Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v2.4.0.6
Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 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  
    March 31,     March 31,  
(dollar amounts in thousands)   2013     2012     2013     2012  
Service cost $ 7,134   $ 6,217   $ ---   $ ---  
Interest cost   7,307     7,304     216     338  
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     6,739     (150)     (83)  
Settlements   1,500     1,750     ---     ---  
Benefit expense $ 12,192   $ 9,134   $ (272)   $ (83)  
                         
Schedule of Allocation of Plan Assets [Table Text Block]

The Bank, as trustee, held all Plan assets at March 31, 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) March 31, 2013   December 31, 2012  
Cash $ --- --- %   $ 22 --- %  
Cash equivalents:                    
  Huntington funds - money market   1,746 ---       6,012 1    
Fixed income:                    
  Huntington funds - fixed income funds   85,056 13       84,688 13    
  Corporate obligations   150,888 23       149,241 24    
  U.S. Government Obligations   35,464 5       36,595 6    
  U.S. Government Agencies   7,292 1       7,511 1    
Equities:                    
  Huntington funds   325,470 51       312,479 49    
  Exchange Traded Funds   974 ---       --- ---    
  Huntington common stock   42,719 7       37,069 6    
Fair value of plan assets $ 649,609 100 %   $ 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  
    March 31,  
(dollar amounts in thousands)   2013     2012  
SERP & SRIP $ 1,192   $ 833  
Defined contribution plan   4,374     4,458  
Benefit cost $ 5,566   $ 5,291