PNC Bank 2011 Annual Report Download - page 148
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In millions
Commercial
Lending
Consumer
Lending Total
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
Other loans individually evaluated for impairment $ 1,148 $ 1,148
Loans collectively evaluated for impairment 1,973 $ 1,395 3,368
Purchased impaired loans 224 332 556
December 31 $ 3,345 $ 1,727 $ 5,072
LOAN PORTFOLIO
TDRs individually evaluated for impairment (a) $ 22 $ 22
Other loans individually evaluated for impairment 3,924 3,924
Loans collectively evaluated for impairment 78,038 $65,272 143,310
Purchased impaired loans 2,167 8,120 10,287
December 31 $84,151 $73,392 $157,543
Portfolio segment ALLL as a percentage of total ALLL 65.95% 34.05% 100.00%
Ratio of the allowance for loan and lease losses to total loans 3.97% 2.35% 3.22%
(a) The associated allowance amount related to commercial lending TDRs individually evaluated for impairment totaled less than $1 million at December 31, 2009.
Impaired Loans
Impaired loans include commercial nonperforming loans and
consumer and commercial TDRs, regardless of nonperforming
status. Excluded from impaired loans are nonperforming
leases, loans held for sale, smaller balance homogeneous type
loans and purchased impaired loans. See Note 6 Purchased
Impaired Loans for additional information. Nonperforming
equipment lease financing loans of $22 million and $77
million at December 31, 2011 and December 31, 2010,
respectively, are excluded from impaired loans pursuant to
authoritative lease accounting guidance. We did not recognize
any interest income on impaired loans that have not returned
to performing status, while they were impaired during 2011,
2010 or 2009. The following table provides further detail on
impaired loans individually evaluated for impairment and the
associated ALLL. Certain commercial impaired loans do not
have a related ALLL as the valuation of these impaired loans
exceeded the recorded investment.
The PNC Financial Services Group, Inc. – Form 10-K 139
Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data
(continued from previous page)