Wells Fargo 2013 Annual Report Download - page 40

Earnings Performance (continued)
Table 5: Average Balances, Yields and Rates Paid (Taxable-Equivalent Basis) (1)(2)
2013 2012
(in millions)
Average
balance
Yields/
rates
Interest
income/
expense
Average
balance
Yields/
rates
Interest
income/
expense
Earning assets
Federal funds sold, securities purchased under
resale agreements and other short-term investments $ 154,902 0.32 % $ 489 84,081 0.45 % $ 378
Trading assets (3) 44,745 3.14 1,406 41,950 3.29 1,380
Investment securities (4):
Available-for-sale securities:
Securities of U.S. Treasury and federal agencies 6,750 1.66 112 3,604 1.31 47
Securities of U.S. states and political subdivisions 39,922 4.38 1,748 34,875 4.48 1,561
Mortgage-backed securities:
Federal agencies 107,148 2.83 3,031 92,887 3.12 2,893
Residential and commercial 30,717 6.47 1,988 33,545 6.75 2,264
Total mortgage-backed securities 137,865 3.64 5,019 126,432 4.08 5,157
Other debt and equity securities 55,002 3.53 1,940 49,245 4.04 1,992
Total available-for-sale securities 239,53 3.68 8,81 214,156 4.09 8,757
Held-to-maturity securities (5)
9
717 3.06
9
22 - - -
Mortgages held for sale (6) 35,273 3.66 1,290 48,955 3.73 1,825
Loans held for sale (6) 163 7.95 13 661 6.22 41
Loans:
Commercial:
Commercial and industrial 188,092 3.62 6,807 173,913 4.01 6,981
Real estate mortgage 105,475 3.93 4,147 105,437 4.18 4,411
Real estate construction 16,445 4.77 784 17,963 4.98 894
Lease financing 12,048 6.13 738 12,771 7.22 921
Foreign 43,447 2.18 946 39,852 2.47 984
Total commercial 365,507 3.67 13,422 349,936 4.06 14,191
Consumer:
Real estate 1-4 family first mortgage 254,000 4.22 10,716 234,619 4.55 10,671
Real estate 1-4 family junior lien mortgage 70,227 4.29 3,013 80,840 4.28 3,457
Credit card 24,747 12.46 3,083 22,772 12.67 2,885
Automobile 48,476 6.94 3,365 44,986 7.54 3,390
Other revolving credit and installment 42,035 4.80 2,019 42,071 4.57 1,923
Total consumer 439,485 5.05 22,196 425,288 5.25 22,326
Total loans (6) 804,992 4.42 35,618 775,224 4.71 36,517
Other 4,354 5.39 235 4,438 4.70 209
Total earning assets $ 1,284,685 3.73 % $ 47,892 1,169,465 4.20 % $ 49,107
Funding sources
Deposits:
Interest-bearing checking $ 35,570 0.06 % $ 22 30,564 0.06 % $ 19
Market rate and other savings 550,394 0.08 450 505,310 0.12 592
Savings certificates 49,510 1.13 559 59,484 1.31 782
Other time deposits 28,090 0.69 194 13,363 1.68 225
Deposits in foreign offices 76,894 0.15 112 67,920 0.16 109
Total interest-bearing deposits 740,458 0.18 1,33 676,641 0.26 1,727
Short-term borrowings 54,716 0.13
7
71 51,196 0.18 94
Long-term debt 134,937 1.92 2,585 127,547 2.44 3,110
Other liabilities 12,471 2.46 307 10,032 2.44 245
Total interest-bearing liabilities 942,582 0.46 4,300 865,416 0.60 5,176
Portion of noninterest-bearing funding sources 342,103 - - 304,049 - -
Total funding sources $ 1,284,685 0.34 4,300 1,169,465 0.44 5,176
Net interest margin and net interest income
on a taxable-equivalent basis (7) 3.39 % $ 43,592 3.76 % $ 43,931
Noninterest-earning assets
Cash and due from banks $ 16,272 16,303
Goodwill 25,637 25,417
Other 121,711 130,450
Total noninterest-earning assets $ 163,620 172,170
Noninterest-bearing funding sources
Deposits $ 280,229 263,863
Other liabilities 60,500 61,214
Total equity 164,994 151,142
Noninterest-bearing funding sources used to
fund earning assets (342,103) (304,049)
Net noninterest-bearing funding sources $ 163,620 172,170
Total assets $ 1,448,305 1,341,635
(1) Our average prime rate was 3.25% for 2013, 2012, 2011, 2010, and 2009, respectively. The average three-month London Interbank Offered Rate (LIBOR) was 0.27%,
0.43%, 0.34%, 0.34%, and 0.69% for the same years, respectively.
(2) Yield/rates and amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
(3) Interest income/expense for trading assets represents interest and dividend income earned on trading securities.
(4) The average balance amounts represent amortized cost for the periods presented.
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