Huntington National Bank 2009 Annual Report Download - page 159

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R
e
l
ate
d
Part
y
Transactions
Hunt
i
n
g
ton
h
as ma
d
e
l
oans to
i
ts o
ffi
cers,
di
rectors, an
d
t
h
e
i
r assoc
i
ates. T
h
ese
l
oans were ma
d
e
i
nt
he
ordinar
y
course of business under normal credit terms, includin
g
interest rate and collateralization, and do no
t
represent more than the normal risk of collection. These loans to related parties for the
y
ear ende
d
December 31 are summarized as follows
:
2009 2008
(
In thousands
)
Ba
l
ance,
b
e
gi
nn
i
n
g
o
fy
ea
r
.....................................
$
90
,
78
7
$
96
,
393
Loans ma
d
e.
.............................................
28,608
121,41
7
R
epa
y
ments .
.............................................
(
45
,
831
)
(12
7,
023)
Ba
l
ance, en
d
o
fy
ear
..........................................
$73
,
56
4
$
90
,
787
6. INVE
S
TMENT
S
E
CU
RITIE
S
The followin
g
tables provide amortized cost, fair value, and
g
ross unrealized
g
ains and losses reco
g
nized
in accumulated other comprehensive income b
y
investment cate
g
or
y
at December 31, 2009 and 2008.
Am
o
rt
i
z
ed
C
os
t
G
ross
G
a
i
ns
G
ross
Losses
F
air
V
a
l
ue
U
nreal
i
ze
d
(
In thousands
)
December 31
,
2009
U.
S
. Treasur
y
..........................
$
99,735
$
$(
581
)$
99,15
4
Fe
d
era
l
A
g
enc
i
es
Mort
g
a
g
e-
b
ac
k
e
d
secur
i
t
i
e
s
..............
3,444,436 44,83
5(
9,163
)
3,480,10
8
TLGP securitie
s
......................
25
8,672 2,037
(
321
)
260,388
Other a
g
encies
.......................
2,724,815 6,346
(
4,158
)
2,727,003
T
otal
U
.
S
.
G
o
v
ernment backed securities
.....
6,
5
27,6
5
8
5
3,218
(
14,223
)
6,
5
66,6
53
Munici
p
al securities
.....................
118,447 6,424
(
86
)
124,78
5
Pri
v
ate label
C
M
O
......................
534,377 99
(
57,157
)
477,319
Asset
b
ac
k
e
d
secur
i
t
i
es
(
1
)
.................
1,128,474 7,709
(
1
55
,867
)
980,31
6
Ot
h
er secur
i
t
i
es
........................
439,132 296
(5
87
)
438,841
Total
i
nvestment secur
i
t
i
e
s
...............
$
8
,
748
,
088
$
67
,
746
$
(227
,
920)
$
8
,
587
,
914
(1) Amounts at Decem
b
er 31, 2009
i
nc
l
u
d
e secur
i
t
i
es
b
ac
k
e
dby
automo
bil
e
l
oans w
i
t
h
a
f
a
i
rva
l
ue o
f
$
309.4 million which meet the eli
g
ibilit
y
requirements for the Term Asset-Backed Securities Loan Facilit
y,
or “TALF,” administered b
y
the Federal Reserve Bank of New York, and securities with a fair value o
f
$
161.0 million backed b
y
student loans with a minimum 97%
g
overnment
g
uarantee
.
1
5
1