Regions Bank 2010 Annual Report Download - page 151
Download and view the complete annual report
Please find page 151 of the 2010 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
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
 |
 |
The following tables present unrealized losses and estimated fair values of securities available for sale at
December 31, 2010 and 2009. These securities are segregated between investments that have been in a
continuous unrealized loss position for less than twelve months and twelve months or more.
Less Than
Twelve Months Twelve Months or More Total
December 31, 2010
Estimated
Fair Value
Gross
Unrealized
Losses
Estimated
Fair Value
Gross
Unrealized
Losses
Estimated
Fair Value
Gross
Unrealized
Losses
(In millions)
Mortgage-backed securities:
Residential agency ................ $11,023 $(155) $— $— $11,023 $(155)
Commercial agency ............... 94 (3) — — 94 (3)
Commercial non-agency ............ 100 (3) — — 100 (3)
All other securities .................... — — 5 (2) 5 (2)
$11,217 $(161) $ 5 $ (2) $11,222 $(163)
Less Than
Twelve Months Twelve Months or More Total
December 31, 2009
Estimated
Fair Value
Gross
Unrealized
Losses
Estimated
Fair Value
Gross
Unrealized
Losses
Estimated
Fair Value
Gross
Unrealized
Losses
(In millions)
Mortgage-backed securities:
Residential agency ................ $ 6,686 $ (61) $— $— $ 6,686 $ (61)
All other securities .................... — — 8 (3) 8 (3)
$ 6,686 $ (61) $ 8 $ (3) $ 6,694 $ (64)
The gross unrealized loss on debt securities held to maturity was $0 million at both December 31, 2010 and
2009.
For the securities included in the tables above, management does not believe any individual unrealized loss,
which was comprised of 292 securities and 151 securities at December 31, 2010 and 2009, respectively,
represented an other-than-temporary impairment as of those dates. The unrealized losses are related primarily to
the impact of higher interest rates and their impact on mortgage-backed securities. The Company does not intend
to sell, and it is not more likely than not, that the Company will be required to sell the securities before the
recovery of their amortized cost basis, which may be maturity.
137