Exhibit 99.1
  Huntington
Bancshares Incorporated
 Condensed Consolidated Balance Sheets
 (Unaudited)
 
 2010
                                      
                                      
                                      2009(in thousands, except number of shares)
                                      
                                      March 31,
                                      
                                      
                                      December 31,
                                      
                                      
                                      March 31,AssetsCash
      and due from banks
                                      
                                      $
                                      1,310,640
                                      
                                      
                                      $
                                      1,521,344
                                      
                                      
                                      $
                                      2,272,831Interest
      bearing deposits in banks
                                      
                                      
                                      364,082
                                      
                                      
                                      
                                      319,375
                                      
                                      
                                      
                                      382,755Trading
      account securities
                                      
                                      
                                      150,463
                                      
                                      
                                      
                                      83,657
                                      
                                      
                                      
                                      83,554Loans
      held for sale (fair value: $ 319,166; $459,179 and $469,560
      respectively)
                                      
                                      
                                      327,408
                                      
                                      
                                      
                                      461,647
                                      
                                      
                                      
                                      481,447Investment
      securities
                                      
                                      
                                      8,946,364
                                      
                                      
                                      
                                      8,587,914
                                      
                                      
                                      
                                      4,908,332Loans
      and leases (fair value: $730,508 at March 31, 2010)
                                      
                                      
                                      36,931,681
                                      
                                      
                                      
                                      36,790,663
                                      
                                      
                                      
                                      39,548,364Allowance
      for loan and lease losses
                                      
                                      
                                      (1,477,969
                                      )
                                      
                                      
                                      (1,482,479
                                      )
                                      
                                      
                                      (838,549
                                      )Net
      loans and leases
                                      
                                      
                                      35,453,712
                                      
                                      
                                      
                                      35,308,184
                                      
                                      
                                      
                                      38,709,815Bank
      owned life insurance
                                      
                                      
                                      1,422,874
                                      
                                      
                                      
                                      1,412,333
                                      
                                      
                                      
                                      1,376,996Premises
      and equipment
                                      
                                      
                                      491,573
                                      
                                      
                                      
                                      496,021
                                      
                                      
                                      
                                      517,130Goodwill
                                      
                                      
                                      444,268
                                      
                                      
                                      
                                      444,268
                                      
                                      
                                      
                                      452,110Other
      intangible assets
                                      
                                      
                                      273,952
                                      
                                      
                                      
                                      289,098
                                      
                                      
                                      
                                      339,572Accrued
      income and other assets
                                      
                                      
                                      2,681,462
                                      
                                      
                                      
                                      2,630,824
                                      
                                      
                                      
                                      2,177,583Total
      assets
                                      
                                      $
                                      51,866,798
                                      
                                      
                                      $
                                      51,554,665
                                      
                                      
                                      $
                                      51,702,125Liabilities
      and shareholders’ equityLiabilitiesDeposits
                                      
                                      $
                                      40,303,467
                                      
                                      
                                      $
                                      40,493,927
                                      
                                      
                                      $
                                      39,070,273Short-term
      borrowings
                                      
                                      
                                      980,839
                                      
                                      
                                      
                                      876,241
                                      
                                      
                                      
                                      1,055,247Federal
      Home Loan Bank advances
                                      
                                      
                                      157,895
                                      
                                      
                                      
                                      168,977
                                      
                                      
                                      
                                      957,953Other
      long-term debt (fair value: $573,018 at March 31, 2010)
                                      
                                      
                                      2,727,745
                                      
                                      
                                      
                                      2,369,491
                                      
                                      
                                      
                                      2,734,446Subordinated
      notes
                                      
                                      
                                      1,266,907
                                      
                                      
                                      
                                      1,264,202
                                      
                                      
                                      
                                      1,905,383Accrued
      expenses and other liabilities
                                      
                                      
                                      1,060,259
                                      
                                      
                                      
                                      1,045,825
                                      
                                      
                                      
                                      1,164,087Total
      liabilities
                                      
                                      
                                      46,497,112
                                      
                                      
                                      
                                      46,218,663
                                      
                                      
                                      
                                      46,887,389Shareholders’
      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
                                      
                                      
                                      1,329,186
                                      
                                      
                                      
                                      1,325,008
                                      
                                      
                                      
                                      1,312,8758.50%
      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
                                      
                                      
                                      
                                      454,891Common
      stock — Par value of $0.01 and authorized 1,000,000,000
    shares
                                      
                                      
                                      7,174
                                      
                                      
                                      
                                      7,167
                                      
                                      
                                      
                                      3,916Capital
      surplus
                                      
                                      
                                      6,735,472
                                      
                                      
                                      
                                      6,731,796
                                      
                                      
                                      
                                      5,465,457Less
      treasury shares, at cost
                                      
                                      
                                      (9,019
                                      )
                                      
                                      
                                      (11,465
                                      )
                                      
                                      
                                      (14,222
                                      )Accumulated
      other comprehensive loss
                                      
                                      
                                      (133,473
                                      )
                                      
                                      
                                      (156,985
                                      )
                                      
                                      
                                      (279,589
                                      )Retained
      (deficit) earnings
                                      
                                      
                                      (2,922,161
                                      )
                                      
                                      
                                      (2,922,026
                                      )
                                      
                                      
                                      (2,128,592
                                      )Total
      shareholders’ equity
                                      
                                      
                                      5,369,686
                                      
                                      
                                      
                                      5,336,002
                                      
                                      
                                      
                                      4,814,736Total
      liabilities and shareholders’ equity
                                      
                                      $
                                      51,866,798
                                      
                                      
                                      $
                                      51,554,665
                                      
                                      
                                      $
                                      51,702,125Common
      shares issued
                                      
                                      
                                      717,382,476
                                      
                                      
                                      
                                      716,741,249
                                      
                                      
                                      
                                      391,595,609Common
      shares outstanding
                                      
                                      
                                      716,556,641
                                      
                                      
                                      
                                      715,761,672
                                      
                                      
                                      
                                      390,681,633Treasury
      shares outstanding
                                      
                                      
                                      825,835
                                      
                                      
                                      
                                      979,577
                                      
                                      
                                      
                                      913,976Preferred
      shares issued
                                      
                                      
                                      1,967,071
                                      
                                      
                                      
                                      1,967,071
                                      
                                      
                                      
                                      1,967,071Preferred
      shares outstanding
                                      
                                      
                                      1,760,578
                                      
                                      
                                      
                                      1,760,578
                                      
                                      
                                      
                                      1,852,962
  See
Notes to Unaudited Condensed Consolidated Financial Statements
  1
  Huntington Bancshares Incorporated
 Condensed Consolidated Statements of
Income
 (Unaudited)
 
 Three
      Months EndedMarch 31,(in thousands, except per share
      amounts)
                                              
                                              2010
                                              
                                              
                                              2009Interest
      and fee incomeLoans
      and leasesTaxable
                                              
                                              $
                                              479,120
                                              
                                              
                                              $
                                              497,588Tax-exempt
                                              
                                              
                                              713
                                              
                                              
                                              
                                              1,098Investment
      securitiesTaxable
                                              
                                              
                                              58,988
                                              
                                              
                                              
                                              55,461Tax-exempt
                                              
                                              
                                              3,091
                                              
                                              
                                              
                                              4,755Other
                                              
                                              
                                              4,867
                                              
                                              
                                              
                                              11,055Total
      interest income
                                              
                                              
                                              546,779
                                              
                                              
                                              
                                              569,957Interest
      expenseDeposits
                                              
                                              
                                              128,302
                                              
                                              
                                              
                                              187,569Short-term
      borrowings
                                              
                                              
                                              476
                                              
                                              
                                              
                                              681Federal
      Home Loan Bank advances
                                              
                                              
                                              1,212
                                              
                                              
                                              
                                              6,234Subordinated
      notes and other long-term debt
                                              
                                              
                                              22,896
                                              
                                              
                                              
                                              37,968Total
      interest expense
                                              
                                              
                                              152,886
                                              
                                              
                                              
                                              232,452Net
      interest income
                                              
                                              
                                              393,893
                                              
                                              
                                              
                                              337,505Provision
      for credit losses
                                              
                                              
                                              235,008
                                              
                                              
                                              
                                              291,837Net
      interest income after provision for credit losses
                                              
                                              
                                              158,885
                                              
                                              
                                              
                                              45,668Service
      charges on deposit accounts
                                              
                                              
                                              69,339
                                              
                                              
                                              
                                              69,878Brokerage
      and insurance income
                                              
                                              
                                              35,762
                                              
                                              
                                              
                                              39,948Mortgage
      banking income
                                              
                                              
                                              25,038
                                              
                                              
                                              
                                              35,418Trust
      services
                                              
                                              
                                              27,765
                                              
                                              
                                              
                                              24,810Electronic
      banking
                                              
                                              
                                              25,137
                                              
                                              
                                              
                                              22,482Bank
      owned life insurance income
                                              
                                              
                                              16,470
                                              
                                              
                                              
                                              12,912Automobile
      operating lease income
                                              
                                              
                                              12,303
                                              
                                              
                                              
                                              13,228Net
      (losses) gains on sales of investment securities
                                              
                                              
                                              6,430
                                              
                                              
                                              
                                              5,989Impairment
      losses on investment securities:Impairment
      losses on investment securities
                                              
                                              
                                              (8,400
                                              )
                                              
                                              
                                              —Noncredit-related
      losses on securities not expected to be sold (recognized in other
      comprehensive income)
                                              
                                              
                                              1,939
                                              
                                              
                                              
                                              —Net
      impairment losses on investment securities
                                              
                                              
                                              (6,461
                                              )
                                              
                                              
                                              (3,922
                                              )Other
      income
                                              
                                              
                                              29,069
                                              
                                              
                                              
                                              18,359Total
      non-interest income
                                              
                                              
                                              240,852
                                              
                                              
                                              
                                              239,102Personnel
      costs
                                              
                                              
                                              183,642
                                              
                                              
                                              
                                              175,932Outside
      data processing and other services
                                              
                                              
                                              39,082
                                              
                                              
                                              
                                              32,992Deposit
      and other insurance expense
                                              
                                              
                                              24,755
                                              
                                              
                                              
                                              17,421Net
      occupancy
                                              
                                              
                                              29,086
                                              
                                              
                                              
                                              29,188OREO
      and foreclosure expense
                                              
                                              
                                              11,530
                                              
                                              
                                              
                                              9,887Equipment
                                              
                                              
                                              20,624
                                              
                                              
                                              
                                              20,410Professional
      services
                                              
                                              
                                              22,697
                                              
                                              
                                              
                                              16,454Amortization
      of intangibles
                                              
                                              
                                              15,146
                                              
                                              
                                              
                                              17,135Automobile
      operating lease expense
                                              
                                              
                                              10,066
                                              
                                              
                                              
                                              10,931Marketing
                                              
                                              
                                              11,153
                                              
                                              
                                              
                                              8,225Telecommunications
                                              
                                              
                                              6,171
                                              
                                              
                                              
                                              5,890Printing
      and supplies
                                              
                                              
                                              3,673
                                              
                                              
                                              
                                              3,572Goodwill
      impairment
                                              
                                              
                                              —
                                              
                                              
                                              
                                              2,602,713Gain
      on early extinguishment of debt
                                              
                                              
                                              —
                                              
                                              
                                              
                                              (729
                                              )Other
      expense
                                              
                                              
                                              20,468
                                              
                                              
                                              
                                              19,748Total
      non-interest expense
                                              
                                              
                                              398,093
                                              
                                              
                                              
                                              2,969,769Income
      (loss) before income taxes
                                              
                                              
                                              1,644
                                              
                                              
                                              
                                              (2,684,999
                                              )Benefit
      for income taxes
                                              
                                              
                                              (38,093
                                              )
                                              
                                              
                                              (251,792
                                              )Net
      income (loss)
                                              
                                              
                                              39,737
                                              
                                              
                                              
                                              (2,433,207
                                              )Dividends
      on preferred shares
                                              
                                              
                                              29,357
                                              
                                              
                                              
                                              58,793Net
      income (loss) applicable to common shares
                                              
                                              $
                                              10,380
                                              
                                              
                                              $
                                              (2,492,000
                                              )Average
      common shares — basic
                                              
                                              
                                              716,320
                                              
                                              
                                              
                                              366,919Average
      common shares — diluted
                                              
                                              
                                              718,593
                                              
                                              
                                              
                                              366,919Per
      common shareNet
      income (loss) — basic
                                              
                                              $
                                              0.01
                                              
                                              
                                              $
                                              (6.79
                                              )Net
      income (loss) — diluted
                                              
                                              
                                              0.01
                                              
                                              
                                              
                                              (6.79
                                              )Cash
      dividends declared
                                              
                                              
                                              0.0100
                                              
                                              
                                              
                                              0.0100
  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)
                                    
                                    
                                    TotalThree
      Months Ended March 31, 2009Balance,
      beginning of period
                                    
                                    
                                    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
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (2,433,207
                                    )
                                    
                                    
                                    (2,433,207
                                    )Unrealized
      net gains on investment securities arising during the period, net of
      reclassification for net realized gains, net of tax of
      ($25,506)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    46,684
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    46,684Unrealized
      gains on cash flow hedging derivatives, net of tax of $581
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (1,058
                                    )
                                    
                                    
                                    
                                    
                                    
                                    
                                    (1,058
                                    )Change
      in accumulated unrealized losses for pension and other post- retirement
      obligations, net of tax of ($795)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    1,478
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    1,478Total
      comprehensive loss
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (2,386,103
                                    )Conversion
      of Preferred Series A stock
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (114
                                    )
                                    
                                    
                                    (114,109
                                    )
                                    
                                    
                                    24,591
                                    
                                    
                                    
                                    246
                                    
                                    
                                    
                                    141,605
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (27,742
                                    )
                                    
                                    
                                    —Amortization
      of discount
                                    
                                    
                                    
                                    
                                    
                                    
                                    3,908
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (3,908
                                    )
                                    
                                    
                                    —Cash
      dividends declared:Common
      ($0.01 per share)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (3,593
                                    )
                                    
                                    
                                    (3,593
                                    )Preferred
      Series B ($12.50 per share)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (17,476
                                    )
                                    
                                    
                                    (17,476
                                    )Preferred
      Series A ($21.25 per share)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (9,667
                                    )
                                    
                                    
                                    (9,667
                                    )Recognition
      of the fair value of share-based compensation
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    2,823
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    2,823Other
      share-based compensation activity
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    33
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    (255
                                    )
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (58
                                    )
                                    
                                    
                                    (313
                                    )Other
                                    
                                    
                                    
                                    
                                    
                                    
                                    300
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (1,144
                                    )
                                    
                                    
                                    1
                                    
                                    
                                    
                                    1,308
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (305
                                    )
                                    
                                    
                                    159Balance,
      end of period
                                    
                                    
                                    1,398
                                    
                                    
                                    $
                                    1,312,875
                                    
                                    
                                    
                                    455
                                    
                                    
                                    $
                                    454,891
                                    
                                    
                                    
                                    391,596
                                    
                                    
                                    $
                                    3,916
                                    
                                    
                                    $
                                    5,465,457
                                    
                                    
                                    
                                    (914
                                    )
                                    
                                    $
                                    (14,222
                                    )
                                    
                                    $
                                    (279,589
                                    )
                                    
                                    $
                                    (2,128,592
                                    )
                                    
                                    $
                                    4,814,736Three
      Months Ended March 31, 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
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    39,737
                                    
                                    
                                    
                                    39,737Non-credit-related
      impairment losses on debt securities not expected to be sold, net of tax
      of $679
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (1,261
                                    )
                                    
                                    
                                    
                                    
                                    
                                    
                                    (1,261
                                    )Unrealized
      net gains on investment securities arising during the period, net of
      reclassification for net realized gains, net of tax of
      ($13,422)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    24,558
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    24,558Unrealized
      gains on cash flow hedging derivatives, net of tax of
    ($1,776)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    3,298
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    3,298Change
      in accumulated unrealized losses for pension and other post- retirement
      obligations, net of tax of ($628)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    1,166
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    1,166Total
      comprehensive income
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    67,498Issuance
      of common stock
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    537
                                    
                                    
                                    
                                    5
                                    
                                    
                                    
                                    2,264
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    2,269Amortization
      of discount
                                    
                                    
                                    
                                    
                                    
                                    
                                    4,178
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (4,178
                                    )
                                    
                                    
                                    —Cash
      dividends declared:Common
      ($0.01 per share)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (7,165
                                    )
                                    
                                    
                                    (7,165
                                    )Preferred
      Series B ($12.50 per share)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (17,476
                                    )
                                    
                                    
                                    (17,476
                                    )Preferred
      Series A ($21.25 per share)
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (7,703
                                    )
                                    
                                    
                                    (7,703
                                    )Recognition
      of the fair value of share-based compensation
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    2,933
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    2,933Other
      share-based compensation activity
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    104
                                    
                                    
                                    
                                    2
                                    
                                    
                                    
                                    257
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (17
                                    )
                                    
                                    
                                    242Other
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    (1,778
                                    )
                                    
                                    
                                    154
                                    
                                    
                                    
                                    2,446
                                    
                                    
                                    
                                    
                                    
                                    
                                    
                                    129
                                    
                                    
                                    
                                    797Balance,
      end of period
                                    
                                    
                                    1,398
                                    
                                    
                                    $
                                    1,329,186
                                    
                                    
                                    
                                    363
                                    
                                    
                                    $
                                    362,507
                                    
                                    
                                    
                                    717,382
                                    
                                    
                                    $
                                    7,174
                                    
                                    
                                    $
                                    6,735,472
                                    
                                    
                                    
                                    (826
                                    )
                                    
                                    $
                                    (9,019
                                    )
                                    
                                    $
                                    (133,473
                                    )
                                    
                                    $
                                    (2,922,161
                                    )
                                    
                                    $
                                    5,369,686
  See
Notes to Unaudited Condensed Consolidated Financial Statements
  3
  Huntington Bancshares Incorporated
 Condensed Consolidated Statements of Cash
Flows
 (Unaudited)
 
 Three Months EndedMarch 31,(in thousands)
                                    
                                    2010
                                    
                                    
                                    2009Operating
      activitiesNet
      income (loss)
                                    
                                    $
                                    39,737
                                    
                                    
                                    $
                                    (2,433,207
                                    )Adjustments
      to reconcile net income (loss) to net cash provided by operating
      activities:Impairment
      of goodwill
                                    
                                    
                                    —
                                    
                                    
                                    
                                    2,602,713Provision
      for credit losses
                                    
                                    
                                    235,008
                                    
                                    
                                    
                                    291,837Depreciation
      and amortization
                                    
                                    
                                    69,730
                                    
                                    
                                    
                                    53,756Change
      in current and deferred income taxes
                                    
                                    
                                    (38,153
                                    )
                                    
                                    
                                    (141,170
                                    )Net
      (purchases) sales of trading account securities
                                    
                                    
                                    (66,806
                                    )
                                    
                                    
                                    856,215Originations
      of loans held for sale
                                    
                                    
                                    (634,129
                                    )
                                    
                                    
                                    (1,529,276
                                    )Principal
      payments on and proceeds from loans held for sale
                                    
                                    
                                    765,286
                                    
                                    
                                    
                                    1,408,133Other,
      net
                                    
                                    
                                    (54,540
                                    )
                                    
                                    
                                    (49,429
                                    )Net
      cash provided by operating activities
                                    
                                    
                                    316,133
                                    
                                    
                                    
                                    1,059,572Investing
      activitiesIncrease
      in interest bearing deposits in banks
                                    
                                    
                                    7,570
                                    
                                    
                                    
                                    9,420Proceeds
      from:Maturities
      and calls of investment securities
                                    
                                    
                                    673,751
                                    
                                    
                                    
                                    130,943Sales
      of investment securities
                                    
                                    
                                    716,752
                                    
                                    
                                    
                                    634,463Purchases
      of investment securities
                                    
                                    
                                    (1,582,391
                                    )
                                    
                                    
                                    (743,264
                                    )Net
      proceeds from sales of loans
                                    
                                    
                                    —
                                    
                                    
                                    
                                    949,398Net
      loan and lease activity, excluding sales
                                    
                                    
                                    53,992
                                    
                                    
                                    
                                    (106,706
                                    )Purchases
      of operating lease assets
                                    
                                    
                                    —
                                    
                                    
                                    
                                    (102
                                    )Proceeds
      from sale of operating lease assets
                                    
                                    
                                    4,242
                                    
                                    
                                    
                                    1,637Purchases
      of premises and equipment
                                    
                                    
                                    (13,233
                                    )
                                    
                                    
                                    (14,946
                                    )Proceeds
      from sales of other real estate
                                    
                                    
                                    13,222
                                    
                                    
                                    
                                    5,959Other,
      net
                                    
                                    
                                    599
                                    
                                    
                                    
                                    371Net
      cash (used for) provided by investing activities
                                    
                                    
                                    (125,496
                                    )
                                    
                                    
                                    867,173Financing
      activities(Decrease)
      increase in deposits
                                    
                                    
                                    (193,616
                                    )
                                    
                                    
                                    1,127,617Increase
      (decrease) in short-term borrowings
                                    
                                    
                                    113,766
                                    
                                    
                                    
                                    (297,472
                                    )Maturity/redemption
      of subordinated notes
                                    
                                    
                                    —
                                    
                                    
                                    
                                    (26,050
                                    )Proceeds
      from Federal Home Loan Bank advances
                                    
                                    
                                    —
                                    
                                    
                                    
                                    201,083Maturity/redemption
      of Federal Home Loan Bank advances
                                    
                                    
                                    (11,153
                                    )
                                    
                                    
                                    (1,832,219
                                    )Proceeds
      from issuance of long-term debt
                                    
                                    
                                    —
                                    
                                    
                                    
                                    598,200Maturity/redemption
      of long-term debt
                                    
                                    
                                    (278,257
                                    )
                                    
                                    
                                    (199,410
                                    )Dividends
      paid on preferred stock
                                    
                                    
                                    (25,179
                                    )
                                    
                                    
                                    (29,761
                                    )Dividends
      paid on common stock
                                    
                                    
                                    (7,144
                                    )
                                    
                                    
                                    (40,257
                                    )Other,
      net
                                    
                                    
                                    242
                                    
                                    
                                    
                                    (313
                                    )Net
      cash used for financing activities
                                    
                                    
                                    (401,341
                                    )
                                    
                                    
                                    (498,582
                                    )(Decrease)
      increase in cash and cash equivalents
                                    
                                    
                                    (210,704
                                    )
                                    
                                    
                                    1,428,163Cash
      and cash equivalents at beginning of period
                                    
                                    
                                    1,521,344
                                    
                                    
                                    
                                    844,668Cash
      and cash equivalents at end of period
                                    
                                    $
                                    1,310,640
                                    
                                    
                                    $
                                    2,272,831Supplemental
      disclosures:Income
      taxes paid (refunded)
                                    
                                    $
                                    60
                                    
                                    
                                    $
                                    (110,622
                                    )Interest
      paid
                                    
                                    
                                    160,273
                                    
                                    
                                    
                                    256,654Non-cash
      activitiesDividends
      accrued, paid in subsequent quarter
                                    
                                    
                                    23,326
                                    
                                    
                                    
                                    21,611
  See
Notes to Unaudited Condensed Consolidated Financial Statements.
  4
  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).
  3.
LOANS AND LEASES
  The
following table provides a detail listing of Huntington’s loan and lease
portfolio at March 31, 2010, December 31, 2009, and March 31,
2009.
 
 March 31,
                        
                        
                        December 31,
                        
                        
                        March 31,(in thousands)
                        
                        2010
                        
                        
                        2009
                        
                        
                        2009Loans
      and leases:Commercial
      and industrial loans and leases
                        
                        $
                        12,245,166
                        
                        
                        $
                        12,888,100
                        
                        
                        $
                        13,767,983Commercial
      real estate loans
                        
                        
                        7,456,023
                        
                        
                        
                        7,688,827
                        
                        
                        
                        9,261,024Automobile
      loans
                        
                        
                        4,212,110
                        
                        
                        
                        3,144,329
                        
                        
                        
                        2,894,261Automobile
      leases
                        
                        
                        190,961
                        
                        
                        
                        246,265
                        
                        
                        
                        467,644Home
      equity loans
                        
                        
                        7,514,300
                        
                        
                        
                        7,562,060
                        
                        
                        
                        7,663,484Residential
      mortgage loans
                        
                        
                        4,613,845
                        
                        
                        
                        4,510,347
                        
                        
                        
                        4,837,101Other
      consumer loans
                        
                        
                        699,276
                        
                        
                        
                        750,735
                        
                        
                        
                        656,867Loans
      and leases
                        
                        
                        36,931,681
                        
                        
                        
                        36,790,663
                        
                        
                        
                        39,548,364Allowance
      for loan and lease losses
                        
                        
                        (1,477,969
                        )
                        
                        
                        (1,482,479
                        )
                        
                        
                        (838,549
                        )Net
      loans and leases
                        
                        $
                        35,453,712
                        
                        
                        $
                        35,308,184
                        
                        
                        $
                        38,709,815
  5
  The Bank
has access to the Federal Reserve’s discount window and advances from the
FHLB-Cincinnati. These borrowings and advances are generally secured by $16.3
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.
  The
excess of cash flows expected at acquisition over the estimated fair value is
referred to as the accretable discount and is recognized in interest income over
the remaining life of the loan, or pool of loans, in situations where there is a
reasonable expectation about the timing and amount of cash flows expected to be
collected. The difference between the contractually required payments at
acquisition and the cash flows expected to be collected at acquisition,
considering the impact of prepayments, is referred to as the nonaccretable
discount. Subsequent decreases to the expected cash flows will generally result
in an increase to the allowance for loan and lease losses. Subsequent increases
in cash flows result in reversal of any nonaccretable discount (or allowance for
loan and lease losses to the extent any has been recorded) with a positive
impact on interest income. The measurement of undiscounted cash flows involves
assumptions and judgments for credit risk, interest rate risk, prepayment risk,
default rates, loss severity, payment speeds, and collateral values. All of
these factors are inherently subjective and significant changes in the cash flow
estimates over the life of the loan can result.
  At
March 31, 2010, there were no additional credit losses recorded on the
portfolio and no adjustment to the accretable yield or nonaccretable yield was
required.
  The
following table presents a rollforward of the accretable discount for the three
months ended March 31, 2010 and 2009:
 
 Three
      Months EndedMarch 31,(in thousands)
                        
                        2010
                        
                        
                        2009Balance,
      beginning of period
                        
                        $
                        35,286
                        
                        
                        $
                        —Additions
                        
                        
                        —
                        
                        
                        
                        39,781Accretion
                        
                        
                        (1,509
                        )
                        
                        
                        —Reclassification
      to nonaccretable difference (1)
                        
                        
                        (6,116
                        )
                        
                        
                        —Balance,
      end of period
                        
                        $
                        27,661
                        
                        
                        $
                        39,781
 
 (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 March 31, 2010 and
2009:
 
 March
      31,
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    
                    March
      31,2010
                    
                    
                    December 31, 2009
                    
                    
                    2009Carrying
                    
                    
                    Outstanding
                    
                    
                    Carrying
                    
                    
                    Outstanding
                    
                    
                    Carrying
                    
                    
                    Outstanding(in thousands)
                    
                    Value
                    
                    
                    Balance
                    
                    
                    Value
                    
                    
                    Balance
                    
                    
                    Value
                    
                    
                    BalanceResidential
      mortgage
                    
                    $
                    349,300
                    
                    
                    $
                    645,979
                    
                    
                    $
                    373,117
                    
                    
                    $
                    680,068
                    
                    
                    $
                    427,944
                    
                    
                    $
                    772,767Home
      equity
                    
                    
                    69,559
                    
                    
                    
                    800,259
                    
                    
                    
                    70,737
                    
                    
                    
                    810,139
                    
                    
                    
                    65,609
                    
                    
                    
                    839,928Total
                    
                    $
                    418,859
                    
                    
                    $
                    1,446,238
                    
                    
                    $
                    443,854
                    
                    
                    $
                    1,490,207
                    
                    
                    $
                    493,553
                    
                    
                    $
                    1,612,695
  6
  At
March 31, 2010, $89.9 million of the loans accrue interest while
$329.0 million were on nonaccrual. Management has concluded that it cannot
reliably estimate the timing of collection of cash flows for delinquent first
and second lien mortgages, because the majority of the expected cash flows for
the delinquent portfolio will result from the foreclosure and subsequent
disposition of the underlying collateral supporting the loans.
  The
consolidation of Franklin 2009 Trust at March 31, 2009 resulted in the
recording of a $95.8 million liability, representing the 17% of Franklin
2009 Trust certificates not acquired by Huntington. At March 31, 2010, the
balance of the liability was $76.1 million. These certificates were
retained by Franklin.
  For the
three month period ended March 31, 2010, Huntington charged-off
$11.5 million of loans acquired with deteriorating credit quality. As of
March 31, 2010, December 31, 2009, and March 31, 2009, Huntington
did not maintain any allowance for loan and lease losses related to these
loans.
  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 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 March 31,
2010, December 31, 2009, and March 31, 2009:
 
