Huntington National Bank 2012 Annual Report Download - page 182
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174
Assets and liabilities under the fair value option
The following table presents the fair value and aggregate principal balance of certain assets and liabilities under the fair value
option:
December 31, 2012 December 31, 2011
Fair value Aggregate Fair value Aggregate
carrying unpaid carrying unpaid
(dollar amounts in thousands) amoun
t
principal Difference amoun
t
principal Difference
Assets
Mortgage loans held for sale $ 452,949 $ 438,254 $ 14,695 $ 343,588 $ 328,641 $ 14,947
Automobile loans 142,762 140,916 1,846 296,250 293,174 3,076
Liabilities
Securitization trust notes payable --- --- --- 123,039 121,016 2,023
The following tables present the net gains (losses) from fair value changes, including net gains (losses) associated with instrument
specific credit risk for the years ended December 31, 2012, 2011 and 2010:
Net gains (losses) from fair value changes
Year ended December 31,
(dollar amounts in thousands) 2012 2011 2010
Assets
Mortgage loans held for sale $ 4,284 $ 13,842 $ (5,633)
Automobile loans (1,231) (6,577) (2,267)
Liabilities
Securitization trust notes payable (2,023) (7,731) (9,565)
Gains (losses) included in fair value changes
associated with instrument specific credit risk
Year ended December 31,
(dollar amounts in thousands) 2012 2011 2010
Assets
Automobile loans $ 2,749 $ 6,610 $ 3,370
Assets and Liabilities measured at fair value on a nonrecurring basis
Certain assets and liabilities may be required to be measured at fair value on a nonrecurring basis in periods subsequent to their
initial recognition. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair
value adjustments in certain circumstances, such as when there is evidence of impairment. For the year ended December 31, 2012,
assets measured at fair value on a nonrecurring basis were as follows:
Fair Value Measurements Using
Quoted Prices Significant Significant Total
In Active Other Other Gains/(Losses)
Markets for Observable Unobservable For the
Fair Value at Identical Assets Inputs Inputs Year Ended
(dollar amounts in thousands) December 31, (Level 1) (Level 2) (Level 3) December 31,
2012
Impaired loans $ 150,873 $ --- $ --- $ 150,873 $ (43,386)
Other real estate owned 28,097 --- --- 28,097 $ (8,284)