Fifth Third Bank 2007 Annual Report Download - page 55

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CONSOLIDATED BALANCE SHEETS
Fifth Third Bancorp 53
As of December 31 ($ in millions, except share data) 2007 2006
Assets
Cash and due from banks $2,687 2,737
Available-for-sale and other securities (a) 10,677 11,053
Held-to-maturity securities (b) 355 356
Trading securities 171 187
Other short-term investments 593 809
Loans held for sale 4,329 1,150
Portfolio loans and leases:
Commercial loans 24,813 20,831
Commercial mortgage loans 11,862 10,405
Commercial construction loans 5,561 6,168
Commercial leases 3,737 3,841
Residential mortgage loans 10,540 8,830
Home equity 11,874 12,153
Automobile loans 9,201 10,028
Credit card 1,591 1,004
Other consumer loans and leases 1,074 1,093
Portfolio loans and leases 80,253 74,353
Allowance for loan and lease losses (937) (771)
Portfolio loans and leases, net 79,316 73,582
Bank premises and equipment 2,223 1,940
Operating lease equipment 353 202
Goodwill 2,470 2,193
Intangible assets 147 166
Servicing rights 618 524
Other assets 7,023 5,770
Total Assets $110,962 100,669
Liabilities
Deposits:
Demand $14,404 14,331
Interest checking 15,254 15,993
Savings 15,635 13,181
Money market 6,521 6,584
Other time 11,440 10,987
Certificates - $100,000 and over 6,738 6,628
Foreign office 5,453 1,676
Total deposits 75,445 69,380
Federal funds purchased 4,427 1,421
Other short-term borrowings 4,747 2,796
Accrued taxes, interest and expenses 2,427 2,283
Other liabilities 1,898 2,209
Long-term debt 12,857 12,558
Total Liabilities 101,801 90,647
Shareholders' Equity
Common stock (c) 1,295 1,295
Preferred stock (d) 9 9
Capital surplus 1,779 1,812
Retained earnings 8,413 8,317
Accumulated other comprehensive income (126) (179)
Treasury stock (2,209) (1,232)
Total Shareholders' Equity 9,161 10,022
Total Liabilities and Shareholders' Equity $110,962 100,669
(a) Amortized cost:
December 31, 2007 - $10,821
and December 31, 2006 - $11,236
(b) Market values:
December 31, 2007 - $355
and December 31, 2006 - $356
(c) Common shares: Stated value $2.22 per share; authorized 1,300,000,000; outstanding at
December 31, 2007 - 532,671,925 (excludes 51,516,339 treasury shares)
and
December 31, 2006 - 556,252,674 (excludes 27,174,430 treasury shares).
(d) 490,750 shares of undesignated no par value preferred stock are authorized of which none had been issued; 7,250 shares of 8.0% cumulative Series D convertible (at $23.5399 per share)
perpetual preferred stock with a stated value of $1,000 per share were authorized, issued and outstanding; 2,000 shares of 8.0% cumulative Series E perpetual preferred stock with a stated value
of $1,000 per share were authorized, issued and outstanding.
See Notes to Consolidated Financial Statements