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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 1,019,127 $ 1,149,734
Federal funds sold, securities purchased under agreements to resell and interest bearing deposits 11,738,063 5,788,964
Cash and cash equivalents 12,757,190 6,938,698
Trading account assets 1,016,966 473,976
Debt securities available for sale 5,765,192 7,235,305
Debt securities held to maturity, net of allowance for debt securities held to maturity losses of $15,017 at June 30, 2020 (fair value of $9,078,298 and $6,921,158 at June 30, 2020 and December 31, 2019, respectively) 8,693,437 6,797,046
Loans held for sale, at fair value 245,851 112,058
Loans 68,241,500 63,946,857
Allowance for loan losses (1,754,352) (920,993)
Net loans 66,487,148 63,025,864
Premises and equipment, net 1,070,358 1,087,698
Bank owned life insurance 754,908 750,224
Goodwill 2,328,296 4,513,296
Other assets 3,148,270 2,669,182
Total assets 102,267,616 93,603,347
Deposits:    
Noninterest bearing 25,978,354 21,850,216
Interest bearing 59,448,060 53,135,067
Total deposits 85,426,414 74,985,283
FHLB and other borrowings 3,571,933 3,690,044
Federal funds purchased and securities sold under agreements to repurchase 249,481 173,028
Other short-term borrowings 1,619 0
Accrued expenses and other liabilities 1,747,380 1,368,403
Total liabilities 90,996,827 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 June 30, 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 June 30, 2020 and December 31, 2019, respectively 2,230 2,230
Surplus 14,035,607 14,043,727
Accumulated deficit (3,430,135) (917,227)
Accumulated other comprehensive income (loss) 404,165 (1,072)
Total BBVA USA Bancshares, Inc. shareholder’s equity 11,241,342 13,357,133
Noncontrolling interests 29,447 29,456
Total shareholder’s equity 11,270,789 13,386,589
Total liabilities and shareholder’s equity $ 102,267,616 $ 93,603,347