Exhibit
99.1
  Huntington
Bancshares Incorporated
 Condensed
Consolidated Balance Sheets
 (Unaudited)
 
 2010
                                                    
                                                    
                                                    2009(in thousands, except number of
      shares)
                                                    
                                                    June 30,
                                                    
                                                    
                                                    December 31,
                                                    
                                                    
                                                    June 30,AssetsCash
      and due from banks
                                                    
                                                    $
                                                    1,125,776
                                                    
                                                    
                                                    $
                                                    1,521,344
                                                    
                                                    
                                                    $
                                                    2,092,604Interest
      bearing deposits in banks
                                                    
                                                    
                                                    289,468
                                                    
                                                    
                                                    
                                                    319,375
                                                    
                                                    
                                                    
                                                    383,082Trading
      account securities
                                                    
                                                    
                                                    106,858
                                                    
                                                    
                                                    
                                                    83,657
                                                    
                                                    
                                                    
                                                    95,920Loans
      held for sale
                                                      (includes
      $404,817; $459,179 and $545,119 respectively, measured at fair value)
      (1)
                                                    
                                                    
                                                    777,843
                                                    
                                                    
                                                    
                                                    461,647
                                                    
                                                    
                                                    
                                                    559,017Investment
      securities
                                                    
                                                    
                                                    8,803,718
                                                    
                                                    
                                                    
                                                    8,587,914
                                                    
                                                    
                                                    
                                                    5,934,704Loans
      and leases (includes $657,213 at June 30, 2010 measured at fair
      value) (2)
                                                    
                                                    
                                                    36,969,695
                                                    
                                                    
                                                    
                                                    36,790,663
                                                    
                                                    
                                                    
                                                    38,494,889Allowance
      for loan and lease losses
                                                    
                                                    
                                                    (1,402,160
                                                    )
                                                    
                                                    
                                                    (1,482,479
                                                    )
                                                    
                                                    
                                                    (917,680
                                                    )Net
      loans and leases
                                                    
                                                    
                                                    35,567,535
                                                    
                                                    
                                                    
                                                    35,308,184
                                                    
                                                    
                                                    
                                                    37,577,209Bank
      owned life insurance
                                                    
                                                    
                                                    1,436,433
                                                    
                                                    
                                                    
                                                    1,412,333
                                                    
                                                    
                                                    
                                                    1,391,045Premises
      and equipment
                                                    
                                                    
                                                    492,859
                                                    
                                                    
                                                    
                                                    496,021
                                                    
                                                    
                                                    
                                                    503,877Goodwill
                                                    
                                                    
                                                    444,268
                                                    
                                                    
                                                    
                                                    444,268
                                                    
                                                    
                                                    
                                                    447,879Other
      intangible assets
                                                    
                                                    
                                                    258,811
                                                    
                                                    
                                                    
                                                    289,098
                                                    
                                                    
                                                    
                                                    322,467Accrued
      income and other assets
                                                    
                                                    
                                                    2,467,269
                                                    
                                                    
                                                    
                                                    2,630,824
                                                    
                                                    
                                                    
                                                    2,089,448Total
      assets
                                                    
                                                    $
                                                    51,770,838
                                                    
                                                    
                                                    $
                                                    51,554,665
                                                    
                                                    
                                                    $
                                                    51,397,252Liabilities
      and shareholders’ equityLiabilitiesDeposits
                                                    
                                                    $
                                                    39,848,507
                                                    
                                                    
                                                    $
                                                    40,493,927
                                                    
                                                    
                                                    $
                                                    39,165,132Short-term
      borrowings
                                                    
                                                    
                                                    1,093,218
                                                    
                                                    
                                                    
                                                    876,241
                                                    
                                                    
                                                    
                                                    862,056Federal
      Home Loan Bank advances
                                                    
                                                    
                                                    599,798
                                                    
                                                    
                                                    
                                                    168,977
                                                    
                                                    
                                                    
                                                    926,937Other
      long-term debt (includes $494,512 at June 30, 2010 measured at fair
      value) (2)
                                                    
                                                    
                                                    2,569,934
                                                    
                                                    
                                                    
                                                    2,369,491
                                                    
                                                    
                                                    
                                                    2,508,144Subordinated
      notes
                                                    
                                                    
                                                    1,195,210
                                                    
                                                    
                                                    
                                                    1,264,202
                                                    
                                                    
                                                    
                                                    1,672,887Accrued
      expenses and other liabilities
                                                    
                                                    
                                                    1,025,735
                                                    
                                                    
                                                    
                                                    1,045,825
                                                    
                                                    
                                                    
                                                    1,041,574Total
      liabilities
                                                    
                                                    
                                                    46,332,402
                                                    
                                                    
                                                    
                                                    46,218,663
                                                    
                                                    
                                                    
                                                    46,176,730Shareholders’
      equityPreferred
      stock — authorized 6,617,808 shares;5.00%
      Series B Non-voting, Cumulative Preferred Stock, par value of $0.01
      and liquidation value per share of $1,000
                                                    
                                                    
                                                    1,333,433
                                                    
                                                    
                                                    
                                                    1,325,008
                                                    
                                                    
                                                    
                                                    1,316,8548.50%
      Series A Non-cumulative Perpetual Convertible Preferred Stock, par
      value of $0.01 and liquidation value per share of $1,000
                                                    
                                                    
                                                    362,507
                                                    
                                                    
                                                    
                                                    362,507
                                                    
                                                    
                                                    
                                                    362,507Common
      stock
                                                    
                                                    
                                                    7,175
                                                    
                                                    
                                                    
                                                    7,167
                                                    
                                                    
                                                    
                                                    5,696Capital
      surplus
                                                    
                                                    
                                                    6,739,069
                                                    
                                                    
                                                    
                                                    6,731,796
                                                    
                                                    
                                                    
                                                    6,134,590Less
      treasury shares, at cost
                                                    
                                                    
                                                    (9,235
                                                    )
                                                    
                                                    
                                                    (11,465
                                                    )
                                                    
                                                    
                                                    (12,223
                                                    )Accumulated
      other comprehensive loss
                                                    
                                                    
                                                    (84,398
                                                    )
                                                    
                                                    
                                                    (156,985
                                                    )
                                                    
                                                    
                                                    (273,525
                                                    )Retained
      (deficit) earnings
                                                    
                                                    
                                                    (2,910,115
                                                    )
                                                    
                                                    
                                                    (2,922,026
                                                    )
                                                    
                                                    
                                                    (2,313,377
                                                    )Total
      shareholders’ equity
                                                    
                                                    
                                                    5,438,436
                                                    
                                                    
                                                    
                                                    5,336,002
                                                    
                                                    
                                                    
                                                    5,220,522Total
      liabilities and shareholders’ equity
                                                    
                                                    $
                                                    51,770,838
                                                    
                                                    
                                                    $
                                                    51,554,665
                                                    
                                                    
                                                    $
                                                    51,397,252Common
      shares authorized (par value of $0.01)
                                                    
                                                    
                                                    1,500,000,000
                                                    
                                                    
                                                    
                                                    1,000,000,000
                                                    
                                                    
                                                    
                                                    1,000,000,000Common
      shares issued
                                                    
                                                    
                                                    717,487,003
                                                    
                                                    
                                                    
                                                    716,741,249
                                                    
                                                    
                                                    
                                                    569,646,682Common
      shares outstanding
                                                    
                                                    
                                                    716,622,592
                                                    
                                                    
                                                    
                                                    715,761,672
                                                    
                                                    
                                                    
                                                    568,741,245Treasury
      shares outstanding
                                                    
                                                    
                                                    864,411
                                                    
                                                    
                                                    
                                                    979,577
                                                    
                                                    
                                                    
                                                    905,437Preferred
      shares issued
                                                    
                                                    
                                                    1,967,071
                                                    
                                                    
                                                    
                                                    1,967,071
                                                    
                                                    
                                                    
                                                    1,967,071Preferred
      shares outstanding
                                                    
                                                    
                                                    1,760,578
                                                    
                                                    
                                                    
                                                    1,760,578
                                                    
                                                    
                                                    
                                                    1,760,578
 
 (1)
              Amounts represent loans for which
      Huntington has elected the fair value option. See Note
      13.
 
 (2)
              Amounts represent certain assets
      and liabilities of a consolidated variable interest entity (VIE) for
      which Huntington has elected the fair value option. See Note
      15.
  See
Notes to Unaudited Condensed Consolidated Financial Statements
  1
  Huntington
Bancshares Incorporated
 Condensed
Consolidated Statements of Income
 (Unaudited)
  Three
      Months Ended
                                                          
                                                          
                                                          Six
      Months EndedJune
      30,
                                                          
                                                          
                                                          June
      30,(in
      thousands, except per share amounts)
                                                          
                                                          2010
                                                          
                                                          
                                                          2009
                                                          
                                                          
                                                          2010
                                                          
                                                          
                                                          2009Interest
      and fee incomeLoans
      and leasesTaxable
                                                          
                                                          $
                                                          467,268
                                                          
                                                          
                                                          $
                                                          491,082
                                                          
                                                          
                                                          $
                                                          946,389
                                                          
                                                          
                                                          $
                                                          988,670Tax-exempt
                                                          
                                                          
                                                          1,302
                                                          
                                                          
                                                          
                                                          604
                                                          
                                                          
                                                          
                                                          2,015
                                                          
                                                          
                                                          
                                                          1,702Investment
      securitiesTaxable
                                                          
                                                          
                                                          59,614
                                                          
                                                          
                                                          
                                                          60,029
                                                          
                                                          
                                                          
                                                          118,601
                                                          
                                                          
                                                          
                                                          115,490Tax-exempt
                                                          
                                                          
                                                          2,859
                                                          
                                                          
                                                          
                                                          1,343
                                                          
                                                          
                                                          
                                                          5,950
                                                          
                                                          
                                                          
                                                          6,098Other
                                                          
                                                          
                                                          4,610
                                                          
                                                          
                                                          
                                                          9,946
                                                          
                                                          
                                                          
                                                          9,477
                                                          
                                                          
                                                          
                                                          21,001Total
      interest income
                                                          
                                                          
                                                          535,653
                                                          
                                                          
                                                          
                                                          563,004
                                                          
                                                          
                                                          
                                                          1,082,432
                                                          
                                                          
                                                          
                                                          1,132,961Interest
      expenseDeposits
                                                          
                                                          
                                                          114,822
                                                          
                                                          
                                                          
                                                          176,081
                                                          
                                                          
                                                          
                                                          243,124
                                                          
                                                          
                                                          
                                                          363,650Other
      borrowings
                                                          
                                                          
                                                          21,175
                                                          
                                                          
                                                          
                                                          37,024
                                                          
                                                          
                                                          
                                                          45,759
                                                          
                                                          
                                                          
                                                          81,907Total
      interest expense
                                                          
                                                          
                                                          135,997
                                                          
                                                          
                                                          
                                                          213,105
                                                          
                                                          
                                                          
                                                          288,883
                                                          
                                                          
                                                          
                                                          445,557Net
      interest income
                                                          
                                                          
                                                          399,656
                                                          
                                                          
                                                          
                                                          349,899
                                                          
                                                          
                                                          
                                                          793,549
                                                          
                                                          
                                                          
                                                          687,404Provision
      for credit losses
                                                          
                                                          
                                                          193,406
                                                          
                                                          
                                                          
                                                          413,707
                                                          
                                                          
                                                          
                                                          428,414
                                                          
                                                          
                                                          
                                                          705,544Net
      interest income (loss) after provision for credit
    losses
                                                          
                                                          
                                                          206,250
                                                          
                                                          
                                                          
                                                          (63,808
                                                          )
                                                          
                                                          
                                                          365,135
                                                          
                                                          
                                                          
                                                          (18,140
                                                          )Service
      charges on deposit accounts
                                                          
                                                          
                                                          75,934
                                                          
                                                          
                                                          
                                                          75,353
                                                          
                                                          
                                                          
                                                          145,273
                                                          
                                                          
                                                          
                                                          145,231Brokerage
      and insurance income
                                                          
                                                          
                                                          36,498
                                                          
                                                          
                                                          
                                                          32,052
                                                          
                                                          
                                                          
                                                          72,260
                                                          
                                                          
                                                          
                                                          72,000Mortgage
      banking income
                                                          
                                                          
                                                          45,530
                                                          
                                                          
                                                          
                                                          30,827
                                                          
                                                          
                                                          
                                                          70,568
                                                          
                                                          
                                                          
                                                          66,245Trust
      services
                                                          
                                                          
                                                          28,399
                                                          
                                                          
                                                          
                                                          25,722
                                                          
                                                          
                                                          
                                                          56,164
                                                          
                                                          
                                                          
                                                          50,532Electronic
      banking
                                                          
                                                          
                                                          28,107
                                                          
                                                          
                                                          
                                                          24,479
                                                          
                                                          
                                                          
                                                          53,244
                                                          
                                                          
                                                          
                                                          46,961Bank
      owned life insurance income
                                                          
                                                          
                                                          14,392
                                                          
                                                          
                                                          
                                                          14,266
                                                          
                                                          
                                                          
                                                          30,862
                                                          
                                                          
                                                          
                                                          27,178Automobile
      operating lease income
                                                          
                                                          
                                                          11,842
                                                          
                                                          
                                                          
                                                          13,116
                                                          
                                                          
                                                          
                                                          24,145
                                                          
                                                          
                                                          
                                                          26,344Net
      gains on sales of investment securities
                                                          
                                                          
                                                          2,980
                                                          
                                                          
                                                          
                                                          12,246
                                                          
                                                          
                                                          
                                                          9,410
                                                          
                                                          
                                                          
                                                          18,235Impairment
      losses on investment securities:Impairment
      recoveries (losses) on investment securities
                                                          
                                                          
                                                          5,193
                                                          
                                                          
                                                          
                                                          (88,114
                                                          )
                                                          
                                                          
                                                          (3,207
                                                          )
                                                          
                                                          
                                                          (92,036
                                                          )Noncredit-related
      (recoveries) losses on securities not expected to be sold (recognized
      in other comprehensive income)
                                                          
                                                          
                                                          (8,017
                                                          )
                                                          
                                                          
                                                          68,528
                                                          
                                                          
                                                          
                                                          (6,078
                                                          )
                                                          
                                                          
                                                          68,528Net
      impairment losses on investment securities
                                                          
                                                          
                                                          (2,824
                                                          )
                                                          
                                                          
                                                          (19,586
                                                          )
                                                          
                                                          
                                                          (9,285
                                                          )
                                                          
                                                          
                                                          (23,508
                                                          )Other
      income
                                                          
                                                          
                                                          28,785
                                                          
                                                          
                                                          
                                                          57,470
                                                          
                                                          
                                                          
                                                          57,854
                                                          
                                                          
                                                          
                                                          75,829Total
      non-interest income
                                                          
                                                          
                                                          269,643
                                                          
                                                          
                                                          
                                                          265,945
                                                          
                                                          
                                                          
                                                          510,495
                                                          
                                                          
                                                          
                                                          505,047Personnel
      costs
                                                          
                                                          
                                                          194,875
                                                          
                                                          
                                                          
                                                          171,735
                                                          
                                                          
                                                          
                                                          378,517
                                                          
                                                          
                                                          
                                                          347,667Outside
      data processing and other services
                                                          
                                                          
                                                          40,670
                                                          
                                                          
                                                          
                                                          40,006
                                                          
                                                          
                                                          
                                                          79,752
                                                          
                                                          
                                                          
                                                          72,998Deposit
      and other insurance expense
                                                          
                                                          
                                                          26,067
                                                          
                                                          
                                                          
                                                          48,138
                                                          
                                                          
                                                          
                                                          50,822
                                                          
                                                          
                                                          
                                                          65,559Net
      occupancy
                                                          
                                                          
                                                          25,388
                                                          
                                                          
                                                          
                                                          24,430
                                                          
                                                          
                                                          
                                                          54,474
                                                          
                                                          
                                                          
                                                          53,618OREO
      and foreclosure expense
                                                          
                                                          
                                                          4,970
                                                          
                                                          
                                                          
                                                          26,524
                                                          
                                                          
                                                          
                                                          16,500
                                                          
                                                          
                                                          
                                                          36,411Equipment
                                                          
                                                          
                                                          21,585
                                                          
                                                          
                                                          
                                                          21,286
                                                          
                                                          
                                                          
                                                          42,209
                                                          
                                                          
                                                          
                                                          41,696Professional
      services
                                                          
                                                          
                                                          24,388
                                                          
                                                          
                                                          
                                                          16,658
                                                          
                                                          
                                                          
                                                          47,085
                                                          
                                                          
                                                          
                                                          33,112Amortization
      of intangibles
                                                          
                                                          
                                                          15,141
                                                          
                                                          
                                                          
                                                          17,117
                                                          
                                                          
                                                          
                                                          30,287
                                                          
                                                          
                                                          
                                                          34,252Automobile
      operating lease expense
                                                          
                                                          
                                                          9,667
                                                          
                                                          
                                                          
                                                          11,400
                                                          
                                                          
                                                          
                                                          19,733
                                                          
                                                          
                                                          
                                                          22,331Marketing
                                                          
                                                          
                                                          17,682
                                                          
                                                          
                                                          
                                                          7,491
                                                          
                                                          
                                                          
                                                          28,835
                                                          
                                                          
                                                          
                                                          15,716Telecommunications
                                                          
                                                          
                                                          6,205
                                                          
                                                          
                                                          
                                                          6,088
                                                          
                                                          
                                                          
                                                          12,376
                                                          
                                                          
                                                          
                                                          11,978Printing
      and supplies
                                                          
                                                          
                                                          3,893
                                                          
                                                          
                                                          
                                                          4,151
                                                          
                                                          
                                                          
                                                          7,566
                                                          
                                                          
                                                          
                                                          7,723Goodwill
      impairment
                                                          
                                                          
                                                          —
                                                          
                                                          
                                                          
                                                          4,231
                                                          
                                                          
                                                          
                                                          —
                                                          
                                                          
                                                          
                                                          2,606,944Gain
      on early extinguishment of debt
                                                          
                                                          
                                                          —
                                                          
                                                          
                                                          
                                                          (73,038
                                                          )
                                                          
                                                          
                                                          —
                                                          
                                                          
                                                          
                                                          (73,767
                                                          )Other
      expense
                                                          
                                                          
                                                          23,279
                                                          
                                                          
                                                          
                                                          13,765
                                                          
                                                          
                                                          
                                                          43,747
                                                          
                                                          
                                                          
                                                          33,513Total
      non-interest expense
                                                          
                                                          
                                                          413,810
                                                          
                                                          
                                                          
                                                          339,982
                                                          
                                                          
                                                          
                                                          811,903
                                                          
                                                          
                                                          
                                                          3,309,751Income
      (loss) before income taxes
                                                          
                                                          
                                                          62,083
                                                          
                                                          
                                                          
                                                          (137,845
                                                          )
                                                          
                                                          
                                                          63,727
                                                          
                                                          
                                                          
                                                          (2,822,844
                                                          )Provision
      (benefit) for income taxes
                                                          
                                                          
                                                          13,319
                                                          
                                                          
                                                          
                                                          (12,750
                                                          )
                                                          
                                                          
                                                          (24,774
                                                          )
                                                          
                                                          
                                                          (264,542
                                                          )Net
      income (loss)
                                                          
                                                          
                                                          48,764
                                                          
                                                          
                                                          
                                                          (125,095
                                                          )
                                                          
                                                          
                                                          88,501
                                                          
                                                          
                                                          
                                                          (2,558,302
                                                          )Dividends
      on preferred shares
                                                          
                                                          
                                                          29,426
                                                          
                                                          
                                                          
                                                          57,451
                                                          
                                                          
                                                          
                                                          58,783
                                                          
                                                          
                                                          
                                                          116,244Net
      income (loss) applicable to common shares
                                                          
                                                          $
                                                          19,338
                                                          
                                                          
                                                          $
                                                          (182,546
                                                          )
                                                          
                                                          $
                                                          29,718
                                                          
                                                          
                                                          $
                                                          (2,674,546
                                                          )Average
      common shares — basic
                                                          
                                                          
                                                          716,580
                                                          
                                                          
                                                          
                                                          459,246
                                                          
                                                          
                                                          
                                                          716,450
                                                          
                                                          
                                                          
                                                          413,083Average
      common shares — diluted
                                                          
                                                          
                                                          719,387
                                                          
                                                          
                                                          
                                                          459,246
                                                          
                                                          
                                                          
                                                          718,990
                                                          
                                                          
                                                          
                                                          413,083Per
      common shareNet
      income (loss) — basic
                                                          
                                                          $
                                                          0.03
                                                          
                                                          
                                                          $
                                                          (0.40
                                                          )
                                                          
                                                          $
                                                          0.04
                                                          
                                                          
                                                          $
                                                          (6.47
                                                          )Net
      income (loss) — diluted
                                                          
                                                          
                                                          0.03
                                                          
                                                          
                                                          
                                                          (0.40
                                                          )
                                                          
                                                          
                                                          0.04
                                                          
                                                          
                                                          
                                                          (6.47
                                                          )Cash
      dividends declared
                                                          
                                                          
                                                          0.0100
                                                          
                                                          
                                                          
                                                          0.0100
                                                          
                                                          
                                                          
                                                          0.0200
                                                          
                                                          
                                                          
                                                          0.0200
  See
Notes to Unaudited Condensed Consolidated Financial Statements
  2
  Huntington
Bancshares Incorporated
 Condensed
Consolidated Statements of Changes in Shareholders’ Equity
 (Unaudited)
  AccumulatedPreferred
      Stock
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          Other
                                          
                                          
                                          RetainedSeries
      B
                                          
                                          
                                          Series
      A
                                          
                                          
                                          Common
      Stock
                                          
                                          
                                          Capital
                                          
                                          
                                          Treasury
      Stock
                                          
                                          
                                          Comprehensive
                                          
                                          
                                          Earnings(in
      thousands)
                                          
                                          Shares
                                          
                                          
                                          Amount
                                          
                                          
                                          Shares
                                          
                                          
                                          Amount
                                          
                                          
                                          Shares
                                          
                                          
                                          Amount
                                          
                                          
                                          Surplus
                                          
                                          
                                          Shares
                                          
                                          
                                          Amount
                                          
                                          
                                          Loss
                                          
                                          
                                          (Deficit)
                                          
                                          
                                          TotalSix
      Months Ended June 30, 2009Balance,
      beginning of period
                                          
                                          
                                          1,398
                                          
                                          
                                          $
                                          1,308,667
                                          
                                          
                                          
                                          569
                                          
                                          
                                          $
                                          569,000
                                          
                                          
                                          
                                          366,972
                                          
                                          
                                          $
                                          3,670
                                          
                                          
                                          $
                                          5,322,428
                                          
                                          
                                          
                                          (915
                                          )
                                          
                                          $
                                          (15,530
                                          )
                                          
                                          $
                                          (326,693
                                          )
                                          
                                          $
                                          365,599
                                          
                                          
                                          $
                                          7,227,141Cumulative
      effect of change in accounting principle for noncontrolling
      interest
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          1,765
                                          
                                          
                                          
                                          1,765Balance,
      beginning of period — as adjusted
                                          
                                          
                                          1,398
                                          
                                          
                                          $
                                          1,308,667
                                          
                                          
                                          
                                          569
                                          
                                          
                                          $
                                          569,000
                                          
                                          
                                          
                                          366,972
                                          
                                          
                                          $
                                          3,670
                                          
                                          
                                          $
                                          5,322,428
                                          
                                          
                                          
                                          (915
                                          )
                                          
                                          $
                                          (15,530
                                          )
                                          
                                          
                                          (326,693
                                          )
                                          
                                          $
                                          367,364
                                          
                                          
                                          $
                                          7,228,906Comprehensive
      Income:Net
      loss
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (2,558,302
                                          )
                                          
                                          
                                          (2,558,302
                                          )Cumulative
      effect of change in accounting principle for other-than- temporarily
      impaired debt securities
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (3,541
                                          )
                                          
                                          
                                          3,541
                                          
                                          
                                          
                                          —Non-credit-related
      impairment losses on debt securities not expected to be
    sold
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (44,543
                                          )
                                          
                                          
                                          
                                          
                                          
                                          
                                          (44,543
                                          )Unrealized
      net gains on investment securities arising during the period, net of
      reclassification for net realized gains
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          128,716
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          128,716Unrealized
      gains on cash flow hedging derivatives
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (30,419
                                          )
                                          
                                          
                                          
                                          
                                          
                                          
                                          (30,419
                                          )Change
      in accumulated unrealized losses for pension and other post- retirement
      obligations
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,955
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,955Total
      comprehensive loss
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (2,501,593
                                          )Issuance
      of common stock
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          161,549
                                          
                                          
                                          
                                          1,614
                                          
                                          
                                          
                                          550,850
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          552,464Conversion
      of Preferred Series A stock
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (206
                                          )
                                          
                                          
                                          (206,493
                                          )
                                          
                                          
                                          41,072
                                          
                                          
                                          
                                          411
                                          
                                          
                                          
                                          262,117
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (56,035
                                          )
                                          
                                          
                                          —Amortization
      of discount
                                          
                                          
                                          
                                          
                                          
                                          
                                          7,887
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (7,887
                                          )
                                          
                                          
                                          —Cash
      dividends declared:Common
      ($0.02 per share)
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (9,167
                                          )
                                          
                                          
                                          (9,167
                                          )Preferred
      Series B ($25.00 per share)
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (34,952
                                          )
                                          
                                          
                                          (34,952
                                          )Preferred
      Series A ($42.50 per share)
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (17,370
                                          )
                                          
                                          
                                          (17,370
                                          )Recognition
      of the fair value of share-based compensation
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,640
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,640Other
      share-based compensation activity
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          54
                                          
                                          
                                          
                                          1
                                          
                                          
                                          
                                          35
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (108
                                          )
                                          
                                          
                                          (72
                                          )Other
                                          
                                          
                                          
                                          
                                          
                                          
                                          300
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (3,480
                                          )
                                          
                                          
                                          10
                                          
                                          
                                          
                                          3,307
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (461
                                          )
                                          
                                          
                                          (334
                                          )Balance,
      end of period
                                          
                                          
                                          1,398
                                          
                                          
                                          $
                                          1,316,854
                                          
                                          
                                          
                                          363
                                          
                                          
                                          $
                                          362,507
                                          
                                          
                                          
                                          569,647
                                          
                                          
                                          $
                                          5,696
                                          
                                          
                                          $
                                          6,134,590
                                          
                                          
                                          
                                          (905
                                          )
                                          
                                          $
                                          (12,223
                                          )
                                          
                                          $
                                          (273,525
                                          )
                                          
                                          $
                                          (2,313,377
                                          )
                                          
                                          $
                                          5,220,522Six
      Months Ended June 30, 2010Balance,
      beginning of period
                                          
                                          
                                          1,398
                                          
                                          
                                          $
                                          1,325,008
                                          
                                          
                                          
                                          363
                                          
                                          
                                          $
                                          362,507
                                          
                                          
                                          
                                          716,741
                                          
                                          
                                          $
                                          7,167
                                          
                                          
                                          $
                                          6,731,796
                                          
                                          
                                          
                                          (980
                                          )
                                          
                                          $
                                          (11,465
                                          )
                                          
                                          $
                                          (156,985
                                          )
                                          
                                          $
                                          (2,922,026
                                          )
                                          
                                          $
                                          5,336,002Cumulative
      effect of change in accounting principle for consolidation of variable
      interest entities, net of tax of $3,980
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (4,249
                                          )
                                          
                                          
                                          (3,462
                                          )
                                          
                                          
                                          (7,711
                                          )Balance,
      beginning of period — as adjusted
                                          
                                          
                                          1,398
                                          
                                          
                                          
                                          1,325,008
                                          
                                          
                                          
                                          363
                                          
                                          
                                          
                                          362,507
                                          
                                          
                                          
                                          716,741
                                          
                                          
                                          
                                          7,167
                                          
                                          
                                          
                                          6,731,796
                                          
                                          
                                          
                                          (980
                                          )
                                          
                                          
                                          (11,465
                                          )
                                          
                                          
                                          (161,234
                                          )
                                          
                                          
                                          (2,925,488
                                          )
                                          
                                          
                                          5,328,291Comprehensive
      Income:Net
      income
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          88,501
                                          
                                          
                                          
                                          88,501Non-credit-related
      impairment losses on debt securities not expected to be
    sold
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          3,951
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          3,951Unrealized
      net gains on investment securities arising during the period, net of
      reclassification for net realized gains
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          69,779
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          69,779Unrealized
      gains on cash flow hedging derivatives
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          774
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          774Change
      in accumulated unrealized losses for pension and other post- retirement
      obligations
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,332
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,332Total
      comprehensive income
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          165,337Issuance
      of common stock
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          537
                                          
                                          
                                          
                                          5
                                          
                                          
                                          
                                          2,264
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          2,269Amortization
      of discount
                                          
                                          
                                          
                                          
                                          
                                          
                                          8,425
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (8,425
                                          )
                                          
                                          
                                          —Cash
      dividends declared:Common
      ($0.02 per share)
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (14,332
                                          )
                                          
                                          
                                          (14,332
                                          )Preferred
      Series B ($25.00 per share)
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (34,952
                                          )
                                          
                                          
                                          (34,952
                                          )Preferred
      Series A ($42.50 per share)
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (15,406
                                          )
                                          
                                          
                                          (15,406
                                          )Recognition
      of the fair value of share-based compensation
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          6,609
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          6,609Other
      share-based compensation activity
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          209
                                          
                                          
                                          
                                          3
                                          
                                          
                                          
                                          199
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (22
                                          )
                                          
                                          
                                          180Other
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          (1,799
                                          )
                                          
                                          
                                          116
                                          
                                          
                                          
                                          2,230
                                          
                                          
                                          
                                          
                                          
                                          
                                          
                                          9
                                          
                                          
                                          
                                          440Balance,
      end of period
                                          
                                          
                                          1,398
                                          
                                          
                                          $
                                          1,333,433
                                          
                                          
                                          
                                          363
                                          
                                          
                                          $
                                          362,507
                                          
                                          
                                          
                                          717,487
                                          
                                          
                                          $
                                          7,175
                                          
                                          
                                          $
                                          6,739,069
                                          
                                          
                                          
                                          (864
                                          )
                                          
                                          $
                                          (9,235
                                          )
                                          
                                          $
                                          (84,398
                                          )
                                          
                                          $
                                          (2,910,115
                                          )
                                          
                                          $
                                          5,438,436
  See
Notes to Unaudited Condensed Consolidated Financial Statements
  3
  Huntington
Bancshares Incorporated
 Condensed
Consolidated Statements of Cash Flows
 (Unaudited)
  Six
      Months EndedJune
      30,(in
      thousands)
                                        
                                        2010
                                        
                                        
                                        2009Operating
      activitiesNet
      income (loss)
                                        
                                        $
                                        88,501
                                        
                                        
                                        $
                                        (2,558,302
                                        )Adjustments
      to reconcile net income (loss) to net cash provided by operating
      activities:Impairment
      of goodwill
                                        
                                        
                                        —
                                        
                                        
                                        
                                        2,606,944Provision
      for credit losses
                                        
                                        
                                        428,414
                                        
                                        
                                        
                                        705,544Depreciation
      and amortization
                                        
                                        
                                        135,957
                                        
                                        
                                        
                                        105,608Change
      in current and deferred income taxes
                                        
                                        
                                        123,436
                                        
                                        
                                        
                                        (153,958
                                        )Net
      (purchases) sales of trading account securities
                                        
                                        
                                        (23,201
                                        )
                                        
                                        
                                        843,849Originations
      of loans held for sale
                                        
                                        
                                        (1,336,732
                                        )
                                        
                                        
                                        (3,036,331
                                        )Principal
      payments on and proceeds from loans held for sale
                                        
                                        
                                        1,383,151
                                        
                                        
                                        
                                        2,830,066Other,
      net
                                        
                                        
                                        (14,877
                                        )
                                        
                                        
                                        205,147Net
      cash provided by operating activities
                                        
                                        
                                        784,649
                                        
                                        
                                        
                                        1,548,567Investing
      activitiesIncrease
      (decrease) in interest bearing deposits in banks
                                        
                                        
                                        18,042
                                        
                                        
                                        
                                        (232,753
                                        )Proceeds
      from:Maturities
      and calls of investment securities
                                        
                                        
                                        1,691,002
                                        
                                        
                                        
                                        293,663Sales
      of investment securities
                                        
                                        
                                        2,303,397
                                        
                                        
                                        
                                        1,614,172Purchases
      of investment securities
                                        
                                        
                                        (3,985,907
                                        )
                                        
                                        
                                        (3,068,943
                                        )Net
      proceeds from sales of loans
                                        
                                        
                                        199,196
                                        
                                        
                                        
                                        949,398Net
      loan and lease activity, excluding sales
                                        
                                        
                                        (814,944
                                        )
                                        
                                        
                                        722,076Purchases
      of operating lease assets
                                        
                                        
                                        —
                                        
                                        
                                        
                                        (119
                                        )Proceeds
      from sale of operating lease assets
                                        
                                        
                                        11,783
                                        
                                        
                                        
                                        4,599Purchases
      of premises and equipment
                                        
                                        
                                        (32,121
                                        )
                                        
                                        
                                        (21,096
                                        )Proceeds
      from sales of other real estate
                                        
                                        
                                        44,888
                                        
                                        
                                        
                                        21,312Other,
      net
                                        
                                        
                                        1,442
                                        
                                        
                                        
                                        2,700Net
      cash (used for) provided by investing activities
                                        
                                        
                                        (563,222
                                        )
                                        
                                        
                                        285,009Financing
      activities(Decrease)
      increase in deposits
                                        
                                        
                                        (650,432
                                        )
                                        
                                        
                                        1,232,510Increase
      (decrease) in short-term borrowings
                                        
                                        
                                        166,533
                                        
                                        
                                        
                                        (549,727
                                        )Maturity/redemption
      of subordinated notes
                                        
                                        
                                        (83,870
                                        )
                                        
                                        
                                        (136,942
                                        )Proceeds
      from Federal Home Loan Bank advances
                                        
                                        
                                        450,000
                                        
                                        
                                        
                                        201,083Maturity/redemption
      of Federal Home Loan Bank advances
                                        
                                        
                                        (19,317
                                        )
                                        
                                        
                                        (1,863,345
                                        )Proceeds
      from issuance of long-term debt
                                        
                                        
                                        —
                                        
                                        
                                        
                                        598,200Maturity/redemption
      of long-term debt
                                        
                                        
                                        (415,484
                                        )
                                        
                                        
                                        (514,989
                                        )Dividends
      paid on preferred stock
                                        
                                        
                                        (50,358
                                        )
                                        
                                        
                                        (56,905
                                        )Dividends
      paid on common stock
                                        
                                        
                                        (14,247
                                        )
                                        
                                        
                                        (43,780
                                        )Net
      proceeds from issuance of common stock
                                        
                                        
                                        —
                                        
                                        
                                        
                                        548,327Other,
      net
                                        
                                        
                                        180
                                        
                                        
                                        
                                        (72
                                        )Net
      cash used for financing activities
                                        
                                        
                                        (616,995
                                        )
                                        
                                        
                                        (585,640
                                        )(Decrease)
      increase in cash and cash equivalents
                                        
                                        
                                        (395,568
                                        )
                                        
                                        
                                        1,247,936Cash
      and cash equivalents at beginning of period
                                        
                                        
                                        1,521,344
                                        
                                        
                                        
                                        844,668Cash
      and cash equivalents at end of period
                                        
                                        $
                                        1,125,776
                                        
                                        
                                        $
                                        2,092,604Supplemental
      disclosures:Income
      taxes refunded
                                        
                                        $
                                        148,210
                                        
                                        
                                        $
                                        110,584Interest
      paid
                                        
                                        
                                        309,420
                                        
                                        
                                        
                                        485,439Non-cash
      activitiesDividends
      accrued, paid in subsequent quarter
                                        
                                        
                                        23,390
                                        
                                        
                                        
                                        21,697
  See
Notes to Unaudited Condensed Consolidated Financial Statements.
  4
  Notes
to Unaudited Condensed Consolidated Financial Statements
  1.
BASIS OF PRESENTATION
  The
accompanying unaudited condensed consolidated financial statements of Huntington
Bancshares Incorporated (Huntington or the Company) reflect all adjustments
consisting of normal recurring accruals, which are, in the opinion of
Management, necessary for a fair presentation of the consolidated financial
position, the results of operations, and cash flows for the periods presented.
These unaudited condensed consolidated financial statements have been prepared
according to the rules and regulations of the Securities and Exchange Commission
(SEC) and, therefore, certain information and footnote disclosures normally
included in financial statements prepared in accordance with accounting
principles generally accepted in the United States (GAAP) have been omitted. The
Notes to Consolidated Financial Statements appearing in Huntington’s 2009 Annual
Report on Form 10-K (2009 Form 10-K), which include descriptions of significant
accounting policies, as updated by the information contained in this report,
should be read in conjunction with these interim financial
statements.
  For
statement of cash flows purposes, cash and cash equivalents are defined as the
sum of “Cash and due from banks” which includes amounts on deposit with the
Federal Reserve and “Federal funds sold and securities purchased under resale
agreements.”
  In
conjunction with applicable accounting standards, all material subsequent events
have been either recognized in the financial statements or disclosed in the
notes to the financial statements.
  2.
ACCOUNTING STANDARDS UPDATE
  FASB Accounting Standards
Codification (ASC) Topic 810 — Consolidation (Statement
No. 167, Amendments to
FASB Interpretation No. 46R) (ASC 810) This accounting guidance was
originally issued in June 2009 and is now included in ASC 810. The guidance
amends the consolidation guidance applicable for variable interest entities
(VIE). The guidance is effective for financial statements issued for fiscal
years and interim periods beginning after November 15, 2009, and early
adoption is prohibited. Huntington previously transferred automobile loans to a
trust in a securitization transaction. With adoption of the amended guidance,
the trust was consolidated as of January 1, 2010. Huntington elected the
fair value option under ASC 825, Financial Instruments, for both the auto loans
and the related debt obligations. Total assets increased $621.6 million,
total liabilities increased $629.3 million, and a negative cumulative
effect adjustment to other comprehensive income and retained earnings of
$7.7 million was recorded. Based upon the current regulatory requirements,
the consolidation of the trust resulted in a slight decrease to risk weighted
capital ratios. (See Note 15 for more information on the consolidation of the
trust).
  Accounting Standards Update
(ASU) 2010-6 — Fair Value Measurements and Disclosures (Topic 820):
Improving Disclosures about Fair Value Measurements. The ASU amends
Subtopic 820-10 with new disclosure requirements and clarification of existing
disclosure requirements. New disclosures required include the amount of
significant transfers in and out of levels 1 and 2 fair value measurements and
the reasons for the transfers. In addition, the reconciliation for level 3
activity is required on a gross rather than net basis. The ASU provides
additional guidance related to the level of disaggregation in determining
classes of assets and liabilities and disclosures about inputs and valuation
techniques. The amendments are effective for annual or interim reporting periods
beginning after December 15, 2009, except for the requirement to provide
the reconciliation for level 3 activity on a gross basis which will be effective
for fiscal years beginning after December 15, 2010. (See Note
13).
  Accounting Standards Update
(ASU) 2010-20 — Receivables (Topic 310): Disclosures about the Credit
Quality of Financing Receivables and the Allowance for Credit Losses. The
ASU will require more information about the credit quality of the loan portfolio
in the disclosures to financial statements, such as aging information and credit
quality indicators. Both new and existing disclosures must be disaggregated by
portfolio segment or class. The disaggregation of information is based on how a
company develops its allowance for credit losses and how it manages its credit
exposure. The disclosures related to period-end balances are effective for
annual or interim reporting periods ending after December 15, 2010 and the
disclosures of activity that occurs during the reporting period are effective
for annual or interim reporting periods beginning after December 15,
2010.
  5
  3.
LOANS AND LEASES
  The
following table provides a detail listing of Huntington’s loan and lease
portfolio at June 30, 2010, December 31, and June 30,
2009.
  June 30,
                                
                                
                                December 31,
                                
                                
                                June 30,(in thousands)
                                
                                2010
                                
                                
                                2009
                                
                                
                                2009Loans
      and leases:Commercial
      and industrial loans and leases
                                
                                $
                                12,392,309
                                
                                
                                $
                                12,888,100
                                
                                
                                $
                                13,320,500Commercial
      real estate loans
                                
                                
                                7,183,817
                                
                                
                                
                                7,688,827
                                
                                
                                
                                8,946,025Automobile
      loans
                                
                                
                                4,711,827
                                
                                
                                
                                3,144,329
                                
                                
                                
                                2,854,663Automobile
      leases
                                
                                
                                134,739
                                
                                
                                
                                246,265
                                
                                
                                
                                382,709Home
      equity loans
                                
                                
                                7,510,393
                                
                                
                                
                                7,562,060
                                
                                
                                
                                7,631,445Residential
      mortgage loans
                                
                                
                                4,354,287
                                
                                
                                
                                4,510,347
                                
                                
                                
                                4,646,298Other
      consumer loans
                                
                                
                                682,323
                                
                                
                                
                                750,735
                                
                                
                                
                                713,249Loans
      and leases
                                
                                
                                36,969,695
                                
                                
                                
                                36,790,663
                                
                                
                                
                                38,494,889Allowance
      for loan and lease losses
                                
                                
                                (1,402,160
                                )
                                
                                
                                (1,482,479
                                )
                                
                                
                                (917,680
                                )Net
      loans and leases
                                
                                $
                                35,567,535
                                
                                
                                $
                                35,308,184
                                
                                
                                $
                                37,577,209
  The Bank
has access to the Federal Reserve’s discount window and advances from the FHLB -
Cincinnati. As of June 30, 2010, these borrowings and advances are
generally secured by $16.5 billion of loans and securities.
  Franklin
Credit Management relationship
  Franklin
Credit Management Corporation (Franklin) is a specialty consumer finance company
primarily engaged in servicing residential mortgage loans. On March 31,
2009, Huntington entered into a transaction with Franklin whereby a Huntington
wholly-owned REIT subsidiary (REIT) exchanged a non controlling amount of
certain equity interests for a 100% interest in Franklin Asset Merger Sub, LLC
(Merger Sub), a wholly owned subsidiary of Franklin. This was accomplished by
merging Merger Sub into a wholly-owned subsidiary of REIT. Merger Sub’s sole
assets were two trust participation certificates evidencing 83% ownership rights
in a newly created trust, Franklin Mortgage Asset Trust 2009-A (Franklin 2009
Trust) which holds all the underlying consumer loans and OREO that were formerly
collateral for the Franklin commercial loans. The equity interests provided to
Franklin by REIT were pledged by Franklin as collateral for the Franklin
commercial loans.
  Franklin
2009 Trust is a variable interest entity and, as a result of Huntington’s 83%
participation certificates, Franklin 2009 Trust was consolidated into
Huntington’s financial results. The consolidation was recorded as a business
combination with the fair value of the equity interests issued to Franklin
representing the acquisition price.
  ASC 310
(formerly SOP 03-3) provides guidance for accounting for acquired loans, such as
these, that have experienced a deterioration of credit quality at the time of
acquisition for which it is probable that the investor will be unable to collect
all contractually required payments.
  At the
end of the 2010 second quarter, $398 million of Franklin-related loans
($333.0 million of residential mortgages and $64.7 million of home
equity loans) at a value of $323 million were transferred into loans held
for sale. Reflecting the transfer, these loans were marked to lower of cost or
fair value, which resulted in 2010 second quarter charge-offs of
$75.5 million ($60.8 million related to residential mortgages and
$14.7 million related to home equity loans), and the provision for credit
losses was increased by $75.5 million. In July, we sold substantially all
of the residential mortgages. The remaining portfolio primarily consists of
$48.3 million of home equity loans held for sale and $24.5 million of
OREO, both of which have been written down to current fair value, less costs to
sell.
  6
  The
following table presents a rollforward of the accretable discount for the three
months and six months ended June 30, 2010 and 2009:
  Three
      Months Ended
                                
                                
                                Six
      Months EndedJune
      30,
                                
                                
                                June
      30,(in
      thousands)
                                
                                2010
                                
                                
                                2009
                                
                                
                                2010
                                
                                
                                2009Balance,
      beginning of period
                                
                                $
                                27,661
                                
                                
                                $
                                39,781
                                
                                
                                $
                                35,286
                                
                                
                                $
                                —Additions
                                
                                
                                —
                                
                                
                                
                                
                                
                                
                                
                                —
                                
                                
                                
                                39,781Accretion
                                
                                
                                (264
                                )
                                
                                
                                (750
                                )
                                
                                
                                (1,773
                                )
                                
                                
                                (750
                                )Reclassification
      to nonaccretable difference (1)
                                
                                
                                (1,344
                                )
                                
                                
                                —
                                
                                
                                
                                (7,460
                                )
                                
                                
                                —Transfer
      to loans held for sale
                                
                                
                                (26,053
                                )
                                
                                
                                —
                                
                                
                                
                                (26,053
                                )
                                
                                
                                —Balance,
      end of period
                                
                                $
                                —
                                
                                
                                $
                                39,031
                                
                                
                                $
                                —
                                
                                
                                $
                                39,031
 
 (1)
              Result of moving loans to
      nonaccrual status.
  The
following table reflects the outstanding balance of all contractually required
payments and carrying amounts of the acquired loans at June 30, 2010 and
2009:
  June
      30,
                    
                    
                    December
      31,
                    
                    
                    June
      30,2010
                    
                    
                    2009
                    
                    
                    2009Carrying
                    
                    
                    Outstanding
                    
                    
                    Carrying
                    
                    
                    Outstanding
                    
                    
                    Carrying
                    
                    
                    Outstanding(in
      thousands)
                    
                    Value
                    
                    
                    Balance
                    
                    
                    Value
                    
                    
                    Balance
                    
                    
                    Value
                    
                    
                    BalanceResidential
      mortgage
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    373,117
                    
                    
                    $
                    680,068
                    
                    
                    $
                    415,029
                    
                    
                    $
                    740,850Home
      equity
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    70,737
                    
                    
                    
                    810,139
                    
                    
                    
                    56,944
                    
                    
                    
                    829,994Total
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    443,854
                    
                    
                    $
                    1,490,207
                    
                    
                    $
                    471,973
                    
                    
                    $
                    1,570,844
  In
accordance with ASC 805, at March 31, 2009 Huntington recorded a net
deferred tax asset of $159.9 million related to the difference between the
tax basis and the book basis in the acquired assets. Because the acquisition
price, represented by the equity interests in the Huntington wholly-owned
subsidiary, was equal to the fair value of the 83% interest in the Franklin 2009
Trust participant certificate, no goodwill was created from the transaction. The
recording of the net deferred tax asset resulted in a bargain purchase under ASC
805, and, therefore was recorded as a tax benefit in the 2009 first quarter. On
March 31, 2010, the net deferred tax asset increased by $43.6 million
as a result of the assets no longer being subject to the limitations of Internal
Revenue Code (IRC) Section 382. In general, the limitations under IRC
Section 382 apply to bad debt deductions, but IRC Section 382 only
applies to bad debt deductions recognized within one year of the acquisition.
Any bad debt deductions recognized after March 31, 2010 would not be
limited by IRC Section 382.
  7
  4.
INVESTMENT SECURITIES
  Listed
below are the contractual maturities (under 1 year, 1-5 years,
6-10 years, and over 10 years) of investment securities at June 30,
2010, December 31, 2009, and June 30, 2009:
  June 30, 2010
                                                                    
                                                                    
                                                                    December 31, 2009
                                                                    
                                                                    
                                                                    June 30, 2009Amortized
                                                                    
                                                                    
                                                                    
                                                                    
                                                                    
                                                                    Amortized
                                                                    
                                                                    
                                                                    
                                                                    
                                                                    
                                                                    AmortizedCost
                                                                    
                                                                    
                                                                    Fair Value
                                                                    
                                                                    
                                                                    Cost
                                                                    
                                                                    
                                                                    Fair Value
                                                                    
                                                                    
                                                                    Cost
                                                                    
                                                                    
                                                                    Fair ValueU.S.
      TreasuryUnder
      1 year
                                                                    
                                                                    $
                                                                    —
                                                                    
                                                                    
                                                                    $
                                                                    —
                                                                    
                                                                    
                                                                    $
                                                                    —
                                                                    
                                                                    
                                                                    $
                                                                    —
                                                                    
                                                                    
                                                                    $
                                                                    50,480
                                                                    
                                                                    
                                                                    $
                                                                    50,4971-5 years
                                                                    
                                                                    
                                                                    49,997
                                                                    
                                                                    
                                                                    
                                                                    50,328
                                                                    
                                                                    
                                                                    
                                                                    99,735
                                                                    
                                                                    
                                                                    
                                                                    99,154
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —6-10 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —Over
      10 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —Total
      U.S. Treasury
                                                                    
                                                                    
                                                                    49,997
                                                                    
                                                                    
                                                                    
                                                                    50,328
                                                                    
                                                                    
                                                                    
                                                                    99,735
                                                                    
                                                                    
                                                                    
                                                                    99,154
                                                                    
                                                                    
                                                                    
                                                                    50,480
                                                                    
                                                                    
                                                                    
                                                                    50,497Federal
      agencies — mortgage backed securitiesMortgage
      backed securitiesUnder
      1 year
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —1-5 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —6-10 years
                                                                    
                                                                    
                                                                    716,844
                                                                    
                                                                    
                                                                    
                                                                    731,350
                                                                    
                                                                    
                                                                    
                                                                    692,119
                                                                    
                                                                    
                                                                    
                                                                    688,420
                                                                    
                                                                    
                                                                    
                                                                    1
                                                                    
                                                                    
                                                                    
                                                                    1Over
      10 years
                                                                    
                                                                    
                                                                    3,689,229
                                                                    
                                                                    
                                                                    
                                                                    3,774,601
                                                                    
                                                                    
                                                                    
                                                                    2,752,317
                                                                    
                                                                    
                                                                    
                                                                    2,791,688
                                                                    
                                                                    
                                                                    
                                                                    1,845,469
                                                                    
                                                                    
                                                                    
                                                                    1,870,855Total
      mortgage-backed Federal agencies
                                                                    
                                                                    
                                                                    4,406,073
                                                                    
                                                                    
                                                                    
                                                                    4,505,951
                                                                    
                                                                    
                                                                    
                                                                    3,444,436
                                                                    
                                                                    
                                                                    
                                                                    3,480,108
                                                                    
                                                                    
                                                                    
                                                                    1,845,470
                                                                    
                                                                    
                                                                    
                                                                    1,870,856Temporary
      Liquidity Guarantee Program (TLGP) securitiesUnder
      1 year
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —1-5 years
                                                                    
                                                                    
                                                                    182,552
                                                                    
                                                                    
                                                                    
                                                                    184,757
                                                                    
                                                                    
                                                                    
                                                                    258,672
                                                                    
                                                                    
                                                                    
                                                                    260,388
                                                                    
                                                                    
                                                                    
                                                                    319,737
                                                                    
                                                                    
                                                                    
                                                                    320,0216-10 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —Over
      10 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —Total
      TLGP securities
                                                                    
                                                                    
                                                                    182,552
                                                                    
                                                                    
                                                                    
                                                                    184,757
                                                                    
                                                                    
                                                                    
                                                                    258,672
                                                                    
                                                                    
                                                                    
                                                                    260,388
                                                                    
                                                                    
                                                                    
                                                                    319,737
                                                                    
                                                                    
                                                                    
                                                                    320,021Other
      agenciesUnder
      1 year
                                                                    
                                                                    
                                                                    187,627
                                                                    
                                                                    
                                                                    
                                                                    188,549
                                                                    
                                                                    
                                                                    
                                                                    159,988
                                                                    
                                                                    
                                                                    
                                                                    162,518
                                                                    
                                                                    
                                                                    
                                                                    2,206
                                                                    
                                                                    
                                                                    
                                                                    2,2711-5 years
                                                                    
                                                                    
                                                                    1,692,684
                                                                    
                                                                    
                                                                    
                                                                    1,703,421
                                                                    
                                                                    
                                                                    
                                                                    2,556,213
                                                                    
                                                                    
                                                                    
                                                                    2,555,782
                                                                    
                                                                    
                                                                    
                                                                    1,965,647
                                                                    
                                                                    
                                                                    
                                                                    1,979,8136-10 years
                                                                    
                                                                    
                                                                    11,030
                                                                    
                                                                    
                                                                    
                                                                    11,478
                                                                    
                                                                    
                                                                    
                                                                    8,614
                                                                    
                                                                    
                                                                    
                                                                    8,703
                                                                    
                                                                    
                                                                    
                                                                    7,018
                                                                    
                                                                    
                                                                    
                                                                    7,189Over
      10 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —Total
      other Federal agencies
                                                                    
                                                                    
                                                                    1,891,341
                                                                    
                                                                    
                                                                    
                                                                    1,903,448
                                                                    
                                                                    
                                                                    
                                                                    2,724,815
                                                                    
                                                                    
                                                                    
                                                                    2,727,003
                                                                    
                                                                    
                                                                    
                                                                    1,974,871
                                                                    
                                                                    
                                                                    
                                                                    1,989,273Total
      U.S. Government backed agencies
                                                                    
                                                                    
                                                                    6,529,963
                                                                    
                                                                    
                                                                    
                                                                    6,644,484
                                                                    
                                                                    
                                                                    
                                                                    6,527,658
                                                                    
                                                                    
                                                                    
                                                                    6,566,653
                                                                    
                                                                    
                                                                    
                                                                    4,190,558
                                                                    
                                                                    
                                                                    
                                                                    4,230,647Municipal
      securitiesUnder
      1 year
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —1-5 years
                                                                    
                                                                    
                                                                    26,393
                                                                    
                                                                    
                                                                    
                                                                    27,164
                                                                    
                                                                    
                                                                    
                                                                    6,050
                                                                    
                                                                    
                                                                    
                                                                    6,123
                                                                    
                                                                    
                                                                    
                                                                    1,165
                                                                    
                                                                    
                                                                    
                                                                    1,1916-10 years
                                                                    
                                                                    
                                                                    87,428
                                                                    
                                                                    
                                                                    
                                                                    90,904
                                                                    
                                                                    
                                                                    
                                                                    54,445
                                                                    
                                                                    
                                                                    
                                                                    58,037
                                                                    
                                                                    
                                                                    
                                                                    53,148
                                                                    
                                                                    
                                                                    
                                                                    56,223Over
      10 years
                                                                    
                                                                    
                                                                    254,786
                                                                    
                                                                    
                                                                    
                                                                    257,848
                                                                    
                                                                    
                                                                    
                                                                    57,952
                                                                    
                                                                    
                                                                    
                                                                    60,625
                                                                    
                                                                    
                                                                    
                                                                    65,254
                                                                    
                                                                    
                                                                    
                                                                    67,106Total
      municipal securities
                                                                    
                                                                    
                                                                    368,607
                                                                    
                                                                    
                                                                    
                                                                    375,916
                                                                    
                                                                    
                                                                    
                                                                    118,447
                                                                    
                                                                    
                                                                    
                                                                    124,785
                                                                    
                                                                    
                                                                    
                                                                    119,567
                                                                    
                                                                    
                                                                    
                                                                    124,520Private
      label CMOUnder
      1 year
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —1-5 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —6-10 years
                                                                    
                                                                    
                                                                    13,820
                                                                    
                                                                    
                                                                    
                                                                    14,031
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —Over
      10 years
                                                                    
                                                                    
                                                                    412,882
                                                                    
                                                                    
                                                                    
                                                                    380,580
                                                                    
                                                                    
                                                                    
                                                                    534,377
                                                                    
                                                                    
                                                                    
                                                                    477,319
                                                                    
                                                                    
                                                                    
                                                                    603,099
                                                                    
                                                                    
                                                                    
                                                                    510,503Total
      private label CMO
                                                                    
                                                                    
                                                                    426,702
                                                                    
                                                                    
                                                                    
                                                                    394,611
                                                                    
                                                                    
                                                                    
                                                                    534,377
                                                                    
                                                                    
                                                                    
                                                                    477,319
                                                                    
                                                                    
                                                                    
                                                                    603,099
                                                                    
                                                                    
                                                                    
                                                                    510,503Asset
      backed securities (1)Under
      1 year
                                                                    
                                                                    
                                                                    40,000
                                                                    
                                                                    
                                                                    
                                                                    40,138
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —1-5 years
                                                                    
                                                                    
                                                                    588,876
                                                                    
                                                                    
                                                                    
                                                                    592,301
                                                                    
                                                                    
                                                                    
                                                                    352,850
                                                                    
                                                                    
                                                                    
                                                                    353,114
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —6-10 years
                                                                    
                                                                    
                                                                    168,382
                                                                    
                                                                    
                                                                    
                                                                    169,246
                                                                    
                                                                    
                                                                    
                                                                    256,783
                                                                    
                                                                    
                                                                    
                                                                    262,826
                                                                    
                                                                    
                                                                    
                                                                    132,205
                                                                    
                                                                    
                                                                    
                                                                    134,270Over
      10 years
                                                                    
                                                                    
                                                                    365,201
                                                                    
                                                                    
                                                                    
                                                                    218,940
                                                                    
                                                                    
                                                                    
                                                                    518,841
                                                                    
                                                                    
                                                                    
                                                                    364,376
                                                                    
                                                                    
                                                                    
                                                                    554,032
                                                                    
                                                                    
                                                                    
                                                                    402,928Total
      asset-backed securities
                                                                    
                                                                    
                                                                    1,162,459
                                                                    
                                                                    
                                                                    
                                                                    1,020,625
                                                                    
                                                                    
                                                                    
                                                                    1,128,474
                                                                    
                                                                    
                                                                    
                                                                    980,316
                                                                    
                                                                    
                                                                    
                                                                    686,237
                                                                    
                                                                    
                                                                    
                                                                    537,198OtherUnder
      1 year
                                                                    
                                                                    
                                                                    300
                                                                    
                                                                    
                                                                    
                                                                    308
                                                                    
                                                                    
                                                                    
                                                                    2,250
                                                                    
                                                                    
                                                                    
                                                                    2,250
                                                                    
                                                                    
                                                                    
                                                                    2,350
                                                                    
                                                                    
                                                                    
                                                                    2,3501-5 years
                                                                    
                                                                    
                                                                    6,722
                                                                    
                                                                    
                                                                    
                                                                    6,884
                                                                    
                                                                    
                                                                    
                                                                    4,656
                                                                    
                                                                    
                                                                    
                                                                    4,798
                                                                    
                                                                    
                                                                    
                                                                    4,451
                                                                    
                                                                    
                                                                    
                                                                    4,5136-10 years
                                                                    
                                                                    
                                                                    1,104
                                                                    
                                                                    
                                                                    
                                                                    1,222
                                                                    
                                                                    
                                                                    
                                                                    1,104
                                                                    
                                                                    
                                                                    
                                                                    1,166
                                                                    
                                                                    
                                                                    
                                                                    50,038
                                                                    
                                                                    
                                                                    
                                                                    50,336Over
      10 years
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    —
                                                                    
                                                                    
                                                                    
                                                                    63
                                                                    
                                                                    
                                                                    
                                                                    137Non-marketable
      equity securities
                                                                    
                                                                    
                                                                    304,915
                                                                    
                                                                    
                                                                    
                                                                    304,915
                                                                    
                                                                    
                                                                    
                                                                    376,640
                                                                    
                                                                    
                                                                    
                                                                    376,640
                                                                    
                                                                    
                                                                    
                                                                    427,772
                                                                    
                                                                    
                                                                    
                                                                    427,772Marketable
      equity securities
                                                                    
                                                                    
                                                                    55,436
                                                                    
                                                                    
                                                                    
                                                                    54,753
                                                                    
                                                                    
                                                                    
                                                                    54,482
                                                                    
                                                                    
                                                                    
                                                                    53,987
                                                                    
                                                                    
                                                                    
                                                                    47,369
                                                                    
                                                                    
                                                                    
                                                                    46,728Total
      other
                                                                    
                                                                    
                                                                    368,477
                                                                    
                                                                    
                                                                    
                                                                    368,082
                                                                    
                                                                    
                                                                    
                                                                    439,132
                                                                    
                                                                    
                                                                    
                                                                    438,841
                                                                    
                                                                    
                                                                    
                                                                    532,043
                                                                    
                                                                    
                                                                    
                                                                    531,836Total
      investment securities
                                                                    
                                                                    $
                                                                    8,856,208
                                                                    
                                                                    
                                                                    $
                                                                    8,803,718
                                                                    
                                                                    
                                                                    $
                                                                    8,748,088
                                                                    
                                                                    
                                                                    $
                                                                    8,587,914
                                                                    
                                                                    
                                                                    $
                                                                    6,131,504
                                                                    
                                                                    
                                                                    $
                                                                    5,934,704
  (1)
              Amounts at June 30, 2010 and
      December 31, 2009 include automobile asset backed securities with a
      fair value of $562.3 million and $309.4 million, respectively
      which meet the eligibility requirements for the Term Asset-Backed
      Securities Loan Facility, or “TALF,” administered by the Federal Reserve
      Bank of New York. Amounts at December 31, 2009 include securities
      with a fair value of $161.0 million backed by student loans with a
      minimum 97% government
guarantee.
  8
  Other
securities at June 30, 2010, December 31, 2009 and June 30, 2009
include $165.6 million, $240.6 million, and $240.6 million of stock
issued by the Federal Home Loan Bank of Cincinnati, $45.7 million of stock
issued by the Federal Home Loan Bank of Indianapolis, and $93.6 million,
$90.4 million and $141.5 million, respectively, of Federal Reserve
Bank stock. Other securities also include corporate debt and marketable equity
securities. Non-marketable equity securities are valued at amortized cost. At
June 30, 2010, December 31, 2009 and June 30, 2009, Huntington
did not have any material equity positions in Federal National Mortgage
Association (FNMA or Fannie Mae) or the Federal Home Loan Mortgage Corporation
(FHLMC or Freddie Mac).
  The
following tables provide amortized cost, fair value, and gross unrealized gains
and losses recognized in accumulated other comprehensive income by investment
category at June 30, 2010, December 31, 2009, and June 30,
2009.
 
 UnrealizedAmortized
                              
                              
                              Gross
                              
                              
                              Gross
                              
                              
                              Fair(in
      thousands)
                              
                              Cost
                              
                              
                              Gains
                              
                              
                              Losses
                              
                              
                              ValueJune 30,
      2010U.S.
      Treasury
                              
                              $
                              49,997
                              
                              
                              $
                              331
                              
                              
                              $
                              —
                              
                              
                              $
                              50,328Federal
      AgenciesMortgage-backed
      securities
                              
                              
                              4,406,073
                              
                              
                              
                              102,435
                              
                              
                              
                              (2,557
                              )
                              
                              
                              4,505,951TLGP
      securities
                              
                              
                              182,552
                              
                              
                              
                              2,205
                              
                              
                              
                              —
                              
                              
                              
                              184,757Other
      agencies
                              
                              
                              1,891,341
                              
                              
                              
                              12,108
                              
                              
                              
                              (1
                              )
                              
                              
                              1,903,448Total
      U.S. Government backed securities
                              
                              
                              6,529,963
                              
                              
                              
                              117,079
                              
                              
                              
                              (2,558
                              )
                              
                              
                              6,644,484Municipal
      securities
                              
                              
                              368,607
                              
                              
                              
                              7,334
                              
                              
                              
                              (25
                              )
                              
                              
                              375,916Private
      label CMO
                              
                              
                              426,702
                              
                              
                              
                              534
                              
                              
                              
                              (32,625
                              )
                              
                              
                              394,611Asset
      backed securities
                              
                              
                              1,162,459
                              
                              
                              
                              4,805
                              
                              
                              
                              (146,639
                              )
                              
                              
                              1,020,625Other
      securities
                              
                              
                              368,477
                              
                              
                              
                              367
                              
                              
                              
                              (762
                              )
                              
                              
                              368,082Total
      investment securities
                              
                              $
                              8,856,208
                              
                              
                              $
                              130,119
                              
                              
                              $
                              (182,609
                              )
                              
                              $
                              8,803,718
 
 UnrealizedAmortized
                                
                                
                                Gross
                                
                                
                                Gross
                                
                                
                                Fair(in
      thousands)
                                
                                Cost
                                
                                
                                Gains
                                
                                
                                Losses
                                
                                
                                ValueDecember 31,
      2009U.S.
      Treasury
                                
                                $
                                99,735
                                
                                
                                $
                                —
                                
                                
                                $
                                (581
                                )
                                
                                $
                                99,154Federal
      AgenciesMortgage-backed
      securities
                                
                                
                                3,444,436
                                
                                
                                
                                44,835
                                
                                
                                
                                (9,163
                                )
                                
                                
                                3,480,108TLGP
      securities
                                
                                
                                258,672
                                
                                
                                
                                2,037
                                
                                
                                
                                (321
                                )
                                
                                
                                260,388Other
      agencies
                                
                                
                                2,724,815
                                
                                
                                
                                6,346
                                
                                
                                
                                (4,158
                                )
                                
                                
                                2,727,003Total
      U.S. Government backed securities
                                
                                
                                6,527,658
                                
                                
                                
                                53,218
                                
                                
                                
                                (14,223
                                )
                                
                                
                                6,566,653Municipal
      securities
                                
                                
                                118,447
                                
                                
                                
                                6,424
                                
                                
                                
                                (86
                                )
                                
                                
                                124,785Private
      label CMO
                                
                                
                                534,377
                                
                                
                                
                                99
                                
                                
                                
                                (57,157
                                )
                                
                                
                                477,319Asset
      backed securities
                                
                                
                                1,128,474
                                
                                
                                
                                7,709
                                
                                
                                
                                (155,867
                                )
                                
                                
                                980,316Other
      securities
                                
                                
                                439,132
                                
                                
                                
                                296
                                
                                
                                
                                (587
                                )
                                
                                
                                438,841Total
      investment securities
                                
                                $
                                8,748,088
                                
                                
                                $
                                67,746
                                
                                
                                $
                                (227,920
                                )
                                
                                $
                                8,587,914
  9
 
 UnrealizedAmortized
                              
                              
                              Gross
                              
                              
                              Gross
                              
                              
                              Fair(in
      thousands)
                              
                              Cost
                              
                              
                              Gains
                              
                              
                              Losses
                              
                              
                              ValueJune
      30, 2009U.S.
      Treasury
                              
                              $
                              50,480
                              
                              
                              $
                              17
                              
                              
                              $
                              —
                              
                              
                              $
                              50,497Federal
      AgenciesMortgage-backed
      securities
                              
                              
                              1,845,470
                              
                              
                              
                              34,269
                              
                              
                              
                              (8,883
                              )
                              
                              
                              1,870,856TLGP
      securities
                              
                              
                              319,737
                              
                              
                              
                              1,084
                              
                              
                              
                              (800
                              )
                              
                              
                              320,021Other
      agencies
                              
                              
                              1,974,871
                              
                              
                              
                              15,666
                              
                              
                              
                              (1,264
                              )
                              
                              
                              1,989,273Total
      U.S. Government backed securities
                              
                              
                              4,190,558
                              
                              
                              
                              51,036
                              
                              
                              
                              (10,947
                              )
                              
                              
                              4,230,647Municipal
      securities
                              
                              
                              119,567
                              
                              
                              
                              5,442
                              
                              
                              
                              (489
                              )
                              
                              
                              124,520Private
      label CMO
                              
                              
                              603,099
                              
                              
                              
                              —
                              
                              
                              
                              (92,596
                              )
                              
                              
                              510,503Asset
      backed securities
                              
                              
                              686,237
                              
                              
                              
                              16,195
                              
                              
                              
                              (165,234
                              )
                              
                              
                              537,198Other
      securities
                              
                              
                              532,043
                              
                              
                              
                              442
                              
                              
                              
                              (649
                              )
                              
                              
                              531,836Total
      investment securities
                              
                              $
                              6,131,504
                              
                              
                              $
                              73,115
                              
                              
                              $
                              (269,915
                              )
                              
                              $
                              5,934,704
  The
following tables provide detail on investment securities with unrealized losses
aggregated by investment category and length of time the individual securities
have been in a continuous loss position, at June 30, 2010 ,
December 31, 2009, and June 30, 2009.
 
 Less
      than 12 Months
                                        
                                        
                                        Over
      12 Months
                                        
                                        
                                        TotalFair
                                        
                                        
                                        Unrealized
                                        
                                        
                                        Fair
                                        
                                        
                                        Unrealized
                                        
                                        
                                        Fair
                                        
                                        
                                        Unrealized(in
      thousands)
                                        
                                        Value
                                        
                                        
                                        Losses
                                        
                                        
                                        Value
                                        
                                        
                                        Losses
                                        
                                        
                                        Value
                                        
                                        
                                        LossesJune
      30, 2010U.S.
      Treasury
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —
                                        
                                        
                                        $
                                        —Federal
      AgenciesMortgage-backed
      securities
                                        
                                        
                                        257,773
                                        
                                        
                                        
                                        (2,557
                                        )
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        257,773
                                        
                                        
                                        
                                        (2,557
                                        )TLGP
      securities
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —Other
      agencies
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        250
                                        
                                        
                                        
                                        (1
                                        )
                                        
                                        
                                        250
                                        
                                        
                                        
                                        (1
                                        )Total
      U.S. Government backed securities
                                        
                                        
                                        257,773
                                        
                                        
                                        
                                        (2,557
                                        )
                                        
                                        
                                        250
                                        
                                        
                                        
                                        (1
                                        )
                                        
                                        
                                        258,023
                                        
                                        
                                        
                                        (2,558
                                        )Municipal
      securities
                                        
                                        
                                        3,992
                                        
                                        
                                        
                                        (8
                                        )
                                        
                                        
                                        3,803
                                        
                                        
                                        
                                        (17
                                        )
                                        
                                        
                                        7,795
                                        
                                        
                                        
                                        (25
                                        )Private
      label CMO
                                        
                                        
                                        —
                                        
                                        
                                        
                                        —
                                        
                                        
                                        
                                        337,044
                                        
                                        
                                        
                                        (32,625
                                        )
                                        
                                        
                                        337,044
                                        
                                        
                                        
                                        (32,625
                                        )Asset
      backed securities
                                        
                                        
                                        77,834
                                        
                                        
                                        
                                        (7,990
                                        )
                                        
                                        
                                        206,835
                                        
                                        
                                        
                                        (138,649
                                        )
                                        
                                        
                                        284,669
                                        
                                        
                                        
                                        (146,639
                                        )Other
      securities
                                        
                                        
                                        39,427
                                        
                                        
                                        
                                        (519
                                        )
                                        
                                        
                                        811
                                        
                                        
                                        
                                        (243
                                        )
                                        
                                        
                                        40,238
                                        
                                        
                                        
                                        (762
                                        )Total
      temporarily impaired securities
                                        
                                        $
                                        379,026
                                        
                                        
                                        $
                                        (11,074
                                        )
                                        
                                        $
                                        548,743
                                        
                                        
                                        $
                                        (171,535
                                        )
                                        
                                        $
                                        927,769
                                        
                                        
                                        $
                                        (182,609
                                        )
 
 Less
      than 12 Months
                                    
                                    
                                    Over
      12 Months
                                    
                                    
                                    TotalFair
                                    
                                    
                                    Unrealized
                                    
                                    
                                    Fair
                                    
                                    
                                    Unrealized
                                    
                                    
                                    Fair
                                    
                                    
                                    Unrealized(in
      thousands)
                                    
                                    Value
                                    
                                    
                                    Losses
                                    
                                    
                                    Value
                                    
                                    
                                    Losses
                                    
                                    
                                    Value
                                    
                                    
                                    LossesDecember
      31, 2009U.S.
      Treasury
                                    
                                    $
                                    99,154
                                    
                                    
                                    $
                                    (581
                                    )
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    99,154
                                    
                                    
                                    $
                                    (581
                                    )Federal
      AgenciesMortgage-backed
      securities
                                    
                                    
                                    1,324,960
                                    
                                    
                                    
                                    (9,163
                                    )
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    1,324,960
                                    
                                    
                                    
                                    (9,163
                                    )TLGP
      securities
                                    
                                    
                                    49,675
                                    
                                    
                                    
                                    (321
                                    )
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    49,675
                                    
                                    
                                    
                                    (321
                                    )Other
      agencies
                                    
                                    
                                    1,443,309
                                    
                                    
                                    
                                    (4,081
                                    )
                                    
                                    
                                    6,475
                                    
                                    
                                    
                                    (77
                                    )
                                    
                                    
                                    1,449,784
                                    
                                    
                                    
                                    (4,158
                                    )Total
      U.S. Government backed securities
                                    
                                    
                                    2,917,098
                                    
                                    
                                    
                                    (14,146
                                    )
                                    
                                    
                                    6,475
                                    
                                    
                                    
                                    (77
                                    )
                                    
                                    
                                    2,923,573
                                    
                                    
                                    
                                    (14,223
                                    )Municipal
      securities
                                    
                                    
                                    3,993
                                    
                                    
                                    
                                    (7
                                    )
                                    
                                    
                                    3,741
                                    
                                    
                                    
                                    (79
                                    )
                                    
                                    
                                    7,734
                                    
                                    
                                    
                                    (86
                                    )Private
      label CMO
                                    
                                    
                                    15,280
                                    
                                    
                                    
                                    (3,831
                                    )
                                    
                                    
                                    452,439
                                    
                                    
                                    
                                    (53,326
                                    )
                                    
                                    
                                    467,719
                                    
                                    
                                    
                                    (57,157
                                    )Asset
      backed securities
                                    
                                    
                                    236,451
                                    
                                    
                                    
                                    (8,822
                                    )
                                    
                                    
                                    207,581
                                    
                                    
                                    
                                    (147,045
                                    )
                                    
                                    
                                    444,032
                                    
                                    
                                    
                                    (155,867
                                    )Other
      securities
                                    
                                    
                                    39,413
                                    
                                    
                                    
                                    (372
                                    )
                                    
                                    
                                    410
                                    
                                    
                                    
                                    (215
                                    )
                                    
                                    
                                    39,823
                                    
                                    
                                    
                                    (587
                                    )Total
      temporarily impaired securities
                                    
                                    $
                                    3,212,235
                                    
                                    
                                    $
                                    (27,178
                                    )
                                    
                                    $
                                    670,646
                                    
                                    
                                    $
                                    (200,742
                                    )
                                    
                                    $
                                    3,882,881
                                    
                                    
                                    $
                                    (227,920
                                    )
  10
 
 Less
      than 12 Months
                          
                          
                          Over
      12 Months
                          
                          
                          TotalFair
                          
                          
                          Unrealized
                          
                          
                          Fair
                          
                          
                          Unrealized
                          
                          
                          Fair
                          
                          
                          Unrealized(in
      thousands)
                          
                          Value
                          
                          
                          Losses
                          
                          
                          Value
                          
                          
                          Losses
                          
                          
                          Value
                          
                          
                          LossesJune
      30, 2009U.S.
      Treasury
                          
                          $
                          —
                          
                          
                          $
                          —
                          
                          
                          $
                          —
                          
                          
                          $
                          —
                          
                          
                          $
                          —
                          
                          
                          $
                          —Federal
      AgenciesMortgage-backed
      securities
                          
                          
                          518,356
                          
                          
                          
                          (8,883
                          )
                          
                          
                          —
                          
                          
                          
                          —
                          
                          
                          
                          518,356
                          
                          
                          
                          (8,883
                          )TLGP
      securities
                          
                          
                          132,758
                          
                          
                          
                          (800
                          )
                          
                          
                          —
                          
                          
                          
                          —
                          
                          
                          
                          132,758
                          
                          
                          
                          (800
                          )Other
      agencies
                          
                          
                          551,296
                          
                          
                          
                          (1,218
                          )
                          
                          
                          6,830
                          
                          
                          
                          (46
                          )
                          
                          
                          558,126
                          
                          
                          
                          (1,264
                          )Total
      U.S. Government backed securities
                          
                          
                          1,202,410
                          
                          
                          
                          (10,901
                          )
                          
                          
                          6,830
                          
                          
                          
                          (46
                          )
                          
                          
                          1,209,240
                          
                          
                          
                          (10,947
                          )Municipal
      securities
                          
                          
                          8,893
                          
                          
                          
                          (103
                          )
                          
                          
                          10,949
                          
                          
                          
                          (386
                          )
                          
                          
                          19,842
                          
                          
                          
                          (489
                          )Private
      label CMO
                          
                          
                          17,889
                          
                          
                          
                          (2,536
                          )
                          
                          
                          492,599
                          
                          
                          
                          (90,060
                          )
                          
                          
                          510,488
                          
                          
                          
                          (92,596
                          )Asset
      backed securities
                          
                          
                          17,561
                          
                          
                          
                          (99
                          )
                          
                          
                          217,425
                          
                          
                          
                          (165,135
                          )
                          
                          
                          234,986
                          
                          
                          
                          (165,234
                          )Other
      securities
                          
                          
                          38,913
                          
                          
                          
                          (240
                          )
                          
                          
                          2,541
                          
                          
                          
                          (409
                          )
                          
                          
                          41,454
                          
                          
                          
                          (649
                          )Total
      temporarily impaired securities
                          
                          $
                          1,285,666
                          
                          
                          $
                          (13,879
                          )
                          
                          $
                          730,344
                          
                          
                          $
                          (256,036
                          )
                          
                          $
                          2,016,010
                          
                          
                          $
                          (269,915
                          )
  The
following table is a summary of realized securities gains and losses for the
three months and six months ended June 30, 2010, and 2009:
  Three
      Months Ended
                                    
                                    
                                    Six
      Months EndedJune
      30,
                                    
                                    
                                    June
      30,(in
      thousands)
                                    
                                    2010
                                    
                                    
                                    2009
                                    
                                    
                                    2010
                                    
                                    
                                    2009Gross
      gains on sales of securities
                                    
                                    $
                                    8,105
                                    
                                    
                                    $
                                    15,697
                                    
                                    
                                    $
                                    14,881
                                    
                                    
                                    $
                                    28,491Gross
      (losses) on sales of securities
                                    
                                    
                                    (5,125
                                    )
                                    
                                    
                                    (3,451
                                    )
                                    
                                    
                                    (5,471
                                    )
                                    
                                    
                                    (10,256
                                    )Net
      gain on sales of securities
                                    
                                    
                                    2,980
                                    
                                    
                                    
                                    12,246
                                    
                                    
                                    
                                    9,410
                                    
                                    
                                    
                                    18,235other-than-temporary
      impairment recorded — pre adoption (1)
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    (3,922
                                    )other-than-temporary
      impairment recorded — post adoption (1)
                                    
                                    
                                    (2,824
                                    )
                                    
                                    
                                    (19,586
                                    )
                                    
                                    
                                    (9,285
                                    )
                                    
                                    
                                    (19,586
                                    )Net
      other-than-temporary impairment recorded
                                    
                                    
                                    (2,824
                                    )
                                    
                                    
                                    (19,586
                                    )
                                    
                                    
                                    (9,285
                                    )
                                    
                                    
                                    (23,508
                                    )Total
      securities gain (loss)
                                    
                                    $
                                    156
                                    
                                    
                                    $
                                    (7,340
                                    )
                                    
                                    $
                                    125
                                    
                                    
                                    $
                                    (5,273
                                    )
 
 (1)
              Huntington adopted the current
      other-than-temporary impairment provisions of ASC Topic 320 on April 1,
      2009.
  Huntington
adopted the current other-than-temporary impairment provisions of ASC Topic 320
on April 1, 2009. Huntington evaluates its investment securities portfolio on a
quarterly basis for other-than-temporary impairment (OTTI). Huntington assesses
whether OTTI has occurred when the fair value of a debt security is less than
the amortized cost basis at the balance sheet date. Under these circumstances,
OTTI is considered to have occurred (1) if Huntington intends to sell the
security; (2) if it is more likely than not Huntington will be required to sell
the security before recovery of its amortized cost basis; or (3) the present
value of the expected cash flows is not sufficient to recover the entire
amortized cost basis.
  For
securities that Huntington does not expect to sell or it is not more likely than
not to be required to sell, credit-related OTTI, represented by the expected
loss in principal, is recognized in earnings, while noncredit-related OTTI is
recognized in other comprehensive income (OCI). For securities which Huntington
does expect to sell, all OTTI is recognized in earnings. Noncredit-related OTTI
results from other factors, including increased liquidity spreads and extension
of the security. Presentation of OTTI is made in the income statement on a gross
basis with a reduction for the amount of OTTI recognized in OCI.
  Huntington
applied the related OTTI guidance on the debt security types listed
below.
  Alt-A mortgage-backed and
private-label collateralized mortgage obligation (CMO) securities
represent securities collateralized by first-lien residential mortgage loans.
The securities are valued by a third party specialist using a discounted cash
flow approach and proprietary pricing model. The model used inputs such as
estimated prepayment speeds, losses, recoveries, default rates that were implied
by the underlying performance of collateral in the structure or similar
structures, discount rates that were implied by market prices for similar
securities, collateral structure types, and house price
depreciation/appreciation rates that were based upon macroeconomic
forecasts.
  Pooled-trust-preferred
securities represent collateralized debt obligations (CDOs) backed by a
pool of debt securities issued by financial institutions. The collateral
generally consisted of trust-preferred securities and subordinated debt
securities issued by banks, bank holding companies, and insurance companies. A
full cash flow analysis was used to estimate fair values and assess impairment
for each security within this portfolio. We engaged a third party specialist
with direct industry experience in pooled trust preferred securities valuations
to provide assistance in estimating the fair value and expected cash flows for
each security in this portfolio.
  Relying
on cash flows was necessary because there was a lack of observable transactions
in the market and many of the original sponsors or dealers for these securities
were no longer able to provide a fair value that was compliant with ASC 820
.
  11
  For the
three months and six months ended June 30, 2010 and 2009, the following tables
summarizes by debt security type, total OTTI losses, OTTI losses included in
OCI, and OTTI recognized in the income statement for securities evaluated for
impairment as described above, subsequent to the adoption of current
other-than-temporary impairment provisions of ASC Topic 320.
 
 Three
      Months Ended June 30,Alt-A
                              
                              
                              PooledMortgage-
                              
                              
                              Trust-
                              
                              
                              Private(in thousands)
                              
                              backed
                              
                              
                              Preferred
                              
                              
                              Label CMO
                              
                              
                              Total2010Total
      OTTI recoveries (losses) (unrealized and realized)
                              
                              $
                              399
                              
                              
                              $
                              3,001
                              
                              
                              $
                              1,793
                              
                              
                              $
                              5,193Unrealized
      OTTI recognized in OCI
                              
                              
                              (959
                              )
                              
                              
                              (3,001
                              )
                              
                              
                              (4,057
                              )
                              
                              
                              (8,017
                              )Net
      impairment losses recognized in earnings
                              
                              $
                              (560
                              )
                              
                              $
                              —
                              
                              
                              $
                              (2,264
                              )
                              
                              $
                              (2,824
                              )2009Total
      OTTI recoveries (losses) (unrealized and realized)
                              
                              $
                              (5,980
                              )
                              
                              $
                              (13,479
                              )
                              
                              $
                              (68,655
                              )
                              
                              $
                              (88,114
                              )Unrealized
      OTTI recognized in OCI
                              
                              
                              99
                              
                              
                              
                              12,228
                              
                              
                              
                              56,201
                              
                              
                              
                              68,528Net
      impairment losses recognized in earnings
                              
                              $
                              (5,881
                              )
                              
                              $
                              (1,251
                              )
                              
                              $
                              (12,454
                              )
                              
                              $
                              (19,586
                              )
 
 Six
      Months Ended June 30,Alt-A
                                
                                
                                PooledMortgage-
                                
                                
                                Trust-
                                
                                
                                Private(in thousands)
                                
                                backed
                                
                                
                                Preferred
                                
                                
                                Label CMO
                                
                                
                                Total2010Total
      OTTI recoveries (losses) (unrealized and realized)
                                
                                $
                                (4,177
                                )
                                
                                $
                                2,352
                                
                                
                                $
                                (1,382
                                )
                                
                                $
                                (3,207
                                )Unrealized
      OTTI recognized in OCI
                                
                                
                                2,975
                                
                                
                                
                                (5,567
                                )
                                
                                
                                (3,486
                                )
                                
                                
                                (6,078
                                )Net
      impairment losses recognized in earnings
                                
                                $
                                (1,202
                                )
                                
                                $
                                (3,215
                                )
                                
                                $
                                (4,868
                                )
                                
                                $
                                (9,285
                                )2009
      (1)Total
      OTTI recoveries (losses) (unrealized and realized)
                                
                                $
                                (5,980
                                )
                                
                                $
                                (13,479
                                )
                                
                                $
                                (68,655
                                )
                                
                                $
                                (88,114
                                )Unrealized
      OTTI recognized in OCI
                                
                                
                                99
                                
                                
                                
                                12,228
                                
                                
                                
                                56,201
                                
                                
                                
                                68,528Net
      impairment losses recognized in earnings
                                
                                $
                                (5,881
                                )
                                
                                $
                                (1,251
                                )
                                
                                $
                                (12,454
                                )
                                
                                $
                                (19,586
                                )
 
 (1)
              Huntington adopted the current
      other-than-temporary impairment provisions of ASC Topic 320 on
      April 1, 2009. Amount represents from the period of adoption through
      June 30, 2009.
  The
following table rolls forward the unrealized OTTI recognized in OCI on debt
securities held by Huntington for the three months and six months ended
June 30, 2010 and 2009:
 
 Three
      Months Ended June 30,Alt-A
                                    
                                    
                                    PooledMortgage-
                                    
                                    
                                    Trust-
                                    
                                    
                                    Private(in thousands)
                                    
                                    backed
                                    
                                    
                                    Preferred
                                    
                                    
                                    Label CMO
                                    
                                    
                                    Total2010Balance,
      beginning of period
                                    
                                    $
                                    10,120
                                    
                                    
                                    $
                                    90,925
                                    
                                    
                                    $
                                    25,302
                                    
                                    
                                    $
                                    126,347Credit
      losses not previous recognized
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    786
                                    
                                    
                                    
                                    786Change
      in expected cash flows
                                    
                                    
                                    (1,082
                                    )
                                    
                                    
                                    (3,588
                                    )
                                    
                                    
                                    (4,843
                                    )
                                    
                                    
                                    (9,513
                                    )Additional
      credit losses
                                    
                                    
                                    123
                                    
                                    
                                    
                                    587
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    710Balance,
      end of period
                                    
                                    $
                                    9,161
                                    
                                    
                                    $
                                    87,924
                                    
                                    
                                    $
                                    21,245
                                    
                                    
                                    $
                                    118,3302009Balance,
      beginning of period
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —Credit
      losses not previous recognized
                                    
                                    
                                    5,881
                                    
                                    
                                    
                                    1,251
                                    
                                    
                                    
                                    12,454
                                    
                                    
                                    
                                    19,586Change
      in expected cash flows
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —Additional
      credit losses
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —Balance,
      end of period
                                    
                                    $
                                    5,881
                                    
                                    
                                    $
                                    1,251
                                    
                                    
                                    $
                                    12,454
                                    
                                    
                                    $
                                    19,586
  12
 
 Six Months Ended June 30,Alt-A
                                      
                                      
                                      Pooled(in thousands)
                                      
                                      Mortgage-
                                        backed
                                      
                                      
                                      Trust-
                                        Preferred
                                      
                                      
                                      Private
                                        Label CMO
                                      
                                      
                                      Total2010Balance,
      beginning of period
                                      
                                      $
                                      6,186
                                      
                                      
                                      $
                                      93,491
                                      
                                      
                                      $
                                      24,731
                                      
                                      
                                      $
                                      124,408Credit
      losses not previous recognized
                                      
                                      
                                      3,972
                                      
                                      
                                      
                                      —
                                      
                                      
                                      
                                      4,937
                                      
                                      
                                      
                                      8,909Change
      in expected cash flows
                                      
                                      
                                      (1,316
                                      )
                                      
                                      
                                      (7,564
                                      )
                                      
                                      
                                      (8,780
                                      )
                                      
                                      
                                      (17,660
                                      )Additional
      credit losses
                                      
                                      
                                      319
                                      
                                      
                                      
                                      1,997
                                      
                                      
                                      
                                      357
                                      
                                      
                                      
                                      2,673Balance,
      end of period
                                      
                                      $
                                      9,161
                                      
                                      
                                      $
                                      87,924
                                      
                                      
                                      $
                                      21,245
                                      
                                      
                                      $
                                      118,3302009
      (1)Balance,
      beginning of period
                                      
                                      $
                                      —
                                      
                                      
                                      $
                                      —
                                      
                                      
                                      $
                                      —
                                      
                                      
                                      $
                                      —Credit
      losses not previous recognized
                                      
                                      
                                      5,881
                                      
                                      
                                      
                                      1,251
                                      
                                      
                                      
                                      12,454
                                      
                                      
                                      
                                      19,586Change
      in expected cash flows
                                      
                                      
                                      —
                                      
                                      
                                      
                                      —
                                      
                                      
                                      
                                      —
                                      
                                      
                                      
                                      —Additional
      credit losses
                                      
                                      
                                      —
                                      
                                      
                                      
                                      —
                                      
                                      
                                      
                                      —
                                      
                                      
                                      
                                      —Balance,
      end of period
                                      
                                      $
                                      5,881
                                      
                                      
                                      $
                                      1,251
                                      
                                      
                                      $
                                      12,454
                                      
                                      
                                      $
                                      19,586
 
 (1)
              Huntington adopted the current
      other-than-temporary impairment provisions of ASC Topic 320 on
      April 1, 2009. Amount represents from the period of adoption through
      June 30, 2009.
  The fair
values of these assets have been impacted by various market conditions. The
unrealized losses were primarily the result of wider liquidity spreads on
asset-backed securities and, additionally, increased market volatility on
non-agency mortgage and asset-backed securities that are backed by certain
mortgage loans. In addition, the expected average lives of the asset-backed
securities backed by trust preferred securities have been extended, due to
changes in the expectations of when the underlying securities would be repaid.
The contractual terms and/or cash flows of the investments do not permit the
issuer to settle the securities at a price less than the amortized cost.
Huntington does not intend to sell, nor does it believe it will be required to
sell these securities until the fair value is recovered, which may be maturity
and, therefore, does not consider them to be other-than-temporarily impaired at
June 30, 2010.
  As of
June 30, 2010, management has evaluated all other investment securities
with unrealized losses and all non-marketable securities for impairment and
concluded no additional other-than-temporary impairment is
required.
  5.
LOAN SALES AND SECURITIZATIONS
  Residential
Mortgage Loans
  For the
three months ended June 30, 2010, and 2009, Huntington sold
$0.8 billion, and $1.2 billion of residential mortgage loans with servicing
retained, resulting in net pre-tax gains of $18.7 million, and
$27.1 million, respectively, recorded in other non-interest income. During
the six months ended June 30, 2010, and 2009, sales of residential mortgage
loans with servicing retained were $1.5 billion, and $2.7 billion,
respectively, resulting in net pre-tax gains of $33.4 million, and
$55.5 million, respectively.
  A
mortgage servicing right (MSR) is established only when the servicing is
contractually separated from the underlying mortgage loans by sale or
securitization of the loans with servicing rights retained.
  At
initial recognition, the MSR asset is established at its fair value using
assumptions that are consistent with assumptions used to estimate the fair value
of existing MSRs carried at fair value in the portfolio. At the time of initial
capitalization, MSRs are grouped into one of two categories depending on whether
Huntington intends to actively hedge the asset. MSR assets are recorded using
the fair value method if the Company will engage in actively hedging the asset
or recorded using the amortization method if no active hedging will be
performed. MSRs are included in accrued income and other assets. Any increase or
decrease in the fair value or amortized cost of MSRs carried under the fair
value method during the period is recorded as an increase or decrease in
mortgage banking income, which is reflected in non-interest income in the
consolidated statements of income.
  13
  The
following tables summarize the changes in MSRs recorded using either the fair
value method or the amortization method for the three months and six months
ended June 30, 2010 and 2009:
 
 Three
      Months Ended
                                
                                
                                Six
      Months EndedFair
      Value Method
                                
                                June
      30,
                                
                                
                                June
      30,(in
      thousands)
                                
                                2010
                                
                                
                                2009
                                
                                
                                2010
                                
                                
                                2009Fair
      value, beginning of period
                                
                                $
                                162,106
                                
                                
                                $
                                167,838
                                
                                
                                $
                                176,427
                                
                                
                                $
                                167,438New
      servicing assets created
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                23,074Change
      in fair value during the period due to:Time
      decay (1)
                                
                                
                                (1,536
                                )
                                
                                
                                (1,705
                                )
                                
                                
                                (3,208
                                )
                                
                                
                                (3,328
                                )Payoffs
      (2)
                                
                                
                                (6,800
                                )
                                
                                
                                (12,646
                                )
                                
                                
                                (13,677
                                )
                                
                                
                                (23,308
                                )Changes
      in valuation inputs or assumptions (3)
                                
                                
                                (21,365
                                )
                                
                                
                                46,551
                                
                                
                                
                                (27,137
                                )
                                
                                
                                36,162Other
      changes
                                
                                
                                —
                                
                                
                                
                                (3,106
                                )
                                
                                
                                —
                                
                                
                                
                                (3,106
                                )Fair
      value, end of period
                                
                                $
                                132,405
                                
                                
                                $
                                196,932
                                
                                
                                $
                                132,405
                                
                                
                                $
                                196,932
 
 (1)
              Represents decrease in value due
      to passage of time, including the impact from both regularly scheduled
      loan principal payments and partial loan
  paydowns.
 
