PNC Bank 2011 Annual Report Download - page 216

Download and view the complete annual report

Please find page 216 of the 2011 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.

Page out of 238

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238

Analysis Of Year-To-Year Changes In Net Interest Income
2011/2010 2010/2009
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 $ 91 $(108) $ (17) $ 69 $(196) $(127)
Non-agency (102) (62) (164) (170) (52) (222)
Commercial mortgage-backed (11) (22) (33) (56) (17) (73)
Asset-backed 35 (34) 1 18 (80) (62)
US Treasury and government agencies (87) (10) (97) 87 (13) 74
State and municipal 27 (15) 12 55
Other debt 15 (7) 8 42 (9) 33
Corporate stocks and other (3) (3)
Total securities available for sale (24) (266) (290) 132 (507) (375)
Securities held to maturity
Residential mortgage-backed 83 83
Commercial mortgage-backed 38 (24) 14 97 (14) 83
Asset-backed (33) (13) (46) 45 (49) (4)
State and municipal 12 12
Other 12 (8) 4 (2) 2
Total securities held to maturity 90 (23) 67 135 (56) 79
Total investment securities 69 (292) (223) 274 (570) (296)
Loans
Commercial 258 (222) 36 (363) (37) (400)
Commercial real estate (192) 26 (166) (222) (25) (247)
Equipment lease financing (3) (13) (16) 42327
Consumer (18) (174) (192) 136 (16) 120
Residential real estate (176) (150) (326) (227) 100 (127)
Total loans (93) (571) (664) (644) 17 (627)
Loans held for sale (9) (61) (70) (87) 80 (7)
Federal funds sold and resale agreements 7 (11) (4) 1 (6) (5)
Other (15) 44 29 (100) 111 11
Total interest-earning assets $ (20) $(912) $(932) $(690) $(234) $(924)
Interest-Bearing Liabilities
Interest-bearing deposits
Money market $ 2 $ (79) $ (77) $ 27 $(314) $(287)
Demand 3 (13) (10) 4 (38) (34)
Savings 3 (1) 2 1 (2) (1)
Retail certificates of deposit (120) (80) (200) (197) (218) (415)
Other time (12) 3 (9) (75) 37 (38)
Time deposits in foreign offices (1) (1) (2) (1) (3)
Total interest-bearing deposits (38) (257) (295) (128) (650) (778)
Borrowed funds
Federal funds purchased and repurchase agreements (6) (6) (3) (3)
Federal Home Loan Bank borrowings (26) 8 (18) (70) (59) (129)
Bank notes and senior debt (38) (30) (68) (7) (116) (123)
Subordinated debt (36) (13) (49) (31) (64) (95)
Other 35 8 32 (17) 15
Total borrowed funds (102) (31) (133) (110) (225) (335)
Total interest-bearing liabilities (100) (328) (428) (231) (882) (1,113)
Change in net interest income $ (17) $(487) $(504) $(543) $ 732 $ 189
Changes attributable to rate/volume are prorated into rate and volume components.
The PNC Financial Services Group, Inc. – Form 10-K 207