SunTrust 2005 Annual Report Download - page 47
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SUNTRUST ANNUAL REPORT 45
TABLE • Consolidated Daily Average Balances, Income/Expense and Average Yields Earned and Rates Paid
Three Months Ended December
Average Income/ Yields/ Average Income/ Yields/
(Dollars in millions; yields on taxable-equivalent basis) Balances Expense Rates Balances Expense Rates
Assets
Loans:
Taxable ,. ,. .% ,. ,. .%
Tax-exempt ,. . . ,. . .
Total loans ,. ,. . ,. ,. .
Securities available for sale:
Taxable ,. . . ,. . .
Tax-exempt . . . . . .
Total securities available for sale ,. . . ,. . .
Funds sold and securities purchased
under agreements to resell ,. . . ,. . .
Loans held for sale ,. . . ,. . .
Interest-bearing deposits . . . . . .
Trading assets ,. . . ,. . .
Total earning assets ,. ,. . ,. ,. .
Allowance for loan and lease losses (,.) (,.)
Cash and due from banks ,. ,.
Premises and equipment ,. ,.
Other assets ,. ,.
Unrealized gains on securities
available for sale ,. ,.
Total assets ,. ,.
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
NOW accounts ,. . .% ,. . .%
Money market accounts ,. . . ,. . .
Savings ,. . . ,. . .
Consumer time ,. . . ,. . .
Other time ,. . . ,. . .
Total interest-bearing consumer and
commercial deposits ,. . . ,. . .
Brokered deposits ,. . . ,. . .
Foreign deposits ,. . . ,. . .
Total interest-bearing deposits ,. . . ,. . .
Funds purchased and securities sold
under agreements to repurchase ,. . . ,. . .
Other short-term borrowings ,. . . ,. . .
Long-term debt ,. . . ,. . .
Total interest-bearing liabilities ,. . . ,. . .
Noninterest-bearing deposits ,. ,.
Other liabilities ,. ,.
Shareholders’ equity ,. ,.
Total liabilities and
shareholders’ equity ,. ,.
Interest Rate Spread .% .%
Net Interest Income-FTE ,. ,.
Net Interest Margin .% .%
Interest income includes loan fees of . million and . million in the quarters ended December , and December , , respectively. Nonaccrual loans are included in average balances and income on
such loans, if recognized, is recorded on a cash basis.
Interest income includes the effects of taxable-equivalent adjustments using a federal income tax rate of % and, where applicable, state income taxes to increase tax-exempt interest income to a taxable-equivalent
basis. The net taxable-equivalent adjustment amounts included in the above table aggregated . million and . million in the quarters ended December , and December , , respectively.
Derivative instruments used to help balance the Company’s interest-sensitivity position increased net interest income . million and . million in the quarters ended December , and December , ,
respectively.