8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 19, 2015

First Horizon National Corporation

(Exact Name of Registrant as Specified in Charter)

TN	001-15185	62-0803242
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

165 MADISON AVENUE	38103
MEMPHIS, TENNESSEE	(Zip Code)
(Address of principal executive office)

Registrant’s telephone number, including area code: (901) 523-4444

(Former name or former address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Item 8.01 Other Events

Exhibits marked * contain or consist of interactive data file information which is unaudited and unreviewed.

EX-99.1 (a) Audited Consolidated Statements of Condition at December 31, 2014 and 2013,

(b) Audited Consolidated Statements of Income for the years ended December 31, 2014, 2013, and 2012,

(c) Audited Consolidated Statements of Comprehensive Income for the years ended December 31, 2014, 2013, and 2012,

(d) Audited Consolidated Statements of Equity for the years ended December 31, 2014, 2013, and 2012,

(e) Audited Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013, and 2012, and

(f) Notes to the Consolidated financial Statements

EX-99.2 Selected MD&A Sections and Other Required Disclosures Revised to Reflect Updates

EX-99.3 Reports of Independent Registered Public Accounting Firm

101* The following financial information from First Horizon National Corporation’s Annual Report on Form 10-K for the year ended December 31, 2014, formatted in XBRL: (i) Consolidated Statements of Condition at December 31, 2014 and 2013; (ii) Consolidated Statements of Income for the years ended December 31, 2014, 2013, and 2012; (iii) Consolidated Statements of Comprehensive Income for the years ended December 31, 2014, 2013, and 2012; (iv) Consolidated Statements of Equity for the years ended December 31, 2014, 2013, and 2012; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013, and 2012; and (vi) Notes to the Consolidated Financial Statements.

101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase
101.LAB*	XBRL Taxonomy Extension Label Linkbase
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase
101.DEF*	XBRL Taxonomy Extension Definition Linkbase

ITEM 8.01. Other Events.

Adoption of Accounting Updates Overview

Effective January 1, 2015, First Horizon National Corporation (“FHN”) retroactively adopted the requirements of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects,” with an election to use the proportional amortization method for all qualifying investments. The cumulative effects of the retrospective application of ASU 2014-01 are disclosed in Note 1 – Summary of Significant Accounting Policies in the audited consolidated financial statements including Exhibit 99.1 of the Current Report on Form 8-K.

Presented in Exhibit 99.1 to this Current Report are financial statements and notes, originally presented in FHN’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”), which have been revised to reflect adoption of ASU 2014-01. Presented in Exhibit 99.2 to this Current Report are selected, similarly revised, sections of MD&A including:

· Selected Financial and Operating Data

· Non-GAAP Measures

· Adoption of Accounting Updates

· Financial Summary

· Business Line Review

· Income Statement Review

· Statement of Condition Review

· Capital

· Cash Flows

· Accounting Changes Issued but not Currently Effective

· Quarterly Financial Information

· Non-GAAP Information

· Consolidated Historical Statements of Income

· Consolidated Average Balance Sheets and Related Yields and Rates

All presentations in Exhibits 99.1 and 99.2 are as of December 31, 2014. The presentations have not been updated for events and facts not known when the 2014 Form 10-K was filed other than the adoption of ASU 2014-01 and certain minor reclassifications which were effected in 2015 and have been applied to prior periods for purposes of comparability. Regulatory capital balances and ratios are presented as originally reported, consistent with regulatory reporting rules which prohibit the retroactive restatement of prior years’ Reports of Condition and Income due to the adoption of a new accounting standard. Other than as presented in Exhibit 99.1 or Exhibit 99.2, the adoption of ASU 2014-01 resulted in no material changes to FHN’s financial information originally presented in the 2014 Form 10-K.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed herewith.

Exhibits marked * contain or consist of interactive data file information which is unaudited and unreviewed.

Exhibit #	Description
99.1	(a) Audited Consolidated Statements of Condition at December 31, 2014 and 2013, (b) Audited Consolidated Statements of Income for the years ended December 31, 2014, 2013, and 2012, (c) Audited Consolidated Statements of Comprehensive Income for the years ended December 31, 2014, 2013, and 2012, (d) Audited Consolidated Statements of Equity for the years ended December 31, 2014, 2013, and 2012, (e) Audited Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013, and 2012, and (f) Notes to the Consolidated Financial Statements.
99.2	Selected MD&A Sections and Other Required Disclosures Revised to Reflect Updates.
99.3	Reports of Independent Registered Public Accounting Firm.
101*	The following financial information from First Horizon National Corporation’s Annual Report on Form 10-K for the year ended December 31, 2014, formatted in XBRL: (i) Consolidated Statements of Condition at December 31, 2014 and 2013; (ii)  Consolidated Statements of Income for the years ended December 31, 2014, 2013, and 2012; (iii) Consolidated Statements of Comprehensive Income for the years ended December 31, 2014, 2013, and 2012; (iv) Consolidated Statements of Equity for the years ended December 31, 2014, 2013, and 2012; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013, and 2012; and (vi) Notes to the Consolidated Financial Statements.
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase
101.LAB*	XBRL Taxonomy Extension Label Linkbase
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase
101.DEF*	XBRL Taxonomy Extension Definition Linkbase

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	First Horizon National Corporation
	(Registrant)
Date: October 19, 2015	By:	/s/ William C. Losch III
	William C. Losch III
	Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibits marked * contain or consist of interactive data file information which is unaudited and unreviewed.

Exhibit #	Description
99.1	(a) Audited Consolidated Statements of Condition at December 31, 2014 and 2013, (b) Audited Consolidated Statements of Income for the years ended December 31, 2014, 2013, and 2012, (c) Audited Consolidated Statements of Comprehensive Income for the years ended December 31, 2014, 2013, and 2012, (d) Audited Consolidated Statements of Equity for the years ended December 31, 2014, 2013, and 2012, (e) Audited Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013, and 2012, and (f) Notes to the Consolidated Financial Statements.
99.2	Selected MD&A Sections and Other Required Disclosures Revised to Reflect updates.
99.3	Reports of Independent Registered Public Accounting Firm.
101*	The following financial information from First Horizon National Corporation’s Annual Report on Form 10-K for the year ended December 31, 2014, formatted in XBRL: (i) Consolidated Statements of Condition at December 31, 2014 and 2013; (ii)  Consolidated Statements of Income for the years ended December 31, 2014, 2013, and 2012; (iii) Consolidated Statements of Comprehensive Income for the years ended December 31, 2014, 2013, and 2012; (iv) Consolidated Statements of Equity for the years ended December 31, 2014, 2013, and 2012; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2014, 2013, and 2012; and (vi) Notes to the Consolidated Financial Statements.
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase
101.LAB*	XBRL Taxonomy Extension Label Linkbase
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase
101.DEF*	XBRL Taxonomy Extension Definition Linkbase

EX-99.1

Exhibit 99.1

CONSOLIDATED STATEMENTS OF CONDITION

	December 31
(Dollars in thousands, except share amounts)	2014			2013
Assets:
Cash and due from banks	$	349,171		$	349,216
Federal funds sold		63,080			66,079
Securities purchased under agreements to resell (Note 24)		659,154			412,614
Total cash and cash equivalents		1,071,405			827,909
Interest-bearing cash		1,621,967			730,297
Trading securities		1,194,391			801,718
Loans held-for-sale		141,285			370,152
Securities available-for-sale (Note 3)		3,556,613			3,398,457
Securities held-to-maturity (Note 3)		4,292			—
Loans, net of unearned income (Note 4)		16,230,166			15,389,074
Less: Allowance for loan losses (Note 5)		232,448			253,809
Total net loans		15,997,718			15,135,265
Mortgage servicing rights (Note 7)		2,517			72,793
Goodwill (Note 8)		145,932			141,943
Other intangible assets, net (Note 8)		29,518			21,988
Capital markets receivables		42,488			45,255
Premises and equipment, net (Note 6)		302,996			305,244
Real estate acquired by foreclosure		39,922			71,562
Derivative assets (Note 23)		134,088			181,866
Other assets		1,383,055			1,680,044
Total assets	$	25,668,187		$	23,784,493
Liabilities and equity:
Deposits:
Savings	$	7,455,354		$	6,732,326
Time deposits		831,666			951,755
Other interest-bearing deposits		4,140,991			3,859,079
Certificates of deposit $100,000 and more		445,272			553,957
Interest-bearing		12,873,283			12,097,117
Noninterest-bearing		5,195,656			4,637,839
Total deposits		18,068,939			16,734,956
Federal funds purchased (Note 10)		1,037,052			1,042,633
Securities sold under agreements to repurchase (Note 10 and Note 24)		562,214			442,789
Trading liabilities (Note 10)		594,314			368,348
Other short-term borrowings (Note 10)		157,218			181,146
Term borrowings (Note 11)		1,880,105			1,739,859
Capital markets payables		18,157			21,173
Derivative liabilities (Note 23)		119,239			154,280
Other liabilities		649,359			610,932
Total liabilities		23,086,597			21,296,116
Equity:
First Horizon National Corporation Shareholders’ Equity:
Preferred stock- Series A, non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (shares authorized - 1,000; shares issued - 1,000 on December 31, 2014 and 2013)		95,624			95,624
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 234,219,663 on December 31, 2014 and 236,369,554 on December 31, 2013)		146,387			147,731
Capital surplus		1,380,809			1,416,767
Undivided profits		851,585			682,833
Accumulated other comprehensive loss, net (Note 15)		(188,246	)		(150,009	)
Total First Horizon National Corporation Shareholders’ Equity		2,286,159			2,192,946
Noncontrolling interest (Note 12)		295,431			295,431
Total equity		2,581,590			2,488,377
Total liabilities and equity	$	25,668,187		$	23,784,493

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

See accompanying notes to consolidated financial statements.

CONSOLIDATED STATEMENTS OF INCOME

	Year Ended December 31
(Dollars and shares in thousands except per share data, unless otherwise noted)	2014			2013			2012
Interest income:
Interest and fees on loans	$	571,798		$	599,710		$	648,555
Interest on investment securities available-for-sale		93,233			83,787			98,450
Interest on investment securities held-to-maturity		287			—			—
Interest on loans held-for-sale		11,170			12,982			14,906
Interest on trading securities		31,991			34,548			35,363
Interest on other earning assets		770			1,026			1,679
Total interest income		709,249			732,053			798,953
Interest expense:
Interest on deposits:
Savings		11,562			14,762			19,744
Time deposits		9,076			15,879			21,265
Other interest-bearing deposits		3,078			3,747			5,896
Certificates of deposit $100,000 and more		3,090			5,642			8,311
Interest on trading liabilities		15,390			13,624			10,450
Interest on short-term borrowings		4,765			4,704			5,286
Interest on term borrowings		34,570			36,321			39,334
Total interest expense		81,531			94,679			110,286
Net interest income		627,718			637,374			688,667
Provision for loan losses		27,000			55,000			78,000
Net interest income after provision for loan losses		600,718			582,374			610,667
Noninterest income:
Capital markets		200,595			272,364			334,912
Deposit transactions and cash management		111,951			114,383			120,168
Mortgage banking		71,257			33,275			51,890
Brokerage, management fees and commissions		49,099			42,261			34,934
Trust services and investment management		27,777			26,523			24,319
Bankcard income		23,697			20,482			22,384
Bank-owned life insurance		16,394			16,614			18,805
Other service charges		11,882			13,440			12,935
Equity securities gains/(losses), net		2,872			2,211			365
Insurance commissions		2,257			3,023			3,148
Debt securities gains/(losses), net (Note 15)		—			(451	)		328
Gain on divestiture		—			111			200
All other income and commissions (Note 14)		32,263			40,341			46,941
Total noninterest income		550,044			584,577			671,329
Adjusted gross income after provision for loan losses		1,150,762			1,166,951			1,281,996
Noninterest expense:
Employee compensation, incentives, and benefits (2014 and 2013 include $5.1 million and $10.1 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income)		478,159			529,041			640,857
Occupancy		54,018			50,565			49,027
Legal and professional fees		44,205			53,359			38,750
Computer software		42,931			40,327			40,018
Operations services		35,247			35,215			35,429
Equipment rentals, depreciation, and maintenance		29,964			31,738			31,246
Contract employment and outsourcing		19,420			35,920			41,198
Advertising and public relations		18,683			18,239			17,439
Communications and courier		16,074			17,958			18,318
FDIC premium expense		11,464			20,156			27,968
Amortization of intangible assets		4,170			3,912			3,910
Foreclosed real estate		2,503			4,299			11,041
Repurchase and foreclosure provision		(4,300	)		170,000			299,256
All other expense (Note 14)		79,993			137,790			115,067
Total noninterest expense		832,531			1,148,519			1,369,524
Income/(loss)before income taxes		318,231			18,432			(87,528	)
Provision/(benefit) for income taxes (2014 and 2013 include $2.0 million and $4.1 million, respectively, of tax benefit reclassified from accumulated other comprehensive income ) (Note 16)		84,185			(19,389	)		(72,028	)
Income/(loss) from continuing operations		234,046			37,821			(15,500	)
Income/(loss) from discontinued operation, net of tax (a)		—			548			148
Net income/(loss)	$	234,046		$	38,369		$	(15,352	)
Net income attributable to noncontrolling interest		11,527			11,465			11,464
Net income/(loss) attributable to controlling interest	$	222,519		$	26,904		$	(26,816	)
Preferred stock dividends		6,200			5,838			—
Net income/(loss) available to common shareholders	$	216,319		$	21,066		$	(26,816	)
Basic earnings/(loss) per share from continuing operations (Note 17)	$	0.92		$	0.09		$	(0.11	)
Diluted earnings/(loss) per share from continuing operations (Note 17)	$	0.91		$	0.09		$	(0.11	)
Basic earnings/(loss) per share available to common shareholders (Note 17)	$	0.92		$	0.09		$	(0.11	)
Diluted earnings/(loss) per share available to common shareholders (Note 17)	$	0.91		$	0.09		$	(0.11	)
Weighted average common shares (Note 17)		234,997			237,972			248,349
Diluted average common shares (Note 17)		236,735			239,794			248,349

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

See accompanying notes to consolidated financial statements.

(a) Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended December 31
(Dollars in thousands)	2014			2013			2012
Net income/(loss)	$	234,046		$	38,369		$	(15,352	)
Other comprehensive income/(loss), net of tax:
Fair value adjustments on securities available-for-sale arising during the period, Net of tax of $18.1 million for 2014, $(41.9) million for 2013 and $(7.4) million for 2012		29,822			(66,768	)		(11,619	)
Reclassification adjustment for (gain)/loss on securities available-for-sale included in Net income/(loss), Net of tax of $.2 million for 2013 and $(.1) million for 2012		—			277			(200	)
Fair value adjustments on securities available-for-sale		29,822			(66,491	)		(11,819	)
Net actuarial gain/(loss) arising during the period, Net of tax of $(44.8) million for 2014, $31.4 million for 2013 and $(17.9) million for 2012		(71,173	)		50,064			(27,204	)
Prior service credit/(cost) arising during the period, Net of tax of $4.1 million for 2013		—			6,563			—
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost, Net of tax of $2.0 million for 2014, $3.9 million for 2013 and $15.0 million for 2012		3,114			6,198			22,836
Total pension and post retirement plans		(68,059	)		62,825			(4,368	)
Other comprehensive income/(loss)		(38,237	)		(3,666	)		(16,187	)
Comprehensive income/(loss)		195,809			34,703			(31,539	)
Comprehensive income attributable to noncontrolling interest		11,527			11,465			11,464
Comprehensive income/(loss) attributable to controlling interest	$	184,282		$	23,238		$	(43,003	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

See accompanying notes to consolidated financial statements.

CONSOLIDATED STATEMENTS OF EQUITY

(Amounts in thousands, except per share data)	Common Shares			Total			Preferred Stock		Common Stock			Capital Surplus			Undivided Profits			Accumulated Other Comprehensive Income/(Loss) (a)			Noncontrolling Interest
Balance, December 31, 2011		257,468		$	2,674,018		$	—	$	160,918		$	1,601,346		$	746,745		$	(130,156	)	$	295,165
Net income/(loss)		—			(15,352	)		—		—			—			(26,816	)		—			11,464
Other comprehensive income/(loss):
Fair value adjustments, net of tax:
Securities available-for-sale		—			(11,819	)		—		—			—			—			(11,819	)		—
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period		—			(27,204	)		—		—			—			—			(27,204	)		—
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		—			22,836			—		—			—			—			22,836			—
Comprehensive income/(loss)		—			(31,539	)		—		—			—			(26,816	)		(16,187	)		11,464
Cash dividends declared ($.04 per share)		—			(9,933	)		—		—			—			(9,933	)		—			—
Common stock repurchased (b)		(14,502	)		(133,757	)		—		(9,064	)		(124,693	)		—			—			—
Common stock issued for:
Stock options and restricted stock - equity awards		632			144			—		395			(251	)		—			—			—
Tax benefit reversals - stock-based compensation plans		—			(4,140	)		—		—			(4,140	)		—			—			—
Stock-based compensation expense		—			16,201			—		—			16,201			—			—			—
Dividends declared - noncontrolling interest of subsidiary preferred stock		—			(11,464	)		—		—			—			—			—			(11,464	)
Balance, December 31, 2012		243,598			2,499,530			—		152,249			1,488,463			709,996			(146,343	)		295,165
Net income/(loss)		—			38,369			—		—			—			26,904			—			11,465
Other comprehensive income/(loss):
Fair value adjustments, net of tax:
Securities available-for-sale		—			(66,491	)		—		—			—			—			(66,491	)		—
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period		—			50,064			—		—			—			—			50,064			—
Prior service credit /(loss) arising during the period		—			6,563			—		—			—			—			6,563			—
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		—			6,198			—		—			—			—			6,198			—
Comprehensive income/(loss)		—			34,703			—		—			—			26,904			(3,666	)		11,465

CONSOLIDATED STATEMENTS OF EQUITY (continued)

(Amounts in thousands, except per share data)	Common Shares			Total			Preferred Stock		Common Stock			Capital Surplus			Undivided Profits			Accumulated Other Comprehensive Income/(Loss) (a)			Noncontrolling Interest
Preferred stock issuance (1,000 shares issued at $100,000 per share net of offering costs)		—			95,624			95,624		—			—			—			—			—
Cash dividends declared:
Preferred stock ($5,838 per share)		—			(5,838	)		—		—			—			(5,838	)		—			—
Common stock ($.20 per share)		—			(48,302	)		—		—			—			(48,302	)		—			—
Common stock repurchased (b)		(8,356	)		(91,448	)		—		(5,223	)		(86,225	)		—			—			—
Common stock issued for:
Stock options and restricted stock - equity awards		1,128			659			—		705			(46	)		—			—			—
Tax benefit reversals - stock-based compensation plans		—			(1,569	)		—		—			(1,569	)		—			—			—
Stock-based compensation expense		—			16,144			—		—			16,144			—			—			—
Dividends declared - noncontrolling interest of subsidiary preferred stock		—			(11,465	)		—		—			—			—			—			(11,465	)
Real estate investment trust (“REIT”) preferred stock issuance		—			92			—		—			—			—			—			92
Acquired noncontrolling interest - REIT		—			174			—		—			—			—			—			174
Other changes in equity		—			73			—		—			—			73			—			—
Balance, December 31, 2013		236,370			2,488,377			95,624		147,731			1,416,767			682,833			(150,009	)		295,431
Net income/(loss)		—			234,046			—		—			—			222,519			—			11,527
Other comprehensive income/(loss):
Fair value adjustments, net of tax:
Securities available-for-sale		—			29,822			—		—			—			—			29,822			—
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period		—			(71,173	)		—		—			—			—			(71,173	)		—
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		—			3,114			—		—			—			—			3,114			—
Comprehensive income/(loss)		—			195,809			—		—			—			222,519			(38,237	)		11,527
Cash dividends declared:
Preferred stock ($6,200 per share)		—			(6,200	)		—		—			—			(6,200	)		—			—
Common stock ($.20 per share)		—			(47,567	)		—		—			—			(47,567	)		—			—
Common stock repurchased (b)		(3,554	)		(43,579	)		—		(2,221	)		(41,358	)		—			—			—
Common stock issued for:
Stock options and restricted stock - equity awards		1,404			2,146			—		877			1,269			—			—			—
Tax benefit reversals - stock-based compensation plans		—			(7,220	)		—		—			(7,220	)		—			—			—
Stock-based compensation expense		—			11,351			—		—			11,351			—			—			—
Dividends declared - noncontrolling interest of subsidiary preferred stock		—			(11,527	)		—		—			—			—			—			(11,527	)
Balance, December 31, 2014		234,220		$	2,581,590		$	95,624	$	146,387		$	1,380,809		$	851,585		$	(188,246	)	$	295,431

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

See accompanying notes to consolidated financial statements.

(a) Due to the nature of the preferred stock issued by FHN’s subsidiaries, all components of other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.

(b) 2014 includes $38.5 million repurchased under the share repurchase program launched in 2014. 2013 and 2012 include $87.6 million, and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31
(Dollars in thousands)	2014			2013			2012
Operating Activities
Net income/(loss)	$	234,046		$	38,369		$	(15,352	)
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:
Provision for loan losses		27,000			55,000			78,000
Provision/(benefit) for deferred income taxes		3,729			(8,578	)		(69,231	)
Depreciation and amortization of premises and equipment		35,715			36,514			35,028
Amortization of intangible assets		4,170			3,912			3,910
Net other amortization and accretion		17,009			31,187			79,034
Net (increase)/decrease in derivatives		170			650			(8,847	)
Fair value adjustment on mortgage servicing rights		(1,248	)		(20,182	)		5,075
Repurchase and foreclosure provision		(4,300	)		170,000			299,256
Fair value adjustment to foreclosed real estate		3,465			4,987			9,422
Litigation and regulatory matters		(2,720	)		63,654			33,313
(Gains)/losses on divestitures		—			(638	)		(485	)
Stock-based compensation expense		11,351			16,144			16,201
Tax benefit reversals stock-based compensation plans		7,220			1,569			4,140
Equity securities (gains)/losses, net		(2,872	)		(2,211	)		(365	)
Debt securities (gains)/losses, net		—			451			(328	)
(Gains)/losses on extinguishment of debt		4,166			—			—
Loss on deconsolidation of debt		1,960			—			—
Net (gains)/losses on sale/disposal of fixed assets		1,906			2,213			(2,540	)
Proceeds from sale of mortgage servicing rights		70,204			39,633			—
Net (increase)/decrease in:
Loans held-for-sale		228,867			31,785			11,960
Trading securities		(392,806	)		455,520			(283,239	)
Capital markets receivables		2,767			72,517			(31,598	)
Interest receivable		1,911			3,571			6,007
Other assets		292,860			4,087			186,456
Net increase/(decrease) in:
Capital markets payables		(3,016	)		(89,156	)		24,434
Interest payable		169			(4,301	)		(2,386	)
Other liabilities		(62,955	)		(279,243	)		(223,457	)
Trading liabilities		225,966			(196,081	)		217,144
Total adjustments		470,688			393,004			386,904
Net cash provided/(used) by operating activities		704,734			431,373			371,552
Investing Activities
Available-for-sale securities:
Sales		7,829			63,787			47,536
Maturities		627,487			899,591			1,085,524
Purchases		(751,365	)		(1,348,526	)		(1,157,906	)
Premises and equipment:
Sales		3,507			765			7,354
Purchases		(31,404	)		(27,349	)		(21,862	)
Net (increase)/decrease in:
Loans		(866,107	)		1,464,212			(489,308	)
Interests retained from securitizations classified as trading securities		1,692			5,482			8,736
Interest-bearing cash		(891,670	)		(349,940	)		99,483
Cash receipts related to divestitures		—			1,638			5,278
Cash received for acquisition		413,352			53,293			—
Net cash provided/(used) by investing activities		(1,486,679	)		762,953			(415,165	)
Financing Activities
Common stock:
Stock options exercised		1,864			651			144
Cash dividends paid		(47,366	)		(38,229	)		(10,066	)
Repurchase of shares (a)		(43,579	)		(91,533	)		(133,757	)
Tax benefit reversals stock-based compensation plans		(7,220	)		(1,569	)		(4,140	)
Preferred stock issuance		—			95,624			—
Cash dividends paid - preferred stock - noncontrolling interest		(11,465	)		(11,465	)		(11,406	)
Cash dividends paid - Series A preferred stock		(6,200	)		(4,288	)		—
Term borrowings:
Issuance		397,672			—			2,699
Payments/maturities		(23,572	)		(430,088	)		(234,209	)
Increases in restricted and secured term borrowings		2,310			5,052			7,595
Net cash paid to deconsolidate/collapse securitization trusts		(225,151	)		—			—
Net increase/(decrease) in:
Deposits		898,232			(258,184	)		416,700
Short-term borrowings		89,916			(738,650	)		288,060
Net cash provided/(used) by financing activities		1,025,441			(1,472,679	)		321,620
Net increase/(decrease) in cash and cash equivalents		243,496			(278,353	)		278,007
Cash and cash equivalents at beginning of period		827,909			1,106,262			828,255
Cash and cash equivalents at end of period	$	1,071,405		$	827,909		$	1,106,262
Supplemental Disclosures
Total interest paid	$	81,151		$	97,387		$	111,033
Total taxes paid		77,779			5,437			33,112
Total taxes refunded		3,947			26,113			169,396
Transfer from loans to other real estate owned		20,877			23,340			33,558

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

See accompanying notes to consolidated financial statements.

(a) 2014 includes $38.5 million repurchased under the share repurchase program launched in January 2014. 2013 and 2012 include $87.6 million and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

Notes to the Consolidated Financial Statements

Note 1 – Summary of Significant Accounting Policies

Basis of Accounting. The consolidated financial statements of First Horizon National Corporation (“FHN”), including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results.

Principles of Consolidation and Basis of Presentation. The consolidated financial statements include the accounts of FHN and other entities in which it has a controlling financial interest. Variable Interest Entities (“VIEs”) for which FHN or a subsidiary has been determined to be the primary beneficiary are also consolidated. Affiliates for which FHN is not considered the primary beneficiary and in which FHN does not have a controlling financial interest are accounted for by the equity method. These investments are included in other assets, and FHN’s proportionate share of income or loss is included in noninterest income. All significant intercompany transactions and balances have been eliminated. For purposes of comparability, certain prior period amounts have been reclassified to conform to current year presentation.

Business Combinations. FHN accounts for acquisitions as a business combination in accordance with ASC 805, “Business Combinations,” which requires acquired assets and liabilities (other than tax balances) to be recorded at fair value. Business combinations are included in the financial statements from the respective dates of acquisition. Acquisition related costs are expensed as incurred.

Revenue Recognition. FHN derives a significant portion of its revenues from fee-based services. Noninterest income from transaction-based fees is generally recognized when the transactions are completed. Noninterest income from service-based fees is generally recognized over the period in which FHN provides the service.

Deposit Transactions and Cash Management. Deposit transactions include services related to retail and commercial deposit products (such as service charges on checking accounts), cash management products and services such as electronic transaction processing (Automated Clearing House and Electronic Data Interchange), account reconciliation services, cash vault services, lockbox processing, and information reporting to large corporate clients.

Insurance Commissions. Insurance commissions are derived from the sale of insurance products, including acting as an independent agent to provide life, long-term care, and disability insurance.

Trust Services and Investment Management. Trust services and investment management fees include investment management, personal trust, employee benefits, and custodial trust services.

Brokerage, Management Fees and Commissions. Brokerage, management fees and commissions include fees for portfolio management, trade commissions, and annuity and mutual fund sales.

Statements of Cash Flows. For purposes of these statements, cash and due from banks, federal funds sold, and securities purchased under agreements to resell are considered cash and cash equivalents. Federal funds are usually sold for one-day periods, and securities purchased under agreements to resell are short-term, highly liquid investments.

Trading Activities. Securities purchased in connection with underwriting or dealer activities (long positions) are carried at fair market value as trading securities. Gains and losses, both realized and unrealized, on these securities are reflected in capital markets noninterest income. Trading liabilities include securities that FHN has sold to other parties but does not own (short positions). FHN is obligated to purchase securities at a future date to cover the short positions. Assets and liabilities for unsettled trades are recorded on the Consolidated Statements of Condition as “Capital markets receivables” or “Capital markets payables.” Retained interests from securitizations in the form of excess interest, interest-only and principal-only strips from sales and securitizations of first lien mortgages are recognized at fair value as trading securities with gains and losses, both realized and unrealized, recognized in mortgage banking income. Excess interest represents rights to receive interest from serviced assets that exceed contractually specified rates. Principal-only strips are principal cash flow tranches, and interest-only strips are interest cash flow tranches. Cash receipts and payments are classified in investing activities on the Consolidated Statements of Cash Flows based on the purpose for which such financial assets were retained.

Investment Securities. Investment securities are reviewed quarterly for possible other-than-temporary impairment (“OTTI”). The review includes an analysis of the facts and circumstances of each individual investment such as the degree of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and FHN’s intent and ability to hold the security. Securities that may be sold prior to maturity and equity securities are classified as securities available-

Note 1 – Summary of Significant Accounting Policies (continued)

for-sale and are carried at fair value. The unrealized gains and losses on securities available-for-sale, including debt securities for which no credit impairment exists, are excluded from earnings and are reported, net of tax, as a component of other comprehensive income within shareholders’ equity. Venture capital investments were classified as securities available-for-sale and were carried at fair value with unrealized gains and losses recognized in noninterest income.

Realized gains and losses for investment securities are determined by the specific identification method and reported in noninterest income. Declines in value judged to be other-than-temporary based on FHN’s analysis of the facts and circumstances related to an individual investment, including securities that FHN has the intent to sell, are also determined by the specific identification method, and reported in noninterest income. For impaired debt securities that FHN does not intend to sell and will not be required to sell prior to recovery but for which credit losses exist, the OTTI recognized is separated between the total impairment related to credit losses which is reported in noninterest income, and the impairment related to all other factors which is excluded from earnings and reported, net of tax, as a component of other comprehensive income within shareholders’ equity.

National banks chartered by the federal government are, by law, members of the Federal Reserve System. Each member bank is required to own stock in its regional Federal Reserve Bank (“FRB”). Given this requirement, FRB stock may not be sold, traded, or pledged as collateral for loans. Membership in the Federal Home Loan Bank (“FHLB”) network requires ownership of capital stock. Member banks are entitled to borrow funds from the FHLB and are required to pledge mortgage loans as collateral. Investments in the FHLB are non-transferable and, generally, membership is maintained primarily to provide a source of liquidity as needed.

Securities Purchased under Resale Agreements and Securities Sold under Repurchase Agreements. FHN enters into short-term purchases of securities under agreements to resell which are accounted for as collateralized financings except where FHN does not have an agreement to sell the same or substantially the same securities before maturity at a fixed or determinable price. All of FHN’s securities purchased under agreements to resell are recognized as collateralized financings. Securities delivered under these transactions are delivered to either the dealer custody account at the FRB or to the applicable counterparty. Securities sold under agreements to repurchase are offered to cash management customers as an automated, collateralized investment account. Securities sold are also used by the retail/commercial bank to obtain favorable borrowing rates on its purchased funds. All of FHN’s securities sold under agreements to repurchase are secured borrowings.

Collateral is valued daily and FHN may require counterparties to deposit additional securities or cash as collateral, or FHN may return cash or securities previously pledged by counterparties, or FHN may be required to post additional securities or cash as collateral, based on the contractual requirements for these transactions.

FHN’s capital markets business utilizes securities borrowing arrangements as part of its trading operations. Securities borrowing transactions generally require FHN to deposit cash with the securities lender. The amount of cash advanced is recorded within Securities purchased under agreements to resell in the Consolidated Statements of Condition. These transactions are not considered purchases and the securities borrowed are not recognized by FHN. FHN does not conduct securities lending transactions.

Loans Held-for-Sale and Securitization and Residual Interests. Prior to fourth quarter 2008, FHN originated first lien mortgage loans (“the warehouse”) for the purpose of selling them in the secondary market through sales to government sponsored enterprises (“GSEs”), through proprietary securitizations, and to a lesser extent through other whole loan sales. In addition, FHN sold certain of the second lien mortgages and home equity lines of credit (“HELOC”) it produced in the secondary market through securitizations and whole loan sales through third quarter 2007.

Loans originated or purchased in which management lacks the intent to hold are included in loans held-for-sale in the Consolidated Statements of Condition. FHN has elected the fair value option on a prospective basis for almost all types of mortgage loans held for sale. Such loans are carried at fair value, with changes in the fair value of closed-end mortgage loans recognized in the mortgage banking noninterest income section of the Consolidated Statements of Income. Changes in the fair value of HELOCs are recognized in mortgage banking income on the Consolidated Statements of Income. For mortgage loans originated for sale for which the fair value option is elected, loan origination fees are recorded by FHN when earned and related direct loan origination costs are recognized when incurred. See Note 25 – Fair Value of Assets and Liabilities for additional information. FHN accounts for all mortgage loans held-for-sale which were originated prior to 2008 and for mortgage loans held-for-sale for which fair value accounting was not elected at the lower of cost or market value (“LOCOM”).

Mortgage loans insured by the Federal Housing Administration (“FHA”) and mortgage loans guaranteed by the Veterans Administration (“VA”) were generally securitized through the Government National Mortgage Association (“GNMA”, “Ginnie Mae”, or “Ginnie”) programs. Generally, conforming conventional loans were securitized through GSEs such as the Federal National Mortgage Association (“FNMA”, “Fannie Mae”, or “Fannie”) and the Federal Home Loan Mortgage Corporation (“FHLMC”, “Freddie Mac” or “Freddie”). In addition, FHN completed proprietary securitizations of nonconforming first lien and second lien mortgages and HELOC, which do not conform to the requirements for sale or securitization through government agencies. Most of these securitizations are accounted for as sales; the one that does not qualify for sale treatment is accounted for as a consolidated VIE.

Note 1 – Summary of Significant Accounting Policies (continued)

Loans. Loans are stated at principal amounts outstanding, net of unearned income. Interest on loans is recognized on an accrual basis at the applicable interest rate on the principal amount outstanding. Loan origination fees and direct costs as well as premiums and discounts are amortized as level yield adjustments over the respective loan terms. Unamortized net fees or costs are recognized upon early repayment of the loans or charge-off. Loan commitment fees are generally deferred and amortized on a straight-line basis over the commitment period. As required by ASC 310, “Receivables”, FHN segregates the loan portfolio into segments and then further disaggregates the portfolio into classes for certain disclosures. Commercial loan portfolio segments include commercial, financial, and industrial (“C&I”) and commercial real estate (“CRE”). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans (“TRUPs”) (i.e., loans to bank and insurance-related businesses) portfolio and purchased credit impaired (“PCI”) loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies exclusively for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within commercial real estate include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other segment. Retail classes include HELOC, real estate (“R/E”) installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Nonaccrual and Past Due Loans. Generally, loans are placed on nonaccrual status if it becomes evident that full collection of principal and interest is at risk, impairment has been recognized as a partial charge-off of principal balance, or on a case-by-case basis if FHN continues to receive payments, but there are atypical loan structures or other borrower-specific issues.

· The accrual status policy for commercial troubled debt restructurings (“TDRs”) follows the same internal policies and procedures as other commercial portfolio loans.

· Residential real estate secured loans discharged in bankruptcy that have not been reaffirmed by the borrower (“discharged bankruptcies”) are placed on nonaccrual regardless of delinquency status and reported as TDRs.

· Current second lien residential real estate loans that are junior to first liens that are 90 or more days past due, are a bankruptcy, or a troubled debt restructuring are placed on nonaccrual status.

· Consumer real estate (HELOC and residential real estate installment loans), if not already on nonaccrual per above situations, are placed on nonaccrual if the loan is 30 or more days delinquent at the time of modification and is also determined to be a TDR.

· Government guaranteed/insured residential mortgage loans remain on accrual (even if the loan falls into one of the above categories) because the collection of principal and interest is reasonably assured.

For commercial and retail loans within each portfolio segment and class that have been placed on nonaccrual status, accrued but uncollected interest is reversed and charged against interest income when the loan is placed on nonaccrual status. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral is sufficient to recover the principal balance and accrued interest. Interest payments received on nonaccrual loans are normally applied to outstanding principal first. Once all principal has been received, additional interest payments are recognized on a cash basis as interest income.

Generally, commercial and retail loans within each portfolio segment and class that have been placed on nonaccrual status can be returned to accrual status if all principal and interest is current and FHN expects full repayment of the remaining contractual principal and interest, or the asset becomes well-secured and is in the process of collection. This typically requires that a borrower make payments in accordance with the contractual terms for a sustained period of time (generally for a minimum of six months) before being returned to accrual status.

Residential real estate loans discharged through Chapter 7 bankruptcy and not reaffirmed by the borrower are not returned to accrual status. For current second liens that have been placed on nonaccrual because the first lien is 90 or more days past due or is a TDR, the second lien may be returned to accrual upon pay-off or cure of the first lien.

Charge-offs. For all commercial and retail loan portfolio segments, all losses of principal are charged to the allowance for loan losses (“ALLL”) in the period in which the loan is deemed to be uncollectible.

For consumer loans, the timing of a full or partial charge-off generally depends on the loan type and delinquency status. Generally, for the consumer real estate and permanent mortgage portfolio segments, a loan will be either partially or fully charged-off when it becomes 180 days past due. At this time, if the collateral value does not support foreclosure, balances are fully charged-off and other avenues of recovery are pursued. If the collateral value supports foreclosure, the loan is charged-down to net realizable value of the collateral less estimated costs to sell and is placed on nonaccrual status. For residential real estate loans discharged in Chapter 7 bankruptcy and not reaffirmed by the borrower, the fair value of the collateral position is assessed at the time FHN is made aware of the discharge and the loan is charged down to the net realizable value (collateral value less estimated costs to sell). Within the credit

Note 1 – Summary of Significant Accounting Policies (continued)

card and other portfolio segment, credit cards are normally charged-off upon reaching 180 days past due while other non-real estate consumer loans are charged-off upon reaching 120 days past due.

Impaired Loans. Impaired loans include nonaccrual commercial loans greater than $1 million and modified consumer and commercial loans that have been classified as a TDR and are individually measured for impairment under the guidance of ASC 310. See Note 4 – Loans for a discussion of methodologies utilized by FHN to measure impairment.

Purchased Credit Impaired Loans. ASC 310-30 “Accounting for Certain Loans or Debt Securities Acquired in a Transfer”, provides guidance for acquired loans that have experienced deterioration of credit quality between origination and the time of acquisition and for which the timely collection of the interest and principal is no longer reasonably assured (“PCI loans”). PCI loans are initially recorded at fair value which is estimated by discounting expected cash flows at acquisition date. The expected cash flows include all contractually expected amounts (including interest) and incorporate an estimate for future expected credit losses, pre-payment assumptions, and yield requirement for a market participant, among other things. To the extent possible, certain PCI loans were aggregated into pools with composite interest rate and cash flows expected to be collected for the pool. Aggregation into loan pools is based upon common risk characteristics that include similar credit risk or risk ratings, and one or more predominant risk characteristics. Each PCI pool is accounted for as a single unit.

Accretable yield is initially established at acquisition and is the excess of cash flows expected at acquisition over the initial investment in the loan and is recognized in interest income over the remaining life of the loan, or pool of loans. Nonaccretable difference is initially established at acquisition and is the difference between the contractually required payments at acquisition and the cash flows expected to be collected at acquisition. FHN estimates expected cash flows for PCI loans on a quarterly basis. Increases in expected cash flows from the last measurement result in reversal of any nonaccretable difference (or allowance for loan losses to the extent any has previously been recorded) with a prospective positive impact on interest income. Decreases to the expected cash flows result in an increase in the allowance for loan losses through provision expense.

FHN does not report PCI loans as nonperforming loans due to the accretion of interest income. Additionally, PCI loans that have been pooled and subsequently modified will not be reported as troubled debt restructurings since the pool is the unit of measurement.

Allowance for Loan Losses. The ALLL is maintained at a level that management determines is sufficient to absorb estimated probable incurred losses in the loan portfolio. The ALLL is increased by the provision for loan losses and loan recoveries and is decreased by charged-off loans. The ALLL is determined in accordance with ASC 450-20-50 “Contingencies - Accruals for Loss Contingencies” and is composed of reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail and commercial loans. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics. Additionally, the ALLL includes specific reserves established in accordance with ASC 310-10-35 for loans determined by management to be individually impaired as well as reserves associated with PCI loans. Management uses analytical models based on loss experience subject to qualitative adjustment to reflect current events, trends, and conditions (including economic considerations and trends) to assess the adequacy of the ALLL as of the end of each reporting period. The nature of the process by which FHN determines the appropriate ALLL requires the exercise of considerable judgment. See Note 5 – Allowance for Loan Losses for a discussion of FHN’s ALLL methodology and a description of the models utilized in the estimation process for the commercial and consumer loan portfolios.

Key components of the estimation process are as follows: (1) commercial loans determined by management to be individually impaired loans are evaluated individually and specific reserves are determined based on the difference between the outstanding loan amount and the estimated net realizable value of the collateral (if collateral dependent), the present value of expected future cash flows or by observable market prices; (2) individual commercial loans not considered to be individually impaired are segmented based on similar credit risk characteristics and evaluated on a pool basis; (3) reserve rates for the commercial segment are calculated based on historical net charge-offs and are subject to adjustment by management to reflect current events, trends, and conditions (including economic considerations and trends); (4) management’s estimate of probable incurred losses reflects the reserve rate applied against the balance of loans in the commercial segment of the loan portfolio; (5) retail loans are generally segmented based on loan type; (6) reserve amounts for each retail portfolio segment are calculated using analytical models based on delinquency trends and net loss experience and are subject to adjustment by management to reflect current events, trends, and conditions (including economic considerations and trends); and (7) the reserve amount for each retail portfolio segment reflects management’s estimate of probable incurred losses in the retail segment of the loan portfolio.

Impairment related to individually impaired loans is measured in accordance with ASC 310-10. For all commercial portfolio segments, commercial TDRs and other individually impaired commercial loans are measured based on the present value of expected future payments discounted at the loan’s effective interest rate (“the DCF method”), observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell (net realizable value). Impaired loans also include consumer TDRs. With the exception of discharged bankruptcies which are collateral dependent and charged down to net realizable value, impairment of consumer TDRs is measured using a DCF model. For loans measured using

Note 1 – Summary of Significant Accounting Policies (continued)

the DCF method or by observable market prices, if the recorded investment in the impaired loan exceeds this amount, a specific allowance is established as a component of the ALLL; however, for impaired collateral-dependent loans FHN generally charges off the full difference between the book value and the estimated net realizable value.

Future adjustments to the ALLL and methodology may be necessary if economic or other conditions differ substantially from the assumptions used in making the estimates or, if required by regulators, based upon information at the time of their examinations or upon future regulatory guidance. Such adjustments to original estimates, as necessary, are made in the period in which these factors and other relevant considerations indicate that loss levels vary from previous estimates.

Premises and Equipment. Premises and equipment are carried at cost less accumulated depreciation and amortization and include additions that materially extend the useful lives of existing premises and equipment. All other maintenance and repair expenditures are expensed as incurred. Gains and losses on dispositions are reflected in noninterest income and expense, respectively.

Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets and are recorded as noninterest expense. Leasehold improvements are amortized over the lesser of the lease periods or the estimated useful lives using the straight-line method. Useful lives utilized in determining depreciation for furniture, fixtures and equipment and buildings are three to fifteen and seven to forty-five years, respectively.

Real Estate Acquired by Foreclosure. Real estate acquired by foreclosure consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Losses arising at foreclosure are charged to the appropriate valuation allowance. Properties acquired by foreclosure in compliance with HUD servicing guidelines are included in “Real estate acquired by foreclosure” and are carried at the estimated amount of the underlying government insurance or guarantee. On December 31, 2014, FHN had $9.5 million of these foreclosed properties.

Required developmental costs associated with foreclosed property under construction are capitalized and included in determining the estimated net realizable value of the property, which is reviewed periodically, and any write-downs are charged against current earnings.

Intangible Assets. Intangible assets consist of “Other intangible assets” and “Goodwill.” Other intangible assets represents intangible assets, including customer lists, acquired contracts, covenants not to compete and premium on purchased deposits, which are amortized over their estimated useful lives, except for those assets related to deposit bases that are primarily amortized over 10 years. Management evaluates whether events or circumstances have occurred that indicate the remaining useful life or carrying value of amortizing intangibles should be revised. Goodwill represents the excess of cost over net assets of acquired subsidiaries less identifiable intangible assets. On an annual basis, FHN assesses goodwill for impairment.

Derivative Financial Instruments. FHN accounts for derivative financial instruments in accordance with ASC 815 which requires recognition of all derivative instruments on the balance sheet as either an asset or liability measured at fair value through adjustments to either accumulated other comprehensive income within shareholders’ equity or current earnings. Fair value is defined as the price that would be received to sell a derivative asset or paid to transfer a derivative liability in an orderly transaction between market participants on the transaction date. Fair value is determined using available market information and appropriate valuation methodologies. FHN has elected to present its derivative assets and liabilities gross on the Consolidated Statements of Condition. Amounts of collateral posted or received have not been netted with the related derivatives. See Note 23 – Derivatives for discussion on netting of derivatives.

FHN prepares written hedge documentation, identifying the risk management objective and designating the derivative instrument as a fair value hedge or cash flow hedge as applicable, or as a free-standing derivative instrument entered into as an economic hedge or to meet customers’ needs. All transactions designated as ASC 815 hedges must be assessed at inception and on an ongoing basis as to the effectiveness of the derivative instrument in offsetting changes in fair value or cash flows of the hedged item. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recognized currently in earnings. For a cash flow hedge, changes in the fair value of the derivative instrument, to the extent that it is effective, are recorded in accumulated other comprehensive income and subsequently reclassified to earnings as the hedged transaction impacts net income. Any ineffective portion of a cash flow hedge is recognized currently in earnings. For free-standing derivative instruments, changes in fair values are recognized currently in earnings. See Note 23 – Derivatives for additional information.

Cash flows from derivative contracts are reported as operating activities on the Consolidated Statements of Cash Flows.

Advertising and Public Relations. Advertising and public relations costs are generally expensed as incurred.

Income Taxes. FHN accounts for income taxes using the asset and liability method pursuant to ASC 740, “Income Taxes,” which requires the recognition of deferred tax assets (“DTAs”) and liabilities (“DTLs”) for the expected future tax consequences of events

Note 1 – Summary of Significant Accounting Policies (continued)

that have been included in the financial statements. Under this method, FHN’s deferred tax assets and liabilities are determined based on differences between financial statement carrying amounts and the corresponding tax basis of certain assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on DTAs and DTLs is recognized in income in the period that includes the enactment date.

Additionally, DTAs are subject to a “more likely than not” test to determine whether the full amount of the DTAs should be realized in the financial statements. FHN evaluates the likelihood of realization of the DTA based on both positive and negative evidence available at the time, including (as appropriate) scheduled reversals of DTLs, projected future taxable income, tax planning strategies, and recent financial performance. If the “more likely than not” test is not met, a valuation allowance must be established against the DTA. In the event FHN determines that DTAs are realizable in the future in excess of their net recorded amount, FHN would make an adjustment to the valuation allowance, which would reduce the provision for income taxes.

FHN’s ASC 740 policy is to recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense. Accrued interest and penalties are included within the related tax asset/liability line in the consolidated balance sheet.

FHN and its eligible subsidiaries are included in a consolidated federal income tax return. FHN files separate returns for subsidiaries that are not eligible to be included in a consolidated federal income tax return. Based on the laws of the applicable state where it conducts business operations, FHN either files consolidated, combined, or separate returns. With few exceptions, FHN is no longer subject to U.S. federal or state and local tax examinations by tax authorities for years before 2009. The Internal Revenue Service (“IRS”) recently completed a limited issue focused examination (“LIFE”) for the years ending December 31, 2011 and 2010. All proposed adjustments with respect to examinations of federal returns filed for 2011 and prior years have been settled. FHN is currently under audit in several states.

Earnings per Share. Earnings per share is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share in net income periods is computed by dividing net income available to common shareholders by the weighted average number of common shares adjusted to include the number of additional common shares that would have been outstanding if the potential dilutive common shares resulting from restricted shares or units and options granted under FHN’s equity compensation plans and deferred compensation arrangements had been issued. FHN utilizes the treasury stock method in this calculation. Diluted earnings per share does not reflect an adjustment for potentially dilutive shares in periods in which a net loss available to common shareholders exists.

Equity Compensation. FHN accounts for its employee stock-based compensation plans using the grant date fair value of an award to determine the expense to be recognized over the life of the award. For awards with service vesting criteria, expense is recognized using the straight-line method over the requisite service period (generally the vesting period) and is adjusted for anticipated forfeitures. For awards vesting based on a performance measure, anticipated performance is projected to determine the number of awards expected to vest, and the corresponding aggregate expense is adjusted to reflect the elapsed portion of the performance period. The fair value of equity awards with cash payout requirements, as well as awards for which fair value cannot be estimated at grant date, is remeasured each reporting period through vesting date. Performance awards with pre-grant date achievement criteria are expensed over the period from the start of the performance period through the end of the service vesting term. Awards are amortized using the nonsubstantive vesting methodology which requires that expense associated with awards having only service vesting criteria that continue vesting after retirement be recognized over a period ending no later than an employee’s retirement eligibility date.

Repurchase and Foreclosure Provision. The repurchase and foreclosure provision is the charge to earnings necessary to maintain the liability at a level that reflects management’s best estimate of losses associated with the repurchase of loans previously transferred in whole loans sales or securitizations, or make whole requests as of the balance sheet date. See Note 18 – Contingencies and Other Disclosures for discussion related to FHN’s obligations to repurchase such loans.

Legal Costs. Generally, legal costs are expensed as incurred.

Contingency Accruals. Contingent liabilities arise in the ordinary course of business, including those related to lawsuits, arbitration, mediation, and other forms of litigation. FHN establishes loss contingency liabilities for matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. A liability generally is not established when a loss contingency either is not probable or its amount is not reasonably estimable. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance generally requires a liability to be established at the low end of the range. Expected recoveries from insurance and indemnification arrangements are recognized if they are considered equally as probable and reasonably estimable as the related loss contingency up to the recognized amount of the estimated loss. Gain contingencies and expected recoveries from insurance and indemnification arrangements in excess of the associated recorded estimated losses are recognized when received. Recognized recoveries are recorded as offsets to the related expense in the Consolidated Statements of Income. The favorable resolution of a gain contingency generally results in the recognition of other income in the Consolidated Statements of Income.

Note 1 – Summary of Significant Accounting Policies (continued)

Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense/(benefit). A reporting entity should evaluate whether the conditions have been met to apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014.

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.

				As of December 31,
(Dollars in thousands, except per share amounts)				2014			2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
Other assets				$	(4,700	)	$	(5,340	)
Other liabilities					4,678			7,034
Undivided profits					(9,378	)		(12,374	)
	For the Year Ended December 31,
	2014			2013			2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
Other expense	$	(8,680	)	$	(10,082	)	$	(14,177	)
Provision/(benefit) for income taxes		5,684			12,780			13,234
Income/(loss) available to common shareholders		2,996			(2,698	)		943
Diluted earnings/(loss) per share		0.01			(0.01	)		—

Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provision/(benefit) for income taxes on the Consolidated Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable.

Effective January 2014, FHN adopted provisions of FASB ASU 2013-11“Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Generally, ASU 2013-11 requires that an unrecognized tax benefit should reduce a deferred tax asset (“DTA”) that has been established for a net operating loss (“NOL”), a tax credit carryforward, or other similar tax losses. However, if a filer does not have such carryforwards or similar tax losses at the reporting date, the uncertain tax position should be recorded as a

Note 1 – Summary of Significant Accounting Policies (continued)

liability. If a filer does have a DTA, but is not required by tax law of the applicable jurisdiction to use the DTA to settle additional taxes from the disallowance of a tax position and that is the filer’s intent, the uncertain tax position should be recognized as a liability in that situation as well and not netted with the DTA. The assessment of whether a DTA is available is based on the unrecognized tax benefit and DTA that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The adoption of provisions of ASU 2013-11, did not have a material effect on FHN’s statement of condition, results of operations, or cash flows.

Effective January 1, 2013, FHN adopted the provisions of FASB Accounting Standards Update (“ASU”) 2011-11, “Balance Sheet: Disclosures about Offsetting Assets and Liabilities.” ASU 2011-11 creates new disclosure requirements about the nature of an entity’s rights of setoff and related arrangements associated with its financial instruments and derivative instruments. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the balance sheet as well as instruments and transactions subject to an agreement similar to a master netting arrangement. The scope of ASU 2011-11 includes derivatives, sale and repurchase agreements/reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The provisions of ASU 2011-11 are effective for periods beginning on or after January 1, 2013, with retrospective application to all periods presented in the financial statements required. Additionally in January 2013, FASB issued ASU 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities”, that narrowed the scope of ASU 2011-11. Based on this amendment, ASU 2011-11 applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Upon adoption of ASU 2011-11, FHN revised its disclosures accordingly. The adoption of the provisions of ASU 2011-11 had no effect on FHN’s statement of condition, results of operations, or cash flows.

Effective January 1, 2013, FHN adopted the provisions of FASB ASU 2013-02, “Comprehensive Income: Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income.” ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements but modifies interim disclosure requirements such that changes in accumulated other comprehensive income must be disclosed in interim filings. The provisions of ASU 2013-02 are effective for periods beginning after December 15, 2012, with prospective application to transactions or modifications of existing transactions that occur on or after the effective date. Upon adoption of the provisions of ASU 2013-02 on January 1, 2013, FHN revised its financial statements and disclosures accordingly.

In July 2013, the FASB issued ASU 2013-10, “Derivatives and Hedging: Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.” ASU 2013-10 provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The provisions of ASU 2013-10 permit the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, in addition to U.S. Treasury rates and the London Interbank Offered Rate (“LIBOR”). The amendments also remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013. FHN may apply the provisions of ASU 2013-10 to future hedging relationships.

Effective January 1, 2012, FHN adopted the provisions of FASB ASU 2011-05, “Presentation of Comprehensive Income”. ASU 2011-05 requires that net income and other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 also provides that regardless of the method used to present comprehensive income, presentation is required on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income. ASU 2011-05 does not change the current option for entities to present components of other comprehensive income gross or net of the effect of income taxes, provided that such tax effects are presented in the statement in which other comprehensive income is presented or disclosed in the notes to the financial statements. The provisions of ASU 2011-05 are effective for periods beginning after December 15, 2011, with retrospective application to all periods presented in the financial statements required. No transition disclosures are required upon adoption. For interim reporting periods, filers are only required to present total comprehensive income in a single continuous statement or in two consecutive statements. On December 23, 2011, the FASB issued ASU 2011-12, which indefinitely deferred the provisions of ASU 2011-05 that require entities to present reclassification adjustments out of accumulated other comprehensive income by component in both the statement in which net income is presented and the statement in which other comprehensive income is presented (for both interim and annual financial statements). This deferral was superseded by ASU 2013-12. Upon adoption of the provisions of ASU 2011-05 and ASU 2011-12 on January 1, 2012, FHN revised its financial statements and disclosures accordingly.

Note 1 – Summary of Significant Accounting Policies (continued)

Accounting Changes Issued but Not Currently Effective. In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN will adopt the requirements of ASU 2014-04 prospectively and does not expect it to have a material effect on FHN’s statements of condition, results of operation or cash flows.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not engage in repurchase-to- maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that it not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual and interim periods beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN currently classifies foreclosed properties with government guarantees within other real estate owned and plans to adopt ASU 2014-14 prospectively.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the

Note 1 – Summary of Significant Accounting Policies (continued)

aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2015 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

Note 2 – Acquisitions and Divestitures

On May 27, 2014, First Tennessee Bank National Association (“FTBNA”) entered into an agreement to purchase thirteen bank branches in Middle and East Tennessee. The purchase of the branches closed on October 17, 2014. The fair value of the acquired assets totaled $437.6 million, including $413.4 million in cash, $7.5 million in fixed assets, and $15.7 million of goodwill and intangible assets. FTBNA also assumed $437.2 million of deposits associated with these branches. FTBNA paid a deposit premium of 3.32 percent and acquired an immaterial amount of loans as part of the transaction. FHN’s operating results for 2014 includes the impact of branch activity subsequent to the October 17, 2014 closing date.

On June 7, 2013, FTBNA acquired substantially all of the assets and liabilities of Mountain National Bank (“MNB”) a community bank headquartered in Sevierville, Tennessee from the Federal Deposit Insurance Corporation (“FDIC”), as receiver, pursuant to a purchase and assumption agreement. Prior to the acquisition, MNB operated 12 branches in Sevier and Blount counties in eastern Tennessee. Excluding purchase accounting adjustments, FHN acquired approximately $452 million in assets, including approximately $249 million in loans, and assumed approximately $362 million of MNB deposits. There was no premium associated with the acquired deposits and assets were acquired at a discount of $33 million from book value. FHN did not enter into a loss-sharing agreement with the FDIC associated with the MNB purchase.

FHN has accounted for these acquisitions as business combinations in accordance with ASC 805, “Business Combinations,” which requires acquired assets and liabilities (other than tax balances) to be recorded at fair value. Generally, the fair value for the acquired loans was estimated using a discounted cash flow analysis with significant unobservable inputs (Level 3) including adjustments for expected credit losses, prepayment speeds, current market rates for similar loans, and an adjustment for investor-required yield given product-type and various risk characteristics (refer to Note 4 - Loans for additional information).

Note 2 – Acquisitions and Divestitures (continued)

The following schedule details significant assets acquired and liabilities assumed from the FDIC for MNB and estimated purchase accounting/fair value adjustments at June 7, 2013:

	Mountain National Bank
				Purchase Accounting/
	Acquired from			Fair Value			As recorded
(Dollars in thousands)	FDIC			Adjustments			by FHN
Assets:
Cash and cash equivalents	$	54,872		$	—		$	54,872
Interest-bearing cash		26,984			—			26,984
Securities available-for-sale		73,948			(440	)		73,508
Loans, net of unearned income		249,001			(33,094	)		215,907
Core deposit intangible		—			3,200			3,200
Premises and equipment		10,359			3,755			14,114
Real estate acquired by foreclosure		33,294			(10,930	)		22,364
Deferred tax asset		(286	)		3,097			2,811
Other assets		3,375			(461	)		2,914
Total assets acquired	$	451,547		$	(34,873	)	$	416,674
Liabilities:
Deposits	$	362,098		$	2,000		$	364,098
Securities sold under agreements to repurchase		1,930			—			1,930
Federal Home Loan Bank advances		50,040			5,586			55,626
Other liabilities		2,547			—			2,547
Total liabilities assumed		416,615			7,586			424,201
Acquired noncontrolling interest		117			57			174
Total liabilities assumed and acquired noncontrolling interest	$	416,732		$	7,643		$	424,375
Excess of assets acquired over liabilities assumed	$	34,815
Aggregate purchase accounting/fair value adjustments				$	(42,516	)
Goodwill							$	7,701

FHN’s operating results for 2014 and 2013 include the operating results of the acquired assets and assumed liabilities of MNB subsequent to the acquisition on June 7, 2013.

In relation to the branch acquisition and the MNB acquisition FHN recorded $4.0 million and $7.7 million, respectively, in goodwill, representing the excess of the estimated fair value of liabilities assumed over the estimated fair value of the assets acquired (refer to Note 8 Intangible Assets for additional information). Of these amounts, $4.0 million and $4.4 million, respectively, is expected to be deductible for tax purposes.

On October 21, 2014, FHN entered into an agreement with TrustAtlantic Financial Corporation (“TrustAtlantic Financial”) by which TrustAtlantic Financial will merge into a subsidiary of FHN. TrustAtlantic Financial owns all the capital stock of TrustAtlantic Bank. Trust Atlantic Financial and TrustAtlantic Bank are headquartered in Raleigh, North Carolina. TrustAtlantic Bank has five branches located in North Carolina in the communities of Raleigh, Cary and Greenville. On December 16, 2014 the parties entered into an amendment to the merger agreement. The transaction is expected to close in the first half of 2015, subject to the approval of the shareholders of TrustAtlantic Financial as well as regulatory approvals and other customary conditions to closing.

In addition to the transactions mentioned above, FHN acquires or divests assets from time to time in transactions that are considered business combinations or divestitures but are not material to FHN individually or in the aggregate.

Note 3 – Investment Securities

The following tables summarize FHN’s investment securities on December 31, 2014 and 2013:

	December 31, 2014
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities available-for-sale (“AFS”):
U.S. treasuries	$	100	$	—	$	—		$	100
Government agency issued mortgage-backed securities (“MBS”)		716,618		35,287		(740	)		751,165
Government agency issued collateralized mortgage obligations (“CMO”)		2,615,620		22,026		(26,380	)		2,611,266
Other U.S. government agencies		1,755		52		—			1,807
States and municipalities		10,205		—		—			10,205
Equity and other (a)		182,184		—		(114	)		182,070
Total securities available-for-sale (b)	$	3,526,482	$	57,365	$	(27,234	)	$	3,556,613
Securities held-to-maturity (“HTM”):
States and municipalities	$	4,292	$	1,112	$	—		$	5,404
Total securities held-to-maturity	$	4,292	$	1,112	$	—		$	5,404

(a) Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million. The remainder is money market and cost method investments.

(b) Includes $3.3 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	December 31, 2013
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities available-for-sale:
U.S. treasuries	$	39,997	$	—	$	(1	)	$	39,996
Government agency issued MBS		796,835		32,353		(5,499	)		823,689
Government agency issued CMO		2,335,718		12,399		(57,180	)		2,290,937
Other U.S. government agencies		2,202		124		—			2,326
States and municipalities		15,155		—		—			15,155
Equity and other (a)		226,376		—		(22	)		226,354
Total securities available-for-sale (b)	$	3,416,283	$	44,876	$	(62,702	)	$	3,398,457

(a) Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments.

(b) Includes $3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity securities portfolios on December 31, 2014, are provided below:

	Held-to-Maturity				Available-for-Sale
(Dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within 1 year	$	—	$	—	$	1,755	$	1,807
After 1 year; within 5 years		—		—		1,600		1,600
After 5 years; within 10 years		—		—		—		—
After 10 years		4,292		5,404		8,705		8,705
Subtotal		4,292		5,404		12,060		12,112
Government agency issued MBS and CMO		—		—		3,332,238		3,362,431
Equity and other		—		—		182,184		182,070
Total	$	4,292	$	5,404	$	3,526,482	$	3,556,613

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.

Note 3 – Investment Securities (Continued)

The table below provides information on gross gains and gross losses from investment securities for the twelve months ended December 31:

		Available-for-Sale
(Dollars in thousands)		2014			2013			2012
Gross gains on sales of securities	$	5,867		$	4,078		$	5,433
Gross (losses) on sales of securities		—			(1,193	)		—
Net gain/(loss) on sales of securities (a)	$	5,867		$	2,885		$	5,433
Venture capital investments (b)		(2,995	)		—			(4,700	)
Net OTTI recorded (c)		—			(1,125	)		(40	)
Total securities gain/(loss), net	$	2,872		$	1,760		$	693

(a) Proceeds from sales during 2014 were $9.2 million, inclusive of $1.4 million of equity securities. Proceeds from sales during 2013 and 2012 were $63.8 million and $47.5 million, respectively.

(b) Includes losses on sales, write-offs and /or unrealized fair value adjustments related to venture capital investments.

(c) OTTI recorded in 2013 and 2012 is related to equity securities.

The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of December 31, 2014 and 2013:

	As of December 31, 2014
	Less than 12 months					12 months or longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(Dollars in thousands)	Value		Losses			Value		Losses			Value		Losses
Government agency issued CMO	$	179,661	$	(869	)	$	964,267	$	(25,511	)	$	1,143,928	$	(26,380	)
Government agency issued MBS		32,141		(8	)		35,849		(732	)		67,990		(740	)
Total debt securities		211,802		(877	)		1,000,116		(26,243	)		1,211,918		(27,120	)
Equity		967		(80	)		9		(34	)		976		(114	)
Total temporarily impaired securities	$	212,769	$	(957	)	$	1,000,125	$	(26,277	)	$	1,212,894	$	(27,234	)

	As of December 31, 2013
	Less than 12 months					12 months or longer					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
(Dollars in thousands)	Value		Losses			Value		Losses			Value		Losses
Government agency issued CMO	$	1,639,254	$	(57,117	)	$	10,010	$	(63	)	$	1,649,264	$	(57,180	)
Government agency issued MBS		147,792		(5,499	)		—		—			147,792		(5,499	)
U.S. treasuries		24,997		(1	)		—		—			24,997		(1	)
Total debt securities		1,812,043		(62,617	)		10,010		(63	)		1,822,053		(62,680	)
Equity		43		(22	)		—		—			43		(22	)
Total temporarily impaired securities	$	1,812,086	$	(62,639	)	$	10,010	$	(63	)	$	1,822,096	$	(62,702	)

FHN has reviewed investment securities that were in unrealized loss positions in accordance with its accounting policy for OTTI and does not consider them other-than-temporarily impaired. For debt securities with unrealized losses, FHN does not intend to sell them and it is more-likely-than-not that FHN will not be required to sell them prior to recovery. The decline in value is primarily attributable to interest rates and not credit losses. For equity securities, FHN has both the ability and intent to hold these securities for the time necessary to recover the amortized cost.

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of December 31, 2014 and 2013:

	December 31
(Dollars in thousands)	2014		2013
Commercial:
Commercial, financial, and industrial	$	9,007,286	$	7,923,576
Commercial real estate		1,277,717		1,133,279
Retail:
Consumer real estate (a)		5,048,071		5,333,371
Permanent mortgage (b)		538,961		662,242
Credit card & other		358,131		336,606
Loans, net of unearned income	$	16,230,166	$	15,389,074
Allowance for loan losses		232,448		253,809
Total net loans	$	15,997,718	$	15,135,265

(a) Balances as of December 31, 2014 and 2013, include $76.8 million and $333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.

(b) Balance as of December 31, 2013, includes $11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

COMPONENTS OF THE LOAN PORTFOLIO

The loan portfolio is disaggregated into segments and then further disaggregated into classes for certain disclosures. GAAP defines a portfolio segment as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. A class is generally determined based on the initial measurement attribute (i.e., amortized cost or purchased credit-impaired), risk characteristics of the loan, and FHN’s method for monitoring and assessing credit risk. Commercial loan portfolio segments include commercial, financial and industrial (“C&I”) and commercial real estate (“CRE”). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans (“TRUPS”) (i.e. long-term unsecured loans to bank and insurance - related businesses) portfolio and PCI loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within commercial real estate include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Retail classes include HELOC, real estate (“R/E”) installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Concentrations

FHN has a concentration of residential real estate loans (34 percent of total loans), the majority of which is in the consumer real estate portfolio (31 percent of total loans). Loans to finance and insurance companies total $2.0 billion (22 percent of the C&I portfolio, or 12 percent of the total loans). FHN had loans to mortgage companies totaling $1.2 billion (13 percent of the C&I portfolio, or 7 percent of total loans) as of December 31, 2014. As a result, 35 percent of the C&I category was sensitive to impacts on the financial services industry.

Restrictions

On December 31, 2014, $6.1 billion of commercial loans were pledged to secure potential discount window borrowings from the Federal Reserve Bank. Additionally, as of December 31, 2014, FHN pledged all of its held-to-maturity first and second lien mortgages and HELOCs, excluding restricted real estate loans and secured borrowings, to secure potential borrowings from the FHLB-Cincinnati. Restricted and secured borrowings loans secure borrowings associated with both consolidated and nonconsolidated VIEs. See Note 22 – Variable Interest Entities for additional discussion.

Loan Sales

In third quarter 2014, FHN executed the sale of certain loans held-for-sale, see Note 25 – Fair Value of Assets & Liabilities for further detail.

Acquisition

On June 7, 2013, FHN acquired substantially all of the assets and liabilities of MNB from the FDIC. The acquisition included approximately $249 million of loans. These loans were initially recorded at fair value which incorporates expected credit losses,

Note 4 – Loans (Continued)

among other things, in accordance with ASC 805 resulting in no carryover of ALLL from the acquiree. At acquisition, FHN designated certain loans as PCI (see discussion below) with the remaining loans accounted for under ASC 310-20, “Nonrefundable Fees and Other Costs”. For loans accounted for under ASC 310-20, the difference between the loans’ book value to MNB and the estimated fair value at the time of the acquisition will be accreted back into interest income over the remaining contractual life and the subsequent accounting and reporting will be similar to FHN’s originated loan portfolio.

The following table presents a rollforward of the accretable yield for the years ended December 31, 2014 and 2013:

	Years Ended
	December 31
(Dollars in thousands)	2014			2013
Balance, beginning of period	$	13,490		$	—
Additions		495			6,650
Accretion		(7,090	)		(2,234	)
Adjustment for payoffs		(1,575	)		(104	)
Adjustment for charge-offs		(79	)		(4	)
Increase in accretable yield (a)		9,473			9,182
Balance, end of period	$	14,714		$	13,490

(a) Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

At December 31, 2014, the ALLL related to PCI loans was $3.2 million compared to $.8 million in 2013. Net charge-offs recognized during 2014 were $.1 million, compared to $.4 million in 2013. The loan loss provision incurred during 2014 and 2013 was $3.3 million and $1.2 million, respectively. The following table reflects the outstanding principal balance and carrying amounts of the PCI loans as of December 31, 2014 and 2013:

	December 31, 2014				December 31, 2013
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	5,044	$	5,813	$	7,077	$	9,169
Commercial real estate		32,553		43,246		38,042		53,648
Consumer real estate		598		868		878		1,291
Credit card and other		10		14		12		21
Total	$	38,205	$	49,941	$	46,009	$	64,129

Note 4 – Loans (Continued)

Impaired Loans

The following tables provide information at December 31, 2014 and 2013, by class related to individually impaired loans and consumer TDR’s. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and LOCOM have been excluded.

	2014
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance recorded:
Commercial:
General C&I	$	9,558	$	10,851	$	—	$	15,826	$	—
TRUPS		—		—		—		813		—
Income CRE		8,528		16,242		—		7,671		—
Residential CRE		1,148		1,827		—		718		—
Total	$	19,234	$	28,920	$	—	$	25,028	$	—
Retail:
HELOC (a)	$	13,379	$	32,471	$	—	$	15,670	$	—
R/E installment loans (a)		4,819		6,247		—		7,855		—
Permanent mortgage (a)		7,258		9,374		—		7,798		—
Total	$	25,456	$	48,092	$	—	$	31,323	$	—
Impaired loans with related allowance recorded:
Commercial:
General C&I	$	13,295	$	17,644	$	863	$	23,382	$	310
TRUPS		13,460		13,700		4,310		13,524		—
Income CRE		8,384		9,756		650		9,944		286
Residential CRE		1,370		5,331		146		5,553		190
Total	$	36,509	$	46,431	$	5,969	$	52,403	$	786
Retail:
HELOC	$	84,169	$	86,252	$	18,942	$	77,306	$	1,799
R/E installment loans		70,858		72,094		21,836		73,374		1,198
Permanent mortgage		106,201		119,421		16,627		111,528		2,823
Credit card & other		533		533		254		596		26
Total	$	261,761	$	278,300	$	57,659	$	262,804	$	5,846
Total commercial	$	55,743	$	75,351	$	5,969	$	77,431	$	786
Total retail	$	287,217	$	326,392	$	57,659	$	294,127	$	5,846
Total impaired loans	$	342,960	$	401,743	$	63,628	$	371,558	$	6,632

(a) All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

Note 4 – Loans (Continued)

	2013
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance recorded:
Commercial:
General C&I	$	26,626	$	28,089	$	—	$	46,486	$	108
TRUPS		6,500		6,500		—		9,563		—
Income CRE		8,524		16,552		—		21,304		168
Residential CRE		—		—		—		8,145		122
Total	$	41,650	$	51,141	$	—	$	85,498	$	398
Retail:
HELOC (a)	$	16,825	$	38,624	$	—	$	19,418	$	—
R/E installment loans (a)		11,009		14,062		—		11,955		—
Permanent mortgage (a)		8,460		11,943		—		8,835		—
Total	$	36,294	$	64,629	$	—	$	40,208	$	—
Impaired loans with related allowance recorded:
Commercial:
General C&I	$	16,741	$	23,016	$	1,548	$	18,291	$	185
TRUPS		33,610		33,610		12,747		37,791		—
Income CRE		12,374		14,094		810		5,725		201
Residential CRE		6,914		12,249		790		3,148		153
Total	$	69,639	$	82,969	$	15,895	$	64,955	$	539
Retail:
HELOC	$	70,297	$	71,692	$	16,506	$	66,154	$	1,821
R/E installment loans		72,291		73,230		27,667		72,408		1,340
Permanent mortgage		112,998		125,666		17,042		112,356		2,990
Credit card & other		545		545		224		698		29
Total	$	256,131	$	271,133	$	61,439	$	251,616	$	6,180
Total commercial	$	111,289	$	134,110	$	15,895	$	150,453	$	937
Total retail	$	292,425	$	335,762	$	61,439	$	291,824	$	6,180
Total impaired loans	$	403,714	$	469,872	$	77,334	$	442,277	$	7,117

(a) All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

Asset Quality Indicators

FHN employs a dual grade commercial risk grading methodology to assign an estimate for the probability of default (“PD”) and the loss given default (“LGD”) for each commercial loan using factors specific to various industry, portfolio, or product segments that result in a rank ordering of risk and the assignment of grades PD 1 to PD 16. Each PD grade corresponds to an estimated one-year default probability percentage; a PD 1 has the lowest expected default probability, and probabilities increase as grades progress down the scale. PD 1 through PD 12 are “pass” grades. PD grades 13-16 correspond to the regulatory-defined categories of special mention (13), substandard (14), doubtful (15), and loss (16). Pass loan grades are required to be reassessed annually or earlier whenever there has been a material change in the financial condition of the borrower or risk characteristics of the relationship. All commercial loans over $1 million and certain commercial loans over $500,000 that are graded 13 or worse are reassessed on a quarterly basis. LGD grades are assigned based on a scale of 1-12 and represent FHN’s expected recovery based on collateral type in the event a loan defaults. See Note 5 - Allowance for Loan Losses for further discussion on the credit grading system.

Note 4 – Loans (Continued)

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of December 31, 2014 and 2013.

	December 31, 2014
(Dollars in thousands)	General C&I		Loans to Mortgage Companies		TRUPS (a)		Income CRE		Residential CRE		Total		Percentage of Total			Allowance for Loan Losses
PD Grade:
1	$	450,465	$	—	$	—	$	136	$	60	$	450,661		4	%	$	70
2		434,945		—		—		1,344		236		436,525		4			130
3		566,364		134,230		—		73,812		230		774,636		8			201
4		589,341		202,287		—		45,084		232		836,944		8			408
5		821,012		247,058		—		216,628		3,835		1,288,533		13			2,372
6		1,162,551		314,671		—		175,007		5,218		1,657,447		16			5,286
7		1,325,968		157,410		—		224,226		6,669		1,714,273		17			8,517
8		699,334		42,730		—		200,463		7,664		950,191		9			9,307
9		531,979		58,997		—		117,782		834		709,592		7			8,901
10		244,574		5,635		—		38,253		739		289,201		3			4,806
11		287,940		—		—		31,712		938		320,590		3			6,887
12		117,431		—		—		29,453		1,038		147,922		1			4,622
13		87,840		—		325,882		6,116		1,166		421,004		4			3,590
14,15,16		157,868		—		—		29,579		4,204		191,651		2			21,411
Collectively evaluated for impairment		7,477,612		1,163,018		325,882		1,189,595		33,063		10,189,170		99			76,508
Individually evaluated for impairment		22,853		—		12,845		16,912		2,518		55,128		1			5,969
Purchased credit-impaired loans		5,076		—		—		33,914		1,715		40,705		—			3,108
Total commercial loans	$	7,505,541	$	1,163,018	$	338,727	$	1,240,421	$	37,296	$	10,285,003		100	%	$	85,585

	December 31, 2013
(Dollars in thousands)	General C&I		Loans to Mortgage Companies		TRUPS (a)		Income CRE		Residential CRE		Total		Percent of Total			Allowance for Loan Losses
PD Grade:
1	$	239,141	$	—	$	—	$	—	$	—	$	239,141		3	%	$	85
2		216,173		—		—		3,363		—		219,536		2			80
3		224,224		—		—		739		83		225,046		2			206
4		321,423		—		—		13,005		213		334,641		4			410
5		821,158		—		—		42,420		225		863,803		10			1,331
6		876,982		96,287		—		229,098		9,989		1,212,356		13			1,643
7		1,135,378		172,236		—		216,744		6,527		1,530,885		17			2,578
8		953,398		295,436		—		218,619		136		1,467,589		16			4,426
9		683,223		167,533		—		111,260		953		962,969		11			8,381
10		402,532		48,802		—		64,893		1,850		518,077		6			7,276
11		387,907		10,169		—		29,774		1,637		429,487		5			9,687
12		129,741		—		—		32,796		4,333		166,870		2			2,488
13		163,458		—		331,940		16,666		2,886		514,950		6			9,047
14,15,16		154,860		146		4,103		52,879		5,551		217,539		2			32,712
Collectively evaluated for impairment		6,709,598		790,609		336,043		1,032,256		34,383		8,902,889		99			80,350
Individually evaluated for impairment		43,367		—		36,864		20,898		6,914		108,043		1			15,895
Total commercial loans (b)	$	6,752,965	$	790,609	$	372,907	$	1,053,154	$	41,297	$	9,010,932		100	%	$	96,245

(a) Balances as of December 31, 2014 and 2013, presented net of $26.2 million and $29.4 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is “13”.

(b) December 31, 2013 table excludes PCI loans amounting to $45.9 million ($.8 million of allowance).

The retail portfolio is comprised primarily of smaller-balance loans which are very similar in nature in that most are standard products and are backed by residential real estate. Because of the similarities of retail loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the quality of consumer borrowers. FICO scores are refreshed on a

Note 4 – Loans (Continued)

quarterly basis in an attempt to reflect the recent risk profile of the borrowers. Accruing delinquency amounts are indicators of asset quality within the credit card and other retail portfolio.

The following tables reflect period end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of December 31, 2014 and 2013:

HELOC

	December 31, 2014						December 31, 2013
(Dollars in thousands) Origination Vintage	Period End Balance		Average Origination FICO		Average Refreshed FICO		Period End Balance		Average Origination FICO		Average Refreshed FICO
pre-2003	$	56,335		708		701	$	79,550		711		701
2003		102,073		721		710		141,215		725		711
2004		282,580		723		709		395,323		727		716
2005		451,757		731		722		531,839		732		720
2006		337,440		740		727		383,366		740		726
2007		357,290		744		729		406,299		744		728
2008		194,710		753		747		223,110		753		747
2009		101,594		751		743		115,863		750		744
2010		98,214		753		749		114,393		753		749
2011		96,982		759		753		112,595		758		753
2012		119,333		760		758		138,373		759		760
2013		151,005		758		760		164,665		759		762
2014		120,025		762		762		—		—		—
Total	$	2,469,338		741		732	$	2,806,591		740		730

R/E Installment Loans
	December 31, 2014						December 31, 2013
(Dollars in thousands) Origination Vintage	Period End Balance		Average Origination FICO		Average Refreshed FICO		Period End Balance		Average Origination FICO		Average Refreshed FICO
pre-2003	$	13,909		678		684	$	23,827		681		683
2003		49,706		714		724		74,451		716		725
2004		41,414		699		695		54,240		701		700
2005		123,130		715		712		161,205		717		711
2006		134,055		713		702		173,994		715		701
2007		199,473		723		709		249,198		725		709
2008		64,244		720		714		85,192		723		720
2009		28,762		736		725		38,842		742		737
2010		101,310		747		752		125,094		748		755
2011		278,795		760		759		335,343		760		760
2012		608,684		764		766		690,461		764		764
2013		475,272		756		759		514,933		757		754
2014		459,979		756		752		—		—		—
Total	$	2,578,733		748		747	$	2,526,780		746		742

Permanent Mortgage
	December 31, 2014						December 31, 2013
(Dollars in thousands) Origination Vintage	Period End Balance		Average Origination FICO		Average Refreshed FICO		Period End Balance		Average Origination FICO		Average Refreshed FICO
pre-2004	$	150,217		723		721	$	194,369		725		725
2004		17,349		712		712		22,720		713		694
2005		34,033		736		740		40,272		737		712
2006		62,053		731		724		79,367		730		711
2007		188,868		733		717		223,440		734		710
2008		86,441		741		709		102,074		741		714
Total	$	538,961		730		717	$	662,242		731		714

Note 4 – Loans (Continued)

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on December 31, 2014:

	Accruing								Non-Accruing
(Dollars in thousands)	Current		30-89 Days Past Due		90+ Days Past Due		Total Accruing		Current		30-89 Days Past Due		90+ Days Past Due		Total Non- Accruing		Total Loans
Commercial (C&I):
General C&I	$	7,477,410	$	3,196	$	218	$	7,480,824	$	636	$	1,726	$	17,279	$	19,641	$	7,500,465
Loans to mortgage companies		1,162,894		—		—		1,162,894		—		—		124		124		1,163,018
TRUPS (a)		325,882		—		—		325,882		—		—		12,845		12,845		338,727
Purchased credit-impaired loans		4,180		344		552		5,076		—		—		—		—		5,076
Total commercial (C&I)		8,970,366		3,540		770		8,974,676		636		1,726		30,248		32,610		9,007,286
Commercial real estate:
Income CRE		1,190,562		1,446		—		1,192,008		1,495		1,963		11,041		14,499		1,206,507
Residential CRE		34,541		183		—		34,724		—		—		857		857		35,581
Purchased credit-impaired loans		35,511		3		115		35,629		—		—		—		—		35,629
Total commercial real estate		1,260,614		1,632		115		1,262,361		1,495		1,963		11,898		15,356		1,277,717
Consumer real estate:
HELOC		2,347,361		26,738		11,093		2,385,192		66,410		6,628		11,108		84,146		2,469,338
R/E installment loans		2,524,019		11,951		5,602		2,541,572		27,330		3,268		5,888		36,486		2,578,058
Purchased credit-impaired loans		675		—		—		675		—		—		—		—		675
Total consumer real estate		4,872,055		38,689		16,695		4,927,439		93,740		9,896		16,996		120,632		5,048,071
Permanent mortgage		495,619		3,624		5,640		504,883		16,681		2,382		15,015		34,078		538,961
Credit card & other
Credit card		185,015		1,909		1,822		188,746		—		—		—		—		188,746
Other		167,272		1,137		203		168,612		—		—		763		763		169,375
Purchased credit-impaired loans		10		—		—		10		—		—		—		—		10
Total credit card & other		352,297		3,046		2,025		357,368		—		—		763		763		358,131
Total loans, net of unearned	$	15,950,951	$	50,531	$	25,245	$	16,026,727	$	112,552	$	15,967	$	74,920	$	203,439	$	16,230,166

(a) Total TRUPS includes LOCOM valuation allowance of $26.2 million.

Note 4 – Loans (Continued)

The following table reflects accruing and non-accruing loans by class on December 31, 2013:

	Accruing								Non-Accruing
(Dollars in thousands)	Current		30-89 Days Past Due		90+ Days Past Due		Total Accruing		Current		30-89 Days Past Due		90+ Days Past Due		Total Non- Accruing		Total Loans
Commercial (C&I):
General C&I	$	6,701,185	$	8,606	$	425	$	6,710,216	$	19,039	$	3,668	$	20,042	$	42,749	$	6,752,965
Loans to mortgage companies		790,463		—		—		790,463		—		—		146		146		790,609
TRUPS (a)		336,043		—		—		336,043		—		—		36,864		36,864		372,907
Purchased credit-impaired loans		5,710		—		1,385		7,095		—		—		—		—		7,095
Total commercial (C&I)		7,833,401		8,606		1,810		7,843,817		19,039		3,668		57,052		79,759		7,923,576
Commercial real estate:
Income CRE		1,030,910		5,822		—		1,036,732		4,339		395		11,688		16,422		1,053,154
Residential CRE		39,295		323		—		39,618		130		—		1,549		1,679		41,297
Purchased credit-impaired loans		34,786		2,964		1,078		38,828		—		—		—		—		38,828
Total commercial real estate		1,104,991		9,109		1,078		1,115,178		4,469		395		13,237		18,101		1,133,279
Consumer real estate:
HELOC		2,688,193		25,609		14,683		2,728,485		59,385		5,261		13,460		78,106		2,806,591
R/E installment loans		2,466,647		12,951		6,801		2,486,399		29,221		3,120		7,151		39,492		2,525,891
Purchased credit-impaired loans		889		—		—		889		—		—		—		—		889
Total consumer real estate		5,155,729		38,560		21,484		5,215,773		88,606		8,381		20,611		117,598		5,333,371
Permanent mortgage		606,707		11,235		6,129		624,071		14,868		952		22,351		38,171		662,242
Credit card & other
Credit card		182,798		1,792		1,369		185,959		—		—		—		—		185,959
Other		147,846		996		394		149,236		1,397		—		—		1,397		150,633
Purchased credit-impaired loans		14		—		—		14		—		—		—		—		14
Total credit card & other		330,658		2,788		1,763		335,209		1,397		—		—		1,397		336,606
Total loans, net of unearned	$	15,031,486	$	70,298	$	32,264	$	15,134,048	$	128,379	$	13,396	$	113,251	$	255,026	$	15,389,074

(a) Total TRUPS includes LOCOM valuation allowance of $29.4 million.

Troubled Debt Restructurings

As part of FHN’s ongoing risk management practices, FHN attempts to work with borrowers when necessary to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. FHN considers regulatory guidelines when restructuring loans to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan.

A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that FHN has granted a concession to the borrower. FHN may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of loan structures, business/industry risk, and borrower/guarantor structures. Concessions could include extension of the maturity date, reductions of the interest rate (which may make the rate lower than current market for a new loan with similar risk), reduction or forgiveness of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, FHN also considers whether the borrower has provided additional collateral or guarantors, among other things, and whether such additions adequately compensate FHN for the restructured terms. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management’s judgment is required when determining whether a modification is classified as a TDR.

For all classes within the commercial portfolio segment, TDRs are typically modified through forbearance agreements (generally 6 to 12 months). Forbearance agreements could include reduced interest rates, reduced payments, release of guarantor, or entering into short sale agreements. FHN’s proprietary modification programs for consumer loans are generally structured using parameters of U.S. government-sponsored programs such as Home Affordable Modification Program (“HAMP”). Within the HELOC and R/E installment loans classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments

Note 4 – Loans (Continued)

of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years the interest rate steps up 1 percent every year thereafter until it reaches the Federal Home Loan Mortgage Corporation Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance.

Despite the absence of a loan modification, the discharge of personal liability through bankruptcy proceedings is considered a concession and as a result, FHN classifies all non-reaffirmed residential real estate loans after bankruptcy as nonaccruing TDRs.

On December 31, 2014 and 2013, FHN had $331.3 million and $352.3 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $59.0 million and $64.6 million, or 18 percent as of December 31, 2014, and 18 percent as of December 31, 2013. Additionally, $80.1 million and $135.6 million of loans held-for-sale as of December 31, 2014 and 2013, respectively were classified as TDRs.

The following table reflects portfolio loans that were classified as TDRs during the years ended December 31, 2014 and 2013:

	2014						2013
(Dollars in thousands)	Number		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Commercial (C&I):
General C&I		4	$	1,767	$	1,492		13	$	17,968	$	17,784
Total commercial (C&I)		4		1,767		1,492		13		17,968		17,784
Commercial real estate:
Income CRE		2		421		421		5		4,221		4,187
Residential CRE		1		976		960		—		—		—
Total commercial real estate		3		1,397		1,381		5		4,221		4,187
Consumer real estate:
HELOC		309		27,078		27,514		354		26,606		26,224
R/E installment loans		151		10,050		9,958		426		30,400		30,104
Total consumer real estate		460		37,128		37,472		780		57,006		56,328
Permanent mortgage		34		9,362		8,879		49		18,716		19,184
Credit card & other		64		327		315		50		233		221
Total troubled debt restructurings		565	$	49,981	$	49,539		897	$	98,144	$	97,704

Note 4 – Loans (Continued)

The following table presents TDRs which re-defaulted during 2014 and 2013, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more plus days past due.

	2014			2013
		Recorded			Recorded
(Dollars in thousands)	Number	Investment		Number	Investment
Commercial (C&I):
General C&I	6	$	869	11	$	6,705
Total commercial (C&I)	6		869	11		6,705
Commercial real estate:
Income CRE	4		3,086	4		1,548
Residential CRE	—		—	1		33
Total commercial real estate	4		3,086	5		1,581
Consumer real estate:
HELOC	7		485	13		604
R/E installment loans	9		530	8		428
Total consumer real estate	16		1,015	21		1,032
Permanent mortgage	3		1,128	17		7,832
Credit card & other	2		4	17		65
Total troubled debt restructurings	31	$	6,102	71	$	17,215

The determination of whether a TDR is placed on nonaccrual status generally follows the same internal policies and procedures as other portfolio loans. However, FHN will typically place a consumer real estate loan on nonaccrual status if it is 30 or more days delinquent upon modification into a TDR. For commercial loans, nonaccrual TDRs that are reasonably assured of repayment according to their modified terms may be returned to accrual status by FHN upon a detailed credit evaluation of the borrower’s financial condition and prospects for repayment under the revised terms. For consumer loans, FHN’s evaluation supporting the decision to return a modified loan to accrual status includes consideration of the borrower’s sustained historical repayment performance for a reasonable period prior to the date on which the loan is returned to accrual status, which is generally a minimum of six months. FHN may also consider a borrower’s sustained historical repayment performance for a reasonable time prior to the restructuring in assessing whether the borrower can meet the restructured terms, as it may indicate that the borrower is capable of servicing the level of debt under the modified terms. Otherwise, FHN will continue to classify restructured loans as nonaccrual. Consistent with regulatory guidance, upon sustained performance and classification as a TDR over FHN’s year-end, the loan will be removed from TDR status as long as the modified terms were market-based at the time of modification.

Note 5 - Allowance for Loan Losses

The ALLL includes the following components: reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail loans, both determined in accordance with ASC 450-20-50. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics and are subject to qualitative adjustments by management to reflect current events, trends, and conditions (including economic considerations and trends). The pace of the economic recovery, performance of the housing market, unemployment levels, labor participation rate, the regulatory environment, regulatory guidance, and both positive and negative portfolio segment-specific trends, are examples of additional factors considered by management in determining the ALLL. Additionally, management considers the inherent uncertainty of quantitative models that are driven by historical loss data. Management evaluates the periods of historical losses that are the basis for the loss rates used in the quantitative models and selects historical loss periods that are believed to be the most reflective of losses inherent in the loan portfolio as of the balance sheet date. Management also periodically reviews analysis of the loss emergence period which is the amount of time it takes for a loss to be confirmed (initial charge-off) after a loss event has occurred. FHN performs extensive studies as it relates to the historical loss periods used in the model and the loss emergence period and model assumptions are adjusted accordingly.

The ALLL also includes reserves determined in accordance with ASC 310-10-35 for loans determined by management to be individually impaired and an allowance associated with PCI loans.

Commercial

For commercial loans, reserves are established using historical net loss factors by grade level, loan product, and business segment. An assessment of the quality of individual commercial loans is made utilizing credit grades assigned internally based on a dual grading system which estimates both the PD and loss severity in the event of default. PD grades range from 1-16 while estimated loss severities, or LGD grades, range from 1-12. This credit grading system is intended to identify and measure the credit quality of the loan portfolio by analyzing the migration of loans between grading categories. It is also integral to the estimation methodology utilized in determining the allowance for loan losses since an allowance is established for pools of commercial loans based on the credit grade assigned. The appropriate relationship team performs the process of categorizing commercial loans into the appropriate credit grades, initially as a component of the approval of the loan, and subsequently throughout the life of the loan as part of the servicing regimen. The proper loan grade for larger exposures is confirmed by a senior credit officer in the approval process. To determine the most appropriate credit grade for each loan, the credit risk grading system employs scorecards for particular categories of loans that consist of a number of objective and subjective measures that are weighted in a manner that produces a rank ordering of risk within pass-graded credits. Loan grading discipline is regularly reviewed by Credit Risk Assurance to determine if the process continues to result in accurate loan grading across the portfolio. FHN may utilize availability of guarantors/sponsors to support lending decisions during the credit underwriting process and when determining the assignment of internal loan grades.

Retail

The ALLL for smaller-balance homogenous retail loans is determined based on pools of similar loan types that have similar credit risk characteristics. FHN manages retail loan credit risk on a class basis. Reserves by portfolio are determined using segmented roll-rate models that incorporate various factors including historical delinquency trends, experienced loss frequencies, and experienced loss severities. Generally, reserves for retail loans reflect inherent losses in the portfolio that are expected to be recognized over the following twelve months.

Individually Impaired

Generally, classified nonaccrual commercial loans over $1 million and all commercial and consumer loans classified as TDRs are deemed to be impaired and are individually assessed for impairment measurement in accordance with ASC 310-10-35. For all commercial portfolio segments, TDRs and other individually impaired commercial loans are measured based on the present value of expected future payments discounted at the loan’s effective interest rate (the “DCF method”), observable market prices, or for loans that are solely dependent on the collateral for repayment, the net realizable value. For loans measured using the DCF method or by observable market prices, if the recorded investment in the impaired loan exceeds this amount, a specific allowance is established as a component of the ALLL until such time as a loss is expected and recognized; for impaired collateral-dependent loans, FHN will charge off the full difference between the book value and the best estimate of net realizable value. 

Generally, the allowance for TDRs in all consumer portfolio segments is determined by estimating the expected future cash flows using the modified interest rate (if an interest rate concession), incorporating payoff and net charge-off rates specific to the TDRs within the portfolio segment being assessed, and discounted using the pre-modification interest rate. The discount rates of variable rate TDRs are adjusted to reflect changes in the interest rate index to which the rates are tied. The discounted cash flows are then compared to the outstanding principal balance in order to determine required reserves. Residential real estate loans discharged through bankruptcy are collateral-dependent and are charged down to net realizable value.

Note 5 - Allowance for Loan Losses (Continued)

The following table provides a rollforward of the allowance for loan losses by portfolio segment for December 31, 2014, 2013, and 2012:

				Commercial			Consumer			Permanent			Credit Card
(Dollars in thousands)	C&I			Real Estate			Real Estate			Mortgage			and Other			Total
Balance as of January 1, 2012	$	130,413		$	55,586		$	165,077		$	26,194		$	7,081		$	384,351
Charge-offs (a)		(30,887	)		(19,977	)		(147,918	)		(13,604	)		(12,624	)		(225,010	)
Recoveries		11,151			4,475			17,770			3,024			3,202			39,622
Provision(b)		(14,486	)		(20,087	)		94,020			9,314			9,239			78,000
Balance as of December 31, 2012		96,191			19,997			128,949			24,928			6,898			276,963
Allowance - individually evaluated for impairment		17,799			156			35,289			21,713			203			75,160
Allowance - collectively evaluated for impairment		78,392			19,841			93,660			3,215			6,695			201,803
Loans, net of unearned as of December 31, 2012:
Individually evaluated for impairment		123,636			49,517			160,000			120,924			818			454,895
Collectively evaluated for impairment		8,673,320			1,118,718			5,528,703			644,659			288,287			16,253,687
Total loans, net of unearned	$	8,796,956		$	1,168,235		$	5,688,703		$	765,583		$	289,105		$	16,708,582
Balance as of January 1, 2013	$	96,191		$	19,997		$	128,949		$	24,928		$	6,898		$	276,963
Charge-offs		(22,936	)		(3,502	)		(73,642	)		(9,934	)		(11,404	)		(121,418	)
Recoveries		12,487			4,275			21,360			2,473			2,669			43,264
Provision		704			(10,167	)		50,118			5,024			9,321			55,000
Balance as of December 31, 2013		86,446			10,603			126,785			22,491			7,484			253,809
Allowance - individually evaluated for impairment		14,295			1,600			44,173			17,042			224			77,334
Allowance - collectively evaluated for impairment		72,132			8,218			82,601			5,449			7,258			175,658
Allowance - purchase credit impaired loans		19			785			11			—			2			817
Loans, net of unearned as of December 31, 2013:
Individually evaluated for impairment		80,231			27,812			170,422			121,458			545			400,468
Collectively evaluated for impairment		7,836,250			1,066,639			5,162,060			540,784			336,047			14,941,780
Purchased credit-impaired loans		7,095			38,828			889			—			14			46,826
Total loans, net of unearned	$	7,923,576		$	1,133,279		$	5,333,371		$	662,242		$	336,606		$	15,389,074
Balance as of January 1, 2014	$	86,446		$	10,603		$	126,785		$	22,491		$	7,484		$	253,809
Charge-offs		(20,492	)		(3,741	)		(45,391	)		(5,891	)		(14,931	)		(90,446	)
Recoveries		9,666			4,150			22,824			2,314			3,131			42,085
Provision		(8,609	)		7,562			8,793			208			19,046			27,000
Balance as of December 31, 2014		67,011			18,574			113,011			19,122			14,730			232,448
Allowance - individually evaluated for impairment		5,173			796			40,778			16,627			254			63,628
Allowance - collectively evaluated for impairment		61,806			14,702			72,156			2,495			14,476			165,635
Allowance - purchased credit-impaired loans		32			3,076			77			—			—			3,185
Loans, net of unearned as of December 31, 2014:
Individually evaluated for impairment		35,698			19,430			173,225			113,459			533			342,345
Collectively evaluated for impairment		8,966,512			1,222,658			4,874,171			425,502			357,588			15,846,431
Purchased credit-impaired loans		5,076			35,629			675			—			10			41,390
Total loans, net of unearned	$	9,007,286		$	1,277,717		$	5,048,071		$	538,961		$	358,131		$	16,230,166

(a) 2012 includes approximately $33 million of charge-offs associated with discharged bankruptcies, largely included in the consumer real estate portfolio segment.

(b) 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

Note 6 – Premises, Equipment and Leases

Premises and equipment on December 31 are summarized below:

(Dollars in thousands)	2014		2013
Land	$	76,667	$	75,593
Buildings		360,133		354,070
Leasehold improvements		32,404		38,303
Furniture, fixtures, and equipment		201,443		202,102
Premises and equipment, at cost		670,647		670,068
Less accumulated depreciation and amortization		367,651		364,824
Premises and equipment, net	$	302,996	$	305,244

FHN is obligated under a number of noncancelable operating leases for premises with terms up to 30 years, which may include the payment of taxes, insurance and maintenance costs. Operating leases for equipment are not material.

Minimum future lease payments for noncancelable operating leases, primarily on premises, on December 31, 2014 are shown below:

(Dollars in thousands)
2015	$	15,585
2016		13,835
2017		12,629
2018		10,917
2019		8,790
2020 and after		27,112
Total minimum lease payments	$	88,868

Payments required under capital leases are not material.

Aggregate minimum income under sublease agreements for these periods is not material.

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

(Dollars in thousands)	2014			2013			2012
Rent expense, gross	$	20,123		$	19,445		$	23,109
Sublease income		(213	)		(1,974	)		(3,365	)
Rent expense, net	$	19,910		$	17,471		$	19,744

Note 7 – Mortgage Servicing Rights

FHN recognizes all classes of mortgage servicing rights (“MSR”) at fair value. Classes of MSR are established based on market inputs used to determine the fair value of the servicing asset and FHN’s risk management practices. See Note 25 – Fair Value of Assets & Liabilities, the “Determination of Fair Value” section for a discussion of FHN’s MSR valuation methodology. In third quarter 2013, FHN agreed to sell substantially all remaining legacy mortgage servicing which resulted in de-recognition of substantially all first lien MSR by the end of first quarter 2014. Accordingly the rollforward of MSR is presented for 2013 only. See Note 23 – Derivatives for a discussion of how FHN hedged the fair value of MSR prior to signing the definitive sales agreement. The balance of MSR included on the Consolidated Statements of Condition represented the rights to service approximately $10 billion of mortgage loans on December 31, 2013.

Following is a summary of changes in capitalized MSR as of December 31, 2013:

(Dollars in thousands)	First Liens			Second Liens			HELOC			Total
Fair value on January 1, 2013	$	111,314		$	196		$	2,801		$	114,311
Reductions due to sales of MSRs		(39,633	)		—			—			(39,633	)
Reductions due to loan payments		(20,938	)		(80	)		(554	)		(21,572	)
Reductions due to exercise of cleanup calls		(495	)		—			—			(495	)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		20,184			—			—			20,184
Other changes in fair value		(91	)		45			44			(2	)
Fair value on December 31, 2013	$	70,341		$	161		$	2,291		$	72,793

The ending balance of MSR as of December 31, 2014 was $2.5 million. During 2014, FHN sold $70.2 million of first lien MSR. In 2013, MSR declined $41.5 million, primarily due to the transfer of servicing associated with the MSR sales, which more than offset a $20.1 million increase in value reflecting higher interest rates and the terms of the servicing sale agreement. The remaining decline in MSR was attributable to natural run-off. For the year ended December 31, 2014, servicing, late, and other ancillary fees recognized within mortgage banking income were $21.1 million and primarily represent previously unrecognized servicing fees in conjunction with servicing sales. Servicing, late, and other ancillary fees recognized within mortgage banking income were $41.9 million and $58.9 million for the years ended December 31, 2013 and 2012, respectively. Servicing, late, and other ancillary fees recognized within other income and commissions were $1.7 million and $2.0 million for the years ended December 31, 2013 and 2012, respectively. During 2013, FHN received annual servicing fees approximating .31 percent of the outstanding balance of underlying single-family residential mortgage loans and .34 percent inclusive of income related to excess interest.

Note 8 – Intangible Assets

The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Statements of Condition:

(Dollars in thousands)	Goodwill		Other Intangible Assets (a)
December 31, 2011	$	133,659	$	26,243
Amortization expense		—		(3,910	)
Additions		583		367
December 31, 2012	$	134,242	$	22,700
Amortization expense		—		(3,912	)
Additions (b)		7,701		3,200
December 31, 2013	$	141,943	$	21,988
Amortization expense		—		(4,170	)
Additions (b)		3,989		11,700
December 31, 2014	$	145,932	$	29,518

(a) Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.

(b) See Note 2 - Acquisitions & Divestures for further details regarding goodwill related to acquisitions.

The gross carrying amount of other intangible assets subject to amortization is $70.3 million on December 31, 2014, net of $40.8 million of accumulated amortization. Estimated aggregate amortization expense is expected to be $5.2 million, $5.0 million, $4.7 million, $4.5 million, and $4.2 million for the twelve-month periods of 2015, 2016, 2017, 2018, and 2019, respectively.

Note 8 – Intangible Assets (Continued)

The following is a summary of gross goodwill and accumulated impairment losses and write-offs detailed by reportable segments included in the Consolidated Statements of Condition through December 31, 2014. Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning on January 1, 2002, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized.

(Dollars in thousands)	Non-Strategic			Regional Banking		Capital Markets		Total
Gross goodwill	$	199,995		$	36,238	$	97,421	$	333,654
Accumulated impairments		(114,123	)		—		—		(114,123	)
Accumulated divestiture related write-offs		(85,872	)		—		—		(85,872	)
December 31, 2011	$	—		$	36,238	$	97,421	$	133,659
Additions		—			—		583		583
Impairments		—			—		—		—
Divestitures		—			—		—		—
Net change in goodwill during 2012		—			—		583		583
Gross goodwill	$	199,995		$	36,238	$	98,004	$	334,237
Accumulated impairments		(114,123	)		—		—		(114,123	)
Accumulated divestiture related write-offs		(85,872	)		—		—		(85,872	)
December 31, 2012	$	—		$	36,238	$	98,004	$	134,242
Additions		—			7,701		—		7,701
Impairments		—			—		—		—
Divestitures		—			—		—		—
Net change in goodwill during 2013		—			7,701		—		7,701
Gross goodwill	$	199,995		$	43,939	$	98,004	$	341,938
Accumulated impairments		(114,123	)		—		—		(114,123	)
Accumulated divestiture related write-offs		(85,872	)		—		—		(85,872	)
December 31, 2013	$	—		$	43,939	$	98,004	$	141,943
Additions		—			3,989		—		3,989
Impairments		—			—		—		—
Divestitures		—			—		—		—
Net change in goodwill during 2014		—			3,989		—		3,989
Gross goodwill	$	199,995		$	47,928	$	98,004	$	345,927
Accumulated impairments		(114,123	)		—		—		(114,123	)
Accumulated divestiture related write-offs		(85,872	)		—		—		(85,872	)
December 31, 2014	$	—		$	47,928	$	98,004	$	145,932

Note 9 – Time Deposit Maturities

Following is a table of maturities for time deposits outstanding on December 31, 2014, which include Certificates of deposit under $100,000, Other time, and Certificates of deposit $100,000 and more. Certificates of deposit $100,000 and more totaled $.4 billion on December 31, 2014. Time deposits are included in Interest-bearing deposits on the Consolidated Statements of Condition.

(Dollars in thousands)
2015	$	860,822
2016		137,356
2017		98,508
2018		82,457
2019		52,733
2020 and after		45,062
Total	$	1,276,938

Note 10 – Short-term Borrowings

Short-term borrowings include federal funds purchased and securities sold under agreements to repurchase, trading liabilities, and other borrowed funds.

Federal funds purchased and securities sold under agreements to repurchase generally have maturities of less than 90 days. Trading liabilities, which represent short positions in securities, are generally held for less than 90 days. Other short-term borrowings have original maturities of one year or less. On December 31, 2014, capital markets trading securities with a fair value of $172.9 million were pledged to secure other short-term borrowings.

The detail of these borrowings for the years 2014, 2013 and 2012 is presented in the following table:

(Dollars in thousands)	Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Trading Liabilities			Other Short-term Borrowings
2014
Average balance	$	1,101,910		$	447,801		$	633,867		$	531,984
Year-end balance		1,037,052			562,214			594,314			157,218
Maximum month-end outstanding		1,247,295			562,214			718,767			1,829,141
Average rate for the year		0.25	%		0.08	%		2.43	%		0.30	%
Average rate at year-end		0.25			0.06			2.60			0.56
2013
Average balance	$	1,263,792		$	487,923		$	665,095		$	299,288
Year-end balance		1,042,633			442,789			368,348			181,146
Maximum month-end outstanding		1,429,319			618,643			895,844			1,057,412
Average rate for the year		0.25	%		0.14	%		2.05	%		0.27	%
Average rate at year-end		0.25			0.10			2.46			0.43
2012
Average balance	$	1,548,020		$	380,871		$	589,461		$	450,690
Year-end balance		1,351,023			555,438			564,429			441,201
Maximum month-end outstanding		1,700,172			555,438			808,139			1,270,180
Average rate for the year		0.25	%		0.18	%		1.77	%		0.15	%
Average rate at year-end		0.25			0.15			1.88			0.25

Note 11 – 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)	2014		2013
First Tennessee Bank National Association:
Subordinated notes (a) (b)
Maturity date - January 15, 2015 -- 5.05%	$	304,525	$	317,714
Maturity date - April 1, 2016 -- 5.65%		264,667		276,273
Senior capital notes (b)
Maturity date - December 1, 2019 -- 2.95%		398,011		—
Other collateralized borrowings -- Maturity date - December 22, 2037
0.54% on December 31, 2014 and 2013 (c)		62,562		60,223
Federal Home Loan Bank borrowings (d)		—		2,390
First Horizon National Corporation:
Senior capital notes (b)
Maturity date - December 15, 2015 -- 5.375%		508,358		516,584
Subordinated notes (b)
Maturity date - April 15, 2034 -- 6.30%		212,474		192,014
FT Real Estate Securities Company, Inc.:
Cumulative preferred stock (a)
Maturity date - March 31, 2031 -- 9.50%		45,896		45,828
First Horizon ABS Trusts:
Other collateralized borrowings (e)
Maturity date - October 26, 2026
0.30% on December 31, 2013 (f)		—		98,631
Maturity date - September 25, 2029
0.30% on December 31, 2013 (f)		—		122,562
Maturity date - September 1, 2032
6.45% on December 31, 2013 (f)		—		8,783
Maturity date - October 25, 2034
0.33% on December 31, 2014 and 2013		65,612		80,857
First Tennessee New Markets Corporation Investments:
Maturity date - October 25, 2018 -- 4.97%		7,301		7,301
Maturity date - February 1, 2033 -- 4.97%		8,000		8,000
Maturity date - August 08, 2036 -- 2.38%		2,699		2,699
Total	$	1,880,105	$	1,739,859

(a) A portion qualifies for total capital under the risk-based capital guidelines.

(b) Changes in the fair value of debt attributable to interest rate risk is hedged. Refer to Note 23 – Derivatives.

(c) Secured by trust preferred loans.

(d) The Federal Home Loan Bank borrowings were issued with fixed interest rates and had remaining terms of 1 to 16 years at December, 31 2013. These borrowings had weighted average interest rate of 2.41 percent on December 31, 2013.

(e) On December 31, 2014 and 2013, borrowings secured by $76.8 million and $344.9 million, respectively, of residential real estate loans.

(f) In 2014, FHN resolved three previously consolidated on-balance sheet consumer loan securitizations and the collateralized borrowings were extinguished.

Note 11 – Term Borrowings (continued)

Annual principal repayment requirements as of December 31, 2014 are as follows:

(Dollars in thousands)
2015	$	804,000
2016		250,000
2017		—
2018		7,301
2019		400,000
2020 and after		392,058

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

In 2004 First Tennessee Capital II (“Capital II”), a Delaware business trust wholly owned by FHN, issued $200 million of Capital Securities, Series B at 6.30 percent per annum. The proceeds were loaned to FHN as junior subordinated debt. FHN has, through various contractual arrangements, fully and unconditionally guaranteed all of Capital II’s obligations with respect to the capital securities. The sole asset of Capital II is $206 million of junior subordinated debentures issued by FHN. These junior subordinated debentures also carry an interest rate of 6.30 percent. Both the capital securities of Capital II and the junior subordinated debentures of FHN will mature on April 15, 2034; however, FHN has the option to redeem both prior to maturity. The junior subordinated debentures are included in the Consolidated Statements of Condition in Term borrowings. At year end, the capital securities fully qualified as Tier 1 capital. Tier 1 capital treatment for these securities will begin phasing out in 2015 and will be entirely phased out in 2016.

Note 12 –Preferred Stock

FHN Preferred Stock

On January 31, 2013, FHN issued 1,000 shares having an aggregate liquidation preference of $100 million of Non-Cumulative Perpetual Preferred Stock, Series A for net proceeds of approximately $96 million. Dividends on the Series A Preferred Stock, if declared, accrue and are payable quarterly, in arrears, at a rate of 6.20 percent per annum. For the issuance, FHN issued depositary shares, each of which represents a 1/4000th fractional ownership interest in a share of FHN’s preferred stock. These securities qualify as Tier 1 capital.

Subsidiary Preferred Stock

In 2000 FT Real Estate Securities Company, Inc. (“FTRESC”), an indirect subsidiary of FHN, issued 50 shares of 9.50 percent Cumulative Preferred Stock, Class B (“Class B Preferred Shares”), with a liquidation preference of $1.0 million per share; of those, 47 shares were issued to nonaffiliates. These securities qualify as Tier 2 capital and are presented in the Consolidated Statements of Condition as Term borrowings. FTRESC is a real estate investment trust (“REIT”) established for the purpose of acquiring, holding, and managing real estate mortgage assets. Dividends on the Class B Preferred Shares are cumulative and are payable semi-annually.

The Class B Preferred Shares are mandatorily redeemable on March 31, 2031, and redeemable at the discretion of FTRESC in the event that the Class B Preferred Shares cannot be accounted for as Tier 2 regulatory capital or there is more than an insubstantial risk that dividends paid with respect to the Class B Preferred Shares will not be fully deductible for tax purposes. They are not subject to any sinking fund and are not convertible into any other securities of FTRESC, FHN, or any of its subsidiaries. The shares are, however, automatically exchanged at the direction of the Office of the Comptroller of the Currency for preferred stock of FTBNA, having substantially the same terms as the Class B Preferred Shares in the event FTBNA becomes undercapitalized, insolvent, or in danger of becoming undercapitalized.

FTRESC also has outstanding Cumulative Perpetual Preferred Stock, Class A, which has been recognized as Noncontrolling interest on the Consolidated Statements of Condition, along with Class B Cumulative Perpetual Preferred Stock issued by First Horizon Preferred Funding, Inc. and First Horizon Preferred Funding II, Inc. Other preferred shares are outstanding but are owned by FHN subsidiaries and are eliminated in consolidation. For all periods presented, the aggregate amount included within Noncontrolling interest related to preferred shares issued from these subsidiaries was $.3 million. On January 1, 2013, First Horizon Preferred Funding III, Inc. issued $.1 million of Cumulative Perpetual Preferred Stock, Class A, which is attributable to the noncontrolling interest-holders. During 2013, in connection with the acquisition of MNB, FHN obtained a controlling interest in a subsidiary of MNB which had issued Cumulative Perpetual Preferred Stock, Class A. This $.2 million non-controlling interest is now considered to be issued by First Horizon Preferred Lending IV, Inc.

In 2005 FTBNA issued 300,000 shares of Class A Non-Cumulative Perpetual Preferred Stock (“Class A Preferred Stock”) with a liquidation preference of $1,000 per share. Dividends on the Class A Preferred Stock, if declared, accrue and are payable each quarter, in arrears, at a floating rate equal to the greater of the three month LIBOR rate plus .85 percent or 3.75 percent per annum. These securities qualify as Tier 1 capital. On December 31, 2014 and 2013, $294.8 million of Class A Preferred Stock was recognized as Noncontrolling interest on the Consolidated Statements of Condition.

Note 13 – Regulatory Capital and Restrictions

Regulatory Capital. FHN is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on FHN’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, specific capital guidelines that involve quantitative measures of assets, liabilities, and certain derivatives as calculated under regulatory accounting practices must be met. Capital amounts and classification are also subject to qualitative judgment by the regulators about capital components, asset risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require FHN to maintain minimum amounts and ratios of Total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets (“Leverage”). Management believes that, as of December 31, 2014, FHN met all capital adequacy requirements to which it was subject.

The actual capital amounts and ratios of FHN and FTBNA are presented in the table below. In addition, FTBNA must also calculate its capital ratios after excluding financial subsidiaries as defined by the Gramm-Leach-Bliley Act of 1999. Based on this calculation, FTBNA’s Total Capital, Tier 1 Capital, and Leverage ratios were 16.59 percent, 15.77 percent, and 12.41 percent, respectively, on December 31, 2014, and were 16.84 percent, 15.43 percent, and 12.33 percent, respectively, on December 31, 2013.

	First Horizon National					First Tennessee Bank
	Corporation					National Association
(Dollars in thousands)	Amount		Ratio			Amount		Ratio
On December 31, 2014
Actual:
Total Capital	$	3,148,336		16.18	%	$	3,441,315		17.86	%
Tier 1 Capital		2,813,503		14.46			3,107,407		16.12
Leverage		2,813,503		11.43			3,107,407		12.72
Minimum Requirement for Capital Adequacy Purposes:
Total Capital		1,556,213		8.00			1,541,837		8.00
Tier 1 Capital		778,106		4.00			770,918		4.00
Leverage		985,033		4.00			977,374		4.00
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions:
Total Capital							1,927,296		10.00
Tier 1 Capital							1,156,378		6.00
Leverage							1,221,717		5.00
On December 31, 2013
Actual:
Total Capital	$	3,063,631		16.23	%	$	3,434,410		18.36	%
Tier 1 Capital		2,618,976		13.87			2,991,866		15.99
Leverage		2,618,976		11.04			2,991,866		12.71
Minimum Requirement for Capital Adequacy Purposes:
Total Capital		1,510,288		8.00			1,496,685		8.00
Tier 1 Capital		755,144		4.00			748,342		4.00
Leverage		949,181		4.00			941,641		4.00
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions:
Total Capital							1,870,856		10.00
Tier 1 Capital							1,122,514		6.00
Leverage							1,177,051		5.00

Regulatory capital balances are presented as originally reported. For regulatory purposes, each Report of Condition and Income covers a single discrete period and retroactive restatement of prior years’ Reports of Condition and Income is not permitted due to the adoption of a new accounting standard.

Restrictions on cash and due from banks. Under the Federal Reserve Act and Regulation D, FTBNA is required to maintain a certain amount of cash reserves. On December 31, 2014 and 2013, FTBNA’s required reserves were $125.9 million and $115.2 million, respectively. At the end of 2014 and 2013, this requirement was met with $150.8 million and $137.8 million in vault cash, respectively, in addition to Federal Reserve Bank deposits. Vault cash is reflected in Cash and due from banks on the Consolidated Statements of Condition and Federal Reserve Bank deposits are reflected as Interest-bearing cash.

Restrictions on dividends. Cash dividends are paid by FHN from its assets, which are mainly provided by dividends from its subsidiaries. Certain regulatory restrictions exist regarding the ability of FTBNA to transfer funds to FHN in the form of cash, dividends, loans, or advances. As of December 31, 2014, FTBNA had undivided profits of $1.0 billion, of which none was available

Note 13 – Regulatory Capital and Restrictions (continued)

for distribution to FHN as dividends without prior regulatory approval. At any given time, the pertinent portions of those regulatory restrictions allow FTBNA to declare preferred or common dividends without prior regulatory approval in an amount equal to FTBNA’s retained net income for the two most recent completed years plus the current year to date. For any period, FTBNA’s ‘retained net income’ generally is equal to FTBNA’s regulatory net income reduced by the preferred and common dividends declared by FTBNA. Excess dividends in either of the two most recent completed years may be offset with available retained net income in the two years immediately preceding it. Applying the applicable rules, FTBNA’s total amount available for dividends was negative $75.7 million at December 31, 2014 and positive $15.1 million on January 1, 2015. FTBNA applied for and received approval from the OCC to declare and pay common dividends to the parent company in the amount of $180.0 million in 2013 and 2014. During 2013 and 2014, FTBNA applied for and received approval from the OCC to declare and pay dividends on its preferred stock quarterly. Additionally, FTBNA’s Board has declared the dividends on its preferred stock outstanding payable in April 2015.

The payment of cash dividends by FHN and FTBNA may also be affected or limited by other factors, such as the requirement to maintain adequate capital above regulatory guidelines and debt covenants. Furthermore, the Federal Reserve and the OCC have issued policy statements generally requiring insured banks and bank holding companies only to pay dividends out of current operating earnings. Consequently, the decision of whether FHN will pay future dividends and the amount of dividends will be affected by current operating results.

Restrictions on intercompany transactions. Under current Federal banking law, banking subsidiaries may not extend credit to any affiliate including the parent company and certain financial subsidiaries in excess of 10 percent of the bank’s capital stock and surplus, as defined, or $344.0 million, on December 31, 2014. The equity investment, including retained earnings, in certain of a bank’s financial subsidiaries is also treated as a covered transaction. The parent company had covered transactions of $.9 million from FTBNA and the bank’s financial subsidiary, FTN Financial Securities Corp., had a total equity investment from FTBNA of $365.8 million on December 31, 2014. Since the equity investment FTBNA has in FTN Financial Securities Corp. exceeds the 10 percent per affiliate limit, FTBNA cannot engage in any additional covered transactions with this affiliate and the banking regulators could require FTBNA to reduce its equity investment so that it is within the limit. In addition, the aggregate amount of covered transactions with all affiliates, as defined, is limited to 20 percent of the bank’s capital stock and surplus, as defined, or $688.0 million, on December 31, 2014. FTBNA’s total covered transactions with all affiliates including the parent company on December 31, 2014 were $366.7 million.

Note 14 – Other Income and Other Expense

Following is detail of All other income and commissions and All other expense as presented in the Consolidated Statements of Income:

(Dollars in thousands)	2014			2013		2012
All other income and commissions:
ATM interchange fees	$	10,943		$	10,412	$	10,528
Electronic banking fees		6,190			6,289		6,537
Letter of credit fees		4,864			5,081		5,158
Deferred compensation		2,042			4,685		4,461
Gain/(loss) on extinguishment of debt		(4,166	)		—		—
Other		12,390			13,874		20,257
Total	$	32,263		$	40,341	$	46,941
All other expense:
Other insurance and taxes	$	12,900		$	12,598	$	10,734
Travel and entertainment		9,095			8,959		8,366
Customer relations		5,726			4,916		4,578
Employee training and dues		4,518			5,054		4,525
Supplies		3,745			3,800		3,752
Miscellaneous loan costs		2,690			4,209		4,126
Tax credit investments		2,087			2,021		4,478
Litigation and regulatory matters		(2,720	)		63,654		33,313
Other		41,952			32,579		41,195
Total	$	79,993		$	137,790	$	115,067

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Note 15 – Components of Other Comprehensive Income/(loss)

Following is detail of “Accumulated other comprehensive income/(loss)” as presented in the Consolidated Statements of Condition:

(Dollars in thousands)	Before-Tax Amount			Tax Benefit/ (Expense)			Accumulated Other Comprehensive Income/(Loss)
December 31, 2011							$	(130,156	)
Other comprehensive income:
Fair value adjustments on securities available-for-sale	$	(19,016	)	$	7,397			(11,619	)
Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss)		(328	)		128			(200	)
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period		(45,110	)		17,906			(27,204	)
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		37,867			(15,031	)		22,836
December 31, 2012		(26,587	)		10,400			(146,343	)
Other comprehensive income:
Fair value adjustments on securities available-for-sale		(108,703	)		41,935			(66,768	)
Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss)		451			(174	)		277
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period		81,456			(31,392	)		50,064
Prior service credit/(cost) arising during the period		10,678			(4,115	)		6,563
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		10,085			(3,887	)		6,198
December 31, 2013		(6,033	)		2,367			(150,009	)
Other comprehensive income:
Fair value adjustments on securities available-for-sale		47,957			(18,135	)		29,822
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period		(115,976	)		44,803			(71,173	)
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		5,075			(1,961	)		3,114
December 31, 2014	$	(62,944	)	$	24,707		$	(188,246	)

Note 16 – Income Taxes

The aggregate amount of income taxes included in the Consolidated Statements of Income and the Consolidated Statements of Equity for the years ended December 31, were as follows:

(Dollars in thousands)	2014			2013			2012
Consolidated Statements of Income:
Income tax expense/(benefit) related to continuing operations	$	84,185		$	(19,389	)	$	(72,028	)
Income tax expense/(benefit) related to discontinued operations		—			343			93
Consolidated Statements of Equity:
Income tax expense/(benefit) related to:
Pension and postretirement plans		(42,842	)		39,394			(2,875	)
Unrealized gains/(losses) on investment securities available-for-sale		18,135			(41,761	)		(7,525	)
Share-based compensation		7,220			1,569			4,140
Total	$	66,698		$	(19,844	)	$	(78,195	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

The components of income tax expense/(benefit) related to continuing operations for the years ended December 31, were as follows:

(Dollars in thousands)	2014			2013			2012
Current:
Federal	$	83,916		$	2,971		$	6,895
State		(3,461	)		(13,792	)		(9,725	)
Foreign		1			10			33
Deferred:
Federal		(157	)		4,771			(58,742	)
State		3,872			(13,312	)		(10,488	)
Foreign		14			(37	)		(1	)
Total	$	84,185		$	(19,389	)	$	(72,028	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

A reconciliation of expected income tax expense/(benefit) at the federal statutory rate of 35 percent to the total income tax expense from continuing operations follows:

(Dollars in thousands)	2014			2013			2012
Federal income tax rate		35	%		35	%		35	%
Tax computed at statutory rate	$	111,381		$	6,451		$	(30,635	)
Increase/(decrease) resulting from:
State income taxes		8,786			(2,138	)		(3,587	)
Bank owned life insurance (“BOLI”)		(6,671	)		(6,646	)		(7,428	)
401(k) - employee stock ownership plan (“ESOP”)		(659	)		(568	)		(155	)
Tax-exempt interest		(5,798	)		(5,094	)		(4,469	)
Non-deductible expenses		829			963			1,175
LIHTC qualifying investments		2,284			8,834			7,625
Tax credits		(11,392	)		(13,340	)		(18,125	)
Subsidiary liquidation		—			—			(6,733	)
Change in valuation allowance - DTA		(13,168	)		(4,427	)		—
Other changes in unrecognized tax benefits		(1,570	)		(5,106	)		(8,981	)
Other		163			1,682			(715	)
Total	$	84,185		$	(19,389	)	$	(72,028	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Note 16 – Income Taxes (continued)

A deferred tax asset (“DTA”) or deferred tax liability (“DTL”) is recognized for the tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax consequence is calculated by applying enacted statutory tax rates, applicable to future years, to these temporary differences. In order to support the recognition of the DTA, FHN’s management must believe that the realization of the DTA is more likely than not. FHN evaluates the likelihood of realization of the DTA based on both positive and negative evidence available at the time, including (as appropriate) scheduled reversals of DTLs, projected future taxable income, tax planning strategies, and recent financial performance. Realization is dependent on generating sufficient taxable income prior to the expiration of the carryforwards attributable to the DTA. In projecting future taxable income, FHN incorporates assumptions including the estimated amount of future state and federal pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates used to manage the underlying business.

As of December 31, 2014, the gross DTA is $391.2 million. The gross DTL is $86.0 million as of December 31, 2014. Management has assessed the ability to realize the gross DTA based on positive and negative evidence and on the basis of this evaluation, a valuation allowance of $44.6 million was recorded as of December 31, 2014. The valuation allowance is primarily attributable to capital loss carryforwards of $44.4 million. Management believes it is more likely than not that the benefit of the capital loss carryover to 2015 will not be realized because there is uncertainty as to whether FHN will generate capital gains over the five year carryforward period. The DTA after the valuation allowance is $346.6 million as of December 31, 2014. Although realization is not assured, FHN believes that its ability to realize the net DTA is more likely than not.

Temporary differences which gave rise to deferred tax assets and deferred tax liabilities on December 31, 2014 and 2013 were as follows:

(Dollars in thousands)	2014			2013
Deferred tax assets:
Loss reserves	$	100,569		$	94,170
Employee benefits		136,007			97,246
Investment in partnerships		2,075			2,032
Foreclosed property		1,205			901
Accrued expenses		31,613			25,158
Investment in AFS securities		—			6,874
Capital loss carryforwards		44,445			51,876
Credit carryforwards		39,196			98,919
Federal NOL carryforwards		—			4,184
State NOL carryforwards		15,279			29,422
Unrecognized tax benefits		1,915			3,103
Other		18,902			21,760
Gross deferred tax assets		391,206			435,645
Valuation allowance		(44,584	)		(57,752	)
Deferred tax assets after valuation allowance	$	346,622		$	377,893
Deferred tax liabilities:
Capitalized mortgage servicing rights	$	337		$	25,245
Depreciation and amortization		22,353			46,209
Federal Home Loan Bank stock		9,383			17,426
Investment in AFS securities		11,639			—
Other intangible assets		30,888			28,417
Prepaid expenses		9,874			9,752
Other		1,570			2,958
Gross deferred tax liabilities		86,044			130,007
Net deferred tax assets	$	260,578		$	247,886

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

The total unrecognized tax benefits (“UTB”) at December 31, 2014 and December 31, 2013, was $5.2 million and $6.6 million, respectively. FHN is currently in audit in several jurisdictions. It is reasonably possible that the UTB could decrease by $2.1 million during 2015 if audits are completed and settled and if the applicable statutes of limitations expire as scheduled. FHN recognizes

Note 16 – Income Taxes (continued)

interest accrued and penalties related to UTB within income tax expense. FHN had approximately $.9 million and $2.0 million accrued for the payment of interest as of December 31, 2014 and December 31, 2013, respectively.

The rollforward of unrecognized tax benefits is shown below:
(Dollars in thousands)
Balance at December 31, 2012	$	17,638
Increases related to prior year tax positions		—
Decreases related to prior year tax positions		(1,688	)
Settlements		(7,386	)
Lapse of statutes		(1,943	)
Balance at December 31, 2013	$	6,621
Increases related to prior year tax positions		960
Increases related to current year tax positions		868
Lapse of statutes		(3,242	)
Balance at December 31, 2014	$	5,207

Note 17 – Earnings Per Share

The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders:

(Dollars in thousands)	2014		2013		2012
Income/(loss) from continuing operations	$	234,046	$	37,821	$	(15,500	)
Income/(loss) from discontinued operations, net of tax		—		548		148
Net income/(loss)		234,046		38,369		(15,352	)
Net income attributable to noncontrolling interest		11,527		11,465		11,464
Net income/(loss) attributable to controlling interest		222,519		26,904		(26,816	)
Preferred stock dividends		6,200		5,838		—
Net income/(loss) available to common shareholders	$	216,319	$	21,066	$	(26,816	)
Income/(loss) from continuing operations	$	234,046	$	37,821	$	(15,500	)
Net income attributable to noncontrolling interest		11,527		11,465		11,464
Preferred stock dividends		6,200		5,838		—
Net income/(loss) from continuing operations available to common shareholders	$	216,319	$	20,518	$	(26,964	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

The component of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was $222.5 million, $26.4 million and $(27.0) million during the years ended December 31, 2014, 2013, and 2012, respectively.

The following table provides a reconciliation of weighted average common shares to diluted average common shares:

(Shares in thousands)	2014		2013		2012
Weighted average common shares outstanding - basic		234,997		237,972		248,349
Effect of dilutive securities		1,738		1,822		—
Weighted average common shares outstanding - diluted		236,735		239,794		248,349

The following tables show earnings/(loss) per common and diluted share:

Earnings/(loss) per common share:	2014		2013		2012
Income/(loss) per share from continuing operations available to common shareholders	$	0.92	$	0.09	$	(0.11	)
Income/(loss) per share available to common shareholders	$	0.92	$	0.09	$	(0.11	)
Diluted earnings/(loss) per common share:
Diluted income/(loss) per share from continuing operations available to common shareholders	$	0.91	$	0.09	$	(0.11	)
Diluted income/(loss) per share available to common shareholders	$	0.91	$	0.09	$	(0.11	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

For the years ended December 31, 2014 and 2013, the dilutive effect for all potential common shares was 1.7 million and 1.8 million, respectively. Due to the net loss attributable to common shareholders for the year ended December 31, 2012, no potentially dilutive shares were included in the loss per share calculation as including such shares would have been antidilutive. Stock options of 4.6 million, 7.9 million and 10.0 million with weighted average exercise prices of $23.46, $21.95, and $22.07 per share for the years ended December 31, 2014, 2013 and 2012, respectively, were excluded from diluted shares because including such shares would be antidilutive. Other equity awards of 3.5 million for the year ended December 31, 2012 were excluded from diluted shares because including such shares would have been antidilutive.

Note 18 – Contingencies and Other Disclosures

Contingencies

General

Contingent liabilities arise in the ordinary course of business. Often they are related to lawsuits, arbitration, mediation, and other forms of litigation. Various litigation matters are threatened or pending against FHN and its subsidiaries. Also, FHN at times receives requests for information, subpoenas, or other inquiries from federal, state, and local regulators, from other government authorities, and from other parties concerning various matters relating to FHN’s current or former lines of business. Certain matters of that sort are pending at this time, and FHN is cooperating in those matters. Pending and threatened litigation matters sometimes are resolved in court or before an arbitrator, and sometimes are settled by the parties. Regardless of the manner of resolution, frequently the most significant changes in status of a matter occur over a short time period, often following a lengthy period of little substantive activity. In view of the inherent difficulty of predicting the outcome of these matters, particularly where the claimants seek very large or indeterminate damages, or where the cases present novel legal theories or involve a large number of parties, or where claims or other actions may be possible but have not been brought, FHN cannot reasonably determine what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters may be, or what the eventual loss or impact related to each matter may be. FHN establishes loss contingency liabilities for litigation matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. A liability generally is not established when loss for a matter either is not probable or its amount is not reasonably estimable. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance requires a liability to be established at the low end of the range.

Disclosure in this Note is provided in respect of several types of matters. (a) Disclosure is provided for each matter as to which FHN has determined that material loss is probable, which can include matters for which material loss liability has been established as of period-end and matters for which the amount of loss is not reasonably estimable. (b) Disclosure of an aggregate range of reasonably possible loss (“RPL”) associated with contingent liabilities is provided as to matters where there is more than a remote chance of an estimable, material loss outcome for FHN in excess of currently established loss liabilities, whether or not those established loss liabilities are material. Additional disclosure is provided for certain of those matters. (c) Disclosure is provided for several loss contingency litigation matters related to FHN’s former mortgage securitizations not falling within loss categories (a) or (b).

Based on current knowledge, and after consultation with counsel, management is of the opinion that loss contingencies related to threatened or pending litigation matters should not have a material adverse effect on the consolidated financial condition of FHN, but may be material to FHN’s operating results for any particular reporting period depending, in part, on the results from that period.

Litigation – Loss Contingencies

As used in this Note, “material loss contingency matters” generally fall into at least one of the following categories: (i) FHN has determined material loss to be probable and has established a material loss liability in accordance with applicable financial accounting guidance, other than matters reported as having been substantially settled or otherwise substantially resolved; (ii) FHN has determined material loss to be probable but is not reasonably able to estimate an amount or range of material loss liability; or (iii) FHN has determined that material loss is not probable but is reasonably possible, and that the amount or range of that material loss is estimable. As defined in applicable accounting guidance, loss is reasonably possible if there is more than a remote chance of a material loss outcome for FHN. Set forth below are disclosures for certain pending or threatened litigation matters, including all matters mentioned in clauses (i) or (ii) and certain matters mentioned in (iii). In addition, certain other matters are discussed relating to FHN’s former mortgage origination and servicing businesses. In all litigation matters discussed, unless settled or otherwise resolved, FHN believes it has meritorious defenses and intends to pursue those defenses vigorously.

FHN reassesses the liability for litigation matters each quarter as the matters progress. At December 31, 2014, the aggregate amount of liabilities established for all material loss contingency matters was $56.2 million. Of the matters discussed under the heading “First Horizon Branded Mortgage Securitization Litigation Matters” below, only the Charles Schwab suit is among those matters for which a liability has been established. The liabilities discussed in this paragraph are separate from those discussed under the heading “Established Repurchase Liability” below.

In each material loss contingency matter, except as otherwise noted, there is a more than slight chance that each of the following outcomes will occur: the plaintiff will substantially prevail; the defense will substantially prevail; the plaintiff will prevail in part; or the matter will be settled by the parties. At December 31, 2014, FHN estimates that for all material loss contingency matters, estimable reasonably possible losses in future periods in excess of currently established liabilities could aggregate in a range from zero to approximately $120 million. Of those matters discussed under the heading “First Horizon Branded Mortgage Securitization Litigation Matters,” only the Charles Schwab and the two FDIC suits are included in that range.

Note 18 – Contingencies and Other Disclosures (Continued)

As a result of the general uncertainties discussed above and the specific uncertainties discussed for each matter mentioned below, it is possible that the ultimate future loss experienced by FHN for any particular matter may materially exceed the amount, if any, of currently established liability for that matter. That possibility exists both for matters included in the RPL estimated range mentioned above and for matters not included in that range.

Certain Matters Included in Reasonably Possible Loss Range

Debit Transaction Sequencing Litigation Matter. FTBNA is a defendant in a putative class action lawsuit concerning overdraft fees charged in connection with debit card transactions. A key claim is that the method used to order or sequence the transactions posted each day was improper. The case is styled as Hawkins v. First Tennessee Bank National Association, before the Circuit Court for Shelby County, Tennessee, Case No. CT-004085-11. The plaintiff seeks actual damages of at least $5 million, unspecified restitution of fees charged, and unspecified punitive damages, among other things. FHN’s estimate of reasonably possible loss for this matter is subject to significant uncertainties regarding: whether a class will be certified and, if so, the definition of the class; claims as to which no dollar amount is specified; the potential remedies that might be available or awarded; the ultimate outcome of potentially significant motions such as motions to dismiss, or for summary judgment; and the incomplete status of the discovery process.

RPL-Included First Horizon Branded Mortgage Securitization Litigation Matters. Several pending litigation matters are discussed under the heading “First Horizon Branded Mortgage Securitization Litigation Matters” below. For certain of those FHN has been able to estimate reasonably possible loss. Those estimable matters are the Charles Schwab, FDIC (NY), and FDIC (AL) cases. The estimates for those matters are included in the range of reasonably possible loss discussed above. The estimates are subject to significant uncertainties regarding: the dollar amounts claimed; the potential remedies that might be available or awarded; the outcome of any settlement discussions; the outcome of potentially significant motions; the availability of significantly dispositive defenses; the identity and value of assets that FHN may be required to repurchase to the extent asset repurchase is sought; the incomplete status of the discovery process; and the lack of precedent claims.

Certain Matters Not Included in Reasonably Possible Loss Range

RPL-Excluded First Horizon Branded Mortgage Securitization Litigation Matters. Several pending litigation matters are discussed under the heading “First Horizon Branded Mortgage Securitization Litigation Matters” below. For certain of those FHN has been able to estimate reasonably possible loss as mentioned in the preceding paragraph, and for others FHN has not. Those matters for which RPL currently is not estimable are the FHLB of San Francisco, Metropolitan Life, Royal Park, and Integra REC indemnity cases. FHN is unable to estimate a range of reasonably possible loss due to significant uncertainties regarding: claims as to which the claimant specifies no dollar amount; the potential remedies that might be available or awarded; the availability of significantly dispositive defenses such as statutes of limitations or repose; the outcome of potentially dispositive early-stage motions such as motions to dismiss; the identity and value of assets that FHN may be required to repurchase for those claims seeking asset repurchase; the incomplete status of the discovery process; the lack of a precise statement of damages; and lack of precedent claims.

Inquiry Regarding FHA-Insured Loans. Since second quarter 2012 FHN has been cooperating with the U.S. Department of Justice (“DOJ”) and the Office of the Inspector General for the Department of Housing and Urban Development (“HUD”) in a civil investigation regarding compliance with requirements relating to certain residential mortgage loans insured by the Federal Housing Administration (“FHA”). HUD has reviewed a small sample of loans from the period being investigated. FHN has cooperated in the investigation, and discussions between the parties are continuing. The investigation could lead to a demand or claim under the federal False Claims Act and the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which allow treble and other special damages substantially in excess of actual losses. Currently FHN is not able to predict the eventual outcome of this matter. In anticipation of future substantive discussions between the parties, a liability has been established for this matter. However, FHN continues to be unable to estimate a range of reasonably possible loss in excess of established liabilities due to significant uncertainties regarding: the potential remedies, including any amount of enhanced damages, that might be available or awarded; the availability of significantly dispositive defenses; and the limited number of reported precedent claims and resolutions (involving other banking organizations) combined with a lack of underlying data connected with those resolutions.

The investigation has focused on loans originated by FHN on or after January 1, 2006. FHA-insured originations from January 1, 2006 through the August 31, 2008 divestiture of FHN’s national mortgage platform totaled 47,817 loans with an aggregate original principal balance of $8.2 billion. The amount of FHA-insured originations each year declined substantially following the divestiture.

First Horizon Branded Mortgage Securitization Litigation Matters

Prior to September 2008 FHN originated and sold home loan products through various channels and conducted its servicing business under the First Horizon Home Loans and First Tennessee Mortgage Servicing brands. Those sales channels included the securitization of loans into pools held by trustees and the sale of the resulting securities, sometimes called “certificates,” to investors. These activities are discussed in more detail below under the heading “Legacy Home Loan Sales and Servicing.”

Note 18 – Contingencies and Other Disclosures (Continued)

At the time this report is filed, FHN, along with multiple co-defendants, is defending several lawsuits brought by investors which claim that the offering documents under which certificates relating to First Horizon branded securitizations (“FH proprietary securitizations”) were sold to them were materially deficient. The plaintiffs and venues of these suits are: (1) Charles Schwab Corp. in the Superior Court of San Francisco, California (Case No. 10-501610); (2) Federal Deposit Insurance Corporation (“FDIC”) as receiver for Colonial Bank, in the U.S. District Court for the Middle District of Alabama (Case No. CV-12-791-WKW-WC); and (3) FDIC as a receiver for Colonial Bank, in the U.S. District Court for the Southern District of New York (Case No. 12 Civ. 6166 (LLS)(MHD)). The plaintiffs in the pending suits claim to have purchased certificates in a number of separate FH proprietary securitizations and demand that FHN repurchase their investments, or answer in damages or rescission, among other remedies sought.

In some of the pending suits underwriters are co-defendants and have demanded, under provisions in the applicable underwriting agreements, that FHN indemnify them for their expenses and any losses they may incur. In addition, FHN has received indemnity demands from underwriters in certain other suits as to which investors claim to have purchased senior certificates in FH proprietary securitizations. FHN has not been named a defendant in these suits, which FHN is defending indirectly as indemnitor. The plaintiffs and venues of these other suits are: (4) FHLB of San Francisco, in the Superior Court of San Francisco County, California (Case No. CGC-10-497840); (5) Metropolitan Life Insurance Co., in the Supreme Court of New York County, New York (No. 651360-2012); (6) Royal Park Invs. SA/NV, in the Supreme Court of New York County, New York (No. 652607-2012); and (7) Commonwealth of Virginia ex rel. Integra REC LLC, in the Circuit Court for the City of Richmond (No. CL14-399).

Details concerning the original purchase amounts and ending balances of the investments at issue in most of these pending suits, as to which FHN is a named defendant or as to which FHN has an agreement to indemnify an underwriter defendant, are set forth below. Information about the performance of the FH proprietary securitizations related to these suits is available in monthly reports published by the trustee for the securitization trusts. FHN believes that certain plaintiffs did not purchase the entire certificate in the securitizations in which they invested. Reporting by the trustee is at a certificate level and, as a result, ending certificate balances in the following table were adjusted to reflect FHN’s estimate of the ending balance of each partial certificate purchased by these plaintiffs.Plaintiffs in the pending lawsuits claim to have purchased a total of $225.7 million of certificates and the purchase prices of the certificates subject to the indemnification requests total $331.4 million. “Senior” and “Junior” refer to the ranking of the investments in broad terms; in most cases the securitization provided for sub-classifications within the Senior or Junior groups. Excluded from the information above and the table below is information related to the Integra case. Although FHN is aware that one of its Alt-A securitizations from 2005 is at issue in Integra, FHN does not know which certificate(s), or portion(s) of certificate(s), are involved.

	Alt-A				Jumbo
(Dollars in thousands)	Senior		Junior		Senior		Junior
Vintage
Original Purchase Price:
2005	$	200,117	$	—	$	30,000	$	—
2006		77,906		—		—		—
2007		199,012		—		50,000		—
Total	$	477,035	$	—	$	80,000	$	—
Ending Balance per the December 25, 2014, trust statements:
2005	$	51,564	$	—	$	10,342	$	—
2006		33,066		—		—		—
2007		86,038		—		14,711		—
Total	$	170,668	$	—	$	25,053	$	—

If FHN were to repurchase certificates, it would recognize as a loss the difference between the amount paid (adjusted for any related litigation liability previously established) and the fair value of the certificates at that time.

The total ending certificate balance of the investments which are the subject of the current pending lawsuits was $195.7 million as reported on the December 25, 2014, trust statements, with approximately 85 percent of the remaining balances performing. Cumulative losses on the investments which are the subject of the remaining lawsuits, as reported on the trust statements, represent approximately 6 percent of the original principal amount underlying the certificates purchased. Ending certificate balances reflect the remaining principal balance on the certificates, after the monthly principal and interest distributions and after reduction for applicable cumulative and current realized losses. Recognized cumulative losses may not take into account all outstanding principal and interest amounts advanced by the servicer due to nonpayment by the borrowers; reimbursement of those advances to the servicer may increase cumulative losses. Losses often are reported by the trustee based on each certificate within a pool or group, which limits FHN’s ability to ascertain losses at the individual investor level.

Note 18 – Contingencies and Other Disclosures (Continued)

As discussed below under “Legacy Home Loan Sales and Servicing,” similar claims may be pursued by other investors, and loan repurchase, make-whole, or indemnity claims may be pursued by securitization trustees or other parties to transactions seeking indemnity. At December 31, 2014, except for the Charles Schwab case, FHN had not recognized a liability for exposure for investment rescission or damages arising from the foregoing or other potential claims by investors that the offering documents under which the loans were securitized were materially deficient, nor for exposure for repurchase of loans arising from potential claims that FHN breached its representations and warranties made in FH proprietary securitizations at closing.

Legacy Home Loan Sales and Servicing

Overview

Prior to September 2008, as a means to provide liquidity for its legacy mortgage banking business, FHN originated loans through its legacy mortgage business, primarily first lien home loans, with the intention of selling them. Predominantly mortgage loans were intended to be sold without recourse for credit default. Sales typically were effected either as non-recourse whole-loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residential mortgage loans were sold predominately to two GSEs: the Federal National Mortgage Association (“Fannie Mae,” “Fannie,” or “FNMA”), and the Federal Home Loan Mortgage Corporation (“Freddie Mac,” “Freddie,” or “FHLMC”). Federally insured or guaranteed whole-loans were pooled, and payments to investors were guaranteed through the Government National Mortgage Association (“Ginnie Mae,” “Ginnie,” or “GNMA”). Collectively, Fannie Mae, Freddie Mac, and Ginnie Mae are referred to as the “Agencies.” Many mortgage loan originations, especially those “nonconforming” mortgage loans that did not meet criteria for whole-loan sales to the GSEs or insurance through Ginnie Mae, were sold to investors, or certificate-holders, predominantly through First Horizon (“FH”) branded proprietary securitizations but also, to a lesser extent, through whole-loan sales to private non-Agency purchasers. In addition, FHN originated with the intent to sell and sold HELOCs and second lien mortgages through whole-loan sales to private purchasers and, to a lesser extent, through FH proprietary securitizations.

On August 31, 2008 FHN sold its national mortgage origination and servicing platforms along with a portion of its servicing assets and obligations. This is sometimes referred to as the “2008 sale,” the “2008 divestiture,” the “platform sale,” or other similar terms. FHN contracted to have its remaining servicing obligations sub-serviced. Since the 2008 platform sale FHN has sold substantially all remaining servicing assets and obligations.

Loans Sold With Full or Limited Recourse

FHN also sold certain Agency mortgage loans with full recourse under agreements to repurchase the loans upon default. Loans sold with full recourse generally included mortgage loans sold to investors in the secondary market which were uninsurable under government mortgage loan programs due to issues associated with underwriting activities, documentation, or other concerns. For mortgage insured single-family residential loans, in the event of borrower nonperformance, FHN would assume losses to the extent they exceed the value of the collateral and private mortgage insurance (“MI”), the FHA insurance, or the Veteran’s Administration (“VA”) guaranty. FHN may absorb losses on these loans due to uncollected interest and foreclosure costs but has limited risk of credit losses in the event of foreclosure of the mortgage loan sold. Generally, the amount of recourse liability in the event of foreclosure is determined based upon the respective government program and/or the sale or disposal of the foreclosed property collateralizing the mortgage loan.

FHN also has potential loss exposure from claims that FHN violated FHA or VA requirements related to the origination of the loans and insurance or guarantee claims filed after origination in relation to the loans. Additional information concerning a pending investigation related to FHA-insured lending is provided in “Inquiry Regarding FHA-Insured Loans” above.

Unless otherwise noted, the remaining discussion under this section, “Legacy Home Loan Sales and Servicing,” excludes information concerning full or limited recourse loan sales.

Agency Whole-Loan Sales

Even though Agency loans were sold without recourse for credit loss, FHN may be obligated to either repurchase a loan for the unpaid principal balance (“UPB”) or make the purchaser whole for the economic loss incurred if FHN breached representations or warranties made by FHN to the purchaser at the time of the sale. Such representations and warranties typically covered both substantive and process matters, such as the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers. Since the mortgage platform sale in 2008 through December 31, 2014, Agencies, primarily the two GSEs, have accounted for the vast majority of repurchase/make-whole claims received.

In the fourth quarter of 2013 FHN entered into a definitive resolution agreement (“DRA”) with Fannie Mae, and in the first quarter of 2014 FHN entered into a DRA with Freddie Mac, in each case resolving certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer serviced at the time of the DRA. Under each DRA, FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects

Note 18 – Contingencies and Other Disclosures (Continued)

and violations of the GSE’s Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancellations, and denials. With respect to loans where there has been a prior bulk sale of servicing, FHN is not responsible for mortgage insurance cancellations and denials to the extent attributable to the acts of the current servicer.

As a result of the DRAs, the repurchase pipeline overall is smaller, and the proportion of GSE-related repurchase requests in the pipeline also is smaller, than in periods pre-dating the DRAs. The repurchase liability FHN has recorded as of December 31, 2014 contemplates, among other things, estimates of FHN’s repurchase exposure related to loans excluded from the DRAs and estimates of FHN’s repurchase exposure related to certain other whole-loan sales. See “Other Whole-Loan Sales” and “Established Repurchase Liability” below for additional information.

Other Whole-Loan Sales

Prior to the 2008 divestiture FHN also sold first lien mortgage loans through whole-loan sales to non-Agency purchasers. FHN made contractual representations and warranties to the purchasers generally similar to those made to Agency purchasers. As of December 31, 2014, 45 percent of repurchase/make-whole claims in the pipeline relate to other whole-loan sales. These claims are included in FHN’s liability methodology and the assessment of the adequacy of the repurchase and foreclosure liability.

Many of these loans were included by the purchasers in their own securitizations, not using the First Horizon brand. FHN’s contractual representations and warranties to these loan purchasers generally included repurchase and indemnity covenants for losses and expenses applicable to the securitization caused by FHN’s breach. Currently the following categories of legal actions are pending which involve FHN and non-Agency whole-loan sales: (i) FHN has received indemnification requests from purchasers of loans or their assignees in cases where FHN is not a defendant; (ii) FHN has received subpoenas seeking loan reviews in cases where FHN is not a defendant; (iii) FHN has received repurchase or make-whole demands from purchasers or their assignees; and (iv) FHN is a defendant in certain legal actions involving FHN-originated loans. In some cases the loans to be reviewed, or which otherwise are at issue, have not been identified specifically. Assignees can include securitizers or securitization trustees, among others. A loan is included in the repurchase pipeline only when an identifiable demand for repurchase has been made outside of active litigation.

First Horizon Branded Proprietary Mortgage Securitizations

From 2005 through 2007 FHN originated and sold certain non-agency, nonconforming mortgage loans, consisting of Jumbo and Alternative-A (“Alt A”) first lien mortgage loans, to private investors through 80 proprietary securitization trusts under the FH brand. Securitized loans generally were sold indirectly to investors as interests, commonly known as certificates, in the trusts. The certificates were sold to a variety of investors, including GSEs in some cases, through securities offerings under a prospectus or other offering documents. In most cases, the certificates were tiered into different risk classes, with junior classes exposed to trust losses first and senior classes exposed after junior classes were exhausted. Through third quarter 2013, FHN continued to service substantially all of the remaining loans sold through FH proprietary securitizations. In 2013 FHN contracted to sell substantially all such servicing rights and obligations, with transfers occurring largely in fourth quarter 2013 and first quarter 2014. As of December 31, 2014, the aggregate remaining UPB in active FH proprietary securitizations from 2005 through 2007 was $6.1 billion consisting of $4.2 billion Alt-A mortgage loans and $1.9 billion Jumbo mortgage loans.

Representations and warranties were made to the securitization trustee, as the nominal purchaser of the loans, for the benefit of investors. As such, FHN has exposure to the trustee for repurchase of loans arising from claims that FHN breached its representations and warranties made at closing. As of December 31, 2014, the repurchase request pipeline contained no repurchase requests related to FH proprietary first lien securitizations based on breaches of representations and warranties to the trustee.

Unlike loans sold to GSEs, contractual representations and warranties for FH proprietary first lien securitizations do not include specific representations regarding the absence of other-party fraud or negligence in the underwriting or origination of the mortgage loans. Securitization documents typically provide the investors with a right to request that the trustee investigate and initiate repurchase of a mortgage loan if FHN breached certain representations and warranties made at the time the securitization closed and such breach materially and adversely affects the interests of the investors in such mortgage loan. The securitization documents do not require the trustee to make an investigation into the facts or matters stated in any investor request or notice unless requested in writing to do so by the holders of certificates evidencing not less than 25 percent of the voting rights allocated to each class of certificates. The certificate holders also may be required to indemnify the trustee for its costs related to investigations made in connection with repurchase actions.

GSEs and certain other quasi-governmental entities were among the purchasers of certificates in FH proprietary securitizations. As such, they are entitled to the benefits of the same representations and warranties as other investors. However, under federal law some entities of that sort are permitted to undertake, independently of other investors, reviews of FHN’s mortgage loan origination and servicing files. Such reviews are commenced using a subpoena process. If, because of such reviews, an entity determines there has been a breach of a representation or warranty that has had a material and adverse effect on the interests of the investors in any

Note 18 – Contingencies and Other Disclosures (Continued)

mortgage loan, the entity may attempt to persuade or compel enforcement of a repurchase obligation against FHN by the securitization trustee. As discussed in more detail below in “Other Government Entity Loan Reviews,” FHN has received several such subpoenas.

The FH proprietary securitization trustee generally may initiate a loan review, without prior official action by investors, for the purpose of determining compliance with applicable representations and warranties with respect to any or all of the active FH proprietary securitizations. If non-compliance is discovered, the trustee may seek repurchase or other relief. In addition, FHN’s trustee is a defendant in a lawsuit in which the plaintiffs have asserted that the trustee has duties under federal law to review loans and otherwise act against FHN outside of the duties specified in the applicable trust documents. At December 31, 2014, FHN’s trustee had made no claims against FHN and no litigation by the trustee was pending against FHN.

FHN is not able to estimate any liability for loan repurchase risk related to FH proprietary securitizations. FHN similarly is not able to estimate a range of reasonably possible losses associated with this risk, and no such amounts are included in the aggregate range discussed above. Those inabilities are due to significant uncertainties regarding: the absence of claims made; the nature and outcome of any claims process or related settlement discussions if pursued; the outcome of litigation if litigation is pursued; the identity and value of assets that FHN may be required to repurchase to the extent asset repurchase is sought; and the lack of precedent claims.

Also unlike loans sold to the GSEs, interests in securitized loans were sold as securities under prospectuses or other offering documents subject to the disclosure requirements of applicable federal and state securities laws. As an alternative to pursuing a claim for breach of representations and warranties through the trustee as mentioned above, an investor could pursue (and in certain cases mentioned below, have pursued or are pursuing) a claim alleging that the prospectus or other disclosure documents were deficient by containing materially false or misleading information or by omitting material information. A claim for such disclosure deficiencies typically could be brought under applicable federal or state securities statutes. Statutory remedies typically include rescission of the investment or monetary damages measured in relation to the original investment made. Any such statutory claim would be subject to applicable limitation periods and other statutory defenses. If a plaintiff properly made and proved its allegations, the plaintiff might attempt to claim that damages could include loss of market value on the investment even if there were little or no credit loss in the underlying loans. Claims based on alleged disclosure deficiencies also could be brought as traditional fraud or negligence claims with a wider scope of damages possible. Each investor could bring such a claim individually, without acting through the trustee to pursue a claim for breach of representations and warranties, and investors could attempt joint claims or attempt to pursue claims on a class-action basis. Claims of this sort have been resolved in a litigation context, unlike FHN’s GSE repurchase experience, and several claims still are pending as mentioned above. FHN’s analysis of loss content and establishment of appropriate liabilities in these cases follow principles and practices associated with litigation matters, including an analysis of available procedural and substantive defenses in each particular case, a determination of whether material loss is probable, and (if so) an estimation of the amount of ultimate loss, if any can be estimated. Alternatively, under applicable financial accounting guidance, a liability may be established or increased in the course of negotiations for settlement of a matter, whether or not a settlement results.

Other Government Entity Loan Reviews

Certain government entities acting on behalf of several purchasers of FH proprietary and other securitizations have subpoenaed information from FHN and others. The FHLB of San Francisco and FHLB of Atlanta have subpoenaed FHN for purposes of a loan origination review related to certain of their securitization investments. Collectively, the FHLB subpoenas seek information concerning a number of FH proprietary securitizations. In addition, the FDIC, acting on behalf of certain failed banks, has also subpoenaed FHN related to FH proprietary securitization investments by those institutions.

The FDIC and FHLB of San Francisco subpoenas also concern loans sold by FHN to non-Agency purchasers on a whole-loan basis which were included by those purchasers in non-FH securitizations. See “Other Whole-Loan Sales” above for additional information concerning loans originated and sold by FHN that were included in the purchasers’ own securitizations. In addition, the FHLB of Seattle has subpoenaed FHN in connection with FHN-originated loans that were included in non-FH securitizations. The FDIC subpoena fails to identify the specific investments made by the failed banks. Other than the dollar amounts of those investments which are the subject of the FDIC’s active litigation as receiver for Colonial Bank, FHN has limited information regarding at least some of the loans under review or the dollar amounts invested in relation to the FDIC and FHLB subpoenas. The FDIC subpoenas partially overlap with the ongoing litigation matters mentioned above under “Litigation - Loss Contingencies.”

The subpoenas discussed above relate to ongoing reviews which ultimately could result in claims against FHN. The original and current certificate balances of the FH proprietary securitizations in which the FHLB of San Francisco invested are $501.1 million and $137.8 million, respectively. The original and current certificate balances of the FH proprietary securitizations in which the FHLB of Atlanta invested are $56.1 million and $6.7 million, respectively. There are limitations as to FHN’s knowledge of the amount of FH proprietary securitizations investments that are subject to the FDIC and FHLB of San Francisco subpoenas. Since the reviews at this time are not repurchase claims, the associated loans are not considered part of the repurchase pipeline.

Note 18 – Contingencies and Other Disclosures (Continued)

Private Mortgage Insurance

MI was required by GSE rules for certain of the loans sold to GSEs and was also provided for certain of the loans that were securitized. MI generally was provided for the first lien loans sold or securitized having a loan-to-value ratio at origination of greater than 80 percent. Although unresolved MI cancellation notices related to GSE-owned loans are not formal repurchase requests, FHN includes these in the active repurchase request pipeline to the extent they relate to securitized loans or are excluded from the DRA settlements with the GSEs mentioned above. FHN tracks and monitors MI cancellation notices received when assessing the overall adequacy of FHN’s repurchase liability.

Established Repurchase Liability

Based on currently available information and experience to date, FHN has evaluated its loan repurchase exposure and has accrued for losses of $120.1 million and $165.8 million as of December 31, 2014 and 2013, respectively, including a smaller amount related to equity-lending junior lien loan sales. FHN used all available information to estimate losses related to potential repurchase obligations not included in the DRAs including future MI rescissions, prior bulk servicing sales where FHN is no longer the directly responsible party but still has repurchase obligations, and obligations related to certain other loan sales, including repurchase obligations related to non-GSE loan sales. Additionally, FHN continues to monitor claims included in the active pipeline, historical repurchase rates, and loss severities. Accrued liabilities for FHN’s estimate of these obligations are reflected in Other liabilities on the Consolidated Statements of Condition. Charges to increase the liability are included within Repurchase and foreclosure provision on the Consolidated Statements of Income. The estimates are based upon currently available information and fact patterns that exist as of the balance sheet dates and could be subject to future changes. Changes to any one of these factors could significantly impact the estimate of FHN’s liability.

Servicing and Foreclosure Practices

Through third quarter 2013, FHN serviced a predominately first lien mortgage loan portfolio with an unpaid principal balance of approximately $15 billion as of September 30, 2013. In fourth quarter 2013 and first quarter 2014, sales of substantially all remaining servicing were consummated under a contract discussed below. As a result, the loan portfolio serviced by FHN at December 31, 2014 had an unpaid principal balance of $252.8 million.

Prior to those sales, a substantial portion of FHN’s first lien portfolio was serviced through subservicing arrangements. FHN’s national mortgage and servicing platforms were sold in August 2008 and the related servicing activities, including foreclosure and loss mitigation practices, of the then-remaining portion of FHN’s mortgage servicing portfolio were outsourced through a three year subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). FHN entered into a replacement agreement in 2011 with a new subservicer (the “2011 subservicer”). In third quarter 2013 FHN contracted to sell substantially all of its remaining servicing obligations and servicing assets (including advances) to the 2011 subservicer. Transfer of the servicing was substantially completed in during first quarter 2014. Servicing still retained by FHN continues to be subserviced by the 2011 subservicer.

FHN is subject to losses in its current and former loan servicing portfolio due to loan foreclosures. Foreclosure exposure arises from certain government agency agreements, as well as agreements with MI insurers, which limit the agency’s repayment guarantees on foreclosed loans and allow compensatory fees and penalties and curtailments of claims for violations of agreements or insurance policies, resulting in losses to the servicer. Foreclosure exposure also includes real estate costs, marketing costs, and costs to maintain properties, especially during protracted resale periods in geographic areas of the country negatively impacted by declining home values.

In 2011 regulators entered into consent decrees with several institutions, including FHN’s 2008 subservicer, requiring comprehensive revision of loan modification and foreclosure processes, including the remediation of borrowers that have experienced financial harm. In 2012 the 2008 subservicer, along with certain others, entered into a settlement agreement with the OCC which replaced the consent decree.

Under FHN’s 2008 subservicing agreement, the 2008 subservicer had the contractual right to follow FHN’s prior servicing practices as they existed 180 days prior to August 2008 until the 2008 subservicer became aware that such practices did not comply with applicable servicing requirements, subject to the subservicer’s obligation to follow accepted servicing practices, applicable law, and new requirements, including evolving interpretations of such practices, law and requirements. In the event of a dispute such as that described below between FHN and the 2008 subservicer over any liabilities for the subservicer’s servicing and management of foreclosure or loss mitigation processes, FHN cannot predict the costs that may be incurred.

FHN’s 2008 subservicer has presented invoices and made demands under the 2008 subservicing agreement that FHN pay certain costs related to tax service contracts, miscellaneous transfer costs, servicing timeline penalties, compensatory damages, and curtailments charged by GSEs and a government agency prior to FHN’s transfer of subservicing to its 2011 subservicer in the amount of $8.6 million. The 2008 subservicer also is seeking reimbursement from FHN for expenditures the 2008 subservicer has incurred or

Note 18 – Contingencies and Other Disclosures (Continued)

anticipates it will incur under the consent decree and supervisory guidance relating to foreclosure review (collectively, “foreclosure review expenditures”). The foreclosure review expenditures for which the 2008 subservicer has sought reimbursement total $34.9 million. Although the most recent request was made in 2012, additional reimbursement requests may be made. FHN disagrees with the 2008 subservicer’s position and has made no reimbursements. In the event that the 2008 subservicer pursues its position through litigation, FHN believes it has meritorious defenses and intends to defend itself vigorously. FHN also believes that certain amounts billed to FHN by agencies for penalties and curtailments on claims by MI insurers for actions by the 2008 subservicer prior to the 2011 subservicing transfer but billed after that date are owed by the 2008 subservicer. This disagreement has the potential to result in litigation and, in any such future litigation, the claim against FHN may be substantial.

Other Disclosures - Visa Matters

FHN is a member of the Visa USA network. In October 2007, the Visa organization of affiliated entities completed a series of global restructuring transactions to combine its affiliated operating companies, including Visa USA, under a single holding company, Visa Inc. (“Visa”). Upon completion of the reorganization, the members of the Visa USA network remained contingently liable for certain Visa litigation matters (the “Covered Litigation”). Based on its proportionate membership share of Visa USA, FHN recognized a contingent liability in fourth quarter 2007 related to this contingent obligation. In March 2008, Visa completed its initial public offering (“IPO”) and funded an escrow account from its IPO proceeds to be used to make payments related to the Visa litigation matters. FHN received approximately 2.4 million Class B shares in conjunction with Visa’s IPO.

Conversion of these shares into Class A shares of Visa and, with limited exceptions, transfer of these shares is restricted until the final resolution of the covered litigation. In conjunction with the prior sales of Visa Class B shares in December 2010 and September 2011, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The conversion ratio is adjusted when Visa deposits funds into the escrow account to cover certain litigation.

In July 2012, Visa and MasterCard announced a joint settlement (the “Settlement”) related to the Payment Card Interchange matter, one of the Covered Litigation matters. Based on the amount of the Settlement attributable to Visa and an assessment of FHN’s contingent liability accrued for Visa litigation matters, the Settlement did not have a material impact on FHN. In September 2014, Visa funded $450 million into the escrow account, and as a result FHN made a payment to the derivative counterparty of $2.4 million in October 2014. As of December 31, 2014, the conversion ratio is 41 percent, and the contingent liability is $.8 million. Future funding of the escrow would dilute this exchange rate by an amount that is not determinable at present.

As of December 31, 2014 and 2013, the derivative liabilities were $5.2 million and $2.9 million, respectively.

FHN now holds approximately 1.1 million Visa Class B shares. FHN’s Visa shares are not considered to be marketable and therefore are included in the Consolidated Statements of Condition at their historical cost of $0. The Settlement has been approved by the court but that approval has been appealed by certain of the plaintiffs. Accordingly, the outcome of this matter remains uncertain. Additionally, other Covered Litigation matters are also pending judicial resolution, including new matters filed by class members who opted-out of the Settlement. So long as any Covered Litigation matter remains pending, FHN’s ability to transfer its Visa holdings continues to be restricted.

Other Disclosures – Indemnification Agreements and Guarantees

In the ordinary course of business, FHN enters into indemnification agreements for legal proceedings against its directors and officers and standard representations and warranties for underwriting agreements, merger and acquisition agreements, loan sales, contractual commitments, and various other business transactions or arrangements. The extent of FHN’s obligations under these agreements depends upon the occurrence of future events; therefore, it is not possible to estimate a maximum potential amount of payouts that could be required with such agreements.

Note 19 – Pension, Savings, and Other Employee Benefits

Pension plan. FHN sponsors a noncontributory, qualified defined benefit pension plan to employees hired or re-hired on or before September 1, 2007. Pension benefits are based on years of service, average compensation near retirement or other termination, and estimated social security benefits at age 65. Benefits under the plan are “frozen” so that years of service and compensation changes after 2012 do not affect the benefit owed. The contributions are based upon actuarially determined amounts necessary to fund the total benefit obligation. FHN did not make any contributions to the qualified pension plan in 2014. Future decisions to contribute to the plan will be based upon pension funding requirements under the Pension Protection Act, the maximum amount deductible under the Internal Revenue Code, and the actual performance of plan assets. Management has assessed the need for future contributions, and does not currently anticipate that FHN will make a contribution to the qualified pension plan in 2015.

FHN also maintains non-qualified plans including a supplemental retirement plan that covers certain employees whose benefits under the qualified pension plan have been limited by tax rules. These other non-qualified plans are unfunded, and contributions to these plans cover all benefits paid under the non-qualified plans. Payments made under the non-qualified plans were $5.0 million for 2014. FHN anticipates making benefit payments under the non-qualified plans of $5.0 million in 2015.

Savings plan. FHN provides all qualifying full-time employees with the opportunity to participate in the FHN tax qualified 401(k) savings plan. The qualified plan allows employees to defer receipt of earned salary, up to tax law limits, on a tax-advantaged basis. Accounts, which are held in trust, may be invested in a wide range of mutual funds and in FHN common stock. Up to tax law limits, FHN provides a 100 percent match for the first 6 percent of salary deferred in both 2014 and 2013, with company match contributions invested according to a participant’s current investment elections. Prior to the discontinuance of the accrual of benefits under the qualified pension plan as of December 31, 2012, FHN provided a company match of 50 percent of the first 6 percent of salary deferred, subject to Code limitations, with the company match contribution initially invested in company stock. The savings plan also allows employees to invest in a non-leveraged ESOP. Cash dividends on shares held by the ESOP are charged to retained earnings and the shares are considered outstanding in computing earnings per share. The number of allocated shares held by the ESOP totaled 9,160,613 on December 31, 2014. Beginning in 2013, FHN provides a restorative benefit through a non-qualified savings restoration plan to certain highly-compensated employees who participate in the savings plan and whose contribution elections are capped by tax limitations.

FHN also provides “flexible dollars” to assist employees with the cost of annual benefits and/or allow the employee to contribute to his or her qualified savings plan. These “flexible dollars” are pre-tax contributions and are based upon the employees’ years of service and qualified compensation. Contributions made by FHN through the flexible benefits plan and the company matches were $20.4 million for 2014, $20.4 million for 2013 and $16.8 million for 2012.

Other employee benefits. FHN provides postretirement life insurance benefits to certain employees and also provides postretirement medical insurance benefits to retirement-eligible employees. The postretirement medical plan is contributory. For the 2013 plan year, certain retiree contributions were adjusted based on criteria that were a combination of the employee’s age and/or years of service. For the 2014 plan year FHN contributed a fixed amount for each participant. FHN’s postretirement benefits include prescription drug benefits. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (“the Act”) introduced a prescription drug benefit under Medicare Part D as well as a federal subsidy to sponsors of retiree health care that provide a benefit that is actuarially equivalent to Medicare Part D. At this time, FHN does not anticipate receiving a prescription drug subsidy under the Act. In third quarter 2013, FHN notified participants of revisions to the retiree medical plan effective January 1, 2014, which represented a negative plan amendment, the effects of which are being prospectively amortized beginning in third quarter 2013.

Actuarial assumptions. FHN’s process for developing the long-term expected rate of return of pension plan assets is based on capital market exposure as the source of investment portfolio returns. Capital market exposure refers to the plan’s broad allocation of its assets to asset classes, such as large cap equity and fixed income. FHN also considers expectations for inflation, real interest rates, and various risk premiums based primarily on the historical risk premium for each asset class. The expected return is based upon a thirty year time horizon. Consequently, FHN selected a 5.85 percent assumption for 2015 for the defined benefit pension plan and a 2.30 percent assumption for postretirement medical plan assets dedicated to employees who retired prior to January 1, 1993. FHN selected a 6.35 percent assumption for postretirement medical plan assets dedicated to employees who retired after January 1, 1993.

The discount rates for the three years ended 2014 for pension and other benefits were determined by using a hypothetical AA yield curve represented by a series of annualized individual discount rates from one-half to thirty years. The discount rates are selected based upon data specific to FHN’s plans and employee population. The bonds used to create the hypothetical yield curve were subjected to several requirements to ensure that the resulting rates were representative of the bonds that would be selected by management to fulfill the company’s funding obligations. In addition to the AA rating, only non-callable bonds were included. Each bond issue was required to have at least $250 million par outstanding so that each issue was sufficiently marketable. Finally, bonds more than two standard deviations from the average yield were removed. When selecting the discount rate, FHN matches the duration

Note 19 – Pension, Savings, and Other Employee Benefits (Continued)

of high quality bonds with the duration of the obligations of the plan as of the measurement date. High quality corporate bonds experienced decreasing yields in 2014 resulting in a discount rate lower than 2013 and therefore a higher benefit obligation. For all years presented, the measurement date of the benefit obligations and net periodic benefit costs was December 31.

The actuarial assumptions used in the defined benefit pension plan and other employee benefit plans were as follows:

	Benefit Obligations			Net Periodic Benefit Cost
	2014	2013	2012	2014	2013	2012
Discount rate
Qualified pension	4.30%	5.15%	4.35%	5.15%	4.35%	5.10%
Nonqualified pension	4.00%	4.70%	3.85%	4.70%	3.85%	4.75%
Other nonqualified pension	3.35%	4.05%	3.20%	4.05%	3.20%	4.40%
Postretirement benefits	3.45% - 4.45%	4.10% - 5.35%	3.80% - 4.55%	4.10% - 5.35%	3.80% - 4.55%	4.75% - 5.25%
Expected long-term rate of return
Qualified pension/postretirement benefits	5.85%	6.60%	6.05%	6.60%	6.05%	6.90%
Postretirement benefit (retirees post January 1, 1993)	6.35%	6.95%	6.05%	6.95%	6.05%	6.90%
Postretirement benefit (retirees prior to January 1, 1993)	2.30%	2.85%	3.93%	2.85%	3.93%	4.49%
Rate of compensation increase (a)	N/A	N/A	4.10%	N/A	N/A	4.10%

(a) Due to the pension plan freeze as of December 31, 2012, the rate of compensation increase no longer applies to the qualified pension plan.

In 2014, the Society of Actuaries published updated life expectancy tables based upon a study of recent non-governmental pension plan experience in the United States. These new tables reflect the increased longevity of pension plan participants as well as projected future improvements in life expectancy in comparison to prior life expectancy tables. FHN included the newly released tables within the annual re-measurement of its pension and postretirement plan calculations for 2014. Consideration of the new life expectancy tables resulted in an increase of the projected benefit obligations for FHN’s pension plans of approximately 8 percent in comparison to use of the former tables.

The health care cost trend rate assumption previously had a significant effect on the amounts reported. However, given the change to a defined contribution subsidy model for postretirement medical insurance benefits, a one-percentage-point change in assumed health care cost trend rates would have no impact on the reported service and interest cost components or the postretirement benefit obligation at the end of the plan year since the annual rate of increase in health care costs was no longer included in the actuarial assumptions for that plan for year end 2014 measurements.

Note 19 – Pension, Savings, and Other Employee Benefits (Continued)

The components of net periodic benefit cost for the plan years 2014, 2013 and 2012 are as follows:

	Total Pension Benefits									Other Benefits
(Dollars in thousands)	2014			2013			2012			2014			2013			2012
Components of net periodic benefit cost
Service cost (a)	$	56		$	63		$	14,800		$	207		$	460		$	467
Interest cost		34,915			32,361			33,040			1,754			2,033			2,298
Expected return on plan assets		(40,093	)		(34,946	)		(39,813	)		(1,025	)		(816	)		(915	)
Amortization of unrecognized:
Transition (asset)/obligation		—			—			—			—			—			736
Prior service cost/(credit)		346			353			398			(1,163	)		(299	)		(9	)
Actuarial (gain)/loss (b)		6,898			9,832			35,999			(1,006	)		(171	)		(488	)
Net periodic benefit cost		2,122			7,663			44,424			(1,233	)		1,207			2,089
ASC 715 curtailment/settlement expense (c)		—			370			1,231			—			—			—
ASC 715 special termination benefits (d)		1,009			—			—			—			—			—
Total periodic benefit costs	$	3,131		$	8,033		$	45,655		$	(1,233	)	$	1,207		$	2,089

(a)	2014 and 2013 decline in total pension benefits service cost reflects the freeze of the pension plans effective December 31, 2012.
(b)	2014 and 2013 decline in recognition of total pension benefits actuarial loss driven by the change in amortization term from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants in conjunction with the freeze of the pension plans on December 31, 2012.
(c)	In 2013 and 2012, lump sum payments under the supplemental retirement plan triggered settlement accounting. In accordance with its practice, FHN performed a remeasurement of the plan in conjunction with the settlement and realized an ASC 715 settlement expense.
(d)	In 2014, a one-time special termination benefits charge was recognized related to recalculation of a participant’s benefit under a non-qualified plan upon retirement.

The long-term expected rate of return is applied to the market-related value of plan assets in determining the expected return on plan assets. FHN determines the market-related value of plan assets using a calculated value that recognizes changes in the fair value of plan assets over five years, as permitted by GAAP.

Note 19 – Pension, Savings, and Other Employee Benefits (Continued)

The following tables set forth the plans’ benefit obligations and plan assets for 2014 and 2013:

	Total Pension Benefits						Other Benefits
(Dollars in thousands)	2014			2013			2014			2013
Change in Benefit Obligation
Benefit obligation, beginning of year	$	693,716		$	766,947		$	38,464		$	54,716
Service cost		56			63			207			460
Interest cost		34,915			32,361			1,754			2,033
Plan amendments		—			—			—			(10,678	)
Actuarial (gain)/loss (a) (b)		157,619			(78,617	)		(3,293	)		(7,237	)
Actual benefits paid		(27,462	)		(27,038	)		(1,804	)		(1,030	)
Expected Medicare Part D reimbursement		—			—			—			200
Special termination benefits		1,009			—			—			—
Benefit obligation, end of year	$	859,853		$	693,716		$	35,328		$	38,464
Change in Plan Assets
Fair value of plan assets, beginning of year	$	640,605		$	633,972		$	16,360		$	14,288
Actual return on plan assets		78,491			28,699			973			2,659
Employer contributions		3,915			4,972			1,110			443
Actual benefits paid - settlement payments		—			(1,160	)		(1,804	)		(1,030	)
Actual benefits paid - other payments		(27,462	)		(25,878	)		—			—
Fair value of plan assets, end of year	$	695,549		$	640,605		$	16,639		$	16,360
Funded status of the plans	$	(164,304	)	$	(53,111	)	$	(18,689	)	$	(22,104	)
Amounts Recognized in the Statements of Financial Condition
Other assets	$	—		$	—		$	11,882		$	9,158
Other liabilities		(164,304	)		(53,111	)		(30,571	)		(31,262	)
Net asset/(liability) at end of year	$	(164,304	)	$	(53,111	)	$	(18,689	)	$	(22,104	)

(a)	2013 change in other benefits actuarial (gain)/loss driven by a change in the retiree medical plan.
(b)	2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

The qualified and nonqualified pension plans were underfunded as of December 31, 2014, by $114.3 million, and $50.0 million, respectively. At year-end 2013, the qualified and nonqualified pension plans were underfunded by $6.3 million, and $46.9 million, respectively. Because of the pension freeze as of the end of 2012, the pension benefit obligation and the accumulated benefit obligation are the same as of December 31, 2014 and 2013. The projected benefit obligation and the accumulated benefit obligation for the qualified pension plan exceeded all corresponding plan assets as of December 31, 2014 and 2013.

Unrecognized transition assets and obligations, unrecognized actuarial gains and losses, and unrecognized prior service costs and credits are recognized as a component of accumulated other comprehensive income. Balances reflected in accumulated other comprehensive income on a pre-tax basis for the years ended December 31, 2014 and 2013 consist of:

	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014			2013
Amounts Recognized in Accumulated Other Comprehensive Income
Prior service cost/(credit)	$	581	$	927	$	(8,577	)	$	(9,740	)
Net actuarial (gain)/loss		354,264		241,941		(10,664	)		(8,429	)
Total	$	354,845	$	242,868	$	(19,241	)	$	(18,169	)

Note 19 – Pension, Savings, and Other Employee Benefits (Continued)

The pre-tax amounts recognized in other comprehensive income during 2014 and 2013 were as follows:

	Total Pension Benefits						Other Benefits
(Dollars in thousands)	2014			2013			2014			2013
Changes in plan assets and benefit obligation recognized in other comprehensive income
Net actuarial (gain)/loss arising during measurement period (a)	$	119,217		$	(72,376	)	$	(3,241	)	$	(9,080	)
Prior service cost/(credit) arising during measurement period		—			—			—			(10,678	)
Items amortized during the measurement period:
Net transition (asset)/obligation		—			—			—			—
Prior service credit/(cost)		(346	)		(353	)		1,163			299
Net actuarial gain/(loss)		(6,898	)		(10,202	)		1,006			171
Total recognized in other comprehensive income	$	111,973		$	(82,931	)	$	(1,072	)	$	(19,288	)

(a) 2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

FHN utilizes the minimum amortization method in determining the amount of actuarial gains or losses to include in plan expense. Under this approach, the net deferred actuarial gain or loss that exceeds a threshold is amortized over the average remaining service period of active plan participants. The threshold is measured as the greater of: 10 percent of a plan’s projected benefit obligation as of the beginning of the year or 10 percent of the market-related value of plan assets as of the beginning of the year. In conjunction with the freeze of the pension plans on December 31, 2012, all participants are considered inactive under applicable accounting guidance for determining the appropriate period for prospective amortization of actuarial gains and losses. Thus, effective January 1, 2013, FHN changed the amortization term for actuarial gains and losses from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants.

The estimated net actuarial (gain)/loss, prior service cost/(credit), and transition (asset)/obligation for the plan that will amortize from accumulated other comprehensive income into net periodic benefit cost during the following fiscal year are as follows:

	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014			2013
Prior service cost/(credit)	$	332	$	346	$	(1,163	)	$	(1,163	)
Net actuarial (gain)/loss		9,582		6,539		(976	)		(755	)

FHN does not expect any defined benefit pension plan’s and other employee benefit plan’s assets to be returned to FHN in 2015.

The following table provides detail on expected benefit payments, which reflect expected future service, as appropriate:

	Pension		Other
(Dollars in thousands)	Benefits		Benefits
2015	$	29,897	$	1,427
2016		32,497		1,462
2017		34,434		1,502
2018		36,405		1,548
2019		38,266		1,597
2020-2024		219,771		8,831

Plan assets. FHN’s overall investment goal is to create, over the life of the pension plan and retiree medical plan, an adequate pool of sufficiently liquid assets to support the pension benefit obligations to participants, retirees, and beneficiaries, as well as to partially support the medical obligations to retirees and beneficiaries. Thus, the pension plan and retiree medical plan seek to achieve a high level of investment return consistent with a prudent level of portfolio risk.

FHN has adopted an investment strategy that reduces equities and increases long duration fixed income allocations over time with the intention of reducing volatility of funded status and pension costs. At December 31, 2014 and 2013, the target allocation to equities was 32.5 percent and the target allocation to fixed income and cash equivalents was 67.5 percent. Equity securities, most of which are included in common and collective funds, primarily include investments in large capital and small capital companies located in the U.S., as well as international equity securities in developed and emerging markets. Fixed income securities include U.S. treasuries, corporate bonds of companies from diversified industries, municipal bonds, and foreign bonds. Fixed income investments generally have long durations consistent with the estimated pension liabilities of FHN. Retiree medical funds are kept in short-term investments,

Note 19 – Pension, Savings, and Other Employee Benefits (Continued)

primarily money market funds and mutual funds. On December 31, 2014 and 2013, FHN did not have any significant concentrations of risk within the plan assets related to the pension plan or the retiree medical plan.

The fair value of FHN’s pension plan assets at December 31, 2014 and December 31, 2013, by asset category classified using the Fair Value measurement hierarchy is shown in the table below. See Note 25 – Fair Value of Assets and Liabilities for more details about Fair Value measurements.

	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	5,817	$	—	$	—	$	5,817
Equity securities:
U.S. mid capital		10,803		—		—		10,803
Fixed income securities:
U.S. treasuries		—		3,684		—		3,684
Corporate, municipal and foreign bonds		—		230,808		—		230,808
Common and collective funds:
Fixed income		—		231,666		—		231,666
U.S. large capital		—		119,234		—		119,234
U.S. small capital		—		39,449		—		39,449
International		—		54,088		—		54,088
Total	$	16,620	$	678,929	$	—	$	695,549

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	9,347	$	—	$	—	$	9,347
Equity securities:
U.S. mid and small capital		63,834		—		—		63,834
Fixed income securities:
U.S. treasuries		—		4,585		—		4,585
Corporate, municipal and foreign bonds		—		199,896		—		199,896
Common and collective funds:
Fixed income		—		205,580		—		205,580
U.S. large capital		—		102,702		—		102,702
International		—		54,661		—		54,661
Total	$	73,181	$	567,424	$	—	$	640,605

Any shortfall of investment performance compared to investment objectives should be explainable in terms of general economic and capital market conditions. The Retirement Investment Committee, comprised of senior managers within the organization, meets regularly to review asset performance and potential portfolio rebalancing. Rebalancing of pension assets is based upon a de-risking glide path as well as liquidity needs for plan benefits. Rebalancing occurs on a quarterly basis or as improvements in funded status merit changes to the targeted allocations, as defined in the de-risking glide path. The Committee also periodically reviews other elements of risk for its pension investment program, including the organization’s ability to assume pension investment risk.

Note 19 – Pension, Savings, and Other Employee Benefits (Continued)

The fair value of FHN’s retiree medical plan assets at December 31, 2014 and December 31, 2013 by asset category are as follows:

	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	425	$	—	$	—	$	425
Mutual funds:
Equity mutual funds		9,627		—		—		9,627
Fixed income mutual funds		6,587		—		—		6,587
Total	$	16,639	$	—	$	—	$	16,639

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	600	$	—	$	—	$	600
Equity securities:
U.S. small capital		1,613		—		—		1,613
Mutual funds:
Equity mutual funds		9,102		—		—		9,102
Fixed income mutual funds		4,511		—		—		4,511
Fixed income securities:
U.S. treasuries		—		119		—		119
Corporate and foreign bonds		—		415		—		415
Total	$	15,826	$	534	$	—	$	16,360

The number of shares of FHN common stock held by the qualified pension plan was 792,607 for 2014 and 2013.

Note 20 – Stock Option, Restricted Stock Incentive, and Dividend Reinvestment Plans

Equity compensation plans

FHN currently has one plan, its shareholder-approved Equity Compensation Plan (“ECP”), which authorizes the grant of new stock-based awards to employees and directors. Most awards outstanding at year end were granted under the ECP, though older stock options and certain deferred stock units remain outstanding under several plans which no longer are active. The ECP authorizes a broad range of award types, including restricted shares, stock units, and stock options. Stock units may be paid in shares or cash, depending upon the terms of the award. The ECP also authorizes the grant of stock appreciation rights, though no such grants have been made. Awards generally have service-vesting conditions, meaning that the employee must remain employed by FHN for certain periods in order for the award to vest. Some outstanding awards also have performance conditions, and one outstanding award has performance conditions associated with FHN’s stock price. FHN operates the ECP by establishing award programs, each of which is intended to cover a specific need. Programs are created, changed, or terminated as needs change. Unvested awards have service and/or performance conditions which must be met in order for the shares to vest. On December 31, 2014, there were 8,782,972 shares available for new awards under the ECP. The ECP imposes a separate limit on full-value (non-option) awards which is included within the overall limit; at December 31, 2014 there were 8,576,003 shares available to be granted as full-value awards.

Service condition full-value awards. Awards may be granted with service conditions only. In recent years programs using these awards have included an annual program for selected management employees, a mandatory deferral program for executives tied to annual bonuses earned, other mandatory deferral programs, various retention programs, and special hiring-incentive situations. Details of the awards vary by program, but most are settled in shares at vesting rather than cash, and vesting rarely begins earlier than the first anniversary of grant and rarely extends beyond the fourth anniversary of grant. Annual programs tend to use multiple annual vesting dates while retention programs tend to use a single vesting date, but there are exceptions.

Performance condition awards. Under FHN’s long-term incentive and corporate performance programs, performance stock units (executives) and cash units (selected management employees) are granted annually and vest only if predetermined performance measures are met. The measures are changed each year based on goals and circumstances prevailing at the time of grant. In recent years the performance periods have been three years, with service-vesting on the third anniversary of the grant. Recent annual performance awards require pro-rated forfeiture for performance falling between a threshold level and a maximum, but all-or-nothing awards have been granted and one such award was outstanding at year-end. Performance awards sometimes are used to provide a narrow, targeted incentive to a single person or small group; one such award which represents a market performance condition to FHN’s CEO is discussed in the next paragraph. Of the annual program awards paid during 2014 or outstanding on December 31, 2014: performance conditions related to the 2010 units were met at the 50 percent payout level, so that 25 percent were paid in 2013 and 25 percent in 2014 with the remaining 50 percent forfeited; performance conditions related to the 2011 units were met at the 87.5 percent payout level and were paid in 2014; the three-year performance period of the 2012 units has ended but performance is measured relative to peers and has not yet been determined; and, the three-year performance periods for the 2013 and 2014 units have not ended.

Market condition award. In 2012, FHN made a special grant of performance stock units to FHN’s Chief Executive Officer which will vest at the end of a five year performance period. The award has no provision for pro-rated payment based on partial performance. The award’s two alternative performance goals are: FHN’s common stock price achieves and maintains a certain level for a certain period of time; or FHN’s total shareholder return during the entire period achieves a certain level.

Director awards. Non-employee directors receive cash and annual grants of service-conditioned stock units under a program approved by the board of directors. Some units are settled in cash, and others are settled in shares, at vesting in the year following the year of grant. In 2013 and 2014 each director received $45,000 of stock units, representing a portion of their annual retainer, that were settled in shares. Starting with the annual meeting in second quarter 2013, directors also began receiving stock units settled in cash. Those cash-settled units were granted in lieu of cash meeting fees. The amount of such units each director receives varies with committee assignment. A supplemental annual award of cash-settled stock units also is granted to the lead director. Prior to 2007 the board granted 8,930 shares of restricted stock to each new non-employee director upon election to the board, with restrictions lapsing at a rate of ten percent per year. That program was discontinued in 2007, although a legacy award remains outstanding.

Note 20 – Stock Option, Restricted Stock Incentive, and Dividend Reinvestment Plans (continued)

The summary of restricted and performance stock and unit activity during the year ended December 31, 2014, is presented below:

	Shares/Units			Weighted average grant date fair value
Nonvested on January 1, 2014		4,174,196		$	10.51
Shares/units granted		874,242			11.62
Shares/units vested		(1,402,901	)		11.02
Shares/units cancelled		(290,392	)		11.35
Nonvested on December 31, 2014		3,355,145		$	10.51

The weighted average grant date fair value for shares/units granted in 2013 and 2012 was $10.63 and $9.25, respectively.

On December 31, 2014, there was $14.2 million of unrecognized compensation cost related to nonvested restricted stock awards. That cost is expected to be recognized over a weighted-average period of 2.4 years. The total grant date fair value of shares vested during 2014, 2013 and 2012, was $15.5 million, $13.8 million and $12.1 million, respectively.

Stock option awards. Currently FHN operates only a single option program, calling for annual grants of service-vested options to executives. In the past, however, option programs varied widely in their uses and terms, and many old-program options, granted under the ECP or its predecessor plans, remain outstanding today. All options granted since 2005 provide for the issuance of FHN common stock at a price fixed at its fair market value on the grant date. All options granted since 2008 vest fully no later than the fourth anniversary of grant, and all such options expire seven years from the grant date. A deferral program, which was discontinued in 2005, allowed for foregone compensation plus the exercise price to equal the fair market value of the stock on the date of grant if the grantee agreed to receive the options in lieu of compensation. Deferral options granted prior to January 2, 2004, expire 20 years from the grant date, while those granted in the final year of that program have only ten-year terms. FHN granted no stock options in 2009 or 2010.

The summary of stock option activity for the year ended December 31, 2014, is shown below:

	Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (thousands)
January 1, 2014		8,593,175		$	19.29
Options granted		592,551			11.77
Options exercised		(199,880	)		10.74
Options expired/cancelled		(1,194,739	)		30.78
December 31, 2014		7,791,107			17.18		3.89	$	11,826
Options exercisable		5,820,652			19.34		3.56		6,376
Options expected to vest		1,970,455			10.81		4.88		5,449

The total intrinsic value of options exercised during 2014 was $.4 million. The total intrinsic value of options exercised during 2013 and 2012 was immaterial. On December 31, 2014, there was $1.8 million of unrecognized compensation cost related to nonvested stock options. That cost is expected to be recognized over a weighted-average period of 2.5 years.

FHN granted 592,551, 866,742 and 1,248,685 stock options with a weighted average fair value of $3.50, $3.21 and $3.80 per option at grant date in 2014, 2013 and 2012, respectively.

Note 20 – Stock Option, Restricted Stock Incentive, and Dividend Reinvestment Plans (continued)

FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted in 2014, 2013, and 2012 with the following assumptions:

	2014	2013	2012
Expected dividend yield	1.70%	1.84%	0.42%
Expected weighted-average lives of options granted	6.15 years	6.12 years	6.11 years
Expected weighted-average volatility	33.79%	36.19%	42.40%
Expected volatility range	24.55-61.49%	27.27 - 62.98%	35.80 - 62.21%
Risk-free interest rate	1.96%	1.16%	1.10%

Expected lives of options granted are determined based on the vesting period, historical exercise patterns and contractual term of the options. For options granted in 2014, 2013, and 2012, FHN used a blended volatility rate in order to more accurately reflect expected volatility. A portion of the weighted average volatility rate was derived by compiling daily closing stock prices over a historical period approximating the expected lives of the options. Additionally, because of market volatility experienced during this time period related to economic conditions and the impact on stock prices of financial institutions, FHN also incorporated a measure of implied volatility so as to incorporate more recent, normalized market conditions that are considered to better reflect future volatility. 

Compensation Cost. The compensation cost that has been included in income from continuing operations pertaining to stock-based awards was $11.4 million, $16.1 million, and $16.2 million for 2014, 2013, and 2012, respectively. The corresponding total income tax benefits recognized were $4.4 million in 2014 and $6.2 million for 2013 and 2012.

Authorization. Consistent with Tennessee state law, only authorized, but unissued, stock may be utilized in connection with any issuance of FHN common stock which may be required as a result of stock based compensation awards. FHN generally obtains authorization from the Board of Directors to repurchase any stock that may be issued at the time a plan is approved or amended. These authorizations are automatically adjusted for stock splits and stock dividends. Repurchases are authorized to be made in the open market or through privately negotiated transactions and will be subject to market conditions, accumulation of excess equity, legal and regulatory restrictions, and prudent capital management. FHN does not currently expect to repurchase a material number of shares under the compensation plan-related repurchase program during the next annual period.

Dividend reinvestment plan. The Dividend Reinvestment and Stock Purchase Plan authorizes the sale of FHN’s common stock from stock acquired on the open market to shareholders who choose to invest all or a portion of their cash dividends or make optional cash payments of $25 to $10,000 per quarter without paying commissions. The price of stock purchased on the open market is the average price paid.

Note 21 – Business Segment Information

FHN has four business segments: regional banking, capital markets, corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers largely in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally. The capital markets segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of gains/(losses) on the extinguishment of debt, unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees (in periods subsequent to first quarter 2014 these amounts are significantly lower), and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges.

Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on an internal allocation method. Because the allocations are based on internally developed assignments and allocations, they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the years ended December 31:

(Dollars in thousands)		2014		2013			2012
Consolidated	Net interest income	$	627,718	$	637,374		$	688,667
	Provision for loan losses		27,000		55,000			78,000
	Noninterest income		550,044		584,577			671,329
	Noninterest expense		832,531		1,148,519			1,369,524
	Income/(loss) before income taxes		318,231		18,432			(87,528	)
	Provision/(benefit) for income taxes		84,185		(19,389	)		(72,028	)
	Income/(loss) from continuing operations		234,046		37,821			(15,500	)
	Income/(loss) from discontinued operations, net of tax		—		548			148
	Net income/(loss)	$	234,046	$	38,369		$	(15,352	)
	Average assets	$	23,994,836	$	24,402,338		$	25,048,287
	Depreciation and amortization	$	56,896	$	71,616		$	117,972
	Expenditures for long-lived assets		38,880		41,463			21,862

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Note 21 – Business Segment Information (Continued)

(Dollars in thousands)		2014		2013		2012
Regional Banking	Net interest income	$	602,126	$	591,351	$	605,287
	Provision/(provision credit) for loan losses		29,187		18,460		(898	)
	Noninterest income		254,705		247,717		253,470
	Noninterest expense		538,988		529,396		571,204
	Income/(loss) before income taxes		288,656		291,212		288,451
	Provision/(benefit) for income taxes		102,771		104,915		104,779
	Net income/(loss)	$	185,885	$	186,297	$	183,672
	Average assets	$	13,273,565	$	12,875,630	$	12,657,320
	Depreciation and amortization	$	38,271	$	46,864	$	73,720
	Expenditures for long-lived assets		30,833		34,764		17,617

Capital Markets	Net interest income	$	12,688	$	16,187	$	20,765
	Noninterest income		202,725		268,436		334,992
	Noninterest expense		146,847		232,429		263,015
	Income/(loss) before income taxes		68,566		52,194		92,742
	Provision/(benefit) for income taxes		25,741		19,618		35,044
	Net income/(loss)	$	42,825	$	32,576	$	57,698
	Average assets	$	2,069,472	$	2,255,852	$	2,297,051
	Depreciation and amortization	$	6,133	$	8,666	$	20,904
	Expenditures for long-lived assets		1,295		3,987		1,851

Corporate	Net interest income/(expense)	$	(54,175	)	$	(46,178	)	$	(35,908	)
	Noninterest income		26,969			26,055			27,008
	Noninterest expense		61,387			64,865			84,251
	Income/(loss) before income taxes		(88,593	)		(84,988	)		(93,151	)
	Provision/(benefit) for income taxes		(63,526	)		(51,582	)		(67,256	)
	Net income/(loss)	$	(25,067	)	$	(33,406	)	$	(25,895	)
	Average assets	$	5,588,328		$	5,186,034		$	5,218,611
	Depreciation and amortization	$	10,796		$	13,754		$	19,072
	Expenditures for long-lived assets		6,218			1,050			2,327

Non-Strategic	Net interest income	$	67,079		$	76,014		$	98,523
	Provision/(provision credit) for loan losses		(2,187	)		36,540			78,898
	Noninterest income		65,645			42,369			55,859
	Noninterest expense		85,309			321,829			451,054
	Income/(loss) before income taxes		49,602			(239,986	)		(375,570	)
	Provision/(benefit) for income taxes		19,199			(92,340	)		(144,595	)
	Income/(loss) from continuing operations		30,403			(147,646	)		(230,975	)
	Income/(loss) from discontinued operations, net of tax		—			548			148
	Net income/(loss)	$	30,403		$	(147,098	)	$	(230,827	)
	Average assets	$	3,063,471		$	4,084,822		$	4,875,305
	Depreciation and amortization	$	1,696		$	2,332		$	4,276
	Expenditures for long-lived assets		534			1,662			67

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Note 22 – Variable Interest Entities

ASC 810 defines a VIE as an entity where the equity investors, as a group, lack either (1) the power through voting rights, or similar rights, to direct the activities of an entity that most significantly impact the entity’s economic performance, (2) the obligation to absorb the expected losses of the entity, (3) the right to receive the expected residual returns of the entity, or (4) sufficient equity at risk for the entity to finance its activities by itself. A variable interest is a contractual ownership, or other interest, that fluctuates with changes in the fair value of the VIE’s net assets exclusive of variable interests. Under ASC 810, as amended, a primary beneficiary is required to consolidate a VIE when it has a variable interest in a VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant.

Consolidated Variable Interest Entities

FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking and consumer lending operations. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts’ economic performance. In situations where the retention of MSR and other retained interests, including residual interests and subordinated bonds, results in FHN potentially absorbing losses or receiving benefits that are significant to the trusts, FHN is considered the primary beneficiary, as it is also assumed to have the power as servicer to most significantly impact the activities of such VIEs. Consolidation of the trusts results in the recognition of the trusts’ proceeds as restricted borrowings since the cash flows on the securitized loans can only be used to settle the obligations due to the holders of the trusts’ securities. In third quarter 2013, FHN agreed to sell the servicing related to one of these securitization trusts that was previously consolidated. Upon closing of this sale in January 2014, the securitization trust was de-consolidated and prospectively considered a non-consolidated VIE. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN.

The only trust included in the December 31, 2014 balance of consolidated proprietary residential mortgage securitizations is a HELOC securitization trust that has entered a rapid amortization period and for which FHN is obligated to provide subordinated funding. During this period, cash payments from borrowers are accumulated to repay outstanding debt securities while FHN continues to make advances to borrowers when they draw on their lines of credit. FHN then transfers the newly generated receivables into the securitization trust and is reimbursed only after other parties in the securitization have received all of the cash flows to which they are entitled. If loan losses requiring draws on the related monoline insurers’ policies, which protect bondholders in the securitization, exceed a certain level, FHN may not receive reimbursement for all of the funds advanced to borrowers, as the senior bondholders and the monoline insurers typically have priority for repayment. This securitization trust is currently consolidated by FHN due to FHN’s status as the Master Servicer for the securitization and the retention of a significant residual interest. Because the trust is consolidated, amounts funded from monoline insurance policies are considered as additional restricted term borrowings in FHN’s Consolidated Statements of Condition.

FHN has established certain rabbi trusts related to deferred compensation plans offered to its employees. FHN contributes employee cash compensation deferrals to the trusts and directs the underlying investments made by the trusts. The assets of these trusts are available to FHN’s creditors only in the event that FHN becomes insolvent. These trusts are considered VIEs as there is no equity at risk in the trusts since FHN provided the equity interest to its employees in exchange for services rendered. FHN is considered the primary beneficiary of the rabbi trusts as it has the power to direct the activities that most significantly impact the economic performance of the rabbi trusts through its ability to direct the underlying investments made by the trusts. Additionally, FHN could potentially receive benefits or absorb losses that are significant to the trusts due to its right to receive any asset values in excess of liability payoffs and its obligation to fund any liabilities to employees that are in excess of a rabbi trust’s assets.

Note 22 – Variable Interest Entities (Continued)

The following table summarizes VIEs consolidated by FHN as of December 31, 2014 and 2013:

	December 31, 2014				December 31, 2013
	On-Balance Sheet Consumer Loan Securitizations		Rabbi Trusts Used for Deferred Compensation Plans		On-Balance Sheet Consumer Loan Securitizations		Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)	Carrying Value		Carrying Value		Carrying Value		Carrying Value
Assets:
Cash and due from banks	$	182		N/A	$	1,244		N/A
Loans, net of unearned income		76,772		N/A		100,790		N/A
Less: Allowance for loan losses		827		N/A		4,439		N/A
Total net loans		75,945		N/A		96,351		N/A
Other assets		436	$	67,117		1,892	$	64,505
Total assets	$	76,563	$	67,117	$	99,487	$	64,505
Liabilities:
Term borrowings	$	65,612		N/A	$	89,640		N/A
Other liabilities		4	$	50,825		18	$	49,519
Total liabilities	$	65,616	$	50,825	$	89,658	$	49,519

Nonconsolidated Variable Interest Entities

Low Income Housing Partnerships. First Tennessee Housing Corporation (“FTHC”), a wholly-owned subsidiary of FTBNA, makes equity investments as a limited partner in various partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (“LIHTC”) pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants generally within FHN’s primary geographic region. LIHTC partnerships are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the LIHTC partnerships as it has a risk of loss for its initial capital contributions and funding commitments to each partnership. The general partners are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the partnerships’ economic performance and the general partners are exposed to all losses beyond FTHC’s initial capital contributions and funding commitments.

Note 22 – Variable Interest Entities (Continued)

LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not significant during 2014 or 2013 and were $3.4 million in 2012. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Statements of Income for the years ended December 31, 2014, 2013 and 2012, for LIHTC investments accounted for under the proportional amortization method.

(Dollars in thousands)	2014			2013			2012
Provision/(benefit) for income taxes
Amortization of qualifying LIHTC investments	$	9,880		$	12,246		$	12,869
Low income housing tax credits		(9,850	)		(11,543	)		(16,268	)
Other tax benefits related to qualifying LIHTC investments		(7,438	)		(3,149	)		(4,574	)

New Market Tax Credit LLCs. First Tennessee New Markets Corporation (“FTNMC”), a wholly-owned subsidiary of FTBNA, makes equity investments through wholly-owned subsidiaries as a non-managing member in various limited liability companies (“LLCs”) that sponsor community development projects utilizing the New Market Tax Credit (“NMTC”) pursuant to Section 45 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the LLCs include providing investment capital for low-income communities within FHN’s primary geographic region. A portion of the funding of FTNMC’s investment in a NMTC LLC is obtained via a loan from an unrelated third-party that is typically a community development enterprise. The NMTC LLCs are considered VIEs as FTNMC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. While FTNMC could absorb losses that are significant to the NMTC LLCs as it has a risk of loss for its initial capital contributions, the managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the NMTC LLCs’ economic performance and the managing members are exposed to all losses beyond FTNMC’s initial capital contributions.

Small Issuer Trust Preferred Holdings. FTBNA holds variable interests in trusts which have issued mandatorily redeemable preferred capital securities (“trust preferreds”) for smaller banking and insurance enterprises. FTBNA has no voting rights for the trusts’ activities. The trusts’ only assets are junior subordinated debentures of the issuing enterprises. The creditors of the trusts hold no recourse to the assets of FTBNA. These trusts meet the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. Based on the nature of the trusts’ activities and the size of FTBNA’s holdings, FTBNA could potentially receive benefits or absorb losses that are significant to the trusts regardless of whether a majority of a trust’s securities are held by FTBNA. However, since FTBNA is solely a holder of the trusts’ securities, it has no rights which would give it the power to direct the activities that most significantly impact the trusts’ economic performance and thus it is not considered the primary beneficiary of the trusts. FTBNA has no contractual requirements to provide financial support to the trusts.

On-Balance Sheet Trust Preferred Securitization. In 2007, FTBNA executed a securitization of certain small issuer trust preferreds for which the underlying trust meets the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FTBNA could potentially receive benefits or absorb losses that are significant to the trust based on the size and priority of the interests it retained in the securities issued by the trust. However, since FTBNA did not retain servicing or other decision making rights, FTBNA is not the primary beneficiary as it does not have the power to direct the activities that most significantly impact the trust’s economic performance. Accordingly, FTBNA has accounted for the funds received through the securitization as a term borrowing in its Consolidated Statements of Condition. FTBNA has no contractual requirements to provide financial support to the trust.

Proprietary Trust Preferred Issuances. FHN has previously issued junior subordinated debt to First Tennessee Capital II (“Capital II”). Capital II is considered a VIE as FHN’s capital contributions to this trust are not considered “at risk” in evaluating whether the holders of the equity investments at risk in the trust have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FHN is not the trust’s primary beneficiary as FHN’s capital contributions to the trust are not considered variable interests as they are not “at risk”. Consequently, Capital II is not consolidated by FHN.

Proprietary Residential Mortgage Securitizations. FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Additionally, FHN has no contractual requirements to provide financial support to the trusts. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. While FHN is assumed to have the power as servicer to most significantly impact the activities of such VIEs, in situations where FHN does not have the ability to

Note 22 – Variable Interest Entities (Continued)

participate in significant portions of a securitization trust’s cash flows FHN is not considered the primary beneficiary of the trust. Therefore, these trusts are not consolidated by FHN. Upon closing of the servicing sales in first quarter 2014, FHN’s interests in these securitizations declined substantially.

Agency Residential Mortgage Securitizations. During fourth quarter 2013, FHN completed the sale of substantially all servicing for Agency securitizations resulting in the de-recognition of its interests in these trusts.

Prior to third quarter 2008, FHN transferred first lien mortgages that were included in Agency-sponsored securitizations and retained MSR and in certain situations various other interests. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts held no recourse to the assets of FHN. Additionally, FHN had no contractual requirements to provide financial support to the trusts. The Agencies’ or designated third parties’ status as Master Servicer and the rights they hold consistent with their guarantees on the securities issued provide them with the power to direct the activities that most significantly impact the trusts’ economic performance. Thus, such trusts were not consolidated by FHN as it was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to the trusts.

In relation to certain Agency securitizations, FHN purchased the servicing rights on securitized loans from the loan originator and held other retained interests. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. As the Agencies serve as Master Servicer for the securitized loans and hold rights consistent with their guarantees on the securities issued, they have the power to direct the activities that most significantly impact the trusts’ economic performance. Thus, FHN was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to the trusts. FHN had no contractual requirements to provide financial support to the trusts.

On-Balance Sheet Consumer Loan Securitizations. Prior to March 31, 2014 FHN held variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its consumer lending operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts held no recourse to the assets of FHN. Based on their restrictive nature, the trusts were considered VIEs as the holders of equity at risk did not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts’ economic performance. The nonconsolidated proprietary residential mortgage securitizations as of December 31, 2013, consisted of two HELOC securitization trusts that had entered a rapid amortization period and for which FHN was obligated to provide subordinated funding. These securitization trusts were not consolidated by FHN as it was not the Master Servicer for the securitizations. FHN’s holding of a unilateral call right to reclaim specific assets in the trusts precluded sale accounting for the related securitization transactions. Thus, even though FHN was not the Master Servicer, the related transactions were accounted for as secured borrowings, with the associated loans and secured debt remaining within FHN’s Consolidated Financial Statements. These trusts were collapsed in first quarter 2014 as the collateral (loans) of the trust were repurchased and FHN eliminated the associated secured borrowing on the Consolidated Statements of Condition.

Holdings & Short Positions in Agency Mortgage-Backed Securities. FHN holds securities issued by various Agency securitization trusts. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entities’ economic performance. FHN could potentially receive benefits or absorb losses that are significant to the trusts based on the nature of the trusts’ activities and the size of FHN’s holdings. However, FHN is solely a holder of the trusts’ securities and does not have the power to direct the activities that most significantly impact the trusts’ economic performance, and is not considered the primary beneficiary of the trusts. FHN has no contractual requirements to provide financial support to the trusts.

Commercial Loan Troubled Debt Restructurings. For certain troubled commercial loans, FTBNA restructures the terms of the borrower’s debt in an effort to increase the probability of receipt of amounts contractually due. Following a troubled debt restructuring, the borrower entity typically meets the definition of a VIE as the initial determination of whether an entity is a VIE must be reconsidered as events have proven that the entity’s equity is not sufficient to permit it to finance its activities without additional subordinated financial support or a restructuring of the terms of its financing. As FTBNA does not have the power to direct the activities that most significantly impact such troubled commercial borrowers’ operations, it is not considered the primary beneficiary even in situations where, based on the size of the financing provided, FTBNA is exposed to potentially significant benefits and losses of the borrowing entity. FTBNA has no contractual requirements to provide financial support to the borrowing entities beyond certain funding commitments established upon restructuring of the terms of the debt that allows for preparation of the underlying collateral for sale.

Managed Discretionary Trusts. FHN serves as manager over certain discretionary trusts for which it makes investment decisions on behalf of the trusts’ beneficiaries in return for a reasonable management fee. The trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power, through voting rights or similar rights, to direct the activities that most

Note 22 – Variable Interest Entities (Continued)

significantly impact the entities’ economic performance. The management fees FHN receives are not considered variable interests in the trusts as all of the requirements related to permitted levels of decision maker fees are met. Therefore, the VIEs are not consolidated by FHN as it is not the trusts’ primary beneficiary. FHN has no contractual requirements to provide financial support to the trusts.

The following table summarizes FHN’s nonconsolidated VIEs as of December 31, 2014:

(Dollars in thousands)	Maximum Loss Exposure		Liability Recognized		Classification
Type
Low income housing partnerships	$	61,259	$	4,678	(a)
New market tax credit LLCs (b) (c)		21,648		—	Other assets
Small issuer trust preferred holdings (d)		364,882		—	Loans, net of unearned income
On-balance sheet trust preferred securitization		51,613		62,561	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		25,904		—	(g)
Holdings of agency mortgage-backed securities (d)		3,881,505		—	(h)
Commercial loan troubled debt restructurings (i) (j)		47,258		—	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,“Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Summary of Significant Accounting Policies for additional information.

(a) Maximum loss exposure represents $56.6 million of current investments and $4.7 million of contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.

(b) A liability is not recognized as investments are written down over the life of the related tax credit.

(c) Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.

(d) Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.

(e) Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $62.6 million classified as Term borrowings.

(f) No exposure to loss due to the nature of FHN’s involvement.

(g) Includes $.6 million and $.1 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $5.6 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $19.6 million are classified as Other assets.

(h) Includes $519.1 million classified as Trading securities and $3.4 billion classified as Securities available-for-sale.

(i) Maximum loss exposure represents $44.0 million of current receivables and $3.2 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

(j) A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

Note 22 – Variable Interest Entities (Continued)

The following table summarizes FHN’s nonconsolidated VIEs as of December 31, 2013:

(Dollars in thousands)	Maximum Loss  Exposure		Liability Recognized		Classification
Type
Low income housing partnerships	$	65,838	$	7,034	(a)
New market tax credit LLCs (b) (c)		22,774		—	Other assets
Small issuer trust preferred holdings (d)		402,307		—	Loans, net of unearned income
On-balance sheet trust preferred securitization		53,951		60,222	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		339,493		—	(g)
On-balance sheet consumer loan securitizations		22,965		221,193	(h)
Holdings of agency mortgage-backed securities (d)		3,401,539		—	(i)
Short positions in agency mortgage-backed securities (f)		N/A		854	Trading liabilities
Commercial loan troubled debt restructurings (j) (k)		62,207		—	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Summary of Significant Accounting Policies for additional information.

(a)	Maximum loss exposure represents $58.8 million of current investments and $7.0 million of contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
(b)	A liability is not recognized as investments are written down over the life of the related tax credit.
(c)	Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
(d)	Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
(e)	Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $60.2 million classified as Term borrowings.
(f)	No exposure to loss due to the nature of FHN’s involvement.
(g)	Includes $70.1 million and $.4 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $7.2 million classified as Trading securities related to proprietary and agency residential mortgage securitizations. Aggregate servicing advances of $261.8 million are classified as Other assets.

(h) Includes $244.2 million classified as Loans, net of unearned income which are offset by $221.2 million classified as Term borrowings.

(i) Includes $286.9 million classified as Trading securities and $3.1 billion classified as Securities available-for-sale.

(j) Maximum loss exposure represents $59.9 million of current receivables and $2.3 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

(k) A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

Prior to 2009, FHN utilized loan sales and securitizations as a significant source of liquidity for its mortgage banking operations. FHN no longer retains financial interests in loans it transfers to third parties.

Retained Interests

With the sales of substantially all servicing by the end of first quarter 2014, prior transfers of financial assets in which FHN has continuing involvement are no longer significant. See Note 18 – Contingencies and Other Disclosures for information regarding FHN’s repurchase exposure for claims that FHN breached its representations and warranties made in connection with the sale of loans to proprietary and agency residential mortgage securitization trusts.

Note 22 – Variable Interest Entities (Continued)

For 2013, cash flows received and paid related to loan sales and securitizations where FHN had continuing involvement were as follows:

	Year Ended
(Dollars in thousands)	December 31, 2013
Proceeds from initial sales	$	10,843
Servicing fees retained (a)		43,563
Purchases of GNMA guaranteed mortgages		97,684
Purchases of previously transferred financial assets (b) (c)		287,576
Other cash flows received on retained interests		5,482

(a) Included servicing fees on MSR associated with loan sales and purchased MSR.

(b) Included repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also included buyouts from GSEs in order to facilitate foreclosures.

(c) 2013 includes $74.7 million of cash paid related to clean-up calls exercised by FHN.

The principal amount of loans transferred through loan sales and securitizations and other loans managed with them in which FHN had continuing involvement, the principal amount of delinquent loans, and the net credit losses during the December 31, 2013 are as follows:

	Principal Amount of Residential Real Estate		Net Credit Loss
	Loans (a) (b) (c)		Year Ended
(Dollars in thousands)	December 31, 2013		December 31, 2013
Total loans managed or transferred	$	8,386,789	$	219,925

(a) Amounts represent real estate residential loans in FHN’s portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN had a retained interest other than servicing rights. Also included $39.4 million of loans transferred to GSEs with any type of retained interest other than servicing rights in 2013.

(b) Includes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in this amount was $39.8 million of GNMA guaranteed mortgages in 2013.

(c) No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 18 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.

Note 23 – Derivatives

In the normal course of business, FHN utilizes various financial instruments (including derivative contracts and credit-related agreements) through its capital markets and risk management operations, as part of its risk management strategy and as a means to meet customers’ needs. Additionally, FHN used derivatives to hedge MSR, but such hedges were terminated in third quarter 2013 when FHN entered into an agreement to sell substantially all MSR. Derivative instruments are subject to credit and market risks in excess of the amount recorded on the balance sheet as required by GAAP. The contractual or notional amounts of these financial instruments do not necessarily represent credit or market risk. However, they can be used to measure the extent of involvement in various types of financial instruments. Controls and monitoring procedures for these instruments have been established and are routinely reevaluated. The Asset/Liability Committee (“ALCO”) controls, coordinates, and monitors the usage and effectiveness of these financial instruments.

Credit risk represents the potential loss that may occur if a party to a transaction fails to perform according to the terms of the contract. The measure of credit exposure is the replacement cost of contracts with a positive fair value. FHN manages credit risk by entering into financial instrument transactions through national exchanges, primary dealers or approved counterparties, and by using mutual margining and master netting agreements whenever possible to limit potential exposure. FHN also maintains collateral posting requirements with certain counterparties to limit credit risk. On December 31, 2014 and 2013, respectively, FHN had $91.7 million and $115.2 million of cash receivables and $55.6 million and $80.6 million of cash payables related to collateral posting under master netting arrangements, inclusive of collateral posted related to contracts with adjustable collateral posting thresholds and over collateralized positions, with derivative counterparties. With exchange-traded contracts, the credit risk is limited to the clearinghouse used. For non-exchange traded instruments, credit risk may occur when there is a gain in the fair value of the financial instrument and the counterparty fails to perform according to the terms of the contract and/or when the collateral proves to be of insufficient value. See additional discussion regarding master netting agreements and collateral posting requirements later in this note under the heading “Master Netting and Similar Agreements.” Market risk represents the potential loss due to the decrease in the value of a financial instrument caused primarily by changes in interest rates or the prices of debt instruments. FHN manages market risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. FHN continually measures this risk through the use of models that measure value-at-risk and earnings-at-risk.

Derivative Instruments. FHN enters into various derivative contracts both in a dealer capacity, to facilitate customer transactions, and as a risk management tool. Where contracts have been created for customers, FHN enters into transactions with dealers to offset its risk exposure. Contracts with dealers that require central clearing are novated to a clearing agent who becomes FHN’s counterparty. Derivatives are also used as a risk management tool to hedge FHN’s exposure to changes in interest rates or other defined market risks.

Forward contracts are over-the-counter contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Futures contracts are exchange-traded contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Interest rate option contracts give the purchaser the right, but not the obligation, to buy or sell a specified quantity of a financial instrument, at a specified price, during a specified period of time. Caps and floors are options that are linked to a notional principal amount and an underlying indexed interest rate. Interest rate swaps involve the exchange of interest payments at specified intervals between two parties without the exchange of any underlying principal. Swaptions are options on interest rate swaps that give the purchaser the right, but not the obligation, to enter into an interest rate swap agreement during a specified period of time.

Capital Markets

Capital markets trades U.S. Treasury, U.S. Agency, mortgage-backed, corporate and municipal fixed income securities, and other securities for distribution to customers. When these securities settle on a delayed basis, they are considered forward contracts. Capital markets also enters into interest rate contracts, including caps, swaps, and floors, for its customers. In addition, capital markets enters into futures and option contracts to economically hedge interest rate risk associated with a portion of its securities inventory. These transactions are measured at fair value, with changes in fair value recognized currently in Capital markets noninterest income. Related assets and liabilities are recorded on the Consolidated Statements of Condition as Derivative assets and Derivative liabilities. The FTN Financial Risk Committee and the Credit Risk Management Committee collaborate to mitigate credit risk related to these transactions. Credit risk is controlled through credit approvals, risk control limits, and ongoing monitoring procedures. Total trading revenues were $170.3 million and $231.9 million for the years ended December 31, 2014 and 2013, respectively. Total revenues are inclusive of both derivative and non-derivative financial instruments, and are included in Capital markets noninterest income.

Note 23 – Derivatives (Continued)

The following tables summarize FHN’s derivatives associated with capital markets trading activities as of December 31, 2014 and 2013:

	December 31, 2014
(Dollars in thousands)	Notional		Assets		Liabilities
Customer Interest Rate Contracts	$	1,754,939	$	76,614	$	3,681
Offsetting Upstream Interest Rate Contracts		1,754,939		3,681		76,614
Option Contracts Purchased		15,000		12		—
Forwards and Futures Purchased		884,439		1,383		459
Forwards and Futures Sold		1,175,667		962		1,576

	December 31, 2013
(Dollars in thousands)	Notional		Assets		Liabilities
Customer Interest Rate Contracts	$	1,786,532	$	76,980	$	11,214
Offsetting Upstream Interest Rate Contracts		1,786,532		11,214		76,980
Option Contracts Purchased		5,000		9		—
Forwards and Futures Purchased		1,278,331		2,489		824
Forwards and Futures Sold		1,445,656		531		3,519

Interest Rate Risk Management

FHN’s ALCO focuses on managing market risk by controlling and limiting earnings volatility attributable to changes in interest rates. Interest rate risk exists to the extent that interest-earning assets and interest-bearing liabilities have different maturity or repricing characteristics. FHN uses derivatives, including swaps, caps, options, and collars, that are designed to moderate the impact on earnings as interest rates change. Interest paid or received for swaps utilized by FHN to hedge the fair value of long term debt is recognized as an adjustment of the interest expense of the liabilities whose risk is being managed. FHN’s interest rate risk management policy is to use derivatives to hedge interest rate risk or market value of assets or liabilities, not to speculate. In addition, FHN has entered into certain interest rate swaps and caps as a part of a product offering to commercial customers that includes customer derivatives paired with upstream offsetting market instruments that, when completed, are designed to mitigate interest rate risk. These contracts do not qualify for hedge accounting and are measured at fair value with gains or losses included in current earnings in Noninterest expense on the Consolidated Statements of Income.

FHN has entered into pay floating, receive fixed interest rate swaps to hedge the interest rate risk of certain term borrowings totaling $554.0 million on December 31, 2014 and 2013, respectively. These swaps have been accounted for as fair value hedges under the shortcut method. The balance sheet amount of these swaps was $15.3 million and $40.2 million in Derivative assets on December 31, 2014 and 2013, respectively. $304.0 million of these borrowings matured January 2015.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on its $500 million noncallable senior debt maturing in December 2015. This derivative qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk on this debt. The balance sheet amount of this swap was $9.1 million and $18.0 million in Derivative assets as of December 31, 2014 and 2013, respectively. There was no ineffectiveness related to this hedge.

FHN designates derivative transactions in hedging strategies to manage interest rate risk on subordinated debt related to its trust preferred securities. These qualify for hedge accounting under ASC 815-20 using the long-haul method. FHN hedges the interest rate risk of the subordinated debt totaling $200 million using a pay floating, receive fixed interest rate swap. The balance sheet amount of this swap was $3.9 million and $24.9 million in Derivative liabilities as of December 31, 2014 and 2013, respectively. There was no ineffectiveness related to this hedge.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on $400.0 million of senior debt issued by FTBNA which matures in December 2019. This qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk of the senior debt in November 2014. The balance sheet impact of this swap was $.4 million in Derivative assets on December 31, 2014. There was an insignificant level of ineffectiveness related to this hedge.

Note 23 – Derivatives (Continued)

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the years ended December 31, 2014 and 2013:

	December 31, 2014
(Dollars in thousands)	Notional		Assets		Liabilities			Gains/(Losses)
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer Interest Rate Contracts (a)	$	664,345	$	26,084	$	430		$	577
Offsetting Upstream Interest Rate Contracts (a)		664,345		430		26,584			(577	)
Debt Hedging
Hedging Instruments:
Interest Rate Swaps (b)	$	1,654,000	$	24,811	$	3,910		$	(12,126	)
Hedged Items:
Term Borrowings (b)		N/A		N/A	$	1,654,000	(c)	$	12,272	(d)

	December 31, 2013
(Dollars in thousands)	Notional		Assets		Liabilities			Gains/(Losses)
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer Interest Rate Contracts (a)	$	759,830	$	28,747	$	3,670		$	(30,057	)
Offsetting Upstream Interest Rate Contracts (a)		776,236		3,670		29,247			30,547
Debt Hedging
Hedging Instruments:
Interest Rate Swaps (b)	$	1,254,000	$	58,226	$	24,904		$	(61,853	)
Hedged Items:
Term Borrowings (b)		N/A		N/A	$	1,254,000	(c)	$	61,853	(d)

(a) Gains/losses included in the Other expense section of the Consolidated Statements of Income.

(b) Gains/losses included in the All other income and commissions section of the Consolidated Statements of Income.

(c) Represents par value of term borrowings being hedged.

(d) Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

FHN hedges held-to-maturity trust preferred loans with a principal balance of $6.5 million as of December 31, 2014 and 2013, which have an initial fixed rate term before conversion to a floating rate. FHN has entered into pay fixed, receive floating interest rate swaps to hedge the interest rate risk associated with this initial term. These hedge relationships qualify as fair value hedges under ASC 815-20. The impact of these swaps was $.7 million and $1.1 million in Derivative liabilities on the Consolidated Statements of Condition as of December 31, 2014 and 2013, respectively. Interest paid or received for these swaps is recognized as an adjustment of the interest income of the assets whose risk is being hedged. Basis adjustments remaining at the end of the hedge term are being amortized as an adjustment to interest income over the remaining life of the loans. Gains or losses are included in Other income and commissions on the Consolidated Statements of Income.

Note 23 – Derivatives (Continued)

The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the years ended December 31, 2014 and 2013:

	December 31, 2014
(Dollars in thousands)	Notional		Assets			Liabilities		Gains/(Losses)
Loan Portfolio Hedging
Hedging Instruments:
Interest Rate Swaps	$	6,500		N/A		$	744	$	262
Hedged Items:
Trust Preferred Loans (a)		N/A	$	6,500	(b)		N/A	$	(259	)(c)

	December 31, 2013
(Dollars in thousands)	Notional		Assets			Liabilities		Gains/(Losses)
Loan Portfolio Hedging
Hedging Instruments:
Interest Rate Swaps	$	6,500		N/A		$	1,006	$	1,037
Hedged Items:
Trust Preferred Loans (a)		N/A	$	6,500	(b)		N/A	$	(1,032	)(c)

(a) Assets included in the Loans, net of unearned income section of the Consolidated Statements of Condition.

(b) Represents principal balance being hedged.

(c) Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

Other Derivatives

In conjunction with the sales of a portion of its Visa Class B shares, FHN and the purchaser entered into derivative transactions whereby FHN will make or receive cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. As of December 31, 2014, the derivative liabilities associated with the sales of Visa Class B shares were $5.2 million compared to $2.9 million as of December 31, 2013. See the Visa Matters section of Note 18 – Contingencies and Other Disclosures for more information regarding FHN’s Visa shares.

FHN utilizes cross currency swaps and cross currency interest rate swaps to economically hedge its exposure to foreign currency risk and interest rate risk associated with non-U.S. dollar denominated loans. As of December 31, 2014, these loans were valued at $4.9 million. As of December 31, 2013, these loans were valued at $.6 million, the balance sheet amount and the gains/losses associated with these derivatives were not material.

Legacy Mortgage Servicing Operations

Retained Interests

Prior to first quarter 2014, FHN had significantly larger amounts of retained mortgage servicing rights. FHN revalued MSR to current fair value each month with changes in fair value included in servicing income in Mortgage banking noninterest income on the Consolidated Statements of Income. FHN entered into interest rate contracts (potentially including swaps, swaptions, and mortgage forward purchase contracts) to hedge against the effects of changes in fair value of its MSR associated with increased prepayment activity that generally results from declining interest rates. Substantially all capitalized MSR were hedged for economic purposes. In third quarter 2013, in conjunction with the agreement to sell legacy mortgage servicing, FHN terminated all hedges associated with MSR and interest-only securities.

FHN utilized derivatives as an economic hedge (potentially including swaps, swaptions, and mortgage forward purchase contracts) to protect the value of its interest-only securities that change in value inversely to the movement of interest rates. Interest-only securities are included in Trading securities on the Consolidated Statements of Condition. Changes in the fair value of these derivatives and the hedged interest-only securities are recognized currently in earnings in Mortgage banking noninterest income as a component of servicing income on the Consolidated Statements of Income.

Note 23 – Derivatives (Continued)

The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities as of and for the year ended December 31, 2013:

	December 31, 2013
(Dollars in thousands)	Notional		Assets		Liabilities		Gains/(Losses)
Retained Interests Hedging
Hedging Instruments:
Forwards and Futures	$	—	$	—	$	—	$	(3,047	)
Interest Rate Swaps and Swaptions		—		—		—		(4,275	)
Hedged Items:
Mortgage Servicing Rights		N/A	$	70,492		N/A	$	21,591
Other Retained Interests		N/A		7,195		N/A		3,813

Master Netting and Similar Agreements

As previously discussed, FHN uses master netting agreements, mutual margining agreements and collateral posting requirements to minimize credit risk on derivative contracts. Master netting and similar agreements are used when counterparties have multiple derivatives contracts that allow for a “right of setoff,” meaning that a counterparty may net offsetting positions and collateral with the same counterparty under the contract to determine a net receivable or payable. The following discussion provides an overview of these arrangements which may vary due to the derivative type and market in which a derivative transaction is executed.

Interest rate derivatives are subject to agreements consistent with standard agreement forms of the International Swap and Derivatives Association (“ISDA”). Currently, all interest rate derivative contracts are entered into as over-the-counter transactions and collateral posting requirements are based on the net asset or liability position with each respective counterparty. For contracts that require central clearing, novation to a central counterparty clearinghouse occurs and collateral is posted. Cash collateral received (posted) for interest rate derivatives is recognized as a liability (asset) on FHN’s balance sheet.

Interest rate derivatives with customers that are smaller financial institutions typically require posting of collateral by the counterparty to FHN. This collateral is subject to a threshold with daily adjustments based upon changes in the level or fair value of the derivative position. Positions and related collateral can be netted in the event of default. Collateral pledged by a counterparty is typically cash or securities. The securities pledged as collateral are not recognized within FHN’s Consolidated Statements of Condition. Interest rate derivatives associated with lending arrangements share the collateral with the related loan(s). The derivative and loan positions may be netted in the event of default. For disclosure purposes, the entire collateral amount is allocated to the loan.

Interest rate derivatives with larger financial institutions entered into prior to required central clearing typically contain provisions whereby the collateral posting thresholds under the agreements adjust based on the credit ratings of both counterparties. If the credit rating of FHN and/or FTBNA is lowered, FHN could be required to post additional collateral with the counterparties. Conversely, if the credit rating of FHN and/or FTBNA is increased, FHN could have collateral released and be required to post less collateral in the future. Also, if a counterparty’s credit ratings were to decrease, FHN and/or FTBNA could request the posting of additional collateral; whereas if a counterparty’s credit ratings were to increase, the counterparty could request the release of excess collateral. Collateral for these arrangements is adjusted daily based on changes in the net fair value position with each counterparty.

The net fair value, determined by individual counterparty, of all derivative instruments with adjustable collateral posting thresholds was $100.5 million of assets and $80.5 million of liabilities on December 31, 2014, and $119.0 million of assets and $100.3 million of liabilities on December 31, 2013. As of December 31, 2014 and 2013, FHN had received collateral of $172.1 million and $196.4 million and posted collateral of $83.0 million and $105.9 million, respectively, in the normal course of business related to these agreements.

Certain agreements entered into prior to required central clearing also contain accelerated termination provisions, inclusive of the right of offset, if a counterparty’s credit rating falls below a specified level. If a counterparty’s debt rating (including FHN’s and FTBNA’s) were to fall below these minimums, these provisions would be triggered, and the counterparties could terminate the agreements and request immediate settlement of all derivative contracts under the agreements. The net fair value, determined by individual counterparty, of all derivative instruments with credit-risk-related contingent accelerated termination provisions was $100.5 million of assets and $19.7 million of liabilities on December 31, 2014, and $119.0 million of assets and $30.1 million of liabilities on December 31, 2013. As of December 31, 2014 and 2013, FHN had received collateral of $172.1 million and $196.4 million and posted collateral of $26.6 million and $39.4 million, respectively, in the normal course of business related to these contracts.

Capital Markets buys and sells various types of securities for its customers. When these securities settle on a delayed basis, they are considered forward contracts, and are generally not subject to master netting agreements. Forwards purchased and sold through legacy

Note 23 – Derivatives (Continued)

mortgage banking activities typically consisted of mortgage to be announced (“TBA”) trades for which FHN utilized a clearinghouse for settlement. In the event of default, all open positions can be offset. For futures and options, FHN transacts through a third party, and the transactions are subject to margin and collateral maintenance requirements. In the event of default, open positions can be offset along with the associated collateral.

For this disclosure, FHN considers the impact of master netting and other similar agreements which allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net derivative asset or liability position with the related securities and cash collateral. The application of the collateral cannot reduce the net derivative asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Statements of Condition as of December 31:

							Gross amounts not offset in the
							Statement of Condition
			Gross amounts		Net amounts of		Derivative
	Gross amounts		offset in the		assets presented		liabilities
	of recognized		Statement of		in the Statement		available for			Collateral
(Dollars in thousands)	assets		Condition		of Condition (a)		offset			Received			Net amount
Derivative assets:
2014 (b)	$	131,731	$	—	$	131,731	$	(15,768	)	$	(114,230	)	$	1,733
2013 (b)		178,837		—		178,837		(68,216	)		(110,621	)		—

(a) Included in Derivative Assets on the Consolidated Statements of Condition. As of December 31, 2014 and 2013, $2.4 million and $3.0 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.

(b) 2014 and 2013 are comprised entirely of interest rate derivative contracts.

The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Statements of Condition as of December 31:

							Gross amounts not offset in the
							Statement of Condition
			Gross amounts		Net amounts of
	Gross amounts		offset in the		liabilities presented		Derivative
	of recognized		Statement of		in the Statement		assets available			Collateral
(Dollars in thousands)	liabilities		Condition		of Condition (a)		for offset			pledged			Net amount
Derivative liabilities:
2014 (b)	$	111,963	$	—	$	111,963	$	(15,768	)	$	(78,390	)	$	17,805
2013 (b)		147,021		—		147,021		(68,216	)		(59,999	)		18,806

(a) Included in Derivative Liabilities on the Consolidated Statements of Condition. As of December 31, 2014 and 2013, $7.3 million of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.

(b) 2014 and 2013 are comprised entirely of interest rate derivative contracts.

Note 24 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions

For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default. Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN’s capital markets’ business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN’s repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement. For asset positions, the collateral is not included on FHN’s Consolidated Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN’s trading or available-for-sale securities portfolios.

For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Statements of Condition and collateral pledged by counterparties as of December 31:

							Gross amounts not offset in the
							Statement of Condition
			Gross amounts		Net amounts of		Offsetting			Securities collateral
	Gross amounts		offset in the		assets presented		securities sold			(not recognized on
	of recognized		Statement of		in the Statement		under agreements			FHN’s Statement
(Dollars in thousands)	assets		Condition		of Condition		to repurchase			of Condition)			Net amount
Securities purchased under agreements to resell:
2014	$	659,154	$	—	$	659,154	$	(48,655	)	$	(602,403	)	$	8,096
2013		412,614		—		412,614		(8,672	)		(396,855	)		7,087

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Statements of Condition and collateral pledged by FHN as of December 31:

							Gross amounts not offset in the
							Statement of Condition
			Gross amounts		Net amounts of		Offsetting
	Gross amounts		offset in the		liabilities presented		securities
	of recognized		Statement of		in the Statement		purchased under			Securities
(Dollars in thousands)	liabilities		Condition		of Condition		agreements to resell			Collateral			Net amount
Securities sold under agreements to repurchase:
2014	$	562,214	$	—	$	562,214	$	(48,655	)	$	(513,463	)	$	96
2013		442,789		—		442,789		(8,672	)		(434,008	)		109

Note 25 – Fair Value of Assets & Liabilities

FHN groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. This hierarchy requires FHN to maximize the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. Each fair value measurement is placed into the proper level based on the lowest level of significant input. These levels are:

• Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets.

• Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.

• Level 3 - Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models, and similar techniques.

Transfers between fair value levels are recognized at the end of the fiscal quarter in which the associated change in inputs occurs.

Note 25 – Fair Value of Assets & Liabilities (Continued)

Recurring Fair Value Measurements

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014:

	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
U.S. treasuries	$	—	$	115,908	$	—	$	115,908
Government agency issued MBS		—		330,443		—		330,443
Government agency issued CMO		—		188,632		—		188,632
Other U.S. government agencies		—		127,263		—		127,263
States and municipalities		—		54,647		—		54,647
Trading Loans		—		15,088		—		15,088
Corporate and other debt		—		354,178		5		354,183
Equity, mutual funds, and other		—		2,590		—		2,590
Total trading securities - capital markets		—		1,188,749		5		1,188,754
Trading securities - mortgage banking:
Principal only		—		—		4,137		4,137
Interest only		—		—		167		167
Subordinated bonds		—		—		1,333		1,333
Total trading securities - mortgage banking		—		—		5,637		5,637
Loans held-for-sale		—		—		27,910		27,910
Securities available-for-sale:
U.S. treasuries		—		100		—		100
Government agency issued MBS		—		751,165		—		751,165
Government agency issued CMO		—		2,611,266		—		2,611,266
Other U.S. government agencies		—		—		1,807		1,807
States and municipalities		—		8,705		1,500		10,205
Equity, mutual funds, and other		26,264		—		—		26,264
Total securities available-for-sale		26,264		3,371,236		3,307		3,400,807
Mortgage servicing rights		—		—		2,517		2,517
Other assets:
Deferred compensation assets		25,665		—		—		25,665
Derivatives, forwards and futures		2,345		—		—		2,345
Derivatives, interest rate contracts		—		131,631		—		131,631
Derivatives, other		—		112		—		112
Total other assets		28,010		131,743		—		159,753
Total assets	$	54,274	$	4,691,728	$	39,376	$	4,785,378
Trading liabilities - capital markets:
U.S. treasuries	$	—	$	286,016	$	—	$	286,016
Other U.S. government agencies		—		1,958		—		1,958
Corporate and other debt		—		306,341		—		306,341
Total trading liabilities - capital markets		—		594,315		—		594,315
Other liabilities:
Derivatives, forwards and futures		2,035		—		—		2,035
Derivatives, interest rate contracts		—		111,964		—		111,964
Derivatives, other		—		—		5,240		5,240
Total other liabilities		2,035		111,964		5,240		119,239
Total liabilities	$	2,035	$	706,279	$	5,240	$	713,554

Note 25 – Fair Value of Assets & Liabilities (Continued)

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
U.S. treasuries	$	—	$	70,472	$	—	$	70,472
Government agency issued MBS		—		231,398		—		231,398
Government agency issued CMO		—		55,515		—		55,515
Other U.S. government agencies		—		108,265		—		108,265
States and municipalities		—		30,814		—		30,814
Corporate and other debt		—		297,440		5		297,445
Equity, mutual funds, and other		—		614		—		614
Total trading securities - capital markets		—		794,518		5		794,523
Trading securities - mortgage banking:
Principal only		—		—		5,110		5,110
Interest only		—		—		2,085		2,085
Total trading securities - mortgage banking		—		—		7,195		7,195
Loans held-for-sale		—		—		230,456		230,456
Securities available-for-sale:
U.S. treasuries		—		39,996		—		39,996
Government agency issued MBS		—		823,689		—		823,689
Government agency issued CMO		—		2,290,937		—		2,290,937
Other U.S. government agencies		—		—		2,326		2,326
States and municipalities		—		13,655		1,500		15,155
Venture capital		—		—		4,300		4,300
Equity, mutual funds, and other		23,259		—		—		23,259
Total securities available-for-sale		23,259		3,168,277		8,126		3,199,662
Mortgage servicing rights		—		—		72,793		72,793
Other assets:
Deferred compensation assets		23,880		—		—		23,880
Derivatives, forwards and futures		3,020		—		—		3,020
Derivatives, interest rate contracts		—		178,846		—		178,846
Total other assets		26,900		178,846		—		205,746
Total assets	$	50,159	$	4,141,641	$	318,575	$	4,510,375
Trading liabilities - capital markets:
U.S. treasuries	$	—	$	210,096	$	—	$	210,096
Government agency issued MBS		—		854		—		854
Other U.S. government agencies		—		3,900		—		3,900
Corporate and other debt		—		153,498		—		153,498
Total trading liabilities - capital markets		—		368,348		—		368,348
Other liabilities:
Derivatives, forwards and futures		4,343		—		—		4,343
Derivatives, interest rate contracts		—		147,021		—		147,021
Derivatives, other		—		1		2,915		2,916
Total other liabilities		4,343		147,022		2,915		154,280
Total liabilities	$	4,343	$	515,370	$	2,915	$	522,628

Note 25 – Fair Value of Assets & Liabilities (Continued)

Changes in Recurring Level 3 Fair Value Measurements

The changes in Level 3 assets and liabilities measured at fair value for the twelve months ended December 31, 2014, 2013, and 2012, on a recurring basis are summarized as follows:

	Twelve Months Ended December 31, 2014
							Securities available-for-sale						Mortgage
	Trading			Loans held-			Investment			Venture			servicing			Net derivative
(Dollars in thousands)	securities			for-sale			portfolio			Capital			rights, net			liabilities
Balance on January 1, 2014	$	7,200		$	230,456		$	3,826		$	4,300		$	72,793		$	(2,915	)
Total net gains/(losses) included in:
Net income		149			52,494			—			(2,995	)		1,248			(5,981	)
Other comprehensive income / (loss)		—			—			(64	)		—			—			—
Purchases		1,559			5,654			—			—			—			—
Issuances		—			—			—			—			—			—
Sales		(1,715	)		(236,975	)		—			(5	)		(70,204	)		—
Settlements		(1,550	)		(19,806	)		(455	)		(1,300	)		(1,320	)		3,656
Net transfers into/(out of) Level 3		—			(3,913	)(b)		—			—			—			—
Balance on December 31, 2014	$	5,643		$	27,910		$	3,307		$	—		$	2,517		$	(5,240	)
Net unrealized gains/(losses) included in net income	$	225	(a)	$	1,991	(a)	$	—		$	—		$	43	(a)	$	(5,981	)(c)

	Twelve Months Ended December 31, 2013
									Securities available-for-sale					Mortgage						Other
			Trading			Loans held-			Investment			Venture		servicing			Net derivative			short-term
(Dollars in thousands)			securities			for-sale			portfolio			Capital		rights, net			liabilities			borrowings
Balance on January 1, 2013		$	17,992		$	221,094		$	5,253		$	4,300	$	114,311		$	(2,175	)	$	(11,156	)
Total net gains/(losses) included in:
Net income			5,028			(4,387	)		—			—		20,182			(2,013	)		(3	)
Other comprehensive income /(loss)			—			—			(114	)		—		—			—			—
Purchases			—			69,929			—			—		—			—			—
Issuances			—			—			—			—		—			—			—
Sales			(7,784	)		—			—			—		(39,633	)		—			11,159
Settlements			(8,036	)		(40,369	)		(1,313	)		—		(22,067	)		1,273			—
Net transfers into/(out of) Level 3			—			(15,811	)(b)		—			—		—			—			—
Balance on December 31, 2013		$	7,200		$	230,456		$	3,826		$	4,300	$	72,793		$	(2,915	)	$	—
Net unrealized gains/(losses) included in net income		$	1,237	(a)	$	(4,387	)(a)	$	—		$	—	$	17,394	(a)	$	2,013	(c)	$	—	(a)

	Twelve Months Ended December 31, 2012
							Securities available-for-sale						Mortgage						Other
	Trading			Loans held-			Investment			Venture			servicing			Net derivative			short-term
(Dollars in thousands)	securities			for-sale			portfolio			capital			rights			liabilities			borrowings
Balance on January 1, 2012	$	18,059		$	210,487		$	7,262		$	12,179		$	144,069		$	(11,820)		$	(14,833	)
Total net gains/(losses) included in:
Net income		3,678			(2,618	)		—			371			(5,075	)		(1,757	)		3,677
Other comprehensive income		—			—			(234	)		—			—			—			—
Purchases		—			60,111			—			—			—			—			—
Sales		—			—			—			(8,250	)		—			—			—
Settlements		(9,225	)		(27,032	)		(1,775	)		—			(24,683	)		11,402			—
Net transfers into/(out of) Level 3		5,480			(19,854	)(b)		—			—			—			—			—
Balance on December 31, 2012	$	17,992		$	221,094		$	5,253		$	4,300		$	114,311		$	(2,175	)	$	(11,156	)
Net unrealized gains/(losses) included in net income	$	2,084	(a)	$	(2,618	)(a)	$	—		$	(4,700	)(d)	$	(3,957	)(a)	$	(1,757	)(c)	$	3,677	(a)

(a)	Primarily included in mortgage banking income on the Consolidated Statements of Income.
(b)	Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
(c)	Included in Other expense.
(d)	Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.

In third quarter 2014, FHN completed sales of first lien mortgage loans from its loans held-for-sale portfolio. The sale populations primarily represented loans that had been originated with the intent to sell to FNMA or FHLMC and consisted of repurchased loans as well as loans that remained after FHN’s exit of mortgage origination activities in 2008. Smaller amounts of jumbo loans were also included in the sale, along with some loans insured under government programs. Almost all of these loans had been accounted for at elected fair value (a recurring measurement) with a small amount having been accounted for as LOCOM loans (a nonrecurring measurement). The contracted sale values for the loans reflected a substantial improvement in pricing for pre-2009 vintage first lien

Note 25 – Fair Value of Assets & Liabilities (Continued)

mortgages in comparison to FHN’s historical methodologies used to estimate fair value, which incorporate significant Level 3 inputs within a discounted cash flow model. Accordingly, the loans being sold were marked to the revised estimate of fair value during the quarter and the pricing evidence from the sale transactions was considered a Level 2 input within the valuation process for the remaining non-governmental guaranteed portion of first lien mortgage loans held-for-sale. In fourth quarter 2012, FHN determined that the level of market information on prepayment speeds and discount rates associated with its principal only trading securities had become more limited. In response, FHN increased its use of observable inputs and transferred these balances to Level 3.

Note 25 – Fair Value of Assets & Liabilities (Continued)

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at December 31, 2014, 2013, and 2012, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Twelve Months Ended
	Carrying value at December 31, 2014								December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	—	$	3,322	$	—	$	3,322	$	46
Loans held-for-sale - first mortgages		—		—		846		846		(470	)
Loans, net of unearned income (a)		—		—		40,531		40,531		(714	)
Real estate acquired by foreclosure (b)		—		—		30,430		30,430		(3,465	)
Other assets (c)		—		—		28,660		28,660		(2,087	)
									$	(6,690	)
									Twelve Months Ended
	Carrying value at December 31, 2013								December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	—	$	6,185	$	—	$	6,185	$	(122	)
Loans held-for-sale - first mortgages		—		—		9,457		9,457		139
Loans, net of unearned income (a)		—		—		62,839		62,839		(3,109	)
Real estate acquired by foreclosure (b)		—		—		45,753		45,753		(4,987	)
Other assets (c)		—		—		30,810		30,810		(2,021	)
									$	(10,100	)
									Twelve Months Ended
	Carrying value at December 31, 2012								December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	—	$	23,902	$	—	$	23,902	$	15
Loans held-for-sale - first mortgages		—		—		12,054		12,054		(436	)
Loans, net of unearned income (a)		—		—		117,064		117,064		(55,948	)
Real estate acquired by foreclosure (b)		—		—		41,767		41,767		(9,422	)
Other assets (c)		—		—		32,370		32,370		(4,478	)
									$	(70,269	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

(a) Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.

(b) Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.

(c) Represents tax credit investments accounted for under the equity method.

In first quarter 2013, FHN exercised clean-up calls on first lien mortgage proprietary securitization trusts. In accordance with accounting requirements, FHN initially recognized the associated loans at fair value. Fair value was primarily determined through reference to observable inputs, including current market prices for similar loans. Since these loans were from the 2003 vintage, adjustments were made for the higher yields associated with the loans in comparison to more currently originated loans being sold. This resulted in recognition of an immaterial premium for these transactions.

Note 25 – Fair Value of Assets & Liabilities (Continued)

Level 3 Measurements

The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of December 31, 2014 and 2013:

(Dollars in Thousands)

	Fair Value at
Level 3 Class	December 31, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	5,637	Discounted cash flow	Prepayment speeds	41% - 46%
				Discount rate	8% - 56%
Loans held-for-sale - residential real estate		28,756	Discounted cash flow	Prepayment speeds - First mortgage	2% - 12%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	50% - 60%
				Loss severity trends - First mortgage	10% - 70% of UPB
				Loss severity trends - HELOC	45% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Mortgage servicing rights (a)		2,517	Discounted cash flow	Prepayment speeds	15.2 CPR
				Discount rate	9.8%
				Cost to service	$141.40/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		5,240	Discounted cash flow	Visa covered litigation resolution amount	$4.8 billion - $5.6 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 48 months
Loans, net of unearned income (b)		40,531	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		30,430	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		28,660	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.  

(a) The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.

(b) Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.

(c) Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.

(d) Represents tax credit investments accounted for under the equity method.

Note 25 – Fair Value of Assets & Liabilities (Continued)

(Dollars in Thousands)
	Fair Value at
Level 3 Class	December 31, 2013		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	7,195	Discounted cash flow	Prepayment speeds	38% - 45%
				Discount rate	NM
Loans held-for-sale - residential real estate		239,913	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	3% - 12%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw Rate - HELOC	2% - 11%
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights (a)		72,793	Discounted cash flow	Prepayment speeds	19.7 CPR
				Discount rate	8.6%
				Cost to service	$162.00/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		2,915	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.0 billion
				Probability of resolution scenarios	15% - 45%
				Time until resolution	6 - 30 months
Loans, net of unearned income (b)		62,839	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction Values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		45,753	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		30,810	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

NM – not meaningful

(a) The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.

(b) Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.

(c) Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.

(d) Represents tax credit investments accounted for under the equity method.

Note 25 – Fair Value of Assets & Liabilities (Continued)

Mortgage servicing rights and other retained interests. Prepayment rates and credit spreads (part of the discount rate) are significant unobservable inputs used in the fair value measurement of FHN’s MSR and mortgage trading securities which include principal only strips, excess interest IO, and subordinated bonds. Cost to service and earnings on escrow are additional unobservable inputs included in the valuation of MSR. Increases in prepayment rates, credit spreads and costs to service in isolation would result in significantly lower fair value measurements for the associated assets. Conversely, decreases in prepayment rates, credit spreads and costs to service in isolation would result in significantly higher fair value measurements for the associated assets. An increase/(decrease) in earnings on escrow in isolation would be accompanied by an increase/(decrease) in the value of the related MSR. Generally, when market interest rates decline and other factors favorable to prepayments occur, there is a corresponding increase in prepayment rates as customers are expected to refinance existing mortgages under more favorable interest rate terms. Generally, changes in discount rates directionally mirror the changes in market interest rates. In third quarter 2013, FHN agreed to sell substantially all its remaining legacy mortgage servicing. Sales commenced in fourth quarter 2013 and were substantially completed in first quarter 2014. FHN used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR and excess interest, as a third-party pricing source in the valuation of the remaining servicing assets as of December 31, 2014.

Prior to the contracted servicing sale, the MSR Hedging Working Group reviewed the overall assessment of the estimated fair value of MSR and excess interests weekly and was responsible for approving the critical assumptions used by management to determine the estimated fair value of FHN’s retained interests. In addition, this working group reviewed the source of significant changes to the carrying values each quarter and was responsible for hedges and approving hedging strategies during periods when the MSR was hedged. Hedges were terminated upon execution of the definitive agreement to sell servicing. Subsequent to the contracted servicing sale, FHN’s Corporate Accounting Department monitors sale activity and changes in the fair value of MSR and excess interest monthly.

Prior to the contracted servicing sale, FHN also engaged in a process referred to as “price discovery” on a quarterly basis to assess the reasonableness of the estimated fair value of retained interests. Price discovery was conducted through a process of obtaining the following information: (1) quarterly informal (and an annual formal) valuation of the servicing portfolio by prominent independent mortgage-servicing brokers and (2) a collection of surveys and benchmarking data made available by independent third parties that include peer participants in the mortgage banking business. Although there was no single source of market information that could be relied upon to assess the fair value of MSR or excess interests, FHN reviewed all information obtained during price discovery to determine whether the estimated fair value of MSR was reasonable when compared to market information.

Loans held-for-sale. Prepayment rates, foreclosure losses (2014), credit spreads (2013), and delinquency adjustment factors (2013) are significant unobservable inputs used in the fair value measurement of FHN’s residential real estate loans held-for-sale. Loss severity trends are also assessed to evaluate the reasonableness of fair value estimates resulting from discounted cash flows methodologies as well as to estimate fair value for newly repurchased loans and loans that are near foreclosure. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. Draw rates are an additional significant unobservable input for HELOCs. Increases (decreases) in the draw rate estimates for HELOCs would increase (decrease) their fair value. All observable and unobservable inputs are re-assessed monthly. Fair value measurements are reviewed at least monthly by FHN’s Corporate Accounting Department.

Venture capital investments. The unobservable inputs used in the estimation of fair value for Venture capital investments were adjustments for minority interest and small business status when compared to industry comparables, reduction of cash flow estimates due to industry uncertainty and the discount rate and earnings capitalization rate for a discounted cash flow analysis. For both valuation techniques, the inputs were intended to reflect the nature of the small business and the status of equity tranches held by FHN in relation to the overall valuation. The valuation of venture capital investments was reviewed at least quarterly by FHN’s Equity Investment Review Committee. Changes in valuation were discussed with respect to the appropriateness of the adjustments in relation to the associated triggering events.

Derivative liabilities. The determination of fair value for FHN’s derivative liabilities associated with its prior sales of Visa Class B shares include estimation of both the resolution amount for Visa’s Covered Litigation matters as well as the length of time until the resolution occurs. Significant increases (decreases) in either of these inputs in isolation would result in significantly higher (lower) fair value measurements for the derivative liabilities. Additionally, FHN performs a probability weighted multiple resolution scenario to calculate the estimated fair value of these derivative liabilities. Assignment of higher (lower) probabilities to the larger potential resolution scenarios would result in an increase (decrease) in the estimated fair value of the derivative liabilities. The valuation inputs and process are discussed with senior and executive management when significant events affecting the estimate of fair value occur. Inputs are compared to information obtained from the public issuances and filings of Visa, Inc. as well as public information released by other participants in the applicable litigation matters.

Loans, net of unearned income and Real estate acquired by foreclosure. Collateral-dependent loans and Real estate acquired by foreclosure are primarily valued using appraisals based on sales of comparable properties in the same or similar markets. Multiple appraisal firms are utilized to ensure that estimated values are consistent between firms. This process occurs within FHN’s Credit Risk

Note 25 – Fair Value of Assets & Liabilities (Continued)

Management and Loan Servicing functions (primarily consumer) and the Credit Risk Management Committee reviews valuation methodologies and loss information for reasonableness. Back testing is performed during the year through comparison to ultimate disposition values and is reviewed quarterly within the Credit Risk Management function. Other collateral (receivables, inventory, equipment, etc.) is valued through borrowing base certificates, financial statements and/or auction valuations. These valuations are discounted based on the quality of reporting, knowledge of the marketability/collectability of the collateral and historical disposition rates.

Other assets – tax credit investments. The estimated fair value of tax credit investments accounted for under the equity method is generally determined in relation to the yield (i.e., future tax credits to be received) an acquirer of these investments would expect in relation to the yields experienced on current new issue and/or secondary market transactions. Thus, as tax credits are recognized, the future yield to a market participant is reduced, resulting in consistent impairment of the individual investments. Individual investments are reviewed for impairment quarterly, which may include the consideration of additional marketability discounts related to specific investments. Unusual valuation adjustments, and the associated triggering events, are discussed with senior and executive management, when appropriate. A portfolio review is conducted annually, with the assistance of a third party, to assess the reasonableness of current valuations.

Fair Value Option

FHN elected the fair value option on a prospective basis for almost all types of mortgage loans originated for sale purposes under the Financial Instruments Topic (“ASC 825”). FHN determined that the election reduced certain timing differences and better matched changes in the value of such loans with changes in the value of derivatives used as economic hedges for these assets at the time of election. After the 2008 divestiture of certain mortgage banking operations and the significant decline of mortgage loans originated for sale, FHN discontinued hedging the mortgage warehouse.

Repurchased loans are recognized within loans held-for-sale at fair value at the time of repurchase, which includes consideration of the credit status of the loans and the estimated liquidation value. FHN has elected to continue recognition of these loans at fair value in periods subsequent to reacquisition. Due to the credit-distressed nature of the vast majority of repurchased loans and the related loss severities experienced upon repurchase, FHN believes that the fair value election provides a more timely recognition of changes in value for these loans that occur subsequent to repurchase. Absent the fair value election, these loans would be subject to valuation at the LOCOM value, which would prevent subsequent values from exceeding the initial fair value, determined at the time of repurchase, but would require recognition of subsequent declines in value. Thus, the fair value election provides for a more timely recognition of any potential future recoveries in asset values while not affecting the requirement to recognize subsequent declines in value.

Prior to 2010, FHN transferred certain servicing assets in transactions that did not qualify for sale treatment due to certain recourse provisions. In fourth quarter 2013, these recourse provisions expired and the transaction was recognized as a sale. Prior to fourth quarter 2013, the associated proceeds were recognized within other short-term borrowings in the Consolidated Statements of Condition. Since the servicing assets were recognized at fair value and changes in the fair value of the related financing liabilities mirrored the change in fair value of the associated servicing assets, management elected to account for the financing liabilities at fair value. Since the servicing assets had already been delivered to the buyer, the fair value of the financing liabilities associated with the transaction did not reflect any instrument-specific credit risk.

Note 25 – Fair Value of Assets & Liabilities (Continued)

The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
	December 31, 2014
(Dollars in thousands)	Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
Total loans	$	27,910	$	43,822	$	(15,912	)
Nonaccrual loans		7,430		14,316		(6,886	)
Loans 90 days or more past due and still accruing		2,587		4,000		(1,413	)

	December 31, 2013
(Dollars in thousands)	Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
Total loans	$	230,456	$	378,326	$	(147,870	)
Nonaccrual loans		64,231		137,301		(73,070	)
Loans 90 days or more past due and still accruing		7,765		15,854		(8,089	)

Note 25 – Fair Value of Assets & Liabilities (Continued)

Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:

	Twelve Months Ended
	December 31
(Dollars in thousands)		2014		2013			2012
Changes in fair value included in net income:
Mortgage banking noninterest income
Loans held-for-sale	$	52,494	$	(4,387	)	$	(2,618	)
Other short-term borrowings		—		(3	)		3,677

For the twelve months ended December 31, 2014, 2013, and 2012, the amounts for residential real estate loans held-for-sale include a gain of $2.8 million and a loss of $1.5 million and $1.8 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. The portion of the fair value adjustments related to credit risk was determined based on both a quality adjustment for delinquencies and the full credit spread on the non-conforming loans. Interest income on residential real estate loans held-for-sale measured at fair value is calculated based on the note rate of the loan and is recorded in the interest income section of the Consolidated Statements of Income as interest on loans held-for-sale.

Determination of Fair Value

In accordance with ASC 820-10-35, fair values are based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following describes the assumptions and methodologies used to estimate the fair value of financial instruments and MSR recorded at fair value in the Consolidated Statements of Condition and for estimating the fair value of financial instruments for which fair value is disclosed under ASC 825-10-50.

Short-term financial assets. Federal funds sold, securities purchased under agreements to resell, and interest bearing deposits with other financial institutions and the Federal Reserve are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization.

Trading securities and trading liabilities. Trading securities and trading liabilities are recognized at fair value through current earnings. Trading inventory held for broker-dealer operations is included in trading securities and trading liabilities. Broker-dealer long positions are valued at bid price in the bid-ask spread. Short positions are valued at the ask price. Inventory positions are valued using observable inputs including current market transactions, LIBOR and U.S. treasury curves, credit spreads, and consensus prepayment speeds. Trading loans are valued using observable inputs including current market transactions, swap rates, mortgage rates, and consensus prepayment speeds.

Trading securities also include retained interests in prior securitizations that qualify as financial assets, which primarily include interest-only strips, principal-only strips and subordinated bonds. In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing, including excess interest. Since that time FHN has used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the excess interest, as a third-party pricing source in the valuation of the excess interest. FHN uses inputs including yield curves, credit spreads, and prepayment speeds to determine the fair value of principal-only strips. Subordinated bonds are bonds with junior priority and are valued using an internal model which includes contractual terms, frequency and severity of loss (credit spreads), prepayment speeds of the underlying collateral, and the yield that a market participant would require.

Prior to the third quarter 2013 sale, the fair value of excess interest was determined using prices from closely comparable assets such as MSR that were tested against prices determined using a valuation model that calculated the present value of estimated future cash flows. Inputs utilized in valuing excess interest were consistent with those used to value the related MSR. The fair value of excess interest typically changes based on changes in the discount rate and differences between modeled prepayment speeds and credit losses and actual experience. FHN used assumptions in the model that it believes are comparable to those used by brokers and other service providers. FHN also periodically compared its estimates of fair value and assumptions with brokers, service providers, recent market activity, and against its own experience.

Securities available-for-sale. Securities available-for-sale includes the investment portfolio accounted for as available-for-sale under ASC 320-10-25, federal bank stock holdings, short-term investments in mutual funds, and prior to third quarter 2014, venture capital investments. Valuations of available-for-sale securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves, consensus prepayment estimates, and credit spreads. When available, broker quotes are used to support these valuations. Certain government agency debt obligations with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary

Note 25 – Fair Value of Assets & Liabilities (Continued)

observable inputs include contractual cash flows and the treasury curve. Significant unobservable inputs include estimated trading spreads and estimated prepayment speeds.

Investments in the stock of the Federal Reserve Bank and Federal Home Loan Banks are recognized at historical cost in the Consolidated Statements of Condition which is considered to approximate fair value. Short-term investments in mutual funds are measured at the funds’ reported closing net asset values. Investments in equity securities are valued using quoted market prices. Prior to 2014, venture capital investments were typically measured using significant internally generated inputs including adjustments to industry comparables and discounted cash flows analysis.

Securities held-to-maturity. Securities held-to-maturity reflects debt securities for which management has the positive intent and ability to hold to maturity. To the extent possible, valuations of held-to-maturity securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves and credit spreads. Debt securities with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows, the treasury curve and credit spreads from similar instruments. Significant unobservable inputs include estimated credit spreads for individual issuers and instruments as well as prepayment speeds, as applicable.

Loans held-for-sale. For applicable loans current transaction prices and /or bid values on similar assets are used in valuing residential real estate loans held-for-sale. Uncommitted bids may be adjusted based on other available market information. For all other loans FHN determines the fair value of residential real estate loans held-for-sale using a discounted cash flow model which incorporates both observable and unobservable inputs. Commencing in fourth quarter 2014, inputs include current mortgage rates for similar products, estimated prepayment rates, foreclosure losses, and various loan performance measures (delinquency, LTV, credit score). Prior to fourth quarter 2014, typical inputs included contractual cash flow requirements, current mortgage rates for similar products, estimated prepayment rates, credit spreads and delinquency penalty adjustments. Adjustments for delinquency and other differences in loan characteristics are typically reflected in the model’s discount rates. Loss severity trends and the value of underlying collateral are also considered in assessing the appropriate fair value for severely delinquent loans and loans in foreclosure. The valuation of HELOCs also incorporates estimates of loan draw rates as well as estimated cancellation rates for loans expected to become delinquent.

Loans held-for-sale also includes loans made by the Small Business Administration (“SBA”), which are accounted for at LOCOM. The fair value of SBA loans is determined using an expected cash flow model that utilizes observable inputs such as the spread between LIBOR and prime rates, consensus prepayment speeds, and the treasury curve. The fair value of other non-residential real estate loans held-for-sale is approximated by their carrying values based on current transaction values.

Loans, net of unearned income. Loans, net of unearned income are recognized at the amount of funds advanced, less charge-offs and an estimation of credit risk represented by the allowance for loan losses. The fair value estimates for disclosure purposes differentiate loans based on their financial characteristics, such as product classification, vintage, loan category, pricing features, and remaining maturity.

The fair value of floating rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is considered to approximate book value due to the monthly repricing for commercial and consumer loans, with the exception of floating rate 1-4 family residential mortgage loans which reprice annually and will lag movements in market rates. The fair value for floating rate 1-4 family mortgage loans is calculated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period.

Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the floating rate 1-4 family residential mortgage portfolio.

The fair value of fixed rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is estimated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period. Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the fixed rate mortgage and installment loan portfolios.

For all loan portfolio classes, adjustments are made to reflect liquidity or illiquidity of the market. Such adjustments reflect discounts that FHN believes are consistent with what a market participant would consider in determining fair value given current market conditions.

Note 25 – Fair Value of Assets & Liabilities (Continued)

Individually impaired loans are measured using either a discounted cash flow methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral-dependent. In accordance with accounting standards, the discounted cash flow analysis utilizes the loan’s effective interest rate for discounting expected cash flow amounts. Thus, this analysis is not considered a fair value measurement in accordance with ASC 820. However, the results of this methodology are considered to approximate fair value for the applicable loans. Expected cash flows are derived from internally-developed inputs primarily reflecting expected default rates on contractual cash flows. For loans measured using the estimated fair value of collateral less costs to sell, fair value is estimated using appraisals of the collateral. Collateral values are monitored and additional write-downs are recognized if it is determined that the estimated collateral values have declined further. Estimated costs to sell are based on current amounts of disposal costs for similar assets. Carrying value is considered to reflect fair value for these loans.

Mortgage servicing rights. FHN recognizes all classes of MSR at fair value. In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing. Since that time FHN has used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR, as a third-party pricing source in the valuation of the MSR.

Since sales of MSR tend to occur in private transactions and the precise terms and conditions of the sales are typically not readily available, there is a limited market to refer to in determining the fair value of MSR. As such, prior to the third quarter 2013 sale agreement, FHN primarily relied on a discounted cash flow model to estimate the fair value of its MSR. This model calculated estimated fair value of the MSR using predominant risk characteristics of MSR such as interest rates, type of product (fixed vs. variable), age (new, seasoned, or moderate), agency type and other factors. FHN used assumptions in the model that it believed were comparable to those used by brokers and other service providers. FHN also periodically compared its estimates of fair value and assumptions with brokers, service providers, recent market activity, and against its own experience.

Derivative assets and liabilities. The fair value for forwards and futures contracts is based on current transactions involving identical securities. Futures contracts are exchange-traded and thus have no credit risk factor assigned as the risk of non-performance is limited to the clearinghouse used.

Valuations of other derivatives (primarily interest rate related swaps, swaptions, caps, and collars) are based on inputs observed in active markets for similar instruments. Typical inputs include the LIBOR curve, Overnight Indexed Swap (“OIS”) curve, option volatility, and option skew. In measuring the fair value of these derivative assets and liabilities, FHN has elected to consider credit risk based on the net exposure to individual counterparties. Credit risk is mitigated for these instruments through the use of mutual margining and master netting agreements as well as collateral posting requirements. Any remaining credit risk related to interest rate derivatives is considered in determining fair value through evaluation of additional factors such as customer loan grades and debt ratings. Foreign currency related derivatives also utilize observable exchange rates in the determination of fair value.

In conjunction with the sales of portions of its Visa Class B shares, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The fair value of these derivatives has been determined using a discounted cash flow methodology for estimated future cash flows determined through use of probability weighted scenarios for multiple estimates of Visa’s aggregate exposure to covered litigation matters, which include consideration of amounts funded by Visa into its escrow account for the covered litigation matters. Since this estimation process required application of judgment in developing significant unobservable inputs used to determine the possible outcomes and the probability weighting assigned to each scenario, these derivatives have been classified within Level 3 in fair value measurements disclosures.

Real estate acquired by foreclosure. Real estate acquired by foreclosure primarily consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Estimated fair value is determined using appraised values with subsequent adjustments for deterioration in values that are not reflected in the most recent appraisal. Real estate acquired by foreclosure also includes properties acquired in compliance with HUD servicing guidelines which are carried at the estimated amount of the underlying government insurance or guarantee.

Nonearning assets. For disclosure purposes, nonearning assets include cash and due from banks, accrued interest receivable, and capital markets receivables. Due to the short-term nature of cash and due from banks, accrued interest receivable, and capital markets receivables, the fair value is approximated by the book value.

Other assets. For disclosure purposes, other assets consist of tax credit investments and deferred compensation assets that are considered financial assets. Tax credit investments accounted for under the equity method are written down to estimated fair value quarterly based on the estimated value of the associated tax credits which incorporates estimates of required yield for hypothetical investors. The fair value of all other tax credit investments is estimated using recent transaction information with adjustments for differences in individual investments. Deferred compensation assets are recognized at fair value, which is based on quoted prices in active markets.

Note 25 – Fair Value of Assets & Liabilities (Continued)

Defined maturity deposits. The fair value of these deposits is estimated by discounting future cash flows to their present value. Future cash flows are discounted by using the current market rates of similar instruments applicable to the remaining maturity. For disclosure purposes, defined maturity deposits include all certificates of deposit and other time deposits.

Undefined maturity deposits. In accordance with ASC 825, the fair value of these deposits is approximated by the book value. For the purpose of this disclosure, undefined maturity deposits include demand deposits, checking interest accounts, savings accounts, and money market accounts.

Short-term financial liabilities. The fair value of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings are approximated by the book value. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Prior to fourth quarter 2013, Other short-term borrowings included a liability associated with transfers of MSR that did not qualify for sale accounting. This liability was accounted for at elected fair value, which was measured consistent with the related MSR, as previously described.

Term borrowings. The fair value of term borrowings is based on quoted market prices or dealer quotes for the identical liability when traded as an asset. When pricing information for the identical liability is not available, relevant prices for similar debt instruments are used with adjustments being made to the prices obtained for differences in characteristics of the debt instruments. If no relevant pricing information is available, the fair value is approximated by the present value of the contractual cash flows discounted by the investor’s yield which considers FHN’s and FTBNA’s debt ratings.

Other noninterest-bearing liabilities. For disclosure purposes, other noninterest-bearing liabilities include accrued interest payable and capital markets payables. Due to the short-term nature of these liabilities, the book value is considered to approximate fair value.

Loan commitments. Fair values of these commitments are based on fees charged to enter into similar agreements taking into account the remaining terms of the agreements and the counterparties’ credit standing.

Other commitments. Fair values of these commitments are based on fees charged to enter into similar agreements.

The following fair value estimates are determined as of a specific point in time utilizing various assumptions and estimates. The use of assumptions and various valuation techniques, as well as the absence of secondary markets for certain financial instruments, will likely reduce the comparability of fair value disclosures between financial institutions. Due to market illiquidity, the fair values for loans, net of unearned income, loans held-for-sale, and term borrowings as of December 31, 2014 and 2013, involve the use of significant internally-developed pricing assumptions for certain components of these line items. These assumptions are considered to reflect inputs that market participants would use in transactions involving these instruments as of the measurement date. Assets and liabilities that are not financial instruments (including MSR) have not been included in the following table such as the value of long-term relationships with deposit and trust customers, premises and equipment, goodwill and other intangibles, deferred taxes, and certain other assets and other liabilities. Accordingly, the total of the fair value amounts does not represent, and should not be construed to represent, the underlying value of the Company.

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Statements of Condition as well as unfunded commitments as of December 31, 2014 and 2013.

Note 25 – Fair Value of Assets & Liabilities (Continued)

	December 31, 2014
	Book		Fair Value
(Dollars in thousands)	Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
Commercial:
Commercial, financial and industrial	$	8,940,275	$	—	$	—	$	8,902,045	$	8,902,045
Commercial real estate		1,259,143		—		—		1,243,404		1,243,404
Retail:
Consumer real estate		4,935,060		—		—		4,747,761		4,747,761
Permanent mortgage		519,839		—		—		483,179		483,179
Credit card & other		343,401		—		—		345,198		345,198
Total loans, net of unearned income and allowance for loan losses		15,997,718		—		—		15,721,587		15,721,587
Short-term financial assets
Interest-bearing cash		1,621,967		1,621,967		—		—		1,621,967
Federal funds sold		63,080		—		63,080		—		63,080
Securities purchased under agreements to resell		659,154		—		659,154		—		659,154
Total short-term financial assets		2,344,201		1,621,967		722,234		—		2,344,201
Trading securities (a)		1,194,391		—		1,188,749		5,642		1,194,391
Loans held-for-sale (a)		141,285		—		3,322		137,963		141,285
Securities available-for-sale (a) (b)		3,556,613		26,264		3,371,236		159,113		3,556,613
Securities held-to-maturity		4,292		—		—		5,404		5,404
Derivative assets (a)		134,088		2,345		131,743		—		134,088
Other assets
Tax credit investments		82,907		—		—		65,314		65,314
Deferred compensation assets		25,665		25,665		—		—		25,665
Total other assets		108,572		25,665		—		65,314		90,979
Nonearning assets
Cash & due from banks		349,171		349,171		—		—		349,171
Capital markets receivables		42,488		—		42,488		—		42,488
Accrued interest receivable		67,301		—		67,301		—		67,301
Total nonearning assets		458,960		349,171		109,789		—		458,960
Total assets	$	23,940,120	$	2,025,412	$	5,527,073	$	16,095,023	$	23,647,508
Liabilities:
Deposits:
Defined maturity	$	1,276,938	$	—	$	1,282,833	$	—	$	1,282,833
Undefined maturity		16,792,001		—		16,792,001		—		16,792,001
Total deposits		18,068,939		—		18,074,834		—		18,074,834
Trading liabilities (a)		594,314		—		594,315		—		594,315
Short-term financial liabilities
Federal funds purchased		1,037,052		—		1,037,052		—		1,037,052
Securities sold under agreements to repurchase		562,214		—		562,214		—		562,214
Other short-term borrowings		157,218		—		157,218		—		157,218
Total short-term financial liabilities		1,756,484		—		1,756,484		—		1,756,484
Term borrowings
Real estate investment trust-preferred		45,896		—		—		49,350		49,350
Term borrowings - new market tax credit investment		18,000		—		—		18,049		18,049
Borrowings secured by residential real estate		65,612		—		—		56,623		56,623
Other long term borrowings		1,750,597		—		1,730,061		—		1,730,061
Total term borrowings		1,880,105		—		1,730,061		124,022		1,854,083
Derivative liabilities (a)		119,239		2,035		111,964		5,240		119,239
Other noninterest-bearing liabilities
Capital markets payables		18,157		—		18,157		—		18,157
Accrued interest payable		23,995		—		23,995		—		23,995
Total other noninterest-bearing liabilities		42,152		—		42,152		—		42,152
Total liabilities	$	22,461,233	$	2,035	$	22,309,810	$	129,262	$	22,441,107

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

(a)	Classes are detailed in the recurring and nonrecurring measurement tables.
(b)	Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

Note 25 – Fair Value of Assets & Liabilities (Continued)

	December 31, 2013
	Book		Fair Value
(Dollars in thousands)	Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
Commercial:
Commercial, financial and industrial	$	7,837,130	$	—	$	—	$	7,759,902	$	7,759,902
Commercial real estate		1,122,676		—		—		1,075,385		1,075,385
Retail:
Consumer real estate		5,206,586		—		—		4,858,031		4,858,031
Permanent mortgage		639,751		—		—		606,038		606,038
Credit card & other		329,122		—		—		331,088		331,088
Total loans, net of unearned income and allowance for loan losses		15,135,265		—		—		14,630,444		14,630,444
Short-term financial assets
Interest-bearing cash		730,297		730,297		—		—		730,297
Federal funds sold		66,079		—		66,079		—		66,079
Securities purchased under agreements to resell		412,614		—		412,614		—		412,614
Total short-term financial assets		1,208,990		730,297		478,693		—		1,208,990
Trading securities (a)		801,718		—		794,518		7,200		801,718
Loans held-for-sale (a)		370,152		—		6,185		363,967		370,152
Securities available-for-sale (a) (b)		3,398,457		23,259		3,168,277		206,921		3,398,457
Derivative assets (a)		181,866		3,020		178,846		—		181,866
Other assets
Tax credit investments		88,612		—		—		75,926		75,926
Deferred compensation assets		23,880		23,880		—		—		23,880
Total other assets		112,492		23,880		—		75,926		99,806
Nonearning assets
Cash & due from banks		349,216		349,216		—		—		349,216
Capital markets receivables		45,255		—		45,255		—		45,255
Accrued interest receivable		69,208		—		69,208		—		69,208
Total nonearning assets		463,679		349,216		114,463		—		463,679
Total assets	$	21,672,619	$	1,129,672	$	4,740,982	$	15,284,458	$	21,155,112
Liabilities:
Deposits:
Defined maturity	$	1,505,712	$	—	$	1,520,950	$	—	$	1,520,950
Undefined maturity		15,229,244		—		15,229,244		—		15,229,244
Total deposits		16,734,956		—		16,750,194		—		16,750,194
Trading liabilities (a)		368,348		—		368,348		—		368,348
Short-term financial liabilities
Federal funds purchased		1,042,633		—		1,042,633		—		1,042,633
Securities sold under agreements to repurchase		442,789		—		442,789		—		442,789
Other short-term borrowings		181,146		—		181,146		—		181,146
Total short-term financial liabilities		1,666,568		—		1,666,568		—		1,666,568
Term borrowings
Real estate investment trust-preferred		45,828		—		—		47,000		47,000
Term borrowings - new market tax credit investment		18,000		—		—		17,685		17,685
Borrowings secured by residential real estate		310,833		—		—		268,249		268,249
Other long term borrowings		1,365,198		—		1,372,646		—		1,372,646
Total term borrowings		1,739,859		—		1,372,646		332,934		1,705,580
Derivative liabilities (a)		154,280		4,343		147,022		2,915		154,280
Other noninterest-bearing liabilities
Capital markets payables		21,173		—		21,173		—		21,173
Accrued interest payable		23,813		—		23,813		—		23,813
Total other noninterest-bearing liabilities		44,986		—		44,986		—		44,986
Total liabilities	$	20,708,997	$	4,343	$	20,349,764	$	335,849	$	20,689,956

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

(a)	Classes are detailed in the recurring and nonrecurring measurement tables.
(b)	Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million.

Note 25 – Fair Value of Assets & Liabilities (Continued)

	Contractual Amount				Fair Value
(Dollars in thousands)	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
Unfunded Commitments:
Loan commitments	$	7,309,137	$	7,469,553	$	2,358	$	1,923
Standby and other commitments		331,877		318,149		4,451		4,653

Certain previously reported amounts have been reclassified to agree with current presentation.

Note 26 – Restructuring, Repositioning, and Efficiency

Beginning in 2007, FHN conducted a company-wide review of business practices with the goal of improving its overall profitability and productivity. Such reviews continue throughout the organization. Since 2007, in order to redeploy capital to higher-return businesses, FHN exited or sold non-strategic businesses, eliminated layers of management, and consolidated functional areas.

Generally, restructuring, repositioning, and efficiency charges related to exited businesses are included in the non-strategic segment while charges related to corporate-driven actions are included in the corporate segment. Net charges recognized by FHN in 2014 related to restructuring, repositioning, and efficiency activities were $7.0 million. Of this amount, $7.3 million represent exit costs that were accounted for in accordance with the Exit of Disposal Cost Obligations Topic of the FASB Accounting Standards Codification (“ASC 420”). Significant expenses recognized in 2014 resulted from the following actions:

· Severance and other employee costs of $2.6 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.

· Lease abandonment expenses of $4.7 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Occupancy within noninterest expense.

Net charges recognized by FHN in 2013 related to restructuring, repositioning, and efficiency activities were $5.3 million. Of this amount, $3.8 million represent exit costs that were accounted for in accordance with ASC 420. Significant expenses recognized in 2013 resulted from the following actions:

· Severance and other employee costs of $3.7 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.

· Expense of $2.2 million related to estimated costs for obligations associated with a definitive agreement to sell substantially all remaining legacy mortgage servicing which is reflected in Mortgage banking income.

During 2012 FHN recognized a net cost of $24.9 million related to restructuring, repositioning, and efficiency activities. Of this amount, $23.1 million represent exit costs that were accounted for in accordance with ASC 420. Significant expenses recognized in 2012 resulted from the following actions:

· Severance and other employee costs of $22.9 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.

· Expense of $2.6 million related to prior servicing sales which is reflected in Mortgage banking income.

Settlement of the obligations arising from current initiatives will be funded from operating cash flows. The effect of suspending depreciation on assets held-for-sale was immaterial to FHN’s results of operations for all periods. Due to the broad nature of the actions being taken, substantially all components of expense have benefited from past efficiency initiatives and are expected to benefit from the current efficiency initiatives.

Note 26 – Restructuring, Repositioning, and Efficiency (Continued)

Activity in the restructuring and repositioning liability for the years ended December 31, 2014, 2013, and 2012 is presented in the following table, along with other restructuring and repositioning expenses recognized.

	2014					2013					2012
(Dollars in thousands)	Expense			Liability		Expense			Liability		Expense			Liability
Beginning balance				$	3,126				$	19,775				$	12,026
Severance and other employee related costs	$	2,641			2,641	$	3,691			3,691	$	22,897			22,897
Facility consolidation costs		4,696			4,696		131			131		46			46
Other exit costs, professional fees, and other		—			—		—			—		111			111
Total accrued		7,337			10,463		3,822			23,597		23,054			35,080
Payments related to:
Severance and other employee related costs					2,678					19,051					12,138
Facility consolidation costs					1,067					677					1,884
Other exit costs, professional fees, and other					—					—					15
Accrual reversals					30					743					1,268
Restructuring and repositioning reserve balance				$	6,688				$	3,126				$	19,775
Other restructuring and repositioning expense:
Mortgage banking expense on servicing sales		(553	)				2,192					2,635
(Gains)/losses on divestitures		—					(1,000	)				(865	)
Impairment of premises and equipment		222					385					22
Impairment of other assets		—					—					12
Other		—					(96	)				—
Total other restructuring and repositioning expense		(331	)				1,481					1,804
Total restructuring and repositioning charges	$	7,006				$	5,303				$	24,858

FHN began initiatives related to restructuring in second quarter 2007. The following table presents cumulative amounts incurred to date through December 31, 2014, for costs associated with FHN’s restructuring, repositioning, and efficiency initiatives:

(Dollars in thousands)	Total Expense
Severance and other employee related costs	$	107,025
Facility consolidation costs		45,523
Other exit costs, professional fees, and other		19,165
Other restructuring and repositioning expense:
Loan portfolio divestiture		7,672
Mortgage banking expense on servicing sales		25,449
(Gains)/losses on divestitures		(718	)
Impairment of premises and equipment		23,004
Impairment of intangible assets		48,231
Impairment of other assets		40,504
Other		7,478
Total restructuring and repositioning charges incurred to date as of December 31, 2014	$	323,333

Note 27 – Parent Company Financial Information

Following are condensed statements of the parent company:

Statements of Condition

	Year Ended December 31
(Dollars in thousands)	2014			2013
Assets:
Cash	$	167,562		$	81,271
Interest-bearing cash		—			15,800
Securities available-for-sale		2,634			1,643
Notes receivable		3,460			3,610
Allowance for loan losses		(925	)		(925	)
Investments in subsidiaries:
Bank		3,057,156			3,028,125
Non-bank		17,870			18,044
Other assets		195,898			207,497
Total assets	$	3,443,655		$	3,355,065
Liabilities and equity:
Other short-term borrowings	$	3,000		$	—
Accrued employee benefits and other liabilities		138,233			158,090
Term borrowings		720,832			708,598
Total liabilities		862,065			866,688
Total equity		2,581,590			2,488,377
Total liabilities and equity	$	3,443,655		$	3,355,065

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Statements of Income

	Year Ended December 31
(Dollars in thousands)	2014			2013			2012
Dividend income:
Bank	$	180,000		$	180,000		$	100,000
Non-bank		446			957			390
Total dividend income		180,446			180,957			100,390
Interest income		2			125			329
Other income		6,265			3,468			1,050
Total income		186,713			184,550			101,769
Provision/(provision credit) for loan losses		—			(925	)		(1,850	)
Interest expense:
Short-term debt		9			20			50
Term borrowings		23,808			24,058			24,365
Total interest expense		23,817			24,078			24,415
Compensation, employee benefits and other expense		30,400			37,490			40,286
Total expense		54,217			60,643			62,851
Income/(loss) before income taxes		132,496			123,907			38,918
Income tax benefit		(20,599	)		(20,897	)		(23,653	)
Income/(loss) before equity in undistributed net income of subsidiaries		153,095			144,804			62,571
Equity in undistributed net income/(loss) of subsidiaries:
Bank		68,836			(117,600	)		(89,826	)
Non-bank		588			(300	)		439
Net income/(loss) attributable to the controlling interest	$	222,519		$	26,904		$	(26,816	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Note 27 – Parent Company Financial Information (continued)

Statements of Cash Flows

	Year Ended December 31
(Dollars in thousands)	2014			2013			2012
Operating activities:
Net income/(loss)	$	222,519		$	26,904		$	(26,816	)
Less undistributed net income/(loss) of subsidiaries		69,424			(117,900	)		(89,387	)
Income/(loss) before undistributed net income of subsidiaries		153,095			144,804			62,571
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		(390	)		(1,314	)		(2,335	)
Loss on securities		(5,736	)		(2,182	)		—
Stock-based compensation expense		11,351			16,144			16,201
Net (increase)/decrease in interest receivable and other assets		(1,836	)		(4,959	)		(14,945	)
Net (decrease)/increase in interest payable and other liabilities		1,505			8,626			1,599
Total adjustments		4,894			16,315			520
Net cash provided/(used) by operating activities		157,989			161,119			63,091
Investing activities:
Securities:
Sales and prepayments		4,693			599			512
Purchases		(40	)		(120	)		(180	)
Premises and equipment:
Purchases		(20	)		(63	)		(225	)
Decrease/(increase) in interest-bearing cash		15,800			64,200			85,000
Return on investment in subsidiary		150			90			—
Net cash provided/(used) by investing activities		20,583			64,706			85,107
Financing activities:
Preferred stock:
Proceeds from issuance of preferred stock		—			95,624			—
Cash dividends		(6,200	)		(4,288	)		—
Common stock:
Exercise of stock options		1,864			651			144
Cash dividends		(47,366	)		(38,229	)		(10,066	)
Repurchase of shares		(43,579	)		(91,533	)		(133,757	)
Term borrowings:
Repayment of term borrowings		—			(100,000	)		—
Increase/(decrease) in short-term borrowings		3,000			(27,200	)		(900	)
Other		—			—			(14	)
Net cash (used)/provided by financing activities		(92,281	)		(164,975	)		(144,593	)
Net increase/(decrease) in cash and cash equivalents		86,291			60,850			3,605
Cash and cash equivalents at beginning of year		81,271			20,421			16,816
Cash and cash equivalents at end of year	$	167,562		$	81,271		$	20,421
Total interest paid	$	23,282		$	24,102		$	23,858
Total income taxes paid		17,053			31,075			10,671

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

EX-99.2

Exhibit 99.2

SELECTED FINANCIAL AND OPERATING DATA

(Dollars in millions except per share data)	2014			2013			2012			2011			2010
Income/(loss) from continuing operations	$	234.0		$	37.8		$	(15.5	)	$	134.2		$	67.6
Income/(loss) from discontinued operations, net of tax		—			0.5			0.1			8.6			(11.3	)
Net income/(loss)		234.0			38.4			(15.4	)		142.8			56.3
Income/(loss) available to common shareholders		216.3			21.1			(26.8	)		131.3			(63.1	)
Common Stock Data
Earnings/(loss) per common share from continuing operations	$	0.92		$	0.09		$	(0.11	)	$	0.47		$	(0.22	)
Earnings/(loss) per common share		0.92			0.09			(0.11	)		0.50			(0.27	)
Diluted earnings/(loss) per common share from continuing operations		0.91			0.09			(0.11	)		0.47			(0.22	)
Diluted earnings/(loss) per common share		0.91			0.09			(0.11	)		0.50			(0.27	)
Cash dividends declared per common share		0.20			0.20			0.04			0.04			—
Book value per common share		9.35			8.87			9.05			9.24			9.01
Closing price of common stock per share:
High		13.91			12.55			10.89			12.53			14.83
Low		11.18			9.72			7.55			5.63			9.24
Year-end		13.58			11.65			9.91			8.00			11.78
Cash dividends per common share/year-end closing price		1.5	%		1.7	%		0.4	%		0.5	%		N/A
Cash dividends per common share/diluted earnings per common share		22.0	%		222.2	%		(36.4	)%		8.0	%		N/A
Compound stock dividend rate declared per share		N/A			N/A			N/A			N/A			6.3601	%
Price/earnings ratio		14.9	x		129.4	x		NM			16.0	x		NM
Market capitalization	$	3,180.7		$	2,753.7		$	2,414.1		$	2,059.7		$	3,102.5
Average shares (thousands)		234,997			237,972			248,349			260,574			235,699
Average diluted shares (thousands)		236,735			239,794			248,349			262,861			235,699
Period-end shares outstanding (thousands)		234,220			236,370			243,598			257,468			263,366
Volume of shares traded (thousands)		592,399			787,295			1,221,242			1,049,982			1,009,113
Selected Average Balances
Total assets	$	23,994.8		$	24,402.3		$	25,048.3		$	24,714.1		$	25,654.6
Total loans, net of unearned income		15,521.0			15,726.4			16,205.4			16,056.8			17,131.8
Securities available-for-sale		3,548.4			3,180.4			3,145.5			3,182.9			2,650.9
Earning assets		21,825.2			21,772.0			22,224.8			21,959.1			22,960.2
Total deposits		16,401.7			16,340.2			16,212.0			15,527.0			15,204.3
Total term borrowings		1,592.9			1,944.7			2,326.8			2,582.6			2,915.1
Common equity		2,200.9			2,135.6			2,307.4			2,404.1			2,205.7
Total equity		2,592.0			2,518.8			2,602.5			2,699.3			3,286.1
Selected Period-End Balances
Total assets	$	25,668.2		$	23,784.5		$	25,324.8		$	24,700.4		$	24,673.9
Total loans, net of unearned income		16,230.2			15,389.1			16,708.6			16,397.1			16,782.6
Securities available-for-sale		3,556.6			3,398.5			3,061.8			3,066.3			3,031.9
Earning assets		23,470.9			21,168.4			22,424.8			21,762.0			21,901.7
Total deposits		18,068.9			16,735.0			16,629.7			16,213.0			15,208.2
Total term borrowings		1,880.1			1,739.9			2,226.5			2,481.7			3,228.1
Common equity		2,190.5			2,097.3			2,204.4			2,378.9			2,372.1
Total equity		2,581.6			2,488.4			2,499.5			2,674.0			2,667.2
Selected Ratios
Return on average common equity (a)		9.83	%		0.99	%		(1.16	)%		5.46	%		(2.86	)%
Return on average assets (b)		0.98			0.16			(0.06	)		0.58			0.22
Net interest margin (c) (d)		2.92			2.96			3.13			3.22			3.20
Allowance for loan and lease losses to loans		1.43			1.65			1.66			2.34			3.96
Net charge-offs to average loans		0.31			0.50			1.14			2.02			3.07
Total period-end equity to period-end assets		10.06			10.46			9.87			10.83			10.81
Tangible common equity to tangible assets (d)		7.90			8.19			8.14			9.04			8.89

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

See accompanying notes to consolidated financial statements.

Numbers may not add to total due to rounding.

N/A - not applicable

NM - not meaningful

(a)	Calculated using net income/(loss) available to common shareholders divided by average common equity.
(b)	Calculated using net income divided by average assets.
(c)	Net interest margin is computed using total net interest income adjusted to a FTE basis assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.
(d)	Represents a non-GAAP measure. Refer to table 31 for the non-GAAP to GAAP reconciliation.

Non-GAAP Measures

Certain ratios are included in the narrative and tables in MD&A that are non-GAAP, meaning they are not presented in accordance with generally accepted accounting principles (“GAAP”) in the U.S. FHN’s management believes such measures are relevant to understanding the capital position and results of the company. The non-GAAP ratios presented in this filing are tangible common equity to tangible assets, adjusted tangible common equity to risk weighted assets, and the tier 1 common capital ratio. These measures are reported to FHN’s management and board of directors through various internal reports. Additionally, disclosure of the non-GAAP capital ratios provide a meaningful base for comparability to other financial institutions as several of these ratios have become an important measure of the capital strength of banks as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Non-GAAP measures are not formally defined by GAAP or codified in currently effective federal banking regulations, and other entities may use calculation methods that differ from those used by FHN. Tier 1 Capital is a regulatory term and is generally defined as the sum of core capital (including common equity and certain instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk-based capital regulations. Risk-weighted assets is a regulatory term which includes total assets adjusted for credit and market risk and is used to determine regulatory capital ratios. Refer to Table 31 for a reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items.

ADOPTION OF ACCOUNTING UPDATES

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects,” with an election to use the proportional amortization method for all qualifying investments. ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. The retrospective application of ASU 2014-01 resulted in an increase in Diluted earnings/(loss) per share of $.01 for the year ended December 31, 2014 and a decrease in Diluted earnings/(loss) per share of $.01 for the year ended December 31, 2013 compared to previously reported amounts. Diluted earnings/(loss) per share did not change for the year ended December 31, 2012. Additionally, Income/(loss) available to shareholders increased $3.0 million and $.9 million for the years ended December 31, 2014 and 2012, respectively, and decreased $2.7 million for the year ended December 31, 2013 versus previously reported amounts. FHN also recognized a decrease to Shareholders’ equity of $9.4 million and $12.4 million at December 31, 2014 and 2013, respectively, versus previously reported amounts. All prior periods, applicable tables and associated narrative have been revised to reflect this change. See Note 1 – Summary of Significant Accounting Policies for additional information.

FINANCIAL SUMMARY - 2014 COMPARED TO 2013

FHN reported net income available to common shareholders of $216.3 million or $.91 per diluted share in 2014 compared to $21.1 million or $.09 per diluted share in 2013. The increase in FHN’s net income in 2014 was the result of lower expenses and a decline in the provision for loan losses which more than offset a decline in revenue. Reported earnings are directly and significantly affected by a number of factors including strategic transactions and initiatives expected to boost growth and profitability occurring in both 2014 and 2013, the completion of transactions that expedited the wind-down of legacy businesses, and the economic environment.

FHN executed on strategic initiatives in 2014 including continued expense reductions throughout the organization, a bank-wide focus on economically profitable products, services, and customers, and investing in growth areas like Middle Tennessee, the Carolinas, Houston and FHN’s wealth management business. FHN strengthened its market share in middle and eastern Tennessee through the acquisition of 13 bank branches which added approximately $440 million in deposits. In fourth quarter, FHN announced the execution of an agreement to acquire TrustAtlantic Financial located in North Carolina which is expected to close in the first half of 2015.

As it relates to further winding down legacy businesses, in 2014 FHN sold approximately $315 million in UPB of held-for-sale (“HFS”) mortgage loans, resulting in the recognition of $39.7 million of gains, primarily due to positive fair value adjustments that were recorded in mortgage banking income. FHN also completed sales of mortgage servicing rights (“MSR”) that were initiated in late 2013. As a result, FHN recognized approximately $20 million of previously unrecognized servicing fees in conjunction with mortgage servicing sales in 2014 and significantly reduced the balance of MSR from a year ago. FHN also made significant strides on certain legal matters in 2014 including settlements with Federal Home Loan Mortgage Corporation (“FHLMC”, “Freddie Mac”, or “Freddie”) and Federal Housing Finance Agency (“FHFA”) and moving forward with other matters which resulted in $110.9 million in pre-tax loss accruals. During 2014, FHN recognized $75.0 million in expense reversals related to agreements reached with insurance companies for the recovery of expenses FHN incurred in prior years related to legal matters.

Expenses in 2013 included $170.0 million of repurchase and foreclosure provision as result of obtaining new information after reaching definitive resolution agreements (“DRA”) with two GSE’s. In late 2013, FHN reached a DRA with the Federal National Mortgage Association (“FNMA”, “Fannie Mae”, or “Fannie”) resolving certain selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans that FHN no longer serviced at the time of the

DRA. The 2013 charges included consideration of the February 2014 DRA with Freddie Mac. In 2014, FHN reversed $4.3 million of repurchase and foreclosure provision in conjunction with certain repurchase claims.

The economy continued to show signs of improvement during 2014 although the operating environment for the industry remained challenging. The competitive landscape remained tough as there was considerable competition for creditworthy borrowers. Despite the challenging operating environment, both average loans and core deposits within the regional bank grew during 2014, mitigating the impact of the wind-down of the non-strategic loan portfolios. Because of the uneven improvement of economic conditions, the Federal Reserve remained cautious during 2014 and held interest rates at historically low levels. The low interest rates and uncertainty around Fed policy put pressure on FHN’s net interest income (“NII”) and the net interest margin and also muted activity of Capital Markets’ customers. The net interest margin was 2.92 percent in 2014 compared to 2.96 percent in 2013. NII also declined in 2014 with lower interest income and little opportunity to further reduce deposit rates.

Capital markets’ results, while lower in 2014 relative to 2013, continued to contribute to FHN’s overall fee income in 2014 with fixed income average daily revenue of $.7 million compared to $.9 million in 2013. Expenses within Capital Markets were down because of lower variable compensation costs as well as a $47.1 million expense reversal related to agreements reached with insurance companies for litigation losses and legal fees associated with a lawsuit FHN settled in 2011 involving the bankruptcy trustee for Sentinel Management Group Inc.

Capital remained strong during 2014 while FHN continued returning capital to shareholders and prepared for more stringent capital requirements with the BASEL III rule phase-in beginning for FHN in 2015. Quarterly dividends in 2014 were consistent with 2013 at $.05 per share although FHN recently announced an increase of the quarterly cash dividend to $.06 per share. Shares repurchased under the 2014 share repurchase program were approximately $38 million compared to share repurchases of approximately $88 million in 2013 repurchased under an earlier share repurchase program that was terminated in January 2014.

FHN saw consistent progress in asset quality trends during 2014 as modestly improved market conditions and a focus on relationship-oriented loans led to loan growth within the regional bank replacing run-off of the higher-risk non-strategic loan balances. The allowance for loan losses declined 8 percent in 2014, driven by management’s proactive approach to managing asset quality as well as borrowers adapting to the current operating environment and a modestly improved economic environment. Additionally, loan loss provisioning and net charge-offs declined 51 percent and 38 percent, respectively, year-over-year.

Return on average common equity and return on average assets for 2014 were 9.83 percent and .98 percent, respectively, compared to .99 percent and .16 percent in 2013. The tangible common equity to tangible assets ratio was 7.90 percent in 2014 compared to 8.19 percent in 2013. Total capital and Tier 1 ratios were 16.18 percent and 14.46 percent, respectively on December 31, 2014, compared to 16.23 percent and 13.87 percent, respectively on December 31, 2013. Total period-end assets were $25.7 billion on December 31, 2014, an 8 percent increase from $23.8 billion on December 31, 2013. Total period-end equity was $2.6 billion and $2.5 billion as of December 31, 2014 and 2013, respectively.

BUSINESS LINE REVIEW – 2014 COMPARED TO 2013

Regional Banking

Pre-tax income within the regional banking segment was $288.7 million during 2014 compared to $291.2 million in 2013.

Total revenue increased 2 percent from $839.1 million in 2013 to $856.8 million in 2014, driven by an increase in both NII and fee income. In 2014 NII was $602.1 million compared to $591.4 million in 2013. The increase in NII was primarily because of improved deposit pricing compared to 2013. Noninterest income increased to $254.7 million in 2014 from $247.7 million in 2013. The increase in noninterest income was primarily driven by a 16 percent increase in wealth management income, a 23 percent increase in bankcard income, and a 5 percent increase in trust fee income in 2014 compared to 2013. Wealth management income increased to $49.1 million in 2014 from $42.3 million in 2013 driven by FHN’s strategic focus on growing these businesses with new products and offerings, an expanded sales force, and a refined advisory team strategy. Bankcard income increased largely due to $2.8 million of Visa volume incentives recognized in 2014 and the increase in trust fee income was primarily due to improved market conditions and strong new account activity. These increases were somewhat offset by deposit fee income which decreased from $110.7 million in 2013 to $108.3 million in 2014 primarily due to lower cash management fees on commercial deposit products and overall lower managed balances.

Provision expense during 2014 was $29.2 million compared to $18.5 million in 2013. The increase was partially driven by the consumer credit card portfolio as a result of trends in delinquencies, net charge-offs, and certain asset quality ratios for the smaller balance portion of the portfolio. Additionally, provision expense associated with the commercial portfolios increased to $3.4 million compared to a provision credit of $2.1 million in 2013.

Noninterest expense was $539.0 million in 2014 compared to $529.4 million in 2013. The increase in expense was largely attributable to wealth management incentives and strategic hires and retention in growth markets, as well as increases in contract employment, professional fees, and computer software expenses due to a FHN’s focus on technology-related projects in 2014. These increases in noninterest expense were partially offset by lower FDIC premium costs, a reduction in allocated personnel expenses, as well as a reduction in advertising and public relations expense compared to 2013 due to branding initiatives last year associated with FTB Advisors.

Capital Markets

Pre-tax income in the capital markets segment was $68.6 million during 2014 compared to $52.2 million in 2013. Fixed income revenue was $170.3 million 2014, down from $231.9 million in 2013, as average daily revenue (“ADR”) decreased from $.9 million in 2013 to $.7 million in 2014. The decline in fixed income revenue reflects less favorable market conditions in 2014 relative to the prior year, as ADR levels continue to be muted due to low rates, low market volatility and uncertainty around the Fed’s monetary policy. Other product revenue decreased to $32.4 million in 2014 from $36.6 million in 2013. The decline in other product revenue is largely because of a decrease in revenues from derivative sales and loan trading and related activities. Noninterest expense was $146.8 million in 2014 compared to $232.4 million in 2013. In second quarter 2014, FHN recognized $47.1 million in expense reversals related to agreements reached with insurance companies for litigation losses and legal fees associated with a lawsuit FHN settled in 2011 involving the bankruptcy trustee for Sentinel Management Group Inc. Of this amount $38.6 million was recorded as a reduction to losses from litigation and regulatory matters and $8.5 million was recorded as a reduction to legal and professional fees. In addition to the Sentinel-related expense reversals, lower variable compensation expenses, as a result of lower fixed income revenues in 2014, also contributed to the reduction in noninterest expense in 2014.

Corporate

The pre-tax loss for the corporate segment was $88.6 million in 2014 compared to $85.0 million in 2013. Net interest expense increased $8.0 million in 2014 due to the effect of the third quarter loan sale on funds transfer pricing (“FTP”) and the issuance of $400 million of senior notes, partially offset by a larger average available-for-sale (“AFS”) securities portfolio in 2014 relative to 2013. Noninterest income (including securities gain/losses) increased from $26.1 million in 2013 to $27.0 million in 2014. The increase in noninterest income was driven by a $5.6 million gain associated with the sale of a cost method investment in 2014, partially offset by lower deferred compensation income from a year ago. 2013 included $1.7 million of net gains primarily associated with the sale of a cost method investment.

Noninterest expense decreased $3.5 million to $61.4 million in 2014 from $64.9 million in 2013. The decline in noninterest expense was largely driven by a decline in severance-related costs, deferred compensation expenses, and salaries. Expenses associated with professional fees associated with various consulting projects also declined from a year ago. These declines were partially offset by an efficiency-related lease abandonment expense of $4.7 million recognized in 2014, a $4.0 million net increase in negative valuation adjustments related to Visa-related derivatives relative to 2013, and elevated advertising costs related to FTBNA’s 150th anniversary celebration campaign.

Non-Strategic

The non-strategic segment had pre-tax income of $49.6 million in 2014 compared to a pre-tax loss of $240.0 million in 2013. A significant decline in expenses, including provision for loan losses, coupled with an increase in fee income contributed to the year-over-year improved results.

Total revenue was $132.7 million and $118.4 million in 2014 and 2013, respectively, with NII declining 12 percent to $67.1 million in 2014 from $76.0 million in 2013, consistent with the run-off of the non-strategic loan portfolios. Noninterest income (including securities gains/losses) was $65.6 million in 2014 compared to $42.4 million in 2013. Mortgage banking income, the primary component of fee income within non-strategic, was $71.3 million in 2014, compared to $33.1 million in 2013. This increase was largely driven by a $39.7 million valuation gain recognized in 2014 as a result of the sale of approximately $315 million in unpaid principal balance of mortgage loans held-for-sale and $12.1 million of favorable valuation adjustments on loans primarily because of the loan sale, partially offset by a decline in servicing income. In 2013, FHN signed a definitive agreement to sell substantially all remaining legacy mortgage servicing, and as a result servicing income declined in 2014 from the prior year. Servicing fees were $21.1 million in 2014, down $20.8 million from $41.9 million in 2013, and primarily comprised of approximately $20 million in previously unrecognized servicing fees recognized in conjunction with transfers of servicing in first quarter 2014. The negative impact of runoff on the value of MSR was not material in 2014 compared with $20.9 million in 2013. Additionally net hedging results were not material in 2014 compared to positive $18.1 million in 2013. Hedging results in 2013 reflect the terms of the agreement to sell servicing. Mortgage banking income in 2013 also includes $4.4 million of negative valuation adjustments.

Other noninterest income in 2014 compared to 2013 was negatively affected by a number of transactions including a $4.2 million loss on the extinguishment of debt associated with the collapse of two HELOC securitization trusts, a $2.0 million loss on the deconsolidation of a securitization trust, and $3.0 million in securities losses. Additionally, 2013 included $3.5 million of gains from the reversals of previously established lower of cost or market (“LOCOM”) adjustments associated with trust preferred (“TRUP”) loan payoffs.

The provision for loan losses within the non-strategic segment was a provision credit of $2.2 million in 2014 compared to a provision expense of $36.5 million in 2013. The decline in provision for loan losses was the result of improvement in and runoff of the consumer real estate portfolio, as well as improvement in the C&I portfolio due to dispositions and payoffs of a number of trust preferred (TRUP) loans that were on interest deferral in prior periods.

Noninterest expense declined 73 percent to $85.3 million in 2014 from $321.8 million in 2013, primarily because of significantly lower repurchase and foreclosure provision and a decline in loss accruals related to legal matters. 2013 included $170.0 million of repurchase and foreclosure provision stemming from the resolution of certain legacy representation and warranty mortgage loan repurchase obligations to GSEs. In 2014, $4.3 million of repurchase and foreclosure provision was reversed because of a settlement of certain repurchase claims. Loss accruals related to litigation matters were $110.4 million in 2014, but were somewhat offset by $75.0 million of expense reversals associated with agreements with insurance companies for the recovery of expenses FHN incurred related to litigation losses and expenses in prior periods. Loss accruals related to litigation matters were $63.3 million in 2013. Contract employment, which primarily includes mortgage subservicing costs, declined $22.3 million to $3.9 million in 2014 as a result of the mortgage servicing sales mentioned above. Generally, most other expense categories declined given the continued wind-down of the legacy businesses.

INCOME STATEMENT REVIEW

Total consolidated revenue decreased $44.2 million to $1.2 billion in 2014, due in large part to declines in capital markets fixed income sales revenue and net interest income, but partially mitigated by increases in mortgage banking income. Total expenses declined 28 percent to $832.5 million in 2014 from $1.1 billion in 2013 primarily driven by declines in the mortgage repurchase provision, litigation loss accruals, and personnel expenses. In 2013, total consolidated revenue was $1.2 billion, down 10 percent from $1.4 billion in 2012, largely driven by lower capital markets fixed income sales revenue, net interest income, and mortgage banking income. Total expenses in 2013 were $1.1 billion compared to $1.4 billion in 2012. The decrease in expenses was driven by a decline in the mortgage repurchase provision and lower personnel expenses in 2013 relative to 2012.

NET INTEREST INCOME

Net interest income was $627.7 million in 2014, a 2 percent decline from $637.4 million in 2013. As detailed in Table 2 – Analysis of Changes in Net Interest Income, the decrease in NII was primarily attributable to continued run-off of the non-strategic loan portfolios, lower yielding commercial loans, and lower balances of loans to mortgage companies, somewhat mitigated by commercial loan growth, improved deposit pricing, and a larger securities portfolio. Average earning assets were $21.8 billion in 2014 and 2013 as continued run-off on the non-strategic loan portfolios and the resolution of several on-balance sheet structures were offset by loan growth within the regional bank and an increase in the investment securities portfolio.

For purposes of computing yields and the net interest margin, FHN adjusts net interest income to reflect tax exempt income on an equivalent pre-tax basis which provides comparability of net interest income arising from both taxable and tax-exempt sources. The consolidated net interest margin decreased to 2.92 percent in 2014 from 2.96 percent in 2013. The net interest spread was 2.78 percent in 2014, down 5 basis points from 2.83 percent in 2013 and the impact of free funding was 14 basis points in 2014 up from 13 basis points in 2013. The decrease in NIM was driven by lower yielding commercial loans and run-off of the non-strategic loan portfolios, partially offset by declining funding costs.

Net interest income was $637.4 million in 2013, down 7 percent from $688.7 million in 2012, primarily attributable to run-off of the non-strategic loan portfolio, lower yielding fixed rate loans, and a lower yielding securities portfolio, somewhat mitigated by improved deposit pricing. In 2013, average earning assets decreased 3 percent to $24.4 billion from $25.1 billion in 2012 due to run-off in the non-strategic loan portfolios, but somewhat mitigated by loan growth within the regional bank. The consolidated net interest margin was 2.96 percent in 2013 compared to 3.13 percent in 2012. The decline in NIM in 2013 compared to 2012 was primarily driven by declining yields on the investment portfolio, lower yielding fixed rate loans, run-off of the non-strategic loan portfolios, and a decline in loans to mortgage companies, partially offset by improved pricing on deposits.

The activity levels and related funding for FHN’s capital markets activities affect the net interest margin. Capital markets activities tend to compress the margin, especially when there are elevated levels of trading inventory, because of the strategy to reduce market risk by economically hedging a portion of its inventory on the balance sheet. As a result, FHN’s consolidated margin cannot be readily compared to that of other bank holding companies. Table 1 details the computation of the net interest margin for FHN for the past three years.

Table 1- Net Interest Margin

	2014			2013			2012
Assets:
Earning assets:
Loans, net of unearned income:
Commercial loans		3.56	%		3.68	%		3.86	%
Retail loans		4.01			4.10			4.28
Total loans, net of unearned income		3.74			3.86			4.04
Loans held-for-sale		3.77			3.40			3.58
Investment securities:
U.S. treasuries		0.06			0.08			0.30
U.S. government agencies		2.57			2.56			3.10
States and municipalities (a)		2.72			0.59			1.17
Other		4.23			4.19			4.30
Total investment securities		2.64			2.64			3.13
Capital markets securities inventory		2.89			2.71			2.67
Mortgage banking trading securities		9.09			10.25			10.62
Other earning assets:
Federal funds sold		1.00			1.00			1.01
Securities purchased under agreements to resell (b)		(0.15	)		(0.06	)		0.04
Interest bearing cash		0.22			0.22			0.22
Total other earning assets		0.06			0.08			0.14
Interest income / total earning assets		3.29	%		3.40	%		3.63	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Savings		0.18	%		0.22	%		0.31	%
Other interest-bearing deposits		0.08			0.10			0.17
Time deposits		1.07			1.59			1.93
Total interest-bearing core deposits		0.21			0.31			0.43
Certificates of deposit $100,000 and more (c)		0.63			1.01			1.37
Federal funds purchased		0.25			0.25			0.25
Securities sold under agreements to repurchase		0.08			0.14			0.18
Capital markets trading liabilities		2.43			2.05			1.77
Other short-term borrowings		0.30			0.27			0.15
Term borrowings		2.17			1.87			1.69
Interest expense / total interest-bearing liabilities		0.51			0.57			0.66
Net interest spread		2.78	%		2.83	%		2.97	%
Effect of interest-free sources used to fund earning assets		0.14			0.13			0.16
Net interest margin (d)		2.92	%		2.96	%		3.13	%

(a)	2014 increase driven by the yield on a held-to-maturity (“HTM”) municipal bond.
(b)	2014 and 2013 driven by negative market rates on reverse repurchase agreements.
(c)	2014 rate includes the effect of amortizing the valuation adjustment for acquired time deposits related to the branch and MNB acquisitions.
(d)	Calculated using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.

FHN’s net interest margin is expected to remain under pressure during 2015 due to declining loan yields from historically low interest rates and competitive pricing dynamics. Additionally, changes to the balance sheet mix associated with interest-bearing cash, deposit balances, and trading inventory balances could also affect NIM, especially during the first half of 2015. NIM pressure could be mitigated if interest rates rise in the latter half of 2015.

Table 2 - Analysis of Changes in Net Interest Income

	2014 Compared to 2013									2013 Compared to 2012
(Fully taxable equivalent (“FTE”))	Increase / (Decrease) Due to (a)									Increase / (Decrease) Due to (a)
(Dollars in thousands)	Rate (b)			Volume (b)			Total			Rate (b)			Volume (b)			Total
Interest income - FTE:
Loans	$	(18,528	)	$	(7,853	)	$	(26,381	)	$	(28,282	)	$	(19,702	)	$	(47,984	)
Loans held-for-sale		1,323			(3,135	)		(1,812	)		(700	)		(1,225	)		(1,925	)
Investment securities:
U.S. treasury		(6	)		(10	)		(16	)		(92	)		(2	)		(94	)
U.S. government agencies		35			10,640			10,675			(15,389	)		1,151			(14,238	)
States and municipalities		375			16			391			(93	)		(27	)		(120	)
Other		108			(1,290	)		(1,182	)		(248	)		(7	)		(255	)
Total investment securities		52			9,816			9,868			(15,769	)		1,062			(14,707	)
Capital markets securities inventory		2,133			(3,437	)		(1,304	)		527			(805	)		(278	)
Mortgage banking trading securities		(163	)		(842	)		(1,005	)		(72	)		(660	)		(732	)
Other earning assets:
Federal funds sold		(2	)		41			39			(1	)		19			18
Securities purchased under agreements to resell		(579	)		4			(575	)		(672	)		25			(647	)
Interest-bearing deposits with other financial institutions		43			237			280			8			(32	)		(24	)
Total other earning assets		(336	)		80			(256	)		(734	)		81			(653	)
Total change in interest income - earning assets - FTE	$	(22,695	)	$	1,805		$	(20,890	)	$	(49,596	)	$	(16,683	)	$	(66,279	)
Interest expense:
Interest-bearing deposits:
Savings	$	(3,011	)	$	(189	)	$	(3,200	)	$	(5,788	)	$	806		$	(4,982	)
Time deposits		(4,639	)		(2,164	)		(6,803	)		(3,564	)		(1,821	)		(5,385	)
Other interest-bearing deposits		(876	)		208			(668	)		(2,441	)		290			(2,151	)
Total interest-bearing core deposits		(10,580	)		(91	)		(10,671	)		(13,973	)		1,455			(12,518	)
Certificates of deposit $100,000 and more		(1,950	)		(602	)		(2,552	)		(2,071	)		(599	)		(2,670	)
Federal funds purchased		(13	)		(410	)		(423	)		7			(733	)		(726	)
Securities sold under agreements to repurchase		(251	)		(52	)		(303	)		(178	)		167			(11	)
Capital markets trading liabilities		2,429			(664	)		1,765			1,755			1,419			3,174
Other short-term borrowings		95			692			787			430			(274	)		156
Term borrowings		5,379			(7,129	)		(1,750	)		3,909			(6,922	)		(3,013	)
Total change in interest expense - interest-bearing liabilities	$	(10,636	)	$	(2,511	)	$	(13,147	)	$	(13,461	)	$	(2,147	)	$	(15,608	)
Net interest income - FTE							$	(7,743	)							$	(50,671	)

(a)	The changes in interest due to both rate and volume have been allocated to change due to rate and change due to volume in proportion to the absolute amounts of the changes in each.
(b)	Variances are computed on a line-by-line basis and are non-additive.

PROVISION FOR LOAN LOSSES

The provision for loan losses is the charge to earnings that management determines to be necessary to maintain the ALLL at a sufficient level reflecting management’s estimate of probable incurred losses in the loan portfolio. Analytical models based on loss experience subject to qualitative adjustment to reflect current events, trends, and conditions (including economic considerations and trends) are used by management to determine the amount of provision to be recognized and to assess the adequacy of the ALLL. The provision for loan losses was $27.0 million in 2014 compared to $55.0 million in 2013, and $78.0 million in 2012. In 2014 and 2013 FHN experienced continued overall improvement in the loan portfolio which resulted in declines of 8 percent in the allowance for loan losses (on a period end basis) each year. Additionally, net charge offs decreased 38 percent and 58 percent, respectively, during 2014 and 2013 relative to the prior years. In 2012, FHN recognized approximately $23 million of incremental loan loss provisioning related to charging down discharged bankruptcies to net realizable value. For additional information about general asset quality trends refer to Asset Quality - Trend Analysis of 2014 Compared to 2013 in this MD&A.

NONINTEREST INCOME

Noninterest income (including securities gains/(losses)) was $550.0 million in 2014 compared to $584.6 million in 2013 and $671.3 million in 2012. In 2014 noninterest income was 47 percent of total revenue compared to 48 percent and 49 percent in 2012 and 2013, respectively. The decrease in noninterest income in 2014 relative to 2013 largely resulted from a decrease in capital markets fixed income revenue partially offset by an increase in mortgage banking income. The decline in noninterest income in 2013 relative to 2012 was primarily due to decreases in capital markets fixed income revenue and mortgage banking income. FHN’s noninterest income for the last three years is provided in Table 3. The following discussion provides additional information about various line items reported in the following table.

Table 3 - Noninterest Income

									Compound Annual
									Growth Rates
(Dollars in thousands)	2014			2013			2012		14/13			14/12
Noninterest income:
Capital markets	$	200,595		$	272,364		$	334,912		(26	)%		(23	)%
Deposit transactions and cash management		111,951			114,383			120,168		(2	)%		(3	)%
Mortgage banking		71,257			33,275			51,890		NM			17	%
Brokerage, management fees and commissions		49,099			42,261			34,934		16	%		19	%
Trust services and investment management		27,777			26,523			24,319		5	%		7	%
Bankcard income		23,697			20,482			22,384		16	%		3	%
Bank-owned life insurance		16,394			16,614			18,805		(1	)%		(7	)%
Other service charges		11,882			13,440			12,935		(12	)%		(4	)%
Equity securities gains/(losses), net		2,872			2,211			365		30	%		NM
Insurance commissions		2,257			3,023			3,148		(25	)%		(15	)%
Debt securities gains/(losses), net		—			(451	)		328		NM			NM
Gain on divestitures		—			111			200		NM			NM
All other income and commissions:
ATM interchange fees		10,943			10,412			10,528		5	%		2	%
Electronic banking fees		6,190			6,289			6,537		(2	)%		(3	)%
Letter of credit fees		4,864			5,081			5,158		(4	)%		(3	)%
Deferred compensation (a)		2,042			4,685			4,461		(56	)%		(32	)%
Gain/(loss) on extinguishment of debt		(4,166	)		—			—		NM			NM
Other (b)		12,390			13,874			20,257		(11	)%		(22	)%
Total all other income and commissions		32,263			40,341			46,941		(20	)%		(17	)%
Total noninterest income	$	550,044		$	584,577		$	671,329		(6	)%		(9	)%

NM - not meaningful

(a)	Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives and benefits expense.
(b)	2012 includes $3.4 million of gains on the sale of bank properties, a $2.3 million gain related to the resolution of a legal matter, and $1.0 million of interest associated with a tax refund.

Capital Markets Noninterest Income

The major component of capital markets income is generated from the purchase and sale of fixed income securities as both principal and agent. Other noninterest revenues consist principally of fees from loan sales, portfolio advisory, and derivative sales. Securities inventory positions are procured for distribution to customers by the sales staff. Capital markets noninterest income declined 26 percent in 2014 to $200.6 million in 2014 from $272.4 million in 2013, reflecting less favorable market conditions in 2014 relative to the prior year due to low rates, low market volatility and uncertainty around the Fed’s monetary policy. Other noninterest revenue decreased $10.2 million to $30.3 million in 2014. The decline in other noninterest revenue was largely due to $3.5 million of gains recognized in 2013 within the non-strategic segment from the reversal of previously established LOCOM valuation adjustments associated with TRUP loan payoffs, as well as decreases in revenues from derivative sales and loan trading and related activities in 2014 relative to 2013.

Capital markets noninterest income was $272.4 million in 2013 down from $334.9 million in 2012. Less favorable market conditions in 2013, relative to 2012, including market volatility, an increase in interest rates, and uncertainty surrounding potential actions of the Fed, contributed to a decline in revenue from fixed income sales. A portion of the decrease was partially offset by an increase in other noninterest revenue in 2013 relative to 2012, including the $3.5 million of gains associated with TRUP loan payoffs previously mentioned.

Table 4 - Capital Markets Noninterest Income

							Compound
							Annual Growth
							Rates
(Dollars in thousands)		2014		2013		2012		14/13		14/12
Noninterest income:
Fixed income	$	170,317	$	231,853	$	307,559		(27	)%	(26	)%
Other noninterest revenue		30,278		40,511		27,353		(25	)%	5	%
Total capital markets noninterest income	$	200,595	$	272,364	$	334,912		(26	)%	(23	)%

Deposit Transactions and Cash Management

Fees from deposit transactions and cash management include services related to retail and commercial deposit products (such as service charges on checking accounts), cash management products and services such as electronic transaction processing (Automated Clearing House and Electronic Data Interchange), account reconciliation services, cash vault services, lockbox processing, and information reporting to large corporate clients. Deposit transactions and cash management income declined 2 percent to $112.0 million in 2014 from $114.4 million in 2013. The decrease was primarily the result of lower cash management fees on commercial deposit products due to price reductions and discounting resulting from increased market competitive price pressure and overall lower managed balances.

In 2013, deposit transactions and cash management income declined $5.8 million to $114.4 million from $120.2 million in 2012 largely due to lower non-sufficient funds (“NSF”) fee income which was driven by lower volume from a decrease in small balance deposit accounts, a refinement of sort order processes, and overall changes in consumer behavior.

Mortgage Banking Noninterest Income

Mortgage banking income has been primarily comprised of servicing income related to legacy mortgage banking operations and fair value adjustments to the mortgage warehouse. Prior to 2013, mortgage banking income also included fees from mortgage origination activity in the regional banking footprint. In third quarter 2013, FHN signed a definitive agreement to sell substantially all remaining legacy mortgage servicing, with the sales occurring primarily in fourth quarter 2013 and first quarter 2014 which resulted in substantially diminished fees from mortgage servicing. Mortgage banking income was $71.3 million in 2014 compared to $33.3 million and $51.9 million in 2013 and 2012, respectively.

The increase in mortgage banking income during 2014 relative to 2013 was primarily due to the $39.7 million gain on the sale of HFS mortgage loans in third quarter 2014, and in second quarter 2014, $8.2 million of positive fair value adjustments to the mortgage warehouse reflecting new information on market pricing for similar assets primarily related to the non-performing portion of the HFS portfolio. Servicing income, which includes fees for servicing mortgage loans, changes in the value of servicing assets, results of hedging servicing assets, and the negative impact of runoff on the value of MSR, historically was the largest component of mortgage banking income. Total servicing income was $20.8 million in 2014 from $39.1 million in 2013 because of lower servicing fees due to the 2013 and 2014 MSR sales. The decrease was partially offset by the receipt of approximately $20 million in previously unrecognized servicing fees in conjunction with servicing sales. During 2013, total servicing income was $39.1 million and was comprised of $41.9 million of servicing fees and $18.1 million of net hedging results, partially offset by $20.9 million of negative impact to the value of MSR that was attributable to runoff. Other mortgage banking income in 2014 included a $2.0 million loss associated with the deconsolidation of a securitization trust. 2013 included a $2.2 million charge associated with estimated costs for obligations related to the agreement to sell mortgage servicing.

In 2013 total servicing income decreased to $39.1 million from $52.6 million in 2012, largely driven by a decline in servicing fees consistent with the mortgage servicing portfolio decline. Net hedging results were $18.1 million in 2013 and reflect the terms of the servicing sales agreement mentioned above, which more than offset more narrow spreads between swap and mortgage rates in 2013 relative to 2012. The negative impact to the value of MSR that is attributable to runoff was $20.9 million and $23.8 million in 2013 and 2012, respectively. Negative fair value adjustments to the mortgage warehouse were $4.4 million in 2013 compared to $3.1 million in 2012. The negative fair value adjustments in 2013 were primarily driven by higher interest rates on mortgages in 2013. Elevated levels of modifications within loans HFS negatively impacted the fair value of the mortgage warehouse in 2012. Origination income in 2013 declined 84 percent as FHN shifted from originations to a referral fee-based model. In 2013, other mortgage banking income included the $2.2 million charge associated with estimated costs for obligations related to the MSR sale previously mentioned and in 2012 it included charges associated with contingencies related to prior servicing sales.

Table 5 - Mortgage Banking Noninterest Income

										Compound
										Annual Growth
										Rates
	2014			2013			2012			14/13			14/12
Noninterest income (thousands):
Origination income	$	—		$	771		$	4,734			NM			NM
Mortgage warehouse valuation (a)		51,785			(4,355	)		(3,053	)		NM			NM
Servicing income/(expense):
Servicing fees		21,082			41,905			58,931			(50	)%		(40	)%
Change in MSR value - runoff		(833	)		(20,937	)		(23,804	)		96	%		81	%
Net hedging results (b)		528			18,083			17,481			(97	)%		(83	)%
Total servicing income		20,777			39,051			52,608			(47	)%		(37	)%
Other (c)		(1,305	)		(2,192	)		(2,399	)		40	%		26	%
Total mortgage banking noninterest income	$	71,257		$	33,275		$	51,890			NM			17	%
Mortgage banking statistics (millions):
Servicing portfolio - owned (first lien mortgage loans) (d)	$	83		$	8,512		$	16,487			(99	)%		(93	)%

NM – not meaningful

(a)	2014 includes $39.7 million in gains on the sale of HFS mortgage loans and $8.2 million of positive Fair Value adjustments primarily related to the non-performing portion of the HFS portfolio.
(b)	2014 includes a $2.0 million loss associated with the deconsolidation of a securitization trust. 2013 includes an increase in net hedging results reflecting the terms of the mortgage servicing sale agreement.
(c)	2013 includes a negative adjustment as a result of estimated costs for obligations associated with the agreement to sell servicing. 2012 includes $2.4 million negative adjustment related to contingencies for prior servicing sales.
(d)	Excludes foreclosed assets. Substantially all mortgage servicing was sold in January 2014.

Brokerage, Management Fees and Commissions

Brokerage, management fees and commissions include fees for portfolio management, trade commission, and annuity and mutual funds sales. Noninterest income from brokerage and management fees increased 16 percent or $6.8 million to $49.1 million in 2014 due in large part to FHN’s strategic focus on growing these businesses with new products and offerings, an expanded sales force, and a refined advisory team strategy. In 2013, noninterest income from brokerage, management fees and commissions was $42.3 million compared to $34.9 million in 2012 driven by a focus on growing these businesses through customer growth and expanding services for existing customers.

Trust Services and Investment Management

Trust services and investment management fees include investment management, personal trust, employee benefits, and custodial trust services and are primarily influenced by equity and fixed income market activity. In 2014, noninterest income from trust services and investment management activities increased 5 percent to $27.8 million primarily due to improved market conditions and strong new account activity in Trust, FTB Advisory, and Retirement Services.

Noninterest income from trust services and investment management was $26.5 million in 2013 compared to $24.3 million in 2012 driven by new initiatives in 2013 and general market increases, as well as FHN’s strategic focus on growing these business products through new customers and also referrals from wealth management for trust services.

Bankcard Income

Bankcard income is derived from fees charged for processing and supporting credit card transactions including interchange, late charges, membership fees, miscellaneous merchant fees, cash advance fees, currency conversion, speed pay, and research fees. Bankcard income increased 16 percent or $3.2 million to $23.7 million in 2014, primarily due to incentives received from Visa due to higher transaction volume in 2014 relative to the prior year. In 2013, bankcard income was $20.5 million compared to $22.4 million in 2012. The decline in bankcard income in 2013 relative to 2012 was driven by the receipt of Visa volume incentives in 2012.

Bank Owned Life Insurance

BOLI income was $16.4 million in 2014 compared to $16.6 million and $18.8 million in 2013 and 2012, respectively, reflecting the receipt of lower policy benefits in 2014 and 2013 compared to 2012.

Other Service Charges

Income from other service charges includes international income (foreign exchange and wire transfer fees), other retail fees, check order income, and other service charges including check cashing, safe deposit, wire transfers, and money orders. Income from other service charges decreased to $11.9 million in 2014 from $13.4 million and $12.9 million in 2013 and 2012, respectively.

Securities Gains/Losses

In 2014, FHN recognized net securities gains of $2.9 million compared to $1.8 million and $.7 million in 2013 and 2012, respectively. The 2014 net gain was primarily the result of a $5.6 million gain on the sale of a cost method investment partially offset by $2.0 million of negative fair value adjustments related to an investment and a $.9 million loss on the sale of an investment. The 2013 net gain was primarily the result of a $3.3 million gain on the sale of a cost method investment, partially offset by a $1.1 million other-than-temporary impairment adjustment. In 2012, FHN recognized a net gain of $.4 million related to venture capital investments as a gain on sale of $5.1 million was partially offset by a $4.7 million negative fair value adjustment.

Insurance Commissions

Insurance commissions are derived from the sale of insurance products, including acting as an independent agent to provide life, long-term care, and disability insurance. Noninterest income from insurance commissions was $2.3 million in 2014, $3.0 million in 2013, and $3.1 million in 2012.

Other Noninterest Income

Other income includes revenues from ATM and interchange fees, electronic banking fees, revenue related to deferred compensation plans (which are mirrored by changes in noninterest expense), gains/(losses) from the extinguishment of debt, and various other fees.

Other income decreased $8.1 million to $32.3 million in 2014 primarily driven by a $4.2 million loss on the extinguishment of debt associated with the collapse of two HELOC securitization trusts recognized in 2014 and a $2.6 million decrease in deferred compensation income, which is driven by changes in the market value of the underlying investments.

Other income was $40.3 million in 2013, down from $46.9 million in 2012. Significant drivers of the decrease relate to $3.4 million gains on the sales of bank properties, a $2.3 million gain related to the resolution of a legal matter, and $1.0 million of interest associated with a tax refund which were all recognized in 2012.

NONINTEREST EXPENSE

Total noninterest expense decreased 28 percent or $316.0 million to $832.5 million in 2014, primarily driven by declines in expenses associated with the repurchase and foreclosure provision, litigation expenses, and personnel expenses. Total noninterest expense decreased 16 percent or $221.0 million to $1.1 billion in 2013 from $1.4 billion in 2012, primarily driven by decreases in repurchase and foreclosure provision expense and personnel expenses. Table 6 provides noninterest expense detail by category for the last three years with growth rates.

Table 6 - Noninterest Expense

								Compound Annual
								Growth Rates
(Dollars in thousands)	2014			2013		2012		14/13			14/12
Noninterest expense:
Employee compensation, incentives and benefits	$	478,159		$	529,041	$	640,857		(10	)%		(14	)%
Occupancy		54,018			50,565		49,027		7	%		5	%
Legal and professional fees		44,205			53,359		38,750		(17	)%		7	%
Computer software		42,931			40,327		40,018		6	%		4	%
Operations services		35,247			35,215		35,429			*			*
Equipment rentals, depreciation, and maintenance		29,964			31,738		31,246		(6	)%		(2	)%
Contract employment and outsourcing		19,420			35,920		41,198		(46	)%		(31	)%
Advertising and public relations		18,683			18,239		17,439		2	%		4	%
Communications and courier		16,074			17,958		18,318		(10	)%		(6	)%
FDIC premium expense		11,464			20,156		27,968		(43	)%		(36	)%
Amortization of intangible assets		4,170			3,912		3,910		7	%		3	%
Foreclosed real estate		2,503			4,299		11,041		(42	)%		(52	)%
Repurchase and foreclosure provision		(4,300	)		170,000		299,256		NM			NM
All other expense:
Other insurance and taxes		12,900			12,598		10,734		2	%		10	%
Travel and entertainment		9,095			8,959		8,366		2	%		4	%
Customer relations		5,726			4,916		4,578		16	%		12	%
Employee training and dues		4,518			5,054		4,525		(11	)%			*
Supplies		3,745			3,800		3,752		(1	)%			*
Miscellaneous loan costs		2,690			4,209		4,126		(36	)%		(19	)%
Tax credit investments		2,087			2,021		4,478		3	%		(32	)%
Litigation and regulatory matters		(2,720	)		63,654		33,313		NM			NM
Other		41,952			32,579		41,195		29	%		1	%
Total all other expense		79,993			137,790		115,067		(42	)%		(17	)%
Total noninterest expense	$	832,531		$	1,148,519	$	1,369,524		(28	)%		(22	)%

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Summary of Significant Accounting Policies for additional information.

NM - not meaningful

* Amount is less than one percent.

2014 compared to 2013

During 2014 FHN recorded a $4.3 million reversal of repurchase and foreclosure provision compared to expense of $170.0 million in 2013. The expense reversal in 2014 relates to the settlement of certain repurchase claims, and the $170.0 million expense recorded in 2013 stems from the resolution of certain legacy representations and warranty mortgage loan repurchase obligations to government-sponsored entities.

Employee compensation, incentives, and benefits (personnel expense), which is generally the largest component of noninterest expense, declined $50.9 million to $478.2 million in 2014. The decline in personnel expense was largely driven by a decline in variable compensation associated with lower fixed income sales revenue within capital markets. Additionally, lower pension-related expenses, deferred compensation expense and several small favorable adjustments related to employee performance equity awards, employee benefit plans, and deferred compensation BOLI benefits in 2014 also contributed to the decline in personnel expense from 2013.

Contract employment expenses decreased 46 percent, or $16.5 million, to $19.4 million in 2014 due to lower mortgage sub-servicing costs associated with the sales of servicing, but partially offset by increases in contract employment associated with technology-related projects within the regional bank. Legal and professional fees and FDIC premium expense declined $9.2 million and $8.7 million, respectively, during 2014 relative to 2013. The decline in legal and professional fees was largely due to an $8.5 million legal fee expense reversal associated with the Sentinel legal matter. The decline in FDIC premium expense was due in part to $3.3 million of FDIC premium refunds received in 2014.

A portion of the decline in expenses previously mentioned was offset by increases in occupancy and computer software expenses. Occupancy expense increased $3.5 million to $54.0 million during 2014, which was largely the result of $4.7 million of lease

abandonment expense related to efficiency initiatives. Computer software increased $2.6 million to $42.9 million during 2014 relative to the prior year driven by a focus on technology-related projects. The remaining expense categories remained relatively flat or declined slightly during 2014 relative to 2013 as FHN continues to focus on controlling expenses.

All other expenses were $80.0 million and $137.8 million in 2014 and 2013, respectively. The decrease in all other expenses was primarily due to a $66.4 million net decline in losses from litigation and regulatory matters as $113.6 million of expense reversals associated with agreements with insurance companies for the recovery of expenses FHN incurred related to litigation losses in previous periods more than offset a $47.2 million net increase in loss accruals related to legal matters. Other expenses include $5.9 million of negative valuation adjustments associated with the derivatives related to prior sales of Visa Class B shares compared to $1.9 million in 2013.

2013 compared to 2012

Personnel expense declined $111.8 million during 2013 to $529.0 million. The decrease in personal expenses relative to 2012 is largely driven by a $39.4 million reduction in pension costs resulting from the freeze of the pension plans on December 31, 2012, a decline in variable compensation associated with lower fixed income sales revenue in capital markets, and a decrease in severance-related costs associated with restructuring, repositioning, and efficiency initiatives. Additionally, headcount reductions relative to the prior year also contributed to lower personnel expenses.

During 2013 repurchase and foreclosure provision expense was $170.0 million compared to $299.3 million in 2012. In 2012 FHN recorded $250.0 million of repurchase and foreclosure provision expense reflecting a change in estimate of FHN’s repurchase obligations for alleged breaches of representations and warranties related to mortgage loans sold to Fannie Mae and Freddie Mac. In 2013, FHN recorded $170.0 million of repurchase and foreclosure provision expense based principally upon additional information obtained in connection with the DRAs previously mentioned. The provision included the impact of each DRA, estimates for future loss not included in the DRAs, and estimates for future loss related to certain other loan sales.

Foreclosed real estate expenses were $4.3 million in 2013 compared to $11.0 million in 2012 due to declines in negative valuation adjustments and lower property preservation costs. Contract employment expenses decreased $5.3 million to $35.9 million during 2013 due to lower sub-servicing costs consistent with the run-off of the servicing portfolio. FDIC premium expense was $20.2 million in 2013, down from $28.0 million in 2012.

Legal and professional fees increased $14.6 million to $53.4 million in 2013 driven by an increase in costs related to litigation matters and also various consulting projects throughout the organization compared to the prior year.

All other expenses were $137.8 million and $115.1 million in 2013 and 2012, respectively. The increase in all other expense was primarily the result of a $30.3 million increase in litigation-related charges in 2013 relative to 2012, partially offset by a $2.5 million decrease due to a decline in expense from tax credit investments. Additionally, during 2012 FHN had favorable adjustments which affected trends for the comparative period including a $1.8 million favorable adjustment to franchise taxes and a $1.8 million gain related to clean-up calls for first lien securitizations. Other expenses in 2012 included $3.4 million in ancillary expenses associated with legacy mortgage wind-down activities and a $2.8 million charge related to the write-off of unrecoverable servicing advances.

INCOME TAXES

FHN recorded an income tax provision of $84.2 million in 2014, compared to an income tax benefit of $19.4 million in 2013. The effective tax rate for 2014 was approximately 26 percent. Due to the large increase in pre-tax income during 2014, the comparison of the tax rate from period to period will not provide meaningful information. The company’s effective tax rate is favorably affected by recurring items such as affordable housing credits, bank-owned life insurance and tax-exempt income. The company’s effective tax rate also may be affected by items that may occur in any given period but are not consistent from period to period, such as changes in the deferred tax asset valuation allowance and changes in unrecognized tax benefits.

A deferred tax asset (“DTA”) or deferred tax liability (“DTL”) is recognized for the tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax consequence is calculated by applying enacted statutory tax rates, applicable to future years, to these temporary differences. As of December 31, 2014, FHN’s gross DTA (net of a valuation allowance) and gross DTL were $346.6 million and $86.0 million, respectively, resulting in a net DTA of $260.6 million at December 31, 2014, compared with $247.9 million at December 31, 2013.

In order to support the recognition of the DTA, FHN’s management must conclude that the realization of the DTA is more likely than not. FHN evaluates the likelihood of realization of the DTA based on both positive and negative evidence available at the time, including (as appropriate) scheduled reversals of DTLs, projected future taxable income, tax planning strategies, and recent financial performance. Realization is dependent on generating sufficient taxable income prior to the expiration of the carryforwards attributable

to the DTA. In projecting future taxable income, FHN incorporates assumptions including the amount of future state and federal pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates used to manage the underlying business.

As of December 31, 2014, FHN had federal tax credit carryforwards which will expire in varying amounts between 2031 and 2034, state income tax net operating loss (“NOL”) carryforwards which will expire in varying amounts between 2016 and 2032, and federal capital loss carryforwards, which will expire in 2017. As of December 31, 2014 and 2013, FHN established a valuation allowance of $.1 million and $5.9 million, respectively, against its state NOL carryforwards and $44.4 million and $51.9 million, respectively, against its capital loss carryforwards. FHN’s DTA after valuation allowance was $346.6 million and $377.9 million as of December 31, 2014 and 2013, respectively. Based on current analysis, FHN believes that its ability to realize the remaining DTA is more likely than not. FHN monitors its DTA and the need for a valuation allowance on a quarterly basis. A significant adverse change in FHN’s taxable earnings outlook could result in the need for further valuation allowances. In the event FHN is able to determine that the deferred tax assets are realizable in the future in excess of their net recorded amount, FHN would make an adjustment to the valuation allowance, which would reduce the provision for income taxes.

Changes in tax laws and rates could also affect recorded DTAs and DTLs in the future. Management is not aware of the enactment of any such changes that would have a material effect on the company’s results of operations, cash flows or financial position.

The total balance of unrecognized tax benefits on December 31, 2014, was $5.2 million compared with $6.6 million as of the end of 2013. On December 31, 2014 there were no tax positions included in the balance of unrecognized tax benefits for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. To the extent such unrecognized tax benefits as of December 31, 2014 are subsequently recognized, $3.4 million of tax benefits would impact tax expense and FHN’s effective tax rate.

FHN’s policy under ASC 740 is to recognize accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. Interest accrued as of December 31, 2014 was $.9 million compared to $2.0 million in 2013. The total amount of interest and penalties recognized in the Consolidated Statements of Income during 2014 and 2013 was a benefit of $1.1 million and $2.5 million, respectively.

FHN and its eligible subsidiaries are included in a consolidated federal income tax return. FHN files separate returns for subsidiaries that are not eligible to be included in a consolidated federal income tax return. Based on the laws of the applicable states where it conducts business operations, FHN either files consolidated, combined, or separate returns. With few exceptions, FHN is no longer subject to federal or state and local tax examinations by tax authorities for years before 2010. During 2013 the IRS completed a limited issue focused examination (“LIFE”) for the years ending December 31, 2011 and 2010. All proposed adjustments with respect to the examination of those years have been settled. FHN is currently under audit in several states.

See also Note 16 – Income Taxes for additional information.

STATEMENT OF CONDITION REVIEW

Total period-end assets were $25.7 billion on December 31, 2014, compared to $23.8 billion on December 31, 2013. Average assets decreased to $24.0 billion in 2014 from $24.4 billion in 2013. The decrease in average assets is primarily attributable to declines in non-earning assets, loan balances, and trading securities, partially offset by increases in AFS securities and interest-bearing cash. The increase in period-end assets was driven by increases in interest-bearing cash, loan balances, trading securities, and securities purchased under agreements to resell, somewhat offset by a decline in non-earning assets and loans HFS.

EARNING ASSETS

Earning assets consist of loans, loans HFS, investment securities, and other earning assets such as trading securities and interest-bearing cash. Average earning assets were $21.8 billion in 2014, a $53.2 million increase from a year earlier. A more detailed discussion of the major line items follows.

Loans

Period-end loans increased to $16.2 billion as of December 31, 2014 from $15.4 billion on December 31, 2013. Average loans for 2014 were $15.5 billion compared to $15.7 billion for 2013. The increase in period-end loan balances was due to loan growth within the regional bank which more than offset balance declines within FHN’s run-off portfolios within the non-strategic segment. Loan growth was largely within the regional bank’s commercial portfolios while the decline in balances within non-strategic were largely within the consumer real estate and permanent mortgage portfolios. The decline in average loan balances in 2014 relative to the prior year was driven by run-off of the non-strategic portfolios which outpaced average loan growth within the Regional Bank.

Table 8 - Average Loans

						2014								2013								2012
			Percent			Growth					Percent			Growth					Percent			Growth
(Dollars in thousands)	2014		of Total			Rate			2013		of Total			Rate			2012		of Total			Rate
Commercial:
Commercial, financial, and industrial	$	8,156,750		52	%		2	%	$	7,972,875		51	%			*	$	7,994,102		49	%		12	%
Commercial real estate		1,223,487		8			5			1,170,618		7			(10	)%		1,307,001		8			(15	)
Total commercial		9,380,237		60			3			9,143,493		58			(2	)		9,301,103		57			7
Retail:
Consumer real estate (a)		5,198,304		34			(6	)		5,526,386		35			(5	)		5,829,089		36			(4	)
Permanent mortgage (b)		594,450		4			(20	)		742,793		5			(7	)		795,014		5			(22	)
Credit card and other		347,981		2			11			313,702		2			12			280,197		2			(5	)
Total retail		6,140,735		40			(7	)		6,582,881		42			(5	)		6,904,300		43			(6	)
Total loans, net of unearned	$	15,520,972		100	%		(1	)%	$	15,726,374		100	%		(3	)%	$	16,205,403		100	%		1	%

(a)	2014, 2013, and 2012 include $140.7 million, $369.3 million, and $473.5 million of restricted and secured real estate loans, respectively.
(b)	2014, 2013, and 2012 include $.4 million, $12.4 million, and $22.6 million of restricted and secured real estate loans, respectively.

C&I loans are the largest component of the commercial portfolio comprising 87 percent of average commercial loans in both 2014 and 2013. C&I loans increased 2 percent, or $183.9 million, from 2013 due to net loan growth within the regional bank’s general commercial portfolio and also an increase in asset-based lending. This loan growth was partially offset by declines in the average balance of loans to mortgage companies and C&I loans within the non-strategic segment which was driven by sales and payoffs of nonaccruing trust preferred loans since 2013. Commercial real estate loans increased 5 percent or $52.9 million to $1.2 billion in 2014 because of growth in expansion markets and opportunities with new and existing customers within the regional bank which outpaced the continued wind-down of the non-strategic components.

Average retail loans declined 7 percent, or $442.1 million, from a year ago, to $6.1 billion in 2014. The consumer real estate portfolio (home equity lines and installment loans) declined $328.1 million, to $5.2 billion as the continued wind-down of portfolios within the non-strategic segment outpaced a $101.5 million increase in real estate installment loans from new originations within the regional bank. The permanent mortgage portfolio declined $148.3 million to $594.5 million in 2014 largely driven by runoff of the legacy assets. Credit Card and Other increased $34.3 million to $348.0 million in 2014 due to strategic focus on growing the credit card and other consumer portfolios.

Table 9 - Contractual Maturities of Commercial Loans on December 31, 2014

			After 1 Year
(Period-end) (Dollars in thousands)	Within 1 Year		Within 5 Years		After 5 Years		Total
Commercial, financial, and industrial	$	3,387,086	$	4,160,379	$	1,459,821	$	9,007,286
Commercial real estate		370,009		825,801		81,907		1,277,717
Total commercial loans	$	3,757,095	$	4,986,180	$	1,541,728	$	10,285,003
For maturities over one year:
Interest rates - floating			$	3,816,212	$	850,612	$	4,666,824
Interest rates - fixed				1,169,968		691,116		1,861,084
Total maturities over one year			$	4,986,180	$	1,541,728	$	6,527,908

Because of various factors, the contractual maturities of consumer loans are not indicative of the actual lives of such loans. A significant component of FHN’s loan portfolio consists of consumer real estate loans – a majority of which are home equity lines of credit and home equity installment loans. Typical home equity lines originated by FHN are variable rate 5/15, 10/10, or 10/20 lines. In a 5/15 line, a borrower may draw on the loan for 5 years and pay interest only during that period (“the draw period”), and for the next 15 years the customer pays principal and interest and may no longer draw on that line. A 10/10 loan has a 10 year draw period followed by a 10-year principal-and-interest period and a 10/20 loan has a 10 year draw period followed by a 20-year principal-and-interest period. Therefore, the contractual maturity for 5/15 and 10/10 home equity lines is 20 years and the contractual maturity for 10/20 home equity lines is 30 years. Numerous factors can contribute to the actual life of a home equity line or installment loan as the prepayment rates for these portfolios typically do not trend consistent with contractual maturities. In normalized market conditions, the average life of home equity line and installment loan portfolios is significantly less than the contractual period as indicated by historical trends. More recent indicators suggest that the average life of these portfolios could be longer when compared to that observed in normalized market conditions. This could be attributed to the limited availability of new credit in the marketplace, historically weak performance of the housing market, and a historically low interest rate environment. However, the actual average life of home equity lines and loans is difficult to predict and changes in any of these factors could result in changes in projections of average lives.

Investment Securities

FHN’s investment portfolio consists principally of debt securities including government agency issued mortgage-backed securities (“MBS”) and government agency issued collateralized mortgage obligations (“CMO”), substantially all of which are classified as available-for-sale (“AFS”). FHN utilizes the securities portfolio as a source of income, liquidity and collateral for repurchase agreements, for public funds, and as a tool for managing risk of interest rate movements. Table 10 shows information pertaining to the composition, yields, and contractual maturities of the investment securities portfolio. Investment securities increased 5 percent from $3.4 billion on December 31, 2013 to $3.6 billion on December 31, 2014. Average investment securities were $3.6 billion in 2014 and $3.2 billion in 2013, representing 16 percent of earning assets in 2014 compared to 15 percent in 2013. The amount of securities purchased for the investment portfolio is largely driven by the desire to protect the value of non-rate sensitive liabilities and equity and maximize yield on FHN’s excess liquidity without negatively affecting future yields while operating in this historically low interest rate environment.

Government agency issued MBS and CMO, and other agencies averaged $3.3 billion and $2.9 billion in 2014 and 2013, respectively. U.S. treasury securities and municipal bonds averaged $44.7 million in 2014 compared to $56.8 million in 2013. Investments in equity securities averaged $191.9 million in 2014 compared with $222.4 million in 2013. A majority of these balances include restricted investments in the Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) which averaged over $160 million and $190 million in 2014 and 2013, respectively. On December 31, 2014, AFS investment securities had $30.1 million of net unrealized gains that resulted in an increase in shareholders’ equity of $18.6 million, net of $11.6 million of deferred income tax benefits. See Note 3 – Investment Securities for additional detail.

Table 10 - Contractual Maturities of Investment Securities on December 31, 2014 (Amortized Cost)

						After 1 year					After 5 years
	Within 1 year					Within 5 years					Within 10 years					After 10 years
(Period-end)(Dollars in thousands)	Amount		Yield			Amount		Yield			Amount		Yield			Amount		Yield
Securities available-for-sale:
Government agency issued MBS and CMO (a)	$	—		—	%	$	3		7.14	%	$	4,606		5.04	%	$	3,327,629		2.49	%
U.S. treasuries		—		—			100		0.98			—		—			—		—
Other U.S. government agencies		1,755		5.51			—		—			—		—			—		—
State and municipalities (b)		—		—			1,500		—			—		—			8,705		0.12
Other (c)		—		—			—		—			—		—			182,184		4.07
Total securities available-for-sale	$	1,755		5.51	%	$	1,603		0.07	%	$	4,606		5.04	%	$	3,518,518		2.57	%
Securities held-to-maturity:
State and municipalities	$	—		—	%	$	—		—	%	$	—		—	%	$	4,292		6.71	%
Total securities held-to-maturity	$	—		—	%	$	—		—	%	$	—		—	%	$	4,292		6.71	%

(a) Represents government agency-issued mortgage-backed securities and collateralized mortgage obligations which, when adjusted for early pay downs, have an estimated average life of 4.0 years.

(b) Weighted average yields on tax-exempt obligations have been computed by adjusting allowable tax-exempt income to a fully taxable equivalent basis.

(c) The amount classified as maturing after 10 years represents equity securities with no stated maturity.

Loans Held-for-Sale

Loans HFS consists of the mortgage warehouse (primarily repurchased government-guaranteed loans), student, small business, and home equity loans. The average balance of loans HFS decreased $85.9 million from 2013 and averaged $296.1 million in 2014. On December 31, 2014 and 2013, loans HFS were $141.3 million and $370.2 million, respectively. The lower balances of both average and period-end loans HFS reflect the third quarter 2014 sales of loans with approximately $315 million in unpaid principal balance.

Other Earning Assets

All other earning assets include trading securities, securities purchased under agreements to resell, federal funds sold (“FFS”), and interest-bearing deposits with the Federal Reserve Bank (“FRB”) and other financial institutions. All other earning assets decreased $27.7 million and averaged $2.5 billion in 2014 and 2013, as a $131.1 million decrease in trading securities was partially offset by a $106.5 million increase in interest-bearing cash. Period-end earning assets were $3.5 billion on December 31, 2014 up from $2.0 billion on December 31, 2013. The increase in period-end other earning assets was primarily due to an $891.7 million increase in interest-bearing cash, driven by an inflow of deposits and proceeds from the issuance of $400 million of senior notes in fourth quarter 2014. Additionally, a $392.7 million and $246.5 million increase in trading securities and securities purchased under agreements to resell (“asset repos”), respectively, also contributed to the increase in other earning assets year over year. Capital markets’ trading

inventory fluctuates daily based on customer demand, while asset repos are used in capital markets fixed income trading activity and generally correlate with the level of capital markets trading liabilities (short-positions) as securities collateral from repo transactions is used to fulfill trades.

Non-earning assets

Non-earning assets averaged $2.2 billion in 2014, an 18 percent decline from $2.6 billion in 2013. Period-end balances were also $2.2 billion and $2.6 billion on December 31, 2014 and 2013, respectively. The decline in non-earning assets is primarily due to declines in servicing advances and MSR due to the sales of substantially all remaining legacy mortgage servicing in fourth quarter 2013 and first quarter 2014, as well as a decline in derivative assets.

Core Deposits

Core deposits were $17.6 billion on December 31, 2014, up 9 percent from $16.2 billion on December 31, 2013. The increase in period-end core deposits was primarily driven by the addition of approximately $440 million of deposits associated with the fourth quarter branch acquisition, an inflow of commercial customer deposits, and FHN’s decision to increase Insured Network Deposits. Insured Network Deposits are an FDIC-insured deposit sweep program where financial institutions can receive unsecured deposits for the long-term (several years) and in larger-dollar increments. Average core deposits increased $127.0 million to $15.9 billion in 2014 from $15.8 billion in 2013.

Short-Term Funds

Average short-term funds (certificates of deposit greater than $100,000, federal funds purchased (“FFP”), securities sold under agreements to repurchase, trading liabilities, and other short-term borrowings) decreased 2 percent, or $66.0 million, to $3.2 billion in 2014. The decrease was driven by declines in FFP, jumbo certificates of deposits, securities sold under agreements to repurchase, and trading liabilities, partially offset by higher levels of borrowings from the Federal Home Loan Bank (“FHLB”). Average FFP, which currently is composed primarily of funds from correspondent banks, was $1.1 billion in 2014 compared to $1.3 billion in 2013. FFP fluctuates depending on the amount of excess funding of FHN’s correspondent bank customers while capital markets’ trading liabilities fluctuate based on expectations of customer demand. The increased level of FHLB borrowings was primarily because of deposit fluctuations combined with loan growth. On average, short-term purchased funds accounted for 15 percent of FHN’s funding (core deposits plus short-term purchased funds and term borrowings) in 2014 compared to 16 percent in 2013. Period-end short-term funds increased $207.2 million from $2.6 billion on December 31, 2013 to $2.8 billion on December 31, 2014. The increase in period-end balances reflects higher balances of trading liabilities and securities sold under agreement to repurchase which more than offset lower jumbo CD’s and FHLB borrowings. See Note 10 – Short Term Borrowings for additional information.

Term Borrowings

Term borrowings include senior and subordinated borrowings and advances with original maturities greater than one year. Term borrowings averaged $1.6 billion in 2014, compared to $1.9 billion in 2013. The decrease in average term borrowings primarily relates to a decline in restricted/secured borrowings due to the collapse/deconsolidation of three previously consolidated on-balance sheet consumer loan securitizations in first quarter 2014 and $350.0 million of subordinated notes that matured during the second quarter of 2013. On December 31, 2014, term borrowings were $1.9 billion compared to $1.7 billion on December 31, 2013. The increase in period-end balances is due to the issuance of $400 million of senior notes in fourth quarter 2014. See Note 11 – Term Borrowings for additional information.

Other Liabilities

Average other liabilities declined $189.8 million from 2013 to $692.8 million in 2014. The largest declines were within the net pension funding status driven by changes resulting from the annual measurement between 2012 and 2013, the repurchase and foreclosure reserve due to losses charged against the liability since 2013, derivative liabilities, and capital markets’ payables. These decreases were partially offset by an increase in other accrued liabilities – mainly because of litigation accruals. Period-end other liabilities were $786.8 million on December 31, 2014 compared to $786.4 million on December 31, 2013. The declines described above that affected the average balances also affected period-end balances with the exception of the net pension funding status, which increased $111.4 million primarily driven by a change in the discount rate between 2013 and 2014 and other accrued liabilities which were relatively flat between period end 2014 and 2013.

CAPITAL

Management’s objectives are to provide capital sufficient to cover the risks inherent in FHN’s businesses, to maintain excess capital to well-capitalized standards, and to assure ready access to the capital markets. Average equity was $2.6 billion in 2014 compared to $2.5 billion in 2013. The increase in average equity between periods was primarily due to the impact of net income on retained

earnings and a favorable decline in the effects of pensions within other comprehensive income, partially offset by a decrease in capital surplus and common stock because of shares that were purchased under the 2014 share repurchase program mentioned below. Period-end equity was $2.6 billion in 2014 compared to $2.5 billion in 2013.The increase in period-end equity was primarily driven by the impact of net income on retained earnings and an increase in unrealized gains associated with the AFS securities portfolio within accumulated other comprehensive income, somewhat offset by an increase in the effects of net pension funding status within other comprehensive income largely due to a decline in the discount rate, as well as share repurchases.

In fourth quarter 2011, FHN launched a share repurchase program which enabled FHN to repurchase its common stock in the open market or in privately negotiated transactions, subject to certain conditions. As of December 31, 2013, this program had authorized total purchases of up to $300 million and FHN had repurchased $262.7 million of common shares under this program. In January 2014, FHN’s board of directors terminated this share repurchase program and approved a new share repurchase program which enables FHN to repurchase its common stock in the open market or in privately negotiated transactions, again subject to certain conditions. The current program authorizes total purchases of up to $100 million and expires on January 31, 2016. During 2014, FHN repurchased $38.5 million of common shares under this program.

The following tables provide a reconciliation of Shareholders’ equity from the Consolidated Statements of Condition to Tier 1 and Total Regulatory Capital as well as certain selected capital ratios:

Table 11 - Regulatory Capital and Ratios        

(Dollars in thousands)	2014			2013
Shareholders’ equity (a)	$	2,295,537		$	2,205,320
Regulatory adjustments:
Goodwill and other intangibles		(141,831	)		(133,013	)
Net unrealized (gains)/losses on AFS securities		(18,651	)		11,228
Minimum pension liability		206,827			138,768
Noncontrolling interest - FTBNA preferred stock		294,816			294,816
Trust preferred		200,000			200,000
Disallowed servicing assets		(225	)		(4,638	)
Disallowed deferred tax assets		(22,862	)		(93,399	)
Other		(108	)		(106	)
Tier 1 capital	$	2,813,503		$	2,618,976
Tier 2 capital		334,833			444,655
Total regulatory capital	$	3,148,336		$	3,063,631

	2014					2013
	Ratio			Amount		Ratio			Amount
Tier 1
First Horizon National Corporation		14.46	%	$	2,813,503		13.87	%	$	2,618,976
First Tennessee Bank National Association (b)		16.12			3,107,407		15.99			2,991,866
Total
First Horizon National Corporation		16.18			3,148,336		16.23			3,063,631
First Tennessee Bank National Association (b)		17.86			3,441,315		18.36			3,434,410
Tier 1 Common (c)
First Horizon National Corporation		11.43			2,223,063		10.75			2,028,536
Other Capital Ratios
Total period-end equity to period-end assets		10.09					10.51
FHN’s Tier 1 Leverage		11.43					11.04
Adjusted tangible common equity to risk weighted assets (c)		10.31					10.37
Tangible common equity to tangible assets (c)		7.94					8.24

(a) Shareholders’ equity balances are shown as originally reported. For regulatory purposes each Report of Condition and Income covers a single discrete period and retroactive restatement of prior years’ Reports of Condition and Income is not permitted due to the adoption of a new accounting standard.

(b) Excluding financial subsidiaries, FTBNA’s Tier 1 and Total Capital ratios were 15.77 percent and 16.59 percent, respectively, at December 31, 2014.

(c) Refer to the Non-GAAP to GAAP Reconciliation – Table 31.

Banking regulators define minimum capital ratios for bank holding companies and their bank subsidiaries. Based on the capital rules and definitions prescribed by the banking regulators, should any depository institution’s capital ratios decline below predetermined

levels, it would become subject to a series of increasingly restrictive regulatory actions. The system categorizes a depository institution’s capital position into one of five categories ranging from well-capitalized to critically under-capitalized. In 2014, for an institution the size of FHN to qualify as well-capitalized, Tier 1 Capital, Total Capital, and Leverage capital ratios must be at least 6 percent, 10 percent, and 5 percent, respectively. As of December 31, 2014, FHN and FTBNA had sufficient capital to qualify as well-capitalized institutions. Tier 1, Tier 1 Common, and Tier 1 Leverage capital ratios increased in 2014 relative to 2013 primarily due to the impact of net income less dividends on retained earnings and a favorable decline in the regulatory adjustment for disallowed DTAs. Total Capital ratios for both FHN and FTBNA were negatively impacted by a reduction in the amount of Tier 2 qualifying subordinated debt as that debt approaches maturity. Through 2015, capital ratios are expected to remain significantly above well-capitalized standards. Refer to the discussion of rules that will impact capital ratios for the industry in the Market Uncertainties and Prospective Trends section of MD&A.

Pursuant to board authority, FHN may repurchase shares of its common stock from time to time and will evaluate the level of capital and take action designed to generate or use capital, as appropriate, for the interests of the shareholders, subject to legal and regulatory restrictions. FHN’s board has not authorized a preferred stock purchase program. The following tables provide information related to securities repurchased by FHN during fourth quarter 2014:

Table 12 - Issuer Purchases of Common Stock

Compensation Plan-Related Repurchase Authority:

					Total number of		Maximum number
	Total number				shares purchased		of shares that may
	of shares		Average price		as part of publicly		yet be purchased
(Volume in thousands, except per share data)	purchased		paid per share		announced programs		under the programs
2014
October 1 to October 31		16	$	11.61		16		31,337
November 1 to November 30		1	$	12.75		1		31,336
December 1 to December 31		—		N/A		—		31,336
Total		17	$	11.67		17

N/A - Not applicable

Compensation Plan Programs:

• A consolidated compensation plan share purchase program was announced on August 6, 2004. This action consolidated into a single share purchase program all of the previously authorized compensation plan share programs as well as the renewal of the authorization to purchase shares for use in connection with two compensation plans for which the share purchase authority had expired. The total amount authorized under this consolidated compensation plan share purchase program, inclusive of a program amendment on April 24, 2006, is 29.6 million shares calculated before adjusting for stock dividends distributed through January 1, 2011. The authorization has been reduced for that portion which relates to compensation plans for which no options remain outstanding. The shares may be purchased over the option exercise period of the various compensation plans on or before December 31, 2023. On December 31, 2014, the maximum number of shares that may be purchased under the program was 31.3 million shares. Purchases may be made in the open market or through privately negotiated transactions and are subject to market conditions, accumulation of excess equity, prudent capital management, and legal and regulatory restrictions. Management currently does not anticipate purchasing a material number of shares under this authority during 2015.

Other Repurchase Authority:

					Total number of		Maximum approximate
	Total number				shares purchased		dollar value that may
	of shares		Average price		as part of publicly		yet be purchased
(Dollar values and volume in thousands, except per share data)	purchased		paid per share (a)		announced programs		under the programs
2014
October 1 to October 31		—		N/A		—	$	75,974
November 1 to November 30		559	$	12.85		559	$	68,800
December 1 to December 31		561		13.00		561	$	61,501
Total		1,120	$	12.92		1,120

N/A - Not applicable

(a) Represents total costs including commissions paid.

Other Programs:

On January 22, 2014, FHN announced a $100 million share purchase authority that expires on January 31, 2016. As of December 31, 2014, $38.5 million in purchases had been made under this authority at an average price per share of $12.35, $12.33 excluding commissions. Purchases may be made in the open market or through privately negotiated transactions and will be subject to market conditions, accumulation of excess equity, prudent capital management, and legal and regulatory restrictions.

CASH FLOWS

The Consolidated Statements of Cash Flows provide information on cash flows from operating, investing, and financing activities for the years ended December 31, 2014, 2013, and 2012. The level of cash and cash equivalents increased $243.5 million during 2014 compared to a decrease of $278.4 million during 2013. During 2014 cash provided by financing and operating activities outpaced cash used by investing activities, whereas in 2013 cash used by financing activities more than offset cash provided by investing and operating activities.

Net cash provided by operating activities was $704.7 million in 2014 and $431.4 million in 2013. Operating cash flows in 2014 were positively affected by cash-related net income items, cash proceeds from MSR sales, and $229.9 million of changes in cash related to operating assets and liabilities. Additionally the sale of mortgage loans HFS positively impacted cash during 2014; however these increases were partially offset by a $167.1 million net change in cash related to capital market activities which negatively impacted operating cash flows. Net cash provided by financing activities was $1,025.4 million in 2014 compared to net cash used of $1,472.7

million in 2013. In 2014, cash was positively affected by an increase in deposits and the issuance of senior notes, but was partially offset by payments of long-term borrowings related to the collapse/resolution of two securitization trusts which negatively affected financing cash flows. Additionally cash dividends and share repurchases negatively impacted financing cash flows in 2014. Net cash used by investing activities was $1,486.7 million in 2014 compared to net cash provided by investing activities of $763.0 million in 2013. Increases in loan balances and interest-bearing cash, as well as a $116.0 million net decrease in cash related to activity associated with the available-for-sale securities portfolio negatively affected cash provided by investing activities in 2014, but was partially offset by $413.4 million received from the branch acquisition.

Net cash provided by investing activities was $763.0 million in 2013 compared to net cash used of $415.2 million in 2012. In 2013, declining loan balances and $53.3 million in cash receipts related to the MNB acquisition favorably affected cash provided by investing activities. These cash inflows were somewhat offset by activity related to the AFS securities portfolio which resulted in a $385.1 million net decrease in cash as securities purchased outpaced maturities and sales. There was an increase of $349.9 million in deposits held with the Fed that negatively affected cash flows from investing activities. Net cash provided by operating activities was $431.4 million in 2013 and $371.6 million in 2012. Operating cash flows in 2013 were positively affected by cash-related net income items and a $242.8 million net increase in cash related to capital markets activities, which more than offset a decline in cash from operating assets and liabilities of $275.2 million. Net cash used by financing activities was $1,472.7 million in 2013 compared to net cash provided of $321.6 million in 2012. In 2013, cash was negatively affected by a decrease in short-term borrowings due to the payoff of FHLB borrowings and declining deposits, as well as $430.1 million in maturities and payments of term borrowings and $91.5 million of common shares repurchased. This cash outflow was somewhat mitigated by the cash inflow from the preferred stock issuance that provided $95.6 million in net proceeds.

Net cash provided by operating activities was $371.6 million in 2012 and was driven by cash-related net income items that were partially offset by decreases in cash of $73.3 million and $37.0 million from capital markets trading activities and changes in operating assets and liabilities, respectively. Net cash provided by financing activities was $321.6 million in 2012 as inflows driven by increased FHLB borrowings as a result of deposit fluctuations and increased funding needs for loans to mortgage companies and core deposit growth more than offset cash outflows related to payments and maturities of term borrowings of $234.2 million and cash paid to repurchase common stock of $133.8 million. Cash used by investing activities was $415.2 million in 2012. Cash outflows of $489.3 million from loan growth negatively affected cash flow from investing activities. Activity related to the AFS securities portfolio resulted in a $24.8 million net decrease in cash as securities purchases outpaced sales and maturities in 2012. The decrease was partially offset by a $99.5 million decline in deposits held at the Fed.

ACCOUNTING STANDARDS UPDATES ISSUED BUT NOT CURRENTLY EFFECTIVE

In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN will adopt the requirements of ASU 2014-04 prospectively and does not expect it to have a material effect on FHN’s statements of condition, results of operations or cash flows.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients

permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not engage in repurchase-to- maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that it not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual and interim periods beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN currently classifies foreclosed properties with government guarantees within other real estate owned and plans to adopt ASU 2014-14 prospectively.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2015 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

QUARTERLY FINANCIAL INFORMATION

Table 30 - Summary of Quarterly Financial Information

	2014								2013
	Fourth		Third		Second		First		Fourth		Third			Second		First
(Dollars in millions except per share data)	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter			Quarter		Quarter
Summary income information:
Interest income	$	179.4	$	178.9	$	177.4	$	173.6	$	179.1	$	182.6		$	184.0	$	186.4
Interest expense		20.4		19.3		20.6		21.2		21.9		23.8			24.0		25.0
Provision for loan losses		6.0		6.0		5.0		10.0		15.0		10.0			15.0		15.0
Noninterest income		119.6		157.8		126.9		145.7		135.0		150.5			142.6		156.4
Noninterest expense		207.3		244.0		163.2		218.0		254.6		431.0			224.9		238.0
Income/(loss) from continuing operations		51.6		50.5		81.9		50.0		53.2		(103.8	)		44.6		43.9
Income/(loss) from discontinued operations, net of tax		—		—		—		—		—		0.1			—		0.5
Net income/(loss)		51.6		50.5		81.9		50.0		53.2		(103.7	)		44.6		44.3
Income/(loss) available to common shareholders	$	47.1	$	46.1	$	77.5	$	45.6	$	48.7	$	(108.1	)	$	40.2	$	40.3
Earnings/(loss) per common share from continuing operations	$	0.20	$	0.20	$	0.33	$	0.19	$	0.21	$	(0.46	)	$	0.17	$	0.17
Earnings/(loss) per common share		0.20		0.20		0.33		0.19		0.21		(0.46	)		0.17		0.17
Diluted earnings/(loss) per common share from continuing operations		0.20		0.19		0.33		0.19		0.21		(0.46	)		0.17		0.17
Diluted earnings/(loss) per common share		0.20		0.19		0.33		0.19		0.21		(0.46	)		0.17		0.17
Common stock information:
Closing price per share:
High	$	13.91	$	12.96	$	12.56	$	12.56	$	11.68	$	12.55		$	11.67	$	11.26
Low		11.37		11.47		11.18		11.22		10.65		10.99			9.72		9.96
Period-end		13.58		12.28		11.86		12.34		11.65		10.99			11.20		10.68
Cash dividends declared per share		0.05		0.05		0.05		0.05		0.05		0.05			0.05		0.05

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Summary of Significant Accounting Policies for additional information.

NON-GAAP INFORMATION

The following table provides a reconciliation of non-GAAP items presented in this MD&A to the most comparable GAAP presentation:

Table 31 - Non-GAAP to GAAP Reconciliation

(Dollars in thousands)	2014			2013
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	2,581,590		$	2,488,377
Less: Noncontrolling interest (a)		295,431			295,431
Less: Preferred Stock		95,624			95,624
Total common equity		2,190,535			2,097,322
Less: Intangible assets (GAAP) (b)		175,450			163,931
(B) Tangible common equity (Non-GAAP)		2,015,085			1,933,391
Less: Unrealized gains/(losses) on AFS securities, net of tax		18,581			(11,241	)
(C) Adjusted tangible common equity (Non-GAAP)	$	1,996,504		$	1,944,632
Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	25,668,187		$	23,784,493
Less: Intangible assets (GAAP) (b)		175,450			163,931
(E) Tangible assets (Non-GAAP)	$	25,492,737		$	23,620,562
Tier 1 Common (Non-GAAP)
(F) Tier 1 capital (c) (d)	$	2,813,503		$	2,618,976
Less: Noncontrolling interest - FTBNA preferred stock (a) (e)		294,816			294,816
Less: Preferred Stock		95,624			95,624
Less: Trust preferred (f)		200,000			200,000
(G) Tier 1 Common (Non-GAAP)	$	2,223,063		$	2,028,536
Risk Weighted Assets
(H) Risk Weighted assets (c) (d)	$	19,452,656		$	18,878,594
Ratios
(B)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)		7.90	%		8.19	%
(A)/(D) Total period-end equity to period-end assets (GAAP)		10.06			10.46
(G)/(H) Tier 1 common to risk weighted assets (Non-GAAP)		11.43			10.75
(F)/(D) Tier 1 capital to total assets (GAAP)		10.96			11.01
(C)/(H) Adjusted common equity to risk weighted assets (“TCE/RWA”) (Non-GAAP) (g)		10.26			10.30

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

(a)	Included in Total equity on the Consolidated Statements of Condition.
(b)	Includes Goodwill and other intangible assets, net of amortization.
(c)	Tier 1 Capital and Risk Weighted Assets balances presented are as originally reported. For regulatory purposes each Report of Condition and Income covers a single discrete period and retroactive restatement of prior years’ Reports of Condition and Income is not permitted due to the adoption of an accounting standard.
(d)	Defined by and calculated in conformity with bank regulations currently applicable to FHN and FTBNA.
(e)	Represents FTBNA preferred stock included in noncontrolling interest.
(f)	Included in Term borrowings on the Consolidated Statements of Condition.
(g)	See Glossary of Terms for definition of ratio.

CONSOLIDATED HISTORICAL STATEMENTS OF INCOME (Unaudited)

															Growth Rates
(Dollars in millions except per share data)	2014			2013			2012			2011		2010			14/13			14/10**
Interest income:
Interest and fees on loans	$	571.8		$	599.7		$	648.6		$	654.4	$	697.9			(5	)%		(5	)%
Interest on investment securities available-for-sale		93.2			83.8			98.4			118.1		114.3			11	%		(5	)%
Interest on investment securities held-to-maturity		.3			—			—			—		—			NM			NM
Interest on loans held-for-sale		11.2			13.0			14.9			15.9		18.7			(14	)%		(12	)%
Interest on trading securities inventory		32.0			34.6			35.4			43.2		46.4			(8	)%		(9	)%
Interest on other earning assets		.7			1.0			1.7			.8		2.9			(30	)%		(30	)%
Total interest income		709.2			732.1			799.0			832.4		880.2			(3	)%		(5	)%
Interest expense:
Interest on deposits:
Savings		11.5			14.8			19.7			27.0		31.3			(22	)%		(22	)%
Time deposits		9.1			15.9			21.3			29.3		38.6			(43	)%		(30	)%
Other interest-bearing deposits		3.1			3.8			5.9			6.2		8.8			(18	)%		(23	)%
Certificates of deposit $100,000 and more		3.1			5.6			8.3			9.8		13.0			(45	)%		(30	)%
Interest on trading liabilities		15.4			13.6			10.5			15.0		18.1			13	%		(4	)%
Interest on short-term borrowings		4.7			4.7			5.3			5.8		7.4				*		(11	)%
Interest on term borrowings		34.6			36.3			39.3			38.5		32.2			(5	)%		2	%
Total interest expense		81.5			94.7			110.3			131.6		149.4			(14	)%		(14	)%
Net interest income		627.7			637.4			688.7			700.8		730.8			(2	)%		(4	)%
Provision for loan losses		27.0			55.0			78.0			44.0		270.0			(51	)%		(44	)%
Net interest income/(loss) after provision for loan losses		600.7			582.4			610.7			656.8		460.8			3	%		7	%
Noninterest income:
Capital markets		200.6			272.4			334.9			355.3		424.0			(26	)%		(17	)%
Deposit transactions and cash management		111.9			114.4			120.2			134.1		143.2			(2	)%		(6	)%
Mortgage banking		71.2			33.3			51.9			90.6		167.4			NM			(19	)%
Brokerage, management fees and commissions		49.1			42.3			34.9			33.0		27.9			16	%		15	%
Trust services and investment management		27.8			26.5			24.3			25.0		25.7			5	%		2	%
Bankcard income		23.7			20.5			22.4			22.4		19.8			16	%		5	%
Bank owned life insurance		16.4			16.6			18.8			19.6		25.9			(1	)%		(11	)%
Other service charges		11.9			13.4			12.9			12.2		15.0			(11	)%		(6	)%
Equity securities gains/(losses), net		2.9			2.2			.4			35.4		10.5			32	%		(28	)%
Insurance commissions		2.3			3.0			3.1			3.6		3.6			(23	)%		(11	)%
Debt securities gains/(losses), net		—			(.4	)		.3			.8		.4			NM			NM
Gains/(losses) on divestitures		—			.1			.2			—		—			NM			NM
All other income and commissions		32.3			40.3			47.0			54.0		69.3			(20	)%		(17	)%
Total noninterest income		550.1			584.6			671.3			786.0		932.7			(6	)%		(12	)%
Adjusted gross income after provision for loan losses		1,150.8			1,167.0			1,282.0			1,442.8		1,393.5			(1	)%		(5	)%
Noninterest expense:
Employee compensation, incentives, and benefits		478.2			529.0			640.9			610.2		672.0			(10	)%		(8	)%
Occupancy		54.0			50.6			49.0			53.6		57.7			7	%		(2	)%
Legal and professional fees		44.2			53.4			38.8			69.6		61.9			(17	)%		(8	)%
Computer software		42.9			40.3			40.0			34.7		30.4			6	%		9	%
Operations services		35.2			35.2			35.4			50.3		59.1				*		(12	)%
Equipment rentals, depreciation, and maintenance		30.0			31.7			31.2			32.9		28.4			(5	)%		1	%
Contract employment and outsourcing		19.4			35.9			41.2			41.9		28.5			(46	)%		(9	)%
Advertising and public relations		18.7			18.2			17.4			16.9		23.2			3	%		(5	)%
Communications and courier		16.1			18.0			18.3			19.1		22.1			(11	)%		(8	)%
FDIC premium expense		11.4			20.2			28.0			28.3		37.1			(44	)%		(26	)%
Amortization of intangible assets		4.2			3.9			3.9			4.0		4.1			8	%		1	%
Foreclosed real estate		2.5			4.3			11.0			22.1		24.9			(42	)%		(44	)%
Repurchase and foreclosure provision		(4.3	)		170.0			299.3			159.6		189.8			NM			NM
All other expense		80.0			137.8			115.1			133.3		83.4			(42	)%		(1	)%
Total noninterest expense		832.5			1,148.5			1,369.5			1,276.5		1,322.6			(28	)%		(11	)%
Income/(loss) before income taxes		318.2			18.4			(87.5	)		166.3		70.9			NM			46	%
Provision/(benefit) for income taxes		84.2			(19.4	)		(72.0	)		32.2		3.3			NM			NM
Income/(loss) from continuing operations		234.0			37.8			(15.5	)		134.2		67.6			NM			36	%
Income/(loss) from discontinued operations, net of tax		—			0.5			0.1			8.6		(11.3	)		NM			NM
Net income/(loss)		234.0			38.4			(15.4	)		142.8		56.3			NM			43	%
Net income attributable to noncontrolling interest		11.5			11.5			11.5			11.4		11.4				*			*
Net income/(loss) attributable to controlling interest		222.5			26.9			(26.8	)		131.3		44.9			NM			49	%
Preferred stock dividends - CPP		—			—			—			—		108.0			NM			NM
Preferred stock dividends - Series A		6.2			5.8			—			—		—			7	%		NM
Net income/(loss) available to common shareholders	$	216.3		$	21.1		$	(26.8	)	$	131.3	$	(63.1	)		NM			NM
Fully taxable equivalent adjustment	$	9.6		$	7.6		$	7.0		$	6.0	$	2.8			26	%		36	%
Earnings/(loss) per common share from continuing operations	$	0.92		$	0.09		$	(0.11	)	$	0.47	$	(0.22	)		NM			NM
Diluted earnings/(loss) per common share from continuing operations	$	0.91		$	0.09		$	(0.11	)	$	0.47	$	(0.22	)		NM			NM
Earnings/(loss) per share available to common shareholders	$	0.92		$	0.09		$	(0.11	)	$	0.50	$	(0.27	)		NM			NM
Diluted earnings/(loss) per share available to common shareholders	$	0.91		$	0.09		$	(0.11	)	$	0.50	$	(0.27	)		NM			NM

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Numbers may not add to total due to rounding.

NM - not meaningful

* Amount is less than one percent.

** Compound annual growth rate.

CONSOLIDATED AVERAGE BALANCE SHEET AND RELATED YIELDS AND RATES (Unaudited)

	2014
(Fully taxable equivalent)	Average			Interest Income/			Average Yields/
(Dollars in millions)	Balance			Expense			Rates
Assets:
Earning assets:
Loans, net of unearned income (a)	$	15,521.0		$	580.5			3.74	%
Loans held-for-sale		296.1			11.2			3.77
Investment securities:
U.S. treasuries		27.0			—			0.06
U.S. government agencies		3,316.0			85.1			2.57
States and municipalities		17.7			0.5			2.72
Other		191.9			8.1			4.23
Total investment securities		3,552.6			93.7			2.64
Capital markets securities inventory		1,111.1			32.1			2.89
Mortgage banking trading securities		6.4			0.6			9.09
Other earning assets:
Federal funds sold		28.8			0.2			1.00
Securities purchased under agreements to resell (b)		651.0			(1.0	)		(0.15	)
Interest-bearing cash		658.2			1.5			0.22
Total other earning assets		1,338.0			0.7			0.06
Total earning assets		21,825.2			718.8			3.29
Allowance for loan losses		(243.9	)
Cash and due from banks		327.0
Capital markets receivables		55.2
Premises and equipment, net		300.0
Other assets		1,731.3
Total assets/Interest income	$	23,994.8		$	718.8
Liabilities and shareholders’ equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Savings	$	6,592.0		$	11.5			0.18	%
Time deposits		849.4			9.1			1.07
Other interest-bearing deposits		3,800.6			3.1			0.08
Total interest-bearing core deposits		11,242.0			23.7			0.21
Certificates of deposit $100,000 and more		493.4			3.1			0.63
Federal funds purchased		1,101.9			2.8			0.25
Securities sold under agreements to repurchase		447.8			0.3			0.08
Capital markets trading liabilities		633.9			15.4			2.43
Other short-term borrowings		532.0			1.6			0.30
Term borrowings		1,592.9			34.6			2.17
Total interest-bearing liabilities		16,043.9			81.5			0.51
Noninterest-bearing deposits		4,666.3
Capital markets payables		36.1
Other liabilities		656.6
Total liabilities		21,402.9
Shareholders’ equity		2,296.5
Noncontrolling interest		295.4
Total equity		2,591.9
Total liabilities and equity/Interest expense	$	23,994.8		$	81.5
Net interest income-tax equivalent basis/Yield				$	637.3			2.92	%
Fully taxable equivalent adjustment					(9.6	)
Net interest income				$	627.7
Net interest spread								2.78	%
Effect of interest-free sources used to fund earning assets								0.14
Net interest margin								2.92	%

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Yields and corresponding income amounts are adjusted to a FTE basis assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes. Earning assets yields are expressed net of unearned income. Rates are expressed net of unamortized debenture cost for long-term debt. Net interest margin is computed using total net interest income.

2013									2012									Average			Average
Average			Interest Income/			Average Yields/			Average			Interest Income/			Average Yields/			Balance Growth			Balance Growth
Balance			Expense			Rates			Balance			Expense			Rates			14/13			14/12 (c)
$	15,726.4		$	606.9			3.86	%	$	16,205.4		$	654.9			4.04	%		(1	)%		(2	)%
	382.0			13.0			3.40			416.6			14.9			3.58			(22	)%		(16	)%
	41.5			—			0.08			42.2			0.1			0.30			(35	)%		(20	)%
	2,901.2			74.4			2.56			2,862.8			88.6			3.10			14	%		8	%
	15.3			0.1			0.59			17.8			0.2			1.17			16	%			*
	222.4			9.3			4.19			222.6			9.6			4.30			(14	)%		(7	)%
	3,180.4			83.8			2.64			3,145.4			98.5			3.13			12	%		6	%
	1,233.1			33.4			2.71			1,261.1			33.7			2.67			(10	)%		(6	)%
	15.5			1.6			10.25			21.9			2.3			10.62			(59	)%		(46	)%
	24.7			0.2			1.00			22.7			0.2			1.01			17	%		13	%
	658.2			(0.4	)		(0.06	)		586.2			0.3			0.04			(1	)%		5	%
	551.7			1.2			0.22			565.5			1.2			0.22			19	%		8	%
	1,234.6			1.0			0.08			1,174.4			1.7			0.14			8	%		7	%
	21,772.0			739.7			3.40			22,224.8			806.0			3.63				*		(1	)%
	(259.5	)								(331.2	)								6	%		14	%
	345.9									344.3									(5	)%		(3	)%
	78.3									103.6									(30	)%		(27	)%
	304.4									310.1									(1	)%		(2	)%
	2,161.2									2,396.7									(20	)%		(15	)%
$	24,402.3		$	739.7					$	25,048.3		$	806.0						(2	)%		(2	)%
$	6,678.5		$	14.8			0.22	%	$	6,403.7		$	19.7			0.31	%		(1	)%		1	%
	1,001.6			15.9			1.59			1,101.2			21.3			1.93			(15	)%		(12	)%
	3,591.8			3.7			0.10			3,414.1			5.9			0.17			6	%		6	%
	11,271.9			34.4			0.31			10,919.0			46.9			0.43				*		1	%
	558.9			5.6			1.01			604.9			8.3			1.37			(12	)%		(10	)%
	1,263.8			3.2			0.25			1,548.0			3.9			0.25			(13	)%		(16	)%
	487.9			0.7			0.14			380.9			0.7			0.18			(8	)%		8	%
	665.1			13.6			2.05			589.5			10.5			1.77			(5	)%		4	%
	299.3			0.9			0.27			450.7			0.7			0.15			78	%		9	%
	1,944.7			36.3			1.87			2,326.8			39.3			1.69			(18	)%		(17	)%
	16,491.6			94.7			0.57			16,819.8			110.3			0.66			(3	)%		(2	)%
	4,509.4									4,688.1									3	%			*
	51.6									70.4									(30	)%		(28	)%
	831.0									867.5									(21	)%		(13	)%
	21,883.6									22,445.8									(2	)%		(2	)%
	2,223.4									2,307.3									3	%			*
	295.3									295.2										*			*
	2,518.7									2,602.5									3	%			*
$	24,402.3		$	94.7					$	25,048.3		$	110.3						(2	)%		(2	)%
			$	645.0			2.96	%				$	695.7			3.13	%
				(7.6	)								(7.0	)
			$	637.4								$	688.7
							2.83	%								2.97	%
							0.13									0.16
							2.96	%								3.13	%

*Amount less than one percent.

(a)	Includes loans on nonaccrual status.
(b)	2014 and 2013 yields driven by negative market rates on reverse repurchase agreements.
(c)	Compound annual growth rate.

EX-99.3

Exhibit 99.3

 Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholders

First Horizon National Corporation:

We have audited the accompanying consolidated statements of condition of First Horizon National Corporation and subsidiaries (the Company) as of December 31, 2014 and 2013, and the related consolidated statements of income, comprehensive income, equity, and cash flows for each of the years in the three-year period ended December 31, 2014. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of First Horizon National Corporation and subsidiaries as of December 31, 2014 and 2013, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2014, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company’s internal control over financial reporting as of December 31, 2014, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated February 24, 2015 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.

As discussed in Note 1 to the consolidated financial statements, the Company has retroactively changed its method of accounting for investments in qualified affordable housing projects due to the adoption of Financial Accounting Standards Board Accounting Standards Update 2014-01 “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.”

 

Memphis, Tennessee
February 24, 2015, except as it relates to the consolidated statements of condition, income, comprehensive Income, equity, and cash flows; Note 1; Note 13; Note 14; Note 16; Note 17; Note 21; Note 22; Note 25; and Note 27; as to which the date is October 19, 2015.

XML

Financial Information (Policy)

12 Months Ended

Dec. 31, 2014

Financial Information [Abstract]

Basis Of Accounting

Basis of Accounting. The consolidated financial statements of First Horizon National Corporation (“FHN”), including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results.

Principles of Consolidation And Basis Of Presentation

Principles of Consolidation and Basis of Presentation. The consolidated financial statements include the accounts of FHN and other entities in which it has a controlling financial interest. Variable Interest Entities (“VIEs”) for which FHN or a subsidiary has been determined to be the primary beneficiary are also consolidated. Affiliates for which FHN is not considered the primary beneficiary and in which FHN does not have a controlling financial interest are accounted for by the equity method. These investments are included in other assets, and FHN’s proportionate share of income or loss is included in noninterest income. All significant intercompany transactions and balances have been eliminated. For purposes of comparability, certain prior period amounts have been reclassified to conform to current year presentation.

Business Combinations

Business Combinations. FHN accounts for acquisitions as a business combination in accordance with ASC 805, "Business Combinations," which requires acquired assets and liabilities (other than tax balances) to be recorded at fair value. Business combinations are included in the financial statements from the respective dates of acquisition. Acquisition related costs are expensed as incurred.

Revenue Recognition

Revenue Recognition. FHN derives a significant portion of its revenues from fee-based services. Noninterest income from transaction-based fees is generally recognized when the transactions are completed. Noninterest income from service-based fees is generally recognized over the period in which FHN provides the service.

Deposit Transactions And Cash Management

Deposit Transactions and Cash Management. Deposit transactions include services related to retail and commercial deposit products (such as service charges on checking accounts), cash management products and services such as electronic transaction processing (Automated Clearing House and Electronic Data Interchange), account reconciliation services, cash vault services, lockbox processing, and information reporting to large corporate clients.

Insurance Commissions

Insurance Commissions. Insurance commissions are derived from the sale of insurance products, including acting as an independent agent to provide life, long-term care, and disability insurance.

Trust Services And Investment Management

Trust Services and Investment Management. Trust services and investment management fees include investment management, personal trust, employee benefits, and custodial trust services.

Brokerage, Management Fees and Commissions

Brokerage, Management Fees and Commissions. Brokerage, management fees and commissions include fees for portfolio management, trade commissions, and annuity and mutual fund sales.

Statements of Cash Flows

Statements of Cash Flows. For purposes of these statements, cash and due from banks, federal funds sold, and securities purchased under agreements to resell are considered cash and cash equivalents. Federal funds are usually sold for one-day periods, and securities purchased under agreements to resell are short-term, highly liquid investments.

Trading Activities

Trading Activities. Securities purchased in connection with underwriting or dealer activities (long positions) are carried at fair market value as trading securities. Gains and losses, both realized and unrealized, on these securities are reflected in capital markets noninterest income. Trading liabilities include securities that FHN has sold to other parties but does not own (short positions). FHN is obligated to purchase securities at a future date to cover the short positions. Assets and liabilities for unsettled trades are recorded on the Consolidated Statements of Condition as “Capital markets receivables” or “Capital markets payables.” Retained interests from securitizations in the form of excess interest, interest-only and principal-only strips from sales and securitizations of first lien mortgages are recognized at fair value as trading securities with gains and losses, both realized and unrealized, recognized in mortgage banking income. Excess interest represents rights to receive interest from serviced assets that exceed contractually specified rates. Principal-only strips are principal cash flow tranches, and interest-only strips are interest cash flow tranches. Cash receipts and payments are classified in investing activities on the Consolidated Statements of Cash Flows based on the purpose for which such financial assets were retained.

Investment Securities

Investment Securities. Investment securities are reviewed quarterly for possible other-than-temporary impairment (“OTTI”). The review includes an analysis of the facts and circumstances of each individual investment such as the degree of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and FHN’s intent and ability to hold the security. Securities that may be sold prior to maturity and equity securities are classified as securities available-for-sale and are carried at fair value. The unrealized gains and losses on securities available-for-sale, including debt securities for which no credit impairment exists, are excluded from earnings and are reported, net of tax, as a component of other comprehensive income within shareholders’ equity. Venture capital investments were classified as securities available-for-sale and were carried at fair value with unrealized gains and losses recognized in noninterest income.

Realized gains and losses for investment securities are determined by the specific identification method and reported in noninterest income. Declines in value judged to be other-than-temporary based on FHN’s analysis of the facts and circumstances related to an individual investment, including securities that FHN has the intent to sell, are also determined by the specific identification method, and reported in noninterest income. For impaired debt securities that FHN does not intend to sell and will not be required to sell prior to recovery but for which credit losses exist, the OTTI recognized is separated between the total impairment related to credit losses which is reported in noninterest income, and the impairment related to all other factors which is excluded from earnings and reported, net of tax, as a component of other comprehensive income within shareholders’ equity.

National banks chartered by the federal government are, by law, members of the Federal Reserve System. Each member bank is required to own stock in its regional Federal Reserve Bank ("FRB"). Given this requirement, FRB stock may not be sold, traded, or pledged as collateral for loans. Membership in the Federal Home Loan Bank (“FHLB”) network requires ownership of capital stock. Member banks are entitled to borrow funds from the FHLB and are required to pledge mortgage loans as collateral. Investments in the FHLB are non-transferable and, generally, membership is maintained primarily to provide a source of liquidity as needed.

Securities Purchased under Resale Agreements and Securities Sold under Repurchase Agreements

Securities Purchased under Resale Agreements and Securities Sold under Repurchase Agreements. FHN enters into short-term purchases of securities under agreements to resell which are accounted for as collateralized financings except where FHN does not have an agreement to sell the same or substantially the same securities before maturity at a fixed or determinable price. All of FHN’s securities purchased under agreements to resell are recognized as collateralized financings. Securities delivered under these transactions are delivered to either the dealer custody account at the FRB or to the applicable counterparty. Securities sold under agreements to repurchase are offered to cash management customers as an automated, collateralized investment account. Securities sold are also used by the retail/commercial bank to obtain favorable borrowing rates on its purchased funds. All of FHN's securities sold under agreements to repurchase are secured borrowings.

Collateral is valued daily and FHN may require counterparties to deposit additional securities or cash as collateral, or FHN may return cash or securities previously pledged by counterparties, or FHN may be required to post additional securities or cash as collateral, based on the contractual requirements for these transactions.

FHN’s capital markets business utilizes securities borrowing arrangements as part of its trading operations. Securities borrowing transactions generally require FHN to deposit cash with the securities lender. The amount of cash advanced is recorded within Securities purchased under agreements to resell in the Consolidated Statements of Condition. These transactions are not considered purchases and the securities borrowed are not recognized by FHN. FHN does not conduct securities lending transactions.

Loans Held-for-Sale and Securitization and Residual Interests

Loans Held-for-Sale and Securitization and Residual Interests. Prior to fourth quarter 2008, FHN originated first lien mortgage loans (“the warehouse”) for the purpose of selling them in the secondary market through sales to government sponsored enterprises ("GSEs"), through proprietary securitizations, and to a lesser extent through other whole loan sales. In addition, FHN sold certain of the second lien mortgages and home equity lines of credit (“HELOC”) it produced in the secondary market through securitizations and whole loan sales through third quarter 2007.

Loans originated or purchased in which management lacks the intent to hold are included in loans held-for-sale in the Consolidated Statements of Condition. FHN has elected the fair value option on a prospective basis for almost all types of mortgage loans heldfor sale. Such loans are carried at fair value, with changes in the fair value of closed-end mortgage loans recognized in the mortgage banking noninterest income section of the Consolidated Statements of Income. Changes in the fair value of HELOCs are recognized in mortgage banking income on the Consolidated Statements of Income. For mortgage loans originated for sale for which the fair value option is elected, loan origination fees are recorded by FHN when earned and related direct loan origination costs are recognized when incurred. See Note 25 – Fair Value of Assets and Liabilities for additional information. FHN accounts for all mortgage loans held-for-sale which were originated prior to 2008 and for mortgage loans held-for-sale for which fair value accounting was not elected at the lower of cost or market value (“LOCOM”).

Mortgage loans insured by the Federal Housing Administration (“FHA”) and mortgage loans guaranteed by the Veterans Administration (“VA”) were generally securitized through the Government National Mortgage Association (“GNMA”, "Ginnie Mae", or "Ginnie") programs. Generally, conforming conventional loans were securitized through GSEs such as the Federal National Mortgage Association (“FNMA”, "Fannie Mae", or "Fannie") and the Federal Home Loan Mortgage Corporation (“FHLMC”, "Freddie Mac" or "Freddie"). In addition, FHN completed proprietary securitizations of nonconforming first lien and second lien mortgages and HELOC, which do not conform to the requirements for sale or securitization through government agencies. Most of these securitizations are accounted for as sales; the one that does not qualify for sale treatment is accounted for as a consolidated VIE.

Loans

Loans. Loans are stated at principal amounts outstanding, net of unearned income. Interest on loans is recognized on an accrual basis at the applicable interest rate on the principal amount outstanding. Loan origination fees and direct costs as well as premiums and discounts are amortized as level yield adjustments over the respective loan terms. Unamortized net fees or costs are recognized upon early repayment of the loans or charge-off. Loan commitment fees are generally deferred and amortized on a straight-line basis over the commitment period. As required by ASC 310, "Receivables", FHN segregates the loan portfolio into segments and then further disaggregates the portfolio into classes for certain disclosures. Commercial loan portfolio segments include commercial, financial, and industrial (“C&I”) and commercial real estate (“CRE”). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans (“TRUPs”) (i.e., loans to bank and insurance-related businesses) portfolio and purchased credit impaired ("PCI") loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies exclusively for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. Commercial classes within commercial real estate include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other segment. Retail classes include HELOC, real estate (“R/E”) installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Nonaccrual and Past Due Loans

Nonaccrual and Past Due Loans. Generally, loans are placed on nonaccrual status if it becomes evident that full collection of principal and interest is at risk, impairment has been recognized as a partial charge-off of principal balance, or on a case-by-case basis if FHN continues to receive payments, but there are atypical loan structures or other borrower-specific issues.

• The accrual status policy for commercial troubled debt restructurings (“TDRs”) follows the same internal policies and procedures as other commercial portfolio loans.
• Residential real estate secured loans discharged in bankruptcy that have not been reaffirmed by the borrower (“discharged bankruptcies”) are placed on nonaccrual regardless of delinquency status and reported as TDRs.
• Current second lien residential real estate loans that are junior to first liens that are 90 or more days past due, are a bankruptcy, or a troubled debt restructuring are placed on nonaccrual status.
• Consumer real estate (HELOC and residential real estate installment loans), if not already on nonaccrual per above situations, are placed on nonaccrual if the loan is 30 or more days delinquent at the time of modification and is also determined to be a TDR.
• Government guaranteed/insured residential mortgage loans remain on accrual (even if the loan falls into one of the above categories) because the collection of principal and interest is reasonably assured.

For commercial and retail loans within each portfolio segment and class that have been placed on nonaccrual status, accrued but uncollected interest is reversed and charged against interest income when the loan is placed on nonaccrual status. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral is sufficient to recover the principal balance and accrued interest. Interest payments received on nonaccrual loans are normally applied to outstanding principal first. Once all principal has been received, additional interest payments are recognized on a cash basis as interest income.

Generally, commercial and retail loans within each portfolio segment and class that have been placed on nonaccrual status can be returned to accrual status if all principal and interest is current and FHN expects full repayment of the remaining contractual principal and interest, or the asset becomes well-secured and is in the process of collection.This typically requires that a borrower make payments in accordance with the contractual terms for a sustained period of time (generally for a minimum of six months) before being returned to accrual status.

Residential real estate loans discharged through Chapter 7 bankruptcy and not reaffirmed by the borrower are not returned to accrual status. For current second liens that have been placed on nonaccrual because the first lien is 90 or more days past due or is a TDR, the second lien may be returned to accrual upon pay-off or cure of the first lien.

Charge-offs

Charge-offs. For all commercial and retail loan portfolio segments, all losses of principal are charged to the allowance for loan losses ("ALLL") in the period in which the loan is deemed to be uncollectible.

For consumer loans, the timing of a full or partial charge-off generally depends on the loan type and delinquency status. Generally, for the consumer real estate and permanent mortgage portfolio segments, a loan will be either partially or fully charged-off when it becomes 180 days past due.At this time, if the collateral value does not support foreclosure, balances are fully charged-off and other avenues of recovery are pursued. If the collateral value supports foreclosure, the loan is charged-down to net realizable value of the collateral less estimated costs to sell and is placed on nonaccrual status. For residential real estate loans discharged in Chapter 7 bankruptcy and not reaffirmed by the borrower, the fair value of the collateral position is assessed at the time FHN is made aware of the discharge and the loan is charged down to the net realizable value (collateral value less estimated costs to sell). Within the credit card and other portfolio segment, credit cards are normally charged-off upon reaching 180 days past due while other non-real estate consumer loans are charged-off upon reaching 120 days past due.

Impaired Loans

Impaired Loans. Impaired loans include nonaccrual commercial loans greater than $1 million and modified consumer and commercial loans that have been classified as a TDR and are individually measured for impairment under the guidance of ASC 310. See Note 4 – Loans for a discussion of methodologies utilized by FHN to measure impairment.

Purchase Credit Impaired Loans

Purchased Credit Impaired Loans.ASC 310-30 “Accounting for Certain Loans or Debt Securities Acquired in a Transfer”, provides guidance for acquired loans that have experienced deterioration of credit quality between origination and the time of acquisition and for which the timely collection of the interest and principal is no longer reasonably assured (“PCI loans”). PCI loans are initially recorded at fair value which is estimated by discounting expected cash flows at acquisition date. The expected cash flows include all contractually expected amounts (including interest) and incorporate an estimate for future expected credit losses, pre-payment assumptions, and yield requirement for a market participant, among other things. To the extent possible, certain PCI loans were aggregated into pools with composite interest rate and cash flows expected to be collected for the pool. Aggregation into loan pools is based upon common risk characteristics that include similar credit risk or risk ratings, and one or more predominant risk characteristics. Each PCI pool is accounted for as a single unit.

Accretable yield is initially established at acquisition and is the excess of cash flows expected at acquisition over the initial investment in the loan and is recognized in interest income over the remaining life of the loan, or pool of loans. Nonaccretable difference is initially established at acquisition and is the difference between the contractually required payments at acquisition and the cash flows expected to be collected at acquisition. FHN estimates expected cash flows for PCI loans on a quarterly basis. Increases in expected cash flows from the last measurement result in reversal of any nonaccretable difference (or allowance for loan losses to the extent any has previously been recorded) with a prospective positive impact on interest income. Decreases to the expected cash flows result in an increase in the allowance for loan losses through provision expense.

FHN does not report PCI loans as nonperforming loans due to the accretion of interest income. Additionally, PCI loans that have been pooled and subsequently modified will not be reported as troubled debt restructurings since the pool is the unit of measurement.

Allowance for Loan Losses

Allowance for Loan Losses. The ALLL is maintained at a level that management determines is sufficient to absorb estimated probable incurred losses in the loan portfolio. The ALLL is increased by the provision for loan losses and loan recoveries and is decreased by charged-off loans. The ALLL is determined in accordance with ASC 450-20-50 "Contingencies - Accruals for Loss Contingencies" and is composed of reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail and commercial loans. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics. Additionally, the ALLL includes specific reserves established in accordance with ASC 310-10-35 for loans determined by management to be individually impaired as well as reserves associated with PCI loans. Management uses analytical models based on loss experience subject to qualitative adjustment to reflect current events, trends, and conditions (including economic considerations and trends) to assess the adequacy of the ALLL as of the end of each reporting period. The nature of the process by which FHN determines the appropriate ALLL requires the exercise of considerable judgment. See Note 5 – Allowance for Loan Losses for a discussion of FHN’s ALLL methodology and a description of the models utilized in the estimation process for the commercial and consumer loan portfolios.

Key components of the estimation process are as follows: (1) commercial loans determined by management to be individually impaired loans are evaluated individually and specific reserves are determined based on the difference between the outstanding loan amount and the estimated net realizable value of the collateral (if collateral dependent), the present value of expected future cash flows or by observable market prices; (2) individual commercial loans not considered to be individually impaired are segmented based on similar credit risk characteristics and evaluated on a pool basis; (3) reserve rates for the commercial segment are calculated based on historical net charge-offs and are subject to adjustment by management to reflect current events, trends, and conditions (including economic considerations and trends); (4) management’s estimate of probable incurred losses reflects the reserve rate applied against the balance of loans in the commercial segment of the loan portfolio; (5) retail loans are generally segmented based on loan type; (6) reserve amounts for each retail portfolio segment are calculated using analytical models based on delinquency trends and net loss experience and are subject to adjustment by management to reflect current events, trends, and conditions (including economic considerations and trends); and (7) the reserve amount for each retail portfolio segment reflects management’s estimate of probable incurred losses in the retail segment of the loan portfolio.

Impairment related to individually impaired loans is measured in accordance with ASC 310-10. For all commercial portfolio segments, commercial TDRs and other individually impaired commercial loans are measured based on the present value of expected future payments discounted at the loan’s effective interest rate (“the DCF method”), observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell (net realizable value). Impaired loans also include consumer TDRs. With the exception of discharged bankruptcies which are collateral dependent and charged down to net realizable value, impairment of consumer TDRs is measured using a DCF model. For loans measured using the DCF method or by observable market prices, if the recorded investment in the impaired loan exceeds this amount, a specific allowance is established as a component of the ALLL; however, for impaired collateral-dependent loans FHN generally charges off the full difference between the book value and the estimated net realizable value.

Future adjustments to the ALLL and methodology may be necessary if economic or other conditions differ substantially from the assumptions used in making the estimates or, if required by regulators, based upon information at the time of their examinations or upon future regulatory guidance. Such adjustments to original estimates, as necessary, are made in the period in which these factors and other relevant considerations indicate that loss levels vary from previous estimates.

Premises And Equipment

Premises and Equipment. Premises and equipment are carried at cost less accumulated depreciation and amortization and include additions that materially extend the useful lives of existing premises and equipment. All other maintenance and repair expenditures are expensed as incurred. Gains and losses on dispositions are reflected in noninterest income and expense, respectively.

Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets and are recorded as noninterest expense. Leasehold improvements are amortized over the lesser of the lease periods or the estimated useful lives using the straight-line method. Useful lives utilized in determining depreciation for furniture, fixtures and equipment and buildings are three to fifteen and seven to forty-five years, respectively.

Real Estate Acquired By Foreclosure

Real Estate Acquired by Foreclosure. Real estate acquired by foreclosure consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Losses arising at foreclosure are charged to the appropriate valuation allowance.Properties acquired by foreclosure in compliance with HUD servicing guidelines are included in “Real estate acquired by foreclosure” and are carried at the estimated amount of the underlying government insurance or guarantee. On December 31, 2014, FHN had $9.5million of these foreclosed properties.

Required developmental costs associated with foreclosed property under construction are capitalized and included in determining the estimated net realizable value of the property, which is reviewed periodically, and any write-downs are charged against current earnings.

Intangible Assets

Intangible Assets. Intangible assets consist of “Other intangible assets” and “Goodwill.” Other intangible assets represents intangible assets, including customer lists, acquired contracts, covenants not to compete and premium on purchased deposits, which are amortized over their estimated useful lives, except for those assets related to deposit bases that are primarily amortized over 10 years. Management evaluates whether events or circumstances have occurred that indicate the remaining useful life or carrying value of amortizing intangibles should be revised. Goodwill represents the excess of cost over net assets of acquired subsidiaries less identifiable intangible assets. On an annual basis, FHN assesses goodwill for impairment.

Derivative Financial Instruments

Derivative Financial Instruments. FHN accounts for derivative financial instruments in accordance with ASC 815 which requires recognition of all derivative instruments on the balance sheet as either an asset or liability measured at fair value through adjustments to either accumulated other comprehensive income within shareholders’ equity or current earnings. Fair value is defined as the price that would be received to sell a derivative asset or paid to transfer a derivative liability in an orderly transaction between market participants on the transaction date. Fair value is determined using available market information and appropriate valuation methodologies. FHN has elected to present its derivative assets and liabilities gross on the Consolidated Statements of Condition. Amounts of collateral posted or received have not been netted with the related derivatives. See Note 23 – Derivatives for discussion on netting of derivatives.

FHN prepares written hedge documentation, identifying the risk management objective and designating the derivative instrument as a fair value hedge or cash flow hedge as applicable, or as a free-standing derivative instrument entered into as an economic hedge or to meet customers’ needs. All transactions designated as ASC 815 hedges must be assessed at inception and on an ongoing basis as to the effectiveness of the derivative instrument in offsetting changes in fair value or cash flows of the hedged item. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recognized currently in earnings. For a cash flow hedge, changes in the fair value of the derivative instrument, to the extent that it is effective, are recorded in accumulated other comprehensive income and subsequently reclassified to earnings as the hedged transaction impacts net income. Any ineffective portion of a cash flow hedge is recognized currently in earnings. For free-standing derivative instruments, changes in fair values are recognized currently in earnings. See Note 23 – Derivatives for additional information.

Cash flows from derivative contracts are reported as operating activities on the Consolidated Statements of Cash Flows.

Advertising and Public Relations

Advertising and Public Relations. Advertising and public relations costs are generally expensed as incurred.

Income Taxes

Income Taxes. FHN accounts for income taxes using the asset and liability method pursuant to ASC 740, “Income Taxes,” which requires the recognition of deferred tax assets ("DTAs") and liabilities ("DTLs") for the expected future tax consequences of events that have been included in the financial statements. Under this method, FHN’s deferred tax assets and liabilities are determined based on differences between financial statement carrying amounts and the corresponding tax basis of certain assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on DTAs and DTLs is recognized in income in the period that includes the enactment date.

Additionally, DTAs are subject to a “more likely than not” test to determine whether the full amount of the DTAs should be realized in the financial statements. FHN evaluates the likelihood of realization of the DTA based on both positive and negative evidence available at the time, including (as appropriate) scheduled reversals of DTLs, projected future taxable income, tax planning strategies, and recent financial performance. If the “more likely than not” test is not met, a valuation allowance must be established against the DTA. In the event FHN determines that DTAs are realizable in the future in excess of their net recorded amount, FHN would make an adjustment to the valuation allowance, which would reduce the provision for income taxes.

FHN's ASC 740 policy is to recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense. Accrued interest and penalties are included within the related tax asset/liability line in the consolidated balance sheet.

FHN and its eligible subsidiaries are included in a consolidated federal income tax return. FHN files separate returns for subsidiaries that are not eligible to be included in a consolidated federal income tax return. Based on the laws of the applicable state where it conducts business operations, FHN either files consolidated, combined, or separate returns. With few exceptions, FHN is no longer subject to U.S. federal or state and local tax examinations by tax authorities for years before 2009. The Internal Revenue Service (“IRS”) recently completed a limited issue focused examination ("LIFE") for the years ending December 31, 2011 and 2010. All proposed adjustments with respect to examinations of federal returns filed for 2011 and prior years have been settled. FHN is currently under audit in several states.

Earnings per Share

Earnings per Share. Earnings per share is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share in net income periods is computed by dividing net income available to common shareholders by the weighted average number of common shares adjusted to include the number of additional common shares that would have been outstanding if the potential dilutive common shares resulting from restricted shares or units and options granted under FHN’s equity compensation plans and deferred compensation arrangements had been issued. FHN utilizes the treasury stock method in this calculation. Diluted earnings per share does not reflect an adjustment for potentially dilutive shares in periods in which a net loss available to common shareholders exists.

Equity Compensation

Equity Compensation. FHN accounts for its employee stock-based compensation plans using the grant date fair value of an award to determine the expense to be recognized over the life of the award. For awards with service vesting criteria, expense is recognized using the straight-line method over the requisite service period (generally the vesting period) and is adjusted for anticipated forfeitures. For awards vesting based on a performance measure, anticipated performance is projected to determine the number of awards expected to vest, and the corresponding aggregate expense is adjusted to reflect the elapsed portion of the performance period. The fair value of equity awards with cash payout requirements, as well as awards for which fair value cannot be estimated at grant date, is remeasured each reporting period through vesting date. Performance awards with pre-grant date achievement criteria are expensed over the period from the start of the performance period through the end of the service vesting term. Awards are amortized using the nonsubstantive vesting methodology which requires that expense associated with awards having only service vesting criteria that continue vesting after retirement be recognized over a period ending no later than an employee’s retirement eligibility date.

Repurchase and Foreclosure Provision

Repurchase and Foreclosure Provision. The repurchase and foreclosure provision is the charge to earnings necessary to maintain the liability at a level that reflects management’s best estimate of losses associated with the repurchase of loans previously transferred in whole loans sales or securitizations, or make whole requests as of the balance sheet date. See Note 18 – Contingencies and Other Disclosures for discussion related to FHN’s obligations to repurchase such loans.

Legal Costs

Legal Costs. Generally, legal costs are expensed as incurred.

Contingency Accruals

Contingency Accruals. Contingent liabilities arise in the ordinary course of business, including those related to lawsuits, arbitration, mediation, and other forms of litigation. FHN establishes loss contingency liabilities for matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. A liability generally is not established when a loss contingency either is not probable or its amount is not reasonably estimable. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance generally requires a liability to be established at the low end of the range. Expected recoveries from insurance and indemnification arrangements are recognized if they are considered equally as probable and reasonably estimable as the related loss contingency up to the recognized amount of the estimated loss. Gain contingencies and expected recoveries from insurance and indemnification arrangements in excess of the associated recorded estimated losses are recognized when received. Recognized recoveries are recorded as offsets to the related expense in the Consolidated Statements of Income. The favorable resolution of a gain contingency generally results in the recognition of other income in the Consolidated Statements of Income.

Summary of Accounting Changes

Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense/(benefit). A reporting entity should evaluate whether the conditions have been met to apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014.

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.
					As of December 31,
(Dollars in thousands, except per share amounts)					2014		2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
	Other assets			$	(4,700)	$	(5,340)
	Other liabilities				4,678		7,034
	Undivided profits				(9,378)		(12,374)
			For the Year Ended December 31,
			2014		2013		2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
	Other expense	$	(8,680)	$	(10,082)	$	(14,177)
	Provision/(benefit) for income taxes		5,684		12,780		13,234
	Income/(loss) available to common shareholders		2,996		(2,698)		943
	Diluted earnings/(loss) per share		0.01		(0.01)		-

Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provision/(benefit) for income taxes on the Consolidated Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable.

Effective January 2014, FHN adopted provisions of FASB ASU 2013-11“Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Generally, ASU 2013-11 requires that an unrecognized tax benefit should reduce a deferred tax asset (“DTA”) that has been established for a net operating loss (“NOL”), a tax credit carryforward, or other similar tax losses. However, if a filer does not have such carryforwards or similar tax losses at the reporting date, the uncertain tax position should be recorded as a liability. If a filer does have a DTA, but is not required by tax law of the applicable jurisdiction to use the DTA to settle additional taxes from the disallowance of a tax position and that is the filer's intent, the uncertain tax position should be recognized as a liability in that situation as well and not netted with the DTA. The assessment of whether a DTA is available is based on the unrecognized tax benefit and DTA that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The adoption of provisions of ASU 2013-11, did not have a material effect on FHN’s statement of condition, results of operations, or cash flows.

Effective January 1, 2013, FHN adopted the provisions of FASB Accounting Standards Update ("ASU") 2011-11, “Balance Sheet: Disclosures about Offsetting Assets and Liabilities.” ASU 2011-11 creates new disclosure requirements about the nature of an entity’s rights of setoff and related arrangements associated with its financial instruments and derivative instruments. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the balance sheet as well as instruments and transactions subject to an agreement similar to a master netting arrangement. The scope of ASU 2011-11 includes derivatives, sale and repurchase agreements/reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The provisions of ASU 2011-11 are effective for periods beginning on or after January 1, 2013, with retrospective application to all periods presented in the financial statements required. Additionally in January 2013, FASB issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", that narrowed the scope of ASU 2011-11. Based on this amendment, ASU 2011-11 applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Upon adoption of ASU 2011-11, FHN revised its disclosures accordingly. The adoption of the provisions of ASU 2011-11 had no effect on FHN's statement of condition, results of operations, or cash flows.

Effective January 1, 2013, FHN adopted the provisions of FASB ASU 2013-02, "Comprehensive Income: Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income." ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements but modifies interim disclosure requirements such that changes in accumulated other comprehensive income must be disclosed in interim filings. The provisions of ASU 2013-02 are effective for periods beginning after December 15, 2012, with prospective application to transactions or modifications of existing transactions that occur on or after the effective date. Upon adoption of the provisions of ASU 2013-02 on January 1, 2013, FHN revised its financial statements and disclosures accordingly.

In July 2013, the FASB issuedASU 2013-10, "Derivatives and Hedging: Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes." ASU 2013-10 provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The provisions of ASU 2013-10 permit the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, in addition to U.S. Treasury rates and the London Interbank Offered Rate ("LIBOR"). The amendments also remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013. FHN may apply the provisions of ASU 2013-10 to future hedging relationships.

Effective January 1, 2012, FHN adopted the provisions of FASB ASU 2011-05, “Presentation of Comprehensive Income”. ASU 2011-05 requires that net income and other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 also provides that regardless of the method used to present comprehensive income, presentation is required on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income. ASU 2011-05 does not change the current option for entities to present components of other comprehensive income gross or net of the effect of income taxes, provided that such tax effects are presented in the statement in which other comprehensive income is presented or disclosed in the notes to the financial statements. The provisions of ASU 2011-05 are effective for periods beginning after December 15, 2011, with retrospective application to all periods presented in the financial statements required. No transition disclosures are required upon adoption. For interim reporting periods, filers are only required to present total comprehensive income in a single continuous statement or in two consecutive statements. On December 23, 2011, the FASB issued ASU 2011-12, which indefinitely deferred the provisions of ASU 2011-05 that require entities to present reclassification adjustments out of accumulated other comprehensive income by component in both the statement in which net income is presented and the statement in which other comprehensive income is presented (for both interim and annual financial statements). This deferral was superseded by ASU 2013-12. Upon adoption of the provisions of ASU 2011-05 and ASU 2011-12 on January 1, 2012, FHN revised its financial statements and disclosures accordingly.

Accounting Changes Issued but Not Currently Effective

Accounting Changes Issued but Not Currently Effective. In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN will adopt the requirements of ASU 2014-04 prospectively and does not expect it to have a material effect on FHN’s statements of condition, results of operation or cash flows.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not engage in repurchase-to- maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that it not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual and interim periods beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN currently classifies foreclosed properties with government guarantees within other real estate owned and plans to adopt ASU 2014-14 prospectively.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2015 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

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Derivatives (Derivatives Associated with Capital Markets Trading Activities) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Customer Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	$ 1,754,939,000	$ 1,786,532,000
Assets	76,614,000	76,980,000
Liabilities	3,681,000	11,214,000
Offsetting Upstream Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	1,754,939,000	1,786,532,000
Assets	3,681,000	11,214,000
Liabilities	76,614,000	76,980,000
Put Option [Member] | LongMember
Derivative Instruments, Gain (Loss) [Line Items]
Notional	15,000,000	5,000,000
Assets	12,000	9,000
Liabilities	0	0
Forwards And Futures Purchased [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	884,439,000	1,278,331,000
Assets	1,383,000	2,489,000
Liabilities	459,000	824,000
Forwards And Futures Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	1,175,667,000	1,445,656,000
Assets	962,000	531,000
Liabilities	$ 1,576,000	$ 3,519,000

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Income Taxes (Schedule of Deferred Tax Assets And Deferred Tax Liabilities Due To Temporary Differences)(Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Loss reserves	$ 100,569,000	$ 94,170,000
Employee benefits	136,007,000	97,246,000
Investment in partnerships	2,075,000	2,032,000
Foreclosed property	1,205,000	901,000
Accrued expenses	31,613,000	25,158,000
Investment in AFS securities	0	6,874,000
Capital loss carryforwards	44,445,000	51,876,000
Credit carryforwards	39,196,000	98,919,000
Federal NOL carryforwards	0	4,184,000
State NOL carryforwards	15,279,000	29,422,000
Unrecognized tax benefits	1,915,000	3,103,000
Other	18,902,000	21,760,000
Gross deferred tax assets	391,206,000	435,645,000
Valuation allowance	(44,584,000)	(57,752,000)
Deferred tax assets after valuation allowance	346,622,000	377,893,000
Deferred tax liabilities:
Capitalized mortgage servicing rights	337,000	25,245,000
Depreciation and amortization	22,353,000	46,209,000
Federal Home Loan Bank stock	9,383,000	17,426,000
Investment in AFS securities	11,639,000	0
Other intangible assets	30,888,000	28,417,000
Prepaid expenses	9,874,000	9,752,000
Other	1,570,000	2,958,000
Gross deferred tax liabilities	86,044,000	130,007,000
Net deferred tax assets	$ 260,578,000	$ 247,886,000

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule Of Components Of Consolidated Statements Of Income And Equity

The aggregate amount of income taxes included in the Consolidated Statements of Income and the Consolidated Statements of Equity for the years ended December 31, were as follows:
(Dollars in thousands)			2014		2013		2012
Consolidated Statements of Income:
Income tax expense/(benefit) related to continuing operations		$	84,185	$	(19,389)	$	(72,028)
Income tax expense/(benefit) related to discontinued operations			-		343		93
Consolidated Statements of Equity:
Income tax expense/(benefit) related to:
	Pension and postretirement plans		(42,842)		39,394		(2,875)
	Unrealized gains/(losses) on investment securities available-for-sale		18,135		(41,761)		(7,525)
	Share-based compensation		7,220		1,569		4,140
Total		$	66,698	$	(19,844)	$	(78,195)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Components Of Income Tax Expense/(Benefit)

The components of income tax expense/(benefit) related to continuing operations for the years ended December 31, were as follows:
(Dollars in thousands)			2014		2013		2012
Current:
	Federal	$	83,916	$	2,971	$	6,895
	State		(3,461)		(13,792)		(9,725)
	Foreign		1		10		33
Deferred:
	Federal		(157)		4,771		(58,742)
	State		3,872		(13,312)		(10,488)
	Foreign		14		(37)		(1)
Total		$	84,185	$	(19,389)	$	(72,028)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Computation Of Income Tax Expense Differed From The Amounts Computed By Applying Statutory Federal Income Tax Rate To Income/(Loss) From Continuing Operations Before Income Taxes

A reconciliation of expected income tax expense/(benefit) at the federal statutory rate of 35 percent to the total income tax expense from continuing operations follows:
(Dollars in thousands)			2014			2013			2012
Federal income tax rate			35	%		35	%		35	%
Tax computed at statutory rate		$	111,381		$	6,451		$	(30,635)
Increase/(decrease) resulting from:
	State income taxes		8,786			(2,138)			(3,587)
	Bank owned life insurance ("BOLI")		(6,671)			(6,646)			(7,428)
	401(k) - employee stock ownership plan ("ESOP")		(659)			(568)			(155)
	Tax-exempt interest		(5,798)			(5,094)			(4,469)
	Non-deductible expenses		829			963			1,175
	LIHTC qualifying investments		2,284			8,834			7,625
	Tax credits		(11,392)			(13,340)			(18,125)
	Subsidiary liquidation		-			-			(6,733)
	Change in valuation allowance - DTA		(13,168)			(4,427)			-
	Other changes in unrecognized tax benefits		(1,570)			(5,106)			(8,981)
	Other		163			1,682			(715)
	Total	$	84,185		$	(19,389)		$	(72,028)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Deferred Tax Assets And Deferred Tax Liabilities Due To Temporary Differences

Temporary differences which gave rise to deferred tax assets and deferred tax liabilities on December 31, 2014 and 2013 were as follows:
(Dollars in thousands)	2014		2013
Deferred tax assets:
Loss reserves	$	100,569	$	94,170
Employee benefits		136,007		97,246
Investment in partnerships		2,075		2,032
Foreclosed property		1,205		901
Accrued expenses		31,613		25,158
Investment in AFS securities		-		6,874
Capital loss carryforwards		44,445		51,876
Credit carryforwards		39,196		98,919
Federal NOL carryforwards		-		4,184
State NOL carryforwards		15,279		29,422
Unrecognized tax benefits		1,915		3,103
Other		18,902		21,760
Gross deferred tax assets		391,206		435,645
Valuation allowance		(44,584)		(57,752)
Deferred tax assets after valuation allowance	$	346,622	$	377,893
Deferred tax liabilities:
Capitalized mortgage servicing rights	$	337	$	25,245
Depreciation and amortization		22,353		46,209
Federal Home Loan Bank stock		9,383		17,426
Investment in AFS securities		11,639		-
Other intangible assets		30,888		28,417
Prepaid expenses		9,874		9,752
Other		1,570		2,958
Gross deferred tax liabilities		86,044		130,007
Net deferred tax assets	$	260,578	$	247,886
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Rollforward Of Unrecognized Tax Benefits

The rollforward of unrecognized tax benefits is shown below:
(Dollars in thousands)
Balance at December 31, 2012	$	17,638
Increases related to prior year tax positions		-
Decreases related to prior year tax positions		(1,688)
Settlements		(7,386)
Lapse of statutes		(1,943)
Balance at December 31, 2013	$	6,621
Increases related to prior year tax positions		960
Increases related to current year tax positions		868
Lapse of statutes		(3,242)
Balance at December 31, 2014	$	5,207

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Fair Value Of Assets And Liabilities (Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Trading Account Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		$ 7,200,000	$ 17,992,000	$ 18,059,000
Net income		149,000	5,028,000	3,678,000
Other comprehensive income		0	0	0
Purchases, assets		1,559,000	0	0
Issuances, assets		0	0
Sales, assets		(1,715,000)	(7,784,000)	0
Settlements, assets		(1,550,000)	(8,036,000)	(9,225,000)
Net transfers into/(out of) Level 3, assets		0	0	5,480,000
Ending Balance		5,643,000	7,200,000	17,992,000
Net unrealized gains/(losses) included in net income	[1]	225,000	1,237,000	2,084,000
Loans Held For Sale [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		230,456,000	221,094,000	210,487,000
Net income		52,494,000	(4,387,000)	(2,618,000)
Other comprehensive income		0	0	0
Purchases, assets		5,654,000	69,929,000	60,111,000
Issuances, assets		0	0
Sales, assets		(236,975,000)	0	0
Settlements, assets		(19,806,000)	(40,369,000)	(27,032,000)
Net transfers into/(out of) Level 3, assets	[2]	(3,913,000)	(15,811,000)	(19,854,000)
Ending Balance		27,910,000	230,456,000	221,094,000
Net unrealized gains/(losses) included in net income	[1]	1,991,000	(4,387,000)	(2,618,000)
Investment Portfolio [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		3,826,000	5,253,000	7,262,000
Net income		0	0	0
Other comprehensive income		(64,000)	(114,000)	(234,000)
Purchases, assets		0	0	0
Issuances, assets		0	0
Sales, assets		0	0	0
Settlements, assets		(455,000)	(1,313,000)	(1,775,000)
Net transfers into/(out of) Level 3, assets		0	0	0
Ending Balance		3,307,000	3,826,000	5,253,000
Net unrealized gains/(losses) included in net income		0	0	0
Venture Capital Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		4,300,000	4,300,000	12,179,000
Net income		(2,995,000)	0	371,000
Other comprehensive income		0	0	0
Purchases, assets		0	0	0
Issuances, assets		0	0
Sales, assets		(5,000)	0	(8,250,000)
Settlements, assets		(1,300,000)	0	0
Net transfers into/(out of) Level 3, assets		0	0	0
Ending Balance		0	4,300,000	4,300,000
Net unrealized gains/(losses) included in net income		0	0	(4,700,000)	[3]
Mortgage Servicing Rights Net [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		72,793,000	114,311,000	144,069,000
Net income		1,248,000	20,182,000	(5,075,000)
Other comprehensive income		0	0	0
Purchases, assets		0	0	0
Issuances, assets		0	0
Sales, assets		(70,204,000)	(39,633,000)	0
Settlements, assets		(1,320,000)	(22,067,000)	(24,683,000)
Net transfers into/(out of) Level 3, assets		0	0	0
Ending Balance		2,517,000	72,793,000	114,311,000
Net unrealized gains/(losses) included in net income	[1]	43,000	17,394,000	(3,957,000)
Net Derivative Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		(2,915,000)	(2,175,000)	(11,820,000)
Net income		(5,981,000)	(2,013,000)	(1,757,000)
Other comprehensive income		0	0	0
Purchases, liabilities		0	0	0
Issuances, liabilities		0	0
Sales, liabilities		0	0	0
Settlements, liabilities		3,656,000	1,273,000	11,402,000
Net transfers in/(out) level 3, liabilities		0	0	0
Ending Balance		(5,240,000)	(2,915,000)	(2,175,000)
Net unrealized gains/(losses) included in other expense	[4]	(5,981,000)	2,013,000	(1,757,000)
Other Short Term Borrowings [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		$ 0	(11,156,000)	(14,833,000)
Net income			(3,000)	3,677,000
Other comprehensive income			0	0
Purchases, liabilities			0	0
Issuances, liabilities			0
Sales, liabilities			11,159,000	0
Settlements, liabilities			0	0
Net transfers in/(out) level 3, liabilities			0	0
Ending Balance			0	(11,156,000)
Net unrealized gains/(losses) included in net income	[1]		$ 0	$ 3,677,000

[1] Primarily included in mortgage banking income on the Consolidated Statements of Income.

[2] Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).

[3] Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.

[4] Included in Other expens e .

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Time Deposit Maturities (Tables)

12 Months Ended

Dec. 31, 2014

Maturities Of Time Deposits [Abstract]

Schedule Of Time Deposits Included In Interest-Bearing Deposits

Following is a table of maturities for time deposits outstanding on December 31, 2014, which include Certificates of deposit under $100,000, Other time, and Certificates of deposit $100,000 and more. Certificates of deposit $100,000 and more totaled $.4 billion on December 31, 2014. Time deposits are included in Interest-bearing deposits on the Consolidated Statements of Condition.
(Dollars in thousands)
2015	$	860,822
2016		137,356
2017		98,508
2018		82,457
2019		52,733
2020 and after		45,062
Total	$	1,276,938

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Pension, Savings, And Other Employee Benefits (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Estimated social security benefits age	65 years
Minimum required outstanding par value to each issue of bonds	$ 250,000,000
Threshold amortization, percentage of projected benefit obligation	10.00%
Threshold amortization, percentage of market-related value of plan assets	10.00%
Common stock held by the plan	234,220,000	236,370,000	243,598,000	257,468,000
Time period assumption for expected return of pension plan assets	30 years
Standard deivation from average yield	2
Increase in projected benefit obligations	8.00%
Qualified Pension Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	5.85%	6.60%	6.05%
Postretirement Benefit Post 1/1/1993 [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	6.35%	6.95%	6.05%
Postretirement Benefit Prior To 1/1/1993 [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	2.30%	2.85%	3.93%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Time period used to determine discount rate for defined benefit plan	30 years
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Time period used to determine discount rate for defined benefit plan	6 months
Plan Assumptions Two Thousand Fifteen [Member] | Qualified Pension Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	5.85%
Plan Assumptions Two Thousand Fifteen [Member] | Postretirement Benefit Post 1/1/1993 [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	6.35%
Plan Assumptions Two Thousand Fifteen [Member] | Postretirement Benefit Prior To 1/1/1993 [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	2.30%
Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension assets, target allocation	32.50%	32.50%
Fixed Income And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension assets, target allocation	67.50%	67.50%
Non Qualified Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions to non-qualified plans	$ 5,000,000
Expected pension contribution	5,000,000
Funded status of the plans - underfunded	$ (50,000,000)	$ (46,900,000)
Non Qualified Plans [Member] | First Horizon National Corporation
Defined Benefit Plan Disclosure [Line Items]
Common stock held by the plan	792,607	792,607
Savings Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer investment in qualified defined contribution plan	100.00%	100.00%	50.00%
Maximum percent of employee pre-tax contributions that may be matched by the Company	6.00%	6.00%	6.00%
Total number of allocated shares held by the ESOP	9,160,613
Qualified Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Funded status of the plans - underfunded	$ (114,300,000)	$ (6,300,000)
Flexible Benefits Contribution [Member]
Defined Benefit Plan Disclosure [Line Items]
Employee investment in qualified defined contribution plan	$ 20,400,000	$ 20,400,000	$ 16,800,000

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Pension, Savings, And Other Employee Benefits (Schedule of Plans' Benefit Obligations And Plan Assets)(Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Other assets		$ 1,383,055,000	$ 1,680,044,000
Other liabilities		(649,359,000)	(610,932,000)
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of year		693,716,000	766,947,000
Service cost	[1]	56,000	63,000	$ 14,800,000
Interest cost		34,915,000	32,361,000	33,040,000
Plan amendments		0	0
Actuarial (gain)/loss	[2],[3]	157,619,000	(78,617,000)
Actual benefits paid		(27,462,000)	(27,038,000)
Expected Medicare Part D reimbursement		0	0
Special termination benefits		1,009,000	0
Benefit obligation, end of year		859,853,000	693,716,000	766,947,000
Fair value of plan assets, beginning of year		640,605,000	633,972,000
Actual return on plan assets		78,491,000	28,699,000
Employer contributions		3,915,000	4,972,000
Actual benefits paid - settlement payments		0	(1,160,000)
Actual benefits paid - other payments		(27,462,000)	(25,878,000)
Fair value of plan assets, end of year		695,549,000	640,605,000	633,972,000
Funded status of the plans - underfunded		(164,304,000)	(53,111,000)
Other assets		0	0
Other liabilities		(164,304,000)	(53,111,000)
Net asset/(liability) at end of year		(164,304,000)	(53,111,000)
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, beginning of year		38,464,000	54,716,000
Service cost	[1]	207,000	460,000	467,000
Interest cost		1,754,000	2,033,000	2,298,000
Plan amendments		0	(10,678,000)
Actuarial (gain)/loss	[2],[3]	(3,293,000)	(7,237,000)
Actual benefits paid		(1,804,000)	(1,030,000)
Expected Medicare Part D reimbursement		0	200,000
Special termination benefits		0	0
Benefit obligation, end of year		35,328,000	38,464,000	54,716,000
Fair value of plan assets, beginning of year		16,360,000	14,288,000
Actual return on plan assets		973,000	2,659,000
Employer contributions		1,110,000	443,000
Actual benefits paid - settlement payments		(1,804,000)	(1,030,000)
Actual benefits paid - other payments		0	0
Fair value of plan assets, end of year		16,639,000	16,360,000	$ 14,288,000
Funded status of the plans - underfunded		(18,689,000)	(22,104,000)
Other assets		11,882,000	9,158,000
Other liabilities		(30,571,000)	(31,262,000)
Net asset/(liability) at end of year		$ (18,689,000)	$ (22,104,000)

[1] 2014 and 2013 decline in total pension benefits service cost reflects the freeze of the pension plans effective December 31, 2012.

[2] 2013 change in other benefits actuarial (gain)/loss driven by a change in the retiree medical plan.

[3] 2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule Of Reconciliation Of The Numerators Used In Calculating Earnings/(Loss) Per Share

The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders:
(Dollars in thousands)	2014		2013		2012
Income/(loss) from continuing operations	$	234,046	$	37,821	$	(15,500)
Income/(loss) from discontinued operations, net of tax		-		548		148
Net income/(loss)		234,046		38,369		(15,352)
Net income attributable to noncontrolling interest		11,527		11,465		11,464
Net income/(loss) attributable to controlling interest		222,519		26,904		(26,816)
Preferred stock dividends		6,200		5,838		-
Net income/(loss) available to common shareholders	$	216,319	$	21,066	$	(26,816)
Income/(loss) from continuing operations	$	234,046	$	37,821	$	(15,500)
Net income attributable to noncontrolling interest		11,527		11,465		11,464
Preferred stock dividends		6,200		5,838		-
Net income/(loss) from continuing operations available to common shareholders	$	216,319	$	20,518	$	(26,964)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Reconciliation Of Weighted Average Common Shares To Diluted Average Common Shares

The following table provides a reconciliation of weighted average common shares to diluted average common shares:
(Shares in thousands)	2014		2013		2012
Weighted average common shares outstanding - basic	234,997			237,972	248,349
Effect of dilutive securities		1,738		1,822	-
Weighted average common shares outstanding - diluted	236,735			239,794	248,349

Schedule Of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share

The following tables show earnings/(loss) per common and diluted share:
Earnings/(loss) per common share:	2014		2013		2012
Income/(loss) per share from continuing operations available to common shareholders	$	0.92	$	0.09	$	(0.11)
Income/(loss) per share available to common shareholders	$	0.92	$	0.09	$	(0.11)
Diluted earnings/(loss) per common share:
Diluted income/(loss) per share from continuing operations available to common shareholders	$	0.91	$	0.09	$	(0.11)
Diluted income/(loss) per share available to common shareholders	$	0.91	$	0.09	$	(0.11)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

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Loans (Information By Class Related To Individually Impaired Loans) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		$ 342,960,000	$ 403,714,000
Unpaid Principal Balance		401,743,000	469,872,000
Related Allowance		63,628,000	77,334,000
Average Recorded Investment		371,558,000	442,277,000
Interest Income Recognized		6,632,000	7,117,000
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		55,743,000	111,289,000
Unpaid Principal Balance		75,351,000	134,110,000
Related Allowance		5,969,000	15,895,000
Average Recorded Investment		77,431,000	150,453,000
Interest Income Recognized		786,000	937,000
Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		287,217,000	292,425,000
Unpaid Principal Balance		326,392,000	335,762,000
Related Allowance		57,659,000	61,439,000
Average Recorded Investment		294,127,000	291,824,000
Interest Income Recognized		5,846,000	6,180,000
Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		19,234,000	41,650,000
Unpaid Principal Balance		28,920,000	51,141,000
Related Allowance		0	0
Average Recorded Investment		25,028,000	85,498,000
Interest Income Recognized		0	398,000
Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		25,456,000	36,294,000
Unpaid Principal Balance		48,092,000	64,629,000
Related Allowance		0	0
Average Recorded Investment		31,323,000	40,208,000
Interest Income Recognized		0	0
Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		36,509,000	69,639,000
Unpaid Principal Balance		46,431,000	82,969,000
Related Allowance		5,969,000	15,895,000
Average Recorded Investment		52,403,000	64,955,000
Interest Income Recognized		786,000	539,000
Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		261,761,000	256,131,000
Unpaid Principal Balance		278,300,000	271,133,000
Related Allowance		57,659,000	61,439,000
Average Recorded Investment		262,804,000	251,616,000
Interest Income Recognized		5,846,000	6,180,000
General C I [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		9,558,000	26,626,000
Unpaid Principal Balance		10,851,000	28,089,000
Related Allowance		0	0
Average Recorded Investment		15,826,000	46,486,000
Interest Income Recognized		0	108,000
General C I [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		13,295,000	16,741,000
Unpaid Principal Balance		17,644,000	23,016,000
Related Allowance		863,000	1,548,000
Average Recorded Investment		23,382,000	18,291,000
Interest Income Recognized		310,000	185,000
TRUPs [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		0	6,500,000
Unpaid Principal Balance		0	6,500,000
Related Allowance		0	0
Average Recorded Investment		813,000	9,563,000
Interest Income Recognized		0	0
TRUPs [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		13,460,000	33,610,000
Unpaid Principal Balance		13,700,000	33,610,000
Related Allowance		4,310,000	12,747,000
Average Recorded Investment		13,524,000	37,791,000
Interest Income Recognized		0	0
Income C R E [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		8,528,000	8,524,000
Unpaid Principal Balance		16,242,000	16,552,000
Related Allowance		0	0
Average Recorded Investment		7,671,000	21,304,000
Interest Income Recognized		0	168,000
Income C R E [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		8,384,000	12,374,000
Unpaid Principal Balance		9,756,000	14,094,000
Related Allowance		650,000	810,000
Average Recorded Investment		9,944,000	5,725,000
Interest Income Recognized		286,000	201,000
Residential C R E [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		1,148,000	0
Unpaid Principal Balance		1,827,000	0
Related Allowance		0	0
Average Recorded Investment		718,000	8,145,000
Interest Income Recognized		0	122,000
Residential C R E [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		1,370,000	6,914,000
Unpaid Principal Balance		5,331,000	12,249,000
Related Allowance		146,000	790,000
Average Recorded Investment		5,553,000	3,148,000
Interest Income Recognized		190,000	153,000
Home Equity [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	[1]	13,379,000	16,825,000
Unpaid Principal Balance		32,471,000	38,624,000
Related Allowance		0	0
Average Recorded Investment		15,670,000	19,418,000
Interest Income Recognized		0	0
Home Equity [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		84,169,000	70,297,000
Unpaid Principal Balance		86,252,000	71,692,000
Related Allowance		18,942,000	16,506,000
Average Recorded Investment		77,306,000	66,154,000
Interest Income Recognized		1,799,000	1,821,000
R E Installment Loans [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	[1]	4,819,000	11,009,000
Unpaid Principal Balance		6,247,000	14,062,000
Related Allowance		0	0
Average Recorded Investment		7,855,000	11,955,000
Interest Income Recognized		0	0
R E Installment Loans [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		70,858,000	72,291,000
Unpaid Principal Balance		72,094,000	73,230,000
Related Allowance		21,836,000	27,667,000
Average Recorded Investment		73,374,000	72,408,000
Interest Income Recognized		1,198,000	1,340,000
Permanent Mortgage Portfolio Segment [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	[1]	7,258,000	8,460,000
Unpaid Principal Balance		9,374,000	11,943,000
Related Allowance		0	0
Average Recorded Investment		7,798,000	8,835,000
Interest Income Recognized		0	0
Permanent Mortgage Portfolio Segment [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		106,201,000	112,998,000
Unpaid Principal Balance		119,421,000	125,666,000
Related Allowance		16,627,000	17,042,000
Average Recorded Investment		111,528,000	112,356,000
Interest Income Recognized		2,823,000	2,990,000
Credit Card Other [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		533,000	545,000
Unpaid Principal Balance		533,000	545,000
Related Allowance		254,000	224,000
Average Recorded Investment		596,000	698,000
Interest Income Recognized		$ 26,000	$ 29,000

[1] All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

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Fair Value Of Assets And Liabilities (Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	$ 27,910	$ 230,456
Aggregate Unpaid Principal | Loans Held-For-Sale Reported At Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	43,822	378,326
Nonaccrual loans	14,316	137,301
Loans 90 days or more past due and still accruing	4,000	15,854
Fair Value Carrying Amount Less Aggregate Unpaid Principal | Loans Held-For-Sale Reported At Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	(15,912)	(147,870)
Nonaccrual loans	(6,886)	(73,070)
Loans 90 days or more past due and still accruing	(1,413)	(8,089)
Fair Value Carrying Amount | Loans Held-For-Sale Reported At Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	27,910	230,456
Nonaccrual loans	7,430	64,231
Loans 90 days or more past due and still accruing	$ 2,587	$ 7,765

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Regulatory Capital And Restrictions (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jan. 01, 2015
Undivided profits	$ 851,585,000	$ 682,833,000
Dividend paid to parent company	$ 180,000,000	$ 180,000,000
First Tennessee Bank National Association [Member]
Total Capital, Actual Ratio	17.86%	18.36%
Tier 1 Capital, Actual Ratio	16.12%	15.99%
Leverage, Actual Ratio	12.72%	12.71%
Vault cash used to meet cash reserve requirements	$ 150,800,000	$ 137,800,000
Undivided profits	1,000,000,000
Available amount for dividend without prior regulatory approval	$ (75,700,000)		$ 15,100,000
Percent of capital stock and surplus threshold for credit extension to affiliates	20.00%
Maximum amount of credit bank may extend to all affliates	$ 688,000,000
Maximum amount of credit bank may extend to parent and certain financial subsidiaries	$ 344,000,000
Number of years most recently completed	2 years
Number of immediately preceding years	2 years
Percent of capital stock and surplus threshold for credit extension to parent and certain financial subsidiaries	10.00%
First Tennessee Bank National Association [Member] | Minimum [Member]
Cash reserve required	$ 125,900,000	$ 115,200,000
Fhn [Member]
Total Capital, Actual Ratio	16.18%	16.23%
Tier 1 Capital, Actual Ratio	14.46%	13.87%
Leverage, Actual Ratio	11.43%	11.04%
Covered Transactions	$ 900,000
FTBNA Excluding Financial Subsidiaries [Member]
Total Capital, Actual Ratio	16.59%	16.84%
Tier 1 Capital, Actual Ratio	15.77%	15.43%
Leverage, Actual Ratio	12.41%	12.33%
All Affiliates [Member]
Covered Transactions	$ 366,700,000
FTN Financial Securities Corporation [Member]
Total Equity investment from FTBNA	$ 365,800,000

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Mortgage Servicing Rights (Tables)

12 Months Ended

Dec. 31, 2014

Mortgage Servicing Rights [Abstract]

Summary Of Changes In Capitalized MSR

Following is a summary of changes in capitalized MSR as of December 31, 2013:
(Dollars in thousands)	First Liens		Second Liens		HELOC		Total
Fair value on January 1, 2013	$	111,314	$	196	$	2,801	$	114,311
Reductions due to sales of MSRs		(39,633)		-		-		(39,633)
Reductions due to loan payments		(20,938)		(80)		(554)		(21,572)
Reductions due to exercise of cleanup calls		(495)		-		-		(495)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		20,184		-		-		20,184
Other changes in fair value		(91)		45		44		(2)
Fair value on December 31, 2013	$	70,341	$	161	$	2,291	$	72,793

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Variable Interest Entities

12 Months Ended

Dec. 31, 2014

Variable Interest Entities [Abstract]

Variable Interest Entities

Note 22 – Variable Interest Entities

ASC 810 defines a VIE as an entity where the equity investors, as a group, lack either (1) the power through voting rights, or similar rights, to direct the activities of an entity that most significantly impact the entity’s economic performance, (2) the obligation to absorb the expected losses of the entity, (3) the right to receive the expected residual returns of the entity, or (4) sufficient equity at risk for the entity to finance its activities by itself. A variable interest is a contractual ownership, or other interest, that fluctuates with changes in the fair value of the VIE’s net assets exclusive of variable interests. Under ASC 810, as amended, a primary beneficiary is required to consolidate a VIE when it has a variable interest in a VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant.

Consolidated Variable Interest Entities

FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking and consumer lending operations. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts’ economic performance. In situations where the retention of MSR and other retained interests, including residual interests and subordinated bonds, results in FHN potentially absorbing losses or receiving benefits that are significant to the trusts, FHN is considered the primary beneficiary, as it is also assumed to have the power as servicer to most significantly impact the activities of such VIEs. Consolidation of the trusts results in the recognition of the trusts’ proceeds as restricted borrowings since the cash flows on the securitized loans can only be used to settle the obligations due to the holders of the trusts’ securities. In third quarter 2013, FHN agreed to sell the servicing related to one of these securitization trusts that was previously consolidated. Upon closing of this sale in January 2014, the securitization trust was de-consolidated and prospectively considered a non-consolidated VIE. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN.

The only trust included in the December 31, 2014 balance of consolidated proprietary residential mortgage securitizations is a HELOC securitization trust that has entered a rapid amortization period and for which FHN is obligated to provide subordinated funding. During this period, cash payments from borrowers are accumulated to repay outstanding debt securities while FHN continues to make advances to borrowers when they draw on their lines of credit. FHN then transfers the newly generated receivables into the securitization trust and is reimbursed only after other parties in the securitization have received all of the cash flows to which they are entitled. If loan losses requiring draws on the related monoline insurers’ policies, which protect bondholders in the securitization, exceed a certain level, FHN may not receive reimbursement for all of the funds advanced to borrowers, as the senior bondholders and the monoline insurers typicallyhave priority for repayment. This securitization trust is currently consolidated by FHN due to FHN's status as the Master Servicer for the securitization and the retention of a significant residual interest. Because the trust is consolidated, amounts funded from monoline insurance policies are considered as additional restricted term borrowings in FHN’s ConsolidatedStatements of Condition.

FHN has established certain rabbi trusts related to deferred compensation plans offered to its employees. FHN contributes employee cash compensation deferrals to the trusts and directs the underlying investments made by the trusts. The assets of these trusts are available to FHN’s creditors only in the event that FHN becomes insolvent. These trusts are considered VIEs as there is no equity at risk in the trusts since FHN provided the equity interest to its employees in exchange for services rendered. FHN is considered the primary beneficiary of the rabbi trusts as it has the power to direct the activities that most significantly impact the economic performance of the rabbi trusts through its ability to direct the underlying investments made by the trusts. Additionally, FHN could potentially receive benefits or absorb losses that are significant to the trusts due to its right to receive any asset values in excess of liability payoffs and its obligation to fund any liabilities to employees that are in excess of a rabbi trust’s assets.

The following table summarizes VIEs consolidated by FHN as of December 31, 2014 and 2013:
			December 31, 2014						December 31, 2013
			On-Balance Sheet Consumer Loan Securitizations			Rabbi Trusts Used for Deferred Compensation Plans			On-Balance Sheet Consumer Loan Securitizations			Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)			Carrying Value			Carrying Value			Carrying Value			Carrying Value
Assets:
Cash and due from banks				$	182			N/A		$	1,244			N/A
Loans, net of unearned income					76,772			N/A			100,790			N/A
	Less: Allowance for loan losses				827			N/A			4,439			N/A
		Total net loans			75,945			N/A			96,351			N/A
Other assets					436		$	67,117			1,892		$	64,505
Total assets				$	76,563		$	67,117		$	99,487		$	64,505
Liabilities:
Term borrowings				$	65,612			N/A		$	89,640			N/A
Other liabilities					4		$	50,825			18		$	49,519
Total liabilities				$	65,616		$	50,825		$	89,658		$	49,519

Nonconsolidated Variable Interest Entities

Low Income Housing Partnerships. First Tennessee Housing Corporation (“FTHC”), a wholly-owned subsidiary of FTBNA, makes equity investments as a limited partner in various partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (“LIHTC”) pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants generally within FHN’s primary geographic region. LIHTC partnerships are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the LIHTC partnerships as it has a risk of loss for its initial capital contributions and funding commitments to each partnership. The general partners are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the partnerships’ economic performance and the general partners are exposed to all losses beyond FTHC’s initial capital contributions and funding commitments.

LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not significant during 2014 or 2013 and were $3.4 million in 2012. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Statements of Income for the years ended December 31, 2014, 2013 and 2012, for LIHTC investments accounted for under the proportional amortization method.
(Dollars in thousands)	2014		2013		2012
Provision/(benefit) for income taxes
Amortization of qualifying LIHTC investments	$	9,880	$	12,246	$	12,869
Low income housing tax credits		(9,850)		(11,543)		(16,268)
Other tax benefits related to qualifying LIHTC investments		(7,438)		(3,149)		(4,574)

New Market Tax Credit LLCs. First Tennessee New Markets Corporation (“FTNMC”), a wholly-owned subsidiary of FTBNA, makes equity investments through wholly-owned subsidiaries as a non-managing member in various limited liability companies (“LLCs”) that sponsor community development projects utilizing the New Market Tax Credit (“NMTC”) pursuant to Section 45 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the LLCs include providing investment capital for low-income communities within FHN’s primary geographic region. A portion of the funding of FTNMC’s investment in a NMTC LLC is obtained via a loan from an unrelated third-party that is typically a community development enterprise. The NMTC LLCs are considered VIEs as FTNMC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. While FTNMC could absorb losses that are significant to the NMTC LLCs as it has a risk of loss for its initial capital contributions, the managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the NMTC LLCs’ economic performance and the managing members are exposed to all losses beyond FTNMC’s initial capital contributions.

Small Issuer Trust Preferred Holdings. FTBNA holds variable interests in trusts which have issued mandatorily redeemable preferred capital securities (“trust preferreds”) for smaller banking and insurance enterprises. FTBNA has no voting rights for the trusts’ activities. The trusts’ only assets are junior subordinated debentures of the issuing enterprises. The creditors of the trusts hold no recourse to the assets of FTBNA. These trusts meet the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. Based on the nature of the trusts’ activities and the size of FTBNA’s holdings, FTBNA could potentially receive benefits or absorb losses that are significant to the trusts regardless of whether a majority of a trust’s securities are held by FTBNA. However, since FTBNA is solely a holder of the trusts’ securities, it has no rights which would give it the power to direct the activities that most significantly impact the trusts’ economic performance and thus it is not considered the primary beneficiary of the trusts. FTBNA has no contractual requirements to provide financial support to the trusts.

On-Balance Sheet Trust Preferred Securitization. In 2007, FTBNA executed a securitization of certain small issuer trust preferreds for which the underlying trust meets the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FTBNA could potentially receive benefits or absorb losses that are significant to the trust based on the size and priority of the interests it retained in the securities issued by the trust. However, since FTBNA did not retain servicing or other decision making rights, FTBNA is not the primary beneficiary as it does not have the power to direct the activities that most significantly impact the trust’s economic performance. Accordingly, FTBNA has accounted for the funds received through the securitization as a term borrowing in its Consolidated Statements of Condition. FTBNA has no contractual requirements to provide financial support to the trust.

Proprietary Trust Preferred Issuances. FHN has previously issued junior subordinated debt to First Tennessee Capital II (“Capital II”). Capital II is considered a VIE as FHN’s capital contributions to this trust are not considered “at risk” in evaluating whether the holders of the equity investments at risk in the trust have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FHN is not the trust’s primary beneficiary as FHN’s capital contributions to the trust are not considered variable interests as they are not “at risk”. Consequently, Capital II is not consolidated by FHN.

Proprietary Residential Mortgage Securitizations. FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Additionally, FHN has no contractual requirements to provide financial support to the trusts. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. While FHN is assumed to have the power as servicer to most significantly impact the activities of such VIEs, in situations where FHN does not have the ability to participate in significant portions of a securitization trust’s cash flows FHN is not considered the primary beneficiary of the trust. Therefore, these trusts are not consolidated by FHN.Upon closing of the servicing sales in first quarter 2014, FHN's interests in these securitizations declined substantially.

Agency Residential Mortgage Securitizations. During fourth quarter 2013, FHN completed the sale of substantially all servicing for Agency securitizations resulting in the de-recognition of its interests in these trusts.

Prior to third quarter 2008, FHN transferred first lien mortgages that were included in Agency-sponsored securitizations and retained MSR and in certain situations various other interests. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts held no recourse to the assets of FHN. Additionally, FHN had no contractual requirements to provide financial support to the trusts. The Agencies' or designated third parties' status as Master Servicer and the rights they hold consistent with their guarantees on the securities issued provide them with the power to direct the activities that most significantly impact the trusts’ economic performance. Thus, such trusts were not consolidated by FHN as it was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to the trusts.

In relation to certain Agency securitizations, FHN purchased the servicing rights on securitized loans from the loan originator and held other retained interests. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. As the Agencies serve as Master Servicer for the securitized loans and hold rights consistent with their guarantees on the securities issued, they have the power to direct the activities that most significantly impact the trusts’ economic performance. Thus, FHN was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to the trusts. FHN had no contractual requirements to provide financial support to the trusts.

On-Balance Sheet Consumer Loan Securitizations. Prior to March 31, 2014 FHN held variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its consumer lending operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts held no recourse to the assets of FHN. Based on their restrictive nature, the trusts were considered VIEs as the holders of equity at risk did not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts’ economic performance. The nonconsolidated proprietary residential mortgage securitizations as of December 31, 2013, consisted of two HELOC securitization trusts that had entered a rapid amortization period and for which FHN was obligated to provide subordinated funding. These securitization trusts were not consolidated by FHN as it was not the Master Servicer for the securitizations. FHN’s holding of a unilateral call right to reclaim specific assets in the trusts precluded sale accounting for the related securitization transactions. Thus, even though FHN was not the Master Servicer, the related transactions were accounted for as secured borrowings, with the associated loans and secured debt remaining within FHN’s Consolidated Financial Statements. These trusts were collapsed in first quarter 2014 as the collateral (loans) of the trust were repurchased and FHN eliminated the associated secured borrowing on the Consolidated Statements of Condition.

Holdings & Short Positions in Agency Mortgage-Backed Securities. FHN holds securities issued by various Agency securitization trusts. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entities’ economic performance. FHN could potentially receive benefits or absorb losses that are significant to the trusts based on the nature of the trusts’ activities and the size of FHN’s holdings. However, FHN is solely a holder of the trusts’ securities and does not have the power to direct the activities that most significantly impact the trusts’ economic performance, and is not considered the primary beneficiary of the trusts. FHN has no contractual requirements to provide financial support to the trusts.

Commercial Loan Troubled Debt Restructurings. For certain troubled commercial loans, FTBNA restructures the terms of the borrower’s debt in an effort to increase the probability of receipt of amounts contractually due. Following a troubled debt restructuring, the borrower entity typically meets the definition of a VIE as the initial determination of whether an entity is a VIE must be reconsidered as events have proven that the entity’s equity is not sufficient to permit it to finance its activities without additional subordinated financial support or a restructuring of the terms of its financing. As FTBNA does not have the power to direct the activities that most significantly impact such troubled commercial borrowers’ operations, it is not considered the primary beneficiary even in situations where, based on the size of the financing provided, FTBNA is exposed to potentially significant benefits and losses of the borrowing entity. FTBNA has no contractual requirements to provide financial support to the borrowing entities beyond certain funding commitments established upon restructuring of the terms of the debt that allows for preparation of the underlying collateral for sale.

Managed Discretionary Trusts. FHN serves as manager over certain discretionary trusts for which it makes investment decisions on behalf of the trusts’ beneficiaries in return for a reasonable management fee. The trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power, through voting rights or similar rights, to direct the activities that most significantly impact the entities’ economic performance. The management fees FHN receives are not considered variable interests in the trusts as all of the requirements related to permitted levels of decision maker fees are met. Therefore, the VIEs are not consolidated by FHN as it is not the trusts’ primary beneficiary. FHN has no contractual requirements to provide financial support to the trusts.

The following table summarizes FHN’s nonconsolidated VIEs as of December 31, 2014:
	Maximum		Liability
(Dollars in thousands)	Loss Exposure		Recognized			Classification
Type
Low income housing partnerships	$	61,259		$	4,678	(a)
New market tax credit LLCs (b) (c)		21,648			-	Other assets
Small issuer trust preferred holdings (d)		364,882			-	Loans, net of unearned income
On-balance sheet trust preferred securitization		51,613			62,561	(e)
Proprietary trust preferred issuances (f)		N/A			206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		25,904			-	(g)
Holdings of agency mortgage-backed securities (d)		3,881,505			-	(h)
Commercial loan troubled debt restructurings (i) (j)		47,258			-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A			N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,“Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Summary of Significant Accounting Policiesfor additional information.

• Maximum loss exposure represents $56.6 million of current investments and $4.7 million of contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $62.6 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $.6 million and $.1 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $5.6 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $19.6 million are classified as Other assets.
• Includes $519.1 million classified as Trading securities and $3.4 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $44.0 million of current receivables and $3.2 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

The following table summarizes FHN's nonconsolidated VIEs as of December 31, 2013:
	Maximum		Liability
(Dollars in thousands)	Loss  Exposure		Recognized		Classification
Type
Low income housing partnerships	$	65,838	$	7,034	(a)
New market tax credit LLCs (b) (c)		22,774		-	Other assets
Small issuer trust preferred holdings (d)		402,307		-	Loans, net of unearned income
On-balance sheet trust preferred securitization		53,951		60,222	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		339,493		-	(g)
On-balance sheet consumer loan securitizations		22,965		221,193	(h)
Holdings of agency mortgage-backed securities (d)		3,401,539		-	(i)
Short positions in agency mortgage-backed securities (f)		N/A		854	Trading liabilities
Commercial loan troubled debt restructurings (j) (k)		62,207		-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,“Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Summary of Significant Accounting Policiesfor additional information.

• Maximum loss exposure represents $58.8 million of current investments and $7.0 million of contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $60.2 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $70.1 million and $.4 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $7.2 million classified as Trading securities related to proprietary and agency residential mortgage securitizations. Aggregate servicing advances of $261.8 million are classified as Other assets.
• Includes $244.2 million classified as Loans, net of unearned income which are offset by $221.2 million classified as Term borrowings.
• Includes $286.9 million classified as Trading securities and $3.1 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $59.9 million of current receivables and $2.3 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

Prior to 2009, FHN utilized loan sales and securitizations as a significant source of liquidity for its mortgage banking operations. FHN no longer retains financial interests in loans it transfers to third parties.

Retained Interests

With the sales of substantially all servicing by the end of first quarter 2014, prior transfers of financial assets in which FHN has continuing involvement are no longer significant. See Note 18 – Contingencies and Other Disclosures for information regarding FHN’s repurchase exposure for claims that FHN breached its representations and warranties made in connection with the sale of loans to proprietary and agency residential mortgage securitization trusts.

For 2013, cash flows received and paid related to loan sales and securitizations where FHN had continuing involvement were as follows:
		Year Ended
(Dollars in thousands)	December 31, 2013
Proceeds from initial sales	$	10,843
Servicing fees retained (a)		43,563
Purchases of GNMA guaranteed mortgages		97,684
Purchases of previously transferred financial assets (b) (c)		287,576
Other cash flows received on retained interests		5,482

• Included servicing fees on MSR associated with loan sales and purchased MSR.
• Included repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also included buyouts from GSEs in order to facilitate foreclosures.
• 2013 includes $74.7 million of cash paid related to clean-up calls exercised by FHN.

The principal amount of loans transferred through loan sales and securitizations and other loans managed with them in which FHN had continuing involvement, the principal amount of delinquent loans, and the net credit losses during the December 31, 2013 are as follows:
	Principal Amount of Residential Real Estate Loans (a) (b) (c)		Net Credit Loss
				Year Ended
(Dollars in thousands)	December 31, 2013			December 31, 2013
Total loans managed or transferred	$	8,386,789		$	219,925

• Amounts represent real estate residential loans in FHN’s portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN had a retained interest other than servicing rights. Also included $39.4 million of loans transferred to GSEs with any type of retained interest other than servicing rights in 2013.
• Includes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in this amount was $39.8 million of GNMA guaranteed mortgages in 2013.
• No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 18 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.

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Loans (Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade) (Details)		Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($) number		Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 232,448,000	$ 253,809,000		$ 276,963,000	$ 384,351,000
Total loans collectively evaluated for impairment		15,846,431,000	14,941,780,000		16,253,687,000
Total loans individually evaluated for impairment		342,345,000	400,468,000		454,895,000
Allowance - collectively evaluated for impairment		165,635,000	175,658,000		201,803,000
Allowance - individually evaluated for impairment		63,628,000	77,334,000		$ 75,160,000
Allowance - purchased credit impaired loans		3,185,000	817,000
Purchase credit impaired loans - recorded investment		41,390,000	46,826,000
General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		7,477,612,000	6,709,598,000
Total loans individually evaluated for impairment		22,853,000	43,367,000
Total commercial loans		7,505,541,000	6,752,965,000	[1]
Purchase credit impaired loans - recorded investment		5,076,000
Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		1,163,018,000	790,609,000
Total loans individually evaluated for impairment		0	0
Total commercial loans		1,163,018,000	790,609,000	[1]
Purchase credit impaired loans - recorded investment		0
TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment	[2]	325,882,000	336,043,000
Total loans individually evaluated for impairment	[2]	12,845,000	36,864,000
Total commercial loans	[2]	338,727,000	372,907,000	[1]
LOCOM valuation allowance		$ 26,200,000	$ 29,400,000
Highest internal grade | number		13	13
Purchase credit impaired loans - recorded investment		$ 0
Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		1,189,595,000	$ 1,032,256,000
Total loans individually evaluated for impairment		16,912,000	20,898,000
Total commercial loans		1,240,421,000	1,053,154,000	[1]
Purchase credit impaired loans - recorded investment		33,914,000
Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		33,063,000	34,383,000
Total loans individually evaluated for impairment		2,518,000	6,914,000
Total commercial loans		37,296,000	$ 41,297,000	[1]
Purchase credit impaired loans - recorded investment		$ 1,715,000
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of total commercial loans		100.00%	100.00%
Allowance for loan losses		$ 85,585,000	$ 96,245,000	[1]
Total loans collectively evaluated for impairment		10,189,170,000	8,902,889,000
Total loans individually evaluated for impairment		55,128,000	108,043,000
Total commercial loans		10,285,003,000	9,010,932,000	[1]
Allowance - collectively evaluated for impairment		76,508,000	80,350,000
Allowance - individually evaluated for impairment		5,969,000	$ 15,895,000
Allowance - purchased credit impaired loans		$ 3,108,000
Percent of loan collectively evaluated for impairment		99.00%	99.00%
Percent of loan individually evaluated for impairment		1.00%	1.00%
Purchase credit impaired loans - recorded investment		$ 40,705,000
Percent of loan purchased-credit impaired		0.00%
Commercial Loan P D Grade One [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 450,661,000	$ 239,141,000
Percent of total commercial loans		4.00%	3.00%
Allowance for loan losses		$ 70,000	$ 85,000
Commercial Loan P D Grade One [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		450,465,000	239,141,000
Commercial Loan P D Grade One [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0	0
Commercial Loan P D Grade One [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade One [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		136,000	0
Commercial Loan P D Grade One [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		60,000	0
Commercial Loan P D Grade Two [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 436,525,000	$ 219,536,000
Percent of total commercial loans		4.00%	2.00%
Allowance for loan losses		$ 130,000	$ 80,000
Commercial Loan P D Grade Two [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		434,945,000	216,173,000
Commercial Loan P D Grade Two [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0	0
Commercial Loan P D Grade Two [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Two [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,344,000	3,363,000
Commercial Loan P D Grade Two [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		236,000	0
Commercial Loan P D Grade Three [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 774,636,000	$ 225,046,000
Percent of total commercial loans		8.00%	2.00%
Allowance for loan losses		$ 201,000	$ 206,000
Commercial Loan P D Grade Three [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		566,364,000	224,224,000
Commercial Loan P D Grade Three [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		134,230,000	0
Commercial Loan P D Grade Three [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Three [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		73,812,000	739,000
Commercial Loan P D Grade Three [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		230,000	83,000
Commercial Loan P D Grade Four [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 836,944,000	$ 334,641,000
Percent of total commercial loans		8.00%	4.00%
Allowance for loan losses		$ 408,000	$ 410,000
Commercial Loan P D Grade Four [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		589,341,000	321,423,000
Commercial Loan P D Grade Four [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		202,287,000	0
Commercial Loan P D Grade Four [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Four [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		45,084,000	13,005,000
Commercial Loan P D Grade Four [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		232,000	213,000
Commercial Loan P D Grade Five [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 1,288,533,000	$ 863,803,000
Percent of total commercial loans		13.00%	10.00%
Allowance for loan losses		$ 2,372,000	$ 1,331,000
Commercial Loan P D Grade Five [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		821,012,000	821,158,000
Commercial Loan P D Grade Five [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		247,058,000	0
Commercial Loan P D Grade Five [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Five [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		216,628,000	42,420,000
Commercial Loan P D Grade Five [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		3,835,000	225,000
Commercial Loan P D Grade Six [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 1,657,447,000	$ 1,212,356,000
Percent of total commercial loans		16.00%	13.00%
Allowance for loan losses		$ 5,286,000	$ 1,643,000
Commercial Loan P D Grade Six [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,162,551,000	876,982,000
Commercial Loan P D Grade Six [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		314,671,000	96,287,000
Commercial Loan P D Grade Six [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Six [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		175,007,000	229,098,000
Commercial Loan P D Grade Six [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		5,218,000	9,989,000
Commercial Loan P D Grade Seven [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 1,714,273,000	$ 1,530,885,000
Percent of total commercial loans		17.00%	17.00%
Allowance for loan losses		$ 8,517,000	$ 2,578,000
Commercial Loan P D Grade Seven [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,325,968,000	1,135,378,000
Commercial Loan P D Grade Seven [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		157,410,000	172,236,000
Commercial Loan P D Grade Seven [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Seven [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		224,226,000	216,744,000
Commercial Loan P D Grade Seven [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		6,669,000	6,527,000
Commercial Loan P D Grade Eight [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 950,191,000	$ 1,467,589,000
Percent of total commercial loans		9.00%	16.00%
Allowance for loan losses		$ 9,307,000	$ 4,426,000
Commercial Loan P D Grade Eight [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		699,334,000	953,398,000
Commercial Loan P D Grade Eight [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		42,730,000	295,436,000
Commercial Loan P D Grade Eight [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Eight [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		200,463,000	218,619,000
Commercial Loan P D Grade Eight [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		7,664,000	136,000
Commercial Loan P D Grade Nine [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 709,592,000	$ 962,969,000
Percent of total commercial loans		7.00%	11.00%
Allowance for loan losses		$ 8,901,000	$ 8,381,000
Commercial Loan P D Grade Nine [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		531,979,000	683,223,000
Commercial Loan P D Grade Nine [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		58,997,000	167,533,000
Commercial Loan P D Grade Nine [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Nine [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		117,782,000	111,260,000
Commercial Loan P D Grade Nine [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		834,000	953,000
Commercial Loan P D Grade Ten [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 289,201,000	$ 518,077,000
Percent of total commercial loans		3.00%	6.00%
Allowance for loan losses		$ 4,806,000	$ 7,276,000
Commercial Loan P D Grade Ten [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		244,574,000	402,532,000
Commercial Loan P D Grade Ten [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		5,635,000	48,802,000
Commercial Loan P D Grade Ten [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Ten [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		38,253,000	64,893,000
Commercial Loan P D Grade Ten [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		739,000	1,850,000
Commercial Loan P D Grade Eleven [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 320,590,000	$ 429,487,000
Percent of total commercial loans		3.00%	5.00%
Allowance for loan losses		$ 6,887,000	$ 9,687,000
Commercial Loan P D Grade Eleven [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		287,940,000	387,907,000
Commercial Loan P D Grade Eleven [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0	10,169,000
Commercial Loan P D Grade Eleven [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Eleven [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		31,712,000	29,774,000
Commercial Loan P D Grade Eleven [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		938,000	1,637,000
Commercial Loan P D Grade Twelve [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 147,922,000	$ 166,870,000
Percent of total commercial loans		1.00%	2.00%
Allowance for loan losses		$ 4,622,000	$ 2,488,000
Commercial Loan P D Grade Twelve [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		117,431,000	129,741,000
Commercial Loan P D Grade Twelve [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0	0
Commercial Loan P D Grade Twelve [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	0
Commercial Loan P D Grade Twelve [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		29,453,000	32,796,000
Commercial Loan P D Grade Twelve [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,038,000	4,333,000
Commercial Loan P D Grade Thirteen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 421,004,000	$ 514,950,000
Percent of total commercial loans		4.00%	6.00%
Allowance for loan losses		$ 3,590,000	$ 9,047,000
Commercial Loan P D Grade Thirteen [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		87,840,000	163,458,000
Commercial Loan P D Grade Thirteen [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0	0
Commercial Loan P D Grade Thirteen [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	325,882,000	331,940,000
Commercial Loan P D Grade Thirteen [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		6,116,000	16,666,000
Commercial Loan P D Grade Thirteen [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,166,000	2,886,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 191,651,000	$ 217,539,000
Percent of total commercial loans		2.00%	2.00%
Allowance for loan losses		$ 21,411,000	$ 32,712,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		157,868,000	154,860,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0	146,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[2]	0	4,103,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		29,579,000	52,879,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 4,204,000	$ 5,551,000

[1] December 31 , 2013 table excludes PCI loans amounting to $45.9 million ($.8 million of allowance) .

[2] Balances as of December 31 , 2014 and 2013 , presented net of $ 26.2 million and $ 29.4 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is " 13 ".

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Contingencies And Other Disclosures (Narrative I) (Details)	12 Months Ended				32 Months Ended
	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2007 number	Aug. 31, 2008 USD ($) number	Dec. 25, 2014 USD ($)
Loss Contingencies [Line Items]
Subservicer expenditure reimbursement amount disputed	$ 34,900,000
Stated percentage of voting rights	25.00%
Estimated Litigation Liability	$ 56,200,000
Number of GSEs to which conventional conforming single-family mortgage loans were predominately sold to | number	2
Number of years of the subservicing arrangement					3 years
Percent Of Repurchase Make Whole Claims Related To Private Whole Loan Sales	45.00%
Litigation And Regulatory Matters	$ (2,720,000)	$ 63,654,000	$ 33,313,000
Professional Fees	44,205,000	$ 53,359,000	$ 38,750,000
Mortgage Securitization Litigation [Member]
Loss Contingencies [Line Items]
Investment in proprietary securitizations subject to indemnifications	331,400,000
Investment in proprietary securitizations subject to lawsuits	225,700,000
Debit Transaction Sequencing Matter [Member]
Loss Contingencies [Line Items]
Actual damages sought by plaintiff	5,000,000
Federal Home Loan Bank San Francisco [Member]
Loss Contingencies [Line Items]
Original combined certificate balances of investments subject to subpoena						$ 501,100,000
Current combined certificate balances of investments subject to subpoena						137,800,000
F H Proprietary Securitization [Member]
Loss Contingencies [Line Items]
Number of securitization trusts inactive | number				80
Remaining balance in mortgage loans	6,100,000,000
Federal Home Loan Bank Of Atlanta [Member]
Loss Contingencies [Line Items]
Original combined certificate balances of investments subject to subpoena						56,100,000
Current combined certificate balances of investments subject to subpoena						6,700,000
FHA Insured
Loss Contingencies [Line Items]
Number Of Loans Originated From 2006 to 2008 Divestiture Of The National Mortgage Platform | number					47,817
Amount Of Loans Originated From 2006 to 2008 Divestiture Of The National Mortgage Platform					$ 8,200,000,000
Alternative Mortgage Loans [Member] | F H Proprietary Securitization [Member]
Loss Contingencies [Line Items]
Remaining balance in mortgage loans	4,200,000,000
Jumbo Mortgage Loans [Member] | F H Proprietary Securitization [Member]
Loss Contingencies [Line Items]
Remaining balance in mortgage loans	1,900,000,000
Maximum
Loss Contingencies [Line Items]
Estimated reasonably possible losses in excess of currently established liabilities	120,000,000
Minimum
Loss Contingencies [Line Items]
Estimated reasonably possible losses in excess of currently established liabilities	$ 0
Investments | Mortgage Securitization Litigation [Member]
Loss Contingencies [Line Items]
Ending certificate balance of the investments subject to lawsuits						$ 195,700,000
Investments percentage performing						85.00%
Cumulative losses on investments, percentage of unpaid balance						6.00%

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Pension, Savings, And Other Employee Benefits (Schedule Of Estimated Net Actuarial (Gain)/Loss, Prior Service Cost/(Credit), And Transition (Asset)/Obligation)(Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior servce cost/(credit)	$ 332,000	$ 346,000
Net actuarial (gain)/loss	9,582,000	6,539,000
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior servce cost/(credit)	(1,163,000)	(1,163,000)
Net actuarial (gain)/loss	$ (976,000)	$ (755,000)

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Stock Options, Restricted Stock Incentive, And Dividend Reinvestment Plans (Summary Of Stock Option Plans Activity)(Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010	Dec. 31, 2009
Employee Benefits And Share Based Compensation [Abstract]
January 1, 2014, Options Outstanding	8,593,175
Options granted, Options Outstanding	592,551	866,742	1,248,685	0	0
Options exercised, Options Outstanding	(199,880)
Options expired, Options Outstanding	(1,194,739)
December 31, 2014	7,791,107	8,593,175
Options exercisable, Options Outstanding	5,820,652
Options expected to vest, Options outstanding	1,970,455
January 1, 2014, Weighted Average Exercise Price	$ 19.29
Options granted, Weighted Average Exercise Price	11.77
Options exercised, weighted average exercise price	10.74
Options expired, Weighted Average Exercise Price	30.78
December 31, 2014, Weighted Average Exercise Price	17.18	$ 19.29
Options exercisable, Weighted Average Exercise Price	19.34
Options expected to vest, Weighted Average Exercise Price	$ 10.81
December 31, 2014, Weighted Average Remaining Contractual Term (Years)	3 years 11 months
Options exercisable, Weighted Average Remaining Contractual Term (years)	3 years 7 months
Options expected to vest, Weighted Average Remaining Contractual Term (years)	4 years 11 months
December 31, 2014, Aggregate Intrinsic Value (thousands)	$ 11,826
Options exercisable, Aggregate Intrinsic Value (thousands)	6,376
Options expected to vest, Aggregate Intrinsic Value (thousands)	$ 5,449

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Investment Securities (Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	$ 212,769,000	$ 1,812,086,000
Less than 12 months, Unrealized Losses	(957,000)	(62,639,000)
12 months or longer, Fair Value	1,000,125,000	10,010,000
12 months or longer, Unrealized Losses	(26,277,000)	(63,000)
Total Fair Value	1,212,894,000	1,822,096,000
Total Unrealized Losses	(27,234,000)	(62,702,000)
Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	179,661,000	1,639,254,000
Less than 12 months, Unrealized Losses	(869,000)	(57,117,000)
12 months or longer, Fair Value	964,267,000	10,010,000
12 months or longer, Unrealized Losses	(25,511,000)	(63,000)
Total Fair Value	1,143,928,000	1,649,264,000
Total Unrealized Losses	(26,380,000)	(57,180,000)
Government Agency Issued Mortgage-Backed Securities ("MBS")
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	32,141,000	147,792,000
Less than 12 months, Unrealized Losses	(8,000)	(5,499,000)
12 months or longer, Fair Value	35,849,000	0
12 months or longer, Unrealized Losses	(732,000)	0
Total Fair Value	67,990,000	147,792,000
Total Unrealized Losses	(740,000)	(5,499,000)
U.S. treasuries
Schedule of Investments [Line Items]
Less than 12 months, Fair Value		24,997,000
Less than 12 months, Unrealized Losses		1,000
12 months or longer, Fair Value		0
12 months or longer, Unrealized Losses		0
Total Fair Value		24,997,000
Total Unrealized Losses		1,000
Total debt securities
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	211,802,000	1,812,043,000
Less than 12 months, Unrealized Losses	(877,000)	(62,617,000)
12 months or longer, Fair Value	1,000,116,000	10,010,000
12 months or longer, Unrealized Losses	(26,243,000)	(63,000)
Total Fair Value	1,211,918,000	1,822,053,000
Total Unrealized Losses	(27,120,000)	(62,680,000)
Equity
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	967,000	43,000
Less than 12 months, Unrealized Losses	(80,000)	(22,000)
12 months or longer, Fair Value	9,000	0
12 months or longer, Unrealized Losses	(34,000)	0
Total Fair Value	976,000	43,000
Total Unrealized Losses	$ (114,000)	$ (22,000)

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Premises, Equipment And Leases (Summary of Premises and Equipment) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Property Plant And Equipment [Abstract]
Land	$ 76,667,000	$ 75,593,000
Buildings	360,133,000	354,070,000
Leasehold Improvements	32,404,000	38,303,000
Furniture, fixtures, and equipment	201,443,000	202,102,000
Premises and equipment, at cost	670,647,000	670,068,000
Less accumulated depreciation and amortization	367,651,000	364,824,000
Premises and equipment, net	$ 302,996,000	$ 305,244,000

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Pension, Savings, And Other Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2014

Pension, Savings, And Other Employee Benefits [Abstract]

Schedule of Actuarial Assumptions Used In The Defined Benefit Pension Plan And Other Employee Benefit Plans

The actuarial assumptions used in the defined benefit pension plan and other employee benefit plans were as follows:
	Benefit Obligations			Net Periodic Benefit Cost
	2014	2013	2012	2014	2013	2012
Discount rate
Qualified pension	4.30%	5.15%	4.35%	5.15%	4.35%	5.10%
Nonqualified pension	4.00%	4.70%	3.85%	4.70%	3.85%	4.75%
Other nonqualified pension	3.35%	4.05%	3.20%	4.05%	3.20%	4.40%
Postretirement benefits	3.45% - 4.45%	4.10% - 5.35%	3.80% - 4.55%	4.10% - 5.35%	3.80% - 4.55%	4.75% - 5.25%
Expected long-term rate of return
Qualified pension/postretirement benefits	5.85%	6.60%	6.05%	6.60%	6.05%	6.90%
Postretirement benefit (retirees post January 1, 1993)	6.35%	6.95%	6.05%	6.95%	6.05%	6.90%
Postretirement benefit (retirees prior to January 1, 1993)	2.30%	2.85%	3.93%	2.85%	3.93%	4.49%
Rate of compensation increase (a)	N/A	N/A	4.10%	N/A	N/A	4.10%

(a) Due to the pension plan freeze as of December 31, 2012, the rate of compensation increase no longer applies to the qualified pension plan.

Schedule Of Components Of Net Periodic Benefit Cost

The components of net periodic benefit cost for the plan years 2014, 2013 and 2012 are as follows:
		Total Pension Benefits						Other Benefits
(Dollars in thousands)		2014		2013		2012		2014		2013		2012
Components of net periodic benefit cost
Service cost (a)	$	56	$	63	$	14,800	$	207	$	460	$	467
Interest cost		34,915		32,361		33,040		1,754		2,033		2,298
Expected return on plan assets		(40,093)		(34,946)		(39,813)		(1,025)		(816)		(915)
Amortization of unrecognized:
Transition (asset)/obligation		-		-		-		-		-		736
Prior service cost/(credit)		346		353		398		(1,163)		(299)		(9)
Actuarial (gain)/loss (b)		6,898		9,832		35,999		(1,006)		(171)		(488)
Net periodic benefit cost		2,122		7,663		44,424		(1,233)		1,207		2,089
ASC 715 curtailment/settlement expense (c)		-		370		1,231		-		-		-
ASC 715 special termination benefits (d)		1,009		-		-		-		-		-
Total periodic benefit costs	$	3,131	$	8,033	$	45,655	$	(1,233)	$	1,207	$	2,089

(a) 2014 and 2013 decline in total pension benefits service cost reflects the freeze of the pension plans effective December 31, 2012.

(b) 2014 and 2013 decline in recognition of total pension benefits actuarial loss driven by the change in amortization term from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants in conjunction with the freeze of the pension plans on December 31, 2012.

(c)In 2013 and 2012, lump sum payments under the supplemental retirement plan triggered settlement accounting. In accordance with its practice, FHN performed a remeasurement of the plan in conjunction with the settlement and realized an ASC 715 settlement expense.

(d) In 2014, a one-time special termination benefits charge was recognized related to recalculation of a participant’s benefit under a non-qualified plan upon retirement.

Schedule Of Plans' Benefit Obligations And Plan Assets

The following tables set forth the plans' benefit obligations and plan assets for 2014 and 2013:
	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014		2013
Change in Benefit Obligation
Benefit obligation, beginning of year	$	693,716	$	766,947	$	38,464	$	54,716
Service cost		56		63		207		460
Interest cost		34,915		32,361		1,754		2,033
Plan amendments		-		-		-		(10,678)
Actuarial (gain)/loss (a) (b)		157,619		(78,617)		(3,293)		(7,237)
Actual benefits paid		(27,462)		(27,038)		(1,804)		(1,030)
Expected Medicare Part D reimbursement		-		-		-		200
Special termination benefits		1,009		-		-		-
Benefit obligation, end of year	$	859,853	$	693,716	$	35,328	$	38,464
Change in Plan Assets
Fair value of plan assets, beginning of year	$	640,605	$	633,972	$	16,360	$	14,288
Actual return on plan assets		78,491		28,699		973		2,659
Employer contributions		3,915		4,972		1,110		443
Actual benefits paid - settlement payments		-		(1,160)		(1,804)		(1,030)
Actual benefits paid - other payments		(27,462)		(25,878)		-		-
Fair value of plan assets, end of year	$	695,549	$	640,605	$	16,639	$	16,360
Funded status of the plans	$	(164,304)	$	(53,111)	$	(18,689)	$	(22,104)
Amounts Recognized in the Statements of
Financial Condition
Other assets	$	-	$	-	$	11,882	$	9,158
Other liabilities		(164,304)		(53,111)		(30,571)		(31,262)
Net asset/(liability) at end of year	$	(164,304)	$	(53,111)	$	(18,689)	$	(22,104)

• 2013 change in other benefits actuarial (gain)/loss driven by a change in the retiree medical plan.
• 2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

Schedule Of Defined Benefit Plan Balances Reflected In Accumulated Other Comprehensive Income On Pre-Tax Basis

Unrecognized transition assets and obligations, unrecognized actuarial gains and losses, and unrecognized prior service costs and credits are recognized as a component of accumulated other comprehensive income. Balances reflected in accumulated other comprehensive income on a pre-tax basis for the years ended December 31, 2014 and 2013 consist of:

	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014		2013
Amounts Recognized in Accumulated Other Comprehensive Income
Prior service cost/(credit)	$	581	$	927	$	(8,577)	$	(9,740)
Net actuarial (gain)/loss		354,264		241,941		(10,664)		(8,429)
Total	$	354,845	$	242,868	$	(19,241)	$	(18,169)

Schedule Of Changes In Plan Assets And Benefit Obligation Recognied In Other Comprehensive Income On Pre-Tax Basis

The pre-tax amounts recognized in other comprehensive income during 2014 and 2013 were as follows:
		Total Pension Benefits				Other Benefits
(Dollars in thousands)		2014		2013		2014		2013
Changes in plan assets and benefit obligation recognized in other comprehensive income
Net actuarial (gain)/loss arising during measurement period (a)		$	119,217	$	(72,376)	$	(3,241)	$	(9,080)
Prior service cost/(credit) arising during measurement period			-		-		-		(10,678)
Items amortized during the measurement period:
	Net transition (asset)/obligation		-		-		-		-
	Prior service credit/(cost)		(346)		(353)		1,163		299
	Net actuarial gain/(loss)		(6,898)		(10,202)		1,006		171
Total recognized in other comprehensive income		$	111,973	$	(82,931)	$	(1,072)	$	(19,288)

2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

Schedule Of Estimated Amounts In Accumulated Other Comprehensive Income Loss To Be Recognized Over Next Fiscal Year Into Net Periodic Benefit Cost

The estimated net actuarial (gain)/loss, prior service cost/(credit), and transition (asset)/obligation for the plan that will amortize from accumulated other comprehensive income into net periodic benefit cost during the following fiscal year are as follows:
	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014		2013
Prior service cost/(credit)	$	332	$	346	$	(1,163)	$	(1,163)
Net actuarial (gain)/loss		9,582		6,539		(976)		(755)

Schedule Of Expected Benefit Payment

The following table provides detail on expected benefit payments, which reflect expected future service, as appropriate:
		Pension		Other
(Dollars in thousands)		Benefits		Benefits
2015	$	29,897	$	1,427
2016		32,497		1,462
2017		34,434		1,502
2018		36,405		1,548
2019		38,266		1,597
2020-2024		219,771		8,831

Schedule of Fair Value of Pension Plan Assets By Asset Category

The fair value of FHN’s pension plan assets at December 31, 2014 and December 31, 2013, by asset category classified using the Fair Value measurement hierarchy is shown in the table below. See Note 25 – Fair Value of Assets and Liabilities for more details about Fair Value measurements.

	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	5,817	$	-	$	-	$	5,817
Equity securities:
U.S. mid capital		10,803		-		-		10,803
Fixed income securities:
U.S. treasuries		-		3,684		-		3,684
Corporate, municipal and foreign bonds		-		230,808		-		230,808
Common and collective funds:
Fixed income		-		231,666		-		231,666
U.S. large capital		-		119,234		-		119,234
U.S. small capital		-		39,449		-		39,449
International		-		54,088		-		54,088
Total	$	16,620	$	678,929	$	-	$	695,549

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	9,347	$	-	$	-	$	9,347
Equity securities:
U.S. mid and small capital		63,834		-		-		63,834
Fixed income securities:
U.S. treasuries		-		4,585		-		4,585
Corporate, municipal and foreign bonds		-		199,896		-		199,896
Common and collective funds:
Fixed income		-		205,580		-		205,580
U.S. large capital		-		102,702		-		102,702
International		-		54,661		-		54,661
Total	$	73,181	$	567,424	$	-	$	640,605

Schedule of Fair Value Of Retiree Medical Plan Assets By Asset Category

The fair value of FHN's retiree medical plan assets at December 31, 2014 and December 31, 2013 by asset category are as follows:
	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	425	$	-	$	-	$	425
Mutual funds:
Equity mutual funds		9,627		-		-		9,627
Fixed income mutual funds		6,587		-		-		6,587
Total	$	16,639	$	-	$	-	$	16,639

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	600	$	-	$	-	$	600
Equity securities:
U.S. small capital		1,613		-		-		1,613
Mutual funds:
Equity mutual funds		9,102		-		-		9,102
Fixed income mutual funds		4,511		-		-		4,511
Fixed income securities:
U.S. treasuries		-		119		-		119
Corporate and foreign bonds		-		415		-		415
Total	$	15,826	$	534	$	-	$	16,360
The number of shares of FHN common stock held by the qualified pension plan was 792,607 for 2014 and 2013.

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Income Taxes (Schedule Of Components Of Consolidated Statements Of Income And Equity) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Income tax expense/(benefit) related to continuing operations	$ 84,185,000	$ (19,389,000)	$ (72,028,000)
Income tax expense/(benefit) related to discontinued operations	0	343,000	93,000
Income tax expense/(benefit) related to, Pension and postretirement plans	(42,842,000)	39,394,000	(2,875,000)
Income tax expense/(benefit) related to, Unrealized gains/(losses) on investment securities available-for-sale	18,135,000	(41,761,000)	(7,525,000)
Income tax expense/(benefit) related to, Share-based compensation	7,220,000	1,569,000	4,140,000
Total	$ 66,698,000	$ (19,844,000)	$ (78,195,000)

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Stock Option, Restrictive Stock Incentive, And Dividend Reinvestment Plans (Summary Of Assumptions To Estimate The Fair Value Of Stock Options Granted)(Details) - Employee Stock Options [Member]	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Expected dividend yield	1.70%	1.84%	0.42%
Expected weighted-average lives of options granted	6 years 2 months	6 years 1 month	6 years 1 month
Expected weighted-average volatility	33.79%	36.19%	42.40%
Expected volatility range, minimum	24.55%	27.27%	35.80%
Expected volatility range, maximum	61.49%	62.98%	62.21%
Risk-free interest rate	1.96%	1.16%	1.10%

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Loans (Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013
Loans [Abstract]
Balance, beginning of period		$ 13,490	$ 0
Impact of acquisition/purchase on June 7, 2013		495	6,650
Accretion		(7,090)	(2,234)
Adjustment for payoffs		(1,575)	(104)
Adjustment for charge-offs		(79)	(4)
Increase in accretable yield	[1]	9,473	9,182
Balance, end of period		$ 14,714	$ 13,490

[1] Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

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Securities Purchased Under Agreements To Resell And Collateral Pledged By Company (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Securities Purchased under Agreements to Resell [Abstract]
Gross amounts of recognized assets	$ 659,154,000	$ 412,614,000
Gross amounts offset in the Statement of Condition	0	0
Net amounts of assets presented in the Statement of Condition	659,154,000	412,614,000
Offsetting securities sold under agreements to repurchase	(48,655,000)	(8,672,000)
Securities collateral (not recognized on FHN's Statement of Condition)	(602,403,000)	(396,855,000)
Net amount	$ 8,096,000	$ 7,087,000

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Allowance For Loan Losses (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2014 USD ($) number
Retail Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Time period within which inherent losses are recognized	12 months
Maximum [Member] | Pass
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	12
Maximum [Member] | Unlikely to be Collected Financing Receivable
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	16
Maximum [Member] | Commercial Loan L G D Grade One [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	12
Maximum [Member] | Commercial Loan L G D Grade Twelve [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	12
Minimum [Member] | Pass
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	1
Minimum [Member] | Commercial Loan L G D Grade One [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	1
Minimum [Member] | Non Accruing [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired commercial loans | $	$ 1

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Derivatives (Derivatives associated with legacy Mortgage Servicing Activities) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Total MSR recognized by FHN	$ 72,793,000	$ 2,517,000	$ 114,311,000
Fair value of retained interests	801,718,000	$ 1,194,391,000
Forwards And Futures [Member] | Retained Interest [Member] | Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	0
Assets	0
Liabilities	0
Gains/(Losses)	(3,047,000)
Interest Rate Swaps And Swaptions [Member] | Retained Interest [Member] | Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	0
Assets	0
Liabilities	0
Gains/(Losses)	(4,275,000)
Mortgage Servicing Rights [Member] | Retained Interest [Member] | Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total MSR recognized by FHN	70,492,000
Gains/(Losses)	21,591,000
Other Retained Interests [Member] | Retained Interest [Member] | Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of retained interests	7,195,000
Gains/(Losses)	$ 3,813,000

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Securities Sold Under Agreements To Repurchase And Collateral Pledged By Counterparties (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Securities Sold Under Agreements To Repurchase [Abstract]
Gross amounts of recognized liabilities	$ 562,214,000	$ 442,789,000
Gross amounts offset in the statement of Condition	0	0
Net amounts of liabilities presented in the Statement of Condition	562,214,000	442,789,000
Offsetting securities purchased under agreements to resell	(48,655,000)	(8,672,000)
Securities Collateral	(513,463,000)	(434,008,000)
Net amount	$ 96,000	$ 109,000

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Loans (Period-End Balances And Various Asset Quality Attributes By Originations Vintage For R/E Installment Loans) (Details)	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($) number	Dec. 31, 2012 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income | $	$ 16,230,166,000	$ 15,389,074,000	$ 16,708,582,000
Real Estate Installment Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 2,578,733,000	$ 2,526,780,000
Avg orig FICO	748	746
Avg Refreshed FICO	747	742
Real Estate Installment Class | Origination Vintage Period Pre 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 13,909,000	$ 23,827,000
Avg orig FICO	678	681
Avg Refreshed FICO	684	683
Real Estate Installment Class | Origination Vintage Period 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 49,706,000	$ 74,451,000
Avg orig FICO	714	716
Avg Refreshed FICO	724	725
Real Estate Installment Class | Origination Vintage Period 2004
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 41,414,000	$ 54,240,000
Avg orig FICO	699	701
Avg Refreshed FICO	695	700
Real Estate Installment Class | Origination Vintage Period 2005
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 123,130,000	$ 161,205,000
Avg orig FICO	715	717
Avg Refreshed FICO	712	711
Real Estate Installment Class | Origination Vintage Period 2006
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 134,055,000	$ 173,994,000
Avg orig FICO	713	715
Avg Refreshed FICO	702	701
Real Estate Installment Class | Origination Vintage Period 2007
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 199,473,000	$ 249,198,000
Avg orig FICO	723	725
Avg Refreshed FICO	709	709
Real Estate Installment Class | Origination Vintage Period 2008
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 64,244,000	$ 85,192,000
Avg orig FICO	720	723
Avg Refreshed FICO	714	720
Real Estate Installment Class | Origination Vintage Period 2009
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 28,762,000	$ 38,842,000
Avg orig FICO	736	742
Avg Refreshed FICO	725	737
Real Estate Installment Class | Origination Vintage Period 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 101,310,000	$ 125,094,000
Avg orig FICO	747	748
Avg Refreshed FICO	752	755
Real Estate Installment Class | Origination Vintage Period 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 278,795,000	$ 335,343,000
Avg orig FICO	760	760
Avg Refreshed FICO	759	760
Real Estate Installment Class | Origination Vintage Period 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 608,684,000	$ 690,461,000
Avg orig FICO	764	764
Avg Refreshed FICO	766	764
Real Estate Installment Class | Origination Vintage Period 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 475,272,000	$ 514,933,000
Avg orig FICO	756	757
Avg Refreshed FICO	759	754
Real Estate Installment Class | Origination Vintage Period 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 459,979,000	$ 0
Avg orig FICO	756	0
Avg Refreshed FICO	752	0

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Allowance For Loan Losses (Rollforward Of The Allowance For Loan Losses By Portfolio Segment) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 253,809,000		$ 276,963,000		$ 384,351,000
Charge-offs	(90,446,000)		(121,418,000)		(225,010,000)	[1]
Recoveries	42,085,000		43,264,000		39,622,000
Provision for loan losses	27,000,000		55,000,000		78,000,000	[2]
Ending Balance	232,448,000		253,809,000		276,963,000
Allowance - individually evaluated for impairment	63,628,000		77,334,000		75,160,000
Allowance - collectively evaluated for impairment	165,635,000		175,658,000		201,803,000
Allowance - purchased credit impaired loans	3,185,000		817,000
Individually evaluated for impairment	342,345,000		400,468,000		454,895,000
Collectively evaluated for impairment	15,846,431,000		14,941,780,000		16,253,687,000
Purchase credit impaired loans - recorded investment	41,390,000		46,826,000
Loans, net of unearned income	16,230,166,000		15,389,074,000		16,708,582,000
Commercial Financial And Industrial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	86,446,000		96,191,000		130,413,000
Charge-offs	(20,492,000)		(22,936,000)		(30,887,000)	[1]
Recoveries	9,666,000		12,487,000		11,151,000
Provision for loan losses	(8,609,000)		704,000		(14,486,000)	[2]
Ending Balance	67,011,000		86,446,000		96,191,000
Allowance - individually evaluated for impairment	5,173,000		14,295,000		17,799,000
Allowance - collectively evaluated for impairment	61,806,000		72,132,000		78,392,000
Allowance - purchased credit impaired loans	32,000		19,000
Individually evaluated for impairment	35,698,000		80,231,000		123,636,000
Collectively evaluated for impairment	8,966,512,000		7,836,250,000		8,673,320,000
Purchase credit impaired loans - recorded investment	5,076,000		7,095,000
Loans, net of unearned income	9,007,286,000		7,923,576,000		8,796,956,000
Commercial Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	10,603,000		19,997,000		55,586,000
Charge-offs	(3,741,000)		(3,502,000)		(19,977,000)	[1]
Recoveries	4,150,000		4,275,000		4,475,000
Provision for loan losses	7,562,000		(10,167,000)		(20,087,000)	[2]
Ending Balance	18,574,000		10,603,000		19,997,000
Allowance - individually evaluated for impairment	796,000		1,600,000		156,000
Allowance - collectively evaluated for impairment	14,702,000		8,218,000		19,841,000
Allowance - purchased credit impaired loans	3,076,000		785,000
Individually evaluated for impairment	19,430,000		27,812,000		49,517,000
Collectively evaluated for impairment	1,222,658,000		1,066,639,000		1,118,718,000
Purchase credit impaired loans - recorded investment	35,629,000		38,828,000
Loans, net of unearned income	1,277,717,000		1,133,279,000		1,168,235,000
Consumer Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	126,785,000		128,949,000		165,077,000
Charge-offs	(45,391,000)		(73,642,000)		(147,918,000)	[1]
Recoveries	22,824,000		21,360,000		17,770,000
Provision for loan losses	8,793,000		50,118,000		94,020,000	[2]
Ending Balance	113,011,000		126,785,000		128,949,000
Allowance - individually evaluated for impairment	40,778,000		44,173,000		35,289,000
Allowance - collectively evaluated for impairment	72,156,000		82,601,000		93,660,000
Allowance - purchased credit impaired loans	77,000		11,000
Individually evaluated for impairment	173,225,000		170,422,000		160,000,000
Collectively evaluated for impairment	4,874,171,000		5,162,060,000		5,528,703,000
Purchase credit impaired loans - recorded investment	675,000		889,000
Loans, net of unearned income	5,048,071,000	[3]	5,333,371,000	[3]	5,688,703,000
Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	22,491,000		24,928,000		26,194,000
Charge-offs	(5,891,000)		(9,934,000)		(13,604,000)	[1]
Recoveries	2,314,000		2,473,000		3,024,000
Provision for loan losses	208,000		5,024,000		9,314,000	[2]
Ending Balance	19,122,000		22,491,000		24,928,000
Allowance - individually evaluated for impairment	16,627,000		17,042,000		21,713,000
Allowance - collectively evaluated for impairment	2,495,000		5,449,000		3,215,000
Allowance - purchased credit impaired loans	0		0
Individually evaluated for impairment	113,459,000		121,458,000		120,924,000
Collectively evaluated for impairment	425,502,000		540,784,000		644,659,000
Purchase credit impaired loans - recorded investment	0		0
Loans, net of unearned income	538,961,000		662,242,000	[4]	765,583,000
Credit Card & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	7,484,000		6,898,000		7,081,000
Charge-offs	(14,931,000)		(11,404,000)		(12,624,000)	[1]
Recoveries	3,131,000		2,669,000		3,202,000
Provision for loan losses	19,046,000		9,321,000		9,239,000	[2]
Ending Balance	14,730,000		7,484,000		6,898,000
Allowance - individually evaluated for impairment	254,000		224,000		203,000
Allowance - collectively evaluated for impairment	14,476,000		7,258,000		6,695,000
Allowance - purchased credit impaired loans	0		2,000
Individually evaluated for impairment	533,000		545,000		818,000
Collectively evaluated for impairment	357,588,000		336,047,000		288,287,000
Purchase credit impaired loans - recorded investment	10,000		14,000
Loans, net of unearned income	$ 358,131,000		$ 336,606,000		$ 289,105,000

[1] 2012 includes approximately $33 million of charge-offs associated with discharged bankruptcies, largely included in the consumer real estate portfolio segment .

