Huntington National Bank 2003 Annual Report Download - page 92

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MANAGEMENT’S DISCUSSION AND ANALYSIS
Table 25—Total Company(1)
2003 Change From 2002 2002 Change From 2001 2001
Amount % Amount %
PERFORMANCE METRICS
Return on average assets 1.23% 0.14% 1.09% 0.28% 0.81%
Return on average equity 16.2 3.8 12.5 3.9 8.6
Net interest margin 3.49 (0.14) 3.63 0.33 3.30
Efficiency ratio 65.3 (4.8) 70.1 (4.8) 74.9
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
C&I $ 84,858 $(29,469) (25.8)% $114,327
CRE 10,517 (6,864) (39.5) 17,381
Total commercial 95,375 (36,333) (27.6) 131,708
Consumer
Auto leases 5,728 4,298 NM 1,430
Auto loans 40,266 2,480 6.6 37,786
Home equity loans & lines of credit 14,604 2,234 18.1 12,370
Residential mortgage 832 (22) (2.6) 854
Other loans 5,004 (1,255) (20.1) 6,259
Total consumer 66,434 7,735 13.2 58,699
Total Net Charge-offs $161,809 $(28,598) (15.0)% $190,407
Net Charge-offs—annualized percentages
C&I 1.54% (0.50)% 2.05%
CRE 0.27 (0.22) 0.49
Total commercial 1.01 (0.43) 1.44
Consumer
Auto leases 0.40 0.08 0.32
Auto loans 1.24 (0.16) 1.40
Home equity loans & lines of credit 0.42 0.01 0.41
Residential mortgage 0.04 (0.02) 0.06
Other loans 1.32 (0.21) 1.53
Total consumer 0.63 (0.11) 0.74
Total Net Charge-offs 0.81% (0.31)% 1.11%
Non-performing Assets (NPA) (in millions)
C&I $ 43 $ (49) (53.3)% $ 92
CRE 22 (5) (18.5) 27
Residential mortgage 10 1 11.1 9
Total Non-accrual Loans 75 (53) (41.4) 128
Renegotiated loans — — NM —
Total Non-performing Loans (NPL) 75 (53) (41.4) 128
Other real estate, net (OREO) 12 3 33.3 9
Total Non-performing Assets $ 87 $ (50) (36.5)% $ 137
Accruing loans past due 90 days or more (EOP) $ 56 $ (6) (9.7)% $ 62
Allowance for Loan and Lease Losses (ALLL) (EOP) $ 335 $ (2) (0.6)% $ 337
ALLL as a % of total loans and leases 1.59% (0.22)% 1.81%
ALLL as a % of NPLs 444.2 181.3 262.9
ALLL + OREO as a % of NPAs 398.9 146.3 252.6
NPLs as a % of total loans and leases 0.36 (0.33) 0.69
NPAs as a % of total loans and leases + OREO 0.41 (0.32) 0.74
SUPPLEMENTAL DATA
# employees—full-time equivalent (EOP) 7,983 (194) (2.4)% 8,177
(1) Operating basis, see page 69 for definition.
NM, not a meaningful value.
EOP, end of period.
90 HUNTINGTON BANCSHARES INCORPORATED