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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 633,728 $ 781,291
Federal funds sold 46,536 237,591
Securities purchased under agreements to resell (Note 23) 586,629 386,443
Total cash and cash equivalents 1,266,893 1,405,325
Interest-bearing cash 482,405 1,277,611
Trading securities 1,346,207 1,448,168
Loans held-for-sale [1] 593,790 679,149
Securities available-for-sale (Note 3) 4,445,403 4,626,470
Securities held-to-maturity (Note 3) 10,000 10,000
Loans, net of unearned income [2] 31,061,111 27,535,532
Less: Allowance for loan losses 200,307 180,424
Total net loans 30,860,804 27,355,108
Goodwill (Note 7) 1,432,787 1,432,787
Other intangible assets, net (Note 7) 130,200 155,034
Fixed income receivables 40,114 38,861
Premises and equipment, net (December 31, 2019 and 2018 include $9.7 million and $19.6 million, respectively, classified as held-for-sale) (Note 6) 455,006 494,041
Other real estate owned (OREO) [3] 17,838 25,290
Derivative assets (Note 22) 183,115 81,475
Other assets 2,046,338 1,802,939
Total assets 43,310,900 40,832,258
Deposits:    
Savings 11,664,906 12,064,072
Time deposits, net 3,618,337 4,105,777
Other interest-bearing deposits 8,717,341 8,371,826
Interest-bearing 24,000,584 24,541,675
Noninterest-bearing 8,428,951 8,141,317
Total deposits 32,429,535 32,682,992
Federal funds purchased (Note 9) 548,344 256,567
Securities sold under agreements to repurchase (Note 9 and Note 23) 716,925 762,592
Trading liabilities (Note 9) 505,581 335,380
Other short-term borrowings (Note 9) 2,253,045 114,764
Term borrowings (Note 10) 791,368 1,170,963
Fixed income payables 49,535 9,572
Derivative liabilities (Note 22) 67,480 133,713
Other liabilities 873,079 580,335
Total liabilities 38,234,892 36,046,878
First Horizon National Corporation Shareholders’ Equity:    
Preferred stock - Series A, non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (shares authorized - 1,000; shares issued - 1,000 on December 31, 2019 and 2018) (Note 11) 95,624 95,624
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 311,469,056 on December 31, 2019 and 318,573,400 on December 31, 2018) 194,668 199,108
Capital surplus 2,931,451 3,029,425
Undivided profits 1,798,442 1,542,408
Accumulated other comprehensive loss, net (Note 14) (239,608) (376,616)
Total First Horizon National Corporation Shareholders’ Equity 4,780,577 4,489,949
Noncontrolling interest (Note 11) 295,431 295,431
Total equity 5,076,008 4,785,380
Total liabilities and equity $ 43,310,900 $ 40,832,258
[1]
December 31, 2019 and 2018 include $6.8 million and $8.4 million, respectively, of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure.
[2] December 31, 2019 and 2018 include $18.8 million and $28.6 million, respectively, of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure.
[3]
December 31, 2019 and 2018 include $9.2 million and $9.7 million, respectively, of foreclosed residential real estate.