Huntington National Bank 2011 Annual Report Download - page 136
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Huntington Bancshares Incorporated
Consolidated Statements of Changes in Shareholders’ Equity
Preferred Stock
Capital
Surplus
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
(Deficit)
Series B
Series AFixed Rate Common Stock Treasury Stock
Shares Amount Shares Amount Shares Amount Shares Amount Total
(all amounts in thousands,
except for per share
amounts)
Year Ended December 31,
2010
Balance, beginning of year . . . 1,398 $ 1,325,008 363 $362,507 716,741 $7,167 $6,731,796 (980) $(11,465) $(156,985) $(2,922,026) $ 5,336,002
Cumulative effect of change
in accounting principle for
consolidation of variable
interest entities, net of tax
of $3,097 ............. (4,249) (1,821) (6,070)
Balance, beginning of year, as
adjusted ................ 1,398 1,325,008 363 362,507 716,741 7,167 6,731,796 (980) (11,465) (161,234) (2,923,847) 5,329,932
Comprehensive Income:
Net income (loss) ......... 312,347 312,347
Non-credit-related
impairment recoveries
(losses) on debt securities
not expected to be sold . . . 15,320 15,320
Unrealized net gains (losses)
on available-for-sale and
other securities arising
during the period, net of
reclassification for net
realized gains .......... (9,406) (9,406)
Unrealized gains (losses) on
cash flow hedging
derivatives ............ (23,155) (23,155)
Change in accumulated
unrealized losses for
pension and other post-
retirement obligations . . . (19,021) (19,021)
Total comprehensive income
(loss) ................... 276,085
Issuance of common stock .... 146,568 1,465 884,707 886,172
Repurchase of Preferred
Series B stock ............ (1,398) (1,398,071) (1,398,071)
Preferred Series B stock
discount accretion and
redemption .............. 73,063 (73,063) —
Cash dividends declared:
Common ($0.04 per
share) ................ (30,139) (30,139)
Preferred Series B ($48.75
per share) ............. (68,156) (68,156)
Preferred Series A ($85.00
per share) ............. (30,813) (30,813)
Recognition of the fair value of
share-based
compensation ............ 4 15,449 15,453
Other share-based
compensation activity ..... 886 6 482 (535) (47)
Other .................... (2,341) 104 2,694 (227) 126
Balance, end of year ......... — $ — 363 $362,507 864,195 $8,642 $7,630,093 (876) $ (8,771) $(197,496) $(2,814,433) $ 4,980,542
See Notes to Consolidated Financial Statements
122