Loans

12 Months Ended

Dec. 31, 2016

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of December 31, 2016 and 2015:

		December 31
(Dollars in thousands)		2016		2015
Commercial:
	Commercial, financial, and industrial	$	12,148,087	$	10,436,390
	Commercial real estate		2,135,523		1,674,935
Consumer:
	Consumer real estate (a)		4,523,752		4,766,518
	Permanent mortgage		423,125		454,123
	Credit card & other		359,033		354,536
Loans, net of unearned income		$	19,589,520	$	17,686,502
Allowance for loan losses			202,068		210,242
Total net loans		$	19,387,452	$	17,476,260

Balances as of December 31, 2016 and 2015, include $35.9 million and $52.8 million of restricted real estate loans, respectively. See Note 21 - 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 purchased credit-impaired (“PCI”) loans. Loans to mortgage companies include 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 CRE include income CRE, residential CRE and PCI loans. Consumer loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Consumer classes include home equity lines of credit (“HELOCs”), 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 (25 percent of total loans), the majority of which is in the consumer real estate segment (23 percent of total loans). Loans to finance and insurance companies total $2.6 billion (21 percent of the C&I portfolio, or 13 percent of the total loans). FHN had loans to mortgage companies totaling $2.0 billion (17 percent of the C&I segment, or 10 percent of total loans) as of December 31, 2016. As a result, 38 percent of the C&I segment is sensitive to impacts on the financial services industry.

Restrictions

On December 31, 2016, $7.3 billion of commercial loans were pledged to secure potential discount window borrowings from the Federal Reserve Bank. Additionally, as of December 31, 2016 and 2015, FHN pledged all of its held-to-maturity first and second lien mortgages and HELOCs, excluding restricted real estate loans to secure potential borrowings from the FHLB-Cincinnati. Restricted loans secure borrowings associated with consolidated VIEs. See Note 21 – Variable Interest Entities for additional discussion.

Acquisition

On September 16, 2016, FHN completed its acquisition of franchise finance loans. The acquisition included $537.4 million in unpaid principal balance of loans.

Generally, the fair value for the acquired loans is 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.

At acquisition, FHN designated certain loans as PCI 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 each loan’s book value and the estimated fair value at the time of the acquisition will be accreted into interest income over its remaining contractual life and the subsequent accounting and reporting will be similar to a loan in FHN's originated portfolio.

Purchased Credit-Impaired Loans


The following table presents a rollforward of the accretable yield for the years ended December 31, 2016 and 2015:

		Years Ended
		December 31
(Dollars in thousands)		2016		2015
Balance, beginning of period	$	8,542	$	14,714
Additions		2,883		3,165
Accretion		(3,963)		(7,184)
Adjustment for payoffs		(6,409)		(3,513)
Adjustment for charge-offs		(674)		(466)
Increase in accretable yield (a)		6,525		1,826
Other		(33)		-
Balance, end of period	$	6,871	$	8,542

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, 2016, the ALLL related to PCI loans was $.7 million compared to $1.7 million at December 31, 2015. Net charge-offs related to PCI loans during 2016 were $.4 million, compared to $1.1 million in 2015. The loan loss provision credit related to PCI loans was $.5 million during 2016 and 2015.

The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of December 31, 2016 and 2015:

	December 31, 2016				December 31, 2015
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	40,368	$	41,608	$	16,063	$	18,573
Commercial real estate		4,763		6,514		19,929		25,504
Consumer real estate		1,172		1,677		3,672		4,533
Credit card and other		52		64		52		76
Total	$	46,355	$	49,863	$	39,716	$	48,686

Impaired Loans


The following tables provide information at December 31, 2016 and 2015, by class related to individually impaired loans and consumer TDRs, regardless of accrual status. 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 the TRUPs valuation allowance have been excluded.

		December 31, 2016
		December 31, 2016
				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	$	10,419	$	16,636	$	-	$	12,009	$	-
	Income CRE		-		-		-		1,543		-
	Total	$	10,419	$	16,636	$	-	$	13,552	$	-
Consumer:
	HELOC (a)	$	11,383	$	21,662	$	-	$	11,168	$	-
	R/E installment loans (a)		3,957		4,992		-		4,255		-
	Permanent mortgage (a)		5,311		7,899		-		4,418		-
	Total	$	20,651	$	34,553	$	-	$	19,841	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	34,334	$	34,470	$	3,294	$	30,836	$	902
	TRUPS		3,209		3,700		925		3,274		-
	Income CRE		1,831		2,209		62		3,757		70
	Residential CRE		1,293		1,761		132		1,360		22
	Total	$	40,667	$	42,140	$	4,413	$	39,227	$	994
Consumer:
	HELOC	$	84,711	$	87,126	$	15,927	$	87,659	$	2,092
	R/E installment loans		53,409		54,559		12,875		57,906		1,370
	Permanent mortgage		88,615		100,983		12,470		91,838		2,310
	Credit card & other		306		306		133		345		13
	Total	$	227,041	$	242,974	$	41,405	$	237,748	$	5,785
Total commercial		$	51,086	$	58,776	$	4,413	$	52,779	$	994
Total consumer		$	247,692	$	277,527	$	41,405	$	257,589	$	5,785
Total impaired loans		$	298,778	$	336,303	$	45,818	$	310,368	$	6,779

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

		December 31, 2015
		December 31, 2015
				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	$	6,070	$	7,751	$	-		$	9,858	$	-
	Income CRE		2,468		9,389		-			4,091		-
	Residential CRE		-		-		-			144		-
	Total	$	8,538	$	17,140	$	-		$	14,093	$	-
Consumer:
	HELOC (a)	$	10,819	$	27,125	$	-		$	12,069	$	-
	R/E installment loans (a)		4,285		5,525		-			4,609		-
	Permanent mortgage (a)		4,830		6,983		-			6,408		-
	Total	$	19,934	$	39,633	$	-		$	23,086	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	21,063	$	23,335	$	2,718		$	23,824	$	1,047
	TRUPS		3,339		3,700		925			12,149		-
	Income CRE		5,170		6,477		390			6,671		148
	Residential CRE		1,417		1,886		91			1,488		32
	Total	$	30,989	$	35,398	$	4,124		$	44,132	$	1,227
Consumer:
	HELOC	$	89,434	$	91,734	$	14,392		$	87,099	$	2,137
	R/E installment loans		61,146		62,148		16,886			67,032		1,460
	Permanent mortgage		97,631		110,259		15,463			101,343		1,933
	Credit card & other		377		382		167			434		14
	Total	$	248,588	$	264,523	$	46,908		$	255,908	$	5,544
Total commercial		$	39,527	$	52,538	$	4,124		$	58,225	$	1,227
Total consumer		$	268,522	$	304,156	$	46,908		$	278,994	$	5,544
Total impaired loans		$	308,049	$	356,694	$	51,032		$	337,219	$	6,771

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. 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. 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. Loan grading discipline is regularly reviewed internally by Credit Assurance Services 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. 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.

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of December 31, 2016 and 2015:
	December 31, 2016
			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	$	465,179	$	-	$	-	$	1,078	$	-	$	466,257	3	%	$	77
2		791,183		-		-		11,742		87		803,012	6			403
3		491,386		462,486		-		153,670		-		1,107,542	8			304
4		978,282		332,107		-		222,422		-		1,532,811	11			953
5		1,232,401		275,209		-		365,653		702		1,873,965	13			6,670
6		1,540,519		614,109		-		338,344		9,338		2,502,310	17			10,403
7		1,556,117		317,283		-		352,390		2,579		2,228,369	16			14,010
8		963,359		30,974		-		425,503		2,950		1,422,786	10			25,986
9		611,774		4,299		-		105,277		4,417		725,767	5			13,857
10		355,359		8,663		-		50,484		9,110		423,616	3			8,400
11		238,230		-		-		20,600		6,541		265,371	2			6,556
12		170,531		-		-		15,395		4,168		190,094	1			6,377
13		121,276		-		304,236		6,748		311		432,571	3			4,225
14,15,16		194,572		59		-		16,313		1,659		212,603	1			20,297
Collectively evaluated for impairment		9,710,168		2,045,189		304,236		2,085,619		41,862		14,187,074	99			118,518
Individually evaluated for impairment		44,753		-		3,209		1,831		1,293		51,086	1			4,413
Purchased credit-impaired loans		40,532		-		-		4,583		335		45,450	-			319
Total commercial loans	$	9,795,453	$	2,045,189	$	307,445	$	2,092,033	$	43,490	$	14,283,610	100	%	$	123,250


