Quarterly report pursuant to Section 13 or 15(d)

Parent Company Financial Statements (Tables)

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Parent Company Financial Statements (Tables)
3 Months Ended
Mar. 31, 2012
Parent Company Financial Statements [Abstract]  
Balance Sheets
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.
Statements of Income
        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.
Statements of Cash Flows
          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