Comerica 2011 Annual Report Download - page 112

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
F-75
ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENTS NOT RECORDED AT FAIR VALUE IN THEIR
ENTIRETY ON A RECURRING BASIS
The Corporation typically holds the majority of its financial instruments until maturity and thus does not expect to realize
many of the estimated fair value amounts disclosed. The disclosures also do not include estimated fair value amounts for items
that are not defined as financial instruments, but which have significant value. These include such items as core deposit intangibles,
the future earnings potential of significant customer relationships and the value of trust operations and other fee generating
businesses. The Corporation believes the imprecision of an estimate could be significant.
The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a
recurring basis on the Corporation’s consolidated balance sheets are as follows:
(in millions)
Assets
Cash and due from banks
Interest-bearing deposits with banks
Loans held-for-sale
Total loans, net of allowance for loan losses (a)
Customers’ liability on acceptances outstanding
Nonmarketable equity securities (b)
Loan servicing rights
Liabilities
Demand deposits (noninterest-bearing)
Interest-bearing deposits
Total deposits
Short-term borrowings
Acceptances outstanding
Medium- and long-term debt
Credit-related financial instruments
December 31
2011
Carrying
Amount
$ 982
2,574
34
41,953
22
16
3
19,764
27,991
47,755
70
22
4,944
(101)
Estimated
Fair Value
$ 982
2,574
34
42,233
22
27
3
19,764
27,992
47,756
70
22
4,794
(101)
2010
Carrying
Amount
$ 668
1,415
23
39,335
9
47
5
15,538
24,933
40,471
130
9
6,138
(99)
Estimated
Fair Value
$ 668
1,415
23
39,212
9
77
5
15,538
24,945
40,483
130
9
6,008
(99)
(a) Included $607 million and $854 million of impaired loans recorded at fair value on a nonrecurring basis at December 31,
2011 and 2010, respectively.
(b) Included $1 million and $9 million of nonmarketable equity securities recorded at fair value on a nonrecurring basis at
December 31, 2011 and 2010, respectively.