XML 53 R43.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Derivatives [Abstract] |
Derivatives Associated With Capital Markets Trading Activities |
The following table summarizes FHN’s derivatives associated with capital markets trading activities as of March 31, 2014 and 2013: |
| March 31, 2014 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts | $ | 1,775,287 |  |  | $ | 76,173 |  |  | $ | 7,103 |
Offsetting Upstream Interest Rate Contracts |  | 1,775,287 |  |  |  | 7,103 |  |  |  | 76,173 |
Option Contracts Purchased |  | 10,000 |  |  |  | 29 |  |  |  | - |
Forwards and Futures Purchased |  | 2,234,232 |  |  |  | 1,738 |  |  |  | 1,260 |
Forwards and Futures Sold |  | 2,607,585 |  |  |  | 2,277 |  |  |  | 1,478 |
| March 31, 2013 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts | $ | 1,477,632 |  |  | $ | 119,866 |  |  | $ | 1,327 |
Offsetting Upstream Interest Rate Contracts |  | 1,477,632 |  |  |  | 1,327 |  |  |  | 119,866 |
Option Contracts Purchased |  | 2,500 |  |  |  | 5 |  |  |  | - |
Option Contracts Written |  | 2,500 |  |  |  | - |  |  |  | 2 |
Forwards and Futures Purchased |  | 5,786,940 |  |  |  | 7,541 |  |  |  | 8,199 |
Forwards and Futures Sold |  | 5,923,867 |  |  |  | 8,090 |  |  |  | 8,381 |
Derivatives Associated With Interest Rate Risk Management Activities |
The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the three months ended March 31, 2014 and 2013: |
|  |  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |  |  | March 31, 2014 |  |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Customer Interest Rate Contracts (a) | $ | 742,710 |  |  | $ | 26,742 |  | $ | 2,310 |  |  |  | $ | (645) |  |
| Offsetting Upstream Interest Rate Contracts (a) |  | 758,882 |  |  |  | 2,310 |  |  | 27,242 |  |  |  |  | 645 |  |
Debt Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps (b) | $ | 1,254,000 |  |  | $ | 50,092 |  | $ | 16,409 |  |  |  | $ | 389 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Borrowings (b) |  | N/A |  |  |  | N/A |  | $ | 1,254,000 | (c) |  |  | $ | (389) | (d) |
|  |  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |  |  | March 31, 2013 |  |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Customer Interest Rate Contracts (a) | $ | 925,608 |  |  | $ | 49,941 |  | $ | 330 |  |  |  | $ | (5,313) |  |
| Offsetting Upstream Interest Rate Contracts (a) |  | 925,608 |  |  |  | 330 |  |  | 50,741 |  |  |  |  | 5,713 |  |
Debt Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps (b) | $ | 1,604,000 |  |  | $ | 85,114 |  | $ | 7,427 |  |  |  | $ | (17,574) |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Borrowings (b) |  | N/A |  |  |  | N/A |  | $ | 1,604,000 | (c) |  |  | $ | 17,574 | (d) |
Gains/losses included in the Other expense section of the Consolidated Condensed Statements of Income. Gains/losses included in the All other income and commissions section of the Consolidated Condensed Statements of Income. Represents par value of term borrowings being hedged. Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.
Schedule Of Derivative Activities Associated With Trust Preferred Loans |
The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the three months ended March 31, 2014 and 2013:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  |  | Liabilities |  | March 31, 2014 |  |
Loan Portfolio Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps |  | $ | 6,500 |  |  |  | N/A |  |  |  | $ | 943 |  |  | $ | 63 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Loans (a) |  |  | N/A |  |  | $ | 6,500 | (b) |  |  |  | N/A |  |  | $ | (63) | (c) |
|  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  |  | Liabilities |  | March 31, 2013 |  |
Loan Portfolio Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps |  | $ | 21,500 |  |  |  | N/A |  |  |  | $ | 1,456 |  |  | $ | 587 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Loans (a) |  |  | N/A |  |  | $ | 21,500 | (b) |  |  |  | N/A |  |  | $ | (587) | (c) |
Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition. Represents principal balance being hedged. Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.
Derivatives Associated With Legacy Mortgage Servicing Activities |
The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities as of and for the three months ended March 31, 2013: |
|  |  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |
|  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |  | March 31, 2013
Retained Interests Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Forwards and Futures | $ | 124,000 |  |  | $ | 162 |  |  | $ | - |  |  | $ | (411) |
| Interest Rate Swaps and Swaptions |  | 735,000 |  |  |  | 1,956 |  |  |  | 215 |  |  |  | 735 |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Mortgage Servicing Rights |  | N/A |  |  | $ | 106,329 |  |  |  | N/A |  |  | $ | 1,177 |
| Other Retained Interests |  | N/A |  |  |  | 16,454 |  |  |  | N/A |  |  |  | 481 |
Derivative Assets And Collateral Received |
The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of March 31: |
|  |  |  |  |  |  |  |  |  |  | Gross amounts not offset in the |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Statement of Condition |  |  |  |
|  |  |  | Gross amounts |  | Net amounts of |  | Derivative |  |  |  |  |  |  |
| Gross amounts |  | offset in the |  | assets presented |  | liabilities |  |  |  |  |  |  |
| of recognized |  | Statement of |  | in the Statement |  | available for |  | Collateral |  |  |  |
(Dollars in thousands) | assets |  | Condition |  | of Condition (a) |  | offset |  | Received |  | Net amount |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2014 (b) | $ | 162,420 |  | $ | - |  | $ | 162,420 |  | $ | (33,495) |  | $ | (128,810) |  | $ | 115 |
2013 (b) |  | 258,534 |  |  | - |  |  | 258,534 |  |  | (22,582) |  |  | (234,562) |  |  | 1,390 |
In cluded in Derivative Assets on the Consolidated Condensed Statements of Condition. As of March 3 1, 201 4 and 201 3, $4.0 million and $1 5.8 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from th ese tables because they are generally not subject to master netting or similar agreements. 201 4 and 201 3 are comprised entirely of interest rate derivative contracts.
Derivative Liabilities and Collateral Pledged |
The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of March 31: |
|  |  |  |  |  |  |  |  |  |  | Gross amounts not offset in the |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Statement of Condition |  |  |  |
|  |  |  | Gross amounts |  | Net amounts of |  |  |  |  |  |  |  |  |  |
| Gross amounts |  | offset in the | liabilities presented |  | Derivative |  |  |  |  |  |  |
| of recognized |  | Statement of |  | in the Statement |  | assets available |  | Collateral |  |  |  |
(Dollars in thousands) | liabilities |  | Condition |  | of Condition (a) |  | for offset |  | pledged |  | Net amount |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2014 (b) | $ | 130,180 |  | $ | - |  | $ | 130,180 |  | $ | (33,495) |  | $ | (91,331) |  | $ | 5,354 |
2013 (b) |  | 181,362 |  |  | - |  |  | 181,362 |  |  | (22,582) |  |  | (153,870) |  |  | 4,910 |
In cluded in Derivative Liabilities on the Consolidated Condensed Statements of Condition. As of March 31, 201 4 and 201 3, $7.7 million and $18.6 million, respectively, of derivative liabilities (primarily capital markets forward contracts) have been excluded from th ese tables because they are generally not subject to master netting or similar agreements. 201 4 and 2013 are comprised entirely of int erest rate derivative contracts.

X
- Definition Schedule Of Derivative Activities Associated With Trust Preferred Loans [Table Text Block] + References No definition available. + Details
Name: | fhn_ScheduleOfDerivativeActivitiesAssociatedWithTrustPreferredLoansTableTextBlock
Namespace Prefix: | fhn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Derivative Assets And Collateral Received [Table Text BLock] + References No definition available. + Details
Name: | fhn_ScheduleOfDerivativeAssetsAndCollateralReceivedTableTextBlock
Namespace Prefix: | fhn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Derivative Liabilities And Collateral Pledged [Table Text Block] + References No definition available. + Details
Name: | fhn_ScheduleOfDerivativeLiabilitiesAndCollateralPledgedTableTextBlock
Namespace Prefix: | fhn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of derivatives associated with Legacy Mortgage Servicing operations. + References No definition available. + Details
Name: | fhn_ScheduleOfDerivativesAssociatedWithLegacyMortgageServicingActivitiesTableTextBlock
Namespace Prefix: | fhn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsAndHedgesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gains and losses on derivative instruments included in an entity's trading activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 55 -Paragraph 184 -URI http://asc.fasb.org/extlink&oid=28362867&loc=SL5634876-113961 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4F -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624186-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsIncludedInTradingActivitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration