10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WELLS FARGO & COMPANY/MN | ||
Ticker: WFC Fiscal Year: 2014 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and due from banks | $ 19,571 | 19,919 |
| Federal funds sold, securities purchased under resale agreements and other short-term investments | 258,429 | 213,793 |
| Trading assets | 78,255 | 62,813 |
| Investment securities: | ||
| Available-for-sale, at fair value | 257,442 | 252,007 |
| Held-to-maturity, at cost (fair value $56,359 and $12,247) | 55,483 | 12,346 |
| Mortgages held for sale (includes $15,565 and $13,879 carried at fair value) | 19,536 | 16,763 [1] |
| Loans held for sale (includes $1 and $1 carried at fair value) | 722 | 133 |
| Loans (includes $5,788 and $5,995 carried at fair value) | 862,551 | 822,286 |
| Allowance for loan losses | (12,319) | (14,502) |
| Net loans | 850,232 | 807,784 |
| Mortgage servicing rights: | ||
| Measured at fair value | 12,738 | 15,580 |
| Amortized | 1,242 | 1,229 |
| Premises and equipment, net | 8,743 | 9,156 |
| Goodwill | 25,705 | 25,637 |
| Other assets (includes $2,512 and $1,386 carried at fair value) | 99,057 | 86,342 |
| Total assets | 1,687,155 [2] | 1,523,502 |
| Liabilities | ||
| Noninterest-bearing deposits | 321,963 | 288,117 |
| Interest-bearing deposits | 846,347 | 791,060 |
| Total deposits | 1,168,310 | 1,079,177 |
| Short-term borrowings | 63,518 | 53,883 |
| Accrued expenses and other liabilities | 86,122 | 66,436 |
| Long-term debt | 183,943 | 152,998 |
| Total liabilities | 1,501,893 [3] | 1,352,494 |
| Equity | ||
| Wells Fargo stockholders' equity: | ||
| Preferred stock | 19,213 | 16,267 |
| Common stock $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares and 5,481,811,474 shares | 9,136 | 9,136 |
| Additional paid-in capital | 60,537 | 60,296 |
| Retained earnings | 107,040 | 92,361 |
| Cumulative other comprehensive income | 3,518 | 1,386 |
| Treasury stock 311,462,276 shares and 224,648,769 shares | (13,690) | (8,104) |
| Unearned ESOP shares | (1,360) | (1,200) |
| Total Wells Fargo stockholders' equity | 184,394 | 170,142 |
| Noncontrolling interests | 868 | 866 |
| Total equity | 185,262 | 171,008 |
| Total liabilities and equity | 1,687,155 | 1,523,502 |
| [1] Parenthetical amounts represent assets and liabilities for which we have elected the fair value option. | ||
| [2] Financial information for certain periods prior to 2014 was revised to reflect our determination that certain factoring arrangements did not qualify as loans. See Note 1 (Summary of Significant Accounting Policies) for more information. | Our consolidated assets at December 31, 2014 and December 31, 2013, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash and due from banks, $117 million and $165 million; Trading asse | ||
| [3] Our consolidated liabilities at December 31, 2014 and December 31, 2013, include the following VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo: Short-term borrowings, $0 million and $29 million; Accrued expenses and other liabilities, $49 million and $90 million; Long-term debt, $1.6 billion and $2.3 billion; and Total liabilities, $1.7 billion and $2.4 billion, respectively. | ||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2014 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |