EX-99.(A) 8 d621930dex99a.htm EX-99.(A) EX-99.(A)

Exhibit (99)(a)

Wells Fargo & Company

Supplementary Consolidating Financial Information

(Unaudited)

As of September 30, 2013 and For the Nine Months Ended September 30, 2013

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


Wells Fargo & Company

Supplementary Consolidating Income Statement Information (Unaudited)

 

 

 
     Nine months ended September 30, 2013  
(in millions)    The Bank    

Other

subsidiaries

and

eliminations

    Wells Fargo
Consolidated
 
Interest income       

Trading assets

   $               203       795       998  

Securities available for sale

     5,320       677       5,997  

Mortgages held for sale

     641       428       1,069  

Loans held for sale

     10       -       10  

Loans

     24,295       2,369       26,664  

Other interest income

     500       15       515  

Total interest income

     30,969       4,284       35,253  

Interest expense

      

Deposits

     1,086       (46     1,040  

Short-term borrowings

     102       (56     46  

Long-term debt

     702       1,248       1,950  

Other interest expense

     25       195       220  

Total interest expense

     1,915       1,341       3,256  

Net interest income

     29,054       2,943       31,997  

Provision for credit losses

     1,859       87       1,946  

Net interest income after provision for credit losses

     27,195       2,856       30,051  

Noninterest income

      

Service charges on deposit accounts

     3,740       -       3,740  

Trust and investment fees

     1,899       8,073       9,972  

Card fees

     2,270       94       2,364  

Other fees

     2,869       352       3,221  

Mortgage banking

     7,225       (21     7,204  

Insurance

     17       1,344       1,361  

Net gains (losses) from trading activities

     1,794       (496     1,298  

Net gains (losses) on debt securities available for sale

     (36     21       (15

Net gains (losses) from equity investments

     (86     904       818  

Lease income

     364       151       515  

Other

     2,327       (1,687     640  

Total noninterest income

     22,383       8,735       31,118  

Noninterest expense

      

Salaries

     9,975       1,366       11,341  

Commission and incentive compensation

     3,508       4,096       7,604  

Employee benefits

     2,730       1,143       3,873  

Equipment

     1,331       86       1,417  

Net occupancy

     1,859       304       2,163  

Core deposit and other intangibles

     1,071       58       1,129  

FDIC and other deposit assessments

     728       37       765  

Other

     7,442       1,023       8,465  

Total noninterest expense

     28,644       8,113       36,757  

Income before income tax expense

     20,934       3,478       24,412  

Income tax expense

     6,646       1,255       7,901  

Net income before noncontrolling interests

     14,288       2,223       16,511  

Less: Net income from noncontrolling interests

     193       50       243  

Net income

   $ 14,095       2,173       16,268  

Net income applicable to common stock

   $ 14,095       1,425       15,520  


Wells Fargo & Company

Supplementary Consolidating Statement of Comprehensive Income (Unaudited)

 

 
     Nine months ended September 30, 2013  

(in millions)

     The Bank       

 

 

 

Other

subsidiaries

and

eliminations

  

  

  

  

    
 
Wells Fargo
Consolidated
  
  

 

 

Net income

   $                     14,095         2,173         16,268   

 

 

Other comprehensive income (loss), net of tax:

        

Securities available for sale

     (3,792)         78         (3,714)   

Derivatives and hedging activities

     (184)         33         (151)   

Defined benefit plans adjustments

            808         808   

Foreign currency translation adjustments

     (21)         (17)         (38)   

 

 

Other comprehensive income (loss), net of tax, before noncontrolling interests

     (3,997)         902         (3,095)   

Less: Other comprehensive income from noncontrolling interests

            266         266   

 

 

Other comprehensive income (loss), net of tax

     (3,997)         636         (3,361)   

 

 

Comprehensive income

     10,098         2,809         12,907   

Comprehensive income (loss) from noncontrolling interests

     193         316         509   

 

 

Total comprehensive income

   $ 10,291         3,125         13,416   

 

 


Wells Fargo & Company

Supplementary Consolidating Balance Sheet Information (Unaudited)

 

 
     September 30, 2013  
(in millions)    The Bank     

Other

subsidiaries
and

eliminations

     Wells Fargo
Consolidated
 

 

 

Assets

        

Cash and due from banks

   $                 18,719         209         18,928   

Federal funds sold, securities purchased under resale agreements and other short-term investments

     173,521         8,515         182,036   

Trading assets

     31,965         28,238         60,203   

Securities available for sale

     223,056         36,343         259,399   

Mortgages held for sale

     15,186         10,209         25,395   

Loans held for sale

     204                204   

Loans

     769,074         43,251         812,325   

Allowance for loan losses

     (12,970)         (2,189)         (15,159)   

 

 

Net loans

     756,104         41,062         797,166   

 

 

Mortgage servicing rights:

        

