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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 1,033,733 $ 1,149,734
Federal funds sold, securities purchased under agreements to resell and interest bearing deposits 4,479,535 5,788,964
Cash and cash equivalents 5,513,268 6,938,698
Trading account assets 1,009,130 473,976
Debt securities available for sale 6,344,816 7,235,305
Debt securities held to maturity, net of allowance for debt securities held to maturity losses of $1,892 at March 31, 2020 (fair value of $8,267,393 and $6,921,158 at March 31, 2020 and December 31, 2019, respectively) 7,876,266 6,797,046
Loans held for sale, at fair value 117,752 112,058
Loans 67,539,414 63,946,857
Allowance for loan losses (1,351,072) (920,993)
Net loans 66,188,342 63,025,864
Premises and equipment, net 1,068,741 1,087,698
Bank owned life insurance 754,409 750,224
Goodwill 2,328,296 4,513,296
Other assets 3,124,539 2,669,182
Total assets 94,325,559 93,603,347
Deposits:    
Noninterest bearing 20,418,504 21,850,216
Interest bearing 56,816,003 53,135,067
Total deposits 77,234,507 74,985,283
FHLB and other borrowings 3,790,137 3,690,044
Federal funds purchased and securities sold under agreements to repurchase 409,784 173,028
Accrued expenses and other liabilities 1,532,777 1,368,403
Total liabilities 82,967,205 80,216,758
Shareholder’s Equity:    
Series A Preferred stock, $.0.01 par value, liquidation preference $200,000 per share, authorized — 30,000,000 shares, issued — 1,150 at both March 31, 2020 and December 31, 2019 229,475 229,475
Common stock — $0.01 par value; authorized — 300,000,000 shares, issued — 222,963,891 shares at both March 31, 2020 and December 31, 2019, respectively 2,230 2,230
Surplus 14,039,572 14,043,727
Accumulated deficit (3,305,226) (917,227)
Accumulated other comprehensive income (loss) 362,339 (1,072)
Total BBVA USA Bancshares, Inc. shareholder’s equity 11,328,390 13,357,133
Noncontrolling interests 29,964 29,456
Total shareholder’s equity 11,358,354 13,386,589
Total liabilities and shareholder’s equity $ 94,325,559 $ 93,603,347