Huntington National Bank 2003 Annual Report Download - page 100

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CONSOLIDATED BALANCE SHEETS
December 31,
(in thousands of dollars, except share amounts) 2003 2002
Assets
Cash and due from banks $ 899,689 $ 969,483
Federal funds sold and securities purchased under resale agreements 96,814 49,280
Interest bearing deposits in banks 33,627 37,300
Trading account securities 7,589 241
Mortgage loans held for sale 226,729 528,379
Securities available for sale—at fair value 4,925,232 3,403,369
Investment securities—fair value $3,937 and $7,725, respectively 3,828 7,546
Loans and leases:
Commercial and industrial 5,313,517 5,608,443
Commercial real estate 4,172,083 3,722,992
Consumer
Automobile loans 2,991,642 3,041,954
Automobile leases 1,902,170 873,599
Home equity 3,792,189 3,198,487
Residential mortgage 2,530,665 1,746,177
Other consumer 372,852 395,751
Total loans and direct financing leases 21,075,118 18,587,403
Less allowance for loan and lease losses 335,254 336,648
Net loans and direct financing leases 20,739,864 18,250,755
Operating lease assets 1,260,440 2,200,525
Bank owned life insurance 927,671 886,214
Premises and equipment 349,712 341,366
Goodwill and other intangible assets 217,009 218,567
Customers’ acceptance liability 9,553 16,745
Accrued income and other assets 786,047 618,162
Total Assets $30,483,804 $27,527,932
Liabilities and Shareholders’ Equity
Liabilities
Demand deposits
Non-interest bearing $ 2,986,992 $ 3,058,044
Interest bearing 6,411,380 5,389,920
Savings deposits 2,959,993 2,851,158
Other domestic time deposits 3,092,736 3,956,306
Domestic time deposits of $100,000 or more 789,341 731,959
Brokered time deposits and negotiable CDs 1,771,738 1,092,754
Foreign time deposits 475,215 419,185
Total deposits 18,487,395 17,499,326
Short-term borrowings 1,452,304 2,141,016
Bank acceptances outstanding 9,553 16,745
Federal Home Loan Bank advances 1,273,000 1,013,000
Subordinated notes 990,470 738,678
Other long-term debt 4,544,509 2,495,123
Company obligated mandatorily redeemable preferred capital securities of subsidiary
trusts holding solely junior subordinated debentures of the parent company — 300,000
Accrued expenses and other liabilities 1,451,571 1,134,251
Total Liabilities 28,208,802 25,338,139
Shareholders’ equity
Preferred stock—authorized 6,617,808 shares; none outstanding — —
Common stock—without par value; authorized 500,000,000 shares; issued
257,866,255 shares; outstanding 229,008,088 and 232,878,851 shares, respectively 2,483,542 2,484,421
Less 28,858,167 and 24,987,404 treasury shares, respectively (548,576) (475,399)
Accumulated other comprehensive income 2,678 62,300
Retained earnings 337,358 118,471
Total Shareholders’ Equity 2,275,002 2,189,793
Total Liabilities and Shareholders’ Equity $30,483,804 $27,527,932
See notes to consolidated financial statements.
98 HUNTINGTON BANCSHARES INCORPORATED