Huntington National Bank 2011 Annual Report Download - page 88
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Bank Liquidity and Sources of Liquidity
Our primary sources of funding for the Bank are retail and commercial core deposits. As of December 31,
2011, these core deposits funded 76% of total assets. At December 31, 2011, total core deposits represented 95%
of total deposits, an increase from 93% at the prior year-end.
Core deposits are comprised of interest-bearing and noninterest-bearing demand deposits, money market
deposits, savings and other domestic deposits, consumer certificates of deposit both over and under $250,000,
and nonconsumer certificates of deposit less than $250,000. Noncore deposits consist of brokered money market
deposits and certificates of deposit, foreign time deposits, and other domestic deposits of $250,000 or more
comprised primarily of public fund certificates of deposit more than $250,000.
Core deposits may increase our need for liquidity as certificates of deposit mature or are withdrawn before
maturity and as nonmaturity deposits, such as checking and savings account balances, are withdrawn.
Noninterest-bearing demand deposits increased $3.9 billion from the prior year, but include certain large
commercial deposits that may be more short-term in nature.
Demand deposit overdrafts that have been reclassified as loan balances were $26.2 million and $13.1
million at December 31, 2011 and 2010, respectively.
The following tables contractual maturities of other domestic time deposits of $250,000 or more and
brokered deposits and negotiable CDs as well as other domestic time deposits of $100,000 or more and brokered
deposits and negotiable CDs at December 31, 2011.
Table 28 — Maturity Schedule of time deposits, brokered deposits, and negotiable CDs
December 31, 2011
3 Months
or Less
3 Months
to 6 Months
6 Months
to 12 Months
12 Months
or More Total
(dollar amounts in millions)
Other domestic time deposits of $250,000 or more and
brokered deposits and negotiable CDs ............ $299 $983 $54 $375 $1,711
Other domestic time deposits of $100,000 or more and
brokered deposits and negotiable CDs ............ $319 $999 $75 $404 $1,797
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