SunTrust 2015 Annual Report Download - page 171
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Notes to Consolidated Financial Statements, continued
143
The following tables present a reconciliation of the beginning
and ending balances for assets and liabilities measured at fair
value on a recurring basis using significant unobservable inputs
(other than servicing rights which are disclosed in Note 9,
“Goodwill and Other Intangible Assets”). Transfers into and out
of the fair value hierarchy levels are assumed to occur at the end
of the period in which the transfer occurred. None of the transfers
into or out of level 3 have been the result of using alternative
valuation approaches to estimate fair values. There were no
transfers between level 1 and 2 during the years ended December
31, 2015 and 2014.
Fair Value Measurements
Using Significant Unobservable Inputs
(Dollars in millions)
Beginning
Balance
January 1,
2015
Included
in
Earnings OCI Purchases Sales Settlements
Transfers
to/from
Other
Balance
Sheet
Line Items
Transfers
into
Level 3
Transfers
out of
Level 3
Fair Value
December 31,
2015
Included in
Earnings
(held at
December 31,
2015) 1
Assets
Trading assets:
Corporate and
other debt
securities $— ($13)
2
$— $123 ($21) $— $— $— $— $89 ($13)
2
Derivative
instruments, net 20 153 3— — — 3 (161) — — 15 20 3
Total trading assets 20 140 — 123 (21) 3 (161) — — 104 7
Securities AFS:
U.S. states and
political
subdivisions 12 — — — — (7) — — — 5 —
MBS - private 123 (1) 1 — — (29) — — — 94 (1)
ABS 21 — — — — (9) — — — 12 —
Corporate and
other debt
securities 5 — — 5 — (5) — — — 5 —
Other equity
securities 785 — (2) 104 — (447) — — — 440 —
Total securities
AFS 946 (1) 4(1) 5109 — (497) — — — 556 (1) 4
Residential LHFS 1 — — — (20) (1)(1) 26 — 5 —
LHFI 272 6 6— — — (41)(1) 21 — 257 4 6
Liabilities
Other liabilities 27 6 7— — — (10) — — — 23 6 7
1 Change in unrealized (losses)/gains included in earnings during the period related to financial assets/liabilities still held at December 31, 2015.
2 Amounts included in earnings are recognized in trading income.
3 Includes issuances, fair value changes, and expirations and are recognized in mortgage production related income.
4 Amount included in earnings is recognized in net securities gains/(losses).
5 Amount recognized in OCI is included in change in net unrealized (losses)/gains on securities AFS, net of tax.
6 Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in other noninterest income.
7 Amounts included in earnings are recognized in other noninterest expense.