	December 31, 2015
			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	$	564,684	$	-	$	-	$	601	$	-	$	565,285	5	%	$	130
2		598,402		-		-		10,267		123		608,792	5			320
3		502,548		415,532		-		85,021		-		1,003,101	8			356
4		877,443		432,477		-		157,213		12,125		1,479,258	12			1,091
5		1,169,245		263,396		-		221,528		7,308		1,661,477	14			7,000
6		1,190,011		387,095		-		388,239		10,377		1,975,722	16			10,779
7		1,474,613		155,799		-		348,703		13,363		1,992,478	16			14,410
8		797,679		15,609		-		193,338		733		1,007,359	8			16,520
9		453,948		-		-		48,599		1,742		504,289	4			9,644
10		253,658		-		-		64,728		14,450		332,836	3			5,327
11		190,647		-		-		18,825		919		210,391	2			5,676
12		78,463		-		-		17,656		4,132		100,251	1			2,728
13		142,690		-		305,027		4,572		259		452,548	4			5,289
14,15,16		120,875		-		-		18,793		1,178		140,846	1			14,229
Collectively evaluated for impairment		8,414,906		1,669,908		305,027		1,578,083		66,709		12,034,633	99			93,499
Individually evaluated for impairment		27,133		-		3,339		7,638		1,417		39,527	1			4,124
Purchased credit-impaired loans		16,077		-		-		16,665		4,423		37,165	-			1,173
Total commercial loans	$	8,458,116	$	1,669,908	$	308,366	$	1,602,386	$	72,549	$	12,111,325	100	%	$	98,796

Balances as of December 31, 2016 and 2015, presented net of a $25.5 million valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".

The consumer 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 consumer loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the credit 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 consumer portfolio.

The following table reflects the percentage of balances outstanding by average, refreshed FICO scores for the HELOC, real estate installment, and permanent mortgage classes of loans as of December 31, 2016 and 2015:

	December 31, 2016						December 31, 2015
	HELOC		R/E Installment Loans		Permanent Mortgage		HELOC		R/E Installment Loans		Permanent Mortgage
FICO score greater than or equal to 740	56.9	%	70.3	%	45.0	%	55.6	%	67.6	%	42.5	%
FICO score 720-739	8.8		8.3		9.5		9.0		8.6		9.8
FICO score 700-719	8.6		6.8		9.2		8.7		7.0		9.6
FICO score 660-699	13.2		8.4		17.1		13.2		9.6		18.5
FICO score 620-659	5.6		3.5		9.1		6.3		3.7		9.8
FICO score less than 620 (a)	6.9		2.7		10.1		7.2		3.5		9.8
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

For this group, a majority of the loan balances had FICO scores at the time of the origination that exceeded 620 but have since deteriorated as the loans have seasoned.

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on December 31, 2016:

	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	$	9,720,231	$	5,199	$	23	$	9,725,453	$	16,106	$	374	$	12,988	$	29,468	$	9,754,921
Loans to mortgage companies		2,041,408		3,722		-		2,045,130		-		-		59		59		2,045,189
TRUPS (a)		304,236		-		-		304,236		-		-		3,209		3,209		307,445
Purchased credit-impaired loans		40,113		185		234		40,532		-		-		-		-		40,532
Total commercial (C&I)		12,105,988		9,106		257		12,115,351		16,106		374		16,256		32,736		12,148,087
Commercial real estate:
Income CRE		2,085,455		14		-		2,085,469		232		460		1,289		1,981		2,087,450
Residential CRE		42,182		178		-		42,360		-		-		795		795		43,155
Purchased credit-impaired loans		4,809		109		-		4,918		-		-		-		-		4,918
Total commercial real estate		2,132,446		301		-		2,132,747		232		460		2,084		2,776		2,135,523
Consumer real estate:
HELOC		1,602,640		17,997		10,859		1,631,496		46,964		4,201		8,922		60,087		1,691,583
R/E installment loans		2,794,866		7,844		5,158		2,807,868		17,989		2,383		2,353		22,725		2,830,593
Purchased credit-impaired loans		1,319		164		93		1,576		-		-		-		-		1,576
Total consumer real estate		4,398,825		26,005		16,110		4,440,940		64,953		6,584		11,275		82,812		4,523,752
Permanent mortgage		385,972		4,544		5,428		395,944		11,867		2,194		13,120		27,181		423,125
Credit card & other:
Credit card		188,573		1,622		1,456		191,651		-		-		-		-		191,651
Other		166,062		992		134		167,188		-		-		142		142		167,330
Purchased credit-impaired loans		52		-		-		52		-		-		-		-		52
Total credit card & other		354,687		2,614		1,590		358,891		-		-		142		142		359,033
Total loans, net of unearned income	$	19,377,918	$	42,570	$	23,385	$	19,443,873	$	$93,158	$	9,612	$	$42,877	$	$145,647	$	$19,589,520

TRUPS is presented net of the valuation allowance of $25.5 million.

