Wells Fargo 2009 Annual Report Download - page 184

Download and view the complete annual report

Please find page 184 of the 2009 Wells Fargo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196


Condensed Consolidating Balance Sheets
Other
consolidating Consolidated
(in millions) Parent WFFI subsidiaries Eliminations Company
December 31, 2009
Assets
Cash and cash equivalents due from:
Subsidiary banks $ 27,303 205 — (27,508) —
Nonaffiliates 11 249 67,705 — 67,965
Securities available for sale 4,666 2,665 165,379 — 172,710
Mortgages and loans held for sale — — 44,827 — 44,827
Loans 7 35,199 750,045 (2,481) 782,770
Loans to subsidiaries:
Bank 6,760 — — (6,760) —
Nonbank 56,316 — — (56,316) —
Allowance for loan losses — (1,877) (22,639) — (24,516)
Net loans 63,083 33,322 727,406 (65,557) 758,254
Investments in subsidiaries:
Bank 134,063 — — (134,063) —
Nonbank 12,816 — — (12,816) —
Other assets 10,758 1,500 189,049 (1,417) 199,890
Total assets $252,700 37,941 1,194,366 (241,361) 1,243,646
Liabilities and equity
Deposits $ — — 851,526 (27,508) 824,018
Short-term borrowings 1,546 10,599 59,813 (32,992) 38,966
Accrued expenses and other liabilities 7,878 1,439 54,542 (1,417) 62,442
Long-term debt 119,353 24,437 80,499 (20,428) 203,861
Indebtedness to subsidiaries 12,137 — — (12,137) —
Total liabilities 140,914 36,475 1,046,380 (94,482) 1,129,287
Parent, WFFI, other and Wells Fargo stockholders’ equity 111,786 1,456 145,423 (146,879) 111,786
Noncontrolling interests — 10 2,563 — 2,573
Total equity 111,786 1,466 147,986 (146,879) 114,359
Total liabilities and equity $252,700 37,941 1,194,366 (241,361) 1,243,646
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 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 1,179 55,721 (13,637) 50,689
Long-term debt 134,026 31,704 137,118 (35,690) 267,158
Indebtedness to subsidiaries 11,683 — — (11,683) —
Total liabilities 176,569 45,794 1,134,723 (149,763) 1,207,323
Parent, WFFI, other and Wells Fargo stockholders’ equity 99,084 2,074 127,573 (129,647) 99,084
Noncontrolling interests — 15 3,217 — 3,232
Total equity 99,084 2,089 130,790 (129,647) 102,316
Total liabilities and equity $ 275,653 47,883 1,265,513 (279,410) 1,309,639
Note 24: Condensed Consolidating Financial Statements (continued)