Fair Value Of Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Of Assets And Liabilities [Abstract]

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

Recurring Fair Value Measurements
The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2012:
			December 31, 2012
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	97,965	$	-	$	97,965
	Government agency issued MBS			-		360,400		-		360,400
	Government agency issued CMO			-		209,869		-		209,869
	Other U.S. government agencies			-		279,164		-		279,164
	States and municipalities			-		35,178		-		35,178
	Corporate and other debt			-		244,022		5		244,027
	Equity, mutual funds, and other			-		18,130		-		18,130
		Total trading securities - capital markets		-		1,244,728		5		1,244,733
Trading securities - mortgage banking
	Principal only			-		-		5,480		5,480
	Interest only			-		-		12,507		12,507
		Total trading securities - mortgage banking		-		-		17,987		17,987
Loans held-for-sale				-		2,349		221,094		223,443
Securities available for sale:
	U.S. treasuries			-		39,999		-		39,999
	Government agency issued MBS			-		1,136,580		-		1,136,580
	Government agency issued CMO			-		1,649,211		-		1,649,211
	Other U.S. government agencies			-		-		3,753		3,753
	States and municipalities			-		13,755		1,500		15,255
	Corporate and other debt			510		-		-		510
	Venture capital			-		-		4,300		4,300
	Equity, mutual funds, and other			14,767		-		-		14,767
		Total securities available-for-sale		15,277		2,839,545		9,553		2,864,375
Mortgage servicing rights				-		-		114,311		114,311
Other assets:
	Deferred compensation assets			22,477		-		-		22,477
	Derivatives, forwards and futures			1,850		-		-		1,850
	Derivatives, interest rate contracts			-		290,617		-		290,617
	Derivatives, other			-		5		-		5
		Total other assets		24,327		290,622		-		314,949
		Total assets	$	39,604	$	4,377,244	$	362,950	$	4,779,798
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	376,790	$	-	$	376,790
	Government agency issued MBS			-		43		-		43
	Other U.S. government agencies			-		21,887		-		21,887
	States and municipalities			-		960		-		960
	Corporate and other debt			-		164,749		-		164,749
		Total trading liabilities - capital markets		-		564,429		-		564,429
Other short-term borrowings				-		-		11,156		11,156
Other liabilities:
	Derivatives, forwards and futures			2,546		-		-		2,546
	Derivatives, interest rate contracts			-		197,548		-		197,548
	Derivatives, other			-		-		2,175		2,175
		Total other liabilities		2,546		197,548		2,175		202,269
		Total liabilities	$	2,546	$	761,977	$	13,331	$	777,854

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of December 31, 2011:
			December 31, 2011
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	53,656	$	-	$	53,656
	Government agency issued MBS			-		314,002		-		314,002
	Government agency issued CMO			-		129,270		-		129,270
	Other U.S. government agencies			-		173,982		-		173,982
	States and municipalities			-		24,525		-		24,525
	Corporate and other debt			-		265,926		5		265,931
	Equity, mutual funds, and other			-		746		-		746
		Total trading securities - capital markets		-		962,107		5		962,112
Trading securities - mortgage banking
	Principal only			-		8,052		-		8,052
	Interest only			-		-		18,054		18,054
		Total trading securities - mortgage banking		-		8,052		18,054		26,106
Loans held-for-sale				-		10,902		210,487		221,389
Securities available for sale:
	U.S. treasuries			-		40,121		-		40,121
	Government agency issued MBS			-		1,410,228		-		1,410,228
	Government agency issued CMO			-		1,357,943		-		1,357,943
	Other U.S. government agencies			-		10,189		5,762		15,951
	States and municipalities			-		16,570		1,500		18,070
	Corporate and other debt			529		-		-		529
	Venture capital			-		-		12,179		12,179
	Equity, mutual funds, and other			13,261		-		-		13,261
		Total securities available-for-sale		13,790		2,835,051		19,441		2,868,282
Mortgage servicing rights				-		-		144,069		144,069
Other assets:
	Deferred compensation assets			22,796		-		-		22,796
	Derivatives, forwards and futures			39,733		-		-		39,733
	Derivatives, interest rate contracts			-		326,566		-		326,566
	Derivatives, other			-		2		-		2
		Total other assets		62,529		326,568		-		389,097
		Total assets	$	76,319	$	4,142,680	$	392,056	$	4,611,055
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	190,725	$	-	$	190,725
	Government agency issued MBS			-		736		-		736
	Corporate and other debt			-		155,824		-		155,824
		Total trading liabilities - capital markets		-		347,285		-		347,285
Other short-term borrowings				-		-		14,833		14,833
Other liabilities:
	Derivatives, forwards and futures			7,243		-		-		7,243
	Derivatives, interest rate contracts			-		234,204		-		234,204
	Derivatives, other			-		1		11,820		11,821
		Total other liabilities		7,243		234,205		11,820		253,268
		Total liabilities	$	7,243	$	581,490	$	26,653	$	615,386

