Huntington National Bank 2012 Annual Report Download - page 94

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86
The following table details the $3.2 billion, or 7%, increase in average total deposits:
Table 47 - Average Deposits - 2012 Fourth Quarter vs. 2011 Fourth Quarter
Fourth Quarter Change
(dollar amounts in millions) 2012 2011 Amount Percent
Average Deposits
Demand deposits: noninterest-bearing $ 13,121 $ 10,716 $ 2,405 22 %
Demand deposits: interest-bearing 5,843 5,570 273 5
Total demand deposits 18,964 16,286 2,678 16
Money market deposits 14,749 13,594 1,155 8
Savings and other domestic deposits 4,960 4,706 254 5
Core certificates of deposit 5,637 6,769 (1,132) (17)
Total core deposits 44,310 41,355 2,955 7
Other deposits 2,457 2,249 208 9
Total deposits $ 46,767 $ 43,604 $ 3,163 7 %
The increase in average total deposits from the year-ago quarter reflected:
x$2.7 billion, or 16%, growth in average total demand deposits.
x$1.2 billion, or 8%, increase in money market deposits.
Partially offset by:
x$1.1 billion, or 17%, decline in average core certificates of deposit.
Provision for Credit Losses
The provision for credit losses in the 2012 fourth quarter was $39.5 million, down $5.8 million, or 13%, from the year-ago
quarter, reflecting a reduction of the ACL as a result of the improvement in the underlying credit quality of the loan portfolio. The
2012 fourth quarter provision for credit losses was $30.6 million less than total NCOs, reflecting the resolution of problem loans for
which reserves had been previously established.