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Variable Interest Entities (Tables) | 3 Months Ended
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Mar. 31, 2014
Variable Interest Entities [Abstract] |
Summary Of VIEs Consolidated By FHN |
The following table summarizes VIEs consolidated by FHN as of March 31, 2014 and 2013:
|  |  |  | March 31, 2014 |  | March 31, 2013 |
|  |  |  | On-Balance Sheet |  | Rabbi Trusts |  | On-Balance Sheet |  | Rabbi Trusts |
|  |  |  | Consumer Loan Securitization |  | Used for Deferred Compensation Plans |  | Consumer Loan Securitizations |  | Used for Deferred Compensation Plans |
(Dollars in thousands) |  | Carrying Value |  | Carrying Value |  | Carrying Value |  | Carrying Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  |  | $ | - |  |  |  | N/A |  |  | $ | 243 |  |  |  | N/A |
Loans, net of unearned income |  |  |  | 86,685 |  |  |  | N/A |  |  |  | 114,505 |  |  |  | N/A |
| Less: Allowance for loan losses |  |  |  | 1,954 |  |  |  | N/A |  |  |  | 3,712 |  |  |  | N/A |
|  | Total net loans |  |  |  | 84,731 |  |  |  | N/A |  |  |  | 110,793 |  |  |  | N/A |
Other assets |  |  |  | 888 |  |  | $ | 64,217 |  |  |  | 1,647 |  |  | $ | 62,053 |
Total assets |  |  | $ | 85,619 |  |  | $ | 64,217 |  |  | $ | 112,683 |  |  | $ | 62,053 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term borrowings |  |  | $ | 77,119 |  |  |  | N/A |  |  | $ | 104,875 |  |  |  | N/A |
Other liabilities |  |  |  | 5 |  |  | $ | 50,423 |  |  |  | 24 |  |  | $ | 49,720 |
Total liabilities |  |  | $ | 77,124 |  |  | $ | 50,423 |  |  | $ | 104,899 |  |  | $ | 49,720 |
Summary Of VIEs Not Consolidated By FHN |
The following table summarizes FHN’s nonconsolidated VIEs as of March 31, 2014: |
|  | Maximum |  | Liability |  |  |
(Dollars in thousands) |  | Loss Exposure | Recognized | Classification |
Type |  |  |  |  |  |  |  |  |  |
Low income housing partnerships (a) (b) |  | $ | 48,067 |  |  | $ | - |  | Other assets |
New market tax credit LLCs (b) (c) |  |  | 22,492 |  |  |  | - |  | Other assets |
Small issuer trust preferred holdings (d) |  |  | 375,247 |  |  |  | - |  | Loans, net of unearned income |
On-balance sheet trust preferred securitization |  |  | 53,463 |  |  |  | 60,711 |  | (e) |
Proprietary trust preferred issuances (f) |  |  | N/A |  |  |  | 206,186 |  | Term borrowings |
Proprietary and agency residential mortgage securitizations |  |  | 54,559 |  |  |  | - |  | (g) |
Holdings of agency mortgage-backed securities (d) |  |  | 3,861,630 |  |  |  | - |  | (h) |
Short positions in agency mortgage-backed securities (f) |  |  | N/A |  |  |  | 1,586 |  | Trading liabilities |
Commercial loan troubled debt restructurings (i) (j) |  |  | 58,736 |  |  |  | - |  | Loans, net of unearned income |
Managed discretionary trusts (f) |  |  | N/A |  |  |  | N/A |  | N/A |
Maximum loss exposure represents $4 1.7 million of current investments and $6.3 million of contractual funding commitments. Only the current investment amount is included in Other assets. A lia bility is not recognized as investments are written down over the life of the related tax credit. Maximum loss exposure represents current investment balance. Of the initial investment, $1 8.0 million was funded through loans from community development enterprises. Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities. Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $60.7 million classified as Term borrowings. No exposure to loss due to the nature of FHN's involvement. Includes $1.4 million and $1.0 million classified as MSR related to proprietary and agency residential mortgage securitizations, respect ively, and $6.6 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $45.5 million are classified as Other assets. Includes $537.3 million classified as Trading securities and $3.3 billion cla ssified as Securities available-for-sale. Maximum loss exposure represents $5 7.2 million of current receivables and $1.5 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations.
