Huntington National Bank 2013 Annual Report Download - page 173

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167
Level 3 Fair Value Measurements
Year ended December 31, 2012
Available-for-sale securities
Asset-
Derivative Municipal Private backed Automobile
(dollar amounts in thousands) MSRs instruments securities label CMO securities loans
Balance, beginning of year $ 65,001 $ (169)$ 95,092 $ 72,364 $ 121,698 $ 296,250
Total gains / losses:
Included in earnings (29,799) 10,617 --- (796) (59) (1,230)
Included in OCI --- --- (1,637) 8,245 23,138 ---
Sales --- --- (3,040) (15,183) (20,852) ---
Repayments --- --- --- --- --- (152,258)
Settlements --- 2,254 (29,187) (15,855) (13,888) ---
Balance, end of year $ 35,202 $ 12,702 $ 61,228 $ 48,775 $ 110,037 $ 142,762
Change in unrealized gains or losses for the
p
eriod included in earnings (or changes in net
assets) for assets held at end of the reporting
date $ (29,799)$ 5,818 $ (1,637)$ 8,245 $ 23,138 $ (1,230)
Level 3 Fair Value Measurements
Year ended December 31, 2011
Available-for-sale securities
Asset-
Derivative Municipal Private backed Automobile
(dollar amounts in thousands) MSRs instruments securities label CMO securities loans
Balance, beginning of year $ 125,679 $ 966 $ 149,806 $ 121,925 $ 162,684 $ 522,717
Total gains / losses:
Included in earnings (60,678) 211 --- (1,673) (3,065) (6,577)
Included in OCI --- --- --- 349 2,070 ---
Purchases --- --- 1,760 --- --- ---
Sales --- --- --- (20,958) --- ---
Repayments --- --- --- --- --- (219,890)
Settlements --- (1,346) (56,474) (27,279) (39,991) ---
Balance, end of year $ 65,001 $ (169)$ 95,092 $ 72,364 $ 121,698 $ 296,250
Change in unrealized gains or losses for the
period included in earnings (or changes in net
assets) for assets held at end of the reporting
date $ (60,678)$ (1,135)$ --- $ (1,494)$ 595 $ (6,577)
(1) Effective December 31, 2013 approximately $600.4 million of direct purchase municipal instruments were reclassified from C&I
loans to available-for-sale securities.