XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 2,109,000 $ 1,909,000
Interest-bearing deposits at banks 20,656,000 18,873,000
Trading account 96,000 101,000
Investment securities:    
Available for sale (cost: $20,807 at March 31, 2025; $19,054 at December 31, 2024) 20,799,000 18,849,000
Held to maturity (fair value: $12,308 at March 31, 2025; $12,955 at December 31, 2024) 13,352,000 14,195,000
Equity and other securities (cost: $986 at March 31, 2025; $1,007 at December 31, 2024) 986,000 1,007,000
Total investment securities 35,137,000 34,051,000
Loans and leases (a) [1] 134,574,000 135,581,000
Allowance for credit losses (2,200,000) (2,184,000)
Net loans and leases 132,374,000 133,397,000
Premises and equipment 1,661,000 1,705,000
Goodwill 8,465,000 8,465,000
Core deposit and other intangible assets 93,000 94,000
Accrued interest and other assets 9,730,000 9,510,000
Total assets 210,321,000 208,105,000
Liabilities    
Noninterest-bearing deposits 49,051,000 46,020,000
Savings and interest-checking deposits 102,379,000 100,599,000
Time deposits 13,979,000 14,476,000
Total deposits 165,409,000 161,095,000
Short-term borrowings 1,573,000 1,060,000
Long-term borrowings (a) [1] 10,496,000 12,605,000
Accrued interest and other liabilities 3,852,000 4,318,000
Total liabilities 181,330,000 179,078,000
Shareholders' equity    
Preferred stock 2,394,000 2,394,000
Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at March 31, 2025 and December 31, 2024 90,000 90,000
Common stock issuable, 9,490 shares at March 31, 2025; 11,642 shares at December 31, 2024 1,000 1,000
Additional paid-in capital 9,968,000 9,998,000
Retained earnings 19,405,000 19,079,000
Accumulated other comprehensive income (loss), net 90,000 (164,000)
Treasury stock — common, at cost — 16,894,734 shares at March 31, 2025; 13,922,820 shares at December 31, 2024 (2,957,000) (2,371,000)
Total shareholders’ equity 28,991,000 29,027,000
Total liabilities and shareholders’ equity $ 210,321,000 $ 208,105,000
[1] Loans and leases of $2.1 billion and $1.5 billion at March 31, 2025 and December 31, 2024, respectively, were held in special purpose trusts to settle the respective obligations of asset-backed notes issued by those trusts. The outstanding balances of those asset-backed notes were included in Long-term borrowings and were $1.8 billion at March 31, 2025 and $1.2 billion at December 31, 2024.