Huntington National Bank 2008 Annual Report Download - page 85

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Consolidated Balance Sheets Huntington Bancshares Incorporated
(in thousands, except number of shares) 2008 2007
December 31,
Assets
Cash and due from banks $ 806,693 $ 1,416,597
Federal funds sold and securities purchased under resale agreements 37,975 592,649
Interest bearing deposits in banks 292,561 340,090
Trading account securities 88,677 1,032,745
Loans held for sale 390,438 494,379
Investment securities 4,384,457 4,500,171
Loans and leases:
Commercial and industrial loans and leases 13,540,841 13,125,565
Commercial real estate loans 10,098,210 9,183,052
Automobile loans 3,900,893 3,114,029
Automobile leases 563,417 1,179,505
Home equity loans 7,556,428 7,290,063
Residential mortgage loans 4,761,384 5,447,126
Other consumer loans 670,992 714,998
Loans and leases 41,092,165 40,054,338
Allowance for loan and lease losses (900,227) (578,442)
Net loans and leases 40,191,938 39,475,896
Bank owned life insurance 1,364,466 1,313,281
Premises and equipment 519,500 557,565
Goodwill 3,054,985 3,059,333
Other intangible assets 356,703 427,970
Accrued income and other assets 2,864,466 1,486,792
Total assets $54,352,859 $54,697,468
Liabilities and shareholders’ equity
Liabilities
Deposits in domestic offices
Demand deposits — non-interest bearing $ 5,477,439 $ 5,371,747
Interest bearing 31,732,842 31,644,460
Deposits in foreign offices 733,005 726,714
Deposits 37,943,286 37,742,921
Short-term borrowings 1,309,157 2,843,638
Federal Home Loan Bank advances 2,588,976 3,083,555
Other long-term debt 2,331,632 1,937,078
Subordinated notes 1,950,097 1,934,276
Accrued expenses and other liabilities 1,002,570 1,206,860
Total liabilities 47,125,718 48,748,328
Shareholders’ equity
Preferred stock — authorized 6,617,808 shares;
5.00% Series B Non-voting, Cumulative Preferred Stock, par value of $0.01 and liquidation value per share of
$1,000; 1,398,071 shares issued and outstanding 1,308,667 —
8.50% Series A Non-cumulative Perpetual Convertible Preferred Stock, par value and liquidiation value per
share of $1,000; 569,000 shares issued and outstanding 569,000 —
Common stock —
Par value of $0.01 and authorized 1,000,000,000 shares; issued 366,972,250 and 367,000,815 shares, respectively;
outstanding 366,057,669 and 366,261,676 shares respectively 3,670 3,670
Capital surplus 5,322,428 5,237,783
Less 914,581 and 739,139 treasury shares, at cost (15,530) (14,391)
Accumulated other comprehensive loss:
Unrealized losses on investment securities (207,756) (10,011)
Unrealized gains on cash flow hedging derivatives 44,638 4,553
Pension and other postretirement benefit adjustments (163,575) (44,153)
Retained earnings 365,599 771,689
Total shareholders’ equity 7,227,141 5,949,140
Total liabilities and shareholders’ equity $54,352,859 $54,697,468
See Notes to Consolidated Financial Statements
83