Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v2.4.1.9
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Other Intangible Assets [Abstract]  
Goodwill by business segment

A rollforward of goodwill by business segment for the years ended December 31, 2014 and 2013, is presented in the table below:

Retail &
Business Commercial Home Treasury/ Huntington
(dollar amounts in thousands) Banking Banking AFCRE RBHPCG Lending Other Consolidated
Balance, January 1, 2013 $ 286,824 $ 22,108 $ --- $ 93,012 $ --- $ 42,324 $ 444,268
Adjustments / Reallocation --- --- --- --- --- --- ---
Balance, December 31, 2013 286,824 22,108 --- 93,012 --- 42,324 444,268
Goodwill acquired during the period 81,273 --- --- --- --- --- 81,273
Adjustments / Reallocation --- 37,486 --- (3,000) 3,000 (37,486) ---
Impairment --- --- --- --- (3,000) --- (3,000)
Balance, December 31, 2014 $ 368,097 $ 59,594 $ --- $ 90,012 $ --- $ 4,838 $ 522,541
Summary of other intangible assets

During the 2014 third quarter, we moved our insurance brokerage business from Treasury / Other to Commercial Banking to align with a change in management responsibilities. Amounts relating to the realignment are disclosed in the table above.

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

Gross Net
Carrying Accumulated Carrying
(dollar amounts in thousands) Amount Amortization Value
December 31, 2014
Core deposit intangible $ 400,058 $ (366,907) $ 33,151
Customer relationship 107,920 (66,534) 41,386
Other 25,164 (25,030) 134
Total other intangible assets $ 533,142 $ (458,471) $ 74,671
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 next five years is as follows:
Amortization
(dollar amounts in thousands) Expense
2015 $ 26,329
2016 12,485
2017 11,371
2018 9,890
2019 8,873