Fair Value Of Assets And Liabilities (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2017:

	September 30, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities—fixed income:
U.S. treasuries	$	—	$	157,483	$	—	$	157,483
Government agency issued MBS	—		155,260		—		155,260
Government agency issued CMO	—		244,321		—		244,321
Other U.S. government agencies	—		186,573		—		186,573
States and municipalities	—		61,290		—		61,290
Corporate and other debt	—		655,976		5		655,981
Equity, mutual funds, and other	—		6,194		—		6,194
Total trading securities—fixed income	—		1,467,097		5		1,467,102
Trading securities—mortgage banking	—		—		2,300		2,300
Loans held-for-sale	—		1,727		20,081		21,808
Securities available-for-sale:
U.S. treasuries	—		100		—		100
Government agency issued MBS	—		2,087,505		—		2,087,505
Government agency issued CMO	—		1,685,995		—		1,685,995
Interest-only strips	—		—		3,123		3,123
Equity, mutual funds, and other	24,756		—		—		24,756
Total securities available-for-sale	24,756		3,773,600		3,123		3,801,479
Other assets:
Deferred compensation assets	34,951		—		—		34,951
Derivatives, forwards and futures	10,003		—		—		10,003
Derivatives, interest rate contracts	—		70,971		—		70,971
Derivatives, other	—		2		—		2
Total other assets	44,954		70,973		—		115,927
Total assets	$	69,710	$	5,313,397	$	25,509	$	5,408,616
Trading liabilities—fixed income:
U.S. treasuries	$	—	$	424,461	$	—	$	424,461
Government agency issued CMO	—		1,372		—		1,372
Other U.S. government agencies	—		998		—		998
Corporate and other debt	—		152,197		—		152,197
Total trading liabilities—fixed income	—		579,028		—		579,028
Other liabilities:
Derivatives, forwards and futures	7,627		—		—		7,627
Derivatives, interest rate contracts	—		69,988		—		69,988
Derivatives, other	—		1		5,530		5,531
Total other liabilities	7,627		69,989		5,530		83,146
Total liabilities	$	7,627	$	649,017	$	5,530	$	662,174

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2016:

	December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Trading securities—fixed income:
U.S. treasuries	$	—	$	146,988	$	—	$	146,988
Government agency issued MBS	—		256,611		—		256,611
Government agency issued CMO	—		150,058		—		150,058
Other U.S. government agencies	—		52,314		—		52,314
States and municipalities	—		60,351		—		60,351
Corporate and other debt	—		227,934		5		227,939
Equity, mutual funds, and other	—		242		—		242
Total trading securities—fixed income	—		894,498		5		894,503
Trading securities—mortgage banking	—		—		2,568		2,568
Loans held-for-sale	—		2,345		21,924		24,269
Securities available-for-sale:
U.S. treasuries	—		100		—		100
Government agency issued MBS	—		2,208,687		—		2,208,687
Government agency issued CMO	—		1,547,958		—		1,547,958
Equity, mutual funds, and other	25,249		—		—		25,249
Total securities available-for-sale	25,249		3,756,745		—		3,781,994
Other assets:
Mortgage servicing rights	—		—		985		985
Deferred compensation assets	32,840		—		—		32,840
Derivatives, forwards and futures	33,587		—		—		33,587
Derivatives, interest rate contracts	—		88,025		—		88,025
Derivatives, other	—		42		—		42
Total other assets	66,427		88,067		985		155,479
Total assets	$	91,676	$	4,741,655	$	25,482	$	4,858,813
Trading liabilities—fixed income:
U.S. treasuries	$	—	$	381,229	$	—	$	381,229
Other U.S. government agencies	—		844		—		844
Corporate and other debt	—		179,775		—		179,775
Total trading liabilities—fixed income	—		561,848		—		561,848
Other liabilities:
Derivatives, forwards and futures	33,274		—		—		33,274
Derivatives, interest rate contracts	—		96,371		—		96,371
Derivatives, other	—		7		6,245		6,252
Total other liabilities	33,274		96,378		6,245		135,897
Total liabilities	$	33,274	$	658,226	$	6,245	$	697,745

