Huntington National Bank 2009 Annual Report Download - page 111

Series A Preferred Stock to common stock, as well as the reducin
g
of our balance sheet throu
g
h the
securitizin
g
of automobile loans, and the sellin
g
of a portion of our municipal securities portfolio, as well as
mort
g
a
g
e loans
.
R
egu
l
ator
y
Ca
p
ita
l
R
e
g
u
l
ator
y
cap
i
ta
l
rat
i
os are t
h
epr
i
mar
y
metr
i
cs use
dby
re
g
u
l
ators
i
n assess
i
n
g
t
h
e “sa
f
et
y
an
d
soun
d
ness” o
fb
an
k
s. We
i
nten
d
to ma
i
nta
i
n
b
ot
h
t
h
e compan
y
’s an
d
t
h
e Ban
k
’s r
i
s
k
-
b
ase
d
cap
i
ta
l
rat
i
os at
levels at which each would be considered “well-capitalized” b
y
re
g
ulators. The Bank is primaril
y
supervised
and re
g
ulated b
y
the Office of the Comptroller of the Currenc
y
(OCC), which establishes re
g
ulator
y
capita
l
g
u
id
e
li
nes
f
or
b
an
k
ss
i
m
il
ar to t
h
ose esta
bli
s
h
e
df
or
b
an
kh
o
ldi
n
g
compan
i
es
by
t
h
eFe
d
era
l
Reserve Boar
d
.
R
e
g
u
l
ator
y
cap
i
ta
l
pr
i
mar
ily
cons
i
sts o
f
T
i
er 1 cap
i
ta
l
an
d
T
i
er 2 cap
i
ta
l
.T
h
e sum o
f
T
i
er 1 cap
i
ta
l
an
d
Ti
er 2 cap
i
ta
l
equa
l
s our tota
l
r
i
s
k
-
b
ase
d
cap
i
ta
l
.T
h
e
f
o
ll
ow
i
n
g
ta
bl
ere
fl
ects c
h
an
g
es an
d
act
i
v
i
t
y
to t
h
e
various com
p
onents utilized in the calculation our consolidated Tier 1, Tier 2, and total risk-based ca
p
ita
l
amounts durin
g
2009
.
Table 51 — Re
g
ulatory
C
ap
i
tal Act
i
v
i
t
y
S
hareholde
r
C
ommo
n
E
q
uit
y(
1
)
Pr
efe
rr
ed
E
q
u
i
t
y
Q
ual
if
y
i
n
g
Core Ca
p
ital
(
2
)
D
i
sallowed
G
oodw
i
ll
&
Intan
gi
ble Assets
D
i
sallowed
O
ther
Ad
j
ustments
(
net
)
T
ie
r
1
C
a
pi
ta
l
(
In millions
)
B
a
l
ance at Decem
b
er 31
,
2008
..................
$
5,676.2
$
1,877.7
$
787.9
$(
3,286.8
)$(
19.4
)
$
5
,
035.
6
Cumu
l
at
i
ve e
ff
ect account
i
n
g
chan
g
es ................
3
.
5
—— —
—
3
.
5
Earn
i
n
gs
.................
(3
,
094
.
2)
—— — —
(
3
,
094.2
)
C
h
an
g
es to
di
sa
ll
owe
d
ad
j
ustments
............. — — —
2
,
6
5
4.6
—
2,6
5
4
.
6
Di
v
idends
................
(
124.7
)
—— — —
(
124.7
)
Issuance of common stock
....
1
,
145.8 — — — — 1
,
145.
8
Conversion of
p
referred stock . . 20
6
.4 (20
6
.4) — — —
—
A
mort
i
zat
i
on o
fp
re
f
erre
d
discount
................
(
1
6
.0
)
1
6
.0 — —
—
—
Redemption of
j
unio
r
subo
r
di
n
ated debt
.........
——
(
1
66
.3
)
——
(
166.3
)
D
i
sa
ll
o
w
ance o
fd
e
f
erre
d
ta
x
assets
.................. — — — —
(
2
6
0.1
)
(
260.1
)
Chan
g
e in minorit
y
interest . . . — — (1.1) —
—
(
1.1
)
O
the
r
.................... 7.9 0.2 — —
—
8.1
Balance at December 31
,
2009
..................
$
3,804.9
$
1,687.5
$
620.5
$(
632.2
)$(
279.5
)
$
5
,
201.
2
Qualifyin
g
AC
L
Q
ual
if
y
i
n
g
S
ubordinated
Debt T
i
er 2
C
ap
i
ta
l
T
i
er 1
C
a
pi
tal
(
from above
)
T
o
t
a
lR
is
k-B
ased
C
ap
i
tal
B
a
l
ance at Decem
b
er 31
,
2008
.......
$
591.8
$
907.2
$
1
,
499.0
$
5
,
035.6
$
6
,
534.6
Ch
an
g
e
i
n qua
lifyi
n
g
su
b
or
di
nate
d
deb
t
.........................
—
(
434.0
)
(
434.0
)
—
(
434.0
)
C
h
an
g
e
i
n qua
lifyi
n
g
ACL
..........
(
3
5
.
5)
—
(
35.5
)
—
(
35.5
)
C
h
an
g
es to T
i
er 1 Cap
i
ta
l
(see a
b
ove) . . —
—
—
16
5.
616
5.
6
Balance at December
31, 2009
......
$
556.3
$
473.2
$
1
,
029.5
$
5
,
201.2
$
6
,
230.7
103