##### 



Exhibit
99.(a).
 Huntington Bancshares Incorporated
 
 Condensed Consolidated Balance Sheets
 2006
    
    2005(in thousands, except number of shares)
    
    September 30,
    
    December 31,
    
    September 30,(Unaudited)
    
    
    
    
    
    (Unaudited)AssetsCash and due from banks
    
    $
    848,088
    
    
    $
    966,445
    
    
    $
    803,425Federal funds sold and securities
purchased under resale agreements
    
    
    370,418
    
    
    
    74,331
    
    
    
    78,325Interest bearing deposits in banks
    
    
    59,333
    
    
    
    22,391
    
    
    
    22,379Trading account securities
    
    
    122,621
    
    
    
    8,619
    
    
    
    191,418Loans held for sale
    
    
    276,304
    
    
    
    294,344
    
    
    
    449,096Investment securities
    
    
    4,643,901
    
    
    
    4,526,520
    
    
    
    4,304,898Loans and leases
    
    
    26,361,502
    
    
    
    24,472,166
    
    
    
    24,496,287Allowance for loan and lease losses
    
    
    (280,152
    )
    
    
    (268,347
    )
    
    
    (253,943
    )Net loans and leases
    
    
    26,081,350
    
    
    
    24,203,819
    
    
    
    24,242,344Automobile operating lease assets
    
    
    54,551
    
    
    
    189,003
    
    
    
    247,389Bank owned life insurance
    
    
    1,083,033
    
    
    
    1,001,542
    
    
    
    993,407Premises and equipment
    
    
    367,709
    
    
    
    360,677
    
    
    
    358,876Goodwill
    
    
    571,521
    
    
    
    212,530
    
    
    
    212,530Other intangible assets
    
    
    61,239
    
    
    
    4,956
    
    
    
    5,173Accrued income and other assets
    
    
    1,121,880
    
    
    
    899,628
    
    
    
    853,728Total Assets
    
    $
    35,661,948
    
    
    $
    32,764,805
    
    
    $
    32,762,988Liabilities and Shareholders Equity
LiabilitiesDeposits
    
    $
    24,738,395
    
    
    $
    22,409,675
    
    
    $
    22,349,122Short-term borrowings
    
    
    1,532,504
    
    
    
    1,889,260
    
    
    
    1,502,566Federal Home Loan Bank advances
    
    
    1,221,669
    
    
    
    1,155,647
    
    
    
    1,155,656Other long-term debt
    
    
    2,592,188
    
    
    
    2,418,419
    
    
    
    2,795,431Subordinated notes
    
    
    1,275,883
    
    
    
    1,023,371
    
    
    
    1,034,343Deferred federal income tax liability
    
    
    615,291
    
    
    
    743,655
    
    
    
    768,344Accrued expenses and other liabilities
    
    
    556,272
    
    
    
    567,277
    
    
    
    534,851Total Liabilities
    
    
    32,532,202
    
    
    
    30,207,304
    
    
    
    30,140,313Shareholders equityPreferred stock  authorized 6,617,808 shares;
none outstanding
    
    
    
    
    
    
    
    
    
    
    ---Common stock  without par value; authorized
500,000,000 shares; issued 257,866,255
shares; outstanding 237,921,076; 224,106,172
and 229,005,823 shares, respectively.
    
    
    2,556,168
    
    
    
    2,491,326
    
    
    
    2,490,919Less 19,945,179; 33,760,083 and 28,860,432
treasury shares at cost, respectively
    
    
    (445,359
    )
    
    
    (693,576
    )
    
    
    (575,941
    )Accumulated other comprehensive income (loss)
    
    
    32,076
    
    
    
    (22,093
    )
    
    
    (21,839
    )Retained earnings
    
    
    986,861
    
    
    
    781,844
    
    
    
    729,536Total Shareholders Equity
    
    
    3,129,746
    
    
    
    2,557,501
    
    
    
    2,622,675Total Liabilities and Shareholders Equity
    
    $
    35,661,948
    
    
    $
    32,764,805
    
    
    $
    32,762,988
 See notes to unaudited condensed consolidated financial statements
 3




---



##### 



Huntington Bancshares Incorporated
 
 Condensed Consolidated Statements of Income  (Unaudited)
 Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,(in thousands, except per share amounts)
    
    2006
    
    2005
    
    2006
    
    2005Interest and fee incomeLoans and leasesTaxable
    
    $
    462,709
    
    
    $
    366,550
    
    
    $
    1,307,979
    
    
    $
    1,044,486Tax-exempt
    
    
    555
    
    
    
    322
    
    
    
    1,584
    
    
    
    1,017Investment securities
Taxable
    
    
    60,437
    
    
    
    38,507
    
    
    
    173,397
    
    
    
    114,097Tax-exempt
    
    
    6,137
    
    
    
    5,523
    
    
    
    17,743
    
    
    
    14,171Other
    
    
    9,150
    
    
    
    9,956
    
    
    
    24,975
    
    
    
    25,518Total interest income
    
    
    538,988
    
    
    
    420,858
    
    
    
    1,525,678
    
    
    
    1,199,289Interest expensesDeposits
    
    
    194,623
    
    
    
    119,376
    
    
    
    515,969
    
    
    
    313,103Short-term borrowings
    
    
    17,161
    
    
    
    10,901
    
    
    
    52,795
    
    
    
    22,815Federal Home Loan Bank advances
    
    
    15,565
    
    
    
    7,351
    
    
    
    47,130
    
    
    
    24,697Subordinated notes and other long-term debt
    
    
    56,326
    
    
    
    41,593
    
    
    
    148,596
    
    
    
    119,939Total interest expense
    
    
    283,675
    
    
    
    179,221
    
    
    
    764,490
    
    
    
    480,554Net interest income
    
    
    255,313
    
    
    
    241,637
    
    
    
    761,188
    
    
    
    718,735Provision for credit losses
    
    
    14,162
    
    
    
    17,699
    
    
    
    49,447
    
    
    
    50,468Net interest income after provision for credit losses
    
    
    241,151
    
    
    
    223,938
    
    
    
    711,741
    
    
    
    668,267Automobile operating lease income
    
    
    8,580
    
    
    
    27,822
    
    
    
    37,771
    
    
    
    110,481Service charges on deposit accounts
    
    
    48,718
    
    
    
    44,817
    
    
    
    137,165
    
    
    
    125,751Trust services
    
    
    22,490
    
    
    
    19,671
    
    
    
    66,444
    
    
    
    56,980Brokerage and insurance income
    
    
    14,697
    
    
    
    13,948
    
    
    
    44,235
    
    
    
    40,518Bank owned life insurance income
    
    
    12,125
    
    
    
    10,104
    
    
    
    32,971
    
    
    
    30,347Other service charges and fees
    
    
    12,989
    
    
    
    11,449
    
    
    
    37,570
    
    
    
