Wells Fargo 2005 Annual Report Download - page 63

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61
Wells Fargo & Company and Subsidiaries
Consolidated Balance Sheet
(in millions, except shares) December 31,
2005 2004
ASSETS
Cash and due from banks $ 15,397 $ 12,903
Federal funds sold, securities purchased under
resale agreements and other short-term investments 5,306 5,020
Trading assets 10,905 9,000
Securities available for sale 41,834 33,717
Mortgages held for sale 40,534 29,723
Loans held for sale 612 8,739
Loans 310,837 287,586
Allowance for loan losses (3,871) (3,762)
Net loans 306,966 283,824
Mortgage servicing rights, net 12,511 7,901
Premises and equipment, net 4,417 3,850
Goodwill 10,787 10,681
Other assets 32,472 22,491
Total assets $481,741 $427,849
LIABILITIES
Noninterest-bearing deposits $ 87,712 $ 81,082
Interest-bearing deposits 226,738 193,776
Total deposits 314,450 274,858
Short-term borrowings 23,892 21,962
Accrued expenses and other liabilities 23,071 19,583
Long-term debt 79,668 73,580
Total liabilities 441,081 389,983
STOCKHOLDERS’ EQUITY
Preferred stock 325 270
Common stock – $12/3par value, authorized 6,000,000,000 shares;
issued 1,736,381,025 shares 2,894 2,894
Additional paid-in capital 9,934 9,806
Retained earnings 30,580 26,482
Cumulative other comprehensive income 665 950
Treasury stock – 58,797,993 shares and 41,789,388 shares (3,390) (2,247)
Unearned ESOP shares (348) (289)
Total stockholders’ equity 40,660 37,866
Total liabilities and stockholders’ equity $481,741 $427,849
The accompanying notes are an integral part of these statements.