BB&T 2009 Annual Report Download - page 43
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The following table presents BB&T’s securities portfolio at December 31, 2009, segregated by major
category with ranges of maturities and average yields disclosed.
Table 9
Securities
December 31, 2009
Fair Value Weighted
Average Yield (1)
(Dollars in millions)
U.S. government-sponsored entities (GSE):
Within one year $ 51 3.38%
One to five years 138 3.74
Five to ten years 1,844 3.43
After ten years 2 4.02
Total 2,035 3.45
Mortgage-backed securities issued by GSE (2):
Within one year 72 3.51
One to five years 6 5.53
Five to ten years 1,614 4.28
After ten years 24,978 3.83
Total 26,670 3.85
Obligations of states and political subdivisions (3):
Within one year 33 6.94
One to five years 22 7.15
Five to ten years 60 7.04
After ten years 1,976 6.29
Total 2,091 6.33
Non-agency mortgage-backed securities (2):
Five to ten years 34 4.80
After ten years 988 5.77
Total 1,022 5.75
Other securities:
Within one year 1 3.13
One to five years 2 5.22
After ten years 7 2.55
Total 10 3.12
Covered securities (2):
Five to ten years 109 5.32
After ten years 1,092 12.90
Total 1,201 12.19
Trading securities and securities with no stated maturity (4) 1,516 1.02
Total securities (5) $34,545 4.21
(1) Yields on tax-exempt securities are calculated on a taxable-equivalent basis using the statutory federal
income tax rate of 35%. Yields for available-for-sale securities are calculated based on the amortized cost of
the securities.
(2) For purposes of the maturity table, mortgage-backed securities, which are not due at a single maturity date,
have been included in maturity groupings based on the contractual maturity. The expected life of mortgage-
backed securities will differ from contractual maturities because borrowers may have the right to call or
prepay the underlying mortgage loans with or without call or prepayment penalties.
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