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Loans (Tables)
 12 Months Ended
Dec. 31, 2012
Loans [Abstract]  
Schedule Of Loans By Portfolio Segment
The following table provides the balance of loans by portfolio segment as of December 31, 2012 and 2011:
         
       
(Dollars in thousands)   2012 2011  
Commercial:         
 Commercial, financial, and industrial  $8,796,956 $8,014,927  
 Commercial real estate         
  Income CRE 1,109,930  1,257,497  
  Residential CRE 58,305  120,913  
Retail:         
 Consumer real estate   5,286,279  5,291,364  
 Permanent mortgage 752,412  787,597  
 Credit card & other 289,105  284,051  
 Restricted real estate loans and secured borrowings (a) 415,595  640,778  
Loans, net of unearned income$16,708,582 $16,397,127  
Allowance for loan losses 276,963  384,351  
Total net loans  $16,431,619 $16,012,776  

  • Balances as of December 31, 2012 and 2011,include $402.4 million and $600.2 million of consumer real estate loans and $13.2 million and $40.6 million of permanent mortgage loans, respectively.
Rollforward Of The Allowance For Loan Losses By Portfolio Segment
The following table provides a rollforward of the allowance for loan losses by portfolio segment for 2012, 2011 and 2010:  
     Commercial Consumer Permanent Credit Card    
(Dollars in thousands)C&I Real Estate Real Estate Mortgage and Other Total 
Balance as of January 1, 2010  $ 276,648 $ 205,725 $ 215,088 $ 123,896 $ 75,557 $ 896,914 
Adjustment due to amendments of ASC 810  -   -   16,106   8,472   -   24,578 
Charge-offs  (97,272)   (127,323)   (233,269)   (71,113)   (47,564)   (576,541) 
Recoveries    11,630   13,030   16,300   1,658   7,230   49,848 
Provision    48,463   63,653   178,125   2,096   (22,337)   270,000 
Balance as of December 31, 2010 (a) (b)  239,469   155,085   192,350   65,009   12,886   664,799 
Allowance - individually evaluated for impairment    61,327   17,395   19,691   16,678   267   115,358 
Allowance - collectively evaluated for impairment    178,142   137,690   172,659   48,331   12,619   549,441 
Loans, net of unearned as of December 31, 2010:                    
 Individually evaluated for impairment    208,077   242,143   67,350   99,190   764   617,524 
 Collectively evaluated for impairment    7,130,078   1,428,381   6,252,062   1,043,367   311,160   16,165,048 
Total loans, net of unearned (a) (b)  7,338,155   1,670,524   6,319,412   1,142,557   311,924   16,782,572 
Balance as of January 1, 2011    239,469   155,085   192,350   65,009   12,886   664,799 
Charge-offs (c)  (76,728)   (41,147)   (164,922)   (75,218)   (19,253)   (377,268) 
Recoveries    16,562   11,047   16,019   5,375   3,817   52,820 
Provision    (48,890)   (69,399)   121,630   31,028   9,631   44,000 
Balance as of December 31, 2011 (a) (b)  130,413   55,586   165,077   26,194   7,081   384,351 
Allowance - individually evaluated for impairment    28,973   8,214   44,606   6,015   333   88,141 
Allowance - collectively evaluated for impairment    101,440   47,372   120,471   20,179   6,748   296,210 
Loans, net of unearned as of December 31, 2011:                    
 Individually evaluated for impairment    164,217   115,319   112,231   80,960   1,117   473,844 
 Collectively evaluated for impairment    7,850,710   1,263,091   5,779,315   747,233   282,934   15,923,283 
Total loans, net of unearned (a) (b)  8,014,927   1,378,410   5,891,546   828,193   284,051   16,397,127 
Balance as of January 1, 2012    130,413   55,586   165,077   26,194   7,081   384,351 
Charge-offs (d)  (30,887)   (19,977)   (147,918)   (13,604)   (12,624)   (225,010) 
Recoveries    11,151   4,475   17,770   3,024   3,202   39,622 
Provision (e)  (14,486)   (20,087)   94,020   9,314   9,239   78,000 
Balance as of December 31, 2012 (a) (b)  96,191   19,997   128,949   24,928   6,898   276,963 
Allowance - individually evaluated for impairment    17,799   156   35,289   21,713   203   75,160 
Allowance - collectively evaluated for impairment    78,392   19,841   93,660   3,215   6,695   201,803 
Loans, net of unearned as of December 31, 2012:                    
 Individually evaluated for impairment    123,636   49,517   160,000   135,307   818   469,278 
 Collectively evaluated for impairment    8,673,320   1,118,718   5,528,703   630,276   288,287   16,239,304 
Total loans, net of unearned (a) (b)$ 8,796,956 $ 1,168,235 $ 5,688,703 $ 765,583 $ 289,105 $ 16,708,582 
Certain previously reported amounts have been reclassified to agree with current presentation. 

