XML 55 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans (Tables)
 3 Months Ended
Mar. 31, 2015
Loans [Abstract]  
Schedule Of Loans By Portfolio Segment
The following table provides the balance of loans by portfolio segment as of March 31, 2015 and 2014, and December 31, 2014:
  March 31December 31
(Dollars in thousands)   2015  2014  2014
Commercial:      
Commercial, financial, and industrial  $9,638,355  $7,752,995$9,007,286  
Commercial real estate  1,320,897  1,152,418  1,277,717
Retail:      
Consumer real estate (a)4,922,817  5,258,014  5,048,071  
Permanent mortgage511,708  622,242  538,961  
Credit card & other338,346  333,792  358,131  
Loans, net of unearned income$16,732,123  $15,119,461  $16,230,166  
Allowance for loan losses228,328  247,246232,448  
Total net loans  $16,503,795  $14,872,215  $15,997,718  

(a) Balances as of March 31, 2015 and 2014, and December 31, 2014 include $71.6 million, $86.7 million, and $76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward [Table Text Block]
The following table presents a rollforward of the accretable yield for the three months ended March 31, 2015 and 2014:
Three Months Ended
March 31
(Dollars in thousands)20152014
Balance, beginning of period$14,714$13,490
Additions-111
Accretion(3,371)(1,657)
Adjustment for payoffs(1,336)(233)
Adjustment for charge-offs-(64)
Increase in accretable yield (a)4614,181
Balance, end of period$10,468$15,828

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment [Table Text Block]
At March 31, 2015, the ALLL related to PCI loans was $3.1 million compared to $1.9 million at March 31, 2014. A loan loss provision credit of $.2 million was recognized during the three months ended March 31, 2015 as compared to a loan loss provision expense of $1.2 million recognized during the three months ended March 31, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of March 31, 2015 and 2014, and December 31, 2014:
March 31, 2015March 31, 2014December 31, 2014
(Dollars in thousands)Carrying valueUnpaid balanceCarrying valueUnpaid balanceCarrying valueUnpaid balance
Commercial, financial and industrial $4,665$5,437$6,693$8,503$5,044$5,813
Commercial real estate 23,01329,20537,06752,69032,55343,246
Consumer real estate 1,9102,897693973598868
Credit card and other 912--1014
Total $29,597$37,551$44,453$62,166$38,205$49,941
Information By Class Related To Individually Impaired Loans
Impaired Loans
The following tables provide information at March 31, 2015 and 2014, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and LOCOM have been excluded.
March 31, 2015
  Unpaid  AverageInterest
RecordedPrincipalRelatedRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognized
Impaired loans with no related allowance recorded:      
Commercial:      
General C&I$13,630  $16,803  $-$11,594  $-
Income CRE4,209  11,366  -6,369  -
Residential CRE-  -  -574  -
Total$17,839  $28,169  $-$18,537  $-
Retail:      
HELOC (a)$12,600  $31,419  $-$12,989  $-
R/E installment loans (a)4,518  5,827  -4,669  3
Permanent mortgage (a)7,205  9,336  -7,231  -
Total$24,323  $46,582  $-$24,889  $3
Impaired loans with related allowance recorded:      
Commercial:      
General C&I$26,252  $30,759  $1,709$19,772  $253
TRUPS13,429  13,700  4,31013,444  -
Income CRE6,695  8,180  5027,540  30
Residential CRE1,624  1,991  1091,497  7
Total$48,000  $54,630  $6,630$42,253  $290
Retail:      
HELOC$85,102  $87,242  $20,513$84,636  $448
R/E installment loans69,391  70,384  21,22470,124  327
Permanent mortgage103,633  116,482  17,766104,917  591
Credit card & other484  484  228508  4
Total$258,610  $274,592  $59,731$260,185  $1,370
Total commercial$65,839  $82,799  $6,630$60,790  $290
Total retail$282,933  $321,174  $59,731$285,074  $1,373
Total impaired loans$348,772  $403,973  $66,361$345,864  $1,663

