Exhibit 99.2
| Synovus |
|
|
|
|
|
| 5 of 12 | ||
|
| INCOME STATEMENT |
| Twelve Months Ended |
| |||||
|
| (In thousands, except per share data) |
| December 31, |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2006 |
| 2005 |
| Change |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Income (Taxable Equivalent) | $ | 2,022,294 |
| 1,502,664 |
| 34.6 | % |
|
|
| Interest Expense |
| 882,592 |
| 527,378 |
| 67.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income (Taxable Equivalent) |
| 1,139,702 |
| 975,286 |
| 16.9 |
|
|
|
| Tax Equivalent Adjustment |
| 5,828 |
| 6,439 |
| (9.5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income |
| 1,133,874 |
| 968,847 |
| 17.0 |
|
|
|
| Provision for Loan Losses |
| 75,148 |
| 82,532 |
| (8.9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income After Provision |
| 1,058,726 |
| 886,315 |
| 19.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Income: |
|
|
|
|
|
|
|
|
|
| Electronic Payment Processing Services |
| 985,869 |
| 867,914 |
| 13.6 |
|
|
|
| Merchant Services |
| 260,275 |
| 237,418 |
| 9.6 |
|
|
|
| Other Transaction Processing Services Revenue |
| 186,394 |
| 183,412 |
| 1.6 |
|
|
|
| Service Charges on Deposits |
| 112,417 |
| 109,960 |
| 2.2 |
|
|
|
| Fiduciary and Asset Management Fees |
| 47,800 |
| 44,886 |
| 6.5 |
|
|
|
| Brokerage and Investment Banking Revenue |
| 26,729 |
| 24,487 |
| 9.2 |
|
|
|
| Mortgage Banking Income |
| 29,255 |
| 28,682 |
| 2.0 |
|
|
|
| Bankcard Fees |
| 44,303 |
| 38,813 |
| 14.1 |
|
|
|
| Securities Gains (Losses) |
| (2,118) |
| 463 |
| Nm |
|
|
|
| Other Fee Income |
| 38,743 |
| 34,148 |
| 13.5 |
|
|
|
| Other Non-Interest Income |
| 52,200 |
| 36,016 |
| 44.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Income before Reimbursable Items |
| 1,781,867 |
| 1,606,199 |
| 10.9 |
|
|
|
| Reimbursable Items |
| 351,719 |
| 312,280 |
| 12.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Income |
| 2,133,586 |
| 1,918,479 |
| 11.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Expense: |
|
|
|
|
|
|
|
|
|
| Personnel Expense |
| 974,515 |
| 836,371 |
| 16.5 |
|
|
|
| Occupancy & Equipment Expense |
| 414,169 |
| 368,210 |
| 12.5 |
|
|
|
| Other Non-Interest Expense |
| 430,274 |
| 426,530 |
| 0.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Expense before Reimbursable Items |
| 1,818,958 |
| 1,631,111 |
| 11.5 |
|
|
|
| Reimbursable Items |
| 351,719 |
| 312,280 |
| 12.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Expense |
| 2,170,677 |
| 1,943,391 |
| 11.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Minority Interest in Consolidated Subsidiaries |
| 48,102 |
| 37,381 |
| 28.7 |
|
|
|
| Income Before Taxes |
| 973,533 |
| 824,022 |
| 18.1 |
|
|
|
| Income Tax Expense |
| 356,616 |
| 307,576 |
| 15.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income | $ | 616,917 |
| 516,446 |
| 19.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Earnings Per Share | $ | 1.92 |
| 1.66 |
| 15.8 | % |
|
|
| Diluted Earnings Per Share |
| 1.90 |
| 1.64 |
| 16.0 |
|
|
|
| Dividends Declared Per Share |
| 0.78 |
| 0.73 |
| 6.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Return on Assets |
| 2.07 |
| 1.96 |
| 11 | bp |
|
|
| Return on Equity |
| 18.31 |
| 18.45 |
| (14) |
|
|
|
| Average Shares Outstanding - Basic |
| 321,241 |
| 311,495 |
| 3.1 | % |
|
|
| Average Shares Outstanding - Diluted |
| 324,232 |
| 314,815 |
| 3.0 |
|
|
|
|
|
|
|
|
|
|
| ||
nm - not meaningful |
|
|
|
|
|
|
|
|
| SYNOVUS |
|
|
|
|
|
|
|
|
|
| 6 of 12 |
| ||
|
| INCOME STATEMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands, except per share data) |
| 2006 |
| 2005 |
| 4th Quarter | |||||||
|
|
|
| Fourth |
| Third |
| Second |
| First |
| Fourth |
| '06 vs. '05 | |
|
|
|
|
|
|
|
|
| |||||||
|
| Interest Income (Taxable Equivalent) | $ | 547,088 |
| 535,038 |
| 499,191 |
| 440,977 |
| 420,898 |
| 30.0 | % |
|
| Interest Expense |
| 253,998 |
| 241,027 |
| 210,510 |
| 177,057 |
| 159,237 |
| 59.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income (Taxable Equivalent) |
| 293,090 |
| 294,011 |
| 288,681 |
| 263,920 |
| 261,661 |
| 12.0 |
|
|
| Tax Equivalent Adjustment |
| 1,458 |
| 1,409 |
| 1,478 |
| 1,484 |
| 1,566 |
| (6.9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income |
| 291,632 |
| 292,602 |
| 287,203 |
| 262,436 |
| 260,095 |
| 12.1 |
|
|
| Provision for Loan Losses |
| 18,675 |
| 18,390 |
| 18,534 |
| 19,549 |
| 20,787 |
| (10.2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income After Provision |
| 272,957 |
| 274,212 |
| 268,669 |
| 242,887 |
| 239,308 |
| 14.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Electronic Payment Processing Services |
| 302,370 |
| 230,273 |
| 234,519 |
| 220,472 |
| 223,844 |
| 35.1 |
|
|
| Merchant Services |
| 64,957 |
| 65,548 |
| 65,820 |
| 63,949 |
| 67,409 |
| (3.6) |
|
|
| Other Transaction Processing Services Revenue |
| 51,634 |
| 44,813 |
| 45,001 |
| 44,946 |
| 45,544 |
| 13.4 |
|
|
| Service Charges on Deposits |
| 28,136 |
| 29,292 |
| 28,800 |
| 26,189 |
| 28,036 |
| 0.4 |
|
|
| Fiduciary and Asset Management Fees |
| 12,710 |
| 11,868 |
| 11,509 |
| 11,713 |
| 11,544 |
| 10.1 |
|
|
| Brokerage and Investment Banking Revenue |
| 6,721 |
| 6,502 |
| 6,559 |
| 6,947 |
| 6,616 |
| 1.6 |
|
|
| Mortgage Banking Income |
| 6,837 |
| 8,440 |
| 8,105 |
| 5,873 |
| 7,078 |
| (3.4) |
|
|
| Bankcard Fees |
| 11,218 |
| 11,438 |
| 11,093 |
| 10,554 |
| 10,916 |
| 2.8 |
|
|
| Securities Gains (Losses) |
| - |
| (982) |
| (1,062) |
| (74) |
| (135) |
| nm |
|
|
| Other Fee Income |
| 9,079 |
| 10,024 |
| 10,357 |
| 9,283 |
| 9,709 |
| (6.5) |
|
|
| Other Non-Interest Income |
| 21,707 |
| 10,056 |
| 10,915 |
| 9,522 |
| 6,835 |
| nm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Income before Reimbursable Items |
| 515,369 |
| 428,753 |
| 428,371 |
| 409,375 |
| 417,396 |
| 23.5 |
|
|
| Reimbursable Items |
| 83,894 |
| 99,187 |
| 86,138 |
| 82,500 |
| 84,306 |
| (0.5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Income |
| 599,263 |
| 527,940 |
| 514,509 |
| 491,875 |
| 501,702 |
| 19.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Personnel Expense |
| 256,691 |
| 256,220 |
| 233,847 |
| 227,758 |
| 224,251 |
| 14.5 |
|
|
| Occupancy & Equipment Expense |
| 116,470 |
| 100,504 |
| 99,495 |
| 97,700 |
| 93,965 |
| 24.0 |
|
|
| Other Non-Interest Expense |
| 115,755 |
| 98,995 |
| 109,690 |
| 105,836 |
| 110,608 |
| 4.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Expense before Reimbursable Items |
| 488,916 |
| 455,719 |
| 443,032 |
| 431,294 |
| 428,824 |
| 14.0 |
|
|
| Reimbursable Items |
| 83,894 |
| 99,187 |
| 86,138 |
| 82,500 |
| 84,306 |
| (0.5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Expense |
| 572,810 |
| 554,905 |
| 529,170 |
| 513,794 |
| 513,130 |
| 11.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Minority Interest in Consolidated Subsidiaries |
| 16,790 |
| 10,406 |
| 11,165 |
| 9,740 |
| 9,571 |
| 75.4 |
|
|
| Income Before Taxes |
| 282,620 |
| 236,840 |
| 242,843 |
| 211,228 |
| 218,309 |
| 29.5 |
|
|
| Income Tax Expense |
| 107,073 |
| 82,774 |
| 90,046 |
| 76,722 |
| 81,049 |
| 32.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income | $ | 175,547 |
| 154,066 |
| 152,797 |
| 134,506 |
| 137,260 |
| 27.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Earnings Per Share | $ | 0.54 |
| 0.48 |
| 0.47 |
| 0.43 |
| 0.44 |
| 23.1 |
|
|
| Diluted Earnings Per Share |
| 0.54 |
| 0.47 |
| 0.47 |
| 0.43 |
| 0.44 |
| 22.9 |
|
|
| Dividends Declared Per Share |
| 0.20 |
| 0.20 |
| 0.20 |
| 0.20 |
| 0.18 |
| 6.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Return on Assets |
| 2.22 | % | 2.00 | % | 2.07 | % | 1.96 | % | 2.00 | % | 22 | bp |
|
| Return on Equity |
| 19.03 |
| 17.63 |
| 18.45 |
| 17.88 |
| 18.74 |
| 29 |
|
|
| Average Shares Outstanding - Basic |
| 324,555 |
| 323,657 |
| 322,783 |
| 313,639 |
| 312,298 |
| 3.9 | % |
|
| Average Shares Outstanding - Diluted |
| 328,122 |
| 326,834 |
| 325,421 |
| 316,208 |
| 315,280 |
| 4.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| bp - change is measured as difference in basis points. |
|
|
|
|
|
|
|
|
|
|
| |||
| nm - not meaningful |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SYNOVUS |
|
|
|
|
| 7 of 12 | ||
Financial Services Segment |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| INCOME STATEMENT |
| Twelve Months Ended | |||||
| (In thousands) |
| December 31, | |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2006 |
| 2005 |
| Change | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Income (Taxable Equivalent) | $ | 2,022,257 |
| 1,502,648 |
| 34.6 | % |
| Interest Expense |
| 890,677 |
| 531,046 |
| 67.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income (Taxable Equivalent) |
| 1,131,580 |
| 971,602 |
| 16.5 |
|
| Tax Equivalent Adjustment |
| 5,791 |
| 6,386 |
| (9.3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income |
| 1,125,789 |
| 965,216 |
| 16.6 |
|
| Provision for Loan Losses |
| 75,148 |
| 82,532 |
| (8.9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income After Provision |
| 1,050,641 |
| 882,684 |
| 19.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Income: |
|
|
|
|
|
|
|
| Service Charges on Deposits |
| 112,417 |
| 109,960 |
| 2.2 |
|
| Fiduciary and Asset Management Fees |
| 48,627 |
| 45,454 |
| 7.0 |
|
| Brokerage and Investment Banking Revenue |
| 26,729 |
| 24,487 |
| 9.2 |
|
| Mortgage Banking Income |
| 29,255 |
| 28,682 |
| 2.0 |
|
| Bankcard Fees |
| 44,303 |
| 38,813 |
| 14.1 |
|
| Securities Gains (Losses) |
| (2,118) |
| 463 |
| Nm |
|
| Other Fee Income |
| 38,743 |
| 34,148 |
| 13.5 |
|
| Other Non-Interest Income |
| 61,474 |
| 45,407 |
| 35.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Income |
| 359,430 |
| 327,413 |
| 9.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Expense: |
|
|
|
|
|
|
|
| Personnel Expense |
| 450,373 |
| 370,223 |
| 21.8 |
|
| Occupancy & Equipment Expense |
| 100,269 |
| 90,549 |
| 10.7 |
|
| Other Non-Interest Expense |
| 213,891 |
| 185,985 |
| 15.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Expense |
| 764,533 |
| 646,758 |
| 18.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income Before Taxes |
| 645,538 |
| 563,340 |
| 14.6 |
|
| Income Tax Expense |
| 230,435 |
| 204,290 |
| 12.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income | $ | 415,103 |
| 359,050 |
| 15.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Return on Assets |
| 1.45 |
| 1.43 |
| 2 | bp |
| Return on Equity |
| 16.77 |
| 17.59 |
| (82) |
|
|
|
|
|
|
|
|
|
|
bp - change is measured as difference in basis points. |
|
|
|
|
| |||
nm - not meaningful |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Synovus |
|
|
|
|
|
|
|
|
|
|
| 8 of 12 |
| |
Financial Services Segment |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| INCOME STATEMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
| 2006 |
| 2005 |
| 4th Quarter |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fourth |
| Third |
| Second |
| First |
| Fourth |
| '06 vs. '05 |
|
|
|
| Quarter |
| Quarter |
| Quarter |
| Quarter |
| Quarter |
| Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Income (Taxable Equivalent) | $ | 547,079 |
| 535,025 |
| 499,184 |
| 440,969 |
| 420,892 |
| 30.0 | % |
| Interest Expense |
| 256,760 |
| 242,875 |
| 212,499 |
| 178,544 |
| 160,509 |
| 60.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income (Taxable Equivalent) |
| 290,319 |
| 292,150 |
| 286,685 |
| 262,425 |
| 260,383 |
| 11.5 |
|
| Tax Equivalent Adjustment |
| 1,448 |
| 1,395 |
| 1,471 |
| 1,476 |
| 1,558 |
| (7.1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income |
