Wells Fargo 2005 Annual Report Download - page 103

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101
Condensed Consolidating Balance Sheets
(in millions) Parent WFFI Other Eliminations Consolidated
consolidating Company
subsidiaries
December 31, 2005
ASSETS
Cash and cash equivalents due from:
Subsidiary banks $ 10,720 $ 255 $ 25 $ (11,000) $ —
Nonaffiliates 74 219 20,410 — 20,703
Securities available for sale 888 1,763 39,189 (6) 41,834
Mortgages and loans held for sale — 32 41,114 — 41,146
Loans 1 44,598 267,121 (883) 310,837
Loans to subsidiaries:
Bank 3,100 — — (3,100) —
Nonbank 44,935 1,003 — (45,938) —
Allowance for loan losses — (1,280) (2,591) — (3,871)
Net loans 48,036 44,321 264,530 (49,921) 306,966
Investments in subsidiaries:
Bank 37,298 — — (37,298) —
Nonbank 4,258 — — (4,258) —
Other assets 6,272 1,247 65,336 (1,763) 71,092
Total assets $107,546 $47,837 $430,604 $(104,246) $481,741
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits $ — $ — $325,450 $ (11,000) $314,450
Short-term borrowings 81 9,005 28,746 (13,940) 23,892
Accrued expenses and other liabilities 3,480 1,241 20,856 (2,506) 23,071
Long-term debt 59,341 35,087 16,613 (31,373) 79,668
Indebtedness to subsidiaries 3,984 — — (3,984) —
Total liabilities 66,886 45,333 391,665 (62,803) 441,081
Stockholders’ equity 40,660 2,504 38,939 (41,443) 40,660
Total liabilities and stockholders’ equity $107,546 $47,837 $430,604 $(104,246) $481,741
December 31, 2004
ASSETS
Cash and cash equivalents due from:
Subsidiary banks $ 9,493 $ 171 $ — $ (9,664) $ —
Nonaffiliates 226 311 17,386 — 17,923
Securities available for sale 1,419 1,841 30,463 (6) 33,717
Mortgages and loans held for sale — 23 38,439 — 38,462
Loans 1 33,624 253,961 — 287,586
Loans to subsidiaries:
Bank 700 — — (700) —
Nonbank 36,368 856 — (37,224) —
Allowance for loan losses — (952) (2,810) — (3,762)
Net loans 37,069 33,528 251,151 (37,924) 283,824
Investments in subsidiaries:
Bank 35,357 — — (35,357) —
Nonbank 4,413 — — (4,413) —
Other assets 4,720 807 48,997 (601) 53,923
Total assets $ 92,697 $36,681 $386,436 $ (87,965) $427,849
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits $ — $ — $284,522 $ (9,664) $274,858
Short-term borrowings 65 5,662 27,985 (11,750) 21,962
Accrued expenses and other liabilities 2,535 1,103 17,342 (1,397) 19,583
Long-term debt 50,146 27,508 19,354 (23,428) 73,580
Indebtedness to subsidiaries 2,085 — — (2,085) —
Total liabilities 54,831 34,273 349,203 (48,324) 389,983
Stockholders’ equity 37,866 2,408 37,233 (39,641) 37,866
Total liabilities and stockholders’ equity $ 92,697 $36,681 $386,436 $ (87,965) $427,849