Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.0.6
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Investments, All Other Investments [Abstract]  
Carrying and fair values of financial instruments
The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value are presented in the table below.
 
 
 
 
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
Fair Value
(Dollars in millions)
Carrying Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
Loans
$
859,875

 
$
105,119

 
$
772,761

 
$
877,880

Loans held-for-sale
19,413

 
15,087

 
4,321

 
19,408

Financial liabilities
 
 
 
 
 
 
 
Deposits
1,105,261

 
1,105,669

 

 
1,105,669

Long-term debt
275,585

 
281,173

 
2,301

 
283,474

The carrying values and fair values of certain financial instruments where only a portion of the ending balance was carried at fair value are presented in the table below.
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
December 31, 2011
(Dollars in millions)
Carrying Value
 
Fair
Value
Financial assets
 

 
 

Loans
$
870,520

 
$
849,685

Financial liabilities
 

 
 

Deposits
1,033,041

 
1,033,248

Long-term debt
372,265

 
343,211