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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________
FORM 10-Q
_______________________________________________
SQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2022
OR
£TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO
COMMISSION FILE NUMBER: 001-37585
_______________________________________________
Allegiance Bancshares, Inc.
(Exact name of registrant as specified in its charter)
_______________________________________________
Texas26-3564100
(State or other jurisdiction
of incorporation or organization)
(I.R.S. Employer
Identification No.)
8847 West Sam Houston Parkway, N., Suite 200
Houston, Texas 77040
(Address of principal executive offices, including zip code)
(281) 894-3200
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, par value, $1.00 per shareABTX
NASDAQ Global Market
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes S  No £
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes S  No £
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
Large accelerated filerSAccelerated filer£
Non-accelerated filer£Smaller reporting company£
Emerging growth company£
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. £
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes £ No S
As of April 26, 2022, the registrant had 20,378,054 shares common stock, $1.00 par value per share, outstanding.


ALLEGIANCE BANCSHARES, INC.
INDEX TO FORM 10-Q
March 31, 2022
2

PART I—FINANCIAL INFORMATION
ITEM 1. INTERIM CONSOLIDATED FINANCIAL STATEMENTS
ALLEGIANCE BANCSHARES, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
March 31,
2022
December 31,
2021
(Dollars in thousands, except par value)
ASSETS
Cash and due from banks$26,629 $23,961 
Interest-bearing deposits at other financial institutions672,755 733,548 
Total cash and cash equivalents699,384 757,509 
Available for sale securities, at fair value1,790,707 1,773,765 
Loans held for investment4,283,514 4,220,486 
Less: allowance for credit losses on loans(49,215)(47,940)
Loans, net4,234,299 4,172,546 
Accrued interest receivable31,505 33,392 
Premises and equipment, net62,168 63,708 
Federal Home Loan Bank stock9,376 9,358 
Bank owned life insurance28,374 28,240 
Goodwill223,642 223,642 
Core deposit intangibles, net13,907 14,658 
Other assets56,001 28,136 
TOTAL ASSETS$7,149,363 $7,104,954 
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Deposits:
Noninterest-bearing$2,353,604 $2,243,085 
Interest-bearing
Demand1,070,855 869,984 
Money market and savings1,552,853 1,643,745 
Certificates and other time1,185,015 1,290,825 
Total interest-bearing deposits3,808,723 3,804,554 
Total deposits6,162,327 6,047,639 
Accrued interest payable3,086 1,753 
Borrowed funds89,959 89,956 
Subordinated debt108,978 108,847 
Other liabilities33,073 40,291 
Total liabilities6,397,423 6,288,486 
COMMITMENTS AND CONTINGENCIES (See Note 13)
SHAREHOLDERS’ EQUITY:
Preferred stock, $1 par value; 1,000,000 shares authorized; no shares issued or outstanding
  
Common stock, $1 par value; 80,000,000 shares authorized; 20,378,116 shares
    issued and outstanding at March 31, 2022 and 20,337,220 shares issued
    and outstanding at December 31, 2021
20,378 20,337 
Capital surplus512,284 510,797 
Retained earnings282,896 267,092 
Accumulated other comprehensive (loss) income(63,618)18,242 
Total shareholders’ equity751,940 816,468 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$7,149,363 $7,104,954 
See condensed notes to interim consolidated financial statements.
3