| 288,871 |
| 290,755 |
| 285,214 |
| 260,949 |
| 258,825 |
| 11.6 |
|
| Provision for Loan Losses |
| 18,675 |
| 18,390 |
| 18,534 |
| 19,549 |
| 20,787 |
| (10.2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income After Provision |
| 270,196 |
| 272,365 |
| 266,680 |
| 241,400 |
| 238,038 |
| 13.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Service Charges on Deposits |
| 28,136 |
| 29,862 |
| 29,409 |
| 26,712 |
| 28,572 |
| 0.4 |
|
| Fiduciary and Asset Management Fees |
| 12,921 |
| 12,077 |
| 11,720 |
| 11,910 |
| 11,728 |
| 10.2 |
|
| Brokerage and Investment Banking Revenue |
| 6,721 |
| 6,502 |
| 6,559 |
| 6,947 |
| 6,616 |
| 1.6 |
|
| Mortgage Banking Income |
| 6,837 |
| 8,440 |
| 8,105 |
| 5,873 |
| 7,078 |
| (3.4) |
|
| Bankcard Fees |
| 11,218 |
| 11,438 |
| 11,093 |
| 10,554 |
| 10,916 |
| 2.8 |
|
| Securities Gains (Losses) |
| - |
| (982) |
| (1,062) |
| (74) |
| (135) |
| nm |
|
| Other Fee Income |
| 9,079 |
| 9,679 |
| 10,038 |
| 8,950 |
| 9,377 |
| (6.5) |
|
| Other Non-Interest Income |
| 22,682 |
| 12,528 |
| 13,881 |
| 12,381 |
| 11,030 |
| nm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Income |
| 97,594 |
| 89,319 |
| 89,453 |
| 83,063 |
| 84,978 |
| 14.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Interest Expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Personnel Expense |
| 115,131 |
| 113,842 |
| 113,951 |
| 107,449 |
| 95,670 |
| 19.7 |
|
| Occupancy & Equipment Expense |
| 26,370 |
| 25,566 |
| 24,835 |
| 23,498 |
| 24,577 |
| 7.3 |
|
| Other Non-Interest Expense |
| 61,930 |
| 51,899 |
| 52,064 |
| 47,999 |
| 49,768 |
| 24.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Non-Interest Expense |
| 203,430 |
| 191,307 |
| 190,850 |
| 178,946 |
| 170,015 |
| 20.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income Before Taxes |
| 164,360 |
| 170,377 |
| 165,283 |
| 145,517 |
| 153,001 |
| 7.4 |
|
| Income Tax Expense |
| 59,384 |
| 60,394 |
| 58,899 |
| 51,757 |
| 55,949 |
| 6.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income | $ | 104,976 |
| 109,983 |
| 106,384 |
| 93,760 |
| 97,052 |
| 8.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Return on Assets |
| 1.39 | % | 1.49 | % | 1.50 | % | 1.43 | % | 1.47 | % | (8) | bp |
| Return on Equity |
| 15.45 |
| 17.04 |
| 17.42 |
| 17.17 |
| 18.30 |
| (285) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
bp - change is measured as difference in basis points. |
|
|
|
|
|
|
|
|
|
|
|
| ||
nm - not meaningful |
|
|
|
|
|
|
|
|
|
|
|
|
|
SYNOVUS |
| 9 of 12 | |||||
|
|
|
|
|
|
|
|
| BALANCE SHEET |
| December 31, 2006 |
| September 30, 2006 |
| December 31, 2005 |
|
|
|
|
|
|
|
|
| (In thousands, except share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
| Cash and due from banks | $ | 887,546 |
| 790,602 |
| 880,886 |
| Interest earning deposits with banks |
| 19,389 |
| 17,444 |
| 2,980 |
| Federal funds sold and securities purchased |
|
|
|
|
|
|
| under resale agreements |
| 101,091 |
| 308,300 |
| 68,922 |
| Trading account assets |
| 15,266 |
| 15,031 |
| 27,322 |
| Mortgage loans held for sale |
| 175,042 |
| 158,690 |
| 143,144 |
| Investment securities available for sale |
| 3,352,357 |
| 3,269,889 |
| 2,958,320 |
|
|
|
|
|
|
|
|
| Loans, net of unearned income |
| 24,654,552 |
| 24,192,596 |
| 21,392,347 |
| Allowance for loan losses |
| (314,459) |
| (319,973) |
| (289,612) |
| Loans, net |
| 24,340,093 |
| 23,872,623 |
| 21,102,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Premises and equipment, net |
| 752,738 |
| 723,974 |
| 669,425 |
| Contract acquisition costs and computer software, net |
| 380,746 |
| 403,702 |
| 431,849 |
| Goodwill, net |
| 668,723 |
| 681,720 |
| 458,382 |
| Other intangible assets, net |
| 63,522 |
| 50,900 |
| 44,867 |
| Other assets |
| 1,108,445 |
| 1,052,007 |
| 831,840 |
|
|
|
|
|
|
|
|
| Total assets | $ | 31,864,958 |
| 31,344,882 |
