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Consolidated Statements of Condition - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,249,396 $ 256,820
Investment securities:    
Held to maturity debt securities (Market value of $3,400 on September 30, 2020 and $2,400 on December 31, 2019) 3,400 2,400
Available for sale debt securities (Amortized cost of $3,257,601 on September 30, 2020 and $3,376,070 on December 31, 2019) 3,298,840 3,378,923
Equity securities with readily determinable fair values 6,182 6,095
Total investment securities 3,308,422 3,387,418
Loans 7,589,235 6,894,946
Less allowance for credit losses (102,165) (60,278)
Net loans 7,487,070 6,834,668
Bank premises and equipment, net 486,601 506,595
Accrued interest receivable 36,044 36,620
Other investments 266,484 318,427
Cash surrender value of life insurance policies 290,683 289,693
Goodwill 282,532 282,532
Other assets 184,542 200,121
Total assets 13,591,774 12,112,894
Deposits:    
Demand-non-interest bearing 4,522,100 3,545,905
Savings and interest bearing demand 3,690,904 3,267,829
Time 2,093,729 2,012,300
Total deposits 10,306,733 8,826,034
Securities sold under repurchase agreements 375,849 236,536
Other borrowed funds 436,373 626,511
Junior subordinated deferrable interest debentures 134,642 134,642
Other liabilities 197,122 171,118
Total liabilities 11,450,719 9,994,841
Shareholders' equity:    
Common shares of $1.00 par value. Authorized 275,000,000 shares; issued 96,234,165 shares on September 30, 2020 and 96,214,967 shares on December 31, 2019 96,234 96,215
Surplus 149,034 148,075
Retained earnings 2,241,397 2,200,568
Accumulated other comprehensive income 32,418 2,345
Total shareholders' equity before treasury stock 2,519,083 2,447,203
Less cost of shares in treasury, 32,961,289 shares on September 30, 2020 and 31,015,061 on December 31, 2019 (378,028) (329,150)
Total shareholders' equity 2,141,055 2,118,053
Total liabilities and shareholders' equity $ 13,591,774 $ 12,112,894