Huntington National Bank 2004 Annual Report Download - page 77

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 25 — Dealer Sales(1)
Change From 2003 Change From 2002
2004 Amount % 2003 Amount % 2002
PERFORMANCE METRICS
Return on average assets 1.00% 0.20 % 0.80 % 0.51 % 0.29%
Return on average equity 16.1 2.8 13.3 4.8 8.5
Net interest margin 2.75 0.81 1.94 1.80 0.14
Efficiency ratio 69.1 (6.9) 76.0 (12.0) 88.0
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
Middle market C&I $ (29) $ (16) N.M. % $ (13) $ (177) N.M. % $ 164
Middle market CRE ——— ——— —
Total commercial (29) (16) N.M. (13) (177) N.M. 164
Consumer
Auto leases 10,837 5,109 89.2 5,728 4,298 N.M. 1,430
Auto loans 28,574 (11,692) (29.0) 40,266 2,480 6.6 37,786
Home equity loans & lines of credit — (36) (100.0) 36 36 N.M. —
Other loans 681 (81) (10.6) 762 (1,514) (66.5) 2,276
Total consumer 40,092 (6,700) (14.3) 46,792 5,300 12.8 41,492
Total Net Charge-offs $ 40,063 $ (6,716) (14.4)% $ 46,779 $ 5,123 12.3 % $ 41,656
Net Charge-offs — annualized percentages
Middle market C&I —% — % —% (0.03)% 0.03%
Middle market CRE —— —— —
Total commercial —— — (0.03) 0.03
Consumer
Auto leases 0.49 0.09 0.40 0.08 0.32
Auto loans 1.25 0.01 1.24 (0.16) 1.40
Home equity loans & lines of credit N.M. N.M. N.M. N.M. N.M.
Other loans 0.88 (0.39) 1.27 (3.02) 4.29
Total consumer 0.88 (0.11) 0.99 (0.31) 1.30
Total Net Charge-offs 0.74% (0.12)% 0.86% (0.24)% 1.10%
Non-performing Assets (NPA) (in millions)
Middle market C&I $—$ — —%$ — $ (1) (100.0)% $ 1
Middle market CRE ——— ——— —
Total Non-accrual Loans ——— — (1) (100.0) 1
Renegotiated loans ——— ——— —
Total Non-performing Loans (NPL) ——— — (1) (100.0) 1
Other real estate, net (OREO) ——— ——— —
Total Non-performing Assets $—$ — —%$ — $ (1) (100.0)% $ 1
Accruing loans past due 90 days or more $ 7 $ (7) (50.0)% $14$— — $14
Allowance for Loan and Lease Losses (ALLL) (eop) 37 (14) (27.5) 51 21 70.0 30
ALLL as a % of total loans and leases 0.69% (0.19)% 0.88% 0.24 % 0.64%
ALLL as a % of NPLs N.M. N.M. N.M. N.M. N.M.
ALLL + OREO as a % of NPAs N.M. N.M. N.M. N.M. N.M.
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
N.M., not a meaningful value.
eop — end of period.
(1) Operating basis, see Lines of Business section for definition.
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