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)
9 Months Ended
Sep. 30, 2014
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 September 30, 2014 and December 31, 2013 are presented in the table below.

Fair Value of Financial Instruments
 
September 30, 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
$
851,868

 
$
94,784

 
$
775,062

 
$
869,846

 
$
885,724

 
$
102,564

 
$
789,273

 
$
891,837

Loans held-for-sale
7,909

 
7,357

 
553

 
7,910

 
11,362

 
8,872

 
2,613

 
11,485

Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
1,111,981

 
1,112,281

 

 
1,112,281

 
1,119,271

 
1,119,512

 

 
1,119,512

Long-term debt
250,115

 
257,360

 
2,349

 
259,709

 
249,674

 
257,402

 
1,990

 
259,392