10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number 001-15185

First Horizon National Corporation

(Exact name of registrant as specified in its charter)

TN	62-0803242
(State or other jurisdiction incorporation of organization)	(IRS Employer Identification No.)
165 MADISON AVENUE
MEMPHIS, TENNESSEE	38103
(Address of principal executive office)	(Zip Code)

(Registrant’s telephone number, including area code) (901) 523-4444

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    x  Yes    ¨  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    ¨  Yes    x  No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding on June 30, 2015
Common Stock, $.625 par value	234,020,798

Table of Contents

FIRST HORIZON NATIONAL CORPORATION

INDEX

Part I. Financial Information
Item 1. Financial Statements	3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	73
Item 3. Quantitative and Qualitative Disclosures about Market Risk	117
Item 4. Controls and Procedures	117
Part II. Other Information	118
Item 1. Legal Proceedings	118
Item 1A. Risk Factors	118
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	118
Item 3. Defaults Upon Senior Securities	118
Item 4. Mine Safety Disclosures	118
Item 5. Other Information	118
Item 6. Exhibits	119
Signatures	120
Exhibit Index	121
Exhibit 10.1
Exhibit 31(a)
Exhibit 31(b)
Exhibit 32(a)
Exhibit 32(b)

2

PART I.

FINANCIAL INFORMATION

Item 1. Financial Statements
The Consolidated Condensed Statements of Condition (unaudited)	4
The Consolidated Condensed Statements of Income (unaudited)	5
The Consolidated Condensed Statements of Comprehensive Income (unaudited)	6
The Consolidated Condensed Statements of Equity (unaudited)	7
The Consolidated Condensed Statements of Cash Flows (unaudited)	8
The Notes to the Consolidated Condensed Financial Statements (unaudited)	9
Note 1 Financial Information	9
Note 2 Acquisitions and Divestitures	12
Note 3 Investment Securities	13
Note 4 Loans	16
Note 5 Allowance for Loan Losses	27
Note 6 Intangible Assets	29
Note 7 Other Income and Other Expense	30
Note 8 Changes in Accumulated Other Comprehensive Income Balances	31
Note 9 Earnings Per Share	33
Note 10 Contingencies and Other Disclosures	34
Note 11 Pensions, Savings, and Other Employee Benefits	41
Note 12 Business Segment Information	42
Note 13 Variable Interest Entities	44
Note 14 Derivatives	50
Note 15 Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions	56
Note 16 Fair Value of Assets & Liabilities	57

This financial information reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of the financial condition and results of operations for the interim periods presented.

3

CONSOLIDATED CONDENSED STATEMENTS OF CONDITION

	First Horizon National Corporation
	June 30						December 31
(Dollars in thousands, except per share amounts)(Unaudited)	2015			2014			2014
Assets:
Cash and due from banks	$	274,256		$	417,108		$	349,171
Federal funds sold		77,039			51,537			63,080
Securities purchased under agreements to resell (Note 15)		816,991			624,477			659,154
Total cash and cash equivalents		1,168,286			1,093,122			1,071,405
Interest-bearing cash		344,944			255,920			1,621,967
Trading securities		1,133,490			1,150,280			1,194,391
Loans held-for-sale (a)		127,196			358,945			141,285
Securities available-for-sale (Note 3)		3,648,860			3,576,542			3,556,613
Securities held-to-maturity (Note 3)		4,306			4,279			4,292
Loans, net of unearned income (Note 4) (b)		16,936,772			15,795,709			16,230,166
Less: Allowance for loan losses (Note 5)		221,351			243,628			232,448
Total net loans		16,715,421			15,552,081			15,997,718
Goodwill (Note 6)		145,932			141,943			145,932
Other intangible assets, net (Note 6)		26,922			20,025			29,518
Fixed income receivables		91,069			174,224			42,488
Premises and equipment, net		269,507			300,533			302,996
Real estate acquired by foreclosure (c)		40,268			57,552			39,922
Derivative assets (Note 14)		115,230			162,067			134,088
Other assets		1,408,336			1,370,832			1,385,572
Total assets	$	25,239,767		$	24,218,345		$	25,668,187
Liabilities and equity:
Deposits:
Savings	$	7,462,642		$	6,317,197		$	7,455,354
Time deposits		769,132			808,822			831,666
Other interest-bearing deposits		4,675,742			4,014,071			4,140,991
Certificates of deposit $100,000 and more		400,021			503,597			445,272
Interest-bearing		13,307,537			11,643,687			12,873,283
Noninterest-bearing		5,366,936			4,513,800			5,195,656
Total deposits		18,674,473			16,157,487			18,068,939
Federal funds purchased		556,862			947,946			1,037,052
Securities sold under agreements to repurchase (Note 15)		311,760			475,530			562,214
Trading liabilities		732,564			706,119			594,314
Other short-term borrowings		150,350			1,073,250			157,218
Term borrowings		1,557,647			1,501,209			1,880,105
Fixed income payables		54,301			95,299			18,157
Derivative liabilities (Note 14)		109,815			138,336			119,239
Other liabilities		574,090			507,894			649,359
Total liabilities		22,721,862			21,603,070			23,086,597
Equity:
First Horizon National Corporation Shareholders’ Equity:
Preferred stock - Series A, non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (shares authorized - 1,000; shares issued - 1,000 on June 30, 2015, June 30, 2014 and December 31, 2014)		95,624			95,624			95,624
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 234,020,798 on June 30, 2015; 237,146,617 on June 30, 2014; and 234,219,663 on December 31, 2014)		146,263			148,217			146,387
Capital surplus		1,371,712			1,416,012			1,380,809
Undivided profits		797,123			782,102			851,585
Accumulated other comprehensive loss, net (Note 8)		(188,248	)		(122,111	)		(188,246	)
Total First Horizon National Corporation Shareholders’ Equity		2,222,474			2,319,844			2,286,159
Noncontrolling interest		295,431			295,431			295,431
Total equity		2,517,905			2,615,275			2,581,590
Total liabilities and equity	$	25,239,767		$	24,218,345		$	25,668,187

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

See accompanying notes to consolidated condensed financial statements.

(a) June 30, 2015 includes $20.2 million of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure.

(b) June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

(c) June 30, 2015 includes $18.7 million of foreclosed residential real estate.

4

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

	First Horizon National Corporation
	Three Months Ended June 30					Six Months Ended June 30
(Dollars and shares in thousands except per share data, unless otherwise noted)(Unaudited)	2015		2014			2015			2014
Interest income:
Interest and fees on loans	$	153,283	$	142,710		$	297,180		$	281,367
Interest on investment securities available-for-sale		23,288		23,650			46,122			46,784
Interest on investment securities held-to-maturity		66		66			132			132
Interest on loans held-for-sale		1,350		3,209			2,841			6,424
Interest on trading securities		8,951		7,687			18,052			15,792
Interest on other earning assets		92		37			771			444
Total interest income		187,030		177,359			365,098			350,943
Interest expense:
Interest on deposits:
Savings		2,970		2,792			6,277			5,875
Time deposits		1,324		2,486			2,756			5,548
Other interest-bearing deposits		1,104		746			2,061			1,564
Certificates of deposit $100,000 and more		830		869			1,712			1,892
Interest on trading liabilities		3,770		4,087			7,684			7,658
Interest on short-term borrowings		726		1,195			1,772			2,300
Interest on term borrowings		9,666		8,416			19,330			16,979
Total interest expense		20,390		20,591			41,592			41,816
Net interest income		166,640		156,768			323,506			309,127
Provision for loan losses		2,000		5,000			7,000			15,000
Net interest income after provision for loan losses		164,640		151,768			316,506			294,127
Noninterest income:
Fixed income		56,241		47,680			117,860			104,520
Deposit transactions and cash management		28,430		27,911			54,981			54,367
Brokerage, management fees and commissions		12,456		12,843			23,855			25,119
Trust services and investment management		7,416		7,309			14,114			14,053
Bankcard income		5,884		7,919			11,070			12,439
Bank-owned life insurance		3,391		3,312			6,853			9,344
Other service charges		3,043		3,143			5,891			5,988
Insurance commissions		654		611			1,250			1,048
Mortgage banking		376		8,861			1,960			27,890
Equity securities gains/(losses), net		8		(1,923	)		284			3,734
All other income and commissions (Note 7)		12,402		9,235			21,872			14,129
Total noninterest income		130,301		126,901			259,990			272,631
Adjusted gross income after provision for loan losses		294,941		278,669			576,496			566,758
Noninterest expense:
Employee compensation, incentives, and benefits (three and six months ended June 30, 2015, include $1.6 million and $3.4 million, respectively, and three and six months ended June 30, 2014, include $1.1 million and $1.7 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income)		127,970		119,659			259,414			238,888
Occupancy		11,764		11,944			23,982			29,536
Computer software		11,340		11,087			22,282			21,743
Operations services		10,033		8,804			19,370			17,786
Equipment rentals, depreciation, and maintenance		7,983		7,442			15,203			15,291
Professional fees		5,218		4,618			8,924			10,192
FDIC premium expense		4,952		1,136			8,400			5,127
Legal fees		4,509		1,533			8,060			10,998
Advertising and public relations		4,349		4,312			9,082			10,220
Communications and courier		3,801		3,948			7,677			8,172
Contract employment and outsourcing		3,337		5,318			7,921			9,643
Amortization of intangible assets		1,298		981			2,596			1,963
Foreclosed real estate		1,329		439			1,198			1,223
All other expense (Note 7)		20,511		(18,059	)		200,506			424
Total noninterest expense		218,394		163,162			594,615			381,206
Income/(loss) before income taxes		76,547		115,507			(18,119	)		185,552
Provision/(benefit) for income taxes (three and six months ended June 30, 2015, include $.6 million and $1.3 million, respectively, and three and six months ended June 30, 2014, include $.4 million and $.7 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income)		21,590		33,578			(671	)		53,644
Net income/(loss)	$	54,957	$	81,929		$	(17,448	)	$	131,908
Net income attributable to noncontrolling interest		2,851		2,859			5,609			5,672
Net income/(loss) attributable to controlling interest	$	52,106	$	79,070		$	(23,057	)	$	126,236
Preferred stock dividends		1,550		1,550			3,100			3,100
Net income/(loss) available to common shareholders	$	50,556	$	77,520		$	(26,157	)	$	123,136
Basic earnings/(loss) per share (Note 9)	$	0.22	$	0.33		$	(0.11	)	$	0.52
Diluted earnings/(loss) per share (Note 9)	$	0.22	$	0.33		$	(0.11	)	$	0.52
Weighted average common shares (Note 9)		232,800		235,797			232,808			235,492
Diluted average common shares (Note 9)		234,669		237,250			232,808			237,325
Cash dividends declared per common share	$	0.06	$	0.05		$	0.12		$	0.10

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

See accompanying notes to consolidated condensed financial statements.

5

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

	First Horizon National Corporation
	Three Months Ended June 30					Six Months Ended June 30
(Dollars in thousands) (Unaudited)	2015			2014		2015			2014
Net income/(loss)	$	54,957		$	81,929	$	(17,448	)	$	131,908
Other comprehensive income/(loss), net of tax:
Unrealized fair value adjustments:
Securities available-for-sale		(20,100	)		17,358		(2,096	)		26,837
Recognized pension and other employee benefit plans net periodic benefit costs		1,011			650		2,094			1,061
Other comprehensive income/(loss)		(19,089	)		18,008		(2	)		27,898
Comprehensive income/(loss)		35,868			99,937		(17,450	)		159,806
Comprehensive income attributable to noncontrolling interest		2,851			2,859		5,609			5,672
Comprehensive income/(loss) attributable to controlling interest	$	33,017		$	97,078	$	(23,059	)	$	154,134

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1-Financial Information for additional information

See accompanying notes to consolidated condensed financial statements.

6

CONSOLIDATED CONDENSED STATEMENTS OF EQUITY

	First Horizon National Corporation
	2015									2014
(Dollars in thousands except per share data)(Unaudited)	Controlling Interest			Noncontrolling Interest			Total			Controlling Interest			Noncontrolling Interest			Total
Balance, January 1	$	2,286,159		$	295,431		$	2,581,590		$	2,192,946		$	295,431		$	2,488,377
Net income/(loss)		(23,057	)		5,609			(17,448	)		126,236			5,672			131,908
Other comprehensive income/(loss) (a)		(2	)		—			(2	)		27,898			—			27,898
Comprehensive income/(loss)		(23,059	)		5,609			(17,450	)		154,134			5,672			159,806
Cash dividends declared:
Preferred stock ($3,100 per share for the six months ended June 30, 2015 and 2014)		(3,100	)		—			(3,100	)		(3,100	)		—			(3,100	)
Common stock ($.12 and $.10 per share for the six months ended June 30, 2015 and 2014, respectively)		(28,305	)		—			(28,305	)		(23,875	)		—			(23,875	)
Common stock repurchased (b)		(20,031	)		—			(20,031	)		(4,871	)		—			(4,871	)
Common stock issued for:
Stock options and restricted stock - equity awards		4,427			—			4,427			620			—			620
Stock-based compensation expense		6,474			—			6,474			5,687			—			5,687
Dividends declared - noncontrolling interest of subsidiary preferred stock		—			(5,609	)		(5,609	)		—			(5,672	)		(5,672	)
Tax benefit/(benefit reversal) - stock based compensation expense		(91	)		—			(91	)		(1,705	)		—			(1,705	)
Other changes in equity		—			—			—			8			—			8
Balance, June 30	$	2,222,474		$	295,431		$	2,517,905		$	2,319,844		$	295,431		$	2,615,275

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Financial Information for additional information.

See accompanying notes to consolidated condensed financial statements.

(a) Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.

(b) 2015 includes $15.8 million repurchased under the share repurchase program launched in January 2014.

7

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

	First Horizon National Corporation
	Six Months Ended June 30
(Dollars in thousands)(Unaudited)	2015			2014
Operating Activities
Net income/(loss)	$	(17,448	)	$	131,908
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:
Provision for loan losses		7,000			15,000
Provision/(benefit) for deferred income taxes		(1,592	)		7,578
Depreciation and amortization of premises and equipment		18,229			18,016
Amortization of intangible assets		2,596			1,963
Net other amortization and accretion		11,731			8,003
Net (increase)/decrease in derivatives		(615	)		559
Fair value adjustment to foreclosed real estate		1,660			1,391
Litigation and regulatory matters		162,500			490
Stock-based compensation expense		6,474			5,687
Tax benefit/(benefit reversal) - stock based compensation expense		91			1,705
Equity securities (gains)/losses, net		(284	)		(3,734	)
(Gains)/losses on extinguishment of debt		—			4,350
Loss on deconsolidation of securitization trusts		—			1,960
Net (gains)/losses on sale/disposal of fixed assets		(2,872	)		2,114
Proceeds from sale of mortgage servicing rights		—			69,919
Loans held-for-sale:
Purchases		(1,178	)		(4,582	)
Gross proceeds from settlements and sales		15,561			22,071
Fair value adjustments and other		(294	)		(6,282	)
Net (increase)/decrease in:
Trading securities		59,890			(347,692	)
Fixed income receivables		(48,581	)		(128,969	)
Interest receivable		9,955			2,072
Other assets		(48,727	)		321,987
Net increase/(decrease) in:
Trading liabilities		138,250			337,771
Fixed income payables		36,144			74,126
Interest payable		(7,613	)		(608	)
Other liabilities		(229,785	)		(146,228	)
Total adjustments		128,540			258,667
Net cash provided/(used) by operating activities		111,092			390,575
Investing Activities
Available-for-sale securities:
Sales		284			4,555
Maturities		327,315			310,067
Purchases		(427,717	)		(449,425	)
Premises and equipment:
Sales		40,369			32
Purchases		(15,751	)		(15,451	)
Net (increase)/decrease in:
Loans		(722,062	)		(426,934	)
Interests retained from securitizations classified as trading securities		1,011			689
Interest-bearing cash		1,277,023			474,377
Net cash provided/(used) by investing activities		480,472			(102,090	)
Financing Activities
Common stock:
Stock options exercised		4,715			624
Cash dividends paid		(26,020	)		(23,878	)
Repurchase of shares (a)		(20,031	)		(4,871	)
Tax benefit/(benefit reversal) - stock based compensation expense		(91	)		(1,705	)
Cash dividends paid - preferred stock - noncontrolling interest		(5,703	)		(5,687	)
Cash dividends paid - Series A preferred stock		(3,100	)		(3,100	)
Term borrowings:
Payments/maturities		(312,808	)		(13,615	)
Increases in restricted and secured term borrowings		—			2,089
Net cash paid to deconsolidate/collapse securitization trusts		—			(225,151	)
Net increase/(decrease) in:
Deposits		605,867			(578,136	)
Short-term borrowings		(737,512	)		830,158
Net cash provided/(used) by financing activities		(494,683	)		(23,272	)
Net increase/(decrease) in cash and cash equivalents		96,881			265,213
Cash and cash equivalents at beginning of period	$	1,071,405		$	827,909
Cash and cash equivalents at end of period		1,168,286			1,093,122
Supplemental Disclosures
Total interest paid	$	48,734		$	41,626
Total taxes paid		14,859			31,950
Total taxes refunded		215			1,880
Transfer from loans to other real estate owned		8,293			11,505

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

See accompanying notes to consolidated condensed financial statements.

(a) 2015 includes $15.8 million repurchased under the share repurchase program launched in January 2014.

8

Notes to the Consolidated Condensed Financial Statements (Unaudited)

Note 1 – Financial Information

Basis of Accounting. The unaudited interim consolidated condensed financial statements of First Horizon National Corporation (“FHN”), including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results. In the opinion of management, all necessary adjustments have been made for a fair presentation of financial position and results of operations for the periods presented. These adjustments are of a normal recurring nature unless otherwise disclosed in this Quarterly Report on Form 10-Q. The operating results for the interim 2015 periods are not necessarily indicative of the results that may be expected going forward. For further information, refer to the audited consolidated financial statements which were included in the 2014 Annual Report to shareholders, and which were filed as part of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014.

Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense/(benefit). A reporting entity should evaluate whether the conditions have been met to apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014.

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.

	As of June 30			As of December 31
(Dollars in thousands, except per share amounts)	2014			2014			2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
Other assets	$	(4,405	)	$	(4,700	)		(5,340	)
Other liabilities		6,471			4,678			7,034
Undivided profits		(10,876	)		(9,378	)		(12,374	)

	Three Months Ended June 30			Six Months Ended June 30			For the Year Ended December 31
	2014			2014			2014			2013			2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
Other expense	$	(2,170	)	$	(4,340	)	$	(8,680	)	$	(10,082	)	$	(14,177	)
Provision/(benefit) for income taxes		1,421			2,842			5,684			12,780			13,234
Income/(loss) available to common shareholders		749			1,498			2,996			(2,698	)		943
Diluted earnings/(loss) per share		0.01			0.01			0.01			(0.01	)		—

9

Note 1 – Financial Information (Continued)

Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Condensed Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Condensed Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provision/(benefit) for income taxes on the Consolidated Condensed Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable.

In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity is required to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN adopted the requirements of ASU 2014-04 prospectively and this did not have a material effect on FHN’s statements of condition, results of operation or cash flows.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loan upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN adopted the requirements for ASU 2014-14 prospectively for transactions occurring after its effective date and this did not have a material effect on FHN’s statement of condition, results of operation or cash flows.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not execute repurchase-to maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. FHN revised its disclosures upon adoption of ASU 2014-11.

Accounting Changes Issued but Not Currently Effective

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The effective date of ASU 2014-09 has been deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application as of the original effective date of annual reporting periods beginning after December 15, 2016, and associated interim periods is permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

10

Note 1 – Financial Information (Continued)

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2016 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis.” ASU 2015-02 revises current consolidation guidance to modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities. ASU 2015-02 also eliminates the presumption that a general partner should consolidate a limited partnership, revises the consolidation analysis for reporting entities that have fee arrangements and related party relationships with variable interest entities, and provides a scope exception for entities with interests in registered money market funds. ASU 2015-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. FHN has evaluated the provisions of ASU 2015-02 on its consolidation assessments and there will not be a significant effect upon adoption.

In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct reduction from the carrying value of that debt liability, consistent with debt discounts. ASU 2015-03 requires application on a retrospective basis, with prior periods revised to reflect the effects of adoption. ASU 2015-03 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Consistent with current requirements, FHN currently classifies debt issuance costs within Other assets in the Consolidated Condensed Statements of Condition. ASU 2015-03 will have no effect on the recognition of interest expense.

11

Note 2 – Acquisitions and Divestitures

On October 17, 2014, First Tennessee Bank National Association (“FTBNA”) purchased thirteen bank branches in Middle and East Tennessee. The fair value of the acquired assets totaled $437.6 million, including $413.4 million in cash, $7.5 million in fixed assets, and $15.7 million of goodwill and intangible assets. FTBNA also assumed $437.2 million of deposits associated with these branches. FTBNA paid a deposit premium of 3.32 percent and acquired an immaterial amount of loans as part of the transaction. In relation to the branch acquisition FHN recorded $4.0 million in goodwill, representing the excess of the estimated fair value of liabilities assumed over the estimated fair value of the assets acquired (refer to Note 6 – Intangible Assets for additional information), all of which is expected to be deductible for tax purposes. FHN’s operating results for 2015 and 2014 include the impact of branch activity subsequent to the October 17, 2014 closing date.

On October 21, 2014, FHN entered into an agreement with TrustAtlantic Financial Corporation (“TrustAtlantic Financial”) by which TrustAtlantic Financial will merge into a subsidiary of FHN. TrustAtlantic Financial owns all the capital stock of TrustAtlantic Bank. Trust Atlantic Financial and TrustAtlantic Bank are headquartered in Raleigh, North Carolina. TrustAtlantic Bank has five branches located in North Carolina in the communities of Raleigh, Cary and Greenville. On December 16, 2014 the parties entered into an amendment to the merger agreement. The transaction is expected to close in the second half of 2015, subject to regulatory approvals and other customary conditions to closing.

In addition to the transactions mentioned above, FHN acquires or divests assets from time to time in transactions that are considered business combinations or divestitures but are not material to FHN individually or in the aggregate.

12

Note 3 – Investment Securities

The following tables summarize FHN’s investment securities on June 30, 2015 and 2014:

	June 30, 2015
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities available-for-sale (“AFS”):
U.S. treasuries	$	100	$	—	$	—		$	100
Government agency issued mortgage-backed securities (“MBS”)		804,841		29,068		(3,269	)		830,640
Government agency issued collateralized mortgage obligations (“CMO”)		2,624,151		20,836		(19,701	)		2,625,286
Other U.S. government agencies		1,539		21		—			1,560
States and municipalities		9,455		—		—			9,455
Equity and other (a)		182,059		—		(240	)		181,819
Total securities available-for-sale (b)	$	3,622,145	$	49,925	$	(23,210	)	$	3,648,860
Securities held-to-maturity (“HTM”):
States and municipalities	$	4,306	$	1,050	$	—		$	5,356
Total securities held-to-maturity	$	4,306	$	1,050	$	—		$	5,356

(a) Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $65.8 million. The remainder is money market and cost method investments.

(b) Includes $3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	June 30, 2014
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities available-for-sale:
U.S. treasuries	$	39,995	$	4	$	—		$	39,999
Government agency issued MBS		724,785		39,679		(1,622	)		762,842
Government agency issued CMO		2,582,242		21,211		(34,065	)		2,569,388
Other U.S. government agencies		1,973		88		—			2,061
States and municipalities		15,155		—		—			15,155
Equity and other (a)		187,106		17		(26	)		187,097
Total securities available-for-sale (b)	$	3,551,256	$	60,999	$	(35,713	)	$	3,576,542
Securities held-to-maturity:
States and municipalities	$	4,279	$	1,277	$	—		$	5,556
Total securities held-to-maturity	$	4,279	$	1,277	$	—		$	5,556

(a) Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments.

(b) Includes $3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

13

Note 3 – Investment Securities (Continued)

The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity securities portfolios on June 30, 2015, are provided below:

	Held-to-Maturity				Available-for-Sale
(Dollars in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within 1 year	$	—	$	—	$	1,539	$	1,560
After 1 year; within 5 years		—		—		1,600		1,600
After 5 years; within 10 years		—		—		—		—
After 10 years		4,306		5,356		7,955		7,955
Subtotal		4,306		5,356		11,094		11,115
Government agency issued MBS and CMO (a)		—		—		3,428,992		3,455,926
Equity and other		—		—		182,059		181,819
Total	$	4,306	$	5,356	$	3,622,145	$	3,648,860

(a) Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

The table below provides information on gross gains and gross losses from investment securities for the three and six months ended June 30:

	Three Months Ended June 30					Six Months Ended June 30
(Dollars in thousands)	2015		2014			2015		2014
Gross gains on sales of securities	$	8	$	77		$	284	$	5,734
Gross losses on sales of securities		—		—			—		—
Net gain/(loss) on sales of securities (a)		8		77			284		5,734
Venture capital investments (b)		—		(2,000	)		—		(2,000	)
Total securities gain/(loss), net	$	8	$	(1,923	)	$	284	$	3,734

(a) Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $.3 million. Proceeds for the six months ended June 30, 2014 were $5.7 million, inclusive of $1.4 million of equity securities.

(b) Includes write-offs and/or unrealized fair value adjustments related to venture capital investments.

14

Note 3 – Investment Securities (Continued)

The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of June 30, 2015 and 2014:

	As of June 30, 2015
	Less than 12 months					12 months or longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Government agency issued CMO	$	845,534	$	(7,734	)	$	450,079	$	(11,967	)	$	1,295,613	$	(19,701	)
Government agency issued MBS		233,521		(2,485	)		33,582		(784	)		267,103		(3,269	)
Total debt securities		1,079,055		(10,219	)		483,661		(12,751	)		1,562,716		(22,970	)
Equity		—		—			851		(240	)		851		(240	)
Total temporarily impaired securities	$	1,079,055	$	(10,219	)	$	484,512	$	(12,991	)	$	1,563,567	$	(23,210	)

	As of June 30, 2014
	Less than 12 months					12 months or longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Government agency issued CMO	$	437,212	$	(2,276	)	$	1,004,964	$	(31,789	)	$	1,442,176	$	(34,065	)
Government agency issued MBS		34,041		(83	)		108,491		(1,539	)		142,532		(1,622	)
Total debt securities		471,253		(2,359	)		1,113,455		(33,328	)		1,584,708		(35,687	)
Equity		43		(26	)		—		—			43		(26	)
Total temporarily impaired securities	$	471,296	$	(2,385	)	$	1,113,455	$	(33,328	)	$	1,584,751	$	(35,713	)

FHN has reviewed investment securities that were in unrealized loss positions in accordance with its accounting policy for other than temporary impairment (“OTTI”) and does not consider them other-than-temporarily impaired. For debt securities with unrealized losses, FHN does not intend to sell them and it is more-likely-than-not that FHN will not be required to sell them prior to recovery. The decline in value is primarily attributable to changes in interest rates and not credit losses. For equity securities, FHN has both the ability and intent to hold these securities for the time necessary to recover the amortized cost.

15

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of June 30, 2015 and 2014, and December, 31 2014:

	June 30				December 31
(Dollars in thousands)	2015		2014		2014
Commercial:
Commercial, financial, and industrial	$	9,832,563	$	8,402,836	$	9,007,286
Commercial real estate		1,400,715		1,231,513		1,277,717
Retail:
Consumer real estate (a)		4,870,271		5,218,930		5,048,071
Permanent mortgage		487,679		594,001		538,961
Credit card & other		345,544		348,429		358,131
Loans, net of unearned income	$	16,936,772	$	15,795,709	$	16,230,166
Allowance for loan losses		221,351		243,628		232,448
Total net loans	$	16,715,421	$	15,552,081	$	15,997,718

(a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $66.4 million, $84.4 million, and $76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

COMPONENTS OF THE LOAN PORTFOLIO

The loan portfolio is disaggregated into segments and then further disaggregated into classes for certain disclosures. GAAP defines a portfolio segment as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. A class is generally determined based on the initial measurement attribute (i.e., amortized cost or purchased credit-impaired), risk characteristics of the loan, and FHN’s method for monitoring and assessing credit risk. Commercial loan portfolio segments include commercial, financial and industrial (“C&I”) and commercial real estate (“CRE”). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans (“TRUPS”) (i.e. long-term unsecured loans to bank and insurance - related businesses) portfolio and PCI loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within CRE include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Retail classes include HELOC, real estate (“R/E”) installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Concentrations

FHN has a concentration of residential real estate loans (32 percent of total loans), the majority of which is in the consumer real estate segment (29 percent of total loans). Loans to finance and insurance companies total $2.1 billion (21 percent of the C&I portfolio, or 12 percent of the total loans). FHN had loans to mortgage companies totaling $1.8 billion (18 percent of the C&I segment, or 11 percent of total loans) as of June 30, 2015. As a result, 39 percent of the C&I segment was sensitive to impacts on the financial services industry.

Purchased Credit Impaired Loans

The following table presents a rollforward of the accretable yield for the three and six months ended June 30, 2015 and 2014:

	Three Months Ended June 30						Six Months Ended June 30
(Dollars in thousands)	2015			2014			2015			2014
Balance, beginning of period	$	10,468		$	15,828		$	14,714		$	13,490
Additions		—			224			—			335
Accretion		(1,576	)		(1,927	)		(4,948	)		(3,584	)
Adjustment for payoffs		(760	)		(489	)		(2,096	)		(722	)
Adjustment for charge-offs		—			(5	)		—			(69	)
Increase in accretable yield (a)		216			2,878			678			7,059
Balance, end of period	$	8,348		$	16,509		$	8,348		$	16,509

(a) Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

16

Note 4 – Loans (Continued)

At June 30, 2015, the ALLL related to PCI loans was $2.8 million compared to $2.5 million at June 30, 2014. A loan loss provision credit of $.3 million was recognized during the three months ended June 30, 2015 as compared to a loan loss provision expense of $.6 million recognized during the three months ended June 30, 2014. A loan loss provision credit of $.6 million was recognized during the six months ended June 30, 2015 as compared to a loan loss provision expense of $1.7 million recognized during the six months ended June 30, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of June 30, 2015 and 2014, and December 31, 2014:

	June 30, 2015				June 30, 2014				December 31, 2014
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	4,870	$	5,507	$	6,738	$	8,256	$	5,044	$	5,813
Commercial real estate		20,262		24,830		32,938		45,295		32,553		43,246
Consumer real estate		1,927		2,796		733		1,074		598		868
Credit card and other		9		11		11		16		10		14
Total	$	27,068	$	33,144	$	40,420	$	54,641	$	38,205	$	49,941

17

Note 4 – Loans (Continued)

Impaired Loans

The following tables provide information at June 30, 2015 and 2014, 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, PCI loans and LOCOM have been excluded.

	June 30, 2015						Three Months Ended June 30, 2015				Six Months Ended June 30, 2015
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance recorded:
Commercial:
General C&I	$	12,402	$	15,690	$	—	$	13,016	$	—	$	12,305	$	—
Income CRE		4,187		11,262		—		4,198		—		5,283		—
Residential CRE		—		—		—		—		—		287		—
Total	$	16,589	$	26,952	$	—	$	17,214	$	—	$	17,875	$	—
Retail:
HELOC (a)	$	12,577	$	30,604	$	—	$	12,588	$	—	$	12,788	$	—
R/E installment loans (a)		4,959		6,211		—		4,739		—		4,704		—
Permanent mortgage (a)		6,403		8,603		—		6,804		—		7,018		—
Total	$	23,939	$	45,418	$	—	$	24,131	$	—	$	24,510	$	—
Impaired loans with related allowance recorded:
Commercial:
General C&I	$	30,549	$	37,741	$	8,117	$	28,400	$	237	$	24,087	$	490
TRUPS		13,399		13,700		4,810		13,414		—		13,429		—
Income CRE		6,788		8,298		533		6,742		33		7,140		63
Residential CRE		1,518		1,886		102		1,571		6		1,534		13
Total	$	52,254	$	61,625	$	13,562	$	50,127	$	276	$	46,190	$	566
Retail:
HELOC	$	87,292	$	89,454	$	21,967	$	86,197	$	461	$	85,417	$	909
R/E installment loans		67,269		68,151		19,439		68,330		331		69,227		658
Permanent mortgage		100,754		113,290		17,857		102,194		637		103,555		1,228
Credit card & other		418		418		155		451		4		479		8
Total	$	255,733	$	271,313	$	59,418	$	257,172	$	1,433	$	258,678	$	2,803
Total commercial	$	68,843	$	88,577	$	13,562	$	67,341	$	276	$	64,065	$	566
Total retail	$	279,672	$	316,731	$	59,418	$	281,303	$	1,433	$	283,188	$	2,803
Total impaired loans	$	348,515	$	405,308	$	72,980	$	348,644	$	1,709	$	347,253	$	3,369

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

18

Note 4 – Loans (Continued)

	June 30, 2014						Three Months Ended June 30, 2014				Six Months Ended June 30, 2014
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance recorded:
Commercial:
General C&I	$	15,489	$	17,280	$	—	$	14,809	$	—	$	17,594	$	—
TRUPS		—		—		—		—		—		1,625		—
Income CRE		6,838		14,397		—		7,669		—		8,090		—
Residential CRE		1,148		1,827		—		574		—		287		—
Total	$	23,475	$	33,504	$	—	$	23,052	$	—	$	27,596	$	—
Retail:
HELOC (a)	$	17,390	$	38,216	$	—	$	16,771	$	—	$	16,629	$	—
R/E installment loans (a)		7,464		10,009		—		8,932		—		9,818		—
Permanent mortgage (a)		7,862		9,785		—		7,858		—		8,007		—
Total	$	32,716	$	58,010	$	—	$	33,561	$	—	$	34,454	$	—
Impaired loans with related allowance recorded:
Commercial:
General C&I	$	32,395	$	38,331	$	3,150	$	30,059	$	78	$	26,146	$	157
TRUPS		3,520		3,700		925		8,535		—		16,057		—
Income CRE		8,842		10,214		641		10,331		62		11,214		164
Residential CRE		6,029		11,477		667		6,204		61		6,426		124
Total	$	50,786	$	63,722	$	5,383	$	55,129	$	201	$	59,843	$	445
Retail:
HELOC	$	77,283	$	78,492	$	17,475	$	75,285	$	457	$	73,539	$	891
R/E installment loans		74,748		75,634		26,450		74,243		297		73,629		566
Permanent mortgage		111,604		125,012		19,323		112,796		706		113,145		1,429
Credit card & other		524		524		266		648		5		653		16
Total	$	264,159	$	279,662	$	63,514	$	262,972	$	1,465	$	260,966	$	2,902
Total commercial	$	74,261	$	97,226	$	5,383	$	78,181	$	201	$	87,439	$	445
Total retail	$	296,875	$	337,672	$	63,514	$	296,533	$	1,465	$	295,420	$	2,902
Total impaired loans	$	371,136	$	434,898	$	68,897	$	374,714	$	1,666	$	382,859	$	3,347

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

Asset Quality Indicators

FHN employs a dual grade commercial risk grading methodology to assign an estimate for the probability of default (“PD”) and the loss given default (“LGD”) for each commercial loan using factors specific to various industry, portfolio, or product segments that result in a rank ordering of risk and the assignment of grades PD 1 to PD 16. Each PD grade corresponds to an estimated one-year default probability percentage; a PD 1 has the lowest expected default probability, and probabilities increase as grades progress down the scale. PD 1 through PD 12 are “pass” grades. PD grades 13-16 correspond to the regulatory-defined categories of special mention (13), substandard (14), doubtful (15), and loss (16). Pass loan grades are required to be reassessed annually or earlier whenever there has been a material change in the financial condition of the borrower or risk characteristics of the relationship. All commercial loans over $1 million and certain commercial loans over $500,000 that are graded 13 or worse are reassessed on a quarterly basis. LGD grades are assigned based on a scale of 1-12 and represent FHN’s expected recovery based on collateral type in the event a loan defaults. See Note 5 - Allowance for Loan Losses for further discussion on the credit grading system.

19

Note 4 – Loans (Continued)

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of June 30, 2015 and 2014:

	June 30, 2015
(Dollars in thousands)	General C&I		Loans to Mortgage Companies		TRUPS (a)		Income CRE		Residential CRE		Total		Percentage of Total			Allowance for Loan Losses
PD Grade:
1	$	495,855	$	—	$	—	$	554	$	—	$	496,409		4	%	$	126
2		590,328		—		—		11,602		41		601,971		5			332
3		484,072		317,856		—		84,178		181		886,287		8			350
4		670,972		366,791		—		96,689		54		1,134,506		10			868
5		1,135,773		304,500		—		213,213		5,288		1,658,774		15			6,372
6		1,223,233		618,616		—		267,983		4,499		2,114,331		20			10,234
7		1,186,480		139,217		—		365,840		2,844		1,694,381		15			13,203
8		749,504		28,068		—		163,904		272		941,748		8			13,942
9		419,687		24,617		—		43,752		383		488,439		4			7,900
10		222,799		—		—		27,840		202		250,841		2			5,147
11		179,139		—		—		24,010		1,071		204,220		2			5,438
12		76,209		—		—		17,884		543		94,636		1			2,704
13		122,862		—		305,382		3,633		287		432,164		4			4,944
14,15,16		109,820		—		—		27,045		2,054		138,919		1			12,829
Collectively evaluated for impairment		7,666,733		1,799,665		305,382		1,348,127		17,719		11,137,626		99			84,389
Individually evaluated for impairment		42,951		—		12,785		10,975		1,518		68,229		1			13,562
Purchased credit-impaired loans		5,047		—		—		20,612		1,764		27,423		—			2,291
Total commercial loans	$	7,714,731	$	1,799,665	$	318,167	$	1,379,714	$	21,001	$	11,233,278		100	%	$	100,242

20

Note 4 – Loans (Continued)

	June 30, 2014
(Dollars in thousands)	General C&I		Loans to Mortgage Companies		TRUPS (a)		Income CRE		Residential CRE		Total		Percent of Total			Allowance for Loan Losses
PD Grade:
1	$	366,235	$	—	$	—	$	—	$	—	$	366,235		4	%	$	—
2		260,581		—		—		3,110		235		263,926		3			245
3		360,700		76,569		—		983		—		438,252		5			307
4		387,884		77,110		—		7,591		—		472,585		5			746
5		760,726		62,031		—		158,071		6,041		986,869		10			2,579
6		991,013		199,651		—		189,927		4,738		1,385,329		14			1,674
7		1,189,915		182,749		—		285,384		6,087		1,664,135		17			2,696
8		771,697		301,174		—		227,419		53		1,300,343		13			2,739
9		686,657		123,423		—		108,523		5,911		924,514		10			5,896
10		375,862		77,058		—		40,228		1,563		494,711		5			5,379
11		361,870		1,517		—		26,275		2,128		391,790		4			8,397
12		136,560		—		—		32,356		994		169,910		2			1,857
13		120,903		—		325,882		8,938		2,007		457,730		5			6,435
14,15,16		137,500		—		9,385		49,842		4,944		201,671		2			37,666
Collectively evaluated for impairment		6,908,103		1,101,282		335,267		1,138,647		34,701		9,518,000		99			76,616
Individually evaluated for impairment		47,884		—		3,520		15,680		7,177		74,261		1			5,383
Purchase credit-impaired loans		6,780		—		—		33,351		1,957		42,088		—			2,413
Total commercial loans	$	6,962,767	$	1,101,282	$	338,787	$	1,187,678	$	43,835	$	9,634,349		100	%	$	84,412

(a) Balances as of June 30, 2015 and 2014, each presented net of $26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is “13”.

The retail portfolio is comprised primarily of smaller-balance loans which are very similar in nature in that most are standard products and are backed by residential real estate. Because of the similarities of retail loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the credit quality of consumer borrowers. FICO scores are refreshed on a quarterly basis in an attempt to reflect the recent risk profile of the borrowers. Accruing delinquency amounts are indicators of asset quality within the credit card and other retail portfolio.

21

Note 4 – Loans (Continued)

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 June 30, 2015 and 2014:

HELOC
	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	46,789		708		703	$	68,332		708		703
2003		86,928		720		709		120,962		723		710
2004		236,022		723		708		346,431		725		713
2005		382,946		730		718		500,404		732		722
2006		306,652		739		727		365,886		740		728
2007		327,360		744		729		384,391		743		729
2008		183,224		753		748		208,637		753		748
2009		92,774		752		744		110,934		751		745
2010		88,337		754		747		106,954		753		750
2011		86,584		758		751		105,295		759		755
2012		107,715		760		757		128,733		759		759
2013		136,449		757		757		167,149		760		760
2014		120,544		761		763		51,982		760		762
2015		60,176		764		763		—		—		—
Total	$	2,262,500		742		732	$	2,666,090		741		732

R/E Installment Loans	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	10,180		678		686	$	18,623		680		683
2003		39,996		713		722		62,823		713		724
2004		34,944		698		697		47,502		700		699
2005		106,185		715		711		141,545		716		712
2006		116,730		712		704		156,538		714		702
2007		175,807		722		708		224,425		724		709
2008		56,222		719		712		74,106		721		714
2009		24,999		736		727		33,506		739		732
2010		82,230		750		760		113,437		748		754
2011		254,298		760		759		309,172		760		759
2012		562,078		764		765		653,179		764		765
2013		443,257		755		757		497,720		757		756
2014		439,744		756		755		220,264		756		754
2015		261,101		757		756		—		—		—
Total	$	2,607,771		749		748	$	2,552,840		747		744

Permanent Mortgage	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2004	$	126,365		722		717	$	169,338		724		720
2004		14,586		712		711		19,378		713		714
2005		32,187		736		734		37,572		737		737
2006		56,378		732		734		68,693		730		721
2007		176,298		733		717		207,116		733		712
2008		81,865		741		710		91,904		741		704
Total	$	487,679		730		717	$	594,001		729		713

22

Note 4 – Loans (Continued)

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on June 30, 2015:

	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	7,673,986	$	4,830	$	199	$	7,679,015	$	13,781	$	2,536	$	14,352	$	30,669	$	7,709,684
Loans to mortgage companies		1,797,877		1,669		—		1,799,546		—		—		119		119		1,799,665
TRUPS (a)		305,382		—		—		305,382		—		—		12,785		12,785		318,167
Purchased credit-impaired loans		4,153		201		693		5,047		—		—		—		—		5,047
Total commercial (C&I)		9,781,398		6,700		892		9,788,990		13,781		2,536		27,256		43,573		9,832,563
Commercial real estate:
Income CRE		1,344,440		2,916		—		1,347,356		1,285		2,041		8,420		11,746		1,359,102
Residential CRE		19,114		123		—		19,237		—		—		—		—		19,237
Purchased credit-impaired loans		22,238		—		138		22,376		—		—		—		—		22,376
Total commercial real estate		1,385,792		3,039		138		1,388,969		1,285		2,041		8,420		11,746		1,400,715
Consumer real estate:
HELOC		2,150,344		22,240		9,785		2,182,369		65,345		5,243		9,543		80,131		2,262,500
R/E installment loans		2,557,513		9,172		4,272		2,570,957		27,294		1,873		5,227		34,394		2,605,351
Purchased credit-impaired loans		2,012		4		404		2,420		—		—		—		—		2,420
Total consumer real estate		4,709,869		31,416		14,461		4,755,746		92,639		7,116		14,770		114,525		4,870,271
Permanent mortgage		444,187		5,450		5,569		455,206		15,495		1,981		14,997		32,473		487,679
Credit card & other
Credit card		182,477		1,446		1,284		185,207		—		—		—		—		185,207
Other		158,530		873		177		159,580		—		—		749		749		160,329
Purchased credit-impaired loans		8		—		—		8		—		—		—		—		8
Total credit card & other		341,015		2,319		1,461		344,795		—		—		749		749		345,544
Total loans, net of unearned	$	16,662,261	$	48,924	$	22,521	$	16,733,706	$	123,200	$	13,674	$	66,192	$	203,066	$	16,936,772

(a) Total TRUPS includes LOCOM valuation allowance of $26.2 million.

23

Note 4 – Loans (Continued)

The following table reflects accruing and non-accruing loans by class on June 30, 2014:

	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	6,900,880	$	9,707	$	704	$	6,911,291	$	13,105	$	3,850	$	27,741	$	44,696	$	6,955,987
Loans to mortgage companies		1,097,367		3,782		—		1,101,149		—		—		133		133		1,101,282
TRUPS (a)		335,267		—		—		335,267		—		—		3,520		3,520		338,787
Purchased credit-impaired loans		5,226		322		1,232		6,780		—		—		—		—		6,780
Total commercial (C&I)		8,338,740		13,811		1,936		8,354,487		13,105		3,850		31,394		48,349		8,402,836
Commercial real estate:
Income CRE		1,134,752		8,044		—		1,142,796		271		133		11,127		11,531		1,154,327
Residential CRE		39,429		—		—		39,429		1,297		—		1,152		2,449		41,878
Purchased credit-impaired loans		29,827		259		5,222		35,308		—		—		—		—		35,308
Total commercial real estate		1,204,008		8,303		5,222		1,217,533		1,568		133		12,279		13,980		1,231,513
Consumer real estate:
HELOC		2,548,170		19,772		9,677		2,577,619		71,653		5,888		10,930		88,471		2,666,090
R/E installment loans		2,490,461		11,264		7,889		2,509,614		32,881		3,002		6,568		42,451		2,552,065
Purchased credit-impaired loans		775		—		—		775		—		—		—		—		775
Total consumer real estate		5,039,406		31,036		17,566		5,088,008		104,534		8,890		17,498		130,922		5,218,930
Permanent mortgage		546,846		5,559		4,573		556,978		16,935		3,410		16,678		37,023		594,001
Credit card & other
Credit card		184,014		2,010		1,564		187,588		—		—		—		—		187,588
Other		158,233		937		317		159,487		—		—		1,342		1,342		160,829
Purchased credit-impaired loans		12		—		—		12		—		—		—		—		12
Total credit card & other		342,259		2,947		1,881		347,087		—		—		1,342		1,342		348,429
Total loans, net of unearned	$	15,471,259	$	61,656	$	31,178	$	15,564,093	$	136,142	$	16,283	$	79,191	$	231,616	$	15,795,709

(a) Total TRUPS includes LOCOM valuation allowance of $26.2 million.

Troubled Debt Restructurings

As part of FHN’s ongoing risk management practices, FHN attempts to work with borrowers when necessary to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. FHN considers regulatory guidelines when restructuring loans to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan.

A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that FHN has granted a concession to the borrower. FHN may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of loan structures, business/industry risk, and borrower/guarantor structures. Concessions could include extension of the maturity date, reductions of the interest rate (which may make the rate lower than current market for a new loan with similar risk), reduction or forgiveness of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, FHN also considers whether the borrower has provided additional collateral or guarantors, among other things, and whether such additions adequately compensate FHN for the restructured terms. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management’s judgment is required when determining whether a modification is classified as a TDR.

For all classes within the commercial portfolio segment, TDRs are typically modified through forbearance agreements (generally 6 to 12 months). Forbearance agreements could include reduced interest rates, reduced payments, release of guarantor, or entering into short sale agreements. FHN’s proprietary modification programs for consumer loans are generally structured using parameters of U.S. government-sponsored programs such as Home Affordable Modification Program (“HAMP”). Within the HELOC and R/E

24

Note 4 – Loans (Continued)

installment loans classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years the interest rate steps up 1 percent every year thereafter until it reaches the Federal Home Loan Mortgage Corporation Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance.

Despite the absence of a loan modification, the discharge of personal liability through bankruptcy proceedings is considered a concession. As a result, FHN classifies all non-reaffirmed residential real estate loans discharged in Chapter 7 bankruptcy as nonaccruing TDRs.

On June 30, 2015 and 2014, FHN had $310.6 million and $350.9 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $61.0 million and $65.8 million, or 20 percent as of June 30, 2015, and 19 percent as of June 30, 2014. Additionally, $80.8 million and $139.5 million of loans held-for-sale as of June 30, 2015 and 2014, respectively were classified as TDRs.

The following tables reflect portfolio loans that were classified as TDRs during the three and six months ended June 30, 2015 and 2014:

	Three Months Ended June 30, 2015						Six Months Ended June 30, 2015
			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		—	$	—	$	—		2	$	1,388	$	1,325
Total commercial (C&I)		—		—		—		2		1,388		1,325
Consumer real estate:
HELOC		65		7,237		7,147		102		10,964		10,854
R/E installment loans		22		1,912		1,916		38		3,266		3,293
Total consumer real estate		87		9,149		9,063		140		14,230		14,147
Permanent mortgage		4		1,718		1,733		6		2,039		2,054
Credit card & other		6		20		19		12		48		46
Total troubled debt restructurings		97	$	10,887	$	10,815		160	$	17,705	$	17,572
	Three Months Ended June 30, 2014						Six Months Ended June 30, 2014
			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		2	$	736	$	522		2	$	736	$	522
Total commercial (C&I)		2		736		522		2		736		522
Commercial real estate:
Income CRE		2		421		421		2		421		421
Residential CRE		1		976		960		1		976		960
Total commercial real estate		3		1,397		1,381		3		1,397		1,381
Consumer real estate:
HELOC		97		8,279		8,557		164		14,069		14,325
R/E installment loans		45		3,132		3,093		117		8,275		8,195
Total consumer real estate		142		11,411		11,650		281		22,344		22,520
Permanent mortgage		12		2,082		2,080		24		6,675		6,167
Credit card & other		14		60		57		34		147		142
Total troubled debt restructurings		173	$	15,686	$	15,690		344	$	31,299	$	30,732

25

Note 4 – Loans (Continued)

The following tables present TDRs which re-defaulted during the three and six months ended June 30, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.

	Three Months Ended				Six Months Ended
	June 30, 2015				June 30, 2015
			Recorded				Recorded
(Dollars in thousands)	Number		Investment		Number		Investment
Commercial (C&I):
General C&I		—	$	—		—	$	—
Total commercial (C&I)		—		—		—		—
Commercial real estate:
Income CRE		—		—		—		—
Residential CRE		1		896		1		896
Total commercial real estate		1		896		1		896
Consumer real estate:
HELOC		6		278		7		308
R/E installment loans		1		26		2		112
Total consumer real estate		7		304		9		420
Permanent mortgage		—		—		—		—
Credit card & other		2		5		3		8
Total troubled debt restructurings		10	$	1,205		13	$	1,324

	Three Months Ended				Six Months Ended
	June 30, 2014				June 30, 2014
			Recorded				Recorded
(Dollars in thousands)	Number		Investment		Number		Investment
Commercial (C&I):
General C&I		—	$	—		4	$	512
Total commercial (C&I)		—		—		4		512
Commercial real estate:
Income CRE		—		—		2		389
Residential CRE		—		—		—		—
Total commercial real estate		—		—		2		389
Consumer real estate:
HELOC		2		128		5		339
R/E installment loans		5		305		7		368
Total consumer real estate		7		433		12		707
Permanent mortgage		2		781		2		781
Credit card & other		2		4		2		4
Total troubled debt restructurings		11	$	1,218		22	$	2,393

The determination of whether a TDR is placed on nonaccrual status generally follows the same internal policies and procedures as other portfolio loans. However, FHN will typically place a consumer real estate loan on nonaccrual status if it is 30 or more days delinquent upon modification into a TDR. For commercial loans, a nonaccrual TDR that is reasonably assured of repayment according to its modified terms may be returned to accrual status by FHN upon a detailed credit evaluation of the borrower’s financial condition and prospects for repayment under the revised terms. For consumer loans, FHN’s evaluation supporting the decision to return a modified loan to accrual status includes consideration of the borrower’s sustained historical repayment performance for a reasonable period prior to the date on which the loan is returned to accrual status, which is generally a minimum of six months. FHN may also consider a borrower’s sustained historical repayment performance for a reasonable time prior to the restructuring in assessing whether the borrower can meet the restructured terms, as it may indicate that the borrower is capable of servicing the level of debt under the modified terms. Otherwise, FHN will continue to classify a restructured loan as nonaccrual. Consistent with regulatory guidance, upon sustained performance and classification as a TDR over FHN’s year-end, the loan will be removed from TDR status as long as the modified terms were market-based at the time of modification.

26

Note 5 - Allowance for Loan Losses

The ALLL includes the following components: reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail loans, both determined in accordance with ASC 450-20-50. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics and are subject to qualitative adjustments by management to reflect current events, trends, and conditions (including economic considerations and trends). The pace of the economic recovery, performance of the housing market, unemployment levels, labor participation rate, regulatory environment, regulatory guidance, and both positive and negative portfolio segment-specific trends, are examples of additional factors considered by management in determining the ALLL. Additionally, management considers the inherent uncertainty of quantitative models that are driven by historical loss data. Management evaluates the periods of historical losses that are the basis for the loss rates used in the quantitative models and selects historical loss periods that are believed to be the most reflective of losses inherent in the loan portfolio as of the balance sheet date. Management also periodically reviews analysis of the loss emergence period which is the amount of time it takes for a loss to be confirmed (initial charge-off) after a loss event has occurred. FHN performs extensive studies as it relates to the historical loss periods used in the model and the loss emergence period and model assumptions are adjusted accordingly. The ALLL also includes reserves determined in accordance with ASC 310-10-35 for loans determined by management to be individually impaired and an allowance associated with PCI loans. See Note 1 – Summary of Significant Accounting Policies and Note – 5 Allowance for Loan Losses in the Notes to Consolidated Financial Statements on Form 10-K for the year ended December 31, 2014, for additional information about the policies and methodologies used in the aforementioned components of the ALLL.

27

Note 5 - Allowance for Loan Losses (Continued)

The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2015 and 2014:

				Commercial			Consumer			Permanent			Credit Card
(Dollars in thousands)	C&I			Real Estate			Real Estate			Mortgage			and Other			Total
Balance as of April 1, 2014	$	72,732		$	15,523		$	123,409		$	22,521		$	13,061		$	247,246
Charge-offs		(5,449	)		(747	)		(8,074	)		(879	)		(3,615	)		(18,764	)
Recoveries		1,517			1,732			5,470			694			733			10,146
Provision/(provision credit) for loan losses		(209	)		(687	)		(2,768	)		1,391			7,273			5,000
Balance as of June 30, 2014		68,591			15,821			118,037			23,727			17,452			243,628
Balance as of January 1, 2014	$	86,446		$	10,603		$	126,785		$	22,491		$	7,484		$	253,809
Charge-offs		(11,256	)		(1,374	)		(20,338	)		(3,097	)		(7,391	)		(43,456	)
Recoveries		3,119			2,011			10,444			1,272			1,429			18,275
Provision/(provision credit) for loan losses		(9,718	)		4,581			1,146			3,061			15,930			15,000
Balance as of June 30, 2014		68,591			15,821			118,037			23,727			17,452			243,628
Allowance - individually evaluated for impairment		4,075			1,308			43,925			19,323			266			68,897
Allowance - collectively evaluated for impairment		64,473			12,143			74,071			4,404			17,185			172,276
Allowance - purchase credit impaired loans		43			2,370			41			—			1			2,455
Loans, net of unearned as of June 30, 2014:
Individually evaluated for impairment		51,404			22,857			176,885			119,466			524			371,136
Collectively evaluated for impairment		8,344,652			1,173,348			5,041,270			474,535			347,893			15,381,698
Purchased credit-impaired loans		6,780			35,308			775			—			12			42,875
Total loans, net of unearned	$	8,402,836		$	1,231,513		$	5,218,930		$	594,001		$	348,429		$	15,795,709
Balance as of April 1, 2015	$	67,652		$	17,665		$	109,245		$	20,186		$	13,580		$	228,328
Charge-offs		(4,976	)		(888	)		(6,903	)		(809	)		(5,858	)		(19,434	)
Recoveries		926			153			7,851			671			856			10,457
Provision/(provision credit) for loan losses		15,148			4,562			(24,736	)		2,329			4,697			2,000
Balance as of June 30, 2015		78,750			21,492			85,457			22,377			13,275			221,351
Balance as of January 1, 2015	$	67,011		$	18,574		$	113,011		$	19,122		$	14,730		$	232,448
Charge-offs		(8,531	)		(1,675	)		(15,440	)		(1,993	)		(9,794	)		(37,433	)
Recoveries		2,879			844			12,575			1,289			1,749			19,336
Provision/(provision credit) for loan losses		17,391			3,749			(24,689	)		3,959			6,590			7,000
Balance as of June 30, 2015		78,750			21,492			85,457			22,377			13,275			221,351
Allowance - individually evaluated for impairment		12,927			635			41,406			17,857			155			72,980
Allowance - collectively evaluated for impairment		65,646			18,743			43,558			4,520			13,120			145,587
Allowance - purchased credit-impaired loans		177			2,114			493			—			—			2,784
Loans, net of unearned as of June 30, 2015:
Individually evaluated for impairment		55,736			12,493			172,097			107,157			418			347,901
Collectively evaluated for impairment		9,771,780			1,365,846			4,695,754			380,522			345,118			16,559,020
Purchased credit-impaired loans		5,047			22,376			2,420			—			8			29,851
Total loans, net of unearned	$	9,832,563		$	1,400,715		$	4,870,271		$	487,679		$	345,544		$	16,936,772

28

Note 6 – Intangible Assets

The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Condensed Statements of Condition:

			Other
			Intangible
(Dollars in thousands)	Goodwill		Assets (a)
December 31, 2013	$	141,943	$	21,988
Amortization expense		—		(1,963	)
June 30, 2014	$	141,943	$	20,025
December 31, 2014	$	145,932	$	29,518
Amortization expense		—		(2,596	)
June 30, 2015	$	145,932	$	26,922

(a) Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.

The gross carrying amount and accumulated amortization of other intangible assets subject to amortization is $70.3 million and $43.4 million, respectively on June 30, 2015. Estimated aggregate amortization expense is expected to be $2.6 million for the remainder of 2015, and $5.0 million, $4.7 million, $4.5 million, $4.2 million, and $1.5 million for the twelve-month periods of 2016, 2017, 2018, 2019, and 2020, respectively. No goodwill is carried in the Corporate and Non-strategic segments.

Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning January 1, 2012, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. Gross goodwill of $200.0 million with accumulated impairments and accumulated divestiture related write-offs of $114.1 million and $85.9 million, respectively, were previously allocated to the non-strategic segment, resulting in $0 net goodwill allocated to the non-strategic segment as of June 30, 2014 and 2015. The regional bank and fixed income segments do not have any accumulated impairments or divestiture related write-offs. The following is a summary of goodwill by reportable segment included in the Consolidated Condensed Statements of Condition as of June 30, 2014 and 2015.

	Regional		Fixed
(Dollars in thousands)	Banking		Income		Total
December 31, 2013	$	43,939	$	98,004	$	141,943
Additions		—		—		—
Impairments		—		—		—
Divestitures		—		—		—
Net change in goodwill during 2014		—		—		—
June 30, 2014	$	43,939	$	98,004	$	141,943
December 31, 2014	$	47,928	$	98,004	$	145,932
Additions		—		—		—
Impairments		—		—		—
Divestitures		—		—		—
Net change in goodwill during 2015		—		—		—
June 30, 2015	$	47,928	$	98,004	$	145,932

29

Note 7 – Other Income and Other Expense

Following is detail of All other income and commissions and All other expense as presented in the Consolidated Condensed Statements of Income:

	Three Months Ended June 30						Six Months Ended June 30
(Dollars in thousands)	2015			2014			2015		2014
All other income and commissions:
ATM interchange fees	$	3,025		$	2,746		$	5,786	$	5,243
Letter of credit fees		1,532			1,173			2,655		2,836
Electronic banking fees		1,459			1,535			2,887		3,069
Deferred compensation (a)		(35	)		1,184			998		1,841
Gain/(loss) on extinguishment of debt		—			—			—		(4,350	)
Other		6,421			2,597			9,546		5,490
Total	$	12,402		$	9,235		$	21,872	$	14,129
All other expense:
Other insurance and taxes	$	3,455		$	3,209		$	6,784	$	6,269
Travel and entertainment		2,632			2,645			4,246		4,469
Customer relations		1,505			1,680			2,819		2,923
Employee training and dues		1,449			1,200			2,581		2,066
Supplies		880			804			1,807		1,920
Miscellaneous loan costs		734			839			1,095		1,553
Tax credit investments		549			862			944		1,187
Litigation and regulatory matters		—			(38,200	)		162,500		(38,110	)
Other		9,307			8,902			17,730		18,147
Total	$	20,511		$	(18,059	)	$	200,506	$	424

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1-Financial Information for addition information.

(a) Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense.

30

Note 8 – Changes in Accumulated Other Comprehensive Income Balances

The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2015:

	Unrealized
	Gain/(Loss) On
	Securities Available-			Pension and Post
(Dollars in thousands, unless otherwise noted)	For-Sale			Retirement Plans			Total
Balance as of April 1, 2015	$	36,585		$	(205,744	)	$	(169,159	)
Other comprehensive income before reclassifications, Net of tax benefit of $12.7 million for unrealized gain/(loss) on securities available-for-sale		(20,100	)		—			(20,100	)
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.6 million for pension and post retirement plans		—			1,011			1,011
Net current period other comprehensive income, Net of tax benefit of $12.7 million and tax expense of $.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively		(20,100	)		1,011			(19,089	)
Balance as of June 30, 2015	$	16,485		$	(204,733	)	$	(188,248	)
Balance as of January 1, 2015	$	18,581		$	(206,827	)	$	(188,246	)
Other comprehensive income before reclassifications, Net of tax benefit of $1.3 million for unrealized gain/(loss) on securities available-for-sale		(2,096	)		—			(2,096	)
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $1.3 million for pension and post retirement plans		—			2,094			2,094
Net current period other comprehensive income, Net of tax benefit of $1.3 million and tax expense of $1.3 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively		(2,096	)		2,094			(2	)
Balance as of June 30, 2015	$	16,485		$	(204,733	)	$	(188,248	)

31

Note 8 – Changes in Accumulated Other Comprehensive Income Balances (Continued)

The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2014:

	Unrealized
	Gain/(Loss) On
	Securities Available-			Pension and Post
(Dollars in thousands, unless otherwise noted)	For-Sale			Retirement Plans			Total
Balance as of April 1, 2014	$	(1,762	)	$	(138,357	)	$	(140,119	)
Other comprehensive income before reclassifications, Net of tax expense of $10.9 million for unrealized gain/(loss) on securities available-for-sale		17,358			—			17,358
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.4 million for pension and post retirement plans		—			650			650
Net current period other comprehensive income, Net of tax expense of $10.9 million and $.4 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively		17,358			650			18,008
Balance as of June 30, 2014	$	15,596		$	(137,707	)	$	(122,111	)
Balance as of January 1, 2014	$	(11,241	)	$	(138,768	)	$	(150,009	)
Other comprehensive income before reclassifications, Net of tax expense of $16.8 million for unrealized gain/(loss) on securities available-for-sale		26,837			—			26,837
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.7 million for pension and post retirement plans		—			1,061			1,061
Net current period other comprehensive income, Net of tax expense of $16.8 million and $.7 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively		26,837			1,061			27,898
Balance as of June 30, 2014	$	15,596		$	(137,707	)	$	(122,111	)

32

Note 9 – Earnings Per Share

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:

	Three Months Ended June 30				Six Months Ended June 30
(Dollars and shares in thousands, except per share data)	2015		2014		2015			2014
Net income/(loss)	$	54,957	$	81,929	$	(17,448	)	$	131,908
Net income attributable to noncontrolling interest		2,851		2,859		5,609			5,672
Net income/(loss) attributable to controlling interest		52,106		79,070		(23,057	)		126,236
Preferred stock dividends		1,550		1,550		3,100			3,100
Net income/(loss) available to common shareholders	$	50,556	$	77,520	$	(26,157	)	$	123,136
Weighted average common shares outstanding - basic		232,800		235,797		232,808			235,492
Effect of dilutive securities		1,869		1,453		—			1,833
Weighted average common shares outstanding - diluted		234,669		237,250		232,808			237,325
Net income/(loss) per share available to common shareholders	$	0.22	$	0.33	$	(0.11	)	$	0.52
Diluted income/(loss) per share available to common shareholders	$	0.22	$	0.33	$	(0.11	)	$	0.52

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

For the three months ended June 30, 2015, the dilutive effect for all potential common shares was 1.9 million. For the six months ended June 30, 2015 all potential common shares were antidilutive due to the net loss attributable to common shareholders. The dilutive effect for all potential common shares was 1.5 million and 1.8 million for the three and six months ended June 30, 2014, respectfully. Stock options of 3.6 million and 5.6 million with weighted average exercise prices of $24.26 and $21.17 per share for the three months ended June 30, 2015 and 2014, respectively, were excluded from diluted shares because including such shares would be antidilutive. Stock options of 7.8 million and 4.8 million with weighted average exercise prices of $17.17 and $24.26 per share for the six months ended June 30, 2015 and 2014, respectfully, were also excluded from diluted shares. Other equity awards of 2.2 million for the six months ended June 30, 2015, were excluded from diluted shares because including such shares would have been antidilutive.

33

Note 10 – Contingencies and Other Disclosures

Contingencies

General

Contingent liabilities arise in the ordinary course of business. Often they are related to lawsuits, arbitration, mediation, and other forms of litigation. Various litigation matters are threatened or pending against FHN and its subsidiaries. Also, FHN at times receives requests for information, subpoenas, or other inquiries from federal, state, and local regulators, from other government authorities, and from other parties concerning various matters relating to FHN’s current or former lines of business. Certain matters of that sort are pending at this time, and FHN is cooperating in those matters. Pending and threatened litigation matters sometimes are resolved in court or before an arbitrator, and sometimes are settled by the parties. Regardless of the manner of resolution, frequently the most significant changes in status of a matter occur over a short time period, often following a lengthy period of little substantive activity. In view of the inherent difficulty of predicting the outcome of these matters, particularly where the claimants seek very large or indeterminate damages, or where the cases present novel legal theories or involve a large number of parties, or where claims or other actions may be possible but have not been brought, FHN cannot reasonably determine what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters may be, or what the eventual loss or impact related to each matter may be. FHN establishes loss contingency liabilities for litigation matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance requires a liability to be established at the low end of the range.

Based on current knowledge, and after consultation with counsel, management is of the opinion that loss contingencies related to threatened or pending litigation matters should not have a material adverse effect on the consolidated financial condition of FHN, but may be material to FHN’s operating results for any particular reporting period depending, in part, on the results from that period.

Litigation – Loss Contingencies

As used in this Note, “material loss contingency matters” generally fall into at least one of the following categories: (i) FHN has determined material loss to be probable and has established a material loss liability in accordance with applicable financial accounting guidance, other than matters reported as having been substantially settled or otherwise substantially resolved; (ii) FHN has determined material loss to be probable but is not reasonably able to estimate an amount or range of material loss liability; or (iii) FHN has determined that material loss is not probable but is reasonably possible, and that the amount or range of that material loss is estimable. As defined in applicable accounting guidance, loss is reasonably possible if there is more than a remote chance of a material loss outcome for FHN. Set forth below are disclosures for certain pending or threatened litigation matters, including all matters mentioned in (i) or (ii) and certain matters mentioned in (iii). In addition, certain other matters are discussed relating to FHN’s former mortgage origination and servicing businesses. In all litigation matters discussed, unless settled or otherwise resolved, FHN believes it has meritorious defenses and intends to pursue those defenses vigorously.

FHN reassesses the liability for litigation matters each quarter as the matters progress. At June 30, 2015, the aggregate amount of liabilities established for all material loss contingency matters was $6.3 million. The liabilities discussed in this paragraph are separate from those discussed under the heading “Established Repurchase Liability” below.

In each material loss contingency matter, except as otherwise noted, there is a more than slight chance that each of the following outcomes will occur: the plaintiff will substantially prevail; the defense will substantially prevail; the plaintiff will prevail in part; or the matter will be settled by the parties. At June 30, 2015, FHN estimates that for all material loss contingency matters, estimable reasonably possible losses in future periods in excess of currently established liabilities could aggregate in a range from zero to approximately $75 million.

As a result of the general uncertainties discussed above and the specific uncertainties discussed for each matter mentioned below, it is possible that the ultimate future loss experienced by FHN for any particular matter may materially exceed the amount, if any, of currently established liability for that matter. That possibility exists both for matters included in the estimated reasonable possible loss (“RPL”) range mentioned above and for matters not included in that range.

Certain Matters Included in Reasonably Possible Loss Range

Debit Transaction Sequencing Litigation Matter. FTBNA is a defendant in a putative class action lawsuit concerning overdraft fees charged in connection with debit card transactions. A key claim is that the method used to order or sequence the transactions posted each day was improper. The case is styled as Hawkins v. First Tennessee Bank National Association, before the Circuit Court for Shelby County, Tennessee, Case No. CT-004085-11. The plaintiff seeks actual damages of at least $5 million, unspecified restitution of fees charged, and unspecified punitive damages, among other things. FHN’s estimate of RPL for this matter is subject to significant

34

Note 10 – Contingencies and Other Disclosures (Continued)

uncertainties regarding: whether a class will be certified and, if so, the definition of the class; claims as to which no dollar amount is specified; the potential remedies that might be available or awarded; the ultimate outcome of potentially significant motions such as motions to dismiss, or for summary judgment; and the incomplete status of the discovery process.

RPL-Included First Horizon Branded Mortgage Securitization Litigation Matters. Several pending litigation matters are discussed under the heading “First Horizon Branded Mortgage Securitization Litigation Matters” below. For certain of those FHN has been able to estimate RPL. Those estimable matters are the Charles Schwab, FDIC (NY), and FDIC (AL) cases. The estimates for those matters are included in the RPL range discussed above. The RPL estimates are subject to significant uncertainties regarding: the dollar amounts claimed; the potential remedies that might be available or awarded; the outcome of any settlement discussions; the outcome of potentially significant motions; the availability of significantly dispositive defenses; the incomplete status of the discovery process; and the lack of precedent claims.

Certain Matters Not Included in Reasonably Possible Loss Range

Several pending litigation matters are discussed under the heading “First Horizon Branded Mortgage Securitization Litigation Matters” below. For certain of those FHN has been able to estimate RPL as mentioned in the preceding paragraph, and for others FHN has not. Those matters for which RPL currently is not estimable are the FHLB of San Francisco, Metropolitan Life, Royal Park, Integra REC and Tennessee Consolidated Retirement System indemnity cases. FHN is unable to estimate an RPL range due to significant uncertainties regarding: claims as to which the claimant specifies no dollar amount; the potential remedies that might be available or awarded; the availability of significantly dispositive defenses such as statutes of limitations or repose; the outcome of potentially dispositive early-stage motions such as motions to dismiss; the identity and value of assets that FHN may be required to repurchase for those claims seeking asset repurchase; the incomplete status of the discovery process; the lack of a precise statement of damages; and lack of precedent claims.

Litigation – Gain Contingencies

In second quarter 2015 FHN reached an agreement with the U.S. Department of Justice (“DOJ”) and the Office of the Inspector General for the Department of Housing and Urban Development (“HUD”) to settle potential claims related to FHN’s underwriting and origination of loans insured by the Federal Housing Administration (“FHA”). Under that agreement FHN paid $212.5 million. FHN believes that certain insurance policies, having an aggregate policy limit of $75 million, provide coverage for FHN’s losses and related costs. The insurers have denied and/or reserved rights to deny coverage. FHN has brought suit against the insurers to enforce the policies under Tennessee law. In connection with this litigation the previously recognized expenses associated with the settled matter may be recouped in part. Under applicable financial accounting guidance FHN has determined that although material gain from this litigation is not probable there is more than a slight chance of a material gain outcome for FHN. FHN cannot determine a probable outcome that may result from this matter because of the uncertainty of the potential outcomes of the legal proceedings and also due to significant uncertainties regarding: legal interpretation of the relevant contracts; potential remedies that might be available or awarded; and lack of discovery.

First Horizon Branded Mortgage Securitization Litigation Matters

Prior to September 2008 FHN originated and sold home loan products through various channels and conducted its servicing business under the First Horizon Home Loans and First Tennessee Mortgage Servicing brands. Those sales channels included the securitization of loans into pools held by trustees and the sale of the resulting securities, sometimes called “certificates,” to investors. These activities are discussed in more detail below under the heading “Legacy Home Loan Sales and Servicing.”

At the time this report is filed, FHN, along with multiple co-defendants, is defending several lawsuits brought by investors which claim that the offering documents under which certificates relating to First Horizon branded securitizations (“FH proprietary securitizations”) were sold to them were materially deficient. The plaintiffs and venues of these suits are: (1) Charles Schwab Corp. in the Superior Court of San Francisco, California (Case No. 10-501610); (2) Federal Deposit Insurance Corporation (“FDIC”) as receiver for Colonial Bank, in the U.S. District Court for the Middle District of Alabama (Case No. CV-12-791-WKW-WC); and (3) FDIC as receiver for Colonial Bank, in the U.S. District Court for the Southern District of New York (Case No. 12 Civ. 6166 (LLS)(MHD)). The plaintiffs in the pending suits claim to have purchased certificates in a number of separate FH proprietary securitizations and demand that FHN repurchase their investments, or answer in damages or rescission, among other remedies sought.

In some of the pending suits underwriters are co-defendants and have demanded, under provisions in the applicable underwriting agreements, that FHN indemnify them for their expenses and any losses they may incur. In addition, FHN has received indemnity demands from underwriters in certain other suits as to which investors claim to have purchased certificates in FH proprietary securitizations. FHN has not been named a defendant in these suits, which FHN is defending indirectly as indemnitor. The plaintiffs and venues of these other indemnity-only suits are: (4) FHLB of San Francisco, in the Superior Court of San Francisco County,

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Note 10 – Contingencies and Other Disclosures (Continued)

California (Case No. CGC-10-497840); (5) Metropolitan Life Insurance Co., in the Supreme Court of New York County, New York (No. 651360-2012); (6) Royal Park Invs. SA/NV, in the Supreme Court of New York County, New York (No. 652607-2012); (7) Commonwealth of Virginia ex rel. Integra REC LLC, in the Circuit Court for the City of Richmond (No. CL14-399); and (8) Tennessee Consolidated Retirement System, in the Chancery Court for Davidson County, Tennessee (No. 13-1729-II).

Details concerning the original purchase amounts and ending balances of the investments at issue in most of these pending suits, as to which FHN is a named defendant or as to which FHN has an agreement to indemnify an underwriter defendant, are set forth below. Information about the performance of the FH proprietary securitizations related to these suits is available in monthly reports published by the trustee for the securitization trusts. FHN believes that certain plaintiffs did not purchase the entire certificate in the securitizations in which they invested. Reporting by the trustee is at a certificate level and, as a result, ending certificate balances in the following table were adjusted to reflect FHN’s estimate of the ending balance of each partial certificate purchased by these plaintiffs. Plaintiffs in the pending lawsuits claim to have purchased a total of $195.7 million of certificates and the purchase prices of the certificates subject to the indemnification requests total $613.9 million.

(Dollars in thousands)	Alt-A		Jumbo
Vintage
Original Purchase Price:
2005	$	202,417	$	—
2006		325,613		32,540
2007		199,012		50,000
Total	$	727,042	$	82,540
Ending Balance per the June 25, 2015, trust statements:
2005	$	46,314	$	—
2006		82,097		7,614
2007		79,024		14,020
Total	$	207,435	$	21,634

If FHN were to repurchase certificates, it would recognize as a loss the difference between the amount paid (adjusted for any related litigation liability previously established) and the fair value of the certificates at that time.

The total ending certificate balance of the investments which are the subject of the current pending lawsuits was $229.1 million as reported on the June 25, 2015, trust statements, with approximately 85 percent of the remaining balances performing. Cumulative losses on the investments which are the subject of the remaining lawsuits, as reported on the trust statements, represent approximately 7 percent of the original principal amount underlying the certificates purchased. Ending certificate balances reflect the remaining principal balance on the certificates, after the monthly principal and interest distributions and after reduction for applicable cumulative and current realized losses. Recognized cumulative losses may not take into account all outstanding principal and interest amounts advanced by the servicer due to nonpayment by the borrowers; reimbursement of those advances to the servicer may increase cumulative losses. Losses often are reported by the trustee based on each certificate within a pool or group, which limits FHN’s ability to ascertain losses at the individual investor level.

As discussed below under “Legacy Home Loan Sales and Servicing,” other investors may attempt to pursue similar claims, and securitization trustees or other parties may attempt to pursue loan repurchase, make-whole, or indemnity claims. At June 30, 2015, except for the Charles Schwab case, FHN had not recognized a liability for exposure for investment rescission, loan repurchase, damages, or other actual or potential claims arising from FHN’s previous securitization and related activities.

Legacy Home Loan Sales and Servicing

Overview

Prior to September 2008, as a means to provide liquidity for its legacy mortgage banking business, FHN originated loans through its legacy mortgage business, primarily first lien home loans, with the intention of selling them. Sales typically were effected either as non-recourse whole-loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residential mortgage loans were sold predominantly to two government-sponsored entities (“GSEs”): the Federal National Mortgage Association (“Fannie Mae,” “Fannie,” or “FNMA”), and the Federal Home Loan Mortgage Corporation (“Freddie Mac,” “Freddie,” or “FHLMC”). Federally insured or guaranteed whole-loans were pooled, and payments to investors were guaranteed through the Government National Mortgage Association (“Ginnie Mae,” “Ginnie,” or “GNMA”). Collectively, Fannie Mae, Freddie Mac, and Ginnie Mae are referred to as the “Agencies.” Many mortgage loan originations, especially those “nonconforming” mortgage loans that did not meet

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Note 10 – Contingencies and Other Disclosures (Continued)

criteria for whole-loan sales to the GSEs or insurance through Ginnie Mae, were sold to investors, or certificate-holders, predominantly through First Horizon (“FH”) branded proprietary securitizations but also, to a lesser extent, through whole-loan sales to private non-Agency purchasers. In addition, FHN originated with the intent to sell and sold HELOCs and second lien mortgages through whole-loan sales to private purchasers and, to a lesser extent, through FH proprietary securitizations.

On August 31, 2008 FHN sold its national mortgage origination and servicing platforms along with a portion of its servicing assets and obligations. This is sometimes referred to as the “2008 sale,” the “2008 divestiture,” the “platform sale,” or other similar terms. FHN contracted to have its remaining servicing obligations sub-serviced. Since the 2008 platform sale FHN has sold substantially all remaining servicing assets and obligations.

FHN also sold certain Agency mortgage loans with full recourse under agreements to repurchase the loans upon default, and originated or underwrote mortgage loans under the FHA insurance program mentioned above or the Veteran’s Administration (“VA”) guaranty program. After the 2008 sale these lending activities continued but were substantially curtailed.

Agency Whole-Loan Sales

Even though Agency loans were sold without recourse for credit loss, FHN may be obligated to either repurchase a loan for the unpaid principal balance (“UPB”) or make the purchaser whole for the economic loss incurred if FHN breached representations or warranties made by FHN to the purchaser at the time of the sale. Such representations and warranties typically covered both substantive and process matters, such as the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers. Since the mortgage platform sale in 2008, Agencies, primarily the two GSEs, have accounted for the vast majority of repurchase/make-whole claims received.

In the fourth quarter of 2013 FHN entered into a definitive resolution agreement (“DRA”) with Fannie Mae, and in the first quarter of 2014 FHN entered into a DRA with Freddie Mac, in each case resolving certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer serviced at the time of the DRA. Under each DRA, FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects and violations of the GSE’s Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancellations, and denials. With respect to loans where there has been a prior bulk sale of servicing, FHN is not responsible for mortgage insurance cancellations and denials to the extent attributable to the acts of the current servicer.

As a result of the DRAs, the repurchase pipeline overall is smaller, and the proportion of GSE-related repurchase requests in the pipeline also is smaller, than in periods pre-dating the DRAs. FHN’s repurchase liability as of June 30, 2015 contemplates, among other things, estimates of FHN’s repurchase exposure related to loans excluded from the DRAs and estimates of FHN’s repurchase exposure related to certain other whole-loan sales. See “Other Whole-Loan Sales” and “Established Repurchase Liability” below for additional information.

Other Whole-Loan Sales

Prior to the 2008 divestiture FHN also sold first lien mortgage loans through whole-loan sales to non-Agency purchasers. FHN made contractual representations and warranties to the purchasers generally similar to those made to Agency purchasers. As of June 30, 2015, 51 percent of repurchase/make-whole claims in the repurchase pipeline relate to other whole-loan sales. These claims are included in FHN’s liability methodology and the assessment of the adequacy of the repurchase and foreclosure liability.

Many of these loans were included by the purchasers in their own securitizations, not using the First Horizon brand. FHN’s contractual representations and warranties to these loan purchasers generally included repurchase and indemnity covenants for losses and expenses applicable to the securitization caused by FHN’s breach. Currently the following categories of legal actions are pending which involve FHN and non-Agency whole-loan sales: (i) FHN has received indemnification requests from purchasers of loans or their assignees in cases where FHN is not a defendant; (ii) FHN has received subpoenas seeking loan reviews in cases where FHN is not a defendant; (iii) FHN has received repurchase or make-whole demands from purchasers or their assignees; and (iv) FHN is a defendant in certain legal actions involving FHN-originated loans. In some cases the loans to be reviewed, or which otherwise are at issue, have not been identified specifically. Assignees can include securitizers or securitization trustees, among others. A loan is included in the repurchase pipeline only when an identifiable demand for repurchase has been made outside of active litigation.

First Horizon Branded Proprietary Mortgage Securitizations

From 2005 through 2007 FHN originated and sold certain non-agency, nonconforming mortgage loans, consisting of Jumbo and Alternative-A (“Alt A”) first lien mortgage loans, to private investors through 80 proprietary securitization trusts under the FH brand. Securitized loans generally were sold indirectly to investors as interests, commonly known as certificates, in the trusts. The certificates were sold to a variety of investors, including GSEs in some cases, through securities offerings under a prospectus or other offering

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Note 10 – Contingencies and Other Disclosures (Continued)

documents. In most cases, the certificates were tiered into different risk classes, with junior classes exposed to trust losses first and senior classes exposed after junior classes were exhausted. Through third quarter 2013, FHN continued to service substantially all of the remaining loans sold through FH proprietary securitizations. In 2013 FHN contracted to sell substantially all such servicing rights and obligations, with transfers occurring largely in fourth quarter 2013 and first quarter 2014. As of June 30, 2015, the aggregate remaining UPB in active FH proprietary securitizations from 2005 through 2007 was $5.5 billion consisting of $3.9 billion Alt-A mortgage loans and $1.7 billion Jumbo mortgage loans. No FH proprietary securitizations were created after 2007.

Representations and warranties were made to the securitization trustee, as the nominal purchaser of the loans, for the benefit of investors. As of June 30, 2015, the repurchase request pipeline contained no loan repurchase request related to FH proprietary first lien securitizations based on breaches of representations and warranties to the trustee.

FHN’s trustee is a defendant in a lawsuit in which the plaintiffs have asserted that the trustee has duties under federal law to review loans and otherwise act against FHN outside of the duties specified in the applicable trust documents. At June 30, 2015, FHN’s trustee had made no claims against FHN and no litigation by the trustee was pending against FHN.

Interests in securitized loans were sold as securities under prospectuses or other offering documents subject to the disclosure requirements of applicable federal and state securities laws. An investor could pursue (and in certain cases mentioned above, has pursued and is pursuing) a claim alleging that the prospectus or other disclosure documents were deficient by containing materially false or misleading information or by omitting material information. FHN believes a new federal securities law claim cannot be brought at this time due to the running of applicable limitation periods, but other claims might still be possible. Claims of this sort are resolved in a litigation context, unlike FHN’s GSE repurchase experience. FHN’s analysis of loss content and establishment of appropriate liabilities in these cases follow principles and practices associated with litigation matters as discussed above; that process does not involve the repurchase pipeline and repurchase liability.

Other Government Entity Loan Reviews

Certain government entities acting on behalf of several purchasers of FH proprietary and other securitizations have subpoenaed information from FHN and others. The FHLB of San Francisco and FHLB of Atlanta have subpoenaed FHN for purposes of a loan origination review related to certain of their securitization investments. Collectively, the FHLB subpoenas seek information concerning a number of FH proprietary securitizations. In addition, the FDIC, acting on behalf of certain failed banks, has also subpoenaed FHN related to FH proprietary securitization investments by those institutions.

The FDIC and FHLB of San Francisco subpoenas also concern loans sold by FHN to non-Agency purchasers on a whole-loan basis which were included by those purchasers in non-FH securitizations. See “Other Whole-Loan Sales” above for additional information concerning loans originated and sold by FHN that were included in the purchasers’ own securitizations. In addition, the FHLB of Seattle has subpoenaed FHN in connection with FHN-originated loans that were included in non-FH securitizations. The FDIC subpoena fails to identify the specific investments made by the failed banks. Other than the dollar amounts of those investments which are the subject of the FDIC’s active litigation as receiver for Colonial Bank (discussed above), FHN has limited information regarding at least some of the loans under review or the dollar amounts invested in relation to the FDIC and FHLB subpoenas. The FDIC subpoenas partially overlap with the ongoing litigation matters mentioned above under “Litigation - Loss Contingencies.”

There are limitations as to FHN’s knowledge of the amount of FH proprietary securitizations investments that are subject to the FDIC and FHLB of San Francisco subpoenas. Since the reviews at this time are not repurchase claims, the associated loans are not considered part of the repurchase pipeline.

Private Mortgage Insurance

Private mortgage insurance (“MI”) was required by GSE rules for certain of the loans sold to GSEs and was also provided for certain of the loans that were securitized. MI generally was provided for the first lien loans sold or securitized having a loan-to-value ratio at origination of greater than 80 percent. Although unresolved MI cancellation notices related to GSE-owned loans are not formal repurchase requests, FHN includes these in the active repurchase request pipeline to the extent they relate to securitized loans or are excluded from the DRA settlements with the GSEs mentioned above. FHN tracks and monitors MI cancellation notices received when assessing the overall adequacy of FHN’s repurchase liability.

Established Repurchase Liability

Based on currently available information and experience to date, FHN has evaluated its loan repurchase exposure and has accrued for losses of $117.2 million and $141.6 million as of June 30, 2015 and 2014, respectively, including a smaller amount related to equity-lending junior lien loan sales. FHN used all available information to estimate losses related to potential repurchase obligations not included in the DRAs including future MI rescissions, prior bulk servicing sales where FHN is no longer the directly responsible party but still has repurchase obligations, and obligations related to certain other loan sales, including repurchase obligations related to non-GSE loan sales. Additionally, FHN continues to monitor claims included in the active pipeline, historical repurchase rates, and loss

38

Note 10 – Contingencies and Other Disclosures (Continued)

severities. Accrued liabilities for FHN’s estimate of these obligations are reflected in Other liabilities on the Consolidated Condensed Statements of Condition. Charges to increase the liability are included within Repurchase and foreclosure provision on the Consolidated Condensed Statements of Income. The estimates are based upon currently available information and fact patterns that exist as of the balance sheet dates and could be subject to future changes. Changes to any one of these factors could significantly impact the estimate of FHN’s liability.

Servicing and Foreclosure Practices

After the 2008 platform sale a substantial portion of FHN’s first lien portfolio was serviced through subservicing arrangements. FHN’s servicing activities, including foreclosure and loss mitigation practices, initially were outsourced through a subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). FHN entered into a replacement agreement in 2011 with a new subservicer (the “2011 subservicer”). Through third quarter 2013, FHN serviced a mortgage loan portfolio with an unpaid principal balance of approximately $15 billion as of September 30, 2013. In fourth quarter 2013 and first quarter 2014, FHN sold substantially all remaining servicing to the 2011 subservicer. As a result, the loan portfolio serviced by FHN at June 30, 2015 had an unpaid principal balance of $228.5 million. Servicing still retained by FHN continues to be subserviced by the 2011 subservicer.

FHN is subject to losses in its current and former loan servicing portfolio due to loan foreclosures. Foreclosure exposure arises from certain government agency agreements, as well as agreements with MI insurers, which limit the agency’s repayment guarantees on foreclosed loans and allow compensatory fees and penalties and curtailments of claims for violations of agreements or insurance policies, resulting in losses to the servicer. Foreclosure exposure also includes real estate costs, marketing costs, and costs to maintain properties.

In 2011 regulators entered into consent decrees with several institutions, including FHN’s 2008 subservicer, requiring comprehensive revision of loan modification and foreclosure processes, including the remediation of borrowers that have experienced financial harm. In 2012 the 2008 subservicer, along with certain others, entered into a settlement agreement with the OCC which replaced the consent decree.

Under FHN’s 2008 subservicing agreement, the 2008 subservicer had the contractual right to follow FHN’s prior servicing practices as they existed 180 days prior to August 2008 until the 2008 subservicer became aware that such practices did not comply with applicable servicing requirements, subject to the subservicer’s obligation to follow accepted servicing practices, applicable law, and new requirements, including evolving interpretations of such practices, law and requirements. In the event of a dispute such as that described below between FHN and the 2008 subservicer over any liabilities for the subservicer’s servicing and management of foreclosure or loss mitigation processes, FHN cannot predict the loss that may be incurred.

FHN’s 2008 subservicer has presented invoices and made demands under the 2008 subservicing agreement that FHN pay certain costs related to tax service contracts, miscellaneous transfer costs, servicing timeline penalties, compensatory damages, and curtailments charged by GSEs and a government agency prior to FHN’s transfer of subservicing to its 2011 subservicer in the amount of $8.6 million. The 2008 subservicer also is seeking reimbursement from FHN for expenditures the 2008 subservicer has incurred or anticipates it will incur under the consent decree and supervisory guidance relating to foreclosure review (collectively, “foreclosure review expenditures”). The foreclosure review expenditures for which the 2008 subservicer has sought reimbursement total $34.9 million. Although the most recent request was made in 2012, additional reimbursement requests might be made. FHN disagrees with the 2008 subservicer’s position and has made no reimbursements. In the event that the 2008 subservicer pursues its position through litigation, FHN believes it has meritorious defenses and intends to defend itself vigorously. FHN also believes that certain amounts billed to FHN by agencies for penalties and curtailments on claims by MI insurers for actions by the 2008 subservicer prior to the 2011 subservicing transfer but billed after that date are owed by the 2008 subservicer. This disagreement has the potential to result in litigation and, in any such future litigation, the claim against FHN may be substantial.

