Exhibit 99.1
The PNC Financial Services Group, Inc.
Previously reported business segment financial information changed to reflect the new reporting structure for Consumer Banking and Institutional Banking
Page | ||
Results of Businesses - Summary and Reconcilation to Total Consolidated Results | ||
Three months ended June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004 | 1 | |
Nine months ended September 30, 2004, six months ended June 30, 2005 and 2004, and full year 2004 and 2003 | 2 | |
Consumer Banking | ||
Three months ended June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004 | 3 | |
Nine months ended September 30, 2004, six months ended June 30, 2005 and 2004, and full year 2004 and 2003 | 4 | |
Institutional Banking | ||
Three months ended June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004 | 5 | |
Nine months ended September 30, 2004, six months ended June 30, 2005 and 2004, and full year 2004 and 2003 | 6 |
THE PNC FINANCIAL SERVICES GROUP, INC.
Results of Businesses - Summary and Reconciliation to Total Consolidated Results (Unaudited)
Three months ended – dollars in millions
June 30 2005 | March 31 2005 | December 31 2004 | September 30 2004 | June 30 2004 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Consumer Banking | $ | 162 | $ | 149 | $ | 167 | $ | 158 | $ | 152 | ||||||||||
Institutional Banking | 144 | 110 | 108 | 100 | 113 | |||||||||||||||
BlackRock | 53 | 47 | 50 | (10 | ) | 48 | ||||||||||||||
PFPC | 24 | 23 | 20 | 17 | 17 | |||||||||||||||
Total business segment earnings | 383 | 329 | 345 | 265 | 330 | |||||||||||||||
Minority interest in (income) loss of BlackRock | (16 | ) | (14 | ) | (15 | ) | 3 | (14 | ) | |||||||||||
Other | (85 | ) | 39 | (23 | ) | (10 | ) | (12 | ) | |||||||||||
Total consolidated earnings | $ | 282 | $ | 354 | $ | 307 | $ | 258 | $ | 304 | ||||||||||
June 30 2005 | March 31 2005 | December 31 2004 | September 30 2004 | June 30 2004 | ||||||||||||||||
Revenue (a) | ||||||||||||||||||||
Consumer Banking | $ | 708 | $ | 660 | $ | 688 | $ | 674 | $ | 663 | ||||||||||
Institutional Banking | 323 | 312 | 333 | 299 | 322 | |||||||||||||||
BlackRock | 271 | 250 | 188 | 171 | 184 | |||||||||||||||
PFPC | 221 | 230 | 209 | 203 | 199 | |||||||||||||||
Total business segment revenue | 1,523 | 1,452 | 1,418 | 1,347 | 1,368 | |||||||||||||||
Other | (57 | ) | 33 | (5 | ) | (11 | ) | 27 | ||||||||||||
Total consolidated revenue | $ | 1,466 | $ | 1,485 | $ | 1,413 | $ | 1,336 | $ | 1,395 | ||||||||||
(a) | Business segment revenue is presented on a taxable-equivalent basis except for BlackRock and PFPC. BlackRock began reporting revenue on a taxable-equivalent basis in the third quarter of 2004. PFPC revenue for all periods and second quarter 2004 BlackRock revenue is presented on a book (GAAP) basis. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than a taxable investment. To provide more meaningful comparisons of yields and margins for all earning assets, we have increased the interest income earned on tax-exempt assets to make them fully equivalent to other taxable interest income investments. The following is a reconciliation of total consolidated revenue on a book (GAAP) basis to total consolidated revenue on a taxable-equivalent basis (in millions): |
June 30 2005 | March 31 2005 | December 31 2004 | September 30 2004 | June 30 2004 | |||||||||||
Total consolidated revenue, book (GAAP) basis | $ | 1,459 | $ | 1,479 | $ | 1,407 | $ | 1,329 | $ | 1,391 | |||||
Taxable-equivalent adjustment | 7 | 6 | 6 | 7 | 4 | ||||||||||
Total consolidated revenue, taxable-equivalent basis | $ | 1,466 | $ | 1,485 | $ | 1,413 | $ | 1,336 | $ | 1,395 | |||||
Page 1
THE PNC FINANCIAL SERVICES GROUP, INC.
Results of Businesses - Summary and Reconciliation to Total Consolidated Results(Unaudited)
Dollars in millions | Nine months ended Sept 30, 2004 | Six months ended June 30, 2005 | Six months ended June 30, 2004 | Full Year 2004 | Full Year 2003 | |||||||||||||||
Earnings | ||||||||||||||||||||
Consumer Banking | $ | 443 | $ | 311 | $ | 285 | $ | 610 | $ | 566 | ||||||||||
Institutional Banking | 335 | 254 | 235 | 443 | 391 | |||||||||||||||
BlackRock | 93 | 100 | 103 | 143 | 155 | |||||||||||||||
PFPC | 50 | 47 | 33 | 70 | 64 | |||||||||||||||
Total business segment earnings | 921 | 712 | 656 | 1,266 | 1,176 | |||||||||||||||
Minority interest in (income) loss of BlackRock | (27 | ) | (30 | ) | (30 | ) | (42 | ) | (47 | ) | ||||||||||
Other | (4 | ) | (46 | ) | 6 | (27 | ) | (100 | ) | |||||||||||
Cumulative effect of accounting change | (28 | ) | ||||||||||||||||||
Total consolidated earnings | $ | 890 | $ | 636 | $ | 632 | $ | 1,197 | $ | 1,001 | ||||||||||
Nine months ended Sept 30, 2004 | Six months ended June 30, 2005 | Six months ended June 30, 2004 | Full Year 2004 | Full Year 2003 | ||||||||||||||||
Revenue (a) | ||||||||||||||||||||
Consumer Banking | $ | 2,006 | $ | 1,368 | $ | 1,332 | $ | 2,694 | $ | 2,507 | ||||||||||
Institutional Banking | 938 | 635 | 639 | 1,271 | 1,282 | |||||||||||||||
BlackRock | 537 | 521 | 366 | 725 | 598 | |||||||||||||||
PFPC | 605 | 451 | 402 | 814 | 762 | |||||||||||||||
Total business segment revenue | 4,086 | 2,975 | 2,739 | 5,504 | 5,149 | |||||||||||||||
Other | 53 | (24 | ) | 64 | 48 | 114 | ||||||||||||||
Total consolidated revenue | $ | 4,139 | $ | 2,951 | $ | 2,803 | $ | 5,552 | $ | 5,263 | ||||||||||
(a) | Business segment revenue is presented on a taxable-equivalent basis except for BlackRock and PFPC. BlackRock began reporting revenue on a taxable-equivalent basis in the third quarter of 2004. PFPC revenue for all periods and six months ended 2004 and full year 2003 BlackRock revenue is presented on a book (GAAP) basis. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than a taxable investment. To provide more meaningful comparisons of yields and margins for all earning assets, we have increased the interest income earned on tax-exempt assets to make them fully equivalent to other taxable interest income investments. The following is a reconciliation of total consolidated revenue on a book (GAAP) basis to total consolidated revenue on a taxable-equivalent basis (in millions): |
Nine months ended Sept 30, 2004 | Six months ended June 30, 2005 | Six months ended June 30, 2004 | Full Year 2004 | Full Year 2003 | |||||||||||
Total consolidated revenue, book (GAAP) basis | $ | 4,125 | $ | 2,938 | $ | 2,796 | $ | 5,532 | $ | 5,253 | |||||
Taxable-equivalent adjustment | 14 | 13 | 7 | 20 | 10 | ||||||||||
Total consolidated revenue, taxable-equivalent basis | $ | 4,139 | $ | 2,951 | $ | 2,803 | $ | 5,552 | $ | 5,263 | |||||
Page 2
THE PNC FINANCIAL SERVICES GROUP, INC.
Consumer Banking(Unaudited)
Three months ended Taxable-equivalent basis * Dollars in millions | June 30 2005 | March 31 2005 | December 31 2004 | September 30 2004 | June 30 2004 | |||||||||||||||
INCOME STATEMENT | ||||||||||||||||||||
Net interest income | $ | 395 | $ | 369 | $ | 373 | $ | 371 | $ | 367 | ||||||||||
Noninterest income | ||||||||||||||||||||
Asset management | 83 | 81 | 79 | 77 | 79 | |||||||||||||||
Service charges on deposits | 65 | 57 | 62 | 63 | 61 | |||||||||||||||
Brokerage fees | 56 | 53 | 52 | 51 | 55 | |||||||||||||||
Other | 109 | 100 | 122 | 112 | 101 | |||||||||||||||
Total noninterest income | 313 | 291 | 315 | 303 | 296 | |||||||||||||||
Total revenue | 708 | 660 | 688 | 674 | 663 | |||||||||||||||
Provision for credit losses | 15 | 14 | 13 | 14 | 4 | |||||||||||||||
Noninterest expense | ||||||||||||||||||||
Compensation and employee benefits | 211 | 201 | 209 | 200 | 199 | |||||||||||||||
Net occupancy and equipment | 79 | 76 | 74 | 75 | 77 | |||||||||||||||
Other | 144 | 132 | 129 | 135 | 143 | |||||||||||||||
Total noninterest expense | 434 | 409 | 412 | 410 | 419 | |||||||||||||||
Pretax earnings | 259 | 237 | 263 | 250 | 240 | |||||||||||||||
Income taxes | 97 | 88 | 96 | 92 | 88 | |||||||||||||||
Earnings | $ | 162 | $ | 149 | $ | 167 | $ | 158 | $ | 152 | ||||||||||
AVERAGE BALANCE SHEET | ||||||||||||||||||||
Loans | ||||||||||||||||||||
Consumer | ||||||||||||||||||||
Home equity | $ | 13,267 | $ | 12,803 | $ | 12,562 | $ | 12,163 | $ | 11,545 | ||||||||||
Indirect | 917 | 892 | 881 | 879 | 836 | |||||||||||||||
Other consumer | 1,171 | 1,141 | 1,194 | 1,202 | 1,197 | |||||||||||||||
Total consumer | 15,355 | 14,836 | 14,637 | 14,244 | 13,578 | |||||||||||||||
Commercial | 5,033 | 4,821 | 4,631 | 4,552 | 4,388 | |||||||||||||||
Floor plan | 1,050 | 1,013 | 961 | 929 | 1,037 | |||||||||||||||
Residential mortgage | 1,326 | 776 | 817 | 856 | 914 | |||||||||||||||
Other | 269 | 280 | 284 | 289 | 298 | |||||||||||||||
Total loans | 23,033 | 21,726 | 21,330 | 20,870 | 20,215 | |||||||||||||||
Goodwill | 1,248 | 1,144 | 1,153 | 1,158 | 1,159 | |||||||||||||||
Loans held for sale | 1,455 | 1,345 | 1,221 | 1,238 | 1,156 | |||||||||||||||
Other assets | 1,710 | 1,634 | 1,710 | 1,688 | 1,838 | |||||||||||||||
Total assets | $ | 27,446 | $ | 25,849 | $ | 25,414 | $ | 24,954 | $ | 24,368 | ||||||||||
Deposits | ||||||||||||||||||||
Noninterest-bearing demand | $ | 7,529 | $ | 7,200 | $ | 7,373 | $ | 7,161 | $ | 6,904 | ||||||||||
Interest-bearing demand | 7,929 | 7,710 | 7,758 | 7,599 | 7,601 | |||||||||||||||
Money market | 13,175 | 12,902 | 12,795 | 13,010 | 13,486 | |||||||||||||||
Total transaction deposits | 28,633 | 27,812 | 27,926 | 27,770 | 27,991 | |||||||||||||||
Savings | 2,712 | 2,766 | 2,762 | 2,686 | 2,573 | |||||||||||||||
Certificates of deposit | 11,107 | 10,171 | 9,634 | 8,991 | 8,548 | |||||||||||||||
Total deposits | 42,452 | 40,749 | 40,322 | 39,447 | 39,112 | |||||||||||||||
Other liabilities | 396 | 408 | 463 | 461 | 495 | |||||||||||||||
Capital | 2,774 | 2,748 | 2,717 | 2,680 | 2,665 | |||||||||||||||
Total funds | $ | 45,622 | $ | 43,905 | $ | 43,502 | $ | 42,588 | $ | 42,272 | ||||||||||
PERFORMANCE RATIOS | ||||||||||||||||||||
Return on capital | 23 | % | 22 | % | 24 | % | 23 | % | 23 | % | ||||||||||
Noninterest income to total revenue | 44 | 44 | 46 | 45 | 45 | |||||||||||||||
Efficiency | 61 | 62 | 60 | 61 | 63 |
* | See note (a) on Page 1. |
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THE PNC FINANCIAL SERVICES GROUP, INC.
