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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2011
Derivative Financial Instruments [Abstract] 
Gross notional values of derivatives used in asset and liability management activities

The following table presents the gross notional values of derivatives used in Huntington's asset and liability management activities at September 30, 2011, identified by the underlying interest rate-sensitive instruments:

   Fair Value  Cash Flow   
(dollar amounts in thousands ) Hedges  Hedges  Total
Instruments associated with:        
 Loans$ --- $ 7,045,000 $ 7,045,000
 Investment securities  ---   50,000   50,000
 Deposits  988,912   ---   988,912
 Subordinated notes  598,000   ---   598,000
 Other long-term debt  35,000   ---   35,000
Total notional value at September 30, 2011$ 1,621,912 $ 7,095,000 $ 8,716,912
Additional information about the interest rate swaps used in asset and liability management activities

The following table presents additional information about the interest rate swaps used in Huntington's asset and liability management activities at September 30, 2011:

     Average    Weighted-Average
   Notional Maturity  Fair Rate
(dollar amounts in thousands ) Value (years)  Value ReceivePay
Asset conversion swaps - receive fixed - generic$ 7,095,000 1.9 $ 80,447  1.49% 0.59%
Total asset conversion swaps  7,095,000 1.9   80,447  1.49  0.59 
Liability conversion swaps            
Liability conversion swaps - receive fixed - generic  1,591,912 3.8   115,090  2.53  0.36 
Liability conversion swaps - receive fixed - callable  30,000 9.0   425  2.98  --- 
Total liability conversion swaps  1,621,912 3.9   115,515  2.54  0.36 
Total swap portfolio$ 8,716,912 2.2 $ 195,962  1.68% 0.55%
Asset and liability derivatives included in accrued income and other assets

The following table presents the fair values at September 30, 2011, December 31, 2010, and September 30, 2010 of Huntington's derivatives that are designated and not designated as hedging instruments. Amounts in the table below are presented gross without the impact of any net collateral arrangements.

Asset derivatives included in accrued income and other assets:
   September 30,  December 31,  September 30,
(dollar amounts in thousands) 2011  2010  2010
Interest rate contracts designated as hedging instruments$ 195,962 $ 127,346 $ 190,045
Interest rate contracts not designated as hedging instruments   330,929   263,015   357,739
Foreign exchange contracts not designated as hedging instruments  20,447   2,845   ---
Total contracts$ 547,338 $ 393,206 $ 547,784
          
Liability derivatives included in accrued expenses and other liabilities
   September 30,  December 31,  September 30,
(dollar amounts in thousands) 2011  2010  2010
Interest rate contracts designated as hedging instruments$ --- $ --- $ ---
Interest rate contracts not designated as hedging instruments   265,928   233,805   297,380
Foreign exchange contracts not designated as hedging instruments  17,977   3,107   2,440
Total contracts$ 283,905 $ 236,912 $ 299,820
Increase or (decrease) to interest expense for derivatives designated as fair value hedges

The following table presents the change in fair value for derivatives designated as fair value hedges as well as the offsetting change in fair value on the hedged item for the three-month and nine-month periods ended September 30, 2011 and 2010:

   Three Months Ended  Nine Months Ended
   September 30,  September 30,
(dollar amounts in thousands) 2011  2010  2011  2010
Interest rate contracts           
 Change in fair value of interest rate swaps hedging deposits (1)$ 2,922 $ 9,083 $ 3,831 $ 14,664
 Change in fair value of hedged deposits (1)  (2,870)   (9,958)   (3,949)   (14,970)
 Change in fair value of interest rate swaps hedging subordinated notes (2)  41,170   7,817   46,407   24,178
 Change in fair value of hedged subordinated notes (2)  (41,170)   (7,817)   (46,407)   (24,178)
 Change in fair value of interest rate swaps hedging other long-term debt (2)  2,138   1,267   2,527   3,820
 Change in fair value of hedged other long-term debt (2)  (2,138)   (1,267)   (2,527)   (3,820)
             
(1) Effective portion of the hedging relationship is recognized in Interest expense - deposits in the Unaudited Condensed Consolidated Statements of Income. Any resulting ineffective portion of the hedging relationship is recognized in noninterest income in the Unaudited Condensed Consolidated Statements of Income.
             
(2) Effective portion of the hedging relationship is recognized in Interest expense - subordinated notes and other long-term debt in the Unaudited Condensed Consolidated Statements of Income. Any resulting ineffective portion of the hedging relationship is recognized in noninterest income in the Unaudited Condensed Consolidated Statements of Income.
Gains and (losses) recognized in other comprehensive income (loss) (OCI) for derivatives designated as effective cash flow hedges

The following table presents the gains and (losses) recognized in OCI and the location in the Unaudited Condensed Consolidated Statements of Income of gains and (losses) reclassified from OCI into earnings for the three-month and nine-month periods ended September 30, 2011 and 2010 for derivatives designated as effective cash flow hedges

Derivatives in cash flow hedging relationships Amount of gain or (loss) recognized in OCI on derivatives (effective portion) Location of gain or (loss) reclassified from accumulated OCI into earnings (effective portion) Amount of (gain) or loss reclassified from accumulated OCI into earnings (effective portion)
   Nine Months Ended   Nine Months Ended 
   September 30,   September 30, 
(dollar amounts in thousands)2011 2010   2011 2010 
Interest rate contracts           
 Loans$ 12,880$ 81,517 Interest and fee income - loans and leases$ 3,776$ (100,623) 
 Investment Securities  847  --- Interest and fee income - investment securities  ---  --- 
 FHLB Advances  ---  --- Interest expense - subordinated notes and other long-term debt  ---  2,580 
 Deposits  ---  --- Interest expense - deposits  ---  --- 
 Subordinated notes  ---  --- Interest expense - subordinated notes and other long-term debt  20  (1,264) 
 Other long term debt  ---  --- Interest expense - subordinated notes and other long-term debt  ---  --- 
Total$ 13,727$ 81,517  $ 3,796$ (99,307) 
Gains and (losses) recognized in noninterest income on the ineffective portion on interest rate contracts for derivatives designated as fair value and cash flow hedges

The following table details the gains and (losses) recognized in noninterest income on the ineffective portion on interest rate contracts for derivatives designated as cash flow hedges for the three-month and nine-month periods ended September 30, 2011 and 2010.

 

   Three Months Ended  Nine Months Ended
   September 30,  September 30,
(dollar amounts in thousands) 2011  2010  2011  2010
             
Derivatives in cash flow hedging relationships           
Interest rate contracts            
 Loans  (261)   89   (147)   663
 FHLB Advances  ---   ---   ---   ---
Derivative assets and liabilities used in mortgage banking activities

The following table summarizes the derivative assets and liabilities used in mortgage banking activities:

   September 30,  December 31,  September 30,
(dollar amounts in thousands) 2011  2010  2010
          
Derivative assets:        
 Interest rate lock agreements$ 8,963 $ 2,817 $ 11,745
 Forward trades and options  134   20,669   980
Total derivative assets  9,097   23,486   12,725
          
Derivative liabilities:        
 Interest rate lock agreements  (124)   (1,445)   (379)
 Forward trades and options  (11,843)   (883)   (6,604)
Total derivative liabilities  (11,967)   (2,328)   (6,983)
Net derivative asset (liability)$ (2,870) $ 21,158 $ 5,742