Regions Bank 2011 Annual Report Download - page 217

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:
2011 2010 2009
(In millions)
Insurance commissions and fees .......................................... $106 $104 $105
Bank-owned life insurance ............................................... 83 88 74
Commercial credit income ............................................... 80 76 70
Net revenue (loss) from affordable housing .................................. (69) (72) (53)
Visa-related gains ...................................................... — — 80
Other miscellaneous income .............................................. 172 135 188
$372 $331 $464
The following is a detail of non-interest expense from continuing operations for the years ended
December 31:
2011 2010 2009
(In millions)
Professional and legal fees ............................................ $ 175 $ 170 $ 167
Amortization of core deposit intangibles ................................. 95 107 120
Other real estate owned expense ....................................... 162 209 175
FDIC premiums .................................................... 217 220 227
Loss on early extinguishment of debt .................................... — 108 —
Branch consolidation and equipment charges ............................. 75 — —
Other miscellaneous expenses ......................................... 616 640 683
$1,340 $1,454 $1,372
NOTE 19. INCOME TAXES
The components of income tax benefit from continuing operations for the years ended December 31 were as
follows:
2011 2010 2009
(In millions)
Current income tax (benefit) expense
Federal .................................................................. $ 2 $(183) $(418)
State .................................................................... 1 2 8
Total current (benefit) expense ........................................... $ 3 $(181) $(410)
Deferred income tax (benefit) expense
Federal .................................................................. $ 1 $(123) $ 328
State .................................................................... (32) (72) (112)
Total deferred (benefit) expense .......................................... $(31) $(195) $ 216
Total income tax benefit ................................................ $(28) $(376) $(194)
Discontinued Operations:
Income tax expense (benefit) from discontinued operations was $(4) million, $30 million and $23 million in
2011, 2010 and 2009, respectively. The deferred income tax expense (benefit) reflected in discontinued
operations was $8 million, ($15) million and $29 million in 2011, 2010 and 2009, respectively.
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