PNC FINANCIAL SERVICES GROUP INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Delinquency Status of FDMs
After we modify a loan, we continue to track its performance under its most recent modified terms. The following table presents the performance, as of December 31, 2023, of FDMs granted during the twelve months ended December 31, 2023:
Table 47: Delinquency Status of FDMs (a)
| Year ended December 31, 2023Dollars in millions | Current or Less Than 30 Days Past Due | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days or More Past Due | NonperformingLoans | Total |
|---|---|---|---|---|---|---|
| Commercial | ||||||
| Commercial and industrial | $828 | $14 | $257 | $1,099 | ||
| Commercial real estate | 863 | 104 | 967 | |||
| Total commercial | 1,691 | 14 | 361 | 2,066 | ||
| Consumer | ||||||
| Residential real estate | 15 | 1 | 93 | 109 | ||
| Home equity | 4 | 27 | 31 | |||
| Credit card | 41 | 5 | $4 | $7 | 1 | 58 |
| Education | 5 | 5 | ||||
| Other consumer | 1 | 1 | ||||
| Total consumer | 65 | 6 | 4 | 7 | 122 | 204 |
| Total | $1,756 | $20 | $4 | $7 | $483 | $2,270 |
(a)Represents amortized cost basis.
We generally consider FDMs to have subsequently defaulted when they become 60 days past due after the most recent date the loan was modified. The following table presents loans that were both (i) classified as FDMs, and (ii) subsequently defaulted during the period.
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