PNC Financial Services (PNC)

ASSET QUALITY REVIEW

Credit quality deterioration occurred at a slower pace during the third quarter of 2009. PNC’s pretax pre-provision earnings of $1.7 billion exceeded the provision for credit losses for the third quarter of $914 million by $755 million. The provision for credit losses was $1.1 billion in the second quarter of 2009. The company increased the allowance for loan and lease losses during the third quarter to $4.8 billion at September 30, 2009 from $4.6 billion at June 30, 2009. The allowance for loan and lease losses to total loans increased to 2.99 percent at September 30, 2009 compared with 2.77 percent at June 30, 2009. Net charge-offs for the third quarter of 2009 declined to $650 million, or 1.59 percent of average loans on an annualized basis, compared with $795 million, or 1.89 percent, for the second quarter of 2009. The decrease of $145 million in net charge-offs was primarily due to lower net charge-offs of $102 million in commercial real estate loans.

Nonperforming assets were $5.6 billion at September 30, 2009 compared with $4.7 billion at June 30, 2009, an increase of $988 million and lower than the increase in nonperforming assets between June 30 and March 31, 2009 of $1.1 billion. Nonperforming assets increased during the third quarter to 3.50 percent of total loans and foreclosed and other assets at September 30, 2009 compared with 2.81 percent at June 30, 2009. The increase related primarily to a $380 million increase in nonperforming commercial loans, a $296 million increase in nonperforming residential real estate loans and a $216 million increase in nonperforming commercial real estate loans, mainly residential real estate development projects. Nonperforming assets to total assets were 2.08 percent at September 30, 2009 compared with 1.66 percent at June 30, 2009. The allowance for loan and lease losses to nonperforming loans was 94 percent at September 30, 2009 and 110 percent at June 30, 2009.

PNC Earns $559 Million in Third Quarter and $1.3 Billion Year-To-Date – Page 6

The allowance for loan and lease losses of $4.8 billion combined with the fair value marks of $6.6 billion on acquired impaired loans represented approximately 7 percent of loans outstanding at September 30, 2009.

ASSET QUALITY REVIEW

While credit quality deterioration continued as expected during the second quarter reflecting the weak economy, PNC’s pretax pre-provision earnings of $1.3 billion exceeded the provision for credit losses of $1.1 billion. PNC increased the allowance for loan and lease losses during the second quarter to $4.6 billion at June 30, 2009 compared with $4.3 billion at March 31, 2009. The allowance for loan and lease losses to total loans was 2.77 percent at June 30, 2009 compared with 2.51 percent at March 31, 2009.

PNC increased loan loss reserves beyond net charge-offs. Net charge-offs for the second quarter of 2009 were $795 million, or 1.89 percent of average loans, compared with $431 million, or 1.01 percent, for the first quarter of 2009. The $364 million increase in net charge-offs was reflective of overall recessionary economic conditions and included higher net charge-offs of $131 million in commercial loans, $127 million in residential real estate loans and $62 million in consumer loans. Net charge-offs for the second quarter of 2009 attributable to National City loans were $463 million, or 58 percent of total net charge-offs. PNC had established reserves of $2.8 billion for expected losses on National City loans on acquisition date.

Nonperforming assets were $4.5 billion at June 30, 2009 compared with $3.5 billion at March 31, 2009, an increase of $1.0 billion in the second quarter compared with an increase of $1.3 billion in the first quarter. Nonperforming assets increased during the quarter to 2.74 percent of total loans and foreclosed and other assets at June 30, 2009 compared with 2.05 percent at March 31, 2009. The increase related primarily to the residential housing market and included a $.4 billion increase in nonperforming commercial real estate loans, mainly residential real estate development projects, and a $.4 billion increase in nonperforming residential real estate loans. Nonperforming assets to total assets were 1.62 percent at June 30, 2009 compared with 1.23 percent at March 31, 2009. The allowance for loan and lease losses to nonperforming loans was 113 percent at June 30, 2009 and 145 percent at March 31, 2009.

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PNC Reports Second Quarter Net Income of $207 Million – Page 6

ASSET QUALITY REVIEW

Credit quality deterioration continued during the first quarter reflecting further economic weakening. PNC increased the allowance for loan and lease losses during the first quarter to $4.3 billion at March 31, 2009 compared with $3.9 billion at December 31, 2008. The allowance for loan and lease losses to total loans was 2.51 percent at March 31, 2009 compared with 2.23 percent at December 31, 2008. The provision for credit losses for the first quarter of 2009 was $880 million.

Net charge-offs for the first quarter of 2009 were $431 million, or 1.01 percent of average loans, compared with 1.09 percent for the fourth quarter of 2008. Approximately 42 percent of net charge-offs were from commercial loans, 28 percent from consumer and residential real estate loans, and 24 percent from commercial real estate loans.

Nonperforming assets were $3.5 billion at March 31, 2009 compared with $2.2 billion at December 31, 2008. The increase resulted from the impact of recessionary conditions in the economy and reflected a $1.1 billion increase in nonperforming commercial lending and $.2 billion increase in nonperforming consumer lending. The increase in nonperforming commercial loans was from service providers, manufacturing and real estate, including residential real estate development and commercial real estate exposure. The increase in nonperforming consumer loans was mainly due to residential mortgage loans. Nonperforming assets to total assets were 1.21 percent at March 31, 2009 compared with .74 percent at December 31, 2008. The allowance for loan and lease losses to nonperforming loans was 145 percent at March 31, 2009 and 236 percent at December 31, 2008.

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PNC Reports First Quarter Net Income of $530 Million and $1.03 Diluted EPS – Page 6

ASSET QUALITY REVIEW

PNC increased the allowance for loan and lease losses during the fourth quarter to $3.9 billion at December 31, 2008 compared with $.8 billion at December 31, 2007 and $1.1 billion at September 30, 2008. The increases were primarily due to a $2.2 billion allowance acquired from National City, $504 million conforming credit allowance adjustment for differences between the PNC and National City reserve estimation methodologies, and legacy PNC provision for credit losses in excess of net charge-offs. These reserves do not include $7.4 billion of fair value adjustments on $19.3 billion of impaired loans acquired from National City on December 31, 2008. The allowance for loan and lease losses to total loans was 2.23 percent at year end compared with 1.21 percent at December 31, 2007 and 1.40 percent at September 30, 2008.

Asset quality migrated at an accelerated pace in the very challenging credit environment but remained manageable as PNC was able to cover a substantial portion of the increased provision for credit losses through positive operating leverage and also maintain a strong capital position. The provision for credit losses for the fourth quarter of 2008 totaled $990 million and included the $504 million conforming provision for credit losses related to the National City acquisition and $486 million legacy PNC provision. The provision for credit losses was $188 million in the fourth quarter of 2007 and $190 million in the third quarter of 2008. The increase in the legacy PNC provision was largely attributable to general credit quality migration, including residential real estate development and commercial real estate exposure, and growth in total credit exposure.

Net charge-offs for the fourth quarter of 2008 were $207 million, or 1.09 percent of average loans, compared with net charge-offs of $83 million, or .49 percent, for the fourth quarter of 2007 and net charge-offs of $122 million, or .66 percent, for the third quarter of 2008. The increase in net charge-offs in both comparisons was primarily due to commercial and commercial real estate loans and in the prior year quarter comparison home equity consumer loans.

Nonperforming assets were $2.2 billion at December 31, 2008, including $722 million from the National City acquisition, compared to $495 million a year ago and $875 million at September 30, 2008. The increases aside from National City primarily resulted from higher nonaccrual commercial loans and commercial real estate projects including residential real estate development loans. Nonperforming assets to total assets were .74 percent at December 31, 2008 compared with .36 percent at December 31, 2007 and .60 percent at September 30, 2008. The allowance for loan and lease losses to nonperforming loans was 236 percent at December 31, 2008, 183 percent at December 31, 2007 and 125 percent at September 30, 2008.

