Wells Fargo 2010 Annual Report Download - page 107

Wells Fargo & Company and Subsidiaries
Consolidated Balance Sheet
December 31,
(in millions, except shares) 2010 2009
Assets
Cash and due from banks $ 16,044 27,080
Federal funds sold, securities purchased under resale agreements and other short-term investments 80,637 40,885
Trading assets 51,414 43,039
Securities available for sale 172,654 172,710
Mortgages held for sale (includes $47,531 and $36,962 carried at fair value) 51,763 39,094
Loans held for sale (includes $873 and $149 carried at fair value) 1,290 5,733
Loans (includes $309 carried at fair value at December 31, 2010) 757,267 782,770
Allowance for loan losses (23,022) (24,516)
Net loans 734,245 758,254
Mortgage servicing rights:
Measured at fair value 14,467 16,004
Amortized 1,419 1,119
Premises and equipment, net 9,644 10,736
Goodwill 24,770 24,812
Other assets 99,781 104,180
Total assets (1) $ 1,258,128 1,243,646
Liabilities
Noninterest-bearing deposits $ 191,256 181,356
Interest-bearing deposits 656,686 642,662
Total deposits 847,942 824,018
Short-term borrowings 55,401 38,966
Accrued expenses and other liabilities 69,913 62,442
Long-term debt (includes $306 carried at fair value at December 31, 2010) 156,983 203,861
Total liabilities (2) 1,130,239 1,129,287
Equity
Wells Fargo stockholders' equity:
Preferred stock 8,689 8,485
Common stock – $1-2/3 par value, authorized 9,000,000,000 shares;
issued 5,272,414,622 shares and 5,245,971,422 shares 8,787 8,743
Additional paid-in capital 53,426 52,878
Retained earnings 51,918 41,563
Cumulative other comprehensive income 4,738 3,009
Treasury stock – 10,131,394 shares and 67,346,829 shares (487) (2,450)
Unearned ESOP shares (663) (442)
Total Wells Fargo stockholders' equity 126,408 111,786
Noncontrolling interests 1,481 2,573
Total equity 127,889 114,359
Total liabilities and equity $ 1,258,128 1,243,646
(1) Our consolidated assets at December 31, 2010, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those
VIEs: Cash and due from banks, $200 million; Trading assets, $143 million; Securities available for sale, $2.2 billion; Net loans, $16.7 billion; Other assets, $2.0 billion, and
Total assets, $21.2 billion.
(2) Our consolidated liabilities at December 31, 2010, include the following VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo: Short-term
borrowings, $7 million; Accrued expenses and other liabilities, $71 million; Long-term debt, $8.3 billion; and Total liabilities, $8.4 billion.
The accompanying notes are an integral part of these statements.
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