Huntington National Bank 2007 Annual Report Download - page 76

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CONSOLIDATED BALANCE SHEETS HUNTINGTON BANCSHARES INCORPORATED
(in thousands, except number of shares) 2007 2006
December 31,
Assets
Cash and due from banks $ 1,416,597 $ 1,080,163
Federal funds sold and securities purchased under resale agreements 592,649 440,584
Interest bearing deposits in banks 340,090 74,168
Trading account securities 1,032,745 36,056
Loans held for sale 494,379 270,422
Investment securities 4,500,171 4,362,924
Loans and leases:
Commercial and industrial loans and leases 13,125,565 7,849,912
Commercial real estate loans 9,183,052 4,504,540
Automobile loans 3,114,029 2,125,821
Automobile leases 1,179,505 1,769,424
Home equity loans 7,290,063 4,926,900
Residential mortgage loans 5,447,126 4,548,918
Other consumer loans 714,998 427,910
Loans and leases 40,054,338 26,153,425
Allowance for loan and lease losses (578,442) (272,068)
Net loans and leases 39,475,896 25,881,357
Bank owned life insurance 1,313,281 1,089,028
Premises and equipment 557,565 372,772
Goodwill 3,059,333 570,876
Other intangible assets 427,970 59,487
Accrued income and other assets 1,486,792 1,091,182
Total assets $54,697,468 $35,329,019
Liabilities and shareholders’ equity
Liabilities
Deposits in domestic offices
Demand deposits — non-interest bearing $ 5,371,747 $ 3,615,745
Interest bearing 31,644,460 20,640,368
Deposits in foreign offices 726,714 791,657
Deposits 37,742,921 25,047,770
Short-term borrowings 2,843,638 1,676,189
Federal Home Loan Bank advances 3,083,555 996,821
Other long-term debt 1,937,078 2,229,140
Subordinated notes 1,934,276 1,286,657
Accrued expenses and other liabilities 1,206,860 1,078,116
Total liabilities 48,748,328 32,314,693
Shareholders’ equity
Preferred stock — authorized 6,617,808 shares; none outstanding
Common stock — No par value and authorized 500,000,000 shares; issued 257,866,255 shares; outstanding
235,474,366 shares 2,560,569
Par value of $0.01 and authorized 1,000,000,000 shares; issued 387,504,687 shares; outstanding 366,261,676 shares 3,875
Capital surplus 5,703,316
Less 21,243,011 and 22,391,889 treasury shares at cost, respectively (480,129) (506,946)
Accumulated other comprehensive loss:
Unrealized (losses) gains on investment securities (10,011) 14,254
Unrealized gains on cash flow hedging derivatives 4,553 17,008
Pension and other postretirement benefit adjustments (44,153) (86,328)
Retained earnings 771,689 1,015,769
Total shareholders’ equity 5,949,140 3,014,326
Total liabilities and shareholders’ equity $54,697,468 $35,329,019
See Notes to Consolidated Financial Statements
74