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Fair Value Of Assets And Liabilities (Tables)
 6 Months Ended
Jun. 30, 2013
Fair Value Of Assets And Liabilities [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
Recurring Fair Value Measurements   
                
The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2013: 
                
    June 30, 2013 
(Dollars in thousands)Level 1 Level 2 Level 3 Total 
Trading securities - capital markets:            
 U.S. treasuries$ -  $ 99,761 $ -  $ 99,761 
 Government agency issued MBS  -    446,797   -    446,797 
 Government agency issued CMO  -    116,347   -    116,347 
 Other U.S. government agencies  -    158,226   -    158,226 
 States and municipalities  -    11,950   -    11,950 
 Corporate and other debt  -    415,346   5   415,351 
 Equity, mutual funds, and other  -    3,044   -    3,044 
  Total trading securities - capital markets   -    1,251,471   5   1,251,476 
Trading securities - mortgage banking:            
 Principal only  -    -    5,264   5,264 
 Interest only  -    -    10,608   10,608 
  Total trading securities - mortgage banking  -    -    15,872   15,872 
Loans held-for-sale  -    -    235,080   235,080 
Securities available-for-sale:            
 U.S. treasuries  -    39,997   -    39,997 
 Government agency issued MBS  -    992,454   -    992,454 
 Government agency issued CMO  -    1,954,038   -    1,954,038 
 Other U.S. government agencies  -    -    2,854   2,854 
 States and municipalities  -    14,945   1,500   16,445 
 Venture capital  -    -    4,300   4,300 
 Equity, mutual funds, and other  14,475   -    -    14,475 
  Total securities available-for-sale  14,475   3,001,434   8,654   3,024,563 
Mortgage servicing rights  -    -    113,853   113,853 
Other assets:            
 Deferred compensation assets  22,302   -    -    22,302 
 Derivatives, forwards and futures  26,402   -    -    26,402 
 Derivatives, interest rate contracts   -    209,357   -    209,357 
  Total other assets  48,704   209,357   -    258,061 
  Total assets$ 63,179 $ 4,462,262 $ 373,464 $ 4,898,905 
Trading liabilities - capital markets:            
 U.S. treasuries$ -  $ 267,427 $ -  $ 267,427 
 Government agency issued MBS  -    3,977   -    3,977 
 Government agency issued CMO  -    20,927   -    20,927 
 Other U.S. government agencies  -    43,425   -    43,425 
 Corporate and other debt  -    258,359   -    258,359 
 Equity, mutual funds, and other  -    2,754   -    2,754 
   Total trading liabilities - capital markets  -    596,869   -    596,869 
                
Other short-term borrowings  -    -    12,349   12,349 
                
Other liabilities:            
 Derivatives, forwards and futures  35,027   -    -    35,027 
 Derivatives, interest rate contracts   -    161,267   -    161,267 
 Derivatives, other  -    -    2,195   2,195 
  Total other liabilities  35,027   161,267   2,195   198,489 
  Total liabilities$ 35,027 $ 758,136 $ 14,544 $ 807,707 

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2012: 
                
    June 30, 2012 
(Dollars in thousands)Level 1 Level 2 Level 3 Total 
Trading securities - capital markets:            
 U.S. treasuries$ -  $ 115,210 $ -  $ 115,210 
 Government agency issued MBS  -    469,805   -    469,805 
 Government agency issued CMO  -    125,404   -    125,404 
 Other U.S. government agencies  -    275,756   -    275,756 
 States and municipalities  -    46,596   -    46,596 
 Corporate and other debt  -    295,051   5   295,056 
 Equity, mutual funds, and other  -    9,732   -    9,732 
  Total trading securities - capital markets   -    1,337,554   5   1,337,559 
Trading securities - mortgage banking:            
  Principal only  -    5,667   -    5,667 
  Interest only  -    -    14,900   14,900 
  Total trading securities - mortgage banking  -    5,667   14,900   20,567 
Loans held-for-sale  -    8,923   214,560   223,483 
Securities available-for-sale:            
 U.S. treasuries  -    39,996   -    39,996 
 Government agency issued MBS  -    1,383,724   -    1,383,724 
 Government agency issued CMO  -    1,589,376   -    1,589,376 
 Other U.S. government agencies  -    8,492   4,661   13,153 
 States and municipalities  -    16,470   1,500   17,970 
 Corporate and other debt  521   -    -    521 
 Venture capital  -    -    9,000   9,000 
 Equity, mutual funds, and other  13,263   -    -    13,263 
  Total securities available-for-sale  13,784   3,038,058   15,161   3,067,003 
Mortgage servicing rights  -    -    129,291   129,291 
Other assets:            
 Deferred compensation assets  22,645   -    -    22,645 
 Derivatives, forwards and futures  22,523   -    -    22,523 
 Derivatives, interest rate contracts  -    318,287   -    318,287 
  Total other assets  45,168   318,287   -    363,455 
  Total assets$ 58,952 $ 4,708,489 $ 373,917 $ 5,141,358 
Trading liabilities - capital markets:            
 U.S. treasuries$ -  $ 260,547 $ -  $ 260,547 
 Government agency issued MBS  -    473   -    473 
 Other U.S. government agencies  -    27,152   -    27,152 
 Corporate and other debt  -    182,209   -    182,209 
 Equity, mutual funds, and other  -    250   -    250 
  Total trading liabilities - capital markets  -    470,631   -    470,631 
                
Other short-term borrowings  -    -    12,439   12,439 
Other liabilities:             
 Derivatives, forwards and futures  7,430   -    -    7,430 
 Derivatives, interest rate contracts  -    224,546   -    224,546 
 Derivatives, other  -    9   3,505   3,514 
  Total other liabilities  7,430   224,555   3,505   235,490 
  Total liabilities$ 7,430 $ 695,186 $ 15,944 $ 718,560 
Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value
Changes in Recurring Level 3 Fair Value Measurements   
                              
The changes in Level 3 assets and liabilities measured at fair value for the three months ended June 30, 2013 and 2012, on a recurring basis are summarized as follows:
                              
   Three Months Ended June 30, 2013  
          Securities available-for-sale Mortgage     Other   
   Trading Loans held- Investment  Venture servicing Net derivative short-term  
(Dollars in thousands)securities for-sale portfolio Capital rights, net liabilities borrowings  
Balance on April 1, 2013$ 16,459  $ 232,684  $ 4,776 $ 4,300  $ 109,102  $ (2,050)  $ (10,984)  
 Total net gains/(losses) included in:                           
   Net income  1,608    (2,310)    -    -     10,502    (466)    (1,365)  
   Other comprehensive income  -     -     (39)   -     -     -     -   
 Purchases  -     19,042    -    -     -     -     -   
 Issuances  -     -     -    -     -     -     -   
 Sales  -     -     -    -     -     -     -   
 Settlements  (2,190)    (10,372)    (383)   -     (5,751)    321    -   
 Net transfers into/(out of) Level 3  -     (3,964) (c)     -    -     -     -     -   
Balance on June 30, 2013$ 15,877  $ 235,080  $ 4,354 $ 4,300  $ 113,853  $ (2,195)  $ (12,349)  
Net unrealized gains/(losses) included in net income$ 1,156 (a)   $ (2,310) (a)   $ -  $ - (b)   $ 10,391 (a)   $ (466) (d)   $ (1,365) (a)   

   Three Months Ended June 30, 2012  
          Securities available-for-sale Mortgage     Other   
   Trading Loans held- Investment  Venture servicing Net derivative short-term  
(Dollars in thousands)securities for-sale portfolio Capital rights, net liabilities borrowings  
Balance on April 1, 2012$ 17,386  $ 214,603  $ 6,594 $ 12,179  $ 142,956  $ (2,960)  $ (15,073)  
 Total net gains/(losses) included in:                           
   Net income  (99)    1,078    -    5,071    (6,914)    (869)    2,634  
   Other comprehensive income  -     -     (4)   -     -     -     -   
 Purchases  -     6,725    -    -     -     -     -   
 Issuances  -     -     -    -     -     -     -   
 Sales  -     -     -    (8,250)    -     -     -   
 Settlements  (2,382)    (4,872)    (428)   -     (6,751)    324    -   
 Net transfers into/(out of) Level 3   -     (2,974) (c)     -    -     -     -     -   
Balance on June 30, 2012$ 14,905  $ 214,560  $ 6,162 $ 9,000  $ 129,291  $ (3,505)  $ (12,439)  
Net unrealized gains/(losses) included in net income$ (518) (a)   $ 1,078 (a)   $ -  $ - (b) $ (6,831) (a)   $ (869) (d)   $ 2,634 (a)   
                              
Certain previously reported amounts have been reclassified to agree with current presentation.

  • Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
  • Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.
  • Transfers out of recurring level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
  • Included in Other expense.

 

Changes in Recurring Level 3 Fair Value Measurements
                              
The changes in Level 3 assets and liabilities measured at fair value for the six months ended June 30, 2013 and 2012, on a recurring basis are summarized as follows: 
                              
   Six Months Ended June 30, 2013  
           Securities available-for-sale Mortgage     Other   
   Trading Loans held- Investment  Venture servicing Net derivative short-term  
(Dollars in thousands)securities for-sale portfolio Capital rights, net liabilities borrowings  
Balance on January 1, 2013$ 17,992  $ 221,094  $ 5,253 $ 4,300  $ 114,311  $ (2,175)  $ (11,156)  
 Total net gains/(losses) included in:                           
  Net income  2,529    (2,135)    -    -     11,335    (652)    (1,193)  
  Other comprehensive income  -     -     (76)   -     -     -     -   
 Purchases  -     37,509    -    -     -     -     -   
 Issuances  -     -     -    -     -     -     -   
 Sales  -     -     -    -     -     -     -   
 Settlements  (4,644)    (14,600)    (823)   -     (11,793)    632    -   
 Net transfers into/(out of) Level 3  -     (6,788) (c)     -    -     -     -     -   
Balance on June 30, 2013$ 15,877  $ 235,080  $ 4,354 $ 4,300  $ 113,853  $ (2,195)  $ (12,349)  
Net unrealized gains/(losses) included in net income$ 1,587 (a)   $ (2,135) (a)   $ -  $ - (b)   $ 11,316 (a)   $ (652) (d)   $ (1,193) (a)   

   Six Months Ended June 30, 2012 
           Securities available-for-sale Mortgage     Other   
   Trading Loans held- Investment  Venture servicing Net derivative short-term  
(Dollars in thousands)securities for-sale portfolio Capital rights, net liabilitiesborrowings  
Balance on January 1, 2012$ 18,059  $ 210,487  $ 7,262 $ 12,179  $ 144,069  $ (11,820)  $ (14,833)  
 Total net gains/(losses) included in:                           
  Net income  1,779    1,950    -    5,071    (2,443)    (1,611)    2,394  
  Other comprehensive income  -     -     (170)   -     -     -     -   
 Purchases  -     17,752    -    -     -     -     -   
 Issuances  -     -     -    -     -     -     -   
 Sales  -     -     -    (8,250)    -     -     -   
 Settlements  (4,933)    (10,626)    (930)   -     (12,335)    9,926    -   
 Net transfers into/(out of) Level 3   -     (5,003) (c)     -    -     -     -     -   
Balance on June 30, 2012$ 14,905  $ 214,560  $ 6,162 $ 9,000  $ 129,291  $ (3,505)  $ (12,439)  
Net unrealized gains/(losses) included in net income$ 888 (a)   $ 1,950 (a)   $ -  $ - (b) $ (1,618)(a)   $ (1,611) (d)   $ 2,394(a)   

Certain previously reported amounts have been reclassified to agree with current presentation.

 

  • Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
  • Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.
  • Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
  • Included in Other expense
Nonrecurring Fair Value Measurements
               Three Months Ended Six Months Ended 
 Carrying value at June 30, 2013June 30, 2013 June 30, 2013 
(Dollars in thousands)  Level 1 Level 2 Level 3 Total  Net gains/(losses) Net gains/(losses) 
Loans held-for-sale - first mortgages  $ -  $ -  $ 10,607 $ 10,607 $ (144) $ (60) 
Loans, net of unearned income (a)  -    -    109,488   109,488   (1,771)   (1,977) 
Real estate acquired by foreclosure (b)  -    -    51,809   51,809   (1,933)   (2,952) 
Other assets (c)  -    -    71,483   71,483   (1,437)   (3,046) 
               $ (5,285) $ (8,035) 

             Three Months Ended Six Months Ended 
 Carrying value at June 30, 2012 June 30, 2012 June 30, 2012 
(Dollars in thousands)  Level 1 Level 2 Level 3 Total  Net gains/(losses) Net gains/(losses) 
Loans held-for-sale - SBAs  $ -  $ 53,807 $ -  $ 53,807 $ 12 $ 16 
Loans held-for-sale - first mortgages    -    -    14,691   14,691   (452)   316 
Loans, net of unearned income (a)  -    -    106,864   106,864   (5,963)   (17,350) 
Real estate acquired by foreclosure (b)  -    -    48,916   48,916   (2,078)   (5,140) 
Other assets (c)  -    -    82,287   82,287   (1,219)   (3,204) 
               $ (9,700) $ (25,362) 
Certain previously reported amounts have been reclassified to agree with current presentation. 

  • Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
  • Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
  • Represents tax credit investments.
Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements
Level 3 Measurements 
          
The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of June 30, 2013 and 2012: 
           
(Dollars in Thousands)         
  Fair Value at        
Level 3 Class June 30, 2013Valuation TechniquesUnobservable InputValues Utilized 
Trading securities - mortgage $15,872 Discounted cash flow (a) (a) 
Loans held-for-sale - mortgages  245,687 Discounted cash flow Prepayment speeds 6% - 10% 
       Credit spreads 2% - 4% 
       Delinquency adjustment factor 15% - 25% added to credit spread 
       Loss severity trends 50% - 60% of UPB 
Venture capital investments  4,300 Industry comparables Adjustment for minority interest and small business status 40% - 50% discount 
     Discounted cash flow Discount rate 25% - 30% 
       Earnings capitalization rate 20% - 25% 
Mortgage servicing rights  113,853 Discounted cash flow (a) (a) 
Other short-term borrowings  12,349 Discounted cash flow (b) (b) 
Derivative liabilities, other  2,195 Discounted cash flow Visa covered litigation resolution amount $4.4 billion - $5.0 billion 
       Probability of resolution scenarios 10% - 60% 
       Time until resolution 6 - 24 months 
Loans, net of unearned income (c)   109,488 Appraisals from comparable properties Marketability adjustments for specific properties 0% - 10% of appraisal 
     Other collateral valuations Borrowing base certificates adjustment 20% - 50% of gross value 
       Financial Statements/Auction Values adjustment 0% - 25% of reported value 
Real estate acquired by foreclosure (d)  51,809 Appraisals from comparable properties Adjustment for value changes since appraisal 0% - 10% of appraisal 
Other assets (e)  71,483 Discounted cash flow Adjustments to current sales yields for specific properties 0% - 15% adjustment to yield 
     Appraisals from comparable properties Marketability adjustments for specific properties 0% - 25% of appraisal 

  • The unobservable inputs for Principal-only and Interest-only trading securities and MSR are discussed in Note 13 – Loan Sales and Securitizations.
  • The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR.
  • Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
  • Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
  • Represents tax credit investments.

