Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.6.0.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
A rollforward of goodwill by business segment for the years ended December 31, 2016 and 2015, is presented in the table below:
 
Consumer &
 
 
 
 
 
 
 
 
 
 
 
Business
 
Commercial
 
 
 
 
 
Home
 
Treasury/
 
Huntington
(dollar amounts in thousands)
Banking
 
Banking
 
CREVF
 
RBHPCG
 
Lending
 
Other
 
Consolidated
Balance, January 1, 2015
$
368,097

 
$
59,594

 
$
—

 
$
90,012

 
$
—

 
$
4,838

 
$
522,541

Goodwill acquired during the period
—

 
155,828

 
—

 
—

 
—

 
—

 
155,828

Adjustments
—

 
—

 
—

 
(1,500
)
 
—

 
—

 
(1,500
)
Balance, December 31, 2015
368,097

 
215,422

 
—

 
88,512

 
—

 
4,838

 
676,869

Goodwill acquired during the period
1,030,046

 
237,542

 
—

 
53,230

 
—

 
—

 
1,320,818

Adjustments
—

 
—

 
—

 
—

 
—

 
(4,838
)
 
(4,838
)
Balance, December 31, 2016
$
1,398,143

 
$
452,964

 
$
—

 
$
141,742

 
$
—

 
$
—

 
$
1,992,849

Summary of other intangible assets
At December 31, 2016 and 2015, Huntington’s other intangible assets consisted of the following:
(dollar amounts in thousands)
Gross
Carrying
Amount
 
 
Accumulated
Amortization
 
Net
Carrying
Value
December 31, 2016
 
 
 
 
 
 
Core deposit intangible
$
324,619

 
 
$
(26,778
)
 
$
297,841

Customer relationship
194,956

(1)
 
(90,383
)
 
104,573

Other
150

 
 
(106
)
 
44

Total other intangible assets
$
519,725

 
 
$
(117,267
)
 
$
402,458

December 31, 2015
 
 
 
 
 
 
Core deposit intangible
$
400,058

 
 
$
(384,606
)
 
$
15,452

Customer relationship
116,094

 
 
(76,656
)
 
39,438

Other
25,164

 
 
(25,076
)
 
88

Total other intangible assets
$
541,316

 
 
$
(486,338
)
 
$
54,978

Estimated amortization expense of other intangible assets
The estimated amortization expense of other intangible assets for the next five years is as follows:
(dollar amounts in thousands)
Amortization
Expense
2017
$
56,333

2018
53,161

2019
50,446

2020
42,291

2021
39,783