Economic Reports



Economic Reports

Current Report

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Statement of Condition

September 30, 2019

Assets

2019 2018
Cash and deposits due from Banks $106,761 $91,267
Excess deposits with Federal Reserve and Federal Funds Sold $485,268 $324,375
Investment securities
U.S. Government and agency securities $174,947 $258,653
Other securities $113,895 $13,228
Total investment securities $288,842 $271,881
Loans
Commercial loans $3,295,661 $2,414,369
Installment loans $762,640 $668,779
Mortgage loans $263,947 $184,564
Other loans $2,895 $2,236
subtotal $4,325,143 $3,269,948
Less: Allowance for loan losses $(48,606) $(43,926)
Total loans, net $4,276,537 $3,226,022
Bank Premises and Equipment $83,150 $57,556
Other Assets $149,090 $40,033
TOTAL ASSETS $5,389,648 $4,011,134

Liabilities & Equity

2019 2018
LIABILITIES
Demand deposits $1,065,434 $988,323
Interest-bearing deposits $3,579,315 $2,358,385
Total Deposits $4,644,749 $3,346,708
Federal funds purchased $47,201 $45,675
Repurchase agreements $40,730 $40,140
Other borrowed money $6,000 $16,000
Accrued expenses and other liabilities $43,667 $24,689
Total Liabilities $4,782,347 $3,473,212
STOCKHOLDERS' EQUITY
Capital stock $5,000 $5,000
Surplus $50,000 $50,000
Undivided profits $545,921 $482,760
Accumulated other comprehensive income $6,380 $162
Total stockholders' equity $607,301 $537,922
TOTAL LIABILITIES AND EQUITY $5,389,648 $4,011,134

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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