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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [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, 2018 and December 31, 2017:
|  | September 30, 2018
(Dollars in thousands) |  | Notional |  | Assets |  | Liabilities
Customer interest rate contracts |  | $ | 2,200,080 |  |  | $ | 7,861 |  |  | $ | 55,392 |
Offsetting upstream interest rate contracts |  | 2,200,080 |  |  | 7,904 |  |  | 8,244 |
Option contracts purchased |  | 30,000 |  |  | 32 |  |  | — |
Forwards and futures purchased |  | 5,425,631 |  |  | 4,915 |  |  | 14,002 |
Forwards and futures sold |  | 5,701,595 |  |  | 15,098 |  |  | 4,768 |
|  | December 31, 2017
(Dollars in thousands) |  | Notional |  | Assets |  | Liabilities
Customer interest rate contracts |  | $ | 2,026,753 |  |  | $ | 22,097 |  |  | $ | 18,323 |
Offsetting upstream interest rate contracts |  | 2,026,753 |  |  | 17,931 |  |  | 20,720 |
Option contracts purchased |  | 20,000 |  |  | 15 |  |  | — |
Forwards and futures purchased |  | 6,257,140 |  |  | 4,354 |  |  | 5,526 |
Forwards and futures sold |  | 6,292,012 |  |  | 5,806 |  |  | 4,010 |
Derivatives Associated With Interest Rate Risk Management Activities | The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of September 30, 2018 and December 31, 2017:
|  | September 30, 2018
(Dollars in thousands) |  | Notional |  | Assets |  | Liabilities
Customer Interest Rate Contracts Hedging |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |
Customer interest rate contracts |  | $ | 1,871,936 |  |  | $ | 3,792 |  |  | $ | 50,992 |
Offsetting upstream interest rate contracts |  | 1,871,936 |  |  | 14,182 |  |  | 2,608 |
Debt Hedging |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |
Interest rate swaps |  | $ | 900,000 |  |  | $ | 189 |  |  | N/A |
Hedged Items: |  |  |  |  |  |
Term borrowings: |  |  |  |  |  |
Par |  | N/A |  |  | N/A |  |  | $ | 900,000 |
Cumulative fair value hedging adjustments |  | N/A |  |  | N/A |  |  | (21,782 | )
Unamortized premium/(discount) and issuance costs |  | N/A |  |  | N/A |  |  | (2,699 | )
Total carrying value |  | N/A |  |  | N/A |  |  | 875,519 |
|  | December 31, 2017
(Dollars in thousands) |  | Notional |  | Assets |  | Liabilities
Customer Interest Rate Contracts Hedging |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |
Customer interest rate contracts |  | $ | 1,608,912 |  |  | $ | 11,644 |  |  | $ | 19,780 |
Offsetting upstream interest rate contracts |  | 1,608,912 |  |  | 18,473 |  |  | 11,019 |
Debt Hedging |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |
Interest rate swaps |  | $ | 900,000 |  |  | $ | 371 |  |  | N/A |
Hedged Items: |  |  |  |  |  |
Term borrowings: |  |  |  |  |  |
Par |  | N/A |  |  | N/A |  |  | $ | 900,000 |
Cumulative fair value hedging adjustments |  | N/A |  |  | N/A |  |  | (13,472 | )
Unamortized premium/(discount) and issuance costs |  | N/A |  |  | N/A |  |  | (3,910 | )
Total carrying value |  | N/A |  |  | N/A |  |  | $ | 882,618 |
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 and nine months ended September 30, 2018 and 2017:
|  | Three Months Ended September 30 |  | Nine Months Ended September 30
|  | 2018 |  | 2017 |  | 2018 |  | 2017
(Dollars in thousands) |  | Gains/(Losses) |  | Gains/(Losses) |  | Gains/(Losses) |  | Gains/(Losses)
Customer Interest Rate Contracts Hedging |  |  |  |  |  |
Hedging Instruments and Hedged Items: |  |  |  |  |  |  |  |
Customer interest rate contracts (a) |  | $ | (10,620 | ) |  | $ | (180 | ) |  | $ | (39,803 | ) |  | $ | 643 |
Offsetting upstream interest rate contracts (a) |  | 10,620 |  |  | 180 |  |  | 39,803 |  |  | (643 | )
Debt Hedging |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |
Interest rate swaps (b) |  | $ | (246 | ) |  | $ | (966 | ) |  | $ | (8,386 | ) |  | $ | (1,958 | )
Hedged Items: |  |  |  |  |  |  |  |
Term borrowings (b) (c) |  | 240 |  |  | 941 |  |  | 8,310 |  |  | 1,870 |
(a) | Gains/losses included in All other expense within the Consolidated Condensed Statements of Income.
