Huntington National Bank 2004 Annual Report Download - page 140

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GLOSSARY OF SELECTED FINANCIAL TERMS HUNTINGTON BANCSHARES INCORPORATED
Total Risk-Adjusted Assets – The sum of assets and credit equivalent off-balance sheet amounts that have been adjusted according to
assigned regulatory risk weights, excluding the non-qualifying portion of allowance for loan and lease losses, goodwill, and other
intangible assets.
Total Risk-Based Capital – Tier 1 Risk-Based Capital plus qualifying long-term debt and the allowance for loan and lease losses.
Treasury Stock – Common stock repurchased and held by the issuing corporation for possible future issuance.
Other Financial Terms
For analytical purposes, including understanding performance trends, decision-making, and peer comparison, management makes
certain adjustments to some data. The following terms define some of those adjustments.
Annualized – A return, yield, performance ratio, or growth rate for a time period less than one year that is adjusted to represent an
annual time period. Returns, yields, performance ratios, and growth rates are typically quoted on an annual basis for analytical
purposes and for performance comparisons to competitors.
Fully Taxable Equivalent Interest Income – Income from tax-exempt earning assets that has been increased by an amount equivalent
to the taxes that would have been paid if this income had been taxable at statutory rates, typically 35%. This adjustment puts all
earning assets, most notably tax-exempt municipal securities, on a common basis that facilitates comparison of net interest margin to
competitors.
Operating Earnings – Used in lines of business reporting and represents reported (GAAP) earnings excluding the impact of certain
specified items. Management views operating basis to be a useful indicator of underlying, or run-rate, line of business trends. (See
Lines of Business section.)
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