Regions Bank 2009 Annual Report Download - page 113
Download and view the complete annual report
Please find page 113 of the 2009 Regions Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
 |
 |
2007 2006 2005
(In millions)
Allowance for loan losses at January 1 ....................................... $1,056 $ 784 $755
Loans charged-off:
Commercial and industrial ............................................ 103 72 93
Commercial real estate(1) ............................................. 39 49 63
Construction ....................................................... 33 10 7
Residential first mortgage(2) ........................................... 20 2 n/a
Equity ............................................................ 54 38 4
Indirect ........................................................... 36 18 18
Other consumer ..................................................... 83 31 27
368 220 212
Recoveries of loans previously charged-off:
Commercial and industrial ............................................ 30 34 37
Commercial real estate(1) ............................................. 9 10 13
Construction ....................................................... 2 3 1
Residential first mortgage(2) ........................................... 1 — n/a
Equity ............................................................ 13 8 2
Indirect ........................................................... 16 8 7
Other consumer ..................................................... 26 17 16
97 80 76
Net charge-offs:
Commercial and industrial ............................................ 73 38 56
Commercial real estate(1) ............................................. 30 39 50
Construction ....................................................... 31 7 6
Residential first mortgage(2) ........................................... 19 2 n/a
Equity ............................................................ 41 30 2
Indirect ........................................................... 21 10 11
Other consumer ..................................................... 56 14 11
271 140 136
Allowance of purchased institutions at acquisition date .......................... — 336 —
Allowance allocated to sold loans and loans transferred to loans held for sale ........ (19) (14) —
Transfer to/from reserve for unfunded credit commitments(3) .................... — (52) —
Provision for loan losses from continuing operations ............................ 555 142 167
Provision (credit) for loan losses from discontinued operations .................... — — (2)
Allowance for loan losses at December 31 .................................... $1,321 $1,056 $784
Reserve for unfunded credit commitments at January 1 .......................... $ 52 $ — $—
Transfer from/to allowance for loan losses(3) ............................. — 52 —
Provision for unfunded credit commitments ............................... 6 — —
Reserve for unfunded credit commitments at December 31 ....................... $ 58 $ 52 $—
Allowance for credit losses ................................................ $1,379 $1,108 $784
(1) Breakout of commercial real estate mortgage and construction between owner occupied and investor
categories not available for periods prior to 2008.
(2) Breakout of residential first mortgage not available for 2005 due to the AmSouth merger; residential first
mortgage is included in commercial real estate for 2005.
(3) During the fourth quarter of 2006, Regions transferred the portion of the allowance for loan losses related to
unfunded credit commitments to other liabilities.
99