Loans |
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| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans | following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income as of December 31:
_________ (1)Loans are presented net of unearned income, unamortized discounts and premiums and net deferred loan costs of $678 million and $234 million at December 31, 2020 and 2019, respectively. During both 2020 and 2019, Regions purchased approximately $1.6 billion in indirect-other consumer, residential first mortgage and commercial and industrial loans from third parties. The 2020 purchases do not include loans from the Ascentium acquisition. In January 2019, Regions decided to discontinue its indirect auto lending business due to margin compression impacting overall returns on the portfolio. Regions ceased originating new indirect auto loans in the first quarter of 2019 and completed any in-process indirect auto loan closings at the end of the second quarter of 2019. The Company remains in the direct auto lending business. At December 31, 2020, $20.8 billion in securities and net eligible loans held by Regions were pledged to secure current and potential borrowings from the FHLB. At December 31, 2020, an additional $17.6 billion in net eligible loans held by Regions were pledged to the FRB for potential borrowings. See Note 14 for details regarding Regions’ investment in sales-type, direct financing, and leveraged leases included within the commercial and industrial loan portfolio.
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