Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Jun. 30, 2014

Goodwill and Other Intangible Assets [Abstract]

Business segments are based on segment leadership structure, which reflects how segment performance is monitored and assessed. During the 2014 first quarter, we realigned our business segments to drive our ongoing growth and leverage the knowledge of our highly experienced team. We now have five major business segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate (AFCRE), Regional Banking and The Huntington Private Client Group (RBHPCG), and Home Lending. A Treasury / Other function includes our insurance brokerage business, along with technology and operations, other unallocated assets, liabilities, revenue, and expense. All periods presented have been reclassified to conform to the current period classification. Amounts relating to the realignment are disclosed in the table below.

A rollforward of goodwill by business segment for the first six-month period of 2014 is presented in the table below:

		Retail &
		Business		Commercial							Home		Treasury/	Huntington
(dollar amounts in thousands)		Banking		Banking		AFCRE			RBHPCG		Lending		Other	Consolidated
Balance, beginning of period		$	286,824	$	16,169	$	---	$	98,951	$	---	$	42,324	$	444,268
	Goodwill acquired
	during the period		64,180		---		---		---		---		---		64,180
	Adjustments		---		5,939		---		(8,939)		3,000		---		---
	Impairment		---		---		---		---		(3,000)		---		(3,000)
Balance, end of period		$	351,004	$	22,108	$	---	$	90,012	$	---	$	42,324	$	505,448

Summary of other intangible assets

At June 30, 2014 and December 31, 2013, Huntington's other intangible assets consisted of the following:

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

June 30, 2014
	Core deposit intangible	$	387,105	$	(350,602)	$	36,503
	Customer relationship		107,197		(62,403)		44,794
	Other		25,164		(25,001)		163
Total other intangible assets		$	519,466	$	(438,006)	$	81,460

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

Estimated amortization expense of other intangible assets

The estimated amortization expense of other intangible assets for the remainder of 2014 and the next five years is as follows:

(dollar amounts		Amortization
in thousands)		Expense

2014	$	19,029
2015		21,783
2016		8,407
2017		7,762
2018		6,752
2019		6,205