Huntington National Bank 2011 Annual Report Download - page 71

The table reflects period-end NALs and NPAs detail for each of the last five years.
Table 14 — Nonaccrual Loans and Nonperforming Assets
At December 31,
2011 2010 2009 2008 2007
(dollar amounts in thousands)
Nonaccrual loans and leases:
Commercial and industrial(1) .............. $201,846 $346,720 $ 578,414 $ 932,648 $ 87,679
Commercial real estate .................... 229,889 363,692 935,812 445,717 148,467
Residential mortgages(1) .................. 68,658 45,010 362,630 98,951 59,557
Home equity ............................ 40,687 22,526 40,122 24,831 24,068
Total nonaccrual loans and leases ............. 541,080 777,948 1,916,978 1,502,147 319,771
Other real estate owned, net
Residential ........................... 20,330 31,649 71,427 63,058 60,804
Commercial .......................... 18,094 35,155 68,717 59,440 14,467
Total other real estate, net ................... 38,424 66,804 140,144 122,498 75,271
Impaired loans held for sale(2) ............... —— 969 12,001 73,481
Other nonperforming assets(3) ................ 10,772 — — — 4,379
Total nonperforming assets .................. $590,276 $844,752 $2,058,091 $1,636,646 $472,902
Nonaccrual loans as a % of total loans and
leases ................................. 1.39% 2.04% 5.21% 3.66% 0.80%
Nonperforming assets ratio(4) ................ 1.51 2.21 5.57 3.97 1.18
Allowance for loan and lease losses as % of:
Nonaccrual loans ........................ 178% 161% 77% 60% 181%
Nonperforming assets ..................... 163 148 72 55 122
Allowance for credit losses as % of:
Nonaccrual loans ........................ 187% 166% 80% 63% 202%
Nonperforming assets ..................... 172 153 74 58 136
Nonperforming Franklin assets:(1)
Commercial ............................ $—$ — $ — $ 650,225 $ —
Residential mortgage ..................... —— 299,670 — —
Home equity ............................ —— 15,004 — —
Other real estate owned, net ................ —9,477 23,826 — —
Total Nonperforming Franklin assets ........... $—$ 9,477 $ 338,500 $ 650,225 $ —
(1) Franklin loans were reported as commercial accruing restructured loans at December 31, 2007. At
December 31, 2008, Franklin loans were reported as nonaccrual commercial and industrial loans. At
December 31, 2009 and 2010, nonaccrual Franklin loans were reported as residential mortgage loans, home
equity loans, and other real estate owned. At December 31, 2011, all Franklin-related loans and other real
estate owned were either sold or fully charged-off.
(2) Represents impaired loans obtained from the Sky Financial acquisition. Held for sale loans are carried at the
lower of cost or fair value less costs to sell.
(3) Other nonperforming assets at December 31, 2011, represented an investment security backed by a
municipal bond. Other nonperforming assets at December 31, 2007, represented certain investment
securities backed by mortgage loans to borrowers with lower FICO scores.
(4) Nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, net other real
estate owned, and other nonperforming assets.
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