Premises, Equipment And Leases

12 Months Ended

Dec. 31, 2011

Premises, Equipment And Leases [Abstract]

Premises, Equipment And Leases

Note 5 q Premises, Equipment and Leases

Premises and equipment on December 31 are summarized below:

(Dollars in thousands)	2011			2010
Land		$	71,376		$	66,914
Buildings			341,727			338,060
Leasehold improvements			44,407			44,880
Furniture, fixtures, and equipment			221,544			213,289
Premises and equipment, at cost			679,054			663,143
Less accumulated depreciation and amortization			357,801			340,824
Premises and equipment, net		$	321,253		$	322,319

FHN is obligated under a number of noncancelable operating leases for premises and equipment with terms up to 30 years, which may include the payment of taxes, insurance and maintenance costs.

Minimum future lease payments for noncancelable operating leases on premises and equipment on December 31, 2011, are shown below:

(Dollars in thousands)
2012	$	21,147
2013		15,255
2014		10,939
2015		8,616
2016		7,419
2017 and after		33,565
Total minimum lease payments	$	96,941

Payments required under capital leases are not material.

Aggregate minimum income under sublease agreements for these periods is $5.1 million.

Rent expense incurred under all operating lease obligations for the years ended December 31 is as follows:

(Dollars in thousands)	2011				2010				2009
Rent expense, gross		$	25,494			$	32,673			$	38,070
Sublease income			(3,883	)			(4,275	)			(4,368	)
Rent expense, net		$	21,611			$	28,398			$	33,702