Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v2.4.0.8
Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2014
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  
    March 31,     March 31,  
(dollar amounts in thousands)   2014     2013     2014     2013  
Service cost (1) $ 435   $ 7,134   $ ---   $ ---  
Interest cost   8,100     7,307     259     216  
Expected return on plan assets   (11,446)     (12,091)     ---     ---  
Amortization of prior service cost   ---     (1,442)     (339)     (338)  
Amortization of gain   1,442     9,784     (144)     (150)  
Settlements   2,500     1,500     ---     ---  
Benefit expense $ 1,031   $ 12,192   $ (224)   $ (272)  
(1) Since no participants will be earning benefits after December 31, 2013, the 2014 service cost represents only administrative expenses.
Schedule of Allocation of Plan Assets [Table Text Block]

The Bank, as trustee, held all Plan assets at March 31, 2014 and December 31, 2013. The Plan assets consisted of the following investments:

    Fair Value
(dollar amounts in thousands) March 31, 2014   December 31, 2013  
Cash $ --- --- %   $ --- --- %  
Cash equivalents:                    
  Huntington funds - money market   2,932 ---       803 ---    
Fixed income:                    
  Huntington funds - fixed income funds   62,381 11       74,048 11    
  Corporate obligations   201,499 31       180,757 28    
  U.S. Government Obligations   54,541 8       51,932 8    
  U.S. Government Agencies   6,574 1       6,146 1    
Equities:                    
  Huntington funds   257,501 39       289,379 45    
  Exchange traded funds   39,580 6       24,705 4    
  Huntington common stock   15,987 2       20,324 3    
  Other common stock   15,314 2         ---    
  Limited partnerships   1,310 ---       926 ---    
Fair value of plan assets $ 657,619 100 %   $ 649,020 100 %  
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  
      March 31,  
(dollar amounts in thousands)     2014     2013  
SERP & SRIP   $ 475   $ 1,192  
Defined contribution plan     6,105     4,374  
Benefit cost   $ 6,580   $ 5,566