Wells Fargo 2006 Annual Report Download - page 71

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69
Wells Fargo & Company and Subsidiaries
Consolidated Balance Sheet
(in millions, except shares) December 31,
2006 2005
ASSETS
Cash and due from banks $ 15,028 $ 15,397
Federal funds sold, securities purchased under
resale agreements and other short-term investments 6,078 5,306
Trading assets 5,607 10,905
Securities available for sale 42,629 41,834
Mortgages held for sale 33,097 40,534
Loans held for sale 721 612
Loans 319,116 310,837
Allowance for loan losses (3,764) (3,871)
Net loans 315,352 306,966
Mortgage servicing rights:
Measured at fair value (residential MSRs beginning 2006) 17,591 —
Amortized 377 12,511
Premises and equipment, net 4,698 4,417
Goodwill 11,275 10,787
Other assets 29,543 32,472
Total assets $481,996 $481,741
LIABILITIES
Noninterest-bearing deposits $ 89,119 $ 87,712
Interest-bearing deposits 221,124 226,738
Total deposits 310,243 314,450
Short-term borrowings 12,829 23,892
Accrued expenses and other liabilities 25,903 23,071
Long-term debt 87,145 79,668
Total liabilities 436,120 441,081
STOCKHOLDERS’ EQUITY
Preferred stock 384 325
Common stock – $12/3par value, authorized 6,000,000,000 shares;
issued 3,472,762,050 shares 5,788 5,788
Additional paid-in capital 7,739 7,040
Retained earnings 35,277 30,580
Cumulative other comprehensive income 302 665
Treasury stock – 95,612,189 shares and 117,595,986 shares (3,203) (3,390)
Unearned ESOP shares (411) (348)
Total stockholders’ equity 45,876 40,660
Total liabilities and stockholders’ equity $481,996 $481,741
The accompanying notes are an integral part of these statements.