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2010. For the year ended December 31, 2010 there were no other transfers between levels. 

The following is a reconciliation of the beginning and ending balances of recurring fair value measurements for trust preferred securities and corporate debt securities, as applicable, recognized in the accompanying Consolidated Balance Sheets using Level 3 inputs: 

<img src='content_image/173223.jpg'>

The transfer from Level 3 to Level 2 during the year ended December 31, 2009 primarily related to corporate debt securities. Due to an increase in trading activity and observable inputs for the Company’s corporate debt securities during the year ended December 31, 2009, the fair value measurements for these securities were recognized using Level 2 inputs. 

## Assets and liabilities measured at fair value on a nonrecurring basis 

The following table presents the balances of the assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2011 and 2010, respectively, by caption, on the Consolidated Balance Sheets and by FASB ASC 820 valuation hierarchy (as described above): 

<img src='content_image/173222.jpg'>

(1) Loans considered impaired under FASB ASC 310-10-35 Receivables. This amount reflects the recorded investment in impaired loans, net of any related allowance for loan losses. (2) 

Represents the carrying value of MSRs, net. 

