TCF Bank 2011 Annual Report Download - page 95

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Note 9. Goodwill and Other Intangible Assets
Goodwill and intangible assets are summarized as follows.
At December 31,
2011 2010
(Dollars in thousands)
Weighted-
average
Amortization
Period
(In Years)
Gross
Amount
Accumulated
Amortization
Net
Amount
Weighted-
average
Amortization
Period
(In Years)
Gross
Amount
Accumulated
Amortization
Net
Amount
Amortizable intangible assets:
Customer base intangibles 11 $ 2,730 $360 $ 2,370 9 $ 1,400 $197 $ 1,203
Non-compete agreements 5 4,590 113 4,477 3 50 21 29
Tradename 2 300 13 287 – – – –
Total 7 $ 7,620 $486 $ 7,134 9 $ 1,450 $218 $ 1,232
Unamortizable intangible assets:
Goodwill related to Retail
Banking segment $141,245 $141,245 $141,245 $141,245
Goodwill related to Wholesale
Banking segment 84,395 84,395 11,354 11,354
Total $225,640 $225,640 $152,599 $152,599
As a result of the acquisition of Gateway One in 2011, TCF recorded goodwill and other intangibles of $73 million and
$6.2 million, respectively. Amortization expense for intangible assets is estimated to be $1.3 million for 2012, $1.5 million
for 2013, $1.3 million for 2014, $1.2 million for 2015 and $1.1 million for 2016. There was no impairment of goodwill or
intangible assets for the years ended December 31, 2011, 2010, or 2009.
Note 10. Deposits
Deposits are summarized as follows.
2011 2010
(Dollars in thousands)
Rate at
Year-end Amount % of Total
Rate at
Year-end Amount % of Total
Checking:
Non-interest bearing – % $ 2,442,522 20.0% – % $ 2,429,061 21.0%
Interest bearing .16 2,187,227 18.0 .26 2,101,003 18.1
Total checking .07 4,629,749 38.0 .12 4,530,064 39.1
Savings .37 5,855,263 48.0 .55 5,390,802 46.5
Money market .36 651,377 5.3 .54 635,922 5.5
Total checking, savings and money market .25 11,136,389 91.3 .37 10,556,788 91.1
Certificates of deposit .75 1,065,615 8.7 .84 1,028,327 8.9
Total deposits .29 $12,202,004 100.0% .41 $11,585,115 100.0%
Certificates of deposit had the following remaining maturities at December 31, 2011.
(In thousands)
Maturity $100,000+ Other Total
0-3 months $213,611 $146,035 $ 359,646
4-6 months 67,993 155,394 223,387
7-12 months 89,169 246,880 336,049
13-24 months 35,175 93,481 128,656
Over 24 months 3,225 14,652 17,877
Total $409,173 $656,442 $1,065,615
772011 Form 10-K