v3.25.2
Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 2,128,000 $ 1,909,000
Interest-bearing deposits at banks 19,297,000 18,873,000
Trading account 93,000 101,000
Investment securities:    
Available for sale (cost: $21,458 at June 30, 2025; $19,054 at December 31, 2024) 21,540,000 18,849,000
Held to maturity (fair value: $12,073 at June 30, 2025; $12,955 at December 31, 2024) 13,024,000 14,195,000
Equity and other securities (cost: $1,003 at June 30, 2025; $1,007 at December 31, 2024) 1,004,000 1,007,000
Total investment securities 35,568,000 34,051,000
Loans (a) [1] 136,116,000 135,581,000
Allowance for loan losses (2,197,000) (2,184,000)
Net loans 133,919,000 133,397,000
Premises and equipment 1,646,000 1,705,000
Goodwill 8,465,000 8,465,000
Core deposit and other intangible assets 84,000 94,000
Accrued interest and other assets 10,384,000 9,510,000
Total assets 211,584,000 208,105,000
Liabilities    
Noninterest-bearing deposits 47,485,000 46,020,000
Savings and interest-checking deposits 102,874,000 100,599,000
Time deposits 14,094,000 14,476,000
Total deposits 164,453,000 161,095,000
Short-term borrowings 2,071,000 1,060,000
Long-term borrowings (a) [1] 12,380,000 12,605,000
Accrued interest and other liabilities 4,155,000 4,318,000
Total liabilities 183,059,000 179,078,000
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 June 30, 2025 and December 31, 2024 90,000 90,000
Common stock issuable, 9,556 shares at June 30, 2025; 11,642 shares at December 31, 2024 1,000 1,000
Additional paid-in capital 9,981,000 9,998,000
Retained earnings 19,870,000 19,079,000
Accumulated other comprehensive income (loss), net 215,000 (164,000)
Treasury stock — common, at cost — 22,913,989 shares at June 30, 2025; 13,922,820 shares at December 31, 2024 (4,026,000) (2,371,000)
Total shareholders’ equity 28,525,000 29,027,000
Total liabilities and shareholders’ equity $ 211,584,000 $ 208,105,000
[1] Loans of $2.5 billion and $1.5 billion at June 30, 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 issued to third party investors were included in Long-term borrowings and were $2.1 billion at June 30, 2025 and $1.2 billion at December 31, 2024.