Wells Fargo 2013 Annual Report Download - page 77

NET CHARGE-OFFS
Table 37: Net Charge-offs
Year ended Quarter ended
December 31, December 31, September 30, June 30, March 31,
($ in millions)
Net loan
charge-
offs
% of
avg.
loans
Net loan
charge-
offs
% of
avg.
loans (1)
Net loan
charge-
offs
% of
avg.
loans (1)
Net loan
charge-
offs
% of
avg.
loans (1)
Net loan
charge-
offs
% of
avg.
loans (1)
2013
Commercial:
Commercial and
industrial $ 335 0.18 % $ 107 0.22 % $ 58 0.12 % $ 77 0.17 % $ 93 0.20 %
Real estate mortgage (37) (0.03) (41) (0.15) (20) (0.08) (5) (0.02) 29 0.11
Real estate construction (109) (0.66) (13) (0.32) (17) (0.41) (45) (1.10) (34) (0.83)
Lease financing 17 0.15 - - - - 18 0.57 (1) (0.02)
Foreign - - - - (2) (0.02) (1) (0.01) 3 0.03
Total commercial 206 0.06 53 0.06 19 0.02 44 0.05 90 0.10
Consumer:
Real estate 1-4 family
first mortgage 1,194 0.47 195 0.30 242 0.38 328 0.52 429 0.69
Real estate 1-4 family
junior lien mortgage 1,309 1.86 226 1.34 275 1.58 359 2.02 449 2.46
Credit card 896 3.62 220 3.38 207 3.28 234 3.90 235 3.96
Automobile 304 0.63 108 0.85 78 0.63 42 0.35 76 0.66
Other revolving credit
and installment 600 1.43 161 1.50 154 1.46 145 1.38 140 1.37
Total consumer 4,303 0.98 910 0.82 956 0.86 1,108 1.01 1,329 1.23
Total $ 4,509 0.56 % $ 963 0.47 % $ 975 0.48 % $ 1,152 0.58 % $ 1,419 0.72 %
2012
Commercial:
Commercial and industrial $ 845 0.49 % $ 209 0.46 % $ 131 0.29 % $ 249 0.58 % $ 256 0.62 %
Real estate mortgage 219 0.21 38 0.14 54 0.21 81 0.31 46 0.17
Real estate construction 67 0.37 (18) (0.43) 1 0.03 17 0.40 67 1.43
Lease financing 5 0.04 2 0.04 1 0.03 - - 2 0.06
Foreign 79 0.20 24 0.25 30 0.29 11 0.11 14 0.14
Total commercial 1,215 0.35 255 0.29 217 0.24 358 0.42 385 0.45
Consumer:
Real estate 1-4 family
first mortgage 2,856 1.22 649 1.05 673 1.15 743 1.30 791 1.39
Real estate 1-4 family
junior lien mortgage 3,178 3.93 690 3.57 1,036 5.17 689 3.38 763 3.62
Credit card 916 4.02 222 3.71 212 3.67 240 4.37 242 4.40
Automobile 289 0.64 112 0.97 75 0.66 28 0.25 74 0.68
Other revolving credit
and installment 580 1.38 153 1.46 145 1.38 142 1.35 140 1.32
Total consumer (2) 7,819 1.84 1,826 1.68 2,141 2.01 1,842 1.76 2,010 1.91
Total $ 9,034 1.17 % $ 2,081 1.05 % $ 2,358 1.21 % $ 2,200 1.15 % $ 2,395 1.25 %
(1) Quarterly net charge-offs (recoveries) as a percentage of average respective loans are annualized.
(2) The year ended December 31, 2012, reflects the impact of the OCC guidance issued in third quarter 2012.
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