##### 



Exhibit 99.(a)
 Huntington Bancshares Incorporated
 
 Condensed Consolidated Balance Sheets
 June 30,
    
    
    December 31,
    
    
    June 30,(in thousands, except number of shares)
    
    2006
    
    
    2005
    
    
    2005(Unaudited)
    
    
    
    
    
    
    (Unaudited)AssetsCash and due from banks
    
    $
    876,121
    
    
    $
    966,445
    
    
    $
    976,432Federal funds sold and securities
purchased under resale agreements
    
    
    365,592
    
    
    
    74,331
    
    
    
    121,310Interest bearing deposits in banks
    
    
    37,576
    
    
    
    22,391
    
    
    
    22,758Trading account securities
    
    
    113,376
    
    
    
    8,619
    
    
    
    328,715Loans held for sale
    
    
    298,871
    
    
    
    294,344
    
    
    
    395,053Investment securities
    
    
    5,124,682
    
    
    
    4,526,520
    
    
    
    3,849,955Loans and leases:Commercial and industrial loans
    
    
    7,473,158
    
    
    
    6,809,208
    
    
    
    6,206,393Commercial real estate loans
    
    
    4,558,610
    
    
    
    4,036,171
    
    
    
    4,518,875Automobile loans
    
    
    2,059,836
    
    
    
    1,985,304
    
    
    
    2,045,771Automobile leases
    
    
    2,042,215
    
    
    
    2,289,015
    
    
    
    2,458,432Home equity loans
    
    
    4,888,958
    
    
    
    4,638,841
    
    
    
    4,683,577Residential mortgage loans
    
    
    4,739,814
    
    
    
    4,193,139
    
    
    
    4,152,203Other consumer loans
    
    
    591,990
    
    
    
    520,488
    
    
    
    501,897Total loans and leases
    
    
    26,354,581
    
    
    
    24,472,166
    
    
    
    24,567,148Allowance for loan and lease losses
    
    
    (287,517
    )
    
    
    (268,347
    )
    
    
    (254,784
    )Net loans and leases
    
    
    26,067,064
    
    
    
    24,203,819
    
    
    
    24,312,364Operating lease assets
    
    
    131,943
    
    
    
    229,077
    
    
    
    353,678Bank owned life insurance
    
    
    1,070,909
    
    
    
    1,001,542
    
    
    
    983,302Premises and equipment
    
    
    365,763
    
    
    
    360,677
    
    
    
    356,697Goodwill
    
    
    571,697
    
    
    
    212,530
    
    
    
    212,200Other intangible assets
    
    
    64,141
    
    
    
    4,956
    
    
    
    5,376Accrued income and other assets
    
    
    1,178,042
    
    
    
    859,554
    
    
    
    1,071,134Total assets
    
    $
    36,265,777
    
    
    $
    32,764,805
    
    
    $
    32,988,974Liabilities and shareholders equity
LiabilitiesDeposits in domestic officesDemand deposits  non-interest bearing
    
    $
    3,530,828
    
    
    $
    3,390,044
    
    
    $
    3,221,352Interest bearing
    
    
    20,585,420
    
    
    
    18,548,943
    
    
    
    18,677,408Deposits in foreign offices
    
    
    476,684
    
    
    
    470,688
    
    
    
    431,816Total deposits
    
    
    24,592,932
    
    
    
    22,409,675
    
    
    
    22,330,576Short-term borrowings
    
    
    2,125,932
    
    
    
    1,889,260
    
    
    
    1,266,535Federal Home Loan Bank advances
    
    
    1,271,678
    
    
    
    1,155,647
    
    
    
    903,864Other long-term debt
    
    
    2,716,784
    
    
    
    2,418,419
    
    
    
    3,034,154Subordinated notes
    
    
    1,255,278
    
    
    
    1,023,371
    
    
    
    1,046,283Allowance for unfunded loan commitments and letters of credit
    
    
    38,914
    
    
    
    36,957
    
    
    
    37,511Deferred income tax liability
    
    
    615,543
    
    
    
    743,655
    
    
    
    784,504Accrued expenses and other liabilities
    
    
    709,560
    
    
    
    530,320
    
    
    
    954,772Total liabilities
    
    
    33,326,621
    
    
    
    30,207,304
    
    
    
    30,358,199Shareholders equityPreferred stock  authorized 6,617,808 shares;
none outstanding
    
    
    
    
    
    
    
    
    
    
    Common stock  without par value; authorized
500,000,000 shares; issued 257,866,255 shares; outstanding
237,361,333; 224,106,172 and 230,842,020 shares, respectively
    
    
    2,552,094
    
    
    
    2,491,326
    
    
    
    2,487,981Less 20,504,922; 33,760,083 and 27,024,235 treasury shares respectively.
    
    
    (457,758
    )
    
    
    (693,576
    )
    
    
    (526,814
    )Accumulated other comprehensive loss
    
    
    (44,091
    )
    
    
    (22,093
    )
    
    
    (720
    )Retained earnings
    
    
    888,911
    
    
    
    781,844
    
    
    
    670,328Total shareholders equity
    
    
    2,939,156
    
    
    
    2,557,501
    
    
    
    2,630,775Total liabilities and shareholders equity
    
    $
    36,265,777
    
    
    $
    32,764,805
    
    
    $
    32,988,974
 See notes to unaudited condensed consolidated financial statements
 3




---



##### 



Huntington Bancshares Incorporated
 
 Condensed Consolidated Statements of Income  (Unaudited)
 Three Months Ended
    
    Six Months EndedJune 30,
    
    June 30,(in thousands, except per share amounts)
    
    2006
    
    2005
    
    2006
    
    2005Interest and fee incomeLoans and leasesTaxable
    
    $
    445,924
    
    
    $
    352,341
    
    
    $
    845,270
    
    
    $
    677,936Tax-exempt
    
    
    520
    
    
    
    383
    
    
    
    1,029
    
    
    
    695Investment securitiesTaxable
    
    
    60,517
    
    
    
    37,355
    
    
    
    112,960
    
    
    
    75,590Tax-exempt
    
    
    5,894
    
    
    
    4,341
    
    
    
    11,606
    
    
    
    8,648Other
    
    
    9,048
    
    
    
    7,906
    
    
    
    15,825
    
    
    
    15,562Total interest income
    
    
    521,903
    
    
    
    402,326
    
    
    
    986,690
    
    
    
    778,431Interest expense
    
    
    173,032
    
    
    
    104,559
    
    
    
    321,346
    
    
    
    193,727DepositsShort-term borrowings
    
    
    20,969
    
    
    
    7,086
    
    
    
    35,634
    
    
    
    11,914Federal Home Loan Bank
advances
    
    
    17,077
    
    
    
    8,663
    
    
    
    31,565
    
    
    
    17,346Subordinated notes and
other long-term debt
    
    
    48,630
    
    
    
    40,118
    
    
    
    92,270
    
    
    
    78,346Total interest expense
    
    
    259,708
    
    
    
    160,426
    
    
    
    480,815
    
    
    
    301,333Net interest income
    
    
    262,195
    
    
    
    241,900
    
    
    
    505,875
    
    
    
    477,098Provision for credit losses
    
    
    15,745
    
    
    
