Huntington National Bank 2003 Annual Report Download - page 81
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MANAGEMENT’S DISCUSSION AND ANALYSIS
Table 22—Dealer Sales(1)
2003 Change From 2002 2002 Change From 2001 2001
Amount % Amount %
PERFORMANCE METRICS
Return on average assets 0.80% 0.45% 0.35% 0.63% (0.28)%
Return on average equity 13.3 (0.3) 13.6 22.6 (9.0)
Net interest margin 1.94 1.80 0.14 0.95 (0.81)
Efficiency ratio 76.0 (12.0) 88.0 (5.0) 93.0
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
C&I $ (13) $ (177) NM% $ 164
CRE — — NM —
Total commercial (13) (177) NM 164
Consumer
Auto leases 5,728 4,298 NM 1,430
Auto loans 40,250 2,504 6.6 37,746
Home equity loans & lines of credit 36 36 NM —
Other loans 762 (1,514) (66.5) 2,276
Total consumer 46,776 5,324 12.8 41,452
Total Net Charge-offs $46,763 $ 5,147 12.4% $41,616
Net Charge-offs—annualized percentages
C&I — (0.03)% 0.03%
CRE — — —
Total commercial — (0.03) 0.03
Consumer
Auto leases 0.40 0.02 0.38
Auto loans 1.24 (0.13) 1.37
Home equity loans & lines of credit — — —
Other loans 1.27 (3.02) 4.29
Total consumer 0.99 (0.31) 1.30
Total Net Charge-offs 0.86% (0.25)% 1.11%
Non-performing Assets (NPA) (in millions)
C&I $ — $ (1) NM% $ 1
CRE — — NM —
Total Non-accrual Loans — (1) NM 1
Renegotiated loans — — NM —
Total Non-performing Loans (NPL) — (1) NM 1
Other real estate, net (OREO) — — NM —
Total Non-performing Assets $ — $ (1) NM% $ 1
Accruing loans past due 90 days or more (EOP) $ 14 $ — — $ 14
Allowance for Loan and Lease Losses (ALLL) (EOP) $ 51 $ 21 70.0% $ 30
ALLL as a % of total loans and leases 0.88% 0.24% 0.64%
ALLL as a % of NPLs NM NM NM
ALLL + OREO as a % of NPAs NM NM NM
NPLs as a % of total loans and leases — (0.02)% 0.02%
NPAs as a % of total loans and leases + OREO — (0.02)% 0.02%
(1) Operating basis, see page 69 for definition.
NM, not a meaningful value.
EOP, end of period.
HUNTINGTON BANCSHARES INCORPORATED 79