Huntington National Bank 2008 Annual Report Download - page 41

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Total consumer loans were $17.5 billion at December 31, 2008, and represented 42% of our total credit exposure. The consumer
portfolio was diversified among home equity loans, residential mortgages, and automobile loans and leases (see “Consumer Credit”
discussion). Our home equity and residential mortgages portfolios represented $12.3 billion, or 30%, of our total loans and leases.
These portfolios are discussed in greater detail below in the “Consumer Credit” section.
Table 16 — Loan and Lease Portfolio Composition
(in millions) 2008 2007 2006 2005 2004
At December 31,
Commercial
(1)
Commercial and industrial $12,891 31.2% $11,939 29.8% $ 7,850 30.0% $ 6,809 27.6% $ 5,830 24.1%
Franklin Credit Management Corporation 650 1.6 1,187 3.0 — — — — — —
Construction 2,080 5.0 1,962 4.9 1,229 4.7 1,538 6.2 1,663 6.9
Commercial 8,018 19.4 7,221 18.0 3,275 12.5 2,498 10.1 2,810 11.6
Total commercial real estate 10,098 24.4 9,183 22.9 4,504 17.2 4,036 16.3 4,473 18.5
Total commercial 23,639 57.2 22,309 55.7 12,354 47.2 10,845 43.9 10,303 42.6
Consumer:
Automobile loans 3,901 9.4 3,114 7.8 2,126 8.2 1,985 8.0 1,949 8.1
Automobile leases 563 1.4 1,180 2.9 1,769 6.8 2,289 9.3 2,443 10.1
Home equity 7,557 18.3 7,290 18.2 4,927 18.8 4,763 19.3 4,647 19.2
Residential mortgage 4,761 11.5 5,447 13.6 4,549 17.4 4,193 17.0 3,829 15.9
Other loans 671 1.6 715 1.6 428 1.5 397 1.7 389 1.7
Total consumer 17,453 42.2 17,746 44.1 13,799 52.7 13,627 55.3 13,257 55.0
Total loans and direct financing leases 41,092 99.4 40,055 99.8 26,153 99.9 24,472 99.2 23,560 97.6
Automobile operating lease assets 243 0.6 68 0.2 28 0.1 189 0.8 587 2.4
Total credit exposure $41,335 100.0% $40,123 100.0% $26,181 100.0% $24,661 100.0% $24,147 100.0%
Total automobile exposure
(2)
$ 4,707 11.4% $ 4,362 10.9% $ 3,923 15.0% $ 4,463 18.1% $ 4,979 20.6%
By Business Segment
(3)
Regional Banking:
Central Ohio $ 5,338 13.0% $ 5,150 12.8%
Northwest Ohio 2,123 5.2 2,281 5.7
Greater Cleveland 3,308 8.1 3,104 7.7
Greater Akron/Canton 2,628 6.4 2,477 6.2
Southern Ohio/Kentucky 3,150 7.7 2,668 6.7
Mahoning Valley 1,244 3.0 1,275 3.2
West Michigan 2,680 6.5 2,479 6.2
East Michigan 1,800 4.4 1,748 4.4
Pittsburgh 1,942 4.7 1,859 4.6
Central Indiana 1,562 3.8 1,421 3.5
West Virginia 1,325 3.2 1,156 2.9
Other Regional 4,775 11.6 5,062 12.6
Regional Banking 31,875 77.6 30,680 76.5
Dealer Sales 5,956 14.5 5,633 14.1
Private Financial and Capital Markets Group 2,611 6.3 2,554 6.4
Treasury/Other
(4)
650 1.6 1,188 3.0
Total loans and direct financing leases $41,092 100.0% $40,055 100.0%
(1) There were no commercial loans outstanding that would be considered a concentration of lending to a particular industry or group of industries.
(2) Total automobile loans and leases, operating lease assets, and securitized loans.
(3) Prior period amounts have been reclassified to conform to the current period business segment structure.
(4) 2008 and 2007 included loans to Franklin.
39
Management’s Discussion and Analysis Huntington Bancshares Incorporated