XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Loans $ 16,103,651 $ 13,431,722
Allowance for credit losses on loans [1] (215,973) (101,788)
Net loans 15,887,678 13,329,934
Loans held for sale 6,708 7,803
Securities:    
Available for sale (amortized cost of $8,887,734 and $7,323,980, respectively) 9,299,688 7,447,362
Held to maturity, net of allowance for credit losses of $2,610 and $0, respectively (fair value of $1,029,444 and $1,082,345, respectively) 1,012,004 1,116,102
Trading securities 35,020 45,618
Other securities 296,053 108,420
Total securities 10,642,765 8,717,502
Federal funds sold and securities purchased under agreements to resell 1,650,335 1,578,345
Interest-bearing due from banks 3,110,042 1,225,491
Cash and due from banks 430,638 472,958
Premises and equipment, net 293,095 300,334
Accrued income 139,892 124,508
Goodwill 180,867 180,867
Other intangibles, net 21,056 27,597
Other assets 764,428 596,016
Total assets 33,127,504 26,561,355
Deposits:    
Noninterest-bearing demand 9,879,970 6,944,465
Interest-bearing demand and savings 16,295,186 13,432,415
Time deposits under $250,000 477,748 611,587
Time deposits of $250,000 or more 398,347 614,777
Total deposits 27,051,251 21,603,244
Federal funds purchased and repurchase agreements 2,315,497 1,896,508
Long-term debt 269,595 70,372
Accrued expenses and taxes 319,676 232,200
Other liabilities 154,537 152,591
Total liabilities 30,110,556 23,954,915
SHAREHOLDERS’ EQUITY    
Common stock, $1.00 par value; 80,000,000 shares authorized; 55,056,730 shares issued, 48,006,386 and 49,097,606 shares outstanding, respectively 55,057 55,057
Capital surplus 1,090,450 1,073,764
Retained earnings 1,891,246 1,672,438
Accumulated other comprehensive income, net 318,340 83,180
Treasury stock, 7,050,344 and 5,959,124 shares, at cost, respectively (338,145) (277,999)
Total shareholders' equity 3,016,948 2,606,440
Total liabilities and shareholders' equity $ 33,127,504 $ 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 2, “New Accounting Pronouncements”