Huntington National Bank 2013 Annual Report Download - page 120
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114
Loan and Lease Portfolio Composition
The table below summarizes the Company’s primary portfolios. For ACL purposes, these portfolios are further disaggregated
into classes which are also summarized in the table below.
Portfolio Class
Commercial and industrial Owner occupied
Purchased credit-impaired
Other commercial and industrial
Commercial real estate Retail properties
Multi family
Office
Industrial and warehouse
Purchased credit-impaired
Other commercial real estate
Automobile NA (1)
Home equity Secured by first-lien
Secured by junior-lien
Residential mortgage Residential mortgage
Purchased credit-impaired
Other consumer Other consumer
Purchased credit-impaired
(1) Not applicable. The automobile loan portfolio is not further segregated into classes.
Effective December 31, 2013 approximately $600.4 million of direct purchase municipal instruments were reclassified from C&I
loans to available-for-sale securities.
Direct Financing Leases
Huntington’s loan and lease portfolio includes lease financing receivables consisting of direct financing leases on equipment,
which are included in C&I loans. Lease financing receivables at December 31, 2012 also included a minimal amount of automobile
leases, which were included in Consumer loans. Net investments in lease financing receivables by category at December 31, 2013 and
2012 were as follows:
At December 31,
(dollar amounts in thousands) 2013 2012
Commercial and industrial:
Lease payments receivable $ 1,426,928 $ 1,477,296
Estimated residual value of leased assets 409,184 332,369
Gross investment in commercial lease financing receivables 1,836,112 1,809,665
N
et deferred origination costs 3,105 2,805
Unearned income (165,052) (142,904)
Total net investment in commercial lease financing receivables $ 1,674,165 $ 1,669,566
Consumer:
Total net investment in consumer lease financing receivables $ --- $ 615
The future lease rental payments due from customers on direct financing leases at December 31, 2013, totaled $1.4 billion and
were as follows: $0.6 billion in 2014, $0.3 billion in 2015, $0.2 billion in 2016, $0.1 billion in 2017, $0.1 billion in 2018, and $0.1
thereafter.