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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [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, 2017 and December 31, 2016:
 
 
 
June 30, 2017
(Dollars in thousands)
 
Notional
 
Assets
 
Liabilities
Customer Interest Rate Contracts
 
$
1,903,647

 
$
34,224

 
$
12,508

Offsetting Upstream Interest Rate Contracts
 
1,903,647

 
12,368

 
31,374

Option Contracts Purchased
 
25,000

 
78

 
—

Forwards and Futures Purchased
 
4,245,499

 
3,403

 
10,366

Forwards and Futures Sold
 
4,562,708

 
12,646

 
2,212

 
 
 
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 June 30, 2017 and December 31, 2016:
 
 
 
June 30, 2017
 
 
(Dollars in thousands)
 
Notional
 
Assets
 
Liabilities
 
 
Customer Interest Rate Contracts Hedging 
 
 
 
 
 
 
 
 
Hedging Instruments and Hedged Items: 
 
 
 
 
 
 
 
 
Customer Interest Rate Contracts
 
$
1,513,114

 
$
17,056

 
$
12,944

 
 
Offsetting Upstream Interest Rate Contracts
 
1,513,114

 
11,878

 
15,630

 
 
Debt Hedging
 
 
 
 
 
 
 
 
Hedging Instruments:
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
$
900,000

 
 N/A

 
$
796

 
 
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) 
 
(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 and six months ended June 30, 2017 and 2016:
 
 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
 
 
2017
 
2016
 
2017
 
2016
(Dollars in thousands)
 
Gains/(Losses)
 
Gains/(Losses)
 
Gains/(Losses)
 
Gains/(Losses)
Customer Interest Rate Contracts Hedging
 
 
 
 
 
 
Hedging Instruments and Hedged Items:
 
 
 
 
 
 
 
 
Customer Interest Rate Contracts (a)
 
$
4,099

 
$
8,154

 
823

 
20,713

Offsetting Upstream Interest Rate Contracts (a)
 
(4,099
)
 
(8,154
)
 
(823
)
 
(20,713
)
Debt Hedging
 
 
 
 
 
 
 
 
Hedging Instruments:
 
 
 
 
 
 
 
 
Interest Rate Swaps (a)
 
$
1,808

 
$
6,660

 
$
(992
)
 
$
26,606

Hedged Items:
 
 
 
 
 
 
 
 
Term Borrowings (a) (b)
 
(1,804
)
 
(6,557
)
 
929

 
(26,211
)
 
(a)
Gains/losses included in the All other expense section of the Consolidated Condensed Statements of Income.
(b)
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 June 30, 2017 and December 31, 2016:
 
 
 
June 30, 2017
(Dollars in thousands)
 
Notional
 
Assets
 
Liabilities
Cash Flow Hedges 
 
 
 
 
 
 
Hedging Instruments: 
 
 
 
 
 
 
Interest Rate Swaps
 
$
900,000

 
 N/A

 
$
1,058

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 and six months ended June 30, 2017 and 2016:
 
 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
 
 
2017
 
2016
 
2017
 
2016
(Dollars in thousands)
 
Gains/(Losses)
 
Gains/(Losses)
 
Gains/(Losses)
 
Gains/(Losses)
Cash Flow Hedges
 
 
 
 
 
 
Hedging Instruments:
 
 
 
 
 
 
 
 
Interest Rate Swaps (a) (b)
 
$
3,491

 
$
1,988

 
$
390

 
$
7,606

Hedged Items:
 
 
 
 
 
 
 
 
Variability in Cash Flows Related to Debt Instruments (Primarily Loans)
 
N/A

 
N/A

 
N/A

 
N/A

 
(a)
Amount represents the pre-tax gains/(losses) included within AOCI.
(b)
Includes approximately $0.8 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 June 30, 2017 and December 31, 2016:
 
 
 
June 30, 2017
(Dollars in thousands)
 
Notional
 
Assets
 
 
 
Liabilities
Loan Portfolio Hedging
 
 
 
 
 
 
 
 
Hedging Instruments: 
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
$
6,500

 
N/A

 
 
 
$
79

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

 
(a)
Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition.
(b)
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 and six months ended June 30, 2017 and 2016:
 
 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
 
 
2017
 
2016
 
2017
 
2016
(Dollars in thousands)
 
Gains/(Losses)
 
Gains/(Losses)
 
Gains/(Losses)
 
Gains/(Losses)
Loan Portfolio Hedging
 
 
 
 
 
 
Hedging Instruments:
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
$
68

 
$
66

 
$
142

 
$
109

Hedged Items:
 
 
 
 
 
 
 
 
Trust Preferred Loans (a)
 
$
(67
)
 
$
(65
)
 
$
(141
)
 
$
106

 
(a)
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 June 30, 2017 and December 31, 2016:
 
 
 
 
 
 
 
 
 
Gross amounts not offset in the
Statements of Condition
 
 
(Dollars in thousands)
 
Gross amounts
of recognized
assets
 
Gross amounts
offset in the
Statements of
Condition
 
Net amounts of
assets presented
in the Statements
of Condition (a)
 
Derivative
liabilities
available for
offset
 
Collateral
Received
 
Net amount
Derivative assets:
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017 (b)
 
$
75,526

 
$
—

 
$
75,526

 
$
(22,842
)
 
$
(47,292
)
 
$
5,392

December 31, 2016 (b)
 
87,962

 
—

 
87,962

 
(25,953
)
 
(52,888
)
 
9,121

 
(a)
Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of June 30, 2017 and December 31, 2016, $16.1 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.
(b)
Amounts are 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 June 30, 2017 and December 31, 2016:
 
 
 
 
 
 
 
 
 
Gross amounts not offset in the
Statements of Condition
 
 
(Dollars in thousands)
 
Gross amounts
of recognized
liabilities
 
Gross amounts
offset in the
Statements of
Condition
 
Net amounts of
liabilities presented
in the Statements
of Condition (a)
 
Derivative
assets available
for offset
 
Collateral
pledged
 
Net amount
Derivative liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017 (b)
 
$
74,389

 
$
—

 
$
74,389

 
$
(22,842
)
 
$
(47,615
)
 
$
3,932

December 31, 2016 (b)
 
96,363

 
—

 
96,363

 
(25,953
)
 
(60,746
)
 
9,664

 
(a)
Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As of June 30, 2017 and December 31, 2016, $18.3 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.
(b)
Amounts are comprised entirely of interest rate derivative contracts.