TCF Bank 2015 Annual Report Download - page 92

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77
At December 31, 2015, the total future minimum rental payments for operating leases of premises and equipment are
as follows.
(In thousands)
2016 $ 29,885
2017 31,211
2018 28,935
2019 17,853
2020 13,745
Thereafter 62,609
Total $ 184,238
Note 8. Goodwill and Other Intangible Assets
Goodwill and other intangible assets consisted of the following.
At December 31,
2015 2014
(In thousands) Gross
Amount Accumulated
Amortization Net
Amount Gross
Amount Accumulated
Amortization Net
Amount
Amortizable intangible assets:
Deposit base intangibles $ 3,049 $1,817 $1,232 $3,049 $1,502 $1,547
Customer base intangibles 2,730 1,709 1,021 2,730 1,377 1,353
Non-compete agreement 4,590 3,757 833 4,590 2,849 1,741
Tradename 300 300 —300 300 —
Total $ 10,669 $ 7,583 $3,086 $10,669 $6,028 $4,641
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 $1.6 million, $1.7 million and $2.3 million were recognized in 2015, 2014
and 2013, respectively. Amortization expense for intangible assets is estimated to be $1.4 million for 2016, $0.5 million
for 2017, $0.4 million for 2018, $0.3 million for 2019 and $0.3 million for 2020. There was no impairment of goodwill
or the intangible assets in 2015, 2014 and 2013.
Note 9. Deposits
Deposits consisted of the following.
At December 31,
2015 2014
(Dollars in thousands)
Weighted-
Average
Rate Amount % of
Total
Weighted-
Average
Rate Amount % of
Total
Checking:
Non-interest bearing —% $ 3,187,581 19.1% —% $ 2,832,526 18.3%
Interest bearing 0.02 2,502,978 14.9 0.04 2,362,717 15.3
Total checking 0.01 5,690,559 34.0 0.02 5,195,243 33.6
Savings 0.06 4,717,457 28.2 0.15 5,212,320 33.7
Money market 0.63 2,408,180 14.5 0.54 1,993,130 13.0
Certificates of deposit 0.91 3,903,793 23.3 0.78 3,049,189 19.7
Total deposits 0.30 $ 16,719,989 100.0%0.26 $15,449,882 100.0%