Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2011

Components of Comprehensive Income

The components of comprehensive income are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Net income	$	220		$	124		$	701		$	335
Other comprehensive income:
Change in net unrealized gain (loss) on securities available for sale:
Net unrealized gain		4			108			41			297
Reclassification of impairment charges included in earnings		13			3			22			19
Other reclassification of gains in earnings		—			—			1			—
Income tax effect		(6	)		(43	)		(24	)		(122	)
Total other comprehensive income		11			68			40			194
Comprehensive income	$	231		$	192		$	741		$	529

Accumulated Other Comprehensive Income (loss) Balances

Accumulated other comprehensive income (loss) represents cumulative gains and losses that are not reflected in earnings. Accumulated other comprehensive income (loss) balances were:

	Net unrealized gain (loss) on securities available for sale
	Portion of unrealized gain (loss) on Non-OTTI securities			Portion of unrealized loss on OTTI securities (1)			Net unrealized loss on cash flow hedging instruments			Total accumulated other comprehensive income (loss)
Balance at December 31, 2009	$	(77	)	$	(114	)	$	—		$	(191	)
Reclassification of OTTI securities		21			(21	)		—			—
Other net changes		150			44			—			194
Balance at September 30, 2010	$	94		$	(91	)	$	—		$	3
Balance at December 31, 2010	$	88		$	(71	)	$	(1	)	$	16
Reclassification of OTTI securities		6			(6	)		—			—
Other net changes		43			(4	)		1			40
Balance at September 30, 2011	$	137		$	(81	)	$	—		$	56

⁽¹⁾  OTTI securities are securities for which the Company has recognized an impairment charge through earnings.