Wells Fargo 2008 Annual Report Download - page 162
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Condensed Consolidating Balance Sheets
(in millions) Parent WFFI Other Eliminations Consolidated
consolidating Company
subsidiaries
December 31, 2008
ASSETS
Cash and cash equivalents due from:
Subsidiary banks $ 15,658 $ 246 $ — $ (15,904) $ —
Nonaffiliates — 180 73,016 — 73,196
Securities available for sale 4,950 2,130 144,494 (5) 151,569
Mortgages and loans held for sale — — 26,316 — 26,316
Loans 9 45,930 827,242 (8,351) 864,830
Loans to subsidiaries:
Bank 21,745 — — (21,745) —
Nonbank 68,527 — — (68,527) —
Allowance for loan losses — (2,359) (18,654) — (21,013)
Net loans 90,281 43,571 808,588 (98,623) 843,817
Investments in subsidiaries:
Bank 105,721 — — (105,721) —
Nonbank 24,094 — — (24,094) —
Other assets 34,949 1,756 213,099 (35,063) 214,741
Total assets $275,653 $47,883 $1,265,513 $(279,410) $1,309,639
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits $ — $ — $ 791,728 $ (10,326) $ 781,402
Short-term borrowings 23,434 12,911 150,156 (78,427) 108,074
Accrued expenses and other liabilities 7,426 1,194 58,938 (13,637) 53,921
Long-term debt 134,026 31,704 137,118 (35,690) 267,158
Indebtedness to subsidiaries 11,683 — — (11,683) —
Total liabilities 176,569 45,809 1,137,940 (149,763) 1,210,555
Stockholders’ equity 99,084 2,074 127,573 (129,647) 99,084
Total liabilities and stockholders’ equity $275,653 $47,883 $1,265,513 $(279,410) $1,309,639
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