[2] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

[3] Balances as of December 31, 2014 and 2013, include $ 76.8 million and $ 333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.

[4] Balance as of December 31, 201 3, includes $ 11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

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Loans (Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance	$ 38,205	$ 46,009
Unpaid balance	49,941	64,129
Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance	5,044	7,077
Unpaid balance	5,813	9,169
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance	32,553	38,042
Unpaid balance	43,246	53,648
Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance	598	878
Unpaid balance	868	1,291
Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending balance	10	12
Unpaid balance	$ 14	$ 21

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Investment Securities (Schedule Of Amortized Cost And Fair Value By Contractual Maturity) (Details) - USD ($)	Dec. 31, 2014		Dec. 31, 2013
Schedule of Investments [Line Items]
Within 1 year, Amortized Cost	$ 1,755,000
After 1 year; within 5 years, Amortized Cost	1,600,000
After 5 years; within 10 years, Amortized Cost	0
After 10 years, Amortized Cost	8,705,000
Subtotal, Amortized Cost	12,060,000
Within 1 year, Fair Value	1,807,000
After 1 year; within 5 years, Fair Value	1,600,000
After 5 years; within 10 years, Fair Value	0
After 10 years, Fair Value	8,705,000
Subtotal, Fair Value	12,112,000
Securities available for sale, Amortized Cost	3,526,482,000	[1]	$ 3,416,283,000	[2]
Securities available for sale	3,556,613,000	[1]	3,398,457,000	[2]
HTM, Within 1 year, Amortized Cost	0
HTM, After 1 year; within 5 years, Amortized Cost	0
HTM, After 5 years; within 10 years, Amortized Cost	0
HTM, After 10 years, Amortized Cost	4,292,000
HTM Subtotal, Amortized Cost	4,292,000
HTM, Within 1 year, Fair Value	0
HTM, After 1 year; within 5 years, Fair Value	0
HTM, After 5 years; within 10 years, Fair Value	0
HTM, After 10 years, Fair Value	5,404,000
HTM Subtotal, Fair Value	5,404,000
Securities held to maturity, Amortized cost	4,292,000		0
Securities held to maturity, Fair Value	5,404,000
Government Agency Issued MBS And CMO
Schedule of Investments [Line Items]
Securities available for sale, Amortized Cost	3,332,238,000
Securities available for sale	3,362,431,000
Securities held to maturity, Amortized cost	0
Securities held to maturity, Fair Value	0
Equity and other
Schedule of Investments [Line Items]
Securities available for sale, Amortized Cost	182,184,000	[3]	226,376,000	[4]
Securities available for sale	182,070,000	[3]	$ 226,354,000	[4]
Securities held to maturity, Amortized cost	0
Securities held to maturity, Fair Value	$ 0

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market and cost method investments.

[4] Includes restricted investments in FHLB-Cincinnati stock of $ 128.0 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments.

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Other Income And Other Expense

12 Months Ended

Dec. 31, 2014

Other Income And Other Expense [Abstract]

Other Income And Other Expense

Note 14 – Other Income and Other Expense

Following is detail of All other income and commissions and All other expense as presented in the Consolidated Statements of Income:
(Dollars in thousands)	2014		2013		2012
All other income and commissions:
ATM interchange fees	$	10,943	$	10,412	$	10,528
Electronic banking fees		6,190		6,289		6,537
Letter of credit fees		4,864		5,081		5,158
Deferred compensation		2,042		4,685		4,461
Gain/(loss) on extinguishment of debt		(4,166)		-		-
Other		12,390		13,874		20,257
Total	$	32,263	$	40,341	$	46,941
All other expense:
Other insurance and taxes	$	12,900	$	12,598	$	10,734
Travel and entertainment		9,095		8,959		8,366
Customer relations		5,726		4,916		4,578
Employee training and dues		4,518		5,054		4,525
Supplies		3,745		3,800		3,752
Miscellaneous loan costs		2,690		4,209		4,126
Tax credit investments		2,087		2,021		4,478
Litigation and regulatory matters		(2,720)		63,654		33,313
Other		41,952		32,579		41,195
Total	$	79,993	$	137,790	$	115,067
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

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Derivatives (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jan. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Collateral cash receivables	$ 91,700,000	$ 115,200,000
Collateral cash payables	55,600,000	80,600,000
Total trading revenues	170,300,000	231,900,000
Other Long-term Debt	1,880,105,000	1,739,859,000
Hedged amount of foreign currency denominated loans	4,900,000	600,000
Borrowings matured			$ 304,000,000
Visa Class B Shares [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities related to sale	5,200,000	2,900,000
Parent Company [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Long-term Debt	720,832,000	708,598,000
Hedged held-to-maturity trust preferred loans principal balance	6,500,000	6,500,000
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Shortcut Method [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging	15,300,000	40,200,000
Other Long-term Debt	554,000,000	554,000,000
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging	9,100,000	18,000,000
Other Long-term Debt	500,000,000	500,000,000
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member] | First Tennessee Bank National Association [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging	400,000
Other Long-term Debt	400,000,000
Subordinated Debentures Subject To Mandatory Redemption Amounts Redeemed [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging subordinated debt	3,900,000	24,900,000
Other Long-term Debt	200,000,000	200,000,000
Hedge Of Held To Maturity Trust Preferred Loans [Member] | Parent Company [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging subordinated debt	700,000	1,100,000
Additional Derivative Agreements [Member] | Derivative Instruments With Accelerated Termination Provisions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Collateral received	172,100,000	196,400,000
Securities posted collateral	26,600,000	39,400,000
Net fair value of derivative assets with adjustable posting thresholds	100,500,000	119,000,000
Net fair value of derivative liabilities with adjustable posting thresholds	19,700,000	30,100,000
Additional Derivative Agreements [Member] | Derivative Instruments With Adjustable Collateral Posting Thresholds [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Collateral received	172,100,000	196,400,000
Securities posted collateral	83,000,000	105,900,000
Net fair value of derivative assets with adjustable posting thresholds	100,500,000	119,000,000
Net fair value of derivative liabilities with adjustable posting thresholds	$ 80,500,000	$ 100,300,000

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Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Long Term Debt [Abstract]

Schedule Of Information Pertaining To 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)		2014		2013
First Tennessee Bank National Association:
Subordinated notes (a) (b)
Maturity date - January 15, 2015 -- 5.05%	$	304,525	$	317,714
Maturity date - April 1, 2016 -- 5.65%		264,667		276,273
Senior capital notes (b)
Maturity date - December 1, 2019 -- 2.95%		398,011		-
Other collateralized borrowings -- Maturity date - December 22, 2037
0.54% on December 31, 2014 and 2013 (c)		62,562		60,223
Federal Home Loan Bank borrowings (d)		-		2,390
First Horizon National Corporation:
Senior capital notes (b)
Maturity date - December 15, 2015 -- 5.375%		508,358		516,584
Subordinated notes (b)
Maturity date - April 15, 2034 -- 6.30%		212,474		192,014
FT Real Estate Securities Company, Inc.:
Cumulative preferred stock (a)
Maturity date - March 31, 2031 -- 9.50%		45,896		45,828
First Horizon ABS Trusts:
Other collateralized borrowings (e)
Maturity date - October 26, 2026
0.30% on December 31, 2013 (f)		-		98,631
Maturity date - September 25, 2029
0.30% on December 31, 2013 (f)		-		122,562
Maturity date - September 1, 2032
6.45% on December 31, 2013 (f)		-		8,783
Maturity date - October 25, 2034
0.33% on December 31, 2014 and 2013		65,612		80,857
First Tennessee New Markets Corporation Investments:
Maturity date - October 25, 2018 -- 4.97%		7,301		7,301
Maturity date - February 1, 2033 -- 4.97%		8,000		8,000
Maturity date - August 08, 2036 -- 2.38%		2,699		2,699
Total	$	1,880,105	$	1,739,859

• A portion qualifies for total capital under the risk-based capital guidelines.
• Changes in the fair value of debt attributable to interest rate risk is hedged. Refer to Note 23 – Derivatives.
• Secured by trust preferred loans.
• The Federal Home Loan Bank borrowings were issued with fixed interest rates and had remaining terms of 1 to 16 years at December, 31 2013. These borrowings had weighted average interest rate of 2.41 percent on December 31, 2013.
• On December 31, 2014 and 2013, borrowings secured by $76.8 million and $344.9 million, respectively, of residential real estate loans.
• In 2014, FHN resolved three previously consolidated on-balance sheet consumer loan securitizations and the collateralized borrowings were extinguished.

Schedule Of Annual Principal Repayment Requirements

Annual principal repayment requirements as of December 31, 2014 are as follows:
(Dollars in thousands)
2015	$	804,000
2016		250,000
2017		-
2018		7,301
2019		400,000
2020 and after		392,058

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Fair Value Of Assets And Liabilities (Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings) (Details) - Mortgage Banking Noninterest Income - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loans Held-For-Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Changes in fair value included in net income	$ 52,494,000	$ (4,387,000)	$ (2,618,000)
Other Short-Term Borrowings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Changes in fair value included in net income	$ 0	$ (3,000)	$ 3,677,000

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Investment Securities (Tables)

12 Months Ended

Dec. 31, 2014

Investment Securities [Abstract]

Schedule Of FHN's Investment Securities

The following tables summarize FHN’s investment securities on December 31, 2014 and 2013:
	December 31, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale ("AFS"):
U.S. treasuries	$	100	$	-	$	-	$	100
Government agency issued mortgage-backed securities ("MBS")		716,618		35,287		(740)		751,165
Government agency issued collateralized mortgage obligations ("CMO")		2,615,620		22,026		(26,380)		2,611,266
Other U.S. government agencies		1,755		52		-		1,807
States and municipalities		10,205		-		-		10,205
Equity and other (a)		182,184		-		(114)		182,070
Total securities available-for-sale (b)	$	3,526,482	$	57,365	$	(27,234)	$	3,556,613
Securities held-to-maturity ("HTM"):
States and municipalities	$	4,292	$	1,112	$	-	$	5,404
Total securities held-to-maturity	$	4,292	$	1,112	$	-	$	5,404

• Includes restricted investments in FHLB-Cincinnati stock of $87.9million and FRB stock of $66.0million. The remainder is money market and cost method investments.
• Includes $3.3billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	December 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale:
U.S. treasuries	$	39,997	$	-	$	(1)	$	39,996
Government agency issued MBS		796,835		32,353		(5,499)		823,689
Government agency issued CMO		2,335,718		12,399		(57,180)		2,290,937
Other U.S. government agencies		2,202		124		-		2,326
States and municipalities		15,155		-		-		15,155
Equity and other (a)		226,376		-		(22)		226,354
Total securities available-for-sale (b)	$	3,416,283	$	44,876	$	(62,702)	$	3,398,457

• Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0million. The remainder is money market, venture capital, and cost method investments.
• Includes $3.1 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 securities portfolios on December 31, 2014, are provided below:
		Held-to-Maturity				Available-for-Sale
		Amortized		Fair		Amortized		Fair
(Dollars in thousands)		Cost		Value		Cost		Value
Within 1 year		$	-	$	-	$	1,755	$	1,807
After 1 year; within 5 years			-		-		1,600		1,600
After 5 years; within 10 years			-		-		-		-
After 10 years			4,292		5,404		8,705		8,705
	Subtotal		4,292		5,404		12,060		12,112
Government agency issued MBS and CMO			-		-		3,332,238		3,362,431
Equity and other			-		-		182,184		182,070
Total		$	4,292	$	5,404	$	3,526,482	$	3,556,613

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 investment securities for the twelve months ended December 31:
	Available-for-Sale
(Dollars in thousands)	2014		2013		2012
Gross gains on sales of securities	$	5,867	$	4,078	$	5,433
Gross (losses) on sales of securities		-		(1,193)		-
Net gain/(loss) on sales of securities (a)	$	5,867	$	2,885	$	5,433
Venture capital investments (b)		(2,995)		-		(4,700)
Net OTTI recorded (c)		-		(1,125)		(40)
Total securities gain/(loss), net	$	2,872	$	1,760	$	693

• Proceeds from sales during 2014 were $9.2 million, inclusive of $1.4 million of equity securities. Proceeds from sales during 2013 and 2012 were $63.8 million and $47.5 million, respectively.
• Includes losses on sales, write-offs and /or unrealized fair value adjustments related to venture capital investments.
• OTTI recorded in 2013 and 2012 is related to equity securities.

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 December 31, 2014 and 2013:
	As of December 31, 2014
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	179,661	$	(869)	$	964,267	$	(25,511)	$	1,143,928	$	(26,380)
Government agency issued MBS		32,141		(8)		35,849		(732)		67,990		(740)
Total debt securities		211,802		(877)		1,000,116		(26,243)		1,211,918		(27,120)
Equity		967		(80)		9		(34)		976		(114)
Total temporarily impaired securities	$	212,769	$	(957)	$	1,000,125	$	(26,277)	$	1,212,894	$	(27,234)

	As of December 31, 2013
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	1,639,254	$	(57,117)	$	10,010	$	(63)	$	1,649,264	$	(57,180)
Government agency issued MBS		147,792		(5,499)		-		-		147,792		(5,499)
U.S. treasuries		24,997		(1)		-		-		24,997		(1)
Total debt securities		1,812,043		(62,617)		10,010		(63)		1,822,053		(62,680)
Equity		43		(22)		-		-		43		(22)
Total temporarily impaired securities	$	1,812,086	$	(62,639)	$	10,010	$	(63)	$	1,822,096	$	(62,702)

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Loans (Schedule Of Loans By Portfolio Segment) (Details) - USD ($)	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 16,230,166,000		$ 15,389,074,000		$ 16,708,582,000
Allowance for loan losses	232,448,000		253,809,000		276,963,000	$ 384,351,000
Total net loans	15,997,718,000		15,135,265,000
Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	9,007,286,000		7,923,576,000		8,796,956,000
Allowance for loan losses	67,011,000		86,446,000		96,191,000	130,413,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,277,717,000		1,133,279,000		1,168,235,000
Allowance for loan losses	18,574,000		10,603,000		19,997,000	55,586,000
Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,048,071,000	[1]	5,333,371,000	[1]	5,688,703,000
Allowance for loan losses	113,011,000		126,785,000		128,949,000	165,077,000
Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	538,961,000		662,242,000	[2]	765,583,000
Allowance for loan losses	19,122,000		22,491,000		24,928,000	26,194,000
Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	358,131,000		336,606,000		289,105,000
Allowance for loan losses	14,730,000		7,484,000		$ 6,898,000	$ 7,081,000
Restricted And Secured Consumer Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 76,800,000		333,800,000
Restricted And Secured Permanent Mortgage Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income			$ 11,200,000

[1] Balances as of December 31, 2014 and 2013, include $ 76.8 million and $ 333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.

[2] Balance as of December 31, 201 3, includes $ 11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

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Time Depoist Maturities (Schedule of Time Deposits Included in Interest-Bearing Deposits) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Maturities Of Time Deposits [Abstract]
2015	$ 860,822,000
2016	137,356,000
2017	98,508,000
2018	82,457,000
2019	52,733,000
2020 and after	45,062,000
Total	1,276,938,000
Total certificates of deposit $100,000 and more	$ 445,272,000	$ 553,957,000

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Restructuring, Repositioning, And Efficiency

12 Months Ended

Dec. 31, 2014

Restructuring And Related Activities [Abstract]

Restructuring, Repositioning, And Efficiency

Note 26 – Restructuring, Repositioning, and Efficiency

Beginning in 2007, FHN conducted a company-wide review of business practices with the goal of improving its overall profitability and productivity. Such reviews continue throughout the organization. Since 2007, in order to redeploy capital to higher-return businesses, FHN exited or sold non-strategic businesses, eliminated layers of management, and consolidated functional areas.

Generally, restructuring, repositioning, and efficiency charges related to exited businesses are included in the non-strategic segment while charges related to corporate-driven actions are included in the corporate segment. Net charges recognized by FHN in 2014 related to restructuring, repositioning, and efficiency activities were $7.0 million. Of this amount, $7.3 million represent exit costs that were accounted for in accordance with the Exit of Disposal Cost Obligations Topic of the FASB Accounting Standards Codification (“ASC 420”). Significant expenses recognized in 2014 resulted from the following actions:

• Severance and other employee costs of $2.6 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.
• Lease abandonment expenses of $4.7 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Occupancy within noninterest expense.

Net charges recognized by FHN in 2013 related to restructuring, repositioning, and efficiency activities were $5.3 million.Of this amount, $3.8 million represent exit costs that were accounted for in accordance with ASC 420. Significant expenses recognized in 2013 resulted from the following actions:

• Severance and other employee costs of $3.7 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.
• Expense of $2.2 million related to estimated costs for obligations associated with a definitive agreement to sell substantially all remaining legacy mortgage servicing which is reflected in Mortgage banking income.

During 2012 FHN recognized a net cost of $24.9 million related to restructuring, repositioning, and efficiency activities. Of this amount, $23.1 million represent exit costs that were accounted for in accordance with ASC 420. Significant expenses recognized in 2012 resulted from the following actions:

• Severance and other employee costs of $22.9 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.
• Expense of $2.6 million related to prior servicing sales which is reflected in Mortgage banking income.

Settlement of the obligations arising from current initiatives will be funded from operating cash flows. The effect of suspending depreciation on assets held-for-sale was immaterial to FHN’s results of operations for all periods. Due to the broad nature of the actions being taken, substantially all components of expense have benefited from past efficiency initiatives and are expected to benefit from the current efficiency initiatives.

Activity in the restructuring and repositioning liability for the years ended December 31, 2014, 2013, and 2012 is presented in the following table, along with other restructuring and repositioning expenses recognized.
		2014				2013				2012
(Dollars in thousands)		Expense		Liability		Expense		Liability		Expense		Liability
Beginning balance				$	3,126			$	19,775			$	12,026
Severance and other employee related costs		$	2,641		2,641	$	3,691		3,691	$	22,897		22,897
Facility consolidation costs			4,696		4,696		131		131		46		46
Other exit costs, professional fees, and other			-		-		-		-		111		111
Total accrued			7,337		10,463		3,822		23,597		23,054		35,080
Payments related to:
	Severance and other employee related costs				2,678				19,051				12,138
	Facility consolidation costs				1,067				677				1,884
	Other exit costs, professional fees, and other				-				-				15
Accrual reversals					30				743				1,268
	Restructuring and repositioning reserve balance			$	6,688			$	3,126			$	19,775
Other restructuring and repositioning expense:
	Mortgage banking expense on servicing sales		(553)				2,192				2,635
	(Gains)/losses on divestitures		-				(1,000)				(865)
	Impairment of premises and equipment		222				385				22
	Impairment of other assets		-				-				12
	Other		-				(96)				-
	Total other restructuring and repositioning expense		(331)				1,481				1,804
Total restructuring and repositioning charges		$	7,006			$	5,303			$	24,858

FHN began initiatives related to restructuring in second quarter 2007. The following table presents cumulative amounts incurred to date through December 31, 2014, for costs associated with FHN’s restructuring, repositioning, and efficiency initiatives:
(Dollars in thousands)		Total Expense
Severance and other employee related costs			$	107,025
Facility consolidation costs				45,523
Other exit costs, professional fees, and other				19,165
Other restructuring and repositioning expense:
	Loan portfolio divestiture			7,672
	Mortgage banking expense on servicing sales			25,449
	(Gains)/losses on divestitures			(718)
	Impairment of premises and equipment			23,004
	Impairment of intangible assets			48,231
	Impairment of other assets			40,504
	Other			7,478
Total restructuring and repositioning charges incurred to date as of December 31, 2014			$	323,333

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Other Income And Other Expense (Tables)

12 Months Ended

Dec. 31, 2014

Other Income And Other Expense [Abstract]

Other Income And Other Expense

Following is detail of All other income and commissions and All other expense as presented in the Consolidated Statements of Income:
(Dollars in thousands)	2014		2013		2012
All other income and commissions:
ATM interchange fees	$	10,943	$	10,412	$	10,528
Electronic banking fees		6,190		6,289		6,537
Letter of credit fees		4,864		5,081		5,158
Deferred compensation		2,042		4,685		4,461
Gain/(loss) on extinguishment of debt		(4,166)		-		-
Other		12,390		13,874		20,257
Total	$	32,263	$	40,341	$	46,941
All other expense:
Other insurance and taxes	$	12,900	$	12,598	$	10,734
Travel and entertainment		9,095		8,959		8,366
Customer relations		5,726		4,916		4,578
Employee training and dues		4,518		5,054		4,525
Supplies		3,745		3,800		3,752
Miscellaneous loan costs		2,690		4,209		4,126
Tax credit investments		2,087		2,021		4,478
Litigation and regulatory matters		(2,720)		63,654		33,313
Other		41,952		32,579		41,195
Total	$	79,993	$	137,790	$	115,067
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

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Financial Information (Schedule of Accounting Changes) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
New Accounting Pronouncement or Change in
Other assets	$ 1,383,055,000	$ 1,680,044,000
Other liabilities	649,359,000	610,932,000
Undivided profits	851,585,000	682,833,000
Other expense	79,993,000	137,790,000	$ 115,067,000
Provision/(benefit) for income taxes	84,185,000	(19,389,000)	(72,028,000)
Net income/(loss) available to common shareholders	$ 216,319,000	$ 21,066,000	$ (26,816,000)
Diluted income/(loss) per share	$ 0.91	$ 0.09	$ (0.11)
Accounting Standards Update 2014-01 [Member]
New Accounting Pronouncement or Change in
Other assets	$ (4,700,000)	$ (5,340,000)
Other liabilities	4,678,000	7,034,000
Undivided profits	(9,378,000)	(12,374,000)
Other expense	(8,680,000)	(10,082,000)	$ (14,177,000)
Provision/(benefit) for income taxes	5,684,000	12,780,000	13,234,000
Net income/(loss) available to common shareholders	$ 2,996,000	$ (2,698,000)	$ 943,000
Diluted income/(loss) per share	$ 0.01	$ (0.01)	$ 0

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Restructuring, Repositioning, And Efficiency (Narrative) (Details) - USD ($)	12 Months Ended			93 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Restructuring And Related Activities [Abstract]
Net costs (income) recognized, related to restructuring, repositioning, and efficiency activities	$ 7,000,000	$ 5,300,000	$ 24,900,000
Exit costs	7,300,000	3,800,000	23,100,000
Severance and other employee costs	2,641,000	3,691,000	22,897,000	$ 107,025,000
Lease abandonment expense	4,696,000	131,000	46,000	45,523,000
Mortgage banking (income)/ expense on servicing sales	$ (553,000)	$ 2,192,000	$ 2,635,000	$ 25,449,000

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Income Taxes (Schedule Of Computation Of Income Tax Expense Differed From The Amounts Computed By Applying Of Statutory Federal Income Tax Rate To Income/(Loss) Before Income Taxes)(Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Federal income tax rate	35.00%	35.00%	35.00%
Tax computed at statutory rate	$ 111,381,000	$ 6,451,000	$ (30,635,000)
Increase/(decrease) resulting from:
State income taxes	8,786,000	(2,138,000)	(3,587,000)
Bank owned life insurance ("BOLI")	(6,671,000)	(6,646,000)	(7,428,000)
401(k) - employee stock ownership plan ("ESOP")	(659,000)	(568,000)	(155,000)
Tax-exempt interest	(5,798,000)	(5,094,000)	(4,469,000)
Non-deductible expenses	829,000	963,000	1,175,000
LIHTC qualifying investments	2,284,000	8,834,000	7,625,000
Tax credits	(11,392,000)	(13,340,000)	(18,125,000)
Subsidiary liquidations	0	0	(6,733,000)
Change in valuation allowance - DTA	(13,168,000)	(4,427,000)	0
Other changes in unrecognized tax benefits	(1,570,000)	(5,106,000)	(8,981,000)
Other	163,000	1,682,000	(715,000)
Total income tax expense/(benefit)	$ 84,185,000	$ (19,389,000)	$ (72,028,000)

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Fair Value Of Assets And Liabilities (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		$ 1,194,391,000		$ 801,718,000
Loans held-for-sale		27,910,000		230,456,000
Securities available for sale		3,556,613,000	[1]	3,398,457,000	[2]
Total MSR recognized by FHN		2,517,000		72,793,000		$ 114,311,000
Total other assets		159,753,000		205,746,000
Total assets		4,785,378,000		4,510,375,000
Total other liabilities		119,239,000		154,280,000
Total liabilities		713,554,000		522,628,000
Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		3,400,807,000		3,199,662,000
Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale		0		0
Securities available for sale		26,264,000		23,259,000
Total MSR recognized by FHN		0		0
Total other assets		28,010,000		26,900,000
Total assets		54,274,000		50,159,000
Total other liabilities		2,035,000		4,343,000
Total liabilities		2,035,000		4,343,000
Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale		0		0
Securities available for sale		3,371,236,000		3,168,277,000
Total MSR recognized by FHN		0		0
Total other assets		131,743,000		178,846,000
Total assets		4,691,728,000		4,141,641,000
Total other liabilities		111,964,000		147,022,000
Total liabilities		706,279,000		515,370,000
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale		27,910,000		230,456,000
Securities available for sale		3,307,000		8,126,000
Total MSR recognized by FHN	[3]	2,517,000		72,793,000
Total other assets		0		0
Total assets		39,376,000		318,575,000
Total other liabilities		5,240,000		2,915,000
Total liabilities		5,240,000		2,915,000
U.S. treasuries
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		100,000		39,996,000
U.S. treasuries | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
U.S. treasuries | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		100,000		39,996,000
U.S. treasuries | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Government Agency Issued Mortgage-Backed Securities ("MBS")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		751,165,000		823,689,000
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		751,165,000		823,689,000
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		2,611,266,000		2,290,937,000
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		2,611,266,000		2,290,937,000
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Other U.S. Government Agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		1,807,000		2,326,000
Other U.S. Government Agencies | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Other U.S. Government Agencies | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Other U.S. Government Agencies | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		1,807,000		2,326,000
States And Municipalities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		10,205,000		15,155,000
States And Municipalities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
States And Municipalities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		8,705,000		13,655,000
States And Municipalities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		1,500,000		1,500,000
Trading Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		15,088,000
Trading Loans | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0
Trading Loans | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		15,088,000
Trading Loans | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0
Venture Capital Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				4,300,000
Venture Capital Investments | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				0
Venture Capital Investments | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				0
Venture Capital Investments | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				4,300,000
Equity, Mutual Funds, And Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		26,264,000		23,259,000
Equity, Mutual Funds, And Other | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		26,264,000		23,259,000
Equity, Mutual Funds, And Other | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Equity, Mutual Funds, And Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale		0		0
Deferred Compensation Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		25,665,000		23,880,000
Deferred Compensation Assets | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		25,665,000		23,880,000
Deferred Compensation Assets | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0		0
Deferred Compensation Assets | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0		0
Derivatives, Forwards And Futures
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		2,345,000		3,020,000
Total other liabilities		2,035,000		4,343,000
Derivatives, Forwards And Futures | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		2,345,000		3,020,000
Total other liabilities		2,035,000		4,343,000
Derivatives, Forwards And Futures | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0		0
Total other liabilities		0		0
Derivatives, Forwards And Futures | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0		0
Total other liabilities		0		0
Derivatives, Interest Rate Contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		131,631,000		178,846,000
Total other liabilities		111,964,000		147,021,000
Derivatives, Interest Rate Contracts | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0		0
Total other liabilities		0		0
Derivatives, Interest Rate Contracts | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		131,631,000		178,846,000
Total other liabilities		111,964,000		147,021,000
Derivatives, Interest Rate Contracts | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0		0
Total other liabilities		0		0
Derivatives, Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		112,000
Total other liabilities		5,240,000		2,916,000
Derivatives, Other | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0
Total other liabilities		0		0
Derivatives, Other | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		112,000
Total other liabilities		0		1,000
Derivatives, Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets		0
Total other liabilities		5,240,000		2,915,000
Capital Markets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		1,188,754,000		794,523,000
Total trading liabilities - capital markets		594,315,000		368,348,000
Capital Markets | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets		0		0
Capital Markets | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		1,188,749,000		794,518,000
Total trading liabilities - capital markets		594,315,000		368,348,000
Capital Markets | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		5,000		5,000
Total trading liabilities - capital markets		0		0
Capital Markets | U.S. treasuries
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		115,908,000		70,472,000
Total trading liabilities - capital markets		286,016,000		210,096,000
Capital Markets | U.S. treasuries | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets		0		0
Capital Markets | U.S. treasuries | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		115,908,000		70,472,000
Total trading liabilities - capital markets		286,016,000		210,096,000
Capital Markets | U.S. treasuries | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets		0		0
Capital Markets | Government Agency Issued Mortgage-Backed Securities ("MBS")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		330,443,000		231,398,000
Total trading liabilities - capital markets				854,000
Capital Markets | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets				0
Capital Markets | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		330,443,000		231,398,000
Total trading liabilities - capital markets				854,000
Capital Markets | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets				0
Capital Markets | Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		188,632,000		55,515,000
Capital Markets | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Capital Markets | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		188,632,000		55,515,000
Capital Markets | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Capital Markets | Other U.S. Government Agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		127,263,000		108,265,000
Total trading liabilities - capital markets		1,958,000		3,900,000
Capital Markets | Other U.S. Government Agencies | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets		0		0
Capital Markets | Other U.S. Government Agencies | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		127,263,000		108,265,000
Total trading liabilities - capital markets		1,958,000		3,900,000
Capital Markets | Other U.S. Government Agencies | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets		0		0
Capital Markets | States And Municipalities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		54,647,000		30,814,000
Capital Markets | States And Municipalities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Capital Markets | States And Municipalities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		54,647,000		30,814,000
Capital Markets | States And Municipalities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Capital Markets | Trading Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		15,088,000
Capital Markets | Trading Loans | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0
Capital Markets | Trading Loans | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		15,088,000
Capital Markets | Trading Loans | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0
Capital Markets | Corporate And Other Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		354,183,000		297,445,000
Total trading liabilities - capital markets		306,341,000		153,498,000
Capital Markets | Corporate And Other Debt | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Total trading liabilities - capital markets		0		0
Capital Markets | Corporate And Other Debt | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		354,178,000		297,440,000
Total trading liabilities - capital markets		306,341,000		153,498,000
Capital Markets | Corporate And Other Debt | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		5,000		5,000
Total trading liabilities - capital markets		0		0
Capital Markets | Equity, Mutual Funds, And Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		2,590,000		614,000
Capital Markets | Equity, Mutual Funds, And Other | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Capital Markets | Equity, Mutual Funds, And Other | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		2,590,000		614,000
Capital Markets | Equity, Mutual Funds, And Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		5,637,000		7,195,000
Mortgage Banking | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		5,637,000	[3]	7,195,000
Mortgage Banking | Certificated Principal Only
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		4,137,000		5,110,000
Mortgage Banking | Certificated Principal Only | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking | Certificated Principal Only | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking | Certificated Principal Only | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		4,137,000		5,110,000
Mortgage Banking | Interest Only Trading Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		167,000		2,085,000
Mortgage Banking | Interest Only Trading Securities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking | Interest Only Trading Securities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0		0
Mortgage Banking | Interest Only Trading Securities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		167,000		$ 2,085,000
Mortgage Banking | Subordinated Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		1,333,000
Mortgage Banking | Subordinated Bonds | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0
Mortgage Banking | Subordinated Bonds | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		0
Mortgage Banking | Subordinated Bonds | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities		$ 1,333,000

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.

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Derivatives (Tables)

12 Months Ended

Dec. 31, 2014

Derivatives [Abstract]

Derivatives Associated With Capital Markets Trading Activities

The following tables summarize FHN’s derivatives associated with capital markets trading activities as of December 31, 2014 and 2013:
	December 31, 2014
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,754,939		$	76,614		$	3,681
Offsetting Upstream Interest Rate Contracts		1,754,939			3,681			76,614
Option Contracts Purchased		15,000			12			-
Forwards and Futures Purchased		884,439			1,383			459
Forwards and Futures Sold		1,175,667			962			1,576

	December 31, 2013
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,786,532		$	76,980		$	11,214
Offsetting Upstream Interest Rate Contracts		1,786,532			11,214			76,980
Option Contracts Purchased		5,000			9			-
Forwards and Futures Purchased		1,278,331			2,489			824
Forwards and Futures Sold		1,445,656			531			3,519

Derivatives Associated With Interest Rate Risk Management Activities

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the years ended December 31, 2014 and 2013:
										Gains/(Losses)
(Dollars in thousands)		Notional		Assets			Liabilities			December 31, 2014
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	664,345		$	26,084	$	430			$	577
	Offsetting Upstream Interest Rate Contracts (a)		664,345			430		26,584				(577)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,654,000		$	24,811	$	3,910			$	(12,126)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,654,000	(c)		$	12,272	(d)

										Gains/(Losses)
(Dollars in thousands)		Notional		Assets			Liabilities			December 31, 2013
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	759,830		$	28,747	$	3,670			$	(30,057)
	Offsetting Upstream Interest Rate Contracts (a)		776,236			3,670		29,247				30,547
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,254,000		$	58,226	$	24,904			$	(61,853)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,254,000	(c)		$	61,853	(d)

• Gains/losses included in the Other expense section of the ConsolidatedStatements of Income.
• Gains/losses included in the All other income and commissions section of the Consolidated Statements of Income.
• Represents par value of term borrowings being hedged.
• Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

Schedule Of Derivative Activities Associated With Trust Preferred Loans

The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the years ended December 31, 2014 and 2013:

Gains/(Losses)

(Dollars in thousands)

Notional

Assets

Liabilities

December 31, 2014

Loan Portfolio Hedging

Hedging Instruments:

Interest Rate Swaps

$

6,500

N/A

$

744

$

262

Hedged Items:

Trust Preferred Loans (a)

N/A

$

6,500

(b)

N/A

$

(259)

(c)

Gains/(Losses)

(Dollars in thousands)

Notional

Assets

Liabilities

December 31, 2013

Loan Portfolio Hedging

Hedging Instruments:

Interest Rate Swaps

$

6,500

N/A

$

1,006

$

1,037

Hedged Items:

Trust Preferred Loans (a)

N/A

$

6,500

(b)

N/A

$

(1,032)

(c)

• Assets included in the Loans, net of unearned income section of the ConsolidatedStatements of Condition.
• Represents principal balance being hedged.
• Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

Derivatives Associated With Legacy Mortgage Servicing Activities

The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities as of and for the year ended December 31, 2013:
										Gains/(Losses)
(Dollars in thousands)		Notional		Assets			Liabilities			December 31, 2013
Retained Interests Hedging
Hedging Instruments:
	Forwards and Futures	$	-		$	-		$	-		$	(3,047)
	Interest Rate Swaps and Swaptions		-			-			-			(4,275)
Hedged Items:
	Mortgage Servicing Rights		N/A		$	70,492			N/A		$	21,591
	Other Retained Interests		N/A			7,195			N/A			3,813

Derivative Assets And Collateral Received

The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Statements of Condition as of December 31:
								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Derivative
	Gross amounts		offset in the		assets presented		liabilities
	of recognized		Statement of		in the Statement		available for		Collateral
(Dollars in thousands)	assets		Condition		of Condition (a)		offset		Received		Net amount
Derivative assets:
2014 (b)	$	131,731	$	-	$	131,731	$	(15,768)	$	(114,230)	$	1,733
2013 (b)		178,837		-		178,837		(68,216)		(110,621)		-

• Included in Derivative Assets on the Consolidated Statements of Condition. As of December 31, 2014 and 2013, $2.4 million and $3.0 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
• 2014 and 2013are comprised entirely of interest rate derivative contracts.

Derivative Liabilities and Collateral Pledged

The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Statements of Condition as of December 31:
									Gross amounts not offset in the
									Statement of Condition
			Gross amounts			Net amounts of
	Gross amounts		offset in the		liabilities presented			Derivative
	of recognized		Statement of			in the Statement		assets available		Collateral
(Dollars in thousands)	liabilities		Condition			of Condition (a)		for offset		pledged		Net amount
Derivative liabilities:
2014 (b)	$	111,963	$	-		$	111,963	$	(15,768)	$	(78,390)	$	17,805
2013 (b)		147,021		-			147,021		(68,216)		(59,999)		18,806

• Included in Derivative Liabilities on the Consolidated Statements of Condition. As of December 31, 2014 and 2013, $7.3 million of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
• 2014 and 2013 are comprised entirely of interest rate derivative contracts.

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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements

The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Statements of Condition:
(Dollars in thousands)	Goodwill		Other Intangible Assets (a)
December 31, 2011	$	133,659	$	26,243
Amortization expense		-		(3,910)
Additions		583		367
December 31, 2012	$	134,242	$	22,700
Amortization expense		-		(3,912)
Additions (b)		7,701		3,200
December 31, 2013	$	141,943	$	21,988
Amortization expense		-		(4,170)
Additions (b)		3,989		11,700
December 31, 2014	$	145,932	$	29,518

• Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.
• See Note 2 - Acquisitions & Divestures for further details regarding goodwill related to acquisitions.

Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments

The following is a summary of gross goodwill and accumulated impairment losses and write-offs detailed by reportable segments included in the Consolidated Statements of Condition through December 31, 2014. Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning on January 1, 2002, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized.
					Regional		Capital
(Dollars in thousands)			Non-Strategic		Banking		Markets		Total
Gross goodwill			$	199,995	$	36,238	$	97,421	$	333,654
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2011			$	-	$	36,238	$	97,421	$	133,659
		Additions		-		-		583		583
		Impairments		-		-		-		-
		Divestitures		-		-		-		-
	Net change in goodwill during 2012			-		-		583		583
Gross goodwill			$	199,995	$	36,238	$	98,004	$	334,237
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2012			$	-	$	36,238	$	98,004	$	134,242
		Additions		-		7,701		-		7,701
		Impairments		-		-		-		-
		Divestitures		-		-		-		-
	Net change in goodwill during 2013			-		7,701		-		7,701
Gross goodwill			$	199,995	$	43,939	$	98,004	$	341,938
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2013			$	-	$	43,939	$	98,004	$	141,943
		Additions		-		3,989		-		3,989
		Impairments		-		-		-		-
		Divestitures		-		-		-		-
	Net change in goodwill during 2014			-		3,989		-		3,989
Gross goodwill			$	199,995	$	47,928	$	98,004	$	345,927
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2014			$	-	$	47,928	$	98,004	$	145,932

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Consolidated Statements Of Equity (Parenthetical) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Common stock - cash dividends declared per share		$ 0.2	$ 0.2	$ 0.04
Common stock repurchased	[1]	$ 43,579,000	$ 91,448,000	$ 133,757,000
Preferred Stock Shares Issued		1,000	1,000
Preferred Stock Liquidation Preference		$ 100,000	$ 100,000
Preferred Stock Dividends Per Share Declared		$ 6,200	$ 5,838
Common Stock [Member]
Common stock repurchased	[1]	$ 2,221,000	$ 5,223,000	9,064,000
Common Stock [Member] | Stock Repurchase Authorization [Member]
Common stock repurchased		$ 38,500,000	$ 87,600,000	$ 131,000,000

[1] 2014 includes $38.5 million repurchased under the share repurchase program launched in 2014. 2013 and 2012 include $87.6 million, and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

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Variable Interest Entities (Schedule Of Cash Flows Related To Loan Sales And Securitizations) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Proceeds from initial sales	$ 10,843
Servicing fees retained	43,563	[1]
Purchases of GNMA guaranteed mortgages	97,684
Purchases of previously transferred financial assets	287,576	[2],[3]
Other cash flows received on retained interests	5,482
Fhn [Member]
Purchases of previously transferred financial assets	$ 74,700

[1] I nclude d servicing fees on MSR associated w ith loan sales and purchased MSR .

[2] 2013 includes $ 74.7 million of cash paid related to clean-up calls exercised by FHN.

[3] Include d repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losse s incurred by purchaser. Also included buyouts from GSEs in order to facilitate foreclosures .

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Earnings Per Share (Schedule Of Reconciliation Of Weighted Average Common Shares To Diluted Average Common Shares) (Details) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Weighted average common shares outstanding - basic	234,997,000	237,972,000	248,349,000
Effect of dilutive securities	1,738,000	1,822,000	0
Weighted average common shares outstanding - diluted	236,735,000	239,794,000	248,349,000

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Master Netting And Similar Agreements (Tables)

12 Months Ended

Dec. 31, 2014

Master Netting And Similar Agreements [Abstract]

Securities Purchased Under Agreements To Resell And Collateral Pledged By Counterparties [Table Text Block]

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Statements of Condition and collateral pledged by counterparties as of December 31:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting		Securities collateral
	Gross amounts		offset in the		assets presented		securities sold		(not recognized on
	of recognized		Statement of		in the Statement		under agreements		FHN's Statement
(Dollars in thousands)	assets		Condition		of Condition		to repurchase		of Condition)		Net amount
Securities purchased under agreements to resell:
2014	$	659,154	$	-	$	659,154	$	(48,655)	$	(602,403)	$	8,096
2013		412,614		-		412,614		(8,672)		(396,855)		7,087

Securities Sold Under Agreements To Repurchase And Collateral Pledged By Company [Table Text Block]

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Statements of Condition and collateral pledged by FHN as of December 31:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting
	Gross amounts		offset in the		liabilities presented		securities
	of recognized		Statement of		in the Statement		purchased under		Securities
(Dollars in thousands)	liabilities		Condition		of Condition		agreements to resell		Collateral		Net amount
Securities sold under agreements to repurchase:
2014	$	562,214	$	-	$	562,214	$	(48,655)	$	(513,463)	$	96
2013		442,789		-		442,789		(8,672)		(434,008)		109

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Pension, Savings, And Other Employee Benefits (Schedule Of Expected Benefit Payment)(Details)	Dec. 31, 2014 USD ($)
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
2015	$ 29,897,000
2016	32,497,000
2017	34,434,000
2018	36,405,000
2019	38,266,000
2020 - 2024	219,771,000
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
2015	1,427,000
2016	1,462,000
2017	1,502,000
2018	1,548,000
2019	1,597,000
2020 - 2024	$ 8,831,000

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Variable Interest Entities (Summary Of VIE Consolidated By FHN) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assets:
Cash and due from banks	$ 349,171,000	$ 349,216,000
Loans, net of unearned income	16,230,166,000	15,389,074,000	$ 16,708,582,000
Allowance for loan losses	232,448,000	253,809,000	$ 276,963,000	$ 384,351,000
Total net loans	15,997,718,000	15,135,265,000
Other assets	1,383,055,000	1,680,044,000
Total assets	25,668,187,000	23,784,493,000
Liabilities:
Term borrowings	1,880,105,000	1,739,859,000
Other liabilities	649,359,000	610,932,000
Total liabilities	23,086,597,000	21,296,116,000
On Balance Sheet Consumer Loan Securitizations [Member]
Assets:
Cash and due from banks	182,000	1,244,000
Loans, net of unearned income	76,772,000	100,790,000
Allowance for loan losses	827,000	4,439,000
Total net loans	75,945,000	96,351,000
Other assets	436,000	1,892,000
Total assets	76,563,000	99,487,000
Liabilities:
Term borrowings	65,612,000	89,640,000
Other liabilities	4,000	18,000
Total liabilities	65,616,000	89,658,000
Rabbi Trusts Used For Deferred Compensation Plans [Member]
Assets:
Other assets	67,117,000	64,505,000
Total assets	67,117,000	64,505,000
Liabilities:
Other liabilities	50,825,000	49,519,000
Total liabilities	$ 50,825,000	$ 49,519,000

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Loans (Tables)

12 Months Ended

Dec. 31, 2014

Loans [Abstract]

Schedule Of Loans By Portfolio Segment

The following table provides the balance of loans by portfolio segment as of December 31, 2014 and 2013:
			December 31
(Dollars in thousands)		2014		2013
Commercial:
	Commercial, financial, and industrial	$	9,007,286	$	7,923,576
	Commercial real estate		1,277,717		1,133,279
Retail:
	Consumer real estate (a)		5,048,071		5,333,371
	Permanent mortgage (b)		538,961		662,242
	Credit card & other		358,131		336,606
Loans, net of unearned income		$	16,230,166	$	15,389,074
Allowance for loan losses			232,448		253,809
Total net loans		$	15,997,718	$	15,135,265

• Balances as of December 31, 2014 and 2013, include $76.8 million and $333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.
• Balance as of December 31, 2013, includes $11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward [Table Text Block]

The following table presents a rollforward of the accretable yield for the years ended December 31, 2014 and 2013:
		Years Ended
		December 31
(Dollars in thousands)		2014		2013
Balance, beginning of period	$	13,490	$	-
Additions		495		6,650
Accretion		(7,090)		(2,234)
Adjustment for payoffs		(1,575)		(104)
Adjustment for charge-offs		(79)		(4)
Increase in accretable yield (a)		9,473		9,182
Balance, end of period	$	14,714	$	13,490

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment [Table Text Block]

At December 31, 2014, the ALLL related to PCI loans was $3.2 million compared to $.8 million in 2013. Net charge-offs recognized during 2014 were $.1 million, compared to $.4 million in 2013. The loan loss provision incurred during 2014 and 2013 was $3.3 million and $1.2 million, respectively. The following table reflects the outstanding principal balance and carrying amounts of the PCI loans as of December 31, 2014 and 2013:
	December 31, 2014				December 31, 2013
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	5,044	$	5,813	$	7,077	$	9,169
Commercial real estate		32,553		43,246		38,042		53,648
Consumer real estate		598		868		878		1,291
Credit card and other		10		14		12		21
Total	$	38,205	$	49,941	$	46,009	$	64,129

Information By Class Related To Individually Impaired Loans

Impaired Loans
The following tables provide information at December 31, 2014 and 2013, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and LOCOM have been excluded.
		2014
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	9,558	$	10,851	$	-	$	15,826	$	-
	TRUPS		-		-		-		813		-
	Income CRE		8,528		16,242		-		7,671		-
	Residential CRE		1,148		1,827		-		718		-
	Total	$	19,234	$	28,920	$	-	$	25,028	$	-
Retail:
	HELOC (a)	$	13,379	$	32,471	$	-	$	15,670	$	-
	R/E installment loans (a)		4,819		6,247		-		7,855		-
	Permanent mortgage (a)		7,258		9,374		-		7,798		-
	Total	$	25,456	$	48,092	$	-	$	31,323	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	13,295	$	17,644	$	863	$	23,382	$	310
	TRUPS		13,460		13,700		4,310		13,524		-
	Income CRE		8,384		9,756		650		9,944		286
	Residential CRE		1,370		5,331		146		5,553		190
	Total	$	36,509	$	46,431	$	5,969	$	52,403	$	786
Retail:
	HELOC	$	84,169	$	86,252	$	18,942	$	77,306	$	1,799
	R/E installment loans		70,858		72,094		21,836		73,374		1,198
	Permanent mortgage		106,201		119,421		16,627		111,528		2,823
	Credit card & other		533		533		254		596		26
	Total	$	261,761	$	278,300	$	57,659	$	262,804	$	5,846
Total commercial		$	55,743	$	75,351	$	5,969	$	77,431	$	786
Total retail		$	287,217	$	326,392	$	57,659	$	294,127	$	5,846
Total impaired loans		$	342,960	$	401,743	$	63,628	$	371,558	$	6,632

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

		2013
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	26,626	$	28,089	$	-	$	46,486	$	108
	TRUPS		6,500		6,500		-		9,563		-
	Income CRE		8,524		16,552		-		21,304		168
	Residential CRE		-		-		-		8,145		122
	Total	$	41,650	$	51,141	$	-	$	85,498	$	398
Retail:
	HELOC (a)	$	16,825	$	38,624	$	-	$	19,418	$	-
	R/E installment loans (a)		11,009		14,062		-		11,955		-
	Permanent mortgage (a)		8,460		11,943		-		8,835		-
	Total	$	36,294	$	64,629	$	-	$	40,208	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	16,741	$	23,016	$	1,548	$	18,291	$	185
	TRUPS		33,610		33,610		12,747		37,791		-
	Income CRE		12,374		14,094		810		5,725		201
	Residential CRE		6,914		12,249		790		3,148		153
	Total	$	69,639	$	82,969	$	15,895	$	64,955	$	539
Retail:
	HELOC	$	70,297	$	71,692	$	16,506	$	66,154	$	1,821
	R/E installment loans		72,291		73,230		27,667		72,408		1,340
	Permanent mortgage		112,998		125,666		17,042		112,356		2,990
	Credit card & other		545		545		224		698		29
	Total	$	256,131	$	271,133	$	61,439	$	251,616	$	6,180
Total commercial		$	111,289	$	134,110	$	15,895	$	150,453	$	937
Total retail		$	292,425	$	335,762	$	61,439	$	291,824	$	6,180
Total impaired loans		$	403,714	$	469,872	$	77,334	$	442,277	$	7,117

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of December 31, 2014 and 2013.
	December 31, 2014
			Loans to												Allowance
	General		Mortgage				Income		Residential				Percentage		for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		of Total		Losses
PD Grade:
1	$	450,465	$	-	$	-	$	136	$	60	$	450,661	4	%	$	70
2		434,945		-		-		1,344		236		436,525	4			130
3		566,364		134,230		-		73,812		230		774,636	8			201
4		589,341		202,287		-		45,084		232		836,944	8			408
5		821,012		247,058		-		216,628		3,835		1,288,533	13			2,372
6		1,162,551		314,671		-		175,007		5,218		1,657,447	16			5,286
7		1,325,968		157,410		-		224,226		6,669		1,714,273	17			8,517
8		699,334		42,730		-		200,463		7,664		950,191	9			9,307
9		531,979		58,997		-		117,782		834		709,592	7			8,901
10		244,574		5,635		-		38,253		739		289,201	3			4,806
11		287,940		-		-		31,712		938		320,590	3			6,887
12		117,431		-		-		29,453		1,038		147,922	1			4,622
13		87,840		-		325,882		6,116		1,166		421,004	4			3,590
14,15,16		157,868		-		-		29,579		4,204		191,651	2			21,411
Collectively evaluated for impairment		7,477,612		1,163,018		325,882		1,189,595		33,063		10,189,170	99			76,508
Individually evaluated for impairment		22,853		-		12,845		16,912		2,518		55,128	1			5,969
Purchased credit-impaired loans		5,076		-		-		33,914		1,715		40,705	-			3,108
Total commercial loans	$	7,505,541	$	1,163,018	$	338,727	$	1,240,421	$	37,296	$	10,285,003	100	%	$	85,585

	December 31, 2013
			Loans to												Allowance
	General		Mortgage				Income		Residential				Percent of		for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		Total		Losses
PD Grade:
1	$	239,141	$	-	$	-	$	-	$	-	$	239,141	3	%	$	85
2		216,173		-		-		3,363		-		219,536	2			80
3		224,224		-		-		739		83		225,046	2			206
4		321,423		-		-		13,005		213		334,641	4			410
5		821,158		-		-		42,420		225		863,803	10			1,331
6		876,982		96,287		-		229,098		9,989		1,212,356	13			1,643
7		1,135,378		172,236		-		216,744		6,527		1,530,885	17			2,578
8		953,398		295,436		-		218,619		136		1,467,589	16			4,426
9		683,223		167,533		-		111,260		953		962,969	11			8,381
10		402,532		48,802		-		64,893		1,850		518,077	6			7,276
11		387,907		10,169		-		29,774		1,637		429,487	5			9,687
12		129,741		-		-		32,796		4,333		166,870	2			2,488
13		163,458		-		331,940		16,666		2,886		514,950	6			9,047
14,15,16		154,860		146		4,103		52,879		5,551		217,539	2			32,712
Collectively evaluated for impairment		6,709,598		790,609		336,043		1,032,256		34,383		8,902,889	99			80,350
Individually evaluated for impairment		43,367		-		36,864		20,898		6,914		108,043	1			15,895
Total commercial loans (b)	$	6,752,965	$	790,609	$	372,907	$	1,053,154	$	41,297	$	9,010,932	100	%	$	96,245

• Balances as of December 31, 2014 and 2013, presented net of $26.2 million and $29.4 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".
• December 31, 2013 table excludes PCI loans amounting to $45.9 million ($.8 million of allowance).

Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC

The following tables reflect period end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of December 31, 2014 and 2013:
HELOC
	December 31, 2014						December 31, 2013
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	56,335		708		701	$	79,550		711		701
2003		102,073		721		710		141,215		725		711
2004		282,580		723		709		395,323		727		716
2005		451,757		731		722		531,839		732		720
2006		337,440		740		727		383,366		740		726
2007		357,290		744		729		406,299		744		728
2008		194,710		753		747		223,110		753		747
2009		101,594		751		743		115,863		750		744
2010		98,214		753		749		114,393		753		749
2011		96,982		759		753		112,595		758		753
2012		119,333		760		758		138,373		759		760
2013		151,005		758		760		164,665		759		762
2014		120,025		762		762		-		-		-
Total	$	2,469,338		741		732	$	2,806,591		740		730

Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans

R/E Installment Loans	December 31, 2014						December 31, 2013
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	13,909		678		684	$	23,827		681		683
2003		49,706		714		724		74,451		716		725
2004		41,414		699		695		54,240		701		700
2005		123,130		715		712		161,205		717		711
2006		134,055		713		702		173,994		715		701
2007		199,473		723		709		249,198		725		709
2008		64,244		720		714		85,192		723		720
2009		28,762		736		725		38,842		742		737
2010		101,310		747		752		125,094		748		755
2011		278,795		760		759		335,343		760		760
2012		608,684		764		766		690,461		764		764
2013		475,272		756		759		514,933		757		754
2014		459,979		756		752		-		-		-
Total	$	2,578,733		748		747	$	2,526,780		746		742

Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans

Permanent Mortgage	December 31, 2014						December 31, 2013
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2004	$	150,217		723		721	$	194,369		725		725
2004		17,349		712		712		22,720		713		694
2005		34,033		736		740		40,272		737		712
2006		62,053		731		724		79,367		730		711
2007		188,868		733		717		223,440		734		710
2008		86,441		741		709		102,074		741		714
Total	$	538,961		730		717	$	662,242		731		714

Accruing And Non-Accruing Loans By Class

The following table reflects accruing and non-accruing loans by class on December 31, 2014:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	7,477,410	$	3,196	$	218	$	$7,480,824	$	636	$	1,726	$	17,279	$	$19,641	$	$7,500,465
Loans to mortgage companies		1,162,894		-		-		1,162,894		-		-		124		124		1,163,018
TRUPS (a)		325,882		-		-		325,882		-		-		12,845		12,845		338,727
Purchased credit-impaired loans		4,180		344		552		5,076		-		-		-		-		5,076
Total commercial (C&I)		8,970,366		3,540		770		8,974,676		636		1,726		30,248		32,610		9,007,286
Commercial real estate:
Income CRE		1,190,562		1,446		-		1,192,008		1,495		1,963		11,041		14,499		1,206,507
Residential CRE		34,541		183		-		34,724		-		-		857		857		35,581
Purchased credit-impaired loans		35,511		3		115		35,629		-		-		-		-		35,629
Total commercial real estate		1,260,614		1,632		115		1,262,361		1,495		1,963		11,898		15,356		1,277,717
Consumer real estate:
HELOC		2,347,361		26,738		11,093		2,385,192		66,410		6,628		11,108		84,146		2,469,338
R/E installment loans		2,524,019		11,951		5,602		2,541,572		27,330		3,268		5,888		36,486		2,578,058
Purchased credit-impaired loans		675		-		-		675		-		-		-		-		675
Total consumer real estate		4,872,055		38,689		16,695		4,927,439		93,740		9,896		16,996		120,632		5,048,071
Permanent mortgage		495,619		3,624		5,640		504,883		16,681		2,382		15,015		34,078		538,961
Credit card & other
Credit card		185,015		1,909		1,822		188,746		-		-		-		-		188,746
Other		167,272		1,137		203		168,612		-		-		763		763		169,375
Purchased credit-impaired loans		10		-		-		10		-		-		-		-		10
Total credit card & other		352,297		3,046		2,025		357,368		-		-		763		763		358,131
Total loans, net of unearned	$	15,950,951	$	50,531	$	$25,245	$	$16,026,727		$112,552	$	15,967	$	$74,920	$	$203,439	$	$16,230,166

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

The following table reflects accruing and non-accruing loans by class on December 31, 2013:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	6,701,185	$	8,606	$	425	$	6,710,216	$	19,039	$	3,668	$	20,042	$	42,749	$	6,752,965
Loans to mortgage companies		790,463		-		-		790,463		-		-		146		146		790,609
TRUPS (a)		336,043		-		-		336,043		-		-		36,864		36,864		372,907
Purchased credit-impaired loans		5,710		-		1,385		7,095		-		-		-		-		7,095
Total commercial (C&I)		7,833,401		8,606		1,810		7,843,817		19,039		3,668		57,052		79,759		7,923,576
Commercial real estate:
Income CRE		1,030,910		5,822		-		1,036,732		4,339		395		11,688		16,422		1,053,154
Residential CRE		39,295		323		-		39,618		130		-		1,549		1,679		41,297
Purchased credit-impaired loans		34,786		2,964		1,078		38,828		-		-		-		-		38,828
Total commercial real estate		1,104,991		9,109		1,078		1,115,178		4,469		395		13,237		18,101		1,133,279
Consumer real estate:
HELOC		2,688,193		25,609		14,683		2,728,485		59,385		5,261		13,460		78,106		2,806,591
R/E installment loans		2,466,647		12,951		6,801		2,486,399		29,221		3,120		7,151		39,492		2,525,891
Purchased credit-impaired loans		889		-		-		889		-		-		-		-		889
Total consumer real estate		5,155,729		38,560		21,484		5,215,773		88,606		8,381		20,611		117,598		5,333,371
Permanent mortgage		606,707		11,235		6,129		624,071		14,868		952		22,351		38,171		662,242
Credit card & other
Credit card		182,798		1,792		1,369		185,959		-		-		-		-		185,959
Other		147,846		996		394		149,236		1,397		-		-		1,397		150,633
Purchased credit-impaired loans		14		-		-		14		-		-		-		-		14
Total credit card & other		330,658		2,788		1,763		335,209		1,397		-		-		1,397		336,606
Total loans, net of unearned	$	15,031,486	$	70,298	$	32,264	$	15,134,048	$	128,379	$	13,396	$	113,251	$	255,026	$	15,389,074

Total TRUPS includes LOCOM valuation allowance of $29.4 million.

Schedule Of Troubled Debt Restructurings Occurring During The Year

The following table reflects portfolio loans that were classified as TDRs during the years ended December 31, 2014 and 2013:
		2014					2013
			Pre-Modification		Post-Modification			Pre-Modification		Post-Modification
			Outstanding		Outstanding			Outstanding		Outstanding
(Dollars in thousands)		Number	Recorded Investment		Recorded Investment		Number	Recorded Investment		Recorded Investment
Commercial (C&I):
General C&I		4	$	1,767	$	1,492	13	$	17,968	$	17,784
	Total commercial (C&I)	4		1,767		1,492	13		17,968		17,784
Commercial real estate:
Income CRE		2		421		421	5		4,221		4,187
Residential CRE		1		976		960	-		-		-
	Total commercial real estate	3		1,397		1,381	5		4,221		4,187
Consumer real estate:
HELOC		309		27,078		27,514	354		26,606		26,224
R/E installment loans		151		10,050		9,958	426		30,400		30,104
	Total consumer real estate	460		37,128		37,472	780		57,006		56,328
Permanent mortgage		34		9,362		8,879	49		18,716		19,184
Credit card & other		64		327		315	50		233		221
Total troubled debt restructurings		565	$	49,981	$	49,539	897	$	98,144	$	97,704

Schedule Of Troubled Debt Restructurings Within The Previous 12 Months

The following table presents TDRs which re-defaulted during 2014 and 2013, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more plus days past due.
		2014			2013
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		6	$	869	11	$	6,705
	Total commercial (C&I)	6		869	11		6,705
Commercial real estate:
Income CRE		4		3,086	4		1,548
Residential CRE		-		-	1		33
	Total commercial real estate	4		3,086	5		1,581
Consumer real estate:
HELOC		7		485	13		604
R/E installment loans		9		530	8		428
	Total consumer real estate	16		1,015	21		1,032
Permanent mortgage		3		1,128	17		7,832
Credit card & other		2		4	17		65
Total troubled debt restructurings		31	$	6,102	71	$	17,215

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Contingencies And Other Disclosures

12 Months Ended

Dec. 31, 2014

Commitments And Contingencies Disclosure Abstract

Contingencies And Other Disclosures

Note 18 – Contingencies and Other Disclosures

Contingencies

General

Contingent liabilities arise in the ordinary course of business. Often they are related to lawsuits, arbitration, mediation, and other forms of litigation. Various litigation matters are threatened or pending against FHN and its subsidiaries. Also, FHN at times receives requests for information, subpoenas, or other inquiries from federal, state, and local regulators, from other government authorities, and from other parties concerning various matters relating to FHN’s current or former lines of business. Certain matters of that sort are pending at this time, and FHN is cooperating in those matters. Pending and threatened litigation matters sometimes are resolved in court or before an arbitrator, and sometimes are settled by the parties. Regardless of the manner of resolution, frequently the most significant changes in status of a matter occur over a short time period, often following a lengthy period of little substantive activity. In view of the inherent difficulty of predicting the outcome of these matters, particularly where the claimants seek very large or indeterminate damages, or where the cases present novel legal theories or involve a large number of parties, or where claims or other actions may be possible but have not been brought, FHN cannot reasonably determine what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters may be, or what the eventual loss or impact related to each matter may be. FHN establishes loss contingency liabilities for litigation matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. A liability generally is not established when loss for a matter either is not probable or its amount is not reasonably estimable. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance requires a liability to be established at the low end of the range.

Disclosure in this Note is provided in respect of several types of matters. (a) Disclosure is provided for each matter as to which FHN has determined that material loss is probable, which can include matters for which material loss liability has been established as of period-end and matters for which the amount of loss is not reasonably estimable. (b) Disclosure of an aggregate range of reasonably possible loss ("RPL") associated with contingent liabilities is provided as to matters where there is more than a remote chance of an estimable, material loss outcome for FHN in excess of currently established loss liabilities, whether or not those established loss liabilities are material. Additional disclosure is provided for certain of those matters. (c) Disclosure is provided for several loss contingency litigation matters related to FHN's former mortgage securitizations not falling within loss categories (a) or (b).

Based on current knowledge, and after consultation with counsel, management is of the opinion that loss contingencies related to threatened or pending litigation matters should not have a material adverse effect on the consolidated financial condition of FHN, but may be material to FHN’s operating results for any particular reporting period depending, in part, on the results from that period.

Litigation – Loss Contingencies

As used in this Note, "material loss contingency matters" generally fall into at least one of the following categories: (i) FHN has determined material loss to be probable and has established a material loss liability in accordance with applicable financial accounting guidance, other than matters reported as having been substantially settled or otherwise substantially resolved; (ii) FHN has determined material loss to be probable but is not reasonably able to estimate an amount or range of material loss liability; or (iii) FHN has determined that material loss is not probable but is reasonably possible, and that the amount or range of that material loss is estimable. As defined in applicable accounting guidance, loss is reasonably possible if there is more than a remote chance of a material loss outcome for FHN. Set forth below are disclosures for certain pending or threatened litigation matters, including all matters mentioned in clauses (i) or (ii) and certain matters mentioned in (iii). In addition, certain other matters are discussed relating to FHN's former mortgage origination and servicing businesses. In all litigation matters discussed, unless settled or otherwise resolved, FHN believes it has meritorious defenses and intends to pursue those defenses vigorously.

FHN reassesses the liability for litigation matters each quarter as the matters progress. At December 31, 2014, the aggregate amount of liabilities established for all material loss contingency matters was $56.2 million. Of the matters discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below, only the Charles Schwab suit is among those matters for which a liability has been established. The liabilities discussed in this paragraph are separate from those discussed under the heading "Established Repurchase Liability" below.

In each material loss contingency matter, except as otherwise noted, there is a more than slight chance that each of the following outcomes will occur: the plaintiff will substantially prevail; the defense will substantially prevail; the plaintiff will prevail in part; or the matter will be settled by the parties. At December 31, 2014, FHN estimates that for all material loss contingency matters, estimable reasonably possible losses in future periods in excess of currently established liabilities could aggregate in a range from zero to approximately $120 million. Of those matters discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters," only the Charles Schwab and the two FDIC suits are included in that range.

As a result of the general uncertainties discussed above and the specific uncertainties discussed for each matter mentioned below, it is possible that the ultimate future loss experienced by FHN for any particular matter may materially exceed the amount, if any, of currently established liability for that matter. That possibility exists both for matters included in the RPL estimated range mentioned above and for matters not included in that range.

Certain Matters Included in Reasonably Possible LossRange

Debit Transaction Sequencing Litigation Matter.FTBNA is a defendant in a putative class action lawsuit concerning overdraft fees charged in connection with debit card transactions. A key claim is that the method used to order or sequence the transactions posted each day was improper. The case is styled as Hawkins v. First Tennessee Bank National Association, before the Circuit Court for Shelby County, Tennessee, Case No. CT-004085-11. The plaintiff seeks actual damages of at least $5 million, unspecified restitution of fees charged, and unspecified punitive damages, among other things. FHN's estimate of reasonably possible loss for this matter is subject to significant uncertainties regarding: whether a class will be certified and, if so, the definition of the class; claims as to which no dollar amount is specified; the potential remedies that might be available or awarded; the ultimate outcome of potentially significant motions such as motions to dismiss, or for summary judgment; and the incomplete status of the discovery process.

RPL-Included First Horizon Branded Mortgage Securitization Litigation Matters.Several pending litigation matters are discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below. For certain of those FHN has been able to estimate reasonably possible loss. Those estimable matters are the Charles Schwab, FDIC (NY), and FDIC (AL) cases. The estimates for those matters are included in the range of reasonably possible loss discussed above. The estimates are subject to significant uncertainties regarding: the dollar amounts claimed; the potential remedies that might be available or awarded; the outcome of any settlement discussions; the outcome of potentially significant motions; the availability of significantly dispositive defenses; the identity and value of assets that FHN may be required to repurchase to the extent asset repurchase is sought; the incomplete status of the discovery process; and the lack of precedent claims.

Certain Matters Not Included in Reasonably Possible Loss Range

RPL-Excluded First Horizon Branded Mortgage Securitization Litigation Matters.Several pending litigation matters are discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below. For certain of those FHN has been able to estimate reasonably possible loss as mentioned in the preceding paragraph, and for others FHN has not. Those matters for which RPL currently is not estimable are the FHLB of San Francisco, Metropolitan Life, Royal Park, and Integra REC indemnity cases. FHN is unable to estimate a range of reasonably possible loss due to significant uncertainties regarding: claims as to which the claimant specifies no dollar amount; the potential remedies that might be available or awarded; the availability of significantly dispositive defenses such as statutes of limitations or repose; the outcome of potentially dispositive early-stage motions such as motions to dismiss; the identity and value of assets that FHN may be required to repurchase for those claims seeking asset repurchase; the incomplete status of the discovery process; the lack of a precise statement of damages; and lack of precedent claims.

Inquiry Regarding FHA-Insured Loans. Since second quarter 2012 FHN has been cooperating with the U.S. Department of Justice (“DOJ”) and the Office of the Inspector General for the Department of Housing and Urban Development ("HUD") in a civil investigation regarding compliance with requirements relating to certain residential mortgage loans insured by the Federal Housing Administration ("FHA"). HUD has reviewed a small sample of loans from the period being investigated. FHN has cooperated in the investigation, and discussions between the parties are continuing. The investigation could lead to a demand or claimunder the federal False Claims Actand the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which allow treble and other special damages substantially in excess of actual losses. Currently FHN is not able to predict the eventual outcome of this matter. In anticipation of future substantive discussions between the parties, a liability has been established for this matter. However, FHN continues to be unable to estimate a range of reasonably possible loss in excess of established liabilities due to significant uncertainties regarding: the potential remedies, including any amount of enhanced damages, that might be available or awarded; the availability of significantly dispositive defenses; and the limited number of reported precedent claims and resolutions (involving other banking organizations) combined with a lack of underlying data connected with those resolutions.

The investigation has focused on loans originated by FHN on or after January 1, 2006. FHA-insured originations from January 1, 2006 through the August 31, 2008 divestiture of FHN's national mortgage platform totaled 47,817 loans with an aggregate original principal balance of $8.2 billion. The amount of FHA-insured originations each year declined substantially following the divestiture.

First Horizon Branded Mortgage Securitization Litigation Matters

Prior to September 2008 FHN originated and sold home loan products through various channels and conducted its servicing business under the First Horizon Home Loans and First Tennessee Mortgage Servicing brands. Those sales channels included the securitization of loans into pools held by trustees and the sale of the resulting securities, sometimes called “certificates,” to investors. These activities are discussed in more detail below under the heading “Legacy Home Loan Sales and Servicing.”

At the time this report is filed, FHN, along with multiple co-defendants, is defending several lawsuits brought by investors which claim that the offering documents under whichcertificates relating to First Horizon branded securitizations ("FH proprietary securitizations") were sold to them were materially deficient. The plaintiffs and venues of these suits are: (1) Charles Schwab Corp. in the Superior Court of San Francisco, California (Case No. 10-501610); (2) Federal Deposit Insurance Corporation ("FDIC") as receiver for Colonial Bank, in the U.S. District Court for the Middle District of Alabama (Case No. CV-12-791-WKW-WC); and (3) FDIC as a receiver for Colonial Bank, in the U.S. District Court for the Southern District of New York (Case No. 12 Civ. 6166 (LLS)(MHD)). The plaintiffs in the pending suits claim to have purchasedcertificates in a number of separate FH proprietary securitizations and demand that FHN repurchase their investments, or answer in damages or rescission, among other remedies sought.

In some of the pending suits underwriters are co-defendants and have demanded, under provisions in the applicable underwriting agreements, that FHN indemnify them for their expenses and any losses they may incur. In addition, FHN has received indemnity demands from underwriters in certain other suits as to which investors claim to have purchased senior certificates in FH proprietary securitizations. FHN has not been named a defendant in these suits, which FHN is defending indirectly as indemnitor. The plaintiffs and venues of theseother suitsare: (4) FHLB of San Francisco, in the Superior Court ofSan Francisco County, California (Case No. CGC-10-497840); (5) Metropolitan Life Insurance Co., in the Supreme Court of New York County, New York (No. 651360-2012); (6) Royal Park Invs. SA/NV, in the Supreme Court of New York County, New York (No. 652607-2012); and (7) Commonwealth of Virginia ex rel. Integra REC LLC, in the Circuit Court for the City of Richmond (No. CL14-399).

Details concerning the original purchase amounts and ending balances of the investments at issue in most of these pending suits, as to which FHN is a named defendant or as to which FHN has an agreement to indemnify an underwriter defendant, are set forth below.Information about the performance of the FH proprietary securitizations related to these suits is available in monthly reports published by the trustee for the securitization trusts. FHN believes that certain plaintiffs did not purchase the entire certificate in the securitizations in which they invested.Reporting by the trustee is at a certificate level and, as a result, ending certificate balances in the following table were adjusted to reflect FHN's estimate of the ending balance of each partial certificate purchased by these plaintiffs.Plaintiffs in the pending lawsuits claim to have purchased a total of $225.7million of certificates and the purchase prices of the certificates subject to the indemnification requests total $331.4million. “Senior” and “Junior” refer to the ranking of the investments in broad terms; in most cases the securitization provided for sub-classifications within the Senior or Junior groups. Excluded from the information above and the table below is information related to the Integra case. Although FHN is aware that one of its Alt-A securitizations from 2005 is at issue in Integra, FHN does not know which certificate(s), or portion(s) of certificate(s), are involved.

		Alt-A				Jumbo
(Dollars in thousands)		Senior		Junior		Senior		Junior
Vintage
Original Purchase Price:
	2005	$	200,117	$	-	$	30,000	$	-
	2006		77,906		-		-		-
	2007		199,012		-		50,000		-
	Total	$	477,035	$	-	$	80,000	$	-
Ending Balance per the December 25, 2014, trust statements:
	2005	$	51,564	$	-	$	10,342	$	-
	2006		33,066		-		-		-
	2007		86,038		-		14,711		-
	Total	$	170,668	$	-	$	25,053	$	-

If FHN were to repurchase certificates, it would recognize as a loss the difference between the amount paid (adjusted for any related litigation liability previously established) and the fair value of the certificates at that time.

The total ending certificate balance of the investments which are the subject of the current pending lawsuits was $195.7 million as reported on the December 25, 2014, trust statements, with approximately 85 percent of the remaining balances performing. Cumulative losses on the investments which are the subject of the remaining lawsuits, as reported on the trust statements, represent approximately 6 percent of the original principal amount underlying the certificates purchased. Ending certificate balances reflect the remaining principal balance on the certificates, after the monthly principal and interest distributions and after reduction for applicable cumulative and current realized losses.Recognized cumulative losses may not take into account all outstanding principal and interest amounts advanced by the servicer due to nonpayment by the borrowers; reimbursement of those advances to the servicer may increase cumulative losses. Losses often are reported by the trustee based on each certificate within a pool or group, which limits FHN’s ability to ascertain losses at the individual investor level.

As discussed below under “Legacy Home Loan Sales and Servicing,” similar claims may be pursued by other investors, and loan repurchase, make-whole, or indemnity claims may be pursued by securitization trustees or other parties to transactions seeking indemnity. At December 31, 2014, except for the Charles Schwab case, FHN had not recognized a liability for exposure for investment rescission or damages arising from the foregoing or other potential claims by investors that the offering documents under which the loans were securitized were materially deficient, nor for exposure for repurchase of loans arising from potential claims that FHN breached its representations and warranties made in FH proprietary securitizations at closing.

Legacy Home Loan Sales and Servicing

Overview

Prior to September 2008, as a means to provide liquidity for its legacy mortgage banking business, FHN originated loans through its legacy mortgage business, primarily first lien home loans, with the intention of selling them. Predominantly mortgage loans were intended to be sold without recourse for credit default. Sales typically were effected either as non-recourse whole-loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residential mortgage loans were sold predominately to two GSEs:the Federal National Mortgage Association ("Fannie Mae," "Fannie," or "FNMA"), and the Federal Home Loan Mortgage Corporation("Freddie Mac," "Freddie," or "FHLMC").Federally insured or guaranteed whole-loans were pooled, and payments to investors were guaranteed through the Government National Mortgage Association ("Ginnie Mae," "Ginnie," or "GNMA"). Collectively, Fannie Mae, Freddie Mac, and Ginnie Mae are referred to as the "Agencies." Many mortgage loan originations, especially those "nonconforming" mortgage loans that did not meet criteria for whole-loan sales to the GSEs or insurance through Ginnie Mae, were sold to investors, or certificate-holders, predominantly through First Horizon ("FH") branded proprietary securitizations but also, to a lesser extent, through whole-loan sales to private non-Agency purchasers. In addition, FHN originated with the intent to sell and sold HELOCs and second lien mortgages through whole-loan sales to private purchasers and, to a lesser extent, through FH proprietary securitizations.

On August 31, 2008 FHN sold its national mortgage origination and servicing platforms along with a portion of its servicing assets and obligations. This is sometimes referred to as the “2008 sale,” the “2008 divestiture,” the “platform sale,” or other similar terms. FHNcontracted to have its remaining servicing obligations sub-serviced. Since the 2008 platform sale FHN has sold substantially all remaining servicing assets and obligations.

Loans Sold With Full or Limited Recourse

FHN also sold certain Agency mortgage loans with full recourse under agreements to repurchase the loans upon default. Loans sold with full recourse generally included mortgage loans sold to investors in the secondary market which were uninsurable under government mortgage loan programs due to issues associated with underwriting activities, documentation, or other concerns. For mortgage insured single-family residential loans, in the event of borrower nonperformance, FHN would assume losses to the extent they exceed the value of the collateral and private mortgage insurance(“MI”), the FHA insurance, or the Veteran’s Administration (“VA”) guaranty. FHN may absorb losses on these loans due to uncollected interest and foreclosure costs but has limited risk of credit losses in the event of foreclosure of the mortgage loan sold. Generally, the amount of recourse liability in the event of foreclosure is determined based upon the respective government program and/or the sale or disposal of the foreclosed property collateralizing the mortgage loan.

FHN also has potential loss exposure from claims that FHN violated FHA or VA requirements related to the origination of the loans and insurance or guarantee claims filed after origination in relation to the loans. Additional information concerning a pending investigation related to FHA-insured lending is provided in "Inquiry Regarding FHA-Insured Loans" above.

Unless otherwise noted, the remaining discussion under this section, “Legacy Home Loan Sales and Servicing,” excludes information concerning full or limited recourse loan sales.

Agency Whole-Loan Sales

Even though Agency loans were sold without recourse for credit loss, FHN may be obligated to either repurchase a loan for the unpaid principal balance("UPB") or make the purchaser whole for the economic loss incurred if FHN breached representations or warranties made by FHN to the purchaser at the time of the sale. Such representations and warranties typically covered both substantive and process matters, such as the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers. Since the mortgage platform sale in 2008 through December 31, 2014, Agencies, primarily the two GSEs, have accounted for the vast majority of repurchase/make-whole claims received.

In the fourth quarter of 2013 FHN entered into a definitive resolution agreement ("DRA") with Fannie Mae, and in the first quarter of 2014 FHN entered into a DRA with Freddie Mac, in each case resolving certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer serviced at the time of the DRA. Under each DRA, FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects and violations of the GSE's Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancellations, and denials. With respect to loans where there has been a prior bulk sale of servicing, FHN is not responsible for mortgage insurance cancellations and denials to the extent attributable to the acts of the current servicer.

As a result of the DRAs, the repurchase pipeline overall is smaller, and the proportion of GSE-related repurchase requests in the pipeline also is smaller, than in periods pre-dating the DRAs. The repurchase liability FHN has recorded as of December 31, 2014 contemplates, among other things, estimates of FHN’s repurchase exposure related to loans excluded from the DRAs and estimates of FHN’s repurchase exposure related to certain other whole-loan sales. See "Other Whole-Loan Sales" and “Established Repurchase Liability” below for additional information.

Other Whole-Loan Sales

Prior to the 2008 divestiture FHN also sold first lien mortgage loans through whole-loan sales to non-Agency purchasers. FHN made contractual representations and warranties to the purchasers generally similar to those made to Agency purchasers. As of December 31, 2014, 45 percent of repurchase/make-whole claims in the pipeline relate to other whole-loan sales. These claims are included in FHN’s liability methodology and the assessment of the adequacy of the repurchase and foreclosure liability.

Many of these loans were included by the purchasers in their own securitizations, not using the First Horizon brand. FHN’s contractual representations and warranties to these loan purchasers generally included repurchase and indemnity covenants for losses and expenses applicable to the securitization caused by FHN’s breach. Currently the following categories of legal actions are pending which involve FHN and non-Agency whole-loan sales: (i) FHN has received indemnification requests from purchasers of loans or their assignees in cases where FHN is not a defendant; (ii) FHN has received subpoenas seeking loan reviews in cases where FHN is not a defendant; (iii) FHN has received repurchase or make-whole demands from purchasers or their assignees; and (iv) FHN is a defendant in certain legal actions involving FHN-originated loans. In some cases the loans to be reviewed, or which otherwise are at issue, have not been identified specifically. Assignees can include securitizers or securitization trustees, among others. A loan is included in the repurchase pipeline only when an identifiable demand for repurchase has been made outside of active litigation.

First Horizon Branded Proprietary Mortgage Securitizations

From 2005 through 2007 FHN originated and sold certain non-agency, nonconforming mortgage loans, consisting of Jumbo and Alternative-A (“Alt A”) first lien mortgage loans, to private investors through 80 proprietary securitization trusts under the FH brand. Securitized loans generally were sold indirectly to investors as interests, commonly known as certificates, in the trusts. The certificates were sold to a variety of investors, including GSEs in some cases, through securities offerings under a prospectus or other offering documents. In most cases, the certificates were tiered into different risk classes, with junior classes exposed to trust losses first and senior classes exposed after junior classes were exhausted. Through third quarter 2013, FHN continued to service substantially all of the remaining loans sold through FH proprietary securitizations. In 2013 FHN contracted to sell substantially all such servicing rights and obligations, with transfers occurring largely in fourth quarter 2013 and first quarter 2014. As of December 31, 2014, the aggregate remaining UPB in active FH proprietary securitizations from 2005 through 2007 was $6.1 billion consisting of $4.2 billion Alt-A mortgage loans and $1.9 billion Jumbo mortgage loans.

Representations and warranties were made to the securitization trustee, as the nominal purchaser of the loans, for the benefit of investors. As such, FHN has exposure to the trustee for repurchase of loans arising from claims that FHN breached its representations and warranties made at closing. As of December 31, 2014, the repurchase request pipeline contained no repurchase requests related to FH proprietaryfirst lien securitizations based on breaches of representations and warranties to the trustee.

Unlike loans sold to GSEs, contractual representations and warranties for FH proprietary first lien securitizations do not include specific representations regarding the absence of other-party fraud or negligence in the underwriting or origination of the mortgage loans. Securitization documents typically provide the investors with a right to request that the trustee investigate and initiate repurchase of a mortgage loan if FHN breached certain representations and warranties made at the time the securitization closed and such breach materially and adversely affects the interests of the investors in such mortgage loan. The securitization documents do not require the trustee to make an investigation into the facts or matters stated in any investor request or notice unless requested in writing to do so by the holders of certificates evidencing not less than 25 percent of the voting rights allocated to each class of certificates. The certificate holders also may be required to indemnify the trustee for its costs related to investigations made in connection with repurchase actions.

GSEs and certain other quasi-governmental entities were among the purchasers of certificates in FH proprietary securitizations. As such, they are entitled to the benefits of the same representations and warranties as other investors. However, under federal law some entities of that sort are permitted to undertake, independently of other investors, reviews of FHN’s mortgage loan origination and servicing files. Such reviews are commenced using a subpoena process. If, because of such reviews, an entity determines there has been a breach of a representation or warranty that has had a material and adverse effect on the interests of the investors in any mortgage loan, the entity may attempt to persuade or compel enforcement of a repurchase obligation against FHN by the securitization trustee. As discussed in more detail below in "Other Government Entity Loan Reviews," FHN has received several such subpoenas.

The FH proprietary securitization trustee generally may initiate a loan review, without prior official action by investors, for the purpose of determining compliance with applicable representations and warranties with respect to any or all of the active FH proprietary securitizations. If non-compliance is discovered, the trustee may seek repurchase or other relief. In addition, FHN’s trustee is a defendant in a lawsuit in which the plaintiffs have asserted that the trustee has duties under federal law to review loans and otherwise act against FHN outside of the duties specified in the applicable trust documents. At December 31, 2014, FHN's trustee had made no claims against FHN and no litigation by the trustee was pending against FHN.

FHN is not able to estimate any liability for loan repurchase risk related to FH proprietary securitizations. FHN similarly is not able to estimate a range of reasonably possible losses associated with this risk, and no such amounts are included in the aggregate range discussed above. Those inabilities are due to significant uncertainties regarding: the absence of claims made; the nature and outcome of any claims process or related settlement discussions if pursued; the outcome of litigation if litigation is pursued; the identity and value of assets that FHN may be required to repurchase to the extent asset repurchase is sought; and the lack of precedent claims.

Also unlike loans sold to the GSEs, interests in securitized loans were sold as securities under prospectuses or other offering documents subject to the disclosure requirements of applicable federal and state securities laws. As an alternative to pursuing a claim for breach of representations and warranties through the trustee as mentioned above, an investor could pursue (and in certain cases mentioned below, have pursued or are pursuing) a claim alleging that the prospectus or other disclosure documents were deficient by containing materially false or misleading information or by omitting material information. A claim for such disclosure deficiencies typically could be brought under applicable federal or state securities statutes. Statutory remedies typically include rescission of the investment or monetary damages measured in relation to the original investment made. Any such statutory claim would be subject to applicable limitation periods and other statutory defenses. If a plaintiff properly made and proved its allegations, the plaintiff might attempt to claim that damages could include loss of market value on the investment even if there were little or no credit loss in the underlying loans. Claims based on alleged disclosure deficiencies also could be brought as traditional fraud or negligence claims with a wider scope of damages possible. Each investor could bring such a claim individually, without acting through the trustee to pursue a claim for breach of representations and warranties, and investors could attempt joint claims or attempt to pursue claims on a class-action basis. Claims of this sort have been resolved in a litigation context, unlike FHN's GSE repurchase experience, and several claims still are pending as mentioned above. FHN's analysis of loss content and establishment of appropriate liabilities in these cases follow principles and practices associated with litigation matters, including an analysis of available procedural and substantive defenses in each particular case, a determination of whether material loss is probable, and (if so) an estimation of the amount of ultimate loss, if any can be estimated. Alternatively, under applicable financial accounting guidance, a liability may be established or increased in the course of negotiations for settlement of a matter, whether or not a settlement results.

Other Government Entity Loan Reviews

Certain government entities acting on behalf of several purchasers of FH proprietary and other securitizations have subpoenaed information from FHN and others. The FHLB of San Francisco and FHLB of Atlanta have subpoenaed FHN for purposes of a loan origination review related to certain of their securitization investments. Collectively, the FHLB subpoenas seek information concerning a number of FH proprietary securitizations. In addition, the FDIC, acting on behalf of certain failed banks, has also subpoenaed FHN related to FH proprietary securitization investments by those institutions.

The FDIC and FHLB of San Francisco subpoenas also concern loans sold by FHN to non-Agency purchasers on a whole-loan basis which were included by those purchasers in non-FH securitizations. See "Other Whole-Loan Sales" above for additional information concerning loans originated and sold by FHN that were included in the purchasers' own securitizations. In addition, the FHLB of Seattle has subpoenaed FHN in connection with FHN-originated loans that were included in non-FH securitizations. The FDIC subpoena fails to identify the specific investments made by the failed banks. Other than the dollar amounts of those investments which are the subject of the FDIC's active litigation as receiver for Colonial Bank, FHN has limited information regarding at least some of the loans under review or the dollar amounts invested in relation to the FDIC and FHLB subpoenas. The FDIC subpoenas partially overlap with the ongoing litigation matters mentioned above under "Litigation - Loss Contingencies."

The subpoenas discussed above relate to ongoing reviews which ultimately could result in claims against FHN. The original and current certificate balances of the FH proprietary securitizations in which the FHLB of San Francisco invested are $501.1 million and $137.8 million, respectively. The original and current certificate balances of the FH proprietary securitizations in which the FHLB of Atlanta invested are $56.1 million and $6.7 million, respectively. There are limitations as to FHN's knowledge of the amount of FH proprietary securitizations investments that are subject to the FDIC and FHLB of San Francisco subpoenas. Since the reviews at this time are not repurchase claims, the associated loans are not considered part of the repurchase pipeline.

Private Mortgage Insurance

MI was required by GSE rules for certain of the loans sold to GSEs and was also provided for certain of the loans that were securitized. MI generally was provided for the first lien loans sold or securitized having a loan-to-value ratio at origination of greater than 80 percent. Although unresolved MI cancellation notices related to GSE-owned loans are not formal repurchase requests, FHN includes these in the active repurchase request pipeline to the extent they relate to securitized loans or are excluded from the DRA settlements with the GSEs mentioned above.FHN tracks and monitors MI cancellation notices received when assessing the overall adequacy of FHN's repurchase liability.

Established Repurchase Liability

Based on currently available information and experience to date, FHN has evaluated its loan repurchase exposure and has accrued for losses of $120.1 million and $165.8 million as of December 31, 2014 and 2013, respectively, including a smaller amount related to equity-lending junior lien loan sales. FHN used all available information to estimate losses related to potential repurchase obligations not included in the DRAs including future MI rescissions, prior bulk servicing sales where FHN is no longer the directly responsible party but still has repurchase obligations, and obligations related to certain other loan sales, including repurchase obligations related to non-GSE loan sales. Additionally, FHN continues to monitor claims included in the active pipeline, historical repurchase rates, and loss severities. Accrued liabilities for FHN’s estimate of these obligations are reflected in Other liabilities on the Consolidated Statements of Condition. Charges to increase the liability are included within Repurchase and foreclosure provision on the Consolidated Statements of Income. The estimatesare based upon currently available information and fact patterns that exist as of the balance sheet dates and could be subject to future changes.Changes to any one of these factors could significantly impact the estimate of FHN's liability.

Servicing and Foreclosure Practices

Through third quarter 2013, FHN serviced a predominately first lien mortgage loan portfolio with an unpaid principal balance of approximately $15 billion as of September 30, 2013. In fourth quarter 2013 and first quarter 2014, sales of substantially all remaining servicing were consummated under a contract discussed below. As a result, the loan portfolio serviced by FHN at December 31, 2014 had an unpaid principal balance of $252.8 million.

Prior to those sales, a substantial portion of FHN's first lien portfolio was serviced through subservicing arrangements. FHN’s national mortgage and servicing platforms were sold in August 2008 and the related servicing activities, including foreclosure and loss mitigation practices, of the then-remaining portion of FHN’s mortgage servicing portfolio were outsourced through a three year subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). FHN entered into a replacement agreement in 2011 with a new subservicer (the “2011 subservicer”). In third quarter 2013 FHN contracted to sell substantially all of its remaining servicing obligations and servicing assets (including advances) to the 2011 subservicer. Transfer of the servicing was substantially completed in during first quarter 2014. Servicing still retained by FHN continues to be subserviced by the 2011 subservicer.

FHN is subject to losses in its current and former loan servicing portfolio due to loan foreclosures. Foreclosure exposure arises from certain government agency agreements, as well as agreements with MI insurers, which limit the agency’s repayment guarantees on foreclosed loans and allow compensatory fees and penalties and curtailments of claims for violations of agreements or insurance policies, resulting in losses to the servicer. Foreclosure exposure also includes real estate costs, marketing costs, and costs to maintain properties, especially during protracted resale periods in geographic areas of the country negatively impacted by declining home values.

In 2011 regulators entered into consent decreeswith several institutions, including FHN’s 2008 subservicer, requiring comprehensive revision of loan modification and foreclosure processes, including the remediation of borrowers that have experienced financial harm. In 2012 the 2008 subservicer, along with certain others, entered into a settlement agreement with the OCC which replaced the consent decree.

Under FHN’s 2008 subservicing agreement, the 2008 subservicer had the contractual right to follow FHN’s prior servicing practices as they existed 180 days prior to August 2008 until the 2008 subservicer became aware that such practices did not comply with applicable servicing requirements, subject to the subservicer’s obligation to follow accepted servicing practices, applicable law, and new requirements, including evolving interpretations of such practices, law and requirements. In the event of a dispute such as that described below between FHN and the 2008 subservicer over any liabilities for the subservicer’s servicing and management of foreclosure or loss mitigation processes, FHN cannot predict the costs that may be incurred.

FHN’s 2008 subservicer has presented invoices and made demands under the 2008 subservicing agreement that FHN pay certain costs related to tax service contracts, miscellaneous transfer costs, servicing timeline penalties, compensatory damages, and curtailments charged by GSEs and a government agency prior to FHN’s transfer of subservicing to its 2011 subservicer in the amount of $8.6 million. The 2008 subservicer also is seeking reimbursement from FHN for expenditures the 2008 subservicer has incurred or anticipates it will incur under the consent decree and supervisory guidance relating to foreclosure review (collectively, “foreclosure review expenditures”). The foreclosure review expenditures for which the 2008 subservicer has sought reimbursement total $34.9 million. Although the most recent request was made in 2012, additional reimbursement requests may be made. FHN disagrees with the 2008 subservicer's position and has made no reimbursements. In the event that the 2008 subservicer pursues its position through litigation, FHN believes it has meritorious defenses and intends to defend itself vigorously. FHN also believes that certain amounts billed to FHN by agencies for penalties and curtailments on claims by MI insurers for actions by the 2008 subservicer prior to the 2011 subservicing transfer but billed after that date are owed by the 2008 subservicer. This disagreement has the potential to result in litigation and, in any such future litigation, the claim against FHN may be substantial.

Other Disclosures - Visa Matters

FHN is a member of the Visa USA network. In October 2007, the Visa organization of affiliated entities completed a series of global restructuring transactions to combine its affiliated operating companies, including Visa USA, under a single holding company, Visa Inc. (“Visa”). Upon completion of the reorganization, the members of the Visa USA network remained contingently liable for certain Visa litigation matters (the "Covered Litigation"). Based on its proportionate membership share of Visa USA, FHN recognized a contingent liability in fourth quarter 2007 related to this contingent obligation. In March 2008, Visa completed its initial public offering (“IPO”) and funded an escrow account from its IPO proceeds to be used to make payments related to the Visa litigation matters. FHN received approximately 2.4 million Class B shares in conjunction with Visa’s IPO.

Conversion of these shares into Class A shares of Visa and, with limited exceptions, transfer of these shares is restricted until the final resolution of the covered litigation. In conjunction with the prior sales of Visa Class B shares in December 2010 and September 2011, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The conversion ratio is adjusted when Visa deposits funds into the escrow account to cover certain litigation.

In July 2012, Visa and MasterCard announced a joint settlement (the "Settlement") related to the Payment Card Interchange matter, one of the Covered Litigation matters. Based on the amount of the Settlement attributable to Visa and an assessment of FHN's contingent liability accrued for Visa litigation matters, the Settlement did not have a material impact on FHN. In September 2014, Visa funded $450 million into the escrow account, and as a result FHN made a payment to the derivative counterparty of $2.4 million in October 2014. As of December 31, 2014, the conversion ratio is 41 percent, and the contingent liability is $.8 million. Future funding of the escrow would dilute this exchange rate by an amount that is not determinable at present.

As of December 31, 2014 and 2013, the derivative liabilities were $5.2 million and $2.9 million, respectively.

FHN now holds approximately 1.1 million Visa Class B shares.FHN’s Visa shares are not considered to be marketable and therefore are included in the Consolidated Statements of Condition at their historical cost of $0. The Settlement has been approved by the court but that approval has been appealed by certain of the plaintiffs. Accordingly, the outcome of this matter remains uncertain. Additionally, other Covered Litigation matters are also pending judicial resolution, including new matters filed by class members who opted-out of the Settlement. So long as any Covered Litigation matter remains pending, FHN's ability to transfer its Visa holdings continues to be restricted.

Other Disclosures – Indemnification Agreements and Guarantees

In the ordinary course of business, FHN enters into indemnification agreements for legal proceedings against its directors and officers and standard representations and warranties for underwriting agreements, merger and acquisition agreements, loan sales, contractual commitments, and various other business transactions or arrangements. The extent of FHN’s obligations under these agreements depends upon the occurrence of future events; therefore, it is not possible to estimate a maximum potential amount of payouts that could be required with such agreements.

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Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 17 – Earnings Per Share

The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders:
(Dollars in thousands)	2014		2013		2012
Income/(loss) from continuing operations	$	234,046	$	37,821	$	(15,500)
Income/(loss) from discontinued operations, net of tax		-		548		148
Net income/(loss)		234,046		38,369		(15,352)
Net income attributable to noncontrolling interest		11,527		11,465		11,464
Net income/(loss) attributable to controlling interest		222,519		26,904		(26,816)
Preferred stock dividends		6,200		5,838		-
Net income/(loss) available to common shareholders	$	216,319	$	21,066	$	(26,816)
Income/(loss) from continuing operations	$	234,046	$	37,821	$	(15,500)
Net income attributable to noncontrolling interest		11,527		11,465		11,464
Preferred stock dividends		6,200		5,838		-
Net income/(loss) from continuing operations available to common shareholders	$	216,319	$	20,518	$	(26,964)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

The component of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was $222.5 million, $26.4 million and $(27.0) million during the years ended December 31, 2014, 2013, and 2012, respectively.

The following table provides a reconciliation of weighted average common shares to diluted average common shares:
(Shares in thousands)	2014		2013		2012
Weighted average common shares outstanding - basic	234,997			237,972	248,349
Effect of dilutive securities		1,738		1,822	-
Weighted average common shares outstanding - diluted	236,735			239,794	248,349

The following tables show earnings/(loss) per common and diluted share:
Earnings/(loss) per common share:	2014		2013		2012
Income/(loss) per share from continuing operations available to common shareholders	$	0.92	$	0.09	$	(0.11)
Income/(loss) per share available to common shareholders	$	0.92	$	0.09	$	(0.11)
Diluted earnings/(loss) per common share:
Diluted income/(loss) per share from continuing operations available to common shareholders	$	0.91	$	0.09	$	(0.11)
Diluted income/(loss) per share available to common shareholders	$	0.91	$	0.09	$	(0.11)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

For the years ended December 31, 2014 and 2013, the dilutive effect for all potential common shares was 1.7 million and 1.8 million, respectively. Due to the net loss attributable to common shareholders for the year ended December 31, 2012, no potentially dilutive shares were included in the loss per share calculation as including such shares would have been antidilutive. Stock options of 4.6 million, 7.9 million and 10.0 million with weighted average exercise prices of $23.46, $21.95, and $22.07 per share for the years ended December 31, 2014, 2013 and 2012, respectively, were excluded from diluted shares because including such shares would be antidilutive.

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Term Borrowings (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2004	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Term borrowings		$ 1,880,105,000	$ 1,739,859,000
First Horizon National Corporation | Capital Securities Series B
Debt Instrument [Line Items]
Debt Instrument Maturity Date	Apr. 15, 2034
First Horizon National Corporation | Subordinated Debentures Subject To Mandatory Redemption [Member] | Capital Securities Series B
Debt Instrument [Line Items]
Term borrowings	$ 206,000,000
Debt Instrument Interest Rate Stated Percentage	6.30%
First Tennesee Capital II | Capital Securities Series B
Debt Instrument [Line Items]
Capital securities value	$ 200,000,000
Interest rate of capital securities	6.30%
Debt Instrument Maturity Date	Apr. 15, 2034

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Contingencies And Other Disclosures (Tables)

12 Months Ended

Dec. 31, 2014

Commitments And Contingencies Disclosure Abstract

Schedule Of Original Purchase And Ending Balance Amount Of Investments Subject To Litigation

		Alt-A				Jumbo
(Dollars in thousands)		Senior		Junior		Senior		Junior
Vintage
Original Purchase Price:
	2005	$	200,117	$	-	$	30,000	$	-
	2006		77,906		-		-		-
	2007		199,012		-		50,000		-
	Total	$	477,035	$	-	$	80,000	$	-
Ending Balance per the December 25, 2014, trust statements:
	2005	$	51,564	$	-	$	10,342	$	-
	2006		33,066		-		-		-
	2007		86,038		-		14,711		-
	Total	$	170,668	$	-	$	25,053	$	-

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Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Loans And Leases Receivable Allowance [Abstract]

Rollforward Of The Allowance For Loan Losses By Portfolio Segment

The following table provides a rollforward of the allowance for loan losses by portfolio segment for December 31, 2014, 2013, and 2012:
				Commercial		Consumer		Permanent		Credit Card
(Dollars in thousands)			C&I	Real Estate		Real Estate		Mortgage		and Other			Total
Balance as of January 1, 2012		$	130,413	$	55,586	$	165,077	$	26,194	$	7,081	$	384,351
Charge-offs (a)			(30,887)		(19,977)		(147,918)		(13,604)		(12,624)		(225,010)
Recoveries			11,151		4,475		17,770		3,024		3,202		39,622
Provision(b)			(14,486)		(20,087)		94,020		9,314		9,239		78,000
Balance as of December 31, 2012			96,191		19,997		128,949		24,928		6,898		276,963
Allowance - individually evaluated for impairment			17,799		156		35,289		21,713		203		75,160
Allowance - collectively evaluated for impairment			78,392		19,841		93,660		3,215		6,695		201,803
Loans, net of unearned as of December 31, 2012:
	Individually evaluated for impairment		123,636		49,517		160,000		120,924		818		454,895
	Collectively evaluated for impairment		8,673,320		1,118,718		5,528,703		644,659		288,287		16,253,687
Total loans, net of unearned		$	8,796,956	$	1,168,235	$	5,688,703	$	765,583	$	289,105	$	16,708,582
Balance as of January 1, 2013		$	96,191	$	19,997	$	128,949	$	24,928	$	6,898	$	276,963
Charge-offs			(22,936)		(3,502)		(73,642)		(9,934)		(11,404)		(121,418)
Recoveries			12,487		4,275		21,360		2,473		2,669		43,264
Provision			704		(10,167)		50,118		5,024		9,321		55,000
Balance as of December 31, 2013			86,446		10,603		126,785		22,491		7,484		253,809
Allowance - individually evaluated for impairment			14,295		1,600		44,173		17,042		224		77,334
Allowance - collectively evaluated for impairment			72,132		8,218		82,601		5,449		7,258		175,658
Allowance - purchase credit impaired loans			19		785		11		-		2		817
Loans, net of unearned as of December 31, 2013:
	Individually evaluated for impairment		80,231		27,812		170,422		121,458		545		400,468
	Collectively evaluated for impairment		7,836,250		1,066,639		5,162,060		540,784		336,047		14,941,780
	Purchased credit-impaired loans		7,095		38,828		889		-		14		46,826
Total loans, net of unearned		$	7,923,576	$	1,133,279	$	5,333,371	$	662,242	$	336,606	$	15,389,074
Balance as of January 1, 2014		$	86,446	$	10,603	$	126,785	$	22,491	$	7,484	$	253,809
Charge-offs			(20,492)		(3,741)		(45,391)		(5,891)		(14,931)		(90,446)
Recoveries			9,666		4,150		22,824		2,314		3,131		42,085
Provision			(8,609)		7,562		8,793		208		19,046		27,000
Balance as of December 31, 2014			67,011		18,574		113,011		19,122		14,730		232,448
Allowance - individually evaluated for impairment			5,173		796		40,778		16,627		254		63,628
Allowance - collectively evaluated for impairment			61,806		14,702		72,156		2,495		14,476		165,635
Allowance - purchased credit-impaired loans			32		3,076		77		-		-		3,185
Loans, net of unearned as of December 31, 2014:
	Individually evaluated for impairment		35,698		19,430		173,225		113,459		533		342,345
	Collectively evaluated for impairment		8,966,512		1,222,658		4,874,171		425,502		357,588		15,846,431
	Purchased credit-impaired loans		5,076		35,629		675		-		10		41,390
Total loans, net of unearned		$	9,007,286	$	1,277,717	$	5,048,071	$	538,961	$	358,131	$	16,230,166

• 2012 includes approximately $33 million of charge-offs associated with discharged bankruptcies, largely included in the consumer real estate portfolio segment.
• 2012 includes approximately $23 million of loan loss provision related to dischargedbankruptcies.

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Pension, Savings, And Other Employee Benefits

12 Months Ended

Dec. 31, 2014

Pension, Savings, And Other Employee Benefits [Abstract]

Pension, Savings, And Other Employee Benefits

Note 19 – Pension, Savings, and Other Employee Benefits

Pension plan. FHN sponsors a noncontributory, qualified defined benefit pension plan to employees hired or re-hired on or before September 1, 2007. Pension benefits are based on years of service, average compensation near retirement or other termination, and estimated social security benefits at age 65. Benefits under the plan are “frozen” so that years of service and compensation changes after 2012 do not affect the benefit owed. The contributions are based upon actuarially determined amounts necessary to fund the total benefit obligation. FHN did not make any contributions to the qualified pension plan in 2014. Future decisions to contribute to the plan will be based upon pension funding requirements under the Pension Protection Act, the maximum amount deductible under the Internal Revenue Code, and the actual performance of plan assets. Management has assessed the need for future contributions, and does not currently anticipate that FHN will make a contribution to the qualified pension plan in 2015.

FHN also maintains non-qualified plans including a supplemental retirement plan that covers certain employees whose benefits under the qualified pension plan have been limited by tax rules. These other non-qualified plans are unfunded, and contributions to these plans cover all benefits paid under the non-qualified plans. Payments made under the non-qualified plans were $5.0 million for 2014. FHN anticipates making benefit payments under the non-qualified plans of $5.0 million in 2015.

Savings plan.FHN provides all qualifying full-time employees with the opportunity to participate in the FHN tax qualified 401(k) savingsplan. The qualified plan allows employees to defer receipt of earned salary, up to tax law limits, on a tax-advantaged basis. Accounts, which areheld in trust, may be invested in a wide range of mutual funds and in FHN common stock. Up to tax law limits, FHN provides a100 percentmatch for the first 6 percent of salary deferred in both 2014 and 2013, with company match contributions invested according to a participant’s current investment elections. Prior to the discontinuance of the accrual of benefits under the qualified pension plan as of December 31, 2012, FHN provided a company match of 50 percent of the first 6 percent of salary deferred, subject to Code limitations, with the company match contribution initially invested in company stock. The savings plan also allows employees to invest in a non-leveraged ESOP. Cash dividends on shares held by the ESOP are charged to retained earnings and the shares are considered outstanding in computing earnings per share. The number of allocated shares held by the ESOP totaled 9,160,613 on December 31, 2014. Beginning in 2013,FHN provides a restorative benefitthrough a non-qualified savings restoration plan to certainhighly-compensated employees who participate in the savings plan and whose contribution elections are capped by tax limitations.

FHN also provides “flexible dollars” to assist employees with the cost of annual benefits and/or allow the employee to contribute to his or her qualified savings plan. These “flexible dollars” are pre-tax contributions and are based upon the employees’ years of service and qualified compensation. Contributions made by FHN through the flexible benefits plan and the company matches were $20.4 million for 2014, $20.4 million for 2013 and $16.8 million for 2012.

Other employee benefits. FHN provides postretirement life insurance benefits to certain employees and also provides postretirement medical insurance benefits to retirement-eligible employees. The postretirement medical plan is contributory. For the 2013 plan year, certain retiree contributions were adjusted based on criteria that were a combination of the employee’s age and/or years of service. For the 2014 plan year FHN contributed a fixed amount for each participant. FHN’s postretirement benefits include prescription drug benefits. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (“the Act”) introduced a prescription drug benefit under Medicare Part D as well as a federal subsidy to sponsors of retiree health care that provide a benefit that is actuarially equivalent to Medicare Part D. At this time, FHN does not anticipate receiving a prescription drug subsidy under the Act. In third quarter 2013, FHN notified participants of revisions to the retiree medical plan effective January 1, 2014, which represented a negative plan amendment, the effects of which are being prospectively amortized beginning in third quarter 2013.

Actuarial assumptions. FHN’s process for developing the long-term expected rate of return of pension plan assets is based on capital marketexposure as the source of investment portfolio returns. Capital market exposure refers to the plan’s broad allocation of its assets to assetclasses, such as large cap equity and fixed income. FHN also considers expectations for inflation, real interest rates, and various riskpremiums based primarily on the historical risk premium for each asset class. The expected return is based upon a thirty year time horizon.Consequently, FHN selected a 5.85percent assumption for 2015 for the defined benefit pension plan and a 2.30 percent assumption forpostretirement medical plan assets dedicated to employees who retired prior to January 1, 1993. FHN selected a 6.35 percent assumption for postretirement medical plan assets dedicated to employees who retired after January 1, 1993.

The discount rates for the three years ended 2014 for pension and other benefits were determined by using a hypothetical AA yield curverepresented by a series of annualized individual discount rates from one-half to thirty years. The discount rates are selected based upon dataspecific to FHN’s plans and employee population. The bonds used to create the hypothetical yield curve were subjected to several requirementsto ensure that the resulting rates were representative of the bonds that would be selected by management to fulfill the company’s fundingobligations. In addition to the AA rating, only non-callable bonds were included. Each bond issue was required to have at least $250 million paroutstanding so that each issue was sufficiently marketable. Finally, bonds more than two standard deviations from the average yield wereremoved. When selecting the discount rate, FHN matches the duration of high quality bonds with the duration of the obligations of the plan asof the measurement date. High quality corporate bonds experienced decreasing yields in 2014 resulting in a discount rate lower than 2013 andtherefore a higher benefit obligation. For all years presented, the measurement date of the benefit obligations and net periodic benefit costs wasDecember 31.

The actuarial assumptions used in the defined benefit pension plan and other employee benefit plans were as follows:
	Benefit Obligations			Net Periodic Benefit Cost
	2014	2013	2012	2014	2013	2012
Discount rate
Qualified pension	4.30%	5.15%	4.35%	5.15%	4.35%	5.10%
Nonqualified pension	4.00%	4.70%	3.85%	4.70%	3.85%	4.75%
Other nonqualified pension	3.35%	4.05%	3.20%	4.05%	3.20%	4.40%
Postretirement benefits	3.45% - 4.45%	4.10% - 5.35%	3.80% - 4.55%	4.10% - 5.35%	3.80% - 4.55%	4.75% - 5.25%
Expected long-term rate of return
Qualified pension/postretirement benefits	5.85%	6.60%	6.05%	6.60%	6.05%	6.90%
Postretirement benefit (retirees post January 1, 1993)	6.35%	6.95%	6.05%	6.95%	6.05%	6.90%
Postretirement benefit (retirees prior to January 1, 1993)	2.30%	2.85%	3.93%	2.85%	3.93%	4.49%
Rate of compensation increase (a)	N/A	N/A	4.10%	N/A	N/A	4.10%

(a) Due to the pension plan freeze as of December 31, 2012, the rate of compensation increase no longer applies to the qualified pension plan.

In 2014, the Society of Actuaries published updated life expectancy tables based upon a study of recent non-governmental pension plan experience in the United States. These new tables reflect the increased longevity of pension plan participants as well as projected future improvements in life expectancy in comparison to prior life expectancy tables. FHN included the newly released tables within the annual re-measurement of its pension and postretirement plan calculations for 2014. Consideration of the new life expectancy tables resulted in an increase of the projected benefit obligations for FHN’s pension plans of approximately 8 percent in comparison to use of the former tables.

The health care cost trend rate assumption previously had a significant effect on the amounts reported. However, given the change to a defined contribution subsidy model for postretirement medical insurance benefits, a one-percentage-point change in assumed health care cost trend rates would have no impact on the reported service and interest cost components or the postretirement benefit obligation at the end of the plan year since the annual rate of increase in health care costs was no longer included in the actuarial assumptions for that plan for year end2014 measurements.

The components of net periodic benefit cost for the plan years 2014, 2013 and 2012 are as follows:
		Total Pension Benefits						Other Benefits
(Dollars in thousands)		2014		2013		2012		2014		2013		2012
Components of net periodic benefit cost
Service cost (a)	$	56	$	63	$	14,800	$	207	$	460	$	467
Interest cost		34,915		32,361		33,040		1,754		2,033		2,298
Expected return on plan assets		(40,093)		(34,946)		(39,813)		(1,025)		(816)		(915)
Amortization of unrecognized:
Transition (asset)/obligation		-		-		-		-		-		736
Prior service cost/(credit)		346		353		398		(1,163)		(299)		(9)
Actuarial (gain)/loss (b)		6,898		9,832		35,999		(1,006)		(171)		(488)
Net periodic benefit cost		2,122		7,663		44,424		(1,233)		1,207		2,089
ASC 715 curtailment/settlement expense (c)		-		370		1,231		-		-		-
ASC 715 special termination benefits (d)		1,009		-		-		-		-		-
Total periodic benefit costs	$	3,131	$	8,033	$	45,655	$	(1,233)	$	1,207	$	2,089

(a) 2014 and 2013 decline in total pension benefits service cost reflects the freeze of the pension plans effective December 31, 2012.

(b) 2014 and 2013 decline in recognition of total pension benefits actuarial loss driven by the change in amortization term from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants in conjunction with the freeze of the pension plans on December 31, 2012.

(c)In 2013 and 2012, lump sum payments under the supplemental retirement plan triggered settlement accounting. In accordance with its practice, FHN performed a remeasurement of the plan in conjunction with the settlement and realized an ASC 715 settlement expense.

(d) In 2014, a one-time special termination benefits charge was recognized related to recalculation of a participant’s benefit under a non-qualified plan upon retirement.

The long-term expected rate of return is applied to the market-related value of plan assets in determining the expected return on plan assets. FHN determines the market-related value of plan assets using a calculated value that recognizes changes in the fair value of plan assets over five years, as permitted by GAAP.

The following tables set forth the plans' benefit obligations and plan assets for 2014 and 2013:
	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014		2013
Change in Benefit Obligation
Benefit obligation, beginning of year	$	693,716	$	766,947	$	38,464	$	54,716
Service cost		56		63		207		460
Interest cost		34,915		32,361		1,754		2,033
Plan amendments		-		-		-		(10,678)
Actuarial (gain)/loss (a) (b)		157,619		(78,617)		(3,293)		(7,237)
Actual benefits paid		(27,462)		(27,038)		(1,804)		(1,030)
Expected Medicare Part D reimbursement		-		-		-		200
Special termination benefits		1,009		-		-		-
Benefit obligation, end of year	$	859,853	$	693,716	$	35,328	$	38,464
Change in Plan Assets
Fair value of plan assets, beginning of year	$	640,605	$	633,972	$	16,360	$	14,288
Actual return on plan assets		78,491		28,699		973		2,659
Employer contributions		3,915		4,972		1,110		443
Actual benefits paid - settlement payments		-		(1,160)		(1,804)		(1,030)
Actual benefits paid - other payments		(27,462)		(25,878)		-		-
Fair value of plan assets, end of year	$	695,549	$	640,605	$	16,639	$	16,360
Funded status of the plans	$	(164,304)	$	(53,111)	$	(18,689)	$	(22,104)
Amounts Recognized in the Statements of
Financial Condition
Other assets	$	-	$	-	$	11,882	$	9,158
Other liabilities		(164,304)		(53,111)		(30,571)		(31,262)
Net asset/(liability) at end of year	$	(164,304)	$	(53,111)	$	(18,689)	$	(22,104)

• 2013 change in other benefits actuarial (gain)/loss driven by a change in the retiree medical plan.
• 2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

The qualified and nonqualified pension plans were underfunded as of December 31, 2014, by $114.3million, and $50.0million, respectively. At year-end 2013, the qualified and nonqualified pension plans were underfunded by $6.3million, and $46.9million, respectively. Because of the pension freeze as of the end of 2012, the pension benefit obligation and the accumulated benefit obligation are the same as of December 31, 2014 and 2013. The projected benefit obligation and the accumulated benefit obligation for the qualified pension plan exceeded all corresponding plan assets as of December 31, 2014 and 2013.

Unrecognized transition assets and obligations, unrecognized actuarial gains and losses, and unrecognized prior service costs and credits are recognized as a component of accumulated other comprehensive income. Balances reflected in accumulated other comprehensive income on a pre-tax basis for the years ended December 31, 2014 and 2013 consist of:

	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014		2013
Amounts Recognized in Accumulated Other Comprehensive Income
Prior service cost/(credit)	$	581	$	927	$	(8,577)	$	(9,740)
Net actuarial (gain)/loss		354,264		241,941		(10,664)		(8,429)
Total	$	354,845	$	242,868	$	(19,241)	$	(18,169)

The pre-tax amounts recognized in other comprehensive income during 2014 and 2013 were as follows:
		Total Pension Benefits				Other Benefits
(Dollars in thousands)		2014		2013		2014		2013
Changes in plan assets and benefit obligation recognized in other comprehensive income
Net actuarial (gain)/loss arising during measurement period (a)		$	119,217	$	(72,376)	$	(3,241)	$	(9,080)
Prior service cost/(credit) arising during measurement period			-		-		-		(10,678)
Items amortized during the measurement period:
	Net transition (asset)/obligation		-		-		-		-
	Prior service credit/(cost)		(346)		(353)		1,163		299
	Net actuarial gain/(loss)		(6,898)		(10,202)		1,006		171
Total recognized in other comprehensive income		$	111,973	$	(82,931)	$	(1,072)	$	(19,288)

2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

FHN utilizes the minimum amortization method in determining the amount of actuarial gains or losses to include in plan expense. Under this approach, the net deferred actuarial gain or loss that exceeds a threshold is amortized over the average remaining service period of active plan participants. The threshold is measured as the greater of: 10 percent of a plan’s projected benefit obligation as of the beginning of the year or 10 percent of the market-related value of plan assets as of the beginning of the year. In conjunction with the freeze of the pension plans on December 31, 2012, all participants are considered inactive under applicable accounting guidance for determining the appropriate period for prospective amortization of actuarial gains and losses. Thus, effective January 1, 2013, FHN changed the amortization term for actuarial gains and losses from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants.

The estimated net actuarial (gain)/loss, prior service cost/(credit), and transition (asset)/obligation for the plan that will amortize from accumulated other comprehensive income into net periodic benefit cost during the following fiscal year are as follows:
	Total Pension Benefits				Other Benefits
(Dollars in thousands)	2014		2013		2014		2013
Prior service cost/(credit)	$	332	$	346	$	(1,163)	$	(1,163)
Net actuarial (gain)/loss		9,582		6,539		(976)		(755)

FHN does not expect any defined benefit pension plan’s and other employee benefit plan’s assets to be returned to FHN in 2015.

The following table provides detail on expected benefit payments, which reflect expected future service, as appropriate:
		Pension		Other
(Dollars in thousands)		Benefits		Benefits
2015	$	29,897	$	1,427
2016		32,497		1,462
2017		34,434		1,502
2018		36,405		1,548
2019		38,266		1,597
2020-2024		219,771		8,831

Plan assets. FHN’s overall investment goal is to create, over the life of the pension plan and retiree medical plan, an adequate pool of sufficiently liquid assets to support the pension benefit obligations to participants, retirees, and beneficiaries, as well as to partially support the medical obligations to retirees and beneficiaries. Thus, the pension plan and retiree medical plan seek to achieve a high level of investment return consistent with a prudent level of portfolio risk.

FHN has adopted an investment strategy that reduces equities and increases long duration fixed income allocations over time with the intention of reducing volatility of funded status and pension costs. At December 31, 2014 and 2013, the target allocation to equities was 32.5percent and the target allocation to fixed income and cash equivalents was 67.5percent. Equity securities, most of which are included in common and collective funds, primarily include investments in large capital and small capital companies located in the U.S., as well as international equity securities in developed and emerging markets. Fixed income securities include U.S. treasuries, corporate bonds of companies from diversified industries, municipal bonds, and foreign bonds. Fixed income investments generally have long durations consistent with the estimated pension liabilities of FHN. Retiree medical funds are kept in short-term investments, primarily money market funds and mutual funds. On December 31, 2014 and 2013, FHN did not have any significant concentrations of risk within the plan assets related to the pension plan or the retiree medical plan.

The fair value of FHN’s pension plan assets at December 31, 2014 and December 31, 2013, by asset category classified using the Fair Value measurement hierarchy is shown in the table below. See Note 25 – Fair Value of Assets and Liabilities for more details about Fair Value measurements.

	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	5,817	$	-	$	-	$	5,817
Equity securities:
U.S. mid capital		10,803		-		-		10,803
Fixed income securities:
U.S. treasuries		-		3,684		-		3,684
Corporate, municipal and foreign bonds		-		230,808		-		230,808
Common and collective funds:
Fixed income		-		231,666		-		231,666
U.S. large capital		-		119,234		-		119,234
U.S. small capital		-		39,449		-		39,449
International		-		54,088		-		54,088
Total	$	16,620	$	678,929	$	-	$	695,549

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	9,347	$	-	$	-	$	9,347
Equity securities:
U.S. mid and small capital		63,834		-		-		63,834
Fixed income securities:
U.S. treasuries		-		4,585		-		4,585
Corporate, municipal and foreign bonds		-		199,896		-		199,896
Common and collective funds:
Fixed income		-		205,580		-		205,580
U.S. large capital		-		102,702		-		102,702
International		-		54,661		-		54,661
Total	$	73,181	$	567,424	$	-	$	640,605

Any shortfall of investment performance compared to investment objectives should be explainable in terms of general economic and capitalmarket conditions. The Retirement Investment Committee, comprised of senior managers within the organization, meets regularly toreview asset performance and potential portfolio rebalancing. Rebalancing of pension assets is based upon a de-risking glide path as well asliquidity needs for plan benefits. Rebalancing occurs on a quarterly basis or as improvements in funded status merit changes to the targetedallocations, as defined in the de-risking glide path. The Committee also periodically reviews other elements of risk for its pension investmentprogram, including the organization’s ability to assume pension investment risk.

The fair value of FHN's retiree medical plan assets at December 31, 2014 and December 31, 2013 by asset category are as follows:
	December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	425	$	-	$	-	$	425
Mutual funds:
Equity mutual funds		9,627		-		-		9,627
Fixed income mutual funds		6,587		-		-		6,587
Total	$	16,639	$	-	$	-	$	16,639

	December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents and money market funds	$	600	$	-	$	-	$	600
Equity securities:
U.S. small capital		1,613		-		-		1,613
Mutual funds:
Equity mutual funds		9,102		-		-		9,102
Fixed income mutual funds		4,511		-		-		4,511
Fixed income securities:
U.S. treasuries		-		119		-		119
Corporate and foreign bonds		-		415		-		415
Total	$	15,826	$	534	$	-	$	16,360
The number of shares of FHN common stock held by the qualified pension plan was 792,607 for 2014 and 2013.

