WACHOVIA PREFERRED FUNDING CORP - FORM 10-Q - EX-99

Attached files

file	filename
EXCEL - IDEA: XBRL DOCUMENT - WACHOVIA PREFERRED FUNDING CORP	Financial_Report.xls
10-Q - FORM 10-Q - WACHOVIA PREFERRED FUNDING CORP	f59367ae10vq.htm
EX-32.B - EX-32(B) - WACHOVIA PREFERRED FUNDING CORP	f59367aexv32wb.htm
EX-31.B - EX-31(B) - WACHOVIA PREFERRED FUNDING CORP	f59367aexv31wb.htm
EX-32.A - EX-32(A) - WACHOVIA PREFERRED FUNDING CORP	f59367aexv32wa.htm
EX-12.A - EX-12(A) - WACHOVIA PREFERRED FUNDING CORP	f59367aexv12wa.htm
EX-31.A - EX-31(A) - WACHOVIA PREFERRED FUNDING CORP	f59367aexv31wa.htm
EX-12.B - EX-12(B) - WACHOVIA PREFERRED FUNDING CORP	f59367aexv12wb.htm

Exhibit (99)

Wells Fargo & Company

Supplementary Consolidating Financial Information
(Unaudited)

As of June 30, 2011 and For the Six Months Ended June 30, 2011

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

Wells Fargo & Company
Supplementary Consolidating Income Statement Information (Unaudited)


	Six months ended June 30, 2011
				Other
				subsidiaries
				and			Wells Fargo
(in millions)	The Bank			eliminations			Consolidated
Interest income
Trading assets	$	138			559			697
Securities available for sale		3,845			485			4,330
Mortgages held for sale		468			331			799
Loans held for sale		28			1			29
Loans		16,202			2,546			18,748
Other interest income		686			(433	)		253

Total interest income		21,367			3,489			24,856

Interest expense
Deposits		1,141			68			1,209
Short-term borrowings		38			8			46
Long-term debt		689			1,424			2,113
Other interest expense		126			33			159

Total interest expense		1,994			1,533			3,527

Net interest income		19,373			1,956			21,329
Provision for credit losses		3,486			562			4,048

Net interest income after provision for credit losses		15,887			1,394			17,281

Noninterest income
Service charges on deposit accounts		2,091			(5	)		2,086
Trust and investment fees		1,134			4,726			5,860
Card fees		1,908			52			1,960
Other fees		1,759			253			2,012
Mortgage banking		3,690			(55	)		3,635
Insurance		29			1,042			1,071
Net gains from trading activities		708			318			1,026
Net gains (losses) on debt securities available for sale		(203	)		(91	)		(294	)
Net gains from equity investments		162			915			1,077
Operating leases		178			2			180
Other		1,341			(568	)		773

Total noninterest income		12,797			6,589			19,386

Noninterest expense
Salaries		6,148			890			7,038
Commission and incentive compensation		1,943			2,575			4,518
Employee benefits		1,974			582			2,556
Equipment		1,096			64			1,160
Net occupancy		1,288			213			1,501
Core deposit and other intangibles		903			44			947
FDIC and other deposit assessments		588			32			620
Other		5,397			1,471			6,868

Total noninterest expense		19,337			5,871			25,208

Income before income tax expense		9,347			2,112			11,459
Income tax expense		3,208			365			3,573

Net income before noncontrolling interests		6,139			1,747			7,886
Less: Net income from noncontrolling interests		128			51			179

Net income	$	6,011			1,696			7,707

Net income applicable to common stock	$	6,011			1,287			7,298

Wells Fargo & Company
Supplementary Consolidating Balance Sheet Information (Unaudited)


	June 30, 2011
				Other
				subsidiaries
				and			Wells Fargo
(in millions)	The Bank			eliminations			Consolidated
Assets
Cash and due from banks	$	24,433			(374	)		24,059
Federal funds sold, securities purchased under
resale agreements and other short-term investments		85,861			2,545			88,406
Trading assets		33,481			21,289			54,770
Securities available for sale		154,068			32,230			186,298
Mortgages held for sale		20,177			11,077			31,254
Loans held for sale		1,511			1			1,512
Loans		689,075			62,846			751,921
Allowance for loan losses		(17,922	)		(2,971	)		(20,893	)

Net loans		671,153			59,875			731,028

Mortgage servicing rights:
Measured at fair value		15,017			(239	)		14,778
Amortized		1,423			(1	)		1,422
Premises and equipment, net		8,103			1,510			9,613
Goodwill		20,936			3,840			24,776
Other assets		68,670			23,148			91,818

