Huntington National Bank 2013 Annual Report Download - page 140
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134
Other securities at December 31, 2013 and 2012 include nonmarketable equity securities of $165.6 million of stock issued by the
FHLB of Cincinnati, none and $3.5 million, respectively, of stock issued by the FHLB of Indianapolis, and $155.4 million and $139.0
million, of Federal Reserve Bank stock, respectively. Nonmarketable equity securities are recorded at amortized cost. Other
securities also include marketable equity securities.
The following tables provide amortized cost, fair value, and gross unrealized gains and losses recognized in OCI by investment
category at December 31, 2013 and 2012:
Unrealized
Amortized Gross Gross Fair
(dollar amounts in thousands) Cost Gains Losses Value
December 31, 2013
U.S. Treasury $ 51,301 $ 303 $ --- $ 51,604
Federal agencies:
Mortgage-backed securities 3,562,444 42,319 (38,542) 3,566,221
Other agencies 313,877 6,105 (94) 319,888
Total U.S. government backed securities 3,927,622 48,727 (38,636) 3,937,713
Municipal securities (1) 1,140,263 18,825 (13,096) 1,145,992
Private-label CMO 51,238 1,188 (3,322) 49,104
Asset-backed securities 1,172,284 6,771 (88,015) 1,091,040
Covered bonds 280,595 5,279 --- 285,874
Corporate debt 455,493 11,241 (9,494) 457,240
Other securities 341,412 511 (133) 341,790
Total available-for-sale and other securities $ 7,368,907 $ 92,542 $ (152,696) $ 7,308,753
Unrealized
Amortized Gross Gross Fair
(dollar amounts in thousands) Cost Gains Losses Value
December 31, 2012
U.S. Treasury $ 51,620 $ 691 $ --- $ 52,311
Federal agencies:
Mortgage-backed securities 4,149,964 114,984 (278) 4,264,670
Other agencies 348,846 10,781 (1) 359,626
Total U.S. government backed securities 4,550,430 126,456 (279) 4,676,607
Municipal securities 489,080 13,927 (2,007) 501,000
Private-label CMO 75,557 1,087 (5,076) 71,568
Asset-backed securities (2) 1,126,315 16,287 (113,519) 1,029,083
Covered bonds 282,080 8,545 --- 290,625
Corporate debt 654,693 15,301 (1,852) 668,142
Other securities 328,852 333 (35) 329,150
Total available-for-sale and other securities $ 7,507,007 $ 181,936 $ (122,768) $ 7,566,175
(1) Effective December 31, 2013 approximately $600.4 million of direct purchase municipal instruments were reclassified from C&I
loans to available-for-sale securities.
(2) Amounts at December 31, 2012 include securities backed by automobile loans with a fair value of $3 million which meet the
eligibility requirements for the Term Asset-Backed Securities Loan Facility, administered by the Federal Reserve Bank.