Exhibit 99.1. 
 Huntington Bancshares Incorporated
Condensed Consolidated Balance Sheets  (Unaudited)
 2009
    
    
    2008(in thousands, except number of shares)
    
    September 30,
    
    
    December 31,
    
    
    September 30,AssetsCash and due from banks
    
    $
    1,882,108
    
    
    $
    806,693
    
    
    $
    901,239Federal funds sold and securities
purchased under resale agreements
    
    
    
    
    
    
    37,975
    
    
    
    269,519Interest bearing deposits in banks
    
    
    397,941
    
    
    
    292,561
    
    
    
    298,297Trading account securities
    
    
    121,366
    
    
    
    88,677
    
    
    
    998,249Loans held for sale
    
    
    530,861
    
    
    
    390,438
    
    
    
    286,751Investment securities
    
    
    8,503,150
    
    
    
    4,384,457
    
    
    
    4,565,064Loans and leases
    
    
    37,304,094
    
    
    
    41,092,165
    
    
    
    41,191,723Allowance for loan and lease losses
    
    
    (1,031,971
    )
    
    
    (900,227
    )
    
    
    (720,738
    )Net loans and leases
    
    
    36,272,123
    
    
    
    40,191,938
    
    
    
    40,470,985Bank owned life insurance
    
    
    1,402,134
    
    
    
    1,364,466
    
    
    
    1,353,400Premises and equipment
    
    
    496,280
    
    
    
    519,500
    
    
    
    527,798Goodwill
    
    
    443,648
    
    
    
    3,054,985
    
    
    
    3,056,386Other intangible assets
    
    
    302,612
    
    
    
    356,703
    
    
    
    375,914Accrued income and other assets
    
    
    2,160,436
    
    
    
    2,864,466
    
    
    
    1,556,987Total Assets
    
    $
    52,512,659
    
    
    $
    54,352,859
    
    
    $
    54,660,589Liabilities and Shareholders EquityLiabilitiesDeposits
    
    $
    39,829,057
    
    
    $
    37,943,286
    
    
    $
    37,569,056Short-term borrowings
    
    
    852,076
    
    
    
    1,309,157
    
    
    
    1,974,368Federal Home Loan Bank advances
    
    
    920,045
    
    
    
    2,588,976
    
    
    
    3,483,001Other long-term debt
    
    
    2,434,858
    
    
    
    2,331,632
    
    
    
    2,497,002Subordinated notes
    
    
    1,674,054
    
    
    
    1,950,097
    
    
    
    1,864,728Accrued expenses and other liabilities
    
    
    1,127,463
    
    
    
    1,000,805
    
    
    
    896,674Total Liabilities
    
    
    46,837,553
    
    
    
    47,123,953
    
    
    
    48,284,829Shareholders 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
    
    
    1,320,898
    
    
    
    1,308,667
    
    
    
    8.50% Series A Non-cumulative Perpetual Convertible Preferred
Stock, par value and liquidiation value per share of $1,000
    
    
    362,507
    
    
    
    569,000
    
    
    
    569,000Common stock Par value of $0.01 and authorized 1,000,000,000 shares
    
    
    7,154
    
    
    
    3,670
    
    
    
    3,670Capital surplus
    
    
    6,723,923
    
    
    
    5,322,428
    
    
    
    5,228,381Less treasury shares at cost
    
    
    (11,827
    )
    
    
    (15,530
    )
    
    
    (15,501
    )Accumulated other comprehensive income (loss):Unrealized losses on investment securities
    
    
    (103,010
    )
    
    
    (207,756
    )
    
    
    (207,816
    )Unrealized gains on cash flow hedging derivatives
    
    
    50,311
    
    
    
    44,638
    
    
    
    (13,450
    )Pension and other postretirement benefit adjustments
    
    
    (159,143
    )
    
    
    (163,575
    )
    
    
    (45,411
    )Retained (deficit) earnings
    
    
    (2,515,707
    )
    
    
    367,364
    
    
    
    856,887Total Shareholders Equity
    
    
    5,675,106
    
    
    
    7,228,906
    
    
    
    6,375,760Total Liabilities and Shareholders Equity
    
    $
    52,512,659
    
    
    $
    54,352,859
    
    
    $
    54,660,589Common shares issued
    
    
    715,409,524
    
    
    
    366,972,250
    
    
    
    366,970,661Common shares outstanding
    
    
    714,469,066
    
    
    
    366,057,669
    
    
    
    366,068,762Treasury shares outstanding
    
    
    940,458
    
    
    
    914,581
    
    
    
    901,899Preferred shares issued
    
    
    1,967,071
    
    
    
    1,967,071
    
    
    
    569,000Preferred shares outstanding
    
    
    1,760,578
    
    
    
    1,967,071
    
    
    
    569,000
 See notes to unaudited condensed consolidated financial statements
  99




---



##### 



Huntington Bancshares Incorporated
Condensed Consolidated Statements of Income  (Unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands, except per share amounts)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Interest and fee incomeLoans and leasesTaxable
    
    $
    476,832
    
    
    $
    600,340
    
    
    $
    1,462,647
    
    
    $
    1,863,556Tax-exempt
    
    
    3,184
    
    
    
    1,388
    
    
    
    7,741
    
    
    
    4,899Investment securitiesTaxable
    
    
    64,955
    
    
    
    55,042
    
    
    
    180,445
    
    
    
    163,500Tax-exempt
    
    
    1,356
    
    
    
    7,497
    
    
    
    7,454
    
    
    
    22,375Other
    
    
    7,519
    
    
    
    21,461
    
    
    
    28,520
    
    
    
    81,484Total interest income
    
    
    553,846
    
    
    
    685,728
    
    
    
    1,686,807
    
    
    
    2,135,814Interest expensesDeposits
    
    
    161,593
    
    
    
    219,086
    
    
    
    525,243
    
    
    
    721,734Short-term borrowings
    
    
    564
    
    
    
    7,604
    
    
    
    1,825
    
    
    
    38,545Federal Home Loan Bank advances
    
    
    2,170
    
    
    
    23,435
    
    
    
    11,118
    
    
    
    83,080Subordinated notes and other long-term debt
    
    
    26,700
    
    
    
    46,967
    
    
    
    98,398
    
    
    
    137,129Total interest expense
    
    
    191,027
    
    
    
    297,092
    
    
    
    636,584
    
    
    
    980,488Net interest income
    
    
    362,819
    
    
    
    388,636
    
    
    
    1,050,223
    
    
    
    1,155,326Provision for credit losses
    
    
    475,136
    
    
    
    125,392
    
    
    
    1,180,680
    
    
    
    334,855Net interest (loss) income after provision for credit losses
    
    
    (112,317
    )
    
    
    263,244
    
    
    
    (130,457
    )
    
    
    820,471Service charges on deposit accounts
    
    
    80,811
    
    
    
    80,508
    
    
    
    226,042
    
    
    
    232,806Brokerage and insurance income
    
    
    33,996
    
    
    
    34,309
    
    
    
    105,996
    
    
    
    106,563Trust services
    
    
    25,832
    
    
    
    30,952
    
    
    
    76,364
    
    
    
    98,169Electronic banking
    
    
    28,017
    
    
    
    23,446
    
    
    
    74,978
    
    
    
    67,429Bank owned life insurance income
    
    
    13,639
    
    
    
    13,318
    
    
    
    40,817
    
    
    
    41,199Automobile operating lease income
    
    
    12,795
    
    
    
    11,492
    
    
    
    39,139
    
    
    
    26,681Mortgage banking income (loss)
    
    
    21,435
    
    
    
    10,302
    
    
    
    87,680
    
    
    
    15,741Net (losses) gains on sales of investment securities
    
    
    16,208
    
    
    
    (73,790
    )
    
    
    34,459
    
    
    
    (70,288
    )Impairment losses on investment securities:Impairment losses on investment securities
    
    
    (53,307
    )
    
    
    
    
    
    
    (145,359
    )
    
    
    Noncredit-related losses on securities not expected
to be sold (recognized in other comprehensive income)
    
    
    34,725
    
    
    
    
    
    
    
    103,253
    
    
    
    Net impairment losses on investment securities
    
    
    (18,582
    )
    
    
    
    
    
    
    (42,106
    )
    
    
    Other income
    
    
    41,901
    
    
    
    37,320
    
    
    
    117,730
    
    
    
    121,739Total non-interest income
    
    
    256,052
    
    
    
    167,857
    
    
    
    761,099
    
    
    
    640,039Personnel costs
    
    
    172,152
    
    
    
    184,827
    
    
    
    519,819
    
    
    
    586,761Outside data processing and other services
    
    
    37,999
    
    
    
    32,386
    
    
    
    109,697
    
    
    
    96,933Net occupancy
    
    
    25,382
    
    
    
    25,215
    
    
    
    79,000
    
    
    
    85,429OREO and foreclosure expense
    
    
    38,968
    
    
    
    9,113
    
    
    
    75,379
    
    
    
    25,284Equipment
    
    
    20,967
    
    
    
    22,102
    
    
    
    62,663
    
    
    
    71,636Amortization of intangibles
    
    
    16,995
    
    
    
    19,463
    
    
    
    51,247
    
    
    
    57,707Professional services
    
    
    18,108
    
    
    
    12,234
    
    
    
    51,220
    
    
    
    33,183Marketing
    
    
    8,259
    
    
    
    7,049
    
    
    
    23,975
    
    
    
    23,307Automobile operating lease expense
    
    
    10,589
    
    
    
    9,093
    
    
    
    32,920
    
    
    
    20,799Telecommunications
    
    
    5,902
    
    
    
    6,007
    
    
    
    17,880
    
    
    
    19,116Printing and supplies
    
    
    3,950
    
    
    
    4,316
    
    
    
    11,673
    
    
    
    14,695Goodwill impairment
    
    
    
    
    
    
    
    
    
    
    2,606,944
    
    
    
    Other expense
    
    
    41,826
    
    
    
    7,191
    
    
    
    68,431
    
    
    
    52,430Total non-interest expense
    
    
    401,097
    
    
    
    338,996
    
    
    
    3,710,848
    
    
    
    1,087,280(Loss) income before income taxes
    
    
    (257,362
    )
    
    
    92,105
    
    
    
    (3,080,206
    )
    
    
    373,230(Benefit) provision for income taxes
    
    
    (91,172
    )
    
    
    17,042
    
    
    
    (355,714
    )
    
    
    69,747Net (loss) income
    
    $
    (166,190
    )
    
    $
    75,063
    
    
    $
    (2,724,492
    )
    
    $
    303,483Dividends on preferred shares
    
    
    29,223
    
    
    
    12,091
    
    
    
    145,467
    
    
    
    23,242Net (loss) income applicable to common shares
    
    $
    (195,413
    )
    
    $
    62,972
    
    
    $
    (2,869,959
    )
    
    $
    280,241Average common shares  basic
    
    
    589,708
    
    
    
    366,124
    
    
    
    471,958
    
    
    
    366,188Average common shares  diluted
    
    
    589,708
    
    
    
    367,361
    
    
    
    471,958
    
    
    
    367,268Per common shareNet (loss) income  basic
    
    $
    (0.33
    )
    
    $
    0.17
    
    
    $
    (6.08
    )
    
    $
    0.77Net (loss) income  diluted
    
    
    (0.33
    )
    
    
    0.17
    
    
    
    (6.08
    )
    
    
    0.76Cash dividends declared
    
    
    0.0100
    
    
    
    0.1325
    
    
    
    0.0300
    
    
    
    0.5300
 See notes to unaudited condensed consolidated financial statements
  100




---



##### 



Huntington Bancshares Incorporated
Condensed Consolidated Statements of Changes in Shareholders Equity  (Unaudited)
 AccumulatedPreferred Stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    OtherSeries B
    
    
    Series A
    
    
    Common Stock
    
    
    Capital
    
    
    Treasury Stock
    
    
    Comprehensive
    
    
    Retained(in thousands)
    
    Shares
    
    
    Amount
    
    
    Shares
    
    
    Amount
    
    
    Shares
    
    
    Amount
    
    
    Surplus
    
    
    Shares
    
    
    Amount
    
    
    Loss
    
    
    Earnings
    
    
    TotalNine Months Ended September 30, 2008:Balance, beginning of period
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    
    
    
    
    367,001
    
    
    $
    3,670
    
    
    $
    5,237,783
    
    
    
    (739
    )
    
    $
    (14,391
    )
    
    $
    (49,611
    )
    
    $
    771,689
    
    
    $
    5,949,140Cumulative effect of change in accounting principle
for fair value of assets and libilities, net of
tax of ($803)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,491
    
    
    
    1,491Cumulative effect of changing measurement date
provisions for pension and post-retirement assets
and obligations, net of tax of $4,324
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,834
    )
    
    
    (4,195
    )
    
    
    (8,029
    )Cumulative effect of change in accounting
principle for noncontrolling interests
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,950
    
    
    
    1,950Balance, beginning of period  as adjusted
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    367,001
    
    
    
    3,670
    
    
    
    5,237,783
    
    
    
    (739
    )
    
    
    (14,391
    )
    
    
    (53,445
    )
    
    
    770,935
    
    
    
