BB&T 2014 Annual Report Download - page 106
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Table of Contents
The following table reflects changes in credit losses on securities with OTTI (excluding securities acquired from the FDIC) where a portion of the unrealized
loss was recognized in OCI.
Balance at beginning of period $ 78 $ 98 $ 130
Credit losses on securities without previous OTTI 6 ― ―
Credit losses on securities for which OTTI was previously recognized ― ― 5
Reductions for securities sold/settled during the period (17) (20) (37)
Credit recoveries through yield (3) ― ―
Balance at end of period $ 64 $ 78 $ 98
The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS
may differ from contractual maturities because borrowers have the right to prepay the underlying mortgage loans with or without prepayment penalties.
Due in one year or less $ 612 $ 612 $ ― $ ―
Due after one year through five years 828 839 750 734
Due after five years through ten years 583 611 6,007 5,960
Due after ten years 18,637 18,845 13,483 13,619
Total debt securities $ 20,660 $ 20,907 $ 20,240 $ 20,313
The following tables present the fair values and gross unrealized losses of investments based on the length of time that individual securities have been in a
continuous unrealized loss position:
AFS securities:
MBS issued by GSE $ 2,285 $ 19 $ 6,878 $ 278 $ 9,163 $ 297
States and political subdivisions 13 — 449 59 462 59
Total $ 2,298 $ 19 $ 7,327 $ 337 $ 9,625 $ 356
HTM securities:
GSE $ 896 $ 5 $ 3,968 $ 103 $ 4,864 $ 108
MBS issued by GSE 1,329 5 800 7 2,129 12
Total $ 2,225 $ 10 $ 4,768 $ 110 $ 6,993 $ 120
105
Source: BB&T CORP, 10-K, February 25, 2015 Powered by Morningstar® Document Research℠
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