BB&T 2007 Annual Report Download - page 99

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BB&T CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
NOTE 10. Long-Term Debt
Long-term debt is summarized as follows:
December 31,
2007 2006
(Dollars in millions)
Parent Company
7.25% Subordinated Notes Due 2007 $ — $ 250
6.50% Subordinated Notes Due 2011 (1,3) 648 647
4.75% Subordinated Notes Due 2012 (1,3) 496 496
5.20% Subordinated Notes Due 2015 (1,3) 997 997
4.90% Subordinated Notes Due 2017 (1,3) 365 362
5.25% Subordinated Notes Due 2019 (1,3) 600 600
Branch Bank
Floating Rate Secured Borrowings Due 2007 (5) — 1,500
Fixed Rate Secured Borrowings Due 2010 (6) 4,000 —
Floating Rate Senior Notes Due 2007 — 1,250
Floating Rate Senior Notes Due 2008 500 500
Floating Rate Senior Notes Due 2009 500 500
Floating Subordinated Notes Due 2016 (1) 350 350
Floating Subordinated Notes Due 2017 (1) 300 —
4.875% Subordinated Notes Due 2013 (1,3) 249 249
5.625% Subordinated Notes Due 2016 (1, 3) 399 399
Federal Home Loan Bank Advances to Branch Bank (4)
Varying maturities to 2027 7,210 6,564
Junior Subordinated Debt to Unconsolidated Trusts (2)
5.85% BB&T Capital Trust I Securities Due 2035 (3) 514 514
6.75% BB&T Capital Trust II Securities Due 2036 598 598
6.82% BB&T Capital Trust IV Securities Due 2077 (7) 600 —
Other Securities (8) 183 168
Other Long-Term Debt 37 5
Hedging (Gains) Losses 147 (45)
Total Long-Term Debt $18,693 $15,904
(1) Subordinated notes that qualify under the risk-based capital guidelines as Tier 2 supplementary capital,
subject to certain limitations.
(2) Securities that qualify under the risk-based capital guidelines as Tier 1 capital, subject to certain limitations.
(3) These fixed rate notes were swapped to floating rates based on LIBOR. At December 31, 2007, the effective
rates paid on these borrowings ranged from 5.08% to 5.66%.
(4) At December 31, 2007, the weighted average cost of these advances was 5.29% and the weighted average
maturity was 8.9 years.
(5) This borrowing was secured primarily by automobile loans and had a variable rate based on LIBOR.
(6) This borrowing is secured by automobile and mortgage loans. The fixed rate was swapped to a
floating rate based on LIBOR.
(7) These securities are fixed rate through June 12, 2037 and then switch to a floating rate based on LIBOR.
(8) These securities were issued by companies acquired by BB&T. At December 31, 2007, the effective rate
paid on these borrowings ranged from 7.09% to 10.07%. These securities have varying maturities through
2035.
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