    5,944,552Comprehensive Income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    303,483
    
    
    
    303,483Unrealized net losses on investment securities
arising during the period, net of reclassification
for net realized gains, net of tax of $108,048
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (197,805
    )
    
    
    
    
    
    
    (197,805
    )Unrealized losses on cash flow hedging derivatives,
net of tax of $9,694
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (18,003
    )
    
    
    
    
    
    
    (18,003
    )Amortization included in net periodic benefit costs:Net actuarial loss, net of tax of ($843)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,565
    
    
    
    
    
    
    
    1,565Prior service costs, net of tax of ($253)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    470
    
    
    
    
    
    
    
    470Transition obligation, net of tax of ($291)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    541
    
    
    
    
    
    
    
    541Total comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    90,251Issuance of preferred stock
    
    
    
    
    
    
    
    
    
    
    569
    
    
    
    569,000
    
    
    
    
    
    
    
    
    
    
    
    (18,866
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    550,134Cash dividends declared:Common ($0.53 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (193,998
    )
    
    
    (193,998
    )Preferred Series A ($40.847 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (23,242
    )
    
    
    (23,242
    )Recognition of the fair value of
share-based compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,544
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,544Other share-based compensation activity
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (30
    )
    
    
    
    
    
    
    (674
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (195
    )
    
    
    (869
    )Other
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (406
    )
    
    
    (163
    )
    
    
    (1,110
    )
    
    
    
    
    
    
    (96
    )
    
    
    (1,612
    )Balance, end of period
    
    
    
    
    
    $
    
    
    
    
    569
    
    
    $
    569,000
    
    
    
    366,971
    
    
    $
    3,670
    
    
    $
    5,228,381
    
    
    
    (902
    )
    
    $
    (15,501
    )
    
    $
    (266,677
    )
    
    $
    856,887
    
    
    $
    6,375,760Nine Months Ended September 30, 2009:Balance, beginning of period
    
    
    1,398
    
    
    $
    1,308,667
    
    
    
    569
    
    
    $
    569,000
    
    
    
    366,972
    
    
    $
    3,670
    
    
    $
    5,322,428
    
    
    
    (915
    )
    
    $
    (15,530
    )
    
    $
    (326,693
    )
    
    $
    365,599
    
    
    $
    7,227,141Cumulative effect of change in accounting
principle for noncontrolling interests
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,765
    
    
    
    1,765Balance, beginning of period  as adjusted
    
    
    1,398
    
    
    
    1,308,667
    
    
    
    569
    
    
    
    569,000
    
    
    
    366,972
    
    
    
    3,670
    
    
    
    5,322,428
    
    
    
    (915
    )
    
    
    (15,530
    )
    
    
    (326,693
    )
    
    
    367,364
    
    
    
    7,228,906Comprehensive Income:Net loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,724,492
    )
    
    
    (2,724,492
    )Cumulative effect of change in accounting
principle for other-than-temporarily
impaired debt securities, net of tax of $1,907
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,541
    )
    
    
    3,541
    
    
    
    Non-credit-related impairment losses on debt
securities not expected to be sold, net of tax of $36,139
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (67,114
    )
    
    
    
    
    
    
    (67,114
    )Unrealized net gains on investment securities
arising during the period, net of reclassification
for net realized gains, net of tax of ($95,528)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    175,401
    
    
    
    
    
    
    
    175,401Unrealized gains on cash flow hedging derivatives,
net of tax of ($3,055)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,673
    
    
    
    
    
    
    
    5,673Amortization included in net periodic benefit costs:Net actuarial loss, net of tax of ($1,831)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,400
    
    
    
    
    
    
    
    3,400Prior service costs, net of tax of ($265)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    492
    
    
    
    
    
    
    
    492Transition obligation, net of tax of ($291)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    540
    
    
    
    
    
    
    
    540Total comprehensive loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,606,100
    )Issuance of common stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    307,008
    
    
    
    3,069
    
    
    
    1,137,657
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,140,726Conversion of Preferred Series A stock
    
    
    
    
    
    
    
    
    
    
    (206
    )
    
    
    (206,493
    )
    
    
    41,072
    
    
    
    411
    
    
    
    262,117
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (56,035
    )
    
    
    Amortization of discount
    
    
    
    
    
    
    11,931
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (11,931
    )
    
    
    Cash dividends declared:Common ($0.03 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (14,859
    )
    
    
    (14,859
    )Preferred Series B ($37.50 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (52,428
    )
    
    
    (52,428
    )Preferred Series A ($63.75 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (25,073
    )
    
    
    (25,073
    )Recognition of the fair value of
share-based compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,128
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,128Other share-based compensation activity
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    358
    
    
    
    4
    
    
    
    652
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (813
    )
    
    
    (157
    )Other
    
    
    
    
    
    
    300
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (4,059
    )
    
    
    (25
    )
    
    
    3,703
    
    
    
    
    
    
    
    (981
    )
    
    
    (1,037
    )Balance, end of period
    
    
    1,398
    
    
    $
    1,320,898
    
    
    
    363
    
    
    
    362,507
    
    
    
    715,410
    
    
    $
    7,154
    
    
    $
    6,723,923
    
    
    
    (940
    )
    
    $
    (11,827
    )
    
    $
    (211,842
    )
    
    $
    (2,515,707
    )
    
    $
    5,675,106
 See notes to unaudited condensed consolidated financial statements.
  101




---



##### 



Huntington Bancshares Incorporated
Condensed Consolidated Statements of Cash Flows  (Unaudited)
 Nine Months EndedSeptember 30,(in thousands)
    
    2009
    
    
    2008Operating activitiesNet (loss) income
    
    $
    (2,724,492
    )
    
    $
    303,483Adjustments to reconcile net (loss) income to net cash provided
by operating activites:Impairment of goodwill
    
    
    2,606,944
    
    
    
    Provision for credit losses
    
    
    1,180,680
    
    
    
    334,855Depreciation and amortization
    
    
    160,473
    
    
    
    181,253Increase (decrease) in accrued income taxesChange in current and deferred income taxes
    
    
    (243,482
    )
    
    
    210Mortgage servicing rights valuation adjustmentNet sales of trading account securities
    
    
    818,403
    
    
    
    34,496Originations of loans held for sale
    
    
    (3,907,458
    )
    
    
    (2,379,803
    )Principal payments on and proceeds from loans held for sale
    
    
    3,736,250
    
    
    
    2,526,903Other, net
    
    
    211,230
    
    
    
    (28,801
    )Net cash provided by operating activities
    
    
    1,838,548
    
    
    
    972,596Investing activities(Increase) decrease in interest bearing deposits in banks
    
    
    (294,238
    )
    
    
    5,145Proceeds from:Maturities and calls of investment securities
    
    
    564,433
    
    
    
    319,625Sales of investment securities
    
    
    2,836,072
    
    
    
    546,169Purchases of investment securities
    
    
    (7,099,257
    )
    
    
    (1,315,393
    )Net proceeds from sales of loans
    
    
    949,398
    
    
    
    471,362Net loan and lease activity, excluding sales
    
    
    1,500,544
    
    
    
    (1,803,047
    )Purchases of operating lease assets
    
    
    (119
    )
    
    
    (198,693
    )Proceeds from sale of operating lease assets
    
    
    7,647
    
    
    
    20,383Purchases of premises and equipment
    
    
    (32,672
    )
    
    
    (44,890
    )Proceeds from sales of other real estate
    
    
    39,733
    
    
    
    42,412Other, net
    
    
    4,207
    
    
    
    14,097Net cash used for investing activities
    
    
    (1,524,252
    )
    
    
    (1,942,830
    )Financing activitiesIncrease (decrease) in deposits
    
    
    1,895,145
    
    
    
    (178,316
    )Decrease in short-term borrowings
    
    
    (375,011
    )
    
    
    (846,866
    )Maturity/redemption of subordinated notes
    
    
    (151,942
    )
    
    
    (76,659
    )Proceeds from Federal Home Loan Bank advances
    
    
    206,286
    
    
    
    1,557,114Maturity/redemption of Federal Home Loan Bank advances
    
    
    (1,875,534
    )
    
    
    (1,158,046
    )Proceeds from issuance of long-term debt
    
    
    598,200
    
    
    
    887,111Maturity/redemption of long-term debt
    
    
    (578,072
    )
    
    
    (358,730
    )Dividends paid on preferred stock
    
    
    (82,084
    )
    
    
    (11,151
    )Dividends paid on common stock
    
    
    (49,349
    )
    
    
    (231,976
    )Net proceeds from issuance of preferred stock
    
    
    
    
    
    
    550,134Net proceeds from issuance of common stock
    
    
    1,135,662
    
    
    
    Other, net
    
    
    (157
    )
    
    
    (869
    )Net cash provided by financing activities
    
    
    723,144
    
    
    
    131,746Increase in cash and cash equivalents
    
    
    1,037,440
    
    
    
    (838,488
    )Cash and cash equivalents at beginning of period
    
    
    844,668
    
    
    
    2,009,246Cash and cash equivalents at end of period
    
    $
    1,882,108
    
    
    $
    1,170,758Supplemental disclosures:Income taxes refunded (paid)
    
    $
    112,232
    
    
    $
    (69,538
    )Interest paid
    
    
    686,077
    
    
    
    992,116Non-cash activitiesCommon stock dividends accrued, paid in subsequent quarter
    
    
    5,185
    
    
    
    38,784Preferred stock dividends accrued, paid in subsequent quarter
    
    
    16,635
    
    
    
    12,091
 See notes to unaudited condensed consolidated financial statements.
  102




---



##### 



Notes to Unaudited Condensed Consolidated Financial Statements
 Note 1  Basis of Presentation
     Note 2  Subsequent Events
     103




---



##### 



Note 3 Accounting Standards Update
 FASB Accounting Standards Codification (ASC) Topic 810  Consolidation (Statement No. 160, Noncontrolling Interests in Consolidated Financial Statement s  an amendment of ARB No. 51) (ASC
810) .
 ASC Topic 805  Business Combinations (Statement No. 141 (Revised 2008), Business Combinations) (ASC 805).
 ASC Topic 944  Financial Services  Insurance (Statement No. 163, Accounting for Financial
Guarantee Insurance Contracts  an interpretation of FASB Statement No. 60) (ASC 944).
 ASC Topic 320  Investments  Debt and Equity Securities (FSP FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments) (ASC 320) .
 ASC Topic 820  Fair Value Measurements and Disclosures (Staff Position (FSP) FAS 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have
Significantly Decreased and Identifying Transactions That Are Not Orderly) (ASC 820)
 ASC Topic 825 Financial Instruments (FSP FAS 107-1 and APB 28-1, Interim Disclosures about Fair
Value of Financial Instruments) (ASC 825) .
  104




---



##### 



ASC Topic 855  Subsequent Events (Statement No. 165, Subsequent Events) (ASC 855) .
 ASC Topic 105  Generally Accepted Accounting Principles (Statement No. 168, The FASB Accounting
Standards Codification and the Hierarchy of Generally Accepted Accounting Principles  a
replacement of FASB Statement No. 162) (ASC 105).
 ASC Topic 810  Consolidation (Statement No. 167, Amendments to FASB Interpretation No. 46R) (ASC
810)
 ASC Topic 860  Transfers and Servicing (Statement No. 166, Accounting for Transfers of Financial
Assets  an amendment of FASB Statement No. 140) (ASC 860) . ,
 ASC Topic 715  Compensation  Retirement Benefits (FSP FAS 132R-1, Employers Disclosures about
Postretirement Benefit Plan Assets) (ASC 715).
  105




---



##### 



Note 4  Loans and Leases
 Franklin Credit Management relationship
       (in thousands)
    
    Loans
    
    
    OREO
    
    
    TotalContractually required payments including interest
    
    $
    1,612,695
    
    
    $
    113,732
    
    
    $
    1,726,427Less: nonaccretable difference
    
    
    (1,079,362
    )
    
    
    (34,136
    )
    
    
    (1,113,498
    )Cash flows expected to be collected
    
    
    533,333
    
    
    
    79,596
    
    
    
    612,929Less: accretable yield
    
    
    (39,781
    )
    
    
    
    
    
    
    (39,781
    )Fair value of loans acquired
    
    $
    493,552
    
    
    $
    79,596
    
    
    $
    573,148
  106




---



##### 



(in thousands)
    
    Accretable YieldBalance at December 31, 2008
    
    $
    Impact of Franklin transaction on March 31, 2009
    
    
    39,781Additions
    
    
    Accretion
    
    
    (3,228
    )Reclassification from (to) nonaccretable difference
    
    
    Balance at September 30, 2009
    
    $
    36,553
  September 30, 2009(in thousands)
    
    Carrying Value
    
    
    Outstanding BalanceResidential mortgage
    
    $
    392,516
    
    
    $
    698,466Home equity
    
    
    72,656
    
    
    
    820,648Total
    
    $
    465,172
    
    
    $
    1,519,114
     107




---



##### 



Single Family Home Builders
   Retail properties
   Home Equity and Residential Mortgage Loans (excluding loans in Franklin 2009 Trust)
     108




