Wells Fargo 2009 Annual Report Download - page 41

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Table 4: Average Earning Assets and Funding Sources as a Percentage of Average Earning Assets
Year ended December 31,
2009 2008
% of % of
Average earning Average earning
(in millions) balance assets balance assets
Earning assets
Federal funds sold, securities purchased under
resale agreements and other short-term investments $ 26,869 2% $ 5,293 1%
Trading assets 21,092 2 4,971 1
Debt securities available for sale:
Securities of U.S. Treasury and federal agencies 2,480 — 1,083 —
Securities of U.S. states and political subdivisions 12,702 1 6,918 1
Mortgage-backed securities:
Federal agencies 87,197 8 44,777 9
Residential and commercial 41,618 4 20,749 4
Total mortgage-backed securities 128,815 12 65,526 13
Other debt securities (1) 32,011 3 12,818 2
Total debt securities available for sale (1) 176,008 16 86,345 16
Mortgages held for sale (2) 37,416 3 25,656 5
Loans held for sale (2) 6,293 1 837 —
Loans:
Commercial and commercial real estate:
Commercial 180,924 16 98,620 19
Real estate mortgage 104,197 10 41,659 8
Real estate construction 32,961 3 19,453 4
Lease financing 14,751 1 7,141 1
Total commercial and commercial real estate 332,833 30 166,873 32
Consumer:
Real estate 1-4 family first mortgage 238,359 22 75,116 14
Real estate 1-4 family junior lien mortgage 106,957 10 75,375 14
Credit card 23,357 2 19,601 4
Other revolving credit and installment 90,666 8 54,368 10
Total consumer 459,339 42 224,460 43
Foreign 30,661 3 7,127 1
Total loans (2) 822,833 75 398,460 76
Other 6,113 1 1,920 —
Total earning assets $1,096,624 100% $523,482 100%
Funding sources
Deposits:
Interest-bearing checking $ 70,179 6% $ 5,650 1%
Market rate and other savings 351,892 32 166,691 32
Savings certificates 140,197 13 39,481 8
Other time deposits 20,459 2 6,656 1
Deposits in foreign offices 53,166 5 47,578 9
Total interest-bearing deposits 635,893 58 266,056 51
Short-term borrowings 51,972 5 65,826 13
Long-term debt 231,801 21 102,283 20
Other liabilities 4,904 — — —
Total interest-bearing liabilities 924,570 84 434,165 83
Portion of noninterest-bearing funding sources 172,054 16 89,317 17
Total funding sources $1,096,624 100% $523,482 100%
Noninterest-earning assets
Cash and due from banks $ 19,218 11,175
Goodwill 23,997 13,353
Other 122,515 56,386
Total noninterest-earning assets $ 165,730 80,914
Noninterest-bearing funding sources
Deposits $ 171,712 87,820
Other liabilities 48,193 28,658
Total equity 117,879 53,753
Noninterest-bearing funding sources
used to fund earning assets (172,054) (89,317)
Net noninterest-bearing funding sources $ 165,730 80,914
Total assets $1,262,354 604,396
(1) Includes certain preferred securities.
(2) Nonaccrual loans are included in their respective loan categories.