Huntington National Bank 2010 Annual Report Download - page 157

Download and view the complete annual report

Please find page 157 of the 2010 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 228

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228

Amortized
Cost
Gross
Gains
Gross
Losses
Fair
Value
Unrealized
(Dollar amounts in thousands)
December 31, 2009
U.S. Treasury .......................... $ 99,735 $ — $ (581) $ 99,154
Federal agencies:
Mortgage-backed securities .............. 3,444,436 44,835 (9,163) 3,480,108
TLGP securities ...................... 258,672 2,037 (321) 260,388
Other agencies ....................... 2,724,815 6,346 (4,158) 2,727,003
Total U.S. government backed securities ...... 6,527,658 53,218 (14,223) 6,566,653
Municipal securities ..................... 118,447 6,424 (86) 124,785
Private-label CMO ...................... 534,377 99 (57,157) 477,319
Asset-backed securities(2) ................ 1,128,474 7,709 (155,867) 980,316
Other securities ........................ 439,132 296 (587) 438,841
Total available-for-sale and other securities .. $8,748,088 $67,746 $(227,920) $8,587,914
(2) Amounts at December 31, 2009 include securities backed by automobile loans with a fair value of
$309.4 million which meet the eligibility requirements for the Term Asset-Backed Securities Loan Facility,
administered by the Federal Reserve Bank, and securities with a fair value of $161.0 million backed by
student loans with a minimum 97% government guarantee.
Other securities at December 31, 2010 and 2009 include $165.6 million and $240.6 million, respectively,
of stock issued by the FHLB of Cincinnati, $37.4 million and $45.7 million, respectively, of stock issued by
the FHLB of Indianapolis, and $105.7 million and $90.4 million, of Federal Reserve Bank stock, respectively.
Other securities also include corporate debt and marketable equity securities. Nonmarketable equity securities
are valued at amortized cost. At December 31, 2010 and 2009, Huntington did not have any material equity
positions in FNMA or FHLMC.
143