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Consolidated Statements of Condition - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 651,058,000 $ 2,087,724,000
Investment securities:    
Held to maturity debt securities (Market value of $3,400 on December 31, 2023 and $3,400 on December 31, 2022) 3,400,000 3,400,000
Available for sale debt securities (Amortized cost of $5,330,814 on December 31, 2023 and $5,018,996 on December 31, 2022) 4,822,341,000 4,417,796,000
Equity securities with readily determinable fair values 5,417,000 5,358,000
Total investment securities 4,831,158,000 4,426,554,000
Loans 8,058,961,000 7,430,603,000
Less allowance for credit losses (157,069,000) (125,972,000)
Net loans 7,901,892,000 7,304,631,000
Bank premises and equipment, net 437,094,000 431,612,000
Accrued interest receivable 65,302,000 45,787,000
Other investments 343,452,000 358,910,000
Cash surrender value of life insurance policies 303,486,000 300,589,000
Goodwill 282,532,000 282,532,000
Other assets 250,215,000 263,137,000
Total assets 15,066,189,000 15,501,476,000
Deposits:    
Demand-non-interest bearing 5,030,845,000 5,846,055,000
Savings and interest bearing demand 4,368,532,000 4,745,768,000
Time 2,425,177,000 2,068,184,000
Total deposits 11,824,554,000 12,660,007,000
Securities sold under repurchase agreements 530,416,000 431,191,000
Other borrowed funds 10,745,000 10,944,000
Junior subordinated deferrable interest debentures 108,868,000 134,642,000
Other liabilities 143,832,000 219,933,000
Total liabilities 12,618,415,000 13,456,717,000
Shareholders' equity:    
Common shares of $1.00 par value. Authorized 275,000,000 shares; issued 96,466,900 shares on December 31, 2023 and 96,420,456 shares on December 31, 2022 96,467,000 96,420,000
Surplus 155,511,000 154,061,000
Retained earnings 3,029,088,000 2,695,567,000
Accumulated other comprehensive loss (397,889,000) (470,497,000)
Total shareholders' equity before treasury stock 2,883,177,000 2,475,551,000
Less cost of shares in treasury, 34,391,184 shares on December 31, 2023 and 34,278,617 on December 31, 2022 (435,403,000) (430,792,000)
Total shareholders' equity 2,447,774,000 2,044,759,000
Total liabilities and shareholders' equity $ 15,066,189,000 $ 15,501,476,000