10-Q
Q2--12-31false4700000360290000036029ffin:ResidentialMemberus-gaap:SpecialMentionMember2022-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMember2022-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMember2021-06-300000036029us-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:FarmMember2021-12-310000036029us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:PassMemberffin:OwnerOccupiedCreMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:AdditionalPaidInCapitalMember2021-01-012021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:EmployeeMemberus-gaap:RestrictedStockUnitsRSUMember2022-01-012022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:CommonStockMember2021-07-282022-06-300000036029us-gaap:CorporateDebtSecuritiesMember2021-12-310000036029us-gaap:UncollateralizedMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:UncollateralizedMemberffin:AgriculturalPortfolioSegmentMember2021-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:TreasuryStockMember2022-04-012022-06-300000036029ffin:ConstructionAndDevelopmentMember2022-01-012022-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:SubstandardMember2021-06-300000036029ffin:NonAutoMember2022-04-012022-06-300000036029us-gaap:SpecialMentionMemberffin:CAndIMember2022-06-300000036029us-gaap:SubstandardMember2021-12-310000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300000036029us-gaap:PassMemberffin:CAndIMember2021-12-310000036029ffin:FarmMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:ConstructionAndDevelopmentMember2022-06-300000036029ffin:ResidentialMember2021-04-012021-06-300000036029us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-06-300000036029us-gaap:PassMemberffin:OwnerOccupiedCreMember2021-12-310000036029srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2022-06-300000036029us-gaap:SubstandardMemberffin:MuncipalMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:AgriculturalPortfolioSegmentMember2021-12-310000036029us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000036029ffin:ExecutivesAndOtherOfficersMembersrt:MinimumMemberus-gaap:PerformanceSharesMember2022-01-012022-06-300000036029ffin:FarmMemberus-gaap:PassMember2021-12-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-06-300000036029us-gaap:PassMemberffin:NonOwnerOccupiedCreMember2021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:SubstandardMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMember2021-12-310000036029us-gaap:RetainedEarningsMember2021-06-300000036029us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:FederalHomeLoanBankBorrowingsMember2022-06-300000036029ffin:CAndIMemberus-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000036029us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-01-012021-12-310000036029us-gaap:UnfundedLoanCommitmentMember2021-01-012021-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:NonOwnerOccupiedCreMember2021-01-012021-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:CombinedRateAndMaturityMemberffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:SubstandardMember2021-06-300000036029ffin:NonOwnerOccupiedCreMember2021-03-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberffin:AgriculturalPortfolioSegmentMember2022-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029us-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:TreasuryStockMember2020-12-310000036029us-gaap:UncollateralizedMemberffin:AgriculturalPortfolioSegmentMember2021-12-310000036029us-gaap:SpecialMentionMemberffin:OwnerOccupiedCreMember2021-06-300000036029us-gaap:SpecialMentionMemberffin:OwnerOccupiedCreMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:CommercialMortgageBackedSecuritiesMember2022-06-300000036029us-gaap:FinancialAssetNotPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:SpecialMentionMemberffin:AutoMember2022-06-300000036029us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000036029ffin:AutoMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:RestrictedStockMember2022-06-300000036029ffin:AgriculturalPortfolioSegmentMember2021-03-310000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:CAndIMemberus-gaap:SubstandardMember2022-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-3000000360292022-01-012022-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2021-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000036029ffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2022-01-012022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:CAndIMember2021-01-012021-06-300000036029us-gaap:UncollateralizedMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMemberffin:AgriculturalPortfolioSegmentMember2022-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2022-04-012022-06-300000036029us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:UncollateralizedMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029ffin:EmployeeMemberus-gaap:PerformanceSharesMember2021-04-012021-06-300000036029ffin:ResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029ffin:FarmMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:CombinedRateAndMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029ffin:FarmMemberus-gaap:PassMember2021-06-300000036029ffin:CAndIMember2021-04-012021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:SpecialMentionMemberffin:MuncipalMember2022-06-300000036029ffin:OwnerOccupiedCreMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029ffin:ConstructionAndDevelopmentMember2022-03-310000036029ffin:OwnerOccupiedCreMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