PNC Bank 2012 Annual Report Download - page 84
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A
SSET
M
ANAGEMENT
G
ROUP
(Unaudited)
Table 23: Asset Management Group Table
Year ended December 31
Dollars in millions, except as noted 2012 2011
I
NCOME
S
TATEMENT
Net interest income $ 297 $ 280
Noninterest income 676 649
Total revenue 973 929
Provision for credit losses (benefit) 11 (24)
Noninterest expense 732 687
Pretax earnings 230 266
Income taxes 85 98
Earnings $ 145 $ 168
A
VERAGE
B
ALANCE
S
HEET
Loans
Consumer $4,416 $4,108
Commercial and commercial real estate 1,076 1,301
Residential mortgage 695 706
Total loans 6,187 6,115
Goodwill and other intangible assets 329 361
Other assets 219 243
Total assets $6,735 $6,719
Deposits
Noninterest-bearing demand $1,462 $1,209
Interest-bearing demand 2,746 2,361
Money market 3,553 3,589
Total transaction deposits 7,761 7,159
CDs/IRAs/savings deposits 491 632
Total deposits 8,252 7,791
Other liabilities 68 74
Capital 439 349
Total liabilities and equity $8,759 $8,214
P
ERFORMANCE
R
ATIOS
Return on average capital 33% 48%
Return on average assets 2.15 2.50
Noninterest income to total revenue 69 70
Efficiency 75 74
Year ended December 31
Dollars in millions, except as noted 2012 2011
O
THER
I
NFORMATION
Total nonperforming assets (a) (b) $ 69 $ 60
Purchased impaired loans (a) (c) $109 $127
Total net charge-offs $ 6 $ –
A
SSETS
U
NDER
A
DMINISTRATION
(in billions) (a) (d)
Personal $107 $100
Institutional 117 110
Total $224 $210
Asset Type
Equity $120 $111
Fixed Income 69 66
Liquidity/Other 35 33
Total $224 $210
Discretionary assets under management
Personal $ 73 $ 69
Institutional 39 38
Total $112 $107
Asset Type
Equity $ 56 $ 53
Fixed Income 39 38
Liquidity/Other 17 16
Total $112 $107
Nondiscretionary assets under administration
Personal $ 34 $ 31
Institutional 78 72
Total $112 $103
Asset Type
Equity $ 64 $ 58
Fixed Income 30 28
Liquidity/Other 18 17
Total $112 $103
(a) As of December 31.
(b) Includes nonperforming loans of $65 million at December 31, 2012 and $56 million
at December 31, 2011.
(c) Recorded investment of purchased impaired loans related to acquisitions.
(d) Excludes brokerage account assets.
The PNC Financial Services Group, Inc. – Form 10-K 65