Capital One 2013 Annual Report Download - page 258
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CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Fair Value of Financial Instruments
The following reflects the fair value of financial instruments, whether or not recognized on the consolidated
balance sheets at fair value, as of December 31, 2013 and 2012:
Table 18.5: Fair Value of Financial Instruments
December 31, 2013 Estimated Fair Value Hierarchy
(Dollars in millions)
Carrying
Amount
Estimated
Fair Value Level 1 Level 2 Level 3
Financial assets:
Cash and cash equivalents ........................ $ 6,291 $ 6,291 $ 6,291 $ 0 $ 0
Restricted cash for securitization investors ........... 874 874 874 0 0
Securities available for sale ....................... 41,800 41,800 960 37,510 3,330
Securities held to maturity ........................ 19,132 19,185 0 18,895 290
Net loans held for investment ..................... 192,884 198,138 0 0 198,138
Loans held for sale .............................. 218 219 0 219 0
Interest receivable .............................. 1,418 1,418 0 1,418 0
Consumer and commercial MSRs .................. 205 209 0 4 205
Derivative assets ................................ 959 959 3 906 50
Retained interests in securitizations ................. 199 199 0 0 199
Financial liabilities:
Non-interest bearing deposits ...................... $ 22,643 $ 22,643 $22,643 $ 0 $ 0
Interest-bearing deposits ......................... 181,880 175,516 0 14,346 161,170
Securitized debt obligations ....................... 10,289 11,081 0 10,835 246
Senior and subordinated notes ..................... 13,134 13,715 0 13,715 0
Federal funds purchased and securities loaned or sold
under agreements to repurchase .................. 915 915 915 0 0
Other borrowings ............................... 16,316 16,324 0 16,324 0
Interest payable ................................ 307 307 0 307 0
Derivative liabilities ............................. 710 710 4 668 38
Other liabilities ................................. 18180018
238