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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 257,026 $ 246,234
Federal funds sold and interest-bearing deposits in banks 494,765 375,615
Cash and cash equivalents 751,791 621,849
Time deposits in other banks 249 249
Investment securities available for sale, at fair value, net of allowance for credit losses at $68 and $0 at September 30, 2020 and December 31, 2019, respectively 1,117,436 1,403,403
Other investments 47,329 66,919
Loans held for sale (includes loan at fair value of $1,368,044 and $1,656,711, respectively) 1,414,889 1,656,711
Loans, net of unearned income 14,943,593 12,818,476
Allowance for credit losses (231,924) (38,189)
Loans, net 14,711,669 12,780,287
Other real estate owned, net 17,969 19,500
Premises and equipment, net 231,278 233,102
Goodwill 928,005 931,637
Other intangible assets, net 76,164 91,586
Cash value of bank owned life insurance 175,605 175,270
Deferred income taxes, net 53,039 2,180
Other assets 348,428 259,886
Total assets 19,873,851 18,242,579
Deposits:    
Noninterest-bearing 5,909,316 4,199,448
Interest-bearing 10,154,490 9,827,625
Total deposits 16,063,806 14,027,073
Securities sold under agreements to repurchase 9,103 20,635
Other borrowings 875,255 1,398,709
Subordinated deferrable interest debentures 123,860 127,560
FDIC loss-share payable, net 19,476 19,642
Other liabilities 217,668 179,378
Total liabilities 17,309,168 15,772,997
Commitments and Contingencies (Note 11)
Shareholders’ Equity    
Preferred stock, stated value $1,000 (5,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2020 and December 31, 2019) 0 0
Common stock, par value $1 (200,000,000 and 100,000,000 shares authorized at September 30, 2020 and December 31, 2019, respectively; 71,702,587 and 71,499,829 shares issued at September 30, 2020 and December 31, 2019, respectively) 71,703 71,500
Capital surplus 1,911,031 1,907,108
Retained earnings 587,657 507,950
Accumulated other comprehensive income, net of tax 37,252 17,995
Treasury stock, at cost (2,212,041 shares and 1,995,996 shares at September 30, 2020 and December 31, 2019, respectively) (42,960) (34,971)
Total shareholders’ equity 2,564,683 2,469,582
Total liabilities and shareholders’ equity $ 19,873,851 $ 18,242,579