Derivatives (Tables)

12 Months Ended

Dec. 31, 2015

Derivatives [Abstract]

Derivatives Associated With Capital Markets Trading Activities

The following tables summarize FHN’s derivatives associated with fixed income trading activities as of December 31, 2015 and 2014:
	December 31, 2015
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,714,443		$	64,640		$	1,943
Offsetting Upstream Interest Rate Contracts		1,714,443			1,943			64,640
Option Contracts Purchased		5,000			27			-
Forwards and Futures Purchased		1,957,524			2,212			1,634
Forwards and Futures Sold		2,168,609			2,149			1,893

	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

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, 2015 and 2014:
		December 31, 2015
(Dollars in thousands)		Notional		Assets			Liabilities			Gains/(Losses)
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	799,978		$	26,492	$	234			$	604
	Offsetting Upstream Interest Rate Contracts (a)		799,978			234		26,992				(604)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,150,000		$	6,519	$	5,705			$	(23,194)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,150,000	(c)		$	23,414	(d)

		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)

• Gains/losses included in the All other expense section of the ConsolidatedStatements of Income.
• Gains/losses included in the All other income and commissions section of the ConsolidatedStatements 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, 2015 and 2014:

December 31,2015

(Dollars in thousands)

Notional

Assets

Liabilities

Gains/(Losses)

Loan Portfolio Hedging

Hedging Instruments:

Interest Rate Swaps

$

6,500

N/A

$

488

$

256

Hedged Items:

Trust Preferred Loans (a)

N/A

$

6,500

(b)

N/A

$

(253)

(c)

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)

• 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.

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:
2015 (b)	$	99,828	$	-	$	99,828	$	(9,972)	$	(89,856)	$	-
2014 (b)		131,731		-		131,731		(15,768)		(114,230)		1,733

• Included in Derivative assets on the Consolidated Statements of Condition. As of December 31, 2015 and 2014, $4.5 million and $2.4 million, respectively, of derivative assets (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
• 2015 and 2014are 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:
2015 (b)	$	100,002	$	-		$	100,002	$	(9,972)	$	(62,172)	$	27,858
2014 (b)		111,963		-			111,963		(15,768)		(78,390)		17,805

• Included in Derivative liabilities on the ConsolidatedStatements of Condition. As of December 31, 2015 and 2014, $8.3 million and $7.3 million, respectively, of derivative liabilities (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
• 2015and 2014 are comprised entirely of interest rate derivative contracts.