Huntington National Bank 2009 Annual Report Download - page 61

Noninterest Ex
p
ens
e
(This section should be read in con
j
unction with Signi
f
icant Items 1, 2, 3, 4,
6
, and 7.)
T
h
e
f
o
ll
ow
i
n
g
ta
bl
ere
fl
ects non
i
nterest expense
f
or t
h
et
h
ree
y
ears en
d
e
d
Decem
b
er 31, 2009
:
Table 14 — Noninterest Ex
p
ense
2009
A
mount Percent 2008
A
mount Percent 2007
C
han
g
e
f
rom 2008
C
han
g
e
f
rom 2007
T
welve Months Ended December 31
,
(
In thousands
)
Personnel costs
........
$ 700
,
482 $ (83
,
064) (11)
%
$ 783
,
546 $ 96
,
718 14% $ 686
,
82
8
Outside data processin
g
an
d
ot
h
er ser
vi
ces
....
148,09
5
1
7
,869 14
130
,
22
6
1
,
000 1 129
,
22
6
De
p
os
i
tan
d
ot
h
e
r
insurance ex
p
ens
e
....
113
,
830 91
,
393 N.M
.
2
2
,
437 8
,
652 63 13
,
78
5
Net occupanc
y
........
105
,
273 (3
,
155) (3
)
108
,
428 9
,
055 9 99
,
373
OREO and foreclosur
e
e
x
pense
............
93,899 60,444
N.M. 33
,
4
55
18
,
270 N.M. 1
5,
18
5
E
q
u
ip
men
t
...........
83
,
117
(
10
,
848
)(
12
)
93
,
96
5
12
,
483 1
5
81
,
48
2
Pro
f
ess
i
ona
l
ser
vi
ce
s
....
7
6,366 26,
75
3
5
4
49
,6
13 12
,
223 33 37
,
39
0
A
m
o
r
t
iz
at
i
o
n
o
f
i
ntan
gibl
e
s
.........
68
,
307
(
8
,
587
)(
11
)
76
,
894 31
,
743 70 4
5,
1
51
A
utomo
bil
e operat
i
n
g
l
ease ex
p
ens
e
.......
43,360 12,0
7
839
31
,
282 26
,
121 N.M.
5,
16
1
Marketin
g
............
33,049 38
5
1
32,664
(
13,379
)(
29
)
46,04
3
T
e
l
eco
mm
u
ni
cat
i
o
n
s
....
23
,
979 (1
,
029) (4) 25
,
008 506 2 24
,
50
2
Pr
i
nt
i
n
g
an
d
supp
li
e
s
....
15
,
480
(
3
,
390
)(
18
)
18
,
870 619 3 18
,
2
5
1
G
oo
d
w
ill i
m
p
a
i
rment . .
.
2,606,944 2,606,944
N.M.
——— —
Ga
i
n on ear
ly
extin
g
uishment o
f
debt
..............
(
147
,
442
)(
123
,
900
)
N.M
.
(
23,
5
42
)(
1
5
,484
)
N.M.
(
8,0
5
8
)
Ot
h
e
r
...............
68
,
704
(
25
,
824
)(
27
)
94,
5
28
(
22,997
)(
20
)
117,
5
2
5
T
o
t
a
ln
o
n
i
nt
e
r
es
t
e
x
pense
.............
$4
,
033
,
443 $2
,
556
,
069 N.M.
%
$
1
,
477
,
374
$
165
,
530 13%
$
1
,
311
,
84
4
N.M., not a meanin
g
ful value.
2009
versus
2008
A
s shown in the above table, noninterest expense increased $2,556.1 million from the
y
ear-a
g
o period
,
an
d
pr
i
mar
ily
re
fl
ecte
d:
•
$
2,606.9 million of
g
oodwill impairment recorded in 2009. The ma
j
orit
y
of the
g
oodwill impairment
,
$
2,602.7 million, was recorded durin
g
the 2009 first quarter. The remainin
g$
4.2 million of
g
oodwil
l
impairment was recorded in the 2009 second quarter, and was related to the sale of a small pa
y
ments-
related business in Jul
y
2009
.
(
See “Goodwill” discussion located within the Critical Account Policie
s
an
d
Use o
f
Signi
f
icant Estimates”
f
or a
dd
itiona
l
in
f
ormation)
.
•
$
91.4 million increase in deposit and other insurance expense. This increase was comprised of tw
o
components: (a)
$
23.6 million FDIC special assessment durin
g
the 2009 second quarter, and
(b)
$
67.8 million increase related to our 2008 FDIC assessments bein
g
si
g
nificantl
y
reduced b
y
a
nonrecurrin
g
deposit assessment credit provided b
y
the FDIC that was depleted durin
g
the 2008 fourt
h
53