US Bank 2014 Annual Report Download - page 83

U.S. Bancorp
Consolidated Balance Sheet
At December 31 (Dollars in Millions) 2014 2013
Assets
Cash and due from banks .......................................................................................... $ 10,654 $ 8,477
Investment securities
Held-to-maturity (fair value $45,140 and $38,368, respectively; including $526 and $994 at fair value pledged
as collateral, respectively)(a) .................................................................................. 44,974 38,920
Available-for-sale ($330 and $1,106 pledged as collateral, respectively)(a) ....................................... 56,069 40,935
Loans held for sale (including $4,774 and $3,263 of mortgage loans carried at fair value, respectively) ............ 4,792 3,268
Loans
Commercial ..................................................................................................... 80,377 70,033
Commercial real estate ......................................................................................... 42,795 39,885
Residential mortgages .......................................................................................... 51,619 51,156
Credit card ...................................................................................................... 18,515 18,021
Other retail ...................................................................................................... 49,264 47,678
Total loans, excluding covered loans .......................................................................... 242,570 226,773
Covered loans ................................................................................................... 5,281 8,462
Total loans .................................................................................................... 247,851 235,235
Less allowance for loan losses ............................................................................. (4,039) (4,250)
Net loans .................................................................................................. 243,812 230,985
Premises and equipment .......................................................................................... 2,618 2,606
Goodwill ........................................................................................................... 9,389 9,205
Other intangible assets ............................................................................................ 3,162 3,529
Other assets (including $157 and $111 of trading securities at fair value pledged as collateral, respectively)(a) ..... 27,059 26,096
Total assets................................................................................................... $402,529 $364,021
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing............................................................................................. $ 77,323 $ 76,941
Interest-bearing ................................................................................................. 177,452 156,165
Time deposits greater than $100,000(b) .......................................................................... 27,958 29,017
Total deposits ................................................................................................. 282,733 262,123
Short-term borrowings ............................................................................................ 29,893 27,608
Long-term debt .................................................................................................... 32,260 20,049
Other liabilities ..................................................................................................... 13,475 12,434
Total liabilities ................................................................................................ 358,361 322,214
Shareholders’ equity
Preferred stock.................................................................................................. 4,756 4,756
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares; issued: 2014 and
2013 — 2,125,725,742 shares ................................................................................. 21 21
Capital surplus .................................................................................................. 8,313 8,216
Retained earnings ............................................................................................... 42,530 38,667
Less cost of common stock in treasury: 2014 — 339,859,034 shares; 2013 — 300,977,274 shares ................ (11,245) (9,476)
Accumulated other comprehensive income (loss) ............................................................... (896) (1,071)
Total U.S. Bancorp shareholders’ equity ...................................................................... 43,479 41,113
Noncontrolling interests......................................................................................... 689 694
Total equity ................................................................................................... 44,168 41,807
Total liabilities and equity ..................................................................................... $402,529 $364,021
(a) Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
(b) Includes domestic time deposit balances greater than $250,000 of $5.0 billion and $3.1 billion at December 31, 2014 and 2013, respectively.
See Notes to Consolidated Financial Statements.
U.S. BANCORP The power of potential
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