PNC Bank 2010 Annual Report Download - page 13
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Please find page 13 of the 2010 PNC Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The business activities of this segment are focused on
maximizing the value of the assets while mitigating risk.
Business intent drives the inclusion of assets in this business
segment. Not all impaired loans are included in this business
segment, nor are all of the loans included in this business
segment considered impaired. The fair value marks taken
upon our acquisition of National City, the team we have in
place and targeted asset resolution strategies help us to
manage these assets. Additionally, our capital and liquidity
positions provide us flexibility in a challenging environment
to optimize returns on this portfolio for our shareholders.
S
UBSIDIARIES
Our corporate legal structure at December 31,
2010 consisted of one domestic subsidiary bank, including its
subsidiaries, and approximately 120 active non-bank
subsidiaries. Our bank subsidiary is PNC Bank, National
Association (PNC Bank, N.A.), headquartered in Pittsburgh,
Pennsylvania. For additional information on our subsidiaries,
see Exhibit 21 to this Report.
S
TATISTICAL
D
ISCLOSURE
B
Y
B
ANK
H
OLDING
C
OMPANIES
The following statistical information is included on the
indicated pages of this Report and is incorporated herein by
reference:
Form 10-K page
Average Consolidated Balance Sheet
And Net Interest Analysis 189
Analysis Of Year-To-Year Changes
In Net Interest Income 188
Book Values Of Securities 37-40 and 127-132
Maturities And Weighted-Average
Yield Of Securities 132
Loan Types 34-36, 117-118 and 190
Selected Loan Maturities And
Interest Sensitivity 192
Nonaccrual, Past Due And
Restructured Loans And Other
Nonperforming Assets 69-75, 106-107,
119 and 190
Potential Problem Loans And Loans
Held For Sale 41 and 69-76
Summary Of Loan Loss Experience 75-76, 118-126 and 191
Assignment Of Allowance For Loan
And Lease Losses 75-76 and 191
Average Amount And Average Rate
Paid On Deposits 189
Time Deposits Of $100,000 Or More 146 and 192
Selected Consolidated Financial Data 23-24
Short-term borrowings – not included
as average balances during 2010,
2009 and 2008 were less than 30%
of total shareholders’ equity at the
end of each period.
S
UPERVISION
A
ND
R
EGULATION
O
VERVIEW
PNC is a bank holding company registered under the Bank
Holding Company Act of 1956, as amended (BHC Act) and a
financial holding company under the Gramm-Leach-Bliley
Act (GLB Act).
We are subject to numerous governmental regulations, some
of which are highlighted below. You should also read Note 21
Regulatory Matters in the Notes To Consolidated Financial
Statements in Item 8 of this Report, included here by
reference, for additional information regarding our regulatory
matters. Applicable laws and regulations restrict our
permissible activities and investments and require compliance
with protections for loan, deposit, brokerage, fiduciary, mutual
fund and other customers, among other things. They also
restrict our ability to repurchase stock or to receive dividends
from bank subsidiaries and impose capital adequacy
requirements. The consequences of noncompliance can
include substantial monetary and nonmonetary sanctions.
In addition, we are subject to comprehensive examination and
supervision by, among other regulatory bodies, the Board of
Governors of the Federal Reserve System (Federal Reserve)
and the Office of the Comptroller of the Currency (OCC),
which results in examination reports and ratings (which are
not publicly available) that can impact the conduct and growth
of our businesses. These examinations consider not only
compliance with applicable laws and regulations, but also
capital levels, asset quality and risk, management ability and
performance, earnings, liquidity, and various other factors.
The results of examination activity by any of our federal bank
regulators potentially can result in the imposition of
significant limitations on our activities and growth. These
regulatory agencies generally have broad discretion to impose
restrictions and limitations on the operations of a regulated
entity where the agencies determine, among other things, that
such operations are unsafe or unsound, fail to comply with
applicable law or are otherwise inconsistent with laws and
regulations or with the supervisory policies of these agencies.
This supervisory framework could materially impact the
conduct, growth and profitability of our operations.
We are also subject to regulation by the Securities and
Exchange Commission (SEC) by virtue of our status as a
public company and due to the nature of some of our
businesses.
As a regulated financial services firm, our relationships and
good standing with regulators are of fundamental importance
to the operation and growth of our businesses. The Federal
Reserve, OCC, SEC, and other domestic and foreign
regulators have broad enforcement powers, and powers to
approve, deny, or refuse to act upon our applications or
notices to conduct new activities, acquire or divest businesses
or assets and deposits, or reconfigure existing operations.
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