  • Consumer real estate includes $13.3 million, $25.7 million and $42.1 million of reserves, respectively, and $402.4 million, $600.2 million and $701.8 million of balances in restricted loans and secured borrowings as of December 31, 2012, 2011, and 2010, respectively.
  • Permanent mortgage includes $0.8 million, $6.1 million and $5.4 million of reserves, respectively, and $13.2 million, $40.6 million and $55.7 million of balances in restricted loans and secured borrowings as of December 31, 2012, 2011, and 2010, respectively.
  • 2011 includes $40.2 million of charge-offs associated with loan sales, a majority of which were nonperforming permanent mortgages.
  • 2012 includes approximately $33 million of charge-offs associated with discharged bankruptcies, largely included in the consumer real estate portfolio segment.
  • 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.
Information By Class Related To Individually Impaired Loans
Impaired Loans               
                 
The following tables provide information at December 31, 2012 and 2011, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, LOCOM has been excluded.  
        
             
  2012 
     Unpaid    Average Interest 
  RecordedPrincipalRelatedRecorded Income 
(Dollars in thousands)InvestmentBalanceAllowanceInvestment Recognized 
Impaired loans with no related allowance recorded:             
Commercial:               
 General C&I$60,313 $78,287 $ - $63,145 $ 669 
 TRUPs 24,000  24,000   -  43,848   - 
 Income CRE 33,800  45,876   -  52,812   324 
 Residential CRE 14,639  22,045   -  21,502   268 
 Total$132,752 $170,208 $0 $181,307 $ 1,261 
Retail:               
 HELOC (a)$20,338 $37,884 $ - $4,214 $ - 
 R/E installment loans (a) 10,322  12,917   -  2,401   - 
 Permanent mortgage (a) 11,616  11,616   -  3,148   - 
 Total$42,276 $62,417 $0 $9,763 $ - 
Impaired loans with related allowance recorded:             
Commercial:               
 General C&I$10,301 $10,301 $1,991 $16,182 $ 100 
 TRUPs 33,700  33,700  15,808  33,700   - 
 Income CRE 1,078  1,078  156  1,699   54 
 Residential CRE 0  0  0  11,873   - 
 Total$45,079 $45,079 $17,955 $63,454 $ 154 
Retail:               
 HELOC$59,650 $59,650 $15,372 $55,348 $ 1,597 
 R/E installment loans 69,690  69,690  19,917  67,409   1,136 
 Permanent mortgage 123,691  123,691  21,713  108,942   2,818 
 Credit card & other 818  818  203  960   32 
 Total$253,849 $253,849 $57,205 $232,659 $ 5,583 
Total commercial$177,831 $215,287 $17,955 $244,761 $ 1,415 
Total retail$296,125 $316,266 $57,205 $242,422 $ 5,583 
Total impaired loans$473,956 $531,553 $75,160 $487,183 $ 6,998 

  • All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

             
  2011 
     Unpaid    Average Interest 
  RecordedPrincipalRelatedRecordedIncome 
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognized 
Impaired loans with no related allowance recorded:             
Commercial:               
 General C&I$74,981 $95,468 $ - $58,423 $ 1,099 
 TRUPs 47,000  47,000   -  37,500   - 
 Income CRE 67,653  122,183   -  87,771   821 
 Residential CRE 24,290  40,546   -  41,846   507 
 Total$213,924 $305,197 $ - $225,540 $ 2,427 
Impaired loans with related allowance recorded:             
Commercial:               
 General C&I$14,444 $20,778 $5,148 $63,992 $ 210 
 TRUPs 33,700  33,700  23,825  31,850   - 
 Income CRE 2,222  2,222  243  18,381   41 
 Residential CRE 21,153  21,153  7,971  30,733   - 
 Total$71,519 $77,853 $37,187 $144,956 $ 251 
Retail:               
 HELOC$49,919 $49,919 $21,548 $37,647 $ 891 
 R/E installment loans 62,312  62,312  23,058  53,356   860 
 Permanent mortgage 80,960  80,960  6,015  88,863   2,066 
 Credit card & other 1,117  1,117  333  941   48 
 Total$194,308 $194,308 $ 50,954 $180,807 $ 3,865 
Total commercial$285,443 $383,050 $37,187 $370,496 $ 2,678 
Total retail$194,308 $194,308 $50,954 $180,807 $ 3,865 
Total impaired loans$479,751 $577,358 $88,141 $551,303 $ 6,543 
  
Certain previously reported amounts have been reclassified to agree with current presentation. 
Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade
The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of December 31, 2012 and 2011:  
 December 31, 2012 
    Loans to               Allowance 
 General Mortgage    IncomeResidential  Percentage for Loan
(Dollars in thousands)C&I Companies TRUPS (a) CRECRETotalof Total Losses
PD Grade:                       
1$ 223,753 $ - $ - $ - $ - $ 223,753 2%  $ 68 
2  138,496   -   -   2,538   -   141,034 1     94 
3  182,611   -   -   6,300   -   188,911 2     113 
4  272,054   -   -   5,640   21   277,715 3     325 
5  636,316   -   -   51,342   329   687,987 7     1,712 
6  904,504   135,403   -   172,890   6,348   1,219,145 12     3,736 
7  1,033,442   500,936   -   162,352   2,069   1,698,799 17     4,379 
8  1,022,304   720,352   -   178,995   192   1,921,843 20     7,899 
9  586,753   386,751   -   154,323   814   1,128,641 11     10,231 
10  479,752   80,543   -   116,512   1,529   678,336 7     8,938 
11  468,761   -   -   58,432   1,558   528,751 5     10,457 
12  168,556   -   -   21,674   190   190,420 2     3,337 
13  124,950   -   338,177   50,353   13,147   526,627 5     9,814 
14,15,16  248,026   362   20,518   93,701   17,469   380,076 4     37,130 
Collectively evaluated for impairment  6,490,278   1,824,347   358,695   1,075,052   43,666   9,792,038 98     98,233 
Individually evaluated for impairment  70,614   -   53,022   34,878   14,639   173,153 2     17,955 
Total commercial loans$ 6,560,892 $ 1,824,347 $ 411,717 $ 1,109,930 $ 58,305 $ 9,965,191 100%  $ 116,188 

