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PNC » Topics » Changes In Nonperforming Assets

This excerpt taken from the PNC 10-Q filed Nov 6, 2008.

Changes In Nonperforming Assets

 

In millions    2008     2007  

January 1

    $ 495     $ 184  

Transferred from accrual

      989       311  

Acquisition (a)

      9       35  

Charge-offs and valuation adjustments

      (307 )     (94 )

Principal activity including payoffs

      (220 )     (115 )

Returned to performing

      (77 )     (13 )

Asset sales

      (14 )     (7 )

September 30

    $ 875     $ 301  
(a) Sterling in 2008 and Mercantile in 2007.
This excerpt taken from the PNC 10-Q filed Aug 8, 2008.

Changes In Nonperforming Assets

 

In millions    2008     2007  

January 1

    $ 495     $ 184  

Transferred from accrual

      602       195  

Acquisition (a)

      9       35  

Charge-offs and valuation adjustments

      (185 )     (51 )

Principal activity including payoffs

      (153 )     (90 )

Returned to performing

      (31 )     (9 )

Asset sales

      (4 )     (4 )

June 30

    $ 733     $ 260  
(a) Sterling in 2008 and Mercantile in 2007.

In the first quarter of 2008, we more closely aligned our charge-off policies for consumer and small business loans, which had the effect of reducing nonperforming assets by $44 million in that period.

This excerpt taken from the PNC 10-Q filed May 12, 2008.

Changes In Nonperforming Assets

 

In millions    2008     2007  

January 1

    $ 478     $ 171  

Transferred from accrual

      274       76  

Acquisition – Mercantile

        35  

Principal activity including payoffs

      (46 )     (49 )

Charge-offs and valuation adjustments

      (87 )     (22 )

Returned to performing

      (30 )     (4 )

Asset sales

      (2 )     (3 )

March 31

    $ 587     $ 204  

In the first quarter of 2008, we more closely aligned our charge-off policies for consumer and small business loans, which had the effect of reducing nonperforming assets by $44 million during the first quarter of 2008.

EXCERPTS ON THIS PAGE:

10-Q
Nov 6, 2008
10-Q
Aug 8, 2008
10-Q
May 12, 2008

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