BB&T 2010 Annual Report Download - page 48
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The following table presents BB&T’s securities portfolio at December 31, 2010, segregated by major
category with ranges of maturities and average yields disclosed.
Table 9
Securities
December 31, 2010
Fair Value Weighted
Average Yield (1)
(Dollars in millions)
U.S. government-sponsored entities (GSE):
Within one year $ 50 0.06%
One to five years 50 4.36
Five to ten years 1 2.70
After ten years 2 4.08
Total 103 2.22
Mortgage-backed securities issued by GSE (2):
One to five years 4 6.74
Five to ten years 331 3.18
After ten years 18,009 1.84
Total 18,344 1.86
Obligations of states and political subdivisions (3):
Within one year 10 6.97
One to five years 5 7.32
Five to ten years 94 6.90
After ten years 1,787 6.57
Total 1,896 6.59
Non-agency mortgage-backed securities (2):
One to five years 1 3.71
Five to ten years 2 5.93
After ten years 512 5.90
Total 515 5.90
Other securities:
One to five years 5 5.33
Five to ten years 8 6.49
After ten years 591 1.31
Total 604 1.41
Covered securities (2):
Five to ten years 196 5.48
After ten years 1,343 13.21
Total 1,539 11.99
Securities with no stated maturity (4) 168 2.16
Total available-for-sale securities $23,169 2.89%
(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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