---



##### 



Note 5  Investment Securities
  September 30, 2009
    
    
    December 31, 2008
    
    
    September 30, 2008Amortized
    
    
    
    
    
    
    Amortized
    
    
    
    
    
    
    Amortized(in thousands of dollars)
    
    Cost
    
    
    Fair Value
    
    
    Cost
    
    
    Fair Value
    
    
    Cost
    
    
    Fair ValueU.S. TreasuryUnder 1 year
    
    $
    251
    
    
    $
    252
    
    
    $
    11,141
    
    
    $
    11,157
    
    
    $
    1,361
    
    
    $
    1,3721-5 years
    
    
    150,731
    
    
    
    150,785
    
    
    
    
    
    
    
    
    
    
    
    253
    
    
    
    2556-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total U.S. Treasury
    
    
    150,982
    
    
    
    151,037
    
    
    
    11,141
    
    
    
    11,157
    
    
    
    1,614
    
    
    
    1,627Federal agenciesMortgage backed securitiesUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    200
    
    
    
    2001-5 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    16,228
    
    
    
    16,4656-10 years
    
    
    544,953
    
    
    
    547,873
    
    
    
    1
    
    
    
    1
    
    
    
    9,359
    
    
    
    9,365Over 10 years
    
    
    2,996,736
    
    
    
    3,046,139
    
    
    
    1,625,655
    
    
    
    1,627,580
    
    
    
    1,668,348
    
    
    
    1,666,049Total mortgage-backed Federal agencies
    
    
    3,541,689
    
    
    
    3,594,012
    
    
    
    1,625,656
    
    
    
    1,627,581
    
    
    
    1,694,135
    
    
    
    1,692,079Temporary Liquidity Guarantee Program
(TLGP) securitiesUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    311,414
    
    
    
    312,621
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total TLGP securities
    
    
    311,414
    
    
    
    312,621
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other agenciesUnder 1 year
    
    
    129,023
    
    
    
    131,613
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    2,380,213
    
    
    
    2,390,314
    
    
    
    579,546
    
    
    
    595,912
    
    
    
    562,446
    
    
    
    559,1536-10 years
    
    
    7,116
    
    
    
    7,343
    
    
    
    7,954
    
    
    
    8,328
    
    
    
    
    
    
    
    Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total other Federal agencies
    
    
    2,516,352
    
    
    
    2,529,270
    
    
    
    587,500
    
    
    
    604,240
    
    
    
    562,446
    
    
    
    559,153Total U.S. government backed securities
    
    
    6,520,437
    
    
    
    6,586,940
    
    
    
    2,224,297
    
    
    
    2,242,978
    
    
    
    2,258,195
    
    
    
    2,252,859Municipal securitiesUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    16
    
    
    
    161-5 years
    
    
    6,050
    
    
    
    6,094
    
    
    
    51,890
    
    
    
    54,184
    
    
    
    24,568
    
    
    
    24,9706-10 years
    
    
    58,317
    
    
    
    62,662
    
    
    
    216,433
    
    
    
    222,086
    
    
    
    227,333
    
    
    
    225,901Over 10 years
    
    
    65,206
    
    
    
    68,838
    
    
    
    441,825
    
    
    
    434,076
    
    
    
    459,412
    
    
    
    440,022Total municipal securities
    
    
    129,573
    
    
    
    137,594
    
    
    
    710,148
    
    
    
    710,346
    
    
    
    711,329
    
    
    
    690,909Private label CMOUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    562,104
    
    
    
    475,285
    
    
    
    674,506
    
    
    
    523,515
    
    
    
    696,558
    
    
    
    611,200Total private label CMO
    
    
    562,104
    
    
    
    475,285
    
    
    
    674,506
    
    
    
    523,515
    
    
    
    696,558
    
    
    
    611,200Asset backed securities (1)Under 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    147,711
    
    
    
    148,040
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6-10 years
    
    
    235,419
    
    
    
    244,549
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    580,062
    
    
    
    423,790
    
    
    
    652,881
    
    
    
    464,027
    
    
    
    774,310
    
    
    
    565,142Total asset backed securities
    
    
    963,192
    
    
    
    816,379
    
    
    
    652,881
    
    
    
    464,027
    
    
    
    774,310
    
    
    
    565,142OtherUnder 1 year
    
    
    2,250
    
    
    
    2,250
    
    
    
    549
    
    
    
    552
    
    
    
    1,699
    
    
    
    1,6941-5 years
    
    
    4,657
    
    
    
    4,790
    
    
    
    6,546
    
    
    
    6,563
    
    
    
    6,348
    
    
    
    6,3156-10 years
    
    
    1,104
    
    
    
    1,186
    
    
    
    798
    
    
    
    811
    
    
    
    798
    
    
    
    785Over 10 years
    
    
    64
    
    
    
    193
    
    
    
    64
    
    
    
    136
    
    
    
    64
    
    
    
    136Non-marketable equity securities
    
    
    427,772
    
    
    
    427,772
    
    
    
    427,973
    
    
    
    427,973
    
    
    
    427,474
    
    
    
    427,474Marketable equity securities
    
    
    51,135
    
    
    
    50,761
    
    
    
    8,061
    
    
    
    7,556
    
    
    
    9,632
    
    
    
    8,550Total other
    
    
    486,982
    
    
    
    486,952
    
    
    
    443,991
    
    
    
    443,591
    
    
    
    446,015
    
    
    
    444,954Total investment securities
    
    $
    8,662,288
    
    
    $
    8,503,150
    
    
    $
    4,705,823
    
    
    $
    4,384,457
    
    
    $
    4,886,407
    
    
    $
    4,565,064
 (1)
    
    Amounts at September 30, 2009 include securities backed by automobile loans with a fair value of $184.8 million which meet the eligibility
requirements for the Term Asset-Backed Securities Loan Facility, or TALF, administered by the Federal Reserve Bank of New York, and
securities with a fair value of $159.8 million backed by student loans with a 97% government guarantee.  109




---



##### 



UnrealizedAmortized
    
    
    Gross
    
    
    Gross
    
    
    Fair(in thousands)
    
    Cost
    
    
    Gains
    
    
    Losses
    
    
    ValueSeptember 30, 2009U.S. Treasury
    
    $
    150,982
    
    
    $
    55
    
    
    $
    
    
    
    $
    151,037Federal AgenciesMortgage-backed securities
    
    
    3,541,689
    
    
    
    55,894
    
    
    
    (3,571
    )
    
    
    3,594,012TLGP securities
    
    
    311,414
    
    
    
    1,207
    
    
    
    
    
    
    
    312,621Other agencies
    
    
    2,516,352
    
    
    
    13,195
    
    
    
    (277
    )
    
    
    2,529,270Total U.S. Government
backed securities
    
    
    6,520,437
    
    
    
    70,351
    
    
    
    (3,848
    )
    
    
    6,586,940Municipal securities
    
    
    129,573
    
    
    
    8,036
    
    
    
    (15
    )
    
    
    137,594Private label CMO
    
    
    562,104
    
    
    
    
    
    
    
    (86,819
    )
    
    
    475,285Asset backed securities
    
    
    963,192
    
    
    
    15,278
    
    
    
    (162,091
    )
    
    
    816,379Other securities
    
    
    486,982
    
    
    
    345
    
    
    
    (375
    )
    
    
    486,952Total investment securities
    
    $
    8,662,288
    
    
    $
    94,010
    
    
    $
    (253,148
    )
    
    $
    8,503,150
 UnrealizedAmortized
    
    
    Gross
    
    
    Gross
    
    
    Fair(in thousands)
    
    Cost
    
    
    Gains
    
    
    Losses
    
    
    ValueDecember 31, 2008U.S. Treasury
    
    $
    11,141
    
    
    $
    16
    
    
    $
    
    
    
    $
    11,157Federal AgenciesMortgage-backed securities
    
    
    1,625,656
    
    
    
    18,822
    
    
    
    (16,897
    )
    
    
    1,627,581TLGP securities
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other agencies
    
    
    587,500
    
    
    
    16,748
    
    
    
    (8
    )
    
    
    604,240Total U.S. Government
backed securities
    
    
    2,224,297
    
    
    
    35,586
    
    
    
    (16,905
    )
    
    
    2,242,978Municipal securities
    
    
    710,148
    
    
    
    13,897
    
    
    
    (13,699
    )
    
    
    710,346Private label CMO
    
    
    674,506
    
    
    
    
    
    
    
    (150,991
    )
    
    
    523,515Asset backed securities
    
    
    652,881
    
    
    
    
    
    
    
    (188,854
    )
    
    
    464,027Other securities
    
    
    443,991
    
    
    
    114
    
    
    
    (514
    )
    
    
    443,591Total investment securities
    
    $
    4,705,823
    
    
    $
    49,597
    
    
    $
    (370,963
    )
    
    $
    4,384,457
  110




---



##### 



Less than 12 Months
    
    
    Over 12 Months
    
    
    TotalFair
    
    
    Unrealized
    
    
    Fair
    
    
    Unrealized
    
    
    Fair
    
    
    Unrealized(in thousands )
    
    Value
    
    
    Losses
    
    
    Value
    
    
    Losses
    
    
    Value
    
    
    LossesSeptember 30, 2009U.S. Treasury
    
    $
    50,738
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    50,738
    
    
    $
    Federal agenciesMortgage-backed securities
    
    
    496,255
    
    
    
    (3,571
    )
    
    
    
    
    
    
    
    
    
    
    496,255
    
    
    
    (3,571
    )TLGP securities
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other agencies
    
    
    274,587
    
    
    
    (260
    )
    
    
    3,124
    
    
    
    (17
    )
    
    
    277,711
    
    
    
    (277
    )Total U.S. Government
backed securities
    
    
    821,580
    
    
    
    (3,831
    )
    
    
    3,124
    
    
    
    (17
    )
    
    
    824,704
    
    
    
    (3,848
    )Municipal securities
    
    
    
    
    
    
    
    
    
    
    3,805
    
    
    
    (15
    )
    
    
    3,805
    
    
    
    (15
    )Private label CMO
    
    
    16,922
    
    
    
    (2,514
    )
    
    
    458,363
    
    
    
    (84,305
    )
    
    
    475,285
    
    
    
    (86,819
    )Asset backed securities
    
    
    158,909
    
    
    
    (1,697
    )
    
    
    207,678
    
    
    
    (160,394
    )
    
    
    366,587
    
    
    
    (162,091
    )Other securities
    
    
    38,671
    
    
    
    (156
    )
    
    
    431
    
    
    
    (219
    )
    
    
    39,102
    
    
    
    (375
    )Total temporarily impaired
securities
    
    $
    1,036,082
    
    
    $
    (8,198
    )
    
    $
    673,401
    
    
    $
    (244,950
    )
    
    $
    1,709,483
    
    
    $
    (253,148
    )
 Less than 12 Months
    
    
    Over 12 Months
    
    
    TotalFair
    
    
    Unrealized
    
    
    Fair
    
    
    Unrealized
    
    
    Fair
    
    
    Unrealized(in thousands )
    
    Value
    
    
    Losses
    
    
    Value
    
    
    Losses
    
    
    Value
    
    
    LossesDecember 31, 2008U.S. Treasury
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Federal agenciesMortgage-backed securities
    
    
    417,988
    
    
    
    (16,897
    )
    
    
    
    
    
    
    
    
    
    
    417,988
    
    
    
    (16,897
    )TLGP securities
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other agencies
    
    
    
    
    
    
    
    
    
    
    2,028
    
    
    
    (8
    )
    
    
    2,028
    
    
    
    (8
    )Total U.S. Government
backed securities
    
    
    417,988
    
    
    
    (16,897
    )
    
    
    2,028
    
    
    
    (8
    )
    
    
    420,016
    
    
    
    (16,905
    )Municipal securities
    
    
    276,990
    
    
    
    (6,951
    )
    
    
    40,913
    
    
    
    (6,748
    )
    
    
    317,903
    
    
    
    (13,699
    )Private label CMO
    
    
    449,494
    
    
    
    (130,914
    )
    
    
    57,024
    
    
    
    (20,077
    )
    
    
    506,518
    
    
    
    (150,991
    )Asset backed securities
    
    
    61,304
    
    
    
    (24,220
    )
    
    
    164,074
    
    
    
    (164,634
    )
    
    
    225,378
    
    
    
    (188,854
    )Other securities
    
    
    1,132
    
    
    
    (323
    )
    
    
    1,149
    
    
    
    (191
    )
    
    
    2,281
    
    
    
    (514
    )Total temporarily impaired
securities
    
    $
    1,206,908
    
    
    $
    (179,305
    )
    
    $
    265,188
    
    
    $
    (191,658
    )
    
    $
    1,472,096
    
    
    $
    (370,963
    )
   Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Gross gains on sales of securities
    
    $
    16,504
    
    
    $
    2,764
    
    
    $
    45,011
    
    
    $
    9,365Gross (losses) on sales of securities
    
    
    (296
    )
    
    
    (1
    )
    
    
    (10,552
    )
    
    
    (4
    )Net gain (loss) on sales of securities
    
    
    16,208
    
    
    
    2,763
    
    
    
    34,459
    
    
    
    9,361Net other-than-temporary impairment recorded
    
    
    (18,582
    )
    
