| Ohio                                                          | 31-1356967                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |

| Large accelerated filer  ̈                                        | Accelerated filer  ̈         |
|-----------------------------------------------------------------------|----------------------------------|
| Non-accelerated filer x (Do not check if a smaller reporting company) | Smaller reporting company  ̈ |

----

| PART 1.    | FINANCIAL INFORMATION                                                                                      |   |
|------------|------------------------------------------------------------------------------------------------------------|--------|
|       |                                                                                                       |   |
| Item 1.    | Financial Statements (Unaudited)                                                                           |   |
|       |                                                                                                       |   |
|       | Condensed Balance Sheets at March 31, 2011, December 31, 2010, and March 31, 2010                          | 4      |
|       |                                                                                                       |   |
|       | Condensed Statements of Income for the three months ended March 31, 2011 and 2010                          | 5      |
|       |                                                                                                       |   |
|       | Condensed Statements of Changes in Shareholders' Equity for the three months ended March 31, 2011 and 2010 | 6      |
|       |                                                                                                       |   |
|       | Condensed Statements of Cash Flows for the three months ended March 31, 2011 and 2010                      | 7      |
|       |                                                                                                       |   |
|       | Notes to Unaudited Condensed Financial Statements                                                          | 8      |
|       |                                                                                                       |   |
| Item 2.    | Management's Discussion and Analysis of Financial Condition and Results of Operations                      | 20     |
|       |                                                                                                       |   |
| Item 3.    | Quantitative and Qualitative Disclosures about Market Risk                                                 | 28     |
|       |                                                                                                       |   |
| Item 4.    | Controls and Procedures                                                                                    | 28     |
|       |                                                                                                       |   |
| PART II.   | OTHER INFORMATION                                                                                          |   |
|       |                                                                                                       |   |
| Item 6.    | Exhibits                                                                                                   | 29     |
|       |                                                                                                       |   |
| Signatures |                                                                                                       | 30     |

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| ACL            |   | Allowance for Credit Losses                                                                                                                                                                                               |
|----------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Agreements     |   | Third Amended and Restated Loan Participation Agreement, dated May 12, 2005, between the Bank and HPCI and the Third Amended and Restated Loan Subparticipation Agreement, dated May 12, 2005, between Holdings and HPCI. |
| ALPL           |   | Allowance for Loan Participation Losses                                                                                                                                                                                   |
| ASC            |   | Accounting Standards Codification                                                                                                                                                                                         |
| ASU            |   | Accounting Standards Update                                                                                                                                                                                               |
| AULPC          |   | Allowance for Unfunded Loan Participation Commitments                                                                                                                                                                     |
| Bank           |   | The Huntington National Bank                                                                                                                                                                                              |
| C&I        |   | Commercial and Industrial                                                                                                                                                                                                 |
| CAP            |   | Capital Assistance Program                                                                                                                                                                                                |
| CFPB           |   | Bureau of Consumer Financial Protection                                                                                                                                                                                   |
| Codification   |   | FASB Accounting Standards Codification                                                                                                                                                                                    |
| the Company    |   | (see HPCI)                                                                                                                                                                                                                |
| CPP            |   | Capital Purchase Program                                                                                                                                                                                                  |
| CRE            |   | Commercial Real Estate                                                                                                                                                                                                    |
| Dodd-Frank Act |   | Dodd-Frank Wall Street Reform and Consumer Protection Act                                                                                                                                                                 |
| Exchange Act   |   | Securities Exchange Act of 1934, as amended                                                                                                                                                                               |
| Fannie Mae     |   | (see FNMA)                                                                                                                                                                                                                |
| FASB           |   | Financial Accounting Standards Board                                                                                                                                                                                      |
| FFO            |   | Funds from Operations                                                                                                                                                                                                     |
| FHLB           |   | Federal Home Loan Bank                                                                                                                                                                                                    |
| FHLMC          |   | Federal Home Loan Mortgage Corporation                                                                                                                                                                                    |
| FICO           |   | Fair Isaac Corporation                                                                                                                                                                                                    |
| Form 10-K      |   | HPCI's Annual Report on Form 10-K for the year ended December 31, 2010                                                                                                                                                    |
| FNMA           |   | Federal National Mortgage Association                                                                                                                                                                                     |
| Franklin       |   | Franklin Credit Management Corporation                                                                                                                                                                                    |
| Freddie Mac    |   | (see FHLMC)                                                                                                                                                                                                               |
| GAAP           |   | Generally Accepted Accounting Principles in the United States of America                                                                                                                                                  |
| Holdings       |   | Huntington Preferred Capital Holdings, Inc.                                                                                                                                                                               |
| HPCI           |   | Huntington Preferred Capital, Inc.                                                                                                                                                                                        |
| HPCII          |   | Huntington Preferred Capital II, Inc.                                                                                                                                                                                     |
| Huntington     |   | Huntington Bancshares Incorporated                                                                                                                                                                                        |
| IRC            |   | Internal Revenue Code                                                                                                                                                                                                     |
| IRS            |   | Internal Revenue Service                                                                                                                                                                                                  |
| LGD            |   | Loss Given Default                                                                                                                                                                                                        |
| LIBOR          |   | London Interbank Offered Rate                                                                                                                                                                                             |
| LTV            |   | Loan to Value                                                                                                                                                                                                             |
| MD&A       |   | Management's Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                     |
| NCO            |   | Net Charge-off                                                                                                                                                                                                            |
| NPAs           |   | Nonperforming Assets                                                                                                                                                                                                      |
| OCC            |   | Office of the Comptroller of the Currency                                                                                                                                                                                 |
| OLEM           |   | Other Loans Especially Mentioned                                                                                                                                                                                          |
| PD             |   | Probability of Default                                                                                                                                                                                                    |
| RBC            |   | Risk-Based Capital                                                                                                                                                                                                        |
| REIT           |   | Real Estate Investment Trust                                                                                                                                                                                              |
| ROA            |   | Return on Average Assets                                                                                                                                                                                                  |
| ROE            |   | Return on Average Equity                                                                                                                                                                                                  |
| SAD            |   | Special Assets Division                                                                                                                                                                                                   |
| SEC            |   | Securities and Exchange Commission                                                                                                                                                                                        |
| TARP           |   | Troubled Asset Relief Program                                                                                                                                                                                             |
| TARP Capital   |   | Series B Preferred Stock Issued by Huntington                                                                                                                                                                             |
| TDR            |   | Troubled Debt Restructuring                                                                                                                                                                                               |
| Treasury       |   | U.S. Department of the Treasury                                                                                                                                                                                           |

