Please take a look at the balance sheets of Bank of America and Central Bank of Boone County.
What's the percentage of total deposits out of total liabilities (including capital) for Bank of America and Central Bank? Again, why do you think there is a significant difference?
Bank of America Corporation and Subsidiaries Consolidated Balance Sheet (Dollars in millions) December 31 2018 September 30 2018 December 31 2017 S 29,063 $ 29,480 27,440 $ 157,418 184,858 7.865 127,954 157,434 11.153 Assets Cash and due from banks Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks Cash and cash equivalents Time deposits placed and other short-term investments Federal funds sold and securities borrowed or purchased under agreements to resell Trading account assets Derivative assets Debt securities: Carried at fair value Held-to-maturity, at cost Total debt securities 148,341 177,404 7,494 261,131 214,348 43,725 248,237 219,118 212,747 209.358 37,762 45,617 251,635 315,117 238,101 203,652 441,753 194.472 446,107 125,013 440,130 936,749 Loans and leases Allowance for loan and lease losses Loans and leases, net of allowance 946,895 (9,601) 929,801 (9,734) (10,393) 926,356 937,294 9,906 Premises and equipment, net Goodwill 920,067 9,680 68,951 9,247 68,951 68.951 10,367 11,430 Loans held-for-sale Customer and other receivables 5,576 56,962 65,814 61,623 Other assets 135,043 116,320 2,354,507 $ 125,795 2,338,833 Total assets $ $ 2,281,234 $ 6,521 48.929 Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities) Trading account assets $ 5,798 $ Loans and leases 43,850 Allowance for loan and lease losses (912) Loans and leases, net of allowance 42,938 All other assets 337 Total assets of consolidated variable interest entities $ 49,073 $ 6,145 44,163 (920) 43,243 (1,016) 47,913 357 1,721 56,155 49,745 $ Bank of America Corporation and Subsidiaries Consolidated Statement of Comprehensive Income (Dollars in millions) Year Ended December 31 2018 2017 28,147 $ 18.232 Fourth Quarter 2018 7,278 Third Quarter 2018 Second Quarter 2018 First Quarter 2018 Fourth Quarter 2017 S S $ 7.167 $ 6,784 $ 6,918 $ 2,365 61 2,213 (870) (3,953) 749 (1,172) (269) (1,031) 179 (3,963) 273 (293) 566 (144) Net income Other comprehensive income (loss), net-of-tax: Net change in debt and equity securities Net change in debit valuation adjustments Net change in derivatives Employee benefit plan adjustments Net change in foreign currency translation adjustments Other comprehensive income (loss) Comprehensive income (53) 64 293 21 (92) (275) (92) 288 (496) 31 30 30 208 49 (48) (16) (405) (254) (3,916) 24,231 86 206 18,438 2,625 (114) (1,503) 5,664 (141) (1,055) 5,729 (3.983) (914) S $ 9,903 $ $ $ 2.935 $ 1,451 5 YEAR Consolidated Average Balance Sheet CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES 2018 2017 2016 Assets Cash & Due From Banks Investment Securities Money Market Obligations Loans Less Unearned Income Allowance for Loan Loss Net Loans Other Assets Total Assets $167,414,000 2,949,581,000 813,716,000 8,263,526,000 (129,565,000) 178,101,000 3,386,506,000 649,626,000 7,977,585,000 (126,816,000 7,850,769,000 647,671,000 12,712,673,000 189,278,000 3,197,151,000 721,983,000 7,593,567,000 (126,391,000) 7,467,176,000 669,523,000 12,245, 111,000 2015 2014 168,238,000 168,416,000 3,066,014,000 2,519,443,000 855,128,000 1,080,233,000 6,992,203,000 6,427,466,000 (127,123,000 (129,815,000 6,865,000,000 6,297,651,000 