PNC Bank 2013 Annual Report Download - page 171

The following table presents a rollforward of the cumulative OTTI credit losses recognized in earnings for all debt securities for
which a portion of an OTTI loss was recognized in Accumulated other comprehensive income (loss).
Table 82: Rollforward of Cumulative OTTI Credit Losses Recognized in Earnings
Year ended December 31
In millions 2013 2012
Balance at beginning of period $(1,201) $(1,091)
Loss where impairment was not previously recognized (10)
Additional loss where credit impairment was previously recognized (16) (101)
Reduction due to credit impaired securities sold or matured 57 1
Balance at end of period $(1,160) $(1,201)
Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table.
Table 83: Gains (Losses) on Sales of Securities Available for Sale
In millions Proceeds
Gross
Gains
Gross
Losses
Net
Gains
Tax
Expense
For the year ended December 31
2013 $ 8,178 $146 $ (47) $ 99 $35
2012 9,441 214 (10) 204 71
2011 21,039 406 (157) 249 87
The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt
securities at December 31, 2013.
Table 84: Contractual Maturity of Debt Securities
December 31, 2013
Dollars in millions 1 Year or Less
After 1 Year
through 5 Years
After 5 Years
through 10 Years
After 10
Years Total
S ECURITIES A VAILABLE FOR S ALE
U.S. Treasury and government agencies $ 1 $1,152 $2,674 $ 163 $ 3,990
Residential mortgage-backed
Agency 72 489 22,108 22,669
Non-agency 10 1 5,446 5,457
Commercial mortgage-backed
Agency 66 430 36 100 632
Non-agency 58 54 3,825 3,937
Asset-backed 32 973 2,335 2,414 5,754
State and municipal 7 117 349 2,136 2,609
Other debt 459 1,301 475 271 2,506
Total debt securities available for sale $ 565 $4,113 $6,413 $36,463 $47,554
Fair value $ 570 $4,209 $6,524 $36,871 $48,174
Weighted-average yield, GAAP basis 3.01% 2.49% 2.36% 3.16% 2.99%
S
ECURITIES H ELD TO M ATURITY
U.S. Treasury and government agencies $ 239 $ 239
Residential mortgage-backed
Agency 5,814 5,814
Non-agency 293 293
Commercial mortgage-backed
Agency $ 938 $ 308 5 1,251
Non-agency 6 1,681 1,687
Asset-backed 64 945 1,009
State and municipal 36 457 562 1,055
Other debt 339 339
Total debt securities held to maturity $ 980 $1,168 $ 9,539 $11,687
Fair value $ 1 $1,017 $1,196 $ 9,551 $11,765
Weighted-average yield, GAAP basis 2.42% 3.24% 3.73% 3.64% 3.62%
The PNC Financial Services Group, Inc. – Form 10-K 153