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

Parent Company Financial Statements (Tables)

3 Months Ended

Mar. 31, 2012

Balance Sheets		March 31,		December 31,		March 31,
(dollar amounts in thousands)		2012		2011		2011
Assets
Cash and cash equivalents (1)	$	973,392	$	917,954	$	566,516
Due from The Huntington National Bank		519,574		616,565		953,074
Due from non-bank subsidiaries		189,054		188,732		214,213
Investment in The Huntington National Bank		4,231,396		4,073,722		3,625,966
Investment in non-bank subsidiaries		773,643		759,532		804,054
Accrued interest receivable and other assets		130,898		139,076		117,616
Total assets	$	6,817,957	$	6,695,581	$	6,281,439

Liabilities and Shareholders' Equity
Short-term borrowings	$	---	$	---	$	100
Long-term borrowings		899,779		899,779		937,434
Dividends payable, accrued expenses, and other liabilities		368,350		377,702		305,306
Total liabilities		1,268,129		1,277,481		1,242,840
Shareholders' equity (2)		5,549,828		5,418,100		5,038,599
Total liabilities and shareholders' equity	$	6,817,957	$	6,695,581	$	6,281,439

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

				Three Months Ended
Statements of Income				March 31,
(dollar amounts in thousands)				2012		2011
Income
	Dividends from
		The Huntington National Bank	$	---	$	---
		Non-bank subsidiaries		8,450		6,000
	Interest from
		The Huntington National Bank		12,886		20,185
		Non-bank subsidiaries		1,633		2,696
	Other			413		601
Total income				23,382		29,482

Expense
	Personnel costs			9,713		4,755
	Interest on borrowings			9,179		8,694
	Other			7,579		9,565
Total expense				26,471		23,014

Income (loss) before income taxes and equity in undistributed net income of subsidiaries				(3,089)		6,468
Income taxes (benefit)				(11,092)		2,036
Income before equity in undistributed net income of subsidiaries				8,003		4,432
Increase in undistributed net income of:
	The Huntington National Bank			142,424		118,116
	Non-bank subsidiaries			2,843		3,898
Net income			$	153,270	$	126,446

Other comprehensive income (loss) (1)				15,947		(6,425)
Comprehensive income			$	169,217	$	120,021

⁽¹⁾See Condensed Consolidated Statements of Comprehensive Income for other comprehensive income (loss) detail.

				Three Months Ended
Statements of Cash Flows				March 31,
(dollar amounts in thousands)				2012		2011

Operating activities
	Net income		$	153,270	$	126,446
	Adjustments to reconcile net income to net cash provided by operating activities
		Equity in undistributed net income of subsidiaries		(157,910)		(124,104)
		Depreciation and amortization		63		186
		Other, net		(4,600)		4,285
Net cash provided by (used for) operating activities				(9,177)		6,813

Investing activities
	Repayments from subsidiaries			114,793		19,091
	Advances to subsidiaries			(8,043)		(9,200)
Net cash provided by (used for) investing activities				106,750		9,891

Financing activities
	Dividends paid on stock			(42,351)		(16,321)
	Redemption of Warrant to the Treasury			---		(49,100)
	Other, net			216		66
Net cash provided by (used for) financing activities				(42,135)		(65,355)
Change in cash and cash equivalents				55,438		(48,651)
Cash and cash equivalents at beginning of period				917,954		615,167
Cash and cash equivalents at end of period			$	973,392	$	566,516

Supplemental disclosure:
	Interest paid		$	9,179	$	8,694