Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Other Intangible Assets [Abstract]

7. Goodwill and Other Intangible Assets

Business segments are based on segment leadership structure, which reflects how segment performance is monitored and assessed. No segments were significantly changed and no reallocation of goodwill occurred in either 2012 or 2011.

A rollforward of goodwill by business segment for the years ended December 31, 2012 and 2011, is presented in the table below:

		Retail &			Regional &
		Business		Commercial							Treasury/	Huntington
(dollar amounts in thousands)		Banking		Banking		AFCRE			WGH		Other	Consolidated
Balance, January 1, 2011		$	286,824	$	16,169	$	---	$	98,951	$	42,324	$	444,268
	Adjustments / Reallocation of goodwill		---		---		---		---		---		---
Balance, December 31, 2011			286,824		16,169		---		98,951		42,324		444,268
	Adjustments / Reallocation of goodwill		---		---		---		---		---		---
Balance, December 31, 2012		$	286,824	$	16,169	$	---	$	98,951	$	42,324	$	444,268

Goodwill is not amortized but is evaluated for impairment on an annual basis as of October 1st each year or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. No impairment was recorded in either 2012 or 2011.

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

			Gross					Net
			Carrying			Accumulated		Carrying
(dollar amounts in thousands)			Amount			Amortization		Value

December 31, 2012
	Core deposit intangible	$	380,249	(1)	$	(302,003)	$	78,246
	Customer relationship		104,574			(50,925)		53,649
	Other		25,164			(24,902)		262
Total other intangible assets		$	509,987		$	(377,830)	$	132,157

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 $3,403 thousand related to the FDIC-assisted acquisition of Fidelity Bank on March 30, 2012.

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

2013	$	41,083
2014		36,368
2015		20,207
2016		6,993
2017		6,511

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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