    32,860Mortgage banking (loss) income
    
    
    (2,166
    )
    
    
    21,116
    
    
    
    36,021
    
    
    
    30,801Securities (losses) gains
    
    
    (57,332
    )
    
    
    101
    
    
    
    (57,387
    )
    
    
    715Gains on sales of automobile loans
    
    
    863
    
    
    
    502
    
    
    
    1,843
    
    
    
    756Other income
    
    
    36,946
    
    
    
    11,210
    
    
    
    83,830
    
    
    
    55,751Total non-interest income
    
    
    97,910
    
    
    
    160,740
    
    
    
    420,463
    
    
    
    484,960Automobile operating lease expense
    
    
    5,988
    
    
    
    21,637
    
    
    
    27,317
    
    
    
    86,667Personnel costs
    
    
    133,823
    
    
    
    117,476
    
    
    
    403,284
    
    
    
    365,547Net occupancy
    
    
    18,109
    
    
    
    16,653
    
    
    
    54,002
    
    
    
    53,152Outside data processing and other services
    
    
    18,664
    
    
    
    18,062
    
    
    
    58,084
    
    
    
    54,945Equipment
    
    
    17,249
    
    
    
    15,531
    
    
    
    51,761
    
    
    
    47,031Professional services
    
    
    6,438
    
    
    
    8,323
    
    
    
    18,095
    
    
    
    27,129Marketing
    
    
    7,846
    
    
    
    6,364
    
    
    
    25,521
    
    
    
    19,134Telecommunications
    
    
    4,818
    
    
    
    4,512
    
    
    
    14,633
    
    
    
    14,195Printing and supplies
    
    
    3,416
    
    
    
    3,102
    
    
    
    10,254
    
    
    
    9,489Amortization of intangibles
    
    
    2,902
    
    
    
    203
    
    
    
    6,969
    
    
    
    611Other expense
    
    
    23,177
    
    
    
    21,189
    
    
    
    63,284
    
    
    
    61,565Total non-interest expense
    
    
    242,430
    
    
    
    233,052
    
    
    
    733,204
    
    
    
    739,465Income before income taxes
    
    
    96,631
    
    
    
    151,626
    
    
    
    399,000
    
    
    
    413,762Provision (benefit) for income taxes
    
    
    (60,815
    )
    
    
    43,052
    
    
    
    25,494
    
    
    
    102,244Net income
    
    $
    157,446
    
    
    $
    108,574
    
    
    
    373,506
    
    
    
    311,518Average common shares  basic
    
    
    237,672
    
    
    
    229,830
    
    
    
    236,790
    
    
    
    231,290Average common shares  diluted
    
    
    240,896
    
    
    
    233,456
    
    
    
    239,933
    
    
    
    234,727Per common shareNet income  basic
    
    $
    0.66
    
    
    $
    0.47
    
    
    $
    1.58
    
    
    $
    1.35Net income  diluted
    
    
    0.65
    
    
    
    0.47
    
    
    
    1.56
    
    
    
    1.33Cash dividends declared
    
    
    0.250
    
    
    
    0.215
    
    
    
    0.75
    
    
    
    0.63
 See notes to unaudited condensed consolidated financial statements
 4




---



##### 



Huntington Bancshares Incorporated
 
 Condensed Consolidated Statements of Changes in Shareholders Equity
 AccumulatedOtherCommon Stock
    
    Treasury Shares
    
    Comprehensive
    
    Retained(in thousands)
    
    Shares
    
    Amount
    
    Shares
    
    Amount
    
    Income (Loss)
    
    Earnings
    
    TotalNine Months Ended September 30, 2005 (Unaudited):Balance, beginning of period
    
    
    257,866
    
    
    $
    2,484,204
    
    
    
    (26,261
    )
    
    $
    (499,259
    )
    
    $
    (10,903
    )
    
    $
    563,596
    
    
    $
    2,537,638Comprehensive Income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    311,518
    
    
    
    311,518Unrealized net losses on investment securities
arising during the period, net of reclassification
of net realized gains
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (18,304
    )
    
    
    
    
    
    
    (18,304
    )Unrealized gains on cash flow hedging derivatives
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7,368
    
    
    
    
    
    
    
    7,368Total comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    300,582Cash dividends declared ($0.63 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (145,578
    )
    
    
    (145,578
    )Treasury shares purchased
    
    
    
    
    
    
    
    
    
    
    (4,416
    )
    
    
    (108,610
    )
    
    
    
    
    
    
    
    
    
    
    (108,610
    )Stock options exercised
    
    
    
    
    
    
    3,172
    
    
    
    1,729
    
    
    
    33,353
    
    
    
    
    
    
    
    
    
    
    
    36,525Other
    
    
    
    
    
    
    3,543
    
    
    
    88
    
    
    
    (1,425
    )
    
    
    
    
    
    
    
    
    
    
    2,118Balance, end of period (Unaudited)
    
    
    257,866
    
    
    $
    2,490,919
    
    
    
    (28,860
    )
    
    $
    (575,941
    )
    
    $
    (21,839
    )
    
    $
    729,536
    
    
    $
    2,622,675Nine Months Ended September 30, 2006 (Unaudited):Balance, beginning of period
    
    
    257,866
    
    
    $
    2,491,326
    
    
    
    (33,760
    )
    
    $
    (693,576
    )
    
    $
    (22,093
    )
    
    $
    781,844
    
    
    $
    2,557,501Comprehensive Income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    373,506
    
    
    
    373,506Cumulative effect of change in accounting principle
for servicing financial assets, net of tax of $6,521
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    12,110
    
    
    
    12,110Unrealized net gains on investment securities
arising during the period, net of reclassification
of net realized losses
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    46,332
    
    
    
    
    
    
    
    46,332Unrealized gains on cash flow hedging derivatives
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7,837
    
    
    
    
    
    
    
    7,837Total comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    439,785Cash dividends declared ($0.75 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (180,599
    )
    
    
    (180,599
    )Shares issued pursuant to acquisition
    
    
    
    
    
    
    53,366
    
    
    
    25,350
    
    
    
    522,390
    
    
    
    
    
    
    
    
    
    
    
    575,756Recognition of the fair value of share-based
compensation
    
    
    
    
    
    
    13,430
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13,430Treasury shares purchased
    
    
    
    
    
    
    
    
    
    
    (12,931
    )
    
    
    (303,898
    )
    
    
    
    
    
    
    
    
    
    
    (303,898
    )Stock options exercised
    
    
    
    
    
    
    (2,073
    )
    
    
    1,439
    
    
    
    30,911
    
    
    
    
    
    
    
    
    
    
    
    28,838Other
    
    
    
    
    
    
    119
    
    
    
    (43
    )
    
    
    (1,186
    )
    
    
    
    
    
    
    
    
    
    
    (1,067
    )Balance, end of period (Unaudited)
    
    
    257,866
    
    
    $
    2,556,168
    
    
    
