HOW HEALTHY IS THIS BANK?
Wachovia Mortgage, FSB
This bank is owned by Wells Fargo & Company, which has received money through the TARP program.
- Troubled asset ratio, June 2009 103.0
- National median, June 2009 13.0
- Troubled asset ratio, March 2009 97.5
- National median, March 2009 11.7
- Troubled asset ratio, Dec. 2008 74.2
- National median, Dec. 2008 9.9
- Troubled asset ratio, June 2008 42.2
- National median, June 2008 7.0
- Troubled asset ratio, March 2008 35.9
- National median, March 2008 6.0
- Troubled asset ratio, Dec. 2007 24.6
- National median, Dec. 2007 5.0
Financial details for Wachovia Mortgage, FSB
Line item
Assets
Deposits
Loans
Loan loss provision
Profit
Capital
Reserves
Loans 90 days or more past due
Non-accruing loans
Other real estate owned
Capital plus reserves
Total troubled assets
June 30, 2008
$76,795,109,000
$18,009,404,000
$61,774,762,000
$2,108,617,000
$-798,878,000
$4,598,836,000
$2,478,303,000
$394,000
$2,865,110,000
$120,386,000
$7,077,139,000
$2,985,890,000
June 30, 2009
$60,264,754,000
$6,938,031,000
$51,257,154,000
$369,187,000
$480,114,000
$4,287,888,000
$1,107,874,000
$4,799,779,000
$648,196,000
$109,723,000
$5,395,762,000
$5,557,698,000
Note: The Federal Deposit Insurance Corp. insures deposit accounts up to $250,000. The "troubled asset ratio" is not an FDIC statistic. It is derived by adding the amounts of loans past due 90 days or more, loans in non-accrual status and other real estate owned (primarily properties obtained through foreclosure) and dividing that amount by the bank's capital and loan loss reserves. It is reported as a percentage. For example, a bank with $100,000 in "troubled assets" and $1,000,000 in capital would have a "troubled asset ratio" of 10 percent. For a fuller explanation, see our methodology.