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Stock Options, Restricted Stock Incentive, and Dividend Reinvestment Plans

12 Months Ended

Dec. 31, 2014

Employee Benefits And Share Based Compensation [Abstract]

Stock Option, Restricted Stock Incentive, And Dividend Reinvestment Plans [Text Block]

Note 20 – Stock Option, Restricted Stock Incentive, and Dividend Reinvestment Plans

Equity compensation plans

FHN currently has one plan, its shareholder-approved Equity Compensation Plan ("ECP"), which authorizes the grant of new stock-based awards to employees and directors. Most awards outstanding at year end were granted under the ECP, though older stock options and certain deferred stock units remain outstanding under several plans which no longer are active. The ECP authorizes a broad range of award types, including restricted shares, stock units, and stock options. Stock units may be paid in shares or cash, depending upon the terms of the award. The ECP also authorizes the grant of stock appreciation rights, though no such grants have been made. Awards generally have service-vesting conditions, meaning that the employee must remain employed by FHN for certain periods in order for the award to vest. Some outstanding awards also have performance conditions, and one outstanding award has performance conditions associated with FHN's stock price. FHN operates the ECP by establishing award programs, each of which is intended to cover a specific need. Programs are created, changed, or terminated as needs change. Unvested awards have service and/or performance conditions which must be met in order for the shares to vest. On December 31, 2014, there were8,782,972shares available for new awards under the ECP. The ECP imposes a separate limit on full-value (non-option) awards which is included within the overall limit; at December 31, 2014 there were 8,576,003 shares available to be granted as full-value awards.

Service condition full-value awards. Awards may be granted with service conditions only. In recent years programs using these awards have included an annual program for selected management employees, a mandatory deferral program for executives tied to annual bonuses earned, other mandatory deferral programs, various retention programs, and special hiring-incentive situations. Details of the awards vary by program, but most are settled in shares at vesting rather than cash, and vesting rarely begins earlier than the first anniversary of grant and rarely extends beyond the fourth anniversary of grant. Annual programs tend to use multiple annual vesting dates while retention programs tend to use a single vesting date, but there are exceptions.

Performance condition awards. Under FHN's long-term incentive and corporate performance programs, performance stock units (executives) and cash units (selected management employees) are granted annually and vest only if predetermined performance measures are met. The measures are changed each year based on goals and circumstances prevailing at the time of grant. In recent years the performance periods have been three years, with service-vesting on the third anniversary of the grant. Recent annual performance awards require pro-rated forfeiture for performance falling between a threshold level and a maximum, but all-or-nothing awards have been granted and one such award was outstanding at year-end. Performance awards sometimes are used to provide a narrow, targeted incentive to a single person or small group; one such award which represents a market performance condition to FHN's CEOis discussed in the next paragraph. Of the annual program awards paid during 2014 or outstanding on December 31, 2014: performance conditions related to the 2010 units were met at the 50 percent payout level, so that 25 percent were paid in 2013 and 25 percent in 2014 with the remaining 50 percent forfeited; performance conditions related to the 2011 units were met at the 87.5 percent payout level and were paid in 2014;the three-year performance period of the 2012 units has ended but performance is measured relative to peers and has not yet been determined; and, the three-year performance periods for the 2013 and 2014 units have not ended.

Market condition award. In 2012, FHN made a special grant of performance stock units to FHN's Chief Executive Officer which will vest at the end of a five year performance period. The award has no provision for pro-rated payment based on partial performance. The award's two alternative performance goals are: FHN's common stock price achieves and maintains a certain level for a certain period of time; or FHN's total shareholder return during the entire period achieves a certain level.

Director awards. Non-employee directors receive cash and annual grants of service-conditioned stock units under a program approved by the board of directors. Some units are settled in cash, and others are settled in shares, at vesting in the year following the year of grant. In 2013 and 2014 each director received $45,000 of stock units, representing a portion of their annual retainer, that were settled in shares. Starting with the annual meeting in second quarter 2013, directors also began receiving stock units settled in cash. Those cash-settled units were granted in lieu of cash meeting fees. The amount of such units each director receives varies with committee assignment. A supplemental annual award of cash-settled stock units also is granted to the lead director. Prior to 2007 the board granted 8,930 shares of restricted stock to each new non-employee director upon election to the board, with restrictions lapsing at a rate of ten percent per year. That program was discontinued in 2007, although a legacy award remains outstanding.

The summary of restricted and performance stock and unit activity during the year ended December 31, 2014, is presented below:
	Shares/Units		Weighted average grant date fair value
Nonvested on January 1, 2014	4,174,196	$	10.51
Shares/units granted	874,242		11.62
Shares/units vested	(1,402,901)		11.02
Shares/units cancelled	(290,392)		11.35
Nonvested on December 31, 2014	3,355,145	$	10.51

The weighted average grant date fair value for shares/units granted in 2013 and 2012 was $10.63 and $9.25, respectively.

On December 31, 2014, there was $14.2 million of unrecognized compensation cost related to nonvested restricted stock awards. That cost is expected to be recognized over a weighted-average period of 2.4 years. The total grant date fair value of shares vested during 2014, 2013 and 2012, was $15.5 million, $13.8 million and $12.1 million, respectively.

Stock option awards. Currently FHN operates only a single option program, calling for annual grants of service-vested options to executives. In the past, however, option programs varied widely in their uses and terms, and many old-program options, granted under the ECP or its predecessor plans, remain outstanding today. All options granted since 2005 provide for the issuance of FHN common stock at a price fixed at its fair market value on the grant date. All options granted since 2008 vest fully no later than the fourth anniversary of grant, and all such options expire seven years from the grant date. A deferral program, which was discontinued in 2005, allowed for foregone compensation plus the exercise price to equal the fair market value of the stock on the date of grant if the grantee agreed to receive the options in lieu of compensation. Deferral options granted prior to January 2, 2004, expire 20 years from the grant date, while those granted in the final year of that program have only ten-year terms. FHN granted no stock options in 2009 or 2010.

The summary of stock option activity for the year ended December 31, 2014, is shown below:
	Options Outstanding		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (thousands)
January 1, 2014	8,593,175	$	19.29
Options granted	592,551		11.77
Options exercised	(199,880)		10.74
Options expired/cancelled	(1,194,739)		30.78
December 31, 2014	7,791,107		17.18	3.89	$	11,826
Options exercisable	5,820,652		19.34	3.56		6,376
Options expected to vest	1,970,455		10.81	4.88		5,449

The total intrinsic value of options exercised during 2014 was $.4 million. The total intrinsic value of options exercised during 2013 and 2012was immaterial. On December 31, 2014, there was $1.8 million of unrecognized compensation cost related to nonvested stock options. That cost is expected to be recognized over a weighted-average period of 2.5 years.

FHN granted592,551,866,742 and 1,248,685 stock options with a weighted average fair value of$3.50, $3.21 and $3.80 per option at grant date in 2014, 2013 and 2012, respectively.

FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted in 2014, 2013, and 2012 with the following assumptions:
	2014	2013	2012
Expected dividend yield	1.70%	1.84%	0.42%
Expected weighted-average lives of options granted	6.15 years	6.12 years	6.11 years
Expected weighted-average volatility	33.79%	36.19%	42.40%
Expected volatility range	24.55-61.49%	27.27 - 62.98%	35.80 - 62.21%
Risk-free interest rate	1.96%	1.16%	1.10%

Expected lives of options granted are determined based on the vesting period, historical exercise patterns and contractual term of the options. For options granted in 2014, 2013, and 2012, FHN used a blended volatility rate in order to more accurately reflect expected volatility. A portion of the weighted average volatility rate was derived by compiling daily closing stock prices over a historical period approximating the expected lives of the options. Additionally, because of market volatility experienced during this time period related to economic conditions and the impact on stock prices of financial institutions, FHN also incorporated a measure of implied volatility so as to incorporate more recent, normalized market conditions that are considered to better reflect future volatility. 

Compensation Cost. The compensation cost that has been included in income from continuing operations pertaining to stock-based awardswas $11.4 million, $16.1 million, and $16.2 million for 2014, 2013, and 2012, respectively. The corresponding total income tax benefits recognized were $4.4 million in 2014 and $6.2 million for 2013 and 2012.

Authorization. Consistent with Tennessee state law, only authorized, but unissued, stock may be utilized in connection with any issuance of FHN common stock which may be required as a result of stock based compensation awards. FHN generally obtains authorization from the Board of Directors to repurchase any stock that may be issued at the time a plan is approved or amended. These authorizations are automatically adjusted for stock splits and stock dividends.Repurchases are authorized to be made in the open market or through privately negotiated transactions and will be subject to market conditions, accumulation of excess equity, legal and regulatory restrictions, and prudent capital management. FHN does not currently expect to repurchase a material number of shares under the compensation plan-related repurchase program during the next annual period.

Dividend reinvestment plan.The Dividend Reinvestment and Stock Purchase Plan authorizes the sale of FHN’s common stock from stock acquired on the open market to shareholders who choose to invest all or a portion of their cash dividends or make optional cash payments of $25 to $10,000 per quarter without paying commissions. The price of stock purchased on the open market is the average price paid.

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Consolidated Statements Of Equity - USD ($)	Total		Preferred Stock Class A Preferred Stock	Common Stock		Capital Surplus		Undivided Profits		Accumulated Other Comprehensive Income/(Loss)		Noncontrolling Interest
Balance, at Dec. 31, 2011	$ 2,674,018,000		$ 0	$ 160,918,000		$ 1,601,346,000		$ 746,745,000		$ (130,156,000)	[1]	$ 295,165,000
Balance, shares at Dec. 31, 2011	257,468,000
Net income/(loss)	$ (15,352,000)		0	0		0		(26,816,000)		0	[1]	11,464,000
Fair value adjustments, net of tax:
Securities available-for-sale	(11,819,000)		0	0		0		0		(11,819,000)	[1]	0
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period	(27,204,000)		0	0		0		0		(27,204,000)	[1]	0
Prior service credit/(cost) arising during the period	0
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost	22,836,000		0	0		0		0		22,836,000	[1]	0
Comprehensive income/(loss)	(31,539,000)		0	0		0		(26,816,000)		(16,187,000)	[1]	11,464,000
Cash dividends declared:
Preferred stock ($6,200 per share for 2014 and $5,838 per share for 2013)	0
Common stock ($.20 per share for 2014 and 2013 and $.04 per share for 2012)	(9,933,000)		0	0		0		(9,933,000)		0	[1]	0
Common stock repurchased	$ (133,757,000)	[2]	0	$ (9,064,000)	[2]	(124,693,000)	[2]	0	[2]	0	[1],[2]	0	[2]
Common stock repurchased, shares	(14,502,000)			(14,502,000)
Common stock issued for:
Stock options and restricted stock-equity awards	$ 144,000		0	$ 395,000		(251,000)		0		0	[1]	0
Stock options and restricted stock - equity awards, shares	632,000			632,000
Tax benefit reversals-stock-based compensation plans	$ (4,140,000)		0	$ 0		(4,140,000)		0		0	[1]	0
Stock-based compensation expense	16,201,000		0	0		16,201,000		0		0	[1]	0
Dividends declared-noncontrolling interest of subsidiary preferred stock	(11,464,000)		0	0		0		0		0	[1]	(11,464,000)
Balance, at Dec. 31, 2012	$ 2,499,530,000		0	152,249,000		1,488,463,000		709,996,000		(146,343,000)	[1]	295,165,000
Balance, shares at Dec. 31, 2012	243,598,000
Net income/(loss)	$ 38,369,000		0	0		0		26,904,000		0	[1]	11,465,000
Fair value adjustments, net of tax:
Securities available-for-sale	(66,491,000)		0	0		0		0		(66,491,000)	[1]	0
Pension and postretirement plans:
Net actuarial gain/(loss) arising during the period	50,064,000		0	0		0		0		50,064,000	[1]	0
Prior service credit/(cost) arising during the period	6,563,000		0	0		0		0		6,563,000	[1]	0
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost	6,198,000		0	0		0		0		6,198,000	[1]	0
Comprehensive income/(loss)	34,703,000		0	0		0		26,904,000		(3,666,000)	[1]	11,465,000
Preferred stock issuance (1,000 shares issued at $100,000 per share net of offering costs)	95,624,000		95,624,000	0		0		0		0	[1]	0
Cash dividends declared:
Preferred stock ($6,200 per share for 2014 and $5,838 per share for 2013)	(5,838,000)		0	0		0		(5,838,000)		0	[1]	0
Common stock ($.20 per share for 2014 and 2013 and $.04 per share for 2012)	(48,302,000)		0	0		0		(48,302,000)		0	[1]	0
Common stock repurchased	$ (91,448,000)	[2]	0	$ (5,223,000)	[2]	(86,225,000)	[2]	0	[2]	0	[1],[2]	0	[2]
Common stock repurchased, shares	(8,356,000)			(8,356,000)
Common stock issued for:
Stock options and restricted stock-equity awards	$ 659,000		0	$ 705,000		(46,000)		0		0	[1]	0
Stock options and restricted stock - equity awards, shares	1,128,000			1,128,000
Tax benefit reversals-stock-based compensation plans	$ (1,569,000)		0	$ 0		(1,569,000)		0		0	[1]	0
Stock-based compensation expense	16,144,000		0	0		16,144,000		0		0	[1]	0
Dividends declared-noncontrolling interest of subsidiary preferred stock	(11,465,000)		0	0		0		0		0	[1]	(11,465,000)
Acquired noncontrolling interest - REIT	174,000		0	0		0		0		0	[1]	174,000
Other changes in equity	73,000		0	0		0		73,000		0	[1]	0
Balance, at Dec. 31, 2013	$ 2,488,377,000		95,624,000	147,731,000		1,416,767,000		682,833,000		(150,009,000)	[1]	295,431,000
Balance, shares at Dec. 31, 2013	236,370,000
Common stock issued for:
Real estate investment trust ("REIT") preferred stock issuance	$ 92,000		0	0		0		0		0		92,000
Net income/(loss)	234,046,000		0	0		0		222,519,000		0	[1]	11,527,000
Securities available-for-sale	29,822,000		0	0		0		0		29,822,000	[1]	0
Net actuarial gain/(loss) arising during the period	(71,173,000)		0	0		0		0		(71,173,000)	[1]	0
Prior service credit/(cost) arising during the period	0
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost	3,114,000		0	0		0		0		3,114,000	[1]	0
Comprehensive income/(loss)	195,809,000		0	0		0		222,519,000		(38,237,000)	[1]	11,527,000
Preferred stock ($6,200 per share for 2014 and $5,838 per share for 2013)	(6,200,000)		0	0		0		(6,200,000)		0	[1]	0
Common stock ($.20 per share for 2014 and 2013 and $.04 per share for 2012)	(47,567,000)		0	0		0		(47,567,000)		0	[1]	0
Common stock repurchased	$ (43,579,000)	[2]	0	$ (2,221,000)	[2]	(41,358,000)	[2]	0	[2]	0	[1],[2]	0	[2]
Common stock repurchased, shares	(3,554,000)			(3,554,000)
Stock options and restricted stock-equity awards	$ 2,146,000		0	$ 877,000		1,269,000		0		0	[1]	0
Stock options and restricted stock - equity awards, shares	1,404,000			1,404,000
Tax benefit reversals-stock-based compensation plans	$ (7,220,000)		0	$ 0		(7,220,000)		0		0	[1]	0
Stock-based compensation expense	11,351,000		0	0		11,351,000		0		0	[1]	0
Dividends declared-noncontrolling interest of subsidiary preferred stock	(11,527,000)		0	0		0		0		0	[1]	(11,527,000)
Balance, at Dec. 31, 2014	$ 2,581,590,000		$ 95,624,000	$ 146,387,000		$ 1,380,809,000		$ 851,585,000		$ (188,246,000)	[1]	$ 295,431,000
Balance, shares at Dec. 31, 2014	234,220,000

[1] Due to the nature of the preferred stock issued by FHN's subsidiaries, all components of other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.

[2] 2014 includes $38.5 million repurchased under the share repurchase program launched in 2014. 2013 and 2012 include $87.6 million, and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

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Parent Company Financial Information (Schedule Of Condensed Statements Of Income) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Dividend income:
Other income	$ 32,263,000	$ 40,341,000	$ 46,941,000
Adjusted gross income after provision for loan losses	1,150,762,000	1,166,951,000	1,281,996,000
Provision/(provision credit) for loan losses	27,000,000	55,000,000	78,000,000	[1]
Interest expense:
Short-term debt	4,765,000	4,704,000	5,286,000
Term borrowings	34,570,000	36,321,000	39,334,000
Total interest expense	81,531,000	94,679,000	110,286,000
Compensation, employee benefits and other expense	478,159,000	529,041,000	640,857,000
Income/(loss) before income taxes	318,231,000	18,432,000	(87,528,000)
Income tax benefit	84,185,000	(19,389,000)	(72,028,000)
Equity in undistributed net inome/(loss) of subsidiaries:
Net income/(loss) attributable to controlling interest	222,519,000	26,904,000	(26,816,000)
Parent Company [Member]
Dividend income:
Bank	180,000,000	180,000,000	100,000,000
Non-bank	446,000	957,000	390,000
Total dividend income	180,446,000	180,957,000	100,390,000
Interest income	2,000	125,000	329,000
Other income	6,265,000	3,468,000	1,050,000
Adjusted gross income after provision for loan losses	186,713,000	184,550,000	101,769,000
Provision/(provision credit) for loan losses	0	(925,000)	(1,850,000)
Interest expense:
Short-term debt	9,000	20,000	50,000
Term borrowings	23,808,000	24,058,000	24,365,000
Total interest expense	23,817,000	24,078,000	24,415,000
Compensation, employee benefits and other expense	30,400,000	37,490,000	40,286,000
Total expense	54,217,000	60,643,000	62,851,000
Income/(loss) before income taxes	132,496,000	123,907,000	38,918,000
Income tax benefit	(20,599,000)	(20,897,000)	(23,653,000)
Income/(loss) before equity in undistributed net income of subsidiaries	153,095,000	144,804,000	62,571,000
Equity in undistributed net inome/(loss) of subsidiaries:
Bank	68,836,000	(117,600,000)	(89,826,000)
Non-bank	588,000	(300,000)	439,000
Net income/(loss) attributable to controlling interest	$ 222,519,000	$ 26,904,000	$ (26,816,000)

[1] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

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Business Segment Information

12 Months Ended

Dec. 31, 2014

Business Segment Information [Abstract]

Business Segment Information

Note 21 – Business Segment Information

FHN has four business segments: regional banking, capital markets, corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customerslargely in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally. The capital markets segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of gains/(losses) on the extinguishment of debt, unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees (in periods subsequent to first quarter 2014 these amounts are significantly lower), and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges.

Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on an internal allocation method. Because the allocations are based on internally developed assignments and allocations, they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the years ended December 31:

(Dollars in thousands)		2014		2013		2012
Consolidated	Net interest income	$	627,718	$	637,374	$	688,667
	Provision for loan losses		27,000		55,000		78,000
	Noninterest income		550,044		584,577		671,329
	Noninterest expense		832,531		1,148,519		1,369,524
	Income/(loss) before income taxes		318,231		18,432		(87,528)
	Provision/(benefit) for income taxes		84,185		(19,389)		(72,028)
	Income/(loss) from continuing operations		234,046		37,821		(15,500)
	Income/(loss) from discontinued operations, net of tax		-		548		148
	Net income/(loss)	$	234,046	$	38,369	$	(15,352)
	Average assets	$	23,994,836	$	24,402,338	$	25,048,287
	Depreciation and amortization	$	56,896	$	71,616	$	117,972
	Expenditures for long-lived assets		38,880		41,463		21,862
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

(Dollars in thousands)		2014		2013		2012
Regional Banking	Net interest income	$	602,126	$	591,351	$	605,287
	Provision/(provision credit) for loan losses		29,187		18,460		(898)
	Noninterest income		254,705		247,717		253,470
	Noninterest expense		538,988		529,396		571,204
	Income/(loss) before income taxes		288,656		291,212		288,451
	Provision/(benefit) for income taxes		102,771		104,915		104,779
	Net income/(loss)	$	185,885	$	186,297	$	183,672
	Average assets	$	13,273,565	$	12,875,630	$	12,657,320
	Depreciation and amortization	$	38,271	$	46,864	$	73,720
	Expenditures for long-lived assets		30,833		34,764		17,617

Capital Markets	Net interest income	$	12,688	$	16,187	$	20,765
	Noninterest income		202,725		268,436		334,992
	Noninterest expense		146,847		232,429		263,015
	Income/(loss) before income taxes		68,566		52,194		92,742
	Provision/(benefit) for income taxes		25,741		19,618		35,044
	Net income/(loss)	$	42,825	$	32,576	$	57,698
	Average assets	$	2,069,472	$	2,255,852	$	2,297,051
	Depreciation and amortization	$	6,133	$	8,666	$	20,904
	Expenditures for long-lived assets		1,295		3,987		1,851

Corporate	Net interest income/(expense)	$	(54,175)	$	(46,178)	$	(35,908)
	Noninterest income		26,969		26,055		27,008
	Noninterest expense		61,387		64,865		84,251
	Income/(loss) before income taxes		(88,593)		(84,988)		(93,151)
	Provision/(benefit) for income taxes		(63,526)		(51,582)		(67,256)
	Net income/(loss)	$	(25,067)	$	(33,406)	$	(25,895)
	Average assets	$	5,588,328	$	5,186,034	$	5,218,611
	Depreciation and amortization	$	10,796	$	13,754	$	19,072
	Expenditures for long-lived assets		6,218		1,050		2,327

Non-Strategic	Net interest income	$	67,079	$	76,014	$	98,523
	Provision/(provision credit) for loan losses		(2,187)		36,540		78,898
	Noninterest income		65,645		42,369		55,859
	Noninterest expense		85,309		321,829		451,054
	Income/(loss) before income taxes		49,602		(239,986)		(375,570)
	Provision/(benefit) for income taxes		19,199		(92,340)		(144,595)
	Income/(loss) from continuing operations		30,403		(147,646)		(230,975)
	Income/(loss) from discontinued operations, net of tax		-		548		148
	Net income/(loss)	$	30,403	$	(147,098)	$	(230,827)
	Average assets	$	3,063,471	$	4,084,822	$	4,875,305
	Depreciation and amortization	$	1,696	$	2,332	$	4,276
	Expenditures for long-lived assets		534		1,662		67

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policiesfor additional information.

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Restructuring, Repositioning, And Efficiency (Schedule Of Restructuring And Repositioning Liability) (Details) - USD ($)	12 Months Ended			93 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Restructuring And Related Activities [Abstract]
Restructuring and repositioning reserve balance, Beginning balance	$ 3,126,000	$ 19,775,000	$ 12,026,000
Severance and other employee cost reserve	2,641,000	3,691,000	22,897,000
Reserve for facility consolidation costs	4,696,000	131,000	46,000
Other exit costs, professional fees, and other	0	0	111,000
Total accrued Liability	10,463,000	23,597,000	35,080,000
Payments related to: Severance and other employee costs	2,678,000	19,051,000	12,138,000
Payments related to: Facility consolidation costs	1,067,000	677,000	1,884,000
Payments related to: Other exit costs, professional fees, and other	0	0	15,000
Accrual reversals	30,000	743,000	1,268,000
Restructuring and repositioning reserve balance, Ending balance	6,688,000	3,126,000	19,775,000	$ 6,688,000
Severance and other employee related costs	2,641,000	3,691,000	22,897,000	107,025,000
Facility consolidation costs	4,696,000	131,000	46,000	45,523,000
Other exit costs, professional fees, and other	0	0	111,000	19,165,000
Total accrued Expense	7,337,000	3,822,000	23,054,000
Other restructuring and repositioning expense:
Mortgage banking (income)/ expense on servicing sales	(553,000)	2,192,000	2,635,000	25,449,000
(Gains)/losses on divestitures	0	(1,000,000)	(865,000)	(718,000)
Impairment of premises and equipment	222,000	385,000	22,000	23,004,000
Impairment of intangible assets				48,231,000
Impairment of other assets	0	0	12,000	40,504,000
Other	0	(96,000)	0	7,478,000
Total other restructuring and repositioning expense	(331,000)	1,481,000	1,804,000
Total restructuring and repositioning charges	$ 7,006,000	$ 5,303,000	$ 24,858,000	$ 323,333,000

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Loans (Accruing And Non-Accruing Loans By Class) (Details) - USD ($)	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 16,230,166,000		$ 15,389,074,000		$ 16,708,582,000
Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	8,974,676,000		7,843,817,000
Total Non-Accruing	32,610,000		79,759,000
Loans, net of unearned income	9,007,286,000		7,923,576,000		8,796,956,000
Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	4,927,439,000		5,215,773,000
Total Non-Accruing	120,632,000		117,598,000
Loans, net of unearned income	5,048,071,000	[1]	5,333,371,000	[1]	5,688,703,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	1,262,361,000		1,115,178,000
Total Non-Accruing	15,356,000		18,101,000
Loans, net of unearned income	1,277,717,000		1,133,279,000		1,168,235,000
Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	504,883,000		624,071,000
Total Non-Accruing	34,078,000		38,171,000
Loans, net of unearned income	538,961,000		662,242,000	[2]	765,583,000
Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	357,368,000		335,209,000
Total Non-Accruing	763,000		1,397,000
Loans, net of unearned income	358,131,000		336,606,000		$ 289,105,000
General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	7,480,824,000		6,710,216,000
Total Non-Accruing	19,641,000		42,749,000
Loans, net of unearned income	7,500,465,000		6,752,965,000
Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	1,162,894,000		790,463,000
Total Non-Accruing	124,000		146,000
Loans, net of unearned income	1,163,018,000		790,609,000
TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	325,882,000	[3]	336,043,000	[4]
Total Non-Accruing	12,845,000	[3]	36,864,000	[4]
Loans, net of unearned income	338,727,000	[3]	372,907,000	[4]
LOCOM valuation allowance	26,200,000		29,400,000
Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	1,192,008,000		1,036,732,000
Total Non-Accruing	14,499,000		16,422,000
Loans, net of unearned income	1,206,507,000		1,053,154,000
Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	34,724,000		39,618,000
Total Non-Accruing	857,000		1,679,000
Loans, net of unearned income	35,581,000		41,297,000
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	2,385,192,000		2,728,485,000
Total Non-Accruing	84,146,000		78,106,000
Loans, net of unearned income	2,469,338,000		2,806,591,000
R E Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	2,541,572,000		2,486,399,000
Total Non-Accruing	36,486,000		39,492,000
Loans, net of unearned income	2,578,058,000		2,525,891,000
Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	188,746,000		185,959,000
Total Non-Accruing	0		0
Loans, net of unearned income	188,746,000		185,959,000
Other Consumer Loans Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	168,612,000		149,236,000
Total Non-Accruing	763,000		1,397,000
Loans, net of unearned income	169,375,000		150,633,000
C&I Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	5,076,000		7,095,000
Total Non-Accruing	0		0
Loans, net of unearned income	5,076,000		7,095,000
CRE Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	35,629,000		38,828,000
Total Non-Accruing	0		0
Loans, net of unearned income	35,629,000		38,828,000
RE Installment Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	675,000		889,000
Total Non-Accruing	0		0
Loans, net of unearned income	675,000		889,000
Other Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing	10,000		14,000
Total Non-Accruing	0		0
Loans, net of unearned income	10,000		14,000
Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	15,950,951,000		15,031,486,000
30-89 Days Past Due	50,531,000		70,298,000
90+ Days Past Due	25,245,000		32,264,000
Total Accruing	16,026,727,000		15,134,048,000
Accruing | Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	8,970,366,000		7,833,401,000
30-89 Days Past Due	3,540,000		8,606,000
90+ Days Past Due	770,000		1,810,000
Accruing | Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	4,872,055,000		5,155,729,000
30-89 Days Past Due	38,689,000		38,560,000
90+ Days Past Due	16,695,000		21,484,000
Accruing | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,260,614,000		1,104,991,000
30-89 Days Past Due	1,632,000		9,109,000
90+ Days Past Due	115,000		1,078,000
Accruing | Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	495,619,000		606,707,000
30-89 Days Past Due	3,624,000		11,235,000
90+ Days Past Due	5,640,000		6,129,000
Accruing | Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	352,297,000		330,658,000
30-89 Days Past Due	3,046,000		2,788,000
90+ Days Past Due	2,025,000		1,763,000
Accruing | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	7,477,410,000		6,701,185,000
30-89 Days Past Due	3,196,000		8,606,000
90+ Days Past Due	218,000		425,000
Accruing | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,162,894,000		790,463,000
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Accruing | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	325,882,000	[3]	336,043,000	[4]
30-89 Days Past Due	0	[3]	0	[4]
90+ Days Past Due	0	[3]	0	[4]
Accruing | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,190,562,000		1,030,910,000
30-89 Days Past Due	1,446,000		5,822,000
90+ Days Past Due	0		0
Accruing | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	34,541,000		39,295,000
30-89 Days Past Due	183,000		323,000
90+ Days Past Due	0		0
Accruing | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	2,347,361,000		2,688,193,000
30-89 Days Past Due	26,738,000		25,609,000
90+ Days Past Due	11,093,000		14,683,000
Accruing | R E Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	2,524,019,000		2,466,647,000
30-89 Days Past Due	11,951,000		12,951,000
90+ Days Past Due	5,602,000		6,801,000
Accruing | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	185,015,000		182,798,000
30-89 Days Past Due	1,909,000		1,792,000
90+ Days Past Due	1,822,000		1,369,000
Accruing | Other Consumer Loans Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	167,272,000		147,846,000
30-89 Days Past Due	1,137,000		996,000
90+ Days Past Due	203,000		394,000
Accruing | C&I Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	4,180,000		5,710,000
30-89 Days Past Due	344,000		0
90+ Days Past Due	552,000		1,385,000
Accruing | CRE Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	35,511,000		34,786,000
30-89 Days Past Due	3,000		2,964,000
90+ Days Past Due	115,000		1,078,000
Accruing | RE Installment Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	675,000		889,000
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Accruing | Other Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	10,000		14,000
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Non-Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	112,552,000		128,379,000
30-89 Days Past Due	15,967,000		13,396,000
90+ Days Past Due	74,920,000		113,251,000
Total Non-Accruing	203,439,000		255,026,000
Non-Accruing | Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	636,000		19,039,000
30-89 Days Past Due	1,726,000		3,668,000
90+ Days Past Due	30,248,000		57,052,000
Non-Accruing | Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	93,740,000		88,606,000
30-89 Days Past Due	9,896,000		8,381,000
90+ Days Past Due	16,996,000		20,611,000
Non-Accruing | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,495,000		4,469,000
30-89 Days Past Due	1,963,000		395,000
90+ Days Past Due	11,898,000		13,237,000
Non-Accruing | Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	16,681,000		14,868,000
30-89 Days Past Due	2,382,000		952,000
90+ Days Past Due	15,015,000		22,351,000
Non-Accruing | Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		1,397,000
30-89 Days Past Due	0		0
90+ Days Past Due	763,000		0
Non-Accruing | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	636,000		19,039,000
30-89 Days Past Due	1,726,000		3,668,000
90+ Days Past Due	17,279,000		20,042,000
Non-Accruing | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		0
30-89 Days Past Due	0		0
90+ Days Past Due	124,000		146,000
Non-Accruing | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0	[3]	0	[4]
30-89 Days Past Due	0	[3]	0	[4]
90+ Days Past Due	12,845,000	[3]	36,864,000	[4]
Non-Accruing | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,495,000		4,339,000
30-89 Days Past Due	1,963,000		395,000
90+ Days Past Due	11,041,000		11,688,000
Non-Accruing | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		130,000
30-89 Days Past Due	0		0
90+ Days Past Due	857,000		1,549,000
Non-Accruing | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	66,410,000		59,385,000
30-89 Days Past Due	6,628,000		5,261,000
90+ Days Past Due	11,108,000		13,460,000
Non-Accruing | R E Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	27,330,000		29,221,000
30-89 Days Past Due	3,268,000		3,120,000
90+ Days Past Due	5,888,000		7,151,000
Non-Accruing | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		0
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Non-Accruing | Other Consumer Loans Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		1,397,000
30-89 Days Past Due	0		0
90+ Days Past Due	763,000		0
Non-Accruing | C&I Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		0
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Non-Accruing | CRE Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		0
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Non-Accruing | RE Installment Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		0
30-89 Days Past Due	0		0
90+ Days Past Due	0		0
Non-Accruing | Other Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0		0
30-89 Days Past Due	0		0
90+ Days Past Due	$ 0		$ 0

[1] Balances as of December 31, 2014 and 2013, include $ 76.8 million and $ 333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.

[2] Balance as of December 31, 201 3, includes $ 11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

[3] Total TRUPS i nclude s LOCOM valuation allowance of $ 26.2 million.

[4] Total TRUP S i nclu des LOCOM valuation allowance of $ 29 .4 million.

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Earnings Per Share (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations	$ 216,319,000	$ 20,518,000	$ (26,964,000)
Effect of dilutive securities	1,738,000	1,822,000	0
Dilutive shares	236,735,000	239,794,000	248,349,000
Parent Company [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations	$ 222,500,000	$ 26,400,000	$ (27,000,000)
Employee Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options, weighted average exercise price	$ 23.46	$ 21.95	$ 22.07
Shares excluded from computation of earnings per share	4,600,000	7,900,000	10,000,000
Other Equity Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of earnings per share			3,500,000

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Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Changes And Error Corrections [Abstract]

Schedule of Accounting Changes

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.
					As of December 31,
(Dollars in thousands, except per share amounts)					2014		2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
	Other assets			$	(4,700)	$	(5,340)
	Other liabilities				4,678		7,034
	Undivided profits				(9,378)		(12,374)
			For the Year Ended December 31,
			2014		2013		2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
	Other expense	$	(8,680)	$	(10,082)	$	(14,177)
	Provision/(benefit) for income taxes		5,684		12,780		13,234
	Income/(loss) available to common shareholders		2,996		(2,698)		943
	Diluted earnings/(loss) per share		0.01		(0.01)		-

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Components of Other Comprehensive Income/(Loss) (Tables)

12 Months Ended

Dec. 31, 2014

Table Text Block Supplement [Abstract]

Schedule Of Changes In Accumulated Other Comprehensive Income Balances By Component Net Of Tax

Following is detail of "Accumulated other comprehensive income/(loss)" as presented in the Consolidated Statements of Condition:
							Accumulated Other Comprehensive Income/(Loss)
			Before-Tax Amount		Tax Benefit/ (Expense)
(Dollars in thousands)
December 31, 2011							$	(130,156)
Other comprehensive income:
	Fair value adjustments on securities available-for-sale		$	(19,016)	$	7,397		(11,619)
	Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss)			(328)		128		(200)
	Pension and postretirement plans:
		Net actuarial gain/(loss) arising during the period		(45,110)		17,906		(27,204)
		Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		37,867		(15,031)		22,836
December 31, 2012				(26,587)		10,400		(146,343)
Other comprehensive income:
	Fair value adjustments on securities available-for-sale			(108,703)		41,935		(66,768)
	Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss)			451		(174)		277
	Pension and postretirement plans:
		Net actuarial gain/(loss) arising during the period		81,456		(31,392)		50,064
		Prior service credit/(cost) arising during the period		10,678		(4,115)		6,563
		Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		10,085		(3,887)		6,198
December 31, 2013				(6,033)		2,367		(150,009)
Other comprehensive income:
	Fair value adjustments on securities available-for-sale			47,957		(18,135)		29,822
	Pension and postretirement plans:
		Net actuarial gain/(loss) arising during the period		(115,976)		44,803		(71,173)
		Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		5,075		(1,961)		3,114
December 31, 2014			$	(62,944)	$	24,707	$	(188,246)

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Investment Securities (Schedule Of Realized Gross Gains And Losses On Sale From Available For Sale Portfolio) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013		Dec. 31, 2012
Investment Securities [Abstract]
Gross gains on sales of securities		$ 5,867,000	$ 4,078,000		$ 5,433,000
Gross (losses) on sales of securities		0	(1,193,000)		0
Net gain/(loss) on sales of securities	[1]	5,867,000	2,885,000		5,433,000
Venture capital investments	[2]	(2,995,000)	0		(4,700,000)
Net OTTI recorded		0	(1,125,000)	[3]	(40,000)	[3]
Total securities gain/ (loss), net		2,872,000	1,760,000		693,000
Proceeds from sales		9,200,000	$ 63,800,000		$ 47,500,000
Equity securities proceeds from sales		$ 1,400,000

[1] Proceeds from sales during 2014 were $ 9.2 million, inclusive of $ 1.4 million of equity securities. Proceeds from sales during 2013 and 2012 were $ 63.8 million and $ 47.5 million, respectively .

[2] Includes losses on sales, write-offs and /or unrealized fair value adjustments related to venture capital investments

[3] OTTI recorded in 2013 and 2012 is related to equity securities.

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Consolidated Statements Of Condition - USD ($)		Dec. 31, 2014		Dec. 31, 2013
Assets:
Cash and due from banks		$ 349,171,000		$ 349,216,000
Federal funds sold		63,080,000		66,079,000
Securities purchased under agreements to resell (Note 24)		659,154,000		412,614,000
Total cash and cash equivalents		1,071,405,000		827,909,000
Interest-bearing cash		1,621,967,000		730,297,000
Trading securities		1,194,391,000		801,718,000
Loans held-for-sale		141,285,000		370,152,000
Securities available-for-sale (Note 3)		3,556,613,000	[1]	3,398,457,000	[2]
Securities held-to-maturity (Note 3)		4,292,000		0
Loans, net of unearned income (Note 4)		16,230,166,000		15,389,074,000
Less: Allowance for loan losses (Note 5)		232,448,000		253,809,000
Total net loans		15,997,718,000		15,135,265,000
Mortgage servicing rights (Note 7)		2,517,000		72,793,000
Goodwill (Note 8)		145,932,000		141,943,000
Other intangible assets, net (Note 8)	[3]	29,518,000		21,988,000
Capital markets receivables		42,488,000		45,255,000
Premises and equipment, net (Note 6)		302,996,000		305,244,000
Real estate acquired by foreclosure		39,922,000		71,562,000
Derivative assets (Note 23)		134,088,000		181,866,000
Other assets		1,383,055,000		1,680,044,000
Total assets		25,668,187,000		23,784,493,000
Deposits:
Savings		7,455,354,000		6,732,326,000
Time deposits		831,666,000		951,755,000
Other interest-bearing deposits		4,140,991,000		3,859,079,000
Certificates of deposit $100,000 and more		445,272,000		553,957,000
Interest-bearing		12,873,283,000		12,097,117,000
Noninterest-bearing		5,195,656,000		4,637,839,000
Total deposits		18,068,939,000		16,734,956,000
Federal funds purchased (Note 10)		1,037,052,000		1,042,633,000
Securities sold under agreements to repurchase (Note 10 and Note 24)		562,214,000		442,789,000
Trading liabilities (Note 10)		594,314,000		368,348,000
Other short-term borrowings (Note 10)		157,218,000		181,146,000
Term borrowings (Note 11)		1,880,105,000		1,739,859,000
Capital markets payables		18,157,000		21,173,000
Derivative liabilities (Note 23)		119,239,000		154,280,000
Other liabilities		649,359,000		610,932,000
Total liabilities		23,086,597,000		21,296,116,000
First Horizon National Corporation Shareholders' Equity:
Preferred stock - Series A, non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (shares authorized - 1,000; shares issued - 1,000 on December 31, 2014 and 2013)		95,624,000		95,624,000
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 234,219,663 on December 31, 2014 and 236,369,554 on December 31, 2013)		146,387,000		147,731,000
Capital surplus		1,380,809,000		1,416,767,000
Undivided profits		851,585,000		682,833,000
Accumulated other comprehensive loss, net (Note 15)		(188,246,000)		(150,009,000)
Total First Horizon National Corporation Shareholders' Equity		2,286,159,000		2,192,946,000
Noncontrolling interest (Note 12)		295,431,000		295,431,000
Total equity		2,581,590,000		2,488,377,000
Total liabilities and equity		$ 25,668,187,000		$ 23,784,493,000

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] Represents customer lists, acquired contracts, core deposit intangibles , and covenants not to compet e.

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Premises, Equipment And Leases (Tables)

12 Months Ended

Dec. 31, 2014

Property Plant And Equipment [Abstract]

Summary of Premises And Equipment

Premises and equipment on December 31 are summarized below:
(Dollars in thousands)			2014		2013
Land		$	76,667	$	75,593
Buildings			360,133		354,070
Leasehold improvements			32,404		38,303
Furniture, fixtures, and equipment			201,443		202,102
	Premises and equipment, at cost		670,647		670,068
Less accumulated depreciation and amortization			367,651		364,824
Premises and equipment, net		$	302,996	$	305,244

Minimum Future Lease Payments For Noncancelable Operating Leases On Premises And Equipment

Minimum future lease payments for noncancelable operating leases, primarily on premises, on December 31, 2014 are shown below:
(Dollars in thousands)
2015	$	15,585
2016		13,835
2017		12,629
2018		10,917
2019		8,790
2020 and after		27,112
Total minimum lease payments	$	88,868

Payments required under capital leases are not material.

Rent Expense Incurred Under All Operating Lease Obligations

Rent expense incurred under all operating lease obligations for the years ended December 31 is as follows:
(Dollars in thousands)		2014		2013		2012
Rent expense, gross	$	20,123	$	19,445	$	23,109
Sublease income		(213)		(1,974)		(3,365)
Rent expense, net	$	19,910	$	17,471	$	19,744

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Intangible Assets (Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Goodwill [Line Items]
Gross goodwill	$ 345,927,000		$ 341,938,000		$ 334,237,000	$ 333,654,000
Accumulated impairments	(114,123,000)		(114,123,000)		(114,123,000)	(114,123,000)
Accumulated divestiture related write-offs	(85,872,000)		(85,872,000)		(85,872,000)	(85,872,000)
Goodwill	145,932,000		141,943,000		134,242,000	133,659,000
Additions	3,989,000	[1]	7,701,000	[1]	583,000
Impairments	0		0		0
Divestitures	0		0		0
Net change in goodwill	3,989,000		7,701,000		583,000
Non Strategic [Member]
Goodwill [Line Items]
Gross goodwill	199,995,000		199,995,000		199,995,000	199,995,000
Accumulated impairments	(114,123,000)		(114,123,000)		(114,123,000)	(114,123,000)
Accumulated divestiture related write-offs	(85,872,000)		(85,872,000)		(85,872,000)	(85,872,000)
Goodwill	0		0		0	0
Additions	0		0		0
Impairments	0		0		0
Divestitures	0		0		0
Net change in goodwill	0		0		0
Regional Banking [Member]
Goodwill [Line Items]
Gross goodwill	47,928,000		43,939,000		36,238,000	36,238,000
Accumulated impairments	0		0		0	0
Accumulated divestiture related write-offs	0		0		0	0
Goodwill	47,928,000		43,939,000		36,238,000	36,238,000
Additions	3,989,000		7,701,000		0
Impairments	0		0		0
Divestitures	0		0		0
Net change in goodwill	3,989,000		7,701,000		0
Capital Markets [Member]
Goodwill [Line Items]
Gross goodwill	98,004,000		98,004,000		98,004,000	97,421,000
Accumulated impairments	0		0		0	0
Accumulated divestiture related write-offs	0		0		0	0
Goodwill	98,004,000		98,004,000		98,004,000	$ 97,421,000
Additions	0		0		583,000
Impairments	0		0		0
Divestitures	0		0		0
Net change in goodwill	$ 0		$ 0		$ 583,000

[1] See Note 2 - Acquisitions & Divestures for further details regarding goodwill related to acquisitions.

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Business Segment Information (Amounts Of Consolidated Revenue, Expense, Tax And Assets) (Details)		12 Months Ended
		Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Segment Reporting Information [Line Items]
Net interest income		$ 627,718,000	$ 637,374,000	$ 688,667,000
Provision/(provision credit) for loan losses		27,000,000	55,000,000	78,000,000	[1]
Noninterest income		550,044,000	584,577,000	671,329,000
Noninterest expense		832,531,000	1,148,519,000	1,369,524,000
Income/(loss) before income taxes		318,231,000	18,432,000	(87,528,000)
Provision/(benefit) for income taxes		84,185,000	(19,389,000)	(72,028,000)
Income/(loss) from continuing operations		234,046,000	37,821,000	(15,500,000)
Income/(loss) from discontinued operations, net of tax	[2]	0	548,000	148,000
Net income/(loss)		234,046,000	38,369,000	(15,352,000)
Average assets		23,994,836,000	24,402,338,000	25,048,287,000
Depreciation and amortization		56,896,000	71,616,000	117,972,000
Expenditures for long-lived assets		$ 38,880,000	41,463,000	21,862,000
Number of Operating Segments | number		4
Regional Banking [Member]
Segment Reporting Information [Line Items]
Net interest income		$ 602,126,000	591,351,000	605,287,000
Provision/(provision credit) for loan losses		29,187,000	18,460,000	(898,000)
Noninterest income		254,705,000	247,717,000	253,470,000
Noninterest expense		538,988,000	529,396,000	571,204,000
Income/(loss) before income taxes		288,656,000	291,212,000	288,451,000
Provision/(benefit) for income taxes		102,771,000	104,915,000	104,779,000
Net income/(loss)		185,885,000	186,297,000	183,672,000
Average assets		13,273,565,000	12,875,630,000	12,657,320,000
Depreciation and amortization		38,271,000	46,864,000	73,720,000
Expenditures for long-lived assets		30,833,000	34,764,000	17,617,000
Capital Markets [Member]
Segment Reporting Information [Line Items]
Net interest income		12,688,000	16,187,000	20,765,000
Noninterest income		202,725,000	268,436,000	334,992,000
Noninterest expense		146,847,000	232,429,000	263,015,000
Income/(loss) before income taxes		68,566,000	52,194,000	92,742,000
Provision/(benefit) for income taxes		25,741,000	19,618,000	35,044,000
Net income/(loss)		42,825,000	32,576,000	57,698,000
Average assets		2,069,472,000	2,255,852,000	2,297,051,000
Depreciation and amortization		6,133,000	8,666,000	20,904,000
Expenditures for long-lived assets		1,295,000	3,987,000	1,851,000
Corporate [Member]
Segment Reporting Information [Line Items]
Net interest income		(54,175,000)	(46,178,000)	(35,908,000)
Noninterest income		26,969,000	26,055,000	27,008,000
Noninterest expense		61,387,000	64,865,000	84,251,000
Income/(loss) before income taxes		(88,593,000)	(84,988,000)	(93,151,000)
Provision/(benefit) for income taxes		(63,526,000)	(51,582,000)	(67,256,000)
Net income/(loss)		(25,067,000)	(33,406,000)	(25,895,000)
Average assets		5,588,328,000	5,186,034,000	5,218,611,000
Depreciation and amortization		10,796,000	13,754,000	19,072,000
Expenditures for long-lived assets		6,218,000	1,050,000	2,327,000
Non Strategic [Member]
Segment Reporting Information [Line Items]
Net interest income		67,079,000	76,014,000	98,523,000
Provision/(provision credit) for loan losses		(2,187,000)	36,540,000	78,898,000
Noninterest income		65,645,000	42,369,000	55,859,000
Noninterest expense		85,309,000	321,829,000	451,054,000
Income/(loss) before income taxes		49,602,000	(239,986,000)	(375,570,000)
Provision/(benefit) for income taxes		19,199,000	(92,340,000)	(144,595,000)
Income/(loss) from continuing operations		30,403,000	(147,646,000)	(230,975,000)
Income/(loss) from discontinued operations, net of tax		0	548,000	148,000
Net income/(loss)		30,403,000	(147,098,000)	(230,827,000)
Average assets		3,063,471,000	4,084,822,000	4,875,305,000
Depreciation and amortization		1,696,000	2,332,000	4,276,000
Expenditures for long-lived assets		$ 534,000	$ 1,662,000	$ 67,000

[1] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

[2] Due to the nature of the preferred stock issued by FHN and its subsidiar ies , all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.

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Income Taxes (Schedule Of Rollforward Of Unrecognized Tax Benefits)(Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Balance, Beginning	$ 6,621,000	$ 17,638,000
Increases related to prior year tax positions	960,000	0
Decreases related to prior year tax positions		(1,688,000)
Increases related to current year tax positions	868,000
Settlements		(7,386,000)
Lapse of statutes	(3,242,000)	(1,943,000)
Balance, Ending	$ 5,207,000	$ 6,621,000

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Consolidated Statements Of Comprehensive Income - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components Of Other Comprehensive Income/(Loss) [Abstract]
Net income/(loss)		$ 234,046,000	$ 38,369,000	$ (15,352,000)
Other comprehensive income/(loss), net of tax:
Fair value adjustments on securities available-for-sale arising during the period, Net of Tax of $18.1 million for 2014, $(41.9) million for 2013 and $(7.4) million for 2012		29,822,000	(66,768,000)	(11,619,000)
Reclassification adjustment for (gain)/loss on securities available-for-sale included in Net income/(loss), Net of tax of $.2 million for 2013 and $(.1) million for 2012		0	277,000	(200,000)
Fair value adjustments on securities available-for-sale		29,822,000	(66,491,000)	(11,819,000)
Net actuarial gain/(loss) arising during the period, Net of tax of $(44.8) million for 2014, $31.4 million for 2013 and $(17.9) million for 2012		(71,173,000)	50,064,000	(27,204,000)
Prior service credit/(cost) arising during the period, Net of tax of $4.1 million for 2013		0	6,563,000	0
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost, Net of tax of $2.0 million for 2014, $3.9 million for 2013 and $15.0 millon for 2012		3,114,000	6,198,000	22,836,000
Total pension and post retirement plans		(68,059,000)	62,825,000	(4,368,000)
Other comprehensive income/(loss)	[1]	(38,237,000)	(3,666,000)	(16,187,000)
Comprehensive income/(loss)		195,809,000	34,703,000	(31,539,000)
Comprehensive income attributable to noncontrolling interest		11,527,000	11,465,000	11,464,000
Comprehensive income/(loss) attributable to controlling interest		$ 184,282,000	$ 23,238,000	$ (43,003,000)

[1] Due to the nature of the preferred stock issued by FHN and its subsidiar ies , all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.

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Intangible Assets (Narrative) (Details) $ in Millions	Dec. 31, 2014 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Gross carrying amount of other intangible assets	$ 70.3
Intangible assets accumulated amortization	40.8
Estimated aggregate amortization expense, Year 2015	5.2
Estimated aggregate amortization expense, Year 2016	5.0
Estimated aggregate amortization expense, Year 2017	4.7
Estimated aggregate amortization expense, Year 2018	4.5
Estimated aggregate amortization expense, Year 2019	$ 4.2

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Restructuring, Repositioning, And Efficiency (Schedule Of Cumulative Costs Associated With Restructuring, Repositioning, And Efficiency Initiatives) (Details) - USD ($)	12 Months Ended			93 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Restructuring And Related Activities [Abstract]
Severance and other employee related costs	$ 2,641,000	$ 3,691,000	$ 22,897,000	$ 107,025,000
Facility consolidation costs	4,696,000	131,000	46,000	45,523,000
Other exit costs, professional fees, and other	0	0	111,000	19,165,000
Other restructuring and repositioning expense:
Loan portfolio divestiture				7,672,000
Mortgage banking (income)/ expense on servicing sales	(553,000)	2,192,000	2,635,000	25,449,000
(Gains)/losses on divestitures	0	(1,000,000)	(865,000)	(718,000)
Impairment of premises and equipment	222,000	385,000	22,000	23,004,000
Impairment of intangible assets				48,231,000
Impairment of other assets	0	0	12,000	40,504,000
Other	0	(96,000)	0	7,478,000
Total restructuring and repositioning charges	$ 7,006,000	$ 5,303,000	$ 24,858,000	$ 323,333,000

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Variable Interest Entities (Summary Of VIE Not Consolidated By FHN) (Details) - USD ($)		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Variable Interest Entity [Line Items]
Loans, net of unearned income		$ 16,230,166,000		$ 15,389,074,000		$ 16,708,582,000
Term borrowings		1,880,105,000		1,739,859,000
Trading securities		1,194,391,000		801,718,000
Total MSR recognized by FHN		2,517,000		72,793,000		$ 114,311,000
Custodial balances		5,195,656,000		4,637,839,000
Securities available for sale		3,556,613,000	[1]	3,398,457,000	[2]
Parent Company [Member]
Variable Interest Entity [Line Items]
Term borrowings		720,832,000		708,598,000
Securities available for sale		2,634,000		1,643,000
Low Income Housing Partnerships [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		61,259,000	[3],[4]	65,838,000	[5],[6]
Maximum loss exposure, contractual funding commitments		4,700,000		7,000,000
Liability Recognized		4,678,000	[3],[4]	7,034,000	[5],[6]
Low Income Housing Partnerships [Member] | Other Assets Member
Variable Interest Entity [Line Items]
Maximum loss exposure, current investments		56,600,000		58,800,000
New Market Tax Credit Llcs [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		21,648,000	[3],[7]	22,774,000	[5],[8]
Liability Recognized		0	[3],[7]	0	[5],[8]
New Market Tax Credit Llcs [Member] | Current Investment Funded By Borrowings [Member]
Variable Interest Entity [Line Items]
Maximum loss exposure, current investments		18,000,000		18,000,000
Small Issuer Trust Preferred Holdings [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		364,882,000	[9]	402,307,000	[10]
Liability Recognized		0	[9]	0	[10]
On Balance Sheet Trust Preferred Securitization [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		51,613,000	[11]	53,951,000	[12]
Liability Recognized		62,561,000	[11]	60,222,000	[12]
Loans, net of unearned income		112,500,000		112,500,000
Term borrowings		62,600,000		60,200,000
Trading securities		1,700,000		1,700,000
Proprietary Trust Preferred Issuances [Member]
Variable Interest Entity [Line Items]
Liability Recognized		206,186,000	[13]	206,186,000	[14]
Proprietary Agency Residential Mortgage Securitizations [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		25,904,000	[15]	339,493,000	[16]
Liability Recognized		0	[15]	0	[16]
Proprietary Agency Residential Mortgage Securitizations [Member] | Other Assets Member
Variable Interest Entity [Line Items]
Aggregate servicing advances		19,600,000		261,800,000
On Balance Sheet Consumer Loan Securitizations [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	[17]			22,965,000
Liability Recognized	[17]			221,193,000
Loans, net of unearned income				244,200,000
Term borrowings				221,200,000
Holdings Of Agency Mortgage Backed Securities [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		3,881,505,000	[9],[18]	3,401,539,000	[10],[19]
Liability Recognized		0	[9],[18]	0	[10],[19]
Trading securities		519,100,000		286,900,000
Securities available for sale		3,400,000,000		3,100,000,000
Short Positions In Agency Mortgage Backed Securities [Member]
Variable Interest Entity [Line Items]
Liability Recognized	[14]			854,000
Commercial Loan Troubled Debt Restructurings [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure		47,258,000	[20],[21]	62,207,000	[22],[23]
Maximum loss exposure, contractual funding commitments		3,200,000		2,300,000
Liability Recognized		0	[20],[21]	0	[22],[23]
Loans, net of unearned income		44,000,000		59,900,000
Managed Discretionary Trusts [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	[14]			0
Liability Recognized	[14]			0
Proprietary Residential Mortgage Securitizations [Member]
Variable Interest Entity [Line Items]
Trading securities		5,600,000		7,200,000
Total MSR recognized by FHN		600,000		70,100,000
Agency Residential Mortgage Securitizations [Member]
Variable Interest Entity [Line Items]
Total MSR recognized by FHN		$ 100,000		$ 400,000

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] A lia bi lity is not recognized as investments are written down over the life of the related tax credit.

[4] Maximum loss exposure represents $ 56 . 6 million of current investments and $ 4 . 7 million of contractual funding commitments.

[5] A liabi lity is not recognized as investments are written down over the life of the related tax credit.

[6] Maximum loss exposure represents $ 58.8 million of current investments and $ 7.0 million of contractual funding commitments.

[7] Maximum loss exposure represents current investment balance. Of the initial investment, $ 1 8 . 0 million was funded through loans from community development enterp rises.

[8] Maximum loss exposure represents current investment balance. Of the initial investment, $ 18.0 million was funded through loans from community development enterp rises.

[9] Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.

[10] Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.

[11] Includes $ 112.5 million classified as Loans, net of unearned income, and $ 1.7 million classified as Trading securities which are offset by $ 62.6 million classified as Term borrowings.

[12] Includes $ 112.5 million classified as Loans, net of unearned income, and $ 1.7 million classified as Trading securities which are offset by $ 60 . 2 million classified as Term borrowings.

[13] No exposure to loss due to the nature of FHN’s involvement.

[14] No exposure to loss due to the nature of FHN’s involveme nt.

[15] Includes $ . 6 million and $ . 1 million classified as MSR related to proprietary and agency residential mortgage s ecuritizations, respectively, and $ 5 . 6 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $ 19 . 6 million are classified as Other assets.

[16] Includes $ 70.1 million and $ . 4 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $ 7 . 2 million classified as Trading securities related to proprietary and agency residential mortga ge securitizations . Aggregate servicing advances of $ 261 . 8 million are classified as Other assets.

[17] Includes $ 244.2 million classified as Loans, net of unearned income which are offset by $ 221.2 million classified as Term borrowings.

[18] Includes $ 519.1 million classified as Trading securities and $ 3 . 4 billion cla ssified as Securities available-for- sale.

[19] Includes $ 286 . 9 million classified as Trading securities and $ 3 . 1 billion cla ssified as Securities available-for- sale.

[20] A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations .

[21] Maximum loss exposure represents $ 44 . 0 million of current receivables and $ 3 . 2 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

[22] A liability is not recognized as the loans are the only variable interes ts held in the troubled commercial borrowers’ operations.

[23] Maximum loss exposure represents $ 59 . 9 million of current receivables and $ 2 . 3 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

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Variable Interest Entities (Schedule of Principal Amount of Delinquent Loans, and Net Credit Losses) (Details)	12 Months Ended
	Dec. 31, 2013 USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Principal amount of loans securitized and sold	$ 39,400,000,000
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Principal Amount of Residential Real Estate Loans	8,386,789,000	[1],[2],[3]
Net Credit Losses	219,925,000
Principal Amount90 Days Or More Past Due Or Nonaccrual [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Principal Amount of Residential Real Estate Loans	700,000,000
Principal Amount90 Days Or More Past Due Or Nonaccrual [Member] | Government National Mortgage Association Certificates And Obligations G N M A [Member] | Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Principal Amount of Residential Real Estate Loans	$ 39,800,000

[1] Amounts represent real estate residential loans in FHN’s portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN ha d a retained interest other than servicing rights. Also include d $ 39 .4 m illion of loans transferred to GSEs with any type of retained interest other than servicing rights in 2013 .

[2] Includes $ .7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in this amount was $ 39.8 million of GNMA guaranteed mortgages in 2013 .

[3] No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 18 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.

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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Business Segment Information [Abstract]

Amounts Of Consolidated Revenue, Expense, Tax And Assets

(Dollars in thousands)		2014		2013		2012
Consolidated	Net interest income	$	627,718	$	637,374	$	688,667
	Provision for loan losses		27,000		55,000		78,000
	Noninterest income		550,044		584,577		671,329
	Noninterest expense		832,531		1,148,519		1,369,524
	Income/(loss) before income taxes		318,231		18,432		(87,528)
	Provision/(benefit) for income taxes		84,185		(19,389)		(72,028)
	Income/(loss) from continuing operations		234,046		37,821		(15,500)
	Income/(loss) from discontinued operations, net of tax		-		548		148
	Net income/(loss)	$	234,046	$	38,369	$	(15,352)
	Average assets	$	23,994,836	$	24,402,338	$	25,048,287
	Depreciation and amortization	$	56,896	$	71,616	$	117,972
	Expenditures for long-lived assets		38,880		41,463		21,862
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

(Dollars in thousands)		2014		2013		2012
Regional Banking	Net interest income	$	602,126	$	591,351	$	605,287
	Provision/(provision credit) for loan losses		29,187		18,460		(898)
	Noninterest income		254,705		247,717		253,470
	Noninterest expense		538,988		529,396		571,204
	Income/(loss) before income taxes		288,656		291,212		288,451
	Provision/(benefit) for income taxes		102,771		104,915		104,779
	Net income/(loss)	$	185,885	$	186,297	$	183,672
	Average assets	$	13,273,565	$	12,875,630	$	12,657,320
	Depreciation and amortization	$	38,271	$	46,864	$	73,720
	Expenditures for long-lived assets		30,833		34,764		17,617

Capital Markets	Net interest income	$	12,688	$	16,187	$	20,765
	Noninterest income		202,725		268,436		334,992
	Noninterest expense		146,847		232,429		263,015
	Income/(loss) before income taxes		68,566		52,194		92,742
	Provision/(benefit) for income taxes		25,741		19,618		35,044
	Net income/(loss)	$	42,825	$	32,576	$	57,698
	Average assets	$	2,069,472	$	2,255,852	$	2,297,051
	Depreciation and amortization	$	6,133	$	8,666	$	20,904
	Expenditures for long-lived assets		1,295		3,987		1,851

Corporate	Net interest income/(expense)	$	(54,175)	$	(46,178)	$	(35,908)
	Noninterest income		26,969		26,055		27,008
	Noninterest expense		61,387		64,865		84,251
	Income/(loss) before income taxes		(88,593)		(84,988)		(93,151)
	Provision/(benefit) for income taxes		(63,526)		(51,582)		(67,256)
	Net income/(loss)	$	(25,067)	$	(33,406)	$	(25,895)
	Average assets	$	5,588,328	$	5,186,034	$	5,218,611
	Depreciation and amortization	$	10,796	$	13,754	$	19,072
	Expenditures for long-lived assets		6,218		1,050		2,327

Non-Strategic	Net interest income	$	67,079	$	76,014	$	98,523
	Provision/(provision credit) for loan losses		(2,187)		36,540		78,898
	Noninterest income		65,645		42,369		55,859
	Noninterest expense		85,309		321,829		451,054
	Income/(loss) before income taxes		49,602		(239,986)		(375,570)
	Provision/(benefit) for income taxes		19,199		(92,340)		(144,595)
	Income/(loss) from continuing operations		30,403		(147,646)		(230,975)
	Income/(loss) from discontinued operations, net of tax		-		548		148
	Net income/(loss)	$	30,403	$	(147,098)	$	(230,827)
	Average assets	$	3,063,471	$	4,084,822	$	4,875,305
	Depreciation and amortization	$	1,696	$	2,332	$	4,276
	Expenditures for long-lived assets		534		1,662		67

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policiesfor additional information.

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Short-Term Brorrowings (Summary of Short-Term Borrowings) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Federal Funds Purchased [Member]
Short Term Debt [Line Items]
Average balance	$ 1,101,910,000	$ 1,263,792,000	$ 1,548,020,000
Year-end balance	1,037,052,000	1,042,633,000	1,351,023,000
Maximum month-end outstanding	$ 1,247,295,000	$ 1,429,319,000	$ 1,700,172,000
Average rate for the year	0.25%	0.25%	0.25%
Average rate at year-end	0.25%	0.25%	0.25%
Securities Sold Under Agreements To Repurchase [Member]
Short Term Debt [Line Items]
Average balance	$ 447,801,000	$ 487,923,000	$ 380,871,000
Year-end balance	562,214,000	442,789,000	555,438,000
Maximum month-end outstanding	$ 562,214,000	$ 618,643,000	$ 555,438,000
Average rate for the year	0.08%	0.14%	0.18%
Average rate at year-end	0.06%	0.10%	0.15%
Trading Liabilities [Member]
Short Term Debt [Line Items]
Average balance	$ 633,867,000	$ 665,095,000	$ 589,461,000
Year-end balance	594,314,000	368,348,000	564,429,000
Maximum month-end outstanding	$ 718,767,000	$ 895,844,000	$ 808,139,000
Average rate for the year	2.43%	2.05%	1.77%
Average rate at year-end	2.60%	2.46%	1.88%
Other Short Term Borrowings [Member]
Short Term Debt [Line Items]
Average balance	$ 531,984,000	$ 299,288,000	$ 450,690,000
Year-end balance	157,218,000	181,146,000	441,201,000
Maximum month-end outstanding	$ 1,829,141,000	$ 1,057,412,000	$ 1,270,180,000
Average rate for the year	0.30%	0.27%	0.15%
Average rate at year-end	0.56%	0.43%	0.25%

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Master Netting And Similar Agreements

12 Months Ended

Dec. 31, 2014

Master Netting Agreements And Similar Arrangements [Abstract]

Master Netting Agreements And Similar Arrangements

Note 24 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions

For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default.Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN’s capital markets’ business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN’s repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement.For asset positions, the collateral is not included on FHN’s Consolidated Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN’s trading or available-for-sale securities portfolios.

For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Statements of Condition and collateral pledged by counterparties as of December 31:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting		Securities collateral
	Gross amounts		offset in the		assets presented		securities sold		(not recognized on
	of recognized		Statement of		in the Statement		under agreements		FHN's Statement
(Dollars in thousands)	assets		Condition		of Condition		to repurchase		of Condition)		Net amount
Securities purchased under agreements to resell:
2014	$	659,154	$	-	$	659,154	$	(48,655)	$	(602,403)	$	8,096
2013		412,614		-		412,614		(8,672)		(396,855)		7,087

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Statements of Condition and collateral pledged by FHN as of December 31:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting
	Gross amounts		offset in the		liabilities presented		securities
	of recognized		Statement of		in the Statement		purchased under		Securities
(Dollars in thousands)	liabilities		Condition		of Condition		agreements to resell		Collateral		Net amount
Securities sold under agreements to repurchase:
2014	$	562,214	$	-	$	562,214	$	(48,655)	$	(513,463)	$	96
2013		442,789		-		442,789		(8,672)		(434,008)		109

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Derivative Liabilities and Collateral Pledged (Details) - USD ($)		Dec. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Gross amounts of recognized liabilities		$ 119,239,000	$ 154,280,000
Derivative Liabilities not subject to master netting agreements		7,300,000	7,300,000
Derivatives, Interest Rate Contracts | Subject to Master Netting Agreements
Derivative [Line Items]
Gross amounts of recognized liabilities	[1]	111,963,000	147,021,000
Gross amounts offset in the Statement of Condition	[1]	0	0
Net amounts of liabilities presented in the Statement of Condition	[1],[2]	111,963,000	147,021,000
Derivative assets available for offset	[1]	(15,768,000)	(68,216,000)
Collateral pledged	[1]	(78,390,000)	(59,999,000)
Net amount	[1]	$ 17,805,000	$ 18,806,000

[1] 2014 and 2013 are comprised entirely of interest rate derivative contracts.

[2] In cluded in Derivative Liabilities on the Consolidated Statements of Condition. As of December 31 , 2014 and 2013, $ 7 . 3 million of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.

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Stock Options, Restricted Stock Incentive, And Dividend Revinvestment Plans (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010	Dec. 31, 2009
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grants	8,782,972
Compensation cost included in income from continuing operations for stock option and restricted stock plans	$ 11,351,000	$ 16,144,000	$ 16,201,000
Total income tax benefits recognized in income statements	$ 4,400,000	$ 6,200,000	$ 6,200,000
Stock options granted	592,551	866,742	1,248,685	0	0
Weighted average fair value of stock option at grant date	$ 3.5	$ 3.21	$ 3.8
Duration of performance evaluation	3 years
Performance Condition Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting Period	3 years
Duration of performance evaluation	3 years	3 years	3 years
Market Condition Award [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting Period	5 years
Stock Option Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted expiration	P7Y
Vesting Period	4 years
Intrinsic value of options exercised	$ 400,000
Parent Company [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation cost included in income from continuing operations for stock option and restricted stock plans	$ 11,351,000	$ 16,144,000	$ 16,201,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grants	8,576,003
Total grant date fair value of shares vested	$ 15,500,000	13,800,000	$ 12,100,000
Restricted Stock [Member] | Director Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares granted to non-employee director, prior to 2007	8930
Employee Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost of nonvested restricted stock plans and stock options	$ 1,800,000
Recognizable weighted-average period of unrecognized compensation cost	2 years 6 months
Restricted Stock Units RSU [Member] | Director Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restriction lapsing rate for grants of restricted stock, awarded prior to 2007, to non-employee directors	10.00%
Value of annual equity awards to non-employee directors	$ 45,000	$ 45,000
Stock Options Included In Deferral Program Granted Prior To January Two Two Thousand Four [Member] | Stock Option Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted expiration	P20Y
Stock Options Included In Deferral Program Granted After January Two Two Thousand Four [Member] | Stock Option Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted expiration	P10Y
Nonvested Restricted Stock Plans [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost of nonvested restricted stock plans and stock options	$ 14,200,000
Recognizable weighted-average period of unrecognized compensation cost	2 years 5 months
2010 Units | Performance Condition Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amount of restricted stock or units to vest	25.00%	25.00%
Percentage of performance conditions achieved	50.00%
Amount Of Restricted Stock Or Units Forfeited	50.00%
2011 Units | Performance Condition Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of performance conditions achieved	87.50%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Quarterly value of shares available for purchase under dividend reinvestment and stock purchase plan	$ 10,000
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Quarterly value of shares available for purchase under dividend reinvestment and stock purchase plan	$ 25

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Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Statements Of Condition

Following are condensed statements of the parent company:
Statements of Condition		Year Ended December 31
(Dollars in thousands)		2014		2013
Assets:
Cash	$	167,562	$	81,271
Interest-bearing cash		-		15,800
Securities available-for-sale		2,634		1,643
Notes receivable		3,460		3,610
Allowance for loan losses		(925)		(925)
Investments in subsidiaries:
Bank		3,057,156		3,028,125
Non-bank		17,870		18,044
Other assets		195,898		207,497
Total assets	$	3,443,655	$	3,355,065
Liabilities and equity:
Other short-term borrowings	$	3,000	$	-
Accrued employee benefits and other liabilities		138,233		158,090
Term borrowings		720,832		708,598
Total liabilities		862,065		866,688
Total equity		2,581,590		2,488,377
Total liabilities and equity	$	3,443,655	$	3,355,065
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Condensed Statements of Income

Statements of Income		Year Ended December 31
(Dollars in thousands)		2014		2013		2012
Dividend income:
Bank	$	180,000	$	180,000	$	100,000
Non-bank		446		957		390
Total dividend income		180,446		180,957		100,390
Interest income		2		125		329
Other income		6,265		3,468		1,050
Total income		186,713		184,550		101,769
Provision/(provision credit) for loan losses		-		(925)		(1,850)
Interest expense:
Short-term debt		9		20		50
Term borrowings		23,808		24,058		24,365
Total interest expense		23,817		24,078		24,415
Compensation, employee benefits and other expense		30,400		37,490		40,286
Total expense		54,217		60,643		62,851
Income/(loss) before income taxes		132,496		123,907		38,918
Income tax benefit		(20,599)		(20,897)		(23,653)
Income/(loss) before equity in undistributed net income of subsidiaries		153,095		144,804		62,571
Equity in undistributed net income/(loss) of subsidiaries:
Bank		68,836		(117,600)		(89,826)
Non-bank		588		(300)		439
Net income/(loss) attributable to the controlling interest	$	222,519	$	26,904	$	(26,816)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Schedule Of Condensed Statements Of Cash Flows

Statements of Cash Flows		Year Ended December 31
(Dollars in thousands)		2014		2013		2012
Operating activities:
Net income/(loss)	$	222,519	$	26,904	$	(26,816)
Less undistributed net income/(loss) of subsidiaries		69,424		(117,900)		(89,387)
Income/(loss) before undistributed net income of subsidiaries		153,095		144,804		62,571
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		(390)		(1,314)		(2,335)
Loss on securities		(5,736)		(2,182)		-
Stock-based compensation expense		11,351		16,144		16,201
Net (increase)/decrease in interest receivable and other assets		(1,836)		(4,959)		(14,945)
Net (decrease)/increase in interest payable and other liabilities		1,505		8,626		1,599
Total adjustments		4,894		16,315		520
Net cash provided/(used) by operating activities		157,989		161,119		63,091
Investing activities:
Securities:
Sales and prepayments		4,693		599		512
Purchases		(40)		(120)		(180)
Premises and equipment:
Purchases		(20)		(63)		(225)
Decrease/(increase) in interest-bearing cash		15,800		64,200		85,000
Return on investment in subsidiary		150		90		-
Net cash provided/(used) by investing activities		20,583		64,706		85,107
Financing activities:
Preferred stock:
Proceeds from issuance of preferred stock		-		95,624		-
Cash dividends		(6,200)		(4,288)		-
Common stock:
Exercise of stock options		1,864		651		144
Cash dividends		(47,366)		(38,229)		(10,066)
Repurchase of shares		(43,579)		(91,533)		(133,757)
Term borrowings:
Repayment of term borrowings		-		(100,000)		-
Increase/(decrease) in short-term borrowings		3,000		(27,200)		(900)
Other		-		-		(14)
Net cash (used)/provided by financing activities		(92,281)		(164,975)		(144,593)
Net increase/(decrease) in cash and cash equivalents		86,291		60,850		3,605
Cash and cash equivalents at beginning of year		81,271		20,421		16,816
Cash and cash equivalents at end of year	$	167,562	$	81,271	$	20,421
Total interest paid	$	23,282	$	24,102	$	23,858
Total income taxes paid		17,053		31,075		10,671
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

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Term Borrowings

12 Months Ended

Dec. 31, 2014

Long Term Debt [Abstract]

Term Borrowings [Text Block]

Note 11 – 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)		2014		2013
First Tennessee Bank National Association:
Subordinated notes (a) (b)
Maturity date - January 15, 2015 -- 5.05%	$	304,525	$	317,714
Maturity date - April 1, 2016 -- 5.65%		264,667		276,273
Senior capital notes (b)
Maturity date - December 1, 2019 -- 2.95%		398,011		-
Other collateralized borrowings -- Maturity date - December 22, 2037
0.54% on December 31, 2014 and 2013 (c)		62,562		60,223
Federal Home Loan Bank borrowings (d)		-		2,390
First Horizon National Corporation:
Senior capital notes (b)
Maturity date - December 15, 2015 -- 5.375%		508,358		516,584
Subordinated notes (b)
Maturity date - April 15, 2034 -- 6.30%		212,474		192,014
FT Real Estate Securities Company, Inc.:
Cumulative preferred stock (a)
Maturity date - March 31, 2031 -- 9.50%		45,896		45,828
First Horizon ABS Trusts:
Other collateralized borrowings (e)
Maturity date - October 26, 2026
0.30% on December 31, 2013 (f)		-		98,631
Maturity date - September 25, 2029
0.30% on December 31, 2013 (f)		-		122,562
Maturity date - September 1, 2032
6.45% on December 31, 2013 (f)		-		8,783
Maturity date - October 25, 2034
0.33% on December 31, 2014 and 2013		65,612		80,857
First Tennessee New Markets Corporation Investments:
Maturity date - October 25, 2018 -- 4.97%		7,301		7,301
Maturity date - February 1, 2033 -- 4.97%		8,000		8,000
Maturity date - August 08, 2036 -- 2.38%		2,699		2,699
Total	$	1,880,105	$	1,739,859

• A portion qualifies for total capital under the risk-based capital guidelines.
• Changes in the fair value of debt attributable to interest rate risk is hedged. Refer to Note 23 – Derivatives.
• Secured by trust preferred loans.
• The Federal Home Loan Bank borrowings were issued with fixed interest rates and had remaining terms of 1 to 16 years at December, 31 2013. These borrowings had weighted average interest rate of 2.41 percent on December 31, 2013.
• On December 31, 2014 and 2013, borrowings secured by $76.8 million and $344.9 million, respectively, of residential real estate loans.
• In 2014, FHN resolved three previously consolidated on-balance sheet consumer loan securitizations and the collateralized borrowings were extinguished.

Annual principal repayment requirements as of December 31, 2014 are as follows:
(Dollars in thousands)
2015	$	804,000
2016		250,000
2017		-
2018		7,301
2019		400,000
2020 and after		392,058

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

In 2004 First Tennessee Capital II (“Capital II”), a Delaware business trust wholly owned by FHN, issued $200 million of Capital Securities, Series B at 6.30 percent per annum.The proceeds were loaned to FHN as junior subordinated debt. FHN has, through various contractual arrangements, fully and unconditionally guaranteed all of Capital II’s obligations with respect to the capital securities.The sole asset of Capital II is $206 million of junior subordinated debentures issued by FHN. These junior subordinated debentures also carry an interest rate of 6.30 percent.Both the capital securities of Capital II and the junior subordinated debentures of FHN will mature on April 15, 2034; however, FHN has the option to redeem both prior to maturity. The junior subordinated debentures are included in the Consolidated Statements of Condition in Term borrowings. At year end, the capital securities fully qualified as Tier 1 capital. Tier 1 capital treatment for these securities will begin phasing out in 2015 and will be entirely phased out in 2016.

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Fair Value Of Assets And Liabilities

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Of Assets And Liabilities

Note 25 – Fair Value of Assets & Liabilities

FHN groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. This hierarchy requires FHN to maximize the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. Each fair value measurement is placed into the proper level based on the lowest level of significant input. These levels are:

• Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets.
• Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.
• Level 3 - Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models, and similar techniques.

Transfers between fair value levels are recognized at the end of the fiscal quarter in which the associated change in inputs occurs.

Recurring Fair Value Measurements
The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014:
			December 31, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	115,908	$	-	$	115,908
	Government agency issued MBS			-		330,443		-		330,443
	Government agency issued CMO			-		188,632		-		188,632
	Other U.S. government agencies			-		127,263		-		127,263
	States and municipalities			-		54,647		-		54,647
	Trading Loans			-		15,088		-		15,088
	Corporate and other debt			-		354,178		5		354,183
	Equity, mutual funds, and other			-		2,590		-		2,590
		Total trading securities - capital markets		-		1,188,749		5		1,188,754
Trading securities - mortgage banking:
	Principal only			-		-		4,137		4,137
	Interest only			-		-		167		167
	Subordinated bonds			-		-		1,333		1,333
		Total trading securities - mortgage banking		-		-		5,637		5,637
Loans held-for-sale				-		-		27,910		27,910
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		751,165		-		751,165
	Government agency issued CMO			-		2,611,266		-		2,611,266
	Other U.S. government agencies			-		-		1,807		1,807
	States and municipalities			-		8,705		1,500		10,205
	Equity, mutual funds, and other			26,264		-		-		26,264
		Total securities available-for-sale		26,264		3,371,236		3,307		3,400,807
Mortgage servicing rights				-		-		2,517		2,517
Other assets:
	Deferred compensation assets			25,665		-		-		25,665
	Derivatives, forwards and futures			2,345		-		-		2,345
	Derivatives, interest rate contracts			-		131,631		-		131,631
	Derivatives, other			-		112		-		112
		Total other assets		28,010		131,743		-		159,753
		Total assets	$	54,274	$	4,691,728	$	39,376	$	4,785,378
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	286,016	$	-	$	286,016
	Other U.S. government agencies			-		1,958		-		1,958
	Corporate and other debt			-		306,341		-		306,341
		Total trading liabilities - capital markets		-		594,315		-		594,315
Other liabilities:
	Derivatives, forwards and futures			2,035		-		-		2,035
	Derivatives, interest rate contracts			-		111,964		-		111,964
	Derivatives, other			-		-		5,240		5,240
		Total other liabilities		2,035		111,964		5,240		119,239
		Total liabilities	$	2,035	$	706,279	$	5,240	$	713,554

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:
			December 31, 2013
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	70,472	$	-	$	70,472
	Government agency issued MBS			-		231,398		-		231,398
	Government agency issued CMO			-		55,515		-		55,515
	Other U.S. government agencies			-		108,265		-		108,265
	States and municipalities			-		30,814		-		30,814
	Corporate and other debt			-		297,440		5		297,445
	Equity, mutual funds, and other			-		614		-		614
		Total trading securities - capital markets		-		794,518		5		794,523
Trading securities - mortgage banking:
	Principal only			-		-		5,110		5,110
	Interest only			-		-		2,085		2,085
		Total trading securities - mortgage banking		-		-		7,195		7,195
Loans held-for-sale				-		-		230,456		230,456
Securities available-for-sale:
	U.S. treasuries			-		39,996		-		39,996
	Government agency issued MBS			-		823,689		-		823,689
	Government agency issued CMO			-		2,290,937		-		2,290,937
	Other U.S. government agencies			-		-		2,326		2,326
	States and municipalities			-		13,655		1,500		15,155
	Venture capital			-		-		4,300		4,300
	Equity, mutual funds, and other			23,259		-		-		23,259
		Total securities available-for-sale		23,259		3,168,277		8,126		3,199,662
Mortgage servicing rights				-		-		72,793		72,793
Other assets:
	Deferred compensation assets			23,880		-		-		23,880
	Derivatives, forwards and futures			3,020		-		-		3,020
	Derivatives, interest rate contracts			-		178,846		-		178,846
		Total other assets		26,900		178,846		-		205,746
		Total assets	$	50,159	$	4,141,641	$	318,575	$	4,510,375
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	210,096	$	-	$	210,096
	Government agency issued MBS			-		854		-		854
	Other U.S. government agencies			-		3,900		-		3,900
	Corporate and other debt			-		153,498		-		153,498
		Total trading liabilities - capital markets		-		368,348		-		368,348
Other liabilities:
	Derivatives, forwards and futures			4,343		-		-		4,343
	Derivatives, interest rate contracts			-		147,021		-		147,021
	Derivatives, other			-		1		2,915		2,916
		Total other liabilities		4,343		147,022		2,915		154,280
		Total liabilities	$	4,343	$	515,370	$	2,915	$	522,628

Changes in Recurring Level 3 Fair Value Measurements
The changes in Level 3 assets and liabilities measured at fair value for the twelve months ended December 31, 2014, 2013, and 2012, on a recurring basis are summarized as follows:
			Twelve Months Ended December 31, 2014
											Securities available-for-sale				Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		149				52,494				-		(2,995)			1,248				(5,981)
		Other comprehensive income / (loss)		-				-				(64)		-			-				-
	Purchases			1,559				5,654				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			(1,715)				(236,975)				-		(5)			(70,204)				-
	Settlements			(1,550)				(19,806)				(455)		(1,300)			(1,320)				3,656
	Net transfers into/(out of) Level 3			-				(3,913)	(b)			-		-			-				-
Balance on December 31, 2014			$	5,643			$	27,910			$	3,307	$	-		$	2,517			$	(5,240)
Net unrealized gains/(losses) included in net income			$	225	(a)		$	1,991	(a)		$	-	$	-		$	43	(a)		$	(5,981)	(c)

			Twelve Months Ended December 31, 2013
											Securities available-for-sale				Mortgage								Other
			Trading			Loans held-				Investment			Venture		servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities				borrowings
Balance on January 1, 2013			$	17,992			$	221,094			$	5,253	$	4,300		$	114,311			$	(2,175)			$	(11,156)
	Total net gains/(losses) included in:
		Net income		5,028				(4,387)				-		-			20,182				(2,013)				(3)
		Other comprehensive income /(loss)		-				-				(114)		-			-				-				-
	Purchases			-				69,929				-		-			-				-				-
	Issuances			-				-				-		-			-				-				-
	Sales			(7,784)				-				-		-			(39,633)				-				11,159
	Settlements			(8,036)				(40,369)				(1,313)		-			(22,067)				1,273				-
	Net transfers into/(out of) Level 3			-				(15,811)	(b)			-		-			-				-				-
Balance on December 31, 2013			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)			$	-
Net unrealized gains/(losses) included in net income			$	1,237	(a)		$	(4,387)	(a)		$	-	$	-		$	17,394	(a)		$	2,013	(c)		$	-	(a)

				Twelve Months Ended December 31, 2012
										Securities available-for-sale						Mortgage								Other
			Trading			Loans held-				Investment			Venture			servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			capital			rights				liabilities				borrowings
Balance on January 1, 2012			$	18,059			$	210,487			$	7,262	$	12,179			$	144,069			$	(11,820)			$	(14,833)
Total net gains/(losses) included in:
		Net income		3,678				(2,618)				-		371				(5,075)				(1,757)				3,677
		Other comprehensive income		-				-				(234)		-				-				-				-
	Purchases			-				60,111				-		-				-				-				-
	Sales			-				-				-		(8,250)				-				-				-
	Settlements			(9,225)				(27,032)				(1,775)		-				(24,683)				11,402				-
	Net transfers into/(out of) Level 3			5,480				(19,854)	(b)			-		-				-				-				-
Balance on December 31, 2012			$	17,992			$	221,094			$	5,253	$	4,300			$	114,311			$	(2,175)			$	(11,156)
Net unrealized gains/(losses) included in net income			$	2,084	(a)		$	(2,618)	(a)		$	-	$	(4,700)	(d)		$	(3,957)	(a)		$	(1,757)	(c)		$	3,677	(a)

• Primarily included in mortgage banking income on the Consolidated Statements of Income.
• Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
• Included in Other expense.
• Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.

In third quarter 2014, FHN completed sales of first lien mortgage loans from its loans held-for-sale portfolio. The sale populations primarily represented loans that had been originated with the intent to sell to FNMA or FHLMC and consisted of repurchased loans as well as loans that remained after FHN’s exit of mortgage origination activities in 2008. Smaller amounts of jumbo loans were also included in the sale, along with some loans insured under government programs. Almost all of these loans had been accounted for at elected fair value (a recurring measurement) with a small amount having been accounted for as LOCOM loans (a nonrecurring measurement). The contracted sale values for the loans reflected a substantial improvement in pricing for pre-2009 vintage first lien mortgages in comparison to FHN’s historical methodologies used to estimate fair value, which incorporate significant Level 3 inputs within a discounted cash flow model. Accordingly, the loans being sold were marked to the revised estimate of fair value during the quarter and the pricing evidence from the sale transactions was considered a Level 2 input within the valuation process for the remaining non-governmental guaranteed portion of first lien mortgage loans held-for-sale. In fourth quarter 2012, FHN determined that the level of market information on prepayment speeds and discount rates associated with its principal only trading securities had become more limited. In response, FHN increased its use of observable inputs and transferred these balances to Level 3.

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at December 31, 2014, 2013, and 2012, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Twelve Months Ended
	Carrying value at December 31, 2014								December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	3,322	$	-	$	3,322	$	46
Loans held-for-sale - first mortgages		-		-		846		846		(470)
Loans, net of unearned income (a)		-		-		40,531		40,531		(714)
Real estate acquired by foreclosure (b)		-		-		30,430		30,430		(3,465)
Other assets (c)		-		-		28,660		28,660		(2,087)
									$	(6,690)
									Twelve Months Ended
	Carrying value at December 31, 2013								December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	6,185	$	-	$	6,185	$	(122)
Loans held-for-sale - first mortgages		-		-		9,457		9,457		139
Loans, net of unearned income (a)		-		-		62,839		62,839		(3,109)
Real estate acquired by foreclosure (b)		-		-		45,753		45,753		(4,987)
Other assets (c)		-		-		30,810		30,810		(2,021)
									$	(10,100)
									Twelve Months Ended
	Carrying value at December 31, 2012								December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	23,902	$	-	$	23,902	$	15
Loans held-for-sale - first mortgages		-		-		12,054		12,054		(436)
Loans, net of unearned income (a)		-		-		117,064		117,064		(55,948)
Real estate acquired by foreclosure (b)		-		-		41,767		41,767		(9,422)
Other assets (c)		-		-		32,370		32,370		(4,478)
									$	(70,269)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments accounted for under the equity method.

In first quarter 2013, FHN exercised clean-up calls on first lien mortgage proprietary securitization trusts. In accordance with accounting requirements, FHN initially recognized the associated loans at fair value. Fair value was primarily determined through reference to observable inputs, including current market prices for similar loans. Since these loans were from the 2003 vintage, adjustments were made for the higher yields associated with the loans in comparison to more currently originated loans being sold. This resulted in recognition of an immaterial premium for these transactions.

Level 3 Measurements
The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of December 31, 2014 and 2013:
(Dollars in Thousands)
	Fair Value at
Level 3 Class	December 31, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	5,637	Discounted cash flow	Prepayment speeds	41% - 46%
				Discount rate	8% - 56%
Loans held-for-sale - residential real estate		28,756	Discounted cash flow	Prepayment speeds - First mortgage	2% - 12%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	50% - 60%
				Loss severity trends - First mortgage	10% - 70% of UPB
				Loss severity trends - HELOC	45% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Mortgage servicing rights (a)		2,517	Discounted cash flow	Prepayment speeds	15.2 CPR
				Discount rate	9.8%
				Cost to service	$141.40/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		5,240	Discounted cash flow	Visa covered litigation resolution amount	$4.8 billion - $5.6 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 48 months
Loans, net of unearned income (b)		40,531	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		30,430	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		28,660	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

• The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.
• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments accounted for under the equity method.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	December 31, 2013		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	7,195	Discounted cash flow	Prepayment speeds	38% - 45%
				Discount rate	NM
Loans held-for-sale - residential real estate		239,913	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	3% - 12%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw Rate - HELOC	2% - 11%
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights (a)		72,793	Discounted cash flow	Prepayment speeds	19.7 CPR
				Discount rate	8.6%
				Cost to service	$162.00/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		2,915	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.0 billion
				Probability of resolution scenarios	15% - 45%
				Time until resolution	6 - 30 months
Loans, net of unearned income (b)		62,839	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction Values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		45,753	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		30,810	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policiesfor additional information.

NM – not meaningful

• The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.
• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments accounted for under the equity method.

Mortgage servicing rights and other retained interests.Prepayment rates and credit spreads (part of the discount rate) are significant unobservable inputs used in the fair value measurement of FHN’s MSR and mortgage trading securities which include principal only strips, excess interest IO, and subordinated bonds. Cost to service and earnings on escrow are additional unobservable inputs included in the valuation of MSR. Increases in prepayment rates, credit spreads and costs to service in isolation would result in significantly lower fair value measurements for the associated assets. Conversely, decreases in prepayment rates, credit spreads and costs to service in isolation would result in significantly higher fair value measurements for the associated assets. An increase/(decrease) in earnings on escrow in isolation would be accompanied by an increase/(decrease) in the value of the related MSR. Generally, when market interest rates decline and other factors favorable to prepayments occur, there is a corresponding increase in prepayment rates as customers are expected to refinance existing mortgages under more favorable interest rate terms. Generally, changes in discount rates directionally mirror the changes in market interest rates. In third quarter 2013, FHN agreed to sell substantially all its remaining legacy mortgage servicing. Sales commenced in fourth quarter 2013 and were substantially completed in first quarter 2014. FHN used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR and excess interest, as a third-party pricing source in the valuation of the remaining servicing assets as of December 31, 2014.

Prior to the contracted servicing sale, the MSR Hedging Working Group reviewed the overall assessment of the estimated fair value of MSR and excess interests weekly and was responsible for approving the critical assumptions used by management to determine the estimated fair value of FHN’s retained interests. In addition, this working group reviewed the source of significant changes to the carrying values each quarter and was responsible for hedges and approving hedging strategies during periods when the MSR was hedged. Hedges were terminated upon execution of the definitive agreement to sell servicing. Subsequent to the contracted servicing sale, FHN's Corporate Accounting Department monitors sale activity and changes in the fair value of MSR and excess interest monthly.

Prior to the contracted servicing sale, FHN also engaged in a process referred to as “price discovery” on a quarterly basis to assess the reasonableness of the estimated fair value of retained interests. Price discovery was conducted through a process of obtaining the following information: (1) quarterly informal (and an annual formal) valuation of the servicing portfolio by prominent independent mortgage-servicing brokers and (2) a collection of surveys and benchmarking data made available by independent third parties that include peer participants in the mortgage banking business. Although there was no single source of market information that could be relied upon to assess the fair value of MSR or excess interests, FHN reviewed all information obtained during price discovery to determine whether the estimated fair value of MSR was reasonable when compared to market information.

Loans held-for-sale.Prepayment rates, foreclosure losses (2014), credit spreads (2013), and delinquency adjustment factors (2013) are significant unobservable inputs used in the fair value measurement of FHN’s residential real estate loans held-for-sale. Loss severity trends are also assessed to evaluate the reasonableness of fair value estimates resulting from discounted cash flows methodologies as well as to estimate fair value for newly repurchased loansand loans that are near foreclosure. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. Draw rates are an additional significant unobservable input for HELOCs.Increases (decreases) in the draw rate estimates for HELOCs would increase (decrease) their fair value.All observable and unobservable inputs are re-assessed monthly. Fair value measurements are reviewed at least monthly by FHN’s Corporate Accounting Department.

Venture capital investments. The unobservable inputs used in the estimation of fair value for Venture capital investments were adjustments for minority interest and small business status when compared to industry comparables, reduction of cash flow estimates due to industry uncertainty and the discount rate and earnings capitalization rate for a discounted cash flow analysis. For both valuation techniques, the inputs were intended to reflect the nature of the small business and the status of equity tranches held by FHN in relation to the overall valuation. The valuation of venture capital investments was reviewed at least quarterly by FHN’s Equity Investment Review Committee. Changes in valuation were discussed with respect to the appropriateness of the adjustments in relation to the associated triggering events.

Derivative liabilities. The determination of fair value for FHN’s derivative liabilities associated with its prior sales of Visa Class B shares include estimation of both the resolution amount for Visa’s Covered Litigation matters as well as the length of time until the resolution occurs. Significant increases (decreases) in either of these inputs in isolation would result in significantly higher (lower) fair value measurements for the derivative liabilities. Additionally, FHN performs a probability weighted multiple resolution scenario to calculate the estimated fair value of these derivative liabilities. Assignment of higher (lower) probabilities to the larger potential resolution scenarios would result in an increase (decrease) in the estimated fair value of the derivative liabilities. The valuation inputs and process are discussed with senior and executive management when significant events affecting the estimate of fair value occur. Inputs are compared to information obtained from the public issuances and filings of Visa, Inc. as well as public information released by other participants in the applicable litigation matters.

Loans, net of unearned income and Real estate acquired by foreclosure. Collateral-dependent loans and Real estate acquired by foreclosure are primarily valued using appraisals based on sales of comparable properties in the same or similar markets. Multiple appraisal firms are utilized to ensure that estimated values are consistent between firms. This process occurs within FHN’s Credit Risk Management and Loan Servicing functions (primarily consumer) and the Credit Risk Management Committee reviews valuation methodologies and loss information for reasonableness. Back testing is performed during the year through comparison to ultimate disposition values and is reviewed quarterly within the Credit Risk Management function. Other collateral (receivables, inventory, equipment, etc.) is valued through borrowing base certificates, financial statements and/or auction valuations. These valuations are discounted based on the quality of reporting, knowledge of the marketability/collectability of the collateral and historical disposition rates.

Other assets – tax credit investments.The estimated fair value of tax credit investments accounted for under the equity methodis generally determined in relation to the yield (i.e., future tax credits to be received) an acquirer of these investments would expect in relation to the yields experienced on current new issue and/or secondary market transactions. Thus, as tax credits are recognized, the future yield to a market participant is reduced, resulting in consistent impairment of the individual investments. Individual investments are reviewed for impairment quarterly, which may include the consideration of additional marketability discounts related to specific investments. Unusual valuation adjustments, and the associated triggering events, are discussed with senior and executive management, when appropriate. A portfolio review is conducted annually, with the assistance of a third party, to assess the reasonableness of current valuations.

Fair Value Option

FHN elected the fair value option on a prospective basis for almost all types of mortgage loans originated for sale purposes under the Financial Instruments Topic (“ASC 825”). FHN determined that the election reduced certain timing differences and better matched changes in the value of such loans with changes in the value of derivatives used as economic hedges for these assets at the time of election. After the 2008 divestiture of certain mortgage banking operations and the significant decline of mortgage loans originated for sale, FHN discontinued hedging the mortgage warehouse.

Repurchased loans are recognized within loans held-for-sale at fair value at the time of repurchase, which includes consideration of the credit status of the loans and the estimated liquidation value. FHN has elected to continue recognition of these loans at fair value in periods subsequent to reacquisition. Due to the credit-distressed nature of the vast majority of repurchased loans and the related loss severities experienced upon repurchase, FHN believes that the fair value election provides a more timely recognition of changes in value for these loans that occur subsequent to repurchase. Absent the fair value election, these loans would be subject to valuation at the LOCOM value, which would prevent subsequent values from exceeding the initial fair value, determined at the time of repurchase, but would require recognition of subsequent declines in value. Thus, the fair value election provides for a more timely recognition of any potential future recoveries in asset values while not affecting the requirement to recognize subsequent declines in value.

Prior to 2010, FHN transferred certain servicing assets in transactions that did not qualify for sale treatment due to certain recourse provisions. In fourth quarter 2013, these recourse provisions expired and the transaction was recognized as a sale. Prior to fourth quarter 2013, the associated proceeds were recognized within other short-term borrowings in the Consolidated Statements of Condition. Since the servicing assets were recognized at fair value and changes in the fair value of the related financing liabilities mirrored the change in fair value of the associated servicing assets, management elected to account for the financing liabilities at fair value. Since the servicing assets had already been delivered to the buyer, the fair value of the financing liabilities associated with the transaction did not reflect any instrument-specific credit risk.

The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
		December 31, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	27,910	$	43,822		$	(15,912)
	Nonaccrual loans		7,430		14,316			(6,886)
	Loans 90 days or more past due and still accruing		2,587		4,000			(1,413)
		December 31, 2013
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	230,456	$	378,326		$	(147,870)
	Nonaccrual loans		64,231		137,301			(73,070)
	Loans 90 days or more past due and still accruing		7,765		15,854			(8,089)

Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:
				Twelve Months Ended
				December 31
(Dollars in thousands)				2014		2013		2012
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	52,494	$	(4,387)	$	(2,618)
		Other short-term borrowings		-		(3)		3,677

For the twelve months ended December 31, 2014, 2013, and 2012, the amounts for residential real estate loans held-for-sale include a gain of $2.8million and a loss of $1.5 million and $1.8 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. The portion of the fair value adjustments related to credit risk was determined based on both a quality adjustment for delinquencies and the full credit spread on the non-conforming loans. Interest income on residential real estate loans held-for-sale measured at fair value is calculated based on the note rate of the loan and is recorded in the interest income section of the Consolidated Statements of Income as interest on loans held-for-sale.

Determination of Fair Value

In accordance with ASC 820-10-35, fair values are based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following describes the assumptions and methodologies used to estimate the fair value of financial instruments and MSR recorded at fair value in the Consolidated Statements of Condition and for estimating the fair value of financial instruments for which fair value is disclosed under ASC 825-10-50.

Short-term financial assets. Federal funds sold, securities purchased under agreements to resell, and interest bearing deposits with other financial institutions and the Federal Reserve are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization.

Trading securities and trading liabilities. Trading securities and trading liabilities are recognized at fair value through current earnings. Trading inventory held for broker-dealer operations is included in trading securities and trading liabilities. Broker-dealer long positions are valued at bid price in the bid-ask spread. Short positions are valued at the ask price. Inventory positions are valued using observable inputs including current market transactions, LIBOR and U.S. treasury curves, credit spreads, and consensus prepayment speeds.Trading loans are valued using observable inputs including current market transactions, swap rates, mortgage rates, and consensus prepayment speeds.

Trading securities also include retained interests in prior securitizations that qualify as financial assets, which primarily include interest-only strips, principal-only strips and subordinated bonds. In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing, including excess interest. Since that time FHN has used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the excess interest, as a third-party pricing source in the valuation of the excess interest. FHN uses inputs including yield curves, credit spreads, and prepayment speeds to determine the fair value of principal-only strips.Subordinated bonds are bonds with junior priority and are valued using an internal model which includes contractual terms, frequency and severity of loss (credit spreads), prepayment speeds of the underlying collateral, and the yield that a marketparticipant would require.

Prior to the third quarter 2013 sale, the fair value of excess interest was determined using prices from closely comparable assets such as MSR that were tested against prices determined using a valuation model that calculated the present value of estimated future cash flows. Inputs utilized in valuing excess interest were consistent with those used to value the related MSR. The fair value of excess interest typically changes based on changes in the discount rate and differences between modeled prepayment speeds and credit losses and actual experience. FHN used assumptions in the model that it believes are comparable to those used by brokers and other service providers. FHN also periodically compared its estimates of fair value and assumptions with brokers, service providers, recent market activity, and against its own experience.

Securities available-for-sale. Securities available-for-sale includes the investment portfolio accounted for as available-for-sale under ASC 320-10-25, federal bank stock holdings, short-term investments in mutual funds, and prior to third quarter 2014, venture capital investments. Valuations of available-for-sale securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves, consensus prepayment estimates, and credit spreads. When available, broker quotes are used to support these valuations. Certain government agency debt obligations with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows and the treasury curve. Significant unobservable inputs include estimated trading spreads and estimated prepayment speeds.

Investments in the stock of the Federal Reserve Bank and Federal Home Loan Banks are recognized at historical cost in the Consolidated Statements of Condition which is considered to approximate fair value. Short-term investments in mutual funds are measured at the funds’ reported closing net asset values. Investments in equity securities are valued using quoted market prices. Prior to 2014, venture capital investments were typically measured using significant internally generated inputs including adjustments to industry comparables and discounted cash flows analysis.

Securities held-to-maturity. Securities held-to-maturity reflects debt securities for which management has the positive intent and ability to hold to maturity. To the extent possible, valuations of held-to-maturity securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves and credit spreads. Debt securities with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows, the treasury curve and credit spreads from similar instruments. Significant unobservable inputs include estimated credit spreads for individual issuers and instruments as well as prepayment speeds, as applicable.

Loans held-for-sale. For applicable loans current transaction prices and /or bid values on similar assets are used in valuing residential real estate loans held-for-sale. Uncommitted bids may be adjusted based on other available market information. For all other loans FHN determines the fair value of residential real estate loans held-for-sale using a discounted cash flow model which incorporates both observable and unobservable inputs. Commencing in fourth quarter 2014, inputs include current mortgage rates for similar products, estimated prepayment rates, foreclosure losses, and various loan performance measures (delinquency, LTV, credit score). Prior to fourth quarter 2014, typical inputs included contractual cash flow requirements, current mortgage rates for similar products, estimated prepayment rates, credit spreads and delinquency penalty adjustments. Adjustments for delinquency and other differences in loan characteristics are typically reflected in the model’s discount rates. Loss severity trends and the value of underlying collateral are also considered in assessing the appropriate fair value for severely delinquent loans and loans in foreclosure. The valuation of HELOCs also incorporates estimates of loan draw rates as well as estimated cancellation rates for loans expected to become delinquent.

Loans held-for-sale also includes loans made by the Small Business Administration (“SBA”), which are accounted for at LOCOM. The fair value of SBA loans is determined using an expected cash flow model that utilizes observable inputs such as the spread between LIBOR and prime rates, consensus prepayment speeds, and the treasury curve. The fair value of other non-residential real estate loans held-for-sale is approximated by their carrying values based on current transaction values.

Loans, net of unearned income. Loans, net of unearned income are recognized at the amount of funds advanced, less charge-offs and an estimation of credit risk represented by the allowance for loan losses. The fair value estimates for disclosure purposes differentiate loans based on their financial characteristics, such as product classification, vintage, loan category, pricing features, and remaining maturity.

The fair value of floating rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is considered to approximate book value due to the monthly repricing for commercial and consumer loans, with the exception of floating rate 1-4 family residential mortgage loans which reprice annually and will lag movements in market rates. The fair value for floating rate 1-4 family mortgage loans is calculated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period.

Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the floating rate 1-4 family residential mortgage portfolio.

The fair value of fixed rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is estimated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period. Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the fixed rate mortgage and installment loan portfolios.

For all loan portfolio classes, adjustments are made to reflect liquidity or illiquidity of the market. Such adjustments reflect discounts that FHN believes are consistent with what a market participant would consider in determining fair value given current market conditions.

Individually impaired loans are measured using either a discounted cash flow methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral-dependent. In accordance with accounting standards, the discounted cash flow analysis utilizes the loan’s effective interest rate for discounting expected cash flow amounts. Thus, this analysis is not considered a fair value measurement in accordance with ASC 820. However, the results of this methodology are considered to approximate fair value for the applicable loans. Expected cash flows are derived from internally-developed inputs primarily reflecting expected default rates on contractual cash flows. For loans measured using the estimated fair value of collateral less costs to sell, fair value is estimated using appraisals of the collateral. Collateral values are monitored and additional write-downs are recognized if it is determined that the estimated collateral values have declined further. Estimated costs to sell are based on current amounts of disposal costs for similar assets. Carrying value is considered to reflect fair value for these loans.

Mortgage servicing rights. FHN recognizes all classes of MSR at fair value. In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing. Since that time FHN has used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR, as a third-party pricing source in the valuation of the MSR.

Since sales of MSR tend to occur in private transactions and the precise terms and conditions of the sales are typically not readily available, there is a limited market to refer to in determining the fair value of MSR. As such, prior to the third quarter 2013 sale agreement, FHN primarily relied on a discounted cash flow model to estimate the fair value of its MSR. This model calculated estimated fair value of the MSR using predominant risk characteristics of MSR such as interest rates, type of product (fixed vs. variable), age (new, seasoned, or moderate), agency type and other factors. FHN used assumptions in the model that it believed were comparable to those used by brokers and other service providers. FHN also periodically compared its estimates of fair value and assumptions with brokers, service providers, recent market activity, and against its own experience.

Derivative assets and liabilities. The fair value for forwards and futures contracts is based on current transactions involving identical securities. Futures contracts are exchange-traded and thus have no credit risk factor assigned as the risk of non-performance is limited to the clearinghouse used.

Valuations of other derivatives (primarily interest rate related swaps, swaptions, caps, and collars) are based on inputs observed in active markets for similar instruments. Typical inputs include the LIBOR curve, Overnight Indexed Swap ("OIS") curve, option volatility, and option skew. In measuring the fair value of these derivative assets and liabilities, FHN has elected to consider credit risk based on the net exposure to individual counterparties. Credit risk is mitigated for these instruments through the use of mutual margining and master netting agreements as well as collateral posting requirements. Any remaining credit risk related to interest rate derivatives is considered in determining fair value through evaluation of additional factors such as customer loan grades and debt ratings. Foreign currency related derivatives also utilize observable exchange rates in the determination of fair value.

In conjunction with the sales of portions of its Visa Class B shares, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The fair value of these derivatives has been determined using a discounted cash flow methodology for estimated future cash flows determined through use of probability weighted scenarios for multiple estimates of Visa’s aggregate exposure to covered litigation matters, which include consideration of amounts funded by Visa into its escrow account for the covered litigation matters. Since this estimation process required application of judgment in developing significant unobservable inputs used to determine the possible outcomes and the probability weighting assigned to each scenario, these derivatives have been classified within Level 3 in fair value measurements disclosures.

Real estate acquired by foreclosure. Real estate acquired by foreclosure primarily consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Estimated fair value is determined using appraised values with subsequent adjustments for deterioration in values that are not reflected in the most recent appraisal. Real estate acquired by foreclosure also includes properties acquired in compliance with HUD servicing guidelines which are carried at the estimated amount of the underlying government insurance or guarantee.

Nonearning assets. For disclosure purposes, nonearning assets include cash and due from banks, accrued interest receivable, and capital markets receivables. Due to the short-term nature of cash and due from banks, accrued interest receivable, and capital markets receivables, the fair value is approximated by the book value.

Other assets. For disclosure purposes, other assets consist of tax credit investments and deferred compensation assets that are considered financial assets. Tax credit investments accounted for under the equity method are written down to estimated fair value quarterly based on the estimated value of the associated tax credits which incorporates estimates of required yield for hypothetical investors. The fair value of all other tax credit investments is estimated using recent transaction information with adjustments for differences in individual investments. Deferred compensation assets are recognized at fair value, which is based on quoted prices in active markets.

Defined maturity deposits. The fair value of these deposits is estimated by discounting future cash flows to their present value. Future cash flows are discounted by using the current market rates of similar instruments applicable to the remaining maturity. For disclosure purposes, defined maturity deposits include all certificates of deposit and other time deposits.

Undefined maturity deposits. In accordance with ASC 825, the fair value of these deposits is approximated by the book value. For the purpose of this disclosure, undefined maturity deposits include demand deposits, checking interest accounts, savings accounts, and money market accounts.

Short-term financial liabilities. The fair value of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings are approximated by the book value. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Prior to fourth quarter 2013, Other short-term borrowings included a liability associated with transfers of MSR that did not qualify for sale accounting. This liability was accounted for at elected fair value, which was measured consistent with the related MSR, as previously described.

Term borrowings. The fair value of term borrowings is based on quoted market prices or dealer quotes for the identical liability when traded as an asset. When pricing information for the identical liability is not available, relevant prices for similar debt instruments are used with adjustments being made to the prices obtained for differences in characteristics of the debt instruments. If no relevant pricing information is available, the fair value is approximated by the present value of the contractual cash flows discounted by the investor’s yield which considers FHN’s and FTBNA’s debt ratings.

Other noninterest-bearing liabilities. For disclosure purposes, other noninterest-bearing liabilities include accrued interest payable and capital markets payables. Due to the short-term nature of these liabilities, the book value is considered to approximate fair value.

Loan commitments. Fair values of these commitments are based on fees charged to enter into similar agreements taking into account the remaining terms of the agreements and the counterparties’ credit standing.

Other commitments. Fair values of these commitments are based on fees charged to enter into similar agreements.

The following fair value estimates are determined as of a specific point in time utilizing various assumptions and estimates. The use of assumptions and various valuation techniques, as well as the absence of secondary markets for certain financial instruments, will likely reduce the comparability of fair value disclosures between financial institutions. Due to market illiquidity, the fair values for loans, net of unearned income, loans held-for-sale, and term borrowings as of December 31, 2014 and 2013, involve the use of significant internally-developed pricing assumptions for certain components of these line items. These assumptions are considered to reflect inputs that market participants would use in transactions involving these instruments as of the measurement date. Assets and liabilities that are not financial instruments (including MSR) have not been included in the following table such as the value of long-term relationships with deposit and trust customers, premises and equipment, goodwill and other intangibles, deferred taxes, and certain other assets and other liabilities. Accordingly, the total of the fair value amounts does not represent, and should not be construed to represent, the underlying value of the Company.

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Statements of Condition as well as unfunded commitments as of December 31,2014 and 2013.

			December 31, 2014
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	8,940,275	$	-	$	-	$	8,902,045	$	8,902,045
		Commercial real estate		1,259,143		-		-		1,243,404		1,243,404
	Retail:
		Consumer real estate		4,935,060		-		-		4,747,761		4,747,761
		Permanent mortgage		519,839		-		-		483,179		483,179
		Credit card & other		343,401		-		-		345,198		345,198
Total loans, net of unearned income and allowance for loan losses				15,997,718		-		-		15,721,587		15,721,587
Short-term financial assets
	Interest-bearing cash			1,621,967		1,621,967		-		-		1,621,967
	Federal funds sold			63,080		-		63,080		-		63,080
	Securities purchased under agreements to resell			659,154		-		659,154		-		659,154
Total short-term financial assets				2,344,201		1,621,967		722,234		-		2,344,201
Trading securities (a)				1,194,391		-		1,188,749		5,642		1,194,391
Loans held-for-sale (a)				141,285		-		3,322		137,963		141,285
Securities available-for-sale (a) (b)				3,556,613		26,264		3,371,236		159,113		3,556,613
Securities held-to-maturity				4,292		-		-		5,404		5,404
Derivative assets (a)				134,088		2,345		131,743		-		134,088
Other assets
	Tax credit investments			82,907		-		-		65,314		65,314
	Deferred compensation assets			25,665		25,665		-		-		25,665
Total other assets				108,572		25,665		-		65,314		90,979
Nonearning assets
	Cash & due from banks			349,171		349,171		-		-		349,171
	Capital markets receivables			42,488		-		42,488		-		42,488
	Accrued interest receivable			67,301		-		67,301		-		67,301
Total nonearning assets				458,960		349,171		109,789		-		458,960
Total assets			$	23,940,120	$	2,025,412	$	5,527,073	$	16,095,023	$	23,647,508
Liabilities:
Deposits:
	Defined maturity		$	1,276,938	$	-	$	1,282,833	$	-	$	1,282,833
	Undefined maturity			16,792,001		-		16,792,001		-		16,792,001
Total deposits				18,068,939		-		18,074,834		-		18,074,834
Trading liabilities (a)				594,314		-		594,315		-		594,315
Short-term financial liabilities
	Federal funds purchased			1,037,052		-		1,037,052		-		1,037,052
	Securities sold under agreements to repurchase			562,214		-		562,214		-		562,214
	Other short-term borrowings			157,218		-		157,218		-		157,218
Total short-term financial liabilities				1,756,484		-		1,756,484		-		1,756,484
Term borrowings
	Real estate investment trust-preferred			45,896		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		18,049		18,049
	Borrowings secured by residential real estate			65,612		-		-		56,623		56,623
	Other long term borrowings			1,750,597		-		1,730,061		-		1,730,061
Total term borrowings				1,880,105		-		1,730,061		124,022		1,854,083
Derivative liabilities (a)				119,239		2,035		111,964		5,240		119,239
Other noninterest-bearing liabilities
	Capital markets payables			18,157		-		18,157		-		18,157
	Accrued interest payable			23,995		-		23,995		-		23,995
Total other noninterest-bearing liabilities				42,152		-		42,152		-		42,152
Total liabilities			$	22,461,233	$	2,035	$	22,309,810	$	129,262	$	22,441,107

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policiesfor additional information.

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

			December 31, 2013
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	7,837,130	$	-	$	-	$	7,759,902	$	7,759,902
		Commercial real estate		1,122,676		-		-		1,075,385		1,075,385
	Retail:
		Consumer real estate		5,206,586		-		-		4,858,031		4,858,031
		Permanent mortgage		639,751		-		-		606,038		606,038
		Credit card & other		329,122		-		-		331,088		331,088
Total loans, net of unearned income and allowance for loan losses				15,135,265		-		-		14,630,444		14,630,444
Short-term financial assets
	Interest-bearing cash			730,297		730,297		-		-		730,297
	Federal funds sold			66,079		-		66,079		-		66,079
	Securities purchased under agreements to resell			412,614		-		412,614		-		412,614
Total short-term financial assets				1,208,990		730,297		478,693		-		1,208,990
Trading securities (a)				801,718		-		794,518		7,200		801,718
Loans held-for-sale (a)				370,152		-		6,185		363,967		370,152
Securities available-for-sale (a) (b)				3,398,457		23,259		3,168,277		206,921		3,398,457
Derivative assets (a)				181,866		3,020		178,846		-		181,866
Other assets
	Tax credit investments			88,612		-		-		75,926		75,926
	Deferred compensation assets			23,880		23,880		-		-		23,880
Total other assets				112,492		23,880		-		75,926		99,806
Nonearning assets
	Cash & due from banks			349,216		349,216		-		-		349,216
	Capital markets receivables			45,255		-		45,255		-		45,255
	Accrued interest receivable			69,208		-		69,208		-		69,208
Total nonearning assets				463,679		349,216		114,463		-		463,679
Total assets			$	21,672,619	$	1,129,672	$	4,740,982	$	15,284,458	$	21,155,112
Liabilities:
Deposits:
	Defined maturity		$	1,505,712	$	-	$	1,520,950	$	-	$	1,520,950
	Undefined maturity			15,229,244		-		15,229,244		-		15,229,244
Total deposits				16,734,956		-		16,750,194		-		16,750,194
Trading liabilities (a)				368,348		-		368,348		-		368,348
Short-term financial liabilities
	Federal funds purchased			1,042,633		-		1,042,633		-		1,042,633
	Securities sold under agreements to repurchase			442,789		-		442,789		-		442,789
	Other short-term borrowings			181,146		-		181,146		-		181,146
Total short-term financial liabilities				1,666,568		-		1,666,568		-		1,666,568
Term borrowings
	Real estate investment trust-preferred			45,828		-		-		47,000		47,000
	Term borrowings - new market tax credit investment			18,000		-		-		17,685		17,685
	Borrowings secured by residential real estate			310,833		-		-		268,249		268,249
	Other long term borrowings			1,365,198		-		1,372,646		-		1,372,646
Total term borrowings				1,739,859		-		1,372,646		332,934		1,705,580
Derivative liabilities (a)				154,280		4,343		147,022		2,915		154,280
Other noninterest-bearing liabilities
	Capital markets payables			21,173		-		21,173		-		21,173
	Accrued interest payable			23,813		-		23,813		-		23,813
Total other noninterest-bearing liabilities				44,986		-		44,986		-		44,986
Total liabilities			$	20,708,997	$	4,343	$	20,349,764	$	335,849	$	20,689,956
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
Unfunded Commitments:
Loan commitments	$	7,309,137	$	7,469,553	$	2,358	$	1,923
Standby and other commitments		331,877		318,149		4,451		4,653
Certain previously reported amounts have been reclassified to agree with current presentation.

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Short-Term Borrowings (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014 USD ($)
Short Term Debt [Line Items]
Fair value of capital markets trading securities pledged to secure other short-term borrowings	$ 172,900,000
Federal Funds Purchased [Member]
Short Term Debt [Line Items]
Maximum maturity days	90 days
Securities Sold Under Agreements To Repurchase [Member]
Short Term Debt [Line Items]
Maximum maturity days	90 days
Trading Liabilities [Member]
Short Term Debt [Line Items]
Maximum holding days	90 days
Other Short Term Borrowings [Member]
Short Term Debt [Line Items]
Maximum original maturity period	1 year

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Pension, Savings, And Other Employee Benefits (Schedule Of Components Of Net Periodic Benefit Cost) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	[1]	$ 56,000	$ 63,000	$ 14,800,000
Interest cost		34,915,000	32,361,000	33,040,000
Expected return on plan assets		(40,093,000)	(34,946,000)	(39,813,000)
Amortization of unrecognized, Transition obligation		0	0	0
Amortization of unrecognized, Prior service cost/(credit)		346,000	353,000	398,000
Amortization of unrecognized, Actuarial (gain)/loss	[2]	6,898,000	9,832,000	35,999,000
Net periodic benefit cost		2,122,000	7,663,000	44,424,000
ASC 715 settlement expense	[3]	0	370,000	1,231,000
ASC 715 special termination benefits	[4]	1,009,000	0	0
Total periodic benefit costs		3,131,000	8,033,000	45,655,000
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	[1]	207,000	460,000	467,000
Interest cost		1,754,000	2,033,000	2,298,000
Expected return on plan assets		(1,025,000)	(816,000)	(915,000)
Amortization of unrecognized, Transition obligation		0	0	736,000
Amortization of unrecognized, Prior service cost/(credit)		(1,163,000)	(299,000)	(9,000)
Amortization of unrecognized, Actuarial (gain)/loss	[2]	(1,006,000)	(171,000)	(488,000)
Net periodic benefit cost		(1,233,000)	1,207,000	2,089,000
ASC 715 settlement expense	[3]	0	0	0
ASC 715 special termination benefits	[4]	0	0	0
Total periodic benefit costs		$ (1,233,000)	$ 1,207,000	$ 2,089,000

[1] 2014 and 2013 decline in total pension benefits service cost reflects the freeze of the pension plans effective December 31, 2012.

[2] 2014 and 2013 decline in recognition of total pension benefits actuarial loss driven by the change in amortization term from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants in conjunction with the freeze of the pension plans on December 31, 2012.

[3] In 2013 and 2012 , lump sum payments under the supplement al retirement plan triggered settlement accounting. In accordance with its practice, FHN performed a remeasurement of the plan in conjunction with the settlement and re alized an ASC 715 settlement expense.

[4] In 2014, a one-time special termination benefits charge was recognized related to recalculation of a participant’s benefit under a non-qualified plan upon retirement.

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Regulatory Capital and Restrictions

12 Months Ended

Dec. 31, 2014

Regulatory Capital Requirements [Abstract]

Regulatory Capital And Restrictions

Note 13 – Regulatory Capital and Restrictions

Regulatory Capital.FHN is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on FHN's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, specific capital guidelines that involve quantitative measures of assets, liabilities, and certain derivatives as calculated under regulatory accounting practices must be met. Capital amounts and classification are also subject to qualitative judgment by the regulators about capital components, asset risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require FHN to maintain minimum amounts and ratios of Total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets (“Leverage”). Management believes that, as of December 31, 2014, FHN met all capital adequacy requirements to which it was subject.

The actual capital amounts and ratios of FHN and FTBNA are presented in the table below. In addition, FTBNA must also calculate its capital ratios after excluding financial subsidiaries as defined by the Gramm-Leach-Bliley Act of 1999. Based on this calculation, FTBNA’s Total Capital, Tier 1 Capital, and Leverage ratios were 16.59percent, 15.77percent, and 12.41 percent, respectively, on December 31,2014, and were 16.84percent, 15.43percent, and 12.33percent, respectively, on December 31,2013.

	First Horizon National				First Tennessee Bank
	Corporation				National Association
(Dollars in thousands)		Amount	Ratio			Amount	Ratio
On December 31, 2014
Actual:
Total Capital	$	3,148,336	16.18	%	$	3,441,315	17.86	%
Tier 1 Capital		2,813,503	14.46			3,107,407	16.12
Leverage		2,813,503	11.43			3,107,407	12.72
Minimum Requirement for Capital Adequacy Purposes:
Total Capital		1,556,213	8.00			1,541,837	8.00
Tier 1 Capital		778,106	4.00			770,918	4.00
Leverage		985,033	4.00			977,374	4.00
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions:
Total Capital						1,927,296	10.00
Tier 1 Capital						1,156,378	6.00
Leverage						1,221,717	5.00
On December 31, 2013
Actual:
Total Capital	$	3,063,631	16.23	%	$	3,434,410	18.36	%
Tier 1 Capital		2,618,976	13.87			2,991,866	15.99
Leverage		2,618,976	11.04			2,991,866	12.71
Minimum Requirement for Capital Adequacy Purposes:
Total Capital		1,510,288	8.00			1,496,685	8.00
Tier 1 Capital		755,144	4.00			748,342	4.00
Leverage		949,181	4.00			941,641	4.00
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions:
Total Capital						1,870,856	10.00
Tier 1 Capital						1,122,514	6.00
Leverage						1,177,051	5.00
Regulatory capital balances are presented as originally reported. For regulatory purposes, each Report of Condition and Income covers a single discrete period and retroactive restatement of prior years’ Reports of Condition and Income is not permitted due to the adoption of a new accounting standard.

Restrictions on cash and due from banks. Under the Federal Reserve Act and Regulation D, FTBNA is required to maintain a certain amount of cash reserves. On December 31, 2014 and 2013, FTBNA’s required reserves were $125.9million and $115.2million, respectively. At the end of 2014 and 2013, this requirement was met with $150.8million and $137.8million in vault cash, respectively, in addition to Federal Reserve Bank deposits. Vault cash is reflected in Cash and due from banks on the Consolidated Statements of Condition and Federal Reserve Bank deposits are reflected as Interest-bearing cash.

Restrictions on dividends.Cash dividends are paid by FHN from its assets, which are mainly provided by dividends from its subsidiaries. Certain regulatory restrictions exist regarding the ability of FTBNA to transfer funds to FHN in the form of cash, dividends, loans, or advances. As of December 31, 2014, FTBNA had undivided profits of $1.0billion, of which none was available for distribution to FHN as dividends without prior regulatory approval. At any given time, the pertinent portions of those regulatory restrictions allow FTBNA to declare preferred or common dividends without prior regulatory approval in an amount equal to FTBNA’s retained net income for the two most recent completed years plus the current year to date. For any period, FTBNA’s ‘retained net income’ generally is equal to FTBNA’s regulatory net income reduced by the preferred and common dividends declared by FTBNA. Excess dividends in either of the two most recent completed years may be offset with available retained net income in the two years immediately preceding it.Applying the applicable rules, FTBNA’s total amount available for dividends was negative $75.7million at December 31, 2014 and positive $15.1 million onJanuary 1, 2015. FTBNA applied for and received approval from the OCC to declare and pay common dividends to the parent company in the amount of $180.0 million in 2013 and 2014. During 2013 and 2014, FTBNA applied for and received approval from the OCC to declare and pay dividends on its preferred stock quarterly. Additionally, FTBNA’s Board has declared the dividends on its preferred stock outstanding payable in April 2015.

