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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,086,444 $ 458,153
Federal funds sold 250 260
Total cash and cash equivalents 1,086,694 458,413
Available for sale securities, at fair value 315,300 438,588
Held to maturity securities, at cost (fair value of $10,478,359 and $10,984,598, respectively) 11,985,838 12,365,308
Total securities 12,301,138 12,803,896
Loans held for sale 6,380 5,734
Loans held for investment 20,393,943 20,352,559
Loans held for investment - Warehouse Purchase Program 864,924 822,245
Total loans 21,265,247 21,180,538
Less: allowance for credit losses on loans (330,219) (332,362)
Loans, net 20,935,028 20,848,176
Accrued interest receivable 97,671 96,327
Goodwill 3,396,402 3,396,086
Core deposit intangibles, net 60,757 63,994
Bank premises and equipment, net 372,333 369,992
Other real estate owned 2,204 1,708
Bank owned life insurance (BOLI) 380,615 379,447
Federal Home Loan Bank of Dallas stock 8,750 8,750
Other assets 114,928 121,088
TOTAL ASSETS 38,756,520 38,547,877
Deposits:    
Noninterest-bearing 9,526,535 9,776,572
Interest-bearing 17,648,983 17,403,237
Total deposits 27,175,518 27,179,809
Other borrowings 3,900,000 3,725,000
Securities sold under repurchase agreements 261,671 309,277
Accrued interest payable 75,871 34,819
Allowance for credit losses on off-balance sheet credit exposures 36,503 36,503
Other liabilities 202,413 183,139
Total liabilities 31,651,976 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; 93,525,291 issued and outstanding at March 31, 2024; 93,722,383 shares issued and outstanding at December 31, 2023 93,525 93,723
Capital surplus 3,672,090 3,703,795
Retained earnings 3,341,262 3,283,210
Accumulated other comprehensive loss - net unrealized loss on available for sale securities, net of tax benefit of $(620) and $(372), respectively (2,333) (1,398)
Total shareholders’ equity 7,104,544 7,079,330
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 38,756,520 $ 38,547,877