PNC Bank 2013 Annual Report Download - page 166

Table 76: Rollforward of Allowance for Loan and Lease Losses and Associated Loan Data
(continued from previous page)
In millions
Commercial
Lending
Consumer
Lending Total
December 31, 2011
Allowance for Loan and Lease Losses
January 1 $ 2,567 $ 2,320 $ 4,887
Charge-offs (1,199) (1,065) (2,264)
Recoveries 487 138 625
Net charge-offs (712) (927) (1,639)
Provision for credit losses 177 975 1,152
Net change in allowance for unfunded loan commitments and letters of credit (36) (16) (52)
Other (1) (1)
December 31 $ 1,995 $ 2,352 $ 4,347
TDRs individually evaluated for impairment $ 39 $ 541 $ 580
Other loans individually evaluated for impairment 520 520
Loans collectively evaluated for impairment 1,207 1,042 2,249
Purchased impaired loans 229 769 998
December 31 $ 1,995 $ 2,352 $ 4,347
Loan Portfolio
TDRs individually evaluated for impairment $ 405 $ 1,798 $ 2,203
Other loans individually evaluated for impairment 1,890 1,890
Loans collectively evaluated for impairment 85,167 63,087 148,254
Purchased impaired loans 852 5,815 6,667
December 31 $88,314 $70,700 $159,014
Portfolio segment ALLL as a percentage of total ALLL 46% 54% 100%
Ratio of the allowance for loan and lease losses to total loans 2.26% 3.33% 2.73%
(a) Includes $252 million of loans collectively evaluated for impairment based upon collateral values and written down to the respective collateral value less costs to sell. Accordingly,
there is no allowance recorded for these loans.
Net interest income less the provision for credit losses was $8.5 billion for 2013 compared with $8.7 billion for 2012 and $7.5
billion for 2011.
A
LLOWANCE F OR U NFUNDED L OAN C OMMITMENTS A ND L ETTERS O F C REDIT
We maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb
estimated probable credit losses on these unfunded credit facilities as of the balance sheet date. See Note 1 Accounting Policies for
additional information.
Table 77: Rollforward of Allowance for Unfunded Loan Commitments and Letters of Credit
In millions 2013 2012 2011
January 1 $250 $240 $188
Net change in allowance for unfunded loan commitments and letters of credit (8) 10 52
December 31 $242 $250 $240
148 The PNC Financial Services Group, Inc. – Form 10-K