Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.6.0.2
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016 and 2015 are presented in the table below.
 
 
 
 
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
Fair Value
(Dollars in millions)
Carrying Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
Loans
$
873,209

 
$
71,793

 
$
815,329

 
$
887,122

Loans held-for-sale
9,066

 
8,082

 
984

 
9,066

Financial liabilities
 
 
 
 
 
 
 
Deposits
1,260,934

 
1,261,086

 

 
1,261,086

Long-term debt
216,823

 
220,071

 
1,514

 
221,585

 
 
 
 
 
 
 
 
 
December 31, 2015
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