Deciphering Financial Statements (Wells Fargo & Company) Wells Fargo & Company is the fourth largest bank in the United States (based on consolidated asset dat gathered by the Federal Reserve as of March 31, 2012). Its consolidated statement of income follows Wells Fargo & Company and Subsidiaries 12 Months Ended Consolidated Statement of Income (USD $) In Millions, except per share amounts Dec. 31, 2011 Dec. 31, 2010 Dec. 31, 2009 Interest income Trading assets. Securities available for sale . . . . . . . . S1,440 8,475 1,644 $ 1,098 9,666 1,736 11,319 1,930 183 41,589 335 56,274 Mortgages held for sale . Loans held for sale . .. .. Loans.. 37,247 49,412 2,275 3,978 39,760 435 52,796 Total interest income.... Interest expense Deposits.... Short-term borrowings 2.832 3,774 4,888 227 8,039 44,757 15,753 5,782 Other interest expense.. Total interest expense.. Net interest income Provision for credit losses . . .. Net interest income after provision for 6,649 42,763 7,899 9,950 46,324 21,668 . . credit losses. Noninterest income 4,864 29,004 24,656 1,280 1,304 3,653 4,193 7,832 1,960 1,014 4,916 10,934 3,652 3,990 9,737 5,741 9,735 3,683 3,804 12,028 2,126 stment fees... Card fees.... Other fees... . Mortgage banking Insurance . Net gains from trading activities............. 1,648 (Continueo Deciphering Financial Statements (Wells Fargo & Company) Wells Fargo & Company is the fourth largest bank in the United States (based on consolidated asset dat gathered by the Federal Reserve as of March 31, 2012). Its consolidated statement of income follows Wells Fargo & Company and Subsidiaries 12 Months Ended Consolidated Statement of Income (USD $) In Millions, except per share amounts Dec. 31, 2011 Dec. 31, 2010 Dec. 31, 2009 Interest income Trading assets. Securities available for sale . . . . . . . . S1,440 8,475 1,644 $ 1,098 9,666 1,736 11,319 1,930 183 41,589 335 56,274 Mortgages held for sale . Loans held for sale . .. .. Loans.. 37,247 49,412 2,275 3,978 39,760 435 52,796 Total interest income.... Interest expense Deposits.... Short-term borrowings 2.832 3,774 4,888 227 8,039 44,757 15,753 5,782 Other interest expense.. Total interest expense.. Net interest income Provision for credit losses . . .. Net interest income after provision for 6,649 42,763 7,899 9,950 46,324 21,668 . . credit losses. Noninterest income 4,864 29,004 24,656 1,280 1,304 3,653 4,193 7,832 1,960 1,014 4,916 10,934 3,652 3,990 9,737 5,741 9,735 3,683 3,804 12,028 2,126 stment fees... Card fees.... Other fees... . Mortgage banking Insurance . Net gains from trading activities............. 1,648 (Continueo
