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Fair Value Of Assets And Liabilities (Tables)

6 Months Ended

Jun. 30, 2016

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 June 30, 2016:

			June 30, 2016
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	98,181	$	-	$	98,181
	Government agency issued MBS			-		328,600		-		328,600
	Government agency issued CMO			-		235,914		-		235,914
	Other U.S. government agencies			-		110,354		-		110,354
	States and municipalities			-		75,793		-		75,793
	Trading loans			-		10,643		-		10,643
	Corporate and other debt			-		295,322		5		295,327
	Equity, mutual funds, and other			-		5,326		-		5,326
		Total trading securities - fixed income		-		1,160,133		5		1,160,138
Trading securities - mortgage banking				-		-		2,821		2,821
Loans held-for-sale				-		-		25,738		25,738
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		1,946,222		-		1,946,222
	Government agency issued CMO			-		1,874,816		-		1,874,816
	States and municipalities			-		-		1,500		1,500
	Equity, mutual funds, and other			25,055		-		-		25,055
		Total securities available-for-sale		25,055		3,821,138		1,500		3,847,693
Other assets:
	Mortgage servicing rights			-		-		1,406		1,406
	Deferred compensation assets			31,221		-		-		31,221
	Derivatives, forwards and futures			21,573		-		-		21,573
	Derivatives, interest rate contracts			-		175,416		-		175,416
		Total other assets		52,794		175,416		1,406		229,616
		Total assets	$	77,849	$	5,156,687	$	31,470	$	5,266,006
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	549,739	$	-	$	549,739
	Government agency issued CMO			-		1,563		-		1,563
	Other U.S. government agencies			-		25,095		-		25,095
	States and municipalities			-		1,127		-		1,127
	Corporate and other debt			-		212,016		-		212,016
		Total trading liabilities - fixed income		-		789,540		-		789,540
Other liabilities:
	Derivatives, forwards and futures			19,618		-		-		19,618
	Derivatives, interest rate contracts			-		144,165		-		144,165
	Derivatives, other			-		1		6,835		6,836
		Total other liabilities		19,618		144,166		6,835		170,619
		Total liabilities	$	19,618	$	933,706	$	6,835	$	960,159

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

			June 30, 2015
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - fixed income:
	U.S. treasuries		$	-	$	109,998	$	-	$	109,998
	Government agency issued MBS			-		327,082		-		327,082
	Government agency issued CMO			-		146,675		-		146,675
	Other U.S. government agencies			-		83,416		-		83,416
	States and municipalities			-		64,597		-		64,597
	Corporate and other debt			-		393,191		5		393,196
	Equity, mutual funds, and other			-		3,602		-		3,602
		Total trading securities - fixed income		-		1,128,561		5		1,128,566
Trading securities - mortgage banking				-		-		4,924		4,924
Loans held-for-sale				-		-		26,525		26,525
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		830,640		-		830,640
	Government agency issued CMO			-		2,625,286		-		2,625,286
	Other U.S. government agencies			-		-		1,560		1,560
	States and municipalities			-		7,955		1,500		9,455
	Equity, mutual funds, and other			25,825		-		-		25,825
		Total securities available-for-sale		25,825		3,463,981		3,060		3,492,866
Other assets:
	Mortgage servicing rights			-		-		2,158		2,158
	Deferred compensation assets			27,341		-		-		27,341
	Derivatives, forwards and futures			5,299		-		-		5,299
	Derivatives, interest rate contracts			-		109,929		-		109,929
	Derivatives, other			-		2		-		2
		Total other assets		32,640		109,931		2,158		144,729
		Total assets	$	58,465	$	4,702,473	$	36,672	$	4,797,610
Trading liabilities - fixed income:
	U.S. treasuries		$	-	$	406,879	$	-	$	406,879
	Government agency issued MBS			-		1,486		-		1,486
	Other U.S. government agencies			-		25,036		-		25,036
	Corporate and other debt			-		299,163		-		299,163
		Total trading liabilities - fixed income		-		732,564		-		732,564
Other liabilities:
	Derivatives, forwards and futures			4,788		-		-		4,788
	Derivatives, interest rate contracts			-		100,191		-		100,191
	Derivatives, other			-		26		4,810		4,836
		Total other liabilities		4,788		100,217		4,810		109,815
		Total liabilities	$	4,788	$	832,781	$	4,810	$	842,379

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 June 30, 2016 and 2015, on a recurring basis are summarized as follows:

			Three Months Ended June 30, 2016
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on April 1, 2016			$	3,057			$	26,287			$	1,500		$	1,725		$	(4,620)
	Total net gains/(losses) included in:
		Net income		55				429				-			31			(2,514)
		Other comprehensive income /(loss)		-				-				-			-			-
	Purchases			-				327				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			(205)			-
	Settlements			(286)				(1,132)				-			(145)			299
	Net transfers into/(out of) Level 3			-				(173)	(b)			-			-			-
Balance on June 30, 2016			$	2,826			$	25,738			$	1,500		$	1,406		$	(6,835)
Net unrealized gains/(losses) included in net income			$	(5)	(a)		$	429	(a)		$	-		$	-		$	(2,514)	(c)

			Three Months Ended June 30, 2015
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on April 1, 2015			$	5,326			$	26,700			$	3,191		$	2,342		$	(5,005)
	Total net gains/(losses) included in:
		Net income		69				248				-			-			(107)
		Other comprehensive income /(loss)		-				-				(14)			-			-
	Purchases			-				324				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(466)				(329)				(117)			(184)			302
	Net transfers into/(out of) Level 3			-				(418)	(b)			-			-			-
Balance on June 30, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
Net unrealized gains/(losses) included in net income			$	69	(a)		$	248	(a)		$	-		$	-		$	(107)	(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 recurring 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 six months ended June 30, 2016 and 2015, on a recurring basis are summarized as follows:

			Six Months Ended June 30, 2016
										Securities			Mortgage
			Trading			Loans held-				available-			servicing			Net derivative
(Dollars in thousands)			securities			for-sale				for-sale			rights, net			liabilities
Balance on January 1, 2016			$	4,377			$	27,418			$	1,500		$	1,841		$	(4,810)
	Total net gains/(losses) included in:
		Net income		202				771				-			31			(2,623)
		Other comprehensive income / (loss)		-				-				-			-			-
	Purchases			-				475				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			(205)			-
	Settlements			(1,753)				(2,497)				-			(261)			598
	Net transfers into/(out of) Level 3			-				(429)	(b)			-			-			-
Balance on June 30, 2016			$	2,826			$	25,738			$	1,500		$	1,406		$	(6,835)
Net unrealized gains/(losses) included in net income			$	79	(a)		$	771	(a)		$	-		$	-		$	(2,623)	(c)

			Six Months Ended June 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		239				1,390				-			-			(164)
		Other comprehensive income /(loss)		-				-				(28)			-			-
	Purchases			-				1,178				-			-			-
	Issuances			-				-				-			-			-
	Sales			-				-				-			-			-
	Settlements			(952)				(2,819)				(219)			(359)			594
	Net transfers into/(out of) Level 3			-				(1,134)	(b)			-			-			-
Balance on June 30, 2015			$	4,929			$	26,525			$	3,060		$	2,158		$	(4,810)
Net unrealized gains/(losses) included in net income			$	239	(a)		$	1,390	(a)		$	-		$	-		$	(164)	(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 recurring 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 June 30, 2016 and 2015, 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		Six Months Ended
	Carrying value at June 30, 2016								June 30, 2016		June 30, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - first mortgages	$	-	$	-	$	721	$	721	$	2	$	7
Loans, net of unearned income (a)		-		-		35,314		35,314		353		(4,319)
Real estate acquired by foreclosure (b)		-		-		14,150		14,150		(314)		(850)
Other assets (c)		-		-		28,588		28,588		(831)		(1,537)
									$	(790)	$	(6,699)

									Three Months Ended		Six Months Ended
	Carrying value at June 30, 2015								June 30, 2015		June 30, 2015
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - first mortgages	$	-	$	-	$	849	$	849	$	-	$	38
Loans, net of unearned income (a)		-		-		38,913		38,913		(479)		(1,841)
Real estate acquired by foreclosure (b)		-		-		29,109		29,109		(1,284)		(1,660)
Other assets (c)		-		-		28,265		28,265		(549)		(944)
									$	(2,312)	$	(4,407)
Certain previously reported amounts have been reclassified to agree with current presentation.

