Regions Bank 2011 Annual Report Download - page 108

The following table presents credit metrics for land, single-family and condominium loans:
Table 12—Land, Single-family and Condominium
December 31
2011 2010
(Dollars in millions, net of
unearned income)
Land
Loan balance ............................................... $857 $1,640
Accruing loans 90 days past due ................................ 1 1
Non-accruing loans* ......................................... 203 476
Non-accruing %* ........................................... 23.7% 29.0%
Single-family
Loan balance ............................................... $816 $1,236
Accruing loans 90 days past due ................................ 2 3
Non-accruing loans* ......................................... 133 290
Non-accruing %* ........................................... 16.3% 23.5%
Condominium
Loan balance ............................................... $151 $ 308
Accruing loans 90 days past due ................................ 1 —
Non-accruing loans* ......................................... 36 92
Non-accruing %* ........................................... 23.8% 29.9%
*Excludes non-accruing loans held for sale.
Regions has reduced exposures in these product types through pro-active workouts, appropriate charge-offs,
and asset dispositions.
MULTI-FAMILY AND RETAIL
In recent years, loans within the multi-family and retail components of the investor real estate portfolio
segment experienced increased pressure. Continued weak economic conditions impacted demand for products
and services in these sectors. Lower demand impacted cash flows generated by these properties, leading to a
higher rate of non-collection for these types of loans.
The following table presents credit metrics for multi-family and retail loans:
Table 13 —Multi-family and Retail
December 31
2011 2010
(Dollars in millions, net of
unearned income)
Multi-family
Loan balance ................................................... $2,643 $4,241
Accruing loans 90 days past due .................................... 7 1
Non-accruing loans* ............................................. 131 239
Non-accruing %* ................................................ 5.0% 5.6%
Retail
Loan balance ................................................... $2,223 $3,099
Accruing loans 90 days past due .................................... 1 —
Non-accruing loans* ............................................. 151 177
Non-accruing %* ................................................ 6.8% 5.7%
* Excludes non-accruing loans held for sale.
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