(Dollars in Thousands)         
  Fair Value at        
Level 3 Class June 30, 2012Valuation TechniquesUnobservable InputValues Utilized 
Interest only trading securities $14,900 Discounted cash flow (a) (a) 
Loans held-for-sale - mortgages  229,251 Discounted cash flow Prepayment speeds 6% - 10% 
       Credit spreads 2% - 4% 
       Delinquency adjustment factor 15% - 25% added to credit spread 
       Loss severity trends 50% - 60% of UPB 
Venture capital investments  9,000 Recent purchase offers Adjustment for preferences in equity tranches 0% - 10% discount 
     Recent capitalization transactions Adjustment for preferences in equity tranches 0% - 10% discount 
Mortgage servicing rights  129,291 Discounted cash flow (a) (a) 
Other short-term borrowings  12,439 Discounted cash flow (b) (b) 
Derivative liabilities, other  3,505 Discounted cash flow Visa covered litigation resolution amount $4.3 billion - $5.1 billion 
       Probability of resolution scenarios 10% - 30% 
       Time until resolution 3 - 12 months 
Loans, net of unearned income (c)   106,864 Appraisals from comparable properties Adjustment for value changes since appraisal 5% - 15% of appraisal 
     Other collateral valuations Borrowing base certificates 20% - 50% of gross value 
       Financial Statements/Auction Values 0% - 25% of reported value 
Real estate acquired by foreclosure (d)  48,916 Appraisals from comparable properties Adjustment for value changes since appraisal 0% - 10% of appraisal 
Other assets (e)  82,287 Discounted cash flow Adjustments to current sales yields for specific properties 0% - 15% adjustment to yield 
     Appraisals from comparable properties Marketability adjustments for specific properties 0% - 25% of appraisal 

  • The unobservable inputs for Interest-only trading securities and MSR are discussed in Note 13 – Loan Sales and Securitizations.
  • The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR.
  • Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
  • Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
  • Represents tax credit investments.
Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount
The following tables reflect the differences between the fair value carrying amount of mortgages held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity. 
  June 30, 2013 
(Dollars in thousands)Fair value carrying amount Aggregate unpaid principal Fair value carrying amount less aggregate unpaid principal 
Loans held-for-sale reported at fair value:          
 Total loans$235,080 $381,725  $ (146,645) 
 Nonaccrual loans 68,874  142,614    (73,740) 
 Loans 90 days or more past due and still accruing 10,887  17,792    (6,905) 
            
  June 30, 2012 
(Dollars in thousands)Fair value carrying amount Aggregate unpaid principal Fair value carrying amount less aggregate unpaid principal 
Loans held-for-sale reported at fair value:          
 Total loans$223,483 $311,724  $ (88,241) 
 Nonaccrual loans 40,114  87,022    (46,908) 
 Loans 90 days or more past due and still accruing 10,350  22,460    (12,110) 
Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings
Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:
               
   Three Months Ended Six Months Ended 
   June 30 June 30 
(Dollars in thousands)2013 2012 2013 2012 
Changes in fair value included in net income:            
 Mortgage banking noninterest income            
  Loans held-for-sale$ (2,310) $ 1,078 $ (2,135) $ 1,950 
  Other short-term borrowings  (1,365)   2,634   (1,193)   2,394 
Summary Of Book Value And Estimated Fair Value Of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Condensed Statements of Condition as well as unfunded commitments as of June 30, 2013 and 2012.

