Huntington National Bank 2004 Annual Report Download - page 82

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 26 — Private Financial Group(1)
Change From 2003 Change From 2002
2004 Amount % 2003 Amount % 2002
PERFORMANCE METRICS
Return on average assets 1.79% (0.15)% 1.94% (0.45)% 2.39%
Return on average equity 23.1 (1.4) 24.5 2.2 22.3
Net interest margin 3.21 (0.14) 3.35 (0.38) 3.73
Efficiency ratio 72.0 1.8 70.2 (1.1) 71.3
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
Middle market C&I $ 972 $ 106 12.2 % $ 866 $ (260) (23.1)% $1,126
Middle market CRE 250 68 37.4 182 182 N.M. —
Total commercial 1,222 174 16.6 1,048 (78) (6.9) 1,126
Consumer
Home equity loans & lines of credit 1,255 504 67.1 751 55 7.9 696
Residential mortgage 233 212 N.M. 21 21 N.M. —
Other loans 209 8 4.0 201 199 N.M. 2
Total consumer 1,697 724 74.4 973 275 39.4 698
Total Net Charge-offs $2,919 $ 898 44.4 % $2,021 $ 197 10.8 % $1,824
Net Charge-offs — annualized percentages
Middle market C&I 0.28% 0.01 % 0.27% (0.11)% 0.38%
Middle market CRE 0.13 0.03 0.10 0.10 —
Total commercial and commercial real estate 0.22 0.01 0.21 (0.04) 0.25
Consumer
Home equity loans & lines of credit 0.42 0.13 0.29 (0.06) 0.35
Residential mortgage 0.04 0.04 —— —
Other loans 2.32 (0.19) 2.51 2.48 0.03
Total consumer 0.21 0.07 0.14 (0.02) 0.16
Total Net Charge-offs 0.21% 0.04 % 0.17% (0.03)% 0.20%
Non-performing Assets (NPA) (in millions)
Middle market C&I $ 2 $ (2) (50.0)% $ 4 $ 2 100.0 % $ 2
Middle market CRE 1 1 N.M. —— — —
Residential mortgage 2 1 100.0 1 1 N.M. —
Home equity ——— —— — —
Total Non-accrual Loans 5—— 5 3 N.M. 2
Renegotiated loans ——— —— — —
Total Non-performing Loans (NPL) 5—— 5 3 N.M. 2
Other real estate, net (OREO) 1 1 N.M. —— — —
Total Non-performing Assets $ 6 $ 1 20.0 % $ 5 $ 3 N.M. $ 2
Accruing loans past due 90 days or more $ 4 $ 1 33.3 % $ 3 $ (2) (40.0)% $ 5
Allowance for Loan and Lease Losses (ALLL) (eop) 9 (1) (10.0) 10 5 100.0 5
ALLL as a % of total loans and leases 0.60% (0.17)% 0.77% 0.30 % 0.47%
ALLL as a of NPLs 180.0 (20.0) 200.0 (50.0) 250.0
ALLL + OREO as a % of NPAs 166.7 (33.3) 200.0 (50.0) 250.0
NPLs as a % of total loans and leases 0.34 (0.05) 0.39 0.20 0.19
NPAs as a % of total loans and leases + OREO 0.40 0.01 0.39 0.20 0.19
N.M., not a meaningful value.
eop — end of period.
(1) Operating basis, see Lines of Business section for definition.
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