Huntington National Bank 2014 Annual Report Download - page 147
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141
For the periods ended December 31, 2014, 2013 and 2012, the following table summarizes by security type, the total OTTI losses
recognized in the Consolidated Statements of Income for securities evaluated for impairment as described above:
Year ended December 31,
(dollar amounts in thousands) 2014 2013 2012
Available-for-sale and other securities:
Collateralized Debt Obligations --- (1,466) ---
Private label CMO --- (336) (1,614)
Total debt securities --- (1,802) (1,614)
Equity securities --- --- (5)
Total available-for-sale and other securities $ --- $ (1,802) $ (1,619)
The following table rolls forward the OTTI recognized in earnings on debt securities held by Huntington for the years ended
December 31, 2014 and 2013 as follows:
Year Ended December 31,
(dollar amounts in thousands) 2014 2013
Balance, beginning of year $ 30,869 $49,433
Reductions from sales --- (20,366)
Credit losses not previously recognized --- ---
Additional credit losses --- 1,802
Balance, end of year $ 30,869 $30,869
As of December 31, 2014, Management has evaluated other available-for-sale and other securities, including those with
unrealized losses and all nonmarketable equity securities for impairment and concluded no OTTI is required.
5. HELD-TO-MATURITY SECURITIES
These are debt securities that Huntington has the intent and ability to hold until maturity. The debt securities are carried at
amortized cost and adjusted for amortization of premiums and accretion of discounts using the interest method.
During 2013, Huntington transferred $292.2 million of federal agencies, mortgage-backed securities and other agency securities
from the available-for-sale securities portfolio to the held-to-maturity securities portfolio. At the time of the transfer, no unrealized net
gains were recognized in OCI.