Other Disclosures - Visa Matters

FHN is a member of the Visa USA network. In October 2007, the Visa organization of affiliated entities completed a series of global restructuring transactions to combine its affiliated operating companies, including Visa USA, under a single holding company, Visa Inc. (“Visa”). Upon completion of the reorganization, the members of the Visa USA network remained contingently liable for certain Visa litigation matters (the “Covered Litigation”). Based on its proportionate membership share of Visa USA, FHN recognized a contingent liability in fourth quarter 2007 related to this contingent obligation. In March 2008, Visa completed its initial public offering (“IPO”) and funded an escrow account from its IPO proceeds to be used to make payments related to the Visa litigation matters. FHN received approximately 2.4 million Class B shares in conjunction with Visa’s IPO.

Conversion of these shares into Class A shares of Visa and, with limited exceptions, transfer of these shares is restricted until the final resolution of the covered litigation. In conjunction with the prior sales of Visa Class B shares in December 2010 and September 2011, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The conversion ratio is adjusted when Visa deposits funds into the escrow account to cover certain litigation.

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Note 10 – Contingencies and Other Disclosures (Continued)

In July 2012, Visa and MasterCard announced a joint settlement (the “Settlement”) related to the Payment Card Interchange matter, one of the Covered Litigation matters. Based on the amount of the Settlement attributable to Visa and an assessment of FHN’s contingent liability accrued for Visa litigation matters, the Settlement did not have a material impact on FHN. In September 2014, Visa funded $450 million into the escrow account, and as a result FHN made a payment to the derivative counterparty of $2.4 million in October 2014. As of June 30, 2015, the conversion ratio is 165 percent reflecting the Visa stock split in March 2015, and the contingent liability is $.8 million. Future funding of the escrow would dilute this exchange rate by an amount that is not determinable at present.

As of June 30, 2015 and 2014, the derivative liabilities were $4.8 million and $4.7 million, respectively.

FHN now holds approximately 1.1 million Visa Class B shares. FHN’s Visa shares are not considered to be marketable and therefore are included in the Consolidated Condensed Statements of Condition at their historical cost of $0. The Settlement has been approved by the court but that approval has been appealed by certain of the plaintiffs and a hearing has been scheduled for September 2015. Accordingly, the outcome of this matter remains uncertain. Additionally, other Covered Litigation matters are also pending judicial resolution, including new matters filed by class members who opted-out of the Settlement. So long as any Covered Litigation matter remains pending, FHN’s ability to transfer its Visa holdings continues to be restricted.

Other Disclosures – Indemnification Agreements and Guarantees

In the ordinary course of business, FHN enters into indemnification agreements for legal proceedings against its directors and officers and standard representations and warranties for underwriting agreements, merger and acquisition agreements, loan sales, contractual commitments, and various other business transactions or arrangements. The extent of FHN’s obligations under these agreements depends upon the occurrence of future events; therefore, it is not possible to estimate a maximum potential amount of payouts that could be required with such agreements.

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Note 11 – Pension, Savings, and Other Employee Benefits

Pension plan. FHN sponsors a noncontributory, qualified defined benefit pension plan to employees hired or re-hired on or before September 1, 2007. Pension benefits are based on years of service, average compensation near retirement or other termination, and estimated social security benefits at age 65. Benefits under the plan are “frozen” so that years of service and compensation changes after 2012 do not affect the benefit owed. The contributions are based upon actuarially determined amounts necessary to fund the total benefit obligation. FHN did not make any contributions to the qualified pension plan in 2014. Future decisions to contribute to the plan will be based upon pension funding requirements under the Pension Protection Act, the maximum amount deductible under the Internal Revenue Code, and the actual performance of plan assets. Management has assessed the need for future contributions, and does not currently anticipate that FHN will make a contribution to the qualified pension plan in 2015.

FHN also maintains non-qualified plans including a supplemental retirement plan that covers certain employees whose benefits under the qualified pension plan have been limited by tax rules. These other non-qualified plans are unfunded, and contributions to these plans cover all benefits paid under the non-qualified plans. Payments made under the non-qualified plans were $5.0 million for 2014. FHN anticipates making benefit payments under the non-qualified plans of $5.0 million in 2015.

Savings plan. FHN provides all qualifying full-time employees with the opportunity to participate in the FHN tax qualified 401(k) savings plan. The qualified plan allows employees to defer receipt of earned salary, up to tax law limits, on a tax-advantaged basis. Accounts, which are held in trust, may be invested in a wide range of mutual funds and in FHN common stock. Up to tax law limits, FHN provides a 100 percent match for the first 6 percent of salary deferred, with company match contributions invested according to a participant’s current investment elections. Through a non-qualified savings restoration plan, FHN provides a restorative benefit to certain highly-compensated employees who participate in the savings plan and whose contribution elections are capped by tax limitations.

Other employee benefits. FHN provides postretirement life insurance benefits to certain employees and also provides postretirement medical insurance benefits to retirement-eligible employees. The postretirement medical plan is contributory with FHN contributing a fixed amount for certain participants. FHN’s postretirement benefits include certain prescription drug benefits.

The components of net periodic benefit cost for the three months ended June 30 are as follows:

	Pension Benefits						Other Benefits
(Dollars in thousands)	2015			2014			2015			2014
Components of net periodic benefit cost
Service cost	$	10		$	17		$	38		$	55
Interest cost		9,020			8,660			360			458
Expected return on plan assets		(9,391	)		(10,018	)		(242	)		(255	)
Amortization of unrecognized:
Prior service cost/(credit)		83			87			(291	)		(291	)
Actuarial (gain)/loss		2,395			1,635			(244	)		(252	)
Net periodic benefit cost	$	2,117		$	381		$	(379	)	$	(285	)

The components of net periodic benefit cost for the six months ended June 30 are as follows:

	Pension Benefits						Other Benefits
(Dollars in thousands)	2015			2014			2015			2014
Components of net periodic benefit cost
Service cost	$	20		$	34		$	75		$	110
Interest cost		18,040			17,320			720			916
Expected return on plan assets		(18,783	)		(20,036	)		(483	)		(510	)
Amortization of unrecognized:
Prior service cost/(credit)		166			174			(582	)		(582	)
Actuarial (gain)/loss		4,791			3,270			(488	)		(378	)
Net periodic benefit cost	$	4,234		$	762		$	(758	)	$	(444	)

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Note 12 – Business Segment Information

FHN has four business segments: regional banking, fixed income (formerly capital markets), corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally. The fixed income segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees (in periods subsequent to first quarter 2014 these amounts are significantly lower), and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges.

Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on an internal allocation method. Because the allocations are based on internally developed assignments and allocations, they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the three and six months ended June 30:

	Three Months Ended June 30				Six Months Ended June 30
(Dollars in thousands)	2015		2014		2015			2014
Consolidated
Net interest income	$	166,640	$	156,768	$	323,506		$	309,127
Provision for loan losses		2,000		5,000		7,000			15,000
Noninterest income		130,301		126,901		259,990			272,631
Noninterest expense		218,394		163,162		594,615			381,206
Income/(loss) before income taxes		76,547		115,507		(18,119	)		185,552
Provision/(benefit) for income taxes		21,590		33,578		(671	)		53,644
Net income/(loss)	$	54,957	$	81,929	$	(17,448	)	$	131,908
Average assets	$	25,414,048	$	23,647,298	$	25,528,689		$	23,778,347

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014- 01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

42

Note 12 – Business Segment Information (Continued)

	Three Months Ended						Six Months Ended
	June 30						June 30
(Dollars in thousands)	2015			2014			2015			2014
Regional Banking
Net interest income	$	165,908		$	148,675		$	320,317		$	290,701
Provision/(provision credit) for loan losses		17,078			8,425			21,993			21,415
Noninterest income		65,989			66,227			126,193			126,219
Noninterest expense		144,203			132,996			279,983			265,539
Income/(loss) before income taxes		70,616			73,481			144,534			129,966
Provision/(benefit) for income taxes		24,996			26,070			51,377			46,153
Net income/(loss)	$	45,620		$	47,411		$	93,157		$	83,813
Average assets	$	15,023,869		$	13,053,129		$	14,628,188		$	12,835,470
Fixed Income
Net interest income	$	4,297		$	2,587		$	8,620		$	6,063
Noninterest income		56,001			47,564			117,566			104,323
Noninterest expense		51,214			116			105,897			52,714
Income/(loss) before income taxes		9,084			50,035			20,289			57,672
Provision/(benefit) for income taxes		3,171			19,143			7,338			21,986
Net income/(loss)	$	5,913		$	30,892		$	12,951		$	35,686
Average assets	$	2,416,132		$	2,074,593		$	2,431,118		$	2,056,581
Corporate
Net interest income/(expense)	$	(17,376	)	$	(11,968	)	$	(33,460	)	$	(21,891	)
Noninterest income		3,901			5,215			9,286			18,430
Noninterest expense		13,770			13,532			27,939			30,859
Income/(loss) before income taxes		(27,245	)		(20,285	)		(52,113	)		(34,320	)
Provision/(benefit) for income taxes		(15,882	)		(16,369	)		(27,522	)		(26,997	)
Net income/(loss)	$	(11,363	)	$	(3,916	)	$	(24,591	)	$	(7,323	)
Average assets	$	5,565,279		$	5,341,568		$	5,987,666		$	5,595,768
Non-Strategic
Net interest income	$	13,811		$	17,474		$	28,029		$	34,254
Provision/(provision credit) for loan losses		(15,078	)		(3,425	)		(14,993	)		(6,415	)
Noninterest income		4,410			7,895			6,945			23,659
Noninterest expense		9,207			16,518			180,796			32,094
Income/(loss) before income taxes		24,092			12,276			(130,829	)		32,234
Provision/(benefit) for income taxes		9,305			4,734			(31,864	)		12,502
Net income/(loss)	$	14,787		$	7,542		$	(98,965	)	$	19,732
Average assets	$	2,408,768		$	3,178,008		$	2,481,717		$	3,290,528

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

43

Note 13 – Variable Interest Entities

ASC 810 defines a VIE as an entity where the equity investors, as a group, lack either (1) the power through voting rights, or similar rights, to direct the activities of an entity that most significantly impact the entity’s economic performance, (2) the obligation to absorb the expected losses of the entity, (3) the right to receive the expected residual returns of the entity, or (4) sufficient equity at risk for the entity to finance its activities by itself. A variable interest is a contractual ownership, or other interest, that fluctuates with changes in the fair value of the VIE’s net assets exclusive of variable interests. Under ASC 810, as amended, a primary beneficiary is required to consolidate a VIE when it has a variable interest in a VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant.

Consolidated Variable Interest Entities

FHN holds variable interests in a proprietary residential mortgage securitization trust it established prior to 2008 as a source of liquidity for consumer lending operations. Based on its restrictive nature, the trust is considered a VIE as the holders of equity at risk do not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts’ economic performance. In situations where the retention of MSR and other retained interests, including residual interests, results in FHN potentially absorbing losses or receiving benefits that are significant to the trust, FHN is considered the primary beneficiary, as it is also assumed to have the power as servicer to most significantly impact the activities of the VIE. Consolidation of the trust results in the recognition of the trust proceeds as restricted borrowings since the cash flows on the securitized loans can only be used to settle the obligations due to the holders of the trust securities. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trust, the creditors of the trust hold no recourse to the assets of FHN.

The only trust included in the June 30, 2015 and June 30, 2014 balance of consolidated proprietary residential mortgage securitizations is a HELOC securitization trust that has entered a rapid amortization period and for which FHN is obligated to provide subordinated funding. During this period, cash payments from borrowers are accumulated to repay outstanding debt securities while FHN continues to make advances to borrowers when they draw on their lines of credit. FHN then transfers the newly generated receivables into the securitization trust and is reimbursed only after other parties in the securitization have received all of the cash flows to which they are entitled. If loan losses requiring draws on the related monoline insurers’ policies, which protect bondholders in the securitization, exceed a certain level, FHN may not receive reimbursement for all of the funds advanced to borrowers, as the senior bondholders and the monoline insurers typically have priority for repayment. This securitization trust is currently consolidated by FHN due to FHN’s status as the Master Servicer for the securitization and the retention of a significant residual interest. Because the trust is consolidated, amounts funded from monoline insurance policies are considered as additional restricted term borrowings in FHN’s Consolidated Condensed Statements of Condition.

FHN has established certain rabbi trusts related to deferred compensation plans offered to its employees. FHN contributes employee cash compensation deferrals to the trusts and directs the underlying investments made by the trusts. The assets of these trusts are available to FHN’s creditors only in the event that FHN becomes insolvent. These trusts are considered VIEs as there is no equity at risk in the trusts since FHN provided the equity interest to its employees in exchange for services rendered. FHN is considered the primary beneficiary of the rabbi trusts as it has the power to direct the activities that most significantly impact the economic performance of the rabbi trusts through its ability to direct the underlying investments made by the trusts. Additionally, FHN could potentially receive benefits or absorb losses that are significant to the trusts due to its right to receive any asset values in excess of liability payoffs and its obligation to fund any liabilities to employees that are in excess of a rabbi trust’s assets.

44

Note 13 – Variable Interest Entities (Continued)

The following table summarizes VIEs consolidated by FHN as of June 30, 2015 and 2014:

	June 30, 2015				June 30, 2014
	On-Balance Sheet Consumer Loan Securitization		Rabbi Trusts Used for Deferred Compensation Plans		On-Balance Sheet Consumer Loan Securitization		Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)	Carrying Value		Carrying Value		Carrying Value		Carrying Value
Assets:
Cash and due from banks	$	1,382		N/A	$	—		N/A
Loans, net of unearned income		66,444		N/A		84,381		N/A
Less: Allowance for loan losses		214		N/A		725		N/A
Total net loans		66,230		N/A		83,656		N/A
Other assets		184	$	69,077		410	$	66,360
Total assets	$	67,796	$	69,077	$	84,066	$	66,360
Liabilities:
Term borrowings	$	55,679		N/A	$	74,103		N/A
Other liabilities		3	$	51,861		4	$	50,816
Total liabilities	$	55,682	$	51,861	$	74,107	$	50,816

Nonconsolidated Variable Interest Entities

Low Income Housing Partnerships. First Tennessee Housing Corporation (“FTHC”), a wholly-owned subsidiary of FTBNA, makes equity investments as a limited partner in various partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (“LIHTC”) pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants generally within FHN’s primary geographic region. LIHTC partnerships are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the LIHTC partnerships as it has a risk of loss for its capital contributions and funding commitments to each partnership. The general partners are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the entities’ economic performance and the managing members are exposed to all losses beyond FTHC’s initial capital contributions and funding commitments.

LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not material for the three and six months ended June 30, 2015 and 2014. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Condensed Statements of Income for the three and six month periods ending June 30, 2015 and 2014 for LIHTC investments accounted for under the proportional amortization method.

	Three Months Ended						Six Months Ended
	June 30						June 30
(Dollars in thousands)	2015			2014			2015			2014
Provision/(benefit) for income taxes:
Amortization of qualifying LIHTC investments	$	2,180		$	2,470		$	4,360		$	4,940
Low income housing tax credits		(2,363	)		(2,463	)		(4,726	)		(4,925	)
Other tax benefits related to qualifying LIHTC investments		(755	)		(1,864	)		(1,599	)		(3,719	)

45

Note 13 – Variable Interest Entities (Continued)

Other Tax Credit Investments. First Tennessee New Markets Corporation (“FTNMC”), a wholly-owned subsidiary of FTBNA, makes equity investments through wholly-owned subsidiaries as a non-managing member in various limited liability companies (“LLCs”) that sponsor community development projects utilizing the New Market Tax Credit (“NMTC”) pursuant to Section 45 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the LLCs include providing investment capital for low-income communities within FHN’s primary geographic region. A portion of the funding of FTNMC’s investment in a NMTC LLC is obtained via a loan from an unrelated third-party that is typically a community development enterprise. The NMTC LLCs are considered VIEs as FTNMC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. While FTNMC could absorb losses that are significant to the NMTC LLCs as it has a risk of loss for its initial capital contributions, the managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the NMTC LLCs’ economic performance and the managing members are exposed to all losses beyond FTNMC’s initial capital contributions.

FTHC also makes equity investments as a limited partner or non-managing member in entities that receive Historic Tax Credits pursuant to Section 47 of the Internal Revenue Code. The purpose of these entities is the rehabilitation of historic buildings with the tax credits provided to incent private investment in the historic cores of cities and towns. These entities are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the entities as it has a risk of loss for its capital contributions and funding commitments to each partnership. The managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the entities’ economic performance and the managing members are exposed to all losses beyond FTHC’s initial capital contributions and funding commitments.

Small Issuer Trust Preferred Holdings. FTBNA holds variable interests in trusts which have issued mandatorily redeemable preferred capital securities (“trust preferreds”) for smaller banking and insurance enterprises. FTBNA has no voting rights for the trusts’ activities. The trusts’ only assets are junior subordinated debentures of the issuing enterprises. The creditors of the trusts hold no recourse to the assets of FTBNA. These trusts meet the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. Based on the nature of the trusts’ activities and the size of FTBNA’s holdings, FTBNA could potentially receive benefits or absorb losses that are significant to the trusts regardless of whether a majority of a trust’s securities are held by FTBNA. However, since FTBNA is solely a holder of the trusts’ securities, it has no rights which would give it the power to direct the activities that most significantly impact the trusts’ economic performance and thus it is not considered the primary beneficiary of the trusts. FTBNA has no contractual requirements to provide financial support to the trusts.

On-Balance Sheet Trust Preferred Securitization. In 2007, FTBNA executed a securitization of certain small issuer trust preferreds for which the underlying trust meets the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FTBNA could potentially receive benefits or absorb losses that are significant to the trust based on the size and priority of the interests it retained in the securities issued by the trust. However, since FTBNA did not retain servicing or other decision making rights, FTBNA is not the primary beneficiary as it does not have the power to direct the activities that most significantly impact the trust’s economic performance. Accordingly, FTBNA has accounted for the funds received through the securitization as a term borrowing in its Consolidated Condensed Statements of Condition. FTBNA has no contractual requirements to provide financial support to the trust.

Proprietary Trust Preferred Issuances. FHN has previously issued junior subordinated debt to First Tennessee Capital II (“Capital II”). Capital II is considered a VIE as FHN’s capital contributions to this trust are not considered “at risk” in evaluating whether the holders of the equity investments at risk in the trust have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FHN is not the trust’s primary beneficiary as FHN’s capital contributions to the trust are not considered variable interests as they are not “at risk”. Consequently, Capital II is not consolidated by FHN. In late July, 2015 FHN called its junior subordinated debt with a redemption date of August 21, 2015, and as a result Capital II called its 6.30 percent Capital Securities, Series B, for redemption.

46

Note 13 – Variable Interest Entities (Continued)

Proprietary Residential Mortgage Securitizations. FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Additionally, FHN has no contractual requirements to provide financial support to the trusts. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. While FHN is assumed to have the power as servicer to most significantly impact the activities of such VIEs, in situations where FHN does not have the ability to participate in significant portions of a securitization trust’s cash flows FHN is not considered the primary beneficiary of the trust. Therefore, these trusts are not consolidated by FHN.

Agency Residential Mortgage Securitizations. Prior to third quarter 2008, FHN transferred first lien mortgages that were included in Agency-sponsored securitizations and retained MSR and in certain situations various other interests. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts held no recourse to the assets of FHN. Additionally, FHN had no contractual requirements to provide financial support to the trusts. The Agencies’ or designated third parties’ status as Master Servicer and the rights they hold consistent with their guarantees on the securities issued provide them with the power to direct the activities that most significantly impact the trusts’ economic performance. Thus, such trusts were not consolidated by FHN as it was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to the trusts.

Holdings & Short Positions in Agency Mortgage-Backed Securities. FHN holds securities issued by various Agency securitization trusts. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entities’ economic performance. FHN could potentially receive benefits or absorb losses that are significant to the trusts based on the nature of the trusts’ activities and the size of FHN’s holdings. However, FHN is solely a holder of the trusts’ securities and does not have the power to direct the activities that most significantly impact the trusts’ economic performance, and is not considered the primary beneficiary of the trusts. FHN has no contractual requirements to provide financial support to the trusts.

Commercial Loan Troubled Debt Restructurings. For certain troubled commercial loans, FTBNA restructures the terms of the borrower’s debt in an effort to increase the probability of receipt of amounts contractually due. Following a troubled debt restructuring, the borrower entity typically meets the definition of a VIE as the initial determination of whether an entity is a VIE must be reconsidered as events have proven that the entity’s equity is not sufficient to permit it to finance its activities without additional subordinated financial support or a restructuring of the terms of its financing. As FTBNA does not have the power to direct the activities that most significantly impact such troubled commercial borrowers’ operations, it is not considered the primary beneficiary even in situations where, based on the size of the financing provided, FTBNA is exposed to potentially significant benefits and losses of the borrowing entity. FTBNA has no contractual requirements to provide financial support to the borrowing entities beyond certain funding commitments established upon restructuring of the terms of the debt that allows for preparation of the underlying collateral for sale.

Managed Discretionary Trusts. FHN serves as manager over certain discretionary trusts for which it makes investment decisions on behalf of the trusts’ beneficiaries in return for a reasonable management fee. The trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power, through voting rights or similar rights, to direct the activities that most significantly impact the entities’ economic performance. The management fees FHN receives are not considered variable interests in the trusts as all of the requirements related to permitted levels of decision maker fees are met. Therefore, the VIEs are not consolidated by FHN as it is not the trusts’ primary beneficiary. FHN has no contractual requirements to provide financial support to the trusts.

47

Note 13 – Variable Interest Entities (Continued)

The following table summarizes FHN’s nonconsolidated VIEs as of June 30, 2015:

(Dollars in thousands)	Maximum Loss Exposure		Liability Recognized		Classification
Type
Low income housing partnerships	$	68,405	$	11,976	(a)
Other Tax Credit Investments (b) (c)		21,690		—	Other assets
Small issuer trust preferred holdings (d)		344,321		—	Loans, net of unearned income
On-balance sheet trust preferred securitization		50,506		63,686	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		24,664		—	(g)
Holdings of agency mortgage-backed securities (d)		3,929,684		—	(h)
Short positions in agency mortgage-backed securities (f)		N/A		1,486	Trading liabilities
Commercial loan troubled debt restructurings (i) (j)		36,047		—	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

(a) Maximum loss exposure represents $56.4 million of current investments and $12.0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.

(b) A liability is not recognized as investments are written down over the life of the related tax credit.

(c) Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.

(d) Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.

(e) Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $63.7 million classified as Term borrowings.

(f) No exposure to loss due to the nature of FHN’s involvement.

(g) Includes $.6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $4.9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $19.1 million are classified as Other assets.

(h) Includes $473.8 million classified as Trading securities and $3.5 billion classified as Securities available-for-sale.

(i) Maximum loss exposure represents $30.9 million of current receivables and $5.1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

(j) A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

The following table summarizes FHN’s nonconsolidated VIEs as of June 30, 2014:

(Dollars in thousands)	Maximum Loss Exposure		Liability Recognized		Classification
Type
Low income housing partnerships	$	60,134	$	6,471	(a)
Other Tax Credit Investments (b) (c)		22,359		—	Other assets
Small issuer trust preferred holdings (d)		364,942		—	Loans, net of unearned income
On-balance sheet trust preferred securitization		52,682		61,491	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		35,118		—	(g)
Holdings of agency mortgage-backed securities (d)		3,703,941		—	(h)
Short positions in agency mortgage-backed securities (f)		N/A		1,092	Trading liabilities
Commercial loan troubled debt restructurings (i) (j)		57,157		—	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

(a) Maximum loss exposure represents $53.7 million of current investments and $6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.

(b) A liability is not recognized as investments are written down over the life of the related tax credit.

(c) Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.

(d) Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.

(e) Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $61.5 million classified as Term borrowings.

48

Note 13 – Variable Interest Entities (Continued)

(f) No exposure to loss due to the nature of FHN’s involvement.

(g) Includes $1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $6.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations. Aggregate servicing advances of $27.6 million are classified as Other assets.

(h) Includes $371.7 million classified as Trading securities and $3.3 billion classified as Securities available-for-sale.

(i) Maximum loss exposure represents $54.0 million of current receivables and $3.1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

(j) A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

49

Note 14 – Derivatives

In the normal course of business, FHN utilizes various financial instruments (including derivative contracts and credit-related agreements) through its fixed income and risk management operations, as part of its risk management strategy and as a means to meet customers’ needs. Derivative instruments are subject to credit and market risks in excess of the amount recorded on the balance sheet as required by GAAP. The contractual or notional amounts of these financial instruments do not necessarily represent credit or market risk. However, they can be used to measure the extent of involvement in various types of financial instruments. Controls and monitoring procedures for these instruments have been established and are routinely reevaluated. The Asset/Liability Committee (“ALCO”) controls, coordinates, and monitors the usage and effectiveness of these financial instruments.

Credit risk represents the potential loss that may occur if a party to a transaction fails to perform according to the terms of the contract. The measure of credit exposure is the replacement cost of contracts with a positive fair value. FHN manages credit risk by entering into financial instrument transactions through national exchanges, primary dealers or approved counterparties, and by using mutual margining and master netting agreements whenever possible to limit potential exposure. FHN also maintains collateral posting requirements with certain counterparties to limit credit risk. On June 30, 2015 and 2014, respectively, FHN had $80.6 million and $101.6 million of cash receivables and $41.1 million and $71.3 million of cash payables related to collateral posting under master netting arrangements, inclusive of collateral posted related to contracts with adjustable collateral posting thresholds and over collateralized positions, with derivative counterparties. With exchange-traded contracts, the credit risk is limited to the clearinghouse used. For non-exchange traded instruments, credit risk may occur when there is a gain in the fair value of the financial instrument and the counterparty fails to perform according to the terms of the contract and/or when the collateral proves to be of insufficient value. See additional discussion regarding master netting agreements and collateral posting requirements later in this note under the heading “Master Netting and Similar Agreements.” Market risk represents the potential loss due to the decrease in the value of a financial instrument caused primarily by changes in interest rates or the prices of debt instruments. FHN manages market risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. FHN continually measures this risk through the use of models that measure value-at-risk and earnings-at-risk.

Derivative Instruments. FHN enters into various derivative contracts both in a dealer capacity, to facilitate customer transactions, and as a risk management tool. Where contracts have been created for customers, FHN enters into transactions with dealers to offset its risk exposure. Contracts with dealers that require central clearing are novated to a clearing agent who becomes FHN’s counterparty. Derivatives are also used as a risk management tool to hedge FHN’s exposure to changes in interest rates or other defined market risks.

Forward contracts are over-the-counter contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Futures contracts are exchange-traded contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Interest rate option contracts give the purchaser the right, but not the obligation, to buy or sell a specified quantity of a financial instrument, at a specified price, during a specified period of time. Caps and floors are options that are linked to a notional principal amount and an underlying indexed interest rate. Interest rate swaps involve the exchange of interest payments at specified intervals between two parties without the exchange of any underlying principal. Swaptions are options on interest rate swaps that give the purchaser the right, but not the obligation, to enter into an interest rate swap agreement during a specified period of time.

Fixed Income

FHN’s fixed income segment trades U.S. Treasury, U.S. Agency, mortgage-backed, corporate and municipal fixed income securities, and other securities for distribution to customers. When these securities settle on a delayed basis, they are considered forward contracts. Fixed income also enters into interest rate contracts, including caps, swaps, and floors, for its customers. In addition, fixed income enters into futures and option contracts to economically hedge interest rate risk associated with a portion of its securities inventory. These transactions are measured at fair value, with changes in fair value recognized currently in fixed income noninterest income. Related assets and liabilities are recorded on the Consolidated Condensed Statements of Condition as Derivative assets and Derivative liabilities. The FTN Financial Risk Committee and the Credit Risk Management Committee collaborate to mitigate credit risk related to these transactions. Credit risk is controlled through credit approvals, risk control limits, and ongoing monitoring procedures. Total trading revenues were $100.2 million and $90.1 million for the six months ended June 30, 2015 and 2014, respectively, and $46.7 million and $40.5 million for the three months ended June 30, 2015 and 2014, respectively. Total revenues are inclusive of both derivative and non-derivative financial instruments, and are included in fixed income noninterest income.

50

Note 14 – Derivatives (Continued)

The following tables summarize FHN’s derivatives associated with fixed income trading activities as of June 30, 2015 and 2014:

	June 30, 2015
(Dollars in thousands)	Notional		Assets		Liabilities
Customer Interest Rate Contracts	$	1,640,844	$	66,078	$	3,285
Offsetting Upstream Interest Rate Contracts		1,640,844		3,285		66,078
Option Contracts Purchased		15,000		55		—
Forwards and Futures Purchased		2,297,489		2,773		2,174
Forwards and Futures Sold		2,531,248		2,526		2,614
	June 30, 2014
(Dollars in thousands)	Notional		Assets		Liabilities
Customer Interest Rate Contracts	$	1,760,032	$	80,710	$	4,948
Offsetting Upstream Interest Rate Contracts		1,760,032		4,948		80,710
Option Contracts Purchased		17,500		29		—
Option Contracts Written		5,000		—		4
Forwards and Futures Purchased		2,378,633		4,571		330
Forwards and Futures Sold		2,487,732		548		4,980

Interest Rate Risk Management

FHN’s ALCO focuses on managing market risk by controlling and limiting earnings volatility attributable to changes in interest rates. Interest rate risk exists to the extent that interest-earning assets and interest-bearing liabilities have different maturity or repricing characteristics. FHN uses derivatives, including swaps, caps, options, and collars, that are designed to moderate the impact on earnings as interest rates change. Interest paid or received for swaps utilized by FHN to hedge the fair value of long term debt is recognized as an adjustment of the interest expense of the liabilities whose risk is being managed. FHN’s interest rate risk management policy is to use derivatives to hedge interest rate risk or market value of assets or liabilities, not to speculate. In addition, FHN has entered into certain interest rate swaps and caps as a part of a product offering to commercial customers that includes customer derivatives paired with upstream offsetting market instruments that, when completed, are designed to mitigate interest rate risk. These contracts do not qualify for hedge accounting and are measured at fair value with gains or losses included in current earnings in Noninterest expense on the Consolidated Condensed Statements of Income.

FHN has entered into pay floating, receive fixed interest rate swaps to hedge the interest rate risk of certain term borrowings totaling $250.0 million and $554.0 million on June 30, 2015 and 2014, respectively. These swaps have been accounted for as fair value hedges under the shortcut method. The balance sheet amount of these swaps was $9.1 million and $28.1 million in Derivative assets on June 30, 2015 and 2014, respectively. $304.0 million of these borrowings matured in January 2015.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on its $500 million noncallable senior debt maturing in December 2015. This derivative qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk on this debt. The balance sheet amount of this swap was $4.5 million and $14.0 million in Derivative assets as of June 30, 2015 and 2014, respectively. There was no ineffectiveness related to this hedge.

FHN designates derivative transactions in hedging strategies to manage interest rate risk on subordinated debt related to its trust preferred securities. These qualify for hedge accounting under ASC 815-20 using the long-haul method. FHN hedges the interest rate risk of the subordinated debt totaling $200 million using a pay floating, receive fixed interest rate swap. The balance sheet amount of this swap was $5.1 million and $12.1 million in Derivative liabilities as of June 30, 2015 and 2014, respectively. There was no ineffectiveness related to this hedge.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on $400.0 million of senior debt issued by FTBNA which matures in December 2019. This qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk of the senior debt in November 2014. The balance sheet impact of this swap was $2.3 million in Derivative assets as of June 30, 2015. There was an insignificant level of ineffectiveness related to this hedge.

51

Note 14 – Derivatives (Continued)

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the three and six months ended June 30, 2015 and 2014:

								Gains/(Losses)
(Dollars in thousands)	Notional		Assets		Liabilities			Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer Interest Rate Contracts (a)	$	744,167	$	24,148	$	409		$	(6,158	)	$	(1,915	)
Offsetting Upstream Interest Rate Contracts (a)		744,167		409		24,648			6,158			1,915
Debt Hedging
Hedging Instruments:
Interest Rate Swaps (b)	$	1,350,000	$	15,954	$	5,131		$	(10,810	)	$	(9,840	)
Hedged Items:
Term Borrowings (b)		N/A		N/A	$	1,350,000	(c)	$	10,735	(d)	$	9,812	(d)
								Gains/(Losses)
(Dollars in thousands)	Notional		Assets		Liabilities			Three Months Ended June 30, 2014			Six Months Ended June 30, 2014
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer Interest Rate Contracts (a)	$	759,266	$	28,143	$	997		$	2,714		$	2,069
Offsetting Upstream Interest Rate Contracts (a)		775,204		997		28,643			(2,714	)		(2,069	)
Debt Hedging
Hedging Instruments:
Interest Rate Swaps (b)	$	1,254,000	$	42,121	$	12,095		$	(3,628	)	$	(3,239	)
Hedged Items:
Term Borrowings (b)		N/A		N/A	$	1,254,000	(c)	$	3,628	(d)	$	3,239	(d)

(a) Gains/losses included in the All 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.

FHN hedges held-to-maturity trust preferred loans which have an initial fixed rate term before conversion to a floating rate. FHN has entered into pay fixed, receive floating interest rate swaps to hedge the interest rate risk associated with this initial term. Interest paid or received for these swaps is recognized as an adjustment of the interest income of the assets whose risk is being hedged. Basis adjustments remaining at the end of the hedge term are being amortized as an adjustment to interest income over the remaining life of the loans. Gains or losses are included in Other income and commissions on the Consolidated Condensed Statements of Income.

52

Note 14 – Derivatives (Continued)

The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the three and six months ended June 30, 2015 and 2014:

								Gains/(Losses)
(Dollars in thousands)	Notional		Assets			Liabilities		Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
Loan Portfolio Hedging
Hedging Instruments:
Interest Rate Swaps	$	6,500		N/A		$	640	$	63		$	104
Hedged Items:
Trust Preferred Loans (a)		N/A	$	6,500	(b)		N/A	$	(62	) (c)	$	(103	) (c)
								Gains/(Losses)
(Dollars in thousands)	Notional		Assets			Liabilities		Three Months Ended June 30, 2014			Six Months Ended June 30, 2014
Loan Portfolio Hedging
Hedging Instruments:
Interest Rate Swaps	$	6,500		N/A		$	900	$	42		$	105
Hedged Items:
Trust Preferred Loans (a)		N/A	$	6,500	(b)		N/A	$	(41	) (c)	$	(104	) (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.

Other Derivatives

In conjunction with the sales of a portion of its Visa Class B shares, FHN and the purchaser entered into derivative transactions whereby FHN will make or receive cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. As of June 30, 2015, the derivative liabilities associated with the sales of Visa Class B shares were $4.8 million compared to $4.7 million as of June 30, 2014. See the Visa Matters section of Note 10 – Contingencies and Other Disclosures for more information regarding FHN’s Visa shares.

FHN utilizes cross currency swaps and cross currency interest rate swaps to economically hedge its exposure to foreign currency risk and interest rate risk associated with non-U.S. dollar denominated loans. As of June 30, 2015 and 2014, these loans were valued at $3.5 million and $.8 million, respectively. The balance sheet amount and the gains/losses associated with these derivatives were not significant.

Master Netting and Similar Agreements

As previously discussed, FHN uses master netting agreements, mutual margining agreements and collateral posting requirements to minimize credit risk on derivative contracts. Master netting and similar agreements are used when counterparties have multiple derivatives contracts that allow for a “right of setoff,” meaning that a counterparty may net offsetting positions and collateral with the same counterparty under the contract to determine a net receivable or payable. The following discussion provides an overview of these arrangements which may vary due to the derivative type and market in which a derivative transaction is executed.

Interest rate derivatives are subject to agreements consistent with standard agreement forms of the International Swap and Derivatives Association (“ISDA”). Currently, all interest rate derivative contracts are entered into as over-the-counter transactions and collateral posting requirements are based on the net asset or liability position with each respective counterparty. For contracts that require central clearing, novation to a counterparty with access to a clearinghouse occurs and collateral is posted. Cash collateral received (posted) for interest rate derivatives is recognized as a liability (asset) on FHN’s balance sheet.

Interest rate derivatives with customers that are smaller financial institutions typically require posting of collateral by the counterparty to FHN. This collateral is subject to a threshold with daily adjustments based upon changes in the level or fair value of the derivative position. Positions and related collateral can be netted in the event of default. Collateral pledged by a counterparty is typically cash or securities. The securities pledged as collateral are not recognized within FHN’s Consolidated Condensed Statements of Condition. Interest rate derivatives associated with lending arrangements share the collateral with the related loan(s). The derivative and loan positions may be netted in the event of default. For disclosure purposes, the entire collateral amount is allocated to the loan.

53

Note 14 – Derivatives (Continued)

Interest rate derivatives with larger financial institutions entered into prior to required central clearing typically contain provisions whereby the collateral posting thresholds under the agreements adjust based on the credit ratings of both counterparties. If the credit rating of FHN and/or FTBNA is lowered, FHN could be required to post additional collateral with the counterparties. Conversely, if the credit rating of FHN and/or FTBNA is increased, FHN could have collateral released and be required to post less collateral in the future. Also, if a counterparty’s credit ratings were to decrease, FHN and/or FTBNA could require the posting of additional collateral; whereas if a counterparty’s credit ratings were to increase, the counterparty could require the release of excess collateral. Collateral for these arrangements is adjusted daily based on changes in the net fair value position with each counterparty.

The net fair value, determined by individual counterparty, of all derivative instruments with adjustable collateral posting thresholds was $72.5 million of assets and $71.6 million of liabilities on June 30, 2015, and $116.8 million of assets and $91.6 million of liabilities on June 30, 2014. As of June 30, 2015 and 2014, FHN had received collateral of $144.2 million and $190.6 million and posted collateral of $71.9 million and $92.3 million, respectively, in the normal course of business related to these agreements.

Certain agreements entered into prior to required central clearing also contain accelerated termination provisions, inclusive of the right of offset, if a counterparty’s credit rating falls below a specified level. If a counterparty’s debt rating (including FHN’s and FTBNA’s) were to fall below these minimums, these provisions would be triggered, and the counterparties could terminate the agreements and require immediate settlement of all derivative contracts under the agreements. The net fair value, determined by individual counterparty, of all derivative instruments with credit-risk-related contingent accelerated termination provisions was $72.5 million of assets and $17.0 million of liabilities on June 30, 2015, and $116.8 million of assets and $23.2 million of liabilities on June 30, 2014. As of June 30, 2015 and 2014, FHN had received collateral of $144.2 million and $190.6 million and posted collateral of $23.3 million and $28.8 million, respectively, in the normal course of business related to these contracts.

Fixed income buys and sells various types of securities for its customers. When these securities settle on a delayed basis, they are considered forward contracts, and are generally not subject to master netting agreements. For futures and options, FHN transacts through a third party, and the transactions are subject to margin and collateral maintenance requirements. In the event of default, open positions can be offset along with the associated collateral.

For this disclosure, FHN considers the impact of master netting and other similar agreements which allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net derivative asset or liability position with the related securities and cash collateral. The application of the collateral cannot reduce the net derivative asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of June 30:

							Gross amounts not offset in the Statement of Condition
(Dollars in thousands)	Gross amounts of recognized assets		Gross amounts offset in the Statement of Condition		Net amounts of assets presented in the Statement of Condition (a)		Derivative liabilities available for offset			Collateral Received			Net amount
Derivative assets:
2015 (b)	$	109,874	$	—	$	109,874	$	(15,750	)	$	(93,656	)	$	468
2014 (b)		156,919		—		156,919		(26,475	)		(129,064	)		1,380

(a) Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $5.4 million and $5.1 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.

(b) 2015 and 2014 are comprised entirely of interest rate derivative contracts.

54

Note 14 – Derivatives (Continued)

The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of June 30:

							Gross amounts not offset in the Statement of Condition
(Dollars in thousands)	Gross amounts of recognized liabilities		Gross amounts offset in the Statement of Condition		Net amounts of liabilities presented in the Statement of Condition (a)		Derivative assets available for offset			Collateral pledged			Net amount
Derivative liabilities:
2015 (b)	$	100,191	$	—	$	100,191	$	(15,750	)	$	(68,775	)	$	15,666
2014 (b)		128,293		—		128,293		(26,475	)		(88,935	)		12,883

(a) Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $9.6 million and $10.0 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.

(b) 2015 and 2014 are comprised entirely of interest rate derivative contracts.

55

Note 15 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions

For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default. Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN’s fixed income business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN’s repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement. For asset positions, the collateral is not included on FHN’s Consolidated Condensed Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN’s trading or available-for-sale securities portfolios.

For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of June 30:

							Gross amounts not offset in the Statement of Condition
(Dollars in thousands)	Gross amounts of recognized assets		Gross amounts offset in the Statement of Condition		Net amounts of assets presented in the Statement of Condition		Offsetting securities sold under agreements to repurchase			Securities collateral (not recognized on FHN’s Statement of Condition)			Net amount
Securities purchased under agreements to resell:
2015	$	816,991	$	—	$	816,991	$	(3,605	)	$	(805,178	)	$	8,208
2014		624,477		—		624,477		(61,094	)		(555,665	)		7,718

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of June 30:

							Gross amounts not offset in the Statement of Condition
(Dollars in thousands)	Gross amounts of recognized liabilities		Gross amounts offset in the Statement of Condition		Net amounts of liabilities presented in the Statement of Condition		Offsetting securities purchased under agreements to resell			Securities Collateral			Net amount
Securities sold under agreements to repurchase:
2015	$	311,760	$	—	$	311,760	$	(3,605	)	$	(308,088	)	$	67
2014		475,530		—		475,530		(61,094	)		(414,373	)		63

Due to the short duration of Securities sold under agreements to repurchase and the nature of collateral involved, the risks associated with these transactions are considered minimal. The following table provides a detail, by collateral type, of the remaining contractual maturity of Securities sold under agreements to repurchase as of June 30:

	June 30, 2015
(Dollars in thousands)	Overnight and Continuous		Up to 30 Days		Total
Securities sold under agreements to repurchase:
U.S. treasuries	$	15,175	$	—	$	15,175
Government agency issued MBS		93,697		—		93,697
Government agency issued CMO		190,438		12,450		202,888
Total Securities sold under agreements to repurchase	$	299,310	$	12,450	$	311,760

56

Note 16 – Fair Value of Assets & Liabilities

FHN groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. This hierarchy requires FHN to maximize the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. Each fair value measurement is placed into the proper level based on the lowest level of significant input. These levels are:

• Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets.

• Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.

• Level 3 - Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models, and similar techniques.

Transfers between fair value levels are recognized at the end of the fiscal quarter in which the associated change in inputs occurs.

57

Note 16 – Fair Value of Assets & Liabilities (Continued)

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, 2015:

	June 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
U.S. treasuries	$	—	$	109,998	$	—	$	109,998
Government agency issued MBS		—		327,082		—		327,082
Government agency issued CMO		—		146,675		—		146,675
Other U.S. government agencies		—		83,416		—		83,416
States and municipalities		—		64,597		—		64,597
Corporate and other debt		—		393,191		5		393,196
Equity, mutual funds, and other		—		3,602		—		3,602
Total trading securities - fixed income		—		1,128,561		5		1,128,566
Trading securities - mortgage banking:
Principal only		—		—		3,740		3,740
Interest only		—		—		78		78
Subordinated bonds		—		—		1,106		1,106
Total trading securities - mortgage banking		—		—		4,924		4,924
Loans held-for-sale		—		—		26,525		26,525
Securities available-for-sale:
U.S. treasuries		—		100		—		100
Government agency issued MBS		—		830,640		—		830,640
Government agency issued CMO		—		2,625,286		—		2,625,286
Other U.S. government agencies		—		—		1,560		1,560
States and municipalities		—		7,955		1,500		9,455
Equity, mutual funds, and other		25,825		—		—		25,825
Total securities available-for-sale		25,825		3,463,981		3,060		3,492,866
Other assets:
Mortgage servicing rights		—		—		2,158		2,158
Deferred compensation assets		27,341		—		—		27,341
Derivatives, forwards and futures		5,299		—		—		5,299
Derivatives, interest rate contracts		—		109,929		—		109,929
Derivatives, other		—		2		—		2
Total other assets		32,640		109,931		2,158		144,729
Total assets	$	58,465	$	4,702,473	$	36,672	$	4,797,610
Trading liabilities - fixed income:
U.S. treasuries	$	—	$	406,879	$	—	$	406,879
Government agency issued MBS		—		1,486		—		1,486
Other U.S. government agencies		—		25,036		—		25,036
Corporate and other debt		—		299,163		—		299,163
Total trading liabilities - fixed income		—		732,564		—		732,564
Other liabilities:
Derivatives, forwards and futures		4,788		—		—		4,788
Derivatives, interest rate contracts		—		100,191		—		100,191
Derivatives, other		—		26		4,810		4,836
Total other liabilities		4,788		100,217		4,810		109,815
Total liabilities	$	4,788	$	832,781	$	4,810	$	842,379

58

Note 16 – Fair Value of Assets & Liabilities (Continued)

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:

	June 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
U.S. treasuries	$	—	$	235,389	$	—	$	235,389
Government agency issued MBS		—		195,911		—		195,911
Government agency issued CMO		—		175,799		—		175,799
Other U.S. government agencies		—		71,228		—		71,228
States and municipalities		—		41,144		—		41,144
Corporate and other debt		—		402,348		5		402,353
Equity, mutual funds, and other		—		22,040		—		22,040
Total trading securities - fixed income		—		1,143,859		5		1,143,864
Trading securities - mortgage banking:
Principal only		—		—		4,707		4,707
Interest only		—		—		322		322
Subordinated bonds		—		—		1,387		1,387
Total trading securities - mortgage banking		—		—		6,416		6,416
Loans held-for-sale		—		—		232,487		232,487
Securities available-for-sale:
U.S. treasuries		—		39,999		—		39,999
Government agency issued MBS		—		762,842		—		762,842
Government agency issued CMO		—		2,569,388		—		2,569,388
Other U.S. government agencies		—		—		2,061		2,061
States and municipalities		—		13,655		1,500		15,155
Venture capital		—		—		2,300		2,300
Equity, mutual funds, and other		25,995		—		—		25,995
Total securities available-for-sale		25,995		3,385,884		5,861		3,417,740
Other assets:
Mortgage servicing rights		—		—		3,197		3,197
Deferred compensation assets		24,860		—		—		24,860
Derivatives, forwards and futures		5,119		—		—		5,119
Derivatives, interest rate contracts		—		156,948		—		156,948
Total other assets		29,979		156,948		3,197		190,124
Total assets	$	55,974	$	4,686,691	$	247,966	$	4,990,631
Trading liabilities - fixed income:
U.S. treasuries	$	—	$	479,210	$	—	$	479,210
Government agency issued MBS		—		1,092		—		1,092
Other U.S. government agencies		—		11,167		—		11,167
States and municipalities		—		3,216		—		3,216
Corporate and other debt		—		211,434		—		211,434
Total trading liabilities - fixed income		—		706,119		—		706,119
Other liabilities:
Derivatives, forwards and futures		5,310		—		—		5,310
Derivatives, interest rate contracts		—		128,297		—		128,297
Derivatives, other		—		4		4,725		4,729
Total other liabilities		5,310		128,301		4,725		138,336
Total liabilities	$	5,310	$	834,420	$	4,725	$	844,455

59

Note 16 – Fair Value of Assets & Liabilities (Continued)

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, 2015 and 2014, on a recurring basis are summarized as follows:

	Three Months Ended June 30, 2015
(Dollars in thousands)	Trading securities			Loans held- for-sale			Securities available- for-sale			Mortgage servicing rights, net			Net derivative liabilities
Balance on April 1, 2015	$	5,326		$	26,700		$	3,191		$	2,342		$	(5,005	)
Total net gains/(losses) included in:
Net income		69			248			—			—			(107	)
Other comprehensive income /(loss)		—			—			(14	)		—			—
Purchases		—			324			—			—			—
Issuances		—			—			—			—			—
Sales		—			—			—			—			—
Settlements		(466	)		(329	)		(117	)		(184	)		302
Net transfers into/(out of) Level 3		—			(418	) (b)		—			—			—
Balance on June 30, 2015	$	4,929		$	26,525		$	3,060		$	2,158		$	(4,810	)
Net unrealized gains/(losses) included in net income	$	69	(a)	$	248	(a)	$	—		$	—		$	(107	) (d)

	Three Months Ended June 30, 2014
							AFS Securities						Mortgage
(Dollars in thousands)	Trading securities			Loans held- for-sale			Investment portfolio			Venture Capital			servicing rights, net			Net derivative liabilities
Balance on April 1, 2014	$	6,593		$	229,219		$	3,682		$	4,300		$	4,687		$	(4,945	)
Total net gains/(losses) included in:
Net income		43			8,214			—			(2,000	)		113			(101	)
Other comprehensive income /(loss)		—			—			(15	)		—			—			—
Purchases		—			476			—			—			—			—
Issuances		—			—			—			—			—			—
Sales		—			—			—			—			(1,400	)		—
Settlements		(215	)		(4,607	)		(106	)		—			(203	)		321
Net transfers into/(out of) Level 3		—			(815	) (b)		—			—			—			—
Balance on June 30, 2014	$	6,421		$	232,487		$	3,561		$	2,300		$	3,197		$	(4,725	)
Net unrealized gains/(losses) included in net income	$	(74	) (a)	$	8,214	(a)	$	—		$	(2,000	) (c)	$	77	(a)	$	(101	) (d)

(a) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.

(b) 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).

(c) 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.

(d) Included in Other expense.

60

Note 16 – Fair Value of Assets & Liabilities (Continued)

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, 2015 and 2014, on a recurring basis are summarized as follows:

	Six Months Ended June 30, 2015
(Dollars in thousands)	Trading securities			Loans held- for-sale			Securities available- for-sale			Mortgage servicing rights, net			Net derivative liabilities
Balance on January 1, 2015	$	5,643		$	27,910		$	3,307		$	2,517		$	(5,240	)
Total net gains/(losses) included in:
Net income		239			1,390			—			—			(164	)
Other comprehensive income / (loss)		—			—			(28	)		—			—
Purchases		—			1,178			—			—			—
Issuances		—			—			—			—			—
Sales		—			—			—			—			—
Settlements		(953	)		(2,819	)		(219	)		(359	)		594
Net transfers into/(out of) Level 3		—			(1,134	) (b)		—			—			—
Balance on June 30, 2015	$	4,929		$	26,525		$	3,060		$	2,158		$	(4,810	)
Net unrealized gains/(losses) included in net income	$	239	(a)	$	1,390	(a)	$	—		$	—		$	(164	) (d)

	Six Months Ended June 30, 2014
							Securities available-for-sale						Mortgage
(Dollars in thousands)	Trading securities			Loans held- for-sale			Investment portfolio			Venture Capital			servicing rights, net			Net derivative liabilities
Balance on January 1, 2014	$	7,200		$	230,456		$	3,826		$	4,300		$	72,793		$	(2,915	)
Total net gains/(losses) included in:
Net income		(42	)		9,401			—			(2,000	)		1,246			(2,442	)
Other comprehensive income /(loss)		—			—			(32	)		—			—			—
Purchases		1,559			4,582			—			—			—			—
Issuances		—			—			—			—			—			—
Sales		(1,715	)		—			—			—			(69,919	)		—
Settlements		(581	)		(8,800	)		(233	)		—			(923	)		632
Net transfers into/(out of) Level 3		—			(3,152	) (b)		—			—			—			—
Balance on June 30, 2014	$	6,421		$	232,487		$	3,561		$	2,300		$	3,197		$	(4,725	)
Net unrealized gains/(losses) included in net income	$	34	(a)	$	9,401	(a)	$	—		$	(2,000	) (c)	$	150	(a)	$	(2,442	) (d)

(a) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.

(b) 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).

(c) 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.

(d) Included in Other expense.

In third quarter 2014, FHN completed sales of first lien mortgage loans from its loans held-for-sale portfolio. The sale populations primarily represented loans that had been originated with the intent to sell to FNMA or FHLMC and consisted of repurchased loans as well as loans that remained after FHN’s exit of mortgage origination activities in 2008. Smaller amounts of jumbo loans were also included in the sale, along with some loans insured under government programs. Almost all of these loans had been accounted for at elected fair value (a recurring measurement) with a small amount having been accounted for as LOCOM loans (a nonrecurring measurement). The contracted sale values for the loans reflected a substantial improvement in pricing for pre-2009 vintage first lien mortgages in comparison to FHN’s historical methodologies used to estimate fair value, which incorporate significant Level 3 inputs within a discounted cash flow model. Accordingly, the loans being sold were marked to the revised estimate of fair value during the quarter and the pricing evidence from the sale transactions was considered a Level 2 input within the valuation process for the remaining non-governmental guaranteed portion of first lien mortgage loans held-for-sale.

61

Note 16 – Fair Value of Assets & Liabilities (Continued)

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at June 30, 2015 and 2014, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

	Carrying value at June 30, 2015								Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)			Net gains/(losses)
Loans held-for-sale - first mortgages	$	—	$	—	$	849	$	849	$	—		$	38
Loans, net of unearned income (a)		—		—		38,913		38,913		(641	)		(2,182	)
Real estate acquired by foreclosure (b)		—		—		29,109		29,109		(1,284	)		(1,660	)
Other assets (c)		—		—		28,265		28,265		(549	)		(944	)
									$	(2,474	)	$	(4,748	)
	Carrying value at June 30, 2014								Three Months Ended June 30, 2014			Six Months Ended June 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)			Net gains/(losses)
Loans held-for-sale - SBAs	$	—	$	3,471	$	—	$	3,471	$	1		$	43
Loans held-for-sale - first mortgages		—		—		9,004		9,004		7			(10	)
Loans, net of unearned income (a)		—		—		53,652		53,652		(469	)		(677	)
Real estate acquired by foreclosure (b)		—		—		38,781		38,781		(533	)		(1,391	)
Other assets (c)		—		—		29,622		29,622		(862	)		(1,187	)
									$	(1,856	)	$	(3,222	)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

(a) 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.

(b) 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.

(c) Represents tax credit investments accounted for under the equity method.

62

Note 16 – Fair Value of Assets & Liabilities (Continued)

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, 2015 and 2014:

(Dollars in Thousands)
Level 3 Class	Fair Value at June 30, 2015		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	4,924	Discounted cash flow	Prepayment speeds	42% - 43%
				Discount rate	5% - 56%
Loans held-for-sale - residential real estate		27,374	Discounted cash flow	Prepayment speeds -First mortgage	2% - 20%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	50% - 60%
				Loss severity trends - First mortgage	10% - 70% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Derivative liabilities, other		4,810	Discounted cash flow	Visa covered litigation resolution amount	$4.5 billion - $5.5 billion
				Probability of resolution scenarios	5% - 25%
				Time until resolution	6 - 42 months
Loans, net of unearned income (a)		38,913	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 (b)		29,109	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		28,265	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

(a) Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.

(b) 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.

(c) Represents tax credit investments accounted for under the equity method.

63

Note 16 – Fair Value of Assets & Liabilities (Continued)

(Dollars in Thousands)
Level 3 Class	Fair Value at June 30, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	6,416	Discounted cash flow	Prepayment speeds	43% - 47%
				Discount rate	40% - 85%
Loans held-for-sale - residential real estate		241,491	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	5% - 15%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	50% - 100% of UPB
				Draw Rate - HELOC	5% - 12%
Derivative liabilities, other		4,725	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 42 months
Loans, net of unearned income (a)		53,652	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 (b)		38,781	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		29,622	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

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

(a) Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.

(b) 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.

(c) Represents tax credit investments accounted for under the equity method.

Trading securities-mortgage. Prepayment rates and credit spreads (part of the discount rate) are significant unobservable inputs used in the fair value measurement of FHN’s mortgage trading securities which include interest-only strips, principal-only strips, and subordinated bonds. Increases in prepayment rates and credit spreads in isolation would result in significantly lower fair value measurements for the associated assets. Conversely, decreases in prepayment rates and credit spreads in isolation would result in significantly higher fair value measurements for the associated assets. Generally, when market interest rates decline and other factors favorable to prepayments occur, there is a corresponding increase in prepayment rates as customers are expected to refinance existing mortgages under more favorable interest rate terms. Generally, changes in discount rates directionally mirror the changes in market interest rates. FHN’s Corporate Accounting Department monitors sale activity and changes in the fair value of excess interest monthly.

Loans held-for-sale. Foreclosure losses in 2015, credit spreads and delinquency adjustment factors in 2014, and prepayment rates in 2015 and 2014 are significant unobservable inputs used in the fair value measurement of FHN’s residential real estate loans held-for-sale. Loss severity trends are also assessed to evaluate the reasonableness of fair value estimates resulting from discounted cash flows methodologies as well as to estimate fair value for newly repurchased loans and loans that are near foreclosure. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. Draw rates are an additional significant unobservable input for HELOCs. Increases (decreases) in the draw rate estimates for HELOCs would increase (decrease) their fair value. All observable and unobservable inputs are re-assessed monthly. Fair value measurements are reviewed at least monthly by FHN’s Corporate Accounting Department.

64

Note 16 – Fair Value of Assets & Liabilities (Continued)

Derivative liabilities. In conjunction with the sales of portions of its Visa Class B shares, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. FHN uses a discounted cash flow methodology in order to estimate the fair value of FHN’s derivative liabilities associated with its prior sales of Visa Class B shares. The methodology includes estimation of both the resolution amount for Visa’s Covered Litigation matters as well as the length of time until the resolution occurs. Significant increases (decreases) in either of these inputs in isolation would result in significantly higher (lower) fair value measurements for the derivative liabilities. Additionally, FHN performs a probability weighted multiple resolution scenario to calculate the estimated fair value of these derivative liabilities. Assignment of higher (lower) probabilities to the larger potential resolution scenarios would result in an increase (decrease) in the estimated fair value of the derivative liabilities. Since this estimation process requires application of judgment in developing significant unobservable inputs used to determine the possible outcomes and the probability weighting assigned to each scenario, these derivatives have been classified within Level 3 in fair value measurements disclosures. The valuation inputs and process are discussed with senior and executive management when significant events affecting the estimate of fair value occur. Inputs are compared to information obtained from the public issuances and filings of Visa, Inc. as well as public information released by other participants in the applicable litigation matters.

Loans, net of unearned income and Real estate acquired by foreclosure. Collateral-dependent loans and Real estate acquired by foreclosure are primarily valued using appraisals based on sales of comparable properties in the same or similar markets. Multiple appraisal firms are utilized to ensure that estimated values are consistent between firms. This process occurs within FHN’s Credit Risk Management (commercial) and Default Servicing functions (primarily consumer) and the Credit Risk Management Committee reviews valuation methodologies and loss information for reasonableness. Back testing is performed during the year through comparison to ultimate disposition values and is reviewed quarterly within the Credit Risk Management function. Other collateral (receivables, inventory, equipment, etc.) is valued through borrowing base certificates, financial statements and/or auction valuations. These valuations are discounted based on the quality of reporting, knowledge of the marketability/collectability of the collateral and historical disposition rates.

Other assets – tax credit investments. The estimated fair value of tax credit investments accounted for under the equity method is generally determined in relation to the yield (i.e., future tax credits to be received) an acquirer of these investments would expect in relation to the yields experienced on current new issue and/or secondary market transactions. Thus, as tax credits are recognized, the future yield to a market participant is reduced, resulting in consistent impairment of the individual investments. Individual investments are reviewed for impairment quarterly, which may include the consideration of additional marketability discounts related to specific investments. Unusual valuation adjustments and the associated triggering events are discussed with senior and executive management when appropriate. A portfolio review is conducted annually, with the assistance of a third party, to assess the reasonableness of current valuations.

Fair Value Option

FHN elected the fair value option on a prospective basis for almost all types of mortgage loans originated for sale purposes under the Financial Instruments Topic (“ASC 825”). FHN determined that the election reduced certain timing differences and better matched changes in the value of such loans with changes in the value of derivatives used as economic hedges for these assets at the time of election.

Repurchased loans are recognized within loans held-for-sale at fair value at the time of repurchase, which includes consideration of the credit status of the loans and the estimated liquidation value. FHN has elected to continue recognition of these loans at fair value in periods subsequent to reacquisition. Due to the credit-distressed nature of the vast majority of repurchased loans and the related loss severities experienced upon repurchase, FHN believes that the fair value election provides a more timely recognition of changes in value for these loans that occur subsequent to repurchase. Absent the fair value election, these loans would be subject to valuation at the LOCOM value, which would prevent subsequent values from exceeding the initial fair value, determined at the time of repurchase, but would require recognition of subsequent declines in value. Thus, the fair value election provides for a more timely recognition of any potential future recoveries in asset values while not affecting the requirement to recognize subsequent declines in value.

65

Note 16 – Fair Value of Assets & Liabilities (Continued)

The following tables reflect the differences between the fair value carrying amount of residential real estate loans 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, 2015
(Dollars in thousands)	Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
Total loans	$	26,525	$	40,577	$	(14,052	)
Nonaccrual loans		6,238		12,316		(6,078	)
Loans 90 days or more past due and still accruing		1,622		2,056		(434	)

	June 30, 2014
(Dollars in thousands)	Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
Total loans	$	232,487	$	367,173	$	(134,686	)
Nonaccrual loans		69,571		134,014		(64,443	)
Loans 90 days or more past due and still accruing		7,291		13,504		(6,213	)

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 June 30				Six Months Ended June 30
(Dollars in thousands)	2015		2014		2015		2014
Changes in fair value included in net income:
Mortgage banking noninterest income
Loans held-for-sale	$	248	$	8,214	$	1,390	$	9,401

For the three months ended June 30, 2015, and 2014, the amounts for residential real estate loans held-for-sale include gains of $.3 million and $.9 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. For the six months ended June 30, 2015, and 2014, the amounts for loans held-for-sale include gains of $.7 million and $2.6 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. The portion of the fair value adjustments related to credit risk was determined based on estimated default rates and estimated loss severities. Interest income on residential real estate loans held-for-sale measured at fair value is calculated based on the note rate of the loan and is recorded in the interest income section of the Consolidated Condensed Statements of Income as interest on loans held-for-sale.

Determination of Fair Value

In accordance with ASC 820-10-35, fair values are based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following describes the assumptions and methodologies used to estimate the fair value of financial instruments recorded at fair value in the Consolidated Condensed Statements of Condition and for estimating the fair value of financial instruments for which fair value is disclosed under ASC 825-10-50.

Short-term financial assets. Federal funds sold, securities purchased under agreements to resell, and interest bearing deposits with other financial institutions and the Federal Reserve are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization.

Trading securities and trading liabilities. Trading securities and trading liabilities are recognized at fair value through current earnings. Trading inventory held for broker-dealer operations is included in trading securities and trading liabilities. Broker-dealer long positions are valued at bid price in the bid-ask spread. Short positions are valued at the ask price. Inventory positions are valued using observable inputs including current market transactions, LIBOR and U.S. treasury curves, credit spreads, and consensus prepayment speeds.

66

Note 16 – Fair Value of Assets & Liabilities (Continued)

Trading securities also include retained interests in prior securitizations that qualify as financial assets, which primarily include interest-only strips, principal-only strips and subordinated bonds. FHN uses inputs including yield curves, credit spreads, and prepayment speeds to determine the fair value of principal-only strips. Subordinated bonds are bonds with junior priority and are valued using an internal model which includes contractual terms, frequency and severity of loss (credit spreads), prepayment speeds of the underlying collateral, and the yield that a market participant would require.

Securities available-for-sale. Securities available-for-sale includes the investment portfolio accounted for as available-for-sale under ASC 320-10-25, federal bank stock holdings, short-term investments in mutual funds, and prior to third quarter 2014, venture capital investments. Valuations of available-for-sale securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves, consensus prepayment estimates, and credit spreads. When available, broker quotes are used to support these valuations. Certain government agency debt obligations with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows and the treasury curve. Significant unobservable inputs include estimated trading spreads and estimated prepayment speeds.

Investments in the stock of the Federal Reserve Bank and Federal Home Loan Banks are recognized at historical cost in the Consolidated Condensed Statements of Condition which is considered to approximate fair value. Short-term investments in mutual funds are measured at the funds’ reported closing net asset values. Investments in equity securities are valued using quoted market prices. Prior to third quarter 2014, venture capital investments were typically measured using significant internally generated inputs including adjustments to industry comparables and discounted cash flows analysis.

Securities held-to-maturity. Securities held-to-maturity reflects debt securities for which management has the positive intent and ability to hold to maturity. To the extent possible, valuations of held-to-maturity securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves and credit spreads. Debt securities with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows, the treasury curve and credit spreads from similar instruments. Significant unobservable inputs include estimated credit spreads for individual issuers and instruments as well as prepayment speeds, as applicable.

Loans held-for-sale. Residential real estate loans held-for-sale are valued using current transaction prices and/or values on similar assets when available. Uncommitted bids may be adjusted based on other available market information. For all other loans FHN determines the fair value of residential real estate loans held-for-sale using a discounted cash flow model which incorporates both observable and unobservable inputs. Commencing in fourth quarter 2014, inputs include current mortgage rates for similar products, estimated prepayment rates, foreclosure losses, and various loan performance measures (delinquency, LTV, credit score). Prior to fourth quarter 2014, typical inputs included contractual cash flow requirements, current mortgage rates for similar products, estimated prepayment rates, credit spreads and delinquency penalty adjustments. Adjustments for delinquency and other differences in loan characteristics are typically reflected in the model’s discount rates. Loss severity trends and the value of underlying collateral are also considered in assessing the appropriate fair value for severely delinquent loans and loans in foreclosure. The valuation of HELOCs also incorporates estimates of loan draw rates as well as estimated cancellation rates for loans expected to become delinquent.

Loans held-for-sale also includes loans made by the Small Business Administration (“SBA”), which are accounted for at LOCOM. The fair value of SBA loans is determined using an expected cash flow model that utilizes observable inputs such as the spread between LIBOR and prime rates, consensus prepayment speeds, and the treasury curve. The fair value of other non-residential real estate loans held-for-sale is approximated by their carrying values based on current transaction values.

Loans, net of unearned income. Loans, net of unearned income are recognized at the amount of funds advanced, less charge-offs and an estimation of credit risk represented by the allowance for loan losses. The fair value estimates for disclosure purposes differentiate loans based on their financial characteristics, such as product classification, vintage, loan category, pricing features, and remaining maturity.

The fair value of floating rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is considered to approximate book value due to the monthly repricing for commercial and consumer loans, with the exception of floating rate 1-4 family residential mortgage loans which reprice annually and will lag movements in market rates. The fair value for floating rate 1-4 family mortgage loans is calculated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period.

Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the floating rate 1-4 family residential mortgage portfolio.

67

Note 16 – Fair Value of Assets & Liabilities (Continued)

The fair value of fixed rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is estimated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period. Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the fixed rate mortgage and installment loan portfolios.

For all loan portfolio classes, adjustments are made to reflect liquidity or illiquidity of the market. Such adjustments reflect discounts that FHN believes are consistent with what a market participant would consider in determining fair value given current market conditions.

Individually impaired loans are measured using either a discounted cash flow methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral-dependent. In accordance with accounting standards, the discounted cash flow analysis utilizes the loan’s effective interest rate for discounting expected cash flow amounts. Thus, this analysis is not considered a fair value measurement in accordance with ASC 820. However, the results of this methodology are considered to approximate fair value for the applicable loans. Expected cash flows are derived from internally-developed inputs primarily reflecting expected default rates on contractual cash flows. For loans measured using the estimated fair value of collateral less costs to sell, fair value is estimated using appraisals of the collateral. Collateral values are monitored and additional write-downs are recognized if it is determined that the estimated collateral values have declined further. Estimated costs to sell are based on current amounts of disposal costs for similar assets. Carrying value is considered to reflect fair value for these loans.

Mortgage servicing rights. FHN recognizes all classes of MSR at fair value. In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing. Since that time FHN has used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR, as a third-party pricing source in the valuation of the MSR.

Derivative assets and liabilities. The fair value for forwards and futures contracts is based on current transactions involving identical securities. Futures contracts are exchange-traded and thus have no credit risk factor assigned as the risk of non-performance is limited to the clearinghouse used.

Valuations of other derivatives (primarily interest rate related swaps, swaptions, caps, and collars) are based on inputs observed in active markets for similar instruments. Typical inputs include the LIBOR curve, Overnight Indexed Swap (“OIS”) curve, option volatility, and option skew. In measuring the fair value of these derivative assets and liabilities, FHN has elected to consider credit risk based on the net exposure to individual counterparties. Credit risk is mitigated for these instruments through the use of mutual margining and master netting agreements as well as collateral posting requirements. Any remaining credit risk related to interest rate derivatives is considered in determining fair value through evaluation of additional factors such as customer loan grades and debt ratings. Foreign currency related derivatives also utilize observable exchange rates in the determination of fair value. The determination of fair value for FHN’s derivative liabilities associated with its prior sales of Visa Class B shares are classified within Level 3 in the fair value measurements disclosure as previously discussed in the unobservable inputs discussion.

Real estate acquired by foreclosure. Real estate acquired by foreclosure primarily consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Estimated fair value is determined using appraised values with subsequent adjustments for deterioration in values that are not reflected in the most recent appraisal. Real estate acquired by foreclosure during periods prior to January 1, 2015 also includes properties acquired in compliance with HUD servicing guidelines which are carried at the estimated amount of the underlying government insurance or guarantee.

Nonearning assets. For disclosure purposes, nonearning assets include cash and due from banks, accrued interest receivable, and fixed income receivables. Due to the short-term nature of cash and due from banks, accrued interest receivable, and fixed income receivables, the fair value is approximated by the book value.

Other assets. For disclosure purposes, other assets consist of tax credit investments and deferred compensation assets that are considered financial assets. Tax credit investments accounted for under the equity method are written down to estimated fair value quarterly based on the estimated value of the associated tax credits which incorporates estimates of required yield for hypothetical investors. The fair value of all other tax credit investments is estimated using recent transaction information with adjustments for differences in individual investments. Deferred compensation assets are recognized at fair value, which is based on quoted prices in active markets. Beginning in first quarter 2015, Other assets also includes property acquired in connection with foreclosures of loans that have government insurance or guarantees. These receivables are valued at the expected amounts recoverable for the insurance or guarantees.

68

Note 16 – Fair Value of Assets & Liabilities (Continued)

Defined maturity deposits. The fair value of these deposits is estimated by discounting future cash flows to their present value. Future cash flows are discounted by using the current market rates of similar instruments applicable to the remaining maturity. For disclosure purposes, defined maturity deposits include all certificates of deposit and other time deposits.

Undefined maturity deposits. In accordance with ASC 825, the fair value of these deposits is approximated by the book value. For the purpose of this disclosure, undefined maturity deposits include demand deposits, checking interest accounts, savings accounts, and money market accounts.

Short-term financial liabilities. The fair value of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings are approximated by the book value. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization.

Term borrowings. The fair value of term borrowings is based on quoted market prices or dealer quotes for the identical liability when traded as an asset. When pricing information for the identical liability is not available, relevant prices for similar debt instruments are used with adjustments being made to the prices obtained for differences in characteristics of the debt instruments. If no relevant pricing information is available, the fair value is approximated by the present value of the contractual cash flows discounted by the investor’s yield which considers FHN’s and FTBNA’s debt ratings.

Other noninterest-bearing liabilities. For disclosure purposes, other noninterest-bearing liabilities include accrued interest payable and fixed income payables. Due to the short-term nature of these liabilities, the book value is considered to approximate fair value.

Loan commitments. Fair values of these commitments are based on fees charged to enter into similar agreements taking into account the remaining terms of the agreements and the counterparties’ credit standing.

Other commitments. Fair values of these commitments are based on fees charged to enter into similar agreements.

The following fair value estimates are determined as of a specific point in time utilizing various assumptions and estimates. The use of assumptions and various valuation techniques, as well as the absence of secondary markets for certain financial instruments, will likely reduce the comparability of fair value disclosures between financial institutions. Due to market illiquidity, the fair values for loans, net of unearned income, loans held-for-sale, and term borrowings as of June 30, 2015 and 2014, involve the use of significant internally-developed pricing assumptions for certain components of these line items. The assumptions and valuations utilized for this disclosure are considered to reflect inputs that market participants would use in transactions involving these instruments as of the measurement date. The valuations of legacy assets, particularly consumer loans within the non-strategic segment and TRUP loans, are influenced by the challenging economic conditions experienced during the past several years, including housing price declines and the effect on estimated collateral values, elevated unemployment or underemployment and risk perceptions of the financial sector. These considerations affect the estimate of a potential acquirer’s cost of capital assumption and cash flow volatility from these assets and the resulting fair value measurements may depart significantly from our internal estimates of the intrinsic value of these assets.

Assets and liabilities that are not financial instruments have not been included in the following table such as the value of long-term relationships with deposit and trust customers, premises and equipment, goodwill and other intangibles, deferred taxes, and certain other assets and other liabilities. Additionally, these measurements are solely for financial instruments as of the measurement date and do not consider the earnings potential of our various business lines. Accordingly, the total of the fair value amounts does not represent, and should not be construed to represent, the underlying value of the Company.

69

Note 16 – Fair Value of Assets & Liabilities (Continued)

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 loan commitments and stand by and other commitments as of June 30, 2015 and 2014.

	June 30, 2015
	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	$	9,753,813	$	—	$	—	$	9,716,906	$	9,716,906
Commercial real estate		1,379,223		—		—		1,362,420		1,362,420
Retail:
Consumer real estate		4,784,814		—		—		4,637,309		4,637,309
Permanent mortgage		465,302		—		—		434,145		434,145
Credit card & other		332,269		—		—		333,921		333,921
Total loans, net of unearned income and allowance for loan losses		16,715,421		—		—		16,484,701		16,484,701
Short-term financial assets
Interest-bearing cash		344,944		344,944		—		—		344,944
Federal funds sold		77,039		—		77,039		—		77,039
Securities purchased under agreements to resell		816,991		—		816,991		—		816,991
Total short-term financial assets		1,238,974		344,944		894,030		—		1,238,974
Trading securities (a)		1,133,490		—		1,128,561		4,929		1,133,490
Loans held-for-sale (a)		127,196		—		—		127,196		127,196
Securities available-for-sale (a) (b)		3,648,860		25,825		3,463,981		159,054		3,648,860
Securities held-to-maturity		4,306		—		—		5,356		5,356
Derivative assets (a)		115,230		5,299		109,931		—		115,230
Other assets
Tax credit investments		90,095		—		—		60,619		60,619
Deferred compensation assets		27,341		27,341		—		—		27,341
Total other assets		117,436		27,341		—		60,619		87,960
Nonearning assets
Cash & due from banks		274,256		274,256		—		—		274,256
Fixed income receivables		91,069		—		91,069		—		91,069
Accrued interest receivable		57,346		—		57,346		—		57,346
Total nonearning assets		422,671		274,256		148,415		—		422,671
Total assets	$	23,523,584	$	677,665	$	5,744,918	$	16,841,855	$	23,264,438
Liabilities:
Deposits:
Defined maturity	$	1,169,153	$	—	$	1,173,899	$	—	$	1,173,899
Undefined maturity		17,505,320		—		17,505,320		—		17,505,320
Total deposits		18,674,473		—		18,679,219		—		18,679,219
Trading liabilities (a)		732,564		—		732,564		—		732,564
Short-term financial liabilities
Federal funds purchased		556,862		—		556,862		—		556,862
Securities sold under agreements to repurchase		311,760		—		311,760		—		311,760
Other short-term borrowings		150,350		—		150,350		—		150,350
Total short-term financial liabilities		1,018,972		—		1,018,972		—		1,018,972
Term borrowings
Real estate investment trust-preferred		45,930		—		—		49,350		49,350
Term borrowings - new market tax credit investment		18,000		—		—		17,983		17,983
Borrowings secured by residential real estate		55,679		—		—		48,051		48,051
Other long term borrowings		1,438,038		—		1,411,226		—		1,411,226
Total term borrowings		1,557,647		—		1,411,226		115,384		1,526,610
Derivative liabilities (a)		109,815		4,788		100,217		4,810		109,815
Other noninterest-bearing liabilities
Fixed income payables		54,301		—		54,301		—		54,301
Accrued interest payable		16,382		—		16,382		—		16,382
Total other noninterest-bearing liabilities		70,683		—		70,683		—		70,683
Total liabilities	$	22,164,154	$	4,788	$	22,012,881	$	120,194	$	22,137,863

(a) Classes are detailed in the recurring and nonrecurring measurement tables.

(b) Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $65.8 million.

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Note 16 – Fair Value of Assets & Liabilities (Continued)

	June 30, 2014
	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	$	8,334,245	$	—	$	—	$	8,244,011	$	8,244,011
Commercial real estate		1,215,692		—		—		1,168,748		1,168,748
Retail:
Consumer real estate		5,100,893		—		—		4,810,173		4,810,173
Permanent mortgage		570,274		—		—		513,946		513,946
Credit card & other		330,977		—		—		332,924		332,924
Total loans, net of unearned income and allowance for loan losses		15,552,081		—		—		15,069,802		15,069,802
Short-term financial assets
Interest-bearing cash		255,920		255,920		—		—		255,920
Federal funds sold		51,537		—		51,537		—		51,537
Securities purchased under agreements to resell		624,477		—		624,477		—		624,477
Total short-term financial assets		931,934		255,920		676,014		—		931,934
Trading securities (a)		1,150,280		—		1,143,859		6,421		1,150,280
Loans held-for-sale (a)		358,945		—		3,471		355,474		358,945
Securities available-for-sale (a) (b)		3,576,542		25,995		3,385,884		164,663		3,576,542
Securities held-to-maturity		4,279		—		—		5,556		5,556
Derivative assets (a)		162,067		5,119		156,948		—		162,067
Other assets
Tax credit investments		82,493		—		—		70,306		70,306
Deferred compensation assets		24,860		24,860		—		—		24,860
Total other assets		107,353		24,860		—		70,306		95,166
Nonearning assets
Cash & due from banks		417,108		417,108		—		—		417,108
Fixed income receivables		174,224		—		174,224		—		174,224
Accrued interest receivable		67,132		—		67,132		—		67,132
Total nonearning assets		658,464		417,108		241,356		—		658,464
Total assets	$	22,501,945	$	729,002	$	5,607,532	$	15,672,222	$	22,008,756
Liabilities:
Deposits:
Defined maturity	$	1,312,419	$	—	$	1,319,686	$	—	$	1,319,686
Undefined maturity		14,845,068		—		14,845,068		—		14,845,068
Total deposits		16,157,487		—		16,164,754		—		16,164,754
Trading liabilities (a)		706,119		—		706,119		—		706,119
Short-term financial liabilities
Federal funds purchased		947,946		—		947,946		—		947,946
Securities sold under agreements to repurchase		475,530		—		475,530		—		475,530
Other short-term borrowings		1,073,250		—		1,073,250		—		1,073,250
Total short-term financial liabilities		2,496,726		—		2,496,726		—		2,496,726
Term borrowings
Real estate investment trust-preferred		45,862		—		—		49,350		49,350
Term borrowings - new market tax credit investment		18,000		—		—		17,940		17,940
Borrowings secured by residential real estate		74,103		—		—		63,951		63,951
Other long term borrowings		1,363,244		—		1,357,728		—		1,357,728
Total term borrowings		1,501,209		—		1,357,728		131,241		1,488,969
Derivative liabilities (a)		138,336		5,310		128,301		4,725		138,336
Other noninterest-bearing liabilities
Fixed income payables		95,299		—		95,299		—		95,299
Accrued interest payable		23,218		—		23,218		—		23,218
Total other noninterest-bearing liabilities		118,517		—		118,517		—		118,517
Total liabilities	$	21,118,394	$	5,310	$	20,972,145	$	135,966	$	21,113,421

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

(a) Classes are detailed in the recurring and nonrecurring measurement tables.

(b) Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

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Note 16 – Fair Value of Assets & Liabilities (Continued)

	Contractual Amount				Fair Value
(Dollars in thousands)	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Unfunded Commitments:
Loan commitments	$	7,507,315	$	7,227,433	$	2,761	$	2,079
Standby and other commitments		304,860		307,543		4,846		5,150

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

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

General Information	74
Forward-Looking Statements	75
Financial Summary	76
Statement of Condition Review	85
Capital	88
Asset Quality - Trend Analysis of Second Quarter 2015 Compared to Second Quarter 2014	91
Risk Management	105
Repurchase Obligations, Off-Balance Sheet Arrangements, and Other Contractual Obligations	109
Market Uncertainties and Prospective Trends	114
Critical Accounting Policies	115
Non-GAAP Information	116

73

FIRST HORIZON NATIONAL CORPORATION

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS

GENERAL INFORMATION

First Horizon National Corporation (“FHN”) began as a community bank chartered in 1864 and as of June 30, 2015, was one of the 40 largest publicly traded banking organizations in the United States in terms of asset size.

The corporation’s two major brands – First Tennessee and FTN Financial - provide customers with a broad range of products and services. First Tennessee provides retail and commercial banking services throughout Tennessee and other selected markets and is the largest bank headquartered in the state of Tennessee. FTN Financial (“FTNF”) is an industry leader in fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad.

FHN is composed of the following operating segments:

• Regional banking offers financial products and services including traditional lending and deposit-taking to retail and commercial customers in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, along with credit card and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally.

• Fixed income (formerly Capital markets) provides financial services for depository and non-depository institutions through the sale and distribution of fixed income securities, loan sales, portfolio advisory services, and derivative sales.

• Corporate consists of unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance (“BOLI”), unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives.

• Non-strategic includes exited businesses and wind-down national consumer lending activities, other discontinued products, loan portfolios and service lines, and certain charges related to restructuring, repositioning, and efficiency initiatives.

On October 17, 2014, First Tennessee Bank National Association (“FTBNA”), a subsidiary of FHN, purchased thirteen bank branches in Middle and East Tennessee. The fair value of the acquired assets totaled $437.6 million, including $413.4 million in cash, $7.5 million in fixed assets, and $15.7 million of goodwill and intangible assets. FTBNA also assumed $437.2 million of deposits associated with these branches. FTBNA paid a deposit premium of 3.32 percent and acquired an immaterial amount of loans as part of the transaction.

On October 21, 2014, FHN entered into an agreement with TrustAtlantic Financial Corporation (“TrustAtlantic Financial”) by which TrustAtlantic Financial will merge into a subsidiary of FHN. On December 16, 2014, the parties signed an amendment to the merger agreement. In the transaction, approximately 75 percent of the shares of TrustAtlantic Financial will be converted into shares of FHN common stock at an exchange ratio of 1.3261 FHN shares for each TrustAtlantic Financial share, and approximately 25 percent of the shares of TrustAtlantic Financial will be converted into cash. The aggregate transaction value is estimated to be approximately $109 million (inclusive of TrustAtlantic warrants that FHN is assuming will be exercised and converted into TrustAtlantic shares before the transaction closes), based on FHN’s common stock value of $15.67 at June 30, 2015. TrustAtlantic Financial reported on a consolidated basis, approximately $430 million of total assets and approximately $368 million of total deposits at June 30, 2015. The transaction is expected to close in the second half of 2015, subject to regulatory approvals and other customary conditions to closing.

In second quarter 2015, FHN changed the name of its capital markets business segment to fixed income. In conjunction with this change the line item previously titled ‘Capital markets’ was changed to ‘Fixed income’ on the Consolidated Condensed Statements of Income and the line items previously titled ‘Capital markets receivables’ and ‘Capital markets payables’ were changed to ‘Fixed income receivables’ and ‘Fixed income payables’, respectively on the Consolidated Condensed Statements of Condition. This change constituted only a name change and did not affect the composition of the business segment or the composition of the income statement or balance sheet line items affected.

For the purpose of this management’s discussion and analysis (“MD&A”), earning assets have been expressed as averages, unless otherwise noted, and loans have been disclosed net of unearned income. The following financial discussion should be read with the accompanying unaudited Consolidated Condensed Financial Statements and Notes in this report. Additional information including the 2014 financial statements, notes, and MD&A is provided in FHN’s 2014 Annual Report.

74

ADOPTION OF ACCOUNTING UPDATES

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects,” with an election to use the proportional amortization method for all qualifying investments. ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. The retrospective application of ASU 2014-01 resulted in an increase in Diluted earnings/(loss) per share of $.01 for the three and six months ended June 30, 2014, as well as for the year ended December 31, 2014. Additionally, Income/(loss) available to shareholders increased $.7 million and $1.5 million for the three and six months ended June 30, 2014 and $3.0 million for the year ended December 31, 2014 versus previously reported amounts. FHN also recognized a decrease to Shareholders’ equity of $10.9 million at June 30, 2014 and $9.4 million at December 31, 2014 versus previously reported amounts. All prior periods, applicable tables and associated narrative have been revised to reflect this change. See Note 1 – Financial Information for additional information.

Non-GAAP Measures

Certain measures are included in the narrative and tables in this MD&A that are “non-GAAP”, meaning (under U.S. financial reporting rules) they are not presented in accordance with generally accepted accounting principles (“GAAP”) in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the capital position or financial results of FHN. Non-GAAP measures are reported to FHN’s management and Board of Directors through various internal reports.

Presentation of regulatory measures, even those which are not GAAP, provide a meaningful base for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this MD&A include: tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; common equity tier 1 capital (for periods subsequent to fourth quarter 2014), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; and risk weighted assets (“RWA”), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios. The regulatory common equity tier 1 used in 2015 and later periods is not the same as the non-regulatory, non-GAAP tier 1 common commonly used prior to 2015; comparisons between the two are not meaningful.

The non-GAAP measure presented in this filing is the tier 1 common capital ratio (for periods prior to first quarter 2015). Refer to Table 25 for a reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items.

FORWARD-LOOKING STATEMENTS

This MD&A contains forward-looking statements with respect to FHN’s beliefs, plans, goals, expectations, and estimates. Forward-looking statements are statements that are not a representation of historical information but rather are related to future operations, strategies, financial results, or other developments. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other expressions that indicate future events and trends identify forward-looking statements. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies, many of which are beyond FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change. Examples of uncertainties and contingencies include, among other important factors, global, general and local economic and business conditions, including economic recession or depression; the pace, consistency, and extent of recovery of values and activity in the residential housing and commercial real estate markets; potential requirements for FHN to repurchase, or compensate for losses from, previously sold or securitized mortgages or securities based on such mortgages; potential claims relating to the foreclosure process; potential claims relating to participation in government programs, especially lending or other financial services programs; expectations of and actual timing and amount of interest rate movements, including the slope and shape of the yield curve, which can have a significant impact on a financial services institution; market and monetary fluctuations, including fluctuations in mortgage markets; inflation or deflation; customer, investor, regulatory, and legislative responses to any or all of these conditions; the financial condition of borrowers and other counterparties; competition within and outside the financial services industry; geopolitical developments including possible terrorist activity; natural disasters; effectiveness and cost-efficiency of FHN’s hedging practices; technological changes; fraud, theft, or other incursions through conventional, electronic, or other means affecting FHN directly or affecting its customers, business counterparties or competitors; demand for FHN’s product offerings; new products and services in the industries in

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which FHN operates; the increasing use of new technologies to interact with customers and others; and critical accounting estimates. Other factors are those inherent in originating, selling, servicing, and holding loans and loan-based assets, including prepayment risks, pricing concessions, fluctuation in U.S. housing and other real estate prices, fluctuation of collateral values, and changes in customer profiles. Additionally, the actions of the Securities and Exchange Commission (“SEC”), the Financial Accounting Standards Board (“FASB”), the Office of the Comptroller of the Currency (“OCC”), the Board of Governors of the Federal Reserve System (“Federal Reserve”), the Federal Deposit Insurance Corporation (“FDIC”), Financial Industry Regulatory Authority (“FINRA”), the Municipal Securities Rulemaking Board (“MSRB”), the Consumer Financial Protection Bureau (“CFPB”), the Financial Stability Oversight Council (“Council”), and other regulators and agencies; pending, threatened, or possible future regulatory, administrative, and judicial outcomes, actions, and proceedings; changes in laws and regulations applicable to FHN; and FHN’s success in executing its business plans and strategies and managing the risks involved in the foregoing, could cause actual results to differ, perhaps materially, from those contemplated by the forward-looking statements. FHN assumes no obligation to update or revise, whether as a result of new information, future events, or otherwise, any forward-looking statements that are made in this Quarterly Report or otherwise from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those presented in this Forward-Looking Statements section, in other sections of this MD&A, in other parts of and exhibits to this Quarterly Report on Form 10-Q for the period ended June 30, 2015, and in documents incorporated into this Quarterly Report.

FINANCIAL SUMMARY

For second quarter 2015, FHN reported net income available to common shareholders of $50.6 million or $.22 per diluted share compared to net income of $77.5 million or $.33 per diluted share in second quarter 2014. For the six months ended June 30, 2015, FHN reported a net loss available to common shareholders of $26.2 million or $.11 loss per diluted share compared to net income of $123.1 million or $.52 per diluted share for the six months ended June 30, 2014. The decline in results for the second quarter compared to the prior year was driven by an increase in expenses, which more than offset an increase in revenues and a reduction in the loan loss provision. The decline in results for the six months ended June 30, 2015 compared to the prior year was the result of an increase in expenses and lower noninterest income, partially mitigated by an increase in net interest income and lower loan loss provisioning.

