SunTrust 2008 Annual Report Download - page 166

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
The following tables show a reconciliation of the beginning and ending balances for fair valued other assets/(liabilities),
which are IRLCs on residential mortgage loans held for sale, measured using significant unobservable inputs:
(Dollars in thousands)
Other Assets/
(Liabilities), net
Beginning balance January 1, 2008 ($19,603)
Included in earnings: 1
Issuances (inception value) 491,170
Fair value changes (71,127)
Expirations (143,701)
Settlements of IRLCs and transfers into closed loans (184,318)
Ending balance December 31, 2008 2$72,421
1Amounts included in earnings are recorded in mortgage production related income.
2The amount of total gains/(losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to
IRLCs still held at December 31, 2008.
(Dollars in thousands)
Other Assets/
(Liabilities), net
Beginning balance January 1, 2007 ($29,633)
Included in earnings: 1
Issuances (inception value) (183,336)
Fair value changes (115,563)
Expirations 91,458
Settlements of IRLCs and transfers into closed loans 217,471
Ending balance December 31, 2007 2($19,603)
1Amounts included in earnings are recorded in mortgage production related income.
2The amount of total gains/(losses) for the period included in earnings attributable to the change in unrealized gains or losses
relating to IRLCs still held at December 31, 2007.
The following tables present the difference between the aggregate fair value and the aggregate unpaid principal balance of
trading assets, loans, loans held for sale, brokered deposits, and long-term debt instruments for which the fair value option
has been elected. For loans and loans held for sale for which the fair value option has been elected, the tables also includes
the difference between aggregate fair value and the aggregate unpaid principal balance of loans that are 90 days or more past
due, as well as loans in nonaccrual status.
(Dollars in thousands)
Aggregate
Fair Value
December 31, 2008
Aggregate
Unpaid Principal
Balance under FVO
December 31, 2008
Fair value
over/(under)
unpaid principal
Trading assets $852,300 $861,239 ($8,939)
Loans 222,221 247,098 (24,877)
Past due loans of 90 days or more 2,018 2,906 (888)
Nonaccrual loans 46,103 81,618 (35,515)
Loans held for sale 2,392,286 2,408,392 (16,106)
Past due loans of 90 days or more 4,663 7,222 (2,559)
Nonaccrual loans 27,483 47,228 (19,745)
Brokered deposits 587,486 627,737 (40,251)
Long-term debt 7,155,684 6,963,085 192,599
154