The payment of cash dividends by FHN and FTBNA may also be affected or limited by other factors, such as the requirement to maintain adequate capital above regulatory guidelines and debt covenants. Furthermore, the Federal Reserve and the OCC have issued policy statements generally requiring insured banks and bank holding companies only to pay dividends out of current operating earnings. Consequently, the decision of whether FHN will pay future dividends and the amount of dividends will be affected by current operating results.

Restrictions on intercompany transactions.Under current Federal banking law, banking subsidiaries may not extend credit to any affiliate including the parent company and certain financial subsidiaries in excess of 10 percent of the bank’s capital stock and surplus, as defined, or $344.0million, on December 31, 2014. The equity investment, including retained earnings, in certain of a bank's financial subsidiaries is also treated as a covered transaction. The parent company had covered transactions of $.9 million from FTBNA and the bank's financial subsidiary, FTN Financial Securities Corp., had a total equity investment from FTBNA of $365.8 million on December 31, 2014. Since the equity investment FTBNA has in FTN Financial Securities Corp. exceeds the 10 percent per affiliate limit, FTBNA cannot engage in any additional covered transactions with this affiliate and the banking regulators could require FTBNA to reduce its equity investment so that it is within the limit. In addition, the aggregate amount of covered transactions with all affiliates, as defined, is limited to 20 percent of the bank’s capital stock and surplus, as defined, or $688.0 million, on December 31, 2014. FTBNA’s total covered transactions with all affiliates including the parent company on December 31, 2014 were $366.7 million.

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Acquisitions and Divestitures (Narrative) (Details)	5 Months Ended	10 Months Ended	12 Months Ended
	Jun. 07, 2013 USD ($)	Oct. 17, 2014 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Oct. 21, 2014	Dec. 31, 2011 USD ($)
Business Acquisition [Line Items]
Goodwill			$ 145,932,000	$ 141,943,000	$ 134,242,000		$ 133,659,000
Goodwill, Impairment			0	0	$ 0
Total assets			25,668,187,000	23,784,493,000
Total deposits			$ 18,068,939,000	$ 16,734,956,000
Mountain National Bank
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity	Mountain National Bank
Number Of Bank Branches	12
Mountain National Bank | Acquired From FDIC
Business Acquisition [Line Items]
Acquisition date	Jun. 07, 2013
Assets acquired	$ 451,547,000
Loans acquired	249,001,000
Cash and cash equivalents	54,872,000
Premises and equipment	10,359,000
Deposits assumed	362,098,000
Asset discount	33,000,000
Mountain National Bank | As Recorded by FHN
Business Acquisition [Line Items]
Assets acquired	416,674,000
Loans acquired	215,907,000
Cash and cash equivalents	54,872,000
Premises and equipment	14,114,000
Deposits assumed	364,098,000
Goodwill	7,701,000
Acquisition goodwill expected to be tax deductible	$ 4,400,000
Branch Acquisition
Business Acquisition [Line Items]
Acquisition date		Oct. 17, 2014
Number Of Bank Branches		13
Deposit Premium		3.32%
Branch Acquisition | As Recorded by FHN
Business Acquisition [Line Items]
Assets acquired		$ 437,600,000
Cash and cash equivalents		413,400,000
Premises and equipment		7,500,000
Goodwill and intangible assets		15,700,000
Deposits assumed		437,200,000
Goodwill		4,000,000
Acquisition goodwill expected to be tax deductible		$ 4,000,000
Trustatlantic Financial Corporation
Business Acquisition [Line Items]
Number Of Bank Branches						5

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Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2013	Dec. 31, 2012
Valuation Allowance [Line Items]
Valuation allowance	$ 44,584,000		$ 57,752,000
Unrecognized tax benefits	5,207,000		6,621,000	$ 17,638,000
Reasonably possible decrease in unrecognized tax benefits		$ (2,100,000)
Payment of interest accrued	900,000		2,000,000
Gross deferred tax assets	391,206,000		435,645,000
Gross deferred tax liabilities	86,044,000		130,007,000
Deferred Tax Assets Net	$ 346,622,000		$ 377,893,000
Capital Gains Carryforward Period	5 years
Capital Loss Carryforward [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 44,400,000

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Fair Value Of Assets And Liabilities (Nonrecurring Fair Value Measurements) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		$ 27,910,000	$ 230,456,000
Loans, net of unearned income		16,230,166,000	15,389,074,000	$ 16,708,582,000
Real estate acquired by foreclosure		39,922,000	71,562,000
Other assets		159,753,000	205,746,000
Net gains/(losses), Loans, net of unearned income	[1]	(714,000)	(3,109,000)	(55,948,000)
Net gains/(losses), Real estate acquired by foreclosure	[2]	(3,465,000)	(4,987,000)	(9,422,000)
Net gains/(losses), Other assets	[3]	(2,087,000)	(2,021,000)	(4,478,000)
Gain (loss) on financial assets measured on non-recurring basis		(6,690,000)	(10,100,000)	(70,269,000)
Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[1]	40,531,000	62,839,000	117,064,000
Real estate acquired by foreclosure	[2]	30,430,000	45,753,000	41,767,000
Other assets	[3]	28,660,000	30,810,000	32,370,000
Fair Value Inputs Level2 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0	0
Other assets		131,743,000	178,846,000
Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[1]	0	0	0
Real estate acquired by foreclosure	[2]	0	0	0
Other assets	[3]	0	0	0
Fair Value Inputs Level3 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		27,910,000	230,456,000
Other assets		0	0
Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[1]	40,531,000	62,839,000	117,064,000
Real estate acquired by foreclosure	[2]	30,430,000	45,753,000	41,767,000
Other assets	[3]	28,660,000	30,810,000	32,370,000
Fair Value Inputs Level1 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0	0
Other assets		28,010,000	26,900,000
Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[1]	0	0	0
Real estate acquired by foreclosure	[2]	0	0	0
Other assets	[3]	0	0	0
First Mortgage [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		846,000	9,457,000	12,054,000
Net gains/(losses), Loans held for sale		(470,000)	139,000	(436,000)
First Mortgage [Member] | Fair Value Inputs Level2 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0	0	0
First Mortgage [Member] | Fair Value Inputs Level3 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		846,000	9,457,000	12,054,000
First Mortgage [Member] | Fair Value Inputs Level1 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0	0	0
Small Business Administrations [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		3,322,000	6,185,000	23,902,000
Net gains/(losses), Loans held for sale		46,000	(122,000)	15,000
Small Business Administrations [Member] | Fair Value Inputs Level2 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		3,322,000	6,185,000	23,902,000
Small Business Administrations [Member] | Fair Value Inputs Level3 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0	0	0
Small Business Administrations [Member] | Fair Value Inputs Level1 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		$ 0	$ 0	$ 0

[1] Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.

[2] Represe nts the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.

[3] Represents tax credit invest ments accounted for under the equity method .

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Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components Of Other Comprehensive Income/(Loss) [Abstract]
Fair value adjustments on securities available-for-sale arising during the period, Tax Benefit/(Expense)	$ (18,135,000)	$ 41,935,000	$ 7,397,000
Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss), Tax (Benefit)/Expense		(174,000)	128,000
Net actuarial gain/(loss) arising during the period, Tax Benefit/(Expense)	44,803,000	(31,392,000)	17,906,000
Prior service credit/(cost) arising during period, Tax Benefit/(Expense)		(4,115,000)
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost, Tax Benefit/(Expense)	$ (1,961,000)	$ (3,887,000)	$ (15,031,000)

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Consolidated Statements of Condition (Parenthetical) - $ / shares	Dec. 31, 2014	Dec. 31, 2013
Common stock, par value	$ 0.625	$ 0.625
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	234,219,663	236,369,554
Preferred stock, no par value	$ 0	$ 0
Preferred Stock Liquidation Preference Value	$ 100,000	$ 100,000
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	1,000	1,000

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Premises, Equipment And Leases

12 Months Ended

Dec. 31, 2014

Property Plant And Equipment [Abstract]

Premises, Equipment And Leases [Text Block]

Note 6 – Premises, Equipment and Leases

Premises and equipment on December 31 are summarized below:
(Dollars in thousands)			2014		2013
Land		$	76,667	$	75,593
Buildings			360,133		354,070
Leasehold improvements			32,404		38,303
Furniture, fixtures, and equipment			201,443		202,102
	Premises and equipment, at cost		670,647		670,068
Less accumulated depreciation and amortization			367,651		364,824
Premises and equipment, net		$	302,996	$	305,244

FHN is obligated under a number of noncancelable operating leases for premises with terms up to 30 years, which may include the payment of taxes, insurance and maintenance costs. Operating leases for equipment are not material.

Minimum future lease payments for noncancelable operating leases, primarily on premises, on December 31, 2014 are shown below:
(Dollars in thousands)
2015	$	15,585
2016		13,835
2017		12,629
2018		10,917
2019		8,790
2020 and after		27,112
Total minimum lease payments	$	88,868

Payments required under capital leases are not material.

Aggregate minimum income under sublease agreements for these periods is not material.

Rent expense incurred under all operating lease obligations for the years ended December 31 is as follows:
(Dollars in thousands)		2014		2013		2012
Rent expense, gross	$	20,123	$	19,445	$	23,109
Sublease income		(213)		(1,974)		(3,365)
Rent expense, net	$	19,910	$	17,471	$	19,744

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Preferred Stock (Details) - USD ($)		1 Months Ended	12 Months Ended
	Jan. 02, 2013	Jan. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2005	Dec. 31, 2000
Preferred Units [Line Items]
Preferred shares issued			1,000	1,000
Liquidation preference per share			$ 100,000	$ 100,000
Noncontrolling interest, subsidiary preferred stock			$ 300,000	$ 300,000
Stock Issued During Period Value New Issues				95,624,000
Proceeds from issuance of preferred stock			0	95,624,000	$ 0
Acquired noncontrolling interest				174,000
Class A Preferred Stock [Member] | First Tennessee Bank National Association [Member]
Preferred Units [Line Items]
Noncontrolling interest, subsidiary preferred stock			$ 294,800,000	294,800,000
Class A Preferred Stock [Member] | First Horizon Preferred Funding III Inc [Member]
Preferred Units [Line Items]
Stock Issued During Period Value New Issues	$ 100,000
Class A Preferred Stock [Member] | First Horizon Preferred Lending IV [Member]
Preferred Units [Line Items]
Acquired noncontrolling interest				$ 200,000
Preferred Class B [Member] | FT Real Estate Securities Company, Inc. [Member]
Preferred Units [Line Items]
Percentage of cumulative preferred stock							9.50%
Liquidation preference per share							$ 1,000,000
Stock Issued During Period Shares New Issues							50
Debt instrument maturity date							Mar. 31, 2031
Preferred Class B [Member] | Noncontrolling Interest [Member]
Preferred Units [Line Items]
Stock Issued During Period Shares New Issues							47
Series A Preferred Stock [Member] | Fhn [Member]
Preferred Units [Line Items]
Preferred shares issued		1,000
Percentage of cumulative preferred stock		6.20%
Proceeds from issuance of preferred stock		$ 96,000,000
Value of depositary share		0.025%
Aggregate liquidation preference		$ 100,000,000
Noncumulative Preferred Stock [Member] | First Tennessee Bank National Association [Member]
Preferred Units [Line Items]
Liquidation preference per share						$ 1,000
Stock Issued During Period Shares New Issues						300,000
Preferred stock dividends, variable rate basis, three month LIBOR						three month LIBOR
Declared And Accrued Preferred Stock Basis Spread on Variable Rate						0.85%
Declared And Accrued Preferred Stock Dividend Fixed Rate						3.75%

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Mortgage Servicing Rights (Summary Of Changes In Capitalized MSR) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Participating Mortgage Loans [Line Items]
Fair value, beginning balance	$ 72,793,000	$ 114,311,000
Reductions due to sales of MSRs	(70,204,000)	(39,633,000)	$ 0
Reductions due to loan payments		(21,572,000)
Reductions due to exercise of cleanup calls		(495,000)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		20,184,000
Other changes in fair value		(2,000)
Fair value, ending balance	2,517,000	72,793,000	114,311,000
First Liens [Member]
Participating Mortgage Loans [Line Items]
Fair value, beginning balance	70,341,000	111,314,000
Reductions due to sales of MSRs		(39,633,000)
Reductions due to loan payments		(20,938,000)
Reductions due to exercise of cleanup calls		(495,000)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		20,184,000
Other changes in fair value		(91,000)
Fair value, ending balance		70,341,000	111,314,000
Second Liens [Member]
Participating Mortgage Loans [Line Items]
Fair value, beginning balance	161,000	196,000
Reductions due to sales of MSRs		0
Reductions due to loan payments		(80,000)
Reductions due to exercise of cleanup calls		0
Changes in fair value due to:
Changes in valuation model inputs or assumptions		0
Other changes in fair value		45,000
Fair value, ending balance		161,000	196,000
Home Equity [Member]
Participating Mortgage Loans [Line Items]
Fair value, beginning balance	$ 2,291,000	2,801,000
Reductions due to sales of MSRs		0
Reductions due to loan payments		(554,000)
Reductions due to exercise of cleanup calls		0
Changes in fair value due to:
Changes in valuation model inputs or assumptions		0
Other changes in fair value		44,000
Fair value, ending balance		$ 2,291,000	$ 2,801,000

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Premises, Equipment And Leases (Rent Expense Incurred Under All Operating Lease Obligations) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property Plant And Equipment [Abstract]
Rent expense, gross	$ 20,123,000	$ 19,445,000	$ 23,109,000
Sublease income	(213,000)	(1,974,000)	(3,365,000)
Rent expense, net	$ 19,910,000	$ 17,471,000	$ 19,744,000

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Pensions, Savings, And Other Employee Benefits (Schedule Of Actuarial Assumptions Used In The Defined Benefit Pension Plan And The Other Employee Benefit Plans)(Details)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Rate of compensation increase	0.00%	[1]	0.00%	[1]	4.10%
Net Periodic Benefit Cost, Rate of compensation increase	0.00%	[1]	0.00%	[1]	4.10%
Qualified Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Discount rate	4.30%		5.15%		4.35%
Net Periodic Benefit Cost, Discount rate	5.15%		4.35%		5.10%
Nonqualified Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Discount rate	4.00%		4.70%		3.85%
Net Periodic Benefit Cost, Discount rate	4.70%		3.85%		4.75%
Other Nonqualified Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Discount rate	3.35%		4.05%		3.20%
Net Periodic Benefit Cost, Discount rate	4.05%		3.20%		4.40%
Postretirement Benefit [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Discount rate	4.45%		5.35%		4.55%
Net Periodic Benefit Cost, Discount rate	5.35%		4.55%		5.25%
Postretirement Benefit [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Discount rate	3.45%		4.10%		3.80%
Net Periodic Benefit Cost, Discount rate	4.10%		3.80%		4.75%
Qualified pension/postretirement benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	5.85%		6.60%		6.05%
Net Periodic Benefit Cost, Expected long-term rate of return	6.60%		6.05%		6.90%
Postretirement Benefit Post 1/1/1993 [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	6.35%		6.95%		6.05%
Net Periodic Benefit Cost, Expected long-term rate of return	6.95%		6.05%		6.90%
Postretirement Benefit Prior To 1/1/1993 [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Expected long-term rate of return	2.30%		2.85%		3.93%
Net Periodic Benefit Cost, Expected long-term rate of return	2.85%		3.93%		4.49%

[1] (a ) Due to the pension plan freeze as of December 31, 2012, the rate of compensation increase no longer applies to the qualified pension plan.

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Stock Option, Restricted Stock Incentive, And Dividend Reinvestment Plans (Summary Of Restricted And Performance Stock And Unit Activity)(Details) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Employee Benefits And Share Based Compensation [Abstract]
Nonvested on January 1, 2014, Shares/Units	4,174,196
Nonvested on January 1, 2014, Weighted average grant date fair value	$ 10.51
Shares/units granted, Shares/Units	874,242
Shares/units granted, Weighted average grant date fair value	$ 11.62	$ 10.63	$ 9.25
Shares/units vested, Shares/Units	(1,402,901)
Shares/units vested, Weighted average grant date fair value	$ 11.02
Shares/units vested, Shares/Units	(290,392)
Shares/units cancelled, Weighted average grant date fair value	$ 11.35
Nonvested on December 31, 2014, Shares/Units	3,355,145	4,174,196
Nonvested on December 31, 2014, Weighted average grant date fair value	$ 10.51	$ 10.51

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Derivative Assets And Collateral Received (Details) - USD ($)		Dec. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Gross amounts of recognized assets		$ 134,088,000	$ 181,866,000
Derivative Assets not subject to master netting agreements		2,400,000	3,000,000
Derivatives, Interest Rate Contracts | Subject to Master Netting Agreements
Derivative [Line Items]
Gross amounts of recognized assets	[1]	131,731,000	178,837,000
Gross amounts offset in the Statement of Condition	[1]	0	0
Net amounts of assets presented in the Statement of Condition	[1],[2]	131,731,000	178,837,000
Derivative liabilities available for offset	[1]	(15,768,000)	(68,216,000)
Collateral Received	[1]	(114,230,000)	(110,621,000)
Net amount	[1]	$ 1,733,000	$ 0

[1] 2014 and 2013 are comprised entirely of interest rate derivative contracts.

[2] In cluded in Derivative Assets on the Consolidated Statements of Condition. As of December 31 , 201 4 and 201 3 , $ 2 . 4 million and $ 3.0 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.

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Contingencies And Other Disclosures (Narrative II) (Details) - USD ($) shares in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Mar. 31, 2008
Loss Contingencies [Line Items]
Unpaid principal balance of servicing portfolio		$ 252,800,000			$ 15,000,000,000
Amount disputed related to various items for transfers of subservicers		$ 8,600,000
Loan-to-value ratio at origination		80.00%
Accrued losses on loan repurchase exposure		$ 120,100,000		$ 165,800,000
Visa Class B Shares [Member]
Loss Contingencies [Line Items]
Number of Visa Class B shares		1.1				2.4
Historical cost		$ 0
Estimated conversion ratio		41.00%
Derivative liability		$ 5,200,000		$ 2,900,000
Additional amount deposited into escrow account by Visa			$ 450,000,000
Contingent liability		$ 800,000
Cash payment to counterparty	$ 2,400,000

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Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2014	Jan. 31, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	FIRST HORIZON NATIONAL CORP
Entity Central Index Key	0000036966
Document Type	8-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		234,225,117
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	Yes
Entity Public Float			$ 2,800,000,000

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Pension, Savings, And Other Employee Benefits (Schedule Of Balances Reflected In Accumulated Other Comprehensive Income On a Pre-tax Basis)(Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Prior service cost/(credit)		$ (10,678,000)
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost/(credit)	$ 581,000	927,000
Net actuarial (gain)/loss	354,264,000	241,941,000
Total	354,845,000	242,868,000
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost/(credit)	(8,577,000)	(9,740,000)
Net actuarial (gain)/loss	(10,664,000)	(8,429,000)
Total	$ (19,241,000)	$ (18,169,000)

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Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2014

Mortgage Servicing Rights [Abstract]

Mortgage Servicing Rights

Note 7 – Mortgage Servicing Rights

FHN recognizes all classes of mortgage servicing rights (“MSR”) at fair value. Classes of MSR are established based on market inputs used to determine the fair value of the servicing asset and FHN’s risk management practices. See Note 25 – Fair Value of Assets & Liabilities, the “Determination of Fair Value” section for a discussion of FHN’s MSR valuation methodology. In third quarter 2013, FHN agreed to sell substantially all remaining legacy mortgage servicing which resulted in de-recognition of substantially all first lien MSR by the end of first quarter 2014. Accordingly the rollforward of MSR is presented for 2013 only. See Note 23 – Derivatives for a discussion of how FHN hedged the fair value of MSR prior to signing the definitive sales agreement. The balance of MSR included on the Consolidated Statements of Condition represented the rights to service approximately $10billion of mortgage loans on December 31, 2013.

Following is a summary of changes in capitalized MSR as of December 31, 2013:
(Dollars in thousands)	First Liens		Second Liens		HELOC		Total
Fair value on January 1, 2013	$	111,314	$	196	$	2,801	$	114,311
Reductions due to sales of MSRs		(39,633)		-		-		(39,633)
Reductions due to loan payments		(20,938)		(80)		(554)		(21,572)
Reductions due to exercise of cleanup calls		(495)		-		-		(495)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		20,184		-		-		20,184
Other changes in fair value		(91)		45		44		(2)
Fair value on December 31, 2013	$	70,341	$	161	$	2,291	$	72,793

The ending balance of MSR as of December 31, 2014 was $2.5 million. During 2014, FHN sold $70.2 million of first lien MSR. In 2013, MSR declined $41.5 million, primarily due to the transfer of servicing associated with the MSR sales, which more than offset a $20.1 million increase in value reflecting higher interest rates and the terms of the servicing sale agreement. The remaining decline in MSR was attributable to natural run-off. For the year ended December 31, 2014, servicing, late, and other ancillary fees recognized within mortgage banking income were $21.1 million and primarily represent previously unrecognized servicing fees in conjunction with servicing sales. Servicing, late, and other ancillary fees recognized within mortgage banking income were $41.9 million and $58.9million for the years ended December 31, 2013 and 2012, respectively. Servicing, late, and other ancillary fees recognized within other income and commissions were $1.7 million and $2.0million for the years ended December 31, 2013 and 2012, respectively. During 2013, FHN received annual servicing fees approximating .31 percent of the outstanding balance of underlying single-family residential mortgage loans and .34 percent inclusive of income related to excess interest.

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Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC) (Details)	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($) number	Dec. 31, 2012 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income | $	$ 16,230,166,000	$ 15,389,074,000	$ 16,708,582,000
Home Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 2,469,338,000	$ 2,806,591,000
Avg orig FICO	741	740
Avg Refreshed FICO	732	730
Loans, net of unearned income | $	$ 2,469,338,000	$ 2,806,591,000
Home Equity | Origination Vintage Period Pre 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 56,335,000	$ 79,550,000
Avg orig FICO	708	711
Avg Refreshed FICO	701	701
Home Equity | Origination Vintage Period 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 102,073,000	$ 141,215,000
Avg orig FICO	721	725
Avg Refreshed FICO	710	711
Home Equity | Origination Vintage Period 2004
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 282,580,000	$ 395,323,000
Avg orig FICO	723	727
Avg Refreshed FICO	709	716
Home Equity | Origination Vintage Period 2005
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 451,757,000	$ 531,839,000
Avg orig FICO	731	732
Avg Refreshed FICO	722	720
Home Equity | Origination Vintage Period 2006
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 337,440,000	$ 383,366,000
Avg orig FICO	740	740
Avg Refreshed FICO	727	726
Home Equity | Origination Vintage Period 2007
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 357,290,000	$ 406,299,000
Avg orig FICO	744	744
Avg Refreshed FICO	729	728
Home Equity | Origination Vintage Period 2008
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 194,710,000	$ 223,110,000
Avg orig FICO	753	753
Avg Refreshed FICO	747	747
Home Equity | Origination Vintage Period 2009
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 101,594,000	$ 115,863,000
Avg orig FICO	751	750
Avg Refreshed FICO	743	744
Home Equity | Origination Vintage Period 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 98,214,000	$ 114,393,000
Avg orig FICO	753	753
Avg Refreshed FICO	749	749
Home Equity | Origination Vintage Period 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 96,982,000	$ 112,595,000
Avg orig FICO	759	758
Avg Refreshed FICO	753	753
Home Equity | Origination Vintage Period 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 119,333,000	$ 138,373,000
Avg orig FICO	760	759
Avg Refreshed FICO	758	760
Home Equity | Origination Vintage Period 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 151,005,000	$ 164,665,000
Avg orig FICO	758	759
Avg Refreshed FICO	760	762
Home Equity | Origination Vintage Period 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 120,025,000	$ 0
Avg orig FICO	762	0
Avg Refreshed FICO	762	0

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Premises, Equipment And Leases (Minimum Future Lease Payments For Noncancelable Operating Leases On Premises And Equipment ) (Details) $ in Thousands	Dec. 31, 2014 USD ($)
Property Plant And Equipment [Abstract]
2015	$ 15,585
2016	13,835
2017	12,629
2018	10,917
2019	8,790
2020 and after	27,112
Total minimum lease payments	$ 88,868

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Consolidated Statements Of Income - USD ($) shares in Thousands		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Interest income:
Interest and fees on loans		$ 571,798,000	$ 599,710,000	$ 648,555,000
Interest on investment securities available-for-sale		93,233,000	83,787,000	98,450,000
Interest on investment securities held-to-maturity		287,000	0	0
Interest on loans held-for-sale		11,170,000	12,982,000	14,906,000
Interest on trading securities		31,991,000	34,548,000	35,363,000
Interest on other earning assets		770,000	1,026,000	1,679,000
Total interest income		709,249,000	732,053,000	798,953,000
Interest on deposits:
Savings		11,562,000	14,762,000	19,744,000
Time deposits		9,076,000	15,879,000	21,265,000
Other interest-bearing deposits		3,078,000	3,747,000	5,896,000
Certificates of deposit $100,000 and more		3,090,000	5,642,000	8,311,000
Interest on trading liabilities		15,390,000	13,624,000	10,450,000
Interest on short-term borrowings		4,765,000	4,704,000	5,286,000
Interest on term borrowings		34,570,000	36,321,000	39,334,000
Total interest expense		81,531,000	94,679,000	110,286,000
Net interest income		627,718,000	637,374,000	688,667,000
Provision for loan losses		27,000,000	55,000,000	78,000,000	[1]
Net interest income after provision for loan losses		600,718,000	582,374,000	610,667,000
Noninterest income:
Capital markets		200,595,000	272,364,000	334,912,000
Deposit transactions and cash management		111,951,000	114,383,000	120,168,000
Mortgage banking		71,257,000	33,275,000	51,890,000
Brokerage, management fees and commissions		49,099,000	42,261,000	34,934,000
Trust services and investment management		27,777,000	26,523,000	24,319,000
Bankcard income		23,697,000	20,482,000	22,384,000
Bank-owned life insurance		16,394,000	16,614,000	18,805,000
Other service charges		11,882,000	13,440,000	12,935,000
Equity securities gains/(losses), net		2,872,000	2,211,000	365,000
Insurance commissions		2,257,000	3,023,000	3,148,000
Debt securities gains/(losses), net (Note 15)		0	(451,000)	328,000
Gain on divestiture		0	111,000	200,000
All other income and commissions (Note 14)		32,263,000	40,341,000	46,941,000
Total noninterest income		550,044,000	584,577,000	671,329,000
Adjusted gross income after provision for loan losses		1,150,762,000	1,166,951,000	1,281,996,000
Noninterest expense:
Employee compensation, incentives, and benefits (2014 and 2013 include $5.1 million and $10.1 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income)		478,159,000	529,041,000	640,857,000
Occupancy		54,018,000	50,565,000	49,027,000
Legal and professional fees		44,205,000	53,359,000	38,750,000
Computer software		42,931,000	40,327,000	40,018,000
Operations services		35,247,000	35,215,000	35,429,000
Equipment rentals, depreciation, and maintenance		29,964,000	31,738,000	31,246,000
Contract employment and outsourcing		19,420,000	35,920,000	41,198,000
Advertising and public relations		18,683,000	18,239,000	17,439,000
Communications and courier		16,074,000	17,958,000	18,318,000
FDIC premium expense		11,464,000	20,156,000	27,968,000
Amortization of intangible assets	[2]	4,170,000	3,912,000	3,910,000
Foreclosed real estate		2,503,000	4,299,000	11,041,000
Repurchase and foreclosure provision		(4,300,000)	170,000,000	299,256,000
All other expense (Note 14)		79,993,000	137,790,000	115,067,000
Total noninterest expense		832,531,000	1,148,519,000	1,369,524,000
Income/(loss) before income taxes		318,231,000	18,432,000	(87,528,000)
Provision/(benefit) for income taxes (2014 and 2013 include $2.0 million and $4.1 million, respectively, of tax benefit reclassified from accumulated other comprehensive income) (Note 16)		84,185,000	(19,389,000)	(72,028,000)
Income/(loss) from continuing operations		234,046,000	37,821,000	(15,500,000)
Income/(loss) from discontinued operations, net of tax	[3]	0	548,000	148,000
Net income/(loss)		234,046,000	38,369,000	(15,352,000)
Net income attributable to noncontrolling interest		11,527,000	11,465,000	11,464,000
Net income/(loss) attributable to controlling interest		222,519,000	26,904,000	(26,816,000)
Preferred stock dividends		6,200,000	5,838,000	0
Net income/(loss) available to common shareholders		$ 216,319,000	$ 21,066,000	$ (26,816,000)
Basic earnings/(loss) per share from continuing operations (Note 17)		$ 0.92	$ 0.09	$ (0.11)
Diluted earnings/(loss) per share from continuing operations (Note 17)		0.91	0.09	(0.11)
Basic earnings/(loss) per share available to common shareholders (Note 17)		0.92	0.09	(0.11)
Diluted earnings/(loss) per share available to common shareholders (Note 17)		$ 0.91	$ 0.09	$ (0.11)
Weighted average common shares (Note 17)		234,997	237,972	248,349
Diluted average common shares (Note 17)		236,735	239,794	248,349

[1] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

[2] Represents customer lists, acquired contracts, core deposit intangibles , and covenants not to compet e.

[3] Due to the nature of the preferred stock issued by FHN and its subsidiar ies , all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.

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Financial Information

12 Months Ended

Dec. 31, 2014

Financial Information [Abstract]

Financial Information

Note 1 – Summary of Significant Accounting Policies

Basis of Accounting. The consolidated financial statements of First Horizon National Corporation (“FHN”), including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results.

Principles of Consolidation and Basis of Presentation. The consolidated financial statements include the accounts of FHN and other entities in which it has a controlling financial interest. Variable Interest Entities (“VIEs”) for which FHN or a subsidiary has been determined to be the primary beneficiary are also consolidated. Affiliates for which FHN is not considered the primary beneficiary and in which FHN does not have a controlling financial interest are accounted for by the equity method. These investments are included in other assets, and FHN’s proportionate share of income or loss is included in noninterest income. All significant intercompany transactions and balances have been eliminated. For purposes of comparability, certain prior period amounts have been reclassified to conform to current year presentation.

Business Combinations. FHN accounts for acquisitions as a business combination in accordance with ASC 805, "Business Combinations," which requires acquired assets and liabilities (other than tax balances) to be recorded at fair value. Business combinations are included in the financial statements from the respective dates of acquisition. Acquisition related costs are expensed as incurred.

Revenue Recognition. FHN derives a significant portion of its revenues from fee-based services. Noninterest income from transaction-based fees is generally recognized when the transactions are completed. Noninterest income from service-based fees is generally recognized over the period in which FHN provides the service.

Deposit Transactions and Cash Management. Deposit transactions include services related to retail and commercial deposit products (such as service charges on checking accounts), cash management products and services such as electronic transaction processing (Automated Clearing House and Electronic Data Interchange), account reconciliation services, cash vault services, lockbox processing, and information reporting to large corporate clients.

Insurance Commissions. Insurance commissions are derived from the sale of insurance products, including acting as an independent agent to provide life, long-term care, and disability insurance.

Trust Services and Investment Management. Trust services and investment management fees include investment management, personal trust, employee benefits, and custodial trust services.

Brokerage, Management Fees and Commissions. Brokerage, management fees and commissions include fees for portfolio management, trade commissions, and annuity and mutual fund sales.

Statements of Cash Flows. For purposes of these statements, cash and due from banks, federal funds sold, and securities purchased under agreements to resell are considered cash and cash equivalents. Federal funds are usually sold for one-day periods, and securities purchased under agreements to resell are short-term, highly liquid investments.

Trading Activities. Securities purchased in connection with underwriting or dealer activities (long positions) are carried at fair market value as trading securities. Gains and losses, both realized and unrealized, on these securities are reflected in capital markets noninterest income. Trading liabilities include securities that FHN has sold to other parties but does not own (short positions). FHN is obligated to purchase securities at a future date to cover the short positions. Assets and liabilities for unsettled trades are recorded on the Consolidated Statements of Condition as “Capital markets receivables” or “Capital markets payables.” Retained interests from securitizations in the form of excess interest, interest-only and principal-only strips from sales and securitizations of first lien mortgages are recognized at fair value as trading securities with gains and losses, both realized and unrealized, recognized in mortgage banking income. Excess interest represents rights to receive interest from serviced assets that exceed contractually specified rates. Principal-only strips are principal cash flow tranches, and interest-only strips are interest cash flow tranches. Cash receipts and payments are classified in investing activities on the Consolidated Statements of Cash Flows based on the purpose for which such financial assets were retained.

Investment Securities. Investment securities are reviewed quarterly for possible other-than-temporary impairment (“OTTI”). The review includes an analysis of the facts and circumstances of each individual investment such as the degree of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and FHN’s intent and ability to hold the security. Securities that may be sold prior to maturity and equity securities are classified as securities available-for-sale and are carried at fair value. The unrealized gains and losses on securities available-for-sale, including debt securities for which no credit impairment exists, are excluded from earnings and are reported, net of tax, as a component of other comprehensive income within shareholders’ equity. Venture capital investments were classified as securities available-for-sale and were carried at fair value with unrealized gains and losses recognized in noninterest income.

Realized gains and losses for investment securities are determined by the specific identification method and reported in noninterest income. Declines in value judged to be other-than-temporary based on FHN’s analysis of the facts and circumstances related to an individual investment, including securities that FHN has the intent to sell, are also determined by the specific identification method, and reported in noninterest income. For impaired debt securities that FHN does not intend to sell and will not be required to sell prior to recovery but for which credit losses exist, the OTTI recognized is separated between the total impairment related to credit losses which is reported in noninterest income, and the impairment related to all other factors which is excluded from earnings and reported, net of tax, as a component of other comprehensive income within shareholders’ equity.

National banks chartered by the federal government are, by law, members of the Federal Reserve System. Each member bank is required to own stock in its regional Federal Reserve Bank ("FRB"). Given this requirement, FRB stock may not be sold, traded, or pledged as collateral for loans. Membership in the Federal Home Loan Bank (“FHLB”) network requires ownership of capital stock. Member banks are entitled to borrow funds from the FHLB and are required to pledge mortgage loans as collateral. Investments in the FHLB are non-transferable and, generally, membership is maintained primarily to provide a source of liquidity as needed.

Securities Purchased under Resale Agreements and Securities Sold under Repurchase Agreements. FHN enters into short-term purchases of securities under agreements to resell which are accounted for as collateralized financings except where FHN does not have an agreement to sell the same or substantially the same securities before maturity at a fixed or determinable price. All of FHN’s securities purchased under agreements to resell are recognized as collateralized financings. Securities delivered under these transactions are delivered to either the dealer custody account at the FRB or to the applicable counterparty. Securities sold under agreements to repurchase are offered to cash management customers as an automated, collateralized investment account. Securities sold are also used by the retail/commercial bank to obtain favorable borrowing rates on its purchased funds. All of FHN's securities sold under agreements to repurchase are secured borrowings.

Collateral is valued daily and FHN may require counterparties to deposit additional securities or cash as collateral, or FHN may return cash or securities previously pledged by counterparties, or FHN may be required to post additional securities or cash as collateral, based on the contractual requirements for these transactions.

FHN’s capital markets business utilizes securities borrowing arrangements as part of its trading operations. Securities borrowing transactions generally require FHN to deposit cash with the securities lender. The amount of cash advanced is recorded within Securities purchased under agreements to resell in the Consolidated Statements of Condition. These transactions are not considered purchases and the securities borrowed are not recognized by FHN. FHN does not conduct securities lending transactions.

Loans Held-for-Sale and Securitization and Residual Interests. Prior to fourth quarter 2008, FHN originated first lien mortgage loans (“the warehouse”) for the purpose of selling them in the secondary market through sales to government sponsored enterprises ("GSEs"), through proprietary securitizations, and to a lesser extent through other whole loan sales. In addition, FHN sold certain of the second lien mortgages and home equity lines of credit (“HELOC”) it produced in the secondary market through securitizations and whole loan sales through third quarter 2007.

Loans originated or purchased in which management lacks the intent to hold are included in loans held-for-sale in the Consolidated Statements of Condition. FHN has elected the fair value option on a prospective basis for almost all types of mortgage loans heldfor sale. Such loans are carried at fair value, with changes in the fair value of closed-end mortgage loans recognized in the mortgage banking noninterest income section of the Consolidated Statements of Income. Changes in the fair value of HELOCs are recognized in mortgage banking income on the Consolidated Statements of Income. For mortgage loans originated for sale for which the fair value option is elected, loan origination fees are recorded by FHN when earned and related direct loan origination costs are recognized when incurred. See Note 25 – Fair Value of Assets and Liabilities for additional information. FHN accounts for all mortgage loans held-for-sale which were originated prior to 2008 and for mortgage loans held-for-sale for which fair value accounting was not elected at the lower of cost or market value (“LOCOM”).

Mortgage loans insured by the Federal Housing Administration (“FHA”) and mortgage loans guaranteed by the Veterans Administration (“VA”) were generally securitized through the Government National Mortgage Association (“GNMA”, "Ginnie Mae", or "Ginnie") programs. Generally, conforming conventional loans were securitized through GSEs such as the Federal National Mortgage Association (“FNMA”, "Fannie Mae", or "Fannie") and the Federal Home Loan Mortgage Corporation (“FHLMC”, "Freddie Mac" or "Freddie"). In addition, FHN completed proprietary securitizations of nonconforming first lien and second lien mortgages and HELOC, which do not conform to the requirements for sale or securitization through government agencies. Most of these securitizations are accounted for as sales; the one that does not qualify for sale treatment is accounted for as a consolidated VIE.

Loans. Loans are stated at principal amounts outstanding, net of unearned income. Interest on loans is recognized on an accrual basis at the applicable interest rate on the principal amount outstanding. Loan origination fees and direct costs as well as premiums and discounts are amortized as level yield adjustments over the respective loan terms. Unamortized net fees or costs are recognized upon early repayment of the loans or charge-off. Loan commitment fees are generally deferred and amortized on a straight-line basis over the commitment period. As required by ASC 310, "Receivables", FHN segregates the loan portfolio into segments and then further disaggregates the portfolio into classes for certain disclosures. Commercial loan portfolio segments include commercial, financial, and industrial (“C&I”) and commercial real estate (“CRE”). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans (“TRUPs”) (i.e., loans to bank and insurance-related businesses) portfolio and purchased credit impaired ("PCI") loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies exclusively for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. Commercial classes within commercial real estate include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other segment. Retail classes include HELOC, real estate (“R/E”) installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Nonaccrual and Past Due Loans. Generally, loans are placed on nonaccrual status if it becomes evident that full collection of principal and interest is at risk, impairment has been recognized as a partial charge-off of principal balance, or on a case-by-case basis if FHN continues to receive payments, but there are atypical loan structures or other borrower-specific issues.

• The accrual status policy for commercial troubled debt restructurings (“TDRs”) follows the same internal policies and procedures as other commercial portfolio loans.
• Residential real estate secured loans discharged in bankruptcy that have not been reaffirmed by the borrower (“discharged bankruptcies”) are placed on nonaccrual regardless of delinquency status and reported as TDRs.
• Current second lien residential real estate loans that are junior to first liens that are 90 or more days past due, are a bankruptcy, or a troubled debt restructuring are placed on nonaccrual status.
• Consumer real estate (HELOC and residential real estate installment loans), if not already on nonaccrual per above situations, are placed on nonaccrual if the loan is 30 or more days delinquent at the time of modification and is also determined to be a TDR.
• Government guaranteed/insured residential mortgage loans remain on accrual (even if the loan falls into one of the above categories) because the collection of principal and interest is reasonably assured.

For commercial and retail loans within each portfolio segment and class that have been placed on nonaccrual status, accrued but uncollected interest is reversed and charged against interest income when the loan is placed on nonaccrual status. Management may elect to continue the accrual of interest when the estimated net realizable value of collateral is sufficient to recover the principal balance and accrued interest. Interest payments received on nonaccrual loans are normally applied to outstanding principal first. Once all principal has been received, additional interest payments are recognized on a cash basis as interest income.

Generally, commercial and retail loans within each portfolio segment and class that have been placed on nonaccrual status can be returned to accrual status if all principal and interest is current and FHN expects full repayment of the remaining contractual principal and interest, or the asset becomes well-secured and is in the process of collection.This typically requires that a borrower make payments in accordance with the contractual terms for a sustained period of time (generally for a minimum of six months) before being returned to accrual status.

Residential real estate loans discharged through Chapter 7 bankruptcy and not reaffirmed by the borrower are not returned to accrual status. For current second liens that have been placed on nonaccrual because the first lien is 90 or more days past due or is a TDR, the second lien may be returned to accrual upon pay-off or cure of the first lien.

Charge-offs. For all commercial and retail loan portfolio segments, all losses of principal are charged to the allowance for loan losses ("ALLL") in the period in which the loan is deemed to be uncollectible.

For consumer loans, the timing of a full or partial charge-off generally depends on the loan type and delinquency status. Generally, for the consumer real estate and permanent mortgage portfolio segments, a loan will be either partially or fully charged-off when it becomes 180 days past due.At this time, if the collateral value does not support foreclosure, balances are fully charged-off and other avenues of recovery are pursued. If the collateral value supports foreclosure, the loan is charged-down to net realizable value of the collateral less estimated costs to sell and is placed on nonaccrual status. For residential real estate loans discharged in Chapter 7 bankruptcy and not reaffirmed by the borrower, the fair value of the collateral position is assessed at the time FHN is made aware of the discharge and the loan is charged down to the net realizable value (collateral value less estimated costs to sell). Within the credit card and other portfolio segment, credit cards are normally charged-off upon reaching 180 days past due while other non-real estate consumer loans are charged-off upon reaching 120 days past due.

Impaired Loans. Impaired loans include nonaccrual commercial loans greater than $1 million and modified consumer and commercial loans that have been classified as a TDR and are individually measured for impairment under the guidance of ASC 310. See Note 4 – Loans for a discussion of methodologies utilized by FHN to measure impairment.

Purchased Credit Impaired Loans.ASC 310-30 “Accounting for Certain Loans or Debt Securities Acquired in a Transfer”, provides guidance for acquired loans that have experienced deterioration of credit quality between origination and the time of acquisition and for which the timely collection of the interest and principal is no longer reasonably assured (“PCI loans”). PCI loans are initially recorded at fair value which is estimated by discounting expected cash flows at acquisition date. The expected cash flows include all contractually expected amounts (including interest) and incorporate an estimate for future expected credit losses, pre-payment assumptions, and yield requirement for a market participant, among other things. To the extent possible, certain PCI loans were aggregated into pools with composite interest rate and cash flows expected to be collected for the pool. Aggregation into loan pools is based upon common risk characteristics that include similar credit risk or risk ratings, and one or more predominant risk characteristics. Each PCI pool is accounted for as a single unit.

Accretable yield is initially established at acquisition and is the excess of cash flows expected at acquisition over the initial investment in the loan and is recognized in interest income over the remaining life of the loan, or pool of loans. Nonaccretable difference is initially established at acquisition and is the difference between the contractually required payments at acquisition and the cash flows expected to be collected at acquisition. FHN estimates expected cash flows for PCI loans on a quarterly basis. Increases in expected cash flows from the last measurement result in reversal of any nonaccretable difference (or allowance for loan losses to the extent any has previously been recorded) with a prospective positive impact on interest income. Decreases to the expected cash flows result in an increase in the allowance for loan losses through provision expense.

FHN does not report PCI loans as nonperforming loans due to the accretion of interest income. Additionally, PCI loans that have been pooled and subsequently modified will not be reported as troubled debt restructurings since the pool is the unit of measurement.

Allowance for Loan Losses. The ALLL is maintained at a level that management determines is sufficient to absorb estimated probable incurred losses in the loan portfolio. The ALLL is increased by the provision for loan losses and loan recoveries and is decreased by charged-off loans. The ALLL is determined in accordance with ASC 450-20-50 "Contingencies - Accruals for Loss Contingencies" and is composed of reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail and commercial loans. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics. Additionally, the ALLL includes specific reserves established in accordance with ASC 310-10-35 for loans determined by management to be individually impaired as well as reserves associated with PCI loans. Management uses analytical models based on loss experience subject to qualitative adjustment to reflect current events, trends, and conditions (including economic considerations and trends) to assess the adequacy of the ALLL as of the end of each reporting period. The nature of the process by which FHN determines the appropriate ALLL requires the exercise of considerable judgment. See Note 5 – Allowance for Loan Losses for a discussion of FHN’s ALLL methodology and a description of the models utilized in the estimation process for the commercial and consumer loan portfolios.

Key components of the estimation process are as follows: (1) commercial loans determined by management to be individually impaired loans are evaluated individually and specific reserves are determined based on the difference between the outstanding loan amount and the estimated net realizable value of the collateral (if collateral dependent), the present value of expected future cash flows or by observable market prices; (2) individual commercial loans not considered to be individually impaired are segmented based on similar credit risk characteristics and evaluated on a pool basis; (3) reserve rates for the commercial segment are calculated based on historical net charge-offs and are subject to adjustment by management to reflect current events, trends, and conditions (including economic considerations and trends); (4) management’s estimate of probable incurred losses reflects the reserve rate applied against the balance of loans in the commercial segment of the loan portfolio; (5) retail loans are generally segmented based on loan type; (6) reserve amounts for each retail portfolio segment are calculated using analytical models based on delinquency trends and net loss experience and are subject to adjustment by management to reflect current events, trends, and conditions (including economic considerations and trends); and (7) the reserve amount for each retail portfolio segment reflects management’s estimate of probable incurred losses in the retail segment of the loan portfolio.

Impairment related to individually impaired loans is measured in accordance with ASC 310-10. For all commercial portfolio segments, commercial TDRs and other individually impaired commercial loans are measured based on the present value of expected future payments discounted at the loan’s effective interest rate (“the DCF method”), observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell (net realizable value). Impaired loans also include consumer TDRs. With the exception of discharged bankruptcies which are collateral dependent and charged down to net realizable value, impairment of consumer TDRs is measured using a DCF model. For loans measured using the DCF method or by observable market prices, if the recorded investment in the impaired loan exceeds this amount, a specific allowance is established as a component of the ALLL; however, for impaired collateral-dependent loans FHN generally charges off the full difference between the book value and the estimated net realizable value.

Future adjustments to the ALLL and methodology may be necessary if economic or other conditions differ substantially from the assumptions used in making the estimates or, if required by regulators, based upon information at the time of their examinations or upon future regulatory guidance. Such adjustments to original estimates, as necessary, are made in the period in which these factors and other relevant considerations indicate that loss levels vary from previous estimates.

Premises and Equipment. Premises and equipment are carried at cost less accumulated depreciation and amortization and include additions that materially extend the useful lives of existing premises and equipment. All other maintenance and repair expenditures are expensed as incurred. Gains and losses on dispositions are reflected in noninterest income and expense, respectively.

Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets and are recorded as noninterest expense. Leasehold improvements are amortized over the lesser of the lease periods or the estimated useful lives using the straight-line method. Useful lives utilized in determining depreciation for furniture, fixtures and equipment and buildings are three to fifteen and seven to forty-five years, respectively.

Real Estate Acquired by Foreclosure. Real estate acquired by foreclosure consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Losses arising at foreclosure are charged to the appropriate valuation allowance.Properties acquired by foreclosure in compliance with HUD servicing guidelines are included in “Real estate acquired by foreclosure” and are carried at the estimated amount of the underlying government insurance or guarantee. On December 31, 2014, FHN had $9.5million of these foreclosed properties.

Required developmental costs associated with foreclosed property under construction are capitalized and included in determining the estimated net realizable value of the property, which is reviewed periodically, and any write-downs are charged against current earnings.

Intangible Assets. Intangible assets consist of “Other intangible assets” and “Goodwill.” Other intangible assets represents intangible assets, including customer lists, acquired contracts, covenants not to compete and premium on purchased deposits, which are amortized over their estimated useful lives, except for those assets related to deposit bases that are primarily amortized over 10 years. Management evaluates whether events or circumstances have occurred that indicate the remaining useful life or carrying value of amortizing intangibles should be revised. Goodwill represents the excess of cost over net assets of acquired subsidiaries less identifiable intangible assets. On an annual basis, FHN assesses goodwill for impairment.

Derivative Financial Instruments. FHN accounts for derivative financial instruments in accordance with ASC 815 which requires recognition of all derivative instruments on the balance sheet as either an asset or liability measured at fair value through adjustments to either accumulated other comprehensive income within shareholders’ equity or current earnings. Fair value is defined as the price that would be received to sell a derivative asset or paid to transfer a derivative liability in an orderly transaction between market participants on the transaction date. Fair value is determined using available market information and appropriate valuation methodologies. FHN has elected to present its derivative assets and liabilities gross on the Consolidated Statements of Condition. Amounts of collateral posted or received have not been netted with the related derivatives. See Note 23 – Derivatives for discussion on netting of derivatives.

FHN prepares written hedge documentation, identifying the risk management objective and designating the derivative instrument as a fair value hedge or cash flow hedge as applicable, or as a free-standing derivative instrument entered into as an economic hedge or to meet customers’ needs. All transactions designated as ASC 815 hedges must be assessed at inception and on an ongoing basis as to the effectiveness of the derivative instrument in offsetting changes in fair value or cash flows of the hedged item. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recognized currently in earnings. For a cash flow hedge, changes in the fair value of the derivative instrument, to the extent that it is effective, are recorded in accumulated other comprehensive income and subsequently reclassified to earnings as the hedged transaction impacts net income. Any ineffective portion of a cash flow hedge is recognized currently in earnings. For free-standing derivative instruments, changes in fair values are recognized currently in earnings. See Note 23 – Derivatives for additional information.

Cash flows from derivative contracts are reported as operating activities on the Consolidated Statements of Cash Flows.

Advertising and Public Relations. Advertising and public relations costs are generally expensed as incurred.

Income Taxes. FHN accounts for income taxes using the asset and liability method pursuant to ASC 740, “Income Taxes,” which requires the recognition of deferred tax assets ("DTAs") and liabilities ("DTLs") for the expected future tax consequences of events that have been included in the financial statements. Under this method, FHN’s deferred tax assets and liabilities are determined based on differences between financial statement carrying amounts and the corresponding tax basis of certain assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on DTAs and DTLs is recognized in income in the period that includes the enactment date.

Additionally, DTAs are subject to a “more likely than not” test to determine whether the full amount of the DTAs should be realized in the financial statements. FHN evaluates the likelihood of realization of the DTA based on both positive and negative evidence available at the time, including (as appropriate) scheduled reversals of DTLs, projected future taxable income, tax planning strategies, and recent financial performance. If the “more likely than not” test is not met, a valuation allowance must be established against the DTA. In the event FHN determines that DTAs are realizable in the future in excess of their net recorded amount, FHN would make an adjustment to the valuation allowance, which would reduce the provision for income taxes.

FHN's ASC 740 policy is to recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense. Accrued interest and penalties are included within the related tax asset/liability line in the consolidated balance sheet.

FHN and its eligible subsidiaries are included in a consolidated federal income tax return. FHN files separate returns for subsidiaries that are not eligible to be included in a consolidated federal income tax return. Based on the laws of the applicable state where it conducts business operations, FHN either files consolidated, combined, or separate returns. With few exceptions, FHN is no longer subject to U.S. federal or state and local tax examinations by tax authorities for years before 2009. The Internal Revenue Service (“IRS”) recently completed a limited issue focused examination ("LIFE") for the years ending December 31, 2011 and 2010. All proposed adjustments with respect to examinations of federal returns filed for 2011 and prior years have been settled. FHN is currently under audit in several states.

Earnings per Share. Earnings per share is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding for each period. Diluted earnings per share in net income periods is computed by dividing net income available to common shareholders by the weighted average number of common shares adjusted to include the number of additional common shares that would have been outstanding if the potential dilutive common shares resulting from restricted shares or units and options granted under FHN’s equity compensation plans and deferred compensation arrangements had been issued. FHN utilizes the treasury stock method in this calculation. Diluted earnings per share does not reflect an adjustment for potentially dilutive shares in periods in which a net loss available to common shareholders exists.

Equity Compensation. FHN accounts for its employee stock-based compensation plans using the grant date fair value of an award to determine the expense to be recognized over the life of the award. For awards with service vesting criteria, expense is recognized using the straight-line method over the requisite service period (generally the vesting period) and is adjusted for anticipated forfeitures. For awards vesting based on a performance measure, anticipated performance is projected to determine the number of awards expected to vest, and the corresponding aggregate expense is adjusted to reflect the elapsed portion of the performance period. The fair value of equity awards with cash payout requirements, as well as awards for which fair value cannot be estimated at grant date, is remeasured each reporting period through vesting date. Performance awards with pre-grant date achievement criteria are expensed over the period from the start of the performance period through the end of the service vesting term. Awards are amortized using the nonsubstantive vesting methodology which requires that expense associated with awards having only service vesting criteria that continue vesting after retirement be recognized over a period ending no later than an employee’s retirement eligibility date.

Repurchase and Foreclosure Provision. The repurchase and foreclosure provision is the charge to earnings necessary to maintain the liability at a level that reflects management’s best estimate of losses associated with the repurchase of loans previously transferred in whole loans sales or securitizations, or make whole requests as of the balance sheet date. See Note 18 – Contingencies and Other Disclosures for discussion related to FHN’s obligations to repurchase such loans.

Legal Costs. Generally, legal costs are expensed as incurred.

Contingency Accruals. Contingent liabilities arise in the ordinary course of business, including those related to lawsuits, arbitration, mediation, and other forms of litigation. FHN establishes loss contingency liabilities for matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. A liability generally is not established when a loss contingency either is not probable or its amount is not reasonably estimable. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance generally requires a liability to be established at the low end of the range. Expected recoveries from insurance and indemnification arrangements are recognized if they are considered equally as probable and reasonably estimable as the related loss contingency up to the recognized amount of the estimated loss. Gain contingencies and expected recoveries from insurance and indemnification arrangements in excess of the associated recorded estimated losses are recognized when received. Recognized recoveries are recorded as offsets to the related expense in the Consolidated Statements of Income. The favorable resolution of a gain contingency generally results in the recognition of other income in the Consolidated Statements of Income.

Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense/(benefit). A reporting entity should evaluate whether the conditions have been met to apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014.

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.
					As of December 31,
(Dollars in thousands, except per share amounts)					2014		2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
	Other assets			$	(4,700)	$	(5,340)
	Other liabilities				4,678		7,034
	Undivided profits				(9,378)		(12,374)
			For the Year Ended December 31,
			2014		2013		2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
	Other expense	$	(8,680)	$	(10,082)	$	(14,177)
	Provision/(benefit) for income taxes		5,684		12,780		13,234
	Income/(loss) available to common shareholders		2,996		(2,698)		943
	Diluted earnings/(loss) per share		0.01		(0.01)		-

Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provision/(benefit) for income taxes on the Consolidated Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable.

Effective January 2014, FHN adopted provisions of FASB ASU 2013-11“Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Generally, ASU 2013-11 requires that an unrecognized tax benefit should reduce a deferred tax asset (“DTA”) that has been established for a net operating loss (“NOL”), a tax credit carryforward, or other similar tax losses. However, if a filer does not have such carryforwards or similar tax losses at the reporting date, the uncertain tax position should be recorded as a liability. If a filer does have a DTA, but is not required by tax law of the applicable jurisdiction to use the DTA to settle additional taxes from the disallowance of a tax position and that is the filer's intent, the uncertain tax position should be recognized as a liability in that situation as well and not netted with the DTA. The assessment of whether a DTA is available is based on the unrecognized tax benefit and DTA that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The adoption of provisions of ASU 2013-11, did not have a material effect on FHN’s statement of condition, results of operations, or cash flows.

Effective January 1, 2013, FHN adopted the provisions of FASB Accounting Standards Update ("ASU") 2011-11, “Balance Sheet: Disclosures about Offsetting Assets and Liabilities.” ASU 2011-11 creates new disclosure requirements about the nature of an entity’s rights of setoff and related arrangements associated with its financial instruments and derivative instruments. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the balance sheet as well as instruments and transactions subject to an agreement similar to a master netting arrangement. The scope of ASU 2011-11 includes derivatives, sale and repurchase agreements/reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The provisions of ASU 2011-11 are effective for periods beginning on or after January 1, 2013, with retrospective application to all periods presented in the financial statements required. Additionally in January 2013, FASB issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", that narrowed the scope of ASU 2011-11. Based on this amendment, ASU 2011-11 applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Upon adoption of ASU 2011-11, FHN revised its disclosures accordingly. The adoption of the provisions of ASU 2011-11 had no effect on FHN's statement of condition, results of operations, or cash flows.

Effective January 1, 2013, FHN adopted the provisions of FASB ASU 2013-02, "Comprehensive Income: Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income." ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements but modifies interim disclosure requirements such that changes in accumulated other comprehensive income must be disclosed in interim filings. The provisions of ASU 2013-02 are effective for periods beginning after December 15, 2012, with prospective application to transactions or modifications of existing transactions that occur on or after the effective date. Upon adoption of the provisions of ASU 2013-02 on January 1, 2013, FHN revised its financial statements and disclosures accordingly.

In July 2013, the FASB issuedASU 2013-10, "Derivatives and Hedging: Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes." ASU 2013-10 provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The provisions of ASU 2013-10 permit the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, in addition to U.S. Treasury rates and the London Interbank Offered Rate ("LIBOR"). The amendments also remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013. FHN may apply the provisions of ASU 2013-10 to future hedging relationships.

Effective January 1, 2012, FHN adopted the provisions of FASB ASU 2011-05, “Presentation of Comprehensive Income”. ASU 2011-05 requires that net income and other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 also provides that regardless of the method used to present comprehensive income, presentation is required on the face of the financial statements of reclassification adjustments for items that are reclassified from other comprehensive income to net income. ASU 2011-05 does not change the current option for entities to present components of other comprehensive income gross or net of the effect of income taxes, provided that such tax effects are presented in the statement in which other comprehensive income is presented or disclosed in the notes to the financial statements. The provisions of ASU 2011-05 are effective for periods beginning after December 15, 2011, with retrospective application to all periods presented in the financial statements required. No transition disclosures are required upon adoption. For interim reporting periods, filers are only required to present total comprehensive income in a single continuous statement or in two consecutive statements. On December 23, 2011, the FASB issued ASU 2011-12, which indefinitely deferred the provisions of ASU 2011-05 that require entities to present reclassification adjustments out of accumulated other comprehensive income by component in both the statement in which net income is presented and the statement in which other comprehensive income is presented (for both interim and annual financial statements). This deferral was superseded by ASU 2013-12. Upon adoption of the provisions of ASU 2011-05 and ASU 2011-12 on January 1, 2012, FHN revised its financial statements and disclosures accordingly.

Accounting Changes Issued but Not Currently Effective. In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN will adopt the requirements of ASU 2014-04 prospectively and does not expect it to have a material effect on FHN’s statements of condition, results of operation or cash flows.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not engage in repurchase-to- maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that it not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual and interim periods beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN currently classifies foreclosed properties with government guarantees within other real estate owned and plans to adopt ASU 2014-14 prospectively.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2015 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

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Consolidated Statements Of Cash Flow (Parenthetical) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Shares repurchased under the share repurchase program, value	[1]	$ 43,579,000	$ 91,533,000	$ 133,757,000
Stock Repurchase Authorization
Shares repurchased under the share repurchase program, value		$ 38,500,000	$ 87,600,000	$ 131,000,000

[1] 2014 includes $38.5 million repurchased under the share repurchase program launched in 2014. 2013 and 2012 include $87.6 million, and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

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Derivatives (Schedule Of Derivative Activities Associated With Trust Preferred Loans) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Loans, net of unearned income		$ 16,230,166,000	$ 15,389,074,000	$ 16,708,582,000
Hedging Instruments [Member] | Loan Portfolio Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional		6,500,000	6,500,000
Interest Rate Derivative Liabilities at Fair Value		744,000	1,006,000
Gains/(Losses)		262,000	1,037,000
Hedged Items [Member] | Loan Portfolio Hedging [Member] | Trust Preferred Loans [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loans, net of unearned income	[1],[2]	6,500,000	6,500,000
Gains/(Losses)	[1],[3]	$ (259,000)	$ (1,032,000)

[1] Assets included in the Loans, net of unearned income section of the Consolidated Statements of Condition.

[2] Represents principal balance being hedged.

[3] Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

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Preferred Stock

12 Months Ended

Dec. 31, 2014

Class Of Stock Disclosures [Abstract]

Preferred Stock And Other Capital [Text Block]

Note 12 –Preferred Stock

FHN Preferred Stock

On January 31, 2013, FHN issued 1,000 shares having an aggregate liquidation preference of $100 million of Non-Cumulative Perpetual Preferred Stock, Series A for net proceeds of approximately $96 million. Dividends on the Series A Preferred Stock, if declared, accrue and are payable quarterly, in arrears, at a rate of 6.20 percent per annum. For the issuance, FHN issued depositary shares, each of which represents a 1/4000th fractional ownership interest in a share of FHN’s preferred stock. These securities qualify as Tier 1 capital.

Subsidiary Preferred Stock

In 2000 FT Real Estate Securities Company, Inc. (“FTRESC”), an indirect subsidiary of FHN, issued 50shares of 9.50 percent Cumulative Preferred Stock, Class B (“Class B Preferred Shares”), with a liquidation preference of $1.0million per share; of those,47shares were issued to nonaffiliates.These securities qualify as Tier 2 capital and are presented in the Consolidated Statements of Condition as Term borrowings.FTRESC is a real estate investment trust (“REIT”) established for the purpose of acquiring, holding, and managing real estate mortgage assets.Dividends on the Class B Preferred Shares are cumulative and are payable semi-annually.

The Class B Preferred Shares are mandatorily redeemable on March 31, 2031, and redeemable at the discretion of FTRESC in the event that the Class B Preferred Shares cannot be accounted for as Tier 2 regulatory capital or there is more than an insubstantial risk that dividends paid with respect to the Class B Preferred Shares will not be fully deductible for tax purposes.They are not subject to any sinking fund and are not convertible into any other securities of FTRESC, FHN, or any of its subsidiaries. The shares are, however, automatically exchanged at the direction of the Office of the Comptroller of the Currency for preferred stock of FTBNA, having substantially the same terms as the Class B Preferred Shares in the event FTBNA becomes undercapitalized, insolvent, or in danger of becoming undercapitalized.

FTRESC also has outstanding Cumulative Perpetual Preferred Stock, Class A, which has been recognized as Noncontrolling interest on the Consolidated Statements of Condition, along with Class B Cumulative Perpetual Preferred Stock issued by First Horizon Preferred Funding, Inc. and First Horizon Preferred Funding II, Inc. Other preferred shares are outstanding but are owned by FHN subsidiaries and are eliminated in consolidation. For all periods presented, the aggregate amount included within Noncontrolling interest related to preferred shares issued from these subsidiaries was $.3 million. On January 1, 2013, First Horizon Preferred Funding III, Inc. issued $.1 million of Cumulative Perpetual Preferred Stock, Class A, which is attributable to the noncontrolling interest-holders. During 2013, in connection with the acquisition of MNB, FHN obtained a controlling interest in a subsidiary of MNB which had issued Cumulative Perpetual Preferred Stock, Class A. This $.2 million non-controlling interest is now considered to be issued by First Horizon Preferred Lending IV, Inc.

In 2005 FTBNA issued 300,000 shares ofClass A Non-Cumulative Perpetual Preferred Stock (“Class A Preferred Stock”) with a liquidation preference of $1,000per share. Dividends on the Class A Preferred Stock, if declared, accrue and are payable each quarter, in arrears, at a floating rate equal to the greater of the three month LIBOR rate plus .85 percent or 3.75 percent per annum. These securities qualify as Tier 1 capital. On December 31, 2014 and 2013, $294.8 million of Class A Preferred Stock was recognized as Noncontrolling interest on the Consolidated Statements of Condition.

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Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 8 – Intangible Assets

The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Statements of Condition:
(Dollars in thousands)	Goodwill		Other Intangible Assets (a)
December 31, 2011	$	133,659	$	26,243
Amortization expense		-		(3,910)
Additions		583		367
December 31, 2012	$	134,242	$	22,700
Amortization expense		-		(3,912)
Additions (b)		7,701		3,200
December 31, 2013	$	141,943	$	21,988
Amortization expense		-		(4,170)
Additions (b)		3,989		11,700
December 31, 2014	$	145,932	$	29,518

• Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.
• See Note 2 - Acquisitions & Divestures for further details regarding goodwill related to acquisitions.

The gross carrying amount of other intangible assets subject to amortization is $70.3 million on December 31,2014, net of $40.8 million of accumulated amortization. Estimated aggregate amortization expense is expected to be $5.2 million, $5.0 million, $4.7 million, $4.5 million, and $4.2 million for the twelve-month periods of 2015, 2016, 2017, 2018, and 2019, respectively.

The following is a summary of gross goodwill and accumulated impairment losses and write-offs detailed by reportable segments included in the Consolidated Statements of Condition through December 31, 2014. Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning on January 1, 2002, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized.
					Regional		Capital
(Dollars in thousands)			Non-Strategic		Banking		Markets		Total
Gross goodwill			$	199,995	$	36,238	$	97,421	$	333,654
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2011			$	-	$	36,238	$	97,421	$	133,659
		Additions		-		-		583		583
		Impairments		-		-		-		-
		Divestitures		-		-		-		-
	Net change in goodwill during 2012			-		-		583		583
Gross goodwill			$	199,995	$	36,238	$	98,004	$	334,237
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2012			$	-	$	36,238	$	98,004	$	134,242
		Additions		-		7,701		-		7,701
		Impairments		-		-		-		-
		Divestitures		-		-		-		-
	Net change in goodwill during 2013			-		7,701		-		7,701
Gross goodwill			$	199,995	$	43,939	$	98,004	$	341,938
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2013			$	-	$	43,939	$	98,004	$	141,943
		Additions		-		3,989		-		3,989
		Impairments		-		-		-		-
		Divestitures		-		-		-		-
	Net change in goodwill during 2014			-		3,989		-		3,989
Gross goodwill			$	199,995	$	47,928	$	98,004	$	345,927
Accumulated impairments				(114,123)		-		-		(114,123)
Accumulated divestiture related write-offs				(85,872)		-		-		(85,872)
December 31, 2014			$	-	$	47,928	$	98,004	$	145,932

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Loans (Schedule Of Troubled Debt Restructurings Occurring During The Year) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($) number
General C I [Member]
Financing Receivable, Modifications [Line Items]
Number | number	4	13
Pre-Modification Outstanding Recorded Investment	$ 1,767	$ 17,968
Post-Modification Outstanding Recorded Investment	$ 1,492	$ 17,784
Commercial Financial And Industrial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	4	13
Pre-Modification Outstanding Recorded Investment	$ 1,767	$ 17,968
Post-Modification Outstanding Recorded Investment	$ 1,492	$ 17,784
Income C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number	2	5
Pre-Modification Outstanding Recorded Investment	$ 421	$ 4,221
Post-Modification Outstanding Recorded Investment	$ 421	$ 4,187
Residential C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number	1	0
Pre-Modification Outstanding Recorded Investment	$ 976	$ 0
Post-Modification Outstanding Recorded Investment	$ 960	$ 0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	3	5
Pre-Modification Outstanding Recorded Investment	$ 1,397	$ 4,221
Post-Modification Outstanding Recorded Investment	$ 1,381	$ 4,187
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Number | number	309	354
Pre-Modification Outstanding Recorded Investment	$ 27,078	$ 26,606
Post-Modification Outstanding Recorded Investment	$ 27,514	$ 26,224
R E Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number | number	151	426
Pre-Modification Outstanding Recorded Investment	$ 10,050	$ 30,400
Post-Modification Outstanding Recorded Investment	$ 9,958	$ 30,104
Consumer Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	460	780
Pre-Modification Outstanding Recorded Investment	$ 37,128	$ 57,006
Post-Modification Outstanding Recorded Investment	$ 37,472	$ 56,328
Permanent Mortgage Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	34	49
Pre-Modification Outstanding Recorded Investment	$ 9,362	$ 18,716
Post-Modification Outstanding Recorded Investment	$ 8,879	$ 19,184
Credit Card And Other Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	64	50
Pre-Modification Outstanding Recorded Investment	$ 327	$ 233
Post-Modification Outstanding Recorded Investment	$ 315	$ 221
Troubled Debt Restructurings [Member]
Financing Receivable, Modifications [Line Items]
Number | number	565	897
Pre-Modification Outstanding Recorded Investment	$ 49,981	$ 98,144
Post-Modification Outstanding Recorded Investment	$ 49,539	$ 97,704

XML

Loans

12 Months Ended

Dec. 31, 2014

Loans [Abstract]

Loans

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of December 31, 2014 and 2013:
			December 31
(Dollars in thousands)		2014		2013
Commercial:
	Commercial, financial, and industrial	$	9,007,286	$	7,923,576
	Commercial real estate		1,277,717		1,133,279
Retail:
	Consumer real estate (a)		5,048,071		5,333,371
	Permanent mortgage (b)		538,961		662,242
	Credit card & other		358,131		336,606
Loans, net of unearned income		$	16,230,166	$	15,389,074
Allowance for loan losses			232,448		253,809
Total net loans		$	15,997,718	$	15,135,265

• Balances as of December 31, 2014 and 2013, include $76.8 million and $333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.
• Balance as of December 31, 2013, includes $11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

COMPONENTS OF THE LOAN PORTFOLIO

The loan portfolio is disaggregated into segments and then further disaggregated into classes for certain disclosures. GAAP defines a portfolio segment as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. A class is generally determined based on the initial measurement attribute (i.e., amortized cost or purchased credit-impaired), risk characteristics of the loan, and FHN’s method for monitoring and assessing credit risk. Commercial loan portfolio segments include commercial, financial and industrial ("C&I") and commercial real estate("CRE"). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans ("TRUPS") (i.e. long-term unsecured loans to bank and insurance - related businesses) portfolio and PCI loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within commercial real estate include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Retail classes include HELOC, real estate ("R/E") installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Concentrations

FHN has a concentration of residential real estate loans (34 percent of total loans), the majority of which is in the consumer real estate portfolio (31 percent of total loans). Loans to finance and insurance companies total $2.0 billion (22 percent of the C&I portfolio, or 12 percent of the total loans). FHN had loans to mortgage companiestotaling $1.2 billion (13 percent of the C&I portfolio, or 7 percent of total loans) as of December 31, 2014. As a result, 35 percent of the C&I category was sensitive to impacts on the financial services industry.

Restrictions

On December 31, 2014, $6.1 billion of commercial loans were pledged to secure potential discount window borrowings from the Federal ReserveBank. Additionally, as of December 31, 2014, FHN pledged all of its held-to-maturity first and second lien mortgages and HELOCs, excludingrestricted real estate loans and secured borrowings, to secure potential borrowings from the FHLB-Cincinnati. Restricted and secured borrowingsloans secure borrowings associated with both consolidated and nonconsolidated VIEs. See Note 22 – Variable Interest Entities for additionaldiscussion.

Loan Sales

In third quarter 2014, FHN executed the sale of certain loans held-for-sale, see Note 25 – Fair Value of Assets & Liabilities for further detail.

Acquisition

On June 7, 2013, FHN acquired substantially all of the assets and liabilities of MNB from the FDIC. The acquisition included approximately $249 million of loans. These loans were initially recorded at fair value which incorporates expected credit losses, among other things, in accordance with ASC 805 resulting in no carryover of ALLL from the acquiree. At acquisition, FHN designated certain loans as PCI (see discussion below) with the remaining loans accounted for under ASC 310-20, "Nonrefundable Fees and Other Costs". For loans accounted for under ASC 310-20, the difference between the loans' book value to MNB and the estimated fair value at the time of the acquisition will be accreted back into interest income over the remaining contractual life and the subsequent accounting and reporting will be similar to FHN's originated loan portfolio.

The following table presents a rollforward of the accretable yield for the years ended December 31, 2014 and 2013:
		Years Ended
		December 31
(Dollars in thousands)		2014		2013
Balance, beginning of period	$	13,490	$	-
Additions		495		6,650
Accretion		(7,090)		(2,234)
Adjustment for payoffs		(1,575)		(104)
Adjustment for charge-offs		(79)		(4)
Increase in accretable yield (a)		9,473		9,182
Balance, end of period	$	14,714	$	13,490

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

At December 31, 2014, the ALLL related to PCI loans was $3.2 million compared to $.8 million in 2013. Net charge-offs recognized during 2014 were $.1 million, compared to $.4 million in 2013. The loan loss provision incurred during 2014 and 2013 was $3.3 million and $1.2 million, respectively. The following table reflects the outstanding principal balance and carrying amounts of the PCI loans as of December 31, 2014 and 2013:
	December 31, 2014				December 31, 2013
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	5,044	$	5,813	$	7,077	$	9,169
Commercial real estate		32,553		43,246		38,042		53,648
Consumer real estate		598		868		878		1,291
Credit card and other		10		14		12		21
Total	$	38,205	$	49,941	$	46,009	$	64,129

Impaired Loans
The following tables provide information at December 31, 2014 and 2013, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and LOCOM have been excluded.
		2014
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	9,558	$	10,851	$	-	$	15,826	$	-
	TRUPS		-		-		-		813		-
	Income CRE		8,528		16,242		-		7,671		-
	Residential CRE		1,148		1,827		-		718		-
	Total	$	19,234	$	28,920	$	-	$	25,028	$	-
Retail:
	HELOC (a)	$	13,379	$	32,471	$	-	$	15,670	$	-
	R/E installment loans (a)		4,819		6,247		-		7,855		-
	Permanent mortgage (a)		7,258		9,374		-		7,798		-
	Total	$	25,456	$	48,092	$	-	$	31,323	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	13,295	$	17,644	$	863	$	23,382	$	310
	TRUPS		13,460		13,700		4,310		13,524		-
	Income CRE		8,384		9,756		650		9,944		286
	Residential CRE		1,370		5,331		146		5,553		190
	Total	$	36,509	$	46,431	$	5,969	$	52,403	$	786
Retail:
	HELOC	$	84,169	$	86,252	$	18,942	$	77,306	$	1,799
	R/E installment loans		70,858		72,094		21,836		73,374		1,198
	Permanent mortgage		106,201		119,421		16,627		111,528		2,823
	Credit card & other		533		533		254		596		26
	Total	$	261,761	$	278,300	$	57,659	$	262,804	$	5,846
Total commercial		$	55,743	$	75,351	$	5,969	$	77,431	$	786
Total retail		$	287,217	$	326,392	$	57,659	$	294,127	$	5,846
Total impaired loans		$	342,960	$	401,743	$	63,628	$	371,558	$	6,632

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

		2013
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	26,626	$	28,089	$	-	$	46,486	$	108
	TRUPS		6,500		6,500		-		9,563		-
	Income CRE		8,524		16,552		-		21,304		168
	Residential CRE		-		-		-		8,145		122
	Total	$	41,650	$	51,141	$	-	$	85,498	$	398
Retail:
	HELOC (a)	$	16,825	$	38,624	$	-	$	19,418	$	-
	R/E installment loans (a)		11,009		14,062		-		11,955		-
	Permanent mortgage (a)		8,460		11,943		-		8,835		-
	Total	$	36,294	$	64,629	$	-	$	40,208	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	16,741	$	23,016	$	1,548	$	18,291	$	185
	TRUPS		33,610		33,610		12,747		37,791		-
	Income CRE		12,374		14,094		810		5,725		201
	Residential CRE		6,914		12,249		790		3,148		153
	Total	$	69,639	$	82,969	$	15,895	$	64,955	$	539
Retail:
	HELOC	$	70,297	$	71,692	$	16,506	$	66,154	$	1,821
	R/E installment loans		72,291		73,230		27,667		72,408		1,340
	Permanent mortgage		112,998		125,666		17,042		112,356		2,990
	Credit card & other		545		545		224		698		29
	Total	$	256,131	$	271,133	$	61,439	$	251,616	$	6,180
Total commercial		$	111,289	$	134,110	$	15,895	$	150,453	$	937
Total retail		$	292,425	$	335,762	$	61,439	$	291,824	$	6,180
Total impaired loans		$	403,714	$	469,872	$	77,334	$	442,277	$	7,117

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

Asset Quality Indicators

FHN employs a dual grade commercial risk grading methodology to assign an estimate for theprobability of default ("PD") and the loss given default ("LGD") for each commercial loan using factors specific to various industry, portfolio, or product segments that result in a rank ordering of risk and the assignment of grades PD 1 to PD 16. Each PD grade corresponds to an estimated one-year default probability percentage; a PD 1 has the lowest expected default probability, and probabilities increase as grades progress down the scale. PD 1 through PD 12 are “pass” grades. PD grades 13-16 correspond to the regulatory-defined categories of special mention (13), substandard (14), doubtful (15), and loss (16). Pass loan grades are required to be reassessed annually or earlier whenever there has been a material change in the financial condition of the borrower or risk characteristics of the relationship. All commercial loans over $1 million and certain commercial loans over $500,000 that are graded 13 or worse are reassessed on a quarterly basis. LGD grades are assigned based on a scale of 1-12 and represent FHN’s expected recovery based on collateral type in the event a loan defaults. See Note 5 - Allowance for Loan Losses for further discussion on the credit grading system.

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of December 31, 2014 and 2013.
	December 31, 2014
			Loans to												Allowance
	General		Mortgage				Income		Residential				Percentage		for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		of Total		Losses
PD Grade:
1	$	450,465	$	-	$	-	$	136	$	60	$	450,661	4	%	$	70
2		434,945		-		-		1,344		236		436,525	4			130
3		566,364		134,230		-		73,812		230		774,636	8			201
4		589,341		202,287		-		45,084		232		836,944	8			408
5		821,012		247,058		-		216,628		3,835		1,288,533	13			2,372
6		1,162,551		314,671		-		175,007		5,218		1,657,447	16			5,286
7		1,325,968		157,410		-		224,226		6,669		1,714,273	17			8,517
8		699,334		42,730		-		200,463		7,664		950,191	9			9,307
9		531,979		58,997		-		117,782		834		709,592	7			8,901
10		244,574		5,635		-		38,253		739		289,201	3			4,806
11		287,940		-		-		31,712		938		320,590	3			6,887
12		117,431		-		-		29,453		1,038		147,922	1			4,622
13		87,840		-		325,882		6,116		1,166		421,004	4			3,590
14,15,16		157,868		-		-		29,579		4,204		191,651	2			21,411
Collectively evaluated for impairment		7,477,612		1,163,018		325,882		1,189,595		33,063		10,189,170	99			76,508
Individually evaluated for impairment		22,853		-		12,845		16,912		2,518		55,128	1			5,969
Purchased credit-impaired loans		5,076		-		-		33,914		1,715		40,705	-			3,108
Total commercial loans	$	7,505,541	$	1,163,018	$	338,727	$	1,240,421	$	37,296	$	10,285,003	100	%	$	85,585

	December 31, 2013
			Loans to												Allowance
	General		Mortgage				Income		Residential				Percent of		for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		Total		Losses
PD Grade:
1	$	239,141	$	-	$	-	$	-	$	-	$	239,141	3	%	$	85
2		216,173		-		-		3,363		-		219,536	2			80
3		224,224		-		-		739		83		225,046	2			206
4		321,423		-		-		13,005		213		334,641	4			410
5		821,158		-		-		42,420		225		863,803	10			1,331
6		876,982		96,287		-		229,098		9,989		1,212,356	13			1,643
7		1,135,378		172,236		-		216,744		6,527		1,530,885	17			2,578
8		953,398		295,436		-		218,619		136		1,467,589	16			4,426
9		683,223		167,533		-		111,260		953		962,969	11			8,381
10		402,532		48,802		-		64,893		1,850		518,077	6			7,276
11		387,907		10,169		-		29,774		1,637		429,487	5			9,687
12		129,741		-		-		32,796		4,333		166,870	2			2,488
13		163,458		-		331,940		16,666		2,886		514,950	6			9,047
14,15,16		154,860		146		4,103		52,879		5,551		217,539	2			32,712
Collectively evaluated for impairment		6,709,598		790,609		336,043		1,032,256		34,383		8,902,889	99			80,350
Individually evaluated for impairment		43,367		-		36,864		20,898		6,914		108,043	1			15,895
Total commercial loans (b)	$	6,752,965	$	790,609	$	372,907	$	1,053,154	$	41,297	$	9,010,932	100	%	$	96,245

• Balances as of December 31, 2014 and 2013, presented net of $26.2 million and $29.4 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".
• December 31, 2013 table excludes PCI loans amounting to $45.9 million ($.8 million of allowance).

The retail portfolio is comprised primarily of smaller-balance loans which are very similar in nature in that most are standard products and are backed by residential real estate. Because of the similarities of retail loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the quality of consumer borrowers. FICO scores are refreshed on a quarterly basis in an attempt to reflect the recent risk profile of the borrowers. Accruing delinquency amounts are indicators of asset quality within the credit card and other retail portfolio.

The following tables reflect period end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of December 31, 2014 and 2013:
HELOC
	December 31, 2014						December 31, 2013
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	56,335		708		701	$	79,550		711		701
2003		102,073		721		710		141,215		725		711
2004		282,580		723		709		395,323		727		716
2005		451,757		731		722		531,839		732		720
2006		337,440		740		727		383,366		740		726
2007		357,290		744		729		406,299		744		728
2008		194,710		753		747		223,110		753		747
2009		101,594		751		743		115,863		750		744
2010		98,214		753		749		114,393		753		749
2011		96,982		759		753		112,595		758		753
2012		119,333		760		758		138,373		759		760
2013		151,005		758		760		164,665		759		762
2014		120,025		762		762		-		-		-
Total	$	2,469,338		741		732	$	2,806,591		740		730

R/E Installment Loans	December 31, 2014						December 31, 2013
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	13,909		678		684	$	23,827		681		683
2003		49,706		714		724		74,451		716		725
2004		41,414		699		695		54,240		701		700
2005		123,130		715		712		161,205		717		711
2006		134,055		713		702		173,994		715		701
2007		199,473		723		709		249,198		725		709
2008		64,244		720		714		85,192		723		720
2009		28,762		736		725		38,842		742		737
2010		101,310		747		752		125,094		748		755
2011		278,795		760		759		335,343		760		760
2012		608,684		764		766		690,461		764		764
2013		475,272		756		759		514,933		757		754
2014		459,979		756		752		-		-		-
Total	$	2,578,733		748		747	$	2,526,780		746		742

Permanent Mortgage	December 31, 2014						December 31, 2013
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2004	$	150,217		723		721	$	194,369		725		725
2004		17,349		712		712		22,720		713		694
2005		34,033		736		740		40,272		737		712
2006		62,053		731		724		79,367		730		711
2007		188,868		733		717		223,440		734		710
2008		86,441		741		709		102,074		741		714
Total	$	538,961		730		717	$	662,242		731		714

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on December 31, 2014:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	7,477,410	$	3,196	$	218	$	$7,480,824	$	636	$	1,726	$	17,279	$	$19,641	$	$7,500,465
Loans to mortgage companies		1,162,894		-		-		1,162,894		-		-		124		124		1,163,018
TRUPS (a)		325,882		-		-		325,882		-		-		12,845		12,845		338,727
Purchased credit-impaired loans		4,180		344		552		5,076		-		-		-		-		5,076
Total commercial (C&I)		8,970,366		3,540		770		8,974,676		636		1,726		30,248		32,610		9,007,286
Commercial real estate:
Income CRE		1,190,562		1,446		-		1,192,008		1,495		1,963		11,041		14,499		1,206,507
Residential CRE		34,541		183		-		34,724		-		-		857		857		35,581
Purchased credit-impaired loans		35,511		3		115		35,629		-		-		-		-		35,629
Total commercial real estate		1,260,614		1,632		115		1,262,361		1,495		1,963		11,898		15,356		1,277,717
Consumer real estate:
HELOC		2,347,361		26,738		11,093		2,385,192		66,410		6,628		11,108		84,146		2,469,338
R/E installment loans		2,524,019		11,951		5,602		2,541,572		27,330		3,268		5,888		36,486		2,578,058
Purchased credit-impaired loans		675		-		-		675		-		-		-		-		675
Total consumer real estate		4,872,055		38,689		16,695		4,927,439		93,740		9,896		16,996		120,632		5,048,071
Permanent mortgage		495,619		3,624		5,640		504,883		16,681		2,382		15,015		34,078		538,961
Credit card & other
Credit card		185,015		1,909		1,822		188,746		-		-		-		-		188,746
Other		167,272		1,137		203		168,612		-		-		763		763		169,375
Purchased credit-impaired loans		10		-		-		10		-		-		-		-		10
Total credit card & other		352,297		3,046		2,025		357,368		-		-		763		763		358,131
Total loans, net of unearned	$	15,950,951	$	50,531	$	$25,245	$	$16,026,727		$112,552	$	15,967	$	$74,920	$	$203,439	$	$16,230,166

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

The following table reflects accruing and non-accruing loans by class on December 31, 2013:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	6,701,185	$	8,606	$	425	$	6,710,216	$	19,039	$	3,668	$	20,042	$	42,749	$	6,752,965
Loans to mortgage companies		790,463		-		-		790,463		-		-		146		146		790,609
TRUPS (a)		336,043		-		-		336,043		-		-		36,864		36,864		372,907
Purchased credit-impaired loans		5,710		-		1,385		7,095		-		-		-		-		7,095
Total commercial (C&I)		7,833,401		8,606		1,810		7,843,817		19,039		3,668		57,052		79,759		7,923,576
Commercial real estate:
Income CRE		1,030,910		5,822		-		1,036,732		4,339		395		11,688		16,422		1,053,154
Residential CRE		39,295		323		-		39,618		130		-		1,549		1,679		41,297
Purchased credit-impaired loans		34,786		2,964		1,078		38,828		-		-		-		-		38,828
Total commercial real estate		1,104,991		9,109		1,078		1,115,178		4,469		395		13,237		18,101		1,133,279
Consumer real estate:
HELOC		2,688,193		25,609		14,683		2,728,485		59,385		5,261		13,460		78,106		2,806,591
R/E installment loans		2,466,647		12,951		6,801		2,486,399		29,221		3,120		7,151		39,492		2,525,891
Purchased credit-impaired loans		889		-		-		889		-		-		-		-		889
Total consumer real estate		5,155,729		38,560		21,484		5,215,773		88,606		8,381		20,611		117,598		5,333,371
Permanent mortgage		606,707		11,235		6,129		624,071		14,868		952		22,351		38,171		662,242
Credit card & other
Credit card		182,798		1,792		1,369		185,959		-		-		-		-		185,959
Other		147,846		996		394		149,236		1,397		-		-		1,397		150,633
Purchased credit-impaired loans		14		-		-		14		-		-		-		-		14
Total credit card & other		330,658		2,788		1,763		335,209		1,397		-		-		1,397		336,606
Total loans, net of unearned	$	15,031,486	$	70,298	$	32,264	$	15,134,048	$	128,379	$	13,396	$	113,251	$	255,026	$	15,389,074

Total TRUPS includes LOCOM valuation allowance of $29.4 million.

Troubled Debt Restructurings

As part of FHN’s ongoing risk management practices, FHN attempts to work with borrowers when necessary to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. FHN considers regulatory guidelines when restructuring loans to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan.

A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that FHN has granted a concession to the borrower. FHN may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of loan structures, business/industry risk, and borrower/guarantor structures. Concessions could include extension of the maturity date, reductions of the interest rate (which may make the rate lower than current market for a new loan with similar risk), reduction or forgiveness of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, FHN also considers whether the borrower has provided additional collateral or guarantors, among other things, and whether such additions adequately compensate FHN for the restructured terms. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management’s judgment is required when determining whether a modification is classified as a TDR.

For all classes within the commercial portfolio segment, TDRs are typically modified through forbearance agreements (generally 6 to 12 months). Forbearance agreements could include reduced interest rates, reduced payments, release of guarantor, or entering into short sale agreements. FHN’s proprietary modification programs for consumer loans are generally structured using parameters of U.S. government-sponsored programs such as Home Affordable Modification Program (“HAMP”). Within the HELOC and R/E installment loans classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years the interest rate steps up 1 percent every year thereafter until it reaches the Federal Home Loan Mortgage Corporation Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance.

Despite the absence of a loan modification, the discharge of personal liability through bankruptcy proceedings is considered a concession and as a result, FHN classifies all non-reaffirmed residential real estate loans after bankruptcy as nonaccruing TDRs.

On December 31, 2014 and 2013, FHN had $331.3 millionand $352.3 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $59.0 million and $64.6 million, or 18 percent as of December 31, 2014, and 18 percent as of December 31, 2013. Additionally,$80.1 million and $135.6 million of loans held-for-sale as of December 31, 2014 and2013, respectively were classified as TDRs.

The following table reflects portfolio loans that were classified as TDRs during the years ended December 31, 2014 and 2013:
		2014					2013
			Pre-Modification		Post-Modification			Pre-Modification		Post-Modification
			Outstanding		Outstanding			Outstanding		Outstanding
(Dollars in thousands)		Number	Recorded Investment		Recorded Investment		Number	Recorded Investment		Recorded Investment
Commercial (C&I):
General C&I		4	$	1,767	$	1,492	13	$	17,968	$	17,784
	Total commercial (C&I)	4		1,767		1,492	13		17,968		17,784
Commercial real estate:
Income CRE		2		421		421	5		4,221		4,187
Residential CRE		1		976		960	-		-		-
	Total commercial real estate	3		1,397		1,381	5		4,221		4,187
Consumer real estate:
HELOC		309		27,078		27,514	354		26,606		26,224
R/E installment loans		151		10,050		9,958	426		30,400		30,104
	Total consumer real estate	460		37,128		37,472	780		57,006		56,328
Permanent mortgage		34		9,362		8,879	49		18,716		19,184
Credit card & other		64		327		315	50		233		221
Total troubled debt restructurings		565	$	49,981	$	49,539	897	$	98,144	$	97,704

The following table presents TDRs which re-defaulted during 2014 and 2013, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more plus days past due.
		2014			2013
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		6	$	869	11	$	6,705
	Total commercial (C&I)	6		869	11		6,705
Commercial real estate:
Income CRE		4		3,086	4		1,548
Residential CRE		-		-	1		33
	Total commercial real estate	4		3,086	5		1,581
Consumer real estate:
HELOC		7		485	13		604
R/E installment loans		9		530	8		428
	Total consumer real estate	16		1,015	21		1,032
Permanent mortgage		3		1,128	17		7,832
Credit card & other		2		4	17		65
Total troubled debt restructurings		31	$	6,102	71	$	17,215

The determination of whether a TDR is placed on nonaccrual status generally follows the same internal policies and procedures as other portfolio loans. However, FHN willtypically place a consumer real estate loan on nonaccrual status if it is 30 or more days delinquent upon modification into a TDR. For commercial loans, nonaccrual TDRs that are reasonably assured of repayment according to their modified terms may be returned to accrual status by FHN upon a detailed credit evaluation of the borrower’s financial condition and prospects for repayment under the revised terms. For consumer loans, FHN’s evaluation supporting the decision to return a modified loan to accrual status includes consideration of the borrower’s sustained historical repayment performance for a reasonable period prior to the date on which the loan is returned to accrual status, which is generally a minimum of six months. FHN may also consider a borrower’s sustained historical repayment performance for a reasonable time prior to the restructuring in assessing whether the borrower can meet the restructured terms, as it may indicate that the borrower is capable of servicing the level of debt under the modified terms. Otherwise, FHN will continue to classify restructured loans as nonaccrual. Consistent with regulatory guidance, upon sustained performance and classification as a TDR over FHN’s year-end, the loan will be removed from TDR status as long as the modified terms were market-based at the time of modification.

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Fair Value Of Assets And Liabilities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Fair Value Of Assets And Liabilities [Abstract]
Gain/(loss) on instrument specific credit risk	$ 2,800,000	$ (1,500,000)	$ (1,800,000)
Number of levels assets and liabilities are grouped in | number	3
Goodwill, Impairment	$ 0	$ 0	$ 0

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Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2014

Variable Interest Entities [Abstract]

Summary Of VIEs Consolidated By FHN

The following table summarizes VIEs consolidated by FHN as of December 31, 2014 and 2013:
			December 31, 2014						December 31, 2013
			On-Balance Sheet Consumer Loan Securitizations			Rabbi Trusts Used for Deferred Compensation Plans			On-Balance Sheet Consumer Loan Securitizations			Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)			Carrying Value			Carrying Value			Carrying Value			Carrying Value
Assets:
Cash and due from banks				$	182			N/A		$	1,244			N/A
Loans, net of unearned income					76,772			N/A			100,790			N/A
	Less: Allowance for loan losses				827			N/A			4,439			N/A
		Total net loans			75,945			N/A			96,351			N/A
Other assets					436		$	67,117			1,892		$	64,505
Total assets				$	76,563		$	67,117		$	99,487		$	64,505
Liabilities:
Term borrowings				$	65,612			N/A		$	89,640			N/A
Other liabilities					4		$	50,825			18		$	49,519
Total liabilities				$	65,616		$	50,825		$	89,658		$	49,519

Summary of the Impact of Qualifying LIHTC Investments

LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not significant during 2014 or 2013 and were $3.4 million in 2012. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Statements of Income for the years ended December 31, 2014, 2013 and 2012, for LIHTC investments accounted for under the proportional amortization method.
(Dollars in thousands)	2014		2013		2012
Provision/(benefit) for income taxes
Amortization of qualifying LIHTC investments	$	9,880	$	12,246	$	12,869
Low income housing tax credits		(9,850)		(11,543)		(16,268)
Other tax benefits related to qualifying LIHTC investments		(7,438)		(3,149)		(4,574)

Summary Of VIEs Not Consolidated By FHN

The following table summarizes FHN’s nonconsolidated VIEs as of December 31, 2014:
	Maximum		Liability
(Dollars in thousands)	Loss Exposure		Recognized			Classification
Type
Low income housing partnerships	$	61,259		$	4,678	(a)
New market tax credit LLCs (b) (c)		21,648			-	Other assets
Small issuer trust preferred holdings (d)		364,882			-	Loans, net of unearned income
On-balance sheet trust preferred securitization		51,613			62,561	(e)
Proprietary trust preferred issuances (f)		N/A			206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		25,904			-	(g)
Holdings of agency mortgage-backed securities (d)		3,881,505			-	(h)
Commercial loan troubled debt restructurings (i) (j)		47,258			-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A			N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,“Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Summary of Significant Accounting Policiesfor additional information.

• Maximum loss exposure represents $56.6 million of current investments and $4.7 million of contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $62.6 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $.6 million and $.1 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $5.6 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $19.6 million are classified as Other assets.
• Includes $519.1 million classified as Trading securities and $3.4 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $44.0 million of current receivables and $3.2 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

The following table summarizes FHN's nonconsolidated VIEs as of December 31, 2013:
	Maximum		Liability
(Dollars in thousands)	Loss  Exposure		Recognized		Classification
Type
Low income housing partnerships	$	65,838	$	7,034	(a)
New market tax credit LLCs (b) (c)		22,774		-	Other assets
Small issuer trust preferred holdings (d)		402,307		-	Loans, net of unearned income
On-balance sheet trust preferred securitization		53,951		60,222	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		339,493		-	(g)
On-balance sheet consumer loan securitizations		22,965		221,193	(h)
Holdings of agency mortgage-backed securities (d)		3,401,539		-	(i)
Short positions in agency mortgage-backed securities (f)		N/A		854	Trading liabilities
Commercial loan troubled debt restructurings (j) (k)		62,207		-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,“Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Summary of Significant Accounting Policiesfor additional information.

• Maximum loss exposure represents $58.8 million of current investments and $7.0 million of contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $60.2 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $70.1 million and $.4 million classified as MSR related to proprietary and agency residential mortgage securitizations, respectively, and $7.2 million classified as Trading securities related to proprietary and agency residential mortgage securitizations. Aggregate servicing advances of $261.8 million are classified as Other assets.
• Includes $244.2 million classified as Loans, net of unearned income which are offset by $221.2 million classified as Term borrowings.
• Includes $286.9 million classified as Trading securities and $3.1 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $59.9 million of current receivables and $2.3 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

Schedule Of Cash Flows Related To Loan Sales And Securitizations

For 2013, cash flows received and paid related to loan sales and securitizations where FHN had continuing involvement were as follows:
		Year Ended
(Dollars in thousands)	December 31, 2013
Proceeds from initial sales	$	10,843
Servicing fees retained (a)		43,563
Purchases of GNMA guaranteed mortgages		97,684
Purchases of previously transferred financial assets (b) (c)		287,576
Other cash flows received on retained interests		5,482

• Included servicing fees on MSR associated with loan sales and purchased MSR.
• Included repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also included buyouts from GSEs in order to facilitate foreclosures.
• 2013 includes $74.7 million of cash paid related to clean-up calls exercised by FHN.

Schedule Of Principal Amount Of Delinquent Loans, And Net Credit Losses

The principal amount of loans transferred through loan sales and securitizations and other loans managed with them in which FHN had continuing involvement, the principal amount of delinquent loans, and the net credit losses during the December 31, 2013 are as follows:
	Principal Amount of Residential Real Estate Loans (a) (b) (c)		Net Credit Loss
				Year Ended
(Dollars in thousands)	December 31, 2013			December 31, 2013
Total loans managed or transferred	$	8,386,789		$	219,925

• Amounts represent real estate residential loans in FHN’s portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN had a retained interest other than servicing rights. Also included $39.4 million of loans transferred to GSEs with any type of retained interest other than servicing rights in 2013.
• Includes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in this amount was $39.8 million of GNMA guaranteed mortgages in 2013.
• No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 18 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.

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Fair Value Of Assets And Liabilities (Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair value of retained interests		$ 1,194,391,000		$ 801,718,000
Total MSR recognized by FHN		2,517,000		72,793,000		$ 114,311,000
Other Liabilities, Fair Value Disclosure		119,239,000		154,280,000
Loans held-for-sale		27,910,000		230,456,000
Real estate acquired by foreclosure		39,922,000		71,562,000
Securities available for sale		3,556,613,000	[1]	3,398,457,000	[2]
Other assets		159,753,000		205,746,000
Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair value of retained interests		5,637,000		7,195,000
First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		846,000		9,457,000		12,054,000
Non Recurring
Fair Value Inputs Assets Quantitative Information [Line Items]
Real estate acquired by foreclosure	[3]	30,430,000		45,753,000		41,767,000
Other assets	[4]	28,660,000		30,810,000		32,370,000
Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Other Liabilities, Fair Value Disclosure		5,240,000		2,916,000
Other assets		112,000
Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Total MSR recognized by FHN	[5]	2,517,000		72,793,000
Other Liabilities, Fair Value Disclosure		5,240,000		2,915,000
Loans held-for-sale		27,910,000		230,456,000
Securities available for sale		3,307,000		8,126,000
Other assets		0		0
Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair value of retained interests		5,637,000	[5]	7,195,000
Level 3 | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		846,000		9,457,000		12,054,000
Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		28,756,000		239,913,000
Level 3 | Non Recurring
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans, net of unearned income	[6]	40,531,000		62,839,000
Real estate acquired by foreclosure	[3]	30,430,000		45,753,000		41,767,000
Other assets	[4]	28,660,000		30,810,000		$ 32,370,000
Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Other Liabilities, Fair Value Disclosure		5,240,000		2,915,000
Other assets		0
Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Securities available for sale				4,300,000
Other Assets | Level 3 | Non Recurring
Fair Value Inputs Assets Quantitative Information [Line Items]
Other assets	[7]	$ 28,660,000		$ 30,810,000
Discounted Cash Flow | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques				Discounted cash flow
Discounted Cash Flow | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | 15.2 Constant Prepayment Rate | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		15.20%
Discounted Cash Flow | 9.8% Values Utilized | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate		9.80%
Discounted Cash Flow | $141.40 Per Loan | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Cost To Service Loan		$ 141.4
Discounted Cash Flow | 1.385% Values Utilized | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Earnings On Escrow		1.385%		1.385%
Discounted Cash Flow | 19.7 Constant Prepayment Rate | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				19.70%
Discounted Cash Flow | 8.6% Values Utilized | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate				8.60%
Discounted Cash Flow | $162.00 Per Loan | Mortgage Servicing Rights | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Cost To Service Loan				$ 162
Appraisals From Comparable Properties | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Appraisals from comparable properties		Appraisals from comparable properties
Appraisals From Comparable Properties | Real Estate Acquired By Foreclosure | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Appraisals from comparable properties		Appraisals from comparable properties
Appraisals From Comparable Properties | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Appraisals from comparable properties		Appraisals from comparable properties
Other Collateral Valuations | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Other collateral valuations		Other collateral valuations
Industry Comparables | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques				Industry comparables
Maximum | Discounted Cash Flow | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Visa covered litigation resolution amount		$ 5,600,000,000		$ 5,000,000,000
Maximum | Discounted Cash Flow | 2% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		12.00%
Maximum | Discounted Cash Flow | 2% - 4% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Credit spreads				4.00%
Maximum | Discounted Cash Flow | 15.0% - 25.0% Added To Credit Spread | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Delinquency adjustment factor				25.00%
Maximum | Discounted Cash Flow | 50% - 60% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				60.00%
Maximum | Discounted Cash Flow | 0% - 15% Adjustment To Yield | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustments to current sales yields for specific properties		15.00%		15.00%
Maximum | Discounted Cash Flow | 6 Months To 30 Months | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution				30 months
Maximum | Discounted Cash Flow | 15% - 45% Values Utilized | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios				45.00%
Maximum | Discounted Cash Flow | 25% - 30% Values Utilized | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate				30.00%
Maximum | Discounted Cash Flow | 20% to 25% Values Utilized | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Earnings capitalization rate				25.00%
Maximum | Discounted Cash Flow | 3% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				12.00%
Maximum | Discounted Cash Flow | 35% - 100% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				100.00%
Maximum | Discounted Cash Flow | 2% - 11% | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Draw rate				11.00%
Maximum | Discounted Cash Flow | 5% - 15% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		15.00%
Maximum | Discounted Cash Flow | 45% - 100% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		100.00%
Maximum | Discounted Cash Flow | 10% - 30% Values Utilized | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios		30.00%
Maximum | Discounted Cash Flow | 8% - 56% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate		56.00%
Maximum | Discounted Cash Flow | 12 Months to 48 Months | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution		48 months
Maximum | Discounted Cash Flow | 5% - 12% Value Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Draw rate		12.00%
Maximum | Discounted Cash Flow | 41% - 46% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		46.00%
Maximum | Discounted Cash Flow | 38 - 45% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				45.00%
Maximum | Discounted Cash Flow | 50 - 60 % Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Foreclosure losses		60.00%
Maximum | Discounted Cash Flow | 10 - 70 % of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		70.00%
Maximum | Discounted Cash Flow | 6 - 10 % Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				10.00%
Maximum | Appraisals From Comparable Properties | 0% - 10% Of Appraisal | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		10.00%		10.00%
Maximum | Appraisals From Comparable Properties | 0% - 10% Of Appraisal | Real Estate Acquired By Foreclosure | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustment for value changes since appraisal		10.00%		10.00%
Maximum | Appraisals From Comparable Properties | 0% - 25% Of Appraisal | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		25.00%		25.00%
Maximum | Other Collateral Valuations | 20% - 50% Of Gross Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Borrowing base certificates adjustment		50.00%		50.00%
Maximum | Other Collateral Valuations | 0% - 25% Of Reported Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Financial statements/auction values adjustment		25.00%		25.00%
Maximum | Industry Comparables | 40% - 50% Discount | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustment for minority interest and small business status				50.00%
Minimum | Discounted Cash Flow | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Visa covered litigation resolution amount		$ 4,800,000,000		$ 4,400,000,000
Minimum | Discounted Cash Flow | 2% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		2.00%
Minimum | Discounted Cash Flow | 2% - 4% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Credit spreads				2.00%
Minimum | Discounted Cash Flow | 15.0% - 25.0% Added To Credit Spread | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Delinquency adjustment factor				15.00%
Minimum | Discounted Cash Flow | 50% - 60% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				50.00%
Minimum | Discounted Cash Flow | 0% - 15% Adjustment To Yield | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustments to current sales yields for specific properties		0.00%		0.00%
Minimum | Discounted Cash Flow | 6 Months To 30 Months | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution				6 months
Minimum | Discounted Cash Flow | 15% - 45% Values Utilized | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios				15.00%
Minimum | Discounted Cash Flow | 25% - 30% Values Utilized | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate				25.00%
Minimum | Discounted Cash Flow | 20% to 25% Values Utilized | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Earnings capitalization rate				20.00%
Minimum | Discounted Cash Flow | 3% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				3.00%
Minimum | Discounted Cash Flow | 35% - 100% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				35.00%
Minimum | Discounted Cash Flow | 2% - 11% | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Draw rate				2.00%
Minimum | Discounted Cash Flow | 5% - 15% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		5.00%
Minimum | Discounted Cash Flow | 45% - 100% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		45.00%
Minimum | Discounted Cash Flow | 10% - 30% Values Utilized | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios		10.00%
Minimum | Discounted Cash Flow | 8% - 56% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate		8.00%
Minimum | Discounted Cash Flow | 12 Months to 48 Months | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution		12 months
Minimum | Discounted Cash Flow | 5% - 12% Value Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Draw rate		5.00%
Minimum | Discounted Cash Flow | 41% - 46% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		41.00%
Minimum | Discounted Cash Flow | 38 - 45% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				38.00%
Minimum | Discounted Cash Flow | 50 - 60 % Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Foreclosure losses		50.00%
Minimum | Discounted Cash Flow | 10 - 70 % of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		10.00%
Minimum | Discounted Cash Flow | 6 - 10 % Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				6.00%
Minimum | Appraisals From Comparable Properties | 0% - 10% Of Appraisal | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		0.00%		0.00%
Minimum | Appraisals From Comparable Properties | 0% - 10% Of Appraisal | Real Estate Acquired By Foreclosure | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustment for value changes since appraisal		0.00%		0.00%
Minimum | Appraisals From Comparable Properties | 0% - 25% Of Appraisal | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		0.00%		0.00%
Minimum | Other Collateral Valuations | 20% - 50% Of Gross Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Borrowing base certificates adjustment		20.00%		20.00%
Minimum | Other Collateral Valuations | 0% - 25% Of Reported Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Financial statements/auction values adjustment		0.00%		0.00%
Minimum | Industry Comparables | 40% - 50% Discount | Venture Capital Investments | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustment for minority interest and small business status				40.00%

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] Represe nts the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.

[4] Represents tax credit invest ments accounted for under the equity method .

[5] The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.

[6] Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.

[7] Represents tax credit investments accounted for under the equity method .

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Income Taxes (Schedule Of Components Of Income Tax Expense/(Benefit))(Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Current, Federal	$ 83,916,000	$ 2,971,000	$ 6,895,000
Current, State	(3,461,000)	(13,792,000)	(9,725,000)
Current, Foreign	1,000	10,000	33,000
Deferred, Federal	(157,000)	4,771,000	(58,742,000)
Deferred, State	3,872,000	(13,312,000)	(10,488,000)
Deferred, Foreign	14,000	(37,000)	(1,000)
Total income tax expense/(benefit)	$ 84,185,000	$ (19,389,000)	$ (72,028,000)

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Acquisitions and Divestitures

12 Months Ended

Dec. 31, 2014

Acquisitions and Divestitures [Abstract]

Acquisitions and Divestitures

Note 2 – Acquisitions and Divestitures

On May 27, 2014, First Tennessee Bank National Association ("FTBNA") entered into an agreement to purchase thirteen bank branches in Middle and East Tennessee. The purchase of the branches closed on October 17, 2014. The fair value of the acquired assets totaled $437.6 million, including $413.4 million in cash, $7.5 million in fixed assets, and $15.7 million of goodwill and intangible assets. FTBNA also assumed $437.2 million of deposits associated with these branches. FTBNA paid a deposit premium of 3.32 percent and acquired an immaterial amount of loans as part of the transaction. FHN’s operating results for 2014 includes the impact of branch activity subsequent to the October 17, 2014 closing date.

On June 7, 2013, FTBNA acquired substantially all of the assets and liabilities of Mountain National Bank("MNB") a community bank headquartered in Sevierville, Tennessee from the Federal Deposit Insurance Corporation ("FDIC"), as receiver, pursuant to a purchase and assumption agreement. Prior to the acquisition, MNB operated 12 branches in Sevier and Blount counties in eastern Tennessee. Excluding purchase accounting adjustments, FHN acquired approximately $452 million in assets, including approximately$249 million in loans, and assumed approximately $362 million of MNB deposits. There was no premium associated with the acquired deposits and assets were acquired at a discount of $33 million from book value. FHN did not enter into a loss-sharing agreement with the FDIC associated with the MNB purchase.

FHN has accounted for these acquisitions as business combinations in accordance with ASC 805, "Business Combinations," which requires acquired assets and liabilities (other than tax balances) to be recorded at fair value. Generally, the fair value for the acquired loans was estimated using a discounted cash flow analysis with significant unobservable inputs (Level 3) including adjustments for expected credit losses, prepayment speeds, current market rates for similar loans, and an adjustment for investor-required yield given product-type and various risk characteristics (refer to Note 4 - Loans for additional information).

The following schedule details significant assets acquired and liabilities assumed from the FDIC for MNB and estimated purchase accounting/fair value adjustments at June 7, 2013:
		Mountain National Bank
				Purchase Accounting/
		Acquired from			Fair Value		As recorded
(Dollars in thousands)		FDIC			Adjustments		by FHN
Assets:
Cash and cash equivalents		$	54,872		$	-	$	54,872
Interest-bearing cash			26,984			-		26,984
Securities available-for-sale			73,948			(440)		73,508
Loans, net of unearned income			249,001			(33,094)		215,907
Core deposit intangible			-			3,200		3,200
Premises and equipment			10,359			3,755		14,114
Real estate acquired by foreclosure			33,294			(10,930)		22,364
Deferred tax asset			(286)			3,097		2,811
Other assets			3,375			(461)		2,914
	Total assets acquired	$	451,547		$	(34,873)	$	416,674
Liabilities:
Deposits		$	362,098		$	2,000	$	364,098
Securities sold under agreements to repurchase			1,930			-		1,930
Federal Home Loan Bank advances			50,040			5,586		55,626
Other liabilities			2,547			-		2,547
	Total liabilities assumed		416,615			7,586		424,201
Acquired noncontrolling interest			117			57		174
	Total liabilities assumed and acquired noncontrolling interest	$	416,732		$	7,643	$	424,375
Excess of assets acquired over liabilities assumed		$	34,815
Aggregate purchase accounting/fair value adjustments					$	(42,516)
Goodwill							$	7,701

FHN's operating results for 2014 and 2013 include the operating results of the acquired assets and assumed liabilities of MNB subsequent to the acquisition on June 7, 2013.

In relation to the branch acquisition and the MNB acquisition FHN recorded $4.0million and $7.7 million, respectively, in goodwill, representing the excess of the estimated fair value of liabilities assumed over the estimated fair value of the assets acquired (refer to Note 8 Intangible Assets for additional information). Of these amounts, $4.0 million and $4.4 million, respectively, is expected to be deductible for tax purposes.

On October 21, 2014, FHN entered into an agreement with TrustAtlantic Financial Corporation (“TrustAtlantic Financial”) by which TrustAtlanticFinancial will merge into a subsidiary of FHN. TrustAtlantic Financial owns all the capital stock of TrustAtlantic Bank. Trust Atlantic Financial and TrustAtlantic Bank are headquartered in Raleigh, North Carolina. TrustAtlantic Bank has five branches located in North Carolina in the communities of Raleigh, Cary and Greenville. On December 16, 2014 the parties entered into an amendment to the merger agreement. The transaction is expected to close in the first half of 2015, subject to the approval of the shareholders of TrustAtlantic Financial as well as regulatory approvals and other customary conditions to closing.

In addition to the transactions mentioned above, FHN acquires or divests assets from time to time in transactions that are considered business combinations or divestitures but are not material to FHN individually or in the aggregate.

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Investment Securities

12 Months Ended

Dec. 31, 2014

Investment Securities [Abstract]

Investment Securities

Note 3 – Investment Securities

The following tables summarize FHN’s investment securities on December 31, 2014 and 2013:
	December 31, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale ("AFS"):
U.S. treasuries	$	100	$	-	$	-	$	100
Government agency issued mortgage-backed securities ("MBS")		716,618		35,287		(740)		751,165
Government agency issued collateralized mortgage obligations ("CMO")		2,615,620		22,026		(26,380)		2,611,266
Other U.S. government agencies		1,755		52		-		1,807
States and municipalities		10,205		-		-		10,205
Equity and other (a)		182,184		-		(114)		182,070
Total securities available-for-sale (b)	$	3,526,482	$	57,365	$	(27,234)	$	3,556,613
Securities held-to-maturity ("HTM"):
States and municipalities	$	4,292	$	1,112	$	-	$	5,404
Total securities held-to-maturity	$	4,292	$	1,112	$	-	$	5,404

• Includes restricted investments in FHLB-Cincinnati stock of $87.9million and FRB stock of $66.0million. The remainder is money market and cost method investments.
• Includes $3.3billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	December 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale:
U.S. treasuries	$	39,997	$	-	$	(1)	$	39,996
Government agency issued MBS		796,835		32,353		(5,499)		823,689
Government agency issued CMO		2,335,718		12,399		(57,180)		2,290,937
Other U.S. government agencies		2,202		124		-		2,326
States and municipalities		15,155		-		-		15,155
Equity and other (a)		226,376		-		(22)		226,354
Total securities available-for-sale (b)	$	3,416,283	$	44,876	$	(62,702)	$	3,398,457

• Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0million. The remainder is money market, venture capital, and cost method investments.
• Includes $3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity securities portfolios on December 31, 2014, are provided below:
		Held-to-Maturity				Available-for-Sale
		Amortized		Fair		Amortized		Fair
(Dollars in thousands)		Cost		Value		Cost		Value
Within 1 year		$	-	$	-	$	1,755	$	1,807
After 1 year; within 5 years			-		-		1,600		1,600
After 5 years; within 10 years			-		-		-		-
After 10 years			4,292		5,404		8,705		8,705
	Subtotal		4,292		5,404		12,060		12,112
Government agency issued MBS and CMO			-		-		3,332,238		3,362,431
Equity and other			-		-		182,184		182,070
Total		$	4,292	$	5,404	$	3,526,482	$	3,556,613

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.

The table below provides information on gross gains and gross losses from investment securities for the twelve months ended December 31:
	Available-for-Sale
(Dollars in thousands)	2014		2013		2012
Gross gains on sales of securities	$	5,867	$	4,078	$	5,433
Gross (losses) on sales of securities		-		(1,193)		-
Net gain/(loss) on sales of securities (a)	$	5,867	$	2,885	$	5,433
Venture capital investments (b)		(2,995)		-		(4,700)
Net OTTI recorded (c)		-		(1,125)		(40)
Total securities gain/(loss), net	$	2,872	$	1,760	$	693

• Proceeds from sales during 2014 were $9.2 million, inclusive of $1.4 million of equity securities. Proceeds from sales during 2013 and 2012 were $63.8 million and $47.5 million, respectively.
• Includes losses on sales, write-offs and /or unrealized fair value adjustments related to venture capital investments.
• OTTI recorded in 2013 and 2012 is related to equity securities.

The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of December 31, 2014 and 2013:
	As of December 31, 2014
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	179,661	$	(869)	$	964,267	$	(25,511)	$	1,143,928	$	(26,380)
Government agency issued MBS		32,141		(8)		35,849		(732)		67,990		(740)
Total debt securities		211,802		(877)		1,000,116		(26,243)		1,211,918		(27,120)
Equity		967		(80)		9		(34)		976		(114)
Total temporarily impaired securities	$	212,769	$	(957)	$	1,000,125	$	(26,277)	$	1,212,894	$	(27,234)

	As of December 31, 2013
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	1,639,254	$	(57,117)	$	10,010	$	(63)	$	1,649,264	$	(57,180)
Government agency issued MBS		147,792		(5,499)		-		-		147,792		(5,499)
U.S. treasuries		24,997		(1)		-		-		24,997		(1)
Total debt securities		1,812,043		(62,617)		10,010		(63)		1,822,053		(62,680)
Equity		43		(22)		-		-		43		(22)
Total temporarily impaired securities	$	1,812,086	$	(62,639)	$	10,010	$	(63)	$	1,822,096	$	(62,702)

FHN has reviewed investment securities that were in unrealized loss positions in accordance with its accounting policy for OTTI and does not consider them other-than-temporarily impaired. For debt securities with unrealized losses, FHN does not intend to sell them and it is more-likely-than-not that FHN will not be required to sell them prior to recovery. The decline in value is primarily attributable to interest rates and not credit losses. For equity securities, FHN has both the ability and intent to hold these securities for the time necessary to recover the amortized cost.

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Variable Interest Entities (Summary of the Impact of Qualifying LIHTC Investments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Low income housing tax credits [Member]
Variable Interest Entity [Line Items]
Amortization of qualifying LIHTC investments	$ 9,880,000	$ 12,246,000	$ 12,869,000
Affordable Housing Tax Credits and Other Tax Benefits	(9,850,000)	(11,543,000)	(16,268,000)
Other tax benefits related to qualifying LIHTC investments [Member]
Variable Interest Entity [Line Items]
Affordable Housing Tax Credits and Other Tax Benefits	$ (7,438,000)	$ (3,149,000)	$ (4,574,000)

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Allowance

12 Months Ended

Dec. 31, 2014

Loans And Leases Receivable Allowance [Abstract]

Allowance

Note 5 - Allowance for Loan Losses

The ALLLincludes the following components: reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail loans, both determined in accordance with ASC 450-20-50. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics and are subject to qualitative adjustments by management to reflect current events, trends, and conditions (including economic considerations and trends). The pace of the economic recovery, performance of the housing market, unemployment levels, labor participation rate, the regulatory environment, regulatory guidance, and both positive and negative portfolio segment-specific trends, are examples of additional factors considered by management in determining the ALLL. Additionally, management considers the inherent uncertainty of quantitative models that are driven by historical loss data. Management evaluates the periods of historical losses that are the basis for the loss rates used in the quantitative models and selects historical loss periods that are believed to be the most reflective of losses inherent in the loan portfolio as of the balance sheet date. Management also periodically reviews analysis of the loss emergence period which is the amount of time it takes for a loss to be confirmed (initial charge-off) after a loss event has occurred. FHN performs extensive studies as it relates to the historical loss periods used in the model and the loss emergence period and model assumptions are adjusted accordingly.

The ALLL also includes reserves determined in accordance with ASC 310-10-35 for loans determined by management to be individually impaired and an allowance associated with PCI loans.

Commercial

For commercial loans, reserves are established using historical net loss factors by grade level, loan product, and business segment. An assessment of the quality of individual commercial loans is made utilizing credit grades assigned internally based on a dual grading system which estimates both the PD and loss severity in the event of default. PD grades range from 1-16 while estimated loss severities, or LGD grades, range from 1-12. This credit grading system is intended to identify and measure the credit quality of the loan portfolio by analyzing the migration of loans between grading categories. It is also integral to the estimation methodology utilized in determining the allowance for loan losses since an allowance is established for pools of commercial loans based on the credit grade assigned. The appropriate relationship team performs the process of categorizing commercial loans into the appropriate credit grades, initially as a component of the approval of the loan, and subsequently throughout the life of the loan as part of the servicing regimen. The proper loan grade for larger exposures is confirmed by a senior credit officer in the approval process. To determine the most appropriate credit grade for each loan, the credit risk grading system employs scorecards for particular categories of loans that consist of a number of objective and subjective measures that are weighted in a manner that produces a rank ordering of risk within pass-graded credits. Loan grading discipline is regularly reviewed by Credit Risk Assurance to determine if the process continues to result in accurate loan grading across the portfolio.FHN may utilize availability of guarantors/sponsors to support lending decisions during the credit underwriting process and when determining the assignment of internal loan grades.

Retail

The ALLL for smaller-balance homogenous retail loans is determined based on pools of similar loan types that have similar credit risk characteristics. FHN manages retail loan credit risk on a class basis. Reserves by portfolio are determined using segmented roll-rate models that incorporate various factors including historical delinquency trends, experienced loss frequencies, and experienced loss severities. Generally, reserves for retail loans reflect inherent losses in the portfolio that are expected to be recognized over the following twelve months.

Individually Impaired

Generally, classified nonaccrual commercial loans over $1 million and all commercial and consumer loans classified as TDRs are deemed to be impaired and are individually assessed for impairment measurement in accordance with ASC 310-10-35.For all commercial portfolio segments, TDRs and other individually impaired commercial loans are measured based on the present value of expected future payments discounted at the loan’s effective interest rate (the "DCF method”), observable market prices, or for loans that are solely dependent on the collateral for repayment, the net realizable value. For loans measured using the DCF method or by observable market prices, if the recorded investment in the impaired loan exceeds this amount, a specific allowance is established as a component of the ALLL until such time as a loss is expected and recognized; for impaired collateral-dependent loans, FHN will charge off the full difference between the book value and the best estimate of net realizable value. 

Generally, the allowance for TDRs in all consumer portfolio segments is determined by estimating the expected future cash flows using the modified interest rate (if an interest rate concession), incorporating payoff and net charge-off rates specific to the TDRs within the portfolio segment being assessed, and discounted using the pre-modification interest rate. The discount rates of variable rate TDRs are adjusted to reflect changes in the interestrate index to which the rates are tied. The discounted cash flows are then compared to the outstanding principal balance in order to determine required reserves. Residential real estate loans discharged through bankruptcy are collateral-dependent and are charged down to net realizable value.

The following table provides a rollforward of the allowance for loan losses by portfolio segment for December 31, 2014, 2013, and 2012:
				Commercial		Consumer		Permanent		Credit Card
(Dollars in thousands)			C&I	Real Estate		Real Estate		Mortgage		and Other			Total
Balance as of January 1, 2012		$	130,413	$	55,586	$	165,077	$	26,194	$	7,081	$	384,351
Charge-offs (a)			(30,887)		(19,977)		(147,918)		(13,604)		(12,624)		(225,010)
Recoveries			11,151		4,475		17,770		3,024		3,202		39,622
Provision(b)			(14,486)		(20,087)		94,020		9,314		9,239		78,000
Balance as of December 31, 2012			96,191		19,997		128,949		24,928		6,898		276,963
Allowance - individually evaluated for impairment			17,799		156		35,289		21,713		203		75,160
Allowance - collectively evaluated for impairment			78,392		19,841		93,660		3,215		6,695		201,803
Loans, net of unearned as of December 31, 2012:
	Individually evaluated for impairment		123,636		49,517		160,000		120,924		818		454,895
	Collectively evaluated for impairment		8,673,320		1,118,718		5,528,703		644,659		288,287		16,253,687
Total loans, net of unearned		$	8,796,956	$	1,168,235	$	5,688,703	$	765,583	$	289,105	$	16,708,582
Balance as of January 1, 2013		$	96,191	$	19,997	$	128,949	$	24,928	$	6,898	$	276,963
Charge-offs			(22,936)		(3,502)		(73,642)		(9,934)		(11,404)		(121,418)
Recoveries			12,487		4,275		21,360		2,473		2,669		43,264
Provision			704		(10,167)		50,118		5,024		9,321		55,000
Balance as of December 31, 2013			86,446		10,603		126,785		22,491		7,484		253,809
Allowance - individually evaluated for impairment			14,295		1,600		44,173		17,042		224		77,334
Allowance - collectively evaluated for impairment			72,132		8,218		82,601		5,449		7,258		175,658
Allowance - purchase credit impaired loans			19		785		11		-		2		817
Loans, net of unearned as of December 31, 2013:
	Individually evaluated for impairment		80,231		27,812		170,422		121,458		545		400,468
	Collectively evaluated for impairment		7,836,250		1,066,639		5,162,060		540,784		336,047		14,941,780
	Purchased credit-impaired loans		7,095		38,828		889		-		14		46,826
Total loans, net of unearned		$	7,923,576	$	1,133,279	$	5,333,371	$	662,242	$	336,606	$	15,389,074
Balance as of January 1, 2014		$	86,446	$	10,603	$	126,785	$	22,491	$	7,484	$	253,809
Charge-offs			(20,492)		(3,741)		(45,391)		(5,891)		(14,931)		(90,446)
Recoveries			9,666		4,150		22,824		2,314		3,131		42,085
Provision			(8,609)		7,562		8,793		208		19,046		27,000
Balance as of December 31, 2014			67,011		18,574		113,011		19,122		14,730		232,448
Allowance - individually evaluated for impairment			5,173		796		40,778		16,627		254		63,628
Allowance - collectively evaluated for impairment			61,806		14,702		72,156		2,495		14,476		165,635
Allowance - purchased credit-impaired loans			32		3,076		77		-		-		3,185
Loans, net of unearned as of December 31, 2014:
	Individually evaluated for impairment		35,698		19,430		173,225		113,459		533		342,345
	Collectively evaluated for impairment		8,966,512		1,222,658		4,874,171		425,502		357,588		15,846,431
	Purchased credit-impaired loans		5,076		35,629		675		-		10		41,390
Total loans, net of unearned		$	9,007,286	$	1,277,717	$	5,048,071	$	538,961	$	358,131	$	16,230,166

• 2012 includes approximately $33 million of charge-offs associated with discharged bankruptcies, largely included in the consumer real estate portfolio segment.
• 2012 includes approximately $23 million of loan loss provision related to dischargedbankruptcies.