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value

The changes in Level 3 assets and liabilities measured at fair value for the three months ended September 30, 2017 and 2016, on a recurring basis are summarized as follows:

	Three Months Ended September 30, 2017
(Dollars in thousands)	Trading securities				Interest- only strips- AFS				Loans held- for-sale				Net  derivative liabilities
Balance on July 1, 2017	$	2,464			$	1,163			$	20,587			$	(5,700	)
Total net gains/(losses) included in:
Net income	92				(160		)		390				(129		)
Purchases	—				—				43				—
Settlements	(251		)		—				(939		)		299
Net transfers into/(out of) Level 3	—				2,120			(b)	—			(d)	—
Balance on September 30, 2017	$	2,305			$	3,123			$	20,081			$	(5,530	)
Net unrealized gains/(losses) included in net income	$	62		(a)	$	(72	)	(c)	$	390		(a)	$	(129	)	(e)

	Three Months Ended September 30, 2016
(Dollars in thousands)	Trading securities				Loans  held-for-sale				Securities available- for-sale			Mortgage servicing rights, net			Net  derivative liabilities
Balance on July 1, 2016	$	2,826			$	25,738			$	1,500		$	1,406		$	(6,835	)
Total net gains/(losses) included in:
Net income	304				1,604				—			—			(4		)
Purchases	—				198				—			—			—
Settlements	(346		)		(2,146		)		(1,500		)	(160		)	299
Net transfers into/(out of) Level 3	—				(2,858		)	(d)	—			—			—
Balance on September 30, 2016	$	2,784			$	22,536			$	—		$	1,246		$	(6,540	)
Net unrealized gains/(losses) included in net income	$	244		(a)	$	1,604		(a)	$	—		$	—		$	(4	)	(e)

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

(b) Transfers into interest-only strips - AFS level 3 measured on a recurring basis reflect movements from loans held-for-sale (Level 2 nonrecurring).

(c) Primarily included in fixed income on the Consolidated Condensed Statements of Income.

(d) Transfers out of loans held-for-sale level 3 measured on a recurring basis generally reflect movements into OREO (level 3 nonrecurring).

(e) 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 nine months ended September 30, 2017 and 2016, on a recurring basis are summarized as follows:

	Nine Months Ended September 30, 2017
(Dollars in thousands)	Trading securities				Interest-only strips- AFS				Loans held- for-sale				Net  derivative liabilities
Balance on January 1, 2017	$	2,573			$	—			$	21,924			$	(6,245	)
Total net gains/(losses) included in:
Net income	380				107				1,722				(179		)
Purchases	—				1,413				118				—
Sales	—				(3,291		)		—				—
Settlements	(648		)		—				(3,340		)		894
Net transfers into/(out of) Level 3	—				4,894			(b)	(343		)	(d)	—
Balance on September 30, 2017	$	2,305			$	3,123			$	20,081			$	(5,530	)
Net unrealized gains/(losses) included in net income	$	264		(a)	$	(122	)	(c)	$	1,722		(a)	$	(179	)	(e)

	Nine Months Ended September 30, 2016
(Dollars in thousands)	Trading securities				Loans  held-for-sale				Securities available- for-sale			Mortgage servicing rights, net			Net  derivative liabilities
Balance on January 1, 2016	$	4,377			$	27,418			$	1,500		$	1,841		$	(4,810	)
Total net gains/(losses) included in:
Net income	506				2,375				—			31			(2,627		)
Purchases	—				673				—			—			—
Sales	—				—				—			(205		)	—
Settlements	(2,099		)		(4,643		)		(1,500		)	(421		)	897
Net transfers into/(out of) Level 3	—				(3,287		)	(d)	—			—			—
Balance on September 30, 2016	$	2,784			$	22,536			$	—		$	1,246		$	(6,540	)
Net unrealized gains/(losses) included in net income	$	324		(a)	$	2,375		(a)	$	—		$	—		$	(2,627	)	(e)

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

(b) Transfers into interest-only strips - AFS level 3 measured on a recurring basis reflect movements from loans held-for-sale (Level 2 nonrecurring).

