Huntington National Bank 2011 Annual Report Download - page 133

Huntington Bancshares Incorporated
Consolidated Balance Sheets
December 31,
2011 2010
(dollar amounts in thousands, except number of shares)
Assets
Cash and due from banks .................................................................. $ 1,115,968 $ 847,888
Interest-bearing deposits in banks ........................................................... 90,943 135,038
Trading account securities ................................................................. 45,899 185,404
Loans held for sale (includes $343,588 and $754,117 respectively, measured at fair value)(1) ............ 1,618,391 793,285
Available-for-sale and other securities ....................................................... 8,078,014 9,895,244
Held-to-maturity securities ................................................................ 640,551 —
Loans and leases (includes $296,250 and $522,717 respectively, measured at fair value):(2)
Commercial and industrial loans and leases ............................................... 14,699,371 13,063,293
Commercial real estate loans ........................................................... 5,825,709 6,651,156
Automobile loans and leases ........................................................... 4,457,446 5,614,711
Home equity loans ................................................................... 8,215,413 7,713,154
Residential mortgage loans ............................................................ 5,228,276 4,500,366
Other consumer loans ................................................................ 497,568 563,827
Loans and leases ...................................................................... 38,923,783 38,106,507
Allowance for loan and lease losses ....................................................... (964,828) (1,249,008)
Net loans and leases ...................................................................... 37,958,955 36,857,499
Bank owned life insurance ................................................................. 1,549,783 1,500,401
Premises and equipment .................................................................. 564,429 491,602
Goodwill .............................................................................. 444,268 444,268
Other intangible assets .................................................................... 175,302 228,620
Accrued income and other assets ............................................................ 2,168,149 2,440,393
Total assets ............................................................................ $ 54,450,652 $ 53,819,642
Liabilities and shareholders’ equity
Liabilities
Deposits in domestic offices
Demand deposits — noninterest-bearing .................................................. $ 11,157,805 $ 7,216,751
Interest-bearing ...................................................................... 31,761,039 34,254,807
Deposits in foreign offices ............................................................... 360,781 382,340
Deposits ............................................................................... 43,279,625 41,853,898
Short-term borrowings .................................................................... 1,441,092 2,040,732
Federal Home Loan Bank advances ......................................................... 362,972 172,519
Other long-term debt (includes $123,039 and $356,089 respectively, measured at fair value)(2) ........... 1,231,517 2,144,092
Subordinated notes ....................................................................... 1,503,368 1,497,216
Accrued expenses and other liabilities ........................................................ 1,213,978 1,130,643
Total liabilities .......................................................................... 49,032,552 48,839,100
Shareholders’ equity
Preferred stock — authorized 6,617,808 shares;
Series A, 8.50% fixed rate, non-cumulative perpetual convertible preferred stock, par value of $0.01, and
liquidation value per share of $1,000 ..................................................... 362,507 362,507
Series B, floating rate, non-voting, non-cumulative perpetual preferred stock, par value of $0.01, and
liquidation value per share of $1,000 ..................................................... 23,785 —
Common stock —
Par value of $0.01 and authorized 1,500,000,000 shares ........................................ 8,656 8,642
Capital surplus .......................................................................... 7,596,809 7,630,093
Less treasury shares, at cost ................................................................ (10,255) (8,771)
Accumulated other comprehensive loss ....................................................... (173,763) (197,496)
Retained (deficit) earnings ................................................................. (2,389,639) (2,814,433)
Total shareholders’ equity ................................................................ 5,418,100 4,980,542
Total liabilities and shareholders’ equity .................................................... $ 54,450,652 $ 53,819,642
Common shares issued .................................................................... 865,584,517 864,195,369
Common shares outstanding ................................................................ 864,406,152 863,319,435
Treasury shares outstanding ................................................................ 1,178,365 875,934
Preferred shares issued .................................................................... 1,967,071 1,967,071
Preferred shares outstanding ............................................................... 398,007 362,507
(1) Amounts represent loans for which Huntington has elected the fair value option. See Note 19.
(2) Amounts represent certain assets and liabilities of a consolidated VIE for which Huntington has elected the fair value option. See Note 21.
See Notes to Consolidated Financial Statements
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