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: 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.  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): Assets and liabilities measured at fair value on a nonrecurring basis (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. page 72 Quoted Prices in Active Markets Other Significant for Observable Unobservable Identical Assets Inputs Inputs (Dollars in thousands) Amount (Level 1) (Level 2) (Level 3) December 31, 2011: Loans held for sale $ 3,346 — 3,346 — Loans, net (1) 9,765 — 9,765 Other real estate owned 7,898 — 7,898 Other assets  (2) 1,245 — 1,245 Total assets at fair value $ 22,254 — 3,346 18,908 December 31, 2010: Loans held for sale $ 4,281 — 4,281 — Loans, net (1) 10,362 — 10,362 Other real estate owned 8,125 — 8,125 Other assets  (2) 1,189 — 1,189 Total assets at fair value $ 23,957 — 4,281 19,676 Year ended December 31 (Dollars in thousands) 2011 2010 2009 Beginning balance  $ 2,149 $ 1,463 $ 8,705 Total realized and unrealized gains and (losses): Included in net earnings (338) (1,218) (5,234) Included in other comprehensive income 175 1,904 605 Purchases — — — Issuances Settlements — — — Transfers in and/or (out) of Level 3 (2,613) Ending balance $ 1,986 $ 2,149 $ 1,463