 December 31, 2011 
    Loans to               Allowance 
 GeneralMortgage  IncomeResidential  Percent offor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalTotalLosses
PD Grade:                       
1$ 171,599 $ - $0 $ - $ - $ 171,599 2% $ 17 
2  155,954   -  0   2,620   -   158,574 2   37 
3  161,802   -  0   19,487   -   181,289 2   143 
4  220,874   -  0   6,796   95   227,765 2   507 
5  384,731   -  0   25,383   120   410,234 4   1,290 
6  892,790   156,599  0   115,155   4,175   1,168,719 12   5,388 
7  892,122   663,592  0   174,938   5,707   1,736,359 19   9,394 
8  978,387   391,075  0   144,159   862   1,514,483 16   14,506 
9  634,339   155,152  0   152,338   2,830   944,659 10   14,599 
10  476,705   27,282  0   108,205   1,284   613,476 7   10,925 
11  432,244   -  0   122,898   1,614   556,756 6   13,763 
12  157,120   -   -   15,012   4,370   176,502 2   5,330 
13  264,109   -   334,099   75,226   7,437   680,871 7   15,331 
14,15,16  295,563   491   4,081   225,405   46,975   572,515 6   57,582 
Collectively evaluated for impairment 6,118,339   1,394,191   338,180   1,187,622   75,469  9,113,801 97   148,812 
Individually evaluated for impairment  89,424  0   74,793   69,875   45,444   279,536 3   37,187 
Total commercial loans$6,207,763 $ 1,394,191 $ 412,973 $1,257,497 $ 120,913 $9,393,337 100% $ 185,999 
Certain previously reported amounts have been reclassified to agree with current presentation. 

  • Balances as of December 31, 2012 and 2011, presented net of $34.2 million in LOCOM. Based on the underlying structure of the notes, the highest possible internal grade is "13".
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC
The following tables reflect period-end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of December 31, 2012 and 2011:
                    
HELOC                  
(Dollars in thousands) December 31, 2012 December 31, 2011 
     Average Average    Average Average 
  Period End OriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalance (a) FICOFICOBalance (a)FICOFICO
pre-2003$ 121,429  716  708 $ 182,448  723  719 
2003  224,840  733  724   273,277  733  726 
2004  492,482  727  718   588,016  728  720 
2005  616,956  734  719   731,689  734  722 
2006  455,425  741  727   543,944  741  726 
2007  480,057  745  728   565,192  746  732 
2008  259,298  755  748   293,168  755  749 
2009  142,069  752  747   179,120  754  755 
2010  141,286  754  751   174,151  755  757 
2011  137,966  760  758   159,030  760  758 
2012  154,883  761  759  N/A  N/A  N/A 
Total$3,226,691  741  730 $3,690,035  740  731 

(a)        Balances as of December 31, 2012 and 2011 include $402.4 million and $600.2 million of restricted loan and secured borrowing balances, respectively.

 
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans
                    
R/E Installment LoansDecember 31, 2012December 31, 2011
(Dollars in thousands)    Average Average    Average Average 
  Period End Origination Refreshed Period End Origination Refreshed 
Origination VintageBalance  FICO FICO Balance FICO FICO 
pre-2003$ 36,982  686  684 $ 56,306  689  687 
2003  111,571  720  728   162,598  722  732 
2004  72,280  705  705   97,313  710  708 
2005  209,290  718  712   271,551  720  714 
2006  224,722  718  704   295,365  721  706 
2007  317,846  727  711   415,471  730  714 
2008  113,279  727  722   152,820  734  729 
2009  59,800  746  743   93,583  751  751 
2010  153,172  746  753   195,772  747  753 
2011  409,574  760  762   460,732  760  759 
2012  753,496  764  761  N/A  N/A  N/A 
Total$2,462,012  743  738 $2,201,511  734  729 
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans
                    
Permanent MortgageDecember 31, 2012December 31, 2011
(Dollars in thousands)    Average Average    Average Average 
  Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalance (a) FICOFICOBalance (a)FICOFICO
pre-2004 (b)$ 200,999  725  728 $ 166,104  726  739 
2004  29,948  714  691   32,350  719  690 
2005  49,055  740  713   60,966  740  733 
2006  92,863  733  713   112,158  735  710 
2007  267,367  734  711   306,776  734  706 
2008  125,351  741  712   149,839  742  718 
Total$ 765,583  732  711 $828,193  734  717 
                    
Certain previously reported amounts have been reclassified to agree with current presentations. 

  • Balances as of December 31, 2012 and 2011 include $13.2 million and $40.6 million of restricted loans and secured borrowing balances, respectively.
  • Increase in 2012 balance within the 2003 vintage reflected the impact of clean-up calls exercised by FHN during 2012.

 
Accruing Delinquency Amounts For Credit Card And Other Portfolio Classes
The following table reflects accruing delinquency amounts for the credit card and other portfolio classes as of December 31:
             
 Credit Card Other 
(Dollars in thousands)2012 2011 2012 2011 
Accruing delinquent balances:            
30-89 days past due$ 1,731 $ 1,868 $626 $405 
90+ days past due  1,707   1,422  126  80 
Total$ 3,438 $ 3,290 $ 752 $485 
Accruing And Non-Accruing Loans By Class
The following table reflects accruing and non-accruing loans by class on December 31, 2012: 
                             
  Accruing Non-Accruing   
     30-89 90 +       30-89 90 + Total    
     Days Past Days Total    Days Days Non- Total 
(Dollars in thousands) Current Due Past Due Accruing Current  Past Due Past Due Accruing Loans 
Commercial (C&I):                           
General C&I$ 6,473,770 $ 17,484 $ 422 $ 6,491,676 $ 28,553 $ 3,631 $ 37,032 $ 69,216 $ 6,560,892 
Loans to mortgage companies  1,822,471   1,514   -   1,823,985   -   -   362   362   1,824,347 
TRUPs (a)  358,695   -   -   358,695   -   -   53,022   53,022   411,717 
Total commercial C&I  8,654,936   18,998   422   8,674,356   28,553   3,631   90,416   122,600   8,796,956 
Commercial real estate:                           
Income CRE  1,072,436   4,535   -   1,076,971   8,336   920   23,703   32,959   1,109,930 
Residential CRE  45,694   -   -   45,694   1,531   -   11,080   12,611   58,305 
Total                           
  commercial real estate  1,118,130   4,535   -  1,122,665 9,867  920  34,783  45,570  1,168,235
Consumer real estate:                           
HELOC (b)  3,137,361   29,704   21,446   3,188,511   25,254   2,263   10,663   38,180   3,226,691 
R/E installment loans  2,409,336   17,454   8,957   2,435,747   17,272   2,394   6,599   26,265   2,462,012 
Total consumer real estate  5,546,697   47,158   30,403   5,624,258   42,526   4,657   17,262   64,445   5,688,703 
Permanent mortgage (b)  715,425   7,845   9,592   732,862   11,426   2,542   18,753   32,721   765,583 
Credit card & other                           
Credit card  179,171   1,731   1,707   182,609   -   -   -   -   182,609 
Other  104,046   626   126   104,798   1,698   -   -   1,698   106,496 
Total credit card & other  283,217   2,357   1,833   287,407   1,698   -   -   1,698   289,105 
Total loans, net of unearned (c)$ 16,318,405 $ 80,893 $ 42,250 $ 16,441,548 $ 94,070 $ 11,750 $ 161,214 $ 267,034 $ 16,708,582 

  • Total TRUPs includes LOCOM valuation allowance of $34.2 million.
  • Includes restricted real estate loans and secured borrowings.
  • The non-accruing balance as of December 31, 2012 includes $30.7 million of HELOC and R/E installment nonperforming loans, and $11.6 million of permanent mortgage nonperforming loans related to discharged bankruptcies. Approximately 80 percent of these nonperforming loans are current.

