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

Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

Balance Sheets		December 31,
(dollar amounts in thousands)		2012		2011
Assets
Cash and cash equivalents (1)	$	921,471	$	917,954
Due from The Huntington National Bank (2)		207,414		616,565
Due from non-bank subsidiaries		78,006		188,732
Investment in The Huntington National Bank		4,754,886		4,073,722
Investment in non-bank subsidiaries		774,055		759,532
Accrued interest receivable and other assets		131,358		139,076
Total assets	$	6,867,190	$	6,695,581

Liabilities and shareholders' equity
Long-term borrowings	$	662,894	$	899,779
Dividends payable, accrued expenses, and other liabilities		414,085		377,702
Total liabilities		1,076,979		1,277,481
Shareholders' equity (3)		5,790,211		5,418,100
Total liabilities and shareholders' equity	$	6,867,190	$	6,695,581

(1) Includes restricted cash of $125,000 at December 31, 2011.
(2) Related to subordinated notes described in Note 12.
(3) See Consolidated Statements of Changes in Shareholders’ Equity.

Statements of Income				Year Ended December 31,
(dollar amounts in thousands)				2012		2011		2010
Income
	Dividends from
		Non-bank subsidiaries	$	36,450	$	68,491	$	33,000
	Interest from
		The Huntington National Bank		38,617		80,024		82,749
		Non-bank subsidiaries		5,420		8,741		12,185
	Other			1,409		1,231		2,987
Total income				81,896		158,487		130,921

Expense
	Personnel costs			42,745		37,630		30,334
	Interest on borrowings			28,926		35,295		23,765
	Other			35,415		37,122		49,019
Total expense				107,086		110,047		103,118

Income (loss) before income taxes and equity in undistributed net income of subsidiaries				(25,190)		48,440		27,803
Provision (benefit) for income taxes				(30,761)		(10,707)		48,505
Income (loss) before equity in undistributed net income of subsidiaries				5,571		59,147		(20,702)
Increase (decrease) in undistributed net income (loss) of:
	The Huntington National Bank			645,151		527,418		344,961
	Non-bank subsidiaries			(9,700)		(43,952)		(11,912)
Net income			$	641,022	$	542,613	$	312,347
Other comprehensive income (loss) (1)				22,946		23,733		(36,262)
Comprehensive income			$	663,968	$	566,346	$	276,085

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


Statements of Cash Flows					Year Ended December 31,
(dollar amounts in thousands)					2012		2011		2010

Operating activities
	Net income			$	641,022	$	542,613	$	312,347
	Adjustments to reconcile net income to net cash
		provided by operating activities:
			Equity in undistributed net income of subsidiaries		(688,149)		(567,566)		(351,049)
			Depreciation and amortization		265		566		685
			Other, net		50,714		30,980		(74,802)
Net cash (used for) provided by operating activities					3,852		6,593		(112,819)

Investing activities
	Repayments from (advances to) subsidiaries				(36,126)		(39,586)		129,081
	Advances to subsidiaries				591,923		485,863		(425,600)
Net cash (used for) provided by investing activities					555,797		446,277		(296,519)

Financing activities
	Proceeds from issuance of long-term borrowings				---		---		297,375
	Payment of borrowings				(236,885)		(5,100)		(1,191)
	Dividends paid on stock				(169,335)		(92,404)		(136,499)
	Payment to repurchase preferred stock				---		---		(1,398,071)
	Proceeds from issuance of common stock				---		---		886,172
	Repurchases of common stock				(148,881)		---		---
	Redemption of Warrant to the Treasury				---		(49,100)		---
	Other, net				(1,031)		(3,479)		180
Net cash provided by (used for) financing activities					(556,132)		(150,083)		(352,034)
Change in cash and cash equivalents					3,517		302,787		(761,372)
Cash and cash equivalents at beginning of year					917,954		615,167		1,376,539
Cash and cash equivalents at end of year				$	921,471	$	917,954	$	615,167

Supplemental disclosure:
	Interest paid			$	28,926	$	35,295	$	23,765