In the first half of 2015, FHN recorded a charge to litigation and regulatory matters of $162.5 million related to a settlement with two federal agencies, the Department of Justice (“DOJ”) and the Department of Housing and Urban Development Office of Inspector General (“HUD”), to settle potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans.

Total revenue increased $13.3 million and $1.7 million, respectively, for the three and six months ended June 30, 2015 to $296.9 million and $583.5 million. The increase in revenue for both periods was primarily driven by an increase in net interest income (“NII”) and higher fixed income product revenue in 2015 compared to 2014, partially offset by a decline in mortgage banking income. For the three months ended June 30, 2015 compared to 2014, the decline in mortgage banking income was the result of a higher mortgage warehouse valuation in 2014 associated with the non-performing portion of the held-for-sale (“HFS”) portfolio. For the six months ended June 30, 2015 compared to 2014, the decrease in mortgage banking income was also affected by the receipt of approximately $20.0 million of additional servicing fees in first quarter 2014 in conjunction with servicing sales.

Expenses for the three and six months ended June 30, 2015 were $218.4 million and $594.6 million, respectively, compared to $163.2 million and $381.2 million, respectively, for the three and six months ended June 30, 2014. For the quarter ended June 30, 2015 compared to 2014, the expense increase was largely driven by $47.1 million in expense recoveries recognized in second quarter 2014, as well as an increase in personnel-related expenses in second quarter 2015. The second quarter 2014 expense recoveries were related to agreements reached with insurance companies for litigation losses and legal fees associated with a lawsuit FHN settled in 2011 involving the bankruptcy trustee for Sentinel Management Group Inc. For the six months ended June 30, 2015 compared to 2014, the increase in expenses was primarily the result of the $162.5 million charge to litigation and regulatory matters related to the settlement reached with DOJ/HUD previously mentioned coupled with the 2014 Sentinel expense recoveries. Increased personnel expense for the six months ended June 30, 2015 also contributed to the rise in expenses relative to the prior year, but was somewhat mitigated by lower occupancy expense which was primarily the result of a lease abandonment charge recognized in 2014 related to restructuring, repositioning, and efficiency initiatives and lower legal fees in 2015 relative to the same period of 2014.

On a consolidated basis, credit quality continued to improve in 2015 relative to a year ago, resulting in a $3.0 million decline in the loan loss provision to $2.0 million in second quarter 2015 and an $8.0 million decline in the loan loss provision to $7.0 million for the six months ended June 30, 2015. Improvement from second quarter 2014 resulted in a 9 percent decline in the allowance for loan losses (“ALLL”) (on a period-end basis) and a 12 percent decline in non-performing loans from a year ago.

Return on average common equity and return on average assets for second quarter 2015 were 9.56 percent and .87 percent, respectively, compared to 14.35 percent and 1.39 percent, respectively, in second quarter 2014. During the six months ended June 30, 2015 and 2014, the return on average common equity was negative 2.43 percent and positive 11.55 percent, respectively, and the return on average assets was negative .14 percent and positive 1.12 percent, respectively. The Tier 1 capital ratio was 11.98 percent as

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of June 30, 2015, compared to 14.19 percent on June 30, 2014. Total period-end assets increased to $25.2 billion on June 30, 2015, from $24.2 billion on June 30, 2014. Average loans increased 9 percent and 8 percent to $16.8 billion and $16.5 billion, respectively, in the three and six months ended June 30, 2015 relative to the same periods in 2014. Average core deposits increased 16 percent and 14 percent to $18.1 billion and $18.0 billion, respectively, in the three and six months ended June 30, 2015 relative to the prior year. Period-end and average shareholders’ equity decreased to $2.5 billion in second quarter 2015 from $2.6 billion in second quarter 2014.

BUSINESS LINE REVIEW

Regional Banking

Pre-tax income within the regional banking segment was $70.6 million during second quarter 2015 compared to $73.5 million in second quarter 2014. The decrease in pre-tax income was driven by higher non-interest expense and loan loss provision expenses, which were somewhat offset by increased revenues. During the six months ended June 30, 2015, the regional bank’s pre-tax income was $144.5 million compared to $130.0 million for the six months ended June 30, 2014. The increase in pre-tax income for the first half of 2015 was primarily driven by an increase in net interest income which more than offset an increase in noninterest expenses.

Total revenue increased 8 percent to $231.9 million in second quarter 2015 from $214.9 million in second quarter 2014, driven by an increase in net interest income (“NII”). The increase in NII was driven by higher average balances of loans to mortgage companies, additional commercial loan growth, increased loan fees, cash basis income, and improved deposit pricing compared to second quarter 2014. These increases were somewhat offset by lower yielding commercial loans due to competitive pressure. Noninterest income decreased to $66.0 million in second quarter 2015 from $66.2 million in second quarter 2014.

Provision expense increased to $17.1 million in second quarter 2015 from $8.4 million in second quarter 2014. Both periods reflect continued strong performance with low levels of net charge-offs and delinquencies. The increase in provision during second quarter 2015 was driven by a number of factors including loan growth, a continued extension of the loss emergence period (“LEP”) for commercial loans in the current cycle, and increased reserves associated with loss resulting from borrower fraud. These factors were somewhat offset by the continued favorable impact of historically low net charge-offs and resulting effects on loss rates. Second quarter 2014 provision expense was affected by additional consumer credit card portfolio reserves as a result of trends in delinquencies, net charge-offs, and certain asset quality ratios for the smaller balance portion of the portfolio.

Noninterest expense was $144.2 million in second quarter 2015 compared to $133.0 million in second quarter 2014. The increase in expense was largely attributable to higher incentive income associated with loan growth, strategic hires, and retention in growth markets in second quarter 2015 relative to the prior year. An increase in the provision for unfunded commitments and larger negative fair value marks associated with foreclosed real estate also contributed to the increase in expenses. Additionally, allocated FDIC premium expense increased relative to the prior year, due in large part to $3.3 million of FDIC premium refunds recognized in second quarter 2014.

Total revenue increased 7 percent to $446.5 million for the six months ended June 30, 2015 from $416.9 million for the six months ended June 30, 2014, driven by an increase in net interest income (“NII”). An increase in average balances of loans to mortgage companies, additional commercial loan growth, improved deposit pricing, and the impact that higher deposit balances has on funds transfer pricing (“FTP”) favorably impacted NII during the first half of 2015, but was somewhat mitigated by lower commercial loan yields. Noninterest income was flat at $126.2 million for the six months ended June 30, 2015.

Provision expense for the six months ended June 30, 2015 increased to $22.0 million from $21.4 million for the six months ended June 30, 2014. The factors affecting the 2015 quarterly provision expense also drove provision expense for the 2015 year-to-date period. For the year-to-date period of 2014, provision expense was primarily affected by the consumer credit card portfolio for the reasons mentioned above, and to a much lesser extent, additional loan loss provisioning associated with purchased credit impaired commercial real estate loans.

Noninterest expense was $280.0 million and $265.5 million for the six months ended June 30, 2015 and 2014, respectively. The increase in expense was largely attributable to the same drivers affecting the quarterly increase in expenses discussed above; however, the increases between the year-to-date periods were partially offset by a decline in professional fees related to consulting projects in first half of 2014 relative to the current year, as well as tighter project management and an incremental focus on cost reductions.

Fixed Income

Pre-tax income in the fixed income segment was $9.1 million during second quarter 2015 compared to $50.0 million during second quarter 2014. For the six months ended June 30, 2015, fixed income’s pre-tax income was $20.3 million compared to $57.7 million for the six months ended June 30, 2014. The decrease in pre-tax income in both periods was primarily driven by $47.1 million of expense recoveries recognized in second quarter 2014 related to the Sentinel litigation matter, which more than offset higher fixed income product revenue in 2015. Fixed income product revenue was $46.7 million in second quarter 2015, up from $40.5 million in second

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quarter 2014, as fixed income product average daily revenue (“ADR”) increased to $.7 million in 2015 from $.6 million in 2014. For the six months ended June 30, 2015 fixed income product revenue was $100.2 million, up from $90.1 million in the prior year. The increase in fixed income revenue reflects more favorable market conditions due to increased rate volatility in 2015 relative to the prior year. Other product revenue was $9.3 million and $7.1 million in second quarter 2015 and 2014, respectively and $17.4 million and $14.3 million for the six months ended June 30, 2015 and 2014, respectively. The increase in both periods was primarily driven by increases in fees from loan and derivative sales in 2015 relative to the prior year. Increases in portfolio advisory fees also affected the year-to-date increase in other product revenue. Noninterest expense was $51.2 million and $.1 million in second quarter 2015 and 2014, respectively, and $105.9 million and $52.7 million for the six months ended June 30, 2015 and 2014, respectively. The expense increase was primarily related to the 2014 Sentinel-related expense recoveries previously mentioned, coupled with higher variable compensation expenses in 2015.

Corporate

The pre-tax loss for the corporate segment was $27.2 million and $20.3 million during the quarters ended June 30, 2015 and 2014, respectively, and was $52.1 million and $34.3 million during the six months ended June 30, 2015 and 2014, respectively. The decline in results in second quarter 2015 relative to second quarter 2014 was primarily driven by lower revenues. For the six months ended June 30, 2015, the decline in results was due in large part to a decrease in revenues which was partially mitigated by an expense decline.

Net interest expense increased $5.4 million in second quarter 2015 to $17.4 million due to the effect of the third quarter 2014 loan sale on FTP, the fourth quarter 2014 issuance of $400 million of senior notes, and a lower yielding available-for-sale (“AFS”) securities portfolio. Noninterest income (including securities gain/losses) was $3.9 million in second quarter 2015 down from $5.2 million in second quarter 2014. The decline in noninterest income was primarily driven by decreases in deferred compensation income. Deferred compensation income fluctuates with changes in the market value of the underlying investments and is mirrored by changes in deferred compensation expense which is included in personnel expense.

Noninterest expense was $13.8 million in second quarter 2015 compared to $13.5 million in second quarter 2014. The increase in noninterest expense was driven by small increases to several expense categories, including FDIC premium expense, which increased relative to the prior year, due in large part to $3.3 million of FDIC premium refunds recognized in second quarter 2014. These increases were offset by a decline in personnel-related expenses primarily related to a decrease in deferred compensation expense, which is directionally consistent with the decrease in deferred compensation income described above.

Net interest expense increased $11.6 million to $33.5 million for the year-to-date period ended June 30, 2015 driven by the same factors that impacted the quarterly increase described above. Noninterest income (including securities gain/losses) was $9.3 million for the six months ended June 30, 2015, down from $18.4 million for the same period of 2014. The decrease in noninterest income was largely driven by a $5.6 million gain associated with the sale of a cost method investment recognized in first quarter 2014 and a decline in BOLI income as a result of lower policy benefits received in first half of 2015 relative to first half of 2014. Additionally, decreases in deferred compensation income for the six months ended June 30, 2015 relative to the prior year also contributed to the decline in noninterest income.

Noninterest expense decreased 9 percent, or $2.9 million, from $30.9 million for the six months ended June 30, 2014 to $27.9 million for the six months ended June 30, 2015. The decline in noninterest expense was largely the result of lower occupancy expense in the six months ended June 30, 2015 primarily related to an efficiency-related lease abandonment expense of $4.6 million that was recognized in first quarter 2014. This decrease was partially offset by an increase in FDIC premium expense, as well as a small increase in personnel expense. The increase in personnel expense largely relates to several favorable adjustments recognized in the first half of 2014, primarily associated with employee benefit plans and deferred compensation BOLI benefits, which more than offset a decline in deferred compensation expense for the six months ended June 30, 2015.

Non-Strategic

The non-strategic segment had pre-tax income of $24.1 million in second quarter 2015 compared to pre-tax income of $12.3 million in second quarter 2014. For the six months ended June 30, 2015, the non-strategic segment had a pre-tax loss of $130.8 million compared to pre-tax income of $32.2 million for the six months ended June 30, 2014. The improvement for the quarterly period was driven by an increase in the provision credit for loan losses coupled with a decline in expenses which more than offset lower revenues. For the year-to-date period the decline in pre-tax income was the result of a significant increase in litigation-related expenses and a decline in revenue, partially offset by a larger provision credit for loan losses.

Total revenue was $18.2 million and $25.4 million in second quarter 2015 and second quarter 2014, respectively. NII declined 21 percent to $13.8 million in second quarter 2015 from $17.5 million in second quarter 2014, consistent with the run-off of the

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non-strategic loan portfolios and the third quarter 2014 sale of mortgage loans HFS. Noninterest income (including securities gains/losses) decreased $3.5 million from $7.9 million in second quarter 2014 to $4.4 million in second quarter 2015. The decline in noninterest income was driven by lower mortgage banking income during second quarter 2015 relative to the prior year primarily due to larger favorable mortgage warehouse valuation adjustments in 2014 associated with the non-performing portion of the HFS portfolio. This decrease was partially offset by a $2.7 million gain on the sale of property recognized in second quarter 2015 and a $2.0 million negative fair value adjustment of an investment recognized in second quarter 2014.

The provision for loan losses within the non-strategic segment was a provision credit of $15.1 million in second quarter 2015 compared to a provision credit of $3.4 million in the prior year. The improvement was primarily driven by a $25.2 million decrease in consumer real estate reserves due to sustained levels of low net charge-offs, continued stabilization of property values, and continued run-off of the remaining portfolios.

Noninterest expense decreased 44 percent, or $7.3 million, to $9.2 million in second quarter 2015 from $16.5 million in second quarter 2014. The decline in expense was largely due to a reduction in legal expenses relative to second quarter 2014, as well as lower allocated expenses.

Total revenue was $35.0 million and $57.9 million for the six months ended June 30, 2015 and 2014, respectively, with NII declining 18 percent to $28.0 million for the 2015 year-to-date period from $34.3 million for the same period of 2014, consistent with the run-off of the non-strategic loan portfolios and the third quarter 2014 sale of mortgage loans HFS. Noninterest income (including securities gains/losses) decreased $16.7 million to $6.9 million for the first half of 2015 from $23.7 million. The decline in noninterest income was driven by a $25.9 million decline in mortgage banking income which resulted primarily from the recognition of approximately $20.0 million in previously unrecognized servicing fees in first quarter 2014 associated with FHN’s agreement to sell substantially all remaining legacy mortgage servicing in late 2013 and a higher positive mortgage warehouse valuation associated with the non-performing portion of the HFS portfolio in 2014 relative to 2015. A portion of this decline was somewhat offset by several transactions which negatively impacted noninterest income in the prior year, including a $4.4 million loss on the extinguishment of debt associated with the collapse of two HELOC securitization trusts, a $2.0 million loss on the deconsolidation of a securitization trust, and a $2.0 million negative fair value adjustment on an investment. Additionally, a $2.7 million gain on the sale of property recognized in second quarter 2015 also positively impacted other noninterest income during 2015.

The provision for loan losses within the non-strategic segment was a provision credit of $15.0 million for the six months ended June 30, 2015 compared to a provision credit of $6.4 million for the six months ended June 30, 2014. The increase in provision credit was largely driven by the consumer real estate portfolio due to sustained low levels of net charge-offs, continued stabilization of property values in the first half of 2015 relative to the prior year, and lower portfolio balances, but was partially offset by a reduction in the provision credit associated with the commercial portfolios, primarily driven by the disposition of three TRUP loans that had a favorable impact on prior year provision.

Noninterest expense increased to $180.8 million in the first half of 2015 from $32.1 million in the first half of 2014. The increase in noninterest expense was due to $162.5 million of loss accruals recognized in first quarter 2015 associated with the settlement reached with DOJ/HUD as previously mentioned. Legal expense decreased $4.3 million for the six months ended June 30, 2015 relative to the six months ended June 30, 2014. Generally, most other expense categories declined given the continued wind-down of the legacy businesses.

INCOME STATEMENT REVIEW

Total consolidated revenue was $296.9 million in second quarter 2015, a 5 percent increase from second quarter 2014, largely driven by increases in net interest income and fixed income product revenue, but partially offset by a decline in mortgage banking income. Total expenses increased $55.2 million from $163.2 million in second quarter 2014 to $218.4 million in second quarter 2015 primarily due to expense recoveries recognized in the prior year related to the Sentinel litigation matter, which led to lower losses from litigation and regulatory matters and lower legal and professional fees in second quarter 2014, relative to the current year. Additionally, personnel expenses were higher in second quarter 2015, relative to second quarter 2014, also contributing to the expense increase. For the six months ended June 30, 2015, total consolidated revenue was $583.5 million compared to $581.8 million for the six months ended June 30, 2014. Increases in net interest income and fixed income product revenue were partially offset by a decline in mortgage banking income. Total expenses for the six months ended June 30, 2015 increased $213.4 million from $381.2 million in the first half of 2014 to $594.6 million in the first half of 2015 primarily driven by increases in litigation loss accruals and personnel expenses.

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NET INTEREST INCOME

Net interest income increased 6 percent to $166.6 million in second quarter 2015 from $156.8 million in second quarter 2014. For the six months ended June 30, 2015, NII increased 5 percent to $323.5 million from $309.1 million. For the three and six months ended June 30, 2015, the increase in NII was primarily attributable to higher balances of loans to mortgage companies coupled with additional commercial and bank installment loan growth, partially offset by continued run-off of the non-strategic loan portfolios, lower yielding commercial loans due to competitive pressure, and the third quarter 2014 sale of mortgage loans HFS. Average earning assets were $23.2 billion and $21.5 billion in second quarters 2015 and 2014, respectively, and $23.4 billion and $21.6 billion for the six months ended June 30, 2015 and 2014, respectively. The increase in both periods relative to the prior year was primarily driven by loan growth within the regional bank, but was also impacted by increases in trading securities and higher average balances of excess cash held at the Federal Reserve (“Fed”), which more than offset continued run-off of the non-strategic loan portfolios and a decline in average balances of Loans HFS because of the third quarter 2014 loan sales.

For purposes of computing yields and the net interest margin, FHN adjusts net interest income to reflect tax exempt income on an equivalent pre-tax basis which provides comparability of net interest income arising from both taxable and tax-exempt sources. The consolidated net interest margin decreased to 2.92 percent in second quarter 2015 from 2.97 percent in second quarter 2014. The net interest spread was 2.79 percent in second quarter 2015 down 4 basis points from 2.83 percent in second quarter 2014 and the impact of free funding was 13 basis points in 2015 down from 14 basis points in 2014. The decrease in NIM was due in large part to lower yielding commercial loans and run-off of the non-strategic loan portfolios, coupled with a lower yielding securities portfolio. A portion of the decline was offset by increased loan fees, higher cash basis interest income, and higher average balances of loans to mortgage companies in second quarter 2015 relative to the prior year. For the six months ended June 30, 2015, the net interest margin was 2.83 percent, down from 2.92 percent for the comparable period of 2014. The decline in NIM for the six month period of 2015 was driven by several factors including lower yielding commercial loans, an increase in average excess cash held at the Fed, run-off of the non-strategic loan portfolios, and a lower yielding securities portfolio. These negative effects were somewhat mitigated by increased loan fees, higher cash basis interest income and higher average balances of loans to mortgage companies.

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Table 1- Net Interest Margin

	Three Months Ended June 30
	2015			2014
Assets:
Earning assets:
Loans, net of unearned income:
Commercial loans		3.60	%		3.59	%
Retail loans		3.94			4.06
Total loans, net of unearned income		3.71			3.78
Loans held-for-sale (a)		4.17			3.61
Investment securities:
U.S. treasuries		NM			0.07
U.S. government agencies		2.45			2.59
States and municipalities		2.77			1.99
Other		4.08			4.44
Total investment securities		2.53			2.65
Trading securities		2.73			2.80
Other earning assets:
Federal funds sold		1.00			1.00
Securities purchased under agreements to resell (b)		(0.13	)		(0.13	)
Interest bearing cash		0.23			0.20
Total other earning assets		0.03			0.01
Interest income / total earning assets		3.27	%		3.35	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Savings		0.16	%		0.17	%
Other interest-bearing deposits		0.09			0.08
Time deposits (c)		0.68			1.16
Total interest-bearing core deposits		0.17			0.22
Certificates of deposit $100,000 and more		0.82			0.68
Federal funds purchased		0.25			0.25
Securities sold under agreements to repurchase		0.05			0.10
Fixed income trading liabilities		2.12			2.44
Other short-term borrowings		0.49			0.30
Term borrowings (d)		2.47			2.24
Interest expense / total interest-bearing liabilities		0.48			0.52
Net interest spread		2.79	%		2.83	%
Effect of interest-free sources used to fund earning assets		0.13			0.14
Net interest margin (e)		2.92	%		2.97	%

NM – Not meaningful

(a) 2015 increase driven by sales of certain lower-yielding loans in third quarter 2014.

(b) Driven by negative market rates on reverse repurchase agreements.

(c) Second quarter 2015 rate includes the effect of amortizing the premium valuation adjustment for acquired time deposits related to branch acquisitions.

(d) 2015 increase driven by the issuance of $400 million of senior notes in fourth quarter 2014.

(e) Calculated using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.

FHN’s net interest margin is impacted by balance sheet factors such as interest-bearing cash levels, deposit balances, trading inventory, commercial loan volume, loan fees, cash basis income, and the potential rise in short term interest rates. For the second half of 2015, NIM could be under pressure due to a decline in loan yields from the competitive environment and historically low rates.

PROVISION FOR LOAN LOSSES

The provision for loan losses is the charge to earnings that management determines to be necessary to maintain the ALLL at a sufficient level reflecting management’s estimate of probable incurred losses in the loan portfolio. The provision for loan losses was

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$2.0 million in second quarter 2015 compared to $5.0 million in second quarter 2014. For the six months ended June 30, 2015 and 2014, the provision for loan losses was $7.0 million and $15.0 million, respectively. During second quarter 2015 and 2014 FHN experienced continued overall improvement in the loan portfolio. The allowance for loan losses declined 9 percent from June 30, 2014 to June 30, 2015. Overall, FHN’s asset quality trends remain historically strong. For additional information about the provision for loan losses refer to the Regional Banking and Non-Strategic sections of the Business Line Review section in this MD&A. Additionally, for additional information about general asset quality trends refer to Asset Quality - Trend Analysis of Second Quarter 2015 Compared to Second Quarter 2014 in this MD&A.

NONINTEREST INCOME

Noninterest income (including securities gains/(losses)) was $130.3 million in second quarter 2015 and represented 44 percent of total revenue compared to $126.9 million in second quarter 2014 and 45 percent of total revenue. The increase in noninterest income in second quarter 2015 relative to second quarter 2014 largely resulted from increases in fixed income sales revenue and all other income and commissions, partially offset by a decrease in mortgage banking income. For the six months ended June 30, 2015 noninterest income was $260.0 million and represented 45 percent of total revenue compared to $272.6 million and 47 percent for the six months ended June 30, 2014. The decrease in 2015 noninterest income relative to the first half of 2014 was largely the result of a decrease in mortgage banking income partially offset by an increase in fixed income sales revenue and all other income and commissions.

Fixed Income Noninterest Income

Fixed income noninterest income increased 18 percent in second quarter 2015 to $56.2 million from $47.7 million in second quarter 2014. For the six months ended June 30, 2015 and 2014, fixed income noninterest income was $117.9 million and $104.5 million, respectively, representing a 13 percent increase. Revenue from fixed income product sales was up in both periods reflecting more favorable market conditions due to increased rate volatility in 2015 relative to the respective periods of the prior year. Revenue from other products increased to $9.6 million in second quarter 2015 from $7.2 million in second quarter 2014 primarily driven by increases in fees from loan and derivative sales. During the six months ended June 30, 2015, revenue from other products increased to $17.7 million from $14.4 million for the six months ended June 30, 2014, largely driven by increases in fees from loan sales, derivative sales, and portfolio advisory.

Table 2 - Fixed Income Noninterest Income

	Three Months Ended							Six Months Ended
	June 30				Percent			June 30				Percent
(Dollars in thousands)	2015		2014		Change			2015		2014		Change
Noninterest income:
Fixed income product revenue	$	46,685	$	40,457		15	%	$	100,195	$	90,071		11	%
Other product revenue		9,556		7,223		32	%		17,665		14,449		22	%
Total fixed income noninterest income	$	56,241	$	47,680		18	%	$	117,860	$	104,520		13	%

Bankcard Income

Bankcard income declined 26 percent and 11 percent to $5.9 million and $11.1 million for the three and six months ended June 30, 2015, respectively, from $7.9 million and $12.4 million for the three and six months ended June 30, 2014. The decline in bankcard income was primarily the result of $2.8 million of Visa volume incentives recognized in second quarter 2014, but was somewhat mitigated by higher transaction volume in 2015 relative to the prior year.

Bank Owned Life Insurance

BOLI income was $3.4 million and $3.3 million in second quarter 2015 and 2014, respectively. For the six months ended June 30, 2015, BOLI income was $6.9 million compared to $9.3 million for the six months ended June 30, 2014. The decline in BOLI income was primarily due to the receipt of $2.8 million of policy benefits in first quarter 2014.

Mortgage Banking Noninterest Income

Mortgage banking income was $.4 million in second quarter 2015 down from $8.9 million in second quarter 2014. The decline in mortgage banking income during second quarter 2015 relative to the prior year was primarily the result of a higher mortgage warehouse valuation adjustment in 2014 due to positive fair value adjustments that reflected new information on market pricing for similar assets primarily related to the non-performing portion of the held-for-sale portfolio. During the six months ended June 30, 2015 and 2014, mortgage banking income was $2.0 million and $27.9 million, respectively. The decrease in mortgage banking income during the first half of 2015 relative to the first half of 2014 was primarily due to the receipt of approximately $20 million in previously unrecognized servicing fees in conjunction with servicing sales in first quarter 2014 coupled with the second quarter 2014 positive fair value adjustment previously mentioned. Other mortgage banking income for the six months ended June 30, 2014 also included a $2.0 million loss associated with the deconsolidation of a securitization trust.

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Securities Gains/Losses

In second quarter 2014, FHN recognized net securities losses of $1.9 million which was primarily the result of a $2.0 million negative fair value adjustment of an investment. During the six months ended June 30, 2014, FHN recognized net securities gains of $3.7 million, as the fair value adjustment previously mentioned was more than offset by a $5.6 million gain on the sale of a cost method investment in first quarter 2014. Securities gains for the three and six months ended June 30, 2015 were not material.

Other Noninterest Income

All other income and commissions was $12.4 million in second quarter 2015 compared to $9.2 million in second quarter 2014, and the increase was primarily driven by $2.9 million of gains on the sales of properties, partially offset by a decline in deferred compensation income. For the six months ended June 30, 2015 all other income and commissions was $21.9 million compared to $14.1 million for the six months ended June 30, 2014. The increase in all other income and commissions during the first half of 2015 was largely driven by a $4.4 million loss recognized in first quarter 2014 on the extinguishment of debt associated with the collapse of two HELOC securitization trusts and the $2.9 million gain on the sales of properties previously mentioned, somewhat offset by a decline in deferred compensation income. The following table provides detail regarding FHN’s other income.

Table 3 - Other Income

	Three Months Ended June 30					Six Months Ended June 30
(Dollars in thousands)	2015			2014		2015		2014
Other income:
ATM interchange fees	$	3,025		$	2,746	$	5,786	$	5,243
Letter of credit fees		1,532			1,173		2,655		2,836
Electronic banking fees		1,459			1,535		2,887		3,069
Deferred compensation (a)		(35	)		1,184		998		1,841
Gain/(loss) on repurchases of debt		—			—		—		(4,350	)
Other		6,421			2,597		9,546		5,490
Total	$	12,402		$	9,235	$	21,872	$	14,129

(a) Deferred compensation market value adjustments are mirrored to employee compensation, incentives, and benefits expense.

NONINTEREST EXPENSE

Noninterest expense was $218.4 million in second quarter 2015 compared to $163.2 million in second quarter 2014. The increase in noninterest expense during second quarter 2015 relative to the prior year is primarily the result of expense recoveries in the prior year. As previously mentioned, in second quarter 2014 FHN reached an agreement with insurance companies for the recovery of litigation losses FHN incurred in 2011 associated with the Sentinel lawsuit settlement, as well as the recovery of certain legal fees, resulting in expense recoveries of $38.6 million to losses from litigation and regulatory matters and $8.5 million to legal fees. Additionally, an increase in personnel and FDIC premium expenses also contributed to the expense increase during second quarter 2015 relative to the prior year.

For the six months ended June 30, 2015 noninterest expense was $594.6 million compared to $381.2 million for the six months ended June 30, 2014. The increase in noninterest expense was primarily the result of increases in litigation and regulatory loss accruals in the first half of 2015 related to the settlement of potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans coupled with the 2014 net expense recovery related to the Sentinel litigation matter previously mentioned. Additionally, an increase in personnel expenses also contributed to the increase in noninterest expense during the six months ended June 30, 2015, relative to the prior year.

Employee Compensation, Incentives, and Benefits

Employee compensation, incentives, and benefits (personnel expense), which is generally the largest component of noninterest expense, was $128.0 million in second quarter 2015, a 7 percent increase from $119.7 million in second quarter 2014. For the six months ended June 30, 2015, personnel expense was $259.4 million, a 9 percent increase from $238.9 million for the six months ended June 30, 2014. The increase in personnel expense during both periods was largely driven by increases in variable compensation

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associated with higher fixed income product sales revenue within FHN’s fixed income operating segment in second quarter 2015 relative to the prior year. Additionally, higher incentive income associated with loan growth, strategic hires, and retention within the regional bank also contributed to the increase in personnel expenses during the three and six months ended June 30, 2015. For the six months ended June 30, 2015, personnel expense was also negatively affected by higher pension-related expenses driven by an increase in the pension liability as a result of a decline in the discount rate and a new mortality table at the most recent measurement date, as well as several favorable adjustments recognized in the first half of 2014 related to employee performance equity awards, employee benefit plans, and deferred compensation BOLI benefits resulting in lower personnel expense.

Occupancy

Occupancy expense was $11.8 million and $11.9 million in second quarter 2015 and 2014, respectively, and $24.0 million and $29.5 million for the six months ended June 30, 2015 and 2014, respectively. The decrease for the six months ended June 30, 2015 was largely the result of $4.6 million of lease abandonment expense recognized in first quarter 2014 related to efficiency initiatives.

FDIC Premium Expense

FDIC premium expense increased $3.8 million and $3.3 million during the three and six months ended June 30, 2015 and 2014, respectively, to $5.0 million and $8.4 million. This increase was partially due to the receipt of $3.3 million of FDIC premium refunds recognized in second quarter 2014.

Legal Fees

Legal fees were $4.5 million in second quarter 2015 compared to $1.5 million in second quarter 2014 as the 2014 Sentinel-related expense recovery of $8.5 million previously mentioned more than offset a reduction in costs related to litigation matters in second quarter 2015 to second quarter 2014. Legal fees for the six months ended June 30, 2015 declined 27 percent or $2.9 million to $8.1 million from the prior year driven by a reduction in costs related to litigation matters in the first half of 2015 relative to the prior year, but partially offset by the Sentinel expense recovery recognized in second quarter 2014.

Other Noninterest Expense

All other expenses were $20.5 million in second quarter 2015 compared to a net expense recovery of $18.1 million in second quarter 2014. The net expense recoveries in 2014 are related to a $38.6 million expense recovery within losses from litigation and regulatory matters related to the Sentinel litigation matter. All other expenses were $200.5 million for the six months ended June 30, 2015 compared to $.4 million for the six months ended June 30, 2014. The increase in all other expenses for the six months ended June 30, 2015 was primarily driven by $162.5 million of net loss accruals recognized in first quarter 2015 related to the settlement of potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans coupled with the 2014 net expense recovery related to the Sentinel litigation matter previously mentioned. The following table provides detail regarding FHN’s other expense.

Table 4 - Other Expense

	Three Months Ended June 30					Six Months Ended June 30
(Dollars in thousands)	2015		2014			2015		2014
Other expense:
Other insurance and taxes	$	3,455	$	3,209		$	6,784	$	6,269
Travel and entertainment		2,632		2,645			4,246		4,469
Customer relations		1,505		1,680			2,819		2,923
Employee training and dues		1,449		1,200			2,581		2,066
Supplies		880		804			1,807		1,920
Miscellaneous loan costs		734		839			1,095		1,553
Tax credit investments		549		862			944		1,187
Litigation and regulatory matters (a)		—		(38,200	)		162,500		(38,110	)
Other		9,307		8,902			17,730		18,147
Total	$	20,511	$	(18,059	)	$	200,506	$	424

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

(a) Three and six months ended June 30, 2014, includes $38.6 million related to agreements with insurance companies for the recovery of expenses FHN incurred in connection with the Sentinel litigation matter which was settled in 2011.

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INCOME TAXES

FHN recorded an income tax provision of $21.6 million in second quarter 2015, compared to an income tax provision of $33.6 million in second quarter 2014. For the six months ended June 30, 2015, FHN recorded an income tax benefit of $.7 million compared to an income tax provision of $53.6 million for the six months ended June 30, 2014. The effective tax rates for the three months ended June 30, 2015 and 2014 were approximately 28 percent and 29 percent, respectively. For the six months ended June 30, 2015 and 2014 the effective tax rates were approximately 4 percent and 29 percent, respectively. Since pre-tax income is the most important component in determining the effective tax rate, the comparison of the tax rate from period to period, by itself, will not provide meaningful information unless pre-tax income is fairly consistent. The company’s effective tax rate is favorably affected by recurring items such as bank-owned life insurance, tax-exempt income, and credits and other tax benefits from affordable housing investments. The company’s effective tax rate also may be affected by items that may occur in any given period but are not consistent from period to period, such as changes in the deferred tax asset valuation allowance and changes in unrecognized tax benefits.

A deferred tax asset (“DTA”) or deferred tax liability (“DTL”) is recognized for the tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax consequence is calculated by applying enacted statutory tax rates, applicable to future years, to these temporary differences. As of June 30, 2015, FHN’s gross DTA (net of a valuation allowance) and gross DTL were $346.8 million and $86.2 million, respectively, resulting in a net DTA of $260.6 million at June 30, 2015, compared with $220.7 million at June 30, 2014.

In order to support the recognition of the DTA, FHN’s management must conclude that the realization of the DTA is more likely than not. FHN evaluates the likelihood of realization of the DTA based on both positive and negative evidence available at the time, including (as appropriate) scheduled reversals of DTLs, projected future taxable income, tax planning strategies, and recent financial performance. Realization is dependent on generating sufficient taxable income prior to the expiration of the carryforwards attributable to the DTA. In projecting future taxable income, FHN incorporates assumptions including the amount of future state and federal pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates used to manage the underlying business.

As of June 30, 2015, FHN had federal tax credit carryforwards which will expire in varying amounts between 2031 and 2034, state income tax net operating loss (“NOL”) carryforwards which will expire in varying amounts between 2016 and 2032, and federal capital loss carryforwards, which will expire in 2017. As of June 30, 2015 and 2014, FHN established a valuation allowance of $.1 million and $5.9 million, respectively, against its state NOL carryforwards and $41.9 million and $47.6 million, respectively, against its capital loss carryforwards. FHN’s DTA after valuation allowance was $346.8 million and $325.5 million as of June 30, 2015 and 2014, respectively. Based on current analysis, FHN believes that its ability to realize the remaining DTA is more likely than not. FHN monitors its DTA and the need for a valuation allowance on a quarterly basis. A significant adverse change in FHN’s taxable earnings outlook could result in the need for further valuation allowances. In the event FHN is able to determine that the deferred tax assets are realizable in the future in excess of their net recorded amount, FHN would make an adjustment to the valuation allowance, which would reduce the provision for income taxes.

Changes in tax laws and rates could also affect recorded DTAs and DTLs in the future. Management is not aware of the enactment of any such changes that would have a material effect on the company’s results of operations, cash flows or financial position.

STATEMENT OF CONDITION REVIEW

Total period-end assets were $25.2 billion on June 30, 2015, compared to $24.2 billion on June 30, 2014 and $25.7 billion on December 31, 2014. Average assets increased to $25.4 billion in second quarter 2015 from $23.6 billion in second quarter 2014 and $24.6 billion in fourth quarter 2014. The increase in average assets compared to second quarter 2014 is primarily attributable to increases in loan balances and other earning assets, somewhat offset by a decline in loans HFS. The increase in period-end assets relative to June 30, 2014 was driven by increases in loan balances and securities purchased under agreements to resell, partially offset by a decline in loans HFS. Period-end assets decreased relative to December 31, 2014 driven by a decline in interest-bearing cash, somewhat offset by increases in loans and securities purchased under agreements to resell.

EARNING ASSETS

Earning assets consist of loans, investment securities, other earning assets such as trading securities, interest-bearing cash, and loans HFS. Average earning assets increased to $23.2 billion in 2015 from $21.5 billion a year earlier and increased $.8 billion from fourth quarter 2014. A more detailed discussion of the major line items follows. Unless otherwise indicated, references below to balances for 2015 or 2014 refer to period-end balances at June 30, 2015 or June 30, 2014, respectively, or average balances for the second quarter of 2015 or 2014.

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Loans

Period-end loans increased to $16.9 billion as of June 30, 2015 from $15.8 billion on June 30, 2014. Average loans for 2015 were $16.8 billion compared to $15.4 billion for 2014. The increase in average and period-end loan balances was primarily due to loan growth within the regional bank’s commercial portfolios, partially offset by balance declines within FHN’s run-off portfolios within the non-strategic segment.

Table 5 - Average Loans

	Quarter Ended June 30, 2015					Quarter Ended June 30, 2014					Quarter Ended December 31, 2014
			Percent					Percent					Percent			2Q15 changes vs
(Dollars in thousands)	Amount		of total			Amount		of total			Amount		of total			2Q14			4Q14
Commercial:
Commercial, financial, and industrial	$	9,675,107		58	%	$	7,994,788		52	%	$	8,584,065		54	%		21	%		13	%
Commercial real estate		1,371,207		8			1,203,631		8			1,287,816		8			14	%		6	%
Total commercial		11,046,314		66			9,198,419		60			9,871,881		62			20	%		12	%
Retail:
Consumer real estate (a)		4,893,285		29			5,230,107		34			5,087,104		32			(6	)%		(4	)%
Permanent mortgage		500,093		3			607,296		4			552,065		4			(18	)%		(9	)%
Credit card, OTC and other		350,247		2			345,748		2			357,321		2			1	%		(2	)%
Total retail		5,743,625		34			6,183,151		40			5,996,490		38			(7	)%		(4	)%
Total loans, net of unearned	$	16,789,939		100	%	$	15,381,570		100	%	$	15,868,371		100	%		9	%		6	%

(a) Balance as of June 30, 2015 and 2014, and December 31, 2014 include $69.2 million, $85.4 million, and $79.2 million of restricted loans, respectively.

C&I loans are the largest component of the commercial portfolio comprising 88 percent and 87 percent of average commercial loans in second quarter 2015 and 2014, respectively. C&I loans increased 21 percent, or $1.7 billion, from 2014 due to an increase in the average balance of loans to mortgage companies coupled with net loan growth within the regional bank’s general commercial portfolio and an increase in asset-based lending. Commercial real estate loans increased 14 percent or $167.6 million to $1.4 billion in 2015 because of growth in expansion markets and opportunities with new and existing customers within the regional bank.

Average retail loans declined 7 percent, or $439.5 million, from a year ago to $5.7 billion in 2015. The consumer real estate portfolio (home equity lines and installment loans) declined $336.8 million, to $4.9 billion as the continued wind-down of portfolios within the non-strategic segment outpaced a $176.6 million increase in real estate installment loans from new originations within the regional bank. The permanent mortgage portfolio declined $107.2 million to $500.1 million in 2015 largely driven by run-off of the legacy assets. Credit Card and Other increased $4.5 million to $350.2 million in 2015.

Investment Securities

FHN’s investment portfolio consists principally of debt securities including government agency issued mortgage-backed securities (“MBS”) and government agency issued collateralized mortgage obligations (“CMO”), substantially all of which are classified as available-for-sale (“AFS”). FHN utilizes the securities portfolio as a source of income, liquidity and collateral for repurchase agreements, for public funds, and as a tool for managing risk of interest rate movements. Period-end investment securities increased 2 percent from $3.6 billion on June 30, 2014 to $3.7 billion on June 30, 2015. Average investment securities were $3.7 billion in 2015 and $3.6 billion in 2014, representing 16 percent of earning assets in 2015 compared to 17 percent in 2014. The amount of securities purchased for the investment portfolio is largely driven by the desire to protect the value of non-rate sensitive liabilities and equity and maximize yield on FHN’s excess liquidity without negatively affecting future yields while operating in this historically low interest rate environment.

Loans Held-for-Sale

Loans HFS consists of the mortgage warehouse (primarily repurchased government-guaranteed loans), student, small business (prior to second quarter 2015), and home equity loans. The average balance of loans HFS decreased $226.3 million from 2014 and averaged

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$129.5 million in 2015. On June 30, 2015 and 2014, loans HFS were $127.2 million and $358.9 million, respectively. The lower balances of both average and period-end loans HFS reflect the third quarter 2014 sales of loans with approximately $315 million in unpaid principal balance.

Other Earning Assets

All other earning assets include trading securities, securities purchased under agreements to resell, federal funds sold (“FFS”), and interest-bearing deposits with the Federal Reserve Bank (“FRB”) and other financial institutions. All other earning assets averaged $2.6 billion in 2015, a $445.1 million increase from $2.2 billion in 2014. The increase was largely the result of a $244.7 million and $96.1 million increase in trading securities and securities purchased under agreements to resell (“asset repos”), respectively. Fixed income’s trading inventory fluctuates daily based on customer demand. Asset repos are used in fixed income trading activity and generally correlate with the level of fixed income trading liabilities (short-positions) as securities collateral from repo transactions is used to fulfill trades. Additionally a $101.9 million increase in interest-bearing cash also contributed to the year over year increase. Other earning assets averaged $2.9 billion during fourth quarter 2014. The decline in other earning assets from fourth quarter 2014 was primarily driven by a $546.4 million decrease in interest bearing cash which was largely used to fund loans to mortgage companies. All other earning assets were $2.4 billion and $2.1 billion on June 30, 2015 and 2014, respectively, and $3.5 billion on December 31, 2014. The spike in other earning assets on December 31, 2014 was driven by an inflow of customer deposits and proceeds from the issuance of senior notes.

Non-earning assets

Non-earning assets averaged $2.2 billion in second quarters 2015 and 2014. Period-end balances were $2.2 billion and $2.4 billion on June 30, 2015 and 2014, respectively. The decline in period-end non-earning assets is primarily due to declines in cash, fixed income receivables, derivative assets, and premises and equipment.

Core Deposits

Average core deposits were $18.1 billion during second quarter 2015, up 16 percent from $15.6 billion during second quarter 2014. The increase in average core deposits was primarily driven by FHN’s decision to increase deposits in a third party network deposits sweep program, as well as a new product offering within correspondent banking, the addition of approximately $440 million of deposits associated with the fourth quarter 2014 branch acquisition, and an increase in commercial customer deposits and public funds. The third party deposits program is an FDIC-insured deposit sweep program where financial institutions can receive unsecured deposits for the long-term (several years) and in larger-dollar increments. The new product offering within correspondent banking previously mentioned resulted in a shift in funding from federal funds purchased (“FFP”). Period-end core deposits were $18.3 billion on June 30, 2015, up 17 percent from $15.7 billion on June 30, 2014, driven by the same factors that affected average balances, with the exception of public funds which was relatively flat on June 30, 2015 and 2014.

Short-Term Funds

Average short-term funds (certificates of deposit greater than $100,000, FFP, securities sold under agreements to repurchase, trading liabilities, and other short-term borrowings) decreased 28 percent to $2.3 billion in second quarter 2015 from $3.3 billion in second quarter 2014. The decrease was primarily driven by declines in FFP and other short-term borrowings. Average FFP, which currently is composed primarily of funds from correspondent banks, was $.6 billion in second quarter 2015 compared to $1.1 billion in second quarter 2014. FFP fluctuates depending on the amount of excess funding of FHN’s correspondent bank customers, and the decrease between second quarter 2015 and 2014 was also affected by a new product offering introduced in late fourth quarter 2014 in correspondent banking that resulted in a shift of funds from FFP to deposits. The decline in other short-term borrowings was due to higher FHLB borrowings in second quarter 2014 as a result of loan growth and deposit fluctuations. Loan growth in 2015 was largely funded with deposits. On average, short-term purchased funds accounted for 11 percent of FHN’s funding (core deposits plus short-term purchased funds and term borrowings) in second quarter 2015 compared to 16 percent in second quarter 2014. Period-end short-term funds decreased $1.6 billion from $3.7 billion on June 30, 2014 to $2.2 billion on June 30, 2015. The decrease in period-end balances was largely driven by a reduction of FHLB borrowings and FFP which resulted from the shift in funding previously mentioned.

Term Borrowings

Term borrowings include senior and subordinated borrowings with original maturities greater than one year. Average term borrowings were $1.6 billion in second quarter 2015 compared to $1.5 billion in second quarter 2014. The increase in average term borrowings primarily relates to the issuance of $400 million of senior notes in fourth quarter 2014, partially offset by $304 million of subordinated notes that matured during first quarter 2015. Term borrowings were $1.6 billion and $1.5 billion on June 30, 2015 and 2014, respectively.

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Other Liabilities

Average other liabilities increased $140.5 million from second quarter 2014 to $846.1 million in second quarter 2015. The increase was primarily driven by an increase in net pension funding status driven by a change in the discount rate and a new mortality table at the most recent measurement date as well as the litigation accrual related to the DOJ/HUD settlement for potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans, partially offset by declines in the repurchase and foreclosure reserve and derivative liabilities. The decline in the repurchase and foreclosure reserve was driven by payments related to the settlement with the Federal Home Loan Mortgage Corporation (“FHLMC”, “Freddie Mac”, or “Freddie”) and net losses charged against the liability since second quarter 2014. Period-end other liabilities were $738.2 million on June 30, 2015 compared to $741.5 million on June 30, 2014, as the increase in net pension funding status was offset by decreases in fixed income payables, derivative liabilities, and the repurchase and foreclosure reserve from a year earlier. The DOJ/HUD litigation accrual that impacted the average balance did not affect the period-end balances due to the timing of the settlement payment in second quarter 2015.

CAPITAL

Management’s objectives are to provide capital sufficient to cover the risks inherent in FHN’s businesses, to maintain excess capital to well-capitalized standards, and to assure ready access to the capital markets. Average equity was $2.5 billion in second quarter 2015 compared to $2.6 billion in second quarter 2014. The decrease in equity was primarily driven by an increase in the effects of net pension funding status within other comprehensive income largely due to a decline in the discount rate as of the most recent measurement date (December 31, 2014), as well as decreases in capital surplus and common stock because of shares that were purchased under the 2014 share repurchase program mentioned below. These decreases were somewhat offset by the impact of net income recognized since second quarter 2014 on retained earnings and an increase in unrealized gains associated with the AFS securities portfolio within accumulated other comprehensive income. Period-end equity was $2.5 billion in second quarter 2015 compared to $2.6 billion in second quarter 2014. The factors affecting average equity previously mentioned also drove the decline in period-end equity balances; however, the impact of increases in unrealized gains associated with the AFS securities portfolio within other comprehensive income was significantly less on a period-end basis.

In January 2014, FHN’s board of directors approved a share repurchase program which enables FHN to repurchase its common stock in the open market or in privately negotiated transactions, subject to certain conditions. In July 2015 the board increased and extended that program. The current program authorizes total purchases of up to $200 million and expires on January 31, 2017. During second quarter 2015, FHN did not repurchase any shares under this authorization due to restrictions related to the pending acquisition of TrustAtlantic Financial. Total purchases under this program through June 30, 2015 were $54.3 million.

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The following tables provide a reconciliation of Shareholders’ equity from the Consolidated Condensed Statements of Condition to Common Equity Tier 1, Tier 1 and Total Regulatory Capital as well as certain selected capital ratios:

Table 6 - Regulatory Capital and Ratios

(Dollars in thousands)	June 30, 2015			June 30, 2014			December 31, 2014
Shareholders’ equity (a)	$	2,222,474		$	2,330,720		$	2,295,537
FHN Non-cumulative perpetual preferred		(95,624	)		(95,624	)		(95,624	)
Common equity	$	2,126,850		$	2,235,096		$	2,199,913
Regulatory adjustments:
Goodwill and other intangibles		(122,100	)		(129,741	)		(141,831	)
Net unrealized (gains)/losses on securities		(16,633	)		(15,601	)		(18,651	)
Minimum pension liability		204,733			137,707			206,827
Disallowed servicing assets		—			(277	)		(225	)
Disallowed deferred tax assets		(20,082	)		(65,582	)		(22,862	)
Common equity tier 1 (b)	$	2,172,768
FHN Non-cumulative perpetual preferred		95,624			95,624			95,624
Qualifying noncontrolling interest - FTBNA preferred stock (c)		252,926			294,816			294,816
Qualifying trust preferred (d)		50,000			200,000			200,000
Other deductions from tier 1 (e)		(70,706	)		(109	)		(108	)
Tier 1 capital	$	2,500,612		$	2,751,933		$	2,813,503
Tier 2 capital (d)		421,970			340,279			334,833
Total regulatory capital	$	2,922,582		$	3,092,212		$	3,148,336

	June 30, 2015					June 30, 2014					December 31, 2014
	Ratio			Amount		Ratio			Amount		Ratio			Amount
Common Equity Tier 1 (b)
First Horizon National Corporation		10.41	%	$	2,172,768		N/A			N/A		N/A			N/A
First Tennessee Bank National Association (f)		12.00			2,429,076		N/A			N/A		N/A			N/A
Tier 1
First Horizon National Corporation		11.98			2,500,612		14.19	%	$	2,751,933		14.46	%	$	2,813,503
First Tennessee Bank National Association (f)		13.18			2,669,374		16.50			3,175,899		16.12			3,107,407
Total
First Horizon National Corporation		14.00			2,922,582		15.94			3,092,212		16.18			3,148,336
First Tennessee Bank National Association (f)		14.44			2,923,930		18.26			3,514,246		17.86			3,441,315
Tier 1 Common (g)
First Horizon National Corporation		N/A			N/A		11.14			2,161,493		11.43			2,223,063

(a) For regulatory purposes, Shareholders’ equity balances are shown as originally reported.

(b) Common equity tier 1 is a measure of a company’s capital position under U.S Basel III capital rules and was first applicable to FHN in 2015.

(c) Beginning in 2015, a portion of the FTBNA preferred stock (noncontrolling interest) is disallowed from Tier 1 capital at the consolidated level based on the relative percentage it represents of FTBNA’s excess capital as defined by the Basel III regulations. At June 30, 2015, $41.9 million of the FTBNA’s preferred stock did not qualify as Tier 1 capital for FHNC.

(d) Under Basel III, FHN’s trust preferred securities began phasing out of Tier 1 capital in 2015. At June 30, 2015, $50 million of FHN’s outstanding trust preferred securities qualified as Tier 1 capital and the remaining $150 million qualified as Tier 2 capital. In 2014, all $200 million of FHN’s trust preferred securities qualified as Tier 1 capital. In late July FHN issued notice to call its junior subordinated debt with a redemption date of August 21, 2015, which triggered a call of the trust preferred securities.

(e) Beginning in 2015, includes additional disallowances under Basel III not present in 2014, including additional DTA disallowances as well as disallowances for investments in the capital of other financial institutions, including our TRUPS loans, which exceed 10 percent of Common equity tier 1.

(f) June 30, 2015 ratios and amounts for FTBNA are reported excluding financial subsidiaries, while for the 2014 periods they are reported on a consolidated basis. Excluding financial subsidiaries, FTBNA’s Tier 1 and Total capital ratios were 15.77 percent and 16.59 percent, respectively, at December 31, 2014 and 16.20 percent and 17.04 percent, respectively, at June 30, 2014.

(g) Tier 1 Common is a non-GAAP measure of a company’s capital position associated with U.S. capital rules applicable to FHN prior to 2015. Refer to the Non-GAAP to GAAP Reconciliation – Table 25.

Banking regulators define minimum capital ratios for bank holding companies and their bank subsidiaries. Based on the capital rules and definitions prescribed by the banking regulators, should any depository institution’s capital ratios decline below predetermined

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levels, it would become subject to a series of increasingly restrictive regulatory actions. The system categorizes a depository institution’s capital position into one of five categories ranging from well-capitalized to critically under-capitalized. In first quarter 2015, for an institution the size of FHN to qualify as well-capitalized, Common Equity Tier 1, Tier 1 Capital, Total Capital, and Leverage capital ratios must be at least 6.5 percent, 8 percent, 10 percent, and 5 percent, respectively. As of June 30, 2015, FHN and FTBNA had sufficient capital to qualify as well-capitalized institutions. The Basel III risk-based capital regulations became effective January 1, 2015 for FHN and FTBNA. Capital ratios decreased in 2015 relative to 2014 due to the implementation of the Basel III regulations, the impact of net income/(loss) less dividends and share repurchases on retained earnings and increases in risk-weighted assets from growth in earning assets. Through the remainder of 2015, capital ratios are expected to remain significantly above well-capitalized standards.

Pursuant to board authority, FHN may repurchase shares of its common stock from time to time and will evaluate the level of capital and take action designed to generate or use capital, as appropriate, for the interests of the shareholders, subject to legal and regulatory restrictions. FHN’s board has not authorized a preferred stock purchase program. The following tables provide information related to securities repurchased by FHN during second quarter 2015:

Table 7 - Issuer Purchases of Common Stock

Compensation Plan-Related Repurchase Authority:

(Volume in thousands, except per share data)	Total number of shares purchased		Average price paid per share		Total number of shares purchased as part of publicly announced programs		Maximum number of shares that may yet be purchased under the programs
2015
April 1 to April 30		107	$	14.26		107		31,159
May 1 to May 31		121	$	14.38		121		31,038
June 1 to June 30		—		N/A		—		31,038
Total		228	$	14.32		228

Compensation Plan Programs:

• A consolidated compensation plan share purchase program was announced on August 6, 2004. This action consolidated into a single share purchase program all of the previously authorized compensation plan share programs as well as the renewal of the authorization to purchase shares for use in connection with two compensation plans for which the share purchase authority had expired. The total amount authorized under this consolidated compensation plan share purchase program, inclusive of a program amendment on April 24, 2006, is 29.6 million shares calculated before adjusting for stock dividends distributed through January 1, 2011. The authorization has been reduced for that portion which relates to compensation plans for which no options remain outstanding. The shares may be purchased over the option exercise period of the various compensation plans on or before December 31, 2023. On June 30, 2015, the maximum number of shares that may be purchased under the program was 31.0 million shares. Purchases may be made in the open market or through privately negotiated transactions and are subject to market conditions, accumulation of excess equity, prudent capital management, and legal and regulatory restrictions. Management currently does not anticipate purchasing a material number of shares under this authority during 2015.

Other Repurchase Authority:

(Dollar values and volume in thousands, except per share data)	Total number of shares purchased		Average price paid per share		Total number of shares purchased as part of publicly announced programs		Maximum approximate dollar value that may yet be purchased under the programs
2015
April 1 to April 30		—		N/A		—	$	45,707
May 1 to May 31		—		N/A		—	$	45,707
June 1 to June 30		—		N/A		—	$	45,707
Total		—		N/A		—

Other Programs:

• On January 22, 2014, FHN announced a $100 million share purchase authority with an expiration date of January 31, 2016. On July 21, 2015, FHN announced a $100 million increase in that authority along with an extension of the expiration date to January 31, 2017. As of June 30, 2015, $54.3 million in purchases had been made under this $200 million authority at an average price per share of $12.81, $12.79 excluding commissions. Purchases may be made in the open market or through privately negotiated transactions and will be subject to market conditions, accumulation of excess equity, prudent capital management, and legal and regulatory restrictions.

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ASSET QUALITY - TREND ANALYSIS OF SECOND QUARTER 2015 COMPARED TO SECOND QUARTER 2014

Loan Portfolio Composition

FHN groups its loans into portfolio segments based on internal classifications reflecting the manner in which the ALLL is established and how credit risk is measured, monitored, and reported. From time to time, and if conditions are such that certain subsegments are uniquely affected by economic or market conditions or are experiencing greater deterioration than other components of the loan portfolio, management may determine the ALLL at a more granular level. Commercial loans are composed of commercial, financial, and industrial (“C&I”) and commercial real estate (“CRE”). Retail loans are composed of consumer real estate; permanent mortgage; and credit card and other. FHN has a concentration of residential real estate loans (32 percent of total loans), the majority of which is in the consumer real estate portfolio (29 percent of total loans). Industry concentrations are discussed under the heading C&I below. Consolidated key asset quality metrics for each of these portfolios can be found in Table 15 – Asset Quality by Portfolio.

As economic and real estate conditions develop, enhancements to underwriting and credit policies and guidelines may be necessary or desirable. Credit underwriting guidelines are outlined in Exhibit 13 to FHN’s 2014 Annual Report on Form 10-K in the Loan Portfolio Composition discussion in the Asset Quality Section beginning on page 26 and continuing to page 32. There have been no material changes to FHN’s credit underwriting guidelines or significant changes or additions to FHN’s loan product offerings in 2015.

The following is a description of each portfolio:

COMMERCIAL LOAN PORTFOLIOS

C&I

The C&I portfolio was $9.8 billion on June 30, 2015, and is comprised of loans used for general business purposes and primarily composed of relationship customers in Tennessee and other selected markets that are managed within the regional bank. Typical products include working capital lines of credit, term loan financing of owner-occupied real estate and fixed assets, and trade credit enhancement through letters of credit.

The following table provides the composition of the C&I portfolio by industry as of June 30, 2015 and 2014. For purposes of this disclosure, industries are determined based on the North American Industry Classification System (“NAICS”) industry codes used by Federal statistical agencies in classifying business establishments for the collection, analysis, and publication of statistical data related to the U.S. business economy.

Table 8 - C&I Loan Portfolio by Industry

	June 30, 2015					June 30, 2014
(Dollars in thousands)	Amount		Percent			Amount		Percent
Industry:
Finance & insurance	$	2,090,227		21	%	$	1,739,549		21	%
Loans to mortgage companies		1,799,665		18			1,101,282		13
Wholesale trade		796,378		8			742,975		9
Healthcare		767,977		8			763,209		9
Manufacturing		674,493		7			667,965		8
Public Administration		560,157		6			460,409		5
Real estate rental & leasing (a)		543,042		5			513,929		6
Retail trade		468,993		5			476,377		6
Other (transportation, education, arts, entertainment, etc) (b)		2,131,631		22			1,937,141		23
Total C&I loan portfolio	$	9,832,563		100	%	$	8,402,836		100	%

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

(a) Leasing, rental of real estate, equipment, and goods.

(b) Industries in this category each comprise less than 5 percent for 2015 and 2014.

As of June 30, 2015, finance and insurance, the largest component, represents 21 percent of the C&I portfolio. The balances of loans to mortgage companies were 18 percent of the C&I portfolio as of June 30, 2015, as compared to 13 percent of the C&I portfolio in 2014, and include balances related to both home purchase and refinance activity. This portfolio class, which generally fluctuates with mortgage rates and seasonal factors, includes commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Generally, lending to mortgage lenders increases when there is a decline in mortgage rates and decreases when rates rise. Significant loan concentrations are considered to exist for a financial institution when there are loans to numerous borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. Thirty-nine percent of FHN’s C&I portfolio (Finance and Insurance plus Loans to Mortgage Companies) could be affected by items that uniquely impact the financial services industry. Except as discussed under “Finance and Insurance”, on June 30, 2015, FHN did not have any other concentrations of C&I loans in any single industry of 10 percent or more of total loans.

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Finance and Insurance

The finance and insurance component of the C&I portfolio includes TRUPS (i.e., long-term unsecured loans to bank and insurance-related businesses), loans to bank holding companies, and asset-based lending to consumer finance companies. The TRUPS portfolio has been stressed over the last few years but has seen the stronger borrowers stabilize as there have been upgrades within the TRUPS and bank stock portfolio and also favorable resolutions. Finance and Insurance also includes approximately $988 million of asset-based lending to consumer financing companies which have accounted for the growth in the finance and insurance component in 2015.

TRUPS lending was originally extended as a form of “bridge” financing to participants in the pooled trust preferred securitization program offered primarily to smaller banking (generally less than $15 billion in total assets) and insurance institutions through FHN’s fixed income business. Origination of TRUPS lending ceased in early 2008. Individual TRUPS are re-graded at least quarterly as part of FHN’s commercial loan review process. Typically, the terms of these loans include a prepayment option after a 5 year initial term (with possible triggers of early activation), have a scheduled 30 year balloon payoff, and include an option to defer interest for up to 20 consecutive quarters. As of June 30, 2015, two TRUPS relationships were on interest deferral compared to one TRUPS relationship on interest deferral as of June 30, 2014.

As of June 30, 2015, the unpaid principal balance (“UPB”) of trust preferred loans totaled $344.3 million ($208.1 million of bank TRUPS and $136.3 million of insurance TRUPS) with the UPB of other bank-related loans totaling $84.2 million. Inclusive of a remaining lower of cost or market (“LOCOM”) valuation allowance on TRUPS of $26.2 million, total reserves (ALLL plus the LOCOM) for TRUPS and other bank-related loans were $31.1 million or 7 percent of outstanding UPB.

C&I Asset Quality Trends

During second quarter 2015, performance of the C&I portfolio continued to improve, with a positive shift in the risk rating assignments and improvement in asset quality. The C&I ALLL increased by $10.2 million from June 30, 2014 to $78.8 million as of June 30, 2015, driven by loan growth, a continued extension of the loss emergence period in the regional banking segment and increased reserves resulting from borrower fraud associated with a single larger credit in the regional banking segment. The allowance as a percentage of period-end loans declined to .80 percent as of June 30, 2015 from .82 percent as of June 30, 2014. Net charge-offs were $4.1 million in second quarter 2015 compared to $3.9 million in second quarter 2014. Annualized net charge-offs as a percentage of average loans decreased from .20 percent in second quarter 2014 to .17 percent in second quarter 2015. The allowance was 4.85 times annualized net charge-offs in second quarter 2015 compared to 4.35 times in second quarter 2014. Nonperforming C&I loans decreased $4.8 million from June 30, 2014 to $43.6 million on June 30, 2015. Regional bank nonperforming C&I loans decreased $15.5 million from second quarter 2014 to second quarter 2015 which was partially offset by a $10.7 million increase from second quarter 2014 to second quarter 2015 in non-strategic nonperforming C&I loans because of a TRUPS credit that elected interest deferral in third quarter 2014. The nonperforming loan (“NPL”) ratio decreased 14 basis points from June 30, 2014 to .44 percent as of June 30, 2015. The following table shows C&I asset quality trends by segment.

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Table 9 - C&I Asset Quality Trends by Segment

	June 30, 2015
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	9,398,382		$	434,181		$	9,832,563
Nonperforming loans		30,231			13,342			43,573
Allowance for loan losses as of April 1, 2015		62,716			4,936			67,652
Charge-offs		(4,976	)		—			(4,976	)
Recoveries		889			37			926
Provision/(provision credit) for loan losses		14,779			369			15,148
Allowance for loan losses as of June 30, 2015		73,408			5,342			78,750
Troubled debt restructurings	$	22,606		$	—		$	22,606
30+ Delinq. % (a)		0.08	%		0.02	%		0.08	%
NPL %		0.32			3.07			0.44
Net charge-offs % (qtr. annualized)		0.18			NM			0.17
Allowance / loans %		0.78	%		1.23	%		0.80	%
Allowance / charge-offs		4.48x			NM			4.85x
	June 30, 2014
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	7,946,650		$	456,186		$	8,402,836
Nonperforming loans		45,692			2,657			48,349
Allowance for loan losses as of April 1, 2014		67,984			4,748			72,732
Charge-offs		(2,884	)		(2,565	)		(5,449	)
Recoveries		1,236			281			1,517
Provision/(provision credit) for loan losses		507			(716	)		(209	)
Allowance for loan losses as of June 30, 2014		66,843			1,748			68,591
Troubled debt restructurings	$	26,713		$	—		$	26,713
30+ Delinq. % (a)		0.20	%		0.02	%		0.19	%
NPL %		0.57			0.58			0.58
Net charge-offs % (qtr. annualized)		0.09			1.99			0.20
Allowance / loans %		0.84	%		0.38	%		0.82	%
Allowance / charge-offs		10.12x			0.19x			4.35x

NM - Not meaningful

Loans are expressed net of unearned income.

(a) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

Commercial Real Estate

The CRE portfolio was $1.4 billion on June 30, 2015. The CRE portfolio includes both financings for commercial construction and nonconstruction loans. This portfolio is segregated between the income-producing CRE class which contains loans, lines, and letters of credit to commercial real estate developers for the construction and mini-permanent financing of income-producing real estate, and the residential CRE class. Subcategories of income CRE consist of multi-family (32 percent), retail (24 percent), office (13 percent), industrial (11 percent), hospitality (11 percent), land/land development (3 percent), and other (6 percent). Nearly all of the income CRE class was originated through and continues to be managed by the regional bank.

The residential CRE class includes loans to residential builders and developers for the purpose of constructing single-family homes, condominiums, and town homes. Active residential CRE lending within the regional banking footprint is minimal with nearly all new originations limited to tactical advances to facilitate workout strategies with existing clients and selected new transactions with “strategic” clients. FHN considers a “strategic” residential CRE borrower as a homebuilder within the regional banking footprint who remained profitable during the down cycle.

CRE Asset Quality Trends

The CRE portfolio continued to show improvement in second quarter 2015. Total CRE loans increased $169.2 million or 14 percent from second quarter 2014 to second quarter 2015. The allowance increased $5.7 million from second quarter 2014 to $21.5 million in second quarter 2015. The increase in allowance is attributable to the regional bank and is primarily driven by loan growth and a

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continued extension of the loss emergence period. Allowance as a percentage of loans increased 25 basis points from second quarter 2014 to 1.53 percent as of June 30, 2015. Net charge-offs were $.7 million in second quarter 2015 compared to a net recovery of $1.0 million in second quarter 2014. Nonperforming loans within the CRE portfolio improved 30 basis points from second quarter 2014 to .84 percent as of June 30, 2015. Accruing delinquencies as a percentage of period-end loans improved 87 basis points from June 30, 2014 to .23 percent as of June 30, 2015. The following table shows commercial real estate asset quality trends by segment.

Table 10 - Commercial Real Estate Asset Quality Trends by Segment

	June 30, 2015
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	1,400,354		$	361		$	1,400,715
Nonperforming loans		11,746			—			11,746
Allowance for loan losses as of April 1, 2015		17,609			56			17,665
Charge-offs		(888	)		—			(888	)
Recoveries		147			6			153
Provision/(provision credit) for loan losses		4,597			(35	)		4,562
Allowance for loan losses as of June 30, 2015		21,465			27			21,492
Troubled debt restructurings	$	8,306		$	—		$	8,306
30+ Delinq. % (a)		0.23	%		—	%		0.23	%
NPL %		0.84			—			0.84
Net charge-offs % (qtr. annualized)		0.22			NM			0.22
Allowance / loans %		1.53	%		7.36	%		1.53	%
Allowance / charge-offs		7.22x			NM			7.29x
	June 30, 2014
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	1,226,495		$	5,018		$	1,231,513
Nonperforming loans		13,009			971			13,980
Allowance for loan losses as of April 1, 2014		14,993			530			15,523
Charge-offs		(595	)		(152	)		(747	)
Recoveries		1,506			226			1,732
Provision/(provision credit) for loan losses		(558	)		(129	)		(687	)
Allowance for loan losses as of June 30, 2014		15,346			475			15,821
Troubled debt restructurings	$	23,385		$	3,938		$	27,323
30+ Delinq. % (a)		1.10	%		—	%		1.10	%
NPL %		1.06			19.34			1.14
Net charge-offs % (qtr. annualized)		NM			NM			NM
Allowance / loans %		1.25	%		9.41	%		1.28	%
Allowance / charge-offs		NM			NM			NM

NM - Not meaningful

Loans are expressed net of unearned income.

(a) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

RETAIL LOAN PORTFOLIOS

Consumer Real Estate

The consumer real estate portfolio was $4.9 billion on June 30, 2015, and is primarily composed of home equity lines and installment loans including restricted balances (loans consolidated per amendments to ASC 810). The largest geographical concentrations of balances as of June 30, 2015, are in Tennessee (61 percent) and California (8 percent) with no other state representing more than 3 percent of the portfolio. As of June 30, 2015, approximately 59 percent of the consumer real estate portfolio was in a first lien position. At origination, weighted average FICO score of this portfolio was 746 and refreshed FICO scores averaged 741 as of June 30, 2015, as compared to 743 and 736, respectively, as of June 30, 2014. Generally, performance of this portfolio is affected by life events that affect borrowers’ finances, the level of unemployment, and home prices.

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HELOCs comprise $2.3 billion of the consumer real estate portfolio as of June 30, 2015. FHN’s HELOCs typically have a 5 or 10 year draw period followed by a 15 or 10 year repayment period, respectively. During the draw period, a borrower is able to draw on the line and is only required to make interest payments. The line is automatically frozen if a borrower becomes 45 days or more past due on payments. Once the draw period has concluded, the line is closed and the borrower is required to make both principal and interest payments monthly until the loan matures. The principal payment generally is fully amortizing, but payment amounts will adjust when variable rates reset to reflect changes in the prime rate.

As of June 30, 2015, approximately 70 percent of FHN’s HELOCs are in the draw period, compared to 75 percent as of June 30, 2014. Based on when draw periods are scheduled to end per the line agreement, it is expected that $1.0 billion, or 66 percent of HELOCs currently in the draw period, will have entered the repayment period during the next 60 months. Delinquencies and charge-off rates for HELOCs that have entered the repayment period are initially higher than HELOCs still in the draw period because of the increased minimum payment requirement; however, after some seasoning, performance of these loans begins to stabilize. The home equity lines of the consumer real estate portfolio are being monitored closely for those nearing the end of the draw period and borrowers are being contacted proactively early in the process. The following table shows the HELOCs currently in the draw period and expected timing of conversion to the repayment period.

Table 11 - HELOC Draw To Repayment Schedule

	June 30, 2015					June 30, 2014
(Dollars in thousands)	Repayment Amount		Percent			Repayment Amount		Percent
Months remaining in draw period:
0-12	$	329,518		21	%	$	338,143		17	%
13-24		269,846		17			361,552		18
25-36		240,316		15			307,794		15
37-48		119,295		8			279,131		14
49-60		78,499		5			134,611		7
>60		544,831		34			588,425		29
Total	$	1,582,305		100	%	$	2,009,656		100	%

Consumer Real Estate Asset Quality Trends

Overall, performance of the consumer real estate portfolio improved in second quarter 2015 when compared with second quarter 2014. The ALLL decreased $32.6 million from second quarter 2014 to $85.5 million as of June 30, 2015, with 77 percent of the decline attributable to the non-strategic segment. The allowance as a percentage of loans was 1.75 percent of loans as of June 30, 2015 compared to 2.26 percent as of June 30, 2014. The 51 basis point decline in the allowance as a percentage of loans from second quarter 2014 to second quarter 2015 is the result of sustained levels of low net charge offs, continued stabilization of property values and continued run-off in the non-strategic segment of the consumer real estate portfolio. The balance of nonperforming loans was $114.5 million and $130.9 million as of June 30, 2015 and 2014, respectively, and the decrease was largely related to both improvement and run-off in the non-strategic segment of the portfolio. Loans delinquent 30 or more days and still accruing declined $2.7 million from June 30, 2014 to $45.9 million as of June 30, 2015. A net recovery of $.9 million was recognized in second quarter 2015 compared to a net charge-off of $2.6 million in second quarter 2014. The improvement in net charge-offs is the result of improved borrower performance as well as stronger underlying collateral values and enhanced recovery efforts. The following table shows consumer real estate asset quality trends by segment.

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Table 12 - Consumer Real Estate Asset Quality Trends by Segment

	June 30, 2015
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	3,412,626		$	1,457,645		$	4,870,271
Nonperforming loans		26,627			87,898			114,525
Allowance for loan losses as of April 1, 2015		32,574			76,671			109,245
Charge-offs		(1,819	)		(5,084	)		(6,903	)
Recoveries		1,178			6,673			7,851
Provision/(provision credit) for loan losses		(6,881	)		(17,855	)		(24,736	)
Allowance for loan losses as of June 30, 2015		25,052			60,405			85,457
Troubled debt restructurings	$	53,950		$	118,147		$	172,097
30+ Delinq. % (a)		0.47	%		2.06	%		0.94	%
NPL %		0.78			6.03			2.35
Net charge-offs % (qtr. annualized)		0.08			NM			NM
Allowance / loans %		0.73	%		4.14	%		1.75	%
Allowance / charge-offs		9.73x			NM			NM
	June 30, 2014
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	3,334,304		$	1,884,626		$	5,218,930
Nonperforming loans		30,014			100,908			130,922
Allowance for loan losses as of April 1, 2014		32,325			91,084			123,409
Charge-offs		(2,678	)		(5,396	)		(8,074	)
Recoveries		1,159			4,311			5,470
Provision/(provision credit) for loan losses		1,612			(4,380	)		(2,768	)
Allowance for loan losses as of June 30, 2014		32,418			85,619			118,037
Troubled debt restructurings	$	59,011		$	117,874		$	176,885
30+ Delinq. % (a)		0.64	%		1.45	%		0.93	%
NPL %		0.90			5.35			2.51
Net charge-offs % (qtr. annualized)		0.18			0.23			0.20
Allowance / loans %		0.97	%		4.54	%		2.26	%
Allowance / charge-offs		5.32x			19.65x			11.30x

NM - Not meaningful

Loans are expressed net of unearned income.

(a) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

Permanent Mortgage

The permanent mortgage portfolio was $.5 billion on June 30, 2015. This portfolio is primarily composed of jumbo mortgages and one-time-close (“OTC”) completed construction loans that were originated through legacy businesses. Approximately 25 percent of loan balances as of June 30, 2015 are in California, but the remainder of the portfolio is somewhat geographically diverse. Natural run-off contributed to a majority of the net $106.3 million decrease in permanent mortgage period-end balances from second quarter 2014 to second quarter 2015.

The ALLL decreased to $22.4 million as of June 30, 2015 from $23.7 million as of June 30, 2014. TDR reserves comprise 80 percent of the ALLL for the permanent mortgage portfolio as of June 30, 2015. Accruing delinquencies as a percentage of total loans increased from 1.71 percent in second quarter 2014 to 2.26 percent in second quarter 2015. The increase in the accruing delinquency percentage is driven by an 18 percent decrease in the period-end balances from second quarter 2014 to second quarter 2015 and several larger balance loans in the non-strategic segment moving to thirty or more days past due. NPLs decreased by $4.6 million from second quarter 2014 to $32.5 million as of June 30, 2015, although NPLs as a percentage of loans increased from 6.23 percent as of June 30, 2014 to 6.66 percent as of June 30, 2015. Annualized net charge-offs as a percentage of average loans remained relatively flat from second quarter 2014 to second quarter 2015. The following table shows permanent mortgage asset quality trends by segment.

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Table 13 - Permanent Mortgage Asset Quality Trends by Segment

	June 30, 2015
(Dollars in thousands)	Regional Bank			Corporate (a)			Non- Strategic			Consolidated
Period-end loans	$	9,729		$	113,123		$	364,827		$	487,679
Nonperforming loans		489			3,079			28,905			32,473
Allowance for loan losses as of April 1, 2015		35			NM			20,151			20,186
Charge-offs		(265	)		NM			(544	)		(809	)
Recoveries		253			NM			418			671
Provision/(provision credit) for loan losses		60			NM			2,269			2,329
Allowance for loan losses as of June 30, 2015		83			NM			22,294			22,377
Troubled debt restructurings	$	964		$	6,827		$	99,366		$	107,157
30+ Delinq. % (b)		4.44	%		2.51	%		2.12	%		2.26	%
NPL %		5.03			2.72			7.92			6.66
Net charge-offs % (qtr. annualized)		0.48			NM			0.14			0.11
Allowance / loans %		0.86	%		NM			6.11	%		4.59	%
Allowance / charge-offs		1.74x			NM			44.22x			40.53x
	June 30, 2014
(Dollars in thousands)	Regional Bank			Corporate (a)			Non- Strategic			Consolidated
Period-end loans	$	11,625		$	155,306		$	427,070		$	594,001
Nonperforming loans		476			3,636			32,911			37,023
Allowance for loan losses as of April 1, 2014		195			NM			22,326			22,521
Charge-offs		(19	)		NM			(860	)		(879	)
Recoveries		—			NM			694			694
Provision/(provision credit) for loan losses		(10	)		NM			1,401			1,391
Allowance for loan losses as of June 30, 2014		166			NM			23,561			23,727
Troubled debt restructurings	$	1,255		$	5,790		$	112,421		$	119,466
30+ Delinq. % (b)		3.26	%		1.91	%		1.59	%		1.71	%
NPL %		4.09			2.34			7.71			6.23
Net charge-offs % (qtr. annualized)		0.63			NM			0.15			0.12
Allowance / loans %		1.43	%		NM			5.52	%		3.99	%
Allowance / charge-offs		2.21x			NM			35.18x			31.85x

NM - Not meaningful

Loans are expressed net of unearned income.

(a) The valuation taken upon exercise of clean-up calls included expected losses.

(b) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

Credit Card and Other

The credit card and other portfolios were $.3 billion as of June 30, 2015, and primarily include credit card receivables, other consumer-related credits, and automobile loans. The allowance decreased to $13.3 million as of June 30, 2015 from $17.5 million as of June 30, 2014. In second quarter 2015, FHN recognized $5.0 million of net charge-offs in the credit card and other portfolios, compared to $2.9 million in second quarter 2014. The higher net charge-offs in second quarter 2015 were primarily driven by charge-offs in a sub segment of the credit card portfolio that were previously reserved for. Annualized net charge-offs as a percentage of average loans increased 238 basis points from second quarter 2014 to 5.73 percent in second quarter 2015. Loans 30 days or more delinquent and accruing decreased from $4.8 million as of June 30, 2014 to $3.8 million June 30, 2015. The following table shows credit card and other asset quality trends by segment.

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Table 14 - Credit Card and Other Asset Quality Trends by Segment

	June 30, 2015
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	334,617		$	10,927		$	345,544
Nonperforming loans		—			749			749
Allowance for loan losses as of April 1, 2015		13,048			532			13,580
Charge-offs (a)		(5,600	)		(258	)		(5,858	)
Recoveries		764			92			856
Provision/(provision credit) for loan losses		4,523			174			4,697
Allowance for loan losses as of June 30, 2015		12,735			540			13,275
Troubled debt restructurings	$	333		$	85		$	418
30+ Delinq. % (b)		1.09	%		1.31	%		1.09	%
NPL %		—			6.86			0.22
Net charge-offs % (qtr. annualized) (a)		5.72			5.97			5.73
Allowance / loans %		3.81	%		4.95	%		3.84	%
Allowance / charge-offs		0.66x			0.81x			0.66x
	June 30, 2014
(Dollars in thousands)	Regional Bank			Non- Strategic			Consolidated
Period-end loans	$	333,781		$	14,648		$	348,429
Nonperforming loans		—			1,342			1,342
Allowance for loan losses as of April 1, 2014		12,736			325			13,061
Charge-offs		(3,280	)		(335	)		(3,615	)
Recoveries		693			40			733
Provision/(provision credit) for loan losses		6,872			401			7,273
Allowance for loan losses as of June 30, 2014		17,021			431			17,452
Troubled debt restructurings	$	381		$	143		$	524
30+ Delinq. % (b)		1.37	%		1.79	%		1.39	%
NPL %		—			9.16			0.39
Net charge-offs % (qtr. annualized)		3.14			7.81			3.35
Allowance / loans %		5.10	%		2.94	%		5.01	%
Allowance / charge-offs		1.64x			0.36x			1.51x

Loans are expressed net of unearned income.

(a) 2Q15 increase primarily driven by charge-offs in a sub segment of the credit card portfolio which had previously been reserved for.

(b) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

98

The following table provides additional asset quality data by loan portfolio:

Table 15 - Asset Quality by Portfolio

	June 30
	2015			2014
Key Portfolio Details
C&I
Period-end loans ($ millions)	$	9,833		$	8,403
30+ Delinq. % (a)		0.08	%		0.19	%
NPL %		0.44			0.58
Charge-offs % (qtr. annualized)		0.17			0.20
Allowance / loans %		0.80	%		0.82	%
Allowance / charge-offs		4.85x			4.35x
Commercial Real Estate
Period-end loans ($ millions)	$	1,401		$	1,232
30+ Delinq. % (a)		0.23	%		1.10	%
NPL %		0.84			1.14
Charge-offs % (qtr. annualized)		0.22			NM
Allowance / loans %		1.53	%		1.28	%
Allowance / charge-offs		7.29x			NM
Consumer Real Estate
Period-end loans ($ millions)	$	4,870		$	5,219
30+ Delinq. % (a)		0.94	%		0.93	%
NPL %		2.35			2.51
Charge-offs % (qtr. annualized)		NM			0.20
Allowance / loans %		1.75	%		2.26	%
Allowance / charge-offs		NM			11.30x
Permanent Mortgage
Period-end loans ($ millions)	$	488		$	594
30+ Delinq. % (a)		2.26	%		1.71	%
NPL %		6.66			6.23
Charge-offs % (qtr. annualized)		0.11			0.12
Allowance / loans %		4.59	%		3.99	%
Allowance / charge-offs		40.53x			31.85x
Credit Card and Other
Period-end loans ($ millions)	$	346		$	348
30+ Delinq. % (a)		1.09	%		1.39	%
NPL %		0.22			0.39
Charge-offs % (qtr. annualized) (b)		5.73			3.35
Allowance / loans %		3.84	%		5.01	%
Allowance / charge-offs		0.66x			1.51x

NM – Not meaningful

Loans are expressed net of unearned income.

(a) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

(b) 2Q15 increase primarily driven by charge-offs in a sub segment of the credit card portfolio which had previously been reserved for.

Allowance for Loan Losses

Management’s policy is to maintain the ALLL at a level sufficient to absorb estimated probable incurred losses in the loan portfolio. The total allowance for loan losses decreased 9 percent from second quarter 2014 to $221.4 million on June 30, 2015, from $243.6 million on June 30, 2014. Continued aggregate improvement in borrowers’ financial conditions through second quarter 2015, improvement in economic conditions, run-off of the non-strategic portfolios, and proactive management of problem credits contributed to the decline in the ALLL from a year ago. The ratio of allowance for loan losses to total loans, net of unearned income, decreased to 1.31 percent on June 30, 2015, from 1.54 percent on June 30, 2014.

The provision for loan losses is the charge to earnings necessary to maintain the ALLL at a sufficient level reflecting management’s estimate of probable incurred losses in the loan portfolio. The provision for loan losses decreased 60 percent to $2.0 million in second quarter 2015 from $5.0 million in second quarter 2014.

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FHN expects asset quality trends to remain relatively stable for the remainder of 2015. That expectation depends upon a continued economic recovery, among other things, which may or may not occur. The C&I portfolio is expected to continue to show stable trends but short-term variability (both positive and negative) is possible. The CRE portfolio should be relatively stable as FHN has observed property values stabilizing. The remaining non-strategic consumer real estate and permanent mortgage portfolios should continue to steadily wind down. Asset quality metrics within non-strategic may become skewed as the portfolio continues to shrink and the denominator of asset quality ratios becomes smaller. Continued stabilization in performance of the consumer real estate portfolio assumes an ongoing economic recovery as consumer delinquency and loss rates are correlated with unemployment trends and strength of the housing market.

Consolidated Net Charge-offs

Net charge-offs were $9.0 million in second quarter 2015 compared to $8.6 million in second quarter 2014. The ALLL was 6.15 times annualized net charge-offs for second quarter 2015 compared with 7.05 times annualized net charge-offs for second quarter 2014 and the annualized net charge-offs to average loans ratio decreased from .22 percent in second quarter 2014 to .21 percent in second quarter 2015.

Commercial net charge-offs were $4.8 million in second quarter 2015 compared to $2.9 million in second quarter 2014. The increase in second quarter 2015 was primarily driven by a partial charge-off resulting from borrower fraud associated with one large regional bank C&I credit. $2.6 million of the second quarter 2014 charge-offs was associated with a TRUPS sale in which FHN had $3.1 million of ASC 310 reserves. Overall, commercial net charge-offs remain at historically low levels.

Consolidated net charge-offs in the retail portfolios declined 26 percent or $1.5 million from second quarter 2014 to second quarter 2015. The consumer real estate portfolio had net recoveries of $.9 million in second quarter 2015 compared to net charge-offs of $2.6 million in second quarter 2014. Net charge-offs in the credit card and other portfolios increased from $2.9 million in second quarter 2014 to $5.0 million in second quarter 2015, driven by charge-offs recognized on a sub segment of the credit card portfolio which had previously been reserved for.

Nonperforming Assets

Nonperforming loans are loans placed on nonaccrual status if it becomes probable that full collection of principal and interest will not be collected in accordance with contractual terms, impairment has been recognized as a partial charge-off of principal balance, or on a case-by-case basis, if FHN continues to receive payments but there are atypical loan structures or other borrower-specific issues. Included in nonaccruals are loans in which FHN continues to receive payments, including residential real estate loans where the borrower has been discharged of personal obligation through bankruptcy and second liens, regardless of delinquency status, behind first liens that are 90 or more days past due or are TDRs. These, along with foreclosed real estate, excluding foreclosed real estate from government insured mortgages, represent nonperforming assets (“NPAs”).

Total nonperforming assets (including NPLs HFS) decreased to $238.5 million on June 30, 2015 from $339.6 million on June 30, 2014. Nonperforming assets (excluding NPLs HFS) decreased to $232.2 million on June 30, 2015 from $270.4 million on June 30, 2014. The nonperforming assets ratio (nonperforming assets excluding NPLs HFS to total period-end loans plus foreclosed real estate and other assets) decreased to 1.37 percent in second quarter 2015 from 1.71 percent in second quarter 2014 due to a 25 percent decrease in foreclosed real estate (excluding foreclosed real estate from government insured mortgages) and a 12 percent decline in portfolio nonperforming loans from second quarter 2014 to second quarter 2015. Portfolio nonperforming loans declined $28.6 million from second quarter 2014 to $203.1 million on June 30, 2015, largely driven by improvement in the consumer real estate portfolio.

Nonperforming C&I loans decreased to $43.6 million in 2015 from $48.3 million in 2014. Commercial real estate NPLs decreased $2.2 million to $11.7 million in 2015. Consumer nonperforming loans decreased to $147.7 million from $169.3 million in 2014, primarily due to a $13.0 million decline in non-strategic consumer real estate NPLs. Nonperforming loans classified as HFS decreased $62.8 million to $6.4 million on June 30, 2015 primarily due to the sale of mortgage loans HFS in third quarter 2014. Loans in HFS are recorded at elected fair value or lower of cost or market and do not carry reserves.

The ratio of ALLL to NPLs in the loan portfolio improved to 1.09 times in 2015 compared to 1.05 times in 2014, driven by lower nonperforming loans which was partially offset by an decrease in ALLL. Certain nonperforming loans in both the commercial and consumer portfolios are deemed collateral-dependent and are charged down to an estimate of collateral value less costs to sell. Because loss content has been recognized through a partial charge-off, typically reserves are not recorded. Additionally, a majority of FHN’s loans in held-for-sale are accounted for under the fair value option. As a result, losses related to nonperforming HFS loans have been recognized by FHN directly through the income statement.

100

The following table provides nonperforming loans both before and after partial charge-offs, LOCOM, nonaccrual interest adjustments and negative fair value adjustments previously taken as of June 30, 2015 and 2014.

Table 16 - Nonperforming Loans

	June 30
(Dollars in thousands)	2015			2014
Held-to-maturity:
Gross nonperforming loans (a)	$	271,781		$	307,404
Less: Partial charge-offs (b)		(60,852	)		(71,461	)
Less: LOCOM (c)		(614	)		—
Less: Nonaccrual interest adjustments (d)		(7,249	)		(4,327	)
Net nonperforming loans (e)	$	203,066		$	231,616
Held-for-sale: (f)
Gross nonperforming loans	$	12,334		$	135,252
Less: Fair value mark		(5,839	)		(64,443	)
Less: LOCOM		(123	)		(1,625	)
Net nonperforming loans	$	6,372		$	69,184
Total net nonperforming loans including held-for-sale	$	209,438		$	300,800

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

(a) Balances as of June 30, 2015 and 2014, include $173.4 million and $189.3 million, respectively, of gross nonperforming loans within the non-strategic segment.

(b) Balances as of June 30, 2015 and 2014, include $35.7 million and $46.9 million, respectively, of non-strategic partial charge-offs associated with nonperforming loans.

(c) Included in the non-strategic segment.

(d) Balances as of June 30, 2015 and 2014, include $6.1 million and $3.6 million, respectively, of nonaccrual interest adjustments within the non-strategic segment.

(e) Balances as of June 30, 2015 and 2014, include $130.9 million and $138.8 million, respectively, of net nonperforming loans within the non-strategic segment.

(f) As of June 30, 2015 and 2014, all held-for-sale nonperforming loans are included in the non-strategic segment.

Table 17 provides an activity rollforward of foreclosed real estate balances for June 30, 2015 and 2014. The balance of foreclosed real estate, exclusive of inventory from government insured mortgages, decreased to $29.1 million as of June 30, 2015, from $38.8 million as of June 30, 2014 as FHN has continued efforts to avoid foreclosures by restructuring loans and working with borrowers while also executing sales of existing foreclosed assets. Additionally property values have stabilized which also affect the balance of foreclosed real estate. See the discussion of Foreclosure Practices in the Market Uncertainties and Prospective Trends section of MD&A for information regarding the impact on FHN.

