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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2017
Derivatives [Abstract] |
Derivatives Associated With Fixed Income Trading Activities |
The following tables summarize FHN’s derivatives associated with fixed income trading activities as of March 31, 2017 and December 31, 2016: |
| March 31, 2017 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts | $ | 1,743,855 |  |  | $ | 34,060 |  |  | $ | 15,510 |
Offsetting Upstream Interest Rate Contracts |  | 1,743,855 |  |  |  | 15,258 |  |  |  | 31,677 |
Option Contracts Purchased |  | 60,000 |  |  |  | 86 |  |  |  | - |
Forwards and Futures Purchased |  | 3,804,024 |  |  |  | 11,817 |  |  |  | 5,230 |
Forwards and Futures Sold |  | 3,817,997 |  |  |  | 5,410 |  |  |  | 13,135 |
| December 31, 2016 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts | $ | 1,697,992 |  |  | $ | 39,495 |  |  | $ | 14,996 |
Offsetting Upstream Interest Rate Contracts |  | 1,697,992 |  |  |  | 14,996 |  |  |  | 39,495 |
Option Contracts Purchased |  | 17,500 |  |  |  | 63 |  |  |  | - |
Option Contracts Written |  | 5,000 |  |  |  | - |  |  |  | 8 |
Forwards and Futures Purchased |  | 2,916,750 |  |  |  | 6,257 |  |  |  | 26,659 |
Forwards and Futures Sold |  | 3,085,396 |  |  |  | 27,330 |  |  |  | 6,615 |
Derivatives Associated With Interest Rate Risk Management Activities |
The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of March 31, 2017 and December 31, 2016: |
|  | March 31, 2017 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |  |  |
| Customer Interest Rate Contracts | $ | 1,450,711 |  |  | $ | 15,401 |  | $ | 15,388 |
| Offsetting Upstream Interest Rate Contracts |  | 1,450,711 |  |  |  | 14,053 |  |  | 14,277 |
Debt Hedging |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps | $ | 900,000 |  |  | $ | 749 |  |  | N/A |
Hedged Items: |  |  |  |  |  |  |  |  |  |
| Term Borrowings |  | N/A |  |  |  | N/A |  | $ | 900,000 | (a)
|  | December 31, 2016 |  |  |  |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |  |  |  |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |
| Customer Interest Rate Contracts | $ | 1,357,920 |  |  | $ | 17,566 |  | $ | 14,277 |  |  |  |
| Offsetting Upstream Interest Rate Contracts |  | 1,357,920 |  |  |  | 14,277 |  |  | 18,066 |  |  |  |
Debt Hedging |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps | $ | 900,000 |  |  | $ | 1,628 |  | $ | 7,276 |  |  |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |
| Term Borrowings |  | N/A |  |  |  | N/A |  | $ | 900,000 | (a) |  |  |
Represents par value of term borrowings being hedged.
Gains/(Losses) on Derivatives Associated with Interest Rate Risk Management Activities |
The following table summarizes gains/(losses) on FHN's derivatives associated with interest rate risk management activities for the three months ended March 31, 2017 and 2016: |  |
|  | March 31, 2017 |  |  | March 31, 2016 |  |
(Dollars in thousands) | Gains/(Losses) |  |  | Gains/(Losses) |  |
Customer Interest Rate Contracts Hedging |  |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |
| Customer Interest Rate Contracts (a) | $ | (3,276) |  | $ | 12,559 |  |
| Offsetting Upstream Interest Rate Contracts (a) |  | 3,276 |  |  | (12,559) |  |
Debt Hedging |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |
| Interest Rate Swaps (a) | $ | (2,800) |  | $ | 17,037 |  |
Hedged Items: |  |  |  |  |  |  |
| Term Borrowings (a) (b) |  | 2,733 |  |  | (16,745) |  |
Gains/losses included in the All other expense section of the Consolidated Condensed Statements of Income. Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.
Derivative Associated With Cash Flow Hedges |
The following tables summarize FHN’s derivative activities associated with cash flow hedges as of March 31, 2017 and December 31, 2016:
|  | March 31, 2017 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps | $ | 900,000 |  |  | $ | 1,286 |  |  | N/A |
Hedged Items: |  |  |  |  |  |  |  |  |  |
| Variability in Cash Flows Related to Debt Instruments (Primarily Loans) |  | N/A |  |  | $ | 900,000 |  |  | N/A |
|  | December 31, 2016 |
(Dollars in thousands) | Notional |  | Assets |  | Liabilities |
Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps | $ | 250,000 |  |  |  | N/A |  | $ | 2,045 |
Hedged Items: |  |  |  |  |  |  |  |  |  |
| Variability in Cash Flows Related to Debt Instruments (Primarily Loans) |  | N/A |  |  | $ | 250,000 |  |  | N/A |
Gains/(Losses) on Derivatives Associated with Cash Flow Hedges |
The following table summarizes gains/(losses) on FHN's derivatives associated with cash flow hedges for the three months ended March 31, 2017 and 2016: |  |
|  | March 31, 2017 |  |  | March 31, 2016 |  |
(Dollars in thousands) | Gains/(Losses) |  |  | Gains/(Losses) |  |
Cash Flow Hedges |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |
| Interest Rate Swaps (a) (b) | $ | (3,101) |  | $ | 5,618 |  |
Hedged Items: |  |  |  |  |  |  |
| Variability in Cash Flows Related to Debt Instruments (Primarily Loans) |  | N/A |  |  | N/A |  |
Amount represents the pre-tax gains/(losses) included within AOCI. Includes approximately $1.5 million of losses expected to be reclassified into earnings in the next twelve months.
