Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Benefit Plans (Tables)

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Assumptions Used [Table Text Block]

The following table shows the weighted-average assumptions used to determine the benefit obligation at December 31, 2011 and 2010, and the net periodic benefit cost for the years then ended

		Pension				Post-Retirement
		Benefits				Benefits
		2011		2010		2011		2010
Weighted-average assumptions used to determine benefit obligations
	Discount rate	4.57	%	5.35	%	4.34	%	5.00	%
	Rate of compensation increase	4.50		4.50		N/A		N/A
Weighted-average assumptions used to determine net periodic benefit cost
	Discount rate	5.35		5.88		5.00		5.54
	Expected return on plan assets	8.00		8.00		N/A		N/A
	Rate of compensation increase	4.50		4.50		N/A		N/A
N/A - Not Applicable

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]

The following table reconciles the beginning and ending balances of the benefit obligation of the Plan and the post-retirement benefit plan with the amounts recognized in the consolidated balance sheets at December 31:

			Pension				Post-Retirement
			Benefits				Benefits
(dollar amounts in thousands)			2011		2010		2011		2010
Projected benefit obligation at beginning of measurement year		$	577,770	$	504,859	$	34,241	$	33,173
Changes due to:
	Service cost		21,650		20,205		---		---
	Interest cost		30,073		28,869		1,618		1,731
	Benefits paid		(12,285)		(11,367)		(4,895)		(5,103)
	Settlements		(10,408)		(20,582)		---		---
	Effect of plan combinations		---		896		---		---
	Medicare subsidies		---		---		670		753
	Actuarial assumptions and gains and losses		49,539		54,890		1,217		3,687
Total changes			78,569		72,911		(1,390)		1,068
Projected benefit obligation at end of measurement year		$	656,339	$	577,770	$	32,851	$	34,241

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

The following table reconciles the beginning and ending balances of the fair value of Plan assets at the December 31, 2011 and 2010 measurement dates with the amounts recognized in the Consolidated Balance Sheets:

			Pension
			Benefits
(dollar amounts in thousands)			2011		2010
Fair value of plan assets at beginning of measurement year		$	478,479	$	454,114

Changes due to:
	Actual return on plan assets		(6,593)		55,583
	Employer contributions		90,000		79
	Settlements		(10,631)		(20,911)
	Plan combinations		---		981
	Benefits paid		(12,285)		(11,367)
Total changes			60,491		24,365
Fair value of plan assets at end of measurement year		$	538,970	$	478,479

Schedule of Net Benefit Costs [Table Text Block]

The following table shows the components of net periodic benefit cost recognized in the three years ended December 31, 2011:

		Pension Benefits						Post-Retirement Benefits
(dollar amounts in thousands)		2011		2010		2009		2011		2010		2009

Service cost	$	21,650	$	20,205	$	23,692	$	---	$	---	$	1,550
Interest cost		30,073		28,869		28,036		1,618		1,731		3,274
Expected return on plan assets		(43,290)		(42,113)		(41,960)		---		---		---
Amortization of transition asset		(5)		5		6		---		---		920
Amortization of prior service cost		(5,767)		(5,766)		(553)		(1,354)		(1,353)		91
Amortization of loss		23,494		14,989		8,689		(423)		(699)		(888)
Curtailments		---		---		---		---		---		(527)
Settlements		5,483		9,694		6,213		---		---		---
Benefit cost	$	31,638	$	25,883	$	24,123	$	(159)	$	(321)	$	4,420

Schedule of Allocation of Plan Assets [Table Text Block]

At December 31, 2011 and 2010, The Huntington National Bank, as trustee, held all Plan assets. The Plan assets consisted of investments in a variety of Huntington mutual funds and Huntington common stock as follows:

		Fair Value
(dollar amounts in thousands)			2011				2010
Cash		$	25	---	%	$	---	---	%
Cash equivalents:
	Huntington funds - money market (1)		39,943	7			25	---
Fixed income:
	Huntington funds - fixed income funds		174,615	32			133,330	28
Equities:
	Huntington funds		283,963	53			318,155	66
	Huntington common stock		40,424	8			26,969	6
Fair value of plan assets		$	538,970	100	%	$	478,479	100	%

⁽¹⁾A $40 million contribution was made to the Plan on December 28, 2011, and had not yet been invested as of December 31, 2011.