 (2)
              Represents decrease in value
      associated with loans that paid off during the
    period.
 
 (3)
                Represents
      change in value resulting primarily from market-driven changes in interest
      rates.
 
 Three
      Months Ended
                                
                                
                                Six
      Months EndedAmortization
      Method
                                
                                June
      30,
                                
                                
                                June
      30,(in
      thousands)
                                
                                2010
                                
                                
                                2009
                                
                                
                                2010
                                
                                
                                2009Carrying
      value, beginning of year
                                
                                $
                                45,446
                                
                                
                                $
                                —
                                
                                
                                $
                                38,165
                                
                                
                                $
                                —New
      servicing assets created
                                
                                
                                7,944
                                
                                
                                
                                22,444
                                
                                
                                
                                16,741
                                
                                
                                
                                22,444Impairment
      charge
                                
                                
                                (4,856
                                )
                                
                                
                                —
                                
                                
                                
                                (4,856
                                )
                                
                                
                                —Amortization
      and other
                                
                                
                                (1,801
                                )
                                
                                
                                (94
                                )
                                
                                
                                (3,317
                                )
                                
                                
                                (94
                                )Carrying
      value, end of period
                                
                                $
                                46,733
                                
                                
                                $
                                22,350
                                
                                
                                $
                                46,733
                                
                                
                                $
                                22,350Fair
      value, end of period
                                
                                $
                                47,565
                                
                                
                                $
                                23,840
                                
                                
                                $
                                47,565
                                
                                
                                $
                                23,840
  MSRs do
not trade in an active, open market with readily observable prices. While sales
of MSRs occur, the precise terms and conditions are typically not readily
available. Therefore, the fair value of MSRs is estimated using a discounted
future cash flow model. The model considers portfolio characteristics,
contractually specified servicing fees and assumptions related to prepayments,
delinquency rates, late charges, other ancillary revenues, costs to service, and
other economic factors. Changes in the assumptions used may have a significant
impact on the valuation of MSRs.
  A summary
of key assumptions and the sensitivity of the MSR value at June 30, 2010 to
changes in these assumptions follows:
 
 Decline
      in fair value due to10%
                                                          
                                                          
                                                          20%adverse
                                                          
                                                          
                                                          adverse(in
      thousands)
                                                          
                                                          Actual
                                                          
                                                          
                                                          change
                                                          
                                                          
                                                          changeConstant
      pre-payment rate
                                                          
                                                          
                                                          14.02
                                                          %
                                                          
                                                          $
                                                          (7,120
                                                          )
                                                          
                                                          $
                                                          (13,132
                                                          )Spread
      over forward interest rate swap rates
                                                          
                                                          479
                                                          bps
                                                          
                                                          
                                                          (2,629
                                                          )
                                                          
                                                          
                                                          (5,259
                                                          )
  MSR
values are sensitive to movements in interest rates as expected future net
servicing income depends on the projected outstanding principal balances of the
underlying loans, which can be greatly impacted by the level of prepayments. The
Company hedges against changes in MSR fair value attributable to changes in
interest rates through a combination of derivative instruments and trading
securities.
  Total
servicing fees included in mortgage banking income amounted to
$12.2 million, and $12.0 million for the three months ended June 30,
2010, and 2009, respectively. For the six months ended June 30, 2010, and
2009, servicing fees totaled $24.6 million and $23.9 million,
respectively.
  14
  Automobile
Loans and Leases
  With the
adoption of amended accounting guidance for the consolidation of variable
interest entities (VIE), Huntington consolidated a trust containing automobile
loans on January 1, 2010. Total assets increased $621.6 million, total
liabilities increased $629.3 million, and a negative cumulative effect
adjustment to other comprehensive income and retained earnings of
$7.7 million was recorded. (See Note 15 for more information on the
consolidation of the trust).
  Automobile
loan servicing rights are accounted for under the amortization method. A
servicing asset is established at fair value at the time of the sale. The
servicing asset is then amortized against servicing income. Impairment, if any,
is recognized when carrying value exceeds the fair value as determined by
calculating the present value of expected net future cash flows. The primary
risk characteristic for measuring servicing assets is payoff rates of the
underlying loan pools. Valuation calculations rely on the predicted payoff
assumption and, if actual payoff is quicker than expected, then future value
would be impaired.
  Changes
in the carrying value of automobile loan servicing rights for the three and six
months ended June 30, 2010 and 2009, and the fair value at the end of each
period were as follows:
  Three
      Months Ended
                          
                          
                          Six
      Months EndedJune
      30,
                          
                          
                          June
      30,(in
      thousands)
                          
                          2010
                          
                          
                          2009
                          
                          
                          2010
                          
                          
                          2009Carrying
      value, beginning of period
                          
                          $
                          499
                          
                          
                          $
                          20,051
                          
                          
                          $
                          12,912
                          
                          
                          $
                          1,656New
      servicing assets created
                          
                          
                          —
                          
                          
                          
                          —
                          
                          
                          
                          —
                          
                          
                          
                          19,538Amortization
      and other (1)
                          
                          
                          (126
                          )
                          
                          
                          (2,628
                          )
                          
                          
                          (12,539
                          )
                          
                          
                          (3,771
                          )Carrying
      value, end of period
                          
                          $
                          373
                          
                          
                          $
                          17,423
                          
                          
                          $
                          373
                          
                          
                          $
                          17,423Fair
      value, end of period
                          
                          $
                          631
                          
                          
                          $
                          18,401
                          
                          
                          $
                          631
                          
                          
                          $
                          18,401
 
 (1)
              The six months ended
      June 30, 2010, included a $12.3 million reduction related to the
      consolidation of the VIE as noted
above.
  Huntington
has retained servicing responsibilities on sold automobile loans and receives
annual servicing fees and other ancillary fees on the outstanding loan balances.
Servicing income, net of amortization of capitalized servicing assets, amounted
to $0.8 million, and $1.6 million for the three months ended
June 30, 2010, and 2009, respectively. For the six months ended
June 30, 2010, and 2009, servicing income, net of amortization of
capitalized servicing assets, was $1.6 million and $2.8 million,
respectively.
  6.
GOODWILL AND OTHER INTANGIBLE ASSETS
  A
rollforward of goodwill by business segment for the six months ended
June 30, 2010, was as follows:
  Retail
      &Business
                                    
                                    
                                    Commercial
                                    
                                    
                                    Commercial
                                    
                                    
                                    
                                    
                                    
                                    Treasury/
                                    
                                    
                                    Huntington(in
      thousands)
                                    
                                    Banking
                                    
                                    
                                    Banking
                                    
                                    
                                    Real
      Estate
                                    
                                    
                                    PFG
                                    
                                    
                                    Other
                                    
                                    
                                    ConsolidatedBalance,
      beginning of period
                                    
                                    $
                                    310,138
                                    
                                    
                                    $
                                    5,008
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    124,283
                                    
                                    
                                    $
                                    4,839
                                    
                                    
                                    $
                                    444,268Other
      adjustments
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    —Balance,
      end of period
                                    
                                    $
                                    310,138
                                    
                                    
                                    $
                                    5,008
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    124,283
                                    
                                    
                                    $
                                    4,839
                                    
                                    
                                    $
                                    444,268
 
 Goodwill
is not amortized but is evaluated for impairment on an annual basis at October
1st of each year or whenever events or changes in circumstances indicate that
the carrying value may not be recoverable. We concluded that no goodwill
impairment was required or existed during the first quarter or second quarter of
2010.
  15
  At
June 30, 2010, December 31, 2009 and June 30, 2009, Huntington’s
other intangible assets consisted of the following:
 
 Gross
                                              
                                              
                                              
                                              
                                              
                                              NetCarrying
                                              
                                              
                                              Accumulated
                                              
                                              
                                              Carrying(in
      thousands)
                                              
                                              Amount
                                              
                                              
                                              Amortization
                                              
                                              
                                              ValueJune 30,
      2010Core
      deposit intangible
                                              
                                              $
                                              376,846
                                              
                                              
                                              $
                                              (193,989
                                              )
                                              
                                              $
                                              182,857Customer
      relationship
                                              
                                              
                                              104,574
                                              
                                              
                                              
                                              (30,386
                                              )
                                              
                                              
                                              74,188Other
                                              
                                              
                                              25,164
                                              
                                              
                                              
                                              (23,398
                                              )
                                              
                                              
                                              1,766Total
      other intangible assets
                                              
                                              $
                                              506,584
                                              
                                              
                                              $
                                              (247,773
                                              )
                                              
                                              $
                                              258,811December 31,
      2009Core
      deposit intangible
                                              
                                              $
                                              376,846
                                              
                                              
                                              $
                                              (168,651
                                              )
                                              
                                              $
                                              208,195Customer
      relationship
                                              
                                              
                                              104,574
                                              
                                              
                                              
                                              (26,000
                                              )
                                              
                                              
                                              78,574Other
                                              
                                              
                                              26,465
                                              
                                              
                                              
                                              (24,136
                                              )
                                              
                                              
                                              2,329Total
      other intangible assets
                                              
                                              $
                                              507,885
                                              
                                              
                                              $
                                              (218,787
                                              )
                                              
                                              $
                                              289,098June 30,
      2009Core
      deposit intangible
                                              
                                              $
                                              373,300
                                              
                                              
                                              $
                                              (139,826
                                              )
                                              
                                              $
                                              233,474Customer
      relationship
                                              
                                              
                                              104,574
                                              
                                              
                                              
                                              (21,399
                                              )
                                              
                                              
                                              83,175Other
                                              
                                              
                                              29,327
                                              
                                              
                                              
                                              (23,509
                                              )
                                              
                                              
                                              5,818Total
      other intangible assets
                                              
                                              $
                                              507,201
                                              
                                              
                                              $
                                              (184,734
                                              )
                                              
                                              $
                                              322,467
  The
estimated amortization expense of other intangible assets for the remainder of
2010 and the next five years is as follows:
 
 Amortization(in
      thousands)
                  
                  Expense2010
                  
                  $
                  30,2372011
                  
                  
                  53,2892012
                  
                  
                  46,0752013
                  
                  
                  40,5112014
                  
                  
                  35,8582015
                  
                  
                  19,756
  16
  7.
OTHER LONG-TERM DEBT AND SUBORDINATED NOTES
  The
following table summarizes the changes in other long-term debt and subordinated
notes during the six months ended June 30, 2010 and 2009:
 
 Other
                                    
                                    
                                    Subordinated(in thousands)
                                    
                                    Long-term Debt
                                    
                                    
                                    NotesBalance,
      January 1, 2010
                                    
                                    $
                                    2,369,491
                                    
                                    
                                    $
                                    1,264,202Notes
      payable from consolidation of variable interest entities
    (VIE)
                                    
                                    
                                    634,125
                                    (1)
                                    
                                    
                                    —Redemptions/maturities
                                    
                                    
                                    (415,484
                                    )
                                    
                                    
                                    (83,870
                                    )Amortization
      of issued discount
                                    
                                    
                                    (2,213
                                    )
                                    
                                    
                                    (357
                                    )Fair
      value changes related to hedging
                                    
                                    
                                    2,668
                                    
                                    
                                    
                                    15,235Other
                                    
                                    
                                    (18,653
                                    )
                                    
                                    
                                    —Balance,
      June 30, 2010
                                    
                                    $
                                    2,569,934
                                    
                                    
                                    $
                                    1,195,210Balance,
      January 1, 2009
                                    
                                    $
                                    2,331,632
                                    
                                    
                                    $
                                    1,950,097Issuances
                                    
                                    
                                    600,000
                                    (2)
                                    
                                    
                                    —Redemptions/maturities
                                    
                                    
                                    (519,542
                                    )(2)
                                    
                                    
                                    (208,315
                                    )(3)Amortization
      of issued discount
                                    
                                    
                                    —
                                    
                                    
                                    
                                    109Fair
      value changes related to hedging
                                    
                                    
                                    (4,326
                                    )
                                    
                                    
                                    (69,004
                                    )Franklin
      2009 Trust liability
                                    
                                    
                                    95,833
                                    (4)Other
                                    
                                    
                                    4,547
                                    
                                    
                                    
                                    —Balance,
      June 30, 2009
                                    
                                    $
                                    2,508,144
                                    
                                    
                                    $
                                    1,672,887
 
 (1)
              With the adoption of amended
      accounting guidance for the consolidation of variable interest entities
      (VIE), Huntington consolidated a trust containing automobile loans and
      related notes payable on January 1,
  2010.
 
 (2)
              In the 2009 first quarter, the
      Bank issued $600 million of guaranteed other long-term debt through
      the Temporary Liquidity Guarantee Program (TLGP) with the FDIC. The
      majority of the resulting proceeds were used to satisfy unsecured other
      long-term debt maturities in
2009.
 
 (3)
              During the second quarter of
      2009, Huntington redeemed $166.3 million junior subordinated notes
      associated with outstanding trust preferred securities, for an aggregate
      of $96.2 million, resulting in a net pre-tax gain of
      $67.4 million. This was reflected as a debt extinguishment in the
      condensed consolidated financial
  statements.
 
 (4)
              Franklin 2009 Trust liability was
      a result of the consolidation of Franklin 2009 Trust on March 31, 2009.
      See Note 3 for more information regarding the Franklin
      relationship.
  The
derivative instruments, principally interest rate swaps, are used to hedge the
fair values of certain fixed-rate debt by converting the debt to a variable
rate. See Note 14 for more information regarding such financial
instruments.
  17
  8.
OTHER COMPREHENSIVE INCOME
  The
components of Huntington’s other comprehensive income for the three months and
six months ended June 30, 2010 and 2009, were as follows:
 
 Three
      Months EndedJune 30, 2010Tax(expense)(in thousands)
                                                
                                                Pretax
                                                
                                                
                                                Benefit
                                                
                                                
                                                After-taxNon-credit-related
      impairment recoveries on debt securities not expected to be
      sold
                                                
                                                $
                                                8,017
                                                
                                                
                                                $
                                                (2,806
                                                )
                                                
                                                $
                                                5,211Unrealized
      holding gains (losses) on debt securities available for sale arising
      during the period
                                                
                                                
                                                70,354
                                                
                                                
                                                
                                                (24,897
                                                )
                                                
                                                
                                                45,457Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                                
                                                
                                                (156
                                                )
                                                
                                                
                                                55
                                                
                                                
                                                
                                                (101
                                                )Net
      change in unrealized holding gains (losses) on debt securities
      available for sale
                                                
                                                
                                                78,215
                                                
                                                
                                                
                                                (27,648
                                                )
                                                
                                                
                                                50,567Unrealized
      holding gains (losses) on equity securities available for sale
      arising during the period
                                                
                                                
                                                (206
                                                )
                                                
                                                
                                                72
                                                
                                                
                                                
                                                (134
                                                )Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                                
                                                
                                                —
                                                
                                                
                                                
                                                —
                                                
                                                
                                                
                                                —Net
      change in unrealized holding gains (losses) on equity securities
      available for sale
                                                
                                                
                                                (206
                                                )
                                                
                                                
                                                72
                                                
                                                
                                                
                                                (134
                                                )Unrealized
      gains and losses on derivatives used in cash flow hedging relationships
      arising during the period
                                                
                                                
                                                (3,883
                                                )
                                                
                                                
                                                1,359
                                                
                                                
                                                
                                                (2,524
                                                )Change
      in pension and post-retirement benefit plan assets and
      liabilities
                                                
                                                
                                                1,794
                                                
                                                
                                                
                                                (628
                                                )
                                                
                                                
                                                1,166Total
      other comprehensive income (loss)
                                                
                                                $
                                                75,920
                                                
                                                
                                                $
                                                (26,845
                                                )
                                                
                                                $
                                                49,075
 
 
 Three
      Months EndedJune
      30, 2009Tax(expense)(in
      thousands)
                                                  
                                                  Pretax
                                                  
                                                  
                                                  Benefit
                                                  
                                                  
                                                  After-taxCumulative
      effect of change in accounting principle for OTTI debt
      securities
                                                  
                                                  $
                                                  (5,448
                                                  )
                                                  
                                                  $
                                                  1,907
                                                  
                                                  
                                                  $
                                                  (3,541
                                                  )Non-credit-related
      impairment losses on debt securities not expected to be
    sold
                                                  
                                                  
                                                  (68,528
                                                  )
                                                  
                                                  $
                                                  23,985
                                                  
                                                  
                                                  $
                                                  (44,543
                                                  )Unrealized
      holding (losses) gains on debt securities available for sale arising
      during the period
                                                  
                                                  
                                                  118,702
                                                  
                                                  
                                                  $
                                                  (41,642
                                                  )
                                                  
                                                  $
                                                  77,060Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                                  
                                                  
                                                  7,340
                                                  
                                                  
                                                  
                                                  (2,569
                                                  )
                                                  
                                                  
                                                  4,771Net
      change in unrealized holding (losses) gains on debt securities
      available for sale
                                                  
                                                  
                                                  57,514
                                                  
                                                  
                                                  
                                                  (20,226
                                                  )
                                                  
                                                  
                                                  37,288Unrealized
      holding (losses) gains on equity securities available for sale
      arising during the period
                                                  
                                                  
                                                  309
                                                  
                                                  
                                                  
                                                  (108
                                                  )
                                                  
                                                  
                                                  201Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                                  
                                                  
                                                  —
                                                  
                                                  
                                                  
                                                  —
                                                  
                                                  
                                                  
                                                  —Net
      change in unrealized holding (losses) gains on equity securities
      available for sale
                                                  
                                                  
                                                  309
                                                  
                                                  
                                                  
                                                  (108
                                                  )
                                                  
                                                  
                                                  201Unrealized
      gains and losses on derivatives used in cash flow hedging relationships
      arising during the period
                                                  
                                                  
                                                  (45,173
                                                  )
                                                  
                                                  
                                                  15,811
                                                  
                                                  
                                                  
                                                  (29,362
                                                  )Change
      in pension and post-retirement benefit plan assets and
      liabilities
                                                  
                                                  
                                                  2,273
                                                  
                                                  
                                                  
                                                  (795
                                                  )
                                                  
                                                  
                                                  1,478Total
      other comprehensive (loss) income
                                                  
                                                  $
                                                  9,475
                                                  
                                                  
                                                  $
                                                  (3,411
                                                  )
                                                  
                                                  $
                                                  6,064
 
 Six
      Months EndedJune
      30, 2010Tax(expense)(in
      thousands)
                                              
                                              Pretax
                                              
                                              
                                              Benefit
                                              
                                              
                                              After-taxCumulative
      effect of change in accounting principle for consolidation of variable
      interest entities
                                              
                                              $
                                              (6,365
                                              )
                                              
                                              $
                                              2,116
                                              
                                              
                                              $
                                              (4,249
                                              )Non-credit-related
      impairment recoveries on debt securities not expected to be
      sold
                                              
                                              
                                              6,078
                                              
                                              
                                              
                                              (2,127
                                              )
                                              
                                              
                                              3,951Unrealized
      holding gains (losses) on debt securities available for sale arising
      during the period
                                              
                                              
                                              108,281
                                              
                                              
                                              
                                              (38,301
                                              )
                                              
                                              
                                              69,980Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                              
                                              
                                              (125
                                              )
                                              
                                              
                                              44
                                              
                                              
                                              
                                              (81
                                              )Net
      change in unrealized holding gains (losses) on debt securities
      available for sale
                                              
                                              
                                              114,234
                                              
                                              
                                              
                                              (40,384
                                              )
                                              
                                              
                                              73,850Unrealized
      holding gains (losses) on equity securities available for sale
      arising during the period
                                              
                                              
                                              (185
                                              )
                                              
                                              
                                              65
                                              
                                              
                                              
                                              (120
                                              )Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                              
                                              
                                              —
                                              
                                              
                                              
                                              —
                                              
                                              
                                              
                                              —Net
      change in unrealized holding gains (losses) on equity securities
      available for sale
                                              
                                              
                                              (185
                                              )
                                              
                                              
                                              65
                                              
                                              
                                              
                                              (120
                                              )Unrealized
      gains and losses on derivatives used in cash flow hedging relationships
      arising during the period
                                              
                                              
                                              1,190
                                              
                                              
                                              
                                              (416
                                              )
                                              
                                              
                                              774Change
      in pension and post-retirement benefit plan assets and
      liabilities
                                              
                                              
                                              3,588
                                              
                                              
                                              
                                              (1,256
                                              )
                                              
                                              
                                              2,332Total
      other comprehensive income (loss)
                                              
                                              $
                                              112,462
                                              
                                              
                                              $
                                              (39,875
                                              )
                                              
                                              $
                                              72,587
  18
 
 Six
      Months EndedJune
      30, 2009Tax(expense)(in
      thousands)
                                                  
                                                  Pretax
                                                  
                                                  
                                                  Benefit
                                                  
                                                  
                                                  After-taxCumulative
      effect of change in accounting principle for OTTI debt
      securities
                                                  
                                                  $
                                                  (5,448
                                                  )
                                                  
                                                  $
                                                  1,907
                                                  
                                                  
                                                  $
                                                  (3,541
                                                  )Non-credit-related
      impairment losses on debt securities not expected to be
    sold
                                                  
                                                  
                                                  (68,528
                                                  )
                                                  
                                                  
                                                  23,985
                                                  
                                                  
                                                  
                                                  (44,543
                                                  )Unrealized
      holding (losses) gains on debt securities available for sale arising
      during the period
                                                  
                                                  
                                                  193,405
                                                  
                                                  
                                                  
                                                  (68,029
                                                  )
                                                  
                                                  
                                                  125,376Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                                  
                                                  
                                                  5,273
                                                  
                                                  
                                                  
                                                  (1,846
                                                  )
                                                  
                                                  
                                                  3,427Net
      change in unrealized holding (losses) gains on debt securities
      available for sale
                                                  
                                                  
                                                  130,150
                                                  
                                                  
                                                  
                                                  (45,890
                                                  )
                                                  
                                                  
                                                  84,260Unrealized
      holding (losses) gains on equity securities available for sale
      arising during the period
                                                  
                                                  
                                                  (135
                                                  )
                                                  
                                                  
                                                  48
                                                  
                                                  
                                                  
                                                  (87
                                                  )Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                                                  
                                                  
                                                  —
                                                  
                                                  
                                                  
                                                  —
                                                  
                                                  
                                                  
                                                  —Net
      change in unrealized holding (losses) gains on equity securities
      available for sale
                                                  
                                                  
                                                  (135
                                                  )
                                                  
                                                  
                                                  48
                                                  
                                                  
                                                  
                                                  (87
                                                  )Unrealized
      gains and losses on derivatives used in cash flow hedging relationships
      arising during the period
                                                  
                                                  
                                                  (46,799
                                                  )
                                                  
                                                  
                                                  16,380
                                                  
                                                  
                                                  
                                                  (30,419
                                                  )Change
      in pension and post-retirement benefit plan assets and
      liabilities
                                                  
                                                  
                                                  4,547
                                                  
                                                  
                                                  
                                                  (1,592
                                                  )
                                                  
                                                  
                                                  2,955Total
      other comprehensive (loss) income
                                                  
                                                  $
                                                  82,315
                                                  
                                                  
                                                  $
                                                  (29,147
                                                  )
                                                  
                                                  $
                                                  53,168
  Activity
in accumulated other comprehensive income, net of tax, for the six months ended
June 30, 2010 and 2009, were as follows:
 
 AccumulatedUnrealized
                                                                
                                                                
                                                                UnrealizedUnrealized
                                                                
                                                                
                                                                Unrealized
                                                                
                                                                
                                                                gains
      and
                                                                
                                                                
                                                                Losses
      forgains
      and
                                                                
                                                                
                                                                gains
      and
                                                                
                                                                
                                                                losses
      on
                                                                
                                                                
                                                                Pension
      andlosses
      on
                                                                
                                                                
                                                                losses
      on
                                                                
                                                                
                                                                cash
      flow
                                                                
                                                                
                                                                Other
      Post-debt
                                                                
                                                                
                                                                equity
                                                                
                                                                
                                                                hedging
                                                                
                                                                
                                                                retirement(in
      thousands)
                                                                
                                                                securities
                                                                
                                                                
                                                                securities
                                                                
                                                                
                                                                derivatives
                                                                
                                                                
                                                                obligations
                                                                
                                                                
                                                                TotalBalance,
      December 31, 2008
                                                                
                                                                $
                                                                (207,427
                                                                )
                                                                
                                                                $
                                                                (329
                                                                )
                                                                
                                                                $
                                                                44,638
                                                                
                                                                
                                                                $
                                                                (163,575
                                                                )
                                                                
                                                                $
                                                                (326,693
                                                                )Cumulative
      effect of change in accounting principle for OTTI debt
      securities
                                                                
                                                                
                                                                (3,541
                                                                )
                                                                
                                                                
                                                                —
                                                                
                                                                
                                                                
                                                                —
                                                                
                                                                
                                                                
                                                                —
                                                                
                                                                
                                                                
                                                                (3,541
                                                                )Period
      change
                                                                
                                                                
                                                                84,260
                                                                
                                                                
                                                                
                                                                (87
                                                                )
                                                                
                                                                
                                                                (30,419
                                                                )
                                                                
                                                                
                                                                2,955
                                                                
                                                                
                                                                
                                                                56,709Balance,
      June 30, 2009
                                                                
                                                                
                                                                (126,708
                                                                )
                                                                
                                                                
                                                                (416
                                                                )
                                                                
                                                                
                                                                14,219
                                                                
                                                                
                                                                
                                                                (160,620
                                                                )
                                                                
                                                                
                                                                (273,525
                                                                )Balance,
      December 31, 2009
                                                                
                                                                
                                                                (103,060
                                                                )
                                                                
                                                                
                                                                (322
                                                                )
                                                                
                                                                
                                                                58,865
                                                                
                                                                
                                                                
                                                                (112,468
                                                                )
                                                                
                                                                
                                                                (156,985
                                                                )Cumulative
      effect of change in accounting principle for consolidation of variable
      interest entities
                                                                
                                                                
                                                                (4,249
                                                                )
                                                                
                                                                
                                                                —
                                                                
                                                                
                                                                
                                                                —
                                                                
                                                                
                                                                
                                                                —
                                                                
                                                                
                                                                
                                                                (4,249
                                                                )Period
      change
                                                                
                                                                
                                                                73,850
                                                                
                                                                
                                                                
                                                                (120
                                                                )
                                                                
                                                                
                                                                774
                                                                
                                                                
                                                                
                                                                2,332
                                                                
                                                                
                                                                
                                                                76,836Balance,
      June 30, 2010
                                                                
                                                                $
                                                                (33,459
                                                                )
                                                                
                                                                $
                                                                (442
                                                                )
                                                                
                                                                $
                                                                59,639
                                                                
                                                                
                                                                $
                                                                (110,136
                                                                )
                                                                
                                                                $
                                                                (84,398
                                                                )
  19
  9.
SHAREHOLDERS’ EQUITY
  Change
in Shares Authorized
  During
the second quarter of 2010, Huntington amended its charter to, among other
things, increase the number of authorized shares of common stock from
1.0 billion shares to 1.5 billion shares.
  Issuance
of Common Stock
  During
2009, Huntington completed several transactions to increase capital, in
particular, common equity.
  In the
2009 third quarter, Huntington completed an offering of 109.5 million
shares of its common stock at a price to the public of $4.20 per share, or
$460.1 million in aggregate gross proceeds. In the 2009 second quarter,
Huntington completed an offering of 103.5 million shares of its common
stock at a price to the public of $3.60 per share, or $372.6 million in
aggregate gross proceeds.
  Also,
during 2009, Huntington completed three separate discretionary equity issuance
programs. These programs allowed the Company to take advantage of market
opportunities to issue a total of 92.7 million new shares of common stock
worth a total of $345.8 million. Sales of the common shares were made
through ordinary brokers’ transactions on the NASDAQ Global Select Market or
otherwise at the prevailing market prices.
  Conversion
of Convertible Preferred Stock
  In 2008,
Huntington completed the public offering of 569,000 shares of 8.50%
Series A Non-Cumulative Perpetual Convertible Preferred Stock
(Series A Preferred Stock) with a liquidation preference of $1,000 per
share, resulting in an aggregate liquidation preference of
$569 million.
  During
the 2009 first and second quarters, Huntington entered into agreements with
various institutional investors exchanging shares of common stock for shares of
the Series A Preferred Stock held by the institutional investors. The table
below provides details of the aggregate activities:
 
