M&T BANK CORP | 2013 | FY | 3


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   

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