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
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

Fair Value Measurements - Nonrecurring Fair Value (Details)

v3.22.0.1

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 4,455	$ 1,585
Loans and leases	7,819	6,681
Other assets	12,144	15,718
Nonrecurring
Gains (Losses)
Loans held-for-sale	(44)	(79)	$ (14)
Loans and leases	(60)	(73)	(81)
Foreclosed properties	(2)	(6)	(9)
Other assets	(492)	(98)	(2,145)
Loss on loans and leases written down to zero	24	30	$ 36
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	52	119
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	634	1,020
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	256	323
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	24	792
Loans and leases	213	301
Foreclosed properties	5	17
Other assets	$ 2,046	$ 576

- 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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