Regions Bank 2011 Annual Report Download - page 97

Table 6—Non-Interest Expense from Continuing Operations (including Non-GAAP reconciliation)
As Reported (GAAP)
Year Ended December 31
2011 2010 2009
(In millions)
Salaries and employee benefits ...................................... $1,604 $1,640 $1,635
Net occupancy expense ............................................ 388 411 422
Furniture and equipment expense .................................... 275 277 281
Professional and legal fees ......................................... 175 170 167
Amortization of core deposit intangibles .............................. 95 107 120
Other real estate owned expense ..................................... 162 209 175
Branch consolidation and property and equipment charges ................ 75 — —
Other-than-temporary impairments ................................... 2 2 75
FDIC premiums .................................................. 217 220 227
Loss on early extinguishment of debt ................................. — 108 —
Regulatory charge ................................................ — 75 —
Goodwill impairment ............................................. 253 — —
Other miscellaneous expenses ....................................... 616 640 683
$3,862 $3,859 $3,785
Regulatory Charge and
Goodwill Impairment
Year Ended December 31
2011 2010 2009
(In millions)
Salaries and employee benefits ...................................... $ — $ — $ —
Net occupancy expense ............................................ — — —
Furniture and equipment expense .................................... — — —
Professional and legal fees ......................................... — — —
Amortization of core deposit intangibles .............................. — — —
Other real estate owned expense ..................................... — — —
Branch consolidation and property and equipment charges ................ — — —
Other-than-temporary impairments ................................... — — —
FDIC premiums .................................................. — — —
Loss on early extinguishment of debt ................................. — — —
Regulatory charge ................................................ — 75 —
Goodwill impairment ............................................. 253 — —
Other miscellaneous expenses ....................................... — — —
$ 253 $ 75 $ —
As Adjusted (Non-GAAP)
Year Ended December 31
2011 2010 2009
(In millions)
Salaries and employee benefits ...................................... $1,604 $1,640 $1,635
Net occupancy expense ............................................ 388 411 422
Furniture and equipment expense .................................... 275 277 281
Professional and legal fees ......................................... 175 170 167
Amortization of core deposit intangibles .............................. 95 107 120
Other real estate owned expense ..................................... 162 209 175
Branch consolidation and property and equipment charges ................ 75 — —
Other-than-temporary impairments ................................... 2 2 75
FDIC premiums .................................................. 217 220 227
Loss on early extinguishment of debt ................................. — 108 —
Regulatory charge ................................................ — — —
Goodwill impairment ............................................. — — —
Other miscellaneous expenses ....................................... 616 640 683
$3,609 $3,784 $3,785
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