ABILENE, Texas, July 21, 2016 /PRNewswire/ -- First
Financial Bankshares, Inc. (NASDAQ: FFIN) today reported earnings
for the second quarter of 2016 of $26.81
million, up 5.94 percent when compared with earnings of
$25.31 million in the same quarter
last year. Basic earnings per share were $0.41 for the second quarter of 2016 compared
with $0.39 in the same quarter a year
ago.
All amounts for the second quarter ended June 30, 2016, include the results of the asset
purchase of 4Trust Mortgage, Inc. on May 31,
2015, and the acquisition of First Bank, N.A., Conroe, Texas, on July
31, 2015. As of the acquisition date, First Bank had total
gross loans of $252.46 million and
total deposits of $356.75
million.
Net interest income for the second quarter of 2016 increased
8.05 percent to $56.55 million
compared with $52.34 million in the
same quarter of 2015. The net interest margin, on a taxable
equivalent basis, was 4.12 percent compared to 4.15 percent in the
first quarter of 2016 and 4.07 percent in the second quarter of
2015. Included in interest income for the second quarter of 2016
was $621 thousand, or four basis
points in net interest margin, related to discount accretion from
fair value accounting related to the Conroe and Orange acquisitions.
The provision for loan losses was $2.06
million in the second quarter of 2016 compared with
$2.33 million in the first quarter of
2016 and $1.55 million in the second
quarter of 2015. The continued provision for loan losses in 2016
and 2015 reflects the continued levels of nonperforming and
classified assets, gross charge-offs, as well as the economic
effects related to the oil and gas industry. Nonperforming assets
as a percentage of loans and foreclosed assets totaled 1.22 percent
at June 30, 2016, compared with 0.88
percent at March 31, 2016, and 0.61
percent at June 30, 2015. The
increase in the Company's nonperforming assets as a percentage of
loans and foreclosed assets ratio at June
30, 2016, primarily resulted from the addition of one larger
commercial credit to the Company's quarter-end nonaccrual balances.
Classified loans totaled $132.67
million at June 30, 2016,
compared to $142.14 million at
March 31, 2016, and $95.77 million at June 30,
2015.
At June 30, 2016, loans with oil
and gas industry exposure totaled 2.65% of gross loans. These loans
comprised $32.67 million of the
classified loan totals and $5.76
million of the nonperforming loan totals. In addition,
$419 thousand in net charge-offs was
related to these oil and gas loans for the quarter ended
June 30, 2016. At June 30, 2016, the Company's allowance for loan
loss reserve specific to its total oil and gas loan portfolio
totaled 6.57% of total oil and gas loans.
Noninterest income increased 20.38 percent in the second quarter
of 2016 to $21.44 million compared
with $17.81 million in the same
quarter a year ago. Trust fees decreased $14
thousand to $4.73 million in
the second quarter of 2016 compared with $4.74 million in the same quarter last year due
to a $113 thousand decline in Trust
oil and gas fee income when compared to the same quarter a year
ago. This decline was mostly offset by an increase in the fair
value of Trust assets managed to $4.11
billion from $3.97 billion a
year ago. Service charges on deposits and ATM, interchange and
credit card fees increased 9.52 and 7.25 percent, respectively, to
$4.40 million and $5.84 million compared with $4.02 million and $5.45
million, respectively, in the same quarter last year
primarily due to the acquisition of First Bank and the continued
growth in net new accounts and debit cards. Real estate mortgage
fees increased 91.28 percent in the second quarter of 2016 to
$4.01 million compared with
$2.10 million in the same quarter a
year ago, primarily resulting from additional loan origination
production from the 4Trust Mortgage, Inc. asset purchase. Also
included in noninterest income during the second quarter of 2016
was a gain on sale of securities of $912
thousand.
Noninterest expense for the second quarter of 2016 totaled
$40.76 million compared to
$35.20 million in the second quarter
of 2015. The Company's efficiency ratio in the second quarter of
2016 was 48.43 percent compared with 46.46 percent in the same
quarter last year. The increase in noninterest expense in the
second quarter of 2016 was primarily a result of an increase in
salary and employee benefit costs driven by the addition of 4Trust
Mortgage Inc. and First Bank employees and annual pay
increases.
For the first half of 2016, net income increased 6.49 percent to
$52.51 million from $49.30 million for the same period a year ago.
Basic earnings per share rose to $0.80 in the first half of 2016 from $0.77 in the same period last year. Net interest
income increased 9.80 percent to $113.57
million in the first half of 2016 from $103.44 million in the same period a year ago.
The provision for loan losses totaled $4.39
million compared with $2.84
million in the first half of the previous year. Noninterest
income was $41.26 million in the
first half of 2016 compared with $33.71
million a year ago. Noninterest expense rose to $81.84 million in the first half of 2016 compared
with $69.15 million during the same
period last year.
As of June 30, 2016, consolidated
assets for the Company totaled $6.61
billion compared to $6.53
billion at March 31, 2016, and
$6.12 billion at June 30, 2015. Loans totaled $3.31 billion at June 30,
2016, compared with loans of $3.30
billion at March 31, 2016, and
$2.97 billion at June 30, 2015. Deposits totaled $5.06 billion at June 30,
2016, compared to $5.06
billion at March 31, 2016, and
$4.73 billion at June 30, 2015. Shareholders' equity rose to
$866.16 million as of June 30, 2016, compared with $838.61 million at March
31, 2016, and $701.19 million
at June 30, 2015.
"We are pleased to report another quarter of increased earnings
for our company despite the low rate environment and continued low
commodity prices," said F. Scott
Dueser, Chairman, President and CEO. "We are also excited
about the recent opening of our new state-of-the-art facility in
Fort Worth. Going forward, we will
remain diligent in our search for opportunities to maximize our
efficiencies while we continue to seek additional acquisition
opportunities for our company that will fit our culture and bring
additional earnings and increase shareholder value."
"In the first half of this year, we experienced record rainfalls
that produced flooding in some of our markets," added Dueser. "In
West Texas we were pleased that the weather patterns broke a
10-year drought and filled our lakes; however, we believe the rains
had a negative effect on our loan growth and related deposit
growth, specifically in the areas of agriculture, interim
construction loans and projects that could not be started or
advanced due to weather conditions. The cash flow in some of our
footprint has also been affected by lower cotton, cattle and oil
and gas prices, which has also hurt deposit growth."
About First Financial Bankshares
Headquartered in Abilene,
Texas, First Financial Bankshares is a financial holding
company that through its subsidiary, First Financial Bank, N.A.,
operates multiple banking regions with 69 locations in Texas including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, Fort
Worth, Glen Rose,
Granbury, Grapevine, Hereford, Huntsville, Keller, Magnolia, Mauriceville, Merkel, Midlothian, Mineral
Wells, Montgomery,
Moran, New Waverly, Newton, Odessa, Orange, Port
Arthur, Ranger,
Rising Star, Roby, San Angelo,
Southlake, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow
Park. The Company also operates First Financial Trust &
Asset Management Company, N.A., with nine locations and First
Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under
the trading symbol FFIN. For more information about First
Financial Bankshares, please visit our website at
http://www.ffin.com.
Certain statements contained herein may be considered
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These statements are based upon the
belief of the Company's management, as well as assumptions made
beyond information currently available to the Company's management,
and may be, but not necessarily are, identified by such words as
"expect", "plan", "anticipate", "target", "forecast" and
"goal". Because such "forward-looking statements" are subject
to risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from the Company's expectations include competition from
other financial institutions and financial holding companies; the
effects of and changes in trade, monetary and fiscal policies and
laws, including interest rate policies of the Federal Reserve
Board; changes in the demand for loans; fluctuations in value of
collateral and loan reserves; inflation, interest rate, market and
monetary fluctuations; changes in consumer spending, borrowing and
savings habits; and acquisitions and integration of acquired
businesses, and similar variables. Other key risks are
described in the Company's reports filed with the Securities and
Exchange Commission, which may be obtained under "Investor
Relations-Documents/Filings" on the Company's Web site or by
writing or calling the Company at 325.627.7155. Except as otherwise
stated in this news announcement, the Company does not undertake
any obligation to update publicly or revise any forward-looking
