PNC Bank 2013 Annual Report Download - page 12
Download and view the complete annual report
Please find page 12 of the 2013 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.-
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
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
 |
 |
T
HE
PNC F
INANCIAL
S
ERVICES
G
ROUP
,I
NC
.
Cross-Reference Index to 2013 Form 10-K
TABLE OF CONTENTS
Page
PART I
Item 1 Business. 1
Item 1A Risk Factors. 13
Item 1B Unresolved Staff Comments. 24
Item 2 Properties. 24
Item 3 Legal Proceedings. 24
Item 4 Mine Safety Disclosures. 24
Executive Officers of the Registrant 24
Directors of the Registrant 26
PART II
Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 26
Common Stock Performance Graph 27
Item 6 Selected Financial Data. 28
Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A). 30
Executive Summary 30
Consolidated Income Statement Review 35
Consolidated Balance Sheet Review 38
Off-Balance Sheet Arrangements And Variable Interest Entities 48
Fair Value Measurements 49
European Exposure 49
Business Segments Review 50
Critical Accounting Estimates And Judgments 61
Status Of Qualified Defined Benefit Pension Plan 66
Recourse And Repurchase Obligations 67
Risk Management 71
2012 Versus 2011 96
Glossary Of Terms 99
Cautionary Statement Regarding Forward-Looking Information 104
Item 7A Quantitative and Qualitative Disclosures About Market Risk. 105
Item 8 Financial Statements and Supplementary Data. 106
Report of Independent Registered Public Accounting Firm 106
Consolidated Income Statement 107
Consolidated Statement of Comprehensive Income 108
Consolidated Balance Sheet 109
Consolidated Statement Of Changes In Equity 110
Consolidated Statement Of Cash Flows 111
Notes To Consolidated Financial Statements 113
Note 1 Accounting Policies 113
Note 2 Acquisition and Divestiture Activity 124