029ffin:AutoMemberus-gaap:SubstandardMember2021-06-300000036029us-gaap:RestrictedStockUnitsRSUMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:RetainedEarningsMember2022-04-012022-06-300000036029ffin:ResidentialMember2022-03-310000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:PassMemberffin:AutoMember2021-12-310000036029us-gaap:AdditionalPaidInCapitalMember2022-03-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-01-012021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:CollateralPledgedMember2022-06-300000036029ffin:FarmMember2021-04-012021-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000036029us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:CombinedRateAndMaturityMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029us-gaap:TreasuryStockMember2022-03-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029ffin:CAndIMember2022-01-012022-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029us-gaap:ResidentialMortgageBackedSecuritiesMember2021-06-300000036029us-gaap:AdditionalPaidInCapitalMember2020-12-310000036029us-gaap:TreasuryStockMember2021-03-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029us-gaap:InterestRateLockCommitmentsMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2022-06-300000036029us-gaap:SpecialMentionMember2021-12-310000036029us-gaap:SpecialMentionMemberffin:OwnerOccupiedCreMember2022-06-300000036029us-gaap:PassMemberffin:MuncipalMember2022-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029us-gaap:TreasuryStockMember2022-06-300000036029ffin:FarmMemberus-gaap:SubstandardMember2021-12-310000036029us-gaap:RestrictedStockMembersrt:DirectorMember2021-04-012021-06-300000036029ffin:OwnerOccupiedCreMember2022-04-012022-06-300000036029ffin:OwnerOccupiedCreMember2020-12-310000036029ffin:ConstructionAndDevelopmentMember2020-12-310000036029us-gaap:SubstandardMemberffin:MuncipalMember2022-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-06-300000036029ffin:AutoMember2021-01-012021-06-300000036029us-gaap:PassMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029ffin:MuncipalMember2022-04-012022-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029us-gaap:ExtendedMaturityMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300000036029srt:MinimumMember2022-06-300000036029ffin:AutoMember2021-04-012021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300000036029ffin:NonOwnerOccupiedCreMember2021-06-300000036029us-gaap:UncollateralizedMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:ResidentialMemberus-gaap:PassMember2021-12-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000036029ffin:AutoMember2021-03-310000036029us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:AutoMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:USTreasurySecuritiesMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:TreasuryStockMember2021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:SubstandardMemberffin:AgriculturalPortfolioSegmentMember2021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:ResidentialMember2021-03-310000036029us-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2022-06-300000036029ffin:ConstructionAndDevelopmentMember2022-04-012022-06-300000036029ffin:MuncipalMember2021-01-012021-06-300000036029ffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:CommonStockMember2022-01-012022-06-300000036029ffin:TwoThousandTwentyOneOmnibusStockAndIncentivePlanMember2021-04-270000036029ffin:CombinedRateAndMaturityMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029ffin:AutoMemberffin:FinancingReceivables15To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:ResidentialMemberus-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029ffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:NonAutoMember2022-03-310000036029ffin:MuncipalMember2022-03-310000036029us-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-01-012022-06-300000036029ffin:CombinedRateAndMaturityMemberus-gaap:ConsumerPortfolioSegmentMember2021-04-012021-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:ResidentialMember2021-12-310000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029us-gaap:CommonStockMember2020-12-310000036029ffin:CombinedRateAndMaturityMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-06-300000036029srt:MaximumMember2022-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:UnfundedLoanCommitmentMember2021-04-012021-06-300000036029us-gaap:PerformanceSharesMember2022-01-012022-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029ffin:MuncipalMember2021-03-310000036029ffin:FarmMemberus-gaap:PassMember2022-06-300000036029ffin:OwnerOccupiedCreMember2021-12-310000036029ffin:FairValueInputsLevel1AndLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-06-300000036029ffin:CAndIMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:OwnerOccupiedCreMember2022-03-310000036029ffin:CAndIMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029us-gaap:CollateralPledgedMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:AdditionalPaidInCapitalMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMemberffin:MuncipalMember2021-12-310000036029us-gaap:FinancialAssetNotPastDueMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300000036029ffin:AgriculturalPortfolioSegmentMember2022-04-012022-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2022-01-012022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMember2022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029us-gaap:UncollateralizedMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:FinancingReceivables15To59DaysPastDueMemberffin:AgriculturalPortfolioSegmentMember2021-12-310000036029ffin:NonOwnerOccupiedCreMember2021-04-012021-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMemberffin:MuncipalMember2022-06-300000036029us-gaap:FinancialAssetPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:AutoMember2022-06-300000036029us-gaap:CommitmentsToExtendCreditMember2022-06-3000000360292022-04-012022-06-300000036029us-gaap:CollateralPledgedMember2021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:FairValueInputsLevel1AndLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-300000036029us-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:AutoMember2021-06-300000036029ffin:EmployeeMemberus-gaap:PerformanceSharesMember2022-01-012022-06-300000036029ffin:OwnerOccupiedCreMember2021-04-012021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-06-300000036029us-gaap:PassMemberffin:CAndIMember2022-06-300000036029us-gaap:RestrictedStockMember2021-06-300000036029us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:RestrictedStockUnitsRSUMember2021-12-310000036029us-gaap:EmployeeStockOptionMember2022-01-012022-06-300000036029ffin:AutoMemberus-gaap:SubstandardMember2021-12-310000036029us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-300000036029ffin:FarmMember2021-01-012021-06-300000036029ffin:ResidentialMemberus-gaap:SubstandardMember2021-06-300000036029us-gaap:PerformanceSharesMember2021-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000036029us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:TwoThousandTwentyOneOmnibusStockAndIncentivePlanMember2022-06-300000036029ffin:ResidentialMemberus-gaap:PassMember2022-06-300000036029ffin:AutoMemberffin:FinancingReceivables15To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000036029ffin:ResidentialMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:RetainedEarningsMember2021-01-012021-06-300000036029ffin:AgriculturalPortfolioSegmentMember2021-06-3000000360292021-01-012021-06-300000036029us-gaap:RestrictedStockMembersrt:DirectorMember2021-01-012021-06-300000036029us-gaap:GeographicConcentrationRiskMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberffin:SecuritiesAvailableForSaleMemberstpr:TX2022-01-012022-06-300000036029us-gaap:ResidentialMortgageBackedSecuritiesMember2021-12-310000036029ffin:ResidentialMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:SpecialMentionMemberffin:AutoMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:SubstandardMember2022-06-300000036029ffin:ResidentialMemberus-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029ffin:AutoMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:RestrictedStockMember2021-01-012021-06-300000036029ffin:ConstructionAndDevelopmentMember2021-01-012021-06-300000036029us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:TwoThousandTwentyOnePlanMember2022-01-012022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:FinancialAssetPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:PassMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029ffin:CAndIMember2022-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:ConsumerPortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:FinancialAssetPastDueMember2022-06-300000036029us-gaap:UncollateralizedMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:MuncipalMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberffin:MuncipalMember2022-06-300000036029ffin:AutoMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:ResidentialMemberffin:CombinedRateAndMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:AdditionalPaidInCapitalMember2021-03-310000036029ffin:NonAutoMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-300000036029us-gaap:PerformanceSharesMember2022-06-300000036029us-gaap:OtherLiabilitiesMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:NonAutoMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:SubstandardMemberffin:AgriculturalPortfolioSegmentMember2022-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300000036029ffin:ResidentialMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:CombinedRateAndMaturityMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-06-300000036029ffin:ResidentialMember2022-04-012022-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:ExtendedMaturityMember2021-01-012021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029ffin:NonAutoMember2021-01-012021-06-300000036029us-gaap:CommitmentsToExtendCreditMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2022-06-300000036029us-gaap:OtherLiabilitiesMember2022-06-300000036029us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:NonAutoMember2022-01-012022-06-300000036029ffin:MuncipalMember2022-01-012022-06-300000036029us-gaap:ExtendedMaturityMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000036029us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000036029ffin:FinancingReceivables15To59DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:PerformanceSharesMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2021-03-310000036029us-gaap:SpecialMentionMemberffin:CAndIMember2021-06-300000036029us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:TreasuryStockMember2022-01-012022-06-300000036029us-gaap:SpecialMentionMemberffin:NonOwnerOccupiedCreMember2021-12-310000036029ffin:FarmMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:CollateralPledgedMember2021-12-310000036029ffin:ResidentialMember2022-06-300000036029ffin:NonOwnerOccupiedCreMember2022-06-300000036029us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029ffin:FarmMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029us-gaap:AdditionalPaidInCapitalMember2021-12-310000036029us-gaap:AdditionalPaidInCapitalMember2022-01-012022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberffin:AgriculturalPortfolioSegmentMember2021-06-300000036029ffin:ResidentialMemberus-gaap:PassMember2021-06-300000036029us-gaap:CollateralPledgedMemberffin:AgriculturalPortfolioSegmentMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029ffin:FarmMember2020-12-310000036029us-gaap:ExtendedMaturityMemberffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000036029us-gaap:UncollateralizedMemberffin:AgriculturalPortfolioSegmentMember2022-06-3000000360292021-12-310000036029us-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:HeldtomaturitySecuritiesMember2021-12-310000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000036029us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:SpecialMentionMemberffin:CAndIMember2021-12-310000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029ffin:ExecutivesAndOtherOfficersMemberus-gaap:PerformanceSharesMember2022-01-012022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:ExecutivesAndOtherOfficersMembersrt:MaximumMemberus-gaap:PerformanceSharesMember2022-01-012022-06-300000036029ffin:AutoMemberffin:FinancingReceivables15To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:CommonStockMember2022-03-310000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:MuncipalMember2022-06-300000036029ffin:ResidentialMember2020-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMemberffin:MuncipalMember2021-06-300000036029us-gaap:UnfundedLoanCommitmentMember2022-04-012022-06-300000036029us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-3000000360292021-07-282022-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:AgriculturalPortfolioSegmentMember2020-12-310000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2021-01-012021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-3000000360292022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:PassMemberffin:NonAutoMember2021-06-300000036029us-gaap:RetainedEarningsMember2021-03-310000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300000036029us-gaap:RestrictedStockUnitsRSUMember2021-06-300000036029ffin:EmployeeMemberus-gaap:PerformanceSharesMember2022-04-012022-06-300000036029us-gaap:PassMemberffin:CAndIMember2021-06-300000036029us-gaap:PassMember2021-06-300000036029us-gaap:SubstandardMember2021-06-300000036029us-gaap:ExtendedMaturityMemberffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:PassMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMember2022-06-300000036029ffin:EmployeeMemberus-gaap:RestrictedStockMember2022-01-012022-06-300000036029ffin:NonOwnerOccupiedCreMember2022-04-012022-06-300000036029us-gaap:TreasuryStockMember2021-01-012021-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-300000036029ffin:CombinedRateAndMaturityMember2021-01-012021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:CombinedRateAndMaturityMemberffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029ffin:AutoMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-04-012021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-300000036029ffin:AutoMember2022-04-012022-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2021-12-310000036029ffin:FarmMember2022-04-012022-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:UncollateralizedMember2022-06-300000036029us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029ffin:FinancingReceivables15To59DaysPastDueMember2021-06-3000000360292021-03-310000036029ffin:EmployeeMemberus-gaap:RestrictedStockMember2021-01-012021-06-300000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000036029ffin:FairValueInputsLevel1AndLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000036029ffin:CAndIMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029us-gaap:InterestRateLockCommitmentsMember2021-12-310000036029us-gaap:SubsidiaryOfCommonParentMember2022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029ffin:NonOwnerOccupiedCreMember2020-12-310000036029us-gaap:SpecialMentionMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:CommercialMortgageBackedSecuritiesMember2021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:CollateralPledgedMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2021-12-310000036029us-gaap:SpecialMentionMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029ffin:MuncipalMember2021-06-300000036029ffin:FarmMemberus-gaap:SubstandardMember2022-06-300000036029ffin:AutoMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:HeldtomaturitySecuritiesMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-06-300000036029ffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029ffin:CombinedRateAndMaturityMember2021-04-012021-06-300000036029us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2021-12-310000036029ffin:CAndIMember2021-03-310000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000036029us-gaap:FinancialAssetNotPastDueMember2021-06-300000036029ffin:AgriculturalPortfolioSegmentMember2022-03-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMember2021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029us-gaap:PassMemberffin:AutoMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMember2021-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000036029us-gaap:SpecialMentionMemberffin:NonAutoMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:CollateralPledgedMemberffin:AgriculturalPortfolioSegmentMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:USTreasurySecuritiesMember2022-06-300000036029us-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:CombinedRateAndMaturityMemberffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:CommonStockMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2022-06-300000036029us-gaap:PassMemberffin:NonAutoMember2022-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2022-03-310000036029us-gaap:InterestRateLockCommitmentsMember2021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000036029ffin:EmployeeMemberus-gaap:RestrictedStockMember2021-04-012021-06-300000036029us-gaap:CommonStockMember2022-06-300000036029ffin:ResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-3100000360292021-01-012021-07-270000036029ffin:CombinedRateAndMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029ffin:NonAutoMember2022-06-300000036029ffin:EmployeeMemberus-gaap:PerformanceSharesMember2021-01-012021-06-300000036029us-gaap:SpecialMentionMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMember2021-04-012021-06-300000036029us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-04-012021-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029us-gaap:InvestorMember2022-06-300000036029ffin:NonOwnerOccupiedCreMember2022-03-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberffin:MuncipalMember2022-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:FinancialAssetPastDueMember2021-06-300000036029ffin:AutoMember2022-01-012022-06-300000036029us-gaap:SubstandardMemberffin:AgriculturalPortfolioSegmentMember2021-12-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029ffin:FairValueInputsLevel1AndLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2022-06-300000036029us-gaap:RetainedEarningsMember2022-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:AdditionalPaidInCapitalMember2022-06-300000036029ffin:MuncipalMember2020-12-310000036029ffin:FarmMember2021-06-300000036029ffin:AutoMember2022-03-310000036029ffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:AutoMemberus-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029ffin:ResidentialMemberus-gaap:SubstandardMember2021-12-310000036029us-gaap:CollateralPledgedMemberffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:RetainedEarningsMember2020-12-310000036029us-gaap:RetainedEarningsMember2021-12-310000036029ffin:AutoMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateLockCommitmentsMember2021-06-300000036029us-gaap:PassMemberffin:NonOwnerOccupiedCreMember2022-06-300000036029ffin:FarmMember2021-03-310000036029us-gaap:RetainedEarningsMember2022-01-012022-06-300000036029ffin:NonAutoMember2021-06-300000036029ffin:ConstructionAndDevelopmentMember2021-04-012021-06-300000036029ffin:OwnerOccupiedCreMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:UncollateralizedMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:CollateralPledgedMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:DoubtfulMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:CollateralPledgedMemberffin:AgriculturalPortfolioSegmentMember2022-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:ConsumerPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-300000036029us-gaap:CorporateDebtSecuritiesMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:SpecialMentionMember2022-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029srt:MaximumMember2021-07-270000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:SubstandardMember2022-06-300000036029ffin:NonAutoMember2021-04-012021-06-300000036029us-gaap:CommitmentsToExtendCreditMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:FinancingReceivables15To59DaysPastDueMemberffin:AgriculturalPortfolioSegmentMember2021-06-300000036029us-gaap:SubstandardMemberffin:NonAutoMember2022-06-300000036029us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:SubsidiaryOfCommonParentMember2021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:EmployeeMemberus-gaap:RestrictedStockUnitsRSUMember2021-01-012021-06-300000036029ffin:AutoMember2020-12-310000036029ffin:ResidentialMember2022-01-012022-06-300000036029ffin:CAndIMember2022-04-012022-06-300000036029ffin:OwnerOccupiedCreMember2021-01-012021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029ffin:NonOwnerOccupiedCreMember2022-01-012022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029us-gaap:PassMemberffin:AgriculturalPortfolioSegmentMember2021-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:TreasuryStockMember2021-12-310000036029us-gaap:UncollateralizedMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-01-012021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029ffin:AutoMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000036029us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-3100000360292021-06-300000036029us-gaap:TreasuryStockMember2021-04-012021-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029ffin:CAndIMember2021-12-310000036029ffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2021-06-300000036029ffin:CAndIMember2021-06-300000036029us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2022-06-300000036029us-gaap:SpecialMentionMember2022-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMember2021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029us-gaap:DoubtfulMember2021-12-310000036029ffin:ResidentialMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:FarmMember2022-03-310000036029us-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:HeldtomaturitySecuritiesMember2022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