Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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)			2016		2015		2014
Consolidated Statements of Income:
Income tax expense/(benefit)		$	106,810	$	10,941	$	84,185
Consolidated Statements of Equity:
Income tax expense/(benefit) related to:
	Net unrealized gains/(losses) on pension and other postretirement plans		(7,172)		(6,689)		(42,842)
	Net unrealized gains/(losses) on securities available-for-sale		(12,810)		(9,445)		18,135
	Net unrealized gains/(losses) on cash flow hedges		(780)		-		-
	Share based compensation		(1,613)		(356)		7,220
Total		$	84,435	$	(5,549)	$	66,698

Schedule Of Components Of Income Tax Expense/(Benefit)

The components of income tax expense/(benefit) for the years ended December 31, were as follows:
(Dollars in thousands)			2016		2015		2014
Current:
	Federal	$	25,234	$	(5,059)	$	83,916
	State		1,803		(8,258)		(3,461)
	Foreign		169		62		1
Deferred:
	Federal		67,109		19,487		(157)
	State		12,495		4,706		3,872
	Foreign		-		3		14
Total		$	106,810	$	10,941	$	84,185

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 follows:
(Dollars in thousands)			2016		2015		2014
Federal income tax rate			35%		35%		35%
Tax computed at statutory rate		$	120,862	$	37,889	$	111,381
Increase/(decrease) resulting from:
	State income taxes		9,918		7		8,786
	Bank-owned life insurance ("BOLI")		(5,661)		(4,897)		(6,671)
	401(k) - employee stock ownership plan ("ESOP")		(824)		(714)		(659)
	Tax-exempt interest		(7,098)		(6,507)		(5,798)
	Non-deductible expenses		1,079		887		829
	LIHTC credits and benefits, net of amortization		(6,165)		(7,239)		(8,075)
	Other tax credits		(3,886)		(2,012)		(1,033)
	Change in valuation allowance - DTA		(116)		(3,875)		(13,168)
	Other changes in unrecognized tax benefits		616		(1,386)		(1,570)
	Other		(1,915)		(1,212)		163
	Total	$	106,810	$	10,941	$	84,185

Net DTA balances related to income tax carryforwards

As of December 31, 2016, FHN had net deferred tax asset balances related to federal and state income tax carryforwards of $124.7 million and $19.4 million, respectively, which will expire at various dates as follows:

		Net Deferred Tax Asset Balance
(Dollars in thousands)	Expiration Dates
Alternative minimum tax credits-federal	None	$	14,707
General business credits-federal	2030-2036		65,341
Capital loss carryforward - federal	2017		40,404
Capital loss carryforward - federal	2021		4,065
Net operating losses-federal	2027		175
Net operating losses-states	2017-2021		1,355
Net operating losses-states	2022-2035		18,083

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, 2016 and 2015 were as follows:
(Dollars in thousands)	2016		2015
Deferred tax assets:
Loss reserves	$	65,605	$	88,925
Employee benefits		83,074		143,474
Accrued expenses		16,767		13,753
Capital loss carryforwards		44,469		40,499
Credit carryforwards		80,048		68,716
State NOL carryforwards		19,438		19,111
Investment in debt securities (ASC 320)		10,693		-
Other		17,515		18,970
Gross deferred tax assets		337,609		393,448
Valuation allowance		(40,593)		(40,806)
Deferred tax assets after valuation allowance	$	297,016	$	352,642
Deferred tax liabilities:
Depreciation and amortization	$	36,347	$	32,177
Equity investments		12,196		10,743
Investment in debt securities (ASC 320)		-		2,088
Other intangible assets		37,596		34,056
Prepaid expenses		11,150		10,893
Other		114		3,366
Gross deferred tax liabilities		97,403		93,323
Net deferred tax assets	$	199,613	$	259,319
Certain previously reported amounts have been reclassified to agree with current presentation.

Schedule Of Rollforward Of Unrecognized Tax Benefits

The rollforward of unrecognized tax benefits is shown below:
(Dollars in thousands)
Balance at December 31, 2014	$	5,207
Increases related to prior year tax positions		913
Decreases related to prior year tax positions		(428)
Increases related to current year tax positions		90
Lapse of statute		(2,109)
Balance at December 31, 2015	$	3,673
Increases related to prior year tax positions		951
Increases related to current year tax positions		27
Settlements		(407)
Balance at December 31, 2016	$	4,244