|
Benefit Plans (Tables)
|
3 Months Ended |
|
Jun. 30, 2013
|
| Benefit Plans [Abstract] |
|
| Schedule of Net Benefit Costs [Table Text Block] |
The following table shows the components of net periodic benefit expense of the Plan and the Post-Retirement Benefit Plan:
| |
|
Pension Benefits |
|
|
Post Retirement Benefits |
|
| |
|
Three Months Ended |
|
|
Three Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| (dollar amounts in thousands) |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
| Service cost |
$ |
7,134 |
|
$ |
6,217 |
|
$ |
--- |
|
$ |
--- |
|
| Interest cost |
|
7,307 |
|
|
7,304 |
|
|
215 |
|
|
337 |
|
| Expected return on plan assets |
|
(12,091) |
|
|
(11,433) |
|
|
--- |
|
|
--- |
|
| Amortization of transition asset |
|
--- |
|
|
(1) |
|
|
--- |
|
|
--- |
|
| Amortization of prior service cost |
|
(1,442) |
|
|
(1,442) |
|
|
(338) |
|
|
(338) |
|
| Amortization of gains (losses) |
|
9,784 |
|
|
6,740 |
|
|
(150) |
|
|
(83) |
|
| Settlements |
|
1,500 |
|
|
1,750 |
|
|
--- |
|
|
--- |
|
| Benefit expense |
$ |
12,192 |
|
$ |
9,135 |
|
$ |
(273) |
|
$ |
(84) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Pension Benefits |
|
|
Post Retirement Benefits |
|
| |
|
Six Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| (dollar amounts in thousands) |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
| Service cost |
$ |
14,268 |
|
$ |
12,434 |
|
$ |
--- |
|
$ |
--- |
|
| Interest cost |
|
14,614 |
|
|
14,608 |
|
|
431 |
|
|
675 |
|
| Expected return on plan assets |
|
(24,182) |
|
|
(22,865) |
|
|
--- |
|
|
--- |
|
| Amortization of transition asset |
|
--- |
|
|
(2) |
|
|
--- |
|
|
--- |
|
| Amortization of prior service cost |
|
(2,884) |
|
|
(2,884) |
|
|
(676) |
|
|
(676) |
|
| Amortization of gains (losses) |
|
19,568 |
|
|
13,479 |
|
|
(300) |
|
|
(166) |
|
| Settlements |
|
3,000 |
|
|
3,500 |
|
|
--- |
|
|
--- |
|
| Benefit expense |
$ |
24,384 |
|
$ |
18,270 |
|
$ |
(545) |
|
$ |
(167) |
|
|
| Schedule of Allocation of Plan Assets [Table Text Block] |
The Bank, as trustee, held all Plan assets at June 30, 2013 and December 31, 2012. 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) |
June 30, 2013 |
|
December 31, 2012 |
|
| Cash |
$ |
16,374 |
3 |
% |
|
$ |
22 |
--- |
% |
|
| Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
| |
Huntington funds - money market |
|
--- |
--- |
|
|
|
6,012 |
1 |
|
|
| Fixed income: |
|
|
|
|
|
|
|
|
|
|
| |
Huntington funds - fixed income funds |
|
78,110 |
12 |
|
|
|
84,688 |
13 |
|
|
| |
Corporate obligations |
|
164,539 |
26 |
|
|
|
149,241 |
24 |
|
|
| |
U.S. Government Obligations |
|
47,204 |
8 |
|
|
|
36,595 |
6 |
|
|
| |
U.S. Government Agencies |
|
6,539 |
1 |
|
|
|
7,511 |
1 |
|
|
| Equities: |
|
|
|
|
|
|
|
|
|
|
| |
Huntington funds |
|
265,904 |
43 |
|
|
|
312,479 |
49 |
|
|
| |
Exchange Traded Funds |
|
2,678 |
--- |
|
|
|
--- |
--- |
|
|
| |
Huntington common stock |
|
45,659 |
7 |
|
|
|
37,069 |
6 |
|
|
| |
Other common stock |
|
470 |
--- |
|
|
|
--- |
--- |
|
|
| Fair value of plan assets |
$ |
627,477 |
100 |
% |
|
$ |
633,617 |
100 |
% |
|
|
| Schedule of Costs of Retirement Plans [Table Text Block] |
The following table shows the costs of providing the SERP, SRIP, and defined contribution plans:
| |
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Six Months Ended |
| |
|
June 30, |
|
|
June 30, |
| (dollar amounts in thousands) |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
| SERP & SRIP |
$ |
1,187 |
|
$ |
833 |
|
$ |
2,379 |
|
$ |
1,666 |
| Defined contribution plan |
|
4,569 |
|
|
4,128 |
|
|
8,944 |
|
|
8,586 |
| Benefit cost |
$ |
5,756 |
|
$ |
4,961 |
|
$ |
11,323 |
|
$ |
10,252 |
|