029us-gaap:SubstandardMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2022-06-300000036029ffin:ResidentialMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:RestrictedStockMembersrt:DirectorMember2022-04-012022-06-300000036029ffin:ResidentialMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2022-06-300000036029ffin:CAndIMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000036029ffin:AutoMemberus-gaap:SubstandardMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000036029us-gaap:PassMember2021-12-310000036029ffin:ResidentialMemberus-gaap:SpecialMentionMember2021-12-310000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2022-06-300000036029us-gaap:UncollateralizedMemberffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-06-300000036029ffin:NonAutoMember2020-12-310000036029ffin:NonAutoMember2021-03-310000036029ffin:ResidentialMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:ExtendedMaturityMember2021-04-012021-06-300000036029us-gaap:ExtendedMaturityMemberffin:AgriculturalPortfolioSegmentMember2021-04-012021-06-300000036029ffin:AutoMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:DoubtfulMember2021-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300000036029us-gaap:PassMemberffin:NonOwnerOccupiedCreMember2021-12-3100000360292022-08-020000036029ffin:OwnerOccupiedCreMemberus-gaap:SubstandardMember2021-12-310000036029us-gaap:CorporateDebtSecuritiesMember2022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:ResidentialMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:OtherLiabilitiesMember2021-06-300000036029us-gaap:SubsidiaryOfCommonParentMember2022-01-012022-06-300000036029us-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:PassMemberffin:NonAutoMember2021-12-310000036029us-gaap:PassMemberffin:MuncipalMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000036029ffin:ResidentialMemberus-gaap:SpecialMentionMember2021-06-300000036029ffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:FairValueInputsLevel1AndLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300000036029us-gaap:InvestorMember2022-01-012022-06-300000036029us-gaap:ResidentialMortgageBackedSecuritiesMember2022-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:FinancialAssetPastDueMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2021-12-310000036029us-gaap:FairValueInputsLevel1Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2021-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-3000000360292020-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000036029ffin:CAndIMember2020-12-310000036029us-gaap:SubstandardMemberffin:ConstructionAndDevelopmentMember2022-06-300000036029us-gaap:UncollateralizedMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029ffin:EmployeeMemberus-gaap:RestrictedStockUnitsRSUMember2022-04-012022-06-300000036029ffin:FinancingReceivables15To59DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:UncollateralizedMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:OwnerOccupiedCreMember2021-03-310000036029us-gaap:CollateralPledgedMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300000036029us-gaap:RestrictedStockMembersrt:DirectorMember2022-01-012022-06-300000036029us-gaap:RestrictedStockMember2022-01-012022-06-300000036029us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300000036029ffin:FarmMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:ConstructionAndDevelopmentMember2021-03-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000036029us-gaap:CollateralPledgedMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-06-300000036029us-gaap:CollateralizedSecuritiesOtherMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:CAndIMember2022-03-310000036029ffin:CAndIMemberus-gaap:SubstandardMember2021-06-300000036029ffin:FarmMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-12-3100000360292021-04-012021-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:RetainedEarningsMember2022-03-310000036029us-gaap:CommonStockMember2021-01-012021-06-300000036029us-gaap:RetainedEarningsMember2021-04-012021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029ffin:EmployeeMemberus-gaap:RestrictedStockUnitsRSUMember2021-04-012021-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:MuncipalMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300000036029ffin:ResidentialMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:SpecialMentionMember2021-06-300000036029ffin:NonAutoMember2021-12-310000036029us-gaap:UnfundedLoanCommitmentMember2022-01-012022-06-300000036029us-gaap:SubstandardMember2022-06-300000036029ffin:EmployeeMemberus-gaap:RestrictedStockMember2022-04-012022-06-300000036029us-gaap:CommonStockMember2021-04-012021-06-300000036029us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:PassMemberffin:OwnerOccupiedCreMember2022-06-300000036029us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-01-012021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:SubsidiaryOfCommonParentMember2021-01-012021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:CommonStockMember2021-12-310000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-06-3000000360292022-03-310000036029us-gaap:FinancialAssetPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:PassMemberffin:MuncipalMember2021-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:SpecialMentionMember2021-06-300000036029us-gaap:FairValueInputsLevel1Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029us-gaap:FinancingReceivables60To89DaysPastDueMember2021-12-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMember