Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Parent Company Financial Statements (Tables)

9 Months Ended

Sep. 30, 2011

Balance Sheets		September 30,		December 31,		September 30,
(dollar amounts in thousands)		2011		2010		2010
Assets
Cash and cash equivalents (1)	$	697,247	$	615,167	$	858,965
Due from The Huntington National Bank		953,074		954,565		953,074
Due from non-bank subsidiaries		197,809		225,560		246,458
Investment in The Huntington National Bank		4,031,232		3,515,597		3,524,432
Investment in non-bank subsidiaries		795,518		790,248		813,788
Accrued interest receivable and other assets		126,527		110,181		167,712
Total assets	$	6,801,407	$	6,211,318	$	6,564,429

Liabilities and Shareholders' Equity
Short-term borrowings	$	---	$	100	$	687
Long-term borrowings		932,434		937,434		637,434
Dividends payable, accrued expenses, and other liabilities		468,494		293,242		358,905
Total liabilities		1,400,928		1,230,776		997,026
Shareholders' equity (2)		5,400,479		4,980,542		5,567,403
Total liabilities and shareholders' equity	$	6,801,407	$	6,211,318	$	6,564,429

(1) Includes restricted cash of $125,000.
(2) See Huntington’s Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity.

				Three Months Ended				Nine Months Ended
Statements of Income				September 30,				September 30,
(dollar amounts in thousands)				2011		2010		2011		2010
Income
	Dividends from
		The Huntington National Bank	$	---	$	---	$	---	$	---
		Non-bank subsidiaries		---		15,000		31,000		33,000
	Interest from
		The Huntington National Bank		20,248		20,611		60,644		62,351
		Non-bank subsidiaries		2,007		2,873		6,962		9,322
	Other			489		461		1,529		2,537
Total income				22,744		38,945		100,135		107,210

Expense
	Personnel costs			10,251		9,751		24,581		22,769
	Interest on borrowings			8,834		6,028		26,256		17,303
	Other			14,692		11,416		34,722		37,321
Total expense				33,777		27,195		85,559		77,393

Income (loss) before income taxes and equity in undistributed
	net income of subsidiaries			(11,033)		11,750		14,576		29,817
Provision (benefit) for income taxes				(8,783)		(656)		(9,798)		15,088
Income (loss) before equity in undistributed net income of subsidiaries				(2,250)		12,406		24,374		14,729
Increase (decrease) in undistributed net income of:
	The Huntington National Bank			143,140		95,156		402,040		196,214
	Non-bank subsidiaries			2,501		(6,616)		(10,659)		(21,496)
Net income			$	143,391	$	100,946	$	415,755	$	189,447

				Nine Months Ended
Statements of Cash Flows				September 30,
(dollar amounts in thousands)				2011		2010

Operating activities
	Net income		$	415,755	$	189,447
	Adjustments to reconcile net income to net cash provided by operating activities
		Equity in undistributed net income of subsidiaries		(434,018)		(192,718)
		Depreciation and amortization		549		765
		Other, net		134,089		(76,881)
Net cash provided by (used for) operating activities				116,375		(79,387)

Investing activities
	Repayments from subsidiaries			(28,415)		(384,162)
	Advances to subsidiaries			99,023		43,572
Net cash provided by (used for) investing activities				70,608		(340,590)

Financing activities
	Payment of borrowings			(5,100)		(604)
	Dividends paid on preferred stock			(23,110)		(75,537)
	Dividends paid on common stock			(27,042)		(21,437)
	Redemption of Warrant to the Treasury			(49,100)		---
	Other, net			(551)		(19)
Net cash provided by (used for) financing activities				(104,903)		(97,597)
Change in cash and cash equivalents				82,080		(517,574)
Cash and cash equivalents at beginning of period				615,167		1,376,539
Cash and cash equivalents at end of period			$	697,247	$	858,965

Supplemental disclosure:
	Interest paid		$	26,256	$	17,303