Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.3.1.900
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015 and 2014 are presented in the table below.
 
 
 
 
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
Fair Value
(Dollars in millions)
Carrying Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
Loans
$
863,561

 
$
70,223

 
$
805,371

 
$
875,594

Loans held-for-sale
7,453

 
5,347

 
2,106

 
7,453

Financial liabilities
 
 
 
 
 
 
 
Deposits
1,197,259

 
1,197,577

 

 
1,197,577

Long-term debt
236,764

 
239,596

 
1,513

 
241,109

 
 
 
 
 
 
 
 
 
December 31, 2014
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