Huntington National Bank 2010 Annual Report Download - page 105
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Regulatory Capital
Regulatory capital ratios are the primary metrics used by regulators in assessing the safety and soundness
of banks. We intend to maintain both our and the Bank’s risk-based capital ratios at levels at which both
would be considered Well-capitalized by regulators. The Bank is primarily supervised and regulated by the
OCC, which establishes regulatory capital guidelines for banks similar to those established for bank holding
companies by the Federal Reserve Board.
Regulatory capital primarily consists of Tier 1 capital and Tier 2 capital. The sum of Tier 1 capital and
Tier 2 capital equals our total risk-based capital. The following table reflects changes and activity to the
various components utilized in the calculation of our consolidated Tier 1, Tier 2, and total risk-based capital
amounts during 2010.
Table 45 — Regulatory Capital Activity
Common
Shareholders’
Equity(1)
Preferred
Shareholders’
Equity
Qualifying
Core Capital(2)
Disallowed
Goodwill &
Intangible Assets
Disallowed
Other
Adjustments (net)
Tier 1
Capital
(Dollar amounts in millions)
Balance at December 31,
2009 . . .............. $3,804.9 $ 1,687.5 $620.5 $(632.2) $(279.5) $ 5,201.2
Cumulative effect of
accounting changes ...... (1.8) — — — — (1.8)
Earnings . .............. 312.3 — — — — 312.3
Changes to disallowed
adjustments ........... — — — 25.0 11.7 36.7
Cash dividends declared .... (129.1) — — — — (129.1)
Issuance of common stock . . 886.2 — — — — 886.2
Repurchase of TARP
Capital . .............. — (1,398.1) — — — (1,398.1)
Preferred stock discount
accretion and repurchase . . (73.1) 73.1 — — — —
Disallowance of deferred tax
assets . . .............. — — — — 98.9 98.9
Change in minority interest. . — — (0.2) — — (0.2)
Other .................. 15.7 — — — — 15.7
Balance at December 31,
2010 ................ $4,815.1 $ 362.5 $620.3 $(607.2) $(168.9) $ 5,021.8
Qualifying
ACL
Qualifying
Subordinated
Debt Tier 2 capital
Tier 1 Capital
(from above)
Total Risk-Based
Capital
Balance at December 31, 2009........ $556.3 $473.2 $1,029.5 $5,201.2 $6,230.7
Change in qualifying subordinated
debt.......................... — 237.3 237.3 — 237.3
Change in qualifying ACL ........... (4.0) — (4.0) — (4.0)
Changes to Tier 1 capital (see above) . . . — — — (179.4) (179.4)
Balance at December 31, 2010 ....... $552.3 $710.5 $1,262.8 $5,021.8 $6,284.6
(1) Excludes OCI and minority interest.
(2) Includes minority interest.
91