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Fair Value Of Assets And Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Of Assets And Liabilities [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

Recurring Fair Value Measurements

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2015:

			September 30, 2015
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	97,211	$	-	$	97,211
	Government agency issued MBS			-		265,290		-		265,290
	Government agency issued CMO			-		283,927		-		283,927
	Other U.S. government agencies			-		113,739		-		113,739
	States and municipalities			-		65,255		-		65,255
	Trading Loans			-		16,943		-		16,943
	Corporate and other debt			-		381,470		5		381,475
	Equity, mutual funds, and other			-		742		-		742
		Total trading securities - fixed income		-		1,224,577		5		1,224,582
Trading securities - mortgage banking				-		-		4,598		4,598
Loans held-for-sale				-		-		26,789		26,789
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		945,951		-		945,951
	Government agency issued CMO			-		2,535,436		-		2,535,436
	Other U.S. government agencies			-		-		1,446		1,446
	States and municipalities			-		7,655		1,500		9,155
	Equity, mutual funds, and other			25,840		-		-		25,840
		Total securities available-for-sale		25,840		3,489,142		2,946		3,517,928
Other assets:
	Mortgage servicing rights			-		-		1,993		1,993
	Deferred compensation assets			25,972		-		-		25,972
	Derivatives, forwards and futures			16,335		-		-		16,335
	Derivatives, interest rate contracts			-		136,121		-		136,121
	Derivatives, other			-		92		-		92
		Total other assets		42,307		136,213		1,993		180,513
		Total assets	$	68,147	$	4,849,932	$	36,331	$	4,954,410
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	478,759	$	-	$	478,759
	Government agency issued MBS			-		1,481		-		1,481
	Other U.S. government agencies			-		6,482		-		6,482
	Corporate and other debt			-		301,841		-		301,841
		Total trading liabilities - fixed income		-		788,563		-		788,563
Other liabilities:
	Derivatives, forwards and futures			15,921		-		-		15,921
	Derivatives, interest rate contracts			-		120,234		-		120,234
	Derivatives, other			-		-		4,810		4,810
		Total other liabilities		15,921		120,234		4,810		140,965
		Total liabilities	$	15,921	$	908,797	$	4,810	$	929,528

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2014:

			September 30, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	247,796	$	-	$	247,796
	Government agency issued MBS			-		301,559		-		301,559
	Government agency issued CMO			-		201,016		-		201,016
	Other U.S. government agencies			-		108,874		-		108,874
	States and municipalities			-		42,900		-		42,900
	Corporate and other debt			-		379,768		5		379,773
	Equity, mutual funds, and other			-		49,986		-		49,986
		Total trading securities - fixed income		-		1,331,899		5		1,331,904
Trading securities - mortgage banking				-		-		6,118		6,118
Loans held-for-sale				-		-		31,443		31,443
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		716,865		-		716,865
	Government agency issued CMO			-		2,623,685		-		2,623,685
	Other U.S. government agencies			-		-		1,929		1,929
	States and municipalities			-		8,705		1,500		10,205
	Equity, mutual funds, and other			26,080		-		-		26,080
		Total securities available-for-sale		26,080		3,349,355		3,429		3,378,864
Other assets:
	Mortgage servicing rights			-		-		2,880		2,880
	Deferred compensation assets			24,901		-		-		24,901
	Derivatives, forwards and futures			3,181		-		-		3,181
	Derivatives, interest rate contracts			-		134,561		-		134,561
		Total other assets		28,082		134,561		2,880		165,523
		Total assets	$	54,162	$	4,815,815	$	43,875	$	4,913,852
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	278,306	$	-	$	278,306
	Other U.S. government agencies			-		4,964		-		4,964
	States and municipalities			-		543		-		543
	Corporate and other debt			-		248,421		-		248,421
		Total trading liabilities - fixed income		-		532,234		-		532,234
Other liabilities:
	Derivatives, forwards and futures			2,895		-		-		2,895
	Derivatives, interest rate contracts			-		112,907		-		112,907
	Derivatives, other			-		-		7,640		7,640
		Total other liabilities		2,895		112,907		7,640		123,442
		Total liabilities	$	2,895	$	645,141	$	7,640	$	655,676
Certain previously reported amounts have been reclassified to agree with current presentation.

