Huntington National Bank 2003 Annual Report Download - page 76

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MANAGEMENT’S DISCUSSION AND ANALYSIS
Table 21—Regional Banking(1)
2003 Change From 2002 2002 Change From 2001 2001
Amount % Amount %
PERFORMANCE METRICS
Return on average assets 1.17% 0.33% 0.84% (0.14)% 0.98%
Return on average equity 17.0 4.6 12.4 (2.5) 14.9
Net interest margin 4.39 (0.17) 4.56 (0.44) 5.00
Efficiency ratio 60.9 (2.2) 63.2 5.1 58.1
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
C&I $ 84,127 $(23,434) (21.8)% $107,561
CRE 10,335 (7,046) (40.5) 17,381
Total commercial 94,462 (30,480) (24.4) 124,942
Consumer
Auto loans 16 (24) (60.0) 40
Home equity loans & lines of credit 13,817 2,143 18.4 11,674
Residential mortgage 811 (43) (5.0) 854
Other loans 4,041 60 1.5 3,981
Total consumer 18,685 2,136 12.9 16,549
Total Net Charge-offs $113,147 $(28,344) (20.0)% $141,491
Net Charge-offs—annualized percentages
C&I 1.87% (0.40)% 2.27%
CRE 0.29 (0.24) 0.53
Total commercial 1.17 (0.39) 1.56
Consumer
Auto loans 0.23 (0.17) 0.40
Home equity loans & lines of credit 0.44 0.01 0.42
Residential mortgage 0.05 (0.02) 0.07
Other loans 1.30 0.10 1.20
Total consumer 0.36 (0.02) 0.39
Total Net Charge-offs 0.86% (0.30)% 1.15%
Non-performing Assets (NPA) (in millions)
C&I $ 39 $ (50) (56.2)% $ 89
CRE 12 (15) (55.6) 27
Residential mortgage 9 — — 9
Total Non-accrual Loans 60 (65) (52.0) 125
Renegotiated loans — — NM —
Total Non-performing Loans (NPL) 60 (65) (52.0) 125
Other real estate, net (OREO) 12 3 33.3 9
Total Non-performing Assets $ 72 $ (62) (46.3)% $ 134
Accruing loans past due 90 days or more (EOP) $ 39 $ (4) (9.3)% $ 43
Allowance for Loan and Lease Losses (ALLL) (EOP) 197 22 12.6 175
ALLL as a % of total loans and leases 1.43% 0.05% 1.38%
ALLL as a % of NPLs 328.3 188.3 140.0
ALLL + OREO as a % of NPAs 290.3 153.0 137.3
NPLs as a % of total loans and leases 0.44 (0.55) 0.99
NPAs as a % of total loans and leases + OREO 0.52 (0.54) 1.06
(1) Operating basis, see page 69 for definition.
NM, not a meaningful value.
EOP, end of period.
74 HUNTINGTON BANCSHARES INCORPORATED