PNC Bank 2011 Annual Report Download - page 165

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Fair values and aggregate unpaid principal balances of items for which we elected the fair value option follow.
Fair Value Option – Fair Value and Principal Balances
In millions Fair Value
Aggregate Unpaid
Principal Balance Difference
December 31, 2011
Customer resale agreements $ 732 $686 $ 46
Residential mortgage-backed agency securities with embedded derivatives (a) 1,058 864 194
Residential mortgage loans held for sale
Performing loans 1,501 1,439 62
Loans 90 days or more past due 19 25 (6)
Nonaccrual loans 2 4 (2)
Total 1,522 1,468 54
Commercial mortgage loans held for sale (b)
Performing loans 829 962 (133)
Nonaccrual loans 14 27 (13)
Total 843 989 (146)
Residential mortgage loans – portfolio
Performing loans 74 97 (23)
Loans 90 days or more past due (c) 90 95 (5)
Nonaccrual loans 63 176 (113)
Total $ 227 $368 $(141)
December 31, 2010
Customer resale agreements $ 866 $806 $ 60
Residential mortgage loans held for sale
Performing loans 1,844 1,839 5
Loans 90 days or more past due 33 41 (8)
Nonaccrual loans 1 2 (1)
Total 1,878 1,882 (4)
Commercial mortgage loans held for sale (b)
Performing loans 847 990 (143)
Nonaccrual loans 30 49 (19)
Total 877 1,039 (162)
Residential mortgage loans – portfolio
Performing loans 36 44 (8)
Loans 90 days or more past due (c) 64 67 (3)
Nonaccrual loans 16 31 (15)
Total $ 116 $142 $ (26)
(a) These residential mortgage-backed agency securities with embedded derivatives are carried as Trading securities.
(b) There were no loans 90 days or more past due within this category at December 31, 2011 or December 31, 2010.
(c) The majority of these loans are government insured loans, which positively impacts the fair value.
156 The PNC Financial Services Group, Inc. – Form 10-K