 March 31, 2010
                                                    
                                                    
                                                    December 31, 2009
                                                    
                                                    
                                                    March 31, 2009Amortized
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    Amortized
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    AmortizedCost
                                                    
                                                    
                                                    Fair Value
                                                    
                                                    
                                                    Cost
                                                    
                                                    
                                                    Fair Value
                                                    
                                                    
                                                    Cost
                                                    
                                                    
                                                    Fair ValueU.S.
      TreasuryUnder
      1 year
                                                    
                                                    $
                                                    —
                                                    
                                                    
                                                    $
                                                    —
                                                    
                                                    
                                                    $
                                                    —
                                                    
                                                    
                                                    $
                                                    —
                                                    
                                                    
                                                    $
                                                    —
                                                    
                                                    
                                                    $
                                                    —1-5 years
                                                    
                                                    
                                                    49,997
                                                    
                                                    
                                                    
                                                    50,185
                                                    
                                                    
                                                    
                                                    99,735
                                                    
                                                    
                                                    
                                                    99,154
                                                    
                                                    
                                                    
                                                    50,779
                                                    
                                                    
                                                    
                                                    50,8156-10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —Over
      10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —Total
      U.S. Treasury
                                                    
                                                    
                                                    49,997
                                                    
                                                    
                                                    
                                                    50,185
                                                    
                                                    
                                                    
                                                    99,735
                                                    
                                                    
                                                    
                                                    99,154
                                                    
                                                    
                                                    
                                                    50,779
                                                    
                                                    
                                                    
                                                    50,815Federal
      agencies — mortgage backed securitiesMortgage
      backed securitiesUnder
      1 year
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —1-5 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —6-10 years
                                                    
                                                    
                                                    738,661
                                                    
                                                    
                                                    
                                                    741,492
                                                    
                                                    
                                                    
                                                    692,119
                                                    
                                                    
                                                    
                                                    688,420
                                                    
                                                    
                                                    
                                                    1
                                                    
                                                    
                                                    
                                                    1Over
      10 years
                                                    
                                                    
                                                    2,697,543
                                                    
                                                    
                                                    
                                                    2,744,922
                                                    
                                                    
                                                    
                                                    2,752,317
                                                    
                                                    
                                                    
                                                    2,791,688
                                                    
                                                    
                                                    
                                                    1,711,937
                                                    
                                                    
                                                    
                                                    1,742,398Total
      mortgage-backed Federal agencies
                                                    
                                                    
                                                    3,436,204
                                                    
                                                    
                                                    
                                                    3,486,414
                                                    
                                                    
                                                    
                                                    3,444,436
                                                    
                                                    
                                                    
                                                    3,480,108
                                                    
                                                    
                                                    
                                                    1,711,938
                                                    
                                                    
                                                    
                                                    1,742,399Temporary
      Liquidity Guarantee Program (TLGP) securitiesUnder
      1 year
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —1-5 years
                                                    
                                                    
                                                    663,486
                                                    
                                                    
                                                    
                                                    665,236
                                                    
                                                    
                                                    
                                                    258,672
                                                    
                                                    
                                                    
                                                    260,388
                                                    
                                                    
                                                    
                                                    186,321
                                                    
                                                    
                                                    
                                                    186,5346-10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —Over
      10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —Total
      TLGP securities
                                                    
                                                    
                                                    663,486
                                                    
                                                    
                                                    
                                                    665,236
                                                    
                                                    
                                                    
                                                    258,672
                                                    
                                                    
                                                    
                                                    260,388
                                                    
                                                    
                                                    
                                                    186,321
                                                    
                                                    
                                                    
                                                    186,534Other
      agenciesUnder
      1 year
                                                    
                                                    
                                                    158,208
                                                    
                                                    
                                                    
                                                    159,865
                                                    
                                                    
                                                    
                                                    159,988
                                                    
                                                    
                                                    
                                                    162,518
                                                    
                                                    
                                                    
                                                    1,456
                                                    
                                                    
                                                    
                                                    1,5051-5 years
                                                    
                                                    
                                                    2,474,382
                                                    
                                                    
                                                    
                                                    2,477,584
                                                    
                                                    
                                                    
                                                    2,556,213
                                                    
                                                    
                                                    
                                                    2,555,782
                                                    
                                                    
                                                    
                                                    1,079,455
                                                    
                                                    
                                                    
                                                    1,094,0206-10 years
                                                    
                                                    
                                                    10,476
                                                    
                                                    
                                                    
                                                    10,667
                                                    
                                                    
                                                    
                                                    8,614
                                                    
                                                    
                                                    
                                                    8,703
                                                    
                                                    
                                                    
                                                    7,260
                                                    
                                                    
                                                    
                                                    7,522Over
      10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —Total
      other Federal agencies
                                                    
                                                    
                                                    2,643,066
                                                    
                                                    
                                                    
                                                    2,648,116
                                                    
                                                    
                                                    
                                                    2,724,815
                                                    
                                                    
                                                    
                                                    2,727,003
                                                    
                                                    
                                                    
                                                    1,088,171
                                                    
                                                    
                                                    
                                                    1,103,047Total
      U.S. Government backed agencies
                                                    
                                                    
                                                    6,792,753
                                                    
                                                    
                                                    
                                                    6,849,951
                                                    
                                                    
                                                    
                                                    6,527,658
                                                    
                                                    
                                                    
                                                    6,566,653
                                                    
                                                    
                                                    
                                                    3,037,209
                                                    
                                                    
                                                    
                                                    3,082,795Municipal
      securitiesUnder
      1 year
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —1-5 years
                                                    
                                                    
                                                    23,098
                                                    
                                                    
                                                    
                                                    23,771
                                                    
                                                    
                                                    
                                                    6,050
                                                    
                                                    
                                                    
                                                    6,123
                                                    
                                                    
                                                    
                                                    1,165
                                                    
                                                    
                                                    
                                                    1,1966-10 years
                                                    
                                                    
                                                    103,904
                                                    
                                                    
                                                    
                                                    106,844
                                                    
                                                    
                                                    
                                                    54,445
                                                    
                                                    
                                                    
                                                    58,037
                                                    
                                                    
                                                    
                                                    50,938
                                                    
                                                    
                                                    
                                                    54,177Over
      10 years
                                                    
                                                    
                                                    298,242
                                                    
                                                    
                                                    
                                                    300,827
                                                    
                                                    
                                                    
                                                    57,952
                                                    
                                                    
                                                    
                                                    60,625
                                                    
                                                    
                                                    
                                                    67,631
                                                    
                                                    
                                                    
                                                    69,598Total
      municipal securities
                                                    
                                                    
                                                    425,244
                                                    
                                                    
                                                    
                                                    431,442
                                                    
                                                    
                                                    
                                                    118,447
                                                    
                                                    
                                                    
                                                    124,785
                                                    
                                                    
                                                    
                                                    119,734
                                                    
                                                    
                                                    
                                                    124,971Private
      label CMOUnder
      1 year
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —1-5 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —6-10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —Over
      10 years
                                                    
                                                    
                                                    509,099
                                                    
                                                    
                                                    
                                                    462,731
                                                    
                                                    
                                                    
                                                    534,377
                                                    
                                                    
                                                    
                                                    477,319
                                                    
                                                    
                                                    
                                                    649,620
                                                    
                                                    
                                                    
                                                    511,949Total
      private label CMO
                                                    
                                                    
                                                    509,099
                                                    
                                                    
                                                    
                                                    462,731
                                                    
                                                    
                                                    
                                                    534,377
                                                    
                                                    
                                                    
                                                    477,319
                                                    
                                                    
                                                    
                                                    649,620
                                                    
                                                    
                                                    
                                                    511,949Asset
      backed securities (1)Under
      1 year
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —1-5 years
                                                    
                                                    
                                                    543,444
                                                    
                                                    
                                                    
                                                    546,371
                                                    
                                                    
                                                    
                                                    352,850
                                                    
                                                    
                                                    
                                                    353,114
                                                    
                                                    
                                                    
                                                    78,676
                                                    
                                                    
                                                    
                                                    78,3666-10 years
                                                    
                                                    
                                                    66,881
                                                    
                                                    
                                                    
                                                    67,333
                                                    
                                                    
                                                    
                                                    256,783
                                                    
                                                    
                                                    
                                                    262,826
                                                    
                                                    
                                                    
                                                    132,190
                                                    
                                                    
                                                    
                                                    131,670Over
      10 years
                                                    
                                                    
                                                    369,727
                                                    
                                                    
                                                    
                                                    219,079
                                                    
                                                    
                                                    
                                                    518,841
                                                    
                                                    
                                                    
                                                    364,376
                                                    
                                                    
                                                    
                                                    646,898
                                                    
                                                    
                                                    
                                                    486,227Total
      asset-backed securities
                                                    
                                                    
                                                    980,052
                                                    
                                                    
                                                    
                                                    832,783
                                                    
                                                    
                                                    
                                                    1,128,474
                                                    
                                                    
                                                    
                                                    980,316
                                                    
                                                    
                                                    
                                                    857,764
                                                    
                                                    
                                                    
                                                    696,263OtherUnder
      1 year
                                                    
                                                    
                                                    1,551
                                                    
                                                    
                                                    
                                                    1,561
                                                    
                                                    
                                                    
                                                    2,250
                                                    
                                                    
                                                    
                                                    2,250
                                                    
                                                    
                                                    
                                                    1,349
                                                    
                                                    
                                                    
                                                    1,3511-5 years
                                                    
                                                    
                                                    6,721
                                                    
                                                    
                                                    
                                                    6,855
                                                    
                                                    
                                                    
                                                    4,656
                                                    
                                                    
                                                    
                                                    4,798
                                                    
                                                    
                                                    
                                                    53,049
                                                    
                                                    
                                                    
                                                    53,0776-10 years
                                                    
                                                    
                                                    1,104
                                                    
                                                    
                                                    
                                                    1,176
                                                    
                                                    
                                                    
                                                    1,104
                                                    
                                                    
                                                    
                                                    1,166
                                                    
                                                    
                                                    
                                                    1,106
                                                    
                                                    
                                                    
                                                    1,127Over
      10 years
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    —
                                                    
                                                    
                                                    
                                                    64
                                                    
                                                    
                                                    
                                                    136Non-marketable
      equity securities
                                                    
                                                    
                                                    304,915
                                                    
                                                    
                                                    
                                                    304,915
                                                    
                                                    
                                                    
                                                    376,640
                                                    
                                                    
                                                    
                                                    376,640
                                                    
                                                    
                                                    
                                                    427,772
                                                    
                                                    
                                                    
                                                    427,772Marketable
      equity securities
                                                    
                                                    
                                                    55,424
                                                    
                                                    
                                                    
                                                    54,950
                                                    
                                                    
                                                    
                                                    54,482
                                                    
                                                    
                                                    
                                                    53,987
                                                    
                                                    
                                                    
                                                    9,840
                                                    
                                                    
                                                    
                                                    8,891Total
      other
                                                    
                                                    
                                                    369,715
                                                    
                                                    
                                                    
                                                    369,457
                                                    
                                                    
                                                    
                                                    439,132
                                                    
                                                    
                                                    
                                                    438,841
                                                    
                                                    
                                                    
                                                    493,180
                                                    
                                                    
                                                    
                                                    492,354Total
      investment securities
                                                    
                                                    $
                                                    9,076,863
                                                    
                                                    
                                                    $
                                                    8,946,364
                                                    
                                                    
                                                    $
                                                    8,748,088
                                                    
                                                    
                                                    $
                                                    8,587,914
                                                    
                                                    
                                                    $
                                                    5,157,507
                                                    
                                                    
                                                    $
                                                    4,908,332
 
 (1)
              Amounts at March 31, 2010
      and December 31, 2009 include automobile asset backed securities with
      a fair value of $475.1 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 March 31, 2010, December 31, 2009 and March 31,
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 $141.7 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
March 31, 2010, December 31, 2009 and March 31, 2009, Huntington
did not have any material equity positions in Federal National Mortgage
Association (FNMA or Fannie Mae) and 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 March 31, 2010 and December 31, 2009.
 
 UnrealizedAmortized
                              
                              
                              Gross
                              
                              
                              Gross
                              
                              
                              Fair(in thousands)
                              
                              Cost
                              
                              
                              Gains
                              
                              
                              Losses
                              
                              
                              ValueMarch 31,
      2010U.S.
      Treasury
                              
                              $
                              49,997
                              
                              
                              $
                              188
                              
                              
                              $
                              —
                              
                              
                              $
                              50,185Federal
      AgenciesMortgage-backed
      securities
                              
                              
                              3,436,204
                              
                              
                              
                              55,747
                              
                              
                              
                              (5,537
                              )
                              
                              
                              3,486,414TLGP
      securities
                              
                              
                              663,486
                              
                              
                              
                              2,260
                              
                              
                              
                              (510
                              )
                              
                              
                              665,236Other
      agencies
                              
                              
                              2,643,066
                              
                              
                              
                              6,841
                              
                              
                              
                              (1,791
                              )
                              
                              
                              2,648,116Total
      U.S. Government backed securities
                              
                              
                              6,792,753
                              
                              
                              
                              65,036
                              
                              
                              
                              (7,838
                              )
                              
                              
                              6,849,951Municipal
      securities
                              
                              
                              425,244
                              
                              
                              
                              6,282
                              
                              
                              
                              (84
                              )
                              
                              
                              431,442Private
      label CMO
                              
                              
                              509,099
                              
                              
                              
                              220
                              
                              
                              
                              (46,588
                              )
                              
                              
                              462,731Asset
      backed securities
                              
                              
                              980,052
                              
                              
                              
                              3,450
                              
                              
                              
                              (150,719
                              )
                              
                              
                              832,783Other
      securities
                              
                              
                              369,715
                              
                              
                              
                              301
                              
                              
                              
                              (559
                              )
                              
                              
                              369,457Total
      investment securities
                              
                              $
                              9,076,863
                              
                              
                              $
                              75,289
                              
                              
                              $
                              (205,788
                              )
                              
                              $
                              8,946,364UnrealizedAmortized
                              
                              
                              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
  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 March 31, 2010 and
December 31, 2009.
 Less than 12 Months
                                    
                                    
                                    Over 12 Months
                                    
                                    
                                    TotalFair
                                    
                                    
                                    Unrealized
                                    
                                    
                                    Fair
                                    
                                    
                                    Unrealized
                                    
                                    
                                    Fair
                                    
                                    
                                    Unrealized(in thousands )
                                    
                                    Value
                                    
                                    
                                    Losses
                                    
                                    
                                    Value
                                    
                                    
                                    Losses
                                    
                                    
                                    Value
                                    
                                    
                                    LossesMarch 31,
      2010U.S.
      Treasury
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —
                                    
                                    
                                    $
                                    —Federal
      AgenciesMortgage-backed
      securities
                                    
                                    
                                    793,110
                                    
                                    
                                    
                                    (5,537
                                    )
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    793,110
                                    
                                    
                                    
                                    (5,537
                                    )TLGP
      securities
                                    
                                    
                                    304,272
                                    
                                    
                                    
                                    (510
                                    )
                                    
                                    
                                    —
                                    
                                    
                                    
                                    —
                                    
                                    
                                    
                                    304,272
                                    
                                    
                                    
                                    (510
                                    )Other
      agencies
                                    
                                    
                                    975,445
                                    
                                    
                                    
                                    (1,766
                                    )
                                    
                                    
                                    4,669
                                    
                                    
                                    
                                    (25
                                    )
                                    
                                    
                                    980,114
                                    
                                    
                                    
                                    (1,791
                                    )Total
      U.S. Government backed securities
                                    
                                    
                                    2,072,827
                                    
                                    
                                    
                                    (7,813
                                    )
                                    
                                    
                                    4,669
                                    
                                    
                                    
                                    (25
                                    )
                                    
                                    
                                    2,077,496
                                    
                                    
                                    
                                    (7,838
                                    )Municipal
      securities
                                    
                                    
                                    4,000
                                    
                                    
                                    
                                    (10
                                    )
                                    
                                    
                                    3,820
                                    
                                    
                                    
                                    (74
                                    )
                                    
                                    
                                    7,820
                                    
                                    
                                    
                                    (84
                                    )Private
      label CMO
                                    
                                    
                                    17,122
                                    
                                    
                                    
                                    (2,213
                                    )
                                    
                                    
                                    457,082
                                    
                                    
                                    
                                    (44,375
                                    )
                                    
                                    
                                    474,204
                                    
                                    
                                    
                                    (46,588
                                    )Asset
      backed securities
                                    
                                    
                                    99,863
                                    
                                    
                                    
                                    (8,080
                                    )
                                    
                                    
                                    348,950
                                    
                                    
                                    
                                    (142,639
                                    )
                                    
                                    
                                    448,813
                                    
                                    
                                    
                                    (150,719
                                    )Other
      securities
                                    
                                    
                                    39,686
                                    
                                    
                                    
                                    (413
                                    )
                                    
                                    
                                    1,196
                                    
                                    
                                    
                                    (146
                                    )
                                    
                                    
                                    40,882
                                    
                                    
                                    
                                    (559
                                    )Total
      temporarily impaired securities
                                    
                                    $
                                    2,233,498
                                    
                                    
                                    $
                                    (18,529
                                    )
                                    
                                    $
                                    815,717
                                    
                                    
                                    $
                                    (187,259
                                    )
                                    
                                    $
                                    3,049,215
                                    
                                    
                                    $
                                    (205,788
                                    )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
                                    )
  The
following table is a summary of realized securities gains and losses for the
three months ended March 31, 2010, and 2009:
 (in thousands)
                      
                      2010
                      
                      
                      2009Gross
      gains on sales of securities
                      
                      $
                      6,776
                      
                      
                      $
                      12,794Gross
      (losses) on sales of securities
                      
                      
                      (346
                      )
                      
                      
                      (6,805
                      )Net
      gain (loss) on sales of securities
                      
                      
                      6,430
                      
                      
                      
                      5,989Net
      other-than-temporary impairment recorded
                      
                      
                      (6,461
                      )
                      
                      
                      (3,922
                      )Total
      securities gain (loss)
                      
                      $
                      (31
                      )
                      
                      $
                      2,067
  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.
  10
  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
.
  For the
three months ended March 31, 2010, 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
 
 Alt-A
                      
                      
                      Pooled
                      
                      
                      Private(in thousands)
                      
                      Mortgage-backed
                      
                      
                      Trust-Preferred
                      
                      
                      LabelCMO
                      
                      
                      TotalTotal
      OTTI losses (unrealized and realized)
                      
                      $
                      (4,576
                      )
                      
                      $
                      (649
                      )
                      
                      $
                      (3,175
                      )
                      
                      $
                      (8,400
                      )Unrealized
      OTTI recognized in OCI
                      
                      
                      3,934
                      
                      
                      
                      (2,566
                      )
                      
                      
                      571
                      
                      
                      
                      1,939Net
      impairment losses recognized in earnings
                      
                      $
                      (642
                      )
                      
                      $
                      (3,215
                      )
                      
                      $
                      (2,604
                      )
                      
                      $
                      (6,461
                      )
  The
following table rolls forward the unrealized OTTI recognized in OCI on debt
securities held by Huntington for the three months ended March 31, 2010:
 
 Alt-A
                      
                      
                      Pooled
                      
                      
                      Private(in thousands)
                      
                      Mortgage-backed
                      
                      
                      Trust-Preferred
                      
                      
                      LabelCMO
                      
                      
                      TotalBalance,
      beginning of period
                      
                      $
                      6,186
                      
                      
                      $
                      93,491
                      
                      
                      $
                      24,731
                      
                      
                      $
                      124,408Credit
      losses not previous recognized
                      
                      
                      3,972
                      
                      
                      
                      —
                      
                      
                      
                      4,151
                      
                      
                      
                      8,123Change
      in expected cash flows
                      
                      
                      (234
                      )
                      
                      
                      (3,976
                      )
                      
                      
                      (3,936
                      )
                      
                      
                      (8,146
                      )Additional
      credit losses
                      
                      
                      196
                      
                      
                      
                      1,410
                      
                      
                      
                      356
                      
                      
                      
                      1,962Balance,
      end of period
                      
                      $
                      10,120
                      
                      
                      $
                      90,925
                      
                      
                      $
                      25,302
                      
                      
                      $
                      126,347
  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
March 31, 2010.
  The
following table displays the cumulative credit component of OTTI recognized in
earnings on debt securities held by Huntington for the three months ended
March 31, 2010 is as follows:
 (in thousands)
                    
                    2010Balance,
      beginning of period
                    
                    $
                    55,151Additions
      for the credit component on debt securities in which OTTI was not
      previously recognized
                    
                    
                    6,461Balance,
      end of period
                    
                    $
                    61,612
  11
  As of
March 31, 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 March 31, 2010, and 2009, Huntington sold
$0.7 billion, and $1.5 billion of residential mortgage loans with servicing
retained, resulting in net pre-tax gains of $14.8 million, and
$28.5 million, respectively, recorded in other non-interest
income.
  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 in the Company’s
consolidated balance sheet. 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.
  The
following tables summarize the changes in MSRs recorded using either the fair
value method or the amortization method for the three months ended
March 31, 2010 and 2009:
 Three Months EndedFair Value Method
                        
                        March 31,(in thousands)
                        
                        2010
                        
                        
                        2009Fair
      value, beginning of period
                        
                        $
                        176,427
                        
                        
                        $
                        167,438New
      servicing assets created
                        
                        
                        —
                        
                        
                        
                        23,074Change
      in fair value during the period due to:Time
      decay (1)
                        
                        
                        (1,672
                        )
                        
                        
                        (1,623
                        )Payoffs
      (2)
                        
                        
                        (6,877
                        )
                        
                        
                        (10,662
                        )Changes
      in valuation inputs or assumptions (3)
                        
                        
                        (5,772
                        )
                        
                        
                        (10,389
                        )Fair
      value, end of period
                        
                        $
                        162,106
                        
                        
                        $
                        167,838
 
 (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 EndedAmortization
      Method
                      
                      March 31,(in thousands)
                      
                      2010
                      
                      
                      2009Carrying
      value, beginning of year
                      
                      $
                      38,165
                      
                      
                      $
                      —New
      servicing assets created
                      
                      
                      8,797
                      
                      
                      
                      —Amortization
      and other
                      
                      
                      (1,516
                      )
                      
                      
                      —Carrying
      value, end of period
                      
                      $
                      45,446
                      
                      
                      $
                      —Fair
      value, end of period
                      
                      $
                      49,513
                      
                      
                      $
                      —
  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.
  12
  A summary
of key assumptions and the sensitivity of the MSR value at March 31, 2010
to changes in these assumptions follows:
 Decline in fair value due
to10%
                  
                  
                  20%adverse
                  
                  
                  adverse(in thousands)
                  
                  Actual
                  
                  
                  change
                  
                  
                  changeConstant
      pre-payment rate
                  
                  
                  10.77
                  %
                  
                  $
                  (11,444
                  )
                  
                  $
                  (20,789
                  )Spread
      over forward interest rate swap rates
                  
                  479
                  bps
                  
                  
                  (3,419
                  )
                  
                  
                  (6,838
                  )
  MSR
values are very 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
$12.4 million, and $11.8 million for the three months ended March 31,
2010, and 2009, respectively.
  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 months
ended March 31, 2010 and 2009, and the fair value at the end of each period
were as follows:
 Three
      Months EndedMarch 31,(in thousands)
                        
                        2010
                        
                        
                        2009Carrying
      value, beginning of period
                        
                        $
                        12,912
                        
                        
                        $
                        1,656New
      servicing assets created
                        
                        
                        —
                        
                        
                        
                        19,538Amortization
      and other (1)
                        
                        
                        (12,413
                        )
                        
                        
                        (1,143
                        )Carrying
      value, end of period
                        
                        $
                        499
                        
                        
                        $
                        20,051Fair
      value, end of period
                        
                        $
                        801
                        
                        
                        $
                        21,313
 
 (1)
              The three months ended
      March 31, 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 $1.1 million for the three months ended
March 31, 2010, and 2009, respectively.
  13
  6.
GOODWILL AND OTHER INTANGIBLE ASSETS
  A
rollforward of goodwill by line of business for the three months ended
March 31, 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 2010 first quarter.
  At
March 31, 2010, December 31, 2009 and March 31, 2009,
Huntington’s other intangible assets consisted of the following:
 Gross
                            
                            
                            
                            
                            
                            
                            NetCarrying
                            
                            
                            Accumulated
                            
                            
                            Carrying(in thousands)
                            
                            Amount
                            
                            
                            Amortization
                            
                            
                            ValueMarch 31,
      2010Core
      deposit intangible
                            
                            $
                            376,846
                            
                            
                            $
                            (181,320
                            )
                            
                            $
                            195,526Customer
      relationship
                            
                            
                            104,574
                            
                            
                            
                            (28,193
                            )
                            
                            
                            76,381Other
                            
                            
                            25,164
                            
                            
                            
                            (23,119
                            )
                            
                            
                            2,045Total
      other intangible assets
                            
                            $
                            506,584
                            
                            
                            $
                            (232,632
                            )
                            
                            $
                            273,952December 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
                            )
                            
                            $
                            289,098March 31,
      2009Core
      deposit intangible
                            
                            $
                            373,300
                            
                            
                            $
                            (125,495
                            )
                            
                            $
                            247,805Customer
      relationship
                            
                            
                            104,574
                            
                            
                            
                            (19,087
                            )
                            
                            
                            85,487Other
                            
                            
                            29,327
                            
                            
                            
                            (23,047
                            )
                            
                            
                            6,280Total
      other intangible assets
                            
                            $
                            507,201
                            
                            
                            $
                            (167,629
                            )
                            
                            $
                            339,572
  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
                  
                  $
                  45,3742011
                  
                  
                  53,3422012
                  
                  
                  46,1212013
                  
                  
                  40,5262014
                  
                  
                  35,8692015
                  
                  
                  19,469
  14
  7.
OTHER LONG-TERM DEBT AND SUBORDINATED NOTES
  The
following table summarizes the changes in other long-term debt and subordinated
notes during the three months ended March 31, 2010 and 2009:
 
 Other
      long-term
                          
                          
                          Subordinateddebt
                          
                          
                          notesBalance,
      January 1, 2010
                          
                          $
                          2,369,491
                          
                          
                          $
                          1,264,202Notes
      payable from consolidation of variable interest entities
    (VIE)
                          
                          
                          634,125
                          (1)
                          
                          
                          —Redemptions/maturities
                          
                          
                          (278,257
                          )
                          
                          
                          —Amortization
      of issued discount
                          
                          
                          3,730
                          
                          
                          
                          (222
                          )Fair
      value changes related to hedging
                          
                          
                          633
                          
                          
                          
                          2,927Other
                          
                          
                          (1,977
                          )
                          
                          
                          —Balance,
      March 31, 2010
                          
                          $
                          2,727,745
                          
                          
                          $
                          1,266,907Balance,
      January 1, 2009
                          
                          $
                          2,331,632
                          
                          
                          $
                          1,950,097Issuances
                          
                          
                          600,000
                          (2)
                          
                          
                          —Redemptions/maturities
                          
                          
                          (199,410
                          )
                          
                          
                          (26,050
                          )Amortization
      of issued discount
                          
                          
                          —
                          
                          
                          
                          (85
                          )Fair
      value changes related to hedging
                          
                          
                          (87
                          )
                          
                          
                          (18,579
                          )Other
                          
                          
                          2,311
                          
                          
                          
                          —Balance,
      March 31, 2009
                          
                          $
                          2,734,446
                          
                          
                          $
                          1,905,383
 
 (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.
  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.
  15
   8.
OTHER COMPREHENSIVE INCOME
  The
components of Huntington’s other comprehensive income for the three months ended
March 31, 2010 and 2009, were as follows:
 Three Months Ended
                                March 31,2010Tax (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 losses on debt securities not expected to be
    sold
                              
                              
                              (1,939
                              )
                              
                              
                              679
                              
                              
                              
                              (1,260
                              )Unrealized
      holding gains (losses) on debt securities available for sale arising
      during the period
                              
                              
                              37,927
                              
                              
                              
                              (13,404
                              )
                              
                              
                              24,523Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                              
                              
                              31
                              
                              
                              
                              (11
                              )
                              
                              
                              20Net
      change in unrealized holding gains (losses) on debt securities
      available for sale
                              
                              
                              36,019
                              
                              
                              
                              (12,736
                              )
                              
                              
                              23,283Unrealized
      holding gains (losses) on equity securities available for sale
      arising during the period
                              
                              
                              21
                              
                              
                              
                              (7
                              )
                              
                              
                              14Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                              
                              
                              —
                              
                              
                              
                              —
                              
                              
                              
                              —Net
      change in unrealized holding gains (losses) on equity securities
      available for sale
                              
                              
                              21
                              
                              
                              
                              (7
                              )
                              
                              
                              14Unrealized
      gains and losses on derivatives used in cash flow hedging relationships
      arising during the period
                              
                              
                              5,074
                              
                              
                              
                              (1,776
                              )
                              
                              
                              3,298Change
      in pension and post-retirement benefit plan assets and
      liabilities
                              
                              
                              1,794
                              
                              
                              
                              (628
                              )
                              
                              
                              1,166Total
      other comprehensive income (loss)
                              
                              $
                              36,543
                              
                              
                              $
                              (13,031
                              )
                              
                              $
                              23,512
 
 Three Months EndedMarch 31,2009Tax
      (expense)(in thousands)
                              
                              Pretax
                              
                              
                              Benefit
                              
                              
                              After-taxUnrealized
      holding (losses) gains on debt securities available for sale arising
      during the period
                              
                              $
                              74,702
                              
                              
                              $
                              (26,386
                              )
                              
                              $
                              48,316Less:
      Reclassification adjustment for net losses (gains) losses included in
      net income
                              
                              
                              (2,067
                              )
                              
                              
                              723
                              
                              
                              
                              (1,344
                              )Net
      change in unrealized holding (losses) gains on debt securities
      available for sale
                              
                              
                              72,635
                              
                              
                              
                              (25,663
                              )
                              
                              
                              46,972Unrealized
      holding (losses) gains on equity securities available for sale
      arising during the period
                              
                              
                              (444
                              )
                              
                              
                              156
                              
                              
                              
                              (288
                              )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
                              
                              
                              (444
                              )
                              
                              
                              156
                              
                              
                              
                              (288
                              )Unrealized
      gains and losses on derivatives used in cash flow hedging relationships
      arising during the period
                              
                              
                              (1,628
                              )
                              
                              
                              570
                              
                              
                              
                              (1,058
                              )Change
      in pension and post-retirement benefit plan assets and
      liabilities
                              
                              
                              2,273
                              
                              
                              
                              (795
                              )
                              
                              
                              1,478Total
      other comprehensive (loss) income
                              
                              $
                              72,836
                              
                              
                              $
                              (25,732
                              )
                              
                              $
                              47,104
  16
  Activity
in accumulated other comprehensive income for the three months ended
March 31, 2010 and 2009, were as follows:
 AccumulatedUnrealized LossesUnrealized gains
                            
                            
                            for Pension andUnrealized gains
                            
                            
                            Unrealized gains
                            
                            
                            and losses on cash
                            
                            
                            Otherand losses on debt
                            
                            
                            and losses on
                            
                            
                            flow hedging
                            
                            
                            Post-retirement(in thousands)
                            
                            securities
                            
                            
                            equity securities
                            
                            
                            derivatives
                            
                            
                            obligations
                            
                            
                            TotalBalance,
      December 31, 2008
                            
                            $
                            (207,427
                            )
                            
                            $
                            (329
                            )
                            
                            $
                            44,638
                            
                            
                            $
                            (163,575
                            )
                            
                            $
                            (326,693
                            )Period
      change
                            
                            
                            46,972
                            
                            
                            
                            (288
                            )
                            
                            
                            (1,058
                            )
                            
                            
                            1,478
                            
                            
                            
                            47,104Balance,
      March 31, 2009
                            
                            
                            (160,455
                            )
                            
                            
                            (617
                            )
                            
                            
                            43,580
                            
                            
                            
                            (162,097
                            )
                            
                            
                            (279,589
                            )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
                            
                            
                            23,283
                            
                            
                            
                            14
                            
                            
                            
                            3,298
                            
                            
                            
                            1,166
                            
                            
                            
                            27,761Balance,
      March 31, 2010
                            
                            $
                            (84,026
                            )
                            
                            $
                            (308
                            )
                            
                            $
                            62,163
                            
                            
                            $
                            (111,302
                            )
                            
                            $
                            (133,473
                            )
  9.
SHAREHOLDERS’ EQUITY
  Change
in Shares Authorized
  During
the second quarter of 2010, Huntington amended its charter to, among other
things, to 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
  17
  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 March 31, 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 in Huntington’s
consolidated statement of income 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.
  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 March 31, 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
March 31, 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).
  18
  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 ended March 31, 2010 and 2009
was as follows:
 Three Months EndedMarch 31,(in thousands, except per share
      amounts)
                          
                          2010
                          
                          
                          2009Basic
      earnings (loss) per common shareNet
      income (loss)
                          
                          $
                          39,737
                          
                          
                          $
                          (2,433,207
                          )Preferred
      stock dividends and amortization of discount
                          
                          
                          (29,357
                          )
                          
                          
                          (58,793
                          )Net
      income (loss) available to common shareholders
                          
                          $
                          10,380
                          
                          
                          $
                          (2,492,000
                          )Average
      common shares issued and outstanding
                          
                          
                          716,320
                          
                          
                          
                          366,919Basic
      earnings (loss) per common share
                          
                          $
                          0.01
                          
                          
                          $
                          (6.79
                          )Diluted
      earnings (loss) per common shareNet
      income (loss) available to common shareholders
                          
                          $
                          10,380
                          
                          
                          $
                          (2,492,000
                          )Net
      income (loss) applicable to diluted earnings per
share
                          
                          $
                          10,380
                          
                          
                          $
                          (2,492,000
                          )Average
      common shares issued and outstanding
                          
                          
                          716,320
                          
                          
                          
                          366,919Dilutive
      potential common shares:Stock
      options and restricted stock units
                          
                          
                          1,413
                          
                          
                          
                          —Shares
      held in deferred compensation plans
                          
                          
                          860
                          
                          
                          
                          —Dilutive
      potential common shares:
                          
                          
                          2,273
                          
                          
                          
                          —Total
      diluted average common shares issued and outstanding
                          
                          
                          718,593
                          
                          
                          
                          366,919Diluted
      earnings (loss) per common share
                          
                          $
                          0.01
                          
                          
                          $
                          (6.79
                          )
  Due to
the loss attributable to common shareholders for the three months ended
March 31, 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 21.1 million, and
25.0 million options to purchase shares of common stock outstanding at the
end of March 31, 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 $18.46
per share, and $18.96 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 ended March 31, 2010, and 2009.
 Three
      Months EndedMarch 31,2010
                  
                  
                  2009AssumptionsRisk-free
      interest rate
                  
                  
                  2.98
                  %
                  
                  
                  2.03
                  %Expected
      dividend yield
                  
                  
                  0.97
                  
                  
                  
                  0.83Expected
      volatility of Huntington’s common stock
                  
                  
                  60.0
                  
                  
                  
                  35.0Expected
      option term (years)
                  
                  
                  6.0
                  
                  
                  
                  6.0Weighted-average
      grant date fair value per share
                  
                  $
                  2.24
                  
                  
                  $
                  1.66
  19
  The
following table illustrates total share-based compensation expense and related
tax benefit for the three months ended March 31, 2010 and 2009:
 Three
      Months EndedMarch 31,(in thousands)
                  
                  2010
                  
                  
                  2009Share-based
      compensation expense
                  
                  $
                  2,933
                  
                  
                  $
                  2,823Tax
      benefit
                  
                  
                  1,027
                  
                  
                  
                  988
  Huntington’s
stock option activity and related information for the three months ended March
31, 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
                        
                        
                        266
                        
                        
                        
                        4.20Exercised
                        
                        
                        —
                        
                        
                        
                        —Forfeited/expired
                        
                        
                        (818
                        )
                        
                        
                        14.88Outstanding
      at March 31, 2010
                        
                        
                        23,170
                        
                        
                        $
                        17.14
                        
                        
                        
                        3.0
                        
                        
                        $
                        3,668Vested
      and expected to vest at March 31, 2010 (1)
                        
                        
                        21,900
                        
                        
                        $
                        17.83
                        
                        
                        
                        2.8
                        
                        
                        $
                        2,514Exercisable
      at March 31, 2010
                        
                        
                        18,828
                        
                        
                        $
                        19.62
                        
                        
                        
                        2.3
                        
                        
                        $
                        107
 
 (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 ended March 31, 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.
  20
  The
following table summarizes the status of Huntington’s restricted stock units and
restricted stock awards as of March 31, 2010, and activity for the three
months ended March 31, 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
                    
                    
                    72
                    
                    
                    
                    4.24
                    
                    
                    
                    87
                    
                    
                    
                    4.93Released
                    
                    
                    (18
                    )
                    
                    
                    13.03
                    
                    
                    
                    (26
                    )
                    
                    
                    3.92Forfeited
                    
                    
                    (59
                    )
                    
                    
                    8.19
                    
                    
                    
                    —
                    
                    
                    
                    —Nonvested
      at March 31, 2010
                    
                    
                    2,712
                    
                    
                    $
                    7.36
                    
                    
                    
                    235
                    
                    
                    $
                    3.95
 
 (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 three
months ended March 31, 2010, and 2009, were $4.62, and $1.66, respectively.
The total fair value of awards vested during the three months ended
March 31, 2010 and 2009, was $0.2 million, and $0.1 million,
respectively. As of March 31, 2010, the total unrecognized compensation
cost related to nonvested awards was $7.8 million with a weighted-average
expense recognition period of 1.52 years.
  Of the
remaining 31.1 million shares of common stock authorized for issuance at
March 31, 2010, 26.1 million were outstanding and 5.0 million
were available for future grants. Huntington issues shares to fulfill stock
option exercises and restricted stock units from available authorized shares. At
March 31, 2010, the Company believes there are adequate authorized shares
to satisfy anticipated stock option exercises in 2010.
  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.
  21
  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 EndedMarch 31,
                    
                    
                    March 31,(in thousands)
                    
                    2010
                    
                    
                    2009
                    
                    
                    2010
                    
                    
                    2009Service
      cost
                    
                    $
                    5,051
                    
                    
                    $
                    6,155
                    
                    
                    $
                    —
                    
                    
                    $
                    465Interest
      cost
                    
                    
                    7,217
                    
                    
                    
                    7,055
                    
                    
                    
                    433
                    
                    
                    
                    895Expected
      return on plan assets
                    
                    
                    (10,528
                    )
                    
                    
                    (10,551
                    )
                    
                    
                    —
                    
                    
                    
                    —Amortization
      of transition asset
                    
                    
                    2
                    
                    
                    
                    1
                    
                    
                    
                    —
                    
                    
                    
                    276Amortization
      of prior service cost
                    
                    
                    (1,442
                    )
                    
                    
                    121
                    
                    
                    
                    (338
                    )
                    
                    
                    95Amortization
      of gains
                    
                    
                    3,747
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —Settlements
                    
                    
                    1,725
                    
                    
                    
                    1,725
                    
                    
                    
                    —
                    
                    
                    
                    —Recognized
      net actuarial loss (gain)
                    
                    
                    —
                    
                    
                    
                    1,874
                    
                    
                    
                    (175
                    )
                    
                    
                    (231
                    )Benefit
      expense
                    
                    $
                    5,772
                    
                    
                    $
                    6,380
                    
                    
                    $
                    (80
                    )
                    
                    $
                    1,500
  There is
no required minimum contribution for 2010 to the Retirement Plan.
  The
Huntington National Bank, as trustee, held all Plan assets at March 31,
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 ValueMarch
      31,
                    
                    
                    December
      31,(in thousands)
                    
                    2010
                    
                    
                    2009Cash
                    
                    $
                    2
                    
                    
                    
                    —
                    %
                    
                    $
                    —
                    
                    
                    
                    —
                    %Cash
      equivalents:Huntington
      funds — money market
                    
                    
                    3,740
                    
                    
                    
                    1
                    
                    
                    
                    11,304
                    
                    
                    
                    2Other
                    
                    
                    2,150
                    
                    
                    
                    1
                    
                    
                    
                    2,777
                    
                    
                    
                    1Fixed
      income:Huntington
      funds — fixed income funds
                    
                    
                    124,947
                    
                    
                    
                    27
                    
                    
                    
                    125,323
                    
                    
                    
                    28Corporate
      obligations
                    
                    
                    1,072
                    
                    
                    
                    —
                    
                    
                    
                    1,315
                    
                    
                    
                    —U.S.
      Government Agencies
                    
                    
                    1,514
                    
                    
                    
                    —
                    
                    
                    
                    497
                    
                    
                    
                    —Equities:Huntington
      funds — equity funds
                    
                    
                    299,152
                    
                    
                    
                    64
                    
                    
                    
                    256,222
                    
                    
                    
                    57Huntington
      funds — equity mutual funds
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    31,852
                    
                    
                    
                    7Other
      — equity mutual funds
                    
                    
                    123
                    
                    
                    
                    —
                    
                    
                    
                    122
                    
                    
                    
                    —Huntington
      common stock
                    
                    
                    21,168
                    
                    
                    
                    5
                    
                    
                    
                    14,347
                    
                    
                    
                    3Other
      common stock
                    
                    
                    10,813
                    
                    
                    
                    2
                    
                    
                    
                    10,355
                    
                    
                    
                    2Fair
      value of plan assets
                    
                    $
                    464,681
                    
                    
                    
                    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 March 31, 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 March 31, 2010,
Plan assets were invested 71% in equity investments and 29% in bonds, with an
average duration of 3.4 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 current and 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 $0.7 million and $0.8 million for the three months ended
March 31, 2010 and 2009, respectively.
  22
  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. As a result, there was
no cost of providing the plan in 2010. 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. For the three months ended
March 31, 2009, the cost of providing the plan was $3.1 million.
Effective May 1, 2010, Huntington reinstated the employer matching
contribution to the defined contribution plan and the Educational Assistance
Plan.
  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.
  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.
  23
  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 March 31, 2010, mortgage loans held for sale had an
      aggregate fair value of $319.2 million and an aggregate outstanding
      principal balance of $311.2 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 $15.1 million and
      $25.6 million for the three months ended March 31, 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 loans measured at fair value based on interest rates
      available from similarly traded securities.Level
      3
                
                Consists
      of certain automobile loans 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.Mortgage 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.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.
  24
  Assets
and Liabilities measured at fair value on a recurring basis
  Assets
and liabilities measured at fair value on a recurring basis at March 31,
2010, December 31, 2009 and March 31, 2009 are summarized below:
 Fair Value Measurements at Reporting Date Using
                  
                  
                  Netting
                  
                  
                  Balance at(in thousands)
                  
                  Level 1
                  
                  
                  Level 2
                  
                  
                  Level 3
                  
                  
                  Adjustments (1)
                  
                  
                  March 31, 2010AssetsMortgage
      loans held for sale
                  
                  $
                  —
                  
                  
                  $
                  319,166
                  
                  
                  $
                  —
                  
                  
                  $
                  —
                  
                  
                  $
                  319,166Trading
      account securities
                  
                  
                  110,524
                  
                  
                  
                  39,939
                  
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  150,463Investment
      securities
                  
                  
                  3,391,382
                  
                  
                  
                  4,249,660
                  
                  
                  
                  1,000,407
                  
                  
                  
                  —
                  
                  
                  
                  8,641,449Automobile
      loans
                  
                  
                  546,663
                  
                  
                  
                  —
                  
                  
                  
                  183,845
                  
                  
                  
                  —
                  
                  
                  
                  730,508Mortgage
      servicing rights
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  162,106
                  
                  
                  
                  —
                  
                  
                  
                  162,106Derivative
      assets
                  
                  
                  1,253
                  
                  
                  
                  346,865
                  
                  
                  
                  3,301
                  
                  
                  
                  (53,458
                  )
                  
                  
                  297,961LiabilitiesSecuritization
      trust notes payable
                  
                  
                  573,018
                  
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  573,018Derivative
      liabilities
                  
                  
                  722
                  
                  
                  
                  232,216
                  
                  
                  
                  4,134
                  
                  
                  
                  —
                  
                  
                  
                  237,072
 
 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)
                  
                  
                  March 31, 2009AssetsMortgage
      loans held for sale
                  
                  $
                  —
                  
                  
                  $
                  469,560
                  
                  
                  $
                  —
                  
                  
                  $
                  —
                  
                  
                  $
                  469,560Trading
      account securities
                  
                  
                  56,144
                  
                  
                  
                  27,410
                  
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  83,554Investment
      securities
                  
                  
                  1,352,543
                  
                  
                  
                  1,919,805
                  
                  
                  
                  1,208,212
                  
                  
                  
                  —
                  
                  
                  
                  4,480,560Mortgage
      servicing rights
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  167,838
                  
                  
                  
                  —
                  
                  
                  
                  167,838Derivative
      assets
                  
                  
                  474
                  
                  
                  
                  589,682
                  
                  
                  
                  9,580
                  
                  
                  
                  (174,764
                  )
                  
                  
                  424,972Equity
      investments
                  
                  
                  —
                  
                  
                  
                  —
                  
                  
                  
                  32,480
                  
                  
                  
                  —
                  
                  
                  
                  32,480LiabilitiesDerivative
      liabilities
                  
                  
                  10,262
                  
                  
                  
                  353,757
                  
                  
                  
                  65
                  
                  
                  
                  (287,327
                  )
                  
                  
                  76,757
 
 (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.
  25
  The
tables below present a rollforward of the balance sheet amounts for the three
months ended March 31, 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.
 Level
      3 Fair Value MeasurementsThree Months Ended March 31,
      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
                      
                      
                      (14,321
                      )
                      
                      
                      3,392
                      
                      
                      
                      (599
                      )
                      
                      
                      (3,451
                      )
                      
                      
                      (2,090
                      )
                      
                      
                      —
                      
                      
                      
                      5,259
                      
                      
                      
                      —Included
      in OCI
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      1,446
                      
                      
                      
                      2,741
                      
                      
                      
                      10,690
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Purchases
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Sales
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      (1,838
                      )
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Repayments
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      (1,433
                      )
                      
                      
                      —Issuances
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Settlements
                      
                      
                      —
                      
                      
                      
                      11
                      
                      
                      
                      (2,245
                      )
                      
                      
                      —
                      
                      
                      
                      (23,188
                      )
                      
                      
                      (16,555
                      )
                      
                      
                      —
                      
                      
                      
                      —Transfers
      in/out of Level 3 (1)
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      139,564
                      
                      
                      
                      180,019
                      
                      
                      
                      (25,872
                      )Balance,
      end of period
                      
                      $
                      162,106
                      
                      
                      $
                      (833
                      )
                      
                      $
                      113,698
                      
                      
                      $
                      105,381
                      
                      
                      $
                      462,731
                      
                      
                      $
                      318,597
                      
                      
                      $
                      183,845
                      
                      
                      $
                      —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
                      
                      $
                      (14,321
                      )
                      
                      $
                      3,403
                      
                      
                      $
                      847
                      
                      
                      $
                      (710
                      )
                      
                      $
                      8,600
                      
                      
                      $
                      —
                      
                      
                      $
                      5,259
                      
                      
                      $
                      —
 
 (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 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 MeasurementsThree Months Ended March 31,
      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
                      
                      
                      (1,988
                      )
                      
                      
                      1,968
                      
                      
                      
                      2,966
                      
                      
                      
                      (2,395
                      )
                      
                      
                      724
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      (1,320
                      )Included
      in OCI
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      36,869
                      
                      
                      
                      (8,686
                      )
                      
                      
                      13,320
                      
                      
                      
                      (830
                      )
                      
                      
                      —
                      
                      
                      
                      —Purchases
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      258,415
                      
                      
                      
                      —
                      
                      
                      
                      767Sales
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Repayments
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Issuances
                      
                      
                      2,388
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —Settlements
                      
                      
                      —
                      
                      
                      
                      (585
                      )
                      
                      
                      (6,526
                      )
                      
                      
                      (28
                      )
                      
                      
                      (25,610
                      )
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      (3,860
                      )Balance,
      end of period
                      
                      $
                      167,838
                      
                      
                      $
                      9,515
                      
                      
                      $
                      355,730
                      
                      
                      $
                      130,497
                      
                      
                      $
                      511,949
                      
                      
                      $
                      257,585
                      
                      
                      $
                      —
                      
                      
                      $
                      32,480The
      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
                      
                      $
                      (1,988
                      )
                      
                      $
                      1,382
                      
                      
                      $
                      39,834
                      
                      
                      $
                      (11,081
                      )
                      
                      
                      14,044
                      
                      
                      $
                      (829
                      )
                      
                      $
                      —
                      
                      
                      $
                      (1,320
                      )
  26
  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 ended March 31, 2010 and 2009.
 Level
      3 Fair Value MeasurementsThree
      Months Ended March 31, 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)
                    
                    $
                    (14,321
                    )
                    
                    $
                    3,392
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —Securities
      gains (losses)
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    (642
                    )
                    
                    
                    (3,215
                    )
                    
                    
                    (2,604
                    )
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —Interest
      and fee income
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    43
                    
                    
                    
                    (236
                    )
                    
                    
                    514
                    
                    
                    
                    —
                    
                    
                    
                    (1,220
                    )
                    
                    
                    —Noninterest
      income
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    6,479
                    
                    
                    
                    —Total
                    
                    $
                    (14,321
                    )
                    
                    $
                    3,392
                    
                    
                    $
                    (599
                    )
                    
                    $
                    (3,451
                    )
                    
                    $
                    (2,090
                    )
                    
                    $
                    —
                    
                    
                    $
                    5,259
                    
                    
                    $
                    —
 
 Level
      3 Fair Value MeasurementsThree
      Months Ended March 31, 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)
                    
                    $
                    (1,988
                    )
                    
                    $
                    1,968
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    —Securities
      gains (losses)
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    (1,505
                    )
                    
                    
                    (2,432
                    )
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —Interest
      and fee income
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    4,471
                    
                    
                    
                    37
                    
                    
                    
                    724
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —Noninterest
      income
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    —
                    
                    
                    
                    (1,320
                    )Total
                    
                    $
                    (1,988
                    )
                    
                    $
                    1,968
                    
                    
                    $
                    2,966
                    
                    
                    $
                    (2,395
                    )
                    
                    $
                    724
                    
                    
                    $
                    —
                    
                    
                    $
                    —
                    
                    
                    $
                    (1,320
                    )
  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. In cases where the carrying value exceeds the fair value of
the collateral, an impairment charge is recognized. During the three months
ended March 31, 2010 and 2009, Huntington identified $27.0 million,
and $62.8 million, respectively, of impaired loans for which the fair value
is recorded based upon collateral value, a Level 3 input in the valuation
hierarchy. For the three months ended March 31, 2010 and 2009, nonrecurring
fair value losses of $7.9 million and $33.5 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 March 31, 2010 and 2009,
Huntington had $152.3 million and $210.8 million, respectively of OREO
assets at fair value. Losses of $11.5 million and $9.9 million were
recorded within noninterest expense.
  27
  Fair
values of financial instruments
  The
carrying amounts and estimated fair values of Huntington’s financial instruments
at March 31, 2010 and December 31, 2009 are presented in the following
table:
 March 31, 2010
                  
                  
                  December 31, 2009Carrying
                  
                  
                  Fair
                  
                  
                  Carrying
                  
                  
                  Fair(in thousands)
                  
                  Amount
                  
                  
                  Value
                  
                  
                  Amount
                  
                  
                  ValueFinancial
      Assets:Cash
      and short-term assets
                  
                  $
                  1,674,722
                  
                  
                  $
                  1,674,722
                  
                  
                  $
                  1,840,719
                  
                  
                  $
                  1,840,719Trading
      account securities
                  
                  
                  150,463
                  
                  
                  
                  150,463
                  
                  
                  
                  83,657
                  
                  
                  
                  83,657Loans
      held for sale
                  
                  
                  327,408
                  
                  
                  
                  327,408
                  
                  
                  
                  461,647
                  
                  
                  
                  461,647Investment
      securities
                  
                  
                  8,946,364
                  
                  
                  
                  8,946,364
                  
                  
                  
                  8,587,914
                  
                  
                  
                  8,587,914Net
      loans and direct financing leases
                  
                  
                  35,453,712
                  
                  
                  
                  33,356,786
                  
                  
                  
                  35,308,184
                  
                  
                  
                  32,598,423Derivatives
                  
                  
                  297,971
                  
                  
                  
                  297,971
                  
                  
                  
                  287,756
                  
                  
                  
                  287,756Financial
      Liabilities:Deposits
                  
                  
                  (40,303,467
                  )
                  
                  
                  (40,530,220
                  )
                  
                  
                  (40,493,927
                  )
                  
                  
                  (40,753,365
                  )Short-term
      borrowings
                  
                  
                  (980,839
                  )
                  
                  
                  (968,271
                  )
                  
                  
                  (876,241
                  )
                  
                  
                  (857,254
                  )Federal
      Home Loan Bank advances
                  
                  
                  (157,895
                  )
                  
                  
                  (157,895
                  )
                  
                  
                  (168,977
                  )
                  
                  
                  (168,977
                  )Other
      long term debt
                  
                  
                  (2,727,745
                  )
                  
                  
                  (2,726,066
                  )
                  
                  
                  (2,369,491
                  )
                  
                  
                  (2,332,300
                  )Subordinated
      notes
                  
                  
                  (1,266,907
                  )
                  
                  
                  (1,075,132
                  )
                  
                  
                  (1,264,202
                  )
                  
                  
                  (989,989
                  )Derivatives
                  
                  
                  (237,072
                  )
                  
                  
                  (237,072
                  )
                  
                  
                  (238,947
                  )
                  
                  
                  (238,947
                  )
  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.
  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.
  28
  14.
DERIVATIVE FINANCIAL INSTRUMENTS
  Derivative
financial instruments are recorded in the consolidated balance sheet as either
an asset or a liability (in 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 March 31, 2010, December 31, 2009 and March 31, 2009,
aggregate credit risk associated with these derivatives, net of collateral that
has been pledged by the counterparty, was $24.7 million, $20.3 million
and $58.2 million, respectively. The credit risk associated with interest
rate swaps is calculated after considering master netting
agreements.
  At
March 31, 2010, Huntington pledged $233.3 million investment security
and cash collateral to various counterparties, while various other
counterparties pledged $60.5 million investment security and cash
collateral to Huntington to satisfy collateral netting agreements. In the event
of credit downgrades, Huntington would not be required to provide any additional
collateral.
  The
following table presents the gross notional values of derivatives used in
Huntington’s asset and liability management activities at March 31, 2010,
identified by the underlying interest rate-sensitive instruments:
 Fair
      Value
                    
                    
                    Cash
      Flow(in thousands)
                    
                    Hedges
                    
                    
                    Hedges
                    
                    
                    TotalInstruments
      associated with:Loans
                    
                    $
                    —
                    
                    
                    $
                    8,215,000
                    
                    
                    $
                    8,215,000Deposits
                    
                    
                    801,525
                    
                    
                    
                    —
                    
                    
                    
                    801,525Subordinated
      notes
                    
                    
                    298,000
                    
                    
                    
                    —
                    
                    
                    
                    298,000Other
      long-term debt
                    
                    
                    35,000
                    
                    
                    
                    —
                    
                    
                    
                    35,000Total
      notional value at March 31, 2010
                    
                    $
                    1,134,525
                    
                    
                    $
                    8,215,000
                    
                    
                    $
                    9,349,525
  The
following table presents additional information about the interest rate swaps
used in Huntington’s asset and liability management activities at March 31,
2010:
 Average
                    
                    
                    
                    
                    
                    
                    Weighted-AverageNotional
                    
                    
                    Maturity
                    
                    
                    Fair
                    
                    
                    Rate(in thousands)
                    
                    Value
                    
                    
                    (years)
                    
                    
                    Value
                    
                    
                    Receive
                    
                    
                    PayAsset
      conversion swaps — receive fixed — generic
                    
                    $
                    8,215,000
                    
                    
                    
                    1.8
                    
                    
                    $
                    37,049
                    
                    
                    
                    1.50
                    %
                    
                    
                    0.52
                    %Liability
      conversion swaps — receive fixed — generic
                    
