Fifth Third Bank 2012 Annual Report Download - page 85

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CONSOLIDATED BALANCE SHEETS
83 Fifth Third Bancorp
A
s of December 31 ($ in millions, except share data) 2012 2011
A
ssets
Cash and due from banks(a) $ 2,441 2,663
A
vailable-for-sale and other securities(b) 15,207 15,362
Held-to-maturity securities(c) 284 322
Trading securities 207 177
Other short-term investments(a) 2,421 1,781
Loans held for sale(d) 2,939 2,954
Portfolio loans and leases:
Commercial and industrial loans 36,038 30,783
Commercial mortgage loans(a) 9,103 10,138
Commercial construction loans 698 1,020
Commercial leases 3,549 3,531
Residential mortgage loans(e) 12,017 10,672
Home equity(a) 10,018 10,719
Automobile loans(a) 11,972 11,827
Credit card 2,097 1,978
Other consumer loans and leases 290 350
Portfolio loans and leases 85,782 81,018
A
llowance for loan and lease losses(a) (1,854) (2,255)
Portfolio loans and leases, net 83,928 78,763
Bank premises and equipment 2,542 2,447
Operating lease equipment 581 497
Goodwill 2,416 2,417
Intangible assets 27 40
Servicing rights 697 681
Other assets(a) 8,204 8,863
Total Assets $
121,894 116,967
Liabilities
Deposits:
Demand $ 30,023 27,600
Interest checking 24,477 20,392
Savings 19,879 21,756
Money market 6,875 4,989
Other time 4,015 4,638
Certificates - $100,000 and over 3,284 3,039
Foreign office and other 964 3,296
Total deposits 89,517 85,710
Federal funds purchased 901 346
Other short-term borrowings 6,280 3,239
A
ccrued taxes, interest and expenses 1,708 1,469
Other liabilities(a) 2,639 3,270
Long-term debt(a) 7,085 9,682
Total Liabilities
108,130 103,716
Equity
Common stock(f) 2,051 2,051
Preferred stock(g) 398 398
Capital surplus 2,758 2,792
Retained earnings 8,768 7,554
A
ccumulated other comprehensive income 375 470
Treasury stock (634) (64)
Total Bancorp shareholders’ equity 13,716 13,201
Noncontrolling interests 48 50
Total Equity 13,764 13,251
Total Liabilities and Equity $ 121,894 116,967
(a) At
December 31, 2012
and 2011, includes
$0
and $30 of cash,
$0
and $7 of other short-term investments,
$50
and $50 of commercial mortgage loans,
$0
and $223 of home equity loans,
$0
and $259 of automobile loans,
($5)
and ($10) of ALLL,
$3
and $4 of other assets,
$0
and $4 of other liabilities,
$0
and $191 of long-term debt from consolidated VIEs that are included in
their respective captions. See Note 10.
(b) Amortized cost of
$14,571
and $14,614 at
December 31, 2012
and 2011, respectively.
(c) Fair value of
$284
and $322 at
December 31, 2012
and 2011, respectively.
(d) Includes
$2,856
and $2,751 of residential mortgage loans held for sale measured at fair value at
December 31, 2012
, and 2011, respectively.
(e) Includes
$76
and $65
of residential mortgage loans measured at fair value at
December 31, 2012
and 2011, respectively.
(f) Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at
December 31, 2012 – 882,152,057 (excludes 41,740,524 treasury shares)
and
December
31, 2011 – 919,804,436 (excludes 4,088,145 treasury shares).
(g) 317,680 shares of undesignated no par value preferred stock are authorized of which none had been issued; 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, 2012
and 2011.
See Notes to Consolidated Financial Statements.