    12,895
    
    
    
    35,285
    
    
    
    32,769Net interest income after provision for credit losses
    
    
    246,450
    
    
    
    229,005
    
    
    
    470,590
    
    
    
    444,329Operating lease income
    
    
    14,851
    
    
    
    38,097
    
    
    
    34,241
    
    
    
    84,829Service charges on deposit accounts
    
    
    47,225
    
    
    
    41,516
    
    
    
    88,447
    
    
    
    80,934Trust services
    
    
    22,676
    
    
    
    19,113
    
    
    
    43,954
    
    
    
    37,309Brokerage and insurance income
    
    
    14,345
    
    
    
    13,544
    
    
    
    29,538
    
    
    
    26,570Bank owned life insurance income
    
    
    10,604
    
    
    
    10,139
    
    
    
    20,846
    
    
    
    20,243Other service charges and fees
    
    
    13,072
    
    
    
    11,252
    
    
    
    24,581
    
    
    
    21,411Mortgage banking income
    
    
    20,355
    
    
    
    (2,376
    )
    
    
    38,187
    
    
    
    9,685Securities gains (losses), net
    
    
    (35
    )
    
    
    (343
    )
    
    
    (55
    )
    
    
    614Gains on sales of automobile loans
    
    
    532
    
    
    
    254
    
    
    
    980
    
    
    
    254Other income
    
    
    19,394
    
    
    
    24,974
    
    
    
    41,834
    
    
    
    42,371Total non-interest income
    
    
    163,019
    
    
    
    156,170
    
    
    
    322,553
    
    
    
    324,220Operating lease expense
    
    
    10,804
    
    
    
    28,879
    
    
    
    25,411
    
    
    
    66,827Personnel costs
    
    
    137,904
    
    
    
    124,090
    
    
    
    269,461
    
    
    
    248,071Net occupancy
    
    
    17,927
    
    
    
    17,257
    
    
    
    35,893
    
    
    
    36,499Outside data processing and other services
    
    
    19,569
    
    
    
    18,113
    
    
    
    39,420
    
    
    
    36,883Equipment
    
    
    18,009
    
    
    
    15,637
    
    
    
    34,512
    
    
    
    31,500Professional services
    
    
    6,292
    
    
    
    9,347
    
    
    
    11,657
    
    
    
    18,806Marketing
    
    
    10,374
    
    
    
    6,934
    
    
    
    17,675
    
    
    
    12,770Telecommunications
    
    
    4,990
    
    
    
    4,801
    
    
    
    9,815
    
    
    
    9,683Printing and supplies
    
    
    3,764
    
    
    
    3,293
    
    
    
    6,838
    
    
    
    6,387Amortization of intangibles
    
    
    2,992
    
    
    
    204
    
    
    
    4,067
    
    
    
    408Other expense
    
    
    19,734
    
    
    
    19,581
    
    
    
    36,025
    
    
    
    38,579Total non-interest expense
    
    
    252,359
    
    
    
    248,136
    
    
    
    490,774
    
    
    
    506,413Income before income taxes
    
    
    157,110
    
    
    
    137,039
    
    
    
    302,369
    
    
    
    262,136Provision for income taxes
    
    
    45,506
    
    
    
    30,614
    
    
    
    86,309
    
    
    
    59,192Net income
    
    $
    111,604
    
    
    $
    106,425
    
    
    $
    216,060
    
    
    $
    202,944Average common shares  basic
    
    
    241,729
    
    
    
    232,217
    
    
    
    236,349
    
    
    
    232,021Average common shares  diluted
    
    
    244,538
    
    
    
    235,671
    
    
    
    239,451
    
    
    
    235,362Per common shareNet income  basic
    
    $
    0.46
    
    
    $
    0.46
    
    
    $
    0.91
    
    
    $
    0.87Net income  diluted
    
    
    0.46
    
    
    
    0.45
    
    
    
    0.90
    
    
    
    0.86Cash dividends declared
    
    
    0.250
    
    
    
    0.215
    
    
    
    0.500
    
    
    
    0.415
 See notes to unaudited condensed consolidated financial statements
 4




---



##### 



Condensed Consolidated Statements of Changes in Shareholders Equity
 AccumulatedOtherCommon Stock
    
    Treasury Shares
    
    Comprehensive
    
    Retained(in thousands)
    
    Shares
    
    Amount
    
    Shares
    
    Amount
    
    Income (Loss)
    
    Earnings
    
    TotalSix Months Ended June 30, 2005 (Unaudited):Balance, beginning of period
    
    
    257,866
    
    
    $
    2,484,204
    
    
    
    (26,261
    )
    
    $
    (499,259
    )
    
    $
    (10,903
    )
    
    $
    563,596
    
    
    $
    2,537,638Comprehensive Income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    202,944
    
    
    
    202,944Unrealized net gains on investment securities
arising during the period, net of reclassification
of net realized gains
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,248
    
    
    
    
    
    
    
    5,248Unrealized gains on cash flow hedging derivatives
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    4,935
    
    
    
    
    
    
    
    4,935Total comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    213,127Cash dividends declared ($0.415 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (96,212
    )
    
    
    (96,212
    )Treasury shares purchased
    
    
    
    
    
    
    
    
    
    
    (1,818
    )
    
    
    (44,178
    )
    
    
    
    
    
    
    
    
    
    
    (44,178
    )Stock options exercised
    
    
    
    
    
    
    1,882
    
    
    
    852
    
    
    
    16,159
    
    
    
    
    
    
    
    
    
    
    
    18,041Other
    
    
    
    
    
    
    1,895
    
    
    
    203
    
    
    
    464
    
    
    
    
    
    
    
    
    
    
    
    2,359Balance, end of period (Unaudited)
    
    
    257,866
    
    
    $
    2,487,981
    
    
    
    (27,024
    )
    
    $
    (526,814
    )
    
    $
    (720
    )
    
    $
    670,328
    
    
    $
    2,630,775Six Months Ended June 30, 2006 (Unaudited):Balance, beginning of period
    
    
    257,866
    
    
    $
    2,491,326
    
    
    
    (33,760
    )
    
    $
    (693,576
    )
    
    $
    (22,093
    )
    
    $
    781,844
    
    
    $
    2,557,501Comprehensive Income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    216,060
    
    
    
    216,060Cumulative effect of change in accounting principle
for servicing financial assets, net of tax of $6,521
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    12,110
    
    
    
    12,110Unrealized net losses on investment securities
arising during the period, net of reclassification
of net realized gains
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (35,707
    )
    
    
    
    
    
    
    (35,707
    )Unrealized gains on cash flow hedging derivatives
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13,709
    
    
    
    
    
    
    
    13,709Total comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    206,172Cash dividends declared ($0.50 per share)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (121,103
    )
    
    
    (121,103
    )Shares issued pursuant to acquisition
    
    
    
    
    
    
    53,366
    
    
    
    25,350
    
    
    
    522,390
    
    
    
    
    
    
    
    
    
    
    
    575,756Stock based compensation expense
    
    
    
    
    
    
    8,547
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,547Treasury shares purchased
    
    
    
    
    
    
    
    
    
    
    (12,931
    )
    
    
    (303,943
    )
    
    
    
    
    
    
    
    
    
    
    (303,943
    )Stock options exercised, net of related tax effects
    
    
    
    
    
    
    (1,196
    )
    
    
    880
    
    
    
    18,445
    
    
    
    
    
    
    
    
    
    
    
    17,249Other
    
    
    
    
    
    
    51
    
    
    
    (44
    )
    
    
    (1,074
    )
    
    
    
    
    
    
    
    
    
    
    (1,023
    )Balance, end of period (Unaudited)
    
    
    257,866
    
    
    $
    2,552,094
    
    
    
    (20,505
    )
    
    $
    (457,758
    )
    
    $
    (44,091
    )
    
    $
    888,911
    
    
    $
    2,939,156
 See notes to unaudited condensed consolidated financial statements.
 5




---



##### 



Huntington Bancshares Incorporated
 
 Condensed Consolidated Statements of Cash Flows  (Unaudited)
 Six Months EndedJune 30,(in thousands of dollars)
    
    2006
    
    2005Operating activitiesNet income
    
    $
    216,060
    
    
    $
    202,944Adjustments to reconcile net income to
net cash provided by operating activites:Provision for credit losses
    
    
    35,285
    
    
    
    32,769Depreciation on operating lease assets
    
    
    23,666
    
    
    
    61,263Amortization of mortgage servicing rights
    
    
    
    
    
    
    9,948Other depreciation and amortization
    
    
    37,679
    
    
    
    39,153Mortgage servicing rights impairment charges
    
    
    
    
    
    
    6,471Mortgage servicing rights valuation adjustment
    
    
    (10,669
    )
    
    
    Stock-based compensation expense
    
    
    8,547
    
    
    
    Deferred income tax (benefit) expense
    
    
    (123,830
    )
    
    
    4,305Increase in trading account securities
    
    
    (27,290
    )
    
    
    (19,085
    )Originations of loans held for sale
    
    
    (1,318,453
    )
    
    
    (1,065,372
    )Principal payments on and proceeds from loans held for sale
    
    
    1,313,926
    
    
    
    893,788Losses (gains) on sales of investment securities
    
    
    55
    
    
    
    (614
    )Gains on sales/securitizations of loans
    
    
    (980
    )
    
    
    (254
    )Increase of cash surrender value of bank owned life insurance
    
    
    (20,846
    )
    
    
    (20,243
    )Increase (decrease) in payable to investors in sold loans
    
    
    4,498
    
    
    
    (134,561
    )Other, net
    
    
    (235,146
    )
    
    
    (113,052
    )Net cash used for operating activities
    
    
    (97,498
    )
    
    
    (102,540
    )Investing activitiesIncrease in interest bearing deposits in banks
    
    
    (12,089
    )
    
    
    (360
    )Net cash received for acquisition
    
    
    66,507
    
    
    
    Proceeds from:Maturities and calls of investment securities
    
    
    241,871
    
    
    
    207,874Sales of investment securities
    
    
    376,263
    
    
    
    1,476,685Purchases of investment securities
    
    
    (1,024,048
    )
    
    
    (1,273,933
    )Net loan and lease originations, excluding sales
    
    
    (246,265
    )
    
    
    (1,056,834
    )Purchases of equipment for operating lease assets
    
    
    (10,934
    )
    
    
    (8,353
    )Proceeds from sale of operating lease assets
    
    
    82,139
    
    
    
    174,427Proceeds from sale of premises and equipment
    
    
    4,100
    
    
    
    989Purchases of premises and equipment
    
    
    (12,645
    )
    
    
    (28,500
    )Proceeds from sales of other real estate
    
    
    6,767
    
    
    
    41,899Net cash used for investing activities
    
    
    (528,334
    )
    
    
    (466,106
    )Financing activitiesIncrease in deposits
    
    
    495,827
    
    
    
    1,562,607Increase in short-term borrowings
    
    
    157,532
    
    
    
    59,302Proceeds from issuance of subordinated notes
    
    
    250,000
    
    
    
    Proceeds from Federal Home Loan Bank advances
    
    
    2,162,050
    
    
    
    557,789Maturity of Federal Home Loan Bank advances
    
    
    (2,148,969
    )
    
    
    (925,013
    )Proceeds from issuance of long-term debt
    
    
    935,000
    
    
    
    Maturity of long-term debt
    
    
    (635,549
    )
    
    
    (975,000
    )Tax benefits in excess of recognized compensation cost for share-based payments
    
    
    668
    
    
    
    Dividends paid on common stock
    
    
    (103,096
    )
    
    
    (92,520
    )Repurchases of common stock
    
    
    (303,943
    )
    
    
    (44,178
    )Net proceeds from issuance of common stock
    
    
    17,249
    
    
    
    18,041Net cash provided by financing activities
    
    
    826,769
    
    
    
    161,028Change in cash and cash equivalents
    
    
    200,937
    
    
    
    (407,618
    )Cash and cash equivalents at beginning of period
    
    
    1,040,776
    
    
    
    1,505,360Cash and cash equivalents at end of period
    
    $
    1,241,713
    
    
    $
    1,097,742Supplemental disclosures:Income taxes paid
    
    $
    194,505
    
    
    $
    95,611Interest paid
    
    
    463,979
    
    
    
    279,823Non-cash activitiesCommon stock dividends accrued, paid in subsequent quarter
    
    
    46,884
    
    
    
    39,613Stock issued for purchase acquisition
    
    
    575,756
    
    
    
    
 See notes to unaudited condensed consolidated financial statements.
 6




---



##### 



Notes to Unaudited Condensed Consolidated Financial Statements
 Note 1  Basis of Presentation
    Note 2  New Accounting Pronouncements
 Financial Accounting Standards Board (FASB) Statement No. 123 (revised 2004), Share-Based Payment
(Statement No. 123R) Accounting for Stock-Based Compensation (Statement No.123) Accounting for Stock Issued to Employees
 FASB Statement No. 154, Accounting Changes and Error Corrections  a replacement of APB Opinion
No. 20 and FASB Statement No. 3 (Statement No. 154) Accounting Changes Reporting
Accounting Changes in Interim Financial Statements
 FASB Statement No. 155, Accounting for Certain Hybrid Financial Instruments, an amendment of FASB
Statements No. 133 and 140 (Statement No. 155) Recognition and Measurement
of Derivatives: Application of Statement No. 133 to Beneficial Interests in Securitized Financial
Assets Accounting for Transfers and Servicing of
Financial Assets and Extinguishment of Liabilitiesa replacement of FASB Statement No. 125
 7




---



##### 



FASB Statement No. 156, Accounting for Servicing of Financial Assets  an amendment of FASB
Statement No. 140 Statement No. 156) (See Note 5.)
 FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes Accounting for Uncertainty in Income Taxes Accounting for Income Taxes
 Proposed FASB amendment to FAS 132, Employers Accounting for Defined Benefit Pension and Other
Postretirement Plans  an amendment of FASB Statements No. 87, 88, 106 and 132R
 Note 3  Formal Regulatory Supervisory Agreements
    8




---



##### 



Note 4   Business Combination
    (in thousands)
    