 First
                              
                              
                              Second(in thousands)
                              
                              Quarter 2009
                              
                              
                              Quarter 2009
                              
                              
                              TotalPreferred
      shares exchanged
                              
                              
                              114
                              
                              
                              
                              92
                              
                              
                              
                              206Common
      shares issued:At
      stated convertible option
                              
                              
                              9,547
                              
                              
                              
                              7,730
                              
                              
                              
                              17,277As
      deemed dividend
                              
                              
                              15,044
                              
                              
                              
                              8,751
                              
                              
                              
                              23,795Total
      common shares issued:
                              
                              
                              24,591
                              
                              
                              
                              16,481
                              
                              
                              
                              41,072Deemed
      dividend
                              
                              $
                              27,742
                              
                              
                              $
                              28,293
                              
                              
                              $
                              56,035
  Each
share of the Series A Preferred Stock is non-voting and may be converted at
any time, at the option of the holder, into 83.668 shares of common stock of
Huntington, which represents an approximate initial conversion price of $11.95
per share of common stock (for a total of approximately 30.3 million shares
at June 30, 2010). The conversion rate and conversion price will be subject
to adjustments in certain circumstances. On or after April 15, 2013, at the
option of Huntington, the Series A Preferred Stock will be subject to
mandatory conversion into Huntington’s common stock at the prevailing conversion
rate, if the closing price of Huntington’s common stock exceeds 130% of the
conversion price for 20 trading days during any 30 consecutive trading day
period.
  Troubled
Asset Relief Program (TARP)
  In 2008,
Huntington received $1.4 billion of equity capital by issuing to the U.S.
Department of Treasury 1.4 million shares of Huntington’s 5.00%
Series B Non-voting Cumulative Preferred Stock, par value $0.01 per share
with a liquidation preference of $1,000 per share, and a ten-year warrant to
purchase up to 23.6 million shares of Huntington’s common stock, par value
$0.01 per share, at an exercise price of $8.90 per share. The proceeds received
were allocated to the preferred stock and additional paid-in-capital based on
their relative fair values. The resulting discount on the preferred stock is
amortized against retained earnings and is reflected as “Dividends on preferred
shares”, resulting in additional dilution to Huntington’s earnings per share.
The warrants are immediately exercisable, in whole or in part, over a term of
10 years. The warrants are included in Huntington’s diluted average common
shares outstanding using the treasury stock method. Both the preferred
securities and warrants were accounted for as additions to Huntington’s
regulatory Tier 1 and Total capital.
  20
  The
Series B Preferred Stock is not mandatorily redeemable and will pay
cumulative dividends at a rate of 5% per year for the first five years and 9%
per year thereafter. With regulatory approval, Huntington may redeem the
Series B Preferred Stock at par with any unamortized discount recognized as
a deemed dividend in the period of redemption. The Series B Preferred Stock
rank on equal priority with Huntington’s existing 8.50% Series A
Non-Cumulative Perpetual Convertible Preferred Stock.
  A company
that participates in the TARP must adopt certain standards for executive
compensation, including (a) prohibiting “golden parachute” payments as
defined in the Emergency Economic Stabilization Act of 2008 (EESA) to
senior executive officers; (b) requiring recovery of any compensation paid
to senior executive officers based on criteria that is later proven to be
materially inaccurate; (c) prohibiting incentive compensation that
encourages unnecessary and excessive risks that threaten the value of the
financial institution, and (d) accepting restrictions on the payment of
dividends and the repurchase of common stock. As of June 30, 2010,
Huntington is in compliance with all TARP standards, restrictions, and dividend
payments.
  Share
Repurchase Program
  As a
condition to participate in the TARP, Huntington may not repurchase any
additional shares without prior approval from the Department of Treasury.
Huntington did not repurchase any shares for the three months ended
June 30, 2010. On February 18, 2009, the board of directors terminated
the previously authorized program for the repurchase of up to 15 million
shares of common stock (the 2006 Repurchase Program).
  10.
EARNINGS (LOSS) PER SHARE
  Basic
earnings (loss) per share is the amount of earnings (loss) (adjusted for
dividends declared on preferred stock) available to each share of common stock
outstanding during the reporting period. Diluted earnings (loss) per share
is the amount of earnings (loss) available to each share of common stock
outstanding during the reporting period adjusted to include the effect of
potentially dilutive common shares. Potentially dilutive common shares include
incremental shares issued for stock options, restricted stock units,
distributions from deferred compensation plans, and the conversion of the
Company’s convertible preferred stock and warrants (See Note 9). Potentially
dilutive common shares are excluded from the computation of diluted earnings per
share in periods in which the effect would be antidilutive. For diluted earnings
(loss) per share, net income (loss) available to common shares can be
affected by the conversion of the Company’s convertible preferred stock. Where
the effect of this conversion would be dilutive, net income
(loss) available to common shareholders is adjusted by the associated
preferred dividends. The calculation of basic and diluted earnings
(loss) per share for each of the three months and six months ended
June 30, 2010 and 2009 was as follows:
 
 Three
      Months Ended
                                          
                                          
                                          Six
      Months EndedJune
      30,
                                          
                                          
                                          June
      30,(in
      thousands, except per share amounts)
                                          
                                          2010
                                          
                                          
                                          2009
                                          
                                          
                                          2010
                                          
                                          
                                          2009Basic
      earnings (loss) per common shareNet
      income (loss)
                                          
                                          $
                                          48,764
                                          
                                          
                                          $
                                          (125,095
                                          )
                                          
                                          $
                                          88,501
                                          
                                          
                                          $
                                          (2,558,302
                                          )Preferred
      stock dividends and amortization of discount
                                          
                                          
                                          (29,426
                                          )
                                          
                                          
                                          (57,451
                                          )
                                          
                                          
                                          (58,783
                                          )
                                          
                                          
                                          (116,244
                                          )Net
      income (loss) available to common shareholders
                                          
                                          $
                                          19,338
                                          
                                          
                                          $
                                          (182,546
                                          )
                                          
                                          $
                                          29,718
                                          
                                          
                                          $
                                          (2,674,546
                                          )Average
      common shares issued and outstanding
                                          
                                          
                                          716,580
                                          
                                          
                                          
                                          459,246
                                          
                                          
                                          
                                          716,450
                                          
                                          
                                          
                                          413,083Basic
      earnings (loss) per common share
                                          
                                          $
                                          0.03
                                          
                                          
                                          $
                                          (0.40
                                          )
                                          
                                          $
                                          0.04
                                          
                                          
                                          $
                                          (6.47
                                          )Diluted
      earnings (loss) per common shareNet
      income (loss) available to common shareholders
                                          
                                          $
                                          19,338
                                          
                                          
                                          $
                                          (182,546
                                          )
                                          
                                          $
                                          29,718
                                          
                                          
                                          $
                                          (2,674,546
                                          )Net
      income (loss) applicable to diluted earnings per
share
                                          
                                          $
                                          19,338
                                          
                                          
                                          $
                                          (182,546
                                          )
                                          
                                          $
                                          29,718
                                          
                                          
                                          $
                                          (2,674,546
                                          )Average
      common shares issued and outstanding
                                          
                                          
                                          716,580
                                          
                                          
                                          
                                          459,246
                                          
                                          
                                          
                                          716,450
                                          
                                          
                                          
                                          413,083Dilutive
      potential common shares:Stock
      options and restricted stock units
                                          
                                          
                                          1,957
                                          
                                          
                                          
                                          —
                                          
                                          
                                          
                                          1,685
                                          
                                          
                                          
                                          —Shares
      held in deferred compensation plans
                                          
                                          
                                          850
                                          
                                          
                                          
                                          —
                                          
                                          
                                          
                                          855
                                          
                                          
                                          
                                          —Dilutive
      potential common shares:
                                          
                                          
                                          2,807
                                          
                                          
                                          
                                          —
                                          
                                          
                                          
                                          2,540
                                          
                                          
                                          
                                          —Total
      diluted average common shares issued and outstanding
                                          
                                          
                                          719,387
                                          
                                          
                                          
                                          459,246
                                          
                                          
                                          
                                          718,990
                                          
                                          
                                          
                                          413,083Diluted
      earnings (loss) per common share
                                          
                                          $
                                          0.03
                                          
                                          
                                          $
                                          (0.40
                                          )
                                          
                                          $
                                          0.04
                                          
                                          
                                          $
                                          (6.47
                                          )
  21
  Due to
the loss attributable to common shareholders for the three months and six months
ended 2009, no potentially dilutive shares are included in loss per share
calculations for those periods as including such shares in the calculation would
reduce the reported loss per share. Approximately 19.2 million, and
23.3 million options to purchase shares of common stock outstanding at the
end of June 30, 2010, and 2009, respectively, were not included in the
computation of diluted earnings per share because the effect would be
antidilutive. The weighted average exercise price for these options was $19.22
per share, and $18.62 per share at the end of each respective
period.
  11.
SHARE-BASED COMPENSATION
  Huntington
sponsors nonqualified and incentive share-based compensation plans. These plans
provide for the granting of stock options and other awards to officers,
directors, and other employees. Compensation costs are included in personnel
costs on the condensed consolidated statements of income. Stock options are
granted at the closing market price on the date of the grant. Options granted
typically vest ratably over three years or when other conditions are met.
Options granted prior to May 2004 have a term of ten years. All options
granted after May 2004 have a term of seven years.
  Huntington
uses the Black-Scholes option-pricing model to value share-based compensation
expense. This model assumes that the estimated fair value of options is
amortized over the options’ vesting periods. Forfeitures are estimated at the
date of grant based on historical rates and reduce the compensation expense
recognized. The risk-free interest rate is based on the U.S. Treasury yield
curve in effect at the date of grant. Expected volatility is based on the
estimated volatility of Huntington’s stock over the expected term of the option.
The expected dividend yield is based on the dividend rate and stock price at the
date of the grant. The following table illustrates the weighted-average
assumptions used in the option-pricing model for options granted in the three
months and six months ended June 30, 2010, and 2009.
 
 Three
      Months Ended
                              
                              
                              Six
      Months EndedJune
      30,
                              
                              
                              June
      30,2010
                              
                              
                              2009
                              
                              
                              2010
                              
                              
                              2009AssumptionsRisk-free
      interest rate
                              
                              
                              2.83
                              %
                              
                              
                              2.63
                              %
                              
                              
                              2.90
                              %
                              
                              
                              2.03
                              %Expected
      dividend yield
                              
                              
                              0.69
                              
                              
                              
                              1.20
                              
                              
                              
                              0.81
                              
                              
                              
                              0.84Expected
      volatility of Huntington’s common stock
                              
                              
                              60.0
                              
                              
                              
                              35.0
                              
                              
                              
                              60.0
                              
                              
                              
                              35.0Expected
      option term (years)
                              
                              
                              6.0
                              
                              
                              
                              6.0
                              
                              
                              
                              6.0
                              
                              
                              
                              6.0Weighted-average
      grant date fair value per share
                              
                              $
                              3.19
                              
                              
                              $
                              1.18
                              
                              
                              $
                              2.76
                              
                              
                              $
                              1.66
  The
following table illustrates total share-based compensation expense and related
tax benefit for the three months and six months ended June 30, 2010 and
2009:
 
 Three
      Months Ended
                                        
                                        
                                        Six
      Months EndedJune
      30,
                                        
                                        
                                        June
      30,(in
      thousands)
                                        
                                        2010
                                        
                                        
                                        2009
                                        
                                        
                                        2010
                                        
                                        
                                        2009Share-based
      compensation expense
                                        
                                        $
                                        3,676
                                        
                                        
                                        $
                                        (183
                                        )
                                        
                                        $
                                        6,609
                                        
                                        
                                        $
                                        2,640Tax
      (expense) benefit
                                        
                                        
                                        1,287
                                        
                                        
                                        
                                        (64
                                        )
                                        
                                        
                                        2,313
                                        
                                        
                                        
                                        924
  As a
result of increased employee turnover, during the 2009 second quarter Huntington
updated its forfeiture rate assumption and adjusted share-based compensation
expense to account for the higher forfeiture rate. This resulted in a reduction
to share-based compensation expense of $2.8 million.
  22
  Huntington’s
stock option activity and related information for the six months ended
June 30, 2010, was as follows:
  Weighted-Weighted-
                              
                              
                              AverageAverage
                              
                              
                              Remaining
                              
                              
                              AggregateExercise
                              
                              
                              Contractual
                              
                              
                              Intrinsic(in
      thousands, except per share amounts)
                              
                              Options
                              
                              
                              Price
                              
                              
                              Life
      (Years)
                              
                              
                              ValueOutstanding
      at January 1, 2010
                              
                              
                              23,722
                              
                              
                              $
                              17.21Granted
                              
                              
                              590
                              
                              
                              
                              5.11Exercised
                              
                              
                              —
                              
                              
                              
                              —Forfeited/expired
                              
                              
                              (1,742
                              )
                              
                              
                              15.75Outstanding
      at June 30, 2010
                              
                              
                              22,570
                              
                              
                              $
                              17.00
                              
                              
                              
                              2.9
                              
                              
                              $
                              4,136Vested
      and expected to vest at June 30, 2010 (1)
                              
                              
                              21,407
                              
                              
                              $
                              17.66
                              
                              
                              
                              2.7
                              
                              
                              $
                              3,024Exercisable
      at June 30, 2010
                              
                              
                              17,950
                              
                              
                              $
                              19.74
                              
                              
                              
                              2.1
                              
                              
                              $
                              144
 
 (1)
              The number of options expected to
      vest includes an estimate of expected
  forfeitures.
  The
aggregate intrinsic value represents the amount by which the fair value of
underlying stock exceeds the “in-the-money” option exercise price. There were no
exercises of stock options for the three months and six months ended
June 30, 2010 or 2009.
  Huntington
also grants restricted stock units and awards. Restricted stock units and awards
are issued at no cost to the recipient, and can be settled only in shares at the
end of the vesting period. Restricted stock awards provide the holder with full
voting rights and cash dividends during the vesting period. Restricted stock
units do not provide the holder with voting rights or cash dividends during the
vesting period and are subject to certain service restrictions. The fair value
of the restricted stock units and awards is the closing market price of the
Company’s common stock on the date of award.
  The
following table summarizes the status of Huntington’s restricted stock units and
restricted stock awards as of June 30, 2010, and activity for the six
months ended June 30, 2010:
 
 Weighted-
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  Weighted-Average
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  AverageRestricted
                                                  
                                                  
                                                  Grant
      Date
                                                  
                                                  
                                                  Restricted
                                                  
                                                  
                                                  Grant
      DateStock
                                                  
                                                  
                                                  Fair
      Value
                                                  
                                                  
                                                  Stock
                                                  
                                                  
                                                  Fair
      Value(in
      thousands, except per share amounts)
                                                  
                                                  Units
                                                  
                                                  
                                                  Per
      Share
                                                  
                                                  
                                                  Awards
      (1)
                                                  
                                                  
                                                  Per
      ShareNonvested
      at January 1, 2010
                                                  
                                                  
                                                  2,717
                                                  
                                                  
                                                  $
                                                  7.50
                                                  
                                                  
                                                  
                                                  174
                                                  
                                                  
                                                  $
                                                  3.45Granted
                                                  
                                                  
                                                  239
                                                  
                                                  
                                                  
                                                  5.64
                                                  
                                                  
                                                  
                                                  188
                                                  
                                                  
                                                  
                                                  5.64Released
                                                  
                                                  
                                                  (23
                                                  )
                                                  
                                                  
                                                  12.66
                                                  
                                                  
                                                  
                                                  (51
                                                  )
                                                  
                                                  
                                                  4.00Forfeited
                                                  
                                                  
                                                  (73
                                                  )
                                                  
                                                  
                                                  8.52
                                                  
                                                  
                                                  
                                                  —
                                                  
                                                  
                                                  
                                                  —Nonvested
      at June 30, 2010
                                                  
                                                  
                                                  2,860
                                                  
                                                  
                                                  $
                                                  7.28
                                                  
                                                  
                                                  
                                                  311
                                                  
                                                  
                                                  $
                                                  4.69
 
 (1)
              Includes restricted stock awards
      granted under the Amended and Restated 2007 Stock and Long-Term Incentive
      Plan to certain executives as a portion of their annual base salary. These
      awards are 100% vested as of the pay date and not subject to any
      requirement of future service. However, the shares are subject to
      restrictions regarding sale, transfer, pledge, or disposition until
      certain conditions are met.
  The
weighted-average grant date fair value of nonvested shares granted for the six
months ended June 30, 2010, and 2009, were $5.64, and $2.52, respectively.
The total fair value of awards vested during the six months ended June 30,
2010 and 2009, was $0.3 million, and $0.2 million, respectively. As of
June 30, 2010, the total unrecognized compensation cost related to
nonvested awards was $7.0 million with a weighted-average expense
recognition period of 1.36 years.
  Of the
remaining 47.7 million shares of common stock authorized for issuance at
June 30, 2010, 25.8 million were outstanding and 21.9 million
were available for future grants. Huntington issues shares to fulfill stock
option exercises and restricted stock units from available authorized shares. At
June 30, 2010, the Company believes there are adequate authorized shares to
satisfy anticipated stock option exercises in 2010.
  23
  12.
BENEFIT PLANS
  Huntington
sponsors the Huntington Bancshares Retirement Plan (the Plan or Retirement
Plan), a non-contributory defined benefit pension plan covering substantially
all employees hired or rehired prior to January 1, 2010. The Plan provides
benefits based upon length of service and compensation levels. The funding
policy of Huntington is to contribute an annual amount that is at least equal to
the minimum funding requirements but not more than that deductible under the
Internal Revenue Code.
  In
addition, Huntington has an unfunded defined benefit post-retirement plan that
provides certain health care and life insurance benefits to retired employees
who have attained the age of 55 and have at least 10 years of vesting
service under this plan. For any employee retiring on or after January 1,
1993, post-retirement health-care benefits are based upon the employee’s number
of months of service and are limited to the actual cost of coverage. Life
insurance benefits are a percentage of the employee’s base salary at the time of
retirement, with a maximum of $50,000 of coverage. The employer paid portion of
the post-retirement health and life insurance plan was eliminated for employees
retiring on and after March 1, 2010. Eligible employees retiring on and
after March 1, 2010, who elect retiree medical coverage will pay the full
cost of this coverage. The company will not provide any employer paid life
insurance to employees retiring on and after March 1, 2010. Eligible
employees will be able to convert or port their existing life insurance at their
own expense under the same terms that are available to all terminated
employees.
  Beginning
January 1, 2010, there were changes to the way the future early and normal
retirement benefit are calculated under the Retirement Plan for service on and
after January 1, 2010. While these changes did not affect the benefit
earned under the Retirement Plan through December 31, 2009, there will be a
reduction in future benefits. In addition, employees hired or rehired on and
after January 1, 2010 are not eligible to participate in the Retirement
Plan.
  The
following table shows the components of net periodic benefit expense of the Plan
and the Post-Retirement Benefit Plan:
 
 Pension
      Benefits
                              
                              
                              Post
      Retirement BenefitsThree
      Months Ended
                              
                              
                              Three
      Months EndedJune
      30,
                              
                              
                              June
      30,(in
      thousands)
                              
                              2010
                              
                              
                              2009
                              
                              
                              2010
                              
                              
                              2009Service
      cost
                              
                              $
                              5,051
                              
                              
                              $
                              6,154
                              
                              
                              $
                              —
                              
                              
                              $
                              465Interest
      cost
                              
                              
                              7,217
                              
                              
                              
                              7,056
                              
                              
                              
                              433
                              
                              
                              
                              895Expected
      return on plan assets
                              
                              
                              (10,528
                              )
                              
                              
                              (10,551
                              )
                              
                              
                              —
                              
                              
                              
                              —Amortization
      of transition asset
                              
                              
                              2
                              
                              
                              
                              1
                              
                              
                              
                              —
                              
                              
                              
                              276Amortization
      of prior service cost
                              
                              
                              (1,442
                              )
                              
                              
                              120
                              
                              
                              
                              (338
                              )
                              
                              
                              95Amortization
      of gains
                              
                              
                              3,747
                              
                              
                              
                              —
                              
                              
                              
                              (176
                              )
                              
                              
                              (231
                              )Settlements
                              
                              
                              1,725
                              
                              
                              
                              1,725
                              
                              
                              
                              —
                              
                              
                              
                              —Recognized
      net actuarial loss (gain)
                              
                              
                              —
                              
                              
                              
                              1,874
                              
                              
                              
                              —
                              
                              
                              
                              —Benefit
      expense
                              
                              $
                              5,772
                              
                              
                              $
                              6,379
                              
                              
                              $
                              (81
                              )
                              
                              $
                              1,500
 
 Pension
      Benefits
                              
                              
                              Post
      Retirement BenefitsSix
      Months Ended
                              
                              
                              Six
      Months EndedJune
      30,
                              
                              
                              June
      30,(in
      thousands)
                              
                              2010
                              
                              
                              2009
                              
                              
                              2010
                              
                              
                              2009Service
      cost
                              
                              $
                              10,102
                              
                              
                              $
                              12,309
                              
                              
                              $
                              —
                              
                              
                              $
                              930Interest
      cost
                              
                              
                              14,434
                              
                              
                              
                              14,111
                              
                              
                              
                              866
                              
                              
                              
                              1,791Expected
      return on plan assets
                              
                              
                              (21,056
                              )
                              
                              
                              (21,102
                              )
                              
                              
                              —
                              
                              
                              
                              —Amortization
      of transition asset
                              
                              
                              4
                              
                              
                              
                              2
                              
                              
                              
                              —
                              
                              
                              
                              552Amortization
      of prior service cost
                              
                              
                              (2,884
                              )
                              
                              
                              241
                              
                              
                              
                              (676
                              )
                              
                              
                              189Amortization
      of gains
                              
                              
                              7,494
                              
                              
                              
                              —
                              
                              
                              
                              (351
                              )
                              
                              
                              (462
                              )Settlements
                              
                              
                              3,450
                              
                              
                              
                              3,450
                              
                              
                              
                              —
                              
                              
                              
                              —Recognized
      net actuarial loss (gain)
                              
                              
                              —
                              
                              
                              
                              3,748
                              
                              
                              
                              —
                              
                              
                              
                              —Benefit
      expense
                              
                              $
                              11,544
                              
                              
                              $
                              12,759
                              
                              
                              $
                              (161
                              )
                              
                              $
                              3,000
  There is
no required minimum contribution for 2010 to the Retirement
Plan.
  24
  The
Huntington National Bank, as trustee, held all Plan assets at June 30,
2010, and December 31, 2009. The Plan assets consisted of investments in a
variety of Huntington mutual funds and Huntington common stock as
follows:
 
 Fair
      Value(in
      thousands)
                            
                            June
      30, 2010
                            
                            
                            December
      31, 2009Cash
      equivalents:Huntington
      funds — money market
                            
                            $
                            2,736
                            
                            
                            
                            1
                            %
                            
                            $
                            11,304
                            
                            
                            
                            2
                            %Other
                            
                            
                            26
                            
                            
                            
                            —
                            
                            
                            
                            2,777
                            
                            
                            
                            1Fixed
      income:Huntington
      funds — fixed income funds
                            
                            
                            132,883
                            
                            
                            
                            31
                            
                            
                            
                            125,323
                            
                            
                            
                            28Corporate
      obligations
                            
                            
                            1,084
                            
                            
                            
                            —
                            
                            
                            
                            1,315
                            
                            
                            
                            —U.S.
      Government Agencies
                            
                            
                            1,013
                            
                            
                            
                            —
                            
                            
                            
                            497
                            
                            
                            
                            —Equities:Huntington
      funds — equity funds
                            
                            
                            266,183
                            
                            
                            
                            63
                            
                            
                            
                            256,222
                            
                            
                            
                            57Huntington
      funds — equity mutual funds
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            31,852
                            
                            
                            
                            7Other
      — equity mutual funds
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            122
                            
                            
                            
                            —Huntington
      common stock
                            
                            
                            21,756
                            
                            
                            
                            5
                            
                            
                            
                            14,347
                            
                            
                            
                            3Other
      common stock
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            10,355
                            
                            
                            
                            2Fair
      value of plan assets
                            
                            $
                            425,681
                            
                            
                            
                            100
                            %
                            
                            $
                            454,114
                            
                            
                            
                            100
                            %
  Investments
of the Plan are accounted for at cost on the trade date and are reported at fair
value. All of the Plan’s investments at June 30, 2010 are classified as
Level 1 within the fair value hierarchy. In general, investments of the Plan are
exposed to various risks, such as interest rate risk, credit risk, and overall
market volatility. Due to the level of risk associated with certain investments,
it is reasonably possible that changes in the values of investments will occur
in the near term and that such changes could materially affect the amounts
reported in the Plan assets.
  The
investment objective of the Plan is to maximize the return on Plan assets over a
long time horizon, while meeting the Plan obligations. At June 30, 2010,
Plan assets were invested 68% in equity investments and 32% in bonds, with an
average duration of 3.1 years on bond investments. Although it may
fluctuate with market conditions, management has targeted a long-term allocation
of Plan assets of 69% in equity investments and 31% in bond
investments.
  Huntington
also sponsors other nonqualified retirement plans, the most significant being
the Supplemental Executive Retirement Plan (SERP) and the Supplemental
Retirement Income Plan (SRIP). The SERP provides certain former officers and
directors, and the SRIP provides certain current officers and directors of
Huntington and its subsidiaries with defined pension benefits in excess of
limits imposed by federal tax law. The cost of providing these plans was
$0.9 million and $1.0 million for the three months ended June 30, 2010
and 2009, respectively. For the respective six-month periods, the cost was
$1.6 million and $1.8 million.
  Huntington
has a defined contribution plan that is available to eligible employees. In the
first quarter of 2009, the Plan was amended to eliminate employer matching
contributions effective on or after March 15, 2009. Prior to March 15,
2009, Huntington matched participant contributions, up to the first 3% of base
pay contributed to the plan. Half of the employee contribution was matched on
the 4th and 5th percent of base pay contributed to the plan. Effective
May 1, 2010, Huntington reinstated the employer matching contribution to
the defined contribution plan. The cost of providing the plan for the second
quarter of 2010 was $2.1 million. For the six months ended June 30,
2010 and 2009, the cost of providing the plan was $2.1 million and
$3.1 million, respectively.
  13.
FAIR VALUES OF ASSETS AND LIABILITIES
  Huntington
follows the fair value accounting guidance under ASC 820 and ASC
825.
  Fair
value is defined as the exchange price that would be received for an asset or
paid to transfer a liability (an exit price) in the principal or most
advantageous market for the asset or liability in an orderly transaction between
market participants on the measurement date. A three-level valuation hierarchy
was established for disclosure of fair value measurements. The valuation
hierarchy is based upon the transparency of inputs to the valuation of an asset
or liability as of the measurement date. The three levels are defined as
follows:
  Level 1 — inputs to the
valuation methodology are quoted prices (unadjusted) for identical assets
or liabilities in active markets.
  Level 2 — inputs to the
valuation methodology include quoted prices for similar assets and liabilities
in active markets, and inputs that are observable for the asset or liability,
either directly or indirectly, for substantially the full term of the financial
instrument.
  Level 3 — inputs to the
valuation methodology are unobservable and significant to the fair value
measurement.
  25
  A
financial instrument’s categorization within the valuation hierarchy is based
upon the lowest level of input that is significant to the fair value
measurement.
  Following
is a description of the valuation methodologies used for instruments measured at
fair value, as well as the general classification of such instruments pursuant
to the valuation hierarchy.
 
 Financial
      Instrument
                
                Hierarchy
                
                Valuation
      methodologyMortgage
      loans held-for-sale
                
                Level
      2
                
                Huntington
      elected to apply the fair value option for mortgage loans originated with
      the intent to sell which are included in loans held for sale. Mortgage
      loans held-for-sale are estimated using security prices for similar
      product types. At June 30, 2010, mortgage loans held for sale had an
      aggregate fair value of $404.8 million and an aggregate outstanding
      principal balance of $385.9 million. Interest income on these loans
      is recorded in interest and fees on loans and leases. Included in mortgage
      banking income were net gains resulting from changes in fair value of
      these loans, including net realized gains of $34.5 million and
      $55.4 million for the six months ended June 30, 2010 and 2009,
      respectively.Investment Securities &
      Trading Account Securities(1)
                
                Level
      1
                
                Consist
      of U.S. Treasury and other federal agency securities, and money market
      mutual funds which generally have quoted prices.Level
      2
                
                Consist
      of U.S. Government and agency mortgage-backed securities and municipal
      securities for which an active market is not available. Third-party
      pricing services provide a fair value estimate based upon trades of
      similar financial instruments.Level
      3
                
                Consist
      of asset-backed securities, pooled trust-preferred securities, certain
      private label CMOs, and variable rate demand notes for which fair value is
      estimated. Assumptions used to determine the fair value of these
      securities have greater subjectivity due to the lack of observable market
      transactions. Generally, there are only limited trades of similar
      instruments and a discounted cash flow approach is used to determine fair
      value.Automobile loans(2)
                
                Level
      1
                
                Consists
      of certain automobile loan receivables measured at fair value based on
      interest rates available from similarly traded
  securities.Level
      3
                
                Consists
      of certain automobile loan receivables measured at fair value. The key
      assumptions used to determine the fair value of the automobile loan
      receivable included a projection of expected losses and prepayment of the
      underlying loans in the portfolio and a market assumption of interest rate
      spreads.
  26
 
 Financial
      Instrument
                
                Hierarchy
                
                Valuation
      methodologyMortgage Servicing Rights
      (MSRs) (3)
                
                Level
      3
                
                MSRs
      do not trade in an active, open market with readily observable prices.
      Although sales of MSRs do occur, the precise terms and conditions
      typically are not readily available. Fair value is based upon the final
      month-end valuation, which utilizes the month-end curve and prepayment
      assumptions. Based on updated market data and trends, the prepayment
      assumptions were lowered during the second quarter of
  2010.Derivatives (4)
                
                Level
      1
                
                Consist
      of exchange traded contracts and forward commitments to deliver
      mortgage-backed securities which have quoted prices.Level
      2
                
                Consist
      of basic asset and liability conversion swaps and options, and interest
      rate caps. These derivative positions are valued using internally
      developed models that use readily observable market
      parameters.Level
      3
                
                Consist
      primarily of interest rate lock agreements related to mortgage loan
      commitments. The determination of fair value includes assumptions related
      to the likelihood that a commitment will ultimately result in a closed
      loan, which is a significant unobservable assumption.Securitization
      trust notes
                  payable (4)
                
                Level
      1
                
                Consists
      of certain notes payable related to the automobile loans measured at fair
      value. The notes payable are valued based upon Level 1 prices because they
      are actively traded in the
market.
 
