Huntington National Bank 2009 Annual Report Download - page 110

T
he followin
g
table presents risk-wei
g
hed assets and other financial data necessar
y
to calculate certai
n
fi
nanc
i
a
l
rat
i
os,
i
nc
l
u
di
n
g
t
h
eT
i
er 1 common equ
i
t
y
rat
i
o, w
hi
c
h
we use to measure cap
i
ta
l
a
d
equac
y:
Table 50 — Ca
p
ital Ade
q
uac
y
2
009
2
008
2
00
72
006
2
005
December
31,
(
In millions
)
C
onsol
i
dated ca
pi
tal calculat
i
ons:
S
h
are
h
o
ld
ers’ common equ
i
t
y
.................
$
3
,
648
$
5
,
351
$
5
,
951
$
3
,
016
$
2
,
561
Shareholders’ preferred equit
y
................
1,688
1
,
878 — — —
T
ota
l
s
h
are
h
o
ld
ers’ equ
i
t
y
.....................
5
,336
7
,
229
5,
9
5
13
,
016 2
,5
6
1
G
ood
w
il
l
................................
(
444
)
(
3,055
)(
3,059
)(
571
)(
213
)
Intan
g
ible assets
...........................
(
289
)
(
357
)(
428
)(
59
)(
5
)
Intan
gibl
e asset
d
e
f
erre
d
tax
li
a
bili
t
y
(1
)
.........
101
12
5
1
50
21
2
Tota
l
tang
ibl
e equ
i
ty(2)
.......................
4,
7
04
3
,
942 2
,
614 2
,
407 2
,
34
5
S
h
are
h
o
ld
ers’ pre
f
erre
d
equ
i
t
y
................
(
1
,
688
)
(1
,
8
7
8)
——
—
Tota
l
tan
gibl
e common equ
i
t
y
(2
)
................
$
3
,
016
$
2
,
064
$
2
,
614
$
2
,
407
$
2
,
34
5
T
otal assets
..............................
$
51,555
$
54
,
353
$
54
,
697
$
35
,
329
$
32
,
76
5
Goo
d
w
ill
................................
(
444
)
(
3,0
55) (
3,0
5
9
)(5
71
)(
213
)
Ot
h
er
i
ntan
gibl
e asset
s
......................
(
289
)
(
3
5
7
)(
428
)(5
9
) (5)
Intan
g
ible asset deferred tax liabilit
y
(1
)
.........
101
12
5
1
50
21
2
Tota
l
tan
gibl
e assets(2)
.......................
$
50
,
923
$
51
,
066
$
51
,
360
$
34
,
720
$
32
,
54
9
T
i
er 1 equ
i
t
y
.............................
$
5
,
201
$
5
,
036
$
3
,
460
$
2
,
784
$
2
,
70
1
S
h
are
h
o
ld
ers’ pre
f
erre
d
equ
i
t
y
................
(
1
,
688
)
(1
,
8
7
8)
——
—
Trust
p
referred securitie
s
....................
(
570
)
(
736
)(
78
5) (
320
)(
300
)
REIT
p
referred stoc
k
.......................
(
50
)
(
50
)(
50
)(
50
)(
50
)
Tier 1 common equit
y
(2
)
......................
$2
,
893 $2
,
372 $ 2
,
625 $ 2
,
414 $ 2
,
35
1
Risk-wei
g
hted assets (RWA) Consolidated. . . $43
,
248
$
46
,
994
$
46
,
044
$
31
,
155
$
29
,
599
Ban
k
........
43
,
149
4
6
,
477 45
,
731 30
,
779 29
,
24
3
T
i
er 1 common equ
i
t
y
/RWA rat
i
o(2),(3)
...........
6.69
%
5
.0
5
%
5
.70% 7.7
5
% 7.94%
Tan
gibl
e equ
i
t
y
/tan
gibl
e asset rat
i
o(2
)
............
9.24
7.72
5
.0
9
6.
9
3 7.2
0
Tan
gibl
e common equ
i
t
y
/tan
gibl
e asset rat
i
o(2)
......
5
.92
4.04
5
.0
9
6.
9
3 7.20
(1) Intan
g
ible assets are net of deferred tax liabilit
y
, and calculated assumin
g
a 35% tax rate.
(2) Tan
g
ible equit
y
, Tier 1 common equit
y
, tan
g
ible common equit
y
, and tan
g
ible assets are non-GAA
P
fi
nanc
i
a
l
measures. A
ddi
t
i
ona
lly
,an
y
rat
i
os ut
ili
z
i
n
g
t
h
ese
fi
nanc
i
a
l
measures are a
l
so non-GAAP. T
h
es
e
financial measures have been included as the
y
are considered to be critical metrics with which to anal
y
z
e
and evaluate financial condition and capital stren
g
th. Other companies ma
y
calculate these financial mea
-
sures
diff
erent
ly.
(3) Based on an interim decision b
y
the bankin
g
a
g
encies on December 14, 200
6
, we have excluded th
e
impact of adoptin
g
ASC Topic 71
5
, “Compensation — Retirement Benefits”, from the re
g
ulator
y
capital
calculations
.
A
s shown in the above table
,
our consolidated TCE ratio was
5
.92% at December 31
,
2009
,
an increase
from 4.04% at December 31, 2008. The 188 basis point increase from December 31, 2008, primaril
y
reflected
the
$
796.8 million a
gg
re
g
ate of new common stock offerin
g
issuances, the
$
206.4 million conversion of
1
0
2