TCF Bank 2007 Annual Report Download - page 77

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2007 Form 10-K | 57
TCF leases certain premises and equipment under oper-
ating leases. Net lease expense including utilities and other
operating expenses was $34 million, $32.9 million and $30.2
million in 2007, 2006 and 2005, respectively.
At December 31, 2007, the total minimum rental payments
for operating leases were as follows.
(In thousands)
2008 $ 27,304
2009 25,368
2010 24,171
2011 21,165
2012 19,716
Thereafter 102,349
Total $220,073
Note 8. Goodwill and Other Intangible Assets
Goodwill and other intangible assets are summarized as follows.
At December 31,
2007 2006
Gross Accumulated Net Gross Accumulated Net
(In thousands) Amount Amortization Amount Amount Amortization Amount
Amortizable intangible assets:
Deposit base intangibles $ 21,180 $21,180 $ – $ 21,180 $20,224 $ 956
Unamortizable intangible assets:
Goodwill related to the
banking segment $141,245 $141,245 $141,245 $141,245
Goodwill related to the
leasing segment 11,354 11,354 11,354 11,354
Total $152,599 $152,599 $152,599 $152,599
Amortization expense for intangible assets was $1 million, $2.9 million and $11.8 million for the years ended December 31,
2007, 2006 and 2005, respectively.