700,854,000 646,452.000 11,655,314,000 10,712,195,000 8,133,961,000 629,118,000 $12,693,790,000 3,175,488,000 Liabilities and Stockholders' Equity Non-Interest Bearing Demand Deposits 3,132,724,000 Savings & Interest Bearing Demand Deposits 5,109,279,000 Time Deposits 1,418,183,000 3,041,476,000 2,831,531,000 2,347,126,000 4,946,129,000 3,846,370,000 4,574,425,000 1,573,276,000 9,189,177,000 4,234,473,000 1,659,896,000 1,546,619,000 1,743,534,000 Total Deposits 9,660,186,000 9,668,236,000 8,725,900,000 7,937,030,000 1,129,666,000 Federal Funds Purchased & Repurchase Agreements Borrowed Funds Other Liabilities 976,546,000 14,000 196,097,000 0 1,240,600,000 1,175,000 183,422,000 1,186,022,000 12,986,000 194,505,000 1156,240,000 13,379,000 128,643,000 193,746,000 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 10,832,843,000 1,860,947,000 10,991,648,000 1,721,025,000 10,614,374,000 1,630,737,000 10,119,413,000 1,535,901,000 9,235,292,000 1,476,903,000 $12,693,790,000 12,712,673,000 12,245,111,000 11,655,314,000 10,712,195,000 5 YEAR Consolidated Summary of Operations CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES 2018 2017 2016 2014 2015 375,825,000 Interest Income $470,009,000 425,328,000 400,910,000 352,786,000 Interest Expense 51,479,000 33,378,000 22,862,000 20,000,000 19,650,000 Net Interest Income 418,530,000 391,950,000 378,048,000 355,825,000 333,136,000 Provision for Loan Losses 15,880,000 18,142,000 14,982,000 8,588,000 6,823,000 Non-Interest Income 162,487,000 161,012,000 167,972,000 154,091,000 144,983,000 Non-Interest Expense 339,013,000 335,288,000 329,572,000 326,333,000 303,506,000 Income Before Taxes 226,124,000 199,532,000 201,466,000 174,995,000 167,790,000 Income Taxes 48,548,000 62,505,000 59,438,000 53,503,000 52,319,000 Net Income $177,576,000 137,027,000 142,028,000 121,492,000 115,471,000 Bank of America Corporation and Subsidiaries Consolidated Balance Sheet (Dollars in millions) December 31 2018 September 30 2018 December 31 2017 S 29,063 $ 29,480 27,440 $ 157,418 184,858 7.865 127,954 157,434 11.153 Assets Cash and due from banks Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks Cash and cash equivalents Time deposits placed and other short-term investments Federal funds sold and securities borrowed or purchased under agreements to resell Trading account assets Derivative assets Debt securities: Carried at fair value Held-to-maturity, at cost Total debt securities 148,341 177,404 7,494 261,131 214,348 43,725 248,237 219,118 212,747 209.358 37,762 45,617 251,635 315,117 238,101 203,652 441,753 194.472 446,107 125,013 440,130 936,749 Loans and leases Allowance for loan and lease losses Loans and leases, net of allowance 946,895 (9,601) 929,801 (9,734) (10,393) 926,356 937,294 9,906 Premises and equipment, net Goodwill 920,067 9,680 68,951 9,247 68,951 68.951 10,367 11,430 Loans held-for-sale Customer and other receivables 5,576 56,962 65,814 61,623 Other assets 135,043 116,320 2,354,507 $ 125,795 2,338,833 Total assets $ $ 2,281,234 $ 6,521 48.929 Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities) Trading account assets $ 5,798 $ Loans and leases 43,850 Allowance for loan and lease losses (912) Loans and leases, net of allowance 42,938 All other assets 337 Total assets of consolidated variable interest entities $ 49,073 $ 6,145 44,163 (920) 43,243 (1,016) 47,913 357 1,721 56,155 49,745 $ Bank of America Corporation and Subsidiaries Consolidated Statement of Comprehensive Income (Dollars in millions) Year Ended December 31 2018 2017 28,147 $ 18.232 Fourth Quarter 2018 7,278 Third Quarter 2018 Second Quarter 2018 First Quarter 2018 Fourth Quarter 2017 S S $ 7.167 $ 6,784 $ 6,918 $ 2,365 61 2,213 (870) (3,953) 749 (1,172) (269) (1,031) 179 (3,963) 273 (293) 566 (144) Net income Other comprehensive income (loss), net-of-tax: Net change in debt and equity securities Net change in debit valuation adjustments Net change in derivatives Employee benefit plan adjustments Net change in foreign currency translation adjustments Other comprehensive income (loss) Comprehensive income (53) 64 293 21 (92) (275) (92) 288 (496) 31 30 30 208 49 (48) (16) (405) (254) (3,916) 24,231 86 206 18,438 2,625 (114) (1,503) 5,664 (141) (1,055) 5,729 (3.983) (914) S $ 9,903 $ $ $ 2.935 $ 1,451 5 YEAR Consolidated Average Balance Sheet CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES 2018 2017 2016 Assets Cash & Due From Banks Investment Securities Money Market Obligations Loans Less Unearned Income Allowance for Loan Loss Net Loans Other Assets Total Assets $167,414,000 2,949,581,000 813,716,000 8,263,526,000 (129,565,000) 178,101,000 3,386,506,000 649,626,000 7,977,585,000 (126,816,000 7,850,769,000 647,671,000 12,712,673,000 189,278,000 3,197,151,000 721,983,000 7,593,567,000 (126,391,000) 7,467,176,000 669,523,000 12,245, 111,000 2015 2014 168,238,000 168,416,000 3,066,014,000 2,519,443,000 855,128,000 1,080,233,000 6,992,203,000 6,427,466,000 (127,123,000 (129,815,000 6,865,000,000 6,297,651,000 700,854,000 646,452.000 11,655,314,000 10,712,195,000 8,133,961,000 629,118,000 $12,693,790,000 3,175,488,000 Liabilities and Stockholders' Equity Non-Interest Bearing Demand Deposits 3,132,724,000 Savings & Interest Bearing Demand Deposits 5,109,279,000 Time Deposits 1,418,183,000 3,041,476,000 2,831,531,000 2,347,126,000 4,946,129,000 3,846,370,000 4,574,425,000 1,573,276,000 9,189,177,000 4,234,473,000 1,659,896,000 1,546,619,000 1,743,534,000 Total Deposits 9,660,186,000 9,668,236,000 8,725,900,000 7,937,030,000 1,129,666,000 Federal Funds Purchased & Repurchase Agreements Borrowed Funds Other Liabilities 976,546,000 14,000 196,097,000 0 1,240,600,000 1,175,000 183,422,000 1,186,022,000 12,986,000 194,505,000 1156,240,000 13,379,000 128,643,000 193,746,000 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 10,832,843,000 1,860,947,000 10,991,648,000 1,721,025,000 10,614,374,000 1,630,737,000 10,119,413,000 1,535,901,000 9,235,292,000 1,476,903,000 $12,693,790,000 12,712,673,000 12,245,111,000 11,655,314,000 10,712,195,000 5 YEAR Consolidated Summary of Operations CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES 2018 2017 2016 2014 2015 375,825,000 Interest Income $470,009,000 425,328,000 400,910,000 352,786,000 Interest Expense 51,479,000 33,378,000 22,862,000 20,000,000 19,650,000 Net Interest Income 418,530,000 391,950,000 378,048,000 355,825,000 333,136,000 Provision for Loan Losses 15,880,000 18,142,000 14,982,000 8,588,000 6,823,000 Non-Interest Income 162,487,000 161,012,000 167,972,000 154,091,000 144,983,000 Non-Interest Expense 339,013,000 335,288,000 329,572,000 326,333,000 303,506,000 Income Before Taxes 226,124,000 199,532,000 201,466,000 174,995,000 167,790,000 Income Taxes 48,548,000 62,505,000 59,438,000 53,503,000 52,319,000 Net Income $177,576,000 137,027,000 142,028,000 121,492,000 115,471,000