ASSET QUALITY REVIEW

Overall asset quality at PNC migrated at a manageable pace in the very challenging credit environment. The company remained focused on maintaining a moderate risk profile. The provision for credit losses for the third quarter of 2008 was $190 million compared with $65 million in the third quarter of 2007 and $186 million in the second quarter of 2008. The increase in the provision compared with the 2007 quarter was largely attributable to general credit quality migration, including residential real estate development exposure in the commercial real estate portfolio and related sectors, and growth in total credit exposure.

Net charge-offs for the third quarter of 2008 were $122 million, or .66 percent of average loans, compared with net charge-offs of $49 million, or .30 percent, for the third quarter of 2007 and net charge-offs of $112 million, or .62 percent, for the second quarter of 2008. The increase in net charge-offs in the prior year third quarter comparison was primarily due to commercial real estate loans and home equity consumer loans.

The allowance for loan and lease losses to total loans improved to 1.40 percent at September 30, 2008 from 1.09 percent at September 30, 2007 and 1.35 percent at June 30, 2008.

Nonperforming assets at September 30, 2008 were $875 million, or 1.16 percent of total loans and foreclosed assets, compared with ratios of .46 percent at September 30, 2007 and 1.00 percent at June 30, 2008. Nonperforming assets increased $574 million compared with the balance a year ago and $142 million compared with June 30, 2008. The increases resulted primarily from higher nonaccrual residential real estate development loans and loans in related sectors. Nonperforming assets to total assets were .60 percent at September 30, 2008 compared with .23 percent at September 30, 2007 and .51 percent at June 30, 2008. The allowance for loan and lease losses to nonperforming loans was 125 percent at September 30, 2008, 274 percent at September 30, 2007 and 142 percent at June 30, 2008.

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PNC Earns $248 Million and $.71 Diluted EPS in Third Quarter – Page 6

ASSET QUALITY REVIEW

Overall asset quality at PNC performed as expected in the challenging credit environment and remained at a manageable level. The company continued to focus on maintaining a moderate risk profile. The provision for credit losses for the second quarter of 2008 was $186 million compared with $54 million in the second quarter of 2007 and $151 million in the first quarter of 2008. The increase in the provision compared with the linked quarter was primarily attributable to general credit quality migration, including residential real estate development exposure in the commercial real estate portfolio and related sectors, and growth in total credit exposure.

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PNC Earns $505 Million and $1.45 Diluted EPS in Second Quarter – Page 5

Net charge-offs for the second quarter of 2008 were $112 million, or .62 percent of average loans, compared with net charge-offs of $32 million, or .20 percent, for the second quarter of 2007 and net charge-offs of $98 million, or .57 percent, for the first quarter of 2008. The increases in net charge-offs were primarily due to commercial loans in the prior year second quarter comparison and commercial real estate and consumer loans in both periods of comparison.

The allowance for loan and lease losses to total loans improved to 1.35 percent at June 30, 2008 from 1.09 percent at June 30, 2007 and 1.22 percent at March 31, 2008.

Nonperforming assets at June 30, 2008 were $733 million, or 1.00 percent of total loans and foreclosed assets, compared with ratios of .40 percent at June 30, 2007 and .87 percent at March 31, 2008. Nonperforming assets increased $473 million compared with the balance a year ago and $118 million compared with March 31, 2008. The increases were primarily due to higher nonaccrual residential real estate development loans. Nonperforming assets to total assets were .51 percent at June 30, 2008 compared with .21 percent at June 30, 2007 and .44 percent at March 31, 2008. The allowance for loan and lease losses to nonperforming loans was 142 percent at June 30, 2008, 303 percent at June 30, 2007 and 151 percent at March 31, 2008.

ASSET QUALITY REVIEW

Overall asset quality at PNC performed as anticipated in the challenging credit environment and the company remained focused on maintaining a moderate risk profile. The provision for credit losses for the first quarter of 2008 was $151 million compared with $8 million in the first quarter of 2007 and $188 million in the fourth quarter of 2007. The decrease in the provision compared with the linked quarter was primarily attributable to a $45 million provision-related pretax charge in the fourth quarter of 2007 associated with the Yardville acquisition.