| 27,620,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
| Deposits: |
|
|
|
|
|
|
| Non-interest bearing retail and commercial deposits | $ | 3,538,598 |
| 3,659,629 |
| 3,700,750 |
| Interest bearing retail and commercial deposits |
| 17,741,354 |
| 17,103,778 |
| 14,798,845 |
|
|
|
|
|
|
|
|
| Total retail and commercial deposits |
| 21,279,952 |
| 20,763,407 |
| 18,499,595 |
| Brokered time deposits |
| 3,004,211 |
| 3,199,157 |
| 2,284,770 |
|
|
|
|
|
|
|
|
| Total deposits |
| 24,284,163 |
| 23,962,564 |
| 20,784,365 |
|
|
|
|
|
|
|
|
| Federal funds purchased and other short-term |
|
|
|
|
|
|
| borrowings |
| 1,572,809 |
| 1,582,037 |
| 1,158,669 |
| Long-term debt |
| 1,349,056 |
| 1,363,519 |
| 1,933,638 |
| Other liabilities |
| 717,873 |
| 654,742 |
| 597,698 |
|
|
|
|
|
|
|
|
| Total liabilities |
| 27,923,901 |
| 27,562,862 |
| 24,474,370 |
|
|
|
|
|
|
|
|
| Minority interest in consolidated subsidiaries |
| 236,709 |
| 218,073 |
| 196,973 |
|
|
|
|
|
|
|
|
| Shareholders' equity: |
|
|
|
|
|
|
| Common stock, par value $1.00 a share (1) |
| 331,214 |
| 330,474 |
| 318,301 |
| Surplus |
| 1,033,013 |
| 1,009,976 |
| 686,447 |
| Treasury stock (2) |
| (113,944) |
| (113,944) |
| (113,944) |
| Unearned compensation |
| - |
| - |
| (3,126) |
| Accumulated other comprehensive income (loss) |
| (2,955) |
| (7,519) |
| (29,536) |
| Retained earnings |
| 2,457,020 |
| 2,344,960 |
| 2,091,187 |
|
|
|
|
|
|
|
|
| Total shareholders' equity (3) |
| 3,704,348 |
| 3,563,947 |
| 2,949,329 |
|
|
|
|
|
|
|
|
| Total liabilities and shareholders' equity | $ | 31,864,958 |
| 31,344,882 |
| 27,620,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) | Common shares outstanding: 325,552,375; 324,812,048; and 312,639,737 at December 31, 2006, September 30, 2006, December 31, 2005, respectively | ||||||
(2) | Treasury shares: 5,661,538 at December 31, 2006, September 30, 2006, and December 31, 2005. |
|
| ||||
(3) | Book value per share: $11.38; $10.97; and $9.43 at December 31, 2006, September 30, 2006, and December 31, 2005, respectively. |
SYNOVUS |
|
|
|
|
|
|
|
|
|
| 10 of 12 | |
AVERAGE BALANCES AND YIELDS/RATES |
|
|
|
|
|
|
|
|
| |||
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| 2006 | 2005 |
| Twelve Months Ended | ||||||
|
|
| Fourth |
| Third | Second | First | Fourth |
| December 31, | ||
|
|
| Quarter |
| Quarter | Quarter | Quarter | Quarter |
| 2006 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Earning Assets |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable Investment Securities | $ | 3,178,852 |
| 3,025,507 | 3,008,122 | 2,823,306 | 2,713,238 | $ | 3,009,962 |
| 2,609,113 | |
| Yield |
| 4.51 | % | 4.39 | 4.21 | 4.08 | 3.87 |
| 4.31 | % | 3.78 |
Tax-Exempt Investment Securities | $ | 197,737 |
| 197,024 | 202,676 | 201,432 | 208,265 | $ | 198,692 |
| 216,773 | |
| Yield |
| 6.95 | % | 6.70 | 6.73 | 6.86 | 6.90 |
| 6.81 | % | 6.94 |
Trading Account Assets | $ | 34,471 |
| 53,181 | 47,398 | 37,659 | 26,006 | $ | 43,201 |
| 11,380 | |
| Yield |
| 6.67 | % | 5.30 | 5.72 | 7.42 | 6.97 |
| 6.14 | % | 5.64 |
Commercial Loans | $ | 20,814,076 |
| 20,430,469 | 19,746,392 | 18,377,498 | 17,881,828 | $ | 19,850,396 |
| 17,237,330 | |
| Yield |
| 8.24 | % | 8.22 | 7.98 | 7.58 | 7.25 |
| 8.02 | % | 6.69 |
Consumer Loans | $ | 905,552 |
| 906,634 | 875,171 | 835,520 | 845,251 | $ | 880,982 |
| 841,447 | |
| Yield |
| 8.18 | % | 8.17 | 8.09 | 7.89 | 7.87 |
| 8.09 | % | 7.63 |
Mortgage Loans | $ | 1,089,794 |
| 1,091,425 | 1,071,477 | 1,039,741 | 1,036,041 | $ | 1,073,296 |
| 1,025,034 | |
| Yield |
| 6.99 | % | 6.93 | 6.82 | 6.67 | 6.44 |
| 6.86 | % | 6.33 |
Credit Card Loans | $ | 268,705 |
| 265,120 | 260,010 | 260,251 | 257,691 | $ | 263,549 |
| 251,959 | |
| Yield |
| 10.89 | % | 10.86 | 10.81 | 10.81 | 10.19 |
| 10.85 | % | 10.17 |
Home Equity Loans | $ | 1,316,842 |
| 1,252,802 | 1,231,592 | 1,188,153 | 1,167,361 | $ | 1,247,715 |