                    
                    1,134,525
                    
                    
                    
                    2.8
                    
                    
                    
                    42,949
                    
                    
                    
                    2.38
                    
                    
                    
                    0.33Total
      swap portfolio
                    
                    $
                    9,349,525
                    
                    
                    
                    1.9
                    
                    
                    $
                    79,998
                    
                    
                    
                    1.61
                    %
                    
                    
                    0.49
                    %
  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 $58.0 million, and $31.2 million for the
three months ended March 31, 2010, and 2009, respectively.
  In
connection with securitization activities, Huntington purchased interest rate
caps with a notional value totaling $1.1 billion. These purchased caps were
assigned to the securitization trust for the benefit of the security holders.
Interest rate caps were also sold totaling $1.1 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 March 31, 2010, the fair value of the swap
liability of $3.9 million is an estimate of the exposure liability based
upon Huntington’s assessment of the probability-weighted potential Visa
litigation losses.
  29
  The
following table presents the fair values at December 31, 2010 and 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
 March
      31,
                    
                    
                    December
      31,
                    
                    
                    March
      31,(in thousands)
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009Interest
      rate contracts designated as hedging instruments
                    
                    $
                    79,998
                    
                    
                    $
                    85,984
                    
                    
                    $
                    186,900Interest
      rate contracts not designated as hedging instruments
                    
                    
                    266,867
                    
                    
                    
                    255,692
                    
                    
                    
                    410,817Foreign
      exchange contracts not designated as hedging instruments
                    
                    
                    274
                    
                    
                    
                    —
                    
                    
                    
                    —Total
      contracts
                    
                    $
                    347,139
                    
                    
                    $
                    341,676
                    
                    
                    $
                    597,717
  Liability
derivatives included in accrued expenses and other liabilities
 March
      31,
                    
                    
                    December
      31,
                    
                    
                    March
      31,(in thousands)
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009Interest
      rate contracts designated as hedging instruments
                    
                    $
                    —
                    
                    
                    $
                    3,464
                    
                    
                    $
                    949Interest
      rate contracts not designated as hedging instruments
                    
                    
                    236,109
                    
                    
                    
                    234,026
                    
                    
                    
                    352,808Total
      contracts
                    
                    $
                    236,109
                    
                    
                    $
                    237,490
                    
                    
                    $
                    353,757
  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 ended March 31, 2010 and 2009 for derivatives designated
as fair value hedges:
 Derivatives
      in fair value
                            
                            
                            
                            Increase
      (decrease) tohedging
      relationships
                            
                            
                            
                            interest
      expense(in
      thousands)
                            
                            Location
      of change in fair value recognized in earnings on
      derivative
                            
                            2010
                            
                            
                            2009Interest
      Rate ContractsDeposits
                            
                            Interest
      expense — deposits
                            
                            $
                            (739
                            )
                            
                            $
                            (346
                            )Subordinated
      notes
                            
                            Interest
      expense — subordinated notes and other long term debt
                            
                            
                            (4,323
                            )
                            
                            
                            (6,346
                            )Other
      long term debt
                            
                            Interest
      expense — subordinated notes and other long term debt
                            
                            
                            (260
                            )
                            
                            
                            486Total
                            
                            
                            
                            $
                            (5,322
                            )
                            
                            $
                            (6,206
                            )
  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.
  30
  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 three months ended March 31, 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
                                  
                                  
                                  
                                  
                                  OCI
      into earningsrelationships
                                  
                                  (effective
      portion)
                                  
                                  
                                  Location
      of gain or (loss) reclassified from accumulated
                                  
                                  (effective
      portion)(in
      thousands)
                                  
                                  2010
                                  
                                  
                                  2009
                                  
                                  
                                  OCI
      into earnings (effective portion)
                                  
                                  2010
                                  
                                  
                                  2009Interest
      rate contractsLoans
                                  
                                  $
                                  25,762
                                  
                                  
                                  $
                                  (15,324
                                  )
                                  
                                  Interest
      and fee income — loans and leases
                                  
                                  $
                                  (35,655
                                  )
                                  
                                  $
                                  16,888FHLB
      Advances
                                  
                                  
                                  —
                                  
                                  
                                  
                                  1,338
                                  
                                  
                                  Interest
      expense — FHLB Advances
                                  
                                  
                                  1,265
                                  
                                  
                                  
                                  1,861Deposits
                                  
                                  
                                  —
                                  
                                  
                                  
                                  136
                                  
                                  
                                  Interest
      expense — deposits
                                  
                                  
                                  —
                                  
                                  
                                  
                                  1,623Subordinated
      notes
                                  
                                  
                                  —
                                  
                                  
                                  
                                  43
                                  
                                  
                                  Interest
      expense — subordinated notes and other long term debt
                                  
                                  
                                  (410
                                  )
                                  
                                  
                                  (669
                                  )Other
      long term debt
                                  
                                  
                                  —
                                  
                                  
                                  
                                  —
                                  
                                  
                                  Interest
      expense — subordinated notes and other long term debt
                                  
                                  
                                  —
                                  
                                  
                                  
                                  (122
                                  )Total
                                  
                                  $
                                  25,762
                                  
                                  
                                  $
                                  (13,807
                                  )
                                  
                                  
                                  
                                  $
                                  (34,800
                                  )
                                  
                                  $
                                  19,581
  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 ended
March 31, 2010, and 2009.
 (in thousands)
                  
                  2010
                  
                  
                  2009Derivatives
      in fair value hedging relationshipsInterest
      rate contractsDeposits
                  
                  $
                  156
                  
                  
                  $
                  342Derivatives
      in cash flow hedging relationshipsInterest
      rate contractsLoans
                  
                  
                  867
                  
                  
                  
                  491FHLB
      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 March 31,
2010, December 31, 2009, and March 31, 2009 were $44.0 million,
$45.1 million and $40.7 million, respectively. Changes in fair value
of $2.7 million and $3.8 million for the three months ended
March 31, 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 $9.4
billion, $9.6 billion and $10.5 billion at March 31, 2010,
December 31, 2009, and March 31, 2009, respectively. Huntington’s
credit risks from interest rate swaps used for trading purposes were
$266.9 million, $255.7 million and $409.3 million at the same
dates, respectively.
  31
  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:
 March 31,
                          
                          
                          December 31,
                          
                          
                          March 31,(in thousands)
                          
                          2010
                          
                          
                          2009
                          
                          
                          2009Derivative
      assets:Interest
      rate lock agreements
                          
                          $
                          3,301
                          
                          
                          $
                          995
                          
                          
                          $
                          9,580Forward
      trades and options
                          
                          
                          979
                          
                          
                          
                          7,711
                          
                          
                          
                          474Total
      derivative assets
                          
                          
                          4,280
                          
                          
                          
                          8,706
                          
                          
                          
                          10,054Derivative
      liabilities:Interest
      rate lock agreements
                          
                          
                          (241
                          )
                          
                          
                          (1,338
                          )
                          
                          
                          (65
                          )Forward
      trades and options
                          
                          
                          (722
                          )
                          
                          
                          (119
                          )
                          
                          
                          (10,262
                          )Total
      derivative liabilities
                          
                          
                          (963
                          )
                          
                          
                          (1,457
                          )
                          
                          
                          (10,327
                          )Net
      derivative liability
                          
                          $
                          3,317
                          
                          
                          $
                          7,249
                          
                          
                          $
                          (273
                          )
  The total
notional value of these derivative financial instruments at March 31, 2010,
December 31, 2009 and March 31, 2009, was $3.5 billion,
$3.7 billion, $4.9 billion, respectively. The total notional amount at
March 31, 2010 corresponds to trading assets with a fair value of
$6.8 million and trading liabilities with a fair value of
$1.8 million. Total MSR hedging gains and (losses) for the three
months ended March 31, 2010, and 2009, were $11.9 million, and
$9.4 million, respectively. Included in total MSR hedging gains and losses
for the three months ended March 31, 2010, and 2009 were gains and
(losses) related to derivative instruments of $11.5 million, and $6.7
million, 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 March 31, 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.
  The
carrying amount and classification of the trusts’ assets and liabilities
included in the consolidated balance sheet are as follows:
 March 31, 2010Franklin(in thousands)
                          
                          2009 Trust
                          
                          
                          2009 Trust
                          
                          
                          2008 Trust
                          
                          
                          2006 Trust
                          
                          
                          2000 Trust
                          
                          
                          TotalAssetsCash
                          
                          $
                          —
                          
                          
                          $
                          30,468
                          
                          
                          $
                          29,351
                          
                          
                          $
                          227,740
                          
                          
                          $
                          54,916
                          
                          
                          $
                          342,475Loans
      and leases
                          
                          
                          418,859
                          
                          
                          
                          730,508
                          
                          
                          
                          469,613
                          
                          
                          
                          1,233,311
                          
                          
                          
                          21,396
                          
                          
                          
                          2,873,687Allowance
      for loan and lease losses
                          
                          
                          —
                          
                          
                          
                          —
                          
                          
                          
                          (5,729
                          )
                          
                          
                          (15,046
                          )
                          
                          
                          (260
                          )
                          
                          
                          (21,035
                          )Net
      loans and leases
                          
                          
                          418,859
                          
                          
                          
                          730,508
                          
                          
                          
                          463,884
                          
                          
                          
                          1,218,265
                          
                          
                          
                          21,136
                          
                          
                          
                          2,852,652Accrued
      income and other assets
                          
                          
                          35,209
                          
                          
                          
                          3,109
                          
                          
                          
                          2,501
                          
                          
                          
                          5,769
                          
                          
                          
                          81
                          
                          
                          
                          38,740Total
      assets
                          
                          $
                          454,068
                          
                          
                          $
                          764,085
                          
                          
                          $
                          495,736
                          
                          
                          $
                          1,451,774
                          
                          
                          $
                          76,133
                          
                          
                          $
                          3,233,867LiabilitiesOther
      long-term debt
                          
                          $
                          76,124
                          
                          
                          $
                          573,018
                          
                          
                          $
                          329,944
                          
                          
                          $
                          1,061,039
                          
                          
                          $
                          —
                          
                          
                          $
                          2,040,125Accrued
      interest and other liabilities
                          
                          
                          4,054
                          
                          
                          
                          2,620
                          
                          
                          
                          631
                          
                          
                          
                          12,712
                          
                          
                          
                          —
                          
                          
                          
                          20,017Total
      liabilities
                          
                          $
                          80,178
                          
                          
                          $
                          575,638
                          
                          
                          $
                          330,575
                          
                          
                          $
                          1,073,751
                          
                          
                          $
                          —
                          
                          
                          $
                          2,060,142
  32
  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 March 31, 2010 follows:
 Principal
      amount of
                      
                      
                      Investment
      insubordinated
      note/
                      
                      
                      unconsolidated(in thousands)
                      
                      debenture issued to trust
    (1)
                      
                      
                      subsidiary (2)Huntington
      Capital I
                      
                      $
                      138,816
                      
                      
                      $
                      6,186Huntington
      Capital II
                      
                      
                      60,093
                      
                      
                      
                      3,093Huntington
      Capital III
                      
                      
                      114,052
                      
                      
                      
                      10BancFirst
      Ohio Trust Preferred
                      
                      
                      23,287
                      
                      
                      
                      619Sky
      Financial Capital Trust I
                      
                      
                      64,744
                      
                      
                      
                      1,856Sky
      Financial Capital Trust II
                      
                      
                      30,929
                      
                      
                      
                      929Sky
      Financial Capital Trust III
                      
                      
                      77,728
                      
                      
                      
                      2,320Sky
      Financial Capital Trust IV
                      
                      
                      77,729
                      
                      
                      
                      2,320Prospect
      Trust I
                      
                      
                      6,186
                      
                      
                      
                      186Total
                      
                      $
                      593,564
                      
                      
                      $
                      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.
  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 March 31, 2010,
December 31, 2009 and March 31, 2009, Huntington has commitments of
$289.3 million, $285.3 million and $198.8 million, respectively of
which $203.3 million, $192.7 million and $156.6 million,
respectively are funded. The unfunded portion is included in accrued expenses
and other liabilities.
  33
  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 March 31, 2010, December 31, 2009 and
March 31, 2009, were as follows:
 March
      31,
                  
                  
                  December
      31,
                  
                  
                  March
      31,(in millions)
                  
                  2010
                  
                  
                  2009
                  
                  
                  2009Contract
      amount represents credit riskCommitments
      to extend creditCommercial
                  
                  $
                  5,664
                  
                  
                  $
                  5,834
                  
                  
                  $
                  6,235Consumer
                  
                  
                  5,080
                  
                  
                  
                  5,028
                  
                  
                  
                  4,974Commercial
      real estate
                  
                  
                  922
                  
                  
                  
                  1,075
                  
                  
                  
                  1,672Standby
      letters of credit
                  
                  
                  557
                  
                  
                  
                  577
                  
                  
                  
                  1,042
  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 $2.7 million, $2.8 million and
$3.8 million at March 31, 2010, December 31, 2009 and March 31,
2009, respectively.
  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 March 31, 2010, Huntington had
$0.6 billion of standby letters of credit outstanding, of which 65% were
collateralized. Included in this $0.6 billion total are letters of credit
issued by the Bank that support securities that were issued by customers and
remarketed by The Huntington Investment Company (HIC), the Company’s
broker-dealer subsidiary. As a result of a change in credit ratings and pursuant
to the letters of credit issued by the Bank, the Bank repurchased substantially
all of these securities, net of payments and maturities, during
2009.
  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 March 31, 2010, approximately $75.3 million of the standby letters of
credit were rated strong with sufficient asset quality, liquidity, and good debt
capacity and coverage, approximately $418.9 million were rated average with
acceptable asset quality, liquidity, and modest debt capacity; and approximately
$62.4 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
March 31, 2010, December 31, 2009 and March 31, 2009, Huntington
had commitments to sell residential real estate loans of $600.9 million,
$662.9 million and $912.5 million, respectively. These contracts mature in
less than one year.
  34
  Income
Taxes
  The
Company and its subsidiaries file income tax returns 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, Indiana and Kentucky 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 December 31, 2009 and March 31, 2010, the Company had a net
unrecognized tax benefit of $13.5 million and $18.6 million, respectively,
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 March 31, 2010, December 31, 2009
and March 31, 2009 and no amounts accrued at March 31, 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.
  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.
  35
  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.
  17.
PARENT COMPANY FINANCIAL STATEMENTS
  The
parent company condensed financial statements, which include transactions with
subsidiaries, are as follows.
 Balance
      Sheets
                            
