Change in Allowance for Unfunded Loan Commitments and Letters of Credit for PNC FINANCIAL SERVICES GROUP INC (PNC)

close
close
close
close

Send us Feedback

PNC Financial Services (PNC)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

PNC » Topics » Change in Allowance for Unfunded Loan Commitments and Letters of Credit

This excerpt taken from the PNC 8-K filed Oct 22, 2009.

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


Three months ended - in millions		September 30 2009			June 30 2009				March 31 2009				December 31 2008			September 30 2008
Beginning balance		$	319		$	328			$	344			$	127		$	124
Acquired allowance - National City														74
Net change in allowance for unfunded loan commitments and letters of credit			5			(9	)			(16	)			143			3
Ending balance		$	324		$	319			$	328			$	344		$	127

Net Unfunded Commitments In millions		September 30 2009 (c)			June 30 2009 (c)				March 31 2009 (c)				December 31 2008 (c)			September 30 2008
Net unfunded commitments		$	102,770		$	103,058			$	102,821			$	104,888		$	57,094

(c)	Includes the impact of National City, which we acquired on December 31, 2008.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 9

Details of Nonperforming Assets (Unaudited)

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

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended - in millions*		June 30 2009				March 31 2009				December 31 2008			September 30 2008			June 30 2008
Beginning balance		$	328			$	344			$	127		$	124		$	152
Acquired allowance - National City and Sterling											74						1
Net change in allowance for unfunded loan commitments and letters of credit			(9	)			(16	)			143			3			(29	)

Ending balance		$	319			$	328			$	344		$	127		$	124

Net Unfunded Commitments

*In millions*		June 30 2009 (c)				March 31 2009 (c)				December 31 2008 (c)			September 30 2008			June 30 2008
Net unfunded commitments		$	103,058			$	102,821			$	104,888		$	57,094		$	51,558

(c)	Includes the impact of National City, which we acquired on December 31, 2008.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 11
Details of Nonperforming Assets (Unaudited)

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

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended—in millions*		March 31 2009				December 31 2008			September 30 2008			June 30 2008				March 31 2008
Beginning balance		$	344			$	127		$	124		$	152			$	134
Acquired allowance—National City and Sterling							74						1
Net change in allowance for unfunded loan commitments and letters of credit			(16	)			143			3			(29	)			18

Ending balance		$	328			$	344		$	127		$	124			$	152


Net Unfunded Commitments
*In millions*		March 31 2009 (c)				December 31 2008 (c)			September 30 2008			June 30 2008				March 31 2008
Net unfunded commitments		$	102,821			$	104,888		$	57,094		$	51,558			$	52,426

(c)	Includes the impact of National City, which we acquired on December 31, 2008.

Page 8

THE PNC FINANCIAL SERVICES GROUP, INC.

This excerpt taken from the PNC 8-K filed Feb 3, 2009.

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended - in millions*		December 31 2008			September 30 2008			June 30 2008				March 31 2008			December 31 2007
Beginning balance		$	127		$	124		$	152			$	134		$	127
Acquired allowance - National City and Sterling			74						1
Net change in allowance for unfunded loan commitments and letters of credit			143			3			(29	)			18			7

Ending balance		$	344		$	127		$	124			$	152		$	134


Net Unfunded Commitments *In millions*		December 31 2008 (d)			September 30 2008			June 30 2008				March 31 2008			December 31 2007
Net unfunded commitments		$	104,029		$	57,094		$	51,558			$	52,426		$	53,347

(d)	Amount at December 31, 2008 included $53 billion of net unfunded commitments related to National City.

Page 10

THE PNC FINANCIAL SERVICES GROUP, INC.

This excerpt taken from the PNC 8-K filed Oct 16, 2008.

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended - in millions*		September 30 2008			June 30 2008				March 31 2008			December 31 2007			September 30 2007
Beginning balance		$	124		$	152			$	134		$	127		$	125
Acquired allowance - Sterling						1
Net change in allowance for unfunded loan commitments and letters of credit			3			(29	)			18			7			2

Ending balance		$	127		$	124			$	152		$	134		$	127


Net Unfunded Commitments *In millions*		September 30 2008			June 30 2008				March 31 2008			December 31 2007			September 30 2007
Net unfunded commitments		$	57,094		$	51,558			$	52,426		$	53,347		$	52,590

Page 8

THE PNC FINANCIAL SERVICES GROUP, INC.

This excerpt taken from the PNC 8-K filed Jul 17, 2008.

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended - in millions*		June 30 2008				March 31 2008			December 31 2007			September 30 2007			June 30 2007
Beginning balance		$	152			$	134		$	127		$	125		$	121
Acquired allowance - Sterling			1
Net change in allowance for unfunded loan commitments and letters of credit			(29	)			18			7			2			4

Ending balance		$	124			$	152		$	134		$	127		$	125


Net Unfunded Commitments

*In millions*		June 30 2008				March 31 2008			December 31 2007			September 30 2007			June 30 2007
Net unfunded commitments		$	51,533			$	52,426		$	53,347		$	52,590		$	50,678

Page 8

THE PNC FINANCIAL SERVICES GROUP, INC.

This excerpt taken from the PNC 8-K filed Jan 17, 2008.

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended - in millions*		December 31 2007			September 30 2007			June 30 2007			March 31 2007				December 31 2006
Beginning balance		$	127		$	125		$	121		$	120			$	117
Acquired allowance - Mercantile												17
Net change in allowance for unfunded loan commitments and letters of credit			7			2			4			(16	)			3

Ending balance		$	134		$	127		$	125		$	121			$	120


*In millions*		December 31 2007			September 30 2007			June 30 2007			March 31 2007				December 31 2006
Net Unfunded Commitments
Net unfunded commitments		$	53,365		$	52,590		$	50,678		$	49,263			$	44,835

Page 16

THE PNC FINANCIAL SERVICES GROUP, INC.

EXCERPTS ON THIS PAGE:

8-K	Oct 22, 2009

8-K	Jul 23, 2009

8-K	Apr 23, 2009

8-K	Feb 3, 2009

8-K	Oct 16, 2008

8-K	Jul 17, 2008

8-K	Jan 17, 2008

RELATED TOPICS for PNC:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

About | Blog | Press | Feedback | Help | Get involved

Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs