Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.5.0.2
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2016 and December 31, 2015 are presented in the table below.

Fair Value of Financial Instruments
 
June 30, 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
$
870,258

 
$
72,247

 
$
817,493

 
$
889,740

 
$
863,561

 
$
70,223

 
$
805,371

 
$
875,594

Loans held-for-sale
8,848

 
7,763

 
1,085

 
8,848

 
7,453

 
5,347

 
2,106

 
7,453

Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
$
1,216,091

 
$
1,216,457

 
$

 
$
1,216,457

 
$
1,197,259

 
$
1,197,577

 
$

 
$
1,197,577

Long-term debt
229,617

 
230,430

 
2,156

 
232,586

 
236,764

 
239,596

 
1,513

 
241,109