FIRST FINANCIAL BANKSHARES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 31, 2002, 2001 and 2000
F-17
4. BANK PREMISES AND EQUIPMENT:
The following is a summary of bank premises and equipment:
                     Useful Life                                    December 31,               
      2002            2001      
Land  – $  7,362,814 $  7,104,759
Buildings 20 to 40 years 50,560,723 49,885,954
Furniture and equipment 3 to 10 years 26,347,819 27,249,965
Leasehold improvements Lesser of lease term or 5 to 15 years    4,385,288    4,105,350
88,656,644 88,346,028
Less- accumulated depreciation and amortization (48,051,243) (46,333,597)
$40,605,401 $42,012,431
Depreciation expense for the years ended December 31, 2002, 2001 and 2000 amounted to $4,284,473, $3,755,878,
and $3,700,474, respectively and is included in the captions net occupancy expense and equipment expense in the
accompanying consolidated statements of earnings.
The Company is lessor for portions of its banking premises.  Total rental income for all leases included in net
occupancy expense is approximately $1,578,000, $1,432,000 and $1,387,000, for the years ended December 31,
2002, 2001, and 2000, respectively.
5. TIME DEPOSITS
Time deposits of $100,000 or more totaled approximately $195,754,000 and $196,905,000 at December 31, 2002
and 2001, respectively.  Interest expense on these deposits was approximately $11,559,000, $10,163,000, and
$10,022,000 during 2002, 2001, and 2000, respectively.
At December 31, 2002, the scheduled maturities of time deposits were, as follows:
Year ending December 31,
2003 $466,285,411
2004 42,007,875
2005 12,232,334
2006 2,222,764
2007     10,878,020
$533,626,404
6. LINE OF CREDIT
The Company has a line of credit with a nonaffiliated bank under which it could borrow up to $25,000,000.  The
line of credit is unsecured and matures on June 30, 2003.  Bankshares paid no fee to secure the unused line of credit
and, accordingly, did not estimate a fair value of the unused line of credit at December 31, 2002 and 2001.  The line
of credit carries an interest rate of the London Interbank Offering Rate plus 1.0%.  There was no outstanding balance
under the line of credit as of December 31, 2002 and 2001.