Huntington National Bank 2009 Annual Report Download - page 52

$
0.9 billion, or 87%, decline in tradin
g
account securities due to the reduction in the use of these securities t
o
hed
g
e MSRs.
The
$
1.6 billion, or 4%, increase in avera
g
e total deposits reflected:
• $2.9 billion, or 9%,
g
rowth in total core deposits, primaril
y
reflectin
g
increased sales efforts an
d
i
n
i
t
i
at
i
ves
f
or
d
e
p
os
i
t accounts
.
Part
i
a
lly
o
ff
set
by
:
• $1.4 billion, or 24%, decline in avera
g
e noncore deposits, reflectin
g
a mana
g
ed decline in public fund
d
epos
i
ts as we
ll
as p
l
anne
d
e
ff
orts to re
d
uce our re
li
ance on noncore
f
un
di
n
g
sources.
2008
versus
2007
Full
y
-taxable equivalent net interest income for 2008 increased
$
231.1 million, or 18%, from 2007. Thi
s
reflected the favorable impact of a
$
8.4 billion, or 21%, increase in avera
g
e earnin
g
assets, of whic
h
$7.8 billion represented an increase in avera
g
e loans and leases, partiall
y
offset b
y
a decrease in the full
y-
taxable net interest mar
g
in of 11 basis points to 3.25%. The increase to avera
g
e earnin
g
assets, and to avera
ge
l
oans an
dl
eases, was pr
i
mar
ily
mer
g
er-re
l
ate
d
.
The followin
g
table details the estimated mer
g
er-related impacts on our reported loans and deposits:
Table 8 — Avera
g
e Loans
/
Leases and Depos
i
ts — Est
i
mated Mer
g
er-Related Impacts — 2008 vs. 200
7
2008 2007
A
m
ou
nt P
e
r
ce
nt
Merger-
Related Amount Percent
(
1
)
Twelve Mo
nt
hs E
n
ded
December 31, Change Nonmerger-Related
Merger-
Chan
g
e Attributable to
:
(
In millions
)
Loans
/
Leases
Commercial and industrial
..............
$13
,
588 $10
,
636 $2
,
952 27.8% $2
,
388 $ 564 4.3
%
C
ommercial real estate
................
9
,
73
2
6
,
807 2
,
925 43.0 1
,
986 939 10.
7
T
ota
l
co
mm
e
r
c
i
al
.....................
23
,
320 17
,
443 5
,
877 33.7 4
,
374 1
,
503 6.
9
A
uto
m
obile loa
n
sa
n
d leases
............
4,
5
27
4
,
118 409 9.9 216 193 4.
5
Home equ
i
t
y
........................
7
,404
6
,
173 1
,
231 19.9 1
,
193 38 0.
5
R
es
id
ent
i
a
l
mort
g
a
ge
..................
5
,018
4,939 79 1.6
55
6
(
477
)(
8.7
)
Ot
h
er consume
r
......................
691
5
29 162 30.6 72 90 1
5
.
0
T
ota
l
consume
r
......................
1
7
,640
1
5
,7
5
9 1,881 11.9 2,037
(
1
5
6
)(
0.9
)
T
otal loa
n
s
.........................
$
40
,
960
$
33
,
202
$
7
,
758 23.4%
$
6
,
411
$
1
,
347 3.4
%
De
p
os
i
t
s
Deman
dd
epos
i
ts — non
i
nterest-
b
ear
i
n
g
....
$
5
,
095
$
4,438
$
657 14.8%
$
915
$(
258
)(
4.8
)%
Demand deposits — interest-bearin
g
.......
4,003
3
,
129 874 27.9 730 144 3.
7
Mone
y
market deposit
s
................
6
,
09
3
6,173
(
80
)(
1.3
)
498
(
578
)(
8.7
)
Sav
i
n
g
san
d
ot
h
er
d
omest
i
ct
i
me
d
epos
i
ts... 5
,147
4,242 90
5
21.3 1,297
(
392
)(
7.1
)
C
ore cert
ifi
cates o
fd
e
p
os
it
.............
11,63
78
,
206 3
,
431 41.8 2
,
31
5
1
,
116 10.
6
T
ota
l
core
d
e
p
os
i
ts
...................
31,9
75 26
,
188
5,
787 22.1
5,
7
55
32 0.
1
Ot
h
er
d
e
p
os
i
ts
.......................
5
,861
4
,
878 983 20.2 672 311
5
.
6
Tota
ld
e
p
os
i
ts
.......................
$
37
,
836
$
31
,
066
$
6
,
770 21.8%
$
6
,
427
$
343 0.9
%
(1) Calculated as nonmer
g
er-related / (prior period + mer
g
er-related)
.
44