Huntington National Bank 2012 Annual Report Download - page 78

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The following table presents risk-weighted assets and other financial data necessary to calculate certain financial ratios, including
the Tier 1 common equity ratio, which we use to measure capital adequacy:
Table 35 - Consolidated Capital
Adequacy
December 31,
(dollar amounts in millions) 2012 2011 2010 2009 2008
Consolidated capital calculations:
Common shareholders' equity $ 5,404 $ 5,032 $ 4,618 $ 3,648 $ 5,351
Preferred shareholders' equity 386 386 363 1,688 1,878
Total shareholders' equity 5,790 5,418 4,981 5,336 7,229
Goodwill (444) (444) (444) (444) (3,055)
Other intangible assets (132) (175) (229) (289) (357)
Other intangible asset deferred tax
liability(1) 46 61 80 101 125
Total tangible equity(2) 5,260 4,860 4,388 4,704 3,942
Preferred shareholders' equity (386) (386) (363) (1,688) (1,878)
Total tangible common equity(2) $ 4,874 $ 4,474 $ 4,025 $ 3,016 $ 2,064
Total assets $ 56,153 $ 54,451 $ 53,820 $ 51,555 $ 54,353
Goodwill (444) (444) (444) (444) (3,055)
Other intangible assets (132) (175) (229) (289) (357)
Other intangible asset deferred tax
liability(1) 46 61 80 101 125
Total tangible assets(2) $ 55,623 $ 53,893 $ 53,227 $ 50,923 $ 51,066
Tier 1 capital $ 5,741 $ 5,557 $ 5,022 $ 5,201 $ 5,036
Preferred shareholders' equity (386) (386) (363) (1,688) (1,878)
Trust-preferred securities (299) (532) (570) (570) (736)
REIT-preferred stock (50) (50) (50) (50) (50)
Tier 1 common equity(2) $ 5,006 $ 4,589 $ 4,039 $ 2,893 $ 2,372
Risk-weighted assets (RWA) $ 47,773 $ 45,891 $ 43,471 $ 42,816 $ 46,994
Tier 1 common equity / RWA ratio(2) 10.48 % 10.00 % 9.29 % 6.76 % 5.05 %
Tangible equity / tangible asset ratio(2) 9.46 9.02 8.24 9.24 7.72
Tangible common equity / tangible asset
ratio(2) 8.76 8.30 7.56 5.92 4.04
Tangible common equity / RWA ratio(2) 10.20 9.75 9.26 7.04 4.39
(1)Intangible assets are net of deferred tax liability and calculated assuming a 35% tax rate.
(2)Tangible equity, Tier 1 common equity, tangible common equity, and tangible assets are non-GAAP financial measures.
Additionally, any ratios utilizing these financial measures are also non-GAAP. These financial measures have been
included as they are considered to be critical metrics with which to analyze and evaluate financial condition and capital
strength. Other companies may calculate these financial measures differently.
Our Tier 1 common equity risk-based ratio improved 48 basis points to 10.48% at December 31, 2012, compared with 10.00% at
December 31, 2011. This increase primarily reflected the combination of an increase in retained earnings and a reduction in the
disallowed tax deferred asset, partially offset by an increase in risk-weighted assets of $1.9 billion, the repurchase of 23.3 million
common shares, and the impacts related to the payments of dividends.