| 1,113,914 | |
| Yield |
| 7.82 | % | 7.97 | 7.69 | 7.30 | 6.85 |
| 7.70 | % | 6.19 |
Allowance for Loan Losses | $ | (317,603) |
| (318,195) | (307,674) | (294,817) | (286,846) | $ | (309,658) |
| (279,534) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans, Net | $ | 24,077,366 |
| 23,628,256 | 22,876,968 | 21,406,345 | 20,901,326 | $ | 23,006,280 |
| 20,190,150 | |
| Yield |
| 8.29 | % | 8.29 | 8.06 | 7.67 | 7.35 |
| 8.09 | % | 6.82 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage Loans Held for Sale | $ | 149,113 |
| 130,196 | 132,605 | 117,085 | 121,665 | $ | 132,332 |
| 113,969 | |
| Yield |
| 6.02 | % | 6.51 | 7.08 | 6.61 | 6.48 |
| 6.54 | % | 6.41 |
Federal Funds Sold and Time Deposits |
|
|
|
|
|
|
|
|
|
|
| |
with Banks | $ | 120,804 |
| 155,201 | 139,924 | 118,772 | 119,606 | $ | 133,740 |
| 127,171 | |
| Yield |
| 5.40 | % | 5.32 | 5.07 | 4.42 | 4.26 |
| 5.08 | % | 3.35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Interest Earning Assets | $ | 27,754,344 |
| 27,189,364 | 26,407,692 | 24,704,601 | 24,090,106 | $ | 26,524,206 |
| 23,268,556 | |
| Yield |
| 7.83 | % | 7.81 | 7.58 | 7.23 | 6.94 |
| 7.62 | % | 6.46 |
|
|
|
|
|
|
|
|
|
|
|
| |
Interest Bearing Liabilities |
|
|
|
|
|
|
|
|
|
|
| |
Interest Bearing Demand Deposits | $ | 3,034,375 |
| 2,946,646 | 3,040,292 | 3,004,244 | 2,989,754 | $ | 3,006,308 |
| 2,975,016 | |
| Rate |
| 2.18 | % | 2.03 | 1.81 | 1.63 | 1.39 |
| 1.92 | % | 1.18 |
Money Market Accounts | $ | 6,956,181 |
| 6,587,365 | 6,196,865 | 5,800,154 | 5,619,551 | $ | 6,388,862 |
| 5,193,943 | |
| Rate |
| 4.45 | % | 4.38 | 4.00 | 3.55 | 3.13 |
| 4.13 | % | 2.56 |
Savings Deposits | $ | 514,317 |
| 547,779 | 573,776 | 535,475 | 534,533 | $ | 542,793 |
| 555,205 | |
| Rate |
| 0.72 | % | 0.72 | 0.69 | 0.47 | 0.40 |
| 0.65 | % | 0.35 |
Time Deposits Under $100,000 | $ | 3,003,141 |
| 2,917,518 | 2,738,528 | 2,501,504 | 2,408,591 | $ | 2,791,759 |
| 2,294,158 | |
|
|
| 4.64 | % | 4.38 | 3.92 | 3.55 | 3.28 |
| 4.15 |
| 2.88 |
Time Deposits Over $100,000 (less brokered |
|
|
|
|
|
|
|
|
| |||
time deposits) | $ | 3,997,493 |
| 3,756,853 | 3,362,304 | 3,067,094 | 2,864,382 | $ | 3,549,200 |
| 2,624,623 | |
| Rate |
| 5.07 | % | 4.92 | 4.44 | 4.01 | 3.67 |
| 4.66 | % | 3.23 |
Total Interest Bearing Core Deposits |
| 17,505,508 |
| 16,756,161 | 15,911,765 | 14,908,471 | 14,416,811 |
| 16,278,922 |
| 13,642,945 | |
| Rate |
| 4.12 | % | 3.97 | 3.54 | 3.15 | 2.80 |
| 3.72 | % | 2.35 |
Brokered Time Deposits | $ | 3,137,889 |
| 3,165,905 | 2,740,674 | 2,364,383 | 2,443,105 | $ | 2,855,191 |
| 2,557,660 | |
| Rate |
| 5.01 | % | 4.85 | 4.57 | 4.24 | 3.89 |
| 4.70 | % | 3.39 |
Total Interest Bearing Deposits | $ | 20,643,396 |
| 19,922,066 | 18,652,438 | 17,272,854 | 16,859,916 | $ | 19,134,113 |
| 16,200,605 | |
| Rate |
| 4.26 | % | 4.11 | 3.69 | 3.30 | 2.96 |
| 3.87 | % | 2.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal Funds Purchased and Other |
|
|
|
|
|
|
|
|
|
|
| |
Short-Term Borrowings | $ | 1,283,832 |
| 1,553,699 | 1,772,113 | 1,530,099 | 939,008 | $ | 1,534,312 |
| 1,103,005 | |
| Rate |
| 4.72 | % | 4.73 | 4.76 | 4.28 | 3.72 |
| 4.59 | % | 2.86 |
Long-Term Debt | $ | 1,360,634 |
| 1,364,227 | 1,586,586 | 1,774,804 | 2,184,538 | $ | 1,519,997 |
| 2,087,749 | |
| Rate |
| 4.90 | % | 4.57 | 4.42 | 4.62 | 4.44 |
| 4.62 | % | 4.18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Interest Bearing Liabilities | $ | 23,287,863 |
| 22,839,991 | 22,011,138 | 20,577,757 | 19,983,462 | $ | 22,188,422 |
| 19,391,359 | |
| Rate |
| 4.32 | % | 4.18 | 3.83 | 3.48 | 3.16 |
| 3.97 | % | 2.72 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Interest Bearing Demand Deposits | $ | 3,469,233 |
| 3,528,942 | 3,511,554 | 3,443,867 | 3,509,219 | $ | 3,488,580 |
| 3,408,289 | |
Shareholders' Equity | $ | 3,659,996 |
| 3,467,029 | 3,321,397 | 3,050,256 | 2,906,223 | $ | 3,369,954 |