ALLEGIANCE BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Three Months Ended March 31,
20222021
(Dollars in thousands, except per share data)
INTEREST INCOME:
Loans, including fees$52,370 $57,991 
Securities:
Taxable5,068 2,402 
Tax-exempt2,525 2,394 
Deposits in other financial institutions340 41 
Total interest income60,303 62,828 
INTEREST EXPENSE:
Demand, money market and savings deposits1,347 1,484 
Certificates and other time deposits2,156 3,665 
Borrowed funds186 539 
Subordinated debt1,442 1,442 
Total interest expense5,131 7,130 
NET INTEREST INCOME55,172 55,698 
Provision for credit losses1,814 639 
Net interest income after provision for credit losses53,358 55,059 
NONINTEREST INCOME:
Nonsufficient funds fees116 83 
Service charges on deposit accounts527 388 
Gain on sale of securities 49 
Loss on sale of other real estate and
 other repossessed assets
 (176)
Bank owned life insurance income133 139 
Debit card and ATM card income819 630 
Other2,423 623 
Total noninterest income4,018 1,736 
NONINTEREST EXPENSE:
Salaries and employee benefits22,728 22,452 
Net occupancy and equipment2,205 2,390 
Depreciation1,033 1,034 
Data processing and software amortization2,498 2,200 
Professional fees138 789 
Regulatory assessments and FDIC insurance1,261 807 
Core deposit intangibles amortization751 824 
Communications341 321 
Advertising462 298 
Other real estate expense59 113 
Acquisition and merger-related expenses451  
Other2,590 3,691 
Total noninterest expense34,517 34,919 
INCOME BEFORE INCOME TAXES22,859 21,876 
Provision for income taxes4,202 3,866 
NET INCOME$18,657 $18,010 
EARNINGS PER SHARE:
Basic$0.92 $0.89 
Diluted$0.91 $0.89 
DIVIDENDS PER SHARE$0.14 $0.12 
See condensed notes to interim consolidated financial statements.
4

ALLEGIANCE BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
Three Months Ended March 31,
20222021
(Dollars in thousands)
Net income$18,657 $18,010 
Other comprehensive loss:
Unrealized loss on securities:
Change in unrealized holding (loss) gain on available for sale securities during the period
(103,621)(14,710)
Reclassification of gain realized through the sale of securities
 (49)
Unrealized gain on cash flow hedge:
Change in fair value of cash flow hedge 1,824 
Total other comprehensive loss(103,621)(12,935)
Deferred tax benefit related to other comprehensive loss
21,761 2,717 
Other comprehensive loss, net of tax(81,860)(10,218)
Comprehensive (loss) income$(63,203)$7,792 
See condensed notes to interim consolidated financial statements.
5

ALLEGIANCE BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(Unaudited)
Common Stock Capital
Surplus
Retained
Earnings
Accumulated
Other Comprehensive
Income (Loss)
Total Shareholders’
Equity
Shares Amount
(Dollars in thousands, except per share data)
BALANCE AT DECEMBER 31, 2020
20,208,323 $20,208 $508,794 $195,236 $34,431 $758,669 
Net income18,010 18,010 
Other comprehensive loss(10,218)(10,218)
Cash dividends declared, $0.12 per share
(2,412)(2,412)
Common stock issued in connection
    with the exercise of stock options and
    restricted stock awards
135,854 136 1,191 1,327 
Repurchase of common stock(161,206)(161)(5,498)(5,659)
Stock based compensation expense820 820 
BALANCE AT MARCH 31, 2021
20,182,971 $20,183 $505,307 $210,834 $24,213 $760,537 
 
BALANCE AT DECEMBER 31, 2021
20,337,220 $20,337 $510,797 $267,092 $18,242 $816,468 
Net income18,657 18,657 
Other comprehensive loss(81,860)(81,860)
Cash dividends declared, $0.14 per share
(2,853)(2,853)
Common stock issued in connection
with the exercise of stock options
and restricted stock awards
40,896 41 528 569 
Stock based compensation expense959 959 
BALANCE AT MARCH 31, 2022
20,378,116 $20,378 $512,284 $282,896 $(63,618)$751,940 
See condensed notes to interim consolidated financial statements.
6

ALLEGIANCE BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 Three Months Ended March 31,
 20222021
 (Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$18,657 $18,010 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and core deposit intangibles amortization1,784 1,858 
Provision for credit losses1,814 639 
Deferred income tax expense (benefit)47 (1,899)
Net amortization of premium on investments2,797 1,471 
Excess tax benefit from stock based compensation(149)(251)
Bank owned life insurance income(133)(139)
Net accretion of discount on loans(77)(97)
Net amortization of discount on subordinated debt29 28 
Net accretion of discount on certificates of deposit(16)(58)
Loss on sale of other real estate and other repossessed assets 176 
Loss on write-downs of premises, equipment and other real estate 1,317 
Net gain on sale of securities (49)
Federal Home Loan Bank stock dividends(18)(19)
Stock based compensation expense959 820 
Net change in operating leases767 712 
Increase in accrued interest receivable and other assets(26,190)(8,012)
Increase in accrued interest payable and other liabilities15,785 6,739 
Net cash provided by operating activities16,056 21,246 
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal paydowns of available for sale securities640,437 1,012,785 
Proceeds from sales and calls of available for sale securities 4,898 
Purchase of available for sale securities(763,586)(1,048,261)
Net change in total loans(63,268)(167,253)
Purchase of bank premises and equipment(184)(916)
Proceeds from sale of bank premises, equipment and other real estate 8,044 
Net cash used in investing activities(186,601)(190,703)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in noninterest-bearing deposits110,519 209,554 
Net increase in interest-bearing deposits4,185 176,211 
Net paydown in borrowings under credit agreement (8,000)
Dividends paid to common shareholders(2,853)(2,412)
Proceeds from the issuance of common stock and stock option exercises569 1,327 
Repurchase of common stock (5,659)
Net cash provided by financing activities112,420 371,021 
NET CHANGE IN CASH AND CASH EQUIVALENTS(58,125)201,564 
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD757,509 422,766 
CASH AND CASH EQUIVALENTS, END OF PERIOD$699,384 $624,330 
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid$3,798 $5,969 
Cash paid for operating lease liabilities892 870 
SUPPLEMENTAL NONCASH DISCLOSURE:
Lease right-of-use asset obtained in exchange for lessee operating lease liabilities$76 $502 
Bank-financed sales of other real estate 8,125 
See condensed notes to interim consolidated financial statements.
7

ALLEGIANCE BANCSHARES, INC.
CONDENSED NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
March 31, 2022
(Unaudited)
1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES
Nature of Operations-Allegiance Bancshares, Inc. (“Allegiance”) and its wholly-owned subsidiary, Allegiance Bank, (the “Bank”, and together with Allegiance, collectively referred to as the “Company”) provide commercial and retail loans and commercial banking services. The Company derives substantially all of its revenues and income from the operation of the Bank. The Company is focused on delivering a wide variety of relationship-driven commercial banking products and community-oriented services tailored to meet the needs of small to medium-sized businesses, professionals and individual customers. The Company operated 27 full-service banking locations in the Houston region, which it defines as the Houston-The Woodlands-Sugar Land and Beaumont-Port Arthur metropolitan statistical areas, with 26 bank offices in the Houston metropolitan area and one bank office location in Beaumont, just outside of the Houston metropolitan area as of March 31, 2022. The Bank provides its customers with a variety of banking services including checking accounts, savings accounts and certificates of deposit, and its primary lending products are commercial, personal, automobile, mortgage and home improvement loans. The Bank also offers safe deposit boxes, automated teller machines, drive-through services and 24-hour depository facilities.
Basis of Presentation-The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission. Accordingly, the condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis, and all such adjustments are of a normal recurring nature. Transactions between the Company and the Bank have been eliminated. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.
Pending Merger of Equals
On November 8, 2021, Allegiance and CBTX, Inc., jointly announced that they entered into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger of equals. CBTX reported total assets of $4.49 billion as of December 31, 2021. Under the terms of the definitive merger agreement, Allegiance shareholders will receive 1.4184 shares of CBTX, Inc. common stock for each share of Allegiance common stock they own. Following the completion of the merger, we estimate that former Allegiance shareholders will own approximately 54% and former CBTX, Inc. shareholders will own approximately 46% of the combined company. The companies have submitted the required regulatory filings and, subject to satisfaction or in some cases waiver of the closing conditions, including approval of the merger agreement by both companies’ shareholders, the parties anticipate closing in the second quarter of the year. Each company has scheduled a special meeting for May 24, 2022 at which its respective shareholders will consider and vote on the merger agreement and other related matters.
Significant Accounting and Reporting Policies
The Company’s significant accounting and reporting policies can be found in Note 1 of the Company’s annual financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021.
New Accounting Standards
Newly Issued But Not Yet Effective Accounting Standards
ASU 2022-02, "Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." ASU 2022-02 eliminates the TDR accounting model for creditors that have already adopted Topic 326, which is commonly referred to as the current expected credit loss ("CECL") model. The FASB’s decision to eliminate the TDR accounting model is in response to
8

