SunTrust 2007 Annual Report Download - page 91

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SUNTRUST BANKS, INC.
Consolidated Balance Sheets
(Dollars in thousands)
As of
December 31
2007
December 31
2006
Assets
Cash and due from banks $4,270,917 $4,235,889
Interest-bearing deposits in other banks 24,355 21,810
Funds sold and securities purchased under agreements to resell 1,347,329 1,050,046
Cash and cash equivalents 5,642,601 5,307,745
Trading assets 10,518,379 2,777,629
Securities available for sale116,264,107 25,101,715
Loans held for sale (loans at fair value: $6,325,160 at December 31, 2007) 8,851,695 11,790,122
Loans (loans at fair value: $220,784 as of December 31, 2007) 122,318,994 121,454,333
Allowance for loan and lease losses (1,282,504) (1,044,521)
Net loans 121,036,490 120,409,812
Premises and equipment 1,595,691 1,977,412
Goodwill 6,921,493 6,889,860
Other intangible assets 1,362,995 1,181,984
Customers’ acceptance liability 22,418 15,878
Other real estate owned 183,753 55,460
Other assets 7,174,311 6,653,992
Total assets $179,573,933 $182,161,609
Liabilities and Shareholders’ Equity
Noninterest-bearing consumer and commercial deposits $21,083,234 $22,887,176
Interest-bearing consumer and commercial deposits 80,786,791 76,888,712
Total consumer and commercial deposits 101,870,025 99,775,888
Brokered deposits (CDs at fair value: $234,345 as of December 31, 2007; $97,370 as of
December 31, 2006) 11,715,024 18,150,059
Foreign deposits 4,257,601 6,095,682
Total deposits 117,842,650 124,021,629
Funds purchased 3,431,185 4,867,591
Securities sold under agreements to repurchase 5,748,277 6,950,426
Other short-term borrowings 3,021,358 2,062,636
Long-term debt (debt at fair value: $7,446,980 as of December 31, 2007) 22,956,508 18,992,905
Acceptances outstanding 22,418 15,878
Trading liabilities 2,160,385 1,634,097
Other liabilities 6,338,634 5,802,841
Total liabilities 161,521,415 164,348,003
Preferred stock, no par value (liquidation preference of $100,000 per share) 500,000 500,000
Common stock, $1.00 par value 370,578 370,578
Additional paid in capital 6,707,293 6,627,196
Retained earnings 10,646,640 10,541,152
Treasury stock, at cost, and other (1,779,142) (1,151,269)
Accumulated other comprehensive income, net of tax 1,607,149 925,949
Total shareholders’ equity 18,052,518 17,813,606
Total liabilities and shareholders’ equity $179,573,933 $182,161,609
Common shares outstanding 348,411,163 354,902,566
Common shares authorized 750,000,000 750,000,000
Preferred shares outstanding 5,000 5,000
Preferred shares authorized 50,000,000 50,000,000
Treasury shares of common stock 22,167,235 15,675,832
1Includes net unrealized gains on securities available for sale $2,724,643 $2,103,362
See Notes to Consolidated Financial Statements.
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