The following table summarizes FHN's nonconsolidated VIEs as of March 31, 2013:
|  | Maximum |  | Liability |  |  |
(Dollars in thousands) |  | Loss Exposure | Recognized | Classification |
Type |  |  |  |  |  |  |  |  |
Low income housing partnerships (a) (b) |  | $ | 52,528 |  | $ | - |  | Other assets |
New market tax credit LLCs (b) (c) |  |  | 23,494 |  |  | - |  | Other assets |
Small issuer trust preferred holdings (d) |  |  | 418,404 |  |  | - |  | Loans, net of unearned income |
On-balance sheet trust preferred securitization |  |  | 54,577 |  |  | 59,597 |  | (e) |
Proprietary trust preferred issuances (f) |  |  | N/A |  |  | 206,186 |  | Term borrowings |
Proprietary and agency residential mortgage securitizations |  |  | 416,648 |  |  | - |  | (g) |
On-balance sheet consumer loan securitizations |  |  | 14,477 |  |  | 270,385 |  | (h) |
Holdings of agency mortgage-backed securities (d) |  |  | 3,584,187 |  |  | - |  | (i) |
Short positions in agency mortgage-backed securities (f) |  |  | N/A |  |  | 51,108 |  | Trading liabilities |
Commercial loan troubled debt restructurings (j) (k) |  |  | 68,921 |  |  | - |  | Loans, net of unearned income |
Managed discretionary trusts (f) |  |  | N/A |  |  | N/A |  | N/A |
Maximum loss exposure represents $5 0.6 million of current investments and $1.9 million of contractual funding commitments. Only the current investment amount is included in Other a ssets. A liability is not recognized as investments are written down over the life of the related tax credit. Maximum loss exposure represents current investment balance. Of the initial investment $1 8.0 million was funded through loans from community development enterprises. Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities. Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $5 9.6 million classified as Term borrowings. No exposure to loss due to the nature of FHN's involveme nt. Includes $6 6.6 million and $28.7 million classified as MSR and $7.6 million and $8.8 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $3 0 4.8 million are classified as Other assets. Includes $2 84.9 million classified as Loans, net of unearned income which are offset by $2 70.4 million classified as Term borrowings. Includes $669.3 million classified as Trading securities and $2.9 billion cla ssified as Securities available-for-sale. Maximum loss exposure represents $65.7 million of current receivables and $3.2 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations.
Schedule Of Cash Flows Related To Loan Sales And Securitizations [Table Text Block] |
For the three months ended March 31, 2013, cash flows received and paid related to loan sales and securitizations where FHN had continuing involvement were as follows: |
| Three Months Ended |
(Dollars in thousands) | March 31, 2013 |
Proceeds from initial sales | $ | 10,843 |
Servicing fees retained (a) |  | 12,589 |
Purchases of GNMA guaranteed mortgages |  | 39,041 |
Purchases of previously transferred financial assets (b) (c) |  | 144,737 |
Other cash flows received on retained interests |  | 1,413 |
I nclude d servicing fees on MSR associated w ith loan sales and purchased MSR. Include d repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losse s incurred by purchaser. Also included buyouts from GSEs in order to facilitate foreclosures. I nclude d $74.7 million of cash paid related to clean-up calls exercised by FHN.
Schedule Of Principal Amount Of Delinquent Loans, And Net Credit Losses |
The principal amount of loans transferred through loan sales and securitizations and other loans managed with them in which FHN had continuing involvement, the principal amount of delinquent loans, and the net credit losses during first quarter 2013 are as follows:
| Principal Amount of Residential Real | Net Credit Losses (c) |
| Estate Loans (a) (b) (c) |  | Three months ended |
(Dollars in thousands) | March 31, 2013 |  | March 31, 2013 |
Total loans managed or transferred | $ |  | 14,403,257 |  | $ |  | 62,627 |
Amounts represent real estate residential loans in FHN's portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN ha d a retained interest other than servicing rights. Also include d $5.3 billion of loans transferred to GSEs with any type of retained interest other than servicing rights. I ncludes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in th is amount was $40.5 million of GNMA g uaranteed mortgages. No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencie s retain credit risk. See Note 1 1 - Contingencies and Other Disclosures for discussion related to repurchase obligatio ns for loans transferred to GSE s or private investors.

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- Definition Tabular disclosure of cash flows received and paid related to loan sales and securitizations in which FHN has a continuting interest. + References No definition available. + Details
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- Definition Schedule of information related to loans sold and managed to which FHN has a continuing interest. + References No definition available. + Details
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- Definition Schedule of information summarizing types of unconsolidated VIE, maximum loss exposure, amounts recorded on the Consolidated Balance Sheet, and associated balance sheet line items. + References No definition available. + Details
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