XML 58 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans (Tables)
 3 Months Ended
Mar. 31, 2013
Loans [Abstract]  
Schedule Of Loans By Portfolio Segment
The following table provides the balance of loans by portfolio segment as of March 31, 2013 and 2012, and December 31, 2012:
           
    March 31 December 31 
(Dollars in thousands)   2013 2012 2012 
Commercial:           
 Commercial, financial, and industrial  $8,091,186 $7,705,153 $8,796,956 
 Commercial real estate           
  Income CRE 1,062,588  1,247,089  1,109,930 
  Residential CRE 53,291  99,837  58,305 
Retail:           
 Consumer real estate (a) 5,590,180  5,858,821  5,688,703 
 Permanent mortgage (b) 793,282  788,700  765,583 
 Credit card & other 299,143  271,730  289,105 
Loans, net of unearned income$15,889,670 $15,971,330 $16,708,582 
Allowance for loan losses 265,218  346,016  276,963 
Total net loans  $15,624,452 $15,625,314 $16,431,619 

  • Balances as of March 31, 2013 and 2012, and December 31, 2012 include $386.4 million, $467.0 million, and $402.4 million of restricted and secured real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.
  • Balances as of March 31, 2013 and 2012, and December 31, 2012 include $13.0 million, $38.0 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.
Rollforward Of The Allowance For Loan Losses By Portfolio Segment
The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three months ended March 31, 2013 and 2012:  
     Commercial Consumer Permanent Credit Card    
(Dollars in thousands)C&I Real Estate Real Estate Mortgage and Other Total 
Balance as of January 1, 2012  $ 130,413 $ 55,586 $ 165,077 $ 26,194 $ 7,081 $ 384,351 
Charge-offs  (6,074)   (9,619)   (34,133)   (4,638)   (2,619)   (57,083) 
Recoveries    4,514   496   4,139   523   1,076   10,748 
Provision    (9,275)   (414)   6,564   10,493   632   8,000 
Balance as of March 31, 2012  119,578   46,049   141,647   32,572   6,170   346,016 
Allowance - individually evaluated for impairment    29,147   7,976   32,300   16,722   241   86,386 
Allowance - collectively evaluated for impairment    90,431   38,073   109,347   15,850   5,929   259,630 
Loans, net of unearned as of March 31, 2012:                    
 Individually evaluated for impairment    151,219   110,123   117,556   102,033   1,028   481,959 
 Collectively evaluated for impairment    7,553,934   1,236,803   5,741,265   686,667   270,702   15,489,371 
Total loans, net of unearned $ 7,705,153 $ 1,346,926 $ 5,858,821 $ 788,700 $ 271,730 $ 15,971,330 
Balance as of January 1, 2013  $ 96,191 $ 19,997 $ 128,949 $ 24,928 $ 6,898 $ 276,963 
Charge-offs  (4,436)   (1,381)   (23,996)   (3,387)   (2,900)   (36,100) 
Recoveries    2,496   646   5,504   144   565   9,355 
Provision  (8,146)   (4,124)   20,960   3,763   2,547   15,000 
Balance as of March 31, 2013   86,105   15,138   131,417   25,448   7,110   265,218 
Allowance - individually evaluated for impairment    15,463   156   40,778   22,239   231   78,867 
Allowance - collectively evaluated for impairment    70,642   14,982   90,639   3,209   6,879   186,351 
Loans, net of unearned as of March 31, 2013:                    
 Individually evaluated for impairment    111,036   43,501   165,927   136,430   747   457,641 
 Collectively evaluated for impairment    7,980,150   1,072,378   5,424,253   656,852   298,396   15,432,029 
Total loans, net of unearned $ 8,091,186 $ 1,115,879 $ 5,590,180 $ 793,282 $ 299,143 $ 15,889,670 
  
Information By Class Related To Individually Impaired Loans
Impaired Loans               
                 
The following tables provide information at March 31, 2013 and 2012, by class related to individually impaired loans and consumer TDR's. 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, LOCOM has been excluded. 
        
