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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2015
Derivatives [Abstract] |
Derivatives Associated With Fixed Income Trading Activities |
The following tables summarize FHN’s derivatives associated with fixed income trading activities as of September 30, 2015 and 2014: |
| September 30, 2015 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts | $ | 1,670,717 |  |  | $ | 82,905 |  |  | $ | 1,512 |
Offsetting Upstream Interest Rate Contracts |  | 1,670,717 |  |  |  | 1,512 |  |  |  | 82,905 |
Option Contracts Purchased |  | 10,000 |  |  |  | 23 |  |  |  | - |
Forwards and Futures Purchased |  | 3,458,150 |  |  |  | 15,561 |  |  |  | 353 |
Forwards and Futures Sold |  | 3,578,542 |  |  |  | 774 |  |  |  | 15,568 |
| September 30, 2014 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts | $ | 1,731,047 |  |  | $ | 69,878 |  |  | $ | 5,778 |
Offsetting Upstream Interest Rate Contracts |  | 1,731,047 |  |  |  | 5,778 |  |  |  | 69,878 |
Option Contracts Purchased |  | 10,000 |  |  |  | 27 |  |  |  | - |
Option Contracts Written |  | 7,500 |  |  |  | - |  |  |  | 6 |
Forwards and Futures Purchased |  | 1,866,521 |  |  |  | 2,047 |  |  |  | 614 |
Forwards and Futures Sold |  | 2,311,144 |  |  |  | 1,134 |  |  |  | 2,281 |
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 and nine months ended September 30, 2015 and 2014:
|  |  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |  | Nine Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |  |  | September 30, 2015 |  |  | September 30, 2015 |  |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Customer Interest Rate Contracts (a) | $ | 790,321 |  |  | $ | 34,507 |  | $ | 210 |  |  |  | $ | 10,558 |  |  |  | $ | 8,643 |  |
| Offsetting Upstream Interest Rate Contracts (a) |  | 790,321 |  |  |  | 210 |  |  | 35,007 |  |  |  |  | (10,558) |  |  |  |  | (8,643) |  |
Debt Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps (b) | $ | 1,150,000 |  |  | $ | 16,960 |  | $ | N/A |  |  |  | $ | 3,247 |  |  |  | $ | (6,593) |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Borrowings (b) |  | N/A |  |  |  | N/A |  | $ | 1,150,000 | (c) |  |  | $ | (3,167) | (d) |  |  | $ | 6,645 | (d) |
|  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |  | Nine Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |  |  | September 30, 2014 |  |  | September 30, 2014 |  |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Customer Interest Rate Contracts (a) | $ | 742,065 |  |  | $ | 25,039 |  | $ | 1,128 |  |  |  | $ | (3,235) |  |  |  | $ | (1,166) |  |
| Offsetting Upstream Interest Rate Contracts (a) |  | 742,065 |  |  |  | 1,128 |  |  | 25,539 |  |  |  |  | 3,235 |  |  |  |  | 1,166 |  |
Debt Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps (b) | $ | 1,254,000 |  |  | $ | 32,711 |  | $ | 9,787 |  |  |  | $ | (7,074) |  |  |  | $ | (10,313) |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Borrowings (b) |  | N/A |  |  |  | N/A |  | $ | 1,254,000 | (c) |  |  | $ | 7,074 | (d) |  |  | $ | 10,313 | (d) |
Gains/losses included in the All o ther 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 and nine months ended September 30, 2015 and 2014:
|  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |  | Nine Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  |  | Liabilities |  | September 30, 2015 |  | September 30, 2015 |
Loan Portfolio Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps |  | $ | 6,500 |  |  |  | N/A |  |  |  | $ | 600 |  |  | $ | 40 |  |  |  | $ | 144 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Loans (a) |  |  | N/A |  |  | $ | 6,500 | (b) |  |  |  | N/A |  |  | $ | (39) | (c) |  |  | $ | (142) | (c) |
|  |  |  |  |  |  |  |  |  |  |  | Gains/(Losses) |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Three Months Ended |  |  | Nine Months Ended |  |
(Dollars in thousands) | Notional |  | Assets |  |  | Liabilities |  | September 30, 2014 |  | September 30, 2014 |
Loan Portfolio Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps |  | $ | 6,500 |  |  |  | N/A |  |  |  | $ | 791 |  |  | $ | 110 |  |  |  | $ | 215 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Loans (a) |  |  | N/A |  |  | $ | 6,500 | (b) |  |  |  | N/A |  |  | $ | (109) | (c) |  |  | $ | (213) | (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.
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 September 30: |
|  |  |  |  |  |  |  |  |  |  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2015 (b) | $ | 136,098 |  | $ | - |  | $ | 136,098 |  | $ | (9,748) |  | $ | (121,401) |  | $ | 4,949 |
2014 (b) |  | 134,534 |  |  | - |  |  | 134,534 |  |  | (24,210) |  |  | (110,262) |  |  | 62 |
In cluded in Derivative a ssets on the Consolidated Condensed Statements of Condition. As of September 30, 201 5 and 201 4, $16.5 million and $3.2 million, respectively, of derivative assets (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. 201 5 and 2014 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 September 30: |
|  |  |  |  |  |  |  |  |  |  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2015 (b) | $ | 120,234 |  | $ | - |  | $ | 120,234 |  | $ | (9,748) |  | $ | (78,211) |  | $ | 32,275 |
2014 (b) |  | 112,901 |  |  | - |  |  | 112,901 |  |  | (24,210) |  |  | (77,755) |  |  | 10,936 |
In cluded in Derivative l iabilities on the Consolidated Condensed Statements of Condition. As of September 30, 201 5 and 201 4, $20.7 million and $10.5 million, respectively, of derivative liabilities (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. 2015 and 2014 are comprised entirely of interest rate derivative contracts.

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