    March 1, 2006Purchase price
    
    $
    575,793Carrying value of net assets acquired
    
    
    (194,996
    )Excess of purchase price over carrying value of net assets acquired
    
    
    380,797Purchase accounting adjustments:Loans and leases
    
    
    17,466Premises and equipment
    
    
    421Accrued income and other assets
    
    
    257Deposits
    
    
    748Subordinated notes
    
    
    2,845Deferred federal income tax liability
    
    
    11,838Accrued expenses and other liabilities
    
    
    8,047Goodwill and other intangible assets
    
    
    422,419Less other intangible assets:Core deposit intangible
    
    
    (45,000
    )Other identifiable intangible assets
    
    
    (18,252
    )Other intangible assets
    
    
    (63,252
    )Goodwill
    
    $
    359,167
   9




---



##### 



(in thousands)
    
    March 1, 2006AssetsCash and due from banks
    
    $
    66,544Interest bearing deposits in banks
    
    
    3,096Investment securities
    
    
    300,416Loans and leases
    
    
    1,665,006Allowance for loan and lease losses
    
    
    (22,187
    )Net loans and leases
    
    
    1,642,819Bank owned life insurance
    
    
    48,521Premises and equipment
    
    
    20,980Goodwill
    
    
    359,167Other intangible assets
    
    
    63,252Accrued income and other assets
    
    
    22,012Total assets
    
    
    2,526,807LiabilitiesDeposits
    
    
    1,696,124Short-term borrowings
    
    
    79,140Federal Home Loan Bank advances
    
    
    102,950Subordinated notes
    
    
    23,464Deferred federal income tax liability
    
    
    11,838Accrued expenses and other liabilities
    
    
    37,498Total liabilities
    
    
    1,951,014Purchase price
    
    $
    575,793
  Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,(in thousands, except per share amounts)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Net interest income
    
    $
    262,195
    
    
    $
    259,317
    
    
    $
    517,487
    
    
    $
    511,932Provision for credit losses
    
    
    (15,745
    )
    
    
    (14,561
    )
    
    
    (36,395
    )
    
    
    (36,101
    )Net interest income after provision for
credit losses
    
    
    246,450
    
    
    
    244,756
    
    
    
    481,092
    
    
    
    475,831Non-interest income
    
    
    163,019
    
    
    
    163,347
    
    
    
    327,337
    
    
    
    338,574Non-interest expense
    
    
    (252,359
    )
    
    
    (266,091
    )
    
    
    (502,620
    )
    
    
    (542,323
    )Income before income taxes
    
    
    157,110
    
    
    
    142,012
    
    
    
    305,809
    
    
    
    272,082Provision for income taxes
    
    
    (45,506
    )
    
    
    (32,029
    )
    
    
    (88,306
    )
    
    
    (62,021
    )Net income
    
    $
    111,604
    
    
    $
    109,983
    
    
    $
    217,503
    
    
    $
    210,061Net income per common shareBasic
    
    $
    0.46
    
    
    $
    0.43
    
    
    $
    0.89
    
    
    $
    0.82Diluted
    
    
    0.46
    
    
    
    0.42
    
    
    
    0.88
    
    
    
    0.81Average common shares outstandingBasic
    
    
    241,729
    
    
    
    257,451
    
    
    
    244,799
    
    
    
    257,255Diluted
    
    
    244,538
    
    
    
    261,032
    
    
    
    247,901
    
    
    
    260,723
  10




---



##### 



Note 5  Goodwill and Other Intangible Assets
  Regional
    
    Dealer
    
    
    
    
    
    Treasury/
    
    Huntington(in thousands)
    
    Banking
    
    Sales
    
    PFCMG
    
    Other
    
    ConsolidatedBalance, January 1, 2006
    
    $
    199,970
    
    
    $
    
    
    
    $
    12,560
    
    
    $
    
    
    
    $
    212,530Goodwill acquired during the
period
    
    
    341,200
    
    
    
    
    
    
    
    17,967
    
    
    
    
    
    
    
    359,167Impairment losses recognized
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Balance, June 30, 2006
    
    $
    541,170
    
    
    $
    
    
    
    $
    30,527
    
    
    $
    
    
    
    $
    571,697
 Goodwill and Other Intangible
Assets, th
  June 30, 2006Gross
    
    Accumulated
    
    Net(in thousands)
    
    Carrying Amount
    
    Amortization
    
    Carrying ValueOther intangible assets:Leasehold purchased
    
    $
    23,655
    
    
    $
    (19,224
    )
    
    $
    4,431Core deposit intangible
    
    
    45,000
    
    
    
    (3,010
    )
    
    
    41,990Borrower relationship
    
    
    6,570
    
    
    
    (182
    )
    
    
    6,388Trust customers
    
    
    11,430
    
    
    
    (327
    )
    
    
    11,103Other
    
    
    382
    
    
    
    (153
    )
    
    
    229Total other intangible assets
    
    $
    87,037
    
    
    $
    (22,896
    )
    
    $
    64,141
   AmortizationFiscal year:
    
    Expense2007
    
    
    9,8152008
    
    
    8,6532009
    
    
    7,7482010
    
    
    6,9492011
    
    
    6,229
 Note 6  Loan Sales and Securitizations
 Automobile loans
  11




---



##### 



Three Months Ended
    
    Six Months EndedJune 30,
    
    June 30,(in thousands)
    
    2006
    
    2005
    
    2006
    
    2005Carrying value, beginning of period
    
    $
    9,610
    
    
    $
    17,046
    
    
    $
    10,805
    
    
    $
    20,286New servicing assets
    
    
    1,364
    
    
    
    332
    
    
    
    2,362
    
    
    
    332Amortization
    
    
    (1,989
    )
    
    
    (3,050
    )
    
    
    (4,182
    )
    
    
    (6,290
    )Impairment charges
    
    
    
    
    
    
    (66
    )
    
    
    
    
    
    
    (66
    )Carrying value, end of period
    
    $
    8,985
    
    
    $
    14,262
    
    
    $
    8,985
    
    
    $
    14,262Fair value, end of period
    
    $
    10,486
    
    
    $
    14,842
    
    
    $
    10,486
    
    
    $
    14,842
   Residential Mortgage Loans
    Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,(in thousands)
    
    2006
    
    
    2006Carrying value, beginning of period
    
    $
    N/A
    
    
    $
    91,259Cumulative effect in change in accounting principle
    
    
    N/A
    
    
    
    18,631Fair value, beginning of period
    
    
    123,257
    
    
    
    109,890New servicing assets created
    
    
    7,434
    
    
    
    13,211Servicing assets acquired
    
    
    565
    
    
    
    2,474Change in fair value during the period
    
    
    4,988
    
    
    
    10,669Fair value, end of period
    
    $
    136,244
    
    
    $
    136,244N/A, Not applicable
 12




---



##### 



Decline in fair valuedue to10%
    
    20%adverse
    
    adverse(in thousands)
    
    Actual
    
    change
    
    changeConstant pre-payment rate
    
    
    10.44
    %
    
    $
    (5,252
    )
    
    $
    (10,168
    )Discount rate
    
    
    9.39
    
    
    
    (5,344
    )
    
    
    (10,293
    )
    Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,(in thousands)
    
    2005
    
    
    2005Balance, beginning of period
    
    $
    (1,015
    )
    
