Regions Bank 2012 Annual Report Download - page 162

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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, 2012
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
(In millions)
Securities available for sale:
U.S. Treasury securities .............................. $ 50 $ 2 $— $ 52
Federal agency securities ............................. 550 4 (1) 553
Obligations of states and political subdivisions ............ 9 — — 9
Mortgage-backed securities:
Residential agency .............................. 20,721 574 (18) 21,277
Residential non-agency ........................... 12 1 — 13
Commercial agency .............................. 705 20 — 725
Commercial non-agency .......................... 1,055 43 — 1,098
Corporate and other debt securities ...................... 2,762 81 (8) 2,835
Equity securities .................................... 679 4 (1) 682
$26,543 $729 $ (28) $27,244
Securities held to maturity:
U.S. Treasury securities .............................. $ 2 $— $— $ 2
Federal agency securities ............................. 2 — — 2
Mortgage-backed securities:
Residential agency .............................. 6 1 — 7
$10 $1 $— $11
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
146