Wells Fargo 2007 Annual Report Download - page 128

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125
Condensed Consolidating Balance Sheets
(in millions) Parent WFFI Other Eliminations Consolidated
consolidating Company
subsidiaries
December 31, 2007
ASSETS
Cash and cash equivalents due from:
Subsidiary banks $ 14,989 $ 253 $ — $ (15,242) $ —
Nonaffiliates — 230 17,281 — 17,511
Securities available for sale 2,481 2,091 68,384 (5) 72,951
Mortgages and loans held for sale — — 27,763 — 27,763
Loans 106 51,222 344,037 (13,170) 382,195
Loans to subsidiaries:
Bank 11,400 — — (11,400) —
Nonbank 53,272 — — (53,272) —
Allowance for loan losses — (1,041) (4,266) — (5,307)
Net loans 64,778 50,181 339,771 (77,842) 376,888
Investments in subsidiaries:
Bank 49,461 — — (49,461) —
Nonbank 5,463 — — (5,463) —
Other assets 8,010 1,720 74,955 (4,356) 80,329
Total assets $145,182 $54,475 $528,154 $(152,369) $575,442
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits $ — $ — $359,702 $ (15,242) $344,460
Short-term borrowings 4,692 9,117 69,990 (30,544) 53,255
Accrued expenses and other liabilities 5,432 1,393 27,307 (3,426) 30,706
Long-term debt 77,116 40,753 19,603 (38,079) 99,393
Indebtedness to subsidiaries 10,314 — — (10,314) —
Total liabilities 97,554 51,263 476,602 (97,605) 527,814
Stockholders’ equity 47,628 3,212 51,552 (54,764) 47,628
Total liabilities and stockholders’ equity $145,182 $54,475 $528,154 $(152,369) $575,442
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 5,811 1,745 62,981 (1,446) 69,091
Total assets $120,068 $50,436 $427,246 $(115,754) $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 3,857 1,323 22,683 (1,898) 25,965
Long-term debt 65,396 38,456 16,580 (33,287) 87,145
Indebtedness to subsidiaries 4,982 — — (4,982) —
Total liabilities 74,254 47,487 382,576 (68,135) 436,182
Stockholders’ equity 45,814 2,949 44,670 (47,619) 45,814
Total liabilities and stockholders’ equity $120,068 $50,436 $427,246 $(115,754) $481,996