Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.3.1.900
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
Business segments are based on segment leadership structure, which reflects how segment performance is monitored and assessed. We 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, along with technology and operations, other unallocated assets, liabilities, revenue, and expense.
A rollforward of goodwill by business segment for the first nine-month period of 2015 is presented in the table below:
(dollar amounts in thousands)
Retail &
Business
Banking
 
Commercial
Banking
 
AFCRE
 
RBHPCG
 
Home
Lending
 
Treasury/
Other
 
Huntington
Consolidated
Balance, beginning of period
$
368,097

 
$
59,594

 
$
—

 
$
90,012

 
$
—

 
$
4,838

 
$
522,541

Goodwill acquired during the period
—

 
155,828

 
—

 
—

 
—

 
—

 
155,828

Adjustments
—

 
—

 
—

 
(1,500
)
 
—

 
—

 
(1,500
)
Impairment
—

 
—

 
—

 
—

 
—

 
—

 
—

Balance, end of period
$
368,097

 
$
215,422

 
$
—

 
$
88,512

 
$
—

 
$
4,838

 
$
676,869

Summary of other intangible assets
At September 30, 2015 and December 31, 2014, Huntington’s other intangible assets consisted of the following:
(dollar amounts in thousands)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
September 30, 2015
 
 
 
 
 
Core deposit intangible
$
400,058

 
$
(383,459
)
 
$
16,599

Customer relationship
116,120

 
(74,025
)
 
42,095

Other
25,164

 
(25,065
)
 
99

Total other intangible assets
$
541,342

 
$
(482,549
)
 
$
58,793

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

Estimated amortization expense of other intangible assets
The estimated amortization expense of other intangible assets for the remainder of 2015 and the next five years is as follows:
 
 
(dollar amounts in thousands)
Amortization
Expense
2015
$
3,786

2016
14,316

2017
12,908

2018
11,135

2019
9,825

2020
3,076