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: 2012 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Interest income | |||
| Loans and leases | $ 38,880 | 44,966 | 50,996 |
| Debt securities | 8,776 | 9,521 | 11,667 |
| Federal funds sold and securities borrowed or purchased under agreements to resell | 1,502 | 2,147 | 1,832 |
| Trading account assets | 5,094 | 5,961 | 6,841 |
| Other interest income | 3,148 | 3,641 | 4,161 |
| Total interest income | 57,400 | 66,236 | 75,497 |
| Interest expense | |||
| Deposits | 1,990 | 3,002 | 3,997 |
| Short-term borrowings | 3,572 | 4,599 | 3,699 |
| Trading account liabilities | 1,763 | 2,212 | 2,571 |
| Long-term debt | 9,419 | 11,807 | 13,707 |
| Total interest expense | 16,744 | 21,620 | 23,974 |
| Net interest income | 40,656 | 44,616 | 51,523 |
| Noninterest income | |||
| Card income | 6,121 | 7,184 | 8,108 |
| Service charges | 7,600 | 8,094 | 9,390 |
| Investment and brokerage services | 11,393 | 11,826 | 11,622 |
| Investment banking income | 5,299 | 5,217 | 5,520 |
| Equity investment income | 2,070 | 7,360 | 5,260 |
| Trading account profits | 5,870 | 6,697 | 10,054 |
| Mortgage banking income (loss) | 4,750 | (8,830) | 2,734 |
| Insurance income (loss) | (195) | 1,346 | 2,066 |
| Gains on sales of debt securities | 1,662 | 3,374 | 2,526 |
| Other income (loss) | (1,839) | 6,869 | 2,384 |
| Other-than-temporary impairment losses on available-for-sale debt securities: | |||
| Total other-than-temporary impairment losses | (57) | (360) | (2,174) |
| Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income | 4 | 61 | 1,207 |
| Net impairment losses recognized in earnings on available-for-sale debt securities | (53) | (299) | (967) |
| Total noninterest income | 42,678 | 48,838 [1] | 58,697 |
| Total revenue, net of interest expense | 83,334 | 93,454 | 110,220 |
| Provision for credit losses | 8,169 | 13,410 | 28,435 |
| Noninterest expense | |||
| Personnel | 35,648 | 36,965 | 35,149 |
| Occupancy | 4,570 | 4,748 | 4,716 |
| Equipment | 2,269 | 2,340 | 2,452 |
| Marketing | 1,873 | 2,203 | 1,963 |
| Professional fees | 3,574 | 3,381 | 2,695 |
| Amortization of intangibles | 1,264 | 1,509 | 1,731 |
| Data processing | 2,961 | 2,652 | 2,544 |
| Telecommunications | 1,660 | 1,553 | 1,416 |
| Other general operating | 18,274 | 21,101 | 16,222 |
| Goodwill impairment | 3,184 | 12,400 | |
| Merger and restructuring charges | 0 | 638 | 1,820 |
| Total noninterest expense | 72,093 | 80,274 | 83,108 |
| Income (loss) before income taxes | 3,072 | (230) | (1,323) |
| Income tax expense (benefit) | (1,116) | (1,676) | 915 |
| Net income (loss) | 4,188 | 1,446 | (2,238) |
| Preferred stock dividends and accretion | 1,428 | 1,361 | 1,357 |
| Net income (loss) applicable to common shareholders | 2,760 | 85 | (3,595) |
| Per common share information | |||
| Earnings (loss) | 0.26 | 0.01 | (0.37) |
| Diluted earnings (loss) | 0.25 | 0.01 | (0.37) |
| Dividends paid | 0.04 | 0.04 | 0.04 |
| Average common shares issued and outstanding (in thousands) | 10,746,028 | 10,142,625 | 9,790,472 |
| Average diluted common shares issued and outstanding (in thousands) | 10,840,854 | 10,254,824 | 9,790,472 |
| [1] There were no material intersegment revenues. | |||
| External Links | |
| BANK OF AMERICA CORP /DE/ (BAC) Fiscal Year 2012 | |
| 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 |