Huntington National Bank 2012 Annual Report Download - page 70

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6-10 years 257,314 265,490 3.28
Over 10 years 58,000 57,451 3.00
Total municipal securities 489,080 501,000 3.06
Private label CMO:
Under 1 year --- --- ---
1-5 years --- --- ---
6-10 years 7,394 7,567 5.70
Over 10 years 68,163 64,001 2.85
Total private label CMO 75,557 71,568 3.13
Asset-backed securities:
Under 1 year 26,000 26,258 1.86
1-5 years 506,319 514,616 1.73
6-10 years 204,525 210,477 2.05
Over 10 years 389,471 277,732 1.96
Total asset-backed securities 1,126,315 1,029,083 1.87
Covered bonds:
Under 1 year --- --- ---
1-5 years 282,080 290,625 1.75
6-10 years --- --- ---
Over 10 years --- --- ---
Total covered bonds 282,080 290,625 1.75
Corporate debt:
Under 1 year 27,153 27,411 2.03
1-5 years 458,516 468,077 2.07
6-10 years 158,878 162,453 3.20
Over 10 years 10,146 10,201 4.85
Total corporate debt 654,693 668,142 2.39
Other:
Under 1 year 1,500 1,498 2.11
1-5 years 2,400 2,400 2.23
6-10 years --- --- ---
Over 10 years --- --- ---
N
onmarketable equity securities (2) 308,075 308,075 4.97
Marketable equity securities (3) 16,877 17,177
Total other 328,852 329,150
Total available-for-sale and other securities $ 7,507,007 $ 7,566,175 2.40 %
(1) Weighted average yields were calculated using amortized cost on a fully-taxable equivalent basis, assuming a 35% tax rate.
(2) Consists of FHLB and FRB restricted stock holding carried at par.
(3) Consists of certain mutual fund and equity security holdings.
Bank Liquidity and Sources of Liquidity
Our primary sources of funding for the Bank are retail and commercial core deposits. As of December 31, 2012, these core
deposits funded 78% of total assets (108% of total loans). At December 31, 2012, total core deposits represented 95% of total
deposits, unchanged from the prior year-end.
Core deposits are comprised of interest-bearing and noninterest-bearing demand deposits, money market deposits, savings and
other domestic deposits, consumer certificates of deposit both over and under $250,000, and nonconsumer certificates of deposit less
than $250,000. Noncore deposits consist of brokered money market deposits and certificates of deposit, foreign time deposits, and
other domestic deposits of $250,000 or more comprised primarily of public fund certificates of deposit more than $250,000.
Core deposits may increase our need for liquidity as certificates of deposit mature or are withdrawn before maturity and as
nonmaturity deposits, such as checking and savings account balances, are withdrawn. Noninterest-bearing demand deposits increased
$1.4 billion from the prior year, but include certain large commercial deposits that may be more short-term in nature.
Demand deposit overdrafts that have been reclassified as loan balances were $17.2 million and $26.2 million at December 31,
2012 and 2011, respectively.