    $
    (4,775
    )Impairment charges
    
    
    (10,231
    )
    
    
    (11,411
    )Impairment recovery
    
    
    
    
    
    
    4,940Balance, end of period
    
    $
    (11,246
    )
    
    $
    (11,246
    )
  Three Months Ended
    
    Six Months EndedJune 30,
    
    June 30,(in thousands)
    
    2006
    
    2005
    
    2006
    
    2005Servicing fees
    
    $
    5,996
    
    
    $
    5,464
    
    
    $
    11,920
    
    
    $
    10,858Late fees
    
    
    551
    
    
    
    504
    
    
    
    1,161
    
    
    
    1,009Ancillary fees
    
    
    88
    
    
    
    171
    
    
    
    341
    
    
    
    297Total fee income
    
    $
    6,635
    
    
    $
    6,139
    
    
    $
    13,422
    
    
    $
    12,164
 13




---



##### 



Note 6  Investment Securities
   June 30, 2006
    
    December 31, 2005
    
    June 30, 2005Amortized
    
    
    
    
    
    Amortized
    
    
    
    
    
    Amortized(in thousands)
    
    Cost
    
    Fair Value
    
    Cost
    
    Fair Value
    
    Cost
    
    Fair ValueU.S. TreasuryUnder 1 year
    
    $
    699
    
    
    $
    704
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    1-5 years
    
    
    21,924
    
    
    
    21,083
    
    
    
    23,446
    
    
    
    22,893
    
    
    
    23,949
    
    
    
    23,8216-10 years
    
    
    504
    
    
    
    522
    
    
    
    753
    
    
    
    782
    
    
    
    248
    
    
    
    267Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total U.S. Treasury
    
    
    23,127
    
    
    
    22,309
    
    
    
    24,199
    
    
    
    23,675
    
    
    
    24,197
    
    
    
    24,088Federal agenciesMortgage backed securitiesUnder 1 year
    
    
    350
    
    
    
    347
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    32,033
    
    
    
    30,619
    
    
    
    31,058
    
    
    
    30,047
    
    
    
    15,221
    
    
    
    15,0106-10 years
    
    
    549
    
    
    
    519
    
    
    
    
    
    
    
    
    
    
    
    19,775
    
    
    
    19,568Over 10 years
    
    
    1,252,384
    
    
    
    1,194,850
    
    
    
    1,278,540
    
    
    
    1,248,975
    
    
    
    1,118,023
    
    
    
    1,108,410Total mortgage-backed Federal agencies
    
    
    1,285,316
    
    
    
    1,226,335
    
    
    
    1,309,598
    
    
    
    1,279,022
    
    
    
    1,153,019
    
    
    
    1,142,988Other agenciesUnder 1 year
    
    
    45,000
    
    
    
    44,284
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    249,604
    
    
    
    237,742
    
    
    
    296,945
    
    
    
    286,754
    
    
    
    410,298
    
    
    
    403,8836-10 years
    
    
    50,000
    
    
    
    45,922
    
    
    
    52,440
    
    
    
    49,712
    
    
    
    198,210
    
    
    
    193,763Over 10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total other Federal agencies
    
    
    344,604
    
    
    
    327,948
    
    
    
    349,385
    
    
    
    336,466
    
    
    
    608,508
    
    
    
    597,646Total Federal agencies
    
    
    1,629,920
    
    
    
    1,554,283
    
    
    
    1,658,983
    
    
    
    1,615,488
    
    
    
    1,761,527
    
    
    
    1,740,634Municipal securitiesUnder 1 year
    
    
    42
    
    
    
    42
    
    
    
    65
    
    
    
    65
    
    
    
    65
    
    
    
    651-5 years
    
    
    103
    
    
    
    103
    
    
    
    145
    
    
    
    145
    
    
    
    166
    
    
    
    1656-10 years
    
    
    154,360
    
    
    
    150,215
    
    
    
    144,415
    
    
    
    143,597
    
    
    
    102,460
    
    
    
    103,599Over 10 years
    
    
    430,118
    
    
    
    421,243
    
    
    
    400,156
    
    
    
    401,043
    
    
    
    393,905
    
    
    
    402,053Total municipal securities
    
    
    584,623
    
    
    
    571,603
    
    
    
    544,781
    
    
    
    544,850
    
    
    
    496,596
    
    
    
    505,882Private label CMOUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    749,019
    
    
    
    731,031
    
    
    
    402,959
    
    
    
    393,569
    
    
    
    424,521
    
    
    
    420,103Total private label CMO
    
    
    749,019
    
    
    
    731,031
    
    
    
    402,959
    
    
    
    393,569
    
    
    
    424,521
    
    
    
    420,103Asset backed securitiesUnder 1 year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1-5 years
    
    
    30,000
    
    
    
    30,000
    
    
    
    31,663
    
    
    
    31,659
    
    
    
    34,625
    
    
    
    34,6366-10 years
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Over 10 years
    
    
    1,949,008
    
    
    
    1,948,538
    
    
    
    1,757,031
    
    
    
    1,757,121
    
    
    
    1,011,868
    
    
    
    1,015,621Total asset backed securities
    
    
    1,979,008
    
    
    
    1,978,538
    
    
    
    1,788,694
    
    
    
    1,788,780
    
    
    
    1,046,493
    
    
    
    1,050,257OtherUnder 1 year
    
    
    1,900
    
    
    
    1,900
    
    
    
    1,700
    
    
    
    1,700
    
    
    
    1,200
    
    
    
    1,2001-5 years
    
    
    8,795
    
    
    
    8,780
    
    
    
    10,997
    
    
    
    11,051
    
    
    
    12,109
    
    
    
    12,3826-10 years
    
    
    1,050
    
    
    
    985
    
    
    
    2,062
    
    
    
    2,063
    
    
    
    1,555
    
    
    
    1,573Over 10 years
    
    
    44
    
    
    
    43
    
    
    
    44
    
    
    
    43
    
    
    
    87,657
    
    
    
    87,939Non-marketable equity securities
    
    
    146,957
    
    
    
    146,957
    
    
    
    89,661
    
    
    
    89,661
    
    
    
    
    
    
    
    Marketable equity securities
    
    
    108,025
    
    
    
    108,253
    
    
    
    55,058
    
    
    
    55,640
    
    
    
    5,657
    
    
    
    5,897Total other
    
    
    266,771
    
    
    
    266,918
    
    
    
    159,522
    
    
    
    160,158
    
    
    
    108,178
    
    
    
    108,991Total investment securities
    
    $
    5,232,468
    
    
    $
    5,124,682
    
    
    $
    4,579,138
    
    
    $
    4,526,520
    
    
    $
    3,861,512
    
    
    $
    3,849,955Duration in years(1)
    
    
    
    
    
    
    3.0
    
    
    
    
    
    
    
    2.8
    
    
    
    
    
    
    
    3.0
 (1)
    
    The average duration assumes a market driven pre-payment rate on securities subject
to pre-payment. 14




---



##### 



Note 8  Other Comprehensive Income
  Three Months Ended
    
    Six Months EndedJune 30,
    
    June 30,(in thousands)
    
