Other intangible assets (excluding goodwill) for banks and credit unions are those assets which are not physically present, yet provide astounding long term benefits to the institution. For intangible assets to be recognized on a bank’s balance sheet, it is imperative that the intangible asset must have a legal benefit. The most common form of intangible assets are customer relationships, core deposit premiums, favorable leaseholds and other mortgage, or non-mortgage servicing assets. And also includes legal intangibles like patents, trademarks and trade secrets such as customer lists. Different accounting procedures have different methods of calculating such intangible assets for banks and credit unions, contracts etc.