US Bank 2006 Annual Report Download - page 66

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U.S. Bancorp
Consolidated Balance Sheet
At December 31 (Dollars in Millions) 2006 2005
ASSETS
Cash and due from banks ************************************************************************************** $ 8,639 $ 8,004
Investment securities
Held-to-maturity (fair value $92 and $113, respectively) *********************************************************** 87 109
Available-for-sale ****************************************************************************************** 40,030 39,659
Loans held for sale******************************************************************************************** 3,256 3,030
Loans
Commercial*********************************************************************************************** 46,190 42,942
Commercial real estate************************************************************************************** 28,645 28,463
Residential mortgages ************************************************************************************** 21,285 20,730
Retail**************************************************************************************************** 47,477 44,327
Total loans ******************************************************************************************** 143,597 136,462
Less allowance for loan losses ************************************************************************* (2,022) (2,041)
Net loans ****************************************************************************************** 141,575 134,421
Premises and equipment *************************************************************************************** 1,835 1,841
Goodwill **************************************************************************************************** 7,538 7,005
Other intangible assets ***************************************************************************************** 3,227 2,874
Other assets ************************************************************************************************* 13,045 12,522
Total assets ******************************************************************************************* $219,232 $209,465
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits
Noninterest-bearing **************************************************************************************** $ 32,128 $ 32,214
Interest-bearing ******************************************************************************************* 70,330 70,024
Time deposits greater than $100,000 ************************************************************************** 22,424 22,471
Total deposits****************************************************************************************** 124,882 124,709
Short-term borrowings ***************************************************************************************** 26,933 20,200
Long-term debt*********************************************************************************************** 37,602 37,069
Other liabilities *********************************************************************************************** 8,618 7,401
Total liabilities ***************************************************************************************** 198,035 189,379
Shareholders’ equity
Preferred stock, par value $1.00 a share (liquidation preference of $25,000 per share) authorized: 50,000,000 shares;
issued and outstanding: 2006 — 40,000 shares ************************************************************** 1,000 –
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares; issued: 2006 and 2005 — 1,972,643,007 shares **** 20 20
Capital surplus ******************************************************************************************** 5,762 5,907
Retained earnings****************************************************************************************** 21,242 19,001
Less cost of common stock in treasury: 2006 — 207,928,756 shares; 2005 — 157,689,004 shares ************************ (6,091) (4,413)
Other comprehensive income********************************************************************************* (736) (429)
Total shareholders’ equity ******************************************************************************** 21,197 20,086
Total liabilities and shareholders’ equity ********************************************************************* $219,232 $209,465
See Notes to Consolidated Financial Statements.
64 U.S. BANCORP