BB&T 2007 Annual Report Download - page 11

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The following table reflects BB&T’s deposit market share and branch locations by state at December 31,
2007.
Table 1
BB&T Deposit Market Share and Branch Locations by State
December 31, 2007
%of
BB&T’s
Deposits (2)
Deposit
Market
Share
Rank (2) Number of
Branches
Virginia 26% 2nd 393
North Carolina (1) 26 2nd 346
Georgia 11 5th 158
Maryland 8 6th 131
South Carolina 9 3rd 115
Florida 5 10th 109
Kentucky 5 4th 89
West Virginia 6 1st 78
Tennessee 3 5th 58
Washington, D.C. 1 7th 11
(1) Excludes home office deposits.
(2) Source: FDIC.gov—data as of June 30, 2007.
In addition to the markets described in the table above, BB&T operates two branches in Alabama and two
branches in Indiana. Please refer to Note 21 “Operating Segments” in the “Notes to Consolidated Financial
Statements” for additional disclosures.
Executive Overview
Significant accomplishments in 2007
In the opinion of BB&T’s management, the Corporation’s most significant accomplishments during 2007 were
as follows (amounts include the impact of acquisitions where applicable):
ŠStrong performance relative to the industry
ŠAvoided major market disruptions
ŠAverage loans increased 10.9%
ŠAverage client deposits increased 9.2%
ŠService charges revenue increased 11.5%
ŠStrong relative performance from insurance agency operations
ŠEffective expense control
ŠFee income increased 6.9%
ŠAsset quality remained healthier than peers
Š90,000 net new transaction deposit accounts were added
ŠHouseholds utilizing 5 or more BB&T services grew to 31%
ŠThe number of clients utilizing online banking services increased 21% to approximately 2.5 million
Š35 de novo branch locations were opened
ŠMaintained superior retail service quality
ŠBB&T brand awareness improved
ŠAcquisition and conversion of Coastal Financial Corporation was completed
ŠAcquisitions of several nonbank financial services companies were completed
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