TCF Bank 2011 Annual Report Download - page 111

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The following table presents the balances of assets and liabilities measured at fair value on a recurring basis.
(In thousands)
Readily
Available
Market Prices(1)
Observable
Market Prices(2)
Company
Determined
Market Prices(3)
Total at
Fair Value
At December 31, 2011:
Securities available for sale:
Mortgage-backed securities:
U.S. Government sponsored enterprises and federal agencies $ – $2,322,336 $ – $2,322,336
Other – – 152 152
Other securities 252 – 1,298 1,550
Forward foreign currency contracts – 396 – 396
Assets held in trust for deferred compensation plans (4) 9,833 – – 9,833
Total assets $10,085 $2,322,732 $1,450 $2,334,267
Forward foreign currency contracts $ – $ 665 $ – $ 665
Total liabilities $ – $ 665 $ – $ 665
At December 31, 2010:
Securities available for sale:
Mortgage-backed securities:
U.S. Government sponsored enterprises and federal agencies $ – $ 1,903,536 $ – $ 1,903,536
Other – – 222 222
U.S. Treasury securities 25,000 – – 25,000
Other securities – – 2,416 2,416
Forward foreign currency contracts – 15 – 15
Assets held in trust for deferred compensation plans (4) 9,178 – – 9,178
Total assets $34,178 $ 1,903,551 $2,638 $ 1,940,367
Forward foreign currency contracts $ – $ 1,857 $ – $ 1,857
Total liabilities $ – $ 1,857 $ – $ 1,857
(1) Considered Level 1 under ASC 820, Fair Value Measurements and Disclosures.
(2) Considered Level 2 under ASC 820, Fair Value Measurements and Disclosures.
(3) Considered Level 3 under ASC 820, Fair Value Measurements and Disclosures and are based on valuation models that use significant assumptions that are not observable in
an active market.
(4) A corresponding liability is recorded in other liabilities for TCF’s obligation to the participants in these plans.
932011 Form 10-K