 (1)
              Refer to Note 4 for additional
      information.
 
 (2)
              Refer to Note 5 for additional
      information.
 
 (3)
              Refer to Note 14 for additional
      information.
 
 (4)
              Refer to Note 2, 5, and 14 for
      additional information.
  27
  Assets
and Liabilities measured at fair value on a recurring basis
  Assets
and liabilities measured at fair value on a recurring basis at June 30,
2010, December 31, 2009 and June 30, 2009 are summarized
below:
 
 Fair Value Measurements at Reporting Date Using
                            
                            
                            Netting
                            
                            
                            Balance at(in thousands)
                            
                            Level 1
                            
                            
                            Level 2
                            
                            
                            Level 3
                            
                            
                            Adjustments (1)
                            
                            
                            June 30, 2010AssetsMortgage
      loans held for sale
                            
                            $
                            —
                            
                            
                            $
                            404,817
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            404,817Trading
      account securities
                            
                            
                            64,285
                            
                            
                            
                            42,573
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            106,858Investment
      securities
                            
                            
                            2,164,981
                            
                            
                            
                            5,458,143
                            
                            
                            
                            875,679
                            
                            
                            
                            —
                            
                            
                            
                            8,498,803Automobile
      loans
                            
                            
                            470,825
                            
                            
                            
                            —
                            
                            
                            
                            186,388
                            
                            
                            
                            —
                            
                            
                            
                            657,213Mortgage
      servicing rights
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            132,405
                            
                            
                            
                            —
                            
                            
                            
                            132,405Derivative
      assets
                            
                            
                            1,663
                            
                            
                            
                            454,249
                            
                            
                            
                            8,469
                            
                            
                            
                            (84,912
                            )
                            
                            
                            379,469LiabilitiesSecuritization
      trust notes payable
                            
                            
                            494,512
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            494,512Derivative
      liabilities
                            
                            
                            13,682
                            
                            
                            
                            265,499
                            
                            
                            
                            1,977
                            
                            
                            
                            —
                            
                            
                            
                            281,158
 
 Fair Value Measurements at Reporting Date Using
                            
                            
                            Netting
                            
                            
                            Balance at(in thousands)
                            
                            Level 1
                            
                            
                            Level 2
                            
                            
                            Level 3
                            
                            
                            Adjustments (1)
                            
                            
                            December 31, 2009AssetsMortgage
      loans held for sale
                            
                            $
                            —
                            
                            
                            $
                            459,719
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            459,719Trading
      account securities
                            
                            
                            56,009
                            
                            
                            
                            27,648
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            83,657Investment
      securities
                            
                            
                            3,111,845
                            
                            
                            
                            4,203,497
                            
                            
                            
                            895,932
                            
                            
                            
                            —
                            
                            
                            
                            8,211,274Mortgage
      servicing rights
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            176,427
                            
                            
                            
                            —
                            
                            
                            
                            176,427Derivative
      assets
                            
                            
                            7,711
                            
                            
                            
                            341,676
                            
                            
                            
                            995
                            
                            
                            
                            (62,626
                            )
                            
                            
                            287,756Equity
      investments
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            25,872
                            
                            
                            
                            —
                            
                            
                            
                            25,872LiabilitiesDerivative
      liabilities
                            
                            
                            119
                            
                            
                            
                            233,597
                            
                            
                            
                            5,231
                            
                            
                            
                            —
                            
                            
                            
                            238,947
 
 Fair Value Measurements at Reporting Date Using
                            
                            
                            Netting
                            
                            
                            Balance at(in thousands)
                            
                            Level 1
                            
                            
                            Level 2
                            
                            
                            Level 3
                            
                            
                            Adjustments (1)
                            
                            
                            June 30, 2009AssetsMortgage
      loans held for sale
                            
                            $
                            —
                            
                            
                            $
                            545,119
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            545,119Trading
      account securities
                            
                            
                            58,763
                            
                            
                            
                            37,157
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            95,920Investment
      securities
                            
                            
                            2,377,767
                            
                            
                            
                            2,032,372
                            
                            
                            
                            1,096,793
                            
                            
                            
                            —
                            
                            
                            
                            5,506,932Mortgage
      servicing rights
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            196,932
                            
                            
                            
                            —
                            
                            
                            
                            196,932Derivative
      assets
                            
                            
                            7,920
                            
                            
                            
                            337,491
                            
                            
                            
                            3,180
                            
                            
                            
                            (115,701
                            )
                            
                            
                            232,890Equity
      investments
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            28,462
                            
                            
                            
                            —
                            
                            
                            
                            28,462LiabilitiesDerivative
      liabilities
                            
                            
                            1,744
                            
                            
                            
                            236,069
                            
                            
                            
                            7,717
                            
                            
                            
                            (87,887
                            )
                            
                            
                            157,643
 
 (1)
              Amounts represent the impact of
      legally enforceable master netting agreements that allow the Company to
      settle positive and negative positions and cash collateral held or placed
      with the same
counterparties.
  The
tables below present a rollforward of the balance sheet amounts for the three
months and six months ended June 30, 2010 and 2009, for financial
instruments measured on a recurring basis and classified as Level 3. The
classification of an item as Level 3 is based on the significance of the
unobservable inputs to the overall fair value measurement. However, Level 3
measurements may also include observable components of value that can be
validated externally. Accordingly, the gains and losses in the table below
include changes in fair value due in part to observable factors that are part of
the valuation methodology. Transfers in and out of Level 3 are presented in the
tables below at fair value at the beginning of the reporting
period.
  28




Level
      3 Fair Value MeasurementsThree
      Months Ended June 30, 2010Investment
      SecuritiesMortgage
                              
                              
                              
                              
                              
                              
                              Alt-A
                              
                              
                              PooledServicing
                              
                              
                              Derivative
                              
                              
                              Mortgage-
                              
                              
                              Trust-
                              
                              
                              Private
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              Equity(in
      thousands)
                              
                              Rights
                              
                              
                              Instruments
                              
                              
                              backed
                              
                              
                              Preferred
                              
                              
                              Label
      CMO
                              
                              
                              Other
                              
                              
                              Loans
                              
                              
                              InvestmentsBalance,
      beginning of period
                              
                              $
                              162,106
                              
                              
                              $
                              (833
                              )
                              
                              $
                              113,698
                              
                              
                              $
                              105,381
                              
                              
                              $
                              462,731
                              
                              
                              $
                              318,597
                              
                              
                              $
                              183,845
                              
                              
                              $
                              —Total
      gains/losses:Included
      in earnings
                              
                              
                              (29,701
                              )
                              
                              
                              5,547
                              
                              
                              
                              (313
                              )
                              
                              
                              (132
                              )
                              
                              
                              (1,742
                              )
                              
                              
                              —
                              
                              
                              
                              4,845
                              
                              
                              
                              —Included
      in OCI
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              2,611
                              
                              
                              
                              1,776
                              
                              
                              
                              14,277
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Purchases
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Sales
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (793
                              )
                              
                              
                              —
                              
                              
                              
                              (57,394
                              )
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Repayments
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (2,302
                              )
                              
                              
                              —Issuances
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Settlements
                              
                              
                              —
                              
                              
                              
                              1,778
                              
                              
                              
                              (2,973
                              )
                              
                              
                              (315
                              )
                              
                              
                              (23,261
                              )
                              
                              
                              (56,469
                              )
                              
                              
                              —
                              
                              
                              
                              —Balance,
      end of period
                              
                              $
                              132,405
                              
                              
                              $
                              6,492
                              
                              
                              $
                              112,230
                              
                              
                              $
                              106,710
                              
                              
                              $
                              394,611
                              
                              
                              $
                              262,128
                              
                              
                              $
                              186,388
                              
                              
                              $
                              —The
      amount of total gains or losses for the period included in earnings (or
      OCI) attributable to the change in unrealized gains or losses relating to
      assets still held at reporting date
                              
                              $
                              (29,701
                              )
                              
                              $
                              5,330
                              
                              
                              $
                              2,298
                              
                              
                              $
                              1,644
                              
                              
                              $
                              12,535
                              
                              
                              $
                              —
                              
                              
                              $
                              4,845
                              
                              
                              $
                              —
 
 Level
      3 Fair Value MeasurementsThree
      Months Ended June 30, 2009Investment
      SecuritiesMortgage
                              
                              
                              
                              
                              
                              
                              Alt-A
                              
                              
                              PooledServicing
                              
                              
                              Derivative
                              
                              
                              Mortgage-
                              
                              
                              Trust-
                              
                              
                              Private
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              Equity(in
      thousands)
                              
                              Rights
                              
                              
                              Instruments
                              
                              
                              backed
                              
                              
                              Preferred
                              
                              
                              Label
      CMO
                              
                              
                              Other
                              
                              
                              Loans
                              
                              
                              InvestmentsBalance,
      beginning of period
                              
                              $
                              167,838
                              
                              
                              $
                              9,515
                              
                              
                              $
                              355,729
                              
                              
                              $
                              130,497
                              
                              
                              $
                              511,949
                              
                              
                              $
                              257,586
                              
                              
                              $
                              —
                              
                              
                              $
                              32,480Total
      gains/losses:Included
      in earnings
                              
                              
                              32,200
                              
                              
                              
                              (5,843
                              )
                              
                              
                              (974
                              )
                              
                              
                              (12,422
                              )
                              
                              
                              (622
                              )
                              
                              
                              1,298
                              
                              
                              
                              —
                              
                              
                              
                              1,389Included
      in OCI
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (2,727
                              )
                              
                              
                              12,296
                              
                              
                              
                              45,077
                              
                              
                              
                              3,152
                              
                              
                              
                              —
                              
                              
                              
                              —Purchases
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              5,448
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              250Sales
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (72,092
                              )
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (78,675
                              )
                              
                              
                              —
                              
                              
                              
                              —Repayments
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Issuances
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Settlements
                              
                              
                              (3,106
                              )
                              
                              
                              (1,109
                              )
                              
                              
                              (5,871
                              )
                              
                              
                              (1,507
                              )
                              
                              
                              (51,349
                              )
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (5,657
                              )Balance,
      end of period
                              
                              $
                              196,932
                              
                              
                              $
                              2,563
                              
                              
                              $
                              274,065
                              
                              
                              $
                              128,864
                              
                              
                              $
                              510,503
                              
                              
                              $
                              183,361
                              
                              
                              $
                              —
                              
                              
                              $
                              28,462The
      amount of total gains or losses for the period included in earnings (or
      OCI) attributable to the change in unrealized gains or losses relating to
      assets still held at reporting date
                              
                              $
                              32,200
                              
                              
                              $
                              (6,952
                              )
                              
                              $
                              (3,701
                              )
                              
                              $
                              126
                              
                              
                              $
                              44,455
                              
                              
                              $
                              4,450
                              
                              
                              $
                              —
                              
                              
                              $
                              1,389
  29
 
 Level
      3 Fair Value MeasurementsSix
      Months Ended June 30, 2010Investment
      SecuritiesMortgage
                              
                              
                              
                              
                              
                              
                              Alt-A
                              
                              
                              PooledServicing
                              
                              
                              Derivative
                              
                              
                              Mortgage-
                              
                              
                              Trust-
                              
                              
                              Private
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              Equity(in
      thousands)
                              
                              Rights
                              
                              
                              Instruments
                              
                              
                              backed
                              
                              
                              Preferred
                              
                              
                              Label
      CMO
                              
                              
                              Other
                              
                              
                              Loans
                              
                              
                              InvestmentsBalance,
      beginning of period
                              
                              $
                              176,427
                              
                              
                              $
                              (4,236
                              )
                              
                              $
                              116,934
                              
                              
                              $
                              106,091
                              
                              
                              $
                              477,319
                              
                              
                              $
                              195,588
                              
                              
                              $
                              —
                              
                              
                              $
                              25,872Total
      gains/losses:Included
      in earnings
                              
                              
                              (44,022
                              )
                              
                              
                              8,939
                              
                              
                              
                              (912
                              )
                              
                              
                              (3,583
                              )
                              
                              
                              (3,832
                              )
                              
                              
                              —
                              
                              
                              
                              10,104
                              
                              
                              
                              —Included
      in OCI
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              4,057
                              
                              
                              
                              4,517
                              
                              
                              
                              24,967
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Purchases
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Sales
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (2,631
                              )
                              
                              
                              —
                              
                              
                              
                              (57,394
                              )
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Repayments
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (3,735
                              )
                              
                              
                              —Issuances
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Settlements
                              
                              
                              —
                              
                              
                              
                              1,789
                              
                              
                              
                              (5,218
                              )
                              
                              
                              (315
                              )
                              
                              
                              (46,449
                              )
                              
                              
                              (73,024
                              )
                              
                              
                              —
                              
                              
                              
                              —Transfers
      in/out of Level 3 (1)
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              139,564
                              
                              
                              
                              180,019
                              
                              
                              
                              (25,872
                              )Balance,
      end of period
                              
                              $
                              132,405
                              
                              
                              $
                              6,492
                              
                              
                              $
                              112,230
                              
                              
                              $
                              106,710
                              
                              
                              $
                              394,611
                              
                              
                              $
                              262,128
                              
                              
                              $
                              186,388
                              
                              
                              $
                              —The
      amount of total gains or losses for the period included in earnings (or
      OCI) attributable to the change in unrealized gains or losses relating to
      assets still held at reporting date
                              
                              $
                              (44,022
                              )
                              
                              $
                              8,733
                              
                              
                              $
                              3,145
                              
                              
                              $
                              934
                              
                              
                              $
                              21,135
                              
                              
                              $
                              —
                              
                              
                              $
                              10,104
                              
                              
                              $
                              —
 
 (1)
              Transfers in/out of other
      investment securities includes the addition of $323.6 million
      relating to municipal securities, a transfer out of $184.0 million
      related to the consolidation of the 2009 Trust (see Notes 5 and 15), a
      transfer in of $180.0 of loans related to the 2009 Trust, and a transfer
      out of $25.9 million related to Equity Investments no longer valued
      under the fair value guidance of ASC
820.
 
 Level
      3 Fair Value MeasurementsSix
      Months Ended June 30, 2009Investment
      SecuritiesMortgage
                              
                              
                              
                              
                              
                              
                              Alt-A
                              
                              
                              PooledServicing
                              
                              
                              Derivative
                              
                              
                              Mortgage-
                              
                              
                              Trust-
                              
                              
                              Private
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              
                              Equity(in
      thousands)
                              
                              Rights
                              
                              
                              Instruments
                              
                              
                              backed
                              
                              
                              Preferred
                              
                              
                              Label
      CMO
                              
                              
                              Other
                              
                              
                              Loans
                              
                              
                              InvestmentsBalance,
      beginning of period
                              
                              $
                              167,438
                              
                              
                              $
                              8,132
                              
                              
                              $
                              322,421
                              
                              
                              $
                              141,606
                              
                              
                              $
                              523,515
                              
                              
                              $
                              —
                              
                              
                              $
                              —
                              
                              
                              $
                              36,893Total
      gains/losses:Included
      in earnings
                              
                              
                              30,212
                              
                              
                              
                              (3,875
                              )
                              
                              
                              1,992
                              
                              
                              
                              (14,816
                              )
                              
                              
                              103
                              
                              
                              
                              1,298
                              
                              
                              
                              —
                              
                              
                              
                              69Included
      in OCI
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              34,141
                              
                              
                              
                              3,610
                              
                              
                              
                              58,396
                              
                              
                              
                              2,323
                              
                              
                              
                              —
                              
                              
                              
                              —Purchases
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              5,448
                              
                              
                              
                              258,415
                              
                              
                              
                              —
                              
                              
                              
                              1,017Sales
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (72,092
                              )
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (78,675
                              )
                              
                              
                              —
                              
                              
                              
                              —Repayments
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Issuances
                              
                              
                              2,388
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Settlements
                              
                              
                              (3,106
                              )
                              
                              
                              (1,694
                              )
                              
                              
                              (12,397
                              )
                              
                              
                              (1,536
                              )
                              
                              
                              (76,959
                              )
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              (9,517
                              )Balance,
      end of period
                              
                              $
                              196,932
                              
                              
                              $
                              2,563
                              
                              
                              $
                              274,065
                              
                              
                              $
                              128,864
                              
                              
                              $
                              510,503
                              
                              
                              $
                              183,361
                              
                              
                              $
                              —
                              
                              
                              $
                              28,462The
      amount of total gains or losses for the period included in earnings (or
      OCI) attributable to the change in unrealized gains or losses relating to
      assets still held at reporting date
                              
                              $
                              30,212
                              
                              
                              $
                              (5,843
                              )
                              
                              $
                              36,133
                              
                              
                              $
                              (11,206
                              )
                              
                              $
                              58,499
                              
                              
                              $
                              3,621
                              
                              
                              $
                              —
                              
                              
                              $
                              1,389
  30
  The table
below summarizes the classification of gains and losses due to changes in fair
value, recorded in earnings for Level 3 assets and liabilities for the three
months and six months ended June 30, 2010 and 2009.
 
 Level
      3 Fair Value MeasurementsThree
      Months Ended June 30, 2010Investment
      SecuritiesMortgage
                            
                            
                            
                            
                            
                            
                            Alt-A
                            
                            
                            PooledServicing
                            
                            
                            Derivative
                            
                            
                            Mortgage-
                            
                            
                            Trust-
                            
                            
                            Private
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            Equity(in
      thousands)
                            
                            Rights
                            
                            
                            Instruments
                            
                            
                            backed
                            
                            
                            Preferred
                            
                            
                            Label
      CMO
                            
                            
                            Other
                            
                            
                            Loans
                            
                            
                            investmentsClassification
      of gains and losses in earnings:Mortgage
      banking income (loss)
                            
                            $
                            (29,701
                            )
                            
                            $
                            5,547
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —Securities
      gains (losses)
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            (560
                            )
                            
                            
                            —
                            
                            
                            
                            (2,264
                            )
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —Interest
      and fee income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            247
                            
                            
                            
                            (132
                            )
                            
                            
                            522
                            
                            
                            
                            —
                            
                            
                            
                            (3,180
                            )
                            
                            
                            —Noninterest
      income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            8,025
                            
                            
                            
                            —Total
                            
                            $
                            (29,701
                            )
                            
                            $
                            5,547
                            
                            
                            $
                            (313
                            )
                            
                            $
                            (132
                            )
                            
                            $
                            (1,742
                            )
                            
                            $
                            —
                            
                            
                            $
                            4,845
                            
                            
                            $
                            —
 
 Level
      3 Fair Value MeasurementsThree
      Months Ended June 30, 2009Investment
      SecuritiesMortgage
                            
                            
                            
                            
                            
                            
                            Alt-A
                            
                            
                            PooledServicing
                            
                            
                            Derivative
                            
                            
                            Mortgage-
                            
                            
                            Trust-
                            
                            
                            Private
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            Equity(in
      thousands)
                            
                            Rights
                            
                            
                            Instruments
                            
                            
                            backed
                            
                            
                            Preferred
                            
                            
                            Label
      CMO
                            
                            
                            Other
                            
                            
                            Loans
                            
                            
                            investmentsClassification
      of gains and losses in earnings:Mortgage
      banking income (loss)
                            
                            $
                            32,200
                            
                            
                            $
                            (5,843
                            )
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —Securities
      gains (losses)
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            (5,881
                            )
                            
                            
                            (12,455
                            )
                            
                            
                            (1,251
                            )
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —Interest
      and fee income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            4,907
                            
                            
                            
                            33
                            
                            
                            
                            629
                            
                            
                            
                            1,298
                            
                            
                            
                            —
                            
                            
                            
                            —Noninterest
      income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            1,389Total
                            
                            $
                            32,200
                            
                            
                            $
                            (5,843
                            )
                            
                            $
                            (974
                            )
                            
                            $
                            (12,422
                            )
                            
                            $
                            (622
                            )
                            
                            $
                            1,298
                            
                            
                            $
                            —
                            
                            
                            $
                            1,389
 
 Level
      3 Fair Value MeasurementsSix
      Months Ended June 30, 2010Investment
      SecuritiesMortgage
                            
                            
                            
                            
                            
                            
                            Alt-A
                            
                            
                            PooledServicing
                            
                            
                            Derivative
                            
                            
                            Mortgage-
                            
                            
                            Trust-
                            
                            
                            Private
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            Equity(in
      thousands)
                            
                            Rights
                            
                            
                            Instruments
                            
                            
                            backed
                            
                            
                            Preferred
                            
                            
                            Label
      CMO
                            
                            
                            Other
                            
                            
                            Loans
                            
                            
                            investmentsClassification
      of gains and losses in earnings:Mortgage
      banking income (loss)
                            
                            $
                            (44,022
                            )
                            
                            $
                            8,939
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —Securities
      gains (losses)
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            (1,202
                            )
                            
                            
                            (3,215
                            )
                            
                            
                            (4,868
                            )
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —Interest
      and fee income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            290
                            
                            
                            
                            (368
                            )
                            
                            
                            1,036
                            
                            
                            
                            —
                            
                            
                            
                            (4,400
                            )
                            
                            
                            —Noninterest
      income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            14,504
                            
                            
                            
                            —Total
                            
                            $
                            (44,022
                            )
                            
                            $
                            8,939
                            
                            
                            $
                            (912
                            )
                            
                            $
                            (3,583
                            )
                            
                            $
                            (3,832
                            )
                            
                            $
                            —
                            
                            
                            $
                            10,104
                            
                            
                            $
                            —
 
 Level
      3 Fair Value MeasurementsSix
      Months Ended June 30, 2009Investment
      SecuritiesMortgage
                            
                            
                            
                            
                            
                            
                            Alt-A
                            
                            
                            PooledServicing
                            
                            
                            Derivative
                            
                            
                            Mortgage-
                            
                            
                            Trust-
                            
                            
                            Private
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            
                            Equity(in
      thousands)
                            
                            Rights
                            
                            
                            Instruments
                            
                            
                            backed
                            
                            
                            Preferred
                            
                            
                            Label
      CMO
                            
                            
                            Other
                            
                            
                            Loans
                            
                            
                            investmentsClassification
      of gains and losses in earnings:Mortgage
      banking income (loss)
                            
                            $
                            30,212
                            
                            
                            $
                            (3,875
                            )
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —
                            
                            
                            $
                            —Securities
      gains (losses)
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            (7,386
                            )
                            
                            
                            (14,887
                            )
                            
                            
                            (1,251
                            )
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —Interest
      and fee income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            9,378
                            
                            
                            
                            71
                            
                            
                            
                            1,354
                            
                            
                            
                            1,298
                            
                            
                            
                            —
                            
                            
                            
                            —Noninterest
      income
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            —
                            
                            
                            
                            69Total
                            
                            $
                            30,212
                            
                            
                            $
                            (3,875
                            )
                            
                            $
                            1,992
                            
                            
                            $
                            (14,816
                            )
                            
                            $
                            103
                            
                            
                            $
                            1,298
                            
                            
                            $
                            —
                            
                            
                            $
                            69
  31
  Assets
and Liabilities measured at fair value on a nonrecurring basis
  Certain
assets and liabilities may be required to be measured at fair value on a
nonrecurring basis in periods subsequent to their initial recognition. These
assets and liabilities are not measured at fair value on an ongoing basis;
however, they are subject to fair value adjustments in certain circumstances,
such as when there is evidence of impairment.
  Periodically,
Huntington records nonrecurring adjustments of collateral-dependent loans
measured for impairment when establishing the allowance for credit losses. Such
amounts are generally based on the fair value of the underlying collateral
supporting the loan. Appraisals are generally obtained to support the fair value
of the collateral and incorporate measures such as recent sales prices for
comparable properties and cost of construction. In cases where the carrying
value exceeds the fair value of the collateral less cost to sell, an impairment
charge is recognized. Huntington considers these fair values a Level 3 input in
the valuation hierarchy. During the six months ended June 30, 2010 and 2009,
Huntington identified $29.3 million, and $198.1 million, respectively, of
impaired loans for which the fair value is recorded based upon collateral value.
For the six months ended June 30, 2010 and 2009, nonrecurring fair value
impairment of $8.8 million and $93.7 million, respectively, were recorded within
the provision for credit losses.
  Other
real estate owned properties are valued based on appraisals and third party
price opinions, less estimated selling costs. At June 30, 2010 and 2009,
Huntington had $139.1 million and $172.9 million, respectively of OREO assets at
fair value. For the three months ended June 30, 2010 and 2009, losses of $1.2
million and $1.1 million were recorded within noninterest expense. Losses
recorded within noninterest expense for the six months ended June 30, 2010 and
2009 totaled $3.3 million and $28.2 million, respectively.
  At the
end of 2010 second quarter, $398 million of Franklin-related loans ($333.0
million of residential mortgages and $64.7 million of home equity loans) at a
value of $323 million were transferred into loans held for sale. Reflecting the
transfer, these loans were marked to lower of cost or fair value, which resulted
in 2010 second quarter charge-offs of $75.5 million ($60.8 million related to
residential mortgages and $14.7 million related to home equity loans), and the
provision for credit losses was increased by $75.5 million.
  Fair
values of financial instruments
  The
carrying amounts and estimated fair values of Huntington’s financial instruments
at June 30, 2010, December 31, 2009, and June 30, 2009 are presented in the
following table:
  June
      30, 2010
                      
                      
                      December
      31, 2009
                      
                      
                      June
      30, 2009Carrying
                      
                      
                      Fair
                      
                      
                      Carrying
                      
                      
                      Fair
                      
                      
                      Carrying
                      
                      
                      Fair(in
      thousands)
                      
                      Amount
                      
                      
                      Value
                      
                      
                      Amount
                      
                      
                      Value
                      
                      
                      Amount
                      
                      
                      ValueFinancial
      Assets:Cash
      and short-term assets
                      
                      $
                      1,415,244
                      
                      
                      $
                      1,415,244
                      
                      
                      $
                      1,840,719
                      
                      
                      $
                      1,840,719
                      
                      
                      $
                      2,475,686
                      
                      
                      $
                      2,475,686Trading
      account securities
                      
                      
                      106,858
                      
                      
                      
                      106,858
                      
                      
                      
                      83,657
                      
                      
                      
                      83,657
                      
                      
                      
                      95,920
                      
                      
                      
                      95,920Loans
      held for sale
                      
                      
                      777,843
                      
                      
                      
                      777,843
                      
                      
                      
                      461,647
                      
                      
                      
                      461,647
                      
                      
                      
                      559,017
                      
                      
                      
                      559,017Investment
      securities
                      
                      
                      8,803,718
                      
                      
                      
                      8,803,718
                      
                      
                      
                      8,587,914
                      
                      
                      
                      8,587,914
                      
                      
                      
                      5,934,704
                      
                      
                      
                      5,934,704Net
      loans and direct financing leases
                      
                      
                      35,567,535
                      
                      
                      
                      34,048,771
                      
                      
                      
                      35,308,184
                      
                      
                      
                      32,598,423
                      
                      
                      
                      37,577,209
                      
                      
                      
                      32,524,867Derivatives
                      
                      
                      379,469
                      
                      
                      
                      379,469
                      
                      
                      
                      287,756
                      
                      
                      
                      287,756
                      
                      
                      
                      232,764
                      
                      
                      
                      232,764Financial
      Liabilities:Deposits
                      
                      
                      (39,848,507
                      )
                      
                      
                      (40,110,589
                      )
                      
                      
                      (40,493,927
                      )
                      
                      
                      (40,753,365
                      )
                      
                      
                      (39,165,132
                      )
                      
                      
                      (39,513,808
                      )Short-term
      borrowings
                      
                      
                      (1,093,218
                      )
                      
                      
                      (1,085,958
                      )
                      
                      
                      (876,241
                      )
                      
                      
                      (857,254
                      )
                      
                      
                      (862,056
                      )
                      
                      
                      (838,324
                      )Federal
      Home Loan Bank advances
                      
                      
                      (599,798
                      )
                      
                      
                      (599,798
                      )
                      
                      
                      (168,977
                      )
                      
                      
                      (168,977
                      )
                      
                      
                      (926,937
                      )
                      
                      
                      (926,937
                      )Other
      long term debt
                      
                      
                      (2,569,934
                      )
                      
                      
                      (2,562,062
                      )
                      
                      
                      (2,369,491
                      )
                      
                      
                      (2,332,300
                      )
                      
                      
                      (2,508,144
                      )
                      
                      
                      (2,380,252
                      )Subordinated
      notes
                      
                      
                      (1,195,210
                      )
                      
                      
                      (1,008,921
                      )
                      
                      
                      (1,264,202
                      )
                      
                      
                      (989,989
                      )
                      
                      
                      (1,672,887
                      )
                      
                      
                      (1,222,059
                      )Derivatives
                      
                      
                      (281,158
                      )
                      
                      
                      (281,158
                      )
                      
                      
                      (238,947
                      )
                      
                      
                      (238,947
                      )
                      
                      
                      (160,202
                      )
                      
                      
                      (160,202
                      )
  The
short-term nature of certain assets and liabilities result in their carrying
value approximating fair value. These include trading account securities,
customers’ acceptance liabilities, short-term borrowings, bank acceptances
outstanding, Federal Home Loan Bank Advances and cash and short-term assets,
which include cash and due from banks, interest-bearing deposits in banks, and
federal funds sold and securities purchased under resale agreements. Loan
commitments and letters of credit generally have short-term, variable-rate
features and contain clauses that limit Huntington’s exposure to changes in
customer credit quality. Accordingly, their carrying values, which are
immaterial at the respective balance sheet dates, are reasonable estimates of
fair value. Not all the financial instruments listed in the table above are
subject to the disclosure provisions of ASC 820.
  32


Certain
assets, the most significant being operating lease assets, bank owned life
insurance, and premises and equipment, do not meet the definition of a financial
instrument and are excluded from this disclosure. Similarly, mortgage and
non-mortgage servicing rights, deposit base, and other customer relationship
intangibles are not considered financial instruments and are not included above.
Accordingly, this fair value information is not intended to, and does not,
represent Huntington’s underlying value. Many of the assets and liabilities
subject to the disclosure requirements are not actively traded, requiring fair
values to be estimated by management. These estimations necessarily involve the
use of judgment about a wide variety of factors, including but not limited to,
relevancy of market prices of comparable instruments, expected future cash
flows, and appropriate discount rates.
  The
following methods and assumptions were used by Huntington to estimate the fair
value of the remaining classes of financial instruments:
  Loans
and Direct Financing Leases
  Variable-rate
loans that reprice frequently are based on carrying amounts, as adjusted for
estimated credit losses. The fair values for other loans and leases are
estimated using discounted cash flow analyses and employ interest rates
currently being offered for loans and leases with similar terms. The rates take
into account the position of the yield curve, as well as an adjustment for
prepayment risk, operating costs, and profit. This value is also reduced by an
estimate of probable losses and the credit risk associated in the loan and lease
portfolio. The valuation of the loan portfolio reflected discounts that
Huntington believed are consistent with transactions occurring in the market
place.
  Deposits
  Demand
deposits, savings accounts, and money market deposits are, by definition, equal
to the amount payable on demand. The fair values of fixed-rate time deposits are
estimated by discounting cash flows using interest rates currently being offered
on certificates with similar maturities.
  Debt
  Fixed-rate,
long-term debt is based upon quoted market prices, which are inclusive of
Huntington’s credit risk. In the absence of quoted market prices, discounted
cash flows using market rates for similar debt with the same maturities are used
in the determination of fair value.
  14.
DERIVATIVE FINANCIAL INSTRUMENTS
  Derivative
financial instruments are recorded as either other assets or other liabilities,
respectively and measured at fair value.
  Derivatives
used in Asset and Liability Management Activities
  A variety
of derivative financial instruments, principally interest rate swaps, are used
in asset and liability management activities to protect against the risk of
adverse price or interest rate movements. These instruments provide flexibility
in adjusting Huntington’s sensitivity to changes in interest rates without
exposure to loss of principal and higher funding requirements. Huntington
records derivatives at fair value, as further described in Note 13. Collateral
agreements are regularly entered into as part of the underlying derivative
agreements with Huntington’s counterparties to mitigate counter party credit
risk. At June 30, 2010, December 31, 2009 and June 30, 2009,
aggregate credit risk associated with these derivatives, net of collateral that
has been pledged by the counterparty, was $42.8 million, $20.3 million
and $42.4 million, respectively. The credit risk associated with interest
rate swaps is calculated after considering master netting
agreements.
  At
June 30, 2010, Huntington pledged $246.1 million of investment
securities and cash collateral to various counterparties, while various other
counterparties pledged $96.4 million of investment securities and cash
collateral to Huntington to satisfy collateral netting agreements. In the event
of credit downgrades, Huntington would be required to provide $1.0 million
of additional collateral.
  33
  The
following table presents the gross notional values of derivatives used in
Huntington’s asset and liability management activities at June 30, 2010,
identified by the underlying interest rate-sensitive instruments:
 
 Fair
      Value
                    
                    
                    Cash
      Flow(in thousands)
                    
                    Hedges
                    
                    
                    Hedges
                    
                    
                    TotalInstruments
      associated with:Loans
                    
                    $
                    —
                    
                    
                    $
                    6,960,000
                    
                    
                    $
                    6,960,000Deposits
                    
                    
                    1,074,025
                    
                    
                    
                    —
                    
                    
                    
                    1,074,025Subordinated
      notes
                    
                    
                    298,000
                    
                    
                    
                    —
                    
                    
                    
                    298,000Other
      long-term debt
                    
                    
                    35,000
                    
                    
                    
                    —
                    
                    
                    
                    35,000Total
      notional value at June 30, 2010
                    
                    $
                    1,407,025
                    
                    
                    $
                    6,960,000
                    
                    
                    $
                    8,367,025
  The
following table presents additional information about the interest rate swaps
used in Huntington’s asset and liability management activities at June 30,
2010:
 
 Average
                    
                    
                    
                    
                    
                    Weighted-AverageNotional
                    
                    
                    Maturity
                    
                    
                    Fair
                    
                    
                    Rate(in thousands)
                    
                    Value
                    
                    
                    (years)
                    
                    
                    Value
                    
                    
                    Receive
                    
                    
                    PayAsset
      conversion swaps — receive fixed — generic
                    
                    $
                    6,960,000
                    
                    
                    
                    1.6
                    
                    
                    $
                    59,511
                    
                    
                    
                    1.51
                    %
                    
                    
                    0.66
                    %Liability
      conversion swaps — receive fixed — generic
                    
                    
                    1,407,025
                    
                    
                    
                    2.6
                    
                    
                    
                    59,972
                    
                    
                    
                    2.22
                    
                    
                    
                    0.46Total
      swap portfolio
                    
                    $
                    8,367,025
                    
                    
                    
                    1.8
                    
                    
                    $
                    119,483
                    
                    
                    
                    1.63
                    %
                    
                    
                    0.63
                    %
  These
derivative financial instruments were entered into for the purpose of managing
the interest rate risk of assets and liabilities. Consequently, net amounts
receivable or payable on contracts hedging either interest earning assets or
interest bearing liabilities were accrued as an adjustment to either interest
income or interest expense. The net amounts resulted in an increase/(decrease)
to net interest income of $48.4 million, and $42.2 million for the
three months ended June 30, 2010, and 2009, respectively. For the six
months ended June 30, 2010 and 2009, the net amounts resulted in an
increase/(decrease) to net interest income of $106.4 million and $73.4
million, respectively.
  In
connection with securitization activities, Huntington purchased interest rate
caps with a notional value totaling $1.0 billion. These purchased caps were
assigned to the securitization trust for the benefit of the security holders.
Interest rate caps were also sold totaling $1.0 billion outside the
securitization structure. Both the purchased and sold caps are marked to market
through income.
  In
connection with the sale of Huntington’s class B Visa shares, Huntington entered
into a swap agreement with the purchaser of the shares. The swap agreement
adjusts for dilution in the conversion ratio of class B shares resulting from
the Visa litigation. At June 30, 2010, the fair value of the swap liability
of $1.9 million is an estimate of the exposure liability based upon
Huntington’s assessment of the probability-weighted potential Visa litigation
losses.
  34
  The
following table presents the fair values at June 30, 2010,
December 31, 2009 and June 30, 2009 of Huntington’s derivatives that
are designated and not designated as hedging instruments. Amounts in the table
below are presented gross without the impact of any net collateral
arrangements.
  Asset
derivatives included in accrued income and other assets
 
 June 30,
                    
                    
                    December 31,
                    
                    
                    June 30,(in thousands)
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009Interest
      rate contracts designated as hedging instruments
                    
                    $
                    119,483
                    
                    
                    $
                    85,984
                    
                    
                    $
                    87,069Interest
      rate contracts not designated as hedging instruments
                    
                    
                    334,766
                    
                    
                    
                    255,692
                    
                    
                    
                    284,902Foreign
      exchange contracts not designated as hedging instruments
                    
                    
                    1,554
                    
                    
                    
                    —
                    
                    
                    
                    —Total
      contracts
                    
                    $
                    455,803
                    
                    
                    $
                    341,676
                    
                    
                    $
                    371,971
  Liability
derivatives included in accrued expenses and other liabilities
 
 June 30,
                                                          
                                                          
                                                          December31,
                                                          
                                                          
                                                          June 30,(in thousands)
                                                          
                                                          2010
                                                          
                                                          
                                                          2009
                                                          
                                                          
                                                          2009Interest
      rate contracts designated as hedging instruments
                                                          
                                                          $
                                                          —
                                                          
                                                          
                                                          $
                                                          3,464
                                                          
                                                          
                                                          $
                                                          8,711Interest
      rate contracts not designated as hedging instruments
                                                          
                                                          
                                                          267,397
                                                          
                                                          
                                                          
                                                          234,026
                                                          
                                                          
                                                          
                                                          268,939Total
      contracts
                                                          
                                                          $
                                                          267,397
                                                          
                                                          
                                                          $
                                                          237,490
                                                          
                                                          
                                                          $
                                                          277,650
  Fair
value hedges are purchased to convert deposits and subordinated and other long
term debt from fixed rate obligations to floating rate. The changes in fair
value of the derivative are, to the extent that the hedging relationship is
effective, recorded through earnings and offset against changes in the fair
value of the hedged item.
  The
following table presents the increase or (decrease) to interest expense for
the three months and six months ended June 30, 2010 and 2009 for
derivatives designated as fair value hedges:
 
 Derivatives in fair value
                                    
                                    
                                    
                                    Three Months Ended
                                    
                                    
                                    Six Months Endedhedging relationships
                                    
                                    Location of change in fair value
                                    
                                    June 30,
                                    
                                    
                                    June 30,(in thousands)
                                    
                                    recognized in earnings on derivative
                                    
                                    2010
                                    
                                    
                                    2009
                                    
                                    
                                    2010
                                    
                                    
                                    2009Interest
      Rate ContractsDeposits
                                    
                                    Interest
      expense — deposits
                                    
                                    $
                                    (861
                                    )
                                    
                                    $
                                    (757
                                    )
                                    
                                    $
                                    (1,600
                                    )
                                    
                                    $
                                    (1,103
                                    )Subordinated
      notes
                                    
                                    Interest
      expense — subordinated notes and other long term debt
                                    
                                    
                                    (3,967
                                    )
                                    
                                    
                                    (7,305
                                    )
                                    
                                    
                                    (8,290
                                    )
                                    
                                    
                                    (13,651
                                    )Other
      long term debt
                                    
                                    Interest
      expense — subordinated notes and other long term debt
                                    
                                    
                                    (371
                                    )
                                    
                                    
                                    350
                                    
                                    
                                    
                                    (631
                                    )
                                    
                                    
                                    836Total
                                    
                                    
                                    
                                    $
                                    (5,199
                                    )
                                    
                                    $
                                    (7,712
                                    )
                                    
                                    $
                                    (10,521
                                    )
                                    
                                    $
                                    (13,918
                                    )
  For cash
flow hedges, interest rate swap contracts were entered into that pay fixed-rate
interest in exchange for the receipt of variable-rate interest without the
exchange of the contract’s underlying notional amount, which effectively
converts a portion of its floating-rate debt to fixed-rate. This reduces the
potentially adverse impact of increases in interest rates on future interest
expense. Other LIBOR-based commercial and industrial loans were effectively
converted to fixed-rate by entering into contracts that swap certain
variable-rate interest payments for fixed-rate interest payments at designated
times.
  To the
extent these derivatives are effective in offsetting the variability of the
hedged cash flows, changes in the derivatives’ fair value will not be included
in current earnings but are reported as a component of accumulated other
comprehensive income in shareholders’ equity. These changes in fair value will
be included in earnings of future periods when earnings are also affected by the
changes in the hedged cash flows. To the extent these derivatives are not
effective, changes in their fair values are immediately included in interest
income.
  35
  The
following table presents the gains and (losses) recognized in other
comprehensive income (loss) (OCI) and the location in the consolidated
statements of income of gains and (losses) reclassified from OCI into earnings
for the six months ended June 30, 2010 and 2009 for derivatives designated
as effective cash flow hedges:
 
 Amount of gain orAmount of gain or
                    
                    
                    
                    (loss) reclassifiedDerivatives in cash
                    
                    (loss) recognized in
                    
                    
                    
                    from accumulatedflow hedging
                    
                    OCI on derivatives
                    
                    Location of gain or (loss) reclassified from accumulated
                    
                    OCI into earningsrelationships
                    
                    (effective portion)
                    
                    OCI into earnings (effective portion)
                    
                    (effective portion)(in
      thousands)
                    
                    2010
                    
                    
                    2009
                    
                    
                    
                    2010
                    
                    
                    2009Interest
      rate contractsLoans
                    
                    $
                    47,434
                    
                    
                    $
                    (41,450
                    )
                    Interest
      and fee income - loans and leases
                    
                    $
                    (73,381
                    )
                    
                    $
                    9,512FHLB
      Advances
                    
                    
                    —
                    
                    
                    
                    1,338
                    
                    Interest
      expense - other borrowings
                    
                    
                    2,216
                    
                    
                    
                    3,744Deposits
                    
                    
                    —
                    
                    
                    
                    253
                    
                    Interest
      expense - deposits
                    
                    
                    —
                    
                    
                    
                    3,139Subordinated
      notes
                    
                    
                    —
                    
                    
                    
                    92
                    
                    Interest
      expense - other borrowings
                    
                    
                    (837
                    )
                    
                    
                    (1,550
                    )Other
      long term debt
                    
                    
                    —
                    
                    
                    
                    —
                    
                    Interest
      expense - other borrowings
                    
                    
                    —
                    
                    
                    
                    (247
                    )Total
                    
                    $
                    47,434
                    
                    
                    $
                    (39,767
                    )
                    
                    
                    $
                    (72,002
                    )
                    
                    $
                    14,598
  The
following table details the gains and (losses) recognized in noninterest
income on the ineffective portion on interest rate contracts for derivatives
designated as fair value and cash flow hedges for the three months and six
months ended June 30, 2010, and 2009.
 
 Three
      Months Ended
                  
                  
                  Six
      Months EndedJune 30,
                  
                  
                  June 30,(in thousands)
                  
                  2010
                  
                  
                  2009
                  
                  
                  2010
                  
                  
                  2009Derivatives
      in fair value hedging relationshipsInterest
      rate contractsDeposits
                  
                  $
                  413
                  
                  
                  $
                  62
                  
                  
                  $
                  569
                  
                  
                  $
                  403Derivatives
      in cash flow hedging relationshipsInterest
      rate contractsLoans
                  
                  
                  (293
                  )
                  
                  
                  (2,670
                  )
                  
                  
                  574
                  
                  
                  
                  (2,179
                  )FHLB
      Advances
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  (792
                  )
  Derivatives
used in trading activities
  Various
derivative financial instruments are offered to enable customers to meet their
financing and investing objectives and for their risk management purposes.
Derivative financial instruments used in trading activities consisted
predominantly of interest rate swaps, but also included interest rate caps,
floors, and futures, as well as foreign exchange options. Interest rate options
grant the option holder the right to buy or sell an underlying financial
instrument for a predetermined price before the contract expires. Interest rate
futures are commitments to either purchase or sell a financial instrument at a
future date for a specified price or yield and may be settled in cash or through
delivery of the underlying financial instrument. Interest rate caps and floors
are option-based contracts that entitle the buyer to receive cash payments based
on the difference between a designated reference rate and a strike price,
applied to a notional amount. Written options, primarily caps, expose Huntington
to market risk but not credit risk. Purchased options contain both credit and
market risk. The interest rate risk of these customer derivatives is mitigated
by entering into similar derivatives having offsetting terms with other
counterparties. The credit risk to these customers is evaluated and included in
the calculation of fair value.
  The net
fair values of these derivative financial instruments, for which the gross
amounts are included in other assets or other liabilities at June 30, 2010,
December 31, 2009, and June 30, 2009 were $43.5 million,
$45.1 million and $50.4 million, respectively. Changes in fair value
of $3.7 million and $2.6 million for the three months ended
June 30, 2010 and 2009, respectively, and $6.4 million and
$6.4 million for the six months ended June 30, 2010 and 2009,
respectively, were reflected in other noninterest income. The total notional
values of derivative financial instruments used by Huntington on behalf of
customers, including offsetting derivatives, were $9.5 billion,
$9.6 billion and $9.8 billion at June 30, 2010, December 31,
2009, and June 30, 2009, respectively. Huntington’s credit risks from
interest rate swaps used for trading purposes were $334.8 million,
$255.7 million and $284.9 million at the same dates,
respectively.
  36
  Derivatives
used in mortgage banking activities
  Huntington
also uses certain derivative financial instruments to offset changes in value of
its residential mortgage servicing assets. These derivatives consist primarily
of forward interest rate agreements and forward mortgage securities. The
derivative instruments used are not designated as hedges. Accordingly, such
derivatives are recorded at fair value with changes in fair value reflected in
mortgage banking income . The following table
summarizes the derivative assets and liabilities used in mortgage banking
activities:
 
 June 30,
                                
                                
                                December 31,
                                
                                
                                June 30,(in thousands)
                                
                                2010
                                
                                
                                2009
                                
                                
                                2009Derivative
      assets:Interest
      rate lock agreements
                                
                                $
                                8,469
                                
                                
                                $
                                995
                                
                                
                                $
                                3,180Forward
      trades and options
                                
                                
                                109
                                
                                
                                
                                7,711
                                
                                
                                
                                7,920Total
      derivative assets
                                
                                
                                8,578
                                
                                
                                
                                8,706
                                
                                
                                
                                11,100Derivative
      liabilities:Interest
      rate lock agreements
                                
                                
                                (79
                                )
                                
                                
                                (1,338
                                )
                                
                                
                                (617
                                )Forward
      trades and options
                                
                                
                                (13,682
                                )
                                
                                
                                (119
                                )
                                
                                
                                (1,744
                                )Total
      derivative liabilities
                                
                                
                                (13,761
                                )
                                
                                
                                (1,457
                                )
                                
                                
                                (2,361
                                )Net
      derivative liability
                                
                                $
                                (5,183
                                )
                                
                                $
                                7,249
                                
                                
                                $
                                8,739
  The total
notional value of these derivative financial instruments at June 30, 2010,
December 31, 2009 and June 30, 2009, was $3.1 billion,
$3.7 billion, $4.8 billion, respectively. The total notional amount at
June 30, 2010 corresponds to trading assets with a fair value of
$26.7 million and trading liabilities with a fair value of
$0.2 million. Total MSR hedging gains and (losses) for the three
months ended June 30, 2010, and 2009, were $46.3 million, and
($50.2 million), respectively, and $58.2 million, and
($40.9 million) for the six months ended June 30, 2010, and 2009,
respectively. Included in total MSR hedging gains and losses for the three
months ended June 30, 2010, and 2009 were gains and (losses) related to
derivative instruments of $46.1 million, and ($50.4 million),
respectively, and $57.6 million, and ($43.7 million) for the six
months ended June 30, 2010, and 2009, respectively. These amounts are included
in mortgage banking income in the condensed consolidated statements of
income.
  15.
VARIABLE INTEREST ENTITIES
  Consolidated
Variable Interest Entities
  Consolidated
variable interest entities at June 30, 2010 consist of the Franklin 2009
Trust (See Note 3) and certain loan securitization trusts. Loan securitizations
include auto loan and lease securitization trusts formed in 2009, 2008, 2006,
and 2000. Huntington has determined that the trusts are variable interest
entities (VIEs). Through Huntington’s continuing involvement in the trusts
(including ownership of beneficial interests and certain servicing or collateral
management activities), Huntington is the primary beneficiary.
  With the
adoption of amended accounting guidance for VIEs, Huntington consolidated the
2009 Trust containing automobile loans on January 1, 2010. Huntington has
elected the fair value option under ASC 825, Financial Instruments, for both the
auto loans and the related debt obligations. Upon adoption of the new accounting
standard, total assets increased $621.6 million, total liabilities
increased $629.3 million, and a negative cumulative effect adjustment to
other comprehensive income and retained earnings of $7.7 million was
recorded.
  37
  The
carrying amount and classification of the trusts’ assets and liabilities
included in the consolidated balance sheet are as follows:
 
 June 30, 2010Franklin(in thousands)
                                
                                2009 Trust
                                
                                
                                2009 Trust
                                
                                
                                2008 Trust
                                
                                
                                2006 Trust
                                
                                
                                2000 Trust
                                
                                
                                TotalAssetsCash
                                
                                $
                                —
                                
                                
                                $
                                26,903
                                
                                
                                $
                                25,914
                                
                                
                                $
                                225,637
                                
                                
                                $
                                1,483
                                
                                
                                $
                                279,937Loans
      and leases
                                
                                
                                —
                                
                                
                                
                                657,213
                                
                                
                                
                                406,835
                                
                                
                                
                                1,238,492
                                
                                
                                
                                —
                                
                                
                                
                                2,302,540Allowance
      for loan and lease losses
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                (3,377
                                )
                                
                                
                                (10,279
                                )
                                
                                
                                —
                                
                                
                                
                                (13,656
                                )Net
      loans and leases
                                
                                
                                —
                                
                                
                                
                                657,213
                                
                                
                                
                                403,458
                                
                                
                                
                                1,228,213
                                
                                
                                
                                —
                                
                                
                                
                                2,288,884Loans
      held for sale
                                
                                
                                323,411
                                
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                323,411Accrued
      income and other assets
                                
                                
                                24,515
                                
                                
                                
                                2,846
                                
                                
                                
                                2,107
                                
                                
                                
                                5,506
                                
                                
                                
                                —
                                
                                
                                
                                34,974Total
      assets
                                
                                $
                                347,926
                                
                                
                                $
                                686,962
                                
                                
                                $
                                431,479
                                
                                
                                $
                                1,459,356
                                
                                
                                $
                                1,483
                                
                                
                                $
                                2,927,206LiabilitiesOther
      long-term debt
                                
                                $
                                57,482
                                
                                
                                $
                                494,512
                                
                                
                                $
                                265,280
                                
                                
                                $
                                1,063,004
                                
                                
                                $
                                —
                                
                                
                                $
                                1,880,278Accrued
      interest and other liabilities
                                
                                
                                10,130
                                
                                
                                
                                922
                                
                                
                                
                                540
                                
                                
                                
                                13,038
                                
                                
                                
                                —
                                
                                
                                
                                24,630Total
      liabilities
                                
                                $
                                67,612
                                
                                
                                $
                                495,434
                                
                                
                                $
                                265,820
                                
                                
                                $
                                1,076,042
                                
                                
                                $
                                —
                                
                                
                                $
                                1,904,908
  The auto
loans and leases were designated to repay the securitized notes. Huntington
services the loans and leases and uses the proceeds from principal and interest
payments to pay the securitized notes during the amortization period. Huntington
has not provided financial or other support that was not previously
contractually required.
  Trust
Preferred Securities
  Huntington
has certain wholly-owned trusts that are not consolidated. The trusts have been
formed for the sole purpose of issuing trust preferred securities, from which
the proceeds are then invested in Huntington junior subordinated debentures,
which are reflected in Huntington’s condensed consolidated balance sheet as
subordinated notes. The trust securities are the obligations of the trusts and
are not consolidated within Huntington’s balance sheet. A list of trust
preferred securities outstanding at June 30, 2010 follows:
 
 Principal amount of
                      
                      
                      Investment insubordinated note/
                      
                      
                      unconsolidated(in thousands)
                      
                      Rate
                      
                      
                      debenture issued to trust (1)
                      
                      
                      subsidiary (2)Huntington
      Capital I
                      
                      
                      1.04
                      %(3)
                      
                      $
                      138,816
                      
                      
                      $
                      6,186Huntington
      Capital II
                      
                      
                      1.16
                      (4)
                      
                      
                      60,093
                      
                      
                      
                      3,093Huntington
      Capital III
                      
                      
                      6.69
                      
                      
                      
                      114,058
                      
                      
                      
                      10BancFirst
      Ohio Trust Preferred
                      
                      
                      8.54
                      
                      
                      
                      23,274
                      
                      
                      
                      619Sky
      Financial Capital Trust I
                      
                      
                      8.52
                      (5)
                      
                      
                      64,613
                      
                      
                      
                      1,856Sky
      Financial Capital Trust II
                      
                      
                      3.24
                      (6)
                      
                      
                      30,929
                      
                      
                      
                      929Sky
      Financial Capital Trust III
                      
                      
                      1.51
                      (7)
                      
                      
                      77,647
                      
                      
                      
                      2,320Sky
      Financial Capital Trust IV
                      
                      
                      1.27
                      (7)
                      
                      
                      77,647
                      
                      
                      
                      2,320Prospect
      Trust I
                      
                      
                      3.55
                      
                      
                      
                      6,186
                      
                      
                      
                      186Total
                      
                      
                      
                      
                      
                      $
                      593,263
                      
                      
                      $
                      17,519
 
 (1)
              Represents the principal amount
      of debentures issued to each trust, including unamortized original issue
      discount.
 
 (2)
              Huntington’s investment in the
      unconsolidated trusts represents the only risk of
    loss.
 
 (3)
              Variable effective rate at
      June 30, 2010, based on three month LIBOR +
    0.70.
 
 (4)
              Variable effective rate at
      June 30, 2010, based on three month LIBOR +
    0.625.
 
 (5)
              Variable effective rate at
      June 30, 2010, based on three month LIBOR +
    2.95.
 
 (6)
              Variable effective rate at
      June 30, 2010, based on three month LIBOR +
    3.25.
 
 (7)
              Variable effective rate at
      June 30, 2010, based on three month LIBOR +
    1.40.
  38
  Each
issue of the junior subordinated debentures has an interest rate equal to the
corresponding trust securities distribution rate. Huntington has the right to
defer payment of interest on the debentures at any time, or from time to time
for a period not exceeding five years, provided that no extension period may
extend beyond the stated maturity of the related debentures. During any such
extension period, distributions to the trust securities will also be deferred
and Huntington’s ability to pay dividends on its common stock will be
restricted. Periodic cash payments and payments upon liquidation or redemption
with respect to trust securities are guaranteed by Huntington to the extent of
funds held by the trusts. The guarantee ranks subordinate and junior in right of
payment to all indebtedness of the company to the same extent as the junior
subordinated debt. The guarantee does not place a limitation on the amount of
additional indebtedness that may be incurred by Huntington.
  Low
Income Housing Tax Credit Partnerships
  Huntington
makes certain equity investments in various limited partnerships that sponsor
affordable housing projects utilizing the Low Income Housing Tax Credit
(LIHTC) pursuant to Section 42 of the Internal Revenue Code. The purpose of
these investments is to achieve a satisfactory return on capital, to facilitate
the sale of additional affordable housing product offerings and to assist us in
achieving goals associated with the Community Reinvestment Act. The primary
activities of the limited partnerships include the identification, development,
and operation of multi-family housing that is leased to qualifying residential
tenants. Generally, these types of investments are funded through a combination
of debt and equity.
  Huntington
does not own a majority of the limited partnership interests in these entities
and is not the primary beneficiary. Huntington uses the equity method to account
for the majority of its investments in these entities. These investments are
included in accrued income and other assets. At June 30, 2010,
December 31, 2009 and June 30, 2009, Huntington has commitments of
$232.9 million, $285.3 million and $231.5 million, respectively of
which $222.5 million, $192.7 million and $169.8 million,
respectively are funded. The unfunded portion is included in accrued expenses
and other liabilities.
  On
July 8, 2010, Huntington announced it will invest $100 million in Ohio
affordable rental housing through 2012. Huntington’s investment is in
partnership with the Ohio Capital Corporation for Housing (OCCH). OCCH is a
Columbus-based nonprofit corporation that raises and invests private capital in
affordable rental housing throughout Ohio.
  16.
COMMITMENTS AND CONTINGENT LIABILITIES
  Commitments
to extend credit
  In the
ordinary course of business, Huntington makes various commitments to extend
credit that are not reflected in the financial statements. The contract amounts
of these financial agreements at June 30, 2010, December 31, 2009 and
June 30, 2009, were as follows:
 
 June
      30,
                  
                  
                  December
      31,
                  
                  
                  June
      30,(in millions)
                  
                  2010
                  
                  
                  2009
                  
                  
                  2009Contract
      amount represents credit riskCommitments
      to extend creditCommercial
                  
                  $
                  5,703
                  
                  
                  $
                  5,834
                  
                  
                  $
                  6,232Consumer
                  
                  
                  4,936
                  
                  
                  
                  5,028
                  
                  
                  
                  4,952Commercial
      real estate
                  
                  
                  773
                  
                  
                  
                  1,075
                  
                  
                  
                  1,395Standby
      letters of credit
                  
                  
                  516
                  
                  
                  
                  577
                  
                  
                  
