Huntington National Bank 2014 Annual Report Download - page 155
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149
For each of the three years ended December 31, 2014, 2013, and 2012, weighted average interest rate at year-end, the maximum
balance for the year, the average balance for the year, and weighted average interest rate for the year by category of short-term
borrowings were as follows:
(dollar amounts in thousands) 2014 2013 2012
Weighted average interest rate at year-end
Federal Funds purchased and securities sold under agreements to repurchase 0.08 % 0.06% 0.15%
Federal Home Loan Bank advances 0.14 0.02 0.03
Other short-term borrowings 1.11 2.59 1.98
Maximum amount outstanding at month-end during the year
Federal Funds purchased and securities sold under agreements to repurchase $ 1,491,350 $ 787,127 $ 1,590,082
Federal Home Loan Bank advances 2,375,000 1,800,000 1,000,000
Other short-term borrowings 56,124 19,497 26,071
Average amount outstanding during the year
Federal Funds purchased and securities sold under agreements to repurchase $ 987,156 $ 692,481 $ 1,293,348
Federal Home Loan Bank advances 1,753,045 702,262 286,530
Other short-term borrowings 20,797 7,815 16,983
Weighted average interest rate during the year
Federal Funds purchased and securities sold under agreements to repurchase 0.07 % 0.08% 0.14%
Federal Home Loan Bank advances 0.06 0.04 0.17
Other short-term borrowings 1.63 1.79 1.36
10. LONG-TERM DEBT
Huntington’s long-term debt consisted of the following:
At December 31,
(dollar amounts in thousands) 2014 2013
The Parent Company:
Senior Notes:
2.64% Huntington Bancshares Incorporated senior note due 2018 $ 398,924 $ 397,306
Subordinated Notes:
Fixed 7.00% subordinated notes due 2020 330,105 323,856
Huntington Capital I Trust Preferred 0.93% junior subordinated debentures due 2027 (1) 111,816 111,816
Huntington Capital II Trust Preferred 0.87% junior subordinated debentures due 2028 (2) 54,593 54,593
Sky Financial Capital Trust III 1.66% junior subordinated debentures due 2036 (3) 72,165 72,165
Sky Financial Capital Trust IV 1.64% junior subordinated debentures due 2036 (3) 74,320 74,320
Camco Statutory Trust I 2.71% due 2037 (4) 4,181 ---
Total notes issued by the parent 1,046,104 1,034,056
The Bank:
Senior Notes:
1.31% Huntington National Bank senior note due 2016 497,477 497,317
1.40% Huntington National Bank senior note due 2016 349,499 349,858
5.04% Huntington National Bank medium-term notes due 2018 38,541 39,497
1.43% Huntington National Bank senior note due 2019 499,760 ---
2.23% Huntington National Bank senior note due 2017 499,759 ---
0.66% Huntington National Bank senior note due 2017 (5) 250,000 ---