      June 30, 2013 
    Book Fair Value 
(Dollars in thousands)  Value Level 1 Level 2 Level 3 Total 
Assets:                 
Loans, net of unearned income and allowance for loan losses                 
 Commercial:                 
  Commercial, financial and industrial  $8,273,659 $ - $ - $ 8,073,044 $ 8,073,044 
  Commercial real estate                 
   Income CRE   1,160,859   -   -   1,122,748   1,122,748 
   Residential CRE   43,416   -   -   43,405   43,405 
 Retail:                 
  Consumer real estate  5,428,592   -   -   4,898,453   4,898,453 
  Permanent mortgage  719,051   -   -   598,844   598,844 
  Credit card & other   309,535   -   -   311,311   311,311 
Total loans, net of unearned income and allowance for loan losses   15,935,112   -   -   15,047,805   15,047,805 
          
Short-term financial assets                 
 Total interest-bearing cash    344,150   344,150   -   -   344,150 
 Federal funds sold    52,169   -   52,169   -   52,169 
 Securities purchased under agreements to resell    602,126   -   602,126   -   602,126 
Total short-term financial assets  998,445   344,150   654,295   -   998,445 
                   
Trading securities (a)  1,267,348   -   1,251,471   15,877   1,267,348 
Loans held-for-sale (a)  385,105   -   -   385,105  385,105 
Securities available-for-sale (a)(b)  3,229,071   14,475   3,001,434   213,162  3,229,071 
Derivative assets (a)  235,759   26,402   209,357   -  235,759 
          
Other assets                 
 Tax credit investments   71,483   -   -   71,483   71,483 
 Deferred compensation assets   22,302   22,302   -   -   22,302 
Total other assets   93,785   22,302   -   71,483   93,785 
          
Nonearning assets                 
 Cash & due from banks    382,601   382,601   -   -   382,601 
 Capital markets receivables    429,801   -   429,801   -   429,801 
 Accrued interest receivable    70,897   -   70,897   -   70,897 
Total nonearning assets    883,299   382,601   500,698   -   883,299 
Total assets  $ 23,027,924 $ 789,930 $ 5,617,255 $ 15,733,432 $ 22,140,617 
                     
Liabilities:                 
Deposits:                 
 Defined maturity  $1,654,248 $ - $ 1,457,671 $ - $ 1,457,671 
 Undefined maturity   15,357,636   -   15,357,636   -   15,357,636 
Total deposits   17,011,884   -   16,815,307   -   16,815,307 
                   
Trading liabilities (a) 596,869   -   596,869   -  596,869 
                   
Short-term financial liabilities                 
 Federal funds purchased   1,142,749   -   1,142,749   -   1,142,749 
 Securities sold under agreements to repurchase   433,761   -   433,761   -   433,761 
 Total other borrowings 446,909   -   434,560   12,349   446,909 
Total short-term financial liabilities   2,023,419   -   2,011,070   12,349   2,023,419 
                   
Term borrowings                 
 Real estate investment trust-preferred   45,794   -   -   47,000   47,000 
 Term borrowings - tax credit investments   18,000   -   -   18,079   18,079 
 Borrowings secured by residential real estate   352,137   -   -   208,195   208,195 
 Other long term borrowings   1,384,324   -   1,370,973   -   1,370,973 
Total term borrowings 1,800,255   -   1,370,973   273,274   1,644,247 
                   
Derivative liabilities (a) 198,489   35,027  161,267  2,195  198,489 
          
Other noninterest-bearing liabilities                 
 Capital markets payables    368,372   -   368,372   -   368,372 
 Accrued interest payable    25,996   -   25,996   -   25,996 
Total other noninterest-bearing liabilities    394,368   -   394,368   -   394,368 
Total liabilities  $ 22,025,284 $ 35,027 $ 21,349,854 $ 287,818 $ 21,672,699 

  • Classes are detailed in the recurring and nonrecurring measurement tables.
  • Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.2 million.

      June 30, 2012 
    Book Fair Value 
(Dollars in thousands)  Value Level 1 Level 2 Level 3 Total 
Assets:                 
Loans, net of unearned income and allowance for loan losses                 
 Commercial:                 
  Commercial, financial and industrial  $7,870,720 $ - $ - $ 7,649,105 $ 7,649,105 
  Commercial real estate                 
   Income CRE   1,195,608   -   -   1,129,205   1,129,205 
   Residential CRE   77,013   -   -   69,380   69,380 
 Retail:                 
  Consumer real estate 5,722,144   -   -   5,230,876   5,230,876 
  Permanent mortgage 726,595   -   -   626,914   626,914 
  Credit card & other   272,632   -   -   273,276   273,276 
Total loans, net of unearned income and allowance for loan losses   15,864,712   -   -   14,978,756   14,978,756 
          
Short-term financial assets                 
 Total interest-bearing cash    484,430   484,430   -   -   484,430 
 Federal funds sold  44,961   -   44,961   -   44,961 
 Securities purchased under agreements to resell   480,543   -   480,543   -   480,543 
Total short-term financial assets    1,009,934   484,430   525,504   -   1,009,934 
          
Trading securities (a) 1,361,717   -   1,343,221  18,496  1,361,717 
Loans held-for-sale (a) 424,051   -   62,730  361,321  424,051 
Securities available-for-sale (a) (b) 3,264,866   13,784   3,038,058  213,024  3,264,866 
Derivative assets (a) 340,810   22,523   318,287   -  340,810 
          
Other assets                 
 Tax credit investments   82,287   -   -   82,287   82,287 
 Deferred compensation assets   22,645   22,645   -   -   22,645 
Total other assets    104,932   22,645   -   82,287   104,932 
          
Nonearning assets                 
 Cash & due from banks    330,931   330,931   -   -   330,931 
 Capital markets receivables    377,496   -   377,496   -   377,496 
 Accrued interest receivable    75,958   -   75,958   -   75,958 
Total nonearning assets    784,385   330,931   453,454   -   784,385 
Total assets  $ 23,155,407 $ 874,313 $ 5,741,254 $ 15,653,884 $ 22,269,451 
                     
Liabilities:                 
Deposits:                 
 Defined maturity  $1,737,702 $ - $ 1,776,607 $ - $ 1,776,607 
 Undefined maturity   14,379,741   -   14,379,741   -   14,379,741 
Total deposits   16,117,443   -   16,156,348   -   16,156,348 
                   
Trading liabilities (a) 470,631   -   470,631   -  470,631 
                   
Short-term financial liabilities                 
 Federal funds purchased  1,417,590   -   1,417,590   -   1,417,590 
 Securities sold under agreements to repurchase   363,400   -   363,400   -   363,400 
 Total other borrowings   1,094,179   -   1,081,740   12,439   1,094,179 
Total short-term financial liabilities   2,875,169   -   2,862,730   12,439   2,875,169 
                   
Term borrowings                 
 Real estate investment trust-preferred   45,726   -   -   39,950   39,950 
 Term borrowings - new market tax credit investment   15,301   -   -   16,253   16,253 
 Borrowings secured by residential real estate   445,298   -   -   356,238   356,238 
 Other long term borrowings   1,787,899   -   1,673,360   -   1,673,360 
Total term borrowings 2,294,224   -   1,673,360   412,441   2,085,801 
                   
Derivative liabilities (a) 235,490  7,430  224,555  3,505  235,490 
          
Other noninterest-bearing liabilities                 
 Capital markets payables    203,548   -   203,548   -   203,548 
 Accrued interest payable    29,928   -   29,928   -   29,928 
Total other noninterest-bearing liabilities    233,476   -   233,476   -   233,476 
Total liabilities  $ 22,226,433 $ 7,430 $ 21,621,100 $ 428,385 $ 22,056,915 
                   
Certain previously reported amounts have been reclassified to agree with current presentations.  

  • Classes are detailed in the recurring and nonrecurring measurement tables.
  • Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.1 million.

 Contractual Amount Fair Value 
 June 30, 2013 June 30, 2012 June 30, 2013 June 30, 2012 
Unfunded Commitments:            
Loan commitments$8,425,467 $7,868,558 $1,958 $1,597 
Standby and other commitments 306,365  376,450  4,995  5,433