Huntington National Bank 2012 Annual Report Download - page 190

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182
The following tables present the carrying amount and classification of the consolidated trusts’ assets and liabilities that were
included in the Consolidated Balance Sheets at December 31, 2012 and 2011:
2009 2006 Other
Automobile Automobile Consolidated
Trust Trust Trusts Total
(dollar amounts in thousands) December 31, 2012
Assets:
Cash $ 12,577 $ 91,113 $ --- $ 103,690
Loans and leases 142,762 356,162 --- 498,924
Allowance for loan and lease losses --- (2,671) --- (2,671)
N
et loans and leases 142,762 353,491 --- 496,253
Accrued income and other assets 617 1,353 288 2,258
Total assets $ 155,956 $ 445,957 $ 288 $ 602,201
Liabilities:
Other long-term debt $ --- $ 2,086 $ --- $ 2,086
Accrued interest and other
liabilities --- 1 288 289
Total liabilities $ --- $ 2,087 $ 288 $ 2,375
2008 2009 2006 Other
Automobile Automobile Automobile Consolidated
Trust Trust Trust Trusts Total
(dollar amounts in thousands) December 31, 2011
Assets:
Cash $ 12,722 $ 18,212 $ 52,325 $ --- $ 83,259
Loans and leases 131,563 296,250 704,345 --- 1,132,158
Allowance for loan and lease losses (1,118) --- (5,987) --- (7,105)
N
et loans and leases 130,445 296,250 698,358 --- 1,125,053
Accrued income and other assets 610 1,692 2,959 1,117 6,378
Total assets $ 143,777 $ 316,154 $ 753,642 $ 1,117 $ 1,214,690
Liabilities:
Other long-term debt $ 18,230 $ 123,039 $ 333,644 $ --- $ 474,913
Accrued interest and other
liabilities 40 298 88 419 845
Total liabilities $ 18,270 $ 123,337 $ 333,732 $ 419 $ 475,758
The automobile loans and leases were designated to repay the securitized notes. Huntington services the loans and leases and
uses the proceeds from principal and interest payments to pay the securitized notes during the amortization period. Huntington has not
provided financial or other support that was not previously contractually required.