    (19,945
    )
    
    $
    (445,359
    )
    
    $
    32,076
    
    
    $
    986,861
    
    
    $
    3,129,746
 See notes to unaudited condensed consolidated financial statements.
 5




---



##### 



Huntington Bancshares Incorporated
 
 Condensed Consolidated Statements of Cash Flows  (Unaudited)
 Nine Months EndedSeptember 30,(in thousands of dollars)
    
    2006
    
    
    2005Operating activitiesNet income
    
    $
    373,506
    
    
    $
    311,518Adjustments
to reconcile net income to net cash provided by operating activities:Depreciation and amortization
    
    
    88,402
    
    
    
    138,899Deferred income tax benefit
    
    
    (166,168
    )
    
    
    (9,422
    )(Increase) decrease in trading account securities
    
    
    (36,535
    )
    
    
    118,212Pension contribution
    
    
    (29,800
    )
    
    
    (63,600
    )Reversal of tax reserves
    
    
    (84,541
    )
    
    
    Originations of loans held for sale
    
    
    (1,934,660
    )
    
    
    (1,603,271
    )Principal payments on and proceeds from loans held for sale
    
    
    1,931,216
    
    
    
    1,685,272Losses (gains) on investment securities
    
    
    57,387
    
    
    
    (715
    )Other, net
    
    
    (154,275
    )
    
    
    (243,971
    )Net cash provided by operating activities
    
    
    44,532
    
    
    
    332,922Investing activities(Increase) decrease in interest bearing deposits in banks
    
    
    (33,846
    )
    
    
    19Net cash received in acquisition of Unizan
    
    
    66,507
    
    
    
    Proceeds from:Maturities and calls of investment securities
    
    
    461,680
    
    
    
    333,605Sales of investment securities
    
    
    1,330,257
    
    
    
    1,715,426Purchases of investment securities
    
    
    (1,645,140
    )
    
    
    (2,146,993
    )Net loan and lease originations, excluding sales
    
    
    (275,766
    )
    
    
    (1,332,014
    )Purchases of equipment for operating lease assets
    
    
    (17,149
    )
    
    
    (16,546
    )Proceeds from sale of operating lease assets
    
    
    106,448
    
    
    
    239,194Proceeds from sale of premises and equipment
    
    
    5,695
    
    
    
    189Purchases of premises and equipment
    
    
    (28,327
    )
    
    
    (42,069
    )Proceeds from sales of other real estate
    
    
    10,786
    
    
    
    47,755Net cash used for investing activities
    
    
    (18,855
    )
    
    
    (1,201,434
    )Financing activitiesIncrease in deposits
    
    
    632,079
    
    
    
    1,587,653(Decrease) increase in short-term borrowings
    
    
    (435,896
    )
    
    
    295,333Proceeds from issuance of subordinated notes
    
    
    250,000
    
    
    
    Proceeds from Federal Home Loan Bank advances
    
    
    2,312,050
    
    
    
    809,589Maturity of Federal Home Loan Bank advances
    
    
    (2,339,341
    )
    
    
    (925,021
    )Proceeds from issuance of long-term debt
    
    
    935,000
    
    
    
    Maturity of long-term debt
    
    
    (765,777
    )
    
    
    (1,308,145
    )Tax benefits in excess of recognized compensation cost for share-based payments
    
    
    904
    
    
    
    Dividends paid on common stock
    
    
    (161,906
    )
    
    
    (142,422
    )Repurchases of common stock
    
    
    (303,898
    )
    
    
    (108,610
    )Net proceeds from issuance of common stock
    
    
    28,838
    
    
    
    36,525Net cash provided by financing activities
    
    
    152,053
    
    
    
    244,902Change in cash and cash equivalents
    
    
    177,730
    
    
    
    (623,610
    )Cash and cash equivalents at beginning of period
    
    
    1,040,776
    
    
    
    1,505,360Cash and cash equivalents at end of period
    
    $
    1,218,506
    
    
    $
    881,750Supplemental disclosures:Income taxes paid
    
    $
    282,418
    
    
    $
    146,911Interest paid
    
    
    457,404
    
    
    
    447,864Non-cash activitiesCommon stock dividends accrued, paid in subsequent quarter
    
    
    47,700
    
    
    
    39,167Stock issued for purchase acquisition
    
    
    575,756
    
    
    
    
 See notes to unaudited condensed consolidated financial statements.
 6




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##### 



Notes to Unaudited Condensed Consolidated Financial Statements
 Note 1  Basis of Presentation
    Note 2  New Accounting Pronouncements
 Financial Accounting Standards Board (FASB) Statement No. 123 (revised 2004), Share-Based Payment
(Statement No. 123R) Accounting for Stock-Based Compensation (Statement No.123) Accounting for Stock Issued to Employees
 FASB Statement No. 154, Accounting Changes and Error Corrections  a replacement of APB Opinion No.
20 and FASB Statement No. 3 (Statement No. 154) Accounting Changes Reporting Accounting
Changes in Interim Financial Statements
 FASB Statement No. 155, Accounting for Certain Hybrid Financial Instruments, an amendment of FASB
Statements No. 133 and 140 (Statement No. 155)
   7




---



##### 



FASB Statement No. 156, Accounting for Servicing of Financial Assets  an amendment of FASB
Statement No. 140 Statement No. 156) (See Note 6.)
 FASB Statement No. 157, Fair Value Measurements (Statement No. 157)
 FASB Statement No. 158, Employers Accounting for Defined Benefit Pension and Other Postretirement
Plans  an amendment of FASB Statements No. 87, 88, 106 and 132R (Statement No. 158)
 FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes Accounting for Uncertainty in Income Taxes Accounting for Income Taxes
 Note 3  Formal Regulatory Supervisory Agreements
   8




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##### 



Note 4  Business Combination
    (in thousands)
    
    March 1, 2006Purchase price
    
    $
    575,793Carrying value of net assets acquired
    
    
    (194,996
    )Excess of purchase price over carrying value of net assets acquired
    
    
    380,797Purchase accounting adjustments:Loans and leases
    
    
    17,466Premises and equipment
    
    
    (202
    )Accrued income and other assets
    
    
    257Deposits
    
    
    748Subordinated notes
    
    
    2,845Deferred federal income tax liability
    
    
    11,838Accrued expenses and other liabilities
    
    
    8,494Goodwill and other intangible assets
    
    
    422,243Less other intangible assets:Core deposit intangible
    
    
    (45,000
    )Other identifiable intangible assets
    
    
    (18,252
    )Other intangible assets
    
    
    (63,252
    )Goodwill
    
    $
    358,991
   9




---



##### 



(in thousands)
    
    March 1, 2006AssetsCash and due from banks
    
    $
    66,544Interest bearing deposits in banks
    
    
    3,096Investment securities
    
    
    300,416Loans and leases
    
    
    1,665,006Allowance for loan and lease losses
    
    
    (22,187
    )Net loans and leases
    
    
    1,642,819Bank owned life insurance
    
    
    48,521Premises and equipment
    
    
    21,603Goodwill
    
    
    358,991Other intangible assets
    
    
    63,252Accrued income and other assets
    
    
    22,012Total assets
    
    
    2,527,254LiabilitiesDeposits
    
    
    1,696,124Short-term borrowings
    
    
    79,140Federal Home Loan Bank advances
    
    
    102,950Subordinated notes
    
    
    23,464Deferred federal income tax liability
    
    
    11,838Accrued expenses and other liabilities
    
    
    37,945Total liabilities
    
    
    1,951,461Purchase price
    
    $
    575,793
  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands, except per share amounts)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Net interest income
    
    $
    255,313
    
    
    $
    259,055
    
    
    $
    772,800
    
    
    $
    770,987Provision for credit losses
    
    
    (14,162
    )
    
    
    (19,364
    )
    
    
    (50,557
    )
    
    
    (55,465
    )Net interest income after provision for credit losses
    
    
    241,151
    
    
    
    239,691
    
    
    
    722,243
    
    
    
    715,522Non-interest income
    
    
    97,910
    
    
    
    167,916
    
    
    
    425,247
    
    
    
    506,490Non-interest expense
    
    
    (242,430
    )
    
    
    (250,680
    )
    
    
    (745,050
    )
    
    
    (793,003
    )Income before income taxes
    
    
    96,631
    
    
    
    156,927
    
    
    
    402,440
    
    
    
    429,009Provision (benefit) for income taxes
    
    
    60,815
    
    
    
    (44,560
    )
    
    
    (27,491
    )
    
    
    (106,581
    )Net income
    
    $
    157,446
    
    
    $
    112,367
    
    
    $
    374,949
    
    
    $
    322,428Net income per common shareBasic
    
    $
    0.66
    
    
    $
    0.44
    
    
    $
    1.55
    
    
    $
    1.26Diluted
    
    
    0.65
    
    
    
    0.43
    
    
    
    1.53
    
    
    
    1.24Average common shares outstandingBasic
    
    
    237,672
    
    
    
    255,135
    
    
    
    242,423
    
    
    
    256,554Diluted
    
    
    240,896
    
    
    
    258,889
    
    
    
    245,566
    
    
    
    260,121
  10




---



##### 



Note 5  Goodwill and Other Intangible Assets
  Regional
    
    Dealer
    
    
    
    
    
    Treasury/
    
    Huntington(in thousands)
    
    Banking
    
    Sales
    
    PFCMG
    
    Other
    
    ConsolidatedBalance, January 1, 2006
    
    $
    199,971
    
    
    $
    
    
    
    $
    12,559
    
    
    $
    
    
    
    $
    212,530Goodwill acquired during the period
    
    
    341,024
    
    
    
    
    
    
    
    17,967
    
    
    
    
    
    
    
    358,991Balance, September 30, 2006
    
    $
    540,995
    
    
    $
    
    
    
    $
    30,526
    
    
    $
    
    
    
    $
    571,521
 Goodwill and Other
Intangible Assets, th
  September 30, 2006Gross
    
    Accumulated
    
    Net(in thousands)
    
    Carrying Amount
    
    Amortization
    
    Carrying ValueOther intangible assets:Leasehold purchased
    
    $
    23,655
    
    
    $
    (19,427
    )
    
    $
    4,228Core deposit intangible
    
    
    45,000
    
    
    
    (5,268
    )
    
    
    39,732Borrower relationship
    
    
    6,570
    
    
    
    (274
    )
    
    
    6,296Trust customers
    
    
    11,430
    
    
    
    (562
    )
    
    
    10,868Other
    
    
    382
    
    
    
    (267
    )
    
    
    115Total other intangible assets
    
    $
    87,037
    
    
    $
    (25,798
    )
    
    $
    61,239
   Amortization(in thousands)
    
    ExpenseFiscal year:2007
    
    $
    9,8152008
    
    
    8,6532009
    
    
    7,7482010
    
    
    6,9492011
    
    
    6,177
 Note 6  Loan Sales and Securitizations
 Automobile loans
  11




---



##### 



Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,(in thousands)
    
    2006
    
    2005
    
    2006
    
    2005Carrying value, beginning of period
    
    $
    8,985
    
    
    $
    14,262
    
    
    $
    10,805
    
    
    $
    20,286New servicing assets
    
    
    1,289
    
    
    
    976
    
    
    
    3,651
    
    
    
    1,308Amortization
    
    
    (1,794
    )
    
    
    (2,754
    )
    
    
    (5,976
    )
    
    
    (9,044
    )Impairment charges
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (66
    )Carrying value, end of period
    
    $
    8,480
    
    
    $
    12,484
    
    
    $
    8,480
    
    
    $
    12,484Fair value, end of period
    
    $
    10,826
    
    
    $
    13,072
    
    
    $
    10,826
    
    
    $
    13,072
  Accounting for Transfers and
Servicing of Financial Assets and Extinguishment of Liabilities
 Residential Mortgage Loans
    Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2006
    
    
    2006Carrying value, beginning of period
    
    
    N/A
    
    
    $
    91,259Cumulative effect in change in accounting principle
    
    
    N/A
    
    
    
    18,631Fair value, beginning of period
    
    $
    136,244
    
    
    
    109,890New servicing assets created
    
    
    8,273
    
    
    
    21,484Servicing assets acquired
    
    
    
    
    
    
    2,474Change in fair value during the period due to:Time decay (1)
    
    
    (1,065
    )
    
    
    (3,049
    )Payoffs (2)
    
    
    (3,419
    )
    
    
    (8,260
    )Changes in valuation inputs or assumptions (3)
    
    
    (10,716
    )
    
    
    6,778Fair value, end of period
    
    $
    129,317
    
    
    $
    129,317
  (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 value change in value resulting primarily from market-driven
changes in interest rates. 12




---



##### 



Decline in fair valuedue to10%
    
    20%adverse
    
    adverse(in thousands)
    
    Actual
    
    change
    
    changeConstant pre-payment rate
    
    
    12.19
    %
    
    $
    (5,711
    )
    
    $
    (11,018
    )Discount rate
    
    
    9.38
    
    
    
    (4,752
    )
    
    
    (9,171
    )
    Three
    
    
    NineMonths Ended
    
    
    Months EndedSeptember 30,
    
    
    September 30,(in thousands)
    
    2005
    
    
    2005Balance, beginning of period
    
    $
    (11,246
    )
    
    $
    (4,775
    )Impairment charges
    
    
    (4,308
    )
    
    
    (15,719
    )Impairment recovery
    
    
    14,765
    
    
    
    19,705Balance, end of period
    
    $
    (789
    )
    
    $
    (789
    )
  Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,(in thousands)
    
