PNC Bank 2012 Annual Report Download - page 203
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Fair values and aggregate unpaid principal balances of items for which we elected the fair value option follow.
Table 99: Fair Value Option – Fair Value and Principal Balances
In millions Fair Value
Aggregate Unpaid
Principal Balance Difference
December 31, 2012
Customer resale agreements $ 256 $ 237 $ 19
Trading loans 76 76
Residential mortgage loans held for sale
Performing loans 2,072 1,971 101
Accruing loans 90 days or more past due 8 14 (6)
Nonaccrual loans 16 36 (20)
Total 2,096 2,021 75
Commercial mortgage loans held for sale (a)
Performing loans 766 889 (123)
Nonaccrual loans 6 12 (6)
Total 772 901 (129)
Residential mortgage loans – portfolio
Performing loans 58 116 (58)
Accruing loans 90 days or more past due (b) 116 141 (25)
Nonaccrual loans 70 207 (137)
Total $ 244 $ 464 $(220)
December 31, 2011
Customer resale agreements $ 732 $ 686 $ 46
Residential mortgage-backed agency securities with embedded derivatives (c) 1,058 864 194
Residential mortgage loans held for sale
Performing loans 1,407 1,347 60
Accruing loans 90 days or more past due 7 13 (6)
Nonaccrual loans 1 3 (2)
Total 1,415 1,363 52
Commercial mortgage loans held for sale (a)
Performing loans 829 962 (133)
Nonaccrual loans 14 27 (13)
Total 843 989 (146)
Residential mortgage loans – portfolio
Performing loans 32 55 (23)
Accruing loans 90 days or more past due (b) 10 14 (4)
Nonaccrual loans 62 176 (114)
Total $ 104 $ 245 $(141)
(a) There were no accruing loans 90 days or more past due within this category at December 31, 2012 or December 31, 2011.
(b) The majority of these loans are government insured loans, which positively impacts the fair value.
(c) These residential mortgage-backed agency securities with embedded derivatives were carried as Trading securities.
184 The PNC Financial Services Group, Inc. – Form 10-K