Statement of Condition



Statement of Condition

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December 31, 2019

Assets (in thousands) *

2019 2018
Cash and deposits due from Banks $110,926 $96,218
Excess deposits with Federal Reserve and Federal Funds Sold $599,500 $522,065
Investment securities
U.S. Government and agency securities $175,108 $278,510
Other securities $106,019 $12,684
Total investment securities $281,127 $291,194
Loans
Commercial loans $3,537,424 $2,541,977
Installment loans $770,267 $673,623
Mortgage loans $215,176 $181,982
Other loans $5,697 $5,427
subtotal $4,528,564 $3,403,009
Less: Allowance for loan losses $(49,595) $(44,019)
Total loans, net $4,478,969 $3,358,990
Bank Premises and Equipment $84,567 $59,596
Other Assets $145,599 $39,927
TOTAL ASSETS $5,700,688 $4,367,990

Liabilities & Equity (in thousands) *

2019 2018
LIABILITIES
Demand deposits $1,216,222 $1,121,563
Interest-bearing deposits $3,704,804 $2,563,677
Total Deposits $4,921,026 $3,685,240
Federal funds purchased $86,625 $55,075
Repurchase agreements $30,170 $30,005
Other borrowed money $6,000 $16,000
Accrued expenses and other liabilities $32,307 $27,803
Total Liabilities $5,076,128 $3,814,123
STOCKHOLDERS' EQUITY
Capital stock $5,000 $5,000
Surplus $50,000 $50,000
Undivided profits $562,935 $498,130
Accumulated other comprehensive income $6,625 $737
Total stockholders' equity $624,560 $553,867
TOTAL LIABILITIES AND EQUITY $5,700,688 $4,367,990 *

* On March 4, Amarillo National Bank merged with Lubbock National Bank. The ownership structure of Amarillo National Bank was unchanged and no new debt or equity was needed to complete the purchase.



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