(c) Primarily included in fixed income on the Consolidated Condensed Statements of Income.

(d) Transfers out of loans held-for-sale level 3 measured on a recurring basis generally reflect movements into OREO (level 3 nonrecurring).

(e) Included in Other expense.

Nonrecurring Fair Value Measurements

For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at September 30, 2017, and December 31, 2016, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment and the related carrying value.

	Carrying value at September 30, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Loans held-for-sale—SBAs and USDA	$	—	$	244,089	$	1,484	$	245,573
Loans held-for-sale—first mortgages	—		—		611		611
Loans, net of unearned income (a)	—		—		23,210		23,210
OREO (b)	—		—		7,877		7,877
Other assets (c)	—		—		27,394		27,394

	Carrying value at December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Total
Loans held-for-sale—SBAs	$	—	$	4,286	$	—	$	4,286
Loans held-for-sale—first mortgages	—		—		638		638
Loans, net of unearned income (a)	—		—		31,070		31,070
OREO (b)	—		—		11,235		11,235
Other assets (c)	—		—		29,609		29,609

(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.

(b) Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as OREO. Balance excludes OREO related to government insured mortgages.

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

Gains/(losses) on Noncurring Fair Value Measurements

For assets measured on a nonrecurring basis which were still held on the consolidated balance sheet at period end, the following table provides information about the fair value adjustments recorded during the three and nine months ended September 30, 2017 and 2016:

	Net gains/(losses) Three Months Ended September 30						Net gains/(losses) Nine months ended September 30
(Dollars in thousands)	2017			2016			2017			2016
Loans held-for-sale—SBAs and USDA	$	(86	)	$	—		$	(1,259	)	$	—
Loans held-for-sale—first mortgages	6			10			22			17
Loans, net of unearned income (a)	(2,388		)	461			(1,456		)	(3,249		)
OREO (b)	(41		)	(711		)	(662		)	(1,561		)
Other assets (c)	(762		)	(788		)	(2,646		)	(2,325		)
	$	(3,271	)	$	(1,028	)	$	(6,001	)	$	(7,118	)

(a) Write-downs on these loans are recognized as part of provision for loan losses.

(b) Represents losses of foreclosed properties that were measured subsequent to their initial classification as OREO. Balance excludes OREO related to government insured mortgages.

(c) 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

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 September 30, 2017 and December 31, 2016:

(Dollars in thousands)
Level 3 Class	Fair Value at September 30, 2017		Valuation Techniques	Unobservable Input	Values Utilized
Available-for-sale- securities SBA-interest only strips	$	3,123	Discounted cash flow	Constant prepayment rate	9% - 10%
				Bond equivalent yield	14%- 19%
Loans held-for-sale - residential real estate	20,692		Discounted cash flow	Prepayment speeds - First mortgage	2% - 12%
				Prepayment speeds - HELOC	3% - 12%
				Foreclosure losses	50% - 70%
				Loss severity trends - First mortgage	5% - 50% of UPB
				Loss severity trends - HELOC	15% - 100% of UPB
Loans held-for-sale- unguaranteed interest in SBA loans	1,484		Discounted cash flow	Constant prepayment rate	8% - 12%
				Bond equivalent yield	9% - 10%
Derivative liabilities, other	5,530		Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	18 - 48 months
Loans, net of unearned income (a)	23,210		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
OREO (b)	7,877		Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)	27,394		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 OREO. Balance excludes OREO related to government insured mortgages.

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

(Dollars in thousands)
Level 3 Class	Fair Value at December 31, 2016		Valuation Techniques	Unobservable Input	Values Utilized
Loans held-for-sale - residential real estate	$	22,562	Discounted cash flow	Prepayment speeds - First mortgage	2% - 13%
				Prepayment speeds - HELOC	3% - 15%
				Foreclosure Losses	50% - 70%
				Loss severity trends - First mortgage	5% - 50% of UPB
				Loss severity trends - HELOC	15% - 100% of UPB
Derivative liabilities, other	6,245		Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	24 - 54 months
Loans, net of unearned income (a)	31,070		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
OREO (b)	11,235		Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)	29,609		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 OREO. Balance excludes OREO related to government insured mortgages.

