PNC Bank 2011 Annual Report Download - page 220

The following table presents the assignment of the allowance for loan and lease losses and the categories of loans as a percentage
of total loans. Changes in the allocation over time reflect the changes in loan portfolio composition, risk profile and refinements to
reserve methodologies. For purposes of this presentation, a portion of the allowance for loan and lease losses has been assigned to
loan categories based on the relative specific and pool allocation amounts to provide coverage for probable losses not covered in
specific, pool and consumer reserve methodologies related to qualitative and measurement factors. At December 31, 2011, the
portion of the reserves for these factors was $16 million.
A LLOCATION OF A LLOWANCE FOR L OAN AND L EASE L OSSES
2011 2010 2009 2008 2007
December 31
Dollars in millions Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans
Commercial $1,180 41.3% $1,387 36.7% $1,869 34.8% $1,668 39.4% $564 42.4%
Commercial real estate 753 10.2 1,086 11.9 1,305 14.7 833 14.7 153 13.0
Equipment lease financing 62 4.0 94 4.2 171 3.9 179 3.7 36 3.7
Consumer (a) 1,458 35.4 1,227 36.6 957 34.0 929 29.9 68 26.9
Residential real estate 894 9.1 1,093 10.6 770 12.6 308 12.3 9 14.0
Total $4,347 100.0% $4,887 100.0% $5,072 100.0% $3,917 100.0% $830 100.0%
(a) Includes home equity, credit card and other consumer.
S ELECTED L OAN M ATURITIES AND I NTEREST S ENSITIVITY
December 31, 2011
In millions
1 Year
or Less
1 Through
5 Years
After 5
Years
Gross
Loans
Commercial $20,508 $37,031 $8,155 $65,694
Commercial real estate -
Real estate projects 6,014 4,442 184 10,640
Total $26,522 $41,473 $8,339 $76,334
Loans with:
Predetermined rate $ 5,546 $ 9,585 $2,635 $17,766
Floating or adjustable
rate 20,976 31,888 5,704 58,568
Total $26,522 $41,473 $8,339 $76,334
At December 31, 2011, we had no pay-fixed interest rate swaps
designated to commercial loans as part of fair value hedge
strategies. At December 31, 2011, $13.9 billion notional amount
of receive-fixed interest rate swaps were designated as part of
cash flow hedging strategies that converted the floating rate (1
month and 3 month LIBOR) on the underlying commercial loans
to a fixed rate as part of risk management strategies.
T
IME D EPOSITS OF $100,000 O R M ORE
Time deposits in foreign offices totaled $1.8 billion at
December 31, 2011, substantially all of which were in
denominations of $100,000 or more.
The following table sets forth maturities of domestic time
deposits of $100,000 or more:
December 31, 2011 – in millions
Domestic
Certificates
of Deposit
Three months or less $3,534
Over three through six months 1,908
Over six through twelve months 1,835
Over twelve months 2,093
Total $9,370
C
OMMON S TOCK P RICES /D IVIDENDS D ECLARED
The table below sets forth by quarter the range of high and
low sale and quarter-end closing prices for The PNC Financial
Services Group, Inc. common stock and the cash dividends
declared per common share.
High Low Close
Cash
Dividends
Declared
2011 Quarter
First $65.19 $59.67 $62.99 $ .10
Second 64.37 55.56 59.61 .35
Third 61.21 42.70 48.19 .35
Fourth 58.70 44.74 57.67 .35
Total $1.15
2010 Quarter
First $61.80 $50.46 $59.70 $ .10
Second 70.45 56.30 56.50 .10
Third 62.99 49.43 51.91 .10
Fourth 61.79 50.69 60.72 .10
Total $ .40
The PNC Financial Services Group, Inc. – Form 10-K 211