BB&T 2010 Annual Report Download - page 168
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The Financial Services segment also includes the Corporate Banking Division that originates and services large
corporate relationships, syndicated lending relationships and client derivatives. The Community Banking
segment receives an interoffice credit for referral fees, with the corresponding charge remaining in the corporate
office, which is reflected as part of Parent/Reconciling Items in the accompanying tables. Amortization and
depreciation expense that has been allocated to the segment totaled $6 million, $8 million, and $11 million for
2010, 2009 and 2008, respectively.
Treasury
BB&T’s Treasury segment is responsible for the management of the securities portfolios, overall balance
sheet funding and liquidity, and overall management of interest rate risk. Amortization and depreciation expense
that has been allocated to the segment was not material for any of the years presented.
All Other
All Other segments represent operating entities that do not meet the quantitative or qualitative thresholds
for disclosure.
Parent/Reconciling Items
Parent/Reconciling Items reflect corporate support functions that have not been allocated to the business
segments, merger-related charges or credits that are incurred as part of acquisition and conversion of acquired
entities, nonrecurring charges that are considered to be unusual in nature or infrequent and not reflective of the
normal operations of the segments, and intercompany eliminations including intersegment net referral fees.
The substantial majority of the loan portfolio acquired in the Colonial acquisition is covered by loss sharing
agreements with the FDIC, and is managed outside of the Community Banking segment. The assets and related
interest income from the portfolio are included in the Parent/Reconciling Items segment.
The following table discloses selected financial information with respect to BB&T’s reportable business
segments for the years indicated:
168