Comerica 2011 Annual Report Download - page 54

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F-17
BALANCE SHEET AND CAPITAL FUNDS ANALYSIS
Total assets were $61.0 billion at December 31, 2011, an increase of $7.3 billion from $53.7 billion at December 31,
2010, reflecting the acquisition of Sterling and including net increases of $2.5 billion in investment securities available-for-sale,
$2.4 billion in total loans, and $1.2 billion in interest-bearing deposits with banks. On an average basis, total assets increased $1.4
billion to $56.9 billion in 2011, compared to 2010, reflecting five months of Sterling and resulting primarily from net increases
in average investment securities available-for-sale ($1.0 billion) and average interest-bearing deposits with banks ($550 million),
partially offset by a net decrease in average loans ($442 million). Total liabilities increased $6.3 billion to $54.1 billion at December
31, 2011, compared to December 31, 2010, reflecting the acquisition of Sterling and primarily including a $7.3 billion increase
in total deposits, partially offset by a $1.2 billion decrease in medium- and long-term debt. On an average basis, total liabilities
increased $1.1 billion to $50.6 billion in 2011, from $49.5 billion in 2010, reflecting five months of Sterling and primarily including
an increase of $4.3 billion in average deposits, partially offset by a decrease of $3.2 billion in in medium- and long-term debt.
ANALYSIS OF INVESTMENT SECURITIES AND LOANS
(in millions)
December 31
U.S. Treasury and other U.S. government agency securities
Residential mortgage-backed securities
State and municipal securities (a)
Corporate debt securities:
Auction-rate debt securities
Other corporate debt securities
Equity and other non-debt securities:
Auction-rate preferred securities
Money market and other mutual funds
Total investment securities available-for-sale
Commercial loans
Real estate construction loans:
Commercial Real Estate business line (b)
Other business lines (c)
Total real estate construction loans
Commercial mortgage loans:
Commercial Real Estate business line (b)
Other business lines (c)
Total commercial mortgage loans
Lease financing
International loans:
Banks and other financial institutions
Commercial and industrial
Total international loans
Residential mortgage loans
Consumer loans:
Home equity
Other consumer
Total consumer loans
Total loans
2011
$ 20
9,512
24
1
46
408
93
$ 10,104
$ 24,996
1,103
430
1,533
2,507
7,757
10,264
905
18
1,152
1,170
1,526
1,655
630
2,285
$ 42,679
2010
$ 131
6,709
39
1
26
570
84
$ 7,560
$ 22,145
1,826
427
2,253
1,937
7,830
9,767
1,009
2
1,130
1,132
1,619
1,704
607
2,311
$ 40,236
2009
$ 103
6,261
47
150
50
706
99
$ 7,416
$ 21,690
3,002
459
3,461
1,889
8,568
10,457
1,139
1
1,251
1,252
1,651
1,817
694
2,511
$ 42,161
2008
$ 79
7,861
66
147
42
936
70
$ 9,201
$ 27,999
3,844
633
4,477
1,725
8,764
10,489
1,343
7
1,746
1,753
1,852
1,796
796
2,592
$ 50,505
2007
$ 36
6,165
3
—
46
—
46
$ 6,296
$ 28,223
4,100
716
4,816
1,467
8,581
10,048
1,351
27
1,899
1,926
1,915
1,616
848
2,464
$ 50,743
(a) Primarily auction-rate securities.
(b) Primarily loans to real estate investors and developers.
(c) Primarily loans secured by owner-occupied real estate.
EARNING ASSETS
Total earning assets increased $6.1 billion, or 12 percent, to $55.5 billion at December 31, 2011, from $49.4 billion at
December 31, 2010. Average earning asset balances are provided in the “Analysis of Net Interest Income-Fully Taxable Equivalent”
table of this financial review.