Derivatives (Tables)

6 Months Ended

Jun. 30, 2012

Derivatives [Abstract]

Derivatives Associated With Legacy Mortgage Servicing Activities

The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities for the three and six months ended June 30, 2012 and 2011:
										Gains/(Losses)			Gains/(Losses)
		June 30, 2012								Three Months Ended			Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2012			June 30, 2012
Retained Interests Hedging
Hedging Instruments:
	Forwards and Futures (a)(b)	$	1,961,000		$	18,712		$	1,091		$	10,943		$	9,632
	Interest Rate Swaps and Swaptions (a)(b)	$	2,136,600		$	4,859		$	18,330		$	(3,466)		$	918
Hedged Items:
	Mortgage Servicing Rights (b)(c)		N/A		$	126,164			N/A		$	(4,131)		$	900
	Other Retained Interests (b)(d)		N/A		$	20,567			N/A		$	(1,513)		$	(553)

										Gains/(Losses)			Gains/(Losses)
		June 30, 2011								Three Months Ended			Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2011			June 30, 2011
Retained Interests Hedging
Hedging Instruments:
	Forwards and Futures (a)(b)	$	2,925,000		$	5,654		$	6,311		$	10,391		$	6,348
	Interest Rate Swaps and Swaptions (a)(b)	$	6,221,000		$	39,785		$	26,934		$	14,885		$	22,224
Hedged Items:
	Mortgage Servicing Rights (b)(c)		N/A		$	183,364			N/A		$	(10,457)		$	(3,325)
	Other Retained Interests (b)(d)		N/A		$	31,623			N/A		$	597		$	2,641

• Assets included in the Other assets section of the Consolidated Condensed Statements of Condition. Liabilities included in the Other liabilities section of the Consolidated Condensed Statements of Condition.
• Gains/losses included in the Mortgage banking income section of the Consolidated Condensed Statements of Income.
• Assets included in the Mortgage servicing rights section of the Consolidated Condensed Statements of Condition.
• Assets included in the Trading securities section of the Consolidated Condensed Statements of Condition.

Derivatives Associated With Capital Markets Trading Activities

The following table summarizes FHN’s derivatives associated with capital markets trading activities as of June 30, 2012 and 2011:
	June 30, 2012
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,502,164		$	130,705		$	1,498
Offsetting Upstream Interest Rate Contracts		1,502,164			1,498			130,705
Forwards and Futures Purchased		3,085,323			1,001			2,553
Forwards and Futures Sold		3,444,049			2,810			3,786

	June 30, 2011
(Dollars in thousands)	Notional		Assets			Liabilities
Customer Interest Rate Contracts	$	1,458,306		$	72,576		$	1,537
Offsetting Upstream Interest Rate Contracts		1,458,306			1,537			72,576
Forwards and Futures Purchased		3,397,605			5,318			1,785
Forwards and Futures Sold		3,771,659			1,228			8,413

Derivatives Associated With Interest Rate Risk Management Activities

The following tables summarize FHN’s derivatives associated with interest rate risk management activities for the three and six months ended June 30, 2012 and 2011:
										Gains/(Losses)				Gains/(Losses)
		June 30, 2012								Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2012				June 30, 2012
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	994,512		$	65,982	$	389			$	2,206			$	(3,583)
	Offsetting Upstream Interest Rate Contracts (a)	$	994,512		$	389	$	67,482			$	(2,006)			$	4,183
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,604,000		$	114,854	$	1,104			$	(2,931)			$	(13,161)
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,604,000	(c)		$	2,931	(d)		$	13,161	(d)

										Gains/(Losses)				Gains/(Losses)
		June 30, 2011								Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional		Assets			Liabilities			June 30, 2011				June 30, 2011
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	980,417		$	65,074	$	414			$	3,996			$	(6,894)
	Offsetting Upstream Interest Rate Contracts (a)	$	980,417		$	414	$	67,774			$	(4,596)			$	6,994
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,604,000		$	113,090	$	12,023			$	22,789			$	3,362
Hedged Items:
	Term Borrowings (b)		N/A			N/A	$	1,604,000	(c)		$	(22,789)	(d)		$	(3,362)	(d)

• Gains/losses included in the Other expense section of the Consolidated Condensed Statements of Income.
• Gains/losses included in the All other income and commissions section of the Consolidated Condensed 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 for the three and six months ended June 30, 2012 and 2011:

Gains/(Losses)

June 30, 2012

Three Months Ended

Six Months Ended

(Dollars in thousands)

Notional

Assets

Liabilities

June 30, 2012

June 30, 2012

Loan Portfolio Hedging

Hedging Instruments:

Interest Rate Swaps

$

166,750

N/A

$

5,036

$

1,980

$

3,772

Hedged Items:

Trust Preferred Loans (a)

N/A

$

166,750

(b)

N/A

$

(1,965)

(c)

$

(3,755)

(c)

												Gains/(Losses)
		June 30, 2011										Three Months Ended				Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities			June 30, 2011				June 30, 2011
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	201,583			N/A			$	13,246		$	856			$	3,952
Hedged Items:
	Trust Preferred Loans(a)			N/A		$	201,583	(b)			N/A		$	(842)	(c)		$	(3,943)	(c)

• Assets included in the Loans, net of unearned income section of the Consolidated Condensed 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.