Current report filing

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 &              
          Home       Former Business Commercial     Treasury/ Huntington
(dollar amounts in thousands)   RBHPCG   Lending (1)     WGH Banking Banking   AFCRE   Other Consolidated
Balance, January 1, 2012 $ 98,951 $ ---     $ 98,951 $ 286,824 $ 16,169 $ --- $ 42,324 $ 444,268
  Adjustments / Reallocation   (5,939)   ---       (5,939)   ---   5,939   ---   ---   ---
Balance, December 31, 2012   93,012   ---       93,012   286,824   22,108   ---   42,324   444,268
  Adjustments / Reallocation   ---   ---       ---   ---   ---   ---   ---   ---
Balance, December 31, 2013 $ 93,012 $ ---     $ 93,012 $ 286,824 $ 22,108 $ --- $ 42,324 $ 444,268
                                       
  (1) As a result of the reorganization in our reported business segments, goodwill was reallocated among the business segments during the 2014 first quarter. As part of the reallocation at that time, $3.0 million was allocated to the Home Lending reporting segment. Immediately following the reallocation, impairment of $3.0 million was recorded in the Home Lending business segment. The allocation of goodwill to the Home Lending reporting segment was not practical at December 31, 2013.
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