PNC Bank 2010 Annual Report Download - page 196
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Please find page 196 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.Analysis Of Year-To-Year Changes In Net Interest Income
2010/2009 2009/2008
Increase/(Decrease) in Income/
Expense Due to Changes in:
Increase/(Decrease) in Income/
Expense Due to Changes in:
Taxable-equivalent basis - in millions Volume Rate Total Volume Rate Total
Interest-Earning Assets
Investment securities
Securities available for sale
Residential mortgage-backed
Agency $ 69 $(196) $ (127) $ 572 $ (79) $ 493
Non-agency (170) (52) (222) (3) 126 123
Commercial mortgage-backed (56) (17) (73) (51) 8 (43)
Asset-backed 18 (80) (62) (71) 57 (14)
US Treasury and government agencies 87 (13) 74 135 (1) 134
State and municipal 5531 7 38
Other debt 42 (9) 33 39 (5) 34
Corporate stocks and other (3) (3) (9) (9)
Total securities available for sale 132 (507) (375) 819 (63) 756
Securities held to maturity
Commercial mortgage-backed 97 (14) 83 108 108
Asset-backed 45 (49) (4) 86 (1) 85
Other (2) 2 66
Total securities held to maturity 135 (56) 79 200 (1) 199
Total investment securities 274 (570) (296) 1,016 (61) 955
Loans
Commercial (363) (37) (400) 1,626 (200) 1,426
Commercial real estate (222) (25) (247) 809 (59) 750
Equipment lease financing 423 27 159 58 217
Consumer 136 (16) 120 1,673 (63) 1,610
Residential mortgage (227) 100 (127) 763 37 800
Total loans (644) 17 (627) 5,032 (229) 4,803
Loans held for sale (87) 80 (7) 100 4 104
Federal funds sold and resale agreements 1 (6) (5) (15) (14) (29)
Other (100) 111 11 217 (245) (28)
Total interest-earning assets $(690) $(234) $ (924) $6,359 $ (554) $5,805
Interest-Bearing Liabilities
Interest-bearing deposits
Money market $ 27 $(314) $ (287) $ 375 $ (393) $ (18)
Demand 4 (38) (34) 54 (55) (1)
Savings 1 (2) (1) 8 (2) 6
Retail certificates of deposit (197) (218) (415) 834 (388) 446
Other time (75) 37 (38) 18 (107) (89)
Time deposits in foreign offices (2) (1) (3) (21) (67) (88)
Total interest-bearing deposits (128) (650) (778) 1,210 (954) 256
Borrowed funds
Federal funds purchased and repurchase agreements (3) (3) (44) (96) (140)
Federal Home Loan Bank borrowings (70) (59) (129) 122 (243) (121)
Bank notes and senior debt (7) (116) (123) 236 10 246
Subordinated debt (31) (64) (95) 287 94 381
Other 32 (17) 15 (33) (44) (77)
Total borrowed funds (110) (225) (335) 383 (94) 289
Total interest-bearing liabilities (231) (882) (1,113) 1,753 (1,208) 545
Change in net interest income $(543) $ 732 $ 189 $4,679 $ 581 $5,260
Changes attributable to rate/volume are prorated into rate and volume components.
188