Statement of Condition



Statement of Condition

June 30, 2019

Assets

2019 2018
Cash and deposits due from Banks $96,717 $92,746
Excess deposits with Federal Reserve and Federal Funds Sold $529,677 $462,532
Investment securities
U.S. Government and agency securities $224,713 $288,378
Other securities $118,947 $13,880
Total investment securities $343,660 $302,258
Loans
Commercial loans $3,241,045 $2,376,229
Installment loans $758,570 $666,824
Mortgage loans $254,403 $187,250
Other loans $2,782 $2,087
subtotal $4,256,800 $3,232,390
Less: Allowance for loan losses $(47,064) $(43,898)
Total loans, net $4,209,736 $3,188,492
Bank Premises and Equipment $81,995 $57,584
Other Assets $150,083 $38,483
TOTAL ASSETS $5,411,868 $4,142,095

Liabilities & Equity

2019 2018
LIABILITIES
Demand deposits $1,023,605 $1,110,823
Interest-bearing deposits $3,643,544 $2,389,844
Total Deposits $4,667,149 $3,500,667
Federal funds purchased $65,825 $43,550
Repurchase agreements $49,104 $32,440
Other borrowed money $6,000 $16,234
Accrued expenses and other liabilities $33,766 $22,119
Total Liabilities $4,821,844 $3,615,010
STOCKHOLDERS' EQUITY
Capital stock $5,000 $5,000
Surplus $50,000 $50,000
Undivided profits $529,319 $471,995
Accumulated other comprehensive income $5,705 $90
Total stockholders' equity $590,024 $527,085
TOTAL LIABILITIES AND EQUITY $5,411,868 $4,142,095

On March 4, Amarillo National Bank merged with Commerce 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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