Consumer Banking(Unaudited)
Taxable-equivalent basis * Dollars in millions | Nine months ended Sept 30, 2004 | Six months ended June 30, 2005 | Six months ended June 30, 2004 | Full Year 2004 | Full Year 2003 | |||||||||||||||
INCOME STATEMENT | ||||||||||||||||||||
Net interest income | $ | 1,098 | $ | 764 | $ | 727 | $ | 1,471 | $ | 1,330 | ||||||||||
Noninterest income | ||||||||||||||||||||
Asset management | 238 | 164 | 161 | 317 | 313 | |||||||||||||||
Service charges on deposits | 181 | 122 | 118 | 243 | 229 | |||||||||||||||
Brokerage fees | 164 | 109 | 113 | 215 | 198 | |||||||||||||||
Other | 325 | 209 | 213 | 448 | 437 | |||||||||||||||
Total noninterest income | 908 | 604 | 605 | 1,223 | 1,177 | |||||||||||||||
Total revenue | 2,006 | 1,368 | 1,332 | 2,694 | 2,507 | |||||||||||||||
Provision for credit losses | 48 | 29 | 34 | 61 | 43 | |||||||||||||||
Noninterest expense | ||||||||||||||||||||
Compensation and employee benefits | 608 | 412 | 408 | 819 | 775 | |||||||||||||||
Net occupancy and equipment | 231 | 155 | 156 | 306 | 288 | |||||||||||||||
Other | 420 | 276 | 285 | 546 | 511 | |||||||||||||||
Total noninterest expense | 1,259 | 843 | 849 | 1,671 | 1,574 | |||||||||||||||
Pretax earnings | 699 | 496 | 449 | 962 | 890 | |||||||||||||||
Income taxes | 256 | 185 | 164 | 352 | 324 | |||||||||||||||
Earnings | $ | 443 | $ | 311 | $ | 285 | $ | 610 | $ | 566 | ||||||||||
AVERAGE BALANCE SHEET | ||||||||||||||||||||
Loans | ||||||||||||||||||||
Consumer | ||||||||||||||||||||
Home equity | $ | 11,311 | $ | 13,037 | $ | 10,880 | $ | 11,625 | $ | 8,934 | ||||||||||
Indirect | 830 | 904 | 805 | 843 | 477 | |||||||||||||||
Other consumer | 1,243 | 1,156 | 1,263 | 1,231 | 1,178 | |||||||||||||||
Total consumer | 13,384 | 15,097 | 12,948 | 13,699 | 10,589 | |||||||||||||||
Commercial | 4,413 | 4,927 | 4,367 | 4,468 | 3,687 | |||||||||||||||
Floor plan | 974 | 1,031 | 996 | 970 | 844 | |||||||||||||||
Residential mortgage | 913 | 1,053 | 941 | 888 | 710 | |||||||||||||||
Other | 292 | 275 | 272 | 291 | 279 | |||||||||||||||
Total loans | 19,976 | 22,383 | 19,524 | 20,316 | 16,109 | |||||||||||||||
Goodwill | 1,155 | 1,197 | 1,154 | 1,155 | 582 | |||||||||||||||
Loans held for sale | 1,170 | 1,400 | 1,135 | 1,183 | 1,164 | |||||||||||||||
Other assets | 1,887 | 1,672 | 2,078 | 1,842 | 1,608 | |||||||||||||||
Total assets | $ | 24,188 | $ | 26,652 | $ | 23,891 | $ | 24,496 | $ | 19,463 | ||||||||||
Deposits | ||||||||||||||||||||
Noninterest-bearing demand | $ | 6,928 | $ | 7,366 | $ | 6,799 | $ | 7,040 | $ | 6,076 | ||||||||||
Interest-bearing demand | 7,595 | 7,820 | 7,594 | 7,636 | 6,917 | |||||||||||||||
Money market | 13,260 | 13,039 | 13,386 | 13,143 | 13,181 | |||||||||||||||
Total transaction deposits | 27,783 | 28,225 | 27,779 | 27,819 | 26,174 | |||||||||||||||
Savings | 2,598 | 2,738 | 2,552 | 2,640 | 2,044 | |||||||||||||||
Certificates of deposit | 8,742 | 10,642 | 8,616 | 8,966 | 8,704 | |||||||||||||||
Total deposits | 39,123 | 41,605 | 38,947 | 39,425 | 36,922 | |||||||||||||||
Other liabilities | 542 | 402 | 582 | 521 | 427 | |||||||||||||||
Capital | 2,677 | 2,761 | 2,676 | 2,687 | 2,544 | |||||||||||||||
Total funds | $ | 42,342 | $ | 44,768 | $ | 42,205 | $ | 42,633 | $ | 39,893 | ||||||||||
PERFORMANCE RATIOS | ||||||||||||||||||||
Return on capital | 22 | % | 23 | % | 21 | % | 23 | % | 22 | % | ||||||||||
Noninterest income to total revenue | 45 | 44 | 45 | 45 | 47 | |||||||||||||||
Efficiency | 63 | 62 | 64 | 62 | 63 |
* | See note (a) on Page 2. |
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THE PNC FINANCIAL SERVICES GROUP, INC.
