FIRST FINANCIAL BANKSHARES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 31, 2002, 2001 and 2000
F-15
The amortized cost and estimated fair value of debt securities at December 31, 2002, by contractual and expected
maturity, are shown below.
   Held-to-Maturity Available-for-Sale
Amortized Estimated Amortized Estimated
   Cost Basis      Fair Value     Cost Basis      Fair Value  
Due within one year $  55,959,878 $  57,124,507 $  46,281,321 $  47,124,793
Due after one year through five years 121,052,000 129,421,284 377,002,918 390,627,675
Due after five years through ten years 9,305,724 10,071,540 63,803,688 65,913,832
Due after ten years    14,132,182    15,244,820   59,525,959    62,611,310
Total debt securities $200,449,784 $211,862,151 $546,613,886 $ 566,277,610
Securities, carried at approximately $239,971,000 and $243,316,000 at December 31, 2002 and 2001, respectively,
were pledged as collateral for public or trust fund deposits and for other purposes required or permitted by law.
During 2002 and 2001, sales of investment securities that were classified as available-for-sale totaled $30,077,478
and $57,925,815, respectively.  Gross realized gains and losses from sales in 2002 were $23,773 and $7,400,
respectively.  Gross realized gains and losses from 2001 sales were $104,779 and $36,990, respectively.  Gross
realized gains from 2000 sales were $530,097.  The specific identification method was used to determine cost in
computing the realized gains and losses.
Certain subsidiary banks are required to maintain reserve balances with the Federal Reserve Bank.  During 2002 and
2001, such average balances totaled approximately $12,776,000 and $9,017,000, respectively.
3. LOANS AND ALLOWANCE FOR LOAN LOSSES:
Major classifications of loans are as follows:
                 December 31,                 
        2002             2001        
Commercial, financial, and agricultural $311,743,212 $312,053,042
Real estate - construction 50,911,156 47,173,297
Real estate - mortgage 375,255,678 350,381,887
Consumer   226,140,626   230,616,297
964,050,672 940,224,523
Unearned income         (10,899)          (93,548 )
     Total loans $964,039,773 $940,130,975
The Company’s recorded investment in impaired loans and the related valuation allowance are as follows:
       December 31, 2002           December 31, 2001        
Recorded Valuation Recorded Valuation
Investment Allowance Investment Allowance
  $3,734,261 $  752,385 $3,817,683 $  926,636