Huntington National Bank 2014 Annual Report Download - page 177
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171
Level 3 Fair Value Measurements
Year ended December 31, 2013
Available-for-sale securities
Asset-
Derivative Municipal Private backed Automobile
(dollar amounts in thousands) MSRs instruments securities label CMO securities loans
Classification of gains and losses in earnings:
Mortgage banking income (loss) $ (966)$ (5,944)$ --- $ --- $ --- $ ---
Securities gains (losses) --- --- --- (336) (1,466) ---
Interest and fee income --- --- 2,129 156 (778) (3,569)
N
oninterest income --- --- --- --- --- 3,211
Total $ (966)$ (5,944)$ 2,129 $ (180)$ (2,244)$ (358)
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
Classification of gains and losses in earnings:
Mortgage banking income (loss) $ (29,799)$ 10,617 $ --- $ --- $ --- $ ---
Securities gains (losses) --- --- --- (1,614) --- ---
Interest and fee income --- --- --- 818 (59) (6,950)
N
oninterest income --- --- --- --- --- 5,720
Total $ (29,799)$ 10,617 $ --- $ (796)$ (59)$ (1,230)
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, 2014 December 31, 2013
Fair value Aggregate Fair value Aggregate
carrying unpaid carrying unpaid
(dollar amounts in thousands) amoun
t
principal Difference amoun
t
principal Difference
Assets
Loans held for sale $ 354,888 $ 340,070 $ 14,818 $ 278,928 $ 276,945 $ 1,983
Loans held for investment 40,027 40,938 (911) --- --- ---
Automobile loans 10,590 10,022 568 52,286
50,800 1,486
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, 2014, 2013 and 2012:
Net gains (losses) from fair value changes
Year ended December 31,
(dollar amounts in thousands) 2014
2013 2012
Assets
Mortgage loans held for sale $ (1,978) $(12,711) $4,284
Automobile loans (918) (360) (1,231)
Liabilities
Securitization trust notes payable --- --- (2,023)