PNC Bank 2008 Annual Report Download - page 109

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N
OTE
5A
SSET
Q
UALITY
The following table sets forth nonperforming assets and related information:
December 31 - dollars in millions 2008 (a) 2007
Nonaccrual loans
Commercial $ 576 $193
Commercial real estate 766 212
Equipment lease financing 97 3
TOTAL COMMERCIAL LENDING 1,439 408
Consumer
Home equity 66 16
Other 41
Total consumer 70 17
Residential real estate
Residential mortgage 139 26
Residential construction 14 1
Total residential real estate 153 27
TOTAL CONSUMER LENDING 223 44
Total nonaccrual loans 1,662 452
Restructured loans 2
Total nonperforming loans 1,662 454
Foreclosed and other assets
Commercial lending 34 23
Consumer 11 8
Residential real estate 458 10
Total foreclosed and other assets 503 41
Total nonperforming assets (b) (c) $2,165 $495
Nonperforming loans to total loans .95% .66%
Nonperforming assets to total loans and foreclosed assets 1.23 .72
Nonperforming assets to total assets .74 .36
Interest on nonperforming loans
Computed on original terms $ 115 $51
Recognized prior to nonperforming status 60 32
Past due loans
Accruing loans past due 90 days or more $3,259 $136
As a percentage of total loans 1.86% .20%
(a) Amounts at December 31, 2008 include $722 million of nonperforming assets related to National City. Nonperforming assets of National City are comprised of $250 million of
nonperforming loans, including $154 million related to commercial lending and $96 million related to consumer lending, and $472 million of foreclosed and other assets.
Nonperforming assets added with the National City acquisition excluded those loans that PNC impaired in accordance with SOP 03-3. See Note 6 Certain Loans Acquired in a
Transfer for additional information regarding SOP 03-3 loans.
(b) Excludes equity management assets carried at estimated fair value of $42 million at December 31, 2008 and $4 million at December 31, 2007.
(c) Excludes loans held for sale carried at lower of cost or market value of $78 million at December 31, 2008 and $25 million at December 31, 2007, including troubled debt restructured
assets of $5 million at December 31, 2008.
105