Regions Bank 2010 Annual Report Download - page 6
Download and view the complete annual report
Please find page 6 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
 |
 |
Capital ratios remained strong throughout 2010, with Tier 1
common and Tier 1 ratios standing at a solid 7.85 and 12.40
percent, respectively. Our Basel III pro-forma Tier 1 common
and Tier 1 capital ratios are 7.62 and 11.35 percent, above the
respective 7 percent and 8.5 percent minimums required under
Basel III. Our liquidity position remained solid at both the bank
and the holding company level, and we fi nished the year with a
loan-to-deposit ratio of 88 percent.
CHALLENGES FACED
Our core business performance results indicate we are making
progress, and our stock outperformed the S&P 500 as well as the
KBW Banking Index. However, we are far from satisfi ed with
these results given that we fi nished the year with a loss of $763
million or $0.62 per share. The results refl ect an elevated – but
lower – loan loss provision of $2.9 billion. Throughout the year,
we made progress in de-risking the balance sheet, selling $2.1
billion of non-performing assets. Non-performing assets as a
percentage of total loans and repossessed assets were 4.70 percent
at December 31, 2010, compared to 4.83 percent a year earlier.
We’ve learned some tough lessons as a result of the economic
crisis and are now facing our challenges with a better perspective
and even more determination. We realize we were over concentrated
in real estate and over concentrated in certain markets, specifi cally
Florida and Georgia. As a result, we are reducing our exposure to
real estate and are moving toward a better balance in our consumer
and business portfolio and more balance across our geographies.
As part of an aggressive plan to improve credit quality, we have
disposed of approximately $3.5 billion in problem assets over the
past two years and have a disciplined process to determine on
a case-by-case basis whether a workout, restructuring or asset
sale provides the most economically benefi cial path to resolution.
REGIONS 2010 ANNUAL REPORT
4 |
Strengthening
the enterprise
risk management
framework is
essential to the
long-term success of
our company.