Huntington National Bank 2003 Annual Report Download - page 66

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MANAGEMENT’S DISCUSSION AND ANALYSIS
Table 16—Deposit Liabilities
December 31,
(in millions of dollars) 2003 2002 2001 2000 1999
By Type % % % % %
Demand deposits
Non-interest bearing $ 2,987 16.2 $ 3,058 17.5 $ 3,607 17.9 $ 3,402 17.2 $ 3,950 19.5
Interest bearing 6,411 34.7 5,390 30.8 5,752 28.5 4,695 23.8 4,099 20.3
Savings deposits 2,960 16.0 2,851 16.3 3,466 17.2 3,528 17.9 3,793 18.8
Retail certificates of deposit 2,462 13.3 3,261 18.6 4,970 24.6 5,103 25.8 4,768 23.6
Other domestic time deposits 631 3.4 695 4.0 896 4.4 933 4.7 1,013 5.0
Total Core Deposits 15,451 83.6 15,255 87.2 18,691 92.6 17,661 89.4 17,623 87.2
Domestic time deposits of
$100,000 or more 789 4.3 732 4.2 1,131 5.6 1,424 7.2 1,358 6.7
Brokered time deposits and
negotiable CDs 1,772 9.6 1,093 6.2 140 0.7 256 1.3 530 2.6
Foreign time deposits 475 2.5 419 2.4 225 1.1 408 2.1 703 3.5
Total Deposits $18,487 100.0 $17,499 100.0 $20,187 100.0 $19,749 100.0 $20,214 100.0
By Business Segment
Regional Banking
Central Ohio $ 4,109 22.2 $ 4,020 23.0
Northern Ohio 3,588 19.4 3,611 20.6
Southern Ohio / Kentucky 1,441 7.8 1,365 7.8
West Michigan 2,457 13.3 2,410 13.8
East Michigan 1,989 10.8 1,948 11.1
West Virginia 1,314 7.1 1,341 7.7
Indiana 648 3.5 604 3.5
Total Regional Banking 15,546 84.1 15,299 87.4
Dealer Sales 71 0.4 58 0.3
Private Financial Group 1,163 6.3 938 5.4
Treasury/Other 1,707 9.2 1,204 6.9
Total Deposits $18,487 100.0 $17,499 100.0
At December 31, 2003, the portfolio of securities available for sale totaled $4.9 billion, of which $2.6 billion was pledged to secure
public and trust deposits, interest rate swap agreements, U.S. Treasury demand notes, and securities sold under repurchase agreements.
The composition and maturity of these securities are presented in Table 17. Another source of liquidity is the increase in non-pledged
securities, which increased to $2.3 billion at December 31, 2003, from $0.7 billion at December 31, 2002.
The Bank also has access to the Federal Reserve’s discount window. At December 31, 2003, a total of $1.7 billion of commercial loans
had been pledged to secure potential future borrowings through this facility.
64 HUNTINGTON BANCSHARES INCORPORATED