(b) | Gains/losses included in the Interest expense for 2018 and All other expense for 2017 within the Consolidated Condensed Statements of Income.
(c) | 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 September 30, 2018 and December 31, 2017:
|  | September 30, 2018
(Dollars in thousands) |  | Notional |  | Assets |  | Liabilities
Cash Flow Hedges |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |
Interest rate swaps |  | $ | 900,000 |  |  | $ | 373 |  |  | N/A
Hedged Items: |  |  |  |  |  |
Variability in cash flows related to debt instruments (primarily loans) |  | N/A |  |  | $ | 900,000 |  |  | N/A
|  | December 31, 2017
(Dollars in thousands) |  | Notional |  | Assets |  | Liabilities
Cash Flow Hedges |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |
Interest rate swaps |  | $ | 900,000 |  |  | $ | 942 |  |  | N/A
Hedged Items: |  |  |  |  |  |
Variability in cash flows related to debt instruments (primarily loans) |  | N/A |  |  | $ | 900,000 |  |  | N/A
The following table summarizes gains/(losses) on FHN’s derivatives associated with cash flow hedges for the three and nine months ended September 30, 2018 and 2017:
|  | Three Months Ended September 30 |  | Nine Months Ended September 30
|  | 2018 |  | 2017 |  | 2018 |  | 2017
(Dollars in thousands) |  | Gains/(Losses) |  | Gains/(Losses) |  | Gains/(Losses) |  | Gains/(Losses)
Cash Flow Hedges |  |  |  |  |  |  |  |
Hedging Instruments: |  |  |  |  |  |  |  |
Interest rate swaps (a) |  | $ | (2,257 | ) |  | $ | (1,190 | ) |  | $ | (17,788 | ) |  | $ | (800 | )
Gain/(loss) recognized in Other comprehensive income/(loss) |  | (2,517 | ) |  | (91 | ) |  | (14,612 | ) |  | 1,906 |
Gain/(loss) reclassified from AOCI into Interest income |  | 771 |  |  | (643 | ) |  | 1,079 |  |  | (2,399 | )
(a) | Approximately $10.6 million of pre-tax losses are expected to be reclassified into earnings in the next twelve months.
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 September 30, 2018 and December 31, 2017:
|  |  |  |  |  |  |  | Gross amounts not offset in the Statements of Condition |  |
(Dollars in thousands) |  | Gross amounts of recognized assets |  | Gross amounts offset in the Statements of Condition |  | Net amounts of assets presented in the Statements of Condition (a) |  | Derivative liabilities available for offset |  | Collateral received |  | Net amount
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2018 (b) |  | $ | 34,414 |  |  | $ | — |  |  | $ | 34,414 |  |  | $ | (8,590 | ) |  | $ | (25,156 | ) |  | $ | 668 |
December 31, 2017 (b) |  | 71,458 |  |  | — |  |  | 71,458 |  |  | (17,278 | ) |  | (51,271 | ) |  | 2,909 |
(a) | Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of September 30, 2018 and December 31, 2017, $20.1 million and $10.2 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.
(b) | 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 September 30, 2018 and December 31, 2017:
|  |  |  |  |  |  |  | Gross amounts not offset in the Statements of Condition |  |
(Dollars in thousands) |  | Gross amounts of recognized liabilities |  | Gross amounts offset in the Statements of Condition |  | Net amounts of liabilities presented in the Statements of Condition (a) |  | Derivative assets available for offset |  | Collateral pledged |  | Net amount
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2018 (b) |  | $ | 117,241 |  |  | $ | — |  |  | $ | 117,241 |  |  | $ | (8,590 | ) |  | $ | (65,354 | ) |  | $ | 43,297 |
December 31, 2017 (b) |  | 69,842 |  |  | — |  |  | 69,842 |  |  | (17,278 | ) |  | (51,801 | ) |  | 763 |
(a) | Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As of September 30, 2018 and December 31, 2017, $53.1 million and $15.2 million, respectively, of derivative liabilities (primarily Visa-related derivatives and fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
(b) | Amounts are comprised entirely of interest rate derivative contracts.

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