Financial Analysis of Bank of America
Financial Statement Analysis of Bank of America
Group 1
Chen, Yelin
Dong, Xiaoxu
Gransbach, Jennifer
Shuai, Wang
Weiss, Charles
1 Financial Statements of Bank of America 1 1.1 Balance sheet 1 1.2 Income statement 2 1.3 Regulatory capital ratios 2 1.4 Investment portfolio 2 1.5 Impact of the FSP FAS 115-2 and FAS 124-2 on OTTI 3
1.5.1 Bank of America 3
1.5.2 JP Morgan Chase 3
1.5.3 Citi Group 3 1.6 Netting Financial Instruments 3
1.6.1 Bank of America 4
1.6.2 Comparable banks 4
1.6.3 Analysis of the impact 4 2 Fair Value Accounting for Financial Instruments 4 2.1 Fair value accounting 4 Table 6 Summary of the Fair Value Income 5 2.2 Opinions about fair value accounting 5 3 Interest Rate Risk and Net Interest Earnings 6 3.1 Net interest margin 6 3.2 Interest rate risk 7 4 Credit Risk and Losses 7 4.1 Main loss reserve adequacy ratios 8 4.2 Policy to designate past due loans as non-performing 8 4.3 Adequacy of the bank’s allowance for loan losses 8 4.4 Disclosure policies relating to loans 8 5 Appendix 9
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Part 1 Financial Statements of Bank of America . 1.1 Balance sheet
Bank of America’s balance sheet has total assets of $2,129,046 million in 2011, which is less than last year’s $2,264,909 million, a fairly significant decline. There are a few primary assets on the balance sheet. The largest asset is loans and leases which makes up 41.92% of the total assets. The next largest asset was Available-For-Sale securities making up 12.97% of total assets. Total liabilities on the balance sheet were $1,898,945 million, with the primary liability being deposits in U.S. offices both interest bearing and noninterest bearing, at 50.4% of total liabilities. The next largest liability was long-term debt at 19.6% of total liabilities. In millions | 2011 | % of total assets | 2010 | % of total assets | % chg from 2010-2011 |
Group 1
Chen, Yelin
Dong, Xiaoxu
Gransbach, Jennifer
Shuai, Wang
Weiss, Charles
1 Financial Statements of Bank of America 1 1.1 Balance sheet 1 1.2 Income statement 2 1.3 Regulatory capital ratios 2 1.4 Investment portfolio 2 1.5 Impact of the FSP FAS 115-2 and FAS 124-2 on OTTI 3
1.5.1 Bank of America 3
1.5.2 JP Morgan Chase 3
1.5.3 Citi Group 3 1.6 Netting Financial Instruments 3
1.6.1 Bank of America 4
1.6.2 Comparable banks 4
1.6.3 Analysis of the impact 4 2 Fair Value Accounting for Financial Instruments 4 2.1 Fair value accounting 4 Table 6 Summary of the Fair Value Income 5 2.2 Opinions about fair value accounting 5 3 Interest Rate Risk and Net Interest Earnings 6 3.1 Net interest margin 6 3.2 Interest rate risk 7 4 Credit Risk and Losses 7 4.1 Main loss reserve adequacy ratios 8 4.2 Policy to designate past due loans as non-performing 8 4.3 Adequacy of the bank’s allowance for loan losses 8 4.4 Disclosure policies relating to loans 8 5 Appendix 9
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Part 1 Financial Statements of Bank of America . 1.1 Balance sheet
Bank of America’s balance sheet has total assets of $2,129,046 million in 2011, which is less than last year’s $2,264,909 million, a fairly significant decline. There are a few primary assets on the balance sheet. The largest asset is loans and leases which makes up 41.92% of the total assets. The next largest asset was Available-For-Sale securities making up 12.97% of total assets. Total liabilities on the balance sheet were $1,898,945 million, with the primary liability being deposits in U.S. offices both interest bearing and noninterest bearing, at 50.4% of total liabilities. The next largest liability was long-term debt at 19.6% of total liabilities. In millions | 2011 | % of total assets | 2010 | % of total assets | % chg from 2010-2011 |