statements because of new information, future events or
otherwise.
FIRST FINANCIAL
BANKSHARES, INC.
|
CONSOLIDATED
FINANCIAL SUMMARY (UNAUDITED)
|
(In thousands,
except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of
|
|
|
|
2016
|
|
|
2015
|
|
ASSETS
|
|
|
June
30,
|
|
|
Mar.
31,
|
|
|
Dec.
31,
|
|
|
Sept.
30,
|
|
|
June
30,
|
|
Cash and due from
banks
|
$
|
135,092
|
|
$
|
139,995
|
|
$
|
179,140
|
|
$
|
133,340
|
|
$
|
149,524
|
|
Interest-bearing
deposits in banks
|
|
67,746
|
|
|
22,993
|
|
|
89,936
|
|
|
4,268
|
|
|
18,179
|
|
Interest-bearing time
deposits in banks
|
|
2,427
|
|
|
2,427
|
|
|
3,495
|
|
|
4,491
|
|
|
5,456
|
|
Fed funds
sold
|
|
2,960
|
|
|
2,660
|
|
|
3,810
|
|
|
2,790
|
|
|
5,720
|
|
Investment
securities
|
|
2,795,493
|
|
|
2,763,185
|
|
|
2,734,177
|
|
|
2,737,639
|
|
|
2,729,408
|
|
Loans
|
|
|
3,309,388
|
|
|
3,299,207
|
|
|
3,350,593
|
|
|
3,288,422
|
|
|
2,967,768
|
|
|
Allowance for loan
losses
|
|
(45,060)
|
|
|
(44,072)
|
|
|
(41,877)
|
|
|
(40,420)
|
|
|
(38,999)
|
|
Net loans
|
|
3,264,328
|
|
|
3,255,135
|
|
|
3,308,716
|
|
|
3,248,002
|
|
|
2,928,769
|
|
Premises and
equipment
|
|
122,326
|
|
|
118,208
|
|
|
115,712
|
|
|
116,803
|
|
|
104,495
|
|
Goodwill
|
|
139,971
|
|
|
139,971
|
|
|
139,971
|
|
|
139,655
|
|
|
96,632
|
|
Other intangible
assets
|
|
3,959
|
|
|
4,198
|
|
|
4,478
|
|
|
4,641
|
|
|
2,407
|
|
Other
assets
|
|
|
80,688
|
|
|
76,413
|
|
|
85,635
|
|
|
76,016
|
|
|
74,646
|
|
|
Total
assets
|
$
|
6,614,990
|
|
$
|
6,525,185
|
|
$
|
6,665,070
|
|
$
|
6,467,645
|
|
$
|
6,115,236
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing
deposits
|
$
|
1,644,812
|
|
$
|
1,654,271
|
|
$
|
1,745,952
|
|
$
|
1,720,383
|
|
$
|
1,574,745
|
|
Interest-bearing
deposits
|
|
3,411,477
|
|
|
3,409,536
|
|
|
3,444,217
|
|
|
3,376,900
|
|
|
3,152,674
|
|
|
Total
deposits
|
|
5,056,289
|
|
|
5,063,807
|
|
|
5,190,169
|
|
|
5,097,283
|
|
|
4,727,419
|
|
Borrowings
|
|
|
556,924
|
|
|
525,340
|
|
|
615,675
|
|
|
500,903
|
|
|
621,155
|
|
Other
liabilities
|
|
135,619
|
|
|
97,430
|
|
|
54,240
|
|
|
77,425
|
|
|
65,469
|
|
Shareholders'
equity
|
|
866,158
|
|
|
838,608
|
|
|
804,986
|
|
|
792,034
|
|
|
701,193
|
|
|
Total liabilities and
shareholders' equity
|
$
|
6,614,990
|
|
$
|
6,525,185
|
|
$
|
6,665,070
|
|
$
|
6,467,645
|
|
$
|
6,115,236
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended
|
|
|
|
2016
|
|
|
2015
|
|
INCOME
STATEMENTS
|
|
June
30,
|
|
|
Mar.
31,
|
|
|
Dec
31,
|
|
|
Sept.
30,
|
|
|
June
30,
|
|
Interest
income
|
$
|
57,881
|
|
$
|
58,335
|
|
$
|
59,047
|
|
$
|
57,163
|
|
$
|
53,344
|
|
Interest
expense
|
|
1,330
|
|
|
1,312
|
|
|
1,046
|
|
|
1,065
|
|
|
1,008
|
|
Net interest
income
|
|
56,551
|
|
|
57,023
|
|
|
58,001
|
|
|
56,098
|
|
|
52,336
|
|
Provision for loan
losses
|
|
2,058
|
|
|
2,328
|
|
|
4,177
|
|
|
2,664
|
|
|
1,554
|
|
Net interest income
after provision for loan losses
|
|
54,493
|
|
|
54,695
|
|
|
53,824
|
|
|
53,434
|
|
|
50,782
|
|
Noninterest
income
|
|
21,438
|
|
|
19,821
|
|
|
19,280
|
|
|
20,446
|
|
|
17,809
|
|
Noninterest
expense
|
|
40,756
|
|
|
41,081
|
|
|
40,342
|
|
|
39,973
|
|
|
35,204
|
|
|
Net income before
income taxes
|
|
35,175
|
|
|
33,435
|
|
|
32,762
|
|
|
33,907
|
|
|
33,387
|
|
Income tax
expense
|
|
8,366
|
|
|
7,739
|
|
|
7,570
|
|
|
8,021
|
|
|
8,080
|
|
|
Net income
|
$
|
26,809
|
|
$
|
25,696
|
|
$
|
25,192
|
|
$
|
25,886
|
|
$
|
25,307
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PER COMMON SHARE
DATA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income -
basic
|
$
|
0.41
|
|
$
|
0.39
|
|
$
|
0.38
|
|
$
|
0.40
|
|
$
|
0.39
|
|
Net income -
diluted
|
|
0.41
|
|
|
0.39
|
|
|
0.38
|
|
|
0.40
|
|
|
0.39
|
|
Cash dividends
declared
|
|
0.18
|
|
|
0.16
|
|
|
0.16
|
|
|
0.16
|
|
|
0.16
|
|
Book Value
|
|
13.11
|
|
|
12.70
|
|
|
12.20
|
|
|
12.01
|
|
|
10.93
|
|
Market
Value
|
$
|
32.79
|
|
$
|
29.58
|
|
$
|
30.17
|
|
$
|
31.78
|
|
$
|
34.64
|
|
Shares outstanding -
end of period
|
|
66,059,912
|
|
|
66,043,442
|
|
|
65,990,234
|
|
|
65,942,155
|
|
|
64,156,302
|
|
Average outstanding
shares - basic
|
|
66,016,562
|
|
|
65,974,559
|
|
|
65,940,127
|
|
|
65,335,457
|
|
|
64,148,356
|
|
Average outstanding
shares - diluted
|
|
66,138,275
|
|
|
66,118,998
|
|
|
66,105,098
|
|
|
65,501,697
|
|
|
64,354,720
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PERFORMANCE
RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average
assets
|
|
1.65
|
%
|
1.58
|
%
|
|
1.53
|
%
|
|
1.61
|
%
|
1.67
|
%
|
Return on average
equity
|
|
12.76
|
|
|
12.55
|
|
|
12.54
|
|
|
13.63
|
|
|
14.38
|
|
Net interest margin
(tax equivalent)
|
|
4.12
|
|
|
4.15
|
|
|
4.16
|
|
|
4.13
|
|
|
4.07
|
|
Efficiency
ratio
|
|
48.43
|
|
|
49.52
|
|
|
48.38
|
|
|
48.44
|
|
|
46.46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
|
|
|
|
|
|
|
|
|
|
June
30,
|
|
|
|
|
|
|
|
|
|
INCOME
STATEMENTS
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
$
|
116,216
|
|
$
|
105,413
|
|
|
|
|
|
|
|
|
|
|
Interest
expense
|
|
2,642
|
|
|
1,977
|
|
|
|
|
|
|
|
|
|
|
Net interest
income
|
|
113,574
|
|
|
103,436
|
|
|
|
|
|
|
|
|
|
|
Provision for loan
losses
|
|
4,386
|
|
|
2,844
|
|
|
|
|
|
|
|
|
|
|
Net interest income
after provision for loan losses
|
|
109,188
|
|
|
100,592
|
|
|
|
|
|
|
|
|
|
|
Noninterest
income
|
|
41,258
|
|
|
33,707
|
|
|
|
|
|
|
|
|
|
|
Noninterest
expense
|
|
81,836
|
|
|
69,151
|
|
|
|
|
|
|
|
|
|
|
|
Net income before
income taxes
|
|
68,610
|
|
|
65,148
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
|
16,105
|
|
|
15,845
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
$
|
52,505
|
|
$
|
49,303
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PER COMMON SHARE
DATA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income -
basic
|
$
|
0.80
|
|
$
|
0.77
|
|
|
|
|
|
|
|
|
|
|
Net income -
diluted
|
|
0.79
|
|
|
0.77
|
|
|
|
|
|
|
|
|
|
|
Cash dividends
declared
|
|
0.34
|
|
|
0.30
|
|
|
|
|
|
|
|
|
|
|
Book Value
|
|
13.11
|
|
|
10.93
|
|
|
|
|
|
|
|
|
|
|
Market
Value
|
$
|
32.79
|
|
$
|
34.64
|
|
|
|
|
|
|
|
|
|
|
Shares outstanding -
end of period
|
|
66,059,912
|
|
|
64,156,302
|
|
|
|
|
|
|
|
|
|
|
Average outstanding
shares - basic
|
|
65,995,560
|
|
|
64,135,731
|
|
|
|
|
|
|
|
|
|
|
Average outstanding
shares - diluted
|
|
66,153,579
|
|
|
64,328,672
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PERFORMANCE
RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average
assets
|
|
1.61
|
%
|
1.66
|
%
|
|
|
|
|
|
|
|
|
|
Return on average
equity
|
|
12.65
|
|
|
14.19
|
|
|
|
|
|
|
|
|
|
|
Net interest margin
(tax equivalent)
|
|
4.14
|
|
|
4.09
|
|
|
|
|
|
|
|
|
|
|
Efficiency
ratio
|
|
48.97
|
|
|
46.73
|
|
|
|
|
|
|
|
|
|
|
FIRST FINANCIAL
BANKSHARES, INC.
|
SELECTED FINANCIAL
DATA (UNAUDITED)
|
(In
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended
|
|
|
|
2016
|
|
|
2015
|
|
ALLOWANCE FOR LOAN
LOSSES
|
|
June
30,
|
|
|
Mar.
31,
|
|
|
Dec.
31,
|
|
|
Sept.
30,
|
|
|
June
30,
|
|
Balance at beginning
of period
|
$
|
44,072
|
|
$
|
41,877
|
|
$
|
40,420
|
|
$
|
38,999
|
|
$
|
37,828
|
|
Loans charged