Measured at fair value

     14,679         (178)         14,501   

Amortized

     1,205         (1)         1,204   

Premises and equipment, net

     8,487         633         9,120   

Goodwill

     21,549         4,088         25,637   

Other assets

     63,321         30,941         94,262   

 

 

Total assets

   $ 1,327,996         160,059         1,488,055   

 

 

Liabilities

        

Noninterest-bearing deposits

   $ 255,760         24,151         279,911   

Interest-bearing deposits

     787,753         (25,793)         761,960   

 

 

Total deposits

     1,043,513         (1,642)         1,041,871   

Short-term borrowings

     28,748         25,103         53,851   

Accrued expenses and other liabilities

     45,261         27,047         72,308   

Long-term debt

     71,481         79,731         151,212   

 

 

Total liabilities

     1,189,003         130,239         1,319,242   

 

 

Equity

        

Stockholders’ equity:

        

Preferred stock

            15,549         15,549   

Common stock

     519         8,617         9,136   

Additional paid-in capital

     102,971         (42,783)         60,188   

Retained earnings

     31,335         57,290         88,625   

Cumulative other comprehensive income (loss)

     3,147         (858)         2,289   

Treasury stock

            (7,290)         (7,290)   

Unearned ESOP shares

            (1,332)         (1,332)   

 

 

 

Total stockholders’ equity

     137,972         29,193         167,165   

Noncontrolling interests

     1,021         627         1,648   

 

 

Total equity

     138,993         29,820         168,813   

 

 

Total liabilities and equity

   $ 1,327,996         160,059         1,488,055   

 

 


Wells Fargo & Company

Supplementary Consolidating Statement of Changes in Stockholders’ Equity Information (Unaudited)

 

 

 
     Nine months ended September 30, 2013  
(in millions)    The Bank     

Other
subsidiaries

and
eliminations

     Wells Fargo
Consolidated
 

 

 

 

Preferred stock

        

Balance, December 31, 2012

   $        12,883         12,883   

Preferred stock issued to ESOP

            1,200         1,200   

Preferred stock converted to common shares

            (884)         (884)   

Preferred stock issued

            2,350         2,350   

 

 

 

Balance, September 30, 2013

            15,549         15,549   

 

 

 

Common stock

        

Balance, December 31, 2012

     519         8,617         9,136   

 

 

Balance, September 30, 2013

     519         8,617         9,136   

 

 

 

Additional paid-in capital

        

Balance, December 31, 2012

     101,833         (42,031)         59,802   

Business combinations

     258         (258)          

Capital infusion

     880         (880)          

Common stock issued

            18         18   

Common stock repurchased

            (200)         (200)   

Preferred stock issued to ESOP

            108         108   

Preferred stock released by ESOP

            (78)         (78)   

Preferred stock converted to common shares

            164         164   

Preferred stock issued

            (33)         (33)   

Common stock dividends

            61         61   

Tax benefit from stock incentive compensation

            229         229   

Stock incentive compensation expense

            585         585   

Net change in deferred compensation and related plans

            (468)         (468)   

 

 

Balance, September 30, 2013

     102,971         (42,783)         60,188   

 

 

 

Retained earnings

        

Balance, December 31, 2012

     24,167         53,512         77,679   

Net income

     14,095         2,173         16,268   

Business combinations

     73         (73)          

Common stock issued

            (10)         (10)   

Common stock dividends

     (7,000)         2,435         (4,565)   

Preferred stock dividends

            (747)         (747)   

 

 

Balance, September 30, 2013

     31,335         57,290         88,625   

 

 

 

Cumulative other comprehensive income

        

Balance, December 31, 2012

     7,144         (1,494)         5,650   

Other comprehensive income (loss), net of tax

     (3,997)         636         (3,361)   

 

 

Balance, September 30, 2013

     3,147         (858)         2,289   

 

 

 

Treasury stock

        

Balance, December 31, 2012

            (6,610)         (6,610)   

Common stock issued

            2,372         2,372   

Common stock repurchased

            (3,778)         (3,778)   

Preferred stock converted to common shares

            720         720   

Net change in deferred compensation and related plans

                    

 

 

Balance, September 30, 2013

            (7,290)         (7,290)   

 

 

 

Unearned ESOP shares

        

Balance, December 31, 2012

            (986)         (986)   

Preferred stock issued to ESOP

            (1,308)         (1,308)   

Preferred stock released by ESOP

            962         962   

 

 

Balance, September 30, 2013

            (1,332)         (1,332)   

 

 

 

Total stockholders’ equity

        

Balance, December 31, 2012

     133,663         23,891         157,554   

 

 

Balance, September 30, 2013

     137,972         29,193         167,165   

 

 

 

Noncontrolling interests

        

Balance, December 31, 2012

     1,070         287         1,357   

Net income

     193         50         243   

Other comprehensive income, net of tax

            266         266   

Noncontrolling interests

     (242)         24         (218)   

 

 

 

Balance, September 30, 2013

     1,021         627         1,648   

 

 

 

Total equity, September 30, 2013

   $                 138,993         29,820         168,813