v3.26.1
Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 1,939,000 $ 1,701,000
Interest-bearing deposits at banks 15,499,000 17,068,000
Investment securities:    
Available for sale (cost: $25,495 at June 30, 2026; $22,994 at December 31, 2025) 25,370,000 23,202,000
Held to maturity (fair value: $11,119 at June 30, 2026; $11,715 at December 31, 2025) 11,908,000 12,430,000
Equity and other securities (cost: $1,093 at June 30, 2026; $1,016 at December 31, 2025) 1,096,000 1,017,000
Total investment securities 38,374,000 36,649,000
Loans (a) [1] 143,193,000 138,702,000
Allowance for loan losses (2,176,000) (2,116,000)
Net loans 141,017,000 136,586,000
Premises and equipment 1,726,000 1,629,000
Goodwill 8,465,000 8,465,000
Core deposit and other intangible assets 48,000 64,000
Accrued interest and other assets 12,193,000 11,348,000
Total assets 219,261,000 213,510,000
Liabilities    
Noninterest-bearing deposits 48,295,000 46,509,000
Savings and interest-checking deposits 105,602,000 107,173,000
Time deposits 14,988,000 13,227,000
Total deposits 168,885,000 166,909,000
Short-term borrowings 4,614,000 2,149,000
Long-term borrowings (a) [1] 13,568,000 10,911,000
Accrued interest and other liabilities 4,248,000 4,364,000
Total liabilities 191,315,000 184,333,000
Shareholders' equity    
Preferred stock 2,434,000 2,834,000
Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at June 30, 2026 and December 31, 2025 90,000 90,000
Additional paid-in capital 9,970,000 10,011,000
Retained earnings 22,038,000 20,882,000
Accumulated other comprehensive income (loss), net (92,000) 277,000
Treasury stock — common, at cost — 34,507,260 shares at June 30, 2026; 27,604,513 shares at December 31, 2025 (6,494,000) (4,917,000)
Total shareholders’ equity 27,946,000 29,177,000
Total liabilities and shareholders’ equity $ 219,261,000 $ 213,510,000
[1] Loans of $3.1 billion and $2.1 billion at June 30, 2026 and December 31, 2025, 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 $2.8 billion at June 30, 2026 and $1.7 billion at December 31, 2025.