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Goodwill and other intangible assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets

Total amortizing intangible assets were comprised of the following:

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Net Carrying
Amount
 
     (In thousands)  

December 31, 2015

        

Core deposit

   $ 887,459       $ 750,624       $ 136,835   

Other

     177,268         173,835         3,433   
  

 

 

    

 

 

    

 

 

 

Total

   $ 1,064,727       $ 924,459       $ 140,268   
  

 

 

    

 

 

    

 

 

 

December 31, 2014

        

Core deposit

   $ 755,794       $ 730,188       $ 25,606   

Other

     177,268         167,847         9,421   
  

 

 

    

 

 

    

 

 

 

Total

   $ 933,062       $ 898,035       $ 35,027   
  

 

 

    

 

 

    

 

 

 
Estimated Amortization Expense in Future Years

Estimated amortization expense in future years for such intangible assets is as follows:

 

     (In thousands)  

Year ending December 31:

  

2016

   $ 42,185   

2017

     30,733   

2018

     23,462   

2019

     18,026   

2020

     13,323   

Later years

     12,539   
  

 

 

 
   $ 140,268   
  

 

 

 
Summary of Goodwill Assigned to Reportable Segments for Purposes of Testing for Impairment

A summary of goodwill assigned to each of the Company’s reportable segments as of December 31, 2015 and 2014 for purposes of testing for impairment is as follows.

 

     December 31      2015      December 31  
     2014      Transactions(a)      2015  
     (In thousands)  

Business Banking

   $ 748,907       $ 115,459       $ 864,366   

Commercial Banking

     907,524         494,349         1,401,873   

Commercial Real Estate

     349,197         305,192         654,389   

Discretionary Portfolio

                       

Residential Mortgage Banking

                       

Retail Banking

     1,144,404         164,787         1,309,191   

All Other

     374,593         (11,300      363,293   
  

 

 

    

 

 

    

 

 

 

Total

   $ 3,524,625       $ 1,068,487       $ 4,593,112   
  

 

 

    

 

 

    

 

 

 

 

 

(a) All increases relate to the acquisition of Hudson City on November 1, 2015. The $11 million decrease in “All Other” represents goodwill allocated to the trade processing business sold in April 2015. Further information related to those transactions is provided in note 2.