Derivatives (Tables)

3 Months Ended

Mar. 31, 2012

Derivatives [Abstract]

Derivatives Associated With Legacy Mortgage Servicing Activities

							Gains/(Losses)
(Dollars in thousands)	Notional		Assets		Liabilities		Three Months Ended March  31, 2012
Retained Interests Hedging
Hedging Instruments:
Forwards and Futures (a) (b)	$	2,361,000	$	25,200	$	1,155	$	(1,311	)
Interest Rate Swaps and Swaptions (a) (b)	$	2,420,000	$	9,713	$	30,443	$	4,384
Hedged Items:
Mortgage Servicing Rights (b) (c)		N/A	$	139,672		N/A	$	5,031
Other Retained Interests (b) (d)		N/A	$	24,610		N/A	$	960

(a) Assets included in the Other assets section of the Consolidated Condensed Statements of Condition. Liabilities included in the Other liabilities section of the Consolidated Condensed Statements of Condition.

(b) Gains/losses included in the Mortgage banking income section of the Consolidated Condensed Statements of Income.

(c) Assets included in the Mortgage servicing rights section of the Consolidated Condensed Statements of Condition.

(d) Assets included in the Trading securities section of the Consolidated Condensed Statements of Condition.

The following table summarizes FHN's derivatives associated with legacy mortgage servicing activities for the three months ended March 31, 2011:

							Gains/(Losses)
(Dollars in thousands)	Notional		Assets		Liabilities		Three Months Ended March 31, 2011
Retained Interests Hedging
Hedging Instruments:
Forwards and Futures (a) (b)	$	4,868,000	$	4,852	$	11,650	$	(4,044	)
Interest Rate Swaps and Swaptions (a) (b)	$	3,848,000	$	25,578	$	13,570	$	7,339
Hedged Items:
Mortgage Servicing Rights (b) (c)		N/A	$	203,936		N/A	$	7,133
Other Retained Interests (b) (d)		N/A	$	34,127		N/A	$	2,044

(a) Assets included in the Other assets section of the Consolidated Condensed Statements of Condition. Liabilities included in the Other liabilities section of the Consolidated Condensed Statements of Condition.

(b) Gains/losses included in the Mortgage banking income section of the Consolidated Condensed Statements of Income.

(c) Assets included in the Mortgage servicing rights section of the Consolidated Condensed Statements of Condition.

(d) Assets included in the Trading securities section of the Consolidated Condensed Statements of Condition.

Derivatives Associated With Capital Markets Trading Activities

		March 31, 2012
(Dollars in thousands)		Notional	Assets		Liabilities
Customer Interest Rate Contracts		$1,502,356	$	113,429	$	2,749
Offsetting Upstream Interest Rate Contracts		1,502,356		2,749		113,429
Forwards and Futures Purchased		4,222,885		2,737		4,716
Forwards and Futures Sold		4,557,546		4,454		4,667
		March 31, 2011
(Dollars in thousands)		Notional	Assets		Liabilities
Customer Interest Rate Contracts	$	1,579,996	$	55,979	$	4,968
Offsetting Upstream Interest Rate Contracts		1,579,996		4,968		55,979
Option Contracts Purchased		8,000		14		—
Forwards and Futures Purchased		3,862,658		7,117		1,912
Forwards and Futures Sold		4,251,527		2,247		9,689

Derivatives Associated With Interest Rate Risk Management Activities

								Gains/(Losses)
(Dollars in thousands)	Notional		Assets		Liabilities			Three Months Ended March 31, 2012
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer Interest Rate Contracts (a)	$	1,000,992	$	63,749	$	362		$	(5,789	)
Offsetting Upstream Interest Rate Contracts (a)	$	1,000,992	$	362	$	65,449		$	6,189
Debt Hedging
Hedging Instruments:
Interest Rate Swaps (b)	$	1,604,000	$	117,944	$	1,236		$	(10,231	)
Hedged Items:
Term Borrowings (b)		N/A		N/A	$	1,604,000	(c)	$	10,231	(d)

								Gains/(Losses)
(Dollars in thousands)	Notional		Assets		Liabilities			Three Months Ended March 31, 2011
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer Interest Rate Contracts (a)	$	1,041,339	$	60,827	$	963		$	(10,890	)
Offsetting Upstream Interest Rate Contracts (a)	$	1,041,339	$	963	$	63,727		$	11,590
Debt Hedging
Hedging Instruments:
Interest Rate Swaps (b)	$	1,604,000	$	94,205	$	15,897		$	(19,427	)
Hedged Items:
Term Borrowings (b)		N/A		N/A	$	1,604,000	(c)	$	19,427	(d)

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

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

Schedule Of Derivative Activities Associated With Trust Preferred Loans

								Gains/(Losses)
(Dollars in thousands)	Notional		Assets			Liabilities		Three Months Ended March 31, 2012
Loan Portfolio Hedging
Hedging Instruments:
Interest Rate Swaps	$	196,250		N/A		$	7,017	$	1,792
Hedged Items:
Trust Preferred Loans (a)		N/A	$	196,250	(b)		N/A	$	(1,790	)(c)
								Gains/(Losses)
(Dollars in thousands)	Notional		Assets			Liabilities		Three Months Ended March 31, 2011
Loan Portfolio Hedging
Hedging Instruments:
Interest Rate Swaps	$	201,583		N/A		$	14,102	$	3,096
Hedged Items:
Trust Preferred Loans (a)		N/A	$	201,583	(b)		N/A	$	(3,101	)(c)

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