Note 10 q Term Borrowings

The following table presents information pertaining to Term Borrowings reported on FHN's Consolidated Statements of Condition on December 31:

(Dollars in thousands)

2011

2010

First Tennessee Bank National Association:

Subordinated notes (a)

Matures on January 15, 2015 – 5.05%

338,951

338,786

Matures on May 15, 2013 – 4.625%

264,586

273,590

Matures on April 1, 2016 – 5.65%

293,416

287,357

Bank notes (b)

548,950

Other collateralized borrowings – Matures on December 22, 2037
0.85% on December 31, 2011 and 0.60% on December 31, 2010 (c)

52,218

51,241

Federal Home Loan Bank borrowings (d)

2,714

2,870

First Horizon National Corporation:

Subordinated capital notes (a)

Matures on May 15, 2013 – 4.50%

105,840

109,447

Senior capital notes

Matures on December 15, 2015 – 5.375%

522,742

500,492

Subordinated notes (e)

Matures on January 6, 2027 – 8.07%

109,308

Matures on April 15, 2034 – 6.30%

220,072

205,883

FT Real Estate Securities Company, Inc.:

Cumulative preferred stock (a)

Matures on March 31, 2031 – 9.50%

45,693

45,625

First Horizon ABS Trusts:

Other collateralized borrowings (f)

Matures on October 25, 2034
0.46% on December 31, 2011 and 0.42% on December 31, 2010

118,498

144,811

Matures on October 26, 2026
0.43% on December 31, 2011 and 0.39% on December 31, 2010

168,888

203,203

Matures on September 25, 2029
0.43% on December 31, 2011 and 0.39% on December 31, 2010

185,357

220,836

Matures on January 25, 2024
0.68% on December 31, 2011 and 0.67% on December 31, 2010

13,639

17,854

Matures on February 25, 2034
0.48% on December 31, 2011 and 0.47% on December 31, 2010

18,120

23,109

Matures on October 25, 2034
0.55% on December 31, 2011 and 0.54% on December 31, 2010

77,161

93,651

Matures December 2019
5.08% on December 31, 2011 and 5.00% on December 31, 2010

23,641

29,741

Matures on September 1, 2032
6.41% on December 31, 2011 and 2010

14,823

21,316

First Tennessee New Markets Corporation Investments:

Matures on October 25, 2018 – 4.97%

7,301

Matures on February 1, 2033 – 4.97%

8,000

Total

2,481,660

3,228,070

(a)

Qualifies for total capital under the risk-based capital guidelines.

(b)

The bank notes were issued with variable interest rates and matured on February 14, 2011. These bank notes had a weighted average interest rate of 0.43 percent on December 31, 2010.

(c)

Secured by $52.2 million of trust preferred loans.

(d)

The Federal Home Loan Bank borrowings were issued with fixed interest rates and have remaining terms of 1 to 19 years. These borrowings had weighted average interest rates of 2.40 percent on December 31, 2011 and 2010.

(e)

See Note 11 – Guaranteed Preferred Beneficial Interests in First Horizon's Junior Subordinated Debentures for further details. In 2011, FHN redeemed the subordinated notes that paid 8.07 percent.

(f)

On December 31, 2011 and 2010, borrowings secured by $640.8 million and $757.5 million, respectively, of retail real estate residential loans.

Annual principal repayment requirements

as of December 31, 2011 are as follows:


(Dollars in thousands)

2012			$158
2013			350,158
2014			158
2015			804,158
2016			250,158
2017 and after			942,758

All subordinated notes are unsecured and are subordinate to other present and future senior indebtedness. FTBNA's subordinated notes and FHN's subordinated capital notes qualify as Tier 2 capital under the risk-based capital guidelines.