Huntington National Bank 2006 Annual Report Download - page 65

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 33 — Dealer Sales(1)
Change From 2005 Change From 2004
2006 Amount % 2005 Amount % 2004
PERFORMANCE METRICS
Return on average assets 1.13% 0.01% 1.12% 0.13% 0.99%
Return on average equity 22.9 4.2 18.7 2.9 15.8
Net interest margin 2.63 (0.05) 2.68 (0.07) 2.75
Efficiency ratio 51.4 (8.0) 59.4 (10.0) 69.4
CREDIT QUALITY (in thousands of dollars)
Net charge-offs by loan type
Commercial
Middle market commercial and industrial $ (174) $ (1,606) N.M.% $ 1,432 $ 1,461 N.M.% $ (29)
Total commercial (174) (1,606) N.M. 1,432 1,461 N.M. (29)
Consumer
Auto leases 10,445 (1,219) (10.5) 11,664 827 7.6 10,837
Auto loans 8,408 (3,551) (29.7) 11,959 (16,585) (58.1) 28,544
Home equity loans & lines of credit — (18) (100.0) 18 18 N.M. —
Other loans 1,156 285 32.7 871 190 27.9 681
Total consumer 20,009 (4,503) (18.4) 24,512 (15,550) (38.8) 40,062
Total net charge-offs $ 19,835 $ (6,109) (23.5)% $25,944 $(14,089) (35.2)% $40,033
Net charge-offs — annualized percentages
Commercial
Middle market commercial and industrial (0.02)% (0.21)% 0.19% 0.19% —%
Total commercial (0.02) (0.20) 0.18 0.18 —
Consumer
Auto leases 0.51 0.03 0.48 (0.01) 0.49
Auto loans 0.41 (0.18) 0.59 (0.66) 1.25
Home equity loans & lines of credit N.M. N.M. N.M. N.M. N.M.
Other loans 0.92 0.09 0.83 (0.05) 0.88
Total consumer 0.48 (0.06) 0.54 (0.34) 0.88
Total net charge-offs 0.39% (0.09)% 0.48% (0.26)% 0.74
Non-performing loans and leases (in millions of dollars)
Middle market commercial and industrial $ — $ — N.M.% $ — $ — N.M.% $ —
Middle market commercial real estate — — N.M. — — N.M. —
Total non-performing loans and leases — — 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 $ 6 $ (4) (40)% $ 10 $ 3 43% $ 7
Allowance for loan and lease losses (ALLL) (eop) 35 (4) (10.3) 39 2 5.4 37
ALLL as a % of total loans and leases 0.71% (0.03)% 0.74% 0.05% 0.69%
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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