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Loans
 3 Months Ended
Mar. 31, 2016
Loans [Abstract]  
Loans

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of March 31, 2016 and 2015, and December 31, 2015:
  March 31December 31
(Dollars in thousands)   2016  2015  2015
Commercial:      
Commercial, financial, and industrial  $10,239,183  $9,638,355$10,436,390  
Commercial real estate  1,848,569  1,320,897  1,674,935
Retail:      
Consumer real estate (a)4,690,230  4,922,817  4,766,518  
Permanent mortgage442,791  511,708  454,123  
Credit card & other354,221  338,346  354,536  
Loans, net of unearned income$17,574,994  $16,732,123  $17,686,502  
Allowance for loan losses204,034  228,328210,242  
Total net loans  $17,370,960  $16,503,795  $17,476,260  

Balances as of March 31, 2016 and 2015, and December 31, 2015, include $47.8 million, $71.6 million, and $52.8 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 purchased credit-impaired (“PCI”) loans. Loans to mortgage companies include 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 (29 percent of total loans), the majority of which is in the consumer real estate segment (27 percent of total loans). Loans to finance and insurance companies total $2.2 billion (21 percent of the C&I portfolio, or 12 percent of the total loans). FHN had loans to mortgage companies totaling $1.5 billion (15 percent of the C&I segment, or 9 percent of total loans) as of March 31, 2016. As a result, 36 percent of the C&I segment was sensitive to impacts on the financial services industry.

Acquisition

On October 2, 2015, FHN completed its acquisition of TAF, and its wholly-owned bank subsidiary TAB. The acquisition included $298.1 million in unpaid principal balance of loans with a fair value of $281.9 million. Generally, the fair value for the acquired loans is estimated using a discounted cash flow analysis with significant unobservable inputs (Level 3) including adjustments for expected credit losses, prepayment speeds, current market rates for similar loans, and an adjustment for investor-required yield given product-type and various risk characteristics. See Note 2 - Acquisitions and Divestitures for additional information.

At acquisition, FHN designated certain loans as PCI with the remaining loans accounted for under ASC 310-20, "Nonrefundable Fees and Other Costs." For loans accounted for under ASC 310-20, the difference between each loan’s book value to TAB and the estimated fair value at the time of the acquisition will be accreted into interest income over its remaining contractual life and the subsequent accounting and reporting will be similar to a loan in FHN's originated portfolio.

Purchased Credit-Impaired Loans

The following table presents a rollforward of the accretable yield for the three months ended March 31, 2016 and 2015:
Three Months Ended
March 31
(Dollars in thousands)20162015
Balance, beginning of period$8,542$14,714
Accretion(1,151)(3,371)
Adjustment for payoffs(1,777)(1,336)
Adjustment for charge-offs(663)-
Increase in accretable yield (a)4,007461
Balance, end of period$8,958$10,468

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 March 31, 2016, the ALLL related to PCI loans was $1.1 million compared to $3.1 million at March 31, 2015. The loan loss provision expense for the three months ended March 31, 2016 was not material. There was a loan loss provision credit of $.2 million recognized during the three months ended March 31, 2015. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of March 31, 2016 and 2015, and December 31, 2015:
March 31, 2016March 31, 2015December 31, 2015
(Dollars in thousands)Carrying valueUnpaid balanceCarrying valueUnpaid balanceCarrying valueUnpaid balance
Commercial, financial and industrial $12,917$14,953$4,665$5,437$16,063$18,573
Commercial real estate 12,64516,70023,01329,20519,92925,504
Consumer real estate 3,4914,5121,9102,8973,6724,533
Credit card and other 53749125276
Total $29,106$36,239$29,597$37,551$39,716$48,686

Impaired Loans
The following tables provide information at March 31, 2016 and 2015, by class related to individually impaired loans and consumer TDRs. 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 net LOCOM have been excluded.
March 31, 2016
  Unpaid  AverageInterest
RecordedPrincipalRelatedRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognized
Impaired loans with no related allowance recorded:      
Commercial:      
General C&I$12,377  $19,620  $-$9,224  $-
Income CRE2,468  9,389  -2,468  -
Total$14,845  $29,009  $-$11,692  $-
Retail:      
HELOC (a)$11,024  $28,514  $-$10,921  $-
R/E installment loans (a)4,582  5,829  -4,434  -
Permanent mortgage (a)4,041  6,460  -4,436  -
Total$19,647  $40,803  $-$19,791  $-
Impaired loans with related allowance recorded:      
Commercial:      
General C&I$28,781  $32,664  $8,223$24,921  $87
TRUPS3,307  3,700  9253,323  -
Income CRE5,106  6,412  3835,138  20
Residential CRE1,376  1,844  1051,397  6
Total$38,570  $44,620  $9,636$34,779  $113
Retail:      
HELOC$87,726  $90,338  $15,678$88,580  $487
R/E installment loans58,796  60,147  15,44159,971  317
Permanent mortgage92,833  105,839  16,97595,232  547
Credit card & other345  348  146360  3
Total$239,700  $256,672  $48,240$244,143  $1,354
Total commercial$53,415  $73,629  $9,636$46,471  $113
Total retail$259,347  $297,475  $48,240$263,934  $1,354
Total impaired loans$312,762  $371,104  $57,876$310,405  $1,467

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

March 31, 2015
  Unpaid  Average  Interest
RecordedPrincipalRelatedRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognized
Impaired loans with no related allowance recorded:          
Commercial:      
General C&I$13,630  $16,803  $-$11,594  $-
Income CRE4,209  11,366  -6,369  -
Residential CRE-  -  -574  -
Total$17,839  $28,169  $-$18,537  $-
Retail:      
HELOC (a)$12,600  $31,419  $-$12,989  $-
R/E installment loans (a)4,518  5,827  -4,669  3
Permanent mortgage (a)7,205  9,336  -7,231  -
Total$24,323  $46,582  $-$24,889  $3
Impaired loans with related allowance recorded:      
Commercial:      
General C&I$26,252  $30,759  $1,709$19,772  $253
TRUPS13,429  13,700  4,31013,444  -
Income CRE6,695  8,180  5027,540  30
Residential CRE1,624  1,991  1091,497  7
Total$48,000  $54,630  $6,630$42,253  $290
Retail:      
HELOC$85,102  $87,242  $20,513$84,636  $448
R/E installment loans69,391  70,384  21,22470,124  327
Permanent mortgage103,633  116,482  17,766104,917  591
Credit card & other484  484  228508  4
Total$258,610  $274,592  $59,731$260,185  $1,370
Total commercial$65,839  $82,799  $6,630$60,790  $290
Total retail$282,933  $321,174  $59,731$285,074  $1,373
Total impaired loans$348,772  $403,973  $66,361$345,864  $1,663

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.

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of March 31, 2016 and 2015:
March 31, 2016
Loans to      Allowance
GeneralMortgageIncomeResidentialPercentagefor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalof TotalLosses
PD Grade:      
1$595,106$-$-$580  $-  $595,686  5%$127  
2607,670--10,292  117  618,079  5324  
3516,275379,810-166,396  -  1,062,481  9329  
4936,719366,958-180,323  8,283  1,492,283  12987  
51,078,567252,228-241,553  3,588  1,575,936  136,184  
61,195,082350,253-326,060  12,608  1,884,003  169,711  
71,370,338108,550-421,650  11,942  1,912,480  1512,953  
8771,01638,059-215,048  1,902  1,026,025  816,815  
9502,867--64,420  1,808  569,095  510,571  
10249,608--67,575  16,505  333,688  35,286  
11168,079--18,479  2,766  189,324  24,895  
1296,442--20,685  3,588  120,715  13,588  
13108,610-304,5277,756  614  421,507  34,056  
14,15,16184,913--21,232  907  207,052  220,629  
Collectively evaluated for impairment8,381,2921,495,858304,5271,762,049  64,628  12,008,354  9996,455  
Individually evaluated for impairment41,158-3,3077,574  1,376  53,415  19,636  
Purchased credit-impaired loans13,041--9,8703,07225,983-422
Total commercial loans$8,435,491$1,495,858$307,834$1,779,493  $69,076  $12,087,752  100%$106,513

March 31, 2015
  Loans to          Allowance
GeneralMortgageIncomeResidentialPercentagefor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalof TotalLosses
PD Grade:            
1$446,725$-$-$605  $59  $447,389  4%$75
2550,069--1,896  233  552,198  5173
3528,347276,653-63,112  261  868,373  8228
4663,213235,434-64,020  229  962,896  9435
51,050,800384,418-253,658  1,840  1,690,716  152,743
61,111,069498,752-213,787  5,333  1,828,941  175,488
71,278,125192,154-231,551  14,316  1,716,146  169,169
8735,69527,813-173,744  518  937,770  99,786
9474,91226,448-131,893  922  634,175  68,642
10228,176--26,641  165  254,982  24,811
11209,639--27,255  946  237,840  25,783
1293,055--29,205  493  122,753  14,103
13114,775-325,3824,530  1,076  445,763  44,989
14,15,16129,146--31,015  3,641  163,802  119,657
Collectively evaluated for impairment7,613,746  1,641,672  325,382  1,252,912  30,032  10,863,744  99  76,082  
Individually evaluated for impairment39,882-12,81510,904  1,624  65,225  1  6,630  
Purchased credit-impaired loans4,858--23,6961,72930,283-2,605
Total commercial loans$7,658,486  $1,641,672  $338,197  $1,287,512  $33,385  $10,959,252  100% $85,317

Balances as of March 31, 2016 and 2015, presented net of $25.5 million and $26.2 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".

