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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,972,175 $ 458,153
Federal funds sold 292 260
Total cash and cash equivalents 1,972,467 458,413
Available for sale securities, at fair value 336,960 438,588
Held to maturity securities, at cost (fair value of $9,382,479 and $10,984,598 respectively) 10,757,464 12,365,308
Total securities 11,094,424 12,803,896
Loans held for sale 10,690 5,734
Loans held for investment 21,057,616 20,352,559
Loans held for investment - Warehouse Purchase Program 1,080,903 822,245
Total loans 22,149,209 21,180,538
Less: allowance for credit losses on loans (351,805) (332,362)
Loans, net 21,797,404 20,848,176
Accrued interest receivable 104,367 96,327
Goodwill 3,503,129 3,396,086
Core deposit intangibles, net 66,047 63,994
Bank premises and equipment, net 371,238 369,992
Other real estate owned 5,701 1,708
Bank owned life insurance (BOLI) 386,247 379,447
Federal Home Loan Bank of Dallas stock 138,200 8,750
Other assets 127,514 121,088
TOTAL ASSETS 39,566,738 38,547,877
Deposits:    
Noninterest-bearing 9,798,438 9,776,572
Interest-bearing 18,582,900 17,403,237
Total deposits 28,381,338 27,179,809
Other borrowings 3,200,000 3,725,000
Securities sold under repurchase agreements 221,913 309,277
Accrued interest payable 41,910 34,819
Allowance for credit losses on off-balance sheet credit exposures 37,646 36,503
Other liabilities 245,436 183,139
Total liabilities 32,128,243 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; 95,275,279 shares issued and outstanding at December 31, 2024; 93,722,383 shares issued and outstanding at December 31, 2023 95,276 93,723
Capital surplus 3,796,622 3,703,795
Retained earnings 3,548,221 3,283,210
Accumulated other comprehensive loss - net unrealized gain on available for sale securities, net of tax benefit of $(432) and $(372), respectively (1,624) (1,398)
Total shareholders’ equity 7,438,495 7,079,330
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 39,566,738 $ 38,547,877