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PNC » Topics » ACCRETABLE INTEREST

This excerpt taken from the PNC 8-K filed Jul 23, 2009.

ACCRETABLE INTEREST

 

In billions

    December 31
2008		     June 30
2009		  

Performing loans

    $ 2.4      $ 1.9   

Impaired loans

      3.7        3.9   
                

Total loans (gross)

      6.1        5.8   

Securities

      .2        .1   

Deposits

      2.1        1.5   

Borrowings

      (1.8 )      (1.3 ) 
                

Total

    $ 6.6      $ 6.1   
                

Adjustments related to impaired loans in the table above include purchase accounting accretion, reclassifications from non-accretable to accretable interest as a result of increases in estimated cash flows, and reductions in the accretable amount as a result of additional loan impairments as of the National City acquisition close date of December 31, 2008.

THE PNC FINANCIAL SERVICES GROUP, INC.    Page 9
Accruing Loans Past Due (Unaudited)
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