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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Fair Value Option – Fair Value and Principal Balances
Fair values and aggregate unpaid principal balances of items for which we elected the fair value option are as follows:
Table 82: Fair Value Option – Fair Value and Principal Balances
| December 31, 2023 · December 31, 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| In millions · Fair Value · Aggregate Unpaid Principal Balance · Difference · Fair Value · Aggregate Unpaid Principal Balance · Difference | |||||||||
| Assets | |||||||||
| Residential mortgage loans held for sale | |||||||||
| Accruing loans less than 90 days past due | $432 | $429 | $3 | $609 | $633 | $(24) | |||
| Accruing loans 90 days or more past due | 6 | 6 | 5 | 5 | |||||
| Nonaccrual loans | 36 | 43 | (7) | 40 | 49 | (9) | |||
| Total | $474 | $478 | $(4) | $654 | $687 | $(33) | |||
| Commercial mortgage loans held for sale (a) | |||||||||
| Accruing loans less than 90 days past due | $238 | $228 | $10 | $261 | $256 | $5 | |||
| Nonaccrual loans | 15 | 44 | (29) | ||||||
| Total | $238 | $228 | $10 | $276 | $300 | $(24) | |||
| Loans | |||||||||
| Accruing loans less than 90 days past due | $507 | $520 | $(13) | $509 | $521 | $(12) | |||
| Accruing loans 90 days or more past due | 146 | 156 | (10) | 155 | 167 | (12) | |||
| Nonaccrual loans | 585 | 793 | (208) | 646 | 880 | (234) | |||
| Total | $1,238 | $1,469 | $(231) | $1,310 | $1,568 | $(258) | |||
| Other assets | $85 | $69 | $16 | $80 | $80 | ||||
| Liabilities | |||||||||
| Other borrowed funds | $39 | $40 | $(1) | $31 | $32 | $(1) | |||
| Other liabilities | $124 | $124 | $196 | $196 | |||||
(a)There were no accruing loans 90 days or more past due within this category at December 31, 2023 or December 31, 2022.
The changes in fair value for items for which we elected the fair value option are as follows:
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