US Bank 2005 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2005 US Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

U.S. BANCORP
CONSOLIDATED BALANCE SHEET
At December 31 (Dollars in Millions) 2005 2004
Assets
Cash and due from banks *********************************************************************************** $ 8,004 $ 6,336
Investment securities
Held-to-maturity (fair value $113 and $132, respectively) ****************************************************** 109 127
Available-for-sale***************************************************************************************** 39,659 41,354
Loans held for sale****************************************************************************************** 1,686 1,439
Loans
Commercial ********************************************************************************************* 42,942 40,173
Commercial real estate *********************************************************************************** 28,463 27,585
Residential mortgages ************************************************************************************ 20,730 15,367
Retail ************************************************************************************************** 45,671 43,190
Total loans******************************************************************************************* 137,806 126,315
Less allowance for loan losses ********************************************************************** (2,041) (2,080)
Net loans **************************************************************************************** 135,765 124,235
Premises and equipment************************************************************************************* 1,841 1,890
Customers’ liability on acceptances *************************************************************************** 61 95
Goodwill *************************************************************************************************** 7,005 6,241
Other intangible assets ************************************************************************************** 2,874 2,387
Other assets *********************************************************************************************** 12,461 11,000
Total assets****************************************************************************************** $209,465 $195,104
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing ************************************************************************************** $ 32,214 $ 30,756
Interest-bearing****************************************************************************************** 70,024 71,936
Time deposits greater than $100,000*********************************************************************** 22,471 18,049
Total deposits **************************************************************************************** 124,709 120,741
Short-term borrowings*************************************************************************************** 20,200 13,084
Long-term debt********************************************************************************************* 37,069 34,739
Acceptances outstanding ************************************************************************************ 61 95
Other liabilities ********************************************************************************************** 7,340 6,906
Total liabilities **************************************************************************************** 189,379 175,565
Shareholders’ equity
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares issued: 2005 and 2004 —
1,972,643,007 shares ********************************************************************************* 20 20
Capital surplus ****************************************************************************************** 5,907 5,902
Retained earnings *************************************************************************************** 19,001 16,758
Less cost of common stock in treasury: 2005 — 157,689,004 shares; 2004 — 115,020,064 shares***************** (4,413) (3,125)
Other comprehensive income****************************************************************************** (429) (16)
Total shareholders’ equity ****************************************************************************** 20,086 19,539
Total liabilities and shareholders’ equity ****************************************************************** $209,465 $195,104
See Notes to Consolidated Financial Statements.
62 U.S. BANCORP