TCF Bank 2014 Annual Report Download - page 86

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At December 31, 2014, the total future minimum rental payments for operating leases of premises and equipment are as
follows.
(In thousands)
2015 $ 26,894
2016 29,592
2017 28,201
2018 26,355
2019 15,199
Thereafter 67,030
Total $193,271
Note 8. Goodwill and Other Intangible Assets
Goodwill and other intangible assets consisted of the following.
At December 31,
2014 2013
Gross Accumulated Net Gross Accumulated Net
(In thousands) Amount Amortization Amount Amount Amortization Amount
Amortizable intangible assets:
Deposit base intangibles $ 3,049 $1,502 $ 1,547 $ 3,049 $1,105 $ 1,944
Customer base intangibles 2,730 1,377 1,353 2,730 996 1,734
Non-compete agreement 4,590 2,849 1,741 4,590 1,942 2,648
Tradename 300 300 – 300 300 –
Total $ 10,669 $6,028 $ 4,641 $ 10,669 $4,343 $ 6,326
Unamortizable intangible assets:
Goodwill related to funding segment $141,245 $141,245 $141,245 $141,245
Goodwill related to lending segment 84,395 84,395 84,395 84,395
Total $225,640 $225,640 $225,640 $225,640
Amortization expense for intangible assets of $1.7 million, $2.3 million and $1.5 million were recognized in 2014, 2013 and 2012,
respectively. Amortization expense for intangible assets is estimated to be $1.6 million for 2015, $1.4 million for 2016,
$0.5 million for 2017, $0.4 million for 2018 and $0.3 million for 2019. There was no impairment of goodwill or the intangible
assets in 2014, 2013 or 2012.
Note 9. Deposits
Deposits consisted of the following.
At December 31,
2014 2013
Weighted- Weighted-
Average % of Average % of
(Dollars in thousands) Rate Amount Total Rate Amount Total
Checking:
Non-interest bearing –% $ 2,832,526 18.3% –% $ 2,642,600 18.3%
Interest bearing 0.04 2,362,717 15.3 0.06 2,337,851 16.2
Total checking 0.02 5,195,243 33.6 0.03 4,980,451 34.5
Savings 0.15 5,212,320 33.7 0.20 6,194,003 42.9
Money market 0.54 1,993,130 13.0 0.29 831,910 5.8
Total checking, savings and
money market 0.13 12,400,693 80.3 0.14 12,006,364 83.2
Certificates of deposit 0.78 3,049,189 19.7 0.86 2,426,412 16.8
Total deposits 0.26 $15,449,882 100.0% 0.26 $14,432,776 100.0%
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