Wells Fargo 2010 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2010 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 232

  • 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
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232

Risk Management – Credit Risk Management (continued)
NET CHARGE-OFFS
Table 32: Net Charge-offs
Year ended
Quarter ended
December 31,
Decembe
r 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)
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
%
2009
Commercial:
Commercial and industrial $
3,111
1.72
% $ 927
2.24
% $ 924
2.09
% $ 704
1.51
% $ 556
1.15
%
Real estate mortgage
637
0.66
315
1.29
184
0.77
119
0.49
19
0.08
Real estate construction
1,047
2.56
409
4.23
274
2.67
259
2.48
105
0.99
Lease financing
209
1.42
49
1.37
82
2.26
61
1.68
17
0.43
Foreign
197
0.64
46
0.62
60
0.79
46
0.61
45
0.56
Total commercial
5,201
1.43
1,746
2.02
1,524
1.70
1,189
1.29
742
0.78
Consumer:
Real estate 1-4 family
first mortgage
3,133
1.31
1,018
1.74
966
1.63
758
1.26
391
0.65
Real estate 1-4 family
junior lien mortgage
4,638
4.34
1,329
5.09
1,291
4.85
1,171
4.33
847
3.12
Credit card
2,528
10.82
634
10.61
648
10.96
664
11.59
582
10.13
Other revolving credit
and installment
2,668
2.94
686
3.06
682
3.00
604
2.66
696
3.05
Total consumer
12,967
2.82
3,667
3.24
3,587
3.13
3,197
2.77
2,516
2.16
Total $
18,168
2.21
% $ 5,413
2.71
% $ 5,111
2.50
% $ 4,386
2.11
% $ 3,258
1.54
%
(1)
Quarterly net charge-offs as a percentage of average loans are annualized.
70