Huntington National Bank 2015 Annual Report Download - page 73
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65
Table 22 - Expected Life of Investment Securities
(dollar amounts in thousands) At December 31, 2015
Available-for-Sale & Other
Securities
Held-to-Maturity
Securities
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
1 year or less $ 491,858 $ 487,380 $ — $ —
After 1 year through 5 years 3,484,392 3,506,676 1,332,311 1,325,633
After 5 years through 10 years (1) 3,881,010 3,850,350 4,669,051 4,652,433
After 10 years 569,748 586,851 158,228 157,392
Other securities 343,915 344,184 — —
Total $ 8,770,923 $ 8,775,441 $ 6,159,590 $ 6,135,458
(1) The average duration of the securities with an average life of 5 years to 10 years is 5.43 years
Bank Liquidity and Sources of Funding
Our primary sources of funding for the Bank are retail and commercial core deposits. At December 31, 2015, these core deposits
funded 73% of total assets (102% of total loans). Other sources of liquidity include non-core deposits, FHLB advances, wholesale debt
instruments, and securitizations. Demand deposit overdrafts that have been reclassified as loan balances and were $16 million and
$19 million at December 31, 2015 and December 31, 2014, respectively.
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, 2015.
Table 23 - Maturity Schedule of time deposits, brokered deposits, and negotiable CDs
(dollar amounts in millions) At December 31, 2015
3 Months
or Less
3 Months
to 6 Months
6 Months
to 12 Months
12 Months
or More Total
Other domestic time deposits of $250,000 or more and
brokered deposits and negotiable CDs $ 3,002 $ 65 $ 58 $ 320 $ 3,445
Other domestic time deposits of $100,000 or more and
brokered deposits and negotiable CDs $ 3,107 $ 174 $ 185 $ 470 $ 3,936
The following table reflects deposit composition detail for each of the last five years: