Huntington National Bank 2011 Annual Report Download - page 55

2010 vs. 2009
Noninterest income increased $36.2 million, or 4%, from 2009, primarily reflecting:
• $63.5 million, or 57%, increase in mortgage banking income. This primarily reflected a $45.4 million
increase in net MSR activity and a $22.7 million, or 24%, increase in origination and secondary
marketing income, as originations increased 4% from the prior year.
• $10.1 million, or 10%, increase in electronic banking, reflecting increased debit card transaction volume.
• $10.0 million benefit from lower securities losses.
• $8.9 million, or 9%, increase in trust services income, with 50% of the increase due to increases in asset
market values, and the remainder reflecting growth in new business.
• $6.2 million, or 11%, increase in insurance benefits associated with bank owned life insurance.
• $4.0 million, or 6%, increase in brokerage income, primarily reflecting an increase in fixed income
product sales, partially offset by lower annuity income.
Partially offset by:
• $35.8 million, or 12%, decline in service charges on deposit accounts reflecting lower personal service
charges due to the implementation of the amendment to Reg E and our “Fair Play” consumer banking
initiatives.
• $54.8 million, or 37%, decline in other income. 2009 included a $31.4 million gain from the sale of Visa®
Class B stock.
Noninterest Expense
(This section should be read in conjunction with Significant Items 1, 3, 5, and 8.)
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