PNC Bank 2010 Annual Report Download - page 129
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Rollforward of Allowance for Loan and Lease Losses and Other Loan Data – 2010 and 2009
In millions
Commercial
Lending
Consumer
Lending Total
December 31, 2010
Allowance for Loan and Lease Losses
January 1 $ 3,345 $ 1,727 $ 5,072
Charge-offs (2,017) (1,475) (3,492)
Recoveries 427 129 556
Net charge-offs (1,590) (1,346) (2,936)
Provision for credit losses 704 1,798 2,502
Adoption of ASU 2009-17, Consolidations 141 141
Net change in allowance for unfunded loan commitments and letters of credit 108 108
December 31 $ 2,567 $ 2,320 $ 4,887
Collectively evaluated for impairment $ 1,419 $ 1,227 $ 2,646
Individually evaluated for impairment 859 485 1,344
Purchased impaired loans 289 608 897
December 31 $ 2,567 $ 2,320 $ 4,887
Loans
Collectively evaluated for impairment $75,014 $63,291 $138,305
Individually evaluated for impairment 3,088 1,422 4,510
Purchased impaired loans 1,402 6,378 7,780
December 31 $79,504 $71,091 $150,595
Ratio of the allowance for loan and lease losses to total Loans 3.23% 3.26% 3.25%
December 31, 2009
Allowance for Loan and Lease Losses
January 1 $ 2,680 $ 1,237 $ 3,917
Charge-offs (1,935) (1,220) (3,155)
Recoveries 246 198 444
Net charge-offs (1,689) (1,022) (2,711)
Provision for credit losses 2,418 1,512 3,930
Acquired allowance – National City (112) (112)
Net change in allowance for unfunded loan commitments and letters of credit 48 48
December 31 $ 3,345 $ 1,727 $ 5,072
Collectively evaluated for impairment $ 1,973 $ 1,395 $ 3,368
Individually evaluated for impairment 1,148 1,148
Purchased impaired loans 224 332 556
December 31 $ 3,345 $ 1,727 $ 5,072
Loans
Collectively evaluated for impairment $78,038 $65,272 $143,310
Individually evaluated for impairment 3,946 3,946
Purchased impaired loans 2,167 8,120 10,287
December 31 $84,151 $73,392 $157,543
Ratio of the allowance for loan and lease losses to total loans 3.97% 2.35% 3.22%
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