PNC Bank 2004 Annual Report Download - page 33

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CONDENSED CONSOLIDATED BALANCE SHEET}
The PNC Financial Services Group, Inc.
At December 31
In millions, except par value 2004 2003
Assets
Cash and due from banks $ 3,230 $ 2,968
Federal funds sold, resale agreements and other short term investments 3,483 2,596
Loans held for sale 1,670 1,400
Securities available for sale and held to maturity 16,761 15,690
Loans, net of unearned income of $902 and $1,009 43,495 36,303
Allowance for loan and lease losses (607) (632)
Net loans 42,888 35,671
Goodwill and other intangible assets 3,355 2,707
Other 8,336 7,136
Total assets $ 79,723 $ 68,168
Liabilities
Deposits
Noninterest-bearing $ 12,915 $ 11,505
Interest-bearing 40,354 33,736
Total deposits 53,269 45,241
Borrowed funds
Federal funds purchased and repurchase agreements 1,595 1,250
Bank notes and senior debt 2,383 2,823
Subordinated debt 4,050 3,729
Commercial paper 2,251 2,226
Other borrowed funds 1,685 1,425
Total borrowed funds 11,964 11,453
Allowance for unfunded loan commitments and letters of credit 75 91
Accrued expenses and other 6,438 4,276
Total liabilities 71,746 61,061
Minority and noncontrolling interests in consolidated entities 504 462
Shareholders’ Equity
Preferred stock (a)
Common stock – $5 par value
Authorized 800 shares, issued 353 shares 1,764 1,764
Capital surplus 1,265 1,108
Retained earnings 8,273 7,642
Deferred compensation expense (51) (29)
Accumulated other comprehensive (loss) income (54) 60
Common stock held in treasury at cost: 70 and 76 shares (3,724) (3,900)
Total shareholders’ equity 7,473 6,645
Total liabilities, minority and noncontrolling interests and shareholders’ equity $ 79,723 $ 68,168
(a) Less than $.5 million at each date.