feedback that the allowance under CECL already incorporates credit losses from loans modified as TDRs and, consequently, the related accounting and disclosures – which preparers often find onerous to apply – no longer provide the same level of benefit to users. In lieu of the TDR accounting model, creditors now will apply the general loan modification guidance in Subtopic 310-20 to all loan modifications, including modifications made for borrowers experiencing financial difficulty. Under the general loan modification guidance, a modification is treated as a new loan only if the following two conditions are met: (1) the terms of the new loan are at least as favorable to the lender as the terms for comparable loans to other customers with similar collection risks; and (2) modifications to the terms of the original loan are more than minor. If either condition is not met, the modification is accounted for as the continuation of the old loan with any effect of the modification treated as a prospective adjustment to the loan’s effective interest rate. ASU 2022-02 will become effective for the Company on December 15, 2022 and is not expected to have a significant impact on the Company’s financial statements.
2. GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS
Changes in the carrying amount of the Company’s goodwill and core deposit intangible assets were as follows:
GoodwillCore Deposit
Intangibles
(Dollars in thousands)
Balance as of December 31, 2020
$223,642 $17,954 
Amortization— (3,296)
Balance as of December 31, 2021
223,642 14,658 
Amortization— (751)
Balance as of March 31, 2022
$223,642 $13,907 
Goodwill is recorded on the acquisition date of an entity. During the measurement period, the Company may record subsequent adjustments to goodwill for provisional amounts recorded at the acquisition date.
Management performs an evaluation annually, and more frequently if a triggering event occurs, of whether any impairment of the goodwill and other intangible assets has occurred. If any such impairment is determined, a write-down is recorded. As of March 31, 2022, there were no impairments recorded on goodwill and other intangible assets.
The estimated aggregate future amortization expense for core deposit intangible assets remaining as of March 31, 2022 is as follows (dollars in thousands):
Remaining 2022
$2,252 
20232,323 
20242,188 
20252,061 
20261,941 
Thereafter3,142 
Total$13,907 
9

3. SECURITIES
The amortized cost and fair value of investment securities were as follows:
March 31, 2022
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in thousands)
Available for Sale
U.S. government and agency securities$424,171 $300 $(11,376)$413,095 
Municipal securities470,404 7,449 (18,150)459,703 
Agency mortgage-backed pass-through securities322,883 102 (22,119)300,866 
Agency collateralized mortgage obligations518,067 81 (34,030)484,118 
Corporate bonds and other135,701 1,157 (3,933)132,925 
Total$1,871,226 $9,089 $(89,608)$1,790,707 
December 31, 2021
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in thousands)
Available for Sale    
U.S. government and agency securities$401,811 $414 $(1,674)$400,551 
Municipal securities468,164 30,483 (1,547)497,100 
Agency mortgage-backed pass-through securities307,097 2,075 (6,576)302,596 
Agency collateralized mortgage obligations443,277 2,026 (4,247)441,056 
Corporate bonds and other130,314 2,922 (774)132,462 
Total$1,750,663 $37,920 $(14,818)$1,773,765 
As of March 31, 2022, no allowance for credit losses has been recognized on available for sale securities in an unrealized loss position as management does not believe any of the securities are impaired due to reasons of credit quality. This is based upon the Company’s analysis of the underlying risk characteristics, including credit ratings, and other qualitative factors related to its available for sale securities and in consideration of our historical credit loss experience and internal forecasts. The issuers of these securities continue to make timely principal and interest payments under the contractual terms of the securities. Furthermore, management does not have the intent to sell any of the securities classified as available for sale in the table above and believes that it is more likely than not that we will not have to sell any such securities before a recovery of cost. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline.
10

