Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.0.8
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Investments, All Other Investments [Abstract]  
Carrying and fair values 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 March 31, 2014 and December 31, 2013 are presented in the table below.

Fair Value of Financial Instruments
 
March 31, 2014
 
December 31, 2013
 
 
 
Fair Value
 
 
 
Fair Value
(Dollars in millions)
Carrying
Value
 
Level 2
 
Level 3
 
Total
 
Carrying
Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans
$
875,072

 
$
101,037

 
$
783,300

 
$
884,337

 
$
885,724

 
$
102,564

 
$
789,273

 
$
891,837

Loans held-for-sale
12,317

 
10,304

 
2,111

 
12,415

 
11,362

 
8,872

 
2,613

 
11,485

Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
1,133,650

 
1,133,878

 

 
1,133,878

 
1,119,271

 
1,119,512

 

 
1,119,512

Long-term debt
254,785

 
263,129

 
1,841

 
264,970

 
249,674

 
257,402

 
1,990

 
259,392