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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Loans $ 15,305,097 $ 13,431,722
Allowance for credit losses on loans [1] (200,300) (101,788)
Net loans 15,104,797 13,329,934
Loans held for sale 8,213 7,803
Securities:    
Available for sale (amortized cost of $8,116,473 and $7,323,980, respectively) 8,483,624 7,447,362
Held to maturity, net of allowance for credit losses of $3,305 and $0, respectively (fair value of $1,153,833 and $1,082,345, respectively) 1,111,625 1,116,102
Trading securities 51,383 45,618
Other securities 154,206 108,420
Total securities 9,800,838 8,717,502
Federal funds sold and securities purchased under agreements to resell 1,347,643 1,578,345
Interest-bearing due from banks 1,714,478 1,225,491
Cash and due from banks 462,849 472,958
Premises and equipment, net 300,174 300,334
Accrued income 126,962 124,508
Goodwill 180,867 180,867
Other intangibles, net 24,181 27,597
Other assets 682,606 596,016
Total assets 29,753,608 26,561,355
Deposits:    
Noninterest-bearing demand 8,633,603 6,944,465
Interest-bearing demand and savings 15,033,643 13,432,415
Time deposits under $250,000 546,089 611,587
Time deposits of $250,000 or more 246,069 614,777
Total deposits 24,459,404 21,603,244
Federal funds purchased and repurchase agreements 1,963,694 1,896,508
Short-term debt 15,000  
Long-term debt 70,996 70,372
Accrued expenses and taxes 239,254 232,200
Other liabilities 227,865 152,591
Total liabilities 26,976,213 23,954,915
SHAREHOLDERS' EQUITY    
Common stock, $1.00 par value; 80,000,000 shares authorized; 55,056,730 shares issued, 48,021,707 and 49,097,606 shares outstanding, respectively 55,057 55,057
Capital surplus 1,081,713 1,073,764
Retained earnings 1,692,289 1,672,438
Accumulated other comprehensive income, net 284,262 83,180
Treasury stock, 7,035,023 and 5,959,124 shares, at cost, respectively (335,926) (277,999)
Total shareholders' equity 2,777,395 2,606,440
Total liabilities and shareholders' equity $ 29,753,608 $ 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.”