| 3-31-08 | 12-31-07 | 3-31-07 | |||||||||||
Assets | |||||||||||||
| Loans | $ | 76,444 | $ | 70,823 | $ | 65,711 | |||||||
| Loans held for sale | 1,674 | 4,736 | 4,175 | ||||||||||
| Securities available for sale | 8,419 | 7,860 | 7,789 | ||||||||||
| Held-to-maturity securities | 29 | 28 | 38 | ||||||||||
| Trading account assets | 1,015 | 1,056 | 671 | ||||||||||
| Short-term investments | 577 | 516 | 1,313 | ||||||||||
| Other investments | 1,561 | 1,538 | 1,466 | ||||||||||
| Total earning assets | 89,719 | 86,557 | 81,163 | ||||||||||
| Allowance for loan losses | (1,298 | ) | (1,200 | ) | (944 | ) | |||||||
| Cash and due from banks | 1,730 | 1,814 | 2,052 | ||||||||||
| Premises and equipment | 712 | 681 | 590 | ||||||||||
| Operating lease assets | 1,070 | 1,128 | 1,074 | ||||||||||
| Goodwill | 1,599 | 1,252 | 1,202 | ||||||||||
| Other intangible assets | 164 | 123 | 115 | ||||||||||
| Corporate-owned life insurance | 2,894 | 2,872 | 2,805 | ||||||||||
| Derivative assets | 1,508 | 879 | 413 | ||||||||||
| Accrued income and other assets | 3,394 | 4,122 | 3,786 | ||||||||||
Total assets | $ | 101,492 | $ | 98,228 | $ | 92,256 | |||||||
Liabilities | |||||||||||||
| Deposits in domestic offices: | |||||||||||||
| NOW and money market deposit accounts | $ | 26,527 | $ | 27,635 | $ | 23,317 | |||||||
| Savings deposits | 1,826 | 1,513 | 1,654 | ||||||||||
| Certificates of deposit ($100,000 or more) | 8,330 | 6,982 | 6,094 | ||||||||||
| Other time deposits | 12,933 | 11,615 | 12,086 | ||||||||||
| Total interest-bearing deposits | 49,616 | 47,745 | 43,151 | ||||||||||
| Noninterest-bearing deposits | 10,896 | 11,028 | 13,473 | ||||||||||
| Deposits in foreign office — interest-bearing | 4,190 | 4,326 | 3,149 | ||||||||||
| Total deposits | 64,702 | 63,099 | 59,773 | ||||||||||
| Federal funds purchased and securities sold under repurchase agreements | 3,503 | 3,927 | 5,770 | ||||||||||
| Bank notes and other short-term borrowings | 5,464 | 5,861 | 922 | ||||||||||
| Derivative liabilities | 465 | 252 | 173 | ||||||||||
| Accrued expense and other liabilities | 4,429 | 5,386 | 4,838 | ||||||||||
| Long-term debt | 14,337 | 11,957 | 13,061 | ||||||||||
Total liabilities | 92,900 | 90,482 | 84,537 | ||||||||||
Shareholders’ equity | |||||||||||||
| Preferred stock | — | — | — | ||||||||||
| Common shares | 492 | 492 | 492 | ||||||||||
| Capital surplus | 1,659 | 1,623 | 1,614 | ||||||||||
| Retained earnings | 8,737 | 8,522 | 8,528 | ||||||||||
| Treasury stock, at cost | (2,689 | ) | (3,021 | ) | (2,801 | ) | |||||||
| Accumulated other comprehensive income (loss) | 393 | 130 | (114 | ) | |||||||||
Total shareholders’ equity | 8,592 | 7,746 | 7,719 | ||||||||||
Total liabilities and shareholders’ equity | $ | 101,492 | $ | 98,228 | $ | 92,256 | |||||||
| Common shares outstanding (000) | 400,071 | 388,793 | 394,483 | ||||||||||
| Three months ended | ||||||||||||
| 3-31-08 | 12-31-07 | 3-31-07 | ||||||||||
Interest income | ||||||||||||
| Loans | $ | 1,123 | $ | 1,205 | $ | 1,161 | ||||||
| Loans held for sale | 87 | 89 | 75 | |||||||||
| Securities available for sale | 109 | 115 | 100 | |||||||||
