Goodwill by business segment |
A rollforward of goodwill by business segment for the first six-month period of 2011 was as
follows:
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Retail & |
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Regional & |
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Business |
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Commercial |
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Treasury/ |
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Huntington |
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(dollar amounts in thousands) |
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Banking |
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Banking |
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AFCRE |
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WGH |
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Other |
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Consolidated |
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Balance, beginning of period
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$ |
286,824 |
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$ |
16,169 |
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$ |
— |
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$ |
98,951 |
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$ |
42,324 |
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$ |
444,268 |
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Adjustments
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— |
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— |
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— |
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— |
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— |
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— |
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Balance, end of period
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$ |
286,824 |
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$ |
16,169 |
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$ |
— |
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$ |
98,951 |
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$ |
42,324 |
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$ |
444,268 |
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Summary of other intangible assets |
At June 30, 2011, December 31, 2010, and June 30, 2010, Huntington’s other intangible assets
consisted of the following:
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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(dollar amounts in thousands) |
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Amount |
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Amortization |
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Value |
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June 30, 2011
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Core deposit intangible
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$ |
376,846 |
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$ |
(241,368 |
) |
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$ |
135,478 |
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Customer relationship
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|
104,574 |
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|
(38,912 |
) |
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|
65,662 |
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Other
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25,164 |
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(24,440 |
) |
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|
724 |
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Total other intangible assets
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$ |
506,584 |
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$ |
(304,720 |
) |
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$ |
201,864 |
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December 31, 2010
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Core deposit intangible
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$ |
376,846 |
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$ |
(219,311 |
) |
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$ |
157,535 |
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Customer relationship
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|
104,574 |
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(34,751 |
) |
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|
69,823 |
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Other
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|
25,164 |
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(23,902 |
) |
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|
1,262 |
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Total other intangible assets
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$ |
506,584 |
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|
$ |
(277,964 |
) |
|
$ |
228,620 |
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June 30, 2010
|
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|
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Core deposit intangible
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|
$ |
376,846 |
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|
$ |
(193,989 |
) |
|
$ |
182,857 |
|
Customer relationship
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|
104,574 |
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|
(30,386 |
) |
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|
74,188 |
|
Other
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|
25,164 |
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(23,398 |
) |
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|
1,766 |
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Total other intangible assets
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|
$ |
506,584 |
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|
$ |
(247,773 |
) |
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$ |
258,811 |
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Estimated amortization expense of other intangible assets |
The estimated amortization expense of other intangible assets for the remainder of 2011 and
the next five years is as follows:
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Amortization |
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(dollar amounts in thousands) |
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Expense |
|
|
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|
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|
2011
|
|
$ |
26,570 |
|
2012
|
|
|
46,075 |
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2013
|
|
|
40,511 |
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2014
|
|
|
35,858 |
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2015
|
|
|
19,758 |
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2016
|
|
|
6,606 |
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|