10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BANK OF AMERICA CORP /DE/ | |||
Ticker: BAC Fiscal Year: 2009 | |||
Statement Of Income Interest Based Revenue | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Interest income | |||
| Interest and fees on loans and leases | $ 48,703 | 56,017 | 55,681 |
| Interest on debt securities | 12,947 | 13,146 | 9,784 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 2,894 | 3,313 | 7,722 |
| Trading account assets | 7,944 | 9,057 | 9,417 |
| Other interest income | 5,428 | 4,151 | 4,700 |
| Total interest income | 77,916 | 85,684 | 87,304 |
| Interest expense | |||
| Deposits | 7,807 | 15,250 | 18,093 |
| Short-term borrowings | 5,512 | 12,362 | 21,967 |
| Trading account liabilities | 2,075 | 2,774 | 3,444 |
| Long-term debt | 15,413 | 9,938 | 9,359 |
| Total interest expense | 30,807 | 40,324 | 52,863 |
| Net interest income | 47,109 | 45,360 | 34,441 |
| Noninterest income | |||
| Card income | 8,353 | 13,314 | 14,077 |
| Service charges | 11,038 | 10,316 | 8,908 |
| Investment and brokerage services | 11,919 | 4,972 | 5,147 |
| Investment banking income | 5,551 | 2,263 | 2,345 |
| Equity investment income | 10,014 | 539 | 4,064 |
| Trading account profits (losses) | 12,235 | (5,911) | (4,889) |
| Mortgage banking income | 8,791 | 4,087 | 902 |
| Insurance income | 2,760 | 1,833 | 761 |
| Gains on sales of debt securities | 4,723 | 1,124 | 180 |
| Other income (loss) | (14) | (1,654) | 1,295 |
| Other-than-temporary impairment losses on available-for-sale debt securities: | |||
| Total other-than-temporary impairment losses | (3,508) | (3,461) | (398) |
| Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income | 672 | 0 | 0 |
| Net impairment losses recognized in earnings on available-for-sale debt securities | (2,836) | (3,461) | (398) |
| Total noninterest income | 72,534 | 27,422 | 32,392 |
| Total revenue, net of interest expense | 119,643 | 72,782 | 66,833 |
| Provision for credit losses | 48,570 | 26,825 | 8,385 |
| Noninterest expense | |||
| Personnel | 31,528 | 18,371 | 18,753 |
| Occupancy | 4,906 | 3,626 | 3,038 |
| Equipment | 2,455 | 1,655 | 1,391 |
| Marketing | 1,933 | 2,368 | 2,356 |
| Professional fees | 2,281 | 1,592 | 1,174 |
| Amortization of intangibles | 1,978 | 1,834 | 1,676 |
| Data processing | 2,500 | 2,546 | 1,962 |
| Telecommunications | 1,420 | 1,106 | 1,013 |
| Other general operating | 14,991 | 7,496 | 5,751 |
| Merger and restructuring charges | 2,721 | 935 | 410 |
| Total noninterest expense | 66,713 | 41,529 | 37,524 |
| Income before income taxes | 4,360 | 4,428 | 20,924 |
| Income tax expense (benefit) | (1,916) | 420 | 5,942 |
| Net income | 6,276 | 4,008 | 14,982 |
| Preferred stock dividends and accretion | 8,480 | 1,452 | 182 |
| Net income (loss) applicable to common shareholders | (2,204) | 2,556 | 14,800 |
| Per common share information | |||
| Earnings (loss) | (0.29) | 0.54 | 3.32 |
| Diluted earnings (loss) | (0.29) | 0.54 | 3.29 |
| Dividends paid | 0.04 | 2.24 | 2.40 |
| Average common shares issued and outstanding (in thousands) | 7,728,570 | 4,592,085 | 4,423,579 |
| Average diluted common shares issued and outstanding (in thousands) | 7,728,570 | 4,596,428 | 4,463,213 |
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |