Huntington National Bank 2014 Annual Report Download - page 68

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The following tables reflect contractual maturities of other domestic time deposits of $250,000 or more and brokered deposits and
negotiable CDs as well as other domestic time deposits of $100,000 or more and brokered deposits and negotiable CDs at December
31, 2014.
Demand deposit overdrafts that have been reclassified as loan balances were $18.7 million and $19.3 million at December 31,
2014 and 2013, respectively.
Table 25 - Maturity Schedule of time deposits, brokered deposits, and negotiable CDs
December 31, 2014
3 Months 3 Months 6 Months 12 Months
(dollar amounts in millions) or Less to 6 Months to 12 Months or More Total
Other domestic time deposits of $250,000 or more and brokered deposits and
negotiable CDs $ 1,793 $ 169 $ 213 $ 545 $ 2,720
Other domestic time deposits of $100,000 or more and brokered deposits and
negotiable CDs $ 1,809 $ 179 $ 229 $ 568 $ 2,785
The following table reflects deposit composition detail for each of the last five years:
Table 26 - Deposit Composition
At December 31,
(dollar amounts in millions) 2014 2013 2012 2011 2010
By Type
Demand deposits - noninterest-
bearing $ 15,393 30 % $ 13,650 29 % $ 12,600 27 % $ 11,158 26 % $ 7,217 17 %
Demand deposits - interest-bearing 6,248 12 5,880 12 6,218 13 5,722 13 5,469 13
Money market deposits 18,986 37 17,213 36 14,691 32 13,117 30 13,410 32
Savings and other domestic deposits 5,048 10 4,871 10 5,002 11 4,698 11 4,643 11
Core certificates of deposit 2,936 5 3,723 8 5,516 12 6,513 15 8,525 20
Total core deposits 48,611 94 45,337 95 44,027 95 41,208 95 39,264 93
Other domestic deposits of $250,000
or more 198 --- 274 1 354 1 390 1 675 2
Brokered deposits and negotiable CDs 2,522 5 1,580 3 1,594 3 1,321 3 1,532 4
Deposits in foreign offices 401 1 316 1 278 1 361 1 383 1
Total deposits $ 51,732 100 %$ 47,507 100 % $ 46,253 100 % $ 43,280 100 % $ 41,854 100 %
Core deposits:
Commercial $ 22,725 47 % $ 19,982 44 % $ 18,358 42 % $ 16,366 40 % $ 12,476 32 %
Personal 25,886 53 25,355 56 25,669 58 24,842 60 26,788 68
Total core deposits $ 48,611 100 %$ 45,337 100 % $ 44,027 100 % $ 41,208 100 % $ 39,264 100 %
Note 9 to Consolidated Financial Statements discusses short-term borrowings for each of the last five years.
The Bank maintains borrowing capacity at the FHLB and the Federal Reserve Bank Discount Window. The Bank does not
consider borrowing capacity from the Federal Reserve Bank Discount Window as a primary source of liquidity. Total loans and
securities pledged to the Federal Reserve Discount Window and the FHLB are $18.0 billion and $19.8 billion at December 31, 2014
and 2013, respectively.
In February 2014, the Bank issued $500.0 million of senior notes at 99.842% of face value. The senior bank note issuances
mature on April 1, 2019 and have a fixed coupon rate of 2.20%. In April 2014, the Bank issued $500.0 million of senior notes at
99.842% of face value. The senior note issuances mature on April 24, 2017 and have a fixed coupon rate of 1.375%. In April 2014, the
Bank also issued $250.0 million of senior notes at 100% of face value. The senior bank note issuances mature on April 24, 2017 and
have a variable coupon rate equal to the three-month LIBOR plus 0.425%. All senior note issuances may be redeemed one month
prior to their maturity date at 100% of principal plus accrued and unpaid interest.
At December 31, 2014, total wholesale funding was $9.9 billion, an increase from $7.0 billion at December 31, 2013. The
increase from prior year-end primarily relates to an increase in long-term debt, brokered deposits, and negotiable CDs.