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

March 31, 2014
  Unpaid  Average  Interest
RecordedPrincipalRelatedRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognized
Impaired loans with no related allowance recorded:          
Commercial:      
General C&I$14,130  $15,648  $-$20,378  $-
TRUPS-  -  -3,250  -
Income CRE8,500  16,529  -8,512  -
Total$22,630  $32,177  $-$32,140  $-
Retail:      
HELOC (a)$16,151  $37,723  $-$16,488  $-
R/E installment loans (a)10,400  13,360  -10,705  -
Permanent mortgage (a)7,854  11,078  -8,157  -
Total$34,405  $62,161  $-$35,350  $-
Impaired loans with related allowance recorded:      
Commercial:      
General C&I$27,723  $33,911  $1,201$22,232  $79
TRUPS13,550  13,550  3,98623,580  -
Income CRE11,821  13,540  78312,097  102
Residential CRE6,380  11,675  7126,647  63
Total$59,474  $72,676  $6,682$64,556  $244
Retail:      
HELOC$73,287  $74,730  $17,080$71,792  $434
R/E installment loans73,738  74,645  26,57373,015  269
Permanent mortgage113,989  127,958  19,211113,493  723
Credit card & other772  772  236658  11
Total$261,786  $278,105  $63,100$258,958  $1,437
Total commercial$82,104  $104,853  $6,682$96,696  $244
Total retail$296,191  $340,266  $63,100$294,308  $1,437
Total impaired loans$378,295  $445,119  $69,782$391,004  $1,681

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.
Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade
The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of March 31, 2015 and 2014.
March 31, 2015
Loans to      Allowance
GeneralMortgageIncomeResidentialPercentagefor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalof TotalLosses
PD Grade:      
1$446,725$-$-$605  $59  $447,389  4%$75  
2550,069--1,896  233  552,198  5173  
3528,347276,653-63,112  261  868,373  8228  
4663,213235,434-64,020  229  962,896  9435  
51,050,800384,418-253,658  1,840  1,690,716  152,743  
61,111,069498,752-213,787  5,333  1,828,941  175,488  
71,278,125192,154-231,551  14,316  1,716,146  169,169  
8735,69527,813-173,744  518  937,770  99,786  
9474,91226,448-131,893  922  634,175  68,642  
10228,176--26,641  165  254,982  24,811  
11209,639--27,255  946  237,840  25,783  
1293,055--29,205  493  122,753  14,103  
13114,775-325,3824,530  1,076  445,763  44,989  
14,15,16129,146--31,015  3,641  163,802  119,657  
Collectively evaluated for impairment7,613,7461,641,672325,3821,252,912  30,032  10,863,744  9976,082  
Individually evaluated for impairment39,882-12,81510,904  1,624  65,225  16,630  
Purchased credit-impaired loans4,858--23,6961,72930,283-2,605
Total commercial loans$7,658,486$1,641,672$338,197$1,287,512  $33,385  $10,959,252  100%$85,317

March 31, 2014
  Loans to          Allowance
GeneralMortgageIncomeResidentialPercent offor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalTotalLosses
PD Grade:            
1$233,362$-$-$-  $-  $233,362  3% $90  
2218,944--1,719  -  220,663  2  88  
3225,715--4,639  82  230,436  3  199  
4367,591--13,148  215  380,954  4  487  
5778,522--96,447  5,835  880,804  10  2,348  
6947,46269,207-196,101  5,815  1,218,585  14  1,743  
71,081,770159,207-249,317  6,413  1,496,707  16  2,698  
8936,597301,197-224,339  52  1,462,185  16  4,053  
9662,311115,936-90,336  1,379  869,962  10  7,392  
10391,73758,205-61,584  1,834  513,360  6  6,180  
11392,2495,659-30,402  1,816  430,126  5  9,704  
12119,196--33,142  1,732  154,070  2  2,403  
13152,035-326,15812,262  2,180  492,635  6  7,968  
14,15,16138,6801419,38539,257  6,783  194,246  2  34,332  
Collectively evaluated for impairment6,646,171  709,552  335,543  1,052,693  34,136  8,778,095  99  79,685  
Individually evaluated for impairment41,853-13,11520,321  6,380  81,669  1  6,682  
Total commercial loans(b)$6,688,024  $709,552  $348,658  $1,073,014  $40,516  $8,859,764  100% $86,367

