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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Loans $ 13,949,710 $ 13,431,722
Allowance for credit losses on loans [1] (187,911) (101,788)
Net loans 13,761,799 13,329,934
Loans held for sale 9,585 7,803
Securities:    
Available for sale (amortized cost of $7,353,180 and $7,323,980, respectively) 7,639,451 7,447,362
Held to maturity, net of allowance for credit losses of $3,235 and $0, respectively (fair value of $1,146,909 and $1,082,345, respectively) 1,110,925 1,116,102
Trading securities 61,177 45,618
Other securities 135,194 108,420
Total securities 8,946,747 8,717,502
Federal funds sold and securities purchased under agreements to resell 784,750 1,578,345
Interest-bearing due from banks 1,109,254 1,225,491
Cash and due from banks 340,553 472,958
Premises and equipment, net 297,668 300,334
Accrued income 111,879 124,508
Goodwill 180,867 180,867
Other intangibles, net 25,839 27,597
Other assets 675,945 596,016
Total assets 26,244,886 26,561,355
Deposits:    
Noninterest-bearing demand 7,269,520 6,944,465
Interest-bearing demand and savings 12,920,980 13,432,415
Time deposits under $250,000 595,128 611,587
Time deposits of $250,000 or more 389,892 614,777
Total deposits 21,175,520 21,603,244
Federal funds purchased and repurchase agreements 1,890,917 1,896,508
Short-term debt 15,000  
Long-term debt 121,582 97,490
Accrued expenses and taxes 216,272 232,200
Other liabilities 162,154 125,473
Total liabilities 23,581,445 23,954,915
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 80,000,000 shares authorized; 55,056,730 shares issued, 48,134,601 and 49,097,606 shares outstanding, respectively 55,057 55,057
Capital surplus 1,073,089 1,073,764
Retained earnings 1,646,751 1,672,438
Accumulated other comprehensive income, net 219,390 83,180
Treasury stock, 6,922,129 and 5,959,124 shares, at cost, respectively (330,846) (277,999)
Total shareholders' equity 2,663,441 2,606,440
Total liabilities and shareholders' equity $ 26,244,886 $ 26,561,355
[1] As of December 31, 2019, this line represents the Allowance for loan losses. See further discussion of this change in Note 3, “New Accounting Pronouncements.”