Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - bac-20201231.htm

Fair Value Measurements - Nonrecurring Fair Value (Details)

v3.20.4

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 1,585	$ 3,709
Loans and leases	6,681	8,335
Other assets	15,718	15,518
Nonrecurring
Gains (Losses)
Loans held-for-sale	(79)	(14)	$ (18)
Loans and leases	(73)	(81)	(202)
Foreclosed properties	(6)	(9)	(24)
Other assets	(98)	(2,145)	(64)
Loss on loans and leases written down to zero	30	36	$ 83
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	119	260
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	1,020	53
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	323	178
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	792	102
Loans and leases	301	257
Foreclosed properties	17	17
Other assets	$ 576	$ 646

- Definition

This represents the balance of foreclosed properties measured at fair value on a nonrecurring basis categorized as Level 2 and 3 based on observability of inputs.

+ References

No definition available.

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Balance Type:	debit
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- Definition

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

+ References

No definition available.

+ Details

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- Definition

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.

+ References

No definition available.

+ Details

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- Definition

This represents the amount of gain (loss) recognized on other assets, still held as of the reporting date, measured at fair value on a nonrecurring basis. Other Assets are those not individually reported in the financial statements or separately disclosed.

+ References

No definition available.

+ Details

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- Definition

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

+ References

No definition available.

+ Details

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- Definition

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

+ References

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- Definition

Loss on Loans and Leases Written Down to Zero

+ References

No definition available.

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- References

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- Definition

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

+ References

No definition available.

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196772

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- Definition

Fair value portion of other assets.

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No definition available.

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