Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities [Abstract]

Schedule Of FHN's Available For Sale Securities

The following tables summarize FHN’s available for sale (“AFS”) securities on March 31, 2013 and 2012:
	March 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available for sale:
U.S. treasuries	$	39,992	$	2	$	-	$	39,994
Government agency issued mortgage-backed securities ("MBS")		1,009,283		56,649		(381)		1,065,551
Government agency issued collateralized mortgage obligations ("CMO")		1,826,314		24,049		(1,010)		1,849,353
Other U.S. government agencies		3,068		208		-		3,276
States and municipalities		15,255		-		-		15,255
Equity and other (a)		216,780		10		-		216,790
Total securities available for sale (b)	$	3,110,692	$	80,918	$	(1,391)	$	3,190,219

• Includes restricted investments in FHLB-Cincinnati stock of $125.5million and FRB stock of $66.0million. The remainder is money market, venture capital, and cost method investments.
• Includes $2.9billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

	March 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Securities available for sale:
U.S. treasuries	$	40,011	$	26	$	-	$	40,037
Government agency issued MBS		1,352,827		74,936		(734)		1,427,029
Government agency issued CMO		1,537,732		35,104		-		1,572,836
Other U.S. government agencies		14,121		426		-		14,547
States and municipalities		18,070		-		-		18,070
Equity and other (a)		224,061		23		-		224,084
Total securities available for sale (b)	$	3,186,822	$	110,515	$	(734)	$	3,296,603

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

• Includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.1million. The remainder is money market, venture capital, and cost method investments.
• Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes.

Schedule Of Amortized Cost And Fair Value By Contractual Maturity

The amortized cost and fair value by contractual maturity for the available for sale securities portfolio on March 31, 2013 are provided below:
		Available for Sale
		Amortized		Fair
(Dollars in thousands)		Cost		Value
Within 1 year		$	39,992	$	39,994
After 1 year; within 5 years			4,568		4,776
After 5 years; within 10 years			-		-
After 10 years			13,755		13,755
	Subtotal		58,315		58,525
Government agency issued MBS and CMO			2,835,597		2,914,904
Equity and other			216,780		216,790
Total		$	3,110,692	$	3,190,219

Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

Schedule Of Gross Gains And Losses On Sale From Available For Sale Portfolio

The table below provides information on gross gains and gross losses from investment securities for the three months ended March 31:
	Available for sale
(Dollars in thousands)	2013		2012
Gross gains on sales of securities	$	30	$	328
Gross losses on sales of securities		(6)		-
Net gain/(loss) on sales of securities (a)	$	24	$	328
Net other than temporary impairment ("OTTI") recorded		-		-
Total securities gain/(loss), net	$	24	$	328

• Proceeds from sales for the three months ended March 31, 2012 were $39.1 million. Proceeds for the three months ended March 31, 2013 were not material.

Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses

The following table provides information on investments within the available for sale portfolio that had unrealized losses on March 31, 2013 and 2012:
	On March 31, 2013
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued CMO	$	305,318	$	(1,010)	$	-	$	-	$	305,318	$	(1,010)
Government agency issued MBS		44,095		(381)		-		-		44,095		(381)
Total temporarily impaired securities	$	349,413	$	(1,391)	$	-	$	-	$	349,413	$	(1,391)

	On March 31, 2012
	Less than 12 months				12 months or longer				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Government agency issued MBS	$	101,397	$	(734)	$	-	$	-	$	101,397	$	(734)
Total temporarily impaired securities	$	101,397	$	(734)	$	-	$	-	$	101,397	$	(734)