Wells Fargo 2009 Annual Report Download - page 57

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Table 20 summarizes CRE loans by state and product type
with the related nonaccrual totals. At December 31, 2009, the
highest concentration of non-PCI CRE loans by state was
$27.8 billion in California, about double the next largest state
concentration, and the related nonaccrual loans totaled about
$2.0 billion, or 7.2%. Office buildings, at $28.7 billion of non-PCI
loans, were the largest property type concentration, nearly
double the next largest, and the related nonaccrual loans
totaled $1.1 billion, or 3.7%. Of CRE mortgage loans (excluding
construction loans), 43% related to owner-occupied properties
at December 31, 2009. In aggregate, nonaccrual loans totaled
5.6% of the non-PCI outstanding balance at December 31, 2009.
Table 20: CRE Loans by State and Property Type
December 31, 2009
Real estate mortgage Real estate construction Total % of
Nonaccrual Outstanding Nonaccrual Outstanding Nonaccrual Outstanding total
(in millions) loans balance (1) loans balance(1) loans balance(1) loans
By state:
PCI loans:
Florida $ — 1,022 — 722 — 1,744 *%
California — 1,116 — 150 — 1,266 *
North Carolina — 283 — 485 — 768 *
Georgia — 385 — 364 — 749 *
Virginia — 396 — 303 — 699 *
Other — 2,429 — 1,689 — 4,118(2) 1
Total PCI loans $ — 5,631 — 3,713 — 9,344 1%
All other loans:
California $1,141 23,214 865 4,549 2,006 27,763 4%
Florida 626 10,999 311 2,127 937 13,126 2
Texas 231 6,643 250 2,509 481 9,152 1
North Carolina 205 5,468 135 1,594 340 7,062 1
Georgia 225 4,364 109 952 334 5,316 1
Virginia 65 3,499 105 1,555 170 5,054 1
New York 54 3,860 48 1,187 102 5,047 1
Arizona 187 3,958 171 1,045 358 5,003 1
New Jersey 66 3,028 23 644 89 3,672 *
Colorado 78 2,248 110 879 188 3,127 *
Other 1,106 31,886 898 8,953 2,004 40,839(3) 5
Total all other loans $3,984 99,167 3,025 25,994 7,009 125,161 16%
Total $3,984 104,798 3,025 29,707 7,009 134,505 17%
By property:
PCI loans:
Apartments $ — 1,141 — 969 — 2,110 *%
Office buildings — 1,650 — 192 — 1,842 *
1-4 family land — 531 — 815 — 1,346 *
1-4 family structure — 154 — 635 — 789 *
Land (excluding 1-4 family) — 553 — 206 — 759 *
Other — 1,602 — 896 — 2,498 *
Total PCI loans $ — 5,631 — 3,713 — 9,344 1%
All other loans:
Office buildings $ 904 25,542 171 3,151 1,075 28,693 4%
Industrial/warehouse 527 13,925 17 999 544 14,924 2
Real estate – other 564 13,791 88 877 652 14,668 2
Apartments 259 7,670 262 4,570 521 12,240 2
Retail (excluding shopping center) 620 10,788 85 996 705 11,784 2
Land (excluding 1-4 family) 148 2,941 639 6,264 787 9,205 1
Shopping center 172 6,070 242 2,240 414 8,310 1
Hotel/motel 208 5,214 123 1,162 331 6,376 1
1-4 family land 164 718 677 2,670 841 3,388 *
1-4 family structure 90 1,191 659 2,073 749 3,264 *
Other 328 11,317 62 992 390 12,309 2
Total all other loans $3,984 99,167 3,025 25,994 7,009 125,161(4) 16%
Total $3,984 104,798 3,025 29,707 7,009 134,505 17%
* Less than 1%.
(1) For PCI loans amounts represent carrying value.
(2) Includes 38 states; no state had loans in excess of $605 million at December 31, 2009.
(3) Includes 40 states; no state had loans in excess of $3.0 billion at December 31, 2009.
(4) Includes $46.6 billion of loans to owner-occupants where 51% or more of the property is used in the conduct of their business.