Huntington National Bank 2009 Annual Report Download - page 69

Credit exposures ma
y
be desi
g
nated as monitored credits when warranted b
y
individual borrowe
r
per
f
ormance, or
by i
n
d
ustr
y
an
d
env
i
ronmenta
lf
actors. Mon
i
tore
d
cre
di
ts are su
bj
ecte
d
to a
ddi
t
i
ona
l
mont
hly
reviews in order to adequatel
y
assess the borrower’s credit status and to take appropriate action
.
The Special Assets Division (SAD) is a specialized credit
g
roup that handles workouts, commercia
l
recoveries, and problem loan sales. This
g
roup is involved in the da
y
-to- da
y
mana
g
ement of relationships
rate
d
su
b
stan
d
ar
d
or
l
ower. Its respons
ibili
t
i
es
i
nc
l
u
d
e
d
eve
l
op
i
n
g
an act
i
on p
l
an, assess
i
n
g
t
h
er
i
s
k
rat
i
n
g
,an
d
d
eterm
i
n
i
n
g
t
h
ea
d
equac
y
o
f
t
h
e reserve, t
h
e accrua
l
status, an
d
t
h
eu
l
t
i
mate co
ll
ect
ibili
t
y
o
f
t
h
e mana
g
e
d
monitored credits
.
Our commerc
i
a
ll
oan port
f
o
li
o,
i
nc
l
u
di
n
g
CRE
l
oans,
i
s
di
vers
ifi
e
dby
customer s
i
ze, as we
ll
a
s
throu
g
hout our
g
eo
g
raphic footprint. Certain se
g
ments of our commercial loan portfolio are discussed in
f
urt
h
er
d
eta
il b
e
l
o
w:
COMMERCIAL REAL ESTATE
(
CRE
)
PORTFOLI
O
As shown in the followin
g
table, CRE loans totaled
$
7.7 billion and represented 21% of our total loan
ex
p
osure at Decem
b
er 31, 2009
.
Table 18 —
C
ommerc
i
al Real Estate Loans by Property Type and Property Locat
i
o
n
O
h
i
oM
i
ch
ig
an Pennsylvan
i
a Ind
i
ana Kentucky Flor
i
d
a
W
est
V
i
r
gi
n
i
a
O
the
r
T
ota
l
Amount
%
A
t December 31
,
2009
(
In millions
)
R
etail
p
ro
p
erties . . . . . .
$
866
$
208
$
161
$
213
$
8
$
69
$
48
$
542
$
2
,
115 28
%
Multi famil
y.
........ 810 132 97 77 37 6 7
5
13
5
1,369 18
Offi
c
e
.............
5
76 1
9
7 113
55
24 23
59
6
9
1,116 14
In
dust
r
ial a
n
d
w
are
h
ous
e
........ 431 199 3
5
93 14 41 9 11
0
932 12
Sin
g
le famil
y
home
builders
..
........ 528 78 48 24 22 84 1
9
5
4
8
57 1
1
L
i
n
es to
r
eal estate
com
p
an
i
e
s
........ 487 6
9
36 28
5
1
93
638 8
H
otel
............. 14
656
2
33
1— —427
5
3
7
35
Health care
.
........ 4
95
614————
—
119 2
Raw
l
an
d
an
d
ot
h
er
l
an
d
uses
.............
50
27
5665
2
32
133 2
Ot
h
e
r
.............
28 4 2 1 1
——
1
3
7—
To
t
al
...............
$
3
,
971
$
1
,
026
$
534
$
528
$
117
$
229
$
263
$
1
,
02
1
$
7
,
689 100
%
% of total
p
ortfolio . . . . . .
5
2% 13% 7% 7% 2% 3% 3% 13
%
100
%
N
et c
h
ar
g
e-o
ffs
........
$
320.6
$
129.5
$
7.1
$
24.0
$
5.5
$
79.1
$
8.1
$
108.
8
$
682.
7
Net c
h
ar
g
e-o
ff
s—
annualized % . . . . . . 6.78% 10.60% 1.12% 3.82% 3.
9
8% 28.
9
8% 2.
5
8% 8.
95%
7.46
%
N
onaccrua
ll
oans
.......
$
463.0
$
123.8
$
42.8
$
37.5
$
12.1
$
45.5
$
18.2
$
192.
9
$
935.
8
%of
p
ortfoli
o
........ 12% 12% 8% 7% 10% 20% 7% 1
9%
12
%
6
1