SunTrust 2004 Annual Report Download - page 72

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70 SUNTRUST 2004 ANNUAL REPORT
CONSOLIDATED BALANCE SHEETS
At December 31
(Dollars in thousands) 2004 2003
Assets
Cash and due from banks $ 3,876,741 $ 3,931,653
Interest-bearing deposits in other banks 15,929 16,329
Funds sold and securities purchased under agreements to resell 1,596,269 1,373,392
Trading assets 2,183,645 1,710,467
Securities available for sale128,941,080 25,606,884
Loans held for sale 6,580,223 5,552,060
Loans 101,426,172 80,732,321
Allowance for loan losses (1,050,024) (941,922)
Net loans 100,376,148 79,790,399
Premises and equipment 1,860,415 1,595,307
Goodwill 6,806,013 1,077,638
Other intangible assets 1,061,451 639,619
Customers’ acceptance liability 12,105 63,014
Other assets 5,559,765 3,893,721
Total assets $158,869,784 $125,250,483
Liabilities and Shareholders’ Equity
Noninterest-bearing consumer and commercial deposits $ 24,878,314 $ 21,001,324
Interest-bearing consumer and commercial deposits 67,231,381 51,923,322
Total consumer and commercial deposits 92,109,695 72,924,646
Brokered deposits 6,100,911 3,184,084
Foreign deposits 5,150,645 5,080,789
Total deposits 103,361,251 81,189,519
Funds purchased and securities sold under agreements to repurchase 9,342,831 9,505,246
Other short-term borrowings 2,062,549 4,061,146
Acceptances outstanding 12,105 63,014
Trading liabilities 1,098,563 1,020,142
Long-term debt 22,127,166 15,313,922
Other liabilities 4,878,420 4,366,328
Total liabilities 142,882,885 115,519,317
Commitments and contingencies – Notes 8, 13, 17, 18 and 21
Preferred stock, no par value; 50,000,000 shares authorized; none issued ——
Common stock, $1.00 par value 370,578 294,163
Additional paid in capital 6,749,219 1,288,311
Retained earnings 8,118,710 7,149,118
Treasury stock and other (528,558) (664,518)
Accumulated other comprehensive income 1,276,950 1,664,092
Total shareholders’ equity 15,986,899 9,731,166
Total liabilities and shareholders’ equity $158,869,784 $125,250,483
Common shares outstanding 360,840,710 281,923,057
Common shares authorized 750,000,000 750,000,000
Treasury shares of common stock 9,737,688 12,239,700
1Includes net unrealized gains on securities available for sale $ 2,010,165 $ 2,614,512
See notes to Consolidated Financial Statements.