    
    (76,553
    )
    
    
    (42,106
    )
    
    
    (79,649
    )Total securities gain (loss)
    
    $
    (2,374
    )
    
    $
    (73,790
    )
    
    $
    (7,647
    )
    
    $
    (70,288
    )
  111




---



##### 



Alt-A mortgage-backed and private-label collateralized mortgage obligation (CMO)
securities
 Pooled-trust-preferred securities .
  Three Months Ended September 30, 2009Alt-A
    
    
    Pooled
    
    
    Private(in thousands)
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    TotalTotal OTTI losses (unrealized and
realized)
    
    $
    (8,345
    )
    
    $
    (38,551
    )
    
    $
    (6,411
    )
    
    $
    (53,307
    )Unrealized OTTI recognized in OCI
    
    
    6,062
    
    
    
    23,986
    
    
    
    4,677
    
    
    
    34,725Net impairment losses recognized in
earnings
    
    $
    (2,283
    )
    
    $
    (14,565
    )
    
    $
    (1,734
    )
    
    $
    (18,582
    )
 Nine Months Ended September 30, 2009Alt-A
    
    
    Pooled
    
    
    Private(in thousands)
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    TotalTotal OTTI losses (unrealized and
realized)
    
    $
    (14,325
    )
    
    $
    (107,206
    )
    
    $
    (19,890
    )
    
    $
    (141,421
    )Unrealized OTTI recognized in OCI
    
    
    6,161
    
    
    
    80,187
    
    
    
    16,905
    
    
    
    103,253Net impairment losses recognized in
earnings
    
    $
    (8,164
    )
    
    $
    (27,019
    )
    
    $
    (2,985
    )
    
    $
    (38,168
    )
  112




---



##### 



Three Months Ended September 30, 2009Alt-A
    
    
    Pooled
    
    
    Private(in thousands)
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    TotalBalance, beginning of period
    
    $
    99
    
    
    $
    56,201
    
    
    $
    12,228
    
    
    $
    68,528Credit losses not previous recognized
    
    
    6,160
    
    
    
    28,212
    
    
    
    5,245
    
    
    
    39,617Change in expected cash flows
    
    
    (99
    )
    
    
    (4,226
    )
    
    
    (567
    )
    
    
    (4,892
    )Balance, end of period
    
    $
    6,160
    
    
    $
    80,187
    
    
    $
    16,906
    
    
    $
    103,253
 Nine Months Ended September 30, 2009Alt-A
    
    
    Pooled
    
    
    Private(in thousands)
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    TotalBalance, beginning of period
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Credit losses not previous recognized
    
    
    6,259
    
    
    
    84,413
    
    
    
    17,473
    
    
    
    108,145Change in expected cash flows
    
    
    (99
    )
    
    
    (4,226
    )
    
    
    (567
    )
    
    
    (4,892
    )Balance, end of period
    
    $
    6,160
    
    
    $
    80,187
    
    
    $
    16,906
    
    
    $
    103,253
  Three Months Ended
    
    
    Nine Months Ended(in thousands)
    
    September 30, 2009Balance, beginning of period
    
    $
    19,611
    
    
    $
    Credit component of OTTI not
reclassified to OCI in
conjunction with the
cumulative effect transition
adjustment
    
    
    
    
    
    
    25Additions for the credit
component on debt securities
in which OTTI was not
previously recognized
    
    
    18,582
    
    
    
    38,168Balance, end of period
    
    $
    38,193
    
    
    $
    38,193
  Note 6  Loan Sales and Securitizations
 Residential Mortgage Loans
    113




---



##### 



MSRs recorded using the fair value methodThree Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Fair value, beginning of period
    
    $
    196,932
    
    
    $
    240,024
    
    
    $
    167,438
    
    
    $
    207,894New servicing assets created
    
    
    
    
    
    
    6,859
    
    
    
    23,074
    
    
    
    31,989Change in fair value during the period due to:Time decay (1)
    
    
    (1,836
    )
    
    
    (2,232
    )
    
    
    (5,164
    )
    
    
    (5,833
    )Payoffs (2)
    
    
    (7,295
    )
    
    
    (4,002
    )
    
    
    (30,603
    )
    
    
    (14,339
    )Changes in valuation inputs or assumptions (3)
    
    
    (17,348
    )
    
    
    (10,251
    )
    
    
    18,814
    
    
    
    10,687Other changes
    
    
    
    
    
    
    
    
    
    
    (3,106
    )
    
    
    Fair value, end of period
    
    $
    170,453
    
    
    $
    230,398
    
    
    $
    170,453
    
    
    $
    230,398
 (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. MSRs recorded using the amortization methodThree Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Carrying value, beginning of period
    
    $
    22,350
    
    
    $
    
    
    
    $
    
    
    
    $
    New servicing assets created
    
    
    9,086
    
    
    
    
    
    
    
    31,530
    
    
    
    Amortization
    
    
    (919
    )
    
    
    
    
    
    
    (1,013
    )
    
    
    Carrying value, end of period
    
    $
    30,517
    
    
    $
    
    
    
    $
    30,517
    
    
    $
    
   Decline in fair valuedue to10%
    
    
    20%adverse
    
    
    adverse(in thousands)
    
    Actual
    
    
    change
    
    
    changeConstant pre-payment rate
    
    
    12.37
    %
    
    $
    (9,895
    )
    
    $
    (17,489
    )Spread over forward interest rate swap rates
    
    446
    bps
    
    (3,235
    )
    
    
    (6,469
    )
  114




---



##### 



Automobile Loans and Leases
    Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Carrying value, beginning of period
    
    $
    17,423
    
    
    $
    2,644
    
    
    $
    1,656
    
    
    $
    4,099New servicing assets
    
    
    
    
    
    
    
    
    
    
    19,538
    
    
    
    Amortization and other
    
    
    (2,391
    )
    
    
    (606
    )
    
    
    (6,162
    )
    
    
    (2,061
    )Carrying value, end of period
    
    $
    15,032
    
    
    $
    2,038
    
    
    $
    15,032
    
    
    $
    2,038Fair value, end of period
    
    $
    16,472
    
    
    $
    2,725
    
    
    $
    16,472
    
    
    $
    2,725
  Note 7  Goodwill and Other Intangible Assets
   115




---



##### 



Retail &Regional
    
    
    Business
    
    
    Commercial
    
    
    Commercial
    
    
    
    
    
    
    Treasury/
    
    
    Huntington(in thousands)
    
    Banking
    
    
    Banking
    
    
    Banking
    
    
    Real Estate
    
    
    PFG
    
    
    Other
    
    
    ConsolidatedBalance, January 1, 2009
    
    $
    2,888,344
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    153,178
    
    
    $
    13,463
    
    
    $
    3,054,985Impairment, March 31,
2009
    
    
    (2,573,818
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (28,895
    )
    
    
    
    
    
    
    (2,602,713
    )Reallocation of goodwill
    
    
    (314,526
    )
    
    
    309,518
    
    
    
    5,008
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Balance, April 1, 2009
    
    
    
    
    
    
    309,518
    
    
    
    5,008
    
    
    
    
    
    
    
    124,283
    
    
    
    13,463
    
    
    
    452,272Impairment
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (4,231
    )
    
    
    (4,231
    )Other adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (4,393
    )
    
    
    (4,393
    )Balance, September 30, 2009
    
    $
    
    
    
    $
    309,518
    
    
    $
    5,008
    
    
    $
    
    
    
    $
    124,283
    
    
    $
    4,839
    
    
    $
    443,648
    Gross
    
    
    Accumulated
    
    
    Net(in thousands)
    
    Carrying Amount
    
    
    Amortization
    
    
    Carrying ValueSeptember 30, 2009Core deposit intangible
    
    $
    373,300
    
    
    $
    (154,158
    )
    
    $
    219,142Customer relationship
    
    
    104,574
    
    
    
    (23,710
    )
    
    
    80,864Other
    
    
    25,164
    
    
    
    (22,558
    )
    
    
    2,606Total other intangible assets
    
    $
    503,038
    
    
    $
    (200,426
    )
    
    $
    302,612December 31, 2008Core deposit intangible
    
    $
    373,300
    
    
    $
    (111,163
    )
    
    $
    262,137Customer relationship
    
    
    104,574
    
    
    
    (16,776
    )
    
    
    87,798Other
    
    
    29,327
    
    
    
    (22,559
    )
    
    
    6,768Total other intangible assets
    
    $
    507,201
    
    
    $
    (150,498
    )
    
    $
    356,703September 30, 2008Core deposit intangible
    
    $
    373,300
    
    
    $
    (94,887
    )
    
    $
    278,413Customer relationship
    
    
    104,574
    
    
    
    (14,361
    )
    
    
    90,213Other
    
    
    29,327
    
    
    
    (22,039
    )
    
    
    7,288Total other intangible assets
    
    $
    507,201
    
    
    $
    (131,287
    )
    
    $
    375,914
  Amortization(in thousands)
    
    Expense2009
    
    $
    16,8872010
    
    
    59,8262011
    
    
    52,7782012
    
    
    45,6302013
    
    
    40,0902014
    
    
    35,472
  116




---



##### 



Note 8  Other Long-term Debt and Subordinated Notes
  Other long-term
    
    
    Subordinateddebt
    
    
    notesBalance, January 1, 2009
    
    $
    2,331,632
    
    
    $
    1,950,097Issuances
    
    
    600,000
    
    
    
    Redemptions/maturities
    
    
    (578,072)
    (1)
    
    
    (223,315)
    (2)Amortization of issued discount
    
    
    
    
    
    
    (28
    )Fair value changes related to hedging
    
    
    (2,961
    )
    
    
    (52,700
    )Franklin liability
    
    
    82,309
    (3)
    
    
    Other
    
    
    1,950
    
    
    
    Balance, September 30, 2009
    
    $
    2,434,858
    
    
    $
    1,674,054Balance, January 1, 2008
    
    $
    1,937,078
    
    
    $
    1,934,276Issuances
    
    
    887,111
    (4)
    
    
    Redemptions
    
    
    (358,730
    )
    
    
    (98,470
    )Amortization of issued discount
    
    
    
    
    
    
    (961
    )Fair value changes related to hedging
    
    
    6,402
    
    
    
    29,883Other
    
    
    25,141
    
    
    
    Balance, September 30, 2008
    
    $
    2,497,002
    
    
    $
    1,864,728
 (1)
    
    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
obligations maturing in 2009.(2)
    
    During the second quarter of 2009, Huntington redeemed $166.3 million junior
subordinated notes associated with outstanding trust preferred securities, for an aggregate of
$96.2 million, resulting in a net pre-tax gain of $67.4 million. This was reflected as a debt
extinguishment in the condensed consolidated financial statements.(3)
    
    The Franklin liability was a result of the consolidation of Franklin 2009 Trust on
March 31, 2009. See Note 4 for more information regarding the Franklin relationship.(4)
    
    During the second quarter of 2008, Huntington transferred $994.0 million automobile
loans to a trust in a securitization transaction. This resulted in a trust securitization
trust note payable of $887.1 million.   117




---



##### 



Note 9  Other Comprehensive Income
  Three Months Ended September 30,2009
    
    
    2008Tax (expense)
    
    
    
    
    
    
    
    
    
    
    Tax (expense)(in thousands)
    
    Pretax
    
    
    Benefit
    
    
    After-tax
    
    
    Pretax
    
    
    Benefit
    
    
    After-taxCumulative effect of change in accounting principle
for other-than-temporarily impaired debt securities
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Non-credit-related impairment losses on debt securities not
expected to be sold
    
    
    (34,725
    )
    
    
    12,154
    
    
    
    (22,571
    )
    
    
    
    
    
    
    
    
    
    
    Unrealized holding (losses) gains on debt securities available
for sale arising during the period
    
    
    69,689
    
    
    
    (24,758
    )
    
    
    44,931
    
    
    
    (171,077
    )
    
    
    60,170
    
    
    
    (110,907
    )Less: Reclassification adjustment for net losses (gains) losses
included in net income
    
    
    2,374
    
    
    
    (830
    )
    
    
    1,544
    
    
    
    73,790
    
    
    
    (25,827
    )
    
    
    47,963Net change in unrealized holding (losses) gains on debt
securities avalable for sale
    
    
    37,338
    
    
    
    (13,434
    )
    
    
    23,904
    
    
    
    (97,287
    )
    
    
    34,343
    
    
    
    (62,944
    )Unrealized holding (losses) gains on equity securities available
for sale arising during the period
    
    
    323
    
    
    
    (113
    )
    
    
    210
    
    
    
    2,209
    
    
    
    (774
    )
    
    
    1,435Less: Reclassification adjustment for net losses (gains) losses
included in net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net change in unrealized holding (losses) gains on equity
securities avalable for sale
    
    
    323
    
    
    
    (113
    )
    
    
    210
    
    
    
    2,209
    
    
    
    (774
    )
    
    
    1,435Unrealized gains and losses on derivatives used in cash flow
hedging relationships arising during the period
    
    
    55,527
    
    
    
    (19,435
    )
    
    
    36,092
    
    
    
    57,068
    
    
    
    (19,974
    )
    
