Huntington National Bank 2013 Annual Report Download - page 38

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32
Table 4 - Change in Net Interest Income Due to Changes in Average Volume and Interest Rates(1)
2013 2012
Increase (Decrease) From Increase (Decrease) From
Previous Year Due To Previous Year Due To
Fully-taxable equivalent basis(2) Yield/ Yield/
(dollar amounts in millions) Volume Rate Total Volume Rate Total
Loans and direct financing leases $ 66.1 $ (108.7) $ (42.6) $ 58.6 $ (105.6) $ (47.0)
Investment securities (3.7) 2.0 (1.7) 1.9 (2.1) (0.2)
Other earning assets (16.8) (1.7) (18.5) 24.2 (11.5) 12.7
Total interest income from earning assets 45.6 (108.4) (62.8) 84.7 (119.2) (34.5)
Deposits 1.0 (46.9) (45.9) (3.0) (94.8) (97.8)
Short-term borrowings (0.7) (0.6) (1.3) (1.2) (0.3) (1.5)
Federal Home Loan Bank advances 0.8 (0.5) 0.3 0.8 (0.8) ---
Subordinated notes and other long-term debt,
including capital securities (8.3) (8.6) (16.9) (32.0) 10.0 (22.0)
Total interest expense of interest-bearing liabilities (7.2) (56.6) (63.8) (35.4) (85.9) (121.3)
Net interest income $ 52.8 $ (51.8) $ 1.0 $ 120.1 $ (33.3) $ 86.8
(
1
)
The change in interest rates due to both rate and volume has been allocated between the factors in proportion to the relationship of the
absolute dollar amounts of the change in each.
(
2
)
Calculated assuming a 35% tax rate.