Huntington National Bank 2012 Annual Report Download - page 58

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The table reflects period-end NALs and NPAs detail for each of the last five years:
Table 14 - Nonaccrual Loans and Leases and Nonperforming Assets
At December 31,
(dollar amounts in thousands) 2012 2011 2010 2009 2008
N
onaccrual loans and leases:
Commercial and industrial $ 90,705 $ 201,846 $ 346,720 $ 578,414 $ 932,648
Commercial real estate 127,128 229,889 363,692 935,812 445,717
Automobile 7,823 --- --- --- ---
Residential mortgages 122,452 68,658 45,010 362,630 98,951
Home equity 59,525 40,687 22,526 40,122 24,831
Total nonaccrual loans and leases(1) 407,633 541,080 777,948 1,916,978 1,502,147
Other real estate owned, net
Residential 21,378 20,330 31,649 71,427 63,058
Commercial 6,719 18,094 35,155 68,717 59,440
Total other real estate, net 28,097 38,424 66,804 140,144 122,498
Impaired loans held for sale(2) --- --- --- 969 12,001
Other nonperforming assets(3) 10,045 10,772 --- --- ---
Total nonperforming assets $ 445,775 $ 590,276 $ 844,752 $ 2,058,091 $ 1,636,646
N
onaccrual loans as a % of total loans and leases 1.00 % 1.39 % 2.04 % 5.21 % 3.66 %
N
onperforming assets ratio(4) 1.09 1.51 2.21 5.57 3.97
Allowance for loan and lease losses as % of:
N
onaccrual loans 189 % 178 % 161 % 77 % 60 %
N
onperforming assets 173 163 148 72 55
Allowance for credit losses as % of:
N
onaccrual loans 199 % 187 % 166 % 80 % 63 %
N
onperforming assets 182 172 153 74 58
(
1
)
December 31, 2012, includes $60.1 million of Chapter 7 bankruptcy NALs.
(
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 represent an investment security backed by a municipal bond.
(
4
)
This ratio is calculated as nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, net other real estate owned,
and other nonperforming assets.
The $144.5 million, or 24%, decline in NPAs compared with December 31, 2011, primarily reflected:
x$111.1 million, or 55%, decrease in C&I NALs, primarily reflecting problem credit resolutions, including payoffs partially
resulting from successful workout strategies implemented by our SAD. The decline was associated with loans throughout
our footprint, with no specific industry concentration.
x$102.8 million, or 45%, decrease in CRE NALs, primarily reflecting both NCO activity and problem credit resolutions,
including borrower payments and payoffs partially resulting from successful workout strategies implemented by our SAD.
Although some degree of quarter-to-quarter volatility in our NAL levels is anticipated, we expect that the overall trend will
continue to be lower.
x$10.3 million, or 27%, decrease in OREO, primarily reflecting sales and writedowns.