Huntington National Bank 2010 Annual Report Download - page 160
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For the period ended December 31, 2010 and 2009, the following tables summarize by debt security type,
total OTTI losses, OTTI losses included in OCI, and OTTI recognized in the Consolidated Statements of
Income for securities evaluated for impairment as described above.
Alt-A
Mortgage-Backed
Pooled-
Trust-Preferred
Private
Label CMO Total
Year Ended December 31, 2010
(Dollar amounts in thousands)
Total OTTI recoveries (losses)
(unrealized and realized) . ......... $ 566 $1,254 $ 8,046 $ 9,866
Unrealized OTTI (recoveries) losses
recognized in OCI ............. (2,198) (6,176) (15,195) (23,569)
Net impairment losses recognized in
earnings ...................... $(1,632) $(4,922) $(7,149) $(13,703)
Alt-A
Mortgage-Backed
Pooled-
Trust-Preferred
Private
Label CMO Total
Year Ended December 31, 2009(1)
(Dollar amounts in thousands)
Total OTTI (losses) recoveries
(unrealized and realized) ......... $(16,906) $(131,902) $(30,727) $(179,535)
Unrealized OTTI losses (recoveries)
recognized in OCI ............ 6,186 93,491 24,731 124,408
Net impairment losses recognized in
earnings ..................... $(10,720) $(38,411) $(5,996) $(55,127)
(1) Huntington adopted the updated OTTI provisions on April 1, 2009. Amounts represent activity from adop-
tion date through December 31, 2009.
The following table rolls forward the unrealized OTTI recognized in OCI on debt securities held by
Huntington for the years ended December 31, 2010 and 2009 as follows:
2010 2009(1)
Year Ended December 31,
(Dollar amounts in thousands)
Balance, beginning of year ..................................... $124,408 $ —
Reductions from sales ....................................... (12,907) —
Credit losses not previous recognized ............................ 30,215 128,892
Change in expected cash flows................................. (49,802) (11,201)
Additional credit losses ...................................... 8,924 6,717
Balance, end of year ......................................... $100,838 $124,408
(1) Huntington adopted the updated OTTI provisions on April 1, 2009. Amounts represent activity from adop-
tion date through December 31, 2009.
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