Regions Bank 2009 Annual Report Download - page 127

REGIONS FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31
2009 2008
(In millions, except share data)
Assets
Cash and due from banks ....................................................... $ 2,052 $ 2,643
Interest-bearing deposits in other banks ........................................... 5,580 7,540
Federal funds sold and securities purchased under agreements to resell .................. 379 790
Trading account assets ......................................................... 3,039 1,050
Securities available for sale ..................................................... 24,069 18,850
Securities held to maturity (estimated fair value of $31 in 2009 and $47 in 2008) .......... 31 47
Loans held for sale (includes $780 and $506 measured at fair value at December 31, 2009 and
2008, respectively) .......................................................... 1,511 1,282
Loans, net of unearned income .................................................. 90,674 97,419
Allowance for loan losses ...................................................... (3,114) (1,826)
Net loans ............................................................... 87,560 95,593
Other interest-earning assets .................................................... 734 897
Premises and equipment, net .................................................... 2,668 2,786
Interest receivable ............................................................ 468 458
Goodwill ................................................................... 5,557 5,548
Mortgage servicing rights ...................................................... 247 161
Other identifiable intangible assets ............................................... 503 638
Other assets ................................................................. 7,920 7,965
Total assets ............................................................. $142,318 $146,248
Liabilities and Stockholders' Equity
Deposits:
Non-interest-bearing ...................................................... $ 23,204 $ 18,457
Interest-bearing .......................................................... 75,476 72,447
Total deposits ........................................................ 98,680 90,904
Borrowed funds:
Short-term borrowings:
Federal funds purchased and securities sold under agreements to repurchase ...... 1,893 3,143
Other short-term borrowings ............................................ 1,775 12,679
Total short-term borrowings ........................................ 3,668 15,822
Long-term borrowings ..................................................... 18,464 19,231
Total borrowed funds 22,132 35,053
Other liabilities .............................................................. 3,625 3,478
Total liabilities ........................................................... 124,437 129,435
Stockholders’ equity:
Preferred stock, authorized 10 million shares
Series A, cumulative perpetual participating, par value $1.00 (liquidation
preference $1,000.00) per share, net of discount;
Issued—3,500,000 shares ............................................ 3,343 3,307
Series B, mandatorily convertible, cumulative perpetual participating, par value
$1,000.00 (liquidation preference $1,000.00) per share;
Issued—267,665 shares .............................................. 259 —
Common stock, par value $.01 per share:
Authorized 1.5 billion shares
Issued including treasury stock—1,235,850,589 shares in 2009 and 735,667,650
shares in 2008 ..................................................... 12 7
Additional paid-in capital .................................................. 18,781 16,815
Retained earnings (deficit) .................................................. (3,235) (1,869)
Treasury stock, at cost—43,241,020 shares in 2009 and 44,301,693 shares in 2008 ..... (1,409) (1,425)
Accumulated other comprehensive income (loss), net ............................ 130 (22)
Total stockholders’ equity .............................................. 17,881 16,813
Total liabilities and stockholders’ equity ........................................... $142,318 $146,248
See notes to consolidated financial statements.
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