Wells Fargo 2010 Annual Report Download - page 41
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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) 2010
revenue
2009
revenue
2008
revenue
Interest income
Trading assets $ 1,121
1
%
$
944
1
% $ 189
-
%
Securities available for sale 10,236
12
11,941
13
5,577
13
Mortgages held for sale (MHFS) 1,736
2
1,930
2
1,573
4
Loans held for sale (LHFS) 101
-
183
-
48
-
Loans 39,808
47
41,659
47
27,651
66
Other interest income 437
1
336
-
181
-
Total interest income 53,439
63
56,993
64
35,219
84
Interest expense
Deposits 2,832
3
3,774
4
4,521
11
Short-term borrowings 106
-
231
-
1,478
4
Long-term debt 4,888
6
5,786
7
3,789
9
Other interest expense 227
-
172
-
-
-
Total interest expense 8,053
9
9,963
11
9,788
23
Net interest income (on a taxable-equivalent basis) 45,386
53
47,030
53
25,431
61
Taxable-equivalent adjustment (629)
(1)
(706)
(1)
(288)
(1)
Net interest income 44,757
53
46,324
52
25,143
60
Noninterest income
Service charges on deposit accounts 4,916
6
5,741
6
3,190
8
Trust and investment fees (1) 10,934
13
9,735
11
2,924
7
Card fees 3,652
4
3,683
4
2,336
6
Other fees (1) 3,990
5
3,804
4
2,097
5
Mortgage banking (1) 9,737
11
12,028
14
2,525
6
Insurance 2,126
2
2,126
2
1,830
4
Net gains from trading activities 1,648
2
2,674
3
275
1
Net gains (losses) on debt securities available for sale (324)
-
(127)
-
1,037
2
Net gains (losses) from equity investments 779
1
185
-
(757)
(2)
Operating leases 815
1
685
1
427
1
Other 2,180
3
1,828
2
850
2
Total noninterest income 40,453
47
42,362
48
16,734
40
Noninterest expense
Salaries 13,869
16
13,757
16
8,260
20
Commission and incentive compensation 8,692
10
8,021
9
2,676
6
Employee benefits 4,651
5
4,689
5
2,004
5
Equipment 2,636
3
2,506
3
1,357
3
Net occupancy 3,030
4
3,127
4
1,619
4
Core deposit and other intangibles 2,199
3
2,577
3
186
-
FDIC and other deposit assessments 1,197
1
1,849
2
120
-
Other (2) 14,182
17
12,494
14
6,376
15
Total noninterest expense 50,456
59
49,020
55
22,598
54
Revenue $ 85,210
$
88,686
$ 41,877
(1)
See Table 7 – Noninterest Income in this Report for additional detail.
(2) See Table 8 – Noninterest Expense in this Report for additional detail.
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