Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill and Other Intangible Assets [Abstract]  
Goodwill by business segment

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
Summary of other intangible assets

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.
Estimated amortization expense of other intangible assets
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