Huntington National Bank 2013 Annual Report Download - page 86
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The following table presents the $2.7 billion, or 7%, increase in average total loans and leases:
Table 42 - Average Loans/Leases - 2013 Fourth Quarter vs. 2012 Fourth
Quarter
Fourth Quarter Change
(dollar amounts in millions) 2013 2012 Amount Percent
Average Loans/Leases
Commercial and industrial $ 17,671 $ 16,507 $ 1,164 7 %
Commercial real estate 4,904 5,473 (569) (10)
Total commercial 22,575 21,980 595 3
Automobile 6,502 4,486 2,016 45
Home equity 8,346 8,345 1 ---
Residential mortgage 5,331 5,155 176 3
Other consumer 385 431 (46) (11)
Total consumer 20,564 18,417 2,147 12
Total loans/leases $ 43,139 $ 40,397 $ 2,742 7 %
The increase in average total loans and leases reflected:
x $1.2 billion, or 7%, increase in average C&I loans and leases. This reflected the continued growth within the middle market
healthcare vertical, equipment finance, and dealer floorplan.
x $2.0 billion, or 45%, increase in average on balance sheet automobile loans, as the growth in originations, while below
industry levels, remained strong and our investments in the Northeast and upper Midwest continued to grow as planned.
Partially offset by:
x $0.6 billion, or 10%, decrease in average CRE loans, as acceptable returns for new originations were balanced against
internal concentration limits and increased competition for projects sponsored by high quality developers.
The following table details the $7.0 million, or less than 1%, increase in average total deposits:
Table 43 - Average Deposits - 2013 Fourth Quarter vs. 2012 Fourth Quarter
Fourth Quarter Change
(dollar amounts in millions) 2013 2012 Amount Percent
Average Deposits
Demand deposits: noninterest-bearing $ 13,337 $ 13,121 $ 216 2 %
Demand deposits: interest-bearing 5,755 5,843 (88) (2)
Total demand deposits 19,092 18,964 128 1
Money market deposits 16,827 14,749 2,078 14
Savings and other domestic deposits 4,912 4,960 (48) (1)
Core certificates of deposit 3,916 5,637 (1,721) (31)
Total core deposits 44,747 44,310 437 1
Other deposits 2,027 2,457 (430) (18)
Total deposits $ 46,774 $ 46,767 $ 7 --- %
The increase in average total deposits from the year-ago quarter reflected:
Average core certificates of deposit declined primarily due to the strategic focus on changing the funding sources to no-cost
demand deposits and low-cost money market deposits. This strategy, along with a strategic focus on customer growth and increased
share of wallet among both consumer and commercial customers resulted an increase in money market deposits.