Huntington National Bank 2010 Annual Report Download - page 142
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Huntington Bancshares Incorporated
Consolidated Statements of Changes in Shareholders’ Equity
Shares Amount Shares Amount Shares Amount
Capital
Surplus Shares Amount
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
(Deficit) Total
Series B Series A Common Stock Treasury Stock
Preferred Stock
(All amounts in thousands,
except for per share amounts)
Year Ended December 31, 2010
Balance, beginning of year .......... 1,398 $ 1,325,008 363 $362,507 716,741 $7,167 $6,731,796 (980) $(11,465) $(156,985) $(2,922,026) $ 5,336,002
Cumulative effect of change in accounting
principle for consolidation of variable
interest entities, net of tax of $3,097 . . . (4,249) (1,821) (6,070)
Balance, beginning of year .......... 1,398 1,325,008 363 362,507 716,741 7,167 6,731,796 (980) (11,465) (161,234) (2,923,847) 5,329,932
Comprehensive Income:
Net income (loss) . ............. 312,347 312,347
Non-credit-related impairment recoveries
(losses) on debt securities not expected
to be sold ................. 15,320 15,320
Unrealized net gains (losses) on
available-for-sale and other securities
arising during the period, net of
reclassification for net realized
gains ................... (9,406) (9,406)
Unrealized gains (losses) on cash flow
hedging derivatives ........... (23,155) (23,155)
Change in accumulated unrealized losses
for pension and other post-retirement
obligations . . . ............. (19,021) (19,021)
Total comprehensive income (loss) ..... 276,085
Issuance of common stock .......... 146,568 1,465 884,707 886,172
Repurchase of Preferred Series B stock . . . (1,398) (1,398,071) (1,398,071)
Preferred Series B stock discount accretion
and redemption . . ............. 73,063 (73,063) —
Cash dividends declared:
Common ($0.04 per share) . . ...... (30,139) (30,139)
Preferred Series B ($48.75 per share) . . . (68,156) (68,156)
Preferred Series A ($85.00 per share) . . (30,813) (30,813)
Recognition of the fair value of share-based
compensation . . . ............. 4 15,449 15,453
Other share-based compensation activity . . 886 6 482 (535) (47)
Other . . .................... (2,341) 104 2,694 (227) 126
Balance, end of year ............. —$ — 363 $362,507 864,195 $8,642 $7,630,093 (876) $ (8,771) $(197,496) $(2,814,433) $ 4,980,542
See Notes to Consolidated Financial Statements
128