             
  March 31, 2013 
     Unpaid    Average Interest 
  RecordedPrincipalRelatedRecorded Income 
(Dollars in thousands)InvestmentBalanceAllowanceInvestment Recognized 
Impaired loans with no related allowance recorded:             
Commercial:               
 General C&I$60,849 $73,873 $ - $60,581 $ 80 
 TRUPs 10,000  10,000   -  17,000   - 
 Income CRE 28,136  40,034   -  30,968   75 
 Residential CRE 14,294  21,507   -  14,467   63 
 Total$113,279 $145,414 $0 $123,016 $ 218 
Retail:               
 HELOC (a)$21,058 $38,055 $ - $20,698 $ - 
 R/E installment loans (a) 13,329  15,207   -  11,825   - 
 Permanent mortgage (a) 14,634  14,634   -  13,125   - 
 Total$49,021 $67,896 $0 $45,648 $ - 
Impaired loans with related allowance recorded:             
Commercial:               
 General C&I$3,754 $3,754 $1,159 $7,027 $ - 
 TRUPs 40,200  40,200  14,304  36,950   - 
 Income CRE 1,071  1,071  156  1,075   11 
 Total$45,025 $45,025 $15,619 $45,052 $ 11 
Retail:               
 HELOC$63,066 $63,066 $16,559 $61,358 $ 426 
 R/E installment loans 68,474  68,474  24,219  69,082   285 
 Permanent mortgage 121,796  121,796  22,239  122,744   683 
 Credit card & other 747  747  231  782   8 
 Total$254,083 $254,083 $63,248 $253,966 $ 1,402 
Total commercial$158,304 $190,439 $15,619 $168,068 $ 229 
Total retail$303,104 $321,979 $63,248 $299,614 $ 1,402 
Total impaired loans$461,408 $512,418 $78,867 $467,682 $ 1,631 

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

             
  March 31, 2012 
     Unpaid    Average Interest 
  RecordedPrincipalRelatedRecordedIncome 
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognized 
Impaired loans with no related allowance recorded:             
Commercial:               
 General C&I$63,595 $80,563 $ - $69,288 $ 203 
 TRUPs 47,000  47,000   -  47,000   - 
 Income CRE 64,190  111,789   -  65,921   77 
 Residential CRE 24,210  41,518   -  24,250   72 
 Total$198,995 $280,870 $ - $206,459 $ 352 
Impaired loans with related allowance recorded:             
Commercial:               
 General C&I$12,831 $12,993 $5,322 $13,637 $ 34 
 TRUPs 33,700  33,700  23,825  33,700   - 
 Income CRE 2,208  2,208  446  2,215   15 
 Residential CRE 19,515  19,515  7,530  20,334   - 
 Total$68,254 $68,416 $37,123 $69,886 $ 49 
Retail:               
 HELOC$52,411 $52,411 $14,165 $51,165 $ 373 
 R/E installment loans 65,145  65,145  18,135  63,728   265 
 Permanent mortgage 102,033  102,033  16,722  91,496   656 
 Credit card & other 1,028  1,028  241  1,073   11 
 Total$220,617 $220,617 $ 49,263 $207,462 $ 1,305 
Total commercial$267,249 $349,286 $37,123 $276,345 $ 401 
Total retail$220,617 $220,617 $49,263 $207,462 $ 1,305 
Total impaired loans$487,866 $569,903 $86,386 $483,807 $ 1,706 
  
