WACHOVIA PREFERRED FUNDING CORP - FORM 10-Q - EX-99 - WELLS FARGO & COMPANY SUPPLEMENTARY CONSOLIDATING FINANCIAL INFORMATION

Attached files

file	filename
10-Q - FORM 10-Q - WACHOVIA PREFERRED FUNDING CORP	d10q.htm
EX-12.(B) - COMPUTATION OF CONS. RATIOS OF EARNINGS TO FIXED CHARGES AND PREF STCK DIVIDENDS - WACHOVIA PREFERRED FUNDING CORP	dex12b.htm
EX-31.(B) - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - WACHOVIA PREFERRED FUNDING CORP	dex31b.htm
EX-31.(A) - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - WACHOVIA PREFERRED FUNDING CORP	dex31a.htm
EX-32.(B) - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 906 - WACHOVIA PREFERRED FUNDING CORP	dex32b.htm
EX-32.(A) - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 906 - WACHOVIA PREFERRED FUNDING CORP	dex32a.htm
EX-12.(A) - COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES - WACHOVIA PREFERRED FUNDING CORP	dex12a.htm

Exhibit (99)

Wells Fargo & Company

Supplementary Consolidating Financial Information

(Unaudited)

As of March 31, 2010 and

For the Three Months Ended March 31, 2010

The “Bank” as noted herein refers to Wells Fargo Bank, National Association

WELLS FARGO & COMPANY

Supplementary Consolidating Income Statement Information

(Unaudited)


	Three months ended March 31, 2010
(in millions)	The Bank			Other subsidiaries and eliminations		Wells Fargo Consolidated
Interest income
Trading assets	$	87		180		267
Securities available for sale		2,196		219		2,415
Mortgages held for sale		227		160		387
Loans held for sale		34		-		34
Loans		8,711		1,327		10,038
Other interest income		103		(19	)	84
Total interest income		11,358		1,867		13,225
Interest expense
Deposits		745		(10	)	735
Short-term borrowings		17		1		18
Long-term debt		501		775		1,276
Other interest expense		6		43		49
Total interest expense		1,269		809		2,078
Net interest income		10,089		1,058		11,147
Provision for credit losses		4,800		530		5,330
Net interest income after provision for credit losses		5,289		528		5,817
Noninterest income
Service charges on deposit accounts		1,330		2		1,332
Trust and investment fees		582		2,087		2,669
Card fees		836		29		865
Other fees		844		97		941
Mortgage banking		2,415		55		2,470
Insurance		20		601		621
Net gains from trading activities		98		439		537
Net gains (losses) on debt securities available for sale		(26	)	54		28
Net gains from equity investments		24		19		43
Operating leases		184		1		185
Other		882		(272	)	610
Total noninterest income		7,189		3,112		10,301
Noninterest expense
Salaries		2,878		436		3,314
Commission and incentive compensation		794		1,198		1,992
Employee benefits		1,213		109		1,322
Equipment		639		39		678
Net occupancy		652		144		796
Core deposit and other intangibles		523		26		549
FDIC and other deposit assessments		282		19		301
Other		2,284		881		3,165
Total noninterest expense		9,265		2,852		12,117
Income before income tax expense		3,213		788		4,001
Income tax expense		1,110		291		1,401
Net income before noncontrolling interests		2,103		497		2,600
Less: Net income from noncontrolling interests		56		(3	)	53
Net income	$	2,047		500		2,547
Net income applicable to common stock	$	2,047		325		2,372

WELLS FARGO & COMPANY

Supplementary Consolidating Balance Sheet Information

(Unaudited)


	March 31, 2010
(in millions)	The Bank			Other subsidiaries and eliminations		Wells Fargo Consolidated
Assets
Cash and due from banks	$	16,410		(109	)	16,301
Federal funds sold, securities purchased under resale agreements and other short-term investments		49,164		5,028		54,192
Trading assets		29,567		17,461		47,028
Securities available for sale		140,265		22,222		162,487
Mortgages held for sale		20,852		13,885		34,737
Loans held for sale		5,138		2		5,140
Loans		706,137		75,293		781,430
Allowance for loan losses		(21,371	)	(3,752	)	(25,123	)

Net loans		684,766		71,541		756,307

Mortgage servicing rights:
Measured at fair value (residential MSRs)		15,849		(305	)	15,544
Amortized		1,070		(1	)	1,069
Premises and equipment, net		8,244		2,161		10,405
Goodwill		21,238		3,581		24,819
Other assets		73,327		22,274		95,601

Total assets	$	1,065,890		157,740		1,223,630

Liabilities
Noninterest-bearing deposits	$	152,006		18,512		170,518
Interest-bearing deposits		651,565		(17,190	)	634,375

Total deposits		803,571		1,322		804,893
Short-term borrowings		32,083		14,250		46,333
Accrued expenses and other liabilities		40,227		14,144		54,371
Long-term debt		63,286		136,593		199,879

Total liabilities		939,167		166,309		1,105,476

Equity
Wells Fargo stockholders’ equity:
Preferred stock		-		9,276		9,276
Common stock		520		8,223		8,743
Additional paid-in capital		98,967		(45,811	)	53,156
Retained earnings		21,137		22,499		43,636
Cumulative other comprehensive income (loss)		4,440		(353	)	4,087
Treasury stock		-		(1,460	)	(1,460	)
Unearned ESOP shares		-		(1,296	)	(1,296	)

Total stockholders’ equity		125,064		(8,922	)	116,142
Noncontrolling interests		1,659		353		2,012

Total equity		126,723		(8,569	)	118,154

Total liabilities and equity	$	1,065,890		157,740		1,223,630

WELLS FARGO & COMPANY

Supplementary Consolidating Statement of Changes in Stockholders’ Equity Information

(Unaudited)


	Three months ended March 31, 2010
(in millions)	The Bank		Other subsidiaries and eliminations		Wells Fargo Consolidated
Preferred stock
Balance, December 31, 2009	$	-	8,485		8,485
Preferred stock issued to ESOP		-	1,000		1,000
Preferred stock converted to common shares		-	(209	)	(209	)
Balance, March 31, 2010		-	9,276		9,276
Common stock
Balance, December 31, 2009		520	8,223		8,743
Balance, March 31, 2010		520	8,223		8,743
Additional paid-in capital
Balance, December 31, 2009		38,209	14,669		52,878
Business combinations		60,727	(60,727	)	-
Capital infusion		31	(31	)	-
Noncontrolling interests		-	16		16
Common stock issued		-	(13	)	(13	)
Preferred stock issued to ESOP		-	80		80
Preferred stock released to ESOP		-	(17	)	(17	)
Preferred stock converted to common shares		-	(4	)	(4	)
Tax benefit upon exercise of stock options		-	51		51
Stock option compensation expense		-	33		33
Net change in deferred compensation and related plans		-	132		132
Balance, March 31, 2010		98,967	(45,811	)	53,156
Retained earnings
Balance, December 31, 2009		17,234	24,329		41,563
Cumulative effect from change in accounting for VIEs		170	13		183
Net income		2,047	500		2,547
Business combinations		1,686	(1,686	)	-
Common stock issued		-	(213	)	(213	)
Common stock dividends		-	(260	)	(260	)
Preferred stock dividends		-	(184	)	(184	)
Balance, March 31, 2010		21,137	22,499		43,636
Cumulative other comprehensive income
Balance, December 31, 2009		452	2,557		3,009
Translation adjustments		-	5		5
Unrealized losses related to factors other than credit		-	(39	)	(39	)
All other net unrealized gains, net of reclassification of net gains included in net income		3,988	(2,965	)	1,023
Net unrealized losses on derivatives and hedging activities		-	73		73
Unamortized gains under defined benefit plans, net of amortization		-	16		16
Balance, March 31, 2010		4,440	(353	)	4,087
Treasury stock
Balance, December 31, 2009		-	(2,450	)	(2,450	)
Common stock issued		-	690		690
Common stock repurchased		-	(38	)	(38	)
Preferred stock converted to common shares		-	213		213
Net change in deferred compensation and related plans		-	125		125
Balance, March 31, 2010		-	(1,460	)	(1,460	)
Unearned ESOP shares
Balance, December 31, 2009		-	(442	)	(442	)
Preferred stock issued to ESOP		-	(1,080	)	(1,080	)
Preferred stock released to ESOP		-	226		226
Balance, March 31, 2010		-	(1,296	)	(1,296	)
Total Wells Fargo stockholders’ equity
Balance, December 31, 2009		56,415	55,371		111,786
Balance, March 31, 2010		125,064	(8,922	)	116,142
Noncontrolling interests
Balance, December 31, 2009		178	2,395		2,573
Business combinations		1,425	(1,425	)	-
Net income		56	(3	)	53
All other net unrealized gains, net of reclassification of net gains included in net income		-	1		1
Noncontrolling interests		-	(615	)	(615	)
Balance, March 31, 2010		1,659	353		2,012
Total stockholders’ equity, March 31, 2010	$	126,723	(8,569	)	118,154

WACHOVIA PREFERRED FUNDING CORP - FORM 10-Q - EX-99 - WELLS FARGO & COMPANY SUPPLEMENTARY CONSOLIDATING FINANCIAL INFORMATION - May 12, 2010

Attached files

WACHOVIA PREFERRED FUNDING CORP Reports