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Consolidated Statements of Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 352,652 $ 651,058
Investment securities:    
Held to maturity debt securities (Market value of $4,400 on December 31, 2024 and $3,400 on December 31, 2023) 4,400 3,400
Available for sale debt securities (Amortized cost of $5,472,310 on December 31, 2024 and $5,330,814 on December 31, 2023) 4,987,916 4,822,341
Equity securities with readily determinable fair values 5,394 5,417
Total investment securities 4,997,710 4,831,158
Loans 8,809,826 8,058,961
Less allowance for credit losses (156,537) (157,069)
Net loans 8,653,289 7,901,892
Bank premises and equipment, net 428,221 437,094
Accrued interest receivable 72,175 65,302
Other investments 356,735 343,452
Cash surrender value of life insurance policies 303,042 303,486
Goodwill 282,532 282,532
Other assets 292,496 250,215
Total assets 15,738,852 15,066,189
Deposits:    
Demand-non-interest bearing 4,612,344 5,030,845
Savings and interest bearing demand 4,599,957 4,368,532
Time 2,899,543 2,425,177
Total deposits 12,111,844 11,824,554
Securities sold under repurchase agreements 535,322 530,416
Other borrowed funds 10,541 10,745
Junior subordinated deferrable interest debentures 108,868 108,868
Other liabilities 175,570 143,832
Total liabilities 12,942,145 12,618,415
Shareholders' equity:    
Common shares of $1.00 par value. Authorized 275,000,000 shares; issued 96,616,673 shares on December 31, 2024 and 96,466,900 shares on December 31, 2023 96,617 96,467
Surplus 159,333 155,511
Retained earnings 3,356,177 3,029,088
Accumulated other comprehensive loss (379,054) (397,889)
Total shareholders' equity before treasury stock 3,233,073 2,883,177
Less cost of shares in treasury, 34,407,674 shares on December 31, 2024 and 34,391,184 on December 31, 2023 (436,366) (435,403)
Total shareholders' equity 2,796,707 2,447,774
Total liabilities and shareholders' equity $ 15,738,852 $ 15,066,189