| Held-to-maturity securities | 1 | 1 | 1 | |||||||||
| Trading account assets | 13 | 12 | 7 | |||||||||
| Short-term investments | 9 | 13 | 11 | |||||||||
| Other investments | 12 | 12 | 13 | |||||||||
| Total interest income | 1,354 | 1,447 | 1,368 | |||||||||
Interest expense | ||||||||||||
| Deposits | 428 | 483 | 433 | |||||||||
| Federal funds purchased and securities sold under repurchase agreements | 28 | 45 | 49 | |||||||||
| Bank notes and other short-term borrowings | 39 | 45 | 11 | |||||||||
| Long-term debt | 146 | 164 | 196 | |||||||||
| Total interest expense | 641 | 737 | 689 | |||||||||
Net interest income | 713 | 710 | 679 | |||||||||
| Provision for loan losses | 187 | 363 | 44 | |||||||||
| Net interest income after provision for loan losses | 526 | 347 | 635 | |||||||||
Noninterest income | ||||||||||||
| Trust and investment services income | 129 | 131 | 125 | |||||||||
| Service charges on deposit accounts | 88 | 90 | 75 | |||||||||
| Investment banking and capital markets income | 8 | 12 | 44 | |||||||||
| Operating lease income | 69 | 72 | 64 | |||||||||
| Letter of credit and loan fees | 37 | 58 | 38 | |||||||||
| Corporate-owned life insurance income | 28 | 37 | 25 | |||||||||
| Electronic banking fees | 24 | 25 | 24 | |||||||||
| Net (losses) gains from loan securitizations and sales | (101 | ) | (6 | ) | 9 | |||||||
| Net securities gains (losses) | 3 | 6 | (47 | ) | ||||||||
| Net gains from principal investing | 9 | 6 | 29 | |||||||||
| Gain from redemption of Visa Inc. shares | 165 | — | — | |||||||||
| Gain from sale of McDonald Investments branch network | — | — | 171 | |||||||||
| Other income | 69 | 57 | 97 | |||||||||
| Total noninterest income | 528 | 488 | 654 | |||||||||
Noninterest expense | ||||||||||||
| Personnel | 409 | 399 | 428 | |||||||||
| Net occupancy | 66 | 64 | 63 | |||||||||
| Computer processing | 47 | 52 | 51 | |||||||||
| Operating lease expense | 58 | 59 | 52 | |||||||||
| Professional fees | 23 | 38 | 26 | |||||||||
| Equipment | 24 | 25 | 25 | |||||||||
| Marketing | 14 | 16 | 19 | |||||||||
| Other expense | 91 | 243 | 120 | |||||||||
| Total noninterest expense | 732 | 896 | 784 | |||||||||
Income (loss) from continuing operations before income taxes | 322 | (61 | ) | 505 | ||||||||
| Income taxes | 104 | (83 | ) | 147 | ||||||||
Income from continuing operations | 218 | 22 | 358 | |||||||||
| Income (loss) from discontinued operations, net of taxes | — | 3 | (8 | ) | ||||||||
Net income | $ | 218 | $ | 25 | $ | 350 | ||||||
Per common share: | ||||||||||||
| Income from continuing operations | $ | .55 | $ | .06 | $ | .90 | ||||||
| Net income | .55 | .06 | .88 | |||||||||
Per common share — assuming dilution: | ||||||||||||
| Income from continuing operations | $ | .54 | $ | .06 | $ | .89 | ||||||
| Net income | .54 | .06 | .87 | |||||||||
| Cash dividends declared per common share | — | $ | .74 | $ | .365 | |||||||
| Weighted-average common shares outstanding (000) | 399,121 | 388,841 | 397,875 | |||||||||
| Weighted-average common shares and potential common shares outstanding (000) | 399,769 | 389,911 | 403,478 | |||||||||