(c) 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.

	September 30, 2017
(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	$	21,808	$	30,686	$	(8,878	)
Nonaccrual loans	6,428		11,551		(5,123		)
Loans 90 days or more past due and still accruing	44		175		(131		)
	December 31, 2016
(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	$	24,269	$	35,262	$	(10,993	)
Nonaccrual loans	6,775		12,910		(6,135		)
Loans 90 days or more past due and still accruing	211		331		(120		)

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 September 30				Nine Months Ended September 30
(Dollars in thousands)	2017		2016		2017		2016
Changes in fair value included in net income:
Mortgage banking noninterest income
Loans held-for-sale	$	390	$	1,604	$	1,722	$	2,375

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

The following table summarizes the book value and estimated fair value of financial instruments recorded in the Consolidated Condensed Statements of Condition as of September 30, 2017:

	September 30, 2017
	Book Value		Fair Value
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
Commercial:
Commercial, financial and industrial	$	12,693,639	$	—	$	—	$	12,658,237	$	12,658,237
Commercial real estate	2,221,332		—		—		2,208,208		2,208,208
Consumer:
Consumer real estate	4,328,778		—		—		4,252,704		4,252,704
Permanent mortgage	387,363		—		—		392,407		392,407
Credit card & other	340,112		—		—		340,168		340,168
Total loans, net of unearned income and allowance for loan losses	19,971,224		—		—		19,851,724		19,851,724
Short-term financial assets:
Interest-bearing cash	604,326		604,326		—		—		604,326
Federal funds sold	76,316		—		76,316		—		76,316
Securities purchased under agreements to resell	663,637		—		663,637		—		663,637
Total short-term financial assets	1,344,279		604,326		739,953		—		1,344,279
Trading securities (a)	1,469,402		—		1,467,097		2,305		1,469,402
Loans held-for-sale (a)	339,780		—		246,441		94,000		340,441
Securities available-for-sale (a) (b)	3,963,138		24,756		3,773,600		164,782		3,963,138
Securities held-to-maturity	10,000		—		—		9,985		9,985
Derivative assets (a)	80,976		10,003		70,973		—		80,976
Other assets:
Tax credit investments	120,701		—		—		121,435		121,435
Deferred compensation assets	34,951		34,951		—		—		34,951
Total other assets	155,652		34,951		—		121,435		156,386
Nonearning assets:
Cash & due from banks	347,802		347,802		—		—		347,802
Fixed income receivables	68,750		—		68,750		—		68,750
Accrued interest receivable	70,058		—		70,058		—		70,058
Total nonearning assets	486,610		347,802		138,808		—		486,610
Total assets	$	27,821,061	$	1,021,838	$	6,436,872	$	20,244,231	$	27,702,941
Liabilities:
Deposits:
Defined maturity	$	1,112,098	$	—	$	1,108,919	$	—	$	1,108,919
Undefined maturity	20,987,156		—		20,987,156		—		20,987,156
Total deposits	22,099,254		—		22,096,075		—		22,096,075
Trading liabilities (a)	579,028		—		579,028		—		579,028
Short-term financial liabilities:
Federal funds purchased	292,650		—		292,650		—		292,650
Securities sold under agreements to repurchase	516,867		—		516,867		—		516,867
Other short-term borrowings	1,637,419		—		1,637,419		—		1,637,419
Total short-term financial liabilities	2,446,936		—		2,446,936		—		2,446,936
Term borrowings:
Real estate investment trust-preferred	46,083		—		—		49,350		49,350
Term borrowings—new market tax credit investment	18,000		—		—		17,959		17,959
Secured borrowings	42,585		—		—		42,184		42,184
Other long term borrowings	952,839		—		968,297		—		968,297
Total term borrowings	1,059,507		—		968,297		109,493		1,077,790
Derivative liabilities (a)	83,146		7,627		69,989		5,530		83,146
Other noninterest-bearing liabilities:
Fixed income payables	44,304		—		44,304		—		44,304
Accrued interest payable	19,205		—		19,205		—		19,205
Total other noninterest-bearing liabilities	63,509		—		63,509		—		63,509
Total liabilities	$	26,331,380	$	7,627	$	26,223,834	$	115,023	$	26,346,484

(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 $68.6 million.

