Huntington National Bank 2006 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2006 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 30 — Estimated Impact of Unizan Merger
2006 Fourth Quarter versus 2005 Fourth Quarter
Unizan
Fourth Quarter Change Other
Merger Merger
2006 2005 Amount % Related Costs Amount %
Average Loans and Deposits
(in millions)
Loans
Middle-market C&I $ 5,831 $ 4,946 $ 885 17.9% $ 70 $ — $ 815 16.5%
Middle-market CRE 3,938 3,598 340 9.4 723 — (383) (10.6)
Small business 2,543 2,230 313 14.0 — — 313 14.0
Total commercial 12,312 10,774 1,538 14.3 793 — 745 6.9
Automobile loans and leases 3,949 4,355 (406) (9.3) 71 — (477) (11.0)
Home equity 4,973 4,781 192 4.0 223 — (31) (0.6)
Residential mortgage 4,635 4,165 470 11.3 409 — 61 1.5
Other consumer 430 393 37 9.4 167 — (130) (33.1)
Total consumer 13,987 13,694 293 2.1 870 — (577) (4.2)
Total loans $ 26,299 $ 24,468 $ 1,831 7.5% $ 1,663 $ — $ 168 0.7%
Deposits
Demand deposits — non-interest
bearing $ 3,580 $ 3,444 $ 136 3.9% $ 173 $ — $ (37) (1.1)%
Demand deposits — interest bearing 7,767 7,496 271 3.6 243 — 28 0.4
Savings and other domestic time
deposits 2,849 2,984 (135) (4.5) 511 — (646) (21.6)
Core certificates of deposit 5,380 3,891 1,489 38.3 620 — 869 22.3
Total core deposits 19,576 17,815 1,761 9.9 1,547 — 214 1.2
Other deposits 5,132 4,627 505 10.9 180 — 325 7.0
Total deposits $ 24,708 $ 22,442 $ 2,266 10.1% $ 1,727 $ — $ 539 2.4%
Selected Income Statement Categories
(in thousands)
Net interest income — FTE $262,104 $247,513 $ 14,591 5.9% $17,694 $ — $ (3,103) (1.3)%
Service charges on deposit accounts $ 48,548 $ 42,083 $ 6,465 15.4% $ 1,578 $ — $ 4,887 11.6%
Trust services 23,511 20,425 3,086 15.1 1,653 — 1,433 7.0
Brokerage and insurance income 14,600 13,101 1,499 11.4 456 — 1,043 8.0
Bank owned life insurance income 10,804 10,389 415 4.0 786 — (371) (3.6)
Other service charges and fees 13,784 11,488 2,296 20.0 309 — 1,987 17.3
Mortgage banking income (loss) 6,169 8,818 (2,649) (30.0) 258 — (2,907) (33.0)
Securities gains (losses) (15,804) (8,770) (7,034) 80.2 — — (7,034) 80.2
Gains on sales of automobile loans 1,252 455 797 N.M. — — 797 N.M.
Other income 32,398 26,799 5,599 20.9 2,136 — 3,463 12.9
Sub-total before automobile operating
lease income 135,262 124,788 10,474 8.4 7,176 — 3,298 2.6
Automobile operating lease income 5,344 22,534 (17,190) (76.3) — — (17,190) (76.3)
Total non-interest income $140,606 $147,322 $ (6,716) (4.6)% $ 7,176 $ — $(13,892) (9.4)%
Personnel costs $137,944 $116,111 $ 21,833 18.8% $ 7,725 $(373) $ 14,481 12.5%
Net occupancy 17,279 17,940 (661) (3.7) 1,290 — (1,951) (10.9)
Outside data processing and other
services 20,695 19,693 1,002 5.1 501 (82) 583 3.0
Equipment 18,151 16,093 2,058 12.8 516 — 1,542 9.6
Professional services 8,958 7,440 1,518 20.4 1,473 24 21 0.3
Marketing 6,207 7,145 (938) (13.1) 267 — (1,205) (16.9)
Telecommunications 4,619 4,453 166 3.7 366 — (200) (4.5)
Printing and supplies 3,610 3,084 526 17.1 — 1 525 17.0
Amortization of intangibles 2,993 218 2,775 N.M. 2,786 — (11) (5.0)
Other expense 43,365 20,995 22,370 N.M. 3,027 1 19,342 92.1
Sub-total before automobile operating
lease expense 263,821 213,172 50,649 23.8 17,951 (429) 33,127 15.5
Automobile operating lease expense 3,969 17,183 (13,214) (76.9) — — (13,214) (76.9)
Total non-interest expense $267,790 $230,355 $ 37,435 16.3% $17,951 $(429) $ 19,913 8.6%
51