Huntington National Bank 2011 Annual Report Download - page 50

Table 6 — Consolidated Average Balance Sheet and Net Interest Margin Analysis
Average Balances
Change from 2010 Change from 2009
Fully-taxable equivalent basis(1) 2011 Amount Percent 2010 Amount Percent 2009
(dollar amounts in millions)
ASSETS
Interest-bearing deposits in banks ....................... $ 133 $ (156) (54)% $ 289 $ (72) (20)% $ 361
Trading account securities ............................ 107 (51) (32) 158 13 9 145
Federal funds sold and securities purchased under resale
agreement ....................................... 55— — (10) (100) 10
Loans held for sale .................................. 288 (241) (46) 529 (53) (9) 582
Available-for-sale and other securities:
Taxable ......................................... 8,371 (389) (4) 8,760 2,659 44 6,101
Tax-exempt ...................................... 428 17 4 411 197 92 214
Total available-for-sale and other securities ............... 8,799 (372) (4) 9,171 2,856 45 6,315
Held-to-maturity securities — taxable ................... 375 375 — ——— —
Loans and leases: (3)
Commercial:
Commercial and industrial ...................... 13,597 1,166 9 12,431 (705) (5) 13,136
Commercial real estate:
Construction ............................... 592 (504) (46) 1,096 (762) (41) 1,858
Commercial ................................ 5,613 (516) (8) 6,129 (1,169) (16) 7,298
Commercial real estate ......................... 6,205 (1,020) (14) 7,225 (1,931) (21) 9,156
Total commercial ............................... 19,802 146 1 19,656 (2,636) (12) 22,292
Consumer:
Automobile loans and leases ..................... 5,877 987 20 4,890 1,344 38 3,546
Home equity ................................. 7,940 350 5 7,590 — — 7,590
Residential mortgage .......................... 4,717 241 5 4,476 (66) (1) 4,542
Other consumer ............................... 531 (130) (20) 661 (61) (8) 722
Total consumer ................................. 19,065 1,448 8 17,617 1,217 7 16,400
Total loans and leases .............................. 38,867 1,594 4 37,273 (1,419) (4) 38,692
Allowance for loan and lease losses ................... (1,109) 321 (22) (1,430) (474) 50 (956)
Net loans and leases ................................. 37,758 1,915 5 35,843 (1,893) (5) 37,736
Total earning assets ................................ 48,574 1,154 2 47,420 1,315 3 46,105
Cash and due from banks ............................. 1,436 (82) (5) 1,518 (614) (29) 2,132
Intangible assets .................................... 645 (57) (8) 702 (700) (50) 1,402
All other assets ..................................... 4,204 (160) (4) 4,364 607 16 3,757
Total Assets ....................................... $53,750 $ 1,176 2% $52,574 $ 134 —% $52,440
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Demand deposits — noninterest-bearing ............. $ 8,653 $ 1,794 26% $ 6,859 $ 802 13% $ 6,057
Demand deposits — interest-bearing ................ 5,517 (62) (1) 5,579 763 16 4,816
Money market deposits ........................... 13,322 1,579 13 11,743 4,527 63 7,216
Savings and other domestic deposits ................ 4,735 93 2 4,642 (239) (5) 4,881
Core certificates of deposit ........................ 7,702 (1,486) (16) 9,188 (2,756) (23) 11,944
Total core deposits ................................ 39,929 1,918 5 38,011 3,097 9 34,914
Other domestic time deposits of $250,000 or more ....... 465 (232) (33) 697 (144) (17) 841
Brokered time deposits and negotiable CDs ............. 1,422 (181) (11) 1,603 (1,544) (49) 3,147
Deposits in foreign offices .......................... 389 (38) (9) 427 (60) (12) 487
Total deposits ...................................... 42,205 1,467 4 40,738 1,349 3 39,389
Short-term borrowings ............................... 2,055 609 42 1,446 513 55 933
Federal Home Loan Bank advances ..................... 111 (62) (36) 173 (1,063) (86) 1,236
Subordinated notes and other long-term debt .............. 3,165 (615) (16) 3,780 (541) (13) 4,321
Total interest-bearing liabilities ...................... 38,883 (395) (1) 39,278 (544) (1) 39,822
All other liabilities .................................. 976 20 2 956 182 24 774
Shareholders’ equity ................................. 5,238 (243) (4) 5,481 (306) (5) 5,787
Total Liabilities and Shareholders’ Equity ............. $53,750 $ 1,176 2% $52,574 $ 134 —% $52,440
Continued
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