Regions Bank 2009 Annual Report Download - page 146
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NOTE 4. SECURITIES
The amortized cost and estimated fair value of securities available for sale and securities held to maturity at
December 31 are as follows:
December 31, 2009 Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
(In millions)
Securities available for sale:
U.S. Treasury securities ............................... $ 46 $ 4 $— $ 50
Federal agency securities .............................. 44 1 — 45
Obligations of states and political subdivisions ............. 70 — — 70
Mortgage-backed securities:
Residential agency ............................... 22,271 474 (61) 22,684
Residential non-agency ............................ 33 3 — 36
Commercial agency .............................. 20 1 — 21
Other debt securities .................................. 22 — (3) 19
Equity securities ..................................... 1,132 12 — 1,144
$23,638 $495 $ (64) $24,069
Securities held to maturity:
U.S. Treasury securities ............................... $ 7 $— $— $ 7
Federal agency securities .............................. 6 — — 6
Mortgage-backed securities:
Residential agency ............................... 16 — — 16
Other debt securities .................................. 2 — — 2
$31$— $— $31
December 31, 2008 Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
(In millions)
Securities available for sale:
U.S. Treasury securities ............................... $ 802 $ 84 $— $ 886
Federal agency securities .............................. 1,521 175 — 1,696
Obligations of states and political subdivisions ............. 755 9 (8) 756
Mortgage-backed securities:
Residential agency ............................... 12,060 276 (3) 12,333
Residential non-agency ............................ 1,627 6 (394) 1,239
Commercial .................................... 898 1 (142) 757
Other debt securities .................................. 21 — (2) 19
Equity securities ..................................... 1,178 1 (15) 1,164
$18,862 $552 $(564) $18,850
Securities held to maturity:
U.S. Treasury securities ............................... $ 14 $ 1 $— $ 15
Federal agency securities .............................. 10 — (1) 9
Obligations of states and political subdivisions ............. 1 — — 1
Mortgage-backed securities:
Residential agency ............................... 20 — — 20
Other debt securities .................................. 2 — — 2
$47$1 $(1)$47
132