SunTrust 2008 Annual Report Download - page 172

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Note 23 - Accumulated Other Comprehensive Income
(Dollars in thousands)
Pre-tax
Amount
Income Tax
(Expense)
Benefit
After-tax
Amount
Accumulated Other Comprehensive Income
Accumulated other comprehensive income, January 1, 2006 $1,417,992 ($479,901) $938,091
Unrealized net gain on securities 474,003 (180,121) 293,882
Unrealized net gain on derivatives 52,674 (20,016) 32,658
Change related to employee benefit plans 9,482 (3,603) 5,879
Adoption of SFAS No. 158 (621,011) 235,984 (385,027)
Reclassification adjustment for realized gains and losses on securities 59,499 (22,610) 36,889
Reclassification adjustment for realized gains and losses on derivatives 5,770 (2,193) 3,577
Accumulated other comprehensive income, December 31, 2006 1,398,409 (472,460) 925,949
Unrealized net gain on securities 666,387 (253,227) 413,160
Unrealized net gain on derivatives 240,816 (91,510) 149,306
Change related to employee benefit plans 113,550 (43,149) 70,401
Adoption of SFAS No. 159 231,211 (83,837) 147,374
Pension plan changes and resulting remeasurement 128,560 (48,853) 79,707
Reclassification adjustment for realized gains and losses on securities (272,861) 103,687 (169,174)
Reclassification adjustment for realized gains and losses on derivatives (15,442) 5,868 (9,574)
Accumulated other comprehensive income, December 31, 2007 2,490,630 (883,481) 1,607,149
Unrealized net gain on securities (238,013) 186,343 (51,670)
Unrealized net gain on derivatives 1,337,260 (535,772) 801,488
Change related to employee benefit plans (812,782) 304,857 (507,925)
Reclassification adjustment for realized gains and losses on securities (1,073,300) 318,384 (754,916)
Reclassification adjustment for realized gains and losses on derivatives (180,689) 67,688 (113,001)
Accumulated other comprehensive income, December 31, 2008 $1,523,106 ($541,981) $981,125
The components of accumulated other comprehensive income at December 31 were as follows:
(Dollars in thousands) 2008 2007 2006
Unrealized net gain on available for sale securities $887,361 $1,693,947 $1,302,588
Unrealized net gain on derivative financial instruments 847,115 158,628 18,896
Employee benefit plans (753,351) (245,426) (395,535)
Total accumulated other comprehensive income $981,125 $1,607,149 $925,949
Note 24 - Other Noninterest Expense
Other noninterest expense in the Consolidated Statements of Income includes:
Twelve Months Ended December 31
(Dollars in thousands) 2008 2007 2006
Credit and collection services $156,445 $112,547 $101,610
Other real estate expense 104,684 15,797 170
Postage and delivery 90,055 93,182 92,731
Other staff expense 70,313 132,496 92,513
Communications 69,417 79,028 72,882
Consulting and legal 58,639 101,223 112,983
Regulatory assessments 54,876 22,425 22,569
Operating supplies 44,257 48,745 54,034
Other expense 339,488 376,810 347,422
Total other noninterest expense $988,174 $982,253 $896,914
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