----

----

|                                                                                                                                                                                                    |   | March 31, |      |   | December 31, |   |      | March 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|-----------|--------|-------------------|--------|-----------|----------------|--------|
| (dollar amounts in thousands, except share data)                                                                                                                                                        |   | 2011           |      |   | 2010              |   |      | 2010           |   |
| Assets:                                                                                                                                                                                                 |   |           |      |   |              |   |      |           |   |
| Cash and interest-bearing deposits with The Huntington National Bank                                                                                                                                    |   | $              | 210,113   |   |              | $      | 638,220   |           |   | $ | 262,542 |   |
| Due from The Huntington National Bank                                                                                                                                                                   |   |           | 34,372    |   |              |   | 61,816    |           |   |   | 99,892 |   |
| Loan participation interests:                                                                                                                                                                           |   |           |      |   |              |   |      |           |   |   |   |   |
| Commercial real estate                                                                                                                                                                                  |   |           | 2,974,096 |   |              |   | 2,949,711 |           |   |   | 3,051,953 |   |
| Consumer and residential real estate                                                                                                                                                                    |   |           | 528,605   |   |              |   | 563,407   |           |   |   | 702,756 |   |
| Total loan participation interests                                                                                                                                                                      |   |           | 3,502,701 |   |              |   | 3,513,118 |           |   |   | 3,754,709 |   |
| Allowance for loan participation losses                                                                                                                                                                 |   |           | (95,866   | )      |              |   | (110,103  | )              |   |   | (158,963 | ) |
| Net loan participation interests                                                                                                                                                                        |   |           | 3,406,835 |   |              |   | 3,403,015 |           |   |   | 3,595,746 |   |
| Accrued income and other assets                                                                                                                                                                         |   |           | 10,338    |   |              |   | 9,739     |           |   |   | 10,335 |   |
| Total assets                                                                                                                                                                                            |   | $              | 3,661,658 |   |              | $      | 4,112,790 |           |   | $ | 3,968,515 |   |
|                                                                                                                                                                                                    |   |           |      |   |              |   |      |           |   |   |   |   |
| Liabilities and shareholders' equity                                                                                                                                                                    |   |           |      |   |              |   |      |           |   |   |   |   |
| Liabilities:                                                                                                                                                                                            |   |           |      |   |              |   |      |           |   |   |   |   |
| Allowance for unfunded loan participation commitments                                                                                                                                                   |   | $              | 1,583     |   |              | $      | 1,598     |           |   | $ | 1,562 |   |
| Dividends and distributions payable                                                                                                                                                                     |   |           | 383       |   |              |   | 500,000   |           |   |   | 334 |   |
| Other liabilities                                                                                                                                                                                       |   |           | 67        |   |              |   | 76        |           |   |   | 45 |   |
| Total liabilities                                                                                                                                                                                       |   |           | 2,033     |   |              |   | 501,674   |           |   |   | 1,941 |   |
|                                                                                                                                                                                                    |   |           |      |   |              |   |      |           |   |   |   |   |
| Shareholders' equity:                                                                                                                                                                                   |   |           |      |   |              |   |      |           |   |   |   |   |
| Preferred securities, Class A, 8.000% noncumulative, non- exchangeable; $1,000 par and liquidation value per share; 1,000 shares authorized, issued and outstanding                                     |   |           | 1,000     |   |              |   | 1,000     |           |   |   | 1,000 |   |
| Preferred securities, Class B, variable-rate noncumulative and conditionally exchangeable; $1,000 par and liquidation value per share; authorized 500,000 shares; 400,000 shares issued and outstanding |   |           | 400,000   |   |              |   | 400,000   |           |   |   | 400,000 |   |
| Preferred securities, Class C, 7.875% noncumulative and conditionally exchangeable; $25 par and liquidation value; 2,000,000 shares authorized, issued, and outstanding                                 |   |           | 50,000    |   |              |   | 50,000    |           |   |   | 50,000 |   |
| Preferred securities, Class D, variable-rate noncumulative and conditionally exchangeable; $25 par and liquidation value; 14,000,000 shares authorized, issued, and outstanding                         |   |           | —   |   |              |   | —   |           |   |   | 350,000 |   |
| Preferred securities, Class E, variable-rate noncumulative and conditionally exchangeable; $250 par and liquidation value; 1,400,000 shares authorized, issued, and outstanding                         |   |           | 350,000   |   |              |   | 350,000   |           |   |   | — |   |
| Preferred securities, $25 par, 10,000,000 shares authorized; no shares issued or outstanding                                                                                                            |   |           | —   |   |              |   | —   |           |   |   | — |   |
| Common stock - without par value; 14,000,000 shares authorized, issued and outstanding                                                                                                                  |   |           | 2,810,116 |   |              |   | 2,810,116 |           |   |   | 3,160,217 |   |
| Retained earnings                                                                                                                                                                                       |   |           | 48,509    |   |              |   | —   |           |   |   | 5,357 |   |
| Total shareholders' equity                                                                                                                                                                              |   |           | 3,659,625 |   |              |   | 3,611,116 |           |   |   | 3,966,574 |   |
| Total liabilities and shareholders' equity                                                                                                                                                              |   | $              | 3,661,658 |   |              | $      | 4,112,790 |           |   | $ | 3,968,515 |   |

----

----

|                                                                       |   | Three Months Ended |    |
|----------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                       |   | March 31,               |    |
| (dollar amounts in thousands)                                              |   | 2011                         |    |   | 2010 |   |
| Interest and fee income                                                    |   |                         |    |   |   |   |
| Interest on loan participation interests:                                  |   |                         |    |   |   |   |
| Commercial real estate                                                     |   | $                            | 27,356  |   |   | $ | 26,561 |   |
| Consumer and residential real estate                                       |   |                         | 8,830   |   |   |   | 11,606 |   |
| Total loan participation interest income                                   |   |                         | 36,186  |   |   |   | 38,167 |   |
| Fees from loan participation interests                                     |   |                         | 369     |   |   |   | 491 |   |
| Interest on deposits with The Huntington National Bank                     |   |                         | 156     |   |   |   | 159 |   |
| Total interest and fee income                                              |   |                         | 36,711  |   |   |   | 38,817 |   |
|                                                                       |   |                         |    |   |   |   |   |   |
| Provision (reduction in allowance) for credit losses                       |   |                         | (16,365 | ) |   |   | 607 |   |
|                                                                       |   |                         |    |   |   |   |   |   |
| Interest income after provision (reduction in allowance) for credit losses |   |                         | 53,076  |   |   |   | 38,210 |   |
|                                                                       |   |                         |    |   |   |   |   |   |
| Noninterest income:                                                        |   |                         |    |   |   |   |   |   |
| Rental income                                                              |   |                         | 18      |   |   |   | 17 |   |
| Collateral fees                                                            |   |                         | 420     |   |   |   | 556 |   |
| Total noninterest income                                                   |   |                         | 438     |   |   |   | 573 |   |
|                                                                       |   |                         |    |   |   |   |   |   |
| Noninterest expense:                                                       |   |                         |    |   |   |   |   |   |
| Servicing costs                                                            |   |                         | 1,787   |   |   |   | 2,117 |   |
| Other                                                                      |   |                         | 164     |   |   |   | 163 |   |
| Total noninterest expense                                                  |   |                         | 1,951   |   |   |   | 2,280 |   |
|                                                                       |   |                         |    |   |   |   |   |   |
| Net income                                                                 |   | $                            | 51,563  |   |   | $ | 36,503 |   |
|                                                                       |   |                         |    |   |   |   |   |   |
| Dividends declared on preferred securities                                 |   |                         | (3,054  | ) |   |   | (2,963 | ) |
|                                                                       |   |                         |    |   |   |   |   |   |
| Net income applicable to common shares(1)                                  |   | $                            | 48,509  |   |   | $ | 33,540 |   |

----

----

|                                      |   | Preferred, Class A |   |   | Preferred, Class B |   |   | Preferred, Class C |   |
|-------------------------------------------|--------|------------------------------|--------|--------|------------------------------|--------|--------|------------------------------|--------|
| (all amounts in thousands) |   | Shares                       |   |   | Amount                       |   |   | Shares                       |   |   | Amount |   |   | Shares |   |   | Amount |   |
|                                      |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |
| Three Months Ended March 31, 2010:        |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |
|                                      |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period              |   |                         | 1      |   |                         | $      | 1,000  |                         |   |   | 400 |   |   | $ | 400,000 |   |   |   | 2,000 |   |   | $ | 50,000 |   |
| Comprehensive Income:                     |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive income                |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, end of period                    |   |                         | 1      |   |                         | $      | 1,000  |                         |   |   | 400 |   |   | $ | 400,000 |   |   |   | 2,000 |   |   | $ | 50,000 |   |
|                                      |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Three Months Ended March 31, 2011:        |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period              |   |                         | 1      |   |                         | $      | 1,000  |                         |   |   | 400 |   |   | $ | 400,000 |   |   |   | 2,000 |   |   | $ | 50,000 |   |
| Comprehensive Income:                     |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive income                |   |                         |   |   |                         |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, end of period                    |   |                         | 1      |   |                         | $      | 1,000  |                         |   |   | 400 |   |   | $ | 400,000 |   |   |   | 2,000 |   |   | $ | 50,000 |   |

|                                          |   | Preferred, Class D |    |   | Preferred, Class E |   |    | Preferred |   |   | Common  |   |   | Retained |    |   |   |   |
|----------------------------------------------------|--------|------------------------------|---------|--------|------------------------------|--------|---------|-----------|--------|--------|---------|--------|--------|----------|---------|--------|--------|--------|
| (all amounts in thousands)          |   | Shares                       |    |   | Amount                       |   |    | Shares    |   |   | Amount  |   |   | Shares   |    |   | Amount |   |   | Shares |   |   | Amount |   |   | Earnings |   |   | Total |   |
|                                               |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Three Months Ended March 31, 2010:                 |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period                       |   |                         | 14,000  |   |                         | $      | 350,000 |      |   |   | — |   |   | $        | — |   |   |   | — |   |   | $ | — |   |   |   | 14,000 |   |   | $ | 3,160,217 |   |   | $ | (28,183 | ) |   | $ | 3,933,034 |   |
| Comprehensive Income:                              |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                         |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 36,503 |   |   |   | 36,503 |   |
| Total comprehensive income                         |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 36,503 |   |
| Dividends declared on Class A preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (80 | ) |   |   | (80 | ) |
| Dividends declared on Class B preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (254 | ) |   |   | (254 | ) |
| Dividends declared on Class C preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (984 | ) |   |   | (984 | ) |
| Dividends declared on Class D preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,645 | ) |   |   | (1,645 | ) |
| Conversion of shares                               |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, end of period                             |   |                         | 14,000  |   |                         | $      | 350,000 |      |   |   | — |   |   | $        | — |   |   |   | — |   |   | $ | — |   |   |   | 14,000 |   |   | $ | 3,160,217 |   |   | $ | 5,357 |   |   | $ | 3,966,574 |   |
|                                               |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Three Months Ended March 31, 2011:                 |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period                       |   |                         | — |   |                         | $      | — |      |   |   | 1,400   |   |   | $        | 350,000 |   |   |   | — |   |   | $ | — |   |   |   | 14,000 |   |   | $ | 2,810,116 |   |   | $ | — |   |   | $ | 3,611,116 |   |
| Comprehensive Income:                              |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                         |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 51,563 |   |   |   | 51,563 |   |
| Total comprehensive income                         |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 51,563 |   |
| Dividends declared on Class A preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (80 | ) |   |   | (80 | ) |
| Dividends declared on Class B preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (303 | ) |   |   | (303 | ) |
| Dividends declared on Class C preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (984 | ) |   |   | (984 | ) |
| Dividends declared on Class E preferred securities |   |                         |    |   |                         |   |    |      |   |   |    |   |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,687 | ) |   |   | (1,687 | ) |
| Balance, end of period                             |   |                         | — |   |                         | $      | — |      |   |   | 1,400   |   |   | $        | 350,000 |   |   |   | — |   |   | $ | — |   |   |   | 14,000 |   |   | $ | 2,810,116 |   |   | $ | 48,509 |   |   | $ | 3,659,625 |   |

----

----

|                                                                              |   | Three Months Ended |     |
|-----------------------------------------------------------------------------------|--------|------------------------------|----------|
|                                                                              |   | March 31,               |     |
| (dollar amounts in thousands)                                                     |   | 2011                         |     |   | 2010 |   |
|                                                                              |   |                         |     |   |   |   |
| Operating activities                                                              |   |                         |     |   |   |   |
| Net income                                                                        |   | $                            | 51,563   |   |   | $ | 36,503 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |                         |     |   |   |   |   |   |
| Provision (reduction in allowance) for credit losses                              |   |                         | (16,365  | ) |   |   | 607 |   |
| Change in due to/from The Huntington National Bank                                |   |                         | 823      |   |   |   | 323 |   |
| Other, net                                                                        |   |                         | (280     | ) |   |   | 403 |   |
| Net cash provided by (used for) operating activities                              |   |                         | 35,741   |   |   |   | 37,836 |   |
|                                                                              |   |                         |     |   |   |   |   |   |
| Investing activities                                                              |   |                         |     |   |   |   |   |   |
| Net participation interests acquired                                              |   |                         | (523,169 | ) |   |   | (388,992 | ) |
| Sales and repayments of loans underlying participation interests                  |   |                         | 561,992  |   |   |   | 400,664 |   |
| Net cash provided by (used for) investing activities                              |   |                         | 38,823   |   |   |   | 11,672 |   |
|                                                                              |   |                         |     |   |   |   |   |   |
| Financing activities                                                              |   |                         |     |   |   |   |   |   |
| Dividends paid on preferred securities                                            |   |                         | (2,671   | ) |   |   | (2,629 | ) |
| Dividends paid on common stock                                                    |   |                         | (149,899 | ) |   |   | — |   |
| Return of capital to common shareholders                                          |   |                         | (350,101 | ) |   |   | (500,000 | ) |
| Net cash provided by (used for) financing activities                              |   |                         | (502,671 | ) |   |   | (502,629 | ) |
|                                                                              |   |                         |     |   |   |   |   |   |
| Increase (decrease) in cash and cash equivalents                                  |   |                         | (428,107 | ) |   |   | (453,121 | ) |
| Cash and cash equivalents at beginning of period                                  |   |                         | 638,220  |   |   |   | 715,663 |   |
| Cash and cash equivalents at end of period                                        |   | $                            | 210,113  |   |   | $ | 262,542 |   |
|                                                                              |   |                         |     |   |   |   |   |   |
| Supplemental information:                                                         |   |                         |     |   |   |   |   |   |
| Dividends and distributions declared, not paid                                    |   | $                            | 383      |   |   | $ | 334 |   |
| Non-cash change in loan participation activity with The Huntington National Bank  |   |                         | (26,621  | ) |   |   | 108,855 |   |

----

----

|                                         |   | March 31, |      |   | December 31, |   |      | March 31, |   |
|----------------------------------------------|--------|----------------|-----------|--------|-------------------|--------|-----------|----------------|--------|
| (dollar amounts in thousands) |   | 2011           |      |   | 2010              |   |      | 2010           |   |
|                                         |   |           |      |   |              |   |      |           |   |
| Commercial real estate                       |   | $              | 2,974,096 |   |              | $      | 2,949,711 |           |   | $ | 3,051,953 |   |
| Consumer and residential real estate         |   |           | 528,605   |   |              |   | 563,407   |           |   |   | 702,756 |   |
| Total loan participation interests           |   | $              | 3,502,701 |   |              | $      | 3,513,118 |           |   | $ | 3,754,709 |   |

|                                       |   | March 31, |   |   | December 31, |   |
|--------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| (dollar amounts in millions)               |   | 2011           |   |   | 2010              |   |
|                                       |   |           |   |   |              |   |
| Commercial real estate:                    |   |           |   |   |              |   |
| Industrial and warehouse                   |   | $              | 6      |   |              | $      | 7 |   |
| Retail properties                          |   |           | 9      |   |              |   | 14 |   |
| Office                                     |   |           | 3      |   |              |   | 3 |   |
| Multi family                               |   |           | 2      |   |              |   | 1 |   |
| Other commercial real estate               |   |           | 21     |   |              |   | 29 |   |
| Total commercial real estate               |   | $              | 41     |   |              | $      | 54 |   |
|                                       |   |           |   |   |              |   |   |   |
| Consumer and residential real estate:      |   |           |   |   |              |   |   |   |
| Secured by first-lien                      |   | $              | 3      |   |              | $      | 4 |   |
| Secured by second-lien                     |   |           | 1      |   |              |   | 1 |   |
| Total consumer and residential real estate |   | $              | 4      |   |              | $      | 5 |   |
| Total nonaccrual loans                     |   | $              | 45     |   |              | $      | 59 |   |

----

| March 31, 2011                    |   |
|---------------------------------------------|--------|
| (dollar amounts in millions) |   | Past Due |   |   | Current |   |   | Total LoanParticipationInterests |   |   | 90 or more dayspast due andaccruing |   |
|                                        |   | 30-59 Days |   |   | 60-89 Days |   |   | 90 or more days |   |   | Total |   |
| Commercial real estate:                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Industrial and warehouse                    |   | $ | 1 |   |   | $ | — |   |   | $ | 4 |   |   | $ | 5 |   |   | $ | 671 |   |   | $ | 676 |   |   | $ | — |   |
| Retail properties                           |   |   | — |   |   |   | 2 |   |   |   | 8 |   |   |   | 10 |   |   |   | 583 |   |   |   | 593 |   |   |   | — |   |
| Office                                      |   |   | 13 |   |   |   | — |   |   |   | 2 |   |   |   | 15 |   |   |   | 520 |   |   |   | 535 |   |   |   | — |   |
| Multi family                                |   |   | 1 |   |   |   | 1 |   |   |   | 1 |   |   |   | 3 |   |   |   | 229 |   |   |   | 232 |   |   |   | — |   |
| Other commercial real estate                |   |   | 3 |   |   |   | 2 |   |   |   | 19 |   |   |   | 24 |   |   |   | 914 |   |   |   | 938 |   |   |   | — |   |
| Total commercial real estate                |   | $ | 18 |   |   | $ | 5 |   |   | $ | 34 |   |   | $ | 57 |   |   | $ | 2,917 |   |   | $ | 2,974 |   |   | $ | — |   |
|                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer and residential real estate:       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Secured by first-lien                       |   | $ | 9 |   |   | $ | 2 |   |   | $ | 6 |   |   | $ | 17 |   |   | $ | 360 |   |   | $ | 377 |   |   | $ | 2 |   |
| Secured by second-lien                      |   |   | 4 |   |   |   | 1 |   |   |   | 2 |   |   |   | 7 |   |   |   | 145 |   |   |   | 152 |   |   |   | 1 |   |
| Total consumer and residential real estate  |   | $ | 13 |   |   | $ | 3 |   |   | $ | 8 |   |   | $ | 24 |   |   | $ | 505 |   |   | $ | 529 |   |   | $ | 3 |   |

