SunTrust Banks, Inc. (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 22 - SUNTRUST BANKS, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

Statements of Income - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2013				2012			2011
Income
Dividends1		$1,200				$27			$29
Interest on loans	10				36			11
Trading income	16				18			53
Other income	7				23			132
Total income	1,233				104			225
Expense
Interest on short-term borrowings	12				13			9
Interest on long-term debt	96				177			226
Employee compensation and benefits2	24				111			(7		)
Service fees to subsidiaries	3				3			11
Other expense	(113		)	3	43			133
Total expense	22				347			372
Income/(loss) before income tax benefit and equity in undistributed income of subsidiaries	1,211				(243		)	(147		)
Income tax benefit	8				91			49
Income/(loss) before equity in undistributed income of subsidiaries	1,219				(152		)	(98		)
Equity in undistributed income of subsidiaries	125				2,110			745
Net income	1,344				1,958			647
Preferred dividends	(37		)		(12		)	(7		)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury	—				—			(66		)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury	—				—			(74		)
Dividends and undistributed earnings allocated to unvested shares	(10		)		(15		)	(5		)
Net income available to common shareholders		$1,297				$1,931			$495

¹ Substantially all dividend income received from subsidiaries.

² Includes incentive compensation allocations between the Parent Company and subsidiaries.

³ Includes the transfer to STM of certain mortgage legal-related expenses recorded at the Parent Company in prior years.

Balance Sheets - Parent Company Only

	December 31
(Dollars in millions)	2013			2012
Assets
Cash held at SunTrust Bank		$238			$137
Interest-bearing deposits held at SunTrust Bank	2,756			604
Interest-bearing deposits held at other banks	20			20
Cash and cash equivalents	3,014			761
Trading assets and derivatives	92			103
Securities available for sale	316			279
Loans to subsidiaries	1,311			2,733
Investment in capital stock of subsidiaries stated on the basis of the Company’s equity in subsidiaries’ capital accounts:
Banking subsidiaries	21,772			22,521
Nonbanking subsidiaries	1,465			1,368
Goodwill	99			99
Other assets	534			561
Total assets		$28,603			$28,425
Liabilities and Shareholders’ Equity
Short-term borrowings:
Subsidiaries		$656			$1,525
Non-affiliated companies	1,554			1,512
Long-term debt:
Subsidiaries	160			160
Non-affiliated companies	4,111			3,249
Other liabilities	819			1,108
Total liabilities	7,300			7,554
Preferred stock	725			725
Common stock	550			550
Additional paid in capital	9,115			9,174
Retained earnings	11,936			10,817
Treasury stock, at cost, and other1	(734		)	(704		)
AOCI, net of tax	(289		)	309
Total shareholders’ equity	21,303			20,871
Total liabilities and shareholders’ equity		$28,603			$28,425

¹ At December 31, 2013, includes ($684) million for treasury stock and ($50) million for compensation element of restricted stock.

At December 31, 2012, includes ($656) million for treasury stock and ($48) million for compensation element of restricted stock.

Statements of Cash Flows - Parent Company Only

	Year Ended December 31
(Dollars in millions)	2013			2012			2011
Cash Flows from Operating Activities:
Net income		$1,344			$1,958			$647
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Equity in undistributed income of subsidiaries	(125		)	(2,110		)	(745		)
Depreciation, amortization, and accretion	5			10			17
Deferred income tax provision/(benefit)	74			18			(56		)
Excess tax benefits from stock-based compensation	(4		)	(11		)	—
Stock option compensation and amortization of restricted stock compensation	34			35			44
Net loss/(gain) on extinguishment of debt	—			15			(3		)
Net securities gains	(2		)	(6		)	(92		)
Contributions to retirement plans	(8		)	(26		)	(8		)
Net decrease/(increase) in other assets	50			(190		)	(192		)
Net (decrease)/increase in other liabilities	(327		)	369			130
Net cash provided by/(used in) operating activities	1,041			62			(258		)
Cash Flows from Investing Activities:
Proceeds from maturities, calls, and repayments of securities available for sale	55			65			61
Proceeds from sales of securities available for sale	57			47			6,700
Purchases of securities available for sale	(25		)	(68		)	(2,374		)
Proceeds from maturities, calls, and repayments of trading securities	1			2			137
Proceeds from sales of trading securities	8			—			75
Net change in loans to subsidiaries	1,422			940			(3,185		)
Capital contributions to subsidiaries	—			(150		)	(250		)
Net cash provided by investing activities	1,518			836			1,164
Cash Flows from Financing Activities:
Net (decrease)/increase in short-term borrowings	(827		)	935			463
Proceeds from the issuance of long-term debt	888			15			1,749
Repayment of long-term debt	(9		)	(3,073		)	(482		)
Proceeds from the issuance of preferred stock	—			438			103
Proceeds from the issuance of common stock	—			—			1,017
Repurchase of preferred stock	—			—			(4,850		)
Repurchase of common stock	(150		)	—			—
Stock option activity	17			26			—
Dividends paid	(225		)	(119		)	(131		)
Purchase of outstanding warrants	—			—			(11		)
Net cash used in financing activities	(306		)	(1,778		)	(2,142		)
Net increase/(decrease) in cash and cash equivalents	2,253			(880		)	(1,236		)
Cash and cash equivalents at beginning of period	761			1,641			2,877
Cash and cash equivalents at end of period		$3,014			$761			$1,641
Supplemental Disclosures:
Income taxes (paid to)/received from subsidiaries		($195	)		$621			($2	)
Income taxes received/(paid) by Parent Company	55			(605		)	(66		)
Net income taxes (paid)/received by Parent Company		($140	)		$16			($68	)
Interest paid		$112			$189			$246
Accretion of discount for preferred stock issued to the U.S. Treasury	—			—			80