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 March 31, 2016 and 2015:
HELOC
March 31, 2016March 31, 2015
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2003$35,875  708  704  $51,626  707  700  
200367,315  718  711  95,043  721  707  
2004184,785  721  710  258,974  723  707  
2005276,596  728  711  421,315  731  720  
2006246,861  737  725  321,702  739  726  
2007286,148  744  730  342,531  744  728  
2008164,166  753  748  188,111  753  748  
200980,993  751  745  97,279  751  742  
201076,987  753  746  92,777  753  749  
201174,531  759  750  92,484  758  753  
201291,976  759  758  112,955  760  758  
2013117,405756756142,772757756
2014107,725761763121,991762763
2015151,44476176025,250759756
201626,273764760---
Total$1,989,080  743  734  $2,364,810  742  732  

  
R/E Installment LoansMarch 31, 2016March 31, 2015
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalance FICOFICOBalanceFICOFICO
pre-2003$6,145  673  690  $11,786  679  687  
200327,457  709  720  44,729  713  721  
200427,004  697  694  37,944  699  695  
200584,140  714  709  115,702  715  710  
200693,146  711  704  126,225  712  702  
2007143,754  722  709  187,510  722  707  
200848,829  718  719  60,538  718  712  
200920,564  733  732  26,812  737  727  
201072,595  750  755  95,017  747  756  
2011216,423  761  758  267,079  760  759  
2012491,925  764  765  586,729  764  765  
2013402,530755759460,196756758
2014403,306756760450,765756754
2015557,93175875786,975757758
2016105,401763762---
Total$2,701,150  751  751  $2,558,007  749  747  

  
Permanent MortgageMarch 31, 2016March 31, 2015
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2004$105,876  721  719  $136,848  723  718  
200412,211  709  701  16,484  712  715  
200527,317  738  732  32,563  736  732  
200647,704  732  734  59,636  732  726  
2007157,235  733  713  183,359  733  719  
200874,962  741  717  82,818  741  712  
201617,486721721---
Total$442,791  730  718  $511,708  730  717  

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on March 31, 2016:
Accruing  Non-Accruing  
  30-89  90+      30-89  90+  Total
DaysDaysTotalDaysDaysNon-Total
(Dollars in thousands)Current Past DuePast DueAccruingCurrent Past DuePast DueAccruingLoans
Commercial (C&I):                
General C&I$8,356,560  $30,463  $314  $8,387,337  $16,702  $557  $17,854  $35,113  $8,422,450  
Loans to mortgage companies1,489,354  6,411  -  1,495,765  -  -  93  93  1,495,858  
TRUPS (a)304,527  -  -  304,527  -  -  3,307  3,307  307,834  
Purchased credit-impaired loans12,784  -  257  13,041  -  -  -  -  13,041
Total commercial (C&I)10,163,22536,87457110,200,67016,702  557  21,254  38,51310,239,183
Commercial real estate:                
Income CRE1,759,601  1,188  105  1,760,894  3,047  64  5,618  8,729  1,769,623  
Residential CRE65,261  -  -  65,261  -  -  743  743  66,004  
Purchased credit-impaired loans10,828  1,673  441  12,942  -  -  -  -  12,942
Total commercial real estate1,835,6902,861  5461,839,0973,047  64  6,3619,4721,848,569
Consumer real estate:                
HELOC1,882,664  18,447  8,170  1,909,281  63,021  5,542  11,236  79,799  1,989,080  
R/E installment loans2,651,317  9,103  2,298  2,662,718  26,223  2,856  5,136  34,215  2,696,933  
Purchased credit-impaired loans3,984  233  -  4,217  -  -  -  -  4,217
Total consumer real estate4,537,965  27,783  10,468  4,576,216  89,244  8,398  16,372  114,014  4,690,230  
Permanent mortgage401,496  5,117  5,938  412,551  12,039  4,192  14,009  30,240  442,791  
Credit card & other                
Credit card185,652  1,463  1,396  188,511  -  -  -  -  188,511  
Other163,156  962  192  164,310  613  -  733  1,346  165,656  
Purchased credit-impaired loans54--54----54
Total credit card & other348,862  2,425  1,588  352,875  613  -  733  1,346  354,221  
Total loans, net of unearned income$17,287,238  $75,060  $19,111  $17,381,409  $121,645  $13,211  $58,729  $193,585  $17,574,994  

Total TRUPS includes LOCOM valuation allowance of $25.5 million.