| 2,799,496 | |
Total Assets | $ | 31,307,991 |
| 30,613,827 | 29,563,064 | 27,792,577 | 27,164,366 | $ | 29,831,172 |
| 26,291,490 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Interest Margin |
| 4.20 | % | 4.30 | 4.39 | 4.32 | 4.32 |
| 4.30 | % | 4.19 |
SYNOVUS |
|
|
|
|
|
|
|
|
| 11 of 12 |
|
LOANS OUTSTANDING AND NONPERFORMING LOANS COMPOSITION |
|
|
|
|
|
|
| ||||
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2006 |
| ||||||||
|
|
|
| Loans as a % |
| Total |
|
| Nonperforming Loans | ||
|
|
|
|
|
|
| |||||
Loan Type |
| Total Loans |
|
|
|
| |||||
Commercial Real Estate |
|
|
|
|
|
|
|
|
|
|
|
Multi-Family | $ | 505,586 |
| 2.0 | % | $ | 168 |
|
| 0.2 | % |
Hotels |
| 643,180 |
| 2.6 |
|
| 1,270 |
|
| 1.3 |
|
Office Buildings |
| 881,658 |
| 3.6 |
|
| 4,333 |
|
| 4.5 |
|
Shopping Centers |
| 764,924 |
| 3.1 |
|
| - |
|
| - |
|
Commercial Development |
| 876,570 |
| 3.6 |
|
| - |
|
| 0.0 |
|
Other Investment Property |
| 434,298 |
| 1.8 |
|
| 73 |
|
| 0.1 |
|
Total Investment Properties |
| 4,106,216 |
| 16.7 |
|
| 5,844 |
|
| 6.1 |
|
1-4 Family Construction |
| 2,347,025 |
| 9.5 |
|
| 5,600 |
|
| 5.8 |
|
1-4 Family Perm / Mini-Perm |
| 1,193,895 |
| 4.8 |
|
| 7,763 |
|
| 8.0 |
|
Residential Development |
| 2,036,207 |
| 8.3 |
|
| 1,889 |
|
| 2.0 |
|
Total 1-4 Family Properties |
| 5,577,127 |
| 22.6 |
|
| 15,252 |
|
| 15.8 |
|
Land Acquisition |
| 1,402,402 |
| 5.7 |
|
| 8,429 |
|
| 8.7 |
|
Total Investment-Related Real Estate |
| 11,085,745 |
| 45.0 |
|
| 29,525 |
|
| 30.6 |
|
Owner-Occupied |
| 3,138,264 |
| 12.7 |
|
| 9,786 |
|
| 10.1 |
|
Other Property |
| 942,479 |
| 3.8 |
|
| 5,722 |
|
| 5.9 |
|
Total Commercial Real Estate |
| 15,166,488 |
| 61.5 |
|
| 45,033 |
|
| 46.6 |
|
Commercial & Industrial |
| 5,875,854 |
| 23.8 |
|
| 41,869 |
|
| 43.3 |
|
Home Equity |
| 1,364,030 |
| 5.6 |
|
| 3,330 |
|
| 3.5 |
|
Consumer Mortgages |
| 1,517,849 |
| 6.2 |
|
| 4,413 |
|
| 4.6 |
|
Credit Card |
| 276,269 |
| 1.1 |
|
| - |
|
| 0.0 |
|
Other Consumer Loans |
| 500,757 |
| 2.0 |
|
| 1,978 |
|
| 2.0 |
|
Total Consumer |
| 3,658,905 |
| 14.9 |
|
| 9,721 |
|
| 10.1 |
|
Unearned Income |
| (46,695) |
| (0.2) |
|
| - |
|
|
|
|
Total | $ | 24,654,552 |
| 100.0 | % | $ | 96,623 |
|
| 100.0 | % |
LOANS OUTSTANDING BY TYPE COMPARISON | ||||||||||||
(Dollars in thousands) | ||||||||||||
|
| Total Loans |
| 4Q06 vs. 3Q06 |
|
|
|
| 4Q06 vs. 4Q05 |
| ||
Loan Type |
| December 31, |
| September 30, |
| % change (1) |
|
| December 31, |
| % change (2) |
|
Commercial Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Family | $ | 505,586 |
| 517,644 |
| (9.2) | % | $ | 529,263 |
| (4.5) | % |
Hotels |
| 643,180 |
| 642,330 |
| 0.5 |
|
| 686,101 |
| (6.3) |
|
Office Buildings |
| 881,658 |
| 888,397 |
| (3.0) |
|
| 757,863 |
| 16.3 |
|
Shopping Centers |
| 764,924 |
| 749,189 |
| 8.3 |
|
| 667,443 |
| 14.6 |
|
Commercial Development |
| 876,570 |
| 958,636 |
| (34.0) |
|
| 860,458 |
| 1.9 |
|
Other Investment Property |
| 434,298 |
| 406,880 |
| 26.7 |
|
| 373,148 |
| 16.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Properties |
| 4,106,216 |
| 4,163,076 |
| (5.4) |
|
| 3,874,276 |
| 6.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-4 Family Perm / Mini-Perm |
| 1,193,895 |
| 1,199,959 |
| (2.0) |
|
| 1,094,280 |
| 9.1 |
|
Residential Development |
| 2,036,207 |
| 1,963,061 |
| 14.8 |
|
| 1,490,948 |
| 36.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 1-4 Family Properties |
| 5,577,127 |
| 5,407,906 |
| 12.4 |
|
| 4,138,274 |
| 34.8 |
|
Land Acquisition |
| 1,402,402 |
| 1,307,168 |
| 28.9 |
|
| 1,125,608 |
| 24.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment-Related Real Estate |
| 11,085,745 |
| 10,878,150 |
| 7.6 |
|
| 9,138,158 |
| 21.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner-Occupied |
| 3,138,264 |
| 3,048,902 |
| 11.6 |
|
| 2,706,883 |
| 15.9 |
|
Other Property |
| 942,479 |