Institutional Banking(Unaudited)
Three months ended Taxable-equivalent basis * Dollars in millions | June 30 2005 | March 31 2005 | December 31 2004 | September 30 2004 | June 30 2004 | |||||||||||||||
INCOME STATEMENT | ||||||||||||||||||||
Net interest income | $ | 182 | $ | 176 | $ | 183 | $ | 180 | $ | 171 | ||||||||||
Noninterest income | ||||||||||||||||||||
Net commercial mortgage banking | ||||||||||||||||||||
Net gains on loan sales | 18 | 9 | 20 | 6 | 14 | |||||||||||||||
Servicing and other fees, net of amortization | 15 | 14 | 12 | 12 | 12 | |||||||||||||||
Net gains on institutional loans held for sale | 2 | 2 | 2 | 5 | 17 | |||||||||||||||
Other | 106 | 111 | 116 | 96 | 108 | |||||||||||||||
Noninterest income | 141 | 136 | 150 | 119 | 151 | |||||||||||||||
Total revenue | 323 | 312 | 333 | 299 | 322 | |||||||||||||||
Provision for credit losses | (48 | ) | (4 | ) | 9 | 1 | 8 | |||||||||||||
Noninterest expense | 168 | 167 | 181 | 166 | 162 | |||||||||||||||
Pretax earnings | 203 | 149 | 143 | 132 | 152 | |||||||||||||||
Noncontrolling interests in income of consolidated entities | (11 | ) | (11 | ) | (11 | ) | (12 | ) | (10 | ) | ||||||||||
Income taxes | 70 | 50 | 46 | 44 | 49 | |||||||||||||||
Earnings | $ | 144 | $ | 110 | $ | 108 | $ | 100 | $ | 113 | ||||||||||
AVERAGE BALANCE SHEET | ||||||||||||||||||||
Loans | ||||||||||||||||||||
Corporate banking | $ | 10,940 | $ | 10,417 | $ | 10,139 | $ | 9,776 | $ | 9,669 | ||||||||||
Commercial real estate | 2,139 | 1,807 | 1,824 | 1,902 | 1,934 | |||||||||||||||
Commercial - real estate related | 2,090 | 1,782 | 1,743 | 1,704 | 1,465 | |||||||||||||||
PNC Business Credit | 4,303 | 4,050 | 3,976 | 3,838 | 3,788 | |||||||||||||||
Total loans | 19,472 | 18,056 | 17,682 | 17,220 | 16,856 | |||||||||||||||
Loans held for sale | 694 | 598 | 555 | 349 | 493 | |||||||||||||||
Other assets | 6,014 | 5,430 | 4,514 | 4,010 | 4,640 | |||||||||||||||
Total assets | $ | 26,180 | $ | 24,084 | $ | 22,751 | $ | 21,579 | $ | 21,989 | ||||||||||
Deposits | $ | 9,165 | $ | 8,683 | $ | 8,536 | $ | 7,882 | $ | 6,981 | ||||||||||
Commercial paper | 2,168 | 2,127 | 1,954 | 1,679 | 1,815 | |||||||||||||||
Other liabilities | 4,005 | 3,777 | 3,395 | 2,944 | 3,583 | |||||||||||||||
Capital | 1,671 | 1,692 | 1,590 | 1,586 | 1,659 | |||||||||||||||
Total funds | $ | 17,009 | $ | 16,279 | $ | 15,475 | $ | 14,091 | $ | 14,038 | ||||||||||
PERFORMANCE RATIOS | ||||||||||||||||||||
Return on capital | 35 | % | 26 | % | 27 | % | 25 | % | 27 | % | ||||||||||
Noninterest income to total revenue | 44 | 44 | 45 | 40 | 47 | |||||||||||||||
Efficiency | 52 | 54 | 54 | 56 | 50 |
* | See note (a) on Page 1. |
Page 5
THE PNC FINANCIAL SERVICES GROUP, INC.
