Huntington National Bank 2011 Annual Report Download - page 76

The following table reflects activity in the ALLL and ACL for each of the last five years.
Table 18 — Summary of Allowance for Credit Losses and Related Statistics
Year Ended December 31,
2011 2010 2009 2008 2007
(dollar amounts in thousands)
Allowance for loan and lease losses, beginning of year ................ $1,249,008 $ 1,482,479 $ 900,227 $ 578,442 $ 272,068
Acquired allowance for loan and lease losses ........................ —— — — 188,128
Loan and lease charge-offs
Commercial:
Commercial and industrial .................................... (134,385) (316,771) (525,262) (538,434) (359,457)
Commercial real estate:
Construction ............................................. (42,012) (116,428) (196,148) (6,631) (11,902)
Commercial ............................................. (140,747) (187,567) (500,534) (65,565) (29,152)
Commercial real estate ....................................... (182,759) (303,995) (696,682) (72,196) (41,054)
Total commercial ............................................. (317,144) (620,766) (1,221,944) (610,630) (400,511)
Consumer:
Automobile ................................................ (33,593) (46,308) (76,141) (72,108) (41,241)
Home equity ............................................... (109,427) (140,831) (110,400) (70,457) (37,221)
Residential mortgage ........................................ (65,069) (163,427) (111,899) (23,012) (12,196)
Other consumer ............................................. (32,520) (32,575) (40,993) (30,123) (26,773)
Total consumer ............................................... (240,609) (383,141) (339,433) (195,700) (117,431)
Total charge-offs ............................................... (557,753) (1,003,907) (1,561,378) (806,330) (517,942)
Recoveries of loan and lease charge-offs
Commercial:
Commercial and industrial .................................... 44,686 61,839 37,656 12,269 13,617
Commercial real estate:
Construction ............................................. 10,488 7,420 3,442 5 48
Commercial ............................................. 24,170 21,013 10,509 3,451 1,902
Total commercial real estate ................................... 34,658 28,433 13,951 3,456 1,950
Total commercial ............................................. 79,344 90,272 51,607 15,725 15,567
Consumer:
Automobile ................................................ 18,526 19,736 19,809 17,543 13,549
Home equity ............................................... 7,630 1,458 4,224 2,901 2,795
Residential mortgage ........................................ 8,388 10,532 1,697 1,765 825
Other consumer ............................................. 6,776 7,435 7,454 10,329 7,575
Total consumer ............................................... 41,320 39,161 33,184 32,538 24,744
Total recoveries ................................................ 120,664 129,433 84,791 48,263 40,311
Net loan and lease charge-offs .................................... (437,089) (874,474) (1,476,587) (758,067) (477,631)
Provision for loan and lease losses .................................. 167,730 641,299 2,069,931 1,067,789 628,802
Economic reserve transfer ........................................ —— — 12,063 —
Allowance for assets sold and securitized or transferred to loans held for sale . . . (14,821) (296) (11,092) — (32,925)
Allowance for loan and lease losses, end of year ..................... 964,828 1,249,008 1,482,479 900,227 578,442
Allowance for unfunded loan commitments, beginning of year ........... 42,127 48,879 44,139 66,528 40,161
Acquired allowance for unfunded loan commitments ................... —— — — 11,541
(Reduction in) Provision for unfunded loan commitments and letters of
credit losses .................................................. 6,329 (6,752) 4,740 (10,326) 14,826
Economic reserve transfer ........................................ —— — (12,063) —
Allowance for unfunded loan commitments, end of year .............. 48,456 42,127 48,879 44,139 66,528
Allowance for credit losses, end of year ............................ $1,013,284 $ 1,291,135 $ 1,531,358 $ 944,366 $ 644,970
ALLL as a % of total period end loans and leases ...................... 2.48% 3.28% 4.03% 2.19% 1.44%
AULC as a % of total period end loans and leases ...................... 0.12 0.11 0.13 0.11 0.17
ACL as a % of total period end loans and leases ..................... 2.60% 3.39% 4.16% 2.30% 1.61%
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