Huntington National Bank 2012 Annual Report Download - page 201

193
The Government Finance Group provides financial products and services to government and other public sector entities in our
primary banking markets. A locally based team of relationship managers works with clients to meet their trust, lending, and treasury
management needs.
Home Lending originates and services consumer loans and mortgages for customers who are generally located in our primary
banking markets. Consumer and mortgage lending products are primarily distributed through the Retail and Business Banking
segment, as well as through commissioned loan originators. Closely aligned, our Community Development group serves an important
role as it focuses on delivering on our commitment to the communities Huntington serves.
The segment also includes the related businesses of investment management, investment servicing, custody, corporate trust, and
retirement plan services. Huntington Asset Advisors provides investment management services through a variety of internal and
external channels, including advising the Huntington Funds, our proprietary family of mutual funds and Huntington Strategy Shares,
our actively-managed exchange-traded funds. Huntington Asset Services offers administrative and operational support to fund
complexes, including fund accounting, transfer agency, administration, and distribution services. Our retirement plan services
business offers fully bundled and third party distribution of a variety of qualified and non-qualified plan solutions.
Treasury / Other function includes our insurance brokerage business, which specializes in commercial property and casualty,
employee benefits, personal lines, life and disability and specialty lines of insurance. Huntington also provides brokerage and agency
services for residential and commercial title insurance and excess and surplus product lines of insurance. As an agent and broker we
do not assume underwriting risks; instead we provide our customers with quality, noninvestment insurance contracts. The Treasury /
Other function also includes technology and operations, other unallocated assets, liabilities, revenue, and expense.
Listed below is certain operating basis financial information reconciled to Huntington’s 2012, 2011, and 2010 reported results by
business segment:
Retail & Regional &
Income Statements Business Commercial Treasury / Huntington
(dollar amounts in thousands) Banking Banking AFCRE WGH Other Consolidated
2012
N
et interest income $870,146 $273,869 $356,442 $192,681 $17,386 $1,710,524
Provision for credit losses 136,061 10,689 (22,962) 23,600 --- 147,388
N
oninterest income 385,498 138,454 84,619 351,057 138,229 1,097,857
N
oninterest expense 982,378 203,000 154,480 376,239 119,779 1,835,876
Provision (benefit) for income
taxes 48,022 69,522 108,340 50,365 (92,154) 184,095
N
et income $89,183 $129,112 $201,203 $93,534 $127,990 $641,022
2011
N
et interest income $932,385 $244,392 $ 364,449 $199,536 $(111,592) $1,629,170
Provision for credit losses 120,018 11,013 (8,939) 51,967 --- 174,059
N
oninterest income 405,265 127,315 77,623 248,764 121,656 980,623
N
oninterest expense 947,794 191,701 164,626 356,513 67,866 1,728,500
Provision (benefit) for income
taxes 94,443 59,147 100,234 13,937 (103,140) 164,621
N
et income $175,395 $109,846 $ 186,151 $25,883 $45,338 $542,613
2010
N
et interest income $867,069 $211,511 $ 338,312 $169,201 $32,712 $1,618,805
Provision for credit losses 157,994 104,705 184,757 95,586 91,505 634,547
N
oninterest income 394,705 111,237 73,933 338,633 123,350 1,041,858
N
oninterest expense, 902,186 158,871 155,963 358,707 98,078 1,673,805
Provision (benefit) for income
taxes 70,558 20,710 25,033 18,740 (95,077) 39,964
N
et income $131,036 $38,462 $ 46,492 $34,801 $61,556 $312,347