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Derivatives (Tables)

6 Months Ended

Jun. 30, 2015

Derivatives [Abstract]

Derivatives Associated With Fixed Income Trading Activities

The following tables summarize FHN’s derivatives associated with fixed income trading activities as of June 30, 2015 and 2014:

	June 30, 2015
(Dollars in thousands)	Notional			Assets				Liabilities
Customer Interest Rate Contracts	$	1,640,844			$	66,078			$	3,285
Offsetting Upstream Interest Rate Contracts		1,640,844				3,285				66,078
Option Contracts Purchased		15,000				55				-
Forwards and Futures Purchased		2,297,489				2,773				2,174
Forwards and Futures Sold		2,531,248				2,526				2,614

	June 30, 2014
(Dollars in thousands)	Notional			Assets				Liabilities
Customer Interest Rate Contracts	$	1,760,032			$	80,710			$	4,948
Offsetting Upstream Interest Rate Contracts		1,760,032				4,948				80,710
Option Contracts Purchased		17,500				29				-
Option Contracts Written		5,000				-				4
Forwards and Futures Purchased		2,378,633				4,571				330
Forwards and Futures Sold		2,487,732				548				4,980

Derivatives Associated With Interest Rate Risk Management Activities

The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the three and six months ended June 30, 2015 and 2014:
													Gains/(Losses)
													Three Months Ended					Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities				June 30, 2015					June 30, 2015
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	744,167			$	24,148		$	409				$	(6,158)				$	(1,915)
	Offsetting Upstream Interest Rate Contracts (a)		744,167				409			24,648					6,158					1,915
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,350,000			$	15,954		$	5,131				$	(10,810)				$	(9,840)
Hedged Items:
	Term Borrowings (b)		N/A				N/A		$	1,350,000	(c)			$	10,735	(d)			$	9,812	(d)

													Gains/(Losses)
													Three Months Ended					Six Months Ended
(Dollars in thousands)		Notional			Assets				Liabilities				June 30, 2014					June 30, 2014
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
	Customer Interest Rate Contracts (a)	$	759,266			$	28,143		$	997				$	2,714				$	2,069
	Offsetting Upstream Interest Rate Contracts (a)		775,204				997			28,643					(2,714)					(2,069)
Debt Hedging
Hedging Instruments:
	Interest Rate Swaps (b)	$	1,254,000			$	42,121		$	12,095				$	(3,628)				$	(3,239)
Hedged Items:
	Term Borrowings (b)		N/A				N/A		$	1,254,000	(c)			$	3,628	(d)			$	3,239	(d)

Gains/losses included in the All 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 as of and for the three and six months ended June 30, 2015 and 2014:
															Gains/(Losses)
															Three Months Ended					Six Months Ended
(Dollars in thousands)		Notional				Assets					Liabilities				June 30, 2015					June 30, 2015
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500				N/A				$	640			$	63				$	104
Hedged Items:
	Trust Preferred Loans (a)			N/A			$	6,500	(b)				N/A			$	(62)	(c)			$	(103)	(c)

															Gains/(Losses)
															Three Months Ended					Six Months Ended
(Dollars in thousands)		Notional				Assets					Liabilities				June 30, 2014					June 30, 2014
Loan Portfolio Hedging
Hedging Instruments:
	Interest Rate Swaps		$	6,500				N/A				$	900			$	42				$	105
Hedged Items:
	Trust Preferred Loans (a)			N/A			$	6,500	(b)				N/A			$	(41)	(c)			$	(104)	(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.

Derivative Assets And Collateral Received


The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of June 30:

											Gross amounts not offset in the
											Statement of Condition
				Gross amounts			Net amounts of			Derivative
	Gross amounts			offset in the			assets presented			liabilities
	of recognized			Statement of			in the Statement			available for			Collateral
(Dollars in thousands)	assets			Condition			of Condition (a)			offset			Received			Net amount
Derivative assets:
2015 (b)	$	109,874		$	-		$	109,874		$	(15,750)		$	(93,656)		$	468
2014 (b)		156,919			-			156,919			(26,475)			(129,064)			1,380

Included in Derivative assets on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $5.4 million and $5.1 million, respectively, of derivative assets (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
2015 and 2014 are comprised entirely of interest rate derivative contracts.

Derivative Liabilities and Collateral Pledged


The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of June 30:

											Gross amounts not offset in the
											Statement of Condition
				Gross amounts			Net amounts of
	Gross amounts			offset in the		liabilities presented				Derivative
	of recognized			Statement of			in the Statement			assets available			Collateral
(Dollars in thousands)	liabilities			Condition			of Condition (a)			for offset			pledged			Net amount
Derivative liabilities:
2015 (b)	$	100,191		$	-		$	100,191		$	(15,750)		$	(68,775)		$	15,666
2014 (b)		128,293			-			128,293			(26,475)			(88,935)			12,883

Included in Derivative liabilities on the Consolidated Condensed Statements of Condition. As of June 30, 2015 and 2014, $9.6 million and $10.0 million, respectively, of derivative liabilities (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements.
2015 and 2014 are comprised entirely of interest rate derivative contracts.