Regions Bank 2008 Annual Report Download - page 122

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NOTE 5. SECURITIES
The amortized cost and estimated fair value of securities available for sale and securities held to maturity at
December 31 are as follows:
2008
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
(In thousands)
Securities available for sale:
U.S. Treasury securities ........................ $ 801,999 $ 83,726 $ — $ 885,725
Federal agency securities ....................... 1,520,636 175,375 (53) 1,695,958
Obligations of states and political subdivisions ...... 755,365 8,827 (8,048) 756,144
Mortgage-backed securities ..................... 14,585,349 283,303 (539,231) 14,329,421
Other debt securities .......................... 21,412 105 (2,551) 18,966
Equity securities .............................. 1,177,450 427 (14,609) 1,163,268
$18,862,211 $551,763 $(564,492) $18,849,482
Securities held to maturity:
U.S. Treasury securities ........................ $ 14,578 $ 1,120 $ — $ 15,698
Federal agency securities ....................... 9,728 274 (876) 9,126
Obligations of states and political subdivisions ...... 550 20 — 570
Mortgage-backed securities ..................... 19,921 58 (257) 19,722
Other debt securities .......................... 2,529 10 — 2,539
$ 47,306 $ 1,482 $ (1,133) $ 47,655
2007
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
(In thousands)
Securities available for sale:
U.S. Treasury securities ........................ $ 944,306 $ 5,611 $ (3,320) $ 946,597
Federal agency securities ....................... 3,224,350 93,972 (2,089) 3,316,233
Obligations of states and political subdivisions ...... 725,351 7,585 (1,769) 731,167
Mortgage-backed securities ..................... 11,024,643 91,124 (40,337) 11,075,430
Other debt securities .......................... 45,046 91 (963) 44,174
Equity securities .............................. 1,204,816 1,052 (1,395) 1,204,473
$17,168,512 $199,435 $ (49,873) $17,318,074
Securities held to maturity:
U.S. Treasury securities ........................ $ 18,050 $ 586 $ — $ 18,636
Federal agency securities ....................... 13,423 219 — 13,642
Obligations of states and political subdivisions ...... 1,200 16 — 1,216
Mortgage-backed securities ..................... 17,328 33 — 17,361
Other debt securities .......................... 934 12 (11) 935
$ 50,935 $ 866 $ (11) $ 51,790
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