SunTrust 2007 Annual Report Download - page 151
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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Note 24 – Other Noninterest Expense
Other noninterest expense in the Consolidated Statements of Income includes:
Twelve Months Ended December 31
(Dollars in thousands) 2007 2006 2005
Operating losses over and short $134,028 $44,570 $40,341
Other staff expense 132,496 92,513 90,074
Credit and collection services 112,547 101,610 84,895
Consulting and legal 101,223 112,983 112,625
Postage and delivery 93,182 92,731 85,399
Communications 79,028 72,882 79,245
Operating supplies 48,745 54,034 53,175
FDIC premiums 22,425 22,569 23,083
Other real estate expense/(income) 15,797 170 (1,196)
Other expense 376,984 347,422 341,065
Total other noninterest expense $1,116,455 $941,484 $908,706
Note 25 – SunTrust Banks, Inc. (Parent Company Only) Financial Information
Statements of Income – Parent Company Only
Twelve Months Ended December 31
(Dollars in thousands) 2007 2006 2005
Income
From subsidiaries:
Dividends – substantially all from SunTrust Bank $1,896,976 $1,102,627 $1,860,103
Interest on loans 33,699 26,800 26,143
Trading account profits/(losses) and commissions (242,780) (3,396) 2,513
Other income 135,251 134,293 62,801
Total income 1,823,146 1,260,324 1,951,560
Expense
Interest on short-term borrowings 67,013 23,798 13,889
Interest on long-term debt 273,993 268,120 215,453
Employee compensation and benefits 4,116 32,851 18,506
Service fees to subsidiaries 18,880 25,446 16,250
Other expense 22,051 61,641 65,533
Total expense 386,053 411,856 329,631
Income before income taxes and equity in undistributed income of subsidiaries 1,437,093 848,468 1,621,929
Income tax benefit 131,494 52,805 56,903
Income before equity in undistributed income of subsidiaries 1,568,587 901,273 1,678,832
Equity in undistributed income of subsidiaries 65,428 1,216,198 308,407
Net income 1,634,015 2,117,471 1,987,239
Preferred stock dividends 30,275 7,729 -
Net income available to common shareholders $1,603,740 $2,109,742 $1,987,239
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