Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.3.1.900
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
A rollforward of goodwill by business segment for the years ended December 31, 2015 and 2014, is presented in the table below:
 
 
Retail &
 
 
 
 
 
 
 
 
 
 
 
Business
 
Commercial
 
 
 
 
 
Home
 
Treasury/
 
Huntington
(dollar amounts in thousands)
Banking
 
Banking
 
AFCRE
 
RBHPCG
 
Lending
 
Other
 
Consolidated
Balance, January 1, 2014
$
286,824

 
$
22,108

 
$
—

 
$
93,012

 
$
—

 
$
42,324

 
$
444,268

Goodwill acquired during the period
81,273

 
—

 
—

 
—

 
—

 
—

 
81,273

Adjustments
—

 
37,486

 
—

 
(3,000
)
 
3,000

 
(37,486
)
 
—

Impairment
—

 
—

 
—

 
—

 
(3,000
)
 
—

 
(3,000
)
Balance, December 31, 2014
368,097

 
59,594

 
—

 
90,012

 
—

 
4,838

 
522,541

Goodwill acquired during the period
—

 
155,828

 
—

 
—

 
—

 
—

 
155,828

Adjustments
—

 
—

 
—

 
(1,500
)
 
—

 
—

 
(1,500
)
Impairment
—

 
—

 
—

 
—

 
—

 
—

 
—

Balance, December 31, 2015
$
368,097

 
$
215,422

 
$
—

 
$
88,512

 
$
—

 
$
4,838

 
$
676,869

Summary of other intangible assets
At December 31, 2015 and 2014, Huntington’s other intangible assets consisted of the following:
(dollar amounts in thousands)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
December 31, 2015
 
 
 
 
 
Core deposit intangible
$
400,058

 
$
(384,606
)
 
$
15,452

Customer relationship
116,094

 
(76,656
)
 
39,438

Other
25,164

 
(25,076
)
 
88

Total other intangible assets
$
541,316

 
$
(486,338
)
 
$
54,978

December 31, 2014
 
 
 
 
 
Core deposit intangible
$
400,058

 
$
(366,907
)
 
$
33,151

Customer relationship
107,920

 
(66,534
)
 
41,386

Other
25,164

 
(25,030
)
 
134

Total other intangible assets
$
533,142

 
$
(458,471
)
 
$
74,671

Estimated amortization expense of other intangible assets
The estimated amortization expense of other intangible assets for the next five years is as follows:
(dollar amounts in thousands)
Amortization
Expense
2016
$
14,290

2017
12,908

2018
11,135

2019
9,825

2020
3,076