Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 33

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 33
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720 146 (3)Automobile89 23 12 124 12,358 — 12,482 9 Home equity66 32 83 181 9,932 — 10,113 22 RV and marine17 5 4 26 5,873 — 5,899 3 Other consumer13 4 4 21 1,440 — 1,461 4 Total loans and leases$543 $235 $427 $1,205 $120,603 $174 $121,982 $189 (1)NALs are included in this aging analysis based on the loan’s past due status.(2)Amounts include SBA loans and leases. (3)Amounts include mortgage loans insured by U.S. government agencies.

114     Huntington Bancshares Incorporated

Table of Contents

Credit Quality IndicatorsTo facilitate the monitoring of credit quality for commercial loans, and for purposes of determining an appropriate ACL level for these loans, Huntington utilizes the following internally defined categories of credit grades:•Pass - Higher quality loans that do not fit any of the other categories described below.•OLEM - The credit risk may be relatively minor yet represents a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the loan may weaken or the collateral may be inadequate to protect Huntington’s position in the future. For these reasons, Huntington considers the loans to be potential problem loans.•Substandard - Inadequately protected loans resulting from the borrower’s ability to repay, equity, and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. It is likely Huntington will sustain some loss if any identified weaknesses are not mitigated.•Doubtful - Loans that have all of the weaknesses inherent in those loans classified as Substandard, with the added elements of the full collection of the loan is improbable and that the possibility of loss is high.Loans are generally assigned a category of “Pass” rating upon initial approval and subsequently updated as appropriate based on the borrower’s financial performance.Commercial loans categorized as OLEM, Substandard, or Doubtful are considered Criticized loans. Commercial loans categorized as Substandard or Doubtful are both considered Classified loans.For all classes within the consumer loan portfolios, borrower credit bureau scores are monitored as an indicator of credit quality. A credit bureau score is a credit score developed by FICO based