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Wachovia Bank, Income and Expense

2001-12-31 (YTD Data)		Rank
Total interest income	$1,207,564,000	63
Total interest expense	$424,592,000	78
Net interest income	$782,972,000	53
Provision for loan and lease losses	$123,116,000	57
Total noninterest income	$413,508,000	68
Gross Fiduciary activities income	$65,011,000	43
Service charges on deposit accounts	$150,792,000	29
Trading account gains and fees	$22,991,000	27
Additional Noninterest Income	$174,714,000	89
Total noninterest expense	$763,314,000	52
Salaries and employee benefits	$327,571,000	43
Premises and equipment expense	$88,228,000	49
Additional noninterest expense	$347,515,000	61
Pre-tax net operating income	$310,050,000	68
Securities gains (losses)	$-99,000	9,497
Applicable income taxes	$100,248,000	70
Income before extraordinary items	$209,703,000	67
Extraordinary gains, net	$0	105
Net income	$209,703,000	66
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$128,694,000	49
Cash dividends	$0	6,617
Sale, conversion, retirement of capital stock, net	$0	922
Net operating income	$209,770,320	65
2000-12-31 (YTD Data)		Rank
Total interest income	$5,031,298,000	15
Total interest expense	$2,576,676,000	17
Net interest income	$2,454,622,000	13
Provision for loan and lease losses	$577,447,000	12
Total noninterest income	$1,535,971,000	22
Gross Fiduciary activities income	$216,383,000	25
Service charges on deposit accounts	$416,644,000	8
Trading account gains and fees	$39,378,000	18
Additional Noninterest Income	$863,566,000	23
Total noninterest expense	$2,227,995,000	17
Salaries and employee benefits	$795,237,000	19
Premises and equipment expense	$232,235,000	22
Additional noninterest expense	$1,200,523,000	17
Pre-tax net operating income	$1,185,151,000	16
Securities gains (losses)	$228,000	390
Applicable income taxes	$403,284,000	19
Income before extraordinary items	$782,095,000	15
Extraordinary gains, net	$0	38
Net income	$782,095,000	15
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$349,838,000	17
Cash dividends	$462,600,000	23
Sale, conversion, retirement of capital stock, net	$826,000	482
Net operating income	$781,944,520	16
1999-12-31 (YTD Data)		Rank
Total interest income	$4,378,532,000	13
Total interest expense	$2,008,908,000	15
Net interest income	$2,369,624,000	11
Provision for loan and lease losses	$285,551,000	15
Total noninterest income	$1,373,004,000	25
Gross Fiduciary activities income	$215,467,000	24
Service charges on deposit accounts	$368,334,000	5
Trading account gains and fees	$44,713,000	16
Additional Noninterest Income	$744,490,000	32
Total noninterest expense	$2,039,157,000	19
Salaries and employee benefits	$730,096,000	19
Premises and equipment expense	$230,898,000	18
Additional noninterest expense	$1,078,163,000	21
Pre-tax net operating income	$1,417,920,000	14
Securities gains (losses)	$583,000	313
Applicable income taxes	$480,493,000	15
Income before extraordinary items	$938,010,000	14
Extraordinary gains, net	$0	35
Net income	$938,010,000	14
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$280,523,000	16
Cash dividends	$617,800,000	17
Sale, conversion, retirement of capital stock, net	$6,218,000	186
Net operating income	$937,625,220	14
1998-12-31 (YTD Data)		Rank
Total interest income	$4,502,856,000	15
Total interest expense	$2,202,262,000	12
Net interest income	$2,300,594,000	13
Provision for loan and lease losses	$286,379,000	19
Total noninterest income	$1,262,703,000	24
Gross Fiduciary activities income	$200,838,000	22
Service charges on deposit accounts	$333,741,000	6
Trading account gains and fees	$42,542,000	20
Additional Noninterest Income	$685,582,000	29
Total noninterest expense	$2,081,171,000	18
Salaries and employee benefits	$738,072,000	21
Premises and equipment expense	$219,020,000	19
Additional noninterest expense	$1,124,079,000	17
Pre-tax net operating income	$1,195,747,000	15
Securities gains (losses)	$8,697,000	78
Applicable income taxes	$396,386,000	15
Income before extraordinary items	$808,058,000	14
Extraordinary gains, net	$0	32
Net income	$808,058,000	14
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$286,194,000	22
Cash dividends	$562,000,000	13
Sale, conversion, retirement of capital stock, net	$12,413,000	76
Net operating income	$802,231,010	14
1997-12-31 (YTD Data)		Rank
Total interest income	$3,325,752,000	15
Total interest expense	$1,679,364,000	16
Net interest income	$1,646,388,000	14
Provision for loan and lease losses	$240,992,000	17
Total noninterest income	$889,728,000	25
Gross Fiduciary activities income	$155,977,000	21
Service charges on deposit accounts	$260,573,000	13
Trading account gains and fees	$25,604,000	22
Additional Noninterest Income	$447,574,000	30
Total noninterest expense	$1,446,937,000	24
Salaries and employee benefits	$459,946,000	24
Premises and equipment expense	$143,363,000	26
Additional noninterest expense	$843,628,000	21
Pre-tax net operating income	$848,187,000	18
Securities gains (losses)	$268,000	598
Applicable income taxes	$267,601,000	19
Income before extraordinary items	$580,854,000	18
Extraordinary gains, net	$0	44
Net income	$580,854,000	18
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$198,010,000	25
Cash dividends	$584,000,000	13
Sale, conversion, retirement of capital stock, net	$2,259,000	358
Net operating income	$580,671,760	18
1996-12-31 (YTD Data)		Rank
Total interest income	$1,725,540,000	30
Total interest expense	$1,052,955,000	23
Net interest income	$672,585,000	45
Provision for loan and lease losses	$21,809,000	127
Total noninterest income	$369,946,000	47
Gross Fiduciary activities income	$90,085,000	32
Service charges on deposit accounts	$105,244,000	22
Trading account gains and fees	$13,525,000	30
Additional Noninterest Income	$161,092,000	71
Total noninterest expense	$589,216,000	50
Salaries and employee benefits	$207,418,000	49
Premises and equipment expense	$65,689,000	54
Additional noninterest expense	$316,109,000	44
Pre-tax net operating income	$431,506,000	30
Securities gains (losses)	$2,005,000	152
Applicable income taxes	$125,316,000	40
Income before extraordinary items	$308,195,000	31
Extraordinary gains, net	$0	53
Net income	$308,195,000	30
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$12,282,000	175
Cash dividends	$196,100,000	42
Sale, conversion, retirement of capital stock, net	$771,000	415
Net operating income	$306,771,450	28
1995-12-31 (YTD Data)		Rank
Total interest income	$1,598,355,000	28
Total interest expense	$975,064,000	25
Net interest income	$623,291,000	43
Provision for loan and lease losses	$23,352,000	106
Total noninterest income	$339,510,000	48
Gross Fiduciary activities income	$84,015,000	30
Service charges on deposit accounts	$95,224,000	24
Trading account gains and fees	$17,299,000	33
Additional Noninterest Income	$142,972,000	69
Total noninterest expense	$555,074,000	46
Salaries and employee benefits	$182,580,000	53
Premises and equipment expense	$60,048,000	59
Additional noninterest expense	$312,446,000	43
Pre-tax net operating income	$384,375,000	31
Securities gains (losses)	$-20,299,000	11,967
Applicable income taxes	$95,630,000	46
Income before extraordinary items	$268,446,000	30
Extraordinary gains, net	$0	65
Net income	$268,446,000	30
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$6,279,000	263
Cash dividends	$114,300,000	57
Sale, conversion, retirement of capital stock, net	$332,000	424
Net operating income	$283,467,260	29
1994-12-31 (YTD Data)		Rank
Total interest income	$1,179,996,000	30
Total interest expense	$610,117,000	27
Net interest income	$569,879,000	44
Provision for loan and lease losses	$18,697,000	116
Total noninterest income	$303,108,000	45
Gross Fiduciary activities income	$82,394,000	27
Service charges on deposit accounts	$92,157,000	22
Trading account gains and fees	$-164,000	4,889
Additional Noninterest Income	$128,721,000	69
Total noninterest expense	$507,135,000	50
Salaries and employee benefits	$177,705,000	53
Premises and equipment expense	$55,285,000	61
Additional noninterest expense	$274,145,000	49
Pre-tax net operating income	$347,155,000	31
Securities gains (losses)	$2,411,000	73
Applicable income taxes	$90,450,000	47
Income before extraordinary items	$259,116,000	29
Extraordinary gains, net	$0	249
Net income	$259,116,000	29
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$5,935,000	265
Cash dividends	$205,480,000	23
Sale, conversion, retirement of capital stock, net	$316,000	620
Net operating income	$257,331,860	28
1993-12-31 (YTD Data)		Rank
Total interest income	$1,033,703,000	36
Total interest expense	$443,784,000	30
Net interest income	$589,919,000	36
Provision for loan and lease losses	$9,669,000	284
Total noninterest income	$288,369,000	42
Gross Fiduciary activities income	$76,280,000	27
Service charges on deposit accounts	$98,048,000	17
Trading account gains and fees	$16,945,000	29
Additional Noninterest Income	$97,096,000	85
Total noninterest expense	$512,437,000	49
Salaries and employee benefits	$191,687,000	49
Premises and equipment expense	$54,422,000	56
Additional noninterest expense	$266,328,000	47
Pre-tax net operating income	$356,182,000	28
Securities gains (losses)	$407,000	1,033
Applicable income taxes	$95,556,000	38
Income before extraordinary items	$261,033,000	26
Extraordinary gains, net	$0	3,149
Net income	$261,033,000	27
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$5,623,000	375
Cash dividends	$115,213,000	39
Sale, conversion, retirement of capital stock, net	$720,000	533
Net operating income	$260,735,890	24
1992-12-31 (YTD Data)		Rank
Total interest income	$1,029,462,000	39
Total interest expense	$465,263,000	33
Net interest income	$564,199,000	35
Provision for loan and lease losses	$17,605,000	230
Total noninterest income	$245,654,000	45
Gross Fiduciary activities income	$69,349,000	29
Service charges on deposit accounts	$91,605,000	16
Trading account gains and fees	$-3,702,000	5,320
Additional Noninterest Income	$88,402,000	84
Total noninterest expense	$484,186,000	47
Salaries and employee benefits	$175,330,000	49
Premises and equipment expense	$52,788,000	52
Additional noninterest expense	$256,068,000	42
Pre-tax net operating income	$308,062,000	21
Securities gains (losses)	$694,000	847
Applicable income taxes	$78,230,000	32
Income before extraordinary items	$230,526,000	20
Extraordinary gains, net	$0	1,422
Net income	$230,526,000	24
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$8,471,000	372
Cash dividends	$221,115,000	6
Sale, conversion, retirement of capital stock, net	$1,385,000	366
Net operating income	$230,005,500	18

* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.