Huntington National Bank 2003 Annual Report Download - page 86
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MANAGEMENT’S DISCUSSION AND ANALYSIS
Table 23—Private Financial Group(1)
2003 Change From 2002 2002 Change From 2001 2001
Amount % Amount %
PERFORMANCE METRICS
Return on average assets 1.94% (0.45)% 2.39% 0.00% 2.39%
Return on average equity 24.5 2.1 22.4 2.5 19.9
Net interest margin 3.35 (0.39) 3.73 (1.40) 5.13
Efficiency ratio 70.2 (1.1) 71.2 (4.7) 75.9
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
C&I $ 866 $ (260) (23.1)% $1,126
CRE 182 182 NM —
Total commercial 1,048 (78) (6.9) 1,126
Consumer
Home equity loans & lines of credit 751 55 7.9 696
Residential mortgage 21 21 NM —
Other loans 201 199 NM 2
Total consumer 973 275 39.4 698
Total Net Charge-offs $2,021 $ 197 10.8% $1,824
Net Charge-offs—annualized percentages
C&I 0.27% (0.10)% 0.38%
CRE 0.10 0.10 —
Total commercial 0.21 (0.04) 0.25
Consumer
Home equity loans & lines of credit 0.29 (0.06) 0.35
Residential mortgage — — —
Other loans 2.51 2.49 0.03
Total consumer 0.14 (0.02) 0.16
Total Net Charge-offs 0.17% (0.03)% 0.20%
Non-performing Assets (NPA) (in millions)
C&I $ 4 $ 2 NM% $ 2
CRE — — NM —
Residential mortgage 1 1 NM —
Total Non-accrual Loans 5 3 NM 2
Renegotiated loans — — NM —
Total Non-performing Loans (NPL) 5 3 NM 2
Other real estate, net (OREO) — — NM —
Total Non-performing Assets $5 $3 NM% $2
Accruing loans past due 90 days or more (EOP) $ 3 $ (2) (40.0)% $ 5
Allowance for Loan and Lease Losses (ALLL) (EOP) $10 $ 5 NM% $ 5
ALLL as a % of total loans and leases 0.77% 0.30% 0.47%
ALLL as a % of NPLs 200.0 (50.0) 250.0
ALLL + OREO as a % of NPAs 200.0 (50.0) 250.0
NPLs as a % of total loans and leases 0.38 0.20 0.19
NPAs as a % of total loans and leases + OREO 0.38 0.20 0.19
(1) Operating basis, see page 69 for definition.
NM, not a meaningful value.
EOP, end of period.
84 HUNTINGTON BANCSHARES INCORPORATED