US Bank 2015 Annual Report Download - page 85
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U.S. Bancorp
Consolidated Balance Sheet
At December 31 (Dollars in Millions) 2015 2014
Assets
Cash and due from banks .......................................................................... $ 11,147 $ 10,654
Investment securities
Held-to-maturity (fair value $43,493 and $45,140, respectively; including $526 at fair value pledged as collateral at
December 31, 2014)(a) .......................................................................... 43,590 44,974
Available-for-sale ($1,018 and $330 pledged as collateral, respectively)(a) ................................... 61,997 56,069
Loans held for sale (including $3,110 and $4,774 of mortgage loans carried at fair value, respectively) ............. 3,184 4,792
Loans
Commercial .................................................................................... 88,402 80,377
Commercial real estate ........................................................................... 42,137 42,795
Residential mortgages ........................................................................... 53,496 51,619
Credit card .................................................................................... 21,012 18,515
Other retail ..................................................................................... 51,206 49,264
Total loans, excluding covered loans .............................................................. 256,253 242,570
Covered loans .................................................................................. 4,596 5,281
Total loans ................................................................................... 260,849 247,851
Less allowance for loan losses ................................................................. (3,863) (4,039)
Net loans .................................................................................. 256,986 243,812
Premises and equipment ........................................................................... 2,513 2,618
Goodwill ........................................................................................ 9,361 9,389
Other intangible assets ............................................................................. 3,350 3,162
Other assets (including $121 and $157 of trading securities at fair value pledged as collateral, respectively)(a) ........ 29,725 27,059
Total assets .................................................................................. $421,853 $402,529
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing ............................................................................. $ 83,766 $ 77,323
Interest-bearing(b) ............................................................................... 216,634 205,410
Total deposits ................................................................................ 300,400 282,733
Short-term borrowings ............................................................................. 27,877 29,893
Long-term debt ................................................................................... 32,078 32,260
Other liabilities .................................................................................... 14,681 13,475
Total liabilities ................................................................................ 375,036 358,361
Shareholders’ equity
Preferred stock ................................................................................. 5,501 4,756
Common stock, par value $0.01 a share — authorized: 4,000,000,000 shares; issued: 2015 and 2014 —
2,125,725,742 shares .......................................................................... 21 21
Capital surplus ................................................................................. 8,376 8,313
Retained earnings ............................................................................... 46,377 42,530
Less cost of common stock in treasury: 2015 — 380,534,801 shares; 2014 — 339,859,034 shares ............ (13,125) (11,245)
Accumulated other comprehensive income (loss) ...................................................... (1,019) (896)
Total U.S. Bancorp shareholders’ equity ........................................................... 46,131 43,479
Noncontrolling interests .......................................................................... 686 689
Total equity .................................................................................. 46,817 44,168
Total liabilities and equity ....................................................................... $421,853 $402,529
(a) Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
(b) lncludes time deposits greater than $250,000 balances of $2.6 billion and $5.0 billion at December 31, 2015 and 2014, respectively.
See Notes to Consolidated Financial Statements.
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