BB&T 2010 Annual Report Download - page 156
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The tables below present a reconciliation for the years ended December 31, 2010, 2009 and 2008, respectively,
for Level 3 assets and liabilities that are measured at fair value on a recurring basis.
Fair Value Measurements Using Significant Unobservable Inputs
Year Ended
December 31, 2010 Trading
States &
Political
Subdivisions
Equity &
Other
Securities Covered
Securities
Mortgage
Servicing
Rights Net
Derivatives
Venture
Capital and
Similar
Investments
(Dollars in millions)
Balance at January 1, 2010 $ 93 $210 $ 9 $668 $ 832 $ (20) $281
Total realized and unrealized gains or
losses:
Included in earnings:
Interest income — — — 61 — — —
Mortgage banking income — — — — (267) 246 —
Other noninterest income (1) — — — — — 35
Included in other comprehensive
income (loss) — 12 (1) 225 — — —
Purchases, issuances and settlements (5) (87) (1) — 265 (251) (50)
Transfers into Level 3 — — — — — — —
Transfers out of Level 3 (76) (16) — — — — —
Balance at December 31, 2010 $ 11 $119 $ 7 $954 $ 830 $ (25) $266
Net unrealized gains (losses) included in net
income relating to assets and liabilities
still held at December 31, 2010 $ (2) $— $— $ 61 $(138) $ (25) $ 9
Fair Value Measurements Using Significant Unobservable Inputs
Year Ended
December 31, 2009 Trading
States &
Political
Subdivisions
Non-agency
mortgage-
backed
securities
Equity &
Other
Securities Covered
Securities
Mortgage
Servicing
Rights Net
Derivatives
Venture
Capital and
Similar
Investments
(Dollars in millions)
Balance at January 1, 2009 $ 4 $— $ 1,098 $ 1 $— $370 $ 37 $182
Total realized and unrealized
gains or losses:
Included in earnings:
Interest income — — — — 20 — — —
Mortgage banking
income — — — — — 64 222 —
Other noninterest
income (2) — — — — — — 6
Included in other
comprehensive income
(loss) — (12) 142 — 19 — — —
Purchases, issuances and
settlements 91 (6) (179) (1) (3) 398 (259) 93
Transfers into Level 3 from
Colonial acquisition — — — — 632 — (20) —
Transfers in and/or out of
Level 3 — 228 (1,061) 9 — — — —
Balance at December 31, 2009 $ 93 $210 $ — $ 9 $668 $832 $(20) $281
Net unrealized gains (losses)
included in net income relating to
assets and liabilities still held at
December 31, 2009 $ (3) $— $ — $— $ 20 $190 $(20) $ (2)
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