    2006
    
    2005
    
    2006
    
    2005Unrealized gains and losses on investment securities arising during the period:Unrealized net (losses) gains
    
    $
    (26,652
    )
    
    $
    39,881
    
    
    $
    (55,223
    )
    
    $
    8,716Related tax benefit (expense)
    
    
    9,616
    
    
    
    (14,067
    )
    
    
    19,480
    
    
    
    (3,069
    )Net
    
    
    (17,036
    )
    
    
    25,814
    
    
    
    (35,743
    )
    
    
    5,647Reclassification adjustment for net losses (gains) from sales
of investment securities realized during the period:Realized net losses (gains)
    
    
    35
    
    
    
    343
    
    
    
    55
    
    
    
    (614
    )Related tax (benefit) expense
    
    
    (12
    )
    
    
    (120
    )
    
    
    (19
    )
    
    
    215Net
    
    
    23
    
    
    
    223
    
    
    
    36
    
    
    
    (399
    )Total unrealized net (losses) gains on investment securities arising during the period,
net of reclassification of net realized gains and losses
    
    
    (17,013
    )
    
    
    26,037
    
    
    
    (35,707
    )
    
    
    5,248Unrealized gains (losses) on cash flow hedging derivatives arising during the period:Unrealized net (losses) gains
    
    
    6,702
    
    
    
    (12,417
    )
    
    
    21,091
    
    
    
    7,592Related tax benefit (expense)
    
    
    (2,346
    )
    
    
    4,346
    
    
    
    (7,382
    )
    
    
    (2,657
    )Net
    
    
    4,356
    
    
    
    (8,071
    )
    
    
    13,709
    
    
    
    4,935Total other comprehensive (loss) income
    
    $
    (12,657
    )
    
    $
    17,966
    
    
    $
    (21,998
    )
    
    $
    10,183
  Unrealized gainsand losses on
    
    
    Unrealized gains on
    
    
    Minimuminvestment
    
    
    cash flow hedging
    
    
    pension(in thousands)
    
    securities
    
    
    derivatives
    
    
    liability
    
    
    TotalBalance, December 31, 2004
    
    $
    (12,683
    )
    
    $
    4,252
    
    
    $
    (2,472
    )
    
    $
    (10,903
    )Period change
    
    
    5,248
    
    
    
    4,935
    
    
    
    
    
    
    
    10,183Balance, June 30, 2005
    
    $
    (7,435
    )
    
    $
    9,187
    
    
    $
    (2,472
    )
    
    $
    (720
    )Balance, December 31, 2005
    
    $
    (34,016
    )
    
    $
    15,206
    
    
    $
    (3,283
    )
    
    $
    (22,093
    )Period change
    
    
    (35,707
    )
    
    
    13,709
    
    
    
    
    
    
    
    (21,998
    )Balance, June 30, 2006
    
    $
    (69,723
    )
    
    $
    28,915
    
    
    $
    (3,283
    )
    
    $
    (44,091
    )
 15




---



##### 



Note 9  Earnings per Share
  Three Months Ended
    
    Six Months EndedJune 30,
    
    June 30,(in thousands, except per share amounts)
    
    2006
    
    2005
    
    2006
    
    2005Net income
    
    $
    111,604
    
    
    $
    106,425
    
    
    $
    216,060
    
    
    $
    202,944Average common shares outstanding
    
    
    241,729
    
    
    
    232,217
    
    
    
    236,349
    
    
    
    232,021Dilutive potential common shares
    
    
    2,809
    
    
    
    3,454
    
    
    
    3,102
    
    
    
    3,341Diluted average common shares outstanding
    
    
    244,538
    
    
    
    235,671
    
    
    
    239,451
    
    
    
    235,362Earnings per shareBasic
    
    $
    0.46
    
    
    $
    0.46
    
    
    $
    0.91
    
    
    $
    0.87Diluted
    
    
    0.46
    
    
    
    0.45
    
    
    
    0.90
    
    
    
    0.86
   Note 10  Stock-Based Compensation
  Accounting for Stock Issued to Employees
  16




---



##### 



Stock-based compensation expenseThree Months Ended
    
    Six Months Ended(in tmillions, except per share amounts)
    
    June 30, 2006
    
    June 30, 2006Income before income taxes
    
    $
    (4.3
    )
    
    $
    (8.5
    )Net income
    
    
    (2.8
    )
    
    
    (5.6
    )Earnings per shareBasic
    
    $
    (0.01
    )
    
    $
    (0.02
    )Diluted
    
    
    (0.01
    )
    
    
    (0.02
    )
   Three Months Ended
    
    Six Months EndedJune 30,
    
    June 30,2006
    
    2005
    
    2006
    
    2005AssumptionsRisk-free interest rate
    
    
    4.61
    %
    
    
    3.63
    %
    
    
    4.58
    %
    
    
    4.02
    %Expected dividend yield
    
    
    4.18
    
    
    
    3.24
    
    
    
    4.20
    
    
    
    3.42Expected volatility of
Huntingtons common stock
    
    
    22.2
    
    
    
    26.3
    
    
    
    22.2
    
    
    
    26.3Expected option term (years)
    
    
    6.0
    
    
    
    6.0
    
    
    
    6.0
    
    
    
    6.0Weighted-average grant date fair value
    
    $
    4.20
    
    
    $
    5.01
    
    
    $
    4.23
    
    
    $
    4.89
  Three Months Ended
    
    Three Months Ended(in millions, except per share amounts)
    
    June 30, 2005
    
    June 30, 2005Pro forma resultsNet income, as reported
    
    $
    106.4
    
    
    $
    202.9Pro forma expense, net of tax
    
    
    (2.9
    )
    
    
    (5.8
    )Pro forma net income
    
    $
    103.5
    
    
    $
    197.1Net income per common share:Basic, as reported
    
    $
    0.46
    
    
    $
    0.87Basic, pro forma
    
    
    0.45
    
    
    
    0.85Diluted, as reported
    
    
    0.45
    
    
    
    0.86Diluted, pro forma
    
    
    0.44
    
    
    
    0.84
 17




---



##### 



Weighted-Weighted-
    
    
    AverageAverage
    
    
    Remaining
    
    
    AggregateExercise
    
    
    Contractual
    
    
    Intrinsic(in thousands, except per share amounts)
    
    Options
    
    
    Price
    
    
    Life (Years)
    
    
    ValueOutstanding at January 1, 2006
    
    
    21,004
    
    
    $
    21.11Granted
    
    
    58
    
    
    
    23.82Acquired (1)
    
    
    655
    
    
    
    16.56Exercised
    
    
    (882
    )
    
    
    17.37Forfeited/expired
    
    
    (340
    )
    
    
    22.70Outstanding at June 30, 2006
    
    
    20,495
    
    
    $
    21.10
    
    
    
    5.2
    
    
    $
    62,471Exercisable at June 30, 2006
    
    
    12,882
    
    
    $
    20.13
    
    
    
    4.7
    
    
    $
    52,845
 (1)
    
    Relates to option plans acquired from the merger with Unizan.
    Weighted-AverageGrant Date(in thousands, except per share amounts)
    
    Options
    
    
    Fair ValueNonvested at January 1, 2006
    
    
    7,956
    
    
    $
    5.53Granted
    
    
    58
    
    
    
