XML 130 R15.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Premises, Equipment, and Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Property, Plant and Equipment [Abstract] |
Premises, Equipment, and Leases | Premises, Equipment, and Leases Premises and equipment on December 31 are summarized below:
(Dollars in thousands) |  | 2019 |  | 2018
Land |  | $ | 98,804 |  |  | $ | 107,864 |
Buildings |  | 428,695 |  |  | 461,665 |
Leasehold improvements |  | 50,032 |  |  | 30,230 |
Furniture, fixtures, and equipment |  | 205,493 |  |  | 196,469 |
Fixed assets held-for-sale (a) |  | 9,719 |  |  | 19,617 |
Premises and equipment, at cost |  | 792,743 |  |  | 815,845 |
Less accumulated depreciation and amortization |  | 337,737 |  |  | 321,804 |
Premises and equipment, net |  | $ | 455,006 |  |  | $ | 494,041 |
(a) Primarily comprised of land and buildings. In 2019 and 2018, FHN recognized $26.9 million and $3.9 million, respectively, of fixed asset impairments and lease abandonment charges related to branch closures which are included in All other expenses on the Consolidated Statements of Income. In 2018, $1.5 million of impairment recoveries were recorded upon disposition of the associated properties. In 2019 and 2018, FHN had net gains of $2.3 million and $4.3 million, respectively, related to the sales of bank branches which are included in All other income and commissions on the Consolidated Statements of Income. FHN has operating, financing, and short-term leases for branch locations, corporate offices and certain equipment. Substantially all of these leases are classified as operating leases. The following table provides a detail of the classification of FHN's right-of-use ("ROU") assets and lease liabilities included in the Consolidated Statement of Conditions.
(Dollars in thousands) |  | December 31, 2019
Lease Right-of-Use Assets: | Classification |
Operating lease right-of use assets | Other assets | $ | 201,873 |
Finance lease right-of use assets | Other assets | 2,037 |
Total Lease Right-of Use Assets |  | $ | 203,910 |
Lease Liabilities: |  |
Operating lease liabilities | Other liabilities | $ | 223,128 |
Finance lease liabilities | Other liabilities | 2,708 |
Total Lease Liabilities |  | $ | 225,836 |
The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The following table details the weighted average remaining lease term and discount rate for FHN's operating and finance leases as of December 31, 2019.
Weighted Average Remaining Lease Terms |
Operating leases | 12.36 years |
Finance leases | 9.61 years |
Weighted Average Discount Rate |
Operating leases | 3.24 | %
Finance leases | 4.77 | %
The following table provides a detail of the components of lease expense and other lease information for the year ended December 31, 2019:
(Dollars in thousands) | 2019
Lease cost |
Operating lease cost | $ | 24,797 |
Finance lease cost: |
Amortization of right-of-use assets | 114 |
Interest on lease liabilities | 135 |
Short-term lease cost | 98 |
Sublease income | (366 | )
Total lease cost | $ | 24,778 |
Other information |
(Gain)/loss on right-of-use asset impairment-Operating leases | $ | 2,551 |
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | 23,053 |
Operating cash flows from finance leases | 135 |
Financing cash flows from finance leases | 142 |
Right-of-use assets obtained in exchange for new lease obligations: |
Operating leases | 47,735 |
Finance leases | 1,475 |
The following table provides a detail of the maturities of FHN's operating and finance lease liabilities as of December 31, 2019:
(Dollars in thousands) |  |  | December 31, 2019
2020 |  | $ | 26,594 |
2021 |  | 24,627 |
2022 |  | 23,553 |
2023 |  | 22,687 |
2024 |  | 22,224 |
2025 and after |  | 156,524 |
Total lease payments |  | 276,209 |
Less lease liability interest |  | (50,373 | )
Total |  | $ | 225,836 |
FHN had aggregate undiscounted contractual obligations totaling $2.6 million for lease arrangements that have not commenced. Payments under these arrangements are expected to occur from 2020 through 2030. Minimum future lease payments for noncancelable operating leases, primarily on premises, on December 31, 2018 are shown below.
(Dollars in thousands) | December 31, 2018
2019 | $ | 27,524 |
2020 | 24,722 |
2021 | 20,954 |
2022 | 16,518 |
2023 | 13,174 |
2024 and after | 42,370 |
Total minimum lease payments | $ | 145,262 |

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration