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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2019
Marketable Securities [Abstract]  
Schedule of FHN's Investment Securities
The following tables summarize FHN’s investment securities on March 31, 2019 and December 31, 2018:
 
 
March 31, 2019
(Dollars in thousands)
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Securities available-for-sale:
 
 
 
 
 
 
 
 
U.S. treasuries
 
$
100

 
$
—

 
$
(1
)
 
$
99

Government agency issued mortgage-backed securities (“MBS”)
 
2,398,177

 
8,992

 
(21,360
)
 
2,385,809

Government agency issued collateralized mortgage obligations (“CMO”)
 
1,958,529

 
2,020

 
(28,765
)
 
1,931,784

Other U.S. government agencies
 
189,067

 
1,761

 
—

 
190,828

Corporates and other debt
 
55,266

 
302

 
(384
)
 
55,184

States and municipalities
 
38,028

 
1,395

 
—

 
39,423

 
 
$
4,639,167

 
$
14,470

 
$
(50,510
)
 
4,603,127

AFS debt securities recorded at fair value through earnings:

 
 
 
 
 
 
 
 
SBA-interest only strips (a)
 
 
 
 
 
 
 
13,195

Total securities available-for-sale (b)
 
 
 
 
 
 
 
$
4,616,322

Securities held-to-maturity:
 
 
 
 
 
 
 
 
Corporates and other debt
 
$
10,000

 
$
—

 
$
(111
)
 
$
9,889

Total securities held-to-maturity
 
$
10,000

 
$
—

 
$
(111
)
 
$
9,889

 
(a)
SBA-interest only strips are recorded at elected fair value. See Note 17 - Fair Value for additional information.
(b)
Includes $3.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.
 
 
December 31, 2018
(Dollars in thousands)
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Securities available-for-sale:
 
 
 
 
 
 
 
 
U.S. treasuries
 
$
100

 
$
—

 
$
(2
)
 
$
98

Government agency issued MBS
 
2,473,687

 
4,819

 
(58,400
)
 
2,420,106

Government agency issued CMO
 
2,006,488

 
888

 
(48,681
)
 
1,958,695

Other U.S. government agencies
 
149,050

 
809

 
(73
)
 
$
149,786

Corporates and other debt
 
55,383

 
388

 
(461
)
 
55,310

State and municipalities
 
32,473

 
314

 
(214
)
 
32,573

 
 
$
4,717,181

 
$
7,218

 
$
(107,831
)
 
4,616,568

AFS securities recorded at fair value through earnings:
 
 
 
 
 
 
 
 
SBA-interest only strips (a)
 
 
 
 
 
 
 
9,902

Total securities available-for-sale (b)
 
 
 
 
 
 
 
$
4,626,470

Securities held-to-maturity:
 
 
 
 
 
 
 
 
Corporates and other debt
 
$
10,000

 
$
—

 
$
(157
)
 
$
9,843

Total securities held-to-maturity
 
$
10,000

 
$
—

 
$
(157
)
 
$
9,843

 
(a)
SBA-interest only strips are recorded at elected fair value. See Note 17 - Fair Value of Assets and Liabilities for additional information.
(b)
Includes $3.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.
Schedule of Amortized Cost And Fair Value By Contractual Maturity
The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity debt securities portfolios on March 31, 2019 are provided below:
 
 
 
Held-to-Maturity
 
Available-for-Sale
(Dollars in thousands)
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Within 1 year
 
$
—

 
$
—

 
$
15,060

 
$
14,998

After 1 year; within 5 years
 
—

 
—

 
229,373

 
231,160

After 5 years; within 10 years
 
10,000

 
9,889

 
755

 
3,825

After 10 years
 
—

 
—

 
37,273

 
48,746

Subtotal
 
10,000

 
9,889

 
282,461

 
298,729

Government agency issued MBS and CMO (a)
 
—

 
—

 
4,356,706

 
4,317,593

Total
 
$
10,000

 
$
9,889

 
$
4,639,167

 
$
4,616,322

 
(a)
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Schedule of Gross Gains And Losses On Sale From Available For Sale Portfolio
The table below provides information on gross gains and gross losses from debt investment securities for the three months ended March 31, 2019 and 2018.
 
 
Three Months Ended
March 31
(Dollars in thousands)
2019
 
2018
Gross gains on sales of securities
$
—

 
$
52

Gross (losses) on sales of securities
—

 
—

Net gain/(loss) on sales of securities (a)
$
—

 
$
52

 
(a)
Cash proceeds for the three months ended March 31, 2018 were not material.
Schedule of Investments Within The Available For Sale Portfolio That Had Unrealized Losses
The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of March 31, 2019 and December 31, 2018:

 
 
As of March 31, 2019
 
 
Less than 12 months
 
12 months or longer
 
Total
(Dollars in thousands)
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
U.S. treasuries
 
$
—

 
$
—

 
$
99

 
$
(1
)
 
$
99

 
$
(1
)
Government agency issued MBS
 
1,542

 
(13
)
 
1,948,718

 
(21,347
)
 
1,950,260

 
(21,360
)
Government agency issued CMO
 
863

 
—

 
1,699,529

 
(28,765
)
 
1,700,392

 
(28,765
)
Corporates and other debt
 
—

 
—

 
40,065

 
(384
)
 
40,065

 
(384
)
Total temporarily impaired securities
 
$
2,405

 
$
(13
)
 
$
3,688,411

 
$
(50,497
)
 
$
3,690,816

 
$
(50,510
)
 
 
 
As of December 31, 2018
 
 
Less than 12 months
 
12 months or longer
 
Total
(Dollars in thousands)
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
U.S. treasuries
 
$
—

 
$
—

 
$
98

 
$
(2
)
 
$
98

 
$
(2
)
Government agency issued MBS
 
597,008

 
(12,335
)
 
1,537,106

 
(46,065
)
 
2,134,114

 
(58,400
)
Government agency issued CMO
 
290,863

 
(2,860
)
 
1,560,420

 
(45,821
)
 
1,851,283

 
(48,681
)
Other U.S. government agencies
 
29,776

 
(73
)
 
—

 
—

 
$
29,776

 
$
(73
)
Corporates and other debt
 
25,114

 
(344
)
 
15,008

 
(117
)
 
40,122

 
(461
)
States and municipalities
 
17,292

 
(214
)
 
—

 
—

 
17,292

 
(214
)
Total temporarily impaired securities
 
$
960,053

 
$
(15,826
)
 
$
3,112,632

 
$
(92,005
)
 
$
4,072,685

 
$
(107,831
)