Huntington National Bank 2013 Annual Report Download - page 65
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59
The composition and maturity of the portfolio is presented on the following two tables:
Table 22 - Available-for-sale and other securities Portfolio Summary at Fair Value
At December 31,
(dollar amounts in thousands) 2013 2012 2011
U.S. Government backed agencies $ 3,937,713 $ 4,676,607 $ 5,253,640
Other 3,371,040 2,889,568 2,824,374
Total available-for-sale and other securities $ 7,308,753 $ 7,566,175 $ 8,078,014
Duration in years (1) 4.2 2.9 3.1
(1) The average duration assumes a market driven prepayment rate on securities subject to prepayment.
Table 23 - Available-for-sale and other securities Portfolio Composition and Maturity
At December 31, 2013
Amortized
(dollar amounts in thousands) Cost Fair Value Yield (1)
U.S. Treasury:
Under 1 year $ 50,793 $ 51,086 1.01 %
1-5 years 507 516 1.94
6-10 years --- --- ---
Over 10 years 1 2 ---
Total U.S. Treasury 51,301 51,604 1.02
Federal agencies: mortgage-backed securities
Under 1 year 16,548 16,607 1.93
1-5 years 164,794 166,946 1.97
6-10 years 440,116 443,456 2.51
Over 10 years 2,940,986 2,939,212 2.38
Total Federal agencies: mortgage-backed securities 3,562,444 3,566,221 2.38
Other agencies:
Under 1 year 2,833 2,880 3.15
1-5 years 291,726 297,510 1.56
6-10 years 19,318 19,498 2.23
Over 10 years --- --- ---
Total other Federal agencies 313,877 319,888 1.62
Total U.S. Government backed agencies 3,927,622 3,937,713 2.30
Municipal securities:
Under 1 year 191,788 190,762 2.18
1-5 years 206,719 211,916 3.11
6-10 years 556,873 554,772 2.84
Over 10 years 184,883 188,542 3.82
Total municipal securities 1,140,263 1,145,992 2.94
Private label CMO:
Under 1 year --- --- ---
1-5 years --- --- ---
6-10 years 1,997 2,089 5.98
Over 10 years 49,241 47,015 2.45
Total private label CMO 51,238 49,104 2.59
Asset-backed securities:
Under 1 year --- --- ---
1-5 years 434,825 438,156 1.90
6-10 years 260,354 260,880 1.96
Over 10 years 477,105 392,004 2.04
Total asset-backed securities 1,172,284 1,091,040 1.97
Covered bonds:
Under 1 year --- --- ---
1-5 years 280,595 285,874 1.75
6-10 years --- --- ---
Over 10 years --- --- ---
Total covered bonds 280,595 285,874 1.75