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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2013
Derivatives [Abstract]  
Derivatives Associated With Legacy Mortgage Servicing Activities
The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities as of and for the years ended December 31, 2013 and 2012: 
                 
    December 31, 2013 
(Dollars in thousands)Notional Assets Liabilities Gains/(Losses)
Retained Interests Hedging                 
Hedging Instruments:                 
 Forwards and Futures $ -  $ -  $ -  $ (3,047) 
 Interest Rate Swaps and Swaptions  -    -    -    (4,275) 
Hedged Items:                 
 Mortgage Servicing Rights  N/A  $ 70,492   N/A  $ 21,591 
 Other Retained Interests N/A    7,195   N/A    3,813 

                   
    December 31, 2012 
(Dollars in thousands) Notional Assets Liabilities Gains/(Losses)
Retained Interests Hedging                 
Hedging Instruments:                 
 Forwards and Futures$ 55,000  $ -  $ 26  $ 9,993 
 Interest Rate Swaps and Swaptions  1,712,600    7,371    6,350    5,886 
Hedged Items:                 
 Mortgage Servicing Rights  N/A  $ 111,363   N/A  $ (12) 
 Other Retained Interests N/A    17,987   N/A    1,614 
Derivatives Associated With Capital Markets Trading Activities
The following table summarizes FHN’s derivatives associated with capital markets trading activities as of December 31, 2013 and 2012: 
            
 December 31, 2013 
(Dollars in thousands) Notional Assets Liabilities 
Customer Interest Rate Contracts $ 1,786,532  $ 76,980  $ 11,214 
Offsetting Upstream Interest Rate Contracts   1,786,532    11,214    76,980 
Option Contracts Purchased  5,000    9    - 
Forwards and Futures Purchased   1,278,331    2,489    824 
Forwards and Futures Sold   1,445,656    531    3,519 

 December 31, 2012 
(Dollars in thousands) Notional Assets Liabilities 
Customer Interest Rate Contracts $ 1,447,895  $ 128,832  $ 949 
Offsetting Upstream Interest Rate Contracts   1,447,895    949    128,832 
Forwards and Futures Purchased   1,578,656    323    1,920 
Forwards and Futures Sold   2,023,687    1,527    600 
Derivatives Associated With Interest Rate Risk Management Activities
The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the years ended December 31, 2013 and 2012: 
                  
  December 31, 2013  
(Dollars in thousands) Notional Assets Liabilities  Gains/(Losses)  
Customer Interest Rate Contracts Hedging                  
Hedging Instruments and Hedged Items:                  
 Customer Interest Rate Contracts (a)$ 759,830  $ 28,747 $ 3,670   $ (30,057)  
 Offsetting Upstream Interest Rate Contracts (a)  776,236    3,670   29,247     30,547  
Debt Hedging                  
Hedging Instruments:                  
 Interest Rate Swaps (b)$ 1,254,000  $ 58,226 $ 24,904   $ (61,853)  
Hedged Items:                  
 Term Borrowings (b) N/A   N/A $ 1,254,000 (c)  $ 61,853 (d) 

                 
    December 31, 2012  
(Dollars in thousands) Notional Assets Liabilities  Gains/(Losses)  
Customer Interest Rate Contracts Hedging                  
Hedging Instruments and Hedged Items:                  
 Customer Interest Rate Contracts (a)$ 981,264  $ 55,216 $ 292   $ (14,252)  
 Offsetting Upstream Interest Rate Contracts (a)  981,264    292   56,416     15,152  
Debt Hedging                  
Hedging Instruments:                  
 Interest Rate Swaps (b)$ 1,604,000  $ 97,957 $ 2,667   $ (31,565)  
Hedged Items:                
 Term Borrowings (b) N/A   N/A $ 1,604,000 (c)  $ 31,565 (d) 

  • Gains/losses included in the Other expense section of the Consolidated Statements of Income.
  • Gains/losses included in the All other income and commissions section of the Consolidated Statements of Income.
  • Represents par value of term borrowings being hedged.
  • Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships.
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 and for the years ended December 31, 2013 and 2012:
                 
                    
    December 31, 2013  
(Dollars in thousands) Notional Assets  Liabilities Gains/(Losses)  
Loan Portfolio Hedging                    
Hedging Instruments:                    
 Interest Rate Swaps   $ 6,500   N/A   $ 1,006  $ 1,037  
Hedged Items:                    
 Trust Preferred Loans (a)  N/A  $ 6,500 (b)   N/A  $ (1,032) (c) 

                    
                   
    December 31, 2012  
(Dollars in thousands) Notional Assets  Liabilities Gains/(Losses)  
Loan Portfolio Hedging                    
Hedging Instruments:                    
 Interest Rate Swaps   $ 56,750   N/A   $ 2,042  $ 6,766  
Hedged Items:                    
 Trust Preferred Loans (a)  N/A  $ 56,750 (b)   N/A  $ (6,720) (c) 

  • Assets included in the Loans, net of unearned income section of the Consolidated Statements of Condition.
  • Represents principal balance being hedged.
  • 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 a detail of derivative assets and collateral received as presented on the Consolidated Statements of Condition as of December 31: 
                   
           Gross amounts not offset in the     
           Statement of Condition    
    Gross amounts Net amounts of Derivative       
 Gross amounts offset in the  assets presented liabilities       
 of recognized Statement of in the Statement available for Collateral    
(Dollars in thousands)assets Condition of Condition (a) offset Received Net amount 
Derivative assets:                  
2013 (b)$ 178,837 $ - $ 178,837 $ (68,216) $ (110,621) $ - 
2012 (b)  290,617   -   290,617   (24,328)   (254,133)   12,156 

  • Included in Derivative Assets on the Consolidated Statements of Condition. As of December 31, 2013 and 2012, $3.0 million and $1.9 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
  • 2013 and 2012 are comprised entirely of interest rate derivative contracts.
Derivative Liabilities and Collateral Pledged
The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Statements of Condition as of December 31: 
                   
           Gross amounts not offset in the    
           Statement of Condition    
    Gross amounts Net amounts of          
 Gross amounts offset in the liabilities presented Derivative       
 of recognized Statement of in the Statement assets available Collateral    
(Dollars in thousands)liabilities Condition of Condition (a) for offset pledged Net amount 
Derivative liabilities:                  
2013 (b)$ 147,021 $ - $ 147,021 $ (68,216) $ (59,999) $ 18,806 
2012 (b)  197,574   -   197,574   (24,328)   (169,218)   4,028 

  • Included in Derivative Liabilities on the Consolidated Statements of Condition. As of December 31, 2013 and 2012, $7.3 million and $4.7 million, respectively, of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
  • 2013 is comprised entirely of interest rate derivative contracts. 2012 includes $197.5 million of interest rate derivative contracts.