                  703
  Commitments
to extend credit generally have fixed expiration dates, are variable-rate, and
contain clauses that permit Huntington to terminate or otherwise renegotiate the
contracts in the event of a significant deterioration in the customer’s credit
quality. These arrangements normally require the payment of a fee by the
customer, the pricing of which is based on prevailing market conditions, credit
quality, probability of funding, and other relevant factors. Since many of these
commitments are expected to expire without being drawn upon, the contract
amounts are not necessarily indicative of future cash requirements. The interest
rate risk arising from these financial instruments is insignificant as a result
of their predominantly short-term, variable-rate nature.
  Standby
letters of credit are conditional commitments issued to guarantee the
performance of a customer to a third party. These guarantees are primarily
issued to support public and private borrowing arrangements, including
commercial paper, bond financing, and similar transactions. Most of these
arrangements mature within two years. The carrying amount of deferred revenue
associated with these guarantees was $2.1 million, $2.8 million and
$2.8 million at June 30, 2010, December 31, 2009 and June 30,
2009, respectively.
  39
  Through
the Company’s credit process, Huntington monitors the credit risks of
outstanding standby letters of credit. When it is probable that a standby letter
of credit will be drawn and not repaid in full, losses are recognized in the
provision for credit losses. At June 30, 2010, Huntington had
$0.5 billion of standby letters of credit outstanding, of which 71% were
collateralized.
  Huntington
uses an internal loan grading system to assess an estimate of loss on its loan
and lease portfolio. The same loan grading system is used to help monitor credit
risk associated with standby letters of credit. Under this risk rating system as
of June 30, 2010, approximately $78.3 million of the standby letters of
credit were rated strong with sufficient asset quality, liquidity, and good debt
capacity and coverage, approximately $374.6 million were rated average with
acceptable asset quality, liquidity, and modest debt capacity; and approximately
$63.4 million were rated substandard with negative financial trends,
structural weaknesses, operating difficulties, and higher leverage.
  Commercial
letters of credit represent short-term, self-liquidating instruments that
facilitate customer trade transactions and generally have maturities of no
longer than 90 days. The goods or cargo being traded normally secures these
instruments.
  Commitments
to sell loans
  Huntington
enters into forward contracts relating to its mortgage banking business to hedge
the exposures from commitments to make new residential mortgage loans with
existing customers and from mortgage loans classified as held for sale. At
June 30, 2010, December 31, 2009 and June 30, 2009, Huntington
had commitments to sell residential real estate loans of $735.1 million,
$662.9 million and $828.9 million, respectively. These contracts mature in
less than one year.
  Income
Taxes
  The
Company and its subsidiaries file income tax return in the U.S. federal
jurisdiction and various state, city and foreign jurisdictions. Federal income
tax audits have been completed through 2005. Various state and other
jurisdictions remain open to examination for tax years 2000 and
forward.
  Both the
IRS and state tax officials from Ohio, Kentucky, and Illinois have proposed
adjustments to the Company’s previously filed tax returns. Management believes
that the tax positions taken by the Company related to such proposed adjustments
were correct and supported by applicable statutes, regulations, and judicial
authority, and intends to vigorously defend them. It is possible that the
ultimate resolution of the proposed adjustments, if unfavorable, may be material
to the results of operations in the period it occurs. However, although no
assurance can be given, the Company believes that the resolution of these
examinations will not, individually or in the aggregate, have a material adverse
impact on our consolidated financial position.
  Huntington
accounts for uncertainties in income taxes in accordance with ASC 740, “Income
Taxes”. At June 30, 2010, the Company had a net unrecognized tax benefit of
$19.2 million in income tax reserves related to tax positions. Due to the
complexity of some of these uncertainties, the ultimate resolution may result in
a payment that is materially different from our current estimate of the tax
liabilities. However, any ultimate settlement is not expected to be material to
the financial statements as a whole. The company recognizes interest and
penalties on income tax assessments or income tax refunds in the financial
statements as a component of its provision for income taxes. There were no
amounts recognized for interest and penalties for the periods ended
June 30, 2010 and no amounts accrued at June 30, 2010. Huntington does
not anticipate the total amount of unrecognized tax benefits to significantly
change within the next 12 months.
  Health
Care and Education Reconciliation Act of 2010 (Act)
  On
March 23, 2010, the Act was signed into law. The Act includes a provision
to repeal the deduction for employer subsidies for retiree drug coverage under
Medicare Part D. Under prior law, an employer offering retiree prescription
drug coverage that is at least as valuable as Medicare Part D was entitled
to a subsidy. Employers were able to deduct the entire cost of providing
prescription drug coverage, even though a portion was offset by the subsidy. For
taxable years beginning after December 31, 2012, the Act repeals the
current rule permitting the deduction of the portion of the expense that was
offset by the Part D subsidy. As a result of this provision, the deferred
tax asset associated with prescription drug coverage was reduced by
$3.6 million.
  40
  Litigation
  Between
December 19, 2007 and February 1, 2008, two putative class actions
were filed in the United States District Court for the Southern District of
Ohio, Eastern Division, against Huntington and certain of its current or former
officers and directors purportedly on behalf of purchasers of Huntington
securities during the periods July 20, 2007 to November 16, 2007, or
July 20, 2007 to January 10, 2008. On June 5, 2008, the two cases were
consolidated into a single action. On August 22, 2008, a consolidated
complaint was filed asserting a class period of July 19, 2007 through
November 16, 2007, alleging that the defendants violated Section 10(b) of
the Securities Exchange Act of 1934, as amended (the Exchange Act), and
Rule 10b-5 promulgated thereunder, and Section 20(a) of the Exchange Act by
issuing a series of allegedly false and/or misleading statements concerning
Huntington’s financial results, prospects, and condition, relating, in
particular, to its transactions with Franklin. The action was dismissed on
December 4, 2009, and the plaintiffs thereafter filed a Notice of Appeal to the
United States Court of Appeals for the Sixth Circuit. On April 22, 2010 the
plaintiffs dismissed their appeal with prejudice.
  Three
putative derivative lawsuits were filed in the Court of Common Pleas of Delaware
County, Ohio, the United States District Court for the Southern District of
Ohio, Eastern Division, and the Court of Common Pleas of Franklin County, Ohio,
between January 16, 2008, and April 17, 2008, against certain of
Huntington’s current or former officers and directors variously seeking to
allege breaches of fiduciary duty, waste of corporate assets, abuse of control,
gross mismanagement, and unjust enrichment, all in connection with Huntington’s
acquisition of Sky Financial, certain transactions between Huntington and
Franklin, and the financial disclosures relating to such transactions.
Huntington is named as a nominal defendant in each of these actions. The
derivative action filed in the United States District Court for the Southern
District of Ohio was dismissed on September 23, 2009. The plaintiff in that
action thereafter filed a Notice of Appeal to the United States Court of Appeals
for the Sixth Circuit, but the appeal was dismissed at the plaintiff’s request
on January 12, 2010. That plaintiff subsequently sent a letter to
Huntington’s Board of Directors demanding that it initiate certain litigation.
The Board has appointed a special independent committee to review and
investigate the allegations made in the letter, and based upon that
investigation, to recommend to the Board what actions, if any, should be taken.
The Court of Common Pleas of Franklin County, Ohio granted the defendant’s
motion to dismiss the derivative lawsuit pending in that court. A motion to
dismiss the suit filed in the Court of Common Pleas of Delaware County, Ohio was
filed on March 10, 2008, and is currently pending. At this stage of the
proceedings, it is not possible for management to assess the probability of an
adverse outcome, or reasonably estimate the amount of any potential
loss.
  Between
February 20, 2008 and February 29, 2008, three putative class action
lawsuits were filed in the United States District Court for the Southern
District of Ohio, Eastern Division, against Huntington, the Huntington
Bancshares Incorporated Pension Review Committee, the Huntington Investment and
Tax Savings Plan (the Plan) Administrative Committee, and certain of the
Company’s officers and directors purportedly on behalf of participants in or
beneficiaries of the Plan between either July 1, 2007 or July 20, 2007
and the present. On May 14, 2008, the three cases were consolidated into a
single action. On August 4, 2008, a consolidated complaint was filed
asserting a class period of July 1, 2007 through the present, alleging
breaches of fiduciary duties in violation of the Employee Retirement Income
Security Act (ERISA) relating to Huntington stock being offered as an
investment alternative for participants in the Plan and seeking money damages
and equitable relief. On February 9, 2009, the court entered an order
dismissing with prejudice the consolidated lawsuit in its entirety, and the
plaintiffs thereafter filed a Notice of Appeal to the United States Court of
Appeals for the Sixth Circuit. During the pendency of the appeal, the parties to
the appeal commenced settlement discussions and have reached an agreement in
principle to settle this litigation on a classwide basis for $1,450,000, subject
to the drafting of definitive settlement documentation and court approval.
Because the settlement has not been finalized or approved, it is not possible
for management to make further comment at this time.
  41
  17.
PARENT COMPANY FINANCIAL STATEMENTS
  The
parent company condensed financial statements, which include transactions with
subsidiaries, are as follows.
  Balance
Sheets
 
 June 30,
                  
                  
                  December 31,
                  
                  
                  June 30,(in thousands)
                  
                  2010
                  
                  
                  2009
                  
                  
                  2009ASSETSCash
      and cash equivalents (1)
                  
                  $
                  933,546
                  
                  
                  $
                  1,376,539
                  
                  
                  $
                  1,463,068Due
      from The Huntington National Bank (2)
                  
                  
                  954,565
                  
                  
                  
                  955,695
                  
                  
                  
                  552,481Due
      from non-bank subsidiaries
                  
                  
                  254,352
                  
                  
                  
                  273,317
                  
                  
                  
                  289,443Investment
      in The Huntington National Bank
                  
                  
                  3,304,908
                  
                  
                  
                  2,821,181
                  
                  
                  
                  3,012,016Investment
      in non-bank subsidiaries
                  
                  
                  810,228
                  
                  
                  
                  815,730
                  
                  
                  
                  865,154Accrued
      interest receivable and other assets
                  
                  
                  164,589
                  
                  
                  
                  112,557
                  
                  
                  
                  138,980Total
      assets
                  
                  $
                  6,422,188
                  
                  
                  $
                  6,355,019
                  
                  
                  $
                  6,321,142LIABILITIES
      AND SHAREHOLDERS’ EQUITYShort-term
      borrowings
                  
                  $
                  687
                  
                  
                  $
                  1,291
                  
                  
                  $
                  1,388Long-term
      borrowings
                  
                  
                  637,434
                  
                  
                  
                  637,434
                  
                  
                  
                  637,434Dividends
      payable, accrued expenses, and other liabilities
                  
                  
                  345,631
                  
                  
                  
                  380,292
                  
                  
                  
                  461,798Total
      liabilities
                  
                  
                  983,752
                  
                  
                  
                  1,019,017
                  
                  
                  
                  1,100,620Shareholders’
      equity (3)
                  
                  
                  5,438,436
                  
                  
                  
                  5,336,002
                  
                  
                  
                  5,220,522Total
      liabilities and shareholders’ equity
                  
                  $
                  6,422,188
                  
                  
                  $
                  6,355,019
                  
                  
                  $
                  6,321,142
 
 (1)
              Includes restricted cash of
      $125,000
 
 (2)
              Related to subordinated notes
      described in Note 7.
 
 (3)
              See Huntington’s Condensed
      Consolidated Statements of Changes in Shareholders’
      Equity.
  Statements
of Income
 
 Three Months Ended
                              
                              
                              Six Months EndedJune 30,
                              
                              
                              June 30,(in thousands)
                              
                              2010
                              
                              
                              2009
                              
                              
                              2010
                              
                              
                              2009IncomeDividends
      fromThe
      Huntington National Bank
                              
                              $
                              —
                              
                              
                              $
                              —
                              
                              
                              $
                              —
                              
                              
                              $
                              —Non-bank
      subsidiaries
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              18,000
                              
                              
                              
                              9,250Interest
      fromThe
      Huntington National Bank
                              
                              
                              20,724
                              
                              
                              
                              11,636
                              
                              
                              
                              41,740
                              
                              
                              
                              22,987Non-bank
      subsidiaries
                              
                              
                              2,986
                              
                              
                              
                              3,860
                              
                              
                              
                              6,449
                              
                              
                              
                              8,291Other
                              
                              
                              379
                              
                              
                              
                              67,749
                              
                              
                              
                              2,076
                              
                              
                              
                              67,569Total
      income
                              
                              
                              24,089
                              
                              
                              
                              83,245
                              
                              
                              
                              68,265
                              
                              
                              
                              108,097ExpensePersonnel
      costs
                              
                              
                              11,981
                              
                              
                              
                              628
                              
                              
                              
                              13,018
                              
                              
                              
                              2,715Interest
      on borrowings
                              
                              
                              5,734
                              
                              
                              
                              8,527
                              
                              
                              
                              11,275
                              
                              
                              
                              17,917Other
                              
                              
                              13,212
                              
                              
                              
                              6,053
                              
                              
                              
                              25,905
                              
                              
                              
                              12,527Total
      expense
                              
                              
                              30,927
                              
                              
                              
                              15,208
                              
                              
                              
                              50,198
                              
                              
                              
                              33,159Income
      (loss) before income taxes and equity in undistributed net income of
      subsidiaries
                              
                              
                              (6,838
                              )
                              
                              
                              68,037
                              
                              
                              
                              18,067
                              
                              
                              
                              74,938Income
      taxes
                              
                              
                              (105
                              )
                              
                              
                              70,829
                              
                              
                              
                              15,744
                              
                              
                              
                              19,202Income
      before equity in undistributed net income of subsidiaries
                              
                              
                              (6,733
                              )
                              
                              
                              (2,792
                              )
                              
                              
                              2,323
                              
                              
                              
                              55,736Increase
      (decrease) in undistributed net income of:The
      Huntington National Bank
                              
                              
                              60,891
                              
                              
                              
                              (133,061
                              )
                              
                              
                              101,058
                              
                              
                              
                              (2,593,366
                              )Non-bank
      subsidiaries
                              
                              
                              (5,394
                              )
                              
                              
                              10,758
                              
                              
                              
                              (14,880
                              )
                              
                              
                              (20,672
                              )Net
      income (loss)
                              
                              $
                              48,764
                              
                              
                              $
                              (125,095
                              )
                              
                              $
                              88,501
                              
                              
                              $
                              (2,558,302
                              )
  42
  Statements
of Cash Flows
 
 Six Months EndedJune 30,(in thousands)
                                    
                                    2010
                                    
                                    
                                    2009Operating
      activitiesNet
      income (loss)
                                    
                                    $
                                    88,501
                                    
                                    
                                    $
                                    (2,558,302
                                    )Adjustments
      to reconcile net income to net cash provided by operating
      activitiesEquity
      in undistributed net income of subsidiaries
                                    
                                    
                                    (104,178
                                    )
                                    
                                    
                                    2,614,038Depreciation
      and amortization
                                    
                                    
                                    510
                                    
                                    
                                    
                                    2,950Other,
      net
                                    
                                    
                                    (87,960
                                    )
                                    
                                    
                                    188,997Net
      cash (used for) provided by operating activities
                                    
                                    
                                    (103,127
                                    )
                                    
                                    
                                    247,683Investing
      activitiesRepayments
      from subsidiaries
                                    
                                    
                                    31,572
                                    
                                    
                                    
                                    78,527Advances
      to subsidiaries
                                    
                                    
                                    (307,051
                                    )
                                    
                                    
                                    (333,448
                                    )Net
      cash used for investing activities
                                    
                                    
                                    (275,479
                                    )
                                    
                                    
                                    (254,921
                                    )Financing
      activitiesPayment
      of borrowings
                                    
                                    
                                    (604
                                    )
                                    
                                    
                                    (99,320
                                    )Dividends
      paid on preferred stock
                                    
                                    
                                    (50,358
                                    )
                                    
                                    
                                    (56,905
                                    )Dividends
      paid on common stock
                                    
                                    
                                    (14,247
                                    )
                                    
                                    
                                    (43,780
                                    )Proceeds
      from issuance of common stock
                                    
                                    
                                    —
                                    
                                    
                                    
                                    548,327Other,
      net
                                    
                                    
                                    822
                                    
                                    
                                    
                                    (72
                                    )Net
      cash (used for) provided by financing activities
                                    
                                    
                                    (64,387
                                    )
                                    
                                    
                                    348,250Change
      in cash and cash equivalents
                                    
                                    
                                    (442,993
                                    )
                                    
                                    
                                    341,012Cash
      and cash equivalents at beginning of period
                                    
                                    
                                    1,376,539
                                    
                                    
                                    
                                    1,122,056Cash
      and cash equivalents at end of period
                                    
                                    $
                                    933,546
                                    
                                    
                                    $
                                    1,463,068Supplemental
      disclosure:Interest
      paid
                                    
                                    $
                                    11,275
                                    
                                    
                                    $
                                    17,917
  18.
SEGMENT REPORTING
  Huntington
operates as five distinct segments: Retail and Business Banking, Commercial
Banking, Commercial Real Estate, Auto Finance and Dealer Services (AFDS), and
the Private Financial Group (PFG). A sixth group includes the Treasury function
and other unallocated assets, liabilities, revenue, and expense.
  Segment
results are determined based upon the Company’s management reporting system,
which assigns balance sheet and income statement items to each of the business
segments. The process is designed around the Company’s organizational and
management structure and, accordingly, the results derived are not necessarily
comparable with similar information published by other financial institutions.
An overview of this system is provided below, along with a description of each
segment and discussion of financial results.
  Retail and Business Banking :
This segment provides traditional banking products and services to consumer and
small business customers located within the six states of Ohio, Michigan,
Pennsylvania, Indiana, West Virginia, and Kentucky. It provides these services
through a banking network of over 600 branches, and over 1,300 ATMs, along with
internet and telephone banking channels. It also provides certain services on a
limited basis outside of these six states, including mortgage banking. Retail
products and services include home equity loans and lines of credit, first
mortgage loans, direct installment loans, small business loans, personal and
business deposit products, treasury management products, as well as sales of
investment and insurance services. At June 30, 2010, Retail and Business
Banking accounted for 39% and 72% of consolidated loans and leases and deposits,
respectively.
  Commercial Banking: This
segment provides a variety of banking products and services to customers within
the Company’s primary banking markets who generally have larger credit exposures
and sales revenues compared with its Retail and Business Banking customers.
Commercial Banking products include commercial loans, international trade, cash
management, leasing, interest rate protection products, capital market
alternatives, 401(k) plans, and mezzanine investment capabilities. The
Commercial Banking team also serves customers that specialize in equipment
leasing, as well as serves the commercial banking needs of government entities,
not-for-profit organizations, and large corporations. Commercial bankers
personally deliver these products and services by developing leads through
community involvement, referrals from other professionals, and targeted prospect
calling.
  43
  Commercial Real Estate: This
segment serves professional real estate developers or other customers with real
estate project financing needs within the Company’s primary banking markets.
Commercial Real Estate products and services include CRE loans, cash management,
interest rate protection products, and capital market alternatives. Commercial
real estate bankers personally deliver these products and services by:
(a) relationships with developers in the Company’s footprint who are
recognized as the most experienced, well-managed, and well-capitalized, and are
capable of operating in all phases of the real estate cycle (“top-tier
developers”), (b) leads through community involvement, and
(c) referrals from other professionals.
  Auto Finance and Dealer Services
(AFDS): This segment provides a variety of banking products and services
to approximately 2,300 automotive dealerships within the Company’s primary
banking markets. AFDS finances the purchase of automobiles by customers at the
automotive dealerships; finances dealerships’ new and used vehicle inventories,
land, buildings, and other real estate owned by the dealership; finances
dealership working capital needs; and provides other banking services to the
automotive dealerships and their owners. Competition from the financing
divisions of automobile manufacturers and from other financial institutions is
intense. AFDS’ production opportunities are directly impacted by the general
automotive sales business, including programs initiated by manufacturers to
enhance and increase sales directly. Huntington has been in this line of
business for over 50 years.
  Private Financial Group (PFG):
This segment provides products and services designed to meet the needs of higher
net worth customers. Revenue results from the sale of trust, asset management,
investment advisory, brokerage, insurance, and private banking products and
services including credit and lending activities. PFG also focuses on financial
solutions for corporate and institutional customers that include investment
banking, sales and trading of securities, and interest rate risk management
products. To serve high net worth customers, we use a unique distribution model
that employs a single, unified sales force to deliver products and services
mainly through Retail and Business Banking distribution channels.
  In
addition to the Company’s five business segments, the Treasury / Other group
includes revenue and expense related to assets, liabilities, and equity that are
not directly assigned or allocated to one of the five business segments. Assets
in this group include investment securities and bank owned life insurance. Net
interest income/(expense) includes the net impact of administering the Company’s
investment securities portfolios as part of overall liquidity management. A
match-funded transfer pricing (FTP) system is used to attribute appropriate
funding interest income and interest expense to other business segments. As
such, net interest income includes the net impact of any over or under
allocations arising from centralized management of interest rate risk.
Furthermore, net interest income includes the net impact of derivatives used to
hedge interest rate sensitivity. Non-interest income includes miscellaneous fee
income not allocated to other business segments, including bank owned life
insurance income. Fee income also includes asset revaluations not allocated to
business segments, as well as any investment securities and trading assets gains
or losses. The non-interest expense includes certain corporate administrative,
merger costs, and other miscellaneous expenses not allocated to business
segments. This group also includes any difference between the actual effective
tax rate of Huntington and the statutory tax rate used to allocate income taxes
to the other segments.
  The
management accounting process used to develop the business segment reporting
utilized various estimates and allocation methodologies to measure the
performance of the business segments. Huntington utilizes a full-allocation
methodology, where all Treasury/Other expenses, except those related to
servicing Franklin-related assets, reported “Significant Items” (excluding the
goodwill impairment), and a small residual of other unallocated expenses, are
allocated to the other five business segments.
  44
  Listed
below is certain operating basis financial information reconciled to
Huntington’s 2010, and 2009 reported results by business segment:
  Income
Statements
 
 Three Months Ended June 30,Retail &
                                
                                
                                
                                
                                
                                
                                
                                
                                FormerBusiness
                                
                                
                                
                                
                                
                                Commercial
                                
                                
                                Regional
                                
                                
                                
                                
                                
                                
                                
                                
                                Treasury/
                                
                                
                                Huntington(in thousands)
                                
                                Banking
                                
                                
                                Commercial
                                
                                
                                Real Estate
                                
                                
                                Banking
                                
                                
                                AFDS
                                
                                
                                PFG
                                
                                
                                Other
                                
                                
                                Consolidated2010Net
      interest income
                                
                                $
                                228,022
                                
                                
                                $
                                55,361
                                
                                
                                $
                                41,161
                                
                                
                                $
                                324,544
                                
                                
                                $
                                43,885
                                
                                
                                $
                                23,480
                                
                                
                                $
                                7,747
                                
                                
                                $
                                399,656Provision
      for credit losses
                                
                                
                                (48,804
                                )
                                
                                
                                (12,599
                                )
                                
                                
                                (58,489
                                )
                                
                                
                                (119,892
                                )
                                
                                
                                10,821
                                
                                
                                
                                (3,744
                                )
                                
                                
                                (80,591
                                )
                                
                                
                                (193,406
                                )Non
      interest income
                                
                                
                                145,796
                                
                                
                                
                                26,885
                                
                                
                                
                                3,625
                                
                                
                                
                                176,306
                                
                                
                                
                                16,502
                                
                                
                                
                                63,574
                                
                                
                                
                                13,261
                                
                                
                                
                                269,643Non
      interest expense
                                
                                
                                (256,108
                                )
                                
                                
                                (41,251
                                )
                                
                                
                                (8,339
                                )
                                
                                
                                (305,698
                                )
                                
                                
                                (27,443
                                )
                                
                                
                                (68,717
                                )
                                
                                
                                (11,952
                                )
                                
                                
                                (413,810
                                )Income
      taxes
                                
                                
                                (24,117
                                )
                                
                                
                                (9,939
                                )
                                
                                
                                7,715
                                
                                
                                
                                (26,341
                                )
                                
                                
                                (15,318
                                )
                                
                                
                                (5,108
                                )
                                
                                
                                33,448
                                
                                
                                
                                (13,319
                                )Operating/reported
      net income (loss)
                                
                                $
                                44,789
                                
                                
                                $
                                18,457
                                
                                
                                $
                                (14,327
                                )
                                
                                $
                                48,919
                                
                                
                                $
                                28,447
                                
                                
                                $
                                9,485
                                
                                
                                $
                                (38,087
                                )
                                
                                $
                                48,7642009Net
      interest income
                                
                                $
                                223,046
                                
                                
                                $
                                51,361
                                
                                
                                $
                                33,945
                                
                                
                                $
                                308,352
                                
                                
                                $
                                32,207
                                
                                
                                $
                                19,609
                                
                                
                                $
                                (10,269
                                )
                                
                                $
                                349,899Provision
      for credit losses
                                
                                
                                (107,496
                                )
                                
                                
                                (63,516
                                )
                                
                                
                                (231,213
                                )
                                
                                
                                (402,225
                                )
                                
                                
                                (13,139
                                )
                                
                                
                                (8,427
                                )
                                
                                
                                10,084
                                
                                
                                
                                (413,707
                                )Non-Interest
      income
                                
                                
                                128,417
                                
                                
                                
                                21,036
                                
                                
                                
                                286
                                
                                
                                
                                149,739
                                
                                
                                
                                17,154
                                
                                
                                
                                61,126
                                
                                
                                
                                37,926
                                
                                
                                
                                265,945Non-Interest
      expense
                                
                                
                                (221,147
                                )
                                
                                
                                (36,149
                                )
                                
                                
                                (7,557
                                )
                                
                                
                                (264,853
                                )
                                
                                
                                (27,294
                                )
                                
                                
                                (56,307
                                )
                                
                                
                                8,472
                                
                                
                                
                                (339,982
                                )Income
      taxes
                                
                                
                                (7,986
                                )
                                
                                
                                9,544
                                
                                
                                
                                71,588
                                
                                
                                
                                73,146
                                
                                
                                
                                (3,125
                                )
                                
                                
                                (5,600
                                )
                                
                                
                                (51,671
                                )
                                
                                
                                12,750Operating/reported
      net income (loss)
                                
                                $
                                14,834
                                
                                
                                $
                                (17,724
                                )
                                
                                $
                                (132,951
                                )
                                
                                $
                                (135,841
                                )
                                
                                $
                                5,803
                                
                                
                                $
                                10,401
                                
                                
                                $
                                (5,458
                                )
                                
                                $
                                (125,095
                                )
  Income
Statements
 
 Six Months Ended June 30,Retail &
                                
                                
                                
                                
                                
                                
                                
                                
                                FormerBusiness
                                
                                
                                
                                
                                
                                Commercial
                                
                                
                                Regional
                                
                                
                                
                                
                                
                                
                                
                                
                                Treasury/
                                
                                
                                Huntington(in thousands)
                                
                                Banking
                                
                                
                                Commercial
                                
                                
                                Real Estate
                                
                                
                                Banking
                                
                                
                                AFDS
                                
                                
                                PFG
                                
                                
                                Other
                                
                                
                                Consolidated2010Net
      interest income
                                
                                $
                                445,700
                                
                                
                                $
                                109,851
                                
                                
                                $
                                79,587
                                
                                
                                $
                                635,138
                                
                                
                                $
                                83,301
                                
                                
                                $
                                46,049
                                
                                
                                $
                                29,061
                                
                                
                                $
                                793,549Provision
      for credit losses
                                
                                
                                (121,874
                                )
                                
                                
                                (53,597
                                )
                                
                                
                                (178,997
                                )
                                
                                
                                (354,468
                                )
                                
                                
                                14,093
                                
                                
                                
                                4,799
                                
                                
                                
                                (92,838
                                )
                                
                                
                                (428,414
                                )Non
      interest income
                                
                                
                                262,151
                                
                                
                                
                                52,384
                                
                                
                                
                                4,125
                                
                                
                                
                                318,660
                                
                                
                                
                                33,062
                                
                                
                                
                                129,242
                                
                                
                                
                                29,531
                                
                                
                                
                                510,495Non
      interest expense
                                
                                
                                (495,928
                                )
                                
                                
                                (79,204
                                )
                                
                                
                                (20,534
                                )
                                
                                
                                (595,666
                                )
                                
                                
                                (55,035
                                )
                                
                                
                                (139,511
                                )
                                
                                
                                (21,691
                                )
                                
                                
                                (811,903
                                )Income
      taxes
                                
                                
                                (31,517
                                )
                                
                                
                                (10,302
                                )
                                
                                
                                40,537
                                
                                
                                
                                (1,282
                                )
                                
                                
                                (26,397
                                )
                                
                                
                                (14,203
                                )
                                
                                
                                66,656
                                
                                
                                
                                24,774Operating/reported
      net income (loss)
                                
                                $
                                58,532
                                
                                
                                $
                                19,132
                                
                                
                                $
                                (75,282
                                )
                                
                                $
                                2,382
                                
                                
                                $
                                49,024
                                
                                
                                $
                                26,376
                                
                                
                                $
                                10,719
                                
                                
                                $
                                88,5012009Net
      interest income
                                
                                $
                                456,379
                                
                                
                                $
                                104,509
                                
                                
                                $
                                67,322
                                
                                
                                $
                                628,210
                                
                                
                                $
                                71,678
                                
                                
                                $
                                37,781
                                
                                
                                $
                                (50,265
                                )
                                
                                $
                                687,404Provision
      for credit losses
                                
                                
                                (194,108
                                )
                                
                                
                                (115,657
                                )
                                
                                
                                (332,363
                                )
                                
                                
                                (642,128
                                )
                                
                                
                                (57,178
                                )
                                
                                
                                (17,984
                                )
                                
                                
                                11,746
                                
                                
                                
                                (705,544
                                )Non-Interest
      income
                                
                                
                                253,890
                                
                                
                                
                                45,683
                                
                                
                                
                                1,370
                                
                                
                                
                                300,943
                                
                                
                                
                                27,080
                                
                                
                                
                                124,719
                                
                                
                                
                                52,305
                                
                                
                                
                                505,047Non-Interest
      expense, excluding goodwill impairment
                                
                                
                                (436,564
                                )
                                
                                
                                (67,226
                                )
                                
                                
                                (15,563
                                )
                                
                                
                                (519,353
                                )
                                
                                
                                (58,566
                                )
                                
                                
                                (115,435
                                )
                                
                                
                                (9,453
                                )
                                
                                
                                (702,807
                                )Goodwill
      impairment
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                —
                                
                                
                                
                                (2,573,818
                                )(1)
                                
                                
                                —
                                
                                
                                
                                (28,895
                                )
                                
                                
                                (4,231
                                )
                                
                                
                                (2,606,944
                                )Income
      taxes
                                
                                
                                (27,859
                                )
                                
                                
                                11,442
                                
                                
                                
                                97,732
                                
                                
                                
                                81,315
                                
                                
                                
                                5,945
                                
                                
                                
                                (65
                                )
                                
                                
                                177,347
                                
                                
                                
                                264,542Operating/reported
      net income (loss)
                                
                                $
                                51,738
                                
                                
                                $
                                (21,249
                                )
                                
                                $
                                (181,502
                                )
                                
                                $
                                (2,724,831
                                )
                                
                                $
                                (11,041
                                )
                                
                                $
                                121
                                
                                
                                $
                                177,449
                                
                                
                                $
                                (2,558,302
                                )
 
 (1)
              Represents the 2009 first quarter
      goodwill impairment charge associated with the former Regional Banking
      segment. The allocation of this amount to the new business segments was
      not practical.
  45
 
 Assets at
                    
                    
                    Deposits atJune 30,
                    
                    
                    December 31,
                    
                    
                    June 30,
                    
                    
                    June 30,
                    
                    
                    December 31,
                    
                    
                    June 30,(in millions)
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009
                    
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009Retail
      & Business Banking
                    
                    $
                    16,692
                    
                    
                    $
                    16,565
                    
                    
                    $
                    18,318
                    
                    
                    $
                    28,861
                    
                    
                    $
                    28,877
                    
                    
                    $
                    27,897Commercial
      Banking
                    
                    
                    7,718
                    
                    
                    
                    7,767
                    
                    
                    
                    8,448
                    
                    
                    
                    6,230
                    
                    
                    
                    6,031
                    
                    
                    
                    5,712Commercial
      Real Estate
                    
                    
                    6,311
                    
                    
                    
                    7,426
                    
                    
                    
                    6,906
                    
                    
                    
                    626
                    
                    
                    
                    535
                    
                    
                    
                    484AFDS
                    
                    
                    6,506
                    
                    
                    
                    5,142
                    
                    
                    
                    5,182
                    
                    
                    
                    99
                    
                    
                    
                    83
                    
                    
                    
                    86PFG
                    
                    
                    3,358
                    
                    
                    
                    3,254
                    
                    
                    
                    3,389
                    
                    
                    
                    3,046
                    
                    
                    
                    3,409
                    
                    
                    
                    2,618Treasury
      / Other
                    
                    
                    11,186
                    
                    
                    
                    11,401
                    
                    
                    
                    9,154
                    
                    
                    
                    987
                    
                    
                    
                    1,559
                    
                    
                    
                    2,368Total
                    
                    $
                    51,771
                    
                    
                    $
                    51,555
                    
                    
                    $
                    51,397
                    
                    
                    $
                    39,849
                    
                    
                    $
                    40,494
                    
                    
                    $
                    39,165
  46