Certain previously reported amounts have been reclassified to agree with current presentation. 
Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade
The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of March 31, 2013 and 2012:  
 March 31, 2013 
    Loans to               Allowance 
 General Mortgage    IncomeResidential  Percentage for Loan
(Dollars in thousands)C&I Companies TRUPS (a) CRECRETotalof Total Losses
PD Grade:                       
1$ 169,342 $ - $ - $ - $ - $ 169,342 2%  $ 51 
2  172,481   -   -   2,513   -   174,994 2     82 
3  164,654   -   -   6,241   -   170,895 2     101 
4  309,242   -   -   6,188   216   315,646 3     421 
5  672,509   -   -   34,672   275   707,456 8     1,284 
6  939,686   121,538   -   148,174   7,308   1,216,706 13     3,206 
7  1,012,012   329,484   -   177,656   1,877   1,521,029 17     3,397 
8  1,015,430   411,119   -   237,433   257   1,664,239 18     5,314 
9  641,720   227,410   -   123,351   765   993,246 11     8,851 
10  461,381   40,177   -   106,948   1,053   609,559 7     7,805 
11  440,142   -   -   54,810   1,801   496,753 5     9,837 
12  168,677   -   -   22,233   188   191,098 2     2,808 
13  114,717   -   337,725   36,729   10,585   499,756 5     8,371 
14,15,16  227,018   351   3,335   76,433   14,672   321,809 3     34,096 
Collectively evaluated for impairment  6,509,011   1,130,079   341,060   1,033,381   38,997   9,052,528 98     85,624 
Individually evaluated for impairment  64,603   -   46,433   29,207   14,294   154,537 2     15,619 
Total commercial loans$ 6,573,614 $ 1,130,079 $ 387,493 $ 1,062,588 $ 53,291 $ 9,207,065 100%  $ 101,243 

 March 31, 2012 
    Loans to               Allowance 
 GeneralMortgage  IncomeResidential  Percent offor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalTotalLosses
PD Grade:                       
1$ 185,999 $ - $0 $ - $ - $ 185,999  2% $ 59 
2  190,005   -  0   2,594   -   192,599 2   75 
3  163,589   -  0   21,307   -   184,896 2   104 
4  218,712   -  0   6,428   93   225,233 2   225 
5  388,541   -  0   30,600   297   419,438 5   915 
6  895,483   123,307  0   96,550   4,380   1,119,720 12   3,867 
7  852,631   434,345  0   214,099   5,812   1,506,887 17   8,592 
8  952,757   366,556  0   151,064   422   1,470,799 16   12,760 
9  619,101   127,639  0   158,179   2,656   907,575 10   12,032 
10  504,433   18,734  0   94,077   1,878   619,122 7   9,194 
11  479,398   -  0   124,662   1,473   605,533 7   12,424 
12  163,692   -   -   16,013   3,353   183,058 2   3,513 
13  206,166   -   334,099   67,431   7,383   615,079 7   12,344 
14,15,16  324,666   -   4,081   197,688   28,364   554,799 6   52,400 
Collectively evaluated for impairment 6,145,173   1,070,581   338,180   1,180,692   56,111  8,790,737  97   128,504 
Individually evaluated for impairment  76,426  0   74,793   66,397   43,726   261,342  3   37,123 
Total commercial loans$6,221,599 $ 1,070,581 $ 412,973 $1,247,089 $ 99,837 $9,052,079  100% $ 165,627 
Certain previously reported amounts have been reclassified to agree with current presentation. 

  • Balances as of March 31, 2013 and 2012, presented net of $30.9 million and $34.2 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC
The following tables reflect period-end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of March 31, 2013 and 2012:
                    
HELOC                  
(Dollars in thousands) March 31, 2013 March 31, 2012 
     Average Average    Average Average 
  Period End OriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalance FICOFICOBalanceFICOFICO
pre-2003$ 108,054  714  705 $ 167,660  722  715 
2003  208,233  732  723   259,437  733  724 
2004  469,608  727  717   565,929  728  718 
2005  592,322  734  719   704,568  734  720 
2006  437,889  740  725   523,464  741  724 
2007  460,916  745  728   542,266  746  731 
2008  250,427  754  747   286,454  755  749 
2009  134,294  752  745   170,186  754  751 
2010  133,917  753  749   167,914  755  755 
2011  129,303  759  756   159,368  760  757 
2012  155,758  760  758   35,208  762  758 
2013  27,853  756  754   -   -   - 
Total$3,108,574  740  729 $ 3,582,454  740  729 
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans
                    
