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CONSOLIDATED CONDENSED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 604,280 $ 633,728
Federal funds sold 113,000 46,536
Securities purchased under agreements to resell (Note 15) 302,267 586,629
Total cash and cash equivalents 1,019,547 1,266,893
Interest-bearing cash 3,135,844 482,405
Trading securities 1,116,450 1,346,207
Loans held-for-sale [1] 745,655 593,790
Securities available-for-sale 5,476,156 4,445,403
Securities held-to-maturity (Note 3) 10,000 10,000
Loans, net of unearned income [2] 32,708,937 31,061,111
Less: Allowance for loan losses (Note 5) 537,881 200,307
Total net loans 32,171,056 30,860,804
Goodwill (Note 6) 1,432,787 1,432,787
Other intangible assets, net (Note 6) 119,608 130,200
Fixed income receivables 145,455 40,114
Premises and equipment, net (June 30, 2020 and December 31, 2019 include $7.0 million and $9.7 million, respectively, classified as held-for-sale) 448,028 455,006
Other real estate owned (OREO) [3] 15,134 17,838
Derivative assets (Note 14) 599,704 183,115
Other assets 2,209,235 2,046,338
Total assets 48,644,659 43,310,900
Deposits:    
Savings 13,532,127 11,664,906
Time deposits, net 2,655,702 3,618,337
Other interest-bearing deposits 9,783,704 8,717,341
Interest-bearing 25,971,533 24,000,584
Noninterest-bearing 11,787,818 8,428,951
Total deposits 37,759,351 32,429,535
Federal funds purchased 778,529 548,344
Securities sold under agreements to repurchase (Note 15) 1,482,585 716,925
Trading liabilities 232,742 505,581
Other short-term borrowings 130,583 2,253,045
Term borrowings 2,032,476 791,368
Fixed income payables 24,735 49,535
Derivative liabilities (Note 14) 94,389 67,480
Other liabilities 900,884 873,079
Total liabilities 43,436,274 38,234,892
First Horizon National Corporation Shareholders’ Equity:    
Preferred stock - Non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (Series A shares authorized - 1,000; shares issued - 1,000 on June 30, 2020 and December 31, 2019. Series E shares authorized - 1,725; shares issued - 1,500 on June 30, 2020) 240,289 95,624
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 312,358,668 on June 30, 2020 and 311,469,056 on December 31, 2019) 195,224 194,668
Capital surplus 2,940,610 2,931,451
Undivided profits 1,671,629 1,798,442
Accumulated other comprehensive loss, net (Note 8) (134,798) (239,608)
Total First Horizon National Corporation Shareholders’ Equity 4,912,954 4,780,577
Noncontrolling interest 295,431 295,431
Total equity 5,208,385 5,076,008
Total liabilities and equity $ 48,644,659 $ 43,310,900
[1]
June 30, 2020 and December 31, 2019 include $2.5 million and $6.8 million, respectively, of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure.
[2]
June 30, 2020 and December 31, 2019 include $16.9 million and $18.8 million, respectively, of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.
[3]
June 30, 2020 and December 31, 2019 include $7.8 million and $9.2 million, respectively, of foreclosed residential real estate.