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Restructuring, Repositioning, And Efficiency (Tables)

12 Months Ended

Dec. 31, 2014

Restructuring And Related Activities [Abstract]

Schedule Of Restructuring And Repositioning Liability

Activity in the restructuring and repositioning liability for the years ended December 31, 2014, 2013, and 2012 is presented in the following table, along with other restructuring and repositioning expenses recognized.
		2014				2013				2012
(Dollars in thousands)		Expense		Liability		Expense		Liability		Expense		Liability
Beginning balance				$	3,126			$	19,775			$	12,026
Severance and other employee related costs		$	2,641		2,641	$	3,691		3,691	$	22,897		22,897
Facility consolidation costs			4,696		4,696		131		131		46		46
Other exit costs, professional fees, and other			-		-		-		-		111		111
Total accrued			7,337		10,463		3,822		23,597		23,054		35,080
Payments related to:
	Severance and other employee related costs				2,678				19,051				12,138
	Facility consolidation costs				1,067				677				1,884
	Other exit costs, professional fees, and other				-				-				15
Accrual reversals					30				743				1,268
	Restructuring and repositioning reserve balance			$	6,688			$	3,126			$	19,775
Other restructuring and repositioning expense:
	Mortgage banking expense on servicing sales		(553)				2,192				2,635
	(Gains)/losses on divestitures		-				(1,000)				(865)
	Impairment of premises and equipment		222				385				22
	Impairment of other assets		-				-				12
	Other		-				(96)				-
	Total other restructuring and repositioning expense		(331)				1,481				1,804
Total restructuring and repositioning charges		$	7,006			$	5,303			$	24,858

Schedule Of Cumulative Costs Associated With Restructuring, Repositioning, And Efficiency Initiatives

FHN began initiatives related to restructuring in second quarter 2007. The following table presents cumulative amounts incurred to date through December 31, 2014, for costs associated with FHN’s restructuring, repositioning, and efficiency initiatives:
(Dollars in thousands)		Total Expense
Severance and other employee related costs			$	107,025
Facility consolidation costs				45,523
Other exit costs, professional fees, and other				19,165
Other restructuring and repositioning expense:
	Loan portfolio divestiture			7,672
	Mortgage banking expense on servicing sales			25,449
	(Gains)/losses on divestitures			(718)
	Impairment of premises and equipment			23,004
	Impairment of intangible assets			48,231
	Impairment of other assets			40,504
	Other			7,478
Total restructuring and repositioning charges incurred to date as of December 31, 2014			$	323,333

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Contingencies And Other Disclosures (Schedule Of Original Purchase Amount Of Investments Subject To Litigation) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 25, 2014
Alternativea Mortgage Loan Pools [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	$ 477,035
Ending balance of the investments at issue		$ 170,668
Alternativea Mortgage Loan Pools [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Alternativea Mortgage Loan Pools [Member] | 2005 [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	200,117
Ending balance of the investments at issue		51,564
Alternativea Mortgage Loan Pools [Member] | 2005 [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Alternativea Mortgage Loan Pools [Member] | 2006 [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	77,906
Ending balance of the investments at issue		33,066
Alternativea Mortgage Loan Pools [Member] | 2006 [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Alternativea Mortgage Loan Pools [Member] | 2007 [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	199,012
Ending balance of the investments at issue		86,038
Alternativea Mortgage Loan Pools [Member] | 2007 [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Jumbo Mortgage Loans [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	80,000
Ending balance of the investments at issue		25,053
Jumbo Mortgage Loans [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Jumbo Mortgage Loans [Member] | 2005 [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	30,000
Ending balance of the investments at issue		10,342
Jumbo Mortgage Loans [Member] | 2005 [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Jumbo Mortgage Loans [Member] | 2006 [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Jumbo Mortgage Loans [Member] | 2006 [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue		0
Jumbo Mortgage Loans [Member] | 2007 [Member] | Senior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	50,000
Ending balance of the investments at issue		14,711
Jumbo Mortgage Loans [Member] | 2007 [Member] | Junior Investor Rank [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	$ 0
Ending balance of the investments at issue		$ 0

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Loans (Schedule Of Troubled Debt Restructurings Within The Previous 12 Months) (Details)	12 Months Ended
	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($) number
General C I [Member]
Financing Receivable, Modifications [Line Items]
Number | number	6	11
Recorded Investment	$ 869,000	$ 6,705,000
Income C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number	4	4
Recorded Investment	$ 3,086,000	$ 1,548,000
Residential C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	1
Recorded Investment	$ 0	$ 33,000
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Number | number	7	13
Recorded Investment	$ 485,000	$ 604,000
R E Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number | number	9	8
Recorded Investment	$ 530,000	$ 428,000
Commercial Financial And Industrial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	6	11
Recorded Investment	$ 869,000	$ 6,705,000
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	4	5
Recorded Investment	$ 3,086,000	$ 1,581,000
Consumer Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	16	21
Recorded Investment	$ 1,015,000	$ 1,032,000
Credit Card And Other Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	2	17
Recorded Investment	$ 4,000	$ 65,000
Troubled Debt Restructurings That Subsequently Defaulted [Member]
Financing Receivable, Modifications [Line Items]
Number | number	31	71
Recorded Investment	$ 6,102,000	$ 17,215,000
Permanent Mortgage Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	3	17
Recorded Investment	$ 1,128,000	$ 7,832,000

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Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Change In Accounting Estimate [Line Items]
Real estate acquired by foreclosure	$ 39,922,000	$ 71,562,000
Foreclosed Properties Acquired In Compliance With Hud Servicing Guidelines [Member]
Change In Accounting Estimate [Line Items]
Real estate acquired by foreclosure	$ 9,500,000
Deposit Bases Member [Member]
Change In Accounting Estimate [Line Items]
Intangible assets, amortized period	10 years
Minimum [Member] | Building [Member]
Change In Accounting Estimate [Line Items]
Useful life of premises and equipment	7 years
Minimum [Member] | Furniture And Fixtures [Member]
Change In Accounting Estimate [Line Items]
Useful life of premises and equipment	3 years
Minimum [Member] | Non Accruing [Member]
Change In Accounting Estimate [Line Items]
Impaired commercial loans	$ 1,000,000
Maximum [Member] | Building [Member]
Change In Accounting Estimate [Line Items]
Useful life of premises and equipment	45 years
Maximum [Member] | Furniture And Fixtures [Member]
Change In Accounting Estimate [Line Items]
Useful life of premises and equipment	15 years

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Term Borrowings (Schedule Of Annual Principal Repayment Requirements) (Details) $ in Thousands	Dec. 31, 2014 USD ($)
Long Term Debt [Abstract]
2015	$ 804,000
2016	250,000
2017	0
2018	7,301
2019	400,000
2020 and after	$ 392,058

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Fair Value Of Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Of Assets And Liabilities [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

Recurring Fair Value Measurements
The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014:
			December 31, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	115,908	$	-	$	115,908
	Government agency issued MBS			-		330,443		-		330,443
	Government agency issued CMO			-		188,632		-		188,632
	Other U.S. government agencies			-		127,263		-		127,263
	States and municipalities			-		54,647		-		54,647
	Trading Loans			-		15,088		-		15,088
	Corporate and other debt			-		354,178		5		354,183
	Equity, mutual funds, and other			-		2,590		-		2,590
		Total trading securities - capital markets		-		1,188,749		5		1,188,754
Trading securities - mortgage banking:
	Principal only			-		-		4,137		4,137
	Interest only			-		-		167		167
	Subordinated bonds			-		-		1,333		1,333
		Total trading securities - mortgage banking		-		-		5,637		5,637
Loans held-for-sale				-		-		27,910		27,910
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		751,165		-		751,165
	Government agency issued CMO			-		2,611,266		-		2,611,266
	Other U.S. government agencies			-		-		1,807		1,807
	States and municipalities			-		8,705		1,500		10,205
	Equity, mutual funds, and other			26,264		-		-		26,264
		Total securities available-for-sale		26,264		3,371,236		3,307		3,400,807
Mortgage servicing rights				-		-		2,517		2,517
Other assets:
	Deferred compensation assets			25,665		-		-		25,665
	Derivatives, forwards and futures			2,345		-		-		2,345
	Derivatives, interest rate contracts			-		131,631		-		131,631
	Derivatives, other			-		112		-		112
		Total other assets		28,010		131,743		-		159,753
		Total assets	$	54,274	$	4,691,728	$	39,376	$	4,785,378
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	286,016	$	-	$	286,016
	Other U.S. government agencies			-		1,958		-		1,958
	Corporate and other debt			-		306,341		-		306,341
		Total trading liabilities - capital markets		-		594,315		-		594,315
Other liabilities:
	Derivatives, forwards and futures			2,035		-		-		2,035
	Derivatives, interest rate contracts			-		111,964		-		111,964
	Derivatives, other			-		-		5,240		5,240
		Total other liabilities		2,035		111,964		5,240		119,239
		Total liabilities	$	2,035	$	706,279	$	5,240	$	713,554

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:
			December 31, 2013
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	70,472	$	-	$	70,472
	Government agency issued MBS			-		231,398		-		231,398
	Government agency issued CMO			-		55,515		-		55,515
	Other U.S. government agencies			-		108,265		-		108,265
	States and municipalities			-		30,814		-		30,814
	Corporate and other debt			-		297,440		5		297,445
	Equity, mutual funds, and other			-		614		-		614
		Total trading securities - capital markets		-		794,518		5		794,523
Trading securities - mortgage banking:
	Principal only			-		-		5,110		5,110
	Interest only			-		-		2,085		2,085
		Total trading securities - mortgage banking		-		-		7,195		7,195
Loans held-for-sale				-		-		230,456		230,456
Securities available-for-sale:
	U.S. treasuries			-		39,996		-		39,996
	Government agency issued MBS			-		823,689		-		823,689
	Government agency issued CMO			-		2,290,937		-		2,290,937
	Other U.S. government agencies			-		-		2,326		2,326
	States and municipalities			-		13,655		1,500		15,155
	Venture capital			-		-		4,300		4,300
	Equity, mutual funds, and other			23,259		-		-		23,259
		Total securities available-for-sale		23,259		3,168,277		8,126		3,199,662
Mortgage servicing rights				-		-		72,793		72,793
Other assets:
	Deferred compensation assets			23,880		-		-		23,880
	Derivatives, forwards and futures			3,020		-		-		3,020
	Derivatives, interest rate contracts			-		178,846		-		178,846
		Total other assets		26,900		178,846		-		205,746
		Total assets	$	50,159	$	4,141,641	$	318,575	$	4,510,375
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	210,096	$	-	$	210,096
	Government agency issued MBS			-		854		-		854
	Other U.S. government agencies			-		3,900		-		3,900
	Corporate and other debt			-		153,498		-		153,498
		Total trading liabilities - capital markets		-		368,348		-		368,348
Other liabilities:
	Derivatives, forwards and futures			4,343		-		-		4,343
	Derivatives, interest rate contracts			-		147,021		-		147,021
	Derivatives, other			-		1		2,915		2,916
		Total other liabilities		4,343		147,022		2,915		154,280
		Total liabilities	$	4,343	$	515,370	$	2,915	$	522,628

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value

Changes in Recurring Level 3 Fair Value Measurements
The changes in Level 3 assets and liabilities measured at fair value for the twelve months ended December 31, 2014, 2013, and 2012, on a recurring basis are summarized as follows:
			Twelve Months Ended December 31, 2014
											Securities available-for-sale				Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		149				52,494				-		(2,995)			1,248				(5,981)
		Other comprehensive income / (loss)		-				-				(64)		-			-				-
	Purchases			1,559				5,654				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			(1,715)				(236,975)				-		(5)			(70,204)				-
	Settlements			(1,550)				(19,806)				(455)		(1,300)			(1,320)				3,656
	Net transfers into/(out of) Level 3			-				(3,913)	(b)			-		-			-				-
Balance on December 31, 2014			$	5,643			$	27,910			$	3,307	$	-		$	2,517			$	(5,240)
Net unrealized gains/(losses) included in net income			$	225	(a)		$	1,991	(a)		$	-	$	-		$	43	(a)		$	(5,981)	(c)

			Twelve Months Ended December 31, 2013
											Securities available-for-sale				Mortgage								Other
			Trading			Loans held-				Investment			Venture		servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities				borrowings
Balance on January 1, 2013			$	17,992			$	221,094			$	5,253	$	4,300		$	114,311			$	(2,175)			$	(11,156)
	Total net gains/(losses) included in:
		Net income		5,028				(4,387)				-		-			20,182				(2,013)				(3)
		Other comprehensive income /(loss)		-				-				(114)		-			-				-				-
	Purchases			-				69,929				-		-			-				-				-
	Issuances			-				-				-		-			-				-				-
	Sales			(7,784)				-				-		-			(39,633)				-				11,159
	Settlements			(8,036)				(40,369)				(1,313)		-			(22,067)				1,273				-
	Net transfers into/(out of) Level 3			-				(15,811)	(b)			-		-			-				-				-
Balance on December 31, 2013			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)			$	-
Net unrealized gains/(losses) included in net income			$	1,237	(a)		$	(4,387)	(a)		$	-	$	-		$	17,394	(a)		$	2,013	(c)		$	-	(a)

				Twelve Months Ended December 31, 2012
										Securities available-for-sale						Mortgage								Other
			Trading			Loans held-				Investment			Venture			servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			capital			rights				liabilities				borrowings
Balance on January 1, 2012			$	18,059			$	210,487			$	7,262	$	12,179			$	144,069			$	(11,820)			$	(14,833)
Total net gains/(losses) included in:
		Net income		3,678				(2,618)				-		371				(5,075)				(1,757)				3,677
		Other comprehensive income		-				-				(234)		-				-				-				-
	Purchases			-				60,111				-		-				-				-				-
	Sales			-				-				-		(8,250)				-				-				-
	Settlements			(9,225)				(27,032)				(1,775)		-				(24,683)				11,402				-
	Net transfers into/(out of) Level 3			5,480				(19,854)	(b)			-		-				-				-				-
Balance on December 31, 2012			$	17,992			$	221,094			$	5,253	$	4,300			$	114,311			$	(2,175)			$	(11,156)
Net unrealized gains/(losses) included in net income			$	2,084	(a)		$	(2,618)	(a)		$	-	$	(4,700)	(d)		$	(3,957)	(a)		$	(1,757)	(c)		$	3,677	(a)

• Primarily included in mortgage banking income on the Consolidated Statements of Income.
• Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
• Included in Other expense.
• Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.

Nonrecurring Fair Value Measurements

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at December 31, 2014, 2013, and 2012, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Twelve Months Ended
	Carrying value at December 31, 2014								December 31, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	3,322	$	-	$	3,322	$	46
Loans held-for-sale - first mortgages		-		-		846		846		(470)
Loans, net of unearned income (a)		-		-		40,531		40,531		(714)
Real estate acquired by foreclosure (b)		-		-		30,430		30,430		(3,465)
Other assets (c)		-		-		28,660		28,660		(2,087)
									$	(6,690)
									Twelve Months Ended
	Carrying value at December 31, 2013								December 31, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	6,185	$	-	$	6,185	$	(122)
Loans held-for-sale - first mortgages		-		-		9,457		9,457		139
Loans, net of unearned income (a)		-		-		62,839		62,839		(3,109)
Real estate acquired by foreclosure (b)		-		-		45,753		45,753		(4,987)
Other assets (c)		-		-		30,810		30,810		(2,021)
									$	(10,100)
									Twelve Months Ended
	Carrying value at December 31, 2012								December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	23,902	$	-	$	23,902	$	15
Loans held-for-sale - first mortgages		-		-		12,054		12,054		(436)
Loans, net of unearned income (a)		-		-		117,064		117,064		(55,948)
Real estate acquired by foreclosure (b)		-		-		41,767		41,767		(9,422)
Other assets (c)		-		-		32,370		32,370		(4,478)
									$	(70,269)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments accounted for under the equity method.

Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements

Level 3 Measurements
The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of December 31, 2014 and 2013:
(Dollars in Thousands)
	Fair Value at
Level 3 Class	December 31, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	5,637	Discounted cash flow	Prepayment speeds	41% - 46%
				Discount rate	8% - 56%
Loans held-for-sale - residential real estate		28,756	Discounted cash flow	Prepayment speeds - First mortgage	2% - 12%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	50% - 60%
				Loss severity trends - First mortgage	10% - 70% of UPB
				Loss severity trends - HELOC	45% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Mortgage servicing rights (a)		2,517	Discounted cash flow	Prepayment speeds	15.2 CPR
				Discount rate	9.8%
				Cost to service	$141.40/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		5,240	Discounted cash flow	Visa covered litigation resolution amount	$4.8 billion - $5.6 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 48 months
Loans, net of unearned income (b)		40,531	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		30,430	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		28,660	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

• The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.
• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments accounted for under the equity method.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	December 31, 2013		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	7,195	Discounted cash flow	Prepayment speeds	38% - 45%
				Discount rate	NM
Loans held-for-sale - residential real estate		239,913	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	3% - 12%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw Rate - HELOC	2% - 11%
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights (a)		72,793	Discounted cash flow	Prepayment speeds	19.7 CPR
				Discount rate	8.6%
				Cost to service	$162.00/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		2,915	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.0 billion
				Probability of resolution scenarios	15% - 45%
				Time until resolution	6 - 30 months
Loans, net of unearned income (b)		62,839	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction Values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		45,753	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		30,810	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policiesfor additional information.

NM – not meaningful

• The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.
• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments accounted for under the equity method.

Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount

The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
		December 31, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	27,910	$	43,822		$	(15,912)
	Nonaccrual loans		7,430		14,316			(6,886)
	Loans 90 days or more past due and still accruing		2,587		4,000			(1,413)
		December 31, 2013
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	230,456	$	378,326		$	(147,870)
	Nonaccrual loans		64,231		137,301			(73,070)
	Loans 90 days or more past due and still accruing		7,765		15,854			(8,089)

Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings

Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:
				Twelve Months Ended
				December 31
(Dollars in thousands)				2014		2013		2012
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	52,494	$	(4,387)	$	(2,618)
		Other short-term borrowings		-		(3)		3,677

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Statements of Condition as well as unfunded commitments as of December 31,2014 and 2013.

			December 31, 2014
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	8,940,275	$	-	$	-	$	8,902,045	$	8,902,045
		Commercial real estate		1,259,143		-		-		1,243,404		1,243,404
	Retail:
		Consumer real estate		4,935,060		-		-		4,747,761		4,747,761
		Permanent mortgage		519,839		-		-		483,179		483,179
		Credit card & other		343,401		-		-		345,198		345,198
Total loans, net of unearned income and allowance for loan losses				15,997,718		-		-		15,721,587		15,721,587
Short-term financial assets
	Interest-bearing cash			1,621,967		1,621,967		-		-		1,621,967
	Federal funds sold			63,080		-		63,080		-		63,080
	Securities purchased under agreements to resell			659,154		-		659,154		-		659,154
Total short-term financial assets				2,344,201		1,621,967		722,234		-		2,344,201
Trading securities (a)				1,194,391		-		1,188,749		5,642		1,194,391
Loans held-for-sale (a)				141,285		-		3,322		137,963		141,285
Securities available-for-sale (a) (b)				3,556,613		26,264		3,371,236		159,113		3,556,613
Securities held-to-maturity				4,292		-		-		5,404		5,404
Derivative assets (a)				134,088		2,345		131,743		-		134,088
Other assets
	Tax credit investments			82,907		-		-		65,314		65,314
	Deferred compensation assets			25,665		25,665		-		-		25,665
Total other assets				108,572		25,665		-		65,314		90,979
Nonearning assets
	Cash & due from banks			349,171		349,171		-		-		349,171
	Capital markets receivables			42,488		-		42,488		-		42,488
	Accrued interest receivable			67,301		-		67,301		-		67,301
Total nonearning assets				458,960		349,171		109,789		-		458,960
Total assets			$	23,940,120	$	2,025,412	$	5,527,073	$	16,095,023	$	23,647,508
Liabilities:
Deposits:
	Defined maturity		$	1,276,938	$	-	$	1,282,833	$	-	$	1,282,833
	Undefined maturity			16,792,001		-		16,792,001		-		16,792,001
Total deposits				18,068,939		-		18,074,834		-		18,074,834
Trading liabilities (a)				594,314		-		594,315		-		594,315
Short-term financial liabilities
	Federal funds purchased			1,037,052		-		1,037,052		-		1,037,052
	Securities sold under agreements to repurchase			562,214		-		562,214		-		562,214
	Other short-term borrowings			157,218		-		157,218		-		157,218
Total short-term financial liabilities				1,756,484		-		1,756,484		-		1,756,484
Term borrowings
	Real estate investment trust-preferred			45,896		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		18,049		18,049
	Borrowings secured by residential real estate			65,612		-		-		56,623		56,623
	Other long term borrowings			1,750,597		-		1,730,061		-		1,730,061
Total term borrowings				1,880,105		-		1,730,061		124,022		1,854,083
Derivative liabilities (a)				119,239		2,035		111,964		5,240		119,239
Other noninterest-bearing liabilities
	Capital markets payables			18,157		-		18,157		-		18,157
	Accrued interest payable			23,995		-		23,995		-		23,995
Total other noninterest-bearing liabilities				42,152		-		42,152		-		42,152
Total liabilities			$	22,461,233	$	2,035	$	22,309,810	$	129,262	$	22,441,107

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policiesfor additional information.

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

			December 31, 2013
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	7,837,130	$	-	$	-	$	7,759,902	$	7,759,902
		Commercial real estate		1,122,676		-		-		1,075,385		1,075,385
	Retail:
		Consumer real estate		5,206,586		-		-		4,858,031		4,858,031
		Permanent mortgage		639,751		-		-		606,038		606,038
		Credit card & other		329,122		-		-		331,088		331,088
Total loans, net of unearned income and allowance for loan losses				15,135,265		-		-		14,630,444		14,630,444
Short-term financial assets
	Interest-bearing cash			730,297		730,297		-		-		730,297
	Federal funds sold			66,079		-		66,079		-		66,079
	Securities purchased under agreements to resell			412,614		-		412,614		-		412,614
Total short-term financial assets				1,208,990		730,297		478,693		-		1,208,990
Trading securities (a)				801,718		-		794,518		7,200		801,718
Loans held-for-sale (a)				370,152		-		6,185		363,967		370,152
Securities available-for-sale (a) (b)				3,398,457		23,259		3,168,277		206,921		3,398,457
Derivative assets (a)				181,866		3,020		178,846		-		181,866
Other assets
	Tax credit investments			88,612		-		-		75,926		75,926
	Deferred compensation assets			23,880		23,880		-		-		23,880
Total other assets				112,492		23,880		-		75,926		99,806
Nonearning assets
	Cash & due from banks			349,216		349,216		-		-		349,216
	Capital markets receivables			45,255		-		45,255		-		45,255
	Accrued interest receivable			69,208		-		69,208		-		69,208
Total nonearning assets				463,679		349,216		114,463		-		463,679
Total assets			$	21,672,619	$	1,129,672	$	4,740,982	$	15,284,458	$	21,155,112
Liabilities:
Deposits:
	Defined maturity		$	1,505,712	$	-	$	1,520,950	$	-	$	1,520,950
	Undefined maturity			15,229,244		-		15,229,244		-		15,229,244
Total deposits				16,734,956		-		16,750,194		-		16,750,194
Trading liabilities (a)				368,348		-		368,348		-		368,348
Short-term financial liabilities
	Federal funds purchased			1,042,633		-		1,042,633		-		1,042,633
	Securities sold under agreements to repurchase			442,789		-		442,789		-		442,789
	Other short-term borrowings			181,146		-		181,146		-		181,146
Total short-term financial liabilities				1,666,568		-		1,666,568		-		1,666,568
Term borrowings
	Real estate investment trust-preferred			45,828		-		-		47,000		47,000
	Term borrowings - new market tax credit investment			18,000		-		-		17,685		17,685
	Borrowings secured by residential real estate			310,833		-		-		268,249		268,249
	Other long term borrowings			1,365,198		-		1,372,646		-		1,372,646
Total term borrowings				1,739,859		-		1,372,646		332,934		1,705,580
Derivative liabilities (a)				154,280		4,343		147,022		2,915		154,280
Other noninterest-bearing liabilities
	Capital markets payables			21,173		-		21,173		-		21,173
	Accrued interest payable			23,813		-		23,813		-		23,813
Total other noninterest-bearing liabilities				44,986		-		44,986		-		44,986
Total liabilities			$	20,708,997	$	4,343	$	20,349,764	$	335,849	$	20,689,956
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
Unfunded Commitments:
Loan commitments	$	7,309,137	$	7,469,553	$	2,358	$	1,923
Standby and other commitments		331,877		318,149		4,451		4,653
Certain previously reported amounts have been reclassified to agree with current presentation.

XML

Parent Company Financial Information (Schedule Of Condensed Statements Of Condition) (Details) - USD ($)	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Assets:
Interest-bearing cash	$ 1,621,967,000		$ 730,297,000
Securities available for sale	3,556,613,000	[1]	3,398,457,000	[2]
Allowance for loan losses	(232,448,000)		(253,809,000)		$ (276,963,000)	$ (384,351,000)
Investments in subsidiaries:
Other assets	1,383,055,000		1,680,044,000
Total assets	25,668,187,000		23,784,493,000
Liabilities and equity:
Other short-term borrowings	157,218,000		181,146,000
Term borrowings	1,880,105,000		1,739,859,000
Total liabilities	23,086,597,000		21,296,116,000
Total equity	2,581,590,000		2,488,377,000		2,499,530,000	2,674,018,000
Total liabilities and equity	25,668,187,000		23,784,493,000
Parent Company [Member]
Assets:
Cash	167,562,000		81,271,000		$ 20,421,000	$ 16,816,000
Interest-bearing cash	0		15,800,000
Securities available for sale	2,634,000		1,643,000
Notes receivable	3,460,000		3,610,000
Allowance for loan losses	(925,000)		(925,000)
Investments in subsidiaries:
Bank	3,057,156,000		3,028,125,000
Non-bank	17,870,000		18,044,000
Other assets	195,898,000		207,497,000
Total assets	3,443,655,000		3,355,065,000
Liabilities and equity:
Other short-term borrowings	3,000,000		0
Accrued employee benefits and other liabilities	138,233,000		158,090,000
Term borrowings	720,832,000		708,598,000
Total liabilities	862,065,000		866,688,000
Total equity	2,581,590,000		2,488,377,000
Total liabilities and equity	$ 3,443,655,000		$ 3,355,065,000

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

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Mortgage Servicing Rights (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Participating Mortgage Loans [Line Items]
Total MSR recognized by FHN	$ 2,517,000	$ 72,793,000	$ 114,311,000
Total value of MSR decline		(41,500,000)
Change in valuation related to higher interest rates and the terms of the servicing sale agreement		$ (20,100,000)
Percentage of single-family mortgage loans received as fees		0.31%
Percentage of outstanding balance generating for annual servicing inclusive excess interests		0.34%
Mortgage Servicing Rights Sale	(70,204,000)	$ (39,633,000)	0
Capitalized MSR
Participating Mortgage Loans [Line Items]
Unpaid principal of mortgage loans serviced by FHN		10,000,000,000
Mortgage Banking Income
Participating Mortgage Loans [Line Items]
Servicing, late, and other ancillary fees	$ 21,100,000	41,900,000	58,900,000
Other Income And Commissions
Participating Mortgage Loans [Line Items]
Servicing, late, and other ancillary fees		$ 1,700,000	$ 2,000,000

XML

Pension, Savings, And Other Employee Benefits (Schedule Of Fair Value Of Assets And Liabilities)(Details) - Pension Plan [Member] - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 695,549,000	$ 640,605,000
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	16,620,000	73,181,000
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	678,929,000	567,424,000
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Cash Equivalents And Money Market Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	5,817,000	9,347,000
Cash Equivalents And Money Market Funds [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	5,817,000	9,347,000
Cash Equivalents And Money Market Funds [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Cash Equivalents And Money Market Funds [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Equity Securities [Member] | U S Mid And Small Capital [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	10,803,000	63,834,000
Equity Securities [Member] | U S Mid And Small Capital [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	10,803,000	63,834,000
Equity Securities [Member] | U S Mid And Small Capital [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Equity Securities [Member] | U S Mid And Small Capital [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Fixed Income Securities [Member] | U S Treasury Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	3,684,000	4,585,000
Fixed Income Securities [Member] | U S Treasury Securities [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Fixed Income Securities [Member] | U S Treasury Securities [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	3,684,000	4,585,000
Fixed Income Securities [Member] | U S Treasury Securities [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Fixed Income Securities [Member] | Foreign Corporate Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	230,808,000	199,896,000
Fixed Income Securities [Member] | Foreign Corporate Debt Securities [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Fixed Income Securities [Member] | Foreign Corporate Debt Securities [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	230,808,000	199,896,000
Fixed Income Securities [Member] | Foreign Corporate Debt Securities [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Common And Collective Funds [Member] | U S Mid And Small Capital [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	39,449,000
Common And Collective Funds [Member] | U S Mid And Small Capital [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0
Common And Collective Funds [Member] | U S Mid And Small Capital [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	39,449,000
Common And Collective Funds [Member] | U S Mid And Small Capital [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0
Common And Collective Funds [Member] | Foreign Corporate Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	231,666,000	205,580,000
Common And Collective Funds [Member] | Foreign Corporate Debt Securities [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Common And Collective Funds [Member] | Foreign Corporate Debt Securities [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	231,666,000	205,580,000
Common And Collective Funds [Member] | Foreign Corporate Debt Securities [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Common And Collective Funds [Member] | U S Large Capital [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	119,234,000	102,702,000
Common And Collective Funds [Member] | U S Large Capital [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Common And Collective Funds [Member] | U S Large Capital [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	119,234,000	102,702,000
Common And Collective Funds [Member] | U S Large Capital [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Common And Collective Funds [Member] | International [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	54,088,000	54,661,000
Common And Collective Funds [Member] | International [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0
Common And Collective Funds [Member] | International [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	54,088,000	54,661,000
Common And Collective Funds [Member] | International [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 0	$ 0

XML

Derivatives

12 Months Ended

Dec. 31, 2014

Derivatives [Abstract]

Derivatives

Note 23 – Derivatives

In the normal course of business, FHN utilizes various financial instruments (including derivative contracts and credit-related agreements) through its capital markets and risk management operations, as part of its risk management strategy and as a means to meet customers’ needs. Additionally, FHN used derivatives to hedge MSR, but such hedges were terminated in third quarter 2013 when FHN entered into an agreement to sell substantially all MSR.Derivative instruments are subject to credit and market risks in excess of the amount recorded on the balance sheet as required by GAAP. The contractual or notional amounts of these financial instruments do not necessarily represent credit or market risk. However, they can be used to measure the extent of involvement in various types of financial instruments. Controls and monitoring procedures for these instruments have been established and are routinely reevaluated. The Asset/Liability Committee (“ALCO”) controls, coordinates, and monitors the usage and effectiveness of these financial instruments.

Credit risk represents the potential loss that may occur if a party to a transaction fails to perform according to the terms of the contract. The measure of credit exposure is the replacement cost of contracts with a positive fair value. FHN manages credit risk by entering into financial instrument transactions through national exchanges, primary dealers or approved counterparties, and by using mutual margining and master netting agreements whenever possible to limit potential exposure. FHN also maintains collateral posting requirements with certain counterparties to limit credit risk. On December 31, 2014 and 2013, respectively, FHN had $91.7 million and $115.2 million of cash receivables and $55.6 million and $80.6 million of cash payables related to collateral posting under master netting arrangements, inclusive of collateral posted related to contracts with adjustable collateral posting thresholds and over collateralized positions, with derivative counterparties. With exchange-traded contracts, the credit risk is limited to the clearinghouse used. For non-exchange traded instruments, credit risk may occur when there is a gain in the fair value of the financial instrument and the counterparty fails to perform according to the terms of the contract and/or when the collateral proves to be of insufficient value. See additional discussion regarding master netting agreements and collateral posting requirements later in this note under the heading “Master Netting and Similar Agreements.” Market risk represents the potential loss due to the decrease in the value of a financial instrument caused primarily by changes in interest rates or the prices of debt instruments. FHN manages market risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. FHN continually measures this risk through the use of models that measure value-at-risk and earnings-at-risk.

Derivative Instruments. FHN enters into various derivative contracts both in a dealer capacity, to facilitate customer transactions, and as a risk management tool. Where contracts have been created for customers, FHN enters into transactions with dealers to offset its risk exposure. Contracts with dealers that require central clearing are novated to a clearing agent who becomes FHN's counterparty. Derivatives are also used as a risk management tool to hedge FHN’s exposure to changes in interest rates or other defined market risks.

Forward contracts are over-the-counter contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Futures contracts are exchange-traded contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Interest rate option contracts give the purchaser the right, but not the obligation, to buy or sell a specified quantity of a financial instrument, at a specified price, during a specified period of time. Caps and floors are options that are linked to a notional principal amount and an underlying indexed interest rate. Interest rate swaps involve the exchange of interest payments at specified intervals between two parties without the exchange of any underlying principal. Swaptions are options on interest rate swaps that give the purchaser the right, but not the obligation, to enter into an interest rate swap agreement during a specified period of time.

Capital Markets

Capital markets trades U.S. Treasury, U.S. Agency, mortgage-backed, corporate and municipal fixed income securities, and other securities for distribution to customers. When these securities settle on a delayed basis, they are considered forward contracts. Capital markets also enters into interest rate contracts, including caps, swaps, and floors, for its customers. In addition, capital markets enters into futures and option contracts to economically hedge interest rate risk associated with a portion of its securities inventory. These transactions are measured at fair value, with changes in fair value recognized currently in Capital markets noninterest income. Related assets and liabilities are recorded on the Consolidated Statements of Condition as Derivative assets and Derivative liabilities. The FTN Financial Risk Committee and the Credit Risk Management Committee collaborate to mitigate credit risk related to these transactions. Credit risk is controlled through credit approvals, risk control limits, and ongoing monitoring procedures. Total trading revenues were $170.3 million and $231.9 million for the years endedDecember 31, 2014 and 2013, respectively. Total revenues are inclusive of both derivative and non-derivative financial instruments, and are included in Capital markets noninterest income.

The following tables summarize FHN’s derivatives associated with capital markets trading activities as of December 31, 2014 and 2013:
	December 31, 2014
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,754,939		$	76,614		$	3,681
Offsetting Upstream Interest Rate Contracts		1,754,939			3,681			76,614
Option Contracts Purchased		15,000			12			-
Forwards and Futures Purchased		884,439			1,383			459
Forwards and Futures Sold		1,175,667			962			1,576

	December 31, 2013
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,786,532		$	76,980		$	11,214
Offsetting Upstream Interest Rate Contracts		1,786,532			11,214			76,980
Option Contracts Purchased		5,000			9			-
Forwards and Futures Purchased		1,278,331			2,489			824
Forwards and Futures Sold		1,445,656			531			3,519

Interest Rate Risk Management

FHN’s ALCO focuses on managing market risk by controlling and limiting earnings volatility attributable to changes in interest rates. Interest rate risk exists to the extent that interest-earning assets and interest-bearing liabilities have different maturity or repricing characteristics. FHN uses derivatives, including swaps, caps, options, and collars, that are designed to moderate the impact on earnings as interest rates change. Interest paid or received for swaps utilized by FHN to hedge the fair value of long term debt is recognized as an adjustment of the interest expense of the liabilities whose risk is being managed. FHN’s interest rate risk management policy is to use derivatives to hedge interest rate risk or market value of assets or liabilities, not to speculate. In addition, FHN has entered into certain interest rate swaps and caps as a part of a product offering to commercial customers that includes customer derivatives paired with upstream offsetting market instruments that, when completed, are designed to mitigate interest rate risk. These contracts do not qualify for hedge accounting and are measured at fair value with gains or losses included in current earnings in Noninterest expense on the ConsolidatedStatements of Income.

FHN has entered into pay floating, receive fixed interest rate swaps to hedge the interest rate risk of certain term borrowings totaling $554.0millionon December 31, 2014 and 2013, respectively. These swaps have been accounted for as fair value hedges under the shortcut method. The balance sheet amount of these swaps was $15.3 million and $40.2 million in Derivative assets on December 31, 2014 and 2013, respectively. $304.0 million of these borrowings matured January 2015.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on its $500 million noncallable senior debt maturing in December 2015. This derivative qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk on this debt. The balance sheet amount of this swap was $9.1 million and $18.0 million in Derivative assets as of December 31, 2014 and 2013, respectively. There was no ineffectiveness related to this hedge.

FHN designates derivative transactions in hedging strategies to manage interest rate risk on subordinated debt related to its trust preferred securities. These qualify for hedge accounting under ASC 815-20 using the long-haul method. FHN hedges the interest rate risk of the subordinated debt totaling $200 million using a pay floating, receive fixed interest rate swap. The balance sheet amount of this swap was $3.9 million and $24.9 million in Derivative liabilities as of December 31, 2014 and 2013, respectively. There was no ineffectiveness related to this hedge.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on $400.0 million of senior debt issued by FTBNA which matures in December 2019. This qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk of the senior debt in November 2014. The balance sheet impact of this swap was $.4 million in Derivative assets on December 31, 2014. There was an insignificant level of ineffectiveness related to this hedge.

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the years ended December 31, 2014 and 2013:
										Gains/(Losses)
(Dollars in thousands)		Notional		Assets			Liabilities			December 31, 2014
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	664,345		$	26,084	$	430			$	577
	Offsetting Upstream Interest Rate Contracts (a)		664,345			430		26,584				(577)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,654,000		$	24,811	$	3,910			$	(12,126)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,654,000	(c)		$	12,272	(d)

										Gains/(Losses)
(Dollars in thousands)		Notional		Assets			Liabilities			December 31, 2013
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	759,830		$	28,747	$	3,670			$	(30,057)
	Offsetting Upstream Interest Rate Contracts (a)		776,236			3,670		29,247				30,547
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,254,000		$	58,226	$	24,904			$	(61,853)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,254,000	(c)		$	61,853	(d)

• Gains/losses included in the Other expense section of the ConsolidatedStatements of Income.
• Gains/losses included in the All other income and commissions section of the Consolidated Statements of Income.
• Represents par value of term borrowings being hedged.
• Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

FHN hedges held-to-maturity trust preferred loans with a principal balance of $6.5million as of December 31, 2014 and 2013, which have an initial fixed rate term before conversion to a floating rate. FHN has entered into pay fixed, receive floating interest rate swaps to hedge the interest rate risk associated with this initial term. These hedge relationships qualify as fair value hedges under ASC 815-20. The impact of these swaps was $.7million and $1.1million in Derivative liabilities on the ConsolidatedStatements of Condition as of December 31, 2014 and 2013, respectively. Interest paid or received for these swaps is recognized as an adjustment of the interest income of the assets whose risk is being hedged. Basis adjustments remaining at the end of the hedge term are being amortized as an adjustment to interest income over the remaining life of the loans. Gains or losses are included in Other income and commissions on the ConsolidatedStatements of Income.

The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the years ended December 31, 2014 and 2013:

Gains/(Losses)

(Dollars in thousands)

Notional

Assets

Liabilities

December 31, 2014

Loan Portfolio Hedging

Hedging Instruments:

Interest Rate Swaps

$

6,500

N/A

$

744

$

262

Hedged Items:

Trust Preferred Loans (a)

N/A

$

6,500

(b)

N/A

$

(259)

(c)

Gains/(Losses)

(Dollars in thousands)

Notional

Assets

Liabilities

December 31, 2013

Loan Portfolio Hedging

Hedging Instruments:

Interest Rate Swaps

$

6,500

N/A

$

1,006

$

1,037

Hedged Items:

Trust Preferred Loans (a)

N/A

$

6,500

(b)

N/A

$

(1,032)

(c)

• Assets included in the Loans, net of unearned income section of the ConsolidatedStatements of Condition.
• Represents principal balance being hedged.
• Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

Other Derivatives

In conjunction with the sales of a portion of its Visa Class B shares, FHN and the purchaser entered into derivative transactions whereby FHN will make or receive cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. As of December 31, 2014, the derivative liabilities associated with the sales of Visa Class B shares were $5.2 million compared to $2.9 million as of December 31, 2013. See the Visa Matters section ofNote 18 – Contingencies and Other Disclosures for more information regarding FHN’s Visa shares.

FHN utilizes cross currency swaps and cross currency interest rate swaps to economically hedge its exposure to foreign currency risk and interest rate risk associated with non-U.S. dollar denominated loans. As of December 31, 2014, these loans were valued at $4.9 million. As of December 31, 2013, these loans were valued at $.6 million, the balance sheet amount and the gains/losses associated with these derivatives were not material.

Legacy Mortgage Servicing Operations

Retained Interests

Prior to first quarter 2014, FHN had significantly larger amounts of retained mortgage servicing rights. FHN revalued MSR to current fair value each month with changes in fair value included in servicing income in Mortgage banking noninterest income on the ConsolidatedStatements of Income. FHN entered into interest rate contracts (potentially including swaps, swaptions, and mortgage forward purchase contracts) to hedge against the effects of changes in fair value of its MSR associated with increased prepayment activity that generally results from declining interest rates. Substantially all capitalized MSR were hedged for economic purposes. In third quarter 2013, in conjunction with the agreement to sell legacy mortgage servicing, FHN terminated all hedges associated with MSR and interest-only securities.

FHN utilized derivatives as an economic hedge (potentially including swaps, swaptions, and mortgage forward purchase contracts) to protect the value of its interest-only securities that change in value inversely to the movement of interest rates. Interest-only securities are included in Trading securities on the Consolidated Statements of Condition. Changes in the fair value of these derivatives and the hedged interest-only securities are recognized currently in earnings in Mortgage banking noninterest income as a component of servicing income on the ConsolidatedStatements of Income.

The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities as of and for the year ended December 31, 2013:
										Gains/(Losses)
(Dollars in thousands)		Notional		Assets			Liabilities			December 31, 2013
Retained Interests Hedging
Hedging Instruments:
	Forwards and Futures	$	-		$	-		$	-		$	(3,047)
	Interest Rate Swaps and Swaptions		-			-			-			(4,275)
Hedged Items:
	Mortgage Servicing Rights		N/A		$	70,492			N/A		$	21,591
	Other Retained Interests		N/A			7,195			N/A			3,813

Master Netting and Similar Agreements

As previously discussed, FHN uses master netting agreements, mutual margining agreements and collateral posting requirements to minimize credit risk on derivative contracts. Master netting and similar agreements are used when counterparties have multiple derivatives contracts that allow for a “right of setoff,” meaning that a counterparty may net offsetting positions and collateral with the same counterparty under the contract to determine a net receivable or payable. The following discussion provides an overview of these arrangements which may vary due to the derivative type and market in which a derivative transaction is executed.

Interest rate derivatives are subject to agreements consistent with standard agreement forms of the International Swap and Derivatives Association (“ISDA”).Currently, all interest rate derivative contracts are entered into as over-the-counter transactions and collateral posting requirements are based on the net asset or liability position with each respective counterparty. For contracts that require central clearing, novation to a central counterparty clearinghouse occurs and collateral is posted. Cash collateral received (posted) for interest rate derivatives is recognized as a liability (asset) on FHN’s balance sheet.

Interest rate derivatives with customers that are smaller financial institutions typically require posting of collateral by the counterparty to FHN. This collateral is subject to a threshold with daily adjustments based upon changes in the level or fair value of the derivative position. Positions and related collateral can be netted in the event of default. Collateral pledged by a counterparty is typically cash or securities. The securities pledged as collateral are not recognized within FHN's Consolidated Statements of Condition. Interest rate derivatives associated with lending arrangements share the collateral with the related loan(s). The derivative and loan positions may be netted in the event of default.For disclosure purposes, the entire collateral amount is allocated to the loan.

Interest rate derivatives with larger financial institutions entered into prior to required central clearing typically contain provisions whereby the collateral posting thresholds under the agreements adjust based on the credit ratings of both counterparties. If the credit rating of FHN and/or FTBNA is lowered, FHN could be required to post additional collateral with the counterparties. Conversely, if the credit rating of FHN and/or FTBNA is increased, FHN could have collateral released and be required to post less collateral in the future. Also, if a counterparty's credit ratings were to decrease, FHN and/or FTBNA could request the posting of additional collateral; whereas if a counterparty's credit ratings were to increase, the counterparty could request the release of excess collateral. Collateral for these arrangements is adjusted daily based on changes in the net fair value position with each counterparty.

The net fair value, determined by individual counterparty, of all derivative instruments with adjustable collateral posting thresholds was $100.5million of assets and $80.5million of liabilities on December 31, 2014, and $119.0 million of assets and $100.3million of liabilities on December 31, 2013. As of December 31, 2014 and 2013, FHN had received collateral of $172.1 million and $196.4 million and posted collateral of $83.0 million and $105.9 million, respectively, in the normal course of business related to these agreements.

Certain agreements entered into prior to required central clearing also contain accelerated termination provisions, inclusive of the right of offset, if a counterparty’s credit rating falls below a specified level. If a counterparty's debt rating (including FHN's and FTBNA’s) were to fall below these minimums, these provisions would be triggered, and the counterparties could terminate the agreements and request immediate settlement of all derivative contracts under the agreements. The net fair value, determined by individual counterparty, of all derivative instruments with credit-risk-related contingent accelerated termination provisions was $100.5 million of assets and $19.7 million of liabilities on December 31, 2014, and $119.0 million of assets and $30.1 million of liabilities on December 31, 2013. As of December 31, 2014 and 2013, FHN had received collateral of $172.1 million and $196.4 million and posted collateral of $26.6 million and $39.4 million, respectively, in the normal course of business related to these contracts.

Capital Markets buys and sells various types of securities for its customers. When these securities settle on a delayed basis, they are considered forward contracts, and are generally not subject to master netting agreements. Forwards purchased and sold through legacy mortgage banking activities typically consisted of mortgage to be announced ("TBA") trades for which FHN utilized a clearinghouse for settlement. In the event of default, all open positions can be offset. For futures and options, FHN transacts through a third party, and the transactions are subject to margin and collateral maintenance requirements.In the event of default, open positions can be offset along with the associated collateral.

For this disclosure, FHN considers the impact of master netting and other similar agreements which allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net derivative asset or liability position with the related securities and cash collateral. The application of the collateral cannot reduce the net derivative asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Statements of Condition as of December 31:
								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Derivative
	Gross amounts		offset in the		assets presented		liabilities
	of recognized		Statement of		in the Statement		available for		Collateral
(Dollars in thousands)	assets		Condition		of Condition (a)		offset		Received		Net amount
Derivative assets:
2014 (b)	$	131,731	$	-	$	131,731	$	(15,768)	$	(114,230)	$	1,733
2013 (b)		178,837		-		178,837		(68,216)		(110,621)		-

• Included in Derivative Assets on the Consolidated Statements of Condition. As of December 31, 2014 and 2013, $2.4 million and $3.0 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
• 2014 and 2013are comprised entirely of interest rate derivative contracts.

The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Statements of Condition as of December 31:
									Gross amounts not offset in the
									Statement of Condition
			Gross amounts			Net amounts of
	Gross amounts		offset in the		liabilities presented			Derivative
	of recognized		Statement of			in the Statement		assets available		Collateral
(Dollars in thousands)	liabilities		Condition			of Condition (a)		for offset		pledged		Net amount
Derivative liabilities:
2014 (b)	$	111,963	$	-		$	111,963	$	(15,768)	$	(78,390)	$	17,805
2013 (b)		147,021		-			147,021		(68,216)		(59,999)		18,806

• Included in Derivative Liabilities on the Consolidated Statements of Condition. As of December 31, 2014 and 2013, $7.3 million of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
• 2014 and 2013 are comprised entirely of interest rate derivative contracts.

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Derivatives (Derivatives Associated With Interest Rate Risk Management Activities) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014		Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Term borrowings		$ 1,880,105,000		$ 1,739,859,000
Customer Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional		1,754,939,000		1,786,532,000
Assets		76,614,000		76,980,000
Liabilities		3,681,000		11,214,000
Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts Hedging [Member] | Hedging Instruments And Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	[1]	664,345,000		759,830,000
Assets	[1]	26,084,000		28,747,000
Liabilities	[1]	430,000		3,670,000
Gains/(Losses)	[1]	577,000	[2]	(30,057,000)
Offsetting Upstream Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional		1,754,939,000		1,786,532,000
Assets		3,681,000		11,214,000
Liabilities		76,614,000		76,980,000
Offsetting Upstream Interest Rate Contracts [Member] | Customer Interest Rate Contracts Hedging [Member] | Hedging Instruments And Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	[1]	664,345,000		776,236,000
Assets	[1]	430,000		3,670,000
Liabilities	[1]	26,584,000		29,247,000
Gains/(Losses)	[1]	(577,000)	[2]	30,547,000
Interest Rate Swap [Member] | Debt [Member] | Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	[2]	1,654,000,000		1,254,000,000
Assets	[2]	24,811,000		58,226,000
Liabilities	[2]	3,910,000		24,904,000
Gains/(Losses)	[2]	(12,126,000)		(61,853,000)
Long Term Debt [Member] | Debt [Member] | Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Term borrowings	[2],[3]	1,654,000,000		1,254,000,000
Gains/(Losses) related to term borrowings	[2],[4]	$ 12,272,000		$ 61,853,000

[1] Gains/losses included in the Other expense section of the Consolidated Statements of Income.

[2] Gains/losses included in the All other income and commissions section of the Consolidated Statements of Income.

[3] Represents par value of term borrowings being hedged.

[4] Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

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Regulatory Capital And Restrictions (Tables)

12 Months Ended

Dec. 31, 2014

Regulatory Capital Requirements [Abstract]

Summary Of Actual Capital Amounts And Ratios

	First Horizon National				First Tennessee Bank
	Corporation				National Association
(Dollars in thousands)		Amount	Ratio			Amount	Ratio
On December 31, 2014
Actual:
Total Capital	$	3,148,336	16.18	%	$	3,441,315	17.86	%
Tier 1 Capital		2,813,503	14.46			3,107,407	16.12
Leverage		2,813,503	11.43			3,107,407	12.72
Minimum Requirement for Capital Adequacy Purposes:
Total Capital		1,556,213	8.00			1,541,837	8.00
Tier 1 Capital		778,106	4.00			770,918	4.00
Leverage		985,033	4.00			977,374	4.00
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions:
Total Capital						1,927,296	10.00
Tier 1 Capital						1,156,378	6.00
Leverage						1,221,717	5.00
On December 31, 2013
Actual:
Total Capital	$	3,063,631	16.23	%	$	3,434,410	18.36	%
Tier 1 Capital		2,618,976	13.87			2,991,866	15.99
Leverage		2,618,976	11.04			2,991,866	12.71
Minimum Requirement for Capital Adequacy Purposes:
Total Capital		1,510,288	8.00			1,496,685	8.00
Tier 1 Capital		755,144	4.00			748,342	4.00
Leverage		949,181	4.00			941,641	4.00
Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions:
Total Capital						1,870,856	10.00
Tier 1 Capital						1,122,514	6.00
Leverage						1,177,051	5.00
Regulatory capital balances are presented as originally reported. For regulatory purposes, each Report of Condition and Income covers a single discrete period and retroactive restatement of prior years’ Reports of Condition and Income is not permitted due to the adoption of a new accounting standard.

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Short-Term Borrowings

12 Months Ended

Dec. 31, 2014

Short Term Borrowings [Abstract]

Short-Term Borrowings [Text Block]

Note 10 – Short-term Borrowings

Short-term borrowings include federal funds purchased and securities sold under agreements to repurchase, trading liabilities, and other borrowed funds.

Federal funds purchased and securities sold under agreements to repurchase generally have maturities of less than 90 days. Trading liabilities, which represent short positions in securities, are generally held for less than 90 days. Other short-term borrowings have original maturities of one year or less. On December 31, 2014, capital markets trading securities with a fair value of $172.9 million were pledged to secure other short-term borrowings.

The detail of these borrowings for the years 2014, 2013 and 2012 is presented in the following table:
(Dollars in thousands)		Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Trading Liabilities			Other Short-term Borrowings
2014
Average balance	$	1,101,910		$	447,801		$	633,867		$	531,984
Year-end balance		1,037,052			562,214			594,314			157,218
Maximum month-end outstanding		1,247,295			562,214			718,767			1,829,141
Average rate for the year		0.25	%		0.08	%		2.43	%		0.30	%
Average rate at year-end		0.25			0.06			2.60			0.56
2013
Average balance	$	1,263,792		$	487,923		$	665,095		$	299,288
Year-end balance		1,042,633			442,789			368,348			181,146
Maximum month-end outstanding		1,429,319			618,643			895,844			1,057,412
Average rate for the year		0.25	%		0.14	%		2.05	%		0.27	%
Average rate at year-end		0.25			0.10			2.46			0.43
2012
Average balance	$	1,548,020		$	380,871		$	589,461		$	450,690
Year-end balance		1,351,023			555,438			564,429			441,201
Maximum month-end outstanding		1,700,172			555,438			808,139			1,270,180
Average rate for the year		0.25	%		0.18	%		1.77	%		0.15	%
Average rate at year-end		0.25			0.15			1.88			0.25

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Earnings Per Share (Schedule Of Reconciliation Of The Numerators Used In Calculating Earnings/(Loss) Per Share) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Income/(loss) from continuing operations		$ 234,046,000	$ 37,821,000	$ (15,500,000)
Income/(loss) from discontinued operations, net of tax	[1]	0	548,000	148,000
Net income/(loss)		234,046,000	38,369,000	(15,352,000)
Net income attributable to noncontrolling interest		11,527,000	11,465,000	11,464,000
Net income/(loss) attributable to controlling interest		222,519,000	26,904,000	(26,816,000)
Preferred stock dividends		6,200,000	5,838,000	0
Net income/(loss) available to common shareholders		216,319,000	21,066,000	(26,816,000)
Net income/(loss) from continuing operations available to common shareholders		$ 216,319,000	$ 20,518,000	$ (26,964,000)

[1] Due to the nature of the preferred stock issued by FHN and its subsidiar ies , all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.

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Components of Other Comprehensive Income/(Loss)

12 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Components of Other Comprehensive Income/(Loss) [Text Block]

Note 15 – Components of Other Comprehensive Income/(loss)

Following is detail of "Accumulated other comprehensive income/(loss)" as presented in the Consolidated Statements of Condition:
							Accumulated Other Comprehensive Income/(Loss)
			Before-Tax Amount		Tax Benefit/ (Expense)
(Dollars in thousands)
December 31, 2011							$	(130,156)
Other comprehensive income:
	Fair value adjustments on securities available-for-sale		$	(19,016)	$	7,397		(11,619)
	Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss)			(328)		128		(200)
	Pension and postretirement plans:
		Net actuarial gain/(loss) arising during the period		(45,110)		17,906		(27,204)
		Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		37,867		(15,031)		22,836
December 31, 2012				(26,587)		10,400		(146,343)
Other comprehensive income:
	Fair value adjustments on securities available-for-sale			(108,703)		41,935		(66,768)
	Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss)			451		(174)		277
	Pension and postretirement plans:
		Net actuarial gain/(loss) arising during the period		81,456		(31,392)		50,064
		Prior service credit/(cost) arising during the period		10,678		(4,115)		6,563
		Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		10,085		(3,887)		6,198
December 31, 2013				(6,033)		2,367		(150,009)
Other comprehensive income:
	Fair value adjustments on securities available-for-sale			47,957		(18,135)		29,822
	Pension and postretirement plans:
		Net actuarial gain/(loss) arising during the period		(115,976)		44,803		(71,173)
		Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost		5,075		(1,961)		3,114
December 31, 2014			$	(62,944)	$	24,707	$	(188,246)

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Intangible Assets (Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance		$ 141,943,000		$ 134,242,000		$ 133,659,000
Goodwill, Amortization expense		0		0		0
Goodwill, Impairment		0		0		0
Goodwill, Divestitures		0		0		0
Goodwill, Additions		3,989,000	[1]	7,701,000	[1]	583,000
Goodwill, Ending balance		145,932,000		141,943,000		134,242,000
Other Intangible Assets, Beginning Balance	[2]	21,988,000		22,700,000		26,243,000
Other Intangible Assets, Amortization expense	[2]	(4,170,000)		(3,912,000)		(3,910,000)
Other Intangible Assets, Additions	[2]	11,700,000		3,200,000		367,000
Other Intangible Assets, Ending Balance	[2]	$ 29,518,000		$ 21,988,000		$ 22,700,000

[1] See Note 2 - Acquisitions & Divestures for further details regarding goodwill related to acquisitions.

[2] Represents customer lists, acquired contracts, core deposit intangibles , and covenants not to compet e.

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Short Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Short Term Borrowings [Abstract]

Schedule Of Short Term Debt [Table Text Block]

The detail of these borrowings for the years 2014, 2013 and 2012 is presented in the following table:
(Dollars in thousands)		Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Trading Liabilities			Other Short-term Borrowings
2014
Average balance	$	1,101,910		$	447,801		$	633,867		$	531,984
Year-end balance		1,037,052			562,214			594,314			157,218
Maximum month-end outstanding		1,247,295			562,214			718,767			1,829,141
Average rate for the year		0.25	%		0.08	%		2.43	%		0.30	%
Average rate at year-end		0.25			0.06			2.60			0.56
2013
Average balance	$	1,263,792		$	487,923		$	665,095		$	299,288
Year-end balance		1,042,633			442,789			368,348			181,146
Maximum month-end outstanding		1,429,319			618,643			895,844			1,057,412
Average rate for the year		0.25	%		0.14	%		2.05	%		0.27	%
Average rate at year-end		0.25			0.10			2.46			0.43
2012
Average balance	$	1,548,020		$	380,871		$	589,461		$	450,690
Year-end balance		1,351,023			555,438			564,429			441,201
Maximum month-end outstanding		1,700,172			555,438			808,139			1,270,180
Average rate for the year		0.25	%		0.18	%		1.77	%		0.15	%
Average rate at year-end		0.25			0.15			1.88			0.25

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Regulatory Capital And Restrictions (Summary Of Actual Capital Amounts And Ratios) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
FHN
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital, Actual Amount	$ 3,148,336,000	$ 3,063,631,000
Total Capital, Actual Ratio	16.18%	16.23%
Tier 1 Capital, Actual Amount	$ 2,813,503,000	$ 2,618,976,000
Tier 1 Capital, Actual Ratio	14.46%	13.87%
Leverage, Actual Amount	$ 2,813,503,000	$ 2,618,976,000
Leverage, Actual Ratio	11.43%	11.04%
Total Capital, Capital Adequacy Purposes, Amount	$ 1,556,213,000	$ 1,510,288,000
Total Capital, Capital Adequacy, Ratio	8.00%	8.00%
Tier 1 Capital, Capital Adequacy Purposes, Amount	$ 778,106,000	$ 755,144,000
Tier 1 Capital, Capital Adequacy Purposes, Ratio	4.00%	4.00%
Leverage, Capital Adequacy Purposes, Amount	$ 985,033,000	$ 949,181,000
Leverage, Capital Adequacy Purposes, Ratio	4.00%	4.00%
First Tennessee Bank National Association
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital, Actual Amount	$ 3,441,315,000	$ 3,434,410,000
Total Capital, Actual Ratio	17.86%	18.36%
Tier 1 Capital, Actual Amount	$ 3,107,407,000	$ 2,991,866,000
Tier 1 Capital, Actual Ratio	16.12%	15.99%
Leverage, Actual Amount	$ 3,107,407,000	$ 2,991,866,000
Leverage, Actual Ratio	12.72%	12.71%
Total Capital, Capital Adequacy Purposes, Amount	$ 1,541,837,000	$ 1,496,685,000
Total Capital, Capital Adequacy, Ratio	8.00%	8.00%
Tier 1 Capital, Capital Adequacy Purposes, Amount	$ 770,918,000	$ 748,342,000
Tier 1 Capital, Capital Adequacy Purposes, Ratio	4.00%	4.00%
Leverage, Capital Adequacy Purposes, Amount	$ 977,374,000	$ 941,641,000
Leverage, Capital Adequacy Purposes, Ratio	4.00%	4.00%
Total Capital, To Be Well Capitalized Under Proompt Corrective Action Provisions, Amount	$ 1,927,296,000	$ 1,870,856,000
Total Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, To Be Well Capitalized Under Prompt Action Provisions, Amount	$ 1,156,378,000	$ 1,122,514,000
Tier 1 Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.00%	6.00%
Leverage, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 1,221,717,000	$ 1,177,051,000
Leverage, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%

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Acquisition and Divestitures (Tables)

12 Months Ended

Dec. 31, 2014

Acquisitions and Divestitures [Abstract]

Schedule of significant assets acquired and liabilities assumed and provisional estimated purchase accounting/fair value adjustments

The following schedule details significant assets acquired and liabilities assumed from the FDIC for MNB and estimated purchase accounting/fair value adjustments at June 7, 2013:
		Mountain National Bank
				Purchase Accounting/
		Acquired from			Fair Value		As recorded
(Dollars in thousands)		FDIC			Adjustments		by FHN
Assets:
Cash and cash equivalents		$	54,872		$	-	$	54,872
Interest-bearing cash			26,984			-		26,984
Securities available-for-sale			73,948			(440)		73,508
Loans, net of unearned income			249,001			(33,094)		215,907
Core deposit intangible			-			3,200		3,200
Premises and equipment			10,359			3,755		14,114
Real estate acquired by foreclosure			33,294			(10,930)		22,364
Deferred tax asset			(286)			3,097		2,811
Other assets			3,375			(461)		2,914
	Total assets acquired	$	451,547		$	(34,873)	$	416,674
Liabilities:
Deposits		$	362,098		$	2,000	$	364,098
Securities sold under agreements to repurchase			1,930			-		1,930
Federal Home Loan Bank advances			50,040			5,586		55,626
Other liabilities			2,547			-		2,547
	Total liabilities assumed		416,615			7,586		424,201
Acquired noncontrolling interest			117			57		174
	Total liabilities assumed and acquired noncontrolling interest	$	416,732		$	7,643	$	424,375
Excess of assets acquired over liabilities assumed		$	34,815
Aggregate purchase accounting/fair value adjustments					$	(42,516)
Goodwill							$	7,701

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Components Of Other Comprehensive Income/(Loss) (Accumulated Other Comprehensive Income/(Loss))(Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components Of Other Comprehensive Income/(Loss) [Abstract]
Accumulated other comprehensive income/(loss), Before-Tax Amount	$ (6,033,000)	$ (26,587,000)
Accumulated other comprehensive income/(loss), Tax Benefit/(Expense)	2,367,000	10,400,000
Accumulated other comprehensive income/(loss), Accumulated Other Comprehensive Income/(Loss) Beginning Balance	(150,009,000)	(146,343,000)	$ (130,156,000)
Other comprehensive income:
Fair value adjustments on securities available-for-sale, Before-Tax Amount	47,957,000	(108,703,000)	(19,016,000)
Fair value adjustments on securities available-for-sale arising during the period, Tax Benefit/(Expense)	(18,135,000)	41,935,000	7,397,000
Fair value adjustments on securities available-for-sale arising during the period, Accumulated Other Comprehensive Income/(Loss)	29,822,000	(66,768,000)	(11,619,000)
Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss), Before-Tax Amount	0	451,000	(328,000)
Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss), Tax (Benefit)/Expense		(174,000)	128,000
Adjustment for net (gain)/loss on securities available-for-sale included in Net income/(loss), Accumulated Other Comprehensive Income/(Loss)	0	(277,000)	200,000
Pension and post retirement plans:
Net actuarial gain/(loss) arising during the period, Before-Tax Amount	(115,976,000)	81,456,000	(45,110,000)
Net actuarial gain/(loss) arising during the period, Tax Benefit/(Expense)	44,803,000	(31,392,000)	17,906,000
Net actuarial gain/(loss) arising during the period	(71,173,000)	50,064,000	(27,204,000)
Prior service cost/(credit) arising during the period, Before-Tax Amount		10,678,000
Prior service credit/(cost) arising during period, Tax Benefit/(Expense)		(4,115,000)
Prior service credit/(cost) arising during the period	0	6,563,000	0
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost, Before-Tax Amount	5,075,000	10,085,000	37,867,000
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost, Tax Benefit/(Expense)	(1,961,000)	(3,887,000)	(15,031,000)
Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net period benefit cost, Accumulated Other Comprehensive Income/(Loss)	3,114,000	6,198,000	22,836,000
Accumulated other comprehensive income/(loss), Before-Tax Amount	(62,944,000)	(6,033,000)	(26,587,000)
Accumulated other comprehensive income/(loss), Tax Benefit/(Expense)	24,707,000	2,367,000	10,400,000
Accumulated other comprehensive income/(loss), Accumulated Other Comprehensive Income/(Loss) Ending Balance	$ (188,246,000)	$ (150,009,000)	$ (146,343,000)

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Consolidated Statements of Income (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Consolidated Condensed Statements Of Income [Abstract]
Available-for-sale expense reclassified from accumulated other comprehensive income	$ 0	$ 451,000
Pension and post-retirement plans expense reclassified from accumulated other comprehensive income	5,100,000	10,100,000
Income tax benefit reclassified from accumulated other comprehensive income	$ 2,000,000	$ 4,100,000

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Premises, Equipment And Leases (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014
Property Plant And Equipment [Abstract]
Maximum duration of noncancelable operating leases, time period	30 years

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Consolidated Statements Of Cash Flow - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating Activities
Net income/(loss)		$ 234,046,000	$ 38,369,000	$ (15,352,000)
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:
Provision for loan losses		27,000,000	55,000,000	78,000,000	[1]
Provision/(benefit) for deferred income taxes		3,729,000	(8,578,000)	(69,231,000)
Depreciation and amortization of premises and equipment		35,715,000	36,514,000	35,028,000
Amortization of intangible assets		4,170,000	3,912,000	3,910,000
Net other amortization and accretion		17,009,000	31,187,000	79,034,000
Net (increase)/decrease in derivatives		170,000	650,000	(8,847,000)
Fair value adjustment on mortgage servicing rights		(1,248,000)	(20,182,000)	5,075,000
Repurchase and foreclosure provision		(4,300,000)	170,000,000	299,256,000
Fair value adjustment to foreclosed real estate		3,465,000	4,987,000	9,422,000
Litigation and regulatory matters		(2,720,000)	63,654,000	33,313,000
(Gains)/losses on divestitures		0	(638,000)	(485,000)
Stock-based compensation expense		11,351,000	16,144,000	16,201,000
Tax benefit reversals stock-based compensation plans		7,220,000	1,569,000	4,140,000
Equity securities (gains)/losses, net		(2,872,000)	(2,211,000)	(365,000)
Debt securities (gains)/losses, net		0	451,000	(328,000)
(Gains)/losses on extinguishment of debt		4,166,000	0	0
Loss on deconsolidation of debt		1,960,000	0	0
Net (gains)/losses on sale/disposal of fixed assets		1,906,000	2,213,000	(2,540,000)
Proceeds from sale of mortgage servicing rights		70,204,000	39,633,000	0
Net (increase)/decrease in:
Loans held-for-sale		228,867,000	31,785,000	11,960,000
Trading securities		(392,806,000)	455,520,000	(283,239,000)
Capital markets receivables		2,767,000	72,517,000	(31,598,000)
Interest receivable		1,911,000	3,571,000	6,007,000
Other assets		292,860,000	4,087,000	186,456,000
Net increase/(decrease) in:
Capital markets payables		(3,016,000)	(89,156,000)	24,434,000
Interest payable		169,000	(4,301,000)	(2,386,000)
Other liabilities		(62,955,000)	(279,243,000)	(223,457,000)
Trading liabilities		225,966,000	(196,081,000)	217,144,000
Total adjustments		470,688,000	393,004,000	386,904,000
Net cash provided/(used) by operating activities		704,734,000	431,373,000	371,552,000
Available-for-sale securities:
Sales		7,829,000	63,787,000	47,536,000
Maturities		627,487,000	899,591,000	1,085,524,000
Purchases		(751,365,000)	(1,348,526,000)	(1,157,906,000)
Premises and equipment:
Sales		3,507,000	765,000	7,354,000
Purchases		(31,404,000)	(27,349,000)	(21,862,000)
Net (increase)/decrease in:
Loans		(866,107,000)	1,464,212,000	(489,308,000)
Interests retained from securitizations classified as trading securities		1,692,000	5,482,000	8,736,000
Interest-bearing cash		(891,670,000)	(349,940,000)	99,483,000
Cash receipts related to divestitures		0	1,638,000	5,278,000
Cash received for acquisition		413,352,000	53,293,000	0
Net cash provided/(used) by investing activities		(1,486,679,000)	762,953,000	(415,165,000)
Common stock:
Stock options exercised		1,864,000	651,000	144,000
Cash dividends paid		(47,366,000)	(38,229,000)	(10,066,000)
Repurchase of shares	[2]	(43,579,000)	(91,533,000)	(133,757,000)
Tax benefit reversals stock-based compensation plans		(7,220,000)	(1,569,000)	(4,140,000)
Preferred stock issuance		0	95,624,000	0
Cash dividends paid - preferred stock - noncontrolling interest		(11,465,000)	(11,465,000)	(11,406,000)
Cash dividends paid - Series A preferred stock		(6,200,000)	(4,288,000)	0
Term borrowings:
Issuance		397,672,000	0	2,699,000
Payments/maturities		(23,572,000)	(430,088,000)	(234,209,000)
Increases in restricted and secured term borrowings		2,310,000	5,052,000	7,595,000
Net cash paid to deconsolidate/collapse securitization trusts		(225,151,000)	0	0
Net increase/(decrease) in:
Deposits		898,232,000	(258,184,000)	416,700,000
Short-term borrowings		89,916,000	(738,650,000)	288,060,000
Net cash provided/(used) by financing activities		1,025,441,000	(1,472,679,000)	321,620,000
Net increase/(decrease) in cash and cash equivalents		243,496,000	(278,353,000)	278,007,000
Cash and cash equivalents at beginning of period		827,909,000	1,106,262,000	828,255,000
Cash and cash equivalents at end of period		1,071,405,000	827,909,000	1,106,262,000
Supplemental Disclosures
Total interest paid		81,151,000	97,387,000	111,033,000
Total taxes paid		77,779,000	5,437,000	33,112,000
Total taxes refunded		3,947,000	26,113,000	169,396,000
Transfer from loans to other real estate owned		$ 20,877,000	$ 23,340,000	$ 33,558,000

[1] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

[2] 2014 includes $38.5 million repurchased under the share repurchase program launched in 2014. 2013 and 2012 include $87.6 million, and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

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Parent Company Financial Information (Schedule Of Cash Flows) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net income/(loss)		$ 222,519,000	$ 26,904,000	$ (26,816,000)
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		56,896,000	71,616,000	117,972,000
Loss on securities		(2,872,000)	(2,211,000)	(365,000)
Stock-based compensation expense		11,351,000	16,144,000	16,201,000
Net (increase)/decrease in interest receivable and other assets		292,860,000	4,087,000	186,456,000
Net (decrease)/increase in interest payable and other liabilities		(62,955,000)	(279,243,000)	(223,457,000)
Total adjustments		470,688,000	393,004,000	386,904,000
Net cash provided/(used) by operating activities		704,734,000	431,373,000	371,552,000
Securities:
Sales and prepayments		7,829,000	63,787,000	47,536,000
Purchases		(751,365,000)	(1,348,526,000)	(1,157,906,000)
Premises and equipment:
Purchases		(38,880,000)	(41,463,000)	(21,862,000)
Decrease/(increase) in interest-bearing cash		(891,670,000)	(349,940,000)	99,483,000
Net cash provided/(used) by investing activities		(1,486,679,000)	762,953,000	(415,165,000)
Preferred stock:
Proceeds from issuance of preferred stock		0	95,624,000	0
Cash dividends		(6,200,000)	(4,288,000)	0
Common stock:
Exercise of stock options		1,864,000	651,000	144,000
Cash dividends		(47,366,000)	(38,229,000)	(10,066,000)
Repurchase of shares	[1]	(43,579,000)	(91,533,000)	(133,757,000)
Term borrowings:
Repayment of term borrowings		(23,572,000)	(430,088,000)	(234,209,000)
Increase/(decrease) in short-term borrowings		89,916,000	(738,650,000)	288,060,000
Net cash provided/(used) by financing activities		1,025,441,000	(1,472,679,000)	321,620,000
Net increase/(decrease) in cash and cash equivalents		243,496,000	(278,353,000)	278,007,000
Total interest paid		81,151,000	97,387,000	111,033,000
Total taxes paid		77,779,000	5,437,000	33,112,000
Parent Company [Member]
Operating activities:
Net income/(loss)		222,519,000	26,904,000	(26,816,000)
Less undistributed net loss of subsidiaries		69,424,000	(117,900,000)	(89,387,000)
Income/(loss) before equity in undistributed net income of subsidiaries		153,095,000	144,804,000	62,571,000
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		(390,000)	(1,314,000)	(2,335,000)
Loss on securities		(5,736,000)	(2,182,000)	0
Stock-based compensation expense		11,351,000	16,144,000	16,201,000
Net (increase)/decrease in interest receivable and other assets		(1,836,000)	(4,959,000)	(14,945,000)
Net (decrease)/increase in interest payable and other liabilities		1,505,000	8,626,000	1,599,000
Total adjustments		4,894,000	16,315,000	520,000
Net cash provided/(used) by operating activities		157,989,000	161,119,000	63,091,000
Securities:
Sales and prepayments		4,693,000	599,000	512,000
Purchases		(40,000)	(120,000)	(180,000)
Premises and equipment:
Purchases		(20,000)	(63,000)	(225,000)
Decrease/(increase) in interest-bearing cash		15,800,000	64,200,000	85,000,000
Return on investment in subsidiary		150,000	90,000	0
Net cash provided/(used) by investing activities		20,583,000	64,706,000	85,107,000
Preferred stock:
Proceeds from issuance of preferred stock		0	95,624,000	0
Cash dividends		(6,200,000)	(4,288,000)	0
Common stock:
Exercise of stock options		1,864,000	651,000	144,000
Cash dividends		(47,366,000)	(38,229,000)	(10,066,000)
Repurchase of shares		(43,579,000)	(91,533,000)	(133,757,000)
Term borrowings:
Repayment of term borrowings		0	(100,000,000)	0
Increase/(decrease) in short-term borrowings		3,000,000	(27,200,000)	(900,000)
Other		0	0	(14,000)
Net cash provided/(used) by financing activities		(92,281,000)	(164,975,000)	(144,593,000)
Net increase/(decrease) in cash and cash equivalents		86,291,000	60,850,000	3,605,000
Cash and cash equivalents at beginning of period		81,271,000	20,421,000	16,816,000
Cash and cash equivalents at end of period		167,562,000	81,271,000	20,421,000
Total interest paid		23,282,000	24,102,000	23,858,000
Total taxes paid		$ 17,053,000	$ 31,075,000	$ 10,671,000

[1] 2014 includes $38.5 million repurchased under the share repurchase program launched in 2014. 2013 and 2012 include $87.6 million, and $131.0 million, respectively, repurchased under the share repurchase program which was active from October 2011 to January 2014.

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Stock Options, Restricted Stock Incentive, and Dividend Reinvestment Plans (Tables)

12 Months Ended

Dec. 31, 2014

Employee Benefits And Share Based Compensation [Abstract]

Schedule Of Restricted And Performance Stock And Unit Activity

The summary of restricted and performance stock and unit activity during the year ended December 31, 2014, is presented below:
	Shares/Units		Weighted average grant date fair value
Nonvested on January 1, 2014	4,174,196	$	10.51
Shares/units granted	874,242		11.62
Shares/units vested	(1,402,901)		11.02
Shares/units cancelled	(290,392)		11.35
Nonvested on December 31, 2014	3,355,145	$	10.51

The weighted average grant date fair value for shares/units granted in 2013 and 2012 was $10.63 and $9.25, respectively.

Summary Of Stock Option Plans Activity

The summary of stock option activity for the year ended December 31, 2014, is shown below:
	Options Outstanding		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (thousands)
January 1, 2014	8,593,175	$	19.29
Options granted	592,551		11.77
Options exercised	(199,880)		10.74
Options expired/cancelled	(1,194,739)		30.78
December 31, 2014	7,791,107		17.18	3.89	$	11,826
Options exercisable	5,820,652		19.34	3.56		6,376
Options expected to vest	1,970,455		10.81	4.88		5,449

Summary Of Assumptions To Estimate The Fair Value Of Stock Options Granted

FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted in 2014, 2013, and 2012 with the following assumptions:
	2014	2013	2012
Expected dividend yield	1.70%	1.84%	0.42%
Expected weighted-average lives of options granted	6.15 years	6.12 years	6.11 years
Expected weighted-average volatility	33.79%	36.19%	42.40%
Expected volatility range	24.55-61.49%	27.27 - 62.98%	35.80 - 62.21%
Risk-free interest rate	1.96%	1.16%	1.10%

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Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans) (Details)	Dec. 31, 2014 USD ($) number	Dec. 31, 2013 USD ($) number		Dec. 31, 2012 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income | $	$ 16,230,166,000	$ 15,389,074,000		$ 16,708,582,000
Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 538,961,000	$ 662,242,000
Avg orig FICO	730	731
Avg Refreshed FICO	717	714
Loans, net of unearned income | $	$ 538,961,000	$ 662,242,000	[1]	$ 765,583,000
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period Pre2004 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 150,217,000	$ 194,369,000
Avg orig FICO	723	725
Avg Refreshed FICO	721	725
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2004 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 17,349,000	$ 22,720,000
Avg orig FICO	712	713
Avg Refreshed FICO	712	694
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2005 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 34,033,000	$ 40,272,000
Avg orig FICO	736	737
Avg Refreshed FICO	740	712
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2006 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 62,053,000	$ 79,367,000
Avg orig FICO	731	730
Avg Refreshed FICO	724	711
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2007 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 188,868,000	$ 223,440,000
Avg orig FICO	733	734
Avg Refreshed FICO	717	710
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2008 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 86,441,000	$ 102,074,000
Avg orig FICO	741	741
Avg Refreshed FICO	709	714

[1] Balance as of December 31, 201 3, includes $ 11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

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Other Income And Other Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
All other income and commissions:
ATM interchange fees	$ 10,943,000	$ 10,412,000	$ 10,528,000
Electronic banking fees	6,190,000	6,289,000	6,537,000
Letter of credit fees	4,864,000	5,081,000	5,158,000
Deferred compensation	2,042,000	4,685,000	4,461,000
Gains/(loss) on extinguishment of debt	(4,166,000)	0	0
Other	12,390,000	13,874,000	20,257,000
Total	32,263,000	40,341,000	46,941,000
All other expense:
Other insurance and taxes	12,900,000	12,598,000	10,734,000
Travel and entertainment	9,095,000	8,959,000	8,366,000
Customer relations	5,726,000	4,916,000	4,578,000
Employee training and dues	4,518,000	5,054,000	4,525,000
Supplies	3,745,000	3,800,000	3,752,000
Miscellaneous loan costs	2,690,000	4,209,000	4,126,000
Tax credit investments	2,087,000	2,021,000	4,478,000
Litigation and regulatory matters	(2,720,000)	63,654,000	33,313,000
Other	41,952,000	32,579,000	41,195,000
Total	$ 79,993,000	$ 137,790,000	$ 115,067,000

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Acqusitions and Divestitures (Schedule of Acquired Assets and Liabilities) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Jun. 07, 2013	Dec. 31, 2012	Dec. 31, 2011
Liabilities:
Goodwill	$ 145,932,000	$ 141,943,000		$ 134,242,000	$ 133,659,000
Mountain National Bank | Acquired From FDIC
Assets:
Cash and cash equivalents			$ 54,872,000
Interest-bearing cash			26,984,000
Securities available-for-sale			73,948,000
Loans, net of unearned income			249,001,000
Core deposit intangible			0
Premises and equipment			10,359,000
Real estate acquired by foreclosure			33,294,000
Deferred tax asset			(286,000)
Other assets			3,375,000
Total assets acquired			451,547,000
Liabilities:
Deposits			362,098,000
Securities sold under agreements to repurchase			1,930,000
Federal Home Loan Bank advances			50,040,000
Other liabilities			2,547,000
Total liabilities assumed			416,615,000
Acquired noncontrolling interest			117,000
Total liabilities assumed and acquired noncontrolling interest			416,732,000
Excess of assets acquired over liabilities assumed			34,815,000
Mountain National Bank | Purchase Accounting Fair Value Adjustments
Assets:
Cash and cash equivalents			0
Interest-bearing cash			0
Securities available-for-sale			(440,000)
Loans, net of unearned income			(33,094,000)
Core deposit intangible			3,200,000
Premises and equipment			3,755,000
Real estate acquired by foreclosure			(10,930,000)
Deferred tax asset			3,097,000
Other assets			(461,000)
Total assets acquired			(34,873,000)
Liabilities:
Deposits			2,000,000
Securities sold under agreements to repurchase			0
Federal Home Loan Bank advances			5,586,000
Other liabilities			0
Total liabilities assumed			7,586,000
Acquired noncontrolling interest			57,000
Total liabilities assumed and acquired noncontrolling interest			7,643,000
Aggregate purchase accounting/fair value adjustments			(42,516,000)
Mountain National Bank | As Recorded by FHN
Assets:
Cash and cash equivalents			54,872,000
Interest-bearing cash			26,984,000
Securities available-for-sale			73,508,000
Loans, net of unearned income			215,907,000
Core deposit intangible			3,200,000
Premises and equipment			14,114,000
Real estate acquired by foreclosure			22,364,000
Deferred tax asset			2,811,000
Other assets			2,914,000
Total assets acquired			416,674,000
Liabilities:
Deposits			364,098,000
Securities sold under agreements to repurchase			1,930,000
Federal Home Loan Bank advances			55,626,000
Other liabilities			2,547,000
Total liabilities assumed			424,201,000
Acquired noncontrolling interest			174,000
Total liabilities assumed and acquired noncontrolling interest			424,375,000
Goodwill			$ 7,701,000

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Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]

Note 16 – Income Taxes

The aggregate amount of income taxes included in the Consolidated Statements of Income and the Consolidated Statements of Equity for the years ended December 31, were as follows:
(Dollars in thousands)			2014		2013		2012
Consolidated Statements of Income:
Income tax expense/(benefit) related to continuing operations		$	84,185	$	(19,389)	$	(72,028)
Income tax expense/(benefit) related to discontinued operations			-		343		93
Consolidated Statements of Equity:
Income tax expense/(benefit) related to:
	Pension and postretirement plans		(42,842)		39,394		(2,875)
	Unrealized gains/(losses) on investment securities available-for-sale		18,135		(41,761)		(7,525)
	Share-based compensation		7,220		1,569		4,140
Total		$	66,698	$	(19,844)	$	(78,195)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

The components of income tax expense/(benefit) related to continuing operations for the years ended December 31, were as follows:
(Dollars in thousands)			2014		2013		2012
Current:
	Federal	$	83,916	$	2,971	$	6,895
	State		(3,461)		(13,792)		(9,725)
	Foreign		1		10		33
Deferred:
	Federal		(157)		4,771		(58,742)
	State		3,872		(13,312)		(10,488)
	Foreign		14		(37)		(1)
Total		$	84,185	$	(19,389)	$	(72,028)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

A reconciliation of expected income tax expense/(benefit) at the federal statutory rate of 35 percent to the total income tax expense from continuing operations follows:
(Dollars in thousands)			2014			2013			2012
Federal income tax rate			35	%		35	%		35	%
Tax computed at statutory rate		$	111,381		$	6,451		$	(30,635)
Increase/(decrease) resulting from:
	State income taxes		8,786			(2,138)			(3,587)
	Bank owned life insurance ("BOLI")		(6,671)			(6,646)			(7,428)
	401(k) - employee stock ownership plan ("ESOP")		(659)			(568)			(155)
	Tax-exempt interest		(5,798)			(5,094)			(4,469)
	Non-deductible expenses		829			963			1,175
	LIHTC qualifying investments		2,284			8,834			7,625
	Tax credits		(11,392)			(13,340)			(18,125)
	Subsidiary liquidation		-			-			(6,733)
	Change in valuation allowance - DTA		(13,168)			(4,427)			-
	Other changes in unrecognized tax benefits		(1,570)			(5,106)			(8,981)
	Other		163			1,682			(715)
	Total	$	84,185		$	(19,389)		$	(72,028)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Adeferredtaxasset(“DTA”)ordeferredtaxliability(“DTL”)isrecognizedforthetaxconsequencesoftemporarydifferencesbetweenthefinancialstatementcarryingamountsandthetaxbasesofexistingassetsandliabilities.Thetaxconsequenceiscalculatedbyapplyingenactedstatutorytaxrates,applicabletofutureyears,tothesetemporarydifferences.InordertosupporttherecognitionoftheDTA,FHN’smanagementmustbelievethattherealizationoftheDTAismorelikelythannot.FHNevaluatesthelikelihoodofrealizationoftheDTAbasedonbothpositiveandnegativeevidenceavailableatthetime,including(asappropriate)scheduledreversalsofDTLs,projectedfuturetaxableincome,taxplanningstrategies,andrecentfinancial performance. RealizationisdependentongeneratingsufficienttaxableincomepriortotheexpirationofthecarryforwardsattributabletotheDTA.Inprojectingfuturetaxableincome,FHNincorporatesassumptionsincludingthe estimated amountoffuturestateandfederalpretaxoperatingincome,thereversaloftemporarydifferences,andtheimplementationoffeasibleandprudenttaxplanningstrategies.Theseassumptionsrequiresignificantjudgmentabouttheforecastsoffuturetaxableincomeandareconsistentwiththeplansandestimatesusedtomanagetheunderlyingbusiness.

As of December 31, 2014, the gross DTA is $391.2 million. The gross DTL is $86.0 million as of December 31, 2014. Management has assessed the ability to realize the gross DTA based on positive and negative evidence and on the basis of this evaluation, a valuation allowance of $44.6 million was recorded as of December 31, 2014. The valuation allowance is primarily attributable to capital loss carryforwards of $44.4 million. Management believes it is more likely than not that the benefit of the capital loss carryover to 2015 will not be realized because there is uncertainty as to whether FHN will generate capital gains over the five year carryforward period. The DTA after the valuation allowance is $346.6 million as of December 31, 2014. Although realization is not assured, FHNbelievesthatitsabilitytorealizethe net DTAismorelikelythannot.

Temporary differences which gave rise to deferred tax assets and deferred tax liabilities on December 31, 2014 and 2013 were as follows:
(Dollars in thousands)	2014		2013
Deferred tax assets:
Loss reserves	$	100,569	$	94,170
Employee benefits		136,007		97,246
Investment in partnerships		2,075		2,032
Foreclosed property		1,205		901
Accrued expenses		31,613		25,158
Investment in AFS securities		-		6,874
Capital loss carryforwards		44,445		51,876
Credit carryforwards		39,196		98,919
Federal NOL carryforwards		-		4,184
State NOL carryforwards		15,279		29,422
Unrecognized tax benefits		1,915		3,103
Other		18,902		21,760
Gross deferred tax assets		391,206		435,645
Valuation allowance		(44,584)		(57,752)
Deferred tax assets after valuation allowance	$	346,622	$	377,893
Deferred tax liabilities:
Capitalized mortgage servicing rights	$	337	$	25,245
Depreciation and amortization		22,353		46,209
Federal Home Loan Bank stock		9,383		17,426
Investment in AFS securities		11,639		-
Other intangible assets		30,888		28,417
Prepaid expenses		9,874		9,752
Other		1,570		2,958
Gross deferred tax liabilities		86,044		130,007
Net deferred tax assets	$	260,578	$	247,886
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

The total unrecognized tax benefits ("UTB") at December 31, 2014 and December 31, 2013, was $5.2 million and $6.6 million, respectively. FHN is currently in audit in several jurisdictions. It is reasonably possible that the UTB could decrease by $2.1 million during 2015 if audits are completed and settled and if the applicable statutes of limitations expire as scheduled. FHN recognizes interest accrued and penalties related to UTB within income tax expense. FHN had approximately $.9million and $2.0 million accrued for the payment of interest as ofDecember 31, 2014 and December 31, 2013, respectively.

The rollforward of unrecognized tax benefits is shown below:
(Dollars in thousands)
Balance at December 31, 2012	$	17,638
Increases related to prior year tax positions		-
Decreases related to prior year tax positions		(1,688)
Settlements		(7,386)
Lapse of statutes		(1,943)
Balance at December 31, 2013	$	6,621
Increases related to prior year tax positions		960
Increases related to current year tax positions		868
Lapse of statutes		(3,242)
Balance at December 31, 2014	$	5,207

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Earnings Per Share (Schedule Of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings/(loss) per common share:
Income/(loss) per share from continuing operations available to common shareholders	$ 0.92	$ 0.09	$ (0.11)
Net income/(loss) per share available to common shareholders	0.92	0.09	(0.11)
Diluted earnings/(loss) per common share:
Diluted income/(loss) per share from continuing operations available to common shareholders	0.91	0.09	(0.11)
Diluted income/(loss) per share available to common shareholders	$ 0.91	$ 0.09	$ (0.11)

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Pension, Savings, And Other Employee Benefits (Schedule Of Retiree Medical Plan Assets By Asset Category)(Details) - Retiree Medical Plan [Member] - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	$ 16,639,000	$ 16,360,000
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	16,639,000	15,826,000
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	534,000
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	0
Cash Equivalents And Money Market Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	425,000	600,000
Cash Equivalents And Money Market Funds [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	425,000	600,000
Cash Equivalents And Money Market Funds [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	0
Cash Equivalents And Money Market Funds [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	0
Equity Securities [Member] | U S Small Capital [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		1,613,000
Equity Securities [Member] | U S Small Capital [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		1,613,000
Equity Securities [Member] | U S Small Capital [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		0
Equity Securities [Member] | U S Small Capital [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		0
Equity Mutual Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	9,627,000	9,102,000
Equity Mutual Funds [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	9,627,000	9,102,000
Equity Mutual Funds [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	0
Equity Mutual Funds [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	0
Fixed Income Mutual Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	6,587,000	4,511,000
Fixed Income Mutual Funds [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	6,587,000	4,511,000
Fixed Income Mutual Funds [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	0	0
Fixed Income Mutual Funds [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets	$ 0	0
Fixed Income Securities [Member] | U S Treasury Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		119,000
Fixed Income Securities [Member] | U S Treasury Securities [Member] | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		0
Fixed Income Securities [Member] | U S Treasury Securities [Member] | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		119,000
Fixed Income Securities [Member] | U S Treasury Securities [Member] | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		0
Fixed Income Securities [Member] | Corporate and foreign bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		415,000
Fixed Income Securities [Member] | Corporate and foreign bonds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		0
Fixed Income Securities [Member] | Corporate and foreign bonds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		415,000
Fixed Income Securities [Member] | Corporate and foreign bonds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of retiree medical plan assets		$ 0

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Pension, Savings, And Other Employee Benefits (Schedule Of Amounts Recognized In Other Comprehensive Income)(Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial (gain)/loss arising during measurement period	[1]	$ 119,217,000	$ (72,376,000)
Prior sercive cost arising during measurement period		0	0
Items amortized during the measurement period, Net transition (asset)/obligation		0	0	$ 0
Items amortized during the measurement period, Prior service credit/(cost)		(346,000)	(353,000)	(398,000)
Items amortized during the measurement period, Net actuarial gain/(loss)		(6,898,000)	(10,202,000)
Total recognized in other comprehensive income		111,973,000	(82,931,000)
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial (gain)/loss arising during measurement period	[1]	(3,241,000)	(9,080,000)
Prior sercive cost arising during measurement period		0	(10,678,000)
Items amortized during the measurement period, Net transition (asset)/obligation		0	0	(736,000)
Items amortized during the measurement period, Prior service credit/(cost)		1,163,000	299,000	$ 9,000
Items amortized during the measurement period, Net actuarial gain/(loss)		1,006,000	171,000
Total recognized in other comprehensive income		$ (1,072,000)	$ (19,288,000)

[1] 2014 amounts primarily affected by decrease in the discount rates and consideration of the new life expectancy tables.

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Loans (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014 USD ($) number		Dec. 31, 2013 USD ($)		Dec. 31, 2012 USD ($)		Jun. 07, 2013 USD ($)	Dec. 31, 2011 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings loans	$ 331,300,000		$ 352,300,000
Allowance for loan losses	232,448,000		253,809,000		$ 276,963,000			$ 384,351,000
Average balance of impaired loans	371,558,000		442,277,000
Interest income recognized on impaired loan	$ 6,632,000		7,117,000
Forbearance agreements time period	6 months
Loans, net of unearned income	$ 16,230,166,000		15,389,074,000		16,708,582,000
Provision for loan losses	27,000,000		55,000,000		78,000,000	[1]
Loan loss provision on PCI loans	3,300,000		1,200,000
Allowance - purchased credit impaired loans	3,185,000		817,000
Acquired From FDIC | Mountain National Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired							$ 249,001,000
Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 19,122,000		22,491,000		24,928,000			26,194,000
TDR, reduction of interest rate by increment, basis points	0.25%
TDRS Maturities	40 years
Loans, net of unearned income	$ 538,961,000		662,242,000	[2]	765,583,000
Modified interest rate increase	1.00%
Provision for loan losses	$ 208,000		5,024,000		9,314,000	[1]
Allowance - purchased credit impaired loans	0		0
Loans Held-For-Sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings loans	$ 80,100,000		135,600,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	34.00%
Consumer Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	31.00%
Allowance for loan losses	$ 113,011,000		126,785,000		128,949,000			165,077,000
TDRS Maturities	30 years
Loans, net of unearned income	$ 5,048,071,000	[3]	5,333,371,000	[3]	5,688,703,000
Provision for loan losses	8,793,000		50,118,000		94,020,000	[1]
Allowance - purchased credit impaired loans	77,000		11,000
Modified Loans Classified As A TDR
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 59,000,000		$ 64,600,000
Ratio of the allowance for loan losses to loans	18.00%		18.00%
Loans To Mortgage Companies
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage contributed in total loan	7.00%
Concentration risk, percentage	13.00%
Commercial loans	$ 1,163,018,000		$ 790,609,000	[4]
Loans, net of unearned income	1,163,018,000		790,609,000
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	85,585,000		96,245,000	[4]
Average balance of impaired loans	77,431,000		150,453,000
Interest income recognized on impaired loan	786,000		937,000
Commercial loans	$ 10,285,003,000		9,010,932,000	[4]
Time period of default probability	1 year
Loans pledged to secure potential borrowings from Federal Reserve Bank	$ 6,100,000
Allowance - purchased credit impaired loans	3,108,000
Credit Card & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	14,730,000		7,484,000		6,898,000			$ 7,081,000
Loans, net of unearned income	358,131,000		336,606,000		289,105,000
Provision for loan losses	19,046,000		9,321,000		$ 9,239,000	[1]
Allowance - purchased credit impaired loans	$ 0		2,000
Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit card workout program, granted rate reduction	0.00%
Loans, net of unearned income	$ 188,746,000		185,959,000
Heloc And Real Estate Installment Classes
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR, reduction of interest rate by increment, basis points	0.25%
Restricted And Secured Consumer Real Estate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 76,800,000		333,800,000
Restricted And Secured Permanent Mortgage Real Estate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income			11,200,000
Finance And Insurance Companies
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage contributed in total loan	12.00%
Concentration risk, percentage	22.00%
Commercial loans	$ 2,000,000,000
Finance Insurance And Loans To Mortgage Companies
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage contributed in total loan	35.00%
Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net charge-offs	$ 100,000		400,000
Maximum | Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate time period	5 years
Maximum | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance agreements time period	12 months
Maximum | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment reductions, time period	1 year
Credit card workout program, term extension	5 years
Maximum | Heloc And Real Estate Installment Classes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate time period	5 years
Minimum | Non-Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired commercial loans	$ 1,000,000
Minimum | Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate	2.00%
Modified interest rate time period	5 years
Minimum | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment reductions, time period	6 months
Minimum | Heloc And Real Estate Installment Classes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate	1.00%
Pass | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	12
Pass | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	1
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	13
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	14
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	15
Unlikely to be Collected Financing Receivable | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	16
PD Grade 1
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 70,000		85,000
Lowest expected default probability | number	1
PD Grade 12
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 4,622,000		2,488,000
PD Grade 13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	3,590,000		$ 9,047,000
PD Grade 13 | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loans	$ 500,000
LGD Grade 1 | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	12
LGD Grade 1 | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	1
LGD Grade 12 | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number	12
Loan Reassessed | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loans	$ 1,000,000

[1] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.

[2] Balance as of December 31, 201 3, includes $ 11.2 million of restricted and secured real estate loans. See Note 22 - Variable Interest Entities for additional information.

[3] Balances as of December 31, 2014 and 2013, include $ 76.8 million and $ 333.8 million of restricted and secured real estate loans, respectively. See Note 22 - Variable Interest Entities for additional information.

[4] December 31 , 2013 table excludes PCI loans amounting to $45.9 million ($.8 million of allowance) .

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Fair Value Of Assets And Liabilities (Summary Of Book Value And Estimated Fair Value Of Financial Instruments) (Details) - USD ($)		Dec. 31, 2014		Dec. 31, 2013
Assets:
Total loans, net of unearned income and allowance for loan losses		$ 15,997,718,000		$ 15,135,265,000
Short Term Financial Assets:
Total interest-bearing cash		1,621,967,000		730,297,000
Total federal funds sold		63,080,000		66,079,000
Securities purchased under agreements to resell		659,154,000		412,614,000
Trading securities		1,194,391,000		801,718,000
Loans held-for-sale		141,285,000		370,152,000
Securities available for sale		3,556,613,000	[1]	3,398,457,000	[2]
Securities held-to-maturity (Note 3)		4,292,000		0
Derivative assets		134,088,000		181,866,000
Other Assets Financial Instruments
Total other assets		159,753,000		205,746,000
Non Earning Assets
Cash and due from banks		349,171,000		349,216,000
Capital markets receivables		42,488,000		45,255,000
Total assets		25,668,187,000		23,784,493,000
Deposits:
Total deposits		18,068,939,000		16,734,956,000
Trading liabilities		594,314,000		368,348,000
Short Term Financial Liabilities
Total federal funds purchased		1,037,052,000		1,042,633,000
Securities sold under agreements to repurchase		562,214,000		442,789,000
Other Short-term Borrowings		157,218,000		181,146,000
Term Borrowings
Total long term borrowings		1,880,105,000		1,739,859,000
Derivative liabilities		119,239,000		154,280,000
Other noninterest-bearing liabilities
Capital markets payables		18,157,000		21,173,000
Total liabilities		23,086,597,000		21,296,116,000
Carrying Reported Amount Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		15,997,718,000		15,135,265,000
Short Term Financial Assets:
Total interest-bearing cash		1,621,967,000		730,297,000
Total federal funds sold		63,080,000		66,079,000
Securities purchased under agreements to resell		659,154,000		412,614,000
Total short-term financial assets		2,344,201,000		1,208,990,000
Trading securities	[3]	1,194,391,000		801,718,000
Loans held-for-sale	[3]	141,285,000		370,152,000
Securities available for sale	[3]	3,556,613,000	[4]	3,398,457,000	[5]
Securities held-to-maturity (Note 3)		4,292,000
Derivative assets	[3]	134,088,000		181,866,000
Other Assets Financial Instruments
Tax credit investments		82,907,000		88,612,000
Deferred compensation assets		25,665,000		23,880,000
Total other assets		108,572,000		112,492,000
Non Earning Assets
Cash and due from banks		349,171,000		349,216,000
Capital markets receivables		42,488,000		45,255,000
Accrued interest receivable		67,301,000		69,208,000
Total nonearning assets		458,960,000		463,679,000
Total assets		23,940,120,000		21,672,619,000
Deposits:
Defined maturity		1,276,938,000		1,505,712,000
Undefined maturity		16,792,001,000		15,229,244,000
Total deposits		18,068,939,000		16,734,956,000
Trading liabilities	[3]	594,314,000		368,348,000
Short Term Financial Liabilities
Total federal funds purchased		1,037,052,000		1,042,633,000
Securities sold under agreements to repurchase		562,214,000		442,789,000
Other Short-term Borrowings		157,218,000		181,146,000
Total short-term financial liabilities		1,756,484,000		1,666,568,000
Term Borrowings
Real estate investment trust-preferred		45,896,000		45,828,000
Term borrowings - new market tax credit investment		18,000,000		18,000,000
Borrowings secured by residential real estate		65,612,000		310,833,000
Other long term borrowings		1,750,597,000		1,365,198,000
Total long term borrowings		1,880,105,000		1,739,859,000
Derivative liabilities	[3]	119,239,000		154,280,000
Other noninterest-bearing liabilities
Capital markets payables		18,157,000		21,173,000
Accrued interest payable		23,995,000		23,813,000
Total other noninterest-bearing liabilities		42,152,000		44,986,000
Total liabilities		22,461,233,000		20,708,997,000
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		8,940,275,000		7,837,130,000
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		1,259,143,000		1,122,676,000
Carrying Reported Amount Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		4,935,060,000		5,206,586,000
Carrying Reported Amount Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		519,839,000		639,751,000
Carrying Reported Amount Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		343,401,000		329,122,000
Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		15,721,587,000		14,630,444,000
Short Term Financial Assets:
Total interest-bearing cash		1,621,967,000		730,297,000
Total federal funds sold		63,080,000		66,079,000
Securities purchased under agreements to resell		659,154,000		412,614,000
Total short-term financial assets		2,344,201,000		1,208,990,000
Trading securities	[3]	1,194,391,000		801,718,000
Loans held-for-sale	[3]	141,285,000		370,152,000
Securities available for sale	[3]	3,556,613,000	[4]	3,398,457,000	[5]
Securities held-to-maturity (Note 3)		5,404,000
Derivative assets	[3]	134,088,000		181,866,000
Other Assets Financial Instruments
Tax credit investments		65,314,000		75,926,000
Deferred compensation assets		25,665,000		23,880,000
Total other assets		90,979,000		99,806,000
Non Earning Assets
Cash and due from banks		349,171,000		349,216,000
Capital markets receivables		42,488,000		45,255,000
Accrued interest receivable		67,301,000		69,208,000
Total nonearning assets		458,960,000		463,679,000
Total assets		23,647,508,000		21,155,112,000
Deposits:
Defined maturity		1,282,833,000		1,520,950,000
Undefined maturity		16,792,001,000		15,229,244,000
Total deposits		18,074,834,000		16,750,194,000
Trading liabilities	[3]	594,315,000		368,348,000
Short Term Financial Liabilities
Total federal funds purchased		1,037,052,000		1,042,633,000
Securities sold under agreements to repurchase		562,214,000		442,789,000
Other Short-term Borrowings		157,218,000		181,146,000
Total short-term financial liabilities		1,756,484,000		1,666,568,000
Term Borrowings
Real estate investment trust-preferred		49,350,000		47,000,000
Term borrowings - new market tax credit investment		18,049,000		17,685,000
Borrowings secured by residential real estate		56,623,000		268,249,000
Other long term borrowings		1,730,061,000		1,372,646,000
Total long term borrowings		1,854,083,000		1,705,580,000
Derivative liabilities	[3]	119,239,000		154,280,000
Other noninterest-bearing liabilities
Capital markets payables		18,157,000		21,173,000
Accrued interest payable		23,995,000		23,813,000
Total other noninterest-bearing liabilities		42,152,000		44,986,000
Total liabilities		22,441,107,000		20,689,956,000
Loan commitments		2,358,000		1,923,000
Standby and other commitments		4,451,000		4,653,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		8,902,045,000		7,759,902,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		1,243,404,000		1,075,385,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		4,747,761,000		4,858,031,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		483,179,000		606,038,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		345,198,000		331,088,000
Contractual Amount [Member]
Other noninterest-bearing liabilities
Loan commitments		7,309,137,000		7,469,553,000
Standby and other commitments		331,877,000		318,149,000
Fair Value Inputs Level1 [Member]
Short Term Financial Assets:
Securities available for sale		26,264,000		23,259,000
Other Assets Financial Instruments
Total other assets		28,010,000		26,900,000
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Short Term Financial Assets:
Total interest-bearing cash		1,621,967,000		730,297,000
Total federal funds sold		0		0
Securities purchased under agreements to resell		0		0
Total short-term financial assets		1,621,967,000		730,297,000
Trading securities	[3]	0		0
Loans held-for-sale	[3]	0		0
Securities available for sale	[3]	26,264,000		23,259,000
Securities held-to-maturity (Note 3)		0
Derivative assets	[3]	2,345,000		3,020,000
Other Assets Financial Instruments
Tax credit investments		0		0
Deferred compensation assets		25,665,000		23,880,000
Total other assets		25,665,000		23,880,000
Non Earning Assets
Cash and due from banks		349,171,000		349,216,000
Capital markets receivables		0		0
Accrued interest receivable		0		0
Total nonearning assets		349,171,000		349,216,000
Total assets		2,025,412,000		1,129,672,000
Deposits:
Defined maturity		0		0
Undefined maturity		0		0
Total deposits		0		0
Trading liabilities	[3]	0		0
Short Term Financial Liabilities
Total federal funds purchased		0		0
Securities sold under agreements to repurchase		0		0
Other Short-term Borrowings		0		0
Total short-term financial liabilities		0		0
Term Borrowings
Real estate investment trust-preferred		0		0
Term borrowings - new market tax credit investment		0		0
Borrowings secured by residential real estate		0		0
Other long term borrowings		0		0
Total long term borrowings		0		0
Derivative liabilities	[3]	2,035,000		4,343,000
Other noninterest-bearing liabilities
Capital markets payables		0		0
Accrued interest payable		0		0
Total other noninterest-bearing liabilities		0		0
Total liabilities		2,035,000		4,343,000
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level2 [Member]
Short Term Financial Assets:
Securities available for sale		3,371,236,000		3,168,277,000
Other Assets Financial Instruments
Total other assets		131,743,000		178,846,000
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Short Term Financial Assets:
Total interest-bearing cash		0		0
Total federal funds sold		63,080,000		66,079,000
Securities purchased under agreements to resell		659,154,000		412,614,000
Total short-term financial assets		722,234,000		478,693,000
Trading securities	[3]	1,188,749,000		794,518,000
Loans held-for-sale	[3]	3,322,000		6,185,000
Securities available for sale	[3]	3,371,236,000		3,168,277,000
Securities held-to-maturity (Note 3)		0
Derivative assets	[3]	131,743,000		178,846,000
Other Assets Financial Instruments
Tax credit investments		0		0
Deferred compensation assets		0		0
Total other assets		0		0
Non Earning Assets
Cash and due from banks		0		0
Capital markets receivables		42,488,000		45,255,000
Accrued interest receivable		67,301,000		69,208,000
Total nonearning assets		109,789,000		114,463,000
Total assets		5,527,073,000		4,740,982,000
Deposits:
Defined maturity		1,282,833,000		1,520,950,000
Undefined maturity		16,792,001,000		15,229,244,000
Total deposits		18,074,834,000		16,750,194,000
Trading liabilities	[3]	594,315,000		368,348,000
Short Term Financial Liabilities
Total federal funds purchased		1,037,052,000		1,042,633,000
Securities sold under agreements to repurchase		562,214,000		442,789,000
Other Short-term Borrowings		157,218,000		181,146,000
Total short-term financial liabilities		1,756,484,000		1,666,568,000
Term Borrowings
Real estate investment trust-preferred		0		0
Term borrowings - new market tax credit investment		0		0
Borrowings secured by residential real estate		0		0
Other long term borrowings		1,730,061,000		1,372,646,000
Total long term borrowings		1,730,061,000		1,372,646,000
Derivative liabilities	[3]	111,964,000		147,022,000
Other noninterest-bearing liabilities
Capital markets payables		18,157,000		21,173,000
Accrued interest payable		23,995,000		23,813,000
Total other noninterest-bearing liabilities		42,152,000		44,986,000
Total liabilities		22,309,810,000		20,349,764,000
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0		0
Fair Value Inputs Level3 [Member]
Short Term Financial Assets:
Securities available for sale		3,307,000		8,126,000
Other Assets Financial Instruments
Total other assets		0		0
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		15,721,587,000		14,630,444,000
Short Term Financial Assets:
Total interest-bearing cash		0		0
Total federal funds sold		0		0
Securities purchased under agreements to resell		0		0
Total short-term financial assets		0		0
Trading securities	[3]	5,642,000		7,200,000
Loans held-for-sale	[3]	137,963,000		363,967,000
Securities available for sale	[3]	159,113,000	[4]	206,921,000	[5]
Securities held-to-maturity (Note 3)		5,404,000
Derivative assets	[3]	0		0
Other Assets Financial Instruments
Tax credit investments		65,314,000		75,926,000
Deferred compensation assets		0		0
Total other assets		65,314,000		75,926,000
Non Earning Assets
Cash and due from banks		0		0
Capital markets receivables		0		0
Accrued interest receivable		0		0
Total nonearning assets		0		0
Total assets		16,095,023,000		15,284,458,000
Deposits:
Defined maturity		0		0
Undefined maturity		0		0
Total deposits		0		0
Trading liabilities	[3]	0		0
Short Term Financial Liabilities
Total federal funds purchased		0		0
Securities sold under agreements to repurchase		0		0
Other Short-term Borrowings		0		0
Total short-term financial liabilities		0		0
Term Borrowings
Real estate investment trust-preferred		49,350,000		47,000,000
Term borrowings - new market tax credit investment		18,049,000		17,685,000
Borrowings secured by residential real estate		56,623,000		268,249,000
Other long term borrowings		0		0
Total long term borrowings		124,022,000		332,934,000
Derivative liabilities	[3]	5,240,000		2,915,000
Other noninterest-bearing liabilities
Capital markets payables		0		0
Accrued interest payable		0		0
Total other noninterest-bearing liabilities		0		0
Total liabilities		129,262,000		335,849,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		8,902,045,000		7,759,902,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		1,243,404,000		1,075,385,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		4,747,761,000		4,858,031,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		483,179,000		606,038,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		345,198,000		331,088,000
FHLB-Cincinnati Stock [Member] | Fair Value Inputs Level3 [Member]
Other noninterest-bearing liabilities
Restricted investments		87,900,000		128,000,000
FRB Stock [Member] | Fair Value Inputs Level3 [Member]
Other noninterest-bearing liabilities
Restricted investments		$ 66,000,000		$ 66,000,000

[1] Includes $ 3.3 b illion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.1 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] Classes are detailed in the recurring and nonrecurring measurement tables.

[4] Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million.

[5] Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 128.0 million and FRB stock of $ 66.0 million .

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Parent Company Financial Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Financial Information [Text Block]

Note 27 – Parent Company Financial Information

Following are condensed statements of the parent company:
Statements of Condition		Year Ended December 31
(Dollars in thousands)		2014		2013
Assets:
Cash	$	167,562	$	81,271
Interest-bearing cash		-		15,800
Securities available-for-sale		2,634		1,643
Notes receivable		3,460		3,610
Allowance for loan losses		(925)		(925)
Investments in subsidiaries:
Bank		3,057,156		3,028,125
Non-bank		17,870		18,044
Other assets		195,898		207,497
Total assets	$	3,443,655	$	3,355,065
Liabilities and equity:
Other short-term borrowings	$	3,000	$	-
Accrued employee benefits and other liabilities		138,233		158,090
Term borrowings		720,832		708,598
Total liabilities		862,065		866,688
Total equity		2,581,590		2,488,377
Total liabilities and equity	$	3,443,655	$	3,355,065
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Statements of Income		Year Ended December 31
(Dollars in thousands)		2014		2013		2012
Dividend income:
Bank	$	180,000	$	180,000	$	100,000
Non-bank		446		957		390
Total dividend income		180,446		180,957		100,390
Interest income		2		125		329
Other income		6,265		3,468		1,050
Total income		186,713		184,550		101,769
Provision/(provision credit) for loan losses		-		(925)		(1,850)
Interest expense:
Short-term debt		9		20		50
Term borrowings		23,808		24,058		24,365
Total interest expense		23,817		24,078		24,415
Compensation, employee benefits and other expense		30,400		37,490		40,286
Total expense		54,217		60,643		62,851
Income/(loss) before income taxes		132,496		123,907		38,918
Income tax benefit		(20,599)		(20,897)		(23,653)
Income/(loss) before equity in undistributed net income of subsidiaries		153,095		144,804		62,571
Equity in undistributed net income/(loss) of subsidiaries:
Bank		68,836		(117,600)		(89,826)
Non-bank		588		(300)		439
Net income/(loss) attributable to the controlling interest	$	222,519	$	26,904	$	(26,816)
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

Statements of Cash Flows		Year Ended December 31
(Dollars in thousands)		2014		2013		2012
Operating activities:
Net income/(loss)	$	222,519	$	26,904	$	(26,816)
Less undistributed net income/(loss) of subsidiaries		69,424		(117,900)		(89,387)
Income/(loss) before undistributed net income of subsidiaries		153,095		144,804		62,571
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation, amortization, and other		(390)		(1,314)		(2,335)
Loss on securities		(5,736)		(2,182)		-
Stock-based compensation expense		11,351		16,144		16,201
Net (increase)/decrease in interest receivable and other assets		(1,836)		(4,959)		(14,945)
Net (decrease)/increase in interest payable and other liabilities		1,505		8,626		1,599
Total adjustments		4,894		16,315		520
Net cash provided/(used) by operating activities		157,989		161,119		63,091
Investing activities:
Securities:
Sales and prepayments		4,693		599		512
Purchases		(40)		(120)		(180)
Premises and equipment:
Purchases		(20)		(63)		(225)
Decrease/(increase) in interest-bearing cash		15,800		64,200		85,000
Return on investment in subsidiary		150		90		-
Net cash provided/(used) by investing activities		20,583		64,706		85,107
Financing activities:
Preferred stock:
Proceeds from issuance of preferred stock		-		95,624		-
Cash dividends		(6,200)		(4,288)		-
Common stock:
Exercise of stock options		1,864		651		144
Cash dividends		(47,366)		(38,229)		(10,066)
Repurchase of shares		(43,579)		(91,533)		(133,757)
Term borrowings:
Repayment of term borrowings		-		(100,000)		-
Increase/(decrease) in short-term borrowings		3,000		(27,200)		(900)
Other		-		-		(14)
Net cash (used)/provided by financing activities		(92,281)		(164,975)		(144,593)
Net increase/(decrease) in cash and cash equivalents		86,291		60,850		3,605
Cash and cash equivalents at beginning of year		81,271		20,421		16,816
Cash and cash equivalents at end of year	$	167,562	$	81,271	$	20,421
Total interest paid	$	23,282	$	24,102	$	23,858
Total income taxes paid		17,053		31,075		10,671
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Summary of Significant Accounting Policies for additional information.

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Time Depoist Maturities

12 Months Ended

Dec. 31, 2014

Maturities Of Time Deposits [Abstract]

Time Deposit Maturities [Text Block]

Note 9 – Time Deposit Maturities

Following is a table of maturities for time deposits outstanding on December 31, 2014, which include Certificates of deposit under $100,000, Other time, and Certificates of deposit $100,000 and more. Certificates of deposit $100,000 and more totaled $.4 billion on December 31, 2014. Time deposits are included in Interest-bearing deposits on the Consolidated Statements of Condition.
(Dollars in thousands)
2015	$	860,822
2016		137,356
2017		98,508
2018		82,457
2019		52,733
2020 and after		45,062
Total	$	1,276,938

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Term Borrowings (Schedule Of Information Pertaining To Term Borrowings) (Details)		12 Months Ended
		Dec. 31, 2014 USD ($) number		Dec. 31, 2013 USD ($)		Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Term borrowings		$ 1,880,105,000		$ 1,739,859,000
Loans, net of unearned income		$ 16,230,166,000		15,389,074,000		$ 16,708,582,000
Number of previously consolidated on-balance sheet consumer loan securitizations extinguished | number		3
Retail Real Estate Residential [Member]
Debt Instrument [Line Items]
Loans, net of unearned income		$ 76,800,000		$ 344,900,000
Debt Instrument Maturity Date - 1/15/15 - 5.05%
Debt Instrument [Line Items]
Debt instrument maturity date		Jan. 15, 2015
Debt instrument interest rate		5.05%
Debt Instrument Maturity Date - 4/1/16 - 5.65%
Debt Instrument [Line Items]
Debt instrument maturity date		Apr. 01, 2016
Debt instrument interest rate		5.65%
Debt Instrument Maturity Date - 12/1/19 - 2.95%
Debt Instrument [Line Items]
Debt instrument maturity date		Dec. 01, 2019
Debt instrument interest rate		2.95%
Debt Instrument Maturity Date - 12/22/2037
Debt Instrument [Line Items]
Debt instrument maturity date		Dec. 22, 2037
Debt instrument interest rate at period end		0.54%		0.54%
Debt Instrument Maturity Date - 12/15/15 - 5.375%
Debt Instrument [Line Items]
Debt instrument maturity date		Dec. 15, 2015
Debt instrument interest rate		5.375%
Debt Insturment Maturity Date - 4/15/34 - 6.30%
Debt Instrument [Line Items]
Debt instrument maturity date		Apr. 15, 2034
Debt instrument interest rate		6.30%
Debt Insturment Maturity Date - 3/31/31 - 9.50%
Debt Instrument [Line Items]
Debt instrument maturity date		Mar. 31, 2031
Debt instrument interest rate		9.50%
Debt Insturment Maturity Date - 10/26/26
Debt Instrument [Line Items]
Debt instrument maturity date		Oct. 26, 2026
Debt instrument interest rate at period end				0.30%
Debt Instrument Maturity Date - 9/25/29
Debt Instrument [Line Items]
Debt instrument maturity date		Sep. 25, 2029
Debt instrument interest rate at period end				0.30%
Debt Instrument Maturity Date - 9/1/32
Debt Instrument [Line Items]
Debt instrument maturity date		Sep. 01, 2032
Debt instrument interest rate at period end				6.45%
Debt Insturment Maturity Date - 10/25/34
Debt Instrument [Line Items]
Debt instrument maturity date		Oct. 25, 2034
Debt instrument interest rate at period end		0.33%		0.33%
Debt Instrument Maturity Date - 10/25/18 - 4.97%
Debt Instrument [Line Items]
Debt instrument maturity date		Oct. 25, 2018
Debt instrument interest rate at period end		4.97%
Debt Instrument Maturity Date - 2/1/33 - 4.97%
Debt Instrument [Line Items]
Debt instrument maturity date		Feb. 01, 2033
Debt instrument interest rate		4.97%
Debt Instrument Maturity Date - 8/8/36 - 2.38%
Debt Instrument [Line Items]
Debt instrument maturity date		Aug. 08, 2036
Debt instrument interest rate		2.38%
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Debt instrument weighted average interest rate				2.41%
First Tennessee Bank National Association [Member] | Subordinated Debt | Debt Instrument Maturity Date - 1/15/15 - 5.05%
Debt Instrument [Line Items]
Term borrowings	[1],[2]	$ 304,525,000		$ 317,714,000
First Tennessee Bank National Association [Member] | Subordinated Debt | Debt Instrument Maturity Date - 4/1/16 - 5.65%
Debt Instrument [Line Items]
Term borrowings	[1],[2]	264,667,000		276,273,000
First Tennessee Bank National Association [Member] | Senior capital notes | Debt Instrument Maturity Date - 12/1/19 - 2.95%
Debt Instrument [Line Items]
Term borrowings		398,011,000	[2]	0
First Tennessee Bank National Association [Member] | Collateralized By Loans [Member] | Debt Instrument Maturity Date - 12/22/2037
Debt Instrument [Line Items]
Term borrowings	[3]	62,562,000		60,223,000
First Tennessee Bank National Association [Member] | Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Term borrowings		0		2,390,000	[4]
First Horizon National Corporation | Subordinated Debt | Debt Insturment Maturity Date - 4/15/34 - 6.30%
Debt Instrument [Line Items]
Term borrowings	[2]	212,474,000		192,014,000
First Horizon National Corporation | Senior capital notes | Debt Instrument Maturity Date - 12/15/15 - 5.375%
Debt Instrument [Line Items]
Term borrowings	[2]	508,358,000		516,584,000
FT Real Estate Securities Company, Inc. [Member] | Cumulative Preferred | Debt Insturment Maturity Date - 3/31/31 - 9.50%
Debt Instrument [Line Items]
Term borrowings	[1]	45,896,000		45,828,000
First Horizon ABS Trusts [Member] | Collateralized By Loans [Member] | Debt Insturment Maturity Date - 10/26/26
Debt Instrument [Line Items]
Term borrowings	[5],[6]	0		98,631,000
First Horizon ABS Trusts [Member] | Collateralized By Loans [Member] | Debt Instrument Maturity Date - 9/25/29
Debt Instrument [Line Items]
Term borrowings	[5],[6]	0		122,562,000
First Horizon ABS Trusts [Member] | Collateralized By Loans [Member] | Debt Instrument Maturity Date - 9/1/32
Debt Instrument [Line Items]
Term borrowings	[5],[6]	0		8,783,000
First Horizon ABS Trusts [Member] | Collateralized By Loans [Member] | Debt Insturment Maturity Date - 10/25/34
Debt Instrument [Line Items]
Term borrowings	[6]	65,612,000		80,857,000
First Tennessee New Market Corporation Investments [Member] | Debt Instrument Maturity Date - 10/25/18 - 4.97%
Debt Instrument [Line Items]
Term borrowings		7,301,000		7,301,000
First Tennessee New Market Corporation Investments [Member] | Debt Instrument Maturity Date - 2/1/33 - 4.97%
Debt Instrument [Line Items]
Term borrowings		8,000,000		8,000,000
First Tennessee New Market Corporation Investments [Member] | Debt Instrument Maturity Date - 8/8/36 - 2.38%
Debt Instrument [Line Items]
Term borrowings		$ 2,699,000		$ 2,699,000
Minimum [Member] | Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Debt instrument, interest rates with remaining terms				1 year
Maximum [Member] | Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Debt instrument, interest rates with remaining terms				16 years

[1] A portion q ualifies for total capital under the risk-based capital guidelines.

[2] Changes in the fair value of debt attributable to interest rate risk is hedged. Refer to Note 23 – Derivatives.

[3] Secured by trust preferred loans.

[4] The Federal Home Loan Bank borrowings were issued with fixed interest rates and had remaining terms of 1 to 16 years at December, 31 2013. These borrowings had weighted average interest rate of 2.41 percent on December 31, 2013.

[5] In 2014, FHN resolved three previously consolidated on-balance sheet consumer loan securitizations and the collateralized borrowings were extinguished.

[6] On December 31, 2014 and 2013, borrowings se cured by $76.8 million and $344.9 million, respectively, of residential real estate loans.