US Bank 2011 Annual Report Download - page 72
Download and view the complete annual report
Please find page 72 of the 2011 US Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
 |
 |
U.S. Bancorp
Consolidated Balance Sheet
At December 31 (Dollars in Millions) 2011 2010
Assets
Cash and due from banks ........................................................................................ $ 13,962 $ 14,487
Investment securities
Held-to-maturity (fair value $19,216 and $1,419, respectively) ................................................. 18,877 1,469
Available-for-sale .............................................................................................. 51,937 51,509
Loans held for sale (included $6,925 and $8,100 of mortgage loans carried at fair value, respectively) .......... 7,156 8,371
Loans
Commercial .................................................................................................... 56,648 48,398
Commercial real estate......................................................................................... 35,851 34,695
Residential mortgages ......................................................................................... 37,082 30,732
Credit card ..................................................................................................... 17,360 16,803
Other retail ..................................................................................................... 48,107 48,391
Total loans, excluding covered loans ........................................................................ 195,048 179,019
Covered loans .................................................................................................. 14,787 18,042
Total loans ................................................................................................... 209,835 197,061
Less allowance for loan losses ............................................................................ (4,753) (5,310)
Net loans.................................................................................................. 205,082 191,751
Premises and equipment ......................................................................................... 2,657 2,487
Goodwill .......................................................................................................... 8,927 8,954
Other intangible assets ........................................................................................... 2,736 3,213
Other assets ...................................................................................................... 28,788 25,545
Total assets.................................................................................................. $340,122 $307,786
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing ............................................................................................ $ 68,579 $ 45,314
Interest-bearing ................................................................................................ 134,757 129,381
Time deposits greater than $100,000 .......................................................................... 27,549 29,557
Total deposits ............................................................................................... 230,885 204,252
Short-term borrowings ............................................................................................ 30,468 32,557
Long-term debt ................................................................................................... 31,953 31,537
Other liabilities .................................................................................................... 11,845 9,118
Total liabilities ............................................................................................... 305,151 277,464
Shareholders’ equity
Preferred stock ................................................................................................. 2,606 1,930
Common stock, par value $0.01 a share—authorized: 4,000,000,000 shares;
issued: 2011 and 2010—2,125,725,742 shares ............................................................. 21 21
Capital surplus ................................................................................................. 8,238 8,294
Retained earnings .............................................................................................. 30,785 27,005
Less cost of common stock in treasury: 2011—215,904,019 shares; 2010—204,822,330 shares ............. (6,472) (6,262)
Accumulated other comprehensive income (loss) .............................................................. (1,200) (1,469)
Total U.S. Bancorp shareholders’ equity .................................................................... 33,978 29,519
Noncontrolling interests ........................................................................................ 993 803
Total equity .................................................................................................. 34,971 30,322
Total liabilities and equity .................................................................................... $340,122 $307,786
See Notes to Consolidated Financial Statements.
70 U.S. BANCORP