Table 17 - Rollforward of Foreclosed Real Estate

	Three Months Ended June 30						Six Months Ended June 30
(Dollars in thousands)	2015			2014			2015			2014
Beginning balance (a)	$	29,681		$	42,970		$	30,430		$	45,753
Valuation adjustments		(1,284	)		(533	)		(1,660	)		(1,391	)
New foreclosed property		4,831			4,603			8,293			11,505
Disposals:
Single transactions		(4,119	)		(7,551	)		(7,954	)		(16,184	)
Bulk sales		—			(708	)		—			(902	)
Ending balance, June 30 (a)	$	29,109		$	38,781		$	29,109		$	38,781

(a) Excludes foreclosed real estate related to government insured mortgages.

101

The following table provides consolidated asset quality information for the three months ended June 30, 2015 and 2014:

Table 18 - Asset Quality Information

	Three Months Ended June 30
(Dollars in thousands)	2015			2014
Allowance for loan losses:
Beginning balance on April 1	$	228,328		$	247,246
Provision for loan losses		2,000			5,000
Charge-offs		(19,434	)		(18,764	)
Recoveries		10,457			10,146
Ending balance on June 30	$	221,351		$	243,628
Reserve for remaining unfunded commitments		5,561			2,209
Total allowance for loan losses and reserve for unfunded commitments	$	226,912		$	245,837

	As of June 30
	2015			2014
Nonperforming Assets by Segment
Regional Banking:
Nonperforming loans (a)	$	69,093		$	89,191
Foreclosed real estate (b)		19,230			26,598
Total Regional Banking		88,323			115,789
Non-Strategic:
Nonperforming loans (a)		130,894			138,789
Nonperforming loans held-for-sale after fair value adjustment (c)		6,372			69,184
Foreclosed real estate (b)		9,879			12,183
Total Non-Strategic		147,145			220,156
Corporate:
Nonperforming loans (a)		3,079			3,636
Total Corporate		3,079			3,636
Total nonperforming assets (a)	$	238,547		$	339,581
Loans and commitments:
Total period-end loans, net of unearned income	$	16,936,772		$	15,795,709
Less: Insured retail residential and construction loans (d)		(2,516	)		(9,116	)
Loans excluding insured loans	$	16,934,256		$	15,786,593
Foreclosed real estate from government insured mortgages (foreclosures occuring prior to January 1, 2015)		11,159			18,771
Potential problem assets (e) (j)		189,641			299,863
Loans 30 to 89 days past due		48,924			61,656
Loans 30 to 89 days past due - guaranteed portion (f)		7			170
Loans 90 days past due (g)		22,521			31,178
Loans 90 days past due - guaranteed portion (f) (g)		172			43
Loans held-for-sale 30 to 89 days past due (c)		6,607			8,513
Loans held-for-sale 30 to 89 days past due - guaranteed portion (f)		5,925			5,822
Loans held-for-sale 90 days past due (c) (g)		16,557			37,191
Loans held-for-sale 90 days past due - guaranteed portion (c) (f) (g)		16,049			32,739
Remaining unfunded commitments		7,507,314			7,227,433
Average loans, net of unearned	$	16,789,939		$	15,381,570
Allowance and net charge-off ratios
Allowance to total loans		1.31	%		1.54	%
Allowance to nonperforming loans in the loan portfolio		1.09x			1.05x
Allowance to loans excluding insured loans		1.31	%		1.54	%
Allowance to annualized net charge-offs		6.15x			7.05x
Nonperforming assets to loans and foreclosed real estate (h)		1.37	%		1.71	%
Nonperforming loans in the loan portfolio to total loans, net of unearned income		1.20	%		1.47	%
Total annualized net charge-offs to average loans (i)		0.21	%		0.22	%

102

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

(a) Excludes loans that are 90 or more days past due and still accruing interest.

(b) Excludes foreclosed real estate from government-insured mortgages.

(c) The decline is due to the third quarter 2014 sale of mortgage loans.

(d) Whole-loan insurance has been obtained on certain retail residential and construction loans.

(e) Includes past due loans.

(f) Guaranteed loans include FHA, VA, and GNMA loans repurchased through the GNMA buyout program.

(g) Amounts are not included in nonperforming/nonaccrual loans.

(h) Ratio is non-performing assets related to the loan portfolio to total loans plus foreclosed real estate and other assets.

(i) Net charge-off ratio is annualized net charge-offs divided by quarterly average loans, net of unearned income.

(j) The 2Q15 decline is due to the resolution of several larger substandard graded credits.

Past Due Loans and Potential Problem Assets

Past due loans are loans contractually past due as to interest or principal payments, but which have not yet been put on nonaccrual status. Loans in the portfolio that are 90 days or more past due and still accruing decreased to $22.5 million on June 30, 2015, from $31.2 million on June 30, 2014. The decrease was driven primarily by CRE and consumer real estate. Loans 30 to 89 days past due decreased $12.7 million to $48.9 million on June 30, 2015. The decline in loans past due 30-89 days is largely attributable to the C&I and CRE portfolios because of aggregate improved performance and loss mitigation activities.

Potential problem assets represent those assets where information about possible credit problems of borrowers has caused management to have serious doubts about the borrower’s ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by the OCC for loans classified as substandard. Potential problem assets in the loan portfolio, which includes loans past due 90 days or more and still accruing, were $189.6 million on June 30, 2015, $259.5 million on March 31, 2015, and $299.9 million on June 30, 2014. The 27 percent decline in potential problem assets from first quarter 2015 to second quarter 2015 and 37 percent decline from second quarter 2014 to second quarter 2015 is due to the resolution of several larger substandard credits. The current expectation of losses from potential problem assets has been included in management’s analysis for assessing the adequacy of the allowance for loan losses.

Troubled Debt Restructuring and Loan Modifications

As part of FHN’s ongoing risk management practices, FHN attempts to work with borrowers when appropriate to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. In a situation where an economic concession has been granted to a borrower that is experiencing financial difficulty, FHN identifies and reports that loan as a Troubled Debt Restructuring (“TDR”). FHN considers regulatory guidelines when restructuring loans to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan. Additionally, FHN structures loan modifications to amortize the debt within a reasonable period of time. See Note 4 – Loans for further discussion regarding TDRs.

Commercial Loan Modifications

As part of FHN’s credit risk management governance processes, the Loan Rehab and Recovery Department (“LRRD”) is responsible for managing most commercial relationships with borrowers whose financial condition has deteriorated to such an extent that the credits are being considered for impairment, classified as substandard or worse, placed on nonaccrual status, foreclosed or in process of foreclosure, or in active or contemplated litigation. LRRD has the authority and responsibility to enter into workout and/or rehabilitation agreements with troubled commercial borrowers in order to mitigate and/or minimize the amount of credit losses recognized from these problem assets. The range of commercial workout strategies utilized by LRRD to mitigate the likelihood of loan losses is commensurate with the degree of commercial credit quality deterioration. While every circumstance is different, LRRD will generally use forbearance agreements (generally 6-12 months) as an element of commercial loan workouts, which include reduced interest rates, reduced payments, release of guarantor, or entering into short sale agreements. Senior credit management tracks classified loans and performs periodic reviews of such assets to understand FHN’s interest in the borrower, the most recent financial results of the borrower, and the associated loss mitigation approaches and/or exit plans that have been developed for those relationships. After initial identification, relationship managers prepare regular updates for review and discussion by more senior business line and credit officers.

The individual impairment assessments completed on commercial loans in accordance with the Accounting Standards Codification Topic related to Troubled Debt Restructurings (“ASC 310-40”) include loans classified as TDRs as well as loans that may have been modified yet not classified as TDRs by management. For example, a modification of loan terms that management would generally not consider to be a TDR could be a temporary extension of maturity to allow a borrower to complete an asset sale whereby the proceeds of such transaction are to be paid to satisfy the outstanding debt. Additionally, a modification that extends the term of a loan but does not involve reduction of principal or accrued interest, in which the interest rate is adjusted to reflect current market rates for similarly situated borrowers, is not considered a TDR. Nevertheless, each assessment will take into account any modified terms and will be comprehensive to ensure appropriate impairment assessment. If individual impairment is identified, management will either hold specific reserves on the amount of impairment, or, if the loan is collateral dependent, write down the carrying amount of the asset to the net realizable value of the collateral.

103

Consumer Loan Modifications

Although FHN does not currently participate in any of the loan modification programs sponsored by the U.S. government, FHN does modify consumer loans using the parameters of Home Affordable Modification Program (“HAMP”). Generally, a majority of loans modified under any such proprietary programs are classified as TDRs.

Within the HELOC and R/E installment loan classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years the interest rate steps up 1 percent every year thereafter until it reaches the Freddie Mac Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance.

Following classification as a TDR, modified loans within the consumer portfolio, which were previously evaluated for impairment on a collective basis determined by their smaller balances and homogenous nature, become subject to the impairment guidance in ASC 310-10-35, which requires individual evaluation of the debt for impairment. However, as applicable accounting guidance allows, FHN may aggregate certain smaller-balance homogeneous TDRs and use historical statistics, such as aggregated charge-off amounts and average amounts recovered, along with a composite effective interest rate to measure impairment when such impaired loans have risk characteristics in common.

On June 30, 2015 and 2014, FHN had $310.6 million and $350.9 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $61.0 million and $65.8 million, or 20 percent and 19 percent of TDR balances, as of June 30, 2015 and 2014, respectively. Additionally, FHN had $80.8 million and $139.5 million of HFS loans classified as TDRs as of June 30, 2015 and 2014, respectively. Total held-to-maturity TDRs decreased by $40.3 million with 57 percent and 31 percent of the reduction attributable to reductions in commercial TDRs and permanent mortgage TDRs, respectively. The HFS TDRs decreased by $58.7 million from a year ago mainly due to the sale of mortgage loans HFS in third quarter 2014.

104

The following table provides a summary of TDRs for the periods ended June 30, 2015 and 2014:

Table 19 - Troubled Debt Restructurings

	As of June 30, 2015				As of June 30, 2014
(Dollars in thousands)	Number		Amount		Number		Amount
Held-to-maturity:
Permanent mortgage:
Current		161	$	82,926		185	$	93,676
Delinquent		13		3,700		9		2,514
Non-accrual (a)		89		20,531		88		23,276
Total permanent mortgage		263		107,157		282		119,466
Consumer real estate:
Current		983		106,872		1,075		114,886
Delinquent		36		3,532		41		4,620
Non-accrual (b)		1,242		61,693		1,264		57,379
Total consumer real estate		2,261		172,097		2,380		176,885
Credit card and other:
Current		159		407		220		507
Delinquent		6		11		9		17
Non-accrual		—		—		—		—
Total credit card and other		165		418		229		524
Commercial loans:
Current		22		21,061		26		20,735
Delinquent		—		—		1		332
Non-accrual		24		9,851		37		32,969
Total commercial loans		46		30,912		64		54,036
Total held-to-maturity		2,735		310,584		2,955		350,911
Held-for-sale: (c)
Current		390		58,044		540		83,564
Delinquent		113		15,906		174		26,434
Non-accrual		28		6,834		221		29,498
Total held-for-sale		531		80,784		935		139,496
Total troubled debt restructurings		3,266	$	391,368		3,890	$	490,407

(a) Balances as of June 30, 2015 and 2014 include $6.4 million and $7.9 million, respectively, of discharged bankruptcies.

(b) Balances as of June 30, 2015 and 2014 include $17.5 million and $24.9 million, respectively, of discharged bankruptcies.

(c) Loans HFS are reported net of negative fair value adjustments.

RISK MANAGEMENT

Except as discussed below, there have been no significant changes to FHN’s risk management practices as described under “Risk Management” beginning on page 42 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

MARKET RISK MANAGEMENT

There have been no significant changes to FHN’s market risk management practices as described under “Market Risk Management” beginning on page 43 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

Value-at-Risk (“VaR”) and Stress Testing

VaR is a statistical risk measure to estimate the potential loss in value from adverse market movements over an assumed fixed holding period within a stated confidence level. FHN employs a model to compute daily VaR measures for its trading securities inventory. FHN computes VaR using historical simulation with a 1-year lookback period at a 99 percent confidence level and 1-day and 10-day time horizons. Additionally, FHN computes a Stressed VaR (“SVaR”) measure. The SVaR computation uses the same model but with model inputs reflecting historical data from a continuous 12-month period that reflects a period of significant financial stress appropriate for Fixed Income’s trading securities portfolio.

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A summary of FHN’s VaR and SVaR measures for 1-day and 10-day time horizons is as follows:

Table 20 - VaR and SVaR Measures

	Three Months Ended June 30, 2015						Six Months Ended June 30, 2015						As of June 30, 2015
(Dollars in thousands)	Mean		High		Low		Mean		High		Low
1-day
VaR	$	703	$	1,050	$	466	$	670	$	1,050	$	388	$	520
SVaR		3,092		4,510		1,717		3,380		5,356		1,717		2,192
10-day
VaR		2,128		3,452		1,155		1,923		3,452		806		1,155
SVaR		9,753		15,538		4,094		9,722		15,538		4,094		6,165
	Three Months Ended June 30, 2014						Six Months Ended June 30, 2014						As of June 30, 2014
(Dollars in thousands)	Mean		High		Low		Mean		High		Low
1-day
VaR	$	1,208	$	1,959	$	524	$	1,297	$	2,072	$	524	$	532
SVaR		3,039		4,453		1,915		3,012		5,108		1,915		3,517
10-day
VaR		4,112		7,105		1,313		4,347		7,105		1,313		1,332
SVaR		12,454		17,948		5,574		10,798		17,948		5,574		12,173

FHN’s overall VaR measure includes both interest rate risk and credit spread risk. Separate measures of these component risks are as follows:

Table 21 - Schedule of Risks Included in VaR

	As of June 30, 2015				As of June 30, 2014
(Dollars in Thousands)	1-day		10-day		1-day		10-day
Interest rate risk	$	508	$	1,957	$	638	$	1,268
Credit spread risk		403		673		353		473

CAPITAL MANAGEMENT AND ADEQUACY

There have been no significant changes to FHN’s capital management practices as described under “Capital Management and Adequacy” on page 45 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

OPERATIONAL RISK MANAGEMENT

There have been no significant changes to FHN’s operational risk management practices as described under “Operational Risk Management” on page 45 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

COMPLIANCE RISK MANAGEMENT

There have been no significant changes to FHN’s compliance risk management practices as described under “Compliance Risk Management” on page 45 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

CREDIT RISK MANAGEMENT

There have been no significant changes to FHN’s credit risk management practices as described under “Credit Risk Management” beginning on page 45 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

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INTEREST RATE RISK MANAGEMENT

Except as disclosed below, there have been no significant changes to FHN’s interest rate risk management practices as described under “Interest Rate Risk Management” beginning on page 46 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

Net Interest Income Simulation Analysis

The information provided in this section, including the discussion regarding the outcomes of simulation analysis and rate shock analysis, is forward-looking. Actual results, if the assumed scenarios were to occur, could differ because of interest rate movements, the ability of management to execute its business plans, and other factors, including those presented in the Forward-Looking Statements section of this MD&A.

Management uses interest rate exposure models to formulate strategies to improve balance sheet positioning, earnings, or both, within FHN’s interest rate risk, liquidity, and capital guidelines. FHN uses simulation analysis as its primary tool to evaluate interest rate risk exposure. This type of analysis computes net interest income at risk under a variety of market interest rate scenarios to dynamically identify interest rate risk exposures exclusive of the potential impact on fee income. This risk management simulation, which considers forecasted balance sheet changes, prepayment speeds, deposit mix, pricing impacts, and other changes in the net interest spread, provides an estimate of the annual net interest income at risk for given changes in interest rates. The results help FHN develop strategies for managing exposure to interest rate risk. Like any risk management technique creating simulated outcomes for a range of given scenarios, interest rate simulation modeling is based on a number of assumptions and judgments. In this case, the assumptions relate primarily to loan and deposit growth, asset and liability prepayments, interest rates, and on- and off-balance sheet hedging strategies. Management believes the assumptions used and scenarios selected in its simulations are reasonable. Nevertheless, simulation modeling provides only a sophisticated estimate, not a precise calculation, of exposure to any given changes in interest rates.

The simulation models used to analyze net interest income create various at-risk scenarios looking at assumed increases and/or decreases in interest rates from instantaneous and staggered movements over a certain time period. In addition, the risk of changes in the yield curve is estimated by flattening and steepening the yield curve to simulate net interest income exposure. Management reviews these different scenarios to determine alternative strategies and executes based on that evaluation. The models are regularly updated to incorporate management action. Any scenarios that indicate a change in net interest income of 3 percent or more from a base net interest income are presented to the Board quarterly. At June 30, 2015, the interest rate environment remained at a low level. Under these market conditions, traditional scenarios estimating the impact of declining rates are not meaningful. Accordingly, declining rate shock scenarios (including minus 25 basis points and minus 200 basis points) were not performed.

The remaining scenarios performed attempt to capture risk to net interest income from rising rates and changes in the shape of the yield curve assuming a static balance sheet. Based on the rate sensitivity position on June 30, 2015, net interest income exposure over the next 12 months to a rate shock of plus 25 basis points, 50 basis points, 100 basis points, and 200 basis points is estimated to be a favorable variance of 2.5 percent, 3.8 percent, 6.2 percent and 11.3 percent, respectively of base net interest income. A flattening yield curve scenario where long-term rates decrease and short-term rates are static, results in an unfavorable variance in net interest income of 1.4 percent of base net interest income. These hypothetical scenarios are used to create one estimate of risk, and do not necessarily represent management’s current view of future interest rates or market developments.

While the continuing low interest rate environment is not expected to have a significant impact on the capital position of FHN, the ability to expand net interest margin in this environment, without assuming additional credit risk, continues to be a challenge for FHN. As long as the historically low interest rate environment persists, net interest margin will typically decline as yields on fixed rate loans and investment securities decrease due to the combination of asset prepayments and lower reinvestment rates. With core deposit rates at historically low levels, there is little opportunity to offset the yield declines in fixed rate assets with corresponding declines in deposit rates.

LIQUIDITY MANAGEMENT

ALCO also focuses on liquidity management: the funding of assets with liabilities of the appropriate duration, while mitigating the risk of unexpected cash needs. A key objective of liquidity management is to ensure the continuous availability of funds to meet the demands of depositors, other creditors and borrowers, and the requirements of ongoing operations. This objective is met by maintaining liquid assets in the form of trading securities and securities available-for-sale, growing core deposits, and the repayment of loans. ALCO is responsible for managing these needs by taking into account the marketability of assets, the sources, stability, and availability of funding, and the level of unfunded commitments. Subject to market conditions and compliance with applicable regulatory requirements from time to time, funds are available from a number of sources including core deposits, the available-for-sale securities portfolio, the Federal Reserve Banks, access to Federal Reserve Bank programs, the FHLB, access to the overnight and term Federal Funds markets, loan sales, syndications, and dealer and commercial customer repurchase agreements.

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FHN also may use unsecured borrowings as a source of liquidity. Currently, a large portion of unsecured borrowings is federal funds purchased from correspondent bank customers. These funds are considered to be substantially more stable than funds purchased in the national broker markets for federal funds due to the long, historical, and reciprocal nature of banking services provided by FHN to these correspondent banks. The remainder of FHN’s wholesale short-term borrowings is repurchase agreement transactions accounted for as secured borrowings with the regional bank’s business customers or fixed income’s broker dealer counterparties.

ALCO manages FHN’s exposure to liquidity risk through a dynamic, real time forecasting methodology. Base liquidity forecasts are reviewed by ALCO and are updated as financial conditions dictate. In addition to the baseline liquidity reports, robust stress testing of assumptions and funds availability are periodically reviewed. FHN maintains a contingency funding plan that may be executed should unexpected difficulties arise in accessing funding that affects FHN, the industry as a whole, or both. As a general rule, FHN strives to maintain excess liquidity equivalent to 15 percent or more of total assets, excluding access to the Federal Reserve’s discount window.

Core deposits are a significant source of funding and have historically been a stable source of liquidity for banks. Generally, core deposits represent funding from a financial institutions’ customer base which provide inexpensive, predictable pricing. The Federal Deposit Insurance Corporation insures these deposits to the extent authorized by law. Generally, these limits are $250 thousand per account owner for interest bearing and non-interest bearing accounts. The ratio of total loans, excluding loans HFS and restricted real estate loans, to core deposits was 92 percent in 2015 compared to 98 percent in 2014.

Both FHN and FTBNA may access the debt markets in order to provide funding through the issuance of senior or subordinated unsecured debt subject to market conditions and compliance with applicable regulatory requirements. In 2010, FHN issued $500 million of non-callable fixed rate senior notes due in December 2015. In 2014, FTBNA issued $400 million of fixed rate senior notes due in December 2019. As of June 30, 2015, FHN had outstanding capital securities representing guaranteed preferred beneficial interests in $206 million of FHN’s junior subordinated debentures through a Delaware business trust, wholly owned by FHN, a portion of which was eligible for inclusion in Tier 1 Capital. Tier 1 Capital treatment for these securities began phasing out in 2015 and will be entirely phased out in 2016. In late July 2015 FHN issued notice to call its junior subordinated debt with a redemption date of August 21, 2015. FHN also maintains $55.7 million of borrowings which are secured by residential real estate loans in a consolidated securitization trust.

Both FHN and FTBNA have the ability to generate liquidity by issuing preferred or common equity subject to market conditions and compliance with applicable regulatory requirements. In January 2013, FHN issued $100 million of Series A Non-Cumulative Perpetual Preferred Stock. As of June 30, 2015, FTBNA and subsidiaries had outstanding preferred shares of $295.4 million, which are reflected as noncontrolling interest on the Consolidated Condensed Statements of Condition.

Parent company liquidity is primarily provided by cash flows stemming from dividends and interest payments collected from subsidiaries. These sources of cash represent the primary sources of funds to pay cash dividends to shareholders and principal and interest to debt holders. The amount paid to the parent company through FTBNA common dividends is managed as part of FHN’s overall cash management process, subject to applicable regulatory restrictions. Certain regulatory restrictions exist regarding the ability of FTBNA to transfer funds to FHN in the form of cash, common dividends, loans, or advances. At any given time, the pertinent portions of those regulatory restrictions allow FTBNA to declare preferred or common dividends without prior regulatory approval in an aggregate amount equal to FTBNA’s retained net income for the two most recent completed years plus the current year to date. For any period, FTBNA’s ‘retained net income’ generally is equal to FTBNA’s regulatory net income reduced by the preferred and common dividends declared by FTBNA. Excess dividends in either of the two most recent completed years may be offset with available retained net income in the two years immediately preceding it. Applying the applicable rules, FTBNA’s total amount available for dividends was $8.3 million as of June 30, 2015 enabling FTBNA to declare limited dividends without OCC approval. The total amount available for dividends as of June 30, 2014 was negative $6.7 million. Consequently, FTBNA could not pay common dividends to its sole common stockholder, FHN, or to its preferred shareholders without prior regulatory approval in 2014. FTBNA applied for and received approval from the OCC to declare and pay common dividends to FHN in the amount of $325 million in third quarter 2015 and $180 million in 2014. FTBNA applied for and received approval from the OCC to declare and pay preferred dividends in each quarter of 2014. Additionally, during first and second quarter 2015 FTBNA declared and paid preferred dividends and during third quarter 2015 declared preferred dividends, with OCC approval as necessary.

Payment of a dividend to shareholders of FHN is dependent on several factors which are considered by the Board. These factors include FHN’s current and prospective capital, liquidity, and other needs, applicable regulatory restrictions, and also availability of funds to FHN through a dividend from FTBNA. Additionally, the Federal Reserve and the OCC generally require insured banks and bank holding companies to pay cash dividends only out of current operating earnings. Consequently, the decision of whether FHN will pay future dividends and the amount of dividends will be affected by current operating results. FHN paid a cash dividend of $.06 per common share on July 1, 2015, and in July 2015 the Board approved a $.06 per common share cash dividend payable on October 1, 2015, to shareholders of record on September 11, 2015. FHN paid a cash dividend of $1,550.00 per preferred share on July 10, 2015, and in July 2015 the Board approved a $1,550.00 per preferred share cash dividend payable on October 13, 2015, to shareholders of record on September 28, 2015.

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CASH FLOWS

The Consolidated Condensed Statements of Cash Flows provide information on cash flows from operating, investing, and financing activities for the six months ended June 30, 2015 and 2014. The level of cash and cash equivalents increased $96.9 million during the first half of 2015 compared to an increase of $265.2 million in the first half of 2014. During the six months ended June 30, 2015, cash provided by investing activities and operating activities outpaced cash used by financing activities, whereas during the six months ended June 30, 2014 cash provided by operating activities more than offset cash used by investing and financing activities.

Net cash provided by operating activities was $111.1 million in 2015 compared to $390.6 million in 2014. Operating cash flows in 2015 were favorably driven by cash-related net income items and a $185.7 million net increase in cash related to fixed income activities. Cash outflows related to operating assets and liabilities were $278.5 million in 2015 and primarily relate to the DOJ/HUD settlement payment in second quarter 2015. Operating cash flows in 2014 were positively affected by cash-related net income items, cash proceeds from MSR sales of $69.9 million, and $177.2 million of changes in cash related to operating assets and liabilities. Cash flows from operating activities were negatively affected by a $64.8 million net change in cash related to fixed income activities in 2014.

Net cash provided by investing activities was $480.5 million in 2015, compared to net cash used of $102.1 million in 2014. Cash inflows in 2015 were primarily attributed to a $1.3 billion decline in interest-bearing cash and $40.4 million of proceeds from the sale of properties, but were partially offset by loan growth in the regional bank and $100.1 million in net cash used in the available-for-sale securities portfolio. In 2014, an increase in loan balances and activity related to the available-for-sale securities portfolio which resulted in a $134.8 million net decrease in cash as securities purchased outpaced maturities and sales, negatively affected cash provided by investing activities. These cash outflows were somewhat offset by a decrease in interest-bearing cash which favorably affected cash provided by investing activities.

Net cash used by financing activities was $494.7 million in 2015 compared to $23.3 million in 2014. In 2015, cash was negatively affected by a $737.5 million decrease in short-term borrowings and $312.8 million in payments of long-term borrowings, which included the maturity of $304 million of subordinated notes. Additionally dividends and share repurchases negatively affected financing cash flows in 2015. These outflows were somewhat mitigated by a $605.9 million increase in deposits resulting from a new correspondent banking product which resulted in a shift in funding from short-term borrowings. In 2014, cash was negatively affected by a decline in deposits and payments of long-term borrowings related to the collapse/resolution of two securitization trusts, but was offset by cash inflows from increased FHLB borrowings as a result of loan growth and deposit fluctuations.

REPURCHASE OBLIGATIONS, OFF-BALANCE SHEET ARRANGEMENTS, AND OTHER CONTRACTUAL OBLIGATIONS

Repurchase and Related Obligations from Loans Originated for Sale

Prior to September 2008, as a means to provide liquidity for its legacy mortgage banking business, FHN originated loans through its legacy mortgage business, primarily first lien home loans, with the intention of selling them. Some government-insured and government-guaranteed loans were originated with credit recourse retained by FHN and some other mortgages were originated to be held, but predominantly mortgage loans were intended to be sold without recourse for credit default. Sales typically were effected either as non-recourse whole loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residential mortgage loans were sold predominately to two GSEs: Fannie Mae and Freddie Mac. Also federally insured or guaranteed whole loans were pooled, and payments to investors were guaranteed through the Government National Mortgage Association (“Ginnie Mae,” “Ginnie,” or “GNMA”). Many mortgage loan originations, especially those “nonconforming” mortgage loans that did not meet criteria for whole loan sales to the GSEs or insurance through Ginnie (collectively, the “Agencies”), were sold to investors, or certificate-holders, predominantly through First Horizon branded proprietary securitizations (“FH proprietary securitizations”) but also, to a lesser extent, through whole loan sales to private non-Agency purchasers. In addition, FHN originated with the intent to sell and sold HELOCs and second lien mortgages through whole loan sales to private purchasers and, to a lesser extent, through FH proprietary securitizations.

For non-recourse loan sales, FHN has exposure for repurchase of loans arising from claims that FHN breached its representations and warranties made at closing to the purchasers, including GSEs, other whole loan purchasers, and the trustee of FH proprietary securitizations. Additionally, FHN has exposure to investors for investment rescission or damages arising from claims that offering documents were materially deficient in the case of loans transferred through FH proprietary securitizations. See “Other FHN Mortgage Exposures and Trends” within this section of MD&A for additional information.

From 2009 to 2014 FHN received a high number of claims to either repurchase loans from the purchaser or remit payment to the purchaser to “make them whole” for economic losses incurred, primarily driven by loan delinquencies. In repurchase or make-whole claims a loan purchaser typically alleges that certain loans that were sold violated representations and warranties made by FHN at closing. While FHN has received claims from private whole-loan purchasers, a significant majority of claims received overall have related to whole loan sales to GSEs. Starting in 2014 the number of such claims, though still elevated, diminished substantially

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primarily as a result of resolution agreements made with the GSEs (discussed below) which significantly reduced new GSE claims. FHN also has the potential for financial exposure from loans transferred through FH proprietary securitizations. See Note 10 – Contingencies and Other Disclosures for other actions taken by investors of FH proprietary securitizations.

Origination Data

From 2005 through 2008, FHN originated and sold $69.5 billion of mortgage loans to the Agencies without recourse which includes $57.6 billion of loans sold to GSEs and $11.9 billion of loans guaranteed by Ginnie Mae. GSE loans originated in 2005 through 2008 account for approximately 90 percent of all repurchase requests/make-whole claims received from the third quarter 2008 divestiture of certain mortgage banking operations through June 30, 2015.

In addition, for many years ending in 2007, FHN securitized mortgage loans without recourse in First Horizon branded proprietary transactions. From 2005 through 2007, FHN securitized $26.7 billion of mortgage loans under the First Horizon brand. Although initially servicing generally was retained at the time the loans were sold, substantially all remaining servicing for these loans was sold in first quarter 2014.

The following table summarizes the loan composition of the FH proprietary mortgage securitizations from 2005 through 2007:

Table 22 - Composition of Off-Balance Sheet First Horizon Proprietary Mortgage Securitizations

(Dollars in thousands)	Original UPB for active FH securitizations (a)		UPB as of June 30, 2015
Loan type:
Jumbo	$	9,410,499	$	1,650,504
Alt-A		17,270,431		3,898,088
Total FH proprietary securitizations	$	26,680,930	$	5,548,592

(a) Original principal balances obtained from trustee statements.

At June 30, 2015, the repurchase request pipeline contained no loan repurchase requests related to FH proprietary first lien securitized mortgage loans based on claims related to breaches of representations and warranties. At June 30, 2015, FHN had not accrued a liability for exposure for repurchase of loans arising from claims that FHN breached its representations and warranties made in FH proprietary securitizations at closing. Due to the sales of MSR from 2008 through 2014, FHN has limited visibility into current loan information such as principal payoffs, refinance activity, delinquency trends, and loan modification activity.

Active Pipeline

The amount of repurchase requests and make-whole claims is accumulated into the “active pipeline.” The active pipeline includes the amount of claims for repurchase, make-whole payments, loans as to which private mortgage insurance (“MI”) has been canceled, and information requests from purchasers of loans originated and sold through FHN’s legacy mortgage banking business. MI was required for certain of the loans sold to GSEs or that were securitized. MI generally was provided on first lien loans that were sold to GSEs or securitized that had a loan-to-value (“LTV”) ratio at origination of greater than 80 percent. Although unresolved MI cancellation notices are not formal repurchase requests, FHN includes those loans in the active pipeline. Additionally, FHN is responsible for covering losses for purchasers to the extent there is a shortfall in MI insurance coverage (MI curtailment).

For purposes of quantifying the amount of loans underlying the repurchase/make-whole claim or MI cancellation notice or curtailment, FHN uses the current UPB in all cases if the amount is available. If current UPB is unavailable, the original loan amount is substituted for the current UPB. When neither is available, the claim amount is used as an estimate of current UPB. On June 30, 2015, the active pipeline was $177.7 million, with approximately half of unresolved repurchase and make-whole claims relating to loans sold to GSEs.

Generally, the amount of a loan subject to a repurchase/make-whole claim, or with open MI issues, remains in the active pipeline throughout the appeals process with a claimant until parties agree on the ultimate outcome. FHN reviews each claim and MI cancellation notice individually to determine the appropriate response by FHN (e.g. appeal, provide additional information, repurchase loan or remit make-whole payment, or reflect cancellation of MI).

In fourth quarter 2013 and in first quarter 2014, FHN entered into definitive resolution agreements (“ DRAs”), discussed below in “Repurchase Accrual Methodology,” to resolve certain selling representation and warranty repurchase obligations with the GSEs. The balances for these DRAs are disclosed in the settlement column of Table 23 - Rollforward of the Active Pipeline and reflect the UPB of loans settled under the DRAs. Additionally, in third quarter 2014, FHN settled certain repurchase claims with a non-GSE third party who purchased certain GSE MSRs in connection with the mortgage divestiture in 2008.

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The following tables provide a rollforward of the number and unpaid principal amount of loans in the active pipeline, including related unresolved MI cancellation notices, MI curtailments, and other requests for the three and six months ended June 30, 2015:

Table 23 - Rollforward of the Active Pipeline

	April 1, 2015				Inflows				Resolutions						Settlement				Adjustments (c)						June 30, 2015
(Dollars in thousands)	Number		Amount		Number		Amount		Number			Amount			Number		Amount		Number			Amount			Number		Amount
Repurchase/make whole requests:
FNMA (a)		131	$	25,497		22	$	2,851		(38	)	$	(6,053	)		—	$	—		—		$	125			115	$	22,420
FHLMC (a)		17		2,823		3		483		(4	)		(514	)		—		—		—			—			16		2,792
GNMA		2		69		2		395		—			—			—		—		—			—			4		464
Non-Agency whole loan-related		171		25,827		18		3,279		(10	)		(2,215	)		—		—		1			155			180		27,046
MI Cancellations		29		6,046		24		4,651		(27	)		(5,085	)		—		—		4			528			30		6,140
MI Curtailments		503		84,572		100		16,970		(14	)		(2,074	)		—		—		(9	)		(1,300	)		580		98,168
Other requests (b)		145		22,930		31		4,071		(43	)		(6,526	)		—		—		4			166			137		20,641
Total		998	$	167,764		200	$	32,700		(136	)	$	(22,467	)		—	$	—		—		$	(326	)		1,062	$	177,671

	January 1, 2015				Inflows				Resolutions						Settlement				Adjustments (c)						June 30, 2015
(Dollars in thousands)	Number		Amount		Number		Amount		Number			Amount			Number		Amount		Number			Amount			Number		Amount
Repurchase/make whole requests:
FNMA (a)		142	$	27,831		52	$	6,808		(78	)	$	(12,195	)		—	$	—		(1	)	$	(24	)		115	$	22,420
FHLMC (a)		19		3,310		10		2,023		(13	)		(2,541	)		—		—		—			—			16		2,792
GNMA		2		69		2		395		(1	)		(123	)		—		—		1			123			4		464
Non-Agency whole loan-related		171		25,827		19		3,434		(11	)		(2,370	)		—		—		1			155			180		27,046
MI Cancellations		28		6,004		43		7,638		(45	)		(7,954	)		—		—		4			452			30		6,140
MI Curtailments		594		101,063		152		26,687		(161	)		(28,859	)		—		—		(5	)		(723	)		580		98,168
Other requests (b)		65		10,825		129		18,887		(60	)		(9,323	)		—		—		3			252			137		20,641
Total		1,021	$	174,929		407	$	65,872		(369	)	$	(63,365	)		—	$	—		3		$	235			1,062	$	177,671

The following tables provide a rollforward of the number and unpaid principal amount of loans in the active pipeline, including related unresolved MI cancellation notices, MI curtailments, and other requests for the three and six months ended June 30, 2014:

	April 1, 2014				Inflows				Resolutions						Settlement				Adjustments (c)						June 30, 2014
(Dollars in thousands)	Number		Amount		Number		Amount		Number			Amount			Number		Amount		Number			Amount			Number		Amount
Repurchase/make whole requests:
FNMA (a)		374	$	77,484		163	$	28,869		(162	)	$	(31,922	)		—	$	—		(2	)	$	(582	)		373	$	73,849
FHLMC (a)		106		23,378		15		3,223		(29	)		(5,172	)		—		—		—			—			92		21,429
GNMA		4		364		3		244		(8	)		(831	)		—		—		5			486			4		263
Non-Agency whole loan-related		155		22,124		80		6,933		(46	)		(2,414	)		—		—		(6	)		(552	)		183		26,091
MI Cancellations		205		40,608		145		26,114		(174	)		(32,051	)		—		—		(31	)		(4,647	)		145		30,024
MI Curtailments		160		29,955		264		45,068		(9	)		(1,674	)		—		—		(8	)		(2,237	)		407		71,112
Other requests (b)		150		21,863		13		1,967		(137	)		(13,984	)		—		—		27			(699	)		53		9,147
Total		1,154	$	215,776		683	$	112,418		(565	)	$	(88,048	)		—	$	—		(15	)	$	(8,231	)		1,257	$	231,915

	January 1, 2014				Inflows				Resolutions						Settlement						Adjustments (c)						June 30, 2014
(Dollars in thousands)	Number		Amount		Number		Amount		Number			Amount			Number			Amount			Number			Amount			Number		Amount
Repurchase/make whole requests:
FNMA (a)		301	$	62,003		339	$	63,374		(237	)	$	(46,242	)		(32	)	$	(5,327	)		2		$	41			373	$	73,849
FHLMC (a)		237		48,866		47		9,688		(163	)		(30,502	)		(31	)		(6,488	)		2			(135	)		92		21,429
GNMA		9		953		4		411		(9	)		(1,101	)		—			—			—			—			4		263
Non-Agency whole loan-related		159		21,353		98		9,606		(73	)		(4,803	)		—			—			(1	)		(65	)		183		26,091
MI Cancellations		140		28,239		284		52,398		(253	)		(47,407	)		—			—			(26	)		(3,206	)		145		30,024
MI Curtailments		52		12,517		362		60,785		(16	)		(2,183	)		—			—			9			(7	)		407		71,112
Other requests (b)		152		23,221		54		7,918		(165	)		(18,747	)		(8	)		(1,634	)		20			(1,611	)		53		9,147
Total		1,050	$	197,152		1,188	$	204,180		(916	)	$	(150,985	)		(71	)	$	(13,449	)		6		$	(4,983	)		1,257	$	231,915

(a) Inflows represent amounts excluded from the DRAs.

(b) Other requests typically include requests for additional information from both GSE and non-GSE purchasers.

(c) Generally, adjustments reflect reclassifications between repurchase requests and MI cancellation notices and/or updates to UPB.

As of June 30, 2015, Agencies accounted for approximately 50 percent of the repurchase/make-whole requests in the active pipeline and 80 percent of the total active pipeline, inclusive of MI cancellation notices, MI curtailments, and all other claims. MI curtailment requests are intended only to cover the shortfall in MI insurance proceeds, therefore FHN’s loss from MI curtailments as a percentage of UPB in the pipeline generally is significantly lower than that of a repurchase or make-whole claim.

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For loans in the active pipeline for which FHN has received notification of MI cancellation, a majority relate to loans sold to GSEs. Consistent with originations, a majority of repurchase/make-whole claims have been from Fannie Mae and Freddie Mac and 2007 represents the vintage with the highest volume of claims. Total new repurchase and make-whole claims from GSEs decreased 90 percent or $28.8 million to $3.3 million in 2015 from 2014 reflecting the impact of the DRAs reached with two GSEs. Total MI cancellation notices received decreased $21.5 million to $4.7 million in 2015.

Resolutions disclosed in Table 23 – Rollforward of the Active Pipeline include both favorable and unfavorable resolutions. The UPB of actual repurchases, make-whole requests, and settlement resolutions, which was $4.1 million and $11.7 million during second quarter 2015 and 2014, respectively, represents the UPB of loans for which FHN has incurred a loss on the actual repurchase of a loan, or where FHN has reimbursed a claimant for economic losses incurred. When loans are repurchased or make-whole payments have been made, the associated loss content on the repurchase, make-whole, or settlement resolution is reflected as a net realized loss in Table 24 – Reserves for Repurchase and Foreclosure Losses.

Rescissions or denials, which were $4.7 million and $28.6 million in second quarter 2015 and 2014, respectively, represent the amount of repurchase requests and make-whole claims that FHN was able to resolve without incurring loss. Of the loans resolved in second quarter 2015 relating to actual repurchase or make-whole claims, FHN was successful in favorably resolving approximately 53 percent of the claims compared to 71 percent in 2014. Resolutions related to other, MI cancellations, MI curtailments, and information requests, which were $13.7 million and $47.7 million during second quarter 2015 and 2014, respectively, include providing information to the claimant, issues related to MI coverage, and other items. Resolutions in this category include both favorable and unfavorable outcomes with MI companies, including situations where MI was ultimately cancelled. FHN does not realize loss (a decrease of the repurchase and foreclosure liability) for loans with MI issues unless a request for repurchase, or for make-whole or loss reimbursement, is submitted and such request is unfavorably resolved.

Repurchase Accrual Methodology

Over the past several years FHN’s approach for determining the adequacy of the repurchase and foreclosure reserve has evolved based on information available including estimated loss content within the active pipeline, loss content associated with loans in which MI coverage was ultimately lost, information made available by Fannie Mae to FHN which provided significant insight into their file selection and review process for loans previously sold by FHN to Fannie Mae with repurchase risk, as well as information received in connection with DRAs that FHN entered into with Fannie Mae and Freddie Mac in fourth quarter 2013 and first quarter 2014, respectively. Cumulative average loss severities range between 50 and 60 percent of the UPB subject to repurchase/make-whole. Repurchase rates vary based on investor, vintage, and claim type.

Repurchase Accrual Approach

The DRAs mentioned above resolved certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer serviced at the time of the DRA. Under each DRA FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects and violations of the GSE’s Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancellations, curtailments and denials. With respect to loans where there has been a prior bulk sale of servicing, FHN is not responsible for mortgage insurance cancellations and denials to the extent attributable to the acts of the current servicer.

Repurchase obligations and estimates for probable incurred losses associated with loan populations not included in the DRAs, including obligations related to future mortgage insurance cancellations, loans included in bulk servicing sales prior to the DRAs, and other loan sales, are included in FHN’s remaining repurchase liability as of June 30, 2015.

In determining the loss content of GSE loans subject to repurchase requests excluded from the DRA settlements mentioned above (primarily loans included in bulk sales), FHN applied a vintage level estimate of loss to all loans sold to the GSEs that were not included in the settlements and which have not had a prior repurchase resolution. First pre-payment, default, and claim rate estimates are applied by vintage to estimate the aggregate claims expected but not yet resolved. Historical loss factors for each sale vintage and repurchase rates are then applied to estimate total loss content. Loss content related to other whole loan sales is estimated by applying the historical average repurchase and loss severity rates to the current UPB in the active pipeline to calculate estimated losses attributable to the current pipeline. FHN then uses an internal model to calculate loss content on estimated future inflows by applying historical average loss repurchase and severity rates to historical average inflows. For purposes of estimating loss content, FHN also considers MI cancellations. When assessing loss content related to loans where MI has been cancelled, FHN applies historical loss factors (including probability and loss severity ratios) to the total unresolved MI cancellations in the active pipeline, as well as applying these factors to historical average inflows to estimate loss content. Additionally, FHN identifies estimated losses related to MI curtailment requests.

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Management continually monitors the repurchase pipeline, including inflows, rescission and loss severity rates, and resolutions, as well as other factors in consideration of the overall adequacy of the repurchase liability.

Repurchase and Foreclosure Liability

FHN compares the estimated probable incurred losses determined under the applicable loss estimation approaches described above for the respective periods with current reserve levels. Changes in the estimated required liability levels are recorded as necessary through the repurchase and foreclosure provision. There are certain second liens and HELOCs subject to repurchase claims that are not included in the active pipeline as these loans were originated and sold through different channels. Liability estimation for potential repurchase obligations related to these second liens and HELOCs was determined outside of the methodology for loans originated and sold through the national legacy mortgage origination platform and were not material as of second quarter, 2015 and 2014.

The following table provides a rollforward of the legacy mortgage repurchase liability during the three and six months ended June 30, 2015 and 2014:

Table 24 - Reserves for Repurchase and Foreclosure Losses

	Three Months Ended June 30					Six Months Ended June 30
(Dollars in thousands)	2015		2014			2015			2014
Legacy Mortgage
Beginning balance	$	116,374	$	145,060		$	119,404		$	165,091
Provision for repurchase and foreclosure losses		—		—			—			—
Net realized gain/(losses)		180		(4,152	)		(2,850	)		(24,183	)
Balance on June 30	$	116,554	$	140,908		$	116,554		$	140,908

The liability for legacy mortgage repurchase and foreclosure losses was $116.6 million and $140.9 million as of June 30, 2015 and 2014, respectively. In second quarter 2015, FHN had $.2 million of net recoveries for the repurchase of first lien loans or make-whole payments compared with $4.2 million of net realized losses during second quarter 2014.

Generally, repurchased loans are included in loans HFS and recognized at fair value at the time of repurchase, which contemplates the loan’s performance status and estimated liquidation value. FHN has elected to continue recognition of these loans at fair value in periods subsequent to reacquisition. After the loan repurchase is completed, classification (performing versus nonperforming) of the repurchased loans is determined based on an additional assessment of the credit characteristics of the loan in accordance with FHN’s internal credit policies and guidelines consistent with other loans FHN retains on the balance sheet, except that if a loan is delinquent when repurchased it is immediately classified as nonperforming.

Government-Backed Mortgage Lending Programs

FHN originated mortgage loans eligible for Federal Housing Administration (“FHA”) insurance or Veterans Administration (“VA’) guaranty. Those lending activities were substantially larger prior to September 2008, when FHN sold its national mortgage business. In connection with those programs FHN made certain representations and warranties as to the compliance of the loans with program requirements. Over the past several years, most recently in first quarter 2015, FHN has recognized significant losses associated with settling claims and potential claims, by government agencies as well as by private parties asserting claims on behalf of agencies, related to these origination activities.

Other FHN Mortgage Exposures and Trends

FHN has received no loan repurchase or make-whole requests from the trustee of FH proprietary securitizations, as described in Note 10 – Contingencies and Other Disclosures. However, FHN is defending several lawsuits by investors in FH proprietary securitizations.

In addition, also as described in Note 10, many non-GSE purchasers of whole loans from FHN included those loans in their own securitizations. In such other whole loan sales FHN made representations and warranties concerning the loans sold and provided indemnity covenants to the purchaser/securitizer. Typically the purchaser/securitizer assigned key contractual rights against FHN to the securitization trustee. Currently the following categories of actions are pending which involve FHN and non-GSE whole-loan sales: (i) FHN has received indemnification requests from purchasers of loans or their assignees in cases where FHN is not a defendant; (ii) FHN has received subpoenas seeking loan reviews in cases where FHN is not a defendant; (iii) FHN has received repurchase demands from purchasers or their assignees; and (iv) FHN is a defendant in legal actions involving FHN-originated loans. Also, FHN’s trustee is a defendant in a lawsuit in which the plaintiffs have asserted that the trustee has duties under federal law to review loans and otherwise to act against FHN outside of the duties specified in the applicable trust documents.

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MARKET UNCERTAINTIES AND PROSPECTIVE TRENDS

Uncertainties remain surrounding the national economy, the housing market, Fed monetary policy, the regulatory and political environment, U.S. government spending generally, and economic and political situations outside the U.S. Those uncertainties will continue to present challenges for FHN. Although during 2014 and the first half of 2015 the national economy exhibited improvement, improvement has been uneven. Certain indicators have been mixed and economic conditions could regress. While asset quality at FHN is strong, external factors may result in increased credit costs and loan loss provisioning and could also suppress loan demand from borrowers and further increase competition among financial institutions resulting in continued pressure on net interest income. Additionally, despite resolving certain selling representation and warranties repurchase obligations to GSEs, a downturn in the economic environment or disruptions in the housing market could affect borrower defaults and actions by MI companies resulting in elevated repurchase requests from GSEs and third party whole loan purchasers relative to current projections or could impact losses recognized by investors in FH proprietary securitizations which could result in repurchase losses or litigation. See the Repurchase and Related Obligations from Loans Originated for Sale section and Critical Accounting Policies section within this MD&A, and Note 10 – Contingencies and Other Disclosures within this report for additional discussion regarding FHN’s repurchase obligations.

In recent years, in response to the recession in 2008 and the following uneven recovery, the Federal Reserve has implemented a series of domestic monetary initiatives. Several of these have emphasized so-called quantitative easing strategies, the most recent of which ended during 2014. Other significant monetary strategies could be implemented in the future including, in particular, so-called tightening strategies. Federal Reserve strategies can, and often are intended to, affect the domestic money supply, inflation, interest rates, and the shape of the yield curve. Among other things, easing strategies are intended to lower interest rates, flatten the yield curve, and stimulate economic activity, while tightening strategies are intended to increase interest rates, steepen the yield curve, tighten the money supply, and restrain economic activity. Other things being equal, a transition from easing to possible tightening should tend to diminish or reverse downward pressure on rates, and to diminish the stimulus effect that low rates tend to have on the economy. Many external factors may interfere with the effects of these plans or cause them to be changed unexpectedly. Such factors include significant economic trends or events (such as, for example, the substantial drop in oil prices experienced in late 2014 and early 2015) as well as significant international monetary policies and events (such as, for example, the rise during 2014 in the value of the U.S. dollar relative to many other currencies). Such strategies also can affect the U.S. and world-wide financial systems in ways that may be difficult to predict.

Although FHN has little direct exposure to non-U.S.-dollar-denominated assets or to foreign sovereign debt, major adverse events outside the U.S. could have a substantial indirect impact on FHN. Because the U.S. economy and the businesses of many of our customers are linked significantly to global economic and market conditions, a major adverse event could negatively impact liquidity in the U.S. causing funding costs to rise, or could potentially limit availability of funding through conventional markets in a worst-case scenario. FHN also could be adversely affected by events outside of the U.S. impacting hedging or other counterparties, customers with non-U.S. businesses and/or assets denominated in foreign currencies, the U.S. economy, interest rates, inflation/deflation rates, and the regulatory environment should there be a political response to major financial disruptions, all of which could have a financial impact on FHN.

Regulatory Matters

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Reform Act”) made a substantial number of significant changes to how financial services companies are regulated. Many of the changes in the Reform Act continue to be incomplete, or are dependent upon new regulations to be issued or interpreted in the future. Overall, the Reform Act and its regulations have increased FHN’s regulatory compliance and certain other costs, and have constrained operations and revenues in some respects. FHN believes that additional impacts of this sort are likely as additional parts of the Act are implemented.

U.S. regulators have adopted enhanced new stress test rules pursuant to the Reform Act. Under these requirements covered institutions must conduct an annual stress test to determine whether capital is likely to be adequate to absorb losses which could stem from certain adverse economic scenarios provided by the regulators and must privately report the results to their primary regulator as well as publicly disclose certain of those results. FHN may satisfy the public disclosure requirements through postings on its website. FHN’s initial stress test posting was made in June 2015 and can be found using the following link: http://ir.fhnc.com/GenPage.aspx?IID=100292&GKP=305868. (This link is provided only for the convenience of the reader of this report. Neither FHN’s stress test posting, nor any other material found on FHN’s website generally or by using that link, is part of this quarterly report or incorporated herein.)

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Foreclosure Practices

Since 2009 governmental officials and agencies have scrutinized industry foreclosure practices, particularly in judicial foreclosure states, and have since expanded to include non-judicial foreclosure and loss mitigation practices including the effective coordination by servicers of foreclosure and loss mitigation activities. All of the changes to servicing practices including the additional oversight required arising out of this activity including those described below could impact FHN through increased operational and legal costs. FHN continues to review, monitor and revise, as appropriate, its foreclosure processes and coordinated loss mitigation practices with the goal of conforming them to evolving servicing requirements.

FHN’s national mortgage and servicing platforms were sold in August 2008 and the related servicing activities, including foreclosure and loss mitigation practices that were not transferred in 2008, were outsourced through a three-year subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). The 2008 subservicing agreement expired in 2011 when FHN entered into a replacement agreement with a new subservicer (the “2011 subservicer”). In fourth quarter 2013, FHN contracted to sell a substantial majority of its remaining servicing obligations and servicing assets (including advances) to the 2011 subservicer. The servicing was transferred to the buyer in stages, and was substantially completed in first quarter 2014. The servicing still retained by FHN continues to be subserviced by the 2011 subservicer.

As discussed in more detail in Note 10 – Contingencies and Other Disclosures, the 2008 subservicer has been subject to a consent decree, and entered into a settlement agreement, with regulators related to alleged deficiencies in servicing and foreclosure practices. The 2008 subservicer has made demands of FHN to pay certain resulting costs and damages; FHN disagrees with those demands and has made no payments. This disagreement has the potential to result in litigation and, in any such future litigation; the claim against FHN may be substantial.

FHN anticipates continued compliance challenges relating to foreclosure, loss mitigation and servicing practices in connection with its efforts to comply with regulations and standards issued by the OCC and the CFPB including those relating to vendor management and changes in applicable state law relating to foreclosure and loss mitigation.

CRITICAL ACCOUNTING POLICIES

There have been no significant changes to FHN’s critical accounting policies as described in “Critical Accounting Policies” beginning on page 61 of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014, which section is incorporated into this report by this reference.

ACCOUNTING STANDARDS UPDATES ISSUED BUT NOT CURRENTLY EFFECTIVE

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The effective date of ASU 2014-09 has been deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application as of the original effective date of annual reporting periods beginning after December 15, 2016, and associated interim periods is permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2016 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

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In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis.” ASU 2015-02 revises current consolidation guidance to modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities. ASU 2015-02 also eliminates the presumption that a general partner should consolidate a limited partnership, revises the consolidation analysis for reporting entities that have fee arrangements and related party relationships with variable interest entities, and provides a scope exception for entities with interests in registered money market funds. ASU 2015-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. FHN has evaluated the provisions of ASU 2015-02 on its consolidation assessments and there will not be a significant effect upon adoption.

In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct reduction from the carrying value of that debt liability, consistent with debt discounts. ASU 2015-03 requires application on a retrospective basis, with prior periods revised to reflect the effects of adoption. ASU 2015-03 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Consistent with current requirements, FHN currently classifies debt issuance costs within Other assets in the Consolidated Condensed Statements of Condition. ASU 2015-03 will have no effect on the recognition of interest expense.

NON-GAAP INFORMATION

The following table provides a reconciliation of non-GAAP items presented in this MD&A to the most comparable GAAP presentation:

Table 25 - Non-GAAP to GAAP Reconciliation

	December 31			June 30
(Dollars in thousands)	2014			2014
Tier 1 Common (Non-GAAP)
(A) Tier 1 capital (a)	$	2,813,503		$	2,751,933
Less: Noncontrolling interest - FTBNA preferred stock (b)		294,816			294,816
Less: Preferred stock		95,624			95,624
Less: Trust preferred (c)		200,000			200,000
(B) Tier 1 common (Non-GAAP)	$	2,223,063		$	2,161,493
Risk Weighted Assets
(C) Risk weighted assets (a)	$	19,452,656		$	19,400,096
Total Assets
(D) Total assets (GAAP)	$	25,668,187		$	24,218,345
Ratios
(B)/(C) Tier 1 common to risk weighted assets (Non-GAAP)		11.43	%		11.14	%
(A)/(D) Tier 1 capital to total assets (GAAP)		10.96	%		11.36	%

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 - Financial Information for additional information.

(a) Defined by and calculated in conformity with bank regulations currently applicable to FHN and FTBNA.

(b) Represents FTBNA preferred stock included in noncontrolling interest.

(c) Included in term borrowings on the Consolidated Condensed Statements of Condition.

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Item 3. Quantitative and Qualitative Disclosures about Market Risk

The information called for by this item is contained in

(a) Management’s Discussion and Analysis of Financial Condition and Results of Operations included as Item 2 of Part I of this report, including in particular the section entitled “Risk Management” beginning on page 105 of this report and the subsections entitled “Market Risk Management” beginning on page 105 and “Interest Rate Risk Management” beginning on page 107 of this report,

(b) Note 14 to the Consolidated Condensed Financial Statements appearing on pages 50-55 of this report,

(c) Management’s Discussion and Analysis of Financial Condition and Results of Operations appearing in FHN’s 2014 Annual Report to shareholders, including in particular the section entitled “Risk Management” beginning on page 42 of that Report and the subsections entitled “Market Risk Management” beginning on page 43 and “Interest Rate Risk Management” appearing on pages 46-48 of that Report, and

(d) Note 23 to the Consolidated Financial Statements appearing on pages 160-166 of FHN’s 2014 Annual Report to shareholders,

all of which materials are incorporated herein by reference. FHN’s Management’s Discussion and Analysis of Financial Condition and Results of Operations, Consolidated Financial Statements, and related Notes appearing in FHN’s 2014 Annual Report to shareholders all were filed as part of Exhibit 13 to FHN’s annual report on Form 10-K for the year ended December 31, 2014. Portions of the Annual Report not incorporated herein by reference are deemed not to be “filed” with the Commission with this report.

Item 4. Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures. FHN’s management, with the participation of FHN’s chief executive officer and chief financial officer, has evaluated the effectiveness of FHN’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of the end of the period covered by this quarterly report. Based on that evaluation, the chief executive officer and the chief financial officer have concluded that FHN’s disclosure controls and procedures were effective as of the end of the period covered by this report.

(b) Changes in Internal Control over Financial Reporting. There have not been any changes in FHN’s internal control over financial reporting during FHN’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, FHN’s internal control over financial reporting.

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Part II.

OTHER INFORMATION

Item 1 Legal Proceedings

The “Contingencies” section of Note 10 to the Consolidated Condensed Financial Statements beginning on page 34 of this Report is incorporated into this Item by reference.

Item 1A Risk Factors

Not applicable

Item 2 Unregistered Sales of Equity Securities and Use of Proceeds

(a) & (b) Not Applicable

(c) The table captioned “Issuer Purchases of Common Stock,” including the explanatory notes, is incorporated herein by reference to Table 7 and explanatory notes included in Item 2 of Part I of this report under the heading “First Horizon National Corporation Management’s Discussion and Analysis of Financial Condition and Results of Operations,” beginning on page 90 of this report.

Items 3, 4, and 5

Not applicable

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Item 6. Exhibits

(a) Exhibits

Exhibits marked * represent management contracts or compensatory plans or arrangements required to be identified as such and filed as exhibits.

Exhibits marked ** are “furnished” pursuant to 18 U.S.C. Section 1350 and are not “filed” as part of this Report or as a separate disclosure document.

Exhibits marked *** contain or consist of interactive data file information which is unaudited and unreviewed.

In many agreements filed as exhibits, each party makes representations and warranties to other parties. Those representations and warranties are made only to and for the benefit of those other parties in the context of a business contract. Such representations and warranties may be partially or fully waived by such parties, or not enforced by such parties, in their discretion. No such representation or warranty may be relied upon by any other person for any purpose.

Exhibit No.	Description
4	FHN agrees to furnish to the Securities and Exchange Commission upon request a copy of each instrument defining the rights of the holders of the senior and subordinated long-term debt of FHN and its consolidated subsidiaries.
10.1*	Sections of Director Policy pertaining to compensation.
13	The “Interest Rate Risk Management” subsection of the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and the “Interest Rate Risk Management” subsection of Note 23 – Derivatives to FHN’s consolidated financial statements, contained, respectively, at pages 46-48 and pages 161- 163 in FHN’s 2014 Annual Report to shareholders, which material is incorporated herein by reference. That Report was furnished to shareholders in connection with the Annual Meeting of Shareholders on April 28, 2015 and portions of that Report, including those portions incorporated herein by reference, were filed by FHN as part of Exhibit 13 to its annual report on Form 10-K for the year ended December 31, 2014. Portions of the Annual Report not incorporated herein by reference are deemed not to be “filed” with the Commission with this report.
31(a)	Rule 13a-14(a) Certifications of CEO (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)
31(b)	Rule 13a-14(a) Certifications of CFO (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)
32(a)**	18 USC 1350 Certifications of CEO (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)
32(b)**	18 USC 1350 Certifications of CFO (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)
101***	The following financial information from First Horizon National Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, formatted in XBRL: (i) Consolidated Condensed Statements of Condition (Unaudited) at June 30, 2015 and 2014, and December 31, 2014; (ii) Consolidated Condensed Statements of Income (Unaudited) for the Three and Six Months Ended June 30, 2015 and 2014; (iii) Consolidated Condensed Statements of Comprehensive Income (Unaudited) for the Three and Six Months Ended June 30, 2015 and 2014; (iv) Consolidated Condensed Statements of Equity (Unaudited) for the Six Months Ended June 30, 2015 and 2014; (v) Consolidated Condensed Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2015 and 2014; (vi) Notes to Consolidated Condensed Financial Statements (Unaudited).
101.INS***	XBRL Instance Document
101.SCH***	XBRL Taxonomy Extension Schema
101.CAL***	XBRL Taxonomy Extension Calculation Linkbase
101.LAB***	XBRL Taxonomy Extension Label Linkbase
101.PRE***	XBRL Taxonomy Extension Presentation Linkbase
101.DEF***	XBRL Taxonomy Extension Definition Linkbase

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	FIRST HORIZON NATIONAL CORPORATION
	(Registrant)
DATE: August 5, 2015	By:	/s/ William C. Losch III
	Name:	William C. Losch III
	Title:	Executive Vice President and Chief Financial Officer
		(Duly Authorized Officer and Principal Financial Officer)

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EXHIBIT INDEX

Exhibits marked * represent management contracts or compensatory plans or arrangements required to be identified as such and filed as exhibits.

Exhibits marked ** are “furnished” pursuant to 18 U.S.C. Section 1350 and are not “filed” as part of this Report or as a separate disclosure document.

Exhibits marked *** contain or consist of interactive data file information which is unaudited and unreviewed.

In many agreements filed as exhibits, each party makes representations and warranties to other parties. Those representations and warranties are made only to and for the benefit of those other parties in the context of a business contract. Such representations and warranties may be partially or fully waived by such parties, or not enforced by such parties, in their discretion. No such representation or warranty may be relied upon by any other person for any purpose.

Exhibit No.	Description
4	FHN agrees to furnish to the Securities and Exchange Commission upon request a copy of each instrument defining the rights of the holders of the senior and subordinated long-term debt of FHN and its consolidated subsidiaries.
10.1*	Sections of Director Policy pertaining to compensation.
13	The “Interest Rate Risk Management” subsection of the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and the “Interest Rate Risk Management” subsection of Note 23 - Derivatives to FHN’s consolidated financial statements, contained, respectively, at pages 46-48 and pages 161- 163 in FHN’s 2014 Annual Report to shareholders, which material is incorporated herein by reference. That Report was furnished to shareholders in connection with the Annual Meeting of Shareholders on April 28, 2015 and portions of that Report, including those portions incorporated herein by reference, were filed by FHN as part of Exhibit 13 to its annual report on Form 10-K for the year ended December 31, 2014. Portions of the Annual Report not incorporated herein by reference are deemed not to be “filed” with the Commission with this report.
31(a)	Rule 13a-14(a) Certifications of CEO (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)
31(b)	Rule 13a-14(a) Certifications of CFO (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)
32(a)**	18 USC 1350 Certifications of CEO (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)
32(b)**	18 USC 1350 Certifications of CFO (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)
101***	The following financial information from First Horizon National Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, formatted in XBRL: (i) Consolidated Condensed Statements of Condition (Unaudited) at June 30, 2015 and 2014, and December 31, 2014; (ii) Consolidated Condensed Statements of Income (Unaudited) for the Three and Six Months Ended June 30, 2015 and 2014; (iii) Consolidated Condensed Statements of Comprehensive Income (Unaudited) for the Three and Six Months Ended June 30, 2015 and 2014; (iv) Consolidated Condensed Statements of Equity (Unaudited) for the Six Months Ended June 30, 2015 and 2014; (v) Consolidated Condensed Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2015 and 2014; (vi) Notes to Consolidated Condensed Financial Statements (Unaudited).
101.INS***	XBRL Instance Document
101.SCH***	XBRL Taxonomy Extension Schema
101.CAL***	XBRL Taxonomy Extension Calculation Linkbase
101.LAB***	XBRL Taxonomy Extension Label Linkbase
101.PRE***	XBRL Taxonomy Extension Presentation Linkbase
101.DEF***	XBRL Taxonomy Extension Definition Linkbase

121

EX-10.1

Exhibit 10.1

SECTIONS OF DIRECTOR POLICY

PERTAINING TO COMPENSATION

(As amended April 28, 2015)

This exhibit sets forth excerpts from the Director Policy of First Horizon National Corporation of all sections in that Policy pertaining to compensation of directors. Other sections of the Policy have been omitted.

II. IMPLEMENTATION

* * * * *

Compensation

General. In addition to the other compensation set forth in this section, outside directors on the FHNC Board will receive the compensation set forth in the table below for their service as a director.

Base Retainer – $130,000 total:	$	65,000 cash annually
	$	65,000 RSUs annually
Additional retainers:		Annual cash amounts:
Lead director	$	20,000
Outside Chairman of the Board*	$	125,000
Chairman of Audit Committee	$	32,000
Chairman of Executive & Risk Committee	$	28,000
Chairman of Compensation Committee	$	17,500
Chairman of other committees **	$	10,000
Non-chair service on Audit Committee	$	8,000
Non-chair service on Executive & Risk Committee	$	8,000

* The Board may determine to pay this additional retainer in whole or part in RSUs. If there is an outside Chairman, the Chairman’s additional retainer is to be paid in lieu of all committee-related additional retainer amounts other than for service on the Executive & Risk Committee.

** No extra compensation is paid to an Audit Committee member for Trust Audit Committee service.

No extra compensation is paid for meeting attendance, special meetings, or special committee service unless approved by the Board. Outside directors are not separately compensated for FTB Board or FTB committee service. Inside directors will receive no compensation for Board or committee membership or chairmanship. The total of each director’s cash base retainer and additional retainer amounts (“total cash compensation”) will be calculated after the organization meeting of the Board following the annual meeting of shareholders based on committee assignments and lead director status established or continued at that Board meeting. Each director’s total cash compensation will be divided into four equal installments and paid quarterly in advance during the pay year. Directors are permitted to elect to defer cash compensation into an interest-accruing account of the First Horizon National Corporation Non-Qualified Deferred Compensation Plan or any other duly adopted deferral plan, now existing or hereafter approved. As used in this section of this Policy, a “calendar year” consists of the twelve months January through December while a “pay year” consists of the last three quarters of a calendar year plus the first quarter of the next year.

RSU Awards. The dollar amount of the RSU portion of each director’s base retainer will be converted into an award of restricted stock units (“RSUs”) granted under FHNC’s Equity Compensation Plan or any duly adopted successor plan. An RSU represents the right to receive a share of FHNC common stock at vesting as provided below. RSU awards for each pay year are to be granted annually in advance promptly after the organization meeting of the Board following the annual meeting of shareholders. The number of RSUs to be granted for the pay year will be determined as provided below under “Administration”. RSUs granted to directors: generally will vest on April 2 of the calendar year following grant; will earn dividend equivalents that will cumulate without interest and be paid in cash at vesting; and will carry no voting or other rights associated with actual stock. When vesting occurs, shares will be delivered reasonably promptly (but no more than four weeks) thereafter, and may be delivered electronically, through an administrative vendor, or otherwise as is administratively convenient. Each director is responsible for any income or other taxes associated with RSUs.

RSUs and Termination of Service. If a director ceases to serve on the Board for any reason, then all unvested RSUs will be forfeited unless the departure is due to one of these exceptions: death, disability, acceptance of a Bylaw tender, normal shareholder action, or change in control. In cases involving one of those exceptions: forfeiture will be avoided and vesting of RSUs will be accelerated to the date of departure. In addition, in connection with retirement a director may request the Board to waive forfeiture caused by that departure in whole or part. For purposes of non-employee director equity-based awards: “disability” means total and permanent disability; and “fair market value” and “change in control” have the meanings given in the plan under which the award was granted. A “Bylaw tender” by a director is a tender of resignation required by Section 7.1(b) of FHNC’s Bylaws (or any successor section) associated with the director leaving his or her principal outside position; and, an “acceptance” of a Bylaw tender means the acceptance by the Board of such a tender of resignation. A director would leave the Board by “normal shareholder action” if he or she stands for re-election at the annual or other meeting of shareholders and either is voted out of office directly or fails to receive a majority of the votes cast and as a result is required to tender his or her resignation which is accepted by the Board. “Normal shareholder action” does not include removal from the Board for misconduct or other cause. Although the Board may act as it deems appropriate, traditionally for non-employee directors “retirement” means any termination, not caused by death or disability, after the attainment of age 65 or ten years of service as a director of FHNC.

Timing Matters. No director who is not standing for re-election at the next annual meeting is entitled to any compensation pertaining to the second quarter of the final calendar year he or she is in office, except that RSUs vesting on April 2 of that quarter shall not be disturbed by this sentence.

No continuing director is entitled to any compensation pertaining to a pay year unless and until: (a) he or she has been re-elected at the annual meeting of shareholders occurring during that pay year and has not resigned pursuant to a Bylaw tender; or (b) if the regular Board meeting of the first quarter of a pay year (the second quarter of the calendar year) begins prior to the annual meeting, he or she attends and participates as a director in that regular Board meeting.

If a new non-employee director first is elected to the Board after the annual meeting of shareholders, his or her compensation will be pro-rated and generally will begin with that quarter during which he or she first attends, and participates as a director in, a regular quarterly Board meeting. For example, a new non-employee director who is first elected in October, who attends the regular Board meeting for the fourth calendar quarter, and who participates in that meeting as a director, would receive compensation pro-rated for the remainder of the pay year, or 50% of a full pay year. Such compensation would include total cash compensation paid quarterly and a part-year award of RSUs. Cash compensation for the remainder of the pay year will be determined based on the new director’s initial committee assignments.

Assignment Change. If a non-employee director’s committee, lead director, or chairman assignments are changed after the organization board meeting in the first quarter of a pay year (in this paragraph, an “assignment change”), then the quarterly payments of total cash compensation for that director for the remainder of the pay year will be adjusted up or down as follows. Management will re-calculate the director’s total cash compensation for the pay year on a blended basis, based on the quarters during which the original assignment was effective and the quarters during which the new assignment will be effective, to arrive at a new blended total cash compensation amount for the pay year. Management then will subtract from that total the cash payments (or deferrals) made to date for that pay year. The difference will be paid to the director in equal installments over the remaining quarters of the pay year. If assignment changes are made more than once for a particular director during a pay year, management shall apply the principles of this paragraph as equitably as possible to avoid an unfair windfall or shortfall.

RSU Administration. The number of RSUs granted shortly after the annual meeting will be determined by dividing the annual dollar amount of the RSU retainer by the average fair market value of FHNC’s common stock measured during the period of five consecutive trading days ending on the trading day immediately preceding the organization meeting of the Board for the pay year. However, that five-day period will be delayed to the minimum extent possible if any part of it precedes or includes the day first-quarter earnings are announced so that the entire five-day pricing period for the grant falls after the day of the announcement. The formal grant date will be determined by management for administrative necessity and expedience consistent with the provisions of this Policy. For an award of part-year RSUs to a director elected after the annual meeting, the foregoing principles will be applied using the later election date and earnings announcement date.

The RSU awards are to be implemented by management without further action by the Board. However, in a particular case or circumstance, the Board may change or make specific exceptions to any equity award otherwise called for above. The Board may waive any forfeiture in whole or part in its discretion, subject to any conditions the Board may choose to impose. Directors may receive such other awards under the Company’s Equity Compensation Plan, or any duly adopted successor plan, as may be approved by the Board. Perquisites and other benefits for non-employee directors are to be provided or paid as approved by the Board.

Regional Board Service. To improve the directors’ knowledge and understanding of FHNC and FTB and their markets, customers, and officers, and to enhance each director’s service as a director of FHNC, FHNC’s non-employee directors are encouraged to become, where practicable, members of one of FTB’s Regional Boards. A director who becomes a member of a Regional Board shall not be compensated as a member of the Regional Board but shall receive attendance fees for attendance at Regional Board meetings (at the same rate as is paid for other Regional Board members, not to exceed $500 per meeting) as part of his or her FHNC director compensation. Such director shall report back to the FHNC Board regarding his or her attendance at Regional Board meetings. Membership by an FHNC director on a Regional Board is deemed by FHNC’s Board of Directors to be part of the FHNC director’s service as a director of FHNC.

* * * * *

Retirement

Directors of FHNC or FTB shall be retired from the Board of Directors in accordance with the applicable provisions of the Bylaws of FHNC or FTB as in effect on the date hereof and as they may be amended from time to time.

Other

This policy shall be implemented by the Chairman of the Board in cooperation with the Nominating and Corporate Governance Committee of the Board of Directors of FHNC and FTB. The Chairman of the Board may adopt appropriate interpretations and procedures to assist in implementation of this Policy.

III. DELEGATION OF AUTHORITY

The Chairman of the Board and the Nominating and Corporate Governance Committee severally are delegated the authority to make exceptions to any provision of this Policy except the provisions dealing with compensation, retirement, and any matter required by the Charter or Bylaws of FHNC or FTB, or by any law, regulation or listing standard, to be acted upon only by the Board. Any exception to this policy shall be reported to the Board at its next regularly scheduled meeting.

EX-31.A

Exhibit 31(a)

FIRST HORIZON NATIONAL CORPORATION

RULE 13a – 14(a) CERTIFICATIONS OF CEO

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

(QUARTERLY REPORT)

CERTIFICATIONS

I, D. Bryan Jordan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of First Horizon National Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2015

/s/ D. Bryan Jordan

D. Bryan Jordan

Chairman of the Board, President and Chief Executive Officer

EX-31.B

Exhibit 31(b)

FIRST HORIZON NATIONAL CORPORATION

RULE 13a – 14(a) CERTIFICATIONS OF CFO

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

(QUARTERLY REPORT)

CERTIFICATIONS

I, William C. Losch III, certify that:

1. I have reviewed this quarterly report on Form 10-Q of First Horizon National Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2015

/s/ William C. Losch III

William C. Losch III

Executive Vice President and Chief Financial Officer

EX-32.A

Exhibit 32(a)

CERTIFICATION OF PERIODIC REPORT

18 USC 1350 CERTIFICATIONS OF CEO

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,

As Codified at 18 U.S.C. Section 1350

I, the undersigned D. Bryan Jordan, Chairman of the Board, President and Chief Executive Officer of First Horizon National Corporation (“Corporation”), hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, as follows:

1. The Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934.

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Corporation.

Dated: August 5, 2015

/s/ D. Bryan Jordan

D. Bryan Jordan

Chairman of the Board, President and Chief Executive Officer

EX-32.B

Exhibit 32(b)

CERTIFICATION OF PERIODIC REPORT

18 USC 1350 CERTIFICATIONS OF CFO

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,

As Codified at 18 U.S.C. Section 1350

I, the undersigned William C. Losch III, Executive Vice President and Chief Financial Officer of First Horizon National Corporation (“Corporation”), hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, as follows:

1. The Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934.

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Corporation.

Dated: August 5, 2015

/s/ William C. Losch III

William C. Losch III

Executive Vice President and Chief Financial Officer

XML

Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2015

Variable Interest Entities [Abstract]

Summary Of VIEs Consolidated By FHN

The following table summarizes VIEs consolidated by FHN as of June 30, 2015 and 2014:
			June 30, 2015						June 30, 2014
			On-Balance Sheet Consumer Loan Securitization			Rabbi Trusts Used for Deferred Compensation Plans			On-Balance Sheet Consumer Loan Securitization			Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)			Carrying Value			Carrying Value			Carrying Value			Carrying Value
Assets:
Cash and due from banks				$	1,382			N/A		$	-			N/A
Loans, net of unearned income					66,444			N/A			84,381			N/A
	Less: Allowance for loan losses				214			N/A			725			N/A
		Total net loans			66,230			N/A			83,656			N/A
Other assets					184		$	69,077			410		$	66,360
Total assets				$	67,796		$	69,077		$	84,066		$	66,360
Liabilities:
Term borrowings				$	55,679			N/A		$	74,103			N/A
Other liabilities					3		$	51,861			4		$	50,816
Total liabilities				$	55,682		$	51,861		$	74,107		$	50,816

Summary of the Impact of Qualifying LIHTC Investments

LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not material for the three and six months ended June 30, 2015 and 2014. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Condensed Statements of Income for the three and six month periods ending June 30, 2015 and 2014 for LIHTC investments accounted for under the proportional amortization method.
		Three Months Ended				Six Months Ended
		June 30				June 30
(Dollars in thousands)		2015		2014		2015		2014
Provision/(benefit) for income taxes:
Amortization of qualifying LIHTC investments	$	2,180	$	2,470	$	4,360	$	4,940
Low income housing tax credits		(2,363)		(2,463)		(4,726)		(4,925)
Other tax benefits related to qualifying LIHTC investments		(755)		(1,864)		(1,599)		(3,719)

Summary Of VIEs Not Consolidated By FHN

The following table summarizes FHN’s nonconsolidated VIEs as of June 30, 2015:
	Maximum		Liability
(Dollars in thousands)	Loss Exposure		Recognized			Classification
Type
Low income housing partnerships	$	68,405		$	11,976	(a)
Other Tax Credit Investments (b) (c)		21,690			-	Other assets
Small issuer trust preferred holdings (d)		344,321			-	Loans, net of unearned income
On-balance sheet trust preferred securitization		50,506			63,686	(e)
Proprietary trust preferred issuances (f)		N/A			206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		24,664			-	(g)
Holdings of agency mortgage-backed securities (d)		3,929,684			-	(h)
Short positions in agency mortgage-backed securities (f)		N/A			1,486	Trading liabilities
Commercial loan troubled debt restructurings (i) (j)		36,047			-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A			N/A	N/A

• Maximum loss exposure represents $56.4 million of current investments and $12.0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $63.7 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $.6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $4.9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $19.1 million are classified as Other assets.
• Includes $473.8 million classified as Trading securities and $3.5 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $30.9 million of current receivables and $5.1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

The following table summarizes FHN's nonconsolidated VIEs as of June 30, 2014:
	Maximum		Liability
(Dollars in thousands)	Loss  Exposure		Recognized		Classification
Type
Low income housing partnerships	$	60,134	$	6,471	(a)
Other Tax Credit Investments (b) (c)		22,359		-	Other assets
Small issuer trust preferred holdings (d)		364,942		-	Loans, net of unearned income
On-balance sheet trust preferred securitization		52,682		61,491	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		35,118		-	(g)
Holdings of agency mortgage-backed securities (d)		3,703,941		-	(h)
Short positions in agency mortgage-backed securities (f)		N/A		1,092	Trading liabilities
Commercial loan troubled debt restructurings (i) (j)		57,157		-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Financial Information for additional information.

• Maximum loss exposure represents $53.7 million of current investments and $6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $61.5 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $6.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations. Aggregate servicing advances of $27.6 million are classified as Other assets.
• Includes $371.7 million classified as Trading securities and $3.3 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $54.0 million of current receivables and $3.1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

XML

Loans (Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade) (Details)		Jun. 30, 2015 USD ($) number	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) number	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 221,351,000	$ 228,328,000	$ 232,448,000	$ 243,628,000	$ 247,246,000	$ 253,809,000
Total loans collectively evaluated for impairment		16,559,020,000			15,381,698,000
Total loans individually evaluated for impairment		347,901,000			371,136,000
Allowance - collectively evaluated for impairment		145,587,000			172,276,000
Allowance - individually evaluated for impairment		72,980,000			68,897,000
Allowance - purchased credit impaired loans		2,784,000			2,455,000
Purchase credit impaired loans - recorded investment		29,851,000			42,875,000
General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		7,666,733,000			6,908,103,000
Total loans individually evaluated for impairment		42,951,000			47,884,000
Total commercial loans		7,714,731,000			6,962,767,000
Purchase credit impaired loans - recorded investment		5,047,000			6,780,000
Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		1,799,665,000			1,101,282,000
Total loans individually evaluated for impairment		0			0
Total commercial loans		1,799,665,000			1,101,282,000
Purchase credit impaired loans - recorded investment		0			0
TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment	[1]	305,382,000			335,267,000
Total loans individually evaluated for impairment	[1]	12,785,000			3,520,000
Total commercial loans	[1]	318,167,000			338,787,000
LOCOM valuation allowance		$ 26,200,000			$ 26,200,000
Highest internal grade | number		13			13
Purchase credit impaired loans - recorded investment		$ 0			$ 0
Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		1,348,127,000			1,138,647,000
Total loans individually evaluated for impairment		10,975,000			15,680,000
Total commercial loans		1,379,714,000			1,187,678,000
Purchase credit impaired loans - recorded investment		20,612,000			33,351,000
Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans collectively evaluated for impairment		17,719,000			34,701,000
Total loans individually evaluated for impairment		1,518,000			7,177,000
Total commercial loans		21,001,000			43,835,000
Purchase credit impaired loans - recorded investment		$ 1,764,000			$ 1,957,000
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of total commercial loans		100.00%			100.00%
Allowance for loan losses		$ 100,242,000			$ 84,412,000
Total loans collectively evaluated for impairment		11,137,626,000			9,518,000,000
Total loans individually evaluated for impairment		68,229,000			74,261,000
Total commercial loans		11,233,278,000			9,634,349,000
Allowance - collectively evaluated for impairment		84,389,000			76,616,000
Allowance - individually evaluated for impairment		13,562,000			5,383,000
Allowance - purchased credit impaired loans		$ 2,291,000			$ 2,413,000
Percent of loan collectively evaluated for impairment		99.00%			99.00%
Percent of loan individually evaluated for impairment		1.00%			1.00%
Purchase credit impaired loans - recorded investment		$ 27,423,000			$ 42,088,000
Percent of loan purchased-credit impaired		0.00%			0.00%
Commercial Loan P D Grade One [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 496,409,000			$ 366,235,000
Percent of total commercial loans		4.00%			4.00%
Allowance for loan losses		$ 126,000			$ 0
Commercial Loan P D Grade One [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		495,855,000			366,235,000
Commercial Loan P D Grade One [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			0
Commercial Loan P D Grade One [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade One [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		554,000			0
Commercial Loan P D Grade One [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			0
Commercial Loan P D Grade Two [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 601,971,000			$ 263,926,000
Percent of total commercial loans		5.00%			3.00%
Allowance for loan losses		$ 332,000			$ 245,000
Commercial Loan P D Grade Two [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		590,328,000			260,581,000
Commercial Loan P D Grade Two [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			0
Commercial Loan P D Grade Two [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Two [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		11,602,000			3,110,000
Commercial Loan P D Grade Two [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		41,000			235,000
Commercial Loan P D Grade Three [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 886,287,000			$ 438,252,000
Percent of total commercial loans		8.00%			5.00%
Allowance for loan losses		$ 350,000			$ 307,000
Commercial Loan P D Grade Three [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		484,072,000			360,700,000
Commercial Loan P D Grade Three [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		317,856,000			76,569,000
Commercial Loan P D Grade Three [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Three [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		84,178,000			983,000
Commercial Loan P D Grade Three [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		181,000			0
Commercial Loan P D Grade Four [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 1,134,506,000			$ 472,585,000
Percent of total commercial loans		10.00%			5.00%
Allowance for loan losses		$ 868,000			$ 746,000
Commercial Loan P D Grade Four [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		670,972,000			387,884,000
Commercial Loan P D Grade Four [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		366,791,000			77,110,000
Commercial Loan P D Grade Four [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Four [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		96,689,000			7,591,000
Commercial Loan P D Grade Four [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		54,000			0
Commercial Loan P D Grade Five [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 1,658,774,000			$ 986,869,000
Percent of total commercial loans		15.00%			10.00%
Allowance for loan losses		$ 6,372,000			$ 2,579,000
Commercial Loan P D Grade Five [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,135,773,000			760,726,000
Commercial Loan P D Grade Five [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		304,500,000			62,031,000
Commercial Loan P D Grade Five [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Five [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		213,213,000			158,071,000
Commercial Loan P D Grade Five [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		5,288,000			6,041,000
Commercial Loan P D Grade Six [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 2,114,331,000			$ 1,385,329,000
Percent of total commercial loans		20.00%			14.00%
Allowance for loan losses		$ 10,234,000			$ 1,674,000
Commercial Loan P D Grade Six [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,223,233,000			991,013,000
Commercial Loan P D Grade Six [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		618,616,000			199,651,000
Commercial Loan P D Grade Six [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Six [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		267,983,000			189,927,000
Commercial Loan P D Grade Six [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		4,499,000			4,738,000
Commercial Loan P D Grade Seven [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 1,694,381,000			$ 1,664,135,000
Percent of total commercial loans		15.00%			17.00%
Allowance for loan losses		$ 13,203,000			$ 2,696,000
Commercial Loan P D Grade Seven [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,186,480,000			1,189,915,000
Commercial Loan P D Grade Seven [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		139,217,000			182,749,000
Commercial Loan P D Grade Seven [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Seven [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		365,840,000			285,384,000
Commercial Loan P D Grade Seven [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		2,844,000			6,087,000
Commercial Loan P D Grade Eight [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 941,748,000			$ 1,300,343,000
Percent of total commercial loans		8.00%			13.00%
Allowance for loan losses		$ 13,942,000			$ 2,739,000
Commercial Loan P D Grade Eight [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		749,504,000			771,697,000
Commercial Loan P D Grade Eight [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		28,068,000			301,174,000
Commercial Loan P D Grade Eight [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Eight [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		163,904,000			227,419,000
Commercial Loan P D Grade Eight [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		272,000			53,000
Commercial Loan P D Grade Nine [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 488,439,000			$ 924,514,000
Percent of total commercial loans		4.00%			10.00%
Allowance for loan losses		$ 7,900,000			$ 5,896,000
Commercial Loan P D Grade Nine [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		419,687,000			686,657,000
Commercial Loan P D Grade Nine [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		24,617,000			123,423,000
Commercial Loan P D Grade Nine [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Nine [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		43,752,000			108,523,000
Commercial Loan P D Grade Nine [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		383,000			5,911,000
Commercial Loan P D Grade Ten [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 250,841,000			$ 494,711,000
Percent of total commercial loans		2.00%			5.00%
Allowance for loan losses		$ 5,147,000			$ 5,379,000
Commercial Loan P D Grade Ten [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		222,799,000			375,862,000
Commercial Loan P D Grade Ten [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			77,058,000
Commercial Loan P D Grade Ten [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Ten [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		27,840,000			40,228,000
Commercial Loan P D Grade Ten [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		202,000			1,563,000
Commercial Loan P D Grade Eleven [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 204,220,000			$ 391,790,000
Percent of total commercial loans		2.00%			4.00%
Allowance for loan losses		$ 5,438,000			$ 8,397,000
Commercial Loan P D Grade Eleven [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		179,139,000			361,870,000
Commercial Loan P D Grade Eleven [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			1,517,000
Commercial Loan P D Grade Eleven [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Eleven [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		24,010,000			26,275,000
Commercial Loan P D Grade Eleven [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		1,071,000			2,128,000
Commercial Loan P D Grade Twelve [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 94,636,000			$ 169,910,000
Percent of total commercial loans		1.00%			2.00%
Allowance for loan losses		$ 2,704,000			$ 1,857,000
Commercial Loan P D Grade Twelve [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		76,209,000			136,560,000
Commercial Loan P D Grade Twelve [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			0
Commercial Loan P D Grade Twelve [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			0
Commercial Loan P D Grade Twelve [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		17,884,000			32,356,000
Commercial Loan P D Grade Twelve [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		543,000			994,000
Commercial Loan P D Grade Thirteen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 432,164,000			$ 457,730,000
Percent of total commercial loans		4.00%			5.00%
Allowance for loan losses		$ 4,944,000			$ 6,435,000
Commercial Loan P D Grade Thirteen [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		122,862,000			120,903,000
Commercial Loan P D Grade Thirteen [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			0
Commercial Loan P D Grade Thirteen [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	305,382,000			325,882,000
Commercial Loan P D Grade Thirteen [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		3,633,000			8,938,000
Commercial Loan P D Grade Thirteen [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		287,000			2,007,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 138,919,000			$ 201,671,000
Percent of total commercial loans		1.00%			2.00%
Allowance for loan losses		$ 12,829,000			$ 37,666,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		109,820,000			137,500,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		0			0
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade	[1]	0			9,385,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		27,045,000			49,842,000
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan, Disaggregated by PD grade		$ 2,054,000			$ 4,944,000

[1] Balances as of June 30 , 2015 and 2014 , each presented net of $ 26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is " 13 ".