R/E Installment LoansMarch 31, 2013March 31, 2012
(Dollars in thousands)    Average Average    Average Average 
  Period End Origination Refreshed Period End Origination Refreshed 
Origination VintageBalance  FICO FICO Balance FICO FICO 
pre-2003$ 33,454  685  682 $ 51,213  689  685 
2003  101,107  719  727   147,224  722  730 
2004  66,809  703  701   90,717  709  707 
2005  197,153  717  711   254,045  720  713 
2006  209,755  718  703   277,821  720  704 
2007  299,659  726  711   389,145  729  712 
2008  104,651  725  716   143,844  733  724 
2009  53,302  746  744   84,485  750  748 
2010  146,048  746  750   187,301  746  756 
2011  390,546  760  761   462,341  761  758 
2012  741,406  764  762   188,231  765  767 
2013  137,716  761  759   -   -   - 
Total$2,481,606  744  739 $2,276,367  737  729 
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans
                    
Permanent MortgageMarch 31, 2013March 31, 2012
(Dollars in thousands)    Average Average    Average Average 
  Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2004 (a)$ 249,523  726  727 $ 146,858  724  732 
2004  28,662  714  691   49,152  719  688 
2005  47,382  739  713   58,748  740  715 
2006  89,179  732  712   104,922  735  708 
2007  260,136  734  711   288,517  734  704 
2008  118,400  742  712   140,503  742  713 
Total$ 793,282  731  711 $788,700  734  711 
                    

  • Increase in 2013 balance within the pre-2004 vintages reflect the impact of clean-up calls exercised by FHN during first quarter 2013 and third quarter 2012.

 
Accruing Delinquency Amounts For Credit Card And Other Portfolio Classes
The following table reflects accruing delinquency amounts for the credit card and other portfolio classes as of March 31:
             
 Credit Card Other 
(Dollars in thousands)2013 2012 2013 2012 
Accruing delinquent balances:            
30-89 days past due$ 1,430 $ 1,368 $723 $533 
90+ days past due  1,483   1,456  90  65 
Total$ 2,913 $ 2,824 $ 813 $598 
Accruing And Non-Accruing Loans By Class
The following table reflects accruing and non-accruing loans by class on March 31, 2013: 
                             
  Accruing Non-Accruing   
     30-89 90+       30-89 90+ Total    
     Days Past Days Total    Days Days Non- Total 
(Dollars in thousands) Current Due Past Due Accruing Current  Past Due Past Due Accruing Loans 
Commercial (C&I):                           
General C&I$ 6,493,628 $ 13,177 $ 428 $ 6,507,233 $ 22,439 $ 9,694 $ 34,248 $ 66,381 $ 6,573,614 
Loans to mortgage companies  1,129,728   -   -   1,129,728   -   -   351   351   1,130,079 
TRUPs (a)  341,060   -   -   341,060   -   -   46,433   46,433   387,493 
Total commercial C&I  7,964,416   13,177   428   7,978,021   22,439   9,694   81,032   113,165   8,091,186 
Commercial real estate:                           
Income CRE  1,031,037   4,679   -   1,035,716   5,643   1,705   19,524   26,872   1,062,588 
Residential CRE  41,576   -   -   41,576   1,383   -   10,332   11,715   53,291 
Total                           
  commercial real estate  1,072,613   4,679   -   1,077,292   7,026   1,705   29,856   38,587   1,115,879
Consumer real estate:                           
HELOC  3,022,483   28,914   18,135   3,069,532   28,072   1,390   9,580   39,042   3,108,574 
R/E installment loans  2,432,315   11,977   8,456   2,452,748   19,692   2,685   6,481   28,858   2,481,606 
Total consumer real estate  5,454,798   40,891   26,591   5,522,280   47,764   4,075   16,061   67,900   5,590,180 
Permanent mortgage  741,500   6,025   11,126   758,651   12,866   1,266   20,499   34,631   793,282 
Credit card & other                           
Credit card  178,310   1,430   1,483   181,223   -   -   -   -   181,223 
Other  115,390   723   90   116,203   1,717   -   -   1,717   117,920 
Total credit card & other  293,700   2,153   1,573   297,426   1,717   -   -   1,717   299,143 
Total loans, net of unearned$ 15,527,027 $ 66,925 $ 39,718 $ 15,633,670 $ 91,812 $ 16,740 $ 147,448 $ 256,000 $ 15,889,670 

  • Total TRUPs includes LOCOM valuation allowance of $30.9 million.

The following table reflects accruing and non-accruing loans by class on March 31, 2012:
  Accruing Non-Accruing   
     30-89 Days 90+ Days Total    30-89 Days 90+ Days Total Non-   
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingTotal Loans
Commercial (C&I):                           
General C&I$6,112,259 $29,520 $540 $6,142,319 $35,470 $13,202 $30,608 $79,280 $6,221,599 
Loans to mortgage companies 1,070,581  0  0  1,070,581  0   -  0  0  1,070,581 
TRUPs (a) 338,180  0  0  338,180  0   -  74,793  74,793  412,973 
Total commercial C&I 7,521,020  29,520  540  7,551,080  35,470  13,202  105,401  154,073  7,705,153 
Commercial real estate:                           
Income CRE 1,168,182  9,160  0  1,177,342  23,289  2,701  43,757  69,747  1,247,089 
Residential CRE 55,081  1,057  0  56,138  22,958  2,713  18,028  43,699  99,837 
Total commercial real estate 1,223,263  10,217  0  1,233,480  46,247  5,414  61,785  113,446  1,346,926 
Consumer real estate:                           
HELOC  3,496,858  37,832  20,749  3,555,439  12,713  2,937  11,365  27,015  3,582,454 
R/E installment loans 2,227,639  21,114  9,628  2,258,381  10,185  1,472  6,329  17,986  2,276,367 
Total consumer real estate 5,724,497  58,946  30,377  5,813,820  22,898  4,409  17,694  45,001  5,858,821 
Permanent mortgage 734,659  8,454  8,900  752,013  14,566  1,101  21,020  36,687  788,700 
Credit card & other                           
Credit card 179,744  1,368  1,456  182,568  0  0  0  0  182,568 
Other 86,425  533  65  87,023  4  0  2,135  2,139  89,162 
Total credit card & other 266,169  1,901  1,521  269,591  4  0  2,135  2,139  271,730 
Total loans, net of unearned$15,469,608 $109,038 $41,338 $15,619,984 $119,185 $24,126 $208,035 $351,346 $15,971,330 

  • Total TRUPs includes LOCOM valuation allowance of $34.2 million.
Schedule Of Troubled Debt Restructurings Occurring During The Year
The following tables reflect portfolio loans that were classified as TDRs during the three months ended March 31, 2013 and 2012: 
 2013 2012 
    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  5 $ 1,242 $ 1,238  4 $ 583 $ 576 
Total commercial (C&I)  5   1,242   1,238  4   583   576 
Commercial real estate:                 
Income CRE  -   -   -  3   7,961   7,829 
Residential CRE  -   -   -  1   50   50 
Total commercial real estate  -   -   -  4   8,011   7,879 
Consumer real estate:                 
HELOC   115   7,759   7,551  34   4,081   4,073 
R/E installment loans  179   6,285   6,233  59   7,543   7,611 
Total consumer real estate  294   14,044   13,784  93   11,624   11,684 
Permanent mortgage   12   4,737   4,852  38   29,893   30,064 
Credit card & other  11   62   59  22   91   87 
Total troubled debt restructurings  322 $ 20,085 $ 19,933  161 $ 50,202 $ 50,290 
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
 March 31, 2013 March 31 , 2012
    Recorded    Recorded
(Dollars in thousands)Number Investment Number Investment
Commercial (C&I):           
General C&I  7 $ 6,052   7 $ 3,990
Total commercial (C&I)  7   6,052   7   3,990
Commercial real estate:           
Income CRE  3   1,397   5   2,358
Residential CRE  1   33   1   50
Total commercial real estate  4   1,430   6   2,408
Consumer real estate:           
HELOC  7   344   10   1,210
R/E installment loans  4   129   18   1,706
Total consumer real estate  11   473   28   2,916
Permanent mortgage  9   4,398   -   -
Credit card & other  2   5   11   36
Total troubled debt restructurings  33 $ 12,358   52 $ 9,350