    4.23Acquired (1)
    
    
    19
    
    
    
    4.61Vested
    
    
    (112
    )
    
    
    5.35Forfeited
    
    
    (308
    )
    
    
    5.51Nonvested at June 30, 2006
    
    
    7,613
    
    
    $
    5.52
 (1)
    
    Relates to option plans acquired from the merger with Unizan.
   (in thousands, except per share amounts)
    
    Options Outstanding
    
    
    Exercisable OptionsWeighted-Average
    
    
    Weighted-
    
    
    
    
    
    
    Weighted-Remaining
    
    
    Average
    
    
    
    
    
    
    AverageRange of
    
    
    
    
    
    Contractual
    
    
    Exercise
    
    
    
    
    
    
    ExerciseExercise Prices
    
    Shares
    
    
    Life (Years)
    
    
    Price
    
    
    Shares
    
    
    Price$9.91 to $15.00
    
    
    773
    
    
    
    5.1
    
    
    $
    14.23
    
    
    
    773
    
    
    $
    14.23$15.01 to $20.00
    
    
    7,940
    
    
    
    5.0
    
    
    
    18.06
    
    
    
    6,567
    
    
    
    17.67$20.01 to $25.00
    
    
    9,516
    
    
    
    5.9
    
    
    
    22.74
    
    
    
    3,294
    
    
    
    21.58$25.01 to $28.35
    
    
    2,266
    
    
    
    2.6
    
    
    
    27.22
    
    
    
    2,248
    
    
    
    27.24Total
    
    
    20,495
    
    
    
    5.2
    
    
    $
    21.10
    
    
    
    12,882
    
    
    $
    20.13
 18




---



##### 



Note 11  Benefit Plans
   Pension Benefits
    
    
    Post Retirement BenefitsThree Months Ended
    
    
    Three Months EndedJune 30,
    
    
    June 30,(in thousands of dollars)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Service cost
    
    $
    4,414
    
    
    $
    3,547
    
    
    $
    383
    
    
    $
    353Interest cost
    
    
    5,539
    
    
    
    4,754
    
    
    
    565
    
    
    
    778Expected return on plan assets
    
    
    (8,319
    )
    
    
    (6,716
    )
    
    
    
    
    
    
    Amortization of transition asset
    
    
    
    
    
    
    (1
    )
    
    
    276
    
    
    
    276Amortization of prior service cost
    
    
    
    
    
    
    
    
    
    
    95
    
    
    
    95Settlements
    
    
    1,000
    
    
    
    750
    
    
    
    
    
    
    
    Recognized net actuarial loss
    
    
    4,377
    
    
    
    2,672
    
    
    
    (181
    )
    
    
    Benefit expense
    
    $
    7,011
    
    
    $
    5,006
    
    
    $
    1,138
    
    
    $
    1,502
 Pension Benefits
    
    
    Post Retirement BenefitsSix Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,(in thousands of dollars)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Service cost
    
    $
    8,723
    
    
    $
    7,092
    
    
    $
    720
    
    
    $
    706Interest cost
    
    
    11,078
    
    
    
    9,507
    
    
    
    1,130
    
    
    
    1,556Expected return on plan assets
    
    
    (16,539
    )
    
    
    (12,812
    )
    
    
    
    
    
    
    Amortization of transition asset
    
    
    
    
    
    
    (2
    )
    
    
    552
    
    
    
    552Amortization of prior service cost
    
    
    1
    
    
    
    1
    
    
    
    190
    
    
    
    189Settlements
    
    
    2,000
    
    
    
    1,500
    
    
    
    
    
    
    
    Recognized net actuarial loss
    
    
    8,754
    
    
    
    5,345
    
    
    
    (362
    )
    
    
    Benefit expense
    
    $
    14,017
    
    
    $
    10,631
    
    
    $
    2,230
    
    
    $
    3,003
   19




---



##### 



Note 12  Commitments and Contingent Liabilities
 Commitments to extend credit :
  June 30,
    
    December 31,
    
    June 30,(in millions)
    
    2006
    
    2005
    
    2005Contract amount represents credit riskCommitments to extend creditCommercial
    
    $
    4,021
    
    
    $
    3,316
    
    
    $
    2,947Consumer
    
    
    3,595
    
    
    
    3,046
    
    
    
    2,983Commercial real estate
    
    
    1,764
    
    
    
    1,567
    
    
    
    1,480Standby letters of credit
    
    
    1,121
    
    
    
    1,079
    
    
    
    968Commercial letters of credit
    
    
    54
    
    
    
    47
    
    
    
    61
    Commitments to sell loans:
   20




---



##### 



Litigation:
  Note 13  Derivative Financial Instruments
    Asset and Liability Management
    21




---



##### 



Average
    
    
    
    
    
    Weighted-AverageNotional
    
    Maturity
    
    Fair
    
    Rate(in thousands )
    
    Value
    
    (years)
    
    Value
    
    Receive
    
    PayLiability conversion swapsReceive fixed  generic
    
    $
    925,250
    
    
    
    8.9
    
    
    $
    (35,672
    )
    
    
    5.12
    %
    
    
    5.38
    %Receive fixed  callable
    
    
    665,000
    
    
    
    6.7
    
    
    
    (28,776
    )
    
    
    4.46
    
    
    
    5.10Pay fixed  generic
    
    
    490,000
    
    
    
    3.3
    
    
    
    6,468
    
    
    
    5.18
    
    
    
    5.04Total liability conversion swaps
    
    
    2,080,250
    
    
    
    6.9
    
    
    
    (57,980
    )
    
    
    4.92
    %
    
    
    5.21
    %Liability capsPay fixed  forwards
    
    
    300,000
    
    
    
    N/A
    
    
    
    3,165
    
    
    
    N/A
    
    
    
    N/ATotal swap portfolio
    
    $
    2,380,250
    
    
    
    6.9
    
    
    $
    (54,815
    )
    
    
    4.92
    %
    
    
    5.21
    %
 N/A, not applicable
    Fair Value
    
    Cash Flow(in thousands )
    
    Hedges
    
    Hedges
    
    TotalInstruments associated with:Deposits
    
    $
    790,250
    
    
    $
    400,000
    
    
    $
    1,190,250Federal Home Loan Bank advances
    
    
    
    
    
    
    325,000
    
    
    
    325,000Subordinated notes
    
    
    750,000
    
    
    
    
    
    
    
    750,000Other long-term debt
    
    
    50,000
    
    
    
    65,000
    
    
    
    115,000Total notional value at June 30, 2006
    
    $
    1,590,250
    
    
    $
    790,000
    
    
    $
    2,380,250
  22




---



##### 



Derivatives Used in Mortgage Banking Activities
  At June 30,(in thousands)
    
    2006
    
    
    2005Derivative assets:Interest rate lock agreements
    
    $
    232
    
    
    $
    1,333Forward trades and options
    
    
    3,029
    
    
    
    243Total derivative assets
    
    
    3,261
    
    
    
    1,576Derivative liabilities:Interest rate lock agreements
    
    
    (1,222
    )
    
    
    (861
    )Forward trades and options
    
    
    (35
    )
    