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value

Changes in Recurring Level 3 Fair Value Measurements

The changes in Level 3 assets and liabilities measured at fair value for the three months ended September 30, 2015 and 2014, on a recurring basis are summarized as follows:

			Three Months Ended September 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on July 1, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
	Total net gains/(losses) included in:
		Net income		57				803				-			-			(302)
		Other comprehensive income /(loss)		-				-				(16)			-			-
	Purchases			-				1,902				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(383)				(1,664)				(98)			(165)			302
	Net transfers into/(out of) Level 3			-				(777)	(b)			-			-			-
Balance on September 30, 2015			$	4,603			$	26,789			$	2,946		$	1,993		$	(4,810)
Net unrealized gains/(losses) included in net income			$	57	(a)		$	803	(a)		$	-		$	-		$	(302)	(c)

			Three Months Ended September 30, 2014
										AFS Securities					Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on July 1, 2014			$	6,421			$	232,487			$	3,561	$	2,300		$	3,197			$	(4,725)
	Total net gains/(losses) included in:
		Net income		191				41,757				-		(995)			19				(3,236)
		Other comprehensive income /(loss)		-				-				(16)		-			-				-
	Purchases			-				522				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			-				(236,975)				-		(5)			(152)				-
	Settlements			(489)				(5,967)				(116)		(1,300)			(184)				321
	Net transfers into/(out of) Level 3			-				(381)	(b)			-		-			-				-
Balance on September 30, 2014			$	6,123			$	31,443			$	3,429	$	-		$	2,880			$	(7,640)
Net unrealized gains/(losses) included in net income			$	191	(a)		$	1,828	(a)		$	-	$	-		$	17	(a)		$	(3,236)	(c)

Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
Included in Other expense.

Changes in Recurring Level 3 Fair Value Measurements

The changes in Level 3 assets and liabilities measured at fair value for the nine months ended September 30, 2015 and 2014, on a recurring basis are summarized as follows:

			Nine Months Ended September 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on January 1, 2015			$	5,642			$	27,910			$	3,307		$	2,517		$	(5,240)
	Total net gains/(losses) included in:
		Net income		296				2,193				-			-			(466)
		Other comprehensive income / (loss)		-				-				(44)			-			-
	Purchases			-				3,080				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(1,335)				(4,483)				(317)			(524)			896
	Net transfers into/(out of) Level 3			-				(1,911)	(b)			-			-			-
Balance on September 30, 2015			$	4,603			$	26,789			$	2,946		$	1,993		$	(4,810)
Net unrealized gains/(losses) included in net income			$	296	(a)		$	2,193	(a)		$	-		$	-		$	(466)	(c)

			Nine Months Ended September 30, 2014
											Securities available-for-sale				Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		149				51,158				-		(2,995)			1,265				(5,678)
		Other comprehensive income /(loss)		-				-				(48)		-			-				-
	Purchases			1,559				5,104				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			(1,715)				(236,975)				-		(5)			(70,071)				-
	Settlements			(1,070)				(14,767)				(349)		(1,300)			(1,107)				953
	Net transfers into/(out of) Level 3			-				(3,533)	(b)			-		-			-				-
Balance on September 30, 2014			$	6,123			$	31,443			$	3,429	$	-		$	2,880			$	(7,640)
Net unrealized gains/(losses) included in net income			$	225	(a)		$	1,828	(a)		$	-	$	-		$	50	(a)		$	(5,678)	(c)

Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
Included in Other expense.

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at September 30, 2015 and 2014, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Three Months Ended		Nine Months Ended
	Carrying value at September 30, 2015								September 30, 2015		September 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - first mortgages	$	-	$	-	$	726	$	726	$	10	$	48
Loans, net of unearned income (a)		-		-		27,898		27,898		1,195		2,729
Real estate acquired by foreclosure (b)		-		-		25,872		25,872		(706)		(2,366)
Other assets (c)		-		-		27,825		27,825		(439)		(1,383)
									$	60	$	(972)

									Three Months Ended		Nine Months Ended
	Carrying value at September 30, 2014								September 30, 2014		September 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	7,552	$	-	$	7,552	$	(4)	$	39
Loans held-for-sale - first mortgages		-		-		981		981		(351)		(361)
Loans, net of unearned income (a)		-		-		46,634		46,634		(736)		(1,064)
Real estate acquired by foreclosure (b)		-		-		35,261		35,261		(707)		(2,098)
Other assets (c)		-		-		29,166		29,166		(311)		(1,498)
									$	(2,109)	$	(4,982)

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments accounted for under the equity method.

Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements

Level 3 Measurements

The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of September 30, 2015 and 2014:

(Dollars in Thousands)
	Fair Value at
Level 3 Class	September 30, 2015		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	4,598	Discounted cash flow	Prepayment speeds	43% - 45%
				Discount rate	6% - 59%
Loans held-for-sale - residential real estate		27,515	Discounted cash flow	Prepayment speeds - First mortgage	2% - 20%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	45% - 55%
				Loss severity trends - First mortgage	20% - 70% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Derivative liabilities, other		4,810	Discounted cash flow	Visa covered litigation resolution amount	$4.5 billion - $5.5 billion
				Probability of resolution scenarios	5% - 25%
				Time until resolution	6 - 42 months
Loans, net of unearned income (a)		27,898	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (b)		25,872	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		27,825	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.
Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments accounted for under the equity method.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	September 30, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	6,118	Discounted cash flow	Prepayment speeds	42% - 46%
				Discount rate	42% - 69%
Loans held-for-sale - residential real estate		32,424	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - HELOC	5% - 15%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - HELOC	50% - 100% of UPB
				Draw Rate - HELOC	5% - 12%
Derivative liabilities, other		7,640	Discounted cash flow	Visa covered litigation resolution amount	$4.9 billion - $5.7 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 48 months
Loans, net of unearned income (a)		46,634	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction Values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (b)		35,261	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		29,166	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses.
Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments accounted for under the equity method.

Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount

The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
		September 30, 2015
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	26,789	$	41,350		$	(14,561)
	Nonaccrual loans		7,206		13,712			(6,506)
	Loans 90 days or more past due and still accruing		2,677		3,822			(1,145)


		September 30, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	31,443	$	49,145		$	(17,702)
	Nonaccrual loans		7,742		14,893			(7,151)
	Loans 90 days or more past due and still accruing		2,685		4,990			(2,305)

Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings

Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:

			Three Months Ended				Nine Months Ended
			September 30				September 30
(Dollars in thousands)			2015		2014		2015		2014
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	803	$	41,757	$	2,193	$	51,158

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Condensed Statements of Condition as well as unfunded loan commitments and stand by and other commitments as of September 30, 2015 and 2014.

			September 30, 2015
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	9,538,832	$	-	$	-	$	9,473,702	$	9,473,702
		Commercial real estate		1,462,696		-		-		1,447,848		1,447,848
	Retail:
		Consumer real estate		4,731,464		-		-		4,601,406		4,601,406
		Permanent mortgage		443,817		-		-		413,188		413,188
		Credit card & other		337,869		-		-		339,527		339,527
Total loans, net of unearned income and allowance for loan losses				16,514,678		-		-		16,275,671		16,275,671

Short-term financial assets
	Interest-bearing cash			596,689		596,689		-		-		596,689
	Federal funds sold			64,438		-		64,438		-		64,438
	Securities purchased under agreements to resell			793,098		-		793,098		-		793,098
Total short-term financial assets				1,454,225		596,689		857,536		-		1,454,225

Trading securities (a)				1,229,180		-		1,224,577		4,603		1,229,180
Loans held-for-sale (a)				124,308		-		-		124,308		124,308
Securities available-for-sale (a) (b)				3,673,641		25,840		3,489,142		158,659		3,673,641
Securities held-to-maturity				4,313		-		-		5,404		5,404
Derivative assets (a)				152,548		16,335		136,213		-		152,548

Other assets
	Tax credit investments			98,341		-		-		58,030		58,030
	Deferred compensation assets			25,972		25,972		-		-		25,972
Total other assets				124,313		25,972		-		58,030		84,002

Nonearning assets
	Cash & due from banks			256,342		256,342		-		-		256,342
	Fixed income receivables			83,547		-		83,547		-		83,547
	Accrued interest receivable			65,956		-		65,956		-		65,956
Total nonearning assets				405,845		256,342		149,503		-		405,845
Total assets			$	23,683,051	$	921,178	$	5,856,971	$	16,626,675	$	23,404,824

Liabilities:
Deposits:
	Defined maturity		$	1,033,896	$	-	$	1,039,007	$	-	$	1,039,007
	Undefined maturity			17,831,324		-		17,831,324		-		17,831,324
Total deposits				18,865,220		-		18,870,331		-		18,870,331

Trading liabilities (a)				788,563		-		788,563		-		788,563

Short-term financial liabilities
	Federal funds purchased			520,992		-		520,992		-		520,992
	Securities sold under agreements to repurchase			332,329		-		332,329		-		332,329
	Other short-term borrowings			99,887		-		99,887		-		99,887
Total short-term financial liabilities				953,208		-		953,208		-		953,208