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Investment Securities (Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	$ 1,079,055	$ 471,296
Less than 12 months, Unrealized Losses	(10,219)	(2,385)
12 months or longer, Fair Value	484,512	1,113,455
12 months or longer, Unrealized Losses	(12,991)	(33,328)
Total Fair Value	1,563,567	1,584,751
Total Unrealized Losses	(23,210)	(35,713)
Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	845,534	437,212
Less than 12 months, Unrealized Losses	(7,734)	(2,276)
12 months or longer, Fair Value	450,079	1,004,964
12 months or longer, Unrealized Losses	(11,967)	(31,789)
Total Fair Value	1,295,613	1,442,176
Total Unrealized Losses	(19,701)	(34,065)
Government Agency Issued Mortgage-Backed Securities ("MBS")
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	233,521	34,041
Less than 12 months, Unrealized Losses	(2,485)	(83)
12 months or longer, Fair Value	33,582	108,491
12 months or longer, Unrealized Losses	(784)	(1,539)
Total Fair Value	267,103	142,532
Total Unrealized Losses	(3,269)	(1,622)
Total debt securities
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	1,079,055	471,253
Less than 12 months, Unrealized Losses	(10,219)	(2,359)
12 months or longer, Fair Value	483,661	1,113,455
12 months or longer, Unrealized Losses	(12,751)	(33,328)
Total Fair Value	1,562,716	1,584,708
Total Unrealized Losses	(22,970)	(35,687)
Equity
Schedule of Investments [Line Items]
Less than 12 months, Fair Value	0	43
Less than 12 months, Unrealized Losses	0	(26)
12 months or longer, Fair Value	851	0
12 months or longer, Unrealized Losses	(240)	0
Total Fair Value	851	43
Total Unrealized Losses	$ (240)	$ (26)

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Contingencies And Other Disclosures (Narrative I) (Details) shares in Millions	1 Months Ended	6 Months Ended	36 Months Ended
	Oct. 31, 2014 USD ($)	Jun. 30, 2015 USD ($) number shares	Dec. 31, 2007 number	Jun. 25, 2015 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Mar. 31, 2008 shares
Loss Contingencies [Line Items]
Estimated Litigation Liability		$ 6,300,000
Number of GSEs to which conventional conforming single-family mortgage loans were predominately sold to | number		2
Percent Of Repurchase Make Whole Claims Related To Private Whole Loan Sales		51.00%
Loan-to-value ratio at origination		80.00%
Accrued losses on loan repurchase exposure		$ 117,200,000				$ 141,600,000
Unpaid principal balance of servicing portfolio		228,500,000					$ 15,000,000,000
Fha Insured [Member]
Loss Contingencies [Line Items]
Amount Of Insurance Recoveries Company Is Pursuing		75,000,000
Litigation Settlement Expense		212,500,000
Mortgage Securitization Litigation [Member]
Loss Contingencies [Line Items]
Investment in proprietary securitizations subject to lawsuits		195,700,000
Investment in proprietary securitizations subject to indemnifications		613,900,000
F H Proprietary Securitization [Member]
Loss Contingencies [Line Items]
Number of securitization trusts active | number			80
Remaining balance in mortgage loans		$ 5,500,000,000
Visa Class B Shares [Member]
Loss Contingencies [Line Items]
Number of Visa Class B shares | shares		1.1						2.4
Additional amount deposited into escrow account by Visa					$ 450,000,000
Cash payment to counterparty	$ 2,400,000
Estimated conversion ratio		165.00%
Contingent liability		$ 800,000
Derivative liability		4,800,000				$ 4,700,000
Historical cost		0
Amount disputed related to various items for transfers of subservicers
Loss Contingencies [Line Items]
Actual damages sought by plaintiff		8,600,000
Subservicer expenditure reimbursement amount disputed
Loss Contingencies [Line Items]
Actual damages sought by plaintiff		34,900,000
Alt-A [Member] | F H Proprietary Securitization [Member]
Loss Contingencies [Line Items]
Remaining balance in mortgage loans		3,900,000,000
Jumbo Mortgage Loans [Member] | F H Proprietary Securitization [Member]
Loss Contingencies [Line Items]
Remaining balance in mortgage loans		1,700,000,000
Minimum
Loss Contingencies [Line Items]
Estimated reasonably possible losses in excess of currently established liabilities		0
Minimum | Debit Transaction Sequencing Matter [Member]
Loss Contingencies [Line Items]
Actual damages sought by plaintiff		5,000,000
Maximum
Loss Contingencies [Line Items]
Estimated reasonably possible losses in excess of currently established liabilities		$ 75,000,000
Investments Subject To Lawsuits [Member] | Mortgage Securitization Litigation [Member]
Loss Contingencies [Line Items]
Ending certificate balance of the investments subject to lawsuits				$ 229,100,000
Investments percentage performing				85.00%
Cumulative losses on investments, percentage of unpaid balance				7.00%

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Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC) (Details)	Jun. 30, 2015 USD ($) number		Dec. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) number
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income | $	$ 16,936,772,000	[1]	$ 16,230,166,000	$ 15,795,709,000
Home Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 2,262,500,000			$ 2,666,090,000
Avg orig FICO	742			741
Avg Refreshed FICO	732			732
Loans, net of unearned income | $	$ 2,262,500,000			$ 2,666,090,000
Home Equity | Origination Vintage Period Pre 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 46,789,000			$ 68,332,000
Avg orig FICO	708			708
Avg Refreshed FICO	703			703
Home Equity | Origination Vintage Period 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 86,928,000			$ 120,962,000
Avg orig FICO	720			723
Avg Refreshed FICO	709			710
Home Equity | Origination Vintage Period 2004
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 236,022,000			$ 346,431,000
Avg orig FICO	723			725
Avg Refreshed FICO	708			713
Home Equity | Origination Vintage Period 2005
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 382,946,000			$ 500,404,000
Avg orig FICO	730			732
Avg Refreshed FICO	718			722
Home Equity | Origination Vintage Period 2006
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 306,652,000			$ 365,886,000
Avg orig FICO	739			740
Avg Refreshed FICO	727			728
Home Equity | Origination Vintage Period 2007
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 327,360,000			$ 384,391,000
Avg orig FICO	744			743
Avg Refreshed FICO	729			729
Home Equity | Origination Vintage Period 2008
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 183,224,000			$ 208,637,000
Avg orig FICO	753			753
Avg Refreshed FICO	748			748
Home Equity | Origination Vintage Period 2009
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 92,774,000			$ 110,934,000
Avg orig FICO	752			751
Avg Refreshed FICO	744			745
Home Equity | Origination Vintage Period 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 88,337,000			$ 106,954,000
Avg orig FICO	754			753
Avg Refreshed FICO	747			750
Home Equity | Origination Vintage Period 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 86,584,000			$ 105,295,000
Avg orig FICO	758			759
Avg Refreshed FICO	751			755
Home Equity | Origination Vintage Period 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 107,715,000			$ 128,733,000
Avg orig FICO	760			759
Avg Refreshed FICO	757			759
Home Equity | Origination Vintage Period 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 136,449,000			$ 167,149,000
Avg orig FICO	757			760
Avg Refreshed FICO	757			760
Home Equity | Origination Vintage Period 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 120,544,000			$ 51,982,000
Avg orig FICO	761			760
Avg Refreshed FICO	763			762
Home Equity | Origination Vintage Period 2015 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC - Period End Balance | $	$ 60,176,000			$ 0
Avg orig FICO	764			0
Avg Refreshed FICO	763			0

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

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Derivatives (Narrative) (Details) - Derivative Contract Type [Domain] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jan. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Collateral cash receivables	$ 80,600,000	$ 101,600,000	$ 80,600,000	$ 101,600,000
Collateral cash payables	41,100,000	71,300,000	41,100,000	71,300,000
Total trading revenues	46,700,000	40,500,000	$ 100,200,000	90,100,000
Noncallable senior debt maturing date			Dec. 01, 2015
Other Long-term Debt	1,557,647,000	1,501,209,000	$ 1,557,647,000	1,501,209,000		$ 1,880,105,000
Hedged amount of foreign currency denominated loans	3,500,000	800,000	3,500,000	800,000
Borrowings matured					$ 304,000,000
Visa Class B Shares [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities related to sale	4,800,000	4,700,000	$ 4,800,000	4,700,000
First Tennessee Bank National Association [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Noncallable senior debt maturing date			Dec. 01, 2019
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Shortcut Method [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging	9,100,000	28,100,000	$ 9,100,000	28,100,000
Other Long-term Debt	250,000,000	554,000,000	250,000,000	554,000,000
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging	4,500,000	14,000,000	4,500,000	14,000,000
Other Long-term Debt	500,000,000	500,000,000	500,000,000	500,000,000
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member] | First Tennessee Bank National Association [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging	2,300,000		2,300,000
Other Long-term Debt	400,000,000		400,000,000
Subordinated Debentures Subject To Mandatory Redemption Amounts Redeemed [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net fair value of interest rate derivatives hedging subordinated debt	5,100,000	12,100,000	5,100,000	12,100,000
Other Long-term Debt	200,000,000	200,000,000	200,000,000	200,000,000
Additional Derivative Agreements [Member] | Derivative Instruments With Accelerated Termination Provisions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Collateral received	144,200,000	190,600,000	144,200,000	190,600,000
Securities posted collateral	23,300,000	28,800,000	23,300,000	28,800,000
Net fair value of derivative assets with adjustable posting thresholds	72,500,000	116,800,000	72,500,000	116,800,000
Net fair value of derivative liabilities with adjustable posting thresholds	17,000,000	23,200,000	17,000,000	23,200,000
Additional Derivative Agreements [Member] | Derivative Instruments With Adjustable Collateral Posting Thresholds [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Collateral received	144,200,000	190,600,000	144,200,000	190,600,000
Securities posted collateral	71,900,000	92,300,000	71,900,000	92,300,000
Net fair value of derivative assets with adjustable posting thresholds	72,500,000	116,800,000	72,500,000	116,800,000
Net fair value of derivative liabilities with adjustable posting thresholds	$ 71,600,000	$ 91,600,000	$ 71,600,000	$ 91,600,000

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Investment Securities (Schedule Of Amortized Cost And Fair Value By Contractual Maturity) (Details) - USD ($)		Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Schedule of Investments [Line Items]
Within 1 year, Amortized Cost		$ 1,539,000
After 1 year; within 5 years, Amortized Cost		1,600,000
After 5 years; within 10 years, Amortized Cost		0
After 10 years, Amortized Cost		7,955,000
Subtotal, Amortized Cost		11,094,000
Within 1 year, Fair Value		1,560,000
After 1 year; within 5 years, Fair Value		1,600,000
After 5 years; within 10 years, Fair Value		0
After 10 years, Fair Value		7,955,000
Subtotal, Fair Value		11,115,000
Securities available for sale, Amortized Cost		3,622,145,000	[1]		$ 3,551,256,000	[2]
Securities available for sale		3,648,860,000	[1]	$ 3,556,613,000	3,576,542,000	[2]
HTM, Within 1 year, Amortized Cost		0
HTM, After 1 year; within 5 years, Amortized Cost		0
HTM, After 5 years; within 10 years, Amortized Cost		0
HTM, After 10 years, Amortized Cost		4,306,000
HTM Subtotal, Amortized Cost		4,306,000
HTM, Within 1 year, Fair Value		0
HTM, After 1 year; within 5 years, Fair Value		0
HTM, After 5 years; within 10 years, Fair Value		0
HTM, After 10 years, Fair Value		5,356,000
HTM Subtotal, Fair Value		5,356,000
Securities held to maturity, Amortized cost		4,306,000		$ 4,292,000	4,279,000
Securities held to maturity, Fair Value		5,356,000			5,556,000
Government Agency Issued MBS And CMO
Schedule of Investments [Line Items]
Securities available for sale, Amortized Cost	[3]	3,428,992,000
Securities available for sale	[3]	3,455,926,000
Securities held to maturity, Amortized cost	[3]	0
Securities held to maturity, Fair Value	[3]	0
Equity and other
Schedule of Investments [Line Items]
Securities available for sale, Amortized Cost		182,059,000	[4]		187,106,000	[5]
Securities available for sale		181,819,000	[4]		$ 187,097,000	[5]
Securities held to maturity, Amortized cost		0
Securities held to maturity, Fair Value		$ 0

[1] Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

[4] Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 65.8 million. The remainder is money market and cost method investments.

[5] Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments.

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Other Income And Other Expense (Tables)

6 Months Ended

Jun. 30, 2015

Other Income And Other Expense [Abstract]

Other Income And Other Expense

Following is detail of All other income and commissions and All other expense as presented in the Consolidated Condensed Statements of Income:
	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars in thousands)	2015		2014		2015		2014
All other income and commissions:
ATM interchange fees	$	3,025	$	2,746	$	5,786	$	5,243
Letter of credit fees		1,532		1,173		2,655		2,836
Electronic banking fees		1,459		1,535		2,887		3,069
Deferred compensation (a)		(35)		1,184		998		1,841
Gain/(loss) on extinguishment of debt		-		-		-		(4,350)
Other		6,421		2,597		9,546		5,490
Total	$	12,402	$	9,235	$	21,872	$	14,129
All other expense:
Other insurance and taxes	$	3,455	$	3,209	$	6,784	$	6,269
Travel and entertainment		2,632		2,645		4,246		4,469
Customer relations		1,505		1,680		2,819		2,923
Employee training and dues		1,449		1,200		2,581		2,066
Supplies		880		804		1,807		1,920
Miscellaneous loan costs		734		839		1,095		1,553
Tax credit investments		549		862		944		1,187
Litigation and regulatory matters		-		(38,200)		162,500		(38,110)
Other		9,307		8,902		17,730		18,147
Total	$	20,511	$	(18,059)	$	200,506	$	424

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1-Financial Information for addition information.

• Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense.

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Derivatives (Derivatives Associated with Capital Markets Trading Activities) (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Customer Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	$ 1,640,844,000	$ 1,760,032,000
Assets	66,078,000	80,710,000
Liabilities	3,285,000	4,948,000
Offsetting Upstream Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	1,640,844,000	1,760,032,000
Assets	3,285,000	4,948,000
Liabilities	66,078,000	80,710,000
Put Option [Member] | ShortMember
Derivative Instruments, Gain (Loss) [Line Items]
Notional		5,000,000
Assets		0
Liabilities		4,000
Put Option [Member] | LongMember
Derivative Instruments, Gain (Loss) [Line Items]
Notional	15,000,000	17,500,000
Assets	55,000	29,000
Liabilities	0	0
Forwards And Futures Purchased [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	2,297,489,000	2,378,633,000
Assets	2,773,000	4,571,000
Liabilities	2,174,000	330,000
Forwards And Futures Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	2,531,248,000	2,487,732,000
Assets	2,526,000	548,000
Liabilities	$ 2,614,000	$ 4,980,000

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Pension, Savings, And Other Employee Benefits (Schedule Of Components Of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 10	$ 17	$ 20	$ 34
Interest cost	9,020	8,660	18,040	17,320
Expected return on plan assets	(9,391)	(10,018)	(18,783)	(20,036)
Amortization of unrecognized, Prior service cost/(credit)	83	87	166	174
Amortization of unrecognized, Actuarial (gain)/loss	2,395	1,635	4,791	3,270
Net periodic benefit cost	2,117	381	4,234	762
Other Postretirement Benefit Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	38	55	75	110
Interest cost	360	458	720	916
Expected return on plan assets	(242)	(255)	(483)	(510)
Amortization of unrecognized, Prior service cost/(credit)	(291)	(291)	(582)	(582)
Amortization of unrecognized, Actuarial (gain)/loss	(244)	(252)	(488)	(378)
Net periodic benefit cost	$ (379)	$ (285)	$ (758)	$ (444)

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Fair Value Of Assets And Liabilities (Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value) (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Trading Account Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		$ 5,326,000	$ 6,593,000		$ 5,643,000	$ 7,200,000
Net income		69,000	43,000		239,000	(42,000)
Other comprehensive income		0	0		0	0
Purchases, assets		0	0		0	1,559,000
Issuances, assets		0	0		0	0
Sales, assets		0	0		0	(1,715,000)
Settlements, assets		(466,000)	(215,000)		(953,000)	(581,000)
Net transfers into/(out of) Level 3, assets		0	0		0	0
Ending Balance		4,929,000	6,421,000		4,929,000	6,421,000
Net unrealized gains/(losses) included in net income	[1]	69,000	(74,000)		239,000	34,000
Loans Held For Sale [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		26,700,000	229,219,000		27,910,000	230,456,000
Net income		248,000	8,214,000		1,390,000	9,401,000
Other comprehensive income		0	0		0	0
Purchases, assets		324,000	476,000		1,178,000	4,582,000
Issuances, assets		0	0		0	0
Sales, assets		0	0		0	0
Settlements, assets		(329,000)	(4,607,000)		(2,819,000)	(8,800,000)
Net transfers into/(out of) Level 3, assets	[2]	(418,000)	(815,000)		(1,134,000)	(3,152,000)
Ending Balance		26,525,000	232,487,000		26,525,000	232,487,000
Net unrealized gains/(losses) included in net income	[1]	248,000	8,214,000		1,390,000	9,401,000
Investment Portfolio [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		3,191,000	3,682,000		3,307,000	3,826,000
Net income		0	0		0	0
Other comprehensive income		(14,000)	(15,000)		(28,000)	(32,000)
Purchases, assets		0	0		0	0
Issuances, assets		0	0		0	0
Sales, assets		0	0		0	0
Settlements, assets		(117,000)	(106,000)		(219,000)	(233,000)
Net transfers into/(out of) Level 3, assets		0	0		0	0
Ending Balance		3,060,000	3,561,000		3,060,000	3,561,000
Net unrealized gains/(losses) included in net income		0	0		0	0
Venture Capital Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance			4,300,000			4,300,000
Net income			(2,000,000)			(2,000,000)
Other comprehensive income			0			0
Purchases, assets			0			0
Issuances, assets			0			0
Sales, assets			0			0
Settlements, assets			0			0
Net transfers into/(out of) Level 3, assets			0			0
Ending Balance			2,300,000			2,300,000
Net unrealized gains/(losses) included in net income	[3]		(2,000,000)			(2,000,000)
Mortgage Servicing Rights Net [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		2,342,000	4,687,000		2,517,000	72,793,000
Net income		0	113,000		0	1,246,000
Other comprehensive income		0	0		0	0
Purchases, assets		0	0		0	0
Issuances, assets		0	0		0	0
Sales, assets		0	(1,400,000)		0	(69,919,000)
Settlements, assets		(184,000)	(203,000)		(359,000)	(923,000)
Net transfers into/(out of) Level 3, assets		0	0		0	0
Ending Balance		2,158,000	3,197,000		2,158,000	3,197,000
Net unrealized gains/(losses) included in net income		0	77,000	[1]	0	150,000	[1]
Net Derivative Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		(5,005,000)	(4,945,000)		(5,240,000)	(2,915,000)
Net income		(107,000)	(101,000)		(164,000)	(2,442,000)
Other comprehensive income		0	0		0	0
Purchases, liabilities		0	0		0	0
Issuances, liabilities		0	0		0	0
Sales, liabilities		0	0		0	0
Settlements, liabilities		302,000	321,000		594,000	632,000
Net transfers in/(out) level 3, liabilities		0	0		0	0
Ending Balance		(4,810,000)	(4,725,000)		(4,810,000)	(4,725,000)
Net unrealized gains/(losses) included in other expense	[4]	$ (107,000)	$ (101,000)		$ (164,000)	$ (2,442,000)

[1] Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.

[2] 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).

[3] 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.

[4] Included in Other expense.

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Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans) (Details)	Jun. 30, 2015 USD ($) number		Dec. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) number
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income | $	$ 16,936,772,000	[1]	$ 16,230,166,000	$ 15,795,709,000
Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 487,679,000			$ 594,001,000
Avg orig FICO	730			729
Avg Refreshed FICO	717			713
Loans, net of unearned income | $	$ 487,679,000		$ 538,961,000	$ 594,001,000
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period Pre2004 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 126,365,000			$ 169,338,000
Avg orig FICO	722			724
Avg Refreshed FICO	717			720
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2004 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 14,586,000			$ 19,378,000
Avg orig FICO	712			713
Avg Refreshed FICO	711			714
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2005 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 32,187,000			$ 37,572,000
Avg orig FICO	736			737
Avg Refreshed FICO	734			737
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2006 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 56,378,000			$ 68,693,000
Avg orig FICO	732			730
Avg Refreshed FICO	734			721
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2007 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 176,298,000			$ 207,116,000
Avg orig FICO	733			733
Avg Refreshed FICO	717			712
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2008 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Permanent Mortgage - Period End Balance | $	$ 81,865,000			$ 91,904,000
Avg orig FICO	741			741
Avg Refreshed FICO	710			704

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

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Variable Interest Entities (Summary of the Impact of Qualifying LIHTC Investments) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Low income housing tax credits [Member]
Variable Interest Entity [Line Items]
Amortization of qualifying LIHTC investments	$ 2,180,000	$ 2,470,000	$ 4,360,000	$ 4,940,000
Affordable Housing Tax Credits and Other Tax Benefits	(2,363,000)	(2,463,000)	(4,726,000)	(4,925,000)
Other tax benefits related to qualifying LIHTC investments [Member]
Variable Interest Entity [Line Items]
Affordable Housing Tax Credits and Other Tax Benefits	$ (755,000)	$ (1,864,000)	$ (1,599,000)	$ (3,719,000)

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Schedule Of The Remaining Contractual Maturity By Collateral Type of Securities Sold Under Agreements To Repurchase (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	$ 311,760,000	$ 562,214,000	$ 475,530,000
U.S. treasuries
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	15,175,000
Government agency issued MBS
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	93,697,000
Government agency issued CMO
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	202,888,000
Overnight and Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	299,310,000
Overnight and Continuous | U.S. treasuries
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	15,175,000
Overnight and Continuous | Government agency issued MBS
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	93,697,000
Overnight and Continuous | Government agency issued CMO
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	190,438,000
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	12,450,000
Up to 30 Days | U.S. treasuries
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0
Up to 30 Days | Government agency issued MBS
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0
Up to 30 Days | Government agency issued CMO
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	$ 12,450,000

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Derivatives (Schedule Of Derivative Activities Associated With Trust Preferred Loans) (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Loans, net of unearned income		$ 16,936,772,000	[1]	$ 15,795,709,000	$ 16,936,772,000	[1]	$ 15,795,709,000	$ 16,230,166,000
Hedging Instruments [Member] | Loan Portfolio Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional		6,500,000		6,500,000	6,500,000		6,500,000
Interest Rate Derivative Liabilities at Fair Value		640,000		900,000	640,000		900,000
Gains/(Losses)		63,000		42,000	104,000		105,000
Hedged Items [Member] | Loan Portfolio Hedging [Member] | Trust Preferred Loans [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loans, net of unearned income	[2],[3]	6,500,000		6,500,000	6,500,000		6,500,000
Gains/(Losses)	[2],[4]	$ (62,000)		$ (41,000)	$ (103,000)		$ (104,000)

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition.

[3] Represents principal balance being hedged.

[4] Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

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Fair Value Of Assets And Liabilities (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) number	Jun. 30, 2014 USD ($)
Fair Value Of Assets And Liabilities [Abstract]
Gain/(loss) on instrument specific credit risk	$ 300,000	$ 900,000	$ 700,000	$ 2,600,000
Number of levels assets and liabilities are grouped in | number			3

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Variable Interest Entities (Summary Of VIE Not Consolidated By FHN) (Details) - Entity [Domain] - USD ($)	Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Variable Interest Entity [Line Items]
Loans, net of unearned income	$ 16,936,772,000	[1]	$ 16,230,166,000	$ 15,795,709,000
Term borrowings	1,557,647,000		1,880,105,000	1,501,209,000
Trading securities	1,133,490,000		1,194,391,000	1,150,280,000
Total MSR recognized by FHN	2,158,000			3,197,000
Custodial balances	5,366,936,000		5,195,656,000	4,513,800,000
Securities available for sale	3,648,860,000	[2]	$ 3,556,613,000	3,576,542,000	[3]
Low Income Housing Partnerships [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	68,405,000	[4]		60,134,000	[5]
Maximum loss exposure, contractual funding commitments	12,000,000			6,500,000
Liability Recognized	11,976,000	[4]		6,471,000	[5]
Low Income Housing Partnerships [Member] | Other Assets Member
Variable Interest Entity [Line Items]
Maximum loss exposure, current investments	56,400,000			53,700,000
Other Tax Credit Investments [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	21,690,000	[6],[7]		22,359,000	[8],[9]
Liability Recognized	0	[6],[7]		0	[8],[9]
Other Tax Credit Investments [Member] | Current Investment Funded By Borrowings [Member]
Variable Interest Entity [Line Items]
Maximum loss exposure, current investments	18,000,000			18,000,000
Small Issuer Trust Preferred Holdings [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	344,321,000	[10]		364,942,000	[11]
Liability Recognized	0	[10]		0	[11]
On Balance Sheet Trust Preferred Securitization [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	50,506,000	[12]		52,682,000	[13]
Liability Recognized	63,686,000	[12]		61,491,000	[13]
Loans, net of unearned income	112,500,000			112,500,000
Term borrowings	63,700,000			61,500,000
Trading securities	1,700,000			1,700,000
Proprietary Trust Preferred Issuances [Member]
Variable Interest Entity [Line Items]
Liability Recognized	206,186,000	[14]		206,186,000	[15]
Proprietary Agency Residential Mortgage Securitizations [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	24,664,000	[16]		35,118,000	[17]
Liability Recognized	0	[16]		0	[17]
Trading securities	4,900,000			6,400,000
Total MSR recognized by FHN	600,000			1,100,000
Proprietary Agency Residential Mortgage Securitizations [Member] | Other Assets Member
Variable Interest Entity [Line Items]
Aggregate servicing advances	19,100,000			27,600,000
Holdings Of Agency Mortgage Backed Securities [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	3,929,684,000	[10],[18]		3,703,941,000	[11],[19]
Liability Recognized	0	[10],[18]		0	[19]
Trading securities	473,800,000			371,700,000
Securities available for sale	3,500,000,000			3,300,000,000
Short Positions In Agency Mortgage Backed Securities [Member]
Variable Interest Entity [Line Items]
Liability Recognized	1,486,000	[14]		1,092,000	[15]
Commercial Loan Troubled Debt Restructurings [Member]
Variable Interest Entity [Line Items]
Maximum Loss Exposure	36,047,000	[20],[21]		57,157,000	[22],[23]
Maximum loss exposure, contractual funding commitments	5,100,000			3,100,000
Liability Recognized	0	[20],[21]		0
Loans, net of unearned income	$ 30,900,000			$ 54,000,000

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[3] Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[4] Maximum loss exposure represents $ 56 . 4 million of current investments and $ 12 . 0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 .

[5] Maximum loss exposure represents $ 53.7 million of current investments and $ 6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for futu re funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 .

[6] A lia bility is not recognized as investments are written down over the life of the related tax credit.

[7] Maximum loss exposure represe nts current investment balance. Of the initial investment, $ 1 8 . 0 million was funded through loans from community development enterprises.

[8] A liability is not recognized as investments are written down over the life of the related tax credi t.

[9] Maximum loss exposure represents current investment balance. Of the initial investment, $ 18.0 million was funded through loans from community development enterprises.

[10] Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a ho lder of the trusts’ securities.

[11] Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.

[12] Includes $ 112.5 million classified as Loans, net of unearned income, and $ 1.7 million classified as Trading securities which are offset by $ 63.7 million classified as Term borrowings.

[13] Includes $ 112.5 million classified as Loans, net of unearned income, and $ 1.7 million classified as Trading securities which are offset by $ 61 . 5 million classified as Term borrowings.

[14] No exposure to loss due to the nature of FHN’s involvement.

[15] No expos ure to loss due to the nature of FHN’s involveme nt.

[16] Includes $ . 6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 4 . 9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servi cing advances of $ 19 . 1 million are classified as Other assets.

[17] Includes $ 1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 6 . 4 million classified as Trading securities related to proprietary and agency residenti al mortga ge securitizations . Aggregate servicing advances of $ 27 . 6 million are classified as Other assets.

[18] Includes $ 473.8 million classified as Trading securities and $ 3 . 5 billion cla ssified as Securities available-for- sale.

[19] Includes $ 371 . 7 million classified as Trading securities and $ 3 . 3 billion cla ssified as Securities available-for- sale.

[20] A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operat ions.

[21] Maximum loss exposure represents $ 30 . 9 million of current receivables and $ 5 . 1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

[22] A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

[23] Maximum loss exposure represen ts $ 54 . 0 million of current receivables and $ 3 . 1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

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Contingencies And Other Disclosures (Schedule Of Original Purchase Amount Of Investments Subject To Litigation) (Details)	Jun. 25, 2015 USD ($)
Alternativea Mortgage Loan Pools [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	$ 727,042,000
Ending balance of the investments at issue	207,435,000
Alternativea Mortgage Loan Pools [Member] | 2005 [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	202,417,000
Ending balance of the investments at issue	46,314,000
Alternativea Mortgage Loan Pools [Member] | 2006 [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	325,613,000
Ending balance of the investments at issue	82,097,000
Alternativea Mortgage Loan Pools [Member] | 2007 [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	199,012,000
Ending balance of the investments at issue	79,024,000
Jumbo Mortgage Loans [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	82,540,000
Ending balance of the investments at issue	21,634,000
Jumbo Mortgage Loans [Member] | 2005 [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	0
Ending balance of the investments at issue	0
Jumbo Mortgage Loans [Member] | 2006 [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	32,540,000
Ending balance of the investments at issue	7,614,000
Jumbo Mortgage Loans [Member] | 2007 [Member]
Loss Contingencies [Line Items]
Original purchase amounts of the investments at issue	50,000,000
Ending balance of the investments at issue	$ 14,020,000

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Master Netting And Similar Agreements

6 Months Ended

Jun. 30, 2015

Master Netting Agreements And Similar Arrangements [Abstract]

Master Netting Agreements And Similar Arrangements

Note 15 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions

For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default.Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN’s fixed income business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN’s repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement.For asset positions, the collateral is not included on FHN’s Consolidated Condensed Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN’s trading or available-for-sale securities portfolios.

For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of June 30:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting		Securities collateral
	Gross amounts		offset in the		assets presented		securities sold		(not recognized on
	of recognized		Statement of		in the Statement		under agreements		FHN's Statement
(Dollars in thousands)	assets		Condition		of Condition		to repurchase		of Condition)		Net amount
Securities purchased under agreements to resell:
2015	$	816,991	$	-	$	816,991	$	(3,605)	$	(805,178)	$	8,208
2014		624,477		-		624,477		(61,094)		(555,665)		7,718

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of June 30:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting
	Gross amounts		offset in the		liabilities presented		securities
	of recognized		Statement of		in the Statement		purchased under		Securities
(Dollars in thousands)	liabilities		Condition		of Condition		agreements to resell		Collateral		Net amount
Securities sold under agreements to repurchase:
2015	$	311,760	$	-	$	311,760	$	(3,605)	$	(308,088)	$	67
2014		475,530		-		475,530		(61,094)		(414,373)		63

Due to the short duration of Securities sold under agreements to repurchase and the nature of collateral involved, the risks associated with these transactions are considered minimal. The following table provides a detail, by collateral type, of the remaining contractual maturity of Securities sold under agreements to repurchase as of June 30:
	June 30, 2015
	Overnight and
(Dollars in thousands)	Continuous		Up to 30 Days		Total
Securities sold under agreements to repurchase:
U.S. treasuries	$	15,175	$	-	$	15,175
Government agency issued MBS		93,697		-		93,697
Government agency issued CMO		190,438		12,450		202,888
Total Securities sold under agreements to repurchase	$	299,310	$	12,450	$	311,760

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Loans (Schedule Of Loans By Portfolio Segment) (Details) - USD ($)		Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		$ 16,936,772,000	[1]		$ 16,230,166,000	$ 15,795,709,000
Allowance for loan losses		221,351,000		$ 228,328,000	232,448,000	243,628,000	$ 247,246,000	$ 253,809,000
Total net loans		16,715,421,000			15,997,718,000	15,552,081,000
Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		9,832,563,000			9,007,286,000	8,402,836,000
Allowance for loan losses		78,750,000		67,652,000	67,011,000	68,591,000	72,732,000	86,446,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		1,400,715,000			1,277,717,000	1,231,513,000
Allowance for loan losses		21,492,000		17,665,000	18,574,000	15,821,000	15,523,000	10,603,000
Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	[2]	4,870,271,000			5,048,071,000	5,218,930,000
Allowance for loan losses		85,457,000		109,245,000	113,011,000	118,037,000	123,409,000	126,785,000
Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		487,679,000			538,961,000	594,001,000
Allowance for loan losses		22,377,000		20,186,000	19,122,000	23,727,000	22,521,000	22,491,000
Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		345,544,000			358,131,000	348,429,000
Allowance for loan losses		13,275,000		$ 13,580,000	14,730,000	17,452,000	$ 13,061,000	$ 7,484,000
Restricted And Secured Consumer Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		$ 66,400,000			$ 76,800,000	$ 84,400,000

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

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Fair Value Of Assets And Liabilities (Tables)

6 Months Ended

Jun. 30, 2015

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, 2015:
			June 30, 2015
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	109,998	$	-	$	109,998
	Government agency issued MBS			-		327,082		-		327,082
	Government agency issued CMO			-		146,675		-		146,675
	Other U.S. government agencies			-		83,416		-		83,416
	States and municipalities			-		64,597		-		64,597
	Corporate and other debt			-		393,191		5		393,196
	Equity, mutual funds, and other			-		3,602		-		3,602
		Total trading securities - fixed income		-		1,128,561		5		1,128,566
Trading securities - mortgage banking:
	Principal only			-		-		3,740		3,740
	Interest only			-		-		78		78
	Subordinated bonds			-		-		1,106		1,106
		Total trading securities - mortgage banking		-		-		4,924		4,924
Loans held-for-sale				-		-		26,525		26,525
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		830,640		-		830,640
	Government agency issued CMO			-		2,625,286		-		2,625,286
	Other U.S. government agencies			-		-		1,560		1,560
	States and municipalities			-		7,955		1,500		9,455
	Equity, mutual funds, and other			25,825		-		-		25,825
		Total securities available-for-sale		25,825		3,463,981		3,060		3,492,866
Other assets:
	Mortgage servicing rights			-		-		2,158		2,158
	Deferred compensation assets			27,341		-		-		27,341
	Derivatives, forwards and futures			5,299		-		-		5,299
	Derivatives, interest rate contracts			-		109,929		-		109,929
	Derivatives, other			-		2		-		2
		Total other assets		32,640		109,931		2,158		144,729
		Total assets	$	58,465	$	4,702,473	$	36,672	$	4,797,610
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	406,879	$	-	$	406,879
	Government agency issued MBS			-		1,486		-		1,486
	Other U.S. government agencies			-		25,036		-		25,036
	Corporate and other debt			-		299,163		-		299,163
		Total trading liabilities - fixed income		-		732,564		-		732,564
Other liabilities:
	Derivatives, forwards and futures			4,788		-		-		4,788
	Derivatives, interest rate contracts			-		100,191		-		100,191
	Derivatives, other			-		26		4,810		4,836
		Total other liabilities		4,788		100,217		4,810		109,815
		Total liabilities	$	4,788	$	832,781	$	4,810	$	842,379

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:
			June 30, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	235,389	$	-	$	235,389
	Government agency issued MBS			-		195,911		-		195,911
	Government agency issued CMO			-		175,799		-		175,799
	Other U.S. government agencies			-		71,228		-		71,228
	States and municipalities			-		41,144		-		41,144
	Corporate and other debt			-		402,348		5		402,353
	Equity, mutual funds, and other			-		22,040		-		22,040
		Total trading securities - fixed income		-		1,143,859		5		1,143,864
Trading securities - mortgage banking:
	Principal only			-		-		4,707		4,707
	Interest only			-		-		322		322
	Subordinated bonds			-		-		1,387		1,387
		Total trading securities - mortgage banking		-		-		6,416		6,416
Loans held-for-sale				-		-		232,487		232,487
Securities available-for-sale:
	U.S. treasuries			-		39,999		-		39,999
	Government agency issued MBS			-		762,842		-		762,842
	Government agency issued CMO			-		2,569,388		-		2,569,388
	Other U.S. government agencies			-		-		2,061		2,061
	States and municipalities			-		13,655		1,500		15,155
	Venture capital			-		-		2,300		2,300
	Equity, mutual funds, and other			25,995		-		-		25,995
		Total securities available-for-sale		25,995		3,385,884		5,861		3,417,740
Other assets:
	Mortgage servicing rights			-		-		3,197		3,197
	Deferred compensation assets			24,860		-		-		24,860
	Derivatives, forwards and futures			5,119		-		-		5,119
	Derivatives, interest rate contracts			-		156,948		-		156,948
		Total other assets		29,979		156,948		3,197		190,124
		Total assets	$	55,974	$	4,686,691	$	247,966	$	4,990,631
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	479,210	$	-	$	479,210
	Government agency issued MBS			-		1,092		-		1,092
	Other U.S. government agencies			-		11,167		-		11,167
	States and municipalities			-		3,216		-		3,216
	Corporate and other debt			-		211,434		-		211,434
		Total trading liabilities - fixed income		-		706,119		-		706,119
Other liabilities:
	Derivatives, forwards and futures			5,310		-		-		5,310
	Derivatives, interest rate contracts			-		128,297		-		128,297
	Derivatives, other			-		4		4,725		4,729
		Total other liabilities		5,310		128,301		4,725		138,336
		Total liabilities	$	5,310	$	834,420	$	4,725	$	844,455

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, 2015 and 2014, on a recurring basis are summarized as follows:
			Three Months Ended June 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on April 1, 2015			$	5,326			$	26,700			$	3,191		$	2,342		$	(5,005)
	Total net gains/(losses) included in:
		Net income		69				248				-			-			(107)
		Other comprehensive income /(loss)		-				-				(14)			-			-
	Purchases			-				324				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(466)				(329)				(117)			(184)			302
	Net transfers into/(out of) Level 3			-				(418)	(b)			-			-			-
Balance on June 30, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
Net unrealized gains/(losses) included in net income			$	69	(a)		$	248	(a)		$	-		$	-		$	(107)	(d)

			Three Months Ended June 30, 2014
										AFS Securities						Mortgage
			Trading			Loans held-				Investment			Venture			servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital			rights, net				liabilities
Balance on April 1, 2014			$	6,593			$	229,219			$	3,682	$	4,300			$	4,687			$	(4,945)
	Total net gains/(losses) included in:
		Net income		43				8,214				-		(2,000)				113				(101)
		Other comprehensive income /(loss)		-				-				(15)		-				-				-
	Purchases			-				476				-		-				-				-
	Issuances			-				-				-		-				-				-
	Sales			-				-				-		-				(1,400)				-
	Settlements			(215)				(4,607)				(106)		-				(203)				321
	Net transfers into/(out of) Level 3			-				(815)	(b)			-		-				-				-
Balance on June 30, 2014			$	6,421			$	232,487			$	3,561	$	2,300			$	3,197			$	(4,725)
Net unrealized gains/(losses) included in net income			$	(74)	(a)		$	8,214	(a)		$	-	$	(2,000)	(c)		$	77	(a)		$	(101)	(d)

• Primarily included in mortgage banking income on the Consolidated Condensed Statements of 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).
• 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.
• 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, 2015 and 2014, on a recurring basis are summarized as follows:
			Six Months Ended June 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on January 1, 2015			$	5,643			$	27,910			$	3,307		$	2,517		$	(5,240)
	Total net gains/(losses) included in:
		Net income		239				1,390				-			-			(164)
		Other comprehensive income / (loss)		-				-				(28)			-			-
	Purchases			-				1,178				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(953)				(2,819)				(219)			(359)			594
	Net transfers into/(out of) Level 3			-				(1,134)	(b)			-			-			-
Balance on June 30, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
Net unrealized gains/(losses) included in net income			$	239	(a)		$	1,390	(a)		$	-		$	-		$	(164)	(d)

			Six Months Ended June 30, 2014
											Securities available-for-sale					Mortgage
			Trading			Loans held-				Investment			Venture			servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital			rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300			$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		(42)				9,401				-		(2,000)				1,246				(2,442)
		Other comprehensive income /(loss)		-				-				(32)		-				-				-
	Purchases			1,559				4,582				-		-				-				-
	Issuances			-				-				-		-				-				-
	Sales			(1,715)				-				-		-				(69,919)				-
	Settlements			(581)				(8,800)				(233)		-				(923)				632
	Net transfers into/(out of) Level 3			-				(3,152)	(b)			-		-				-				-
Balance on June 30, 2014			$	6,421			$	232,487			$	3,561	$	2,300			$	3,197			$	(4,725)
Net unrealized gains/(losses) included in net income			$	34	(a)		$	9,401	(a)		$	-	$	(2,000)	(c)		$	150	(a)		$	(2,442)	(d)

• Primarily included in mortgage banking income on the Consolidated Condensed Statements of 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).
• 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.
• Included in Other expense.

Nonrecurring Fair Value Measurements

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at June 30, 2015 and 2014, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Three Months Ended		Six Months Ended
	Carrying value at June 30, 2015								June 30, 2015		June 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - first mortgages	$	-	$	-	$	849	$	849	$	-	$	38
Loans, net of unearned income (a)		-		-		38,913		38,913		(641)		(2,182)
Real estate acquired by foreclosure (b)		-		-		29,109		29,109		(1,284)		(1,660)
Other assets (c)		-		-		28,265		28,265		(549)		(944)
									$	(2,474)	$	(4,748)

									Three Months Ended		Six Months Ended
	Carrying value at June 30, 2014								June 30, 2014		June 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	3,471	$	-	$	3,471	$	1	$	43
Loans held-for-sale - first mortgages		-		-		9,004		9,004		7		(10)
Loans, net of unearned income (a)		-		-		53,652		53,652		(469)		(677)
Real estate acquired by foreclosure (b)		-		-		38,781		38,781		(533)		(1,391)
Other assets (c)		-		-		29,622		29,622		(862)		(1,187)
									$	(1,856)	$	(3,222)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

• 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 accounted for under the equity method.

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, 2015 and 2014:
(Dollars in Thousands)
	Fair Value at
Level 3 Class	June 30, 2015		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	4,924	Discounted cash flow	Prepayment speeds	42% - 43%
				Discount rate	5% - 56%
Loans held-for-sale - residential real estate		27,374	Discounted cash flow	Prepayment speeds - First mortgage	2% - 20%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	50% - 60%
				Loss severity trends - First mortgage	10% - 70% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Derivative liabilities, other		4,810	Discounted cash flow	Visa covered litigation resolution amount	$4.5 billion - $5.5 billion
				Probability of resolution scenarios	5% - 25%
				Time until resolution	6 - 42 months
Loans, net of unearned income (a)		38,913	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 (b)		29,109	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		28,265	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

• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.
• 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 accounted for under the equity method.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	June 30, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	6,416	Discounted cash flow	Prepayment speeds	43% - 47%
				Discount rate	40% - 85%
Loans held-for-sale - residential real estate		241,491	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	5% - 15%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	50% - 100% of UPB
				Draw Rate - HELOC	5% - 12%
Derivative liabilities, other		4,725	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 42 months
Loans, net of unearned income (a)		53,652	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 (b)		38,781	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		29,622	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

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.
• 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 accounted for under the equity method.

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 residential real estate loans 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, 2015
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	26,525	$	40,577		$	(14,052)
	Nonaccrual loans		6,238		12,316			(6,078)
	Loans 90 days or more past due and still accruing		1,622		2,056			(434)
		June 30, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	232,487	$	367,173		$	(134,686)
	Nonaccrual loans		69,571		134,014			(64,443)
	Loans 90 days or more past due and still accruing		7,291		13,504			(6,213)

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)			2015		2014		2015		2014
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	248	$	8,214	$	1,390	$	9,401

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 loan commitments and stand by and other commitments as of June 30, 2015 and 2014.

			June 30, 2015
			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	$	9,753,813	$	-	$	-	$	9,716,906	$	9,716,906
		Commercial real estate		1,379,223		-		-		1,362,420		1,362,420
	Retail:
		Consumer real estate		4,784,814		-		-		4,637,309		4,637,309
		Permanent mortgage		465,302		-		-		434,145		434,145
		Credit card & other		332,269		-		-		333,921		333,921
Total loans, net of unearned income and allowance for loan losses				16,715,421		-		-		16,484,701		16,484,701
Short-term financial assets
	Interest-bearing cash			344,944		344,944		-		-		344,944
	Federal funds sold			77,039		-		77,039		-		77,039
	Securities purchased under agreements to resell			816,991		-		816,991		-		816,991
Total short-term financial assets				1,238,974		344,944		894,030		-		1,238,974
Trading securities (a)				1,133,490		-		1,128,561		4,929		1,133,490
Loans held-for-sale (a)				127,196		-		-		127,196		127,196
Securities available-for-sale (a) (b)				3,648,860		25,825		3,463,981		159,054		3,648,860
Securities held-to-maturity				4,306		-		-		5,356		5,356
Derivative assets (a)				115,230		5,299		109,931		-		115,230
Other assets
	Tax credit investments			90,095		-		-		60,619		60,619
	Deferred compensation assets			27,341		27,341		-		-		27,341
Total other assets				117,436		27,341		-		60,619		87,960
Nonearning assets
	Cash & due from banks			274,256		274,256		-		-		274,256
	Fixed income receivables			91,069		-		91,069		-		91,069
	Accrued interest receivable			57,346		-		57,346		-		57,346
Total nonearning assets				422,671		274,256		148,415		-		422,671
Total assets			$	23,523,584	$	677,665	$	5,744,918	$	16,841,855	$	23,264,438
Liabilities:
Deposits:
	Defined maturity		$	1,169,153	$	-	$	1,173,899	$	-	$	1,173,899
	Undefined maturity			17,505,320		-		17,505,320		-		17,505,320
Total deposits				18,674,473		-		18,679,219		-		18,679,219
Trading liabilities (a)				732,564		-		732,564		-		732,564
Short-term financial liabilities
	Federal funds purchased			556,862		-		556,862		-		556,862
	Securities sold under agreements to repurchase			311,760		-		311,760		-		311,760
	Other short-term borrowings			150,350		-		150,350		-		150,350
Total short-term financial liabilities				1,018,972		-		1,018,972		-		1,018,972
Term borrowings
	Real estate investment trust-preferred			45,930		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,983		17,983
	Borrowings secured by residential real estate			55,679		-		-		48,051		48,051
	Other long term borrowings			1,438,038		-		1,411,226		-		1,411,226
Total term borrowings				1,557,647		-		1,411,226		115,384		1,526,610
Derivative liabilities (a)				109,815		4,788		100,217		4,810		109,815
Other noninterest-bearing liabilities
	Fixed income payables			54,301		-		54,301		-		54,301
	Accrued interest payable			16,382		-		16,382		-		16,382
Total other noninterest-bearing liabilities				70,683		-		70,683		-		70,683
Total liabilities			$	22,164,154	$	4,788	$	22,012,881	$	120,194	$	22,137,863

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9million and FRB stock of $65.8million.

			June 30, 2014
			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	$	8,334,245	$	-	$	-	$	8,244,011	$	8,244,011
		Commercial real estate		1,215,692		-		-		1,168,748		1,168,748
	Retail:
		Consumer real estate		5,100,893		-		-		4,810,173		4,810,173
		Permanent mortgage		570,274		-		-		513,946		513,946
		Credit card & other		330,977		-		-		332,924		332,924
Total loans, net of unearned income and allowance for loan losses				15,552,081		-		-		15,069,802		15,069,802
Short-term financial assets
	Interest-bearing cash			255,920		255,920		-		-		255,920
	Federal funds sold			51,537		-		51,537		-		51,537
	Securities purchased under agreements to resell			624,477		-		624,477		-		624,477
Total short-term financial assets				931,934		255,920		676,014		-		931,934
Trading securities (a)				1,150,280		-		1,143,859		6,421		1,150,280
Loans held-for-sale (a)				358,945		-		3,471		355,474		358,945
Securities available-for-sale (a) (b)				3,576,542		25,995		3,385,884		164,663		3,576,542
Securities held-to-maturity				4,279		-		-		5,556		5,556
Derivative assets (a)				162,067		5,119		156,948		-		162,067
Other assets
	Tax credit investments			82,493		-		-		70,306		70,306
	Deferred compensation assets			24,860		24,860		-		-		24,860
Total other assets				107,353		24,860		-		70,306		95,166
Nonearning assets
	Cash & due from banks			417,108		417,108		-		-		417,108
	Fixed income receivables			174,224		-		174,224		-		174,224
	Accrued interest receivable			67,132		-		67,132		-		67,132
Total nonearning assets				658,464		417,108		241,356		-		658,464
Total assets			$	22,501,945	$	729,002	$	5,607,532	$	15,672,222	$	22,008,756
Liabilities:
Deposits:
	Defined maturity		$	1,312,419	$	-	$	1,319,686	$	-	$	1,319,686
	Undefined maturity			14,845,068		-		14,845,068		-		14,845,068
Total deposits				16,157,487		-		16,164,754		-		16,164,754
Trading liabilities (a)				706,119		-		706,119		-		706,119
Short-term financial liabilities
	Federal funds purchased			947,946		-		947,946		-		947,946
	Securities sold under agreements to repurchase			475,530		-		475,530		-		475,530
	Other short-term borrowings			1,073,250		-		1,073,250		-		1,073,250
Total short-term financial liabilities				2,496,726		-		2,496,726		-		2,496,726
Term borrowings
	Real estate investment trust-preferred			45,862		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,940		17,940
	Borrowings secured by residential real estate			74,103		-		-		63,951		63,951
	Other long term borrowings			1,363,244		-		1,357,728		-		1,357,728
Total term borrowings				1,501,209		-		1,357,728		131,241		1,488,969
Derivative liabilities (a)				138,336		5,310		128,301		4,725		138,336
Other noninterest-bearing liabilities
	Fixed income payables			95,299		-		95,299		-		95,299
	Accrued interest payable			23,218		-		23,218		-		23,218
Total other noninterest-bearing liabilities				118,517		-		118,517		-		118,517
Total liabilities			$	21,118,394	$	5,310	$	20,972,145	$	135,966	$	21,113,421

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Unfunded Commitments:
Loan commitments	$	7,507,315	$	7,227,433	$	2,761	$	2,079
Standby and other commitments		304,860		307,543		4,846		5,150
Certain previously reported amounts have been reclassified to agree with current presentation.

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Variable Interest Entities (Summary Of VIE Consolidated By FHN) (Details) - USD ($)	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Assets:
Cash and due from banks	$ 274,256,000			$ 349,171,000	$ 417,108,000
Loans, net of unearned income	16,936,772,000	[1]		16,230,166,000	15,795,709,000
Allowance for loan losses	221,351,000		$ 228,328,000	232,448,000	243,628,000	$ 247,246,000	$ 253,809,000
Total net loans	16,715,421,000			15,997,718,000	15,552,081,000
Other assets	1,408,336,000			1,385,572,000	1,370,832,000
Total assets	25,239,767,000			25,668,187,000	24,218,345,000
Liabilities:
Term borrowings	1,557,647,000			1,880,105,000	1,501,209,000
Other liabilities	574,090,000			649,359,000	507,894,000
Total liabilities	22,721,862,000			$ 23,086,597,000	21,603,070,000
On Balance Sheet Consumer Loan Securitizations [Member]
Assets:
Cash and due from banks	1,382,000				0
Loans, net of unearned income	66,444,000				84,381,000
Allowance for loan losses	214,000				725,000
Total net loans	66,230,000				83,656,000
Other assets	184,000				410,000
Total assets	67,796,000				84,066,000
Liabilities:
Term borrowings	55,679,000				74,103,000
Other liabilities	3,000				4,000
Total liabilities	55,682,000				74,107,000
Rabbi Trusts Used For Deferred Compensation Plans [Member]
Assets:
Other assets	69,077,000				66,360,000
Total assets	69,077,000				66,360,000
Liabilities:
Other liabilities	51,861,000				50,816,000
Total liabilities	$ 51,861,000				$ 50,816,000

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

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Pension, Savings, And Other Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2015

Pension, Savings, And Other Employee Benefits [Abstract]

Schedule Of Components Of Net Periodic Benefit Cost

The components of net periodic benefit cost for the three months ended June 30 are as follows:
		Pension Benefits				Other Benefits
(Dollars in thousands)		2015		2014		2015		2014
Components of net periodic benefit cost
Service cost		$	10	$	17	$	38	$	55
Interest cost			9,020		8,660		360		458
Expected return on plan assets			(9,391)		(10,018)		(242)		(255)
Amortization of unrecognized:
	Prior service cost/(credit)		83		87		(291)		(291)
	Actuarial (gain)/loss		2,395		1,635		(244)		(252)
Net periodic benefit cost		$	2,117	$	381	$	(379)	$	(285)

The components of net periodic benefit cost for the six months ended June 30 are as follows:
		Pension Benefits				Other Benefits
(Dollars in thousands)		2015		2014		2015		2014
Components of net periodic benefit cost
Service cost		$	20	$	34	$	75	$	110
Interest cost			18,040		17,320		720		916
Expected return on plan assets			(18,783)		(20,036)		(483)		(510)
Amortization of unrecognized:
	Prior service cost/(credit)		166		174		(582)		(582)
	Actuarial (gain)/loss		4,791		3,270		(488)		(378)
Net periodic benefit cost		$	4,234	$	762	$	(758)	$	(444)

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Loans (Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 27,068,000	$ 38,205,000	$ 40,420,000
Unpaid balance	33,144,000	49,941,000	54,641,000
Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	4,870,000	5,044,000	6,738,000
Unpaid balance	5,507,000	5,813,000	8,256,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	20,262,000	32,553,000	32,938,000
Unpaid balance	24,830,000	43,246,000	45,295,000
Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	1,927,000	598,000	733,000
Unpaid balance	2,796,000	868,000	1,074,000
Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	9,000	10,000	11,000
Unpaid balance	$ 11,000	$ 14,000	$ 16,000

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Changes In Accumulated Other Comprehensive Income Balances (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Beginning Balance	$ (169,159,000)	$ (140,119,000)	$ (188,246,000)		$ (150,009,000)
Other comprehensive income before reclassifications, Net of tax	(20,100,000)	17,358,000	(2,096,000)		26,837,000
Amounts reclassifed from accumulated other comprehensive income, Net of tax	1,011,000	650,000	2,094,000		1,061,000
Other comprehensive income/(loss)	(19,089,000)	18,008,000	(2,000)	[1]	27,898,000	[1]
Ending Balance	(188,248,000)	(122,111,000)	(188,248,000)		(122,111,000)
Reclassification From Accumulated Other Comprehensive Income Current Period Tax	600,000	400,000	1,300,000		700,000
Unrealized Gain Loss On Securities Available For Sale [Member]
Beginning Balance	36,585,000	(1,762,000)	18,581,000		(11,241,000)
Other comprehensive income before reclassifications, Net of tax	(20,100,000)	17,358,000	(2,096,000)		26,837,000
Amounts reclassifed from accumulated other comprehensive income, Net of tax	0	0	0		0
Other comprehensive income/(loss)	(20,100,000)	17,358,000	(2,096,000)		26,837,000
Ending Balance	16,485,000	15,596,000	16,485,000		15,596,000
Other Comprehensive Income Loss Current Period Before Reclassification Adjustments, Tax	(12,700,000)	10,900,000	(1,300,000)		16,800,000
OtherComprehensiveIncomeLossTax	(12,700,000)	10,900,000	(1,300,000)		16,800,000
Pension And Other Postretirement Plans Costs [Member]
Beginning Balance	(205,744,000)	(138,357,000)	(206,827,000)		(138,768,000)
Other comprehensive income before reclassifications, Net of tax	0	0	0		0
Amounts reclassifed from accumulated other comprehensive income, Net of tax	1,011,000	650,000	2,094,000		1,061,000
Other comprehensive income/(loss)	1,011,000	650,000	2,094,000		1,061,000
Ending Balance	(204,733,000)	(137,707,000)	(204,733,000)		(137,707,000)
Other Comprehensive Income Loss Current Period Before Reclassification Adjustments, Tax	0	0	0		0
Reclassification From Accumulated Other Comprehensive Income Current Period Tax	600,000	400,000	1,300,000		700,000
OtherComprehensiveIncomeLossTax	$ 600,000	$ 400,000	$ 1,300,000		$ 700,000

[1] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.

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Allowance For Loan Losses (Narrative) (Details)	Jun. 30, 2015 number
Unlikely to be Collected Financing Receivable
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	16
Commercial Loan L G D Grade One [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	1
Commercial Loan L G D Grade Twelve [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Commercial loan grades	12

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Investment Securities (Schedule Of Realized Gross Gains And Losses On Sale From Available For Sale Portfolio) (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Investment Securities [Abstract]
Gross gains on sales of securities		$ 8,000	$ 77,000		$ 284,000	$ 5,734,000
Gross (losses) on sales of securities		0	0		0	0
Net gain/(loss) on sales of securities	[1]	8,000	77,000		284,000	5,734,000
Venture capital investments		0	(2,000,000)	[2]	0	(2,000,000)	[2]
Total securities gain/ (loss), net		$ 8,000	$ (1,923,000)		284,000	3,734,000
Proceeds from sales					$ 300,000	5,700,000
Equity securities proceeds from sales						$ 1,400,000

[1] Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $ .3 million. Proceeds for the six months ended June 30, 2014 were $ 5.7 million, inclusive of $ 1.4 million of equity securities .

[2] Includes write-offs and/or unrealized fair value adjustments related to venture capital investments.

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Consolidated Statements Of Cash Flow - USD ($)	6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014
Operating Activities
Net income/(loss)	$ (17,448,000)		$ 131,908,000
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:
Provision for loan losses	7,000,000		15,000,000
Provision/(benefit) for deferred income taxes	(1,592,000)		7,578,000
Depreciation and amortization of premises and equipment	18,229,000		18,016,000
Amortization of intangible assets	2,596,000		1,963,000
Net other amortization and accretion	11,731,000		8,003,000
Net (increase)/decrease in derivatives	(615,000)		559,000
Fair value adjustment to foreclosed real estate	1,660,000		1,391,000
Litigation and regulatory matters	162,500,000		490,000
Stock-based compensation expense	6,474,000		5,687,000
Tax benefit/(benefit reversal) - stock-based compensation expense	91,000		1,705,000
Equity securities (gains)/losses, net	(284,000)		(3,734,000)
(Gains)/losses on extinguishment of debt	0		4,350,000
Loss on deconsolidation of securitization trusts	0		1,960,000
Net (gains)/losses on sale/disposal of fixed assets	(2,872,000)		2,114,000
Proceeds from sale of mortgage servicing rights	0		69,919,000
Loans held-for-sale:
Purchases	(1,178,000)		(4,582,000)
Gross proceeds from settlements and sales	15,561,000		22,071,000
Fair value adjustments and other	(294,000)		(6,282,000)
Net (increase)/decrease in:
Trading securities	59,890,000		(347,692,000)
Fixed income receivables	(48,581,000)		(128,969,000)
Interest receivable	9,955,000		2,072,000
Other assets	(48,727,000)		321,987,000
Net increase/(decrease) in:
Trading liabilities	138,250,000		337,771,000
Fixed income payables	36,144,000		74,126,000
Interest payable	(7,613,000)		(608,000)
Other liabilities	(229,785,000)		(146,228,000)
Total adjustments	128,540,000		258,667,000
Net cash provided/(used) by operating activities	111,092,000		390,575,000
Available-for-sale securities:
Sales	284,000		4,555,000
Maturities	327,315,000		310,067,000
Purchases	(427,717,000)		(449,425,000)
Premises and equipment:
Sales	40,369,000		32,000
Purchases	(15,751,000)		(15,451,000)
Net (increase)/decrease in:
Loans	(722,062,000)		(426,934,000)
Interests retained from securitizations classified as trading securities	1,011,000		689,000
Interest-bearing cash	1,277,023,000		474,377,000
Net cash provided/(used) by investing activities	480,472,000		(102,090,000)
Common stock:
Stock options exercised	4,715,000		624,000
Cash dividends paid	(26,020,000)		(23,878,000)
Repurchase of shares	(20,031,000)	[1]	(4,871,000)
Tax benefit/(benefit reversal) - stock-based compensation expense	(91,000)		(1,705,000)
Cash dividends paid - preferred stock - noncontrolling interest	(5,703,000)		(5,687,000)
Cash dividends paid - Series A preferred stock	(3,100,000)		(3,100,000)
Term borrowings:
Payments/maturities	(312,808,000)		(13,615,000)
Increases in restricted and secured term borrowings	0		2,089,000
Net cash paid to deconsolidate/collapse securitization trusts	0		(225,151,000)
Net increase/(decrease) in:
Deposits	605,867,000		(578,136,000)
Short-term borrowings	(737,512,000)		830,158,000
Net cash provided/(used) by financing activities	(494,683,000)		(23,272,000)
Net increase/(decrease) in cash and cash equivalents	96,881,000		265,213,000
Cash and cash equivalents at beginning of period	1,071,405,000		827,909,000
Cash and cash equivalents at end of period	1,168,286,000		1,093,122,000
Supplemental Disclosures
Total interest paid	48,734,000		41,626,000
Total taxes paid	14,859,000		31,950,000
Total taxes refunded	215,000		1,880,000
Transfer from loans to other real estate owned	$ 8,293,000		$ 11,505,000

[1] 2015 includes $ 15.8 million repurchased under the share repurchase program launched in January 2014.

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Allowance For Loan Losses (Rollforward Of The Allowance For Loan Losses By Portfolio Segment) (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		$ 228,328,000		$ 247,246,000	$ 232,448,000		$ 253,809,000
Charge-offs		(19,434,000)		(18,764,000)	(37,433,000)		(43,456,000)
Recoveries		10,457,000		10,146,000	19,336,000		18,275,000
Provision/(provision credit) for loan losses		2,000,000		5,000,000	7,000,000		15,000,000
Ending Balance		221,351,000		243,628,000	221,351,000		243,628,000
Allowance - individually evaluated for impairment		72,980,000		68,897,000	72,980,000		68,897,000
Allowance - collectively evaluated for impairment		145,587,000		172,276,000	145,587,000		172,276,000
Allowance - purchased credit impaired loans		2,784,000		2,455,000	2,784,000		2,455,000
Individually evaluated for impairment		347,901,000		371,136,000	347,901,000		371,136,000
Collectively evaluated for impairment		16,559,020,000		15,381,698,000	16,559,020,000		15,381,698,000
Purchase credit impaired loans - recorded investment		29,851,000		42,875,000	29,851,000		42,875,000
Loans, net of unearned income		16,936,772,000	[1]	15,795,709,000	16,936,772,000	[1]	15,795,709,000	$ 16,230,166,000
Commercial Financial And Industrial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		67,652,000		72,732,000	67,011,000		86,446,000
Charge-offs		(4,976,000)		(5,449,000)	(8,531,000)		(11,256,000)
Recoveries		926,000		1,517,000	2,879,000		3,119,000
Provision/(provision credit) for loan losses		15,148,000		(209,000)	17,391,000		(9,718,000)
Ending Balance		78,750,000		68,591,000	78,750,000		68,591,000
Allowance - individually evaluated for impairment		12,927,000		4,075,000	12,927,000		4,075,000
Allowance - collectively evaluated for impairment		65,646,000		64,473,000	65,646,000		64,473,000
Allowance - purchased credit impaired loans		177,000		43,000	177,000		43,000
Individually evaluated for impairment		55,736,000		51,404,000	55,736,000		51,404,000
Collectively evaluated for impairment		9,771,780,000		8,344,652,000	9,771,780,000		8,344,652,000
Purchase credit impaired loans - recorded investment		5,047,000		6,780,000	5,047,000		6,780,000
Loans, net of unearned income		9,832,563,000		8,402,836,000	9,832,563,000		8,402,836,000	9,007,286,000
Commercial Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		17,665,000		15,523,000	18,574,000		10,603,000
Charge-offs		(888,000)		(747,000)	(1,675,000)		(1,374,000)
Recoveries		153,000		1,732,000	844,000		2,011,000
Provision/(provision credit) for loan losses		4,562,000		(687,000)	3,749,000		4,581,000
Ending Balance		21,492,000		15,821,000	21,492,000		15,821,000
Allowance - individually evaluated for impairment		635,000		1,308,000	635,000		1,308,000
Allowance - collectively evaluated for impairment		18,743,000		12,143,000	18,743,000		12,143,000
Allowance - purchased credit impaired loans		2,114,000		2,370,000	2,114,000		2,370,000
Individually evaluated for impairment		12,493,000		22,857,000	12,493,000		22,857,000
Collectively evaluated for impairment		1,365,846,000		1,173,348,000	1,365,846,000		1,173,348,000
Purchase credit impaired loans - recorded investment		22,376,000		35,308,000	22,376,000		35,308,000
Loans, net of unearned income		1,400,715,000		1,231,513,000	1,400,715,000		1,231,513,000	1,277,717,000
Consumer Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		109,245,000		123,409,000	113,011,000		126,785,000
Charge-offs		(6,903,000)		(8,074,000)	(15,440,000)		(20,338,000)
Recoveries		7,851,000		5,470,000	12,575,000		10,444,000
Provision/(provision credit) for loan losses		(24,736,000)		(2,768,000)	(24,689,000)		1,146,000
Ending Balance		85,457,000		118,037,000	85,457,000		118,037,000
Allowance - individually evaluated for impairment		41,406,000		43,925,000	41,406,000		43,925,000
Allowance - collectively evaluated for impairment		43,558,000		74,071,000	43,558,000		74,071,000
Allowance - purchased credit impaired loans		493,000		41,000	493,000		41,000
Individually evaluated for impairment		172,097,000		176,885,000	172,097,000		176,885,000
Collectively evaluated for impairment		4,695,754,000		5,041,270,000	4,695,754,000		5,041,270,000
Purchase credit impaired loans - recorded investment		2,420,000		775,000	2,420,000		775,000
Loans, net of unearned income	[2]	4,870,271,000		5,218,930,000	4,870,271,000		5,218,930,000	5,048,071,000
Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		20,186,000		22,521,000	19,122,000		22,491,000
Charge-offs		(809,000)		(879,000)	(1,993,000)		(3,097,000)
Recoveries		671,000		694,000	1,289,000		1,272,000
Provision/(provision credit) for loan losses		2,329,000		1,391,000	3,959,000		3,061,000
Ending Balance		22,377,000		23,727,000	22,377,000		23,727,000
Allowance - individually evaluated for impairment		17,857,000		19,323,000	17,857,000		19,323,000
Allowance - collectively evaluated for impairment		4,520,000		4,404,000	4,520,000		4,404,000
Allowance - purchased credit impaired loans		0		0	0		0
Individually evaluated for impairment		107,157,000		119,466,000	107,157,000		119,466,000
Collectively evaluated for impairment		380,522,000		474,535,000	380,522,000		474,535,000
Purchase credit impaired loans - recorded investment		0		0	0		0
Loans, net of unearned income		487,679,000		594,001,000	487,679,000		594,001,000	538,961,000
Credit Card & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		13,580,000		13,061,000	14,730,000		7,484,000
Charge-offs		(5,858,000)		(3,615,000)	(9,794,000)		(7,391,000)
Recoveries		856,000		733,000	1,749,000		1,429,000
Provision/(provision credit) for loan losses		4,697,000		7,273,000	6,590,000		15,930,000
Ending Balance		13,275,000		17,452,000	13,275,000		17,452,000
Allowance - individually evaluated for impairment		155,000		266,000	155,000		266,000
Allowance - collectively evaluated for impairment		13,120,000		17,185,000	13,120,000		17,185,000
Allowance - purchased credit impaired loans		0		1,000	0		1,000
Individually evaluated for impairment		418,000		524,000	418,000		524,000
Collectively evaluated for impairment		345,118,000		347,893,000	345,118,000		347,893,000
Purchase credit impaired loans - recorded investment		8,000		12,000	8,000		12,000
Loans, net of unearned income		$ 345,544,000		$ 348,429,000	$ 345,544,000		$ 348,429,000	$ 358,131,000

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

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Financial Information (Schedule of Accounting Changes) (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
New Accounting Pronouncement or Change in
Other Assets	$ 1,370,832,000	$ 1,370,832,000	$ 1,385,572,000
Other Liabilities	507,894,000	507,894,000	649,359,000
Undivided profits	782,102,000	782,102,000	851,585,000
Other expense	(18,059,000)	424,000
Provision/(benefit) for income taxes	33,578,000	53,644,000
Net Income (Loss) Available to Common Stockholders, Basic	$ 77,520,000	$ 123,136,000
Diluted income/(loss) per share	$ 0.33	$ 0.52
Accounting Standards Update 201401 [Member]
New Accounting Pronouncement or Change in
Other Assets	$ (4,405,000)	$ (4,405,000)	(4,700,000)	$ (5,340,000)
Other Liabilities	6,471,000	6,471,000	4,678,000	7,034,000
Undivided profits	(10,876,000)	(10,876,000)	(9,378,000)	(12,374,000)
Other expense	(2,170,000)	(4,340,000)	(8,680,000)	(10,082,000)	$ (14,177,000)
Provision/(benefit) for income taxes	1,421,000	2,842,000	5,684,000	12,780,000	13,234,000
Net Income (Loss) Available to Common Stockholders, Basic	$ 749,000	$ 1,498,000	$ 2,996,000	$ (2,698,000)	$ 943,000
Diluted income/(loss) per share	$ 0.01	$ 0.01	$ 0.01	$ (0.01)	$ 0

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investment Securities [Abstract]

Schedule Of FHN's Investment Securities

The following tables summarize FHN’s investment securities on June 30, 2015 and 2014:
	June 30, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale ("AFS"):
U.S. treasuries	$	100	$	-	$	-	$	100
Government agency issued mortgage-backed securities ("MBS")		804,841		29,068		(3,269)		830,640
Government agency issued collateralized mortgage obligations ("CMO")		2,624,151		20,836		(19,701)		2,625,286
Other U.S. government agencies		1,539		21		-		1,560
States and municipalities		9,455		-		-		9,455
Equity and other (a)		182,059		-		(240)		181,819
Total securities available-for-sale (b)	$	3,622,145	$	49,925	$	(23,210)	$	3,648,860
Securities held-to-maturity ("HTM"):
States and municipalities	$	4,306	$	1,050	$	-	$	5,356
Total securities held-to-maturity	$	4,306	$	1,050	$	-	$	5,356

• Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $65.8 million. The remainder is money market and cost method investments.
• Includes $3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	June 30, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale:
U.S. treasuries	$	39,995	$	4	$	-	$	39,999
Government agency issued MBS		724,785		39,679		(1,622)		762,842
Government agency issued CMO		2,582,242		21,211		(34,065)		2,569,388
Other U.S. government agencies		1,973		88		-		2,061
States and municipalities		15,155		-		-		15,155
Equity and other (a)		187,106		17		(26)		187,097
Total securities available-for-sale (b)	$	3,551,256	$	60,999	$	(35,713)	$	3,576,542
Securities held-to-maturity:
States and municipalities	$	4,279	$	1,277	$	-	$	5,556
Total securities held-to-maturity	$	4,279	$	1,277	$	-	$	5,556

• Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0million. The remainder is money market, venture capital, and cost method investments.
• Includes $3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

Schedule Of Amortized Cost And Fair Value By Contractual Maturity

The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity securities portfolios on June 30, 2015, are provided below:
		Held-to-Maturity				Available-for-Sale
		Amortized		Fair		Amortized		Fair
(Dollars in thousands)		Cost		Value		Cost		Value
Within 1 year		$	-	$	-	$	1,539	$	1,560
After 1 year; within 5 years			-		-		1,600		1,600
After 5 years; within 10 years			-		-		-		-
After 10 years			4,306		5,356		7,955		7,955
	Subtotal		4,306		5,356		11,094		11,115
Government agency issued MBS and CMO (a)			-		-		3,428,992		3,455,926
Equity and other			-		-		182,059		181,819
Total		$	4,306	$	5,356	$	3,622,145	$	3,648,860

• Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

Schedule Of Gross Gains And Losses On Sale From Available For Sale Portfolio

The table below provides information on gross gains and gross losses from investment securities for the three and six months ended June 30:
	Three Months Ended				Six Months Ended
		June 30				June 30
(Dollars in thousands)	2015		2014		2015		2014
Gross gains on sales of securities	$	8	$	77	$	284	$	5,734
Gross losses on sales of securities		-		-		-		-
Net gain/(loss) on sales of securities (a)		8		77		284		5,734
Venture capital investments (b)		-		(2,000)		-		(2,000)
Total securities gain/(loss), net	$	8	$	(1,923)	$	284	$	3,734

• Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $.3 million. Proceeds for the six months ended June 30, 2014 were $5.7 million, inclusive of $1.4 million of equity securities.
• Includes write-offs and/or unrealized fair value adjustments related to venture capital investments.

Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses

The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of June 30, 2015 and 2014:
	As of June 30, 2015
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	845,534	$	(7,734)	$	450,079	$	(11,967)	$	1,295,613	$	(19,701)
Government agency issued MBS		233,521		(2,485)		33,582		(784)		267,103		(3,269)
Total debt securities		1,079,055		(10,219)		483,661		(12,751)		1,562,716		(22,970)
Equity		-		-		851		(240)		851		(240)
Total temporarily impaired securities	$	1,079,055	$	(10,219)	$	484,512	$	(12,991)	$	1,563,567	$	(23,210)

	As of June 30, 2014
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	437,212	$	(2,276)	$	1,004,964	$	(31,789)	$	1,442,176	$	(34,065)
Government agency issued MBS		34,041		(83)		108,491		(1,539)		142,532		(1,622)
Total debt securities		471,253		(2,359)		1,113,455		(33,328)		1,584,708		(35,687)
Equity		43		(26)		-		-		43		(26)
Total temporarily impaired securities	$	471,296	$	(2,385)	$	1,113,455	$	(33,328)	$	1,584,751	$	(35,713)

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Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Accounting Changes And Error Corrections [Abstract]

Schedule of Accounting Changes

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.
					As of June 30				As of December 31
(Dollars in thousands, except per share amounts)					2014				2014		2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
	Other assets			$	(4,405)			$	(4,700)		(5,340)
	Other liabilities				6,471				4,678		7,034
	Undivided profits				(10,876)				(9,378)		(12,374)
			Three Months Ended		Six Months Ended		For the Year Ended
			June 30		June 30		December 31
			2014		2014		2014		2013		2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
	Other expense	$	(2,170)	$	(4,340)	$	(8,680)	$	(10,082)	$	(14,177)
	Provision/(benefit) for income taxes		1,421		2,842		5,684		12,780		13,234
	Income/(loss) available to common shareholders		749		1,498		2,996		(2,698)		943
	Diluted earnings/(loss) per share		0.01		0.01		0.01		(0.01)		-

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Loans (Period-End Balances And Various Asset Quality Attributes By Originations Vintage For R/E Installment Loans) (Details)	Jun. 30, 2015 USD ($) number		Dec. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) number
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income | $	$ 16,936,772,000	[1]	$ 16,230,166,000	$ 15,795,709,000
Real Estate Installment Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 2,607,771,000			$ 2,552,840,000
Avg orig FICO	749			747
Avg Refreshed FICO	748			744
Real Estate Installment Class | Origination Vintage Period Pre 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 10,180,000			$ 18,623,000
Avg orig FICO	678			680
Avg Refreshed FICO	686			683
Real Estate Installment Class | Origination Vintage Period 2003
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 39,996,000			$ 62,823,000
Avg orig FICO	713			713
Avg Refreshed FICO	722			724
Real Estate Installment Class | Origination Vintage Period 2004
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 34,944,000			$ 47,502,000
Avg orig FICO	698			700
Avg Refreshed FICO	697			699
Real Estate Installment Class | Origination Vintage Period 2005
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 106,185,000			$ 141,545,000
Avg orig FICO	715			716
Avg Refreshed FICO	711			712
Real Estate Installment Class | Origination Vintage Period 2006
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 116,730,000			$ 156,538,000
Avg orig FICO	712			714
Avg Refreshed FICO	704			702
Real Estate Installment Class | Origination Vintage Period 2007
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 175,807,000			$ 224,425,000
Avg orig FICO	722			724
Avg Refreshed FICO	708			709
Real Estate Installment Class | Origination Vintage Period 2008
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 56,222,000			$ 74,106,000
Avg orig FICO	719			721
Avg Refreshed FICO	712			714
Real Estate Installment Class | Origination Vintage Period 2009
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 24,999,000			$ 33,506,000
Avg orig FICO	736			739
Avg Refreshed FICO	727			732
Real Estate Installment Class | Origination Vintage Period 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 82,230,000			$ 113,437,000
Avg orig FICO	750			748
Avg Refreshed FICO	760			754
Real Estate Installment Class | Origination Vintage Period 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 254,298,000			$ 309,172,000
Avg orig FICO	760			760
Avg Refreshed FICO	759			759
Real Estate Installment Class | Origination Vintage Period 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 562,078,000			$ 653,179,000
Avg orig FICO	764			764
Avg Refreshed FICO	765			765
Real Estate Installment Class | Origination Vintage Period 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 443,257,000			$ 497,720,000
Avg orig FICO	755			757
Avg Refreshed FICO	757			756
Real Estate Installment Class | Origination Vintage Period 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 439,744,000			$ 220,264,000
Avg orig FICO	756			756
Avg Refreshed FICO	755			754
Real Estate Installment Class | Origination Vintage Period 2015 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
R/E Installment Loans- Period End Balance | $	$ 261,101,000			$ 0
Avg orig FICO	757			0
Avg Refreshed FICO	756			0

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

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Acquisitions and Divestitures (Narrative) (Details)	10 Months Ended
	Oct. 21, 2014 number	Jun. 30, 2015 USD ($)	Dec. 31, 2014 USD ($)	Oct. 17, 2014 USD ($) number	Jun. 30, 2014 USD ($)	Dec. 31, 2013 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 145,932,000	$ 145,932,000		$ 141,943,000	$ 141,943,000
Branch Acquisition
Business Acquisition [Line Items]
Number of bank branches FTBNA agreed to purchase | number				13
Deposit Premium				3.32%
Branch Acquisition | As Recorded by FHN
Business Acquisition [Line Items]
Assets acquired				$ 437,600,000
Cash and cash equivalents				413,400,000
Premises and equipment				7,500,000
Goodwill and intangible assets				15,700,000
Deposits assumed				437,200,000
Goodwill				$ 4,000,000
Trustatlantic Financial Corporation
Business Acquisition [Line Items]
Acquisition date	Oct. 21, 2014
Number Of Bank Branches | number	5

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Loans (Tables)

6 Months Ended

Jun. 30, 2015

Loans [Abstract]

Schedule Of Loans By Portfolio Segment

The following table provides the balance of loans by portfolio segment as of June 30, 2015 and 2014, and December, 31 2014:
		June 30				December 31
(Dollars in thousands)		2015		2014		2014
Commercial:
	Commercial, financial, and industrial	$	9,832,563	$	8,402,836	$	9,007,286
	Commercial real estate		1,400,715		1,231,513		1,277,717
Retail:
	Consumer real estate (a)		4,870,271		5,218,930		5,048,071
	Permanent mortgage		487,679		594,001		538,961
	Credit card & other		345,544		348,429		358,131
Loans, net of unearned income		$	16,936,772	$	15,795,709	$	16,230,166
Allowance for loan losses			221,351		243,628		232,448
Total net loans		$	16,715,421	$	15,552,081	$	15,997,718

(a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $66.4 million, $84.4 million, and $76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward [Table Text Block]

The following table presents a rollforward of the accretable yield for the three and six months ended June 30, 2015 and 2014:
	Three Months Ended					Six Months Ended
		June 30				June 30
(Dollars in thousands)		2015		2014		2015		2014
Balance, beginning of period	$	10,468	$	15,828	$	14,714	$	13,490
Additions		-		224		-		335
Accretion		(1,576)		(1,927)		(4,948)		(3,584)
Adjustment for payoffs		(760)		(489)		(2,096)		(722)
Adjustment for charge-offs		-		(5)		-		(69)
Increase in accretable yield (a)		216		2,878		678		7,059
Balance, end of period	$	8,348	$	16,509	$	8,348	$	16,509

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment [Table Text Block]

At June 30, 2015, the ALLL related to PCI loans was $2.8 million compared to $2.5 million at June 30, 2014. A loan loss provision credit of $.3 million was recognized during the three months ended June 30, 2015 as compared to a loan loss provision expense of $.6 million recognized during the three months ended June 30, 2014. A loan loss provision credit of $.6 million was recognized during the six months ended June 30, 2015 as compared to a loan loss provision expense of $1.7 million recognized during the six months ended June 30, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of June 30, 2015 and 2014, and December 31, 2014:
	June 30, 2015				June 30, 2014				December 31, 2014
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	4,870	$	5,507	$	6,738	$	8,256	$	5,044	$	5,813
Commercial real estate		20,262		24,830		32,938		45,295		32,553		43,246
Consumer real estate		1,927		2,796		733		1,074		598		868
Credit card and other		9		11		11		16		10		14
Total	$	27,068	$	33,144	$	40,420	$	54,641	$	38,205	$	49,941

Information By Class Related To Individually Impaired Loans

Impaired Loans
The following tables provide information at June 30, 2015 and 2014, 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, PCI loans and LOCOM have been excluded.
		June 30, 2015							Three Months Ended				Six Months Ended
									June 30, 2015				June 30, 2015
				Unpaid				Average		Interest		Average		Interest
		Recorded		Principal		Related		Recorded		Income		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	12,402	$	15,690	$	-	$	13,016	$	-	$	12,305	$	-
	Income CRE		4,187		11,262		-		4,198		-		5,283		-
	Residential CRE		-		-		-		-		-		287		-
	Total	$	16,589	$	26,952	$	-	$	17,214	$	-	$	17,875	$	-
Retail:
	HELOC (a)	$	12,577	$	30,604	$	-	$	12,588	$	-	$	12,788	$	-
	R/E installment loans (a)		4,959		6,211		-		4,739		-		4,704		-
	Permanent mortgage (a)		6,403		8,603		-		6,804		-		7,018		-
	Total	$	23,939	$	45,418	$	-	$	24,131	$	-	$	24,510	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	30,549	$	37,741	$	8,117	$	28,400	$	237	$	24,087	$	490
	TRUPS		13,399		13,700		4,810		13,414		-		13,429		-
	Income CRE		6,788		8,298		533		6,742		33		7,140		63
	Residential CRE		1,518		1,886		102		1,571		6		1,534		13
	Total	$	52,254	$	61,625	$	13,562	$	50,127	$	276	$	46,190	$	566
Retail:
	HELOC	$	87,292	$	89,454	$	21,967	$	86,197	$	461	$	85,417	$	909
	R/E installment loans		67,269		68,151		19,439		68,330		331		69,227		658
	Permanent mortgage		100,754		113,290		17,857		102,194		637		103,555		1,228
	Credit card & other		418		418		155		451		4		479		8
	Total	$	255,733	$	271,313	$	59,418	$	257,172	$	1,433	$	258,678	$	2,803
Total commercial		$	68,843	$	88,577	$	13,562	$	67,341	$	276	$	64,065	$	566
Total retail		$	279,672	$	316,731	$	59,418	$	281,303	$	1,433	$	283,188	$	2,803
Total impaired loans		$	348,515	$	405,308	$	72,980	$	348,644	$	1,709	$	347,253	$	3,369

		June 30, 2014							Three Months Ended				Six Months Ended
									June 30, 2014				June 30, 2014
				Unpaid				Average		Interest		Average		Interest
		Recorded		Principal		Related		Recorded		Income		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	15,489	$	17,280	$	-	$	14,809	$	-	$	17,594	$	-
	TRUPS		-		-		-		-		-		1,625		-
	Income CRE		6,838		14,397		-		7,669		-		8,090		-
	Residential CRE		1,148		1,827		-		574		-		287		-
	Total	$	23,475	$	33,504	$	-	$	23,052	$	-	$	27,596	$	-
Retail:
	HELOC (a)	$	17,390	$	38,216	$	-	$	16,771	$	-	$	16,629	$	-
	R/E installment loans (a)		7,464		10,009		-		8,932		-		9,818		-
	Permanent mortgage (a)		7,862		9,785		-		7,858		-		8,007		-
	Total	$	32,716	$	58,010	$	-	$	33,561	$	-	$	34,454	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	32,395	$	38,331	$	3,150	$	30,059	$	78	$	26,146	$	157
	TRUPS		3,520		3,700		925		8,535		-		16,057		-
	Income CRE		8,842		10,214		641		10,331		62		11,214		164
	Residential CRE		6,029		11,477		667		6,204		61		6,426		124
	Total	$	50,786	$	63,722	$	5,383	$	55,129	$	201	$	59,843	$	445
Retail:
	HELOC	$	77,283	$	78,492	$	17,475	$	75,285	$	457	$	73,539	$	891
	R/E installment loans		74,748		75,634		26,450		74,243		297		73,629		566
	Permanent mortgage		111,604		125,012		19,323		112,796		706		113,145		1,429
	Credit card & other		524		524		266		648		5		653		16
	Total	$	264,159	$	279,662	$	63,514	$	262,972	$	1,465	$	260,966	$	2,902
Total commercial		$	74,261	$	97,226	$	5,383	$	78,181	$	201	$	87,439	$	445
Total retail		$	296,875	$	337,672	$	63,514	$	296,533	$	1,465	$	295,420	$	2,902
Total impaired loans		$	371,136	$	434,898	$	68,897	$	374,714	$	1,666	$	382,859	$	3,347

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

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 June 30, 2015 and 2014.
	June 30, 2015
			Loans to												Allowance
	General		Mortgage				Income		Residential				Percentage		for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		of Total		Losses
PD Grade:
1	$	495,855	$	-	$	-	$	554	$	-	$	496,409	4	%	$	126
2		590,328		-		-		11,602		41		601,971	5			332
3		484,072		317,856		-		84,178		181		886,287	8			350
4		670,972		366,791		-		96,689		54		1,134,506	10			868
5		1,135,773		304,500		-		213,213		5,288		1,658,774	15			6,372
6		1,223,233		618,616		-		267,983		4,499		2,114,331	20			10,234
7		1,186,480		139,217		-		365,840		2,844		1,694,381	15			13,203
8		749,504		28,068		-		163,904		272		941,748	8			13,942
9		419,687		24,617		-		43,752		383		488,439	4			7,900
10		222,799		-		-		27,840		202		250,841	2			5,147
11		179,139		-		-		24,010		1,071		204,220	2			5,438
12		76,209		-		-		17,884		543		94,636	1			2,704
13		122,862		-		305,382		3,633		287		432,164	4			4,944
14,15,16		109,820		-		-		27,045		2,054		138,919	1			12,829
Collectively evaluated for impairment		7,666,733		1,799,665		305,382		1,348,127		17,719		11,137,626	99			84,389
Individually evaluated for impairment		42,951		-		12,785		10,975		1,518		68,229	1			13,562
Purchased credit-impaired loans		5,047		-		-		20,612		1,764		27,423	-			2,291
Total commercial loans	$	7,714,731	$	1,799,665	$	318,167	$	1,379,714	$	21,001	$	11,233,278	100	%	$	100,242

	June 30, 2014
			Loans to													Allowance
	General		Mortgage				Income		Residential				Percent of			for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		Total			Losses
PD Grade:
1	$	366,235	$	-	$	-	$	-	$	-	$	366,235	4	%	$		-
2		260,581		-		-		3,110		235		263,926	3				245
3		360,700		76,569		-		983		-		438,252	5				307
4		387,884		77,110		-		7,591		-		472,585	5				746
5		760,726		62,031		-		158,071		6,041		986,869	10				2,579
6		991,013		199,651		-		189,927		4,738		1,385,329	14				1,674
7		1,189,915		182,749		-		285,384		6,087		1,664,135	17				2,696
8		771,697		301,174		-		227,419		53		1,300,343	13				2,739
9		686,657		123,423		-		108,523		5,911		924,514	10				5,896
10		375,862		77,058		-		40,228		1,563		494,711	5				5,379
11		361,870		1,517		-		26,275		2,128		391,790	4				8,397
12		136,560		-		-		32,356		994		169,910	2				1,857
13		120,903		-		325,882		8,938		2,007		457,730	5				6,435
14,15,16		137,500		-		9,385		49,842		4,944		201,671	2				37,666
Collectively evaluated for impairment		6,908,103		1,101,282		335,267		1,138,647		34,701		9,518,000	99				76,616
Individually evaluated for impairment		47,884		-		3,520		15,680		7,177		74,261	1				5,383
Purchase credit-impaired loans		6,780		-		-		33,351		1,957		42,088	-				2,413
Total commercial loans	$	6,962,767	$	1,101,282	$	338,787	$	1,187,678	$	43,835	$	9,634,349	100	%		$	84,412

Balances as of June 30, 2015 and 2014, each presented net of $26.2 million 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 June 30, 2015 and 2014:
HELOC
	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	46,789		708		703	$	68,332		708		703
2003		86,928		720		709		120,962		723		710
2004		236,022		723		708		346,431		725		713
2005		382,946		730		718		500,404		732		722
2006		306,652		739		727		365,886		740		728
2007		327,360		744		729		384,391		743		729
2008		183,224		753		748		208,637		753		748
2009		92,774		752		744		110,934		751		745
2010		88,337		754		747		106,954		753		750
2011		86,584		758		751		105,295		759		755
2012		107,715		760		757		128,733		759		759
2013		136,449		757		757		167,149		760		760
2014		120,544		761		763		51,982		760		762
2015		60,176		764		763		-		-		-
Total	$	2,262,500		742		732	$	2,666,090		741		732

Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans

R/E Installment Loans	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	10,180		678		686	$	18,623		680		683
2003		39,996		713		722		62,823		713		724
2004		34,944		698		697		47,502		700		699
2005		106,185		715		711		141,545		716		712
2006		116,730		712		704		156,538		714		702
2007		175,807		722		708		224,425		724		709
2008		56,222		719		712		74,106		721		714
2009		24,999		736		727		33,506		739		732
2010		82,230		750		760		113,437		748		754
2011		254,298		760		759		309,172		760		759
2012		562,078		764		765		653,179		764		765
2013		443,257		755		757		497,720		757		756
2014		439,744		756		755		220,264		756		754
2015		261,101		757		756		-		-		-
Total	$	2,607,771		749		748	$	2,552,840		747		744

Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans

Permanent Mortgage	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2004	$	126,365		722		717	$	169,338		724		720
2004		14,586		712		711		19,378		713		714
2005		32,187		736		734		37,572		737		737
2006		56,378		732		734		68,693		730		721
2007		176,298		733		717		207,116		733		712
2008		81,865		741		710		91,904		741		704
Total	$	487,679		730		717	$	594,001		729		713

Accruing And Non-Accruing Loans By Class

The following table reflects accruing and non-accruing loans by class on June 30, 2015:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	7,673,986	$	4,830	$	199	$	7,679,015	$	13,781	$	2,536	$	14,352	$	30,669	$	7,709,684
Loans to mortgage companies		1,797,877		1,669		-		1,799,546		-		-		119		119		1,799,665
TRUPS (a)		305,382		-		-		305,382		-		-		12,785		12,785		318,167
Purchased credit-impaired loans		4,153		201		693		5,047		-		-		-		-		5,047
Total commercial (C&I)		9,781,398		6,700		892		9,788,990		13,781		2,536		27,256		43,573		9,832,563
Commercial real estate:
Income CRE		1,344,440		2,916		-		1,347,356		1,285		2,041		8,420		11,746		1,359,102
Residential CRE		19,114		123		-		19,237		-		-		-		-		19,237
Purchased credit-impaired loans		22,238		-		138		22,376		-		-		-		-		22,376
Total commercial real estate		1,385,792		3,039		138		1,388,969		1,285		2,041		8,420		11,746		1,400,715
Consumer real estate:
HELOC		2,150,344		22,240		9,785		2,182,369		65,345		5,243		9,543		80,131		2,262,500
R/E installment loans		2,557,513		9,172		4,272		2,570,957		27,294		1,873		5,227		34,394		2,605,351
Purchased credit-impaired loans		2,012		4		404		2,420		-		-		-		-		2,420
Total consumer real estate		4,709,869		31,416		14,461		4,755,746		92,639		7,116		14,770		114,525		4,870,271
Permanent mortgage		444,187		5,450		5,569		455,206		15,495		1,981		14,997		32,473		487,679
Credit card & other
Credit card		182,477		1,446		1,284		185,207		-		-		-		-		185,207
Other		158,530		873		177		159,580		-		-		749		749		160,329
Purchased credit-impaired loans		8		-		-		8		-		-		-		-		8
Total credit card & other		341,015		2,319		1,461		344,795		-		-		749		749		345,544
Total loans, net of unearned	$	16,662,261	$	48,924	$	22,521	$	16,733,706	$	123,200	$	13,674	$	66,192	$	203,066	$	16,936,772

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

The following table reflects accruing and non-accruing loans by class on June 30, 2014:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	6,900,880	$	9,707	$	704	$	6,911,291	$	13,105	$	3,850	$	27,741	$	44,696	$	6,955,987
Loans to mortgage companies		1,097,367		3,782		-		1,101,149		-		-		133		133		1,101,282
TRUPS (a)		335,267		-		-		335,267		-		-		3,520		3,520		338,787
Purchased credit-impaired loans		5,226		322		1,232		6,780		-		-		-		-		6,780
Total commercial (C&I)		8,338,740		13,811		1,936		8,354,487		13,105		3,850		31,394		48,349		8,402,836
Commercial real estate:
Income CRE		1,134,752		8,044		-		1,142,796		271		133		11,127		11,531		1,154,327
Residential CRE		39,429		-		-		39,429		1,297		-		1,152		2,449		41,878
Purchased credit-impaired loans		29,827		259		5,222		35,308		-		-		-		-		35,308
Total commercial real estate		1,204,008		8,303		5,222		1,217,533		1,568		133		12,279		13,980		1,231,513
Consumer real estate:
HELOC		2,548,170		19,772		9,677		2,577,619		71,653		5,888		10,930		88,471		2,666,090
R/E installment loans		2,490,461		11,264		7,889		2,509,614		32,881		3,002		6,568		42,451		2,552,065
Purchased credit-impaired loans		775		-		-		775		-		-		-		-		775
Total consumer real estate		5,039,406		31,036		17,566		5,088,008		104,534		8,890		17,498		130,922		5,218,930
Permanent mortgage		546,846		5,559		4,573		556,978		16,935		3,410		16,678		37,023		594,001
Credit card & other
Credit card		184,014		2,010		1,564		187,588		-		-		-		-		187,588
Other		158,233		937		317		159,487		-		-		1,342		1,342		160,829
Purchased credit-impaired loans		12		-		-		12		-		-		-		-		12
Total credit card & other		342,259		2,947		1,881		347,087		-		-		1,342		1,342		348,429
Total loans, net of unearned	$	15,471,259	$	61,656	$	31,178	$	15,564,093	$	136,142	$	16,283	$	79,191	$	231,616	$	15,795,709

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

Schedule Of Troubled Debt Restructurings Occurring During The Year

The following tables reflect portfolio loans that were classified as TDRs during the three and six months ended June 30, 2015 and 2014:
		Three Months Ended June 30, 2015					Six Months Ended June 30, 2015
			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		-	$	-	$	-	2	$	1,388	$	1,325
	Total commercial (C&I)	-		-		-	2		1,388		1,325
Consumer real estate:
HELOC		65		7,237		7,147	102		10,964		10,854
R/E installment loans		22		1,912		1,916	38		3,266		3,293
	Total consumer real estate	87		9,149		9,063	140		14,230		14,147
Permanent mortgage		4		1,718		1,733	6		2,039		2,054
Credit card & other		6		20		19	12		48		46
Total troubled debt restructurings		97	$	10,887	$	10,815	160	$	17,705	$	17,572

		Three Months Ended June 30, 2014					Six Months Ended June 30, 2014
			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		2	$	736	$	522	2	$	736	$	522
	Total commercial (C&I)	2		736		522	2		736		522
Commercial real estate:
Income CRE		2		421		421	2		421		421
Residential CRE		1		976		960	1		976		960
	Total commercial real estate	3		1,397		1,381	3		1,397		1,381
Consumer real estate:
HELOC		97		8,279		8,557	164		14,069		14,325
R/E installment loans		45		3,132		3,093	117		8,275		8,195
	Total consumer real estate	142		11,411		11,650	281		22,344		22,520
Permanent mortgage		12		2,082		2,080	24		6,675		6,167
Credit card & other		14		60		57	34		147		142
Total troubled debt restructurings		173	$	15,686	$	15,690	344	$	31,299	$	30,732

Schedule Of Troubled Debt Restructurings Within The Previous 12 Months

The following tables present TDRs which re-defaulted during the three and six months ended June 30, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
		Three Months Ended			Six Months Ended
		June 30, 2015			June 30, 2015
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		-	$	-	-	$	-
	Total commercial (C&I)	-		-	-		-
Commercial real estate:
Income CRE		-		-	-		-
Residential CRE		1		896	1		896
	Total commercial real estate	1		896	1		896
Consumer real estate:
HELOC		6		278	7		308
R/E installment loans		1		26	2		112
	Total consumer real estate	7		304	9		420
Permanent mortgage		-		-	-		-
Credit card & other		2		5	3		8
Total troubled debt restructurings		10	$	1,205	13	$	1,324

		Three Months Ended			Six Months Ended
		June 30, 2014			June 30, 2014
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		-	$	-	4	$	512
	Total commercial (C&I)	-		-	4		512
Commercial real estate:
Income CRE		-		-	2		389
Residential CRE		-		-	-		-
	Total commercial real estate	-		-	2		389
Consumer real estate:
HELOC		2		128	5		339
R/E installment loans		5		305	7		368
	Total consumer real estate	7		433	12		707
Permanent mortgage		2		781	2		781
Credit card & other		2		4	2		4
Total troubled debt restructurings		11	$	1,218	22	$	2,393

XML

Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2015

Loans And Leases Receivable Allowance [Abstract]

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 and six months ended June 30, 2015 and 2014:
				Commercial		Consumer		Permanent		Credit Card
(Dollars in thousands)		C&I		Real Estate		Real Estate		Mortgage		and Other			Total
Balance as of April 1, 2014		$	72,732	$	15,523	$	123,409	$	22,521	$	13,061	$	247,246
Charge-offs			(5,449)		(747)		(8,074)		(879)		(3,615)		(18,764)
Recoveries			1,517		1,732		5,470		694		733		10,146
Provision/(provision credit) for loan losses			(209)		(687)		(2,768)		1,391		7,273		5,000
Balance as of June 30, 2014			68,591		15,821		118,037		23,727		17,452		243,628
Balance as of January 1, 2014		$	86,446	$	10,603	$	126,785	$	22,491	$	7,484	$	253,809
Charge-offs			(11,256)		(1,374)		(20,338)		(3,097)		(7,391)		(43,456)
Recoveries			3,119		2,011		10,444		1,272		1,429		18,275
Provision/(provision credit) for loan losses			(9,718)		4,581		1,146		3,061		15,930		15,000
Balance as of June 30, 2014			68,591		15,821		118,037		23,727		17,452		243,628
Allowance - individually evaluated for impairment			4,075		1,308		43,925		19,323		266		68,897
Allowance - collectively evaluated for impairment			64,473		12,143		74,071		4,404		17,185		172,276
Allowance - purchase credit impaired loans			43		2,370		41		-		1		2,455
Loans, net of unearned as of June 30, 2014:
	Individually evaluated for impairment		51,404		22,857		176,885		119,466		524		371,136
	Collectively evaluated for impairment		8,344,652		1,173,348		5,041,270		474,535		347,893		15,381,698
	Purchased credit-impaired loans		6,780		35,308		775		-		12		42,875
Total loans, net of unearned		$	8,402,836	$	1,231,513	$	5,218,930	$	594,001	$	348,429	$	15,795,709
Balance as of April 1, 2015		$	67,652	$	17,665	$	109,245	$	20,186	$	13,580	$	228,328
Charge-offs			(4,976)		(888)		(6,903)		(809)		(5,858)		(19,434)
Recoveries			926		153		7,851		671		856		10,457
Provision/(provision credit) for loan losses			15,148		4,562		(24,736)		2,329		4,697		2,000
Balance as of June 30, 2015			78,750		21,492		85,457		22,377		13,275		221,351
Balance as of January 1, 2015		$	67,011	$	18,574	$	113,011	$	19,122	$	14,730	$	232,448
Charge-offs			(8,531)		(1,675)		(15,440)		(1,993)		(9,794)		(37,433)
Recoveries			2,879		844		12,575		1,289		1,749		19,336
Provision/(provision credit) for loan losses			17,391		3,749		(24,689)		3,959		6,590		7,000
Balance as of June 30, 2015			78,750		21,492		85,457		22,377		13,275		221,351
Allowance - individually evaluated for impairment			12,927		635		41,406		17,857		155		72,980
Allowance - collectively evaluated for impairment			65,646		18,743		43,558		4,520		13,120		145,587
Allowance - purchased credit-impaired loans			177		2,114		493		-		-		2,784
Loans, net of unearned as of June 30, 2015:
	Individually evaluated for impairment		55,736		12,493		172,097		107,157		418		347,901
	Collectively evaluated for impairment		9,771,780		1,365,846		4,695,754		380,522		345,118		16,559,020
	Purchased credit-impaired loans		5,047		22,376		2,420		-		8		29,851
Total loans, net of unearned		$	9,832,563	$	1,400,715	$	4,870,271	$	487,679	$	345,544	$	16,936,772

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Consolidated Statements Of Equity (Parenthetical) - USD ($)	6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014
Common stock - cash dividends declared per share	$ 0.12		$ 0.1
Common stock repurchased	$ 20,031,000	[1]	$ 4,871,000
Preferred Stock Dividends Per Share Declared	$ 3,100		$ 3,100
Stock Repurchase Authorization [Member]
Common stock repurchased	$ 15,800,000

[1] 2015 includes $ 15.8 million repurchased under t he share repurchase program launched in January 2014

XML

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements

The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Condensed Statements of Condition:
			Other
			Intangible
(Dollars in thousands)	Goodwill		Assets (a)
December 31, 2013	$	141,943	$	21,988
Amortization expense		-		(1,963)
June 30, 2014	$	141,943	$	20,025
December 31, 2014	$	145,932	$	29,518
Amortization expense		-		(2,596)
June 30, 2015	$	145,932	$	26,922

(a) Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.

Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments

Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning January 1, 2012, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. Gross goodwill of $200.0 million with accumulated impairments and accumulated divestiture related write-offs of $114.1 million and $85.9 million, respectively, were previously allocated to the non-strategic segment, resulting in $0 net goodwill allocated to the non-strategic segment as of June 30, 2014 and 2015. The regional bank and fixed income segments do not have any accumulated impairments or divestiture related write-offs. The following is a summary of goodwill by reportable segment included in the Consolidated Condensed Statements of Condition as of June 30, 2014 and 2015.
		Regional		Fixed
(Dollars in thousands)		Banking		Income		Total
December 31, 2013		$	43,939	$	98,004	$	141,943
	Additions		-		-		-
	Impairments		-		-		-
	Divestitures		-		-		-
Net change in goodwill during 2014			-		-		-
June 30, 2014		$	43,939	$	98,004	$	141,943
December 31, 2014		$	47,928	$	98,004	$	145,932
	Additions		-		-		-
	Impairments		-		-		-
	Divestitures		-		-		-
Net change in goodwill during 2015			-		-		-
June 30, 2015		$	47,928	$	98,004	$	145,932

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Derivative Liabilities and Collateral Pledged (Details) - USD ($)		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Derivative [Line Items]
Gross amounts of recognized liabilities		$ 109,815,000	$ 119,239,000	$ 138,336,000
Derivative Liabilities not subject to master netting agreements		9,600,000		10,000,000
Derivatives, Interest Rate Contracts | Subject to Master Netting Agreements
Derivative [Line Items]
Gross amounts of recognized liabilities	[1]	100,191,000		128,293,000
Gross amounts offset in the Statement of Condition	[1]	0		0
Net amounts of liabilities presented in the Statement of Condition	[1],[2]	100,191,000		128,293,000
Derivative assets available for offset	[1]	(15,750,000)		(26,475,000)
Collateral pledged	[1]	(68,775,000)		(88,935,000)
Net amount	[1]	$ 15,666,000		$ 12,883,000

[1] 2015 and 2014 are comprised entirely of interest rate derivative contracts.

[2] In cluded in Derivative l iabilities on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 9 . 6 million and $ 10.0 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.

XML

Derivatives (Tables)

6 Months Ended

Jun. 30, 2015

Derivatives [Abstract]

Derivatives Associated With Fixed Income Trading Activities

The following tables summarize FHN’s derivatives associated with fixed income trading activities as of June 30, 2015 and 2014:
	June 30, 2015
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,640,844		$	66,078		$	3,285
Offsetting Upstream Interest Rate Contracts		1,640,844			3,285			66,078
Option Contracts Purchased		15,000			55			-
Forwards and Futures Purchased		2,297,489			2,773			2,174
Forwards and Futures Sold		2,531,248			2,526			2,614

	June 30, 2014
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,760,032		$	80,710		$	4,948
Offsetting Upstream Interest Rate Contracts		1,760,032			4,948			80,710
Option Contracts Purchased		17,500			29			-
Option Contracts Written		5,000			-			4
Forwards and Futures Purchased		2,378,633			4,571			330
Forwards and Futures Sold		2,487,732			548			4,980

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 three and six months ended June 30, 2015 and 2014:
										Gains/(Losses)
										Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2015				June 30, 2015
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	744,167		$	24,148	$	409			$	(6,158)			$	(1,915)
	Offsetting Upstream Interest Rate Contracts (a)		744,167			409		24,648				6,158				1,915
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,350,000		$	15,954	$	5,131			$	(10,810)			$	(9,840)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,350,000	(c)		$	10,735	(d)		$	9,812	(d)

										Gains/(Losses)
										Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2014				June 30, 2014
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	759,266		$	28,143	$	997			$	2,714			$	2,069
	Offsetting Upstream Interest Rate Contracts (a)		775,204			997		28,643				(2,714)				(2,069)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,254,000		$	42,121	$	12,095			$	(3,628)			$	(3,239)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,254,000	(c)		$	3,628	(d)		$	3,239	(d)

• Gains/losses included in the All other expense section of the Consolidated Condensed Statements of Income.
• Gains/losses included in the All other income and commissions section of the Consolidated Condensed 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.

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 three and six months ended June 30, 2015 and 2014:
												Gains/(Losses)
												Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities			June 30, 2015				June 30, 2015
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500			N/A			$	640		$	63			$	104
Hedged Items:
	Trust Preferred Loans (a)			N/A		$	6,500	(b)			N/A		$	(62)	(c)		$	(103)	(c)

												Gains/(Losses)
												Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities			June 30, 2014				June 30, 2014
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500			N/A			$	900		$	42			$	105
Hedged Items:
	Trust Preferred Loans (a)			N/A		$	6,500	(b)			N/A		$	(41)	(c)		$	(104)	(c)

• Assets included in the Loans, net of unearned income section of the Consolidated Condensed 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 a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of June 30:
								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Derivative
	Gross amounts		offset in the		assets presented		liabilities
	of recognized		Statement of		in the Statement		available for		Collateral
(Dollars in thousands)	assets		Condition		of Condition (a)		offset		Received		Net amount
Derivative assets:
2015 (b)	$	109,874	$	-	$	109,874	$	(15,750)	$	(93,656)	$	468
2014 (b)		156,919		-		156,919		(26,475)		(129,064)		1,380

• Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $5.4 million and $5.1 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.
• 2015 and 2014are comprised entirely of interest rate derivative contracts.

Derivative Liabilities and Collateral Pledged

The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of June 30:
									Gross amounts not offset in the
									Statement of Condition
			Gross amounts			Net amounts of
	Gross amounts		offset in the		liabilities presented			Derivative
	of recognized		Statement of			in the Statement		assets available		Collateral
(Dollars in thousands)	liabilities		Condition			of Condition (a)		for offset		pledged		Net amount
Derivative liabilities:
2015 (b)	$	100,191	$	-		$	100,191	$	(15,750)	$	(68,775)	$	15,666
2014 (b)		128,293		-			128,293		(26,475)		(88,935)		12,883

• Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $9.6 million and $10.0 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.
• 2015and 2014 are comprised entirely of interest rate derivative contracts.

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Loans (Information By Class Related To Individually Impaired Loans) (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		$ 348,515,000	$ 371,136,000	$ 348,515,000	$ 371,136,000
Unpaid Principal Balance		405,308,000	434,898,000	405,308,000	434,898,000
Related Allowance		72,980,000	68,897,000	72,980,000	68,897,000
Average Recorded Investment		348,644,000	374,714,000	347,253,000	382,859,000
Interest Income Recognized		1,709,000	1,666,000	3,369,000	3,347,000
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		68,843,000	74,261,000	68,843,000	74,261,000
Unpaid Principal Balance		88,577,000	97,226,000	88,577,000	97,226,000
Related Allowance		13,562,000	5,383,000	13,562,000	5,383,000
Average Recorded Investment		67,341,000	78,181,000	64,065,000	87,439,000
Interest Income Recognized		276,000	201,000	566,000	445,000
Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		279,672,000	296,875,000	279,672,000	296,875,000
Unpaid Principal Balance		316,731,000	337,672,000	316,731,000	337,672,000
Related Allowance		59,418,000	63,514,000	59,418,000	63,514,000
Average Recorded Investment		281,303,000	296,533,000	283,188,000	295,420,000
Interest Income Recognized		1,433,000	1,465,000	2,803,000	2,902,000
Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		16,589,000	23,475,000	16,589,000	23,475,000
Unpaid Principal Balance		26,952,000	33,504,000	26,952,000	33,504,000
Related Allowance		0	0	0	0
Average Recorded Investment		17,214,000	23,052,000	17,875,000	27,596,000
Interest Income Recognized		0	0	0	0
Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		23,939,000	32,716,000	23,939,000	32,716,000
Unpaid Principal Balance		45,418,000	58,010,000	45,418,000	58,010,000
Related Allowance		0	0	0	0
Average Recorded Investment		24,131,000	33,561,000	24,510,000	34,454,000
Interest Income Recognized		0	0	0	0
Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		52,254,000	50,786,000	52,254,000	50,786,000
Unpaid Principal Balance		61,625,000	63,722,000	61,625,000	63,722,000
Related Allowance		13,562,000	5,383,000	13,562,000	5,383,000
Average Recorded Investment		50,127,000	55,129,000	46,190,000	59,843,000
Interest Income Recognized		276,000	201,000	566,000	445,000
Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		255,733,000	264,159,000	255,733,000	264,159,000
Unpaid Principal Balance		271,313,000	279,662,000	271,313,000	279,662,000
Related Allowance		59,418,000	63,514,000	59,418,000	63,514,000
Average Recorded Investment		257,172,000	262,972,000	258,678,000	260,966,000
Interest Income Recognized		1,433,000	1,465,000	2,803,000	2,902,000
General C I [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		12,402,000	15,489,000	12,402,000	15,489,000
Unpaid Principal Balance		15,690,000	17,280,000	15,690,000	17,280,000
Related Allowance		0	0	0	0
Average Recorded Investment		13,016,000	14,809,000	12,305,000	17,594,000
Interest Income Recognized		0	0	0	0
General C I [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		30,549,000	32,395,000	30,549,000	32,395,000
Unpaid Principal Balance		37,741,000	38,331,000	37,741,000	38,331,000
Related Allowance		8,117,000	3,150,000	8,117,000	3,150,000
Average Recorded Investment		28,400,000	30,059,000	24,087,000	26,146,000
Interest Income Recognized		237,000	78,000	490,000	157,000
TRUPs [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment			0		0
Unpaid Principal Balance			0		0
Related Allowance			0		0
Average Recorded Investment			0		1,625,000
Interest Income Recognized			0		0
TRUPs [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		13,399,000	3,520,000	13,399,000	3,520,000
Unpaid Principal Balance		13,700,000	3,700,000	13,700,000	3,700,000
Related Allowance		4,810,000	925,000	4,810,000	925,000
Average Recorded Investment		13,414,000	8,535,000	13,429,000	16,057,000
Interest Income Recognized		0	0	0	0
Income C R E [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		4,187,000	6,838,000	4,187,000	6,838,000
Unpaid Principal Balance		11,262,000	14,397,000	11,262,000	14,397,000
Related Allowance		0	0	0	0
Average Recorded Investment		4,198,000	7,669,000	5,283,000	8,090,000
Interest Income Recognized		0	0	0	0
Income C R E [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		6,788,000	8,842,000	6,788,000	8,842,000
Unpaid Principal Balance		8,298,000	10,214,000	8,298,000	10,214,000
Related Allowance		533,000	641,000	533,000	641,000
Average Recorded Investment		6,742,000	10,331,000	7,140,000	11,214,000
Interest Income Recognized		33,000	62,000	63,000	164,000
Residential C R E [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		0	1,148,000	0	1,148,000
Unpaid Principal Balance		0	1,827,000	0	1,827,000
Related Allowance		0	0	0	0
Average Recorded Investment		0	574,000	287,000	287,000
Interest Income Recognized		0	0	0	0
Residential C R E [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		1,518,000	6,029,000	1,518,000	6,029,000
Unpaid Principal Balance		1,886,000	11,477,000	1,886,000	11,477,000
Related Allowance		102,000	667,000	102,000	667,000
Average Recorded Investment		1,571,000	6,204,000	1,534,000	6,426,000
Interest Income Recognized		6,000	61,000	13,000	124,000
Home Equity [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	[1]	12,577,000	17,390,000	12,577,000	17,390,000
Unpaid Principal Balance	[1]	30,604,000	38,216,000	30,604,000	38,216,000
Related Allowance	[1]	0	0	0	0
Average Recorded Investment	[1]	12,588,000	16,771,000	12,788,000	16,629,000
Interest Income Recognized	[1]	0	0	0	0
Home Equity [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		87,292,000	77,283,000	87,292,000	77,283,000
Unpaid Principal Balance		89,454,000	78,492,000	89,454,000	78,492,000
Related Allowance		21,967,000	17,475,000	21,967,000	17,475,000
Average Recorded Investment		86,197,000	75,285,000	85,417,000	73,539,000
Interest Income Recognized		461,000	457,000	909,000	891,000
R E Installment Loans [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	[1]	4,959,000	7,464,000	4,959,000	7,464,000
Unpaid Principal Balance	[1]	6,211,000	10,009,000	6,211,000	10,009,000
Related Allowance	[1]	0	0	0	0
Average Recorded Investment	[1]	4,739,000	8,932,000	4,704,000	9,818,000
Interest Income Recognized	[1]	0	0	0	0
R E Installment Loans [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		67,269,000	74,748,000	67,269,000	74,748,000
Unpaid Principal Balance		68,151,000	75,634,000	68,151,000	75,634,000
Related Allowance		19,439,000	26,450,000	19,439,000	26,450,000
Average Recorded Investment		68,330,000	74,243,000	69,227,000	73,629,000
Interest Income Recognized		331,000	297,000	658,000	566,000
Permanent Mortgage Portfolio Segment [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	[1]	6,403,000	7,862,000	6,403,000	7,862,000
Unpaid Principal Balance	[1]	8,603,000	9,785,000	8,603,000	9,785,000
Related Allowance	[1]	0	0	0	0
Average Recorded Investment	[1]	6,804,000	7,858,000	7,018,000	8,007,000
Interest Income Recognized	[1]	0	0	0	0
Permanent Mortgage Portfolio Segment [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		100,754,000	111,604,000	100,754,000	111,604,000
Unpaid Principal Balance		113,290,000	125,012,000	113,290,000	125,012,000
Related Allowance		17,857,000	19,323,000	17,857,000	19,323,000
Average Recorded Investment		102,194,000	112,796,000	103,555,000	113,145,000
Interest Income Recognized		637,000	706,000	1,228,000	1,429,000
Credit Card Other [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		418,000	524,000	418,000	524,000
Unpaid Principal Balance		418,000	524,000	418,000	524,000
Related Allowance		155,000	266,000	155,000	266,000
Average Recorded Investment		451,000	648,000	479,000	653,000
Interest Income Recognized		$ 4,000	$ 5,000	$ 8,000	$ 16,000

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

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Pension, Savings, And Other Employee Benefits (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Estimated social security benefits age	65 years
Non Qualified Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions to non-qualified plans			$ 5.0	$ 5.0
Savings Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer investment in qualified defined contribution plan	100.00%	100.00%
Maximum percent of employee pre-tax contributions that may be matched by the Company	6.00%	6.00%

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Consolidated Statements of Condition - USD ($)		Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Assets:
Cash and due from banks		$ 274,256,000		$ 349,171,000	$ 417,108,000
Federal funds sold		77,039,000		63,080,000	51,537,000
Securities purchased under agreements to resell (Note 15)		816,991,000		659,154,000	624,477,000
Total cash and cash equivalents		1,168,286,000		1,071,405,000	1,093,122,000
Interest-bearing cash		344,944,000		1,621,967,000	255,920,000
Trading securities		1,133,490,000		1,194,391,000	1,150,280,000
Loans held-for-sale		127,196,000	[1]	141,285,000	358,945,000
Securities available-for-sale (Note 3)		3,648,860,000	[2]	3,556,613,000	3,576,542,000	[3]
Securities held-to-maturity (Note 3)		4,306,000		4,292,000	4,279,000
Loans, net of unearned income (Note 4)		16,936,772,000	[4]	16,230,166,000	15,795,709,000
Less: Allowance for loan losses (Note 5)		221,351,000		232,448,000	243,628,000
Total net loans		16,715,421,000		15,997,718,000	15,552,081,000
Goodwill (Note 6)		145,932,000		145,932,000	141,943,000
Other intangible assets, net (Note 6)	[5]	26,922,000		29,518,000	20,025,000
Fixed income receivables		91,069,000		42,488,000	174,224,000
Premises and equipment, net		269,507,000		302,996,000	300,533,000
Real estate acquired by foreclosure		40,268,000	[6]	39,922,000	57,552,000
Derivative assets (Note 14)		115,230,000		134,088,000	162,067,000
Other assets		1,408,336,000		1,385,572,000	1,370,832,000
Total assets		25,239,767,000		25,668,187,000	24,218,345,000
Deposits:
Savings		7,462,642,000		7,455,354,000	6,317,197,000
Time deposits		769,132,000		831,666,000	808,822,000
Other interest-bearing deposits		4,675,742,000		4,140,991,000	4,014,071,000
Certificates of deposit $100,000 and more		400,021,000		445,272,000	503,597,000
Interest-bearing		13,307,537,000		12,873,283,000	11,643,687,000
Noninterest-bearing		5,366,936,000		5,195,656,000	4,513,800,000
Total deposits		18,674,473,000		18,068,939,000	16,157,487,000
Federal funds purchased		556,862,000		1,037,052,000	947,946,000
Securities sold under agreements to repurchase (Note 15)		311,760,000		562,214,000	475,530,000
Trading liabilities		732,564,000		594,314,000	706,119,000
Other short-term borrowings		150,350,000		157,218,000	1,073,250,000
Term borrowings		1,557,647,000		1,880,105,000	1,501,209,000
Fixed income payables		54,301,000		18,157,000	95,299,000
Derivative liabilities (Note 14)		109,815,000		119,239,000	138,336,000
Other liabilities		574,090,000		649,359,000	507,894,000
Total liabilities		22,721,862,000		23,086,597,000	21,603,070,000
First Horizon National Corporation Shareholders' Equity:
Preferred stock - Series A, non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (shares authorized - 1,000; shares issued - 1,000 on June 30, 2015, June 30, 2014 and December 31, 2014)		95,624,000		95,624,000	95,624,000
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 234,020,798 on June 30, 2015; 237,146,617 on June 30, 2014; and 234,219,663 on December 31, 2014)		146,263,000		146,387,000	148,217,000
Capital surplus		1,371,712,000		1,380,809,000	1,416,012,000
Undivided profits		797,123,000		851,585,000	782,102,000
Accumulated other comprehensive loss, net (Note 8)		(188,248,000)		(188,246,000)	(122,111,000)
Total First Horizon National Corporation Shareholders' Equity		2,222,474,000		2,286,159,000	2,319,844,000
Noncontrolling interest		295,431,000		295,431,000	295,431,000
Total equity		2,517,905,000		2,581,590,000	2,615,275,000
Total liabilities and equity		$ 25,239,767,000		$ 25,668,187,000	$ 24,218,345,000

[1] June 30, 2015 includes $20.2 million of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[3] Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[4] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[5] Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.

[6] June 30, 2015 includes $18.7 million of foreclosed residential real estate.

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Investment Securities (Schedule Of FHN's Investment Securities) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	$ 3,622,145,000	[1]	$ 3,551,256,000	[2]
Securities available for sale, Gross Unrealized Gains	49,925,000	[1]	60,999,000	[2]
Securities available for sale, Gross Unrealized Losses	(23,210,000)	[1]	(35,713,000)	[2]
Securities available for sale	3,648,860,000	[1]	3,576,542,000	[2]	$ 3,556,613,000
Pledged available for sale securities	3,200,000,000		3,400,000,000
Schedule Of Held To Maturity Securities [Line Items]
Securities held to maturity, Amortized cost	4,306,000		4,279,000		$ 4,292,000
Securities held to maturity, Gross Unrealized Gains	1,050,000		1,277,000
Securities held to maturity, Gross Unrealized Losses	0		0
Securities held to maturity, Fair Value	5,356,000		5,556,000
FRB [Member]
Schedule of Available-for-sale Securities [Line Items]
Restricted investments	65,800,000		66,000,000
FHLB-Cincinnati Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Restricted investments	87,900,000		87,900,000
U.S. treasuries
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	100,000		39,995,000
Securities available for sale, Gross Unrealized Gains	0		4,000
Securities available for sale, Gross Unrealized Losses	0		0
Securities available for sale	100,000		39,999,000
Government Agency Issued Mortgage-Backed Securities ("MBS")
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	804,841,000		724,785,000
Securities available for sale, Gross Unrealized Gains	29,068,000		39,679,000
Securities available for sale, Gross Unrealized Losses	(3,269,000)		(1,622,000)
Securities available for sale	830,640,000		762,842,000
Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	2,624,151,000		2,582,242,000
Securities available for sale, Gross Unrealized Gains	20,836,000		21,211,000
Securities available for sale, Gross Unrealized Losses	(19,701,000)		(34,065,000)
Securities available for sale	2,625,286,000		2,569,388,000
Other U.S. Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	1,539,000		1,973,000
Securities available for sale, Gross Unrealized Gains	21,000		88,000
Securities available for sale, Gross Unrealized Losses	0		0
Securities available for sale	1,560,000		2,061,000
U S States And Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	9,455,000		15,155,000
Securities available for sale, Gross Unrealized Gains	0		0
Securities available for sale, Gross Unrealized Losses	0		0
Securities available for sale	9,455,000		15,155,000
Equity and other
Schedule of Available-for-sale Securities [Line Items]
Securities available for sale, Amortized Cost	182,059,000	[3]	187,106,000	[4]
Securities available for sale, Gross Unrealized Gains	0	[3]	17,000	[4]
Securities available for sale, Gross Unrealized Losses	(240,000)	[3]	(26,000)	[4]
Securities available for sale	181,819,000	[3]	187,097,000	[4]
Schedule Of Held To Maturity Securities [Line Items]
Securities held to maturity, Amortized cost	0
Securities held to maturity, Fair Value	0
U S States And Political Subdivisions [Member]
Schedule Of Held To Maturity Securities [Line Items]
Securities held to maturity, Amortized cost	4,306,000		4,279,000
Securities held to maturity, Gross Unrealized Gains	1,050,000		1,277,000
Securities held to maturity, Gross Unrealized Losses	0		0
Securities held to maturity, Fair Value	$ 5,356,000		$ 5,556,000

[1] Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[3] Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 65.8 million. The remainder is money market and cost method investments.

[4] Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments.

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Consolidated Statements Of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Components Of Other Comprehensive Income/(Loss) [Abstract]
Net income/(loss)	$ 54,957,000	$ 81,929,000	$ (17,448,000)		$ 131,908,000
Unrealized fair value adjustments:
Securities available-for-sale	(20,100,000)	17,358,000	(2,096,000)		26,837,000
Recognized pension and other employee benefit plans net periodic benefit costs	1,011,000	650,000	2,094,000		1,061,000
Other comprehensive income/(loss)	(19,089,000)	18,008,000	(2,000)	[1]	27,898,000	[1]
Comprehensive income/(loss)	35,868,000	99,937,000	(17,450,000)		159,806,000
Comprehensive income attributable to noncontrolling interest	2,851,000	2,859,000	5,609,000		5,672,000
Comprehensive income/(loss) attributable to controlling interest	$ 33,017,000	$ 97,078,000	$ (23,059,000)		$ 154,134,000

[1] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.

XML

Fair Value Of Assets And Liabilities (Summary Of Book Value And Estimated Fair Value Of Financial Instruments) (Details) - USD ($)		Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Assets:
Total loans, net of unearned income and allowance for loan losses		$ 16,715,421,000		$ 15,997,718,000	$ 15,552,081,000
Short Term Financial Assets:
Total interest-bearing cash		344,944,000		1,621,967,000	255,920,000
Total federal funds sold		77,039,000		63,080,000	51,537,000
Securities purchased under agreements to resell		816,991,000		659,154,000	624,477,000
Trading securities		1,133,490,000		1,194,391,000	1,150,280,000
Loans held-for-sale		127,196,000	[1]	141,285,000	358,945,000
Securities available for sale		3,648,860,000	[2]	3,556,613,000	3,576,542,000	[3]
Securities held-to-maturity		4,306,000		4,292,000	4,279,000
Derivative assets		115,230,000		134,088,000	162,067,000
Other assets
Total other assets		144,729,000			190,124,000
Non Earning Assets [Abstract]
Cash and due from banks		274,256,000		349,171,000	417,108,000
Fixed income receivables		91,069,000		42,488,000	174,224,000
Total assets		25,239,767,000		25,668,187,000	24,218,345,000
Deposits:
Total deposits		18,674,473,000		18,068,939,000	16,157,487,000
Trading liabilities		732,564,000		594,314,000	706,119,000
Short Term Financial Liabilities
Federal funds purchased		556,862,000		1,037,052,000	947,946,000
Securities sold under agreements to repurchase		311,760,000		562,214,000	475,530,000
Other short-term borrowings		150,350,000		157,218,000	1,073,250,000
Term Borrowings
Total long term borrowings		1,557,647,000		1,880,105,000	1,501,209,000
Derivative liabilities		109,815,000		119,239,000	138,336,000
Other noninterest-bearing liabilities
Fixed income payables		54,301,000		18,157,000	95,299,000
Total liabilities		22,721,862,000		$ 23,086,597,000	21,603,070,000
Carrying Reported Amount Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		16,715,421,000			15,552,081,000
Short Term Financial Assets:
Total interest-bearing cash		344,944,000			255,920,000
Total federal funds sold		77,039,000			51,537,000
Securities purchased under agreements to resell		816,991,000			624,477,000
Total short-term financial assets		1,238,974,000			931,934,000
Trading securities	[4]	1,133,490,000			1,150,280,000
Loans held-for-sale	[4]	127,196,000			358,945,000
Securities available for sale	[4]	3,648,860,000	[5]		3,576,542,000	[6]
Securities held-to-maturity		4,306,000			4,279,000
Derivative assets	[4]	115,230,000			162,067,000
Other assets
Tax credit investments		90,095,000			82,493,000
Deferred compensation assets		27,341,000			24,860,000
Total other assets		117,436,000			107,353,000
Non Earning Assets [Abstract]
Cash and due from banks		274,256,000			417,108,000
Fixed income receivables		91,069,000			174,224,000
Accrued interest receivable		57,346,000			67,132,000
Total nonearning assets		422,671,000			658,464,000
Total assets		23,523,584,000			22,501,945,000
Deposits:
Defined maturity		1,169,153,000			1,312,419,000
Undefined maturity		17,505,320,000			14,845,068,000
Total deposits		18,674,473,000			16,157,487,000
Trading liabilities	[4]	732,564,000			706,119,000
Short Term Financial Liabilities
Federal funds purchased		556,862,000			947,946,000
Securities sold under agreements to repurchase		311,760,000			475,530,000
Other short-term borrowings		150,350,000			1,073,250,000
Total short-term financial liabilities		1,018,972,000			2,496,726,000
Term Borrowings
Real estate investment trust-preferred		45,930,000			45,862,000
Term borrowings - new market tax credit investment		18,000,000			18,000,000
Borrowings secured by residential real estate		55,679,000			74,103,000
Other long term borrowings		1,438,038,000			1,363,244,000
Total long term borrowings		1,557,647,000			1,501,209,000
Derivative liabilities	[4]	109,815,000			138,336,000
Other noninterest-bearing liabilities
Fixed income payables		54,301,000			95,299,000
Accrued interest payable		16,382,000			23,218,000
Total other noninterest-bearing liabilities		70,683,000			118,517,000
Total liabilities		22,164,154,000			21,118,394,000
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		9,753,813,000			8,334,245,000
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		1,379,223,000			1,215,692,000
Carrying Reported Amount Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		4,784,814,000			5,100,893,000
Carrying Reported Amount Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		465,302,000			570,274,000
Carrying Reported Amount Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		332,269,000			330,977,000
Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		16,484,701,000			15,069,802,000
Short Term Financial Assets:
Total interest-bearing cash		344,944,000			255,920,000
Total federal funds sold		77,039,000			51,537,000
Securities purchased under agreements to resell		816,991,000			624,477,000
Total short-term financial assets		1,238,974,000			931,934,000
Trading securities	[4]	1,133,490,000			1,150,280,000
Loans held-for-sale	[4]	127,196,000			358,945,000
Securities available for sale	[4]	3,648,860,000	[5]		3,576,542,000	[6]
Securities held-to-maturity		5,356,000			5,556,000
Derivative assets	[4]	115,230,000			162,067,000
Other assets
Tax credit investments		60,619,000			70,306,000
Deferred compensation assets		27,341,000			24,860,000
Total other assets		87,960,000			95,166,000
Non Earning Assets [Abstract]
Cash and due from banks		274,256,000			417,108,000
Fixed income receivables		91,069,000			174,224,000
Accrued interest receivable		57,346,000			67,132,000
Total nonearning assets		422,671,000			658,464,000
Total assets		23,264,438,000			22,008,756,000
Deposits:
Defined maturity		1,173,899,000			1,319,686,000
Undefined maturity		17,505,320,000			14,845,068,000
Total deposits		18,679,219,000			16,164,754,000
Trading liabilities	[4]	732,564,000			706,119,000
Short Term Financial Liabilities
Federal funds purchased		556,862,000			947,946,000
Securities sold under agreements to repurchase		311,760,000			475,530,000
Other short-term borrowings		150,350,000			1,073,250,000
Total short-term financial liabilities		1,018,972,000			2,496,726,000
Term Borrowings
Real estate investment trust-preferred		49,350,000			49,350,000
Term borrowings - new market tax credit investment		17,983,000			17,940,000
Borrowings secured by residential real estate		48,051,000			63,951,000
Other long term borrowings		1,411,226,000			1,357,728,000
Total long term borrowings		1,526,610,000			1,488,969,000
Derivative liabilities	[4]	109,815,000			138,336,000
Other noninterest-bearing liabilities
Fixed income payables		54,301,000			95,299,000
Accrued interest payable		16,382,000			23,218,000
Total other noninterest-bearing liabilities		70,683,000			118,517,000
Total liabilities		22,137,863,000			21,113,421,000
Loan commitments		2,761,000			2,079,000
Standby and other commitments		4,846,000			5,150,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		9,716,906,000			8,244,011,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		1,362,420,000			1,168,748,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		4,637,309,000			4,810,173,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		434,145,000			513,946,000
Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		333,921,000			332,924,000
Contractual Amount [Member]
Other noninterest-bearing liabilities
Loan commitments		7,507,315,000			7,227,433,000
Standby and other commitments		304,860,000			307,543,000
Fair Value Inputs Level1 [Member]
Short Term Financial Assets:
Securities available for sale		25,825,000			25,995,000
Other assets
Total other assets		32,640,000			29,979,000
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Short Term Financial Assets:
Total interest-bearing cash		344,944,000			255,920,000
Total federal funds sold		0			0
Securities purchased under agreements to resell		0			0
Total short-term financial assets		344,944,000			255,920,000
Trading securities	[4]	0			0
Loans held-for-sale	[4]	0			0
Securities available for sale	[4]	25,825,000	[5]		25,995,000	[6]
Securities held-to-maturity		0			0
Derivative assets	[4]	5,299,000			5,119,000
Other assets
Tax credit investments		0			0
Deferred compensation assets		27,341,000			24,860,000
Total other assets		27,341,000			24,860,000
Non Earning Assets [Abstract]
Cash and due from banks		274,256,000			417,108,000
Fixed income receivables		0			0
Accrued interest receivable		0			0
Total nonearning assets		274,256,000			417,108,000
Total assets		677,665,000			729,002,000
Deposits:
Defined maturity		0			0
Undefined maturity		0			0
Total deposits		0			0
Trading liabilities	[4]	0			0
Short Term Financial Liabilities
Federal funds purchased		0			0
Securities sold under agreements to repurchase		0			0
Other short-term borrowings		0			0
Total short-term financial liabilities		0			0
Term Borrowings
Real estate investment trust-preferred		0			0
Term borrowings - new market tax credit investment		0			0
Borrowings secured by residential real estate		0			0
Other long term borrowings		0			0
Total long term borrowings		0			0
Derivative liabilities	[4]	4,788,000			5,310,000
Other noninterest-bearing liabilities
Fixed income payables		0			0
Accrued interest payable		0			0
Total other noninterest-bearing liabilities		0			0
Total liabilities		4,788,000			5,310,000
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level2 [Member]
Short Term Financial Assets:
Securities available for sale		3,463,981,000			3,385,884,000
Other assets
Total other assets		109,931,000			156,948,000
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Short Term Financial Assets:
Total interest-bearing cash		0			0
Total federal funds sold		77,039,000			51,537,000
Securities purchased under agreements to resell		816,991,000			624,477,000
Total short-term financial assets		894,030,000			676,014,000
Trading securities	[4]	1,128,561,000			1,143,859,000
Loans held-for-sale	[4]	0			3,471,000
Securities available for sale	[4]	3,463,981,000	[5]		3,385,884,000	[6]
Securities held-to-maturity		0			0
Derivative assets	[4]	109,931,000			156,948,000
Other assets
Tax credit investments		0			0
Deferred compensation assets		0			0
Total other assets		0			0
Non Earning Assets [Abstract]
Cash and due from banks		0			0
Fixed income receivables		91,069,000			174,224,000
Accrued interest receivable		57,346,000			67,132,000
Total nonearning assets		148,415,000			241,356,000
Total assets		5,744,918,000			5,607,532,000
Deposits:
Defined maturity		1,173,899,000			1,319,686,000
Undefined maturity		17,505,320,000			14,845,068,000
Total deposits		18,679,219,000			16,164,754,000
Trading liabilities	[4]	732,564,000			706,119,000
Short Term Financial Liabilities
Federal funds purchased		556,862,000			947,946,000
Securities sold under agreements to repurchase		311,760,000			475,530,000
Other short-term borrowings		150,350,000			1,073,250,000
Total short-term financial liabilities		1,018,972,000			2,496,726,000
Term Borrowings
Real estate investment trust-preferred		0			0
Term borrowings - new market tax credit investment		0			0
Borrowings secured by residential real estate		0			0
Other long term borrowings		1,411,226,000			1,357,728,000
Total long term borrowings		1,411,226,000			1,357,728,000
Derivative liabilities	[4]	100,217,000			128,301,000
Other noninterest-bearing liabilities
Fixed income payables		54,301,000			95,299,000
Accrued interest payable		16,382,000			23,218,000
Total other noninterest-bearing liabilities		70,683,000			118,517,000
Total liabilities		22,012,881,000			20,972,145,000
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		0			0
Fair Value Inputs Level3 [Member]
Short Term Financial Assets:
Securities available for sale		3,060,000			5,861,000
Other assets
Total other assets		2,158,000			3,197,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		16,484,701,000			15,069,802,000
Short Term Financial Assets:
Total interest-bearing cash		0			0
Total federal funds sold		0			0
Securities purchased under agreements to resell		0			0
Total short-term financial assets		0			0
Trading securities	[4]	4,929,000			6,421,000
Loans held-for-sale	[4]	127,196,000			355,474,000
Securities available for sale	[4]	159,054,000	[5]		164,663,000	[6]
Securities held-to-maturity		5,356,000			5,556,000
Derivative assets	[4]	0			0
Other assets
Tax credit investments		60,619,000			70,306,000
Deferred compensation assets		0			0
Total other assets		60,619,000			70,306,000
Non Earning Assets [Abstract]
Cash and due from banks		0			0
Fixed income receivables		0			0
Accrued interest receivable		0			0
Total nonearning assets		0			0
Total assets		16,841,855,000			15,672,222,000
Deposits:
Defined maturity		0			0
Undefined maturity		0			0
Total deposits		0			0
Trading liabilities	[4]	0			0
Short Term Financial Liabilities
Federal funds purchased		0			0
Securities sold under agreements to repurchase		0			0
Other short-term borrowings		0			0
Total short-term financial liabilities		0			0
Term Borrowings
Real estate investment trust-preferred		49,350,000			49,350,000
Term borrowings - new market tax credit investment		17,983,000			17,940,000
Borrowings secured by residential real estate		48,051,000			63,951,000
Other long term borrowings		0			0
Total long term borrowings		115,384,000			131,241,000
Derivative liabilities	[4]	4,810,000			4,725,000
Other noninterest-bearing liabilities
Fixed income payables		0			0
Accrued interest payable		0			0
Total other noninterest-bearing liabilities		0			0
Total liabilities		120,194,000			135,966,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		9,716,906,000			8,244,011,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		1,362,420,000			1,168,748,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		4,637,309,000			4,810,173,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		434,145,000			513,946,000
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member]
Assets:
Total loans, net of unearned income and allowance for loan losses		333,921,000			332,924,000
FHLB-Cincinnati Stock [Member] | Fair Value Inputs Level3 [Member]
Other noninterest-bearing liabilities
Restricted Investments		87,900,000			87,900,000
FRB Stock [Member] | Fair Value Inputs Level3 [Member]
Other noninterest-bearing liabilities
Restricted Investments		$ 65,800,000			$ 66,000,000

[1] June 30, 2015 includes $20.2 million of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[3] Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

[4] Classes are detailed in the recurring and nonrecurring measurement tables.

[5] Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 6 5 . 8 million.

[6] Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million.

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Loans (Schedule Of Troubled Debt Restructurings Occurring During The Year) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($) number	Jun. 30, 2014 USD ($) number	Jun. 30, 2015 USD ($) number	Jun. 30, 2014 USD ($) number
General C I [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	2	2	2
Pre-Modification Outstanding Recorded Investment	$ 0	$ 736	$ 1,388	$ 736
Post-Modification Outstanding Recorded Investment	$ 0	$ 522	$ 1,325	$ 522
Commercial Financial And Industrial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	2	2	2
Pre-Modification Outstanding Recorded Investment	$ 0	$ 736	$ 1,388	$ 736
Post-Modification Outstanding Recorded Investment	$ 0	$ 522	$ 1,325	$ 522
Income C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number		2		2
Pre-Modification Outstanding Recorded Investment		$ 421		$ 421
Post-Modification Outstanding Recorded Investment		$ 421		$ 421
Residential C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number		1		1
Pre-Modification Outstanding Recorded Investment		$ 976		$ 976
Post-Modification Outstanding Recorded Investment		$ 960		$ 960
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number		3		3
Pre-Modification Outstanding Recorded Investment		$ 1,397		$ 1,397
Post-Modification Outstanding Recorded Investment		$ 1,381		$ 1,381
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Number | number	65	97	102	164
Pre-Modification Outstanding Recorded Investment	$ 7,237	$ 8,279	$ 10,964	$ 14,069
Post-Modification Outstanding Recorded Investment	$ 7,147	$ 8,557	$ 10,854	$ 14,325
R E Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number | number	22	45	38	117
Pre-Modification Outstanding Recorded Investment	$ 1,912	$ 3,132	$ 3,266	$ 8,275
Post-Modification Outstanding Recorded Investment	$ 1,916	$ 3,093	$ 3,293	$ 8,195
Consumer Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	87	142	140	281
Pre-Modification Outstanding Recorded Investment	$ 9,149	$ 11,411	$ 14,230	$ 22,344
Post-Modification Outstanding Recorded Investment	$ 9,063	$ 11,650	$ 14,147	$ 22,520
Permanent Mortgage Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	4	12	6	24
Pre-Modification Outstanding Recorded Investment	$ 1,718	$ 2,082	$ 2,039	$ 6,675
Post-Modification Outstanding Recorded Investment	$ 1,733	$ 2,080	$ 2,054	$ 6,167
Credit Card And Other Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	6	14	12	34
Pre-Modification Outstanding Recorded Investment	$ 20	$ 60	$ 48	$ 147
Post-Modification Outstanding Recorded Investment	$ 19	$ 57	$ 46	$ 142
Troubled Debt Restructurings [Member]
Financing Receivable, Modifications [Line Items]
Number | number	97	173	160	344
Pre-Modification Outstanding Recorded Investment	$ 10,887	$ 15,686	$ 17,705	$ 31,299
Post-Modification Outstanding Recorded Investment	$ 10,815	$ 15,690	$ 17,572	$ 30,732

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:
	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars and shares in thousands, except per share data)	2015		2014		2015		2014
Net income/(loss)	$	54,957	$	81,929	$	(17,448)	$	131,908
Net income attributable to noncontrolling interest		2,851		2,859		5,609		5,672
Net income/(loss) attributable to controlling interest		52,106		79,070		(23,057)		126,236
Preferred stock dividends		1,550		1,550		3,100		3,100
Net income/(loss) available to common shareholders	$	50,556	$	77,520	$	(26,157)	$	123,136
Weighted average common shares outstanding - basic		232,800		235,797		232,808		235,492
Effect of dilutive securities		1,869		1,453		-		1,833
Weighted average common shares outstanding - diluted		234,669		237,250		232,808		237,325
Net income/(loss) per share available to common shareholders	$	0.22	$	0.33	$	(0.11)	$	0.52
Diluted income/(loss) per share available to common shareholders	$	0.22	$	0.33	$	(0.11)	$	0.52
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

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Intangible Assets (Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Gross goodwill	$ 145,932,000	$ 141,943,000	$ 145,932,000	$ 141,943,000
Goodwill	145,932,000	141,943,000	145,932,000	141,943,000
Additions	0	0
Impairments	0	0
Divestitures	0	0
Net change in goodwill	0	0
Regional Banking [Member]
Goodwill [Line Items]
Gross goodwill	47,928,000	43,939,000	47,928,000	43,939,000
Goodwill	47,928,000	43,939,000	47,928,000	43,939,000
Additions	0	0
Impairments	0	0
Divestitures	0	0
Net change in goodwill	0	0
Fixed Income [Member]
Goodwill [Line Items]
Gross goodwill	98,004,000	98,004,000	98,004,000	98,004,000
Goodwill	98,004,000	98,004,000	$ 98,004,000	$ 98,004,000
Additions	0	0
Impairments	0	0
Divestitures	0	0
Net change in goodwill	$ 0	$ 0

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Business Segment Information

6 Months Ended

Jun. 30, 2015

Business Segment Information [Abstract]

Business Segment Information

Note 12 – Business Segment Information

FHN has four business segments: regional banking, fixed income (formerly capital markets), corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customersin Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally. The fixed income segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists ofunallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees (in periods subsequent to first quarter 2014 these amounts are significantly lower), and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges.

Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on an internal allocation method. Because the allocations are based on internally developed assignments and allocations, they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the three and six months ended June 30:

		Three Months Ended			Six Months Ended
		June 30			June 30
(Dollars in thousands)	2015		2014		2015		2014
Consolidated
Net interest income	$	166,640	$	156,768	$	323,506	$	309,127
Provision for loan losses		2,000		5,000		7,000		15,000
Noninterest income		130,301		126,901		259,990		272,631
Noninterest expense		218,394		163,162		594,615		381,206
Income/(loss) before income taxes		76,547		115,507		(18,119)		185,552
Provision/(benefit) for income taxes		21,590		33,578		(671)		53,644
Net income/(loss)	$	54,957	$	81,929	$	(17,448)	$	131,908
Average assets	$	25,414,048	$	23,647,298	$	25,528,689	$	23,778,347
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars in thousands)	2015		2014		2015		2014
Regional Banking
Net interest income	$	165,908	$	148,675	$	320,317	$	290,701
Provision/(provision credit) for loan losses		17,078		8,425		21,993		21,415
Noninterest income		65,989		66,227		126,193		126,219
Noninterest expense		144,203		132,996		279,983		265,539
Income/(loss) before income taxes		70,616		73,481		144,534		129,966
Provision/(benefit) for income taxes		24,996		26,070		51,377		46,153
Net income/(loss)	$	45,620	$	47,411	$	93,157	$	83,813
Average assets	$	15,023,869	$	13,053,129	$	14,628,188	$	12,835,470

Fixed Income
Net interest income	$	4,297	$	2,587	$	8,620	$	6,063
Noninterest income		56,001		47,564		117,566		104,323
Noninterest expense		51,214		116		105,897		52,714
Income/(loss) before income taxes		9,084		50,035		20,289		57,672
Provision/(benefit) for income taxes		3,171		19,143		7,338		21,986
Net income/(loss)	$	5,913	$	30,892	$	12,951	$	35,686
Average assets	$	2,416,132	$	2,074,593	$	2,431,118	$	2,056,581

Corporate
Net interest income/(expense)	$	(17,376)	$	(11,968)	$	(33,460)	$	(21,891)
Noninterest income		3,901		5,215		9,286		18,430
Noninterest expense		13,770		13,532		27,939		30,859
Income/(loss) before income taxes		(27,245)		(20,285)		(52,113)		(34,320)
Provision/(benefit) for income taxes		(15,882)		(16,369)		(27,522)		(26,997)
Net income/(loss)	$	(11,363)	$	(3,916)	$	(24,591)	$	(7,323)
Average assets	$	5,565,279	$	5,341,568	$	5,987,666	$	5,595,768

Non-Strategic
Net interest income	$	13,811	$	17,474	$	28,029	$	34,254
Provision/(provision credit) for loan losses		(15,078)		(3,425)		(14,993)		(6,415)
Noninterest income		4,410		7,895		6,945		23,659
Noninterest expense		9,207		16,518		180,796		32,094
Income/(loss) before income taxes		24,092		12,276		(130,829)		32,234
Provision/(benefit) for income taxes		9,305		4,734		(31,864)		12,502
Net income/(loss)	$	14,787	$	7,542	$	(98,965)	$	19,732
Average assets	$	2,408,768	$	3,178,008	$	2,481,717	$	3,290,528

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

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Contingencies And Other Disclosures (Tables)

6 Months Ended

Jun. 30, 2015

Commitments And Contingencies Disclosure Abstract

Schedule Of Original Purchase And Ending Balance Amount Of Investments Subject To Litigation

(Dollars in thousands)		Alt-A		Jumbo
Vintage
Original Purchase Price:
	2005	$	202,417	$	-
	2006		325,613		32,540
	2007		199,012		50,000
	Total	$	727,042	$	82,540
Ending Balance per the June 25, 2015, trust statements:
	2005	$	46,314	$	-
	2006		82,097		7,614
	2007		79,024		14,020
	Total	$	207,435	$	21,634

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Derivatives

6 Months Ended

Jun. 30, 2015

Derivatives [Abstract]

Derivatives

Note 14 – Derivatives

In the normal course of business, FHN utilizes various financial instruments (including derivative contracts and credit-related agreements) through its fixed income and risk management operations, as part of its risk management strategy and as a means to meet customers’ needs. Derivative instruments are subject to credit and market risks in excess of the amount recorded on the balance sheet as required by GAAP. The contractual or notional amounts of these financial instruments do not necessarily represent credit or market risk. However, they can be used to measure the extent of involvement in various types of financial instruments. Controls and monitoring procedures for these instruments have been established and are routinely reevaluated. The Asset/Liability Committee (“ALCO”) controls, coordinates, and monitors the usage and effectiveness of these financial instruments.

Credit risk represents the potential loss that may occur if a party to a transaction fails to perform according to the terms of the contract. The measure of credit exposure is the replacement cost of contracts with a positive fair value. FHN manages credit risk by entering into financial instrument transactions through national exchanges, primary dealers or approved counterparties, and by using mutual margining and master netting agreements whenever possible to limit potential exposure. FHN also maintains collateral posting requirements with certain counterparties to limit credit risk. On June 30, 2015 and 2014, respectively, FHN had $80.6 million and $101.6 million of cash receivables and $41.1 million and $71.3 million of cash payables related to collateral posting under master netting arrangements, inclusive of collateral posted related to contracts with adjustable collateral posting thresholds and over collateralized positions, with derivative counterparties. With exchange-traded contracts, the credit risk is limited to the clearinghouse used. For non-exchange traded instruments, credit risk may occur when there is a gain in the fair value of the financial instrument and the counterparty fails to perform according to the terms of the contract and/or when the collateral proves to be of insufficient value. See additional discussion regarding master netting agreements and collateral posting requirements later in this note under the heading “Master Netting and Similar Agreements.” Market risk represents the potential loss due to the decrease in the value of a financial instrument caused primarily by changes in interest rates or the prices of debt instruments. FHN manages market risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. FHN continually measures this risk through the use of models that measure value-at-risk and earnings-at-risk.

Derivative Instruments. FHN enters into various derivative contracts both in a dealer capacity, to facilitate customer transactions, and as a risk management tool. Where contracts have been created for customers, FHN enters into transactions with dealers to offset its risk exposure. Contracts with dealers that require central clearing are novated to a clearing agent who becomes FHN's counterparty. Derivatives are also used as a risk management tool to hedge FHN’s exposure to changes in interest rates or other defined market risks.

Forward contracts are over-the-counter contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Futures contracts are exchange-traded contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Interest rate option contracts give the purchaser the right, but not the obligation, to buy or sell a specified quantity of a financial instrument, at a specified price, during a specified period of time. Caps and floors are options that are linked to a notional principal amount and an underlying indexed interest rate. Interest rate swaps involve the exchange of interest payments at specified intervals between two parties without the exchange of any underlying principal. Swaptions are options on interest rate swaps that give the purchaser the right, but not the obligation, to enter into an interest rate swap agreement during a specified period of time.

Fixed Income

FHN’s fixed incomesegment trades U.S. Treasury, U.S. Agency, mortgage-backed, corporate and municipal fixed income securities, and other securities for distribution to customers. When these securities settle on a delayed basis, they are considered forward contracts. Fixed income also enters into interest rate contracts, including caps, swaps, and floors, for its customers. In addition, fixed income enters into futures and option contracts to economically hedge interest rate risk associated with a portion of its securities inventory. These transactions are measured at fair value, with changes in fair value recognized currently in fixed income noninterest income. Related assets and liabilities are recorded on the Consolidated Condensed Statements of Condition as Derivative assets and Derivative liabilities. The FTN Financial Risk Committee and the Credit Risk Management Committee collaborate to mitigate credit risk related to these transactions. Credit risk is controlled through credit approvals, risk control limits, and ongoing monitoring procedures. Total trading revenues were $100.2 million and $90.1 million for the six months endedJune 30, 2015 and 2014, respectively, and $46.7 million and $40.5 million for the three months ended June 30, 2015 and 2014, respectively. Total revenues are inclusive of both derivative and non-derivative financial instruments, and are included in fixed income noninterest income.

The following tables summarize FHN’s derivatives associated with fixed income trading activities as of June 30, 2015 and 2014:
	June 30, 2015
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,640,844		$	66,078		$	3,285
Offsetting Upstream Interest Rate Contracts		1,640,844			3,285			66,078
Option Contracts Purchased		15,000			55			-
Forwards and Futures Purchased		2,297,489			2,773			2,174
Forwards and Futures Sold		2,531,248			2,526			2,614

	June 30, 2014
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,760,032		$	80,710		$	4,948
Offsetting Upstream Interest Rate Contracts		1,760,032			4,948			80,710
Option Contracts Purchased		17,500			29			-
Option Contracts Written		5,000			-			4
Forwards and Futures Purchased		2,378,633			4,571			330
Forwards and Futures Sold		2,487,732			548			4,980

Interest Rate Risk Management

FHN’s ALCO focuses on managing market risk by controlling and limiting earnings volatility attributable to changes in interest rates. Interest rate risk exists to the extent that interest-earning assets and interest-bearing liabilities have different maturity or repricing characteristics. FHN uses derivatives, including swaps, caps, options, and collars, that are designed to moderate the impact on earnings as interest rates change. Interest paid or received for swaps utilized by FHN to hedge the fair value of long term debt is recognized as an adjustment of the interest expense of the liabilities whose risk is being managed. FHN’s interest rate risk management policy is to use derivatives to hedge interest rate risk or market value of assets or liabilities, not to speculate. In addition, FHN has entered into certain interest rate swaps and caps as a part of a product offering to commercial customers that includes customer derivatives paired with upstream offsetting market instruments that, when completed, are designed to mitigate interest rate risk. These contracts do not qualify for hedge accounting and are measured at fair value with gains or losses included in current earnings in Noninterest expense on the Consolidated Condensed Statements of Income.

FHN has entered into pay floating, receive fixed interest rate swaps to hedge the interest rate risk of certain term borrowings totaling $250.0million and $554.0 million on June 30, 2015 and 2014, respectively. These swaps have been accounted for as fair value hedges under the shortcut method. The balance sheet amount of these swaps was $9.1 million and $28.1 million in Derivative assets on June 30, 2015 and 2014, respectively. $304.0 million of these borrowings matured in January 2015.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on its $500 million noncallable senior debt maturing in December 2015. This derivative qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk on this debt. The balance sheet amount of this swap was $4.5 million and $14.0 million in Derivative assets as of June 30, 2015 and2014, respectively. There was no ineffectiveness related to this hedge.

FHN designates derivative transactions in hedging strategies to manage interest rate risk on subordinated debt related to its trust preferred securities. These qualify for hedge accounting under ASC 815-20 using the long-haul method. FHN hedges the interest rate risk of the subordinated debt totaling $200 million using a pay floating, receive fixed interest rate swap. The balance sheet amount of this swap was $5.1 million and $12.1 million in Derivative liabilities as of June 30, 2015 and 2014, respectively. There was no ineffectiveness related to this hedge.

FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on $400.0 million of senior debt issued by FTBNA which matures in December 2019. This qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk of the senior debt in November 2014. The balance sheet impact of this swap was $2.3 million in Derivative assets as of June 30, 2015. There was an insignificant level of ineffectiveness related to this hedge.

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the three and six months ended June 30, 2015 and 2014:
										Gains/(Losses)
										Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2015				June 30, 2015
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	744,167		$	24,148	$	409			$	(6,158)			$	(1,915)
	Offsetting Upstream Interest Rate Contracts (a)		744,167			409		24,648				6,158				1,915
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,350,000		$	15,954	$	5,131			$	(10,810)			$	(9,840)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,350,000	(c)		$	10,735	(d)		$	9,812	(d)

										Gains/(Losses)
										Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2014				June 30, 2014
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	759,266		$	28,143	$	997			$	2,714			$	2,069
	Offsetting Upstream Interest Rate Contracts (a)		775,204			997		28,643				(2,714)				(2,069)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,254,000		$	42,121	$	12,095			$	(3,628)			$	(3,239)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,254,000	(c)		$	3,628	(d)		$	3,239	(d)

• Gains/losses included in the All other expense section of the Consolidated Condensed Statements of Income.
• Gains/losses included in the All other income and commissions section of the Consolidated Condensed 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.

FHN hedges held-to-maturity trust preferred loans which have an initial fixed rate term before conversion to a floating rate. FHN has entered into pay fixed, receive floating interest rate swaps to hedge the interest rate risk associated with this initial term. Interest paid or received for these swaps is recognized as an adjustment of the interest income of the assets whose risk is being hedged. Basis adjustments remaining at the end of the hedge term are being amortized as an adjustment to interest income over the remaining life of the loans. Gains or losses are included in Other income and commissions on the Consolidated Condensed Statements of Income.

The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the three and six months ended June 30, 2015 and 2014:
												Gains/(Losses)
												Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities			June 30, 2015				June 30, 2015
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500			N/A			$	640		$	63			$	104
Hedged Items:
	Trust Preferred Loans (a)			N/A		$	6,500	(b)			N/A		$	(62)	(c)		$	(103)	(c)

												Gains/(Losses)
												Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities			June 30, 2014				June 30, 2014
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500			N/A			$	900		$	42			$	105
Hedged Items:
	Trust Preferred Loans (a)			N/A		$	6,500	(b)			N/A		$	(41)	(c)		$	(104)	(c)

• Assets included in the Loans, net of unearned income section of the Consolidated Condensed 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.

Other Derivatives

In conjunction with the sales of a portion of its Visa Class B shares, FHN and the purchaser entered into derivative transactions whereby FHN will make or receive cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. As of June 30, 2015, the derivative liabilities associated with the sales of Visa Class B shares were $4.8 million compared to $4.7 million as of June 30, 2014. See the Visa Matters section ofNote 10 – Contingencies and Other Disclosures for more information regarding FHN’s Visa shares.

FHN utilizes cross currency swaps and cross currency interest rate swaps to economically hedge its exposure to foreign currency risk and interest rate risk associated with non-U.S. dollar denominated loans. As of June 30, 2015 and 2014, these loans were valued at $3.5 million and $.8 million, respectively. The balance sheet amount and the gains/losses associated with these derivatives were not significant.

Master Netting and Similar Agreements

As previously discussed, FHN uses master netting agreements, mutual margining agreements and collateral posting requirements to minimize credit risk on derivative contracts. Master netting and similar agreements are used when counterparties have multiple derivatives contracts that allow for a “right of setoff,” meaning that a counterparty may net offsetting positions and collateral with the same counterparty under the contract to determine a net receivable or payable. The following discussion provides an overview of these arrangements which may vary due to the derivative type and market in which a derivative transaction is executed.

Interest rate derivatives are subject to agreements consistent with standard agreement forms of the International Swap and Derivatives Association (“ISDA”).Currently, all interest rate derivative contracts are entered into as over-the-counter transactions and collateral posting requirements are based on the net asset or liability position with each respective counterparty. For contracts that require central clearing, novation to a counterparty with access to a clearinghouse occurs and collateral is posted. Cash collateral received (posted) for interest rate derivatives is recognized as a liability (asset) on FHN’s balance sheet.

Interest rate derivatives with customers that are smaller financial institutions typically require posting of collateral by the counterparty to FHN. This collateral is subject to a threshold with daily adjustments based upon changes in the level or fair value of the derivative position. Positions and related collateral can be netted in the event of default. Collateral pledged by a counterparty is typically cash or securities. The securities pledged as collateral are not recognized within FHN's Consolidated Condensed Statements of Condition. Interest rate derivatives associated with lending arrangements share the collateral with the related loan(s). The derivative and loan positions may be netted in the event of default.For disclosure purposes, the entire collateral amount is allocated to the loan.

Interest rate derivatives with larger financial institutions entered into prior to required central clearing typically contain provisions whereby the collateral posting thresholds under the agreements adjust based on the credit ratings of both counterparties. If the credit rating of FHN and/or FTBNA is lowered, FHN could be required to post additional collateral with the counterparties. Conversely, if the credit rating of FHN and/or FTBNA is increased, FHN could have collateral released and be required to post less collateral in the future. Also, if a counterparty's credit ratings were to decrease, FHN and/or FTBNA could require the posting of additional collateral; whereas if a counterparty's credit ratings were to increase, the counterparty could require the release of excess collateral. Collateral for these arrangements is adjusted daily based on changes in the net fair value position with each counterparty.

The net fair value, determined by individual counterparty, of all derivative instruments with adjustable collateral posting thresholds was $72.5million of assets and $71.6million of liabilities on June 30,2015, and $116.8 million of assets and $91.6million of liabilities on June 30, 2014. As of June 30, 2015 and 2014, FHN had received collateral of $144.2 million and $190.6 million and posted collateral of $71.9 million and $92.3 million, respectively, in the normal course of business related to these agreements.

Certain agreements entered into prior to required central clearing also contain accelerated termination provisions, inclusive of the right of offset, if a counterparty’s credit rating falls below a specified level. If a counterparty's debt rating (including FHN's and FTBNA’s) were to fall below these minimums, these provisions would be triggered, and the counterparties could terminate the agreements and require immediate settlement of all derivative contracts under the agreements. The net fair value, determined by individual counterparty, of all derivative instruments with credit-risk-related contingent accelerated termination provisions was $72.5 million of assets and $17.0 million of liabilities on June 30, 2015, and $116.8 million of assets and $23.2 million of liabilities on June 30, 2014. As of June 30, 2015 and 2014, FHN had received collateral of $144.2 million and $190.6 million and posted collateral of $23.3 million and $28.8 million, respectively, in the normal course of business related to these contracts.

Fixed income buys and sells various types of securities for its customers. When these securities settle on a delayed basis, they areconsidered forward contracts, and are generally not subject to master netting agreements. For futures and options, FHN transacts through a third party, and the transactions are subject to margin and collateral maintenance requirements.In the event of default, open positions can be offset along with the associated collateral.

For this disclosure, FHN considers the impact of master netting and other similar agreements which allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net derivative asset or liability position with the related securities and cash collateral. The application of the collateral cannot reduce the net derivative asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of June 30:
								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Derivative
	Gross amounts		offset in the		assets presented		liabilities
	of recognized		Statement of		in the Statement		available for		Collateral
(Dollars in thousands)	assets		Condition		of Condition (a)		offset		Received		Net amount
Derivative assets:
2015 (b)	$	109,874	$	-	$	109,874	$	(15,750)	$	(93,656)	$	468
2014 (b)		156,919		-		156,919		(26,475)		(129,064)		1,380

• Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $5.4 million and $5.1 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.
• 2015 and 2014are comprised entirely of interest rate derivative contracts.

The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of June 30:
									Gross amounts not offset in the
									Statement of Condition
			Gross amounts			Net amounts of
	Gross amounts		offset in the		liabilities presented			Derivative
	of recognized		Statement of			in the Statement		assets available		Collateral
(Dollars in thousands)	liabilities		Condition			of Condition (a)		for offset		pledged		Net amount
Derivative liabilities:
2015 (b)	$	100,191	$	-		$	100,191	$	(15,750)	$	(68,775)	$	15,666
2014 (b)		128,293		-			128,293		(26,475)		(88,935)		12,883

• Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $9.6 million and $10.0 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.
• 2015and 2014 are comprised entirely of interest rate derivative contracts.

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Earnings Per Share (Narrative) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of dilutive securities	1,869,000	1,453,000	0	1,833,000
Employee Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options, weighted average exercise price	$ 24.26	$ 21.17	$ 17.17	$ 24.26
Shares excluded from computation of earnings per share	3,600,000	5,600,000	7,800,000	4,800,000
Other Equity Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of earnings per share			2,200,000

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Consolidated Statements Of Equity - USD ($)	Total		Noncontrolling Interest	Controlling Interest
Balance, at Dec. 31, 2013	$ 2,488,377,000		$ 295,431,000	$ 2,192,946,000
Net income/(loss)	131,908,000		5,672,000	126,236,000
Other comprehensive income/(loss)	27,898,000	[1]	0	27,898,000	[1]
Comprehensive income/(loss)	159,806,000		5,672,000	154,134,000
Cash dividends declared:
Preferred stock ($3,100 per share for the six months ended June 30, 2015 and 2014)	(3,100,000)		0	(3,100,000)
Common stock ($.12 and $.10 per share for the six months ended June 30, 2015 and 2014, respectively)	(23,875,000)		0	(23,875,000)
Common stock repurchased	(4,871,000)		0	(4,871,000)
Common stock issued for:
Stock options and restricted stock-equity awards	620,000		0	620,000
Stock-based compensation expense	5,687,000		0	5,687,000
Dividends declared-noncontrolling interest of subsidiary preferred stock	(5,672,000)		(5,672,000)	0
Tax benefit (benefit reversals)-stock-based compensation expense	(1,705,000)		0	(1,705,000)
Other changes in equity	8,000		0	8,000
Balance, at Jun. 30, 2014	2,615,275,000		295,431,000	2,319,844,000
Balance, at Dec. 31, 2014	2,581,590,000		295,431,000	2,286,159,000
Net income/(loss)	(17,448,000)		5,609,000	(23,057,000)
Other comprehensive income/(loss)	(2,000)	[1]	0	(2,000)	[1]
Comprehensive income/(loss)	(17,450,000)		5,609,000	(23,059,000)
Cash dividends declared:
Preferred stock ($3,100 per share for the six months ended June 30, 2015 and 2014)	(3,100,000)		0	(3,100,000)
Common stock ($.12 and $.10 per share for the six months ended June 30, 2015 and 2014, respectively)	(28,305,000)		0	(28,305,000)
Common stock repurchased	(20,031,000)	[2]	0	(20,031,000)	[2]
Common stock issued for:
Stock options and restricted stock-equity awards	4,427,000		0	4,427,000
Stock-based compensation expense	6,474,000		0	6,474,000
Dividends declared-noncontrolling interest of subsidiary preferred stock	(5,609,000)		(5,609,000)	0
Tax benefit (benefit reversals)-stock-based compensation expense	(91,000)		0	(91,000)
Other changes in equity	0		0	0
Balance, at Jun. 30, 2015	$ 2,517,905,000		$ 295,431,000	$ 2,222,474,000

[1] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.

[2] 2015 includes $ 15.8 million repurchased under t he share repurchase program launched in January 2014

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Consolidated Statements of Condition (Parenthetical) - USD ($)	Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Real Estate Acquired Through Foreclosure	$ 40,268,000	[1]	$ 39,922,000	$ 57,552,000
Common stock, par value	$ 0.625		$ 0.625	$ 0.625
Common stock, shares authorized	400,000,000		400,000,000	400,000,000
Common stock, shares issued	234,020,798		234,219,663	237,146,617
Preferred stock, no par value	$ 0		$ 0	$ 0
Preferred Stock Liquidation Preference Value	$ 100,000		$ 100,000	$ 100,000
Preferred stock, shares authorized	1,000		1,000	1,000
Preferred stock, shares issued	1,000		1,000	1,000
Residential Real Estate [Member]
Mortgage Loans In Process Of Foreclosure Amount	$ 28,300,000
Real Estate Acquired Through Foreclosure	18,700,000
Residential Real Estate [Member] | Loans Held For Sale [Member]
Mortgage Loans In Process Of Foreclosure Amount	$ 20,200,000

[1] June 30, 2015 includes $18.7 million of foreclosed residential real estate.

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Other Income And Other Expense

6 Months Ended

Jun. 30, 2015

Other Income And Other Expense [Abstract]

Other Income And Other Expense

Note 7 – Other Income and Other Expense

Following is detail of All other income and commissions and All other expense as presented in the Consolidated Condensed Statements of Income:
	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars in thousands)	2015		2014		2015		2014
All other income and commissions:
ATM interchange fees	$	3,025	$	2,746	$	5,786	$	5,243
Letter of credit fees		1,532		1,173		2,655		2,836
Electronic banking fees		1,459		1,535		2,887		3,069
Deferred compensation (a)		(35)		1,184		998		1,841
Gain/(loss) on extinguishment of debt		-		-		-		(4,350)
Other		6,421		2,597		9,546		5,490
Total	$	12,402	$	9,235	$	21,872	$	14,129
All other expense:
Other insurance and taxes	$	3,455	$	3,209	$	6,784	$	6,269
Travel and entertainment		2,632		2,645		4,246		4,469
Customer relations		1,505		1,680		2,819		2,923
Employee training and dues		1,449		1,200		2,581		2,066
Supplies		880		804		1,807		1,920
Miscellaneous loan costs		734		839		1,095		1,553
Tax credit investments		549		862		944		1,187
Litigation and regulatory matters		-		(38,200)		162,500		(38,110)
Other		9,307		8,902		17,730		18,147
Total	$	20,511	$	(18,059)	$	200,506	$	424

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1-Financial Information for addition information.

• Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense.

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Fair Value Of Assets And Liabilities (Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Mortgage Banking Noninterest Income | Loans Held-For-Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Changes in fair value included in net income	$ 248	$ 8,214	$ 1,390	$ 9,401

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Fair Value Of Assets And Liabilities (Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements) (Details) - USD ($)		6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014	Dec. 31, 2014
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair value of retained interests		$ 1,133,490,000		$ 1,150,280,000	$ 1,194,391,000
Loans held-for-sale		26,525,000		232,487,000
Other Liabilities, Fair Value Disclosure		109,815,000		138,336,000
Real estate acquired by foreclosure		40,268,000	[1]	57,552,000	$ 39,922,000
Other assets		144,729,000		190,124,000
Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair value of retained interests		4,924,000		6,416,000
Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Real estate acquired by foreclosure		18,700,000
Non Recurring
Fair Value Inputs Assets Quantitative Information [Line Items]
Real estate acquired by foreclosure	[2]	29,109,000		38,781,000
Other assets	[3]	28,265,000		29,622,000
Non Recurring | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		849,000		9,004,000
Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Other Liabilities, Fair Value Disclosure		4,836,000		4,729,000
Other assets		2,000
Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		26,525,000		232,487,000
Other Liabilities, Fair Value Disclosure		4,810,000		4,725,000
Other assets		2,158,000		3,197,000
Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair value of retained interests		4,924,000		6,416,000
Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		27,374,000		241,491,000
Level 3 | Non Recurring
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans, net of unearned income	[4]	38,913,000		53,652,000
Real estate acquired by foreclosure	[2]	29,109,000		38,781,000
Other assets	[3]	28,265,000		29,622,000
Level 3 | Non Recurring | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loans held-for-sale		849,000		9,004,000
Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Other Liabilities, Fair Value Disclosure		4,810,000		4,725,000
Other assets		0
Other Assets | Level 3 | Non Recurring
Fair Value Inputs Assets Quantitative Information [Line Items]
Other assets	[5]	$ 28,265,000		$ 29,622,000
Discounted Cash Flow | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Derivative Liabilities, Other | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Discounted Cash Flow | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Discounted cash flow		Discounted cash flow
Appraisals From Comparable Properties | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Appraisals from comparable properties		Appraisals from comparable properties
Appraisals From Comparable Properties | Real Estate Acquired By Foreclosure | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Appraisals from comparable properties		Appraisals from comparable properties
Appraisals From Comparable Properties | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Appraisals from comparable properties		Appraisals from comparable properties
Other Collateral Valuations | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques		Other collateral valuations		Other collateral valuations
Maximum | Discounted Cash Flow | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Visa covered litigation resolution amount		$ 5,500,000,000		$ 5,200,000,000
Maximum | Discounted Cash Flow | 42% - 43% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		43.00%
Maximum | Discounted Cash Flow | 43% - 47% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				47.00%
Maximum | Discounted Cash Flow | 5% - 56% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate		56.00%
Maximum | Discounted Cash Flow | 40% - 85% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate				85.00%
Maximum | Discounted Cash Flow | 2% - 20% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		20.00%
Maximum | Discounted Cash Flow | 6% - 10% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				10.00%
Maximum | Discounted Cash Flow | 5% - 15% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		15.00%		15.00%
Maximum | Discounted Cash Flow | 50% - 60% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Foreclosure losses		60.00%
Maximum | Discounted Cash Flow | 2% - 4% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Credit spreads				4.00%
Maximum | Discounted Cash Flow | 15% - 25% Added to Credit Spread | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Delinquency adjustment factor				25.00%
Maximum | Discounted Cash Flow | 10% - 70% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		70.00%
Maximum | Discounted Cash Flow | 50% - 60% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				60.00%
Maximum | Discounted Cash Flow | 35% - 100% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		100.00%
Maximum | Discounted Cash Flow | 50% - 100% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				100.00%
Maximum | Discounted Cash Flow | 5% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Draw rate		12.00%		12.00%
Maximum | Discounted Cash Flow | 5% - 25% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios		25.00%
Maximum | Discounted Cash Flow | 10% - 30% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios				30.00%
Maximum | Discounted Cash Flow | 6 Months To 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution		42 months
Maximum | Discounted Cash Flow | 12 Months to 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution				42 months
Maximum | Discounted Cash Flow | 0% - 15% Adjustment to Yield | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustments to current sales yields for specific properties		15.00%		15.00%
Maximum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		10.00%		10.00%
Maximum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Real Estate Acquired By Foreclosure | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustment for value changes since appraisal		10.00%		10.00%
Maximum | Appraisals From Comparable Properties | 0% - 25% Of Appraisal | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		25.00%		25.00%
Maximum | Other Collateral Valuations | 20% - 50% Of Gross Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Borrowing base certificates adjustment		50.00%		50.00%
Maximum | Other Collateral Valuations | 0% - 25% Of Reported Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Financial statements/auction values adjustment		25.00%		25.00%
Minimum | Discounted Cash Flow | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Visa covered litigation resolution amount		$ 4,500,000,000		$ 4,400,000,000
Minimum | Discounted Cash Flow | 42% - 43% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		42.00%
Minimum | Discounted Cash Flow | 43% - 47% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				43.00%
Minimum | Discounted Cash Flow | 5% - 56% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate		5.00%
Minimum | Discounted Cash Flow | 40% - 85% Values Utilized | Trading Securities | Level 3 | Mortgage Banking
Fair Value Inputs Assets Quantitative Information [Line Items]
Discount rate				40.00%
Minimum | Discounted Cash Flow | 2% - 20% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		2.00%
Minimum | Discounted Cash Flow | 6% - 10% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds				6.00%
Minimum | Discounted Cash Flow | 5% - 15% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Prepayment Speeds		5.00%		5.00%
Minimum | Discounted Cash Flow | 50% - 60% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Foreclosure losses		50.00%
Minimum | Discounted Cash Flow | 2% - 4% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Credit spreads				2.00%
Minimum | Discounted Cash Flow | 15% - 25% Added to Credit Spread | Loans Held-For-Sale | Level 3 | Residential Real Estate
Fair Value Inputs Assets Quantitative Information [Line Items]
Delinquency adjustment factor				15.00%
Minimum | Discounted Cash Flow | 10% - 70% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		10.00%
Minimum | Discounted Cash Flow | 50% - 60% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				50.00%
Minimum | Discounted Cash Flow | 35% - 100% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends		35.00%
Minimum | Discounted Cash Flow | 50% - 100% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Loss severity trends				50.00%
Minimum | Discounted Cash Flow | 5% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity
Fair Value Inputs Assets Quantitative Information [Line Items]
Draw rate		5.00%		5.00%
Minimum | Discounted Cash Flow | 5% - 25% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios		5.00%
Minimum | Discounted Cash Flow | 10% - 30% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Probability of resolution scenarios				10.00%
Minimum | Discounted Cash Flow | 6 Months To 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution		6 months
Minimum | Discounted Cash Flow | 12 Months to 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other
Fair Value Inputs Assets Quantitative Information [Line Items]
Time until resolution				12 months
Minimum | Discounted Cash Flow | 0% - 15% Adjustment to Yield | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustments to current sales yields for specific properties		0.00%		0.00%
Minimum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		0.00%		0.00%
Minimum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Real Estate Acquired By Foreclosure | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Adjustment for value changes since appraisal		0.00%		0.00%
Minimum | Appraisals From Comparable Properties | 0% - 25% Of Appraisal | Other Assets | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Marketability adjustments for specific properties		0.00%		0.00%
Minimum | Other Collateral Valuations | 20% - 50% Of Gross Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Borrowing base certificates adjustment		20.00%		20.00%
Minimum | Other Collateral Valuations | 0% - 25% Of Reported Value | Loans, Net Of Unearned Income | Level 3
Fair Value Inputs Assets Quantitative Information [Line Items]
Financial statements/auction values adjustment		0.00%		0.00%

[1] June 30, 2015 includes $18.7 million of foreclosed residential real estate.

[2] Represents the fair value an d 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.

[3] Represents tax credit investments accounted for u nder the equity method .

[4] Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses .

[5] Represents tax credit investments accounted for under the equity method .

XML

Document And Entity Information - Jun. 30, 2015 - shares	Total
Document And Entity Information [Abstract]
Entity Registrant Name	FIRST HORIZON NATIONAL CORP
Entity Central Index Key	0000036966
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	234,020,798
trading symbol	FHN

XML

Changes in Accumulated Other Comprehensive Income Balances

6 Months Ended

Jun. 30, 2015

Disclosure Text Block [Abstract]

Changes In Accumulated Other Comprehensive Income Balances

Note 8 – Changes in Accumulated Other Comprehensive Income Balances

The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2015:
(Dollars in thousands, unless otherwise noted)		Unrealized Gain/(Loss) On Securities Available-For-Sale		Pension and Post Retirement Plans		Total
Balance as of April 1, 2015		$	36,585	$	(205,744)	$	(169,159)
	Other comprehensive income before reclassifications, Net of tax benefit of $12.7 million for unrealized gain/(loss) on securities available-for-sale		(20,100)		-		(20,100)
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.6 million for pension and post retirement plans		-		1,011		1,011
Net current period other comprehensive income, Net of tax benefit of $12.7 million and tax expense of $.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			(20,100)		1,011		(19,089)
Balance as of June 30, 2015		$	16,485	$	(204,733)	$	(188,248)
Balance as of January 1, 2015		$	18,581	$	(206,827)	$	(188,246)
	Other comprehensive income before reclassifications, Net of tax benefit of $1.3 million for unrealized gain/(loss) on securities available-for-sale		(2,096)		-		(2,096)
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $1.3 million for pension and post retirement plans		-		2,094		2,094
Net current period other comprehensive income, Net of tax benefit of $1.3 million and tax expense of $1.3 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			(2,096)		2,094		(2)
Balance as of June 30, 2015		$	16,485	$	(204,733)	$	(188,248)

The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2014:
(Dollars in thousands, unless otherwise noted)		Unrealized Gain/(Loss) On Securities Available-For-Sale		Pension and Post Retirement Plans		Total
Balance as of April 1, 2014		$	(1,762)	$	(138,357)	$	(140,119)
	Other comprehensive income before reclassifications, Net of tax expense of $10.9 million for unrealized gain/(loss) on securities available-for-sale		17,358		-		17,358
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.4 million for pension and post retirement plans		-		650		650
Net current period other comprehensive income, Net of tax expense of $10.9 million and $.4 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			17,358		650		18,008
Balance as of June 30, 2014		$	15,596	$	(137,707)	$	(122,111)
Balance as of January 1, 2014		$	(11,241)	$	(138,768)	$	(150,009)
	Other comprehensive income before reclassifications, Net of tax expense of $16.8 million for unrealized gain/(loss) on securities available-for-sale		26,837		-		26,837
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.7 million for pension and post retirement plans		-		1,061		1,061
Net current period other comprehensive income, Net of tax expense of $16.8 million and $.7 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			26,837		1,061		27,898
Balance as of June 30, 2014		$	15,596	$	(137,707)	$	(122,111)

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Derivatives (Derivatives Associated With Interest Rate Risk Management Activities) (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Term borrowings		$ 1,557,647,000	$ 1,501,209,000	$ 1,557,647,000	$ 1,501,209,000	$ 1,880,105,000
Customer Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional		1,640,844,000	1,760,032,000	1,640,844,000	1,760,032,000
Assets		66,078,000	80,710,000	66,078,000	80,710,000
Liabilities		3,285,000	4,948,000	3,285,000	4,948,000
Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts Hedging [Member] | Hedging Instruments And Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	[1]	744,167,000	759,266,000	744,167,000	759,266,000
Assets	[1]	24,148,000	28,143,000	24,148,000	28,143,000
Liabilities	[1]	409,000	997,000	409,000	997,000
Gains/(Losses)	[1]	(6,158,000)	2,714,000	(1,915,000)	2,069,000
Offsetting Upstream Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional		1,640,844,000	1,760,032,000	1,640,844,000	1,760,032,000
Assets		3,285,000	4,948,000	3,285,000	4,948,000
Liabilities		66,078,000	80,710,000	66,078,000	80,710,000
Offsetting Upstream Interest Rate Contracts [Member] | Customer Interest Rate Contracts Hedging [Member] | Hedging Instruments And Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	[1]	744,167,000	775,204,000	744,167,000	775,204,000
Assets	[1]	409,000	997,000	409,000	997,000
Liabilities	[1]	24,648,000	28,643,000	24,648,000	28,643,000
Gains/(Losses)	[1]	6,158,000	(2,714,000)	1,915,000	(2,069,000)
Interest Rate Swap [Member] | Debt [Member] | Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional	[2]	1,350,000,000	1,254,000,000	1,350,000,000	1,254,000,000
Assets	[2]	15,954,000	42,121,000	15,954,000	42,121,000
Liabilities	[2]	5,131,000	12,095,000	5,131,000	12,095,000
Gains/(Losses)	[2]	(10,810,000)	(3,628,000)	(9,840,000)	(3,239,000)
Long Term Debt [Member] | Debt [Member] | Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Term borrowings	[2],[3]	1,350,000,000	1,254,000,000	1,350,000,000	1,254,000,000
Gains/(Losses) related to term borrowings	[2],[4]	$ 10,735,000	$ 3,628,000	$ 9,812,000	$ 3,239,000

[1] Gains/losses included in the All o ther expense section of the Consolidated Condensed Statements of Income.

[2] Gains/losses included in the All other income and commissions section of the Consolidated Condensed Statements of Income.

[3] Represents par value of term borrowings being hedged.

[4] Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

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Fair Value Of Assets And Liabilities (Nonrecurring Fair Value Measurements) (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014	Dec. 31, 2014
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		$ 26,525,000		$ 232,487,000	$ 26,525,000		$ 232,487,000
Loans, net of unearned income		16,936,772,000	[1]	15,795,709,000	16,936,772,000	[1]	15,795,709,000	$ 16,230,166,000
Real estate acquired by foreclosure		40,268,000	[2]	57,552,000	40,268,000	[2]	57,552,000	$ 39,922,000
Other assets		144,729,000		190,124,000	144,729,000		190,124,000
Net gains/(losses), Loans, net of unearned income	[3]	(641,000)		(469,000)	(2,182,000)		(677,000)
Net gains/(losses), Real estate acquired by foreclosure	[4]	(1,284,000)		(533,000)	(1,660,000)		(1,391,000)
Net gains/(losses), Other assets	[5]	(549,000)		(862,000)	(944,000)		(1,187,000)
Gain (loss) on financial assets measured on non-recurring basis		(2,474,000)		(1,856,000)	(4,748,000)		(3,222,000)
Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[3]	38,913,000		53,652,000	38,913,000		53,652,000
Real estate acquired by foreclosure	[4]	29,109,000		38,781,000	29,109,000		38,781,000
Other assets	[5]	28,265,000		29,622,000	28,265,000		29,622,000
Fair Value Inputs Level2 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0		0	0		0
Other assets		109,931,000		156,948,000	109,931,000		156,948,000
Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[3]	0		0	0		0
Real estate acquired by foreclosure	[4]	0		0	0		0
Other assets	[5]	0		0	0		0
Fair Value Inputs Level3 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		26,525,000		232,487,000	26,525,000		232,487,000
Other assets		2,158,000		3,197,000	2,158,000		3,197,000
Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[3]	38,913,000		53,652,000	38,913,000		53,652,000
Real estate acquired by foreclosure	[4]	29,109,000		38,781,000	29,109,000		38,781,000
Other assets	[5]	28,265,000		29,622,000	28,265,000		29,622,000
Fair Value Inputs Level1 [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0		0	0		0
Other assets		32,640,000		29,979,000	32,640,000		29,979,000
Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans, net of unearned income	[3]	0		0	0		0
Real estate acquired by foreclosure	[4]	0		0	0		0
Other assets	[5]	0		0	0		0
First Mortgage [Member]
Fair Value Of Assets And Liabilities [Line Items]
Net gains/(losses), Loans held for sale		0		7,000	38,000		(10,000)
First Mortgage [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		849,000		9,004,000	849,000		9,004,000
First Mortgage [Member] | Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		0		0	0		0
First Mortgage [Member] | Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		849,000		9,004,000	849,000		9,004,000
First Mortgage [Member] | Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale		$ 0		0	$ 0		0
Small Business Administrations [Member]
Fair Value Of Assets And Liabilities [Line Items]
Net gains/(losses), Loans held for sale				1,000			43,000
Small Business Administrations [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale				3,471,000			3,471,000
Small Business Administrations [Member] | Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale				3,471,000			3,471,000
Small Business Administrations [Member] | Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale				0			0
Small Business Administrations [Member] | Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member]
Fair Value Of Assets And Liabilities [Line Items]
Loans held-for-sale				$ 0			$ 0

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] June 30, 2015 includes $18.7 million of foreclosed residential real estate.

[3] 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.

[4] Represents the fair value an d 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.

[5] Represents tax credit investments accounted for u nder the equity method .

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Consolidated Statements Of Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Interest and fees on loans	$ 153,283,000	$ 142,710,000	$ 297,180,000	$ 281,367,000
Interest on investment securities available-for-sale	23,288,000	23,650,000	46,122,000	46,784,000
Interest on investment securities held-to-maturity	66,000	66,000	132,000	132,000
Interest on loans held-for-sale	1,350,000	3,209,000	2,841,000	6,424,000
Interest on trading securities	8,951,000	7,687,000	18,052,000	15,792,000
Interest on other earning assets	92,000	37,000	771,000	444,000
Total interest income	187,030,000	177,359,000	365,098,000	350,943,000
Interest on deposits:
Savings	2,970,000	2,792,000	6,277,000	5,875,000
Time deposits	1,324,000	2,486,000	2,756,000	5,548,000
Other interest-bearing deposits	1,104,000	746,000	2,061,000	1,564,000
Certificates of deposit $100,000 and more	830,000	869,000	1,712,000	1,892,000
Interest on trading liabilities	3,770,000	4,087,000	7,684,000	7,658,000
Interest on short-term borrowings	726,000	1,195,000	1,772,000	2,300,000
Interest on term borrowings	9,666,000	8,416,000	19,330,000	16,979,000
Total interest expense	20,390,000	20,591,000	41,592,000	41,816,000
Net interest income	166,640,000	156,768,000	323,506,000	309,127,000
Provision/(provision credit) for loan losses	2,000,000	5,000,000	7,000,000	15,000,000
Net interest income after provision for loan losses	164,640,000	151,768,000	316,506,000	294,127,000
Noninterest income:
Fixed income	56,241,000	47,680,000	117,860,000	104,520,000
Deposit transactions and cash management	28,430,000	27,911,000	54,981,000	54,367,000
Brokerage, management fees and commissions	12,456,000	12,843,000	23,855,000	25,119,000
Trust services and investment management	7,416,000	7,309,000	14,114,000	14,053,000
Bankcard income	5,884,000	7,919,000	11,070,000	12,439,000
Bank-owned life insurance	3,391,000	3,312,000	6,853,000	9,344,000
Other service charges	3,043,000	3,143,000	5,891,000	5,988,000
Insurance commissions	654,000	611,000	1,250,000	1,048,000
Mortgage banking	376,000	8,861,000	1,960,000	27,890,000
Equity securities gains/(losses), net	8,000	(1,923,000)	284,000	3,734,000
All other income and commissions (Note 7)	12,402,000	9,235,000	21,872,000	14,129,000
Total noninterest income	130,301,000	126,901,000	259,990,000	272,631,000
Adjusted gross income after provision for loan losses	294,941,000	278,669,000	576,496,000	566,758,000
Noninterest expense:
Employee compensation, incentives, and benefits (three and six months ended June 30, 2015 include $1.6 million and $3.4 million, respectively, and three and six months ended June 30, 2014 include $1.1 million and $1.7 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income)	127,970,000	119,659,000	259,414,000	238,888,000
Occupancy	11,764,000	11,944,000	23,982,000	29,536,000
Computer software	11,340,000	11,087,000	22,282,000	21,743,000
Operations services	10,033,000	8,804,000	19,370,000	17,786,000
Equipment rentals, depreciation, and maintenance	7,983,000	7,442,000	15,203,000	15,291,000
Professional fees	5,218,000	4,618,000	8,924,000	10,192,000
FDIC premium expense	4,952,000	1,136,000	8,400,000	5,127,000
Legal fees	4,509,000	1,533,000	8,060,000	10,998,000
Advertising and public relations	4,349,000	4,312,000	9,082,000	10,220,000
Communications and courier	3,801,000	3,948,000	7,677,000	8,172,000
Contract employment and outsourcing	3,337,000	5,318,000	7,921,000	9,643,000
Amortization of intangible assets	1,298,000	981,000	2,596,000	1,963,000
Foreclosed real estate	1,329,000	439,000	1,198,000	1,223,000
All other expense (Note 7)	20,511,000	(18,059,000)	200,506,000	424,000
Total noninterest expense	218,394,000	163,162,000	594,615,000	381,206,000
Income/(loss) before income taxes	76,547,000	115,507,000	(18,119,000)	185,552,000
Provision/(benefit) for income taxes (three and six months months ended June 30, 2015 include $.6 million and $1.3 million, respectively, and three and six months ended June 30, 2014 include $.4 million and $.7 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income)	21,590,000	33,578,000	(671,000)	53,644,000
Net income/(loss)	54,957,000	81,929,000	(17,448,000)	131,908,000
Net income attributable to noncontrolling interest	2,851,000	2,859,000	5,609,000	5,672,000
Net income/(loss) attributable to controlling interest	52,106,000	79,070,000	(23,057,000)	126,236,000
Preferred stock dividends	1,550,000	1,550,000	3,100,000	3,100,000
Net income/(loss) available to common shareholders	$ 50,556,000	$ 77,520,000	$ (26,157,000)	$ 123,136,000
Basic earnings/(loss) per share (Note 9)	$ 0.22	$ 0.33	$ (0.11)	$ 0.52
Diluted earnings/(loss) per share Note 9)	$ 0.22	$ 0.33	$ (0.11)	$ 0.52
Weighted average common shares (Note 9)	232,800,000	235,797,000	232,808,000	235,492,000
Diluted average common shares (Note 9)	234,669,000	237,250,000	232,808,000	237,325,000
Cash dividends declared per common share	$ 0.06	$ 0.05	$ 0.12	$ 0.1

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Acquisitions and Divestitures

6 Months Ended

Jun. 30, 2015

Acquisitions and Divestitures [Abstract]

Acquisitions and Divestitures

Note 2 – Acquisitions and Divestitures

On October 17, 2014, First Tennessee Bank National Association ("FTBNA") purchased thirteen bank branches in Middle and East Tennessee. The fair value of the acquired assets totaled $437.6 million, including $413.4 million in cash, $7.5 million in fixed assets, and $15.7 million of goodwill and intangible assets. FTBNA also assumed $437.2 million of deposits associated with these branches. FTBNA paid a deposit premium of 3.32 percent and acquired an immaterial amount of loans as part of the transaction. In relation to the branch acquisition FHN recorded $4.0 million in goodwill, representing the excess of the estimated fair value of liabilities assumed over the estimated fair value of the assets acquired ( refer to Note 6 – Intangible Assets for additional information), all of which is expected to be deductible for tax purposes. FHN’s operating results for 2015 and 2014 include the impact of branch activity subsequent to the October 17, 2014 closing date.

On October 21, 2014, FHN entered into an agreement with TrustAtlantic Financial Corporation (“TrustAtlantic Financial”) by which TrustAtlantic Financial will merge into a subsidiary of FHN. TrustAtlantic Financial owns all the capital stock of TrustAtlantic Bank. Trust Atlantic Financial and TrustAtlantic Bank are headquartered in Raleigh, North Carolina. TrustAtlantic Bank has five branches located in North Carolina in the communities of Raleigh, Cary and Greenville. On December 16, 2014 the parties entered into an amendment to the merger agreement. The transaction is expected to close in the second half of 2015, subject to regulatory approvals and other customary conditions to closing.

In addition to the transactions mentioned above, FHN acquires or divests assets from time to time in transactions that are consideredbusiness combinations or divestitures but are not material to FHN individually or in the aggregate.

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Financial Information

6 Months Ended

Jun. 30, 2015

Financial Information [Abstract]

Financial Information

Notes to the Consolidated Condensed Financial Statements (Unaudited)

Note 1 – Financial Information

Basis of Accounting. The unaudited interim consolidated condensed financial statements of First Horizon National Corporation (“FHN”),

including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results. In the opinion of management, all necessary adjustments have been made for a fair presentation of financial position and results of operations for the periods presented. These adjustments are of a normal recurring nature unless otherwise disclosed in this Quarterly Report on Form 10-Q. The operating results for the interim 2015 periods are not necessarily indicative of the results that may be expected going forward. For further information, refer to the audited consolidated financial statements which were included in the 2014 Annual Report to shareholders, and which were filed as part of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014.

Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense/(benefit). A reporting entity should evaluate whether the conditions have been met to apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014.

Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below.
					As of June 30				As of December 31
(Dollars in thousands, except per share amounts)					2014				2014		2013
Increase/(decrease) to previously reported Consolidated Statements of Condition amounts
	Other assets			$	(4,405)			$	(4,700)		(5,340)
	Other liabilities				6,471				4,678		7,034
	Undivided profits				(10,876)				(9,378)		(12,374)
			Three Months Ended		Six Months Ended		For the Year Ended
			June 30		June 30		December 31
			2014		2014		2014		2013		2012
Increase/(decrease) to previously reported Consolidated Statements of Income amounts
	Other expense	$	(2,170)	$	(4,340)	$	(8,680)	$	(10,082)	$	(14,177)
	Provision/(benefit) for income taxes		1,421		2,842		5,684		12,780		13,234
	Income/(loss) available to common shareholders		749		1,498		2,996		(2,698)		943
	Diluted earnings/(loss) per share		0.01		0.01		0.01		(0.01)		-

Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Condensed Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Condensed Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provision/(benefit) for income taxes on the Consolidated Condensed Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable.

In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity is required to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN adopted the requirements of ASU 2014-04 prospectively and this did not have a material effect on FHN’s statements of condition, results of operation or cash flows.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loan upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN adopted the requirements for ASU 2014-14 prospectively for transactions occurring after its effective date and this did not have a material effect on FHN’s statement of condition, results of operation or cash flows.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not execute repurchase-to maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. FHN revised its disclosures upon adoption of ASU 2014-11.

Accounting Changes Issued but Not Currently Effective

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The effective date of ASU 2014-09 has been deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application as of the original effective date of annual reporting periods beginning after December 15, 2016, and associated interim periods is permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2016 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis.” ASU 2015-02 revises current consolidation guidance to modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities. ASU 2015-02 also eliminates the presumption that a general partner should consolidate a limited partnership, revises the consolidation analysis for reporting entities that have fee arrangements and related party relationships with variable interest entities, and provides a scope exception for entities with interests in registered money market funds. ASU 2015-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. FHN has evaluated the provisions of ASU 2015-02 on its consolidation assessments and there will not be a significant effect upon adoption.

In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct reduction from the carrying value of that debt liability, consistent with debt discounts. ASU 2015-03 requires application on a retrospective basis, with prior periods revised to reflect the effects of adoption. ASU 2015-03 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Consistent with current requirements, FHN currently classifies debt issuance costs within Other assets in the Consolidated Condensed Statements of Condition. ASU 2015-03 will have no effect on the recognition of interest expense.

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Variable Interest Entities

6 Months Ended

Jun. 30, 2015

Variable Interest Entities [Abstract]

Variable Interest Entities

Note 13 – Variable Interest Entities

ASC 810 defines a VIE as an entity where the equity investors, as a group, lack either (1) the power through voting rights, or similar rights, to direct the activities of an entity that most significantly impact the entity’s economic performance, (2) the obligation to absorb the expected losses of the entity, (3) the right to receive the expected residual returns of the entity, or (4) sufficient equity at risk for the entity to finance its activities by itself. A variable interest is a contractual ownership, or other interest, that fluctuates with changes in the fair value of the VIE’s net assets exclusive of variable interests. Under ASC 810, as amended, a primary beneficiary is required to consolidate a VIE when it has a variable interest in a VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant.

Consolidated Variable Interest Entities

FHN holds variable interests in a proprietary residential mortgage securitization trust it established prior to 2008 as a source of liquidity for consumer lending operations. Based on its restrictive nature, the trust is considered a VIE as the holders of equity at risk do not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts’ economic performance. In situations where the retention of MSR and other retained interests, including residual interests, results in FHN potentially absorbing losses or receiving benefits that are significant to the trust, FHN is considered the primary beneficiary, as it is also assumed to have the power as servicer to most significantly impact the activities of the VIE. Consolidation of the trust results in the recognition of the trust proceeds as restricted borrowings since the cash flows on the securitized loans can only be used to settle the obligations due to the holders of the trust securities. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trust, the creditors of the trust hold no recourse to the assets of FHN.

The only trust included in the June 30, 2015 and June 30, 2014 balance of consolidated proprietary residential mortgage securitizations is a HELOC securitization trust that has entered a rapid amortization period and for which FHN is obligated to provide subordinated funding. During this period, cash payments from borrowers are accumulated to repay outstanding debt securities while FHN continues to make advances to borrowers when they draw on their lines of credit. FHN then transfers the newly generated receivables into the securitization trust and is reimbursed only after other parties in the securitization have received all of the cash flows to which they are entitled. If loan losses requiring draws on the related monoline insurers’ policies, which protect bondholders in the securitization, exceed a certain level, FHN may not receive reimbursement for all of the funds advanced to borrowers, as the senior bondholders and the monoline insurers typically have priority for repayment. This securitization trust is currently consolidated by FHN due to FHN's status as the Master Servicer for the securitization and the retention of a significant residual interest. Because the trust is consolidated, amounts funded from monoline insurance policies are considered as additional restricted term borrowings in FHN’s Consolidated Condensed Statements of Condition.

FHN has established certain rabbi trusts related to deferred compensation plans offered to its employees. FHN contributes employee cash compensation deferrals to the trusts and directs the underlying investments made by the trusts. The assets of these trusts are available to FHN’s creditors only in the event that FHN becomes insolvent. These trusts are considered VIEs as there is no equity at risk in the trusts since FHN provided the equity interest to its employees in exchange for services rendered. FHN is considered the primary beneficiary of the rabbi trusts as it has the power to direct the activities that most significantly impact the economic performance of the rabbi trusts through its ability to direct the underlying investments made by the trusts. Additionally, FHN could potentially receive benefits or absorb losses that are significant to the trusts due to its right to receive any asset values in excess of liability payoffs and its obligation to fund any liabilities to employees that are in excess of a rabbi trust’s assets.

The following table summarizes VIEs consolidated by FHN as of June 30, 2015 and 2014:
			June 30, 2015						June 30, 2014
			On-Balance Sheet Consumer Loan Securitization			Rabbi Trusts Used for Deferred Compensation Plans			On-Balance Sheet Consumer Loan Securitization			Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)			Carrying Value			Carrying Value			Carrying Value			Carrying Value
Assets:
Cash and due from banks				$	1,382			N/A		$	-			N/A
Loans, net of unearned income					66,444			N/A			84,381			N/A
	Less: Allowance for loan losses				214			N/A			725			N/A
		Total net loans			66,230			N/A			83,656			N/A
Other assets					184		$	69,077			410		$	66,360
Total assets				$	67,796		$	69,077		$	84,066		$	66,360
Liabilities:
Term borrowings				$	55,679			N/A		$	74,103			N/A
Other liabilities					3		$	51,861			4		$	50,816
Total liabilities				$	55,682		$	51,861		$	74,107		$	50,816

Nonconsolidated Variable Interest Entities

Low Income Housing Partnerships. First Tennessee Housing Corporation (“FTHC”), a wholly-owned subsidiary of FTBNA, makes equity investments as a limited partner in various partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (“LIHTC”) pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants generally within FHN’s primary geographic region. LIHTC partnerships are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the LIHTC partnerships as it has a risk of loss for its capital contributions and funding commitments to each partnership. The general partners are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the entities’ economic performance and the managing members are exposed to all losses beyond FTHC’s initial capital contributions and funding commitments.

LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not material for the three and six months ended June 30, 2015 and 2014. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Condensed Statements of Income for the three and six month periods ending June 30, 2015 and 2014 for LIHTC investments accounted for under the proportional amortization method.
		Three Months Ended				Six Months Ended
		June 30				June 30
(Dollars in thousands)		2015		2014		2015		2014
Provision/(benefit) for income taxes:
Amortization of qualifying LIHTC investments	$	2,180	$	2,470	$	4,360	$	4,940
Low income housing tax credits		(2,363)		(2,463)		(4,726)		(4,925)
Other tax benefits related to qualifying LIHTC investments		(755)		(1,864)		(1,599)		(3,719)

Other Tax Credit Investments. First Tennessee New Markets Corporation (“FTNMC”), a wholly-owned subsidiary of FTBNA, makes equity investments through wholly-owned subsidiaries as a non-managing member in various limited liability companies (“LLCs”) that sponsor community development projects utilizing the New Market Tax Credit (“NMTC”) pursuant to Section 45 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN’s community reinvestment initiatives. The activities of the LLCs include providing investment capital for low-income communities within FHN’s primary geographic region. A portion of the funding of FTNMC’s investment in a NMTC LLC is obtained via a loan from an unrelated third-party that is typically a community development enterprise. The NMTC LLCs are considered VIEs as FTNMC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. While FTNMC could absorb losses that are significant to the NMTC LLCs as it has a risk of loss for its initial capital contributions, the managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the NMTC LLCs’ economic performance and the managing members are exposed to all losses beyond FTNMC’s initial capital contributions.

FTHC also makes equity investments as a limited partner or non-managing member in entities that receive Historic Tax Credits pursuant to Section 47 of the Internal Revenue Code. The purpose of these entities is the rehabilitation of historic buildings with the tax credits provided to incent private investment in the historic cores of cities and towns. These entities are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the entities as it has a risk of loss for its capital contributions and funding commitments to each partnership. The managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the entities’ economic performance and the managing members are exposed to all losses beyond FTHC’s initial capital contributions and funding commitments.

Small Issuer Trust Preferred Holdings. FTBNA holds variable interests in trusts which have issued mandatorily redeemable preferred capital securities (“trust preferreds”) for smaller banking and insurance enterprises. FTBNA has no voting rights for the trusts’ activities. The trusts’ only assets are junior subordinated debentures of the issuing enterprises. The creditors of the trusts hold no recourse to the assets of FTBNA. These trusts meet the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. Based on the nature of the trusts’ activities and the size of FTBNA’s holdings, FTBNA could potentially receive benefits or absorb losses that are significant to the trusts regardless of whether a majority of a trust’s securities are held by FTBNA. However, since FTBNA is solely a holder of the trusts’ securities, it has no rights which would give it the power to direct the activities that most significantly impact the trusts’ economic performance and thus it is not considered the primary beneficiary of the trusts. FTBNA has no contractual requirements to provide financial support to the trusts.

On-Balance Sheet Trust Preferred Securitization. In 2007, FTBNA executed a securitization of certain small issuer trust preferreds for which the underlying trust meets the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FTBNA could potentially receive benefits or absorb losses that are significant to the trust based on the size and priority of the interests it retained in the securities issued by the trust. However, since FTBNA did not retain servicing or other decision making rights, FTBNA is not the primary beneficiary as it does not have the power to direct the activities that most significantly impact the trust’s economic performance. Accordingly, FTBNA has accounted for the funds received through the securitization as a term borrowing in its Consolidated Condensed Statements of Condition. FTBNA has no contractual requirements to provide financial support to the trust.

Proprietary Trust Preferred Issuances. FHN has previously issued junior subordinated debt to First Tennessee Capital II (“Capital II”). Capital II is considered a VIE as FHN’s capital contributions to this trust are not considered “at risk” in evaluating whether the holders of the equity investments at risk in the trust have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity’s economic performance. FHN is not the trust’s primary beneficiary as FHN’s capital contributions to the trust are not considered variable interests as they are not “at risk”. Consequently, Capital II is not consolidated by FHN. In late July, 2015 FHN called its junior subordinated debt with a redemption date of August 21, 2015, and as a result Capital II called its 6.30 percent Capital Securities, Series B, for redemption.

Proprietary Residential Mortgage Securitizations. FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Additionally, FHN has no contractual requirements to provide financial support to the trusts. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts’ economic performance. While FHN is assumed to have the power as servicer to most significantly impact the activities of such VIEs, in situations where FHN does not have the ability to participate in significant portions of a securitization trust’s cash flows FHN is not considered the primary beneficiary of the trust. Therefore, these trusts are not consolidated by FHN.

Agency Residential Mortgage Securitizations. Prior to third quarter 2008, FHN transferred first lien mortgages that were included in Agency-sponsored securitizations and retained MSR and in certain situations various other interests. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts held no recourse to the assets of FHN. Additionally, FHN had no contractual requirements to provide financial support to the trusts. The Agencies' or designated third parties' status as Master Servicer and the rights they hold consistent with their guarantees on the securities issued provide them with the power to direct the activities that most significantly impact the trusts’ economic performance. Thus, such trusts were not consolidated by FHN as it was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to the trusts.

Holdings & Short Positions in Agency Mortgage-Backed Securities. FHN holds securities issued by various Agency securitization trusts. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entities’ economic performance. FHN could potentially receive benefits or absorb losses that are significant to the trusts based on the nature of the trusts’ activities and the size of FHN’s holdings. However, FHN is solely a holder of the trusts’ securities and does not have the power to direct the activities that most significantly impact the trusts’ economic performance, and is not considered the primary beneficiary of the trusts. FHN has no contractual requirements to provide financial support to the trusts.

Commercial Loan Troubled Debt Restructurings. For certain troubled commercial loans, FTBNA restructures the terms of the borrower’s debt in an effort to increase the probability of receipt of amounts contractually due. Following a troubled debt restructuring, the borrower entity typically meets the definition of a VIE as the initial determination of whether an entity is a VIE must be reconsidered as events have proven that the entity’s equity is not sufficient to permit it to finance its activities without additional subordinated financial support or a restructuring of the terms of its financing. As FTBNA does not have the power to direct the activities that most significantly impact such troubled commercial borrowers’ operations, it is not considered the primary beneficiary even in situations where, based on the size of the financing provided, FTBNA is exposed to potentially significant benefits and losses of the borrowing entity. FTBNA has no contractual requirements to provide financial support to the borrowing entities beyond certain funding commitments established upon restructuring of the terms of the debt that allows for preparation of the underlying collateral for sale.

Managed Discretionary Trusts. FHN serves as manager over certain discretionary trusts for which it makes investment decisions on behalf of the trusts’ beneficiaries in return for a reasonable management fee. The trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power, through voting rights or similar rights, to direct the activities that most significantly impact the entities’ economic performance. The management fees FHN receives are not considered variable interests in the trusts as all of the requirements related to permitted levels of decision maker fees are met. Therefore, the VIEs are not consolidated by FHN as it is not the trusts’ primary beneficiary. FHN has no contractual requirements to provide financial support to the trusts.

The following table summarizes FHN’s nonconsolidated VIEs as of June 30, 2015:
	Maximum		Liability
(Dollars in thousands)	Loss Exposure		Recognized			Classification
Type
Low income housing partnerships	$	68,405		$	11,976	(a)
Other Tax Credit Investments (b) (c)		21,690			-	Other assets
Small issuer trust preferred holdings (d)		344,321			-	Loans, net of unearned income
On-balance sheet trust preferred securitization		50,506			63,686	(e)
Proprietary trust preferred issuances (f)		N/A			206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		24,664			-	(g)
Holdings of agency mortgage-backed securities (d)		3,929,684			-	(h)
Short positions in agency mortgage-backed securities (f)		N/A			1,486	Trading liabilities
Commercial loan troubled debt restructurings (i) (j)		36,047			-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A			N/A	N/A

• Maximum loss exposure represents $56.4 million of current investments and $12.0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $63.7 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $.6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $4.9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servicing advances of $19.1 million are classified as Other assets.
• Includes $473.8 million classified as Trading securities and $3.5 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $30.9 million of current receivables and $5.1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

The following table summarizes FHN's nonconsolidated VIEs as of June 30, 2014:
	Maximum		Liability
(Dollars in thousands)	Loss  Exposure		Recognized		Classification
Type
Low income housing partnerships	$	60,134	$	6,471	(a)
Other Tax Credit Investments (b) (c)		22,359		-	Other assets
Small issuer trust preferred holdings (d)		364,942		-	Loans, net of unearned income
On-balance sheet trust preferred securitization		52,682		61,491	(e)
Proprietary trust preferred issuances (f)		N/A		206,186	Term borrowings
Proprietary and agency residential mortgage securitizations		35,118		-	(g)
Holdings of agency mortgage-backed securities (d)		3,703,941		-	(h)
Short positions in agency mortgage-backed securities (f)		N/A		1,092	Trading liabilities
Commercial loan troubled debt restructurings (i) (j)		57,157		-	Loans, net of unearned income
Managed discretionary trusts (f)		N/A		N/A	N/A

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Financial Information for additional information.

• Maximum loss exposure represents $53.7 million of current investments and $6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016.
• A liability is not recognized as investments are written down over the life of the related tax credit.
• Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises.
• Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities.
• Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $61.5 million classified as Term borrowings.
• No exposure to loss due to the nature of FHN’s involvement.
• Includes $1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $6.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations. Aggregate servicing advances of $27.6 million are classified as Other assets.
• Includes $371.7 million classified as Trading securities and $3.3 billion classified as Securities available-for-sale.
• Maximum loss exposure represents $54.0 million of current receivables and $3.1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.
• A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations.

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Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Note 9 – Earnings Per Share

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:
	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars and shares in thousands, except per share data)	2015		2014		2015		2014
Net income/(loss)	$	54,957	$	81,929	$	(17,448)	$	131,908
Net income attributable to noncontrolling interest		2,851		2,859		5,609		5,672
Net income/(loss) attributable to controlling interest		52,106		79,070		(23,057)		126,236
Preferred stock dividends		1,550		1,550		3,100		3,100
Net income/(loss) available to common shareholders	$	50,556	$	77,520	$	(26,157)	$	123,136
Weighted average common shares outstanding - basic		232,800		235,797		232,808		235,492
Effect of dilutive securities		1,869		1,453		-		1,833
Weighted average common shares outstanding - diluted		234,669		237,250		232,808		237,325
Net income/(loss) per share available to common shareholders	$	0.22	$	0.33	$	(0.11)	$	0.52
Diluted income/(loss) per share available to common shareholders	$	0.22	$	0.33	$	(0.11)	$	0.52
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

For the three months ended June 30, 2015, the dilutive effect for all potential common shares was 1.9 million. For the six months ended June 30, 2015 all potential common shares wereantidilutive due to the net loss attributable to common shareholders. The dilutive effect for all potential common shares was 1.5 million and 1.8 million for the three and six months ended June 30, 2014, respectfully. Stock options of 3.6 million and 5.6 million with weighted average exercise prices of $24.26 and $21.17 per share for the three months ended June 30, 2015 and 2014, respectively, were excluded from diluted shares because including such shares would be antidilutive. Stock options of 7.8 million and 4.8 million with weighted average exercise prices of $17.17 and $24.26 per share for the six months ended June 30, 2015 and 2014, respectfully, were also excluded from diluted shares. Other equity awards of 2.2million for the six months ended June 30, 2015, were excluded from diluted shares because including such shares would have been antidilutive.

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Securities Purchased Under Agreements To Resell And Collateral Pledged By Counterparties (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Securities Purchased under Agreements to Resell [Abstract]
Gross amounts of recognized assets	$ 816,991,000		$ 624,477,000
Gross amounts offset in the Statement of Condition	0		0
Net amounts of assets presented in the Statement of Condition	816,991,000	$ 659,154,000	624,477,000
Offsetting securities sold under agreements to repurchase	(3,605,000)		(61,094,000)
Securities collateral (not recognized on FHN's Statement of Condition)	(805,178,000)		(555,665,000)
Net amount	$ 8,208,000		$ 7,718,000

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Allowance

6 Months Ended

Jun. 30, 2015

Loans And Leases Receivable Allowance [Abstract]

Allowance

Note 5 - Allowance for Loan Losses

The ALLLincludes the following components: reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail loans, both determined in accordance with ASC 450-20-50. The reserve factors applied to these pools are an estimate of probable incurred losses based on management’s evaluation of historical net losses from loans with similar characteristics and are subject to qualitative adjustments by management to reflect current events, trends, and conditions (including economic considerations and trends). The pace of the economic recovery, performance of the housing market, unemployment levels, labor participation rate, regulatory environment, regulatory guidance, and both positive and negative portfolio segment-specific trends, are examples of additional factors considered by management in determining the ALLL. Additionally, management considers the inherent uncertainty of quantitative models that are driven by historical loss data. Management evaluates the periods of historical losses that are the basis for the loss rates used in the quantitative models and selects historical loss periods that are believed to be the most reflective of losses inherent in the loan portfolio as of the balance sheet date. Management also periodically reviews analysis of the loss emergence period which is the amount of time it takes for a loss to be confirmed (initial charge-off) after a loss event has occurred. FHN performs extensive studies as it relates to the historical loss periods used in the model and the loss emergence period and model assumptions are adjusted accordingly. The ALLL also includes reserves determined in accordance with ASC 310-10-35 for loans determined by management to be individually impaired and an allowance associated with PCI loans. See Note 1 – Summary of Significant Accounting Policies and Note – 5 Allowance for Loan Losses in the Notes to Consolidated Financial Statements on Form 10-K for the year ended December 31, 2014, for additional information about the policies and methodologies used in the aforementioned components of the ALLL.

The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2015 and 2014:
				Commercial		Consumer		Permanent		Credit Card
(Dollars in thousands)		C&I		Real Estate		Real Estate		Mortgage		and Other			Total
Balance as of April 1, 2014		$	72,732	$	15,523	$	123,409	$	22,521	$	13,061	$	247,246
Charge-offs			(5,449)		(747)		(8,074)		(879)		(3,615)		(18,764)
Recoveries			1,517		1,732		5,470		694		733		10,146
Provision/(provision credit) for loan losses			(209)		(687)		(2,768)		1,391		7,273		5,000
Balance as of June 30, 2014			68,591		15,821		118,037		23,727		17,452		243,628
Balance as of January 1, 2014		$	86,446	$	10,603	$	126,785	$	22,491	$	7,484	$	253,809
Charge-offs			(11,256)		(1,374)		(20,338)		(3,097)		(7,391)		(43,456)
Recoveries			3,119		2,011		10,444		1,272		1,429		18,275
Provision/(provision credit) for loan losses			(9,718)		4,581		1,146		3,061		15,930		15,000
Balance as of June 30, 2014			68,591		15,821		118,037		23,727		17,452		243,628
Allowance - individually evaluated for impairment			4,075		1,308		43,925		19,323		266		68,897
Allowance - collectively evaluated for impairment			64,473		12,143		74,071		4,404		17,185		172,276
Allowance - purchase credit impaired loans			43		2,370		41		-		1		2,455
Loans, net of unearned as of June 30, 2014:
	Individually evaluated for impairment		51,404		22,857		176,885		119,466		524		371,136
	Collectively evaluated for impairment		8,344,652		1,173,348		5,041,270		474,535		347,893		15,381,698
	Purchased credit-impaired loans		6,780		35,308		775		-		12		42,875
Total loans, net of unearned		$	8,402,836	$	1,231,513	$	5,218,930	$	594,001	$	348,429	$	15,795,709
Balance as of April 1, 2015		$	67,652	$	17,665	$	109,245	$	20,186	$	13,580	$	228,328
Charge-offs			(4,976)		(888)		(6,903)		(809)		(5,858)		(19,434)
Recoveries			926		153		7,851		671		856		10,457
Provision/(provision credit) for loan losses			15,148		4,562		(24,736)		2,329		4,697		2,000
Balance as of June 30, 2015			78,750		21,492		85,457		22,377		13,275		221,351
Balance as of January 1, 2015		$	67,011	$	18,574	$	113,011	$	19,122	$	14,730	$	232,448
Charge-offs			(8,531)		(1,675)		(15,440)		(1,993)		(9,794)		(37,433)
Recoveries			2,879		844		12,575		1,289		1,749		19,336
Provision/(provision credit) for loan losses			17,391		3,749		(24,689)		3,959		6,590		7,000
Balance as of June 30, 2015			78,750		21,492		85,457		22,377		13,275		221,351
Allowance - individually evaluated for impairment			12,927		635		41,406		17,857		155		72,980
Allowance - collectively evaluated for impairment			65,646		18,743		43,558		4,520		13,120		145,587
Allowance - purchased credit-impaired loans			177		2,114		493		-		-		2,784
Loans, net of unearned as of June 30, 2015:
	Individually evaluated for impairment		55,736		12,493		172,097		107,157		418		347,901
	Collectively evaluated for impairment		9,771,780		1,365,846		4,695,754		380,522		345,118		16,559,020
	Purchased credit-impaired loans		5,047		22,376		2,420		-		8		29,851
Total loans, net of unearned		$	9,832,563	$	1,400,715	$	4,870,271	$	487,679	$	345,544	$	16,936,772

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Loans (Schedule Of Troubled Debt Restructurings Within The Previous 12 Months) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($) number	Jun. 30, 2014 USD ($) number	Jun. 30, 2015 USD ($) number	Jun. 30, 2014 USD ($) number
General C I [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	0	0	4
Recorded Investment	$ 0	$ 0	$ 0	$ 512,000
Income C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	0	0	2
Recorded Investment	$ 0	$ 0	$ 0	$ 389,000
Residential C R E [Member]
Financing Receivable, Modifications [Line Items]
Number | number	1	0	1	0
Recorded Investment	$ 896,000	$ 0	$ 896,000	$ 0
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Number | number	6	2	7	5
Recorded Investment	$ 278,000	$ 128,000	$ 308,000	$ 339,000
R E Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number | number	1	5	2	7
Recorded Investment	$ 26,000	$ 305,000	$ 112,000	$ 368,000
Commercial Financial And Industrial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	0	0	4
Recorded Investment	$ 0	$ 0	$ 0	$ 512,000
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	1	0	1	2
Recorded Investment	$ 896,000	$ 0	$ 896,000	$ 389,000
Consumer Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	7	7	9	12
Recorded Investment	$ 304,000	$ 433,000	$ 420,000	$ 707,000
Credit Card And Other Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	2	2	3	2
Recorded Investment	$ 5,000	$ 4,000	$ 8,000	$ 4,000
Troubled Debt Restructurings That Subsequently Defaulted [Member]
Financing Receivable, Modifications [Line Items]
Number | number	10	11	13	22
Recorded Investment	$ 1,205,000	$ 1,218,000	$ 1,324,000	$ 2,393,000
Permanent Mortgage Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number | number	0	2	0	2
Recorded Investment	$ 0	$ 781,000	$ 0	$ 781,000

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Investment Securities

6 Months Ended

Jun. 30, 2015

Investment Securities [Abstract]

Investment Securities

Note 3 – Investment Securities

The following tables summarize FHN’s investment securities on June 30, 2015 and 2014:
	June 30, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale ("AFS"):
U.S. treasuries	$	100	$	-	$	-	$	100
Government agency issued mortgage-backed securities ("MBS")		804,841		29,068		(3,269)		830,640
Government agency issued collateralized mortgage obligations ("CMO")		2,624,151		20,836		(19,701)		2,625,286
Other U.S. government agencies		1,539		21		-		1,560
States and municipalities		9,455		-		-		9,455
Equity and other (a)		182,059		-		(240)		181,819
Total securities available-for-sale (b)	$	3,622,145	$	49,925	$	(23,210)	$	3,648,860
Securities held-to-maturity ("HTM"):
States and municipalities	$	4,306	$	1,050	$	-	$	5,356
Total securities held-to-maturity	$	4,306	$	1,050	$	-	$	5,356

• Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $65.8 million. The remainder is money market and cost method investments.
• Includes $3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	June 30, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available-for-sale:
U.S. treasuries	$	39,995	$	4	$	-	$	39,999
Government agency issued MBS		724,785		39,679		(1,622)		762,842
Government agency issued CMO		2,582,242		21,211		(34,065)		2,569,388
Other U.S. government agencies		1,973		88		-		2,061
States and municipalities		15,155		-		-		15,155
Equity and other (a)		187,106		17		(26)		187,097
Total securities available-for-sale (b)	$	3,551,256	$	60,999	$	(35,713)	$	3,576,542
Securities held-to-maturity:
States and municipalities	$	4,279	$	1,277	$	-	$	5,556
Total securities held-to-maturity	$	4,279	$	1,277	$	-	$	5,556

• Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0million. The remainder is money market, venture capital, and cost method investments.
• Includes $3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity securities portfolios on June 30, 2015, are provided below:
		Held-to-Maturity				Available-for-Sale
		Amortized		Fair		Amortized		Fair
(Dollars in thousands)		Cost		Value		Cost		Value
Within 1 year		$	-	$	-	$	1,539	$	1,560
After 1 year; within 5 years			-		-		1,600		1,600
After 5 years; within 10 years			-		-		-		-
After 10 years			4,306		5,356		7,955		7,955
	Subtotal		4,306		5,356		11,094		11,115
Government agency issued MBS and CMO (a)			-		-		3,428,992		3,455,926
Equity and other			-		-		182,059		181,819
Total		$	4,306	$	5,356	$	3,622,145	$	3,648,860

• Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

The table below provides information on gross gains and gross losses from investment securities for the three and six months ended June 30:
	Three Months Ended				Six Months Ended
		June 30				June 30
(Dollars in thousands)	2015		2014		2015		2014
Gross gains on sales of securities	$	8	$	77	$	284	$	5,734
Gross losses on sales of securities		-		-		-		-
Net gain/(loss) on sales of securities (a)		8		77		284		5,734
Venture capital investments (b)		-		(2,000)		-		(2,000)
Total securities gain/(loss), net	$	8	$	(1,923)	$	284	$	3,734

• Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $.3 million. Proceeds for the six months ended June 30, 2014 were $5.7 million, inclusive of $1.4 million of equity securities.
• Includes write-offs and/or unrealized fair value adjustments related to venture capital investments.

The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of June 30, 2015 and 2014:
	As of June 30, 2015
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	845,534	$	(7,734)	$	450,079	$	(11,967)	$	1,295,613	$	(19,701)
Government agency issued MBS		233,521		(2,485)		33,582		(784)		267,103		(3,269)
Total debt securities		1,079,055		(10,219)		483,661		(12,751)		1,562,716		(22,970)
Equity		-		-		851		(240)		851		(240)
Total temporarily impaired securities	$	1,079,055	$	(10,219)	$	484,512	$	(12,991)	$	1,563,567	$	(23,210)

	As of June 30, 2014
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	437,212	$	(2,276)	$	1,004,964	$	(31,789)	$	1,442,176	$	(34,065)
Government agency issued MBS		34,041		(83)		108,491		(1,539)		142,532		(1,622)
Total debt securities		471,253		(2,359)		1,113,455		(33,328)		1,584,708		(35,687)
Equity		43		(26)		-		-		43		(26)
Total temporarily impaired securities	$	471,296	$	(2,385)	$	1,113,455	$	(33,328)	$	1,584,751	$	(35,713)

FHN has reviewed investment securities that were in unrealized loss positions in accordance with its accounting policy for other than temporary impairment (“OTTI”) and does not consider them other-than-temporarily impaired. For debt securities with unrealized losses, FHN does not intend to sell them and it is more-likely-than-not that FHN will not be required to sell them prior to recovery. The decline in value is primarily attributable to changes in interest rates and not credit losses. For equity securities, FHN has both the ability and intent to hold these securities for the time necessary to recover the amortized cost.

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Loans

6 Months Ended

Jun. 30, 2015

Loans [Abstract]

Loans

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of June 30, 2015 and 2014, and December, 31 2014:
		June 30				December 31
(Dollars in thousands)		2015		2014		2014
Commercial:
	Commercial, financial, and industrial	$	9,832,563	$	8,402,836	$	9,007,286
	Commercial real estate		1,400,715		1,231,513		1,277,717
Retail:
	Consumer real estate (a)		4,870,271		5,218,930		5,048,071
	Permanent mortgage		487,679		594,001		538,961
	Credit card & other		345,544		348,429		358,131
Loans, net of unearned income		$	16,936,772	$	15,795,709	$	16,230,166
Allowance for loan losses			221,351		243,628		232,448
Total net loans		$	16,715,421	$	15,552,081	$	15,997,718

(a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $66.4 million, $84.4 million, and $76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

COMPONENTS OF THE LOAN PORTFOLIO

The loan portfolio is disaggregated into segments and then further disaggregated into classes for certain disclosures. GAAP defines a portfolio segment as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. A class is generally determined based on the initial measurement attribute (i.e., amortized cost or purchased credit-impaired), risk characteristics of the loan, and FHN’s method for monitoring and assessing credit risk. Commercial loan portfolio segments include commercial, financial and industrial ("C&I") and commercial real estate("CRE"). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans ("TRUPS") (i.e. long-term unsecured loans to bank and insurance - related businesses) portfolio and PCI loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within CRE include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Retail classes include HELOC, real estate ("R/E") installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Concentrations

FHN has a concentration of residential real estate loans (32 percent of total loans), the majority of which is in the consumer real estate segment (29 percent of total loans). Loans to finance and insurance companies total $2.1 billion(21 percent of the C&I portfolio, or 12 percent of the total loans). FHN had loans to mortgage companies totaling $1.8 billion (18 percent of the C&I segment, or 11 percent of total loans) as ofJune 30, 2015. As a result, 39 percent of the C&I segment was sensitive to impacts on the financial services industry.

Purchased Credit Impaired Loans

The following table presents a rollforward of the accretable yield for the three and six months ended June 30, 2015 and 2014:
	Three Months Ended					Six Months Ended
		June 30				June 30
(Dollars in thousands)		2015		2014		2015		2014
Balance, beginning of period	$	10,468	$	15,828	$	14,714	$	13,490
Additions		-		224		-		335
Accretion		(1,576)		(1,927)		(4,948)		(3,584)
Adjustment for payoffs		(760)		(489)		(2,096)		(722)
Adjustment for charge-offs		-		(5)		-		(69)
Increase in accretable yield (a)		216		2,878		678		7,059
Balance, end of period	$	8,348	$	16,509	$	8,348	$	16,509

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

At June 30, 2015, the ALLL related to PCI loans was $2.8 million compared to $2.5 million at June 30, 2014. A loan loss provision credit of $.3 million was recognized during the three months ended June 30, 2015 as compared to a loan loss provision expense of $.6 million recognized during the three months ended June 30, 2014. A loan loss provision credit of $.6 million was recognized during the six months ended June 30, 2015 as compared to a loan loss provision expense of $1.7 million recognized during the six months ended June 30, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of June 30, 2015 and 2014, and December 31, 2014:
	June 30, 2015				June 30, 2014				December 31, 2014
(Dollars in thousands)	Carrying value		Unpaid balance		Carrying value		Unpaid balance		Carrying value		Unpaid balance
Commercial, financial and industrial	$	4,870	$	5,507	$	6,738	$	8,256	$	5,044	$	5,813
Commercial real estate		20,262		24,830		32,938		45,295		32,553		43,246
Consumer real estate		1,927		2,796		733		1,074		598		868
Credit card and other		9		11		11		16		10		14
Total	$	27,068	$	33,144	$	40,420	$	54,641	$	38,205	$	49,941

Impaired Loans
The following tables provide information at June 30, 2015 and 2014, 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, PCI loans and LOCOM have been excluded.
		June 30, 2015							Three Months Ended				Six Months Ended
									June 30, 2015				June 30, 2015
				Unpaid				Average		Interest		Average		Interest
		Recorded		Principal		Related		Recorded		Income		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	12,402	$	15,690	$	-	$	13,016	$	-	$	12,305	$	-
	Income CRE		4,187		11,262		-		4,198		-		5,283		-
	Residential CRE		-		-		-		-		-		287		-
	Total	$	16,589	$	26,952	$	-	$	17,214	$	-	$	17,875	$	-
Retail:
	HELOC (a)	$	12,577	$	30,604	$	-	$	12,588	$	-	$	12,788	$	-
	R/E installment loans (a)		4,959		6,211		-		4,739		-		4,704		-
	Permanent mortgage (a)		6,403		8,603		-		6,804		-		7,018		-
	Total	$	23,939	$	45,418	$	-	$	24,131	$	-	$	24,510	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	30,549	$	37,741	$	8,117	$	28,400	$	237	$	24,087	$	490
	TRUPS		13,399		13,700		4,810		13,414		-		13,429		-
	Income CRE		6,788		8,298		533		6,742		33		7,140		63
	Residential CRE		1,518		1,886		102		1,571		6		1,534		13
	Total	$	52,254	$	61,625	$	13,562	$	50,127	$	276	$	46,190	$	566
Retail:
	HELOC	$	87,292	$	89,454	$	21,967	$	86,197	$	461	$	85,417	$	909
	R/E installment loans		67,269		68,151		19,439		68,330		331		69,227		658
	Permanent mortgage		100,754		113,290		17,857		102,194		637		103,555		1,228
	Credit card & other		418		418		155		451		4		479		8
	Total	$	255,733	$	271,313	$	59,418	$	257,172	$	1,433	$	258,678	$	2,803
Total commercial		$	68,843	$	88,577	$	13,562	$	67,341	$	276	$	64,065	$	566
Total retail		$	279,672	$	316,731	$	59,418	$	281,303	$	1,433	$	283,188	$	2,803
Total impaired loans		$	348,515	$	405,308	$	72,980	$	348,644	$	1,709	$	347,253	$	3,369

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

		June 30, 2014							Three Months Ended				Six Months Ended
									June 30, 2014				June 30, 2014
				Unpaid				Average		Interest		Average		Interest
		Recorded		Principal		Related		Recorded		Income		Recorded		Income
(Dollars in thousands)		Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial:
	General C&I	$	15,489	$	17,280	$	-	$	14,809	$	-	$	17,594	$	-
	TRUPS		-		-		-		-		-		1,625		-
	Income CRE		6,838		14,397		-		7,669		-		8,090		-
	Residential CRE		1,148		1,827		-		574		-		287		-
	Total	$	23,475	$	33,504	$	-	$	23,052	$	-	$	27,596	$	-
Retail:
	HELOC (a)	$	17,390	$	38,216	$	-	$	16,771	$	-	$	16,629	$	-
	R/E installment loans (a)		7,464		10,009		-		8,932		-		9,818		-
	Permanent mortgage (a)		7,862		9,785		-		7,858		-		8,007		-
	Total	$	32,716	$	58,010	$	-	$	33,561	$	-	$	34,454	$	-
Impaired loans with related allowance recorded:
Commercial:
	General C&I	$	32,395	$	38,331	$	3,150	$	30,059	$	78	$	26,146	$	157
	TRUPS		3,520		3,700		925		8,535		-		16,057		-
	Income CRE		8,842		10,214		641		10,331		62		11,214		164
	Residential CRE		6,029		11,477		667		6,204		61		6,426		124
	Total	$	50,786	$	63,722	$	5,383	$	55,129	$	201	$	59,843	$	445
Retail:
	HELOC	$	77,283	$	78,492	$	17,475	$	75,285	$	457	$	73,539	$	891
	R/E installment loans		74,748		75,634		26,450		74,243		297		73,629		566
	Permanent mortgage		111,604		125,012		19,323		112,796		706		113,145		1,429
	Credit card & other		524		524		266		648		5		653		16
	Total	$	264,159	$	279,662	$	63,514	$	262,972	$	1,465	$	260,966	$	2,902
Total commercial		$	74,261	$	97,226	$	5,383	$	78,181	$	201	$	87,439	$	445
Total retail		$	296,875	$	337,672	$	63,514	$	296,533	$	1,465	$	295,420	$	2,902
Total impaired loans		$	371,136	$	434,898	$	68,897	$	374,714	$	1,666	$	382,859	$	3,347

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

Asset Quality Indicators

FHN employs a dual grade commercial risk grading methodology to assign an estimate for theprobability of default ("PD") and the loss given default ("LGD") for each commercial loan using factors specific to various industry, portfolio, or product segments that result in a rank ordering of risk and the assignment of grades PD 1 to PD 16. Each PD grade corresponds to an estimated one-year default probability percentage; a PD 1 has the lowest expected default probability, and probabilities increase as grades progress down the scale. PD 1 through PD 12 are “pass” grades. PD grades 13-16 correspond to the regulatory-defined categories of special mention (13), substandard (14), doubtful (15), and loss (16). Pass loan grades are required to be reassessed annually or earlier whenever there has been a material change in the financial condition of the borrower or risk characteristics of the relationship. All commercial loans over $1 million and certain commercial loans over $500,000 that are graded 13 or worse are reassessed on a quarterly basis. LGD grades are assigned based on a scale of 1-12 and represent FHN’s expected recovery based on collateral type in the event a loan defaults. See Note 5 - Allowance for Loan Losses for further discussion on the credit grading system.

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of June 30, 2015 and 2014.
	June 30, 2015
			Loans to												Allowance
	General		Mortgage				Income		Residential				Percentage		for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		of Total		Losses
PD Grade:
1	$	495,855	$	-	$	-	$	554	$	-	$	496,409	4	%	$	126
2		590,328		-		-		11,602		41		601,971	5			332
3		484,072		317,856		-		84,178		181		886,287	8			350
4		670,972		366,791		-		96,689		54		1,134,506	10			868
5		1,135,773		304,500		-		213,213		5,288		1,658,774	15			6,372
6		1,223,233		618,616		-		267,983		4,499		2,114,331	20			10,234
7		1,186,480		139,217		-		365,840		2,844		1,694,381	15			13,203
8		749,504		28,068		-		163,904		272		941,748	8			13,942
9		419,687		24,617		-		43,752		383		488,439	4			7,900
10		222,799		-		-		27,840		202		250,841	2			5,147
11		179,139		-		-		24,010		1,071		204,220	2			5,438
12		76,209		-		-		17,884		543		94,636	1			2,704
13		122,862		-		305,382		3,633		287		432,164	4			4,944
14,15,16		109,820		-		-		27,045		2,054		138,919	1			12,829
Collectively evaluated for impairment		7,666,733		1,799,665		305,382		1,348,127		17,719		11,137,626	99			84,389
Individually evaluated for impairment		42,951		-		12,785		10,975		1,518		68,229	1			13,562
Purchased credit-impaired loans		5,047		-		-		20,612		1,764		27,423	-			2,291
Total commercial loans	$	7,714,731	$	1,799,665	$	318,167	$	1,379,714	$	21,001	$	11,233,278	100	%	$	100,242

	June 30, 2014
			Loans to													Allowance
	General		Mortgage				Income		Residential				Percent of			for Loan
(Dollars in thousands)	C&I		Companies		TRUPS (a)		CRE		CRE		Total		Total			Losses
PD Grade:
1	$	366,235	$	-	$	-	$	-	$	-	$	366,235	4	%	$		-
2		260,581		-		-		3,110		235		263,926	3				245
3		360,700		76,569		-		983		-		438,252	5				307
4		387,884		77,110		-		7,591		-		472,585	5				746
5		760,726		62,031		-		158,071		6,041		986,869	10				2,579
6		991,013		199,651		-		189,927		4,738		1,385,329	14				1,674
7		1,189,915		182,749		-		285,384		6,087		1,664,135	17				2,696
8		771,697		301,174		-		227,419		53		1,300,343	13				2,739
9		686,657		123,423		-		108,523		5,911		924,514	10				5,896
10		375,862		77,058		-		40,228		1,563		494,711	5				5,379
11		361,870		1,517		-		26,275		2,128		391,790	4				8,397
12		136,560		-		-		32,356		994		169,910	2				1,857
13		120,903		-		325,882		8,938		2,007		457,730	5				6,435
14,15,16		137,500		-		9,385		49,842		4,944		201,671	2				37,666
Collectively evaluated for impairment		6,908,103		1,101,282		335,267		1,138,647		34,701		9,518,000	99				76,616
Individually evaluated for impairment		47,884		-		3,520		15,680		7,177		74,261	1				5,383
Purchase credit-impaired loans		6,780		-		-		33,351		1,957		42,088	-				2,413
Total commercial loans	$	6,962,767	$	1,101,282	$	338,787	$	1,187,678	$	43,835	$	9,634,349	100	%		$	84,412

Balances as of June 30, 2015 and 2014, each presented net of $26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".

The retail portfolio is comprised primarily of smaller-balance loans which are very similar in nature in that most are standard products and are backed by residential real estate. Because of the similarities of retail loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the credit quality of consumer borrowers. FICO scores are refreshed on a quarterly basis in an attempt to reflect the recent risk profile of the borrowers. Accruing delinquency amounts are indicators of asset quality within the credit card and other retail portfolio.

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 June 30, 2015 and 2014:
HELOC
	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	46,789		708		703	$	68,332		708		703
2003		86,928		720		709		120,962		723		710
2004		236,022		723		708		346,431		725		713
2005		382,946		730		718		500,404		732		722
2006		306,652		739		727		365,886		740		728
2007		327,360		744		729		384,391		743		729
2008		183,224		753		748		208,637		753		748
2009		92,774		752		744		110,934		751		745
2010		88,337		754		747		106,954		753		750
2011		86,584		758		751		105,295		759		755
2012		107,715		760		757		128,733		759		759
2013		136,449		757		757		167,149		760		760
2014		120,544		761		763		51,982		760		762
2015		60,176		764		763		-		-		-
Total	$	2,262,500		742		732	$	2,666,090		741		732

R/E Installment Loans	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2003	$	10,180		678		686	$	18,623		680		683
2003		39,996		713		722		62,823		713		724
2004		34,944		698		697		47,502		700		699
2005		106,185		715		711		141,545		716		712
2006		116,730		712		704		156,538		714		702
2007		175,807		722		708		224,425		724		709
2008		56,222		719		712		74,106		721		714
2009		24,999		736		727		33,506		739		732
2010		82,230		750		760		113,437		748		754
2011		254,298		760		759		309,172		760		759
2012		562,078		764		765		653,179		764		765
2013		443,257		755		757		497,720		757		756
2014		439,744		756		755		220,264		756		754
2015		261,101		757		756		-		-		-
Total	$	2,607,771		749		748	$	2,552,840		747		744

Permanent Mortgage	June 30, 2015						June 30, 2014
			Average		Average				Average		Average
(Dollars in thousands)	Period End		Origination		Refreshed		Period End		Origination		Refreshed
Origination Vintage	Balance		FICO		FICO		Balance		FICO		FICO
pre-2004	$	126,365		722		717	$	169,338		724		720
2004		14,586		712		711		19,378		713		714
2005		32,187		736		734		37,572		737		737
2006		56,378		732		734		68,693		730		721
2007		176,298		733		717		207,116		733		712
2008		81,865		741		710		91,904		741		704
Total	$	487,679		730		717	$	594,001		729		713

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on June 30, 2015:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	7,673,986	$	4,830	$	199	$	7,679,015	$	13,781	$	2,536	$	14,352	$	30,669	$	7,709,684
Loans to mortgage companies		1,797,877		1,669		-		1,799,546		-		-		119		119		1,799,665
TRUPS (a)		305,382		-		-		305,382		-		-		12,785		12,785		318,167
Purchased credit-impaired loans		4,153		201		693		5,047		-		-		-		-		5,047
Total commercial (C&I)		9,781,398		6,700		892		9,788,990		13,781		2,536		27,256		43,573		9,832,563
Commercial real estate:
Income CRE		1,344,440		2,916		-		1,347,356		1,285		2,041		8,420		11,746		1,359,102
Residential CRE		19,114		123		-		19,237		-		-		-		-		19,237
Purchased credit-impaired loans		22,238		-		138		22,376		-		-		-		-		22,376
Total commercial real estate		1,385,792		3,039		138		1,388,969		1,285		2,041		8,420		11,746		1,400,715
Consumer real estate:
HELOC		2,150,344		22,240		9,785		2,182,369		65,345		5,243		9,543		80,131		2,262,500
R/E installment loans		2,557,513		9,172		4,272		2,570,957		27,294		1,873		5,227		34,394		2,605,351
Purchased credit-impaired loans		2,012		4		404		2,420		-		-		-		-		2,420
Total consumer real estate		4,709,869		31,416		14,461		4,755,746		92,639		7,116		14,770		114,525		4,870,271
Permanent mortgage		444,187		5,450		5,569		455,206		15,495		1,981		14,997		32,473		487,679
Credit card & other
Credit card		182,477		1,446		1,284		185,207		-		-		-		-		185,207
Other		158,530		873		177		159,580		-		-		749		749		160,329
Purchased credit-impaired loans		8		-		-		8		-		-		-		-		8
Total credit card & other		341,015		2,319		1,461		344,795		-		-		749		749		345,544
Total loans, net of unearned	$	16,662,261	$	48,924	$	22,521	$	16,733,706	$	123,200	$	13,674	$	66,192	$	203,066	$	16,936,772

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

The following table reflects accruing and non-accruing loans by class on June 30, 2014:
	Accruing								Non-Accruing
			30-89		90+						30-89		90+		Total
			Days		Days		Total				Days		Days		Non-		Total
(Dollars in thousands)	Current		Past Due		Past Due		Accruing		Current		Past Due		Past Due		Accruing		Loans
Commercial (C&I):
General C&I	$	6,900,880	$	9,707	$	704	$	6,911,291	$	13,105	$	3,850	$	27,741	$	44,696	$	6,955,987
Loans to mortgage companies		1,097,367		3,782		-		1,101,149		-		-		133		133		1,101,282
TRUPS (a)		335,267		-		-		335,267		-		-		3,520		3,520		338,787
Purchased credit-impaired loans		5,226		322		1,232		6,780		-		-		-		-		6,780
Total commercial (C&I)		8,338,740		13,811		1,936		8,354,487		13,105		3,850		31,394		48,349		8,402,836
Commercial real estate:
Income CRE		1,134,752		8,044		-		1,142,796		271		133		11,127		11,531		1,154,327
Residential CRE		39,429		-		-		39,429		1,297		-		1,152		2,449		41,878
Purchased credit-impaired loans		29,827		259		5,222		35,308		-		-		-		-		35,308
Total commercial real estate		1,204,008		8,303		5,222		1,217,533		1,568		133		12,279		13,980		1,231,513
Consumer real estate:
HELOC		2,548,170		19,772		9,677		2,577,619		71,653		5,888		10,930		88,471		2,666,090
R/E installment loans		2,490,461		11,264		7,889		2,509,614		32,881		3,002		6,568		42,451		2,552,065
Purchased credit-impaired loans		775		-		-		775		-		-		-		-		775
Total consumer real estate		5,039,406		31,036		17,566		5,088,008		104,534		8,890		17,498		130,922		5,218,930
Permanent mortgage		546,846		5,559		4,573		556,978		16,935		3,410		16,678		37,023		594,001
Credit card & other
Credit card		184,014		2,010		1,564		187,588		-		-		-		-		187,588
Other		158,233		937		317		159,487		-		-		1,342		1,342		160,829
Purchased credit-impaired loans		12		-		-		12		-		-		-		-		12
Total credit card & other		342,259		2,947		1,881		347,087		-		-		1,342		1,342		348,429
Total loans, net of unearned	$	15,471,259	$	61,656	$	31,178	$	15,564,093	$	136,142	$	16,283	$	79,191	$	231,616	$	15,795,709

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

Troubled Debt Restructurings

As part of FHN’s ongoing risk management practices, FHN attempts to work with borrowers when necessary to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. FHN considers regulatory guidelines when restructuring loans to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan.

A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that FHN has granted a concession to the borrower. FHN may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of loan structures, business/industry risk, and borrower/guarantor structures. Concessions could include extension of the maturity date, reductions of the interest rate (which may make the rate lower than current market for a new loan with similar risk), reduction or forgiveness of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, FHN also considers whether the borrower has provided additional collateral or guarantors, among other things, and whether such additions adequately compensate FHN for the restructured terms. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management’s judgment is required when determining whether a modification is classified as a TDR.

For all classes within the commercial portfolio segment, TDRs are typically modified through forbearance agreements (generally 6 to 12 months). Forbearance agreements could include reduced interest rates, reduced payments, release of guarantor, or entering into short sale agreements. FHN’s proprietary modification programs for consumer loans are generally structured using parameters of U.S. government-sponsored programs such as Home Affordable Modification Program (“HAMP”). Within the HELOC and R/E installment loans classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years the interest rate steps up 1 percent every year thereafter until it reaches the Federal Home Loan Mortgage Corporation Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance.

Despite the absence of a loan modification, the discharge of personal liability through bankruptcy proceedings is considered a concession. As a result, FHN classifies all non-reaffirmed residential real estate loans discharged in Chapter 7 bankruptcy as nonaccruing TDRs.

On June 30, 2015 and 2014, FHN had $310.6 millionand $350.9 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $61.0 million and $65.8 million, or 20 percent as of June 30, 2015, and 19 percent as of June 30, 2014. Additionally,$80.8 million and $139.5 million of loans held-for-sale as of June 30, 2015 and2014, respectively were classified as TDRs.

The following tables reflect portfolio loans that were classified as TDRs during the three and six months ended June 30, 2015 and 2014:
		Three Months Ended June 30, 2015					Six Months Ended June 30, 2015
			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		-	$	-	$	-	2	$	1,388	$	1,325
	Total commercial (C&I)	-		-		-	2		1,388		1,325
Consumer real estate:
HELOC		65		7,237		7,147	102		10,964		10,854
R/E installment loans		22		1,912		1,916	38		3,266		3,293
	Total consumer real estate	87		9,149		9,063	140		14,230		14,147
Permanent mortgage		4		1,718		1,733	6		2,039		2,054
Credit card & other		6		20		19	12		48		46
Total troubled debt restructurings		97	$	10,887	$	10,815	160	$	17,705	$	17,572

		Three Months Ended June 30, 2014					Six Months Ended June 30, 2014
			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		2	$	736	$	522	2	$	736	$	522
	Total commercial (C&I)	2		736		522	2		736		522
Commercial real estate:
Income CRE		2		421		421	2		421		421
Residential CRE		1		976		960	1		976		960
	Total commercial real estate	3		1,397		1,381	3		1,397		1,381
Consumer real estate:
HELOC		97		8,279		8,557	164		14,069		14,325
R/E installment loans		45		3,132		3,093	117		8,275		8,195
	Total consumer real estate	142		11,411		11,650	281		22,344		22,520
Permanent mortgage		12		2,082		2,080	24		6,675		6,167
Credit card & other		14		60		57	34		147		142
Total troubled debt restructurings		173	$	15,686	$	15,690	344	$	31,299	$	30,732

The following tables present TDRs which re-defaulted during the three and six months ended June 30, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
		Three Months Ended			Six Months Ended
		June 30, 2015			June 30, 2015
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		-	$	-	-	$	-
	Total commercial (C&I)	-		-	-		-
Commercial real estate:
Income CRE		-		-	-		-
Residential CRE		1		896	1		896
	Total commercial real estate	1		896	1		896
Consumer real estate:
HELOC		6		278	7		308
R/E installment loans		1		26	2		112
	Total consumer real estate	7		304	9		420
Permanent mortgage		-		-	-		-
Credit card & other		2		5	3		8
Total troubled debt restructurings		10	$	1,205	13	$	1,324

		Three Months Ended			Six Months Ended
		June 30, 2014			June 30, 2014
			Recorded			Recorded
(Dollars in thousands)		Number	Investment		Number	Investment
Commercial (C&I):
General C&I		-	$	-	4	$	512
	Total commercial (C&I)	-		-	4		512
Commercial real estate:
Income CRE		-		-	2		389
Residential CRE		-		-	-		-
	Total commercial real estate	-		-	2		389
Consumer real estate:
HELOC		2		128	5		339
R/E installment loans		5		305	7		368
	Total consumer real estate	7		433	12		707
Permanent mortgage		2		781	2		781
Credit card & other		2		4	2		4
Total troubled debt restructurings		11	$	1,218	22	$	2,393

The determination of whether a TDR is placed on nonaccrual status generally follows the same internal policies and procedures as other portfolio loans. However, FHN willtypically place a consumer real estate loan on nonaccrual status if it is 30 or more days delinquent upon modification into a TDR. For commercial loans, a nonaccrual TDR that is reasonably assured of repayment according to its modified terms may be returned to accrual status by FHN upon a detailed credit evaluation of the borrower’s financial condition and prospects for repayment under the revised terms. For consumer loans, FHN’s evaluation supporting the decision to return a modified loan to accrual status includes consideration of the borrower’s sustained historical repayment performance for a reasonable period prior to the date on which the loan is returned to accrual status, which is generally a minimum of six months. FHN may also consider a borrower’s sustained historical repayment performance for a reasonable time prior to the restructuring in assessing whether the borrower can meet the restructured terms, as it may indicate that the borrower is capable of servicing the level of debt under the modified terms. Otherwise, FHN will continue to classify a restructured loan as nonaccrual. Consistent with regulatory guidance, upon sustained performance and classification as a TDR over FHN’s year-end, the loan will be removed from TDR status as long as the modified terms were market-based at the time of modification.

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Intangible Assets

6 Months Ended

Jun. 30, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6 – Intangible Assets

The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Condensed Statements of Condition:
			Other
			Intangible
(Dollars in thousands)	Goodwill		Assets (a)
December 31, 2013	$	141,943	$	21,988
Amortization expense		-		(1,963)
June 30, 2014	$	141,943	$	20,025
December 31, 2014	$	145,932	$	29,518
Amortization expense		-		(2,596)
June 30, 2015	$	145,932	$	26,922

(a) Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.

The gross carrying amount and accumulated amortization of other intangible assets subject to amortization is $70.3 million and $43.4 million, respectively on June 30, 2015. Estimated aggregate amortization expense is expected to be $2.6 million for the remainder of 2015, and $5.0 million, $4.7 million, $4.5 million, $4.2 million, and $1.5 million for the twelve-month periods of 2016, 2017, 2018, 2019, and 2020, respectively. No goodwill is carried in the Corporate and Non-strategic segments.

Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning January 1, 2012, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. Gross goodwill of $200.0 million with accumulated impairments and accumulated divestiture related write-offs of $114.1 million and $85.9 million, respectively, were previously allocated to the non-strategic segment, resulting in $0 net goodwill allocated to the non-strategic segment as of June 30, 2014 and 2015. The regional bank and fixed income segments do not have any accumulated impairments or divestiture related write-offs. The following is a summary of goodwill by reportable segment included in the Consolidated Condensed Statements of Condition as of June 30, 2014 and 2015.
		Regional		Fixed
(Dollars in thousands)		Banking		Income		Total
December 31, 2013		$	43,939	$	98,004	$	141,943
	Additions		-		-		-
	Impairments		-		-		-
	Divestitures		-		-		-
Net change in goodwill during 2014			-		-		-
June 30, 2014		$	43,939	$	98,004	$	141,943
December 31, 2014		$	47,928	$	98,004	$	145,932
	Additions		-		-		-
	Impairments		-		-		-
	Divestitures		-		-		-
Net change in goodwill during 2015			-		-		-
June 30, 2015		$	47,928	$	98,004	$	145,932

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Intangible Assets (Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements) (Details) - USD ($)		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance		$ 145,932,000	$ 141,943,000
Goodwill, Amortization expense		0	0
Goodwill, Ending balance		145,932,000	141,943,000
Other Intangible Assets, Beginning Balance	[1]	29,518,000	21,988,000
Other Intangible Assets, Amortization expense		(2,596,000)	(1,963,000)
Other Intangible Assets, Ending Balance	[1]	$ 26,922,000	$ 20,025,000

[1] Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.

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Securities Sold Under Agreements To Repurchase And Collateral Pledged By Counterparties (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Securities Sold Under Agreements To Repurchase [Abstract]
Gross amounts of recognized liabilities	$ 311,760,000		$ 475,530,000
Gross amounts offset in the statement of Condition	0		0
Net amounts of liabilities presented in the Statement of Condition	311,760,000	$ 562,214,000	475,530,000
Offsetting securities purchased under agreements to resell	(3,605,000)		(61,094,000)
Securities Collateral	(308,088,000)		(414,373,000)
Net amount	$ 67,000		$ 63,000

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Other Income And Other Expense (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
All other income and commissions:
ATM interchange fees		$ 3,025,000	$ 2,746,000	$ 5,786,000	$ 5,243,000
Letter of credit fees		1,532,000	1,173,000	2,655,000	2,836,000
Electronic banking fees		1,459,000	1,535,000	2,887,000	3,069,000
Deferred compensation	[1]	(35,000)	1,184,000	998,000	1,841,000
Gains/(loss) on extinguishment of debt		0	0	0	(4,350,000)
Other		6,421,000	2,597,000	9,546,000	5,490,000
Total		12,402,000	9,235,000	21,872,000	14,129,000
All other expense:
Other insurance and taxes		3,455,000	3,209,000	6,784,000	6,269,000
Travel and entertainment		2,632,000	2,645,000	4,246,000	4,469,000
Customer relations		1,505,000	1,680,000	2,819,000	2,923,000
Employee training and dues		1,449,000	1,200,000	2,581,000	2,066,000
Supplies		880,000	804,000	1,807,000	1,920,000
Miscellaneous loan costs		734,000	839,000	1,095,000	1,553,000
Tax credit investments		549,000	862,000	944,000	1,187,000
Litigation and regulatory matters		0	(38,200,000)	162,500,000	(38,110,000)
Other		9,307,000	8,902,000	17,730,000	18,147,000
Total		$ 20,511,000	$ (18,059,000)	$ 200,506,000	$ 424,000

[1] Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense.

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Intangible Assets (Narrative) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]
Gross carrying amount of other intangible assets	$ 70,300,000
Intangible assets accumulated amortization	43,400,000
Future Amortization Expense, Remainder of Fiscal Year	2,600,000
Estimated aggregate amortization expense, Year 2016	5,000,000
Estimated aggregate amortization expense, Year 2017	4,700,000
Estimated aggregate amortization expense, Year 2018	4,500,000
Estimated aggregate amortization expense, Year 2019	4,200,000
Estimated aggregate amortization expense, Year 2020	1,500,000
Goodwill [Line Items]
Gross goodwill	145,932,000	$ 145,932,000	$ 141,943,000	$ 141,943,000
Goodwill	145,932,000	$ 145,932,000	$ 141,943,000	$ 141,943,000
Non Strategic [Member]
Goodwill [Line Items]
Gross goodwill	200,000,000
Accumulated impairments	114,100,000
Accumulated divestiture related write-offs	85,900,000
Goodwill	$ 0

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Fair Value Of Assets And Liabilities (Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	$ 26,525	$ 232,487
Aggregate Unpaid Principal | Loans Held-For-Sale Reported At Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	40,577	367,173
Nonaccrual loans	12,316	134,014
Loans 90 days or more past due and still accruing	2,056	13,504
Fair Value Carrying Amount Less Aggregate Unpaid Principal | Loans Held-For-Sale Reported At Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	(14,052)	(134,686)
Nonaccrual loans	(6,078)	(64,443)
Loans 90 days or more past due and still accruing	(434)	(6,213)
Fair Value Carrying Amount | Loans Held-For-Sale Reported At Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	26,525	232,487
Nonaccrual loans	6,238	69,571
Loans 90 days or more past due and still accruing	$ 1,622	$ 7,291

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Changes in Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 2015

Table Text Block Supplement [Abstract]

Schedule Of Changes In Accumulated Other Comprehensive Income Balances By Component Net Of Tax

The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2015:
(Dollars in thousands, unless otherwise noted)		Unrealized Gain/(Loss) On Securities Available-For-Sale		Pension and Post Retirement Plans		Total
Balance as of April 1, 2015		$	36,585	$	(205,744)	$	(169,159)
	Other comprehensive income before reclassifications, Net of tax benefit of $12.7 million for unrealized gain/(loss) on securities available-for-sale		(20,100)		-		(20,100)
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.6 million for pension and post retirement plans		-		1,011		1,011
Net current period other comprehensive income, Net of tax benefit of $12.7 million and tax expense of $.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			(20,100)		1,011		(19,089)
Balance as of June 30, 2015		$	16,485	$	(204,733)	$	(188,248)
Balance as of January 1, 2015		$	18,581	$	(206,827)	$	(188,246)
	Other comprehensive income before reclassifications, Net of tax benefit of $1.3 million for unrealized gain/(loss) on securities available-for-sale		(2,096)		-		(2,096)
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $1.3 million for pension and post retirement plans		-		2,094		2,094
Net current period other comprehensive income, Net of tax benefit of $1.3 million and tax expense of $1.3 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			(2,096)		2,094		(2)
Balance as of June 30, 2015		$	16,485	$	(204,733)	$	(188,248)

The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2014:
(Dollars in thousands, unless otherwise noted)		Unrealized Gain/(Loss) On Securities Available-For-Sale		Pension and Post Retirement Plans		Total
Balance as of April 1, 2014		$	(1,762)	$	(138,357)	$	(140,119)
	Other comprehensive income before reclassifications, Net of tax expense of $10.9 million for unrealized gain/(loss) on securities available-for-sale		17,358		-		17,358
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.4 million for pension and post retirement plans		-		650		650
Net current period other comprehensive income, Net of tax expense of $10.9 million and $.4 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			17,358		650		18,008
Balance as of June 30, 2014		$	15,596	$	(137,707)	$	(122,111)
Balance as of January 1, 2014		$	(11,241)	$	(138,768)	$	(150,009)
	Other comprehensive income before reclassifications, Net of tax expense of $16.8 million for unrealized gain/(loss) on securities available-for-sale		26,837		-		26,837
	Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.7 million for pension and post retirement plans		-		1,061		1,061
Net current period other comprehensive income, Net of tax expense of $16.8 million and $.7 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively			26,837		1,061		27,898
Balance as of June 30, 2014		$	15,596	$	(137,707)	$	(122,111)

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Loans (Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward) (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Loans [Abstract]
Balance, beginning of period		$ 10,468,000	$ 15,828,000	$ 14,714,000	$ 13,490,000
Additions		0	224,000	0	335,000
Accretion		(1,576,000)	(1,927,000)	(4,948,000)	(3,584,000)
Adjustment for payoffs		(760,000)	(489,000)	(2,096,000)	(722,000)
Adjustment for charge-offs		0	(5,000)	0	(69,000)
Increase in accretable yield	[1]	216,000	2,878,000	678,000	7,059,000
Balance, end of period		$ 8,348,000	$ 16,509,000	$ 8,348,000	$ 16,509,000

[1] Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

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Pension, Savings, And Other Employee Benefits

6 Months Ended

Jun. 30, 2015

Pension, Savings, And Other Employee Benefits [Abstract]

Pension, Savings, And Other Employee Benefits

Note 11 – Pension, Savings, and Other Employee Benefits

Pension plan. FHN sponsors a noncontributory, qualified defined benefit pension plan to employees hired or re-hired on or before September 1, 2007. Pension benefits are based on years of service, average compensation near retirement or other termination, and estimated social security benefits at age 65. Benefits under the plan are “frozen” so that years of service and compensation changes after 2012 do not affect the benefit owed. The contributions are based upon actuarially determined amounts necessary to fund the total benefit obligation. FHN did not make any contributions to the qualified pension plan in 2014. Future decisions to contribute to the plan will be based upon pension funding requirements under the Pension Protection Act, the maximum amount deductible under the Internal Revenue Code, and the actual performance of plan assets. Management has assessed the need for future contributions, and does not currently anticipate that FHN will make a contribution to the qualified pension plan in 2015.

FHN also maintains non-qualified plans including a supplemental retirement plan that covers certain employees whose benefits under the qualified pension plan have been limited by tax rules. These other non-qualified plans are unfunded, and contributions to these plans cover all benefits paid under the non-qualified plans. Payments made under the non-qualified plans were $5.0 million for 2014. FHN anticipates making benefit payments under the non-qualified plans of $5.0 million in 2015.

Savings plan.FHN provides all qualifying full-time employees with the opportunity to participate in the FHN tax qualified 401(k) savingsplan. The qualified plan allows employees to defer receipt of earned salary, up to tax law limits, on a tax-advantaged basis. Accounts, which areheld in trust, may be invested in a wide range of mutual funds and in FHN common stock. Up to tax law limits, FHN provides a100 percentmatch for the first 6 percent of salary deferred, with company match contributions invested according to a participant’s current investment elections. Through a non-qualified savings restoration plan, FHN provides a restorative benefit to certain highly-compensated employees who participate in the savings plan and whose contribution elections are capped by tax limitations.

Other employee benefits. FHN provides postretirement life insurance benefits to certain employees and also provides postretirement medical insurance benefits to retirement-eligible employees. The postretirement medical plan is contributory with FHN contributing a fixed amount for certain participants. FHN’s postretirement benefits include certain prescription drug benefits.

The components of net periodic benefit cost for the three months ended June 30 are as follows:
		Pension Benefits				Other Benefits
(Dollars in thousands)		2015		2014		2015		2014
Components of net periodic benefit cost
Service cost		$	10	$	17	$	38	$	55
Interest cost			9,020		8,660		360		458
Expected return on plan assets			(9,391)		(10,018)		(242)		(255)
Amortization of unrecognized:
	Prior service cost/(credit)		83		87		(291)		(291)
	Actuarial (gain)/loss		2,395		1,635		(244)		(252)
Net periodic benefit cost		$	2,117	$	381	$	(379)	$	(285)

The components of net periodic benefit cost for the six months ended June 30 are as follows:
		Pension Benefits				Other Benefits
(Dollars in thousands)		2015		2014		2015		2014
Components of net periodic benefit cost
Service cost		$	20	$	34	$	75	$	110
Interest cost			18,040		17,320		720		916
Expected return on plan assets			(18,783)		(20,036)		(483)		(510)
Amortization of unrecognized:
	Prior service cost/(credit)		166		174		(582)		(582)
	Actuarial (gain)/loss		4,791		3,270		(488)		(378)
Net periodic benefit cost		$	4,234	$	762	$	(758)	$	(444)

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Fair Value Of Assets And Liabilities

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Of Assets And Liabilities

Note 16 – Fair Value of Assets & Liabilities

FHN groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. This hierarchy requires FHN to maximize the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. Each fair value measurement is placed into the proper level based on the lowest level of significant input. These levels are:

• Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets.
• Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.
• Level 3 - Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models, and similar techniques.

Transfers between fair value levels are recognized at the end of the fiscal quarter in which the associated change in inputs occurs.

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, 2015:
			June 30, 2015
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	109,998	$	-	$	109,998
	Government agency issued MBS			-		327,082		-		327,082
	Government agency issued CMO			-		146,675		-		146,675
	Other U.S. government agencies			-		83,416		-		83,416
	States and municipalities			-		64,597		-		64,597
	Corporate and other debt			-		393,191		5		393,196
	Equity, mutual funds, and other			-		3,602		-		3,602
		Total trading securities - fixed income		-		1,128,561		5		1,128,566
Trading securities - mortgage banking:
	Principal only			-		-		3,740		3,740
	Interest only			-		-		78		78
	Subordinated bonds			-		-		1,106		1,106
		Total trading securities - mortgage banking		-		-		4,924		4,924
Loans held-for-sale				-		-		26,525		26,525
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		830,640		-		830,640
	Government agency issued CMO			-		2,625,286		-		2,625,286
	Other U.S. government agencies			-		-		1,560		1,560
	States and municipalities			-		7,955		1,500		9,455
	Equity, mutual funds, and other			25,825		-		-		25,825
		Total securities available-for-sale		25,825		3,463,981		3,060		3,492,866
Other assets:
	Mortgage servicing rights			-		-		2,158		2,158
	Deferred compensation assets			27,341		-		-		27,341
	Derivatives, forwards and futures			5,299		-		-		5,299
	Derivatives, interest rate contracts			-		109,929		-		109,929
	Derivatives, other			-		2		-		2
		Total other assets		32,640		109,931		2,158		144,729
		Total assets	$	58,465	$	4,702,473	$	36,672	$	4,797,610
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	406,879	$	-	$	406,879
	Government agency issued MBS			-		1,486		-		1,486
	Other U.S. government agencies			-		25,036		-		25,036
	Corporate and other debt			-		299,163		-		299,163
		Total trading liabilities - fixed income		-		732,564		-		732,564
Other liabilities:
	Derivatives, forwards and futures			4,788		-		-		4,788
	Derivatives, interest rate contracts			-		100,191		-		100,191
	Derivatives, other			-		26		4,810		4,836
		Total other liabilities		4,788		100,217		4,810		109,815
		Total liabilities	$	4,788	$	832,781	$	4,810	$	842,379

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:
			June 30, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	235,389	$	-	$	235,389
	Government agency issued MBS			-		195,911		-		195,911
	Government agency issued CMO			-		175,799		-		175,799
	Other U.S. government agencies			-		71,228		-		71,228
	States and municipalities			-		41,144		-		41,144
	Corporate and other debt			-		402,348		5		402,353
	Equity, mutual funds, and other			-		22,040		-		22,040
		Total trading securities - fixed income		-		1,143,859		5		1,143,864
Trading securities - mortgage banking:
	Principal only			-		-		4,707		4,707
	Interest only			-		-		322		322
	Subordinated bonds			-		-		1,387		1,387
		Total trading securities - mortgage banking		-		-		6,416		6,416
Loans held-for-sale				-		-		232,487		232,487
Securities available-for-sale:
	U.S. treasuries			-		39,999		-		39,999
	Government agency issued MBS			-		762,842		-		762,842
	Government agency issued CMO			-		2,569,388		-		2,569,388
	Other U.S. government agencies			-		-		2,061		2,061
	States and municipalities			-		13,655		1,500		15,155
	Venture capital			-		-		2,300		2,300
	Equity, mutual funds, and other			25,995		-		-		25,995
		Total securities available-for-sale		25,995		3,385,884		5,861		3,417,740
Other assets:
	Mortgage servicing rights			-		-		3,197		3,197
	Deferred compensation assets			24,860		-		-		24,860
	Derivatives, forwards and futures			5,119		-		-		5,119
	Derivatives, interest rate contracts			-		156,948		-		156,948
		Total other assets		29,979		156,948		3,197		190,124
		Total assets	$	55,974	$	4,686,691	$	247,966	$	4,990,631
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	479,210	$	-	$	479,210
	Government agency issued MBS			-		1,092		-		1,092
	Other U.S. government agencies			-		11,167		-		11,167
	States and municipalities			-		3,216		-		3,216
	Corporate and other debt			-		211,434		-		211,434
		Total trading liabilities - fixed income		-		706,119		-		706,119
Other liabilities:
	Derivatives, forwards and futures			5,310		-		-		5,310
	Derivatives, interest rate contracts			-		128,297		-		128,297
	Derivatives, other			-		4		4,725		4,729
		Total other liabilities		5,310		128,301		4,725		138,336
		Total liabilities	$	5,310	$	834,420	$	4,725	$	844,455

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, 2015 and 2014, on a recurring basis are summarized as follows:
			Three Months Ended June 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on April 1, 2015			$	5,326			$	26,700			$	3,191		$	2,342		$	(5,005)
	Total net gains/(losses) included in:
		Net income		69				248				-			-			(107)
		Other comprehensive income /(loss)		-				-				(14)			-			-
	Purchases			-				324				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(466)				(329)				(117)			(184)			302
	Net transfers into/(out of) Level 3			-				(418)	(b)			-			-			-
Balance on June 30, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
Net unrealized gains/(losses) included in net income			$	69	(a)		$	248	(a)		$	-		$	-		$	(107)	(d)

			Three Months Ended June 30, 2014
										AFS Securities						Mortgage
			Trading			Loans held-				Investment			Venture			servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital			rights, net				liabilities
Balance on April 1, 2014			$	6,593			$	229,219			$	3,682	$	4,300			$	4,687			$	(4,945)
	Total net gains/(losses) included in:
		Net income		43				8,214				-		(2,000)				113				(101)
		Other comprehensive income /(loss)		-				-				(15)		-				-				-
	Purchases			-				476				-		-				-				-
	Issuances			-				-				-		-				-				-
	Sales			-				-				-		-				(1,400)				-
	Settlements			(215)				(4,607)				(106)		-				(203)				321
	Net transfers into/(out of) Level 3			-				(815)	(b)			-		-				-				-
Balance on June 30, 2014			$	6,421			$	232,487			$	3,561	$	2,300			$	3,197			$	(4,725)
Net unrealized gains/(losses) included in net income			$	(74)	(a)		$	8,214	(a)		$	-	$	(2,000)	(c)		$	77	(a)		$	(101)	(d)

• Primarily included in mortgage banking income on the Consolidated Condensed Statements of 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).
• 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.
• 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, 2015 and 2014, on a recurring basis are summarized as follows:
			Six Months Ended June 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on January 1, 2015			$	5,643			$	27,910			$	3,307		$	2,517		$	(5,240)
	Total net gains/(losses) included in:
		Net income		239				1,390				-			-			(164)
		Other comprehensive income / (loss)		-				-				(28)			-			-
	Purchases			-				1,178				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(953)				(2,819)				(219)			(359)			594
	Net transfers into/(out of) Level 3			-				(1,134)	(b)			-			-			-
Balance on June 30, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
Net unrealized gains/(losses) included in net income			$	239	(a)		$	1,390	(a)		$	-		$	-		$	(164)	(d)

			Six Months Ended June 30, 2014
											Securities available-for-sale					Mortgage
			Trading			Loans held-				Investment			Venture			servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital			rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300			$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		(42)				9,401				-		(2,000)				1,246				(2,442)
		Other comprehensive income /(loss)		-				-				(32)		-				-				-
	Purchases			1,559				4,582				-		-				-				-
	Issuances			-				-				-		-				-				-
	Sales			(1,715)				-				-		-				(69,919)				-
	Settlements			(581)				(8,800)				(233)		-				(923)				632
	Net transfers into/(out of) Level 3			-				(3,152)	(b)			-		-				-				-
Balance on June 30, 2014			$	6,421			$	232,487			$	3,561	$	2,300			$	3,197			$	(4,725)
Net unrealized gains/(losses) included in net income			$	34	(a)		$	9,401	(a)		$	-	$	(2,000)	(c)		$	150	(a)		$	(2,442)	(d)

• Primarily included in mortgage banking income on the Consolidated Condensed Statements of 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).
• 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.
• Included in Other expense.

