Huntington National Bank 2009 Annual Report Download - page 53

The
$
1.3 billion, or 3%, nonmer
g
er-related increase in avera
g
e total loans and leases primaril
y
reflected:
•
$
1.5 billion, or 7%,
g
rowth in avera
g
e total commercial loans, with
g
rowth reflected in both the C&I
and CRE portfolios. The
g
rowth in CRE loans was primaril
y
to existin
g
borrowers with a focus o
n
traditional income producin
g
propert
y
t
y
pes and was not related to the sin
g
le famil
y
home builde
r
s
e
g
ment. The
g
rowth in C&I loans reflected a combination of draws associated with existin
g
comm
i
tments, new
l
oans to ex
i
st
i
n
gb
orrowers, an
d
some or
igi
nat
i
ons to new
high
qua
li
t
yb
orrowers
.
Part
i
a
lly
o
ff
set
by:
• $0.2 billion, or 1%, decline in total avera
g
e consumer loans reflectin
g
a $0.5 billion, or 9%, decline i
n
res
id
ent
i
a
l
mort
g
a
g
es
d
ue to
l
oan sa
l
es, as we
ll
as t
h
e cont
i
nue
d
s
l
ow
d
own
i
nt
h
e
h
ous
i
n
g
mar
k
ets. T
his
decrease was partiall
y
offset b
y
a
$
0.2 billion, or 4%, increase in avera
g
e automobile loans and lease
s
reflectin
g
hi
g
her automobile loan ori
g
inations, althou
g
h automobile loan ori
g
ination volumes hav
e
d
ec
li
ne
d
t
h
rou
gh
out 2008
d
ue to t
h
e
i
n
d
ustr
y
w
id
e
d
ec
li
ne
i
nsa
l
es. Automo
bil
e
l
ease or
igi
nat
i
o
n
vo
l
umes
h
ave a
l
so
d
ec
li
ne
d
t
h
rou
gh
out 2008. Dur
i
n
g
t
h
e 2008
f
ourt
h
quarter, we ex
i
te
d
t
h
e automo
bile
leasin
g
business.
A
vera
g
e other earnin
g
assets increased
$
0.7 billion, primaril
y
reflectin
g
the increase in avera
g
e tradin
g
account securities. The increase in these assets reflected a chan
g
e in our strate
gy
to use tradin
g
accoun
t
secur
i
t
i
es to
h
e
dg
et
h
ec
h
an
g
e
i
n
f
a
i
rva
l
ue o
f
our MSRs,
h
owever, t
h
e pract
i
ce o
fh
e
dgi
n
g
t
h
ec
h
an
g
e
i
n
f
a
ir
va
l
ue o
f
our MSRs us
i
n
g
on-
b
a
l
ance s
h
eet tra
di
n
g
assets cease
d
at t
h
een
d
o
f
2008
.
The
$
0.3 billion, or 1%, increase in avera
g
e total deposits reflected
g
rowth in other deposits. Thes
e
deposits were primaril
y
other domestic time deposits of
$
250,000 or more reflectin
g
increases in commercia
l
and public fund deposits. Chan
g
es from the prior
y
ear also reflected customers transferrin
g
funds from lowe
r
rate to
high
er rate accounts suc
h
as cert
ifi
cates o
fd
epos
i
tass
h
ort-term rates
h
a
df
a
ll
en
.
4
5