Huntington National Bank 2011 Annual Report Download - page 202

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Level 3 Fair Value Measurements
Year ended December 31, 2010
Available-for-sale securities
MSRs
Derivative
instruments
Municipal
securities
Private
label CMO
Asset-
backed
securities
Automobile
loans
Equity
investments
(dollar amounts in thousands)
Balance, beginning of
year ............... $176,427 $(4,236) $ 11,515 $ 477,319 $ 407,098 $ — $ 25,872
Total gains / losses:
Included in
earnings .......... (50,748) 4,413 — (5,117) (6,160) (2,267) —
Included in OCI ..... — — — 44,475 16,191 — —
Purchases ............ — — —————
Sales ................ — — (112,322) (312,460) (53,806) — —
Repayments .......... — — — — — (266,381) —
Issuances ............. — (1,741) —————
Settlements ........... — 2,530 (73,024) (82,292) (16,566) — —
Transfers in / out of
Level 3(1) .......... — — 323,637 — (184,073) 791,365 (25,872)
Balance, end of year . . . $125,679 $ 966 $ 149,806 $ 121,925 $ 162,684 $ 522,717 $ —
The amount of total gains
or losses for the period
included in earnings
(or OCI) attributable to
the change in
unrealized gains or
losses relating to assets
still held at reporting
date ............... $(50,748) $ 1,715 $ — $ 5,565 $ 15,113 $ (2,267) $ —
(1) Transfers in / out of Level 3 include a transfer in of $323.6 million relating to municipal securities, due to
lack of observable market data, a transfer out of $184.1 million of securities related to the consolidation of
the 2009 Trust and a transfer in of $791.4 million of loans related to the 2009 Trust.
188