    
    37,094Cumulative effect of changing measurement date provisions
for pension and post-retirement assets and obligations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Change in pension and post-retirement benefit plan adjustments
    
    
    2,272
    
    
    
    (795
    )
    
    
    1,477
    
    
    
    1,322
    
    
    
    (462
    )
    
    
    860Total other comprehensive income (loss)
    
    $
    95,460
    
    
    $
    (33,777
    )
    
    $
    61,683
    
    
    $
    (36,688
    )
    
    $
    13,133
    
    
    $
    (23,555
    )
 Nine Months Ended September 30,2009
    
    
    2008Tax (expense)
    
    
    
    
    
    
    
    
    
    
    Tax (expense)(in thousands)
    
    Pretax
    
    
    Benefit
    
    
    After-tax
    
    
    Pretax
    
    
    Benefit
    
    
    After-taxCumulative effect of change in accounting principle
for other-than-temporarily impaired debt securities
    
    $
    (5,448
    )
    
    $
    1,907
    
    
    $
    (3,541
    )
    
    $
    
    
    
    $
    
    
    
    $
    Non-credit-related impairment losses on debt securities not
expected to be sold
    
    
    (103,253
    )
    
    
    36,139
    
    
    
    (67,114
    )
    
    
    
    
    
    
    
    
    
    
    Unrealized holding (losses) gains on debt securities available
for sale arising during the period
    
    
    263,094
    
    
    
    (92,787
    )
    
    
    170,307
    
    
    
    (375,074
    )
    
    
    132,276
    
    
    
    (242,798
    )Less: Reclassification adjustment for net losses (gains) losses
included in net income
    
    
    7,647
    
    
    
    (2,676
    )
    
    
    4,971
    
    
    
    70,288
    
    
    
    (24,601
    )
    
    
    45,687Net change in unrealized holding (losses) gains on debt
securities avalable for sale
    
    
    167,488
    
    
    
    (59,324
    )
    
    
    108,164
    
    
    
    (304,786
    )
    
    
    107,675
    
    
    
    (197,111
    )Unrealized holding (losses) gains on equity securities available
for sale arising during the period
    
    
    188
    
    
    
    (65
    )
    
    
    123
    
    
    
    (1,067
    )
    
    
    373
    
    
    
    (694
    )Less: Reclassification adjustment for net losses (gains) losses
included in net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net change in unrealized holding (losses) gains on equity
securities avalable for sale
    
    
    188
    
    
    
    (65
    )
    
    
    123
    
    
    
    (1,067
    )
    
    
    373
    
    
    
    (694
    )Unrealized gains and losses on derivatives used in cash flow
hedging relationships arising during the period
    
    
    8,728
    
    
    
    (3,055
    )
    
    
    5,673
    
    
    
    (27,697
    )
    
    
    9,694
    
    
    
    (18,003
    )Cumulative effect of changing measurement date provisions
for pension and post-retirement assets and obligations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (5,898
    )
    
    
    2,064
    
    
    
    (3,834
    )Change in pension and post-retirement benefit plan adjustments
    
    
    6,819
    
    
    
    (2,387
    )
    
    
    4,432
    
    
    
    3,963
    
    
    
    (1,387
    )
    
    
    2,576Total other comprehensive income (loss)
    
    $
    177,775
    
    
    $
    (62,924
    )
    
    $
    114,851
    
    
    $
    (335,485
    )
    
    $
    118,419
    
    
    $
    (217,066
    )
  118




---



##### 



Unrealizedgainsand losses
    
    
    AmortizationUnrealized gains and
    
    
    Unrealized gains
    
    
    on cash flow
    
    
    included inlosses on debt
    
    
    and losses on
    
    
    hedging
    
    
    net periodic(in thousands)
    
    securities
    
    
    equity
    
    
    derivatives
    
    
    benefit costs
    
    
    TotalBalance, December 31, 2007
    
    $
    (10,001
    )
    
    $
    (10
    )
    
    $
    4,553
    
    
    $
    (44,153
    )
    
    $
    (49,611
    )Cumulative effect of change in
measurement
date provisions for
pension and
post-retirement assets
and obligations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,834
    )
    
    
    (3,834
    )Period change
    
    
    (197,111
    )
    
    
    (694
    )
    
    
    (18,003
    )
    
    
    2,576
    
    
    
    (213,232
    )Balance, September 30, 2008
    
    $
    (207,112
    )
    
    $
    (704
    )
    
    $
    (13,450
    )
    
    $
    (45,411
    )
    
    $
    (266,677
    )Balance, December 31, 2008
    
    $
    (207,427
    )
    
    $
    (329
    )
    
    $
    44,638
    
    
    $
    (163,575
    )
    
    $
    (326,693
    )Cumulative effect of change
in accounting
principle for
other-than-temporarily
impaired debt securities
    
    
    (3,541
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,541
    )Period change
    
    
    108,164
    
    
    
    123
    
    
    
    5,673
    
    
    
    4,432
    
    
    
    118,392Balance, September 30, 2009
    
    $
    (102,804
    )
    
    $
    (206
    )
    
    $
    50,311
    
    
    $
    (159,143
    )
    
    $
    (211,842
    )
 Note 10  Shareholders Equity
 Issuance of Common Stock
    Conversion of Convertible Preferred Stock
   119




---



##### 



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
  Troubled Asset Relief Program (TARP)
     120




---



##### 



Note 11  (Loss) Earnings per Share
  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands, except per share amounts)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Basic (loss) earnings per common shareNet (loss) income
    
    $
    (166,190
    )
    
    $
    75,063
    
    
    $
    (2,724,492
    )
    
    $
    303,483Preferred Class B and Class A stock dividends
    
    
    (25,179
    )
    
    
    (12,091
    )
    
    
    (77,501
    )
    
    $
    (23,242
    )Amortization of discount on issuance of Preferred Class B stock
    
    
    (4,044
    )
    
    
    
    
    
    
    (11,931
    )Deemed dividend on conversion of Preferred Class A stock
    
    
    
    
    
    
    
    
    
    
    (56,035
    )Net (loss) income available to common shareholders
    
    $
    (195,413
    )
    
    $
    62,972
    
    
    $
    (2,869,959
    )
    
    $
    280,241Average common shares issued and outstanding
    
    
    589,708
    
    
    
    366,124
    
    
    
    471,958
    
    
    
    366,188Basic (loss) earnings per common share
    
    $
    (0.33
    )
    
    $
    0.17
    
    
    $
    (6.08
    )
    
    $
    0.77Diluted (loss) earnings per common shareNet (loss) income available to common shareholders
    
    $
    (195,413
    )
    
    $
    62,972
    
    
    $
    (2,869,959
    )
    
    $
    280,241Effect of assumed preferred stock conversion
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net (loss) income applicable to diluted earnings per share
    
    $
    (195,413
    )
    
    $
    62,972
    
    
    $
    (2,869,959
    )
    
    $
    280,241Average common shares issued and outstanding
    
    
    589,708
    
    
    
    366,124
    
    
    
    471,958
    
    
    
    366,188Dilutive potential common shares:Stock options and restricted stock units
    
    
    
    
    
    
    354
    
    
    
    
    
    
    
    260Shares held in deferred compensation plans
    
    
    
    
    
    
    883
    
    
    
    
    
    
    
    820Conversion of preferred stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Dilutive potential common shares:
    
    
    
    
    
    
    1,237
    
    
    
    
    
    
    
    1,080Total diluted average common shares issued and outstanding
    
    
    589,708
    
    
    
    367,361
    
    
    
    471,958
    
    
    
    367,268Diluted (loss) earnings per common share
    
    $
    (0.33
    )
    
    $
    0.17
    
    
    $
    (6.08
    )
    
    $
    0.76
   121




---



##### 



Note 12  Share-based Compensation
   Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008AssumptionsRisk-free interest rate
    
    
    3.06
    %
    
    
    3.41
    %
    
    
    2.71
    %
    
    
    3.41
    %Expected dividend yield
    
    
    1.01
    
    
    
    5.26
    
    
    
    0.95
    
    
    
    5.28Expected volatility of Huntingtons common stock
    
    
    60.0
    
    
    
    35.0
    
    
    
    51.4
    
    
    
    34.8Expected option term (years)
    
    
    6.0
    
    
    
    6.0
    
    
    
    6.0
    
    
    
    6.0Weighted-average grant date fair value per share
    
    $
    2.09
    
    
    $
    1.54
    
    
    $
    1.94
    
    
    $
    1.54
  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Share-based compensation expense
    
    $
    2,488
    
    
    $
    3,350
    
    
    $
    5,128
    
    
    $
    10,544Tax benefit
    
    
    871
    
    
    
    1,173
    
    
    
    1,795
    
    
    
    3,690
   122




---



##### 



Weighted-Weighted-
    
    
    AverageAverage
    
    
    Remaining
    
    
    AggregateExercise
    
    
    Contractual
    
    
    Intrinsic(in thousands, except per share amounts)
    
    Options
    
    
    Price
    
    
    Life (Years)
    
    
    ValueOutstanding at January 1, 2009
    
    
    26,289
    
    
    $
    19.45Granted
    
    
    2,968
    
    
    
    4.26Exercised
    
    
    
    
    
    
    Forfeited/expired
    
    
    (5,067
    )
    
    
    20.97Outstanding at September 30, 2009
    
    
    24,190
    
    
    $
    17.26
    
    
    
    3.6
    
    
    $
    1,572Exercisable at September 30, 2009
    
    
    19,769
    
    
    $
    19.64
    
    
    
    3.0
    
    
    $
    
    Weighted-
    
    
    
    
    
    
    Weighted-Average
    
    
    
    
    
    
    AverageRestricted
    
    
    Grant Date
    
    
    Restricted
    
    
    Grant DateStock
    
    
    Fair Value
    
    
    Stock
    
    
    Fair Value(in thousands, except per share amounts)
    
    Units
    
    
    Per Share
    
    
    Awards
    
    
    Per ShareNonvested at January 1, 2009
    
    
    1,823
    
    
    $
    14.64
    
    
    
    
    
    
    $
    Granted
    
    
    969
    
    
    
    3.82
    
    
    
    140
    
    
    
    2.58Vested
    
    
    (388
    )
    
    
    21.76
    
    
    
    (74
    )
    
    
    1.66Forfeited
    
    
    (211
    )
    
    
    14.44
    
    
    
    
    
    
    
    Nonvested at September 30, 2009
    
    
    2,193
    
    
    $
    8.62
    
    
    
    66
    
    
    $
    3.61
    123




---



##### 



Note 13  Fair Values of Assets and Liabilities
    Level 1
 Level 2
 Level 3
   Securities
  Mortgage loans held for sale
  Mortgage servicing rights
  Equity Investments
   124




---



##### 



Derivatives
  Assets and Liabilities measured at fair value on a recurring basis
  Fair Value Measurements at Reporting Date Using
    
    
    Netting
    
    
    Balance at(in thousands)
    
    Level 1
    
    
    Level 2
    
    
    Level 3
    
    
    Adjustments(1)
    
    
    September 30, 2009AssetsTrading account securities
    
    $
    64,738
    
    
    $
    56,628
    
    
    
    
    
    
    
    
    
    
    $
    121,366Investment securities
    
    
    3,015,587
    
    
    
    4,112,699
    
    
    $
    947,092
    
    
    
    
    
    
    
    8,075,378Mortgage loans held for sale
    
    
    
    
    
    
    491,564
    
    
    
    
    
    
    
    
    
    
    
    520,056Mortgage servicing rights
    
    
    
    
    
    
    
    
    
    
    170,453
    
    
    
    
    
    
    
    170,453Derivative assets
    
    
    41
    
    
    
    497,525
    
    
    
    5,740
    
    
    $
    (136,256
    )
    
    
    367,050Equity investments
    
    
    
    
    
    
    
    
    
    
    24,706
    
    
    
    
    
    
    
    24,706LiabilitiesDerivative liabilities
    
    
    10,083
    
    
    
    264,319
    
    
    
    4,041
    
    
    
    (39,710
    )
    
    
    238,733Fair Value Measurements at Reporting Date Using
    
    
    Netting
    
    
    Balance at(in thousands)
    
    Level 1
    
    
    Level 2
    
    
    Level 3
    
    
    Adjustments(1)
    
    
    September 30, 2008AssetsTrading account securities
    
    $
    46,755
    
    
    $
    951,494
    
    
    
    
    
    
    
    
    
    
    $
    998,249Investment securities
    
    
    572,259
    
    
    
    2,388,989
    
    
    $
    1,176,342
    
    
    
    
    
    
    
    4,137,590Mortgage loans held for sale
    
    
    
    
    
    
    273,249
    
    
    
    
    
    
    
    
    
    
    
    273,249Mortgage servicing rights
    
    
    
    
    
    
    
    
    
    
    230,398
    
    
    
    
    
    
    
    230,398Derivative assets
    
    
    1,177
    
    
    
    198,490
    
    
    
    2,729
    
    
    $
    (22,404
    )
    
    
    179,992Equity investments
    
    
    
    
    
    
    
    
    
    
    40,032
    
    
    
    
    
    
    
    40,032LiabilitiesDerivative liabilities
    
    
    4,817
    
    
    