  • Balances as of March 31, 2015 and 2014, presented net of $26.2 million and $26.6 million, respectively, in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13".
  • March 31, 2014, excludes PCI loans amounting to $45.6 million ($1.9 million of allowance).
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC
The following tables reflect period end balances and average FICO scores by origination vintage for the HELOC, real estate installment, and permanent mortgage classes of loans as of March 31, 2015 and 2014:
HELOC
March 31, 2015March 31, 2014
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2003$51,626  707  700  $73,926  710  703  
200395,043  721  707  130,144  723  709  
2004258,974  723  707  375,252  726  715  
2005421,315  731  720  517,957  732  721  
2006321,702  739  726  375,022  740  727  
2007342,531  744  728  396,409  743  728  
2008188,111  753  748  217,360  753  748  
200997,279  751  742  113,703  751  746  
201092,777  753  749  110,958  753  748  
201192,484  758  753  110,815  758  754  
2012112,955  760  758  133,618  759  759  
2013142,772757756169,429760757
2014121,99176276323,224756755
201525,250759756---
Total$2,364,810  742  732  $2,747,817  741  731  
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans
  
R/E Installment LoansMarch 31, 2015March 31, 2014
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalance FICOFICOBalanceFICOFICO
pre-2003$11,786  679  687  $21,069  681  687  
200344,729  713  721  68,747  715  724  
200437,944  699  695  51,187  701  699  
2005115,702  715  710  150,669  716  711  
2006126,225  712  702  165,515  715  700  
2007187,510  722  707  236,727  724  708  
200860,538  718  712  80,067  722  718  
200926,812  737  727  37,048  742  733  
201095,017  747  756  120,128  748  754  
2011267,079  760  759  323,992  760  759  
2012586,729  764  765  675,368  764  765  
2013460,196756758509,103757753
2014450,76575675470,577756750
201586,975757758---
Total$2,558,007  749  747  $2,510,197  746  743  
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans
  
Permanent MortgageMarch 31, 2015March 31, 2014
  Average  Average    Average  Average
(Dollars in thousands) Period EndOriginationRefreshedPeriod EndOriginationRefreshed
Origination VintageBalanceFICOFICOBalanceFICOFICO
pre-2004$136,848  723  718  $178,765  725  728  
200416,484  712  715  21,398  712  691  
200532,563  736  732  38,586  737  715  
200659,636  732  726  72,413  728  706  
2007183,359  733  719  213,580  733  711  
200882,818  741  712  97,500  741  712  
Total$511,708  730  717  $622,242  730  712  
Accruing And Non-Accruing Loans By Class
The following table reflects accruing and non-accruing loans by class on March 31, 2015:
Accruing  Non-Accruing  
  30-89  90+      30-89  90+  Total
DaysDaysTotalDaysDaysNon-Total
(Dollars in thousands)Current Past DuePast DueAccruingCurrent Past DuePast DueAccruingLoans
Commercial (C&I):                
General C&I$7,627,209  $5,291  $251  $$7,632,751  $1,441  $10,445  $8,991  $$20,877  $$7,653,628  
Loans to mortgage companies1,640,638  915  -  1,641,553  -  -  119  119  1,641,672  
TRUPS (a)325,382  -  -  325,382  -  -  12,815  12,815  338,197  
Purchased credit-impaired loans4,192  -  666  4,858  -  -  -  -  4,858
Total commercial (C&I)9,597,4216,2069179,604,5441,441  10,445  21,925  33,8119,638,355
Commercial real estate:                
Income CRE1,249,793  687  -  1,250,480  1,454  2,817  9,065  13,336  1,263,816  
Residential CRE31,591  65  -  31,656  -  -  -  -  31,656  
Purchased credit-impaired loans21,817  -  3,608  25,425  -  -  -  -  25,425
Total commercial real estate1,303,201752  3,6081,307,5611,454  2,817  9,06513,3361,320,897
Consumer real estate:                
HELOC2,250,415  20,698  10,362  2,281,475  66,743  5,075  11,517  83,335  2,364,810  
R/E installment loans2,502,363  11,975  5,204  2,519,542  27,748  2,576  5,741  36,065  2,555,607  
Purchased credit-impaired loans2,308  4  88  2,400  -  -  -  -  2,400
Total consumer real estate4,755,086  32,677  15,654  4,803,417  94,491  7,651  17,258  119,400  4,922,817  
Permanent mortgage464,677  8,019  6,085  478,781  16,710  2,752  13,465  32,927  511,708  
Credit card & other                
Credit card177,042  1,467  1,440  179,949  -  -  -  -  179,949  
Other156,478  916  239  157,633  -  -  755  755  158,388  
Purchased credit-impaired loans9--9----9
Total credit card & other333,529  2,383  1,679  337,591  -  -  755  755  338,346  
Total loans, net of unearned$16,453,914  $50,037  $$27,943  $$16,531,894  $114,096  $23,665  $$62,468  $$200,229  $$16,732,123  

Total TRUPS includes LOCOM valuation allowance of $26.2 million.