| 1,048,866 |
| (40.2) |
|
| 978,143 |
| (3.6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial Real Estate |
| 15,166,488 |
| 14,975,918 |
| 5.0 |
|
| 12,823,184 |
| 18.3 |
|
Commercial & Industrial |
| 5,875,854 |
| 5,711,488 |
| 11.4 |
|
| 5,268,042 |
| 11.5 |
|
Home Equity |
| 1,364,030 |
| 1,272,804 |
| 28.4 |
|
| 1,187,205 |
| 14.9 |
|
Consumer Mortgages |
| 1,517,849 |
| 1,512,091 |
| 1.5 |
|
| 1,372,134 |
| 10.6 |
|
Credit Card |
| 276,269 |
| 266,205 |
| 15.0 |
|
| 268,348 |
| 3.0 |
|
Other Consumer Loans |
| 500,757 |
| 506,490 |
| (4.5) |
|
| 521,521 |
| (4.0) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
| 3,658,905 |
| 3,557,590 |
| 11.3 |
|
| 3,349,208 |
| 9.2 |
|
Unearned Income |
| (46,695) |
| (52,400) |
| (43.2) |
|
| (48,087) |
| (2.9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total | $ | 24,654,552 |
| 24,192,596 |
| 7.6 | % | $ | 21,392,347 |
| 15.2 | % |
(1) | Percentage is annualized. |
|
(2) | The percentage change comparison to prior periods is impacted by the acquisitions of Riverside Bancshares, Inc. (Riverside) and Banking Corporation of Florida (First Florida), |
SYNOVUS |
|
|
|
|
|
|
|
|
|
|
| 12 of 12 | |
|
|
|
|
|
|
|
|
|
|
|
|
| |
CREDIT QUALITY DATA |
|
|
|
|
|
|
|
|
|
|
|
| |
(Dollars in thousands) |
| 2006 |
| 2005 |
| 4th Quarter | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| Fourth |
| Third |
| Second |
| First |
| Fourth |
| '06 vs. '05 | |
|
| Quarter |
| Quarter |
| Quarter |
| Quarter |
| Quarter |
| Change | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming Loans | $ | 96,623 |
| 94,766 |
| 88,805 |
| 80,061 |
| 82,175 |
| 17.6 | % |
Other Real Estate |
| 25,923 |
| 31,549 |
| 25,634 |
| 20,357 |
| 16,500 |
| 57.1 |
|
Nonperforming Assets |
| 122,545 |
| 126,315 |
| 114,439 |
| 100,418 |
| 98,675 |
| 24.2 |
|
Allowance for Loan Losses |
| 314,459 |
| 319,973 |
| 313,694 |
| 300,866 |
| 289,612 |
| 8.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Charge-Offs - Quarter |
| 24,190 |
| 12,111 |
| 9,528 |
| 14,388 |
| 14,732 |
| 64.2 |
|
Net Charge-Offs - YTD |
| 60,217 |
| 36,027 |
| 23,916 |
| 14,388 |
| 58,665 |
| 2.6 |
|
Net Charge-Offs / Average Loans - Quarter |
| 0.39 |
| 0.20 |
| 0.17 |
| 0.27 |
| 0.28 |
|
|
|
Net Charge-Offs / Average Loans - YTD |
| 0.26 |
| 0.21 |
| 0.21 |
| 0.27 |
| 0.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming Loans / Loans & ORE |
| 0.39 |
| 0.39 |
| 0.38 |
| 0.36 |
| 0.38 |
|
|
|
Nonperforming Assets / Loans & ORE |
| 0.50 |
| 0.52 |
| 0.48 |
| 0.45 |
| 0.46 |
|
|
|
Allowance / Loans |
| 1.28 |
| 1.32 |
| 1.33 |
| 1.34 |
| 1.35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance / Nonperforming Loans |
| 325.45 |
| 337.65 |
| 353.24 |
| 375.79 |
| 352.43 |
|
|
|
Allowance / Nonperforming Assets |
| 256.61 |
| 253.31 |
| 274.11 |
| 299.61 |
| 293.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Past Due Loans over 90 days |
| 34,031 |
| 18,002 |
| 19,340 |
| 17,376 |
| 16,023 |
|
|
|
As a Percentage of Loans Outstanding |
| 0.14 |
| 0.07 |
| 0.08 |
| 0.08 |
| 0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Past Dues |
| 154,027 |
| 140,526 |
| 111,464 |
| 114,744 |
| 93,807 |
|
|
|
As a Percentage of Loans Outstanding |
| 0.62 |
| 0.58 |
| 0.47 |
| 0.51 |
| 0.44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REGULATORY CAPITAL RATIOS (1) |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
| December 31, 2006 |
| September 30, 2006 |
| December 31, 2005 |
|
|
|
|
|
|
|
|
|
Tier 1 Capital | $ | 3,253,327 |
| 3,067,156 |
| 2,660,704 |
|
Total Risk-Based Capital |
| 4,317,786 |
| 4,137,129 |
| 3,700,315 |
|
Tier 1 Capital Ratio |
| 10.84 | % | 10.36 |
| 10.23 |
|
Total Risk-Based Capital Ratio |
| 14.39 |
| 13.98 |
| 14.23 |
|
Leverage Ratio |
| 10.64 |
| 10.28 |
| 9.99 |
|
|
|
|
|
|
|
|
|
(1) December 31, 2006 information is preliminary. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|