Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.1.9
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Carrying and Fair Value 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 at December 31, 2014 and 2013 are presented in the table below.
 
 
 
 
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
Fair Value
(Dollars in millions)
Carrying Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
Loans
$
842,259

 
$
87,174

 
$
776,370

 
$
863,544

Loans held-for-sale
12,836

 
12,236

 
618

 
12,854

Financial liabilities
 
 
 
 
 
 
 
Deposits
1,118,936

 
1,119,427

 

 
1,119,427

Long-term debt
243,139

 
249,692

 
2,362

 
252,054

 
 
 
 
 
 
 
 
 
December 31, 2013
Financial assets
 
 
 
 
 
 
 
Loans
$
885,724

 
$
102,564

 
$
789,273

 
$
891,837

Loans held-for-sale
11,362

 
8,872

 
2,613

 
11,485

Financial liabilities
 

 
 
 
 
 
 

Deposits
1,119,271

 
1,119,512

 

 
1,119,512

Long-term debt
249,674

 
257,402

 
1,990

 
259,392