off
|
|
(1,888)
|
|
|
(1,782)
|
|
|
(3,110)
|
|
|
(1,477)
|
|
|
(943)
|
|
Loan
recoveries
|
|
818
|
|
|
1,649
|
|
|
390
|
|
|
234
|
|
|
560
|
|
Net recoveries
(charge-offs)
|
|
(1,070)
|
|
|
(133)
|
|
|
(2,720)
|
|
|
(1,243)
|
|
|
(383)
|
|
Provision for loan
losses
|
|
2,058
|
|
|
2,328
|
|
|
4,177
|
|
|
2,664
|
|
|
1,554
|
|
Balance at end of
period
|
$
|
45,060
|
|
$
|
44,072
|
|
$
|
41,877
|
|
$
|
40,420
|
|
$
|
38,999
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses / period-end
loans
|
|
1.36
|
%
|
|
1.34
|
%
|
|
1.25
|
%
|
|
1.23
|
%
|
|
1.31
|
%
|
Allowance for loan losses / nonperforming
loans
|
|
112.36
|
|
|
156.24
|
|
|
143.70
|
|
|
183.39
|
|
|
228.20
|
|
Net charge-offs / average
loans (annualized)
|
|
0.13
|
|
|
0.02
|
|
|
0.33
|
|
|
0.16
|
|
|
0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY OF LOAN
CLASSIFICATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Special
Mention
|
$
|
26,125
|
|
$
|
31,486
|
|
$
|
40,576
|
|
$
|
43,284
|
|
$
|
47,409
|
|
Substandard
|
|
106,540
|
|
|
110,657
|
|
|
108,813
|
|
|
68,772
|
|
|
48,317
|
|
Doubtful
|
|
-
|
|
|
-
|
|
|
37
|
|
|
62
|
|
|
43
|
|
|
Total classified
loans
|
$
|
132,665
|
|
$
|
142,143
|
|
$
|
149,426
|
|
$
|
112,118
|
|
$
|
95,769
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONPERFORMING
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual
loans
|
$
|
38,904
|
|
$
|
27,175
|
|
$
|
28,601
|
|
$
|
21,788
|
|
$
|
16,854
|
|
Accruing troubled
debt restructured loans
|
|
961
|
|
|
973
|
|
|
199
|
|
|
204
|
|
|
172
|
|
Accruing loans 90
days past due
|
|
237
|
|
|
59
|
|
|
341
|
|
|
49
|
|
|
64
|
|
|
Total nonperforming
loans
|
|
40,102
|
|
|
28,207
|
|
|
29,141
|
|
|
22,041
|
|
|
17,090
|
|
Foreclosed
assets
|
|
285
|
|
|
821
|
|
|
627
|
|
|
701
|
|
|
1,045
|
|
|
Total nonperforming
assets
|
$
|
40,387
|
|
$
|
29,028
|
|
$
|
29,768
|
|
$
|
22,742
|
|
$
|
18,135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As a % of loans and
foreclosed assets
|
|
1.22
|
%
|
|
0.88
|
%
|
|
0.89
|
%
|
|
0.69
|
%
|
|
0.61
|
%
|
As a % of end of
period total assets
|
|
0.61
|
|
|
0.44
|
|
|
0.45
|
|
|
0.35
|
|
|
0.30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OIL AND GAS
PORTFOLIO INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil and gas
loans
|
$
|
87,857
|
|
$
|
92,058
|
|
$
|
96,712
|
|
$
|
92,382
|
|
$
|
82,498
|
|
Oil and gas loans as
a % of total loans
|
|
2.65
|
%
|
2.79
|
%
|
|
2.89
|
%
|
|
2.81
|
%
|
2.78
|
%
|
Classified oil and
gas loans
|
|
32,674
|
|
|
36,402
|
|
|
34,506
|
|
|
30,028
|
|
|
26,016
|
|
Nonaccrual oil and
gas loans
|
|
5,763
|
|
|
4,917
|
|
|
5,404
|
|
|
2,589
|
|
|
481
|
|
Net charge-offs for
oil and gas loans
|
|
419
|
|
|
517
|
|
|
1,370
|
|
|
567
|
|
|
-
|
|
Allowance for oil and
gas loans as a % of oil and gas loans
|
|
6.57
|
%
|
7.37
|
%
|
|
6.35
|
%
|
|
6.48
|
%
|
5.63
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL
RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common equity Tier 1
capital ratio
|
|
16.64
|
%
|
|
16.46
|
%
|
|
15.90
|
%
|
|
15.73
|
%
|
|
16.25
|
%
|
Tier 1 capital
ratio
|
|
16.64
|
|
|
16.46
|
|
|
15.90
|
|
|
15.73
|
|
|
16.25
|
|
Total capital
ratio
|
|
17.79
|
|
|
17.60
|
|
|
16.97
|
|
|
16.78
|
|
|
17.36
|
|
Tier 1
leverage
|
|
10.50
|
|
|
10.23
|
|
|
9.96
|
|
|
9.96
|
|
|
9.84
|
|
Equity to
assets
|
|
13.09
|
|
|
12.85
|
|
|
12.08
|
|
|
12.25
|
|
|
11.47
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter
Ended
|
|
|
|
2016
|
|
|
2015
|
|
NONINTEREST
INCOME
|
|
June
30,
|
|
|
Mar.
31,
|
|
|
Dec.
31,
|
|
|
Sept.
30,
|
|
|
June
30,
|
|
Trust fees
|
$
|
4,726
|
|
$
|
4,655
|
|
$
|
4,961
|
|
$
|
4,818
|
|
$
|
4,740
|
|
Service charges on
deposits
|
|
4,404
|
|
|
4,413
|
|
|
4,730
|
|
|
4,653
|
|
|
4,021
|
|
ATM, interchange and
credit card fees
|
|
5,840
|
|
|
5,680
|
|
|
5,651
|
|
|
5,794
|
|
|
5,445
|
|
Real estate mortgage
fees
|
|
4,013
|
|
|
3,139
|
|
|
3,088
|
|
|
3,742
|
|
|
2,098
|
|
Net gain (loss) on
sale of available-for-sale securities
|
|
912
|
|
|
2
|
|
|
51
|
|
|
136
|
|
|
239
|
|
Net gain (loss) on
sale of foreclosed assets
|
|
278
|
|
|
76
|
|
|
528
|
|
|
28
|
|
|
(49)
|
|
Net gain (loss) on
sale of assets
|
|
(74)
|
|
|
513
|
|
|
(809)
|
|
|
(11)
|
|
|
(4)
|
|
Interest on loan
recoveries
|
|
629
|
|
|
633
|
|
|
216
|
|
|
323
|
|
|
403
|
|
Other noninterest
income
|
|
710
|
|
|
710
|
|
|
864
|
|
|
963
|
|
|
916
|
|
|
Total noninterest
income
|
$
|
21,438
|
|
$
|
19,821
|
|
$
|
19,280
|
|
$
|
20,446
|
|
$
|
17,809
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONINTEREST
EXPENSE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaries and employee
benefits, excluding profit sharing
|
$
|
22,038
|
|
$
|
21,545
|
|
$
|
20,647
|
|
$
|
20,007
|
|
$
|
17,865
|
|
Profit sharing
expense
|
|
109
|
|
|
1,045
|
|
|
1,265
|
|
|
1,641
|
|
|
1,308
|
|
Net occupancy
expense
|
|
2,583
|
|
|
2,631
|
|
|
2,674
|
|
|
3,050
|
|
|
2,394
|
|
Equipment
expense
|
|
3,386
|
|
|
3,380
|
|
|
3,218
|
|
|
3,114
|
|
|
2,992
|
|
FDIC insurance
premiums
|
|
818
|
|
|
824
|
|
|
837
|
|
|
819
|
|
|
749
|
|
ATM, interchange and
credit card expenses
|
|
1,806
|
|
|
1,687
|
|
|
1,540
|
|
|
1,509
|
|
|
1,609
|
|
Legal, tax and
professional fees
|
|
2,108
|
|
|
2,209
|
|
|
2,037
|
|
|
1,497
|
|
|
1,701
|
|
Audit
fees
|
|
400
|
|
|
449
|
|
|
359
|
|
|
444
|
|
|
372
|
|
Printing, stationery
and supplies
|
|
464
|
|
|
503
|
|
|
617
|
|
|
594
|
|
|
471
|
|
Amortization of
intangible assets
|
|
199
|
|
|
199
|
|
|
199
|
|
|
200
|
|
|
72
|
|
Advertising and
public relations
|
|
1,537
|
|
|
1,444
|
|
|
1,481
|
|
|
1,564
|
|
|
1,484
|
|
Correspondent bank
service charges
|
|
239
|
|
|
247
|
|
|
239
|
|
|
238
|
|
|
225
|
|
Other noninterest
expense
|
|
5,069
|
|
|
4,918
|
|
|
5,229
|
|
|
5,296
|
|
|
3,962
|
|
|
Total noninterest
expense
|
$
|
40,756
|
|
$
|
41,081
|
|
$
|
40,342
|
|
$
|
39,973
|
|
$
|
35,204
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TAX EQUIVALENT
YIELD ADJUSTMENT
|
$
|
6,168
|
|
$
|
6,115
|
|
$
|
6,111
|
|
$
|
5,984
|
|
$
|
5,635
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
|
|
|
|
|
|
|
|
|
|
June
30,
|
|
|
|
|
|
|
|
|
|
NONINTEREST
INCOME
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
Trust fees
|
$
|
9,380
|
|
$
|
9,472
|
|
|
|
|
|
|
|
|
|
|
Service charges on
deposits
|
|
8,818
|
|
|
7,789
|
|
|
|
|
|
|
|
|
|
|
ATM, interchange and
credit card fees
|
|
11,521
|
|
|
10,415
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage
fees
|
|
7,153
|
|
|
3,580
|
|
|
|
|
|
|
|
|
|
|
Net gain (loss) on
sale of available-for-sale securities
|
|
914
|
|
|
244
|
|
|
|
|
|
|
|
|
|
|
Net gain (loss) on
sale of foreclosed assets
|
|
353
|
|
|
(19)
|
|
|
|
|
|
|
|
|
|
|
Net gain (loss) on
sale of assets
|
|
439
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
Interest on loan
recoveries
|
|
1,261
|
|
|
510
|
|
|
|
|
|
|
|
|
|
|
Other noninterest
income
|
|
1,419
|
|
|
1,715
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest
income
|
$
|
41,258
|
|
$
|
33,707
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONINTEREST
EXPENSE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaries and employee
benefits, excluding profit sharing
|
$
|
43,583
|
|
$
|
34,889
|
|
|
|
|
|
|
|
|
|
|
Profit sharing
expense
|
|
1,154
|
|
|
2,549
|
|
|
|
|
|
|
|
|
|
|
Net occupancy
expense
|
|
5,214
|
|
|
4,590
|
|
|
|
|
|
|
|
|
|
|
Equipment
expense
|
|
6,766
|
|
|
5,891
|
|
|
|
|
|
|
|
|
|
|
FDIC insurance
premiums
|
|
1,642
|
|
|
1,498
|
|
|
|
|
|
|
|
|
|
|
ATM, interchange and
credit card expenses
|
|
3,492
|
|
|
3,335
|
|
|
|
|
|
|
|
|
|
|
Legal, tax and
professional fees
|
|
4,318
|
|
|
3,398
|
|
|
|
|
|
|
|
|
|
|
Audit
fees
|
|
850
|
|
|
752
|
|
|
|
|
|
|
|
|
|
|
Printing, stationery
and supplies
|
|
967
|
|
|
1,067
|
|
|
|
|
|
|
|
|
|
|
Amortization of
intangible assets
|
|
398
|
|
|
162
|
|
|
|
|
|
|
|
|
|
|
Advertising and
public relations
|
|
2,982
|
|
|
2,837
|
|
|
|
|
|
|
|
|
|
|
Correspondent bank
service charges
|
|
486
|
|
|
447
|
|
|
|
|
|
|
|
|
|
|
Other noninterest
expense
|
|
9,984
|
|
|
7,736
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest
expense
|
$
|
81,836
|
|
$
|
69,151
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TAX EQUIVALENT
YIELD ADJUSTMENT
|
$
|
12,284
|
|
$
|
10,847
|
|
|
|
|
|
|
|
|
|
|
FIRST FINANCIAL
BANKSHARES, INC.
