Bank of America Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Cover
- Cover Page
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

Fair Value Measurements - Nonrecurring Fair Value (Details)

v3.25.0.1

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 2,214	$ 2,059
Loans and leases	4,249	3,569
Other assets	13,176	11,861
Nonrecurring
Gains (Losses)
Loans held-for-sale	(211)	(246)	$ (387)
Loans and leases	(29)	(45)	(48)
Foreclosed properties	(44)	(6)	(6)
Other assets	(27)	(252)	(91)
Loss on loans and leases written down to zero	8	10	$ 15
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	16	31
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	63	77
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	2	31
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	2,652	2,793
Loans and leases	119	153
Foreclosed properties	93	48
Other assets	$ 236	$ 898

- Definition

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This represents the amount of gain (loss) recognized on Loans and Leases, still held as of the reporting date, measured at fair value on a nonrecurring basis.

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Gains (Losses) On Loans Held-For-Sale [Abstract]

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Loss on Loans and Leases Written Down to Zero

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Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.

+ References

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Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.

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Fair value portion of other assets.

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