Huntington National Bank 2014 Annual Report Download - page 173

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167
Assets and Liabilities measured at fair value on a recurring basis
Assets and liabilities measured at fair value on a recurring basis at December 31, 2014 and 2013 are summarized below:
Fair Value Measurements at Reporting Date Using Netting Balance at
(dollar amounts in thousands) Level 1 Level 2 Level 3 Adjustments (1) December 31, 2014
Assets
Loans held for sale $ --- $ 354,888 $ --- $ --- $ 354,888
Loans held for investment --- 40,027 --- --- 40,027
Trading account securities:
Federal agencies: Mortgage-backed --- --- --- --- ---
Federal agencies: Other agencies --- 2,857 --- --- 2,857
Municipal securities --- 5,098 --- --- 5,098
Other securities 33,121 1,115 --- --- 34,236
33,121 9,070 --- --- 42,191
Available-for-sale and other securities:
U.S. Treasury securities 5,452 --- --- --- 5,452
Federal agencies: Mortgage-backed --- 5,322,701 --- --- 5,322,701
Federal agencies: Other agencies --- 351,543 --- --- 351,543
Municipal securities --- 450,976 1,417,593 --- 1,868,569
Private-label CMO --- 11,462 30,464 --- 41,926
Asset-backed securities --- 873,260 82,738 --- 955,998
Corporate debt --- 486,176 --- --- 486,176
Other securities 17,430 3,316 --- --- 20,746
22,882 7,499,434 1,530,795 --- 9,053,111
Automobile loans --- --- 10,590 --- 10,590
MSRs --- --- 22,786 --- 22,786
Derivative assets --- 449,775 4,064 (101,197) 352,642
Liabilities
Derivative liabilities --- 335,524 704 (51,973) 284,255
Short-term borrowings --- 2,295 --- --- 2,295