PNC Bank 2015 Annual Report Download - page 238

The following table presents the assignment of the allowance for loan and lease losses and the categories of loans as a percentage
of total loans. Changes in the allocation over time reflect the changes in loan portfolio composition, risk profile and refinements to
reserve methodologies.
ALLOCATION OF ALLOWANCE FOR LOAN AND LEASE LOSSES
2015 2014 2013 2012 2011
December 31
Dollars in millions Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans Allowance
Loans to
Total Loans
Commercial $1,286 47.7% $1,209 47.6% $1,100 45.2% $1,131 44.7% $1,180 41.3%
Commercial real estate 281 13.3 318 11.4 400 10.8 589 10.0 753 10.2
Equipment lease financing 38 3.6 44 3.7 47 3.9 54 3.9 62 4.0
Home equity 484 15.5 872 16.9 1,051 18.6 1,044 19.3 1,095 20.8
Residential real estate 307 7.0 561 7.0 642 7.7 847 8.2 894 9.1
Credit card 167 2.4 173 2.3 169 2.3 199 2.3 202 2.5
Other consumer 164 10.5 154 11.1 200 11.5 172 11.6 161 12.1
Total $2,727 100.0% $3,331 100.0% $3,609 100.0% $4,036 100.0% $4,347 100.0%
SELECTED LOAN MATURITIES AND INTEREST
SENSITIVITY
December 31, 2015
In millions
1 Year or
Less
1 Through
5 Years
After
5 Years
Gross
Loans
Commercial $27,251 $61,342 $10,015 $ 98,608
Commercial real estate –
Real estate projects 7,868 14,319 5,281 27,468
Total $35,119 $75,661 $15,296 $126,076
Loans with:
Predetermined rate $ 5,582 $10,866 $ 6,526 $ 22,974
Floating or adjustable rate 29,537 64,795 8,770 103,102
Total $35,119 $75,661 $15,296 $126,076
At December 31, 2015, we had no pay-fixed interest rate swaps
designated to commercial loans as part of fair value hedge
strategies. At December 31, 2015, $17.9 billion notional amount
of receive-fixed interest rate swaps were designated as part of
cash flow hedging strategies that converted the floating rate (1
month and 3 month LIBOR) on the underlying commercial
loans to a fixed rate as part of risk management strategies.
TIME DEPOSITS
The aggregate amount of time deposits with a denomination of
$100,000 or more was $9.4 billion at December 31, 2015 and
$8.8 billion at December 31, 2014. Time deposits of $100,000
or more included time deposits in foreign offices of $2.9
billion at December 31, 2015. Domestic time deposits of
$100,000 or more were $6.5 billion at December 31, 2015
with the following maturities:
December 31, 2015 – in millions
Domestic
Certificates
of Deposit
Three months or less $1,706
Over three through six months 1,089
Over six through twelve months 1,948
Over twelve months 1,793
Total $6,536
COMMON STOCK PRICES/DIVIDENDS DECLARED
The table below sets forth by quarter the range of high and
low sale and quarter-end closing prices for The PNC Financial
Services Group, Inc. common stock and the cash dividends
declared per common share.
High Low Close
Cash
Dividends
Declared (a)
2015 Quarter
First $ 96.71 $81.84 $93.24 $ .48
Second 99.61 90.42 95.65 .51
Third 100.52 82.77 89.20 .51
Fourth 97.50 84.93 95.31 .51
Total $2.01
2014 Quarter
First $ 87.80 $76.06 $87.00 $ .44
Second 89.85 79.80 89.05 .48
Third 90.00 80.43 85.58 .48
Fourth 93.45 76.69 91.23 .48
Total $1.88
(a) Our Board approved a first quarter 2016 cash dividend of $.51 per common share,
which was payable on February 5, 2016.
220 The PNC Financial Services Group, Inc. – Form 10-K