Institutional Banking(Unaudited)
Taxable-equivalent basis * Dollars in millions | Nine months ended Sept 30, 2004 | Six months ended June 30, 2005 | Six months ended June 30, 2004 | Full Year 2004 | Full Year 2003 | |||||||||||||||
INCOME STATEMENT | ||||||||||||||||||||
Net interest income | $ | 515 | $ | 358 | $ | 335 | $ | 698 | $ | 680 | ||||||||||
Noninterest income | ||||||||||||||||||||
Net commercial mortgage banking | ||||||||||||||||||||
Net gains on loan sales | 30 | 27 | 24 | 50 | 52 | |||||||||||||||
Servicing and other fees, net of amortization | 35 | 29 | 23 | 47 | 39 | |||||||||||||||
Net gains on institutional loans held for sale | 50 | 4 | 45 | 52 | 69 | |||||||||||||||
Other | 308 | 217 | 212 | 424 | 442 | |||||||||||||||
Noninterest income | 423 | 277 | 304 | 573 | 602 | |||||||||||||||
Total revenue | 938 | 635 | 639 | 1,271 | 1,282 | |||||||||||||||
Provision for credit losses | (4 | ) | (52 | ) | (5 | ) | 5 | 121 | ||||||||||||
Noninterest expense | 490 | 335 | 324 | 671 | 634 | |||||||||||||||
Pretax earnings | 452 | 352 | 320 | 595 | 527 | |||||||||||||||
Noncontrolling interests in income of consolidated entities | (32 | ) | (22 | ) | (20 | ) | (43 | ) | (21 | ) | ||||||||||
Income taxes | 149 | 120 | 105 | 195 | 157 | |||||||||||||||
Earnings | $ | 335 | $ | 254 | $ | 235 | $ | 443 | $ | 391 | ||||||||||
AVERAGE BALANCE SHEET | ||||||||||||||||||||
Loans | ||||||||||||||||||||
Corporate banking | $ | 9,773 | $ | 10,680 | $ | 9,771 | $ | 9,865 | $ | 9,410 | ||||||||||
Commercial real estate | 1,838 | 1,974 | 1,806 | 1,834 | 1,872 | |||||||||||||||
Commercial - real estate related | 1,594 | 1,937 | 1,537 | 1,631 | 1,404 | |||||||||||||||
PNC Business Credit | 3,745 | 4,177 | 3,698 | 3,803 | 3,551 | |||||||||||||||
Total loans | 16,950 | 18,768 | 16,812 | 17,133 | 16,237 | |||||||||||||||
Loans held for sale | 442 | 646 | 489 | 470 | 572 | |||||||||||||||
Other assets | 4,452 | 5,724 | 4,678 | 4,470 | 4,214 | |||||||||||||||
Total assets | $ | 21,844 | $ | 25,138 | $ | 21,979 | $ | 22,073 | $ | 21,023 | ||||||||||
Deposits | $ | 7,188 | $ | 8,925 | $ | 6,837 | $ | 7,527 | $ | 6,354 | ||||||||||
Commercial paper | 1,868 | 2,148 | 1,963 | 1,889 | 1,232 | |||||||||||||||
Other liabilities | 3,444 | 3,892 | 3,698 | 3,433 | 3,250 | |||||||||||||||
Capital | 1,700 | 1,681 | 1,757 | 1,672 | 1,994 | |||||||||||||||
Total funds | $ | 14,200 | $ | 16,646 | $ | 14,255 | $ | 14,521 | $ | 12,830 | ||||||||||
PERFORMANCE RATIOS | ||||||||||||||||||||
Return on capital | 26 | % | 30 | % | 27 | % | 26 | % | 20 | % | ||||||||||
Noninterest income to total revenue | 45 | 44 | 48 | 45 | 47 | |||||||||||||||
Efficiency | 52 | 53 | 51 | 53 | 49 |
* | See note (a) on Page 2. |
Page 6