Total assets	$	1,104,833			154,901			1,259,734

Liabilities
Noninterest-bearing deposits	$	183,577			18,566			202,143
Interest-bearing deposits		671,391			(19,899	)		651,492

Total deposits		854,968			(1,333	)		853,635
Short-term borrowings		28,943			24,938			53,881
Accrued expenses and other liabilities		53,673			17,757			71,430
Long-term debt		42,052			100,820			142,872

Total liabilities		979,636			142,182			1,121,818

Equity
Wells Fargo stockholders’ equity:
Preferred stock		-			11,730			11,730
Common stock		519			8,357			8,876
Additional paid-in capital		99,145			(43,919	)		55,226
Retained earnings		18,601			39,341			57,942
Cumulative other comprehensive income (loss)		5,614			(192	)		5,422
Treasury stock		-			(1,546	)		(1,546	)
Unearned ESOP shares		-			(1,249	)		(1,249	)

Total stockholders’ equity		123,879			12,522			136,401
Noncontrolling interests		1,318			197			1,515

Total equity		125,197			12,719			137,916

Total liabilities and equity	$	1,104,833			154,901			1,259,734

Wells Fargo & Company
Supplementary Consolidating Statement of Changes in Stockholders’ Equity Information (Unaudited)


	Six months ended June 30, 2011
	Other
				subsidiaries
				and			Wells Fargo
(in millions)	The Bank			eliminations			Consolidated
Preferred stock
Balance, December 31, 2010	$	-			8,689			8,689
Preferred stock issued to ESOP		-			1,200			1,200
Preferred stock converted to common shares		-			(660	)		(660	)
Preferred stock issued		-			2,501			2,501

Balance, June 30, 2011		-			11,730			11,730

Common stock
Balance, December 31, 2010		519			8,268			8,787
Issued/converted		-			89			89

Balance, June 30, 2011		519			8,357			8,876

Additional paid-in capital
Balance, December 31, 2010		98,971			(45,545	)		53,426
Business combinations		46			(46	)		-
Capital infusion		128			(128	)		-
Noncontrolling interests		-			(42	)		(42	)
Common stock issued		-			748			748
Preferred stock issued to ESOP		-			102			102
Preferred stock released to ESOP		-			(56	)		(56	)
Preferred stock converted to common shares		-			624			624
Common stock dividends		-			10			10
Tax benefit upon exercise of stock options		-			62			62
Stock option compensation expense		-			376			376
Net change in deferred compensation and related plans		-			(24	)		(24	)

Balance, June 30, 2011		99,145			(43,919	)		55,226

Retained earnings
Balance, December 31, 2010		17,489			34,429			51,918
Net income		6,011			1,696			7,707
Common stock dividends		(4,900	)		3,621			(1,279	)
Preferred stock dividends		-			(404	)		(404	)

Balance, June 30, 2011		18,601			39,341			57,942

Cumulative other comprehensive income
Balance, December 31, 2010		5,280			(542	)		4,738
Other comprehensive income		334			(316	)		18
Net unrealized gains on securities available for sale		-			748			748
Net unrealized gains on derivatives and hedging activities		-			(110	)		(110	)

Balance, June 30, 2011		5,614			(192	)		5,422

Treasury stock
Balance, December 31, 2010		-			(487	)		(487	)
Common stock repurchased		-			(1,072	)		(1,072	)
Net change in deferred compensation and related plans		-			13			13

Balance, June 30, 2011		-			(1,546	)		(1,546	)

Unearned ESOP shares
Balance, December 31, 2010		-			(663	)		(663	)
Preferred stock issued to ESOP		-			(1,302	)		(1,302	)
Preferred stock released to ESOP		-			716			716

Balance, June 30, 2011		-			(1,249	)		(1,249	)

Total Wells Fargo stockholders’ equity
Balance, December 31, 2010		122,259			4,149			126,408

Balance, June 30, 2011		123,879			12,522			136,401

Noncontrolling interests
Balance, December 31, 2010		1,303			178			1,481
Net income		128			51			179
Noncontrolling interests		(113	)		(28	)		(141	)

Balance, June 30, 2011		1,318			197			1,515

Total stockholders’ equity, June 30, 2011	$	125,197			12,719			137,916

WACHOVIA PREFERRED FUNDING CORP - FORM 10-Q - EX-99 - August 11, 2011

Attached files

WACHOVIA PREFERRED FUNDING CORP Reports