XML 73 R46.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Term Borrowings (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Information Pertaining to Term Borrowings | The following table presents information pertaining to term borrowings as of December 31, 2021 and 2020: Table 8.11.1 TERM BORROWINGS
(Dollars in millions) |  | 2021 |  | 2020
First Horizon Bank: |  |  |  |
Subordinated notes (a) |  |  |  |
Maturity date – May 1, 2030 - 5.75% |  | $ | 447 |  |  | $ | 447 |
Other collateralized borrowings - Maturity date – December 22, 2037 |  |  |  |
0.50% on December 31, 2021 and 0.52% on December 31, 2020 (b) |  | 87 |  |  | 82 |
Other collateralized borrowings - SBA loans (c) |  | 6 |  |  | 15 |
First Horizon Corporation: |  |  |  |
Senior notes |  |  |  |
Maturity date – May 26, 2023 - 3.55% |  | 448 |  |  | 447 |
Maturity date – May 26, 2025 - 4.00% |  | 349 |  |  | 348 |
Junior subordinated debentures (d) |  |  |  |
Maturity date - July 31, 2031 - 3.51% on December 31, 2020 |  | — |  |  | 7 |
Maturity date - November 15, 2032 - 3.50% on December 31, 2020 |  | — |  |  | 9 |
Maturity date - March 26, 2033 - 3.40% on December 31, 2020 |  | — |  |  | 5 |
Maturity date - June 17, 2033 - 3.40% on December 31, 2020 |  | — |  |  | 9 |
Maturity date - March 17, 2034 - 3.02% on December 31, 2020 |  | — |  |  | 6 |
Maturity date - September 20, 2034 - 2.25% on December 31, 2020 |  | — |  |  | 8 |
Maturity date - June 28, 2035 - 1.88% on December 31, 2021 and 1.90% on December 31, 2020 |  | 3 |  |  | 3 |
Maturity date - December 15, 2035 - 1.57% on December 31, 2021 and 1.59% on December 31, 2020 |  | 18 |  |  | 18 |
Maturity date - March 15, 2036 - 1.60% on December 31, 2021 and 1.62% on December 31, 2020 |  | 9 |  |  | 9 |
Maturity date - March 15, 2036 - 1.74% on December 31, 2021 and 1.76% on December 31, 2020 |  | 12 |  |  | 12 |
Maturity date - June 30, 2036 - 1.54% on December 31, 2021 and 1.56% on December 31, 2020 |  | 27 |  |  | 27 |
Maturity date - July 7, 2036 - 1.67% on December 31, 2021 and 1.79% on December 31, 2020 |  | 18 |  |  | 18 |
Maturity date - October 7, 2036 - 1.88% on December 31, 2020 |  | — |  |  | 6 |
Maturity date - December 30, 2036 - 1.84% on December 31, 2020 |  | — |  |  | 10 |
Maturity date - June 15, 2037 - 1.85% on December 31, 2021 and 1.87% on December 31, 2020 |  | 52 |  |  | 51 |
Maturity date - September 6, 2037 - 1.61% on December 31, 2021 and 1.66% on December 31, 2020 |  | 9 |  |  | 9 |
Maturity date - September 15, 2037 - 1.65% on December 31, 2020 |  | — |  |  | 7 |
Maturity date - December 15, 2037 - 2.76% on December 31, 2020 |  | — |  |  | 10 |
Maturity date - December 15, 2037 - 2.97% on December 31, 2020 |  | — |  |  | 10 |
Maturity date - June 15, 2038 - 3.72% on December 31, 2020 |  | — |  |  | 6 |
Notes payable - New market tax credit investments; 7 to 35 year term, 0.93% to 4.95% on December 31, 2021; 1.27% to 4.95% on December 31, 2020 |  | 59 |  |  | 45 |
FT Real Estate Securities Company, Inc.: |  |  |  |
Cumulative preferred stock (e) |  |  |  |
Maturity date – March 31, 2031 – 9.50% |  | 46 |  |  | 46 |
Total |  | $ | 1,590 |  |  | $ | 1,670 |
(a)Qualifies for Tier 2 capital under the risk-based capital guidelines for First Horizon Bank as well as First Horizon Corporation up to certain limits for minority interest capital instruments. (b)Secured by trust preferred loans. (c)Collateralized borrowings associated with SBA loan sales that did not meet sales criteria. The loans have remaining terms of 4 to 25 years. These borrowings had a weighted average interest rate of 4.10% and 3.90% on December 31, 2021 and 2020, respectively. (d)Acquired in conjunction with the acquisitions of CBF and merger with IBKC. The legacy IBKC junior subordinated debentures were early redeemed in 2021. A portion qualifies for Tier 2 capital under the risk-based capital guidelines. (e)Qualifies for Tier 2 capital under the risk-based capital guidelines for both First Horizon Bank and First Horizon Corporation up to certain limits for minority interest capital instruments.
Schedule of Annual Principal Repayment Requirements | Annual principal repayment requirements as of December 31, 2021 are as follows: Table 8.11.2 ANNUAL PRINCIPAL REPAYMENT SCHEDULE
(Dollars in millions) |  |
2022 |  | $ | — |
2023 |  | 450 |
2024 |  | 6 |
2025 |  | 350 |
2026 and after |  | 807 |

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

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration