Huntington National Bank 2011 Annual Report Download - page 195

Huntington also sponsors other retirement plans, the most significant being the Supplemental Executive
Retirement Plan and the Supplemental Retirement Income Plan. These plans are nonqualified plans that provide
certain current and former officers and directors of Huntington and its subsidiaries with defined pension benefits
in excess of limits imposed by federal tax law. At December 31, 2011 and 2010, Huntington has an accrued
pension liability of $26.9 million and $23.1 million, respectively, associated with these plans. Pension expense
for the plans was $1.8 million, $1.8 million, and $2.9 million in 2011, 2010, and 2009, respectively.
The following table presents the amounts recognized in the consolidated balance sheets at December 31,
2011 and 2010 for all of Huntington defined benefit plans:
2011 2010
(dollar amounts in thousands)
Accrued expenses and other liabilities ............................... $177,092 $156,551
The following tables present the amounts recognized in OCI as of December 31, 2011, 2010, and 2009, and
the changes in accumulated OCI for the years ended December 31, 2011, 2010, and 2009:
2011 2010 2009
(dollar amounts in thousands)
Net actuarial loss ................................... $(215,628) $(166,183) $(151,564)
Prior service cost ................................... 30,261 34,688 39,093
Transition liability .................................. 363
Defined benefit pension plans ......................... $(185,364) $(131,489) $(112,468)
2011
Pretax
Tax (expense)
Benefit After-tax
(dollar amounts in thousands)
Balance, beginning of year ......................... $(202,292) $70,803 $(131,489)
Net actuarial (loss) gain:
Amounts arising during the year .................... (104,146) 36,451 (67,695)
Amortization included in net periodic benefit costs ..... 28,077 (9,827) 18,250
Prior service cost:
Amounts arising during the year .................... —— —
Amortization included in net periodic benefit costs ..... (6,811) 2,384 (4,427)
Transition obligation:
Amortization included in net periodic benefit costs ..... (5) 2 (3)
Balance, end of year ............................... $(285,177) $99,813 $(185,364)
2010
Pretax
Tax (expense)
Benefit After-tax
(dollar amounts in thousands)
Balance, beginning of year ......................... $(173,029) $60,561 $(112,468)
Net actuarial (loss) gain:
Amounts arising during the year .................... (45,804) 16,031 (29,773)
Amortization included in net periodic benefit costs ..... 23,313 (8,159) 15,154
Prior service cost:
Amounts arising during the year .................... — — —
Amortization included in net periodic benefit costs ..... (6,777) 2,372 (4,405)
Transition obligation:
Amortization included in net periodic benefit costs ..... 5 (2) 3
Balance, end of year ............................... $(202,292) $70,803 $(131,489)
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