Huntington National Bank 2014 Annual Report Download - page 88
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82
The decrease in noninterest expense from the year-ago period reflected:
x $7.1 million, or 8%, decrease in personnel costs, primarily due to lower mortgage production volume and a reduction in staff.
x $2.0 million, or 9%, decrease in other noninterest expense, primarily due to lower mortgage repurchase expense and partially
offset by the $3.0 million goodwill impairment.
x $1.6 million, or 43%, decrease in deposit and other insurance expense.
Partially offset by:
x $4.3 million, or 29%, increase in outside data processing and other services, primarily due to spending on loan promotions.
2013 vs. 2012
Home Lending reported net income of $2.7 million in 2013, compared with net income of $45.3 million in 2012. The $42.6
million decrease included a $59.2 million, or 36%, decrease in noninterest income, a $9.2 million, or 7%, increase in noninterest
expense, and a $3.1 million, or 6%, decrease in net interest income partially offset by a $22.9 million, or 94%, decrease in provision
for income taxes, and a $5.9, or 33%, decrease in provision for credit losses.