Term borrowings
	Real estate investment trust-preferred			45,947		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		18,158		18,158
	Borrowings secured by residential real estate			48,491		-		-		41,848		41,848
	Other long term borrowings			1,228,748		-		1,214,410		-		1,214,410
Total term borrowings				1,341,186		-		1,214,410		109,356		1,323,766

Derivative liabilities (a)				140,965		15,921		120,234		4,810		140,965

Other noninterest-bearing liabilities
	Fixed income payables			95,346		-		95,346		-		95,346
	Accrued interest payable			25,358		-		25,358		-		25,358
Total other noninterest-bearing liabilities				120,704		-		120,704		-		120,704
Total liabilities			$	22,209,846	$	15,921	$	22,067,450	$	114,166	$	22,197,537

Classes are detailed in the recurring and nonrecurring measurement tables.
Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $65.8 million.

			September 30, 2014
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	8,407,459	$	-	$	-	$	8,348,656	$	8,348,656
		Commercial real estate		1,262,944		-		-		1,243,925		1,243,925
	Retail:
		Consumer real estate		5,012,593		-		-		4,875,939		4,875,939
		Permanent mortgage		552,568		-		-		492,930		492,930
		Credit card & other		337,812		-		-		339,667		339,667
Total loans, net of unearned income and allowance for loan losses				15,573,376		-		-		15,301,117		15,301,117

Short-term financial assets
	Interest-bearing cash			275,485		275,485		-		-		275,485
	Federal funds sold			55,242		-		55,242		-		55,242
	Securities purchased under agreements to resell			561,802		-		561,802		-		561,802
Total short-term financial assets				892,529		275,485		617,044		-		892,529

Trading securities (a)				1,338,022		-		1,331,899		6,123		1,338,022
Loans held-for-sale (a)				151,915		-		7,552		144,363		151,915
Securities available-for-sale (a) (b)				3,534,671		26,080		3,349,355		159,236		3,534,671
Securities held-to-maturity				4,286		-		-		5,380		5,380
Derivative assets (a)				137,742		3,181		134,561		-		137,742

Other assets
	Tax credit investments			85,998		-		-		67,634		67,634
	Deferred compensation assets			24,901		24,901		-		-		24,901
Total other assets				110,899		24,901		-		67,634		92,535

Nonearning assets
	Cash & due from banks			292,687		292,687		-		-		292,687
	Fixed income receivables			197,507		-		197,507		-		197,507
	Accrued interest receivable			71,755		-		71,755		-		71,755
Total nonearning assets				561,949		292,687		269,262		-		561,949
Total assets			$	22,305,389	$	622,334	$	5,709,673	$	15,683,853	$	22,015,860

Liabilities:
Deposits:
	Defined maturity		$	1,214,637	$	-	$	1,220,109	$	-	$	1,220,109
	Undefined maturity			14,930,134		-		14,930,134		-		14,930,134
Total deposits				16,144,771		-		16,150,243		-		16,150,243
Trading liabilities (a)				532,234		-		532,234		-		532,234
Short-term financial liabilities
	Federal funds purchased			928,159		-		928,159		-		928,159
	Securities sold under agreements to repurchase			479,384		-		479,384		-		479,384
	Other short-term borrowings			790,080		-		790,080		-		790,080
Total short-term financial liabilities				2,197,623		-		2,197,623		-		2,197,623

Term borrowings
	Real estate investment trust-preferred			45,879		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,880		17,880
	Borrowings secured by residential real estate			70,720		-		-		61,031		61,031
	Other long term borrowings			1,356,539		-		1,346,281		-		1,346,281
Total term borrowings				1,491,138		-		1,346,281		128,261		1,474,542

Derivative liabilities (a)				123,442		2,895		112,907		7,640		123,442

Other noninterest-bearing liabilities
	Fixed income payables			329,960		-		329,960		-		329,960
	Accrued interest payable			30,984		-		30,984		-		30,984
Total other noninterest-bearing liabilities				360,944		-		360,944		-		360,944
Total liabilities			$	20,850,152	$	2,895	$	20,700,232	$	135,901	$	20,839,028

Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information.

Classes are detailed in the recurring and nonrecurring measurement tables.
Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014
Unfunded Commitments:
Loan commitments	$	7,962,431	$	7,344,614	$	2,694	$	2,368
Standby and other commitments		281,740		320,286		4,424		4,879

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

- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

+ References + Details