2022-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-300000036029ffin:AgriculturalPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029ffin:FarmMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300000036029us-gaap:PassMemberffin:AgriculturalPortfolioSegmentMember2022-06-300000036029ffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029ffin:OwnerOccupiedCreMember2022-01-012022-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-12-310000036029us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029ffin:FairValueInputsLevel1AndLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300000036029us-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-06-300000036029us-gaap:USStatesAndPoliticalSubdivisionsMemberstpr:TX2022-06-300000036029us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:InterestRateLockCommitmentsMember2022-06-300000036029ffin:FarmMember2022-06-300000036029us-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:UncollateralizedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300000036029ffin:FarmMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:NonOwnerOccupiedCreMember2021-12-310000036029us-gaap:FinancingReceivables60To89DaysPastDueMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029us-gaap:PassMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029ffin:ResidentialMemberus-gaap:SubstandardMember2022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-06-300000036029ffin:ResidentialMember2021-01-012021-06-300000036029us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2021-12-3100000360292021-01-012021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000036029us-gaap:PassMemberffin:AgriculturalPortfolioSegmentMember2021-12-310000036029us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000036029ffin:AgriculturalPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029ffin:FarmMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300000036029ffin:CAndIMemberus-gaap:SubstandardMember2021-12-310000036029us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:UncollateralizedMemberffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-06-300000036029ffin:MuncipalMember2021-04-012021-06-300000036029us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-06-300000036029us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:ConstructionAndDevelopmentMember2021-04-012021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2022-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2021-04-012021-06-300000036029us-gaap:FairValueInputsLevel1Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-06-300000036029ffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:CommonStockMember2021-03-310000036029us-gaap:FairValueInputsLevel2Memberffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-06-300000036029ffin:OwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300000036029us-gaap:PerformanceSharesMember2021-01-012021-06-300000036029ffin:AutoMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000036029us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000036029ffin:OwnerOccupiedCreMemberus-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000036029ffin:FarmMemberus-gaap:SubstandardMember2021-06-300000036029us-gaap:CommonStockMember2022-04-012022-06-300000036029us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:FarmMember2022-01-012022-06-300000036029ffin:CAndIMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-06-300000036029us-gaap:DeferredCompensationShareBasedPaymentsMember2020-12-310000036029us-gaap:CollateralPledgedMemberffin:AutoMemberus-gaap:ConsumerPortfolioSegmentMember2021-06-300000036029ffin:ForwardMortgageBackedSecuritiesTradesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-06-300000036029us-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000036029us-gaap:PassMemberffin:AutoMember2022-06-300000036029us-gaap:ExtendedMaturityMemberffin:AgriculturalPortfolioSegmentMember2021-01-012021-06-300000036029ffin:NonOwnerOccupiedCreMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberffin:FinancingReceivables15To59DaysPastDueMember2021-12-310000036029us-gaap:SubstandardMemberffin:ConstructionAndDevelopmentMember2021-12-310000036029us-gaap:UncollateralizedMemberffin:NonAutoMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-30xbrli:pureffin:Securityloanxbrli:sharesffin:Loansffin:Locationffin:Investmentiso4217:USDffin:Restructuredloan
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
|
|
☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended June 30, 2022
|
|
☐ |
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 0-07674
First Financial Bankshares, Inc.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
|
Texas |
|
75-0944023 |
(State or other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer Identification No.) |
|
|
400 Pine Street, Abilene, Texas |
|
79601 |
(Address of principal executive offices) |
|
(Zip Code) |
(325) 627-7155
(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, $0.01 par value |
|
FFIN |
|
The Nasdaq Global Select Market |
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 ☒ 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 ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2of the Exchange Act.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Large accelerated filer |
|
☒ |
|
Accelerated 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 Rule12b-2of the Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:
|
|
|
|
|
|
Class |
|
Outstanding at August 2, 2022 |
Common Stock, $0.01 par value per share |
