Huntington National Bank 2010 Annual Report Download - page 89

Our available-for-sale and other securities portfolio is comprised of various financial instruments. At
December 31, 2010, our available-for-sale and other securities portfolio totaled $9.9 billion, an increase of
$1.3 billion from 2009. The duration of the portfolio increased by 0.6 years as a result of the purchase of
additional structured mortgage, municipal and corporate debt securities. Municipal securities comprise 4.5% of
the portfolio and consist primarily of general obligation and revenue bonds for essential services from 18
different states. The composition and maturity of the portfolio is presented on the following two tables.
Table 31 — Available-for-sale and Other Securities Portfolio Summary at Fair Value
2010 2009 2008
At December 31,
(Dollar amounts in thousands)
U.S. Government backed agencies .................. $7,048,028 $6,566,653 $2,242,978
Other ........................................ 2,847,216 2,021,261 2,141,479
Total available-for-sale and other securities .......... $9,895,244 $8,587,914 $4,384,457
Duration in years(1) ............................. 3.0 2.4 5.2
(1) The average duration assumes a market driven pre-payment rate on securities subject to pre-payment.
Table 32 — Available-for-sale and Other Securities Portfolio Composition and Maturity
Amortized
Cost Fair Value Yield(1)
At December 31, 2010
(Dollar amounts in thousands)
U.S. Treasury
Under 1 year .................................. $ — $ — —%
1-5 years ..................................... 52,425 51,781 1.02
6-10 years .................................... — — —
Over 10 years .................................. — — —
Total U.S. Treasury ............................... 52,425 51,781 1.02
Federal agencies — mortgage backed securities
Under 1 year .................................. — — —
1-5 years ..................................... — — —
6-10 years .................................... 656,176 664,793 2.72
Over 10 years .................................. 4,077,655 4,089,611 3.03
Total Federal agencies — mortgage backed securities. . . 4,733,831 4,754,404 2.99
TLGP securities
Under 1 year .................................. 156,450 157,931 1.54
1-5 years ..................................... 25,230 25,536 1.47
6-10 years .................................... — — —
Over 10 years .................................. — — —
Total TLGP securities ........................... 181,680 183,467 1.53
Other agencies
Under 1 year .................................. 158,273 159,288 1.45
1-5 years ..................................... 1,898,867 1,885,230 1.27
6-10 years .................................... 13,082 13,359 3.08
Over 10 years .................................. 500 499 3.06
Total other Federal agencies ...................... 2,070,722 2,058,376 1.30
Total U.S. Government backed agencies ............... 7,038,658 7,048,028 2.44
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