Huntington National Bank 2015 Annual Report Download - page 161
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153
(dollar amounts in thousands)
Unrealized
gains and
(losses) on
debt
securities (1)
Unrealized
gains and
(losses) on
equity
securities
Unrealized
gains and
(losses) on
cash flow
hedging
derivatives
Unrealized
gains
(losses) for
pension and
other post-
retirement
obligations Total
December 31, 2013 $(39,234) $ 292 $ (18,844)$ (156,223) $ (214,009)
Other comprehensive income before reclassifications 64,484 192 9,192 — 73,868
Amounts reclassified from accumulated OCI to earnings (10,113)—
(2,581)(69,457) (82,151)
Period change 54,371 192 6,611 (69,457) (8,283)
December 31, 2014 15,137 484 (12,233)(225,680) (222,292)
Other comprehensive income before reclassifications (4,240)(308) 8,428 — 3,880
Amounts reclassified from accumulated OCI to earnings (2,536)—
(143)(5,067) (7,746)
Period change (6,776)(308) 8,285 (5,067) (3,866)
December 31, 2015 $ 8,361 $ 176 $ (3,948)$ (230,747) $ (226,158)
(1) Amount at December 31, 2015 includes $9 million of net unrealized gains on securities transferred from the available-for-sale
securities portfolio to the held-to-maturity securities portfolio. The net unrealized gains will be recognized in earnings over the
remaining life of the security using the effective interest method.
The following table presents the reclassification adjustments out of accumulated OCI included in net income and the impacted
line items as listed on the Consolidated Statements of Income for the years ended December 31, 2015 and 2014:
Reclassifications out of accumulated OCI
Accumulated OCI components
Amounts reclassed
from accumulated OCI
Location of net gain (loss)
reclassified from accumulated OCI into earnings
(dollar amounts in thousands) 2015 2014
Gains (losses) on debt securities:
Amortization of unrealized gains (losses) $ (144) $ 597 Interest income—held-to-maturity securities—taxable
Realized gain (loss) on sale of securities 6,485 14,962 Noninterest income—net gains (losses) on sale of securities
OTTI recorded (2,440) — Noninterest income—net gains (losses) on sale of securities
Total before tax 3,901 15,559
Tax (expense) benefit (1,365) (5,446)
Net of tax $ 2,536 $ 10,113
Gains (losses) on cash flow hedging relationships:
Interest rate contracts $ 210 $ 4,064 Interest and fee income—loans and leases
Interest rate contracts 10 (93)Noninterest expense—other income
Total before tax 220 3,971
Tax (expense) benefit (77) (1,390)
Net of tax $ 143 $ 2,581
Amortization of defined benefit pension and post-
retirement items:
Actuarial gains (losses) $ 5,827 $ 106,857 Noninterest expense—personnel costs
Net periodic benefit costs 1,968 — Noninterest expense—personnel costs
Total before tax 7,795 106,857
Tax (expense) benefit (2,728) (37,400)
Net of tax $ 5,067 $ 69,457