Huntington National Bank 2013 Annual Report Download - page 55

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The table reflects period-end NALs and NPAs detail for each of the last five years:
Table 13 - Nonaccrual Loans and Leases and Nonperforming Assets
At December 31,
(dollar amounts in thousands) 2013 2012 2011 2010 2009
N
onaccrual loans and leases:
Commercial and industrial $ 56,615 $ 90,705 $ 201,846 $ 346,720 $ 578,414
Commercial real estate 73,417 127,128 229,889 363,692 935,812
Automobile 6,303 7,823 --- --- ---
Residential mortgages 119,532 122,452 68,658 45,010 362,630
Home equity 66,189 59,525 40,687 22,526 40,122
Total nonaccrual loans and leases(1) 322,056 407,633 541,080 777,948 1,916,978
Other real estate owned, net
Residential 23,447 21,378 20,330 31,649 71,427
Commercial 4,217 6,719 18,094 35,155 68,717
Total other real estate, net 27,664 28,097 38,424 66,804 140,144
Impaired loans held for sale(2) --- --- --- --- 969
Other nonperforming assets(3) 2,440 10,045 10,772 --- ---
Total nonperforming assets $ 352,160 $ 445,775 $ 590,276 $ 844,752 $ 2,058,091
N
onaccrual loans as a % of total loans and leases 0.75 % 1.00 % 1.39 % 2.04 % 5.21 %
N
onperforming assets ratio(4) 0.82 1.09 1.51 2.21 5.57
Allowance for loan and lease losses as % of:
N
onaccrual loans and leases 201 % 189 % 178 % 161 % 77 %
N
onperforming assets 184 173 163 148 72
Allowance for credit losses as % of:
N
onaccrual loans and leases 221 % 199 % 187 % 166 % 80 %
N
onperforming assets 202 182 172 153 74
(
1
)
December 31, 2013 and 2012, includes $75.5 and $60.1 million, respectively, of Chapter 7 bankruptcy NALs.
(
2
)
Represents impaired loans obtained from the Sky Financial acquisition. Held for sale loans are carried at the lower of cost or fair value less costs
to sell.
(
3
)
Other nonperforming assets includes certain impaired investment securities.
(
4
)
This ratio is calculated as nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, net other real estate owned,
and other nonperforming assets.
The $93.6 million, or 21%, decline in NPAs compared with December 31, 2012, primarily reflected:
x $53.7 million, or 42%, decline in CRE NALs, reflecting both NCO and problem credit resolutions, including borrower
payments and payoffs partially resulting from successful workout strategies implemented by our commercial loan workout
group.
x $34.1 million, or 38%, decline in C&I NALs, reflecting both NCO and problem credit resolutions, including payoffs partially
resulting from successful workout strategies implemented by our commercial loan workout group. The decline was
associated with loans throughout our footprint, with no specific industry concentration.
x $7.6 million, or 76%, decrease in other NPAs, reflecting the redemption by the issuer of a non-performing security.
Partially offset by:
x $6.7 million, or 11%, increase in home equity NALs, a function of the economic stresses still impacting a portion of our
borrowers in the Home Equity portfolio.