16. Other income and other expense
The following items, which exceeded 1% of total interest income and other income in the respective period, were included in either “other revenues from operations” or “other costs of operations” in the consolidated statement of income:
| Year Ended December 31 | ||||||||||||
| 2013 | 2012 | 2011 | ||||||||||
| (In thousands) | ||||||||||||
|
Other income: |
||||||||||||
|
Bank owned life insurance |
$ | 56,120 | $ | 51,199 | $ | 50,776 | ||||||
|
Credit-related fee income |
72,271 | 68,596 | 73,886 | |||||||||
|
Letter of credit fees |
59,889 | 58,496 | 56,247 | |||||||||
|
Non-taxable gain from business combination |
64,930 | |||||||||||
|
Gains from loan securitization transactions |
63,066 | |||||||||||
|
Other expense: |
||||||||||||
|
Professional services |
335,794 | 248,544 | 222,122 | |||||||||
|
Amortization of capitalized servicing rights |
65,354 | 59,555 | 55,859 | |||||||||
|
Advertising and promotion |
56,597 | 52,388 | 58,312 | |||||||||
|
Write-down of investment in Bayview Lending Group LLC (“BLG”) |
79,012 | |||||||||||