Huntington National Bank 2011 Annual Report Download - page 164

New Troubled Debt Restructurings During The
Year Ended December 31, 2011
Number of
Contracts
Post-modification
Outstanding
Balance(1)
Net change in
ALLL resulting
from modification
(dollar amounts in thousands)
Residential mortgage:
Interest rate reduction ................................. 10 $ 12,637 $ (567)
Amortization or maturity date change ..................... 655 91,979 1,988
Other .............................................. 26 4,391 108
Total Residential mortgage ............................... 691 $109,007 $ 1,529
First-lien home equity:
Interest rate reduction ................................. 142 $ 17,275 $ 2,722
Amortization or maturity date change ..................... 89 10,636 616
Other .............................................. — — —
Total First-lien home equity .............................. 231 $ 27,911 $ 3,338
Second-lien home equity:
Interest rate reduction ................................. 127 $ 6,521 $ 430
Amortization or maturity date change ..................... 117 4,096 39
Other .............................................. — — —
Total Second-lien home equity ............................ 244 $ 10,617 $ 469
Other consumer:
Interest rate reduction ................................. 14 $ 1,104 $ 74
Amortization or maturity date change ..................... 63 445 (21)
Other .............................................. — — —
Total Other consumer ................................... 77 $ 1,549 $ 53
TOTAL .............................................. 3,698 $583,439 $(13,771)
(1) Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs as
a result of a restructuring are not significant.
All classes within the C&I and CRE portfolios are considered as redefaulted at 90-days past due.
Automobile loans and other consumer loans are considered as redefaulted at 120-days past due. Residential
mortgage loans are considered as redefaulted at 150-days past due. The first-lien and second-lien home equity
portfolios are considered as redefaulted at 150-days past due and 120-days past due, respectively.
The following table presents TDRs modified within the previous twelve months that have subsequently
redefaulted during the year ended December 31, 2011:
Troubled Debt Restructurings Within The Previous Twelve Months
That Have Subsequently Redefaulted During The
Year ended December 31, 2011(1)
Number of
Contracts
Ending
Balance
(dollar amounts in thousands)
C&I — Owner occupied:
Interest rate reduction ........................ 13 $ 6,173
Amortization or maturity date change ........... 10 5,201
Other ..................................... 2 2,352
Total C&I — Owner occupied ................... 25 $13,726
C&I — Other commercial and industrial:
Interest rate reduction ........................ 1 $ 98
Amortization or maturity date change ........... 12 10,140
Other ..................................... — —
Total C&I — Other commercial and industrial ...... 13 $10,238
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