SunTrust 2003 Annual Report Download - page 91

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Annual Report 2003 SunTrust Banks, Inc. 89
NOTE 24
OTHER NONINTEREST INCOME AND FEES AND OTHER CHARGES
Other noninterest income in the Consolidated Statements of Income includes:
Year Ended December 31
(Dollars in thousands) 2003 2002 2001
Trading account profits and commissions $109,878 $103,170 $ 95,683
Other income 150,980 130,953 160,486
Total other noninterest income $260,858 $234,123 $256,169
Fees and other charges in the Consolidated Statements of Income include:
Other charges and fees $326,311 $296,860 $240,284
Investment banking income 192,480 176,960 108,486
Retail investment services 161,753 136,659 107,758
Credit card and other fees 119,585 119,982 113,640
Total fees and other charges $800,129 $730,461 $570,168
NOTE 25
OTHER NONINTEREST EXPENSE
Other noninterest expense in the Consolidated Statements of Income includes:
Year Ended December 31
(Dollars in thousands) 2003 2002 2001
Outside processing and software $246,654 $225,169 $199,093
Credit and collection services 70,316 64,601 74,642
Postage and delivery 69,036 69,377 63,991
Amortization of intangible assets 64,515 58,898 46,258
Communications 61,261 64,845 59,232
Other staff expense 60,353 51,975 58,546
Consulting and legal 57,421 91,067 87,704
Operating supplies 39,837 46,795 48,297
FDIC premiums 17,958 17,352 15,985
Other expense 252,713 210,757 164,473
Total other noninterest expense $940,064 $900,836 $818,221
On January 1, 2001, an unrealized loss of $10.6 million,
net of tax, was recorded as a transition adjustment to other com-
prehensive income for the current value of cash flow hedges that
were not required to be marked to market prior to the adoption
SFAS No. 133. $3.1 million and $7.5 million of this transition
adjustment were reclassified from other comprehensive income as
an expense in 2002 and 2001, respectively. As of December 31,
2002, all of the transition adjustment had been reclassified to
income. Fair value adjustments to accumulated other compre-
hensive income for cash flow hedges in 2003 amounted to
$29.5 million, net of tax.
Other comprehensive income on December 31, 2003
included an unrealized loss of $17.3 million. In the next twelve
months, $12.6 million of these losses is expected to be reclassified
from other comprehensive income to the net interest margin.