The amortized cost and fair value of investment securities at March 31, 2022, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations at any time with or without call or prepayment penalties.
Amortized
Cost
Fair
Value
(Dollars in thousands)
Due in one year or less$5,817 $5,867 
Due after one year through five years261,665 251,280 
Due after five years through ten years158,863 157,109 
Due after ten years603,931 591,467 
Subtotal1,030,276 1,005,723 
Agency mortgage-backed pass-through securities
    and collateralized mortgage obligations
840,950 784,984 
Total$1,871,226 $1,790,707 
Securities with unrealized losses segregated by length of time such securities have been in a continuous loss position are as follows:
March 31, 2022
Less than 12 Months More than 12 Months Total
Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
(Dollars in thousands)
Available for Sale
U.S. government and agency
    securities
$360,995 $(11,376)$ $ $360,995 $(11,376)
Municipal securities223,001 (15,908)14,746 (2,242)237,747 (18,150)
Agency mortgage-backed
    pass-through securities
248,653 (17,462)38,031 (4,657)286,684 (22,119)
Agency collateralized mortgage
    obligations
462,888 (33,458)12,725 (572)475,613 (34,030)
Corporate bonds and other71,447 (3,933)  71,447 (3,933)
Total$1,366,984 $(82,137)$65,502 $(7,471)$1,432,486 $(89,608)
December 31, 2021
Less than 12 Months More than 12 Months Total
Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
Estimated
Fair Value
Unrealized
Losses
(Dollars in thousands)
Available for Sale
U.S. government and agency
    securities
$340,161 $(1,674)$ $ $340,161 $(1,674)
Municipal securities70,019 (1,185)10,435 (362)80,454 (1,547)
Agency mortgage-backed
     pass-through securities
219,610 (5,675)21,627 (901)241,237 (6,576)
Agency collateralized mortgage
     obligations
328,300 (3,994)13,820 (253)342,120 (4,247)
Corporate bonds and other38,210 (774)  38,210 (774)
Total$996,300 $(13,302)$45,882 $(1,516)$1,042,182 $(14,818)
11

There were no sales of securities for the three months ended March 31, 2022. The Company sold $4.9 million of securities recording gross gains of $49 thousand for the three months ended March 31, 2021. At March 31, 2022 and December 31, 2021, the Company did not own securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of consolidated shareholders’ equity at such respective dates.
The carrying value of pledged securities was $460.7 million at March 31, 2022 and $258.8 million at December 31, 2021, respectively. The majority of the securities were pledged to collateralize public fund deposits.
4. LOANS AND ALLOWANCE FOR CREDIT LOSSES
The loan portfolio balances, net of unearned income and fees, consist of various types of loans primarily made to borrowers located within Texas and are segregated by class of loan as follows:
March 31, 2022December 31, 2021
(Dollars in thousands)
Commercial and industrial$714,450 $693,559 
Paycheck Protection Program (PPP)78,624 145,942 
Real estate:
Commercial real estate (including multi-family residential)2,197,502 2,104,621 
Commercial real estate construction and land development453,473 439,125 
1-4 family residential (including home equity)669,306 685,071 
Residential construction136,760 117,901 
Consumer and other33,399 34,267 
Total loans4,283,514 4,220,486 
Allowance for credit losses on loans(49,215)(47,940)
Loans, net$4,234,299 $4,172,546 
Nonaccrual and Past Due Loans
An aging analysis of the recorded investment in past due loans, segregated by class of loans, is included below. The Company defines recorded investment as the outstanding loan balances including net deferred loan fees, and excluding accrued interest receivable of $24.1 million and $26.0 million as of March 31, 2022 and December 31, 2021, respectively, due to immateriality.
March 31, 2022
Loans Past Due and Still AccruingNonaccrual
Loans
Current
Loans
Total
Loans
30-89
Days
90 or More
Days
Total Past
Due Loans
(Dollars in thousands)
Commercial and industrial$3,149 $ $3,149 $7,809 $703,492 $714,450 
Paycheck Protection Program (PPP)    78,624 78,624 
Real estate:
Commercial real estate (including
     multi-family residential)
8,391  8,391 15,259 2,173,852 2,197,502 
Commercial real estate construction
    and land development
2,611  2,611  450,862 453,473 
1-4 family residential (including
    home equity)
1,539  1,539 3,065 664,702 669,306 
Residential construction2,431  2,431