — 42,567 
Total$1,557,289 $1,771,318 $473,893 $15,299,474 $19,144,541 
Estimated Fair Value
U. S. Treasury$1,440,481 $1,346,189 $— $139,281 $2,925,951 
Residential mortgage-backed securities27 10,085 1,865 9,807,333 9,819,310 
States and political subdivisions113,506 317,509 441,330 4,429,800 5,302,145 
Other— — — — 42,567 
Total$1,554,014 $1,673,783 $443,195 $14,376,414 $18,089,973 
Schedule of Realized Gain (Loss) Sales of available for sale securities were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Proceeds from sales$— $— $— $38,556 
Gross realized gains— — — 43 
Gross realized losses— — — (57)
Tax (expense) benefit of securities gains/losses— — — 3 
Investment Income Premium amortization and discount accretion included in interest income on securities was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Premium amortization$(11,817)$(15,078)$(25,351)$(30,091)
Discount accretion12,395 4,895 22,163 9,963 
Net (premium amortization) discount accretion$578 $(10,183)$(3,188)$(20,128)
Trading Account Securities, at Estimated Fair Value Trading account securities, at estimated fair value, were as follows:
June 30,
2026		December 31,
2025
U.S. Treasury$38,037 $36,650 
States and political subdivisions1,116 954 
Total$39,153 $37,604 
Net Gains and Losses on Trading Account Securities
Net gains and losses on trading account securities included in other non-interest income were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Net gain on sales transactions$1,255 $1,515 $2,606 $2,788 
Net mark-to-market gains (losses)1 5 (12)(28)
Net gain (loss) on trading account securities$1,256 $1,520 $2,594 $2,760