Huntington National Bank 2005 Annual Report Download - page 101

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CONSOLIDATED BALANCE SHEETS HUNTINGTON BANCSHARES INCORPORATED
December 31,
(in thousands, except number of shares) 2005 2004
Assets
Cash and due from banks $ 966,445 $ 877,320
Federal funds sold and securities purchased under resale agreements 74,331 628,040
Interest bearing deposits in banks 22,391 22,398
Trading account securities 8,619 309,630
Loans held for sale 294,344 223,469
Investment securities 4,526,520 4,238,945
Loans and leases:
Commercial and industrial loans 6,809,208 5,829,685
Commercial real estate loans 4,036,171 4,473,293
Automobile loans 1,985,304 1,948,667
Automobile leases 2,289,015 2,443,455
Home equity loans 4,638,841 4,554,540
Residential mortgage loans 4,193,139 3,829,234
Other consumer loans 520,488 481,403
Loans and leases 24,472,166 23,560,277
Allowance for loan and lease losses (268,347) (271,211)
Net loans and leases 24,203,819 23,289,066
Bank owned life insurance 1,001,542 963,059
Premises and equipment 360,677 355,115
Operating lease assets 229,077 587,310
Goodwill and other intangible assets 217,486 215,807
Customers’ acceptance liability 4,536 11,299
Accrued income and other assets 855,018 844,039
Total assets $32,764,805 $32,565,497
Liabilities and shareholders’ equity
Liabilities
Deposits in domestic offices
Demand deposits — non-interest bearing $ 3,390,044 $ 3,392,123
Interest bearing 18,548,943 16,935,091
Deposits in foreign offices 470,688 440,947
Deposits 22,409,675 20,768,161
Short-term borrowings 1,889,260 1,207,233
Federal Home Loan Bank advances 1,155,647 1,271,088
Other long-term debt 2,418,419 4,016,004
Subordinated notes 1,023,371 1,039,793
Deferred income tax liability 743,655 783,628
Allowance for unfunded loan commitments and letters of credit 36,957 33,187
Bank acceptances outstanding 4,536 11,299
Accrued expenses and other liabilities 525,784 897,466
Total liabilities 30,207,304 30,027,859
Shareholders’ equity
Preferred stock — authorized 6,617,808 shares; none outstanding — —
Common stock — without par value; authorized 500,000,000 shares;
issued 257,866,255 shares; outstanding 224,106,172 and 231,605,281 shares, respectively 2,491,326 2,484,204
Less 33,760,083 and 26,260,974 treasury shares, respectively (693,576) (499,259)
Accumulated other comprehensive loss (22,093) (10,903)
Retained earnings 781,844 563,596
Total shareholders’ equity 2,557,501 2,537,638
Total liabilities and shareholders’ equity $32,764,805 $32,565,497
See Notes to Consolidated Financial Statements.
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