Huntington National Bank 2012 Annual Report Download - page 42

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Table 6 - Consolidated Average Balance Sheet and Net Interest Margin Analysis (Continued)
Interest Income / Expense Average Rate (2)
Fully-taxable equivalent basis (1)
(dollar amounts in millions) 2012 2011 2010 2012 2011 2010
Assets
Interest-bearing deposits in banks $ 0.2 $ 0.1 $ 0.8 0.21 % 0.11 % 0.28 %
Trading account securities 0.9 1.5 2.9 1.27 1.37 1.82
Federal funds sold and securities purchased under
resale agreement --- --- --- 0.29 0.09 ---
Loans held for sale 36.8 12.3 25.7 3.38 4.27 4.85
Available-for-sale and other securities:
Taxable 184.3 208.0 239.1 2.33 2.48 2.73
Tax-exempt 17.7 18.3 18.8 4.14 4.28 4.56
Total available-for-sale and other securities 202.0 226.3 257.9 2.43 2.57 2.81
Held-to-maturity securities - taxable 24.1 11.2 --- 2.60 2.99 ---
Loans and leases: (3)
Commercial:
Commercial and industrial 639.5 585.6 660.6 4.01 4.31 5.31
Commercial real estate:
Construction 22.9 23.0 30.6 3.93 3.88 2.79
Commercial 208.6 222.7 234.9 4.01 3.97 3.83
Commercial real estate 231.4 245.7 265.5 4.00 3.96 3.67
Total commercial 870.9 831.3 926.1 4.01 4.20 4.71
Consumer:
Automobile loans and leases 214.1 293.2 295.2 4.73 4.99 6.04
Home equity 355.9 355.0 383.7 4.28 4.47 5.06
Residential mortgage 212.7 213.6 216.8 4.10 4.53 4.84
Other consumer 33.3 40.6 47.5 7.31 7.63 7.18
Total consumer 815.9 902.4 943.2 4.41 4.73 5.35
Total loans and leases 1,686.8 1,733.7 1,869.3 4.19 4.46 5.02
Total earning assets $ 1,950.7 $ 1,985.1 $ 2,156.6 3.85 % 4.09 % 4.55 %
Liabilities and Shareholders' Equity
Deposits:
Demand deposits - noninterest-bearing $ --- $ --- $ --- ---% ---% ---%
Demand deposits - interest-bearing 3.6 5.1 10.4 0.06 0.09 0.19
Total demand deposits 3.6 5.1 10.4 0.02 0.04 0.08
Money market deposits 40.2 54.3 103.5 0.29 0.41 0.88
Savings and other domestic deposits 18.9 32.7 48.2 0.38 0.69 1.04
Core certificates of deposit 85.0 150.0 231.6 1.37 1.95 2.52
Total core deposits 147.7 242.2 393.7 0.48 0.77 1.26
Other domestic time deposits of $250,000 or more 2.1 4.5 9.3 0.66 0.97 1.32
Brokered time deposits and negotiable CDs 11.7 12.5 35.4 0.74 0.88 2.21
Deposits in foreign offices 0.7 0.9 0.8 0.18 0.23 0.20
Total deposits 162.2 260.1 439.2 0.49 0.78 1.30
Short-term borrowings 2.0 3.5 3.0 0.16 0.17 0.21
Federal Home Loan Bank advances 0.8 0.8 3.1 0.28 0.74 1.80
Subordinated notes and other long-term debt 54.7 76.7 81.4 2.77 2.42 2.15
Total interest-bearing liabilities 219.7 341.1 526.7 0.60 0.88 1.34
N
et interest income $ 1,730.9 $ 1,644.1 $ 1,629.9
N
et interest rate sprea
d
3.25 3.21 3.21
Impact of noninterest-bearing funds on margin 0.16 0.18 0.23
N
et Interest Margin 3.41 % 3.38 % 3.44 %
(
1
)
FTE yields are calculated assuming a 35% tax rate.
(
2
)
Loan and lease and deposit average rates include impact of applicable derivatives, non-deferrable fees, and amortized fees.
(
3
)
For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.