Wells Fargo 2011 Annual Report Download - page 33

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Table 3: Net Interest Income, Noninterest Income and Noninterest Expense as a Percentage of Revenue
Year ended December 31,
% of
% of
% of
(in millions)
2011
revenue
2010
revenue
2009
revenue
Interest income
Trading assets
$
1,463
2
%
$
1,121
1
%
$
944
1
%
Securities available for sale
9,107
11
10,236
12
11,941
13
Mortgages held for sale (MHFS)
1,644
2
1,736
2
1,930
2
Loans held for sale (LHFS)
58
-
101
-
183
-
Loans
37,302
46
39,808
47
41,659
48
Other interest income
548
1
437
1
336
-
Total interest income
50,122
62
53,439
63
56,993
64
Interest expense
Deposits
2,275
3
2,832
3
3,774
4
Short-term borrowings
94
-
106
-
231
-
Long-term debt
3,978
5
4,888
6
5,786
7
Other interest expense
316
-
227
-
172
-
Total interest expense
6,663
8
8,053
9
9,963
11
Net interest income (on a taxable-equivalent basis)
43,459
54
45,386
54
47,030
53
Taxable-equivalent adjustment
(696)
(1)
(629)
(1)
(706)
(1)
Net interest income (A)
42,763
53
44,757
53
46,324
52
Noninterest income
Service charges on deposit accounts
4,280
5
4,916
6
5,741
6
Trust and investment fees (1)
11,304
14
10,934
12
9,735
11
Card fees
3,653
5
3,652
4
3,683
4
Other fees (1)
4,193
5
3,990
5
3,804
4
Mortgage banking (1)
7,832
10
9,737
11
12,028
15
Insurance
1,960
2
2,126
2
2,126
2
Net gains from trading activities
1,014
1
1,648
2
2,674
3
Net gains (losses) on debt securities available for sale
54
-
(324)
-
(127)
-
Net gains from equity investments
1,482
2
779
1
185
-
Operating leases
524
1
815
1
685
1
Other
1,889
2
2,180
3
1,828
2
Total noninterest income (B)
38,185
47
40,453
47
42,362
48
Noninterest expense
Salaries
14,462
18
13,869
16
13,757
15
Commission and incentive compensation
8,857
11
8,692
10
8,021
9
Employee benefits
4,348
5
4,651
5
4,689
5
Equipment
2,283
3
2,636
3
2,506
3
Net occupancy
3,011
4
3,030
4
3,127
4
Core deposit and other intangibles
1,880
2
2,199
3
2,577
3
FDIC and other deposit assessments
1,266
2
1,197
1
1,849
2
Other (2)
13,286
16
14,182
17
12,494
14
Total noninterest expense
49,393
61
50,456
59
49,020
55
Revenue (A) + (B)
$
80,948
$
85,210
$
88,686
(1)
See Table 7 – Noninterest Income in this Report for additional detail.
(2)
See Table 8 – Noninterest Expense in this Report for additional detail.
31