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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 1,778,000 $ 1,731,000
Interest-bearing deposits at banks 24,792,000 28,069,000
Trading account 99,000 106,000
Investment securities:    
Available for sale (cost: $14,131 at June 30, 2024; $10,691 at December 31, 2023) 13,892,000 10,440,000
Held to maturity (fair value: $13,509 at June 30, 2024; $14,308 at December 31, 2023) 14,793,000 15,330,000
Equity and other securities (cost: $1,201 at June 30, 2024; $1,125 at December 31, 2023) 1,209,000 1,127,000
Total investment securities 29,894,000 26,897,000
Loans and leases, net of unearned discount of $990 at June 30, 2024 and $868 at December 31, 2023 135,002,000 134,068,000
Allowance for credit losses (2,204,000) (2,129,000)
Loans and leases, net 132,798,000 131,939,000
Premises and equipment 1,719,000 1,739,000
Goodwill 8,465,000 8,465,000
Core deposit and other intangible assets 119,000 147,000
Accrued interest and other assets 9,191,000 9,171,000
Total assets 208,855,000 208,264,000
Liabilities    
Noninterest-bearing deposits 47,729,000 49,294,000
Savings and interest-checking deposits 94,668,000 93,221,000
Time deposits 17,513,000 20,759,000
Total deposits 159,910,000 163,274,000
Short-term borrowings 4,764,000 5,316,000
Accrued interest and other liabilities 4,438,000 4,516,000
Long-term borrowings 11,319,000 8,201,000
Total liabilities 180,431,000 181,307,000
Shareholders' equity    
Preferred stock, $1.00 par, 20,000,000 shares authorized; Issued and outstanding: Liquidation preference of $1,000 per share: 350,000 shares at June 30, 2024 and December 31, 2023; Liquidation preference of $10,000 per share: 215,000 shares at June 30, 2024 and 140,000 shares at December 31, 2023; Liquidation preference of $25 per share; 10,000,000 shares at June 30, 2024 and December 31, 2023 2,744,000 2,011,000
Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at June 30, 2024 and December 31, 2023 90,000 90,000
Common stock issuable, 11,560 shares at June 30, 2024; 12,217 shares at December 31, 2023 1,000 1,000
Additional paid-in capital 9,976,000 10,020,000
Retained earnings 18,211,000 17,524,000
Accumulated other comprehensive income (loss), net (551,000) (459,000)
Treasury stock — common, at cost — 12,223,276 shares at June 30, 2024; 13,300,298 shares at December 31, 2023 (2,047,000) (2,230,000)
Total shareholders’ equity 28,424,000 26,957,000
Total liabilities and shareholders’ equity $ 208,855,000 $ 208,264,000