PNC » Topics » Fair Value Measurements - Nonrecurring

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

Fair Value Measurements – Nonrecurring

 

In millions   

December 31,
2008

Total Fair
Value (a)

   Total
losses for
year ended
December 31,
2008
 

Assets

         

Nonaccrual loans

   $ 250    $ (99 )

Loans held for sale

     101      (2 )

Equity investment

     75      (73 )

Commercial mortgage servicing rights

     560      (35 )

Total assets

   $ 986    $ (209 )
(a) All Level 3.

 

This excerpt taken from the PNC 10-Q filed Aug 8, 2008.

Fair Value Measurements – Nonrecurring

 

     June 30, 2008    Total losses for
three months ended
June 30, 2008
    Total losses for
six months ended
June 30, 2008
 
In millions    Level 1    Level 2    Level 3    Total Fair Value     

Assets

                  

Nonaccrual loans

         $ 98    $ 98      $ (26 )

Loans held for sale

      $ 2      114      116        (8 )

Equity investment

                 74      74    $ (26 )     (26 )

Total assets

        $ 2    $ 286    $ 288    $ (26 )   $ (60 )

 

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

Fair Value Measurements – Nonrecurring

 

     March 31, 2008    Total losses for
three months ended
March 31, 2008
 
In millions    Level 1    Level 2    Level 3    Total Fair Value   

Assets

                

Nonaccrual loans

      $ 8    $ 174    $ 182    $ (26 )

Loans held for sale

          4      101      105      (8 )

Total assets

        $ 12    $ 275    $ 287    $ (34 )

 

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