XML 109 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Loans Held for Sale
12 Months Ended
Dec. 31, 2013
Loans Receivable Held-for-sale, Net [Abstract]  
Other Loans Held For Sale
Note 4 - Other Loans Held for Sale
Loans are transferred to other loans held for sale at fair value when Synovus makes the determination to sell specifically identified loans. The fair value of the loans is primarily determined by analyzing the underlying collateral of the loan and the anticipated market prices of similar assets less estimated costs to sell. At the time of transfer, if the fair value is less than the carrying amount, the difference is recorded as a charge-off against the allowance for loan losses. Decreases in the fair value subsequent to the transfer, as well as gains/losses realized from sale of these loans, are recognized as (gains) losses on other loans held for sale, net as a component of non-interest expense on the consolidated statements of income. During the years ended December 31, 2013, 2012, and 2011, Synovus transferred loans with carrying values of $165.2 million, $731.9 million, and $486.7 million, respectively.