Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 217

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 217
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 millions)20242023By Type:Demand deposits—noninterest-bearing $29,345 18 %$30,967 20 %Demand deposits—interest-bearing 43,378 27 39,190 26 Money market deposits 60,730 37 50,185 34 Savings deposits14,723 9 15,763 10 Time deposits14,272 9 15,125 10 Total deposits$162,448 100 %$151,230 100 %Total deposits (insured/uninsured):Insured deposits$112,394 69 %$105,986 70 %Uninsured deposits (1)50,054 31 45,244 30 Total deposits$162,448 100 %$151,230 100 %

(1)Represents consolidated Huntington uninsured deposits, determined by adjusting the amounts reported in the Bank Call Report (FFIEC 031) by inter-company deposits, which are not customer deposits and are therefore eliminated through consolidation. As of December 31, 2024, the Bank Call Report uninsured deposit balance was $54.6 billion, which includes $4.5 billion of inter-company deposits. As of December 31, 2023, the Bank Call Report uninsured deposit balance was $49.8 billion, which includes $4.6 billion of inter-company deposits. 

The majority of our time deposits have a contractual maturity of less than one year. The following table presents the contractual maturities of time deposits in excess of the FDIC insurance limit.

Table 20 - Maturity of Deposits in Excess of Insurance LimitAt December 31, 2024(dollar amounts in millions)3 monthsor less3 monthsto 6 months6 monthsto 12 months12 monthsor moreTotalPortion of U.S. time deposits in excess of insurance limit$915 $365 $170 $23 $1,473 

Wholesale funding

Sources of wholesale funding include non-customer brokered deposits, short-term borrowings, and long-term debt. Our wholesale funding totaled $23.6 billion at December 31, 2024, compared to $18.3 billion at December 31, 2023, with the increase primarily due to increases in long-term FHLB borrowings, brokered deposits, and long-term collateralized borrowings. For further information