    2006
    
    2005
    
    2006
    
    2005Servicing fees
    
    $
    6,077
    
    
    $
    5,532
    
    
    $
    17,997
    
    
    $
    16,390Late fees
    
    
    649
    
    
    
    499
    
    
    
    1,810
    
    
    
    1,508Ancillary fees
    
    
    206
    
    
    
    232
    
    
    
    547
    
    
    
    499Total fee income
    
    $
    6,932
    
    
    $
    6,263
    
    
    $
    20,354
    
    
    $
    18,397
 13




---



##### 



Note 7  Investment Securities
  September 30, 2006
    
    December 31, 2005
    
    September 30, 2005Amortized
    
    
    
    
    
    Amortized
    
    
    
    
    
    Amortized(in thousands)
    
    Cost
    
    Fair Value
    
    Cost
    
    Fair Value
    
    Cost
    
    Fair ValueU.S. TreasuryUnder 1 year
    
    $
    799
    
    
    $
    802
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    1-5 years
    
    
    20,464
    
    
    
    20,479
    
    
    
    23,446
    
    
    
    22,893
    
    
    
    23,951
    
    
    
    23,5016-10 years
    
    
    
    
    
    
    
    
    
    
    753
    
    
    
    782
    
    
    
    249
    
    
    
    260Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total U.S. Treasury
    
    
    21,263
    
    
    
    21,281
    
    
    
    24,199
    
    
    
    23,675
    
    
    
    24,200
    
    
    
    23,761Federal agenciesMortgage backed securitiesUnder 1 year
    
    
    4,091
    
    
    
    4,096
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    8,409
    
    
    
    8,487
    
    
    
    31,058
    
    
    
    30,047
    
    
    
    32,779
    
    
    
    32,1296-10 years
    
    
    1,701
    
    
    
    1,705
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    1,354,964
    
    
    
    1,356,884
    
    
    
    1,278,540
    
    
    
    1,248,975
    
    
    
    1,059,544
    
    
    
    1,035,760Total mortgage-backed Federal agencies
    
    
    1,369,165
    
    
    
    1,371,172
    
    
    
    1,309,598
    
    
    
    1,279,022
    
    
    
    1,092,323
    
    
    
    1,067,889Other agenciesUnder 1 year
    
    
    44,610
    
    
    
    44,610
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    288,744
    
    
    
    288,744
    
    
    
    296,945
    
    
    
    286,754
    
    
    
    535,147
    
    
    
    519,4946-10 years
    
    
    
    
    
    
    
    
    
    
    52,440
    
    
    
    49,712
    
    
    
    73,848
    
    
    
    70,258Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total other Federal agencies
    
    
    333,354
    
    
    
    333,354
    
    
    
    349,385
    
    
    
    336,466
    
    
    
    608,995
    
    
    
    589,752Total Federal agencies
    
    
    1,702,519
    
    
    
    1,704,526
    
    
    
    1,658,983
    
    
    
    1,615,488
    
    
    
    1,701,318
    
    
    
    1,657,641Municipal securitiesUnder 1 year
    
    
    42
    
    
    
    42
    
    
    
    65
    
    
    
    65
    
    
    
    65
    
    
    
    651-5 years
    
    
    9,808
    
    
    
    9,852
    
    
    
    145
    
    
    
    145
    
    
    
    166
    
    
    
    1656-10 years
    
    
    162,659
    
    
    
    162,433
    
    
    
    144,415
    
    
    
    143,597
    
    
    
    134,432
    
    
    
    134,140Over 10 years
    
    
    414,717
    
    
    
    419,356
    
    
    
    400,156
    
    
    
    401,043
    
    
    
    404,542
    
    
    
    405,519Total municipal securities
    
    
    587,226
    
    
    
    591,683
    
    
    
    544,781
    
    
    
    544,850
    
    
    
    539,205
    
    
    
    539,889Private label CMOUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    753,266
    
    
    
    756,009
    
    
    
    402,959
    
    
    
    393,569
    
    
    
    412,003
    
    
    
    404,274Total private label CMO
    
    
    753,266
    
    
    
    756,009
    
    
    
    402,959
    
    
    
    393,569
    
    
    
    412,003
    
    
    
    404,274Asset backed securitiesUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    30,000
    
    
    
    30,061
    
    
    
    31,663
    
    
    
    31,659
    
    
    
    32,970
    
    
    
    32,9706-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    1,365,139
    
    
    
    1,374,535
    
    
    
    1,757,031
    
    
    
    1,757,121
    
    
    
    1,463,760
    
    
    
    1,466,301Total asset backed securities
    
    
    1,395,139
    
    
    
    1,404,596
    
    
    
    1,788,694
    
    
    
    1,788,780
    
    
    
    1,496,730
    
    
    
    1,499,271OtherUnder 1 year
    
    
    3,400
    
    
    
    3,400
    
    
    
    1,700
    
    
    
    1,700
    
    
    
    400
    
    
    
    4001-5 years
    
    
    5,843
    
    
    
    5,813
    
    
    
    10,997
    
    
    
    11,051
    
    
    
    11,604
    
    
    
    11,7746-10 years
    
    
    692
    
    
    
    693
    
    
    
    2,062
    
    
    
    2,063
    
    
    
    1,555
    
    
    
    1,536Over 10 years
    
    
    44
    
    
    
    44
    
    
    
    44
    
    
    
    43
    
    
    
    104,211
    
    
    
    104,460Non-marketable equity securities
    
    
    148,923
    
    
    
    148,923
    
    
    
    89,661
    
    
    
    89,661
    
    
    
    
    
    
    
    Marketable equity securities
    
    
    6,559
    
    
    
    6,933
    
    
    
    55,058
    
    
    
    55,640
    
    
    
    61,545
    
    
    
    61,892Total other
    
    
    165,461
    
    
    
    165,806
    
    
    
    159,522
    
    
    
    160,158
    
    
    
    179,315
    
    
    
    180,062Total investment securities
    
    $
    4,624,874
    
    
    $
    4,643,901
    
    
    $
    4,579,138
    
    
    $
    4,526,520
    
    
    $
    4,352,771
    
    
    $
    4,304,898Duration in years(1)
    
    
    
    
    
    
    3.3
    
    
    
    
    
    
    
    2.8
    
    
    
    
    
    
    
    2.8
 (1)
 14




---



##### 



Note 8  Other Comprehensive Income
  Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,(in thousands)
    
    2006
    
    2005
    
    2006
    
    2005Unrealized gains and losses on investment
securities arising during the period:Unrealized net gains (losses)
    
    $
    69,481
    
    
    $
    (36,215
    )
    
    $
    14,258
    
    
    $
    (27,499
    )Related tax (expense) benefit
    
    
    (24,708
    )
    
    
    12,729
    
    
    
    (5,228
    )
    
    
    9,660Net
    
    
    44,773
    
    
    
    (23,486
    )
    
    
    9,030
    
    
    
    (17,839
    )Reclassification adjustment for net losses (gains) from
sales of investment securities realized during the period:Realized net losses (gains)
    
    
    57,332
    
    
    
    (101
    )
    
    
    57,387
    
    
    
    (715
    )Related tax (benefit) expense
    
    
    (20,066
    )
    
    
    35
    
    
    
    (20,085
    )
    
    
    250Net
    
    
    37,266
    
    
    
    (66
    )
    
    
    37,302
    
    
    
    (465
    )Total unrealized net gains (losses) on investment
securities arising during the period,
net of reclassification of net realized gains and losses
    
    
    82,039
    
    
    
    (23,552
    )
    
    
    46,332
    
    
    
    (18,304
    )Unrealized (losses) gains on cash flow hedging
derivatives arising during the period:Unrealized net (losses) gains
    
    
    (9,034
    )
    
    
    3,743
    
    
    
    12,057
    
    
    
    11,335Related tax benefit (expense)
    
    
    3,162
    
    
    
    (1,310
    )
    
    
    (4,220
    )
    
    
    (3,967
    )Net
    
    
    (5,872
    )
    
    
    2,433
    
    
    
    7,837
    
    
    
    7,368Total other comprehensive income (loss)
    
    $
    76,167
    
    
    $
    (21,119
    )
    
    $
    54,169
    
    
    $
    (10,936
    )
  Unrealized gainsand losses on
    
    
    Unrealized gains on cash
    
    
    Minimuminvestment
    
    
    flow hedging
    
    
    pension(in thousands)
    
    securities
    
    
    derivatives
    
    
    liability
    
    
    TotalBalance, December 31, 2004
    
    $
    (12,683
    )
    
    $
    4,252
    
    
    $
    (2,472
    )
    
    $
    (10,903
    )Period change
    
    
    (18,304
    )
    
    
    7,368
    
    
    
    
    
    
    
    (10,936
    )Balance, September 30, 2005
    
    $
    (30,987
    )
    
    $
    11,620
    
    
    $
    (2,472
    )
    
    $
    (21,839
    )Balance, December 31, 2005
    
    $
    (34,016
    )
    
    $
    15,206
    
    
    $
    (3,283
    )
    
    $
    (22,093
    )Period change
    
    
    46,332
    
    
    
    7,837
    
    
    
    
    
    
    
    54,169Balance, September 30, 2006
    
    $
    12,316
    
    
    $
    23,043
    
    
    $
    (3,283
    )
    
    $
    32,076
 15




---



##### 



Note 9  Earnings per Share
  Three Months Ended
        
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands, except per share amounts)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Net income
    
    $
    157,446
    
    
    $
    108,574
    
    
    $
    373,506
    
    
    $
    311,518Average common shares outstanding
    
    
    237,672
    
    
    
    229,830
    
    
    
    236,790
    
    
    
    231,290Dilutive potential common shares
    
    
    3,224
    
    
    
    3,626
    
    
    
    3,143
    
    
    
    3,437Diluted average common shares outstanding
    
    
    240,896
    
    
    
    233,456
    
    
    
    239,933
    
    
    
    234,727Earnings per shareBasic
    
    $
    0.66
    
    
    $
    0.47
    
    
    $
    1.58
    
    
    $
    1.35Diluted
    
    
    0.65
    
    
    
    0.47
    
    
    
    1.56
    
    
    
    1.33
   Note 10  Share-based Compensation
    Accounting for Stock Issued to Employees
 16




---



##### 



Share-based compensation expenseThree Months Ended
    
    Nine Months Ended(in millions, except per share amounts)
    
    September 30, 2006
    
    September 30, 2006Income before income taxes
    
    $
    (4.9
    )
    
    $
    (13.4
    )Net income
    
    
    (3.2
    )
    
    
    (8.7
    )Earnings per shareBasic
    
    $
    (0.01
    )
    
    $
    (0.04
    )Diluted
    
    
    (0.01
    )
    
    
    (0.04
    )
   Three Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,2006
    
    2005
    
    2006
    
    2005AssumptionsRisk-free interest rate
    
    
    5.11
    %
    
    
    4.05
    %
    
    
    5.09
    %
    
    
    4.05
    %Expected dividend yield
    
    
    4.27
    
    
    
    3.29
    
    
    
    4.26
    
    
    
    3.30Expected volatility of Huntingtons common stock
    
    
    22.2
    
    
    
    26.3
    
    
    
    22.2
    
    
    
    26.3Expected option term (years)
    
    
    6.0
    
    
    
    6.0
    
    
    
    6.0
    
    
    
    6.0Weighted-average grant date fair value per share
    
    $
    4.20
    
    
    $
    5.38
    
    
    $
    4.20
    
    
    $
    5.36
  Three Months Ended
    
    Nine Months Ended(in millions, except per share amounts)
    
    September 30, 2005
    
    September 30, 2005Pro forma resultsNet income, as reported
    
    $
    108.6
    
    
    $
    311.5Pro forma expense, net of tax
    
    
    (2.9
    )
    
    
    (8.7
    )Pro forma net income
    
    $
    105.7
    
    
    $
    302.8Net income per common share:Basic, as reported
    
    $
    0.47
    
    
    $
    1.35Basic, pro forma
    
    
    0.46
    
    
    
    1.31Diluted, as reported
    
    
    0.47
    
    
    
    1.33Diluted, pro forma
    
    
    0.45
    
    
    
    1.29
 17




---



##### 



Weighted-Weighted-
    
    
    AverageAverage
    
    
    Remaining
    
    
    AggregateExercise
    
    
    Contractual
    
    
    Intrinsic(in thousands, except per share amounts)
    
    Options
    
    
    Price
    
    
    Life (Years)
    
    
    ValueOutstanding at January 1, 2006
    
    
    21,004
    
    
    $
    21.11Granted
    
    
    1,463
    
    
    
    23.37Acquired (1)
    
    
    655
    
    
    
    16.56Exercised
    
    
    (1,446
    )
    
    
    17.91Forfeited/expired
    
    
    (433
    )
    
    
    22.58Outstanding at September 30, 2006
    
    
    21,243
    
    
    $
    21.31
    
    
    
    5.1
    
    
    $
    65,411Exercisable at September 30, 2006
    
    
    15,068
    
    
    $
    20.66
    
    
    
    4.7
    
    
    $
    57,578
 (1)
    Weighted-
    
    
    
    
    
    
    Weighted-Average
    
    
    
    
    
    
    AverageGrant Date
    
    
    Restricted
    
    
    Grant DateFair Value
    
    
    Stock
    
    
    Fair Value(in thousands, except per share amounts)
    
    Options
    
    
    Per Share
    
    
    Units
    
    
    Per ShareNonvested at January 1, 2006
    
    
    7,956
    
    
    $
    5.53
    
    
    
    
    
    
    $
    Granted
    
    
    1,459
    
    
    
    4.20
    
    
    
    464
    
    
    
    23.34Acquired (1)
    
    
    19
    
    
    
    4.61
    
    
    
    
    
    
    
    Vested
    
    
    (2,864
    )
    
    
    5.63
    
    
    
    
    
    
    
    Forfeited
    
    
    (395
    )
    
    
    5.49
    
    
    
    (2
    )
    
    
    23.34Nonvested at September 30, 2006
    
    
    6,175
    
    
    $
    5.16
    
    
    
    462
    
    
    $
    23.34
 (1)
   (in thousands, except per share amounts)
    
    Options Outstanding
    
    
    Exercisable OptionsWeighted-Average
    
    
    Weighted-
    
    
    
    
    
    
    Weighted-Remaining
    
    
    Average
    
    
    
    
    
    
    AverageRange of
    
    
    
    
    
    Contractual
    
    
    Exercise
    
    
    
    
    
    
    ExerciseExercise Prices
    
    Shares
    
    
    Life (Years)
    
    
    Price
    
    
    Shares
    
    
    Price$9.91 to $15.00
    
    
    745
    
    
    
    4.9
    
    
    $
    14.21
    
    
    
    745
    
    
    $
    14.21$15.01 to $20.00
    
    
    7,575
    
    
    
    4.8
    
    
    
    18.08
    
    
    
    6,240
    
    
    
    17.68$20.01 to $25.00
    
    
    10,655
    
    
    
    5.8
    
    
    
    22.85
    
    
    
    5,832
    
    
    
    22.13$25.01 to $28.35
    
    
    2,268
    
    
    
    2.3
    
    
    
    27.22
    
    
    
    2,251
    
    
    
    27.23Total
    
    
    21,243
    
    
    
    5.1
    
    
    $
    21.31
    
    
    
    15,068
    
    
    $
    20.66
 18




---



##### 



Note 11  Benefit Plans
   Pension Benefits
    
    
    Post Retirement BenefitsThree Months Ended
    
    
    Three Months EndedSeptember 30,
    
    
    September 30,(in thousands of dollars)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Service cost
    
    $
    4,414
    
    
    $
    3,547
    
    
    $
    383
    
    
    $
    354Interest cost
    
    
    5,539
    
    
    
    4,754
    
    
    
    565
    
    
    
    777Expected return on plan assets
    
    
    (8,518
    )
    
    
    (6,716
    )
    
    
    
    
    
    
    Amortization of transition asset
    
    
    
    
    
    
    (1
    )
    
    
    276
    
    
    
    276Amortization of prior service cost
    
    
    
    
    
    
    
    
    
    
    95
    
    
    
    95Settlements
    
    
    1,000
    
    
    
    750
    
    
    
    
    
    
    
    Recognized net actuarial loss
    
    
    4,377
    
    
    
    2,672
    
    
    
    (181
    )
    
    
    Benefit expense
    
    $
    6,812
    
    
    $
    5,006
    
    
    $
    1,138
    
    
    $
    1,502
 Pension Benefits
    
    
    Post Retirement BenefitsNine Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,(in thousands of dollars)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Service cost
    
    $
    13,137
    
    
    $
    10,639
    
    
    $
    1,103
    
    
    $
    1,060Interest cost
    
    
    16,617
    
    
    
    14,259
    
    
    
    1,695
    
    
    
    2,333Expected return on plan assets
    
    
    (25,057
    )
    
    
    (19,526
    )
    
    
    
    
    
    
    Amortization of transition asset
    
    
    
    
    
    
    (3
    )
    
    
    828
    
    
    
    828Amortization of prior service cost
    
    
    1
    
    
    
    1
    
    
    
    285
    
    
    
    284Settlements
    
    
    3,000
    
    
    
    2,250
    
    
    
    
    
    
    
    Recognized net actuarial loss
    
    
    13,131
    
    
    
    8,017
    
    
    
    (543
    )
    
    
    Benefit expense
    
    $
    20,829
    
    
    $
    15,637
    
    
    $
    3,368
    
    
    $
    4,505
    19




---



##### 



Note 12  Commitments and Contingent Liabilities
 Commitments to extend credit :
  September 30,
    
    December 31,
    
    September 30,(in millions)
    
    2006
    
    2005
    
    2005Contract amount represents credit riskCommitments to extend creditCommercial
    
    $
    4,265
    
    
    $
    3,316
    
    
    $
    3,088Consumer
    
    
    3,336
    
    
    
    3,046
    
    
    
    3,021Commercial real estate
    
    
    1,752
    
    
    
    1,567
    
    
    
    1,455Standby letters of credit
    
    
    1,136
    
    
    
    1,079
    
    
    
    959Commercial letters of credit
    
    
    45
    
    
    
    47
    
    
    
    43
    Commitments to sell loans:
   Income
tax item:
  Litigation:
  20




---



##### 



Note 13  Derivative Financial Instruments
    Asset and Liability Management
    21




---



##### 



Average
    
    
    
    
    
    
    Weighted-AverageNotional
    
    
    Maturity
    
    
    Fair
    
    
    Rate(in thousands )
    
    Value
    
    
    (years)
    
    
    Value
    
    
    Receive
    
    
    PayLiability conversion swapsReceive fixed  generic
    
    $
    825,000
    
    
    
    9.7
    
    
    $
    (12,629
    )
    
    
    5.27
    %
    
    
    5.63
    %Receive fixed  callable
    
    
    665,000
    
    
    
    6.4
    
    
    
    (19,682
    )
    
    
    4.50
    
    
    
    5.35Pay fixed  generic
    
    
    490,000
    
    
    
    3.1
    
    
    
    1,055
    
    
    
    5.35
    
    
    
    5.04Total liability conversion swaps
    
    
    1,980,000
    
    
    
    7.0
    
    
    
    (31,256
    )
    
    
    5.03
    %
    
    
    5.39
    %
  AverageNotional
    
    
    
    Maturity
    
    
    
    Fair
    
    

    Weighted-Average(in thousands)
    
    
    Value
    
    
    
    (years)
    
    
    
    Value
    
    
    Strike RateInterest
rate caps-purchased
    
    
    500,000
    
    
    
    2.3
    
    
    
    2,913
    
    
    
    5.43
    Fair Value
    
    
    Cash Flow(in thousands )
    
    Hedges
    
    
    Hedges
    
    
    TotalInstruments associated with:Deposits
    
    $
    690,000
    
    
    $
    600,000
    
    
    $
    1,290,000Federal Home Loan Bank advances
    
    
    
    
    
    
    325,000
    
    
    
    325,000Subordinated notes
    
    
    750,000
    
    
    
    
    
    
    
    750,000Other long-term debt
    
    
    50,000
    
    
    
    65,000
    
    
    
