Huntington National Bank 2009 Annual Report Download - page 51

T
he followin
g
table details the chan
g
e in our reported loans and deposits:
Table 7 — Avera
g
e Loans
/
Leases and Depos
i
ts — 2009 vs. 200
8
2009 2008
A
m
ou
nt P
e
r
ce
n
t
T
we
l
ve
M
ont
h
s
E
n
d
e
d
December 31,
C
han
g
e
(
In millions
)
Loans
/
Leases
C
ommercial and industria
l
........................
$13
,
136 $13,588 $
(
452
)(
3
)%
C
ommercial real estat
e
..........................
9
,
156 9,732
(
576
)(
6
)
Tota
l
co
mm
e
r
c
i
a
l
..............................
2
2
,
292 23,320
(
1,028
)(
4
)
A
uto
m
ob
il
e
l
oa
n
sa
n
d
l
eases
......................
3,
546 4,527
(
981
)(
22
)
Home equ
i
t
y
..................................
7
,
5
90
7
,
404 18
63
R
es
id
ent
i
a
l
mort
g
a
ge
............................
4,
5
42
5
,018
(
476
)(
9
)
O
t
h
er consumer
................................
722
6
91 31
4
Total co
n
su
m
er
................................
16,400
17,
6
40
(
1,240
)(
7
)
Total loa
n
s
...................................
$
38
,
692
$
40,960
$(
2,268
)(
6
)%
De
p
os
i
ts
Deman
dd
epos
i
ts — non
i
nterest-
b
ear
i
n
g
..............
$
6
,
057
$
5
,
095
$
962 19
%
Demand deposits — interest-bearin
g
................
4,816
4
,
003 813 2
0
Mone
y
market deposit
s
..........................
7
,
216 6
,
093 1
,
123 1
8
Savin
g
s and other domestic time deposit
s
.............
4,
88
1
5,147
(
266
)(
5
)
C
ore cert
ifi
cates o
fd
epos
it
.......................
11
,
944
11
,6
37 307
3
Total core de
p
osit
s
.............................
3
4
,
91
4
31
,
975 2
,
939
9
Ot
h
er
d
e
p
os
i
t
s
.................................
4,4
7
5
5
,861
(
1,386
)(
24
)
Tota
ld
e
p
os
i
t
s
.................................
$
39
,
389
$
37
,
836
$
1
,
553 4
%
The $2.3 billion, or 6%, decrease in avera
g
e total loans and leases primaril
y
reflected
:
•
$
1.0 billion, or 4%, decline in avera
g
e total commercial loans. The decline in avera
g
e CRE loan
s
reflected our planned efforts to shrink this portfolio throu
g
hpa
y
offs and pa
y
downs, as well as th
e
i
mpact o
f
c
h
ar
g
e-o
ff
san
d
t
h
e 2009 rec
l
ass
ifi
cat
i
ons o
f
CRE
l
oans to C&I
l
oans
(
see “Commercia
l
C
re
d
it” section
)
.T
h
e
d
ec
li
ne
i
n avera
g
e C&I
l
oans re
fl
ecte
d
pa
yd
owns, t
h
e Fran
kli
n restructur
i
n
g
,an
d
a reduction in the line-of-credit utilization in our automobile dealer floorplan exposure; partiall
y
offset
b
y
the 2009 reclassifications.
• $1.0 billion, or 22%, decline in avera
g
e automobile loans and leases due to the 2009 securitization o
f
$
1.0 billion of automobile loans, as well as the continued runoff of the automobile lease portfolio
.
• $0.5 billion, or 9%, decline in residential mort
g
a
g
es reflectin
g
the impact of loan sales, as well as th
e
cont
i
nue
d
re
fi
nance o
f
port
f
o
li
o
l
oans. T
h
ema
j
or
i
t
y
o
f
t
hi
sre
fi
nance act
i
v
i
t
y
was
fi
xe
d
-rate
l
oans,
w
hi
c
h
we t
y
p
i
ca
lly
se
ll i
nt
h
e secon
d
ar
y
mar
k
et
.
Part
i
a
lly
o
ff
set
by:
•
$
0.2 billion, or 3%, increase in avera
g
e home equit
y
loans reflectin
g
hi
g
her utilization of existin
g
line
s
resu
l
t
i
n
gf
rom
high
er qua
li
t
yb
orrowers ta
ki
n
g
a
d
vanta
g
eo
f
t
h
e current re
l
at
i
ve
ly l
ower
i
nterest rat
e
environment
,
as well as a slowdown in runoff.
Total avera
g
e investment securities increased
$
1.7 billion, or 38%, as the cash proceeds from core deposit
g
rowth and the capital actions initiated durin
g
2009 were deplo
y
ed. This increase was partiall
y
offset b
ya
43