Huntington National Bank 2009 Annual Report Download - page 86
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 |
Partiall
y
offset b
y:
•
$
130 million of previousl
y
established Franklin specific reserves utilized to absorb related NCOs due t
o
t
h
e 2009
fi
rst quarter Fran
kli
n restructur
i
n
g
(see “Fran
kl
in Loan Restructurin
g
Transaction”
d
iscussion
located within the “Critical Accounting Policies and Use o
f
Signi
f
icant Estimates” section
)
.
On a combined basis, the ACL as a
p
ercent of total loans and leases at December 31, 2009, was 4.1
6%
compared with 2.30% at December 31, 2008. Like the ALLL, the Franklin restructurin
g
impacted the chan
g
e
i
nt
h
eACL
f
rom Decem
b
er 31
,
2008.
T
h
eta
bl
e
b
e
l
ow re
fl
ects
h
ow our ACL was a
ll
ocate
d
among our var
i
ous
l
oan categor
i
es
d
ur
i
ng t
h
e pas
t
fi
ve
y
ears
:
Table 31 — Allocation of Allowances for Credit Losses
(
1
)
2009 2008 200
7
2006 2005
A
t December 31
,
(
In thousands
)
Commercia
l
C
ommercial and industrial .
.
$ 492
,
205 35
%
$412
,
201 33% $295
,
555 33% $117
,
481 30% $116
,
016 28
%
C
ommerc
i
a
l
rea
l
estate . . . . 75
1,8
75
21
3
22
,
681 2
5
172
,
998 23 72
,
272 17 67
,
670 1
7
Tota
l
commerc
i
a
l
..........
1,244,080
5
6
7
34
,
882
5
8 468
,55
3
5
6 189
,
7
5
3 47 183
,
686 4
4
C
onsumer
Automo
bil
e
l
oans an
d
l
eases. . . . . . . . . . . . . .
.
57
,9
5
19
4
4
,
712 11 28
,
63
5
11 28
,
400 1
5
33
,
870 1
8
Home equit
y
........... 102
,
039 2
1
63
,
538 18 45
,
957 18 32
,
572 19 30
,
245 2
0
Residential mort
g
a
g
e.....
.
55
,
903 12
4
4
,
463 12 20
,
746 14 13
,
349 17 13
,
172 1
7
Ot
h
er
l
oans . . . . . . . . . . . .
22,
5
06 2
12
,
632 1 14
,55
11 7
,
994 2 7
,
374 1
Tota
l
consumer
...........
238,399 44
16
5
,34
5
42 109,889 44 82,31
55
3 84,661
56
Tota
l
ALLL
..............
1,482,479 100
%
900
,
227 100%
5
78
,
442 100% 272
,
068 100% 268
,
347 100
%
A
U
L
C
.................. 48
,
879
4
4
,
139 66
,
528 40
,
161 36
,
95
7
Total A
C
L............... $1
,
531
,
358 $944
,
366 $644
,
970 $312
,
229 $305
,
30
4
(1) Percenta
g
es represent the percenta
g
e of each loan and lease cate
g
or
y
to total loans and leases
.
T
able 32 reflects activit
y
in the ALLL and ACL for each of the last five
y
ears. Table 33 displa
y
s the
Fran
kli
n-re
l
ate
di
mpacts to t
h
e ALLL an
d
ACL
f
or 2009, 2008, an
d
2007. Pr
i
or to 2007, t
h
ere were not an
y
Fran
kli
n-re
l
ate
di
m
p
acts to e
i
t
h
er t
h
e ALLL or ACL.
7
8