PNC Bank 2014 Annual Report Download - page 168
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Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table.
Table 79: 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
2014 $4,480 $ 33 $(29) $ 4 $ 1
2013 8,178 146 (47) 99 35
2012 9,441 214 (10) 204 71
The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt
securities at December 31, 2014.
Table 80: Contractual Maturity of Debt Securities
December 31, 2014
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 $ 2 $1,312 $3,437 $ 486 $ 5,237
Residential mortgage-backed
Agency 120 456 17,070 17,646
Non-agency 6 1 4,716 4,723
Commercial mortgage-backed
Agency 128 206 20 1,824 2,178
Non-agency 50 4,035 4,085
Asset-backed 4 1,014 1,977 2,146 5,141
State and municipal 5 134 324 1,490 1,953
Other debt 91 1,045 437 203 1,776
Total debt securities available for sale $ 230 $3,887 $6,652 $31,970 $42,739
Fair value $ 231 $3,976 $6,760 $32,827 $43,794
Weighted-average yield, GAAP basis 3.49% 2.55% 2.36% 2.99% 2.85%
S
ECURITIES
H
ELD TO
M
ATURITY
U.S. Treasury and government agencies $ 248 $ 248
Residential mortgage-backed
Agency 5,736 5,736
Non-agency 270 270
Commercial mortgage-backed
Agency $ 996 $ 145 59 1,200
Non-agency 6 1,004 1,010
Asset-backed 17 408 334 759
State and municipal $ 20 26 809 1,187 2,042
Other debt 323 323
Total debt securities held to maturity $ 20 $1,045 $1,685 $ 8,838 $11,588
Fair value $ 20 $1,085 $1,751 $ 9,128 $11,984
Weighted-average yield, GAAP basis 4.42% 3.44% 3.29% 3.72% 3.63%
150 The PNC Financial Services Group, Inc. – Form 10-K