Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Other Intangible Assets [Abstract]  
Goodwill by business segment

A rollforward of goodwill by business segment for the years ended December 31, 2013 and 2012, 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, 2012 $ 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
  Adjustments / Reallocation of goodwill   ---     ---     ---     ---     ---     ---
Balance, December 31, 2013 $ 286,824   $ 16,169   $ ---   $ 98,951   $ 42,324   $ 444,268
Summary of other intangible assets

At December 31, 2013 and 2012, Huntington's other intangible assets consisted of the following:

      Gross         Net
      Carrying   Accumulated     Carrying
(dollar amounts in thousands)   Amount   Amortization     Value
                 
December 31, 2013              
  Core deposit intangible $ 380,249 $ (335,552)   $ 44,697
  Customer relationship   106,974   (58,675)     48,299
  Other   25,164   (24,967)     197
Total other intangible assets $ 512,387 $ (419,194)   $ 93,193
                 
December 31, 2012              
  Core deposit intangible $ 380,249 $ (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
                 
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
       
2014   $ 36,711
2015     20,550
2016     7,336
2017     6,854
2018     5,983