| December 31, 2010                  |   |
|----------------------------------------------|--------|
| (dollar amounts in millions)  |   | Past Due |   |   | Current |   |   | Total LoanParticipationInterests |   |   | 90 or more dayspast due andaccruing |   |
|                                         |   | 30-59 Days |   |   | 60-89 Days |   |   | 90 or more days |   |   | Total |   |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate:                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Industrial and warehouse                     |   | $ | 5 |   |   | $ | 1 |   |   | $ | 5 |   |   | $ | 11 |   |   | $ | 642 |   |   | $ | 653 |   |   | $ | — |   |
| Retail properties                            |   |   | 1 |   |   |   | 1 |   |   |   | 13 |   |   |   | 15 |   |   |   | 545 |   |   |   | 560 |   |   |   | — |   |
| Office                                       |   |   | 9 |   |   |   | 1 |   |   |   | 2 |   |   |   | 12 |   |   |   | 533 |   |   |   | 545 |   |   |   | — |   |
| Multi family                                 |   |   | — |   |   |   | — |   |   |   | 1 |   |   |   | 1 |   |   |   | 241 |   |   |   | 242 |   |   |   | — |   |
| Other commercial real estate                 |   |   | 16 |   |   |   | 2 |   |   |   | 17 |   |   |   | 35 |   |   |   | 915 |   |   |   | 950 |   |   |   | — |   |
| Total commercial real estate                 |   | $ | 31 |   |   | $ | 5 |   |   | $ | 38 |   |   | $ | 74 |   |   | $ | 2,876 |   |   | $ | 2,950 |   |   | $ | — |   |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer and residential real estate:        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Secured by first-lien                        |   | $ | 7 |   |   | $ | 2 |   |   | $ | 8 |   |   | $ | 17 |   |   | $ | 385 |   |   | $ | 402 |   |   | $ | 3 |   |
| Secured by second-lien                       |   |   | 3 |   |   |   | 1 |   |   |   | 2 |   |   |   | 6 |   |   |   | 155 |   |   |   | 161 |   |   |   | 2 |   |
| Total commercial and residential real estate |   | $ | 10 |   |   | $ | 3 |   |   | $ | 10 |   |   | $ | 23 |   |   | $ | 540 |   |   | $ | 563 |   |   | $ | 5 |   |

----

----

|                                                                                                                     |   | Commercialreal estate |    |   | Consumer andresidential realestate |   |    | Total  |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|---------|--------|----------------------------------------------|--------|---------|--------|--------|
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |
| Allowance for Loan Participation Interest Losses:                                                                        |   |                       |    |   |                                         |   |    |   |   |
| (dollar amounts in thousands)                                                                                            |   |                       |    |   |                                         |   |    |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |
| ALPL balance at January 1, 2011:                                                                                         |   | $                          | 97,920  |   |                                         | $      | 12,183  |   |   | $ | 110,103 |   |
| ALPL for loan participation interests acquired                                                                           |   |                       | 8,519   |   |                                         |   | — |   |   |   | 8,519 |   |
| Loan charge-offs                                                                                                         |   |                       | (5,608  | )      |                                         |   | (2,609  | )      |   |   | (8,217 | ) |
| Recoveries of loan participation interests previously charged-off                                                        |   |                       | 1,568   |   |                                         |   | 243     |   |   |   | 1,811 |   |
| (Reduction in) Provision for loan participation interest losses                                                          |   |                       | (19,610 | )      |                                         |   | 3,260   |   |   |   | (16,350 | ) |
| Allowance for loan participation interests sold or transferred to loans held for sale                                    |   |                       | — |   |                                         |   | — |   |   |   | — |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| ALPL balance at March 31, 2011:                                                                                          |   | $                          | 82,789  |   |                                         | $      | 13,077  |   |   | $ | 95,866 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| AULPC balance at January 1, 2011:                                                                                        |   | $                          | 1,598   |   |                                         | $      | — |   |   | $ | 1,598 |   |
| Reduction in unfunded loan commitments and letters of credit                                                             |   |                       | (15     | )      |                                         |   | — |   |   |   | (15 | ) |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| AULPC balance at March 31, 2011:                                                                                         |   | $                          | 1,583   |   |                                         | $      | — |   |   | $ | 1,583 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| ACL balance at March 31, 2011                                                                                            |   | $                          | 84,372  |   |                                         | $      | 13,077  |   |   | $ | 97,449 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portion of ALPL balance at March 31, 2011:                                                                               |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Attributable to loan participation interests individually evaluated for impairment                                       |   | $                          | 2,364   |   |                                         | $      | 609     |   |   | $ | 2,973 |   |
| Attributable to loan participation interests collectively evaluated for impairment                                       |   |                       | 80,425  |   |                                         |   | 12,468  |   |   |   | 92,893 |   |
| Total ALPL evaluated for impairment                                                                                      |   | $                          | 82,789  |   |                                         | $      | 13,077  |   |   | $ | 95,866 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| ALPL associated with portfolio loan participation interests acquired with deteriorated credit quality                    |   | $                          | — |   |                                         | $      | — |   |   | $ | — |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Loans Participation Interests at March 31, 2011:                                                                         |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| (dollar amounts in millions)                                                                                             |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Ending balance                                                                                                           |   | $                          | 2,974   |   |                                         | $      | 529     |   |   | $ | 3,503 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portion of ending balance:                                                                                               |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Individually evaluated for impairment                                                                                    |   |                       | 14      |   |                                         |   | 15      |   |   |   | 29 |   |
| Collectively evaluated for impairment                                                                                    |   |                       | 2,960   |   |                                         |   | 514     |   |   |   | 3,474 |   |
| Total loan participation interests evaluated for impairment                                                              |   | $                          | 2,974   |   |                                         | $      | 529     |   |   | $ | 3,503 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portfolio loan participation interests acquired with deteriorated credit quality                                         |   | $                          | — |   |                                         | $      | — |   |   | $ | — |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portfolio loan participation interests purchased in the 2011 first quarter                                               |   |                       | 427     |   |                                         |   | — |   |   |   | 427 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portfolio loan participation interests with ALPL sold or transferred to loans held for sale in the 2011 first quarter    |   |                       | — |   |                                         |   | — |   |   |   | — |   |
| Portfolio loan participation interests without ALPL sold or transferred to loans held for sale in the 2011 first quarter |   |                       | — |   |                                         |   | — |   |   |   | — |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| ALPL at December 31, 2010                                                                                                |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| (dollar amounts in thousands)                                                                                            |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portion of ALPL balance at December 31, 2010:                                                                            |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Attributable to loan participation interests individually evaluated for impairment                                       |   | $                          | 8,115   |   |                                         | $      | 156     |   |   | $ | 8,271 |   |
| Attributable to loan participation interests collectively evaluated for impairment                                       |   |                       | 89,805  |   |                                         |   | 12,027  |   |   |   | 101,832 |   |
| ALPL balance at December 31, 2010:                                                                                       |   | $                          | 97,920  |   |                                         | $      | 12,183  |   |   | $ | 110,103 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| ALPL associated with portfolio loan participation interests acquired with deteriorated credit quality                    |   | $                          | — |   |                                         | $      | — |   |   | $ | — |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Loans Participation Interests at December 31, 2010:                                                                      |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| (dollar amounts in millions)                                                                                             |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Ending balance                                                                                                           |   | $                          | 2,950   |   |                                         | $      | 563     |   |   | $ | 3,513 |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Portion of ending balance:                                                                                               |   |                       |    |   |                                         |   |    |   |   |   |   |   |
|                                                                                                                     |   |                       |    |   |                                         |   |    |   |   |   |   |   |
| Individually evaluated for impairment                                                                                    |   |                       | 25      |   |                                         |   | 4       |   |   |   | 29 |   |
| Collectively evaluated for impairment                                                                                    |   |                       | 2,925   |   |                                         |   | 559     |   |   |   | 3,484 |   |
| Total loan participation interests evaluated for impairment                                                              |   | $                          | 2,950   |   |                                         | $      | 563     |   |   | $ | 3,513 |   |
| Portfolio loan participation interests acquired with deteriorated credit quality                                         |   | $                          | — |   |                                         | $      | — |   |   | $ | — |   |

----

----

| March 31, 2011               |   |
|------------------------------|--------|
|                         |   | Credit Risk Profile by UCS classification |   |
| (dollar amounts in millions) |   | Pass |   |   | OLEM |   |   | Substandard |   |   | Doubtful |   |   | Total |   |
| Commercial real estate:      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Industrial and warehouse     |   | $ | 613 |   |   | $ | 24 |   |   | $ | 39 |   |   | $ | — |   |   | $ | 676 |   |
| Retail properties            |   |   | 562 |   |   |   | 16 |   |   |   | 15 |   |   |   | — |   |   |   | 593 |   |
| Office                       |   |   | 494 |   |   |   | 21 |   |   |   | 20 |   |   |   | — |   |   |   | 535 |   |
| Multi family                 |   |   | 215 |   |   |   | 3 |   |   |   | 14 |   |   |   | — |   |   |   | 232 |   |
| Other commercial real estate |   |   | 874 |   |   |   | 12 |   |   |   | 52 |   |   |   | — |   |   |   | 938 |   |
| Total commercial real estate |   | $ | 2,758 |   |   | $ | 76 |   |   | $ | 140 |   |   | $ | — |   |   | $ | 2,974 |   |

|                                       |   | Credit Risk Profile by FICO score (1) |   |
|--------------------------------------------|--------|---------------------------------------------------------------------|--------|
|                                       |   | 750+                                                                |   |   | 650-749 |   |   | <650 |   |   | Total |   |
| Consumer and residential real estate:      |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Secured by first-lien                      |   | $                                                                   | 176    |   |   | $ | 132 |   |   | $ | 69 |   |   | $ | 377 |   |
| Secured by second-lien                     |   |                                                                | 56     |   |   |   | 55 |   |   |   | 41 |   |   |   | 152 |   |
| Total consumer and residential real estate |   | $                                                                   | 232    |   |   | $ | 187 |   |   | $ | 110 |   |   | $ | 529 |   |

| December 31, 2010                 |   |
|---------------------------------------------|--------|
|                                        |   | Credit Risk Profile by UCS classification |   |
| (dollar amounts in millions) |   | Pass |   |   | OLEM |   |   | Substandard |   |   | Doubtful |   |   | Total |   |
| Commercial real estate:                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Industrial and warehouse                    |   | $ | 587 |   |   | $ | 27 |   |   | $ | 39 |   |   | $ | — |   |   | $ | 653 |   |
| Retail properties                           |   |   | 521 |   |   |   | 16 |   |   |   | 23 |   |   |   | — |   |   |   | 560 |   |
| Office                                      |   |   | 495 |   |   |   | 24 |   |   |   | 26 |   |   |   | — |   |   |   | 545 |   |
| Multi family                                |   |   | 225 |   |   |   | 4 |   |   |   | 13 |   |   |   | — |   |   |   | 242 |   |
| Other commercial real estate                |   |   | 874 |   |   |   | 17 |   |   |   | 59 |   |   |   | — |   |   |   | 950 |   |
| Total commercial real estate                |   | $ | 2,702 |   |   | $ | 88 |   |   | $ | 160 |   |   | $ | — |   |   | $ | 2,950 |   |

|                                       |   | Credit Risk Profile by FICO score (1) |   |
|--------------------------------------------|--------|---------------------------------------------------------------------|--------|
|                                       |   | 750+                                                                |   |   | 650-749 |   |   | <650 |   |   | Total |   |
| Consumer and residential real estate:      |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Secured by first-lien                      |   | $                                                                   | 191    |   |   | $ | 138 |   |   | $ | 73 |   |   | $ | 402 |   |
| Secured by second-lien                     |   |                                                                | 60     |   |   |   | 59 |   |   |   | 42 |   |   |   | 161 |   |
| Total consumer and residential real estate |   | $                                                                   | 251    |   |   | $ | 197 |   |   | $ | 115 |   |   | $ | 563 |   |

----

| (dollar amounts in millions) |   |                     |    |   |                       |   |    |             |   |   | Three Months Ended |   |
|---------------------------------------------|--------|--------------------------|---------|--------|----------------------------|--------|---------|------------------|--------|--------|------------------------------|--------|
|                                        |   | March 31, 2011 |    |   | March 31, 2011   |   |
|                                        |   | EndingBalance            |    |   | UnpaidPrincipalBalance (4) |   |    | RelatedAllowance |   |   | AverageBalance               |   |   | InterestIncomeRecognized |   |
|                                        |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |
| With no related allowance recorded:         |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |
| Commercial real estate:                     |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |
| Industrial and warehouse                    |   | $                        | — |   |                       | $      | — |             |   | $      | —                      |   |   | $ | — |   |   | $ | — |   |
| Retail properties                           |   |                     | 3.2     |   |                       |   | 5.9     |             |   |   | —                      |   |   |   | 5.0 |   |   |   | — |   |
| Office                                      |   |                     | — |   |                       |   | — |             |   |   | —                      |   |   |   | — |   |   |   | — |   |
| Multi family                                |   |                     | — |   |                       |   | — |             |   |   | —                      |   |   |   | — |   |   |   | — |   |
| Other commercial real estate                |   |                     | — |   |                       |   | — |             |   |   | —                      |   |   |   | 0.1 |   |   |   | — |   |
| Total commercial real estate                |   | $                        | 3.2     |   |                       | $      | 5.9     |             |   | $      | —                      |   |   | $ | 5.1 |   |   | $ | — |   |
|                                        |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| Consumer and residential real estate:       |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| Secured by first-lien                       |   | $                        | — |   |                       | $      | — |             |   | $      | —                      |   |   | $ | — |   |   | $ | — |   |
| Secured by second-lien                      |   |                     | — |   |                       |   | — |             |   |   | —                      |   |   |   | — |   |   |   | — |   |
| Total consumer and residential real estate  |   | $                        | — |   |                       | $      | — |             |   | $      | —                      |   |   | $ | — |   |   | $ | — |   |
|                                        |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| With an allowance recorded:                 |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| Commercial real estate: (3)                 |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| Industrial and warehouse                    |   | $                        | — |   |                       | $      | — |             |   | $      | —                      |   |   | $ | — |   |   | $ | — |   |
| Retail properties                           |   |                     | — |   |                       |   | — |             |   |   | —                      |   |   |   | 2.3 |   |   |   | — |   |
| Office                                      |   |                     | — |   |                       |   | — |             |   |   | —                      |   |   |   | — |   |   |   | — |   |
| Multi family                                |   |                     | 2.3     |   |                       |   | 2.7     |             |   |   | 0.5                          |   |   |   | 1.7 |   |   |   | — |   |
| Other commercial real estate                |   |                     | 8.3     |   |                       |   | 11.8    |             |   |   | 1.9                          |   |   |   | 12.3 |   |   |   | — |   |
| Total commercial real estate                |   | $                        | 10.6    |   |                       | $      | 14.5    |             |   | $      | 2.4                          |   |   | $ | 16.3 |   |   | $ | — |   |
|                                        |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| Consumer and residential real estate:       |   |                     |    |   |                       |   |    |             |   |   |                         |   |   |   |   |   |   |   |   |   |
| Secured by first-lien                       |   | $                        | 11.5    |   |                       | $      | 12.0    |             |   | $      | 0.3                          |   |   | $ | 7.5 |   |   | $ | 0.1 |   |
| Secured by second-lien                      |   |                     | 3.4     |   |                       |   | 3.4     |             |   |   | 0.3                          |   |   |   | 3.4 |   |   |   | — |   |
| Total consumer and residential real estate  |   | $                        | 14.9    |   |                       | $      | 15.4    |             |   | $      | 0.6                          |   |   | $ | 10.9 |   |   | $ | 0.1 |   |

----

| (dollar amounts in millions) |   |                        |    |   |                       |   |    |             |   |
|---------------------------------------------|--------|-----------------------------|---------|--------|----------------------------|--------|---------|------------------|--------|
|                                        |   | December 31, 2010 |    |
|                                        |   | EndingBalance               |    |   | UnpaidPrincipalBalance (4) |   |    | RelatedAllowance |   |
|                                        |   |                        |    |   |                       |   |    |             |   |
| With no related allowance recorded:         |   |                        |    |   |                       |   |    |             |   |
| Commercial real estate:                     |   |                        |    |   |                       |   |    |             |   |
| Industrial and warehouse                    |   | $                           | — |   |                       | $      | — |             |   | $ | — |   |
| Retail properties                           |   |                        | 6.1     |   |                       |   | 20.3    |             |   |   | — |   |
| Office                                      |   |                        | — |   |                       |   | — |             |   |   | — |   |
| Multi family                                |   |                        | — |   |                       |   | — |             |   |   | — |   |
| Other commercial real estate                |   |                        | 0.1     |   |                       |   | 0.1     |             |   |   | — |   |
| Total commercial real estate                |   | $                           | 6.2     |   |                       | $      | 20.4    |             |   | $ | — |   |
|                                        |   |                        |    |   |                       |   |    |             |   |   |   |   |
| Consumer and residential real estate:       |   |                        |    |   |                       |   |    |             |   |   |   |   |
| Secured by first-lien                       |   | $                           | — |   |                       | $      | — |             |   | $ | — |   |
| Secured by second-lien                      |   |                        | — |   |                       |   | — |             |   |   | — |   |
| Total consumer and residential real estate  |   | $                           | — |   |                       | $      | — |             |   | $ | — |   |
|                                        |   |                        |    |   |                       |   |    |             |   |   |   |   |
| With an allowance recorded:                 |   |                        |    |   |                       |   |    |             |   |   |   |   |
| Commercial real estate:                     |   |                        |    |   |                       |   |    |             |   |   |   |   |
| Industrial and warehouse                    |   | $                           | — |   |                       | $      | — |             |   | $ | — |   |
| Retail properties                           |   |                        | 3.7     |   |                       |   | 4.4     |             |   |   | 1.1 |   |
| Office                                      |   |                        | — |   |                       |   | — |             |   |   | — |   |
| Multi family                                |   |                        | 1.4     |   |                       |   | 1.4     |             |   |   | 0.7 |   |
| Other commercial real estate                |   |                        | 14.0    |   |                       |   | 23.4    |             |   |   | 6.3 |   |
| Total commercial real estate                |   | $                           | 19.1    |   |                       | $      | 29.2    |             |   | $ | 8.1 |   |
|                                        |   |                        |    |   |                       |   |    |             |   |   |   |   |
| Consumer and residential real estate:       |   |                        |    |   |                       |   |    |             |   |   |   |   |
| Secured by first-lien                       |   | $                           | 3.5     |   |                       | $      | 4.0     |             |   | $ | 0.2 |   |
| Secured by second-lien                      |   |                        | — |   |                       |   | — |             |   |   | — |   |
| Total consumer and residential real estate  |   | $                           | 3.5     |   |                       | $      | 4.0     |             |   | $ | 0.2 |   |

| (1)  | These tables do not include loans fully charged-off. |
|-----------|------------------------------------------------------|

| (2)  | All consumer and residential real estate impaired loans are considered impaired due to their status as a TDR. |
|-----------|---------------------------------------------------------------------------------------------------------------|

| (3)  | At March 31, 2011, $0.3 million of the $10.5 million commercial real estate loan participation interests with an allowance recorded were considered impaired due to their status as a TDR. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)  | Difference between ending balance and unpaid principal balance represents a prior partial charge-off. |
|-----------|-------------------------------------------------------------------------------------------------------|

----

|                                  |   | January 1, 2010 |   |
|---------------------------------------|--------|---------------------------|--------|
|                                  |   | through                   |   |
|                                  |   | March 31, 2011  |   |
| Commercial and commercial real estate |   |                      | 0.125  | % |
| Consumer                              |   |                      | 0.650  |   |
| Residential real estate               |   |                      | 0.267  |   |

|                          |   | Number of |       |   |                                          |   |    |         |   |   |         |   |   |         |      |
|-------------------------------|--------|----------------|------------|--------|-----------------------------------------------|--------|---------|--------------|--------|--------|--------------|--------|--------|--------------|-----------|
|                          |   | Common         |       |   | Number of Preferred Securities |   |
| Shareholder:                  |   | Shares         |       |   | Class A                                  |   |    | Class B |   |   | Class C |   |   | Class E |      |
| Held by related parties:      |   |           |       |   |                                          |   |    |         |   |   |         |   |   |         |      |
| HPCII                         |   |           | 11,130,000 |   |                                          |   | — |         |   |   | —      |   |   |         | —   |   |   |   | — |   |
| Holdings                      |   |           | 2,870,000  |   |                                          |   | 895     |         |   |   | —      |   |   |         | —   |   |   |   | — |   |
| Tower Hill Securities, Inc.   |   |           | —    |   |                                          |   | — |         |   |   | —      |   |   |         | —   |   |   |   | 1,400,000 |   |
| HPC Holdings-II, Inc.         |   |           | —    |   |                                          |   | — |         |   |   | 400,000      |   |   |         | —   |   |   |   | — |   |
| Total held by related parties |   |           | 14,000,000 |   |                                          |   | 895     |         |   |   | 400,000      |   |   |         | —   |   |   |   | 1,400,000 |   |
| Other shareholders            |   |           | —    |   |                                          |   | 105     |         |   |   | —      |   |   |         | 2,000,000 |   |   |   | — |   |
| Total shares outstanding      |   |           | 14,000,000 |   |                                          |   | 1,000   |         |   |   | 400,000      |   |   |         | 2,000,000 |   |   |   | 1,400,000 |   |

----

|                                        |   |                     |   |   | Fair Value Measurements Using |   |    |           |   |
|---------------------------------------------|--------|--------------------------|--------|--------|----------------------------------------------|--------|---------|----------------|--------|
|                                        |   |                     |   |   | Quoted Prices                           |   |    | Significant    |   |   | Significant |   |   | Total |   |
|                                        |   |                     |   |   | In Active                               |   |    | Other          |   |   | Other |   |   | Gains/(Losses) |   |
|                                        |   |                     |   |   | Markets for                             |   |    | Observable     |   |   | Unobservable |   |   | For the Three |   |
|                                        |   | Fair Value at  |   |   | Identical Assets                        |   |    | Inputs         |   |   | Inputs |   |   | Months Ended |   |
| (dollar amounts in millions) |   | March 31, 2011 |   |   | (Level 1)                               |   |    | (Level 2) |   |   | (Level 3) |   |   | March 31, 2011 |   |
| 2011                                   |   |                     |   |   |                                         |   |    |           |   |   |   |   |   |   |   |
| Loan participation interests                |   | $                        | 13.0   |   |                                         | $      | — |           |   | $ | — |   |   | $ | 13.0 |   |   | $ | (1.8 | ) |

----

----

----

----

|                                                                  |   | 2011   |    |   | 2010   |   |    | 1Q11 vs. 1Q10 |   |
|----------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|---------------|--------|
| (dollar amounts in thousands)                                              |   | First  |    |   | Fourth |   |    | Third         |   |   | Second |   |   | First |   |   | $ Chg |   |   | % Chg |   |
| Interest and fee income                                                    |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest on loan participation interests:                                  |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate                                                     |   | $      | 27,356  |   |   | $      | 27,609  |          |   | $ | 27,173 |   |   | $ | 26,857 |   |   | $ | 26,561 |   |   | $ | 795 |   |   |   | 3.0 | % |
| Consumer and residential real estate                                       |   |   | 8,830   |   |   |   | 9,518   |          |   |   | 10,418 |   |   |   | 10,994 |   |   |   | 11,606 |   |   |   | (2,776 | ) |   |   | (23.9 | ) |
| Total loan participation interest income                                   |   |   | 36,186  |   |   |   | 37,127  |          |   |   | 37,591 |   |   |   | 37,851 |   |   |   | 38,167 |   |   |   | (1,981 | ) |   |   | (5.2 | ) |
| Fees from loan participation interests                                     |   |   | 369     |   |   |   | 302     |          |   |   | 276 |   |   |   | 427 |   |   |   | 491 |   |   |   | (122 | ) |   |   | (24.8 | ) |
| Interest on deposits with The Bank                                         |   |   | 156     |   |   |   | 475     |          |   |   | 383 |   |   |   | 272 |   |   |   | 159 |   |   |   | (3 | ) |   |   | (1.9 | ) |
| Total interest and fee income                                              |   |   | 36,711  |   |   |   | 37,904  |          |   |   | 38,250 |   |   |   | 38,550 |   |   |   | 38,817 |   |   |   | (2,106 | ) |   |   | (5.4 | ) |
| Provision (reduction in allowance) for credit losses                       |   |   | (16,365 | )      |   |   | (38,818 | )             |   |   | (3,957 | ) |   |   | (1,182 | ) |   |   | 607 |   |   |   | (16,972 | ) |   | N.R. |   |
| Interest income after provision (reduction in allowance) for credit losses |   |   | 53,076  |   |   |   | 76,722  |          |   |   | 42,207 |   |   |   | 39,732 |   |   |   | 38,210 |   |   |   | 14,866 |   |   |   | 38.9 |   |
| Noninterest income:                                                        |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Rental income                                                              |   |   | 18      |   |   |   | 17      |          |   |   | 18 |   |   |   | 17 |   |   |   | 17 |   |   |   | 1 |   |   |   | 5.9 |   |
| Collateral fees                                                            |   |   | 420     |   |   |   | 446     |          |   |   | 511 |   |   |   | 524 |   |   |   | 556 |   |   |   | (136 | ) |   |   | (24.5 | ) |
| Total noninterest income                                                   |   |   | 438     |   |   |   | 463     |          |   |   | 529 |   |   |   | 541 |   |   |   | 573 |   |   |   | (135 | ) |   |   | (23.6 | ) |
|                                                                       |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest expense:                                                       |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Servicing costs                                                            |   |   | 1,787   |   |   |   | 1,851   |          |   |   | 1,945 |   |   |   | 2,024 |   |   |   | 2,117 |   |   |   | (330 | ) |   |   | (15.6 | ) |
| Other                                                                      |   |   | 164     |   |   |   | 168     |          |   |   | 174 |   |   |   | 180 |   |   |   | 163 |   |   |   | 1 |   |   |   | 0.6 |   |
| Total noninterest expense                                                  |   |   | 1,951   |   |   |   | 2,019   |          |   |   | 2,119 |   |   |   | 2,204 |   |   |   | 2,280 |   |   |   | (329 | ) |   |   | (14.4 | ) |
| Net income                                                                 |   | $      | 51,563  |   |   | $      | 75,166  |          |   | $ | 40,617 |   |   | $ | 38,069 |   |   | $ | 36,503 |   |   | $ | 15,060 |   |   |   | 41.3 | % |
|                                                                       |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends declared on preferred shares                                     |   |   | (3,054  | )      |   |   | (2,951  | )             |   |   | (3,406 | ) |   |   | (2,953 | ) |   |   | (2,963 | ) |   |   | 91 |   |   |   | 3.1 |   |
|                                                                       |   |   |    |   |   |   |    |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income applicable to common shares(1)                                  |   | $      | 48,509  |   |   | $      | 72,215  |          |   | $ | 37,211 |   |   | $ | 35,116 |   |   | $ | 33,540 |   |   | $ | 14,969 |   |   |   | 44.6 | % |

|                                        |   | Three Months Ended March 31, |    |
|---------------------------------------------|--------|--------------------------------------------------|---------|
|                                        |   | 2011                                             |    |   | 2010 |   |
| (dollar amounts in millions) |   | AverageBalance                                   |    |   | Income(1) |   |   | Yield |   |   | AverageBalance |   |   | Income(1) |   |   | Yield |   |
| Loan participation interests:               |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate                      |   | $                                                | 2,940.6 |   |   | $ | 27.6 |   |   |   | 3.82 | % |   | $ | 3,105.3 |   |   | $ | 27.0 |   |   |   | 3.53 | % |
| Consumer and residential real estate        |   |                                             | 546.8   |   |   |   | 8.9 |   |   |   | 6.58 |   |   |   | 725.0 |   |   |   | 11.6 |   |   |   | 6.52 |   |
| Total loan participation interests          |   |                                             | 3,487.4 |   |   |   | 36.5 |   |   |   | 4.25 |   |   |   | 3,830.3 |   |   |   | 38.6 |   |   |   | 4.09 |   |
| Interest-bearing deposits in the Bank       |   |                                             | 207.5   |   |   |   | 0.2 |   |   |   | 0.30 |   |   |   | 254.9 |   |   |   | 0.2 |   |   |   | 0.25 |   |
| Total                                       |   | $                                                | 3,694.9 |   |   | $ | 36.7 |   |   |   | 4.03 | % |   | $ | 4,085.2 |   |   | $ | 38.8 |   |   |   | 3.85 | % |

----

|                                  |   | January 1, 2010 |   |
|---------------------------------------|--------|---------------------------|--------|
|                                  |   | through                   |   |
|                                  |   | March 31, 2011  |   |
| Commercial and commercial real estate |   |                      | 0.125  | % |
| Consumer                              |   |                      | 0.650  | % |
| Residential real estate               |   |                      | 0.267  | % |

----

|                                    |   | March 31, 2011 |      |
|----------------------------------------------|--------|--------------------------|-----------|
| (dollar amounts in thousands) |   | Ohio                     |      |   | Michigan |   |   | Indiana |   |   | Pennsylvania |   |   | Kentucky |   |   | Other |   |   | Total Amount |   |   | % |   |
|                                         |   |                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Industrial and warehouse                     |   | $                        | 414,835   |   |   | $ | 177,699 |   |   | $ | 37,966 |   |   | $ | 12,477 |   |   | $ | 12,609 |   |   | $ | 20,896 |   |   | $ | 676,482 |   |   |   | 23 | % |
| Retail properties                            |   |                     | 319,586   |   |   |   | 101,818 |   |   |   | 51,936 |   |   |   | 46,524 |   |   |   | 16,226 |   |   |   | 57,112 |   |   |   | 593,202 |   |   |   | 20 |   |
| Office                                       |   |                     | 361,663   |   |   |   | 83,640 |   |   |   | 16,396 |   |   |   | 35,669 |   |   |   | 11,648 |   |   |   | 25,566 |   |   |   | 534,582 |   |   |   | 18 |   |
| Multi family                                 |   |                     | 167,063   |   |   |   | 5,993 |   |   |   | 20,059 |   |   |   | 8,392 |   |   |   | 22,361 |   |   |   | 7,834 |   |   |   | 231,702 |   |   |   | 8 |   |
| Other commercial real estate                 |   |                     | 506,892   |   |   |   | 281,784 |   |   |   | 44,047 |   |   |   | 40,727 |   |   |   | 18,564 |   |   |   | 46,114 |   |   |   | 938,128 |   |   |   | 31 |   |
| Total                                        |   | $                        | 1,770,039 |   |   | $ | 650,934 |   |   | $ | 170,404 |   |   | $ | 143,789 |   |   | $ | 81,408 |   |   | $ | 157,522 |   |   | $ | 2,974,096 |   |   |   | 100 | % |
| % of total portfolio                         |   |                     | 59        | % |   |   | 22 | % |   |   | 6 | % |   |   | 5 | % |   |   | 3 | % |   |   | 5 | % |   |   | 100 | % |   |   |   |   |

