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Table 2 – Consolidated Daily Average Balances, Income/Expense And Average Yields Earned And Rates Paid
2007 2006 2005
(Dollars in millions; yields
on taxable-equivalent basis)
Average
Balances
Income/
Expense
Yields/
Rates
Average
Balances
Income/
Expense
Yields/
Rates
Average
Balances
Income/
Expense
Yields/
Rates
Assets
Loans:1
Real estate 1-4 family $31,951.0 $2,036.5 6.37% $33,523.5 $2,022.6 6.03% $26,972.2 $1,459.4 5.41%
Real estate construction 13,519.4 1,011.0 7.48 12,333.9 923.8 7.49 9,621.6 598.9 6.22
Real estate home equity lines 14,031.0 1,088.2 7.76 13,565.2 1,032.3 7.61 12,361.1 740.4 5.99
Real estate commercial 12,803.4 887.5 6.93 12,803.7 866.6 6.77 11,865.6 691.4 5.83
Commercial - FTE234,194.4 2,202.6 6.44 33,836.1 2,087.4 6.17 32,852.2 1,688.7 5.14
Credit card 495.9 17.7 3.57 315.3 19.1 6.09 226.7 14.9 6.58
Consumer - direct 4,221.0 304.9 7.22 4,460.8 313.6 7.03 5,690.7 336.3 5.91
Consumer - indirect 8,017.5 495.4 6.18 8,376.6 477.6 5.70 8,833.4 476.7 5.40
Nonaccrual and restructured 847.0 17.3 2.05 430.1 16.6 3.85 318.5 13.2 4.14
Total loans 120,080.6 8,061.1 6.71 119,645.2 7,759.6 6.49 108,742.0 6,019.9 5.54
Securities available for sale:
Taxable 10,274.1 639.1 6.22 23,430.9 1,146.8 4.89 25,557.9 1,137.0 4.45
Tax-exempt21,043.8 62.2 5.96 954.5 55.8 5.85 868.7 51.7 5.95
Total securities available for sale 11,317.9 701.3 6.20 24,385.4 1,202.6 4.93 26,426.6 1,188.7 4.50
Funds sold and securities under agreements to resell 995.6 48.8 4.91 1,158.6 57.0 4.92 1,404.8 43.2 3.08
Loans held for sale 10,786.7 668.9 6.20 11,082.8 728.0 6.57 8,447.8 485.7 5.75
Interest-bearing deposits 24.0 1.3 5.44 93.4 3.3 3.59 25.0 0.9 3.47
Interest earning trading assets 11,999.6 657.2 5.48 2,063.3 129.5 6.28 1,593.6 68.4 4.29
Total earning assets 155,204.4 10,138.6 6.53 158,428.7 9,880.0 6.24 146,639.8 7,806.8 5.32
Allowance for loan and lease losses (1,065.7) (1,061.3) (1,041.8)
Cash and due from banks 3,456.6 3,834.8 4,313.4
Other assets 16,700.5 16,534.9 15,432.5
Noninterest earning trading assets 1,198.9 957.5 795.5
Unrealized net gains on securities available for sale 2,300.8 1,620.5 1,949.4
Total assets $177,795.5 $180,315.1 $168,088.8
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
NOW accounts $20,042.8 $473.9 2.36% $17,214.4 $307.8 1.79% $17,213.7 $168.9 0.98%
Money market accounts 22,676.7 622.5 2.75 24,507.9 634.5 2.59 25,589.2 438.9 1.72
Savings 4,608.7 55.5 1.20 5,371.1 79.1 1.47 6,320.0 57.1 0.90
Consumer time 16,941.3 764.2 4.51 15,622.7 614.6 3.93 12,526.4 354.8 2.83
Other time 12,073.5 586.3 4.86 11,146.9 492.9 4.42 7,390.7 238.7 3.23
Total interest-bearing consumer and commercial
deposits 76,343.0 2,502.4 3.28 73,863.0 2,128.9 2.88 69,040.0 1,258.4 1.82
Brokered deposits 16,091.9 861.2 5.35 17,425.7 880.5 5.05 10,182.2 354.5 3.48
Foreign deposits 5,764.5 297.2 5.16 9,064.5 455.3 5.02 6,869.3 220.1 3.20
Total interest-bearing deposits 98,199.4 3,660.8 3.73 100,353.2 3,464.7 3.45 86,091.5 1,833.0 2.13
Federal funds purchased 3,266.2 166.5 5.10 4,439.5 222.9 5.02 3,888.3 128.5 3.31
Securities sold under agreements to repurchase 6,132.5 273.8 4.46 7,087.0 320.1 4.52 6,443.0 183.7 2.85
Interest-bearing trading liabilities 430.2 15.6 3.62 404.9 15.5 3.84 431.6 11.8 2.75
Other short-term borrowings 2,493.0 121.0 4.85 1,507.1 74.5 4.93 2,595.0 83.1 3.20
Long-term debt 20,692.9 1,078.7 5.21 18,600.7 1,033.9 5.56 21,713.9 912.2 4.20
Total interest-bearing liabilities 131,214.2 5,316.4 4.05 132,392.4 5,131.6 3.88 121,163.3 3,152.3 2.60
Noninterest-bearing deposits 21,677.2 23,312.3 24,315.0
Other liabilities 5,783.1 5,895.2 5,421.5
Noninterest-bearing trading liabilities 1,313.0 1,168.5 662.7
Shareholders’ equity 17,808.0 17,546.7 16,526.3
Total liabilities and shareholders’ equity $177,795.5 $180,315.1 $168,088.8
Interest Rate Spread 2.48% 2.36% 2.72%
Net Interest Income - FTE3$4,822.2 $4,748.4 $4,654.5
Net Interest Margin43.11% 3.00% 3.17%
1Beginning in 2007 and for each of the three years ended December 31, the interest income includes loan fees of $119.8 million, $115.1 million and $123.6 million, respectively. Nonaccrual loans are included in average
balances and income on such loans, if recognized, is recorded on a cash basis.
2Interest income includes the effects of taxable-equivalent adjustments using a federal income tax rate of 35% for all years reported and where applicable, state income taxes, to increase tax-exempt interest income to a taxable-
equivalent basis. Beginning in 2007 and for each of the three years ended December 31, the net taxable-equivalent adjustment amounts included in the above table were $102.7 million, $88.0 million and $75.5 million,
respectively.
3Derivative instruments used to help balance our interest-sensitivity position decreased net interest income by $25.6 million in 2007 and $105.6 million in 2006 and increased net interest income by $104.4 million in 2005.
4The net interest margin is calculated by dividing net interest income – FTE by average total earning assets.
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