Huntington National Bank 2011 Annual Report Download - page 203
Download and view the complete annual report
Please find page 203 of the 2011 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193 -
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206 -
207 -
208 -
209 -
210 -
211 -
212 -
213 -
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
 |
 |
Level 3 Fair Value Measurements
Year ended December 31, 2009
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 ................ $167,438 $ 8,132 $ — $ 523,515 $ 464,027 $— $ 36,893
Total gains / losses:
Included in earnings . . . 9,707 (5,976) — (3,606) (40,039) — 408
Included in OCI ....... — — — 93,934 40,385 — —
Purchases .............. 2,388 (7,100) — 5,448 211,296 — 1,688
Sales ................. — — — — (295,033) — —
Repayments ............ — — — — — — —
Issuances .............. — — — — 47,119 — —
Settlements ............ (3,106) 708 (185) (141,972) (20,657) — (13,117)
Transfers in / out of
Level 3 (2) ........... — — 11,700 — — — —
Balance, end of year .... $176,427 $(4,236) $11,515 $ 477,319 $ 407,098 $— $ 25,872
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 ........ $ 9,707 $(8,475) $ — $ 90,328 $ (7,406) $— $ 408
(2) Transferred in to Level 3 as a result of a lack of observable market data due to a decrease in market activity.
The tables below summarize the classification of gains and losses due to changes in fair value, recorded in
earnings for Level 3 assets and liabilities for the years ended December 31, 2011, 2010, and 2009.
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)
Classification of gains and
losses in earnings:
Mortgage banking income
(loss) .................. $(60,678) $ 6,635 $— $ — $ — $ — $—
Securities gains (losses) ..... — — — (2,551) (4,159) — —
Interest and fee income ...... — — — 878 1,094 (11,645) —
Noninterest income ......... — (6,424) — — — 5,068 —
Total .................... $(60,678) $ 211 $— $(1,673) $(3,065) $ (6,577) $—
189