Huntington National Bank 2005 Annual Report Download - page 67

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 22 — Deposit Composition
At December 31,
(in millions of dollars) 2005 2004 2003 2002 2001
By Type
Demand deposits — non-interest bearing $ 3,390 15.1% $ 3,392 16.3% $ 2,987 16.2% $ 3,058 17.5% $ 3,607 17.9%
Demand deposits — interest bearing 7,380 32.9 7,786 37.5 6,411 34.7 5,390 30.8 5,752 28.5
Savings and other domestic time deposits 3,094 13.8 3,503 16.9 3,591 19.4 3,546 20.3 4,362 21.6
Certificates of deposit less than $100,000 3,526 15.7 2,467 11.9 2,462 13.3 3,261 18.6 4,970 24.6
Total core deposits 17,390 77.5 17,148 82.6 15,451 83.6 15,255 87.2 18,691 92.6
Domestic time deposits of $100,000 or more 1,349 6.0 1,082 5.2 789 4.3 732 4.2 1,131 5.6
Brokered deposits and negotiable CDs 3,200 14.3 2,097 10.1 1,772 9.6 1,093 6.2 140 0.7
Deposits in foreign offices 471 2.2 441 2.1 475 2.5 419 2.4 225 1.1
Total deposits $ 22,410 100.0% $20,768 100.0% $18,487 100.0% $17,499 100.0% $20,187 100.0%
Total core deposits:
Commercial $ 5,352 30.8% $ 5,294 30.9% $ 4,255 27.5% $ 3,981 26.1% $ 4,192 22.4%
Personal 12,038 69.2 11,854 69.1 11,196 72.5 11,274 73.9 14,499 77.6
Total core deposits $ 17,390 100.0% $17,148 100.0% $15,451 100.0% $15,255 100.0% $18,691 100.0%
By Business Segment(1)
Regional Banking:
Central Ohio $ 4,526 20.2% $ 4,501 21.7%
Northern Ohio 4,071 18.2 4,068 19.6
Southern Ohio/Kentucky 1,951 8.7 1,742 8.4
West Michigan 2,795 12.5 2,644 12.7
East Michigan 2,272 10.1 2,222 10.7
West Virginia 1,463 6.5 1,375 6.6
Indiana 727 3.2 664 3.2
Mortgage and equipment leasing groups 162 0.7 195 0.9
Regional Banking 17,967 80.1 17,411 83.8
Dealer Sales 66 0.3 75 0.4
Private Financial and Capital Markets Group 1,169 5.2 1,176 5.7
Treasury/Other(2) 3,208 14.4 2,106 10.1
Total deposits $ 22,410 100.0% $20,768 100.0%
(1) Prior period amounts have been reclassified to conform to the current period business segment structure.
(2) Comprised largely of brokered deposits and negotiable CDs.
Table 23 — Federal Funds Purchased and Repurchase Agreements
At December 31,
(in millions of dollars) 2005 2004 2003 2002 2001
Balance at year end $ 1,820 $1,124 $1,378 $2,459 $1,914
Weighted average interest rate at year-end 3.46% 1.31% 0.73% 1.49% 2.24%
Maximum amount outstanding at month-end during the year $ 1,820 $1,671 $2,439 $2,504 $3,095
Average amount outstanding during the year 1,319 1,356 1,707 2,072 2,259
Weighted average interest rate during the year 2.41% 0.88% 1.22% 1.98% 4.11%
Other potential sources of liquidity include the sale or maturity of investment securities, the sale or securitization of loans, and
the issuance of common and preferred securities. The Bank also has access to the Federal Reserve’s discount window. At
December 31, 2005, a total of $2.4 billion of commercial loans had been pledged to secure potential future borrowings through
this facility.
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