Derivatives (Tables)

3 Months Ended

Mar. 31, 2017

Derivatives [Abstract]

Derivatives Associated With Fixed Income Trading Activities

The following tables summarize FHN’s derivatives associated with fixed income trading activities as of March 31, 2017 and December 31, 2016:
	March 31, 2017
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,743,855		$	34,060		$	15,510
Offsetting Upstream Interest Rate Contracts		1,743,855			15,258			31,677
Option Contracts Purchased		60,000			86			-
Forwards and Futures Purchased		3,804,024			11,817			5,230
Forwards and Futures Sold		3,817,997			5,410			13,135

	December 31, 2016
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,697,992		$	39,495		$	14,996
Offsetting Upstream Interest Rate Contracts		1,697,992			14,996			39,495
Option Contracts Purchased		17,500			63			-
Option Contracts Written		5,000			-			8
Forwards and Futures Purchased		2,916,750			6,257			26,659
Forwards and Futures Sold		3,085,396			27,330			6,615

Derivatives Associated With Interest Rate Risk Management Activities

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of March 31, 2017 and December 31, 2016:
		March 31, 2017
(Dollars in thousands)		Notional		Assets			Liabilities
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts	$	1,450,711		$	15,401	$	15,388
	Offsetting Upstream Interest Rate Contracts		1,450,711			14,053		14,277
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps	$	900,000		$	749		N/A
Hedged Items:
	Term Borrowings		N/A			N/A	$	900,000	(a)

		December 31, 2016
(Dollars in thousands)		Notional		Assets			Liabilities
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts	$	1,357,920		$	17,566	$	14,277
	Offsetting Upstream Interest Rate Contracts		1,357,920			14,277		18,066
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps	$	900,000		$	1,628	$	7,276
Hedged Items:
	Term Borrowings		N/A			N/A	$	900,000	(a)

Represents par value of term borrowings being hedged.

Gains/(Losses) on Derivatives Associated with Interest Rate Risk Management Activities

The following table summarizes gains/(losses) on FHN's derivatives associated with interest rate risk management activities for the three months ended March 31, 2017 and 2016:
		March 31, 2017			March 31, 2016
(Dollars in thousands)		Gains/(Losses)			Gains/(Losses)
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	(3,276)	$	12,559
	Offsetting Upstream Interest Rate Contracts (a)		3,276		(12,559)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (a)	$	(2,800)	$	17,037
Hedged Items:
	Term Borrowings (a) (b)		2,733		(16,745)

• Gains/losses included in the All other expense section of the Consolidated Condensed Statements of Income.
• Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.

Derivative Associated With Cash Flow Hedges

The following tables summarize FHN’s derivative activities associated with cash flow hedges as of March 31, 2017 and December 31, 2016:
		March 31, 2017
(Dollars in thousands)		Notional		Assets			Liabilities
Cash Flow Hedges
Hedging Instruments:
	Interest Rate Swaps	$	900,000		$	1,286		N/A
Hedged Items:
	Variability in Cash Flows Related to Debt Instruments (Primarily Loans)		N/A		$	900,000		N/A

		December 31, 2016
(Dollars in thousands)		Notional		Assets			Liabilities
Cash Flow Hedges
Hedging Instruments:
	Interest Rate Swaps	$	250,000			N/A	$	2,045
Hedged Items:
	Variability in Cash Flows Related to Debt Instruments (Primarily Loans)		N/A		$	250,000		N/A

Gains/(Losses) on Derivatives Associated with Cash Flow Hedges

The following table summarizes gains/(losses) on FHN's derivatives associated with cash flow hedges for the three months ended March 31, 2017 and 2016:
		March 31, 2017			March 31, 2016
(Dollars in thousands)		Gains/(Losses)			Gains/(Losses)
Cash Flow Hedges
Hedging Instruments:
	Interest Rate Swaps (a) (b)	$	(3,101)	$	5,618
Hedged Items:
	Variability in Cash Flows Related to Debt Instruments (Primarily Loans)		N/A		N/A

• Amount represents the pre-tax gains/(losses) included within AOCI.
• Includes approximately $1.5 million of losses expected to be reclassified into earnings in the next twelve months.

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 March 31, 2017 and December 31, 2016:
		March 31,2017
(Dollars in thousands)		Notional			Assets				Liabilities
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500			N/A			$	134
Hedged Items:
	Trust Preferred Loans (a)			N/A		$	6,500	(b)			N/A

		December 31, 2016
(Dollars in thousands)		Notional			Assets				Liabilities
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500			N/A			$	208
Hedged Items:
	Trust Preferred Loans (a)			N/A		$	6,500	(b)			N/A

• Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition.
• Represents principal balance being hedged.

Gains/(Losses) on Derivatives Associated with Trust Preferred Loans

The following table summarizes gains/(losses) on FHN's derivatives associated with held-to-maturity trust preferred loans for the three months ended March 31, 2017 and 2016:
		March 31, 2017			March 31, 2016
(Dollars in thousands)		Gains/(Losses)			Gains/(Losses)
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps	$	74	$	43
Hedged Items:
	Trust Preferred Loans (a)	$	(74)	$	(42)

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 details of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of March 31, 2017 and December 31, 2016:
								Gross amounts not offset in the
								Statements of Condition
			Gross amounts		Net amounts of		Derivative
	Gross amounts		offset in the		assets presented		liabilities
	of recognized		Statements of		in the Statements		available for		Collateral
(Dollars in thousands)	assets		Condition		of Condition (a)		offset		Received		Net amount
Derivative assets:
March 31, 2017 (b)	$	80,807	$	-	$	80,807	$	(18,674)	$	(46,189)	$	15,944
December 31, 2016 (b)		87,962		-		87,962		(25,953)		(52,888)		9,121

• Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of March 31, 2017 and December 31, 2016, $17.3 million and $33.7 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.
• Amountsare comprised entirely of interest rate derivative contracts.

Derivative Liabilities and Collateral Pledged

The following table provides details of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of March 31, 2017 and December 31, 2016:
									Gross amounts not offset in the
									Statements of Condition
			Gross amounts			Net amounts of
	Gross amounts		offset in the		liabilities presented			Derivative
	of recognized		Statements of			in the Statements		assets available		Collateral
(Dollars in thousands)	liabilities		Condition			of Condition (a)		for offset		pledged		Net amount
Derivative liabilities:
March 31, 2017 (b)	$	76,986	$	-		$	76,986	$	(18,674)	$	(55,378)	$	2,934
December 31, 2016 (b)		96,363		-			96,363		(25,953)		(60,746)		9,664

• Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As ofMarch 31,2017 and December 31, 2016, $24.4 million and $39.5 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.
• Amounts are comprised entirely of interest rate derivative contracts.