Commitments and Contingent Liabilities	3 Months Ended
Mar. 31, 2020
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	Note 13 — Commitments and Contingent Liabilities In the normal course of business, we make various commitments and incur certain contingent liabilities, which are not reflected in the accompanying financial statements. The commitments and contingent liabilities include guarantees, commitments to extend credit, and standby letters of credit. At March 31, 2020, commitments to extend credit and standby letters of credit totaled $3.0 billion. We do not anticipate any material losses as a result of these transactions. As of March 31, 2020, the liability recorded for expected credit losses on unfunded commitments was $8.6 million and recorded in Other Liabilities on the Balance Sheet. See Note 2 – Summary of Significant Accounting Policies for discussion of liability recorded for expected credit losses on unfunded commitments. We have been named as defendant in various legal actions, arising from its normal business activities, in which damages in various amounts are claimed. We are also exposed to litigation risk related to the prior business activities of banks acquired through whole bank acquisitions as well as banks from which assets were acquired and liabilities assumed in FDIC-assisted transactions. Although the amount of any ultimate liability with respect to such matters cannot be determined, in the opinion of management, any such liability is not expected to have a material effect on our consolidated financial statements. The Company and the Bank are involved at times in certain litigation arising in the normal course of business. In the opinion of management as of March 31, 2020, there is no pending or threatened litigation that will have a material effect on our consolidated financial position or results of operations.

Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2020

Commitments and Contingent Liabilities

Note 13 — Commitments and Contingent Liabilities

In the normal course of business, we make various commitments and incur certain contingent liabilities, which are not reflected in the accompanying financial statements. The commitments and contingent liabilities include guarantees, commitments to extend credit, and standby letters of credit. At March 31, 2020, commitments to extend credit and standby letters of credit totaled $3.0 billion. We do not anticipate any material losses as a result of these transactions. As of March 31, 2020, the liability recorded for expected credit losses on unfunded commitments was $8.6 million and recorded in Other Liabilities on the Balance Sheet. See Note 2 – Summary of Significant Accounting Policies for discussion of liability recorded for expected credit losses on unfunded commitments.

We have been named as defendant in various legal actions, arising from its normal business activities, in which damages in various amounts are claimed. We are also exposed to litigation risk related to the prior business activities of banks acquired through whole bank acquisitions as well as banks from which assets were acquired and liabilities assumed in FDIC-assisted transactions. Although the amount of any ultimate liability with respect to such matters cannot be determined, in the opinion of management, any such liability is not expected to have a material effect on our consolidated financial statements.

The Company and the Bank are involved at times in certain litigation arising in the normal course of business. In the opinion of management as of March 31, 2020, there is no pending or threatened litigation that will have a material effect on our consolidated financial position or results of operations.