Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.5.0.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
A rollforward of goodwill by business segment for the first nine-month period of 2016 is presented in the table below:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(dollar amounts in thousands)
Retail &
Business
Banking
 
Commercial
Banking
 
AFCRE
 
RBHPCG
 
Home
Lending
 
Treasury/
Other
 
Huntington
Consolidated
Balance, December 31, 2015
$
368,097

 
$
215,422

 
$
—

 
$
88,512

 
$
—

 
$
4,838

 
$
676,869

Goodwill acquired during the period
1,036,240

 
242,096

 
—

 
53,981

 
—

 
—

 
1,332,317

Adjustments
—

 
—

 
—

 
—

 
—

 
(4,838
)
 
(4,838
)
Balance, September 30, 2016
$
1,404,337

 
$
457,518

 
$
—

 
$
142,493

 
$
—

 
$
—

 
$
2,004,348

Summary of other intangible assets
At September 30, 2016 and December 31, 2015, Huntington’s other intangible assets consisted of the following:
 
 
 
 
 
 
 
(dollar amounts in thousands)
Gross
Carrying
Amount
 
 
Accumulated
Amortization
 
Net
Carrying
Value
September 30, 2016
 
 
 
 
 
 
Core deposit intangible
$
336,508

 
 
$
(18,340
)
 
$
318,168

Customer relationship
194,956

(1)
 
(84,412
)
 
110,544

Other
794

 
 
(732
)
 
62

Total other intangible assets
$
532,258

 
 
$
(103,484
)
 
$
428,774

December 31, 2015
 
 
 
 
 
 
Core deposit intangible
$
26,758

 
 
$
(11,306
)
 
$
15,452

Customer relationship
114,553

 
 
(75,115
)
 
39,438

Other
794

 
 
(706
)
 
88

Total other intangible assets
$
142,105

 
 
$
(87,127
)
 
$
54,978


(1)
During the 2016 third quarter, certain commercial merchant relationships, which resulted in an intangible of $14 million, were contributed to a joint venture in which Huntington holds a minority interest.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The estimated amortization expense of other intangible assets for the remainder of 2016 and the next five years is as follows:
 
 
 
 
(dollar amounts in thousands)
Amortization
Expense
2016
$
14,416

2017
56,341

2018
53,161

2019
50,446

2020
42,291

2021
39,783