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PNC » Topics » R ECONCILIATIONS OF N ON -GAAP R ATIOS AT D ECEMBER 31, 2008

This excerpt taken from the PNC 10-K filed Mar 2, 2009.

RECONCILIATIONS OF NON-GAAP RATIOS AT DECEMBER 31, 2008

 

Allowance for loan and lease losses to nonperforming loans

     

GAAP basis

    236 %  

PNC, excluding the impact of National City

    95 %  

 

In millions      

PNC consolidated allowance for loan and lease losses (GAAP)

    $ 3,917

Less: National City acquired allowance

      2,224

Less: Conforming provision for credit losses

      504

Add: National City amount transferred to allowance for unfunded loan commitments and letters of credit

      154

PNC allowance for loan and lease losses, excluding the impact of National City

    $ 1,343

PNC consolidated nonperforming loans (GAAP)

    $ 1,662

Less: National City nonperforming loans

      250

PNC nonperforming loans, excluding the impact of National City

    $ 1,412

 

Allowance for loan and lease losses to total loans

     

GAAP basis

    2.23 %  

PNC, excluding the impact of National City

    1.77 %  

 

In millions      

PNC consolidated allowance for loan and lease losses (GAAP)

    $ 3,917

Less: National City acquired allowance

      2,224

Less: Conforming provision for credit losses

      504

Add: National City amount transferred to allowance for unfunded loan commitments and letters of credit

      154

PNC allowance for loan and lease losses, excluding the impact of National City

    $ 1,343

PNC consolidated total loans (GAAP)

    $ 175,489

Less: National City total loans

      99,659

PNC total loans, excluding the impact of National City

    $ 75,830

PNC acquired National City on December 31, 2008. We believe that the disclosure of these ratios excluding the impact of National City provides additional meaningful information regarding the allowance for loan and lease losses at that date and the impact of National City on these ratios.

 

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