The following table reflects accruing and non-accruing loans by class on December 31, 2011:
  Accruing Non-Accruing   
     30-89 Days 90 + Days Total    30-89 Days 90 + Days Total Non-   
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingTotal Loans
Commercial (C&I) :                           
General C&I$6,109,008 $11,576 $234 $6,120,818 $42,396 $12,938 $31,611 $86,945 $6,207,763 
Loans to mortgage companies 1,393,660  40  0  1,393,700  0   -  491  491  1,394,191 
TRUPs (a) 338,180  0  0  338,180  0   -  74,793  74,793  412,973 
Total commercial C&I 7,840,848  11,616  234  7,852,698  42,396  12,938  106,895  162,229  8,014,927 
Commercial real estate:                           
Income CRE 1,178,708  9,610  0  1,188,318  20,272  2,125  46,782  69,179  1,257,497 
Residential CRE 74,252  875  0  75,127  25,149  7,359  13,278  45,786  120,913 
Total commercial real estate 1,252,960  10,485  0  1,263,445  45,421  9,484  60,060  114,965  1,378,410 
Consumer real estate:                           
HELOC (b) 3,598,926  44,728  25,978  3,669,632  10,446  1,079  8,878  20,403  3,690,035 
R/E installment loans 2,145,181  26,310  11,647  2,183,138  11,781  1,358  5,234  18,373  2,201,511 
Total consumer real estate 5,744,107  71,038  37,625  5,852,770  22,227  2,437  14,112  38,776  5,891,546 
Permanent mortgage (b) 764,388  15,401  12,415  792,204  15,066  342  20,581  35,989  828,193 
Credit card & other                           
Credit card 188,702  1,868  1,422  191,992  0  0  0  0  191,992 
Other 89,433  405  80  89,918  5  0  2,136  2,141  92,059 
Total credit card & other 278,135  2,273  1,502  281,910  5  0  2,136  2,141  284,051 
Total loans, net of unearned$15,880,438 $110,813 $51,776 $16,043,027 $125,115 $25,201 $203,784 $354,100 $16,397,127 

  • Total TRUPs includes LOCOM valuation allowance of $34.2 million.
  • Includes restricted real estate loans and secured borrowings.
Schedule Of Troubled Debt Restructurings Occurring During The Year
The following tables reflect portfolio loans that were classified as TDRs during the years ended December 31, 2012 and 2011: 
 2012 2011 
    Pre-Modification Post-Modification   Pre-Modification Post-Modification 
    Outstanding Outstanding   Outstanding Outstanding 
(Dollars in thousands) Number Recorded Investment Recorded Investment Number Recorded Investment Recorded Investment 
Commercial (C&I):                 
General C&I  25 $ 24,451 $ 24,620  18 $ 15,960 $ 15,524 
Total commercial (C&I)  25   24,451   24,620  18   15,960   15,524 
Commercial real estate:                 
Income CRE  10   13,381   12,836  13   13,630   13,155 
Residential CRE  2   88   87  6   2,257   2,735 
Total commercial real estate  12   13,469   12,923  19   15,887   15,890 
Consumer real estate:                 
HELOC   901   35,078   34,852  169   21,093   20,992 
R/E installment loans  738   31,870   30,993  147   21,044   21,249 
Total consumer real estate  1,639   66,948   65,845  316   42,137   42,241 
Permanent mortgage   140   74,245   74,055  129   79,776   82,633 
Credit card & other  201   1,121   1,081  102   451   590 
Total troubled debt restructurings  2,017 $ 180,234 $ 178,524  584 $ 154,211 $ 156,878 
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
 2012 2011
    Recorded    Recorded
(Dollars in thousands)Number Investment Number Investment
Commercial (C&I):           
General C&I  38 $ 29,295   43 $ 31,663
Total commercial (C&I)  38   29,295   43   31,663
Commercial real estate:           
Income CRE  23   20,172   24   26,563
Residential CRE  4   292   15   18,512
Total commercial real estate  27   20,464   39   45,075
Consumer real estate:           
HELOC  34   3,722   35   6,041
R/E installment loans  36   3,619   26   2,421
Total consumer real estate  70   7,341   61   8,462
Permanent mortgage  15   6,014   37   37,976
Credit card & other  20   72   51   3,842
Total troubled debt restructurings  170 $ 63,186   231 $ 127,018