BB&T 2011 Annual Report Download - page 141

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The tables below present a reconciliation for the years ended December 31, 2011, 2010 and 2009, 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, 2011 Trading
States &
Political
Subdivisions
Other
Securities
Covered
Securities
Residential
Mortgage
Servicing
Rights
Net
Derivatives
Venture
Capital and
Similar
Investments
(Dollars in millions)
Balance at January 1, 2011 $ 11 $ 119 $ 7 $ 954 $ 830 $ (25) $ 266
Total realized and unrealized gains or
losses:
Included in earnings:
Interest income — — — 54 — — —
Mortgage banking income — — — — (492) 151 —
Other noninterest income (3) — — — — — 64
Included in other comprehensive
income (loss) — (9) (1) 24 — — —
Purchases 7 — — — — — 61
Issuances — — — — 225 110 —
Sales (14) — — — — — (112)
Settlements — (53) (1) (48) — (177) (15)
Transfers into Level 3 — — — — — — 1
Transfers out of Level 3 — (57) (5) — — — (4)
Balance at December 31, 2011 $ 1 $ — $ — $ 984 $ 563 $ 59 $ 261
Change in unrealized gains (losses) included in
earnings for the period, attributable to assets
and liabilities still held at December 31, 2011 $ — $ — $ — $ 54 $ (341) $ 59 $ 39
Fair Value Measurements Using Significant Unobservable Inputs
Year Ended December 31, 2010 Trading
States &
Political
Subdivisions
Other
Securities
Covered
Securities
Residential
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 out of Level 3 (76) (16) — — — — —
Balance at December 31, 2010 $ 11 $ 119 $ 7 $ 954 $ 830 $ (25) $ 266
Change in unrealized gains (losses) included in
earnings for the period, attributable to assets
and liabilities still held at December 31, 2010 $ (2) $ — $ — $ 61 $ (138) $ (25) $ 9
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