    
    (2,122
    )Total derivative liabilities
    
    
    (1,257
    )
    
    
    (2,983
    )Net derivative asset (liability)
    
    $
    2,004
    
    
    $
    (1,407
    )
 Derivatives Used in Trading Activities
    23




---



##### 



Note 14  Shareholders Equity
 Share Repurchase Program:
     Total Number of Shares
    
    Maximum Number ofTotal Number
    
    Average
    
    Purchased as Part of
    
    Shares that May Yet Beof Shares
    
    Price Paid
    
    Publicly Announced Plans
    
    Purchased Under thePeriod
    
    Purchased
    
    Per Share
    
    or Programs(1)
    
    Plans or Programs(1)April 1, 2006 to April 30, 2006
    
    
    
    
    
    $
    
    
    
    
    
    
    
    
    15,000,000May 1, 2006 to May 31, 2006
    
    
    8,100,000
    
    
    
    23.53
    
    
    
    8,100,000
    
    
    
    6,900,000June 1, 2006 to June 30, 2006
    
    
    
    
    
    
    
    
    
    
    8,100,000
    
    
    
    6,900,000Total
    
    
    8,100,000
    
    
    $
    23.53
    
    
    
    8,100,000
    
    
    
    6,900,000
 (1)
    
    Information is as of the end of the period.
 24




---



##### 



Note 15  Segment Reporting
   Regional Banking:
 Dealer Sales:
 Private Financial and Capital Markets Group (PFCMG):
 Treasury / Other:
 Use of Operating Earnings to Measure Segment Performance
   25




---



##### 



Three Months Ended June 30,Income Statements
    
    Regional
    
    Dealer
    
    
    
    
    
    Treasury/
    
    Huntington(in thousands of dollars)
    
    Banking
    
    Sales
    
    PFCMG
    
    Other
    
    Consolidated2006Net interest income
    
    $
    227,454
    
    
    $
    34,803
    
    
    $
    18,037
    
    
    $
    (18,099
    )
    
    $
    262,195Provision for credit losses
    
    
    (14,844
    )
    
    
    949
    
    
    
    (1,850
    )
    
    
    
    
    
    
    (15,745
    )Non-interest income
    
    
    92,785
    
    
    
    21,489
    
    
    
    39,139
    
    
    
    9,606
    
    
    
    163,019Non-interest expense
    
    
    (175,524
    )
    
    
    (27,936
    )
    
    
    (37,464
    )
    
    
    (11,435
    )
    
    
    (252,359
    )Income taxes
    
    
    (45,455
    )
    
    
    (10,257
    )
    
    
    (6,252
    )
    
    
    16,458
    
    
    
    (45,506
    )Operating / reported net income
    
    $
    84,416
    
    
    $
    19,048
    
    
    $
    11,610
    
    
    $
    (3,470
    )
    
    $
    111,6042005Net interest income
    
    $
    193,741
    
    
    $
    36,890
    
    
    $
    19,555
    
    
    $
    (8,286
    )
    
    $
    241,900Provision for credit losses
    
    
    (8,717
    )
    
    
    (4,468
    )
    
    
    290
    
    
    
    
    
    
    
    (12,895
    )Non-interest income
    
    
    76,321
    
    
    
    46,052
    
    
    
    33,077
    
    
    
    720
    
    
    
    156,170Non-interest expense
    
    
    (147,488
    )
    
    
    (47,905
    )
    
    
    (32,801
    )
    
    
    (19,942
    )
    
    
    (248,136
    )Income taxes
    
    
    (39,850
    )
    
    
    (10,699
    )
    
    
    (7,042
    )
    
    
    26,977
    
    
    
    (30,614
    )Operating / reported net income
    
    $
    74,007
    
    
    $
    19,870
    
    
    $
    13,079
    
    
    $
    (531
    )
    
    $
    106,425
 Six Months Ended June 30,Income Statements
    
    Regional
    
    Dealer
    
    
    
    
    
    Treasury/
    
    Huntington(in thousands of dollars)
    
    Banking
    
    Sales
    
    PFCMG
    
    Other
    
    Consolidated2006Net interest income
    
    $
    435,517
    
    
    $
    69,651
    
    
    $
    35,606
    
    
    $
    (34,899
    )
    
    $
    505,875Provision for credit losses
    
    
    (25,234
    )
    
    
    (6,813
    )
    
    
    (3,238
    )
    
    
    
    
    
    
    (35,285
    )Non-Interest income
    
    
    170,594
    
    
    
    48,465
    
    
    
    80,033
    
    
    
    23,461
    
    
    
    322,553Non-Interest expense
    
    
    (318,225
    )
    
    
    (59,294
    )
    
    
    (68,175
    )
    
    
    (45,080
    )
    
    
    (490,774
    )Income taxes
    
    
    (91,928
    )
    
    
    (18,203
    )
    
    
    (15,479
    )
    
    
    39,301
    
    
    
    (86,309
    )Operating / reported net income
    
    $
    170,724
    
    
    $
    33,806
    
    
    $
    28,747
    
    
    $
    (17,217
    )
    
    $
    216,0602005Net interest income
    
    $
    378,768
    
    
    $
    74,799
    
    
    $
    36,400
    
    
    $
    (12,869
    )
    
    $
    477,098Provision for credit losses
    
    
    (21,035
    )
    
    
    (11,399
    )
    
    
    (335
    )
    
    
    
    
    
    
    (32,769
    )Non-Interest income
    
    
    147,520
    
    
    
    99,195
    
    
    
    65,128
    
    
    
    12,377
    
    
    
    324,220Non-Interest expense
    
    
    (297,711
    )
    
    
    (104,582
    )
    
    
    (66,250
    )
    
    
    (37,870
    )
    
    
    (506,413
    )Income taxes
    
    
    (72,640
    )
    
    
    (20,304
    )
    
    
    (12,230
    )
    
    
    45,982
    
    
    
    (59,192
    )Operating / reported net income
    
    $
    134,902
    
    
    $
    37,709
    
    
    $
    22,713
    
    
    $
    7,620
    
    
    $
    202,944
 Assets at
    
    
    Deposits atBalance Sheets
    
    June 30,
    
    
    December 31,
    
    
    June 30,
    
    
    June 30,
    
    
    December 31,
    
    
    June 30,(in millions of dollars)
    
    2006
    
    
    2005
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2005Regional Banking
    
    $
    21,035
    
    
    $
    18,851
    
    
    $
    18,785
    
    
    $
    19,839
    
    
    $
    17,957
    
    
    $
    17,627Dealer Sales
    
    
    5,417
    
    
    
    5,612
    
    
    
    6,021
    
    
    
    61
    
    
    
    65
    
    
    
    68PFCMG
    
    
    2,179
    
    
    
    2,010
    
    
    
    2,009
    
    
    
    1,218
    
    
    
    1,180
    
    
    
    1,176Treasury / Other
    
    
    7,635
    
    
    
    6,292
    
    
    
    6,174
    
    
    
    3,475
    
    
    
    3,208
    
    
    
    3,460Total
    
    $
    36,266
    
    
    $
    32,765
    
    
    $
    32,989
    
    
    $
    24,593
    
    
    $
    22,410
    
    
    $
    22,331
 26