    91,811
    
    
    
    423
    
    
    
    (47,639
    )
    
    
    49,412
 (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.   125




---



##### 



Level 3 Fair Value MeasurementsThree months ended September 30, 2009Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsBalance, June 30, 2009
    
    $
    196,932
    
    
    $
    (4,537
    )
    
    $
    274,065
    
    
    $
    128,864
    
    
    $
    510,503
    
    
    $
    183,361
    
    
    $
    28,462Total gains/losses:Included in earnings
    
    
    (26,479
    )
    
    
    3,207
    
    
    
    1,951
    
    
    
    (14,544
    )
    
    
    (1,121
    )
    
    
    (2,205
    )
    
    
    (156
    )Included in OCI
    
    
    
    
    
    
    
    
    
    
    (8,001
    )
    
    
    3,849
    
    
    
    5,777
    
    
    
    6,727
    
    
    
    Purchases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Sales
    
    
    
    
    
    
    
    
    
    
    (97,935
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Repayments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Issuances
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Settlements
    
    
    
    
    
    
    3,029
    
    
    
    (4,299
    )
    
    
    (26
    )
    
    
    (39,874
    )
    
    
    
    
    
    
    (3,600
    )Balance, September 30,
2009
    
    $
    170,453
    
    
    $
    1,699
    
    
    $
    165,781
    
    
    $
    118,143
    
    
    $
    475,285
    
    
    $
    187,883
    
    
    $
    24,706The 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
    
    $
    (26,479
    )
    
    $
    3,028
    
    
    $
    (6,050
    )
    
    $
    (10,695
    )
    
    $
    4,656
    
    
    $
    4,522
    
    
    $
    (156
    )
 Level 3 Fair Value MeasurementsThree months ended September 30, 2008Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    

Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsBalance, June 30, 2008
    
    $
    240,024
    
    
    $
    2,005
    
    
    $
    458,437
    
    
    $
    212,745
    
    
    $
    
    
    
    $
    2,557
    
    
    $
    32,200Total gains/losses:Included in earnings
    
    
    (9,207
    )
    
    
    357
    
    
    
    (17,690
    )
    
    
    (58,638
    )
    
    
    536
    
    
    
    (129
    )
    
    
    5,915Included in OCI
    
    
    
    
    
    
    
    
    
    
    (49,819
    )
    
    
    15,929
    
    
    
    (47,158
    )
    
    
    Purchases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,917Sales
    
    
    (419
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Repayments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Issuances
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Settlements
    
    
    
    
    
    
    (56
    )
    
    
    (5,621
    )
    
    
    (521
    )
    
    
    (20,377
    )
    
    
    (31
    )
    
    
    Transfers in/out of
Level 3
    
    
    
    
    
    
    
    
    
    
    7,923
    
    
    
    
    
    
    
    678,199
    
    
    
    Balance, September 30,
2008
    
    $
    230,398
    
    
    $
    2,306
    
    
    $
    393,230
    
    
    $
    169,515
    
    
    $
    611,200
    
    
    $
    2,397
    
    
    $
    40,032The 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
    
    $
    (9,207
    )
    
    $
    301
    
    
    $
    (67,509
    )
    
    $
    (42,709
    )
    
    $
    (46,622
    )
    
    $
    (129
    )
    
    $
    5,915
  126




---



##### 



Level 3 Fair Value MeasurementsNine months ended September 30, 2009Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsBalance, December 31,
2008
    
    $
    167,438
    
    
    $
    1,032
    
    
    $
    322,421
    
    
    $
    141,606
    
    
    $
    523,515
    
    
    $
    
    
    
    $
    36,893Total gains/losses:Included in earnings
    
    
    3,733
    
    
    
    (668
    )
    
    
    3,943
    
    
    
    (29,361
    )
    
    
    (1,019
    )
    
    
    (908
    )
    
    
    (87
    )Included in OCI
    
    
    
    
    
    
    
    
    
    
    26,141
    
    
    
    7,459
    
    
    
    64,173
    
    
    
    9,052
    
    
    
    Purchases
    
    
    2,388
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,448
    
    
    
    211,296
    
    
    
    1,017Sales
    
    
    
    
    
    
    
    
    
    
    (170,027
    )
    
    
    
    
    
    
    
    
    
    
    (78,676
    )
    
    
    Repayments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Issuances
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    47,119
    
    
    
    Settlements
    
    
    (3,106
    )
    
    
    1,335
    
    
    
    (16,697
    )
    
    
    (1,561
    )
    
    
    (116,832
    )
    
    
    
    
    
    
    (13,117
    )Balance, September 30,
2009
    
    $
    170,453
    
    
    $
    1,699
    
    
    $
    165,781
    
    
    $
    118,143
    
    
    $
    475,285
    
    
    $
    187,883
    
    
    $
    24,706The 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
    
    $
    3,733
    
    
    $
    (2,542
    )
    
    $
    30,084
    
    
    $
    (21,902
    )
    
    $
    63,154
    
    
    $
    8,144
    
    
    $
    (87
    )
 Level 3 Fair Value MeasurementsNine months ended September 30, 2008Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Insruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsBalance, January 1, 2008
    
    $
    207,894
    
    
    $
    (46
    )
    
    $
    547,358
    
    
    $
    279,175
    
    
    $
    
    
    
    $
    7,956
    
    
    $
    41,516Total gains/losses:Included in earnings
    
    
    22,730
    
    
    
    2,610
    
    
    
    (17,230
    )
    
    
    (58,649
    )
    
    
    1,509
    
    
    
    (3,882
    )
    
    
    (7,374
    )Included in OCI
    
    
    
    
    
    
    
    
    
    
    (124,689
    )
    
    
    (48,835
    )
    
    
    (86,234
    )
    
    
    (187
    )Purchases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,890Sales
    
    
    (226
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Repayments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Issuances
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Settlements
    
    
    
    
    
    
    (258
    )
    
    
    (22,008
    )
    
    
    (2,176
    )
    
    
    (79,199
    )
    
    
    (1,490
    )
    
    
    Transfers in/out of
Level 3
    
    
    
    
    
    
    
    
    
    
    9,799
    
    
    
    
    
    
    
    775,124
    
    
    
    
    
    
    
    Balance, September 30,
2008
    
    $
    230,398
    
    
    $
    2,306
    
    
    $
    393,230
    
    
    $
    169,515
    
    
    $
    611,200
    
    
    $
    2,397
    
    
    $
    40,032The 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
    
    $
    22,730
    
    
    $
    2,352
    
    
    $
    (141,919
    )
    
    $
    (107,484
    )
    
    $
    (84,725
    )
    
    $
    (4,069
    )
    
    $
    (1,601
    )
  127




---



##### 



Level 3 Fair Value MeasurementsThree months ended September 30, 2009Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsClassification of gains and
losses in earnings:Mortgage banking income
(loss)
    
    $
    (26,479
    )
    
    $
    3,207Securities gains (losses)
    
    
    
    
    
    
    
    
    
    $
    (2,284
    )
    
    $
    (14,565
    )
    
    $
    (1,734
    )Interest and fee income
    
    
    
    
    
    
    
    
    
    
    4,235
    
    
    
    21
    
    
    
    613
    
    
    $
    (2,205
    )Noninterest income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    (156
    )Total
    
    $
    (26,479
    )
    
    $
    3,207
    
    
    $
    1,951
    
    
    $
    (14,544
    )
    
    $
    (1,121
    )
    
    $
    (2,205
    )
    
    $
    (156
    )
 Level 3 Fair Value MeasurementsThree months ended September 30, 2008Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsClassification of gains and
losses in earnings:Mortgage banking income
(loss)
    
    $
    (9,207
    )
    
    $
    357Securities gains (losses)
    
    
    
    
    
    
    
    
    
    $
    (17,923
    )
    
    $
    (58,634
    )
    
    $
    
    
    
    $
    3Interest and fee income
    
    
    
    
    
    
    
    
    
    
    233
    
    
    
    (4
    )
    
    
    536
    
    
    
    (132
    )Noninterest income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    5,915Total
    
    $
    (9,207
    )
    
    $
    357
    
    
    $
    (17,690
    )
    
    $
    (58,638
    )
    
    $
    536
    
    
    $
    (129
    )
    
    $
    5,915
 Level 3 Fair Value MeasurementsNine months ended September 30, 2009Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsClassification of gains and
losses in earnings:Mortgage banking income
(loss)
    
    $
    3,733
    
    
    $
    (668
    )Securities gains (losses)
    
    
    
    
    
    
    
    
    
    $
    (9,670
    )
    
    $
    (29,452
    )
    
    $
    (2,985
    )Interest and fee income
    
    
    
    
    
    
    
    
    
    
    13,613
    
    
    
    91
    
    
    
    1,966
    
    
    $
    (908
    )Noninterest income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    (87
    )Total
    
    $
    3,733
    
    
    $
    (668
    )
    
    $
    3,943
    
    
    $
    (29,361
    )
    
    $
    (1,019
    )
    
    $
    (908
    )
    
    $
    (87
    )
 Level 3 Fair Value MeasurementsNine months ended September 30, 2008Mortgage
    
    
    
    
    
    Investment SecuritiesServicing
    
    
    Derivative
    
    
    Alt-A
    
    
    Pooled
    
    
    Private
    
    
    
    
    
    
    Equity(in thousands)
    
    Rights
    
    
    Instruments
    
    
    Mortgage-backed
    
    
    Trust-Preferred
    
    
    Label CMO
    
    
    Other
    
    
    investmentsClassification of gains and
losses in earnings:Mortgage banking income
(loss)
    
    $
    22,730
    
    
    $
    2,610Securities gains (losses)
    
    
    
    
    
    
    
    
    
    $
    (17,923
    )
    
    $
    (58,634
    )
    
    $
    
    
    
    $
    (3,093
    )Interest and fee income
    
    
    
    
    
    
    
    
    
    
    693
    
    
    
    (15
    )
    
    
    1,509
    
    
    
    (789
    )Noninterest income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    (7,374
    )Total
    
    $
    22,730
    
    
    $
    2,610
    
    
    $
    (17,230
    )
    
    $
    (58,649
    )
    
    $
    1,509
    
    
    $
    (3,882
    )
    
    $
    (7,374
    )
  128




---



##### 



Assets and Liabilities measured at fair value on a nonrecurring basis
      Fair values of financial instruments
  September 30, 2009
    
    
    December 31, 2008Carrying
    
    
    Fair
    
    
    Carrying
    
    
    Fair(in thousands)
    
    Amount
    
    
    Value
    
    
    Amount
    
    
    ValueFinancial Assets:
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    

Cash and short-term assets
    
    $
    2,280,049
    
    
    $
    2,280,049
    
    
    $
    1,137,229
    
    
    $
    1,137,229Trading account securities
    
    
    121,366
    
    
    
    121,366
    
    
    
    88,677
    
    
    
    88,677Loans held for sale
    
    
    530,861
    
    
    
    530,861
    
    
    
    390,438
    
    
    
    390,438Investment securities
    
    
    8,503,150
    
    
    
    8,503,150
    
    
    
    4,384,457
    
    
    
    4,384,457Net loans and direct financing leases
    
    
    36,272,123
    
    
    
    31,424,545
    
    
    
    40,191,938
    
    
    
    33,856,153Derivatives
    
    
    367,050
    
    
    
    367,050
    
    
    
    458,995
    
    
    
    458,995Financial Liabilities:Deposits
    
    
    (39,829,057
    )
    
    
    (40,151,292
    )
    
    
    (37,943,286
    )
    
    
    (38,363,248
    )Short-term borrowings
    
    
    (852,076
    )
    
    
    (832,849
    )
    
    
    (1,309,157
    )
    
    
    (1,252,861
    )Federal Home Loan Bank advances
    
    
    (920,045
    )
    
    
    (920,045
    )
    
    
    (2,588,976
    )
    
    
    (2,588,445
    )Other long term debt
    
    
    (2,434,858
    )
    
    
    (2,391,241
    )
    
    
    (2,331,632
    )
    
    
    (1,979,441
    )Subordinated notes
    
    
    (1,674,054
    )
    
    
    (1,224,506
    )
    
    
    (1,950,097
    )
    
    
    (1,287,150
    )Derivatives
    
    
    (238,733
    )
    
    
    (238,733
    )
    
    
    (83,367
    )
    
    
    (83,367
    )
   129




---



##### 



Loans and Direct Financing Leases
  Deposits
  Debt
  Note 14  Benefit Plans
      130




---



##### 



Pension Benefits
    
    
    Post Retirement BenefitsThree Months Ended
    
    
    Three Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Service cost
    
    $
    6,155
    
    
    $
    5,954
    
    
    $
    465
    
    
    $
    420Interest cost
    
    
    7,056
    
    
    
    6,761
    
    
    
    896
    
    
    
    903Expected return on plan assets
    
    
    (10,551
    )
    
    
    (9,786
    )
    
    
    
    
    
    
    Amortization of transition asset
    
    
    2
    
    
    
    1
    
    
    
    276
    
    
    
    276Amortization of prior service cost
    
    
    121
    
    
    
    78
    
    
    
    95
    
    
    
    95Settlements
    
    
    1,725
    
    
    
    450
    
    
    
