Fifth Third Bank 2011 Annual Report Download - page 79

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CONSOLIDATED BALANCE SHEETS
Fifth Third Bancorp 77
A
s of December 31 ($ in millions, except share data) 2011 2010
A
ssets
Cash and due from banks (a) $ 2,663 2,159
A
vailable-for-sale and other securities (b) 15,362 15,414
Held-to-maturity securities (c) 322 353
Trading securities 177 294
Other short-term investments (a) 1,781 1,515
Loans held for sale (d) 2,954 2,216
Portfolio loans and leases:
Commercial and industrial loans 30,783 27,191
Commercial mortgage loans (a) 10,138 10,845
Commercial construction loans 1,020 2,048
Commercial leases 3,531 3,378
Residential mortgage loans(e) 10,672 8,956
Home equity (a) 10,719 11,513
Automobile loans (a) 11,827 10,983
Credit card 1,978 1,896
Other consumer loans and leases 350 681
Portfolio loans and leases 81,018 77,491
A
llowance for loan and lease losses(a) (2,255) (3,004)
Portfolio loans and leases, net 78,763 74,487
Bank premises and equipment 2,447 2,389
Operating lease equipment 497 479
Goodwill 2,417 2,417
Intangible assets 40 62
Servicing rights 681 822
Other assets (a) 8,863 8,400
Total Assets
$
116,967 111,007
Liabilities
Deposits:
Demand $ 27,600 21,413
Interest checking 20,392 18,560
Savings 21,756 20,903
Money market 4,989 5,035
Other time 4,638 7,728
Certificates - $100,000 and over 3,039 4,287
Foreign office and other 3,296 3,722
Total deposits 85,710 81,648
Federal funds purchased 346 279
Other short-term borrowings 3,239 1,574
A
ccrued taxes, interest and expenses 1,469 889
Other liabilities (a) 3,270 2,979
Long-term debt (a) 9,682 9,558
Total Liabilities
103,716 96,927
Equity
Common stock (f) 2,051 1,779
Preferred stock (g) 398 3,654
Capital surplus (h) 2,792 1,715
Retained earnings 7,554 6,719
A
ccumulated other comprehensive income 470 314
Treasury stock (64) (130)
Total Bancorp shareholders’ equity 13,201 14,051
Noncontrolling interests 50 29
Total Equity 13,251 14,080
Total Liabilities and Equity $ 116,967 111,007
(a) At
December 31, 2011
and 2010, includes
$30
and $52 of cash,
$7
of other short-term investments,
$50
and $29 of commercial mortgage loans,
$223
and $241 of home equity loans,
$259
and
$648 of automobile loans,
($10)
and ($14) of ALLL,
$4
and $7 of other assets,
$4
and $12 of other liabilities,
$191
and $692 of long-term debt from consolidated VIEs that are included in their
respective captions. See Note 11.
(b) Amortized cost of
$14,614
and $14,919 at
December 31, 2011
and 2010 respectively.
(c) Fair value of
$322
and $353 at
December 31, 2011
and 2010, respectively.
(d) Includes
$2,751
and $1,892 of residential mortgage loans held for sale measured at fair value at
December 31, 2011
, and 2010, respectively.
(e) Includes
$65
and $46
of residential mortgage loans measured at fair value at
December 31, 2011
and 2010, respectively.
(f) Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at
December 31, 2011 – 919,804,436 (excludes 4,088,145 treasury shares)
and
December 31,
2010 – 796,272,522 (excludes 5,231,666 treasury shares).
(g) 317,680 shares of undesignated no par value preferred stock are authorized of which none had been issued; 5.0% cumulative Series F perpetual preferred stock with a $25,000 liquidation preference:
136,320
issued and outstanding at
December 31, 2010, which were redeemed on February 2, 2011; 8.5% non-cumulative Series G convertible (into 2,159.8272 common shares) perpetual preferred
stock with a $25,000 liquidation preference: 46,000 authorized,
16,450
issued and outstanding at
December 31, 2011
, 16,451 issued and outstanding at December 31, 2010.
(h) Includes a ten-year warrant initially valued at $239 to purchase up to 43,617,747 shares of common stock, no par value, related to Series F preferred stock, at an initial exercise price of $11.72 per
share at December 31, 2010, which was repurchased for $280 on March 16, 2011.
See Notes to Consolidated Financial Statements.