Huntington National Bank 2007 Annual Report Download - page 114

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(in thousands) 2007 2006 2005
Statements of Income Year Ended December 31,
Income
Dividends from
The Huntington National Bank $ 239,000 $ 575,000 $180,000
Non-bank subsidiaries 41,784 47,476 3,800
Interest from
The Huntington National Bank 18,622 13,167 35,253
Non-bank subsidiaries 12,180 10,880 8,770
Management fees from subsidiaries 3,882 9,539 30,539
Other 1,180 23 406
Total income 316,648 656,085 258,768
Expense
Personnel costs 24,818 31,427 25,060
Interest on borrowings 41,189 17,856 22,772
Other 14,667 20,040 24,741
Total expense 80,674 69,323 72,573
Income before income taxes and equity in undistributed net income of subsidiaries 235,974 586,762 186,195
Income taxes (39,509) (20,922) (2,499)
Income before equity in undistributed net income of subsidiaries 275,483 607,684 188,694
Increase (decrease) in undistributed net income of:
The Huntington National Bank (176,083) (142,672) 208,061
Non-bank subsidiaries (24,231) (3,791) 15,336
Net income $ 75,169 $ 461,221 $412,091
112
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS HUNTINGTON BANCSHARES INCORPORATED