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Wachovia Card Services, Income and Expense

2010-03-31 (YTD Data)Rank
Total interest income$81,150,000138
Total interest expense$336,0004,922
Net interest income$80,814,000101
Provision for loan and lease losses$77,646,00064
Total noninterest income$20,829,000138
Gross Fiduciary activities income$01,246
Service charges on deposit accounts$07,028
Trading account gains and fees$0175
Additional Noninterest Income$20,829,000110
Total noninterest expense$14,387,000369
Salaries and employee benefits$418,0004,866
Premises and equipment expense$556,0001,217
Additional noninterest expense$13,413,000184
Pre-tax net operating income$9,610,000172
Securities gains (losses)$02,284
Applicable income taxes$3,699,000154
Income before extraordinary items$5,911,000192
Extraordinary gains, net$016
Net income$5,911,000194
Minority interest net income$091
Net income of bank and minority interests.$5,911,000194
Net charge-offs$70,479,00061
Cash dividends$02,646
Sale, conversion, retirement of capital stock, net$01,017
Net operating income$5,911,000193
2009-12-31 (YTD Data)Rank
Total interest income$316,871,000139
Total interest expense$2,592,0003,797
Net interest income$314,279,000102
Provision for loan and lease losses$558,599,00051
Total noninterest income$304,499,00071
Gross Fiduciary activities income$01,390
Service charges on deposit accounts$07,114
Trading account gains and fees$0211
Additional Noninterest Income$304,499,00054
Total noninterest expense$72,083,000313
Salaries and employee benefits$2,592,0003,590
Premises and equipment expense$2,393,0001,146
Additional noninterest expense$67,098,000180
Pre-tax net operating income$-11,904,0007,555
Securities gains (losses)$03,754
Applicable income taxes$-4,108,0007,707
Income before extraordinary items$-7,796,0007,475
Extraordinary gains, net$034
Net income$-7,796,0007,473
Minority interest net income$0115
Net income of bank and minority interests.$-7,796,0007,474
Net charge-offs$235,475,00067
Cash dividends$04,670
Sale, conversion, retirement of capital stock, net$01,342
Net operating income$-7,796,0007,484
2009-09-30 (YTD Data)Rank
Total interest income$232,982,000146
Total interest expense$2,018,0003,826
Net interest income$230,964,000107
Provision for loan and lease losses$444,832,00049
Total noninterest income$226,400,00072
Gross Fiduciary activities income$01,353
Service charges on deposit accounts$07,173
Trading account gains and fees$0212
Additional Noninterest Income$226,400,00057
Total noninterest expense$53,629,000322
Salaries and employee benefits$2,242,0003,214
Premises and equipment expense$1,798,0001,153
Additional noninterest expense$49,589,000183
Pre-tax net operating income$-41,097,0007,960
Securities gains (losses)$03,497
Applicable income taxes$-15,199,0008,006
Income before extraordinary items$-25,898,0007,925
Extraordinary gains, net$027
Net income$-25,898,0007,925
Minority interest net income$0118
Net income of bank and minority interests.$-25,898,0007,925
Net charge-offs$171,240,00070
Cash dividends$04,191
Sale, conversion, retirement of capital stock, net$01,238
Net operating income$-25,898,0007,925
2009-06-30 (YTD Data)Rank
Total interest income$149,925,000154
Total interest expense$1,279,0004,082
Net interest income$148,646,000112
Provision for loan and lease losses$302,451,00050
Total noninterest income$151,089,00069
Gross Fiduciary activities income$01,340
Service charges on deposit accounts$07,241
Trading account gains and fees$0193
Additional Noninterest Income$151,089,00054
Total noninterest expense$36,109,000319
Salaries and employee benefits$1,785,0002,791
Premises and equipment expense$1,455,000968
Additional noninterest expense$32,869,000187
Pre-tax net operating income$-38,825,0008,081
Securities gains (losses)$03,136
Applicable income taxes$-14,483,0008,115
Income before extraordinary items$-24,342,0008,054
Extraordinary gains, net$021
Net income$-24,342,0008,054
Minority interest net income$0112
Net income of bank and minority interests.$-24,342,0008,054
Net charge-offs$108,225,00074
Cash dividends$03,983
Sale, conversion, retirement of capital stock, net$01,195
Net operating income$-24,342,0008,047
2009-03-31 (YTD Data)Rank
Total interest income$72,388,000161
Total interest expense$643,0004,183
Net interest income$71,745,000112
Provision for loan and lease losses$186,997,00045
Total noninterest income$67,420,00076
Gross Fiduciary activities income$01,285
Service charges on deposit accounts$07,262
Trading account gains and fees$0171
Additional Noninterest Income$67,420,00055
Total noninterest expense$17,755,000308
Salaries and employee benefits$1,435,0001,808
Premises and equipment expense$606,0001,186
Additional noninterest expense$15,714,000176
Pre-tax net operating income$-65,587,0008,209
Securities gains (losses)$02,434
Applicable income taxes$-24,460,0008,210
Income before extraordinary items$-41,127,0008,189
Extraordinary gains, net$015
Net income$-41,127,0008,189
Minority interest net income$0102
Net income of bank and minority interests.$-41,127,0008,189
Net charge-offs$48,960,00073
Cash dividends$03,051
Sale, conversion, retirement of capital stock, net$01,068
Net operating income$-41,127,0008,190
2008-12-31 (YTD Data)Rank
Total interest income$08,298
Total interest expense$08,290
Net interest income$08,294
Provision for loan and lease losses$07,334
Total noninterest income$08,110
Gross Fiduciary activities income$01,441
Service charges on deposit accounts$07,335
Trading account gains and fees$0154
Additional Noninterest Income$07,939
Total noninterest expense$08,298
Salaries and employee benefits$08,276
Premises and equipment expense$08,269
Additional noninterest expense$08,296
Pre-tax net operating income$06,309
Securities gains (losses)$03,220
Applicable income taxes$04,979
Income before extraordinary items$06,229
Extraordinary gains, net$039
Net income$06,229
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$07,039
Cash dividends$05,455
Sale, conversion, retirement of capital stock, net$01,389
Net operating income$06,365
2008-09-30 (YTD Data)Rank
Total interest income$175,693,000206
Total interest expense$22,381,000561
Net interest income$153,312,000151
Provision for loan and lease losses$06,991
Total noninterest income$49,582,000160
Gross Fiduciary activities income$01,405
Service charges on deposit accounts$07,386
Trading account gains and fees$0148
Additional Noninterest Income$49,582,000129
Total noninterest expense$57,613,000291
Salaries and employee benefits$2,455,0003,043
Premises and equipment expense$12,0008,313
Additional noninterest expense$55,146,000157
Pre-tax net operating income$145,281,00064
Securities gains (losses)$03,106
Applicable income taxes$54,213,00058
Income before extraordinary items$91,068,00068
Extraordinary gains, net$031
Net income$91,068,00067
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$06,534
Cash dividends$04,937
Sale, conversion, retirement of capital stock, net$01,238
Net operating income$91,068,00071
2008-06-30 (YTD Data)Rank
Total interest income$111,921,000214
Total interest expense$15,408,000557
Net interest income$96,513,000155
Provision for loan and lease losses$06,671
Total noninterest income$39,269,000150
Gross Fiduciary activities income$01,395
Service charges on deposit accounts$07,428
Trading account gains and fees$0149
Additional Noninterest Income$39,269,000120
Total noninterest expense$30,342,000351
Salaries and employee benefits$1,746,0002,886
Premises and equipment expense$10,0008,367
Additional noninterest expense$28,586,000176
Pre-tax net operating income$105,440,00068
Securities gains (losses)$03,233
Applicable income taxes$39,554,00063
Income before extraordinary items$65,886,00073
Extraordinary gains, net$021
Net income$65,886,00072
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$05,998
Cash dividends$04,733
Sale, conversion, retirement of capital stock, net$01,136
Net operating income$65,886,00070
2008-03-31 (YTD Data)Rank
Total interest income$55,824,000217
Total interest expense$6,257,000734
Net interest income$49,567,000152
Provision for loan and lease losses$06,080
Total noninterest income$12,211,000202
Gross Fiduciary activities income$01,326
Service charges on deposit accounts$07,431
Trading account gains and fees$0158
Additional Noninterest Income$12,211,000161
Total noninterest expense$14,904,000354
Salaries and employee benefits$864,0002,947
Premises and equipment expense$4,0008,417
Additional noninterest expense$14,036,000171
Pre-tax net operating income$46,874,00079
Securities gains (losses)$02,688
Applicable income taxes$17,492,00075
Income before extraordinary items$29,382,00085
Extraordinary gains, net$015
Net income$29,382,00086
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$05,009
Cash dividends$03,705
Sale, conversion, retirement of capital stock, net$01,000
Net operating income$29,382,00084
2007-12-31 (YTD Data)Rank
Total interest income$137,412,000341
Total interest expense$25,268,000776
Net interest income$112,144,000232
Provision for loan and lease losses$11,399,000227
Total noninterest income$29,514,000283
Gross Fiduciary activities income$01,498
Service charges on deposit accounts$07,508
Trading account gains and fees$0178
Additional Noninterest Income$29,514,000196
Total noninterest expense$123,163,000191
Salaries and employee benefits$8,230,0001,210
Premises and equipment expense$30,0008,401
Additional noninterest expense$114,903,000102
Pre-tax net operating income$7,096,0001,190
Securities gains (losses)$02,146
Applicable income taxes$2,418,000958
Income before extraordinary items$4,678,0001,380
Extraordinary gains, net$039
Net income$4,678,0001,381
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$62,220,00061
Cash dividends$05,817
Sale, conversion, retirement of capital stock, net$1,064,556,0002
Net operating income$4,678,0001,364
2007-09-30 (YTD Data)Rank
Total interest income$81,640,000414
Total interest expense$629,0007,467
Net interest income$81,011,000232
Provision for loan and lease losses$11,191,000145
Total noninterest income$25,018,000257
Gross Fiduciary activities income$01,458
Service charges on deposit accounts$07,525
Trading account gains and fees$0184
Additional Noninterest Income$25,018,000183
Total noninterest expense$100,338,000173
Salaries and employee benefits$8,153,000907
Premises and equipment expense$24,0008,387
Additional noninterest expense$92,161,00094
Pre-tax net operating income$-5,500,0008,526
Securities gains (losses)$01,655
Applicable income taxes$-2,146,0008,525
Income before extraordinary items$-3,354,0008,512
Extraordinary gains, net$033
Net income$-3,354,0008,509
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$62,012,00048
Cash dividends$05,179
Sale, conversion, retirement of capital stock, net$1,064,556,0001
Net operating income$-3,354,0008,504
2007-06-30 (YTD Data)Rank
Total interest income$45,106,000500
Total interest expense$320,0007,839
Net interest income$44,786,000292
Provision for loan and lease losses$44,817,00053
Total noninterest income$16,798,000275
Gross Fiduciary activities income$01,429
Service charges on deposit accounts$07,560
Trading account gains and fees$0168
Additional Noninterest Income$16,798,000204
Total noninterest expense$79,489,000161
Salaries and employee benefits$8,083,000612
Premises and equipment expense$21,0008,351
Additional noninterest expense$71,385,00093
Pre-tax net operating income$-62,722,0008,621
Securities gains (losses)$01,444
Applicable income taxes$-23,630,0008,612
Income before extraordinary items$-39,092,0008,610
Extraordinary gains, net$029
Net income$-39,092,0008,609
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$7,315,000107
Cash dividends$04,977
Sale, conversion, retirement of capital stock, net$1,064,556,0001
Net operating income$-39,092,0008,608
2007-03-31 (YTD Data)Rank
Total interest income$17,953,000588
Total interest expense$7,0008,578
Net interest income$17,946,000351
Provision for loan and lease losses$26,068,00043
Total noninterest income$7,954,000280
Gross Fiduciary activities income$01,355
Service charges on deposit accounts$07,573
Trading account gains and fees$0195
Additional Noninterest Income$7,954,000205
Total noninterest expense$59,060,000120
Salaries and employee benefits$8,010,000321
Premises and equipment expense$14,0008,242
Additional noninterest expense$51,036,00073
Pre-tax net operating income$-59,228,0008,658
Securities gains (losses)$01,187
Applicable income taxes$-22,365,0008,648
Income before extraordinary items$-36,863,0008,648
Extraordinary gains, net$022
Net income$-36,863,0008,647
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$2,514,000141
Cash dividends$03,942
Sale, conversion, retirement of capital stock, net$1,064,556,0001
Net operating income$-36,863,0008,647

* 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.