The following table summarizes the book value and estimated fair value of financial instruments recorded in the Consolidated Statements of Condition as of December 31, 2016:

	December 31, 2016
	Book Value		Fair Value
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
Commercial:
Commercial, financial and industrial	$	12,058,689	$	—	$	—	$	11,918,374	$	11,918,374
Commercial real estate	2,101,671		—		—		2,078,306		2,078,306
Consumer:
Consumer real estate	4,473,395		—		—		4,385,669		4,385,669
Permanent mortgage	406,836		—		—		404,930		404,930
Credit card & other	346,861		—		—		347,577		347,577
Total loans, net of unearned income and allowance for loan losses	19,387,452		—		—		19,134,856		19,134,856
Short-term financial assets:
Interest-bearing cash	1,060,034		1,060,034		—		—		1,060,034
Federal funds sold	50,838		—		50,838		—		50,838
Securities purchased under agreements to resell	613,682		—		613,682		—		613,682
Total short-term financial assets	1,724,554		1,060,034		664,520		—		1,724,554
Trading securities (a)	897,071		—		894,498		2,573		897,071
Loans held-for-sale (a)	111,248		—		6,631		104,617		111,248
Securities available-for-sale (a) (b)	3,943,499		25,249		3,756,745		161,505		3,943,499
Securities held-to-maturity	14,347		—		—		14,773		14,773
Derivative assets (a)	121,654		33,587		88,067		—		121,654
Other assets:
Tax credit investments	100,105		—		—		98,400		98,400
Deferred compensation assets	32,840		32,840		—		—		32,840
Total other assets	132,945		32,840		—		98,400		131,240
Nonearning assets:
Cash & due from banks	373,274		373,274		—		—		373,274
Fixed income receivables	57,411		—		57,411		—		57,411
Accrued interest receivable	62,887		—		62,887		—		62,887
Total nonearning assets	493,572		373,274		120,298		—		493,572
Total assets	$	26,826,342	$	1,524,984	$	5,530,759	$	19,516,724	$	26,572,467
Liabilities:
Deposits:
Defined maturity	$	1,355,133	$	—	$	1,361,104	$	—	$	1,361,104
Undefined maturity	21,317,230		—		21,317,230		—		21,317,230
Total deposits	22,672,363		—		22,678,334		—		22,678,334
Trading liabilities (a)	561,848		—		561,848		—		561,848
Short-term financial liabilities:
Federal funds purchased	414,207		—		414,207		—		414,207
Securities sold under agreements to repurchase	453,053		—		453,053		—		453,053
Other short-term borrowings	83,177		—		83,177		—		83,177
Total short-term financial liabilities	950,437		—		950,437		—		950,437
Term borrowings:
Real estate investment trust-preferred	46,032		—		—		49,350		49,350
Term borrowings—new market tax credit investment	18,000		—		—		17,918		17,918
Borrowings secured by residential real estate	23,126		—		—		21,969		21,969
Other long term borrowings	953,498		—		965,066		—		965,066
Total term borrowings	1,040,656		—		965,066		89,237		1,054,303
Derivative liabilities (a)	135,897		33,274		96,378		6,245		135,897
Other noninterest-bearing liabilities:
Fixed income payables	21,002		—		21,002		—		21,002
Accrued interest payable	10,336		—		10,336		—		10,336
Total other noninterest-bearing liabilities	31,338		—		31,338		—		31,338
Total liabilities	$	25,392,539	$	33,274	$	25,283,401	$	95,482	$	25,412,157

(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 $68.6 million.

The following table presents the contractual amount and fair value of unfunded loan commitments and standby and other commitments as of September 30, 2017 and December 31, 2016:

	Contractual Amount				Fair Value
(Dollars in thousands)	September 30, 2017		December 31, 2016		September 30, 2017		December 31, 2016
Unfunded Commitments:
Loan commitments	$	8,868,115	$	8,744,649	$	2,388	$	2,924
Standby and other commitments	336,953		277,549		4,139		4,037