    
    
    
    
    Recognized net actuarial loss (gain)
    
    
    1,872
    
    
    
    1,038
    
    
    
    (231
    )
    
    
    (274
    )Benefit expense
    
    $
    6,380
    
    
    $
    4,496
    
    
    $
    1,501
    
    
    $
    1,420
 Pension Benefits
    
    
    Post Retirement BenefitsNine Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Service cost
    
    $
    18,464
    
    
    $
    17,862
    
    
    $
    1,395
    
    
    $
    1,259Interest cost
    
    
    21,167
    
    
    
    20,283
    
    
    
    2,687
    
    
    
    2,709Expected return on plan assets
    
    
    (31,653
    )
    
    
    (29,358
    )
    
    
    
    
    
    
    Amortization of transition asset
    
    
    4
    
    
    
    3
    
    
    
    828
    
    
    
    828Amortization of prior service cost
    
    
    362
    
    
    
    236
    
    
    
    284
    
    
    
    284Settlements
    
    
    5,175
    
    
    
    1,350
    
    
    
    
    
    
    
    Recognized net actuarial loss (gain)
    
    
    5,620
    
    
    
    3,114
    
    
    
    (693
    )
    
    
    (821
    )Benefit expense
    
    $
    19,139
    
    
    $
    13,490
    
    
    $
    4,501
    
    
    $
    4,259
     131




---



##### 



Note 15  Derivative Financial Instruments
   Derivatives used in Asset and Liability Management Activities
  Fair Value
    
    
    Cash Flow(in thousands )
    
    Hedges
    
    
    Hedges
    
    
    TotalInstruments associated with:Loans
    
    $
    
    
    
    $
    8,405,000
    
    
    $
    8,405,000Deposits
    
    
    801,525
    
    
    
    
    
    
    
    801,525Subordinated notes
    
    
    675,000
    
    
    
    
    
    
    
    675,000Other long-term debt
    
    
    35,000
    
    
    
    
    
    
    
    35,000Total notional value at September 30, 2009
    
    $
    1,511,525
    
    
    $
    8,405,000
    
    
    $
    9,916,525
  Average
    
    
    
    
    
    
    Weighted-AverageNotional
    
    
    Maturity
    
    
    Fair
    
    
    Rate(in thousands )
    
    Value
    
    
    (years)
    
    
    Value
    
    
    Receive
    
    
    PayAsset conversion swapsReceive fixed  generic
    
    $
    8,405,000
    
    
    
    1.5
    
    
    $
    93,308
    
    
    
    2.24
    %
    
    
    0.52
    %Total asset conversion swaps
    
    
    8,405,000
    
    
    
    1.5
    
    
    
    93,308
    
    
    
    2.24
    
    
    
    0.52Liability conversion swapsReceive fixed  generic
    
    
    1,511,525
    
    
    
    4.3
    
    
    
    83,448
    
    
    
    3.12
    
    
    
    0.44Total liability conversion swaps
    
    
    1,511,525
    
    
    
    4.3
    
    
    
    83,448
    
    
    
    3.12
    
    
    
    0.44Total swap portfolio
    
    $
    9,916,525
    
    
    
    1.9
    
    
    $
    176,756
    
    
    
    2.38
    %
    
    
    0.50
    %
   132




---



##### 



Asset derivatives included in accrued income and other assets
 September 30,
    
    
    December 31,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2008Interest rate contracts designated as hedging instruments
    
    $
    176,756
    
    
    $
    230,601
    
    
    $
    44,739Interest rate contracts not designated as hedging instruments
    
    
    320,769
    
    
    
    436,131
    
    
    
    149,097Total contracts
    
    $
    497,525
    
    
    $
    666,732
    
    
    $
    193,836
 Liability derivatives included in accrued expenses and other liabilities
 September 30,
    
    
    December 31,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2008Interest rate contracts designated as hedging instruments
    
    $
    
    
    
    $
    
    
    
    $
    12,719Interest rate contracts not designated as hedging instruments
    
    
    268,212
    
    
    
    377,249
    
    
    
    74,540Total contracts
    
    $
    268,212
    
    
    $
    377,249
    
    
    $
    87,259
   Increase (decrease) to interest expense
 Derivatives in fairvalue hedging
    
    Location of change in fair value recognized in earnings on
    
    
    Three months ended
    
    
    Nine months endedrelationships
    
    derivative
    
    
    September 30,
    
    
    September 30,(in thousands)
    
    
    
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Interest Rate ContractsDeposits
    
    Interest expense  deposits
    
    
    $
    (1,771
    )
    
    $
    (511
    )
    
    $
    (2,874
    )
    
    $
    (2,050
    )Subordinated notes
    
    Interest expense  subordinated notes and other long term debt
    

    
    
    (8,092
    )
    
    
    (4,682
    )
    
    
    (21,743
    )
    
    
    (11,424
    )Other long term debt
    
    Interest expense  subordinated notes and other long term debt
    
    
    
    (91
    )
    
    
    576
    
    
    
    745
    
    
    
    3,242Total
    
    
    
    
    
    $
    (9,954
    )
    
    $
    (4,617
    )
    
    $
    (23,872
    )
    
    $
    (10,232
    )
    133




---



##### 



Amount of gain orAmount of gain or
    
    
    
    
    
    
    (loss) reclassifiedDerivatives in cash
    
    (loss) recognized in
    
    
    
    
    
    
    from accumulatedflow hedging
    
    OCL on derivatives
    
    
    Location of gain or (loss) reclassified from accumulated
    
    
    OCL into earningsrelationships
    
    (effective portion)
    
    
    OCL into earnings (effective portion)
    
    
    (effective portion)(in thousands)
    
    2009
    
    
    2008
    
    
    
    
    
    2009
    
    
    2008Interest rate contractsLoans
    
    $
    (977
    )
    
    $
    (6,551
    )
    
    Interest and fee income  loans and leases
    
    
    $
    1,168
    
    
    $
    (6,431
    )FHLB Advances
    
    
    1,338
    
    
    
    (820
    )
    
    Interest expense  FHLB Advances
    
    
    
    5,374
    
    
    
    (3,020
    )Deposits
    
    
    326
    
    
    
    2,122
    
    
    Interest expense  deposits
    
    
    
    4,153
    
    
    
    (5,866
    )Subordinated notes
    
    
    101
    
    
    
    
    
    
    Interest expense  subordinated notes and other long term debt
    
    
    
    (2,179
    )
    
    
    (3,740
    )Other long term debt
    
    
    
    
    
    
    96
    
    
    Interest expense  subordinated notes and other long term debt
    
    
    
    (378
    )
    
    
    (718
    )Total
    
    $
    788
    
    
    $
    (5,153
    )
    
    
    
    
    
    $
    8,138
    
    
    $
    (19,775
    )
  Three months ended
    
    
    Nine months endedSeptember 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Derivatives in fair value hedging relationships
Interest rate contractsLoans
    
    $
    8,158
    
    
    $
    9
    
    
    $
    8,192
    
    
    $
    (30
    )Derivatives in cash flow hedging relationships
Interest rate contractsDeposits
    
    
    14,688
    
    
    
    3
    
    
    
    16,331
    
    
    
    157
 Derivatives Used in Trading Activities
    134




---



##### 



.
   Note 16 Variable Interest Entities
 Consolidated Variable Interest Entities
  September 30, 2009(in thousands)
    
    Franklin2009 Trust
    
    
    2008 Trust
    
    
    2006 Trust
    
    
    2000 Trust
    
    
    TotalAssetsCash
    
    $
    
    
    
    $
    26,730
    
    
    $
    290,189
    
    
    $
    31,456
    
    
    $
    348,375Loans and leases
    
    
    465,172
    
    
    
    601,723
    
    
    
    1,162,343
    
    
    
    43,721
    
    
    
    2,272,959Allowance for loan and lease losses
    
    
    
    
    
    
    (10,572
    )
    
    
    (20,627
    )
    
    
    (768
    )
    
    
    (31,967
    )Net loans and leases
    
    
    465,172
    
    
    
    591,151
    
    
    
    1,141,716
    
    
    
    42,953
    
    
    
    2,240,992Accrued income and other assets
    
    
    35,615
    
    
    
    3,616
    
    
    
    6,049
    
    
    
    174
    
    
    
    45,454Total assets
    
    $
    500,787
    
    
    $
    621,497
    
    
    $
    1,437,954
    
    
    $
    74,583
    
    
    $
    2,634,821LiabilitiesOther long-term debt
    
    $
    82,309
    
    
    $
    456,526
    
    
    $
    1,057,398
    
    
    $
    
    
    
    $
    1,596,233Accrued interest and other liabilities
    
    
    17,461
    
    
    
    819
    
    
    
    12,086
    
    
    
    
    
    
    
    30,366Total liabilities
    
    $
    99,770
    
    
    $
    457,345
    
    
    $
    1,069,484
    
    
    $
    
    
    
    $
    1,626,599
   135




---



##### 



Trust Preferred Securities
  Principal amount of
    
    
    Investment insubordinated note/
    
    
    unconsolidated(in thousands)
    

debenture issued to trust(1)
    
    
    subsidiaryHuntington Capital I
    
    $
    138,816
    
    
    $
    6,186Huntington Capital II
    
    
    60,093
    
    
    
    3,093Huntington Capital III
    
    
    114,039
    
    
    
    10BancFirst Ohio Trust Preferred
    
    
    23,311
    
    
    
    619Sky Financial Capital Trust I
    
    
    65,206
    
    
    
    1,856Sky Financial Capital Trust II
    
    
    30,929
    
    
    
    929Sky Financial Capital Trust III
    
    
    77,891
    
    
    
    2,320Sky Financial Capital Trust IV
    
    
    77,892
    
    
    
    2,320Prospect Trust I
    
    
    6,186
    
    
    
    186Total
    
    $
    594,363
    
    
    $
    17,519
 (1)
    
    Represents the principal amount of
debentures issued to each trust, including unamortized
original issue discount.    Low Income Housing Tax Credit Partnerships
    136




---



##### 



Note 17  Commitments and Contingent Liabilities
 Commitments to extend credit
  September 30,
    
    
    December 31,
    
    
    September 30,(in millions)
    
    2009
    
    
    2008
    
    
    2008Contract amount represents credit riskCommitments to extend creditCommercial
    
    $
    6,055
    
    
    $
    6,494
    
    
    $
    6,640Consumer
    
    
    4,964
    
    
    
    4,964
    
    
    
    4,928Commercial real estate
    
    
    1,177
    
    
    
    1,951
    
    
    
    2,007Standby letters of credit
    
    
    624
    
    
    
    1,272
    
    
    
    1,577
      Commitments to sell loans
   137




---



##### 



Income Taxes
   Litigation
      138




---



##### 



Note 18  Parent Company Financial Statements
  Balance Sheets
    
    September 30,
    
    
    December 31,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2008ASSETSCash and cash equivalents (1)
    
    $
    1,780,345
    
    
    $
    1,122,056
    
    
    $
    279,688Due from The Huntington National Bank
    
    
    540,741
    
    
    
    532,746
    
    
    
    30,741Due from non-bank subsidiaries
    
    
    280,338
    
    
    
    338,675
    
    
    
    324,216Investment in The Huntington National Bank
    
    
    3,157,018
    
    
    
    5,274,261
    
    
    
    5,552,026Investment in non-bank subsidiaries
    
    
    859,202
    
    
    
    854,575
    
    
    
    1,141,774Accrued interest receivable and other assets
    
    
    194,654
    
    
    
    146,167
    
    
    
    179,153Total assets
    
    $
    6,812,298
    
    
    $
    8,268,480
    
    
    $
    7,507,598LIABILITIES AND SHAREHOLDERS EQUITYShort-term borrowings
    
    $
    1,290
    
    
    $
    1,852
    
    
    $
    1,693Long-term borrowings
    
    
    637,434
    
    
    
    803,699
    
    
    
    803,699Dividends payable, accrued expenses, and other liabilities
    
    
    498,468
    
    
    
    234,023
    
    
    
    326,446Total liabilities
    
    
    1,137,192
    
    
    
    1,039,574
    
    
    
    1,131,838Shareholders equity (2)
    
    
    5,675,106
    
    
    
    7,228,906
    
    
    
    6,375,760Total liabilities and shareholders equity
    
    $
    6,812,298
    
    
    $
    8,268,480
    
    
    $
    7,507,598
 (1)
    
    Includes restricted cash of $125,000 at September 30, 2009 and December 31, 2008.(2)
    
    See page 101 for Huntingtons Condensed Consolidated Statements of Changes in Shareholders Equity.  139




---



##### 



Three months ended
    
    
    Nine months endedStatements of Income
    
    September 30,
    
    
    September 30,(in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008IncomeDividends fromThe Huntington National Bank
    
    $
    
    
    
    $
    142,254
    
    
    $
    
    
    
    $
    142,254Non-bank subsidiaries
    
    
    15,450
    
    
    
    
    
    
    
    24,700
    
    
    
    16,845Interest fromThe Huntington National Bank
    
    
    11,841
    
    
    
    4,094
    
    
    
    34,828
    
    
    
    14,525Non-bank subsidiaries
    
    
    3,581
    
    
    
    3,434
    
    
    
    11,872
    
    
    
    10,366Other
    
    
    435
    
    
    
    21,795
    
    
    
    68,004
    
    
    
    22,393Total income
    
    
    31,307
    
    
    
    171,577
    
    
    
    139,404
    
    
    
    206,383ExpensePersonnel costs
    
    
    11,120
    
    
    
    5,903
    
    
    
    13,835
    
    
    
    16,892Interest on borrowings
    
    
    5,838
    
    
    
    10,353
    
    
    
    23,755
    
    
    
    33,594Other
    
    
    8,621
    
    
    
    6,721
    
    
    
    21,148
    
    
    
    14,768Total expense
    
    
    25,579
    
    
    
    22,977
    
    
    
    58,738
    
    
    
    65,254Income before income taxes and equity in
undistributed net income of subsidiaries
    
    
    5,728
    
    
    
    148,600
    
    
    
    80,666
    
    
    
    141,129Income taxes
    
    
    (2,072
    )
    
    
    (3,196
    )
    
    
    17,130
    
    
    
    (16,386
    )Income before equity in undistributed net income
of subsidiaries
    
    
    7,800
    
    
    
    151,796
    
    
    
    63,536
    
    
    
    157,515Increase (decrease) in undistributed net income of:The Huntington National Bank
    
    
    (168,462
    )
    
    
    (92,516
    )
    
    
    (2,761,828
    )
    
    
    140,404Non-bank subsidiaries
    
    
    (5,528
    )
    
    
    15,783
    
    
    
    (26,200
    )
    
    
    5,564Net
(loss) income
    
    $
    (166,190
    )
    
    $
    75,063
    
    
    $
    (2,724,492
    )
    
    $
    303,483
 Nine months endedStatements of Cash Flows
    
    September 30,(in thousands)
    
    2009
    
    
    2008Operating activitiesNet (loss) income
    
    $
    (2,724,492
    )
    
    $
    303,483Adjustments
to reconcile net (loss) income to net cash
(used in) provided by operating activities:Equity in undistributed net income of subsidiaries
    
    
    2,788,028
    
    
    
    (145,968
    )Depreciation and amortization
    
    
    3,204
    
    
    
    1,780Change in other, net
    
    
    (91,326
    )
    
    
    35,312Net cash
(used in) provided by operating activities
    
    
    (24,586
    )
    
    
    194,607Investing activitiesRepayments from subsidiaries
    
    
    369,861
    
    
    
    734,656Advances to subsidiaries
    
    
    (591,640
    )
    
    
    (1,010,732
    )Net cash used in investing activities
    
    
    (221,779
    )
    
    
    (276,076
    )Financing activitiesPayment of borrowings
    
    
    (99,418
    )
    
    
    (98,470
    )Dividends paid on preferred stock
    
    
    (82,084
    )
    
    
    (11,151
    )Dividends paid on common stock
    
    
    (49,349
    )
    
    
    (231,976
    )Proceeds from issuance of preferred stock
    
    
    
    
    
    
    550,134Proceeds from issuance of common stock
    
    
    1,135,662
    
    
    
    Other, net
    
    
    (157
    )
    
    
    (869
    )Net cash
provided by financing activities
    
    
    904,654
    
    
    
    207,668Change in cash and cash equivalents
    
    
    658,289
    
    
    
    126,199Cash and
cash equivalents at beginning of period
    
    
    1,122,056
    
    
    
    153,489Cash and
cash equivalents at end of period
    
    $
    1,780,345
    
    
    $
    279,688Supplemental disclosure:Interest paid
    
    $
    23,755
    
    
    $
    33,594Dividends in-kind received from The Huntington National Bank
    
    
    
    
    
    
    124,689
  140




---



##### 



Note 19  Segment Reporting
   Retail and Business Banking
 Commercial Banking:
 Commercial Real Estate:
  141




---



##### 



Auto Finance and Dealer Services (AFDS):
 Private Financial Group (PFG):
   142




---



##### 



Three Months Ended September 30,Retail &
    
    
    
    
    
    
    
    
    
    
    FormerIncome Statements
    
    Business
    
    
    
    
    
    
    Commercial
    
    
    Regional
    
    
    
    
    
    
    
    
    
    
    Treasury/
    
    
    Huntington(in thousands )
    
    Banking
    
    
    Commercial
    
    
    Real Estate
    
    
    Banking
    
    
    AFDS
    
    
    PFG
    
    
    Other
    
    
    Consolidated2009Net interest income
    
    $
    252,083
    
    
    $
    79,004
    
    
    $
    46,601
    
    
    $
    377,688
    
    
    $
    33,708
    
    
    $
    27,724
    
    
    $
    (76,301
    )
    
    $
    362,819Provision for credit losses
    
    
    (123,396
    )
    
    
    (98,624
    )
    
    
    (231,402
    )
    
    
    (453,422
    )
    
    
    (11,259
    )
    
    
    (9,903
    )
    
    
    (552
    )
    
    
    (475,136
    )Non interest income
    
    
    131,793
    
    
    
    23,234
    
    
    
    (783
    )
    
    
    154,244
    
    
    
    17,243
    
    
    
    59,337
    
    
    
    25,228
    
    
    
    256,052Non interest expense
    
    
    (203,709
    )
    
    
    (37,132
    )
    
    
    (7,968
    )
    
    
    (248,809
    )
    
    
    (24,930
    )
    
    
    (59,576
    )
    
    
    (67,782
    )
    
    
    (401,097
    )Income taxes
    
    
    (19,870
    )
    
    
    11,731
    
    
    
    67,743
    
    
    
    59,604
    
    
    
    (5,167
    )
    
    
    (6,154
    )
    
    
    42,889
    
    
    
    91,172Operating / reported net income
    
    $
    36,901
    
    
    $
    (21,787
    )
    
    $
    (125,809
    )
    
    $
    (110,695
    )
    
    $
    9,595
    
    
    $
    11,428
    
    
    $
    (76,518
    )
    
    $
    (166,190
    )2008Net interest income
    
    $
    241,783
    
    
    $
    77,711
    
    
    $
    44,111
    
    
    $
    363,605
    
    
    $
    37,504
    
    
    $
    20,280
    
    
    $
    (32,753
    )
    
    $
    388,636Provision for credit losses
    
    
    (53,536
    )
    
    
    (10,941
    )
    
    
    (36,918
    )
    
    
    (101,395
    )
    
    
    (21,866
    )
    
    
    (2,131
    )
    
    
    
    
    
    
    (125,392
    )Non interest income
    
    
    113,040
    
    
    
    23,368
    
    
    
    5,213
    
    
    
    141,621
    
    
    
    15,660
    
    
    
    68,241
    
    
    
    (57,665
    )
    
    
    167,857Non interest expense
    
    
    (190,593
    )
    
    
    (38,739
    )
    
    
    (6,905
    )
    
    
    (236,237
    )
    
    
    (28,853
    )
    
    
    (60,556
    )
    
    
    (13,350
    )
    
    
    (338,996
    )Income taxes
    
    
    (38,743
    )
    
    
    (17,990
    )
    
    
    (1,925
    )
    
    
    (58,658
    )
    
    
    (856
    )
    
    
    (9,042
    )
    
    
    51,514
    
    
    
    (17,042
    )Operating / reported net income
    
    $
    71,951
    
    
    $
    33,409
    
    
    $
    3,576
    
    
    $
    108,936
    
    
    $
    1,589
    
    
    $
    16,792
    
    
    $
    (52,254
    )
    
    $
    75,063Nine Months Ended September 30,Retail &
    
    
    
    
    
    
    
    
    
    
    FormerIncome Statements
    
    Business
    
    
    
    
    
    
    Commercial
    
    
    Regional
    
    
    
    
    
    
    
    
    
    
    Treasury/
    
    
    Huntington(in thousands of dollars)
    
    Banking
    
    
    Commercial
    
    
    Real Estate
    
    
    Banking
    
    
    AFDS
    
    
    PFG
    
    
    Other
    
    
    Consolidated2009Net interest income
    
    $
    762,765
    
    
    $
    232,729
    
    
    $
    136,727
    
    
    $
    1,132,221
    
    
    $
    104,861
    
    
    $
    76,097
    
    
    $
    (262,956
    )
    
    $
    1,050,223Provision for credit losses
    
    
    (342,472
    )
    
    
    (257,405
    )
    
    
    (494,334
    )
    
    
    (1,094,211
    )
    
    
    (68,364
    )
    
    
    (29,299
    )
    
    
    11,194
    
    
    
    (1,180,680
    )Non-Interest income
    
    
    385,791
    
    
    
    68,083
    
    
    
    321
    
    
    
    454,195
    
    
    
    44,308
    
    
    
    184,835
    
    
    
    77,761
    
    
    
    761,099Non-Interest expense,
excluding goodwill impairment
    
    
    (610,136
    )
    
    
    (107,715
    )
    
    
    (20,658
    )
    
    
    (738,509
    )
    
    
    (80,676
    )
    
    
    (178,877
    )
    
    
    (105,842
    )
    
    
    (1,103,904
    )Goodwill impairment
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,573,818)
    (1)
    
    
    
    
    
    
    (28,895
    )
    
    
    (4,231
    )
    
    
    (2,606,944
    )Income taxes
    
    
    (68,582
    )
    
    
    22,508
    
    
    
    132,280
    
    
    
    86,206
    
    
    
    (45
    )
    
    
    (8,351
    )
    
    
    277,904
    
    
    
    355,714Operating / reported net income
    
    $
    127,366
    
    
    $
    (41,800
    )
    
    $
    (245,664
    )
    
    $
    (2,733,916
    )
    
    $
    84
    
    
    $
    15,510
    
    
    $
    (6,170
    )
    
    $
    (2,724,492
    )2008Net interest income
    
    $
    719,492
    
    
    $
    237,427
    
    
    $
    130,479
    
    
    $
    1,087,398
    
    
    $
    112,392
    
    
    $
    59,685
    
    
    $
    (104,149
    )
    
    $
    1,155,326Provision for credit losses
    
    
    (147,227
    )
    
    
    (36,342
    )
    
    
    (97,829
    )
    
    
    (281,398
    )
    
    
    (46,283
    )
    
    
    (7,174
    )
    
    
    
    
    
    
    (334,855
    )Non-Interest income
    
    
    317,102
    
    
    
    72,304
    
    
    
    13,478
    
    
    
    402,884
    
    
    
    43,136
    
    
    
    199,989
    
    
    
    (5,971
    )
    
    
    640,038Non-Interest expense
    
    
    (590,538
    )
    
    
    (118,356
    )
    
    
    (21,083
    )
    
    
    (729,977
    )
    
    
    (84,723
    )
    
    
    (187,180
    )
    
    
    (85,397
    )
    
    
    (1,087,277
    )Income taxes
    
    
    (104,590
    )
    
    
    (54,262
    )
    
    
    (8,766
    )
    
    
    (167,618
    )
    
    
    (8,583
    )
    
    
    (22,862
    )
    
    
    129,316
    
    
    
    (69,747
    )Operating / reported net income
    
    $
    194,239
    
    
    $
    100,771
    
    
    $
    16,279
    
    
    $
    311,289
    
    
    $
    15,939
    
    
    $
    42,458
    
    
    $
    (66,201
    )
    
    $
    303,485
 (1)
    
    Represents the 2009 first quarter goodwill impairment charge associated with the former Regional Banking segment.   143




---



##### 



Assets at
    
    
    Deposits atSeptember 30,
    
    
    December 31,
    
    
    September 30,
    
    
    September 30,
    
    
    December 31,
    
    
    September 30,(in millions)
    
    2009
    
    
    2008
    
    
    2008
    
    
    2009
    
    
    2008
    
    
    2008Retail & Business Banking
    
    $
    17,604
    
    
    $
    18,230
    
    
    $
    18,357
    
    
    $
    28,120
    
    
    $
    27,314
    
    
    $
    26,626Commercial Banking
    
    
    8,281
    
    
    
    8,883
    
    
    
    8,756
    
    
    
    6,241
    
    
    
    5,180
    
    
    
    5,946Commercial Real Estate
    
    
    6,621
    
    
    
    7,116
    
    
    
    6,961
    
    
    
    454
    
    
    
    433
    
    
    
    494AFDS
    
    
    4,942
    
    
    
    6,376
    
    
    
    6,327
    
    
    
    96
    
    
    
    68
    
    
    
    68PFG
    
    
    3,403
    
    
    
    3,242
    
    
    
    3,019
    
    
    
    2,954
    
    
    
    1,777
    
    
    
    1,584Treasury / Other
    
    
    11,662
    
    
    
    7,618
    
    
    
    8,351
    
    
    
    1,964
    
    
    
    3,171
    
    
    
    2,851Unallocated goodwill (1)
    
    
    
    
    
    
    2,888
    
    
    
    2,890
    
    
    
    
    
    
    
    
    
    
    
    Total
    
    $
    52,513
    
    
    $
    54,353
    
    
    $
    54,661
    
    
    $
    39,829
    
    
    $
    37,943
    
    
    $
    37,569
 (1)
    
    Represents the balance of goodwill associated with the former Regional Banking business segment.   144