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Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Derivatives [Abstract]  
Derivatives Associated With Fixed Income Trading Activities
The following tables summarize FHN’s derivatives associated with fixed income trading activities as of December 31, 2016 and 2015:
December 31, 2016
(Dollars in thousands) Notional  Assets  Liabilities
Customer Interest Rate Contracts $1,697,992  $39,495  $14,996  
Offsetting Upstream Interest Rate Contracts 1,697,992  14,996  39,495  
Option Contracts Purchased17,50063-
Option Contracts Written5,000-8
Forwards and Futures Purchased 2,916,750  6,257  26,659  
Forwards and Futures Sold 3,085,396  27,330  6,615  

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 Purchased5,00027-
Forwards and Futures Purchased 1,957,5242,2121,634
Forwards and Futures Sold 2,168,609  2,149  1,893  
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, 2016 and 2015:
December 31, 2016
(Dollars in thousands) NotionalAssetsLiabilitiesGains/(Losses)
Customer Interest Rate Contracts Hedging      
Hedging Instruments and Hedged Items:      
Customer Interest Rate Contracts (a)$1,357,920  $17,566  $14,277$(22,969)
Offsetting Upstream Interest Rate Contracts (a)1,357,920  14,277  18,066  22,969
Debt Hedging      
Hedging Instruments:      
Interest Rate Swaps (b)$900,000  $1,628  $7,276$(3,552)
Hedged Items:      
Term Borrowings (b)N/A  N/A  $ 900,000 (c)$3,429(d)

  December 31,2015
(Dollars in thousands)   NotionalAssetsLiabilitiesGains/(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)

  • Gains/losses included in the All other expense section of the Consolidated Statements 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.
Derivative Associated With Cash Flow Hedges
The following table summarizes FHN’s derivative activities associated with cash flow hedges as of and for the year ended December 31, 2016:
  
December 31, 2016
(Dollars in thousands) NotionalAssetsLiabilitiesGains/(Losses)
Cash Flow Hedges          
Hedging Instruments:          
Interest Rate Swaps (a)$250,000  N/A    $2,045  $ (2,045) (b)
Hedged Items:
Variability in Cash Flows Related to Debt Instruments (Primarily Loans)N/A  $250,000    N/AN/A

(a) Amount represents the pre-tax gains/(losses) included within AOCI.

(b) Includes approximately $.5 million of losses expected to be reclassified into earnings in the next twelve months.

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, 2016 and 2015:
  December 31,2016
(Dollars in thousands)   NotionalAssetsLiabilitiesGains/(Losses)
Loan Portfolio Hedging      
Hedging Instruments:      
Interest Rate Swaps  $6,500  N/A  $208  $280  
Hedged Items:      
Trust Preferred Loans (a)N/A$6,500 (b)N/A$(276) (c)

December 31,2015
(Dollars in thousands)   NotionalAssetsLiabilitiesGains/(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)

  • Assets included in the Loans, net of unearned income section of the Consolidated Statements 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 details of derivative assets and collateral received as presented on the Consolidated Statements of Condition as of December 31:
Gross amounts not offset in the
Statements of Condition
Gross amountsNet amounts ofDerivative
Gross amountsoffset in the assets presentedliabilities
of recognizedStatements ofin the Statementsavailable forCollateral
(Dollars in thousands)assetsConditionof Condition (a)offsetReceivedNet amount
Derivative assets:
2016 (b)$87,962$-$87,962$(25,953)$(52,888)$9,121
2015 (b)99,828-99,828(9,972)(89,856)-

  • Included in Derivative assets on the Consolidated Statements of Condition. As of December 31, 2016 and 2015, $33.7 million and $4.5 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.
  • 2016 and 2015 are comprised entirely of interest rate derivative contracts.
Derivative Liabilities and Collateral Pledged
The following table provides details of derivative liabilities and collateral pledged as presented on the Consolidated Statements of Condition as of December 31:
Gross amounts not offset in the
Statements of Condition
Gross amountsNet amounts of
Gross amountsoffset in the liabilities presentedDerivative
of recognizedStatements ofin the Statementsassets availableCollateral
(Dollars in thousands)liabilitiesConditionof Condition (a)for offsetpledgedNet amount
Derivative liabilities:
2016 (b)$96,363$-$96,363$(25,953)$(60,746)$9,664
2015 (b)100,002-100,002(9,972)(62,172)27,858

  • Included in Derivative liabilities on the Consolidated Statements of Condition. As of December 31, 2016 and 2015, $39.5 million and $8.3 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.
  • 2016 and 2015 are comprised entirely of interest rate derivative contracts.