Huntington National Bank 2005 Annual Report Download - page 92

Download and view the complete annual report

Please find page 92 of the 2005 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 34 — Total Company(1)
Change From 2004 Change From 2003
2005 Amount % 2004 Amount % 2003
PERFORMANCE METRICS
Return on average assets 1.26% 0.02% 1.24% 0.01% 1.23%
Return on average equity 16.0 (0.4) 16.4 0.2 16.2
Net interest margin 3.33 0.00 3.33 (0.16) 3.49
Efficiency ratio 60.0 (5.6) 65.6 0.3 65.3
CREDIT QUALITY (in thousands of dollars)
Net charge-offs by loan type
Commercial
Middle market commercial and industrial $ 13,578 $ 11,658 N.M.% $ 1,920 $(73,883) (97.5)% $ 75,803
Middle market commercial real estate 4,045 (3,926) (49.3) 7,971 24 0.3 7,947
Small business loans 11,951 6,385 N.M. 5,566 (6,059) (52.1) 11,625
Total commercial 29,574 14,117 91.3 15,457 (79,918) (83.8) 95,375
Consumer
Auto leases 11,664 827 7.6 10,837 5,109 89.2 5,728
Auto loans 11,988 (16,586) (58.0) 28,574 (11,692) (29.0) 40,266
Home equity loans & lines of credit 17,619 2,545 16.9 15,074 2,960 24.4 12,114
Residential mortgage 2,332 572 32.5 1,760 928 N.M. 832
Other loans 6,880 47 0.7 6,833 (661) (8.8) 7,494
Total consumer 50,483 (12,595) (20.0) 63,078 (3,356) (5.1) 66,434
Total net charge-offs $ 80,057 $ 1,522 1.9% $78,535 $(83,274) (51.5)% $161,809
Net charge-offs — annualized percentages
Commercial
Middle market commercial and industrial 0.28% 0.24% 0.04% (1.60)% 1.64%
Middle market commercial real estate 0.11 (0.13) 0.24 (0.02) 0.26
Small business loans 0.54 0.26 0.28 (0.37) 0.65
Total commercial 0.28 0.12 0.16 (0.85) 1.01
Consumer
Auto leases 0.48 (0.01) 0.49 0.09 0.40
Auto loans 0.59 (0.66) 1.25 0.01 1.24
Home equity loans & lines of credit 0.38 0.02 0.36 0.01 0.35
Residential mortgage 0.06 0.01 0.05 0.01 0.04
Other loans 1.37 (0.15) 1.52 (0.20) 1.72
Total consumer 0.37 (0.14) 0.51 (0.12) 0.63
Total net charge-offs 0.33% (0.02)% 0.35% (0.46)% 0.81%
Non-performing assets (NPA) (in millions of dollars)
Middle market commercial and industrial $ 28 $ 4 16.7% $ 24 $ (10) (29.4)% $ 34
Middle market commercial real estate 16 12 N.M. 4 (14) (77.8) 18
Small business loans 29 14 93.3 15 1 7.1 14
Residential mortgage 18 4 28.6 14 5 55.6 9
Home equity 11 4 57.1 7 7 N.M. —
Total non-accrual loans 102 38 59.4 64 (11) (14.7) 75
Renegotiated loans — — N.M. — — N.M. —
Total non-performing loans (NPL) 102 38 59.4 64 (11) (14.7) 75
Other real estate, net (OREO) 15 (30) (66.7) 45 33 N.M. 12
Total non-performing assets $ 117 $ 8 7.3% $ 109 $ 22 25.3% $ 87
Accruing loans past due 90 days or more $ 56 $ 2 3.7% $ 54 $ (2) (3.6)% $ 56
Allowance for loan and lease losses (ALLL) (eop) 268 (3) (1.1) 271 (29) (9.7) 300
ALLL as a % of total loans and leases 1.10% (0.05)% 1.15% (0.27)% 1.42%
ALLL as a % of NPLs 263.0 (161.0) 424.0 26.9 397.1
ALLL + OREO as a % of NPAs 241.9 (48.0) 289.9 (68.7) 358.6
NPLs as a % of total loans and leases 0.42 0.15 0.27 (0.09) 0.36
NPAs as a % of total loans and leases + OREO 0.48 0.02 0.46 0.05 0.41
SUPPLEMENTAL DATA
# employees — full-time equivalent 7,602 (210) (2.7)% 7,812 (171) (2.1)% 7,983
N.M., not a meaningful value.
eop — End of Period.
(1) Operating basis, see Lines of Business section for definition.
90