Consolidated Statements of Condition - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 1,198,206	$ 256,820
Investment securities:
Held to maturity debt securities (Market value of $3,400 on June 30, 2020 and 2,400 on December 31, 2019)	3,400	2,400
Available for sale debt securities (Amortized cost of $3,045,135 on June 30, 2020 and $3,376,070 on December 31, 2019)	3,097,734	3,378,923
Equity securities with readily determinable fair values	6,194	6,095
Total investment securities	3,107,328	3,387,418
Loans	7,501,807	6,894,946
Less allowance for credit losses	(94,554)	(60,278)
Net loans	7,407,253	6,834,668
Bank premises and equipment, net	491,998	506,595
Accrued interest receivable	47,684	36,620
Other investments	298,558	318,427
Cash surrender value of life insurance policies	293,234	289,693
Goodwill	282,532	282,532
Other assets	197,729	200,121
Total assets	13,324,522	12,112,894
Deposits:
Demand-non-interest bearing	4,416,744	3,545,905
Savings and interest bearing demand	3,557,934	3,267,829
Time	2,061,045	2,012,300
Total deposits	10,035,723	8,826,034
Securities sold under repurchase agreements	387,095	236,536
Other borrowed funds	436,419	626,511
Junior subordinated deferrable interest debentures	134,642	134,642
Other liabilities	188,783	171,118
Total liabilities	11,182,662	9,994,841
Shareholders' equity:
Common shares of $1.00 par value. Authorized 275,000,000 shares; issued 96,228,578 shares on June 30, 2020 and 96,214,967 shares on December 31, 2019	96,229	96,215
Surplus	148,744	148,075
Retained earnings	2,233,455	2,200,568
Accumulated other comprehensive income	41,319	2,345
Total shareholders' equity before treasury stock	2,519,747	2,447,203
Less cost of shares in treasury, 32,956,273 shares on June 30, 2020 and 31,015,061 on December 31, 2019	(377,887)	(329,150)
Total shareholders' equity	2,141,860	2,118,053
Total liabilities and shareholders' equity	$ 13,324,522	$ 12,112,894