Huntington National Bank 2009 Annual Report Download - page 141

C
onsolidated
S
tatements of Income
2009 2008 2007
Y
ear Ended December
31,
(In thousands, exce
p
t
p
er share amounts
)
Interest an
df
ee
i
ncome
Loans an
dl
eases
T
axa
bl
e
...
.............................................................
$
1
,
933
,
639
$
2
,
447
,
362
$
2
,
388
,
79
9
T
ax-exem
p
t
.............................................................
10,630
2
,
748
5,
21
3
In
v
estment secur
i
t
i
e
s
Taxa
bl
e...
.............................................................
249,968
21
7
,882 221,8
77
T
ax-exem
p
t
.............................................................
8
,
824 29
,
869 26
,
92
0
O
the
r
..................................................................
35
,
08
1
100
,
461 100
,
15
4
Total
i
nterest
i
ncome
........................................................
2,238,142
2
,
798
,
322 2
,
742
,
9
6
3
I
nterest ex
p
ens
e
De
p
os
i
ts . .
.............................................................
6
7
4,101
931
,6
79 1
,
02
6,
38
8
S
h
ort-term
b
orrow
i
n
g
s. .
.
....................................................
2,366
42
,
2
6
192
,
810
Fe
d
era
l
Home Loan Ban
k
a
d
vance
s
...............................................
12,882
107
,
848 102
,6
4
6
Su
b
or
di
nate
d
notes an
d
ot
h
er
l
on
g
-term
d
e
bt
.........................................
124,
5
06
184
,
843 219
,6
0
7
Total
i
nterest ex
p
ense
........................................................
813,8
5
5
1
,
266
,
631 1
,
441
,
4
5
1
Net interest income
.........................................................
1
,
424
,
28
7
1
,
531
,
691 1
,
301
,
51
2
Pro
v
ision for credit losses .
.
....................................................
2,
074
,
671 1
,
057
,
463 643
,
62
8
Net
i
nterest
i
ncome a
f
ter
p
rov
i
s
i
on
f
or cred
i
t losses
.....................................
(
650
,
384
)
474
,
228 6
5
7
,
88
4
Serv
i
ce c
h
ar
g
es on
d
epos
i
t accounts
.
...............................................
302,
7
99
308
,
0
5
32
5
4
,
19
3
Bro
k
era
g
ean
di
nsurance
i
ncome . . .
...............................................
138,169
137
,
796 92
,
37
5
Mort
g
a
g
e
b
an
ki
n
gi
ncome .
.
....................................................
112,298
8,994 29,804
Trust ser
vi
ces
.............................................................
103,639
12
5,
980 121
,
41
8
E
l
ectron
i
c
b
an
ki
n
g
..
........................................................
100,1
5
1
9
0
,
2
6
771
,
0
67
Ban
k
o
w
ne
d lif
e
i
nsurance
i
ncome . .
...............................................
5
4
,
8
7
2
5
4
,
776 49
,
8
55
Automo
bil
e operat
i
n
gl
ease
i
ncome .
...............................................
5
1,810
3
9
,
8
5
17
,
81
0
Net (losses)
g
ains on sales of investment securities . .
.....................................
48
,
81
5
(
197,370
)(
29,738
)
Impa
i
rment
l
osses on
i
nvestment secur
i
t
i
es:
Im
p
airment losses on investment securitie
s
..........................................
(183
,
472
)
——
Noncredit-related losses on securities not expected to be sold (reco
g
nized in other comprehensive income)
....
1
24
,
408
——
Net im
p
airment losses on investment securities
.........................................
(
59
,
064
)
—
—
O
ther income.
.............................................................
152
,
15
5
138
,
791 79
,
819
T
o
t
a
ln
o
n-
i
nt
e
r
es
t
i
n
co
m
e
.....................................................
1,00
5
,644
707
,
138
6
7
6,6
0
3
Personne
l
cost
s
.............................................................
7
00,482
783
,5
46 686
,
82
8
Outs
id
e
d
ata process
i
n
g
an
d
ot
h
er serv
i
ces . .
..........................................
148,095
130
,
22
6
129
,
22
6
De
p
os
i
tan
d
ot
h
er
i
nsurance ex
p
ense .
...............................................
113,830
22
,
437 13
,
78
5
N
et occupanc
y
.............................................................
10
5
,2
7
3
108,428 99,3
7
3
O
REO an
df
orec
l
osure ex
p
ens
e
...................................................
93,899
33
,
4
55
1
5,
18
5
E
q
u
ip
ment . .
.............................................................
83,117
93
,
96
5
81
,
48
2
Pro
f
ess
i
ona
l
ser
vi
ces .
........................................................
7
6,366
49
,6
13 37
,
390
Amort
i
zat
i
on o
fi
ntan
gibl
es .
....................................................
68,307
76
,
894 4
5,
1
5
1
Automo
bil
e operat
i
n
gl
ease expense
.
...............................................
43,360
31
,
282
5,
16
1
Marketin
g
..
.
.............................................................
33
,
04
9
32
,
664 46
,
043
Te
l
ecommun
i
cat
i
ons
.
........................................................
23,9
7
9
25,
008 24
,5
0
2
Printin
g
and supplies .
........................................................
15
,
48
0
18
,
870 18
,
251
Goodwill im
p
airment
.
........................................................
2
,
606
,
94
4
——
Gain on earl
y
extin
g
uishment of debt
...............................................
(147
,
442
)
(
23,542
)(
8,058
)
Other ex
p
ens
e
.............................................................
68
,
70
4
9
4
,
528 117
,
52
5
Total non-
i
nterest ex
p
ense
.....................................................
4,033,443
1,4
77
,3
7
4 1,311,844
(
Loss
)
income before income taxe
s
................................................
(
3
,
678
,
183
)
(
29
6
,008
)
22,
6
43
Bene
fi
t
f
or
i
ncome taxes . . .
....................................................
(
584
,
004
)
(
182,202
)(5
2,
5
26
)
Net
(
loss
)
income
...........................................................
$
(3
,
094
,
179
)
$(
113,806
)$
75,169
Dividends on
p
referred shares
....................................................
174
,
75
6
46
,
400 —
Net
(
loss
)
income a
pp
licable to common share
s
........................................
$
(3
,
268
,
935
)
$(
160,206
)$
75,16
9
Avera
g
e common s
h
ares —
b
as
i
c. .
.
...............................................
5
32,802
366
,
1
55
300
,
90
8
Avera
g
e common s
h
ares —
dil
ute
d
.
.
...............................................
5
32
,
80
2
366
,
155 303
,
455
Per common shar
e
Net
(
loss
)
income — basic . .
....................................................
$
(
6.14
)
$
(
0.44
)
$ 0.25
Net
(
loss
)
income — diluted
.
....................................................
(
6.14
)
(
0.44
)
0.2
5
C
ash dividends declared . . .
....................................................
0.040
0
0.6625 1.0600
S
ee Notes to
C
onsolidated Financial
S
tatement
s
133