Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.4.0.3
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 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 March 31, 2016 and December 31, 2015 are presented in the table below.

Fair Value of Financial Instruments
 
March 31, 2016
 
December 31, 2015
 
 
 
Fair Value
 
 
 
Fair Value
(Dollars in millions)
Carrying
Value
 
Level 2
 
Level 3
 
Total
 
Carrying
Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans
$
868,220

 
$
70,644

 
$
814,209

 
$
884,853

 
$
863,561

 
$
70,223

 
$
805,371

 
$
875,594

Loans held-for-sale
6,192

 
5,221

 
971

 
6,192

 
7,453

 
5,347

 
2,106

 
7,453

Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
$
1,217,261

 
$
1,217,625

 
$

 
$
1,217,625

 
$
1,197,259

 
$
1,197,577

 
$

 
$
1,197,577

Long-term debt
232,849

 
233,863

 
1,814

 
235,677

 
236,764

 
239,596

 
1,513

 
241,109