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PNC Reports First Quarter Net Income of $377 Million and $1.09 Diluted EPS – Page 5

Net charge-offs for the first quarter of 2008 were $98 million, or .57 percent of average loans, compared with net charge-offs of $36 million, or .27 percent, for the first quarter of 2007 and net charge-offs of $83 million, or .49 percent, for the fourth quarter of 2007. The increase in net charge-offs compared with the linked quarter was mainly due to aligning small business and consumer loan charge-off policies.

Nonperforming assets at March 31, 2008 were $587 million, or .83 percent of total loans and foreclosed assets, compared with ratios of .32 percent at March 31, 2007 and .70 percent at December 31, 2007. Nonperforming assets increased $383 million compared with the balance a year ago and $109 million compared with December 31, 2007. The increases over the prior quarters were due to higher nonaccrual commercial real estate related loans and higher nonaccrual residential real estate development loans partially offset by the impact of aligning small business and consumer loan charge-off policies. The allowance for loan and lease losses to nonperforming loans was 159 percent at March 31, 2008, 388 percent at March 31, 2007 and 190 percent at December 31, 2007.

ASSET QUALITY REVIEW

Overall asset quality at PNC remained strong as the company continued to focus on maintaining a moderate risk profile. The provision for credit losses for the fourth quarter of 2007 was $188 million, or $143 million on an adjusted basis, compared with $42 million in the fourth quarter of 2006 and $65 million in the third quarter of 2007. The increase in the adjusted provision in the current quarter was primarily due to the real estate portfolio including residential real estate development exposure and growth in total credit exposure. Total residential real estate development outstandings were approximately $2.1 billion at December 31. The adjustment for the fourth quarter of 2007 reflects a provision-related pretax charge of $45 million associated with the Yardville transaction.

Net charge-offs for the fourth quarter of 2007 were $83 million, or .49 percent of average loans, compared with net charge-offs of $45 million, or .36 percent, for the fourth quarter of 2006 and net charge-offs of $49 million, or .30 percent, for the third quarter of 2007. The increase in net charge-offs compared with the linked quarter related to commercial, commercial real estate and consumer loans.

Nonperforming assets at December 31, 2007 were $478 million, or .70 percent of total loans and foreclosed assets, compared with ratios of .34 percent at December 31, 2006 and .43 percent at September 30, 2007. Nonperforming assets increased $307 million compared with the balance a year ago and $192 million compared with September 30, 2007. The increases over the prior quarters were due to higher nonaccrual commercial real estate loans primarily related to residential real estate development exposure. The allowance for loan and lease losses to nonperforming loans was 190 percent at December 31, 2007.

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PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of $1.7 Billion - Page 9

ASSET QUALITY REVIEW

Overall asset quality at PNC remained strong despite the challenging credit environment and the company continued to focus on maintaining a moderate risk profile. The provision for credit losses for the third quarter of 2007 was $65 million compared with $16 million in the third quarter of 2006 and $54 million in the second quarter of 2007. The provision in the current quarter was primarily due to growth in total credit exposure and modest credit quality migration.

Net charge-offs for the third quarter of 2007 were $49 million, or .30 percent of average loans, compared with net charge-offs of $47 million, or .37 percent, for the third quarter of 2006 and net charge-offs of $32 million, or .20 percent, for the second quarter of 2007. The increase in net charge-offs compared with the linked quarter related to commercial loans.

Nonperforming assets at September 30, 2007 were $286 million, or .43 percent of total loans and foreclosed assets. Nonperforming assets increased $95 million compared with the balance at September 30, 2006 and $40 million compared with June 30, 2007. The increase over the prior year quarter was due to higher nonaccrual commercial loans and higher nonaccrual commercial real estate loans primarily related to Mercantile.

ASSET QUALITY REVIEW

Overall asset quality at PNC continued to be strong in the challenging credit environment and the company remained focused on maintaining a moderate risk profile. The provision for credit losses for the second quarter of 2007 was $54 million compared with $44 million in the second quarter of 2006 and $8 million in the first quarter of 2007. The provision in the current quarter was primarily due to net charge-offs and growth in total credit exposure.

