Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Jun. 30, 2012
Goodwill and Other Intangible Assets [Abstract]  
Goodwill by business segment

A rollforward of goodwill by business segment for the first six-month period of 2012 was as follows:

 

    Retail & Regional &                    
    Business Commercial           Treasury/   Huntington
(dollar amounts in thousands) Banking Banking AFCRE   WGH     Other   Consolidated
Balance, beginning of period $ 286,824   $ 16,169   $ ---   $ 98,951   $ 42,324   $ 444,268
  Adjustments   ---     ---     ---     ---     ---     ---
Balance, end of period $ 286,824   $ 16,169   $ ---   $ 98,951   $ 42,324   $ 444,268
Summary of other intangible assets

At June 30, 2012, and December 31, 2011, Huntington's other intangible assets consisted of the following:

      Gross           Net
      Carrying     Accumulated     Carrying
(dollar amounts in thousands)   Amount     Amortization     Value
                   
June 30, 2012                
  Core deposit intangible $ 384,210(1)   $ (282,892)   $ 101,318
  Customer relationship   104,574     (46,999)     57,575
  Other   25,164     (24,862)     302
Total other intangible assets $ 513,948   $ (354,753)   $ 159,195
                   
December 31, 2011                
  Core deposit intangible $ 376,846   $ (263,410)   $ 113,436
  Customer relationship   104,574     (43,052)     61,522
  Other   25,164     (24,820)     344
Total other intangible assets $ 506,584   $ (331,282)   $ 175,302
                   
(1) Includes $7,364 thousand related to the FDIC-assisted acquisition of Fidelity Bank on March 30, 2012.
Estimated amortization expense of other intangible assets

The estimated amortization expense of other intangible assets for the remainder of 2012 and the next five years is as follows:

  (dollar amounts     Amortization
  in thousands)     Expense
         
  2012   $ 24,254
  2013     41,994
  2014     37,136
  2015     20,832
  2016     7,475
  2017     6,851