Wells Fargo 2011 Annual Report Download - page 68

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Risk Management — Credit Risk Management (continued)
NET CHARGE-OFFS
Table 35: Net Charge-offs
Year ended
Quarter ended
December 31,
December 31,
September 30,
June 30,
March 31,
Net loan
% of
Net loan
% of
Net loan
% of
Net loan
% of
Net loan
% of
charge-
avg.
charge-
avg.
charge-
avg.
charge-
avg.
charge-
avg.
($ in millions)
offs
loans
offs
loans (1)
offs
loans (1)
offs
loans (1)
offs
loans (1)
2011
Commercial:
Commercial and
industrial
$
1,179
0.75
%
$
310
0.74
%
$
261
0.65
%
$
254
0.66
%
$
354
0.96
%
Real estate mortgage
493
0.48
117
0.44
96
0.37
128
0.50
152
0.62
Real estate construction
205
0.95
(5)
(0.09)
55
1.06
72
1.32
83
1.38
Lease financing
14
0.11
4
0.13
3
0.11
1
0.01
6
0.18
Foreign
128
0.35
45
0.45
8
0.08
47
0.52
28
0.34
Total commercial
2,019
0.61
471
0.54
423
0.50
502
0.62
623
0.79
Consumer:
Real estate 1-4 family
first mortgage
3,478
1.53
844
1.46
821
1.46
909
1.62
904
1.60
Real estate 1-4 family
junior lien mortgage
3,545
3.91
800
3.64
842
3.75
909
3.97
994
4.25
Credit card
1,198
5.58
256
4.63
266
4.90
294
5.63
382
7.21
Other revolving credit
and installment
1,059
1.22
269
1.24
259
1.19
224
1.03
307
1.42
Total consumer
9,280
2.18
2,169
2.02
2,188
2.06
2,336
2.21
2,587
2.42
Total
$
11,299
1.49
%
$
2,640
1.36
%
$
2,611
1.37
%
$
2,838
1.52
%
$
3,210
1.73
%
2010
Commercial:
Commercial and industrial
$
2,348
1.57
%
$
500
1.34
%
$
509
1.38
%
$
689
1.87
%
$
650
1.68
%
Real estate mortgage
1,083
1.10
234
0.94
218
0.87
360
1.47
271
1.12
Real estate construction
1,079
3.45
171
2.51
276
3.72
238
2.90
394
4.45
Lease financing
100
0.74
21
0.61
23
0.71
27
0.78
29
0.85
Foreign
145
0.49
28
0.36
39
0.52
42
0.57
36
0.52
Total commercial
4,755
1.47
954
1.19
1,065
1.33
1,356
1.69
1,380
1.68
Consumer:
Real estate 1-4 family
first mortgage
4,378
1.86
1,024
1.77
1,034
1.78
1,009
1.70
1,311
2.17
Real estate 1-4 family
junior lien mortgage
4,723
4.65
1,005
4.08
1,085
4.30
1,184
4.62
1,449
5.56
Credit card
2,178
9.74
452
8.21
504
9.06
579
10.45
643
11.17
Other revolving credit
and installment
1,719
1.94
404
1.84
407
1.83
361
1.64
547
2.45
Total consumer
12,998
2.90
2,885
2.63
3,030
2.72
3,133
2.79
3,950
3.45
Total
$
17,753
2.30
%
$
3,839
2.02
%
$
4,095
2.14
%
$
4,489
2.33
%
$
5,330
2.71
%
(1)
Quarterly net charge-offs as a percentage of average loans are annualized.
66