    115,000Total notional value at September 30, 2006
    
    $
    1,490,000
    
    
    $
    990,000
    
    
    $
    2,480,000
  Derivatives Used in Mortgage Banking Activities
  22




---



##### 



At September 30,(in thousands)
    
    2006
    
    
    2005Derivative assets:Interest rate lock agreements
    
    $
    626
    
    
    $
    723Forward trades and options
    
    
    82
    
    
    
    1,732Total derivative assets
    
    
    708
    
    
    
    2,455Derivative liabilities:Interest rate lock agreements
    
    
    (347
    )
    
    
    (1,314
    )Forward trades and options
    
    
    (3,003
    )
    
    
    (235
    )Total derivative liabilities
    
    
    (3,350
    )
    
    
    (1,549
    )Net derivative asset (liability)
    
    $
    (2,642
    )
    
    $
    906
 Accounting for Derivative Instruments and Hedging Activities. .
 Derivatives Used in Trading Activities
    23




---



##### 



Note 14  Shareholders Equity
 Share Repurchase Program:
     Note 15  Segment Reporting
   Regional Banking:
 24




---



##### 



Dealer Sales:
 Private Financial and Capital Markets Group (PFCMG):
 Treasury / Other:
 Use of Operating Earnings to Measure Segment Performance
  25




---



##### 



Three Months Ended September 30,Income Statements
    
    Regional
    
    Dealer
    
    
    
    
    
    Treasury/
    
    Huntington(in thousands of dollars)
    
    Banking
    
    Sales
    
    PFCMG
    
    Other
    
    Consolidated2006Net interest income
    
    $
    224,157
    
    
    $
    32,540
    
    
    $
    19,356
    
    
    $
    (20,740
    )
    
    $
    255,313Provision for credit losses
    
    
    (10,286
    )
    
    
    (2,652
    )
    
    
    (1,224
    )
    
    
    
    
    
    
    (14,162
    )Non-interest income
    
    
    89,353
    
    
    
    20,286
    
    
    
    36,475
    
    
    
    (48,204
    )
    
    
    97,910Non-interest expense
    
    
    (163,709
    )
    
    
    (24,813
    )
    
    
    (35,328
    )
    
    
    (18,580
    )
    
    
    (242,430
    )Income taxes
    
    
    (48,830
    )
    
    
    (8,876
    )
    
    
    (6,748
    )
    
    
    125,269
    
    
    
    60,815Operating / reported net income
    
    $
    90,685
    
    
    $
    16,485
    
    
    $
    12,531
    
    
    $
    37,745
    
    
    $
    157,4462005Net interest income
    
    $
    197,270
    
    
    $
    35,816
    
    
    $
    18,559
    
    
    $
    (10,008
    )
    
    $
    241,637Provision for credit losses
    
    
    (10,888
    )
    
    
    (5,488
    )
    
    
    (1,323
    )
    
    
    
    
    
    
    (17,699
    )Non-interest income
    
    
    80,930
    
    
    
    38,483
    
    
    
    34,258
    
    
    
    7,069
    
    
    
    160,740Non-interest expense
    
    
    (145,172
    )
    
    
    (43,264
    )
    
    
    (32,789
    )
    
    
    (11,827
    )
    
    
    (233,052
    )Income taxes
    
    
    (42,749
    )
    
    
    (8,941
    )
    
    
    (6,547
    )
    
    
    15,185
    
    
    
    (43,052
    )Operating / reported net income
    
    $
    79,391
    
    
    $
    16,606
    
    
    $
    12,158
    
    
    $
    419
    
    
    $
    108,574
 Nine Months Ended September 30,Income Statements
    
    Regional
    
    Dealer
    
    
    
    
    
    Treasury/
    
    Huntington(in thousands of dollars)
    
    Banking
    
    Sales
    
    PFCMG
    
    Other
    
    Consolidated2006Net interest income
    
    $
    659,710
    
    
    $
    102,155
    
    
    $
    54,962
    
    
    $
    (55,639
    )
    
    $
    761,188Provision for credit losses
    
    
    (35,520
    )
    
    
    (9,465
    )
    
    
    (4,462
    )
    
    
    
    
    
    
    (49,447
    )Non-Interest income
    
    
    259,904
    
    
    
    68,794
    
    
    
    116,508
    
    
    
    (24,743
    )
    
    
    420,463Non-Interest expense
    
    
    (483,102
    )
    
    
    (84,696
    )
    
    
    (104,155
    )
    
    
    (61,251
    )
    
    
    (733,204
    )Income taxes
    
    
    (140,347
    )
    
    
    (26,875
    )
    
    
    (21,999
    )
    
    
    163,727
    
    
    
    (25,494
    )Operating / reported net income
    
    $
    260,645
    
    
    $
    49,913
    
    
    $
    40,854
    
    
    $
    22,094
    
    
    $
    373,5062005Net interest income
    
    $
    576,068
    
    
    $
    110,586
    
    
    $
    54,959
    
    
    $
    (22,878
    )
    
    $
    718,735Provision for credit losses
    
    
    (31,923
    )
    
    
    (16,887
    )
    
    
    (1,658
    )
    
    
    
    
    
    
    (50,468
    )Non-Interest income
    
    
    228,350
    
    
    
    137,712
    
    
    
    99,386
    
    
    
    19,512
    
    
    
    484,960Non-Interest expense
    
    
    (442,127
    )
    
    
    (148,352
    )
    
    
    (99,039
    )
    
    
    (49,947
    )
    
    
    (739,465
    )Income taxes
    
    
    (115,629
    )
    
    
    (29,070
    )
    
    
    (18,777
    )
    
    
    61,232
    
    
    
    (102,244
    )Operating / reported net income
    
    $
    214,739
    
    
    $
    53,989
    
    
    $
    34,871
    
    
    $
    7,919
    
    
    $
    311,518
 Assets at
    
    
    Deposits atBalance Sheets
    
    September 30,
    
    
    December 31,
    
    
    September 30,
    
    
    September 30,
    
    
    December 31,
    
    
    September 30,(in millions of dollars)
    
    2006
    
    
    2005
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2005Regional Banking
    
    $
    21,110
    
    
    $
    18,850
    
    
    $
    18,966
    
    
    $
    20,301
    
    
    $
    17,957
    
    
    $
    17,842Dealer Sales
    
    
    5,257
    
    
    
    5,613
    
    
    
    5,724
    
    
    
    59
    
    
    
    65
    
    
    
    72PFCMG
    
    
    2,174
    
    
    
    2,010
    
    
    
    2,033
    
    
    
    1,145
    
    
    
    1,180
    
    
    
    1,200Treasury / Other
    
    
    7,121
    
    
    
    6,292
    
    
    
    6,040
    
    
    
    3,233
    
    
    
    3,208
    
    
    
    3,235Total
    
    $
    35,662
    
    
    $
    32,765
    
    
    $
    32,763
    
    
    $
    24,738
    
    
    $
    22,410
    
    
    $
    22,349
 26