Regions Bank 2008 Annual Report Download - page 162
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NOTE 26. PARENT COMPANY ONLY FINANCIAL STATEMENTS
Presented below are condensed financial statements of Regions Financial Corporation:
Balance Sheets
December 31
2008 2007
(In thousands)
ASSETS
Cash and due from banks .............................................. $ 783 $ 2,162
Interest-bearing deposits in other banks ................................... 4,766,741 2,003,660
Loans to subsidiaries .................................................. 90,625 90,625
Securities available for sale ............................................. 67,241 35,522
Trading assets ....................................................... 19,399 —
Premises and equipment ............................................... 78,181 79,878
Investments in subsidiaries:
Banks .......................................................... 14,559,177 21,297,176
Non-banks ...................................................... 1,760,573 1,473,856
16,319,750 22,771,032
Other assets ......................................................... 491,315 525,389
$21,834,035 $25,508,268
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long-term borrowings ................................................. $ 4,686,925 $ 5,003,946
Other liabilities ...................................................... 334,273 681,293
Total liabilities ...................................................... 5,021,198 5,685,239
Stockholders’ equity:
Preferred stock ................................................... 3,307,382 —
Common stock ................................................... 7,357 7,347
Additional paid-in capital .......................................... 16,814,730 16,544,651
Retained earnings (deficit) ......................................... (1,868,752) 4,439,505
Treasury stock ................................................... (1,425,646) (1,370,761)
Accumulated other comprehensive income (loss) ....................... (22,234) 202,287
Total stockholders’ equity .............................................. 16,812,837 19,823,029
$21,834,035 $25,508,268
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