|
SELECTED FINANCIAL
DATA (UNAUDITED)
|
(In
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
Three Months
Ended
|
|
|
June 30,
2016
|
|
|
|
Mar. 31,
2016
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
Interest-earning
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fed funds
sold
|
$
|
5,701
|
|
$
|
6
|
|
|
0.44
|
%
|
|
|
|
$
|
7,534
|
|
$
|
9
|
|
|
0.50
|
%
|
Interest-bearing deposits in nonaffiliated banks
|
|
37,159
|
|
|
57
|
|
|
0.61
|
|
|
|
|
|
40,239
|
|
|
51
|
|
|
0.51
|
|
Taxable
securities
|
|
1,349,325
|
|
|
7,130
|
|
|
2.11
|
|
|
|
|
|
1,323,606
|
|
|
7,262
|
|
|
2.19
|
|
Tax exempt
securities
|
|
1,439,575
|
|
|
16,446
|
|
|
4.57
|
|
|
|
|
|
1,428,178
|
|
|
16,326
|
|
|
4.57
|
|
Loans
|
|
3,295,557
|
|
|
40,410
|
|
|
4.93
|
|
|
|
|
|
3,312,664
|
|
|
40,802
|
|
|
4.95
|
|
Total
interest-earning assets
|
|
6,127,317
|
|
$
|
64,049
|
|
|
4.20
|
%
|
|
|
|
|
6,112,221
|
|
$
|
64,450
|
|
|
4.24
|
%
|
Noninterest-earning
assets
|
|
416,414
|
|
|
|
|
|
|
|
|
|
|
|
432,862
|
|
|
|
|
|
|
|
|
Total
assets
|
$
|
6,543,731
|
|
|
|
|
|
|
|
|
|
|
$
|
6,545,083
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
$
|
3,388,572
|
|
$
|
1,033
|
|
|
0.12
|
%
|
|
|
|
$
|
3,445,622
|
|
$
|
1,052
|
|
|
0.12
|
%
|
Fed funds
purchased and other borrowings
|
|
587,981
|
|
|
297
|
|
|
0.20
|
|
|
|
|
|
562,569
|
|
|
260
|
|
|
0.19
|
|
Total
interest-bearing liabilities
|
|
3,976,553
|
|
$
|
1,330
|
|
|
0.14
|
%
|
|
|
|
|
4,008,191
|
|
$
|
1,312
|
|
|
0.13
|
%
|
Noninterest-bearing
liabilities
|
1,722,037
|
|
|
|
|
|
|
|
|
|
|
|
1,713,122
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
845,141
|
|
|
|
|
|
|
|
|
|
|
|
823,770
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
$
|
6,543,731
|
|
|
|
|
|
|
|
|
|
|
$
|
6,545,083
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
and margin (tax equivalent)
|
|
|
|
$
|
62,719
|
|
|
4.12
|
%
|
|
|
|
|
|
|
$
|
63,138
|
|
|
4.15
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
Three Months
Ended
|
|
|
Dec. 31,
2015
|
|
|
|
Sept. 30,
2015
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
Interest-earning
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fed funds
sold
|
$
|
5,769
|
|
$
|
4
|
|
|
0.31
|
%
|
|
|
|
$
|
8,334
|
|
$
|
8
|
|
|
0.40
|
%
|
Interest-bearing deposits in nonaffiliated banks
|
|
32,937
|
|
|
33
|
|
|
0.40
|
|
|
|
|
|
42,083
|
|
|
33
|
|
|
0.31
|
|
Taxable
securities
|
|
1,352,555
|
|
|
7,170
|
|
|
2.12
|
|
|
|
|
|
1,372,834
|
|
|
7,296
|
|
|
2.13
|
|
Tax exempt
securities
|
|
1,408,410
|
|
|
16,305
|
|
|
4.63
|
|
|
|
|
|
1,376,119
|
|
|
16,021
|
|
|
4.66
|
|
Loans
|
|
3,309,685
|
|
|
41,646
|
|
|
4.99
|
|
|
|
|
|
3,161,229
|
|
|
39,789
|
|
|
4.99
|
|
Total
interest-earning assets
|
|
6,109,356
|
|
$
|
65,158
|
|
|
4.23
|
%
|
|
|
|
|
5,960,599
|
|
$
|
63,147
|
|
|
4.20
|
%
|
Noninterest-earning
assets
|
|
427,018
|
|
|
|
|
|
|
|
|
|
|
|
402,174
|
|
|
|
|
|
|
|
|
Total
assets
|
$
|
6,536,374
|
|
|
|
|
|
|
|
|
|
|
$
|
6,362,773
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
$
|
3,391,514
|
|
$
|
882
|
|
|
0.10
|
%
|
|
|
|
$
|
3,295,411
|
|
$
|
932
|
|
|
0.11
|
%
|
Fed funds
purchased and other borrowings
|
|
575,861
|
|
|
164
|
|
|
0.11
|
|
|
|
|
|
572,431
|
|
|
133
|
|
|
0.09
|
|
Total
interest-bearing liabilities
|
|
3,967,375
|
|
$
|
1,046
|
|
|
0.10
|
%
|
|
|
|
|
3,867,842
|
|
$
|
1,065
|
|
|
0.11
|
%
|
Noninterest-bearing
liabilities
|
1,772,060
|
|
|
|
|
|
|
|
|
|
|
|
1,741,319
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
796,939
|
|
|
|
|
|
|
|
|
|
|
|
753,612
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
$
|
6,536,374
|
|
|
|
|
|
|
|
|
|
|
$
|
6,362,773
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
and margin (tax equivalent)
|
|
|
|
$
|
64,112
|
|
|
4.16
|
%
|
|
|
|
|
|
|
$
|
62,082
|
|
|
4.13
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-earning
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fed funds
sold
|
|
$
|
10,391
|
|
$
|
10
|
|
|
0.37
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing deposits in nonaffiliated banks
|
|
34,633
|
|
|
40
|
|
|
0.47
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable
securities
|
|
1,425,744
|
|
|
7,398
|
|
|
2.08
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax exempt
securities
|
|
1,294,809
|
|
|
15,108
|
|
|
4.67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
2,954,502
|
|
|
36,423
|
|
|
4.94
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
interest-earning assets
|
|
5,720,079
|
|
$
|
58,979
|
|
|
4.14
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-earning
assets
|
|
351,223
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
assets
|
$
|
6,071,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
$
|
3,177,999
|
|
$
|
902
|
|
|
0.11
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
Fed funds
purchased and other borrowings
|
|
558,367
|
|
|
106
|
|
|
0.08
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
interest-bearing liabilities
|
|
3,736,366
|
|
$
|
1,008
|
|
|
0.11
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing
liabilities
|
1,628,847
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
706,089
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
$
|
6,071,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
and margin (tax equivalent)
|
|
|
|
$
|
57,971
|
|
|
4.07
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
|
|
Six Months
Ended
|
|
|
June 30,
2016
|
|
|
|
June 30,
2015
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
|
Average
|
|
|
Tax
Equivalent
|
|
|
Yield
/
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
|
|
|
|
Balance
|
|
|
Interest
|
|
|
Rate
|
|
Interest-earning
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fed funds
sold
|
$
|
6,618
|
|
$
|
16
|
|
|
0.48
|
%
|
|
|
|
$
|
8,589
|
|
$
|
14
|
|
|
0.33
|
%
|
Interest-bearing deposits in nonaffiliated banks
|
|
38,699
|
|
|
108
|
|
|
0.56
|
|
|
|
|
|
62,063
|
|
|
115
|
|
|
0.38
|
|
Taxable
securities
|
|
1,336,466
|
|
|
14,392
|
|
|
2.15
|
|
|
|
|
|
1,379,664
|
|
|
15,208
|
|
|
2.20
|
|
Tax exempt
securities
|
|
1,433,877
|
|
|
32,772
|
|
|
4.57
|
|
|
|
|
|
1,243,575
|
|
|
29,081
|
|
|
4.68
|
|
Loans
|
|
3,304,111
|
|
|
81,212
|
|
|
4.94
|
|
|
|
|
|
2,943,216
|
|
|
71,842
|
|
|
4.92
|
|
Total
interest-earning assets
|
|
6,119,771
|
|
$
|
128,500
|
|
|
4.22
|
%
|
|
|
|
|
5,637,107
|
|
$
|
116,260
|
|
|
4.16
|
%
|
Noninterest-earning
assets
|
|
424,636
|
|
|
|
|
|
|
|
|
|
|
|
357,185
|
|
|
|
|
|
|
|
|
Total
assets
|
$
|
6,544,407
|
|
|
|
|
|
|
|
|
|
|
$
|
5,994,292
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
$
|
3,417,096
|
|
$
|
2,085
|
|
|
0.12
|
%
|
|
|
|
$
|
3,199,655
|
|
$
|
1,829
|
|
|
0.12
|
%
|
Fed funds
purchased and other short term borrowings
|
|
575,275
|
|
|
557
|
|
|
0.19
|
|
|
|
|
|
473,760
|
|
|
148
|
|
|
0.06
|
|
Total
interest-bearing liabilities
|
|
3,992,371
|
|
$
|
2,642
|
|
|
0.14
|
%
|
|
|
|
|
3,673,415
|
|
$
|
1,977
|
|
|
0.11
|
%
|
Noninterest-bearing
liabilities
|
1,717,581
|
|
|
|
|
|
|
|
|
|
|
|
1,620,187
|
|
|
|
|
|
|
|
Shareholders'
equity
|
|
834,455
|
|
|
|
|
|
|
|
|
|
|
|
700,690
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
$
|
6,544,407
|
|
|
|
|
|
|
|
|
|
|
$
|
5,994,292
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
and margin (tax equivalent)
|
|
|
|
$
|
125,858
|
|
|
4.14
|
%
|
|
|
|
|
|
|
$
|
114,283
|
|
|
4.09
|
%
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/first-financial-bankshares-announces-second-quarter-2016-earnings-results-300302368.html
SOURCE First Financial Bankshares, Inc.