PNC Bank 2010 Annual Report Download - page 139
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During 2010 and 2009, the OTTI credit losses recognized in noninterest income related to estimated credit losses on securities that
we do not expect to sell were as follows:
Summary of OTTI Credit Losses Recognized in Earnings
In millions 2010 2009
Available for sale securities:
Non-agency residential mortgage-backed $(242) $(444)
Non-agency commercial mortgage-backed (5) (6)
Asset-backed (78) (111)
Other debt (12)
Marketable equity securities (4)
Total $(325) $(577)
Summary of OTTI Noncredit Losses Recognized in Accumulated Other Comprehensive Loss
In millions 2010 2009
Total $(283) $(1,358)
The following table presents a rollforward of the cumulative OTTI credit losses recognized in earnings for all debt securities for
which a portion of an OTTI loss was recognized in accumulated other comprehensive loss:
Rollforward of Cumulative OTTI Credit Losses Recognized in Earnings
In millions
Non-agency
residential
mortgage-backed
Non-agency
commercial
mortgage-backed
Asset-
backed
Other
debt Total
December 31, 2008 (a) $ (35) $ (34) $ (69)
Loss where impairment was not previously recognized (223) $ (6) (59) $ (9) (297)
Additional loss where credit impairment was previously recognized (221) (52) (3) (276)
December 31, 2009 (a) (479) (6) (145) (12) (642)
Loss where impairment was not previously recognized (44) (3) (17) (64)
Additional loss where credit impairment was previously recognized (198) (2) (61) (261)
Reduction due to credit impaired securities sold 12 12
December 31, 2010 $(709) $(11) $(223) $(12) $(955)
(a) Excludes OTTI credit losses related to equity securities totaling $4 million.
Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table.
Gains (Losses) on Sales of Securities Available for Sale
Year ended
December 31
In millions Proceeds
Gross
Gains
Gross
Losses Net Gains
Tax
Expense
2010 $23,783 $490 $64 $426 $149
2009 18,901 570 20 550 192
2008 10,283 114 8 106 37
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