Huntington National Bank 2013 Annual Report Download - page 40

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Table 6 - Consolidated Average Balance Sheet and Net Interest Margin Analysis (Continued)
Interest Income / Expense Average Rate (2)
Fully-taxable equivalent basis (1)
(dollar amounts in millions) 2013 2012 2011 2013 2012 2011
Assets
Interest-bearing deposits in banks $ 0.1 $ 0.2 $ 0.1 0.15 % 0.21 % 0.11 %
Federal funds sold and securities purchased under
resale agreement --- --- --- --- 0.29 0.09
Loans held for sale 18.9 36.8 12.3 3.63 3.38 4.27
Available-for-sale and other securities:
Taxable 148.6 184.3 208.0 2.33 2.33 2.48
Tax-exempt 25.7 17.7 18.3 4.56 4.14 4.28
Total available-for-sale and other securities 174.2 202.0 226.3 2.51 2.43 2.57
Trading account securities 0.4 0.9 1.5 0.44 1.27 1.37
Held-to-maturity securities - taxable 50.2 24.1 11.2 2.33 2.60 2.99
Total securities 224.8 226.9 239.0 2.45 2.43 2.57
Loans and leases: (3)
Commercial:
Commercial and industrial 643.7 639.5 585.6 3.75 4.01 4.31
Commercial real estate:
Construction 23.4 22.9 23.0 4.04 3.93 3.88
Commercial 182.6 208.6 222.7 4.11 4.01 3.97
Commercial real estate 206.1 231.5 245.7 4.10 4.00 3.96
Total commercial 849.8 871.0 831.3 3.83 4.01 4.20
Consumer:
Automobile loans and leases 221.5 214.1 293.2 3.90 4.73 4.99
Home equity 345.4 355.9 355.0 4.16 4.28 4.47
Residential mortgage 199.6 212.7 213.6 3.84 4.10 4.53
Other consumer 27.9 33.3 40.6 6.41 7.31 7.63
Total consumer 794.4 815.9 902.4 4.05 4.41 4.73
Total loans and leases 1,644.2 1,686.8 1,733.7 3.93 4.19 4.46
Total earning assets $ 1,888.0 $ 1,950.7 $ 1,985.1 3.66 % 3.85 % 4.09 %
Liabilities and Shareholders' Equity
Deposits:
Demand deposits - noninterest-bearing $ --- $ --- $ --- ---% ---% ---%
Demand deposits - interest-bearing 2.5 3.6 5.1 0.04 0.06 0.09
Total demand deposits 2.5 3.6 5.1 0.01 0.02 0.04
Money market deposits 38.8 40.2 54.3 0.25 0.29 0.41
Savings and other domestic deposits 13.3 18.9 32.7 0.26 0.38 0.69
Core certificates of deposit 50.5 85.0 150.0 1.11 1.37 1.95
Total core deposits 105.2 147.7 242.2 0.34 0.48 0.77
Other domestic time deposits of $250,000 or more 1.4 2.1 4.5 0.47 0.66 0.97
Brokered time deposits and negotiable CDs 9.1 11.7 12.5 0.57 0.74 0.88
Deposits in foreign offices 0.5 0.7 0.9 0.15 0.18 0.23
Total deposits 116.2 162.2 260.1 0.35 0.49 0.78
Short-term borrowings 0.7 2.0 3.5 0.10 0.16 0.17
Federal Home Loan Bank advances 1.1 0.8 0.8 0.15 0.28 0.74
Subordinated notes and other long-term debt 38.0 54.7 76.7 2.29 2.77 2.42
Total interest-bearing liabilities 156.0 219.7 341.1 0.43 0.60 0.88
Net interest income $ 1,731.9 $ 1,730.9 $ 1,644.1
N
et interest rate sprea
d
3.23 3.25 3.21
Impact of noninterest-bearing funds on margin 0.13 0.16 0.18
Net interest margin 3.36 % 3.41 % 3.38 %
(
1
)
FTE yields are calculated assuming a 35% tax rate.
(
2
)
Loan and lease and deposit average rates include impact of applicable derivatives, non-deferrable fees, and amortized fees.
(
3
)
For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.