Huntington National Bank 2011 Annual Report Download - page 86

Available-for-sale and other securities portfolio
(This section should be read in conjunction with the Critical Accounting Policies and Use of Significant
Estimates discussion, and Note 4 of the Notes to Consolidated Financial Statements.)
Our investment securities portfolio is evaluated under established asset/liability management objectives. Changing
market conditions could affect the profitability of the portfolio, as well as the level of interest rate risk exposure.
Our available-for-sale and other securities portfolio is comprised of various financial instruments. At
December 31, 2011, our available-for-sale and other securities portfolio totaled $8.1 billion, a decrease of $1.8
billion from 2010. The duration of the portfolio increased by 0.1 years to 3.1 years.
The composition and maturity of the portfolio is presented on the following two tables.
Table 26 — Available-for-sale and other securities Portfolio Summary at Fair Value
At December 31,
2011 2010 2009
(dollar amounts in thousands)
U.S. Government backed agencies ................... $5,253,640 $7,048,028 $6,566,653
Other .......................................... 2,824,374 2,847,216 2,021,261
Total available-for-sale and other securities .......... $8,078,014 $9,895,244 $8,587,914
Duration in years(1) .............................. 3.1 3.0 2.4
(1) The average duration assumes a market driven prepayment rate on securities subject to prepayment.
Table 27 — Available-for-sale and other securities Portfolio Composition and Maturity
At December 31, 2011
Amortized
Cost Fair Value Yield(1)
(dollar amounts in thousands)
U.S. Treasury:
Under 1 year ...................................... $ — $ — —%
1-5 years ......................................... 51,773 52,672 1.02
6-10 years ........................................ 509 532 1.94
Over 10 years ..................................... — — —
Total U.S. Treasury ................................. 52,282 53,204 1.03
Federal agencies: mortgage-backed securities
Under 1 year ...................................... — — —
1-5 years ......................................... 218,410 219,055 1.76
6-10 years ........................................ 400,105 409,521 2.58
Over 10 years ..................................... 3,760,108 3,836,316 2.68
Total Federal agencies: mortgage-backed securities .... 4,378,623 4,464,892 2.62
Other agencies:
Under 1 year ...................................... 101,346 101,656 1.48
1-5 years ......................................... 611,047 620,639 1.31
6-10 years ........................................ 12,333 13,249 3.17
Over 10 years ..................................... — — —
Total other Federal agencies ........................ 724,726 735,544 1.37
Total U.S. Government backed agencies ................ 5,155,631 5,253,640 2.43
(Continued)
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