Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.8.0.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017 and December 31, 2016 are presented in the following table.
 
 
 
 
 
 
 
 
Fair Value of Financial Instruments
 
 
 
 
 
 
 
 
 
September 30, 2017
 
 
 
Fair Value
(Dollars in millions)
Carrying Value
 
Level 2
 
Level 3
 
Total
Financial assets
 
 
 
 
 
 
 
Loans
$
895,155

 
$
69,711

 
$
839,931

 
$
909,642

Loans held-for-sale
13,243

 
12,261

 
1,012

 
13,273

Financial liabilities
 
 
 
 
 
 
 
Deposits
1,284,417

 
1,284,397

 

 
1,284,397

Long-term debt
228,666

 
234,878

 
1,890

 
236,768

 
 
 
 
 
 
 
 
 
December 31, 2016
Financial assets
 
 
 
 
 
 
 
Loans
$
873,209

 
$
71,793

 
$
815,329

 
$
887,122

Loans held-for-sale
9,066

 
8,082

 
984

 
9,066

Financial liabilities
 

 
 
 
 
 
 

Deposits
1,260,934

 
1,261,086

 

 
1,261,086

Long-term debt
216,823

 
220,071

 
1,514

 
221,585