Huntington National Bank 2005 Annual Report Download - page 83

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 31 — Dealer Sales(1)
Change From 2004 Change From 2003
2005 Amount % 2004 Amount % 2003
PERFORMANCE METRICS
Return on average assets 0.99% (0.02)% 1.01% 0.18% 0.83%
Return on average equity 18.9 2.8 16.1 2.1 14.0
Net interest margin 2.68 (0.08) 2.76 0.82 1.94
Efficiency ratio 59.0 (10.1) 69.1 (7.0) 76.1
CREDIT QUALITY (in thousands of dollars)
Net charge-offs by loan type
Commercial
Middle market commercial and industrial $ 1,432 $ 1,461 N.M.% $ (29) $ (16) N.M.% $ (13)
Middle market commercial real estate — — N.M. — — N.M. —
Total commercial 1,432 1,461 N.M. (29) (16) N.M. (13)
Consumer Auto leases 11,664 827 7.6 10,837 5,109 89.2 5,728
Auto loans 11,959 (16,585) (58.1) 28,544 (11,706) (29.1) 40,250
Home equity loans & lines of credit 18 18 N.M. — (36) N.M. 36
Other loans 871 190 27.9 681 (81) (10.6) 762
Total consumer 24,512 (15,550) (38.8) 40,062 (6,714) (14.4) 46,776
Total net charge-offs $ 25,944 $ (14,089) (35.2)% $40,033 $ (6,730) (14.4)% $46,763
Net charge-offs — annualized percentages
Commercial
Middle market commercial and industrial 0.19% 0.19% —% —% —%
Middle market commercial real estate —— —— —
Total commercial 0.18 0.18 —— —
Consumer
Auto leases 0.48 (0.01) 0.49 0.09 0.40
Auto loans 0.59 (0.66) 1.25 0.01 1.24
Home equity loans & lines of credit N.M. N.M. N.M. N.M. N.M.
Other loans 0.83 (0.05) 0.88 (0.39) 1.27
Total consumer 0.54 (0.34) 0.88 (0.11) 0.99
Total net charge-offs 0.48% (0.26)% 0.74% (0.12)% 0.86%
Non-performing assets (NPA) (in millions of dollars)
Middle market commercial and industrial $ — $ — N.M.% $ — $ — N.M.% $ —
Middle market commercial real estate — — N.M. — — N.M. —
Total non-accrual loans — — N.M. — — N.M. —
Renegotiated loans — — N.M. — — N.M. —
Total non-performing loans (NPL) — — N.M. — — N.M. —
Other real estate, net (OREO) — — N.M. — — N.M. —
Total non-performing assets $ — $ — N.M.% $ — $ — N.M.% $ —
Accruing loans past due 90 days or more $ 10 $ 3 42.9% $ 7 $ (7) (50.0)% $ 14
Allowance for loan and lease losses (ALLL) (eop) 39 2 5.4 37 (30) (44.8) 67
ALLL as a % of total loans and leases 0.74% 0.05% 0.69% (0.40)% 1.09%
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 —— —— —
NPAs as a % of total loans and leases + OREO —— —— —
N.M., not a meaningful value.
eop — End of Period.
(1) Operating basis, see Lines of Business section for definition.
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