PNC Bank 2001 Annual Report Download - page 29

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27
At or Year ended December 31
Dollars in millions 2001 2000 1999 1998 1997
BALANCE SHEET HIGHLIGHTS
Assets $69,568 $69,844 $69,286 $70,754 $71,694
Earning assets 57,875 59,373 60,268 63,547 63,798
Loans, net of unearned income 37,974 50,601 49,673 57,633 54,235
Securities 13,908 5,902 5,960 4,472 8,040
Loans held for sale 4,189 1,655 3,477 467 18
Deposits 47,304 47,664 45,802 46,150 46,956
Borrowed funds 12,090 11,718 14,229 15,939 16,958
Shareholders’ equity 5,823 6,656 5,946 6,043 5,384
Common shareholders’ equity 5,813 6,344 5,633 5,729 5,069
SELECTED RATIOS
From Continuing Operations
Return on
Average common shareholders’ equity 5.65% 20.52% 21.29% 20.14% 19.74%
Average assets .54 1.76 1.76 1.55 1.52
Net interest margin 3.84 3.64 3.86 3.99 3.98
Noninterest income to total revenue 52.7 57.0 50.9 45.4 39.6
Efficiency (a) 65.39 56.85 55.54 54.81 55.33
From Net Income
Return on
Average common shareholders’ equity 5.65 21.63 22.41 20.81 20.01
Average assets .53 1.68 1.69 1.49 1.49
Net interest margin 3.81 3.37 3.68 3.85 3.94
Noninterest income to total revenue 52.8 59.3 52.8 47.0 41.3
Efficiency (a) 65.27 55.17 54.82 54.76 56.07
Loans to deposits 80 106 108 125 116
Dividend payout 151.65 42.06 40.22 43.43 45.39
Leverage (b) 6.8 8.0 6.6 7.3 7.3
Common shareholders’ equity to assets 8.36 9.08 8.13 8.10 7.07
Average common shareholders’ equity to average
assets 9.15 8.44 8.13 7.56 7.57
(a) The efficiency ratio is noninterest expense divided by the sum of taxable-equivalent net interest income and noninterest income.
Amortization, distributions on capital securities and mortgage banking risk management activities are excluded for purposes of computing
this ratio. Excluding the impact of charges in 2001 related to strategic initiatives and additions to reserves related to insured residual value
exposures, the efficiency ratios from continuing operations and from net income were 58.14% and 58.07%, respectively.
(b) Includes discontinued operations in the years 1997 through 1999.