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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,507,604 $ 458,153
Federal funds sold 234 260
Total cash and cash equivalents 1,507,838 458,413
Available for sale securities, at fair value 318,647 438,588
Held to maturity securities, at cost (fair value of $9,992,366 and $10,984,598, respectively) 11,383,492 12,365,308
Total securities 11,702,139 12,803,896
Loans held for sale 9,951 5,734
Loans held for investment 21,229,461 20,352,559
Loans held for investment - Warehouse Purchase Program 1,081,403 822,245
Total loans 22,320,815 21,180,538
Less: allowance for credit losses on loans (359,852) (332,362)
Loans, net 21,960,963 20,848,176
Accrued interest receivable 107,339 96,327
Goodwill 3,504,107 3,396,086
Core deposit intangibles, net 74,324 63,994
Bank premises and equipment, net 377,394 369,992
Other real estate owned 4,960 1,708
Bank owned life insurance (BOLI) 382,499 379,447
Federal Home Loan Bank of Dallas stock 10,184 8,750
Other assets 130,547 121,088
TOTAL ASSETS 39,762,294 38,547,877
Deposits:    
Noninterest-bearing 9,706,505 9,776,572
Interest-bearing 18,226,581 17,403,237
Total deposits 27,933,086 27,179,809
Other borrowings 3,900,000 3,725,000
Securities sold under repurchase agreements 233,689 309,277
Accrued interest payable 129,565 34,819
Allowance for credit losses on off-balance sheet credit exposures 37,646 36,503
Other liabilities 244,864 183,139
Total liabilities 32,478,850 31,468,547
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding  
Common stock, $1 par value; 200,000,000 shares authorized; 95,262,416 issued and outstanding at June 30, 2024; 93,722,383 shares issued and outstanding at December 31, 2023 95,263 93,723
Capital surplus 3,790,305 3,703,795
Retained earnings 3,399,462 3,283,210
Accumulated other comprehensive loss - net unrealized loss on available for sale securities, net of tax benefit of $(422) and $(372), respectively (1,586) (1,398)
Total shareholders’ equity 7,283,444 7,079,330
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 39,762,294 $ 38,547,877