Huntington National Bank 2012 Annual Report Download - page 110

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Huntington Bancshares Incorporated
Consolidated Balance Sheets
December 31,
(dollar amounts in thousands, except number of shares) 2012 2011
Assets
Cash and due from banks $ 1,262,806 $ 1,115,968
Interest-bearing deposits in banks 70,921 90,943
Trading account securities 91,205 45,899
Loans held for sale 764,309 1,618,391
(includes $452,949 and $343,588 respectively, measured at fair value)
(
1
)
Available-for-sale and other securities 7,566,175 8,078,014
Held-to-maturity securities 1,743,876 640,551
Loans and leases (includes $142,762 and $296,250 respectively, measured at fair value):
(
2
)
Commercial and industrial loans and leases 16,970,689 14,699,371
Commercial real estate loans 5,399,240 5,825,709
Automobile loans and leases 4,633,820 4,457,446
Home equity loans 8,335,342 8,215,413
Residential mortgage loans 4,969,672 5,228,276
Other consumer loans 419,662 497,568
Loans and leases 40,728,425 38,923,783
Allowance for loan and lease losses (769,075) (964,828)
N
et loans and leases 39,959,350 37,958,955
Bank owned life insurance 1,596,056 1,549,783
Premises and equipment 617,257 564,429
Goodwill 444,268 444,268
Other intangible assets 132,157 175,302
Accrued income and other assets 1,904,805 2,168,149
Total assets $ 56,153,185 $ 54,450,652
Liabilities and shareholders' equity
Liabilities
Deposits in domestic offices
Demand deposits - noninterest-bearing $ 12,599,636 $ 11,157,805
Interest-bearing 33,375,016 31,761,039
Deposits in foreign offices 278,031 360,781
Deposits 46,252,683 43,279,625
Short-term borrowings 589,814 1,441,092
Federal Home Loan Bank advances 1,008,959 362,972
Other long-term debt (includes $123,039 at December 31, 2011, measured at fair value)
(
2
)
158,784 1,231,517
Subordinated notes 1,197,091 1,503,368
Accrued expenses and other liabilities 1,155,643 1,213,978
Total liabilities 50,362,974 49,032,552
Shareholders' equity
Preferred stock - authorized 6,617,808 shares;
Series A, 8.50% fixed rate, non-cumulative perpetual convertible preferred
stock, par value of $0.01, and liquidation value per share of $1,000 362,507 362,507
Series B, floating rate, non-voting, non-cumulative perpetual preferred stock, par value
of $0.01, and liquidation value per share of $1,000 23,785 23,785
Common stock 8,441 8,656
Capital surplus 7,475,149 7,596,809
Less treasury shares, at cost (10,921) (10,255)
Accumulated other comprehensive loss (150,817) (173,763)
Retained (deficit) earnings (1,917,933) (2,389,639)
Total shareholders' equity 5,790,211 5,418,100
Total liabilities and shareholders' equity $ 56,153,185 $ 54,450,652
Common shares authorized (par value of $0.01) 1,500,000,000 1,500,000,000
Common shares issued 844,105,349 865,584,517
Common shares outstanding 842,812,709 864,406,152
Treasury shares outstanding 1,292,640 1,178,365
Preferred shares issued 1,967,071 1,967,071
Preferred shares outstanding 398,007 398,007
(1)Amounts represent loans for which Huntington has elected the fair value option. See Note 19.
(2)Amounts represent certain assets and liabilities of a consolidated VIE for which Huntington has elected the fair value option. See Note 21.
See Notes to Consolidated Financial Statements