BB&T 2010 Annual Report Download - page 98

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BB&T CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2010 and 2009
(Dollars in millions, except per share data, shares in thousands)
December 31,
2010 December 31,
2009
Assets
Cash and due from banks $ 1,127 $ 1,584
Interest-bearing deposits with banks 931 667
Federal funds sold and securities purchased under resale agreements or
similar arrangements 327 398
Segregated cash due from banks 309 270
Trading securities at fair value 633 636
Securities available for sale at fair value ($1,539 and $1,201 covered by FDIC
loss share at December 31, 2010 and December 31, 2009, respectively) 23,169 33,253
Loans held for sale ($3,176 and $2,551 at fair value at December 31, 2010 and
December 31, 2009, respectively) 3,697 2,551
Loans and leases ($6,194 and $8,019 covered by FDIC loss share at
December 31, 2010 and December 31, 2009, respectively) 103,567 103,656
Allowance for loan and lease losses (2,708) (2,600)
Loans and leases, net of allowance for loan and lease losses 100,859 101,056
FDIC loss share receivable 1,922 3,062
Premises and equipment 1,840 1,583
Goodwill 6,008 6,053
Core deposit and other intangible assets 508 640
Residential mortgage servicing rights at fair value 830 832
Other assets ($360 and $215 of foreclosed property and other assets covered by
FDIC loss share at December 31, 2010 and December 31, 2009, respectively) 14,921 13,179
Total assets $ 157,081 $ 165,764
Liabilities and Shareholders’ Equity
Deposits:
Noninterest-bearing deposits $ 20,637 $ 18,945
Interest-bearing deposits 86,576 96,020
Total deposits 107,213 114,965
Federal funds purchased, securities sold under repurchase agreements and
short-term borrowed funds 5,673 8,106
Long-term debt 21,730 21,376
Accounts payable and other liabilities 5,967 5,076
Total liabilities 140,583 149,523
Commitments and contingencies (Note 16)
Shareholders’ equity:
Common stock, $5 par 3,472 3,449
Additional paid-in capital 5,776 5,620
Retained earnings 7,935 7,539
Accumulated other comprehensive loss, net of deferred income taxes of $(452)
at December 31, 2010 and $(257) at December 31, 2009 (747) (417)
Noncontrolling interest 62 50
Total shareholders’ equity 16,498 16,241
Total liabilities and shareholders’ equity $ 157,081 $ 165,764
Common shares outstanding 694,381 689,750
Common shares authorized 2,000,000 1,000,000
Preferred shares authorized 5,000 5,000
The accompanying notes are an integral part of these consolidated financial statements.
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