BB&T 2007 Annual Report Download - page 74

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BB&T CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2007 and 2006
(Dollars in millions, except per share data, shares in thousands)
2007 2006
Assets
Cash and due from banks $ 2,050 $ 2,024
Interest-bearing deposits with banks 388 435
Federal funds sold and securities purchased under resale agreements or similar
arrangements 679 253
Segregated cash due from banks 208 153
Trading securities at fair value 1,009 2,147
Securities available for sale at fair value 22,419 20,721
Loans held for sale 779 680
Loans and leases, net of unearned income 90,907 82,911
Allowance for loan and lease losses (1,004) (888)
Loans and leases, net 89,903 82,023
Premises and equipment, net of accumulated depreciation 1,529 1,410
Goodwill 5,194 4,827
Core deposit and other intangible assets 489 454
Residential mortgage servicing rights at fair value 472 484
Other assets 7,499 5,740
Total assets $132,618 $121,351
Liabilities and Shareholders’ Equity
Deposits:
Noninterest-bearing deposits $ 13,059 $ 13,393
Interest checking 1,201 1,333
Other client deposits 35,504 34,062
Client certificates of deposit 26,972 24,987
Other interest-bearing deposits 10,030 7,196
Total deposits 86,766 80,971
Federal funds purchased, securities sold under repurchase agreements and short-term
borrowed funds 10,634 8,087
Long-term debt 18,693 15,904
Accounts payable and other liabilities 3,893 4,644
Total liabilities 119,986 109,606
Commitments and contingencies (Notes 6 and 15)
Shareholders’ equity:
Preferred stock, $5 par, 5,000 shares authorized, none issued or outstanding at
December 31, 2007 or at December 31, 2006 — —
Common stock, $5 par, 1,000,000 shares authorized;
545,955 issued and outstanding at December 31, 2007 and 541,475 issued and outstanding
at December 31, 2006 2,730 2,707
Additional paid-in capital 3,087 2,801
Retained earnings 6,919 6,596
Accumulated other comprehensive loss, net of deferred income taxes of $(65) at
December 31, 2007 and $(212) at December 31, 2006 (104) (359)
Total shareholders’ equity 12,632 11,745
Total liabilities and shareholders’ equity $132,618 $121,351
The accompanying notes are an integral part of these consolidated financial statements.
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