Schedule Of Huntington Stock Statistics For Benefit Plan [Table Text Block]

The following table shows the number of shares and dividends received on shares of Huntington stock held by the Plan:

	December 31,
(dollar amounts in millions, except share amounts)	2011			2010
Shares in Huntington common stock⁽¹⁾		7,309,986		3,919,986
Dividends received on shares of Huntington stock	$	0.4	$	0.2

⁽¹⁾The Plan has acquired and held Huntington common stock in compliance at all times with Section 407 of the Employee Retirement Income Security Act of 1978.

Schedule of Expected Benefit Payments [Table Text Block]

At December 31, 2011, the following table shows when benefit payments, which include expected future service, as appropriate, were expected to be paid:

					Post-
			Pension		Retirement
(dollar amounts in thousands)			Benefits		Benefits
	2012	$	34,124	$	4,297
	2013		36,006		4,110
	2014		36,874		3,923
	2015		38,573		3,759
	2016		40,533		3,588
	2017 through 2021		225,480		15,694

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

The following table presents the amounts recognized in the consolidated balance sheets at December 31, 2011 and 2010 for all of Huntington defined benefit plans

(dollar amounts in thousands)		2011			2010
Accrued expenses and other liabilities	$	177,092		$	156,551

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

The following tables present the amounts recognized in OCI as of December 31, 2011, 2010, and 2009, and the changes in accumulated OCI for the years ended December 31, 2011, 2010, and 2009:

(dollar amounts in thousands)		2011		2010		2009
Net actuarial loss	$	(215,628)	$	(166,183)	$	(151,564)
Prior service cost		30,261		34,688		39,093
Transition liability		3		6		3
Defined benefit pension plans	$	(185,364)	$	(131,489)	$	(112,468)

			2011
				Tax (expense)
(dollar amounts in thousands)			Pretax			Benefit		After-tax
Balance, beginning of year		$	(202,292)		$	70,803	$	(131,489)
Net actuarial (loss) gain:
	Amounts arising during the year		(104,146)			36,451		(67,695)
	Amortization included in net periodic benefit costs		28,077			(9,827)		18,250
Prior service cost:
	Amounts arising during the year		---			---		---
	Amortization included in net periodic benefit costs		(6,811)			2,384		(4,427)
Transition obligation:
	Amortization included in net periodic benefit costs		(5)			2		(3)
Balance, end of year		$	(285,177)		$	99,813	$	(185,364)

			2010
				Tax (expense)
(dollar amounts in thousands)			Pretax			Benefit		After-tax
Balance, beginning of year		$	(173,029)		$	60,561	$	(112,468)
Net actuarial (loss) gain:
	Amounts arising during the year		(45,804)			16,031		(29,773)
	Amortization included in net periodic benefit costs		23,313			(8,159)		15,154
Prior service cost:
	Amounts arising during the year		---			---		---
	Amortization included in net periodic benefit costs		(6,777)			2,372		(4,405)
Transition obligation:
	Amortization included in net periodic benefit costs		5			(2)		3
Balance, end of year		$	(202,292)		$	70,803	$	(131,489)

			2009
				Tax (expense)
(dollar amounts in thousands)			Pretax			Benefit		After-tax
Balance, beginning of year		$	(251,655)		$	88,080	$	(163,575)
Net actuarial (loss) gain:
	Amounts arising during the year		(6,155)			2,154		(4,001)
	Amortization included in net periodic benefit costs		14,153			(4,954)		9,199
Prior service cost:
	Amounts arising during the year		69,986			(24,494)		45,492
	Amortization included in net periodic benefit costs		(283)			99		(184)
Transition obligation:
	Amortization included in net periodic benefit costs		925			(324)		601
Balance, end of year		$	(173,029)		$	60,561	$	(112,468)

Schedule of Costs of Retirement Plans [Table Text Block]

The following table shows the costs of providing the defined contribution plan as of December 31:

	December 31,
(dollar amounts in millions)	2011			2010	2009
Defined contribution plan	$	15.0	$	8.8	$	3.1

Schedule Of Huntington Stock Statistics For Defined Contribution Plan [Table Text Block]

The following table shows the number of shares, market value, and dividends received on shares of Huntington stock held by the defined contribution plan as of December 31:

	December 31,
(dollar amounts in millions, except share amounts)	2011			2010
Shares in Huntington common stock		15,051,291		14,945,498
Market value of Huntington common stock	$	82.6	$	102.7
Dividends received on shares of Huntington stock		1.1		0.6