In third quarter 2014, FHN completed sales of first lien mortgage loans from its loans held-for-sale portfolio. The sale populations primarily represented loans that had been originated with the intent to sell to FNMA or FHLMC and consisted of repurchased loans as well as loans that remained after FHN’s exit of mortgage origination activities in 2008. Smaller amounts of jumbo loans were also included in the sale, along with some loans insured under government programs. Almost all of these loans had been accounted for at elected fair value (a recurring measurement) with a small amount having been accounted for as LOCOM loans (a nonrecurring measurement). The contracted sale values for the loans reflected a substantial improvement in pricing for pre-2009 vintage first lien mortgages in comparison to FHN’s historical methodologies used to estimate fair value, which incorporate significant Level 3 inputs within a discounted cash flow model. Accordingly, the loans being sold were marked to the revised estimate of fair value during the quarter and the pricing evidence from the sale transactions was considered a Level 2 input within the valuation process for the remaining non-governmental guaranteed portion of first lien mortgage loans held-for-sale.

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at June 30, 2015 and 2014, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Three Months Ended		Six Months Ended
	Carrying value at June 30, 2015								June 30, 2015		June 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - first mortgages	$	-	$	-	$	849	$	849	$	-	$	38
Loans, net of unearned income (a)		-		-		38,913		38,913		(641)		(2,182)
Real estate acquired by foreclosure (b)		-		-		29,109		29,109		(1,284)		(1,660)
Other assets (c)		-		-		28,265		28,265		(549)		(944)
									$	(2,474)	$	(4,748)

									Three Months Ended		Six Months Ended
	Carrying value at June 30, 2014								June 30, 2014		June 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	3,471	$	-	$	3,471	$	1	$	43
Loans held-for-sale - first mortgages		-		-		9,004		9,004		7		(10)
Loans, net of unearned income (a)		-		-		53,652		53,652		(469)		(677)
Real estate acquired by foreclosure (b)		-		-		38,781		38,781		(533)		(1,391)
Other assets (c)		-		-		29,622		29,622		(862)		(1,187)
									$	(1,856)	$	(3,222)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

• 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 accounted for under the equity method.

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, 2015 and 2014:
(Dollars in Thousands)
	Fair Value at
Level 3 Class	June 30, 2015		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	4,924	Discounted cash flow	Prepayment speeds	42% - 43%
				Discount rate	5% - 56%
Loans held-for-sale - residential real estate		27,374	Discounted cash flow	Prepayment speeds - First mortgage	2% - 20%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	50% - 60%
				Loss severity trends - First mortgage	10% - 70% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Derivative liabilities, other		4,810	Discounted cash flow	Visa covered litigation resolution amount	$4.5 billion - $5.5 billion
				Probability of resolution scenarios	5% - 25%
				Time until resolution	6 - 42 months
Loans, net of unearned income (a)		38,913	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 (b)		29,109	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		28,265	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

• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.
• 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 accounted for under the equity method.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	June 30, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	6,416	Discounted cash flow	Prepayment speeds	43% - 47%
				Discount rate	40% - 85%
Loans held-for-sale - residential real estate		241,491	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	5% - 15%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	50% - 100% of UPB
				Draw Rate - HELOC	5% - 12%
Derivative liabilities, other		4,725	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 42 months
Loans, net of unearned income (a)		53,652	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 (b)		38,781	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		29,622	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

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

• Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.
• 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 accounted for under the equity method.

Trading securities-mortgage.Prepayment rates and credit spreads (part of the discount rate) are significant unobservable inputs used in the fair value measurement of FHN’s mortgage trading securities which include interest-only strips, principal-only strips, and subordinated bonds. Increases in prepayment rates and credit spreads in isolation would result in significantly lower fair value measurements for the associated assets. Conversely, decreases in prepayment rates and credit spreads in isolation would result in significantly higher fair value measurements for the associated assets. Generally, when market interest rates decline and other factors favorable to prepayments occur, there is a corresponding increase in prepayment rates as customers are expected to refinance existing mortgages under more favorable interest rate terms. Generally, changes in discount rates directionally mirror the changes in market interest rates. FHN’s Corporate Accounting Department monitors sale activity and changes in the fair value of excess interest monthly.

Loans held-for-sale. Foreclosure losses in 2015, credit spreads and delinquency adjustment factors in 2014, and prepayment rates in 2015 and 2014 are significant unobservable inputs used in the fair value measurement of FHN’s residential real estate loans held-for-sale. Loss severity trends are also assessed to evaluate the reasonableness of fair value estimates resulting from discounted cash flows methodologies as well as to estimate fair value for newly repurchased loansand loans that are near foreclosure. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. Draw rates are an additional significant unobservable input for HELOCs.Increases (decreases) in the draw rate estimates for HELOCs would increase (decrease) their fair value.All observable and unobservable inputs are re-assessed monthly. Fair value measurements are reviewed at least monthly by FHN’s Corporate Accounting Department.

Derivative liabilities.In conjunction with the sales of portions of its Visa Class B shares, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. FHN uses a discounted cash flow methodology in order to estimate the fair value of FHN’s derivative liabilities associated with its prior sales of Visa Class B shares. The methodology includes estimation of both the resolution amount for Visa’s Covered Litigation matters as well as the length of time until the resolution occurs. Significant increases (decreases) in either of these inputs in isolation would result in significantly higher (lower) fair value measurements for the derivative liabilities. Additionally, FHN performs a probability weighted multiple resolution scenario to calculate the estimated fair value of these derivative liabilities. Assignment of higher (lower) probabilities to the larger potential resolution scenarios would result in an increase (decrease) in the estimated fair value of the derivative liabilities. Since this estimation process requires application of judgment in developing significant unobservable inputs used to determine the possible outcomes and the probability weighting assigned to each scenario, these derivatives have been classified within Level 3 in fair value measurements disclosures. The valuation inputs and process are discussed with senior and executive management when significant events affecting the estimate of fair value occur. Inputs are compared to information obtained from the public issuances and filings of Visa, Inc. as well as public information released by other participants in the applicable litigation matters.

Loans, net of unearned income and Real estate acquired by foreclosure. Collateral-dependent loans and Real estate acquired by foreclosure are primarily valued using appraisals based on sales of comparable properties in the same or similar markets. Multiple appraisal firms are utilized to ensure that estimated values are consistent between firms. This process occurs within FHN’s Credit Risk Management (commercial) and Default Servicing functions (primarily consumer) and the Credit Risk Management Committee reviews valuation methodologies and loss information for reasonableness. Back testing is performed during the year through comparison to ultimate disposition values and is reviewed quarterly within the Credit Risk Management function. Other collateral (receivables, inventory, equipment, etc.) is valued through borrowing base certificates, financial statements and/or auction valuations. These valuations are discounted based on the quality of reporting, knowledge of the marketability/collectability of the collateral and historical disposition rates.

Other assets – tax credit investments.The estimated fair value of tax credit investments accounted for under the equity method is generally determined in relation to the yield (i.e., future tax credits to be received) an acquirer of these investments would expect in relation to the yields experienced on current new issue and/or secondary market transactions. Thus, as tax credits are recognized, the future yield to a market participant is reduced, resulting in consistent impairment of the individual investments. Individual investments are reviewed for impairment quarterly, which may include the consideration of additional marketability discounts related to specific investments. Unusual valuation adjustments and the associated triggering events are discussed with senior and executive management when appropriate. A portfolio review is conducted annually, with the assistance of a third party, to assess the reasonableness of current valuations.

Fair Value Option

FHN elected the fair value option on a prospective basis for almost all types of mortgage loans originated for sale purposes under the Financial Instruments Topic (“ASC 825”). FHN determined that the election reduced certain timing differences and better matched changes in the value of such loans with changes in the value of derivatives used as economic hedges for these assets at the time of election.

Repurchased loans are recognized within loans held-for-sale at fair value at the time of repurchase, which includes consideration of the credit status of the loans and the estimated liquidation value. FHN has elected to continue recognition of these loans at fair value in periods subsequent to reacquisition. Due to the credit-distressed nature of the vast majority of repurchased loans and the related loss severities experienced upon repurchase, FHN believes that the fair value election provides a more timely recognition of changes in value for these loans that occur subsequent to repurchase. Absent the fair value election, these loans would be subject to valuation at the LOCOM value, which would prevent subsequent values from exceeding the initial fair value, determined at the time of repurchase, but would require recognition of subsequent declines in value. Thus, the fair value election provides for a more timely recognition of any potential future recoveries in asset values while not affecting the requirement to recognize subsequent declines in value.

The following tables reflect the differences between the fair value carrying amount of residential real estate loans 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, 2015
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	26,525	$	40,577		$	(14,052)
	Nonaccrual loans		6,238		12,316			(6,078)
	Loans 90 days or more past due and still accruing		1,622		2,056			(434)
		June 30, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	232,487	$	367,173		$	(134,686)
	Nonaccrual loans		69,571		134,014			(64,443)
	Loans 90 days or more past due and still accruing		7,291		13,504			(6,213)

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)			2015		2014		2015		2014
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	248	$	8,214	$	1,390	$	9,401

For the three months ended June 30, 2015, and 2014, the amounts for residential real estate loans held-for-sale include gains of $.3million and $.9 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. For the six months ended June 30, 2015, and 2014, the amounts for loans held-for-sale include gains of $.7 million and $2.6 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. The portion of the fair value adjustments related to credit risk was determined based on estimated default rates and estimated loss severities. Interest income on residential real estate loans held-for-sale measured at fair value is calculated based on the note rate of the loan and is recorded in the interest income section of the Consolidated Condensed Statements of Income as interest on loans held-for-sale.

Determination of Fair Value

In accordance with ASC 820-10-35, fair values are based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following describes the assumptions and methodologies used to estimate the fair value of financial instruments recorded at fair value in the Consolidated Condensed Statements of Condition and for estimating the fair value of financial instruments for which fair value is disclosed under ASC 825-10-50.

Short-term financial assets. Federal funds sold, securities purchased under agreements to resell, and interest bearing deposits with other financial institutions and the Federal Reserve are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization.

Trading securities and trading liabilities. Trading securities and trading liabilities are recognized at fair value through current earnings. Trading inventory held for broker-dealer operations is included in trading securities and trading liabilities. Broker-dealer long positions are valued at bid price in the bid-ask spread. Short positions are valued at the ask price. Inventory positions are valued using observable inputs including current market transactions, LIBOR and U.S. treasury curves, credit spreads, and consensus prepayment speeds.

Trading securities also include retained interests in prior securitizations that qualify as financial assets, which primarily include interest-only strips, principal-only strips and subordinated bonds. FHN uses inputs including yield curves, credit spreads, and prepayment speeds to determine the fair value of principal-only strips.Subordinated bonds are bonds with junior priority and are valued using an internal model which includes contractual terms, frequency and severity of loss (credit spreads), prepayment speeds of the underlying collateral, and the yield that a marketparticipant would require.

Securities available-for-sale. Securities available-for-sale includes the investment portfolio accounted for as available-for-sale under ASC 320-10-25, federal bank stock holdings, short-term investments in mutual funds, and prior to third quarter 2014, venture capital investments. Valuations of available-for-sale securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves, consensus prepayment estimates, and credit spreads. When available, broker quotes are used to support these valuations. Certain government agency debt obligations with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows and the treasury curve. Significant unobservable inputs include estimated trading spreads and estimated prepayment speeds.

Investments in the stock of the Federal Reserve Bank and Federal Home Loan Banks are recognized at historical cost in the Consolidated Condensed Statements of Condition which is considered to approximate fair value. Short-term investments in mutual funds are measured at the funds’ reported closing net asset values. Investments in equity securities are valued using quoted market prices. Prior to third quarter 2014, venture capital investments were typically measured using significant internally generated inputs including adjustments to industry comparables and discounted cash flows analysis.

Securities held-to-maturity. Securities held-to-maturity reflects debt securities for which management has the positive intent and ability to hold to maturity. To the extent possible, valuations of held-to-maturity securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves and credit spreads. Debt securities with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows, the treasury curve and credit spreads from similar instruments. Significant unobservable inputs include estimated credit spreads for individual issuers and instruments as well as prepayment speeds, as applicable.

Loans held-for-sale. Residential real estate loans held-for-sale are valued using current transaction prices and/or values on similar assets when available. Uncommitted bids may be adjusted based on other available market information. For all other loans FHN determines the fair value of residential real estate loans held-for-sale using a discounted cash flow model which incorporates both observable and unobservable inputs. Commencing in fourth quarter 2014, inputs include current mortgage rates for similar products, estimated prepayment rates, foreclosure losses, and various loan performance measures (delinquency, LTV, credit score). Prior to fourth quarter 2014, typical inputs included contractual cash flow requirements, current mortgage rates for similar products, estimated prepayment rates, credit spreads and delinquency penalty adjustments. Adjustments for delinquency and other differences in loan characteristics are typically reflected in the model’s discount rates. Loss severity trends and the value of underlying collateral are also considered in assessing the appropriate fair value for severely delinquent loans and loans in foreclosure. The valuation of HELOCs also incorporates estimates of loan draw rates as well as estimated cancellation rates for loans expected to become delinquent.

Loans held-for-sale also includes loans made by the Small Business Administration (“SBA”), which are accounted for at LOCOM. The fair value of SBA loans is determined using an expected cash flow model that utilizes observable inputs such as the spread between LIBOR and prime rates, consensus prepayment speeds, and the treasury curve. The fair value of other non-residential real estate loans held-for-sale is approximated by their carrying values based on current transaction values.

Loans, net of unearned income. Loans, net of unearned income are recognized at the amount of funds advanced, less charge-offs and an estimation of credit risk represented by the allowance for loan losses. The fair value estimates for disclosure purposes differentiate loans based on their financial characteristics, such as product classification, vintage, loan category, pricing features, and remaining maturity.

The fair value of floating rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is considered to approximate book value due to the monthly repricing for commercial and consumer loans, with the exception of floating rate 1-4 family residential mortgage loans which reprice annually and will lag movements in market rates. The fair value for floating rate 1-4 family mortgage loans is calculated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period.

Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the floating rate 1-4 family residential mortgage portfolio.

The fair value of fixed rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is estimated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period. Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the fixed rate mortgage and installment loan portfolios.

For all loan portfolio classes, adjustments are made to reflect liquidity or illiquidity of the market. Such adjustments reflect discounts that FHN believes are consistent with what a market participant would consider in determining fair value given current market conditions.

Individually impaired loans are measured using either a discounted cash flow methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral-dependent. In accordance with accounting standards, the discounted cash flow analysis utilizes the loan’s effective interest rate for discounting expected cash flow amounts. Thus, this analysis is not considered a fair value measurement in accordance with ASC 820. However, the results of this methodology are considered to approximate fair value for the applicable loans. Expected cash flows are derived from internally-developed inputs primarily reflecting expected default rates on contractual cash flows. For loans measured using the estimated fair value of collateral less costs to sell, fair value is estimated using appraisals of the collateral. Collateral values are monitored and additional write-downs are recognized if it is determined that the estimated collateral values have declined further. Estimated costs to sell are based on current amounts of disposal costs for similar assets. Carrying value is considered to reflect fair value for these loans.

Mortgage servicing rights. FHN recognizes all classes of MSR at fair value. In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing. Since that time FHN has used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR, as a third-party pricing source in the valuation of the MSR.

Derivative assets and liabilities. The fair value for forwards and futures contracts is based on current transactions involving identical securities. Futures contracts are exchange-traded and thus have no credit risk factor assigned as the risk of non-performance is limited to the clearinghouse used.

Valuations of other derivatives (primarily interest rate related swaps, swaptions, caps, and collars) are based on inputs observed in active markets for similar instruments. Typical inputs include the LIBOR curve, Overnight Indexed Swap ("OIS") curve, option volatility, and option skew. In measuring the fair value of these derivative assets and liabilities, FHN has elected to consider credit risk based on the net exposure to individual counterparties. Credit risk is mitigated for these instruments through the use of mutual margining and master netting agreements as well as collateral posting requirements. Any remaining credit risk related to interest rate derivatives is considered in determining fair value through evaluation of additional factors such as customer loan grades and debt ratings. Foreign currency related derivatives also utilize observable exchange rates in the determination of fair value. The determination of fair value for FHN’s derivative liabilities associated with its prior sales of Visa Class B shares are classified within Level 3 in the fair value measurements disclosure as previously discussed in the unobservable inputs discussion.

Real estate acquired by foreclosure. Real estate acquired by foreclosure primarily consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Estimated fair value is determined using appraised values with subsequent adjustments for deterioration in values that are not reflected in the most recent appraisal. Real estate acquired by foreclosure during periods prior to January 1, 2015 also includes properties acquired in compliance with HUD servicing guidelines which are carried at the estimated amount of the underlying government insurance or guarantee.

Nonearning assets. For disclosure purposes, nonearning assets include cash and due from banks, accrued interest receivable, and fixed income receivables. Due to the short-term nature of cash and due from banks, accrued interest receivable, and fixed income receivables, the fair value is approximated by the book value.

Other assets. For disclosure purposes, other assets consist of tax credit investments and deferred compensation assets that are considered financial assets. Tax credit investments accounted for under the equity method are written down to estimated fair value quarterly based on the estimated value of the associated tax credits which incorporates estimates of required yield for hypothetical investors. The fair value of all other tax credit investments is estimated using recent transaction information with adjustments for differences in individual investments. Deferred compensation assets are recognized at fair value, which is based on quoted prices in active markets. Beginning in first quarter 2015, Other assets also includes property acquired in connection with foreclosures of loans that have government insurance or guarantees. These receivables are valued at the expected amounts recoverable for the insurance or guarantees.

Defined maturity deposits. The fair value of these deposits is estimated by discounting future cash flows to their present value. Future cash flows are discounted by using the current market rates of similar instruments applicable to the remaining maturity. For disclosure purposes, defined maturity deposits include all certificates of deposit and other time deposits.

Undefined maturity deposits. In accordance with ASC 825, the fair value of these deposits is approximated by the book value. For the purpose of this disclosure, undefined maturity deposits include demand deposits, checking interest accounts, savings accounts, and money market accounts.

Short-term financial liabilities. The fair value of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings are approximated by the book value. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization.

Term borrowings. The fair value of term borrowings is based on quoted market prices or dealer quotes for the identical liability when traded as an asset. When pricing information for the identical liability is not available, relevant prices for similar debt instruments are used with adjustments being made to the prices obtained for differences in characteristics of the debt instruments. If no relevant pricing information is available, the fair value is approximated by the present value of the contractual cash flows discounted by the investor’s yield which considers FHN’s and FTBNA’s debt ratings.

Other noninterest-bearing liabilities. For disclosure purposes, other noninterest-bearing liabilities include accrued interest payable and fixed income payables. Due to the short-term nature of these liabilities, the book value is considered to approximate fair value.

Loan commitments. Fair values of these commitments are based on fees charged to enter into similar agreements taking into account the remaining terms of the agreements and the counterparties’ credit standing.

Other commitments. Fair values of these commitments are based on fees charged to enter into similar agreements.

The following fair value estimates are determined as of a specific point in time utilizing various assumptions and estimates. The use of assumptions and various valuation techniques, as well as the absence of secondary markets for certain financial instruments, will likely reduce the comparability of fair value disclosures between financial institutions. Due to market illiquidity, the fair values for loans, net of unearned income, loans held-for-sale, and term borrowings as of June 30, 2015 and 2014, involve the use of significant internally-developed pricing assumptions for certain components of these line items. The assumptions and valuations utilized for this disclosure are considered to reflect inputs that market participants would use in transactions involving these instruments as of the measurement date. The valuations of legacy assets, particularly consumer loans within the non-strategic segment and TRUP loans, are influenced by the challenging economic conditions experienced during the past several years, including housing price declines and the effect on estimated collateral values, elevated unemployment or underemployment and risk perceptions of the financial sector. These considerations affect the estimate of a potential acquirer’s cost of capital assumption and cash flow volatility from these assets and the resulting fair value measurements may depart significantly from our internal estimates of the intrinsic value of these assets.

Assets and liabilities that are not financial instruments have not been included in the following table such as the value of long-term relationships with deposit and trust customers, premises and equipment, goodwill and other intangibles, deferred taxes, and certain other assets and other liabilities. Additionally, these measurements are solely for financial instruments as of the measurement date and do not consider the earnings potential of our various business lines. Accordingly, the total of the fair value amounts does not represent, and should not be construed to represent, the underlying value of the Company.

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 loan commitments and stand by and other commitments as of June 30, 2015 and 2014.

			June 30, 2015
			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	$	9,753,813	$	-	$	-	$	9,716,906	$	9,716,906
		Commercial real estate		1,379,223		-		-		1,362,420		1,362,420
	Retail:
		Consumer real estate		4,784,814		-		-		4,637,309		4,637,309
		Permanent mortgage		465,302		-		-		434,145		434,145
		Credit card & other		332,269		-		-		333,921		333,921
Total loans, net of unearned income and allowance for loan losses				16,715,421		-		-		16,484,701		16,484,701
Short-term financial assets
	Interest-bearing cash			344,944		344,944		-		-		344,944
	Federal funds sold			77,039		-		77,039		-		77,039
	Securities purchased under agreements to resell			816,991		-		816,991		-		816,991
Total short-term financial assets				1,238,974		344,944		894,030		-		1,238,974
Trading securities (a)				1,133,490		-		1,128,561		4,929		1,133,490
Loans held-for-sale (a)				127,196		-		-		127,196		127,196
Securities available-for-sale (a) (b)				3,648,860		25,825		3,463,981		159,054		3,648,860
Securities held-to-maturity				4,306		-		-		5,356		5,356
Derivative assets (a)				115,230		5,299		109,931		-		115,230
Other assets
	Tax credit investments			90,095		-		-		60,619		60,619
	Deferred compensation assets			27,341		27,341		-		-		27,341
Total other assets				117,436		27,341		-		60,619		87,960
Nonearning assets
	Cash & due from banks			274,256		274,256		-		-		274,256
	Fixed income receivables			91,069		-		91,069		-		91,069
	Accrued interest receivable			57,346		-		57,346		-		57,346
Total nonearning assets				422,671		274,256		148,415		-		422,671
Total assets			$	23,523,584	$	677,665	$	5,744,918	$	16,841,855	$	23,264,438
Liabilities:
Deposits:
	Defined maturity		$	1,169,153	$	-	$	1,173,899	$	-	$	1,173,899
	Undefined maturity			17,505,320		-		17,505,320		-		17,505,320
Total deposits				18,674,473		-		18,679,219		-		18,679,219
Trading liabilities (a)				732,564		-		732,564		-		732,564
Short-term financial liabilities
	Federal funds purchased			556,862		-		556,862		-		556,862
	Securities sold under agreements to repurchase			311,760		-		311,760		-		311,760
	Other short-term borrowings			150,350		-		150,350		-		150,350
Total short-term financial liabilities				1,018,972		-		1,018,972		-		1,018,972
Term borrowings
	Real estate investment trust-preferred			45,930		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,983		17,983
	Borrowings secured by residential real estate			55,679		-		-		48,051		48,051
	Other long term borrowings			1,438,038		-		1,411,226		-		1,411,226
Total term borrowings				1,557,647		-		1,411,226		115,384		1,526,610
Derivative liabilities (a)				109,815		4,788		100,217		4,810		109,815
Other noninterest-bearing liabilities
	Fixed income payables			54,301		-		54,301		-		54,301
	Accrued interest payable			16,382		-		16,382		-		16,382
Total other noninterest-bearing liabilities				70,683		-		70,683		-		70,683
Total liabilities			$	22,164,154	$	4,788	$	22,012,881	$	120,194	$	22,137,863

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9million and FRB stock of $65.8million.

			June 30, 2014
			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	$	8,334,245	$	-	$	-	$	8,244,011	$	8,244,011
		Commercial real estate		1,215,692		-		-		1,168,748		1,168,748
	Retail:
		Consumer real estate		5,100,893		-		-		4,810,173		4,810,173
		Permanent mortgage		570,274		-		-		513,946		513,946
		Credit card & other		330,977		-		-		332,924		332,924
Total loans, net of unearned income and allowance for loan losses				15,552,081		-		-		15,069,802		15,069,802
Short-term financial assets
	Interest-bearing cash			255,920		255,920		-		-		255,920
	Federal funds sold			51,537		-		51,537		-		51,537
	Securities purchased under agreements to resell			624,477		-		624,477		-		624,477
Total short-term financial assets				931,934		255,920		676,014		-		931,934
Trading securities (a)				1,150,280		-		1,143,859		6,421		1,150,280
Loans held-for-sale (a)				358,945		-		3,471		355,474		358,945
Securities available-for-sale (a) (b)				3,576,542		25,995		3,385,884		164,663		3,576,542
Securities held-to-maturity				4,279		-		-		5,556		5,556
Derivative assets (a)				162,067		5,119		156,948		-		162,067
Other assets
	Tax credit investments			82,493		-		-		70,306		70,306
	Deferred compensation assets			24,860		24,860		-		-		24,860
Total other assets				107,353		24,860		-		70,306		95,166
Nonearning assets
	Cash & due from banks			417,108		417,108		-		-		417,108
	Fixed income receivables			174,224		-		174,224		-		174,224
	Accrued interest receivable			67,132		-		67,132		-		67,132
Total nonearning assets				658,464		417,108		241,356		-		658,464
Total assets			$	22,501,945	$	729,002	$	5,607,532	$	15,672,222	$	22,008,756
Liabilities:
Deposits:
	Defined maturity		$	1,312,419	$	-	$	1,319,686	$	-	$	1,319,686
	Undefined maturity			14,845,068		-		14,845,068		-		14,845,068
Total deposits				16,157,487		-		16,164,754		-		16,164,754
Trading liabilities (a)				706,119		-		706,119		-		706,119
Short-term financial liabilities
	Federal funds purchased			947,946		-		947,946		-		947,946
	Securities sold under agreements to repurchase			475,530		-		475,530		-		475,530
	Other short-term borrowings			1,073,250		-		1,073,250		-		1,073,250
Total short-term financial liabilities				2,496,726		-		2,496,726		-		2,496,726
Term borrowings
	Real estate investment trust-preferred			45,862		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,940		17,940
	Borrowings secured by residential real estate			74,103		-		-		63,951		63,951
	Other long term borrowings			1,363,244		-		1,357,728		-		1,357,728
Total term borrowings				1,501,209		-		1,357,728		131,241		1,488,969
Derivative liabilities (a)				138,336		5,310		128,301		4,725		138,336
Other noninterest-bearing liabilities
	Fixed income payables			95,299		-		95,299		-		95,299
	Accrued interest payable			23,218		-		23,218		-		23,218
Total other noninterest-bearing liabilities				118,517		-		118,517		-		118,517
Total liabilities			$	21,118,394	$	5,310	$	20,972,145	$	135,966	$	21,113,421

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Unfunded Commitments:
Loan commitments	$	7,507,315	$	7,227,433	$	2,761	$	2,079
Standby and other commitments		304,860		307,543		4,846		5,150
Certain previously reported amounts have been reclassified to agree with current presentation.

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Loans (Narrative) (Details)		3 Months Ended			6 Months Ended
		Jun. 30, 2015 USD ($) number		Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) number		Jun. 30, 2014 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings loans		$ 310,600,000		$ 350,900,000	$ 310,600,000		$ 350,900,000
Allowance for loan losses		221,351,000		243,628,000	221,351,000		243,628,000	$ 228,328,000	$ 232,448,000	$ 247,246,000	$ 253,809,000
Average balance of impaired loans		348,644,000		374,714,000	347,253,000		382,859,000
Interest income recognized on impaired loan		$ 1,709,000		1,666,000	3,369,000		3,347,000
Forbearance agreements time period		6 months
Loans, net of unearned income		$ 16,936,772,000	[1]	15,795,709,000	16,936,772,000	[1]	15,795,709,000		16,230,166,000
Provision/(provision credit) for loan losses		2,000,000		5,000,000	7,000,000		15,000,000
Loan loss provision on PCI loans		300,000		600,000	600,000		1,700,000
Allowance - purchased credit impaired loans		2,784,000		2,455,000	2,784,000		2,455,000
Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 22,377,000		23,727,000	$ 22,377,000		23,727,000	20,186,000	19,122,000	22,521,000	22,491,000
TDR, reduction of interest rate by increment, basis points		0.25%			0.25%
TDRS Maturities		40 years
Loans, net of unearned income		$ 487,679,000		594,001,000	$ 487,679,000		594,001,000		538,961,000
Modified interest rate increase		1.00%			1.00%
Provision/(provision credit) for loan losses		$ 2,329,000		1,391,000	$ 3,959,000		3,061,000
Allowance - purchased credit impaired loans		0		0	0		0
Loans Held-For-Sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings loans		$ 80,800,000		139,500,000	80,800,000		139,500,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage		32.00%
Consumer Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage		29.00%
Allowance for loan losses		$ 85,457,000		118,037,000	85,457,000		118,037,000	109,245,000	113,011,000	123,409,000	126,785,000
TDRS Maturities		30 years
Loans, net of unearned income	[2]	$ 4,870,271,000		5,218,930,000	4,870,271,000		5,218,930,000		5,048,071,000
Provision/(provision credit) for loan losses		(24,736,000)		(2,768,000)	(24,689,000)		1,146,000
Allowance - purchased credit impaired loans		493,000		41,000	493,000		41,000
Modified Loans Classified As A TDR
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 61,000,000		$ 65,800,000	$ 61,000,000		$ 65,800,000
Ratio of the allowance for loan losses to loans		20.00%		19.00%	20.00%		19.00%
Loans To Mortgage Companies
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage contributed in total loan		11.00%			11.00%
Concentration risk, percentage					18.00%
Commercial loans		$ 1,799,665,000		$ 1,101,282,000	$ 1,799,665,000		$ 1,101,282,000
Loans, net of unearned income		1,799,665,000		1,101,282,000	1,799,665,000		1,101,282,000
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		100,242,000		84,412,000	100,242,000		84,412,000
Average balance of impaired loans		67,341,000		78,181,000	64,065,000		87,439,000
Interest income recognized on impaired loan		276,000		201,000	566,000		445,000
Commercial loans		$ 11,233,278,000		9,634,349,000	11,233,278,000		9,634,349,000
Time period of default probability		1 year
Allowance - purchased credit impaired loans		$ 2,291,000		2,413,000	2,291,000		2,413,000
Credit Card & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		13,275,000		17,452,000	13,275,000		17,452,000	$ 13,580,000	14,730,000	$ 13,061,000	$ 7,484,000
Loans, net of unearned income		345,544,000		348,429,000	345,544,000		348,429,000		358,131,000
Provision/(provision credit) for loan losses		4,697,000		7,273,000	6,590,000		15,930,000
Allowance - purchased credit impaired loans		$ 0		1,000	$ 0		1,000
Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit card workout program, granted rate reduction		0.00%			0.00%
Loans, net of unearned income		$ 185,207,000		187,588,000	$ 185,207,000		187,588,000
Heloc And Real Estate Installment Classes
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR, reduction of interest rate by increment, basis points		0.25%			0.25%
Restricted And Secured Consumer Real Estate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		$ 66,400,000		84,400,000	$ 66,400,000		84,400,000		$ 76,800,000
Finance And Insurance Companies
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage contributed in total loan		12.00%			12.00%
Concentration risk, percentage					21.00%
Commercial loans		$ 2,100,000,000			$ 2,100,000,000
Finance Insurance And Loans To Mortgage Companies
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage contributed in total loan		39.00%			39.00%
Maximum | Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate time period		5 years
Maximum | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance agreements time period		12 months
Maximum | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment reductions, time period		1 year
Credit card workout program, term extension		5 years
Maximum | Heloc And Real Estate Installment Classes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate time period		5 years
Minimum | Permanent Mortgage Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate		2.00%			2.00%
Modified interest rate time period		5 years
Minimum | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment reductions, time period		6 months
Minimum | Heloc And Real Estate Installment Classes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified interest rate		1.00%			1.00%
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number		13			13
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number		14			14
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number		15			15
Unlikely to be Collected Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number		16			16
PD Grade 1
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 126,000		0	$ 126,000		0
Lowest expected default probability | number		1			1
PD Grade 12
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ 2,704,000		1,857,000	$ 2,704,000		1,857,000
PD Grade 13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		4,944,000		$ 6,435,000	4,944,000		$ 6,435,000
PD Grade 13 | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loans		$ 500,000			$ 500,000
LGD Grade 1
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number		1			1
LGD Grade 12
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan grades | number		12			12
Loan Reassessed | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loans		$ 1,000,000			$ 1,000,000

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

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Master Netting And Similar Agreements (Tables)

6 Months Ended

Jun. 30, 2015

Master Netting And Similar Agreements [Abstract]

Securities Purchased Under Agreements To Resell And Collateral Pledged By Counterparties [Table Text Block]

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of June 30:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting		Securities collateral
	Gross amounts		offset in the		assets presented		securities sold		(not recognized on
	of recognized		Statement of		in the Statement		under agreements		FHN's Statement
(Dollars in thousands)	assets		Condition		of Condition		to repurchase		of Condition)		Net amount
Securities purchased under agreements to resell:
2015	$	816,991	$	-	$	816,991	$	(3,605)	$	(805,178)	$	8,208
2014		624,477		-		624,477		(61,094)		(555,665)		7,718

Securities Sold Under Agreements To Repurchase And Collateral Pledged By Company [Table Text Block]

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of June 30:

								Gross amounts not offset in the
								Statement of Condition
			Gross amounts		Net amounts of		Offsetting
	Gross amounts		offset in the		liabilities presented		securities
	of recognized		Statement of		in the Statement		purchased under		Securities
(Dollars in thousands)	liabilities		Condition		of Condition		agreements to resell		Collateral		Net amount
Securities sold under agreements to repurchase:
2015	$	311,760	$	-	$	311,760	$	(3,605)	$	(308,088)	$	67
2014		475,530		-		475,530		(61,094)		(414,373)		63

Schedule of the Remaining Contractual Maturity by Collateral Type of Securities Sold Under Agreements To Repurchase

Due to the short duration of Securities sold under agreements to repurchase and the nature of collateral involved, the risks associated with these transactions are considered minimal. The following table provides a detail, by collateral type, of the remaining contractual maturity of Securities sold under agreements to repurchase as of June 30:
	June 30, 2015
	Overnight and
(Dollars in thousands)	Continuous		Up to 30 Days		Total
Securities sold under agreements to repurchase:
U.S. treasuries	$	15,175	$	-	$	15,175
Government agency issued MBS		93,697		-		93,697
Government agency issued CMO		190,438		12,450		202,888
Total Securities sold under agreements to repurchase	$	299,310	$	12,450	$	311,760

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Consolidated Statements of Income (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Condensed Statements Of Income [Abstract]
Pension and post-retirement plans expense reclassified from accumulated other comprehensive income	$ 1,600,000	$ 1,100,000	$ 3,400,000	$ 1,700,000
Income tax benefit reclassified from accumulated other comprehensive income	$ 600,000	$ 400,000	$ 1,300,000	$ 700,000

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Fair Value Of Assets And Liabilities (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)	Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	$ 1,133,490,000		$ 1,194,391,000	$ 1,150,280,000
Loans held-for-sale	26,525,000			232,487,000
Securities available for sale	3,648,860,000	[1]	$ 3,556,613,000	3,576,542,000	[2]
Total other assets	144,729,000			190,124,000
Total assets	4,797,610,000			4,990,631,000
Total other liabilities	109,815,000			138,336,000
Total liabilities	842,379,000			844,455,000
Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	3,492,866,000			3,417,740,000
Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	0			0
Securities available for sale	25,825,000			25,995,000
Total other assets	32,640,000			29,979,000
Total assets	58,465,000			55,974,000
Total other liabilities	4,788,000			5,310,000
Total liabilities	4,788,000			5,310,000
Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	0			0
Securities available for sale	3,463,981,000			3,385,884,000
Total other assets	109,931,000			156,948,000
Total assets	4,702,473,000			4,686,691,000
Total other liabilities	100,217,000			128,301,000
Total liabilities	832,781,000			834,420,000
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans held-for-sale	26,525,000			232,487,000
Securities available for sale	3,060,000			5,861,000
Total other assets	2,158,000			3,197,000
Total assets	36,672,000			247,966,000
Total other liabilities	4,810,000			4,725,000
Total liabilities	4,810,000			4,725,000
U.S. treasuries
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	100,000			39,999,000
U.S. treasuries | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
U.S. treasuries | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	100,000			39,999,000
U.S. treasuries | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Government Agency Issued Mortgage-Backed Securities ("MBS")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	830,640,000			762,842,000
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	830,640,000			762,842,000
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	2,625,286,000			2,569,388,000
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	2,625,286,000			2,569,388,000
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Other U.S. Government Agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	1,560,000			2,061,000
Other U.S. Government Agencies | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Other U.S. Government Agencies | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Other U.S. Government Agencies | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	1,560,000			2,061,000
States And Municipalities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	9,455,000			15,155,000
States And Municipalities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
States And Municipalities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	7,955,000			13,655,000
States And Municipalities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	1,500,000			1,500,000
Venture Capital Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				2,300,000
Venture Capital Investments | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				0
Venture Capital Investments | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				0
Venture Capital Investments | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale				2,300,000
Equity, Mutual Funds, And Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	25,825,000			25,995,000
Equity, Mutual Funds, And Other | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	25,825,000			25,995,000
Equity, Mutual Funds, And Other | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Equity, Mutual Funds, And Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	0			0
Mortgage servicing rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	2,158,000			3,197,000
Mortgage servicing rights | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Mortgage servicing rights | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Mortgage servicing rights | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	2,158,000			3,197,000
Deferred Compensation Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	27,341,000			24,860,000
Deferred Compensation Assets | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	27,341,000			24,860,000
Deferred Compensation Assets | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Deferred Compensation Assets | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Derivatives, Forwards And Futures
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	5,299,000			5,119,000
Total other liabilities	4,788,000			5,310,000
Derivatives, Forwards And Futures | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	5,299,000			5,119,000
Total other liabilities	4,788,000			5,310,000
Derivatives, Forwards And Futures | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Total other liabilities	0			0
Derivatives, Forwards And Futures | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Total other liabilities	0			0
Derivatives, Interest Rate Contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	109,929,000			156,948,000
Total other liabilities	100,191,000			128,297,000
Derivatives, Interest Rate Contracts | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Total other liabilities	0			0
Derivatives, Interest Rate Contracts | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	109,929,000			156,948,000
Total other liabilities	100,191,000			128,297,000
Derivatives, Interest Rate Contracts | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0			0
Total other liabilities	0			0
Derivatives, Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	2,000
Total other liabilities	4,836,000			4,729,000
Derivatives, Other | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0
Total other liabilities	0			0
Derivatives, Other | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	2,000
Total other liabilities	26,000			4,000
Derivatives, Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total other assets	0
Total other liabilities	4,810,000			4,725,000
Fixed Income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	1,128,566,000			1,143,864,000
Total trading liabilities - fixed income	732,564,000			706,119,000
Fixed Income | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	1,128,561,000			1,143,859,000
Total trading liabilities - fixed income	732,564,000			706,119,000
Fixed Income | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	5,000			5,000
Total trading liabilities - fixed income	0			0
Fixed Income | U.S. treasuries
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	109,998,000			235,389,000
Total trading liabilities - fixed income	406,879,000			479,210,000
Fixed Income | U.S. treasuries | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | U.S. treasuries | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	109,998,000			235,389,000
Total trading liabilities - fixed income	406,879,000			479,210,000
Fixed Income | U.S. treasuries | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	327,082,000			195,911,000
Total trading liabilities - fixed income	1,486,000			1,092,000
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	327,082,000			195,911,000
Total trading liabilities - fixed income	1,486,000			1,092,000
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO")
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	146,675,000			175,799,000
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	146,675,000			175,799,000
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Fixed Income | Other U.S. Government Agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	83,416,000			71,228,000
Total trading liabilities - fixed income	25,036,000			11,167,000
Fixed Income | Other U.S. Government Agencies | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | Other U.S. Government Agencies | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	83,416,000			71,228,000
Total trading liabilities - fixed income	25,036,000			11,167,000
Fixed Income | Other U.S. Government Agencies | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | States And Municipalities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	64,597,000			41,144,000
Total trading liabilities - fixed income				3,216,000
Fixed Income | States And Municipalities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income				0
Fixed Income | States And Municipalities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	64,597,000			41,144,000
Total trading liabilities - fixed income				3,216,000
Fixed Income | States And Municipalities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income				0
Fixed Income | Corporate And Other Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	393,196,000			402,353,000
Total trading liabilities - fixed income	299,163,000			211,434,000
Fixed Income | Corporate And Other Debt | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Total trading liabilities - fixed income	0			0
Fixed Income | Corporate And Other Debt | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	393,191,000			402,348,000
Total trading liabilities - fixed income	299,163,000			211,434,000
Fixed Income | Corporate And Other Debt | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	5,000			5,000
Total trading liabilities - fixed income	0			0
Fixed Income | Equity, Mutual Funds, And Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	3,602,000			22,040,000
Fixed Income | Equity, Mutual Funds, And Other | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Fixed Income | Equity, Mutual Funds, And Other | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	3,602,000			22,040,000
Fixed Income | Equity, Mutual Funds, And Other | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	4,924,000			6,416,000
Mortgage Banking | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	4,924,000			6,416,000
Mortgage Banking | Certificated Principal Only
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	3,740,000			4,707,000
Mortgage Banking | Certificated Principal Only | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Certificated Principal Only | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Certificated Principal Only | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	3,740,000			4,707,000
Mortgage Banking | Interest Only Trading Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	78,000			322,000
Mortgage Banking | Interest Only Trading Securities | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Interest Only Trading Securities | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Interest Only Trading Securities | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	78,000			322,000
Mortgage Banking | Subordinated Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	1,106,000			1,387,000
Mortgage Banking | Subordinated Bonds | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Subordinated Bonds | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	0			0
Mortgage Banking | Subordinated Bonds | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Trading securities	$ 1,106,000			$ 1,387,000

[1] Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

[2] Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes .

XML

Consolidated Statements Of Cash Flow (Parenthetical) - USD ($)		6 Months Ended
		Jun. 30, 2015
Shares repurchased under the share repurchase program, value	[1]	$ 20,031,000
Stock Repurchase Authorization
Shares repurchased under the share repurchase program, value		$ 15,800,000

[1] 2015 includes $ 15.8 million repurchased under the share repurchase program launched in January 2014.

XML

Loans (Accruing And Non-Accruing Loans By Class) (Details) - USD ($)		Jun. 30, 2015		Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		$ 16,936,772,000	[1]	$ 16,230,166,000	$ 15,795,709,000
Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		9,788,990,000			8,354,487,000
Total Non-Accruing		43,573,000			48,349,000
Loans, net of unearned income		9,832,563,000		9,007,286,000	8,402,836,000
Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		4,755,746,000			5,088,008,000
Total Non-Accruing		114,525,000			130,922,000
Loans, net of unearned income	[2]	4,870,271,000		5,048,071,000	5,218,930,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		1,388,969,000			1,217,533,000
Total Non-Accruing		11,746,000			13,980,000
Loans, net of unearned income		1,400,715,000		1,277,717,000	1,231,513,000
Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		455,206,000			556,978,000
Total Non-Accruing		32,473,000			37,023,000
Loans, net of unearned income		487,679,000		538,961,000	594,001,000
Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		344,795,000			347,087,000
Total Non-Accruing		749,000			1,342,000
Loans, net of unearned income		345,544,000		$ 358,131,000	348,429,000
General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		7,679,015,000			6,911,291,000
Total Non-Accruing		30,669,000			44,696,000
Loans, net of unearned income		7,709,684,000			6,955,987,000
Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		1,799,546,000			1,101,149,000
Total Non-Accruing		119,000			133,000
Loans, net of unearned income		1,799,665,000			1,101,282,000
TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		305,382,000	[3]		335,267,000	[4]
Total Non-Accruing		12,785,000	[3]		3,520,000	[4]
Loans, net of unearned income		318,167,000	[3]		338,787,000	[4]
LOCOM valuation allowance		26,200,000			26,200,000
Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		1,347,356,000			1,142,796,000
Total Non-Accruing		11,746,000			11,531,000
Loans, net of unearned income		1,359,102,000			1,154,327,000
Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		19,237,000			39,429,000
Total Non-Accruing		0			2,449,000
Loans, net of unearned income		19,237,000			41,878,000
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		2,182,369,000			2,577,619,000
Total Non-Accruing		80,131,000			88,471,000
Loans, net of unearned income		2,262,500,000			2,666,090,000
R E Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		2,570,957,000			2,509,614,000
Total Non-Accruing		34,394,000			42,451,000
Loans, net of unearned income		2,605,351,000			2,552,065,000
Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		185,207,000			187,588,000
Total Non-Accruing		0			0
Loans, net of unearned income		185,207,000			187,588,000
Other Consumer Loans Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		159,580,000			159,487,000
Total Non-Accruing		749,000			1,342,000
Loans, net of unearned income		160,329,000			160,829,000
C&I Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		5,047,000			6,780,000
Total Non-Accruing		0			0
Loans, net of unearned income		5,047,000			6,780,000
CRE Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		22,376,000			35,308,000
Total Non-Accruing		0			0
Loans, net of unearned income		22,376,000			35,308,000
RE Installment Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		2,420,000			775,000
Total Non-Accruing		0			0
Loans, net of unearned income		2,420,000			775,000
Other Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Accruing		8,000			12,000
Total Non-Accruing		0			0
Loans, net of unearned income		8,000			12,000
Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		16,662,261,000			15,471,259,000
30-89 Days Past Due		48,924,000			61,656,000
90+ Days Past Due		22,521,000			31,178,000
Total Accruing		16,733,706,000			15,564,093,000
Accruing | Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		9,781,398,000			8,338,740,000
30-89 Days Past Due		6,700,000			13,811,000
90+ Days Past Due		892,000			1,936,000
Accruing | Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		4,709,869,000			5,039,406,000
30-89 Days Past Due		31,416,000			31,036,000
90+ Days Past Due		14,461,000			17,566,000
Accruing | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		1,385,792,000			1,204,008,000
30-89 Days Past Due		3,039,000			8,303,000
90+ Days Past Due		138,000			5,222,000
Accruing | Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		444,187,000			546,846,000
30-89 Days Past Due		5,450,000			5,559,000
90+ Days Past Due		5,569,000			4,573,000
Accruing | Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		341,015,000			342,259,000
30-89 Days Past Due		2,319,000			2,947,000
90+ Days Past Due		1,461,000			1,881,000
Accruing | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		7,673,986,000			6,900,880,000
30-89 Days Past Due		4,830,000			9,707,000
90+ Days Past Due		199,000			704,000
Accruing | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		1,797,877,000			1,097,367,000
30-89 Days Past Due		1,669,000			3,782,000
90+ Days Past Due		0			0
Accruing | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		305,382,000	[3]		335,267,000	[4]
30-89 Days Past Due		0	[3]		0	[4]
90+ Days Past Due		0	[3]		0	[4]
Accruing | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		1,344,440,000			1,134,752,000
30-89 Days Past Due		2,916,000			8,044,000
90+ Days Past Due		0			0
Accruing | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		19,114,000			39,429,000
30-89 Days Past Due		123,000			0
90+ Days Past Due		0			0
Accruing | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		2,150,344,000			2,548,170,000
30-89 Days Past Due		22,240,000			19,772,000
90+ Days Past Due		9,785,000			9,677,000
Accruing | R E Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		2,557,513,000			2,490,461,000
30-89 Days Past Due		9,172,000			11,264,000
90+ Days Past Due		4,272,000			7,889,000
Accruing | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		182,477,000			184,014,000
30-89 Days Past Due		1,446,000			2,010,000
90+ Days Past Due		1,284,000			1,564,000
Accruing | Other Consumer Loans Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		158,530,000			158,233,000
30-89 Days Past Due		873,000			937,000
90+ Days Past Due		177,000			317,000
Accruing | C&I Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		4,153,000			5,226,000
30-89 Days Past Due		201,000			322,000
90+ Days Past Due		693,000			1,232,000
Accruing | CRE Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		22,238,000			29,827,000
30-89 Days Past Due		0			259,000
90+ Days Past Due		138,000			5,222,000
Accruing | RE Installment Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		2,012,000			775,000
30-89 Days Past Due		4,000			0
90+ Days Past Due		404,000			0
Accruing | Other Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		8,000			12,000
30-89 Days Past Due		0			0
90+ Days Past Due		0			0
Non-Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		123,200,000			136,142,000
30-89 Days Past Due		13,674,000			16,283,000
90+ Days Past Due		66,192,000			79,191,000
Total Non-Accruing		203,066,000			231,616,000
Non-Accruing | Commercial Financial And Industrial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		13,781,000			13,105,000
30-89 Days Past Due		2,536,000			3,850,000
90+ Days Past Due		27,256,000			31,394,000
Non-Accruing | Consumer Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		92,639,000			104,534,000
30-89 Days Past Due		7,116,000			8,890,000
90+ Days Past Due		14,770,000			17,498,000
Non-Accruing | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		1,285,000			1,568,000
30-89 Days Past Due		2,041,000			133,000
90+ Days Past Due		8,420,000			12,279,000
Non-Accruing | Permanent Mortgage Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		15,495,000			16,935,000
30-89 Days Past Due		1,981,000			3,410,000
90+ Days Past Due		14,997,000			16,678,000
Non-Accruing | Credit Card And Other Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		749,000			1,342,000
Non-Accruing | General C I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		13,781,000			13,105,000
30-89 Days Past Due		2,536,000			3,850,000
90+ Days Past Due		14,352,000			27,741,000
Non-Accruing | Loans To Mortgage Companies [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		119,000			133,000
Non-Accruing | TRUPs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0	[3]		0	[4]
30-89 Days Past Due		0	[3]		0	[4]
90+ Days Past Due		12,785,000	[3]		3,520,000	[4]
Non-Accruing | Income C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		1,285,000			271,000
30-89 Days Past Due		2,041,000			133,000
90+ Days Past Due		8,420,000			11,127,000
Non-Accruing | Residential C R E [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			1,297,000
30-89 Days Past Due		0			0
90+ Days Past Due		0			1,152,000
Non-Accruing | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		65,345,000			71,653,000
30-89 Days Past Due		5,243,000			5,888,000
90+ Days Past Due		9,543,000			10,930,000
Non-Accruing | R E Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		27,294,000			32,881,000
30-89 Days Past Due		1,873,000			3,002,000
90+ Days Past Due		5,227,000			6,568,000
Non-Accruing | Credit Card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		0			0
Non-Accruing | Other Consumer Loans Class
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		749,000			1,342,000
Non-Accruing | C&I Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		0			0
Non-Accruing | CRE Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		0			0
Non-Accruing | RE Installment Purchase Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		0			0
Non-Accruing | Other Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current		0			0
30-89 Days Past Due		0			0
90+ Days Past Due		$ 0			$ 0

[1] June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.

[2] (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

[3] Total TRUPS i nclude s LOCOM valuation allowance of $26.2 million.

[4] Total TRUPS i nclu des LOCOM valuation allowance of $ 26.2 million.

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Derivative Assets And Collateral Received (Details) - USD ($)		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Derivative [Line Items]
Gross amounts of recognized assets		$ 115,230,000	$ 134,088,000	$ 162,067,000
Derivative Assets not subject to master netting agreements		5,400,000		5,100,000
Derivatives, Interest Rate Contracts | Subject to Master Netting Agreements
Derivative [Line Items]
Gross amounts of recognized assets	[1]	109,874,000		156,919,000
Gross amounts offset in the Statement of Condition	[1]	0		0
Net amounts of assets presented in the Statement of Condition	[1],[2]	109,874,000		156,919,000
Derivative liabilities available for offset	[1]	(15,750,000)		(26,475,000)
Collateral Received	[1]	(93,656,000)		(129,064,000)
Net amount	[1]	$ 468,000		$ 1,380,000

[1] 201 5 and 2014 are comprised entirely of interest rate derivative contracts.

[2] In cluded in Derivative a ssets on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 5 . 4 million and $ 5.1 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.

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Earnings Per Share (Schedule Of Reconciliation Of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net income/(loss)	$ 54,957,000	$ 81,929,000	$ (17,448,000)	$ 131,908,000
Net income attributable to noncontrolling interest	2,851,000	2,859,000	5,609,000	5,672,000
Net income/(loss) attributable to controlling interest	52,106,000	79,070,000	(23,057,000)	126,236,000
Preferred stock dividends	1,550,000	1,550,000	3,100,000	3,100,000
Net income/(loss) available to common shareholders	$ 50,556,000	$ 77,520,000	$ (26,157,000)	$ 123,136,000
Weighted average common shares outstanding - basic	232,800,000	235,797,000	232,808,000	235,492,000
Effect of dilutive securities	1,869,000	1,453,000	0	1,833,000
Weighted average common shares outstanding - diluted	234,669,000	237,250,000	232,808,000	237,325,000
Net income/(loss) per share available to common shareholders	$ 0.22	$ 0.33	$ (0.11)	$ 0.52
Diluted income/(loss) per share	$ 0.22	$ 0.33	$ (0.11)	$ 0.52

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Financial Information (Policy)

6 Months Ended

Jun. 30, 2015

Financial Information [Abstract]

Basis Of Accounting

Basis of Accounting. The unaudited interim consolidated condensed financial statements of First Horizon National Corporation (“FHN”),

including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results. In the opinion of management, all necessary adjustments have been made for a fair presentation of financial position and results of operations for the periods presented. These adjustments are of a normal recurring nature unless otherwise disclosed in this Quarterly Report on Form 10-Q. The operating results for the interim 2015 periods are not necessarily indicative of the results that may be expected going forward. For further information, refer to the audited consolidated financial statements which were included in the 2014 Annual Report to shareholders, and which were filed as part of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014.

Summary of Accounting Changes

Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense/(benefit). A reporting entity should evaluate whether the conditions have been met to apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014.

Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Condensed Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Condensed Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provision/(benefit) for income taxes on the Consolidated Condensed Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable.

In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity is required to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity should apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN adopted the requirements of ASU 2014-04 prospectively and this did not have a material effect on FHN’s statements of condition, results of operation or cash flows.

In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mortgage Loan upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN adopted the requirements for ASU 2014-14 prospectively for transactions occurring after its effective date and this did not have a material effect on FHN’s statement of condition, results of operation or cash flows.

In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase transactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not execute repurchase-to maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. FHN revised its disclosures upon adoption of ASU 2014-11.

Accounting Changes Issued but Not Currently Effective

Accounting Changes Issued but Not Currently Effective

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The effective date of ASU 2014-09 has been deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application as of the original effective date of annual reporting periods beginning after December 15, 2016, and associated interim periods is permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical expedients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices.

In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achievement of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN.

In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2016 and all interim and annual periods thereafter. The provisions of ASU 2014-15 are not anticipated to affect FHN.

In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis.” ASU 2015-02 revises current consolidation guidance to modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities. ASU 2015-02 also eliminates the presumption that a general partner should consolidate a limited partnership, revises the consolidation analysis for reporting entities that have fee arrangements and related party relationships with variable interest entities, and provides a scope exception for entities with interests in registered money market funds. ASU 2015-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. FHN has evaluated the provisions of ASU 2015-02 on its consolidation assessments and there will not be a significant effect upon adoption.

In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct reduction from the carrying value of that debt liability, consistent with debt discounts. ASU 2015-03 requires application on a retrospective basis, with prior periods revised to reflect the effects of adoption. ASU 2015-03 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Consistent with current requirements, FHN currently classifies debt issuance costs within Other assets in the Consolidated Condensed Statements of Condition. ASU 2015-03 will have no effect on the recognition of interest expense.

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Business Segment Information (Amounts Of Consolidated Revenue, Expense, Tax And Assets) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net interest income	$ 166,640,000	$ 156,768,000	$ 323,506,000	$ 309,127,000
Provision for loan losses	2,000,000	5,000,000	7,000,000	15,000,000
Noninterest income	130,301,000	126,901,000	259,990,000	272,631,000
Noninterest expense	218,394,000	163,162,000	594,615,000	381,206,000
Income/(loss) before income taxes	76,547,000	115,507,000	(18,119,000)	185,552,000
Provision/(benefit) for income taxes	21,590,000	33,578,000	(671,000)	53,644,000
Net income/(loss)	54,957,000	81,929,000	(17,448,000)	131,908,000
Average assets	25,414,048,000	23,647,298,000	25,528,689,000	23,778,347,000
Regional Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	165,908,000	148,675,000	320,317,000	290,701,000
Provision for loan losses	17,078,000	8,425,000	21,993,000	21,415,000
Noninterest income	65,989,000	66,227,000	126,193,000	126,219,000
Noninterest expense	144,203,000	132,996,000	279,983,000	265,539,000
Income/(loss) before income taxes	70,616,000	73,481,000	144,534,000	129,966,000
Provision/(benefit) for income taxes	24,996,000	26,070,000	51,377,000	46,153,000
Net income/(loss)	45,620,000	47,411,000	93,157,000	83,813,000
Average assets	15,023,869,000	13,053,129,000	14,628,188,000	12,835,470,000
Fixed Income [Member]
Segment Reporting Information [Line Items]
Net interest income	4,297,000	2,587,000	8,620,000	6,063,000
Noninterest income	56,001,000	47,564,000	117,566,000	104,323,000
Noninterest expense	51,214,000	116,000	105,897,000	52,714,000
Income/(loss) before income taxes	9,084,000	50,035,000	20,289,000	57,672,000
Provision/(benefit) for income taxes	3,171,000	19,143,000	7,338,000	21,986,000
Net income/(loss)	5,913,000	30,892,000	12,951,000	35,686,000
Average assets	2,416,132,000	2,074,593,000	2,431,118,000	2,056,581,000
Corporate [Member]
Segment Reporting Information [Line Items]
Net interest income	(17,376,000)	(11,968,000)	(33,460,000)	(21,891,000)
Noninterest income	3,901,000	5,215,000	9,286,000	18,430,000
Noninterest expense	13,770,000	13,532,000	27,939,000	30,859,000
Income/(loss) before income taxes	(27,245,000)	(20,285,000)	(52,113,000)	(34,320,000)
Provision/(benefit) for income taxes	(15,882,000)	(16,369,000)	(27,522,000)	(26,997,000)
Net income/(loss)	(11,363,000)	(3,916,000)	(24,591,000)	(7,323,000)
Average assets	5,565,279,000	5,341,568,000	5,987,666,000	5,595,768,000
Non Strategic [Member]
Segment Reporting Information [Line Items]
Net interest income	13,811,000	17,474,000	28,029,000	34,254,000
Provision for loan losses	(15,078,000)	(3,425,000)	(14,993,000)	(6,415,000)
Noninterest income	4,410,000	7,895,000	6,945,000	23,659,000
Noninterest expense	9,207,000	16,518,000	180,796,000	32,094,000
Income/(loss) before income taxes	24,092,000	12,276,000	(130,829,000)	32,234,000
Provision/(benefit) for income taxes	9,305,000	4,734,000	(31,864,000)	12,502,000
Net income/(loss)	14,787,000	7,542,000	(98,965,000)	19,732,000
Average assets	$ 2,408,768,000	$ 3,178,008,000	$ 2,481,717,000	$ 3,290,528,000

XML

Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Business Segment Information [Abstract]

Amounts Of Consolidated Revenue, Expense, Tax And Assets

		Three Months Ended			Six Months Ended
		June 30			June 30
(Dollars in thousands)	2015		2014		2015		2014
Consolidated
Net interest income	$	166,640	$	156,768	$	323,506	$	309,127
Provision for loan losses		2,000		5,000		7,000		15,000
Noninterest income		130,301		126,901		259,990		272,631
Noninterest expense		218,394		163,162		594,615		381,206
Income/(loss) before income taxes		76,547		115,507		(18,119)		185,552
Provision/(benefit) for income taxes		21,590		33,578		(671)		53,644
Net income/(loss)	$	54,957	$	81,929	$	(17,448)	$	131,908
Average assets	$	25,414,048	$	23,647,298	$	25,528,689	$	23,778,347
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

	Three Months Ended				Six Months Ended
	June 30				June 30
(Dollars in thousands)	2015		2014		2015		2014
Regional Banking
Net interest income	$	165,908	$	148,675	$	320,317	$	290,701
Provision/(provision credit) for loan losses		17,078		8,425		21,993		21,415
Noninterest income		65,989		66,227		126,193		126,219
Noninterest expense		144,203		132,996		279,983		265,539
Income/(loss) before income taxes		70,616		73,481		144,534		129,966
Provision/(benefit) for income taxes		24,996		26,070		51,377		46,153
Net income/(loss)	$	45,620	$	47,411	$	93,157	$	83,813
Average assets	$	15,023,869	$	13,053,129	$	14,628,188	$	12,835,470

Fixed Income
Net interest income	$	4,297	$	2,587	$	8,620	$	6,063
Noninterest income		56,001		47,564		117,566		104,323
Noninterest expense		51,214		116		105,897		52,714
Income/(loss) before income taxes		9,084		50,035		20,289		57,672
Provision/(benefit) for income taxes		3,171		19,143		7,338		21,986
Net income/(loss)	$	5,913	$	30,892	$	12,951	$	35,686
Average assets	$	2,416,132	$	2,074,593	$	2,431,118	$	2,056,581

Corporate
Net interest income/(expense)	$	(17,376)	$	(11,968)	$	(33,460)	$	(21,891)
Noninterest income		3,901		5,215		9,286		18,430
Noninterest expense		13,770		13,532		27,939		30,859
Income/(loss) before income taxes		(27,245)		(20,285)		(52,113)		(34,320)
Provision/(benefit) for income taxes		(15,882)		(16,369)		(27,522)		(26,997)
Net income/(loss)	$	(11,363)	$	(3,916)	$	(24,591)	$	(7,323)
Average assets	$	5,565,279	$	5,341,568	$	5,987,666	$	5,595,768

Non-Strategic
Net interest income	$	13,811	$	17,474	$	28,029	$	34,254
Provision/(provision credit) for loan losses		(15,078)		(3,425)		(14,993)		(6,415)
Noninterest income		4,410		7,895		6,945		23,659
Noninterest expense		9,207		16,518		180,796		32,094
Income/(loss) before income taxes		24,092		12,276		(130,829)		32,234
Provision/(benefit) for income taxes		9,305		4,734		(31,864)		12,502
Net income/(loss)	$	14,787	$	7,542	$	(98,965)	$	19,732
Average assets	$	2,408,768	$	3,178,008	$	2,481,717	$	3,290,528

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

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Contingencies And Other Disclosures

6 Months Ended

Jun. 30, 2015

Commitments And Contingencies Disclosure Abstract

Contingencies And Other Disclosures

Note 10 – Contingencies and Other Disclosures

Contingencies

General

Contingent liabilities arise in the ordinary course of business. Often they are related to lawsuits, arbitration, mediation, and other forms of litigation. Various litigation matters are threatened or pending against FHN and its subsidiaries. Also, FHN at times receives requests for information, subpoenas, or other inquiries from federal, state, and local regulators, from other government authorities, and from other parties concerning various matters relating to FHN’s current or former lines of business. Certain matters of that sort are pending at this time, and FHN is cooperating in those matters. Pending and threatened litigation matters sometimes are resolved in court or before an arbitrator, and sometimes are settled by the parties. Regardless of the manner of resolution, frequently the most significant changes in status of a matter occur over a short time period, often following a lengthy period of little substantive activity. In view of the inherent difficulty of predicting the outcome of these matters, particularly where the claimants seek very large or indeterminate damages, or where the cases present novel legal theories or involve a large number of parties, or where claims or other actions may be possible but have not been brought, FHN cannot reasonably determine what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters may be, or what the eventual loss or impact related to each matter may be. FHN establishes loss contingency liabilities for litigation matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance requires a liability to be established at the low end of the range.

Based on current knowledge, and after consultation with counsel, management is of the opinion that loss contingencies related to threatened or pending litigation matters should not have a material adverse effect on the consolidated financial condition of FHN, but may be material to FHN’s operating results for any particular reporting period depending, in part, on the results from that period.

Litigation – Loss Contingencies

As used in this Note, "material loss contingency matters" generally fall into at least one of the following categories: (i) FHN has determined material loss to be probable and has established a material loss liability in accordance with applicable financial accounting guidance, other than matters reported as having been substantially settled or otherwise substantially resolved; (ii) FHN has determined material loss to be probable but is not reasonably able to estimate an amount or range of material loss liability; or (iii) FHN has determined that material loss is not probable but is reasonably possible, and that the amount or range of that material loss is estimable. As defined in applicable accounting guidance, loss is reasonably possible if there is more than a remote chance of a material loss outcome for FHN. Set forth below are disclosures for certain pending or threatened litigation matters, including all matters mentioned in (i) or (ii) and certain matters mentioned in (iii). In addition, certain other matters are discussed relating to FHN's former mortgage origination and servicing businesses. In all litigation matters discussed, unless settled or otherwise resolved, FHN believes it has meritorious defenses and intends to pursue those defenses vigorously.

FHN reassesses the liability for litigation matters each quarter as the matters progress. At June 30, 2015, the aggregate amount of liabilities established for all material loss contingency matters was $6.3 million. The liabilities discussed in this paragraph are separate from those discussed under the heading "Established Repurchase Liability" below.

In each material loss contingency matter, except as otherwise noted, there is a more than slight chance that each of the following outcomes will occur: the plaintiff will substantially prevail; the defense will substantially prevail; the plaintiff will prevail in part; or the matter will be settled by the parties. At June 30, 2015, FHN estimates that for all material loss contingency matters, estimable reasonably possible losses in future periods in excess of currently established liabilities could aggregate in a range from zero to approximately $75million.

As a result of the general uncertainties discussed above and the specific uncertainties discussed for each matter mentioned below, it is possible that the ultimate future loss experienced by FHN for any particular matter may materially exceed the amount, if any, of currently established liability for that matter. That possibility exists both for matters included in the estimated reasonable possible loss (“RPL”) range mentioned above and for matters not included in that range.

Certain Matters Included in Reasonably Possible LossRange

Debit Transaction Sequencing Litigation Matter.FTBNA is a defendant in a putative class action lawsuit concerning overdraft fees charged in connection with debit card transactions. A key claim is that the method used to order or sequence the transactions posted each day was improper. The case is styled as Hawkins v. First Tennessee Bank National Association, before the Circuit Court for Shelby County, Tennessee, Case No. CT-004085-11. The plaintiff seeks actual damages of at least $5 million, unspecified restitution of fees charged, and unspecified punitive damages, among other things. FHN's estimate of RPL for this matter is subject to significant uncertainties regarding: whether a class will be certified and, if so, the definition of the class; claims as to which no dollar amount is specified; the potential remedies that might be available or awarded; the ultimate outcome of potentially significant motions such as motions to dismiss, or for summary judgment; and the incomplete status of the discovery process.

RPL-Included First Horizon Branded Mortgage Securitization Litigation Matters.Several pending litigation matters are discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below. For certain of those FHN has been able to estimate RPL. Those estimable matters are the Charles Schwab, FDIC (NY), and FDIC (AL) cases. The estimates for those matters are included in the RPL range discussed above. The RPL estimates are subject to significant uncertainties regarding: the dollar amounts claimed; the potential remedies that might be available or awarded; the outcome of any settlement discussions; the outcome of potentially significant motions; the availability of significantly dispositive defenses; the incomplete status of the discovery process; and the lack of precedent claims.

Certain Matters Not Included in Reasonably Possible Loss Range

Several pending litigation matters are discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below. For certain of those FHN has been able to estimate RPL as mentioned in the preceding paragraph, and for others FHN has not. Those matters for which RPL currently is not estimable are the FHLB of San Francisco, Metropolitan Life, Royal Park, Integra REC and Tennessee Consolidated Retirement System indemnity cases. FHN is unable to estimate an RPL range due to significant uncertainties regarding: claims as to which the claimant specifies no dollar amount; the potential remedies that might be available or awarded; the availability of significantly dispositive defenses such as statutes of limitations or repose; the outcome of potentially dispositive early-stage motions such as motions to dismiss; the identity and value of assets that FHN may be required to repurchase for those claims seeking asset repurchase; the incomplete status of the discovery process; the lack of a precise statement of damages; and lack of precedent claims.

Litigation – Gain Contingencies

In second quarter 2015 FHN reached an agreement with the U.S. Department of Justice (“DOJ”) and the Office of the Inspector General for the Department of Housing and Urban Development ("HUD”) to settle potential claims related to FHN’s underwriting and origination of loans insured by the Federal Housing Administration (“FHA”). Under that agreement FHN paid $212.5 million. FHN believes that certain insurance policies, having an aggregate policy limit of $75 million, provide coverage for FHN’s losses and related costs. The insurers have denied and/or reserved rights to deny coverage. FHN has brought suit against the insurers to enforce the policies under Tennessee law. In connection with this litigation the previously recognized expenses associated with the settled matter may be recouped in part. Under applicable financial accounting guidance FHN has determined that although material gain from this litigation is not probable there is more than a slight chance of a material gain outcome for FHN. FHN cannot determine a probable outcome that may result from this matter because of the uncertainty of the potential outcomes of the legal proceedings and also due to significant uncertainties regarding: legal interpretation of the relevant contracts; potential remedies that might be available or awarded; and lack of discovery.

First Horizon Branded Mortgage Securitization Litigation Matters

Prior to September 2008 FHN originated and sold home loan products through various channels and conducted its servicing business under the First Horizon Home Loans and First Tennessee Mortgage Servicing brands. Those sales channels included the securitization of loans into pools held by trustees and the sale of the resulting securities, sometimes called “certificates,” to investors. These activities are discussed in more detail below under the heading “Legacy Home Loan Sales and Servicing.”

At the time this report is filed, FHN, along with multiple co-defendants, is defending several lawsuits brought by investors which claim that the offering documents under whichcertificates relating to First Horizon branded securitizations ("FH proprietary securitizations") were sold to them were materially deficient. The plaintiffs and venues of these suits are: (1) Charles Schwab Corp. in the Superior Court of San Francisco, California (Case No. 10-501610); (2) Federal Deposit Insurance Corporation ("FDIC") as receiver for Colonial Bank, in the U.S. District Court for the Middle District of Alabama (Case No. CV-12-791-WKW-WC); and (3) FDIC as receiver for Colonial Bank, in the U.S. District Court for the Southern District of New York (Case No. 12 Civ. 6166 (LLS)(MHD)). The plaintiffs in the pending suits claim to have purchasedcertificates in a number of separate FH proprietarysecuritizations and demand that FHN repurchase their investments, or answer in damages or rescission, among other remedies sought.

In some of the pending suits underwriters are co-defendants and have demanded, under provisions in the applicable underwriting agreements, that FHN indemnify them for their expenses and any losses they may incur. In addition, FHN has received indemnity demands from underwriters in certain other suits as to which investors claim to have purchased certificates in FH proprietary securitizations. FHN has not been named a defendant in these suits, which FHN is defending indirectly as indemnitor. The plaintiffs and venues of theseother indemnity-only suitsare: (4) FHLB of San Francisco, in the Superior Court of San Francisco County, California (Case No. CGC-10-497840); (5) Metropolitan Life Insurance Co., in the Supreme Court of New York County, New York (No. 651360-2012); (6) Royal Park Invs. SA/NV, in the Supreme Court of New York County, New York (No. 652607-2012); (7) Commonwealth of Virginia ex rel. Integra REC LLC, in the Circuit Court for the City of Richmond (No. CL14-399); and (8) Tennessee Consolidated Retirement System, in the Chancery Court for Davidson County, Tennessee (No. 13-1729-II).

Details concerning the original purchase amounts and ending balances of the investments at issue in most of these pending suits, as to which FHN is a named defendant or as to which FHN has an agreement to indemnify an underwriter defendant, are set forth below.Information about the performance of the FH proprietary securitizations related to these suits is available in monthly reports published by the trustee for the securitization trusts. FHN believes that certain plaintiffs did not purchase the entire certificate in the securitizations in which they invested.Reporting by the trustee is at a certificate level and, as a result, ending certificate balances in the following table were adjusted to reflect FHN's estimate of the ending balance of each partial certificate purchased by these plaintiffs.Plaintiffs in the pending lawsuits claim to have purchased a total of $195.7 million of certificates and the purchase prices of the certificates subject to the indemnification requests total $613.9 million.

(Dollars in thousands)		Alt-A		Jumbo
Vintage
Original Purchase Price:
	2005	$	202,417	$	-
	2006		325,613		32,540
	2007		199,012		50,000
	Total	$	727,042	$	82,540
Ending Balance per the June 25, 2015, trust statements:
	2005	$	46,314	$	-
	2006		82,097		7,614
	2007		79,024		14,020
	Total	$	207,435	$	21,634

If FHN were to repurchase certificates, it would recognize as a loss the difference between the amount paid (adjusted for any related litigation liability previously established) and the fair value of the certificates at that time.

The total ending certificate balance of the investments which are the subject of the current pending lawsuits was $229.1 million as reported on the June 25, 2015, trust statements, with approximately 85 percent of the remaining balances performing. Cumulative losses on the investments which are the subject of the remaining lawsuits, as reported on the trust statements, represent approximately 7 percent of the original principal amount underlying the certificates purchased. Ending certificate balances reflect the remaining principal balance on the certificates, after the monthly principal and interest distributions and after reduction for applicable cumulative and current realized losses.Recognized cumulative losses may not take into account all outstanding principal and interest amounts advanced by the servicer due to nonpayment by the borrowers; reimbursement of those advances to the servicer may increase cumulative losses. Losses often are reported by the trustee based on each certificate within a pool or group, which limits FHN’s ability to ascertain losses at the individual investor level.

As discussed below under “Legacy Home Loan Sales and Servicing,” other investors may attempt to pursue similar claims, and securitization trustees or other parties may attempt to pursue loan repurchase, make-whole, or indemnity claims. At June 30, 2015, except for the Charles Schwab case, FHN had not recognized a liability for exposure for investment rescission, loan repurchase, damages, or other actual or potential claims arising from FHN’s previous securitization and related activities.

Legacy Home Loan Sales and Servicing

Overview

Prior to September 2008, as a means to provide liquidity for its legacy mortgage banking business, FHN originated loans through its legacy mortgage business, primarily first lien home loans, with the intention of selling them. Sales typically were effected either as non-recourse whole-loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residential mortgage loans were sold predominantly to two government-sponsored entities (”GSEs”):the Federal National Mortgage Association ("Fannie Mae," "Fannie," or "FNMA"), and the Federal Home Loan Mortgage Corporation("Freddie Mac," "Freddie," or "FHLMC").Federally insured or guaranteed whole-loans were pooled, and payments to investors were guaranteed through the Government National Mortgage Association ("Ginnie Mae," "Ginnie," or "GNMA"). Collectively, Fannie Mae, Freddie Mac, and Ginnie Mae are referred to as the "Agencies." Many mortgage loan originations, especially those "nonconforming" mortgage loans that did not meet criteria for whole-loan sales to the GSEs or insurance through Ginnie Mae, were sold to investors, or certificate-holders, predominantly through First Horizon ("FH") branded proprietary securitizations but also, to a lesser extent, through whole-loan sales to private non-Agency purchasers. In addition, FHN originated with the intent to sell and sold HELOCs and second lien mortgages through whole-loan sales to private purchasers and, to a lesser extent, through FH proprietary securitizations.

On August 31, 2008 FHN sold its national mortgage origination and servicing platforms along with a portion of its servicing assets and obligations. This is sometimes referred to as the “2008 sale,” the “2008 divestiture,” the “platform sale,” or other similar terms. FHNcontracted to have its remaining servicing obligations sub-serviced. Since the 2008 platform sale FHN has sold substantially all remaining servicing assets and obligations.

FHN also sold certain Agency mortgage loans with full recourse under agreements to repurchase the loans upon default, and originated or underwrote mortgage loans under the FHA insurance program mentioned above or the Veteran’s Administration (“VA”) guaranty program. After the 2008 sale these lending activities continued but were substantially curtailed.

Agency Whole-Loan Sales

Even though Agency loans were sold without recourse for credit loss, FHN may be obligated to either repurchase a loan for the unpaid principal balance("UPB") or make the purchaser whole for the economic loss incurred if FHN breached representations or warranties made by FHN to the purchaser at the time of the sale. Such representations and warranties typically covered both substantive and process matters, such as the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers. Since the mortgage platform sale in 2008,Agencies, primarily the two GSEs, have accounted for the vast majority of repurchase/make-whole claims received.

In the fourth quarter of 2013 FHN entered into a definitive resolution agreement ("DRA") with Fannie Mae, and in the first quarter of 2014 FHN entered into a DRA with Freddie Mac, in each case resolving certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer serviced at the time of the DRA. Under each DRA, FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects and violations of the GSE's Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancellations, and denials. With respect to loans where there has been a prior bulk sale of servicing, FHN is not responsible for mortgage insurance cancellations and denials to the extent attributable to the acts of the current servicer.

As a result of the DRAs, the repurchase pipeline overall is smaller, and the proportion of GSE-related repurchase requests in the pipeline also is smaller, than in periods pre-dating the DRAs. FHN’s repurchase liability as of June 30, 2015 contemplates, among other things, estimates of FHN’s repurchase exposure related to loans excluded from the DRAs and estimates of FHN’s repurchase exposure related to certain other whole-loan sales. See "Other Whole-Loan Sales" and “Established Repurchase Liability” below for additional information.

Other Whole-Loan Sales

Prior to the 2008 divestiture FHN also sold first lien mortgage loans through whole-loan sales to non-Agency purchasers. FHN made contractual representations and warranties to the purchasers generally similar to those made to Agency purchasers. As of June 30, 2015, 51 percent of repurchase/make-whole claims in the repurchase pipeline relate to other whole-loan sales. These claims are included in FHN’s liability methodology and the assessment of the adequacy of the repurchase and foreclosure liability.

Many of these loans were included by the purchasers in their own securitizations, not using the First Horizon brand. FHN’s contractual representations and warranties to these loan purchasers generally included repurchase and indemnity covenants for losses and expenses applicable to the securitization caused by FHN’s breach. Currently the following categories of legal actions are pending which involve FHN and non-Agency whole-loan sales: (i) FHN has received indemnification requests from purchasers of loans or their assignees in cases where FHN is not a defendant; (ii) FHN has received subpoenas seeking loan reviews in cases where FHN is not a defendant; (iii) FHN has received repurchase or make-whole demands from purchasers or their assignees; and (iv) FHN is a defendant in certain legal actions involving FHN-originated loans. In some cases the loans to be reviewed, or which otherwise are at issue, have not been identified specifically. Assignees can include securitizers or securitization trustees, among others. A loan is included in the repurchase pipeline only when an identifiable demand for repurchase has been made outside of active litigation.

First Horizon Branded Proprietary Mortgage Securitizations

From 2005 through 2007 FHN originated and sold certain non-agency, nonconforming mortgage loans, consisting of Jumbo and Alternative-A (“Alt A”) first lien mortgage loans, to private investors through 80 proprietary securitization trusts under the FH brand. Securitized loans generally were sold indirectly to investors as interests, commonly known as certificates, in the trusts. The certificates were sold to a variety of investors, including GSEs in some cases, through securities offerings under a prospectus or other offering documents. In most cases, the certificates were tiered into different risk classes, with junior classes exposed to trust losses first and senior classes exposed after junior classes were exhausted. Through third quarter 2013, FHN continued to service substantially all of the remaining loans sold through FH proprietary securitizations. In 2013 FHN contracted to sell substantially all such servicing rights and obligations, with transfers occurring largely in fourth quarter 2013 and first quarter 2014. As of June 30, 2015, the aggregate remaining UPB in active FH proprietary securitizations from 2005 through 2007 was $5.5 billion consisting of $3.9 billion Alt-A mortgage loans and $1.7 billion Jumbo mortgage loans. No FH proprietary securitizations werecreated after 2007.

Representations and warranties were made to the securitization trustee, as the nominal purchaser of the loans, for the benefit of investors. As of June 30, 2015, the repurchase request pipeline contained no loan repurchase request related to FH proprietary first lien securitizations based on breaches of representations and warranties to the trustee.

FHN’s trustee is a defendant in a lawsuit in which the plaintiffs have asserted that the trustee has duties under federal law to review loans and otherwise act against FHN outside of the duties specified in the applicable trust documents. At June 30, 2015, FHN's trustee had made no claims against FHN and no litigation by the trustee was pending against FHN.

Interests in securitized loans were sold as securities under prospectuses or other offering documents subject to the disclosure requirements of applicable federal and state securities laws. An investor could pursue (and in certain cases mentioned above, has pursued and is pursuing) a claim alleging that the prospectus or other disclosure documents were deficient by containing materially false or misleading information or by omitting material information. FHN believes a new federal securities law claim cannot be brought at this time due to the running of applicable limitation periods, but other claims might still be possible. Claims of this sort are resolved in a litigation context, unlike FHN's GSE repurchase experience. FHN's analysis of loss content and establishment of appropriate liabilities in these cases follow principles and practices associated with litigation matters as discussed above; that process does not involve the repurchase pipeline and repurchase liability.

Other Government Entity Loan Reviews

Certain government entities acting on behalf of several purchasers of FH proprietary and other securitizations have subpoenaed information from FHN and others. The FHLB of San Francisco and FHLB of Atlanta have subpoenaed FHN for purposes of a loan origination review related to certain of their securitization investments. Collectively, the FHLB subpoenas seek information concerning a number of FH proprietary securitizations. In addition, the FDIC, acting on behalf of certain failed banks, has also subpoenaed FHN related to FH proprietary securitization investments by those institutions.

The FDIC and FHLB of San Francisco subpoenas also concern loans sold by FHN to non-Agency purchasers on a whole-loan basis which were included by those purchasers in non-FH securitizations. See "Other Whole-Loan Sales" above for additional information concerning loans originated and sold by FHN that were included in the purchasers' own securitizations. In addition, the FHLB of Seattle has subpoenaed FHN in connection with FHN-originated loans that were included in non-FH securitizations. The FDIC subpoena fails to identify the specific investments made by the failed banks. Other than the dollar amounts of those investments which are the subject of the FDIC's active litigation as receiver for Colonial Bank (discussed above), FHN has limited information regarding at least some of the loans under review or the dollar amounts invested in relation to the FDIC and FHLB subpoenas. The FDIC subpoenas partially overlap with the ongoing litigation matters mentioned above under "Litigation - Loss Contingencies."

There are limitations as to FHN's knowledge of the amount of FH proprietary securitizations investments that are subject to the FDIC and FHLB of San Francisco subpoenas. Since the reviews at this time are not repurchase claims, the associated loans are not considered part of the repurchase pipeline.

Private Mortgage Insurance

Private mortgage insurance (“MI”) was required by GSE rules for certain of the loans sold to GSEs and was also provided for certain of the loans that were securitized. MI generally was provided for the first lien loans sold or securitized having a loan-to-value ratio at origination of greater than 80 percent. Although unresolved MI cancellation notices related to GSE-owned loans are not formal repurchase requests, FHN includes these in the active repurchase request pipeline to the extent they relate to securitized loans or are excluded from the DRA settlements with the GSEs mentioned above.FHN tracks and monitors MI cancellation notices received when assessing the overall adequacy of FHN's repurchase liability.

Established Repurchase Liability

Based on currently available information and experience to date, FHN has evaluated its loan repurchase exposure and has accrued for losses of $117.2 million and $141.6 million as of June 30, 2015 and 2014, respectively, including a smaller amount related to equity-lending junior lien loan sales. FHN used all available information to estimate losses related to potential repurchase obligations not included in the DRAs including future MI rescissions, prior bulk servicing sales where FHN is no longer the directly responsible party but still has repurchase obligations, and obligations related to certain other loan sales, including repurchase obligations related to non-GSE loan sales. Additionally, FHN continues to monitor claims included in the active pipeline, historical repurchase rates, and loss severities. Accrued liabilities for FHN’s estimate of these obligations are reflected in Other liabilities on the Consolidated Condensed Statements of Condition. Charges to increase the liability are included within Repurchase and foreclosure provision on the Consolidated Condensed Statements of Income. The estimatesare based upon currently available information and fact patterns that exist as of the balance sheet dates and could be subject to future changes.Changes to any one of these factors could significantly impact the estimate of FHN's liability.

Servicing and Foreclosure Practices

After the 2008 platform sale a substantial portion of FHN's first lien portfolio was serviced through subservicing arrangements. FHN’s servicing activities, including foreclosure and loss mitigation practices, initially were outsourced through a subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). FHN entered into a replacement agreement in 2011 with a new subservicer (the “2011 subservicer”). Through third quarter 2013, FHN serviced a mortgage loan portfolio with an unpaid principal balance of approximately $15 billion as of September 30, 2013. In fourth quarter 2013 and first quarter 2014, FHN sold substantially all remaining servicing to the 2011 subservicer. As a result, the loan portfolio serviced by FHN at June 30, 2015 had an unpaid principal balance of $228.5 million. Servicing still retained by FHN continues to be subserviced by the 2011 subservicer.

FHN is subject to losses in its current and former loan servicing portfolio due to loan foreclosures. Foreclosure exposure arises from certain government agency agreements, as well as agreements with MI insurers, which limit the agency’s repayment guarantees on foreclosed loans and allow compensatory fees and penalties and curtailments of claims for violations of agreements or insurance policies, resulting in losses to the servicer. Foreclosure exposure also includes real estate costs, marketing costs, and costs to maintain properties.

In 2011 regulators entered into consent decreeswith several institutions, including FHN’s 2008 subservicer, requiring comprehensive revision of loan modification and foreclosure processes, including the remediation of borrowers that have experienced financial harm. In 2012 the 2008 subservicer, along with certain others, entered into a settlement agreement with the OCC which replaced the consent decree.

Under FHN’s 2008 subservicing agreement, the 2008 subservicer had the contractual right to follow FHN’s prior servicing practices as they existed 180 days prior to August 2008 until the 2008 subservicer became aware that such practices did not comply with applicable servicing requirements, subject to the subservicer’s obligation to follow accepted servicing practices, applicable law, and new requirements, including evolving interpretations of such practices, law and requirements. In the event of a dispute such as that described below between FHN and the 2008 subservicer over any liabilities for the subservicer’s servicing and management of foreclosure or loss mitigation processes, FHN cannot predict the loss that may be incurred.

FHN’s 2008 subservicer has presented invoices and made demands under the 2008 subservicing agreement that FHN pay certain costs related to tax service contracts, miscellaneous transfer costs, servicing timeline penalties, compensatory damages, and curtailments charged by GSEs and a government agency prior to FHN’s transfer of subservicing to its 2011 subservicer in the amount of $8.6 million. The 2008 subservicer also is seeking reimbursement from FHN for expenditures the 2008 subservicer has incurred or anticipates it will incur under the consent decree and supervisory guidance relating to foreclosure review (collectively, “foreclosure review expenditures”). The foreclosure review expenditures for which the 2008 subservicer has sought reimbursement total $34.9 million. Although the most recent request was made in 2012, additional reimbursement requests might be made. FHN disagrees with the 2008 subservicer's position and has made no reimbursements. In the event that the 2008 subservicer pursues its position through litigation, FHN believes it has meritorious defenses and intends to defend itself vigorously. FHN also believes that certain amounts billed to FHN by agencies for penalties and curtailments on claims by MI insurers for actions by the 2008 subservicer prior to the 2011 subservicing transfer but billed after that date are owed by the 2008 subservicer. This disagreement has the potential to result in litigation and, in any such future litigation, the claim against FHN may be substantial.

Other Disclosures - Visa Matters

FHN is a member of the Visa USA network. In October 2007, the Visa organization of affiliated entities completed a series of global restructuring transactions to combine its affiliated operating companies, including Visa USA, under a single holding company, Visa Inc. (“Visa”). Upon completion of the reorganization, the members of the Visa USA network remained contingently liable for certain Visa litigation matters (the "Covered Litigation"). Based on its proportionate membership share of Visa USA, FHN recognized a contingent liability in fourth quarter 2007 related to this contingent obligation. In March 2008, Visa completed its initial public offering (“IPO”) and funded an escrow account from its IPO proceeds to be used to make payments related to the Visa litigation matters. FHN received approximately 2.4 million Class B shares in conjunction with Visa’s IPO.

Conversion of these shares into Class A shares of Visa and, with limited exceptions, transfer of these shares is restricted until the final resolution of the covered litigation. In conjunction with the prior sales of Visa Class B shares in December 2010 and September 2011, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The conversion ratio is adjusted when Visa deposits funds into the escrow account to cover certain litigation.

In July 2012, Visa and MasterCard announced a joint settlement (the "Settlement") related to the Payment Card Interchange matter, one of the Covered Litigation matters. Based on the amount of the Settlement attributable to Visa and an assessment of FHN's contingent liability accrued for Visa litigation matters, the Settlement did not have a material impact on FHN. In September 2014, Visa funded $450 million into the escrow account, and as a result FHN made a payment to the derivative counterparty of $2.4 million in October 2014. As of June 30, 2015, the conversion ratio is 165 percent reflecting the Visa stock split in March 2015, and the contingent liability is $.8 million. Future funding of the escrow would dilute this exchange rate by an amount that is not determinable at present.

As of June 30, 2015 and 2014, the derivative liabilities were $4.8 million and $4.7 million, respectively.

FHN now holds approximately 1.1 million Visa Class B shares.FHN’s Visa shares are not considered to be marketable and therefore are included in the Consolidated Condensed Statements of Condition at their historical cost of $0. The Settlement has been approved by the court but that approval has been appealed by certain of the plaintiffs and a hearing has been scheduled for September 2015. Accordingly, the outcome of this matter remains uncertain. Additionally, other Covered Litigation matters are also pending judicial resolution, including new matters filed by class members who opted-out of the Settlement. So long as any Covered Litigation matter remains pending, FHN's ability to transfer its Visa holdings continues to be restricted.

Other Disclosures – Indemnification Agreements and Guarantees

In the ordinary course of business, FHN enters into indemnification agreements for legal proceedings against its directors and officers and standard representations and warranties for underwriting agreements, merger and acquisition agreements, loan sales, contractual commitments, and various other business transactions or arrangements. The extent of FHN’s obligations under these agreements depends upon the occurrence of future events; therefore, it is not possible to estimate a maximum potential amount of payouts that could be required with such agreements.