Acquisition and Divestitures (Tables)

9 Months Ended

Sep. 30, 2013

Acquisitions and Divestitures [Abstract]

Schedule of significant assets acquired and liabilities assumed and provisional estimated purchase accounting/fair value adjustments

The following schedule details significant assets acquired and liabilities assumed from the FDIC for MNB and provisional estimated purchase accounting/fair value adjustments at June 7:
		Mountain National Bank
				Purchase Accounting/
		Acquired from			Fair Value		As recorded
(Dollars in thousands)		FDIC			Adjustments		by FHN
Assets:
Cash and cash equivalents		$	54,872		$	-	$	54,872
Interest-bearing cash			26,984			-		26,984
Securities available-for-sale			73,948			(240)		73,708
Loans, net of unearned income			249,001			(33,094)		215,907
Core deposit intangible			-			2,300		2,300
Premises and equipment			10,359			3,755		14,114
Real estate acquired by foreclosure			33,294			(10,930)		22,364
Deferred tax asset			(286)			2,677		2,391
Other assets			3,405			-		3,405
	Total assets acquired	$	451,577		$	(35,532)	$	416,045
Liabilities:
Deposits		$	362,098		$	-	$	362,098
Securities sold under agreements to repurchase			1,930			-		1,930
Federal Home Loan Bank advances			50,040			5,586		55,626
Other liabilities			2,454			-		2,454
	Total liabilities assumed		416,522			5,586		422,108
Acquired noncontrolling interest			117			57		174
	Total liabilities assumed and acquired noncontrolling interest	$	416,639		$	5,643	$	422,282
Excess of assets acquired over liabilities assumed		$	34,938
Aggregate purchase accounting/fair value adjustments					$	(41,175)
Goodwill							$	6,237