Regions Bank 2011 Annual Report Download - page 149

REGIONS FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31
2011 2010
(In millions, except share data)
Assets
Cash and due from banks .................................................... $ 2,132 $ 1,643
Interest-bearing deposits in other banks ......................................... 4,913 4,880
Federal funds sold and securities purchased under agreements to resell ................ 200 396
Trading account assets ...................................................... 1,266 1,116
Securities available for sale .................................................. 24,471 23,289
Securities held to maturity (estimated fair value of $17 and $26, respectively) .......... 16 24
Loans held for sale (includes $844 and $1,174 measured at fair value, respectively) ...... 1,193 1,485
Loans, net of unearned income ................................................ 77,594 82,864
Allowance for loan losses .................................................... (2,745) (3,185)
Net loans ............................................................. 74,849 79,679
Other interest-earning assets .................................................. 1,085 1,219
Premises and equipment, net ................................................. 2,375 2,569
Interest receivable .......................................................... 361 421
Goodwill ................................................................. 4,816 5,561
Mortgage servicing rights .................................................... 182 267
Other identifiable intangible assets ............................................. 449 385
Other assets ............................................................... 8,742 9,417
Total assets ........................................................... $127,050 $132,351
Liabilities and Stockholders’ Equity
Deposits:
Non-interest-bearing .................................................... $ 28,266 $ 25,733
Interest-bearing ........................................................ 67,361 68,881
Total deposits ..................................................... 95,627 94,614
Borrowed funds:
Short-term borrowings:
Federal funds purchased and securities sold under agreements to repurchase .... 2,333 2,716
Other short-term borrowings ......................................... 734 1,221
Total short-term borrowings .................................. 3,067 3,937
Long-term borrowings .................................................. 8,110 13,190
Total borrowed funds ....................................... 11,177 17,127
Other liabilities ............................................................ 3,747 3,876
Total liabilities ........................................................ 110,551 115,617
Stockholders’ equity:
Preferred stock, authorized 10 million shares
Series A, cumulative perpetual participating, par value $1.00 (liquidation
preference $1,000.00) per share, net of discount;
Issued—3,500,000 shares ........................................ 3,419 3,380
Common stock, par value $.01 per share:
Authorized 3 billion shares
Issued including treasury stock—1,301,230,838 and 1,299,000,755 shares,
respectively ..................................................... 13 13
Additional paid-in capital ................................................ 19,060 19,050
Retained earnings (deficit) ............................................... (4,527) (4,047)
Treasury stock, at cost—42,414,444 and 42,764,258 shares, respectively .......... (1,397) (1,402)
Accumulated other comprehensive income (loss), net .......................... (69) (260)
Total stockholders’ equity ........................................... 16,499 16,734
Total liabilities and stockholders’ equity .................................... $127,050 $132,351
See notes to consolidated financial statements.
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