Huntington National Bank 2011 Annual Report Download - page 172

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For the periods ended December 31, 2011, 2010 and 2009, the following tables summarize by debt security
type, total OTTI losses, OTTI losses included in OCI, and OTTI recognized in the Consolidated Statements of
Income for securities evaluated for impairment as described above.
Year Ended December 31, 2011
Alt-A
Mortgage-backed
Pooled-
trust-preferred
Private
Label CMO Total
(dollar amounts in thousands)
Total OTTI recoveries (losses)
(unrealized and realized) ........... $(724) $ 4,389 $ 1,163 $ 4,828
Unrealized OTTI (recoveries) losses
recognized in OCI .............. 363 (8,187) (3,713) (11,537)
Net impairment losses recognized in
earnings ........................ $(361) $(3,798) $(2,550) $ (6,709)
Year Ended December 31, 2010
Alt-A
Mortgage-backed
Pooled-
trust-preferred
Private
Label CMO Total
(dollar amounts in thousands)
Total OTTI recoveries (losses)
(unrealized and realized) ........... $ 566 $1,254 $ 8,046 $ 9,866
Unrealized OTTI (recoveries) losses
recognized in OCI .............. (2,198) (6,176) (15,195) (23,569)
Net impairment losses recognized in
earnings ........................ $(1,632) $(4,922) $ (7,149) $(13,703)
Year Ended December 31, 2009(1)
Alt-A
Mortgage-backed
Pooled-
trust-preferred
Private
Label CMO Total
(dollar amounts in thousands)
Total OTTI (losses) recoveries
(unrealized and realized) .......... $(16,906) $(131,902) $(30,727) $(179,535)
Unrealized OTTI losses (recoveries)
recognized in OCI ............... 6,186 93,491 24,731 124,408
Net impairment losses recognized in
earnings ...................... $(10,720) $ (38,411) $ (5,996) $ (55,127)
(1) Huntington adopted the updated OTTI provisions on April 1, 2009. Amounts represent activity from
adoption date through December 31, 2009.
The following table rolls forward the unrealized OTTI recognized in OCI on debt securities held by
Huntington for the years ended December 31, 2011 and 2010 as follows:
Year Ended December 31,
2011 2010
(dollar amounts in thousands)
Balance, beginning of year ........................................ $100,838 $124,408
Reductions from sales of securities with credit impairment ............. (1,053) (12,907)
Noncredit impairment on securities not previously considered credit
impaired ................................................... — 30,215
Change due to improvement in expected cash flows .................. (20,379) (49,802)
Additional noncredit impairment on securities with previous credit
impairment ................................................ 9,895 8,924
Balance, end of year ............................................ $ 89,301 $100,838
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