Bank of America 2006 Annual Report Download - page 97

Second Quarter 2006 First Quarter 2006 Fourth Quarter 2005
(Dollars in millions)
Average
Balance
Interest
Income/
Expense
Yield/
Rate
Average
Balance
Interest
Income/
Expense
Yield/
Rate
Average
Balance
Interest
Income/
Expense
Yield/
Rate
Earning assets
Time deposits placed and other short-term investments
$ 16,691 $ 168 4.05% $ 14,347 $ 139 3.92% $ 14,619 $ 133 3.59%
Federal funds sold and securities purchased under
agreements to resell 179,104 1,900 4.25 174,711 1,709 3.94 165,908 1,477 3.55
Trading account assets 133,556 1,712 5.13 133,361 1,623 4.89 139,441 1,648 4.72
Debt securities
(1)
236,967 3,162 5.34 234,606 3,043 5.19 221,411 2,842 5.13
Loans and leases
(2)
:
Residential mortgage 197,228 2,731 5.54 184,796 2,524 5.48 178,764 2,427 5.42
Credit card – domestic 64,980 2,168 13.38 68,169 2,180 12.97 56,858 1,748 12.19
Credit card – foreign 8,305 269 12.97 8,403 287 13.86 – – –
Home equity lines 67,182 1,231 7.35 64,198 1,112 7.02 60,571 1,011 6.63
Direct/Indirect consumer
(3)
56,715 1,057 7.46 55,025 986 7.24 47,181 703 5.91
Other consumer
(4)
10,804 294 10.95 10,357 272 10.59 6,653 182 11.01
Total consumer 405,214 7,750 7.66 390,948 7,361 7.60 350,027 6,071 6.90
Commercial – domestic 148,445 2,695 7.28 144,693 2,490 6.97 137,224 2,279 6.59
Commercial real estate
(5)
36,749 680 7.41 36,676 632 6.99 36,017 597 6.58
Commercial lease financing 20,896 262 5.01 20,512 247 4.82 20,178 241 4.79
Commercial – foreign 24,345 456 7.52 23,139 427 7.48 20,143 379 7.45
Total commercial 230,435 4,093 7.12 225,020 3,796 6.83 213,562 3,496 6.50
Total loans and leases 635,649 11,843 7.47 615,968 11,157 7.32 563,589 9,567 6.75
Other earning assets 51,928 808 6.24 46,618 718 6.22 40,582 594 5.83
Total earning assets (6) 1,253,895 19,593 6.26 1,219,611 18,389 6.08 1,145,550 16,261 5.65
Cash and cash equivalents 35,070 34,857 33,693
Other assets, less allowance for loan and lease losses 167,039 161,905 125,814
Total assets $1,456,004 $1,416,373 $1,305,057
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings $ 35,681 $ 76 0.84% $ 35,550 $ 76 0.87% $ 35,535 $ 68 0.76%
NOW and money market deposit accounts 221,198 996 1.81 227,606 908 1.62 224,122 721 1.28
Consumer CDs and IRAs 141,408 1,393 3.95 135,068 1,177 3.53 120,321 1,028 3.39
Negotiable CDs, public funds and other time deposits 13,005 123 3.80 8,551 70 3.30 5,085 27 2.13
Total domestic interest-bearing deposits 411,292 2,588 2.52 406,775 2,231 2.22 385,063 1,844 1.90
Foreign interest-bearing deposits:
Banks located in foreign countries 32,456 489 6.05 30,116 424 5.71 24,451 356 5.77
Governments and official institutions 13,428 155 4.63 10,200 107 4.25 7,579 74 3.84
Time, savings and other 37,178 276 2.98 35,136 245 2.83 32,624 202 2.46
Total foreign interest-bearing deposits 83,062 920 4.44 75,452 776 4.17 64,654 632 3.87
Total interest-bearing deposits 494,354 3,508 2.85 482,227 3,007 2.53 449,717 2,476 2.18
Federal funds purchased, securities sold under
agreements to repurchase and other short-term borrowings 408,734 4,842 4.75 399,896 4,309 4.37 364,140 3,855 4.20
Trading account liabilities 61,263 596 3.90 52,466 517 3.99 56,880 619 4.32
Long-term debt 125,620 1,721 5.48 117,018 1,516 5.18 99,601 1,209 4.85
Total interest-bearing liabilities (6) 1,089,971 10,667 3.92 1,051,607 9,349 3.60 970,338 8,159 3.34
Noninterest-bearing sources:
Noninterest-bearing deposits 180,442 177,594 179,205
Other liabilities 58,218 56,019 55,566
Shareholders’ equity 127,373 131,153 99,948
Total liabilities and shareholders’ equity $1,456,004 $1,416,373 $1,305,057
Net interest spread 2.34% 2.48% 2.31%
Impact of noninterest-bearing sources 0.51 0.50 0.51
Net interest income/yield on earning assets (7) $ 8,926 2.85% $ 9,040 2.98% $ 8,102 2.82%
Bank of America 2006 95