Huntington National Bank 2011 Annual Report Download - page 137
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Huntington Bancshares Incorporated
Consolidated Statements of Changes in Shareholders’ Equity
Preferred Stock
Capital
Surplus
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
(Deficit)
Series B
Series AFixed Rate Common Stock Treasury Stock
Shares Amount Shares Amount Shares Amount Shares Amount Total
(all amounts in thousands,
except for per share
amounts)
Year Ended December 31,
2009
Balance, beginning of year . . . 1,398 $1,308,667 569 $ 569,000 366,972 $3,670 $5,322,428 (915) $(15,530) $(326,693) $ 367,364 $ 7,228,906
Comprehensive Income:
Net income (loss) ......... (3,094,179) (3,094,179)
Cumulative effect of change
in accounting principle for
other-than- temporarily
impaired debt
securities ............. (3,541) 3,541 —
Non-credit-related
impairment recoveries
(losses) on debt securities
not expected to be sold . . . (80,865) (80,865)
Unrealized net gains (losses)
on available-for-sale and
other securities arising
during the period, net of
reclassification for net
realized gains (losses) . . . 188,780 188,780
Unrealized gains (losses) on
cash flow hedging
derivatives ............ 14,227 14,227
Change in accumulated
unrealized losses for
pension and other post-
retirement obligations . . . 51,107 51,107
Total comprehensive income
(loss) ................... (2,920,930)
Issuance of common stock .... 308,226 3,081 1,142,670 1,145,751
Conversion of Preferred
Series A stock ........... (206) (206,493) 41,072 411 262,117 (56,035) —
Preferred Series B Stock
discount accretion ........ 16,041 (16,041) —
Cash dividends declared:
Common ($0.04 per
share) ................ (22,020) (22,020)
Preferred Series B ($50.00
per share) ............. (69,904) (69,904)
Preferred Series A ($85.00
per share) ............. (32,776) (32,776)
Recognition of the fair value of
share-based
compensation ............ 8,547 8,547
Other share-based
compensation activity ..... 471 5 635 (838) (198)
Other .................... 300 (4,601) (65) 4,065 (1,138) (1,374)
Balance, end of year ......... 1,398 $1,325,008 363 $ 362,507 716,741 $7,167 $6,731,796 (980) $(11,465) $(156,985) $(2,922,026) $ 5,336,002
See Notes to Consolidated Financial Statements
123