Huntington National Bank 2006 Annual Report Download - page 52

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 30 — Estimated Impact of Unizan Merger
2006 Twelve Months versus 2005 Twelve Months
Twelve Months Ended Unizan
December 31, Change Other
Merger Merger
2006 2005 Amount % Related Costs Amount
Average Loans and Deposits (in millions)
Loans
Middle-market C&I $ 5,501 $ 4,817 $ 684 14.2% $ 58 $ — $ 626
Middle-market CRE 3,950 3,586 364 10.2 603 — (239)
Small business 2,414 2,224 190 8.5 — — 190
Total commercial 11,865 10,627 1,238 11.6 661 — 577
Automobile loans and leases 4,088 4,465 (377) (8.4) 59 — (436)
Home equity 4,970 4,752 218 4.6 186 — 32
Residential mortgage 4,581 4,081 500 12.3 340 — 160
Other consumer 439 383 56 14.6 140 — (84)
Total consumer 14,078 13,681 397 2.9 725 — (328)
Total loans $ 25,943 $ 24,308 $ 1,635 6.7% $ 1,386 $ — $ 249
Deposits
Demand deposits — non-interest bearing $ 3,530 $ 3,379 $ 151 4.5% $ 144 $ — $ 7
Demand deposits — interest bearing 7,742 7,658 84 1.1 202 — (118)
Savings and other domestic time deposits 2,992 3,156 (164) (5.2) 426 — (590)
Core certificates of deposit 5,050 3,334 1,716 51.5 517 — 1,199
Total core deposits 19,314 17,527 1,787 10.2 1,289 — 498
Other deposits 4,870 4,485 385 8.6 150 — 235
Total deposits $ 24,184 $ 22,012 $ 2,172 9.9% $ 1,439 $ — $ 733
Selected Income Statement Categories
(in thousands)
Net interest income — FTE $1,035,202 $975,804 $ 59,398 6.1% $58,980 $ — $ 418
Service charges on deposit accounts $ 185,713 $167,834 $ 17,879 10.7% $ 5,260 $ — $ 12,619
Trust services 89,955 77,405 12,550 16.2 5,510 — 7,040
Brokerage and insurance income 58,835 53,619 5,216 9.7 1,520 — 3,696
Bank owned life insurance income 43,775 40,736 3,039 7.5 2,620 — 419
Other service charges and fees 51,354 44,348 7,006 15.8 1,030 — 5,976
Mortgage banking income (loss) 41,491 28,333 13,158 46.4 860 — 12,298
Securities gains (losses) (73,191) (8,055) (65,136) N.M. — — (65,136)
Gains on sales of automobile loans 3,095 1,211 1,884 N.M. — — 1,884
Other income 116,927 93,836 23,091 24.6 7,120 — 15,971
Sub-total before automobile operating lease income 517,954 499,267 18,687 3.7 23,920 — (5,233)
Automobile operating lease income 43,115 133,015 (89,900) (67.6) — — (89,900)
Total non-interest income $ 561,069 $632,282 $ (71,213) (11.3)% $23,920 $ — $(95,133)
Personnel costs $ 541,228 $481,658 $ 59,570 12.4% $25,750 $ 695 $ 33,125
Net occupancy 71,281 71,092 189 0.3 4,300 260 (4,371)
Outside data processing and other services 78,779 74,638 4,141 5.5 1,670 1,531 940
Equipment 69,912 63,124 6,788 10.8 1,720 45 5,023
Professional services 27,053 34,569 (7,516) (21.7) 4,910 137 (12,563)
Marketing 31,728 26,279 5,449 20.7 890 734 3,825
Telecommunications 19,252 18,648 604 3.2 1,220 148 (764)
Printing and supplies 13,864 12,573 1,291 10.3 — 159 1,132
Amortization of intangibles 9,962 829 9,133 N.M. 9,134 — (1)
Other expense 106,649 82,560 24,089 29.2 10,090 40 13,959
Sub-total before automobile operating lease expense 969,708 865,970 103,738 12.0 59,684 3,749 40,305
Automobile operating lease expense 31,286 103,850 (72,564) (69.9) — — (72,564)
Total non-interest expense $1,000,994 $969,820 $ 31,174 3.2% $59,684 $3,749 $(32,259)
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