Regions Bank 2011 Annual Report Download - page 173

Download and view the complete annual report

Please find page 173 of the 2011 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.

Page out of 268

  • 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
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268

NOTE 4. SECURITIES
The amortized cost, gross unrealized gains and losses, and estimated fair value of securities available for
sale and securities held to maturity are as follows:
December 31, 2011
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
(In millions)
Securities available for sale:
U.S. Treasury securities .............................. $ 95 $ 3 $— $ 98
Federal agency securities ............................. 147 — — 147
Obligations of states and political subdivisions ............ 24 12 — 36
Mortgage-backed securities:
Residential agency .............................. 21,688 494 (7) 22,175
Residential non-agency ........................... 15 1 — 16
Commercial agency .............................. 318 8 — 326
Commercial non-agency .......................... 314 7 — 321
Corporate and other debt securities ...................... 539 5 (7) 537
Equity securities .................................... 817 2 (4) 815
$23,957 $532 $ (18) $24,471
Securities held to maturity:
U.S. Treasury securities .............................. $ 4 $— $— $ 4
Federal agency securities ............................. 3 — — 3
Mortgage-backed securities:
Residential agency .............................. 9 1 — 10
$16 $1 $— $17
December 31, 2010
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
(In millions)
Securities available for sale:
U.S. Treasury securities .............................. $ 85 $ 6 $— $ 91
Federal agency securities ............................. 16 — — 16
Obligations of states and political subdivisions ............ 23 7 — 30
Mortgage-backed securities:
Residential agency .............................. 21,735 265 (155) 21,845
Residential non-agency ........................... 20 2 — 22
Commercial agency .............................. 113 2 (3) 112
Commercial non-agency .......................... 103 — (3) 100
Other debt securities ................................. 27 — (2) 25
Equity securities .................................... 1,047 1 — 1,048
$23,169 $283 $(163) $23,289
Securities held to maturity:
U.S. Treasury securities .............................. $ 5 $ 1 $— $ 6
Federal agency securities ............................. 5 — — 5
Mortgage-backed securities: ...........................
Residential agency .............................. 12 1 — 13
Other debt securities ................................. 2 — — 2
$24 $2 $— $26
149