Huntington National Bank 2010 Annual Report Download - page 137

REPORT OF MANAGEMENT
The Management of Huntington Bancshares Incorporated (Huntington or the Company) is responsible for
the financial information and representations contained in the Consolidated Financial Statements and other
sections of this report. The Consolidated Financial Statements have been prepared in conformity with
accounting principles generally accepted in the United States. In all material respects, they reflect the
substance of transactions that should be included based on informed judgments, estimates, and currently
available information. Management maintains a system of internal accounting controls, which includes the
careful selection and training of qualified personnel, appropriate segregation of responsibilities, communication
of written policies and procedures, and a broad program of internal audits. The costs of the controls are
balanced against the expected benefits. During 2010, the audit committee of the board of directors met
regularly with Management, Huntington’s internal auditors, and the independent registered public accounting
firm, Deloitte & Touche LLP, to review the scope of the audits and to discuss the evaluation of internal
accounting controls and financial reporting matters. The independent registered public accounting firm and the
internal auditors have free access to, and meet confidentially with, the audit committee to discuss appropriate
matters. Also, Huntington maintains a disclosure review committee. This committee’s purpose is to design and
maintain disclosure controls and procedures to ensure that material information relating to the financial and
operating condition of Huntington is properly reported to its chief executive officer, chief financial officer,
internal auditors, and the audit committee of the board of directors in connection with the preparation and
filing of periodic reports and the certification of those reports by the chief executive officer and the chief
financial officer.
REPORT OF MANAGEMENT’S ASSESSMENT OF INTERNAL CONTROL OVER
FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial
reporting for the Company, including accounting and other internal control systems that, in the opinion of
Management, provide reasonable assurance that (1) transactions are properly authorized, (2) the assets are
properly safeguarded, and (3) transactions are properly recorded and reported to permit the preparation of the
Consolidated Financial Statements in conformity with accounting principles generally accepted in the United
States. Huntington’s Management assessed the effectiveness of the Company’s internal control over financial
reporting as of December 31, 2010. In making this assessment, Management used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control —
Integrated Framework. Based on that assessment, Management believes that, as of December 31, 2010, the
Company’s internal control over financial reporting is effective based on those criteria. The Company’s
internal control over financial reporting as of December 31, 2010 has been audited by Deloitte & Touche LLP,
an independent registered public accounting firm, as stated in their report appearing on the next page, which
expresses an unqualified opinion on the effectiveness of the Company’s internal control over financial
reporting as of December 31, 2010.
Stephen D. Steinour — Chairman, President, and Chief Executive Officer
Donald R. Kimble — Senior Executive Vice President and Chief Financial Officer
February 18, 2011
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