The following table reflects accruing and non-accruing loans by class on March 31, 2014:
Accruing  Non-Accruing  
30-8990+30-8990+Total 
   Days  Days  Total     Days  Days  Non-  Total
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingLoans
Commercial (C&I):  
General C&I$6,629,412  $19,049  $452  $6,648,913  $16,332  $3,341  $19,438  $39,111  $6,688,024  
Loans to mortgage companies709,339  72  -  709,411  -  -  141  141  709,552  
TRUPS (a)335,543  -  -  335,543  -  -  13,115  13,115  348,658  
Purchased credit-impaired loans5,291  -  1,470  6,761  -  -  -  -  6,761
Total commercial (C&I)7,679,58519,1211,9227,700,62816,332  3,341  32,694  52,3677,752,995
Commercial real estate:                  
Income CRE1,049,843  10,955  -  1,060,798  1,814  330  10,072  12,216  1,073,014  
Residential CRE37,516  282  -  37,798  -  -  2,718  2,718  40,516  
Purchased credit-impaired loans31,515  5,830  1,543  38,888  -  -  -  -  38,888
Total commercial real estate1,118,87417,067  1,5431,137,4841,814  330  12,79014,9341,152,418
Consumer real estate:                  
HELOC 2,624,763  23,734  12,459  2,660,956  67,361  5,395  14,105  86,861  2,747,817  
R/E installment loans2,447,448  10,812  6,074  2,464,334  35,069  3,486  6,605  45,160  2,509,494  
Purchased credit-impaired loans703  -  -  703  -  -  -  -  703
Total consumer real estate5,072,914  34,546  18,533  5,125,993  102,430  8,881  20,710  132,021  5,258,014  
Permanent mortgage573,095  6,101  2,845  582,041  15,924  2,048  22,229  40,201  622,242  
Credit card & other                
Credit card180,011  1,810  1,622  183,443  -  -  -  -  183,443  
Other148,062  761  130  148,953  1,396  -  -  1,396  150,349  
Total credit card & other328,073  2,571  1,752  332,396  1,396  -  -  1,396  333,792  
Total loans, net of unearned$14,772,541  $79,406  $26,595  $14,878,542  $137,896  $14,600  $88,423  $240,919  $15,119,461  

Total TRUPS includes LOCOM valuation allowance of $26.6 million.
Schedule Of Troubled Debt Restructurings Occurring During The Year
The following table reflects portfolio loans that were classified as TDRs during the three months ended March 31, 2015 and 2014:
20152014
  Pre-Modification  Post-ModificationPre-ModificationPost-Modification
OutstandingOutstandingOutstandingOutstanding
(Dollars in thousands) NumberRecorded InvestmentRecorded InvestmentNumberRecorded InvestmentRecorded Investment
Commercial (C&I):        
General C&I2  $1,388  $1,325-  $-  $-
Total commercial (C&I)2  1,388  1,325-  -  -
Consumer real estate:        
HELOC 37  3,727  3,70767  5,790  5,768
R/E installment loans16  1,354  1,37772  5,143  5,102
Total consumer real estate53  5,081  5,084139  10,933  10,870
Permanent mortgage 2  321  32112  4,593  4,087
Credit card & other6  28  2720  87  85
Total troubled debt restructurings63  $6,818  $6,757171  $15,613  $15,042
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
The following table presents TDRs which re-defaulted during the three months ended March 31, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
20152014
  RecordedRecorded
(Dollars in thousands)NumberInvestmentNumberInvestment
Commercial (C&I):    
General C&I-  $-  4  $512
Total commercial (C&I)-  -  4  512
Commercial real estate:    
Income CRE-  -  2  389
Total commercial real estate-  -  2  389
Consumer real estate:    
HELOC1  30  4  307
R/E installment loans1  86  3  118
Total consumer real estate2  116  7  425
Credit card & other1  3  2  4
Total troubled debt restructurings3  $119  15  $1,330