----

|                                                      |   | 2011           |   |   | 2010              |   |
|----------------------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| (dollar amounts in thousands)                   |   | March 31, |   |   | December 31, |   |   | September 30, |   |   | June 30, |   |   | March 31, |   |
|                                                           |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |
| Participation interest in nonaccrual assets:                   |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate                                         |   | $              | 40,849 |   |              | $      | 53,953 |   |   | $ | 87,302 |   |   | $ | 123,205 |   |   | $ | 149,997 |   |
| Consumer and residential real estate                           |   |           | 4,406  |   |              |   | 4,790 |   |   |   | 4,979 |   |   |   | 5,263 |   |   |   | 5,916 |   |
| Total nonperforming assets                                     |   | $              | 45,255 |   |              | $      | 58,743 |   |   | $ | 92,281 |   |   | $ | 128,468 |   |   | $ | 155,913 |   |
| Accruing loan participation interests past due 90 days or more |   | $              | 3,215  |   |              | $      | 4,802 |   |   | $ | 4,737 |   |   | $ | 6,504 |   |   | $ | 4,326 |   |
|                                                           |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NPAs as a % of total loan participation interests              |   |           | 1.29   | %      |              |   | 1.67 | % |   |   | 2.60 | % |   |   | 3.52 | % |   |   | 4.15 | % |
| ALPL as a % of NPAs                                            |   |           | 212    |   |              |   | 187 |   |   |   | 160 |   |   |   | 112 |   |   |   | 102 |   |
| ACL as a % of NPAs                                             |   |           | 215    |   |              |   | 190 |   |   |   | 162 |   |   |   | 113 |   |   |   | 103 |   |

----

|                                               |   | 2011   |    |   | 2010   |   |
|----------------------------------------------------|--------|--------|---------|--------|--------|--------|
| (dollar amounts in thousands)       |   | First  |    |   | Fourth |   |   | Third |   |   | Second |   |   | First |   |
|                                               |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| ALPL balance, beginning of period                  |   | $      | 110,103 |   |   | $      | 147,607 |   |   | $ | 144,097 |   |   | $ | 158,963 |   |   | $ | 156,431 |   |
| Allowance of loan participation interests acquired |   |   | 8,519   |   |   |   | 12,959 |   |   |   | 19,135 |   |   |   | 11,058 |   |   |   | 13,888 |   |
| Net charge-offs:                                   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate                             |   |   | (4,040  | )      |   |   | (8,991 | ) |   |   | (8,822 | ) |   |   | (22,141 | ) |   |   | (7,360 | ) |
| Consumer and residential real estate               |   |   | (2,366  | )      |   |   | (2,975 | ) |   |   | (2,537 | ) |   |   | (2,553 | ) |   |   | (4,648 | ) |
| Total net charge-offs                              |   |   | (6,406  | )      |   |   | (11,966 | ) |   |   | (11,359 | ) |   |   | (24,694 | ) |   |   | (12,008 | ) |
| (Reduction in) Provision for ALPL                  |   |   | (16,350 | )      |   |   | (38,497 | ) |   |   | (4,266 | ) |   |   | (1,230 | ) |   |   | 652 |   |
| ALPL balance, end of period                        |   | $      | 95,866  |   |   | $      | 110,103 |   |   | $ | 147,607 |   |   | $ | 144,097 |   |   | $ | 158,963 |   |
| AULPC balance, beginning of period                 |   | $      | 1,598   |   |   | $      | 1,919 |   |   | $ | 1,610 |   |   | $ | 1,562 |   |   | $ | 1,607 |   |
| (Reduction in) Provision for AULPC                 |   |   | (15     | )      |   |   | (321 | ) |   |   | 309 |   |   |   | 48 |   |   |   | (45 | ) |
| AULPC balance, end of period                       |   | $      | 1,583   |   |   | $      | 1,598 |   |   | $ | 1,919 |   |   | $ | 1,610 |   |   | $ | 1,562 |   |
| Total allowance for credit losses, end of period   |   | $      | 97,449  |   |   | $      | 111,701 |   |   | $ | 149,526 |   |   | $ | 145,707 |   |   | $ | 160,525 |   |
|                                               |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ALPL as a % of total loan participation interests  |   |   | 2.74    | %      |   |   | 3.13 | % |   |   | 4.16 | % |   |   | 3.95 | % |   |   | 4.23 | % |
| ACL as a % of total loan participation interests   |   |   | 2.78    |   |   |   | 3.18 |   |   |   | 4.22 |   |   |   | 4.00 |   |   |   | 4.28 |   |

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|                                         |   | 2011           |   |   | 2010              |   |
|----------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| (dollar amounts in thousands) |   | March 31, |   |   | December 31, |   |   | September 30, |   |   | June 30, |   |   | March 31, |   |
|                                         |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate                       |   | $              | 4,040  |   |              |   | 0.55 | % |   | $ | 8,991 |   |   |   | 1.23 | % |   | $ | 8,822 |   |   |   | 1.18 | % |   | $ | 22,141 |   |   |   | 2.93 | % |   | $ | 7,360 |   |   |   | 0.95 | % |
| Consumer and residential real estate         |   |           | 2,366  |   |              |   | 1.73 |   |   |   | 2,975 |   |   |   | 2.03 |   |   |   | 2,537 |   |   |   | 1.59 |   |   |   | 2,553 |   |   |   | 1.50 |   |   |   | 4,648 |   |   |   | 2.56 |   |
| Total net charge-offs                        |   | $              | 6,406  |   |              |   | 0.73 | % |   | $ | 11,966 |   |   |   | 1.36 | % |   | $ | 11,359 |   |   |   | 1.25 | % |   | $ | 24,694 |   |   |   | 2.67 | % |   | $ | 12,008 |   |   |   | 1.25 | % |

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|                                                     |   | 2011           |   |   | 2010              |   |
|----------------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                                                     |   | March 31, |   |   | December 31, |   |   | September 30, |   |   | June 30, |   |   | March 31, |   |
| Tier 1 leverage ratio (5.00% Well-capitalized)           |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |
| Huntington                                               |   |           | 9.80   | %      |              |   | 9.41 | % |   |   | 10.54 | % |   |   | 10.45 | % |   |   | 10.05 | % |
| Bank                                                     |   |           | 7.23   |   |              |   | 6.97 |   |   |   | 6.85 |   |   |   | 6.54 |   |   |   | 5.99 |   |
| Tier 1 risk-based capital ratio (6.00% Well-capitalized) |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Huntington                                               |   |           | 12.04  |   |              |   | 11.55 |   |   |   | 12.82 |   |   |   | 12.51 |   |   |   | 11.97 |   |
| Bank                                                     |   |           | 8.87   |   |              |   | 8.51 |   |   |   | 8.28 |   |   |   | 7.80 |   |   |   | 7.11 |   |
| Total risk-based capital ratio (10.00% Well-capitalized) |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Huntington                                               |   |           | 14.85  |   |              |   | 14.46 |   |   |   | 15.08 |   |   |   | 14.79 |   |   |   | 14.28 |   |
| Bank                                                     |   |           | 13.11  |   |              |   | 12.82 |   |   |   | 12.69 |   |   |   | 12.23 |   |   |   | 11.53 |   |
|                                                     |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| 3.1.   | Second Amended and Restated Articles of Incorporation (previously filed as Exhibit 3.1 to Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 2, 2010, and incorporated herein by reference.)                                                                        |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                       |
| 3.2.   | Code of Regulations (previously filed as Exhibit 3(b) to the Registrant's Registration Statement of Form S-11 (File No. 333-61182), filed with the Securities and Exchange Commission on May 17, 2001, and incorporated herein by reference.)                                                              |
|   |                                                                                                                                                                                                                                                                                                       |
| 4.1    | Specimen of certificate representing Class C preferred securities, previously filed as Exhibit 4 to the Registrant's Amendment No. 1 to Registration Statement of Form S-11 (File No. 333-61182), filed with the Securities and Exchange Commission on May 31, 2001, and incorporated herein by reference. |
|   |                                                                                                                                                                                                                                                                                                       |
| 31.1.  | Rule 13a – 14(a) Certification – President (chief executive officer).                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                       |
| 31.2.  | Rule 13a – 14(a) Certification – Vice President (chief financial officer).                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                       |
| 32.1.  | Section 1350 Certification – President (chief executive officer).                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                       |
| 32.2.  | Section 1350 Certification – Vice President (chief financial officer).                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                       |
| 99.1.  | Unaudited Condensed Financial Statements of Huntington Bancshares Incorporated as of and for the three-month periods ended March 31, 2011 and 2010.                                                                                                                                                        |

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| HUNTINGTON PREFERRED CAPITAL, INC. |                          |
|------------------------------------|-------------------------------|
| (Registrant)                       |                          |
|                               |                          |   |   |   |   |
| By:                                | /s/ Donald R. Kimble          |   | By: | /s/ David S. Anderson |   |
|                               | Donald R. Kimble              |   |   | David S. Anderson |   |
|                               | President and Director        |   |   | Vice President and Director |   |
|                               | (Principal Executive Officer) |   |   | (Principal Financial and Accounting Officer) |   |

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