Profile: First Financial Bankshares Inc (FFIN.O)
22 Mar 2018
First Financial Bankshares, Inc., incorporated on March 30, 1956, is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. The Company's subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc., Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc., Abilene, Texas, First Financial Insurance Agency, Inc., Abilene, Texas, ommercial Bancshares, Inc., and Commercial State Bank, Kingwood, Texas.
The Company's banking centers are located in Central, North Central, Southeast and West Texas. The Company has 73 financial centers across Texas, with 11 locations in Abilene, three locations in San Angelo and Weatherford, two locations in Cleburne, Conroe, Stephenville, and Granbury, and one location each in Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Clyde, Cut and Shoot, Decatur, Eastland, Fort Worth, Glen Rose, Grapevine, Hereford, Huntsville, Keller, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising Star, Roby, Southlake, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Willis and Willow Park, all in Texas.
The Company's loan portfolio consists of loans made to businesses, professionals, individuals, and farm and ranch operations located in the primary trade areas served by its subsidiary bank. Real estate loans represent loans primarily for one- to four-family residences and commercial real estate, which are primarily owner-occupied. As of December 31, 2016, its total loans held for investment was $3.36 billion.
The Company's securities available-for-sale include the United States Treasury securities, Obligations of the United States Government sponsored enterprises and agencies, Obligations of states and political subdivisions, Corporate bonds and other securities, and Mortgage-backed securities. As of December 31, 2016, securities with a fair value of $2.86 billion were classified as securities available-for-sale.
Deposits held by the Company's subsidiary bank represent its primary source of funding. The Company's total deposits were $5.48 billion as of December 31, 2016.
First Financial Bankshares Inc
400 Pine St,
PO Box 701
ABILENE TX 79601-5108