|
142,542,554 |
TABLE OF CONTENTS
PART I - FINANCIAL INFORMATION
2
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
The consolidated balance sheets of First Financial Bankshares, Inc. and Subsidiaries (the “Company” or “we”) at June 30, 2022 and 2021, (unaudited) and December 31, 2021, and the consolidated statements of earnings, comprehensive earnings and shareholders’ equity for the three and six-months ended June 30, 2022 and 2021 (unaudited), and the consolidated statements of cash flows for the six-months ended June 30, 2022 and 2021 (unaudited) and notes to consolidated financial statements (unaudited), follow on pages 4 through 40.
3
FIRST FINANCIAL BANKSHARES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
2021 |
|
|
|
(Unaudited) |
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
CASH AND DUE FROM BANKS |
|
$ |
242,665 |
|
|
$ |
190,061 |
|
|
$ |
205,053 |
|
INTEREST-BEARING DEMAND DEPOSITS IN BANKS |
|
|
222,899 |
|
|
|
654,531 |
|
|
|
323,535 |
|
Total cash and cash equivalents |
|
|
465,564 |
|
|
|
844,592 |
|
|
|
528,588 |
|
SECURITIES AVAILABLE-FOR-SALE, at fair value (amortized cost of these securities was $6,722,336, $5,405,189 and $6,447,510 as of June 30, 2022 and 2021, and December 31, 2021, respectively) |
|
|
6,215,036 |
|
|
|
5,578,048 |
|
|
|
6,573,179 |
|
LOANS: |
|
|
|
|
|
|
|
|
|
Held-for-investment, excluding PPP loans |
|
|
5,876,281 |
|
|
|
4,984,210 |
|
|
|
5,336,179 |
|
PPP loans |
|
|
2,301 |
|
|
|
320,392 |
|
|
|
52,793 |
|
Total loans held-for-investment |
|
|
5,878,582 |
|
|
|
5,304,602 |
|
|
|
5,388,972 |
|
Less—allowance for credit losses |
|
|
(71,932 |
) |
|
|
(62,138 |
) |
|
|
(63,465 |
) |
Net loans held-for-investment |
|
|
5,806,650 |
|
|
|
5,242,464 |
|
|
|
5,325,507 |
|
Held-for-sale ($23,848, $56,257 and $34,122 at fair value at June 30, 2022 and 2021, and December 31, 2021, respectively) |
|
|
26,445 |
|
|
|
61,802 |
|
|
|
37,810 |
|
BANK PREMISES AND EQUIPMENT, net |
|
|
149,280 |
|
|
|
147,655 |
|
|
|
149,764 |
|
INTANGIBLE ASSETS, net |
|
|
316,139 |
|
|
|
317,568 |
|
|
|
316,779 |
|
OTHER ASSETS |
|
|
281,098 |
|
|
|
136,954 |
|
|
|
170,834 |
|
Total assets |
|
$ |
13,260,212 |
|
|
$ |
12,329,083 |
|
|
$ |
13,102,461 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
NONINTEREST-BEARING DEPOSITS |
|
$ |
4,104,034 |
|
|
$ |
3,427,038 |
|
|
$ |
3,780,230 |
|
INTEREST-BEARING DEPOSITS |
|
|
7,018,949 |
|
|
|
6,354,656 |
|
|
|
6,786,258 |
|
Total deposits |
|
|
11,122,983 |
|
|
|
9,781,694 |
|
|
|
10,566,488 |
|
BORROWINGS |
|
|
768,364 |
|
|
|
549,969 |
|
|
|
671,152 |
|
TRADE DATE PAYABLE |
|
|
— |
|
|
|
189,838 |
|
|
|
— |
|
OTHER LIABILITIES |
|
|
39,847 |
|
|
|
87,213 |
|
|
|
105,597 |
|
Total liabilities |
|
|
11,931,194 |
|
|
|
10,608,714 |
|
|
|
11,343,237 |
|
COMMITMENTS AND CONTINGENCIES |
|
|
|
|
|
|
|
|
|
SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
|
COMMON STOCK — ($0.01 par value, authorized 200,000,000 shares; 142,586,601, 142,359,774 and 142,532,116 shares issued at June 30, 2022 and 2021, and December 31, 2021, respectively) |
|
|
1,426 |
|
|
|
1,424 |
|
|
|
1,425 |
|
CAPITAL SURPLUS |
|
|
675,653 |
|
|
|
672,288 |
|
|
|
676,871 |
|
RETAINED EARNINGS |
|
|
1,052,453 |
|
|
|
910,171 |
|
|
|
981,675 |
|
TREASURY STOCK (shares at cost: 937,924, 938,629 and 936,897 at June 30, 2022 and 2021, and December 31, 2021, respectively) |
|
|
(10,656 |
) |
|
|
(9,641 |
) |
|
|
(10,090 |
) |
DEFERRED COMPENSATION |
|
|
10,656 |
|
|
|
9,641 |
|
|
|
10,090 |
|
ACCUMULATED OTHER COMPREHENSIVE EARNINGS (LOSS), net |
|
|
(400,514 |
) |
|
|
136,486 |
|
|
|
99,253 |
|
Total shareholders’ equity |
|
|
1,329,018 |
|
|
|
1,720,369 |
|
|
|
1,759,224 |
|
Total liabilities and shareholders’ equity |
|
$ |
13,260,212 |
|
|
$ |
12,329,083 |
|
|
$ |
13,102,461 |
|
See notes to consolidated financial statements.
4
FIRST FINANCIAL BANKSHARES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS—(UNAUDITED)
(Dollars in thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-Months Ended June 30, |
|
|
Six-Months Ended June 30, |
|
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
INTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest and fees on loans |
|
$ |
68,158 |
|
|
$ |
66,879 |
|
|
$ |
132,656 |
|
|
$ |
133,314 |
|
Interest on investment securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Taxable |
|
|
19,151 |
|
|
|
11,449 |
|
|
|
36,974 |
|
|
|
21,712 |
|
Exempt from federal income tax |
|
|
14,120 |
|
|
|
14,060 |
|
|
|
28,712 |
|
|
|
27,809 |
|
Interest on federal funds sold and interest-bearing demand deposits in banks |
|
|
552 |
|
|
|
214 |
|
|
|
648 |
|
|
|
377 |
|
Total interest income |
|
|
101,981 |
|
|
|
92,602 |
|
|
|
198,990 |
|
|
|
183,212 |
|
INTEREST EXPENSE: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest on deposits |
|
|
2,966 |
|
|
|
1,560 |
|
|
|
4,336 |
|
|
|
3,255 |
|
Other |
|
|
233 |
|
|
|
93 |
|
|
|
433 |
|
|
|
184 |
|
Total interest expense |
|
|
3,199 |
|
|
|
1,653 |
|
|
|
4,769 |
|
|
|
3,439 |
|
Net interest income |
|
|
98,782 |
|
|
|
90,949 |
|
|
|
194,221 |
|
|
|
179,773 |
|
PROVISION FOR CREDIT LOSSES |
|
|
5,350 |
|
|
|
(1,206 |
) |
|
|
10,132 |
|
|
|
(3,203 |
) |
Net interest income after provision for credit losses |
|
|
93,432 |
|
|
|
92,155 |
|
|
|
184,089 |
|
|
|
182,976 |
|
NONINTEREST INCOME: |
|
|
|
|
|
|
|
|
|
|
|
|
Trust fees |
|
|
9,742 |
|
|
|
8,692 |
|
|
|
19,559 |
|
|
|
16,991 |
|
Service charges on deposit accounts |
|
|
6,038 |
|
|
|
4,928 |
|
|
|
11,744 |
|
|
|
9,721 |
|
ATM, interchange and credit card fees |
|
|
|