Huntington National Bank 2011 Annual Report Download - page 178

At December 31, 2011 and 2010, Huntington’s other intangible assets consisted of the following:
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
(dollar amounts in thousands)
December 31, 2011
Core deposit intangible ........................... $ 376,846 $(263,410) $ 113,436
Customer relationship ........................... 104,574 (43,052) 61,522
Other ......................................... 25,164 (24,820) 344
Total other intangible assets ........................ $ 506,584 $(331,282) $ 175,302
December 31, 2010
Core deposit intangible ............................ $376,846 $(219,311) $ 157,535
Customer relationship ............................. 104,574 (34,751) 69,823
Other .......................................... 25,164 (23,902) 1,262
Total other intangible assets ........................ $ 506,584 $(277,964) $ 228,620
The estimated amortization expense of other intangible assets for the next five years is as follows:
Amortization
Expense
(dollar amounts in thousands)
2012 ................................................................... $46,075
2013 ................................................................... 40,511
2014 ................................................................... 35,858
2015 ................................................................... 19,758
2016 ................................................................... 6,606
8. PREMISES AND EQUIPMENT
Premises and equipment were comprised of the following in December 31, 2011 and 2010:
At December 31,
2011 2010
(dollar amounts in thousands)
Land and land improvements ................................... $ 123,312 $ 120,069
Buildings ................................................... 375,603 367,003
Leasehold improvements ....................................... 218,957 204,830
Equipment .................................................. 635,175 613,301
Total premises and equipment .................................. 1,353,047 1,305,203
Less accumulated depreciation and amortization .................... (788,618) (813,601)
Net premises and equipment .................................. $ 564,429 $ 491,602
Depreciation and amortization charged to expense and rental income credited to net occupancy expense for
the three years ended December 31, 2011, 2010, and 2009 were:
2011 2010 2009
(dollar amounts in thousands)
Total depreciation and amortization of premises and equipment . . . $70,413 $64,934 $66,089
Rental income credited to occupancy expense .................. 10,878 10,108 11,755
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