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

Changes in Recurring Level 3 Fair Value Measurements
The changes in Level 3 assets and liabilities measured at fair value for the twelve months ended December 31, 2012, 2011, and 2010, on a recurring basis are summarized as follows:
			Twelve Months Ended December 31, 2012
											Securities available-for-sale					Mortgage								Other
			Trading			Loans held-				Investment			Venture			servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital			rights, net				liabilities				borrowings
Balance on January 1, 2012			$	18,059			$	210,487			$	7,262	$	12,179			$	144,069			$	(11,820)			$	(14,833)
	Total net gains/(losses) included in:
		Net income		3,678				(2,618)				-		371				(5,075)				(1,757)				3,677
		Other comprehensive income		-				-				(234)		-				-				-				-
	Purchases			-				60,111				-		-				-				-				-
	Issuances			-				-				-		-				-				-				-
	Sales			-				-				-		(8,250)				-				-				-
	Settlements			(9,225)				(27,032)				(1,775)		-				(24,683)				11,402				-
	Net transfers into/(out of) Level 3			5,480				(19,854)	(c)			-		-				-				-				-
Balance on December 31, 2012			$	17,992			$	221,094			$	5,253	$	4,300			$	114,311			$	(2,175)			$	(11,156)
Net unrealized gains/(losses) included in net income			$	2,084	(a)		$	(2,618)	(a)		$	-	$	(4,700)	(b)		$	(3,957)	(a)		$	(1,757)	(d)		$	3,677	(a)

			Twelve Months Ended December 31, 2011
											Securities available-for-sale					Mortgage								Other
			Trading			Loans held-				Investment			Venture			servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital			rights, net				liabilities				borrowings
Balance on January 1, 2011			$	26,478			$	207,632			$	39,391	$	13,179			$	207,319			$	(1,000)			$	(27,309)
	Total net gains/(losses) included in:
		Net income		3,796				(368)				-		-				(41,260)				(9,414)				12,476
		Other comprehensive income		-				-				(1,688)		-				-				-				-
	Purchases			-				49,323				-		-				-				-				-
	Issuances			-				-				-		-				-				(2,500)				-
	Sales			(132)				-				(29,217)		(1,000)				-				-				-
	Settlements			(12,083)				(37,198)				(1,224)		-				(21,990)				1,094				-
	Net transfers into/(out of) Level 3			-				(8,902)	(c)			-		-				-				-				-
Balance on December 31, 2011			$	18,059			$	210,487			$	7,262	$	12,179			$	144,069			$	(11,820)			$	(14,833)
Net unrealized gains/(losses) included in net income			$	2,205	(a)		$	(368)	(a)		$	-	$	-	(b)		$	(40,076)	(a)		$	(9,414)	(d)		$	12,476	(a)

				Twelve Months Ended December 31, 2010
										Securities available-for-sale						Mortgage								Other
			Trading			Loans held-				Investment			Venture			servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			capital			rights				liabilities				borrowings
Balance on January 1, 2010			$	56,132			$	206,227			$	99,173	$	15,743			$	302,611			$	-			$	(39,662)
Adjustment due to adoption of amendments to ASC 810				(4,776)				-				-		-				(2,293)				-				-
	Total net gains/(losses) included in:
		Net income		8,627				(17,991)				-		(2,962)				(31,146)				-				12,353
		Other comprehensive income		-				-				(2,302)		-				-				-				-
Purchases, sales, issuances, and settlements, net				(33,505)				19,396	(c)			(57,480)		398				(61,853)				(1,000)				-
Balance on December 31, 2010			$	26,478			$	207,632			$	39,391	$	13,179			$	207,319			$	(1,000)			$	(27,309)
Net unrealized gains/(losses) included in net income			$	5,467	(a)		$	(17,991)	(a)		$	-	$	(2,962)	(b)		$	(27,153)	(a)		$	(1,000)	(d)		$	(12,353)	(a)

Certain previously reported amounts have been reclassified to agree with current presentation.

