Huntington National Bank 2004 Annual Report Download - page 89

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 28 — Total Company(1)
Change From 2003 Change From 2002
2004 Amount % 2003 Amount % 2002
PERFORMANCE METRICS
Return on average assets 1.24% 0.01% 1.23% 0.14% 1.09%
Return on average equity 16.4 0.2 16.2 3.7 12.5
Net interest margin 3.33 (0.16) 3.49 (0.14) 3.63
Efficiency ratio 65.6 0.3 65.3 (4.8) 70.1
CREDIT QUALITY (in thousands)
Net Charge-offs by Loan Type
Middle market C&I $ 1,920 $(73,883) (97.5)% $ 75,803 $(25,466) (25.1)% $101,269
Middle market CRE 7,971 22 0.3 7,949 (7,974) (50.1) 15,923
Small business loans 5,566 (6,057) (52.1) 11,623 (2,893) (19.9) 14,516
Total commercial 15,457 (79,918) (83.8) 95,375 (36,333) (27.6) 131,708
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 15,074 2,960 24.4 12,114 1,410 13.2 10,704
Residential mortgage 1,760 928 N.M. 832 (22) (2.6) 854
Other loans 6,833 (661) (8.8) 7,494 (431) (5.4) 7,925
Total consumer 63,078 (3,356) (5.1) 66,434 7,735 13.2 58,699
Total Net Charge-offs $78,535 $(83,274) (51.5)% $161,809 $(28,598) (15.0)% $190,407
Net Charge-offs — annualized percentages
Middle market C&I 0.04% (1.60)% 1.64% (0.47)% 2.11%
Middle market CRE 0.24 (0.02) 0.26 (0.30) 0.56
Small business loans 0.28 (0.37) 0.65 (0.32) 0.97
Total commercial 0.16 (0.85) 1.01 (0.43) 1.44
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 0.36 0.01 0.35 (0.02) 0.37
Residential mortgage 0.05 0.01 0.04 (0.02) 0.06
Other loans 1.52 (0.20) 1.72 0.02 1.70
Total consumer 0.51 (0.12) 0.63 (0.11) 0.74
Total Net Charge-offs 0.35% (0.46)% 0.81% (0.30)% 1.11%
Non-performing Assets (NPA) (in millions)
Middle market C&I $ 24 $ (10) (29.4)% $ 34 $ (40) (54.1)% $ 74
Middle market CRE 4 (14) (77.8) 18 (8) (30.8) 26
Small business loans 15 1 7.1 14 (5) (26.3) 19
Residential mortgage 14 5 55.6 9—— 9
Home equity 7 7 N.M. ——— —
Total Non-accrual Loans 64 (11) (14.7) 75 (53) (41.4) 128
Renegotiated loans ——— ——— —
Total Non-performing Loans (NPL) 64 (11) (14.7) 75 (53) (41.4) 128
Other real estate, net (OREO) 45 33 N.M. 12 3 33.3 9
Total Non-performing Assets $ 109 $ 22 25.3% $ 87 $ (50) (36.5)% $ 137
Accruing loans past due 90 days or more $ 54 $ (2) (3.6)% $ 56 $ (6) (9.7)% $ 62
Allowance for Loan and Lease Losses (ALLL)(eop) 271 (29) (9.7) 300 (1) (0.3) 301
ALLL as a % of total loans and leases 1.15% (0.27)% 1.42% (0.20)% 1.62%
ALLL as a % of NPLs 424.0 26.9 397.1 161.9 235.2
ALLL OREO as a % of NPAs 289.9 (68.7) 358.6 132.3 226.3
NPLs as a % of total loans and leases 0.27 (0.09) 0.36 (0.33) 0.69
NPAs as a % of total loans and leases OREO 0.46 0.05 0.41 (0.33) 0.74
SUPPLEMENTAL DATA
# employees — full-time equivalent 7,812 (171) (2.1)% 7,983 (194) (2.4)% 8,177
N.M., not a meaningful value.
eop — end of period.
(1) Operating basis, see Lines of Business section for definition.
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