Huntington National Bank 2010 Annual Report Download - page 212

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Statements of Income 2010 2009 2008
Year Ended December 31,
(Dollar amounts in thousands)
Income
Dividends from
The Huntington National Bank ................... $—$ $ 142,254
Non-bank subsidiaries ......................... 33,000 70,600 69,645
Interest from
The Huntington National Bank ................... 82,749 51,620 19,749
Non-bank subsidiaries ......................... 12,185 14,662 12,700
Other ....................................... 2,987 68,352 108
Total income ................................... 130,921 205,234 244,456
Expense
Personnel costs ................................ 30,334 21,206 24,398
Interest on borrowings ........................... 23,765 29,357 44,890
Other ....................................... 49,019 28,398 240
Total expense ................................... 103,118 78,961 69,528
Income before income taxes and equity in undistributed net
income of subsidiaries ........................... 27,803 126,273 174,928
Income taxes (benefit) ............................. 48,505 20,675 (120,371)
Income (loss) before equity in undistributed net income of
subsidiaries ................................... (20,702) 105,598 295,299
Increase (decrease) in undistributed net income (loss) of:
The Huntington National Bank .................... 344,961 (3,130,329) (98,863)
Non-bank subsidiaries ........................... (11,912) (69,448) (310,242)
Net income (loss) ................................ $312,347 $(3,094,179) $(113,806)
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