Wells Fargo 2006 Annual Report Download - page 111

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109109
Condensed Consolidating Balance Sheets
(in millions) Parent WFFI Other Eliminations Consolidated
consolidating Company
subsidiaries
December 31, 2006
ASSETS
Cash and cash equivalents due from:
Subsidiary banks $ 14,131 $ 146 $ — $ (14,277) $ —
Nonaffiliates 78 324 20,704 — 21,106
Securities available for sale 920 1,725 39,990 (6) 42,629
Mortgages and loans held for sale —15 33,803 — 33,818
Loans — 47,136 272,339 (359) 319,116
Loans to subsidiaries:
Bank 3,400 — — (3,400) —
Nonbank 48,014 538 — (48,552) —
Allowance for loan losses — (1,193) (2,571) — (3,764)
Net loans 51,414 46,481 269,768 (52,311) 315,352
Investments in subsidiaries:
Bank 43,098 — — (43,098) —
Nonbank 4,616 — — (4,616) —
Other assets 5,778 1,745 62,981 (1,413) 69,091
Total assets $120,035 $50,436 $427,246 $(115,721) $481,996
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits $ — $ — $324,520 $ (14,277) $310,243
Short-term borrowings 19 7,708 18,793 (13,691) 12,829
Accrued expenses and other liabilities 3,762 1,323 22,683 (1,865) 25,903
Long-term debt 65,396 38,456 16,580 (33,287) 87,145
Indebtedness to subsidiaries 4,982 — — (4,982) —
Total liabilities 74,159 47,487 382,576 (68,102) 436,120
Stockholders’ equity 45,876 2,949 44,670 (47,619) 45,876
Total liabilities and stockholders’ equity $120,035 $50,436 $427,246 $(115,721) $481,996
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