Premises, Equipment And Leases

12 Months Ended

Dec. 31, 2012

Premises, Equipment And Leases [Abstract]

Premises, Equipment And Leases [Text Block]

Note 5 – Premises, Equipment and Leases

Premises and equipment on December 31 are summarized below:
(Dollars in thousands)			2012		2011
Land		$	69,916	$	71,376
Buildings			337,587		341,727
Leasehold improvements			42,442		44,407
Furniture, fixtures, and equipment			206,033		221,544
	Premises and equipment, at cost		655,978		679,054
Less accumulated depreciation and amortization			352,705		357,801
Premises and equipment, net		$	303,273	$	321,253

FHN is obligated under a number of noncancelable operating leases for premises with terms up to 30 years, which may include the payment of taxes, insurance and maintenance costs. Operating leases for equipment are not material.

In 2012, FHN had gains of $3.4 million related to the sale of bank branches which is included in All other income and commissions on the Consolidated Statements of Income.

Minimum future lease payments for noncancelable operating leases, primarily on premises, on December 31, 2012 are shown below:
(Dollars in thousands)
2013	$	18,492
2014		13,944
2015		11,627
2016		10,046
2017		9,375
2018 and after		34,583
Total minimum lease payments	$	98,067

Payments required under capital leases are not material.

Aggregate minimum income under sublease agreements for these periods is $2.3 million.

Rent expense incurred under all operating lease obligations for the years ended December 31 is as follows:
(Dollars in thousands)		2012		2011		2010
Rent expense, gross	$	23,109	$	25,494	$	32,673
Sublease income		(3,365)		(3,883)		(4,275)
Rent expense, net	$	19,744	$	21,611	$	28,398