Huntington National Bank 2011 Annual Report Download - page 167

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million and $105.7 million, of Federal Reserve Bank stock, respectively. Other securities also include corporate
debt and marketable equity securities. Nonmarketable equity securities are valued at amortized cost. At
December 31, 2011 and 2010, Huntington did not have any material equity positions in FNMA or FHLMC.
The following tables provide amortized cost, fair value, and gross unrealized gains and losses recognized in
OCI by investment category at December 31, 2011 and 2010.
Unrealized
Amortized
Cost
Gross
Gains
Gross
Losses Fair Value
(dollar amounts in thousands)
December 31, 2011
U.S. Treasury .......................... $ 52,282 $ 922 $ — $ 53,204
Federal agencies:
Mortgage-backed securities ............. 4,378,623 88,266 (1,997) 4,464,892
TLGP securities ...................... — — — —
Other agencies ....................... 724,726 10,821 (3) 735,544
Total U.S. government backed securities .... 5,155,631 100,009 (2,000) 5,253,640
Municipal securities ..................... 394,862 12,889 (25) 407,726
Private-label CMO ...................... 84,598 347 (12,581) 72,364
Asset-backed securities(1) ................ 1,100,290 3,925 (137,127) 967,088
Covered bonds ......................... 510,937 860 (7,752) 504,045
Corporate debt ......................... 533,306 891 (5,314) 528,883
Other securities ........................ 344,330 219 (281) 344,268
Total available-for-sale and other
securities ........................... $8,123,954 $119,140 $(165,080) $8,078,014
(1) Amounts at December 31, 2011 include securities backed by automobile loans with a fair value of $145
million which meet the eligibility requirements for the Term Asset-Backed Securities Loan Facility,
administered by the Federal Reserve Bank.
Unrealized
Amortized
Cost
Gross
Gains
Gross
Losses Fair Value
(dollar amounts in thousands)
December 31, 2010
U.S. Treasury .......................... $ 52,425 $ — $ (644) $ 51,781
Federal agencies:
Mortgage-backed securities ............. 4,733,831 71,901 (51,328) 4,754,404
TLGP securities ...................... 181,680 1,787 — 183,467
Other agencies ....................... 2,070,722 4,874 (17,220) 2,058,376
Total U.S. government backed securities .... 7,038,658 78,562 (69,192) 7,048,028
Municipal securities ..................... 456,044 6,154 (6,483) 455,715
Private-label CMO ...................... 134,509 1,236 (13,820) 121,925
Asset-backed securities(2) ................ 1,341,407 6,563 (140,848) 1,207,122
Covered bonds ......................... 379,711 — (12,502) 367,209
Corporate debt ......................... 329,988 24 (6,623) 323,389
Other securities ........................ 372,283 364 (791) 371,856
Total available-for-sale and other
securities ........................... $10,052,600 $92,903 $(250,259) $9,895,244
(2) Amounts at December 31, 2010 include securities backed by automobile loans with a fair value of $509
million which meet the eligibility requirements for the Term Asset-Backed Securities Loan Facility,
administered by the Federal Reserve Bank.
153