• Primarily included in mortgage banking income on the Consolidated Statements of Income.
• Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income.
• Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
• Included in Other expense

Nonrecurring Fair Value Measurements

									Twelve Months Ended
	Carrying value at December 31, 2012								December 31, 2012
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	23,902	$	-	$	23,902	$	15
Loans held-for-sale - first mortgages		-		-		12,054		12,054		(436)
Loans, net of unearned income (a)		-		-		117,064		117,064		(55,948)
Real estate acquired by foreclosure (b)		-		-		41,767		41,767		(9,422)
Other assets (c)		-		-		76,501		76,501		(8,248)
									$	(74,039)
									Twelve Months Ended
	Carrying value at December 31, 2011								December 31, 2011
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	66,730	$	-	$	66,730	$	(2)
Loans held-for-sale - first mortgages		-		-		11,980		11,980		(5,947)
Loans, net of unearned income (a)		-		-		125,297		125,297		(48,330)
Real estate acquired by foreclosure (b)		-		-		68,884		68,884		(18,358)
Other assets (c)		-		-		91,243		91,243		(12,192)
									$	(84,829)
									Twelve Months Ended
	Carrying value at December 31, 2010								December 31, 2010
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	10,456	$	-	$	10,456	$	60
Loans held-for-sale - first mortgages		-		-		15,289		15,289		(7,249)
Loans, net of unearned income (a)		-		-		213,974		213,974		(156,572)
Real estate acquired by foreclosure (b)		-		-		110,536		110,536		(18,097)
Other assets (c)		-		-		87,667		87,667		(11,145)
									$	(193,003)

• Represents carrying value of loans for which adjustments are based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments.

Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements

Level 3 Measurements
The following table provides information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of December 31, 2012:
(Dollars in Thousands)
	Fair Value at
Level 3 Class	December 31, 2012		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	17,987	Discounted cash flow	(a)	(a)
Loans held-for-sale - mortgages		233,148	Discounted cash flow	Prepayment speeds	6% - 10%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends	50% - 60% of UPB
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights		114,311	Discounted cash flow	(a)	(a)
Other short-term borrowings		11,156	Discounted cash flow	(b)	(b)
Derivative liabilities, other		2,175	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.0 billion
				Probability of resolution scenarios	10%-50%
				Time until resolution	9 - 18 months
Loans, net of unearned income (c)		117,064	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates	20% - 50% of gross value
				Financial Statements/Auction Values	0% - 25% of reported value
Real estate acquired by foreclosure (d)		41,767	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (e)		76,501	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

• The unobservable inputs for Principal-only and Interest-only trading securities and MSR are discussed in Note 23 – Loan Sales and Securitizations.
• The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR.
• Represents carrying value of loans for which adjustments are based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
• Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
• Represents tax credit investments.

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 mortgages 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.
		December 31, 2012
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Loans held-for-sale reported at fair value:
	Total loans	$	223,443	$	343,450		$	(120,007)
	Nonaccrual loans		51,203		110,386			(59,183)
	Loans 90 days or more past due and still accruing		9,111		20,839			(11,728)
		December 31, 2011
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Loans held-for-sale reported at fair value:
	Total loans	$	221,389	$	307,990		$	(86,601)
	Nonaccrual loans		42,471		93,997			(51,526)
	Loans 90 days or more past due and still accruing		11,486		24,755			(13,269)

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:
				Twelve Months Ended
				December 31
(Dollars in thousands)				2012		2011		2010
Changes in fair value included in net income:
	Capital markets noninterest income
		Trading loans	$	-	$	-	$	11,752
	Mortgage banking noninterest income
		Loans held-for-sale		(2,618)		(368)		(17,991)
		Other short-term borrowings		3,677		12,476		(12,353)

