SunTrust 2005 Annual Report Download - page 82
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SUNTRUST ANNUAL REPORT80
Corporate and Wealth and
Investment Investment Corporate/
(Dollars in thousands) Retail Commercial Banking Mortgage Management NCF Other Total
Balance, January , , , , , , — — ,,
Purchase price adjustment — , — — ,
Seix Investment Advisors — — — — , — — ,
Reallocation (,) — — — , — — —
NCF acquisition — — — — — ,, — ,,
Branch divestiture — — — — — (,) — (,)
Other acquisitions — — — — , — — ,
Balance, December , , , , , , ,, — ,,
NCF goodwill allocation ,, ,, , , , (,,) , —
NCF purchase price adjustments (,) (,) () () (,) — (,) (,)
Purchase of LHP minority shares — — — — , — — ,
Sun America contingent
consideration — — — , — — — ,
Purchase of AMA Holdings
minority shares — — — — , — — ,
Sale of Carswell of Carolina, Inc. — — — — (,) — — (,)
Balance, December , ,, ,, , , , — , ,,
The changes in the carrying amounts of other intangible assets for the twelve months ended December , and are as follows:
Mortgage
Core Deposit Servicing
(Dollars in thousands) Intangible Rights Other Total
Balance, January , , , , ,
Amortization (,) (,) (,) (,)
Servicing rights originated — , — ,
Seix acquisition — — , ,
NCF acquisition , , , ,
Branch divestiture () — — ()
Other — — , ,
Balance, December , , , , ,,
Amortization (,) (,) (,) (,)
Servicing rights originated — , — ,
LHP client relationships and noncompete agreements — — , ,
Sale of Carswell of Carolina, Inc. — — (,) (,)
Balance, December , , , , ,,
NOTE • Intangible Assets
Under the provisions of SFAS No. , “Goodwill and Other Intangible
Assets,” goodwill is tested for impairment on an annual basis and as events
occur or circumstances change that would more likely than not reduce the
fair value of a reporting unit below its carrying amount. The Company com-
pleted its annual review as of September , , and determined there
was no impairment of goodwill as of this date. The changes in the carrying
amount of goodwill by reportable segment for the twelve months ended
December , and are as follows:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued