Huntington National Bank 2015 Annual Report Download - page 179
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171
Level 3 Fair Value Measurements
Year ended December 31, 2013
Available-for-sale securities
(dollar amounts in thousands) MSRs
Derivative
instruments
Municipal
securities
Private
label
CMO
Asset-
backed
securities
Automobile
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)
Noninterest income —————3,211
Total $ (966) $ (5,944) $ 2,129 $ (180)$ (2,244) $ (358)
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, 2015 December 31, 2014
(dollar amounts in thousands)
Fair value
carrying
amount
Aggregate
unpaid
principal Difference
Fair value
carrying
amount
Aggregate
unpaid
principal Difference
Assets
Loans held for sale $ 337,577 $ 326,802 $ 10,775 $ 354,888 $ 340,070 $ 14,818
Loans held for investment 32,889 33,637 (748) 40,027 40,938 (911)
Automobile loans 1,748 1,748 — 10,590 10,022 568
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, 2015, 2014, and 2013:
Net gains (losses) from fair value
changes Year ended December 31,
(dollar amounts in thousands) 2015 2014 2013
Assets
Mortgage loans held for sale $ (2,342)$ (1,978) $ (12,711)
Automobile loans (568)(918) (360)
Gains (losses) included in fair value changes
associated with instrument specific credit risk
Year ended December 31,
(dollar amounts in thousands) 2015 2014 2013
Assets
Automobile loans $ 199 $ 911 $ 2,207
Assets and Liabilities measured at fair value on a nonrecurring basis
Certain assets and liabilities may be required to be measured at fair value on a nonrecurring basis in periods subsequent to
their initial recognition. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to
fair value adjustments in certain circumstances, such as when there is evidence of impairment. For the year ended December 31,
2015, assets measured at fair value on a nonrecurring basis were as follows: