Huntington National Bank 2005 Annual Report Download - page 87

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 32 — Private Financial and Capital Markets Group(1)
Change From 2004 Change From 2003
2005 Amount % 2004 Amount % 2003
PERFORMANCE METRICS
Return on average assets 2.40% (0.12)% 2.52% 0.52% 2.00%
Return on average equity 36.3 2.6 33.7 7.3 26.4
Net interest margin 4.13 0.32 3.81 0.15 3.66
Efficiency ratio 63.0 (0.6) 63.6 (3.6) 67.2
CREDIT QUALITY (in thousands of dollars)
Net charge-offs by loan type
Commercial
Middle market commercial and industrial $ 2,647 $ 1,674 N.M.% $ 973 $ 231 31.1% $ 742
Middle market commercial real estate (430) (4,914) N.M. 4,484 4,302 N.M. 182
Total commercial 2,217 (3,240) (59.4) 5,457 4,533 N.M. 924
Consumer
Home equity loans & lines of credit 366 (889) (70.8) 1,255 504 67.1 751
Residential mortgage 171 (62) (26.6) 233 212 N.M. 21
Other loans 202 (7) (3.3) 209 8 4.0 201
Total consumer 739 (958) (56.5) 1,697 724 74.4 973
Total net charge-offs $ 2,956 $ (4,198) (58.7)% $7,154 $ 5,257 N.M.% $1,897
Net charge-offs — annualized percentages
Commercial
Middle market commercial and industrial 0.53% 0.30% 0.23% 0.02% 0.21%
Middle market commercial real estate (0.16) (1.91) 1.75 1.67 0.08
Total commercial 0.29 (0.51) 0.80 0.65 0.15
Consumer
Home equity loans & lines of credit 0.11 (0.31) 0.42 0.13 0.29
Residential mortgage 0.03 (0.01) 0.04 0.04 —
Other loans 2.02 (0.30) 2.32 (0.19) 2.51
Total consumer 0.08 (0.12) 0.20 0.06 0.14
Total net charge-offs 0.18% (0.29)% 0.47% 0.32% 0.15%
Non-performing assets (NPA) (in millions of dollars)
Middle market commercial and industrial $ 5 $ 3 N.M.% $ 2 $ (2) (50.0)% $ 4
Middle market commercial real estate — (2) N.M. 2 (9) (81.8) 11
Residential mortgage — (2) N.M. 2 1 N.M. 1
Home equity — — N.M. — — N.M. —
Total non-accrual loans 5 (1) (16.7) 6 (10) (62.5) 16
Renegotiated loans — — N.M. — — N.M. —
Total non-performing loans (NPL) 5 (1) (16.7) 6 (10) (62.5) 16
Other real estate, net (OREO) — (36) N.M. 36 36 N.M. —
Total non-performing assets $ 5 $ (37) (88.1)% $ 42 $ 26 N.M.% $ 16
Accruing loans past due 90 days or more $ 5 $ 1 17.5% $ 4 $ 1 33.3% $ 3
Allowance for loan and lease losses (ALLL) (eop) 16 2 14.3 14 (4) (22.2) 18
ALLL as a % of total loans and leases 0.93% 0.07% 0.86% (0.41)% 1.27%
ALLL as a % of NPLs 320.0 86.7 233.3 120.8 112.5
ALLL + OREO as a % of NPAs 320.0 201.0 119.0 6.5 112.5
NPLs as a % of total loans and leases 0.29 (0.08) 0.37 (0.76) 1.13
NPAs as a % of total loans and leases = OREO 0.29 (2.22) 2.51 1.38 1.13
N.M., not a meaningful value.
eop — End of Period.
(1) Operating basis, see Lines of Business section for definition.
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