Huntington National Bank 2010 Annual Report Download - page 51

The following table details the change in our reported loans and deposits:
Table 7 — Average Loans/Leases and Deposits — 2010 vs. 2009
2010 2009 Amount Percent
Twelve Months Ended
December 31, Change
(Dollar amounts in millions)
Loans/Leases
Commercial and industrial ........................ $12,431 $13,136 $ (705) (5)%
Commercial real estate .......................... 7,225 9,156 (1,931) (21)
Total commercial .............................. 19,656 22,292 (2,636) (12)
Automobile loans and leases ...................... 4,890 3,546 1,344 38
Home equity .................................. 7,590 7,590 — —
Residential mortgage ............................ 4,476 4,542 (66) (1)
Other consumer................................ 661 722 (61) (8)
Total consumer ................................ 17,617 16,400 1,217 7
Total loans and leases ........................... $37,273 $38,692 $(1,419) (4)%
Deposits
Demand deposits — noninterest-bearing .............. $ 6,859 $ 6,057 $ 802 13%
Demand deposits — interest-bearing ................ 5,579 4,816 763 16
Money market deposits .......................... 11,743 7,216 4,527 63
Savings and other domestic deposits ................ 4,642 4,881 (239) (5)
Core certificates of deposit ....................... 9,188 11,944 (2,756) (23)
Total core deposits ............................. 38,011 34,914 3,097 9
Other deposits ................................. 2,727 4,475 (1,748) (39)
Total deposits ................................. $40,738 $39,389 $ 1,349 3%
The $1.4 billion, or 4%, decrease in average total loans and leases primarily reflected:
• $2.6 billion, or 12%, decline in average total commercial loans. The decline in average CRE loans
reflected our planned efforts to shrink this portfolio through payoffs and paydowns, as well as the
impact of NCOs. The decline in average C&I loans reflected a general decrease in borrowing as
evidenced by a decline in line-of-credit utilization, NCO activity, and the reclassification in the 2010
first quarter of variable rate demand notes to municipal securities.
Partially offset by:
• $1.2 billion, or 7%, increase in average total consumer loans. This growth reflected a $1.3 billion, or
38%, increase in average automobile loans and leases. On January 1, 2010, we adopted the new
accounting standard ASC — 810 Consolidation, resulting in the consolidation of an off balance sheet
securitization and increasing our automobile loan portfolio by $0.5 billion at December 31, 2010.
Underlying growth in automobile loans continued to be strong, reflecting a significant increase in loan
originations in 2010 as compared to 2009 in all of our markets. Our recent expansion into Eastern
Pennsylvania and the five New England states also began to have a positive impact on our volume.
Total average investment securities increased $2.9 billion, or 45%, reflecting the deployment of the cash
from core deposit growth and loan runoff over this period, as well as the proceeds from 2009 capital actions.
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