Net charge-offs for the second quarter of 2007 were $32 million, or .20 percent of average loans, compared with net charge-offs of $30 million, or .24 percent, for the second quarter of 2006 and net charge-offs of $36 million, or .27 percent, for the linked quarter.

Nonperforming assets at June 30, 2007 were $246 million, an increase of $15 million, or 6 percent, compared with the balance at June 30, 2006 and an increase of $42 million, or 21 percent, compared with March 31, 2007. Nonperforming assets increased over the quarters of comparison largely due to higher commercial real estate nonaccrual loans primarily related to Mercantile.

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PNC Reports Second Quarter Net Income of $423 Million and EPS of $1.22 – Page 9

ASSET QUALITY REVIEW

Overall asset quality remained very strong as the company continued to focus on lending that meets prudent risk-adjusted parameters. The provision for credit losses for the first quarter of 2007 was $8 million, compared with $22 million in the first quarter of 2006 and $42 million in the fourth quarter of 2006. The decrease in the provision compared with the quarters of comparison was primarily the result of improving asset quality.

Net charge-offs for the first quarter of 2007 were $36 million, or .27 percent of average loans, compared with net charge-offs of $18 million, or .15 percent, for the first quarter of 2006 and net charge-offs of $45 million, or .36 percent, for the linked quarter.

Nonperforming assets at March 31, 2007 decreased $2 million, or 1 percent, compared with the balance at March 31, 2006 and increased $33 million, or 19 percent, compared with December 31, 2006. The acquisition of Mercantile added $35 million of nonperforming assets as of March 31, 2007.

ASSET QUALITY REVIEW

Overall asset quality remained very strong as the company continued to focus on lending that meets prudent risk-reward parameters. The provision for credit losses for the fourth quarter of 2006 was $42 million, compared with $24 million in the fourth quarter of 2005 and $16 million in the third quarter of 2006. The increase in the provision compared with the linked quarter was primarily due to growth in the loan portfolio.

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PNC 2006 Diluted EPS of $8.73 Sets All-Time Record – Page 9

Net charge-offs for the fourth quarter of 2006 were $45 million, or .36 percent of average loans, compared with net charge-offs of $41 million, or .33 percent, for the fourth quarter of 2005 and net charge-offs of $47 million, or .37 percent, for the linked quarter.

Nonperforming assets at December 31, 2006 declined 21 percent compared with the balances at December 31, 2005 and 10 percent compared with September 30, 2006.

ASSET QUALITY REVIEW

Overall asset quality remained very strong as the company continued to focus on lending that meets prudent risk-reward parameters. The provision for credit losses for both the third quarter of 2006 and 2005 was $16 million and was $44 million for the second quarter of 2006. The decrease in the provision compared with the linked quarter was primarily due to improved asset quality. Nonperforming assets were $191 million, a decrease of $40 million compared with the prior period.

Net charge-offs were $47 million, or .37 percent of average loans, for the quarter compared with net charge-offs of $15 million in the third quarter of 2005 and net charge-offs of $30 million in the linked quarter. The increase in net charge-offs compared with the third quarter of 2005 and the second quarter of 2006 was the result of a single large overdraft from the second quarter of 2006. The overdraft is now fully charged-off.

ASSET QUALITY REVIEW

Overall asset quality remained very strong as the company continued to focus on lending that meets prudent risk-reward parameters. The provision for credit losses for the quarter was $44 million, compared with a net credit of $27 million in the second quarter of the prior year and a provision of $22 million in the first quarter of 2006. The increase in the provision compared with the second quarter of 2005 was primarily attributable to a $53 million loan recovery in the second quarter of the prior year. The increase compared with the linked quarter was largely a result of increased loans.

Net charge-offs were $30 million, or .24 percent of average loans, for the quarter, compared with net recoveries of $38 million in the second quarter of 2005 and net charge-offs of $18 million in the linked quarter. The $53 million loan recovery referred to above was reflected in the net recoveries for the second quarter of 2005.

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PNC Reports Record Net Income of $381 Million – Page 8