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 March 31, 2017 and December 31, 2016:
|  | March 31,2017 |  |
(Dollars in thousands) | Notional |  | Assets |  |  | Liabilities |  |
Loan Portfolio Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps |  | $ | 6,500 |  |  |  | N/A |  |  |  | $ | 134 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Loans (a) |  |  | N/A |  |  | $ | 6,500 | (b) |  |  |  | N/A |  |
|  | December 31, 2016 |  |
(Dollars in thousands) | Notional |  | Assets |  |  | Liabilities |  |
Loan Portfolio Hedging |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swaps |  | $ | 6,500 |  |  |  | N/A |  |  |  | $ | 208 |  |
Hedged Items: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Trust Preferred Loans (a) |  |  | N/A |  |  | $ | 6,500 | (b) |  |  |  | N/A |  |
Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition. Represents principal balance being hedged.
Gains/(Losses) on Derivatives Associated with Trust Preferred Loans |
The following table summarizes gains/(losses) on FHN's derivatives associated with held-to-maturity trust preferred loans for the three months ended March 31, 2017 and 2016: |  |
|  | March 31, 2017 |  |  | March 31, 2016 |  |
(Dollars in thousands) | Gains/(Losses) |  |  | Gains/(Losses) |  |
Loan Portfolio Hedging |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |
| Interest Rate Swaps | $ | 74 |  | $ | 43 |  |
Hedged Items: |  |  |  |  |  |  |
| Trust Preferred Loans (a) | $ | (74) |  | $ | (42) |  |
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 details of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of March 31, 2017 and December 31, 2016: |
|  |  |  |  |  |  |  |  |  |  | Gross amounts not offset in the |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Statements of Condition |  |  |  |
|  |  |  | Gross amounts |  | Net amounts of |  | Derivative |  |  |  |  |  |  |
| Gross amounts |  | offset in the |  | assets presented |  | liabilities |  |  |  |  |  |  |
| of recognized |  | Statements of |  | in the Statements |  | available for |  | Collateral |  |  |  |
(Dollars in thousands) | assets |  | Condition |  | of Condition (a) |  | offset |  | Received |  | Net amount |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2017 (b) | $ | 80,807 |  | $ | - |  | $ | 80,807 |  | $ | (18,674) |  | $ | (46,189) |  | $ | 15,944 |
December 31, 2016 (b) |  | 87,962 |  |  | - |  |  | 87,962 |  |  | (25,953) |  |  | (52,888) |  |  | 9,121 |
In cluded in Derivative assets on the Consolidated Condensed Statements of Condition. As of March 31, 2017 and December 31, 2016, $17.3 million and $33.7 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. Amounts are comprised entirely of interest rate derivative contracts.
Derivative Liabilities and Collateral Pledged |
The following table provides details of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of March 31, 2017 and December 31, 2016: |
|  |  |  |  |  |  |  |  |  |  | Gross amounts not offset in the |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Statements of Condition |  |  |  |
|  |  |  | Gross amounts |  | Net amounts of |  |  |  |  |  |  |  |  |  |
| Gross amounts |  | offset in the | liabilities presented |  | Derivative |  |  |  |  |  |  |
| of recognized |  | Statements of |  | in the Statements |  | assets available |  | Collateral |  |  |  |
(Dollars in thousands) | liabilities |  | Condition |  | of Condition (a) |  | for offset |  | pledged |  | Net amount |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2017 (b) | $ | 76,986 |  | $ | - |  | $ | 76,986 |  | $ | (18,674) |  | $ | (55,378) |  | $ | 2,934 |
December 31, 2016 (b) |  | 96,363 |  |  | - |  |  | 96,363 |  |  | (25,953) |  |  | (60,746) |  |  | 9,664 |
In cluded in Derivative l iabilities on the Consolidated Condensed Statements of Condition. As of March 31, 2017 and December 31, 2016, $24.4 million and $39.5 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. Amounts are comprised entirely of interest rate derivative contracts.

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- 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=68066869&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=64837297&loc=SL5624186-113959 + Details
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