Huntington National Bank 2011 Annual Report Download - page 221
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Year Ended December 31,
Statements of Income 2011 2010 2009
(dollar amounts in thousands)
Income
Dividends from
Non-bank subsidiaries ........................... $ 68,491 $ 33,000 $ 70,600
Interest from .....................................
The Huntington National Bank .................... 80,024 82,749 51,620
Non-bank subsidiaries ........................... 8,741 12,185 14,662
Other .......................................... 1,231 2,987 68,352
Total income ...................................... 158,487 130,921 205,234
Expense
Personnel costs ................................... 37,630 30,334 21,206
Interest on borrowings ............................. 35,295 23,765 29,357
Other .......................................... 37,122 49,019 28,398
Total expense ..................................... 110,047 103,118 78,961
Income before income taxes and equity in undistributed net
income of subsidiaries ............................. 48,440 27,803 126,273
Income taxes ...................................... (10,707) 48,505 20,675
Income (loss) before equity in undistributed net income of
subsidiaries ...................................... 59,147 (20,702) 105,598
Increase (decrease) in undistributed net income (loss) of:
The Huntington National Bank ...................... 527,418 344,961 (3,130,329)
Non-bank subsidiaries ............................. (43,952) (11,912) (69,448)
Net income (loss) .................................. $542,613 $312,347 $(3,094,179)
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