Huntington National Bank 2010 Annual Report Download - page 176

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Pretax
Tax (Expense)
Benefit After-Tax
2008
(Dollar amounts in thousands)
Unrealized holding (losses) gains on available-for-sale debt
securities arising during the period ................. $(502,756) $177,040 $(325,716)
Less: Reclassification adjustment for net losses (gains)
included in net income .......................... 197,370 (69,080) 128,290
Net change in unrealized holding (losses) gains on
available-for-sale debt securities ................... (305,386) 107,960 (197,426)
Net change in unrealized holding (losses) gains on
available-for-sale equity securities ................. (490) 171 (319)
Unrealized gains and losses on derivatives used in cash
flow hedging relationships arising during the period .... 61,669 (21,584) 40,085
Cumulative effect of changing measurement date
provisions for pension and post-retirement assets and
obligations ................................... (5,898) 2,064 (3,834)
Change in pension and post-retirement benefit plan assets
and liabilities ................................. (177,828) 62,240 (115,588)
Total other comprehensive (loss) income ............. $(427,933) $150,851 $(277,082)
Activity in OCI for the three years ended December 31, were as follows:
Unrealized
Gains and
(Losses) on Debt
Securities
Unrealized
Gains and
(Losses) on
Equity securities
Unrealized
Gains and
(Losses) on
Cash Flow
Hedging
Derivatives
Unrealized
Gains (Losses)
for Pension
and Other
Post-Retirement
Obligations Total
(Dollar amounts in thousands)
Balance, January 1, 2008 ......... $ (10,001) $ (10) $ 4,553 $ (44,153) $ (49,611)
Cumulative effect of change in
measurement date provisions for
pension and post-retirement assets
and obligations, net of tax . . ..... — — — (3,834) (3,834)
Period change .................. (197,426) (319) 40,085 (115,588) (273,248)
Balance, December 31, 2008 ...... (207,427) (329) 44,638 (163,575) (326,693)
Cumulative effect of change in
accounting principle for OTTI debt
securities, net of tax ........... (3,541) — — — (3,541)
Period change .................. 107,908 7 14,227 51,107 173,249
Balance, December 31, 2009 ...... (103,060) (322) 58,865 (112,468) (156,985)
Cumulative effect of change in
accounting principle for
consolidation of variable interest
entities, net of tax ............. (4,249) — — — (4,249)
Period change .................. 6,019 (105) (23,155) (19,021) (36,262)
Balance, December 31, 2010 ...... $(101,290) $(427) $ 35,710 $(131,489) $(197,496)
162