Huntington National Bank 2003 Annual Report Download - page 67

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MANAGEMENT’S DISCUSSION AND ANALYSIS
Table 17—Securities Available for Sale
December 31,
(in thousands of dollars) 2003 2002 2001
U.S. Treasury and Federal Agencies $3,285,916 $2,627,684 $2,322,079
Other 1,639,316 775,685 527,500
Total Securities Available for Sale $4,925,232 $3,403,369 $2,849,579
Amortized
Cost
Fair
Value Yield(1)
U.S. Treasury
Under 1 year $ 1,374 $ 1,376 3.63%
1-5 years 31,356 31,454 3.11
6-10 years 271,271 275,540 4.42
Total U.S. Treasury 304,001 308,370 4.28
Federal Agencies
Mortgage-backed
1-5 years 19,899 20,434 5.50
6-10 years 198,755 201,995 5.24
Over 10 years 1,593,139 1,595,594 5.65
Total mortgage-backed 1,811,793 1,818,023 5.60
Other agencies
Under 1 year 173,181 175,505 5.31
1-5 years 585,561 593,662 3.89
6-10 years 403,953 390,164 3.84
Over 10 years 201 192 4.15
Total other 1,162,896 1,159,523 4.08
Total U.S. Treasury and Federal Agencies 3,278,690 3,285,916 4.94
Municipal Securities
Under 1 year 6,594 6,663 9.12
1-5 years 20,015 20,569 8.38
6-10 years 69,511 71,013 6.12
Over 10 years 332,181 334,188 6.72
Total Municipal Securities 428,301 432,433 6.74
Other
Under 1 year 2,473 2,475 5.93
1-5 years 37,169 37,290 2.28
6-10 years 25,047 25,494 1.80
Over 10 years 1,124,862 1,125,157 4.06
Retained interest in securitizations 5,593 6,356 10.71
Marketable equity securities 8,547 10,111
Total Other 1,203,691 1,206,883 3.99
Total Securities Available for Sale $4,910,682 $4,925,232 4.87%
(1) Weighted average yields were calculated using amortized cost and on a fully tax equivalent basis assuming a 35% tax rate. Marketable equity securities are excluded.
HUNTINGTON BANCSHARES INCORPORATED 65