PNC Bank 2007 Annual Report Download - page 72

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CONSOLIDATED BALANCE SHEET
THE PNC FINANCIAL SERVICES GROUP, INC.
December 31
In millions, except par value 2007 2006
Assets
Cash and due from banks $ 3,567 $ 3,523
Federal funds sold and resale agreements 2,729 1,763
Other short-term investments, including trading securities 4,129 3,130
Loans held for sale 3,927 2,366
Securities available for sale 30,225 23,191
Loans, net of unearned income of $990 and $795 68,319 50,105
Allowance for loan and lease losses (830) (560)
Net loans 67,489 49,545
Goodwill 8,405 3,402
Other intangible assets 1,146 641
Equity investments 6,045 5,330
Other 11,258 8,929
Total assets $138,920 $101,820
Liabilities
Deposits
Noninterest-bearing $ 19,440 $ 16,070
Interest-bearing 63,256 50,231
Total deposits 82,696 66,301
Borrowed funds
Federal funds purchased 7,037 2,711
Repurchase agreements 2,737 2,051
Federal Home Loan Bank borrowings 7,065 42
Bank notes and senior debt 6,821 3,633
Subordinated debt 4,506 3,962
Other 2,765 2,629
Total borrowed funds 30,931 15,028
Allowance for unfunded loan commitments and letters of credit 134 120
Accrued expenses 4,330 3,970
Other 4,321 4,728
Total liabilities 122,412 90,147
Minority and noncontrolling interests in consolidated entities 1,654 885
Shareholders’ Equity
Preferred stock (a)
Common stock - $5 par value
Authorized 800 shares, issued 353 shares 1,764 1,764
Capital surplus 2,618 1,651
Retained earnings 11,497 10,985
Accumulated other comprehensive loss (147) (235)
Common stock held in treasury at cost: 12 and 60 shares (878) (3,377)
Total shareholders’ equity 14,854 10,788
Total liabilities, minority and noncontrolling interests, and
shareholders’ equity $138,920 $101,820
(a) Less than $.5 million at each date.
See accompanying Notes To Consolidated Financial Statements.
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