Regions Bank 2012 Annual Report Download - page 202

NOTE 18. OTHER NON-INTEREST INCOME AND EXPENSE
The following is a detail of other non-interest income from continuing operations for the years ended
December 31:
2012 2011 2010
(In millions)
Insurance commissions and fees ............................................... $109 $106 $104
Bank-owned life insurance ................................................... 81 83 88
Commercial credit fee income ................................................ 68 80 76
Net loss from affordable housing .............................................. (49) (69) (72)
Credit card / bank card income ................................................ 85 65 31
Other miscellaneous income .................................................. 91 107 104
$385 $372 $331
The following is a detail of other non-interest expense from continuing operations for the years ended
December 31:
2012 2011 2010
(In millions)
Professional and legal expenses ........................................... $ 114 $ 175 $ 170
Amortization of core deposit intangible ..................................... 83 95 107
Other real estate owned expense .......................................... 52 162 209
Credit/checkcard expenses ............................................... 64 50 41
Deposit administrative fee ............................................... 162 217 220
Loss on early extinguishment of debt ...................................... 11 — 108
Branch consolidation and property and equipment charges ..................... — 75 —
(Gain)/loss on loans held for sale, net ...................................... (61) 1 32
Marketing ............................................................ 87 62 66
Outside services ....................................................... 82 62 52
Other miscellaneous expenses ............................................ 526 443 451
$1,120 $1,342 $1,456
NOTE 19. INCOME TAXES
The components of income tax expense (benefit) from continuing operations for the years ended
December 31 were as follows:
2012 2011 2010
(In millions)
Current income tax expense (benefit):
Federal .................................................................. $(20) $ 2 $(183)
State .................................................................... 16 1 2
Total current expense (benefit) ............................................ $ (4) $ 3 $(181)
Deferred income tax expense (benefit):
Federal .................................................................. $383 $ 1 $(123)
State .................................................................... 103 (32) (72)
Total deferred expense (benefit) ........................................... $486 $(31) $(195)
Total income tax expense (benefit) ........................................ $482 $(28) $(376)
Note: The table above does not include income tax expense (benefit) from discontinued operations of $(40)
million, $(4) million and $30 million in 2012, 2011 and 2010, respectively. The deferred income tax expense
(benefit) reflected in discontinued operations was $(52) million, $8 million and $(15) million in 2012, 2011 and
2010, respectively.
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