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

				December 31, 2012
				Book		Fair Value
(Dollars in thousands)				Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial		$	8,700,765	$	-	$	-	$	8,546,446	$	8,546,446
		Commercial real estate
			Income CRE		1,094,020		-		-		1,059,979		1,059,979
			Residential CRE		54,218		-		-		54,208		54,208
	Retail:
		Consumer real estate (a)			5,559,754		-		-		4,993,192		4,993,192
		Permanent mortgage (a)			740,655		-		-		617,385		617,385
		Credit card & other			282,207		-		-		283,830		283,830
Total loans, net of unearned income and allowance for loan losses					16,431,619		-		-		15,555,040		15,555,040
Short-term financial assets
	Total interest-bearing cash				353,373		353,373		-		-		353,373
	Total federal funds sold & securities purchased under agreements to resell				636,383		-		636,383		-		636,383
Total short-term financial assets					989,756		353,373		636,383		-		989,756
Trading securities (b)					1,262,720		-		1,244,728		17,992		1,262,720
Loans held-for-sale (b)					401,937		-		26,251		375,686		401,937
Securities available-for-sale (b)(c)					3,061,808		15,277		2,839,545		206,986		3,061,808
Derivative assets (b)					292,472		1,850		290,622		0		292,472
Other assets
	Tax credit investments				76,501		-		-		76,501		76,501
	Deferred compensation assets				22,477		22,477		-		-		22,477
Total other assets					98,978		22,477		-		76,501		98,978
Nonearning assets
	Cash & due from banks				469,879		469,879		-		-		469,879
	Capital markets receivables				303,893		-		303,893		-		303,893
	Accrued interest receivable				72,779		-		72,779		-		72,779
Total nonearning assets					846,551		469,879		376,672		-		846,551
Total assets				$	23,385,841	$	862,856	$	5,414,201	$	16,232,205	$	22,509,262
Liabilities:
Deposits:
	Defined maturity			$	1,523,428	$	-	$	1,556,020	$	-	$	1,556,020
	Undefined maturity				15,106,281		-		15,106,281		-		15,106,281
Total deposits					16,629,709		-		16,662,301		-		16,662,301
Trading liabilities (b)					564,429		-		564,429		-		564,429
Short-term financial liabilities
	Total federal funds purchased & securities sold under agreements to repurchase				1,906,461		-		1,906,461		-		1,906,461
	Total other borrowings				441,201		-		430,045		11,156		441,201
Total short-term financial liabilities					2,347,662		-		2,336,506		11,156		2,347,662
Term borrowings
	Real estate investment trust-preferred				45,760		-		-		42,300		42,300
	Term borrowings - new market tax credit investment				18,000		-		-		18,835		18,835
	Borrowings secured by residential real estate				390,182		-		-		231,041		231,041
	Other long term borrowings				1,772,540		-		1,729,527		-		1,729,527
Total term borrowings					2,226,482		-		1,729,527		292,176		2,021,703
Derivative liabilities (b)					202,269		2,546		197,548		2,175		202,269
Other noninterest-bearing liabilities
	Capital markets payables				296,450		-		296,450		-		296,450
	Accrued interest payable				28,114		-		28,114		-		28,114
Total other noninterest-bearing liabilities					324,564		-		324,564		-		324,564
Total liabilities				$	22,295,115	$	2,546	$	21,814,875	$	305,507	$	22,122,928

• Includes restricted real estate loans and secured borrowings.
• Classes are detailed in the recurring and nonrecurring measurement tables.
• Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million.

		December 31, 2011
		Book		Fair
(Dollars in thousands)		Value		Value
Assets:
Loans, net of unearned income and allowance for loan losses		$	16,012,776	$	15,210,592
Short-term financial assets			896,444		896,444
Trading securities			988,217		988,217
Loans held-for-sale			431,897		431,897
Securities available-for-sale			3,066,272		3,066,272
Derivative assets			366,301		366,301
Other assets			114,039		114,039
Nonearning assets			628,440		628,440
Liabilities:
Deposits:
	Defined maturity	$	1,781,893	$	1,821,457
	Undefined maturity		14,431,116		14,431,116
Total deposits			16,213,009		16,252,573
Trading liabilities			347,285		347,285
Short-term financial liabilities			2,059,602		2,059,602
Term borrowings			2,481,660		2,182,061
Derivative liabilities			253,268		253,268
Other noninterest-bearing liabilities			195,208		195,208

	Contractual Amount				Fair Value
	December 31, 2012		December 31, 2011		December 31, 2012		December 31, 2011
Unfunded Commitments:
Loan commitments	$	7,993,218	$	7,435,227	$	1,765	$	1,358
Standby and other commitments		367,785		359,619		4,933		5,954