Regions Bank 2011 Annual Report Download - page 175

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The following tables present gross unrealized losses and estimated fair values of securities available for sale
at December 31, 2011 and 2010. There were no gross unrealized losses on debt securities held to maturity at both
December 31, 2011 and 2010. 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.
December 31, 2011
Less Than
Twelve Months Twelve Months or More Total
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 ...... $1,778 $ (7) $— $— $1,778 $ (7)
Commercial agency ..... — — — — — —
Commercial
non-agency .......... — — — — — —
All other securities .......... 291 (9) 5 (2) 296 (11)
$2,069 $ (16) $ 5 $ (2) $2,074 $ (18)
December 31, 2010
Less Than
Twelve Months Twelve Months or More Total
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)
The Company does not intend to sell, and it is not likely that the Company will be required to sell the
securities before the recovery of their amortized cost basis, which may be at maturity. For the securities included
in the tables above, management does not believe any individual unrealized loss, which was comprised of 524
securities and 292 securities at December 31, 2011 and 2010, respectively, represented an other-than-temporary
impairment as of those dates.
151