Huntington National Bank 2011 Annual Report Download - page 201

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The tables below present a rollforward of the balance sheet amounts for the years ended December 31, 2011,
2010, and 2009 for financial instruments measured on a recurring basis and classified as Level 3. The
classification of an item as Level 3 is based on the significance of the unobservable inputs to the overall fair
value measurement. However, Level 3 measurements may also include observable components of value that can
be validated externally. Accordingly, the gains and losses in the table below include changes in fair value due in
part to observable factors that are part of the valuation methodology.
Level 3 Fair Value Measurements
Year ended December 31, 2011
Available-for-sale securities
MSRs
Derivative
instruments
Municipal
securities
Private-
label CMO
Asset-
backed
securities
Automobile
loans
Equity
investments
(dollar amounts in thousands)
Balance, beginning of
year ................ $125,679 $ 966 $149,806 $121,925 $162,684 $ 522,717 $—
Total gains / losses:
Included in earnings .... (60,678) 211 — (1,673) (3,065) (6,577) —
Included in OCI ....... — — — 349 2,070 — —
Purchases .............. — — 1,760 — — — —
Sales .................. — — — (20,958) — — —
Repayments ............ — — — — — (219,890) —
Issuances ............... — — — — — — —
Settlements ............. — (1,346) (56,474) (27,279) (39,991) — —
Transfers in / out of
Level 3 .............. — — — — — — —
Balance, end of year ..... $ 65,001 $ (169) $ 95,092 $ 72,364 $121,698 $ 296,250 $—
The amount of total gains
or losses for the period
included in earnings (or
OCI) attributable to the
change in unrealized
gains or losses relating to
assets still held at
reporting date ......... $(60,678) $(1,135) $ — $ (1,494) $ 595 $ (6,577) $—
187