The following table reflects accruing and non-accruing loans by class on March 31, 2015:
Accruing  Non-Accruing  
30-8990+30-8990+Total 
   Days  Days  Total     Days  Days  Non-  Total
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingLoans
Commercial (C&I):  
General C&I$7,627,209  $5,291  $251  $7,632,751  $1,441  $10,445  $8,991  $20,877  $7,653,628  
Loans to mortgage companies1,640,638  915  -  1,641,553  -  -  119  119  1,641,672  
TRUPS (a)325,382  -  -  325,382  -  -  12,815  12,815  338,197  
Purchased credit-impaired loans4,192  -  666  4,858  -  -  -  -  4,858
Total commercial (C&I)9,597,4216,2069179,604,5441,441  10,445  21,925  33,8119,638,355
Commercial real estate:                  
Income CRE1,249,793  687  -  1,250,480  1,454  2,817  9,065  13,336  1,263,816  
Residential CRE31,591  65  -  31,656  -  -  -  -  31,656  
Purchased credit-impaired loans21,817  -  3,608  25,425  -  -  -  -  25,425
Total commercial real estate1,303,201752  3,6081,307,5611,454  2,817  9,06513,3361,320,897
Consumer real estate:                  
HELOC 2,250,415  20,698  10,362  2,281,475  66,743  5,075  11,517  83,335  2,364,810  
R/E installment loans2,502,363  11,975  5,204  2,519,542  27,748  2,576  5,741  36,065  2,555,607  
Purchased credit-impaired loans2,308  4  88  2,400  -  -  -  -  2,400
Total consumer real estate4,755,086  32,677  15,654  4,803,417  94,491  7,651  17,258  119,400  4,922,817  
Permanent mortgage464,677  8,019  6,085  478,781  16,710  2,752  13,465  32,927  511,708  
Credit card & other                
Credit card177,042  1,467  1,440  179,949  -  -  -  -  179,949  
Other156,478  916  239  157,633  -  -  755  755  158,388  
Purchased credit-impaired loans9--9----9
Total credit card & other333,529  2,383  1,679  337,591  -  -  755  755  338,346  
Total loans, net of unearned income$16,453,914  $50,037  $27,943  $16,531,894  $114,096  $23,665  $62,468  $200,229  $16,732,123  

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.

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. 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. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty, and whether a concession has been granted, are 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. After 5 years, the interest rate will increase 2 percent per year until the original interest rate prior to modification is achieved. 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 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 March 31, 2016 and 2015, FHN had $289.0 million and $317.8 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $54.6 million and $62.1 million, or 19 percent as of March 31, 2016, and 20 percent as of March 31, 2015. Additionally, $76.4 million and $78.0 million of loans held-for-sale as of March 31, 2016 and 2015, respectively were classified as TDRs.

The following tables reflect portfolio loans that were classified as TDRs during the three months ended March 31, 2016 and 2015:
20162015
  Pre-Modification  Post-ModificationPre-ModificationPost-Modification
OutstandingOutstandingOutstandingOutstanding
(Dollars in thousands) NumberRecorded InvestmentRecorded InvestmentNumberRecorded InvestmentRecorded Investment
Commercial (C&I):        
General C&I1  $708  $7082  $1,388  $1,325
Total commercial (C&I)1  708  7082  1,388  1,325
Consumer real estate:        
HELOC 99  7,440  7,37037  3,727  3,707
R/E installment loans15  898  89516  1,354  1,377
Total consumer real estate114  8,338  8,26553  5,081  5,084
Permanent mortgage -  -  -2  321  321
Credit card & other4  19  18628  27
Total troubled debt restructurings119  $9,065  $8,99163  $6,818  $6,757

The following tables present TDRs which re-defaulted during the three months ended March 31, 2016 and 2015, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
20162015
  RecordedRecorded
(Dollars in thousands)NumberInvestmentNumberInvestment
Consumer real estate:    
HELOC1  36  1  30
R/E installment loans-  -  1  86
Total consumer real estate1  36  2  116
Credit card & other-  -  1  3
Total troubled debt restructurings1  $36  3  $119