Huntington National Bank 2004 Annual Report Download - page 87

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 27 — Treasury/Other(1)
Change From 2003 Change From 2002
2004 Amount % 2003 Amount % 2002
PERFORMANCE METRICS
Return on average assets 0.95% (0.84)% 1.79% (2.39)% 4.18%
Return on average equity 8.1 (7.6) 15.7 3.1 12.6
Net interest margin 1.56 (0.98) 2.54 (1.28) 3.82
Efficiency ratio 72.5 28.1 44.4 14.5 29.9
CREDIT QUALITY
Net Charge-offs by Loan Type (in thousands)
Middle market C&I $ 969 $ 1,091 N.M.% $ (122) $ (5,598) N.M.% $ 5,476
Middle market CRE 4,233 4,232 N.M. 1 1 N.M. —
Total commercial 5,202 5,323 N.M. (121) (5,597) N.M. 5,476
Total Net Charge-offs $5,202 $ 5,323 N.M.% $ (121) $ (5,597) N.M.% $ 5,476
Net Charge-offs — annualized percentages
Middle market C&I 0.96% 1.27% (0.31)% (21.37)% 21.06%
Middle market CRE 7.06 7.06 —— —
Total commercial 3.23 3.33 (0.10) (7.12) 7.02
Total Net Charge–offs 3.23% 3.33% (0.10)% (7.12)% 7.02%
Non–performing Assets (NPA) (in millions)
Middle market C&I $— $ — —% $— $ — —% $ —
Middle market CRE 1 (9) (90.0) 10 10 N.M. —
Total Non–accrual Loans 1 (9) (90.0) 10 10 N.M. —
Renegotiated loans ——— ——— —
Total Non–performing Loans (NPL) 1 (9) (90.0) 10 10 N.M. —
Other real estate, net (OREO) 35 35 N.M. ——— —
Total Non–performing Assets $ 36 $ 26 N.M.% $ 10 $ 10 N.M.% $ —
Accruing loans past due 90 days or more $— $ — —% $— $ — —% $ —
Allowance for Loan and Lease Losses (ALLL)(eop) 49 (28) (36.4) 77 (26) (25.2) 103
ALLL as a % of total loans and leases 24.38% (14.91)% 39.29% (16.39)% 55.68%
ALLL as a % of NPLs N.M. N.M. N.M. N.M. N.M.
ALLL + OREO as a % of NPAs 233.3 N.M. N.M. N.M. N.M.
NPLs as a % of total loans and leases 0.50 (4.60) 5.10 5.10 —
NPAs as a % of total loans and leases + OREO 15.25 10.15 5.10 5.10 —
SUPPLEMENTAL DATA
# employees — full-time equivalent (eop) 1,975 (15) (0.8)% 1,990 (108) (5.1)% 2,098
N.M., not a meaningful value.
eop — end of period.
(1) Operating basis, see Lines of Business section for definition.
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