PNC Bank 2006 Annual Report Download - page 79

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CONSOLIDATED BALANCE SHEET
THE PNC FINANCIAL SERVICES GROUP, INC.
In millions, except par value
December 31
2006 2005
Assets
Cash and due from banks $3,523 $3,518
Federal funds sold and resale agreements 1,763 350
Other short-term investments, including trading securities 3,130 2,543
Loans held for sale 2,366 2,449
Securities available for sale 23,191 20,710
Loans, net of unearned income of $795 and $835 50,105 49,101
Allowance for loan and lease losses (560) (596)
Net loans 49,545 48,505
Goodwill 3,402 3,619
Other intangible assets 641 847
Equity investments 5,330 1,323
Other 8,929 8,090
Total assets $101,820 $91,954
Liabilities
Deposits
Noninterest-bearing $16,070 $14,988
Interest-bearing 50,231 45,287
Total deposits 66,301 60,275
Borrowed funds
Federal funds purchased 2,711 4,128
Repurchase agreements 2,051 1,691
Bank notes and senior debt 3,633 3,875
Subordinated debt 3,962 4,469
Other 2,671 2,734
Total borrowed funds 15,028 16,897
Allowance for unfunded loan commitments and letters of credit 120 100
Accrued expenses 3,970 2,770
Other 4,728 2,759
Total liabilities 90,147 82,801
Minority and noncontrolling interests in consolidated entities 885 590
Shareholders’ Equity
Preferred stock (a)
Common stock - $5 par value
Authorized 800 shares, issued 353 shares 1,764 1,764
Capital surplus 1,651 1,299
Retained earnings 10,985 9,023
Accumulated other comprehensive loss (235) (267)
Common stock held in treasury at cost: 60 and 60 shares (3,377) (3,256)
Total shareholders’ equity 10,788 8,563
Total liabilities, minority and noncontrolling interests, and
shareholders’ equity $101,820 $91,954
(a) Less than $.5 million at each date.
See accompanying Notes To Consolidated Financial Statements.
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