                            March
      31,
                            
                            
                            December
      31,
                            
                            
                            March
      31,(in thousands)
                            
                            2010
                            
                            
                            2009
                            
                            
                            2009ASSETSCash
      and cash equivalents (1)
                            
                            $
                            1,090,753
                            
                            
                            $
                            1,376,539
                            
                            
                            $
                            1,173,649Due
      from The Huntington National Bank (2)
                            
                            
                            954,205
                            
                            
                            
                            955,695
                            
                            
                            
                            541,926Due
      from non-bank subsidiaries
                            
                            
                            258,009
                            
                            
                            
                            273,317
                            
                            
                            
                            307,926Investment
      in The Huntington National Bank
                            
                            
                            3,182,944
                            
                            
                            
                            2,821,181
                            
                            
                            
                            2,883,113Investment
      in non-bank subsidiaries
                            
                            
                            825,108
                            
                            
                            
                            815,730
                            
                            
                            
                            854,204Accrued
      interest receivable and other assets
                            
                            
                            168,807
                            
                            
                            
                            112,557
                            
                            
                            
                            169,180Total
      assets
                            
                            $
                            6,479,826
                            
                            
                            $
                            6,355,019
                            
                            
                            $
                            5,929,998LIABILITIES
      AND SHAREHOLDERS’ EQUITYShort-term
      borrowings
                            
                            $
                            691
                            
                            
                            $
                            1,291
                            
                            
                            $
                            1,393Long-term
      borrowings
                            
                            
                            637,434
                            
                            
                            
                            637,434
                            
                            
                            
                            803,699Dividends
      payable, accrued expenses, and other liabilities
                            
                            
                            472,015
                            
                            
                            
                            380,292
                            
                            
                            
                            310,170Total
      liabilities
                            
                            
                            1,110,140
                            
                            
                            
                            1,019,017
                            
                            
                            
                            1,115,262Shareholders’
      equity (3)
                            
                            
                            5,369,686
                            
                            
                            
                            5,336,002
                            
                            
                            
                            4,814,736Total
      liabilities and shareholders’ equity
                            
                            $
                            6,479,826
                            
                            
                            $
                            6,355,019
                            
                            
                            $
                            5,929,998
 
 (1)
              Includes restricted cash of
      $125,000 at March 31,
2010
 (2)
              Related to subordinated notes
      described in Note 7.
 (3)
              See Huntington’s Consolidated
      Statements of Changes in Shareholders’
  Equity.
  36
 
 Three
      Months EndedStatements
      of Income
                                  
                                  March 31,(in thousands)
                                  
                                  2010
                                  
                                  
                                  2009IncomeDividends
      fromThe
      Huntington National Bank
                                  
                                  $
                                  —
                                  
                                  
                                  $
                                  —Non-bank
      subsidiaries
                                  
                                  
                                  18,000
                                  
                                  
                                  
                                  9,250Interest
      fromThe
      Huntington National Bank
                                  
                                  
                                  21,016
                                  
                                  
                                  
                                  11,351Non-bank
      subsidiaries
                                  
                                  
                                  3,463
                                  
                                  
                                  
                                  4,431Other
                                  
                                  
                                  1,697
                                  
                                  
                                  
                                  (180
                                  )Total
      income
                                  
                                  
                                  44,176
                                  
                                  
                                  
                                  24,852ExpensePersonnel
      costs
                                  
                                  
                                  1,037
                                  
                                  
                                  
                                  2,087Interest
      on borrowings
                                  
                                  
                                  5,541
                                  
                                  
                                  
                                  9,390Other
                                  
                                  
                                  12,693
                                  
                                  
                                  
                                  6,474Total
      expense
                                  
                                  
                                  19,271
                                  
                                  
                                  
                                  17,951Income
      before income taxes and equity in undistributed net income of
      subsidiaries
                                  
                                  
                                  24,905
                                  
                                  
                                  
                                  6,901Income
      taxes
                                  
                                  
                                  15,849
                                  
                                  
                                  
                                  (51,627
                                  )Income
      before equity in undistributed net income of subsidiaries
                                  
                                  
                                  9,056
                                  
                                  
                                  
                                  58,528Increase
      (decrease) in undistributed net income of:The
      Huntington National Bank
                                  
                                  
                                  40,167
                                  
                                  
                                  
                                  (2,460,305
                                  )Non-bank
      subsidiaries
                                  
                                  
                                  (9,486
                                  )
                                  
                                  
                                  (31,430
                                  )Net
      income (loss)
                                  
                                  $
                                  39,737
                                  
                                  
                                  $
                                  (2,433,207
                                  )
  37
 
 Three
      Months EndedStatements
      of Cash Flows
                                  
                                  March 31,(in thousands)
                                  
                                  2010
                                  
                                  
                                  2009Operating
      activitiesNet
      income (loss)
                                  
                                  $
                                  39,737
                                  
                                  
                                  $
                                  (2,433,207
                                  )Adjustments
      to reconcile net income to net cash provided by operating
      activitiesEquity
      in undistributed net income of subsidiaries
                                  
                                  
                                  (48,681
                                  )
                                  
                                  
                                  2,491,735Depreciation
      and amortization
                                  
                                  
                                  255
                                  
                                  
                                  
                                  270Other,
      net
                                  
                                  
                                  36,682
                                  
                                  
                                  
                                  (47,804
                                  )Net
      cash provided by operating activities
                                  
                                  
                                  27,993
                                  
                                  
                                  
                                  10,994Investing
      activitiesRepayments
      from subsidiaries
                                  
                                  
                                  19,471
                                  
                                  
                                  
                                  215,242Advances
      to subsidiaries
                                  
                                  
                                  (301,211
                                  )
                                  
                                  
                                  (104,312
                                  )Net
      cash (used for) provided by investing activities
                                  
                                  
                                  (281,740
                                  )
                                  
                                  
                                  110,930Financing
      activitiesPayment
      of borrowings
                                  
                                  
                                  (600
                                  )
                                  
                                  
                                  —Dividends
      paid on preferred stock
                                  
                                  
                                  (25,179
                                  )
                                  
                                  
                                  (29,761
                                  )Dividends
      paid on common stock
                                  
                                  
                                  (7,144
                                  )
                                  
                                  
                                  (40,257
                                  )Other,
      net
                                  
                                  
                                  884
                                  
                                  
                                  
                                  (313
                                  )Net
      cash used for financing activities
                                  
                                  
                                  (32,039
                                  )
                                  
                                  
                                  (70,331
                                  )Change
      in cash and cash equivalents
                                  
                                  
                                  (285,786
                                  )
                                  
                                  
                                  51,593Cash
      and cash equivalents at beginning of period
                                  
                                  
                                  1,376,539
                                  
                                  
                                  
                                  1,122,056Cash
      and cash equivalents at end of period
                                  
                                  $
                                  1,090,753
                                  
                                  
                                  $
                                  1,173,649Supplemental
      disclosure:Interest
      paid
                                  
                                  $
                                  5,541
                                  
                                  
                                  $
                                  9,390
  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 and small
business administration (SBA) lending. 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
March 31, 2010, Retail and Business Banking accounted for 39% and 71% 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.
  38
  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 2,100 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 assets, reported “Significant Items” (excluding the goodwill
impairment), and a small residual of other unallocated expenses, are allocated
to the other five business segments.
  39
  Listed
below is certain operating basis financial information reconciled to
Huntington’s 2010, and 2009 reported results by business segment:
 Three
      Months Ended March
      31,Retail
      &
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        FormerIncome
      Statements
                        
                        Business
                        
                        
                        
                        
                        
                        
                        Commercial
                        
                        
                        Regional
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        Treasury/
                        
                        
                        Huntington(in
      thousands
      )
                        
                        Banking
                        
                        
                        Commercial
                        
                        
                        Real Estate
                        
                        
                        Banking
                        
                        
                        AFDS
                        
                        
                        PFG
                        
                        
                        Other
                        
                        
                        Consolidated2010Net
      interest income
                        
                        $
                        218,003
                        
                        
                        $
                        54,490
                        
                        
                        $
                        38,133
                        
                        
                        $
                        310,626
                        
                        
                        $
                        39,416
                        
                        
                        $
                        22,540
                        
                        
                        $
                        21,311
                        
                        
                        $
                        393,893Provision
      for credit losses
                        
                        
                        (65,220
                        )
                        
                        
                        (43,295
                        )
                        
                        
                        (126,017
                        )
                        
                        
                        (234,532
                        )
                        
                        
                        2,748
                        
                        
                        
                        8,295
                        
                        
                        
                        (11,519
                        )
                        
                        
                        (235,008
                        )Non
      interest income
                        
                        
                        116,401
                        
                        
                        
                        25,499
                        
                        
                        
                        358
                        
                        
                        
                        142,258
                        
                        
                        
                        16,560
                        
                        
                        
                        65,763
                        
                        
                        
                        16,271
                        
                        
                        
                        240,852Non
      interest expense
                        
                        
                        (239,823
                        )
                        
                        
                        (37,954
                        )
                        
                        
                        (12,183
                        )
                        
                        
                        (289,960
                        )
                        
                        
                        (27,592
                        )
                        
                        
                        (70,807
                        )
                        
                        
                        (9,734
                        )
                        
                        
                        (398,093
                        )Income
      taxes
                        
                        
                        (10,276
                        )
                        
                        
                        441
                        
                        
                        
                        34,897
                        
                        
                        
                        25,062
                        
                        
                        
                        (10,896
                        )
                        
                        
                        (9,027
                        )
                        
                        
                        32,954
                        
                        
                        
                        38,093Operating/reported
      net income (loss)
                        
                        $
                        19,085
                        
                        
                        $
                        (819
                        )
                        
                        $
                        (64,812
                        )
                        
                        $
                        (46,546
                        )
                        
                        $
                        20,236
                        
                        
                        $
                        16,764
                        
                        
                        $
                        49,283
                        
                        
                        $
                        39,7372009Net
      interest income
                        
                        $
                        233,333
                        
                        
                        $
                        53,148
                        
                        
                        $
                        33,377
                        
                        
                        $
                        319,858
                        
                        
                        $
                        39,471
                        
                        
                        $
                        18,172
                        
                        
                        $
                        (39,996
                        )
                        
                        $
                        337,505Provision
      for credit losses
                        
                        
                        (86,612
                        )
                        
                        
                        (52,141
                        )
                        
                        
                        (101,150
                        )
                        
                        
                        (239,903
                        )
                        
                        
                        (44,039
                        )
                        
                        
                        (9,557
                        )
                        
                        
                        1,662
                        
                        
                        
                        (291,837
                        )Non-Interest
      income
                        
                        
                        125,473
                        
                        
                        
                        24,647
                        
                        
                        
                        1,083
                        
                        
                        
                        151,203
                        
                        
                        
                        9,926
                        
                        
                        
                        63,593
                        
                        
                        
                        14,380
                        
                        
                        
                        239,102Non-Interest
      expense, excluding goodwill impairment
                        
                        
                        (215,417
                        )
                        
                        
                        (31,077
                        )
                        
                        
                        (8,006
                        )
                        
                        
                        (254,500
                        )
                        
                        
                        (31,272
                        )
                        
                        
                        (59,128
                        )
                        
                        
                        (22,156
                        )
                        
                        
                        (367,056
                        )Goodwill
      impairment
                        
                        
                        —
                        
                        
                        
                        —
                        
                        
                        
                        —
                        
                        
                        
                        (2,573,818
                        )(1)
                        
                        
                        —
                        
                        
                        
                        (28,895
                        )
                        
                        
                        —
                        
                        
                        
                        (2,602,713
                        )Income
      taxes
                        
                        
                        (19,872
                        )
                        
                        
                        1,898
                        
                        
                        
                        26,144
                        
                        
                        
                        8,170
                        
                        
                        
                        9,070
                        
                        
                        
                        5,535
                        
                        
                        
                        229,017
                        
                        
                        
                        251,792Operating/reported
      net income (loss)
                        
                        $
                        36,905
                        
                        
                        $
                        (3,525
                        )
                        
                        $
                        (48,552
                        )
                        
                        $
                        (2,588,990
                        )
                        
                        $
                        (16,844
                        )
                        
                        $
                        (10,280
                        )
                        
                        $
                        182,907
                        
                        
                        $
                        (2,433,207
                        )
 
 (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.
 Assets
      at
                    
                    
                    Deposits
      atMarch
      31,
                    
                    
                    December
      31,
                    
                    
                    March
      31,
                    
                    
                    March
      31,
                    
                    
                    December
      31,
                    
                    
                    March
      31,(in
      millions)
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009
                    
                    
                    2010
                    
                    
                    2009
                    
                    
                    2009Retail
      & Business Banking
                    
                    $
                    16,334
                    
                    
                    $
                    16,565
                    
                    
                    $
                    16,949
                    
                    
                    $
                    28,658
                    
                    
                    $
                    28,877
                    
                    
                    $
                    27,741Commercial
      Banking
                    
                    
                    7,592
                    
                    
                    
                    7,767
                    
                    
                    
                    8,520
                    
                    
                    
                    6,465
                    
                    
                    
                    6,031
                    
                    
                    
                    6,151Commercial
      Real Estate
                    
                    
                    6,727
                    
                    
                    
                    7,426
                    
                    
                    
                    8,383
                    
                    
                    
                    566
                    
                    
                    
                    535
                    
                    
                    
                    479AFDS
                    
                    
                    6,084
                    
                    
                    
                    5,142
                    
                    
                    
                    4,941
                    
                    
                    
                    87
                    
                    
                    
                    83
                    
                    
                    
                    72PFG
                    
                    
                    3,271
                    
                    
                    
                    3,254
                    
                    
                    
                    3,262
                    
                    
                    
                    3,349
                    
                    
                    
                    3,409
                    
                    
                    
                    2,187Treasury
      / Other
                    
                    
                    11,859
                    
                    
                    
                    11,401
                    
                    
                    
                    9,647
                    
                    
                    
                    1,178
                    
                    
                    
                    1,559
                    
                    
                    
                    2,440Total
                    
                    $
                    51,867
                    
                    
                    $
                    51,555
                    
                    
                    $
                    51,702
                    
                    
                    $
                    40,303
                    
                    
                    $
                    40,494
                    
                    
                    $
                    39,070
  40