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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2016

Investment Securities [Abstract]

Schedule Of FHN's Investment Securities

The following tables summarize FHN’s investment securities on September 30, 2016 and 2015:

	September 30, 2016
				Gross			Gross
	Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)	Cost			Gains			Losses			Value
Securities available-for-sale:
U.S. treasuries	$	100		$	-		$	-		$	100
Government agency issued mortgage-backed securities ("MBS")		1,877,496			62,910			(49)			1,940,357
Government agency issued collateralized mortgage obligations ("CMO")		1,881,795			21,457			(2,108)			1,901,144
Equity and other (a)		185,992			1			-			185,993
Total securities available-for-sale (b)	$	3,945,383		$	84,368		$	(2,157)		$	4,027,594
Securities held-to-maturity:
States and municipalities	$	4,340		$	400		$	-		$	4,740
Corporate bonds		10,000			302			-			10,302
Total securities held-to-maturity	$	14,340		$	702		$	-		$	15,042

Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $68.6 million. The remainder is money market and cost method investments.
Includes $3.3 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.


	September 30, 2015
				Gross			Gross
	Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)	Cost			Gains			Losses			Value
Securities available-for-sale:
U.S. treasuries	$	100		$	-		$	-		$	100
Government agency issued MBS		914,878			31,773			(700)			945,951
Government agency issued CMO		2,514,362			30,281			(9,207)			2,535,436
Other U.S. government agencies		1,443			3			-			1,446
States and municipalities		9,155			-			-			9,155
Equity and other (a)		182,014			-			(461)			181,553
Total securities available-for-sale (b)	$	3,621,952		$	62,057		$	(10,368)		$	3,673,641
Securities held-to-maturity:
States and municipalities	$	4,313		$	1,091		$	-		$	5,404
Total securities held-to-maturity	$	4,313		$	1,091		$	-		$	5,404

Includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $65.8 million. The remainder is money market, mutual funds, and cost method investments.
Includes $2.9 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 September 30, 2016 are provided below:

		Held-to-Maturity						Available-for-Sale
		Amortized			Fair			Amortized			Fair
(Dollars in thousands)		Cost			Value			Cost			Value
Within 1 year		$	-		$	-		$	100		$	100
After 1 year; within 5 years			-			-			-			-
After 5 years; within 10 years			10,000			10,302			-			-
After 10 years			4,340			4,740			-			-
	Subtotal		14,340			15,042			100			100
Government agency issued MBS and CMO (a)			-			-			3,759,291			3,841,501
Equity and other			-			-			185,992			185,993
Total		$	14,340		$	15,042		$	3,945,383		$	4,027,594

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 available-for-sale investment securities for the three and nine months ended September 30:
	Three Months Ended						Nine Months Ended
		September 30						September 30
(Dollars in thousands)	2016			2015			2016			2015
Gross gains on sales of securities	$	-		$	-		$	3,999		$	284
Gross (losses) on sales of securities		-			-			(2,326)			-
Net gain/(loss) on sales of securities (a)		-			-			1,673			284
Net OTTI recorded (b)		(200)			(345)			(200)			(345)
Total securities gain/(loss), net	$	(200)		$	(345)		$	1,473		$	(61)

There were no sales proceeds for the three months ended September 30, 2016 and 2015; cash proceeds for the nine months ended September 30, 2016 and 2015 were $1.5 million and $.3 million, respectively. Nine months ended September 30, 2016 includes a $1.7 million gain from an exchange of approximately $294 million of AFS debt securities.
OTTI recorded is related to equity securities.

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 September 30, 2016 and 2015:
	As of September 30, 2016
	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	$	320,282		$	(631)		$	142,060		$	(1,477)		$	462,342		$	(2,108)
Government agency issued MBS		38,477			(49)			-			-			38,477			(49)
Total temporarily impaired securities	$	358,759		$	(680)		$	142,060		$	(1,477)		$	500,819		$	(2,157)


	As of September 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	$	370,165		$	(1,487)		$	435,331		$	(7,720)		$	805,496		$	(9,207)
Government agency issued MBS		69,997			(242)			32,538			(458)			102,535			(700)
Total debt securities		440,162			(1,729)			467,869			(8,178)			908,031			(9,907)
Equity		-			-			630			(461)			630			(461)
Total temporarily impaired securities	$	440,162		$	(1,729)		$	468,499		$	(8,639)		$	908,661		$	(10,368)