Huntington National Bank 2006 Annual Report Download - page 75

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 36 — Total Company(1)
Change From 2005 Change From 2004
2006 Amount % 2005 Amount % 2004
PERFORMANCE METRICS
Return on average assets 1.31% 0.05% 1.26% 0.02% 1.24%
Return on average equity 15.7 (0.3) 16.0 (0.4) 16.4
Net interest margin 3.29 (0.04) 3.33 0.00 3.33
Efficiency ratio 59.4 (0.6) 60.0 (5.6) 65.6
CREDIT QUALITY (in thousands of dollars)
Net charge-offs by loan type
Commercial
Middle market commercial and industrial $ 6,318 $ (7,260) (53.5)% $13,578 $ 11,658 N.M.% $ 1,920
Middle market commercial real estate 6,108 2,063 51.0 4,045 (3,926) (49.3) 7,971
Small business loans 15,225 3,274 27.4 11,951 6,385 N.M. 5,566
Total commercial 27,651 (1,923) (6.5) 29,574 14,117 91.3 15,457
Consumer
Auto leases 10,445 (1,219) (10.5) 11,664 827 7.6 10,837
Auto loans 8,330 (3,658) (30.5) 11,988 (16,586) (58.0) 28,574
Home equity loans & lines of credit 21,854 4,235 24.0 17,619 2,545 16.9 15,074
Residential mortgage 4,505 2,173 93.2 2,332 572 32.5 1,760
Other loans 9,591 2,711 39.4 6,880 47 0.7 6,833
Total consumer 54,725 4,242 8.4 50,483 (12,595) (20.0) 63,078
Total net charge-offs $ 82,376 $ 2,319 2.9% $80,057 $ 1,522 1.9% $78,535
Net charge-offs — annualized percentages
Commercial
Middle market commercial and industrial 0.11% (0.17)% 0.28% 0.24% 0.04%
Middle market commercial real estate 0.15 0.04 0.11 (0.13) 0.24
Small business loans 0.63 0.09 0.54 0.26 0.28
Total commercial 0.23 (0.05) 0.28 0.12 0.16
Consumer
Auto leases 0.51 0.03 0.48 (0.01) 0.49
Auto loans 0.40 (0.19) 0.59 (0.66) 1.25
Home equity loans & lines of credit 0.44 0.07 0.37 0.01 0.36
Residential mortgage 0.10 0.04 0.06 0.01 0.05
Other loans 2.18 0.39 1.79 0.05 1.74
Total consumer 0.39 0.02 0.37 (0.14) 0.51
Total net charge-offs 0.32% (0.01)% 0.33% (0.02)% 0.35%
Non-performing loans and leases (in millions of dollars)
Middle market commercial and industrial $ 36 $ 8 28.6% $ 28 $ 4 16.7% $ 24
Middle market commercial real estate 35 19 N.M. 16 12 N.M. 4
Small business loans 26 (3) (10.3) 29 14 93.3 15
Residential mortgage 32 14 77.8 18 4 28.6 14
Home equity 15 4 36.4 11 4 57.1 7
Total non-performing loans and leases 144 42 41.2 102 38 59.4 64
Other real estate, net (OREO) 50 35 N.M. 15 (30) (66.7) 45
Total non-performing assets $ 194 $ 77 65.8% $ 117 $ 8 7.3% $ 109
Accruing loans past due 90 days or more $ 59 $ 3 5.4% $ 56 $ 2 3.7% $ 54
Allowance for loan and lease losses (ALLL) (eop) 272 4 1.5 268 (3) (1.1) 271
ALLL as a % of total loans and leases 1.04% (0.06)% 1.10% (0.05)% 1.15%
ALLL as a % of NPLs 189.0 (74.0) 263.0 (161.0) 424.0
ALLL + OREO as a % of NPAs 166.0 (75.9) 241.9 (48.0) 289.9
NPLs as a % of total loans and leases 0.55 0.13 0.42 0.15 0.27
NPAs as a % of total loans and leases + OREO 0.74 0.26 0.48 0.02 0.46
SUPPLEMENTAL DATA
# employees — full-time equivalent 8,081 479 6.3% 7,602 (210) (2.7)% 7,812
N.M., not a meaningful value.
eop — End of Period.
(1) Operating basis, see Lines of Business section for definition.
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