The following table reflects accruing and non-accruing loans by class on December 31, 2015:

	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	$	8,413,480	$	5,411	$	282	$	8,419,173	$	3,649	$	1,114	$	18,103	$	22,866	$	8,442,039
Loans to mortgage companies		1,667,334		1,971		495		1,669,800		-		-		108		108		1,669,908
TRUPS (a)		305,027		-		-		305,027		-		-		3,339		3,339		308,366
Purchased credit-impaired loans		15,708		63		306		16,077		-		-		-		-		16,077
Total commercial (C&I)		10,401,549		7,445		1,083		10,410,077		3,649		1,114		21,550		26,313		10,436,390
Commercial real estate:
Income CRE		1,576,954		1,363		-		1,578,317		831		282		6,291		7,404		1,585,721
Residential CRE		66,846		-		-		66,846		-		-		1,280		1,280		68,126
Purchased credit-impaired loans		17,868		3,059		161		21,088		-		-		-		-		21,088
Total commercial real estate		1,661,668		4,422		161		1,666,251		831		282		7,571		8,684		1,674,935
Consumer real estate:
HELOC		1,972,286		21,570		10,920		2,004,776		61,317		6,619		10,303		78,239		2,083,015
R/E installment loans		2,631,419		9,394		5,657		2,646,470		26,348		1,649		4,856		32,853		2,679,323
Purchased credit-impaired loans		4,069		20		91		4,180		-		-		-		-		4,180
Total consumer real estate		4,607,774		30,984		16,668		4,655,426		87,665		8,268		15,159		111,092		4,766,518
Permanent mortgage		412,879		5,601		3,991		422,471		14,475		2,415		14,762		31,652		454,123
Credit card & other:
Credit card		187,807		1,576		1,225		190,608		-		-		-		-		190,608
Other		161,477		868		173		162,518		620		-		737		1,357		163,875
Purchased credit-impaired loans		53		-		-		53		-		-		-		-		53
Total credit card & other		349,337		2,444		1,398		353,179		620		-		737		1,357		354,536
Total loans, net of unearned income	$	17,433,207	$	50,896	$	23,301	$	17,507,404	$	107,240	$	12,079	$	59,779	$	179,098	$	17,686,502

TRUPS is presented net of the valuation allowance of $25.5 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.

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. 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. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty, and whether a concession has been granted, are 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 the former 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-to-income ratio. After 5 years, the interest rate generally returns to the original interest rate prior to modification; for certain modifications, the modified interest rate increases 2 percent per year until the original interest rate prior to modification is achieved. 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-to-income ratio. After 5 years, the interest rate steps up 1 percent every year 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. As a result, FHN classifies all non-reaffirmed residential real estate loans discharged in Chapter 7 bankruptcy as nonaccruing TDRs.

On December 31, 2016 and 2015, FHN had $285.2 million and $296.2 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $44.9 million and $50.1 million, or 16 percent as of December 31, 2016, and 17 percent as of December 31, 2015. Additionally, $69.3 million and $71.5 million of loans held-for-sale as of December 31, 2016 and 2015, respectively, were classified as TDRs.


The following tables reflect portfolio loans that were classified as TDRs during the year ended December 31, 2016 and 2015:

		2016					2015
			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		8	$	23,876	$	22,026	3	$	1,818	$	1,754
	Total commercial (C&I)	8		23,876		22,026	3		1,818		1,754
Commercial real estate:
Income CRE		1		100		99	-		-		-
	Total commercial real estate	1		100		99	-		-		-
Consumer real estate:
HELOC		236		21,173		20,937	200		22,530		22,334
R/E installment loans		51		4,918		5,193	70		5,451		5,456
	Total consumer real estate	287		26,091		26,130	270		27,981		27,790
Permanent mortgage		13		4,811		4,802	6		2,039		2,054
Credit card & other		23		116		110	24		115		109
Total troubled debt restructurings		332	$	54,994	$	53,167	303	$	31,953	$	31,707


The following tables present TDRs which re-defaulted during 2016 and 2015, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.

		2016			2015
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		1	$	77	-	$	-
	Total commercial (C&I)	1		77	-		-
Commercial real estate:
Residential CRE		-		-	1		896
	Total commercial real estate	-		-	1		896
Consumer real estate:
HELOC		3		154	7		308
R/E installment loans		3		1,560	5		185
	Total consumer real estate	6		1,714	12		493
Credit card & other		-		-	5		12
Total troubled debt restructurings		7	$	1,791	18	$	1,401

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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