Wells Fargo 2010 Annual Report Download - page 225

Average Balances, Yields and Rates Paid (Taxable-Equivalent Basis) - Quarterly (1) (2) - (Unaudited)
Quarter ended December 31,
2010 2009
Interest Interest
Average Yields/ income/ Average
Yields/
income/
(in millions) balance rates expense balance rates expense
Earning assets
Federal funds sold, securities purchased under
resale agreements and other short-term investments $ 72,029 0.40 % $ 74 46,031 0.33 % $ 39
Trading assets 33,871 3.56 302 23,179 4.05 235
Debt securities available for sale (3):
Securities of U.S. Treasury and federal agencies 1,670 2.80 12 2,381 3.54 21
Securities of U.S. states and political subdivisions 18,398 5.58 255 13,574 6.48 217
Mortgage-backed securities:
Federal agencies 80,459 4.48 859 85,063 5.43 1,099
Residential and commercial 33,365 10.95 850 43,243 9.20 1,000
Total mortgage-backed securities 113,824 6.35 1,709 128,306 6.74 2,099
Other debt securities (4) 37,793 6.15 545 33,710 7.60 600
Total debt securities available for sale (4) 171,685 6.18 2,521 177,971 6.84 2,937
Mortgages held for sale (5) 45,063 4.39 495 34,750 5.13 446
Loans held for sale (5) 1,140 5.15 15 5,104 2.48 32
Loans:
Commercial:
Commercial and industrial 147,866 4.71 1,755 164,050 4.65 1,918
Real estate mortgage 99,188 3.85 961 97,296 3.49 855
Real estate construction 26,882 3.68 250 38,364 2.98 289
Lease financing 13,033 9.00 293 14,107 10.20 360
Foreign 30,986 3.57 279 30,086 3.74 283
Total commercial 317,955 4.42 3,538 343,903 4.28 3,705
Consumer:
Real estate 1-4 family first mortgage 228,802 5.06 2,901 232,273 5.26 3,066
Real estate 1-4 family junior lien mortgage 97,673 4.37 1,075 103,584 4.58 1,195
Credit card 21,888 13.44 736 23,717 12.18 723
Other revolving credit and installment 87,357 6.48 1,427 88,963 6.46 1,450
Total consumer 435,720 5.61 6,139 448,537 5.71 6,434
Total loans (5) 753,675 5.11 9,677 792,440 5.09 10,139
Other 5,338 3.93 51 6,147 3.13 49
Total earning assets $ 1,082,801 4.87 % $ 13,135 1,085,622 5.12 % $ 13,877
Funding sources
Deposits:
Interest-bearing checking $ 60,879 0.09 % $ 15 61,229 0.15 % $ 23
Market rate and other savings 431,171 0.25 266 389,905 0.31 303
Savings certificates 79,146 1.43 285 109,306 1.66 458
Other time deposits 13,438 2.00 67 16,501 2.28 94
Deposits in foreign offices 55,463 0.21 29 59,870 0.23 35
Total interest-bearing deposits 640,097 0.41 662 636,811 0.57 913
Short-term borrowings 50,609 0.24 31 32,757 0.18 14
Long-term debt 160,801 2.86 1,153 210,707 2.31 1,218
Other liabilities 8,258 3.13 65 5,587 3.49 50
Total interest-bearing liabilities 859,765 0.89 1,911 885,862 0.99 2,195
Portion of noninterest-bearing funding sources 223,036 - - 199,760 - -
Total funding sources $ 1,082,801 0.71 1,911 1,085,622 0.81 2,195
Net interest margin and net interest income on
a taxable-equivalent basis (6) 4.16 % $ 11,224 4.31 % $ 11,682
Noninterest-earning assets
Cash and due from banks $ 18,016 19,216
Goodwill 24,832 24,093
Other 111,388 110,525
Total noninterest-earning assets $ 154,236 153,834
Noninterest-bearing funding sources
Deposits $ 197,943 179,204
Other liabilities 52,930 45,058
Total equity 126,399 129,332
Noninterest-bearing funding sources used to
fund earning assets (223,036) (199,760)
Net noninterest-bearing funding sources $ 154,236 153,834
Total assets $ 1,237,037
1,239,456
(1) Our average prime rate was 3.25% for the quarters ended December 31, 2010 and 2009. The average three-month London Interbank Offered Rate (LIBOR) was 0.29%
and 0.27% for the same quarters, respectively.
(2) Interest rates and amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
(3) Yields and rates are based on interest income/expense amounts for the period, annualized based on the accrual basis for the respective accounts. The average balance
amounts include the effects of any unrealized gain or loss marks but those marks carried in other comprehensive income are not included in yield determination of affected
earning assets. Thus yields are based on amortized cost balances computed on a settlement date basis.
(4) Includes certain preferred securities.
(5) Nonaccrual loans and related income are included in their respective loan categories.
(6) Includes taxable-equivalent adjustments of $161 million and $182 million for the quarters ended December 31, 2010 and 2009, respectively primarily related to tax-
exempt income on certain loans and securities. The federal statutory tax rate was 35% for the periods presented.
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