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 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 June 30, 2016 and 2015:

(Dollars in Thousands)
	Fair Value at
Level 3 Class	June 30, 2016		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	2,821	Discounted cash flow	Prepayment speeds	38% - 47%
				Discount rate	28% - 68%
Loans held-for-sale - residential real estate		26,459	Discounted cash flow	Prepayment speeds - First mortgage	2% - 20%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure losses	47% - 58%
				Loss severity trends - First mortgage	5% - 70% of UPB
				Loss severity trends - HELOC	35% - 100% of UPB
				Draw rate - HELOC	5% - 12%
Derivative liabilities, other		6,835	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.2 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	30 - 60 months
Loans, net of unearned income (a)		35,314	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)		14,150	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		28,588	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	June 30, 2015		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	4,924	Discounted cash flow	Prepayment speeds	42% - 43%
				Discount rate	5% - 56%
Loans held-for-sale - residential real estate		27,374	Discounted cash flow	Prepayment speeds - First mortgage	2% - 20%
				Prepayment speeds - HELOC	5% - 15%
				Foreclosure Losses	50% - 60%
				Loss severity trends - First mortgage	10% - 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)		38,913	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)		29,109	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (c)		28,265	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.
		June 30, 2016
(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	$	25,738	$	39,202		$	(13,464)
	Nonaccrual loans		6,923		13,837			(6,914)
	Loans 90 days or more past due and still accruing		136		214			(78)


		June 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	$	26,525	$	40,577		$	(14,052)
	Nonaccrual loans		6,238		12,316			(6,078)
	Loans 90 days or more past due and still accruing		1,622		2,056			(434)

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				Six Months Ended
			June 30				June 30
(Dollars in thousands)			2016		2015		2016		2015
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	429	$	248	$	771	$	1,390

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 June 30, 2016 and 2015.

			June 30, 2016
			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	$	11,098,473	$	-	$	-	$	11,003,089	$	11,003,089
		Commercial real estate		1,939,148		-		-		1,915,942		1,915,942
	Consumer:
		Consumer real estate		4,581,698		-		-		4,424,739		4,424,739
		Permanent mortgage		421,414		-		-		391,879		391,879
		Credit card & other		348,797		-		-		350,036		350,036
Total loans, net of unearned income and allowance for loan losses				18,389,530		-		-		18,085,685		18,085,685

Short-term financial assets:
	Interest-bearing cash			321,743		321,743		-		-		321,743
	Federal funds sold			40,570		-		40,570		-		40,570
	Securities purchased under agreements to resell			881,732		-		881,732		-		881,732
Total short-term financial assets				1,244,045		321,743		922,302		-		1,244,045

Trading securities (a)				1,162,959		-		1,160,133		2,826		1,162,959
Loans held-for-sale				117,976		-		5,478		112,498		117,976
Securities available-for-sale (a) (b)				4,009,243		25,055		3,821,138		163,050		4,009,243
Securities held-to-maturity				14,333		-		-		15,101		15,101
Derivative assets (a)				196,989		21,573		175,416		-		196,989

Other assets:
	Tax credit investments			90,053		-		-		83,506		83,506
	Deferred compensation assets			31,221		31,221		-		-		31,221
Total other assets				121,274		31,221		-		83,506		114,727

Nonearning assets:
	Cash & due from banks			283,648		283,648		-		-		283,648
	Fixed income receivables			219,939		-		219,939		-		219,939
	Accrued interest receivable			55,746		-		55,746		-		55,746
Total nonearning assets				559,333		283,648		275,685		-		559,333
Total assets			$	25,815,682	$	683,240	$	6,360,152	$	18,462,666	$	25,506,058

Liabilities:
Deposits:
	Defined maturity		$	1,264,635	$	-	$	1,274,663	$	-	$	1,274,663
	Undefined maturity			19,365,542		-		19,365,542		-		19,365,542
Total deposits				20,630,177		-		20,640,205		-		20,640,205

Trading liabilities (a)				789,540		-		789,540		-		789,540

Short-term financial liabilities:
	Federal funds purchased			508,669		-		508,669		-		508,669
	Securities sold under agreements to repurchase			451,129		-		451,129		-		451,129
	Other short-term borrowings			543,033		-		543,033		-		543,033
Total short-term financial liabilities				1,502,831		-		1,502,831		-		1,502,831

Term borrowings:
	Real estate investment trust-preferred			45,998		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		18,213		18,213
	Borrowings secured by residential real estate			30,956		-		-		26,715		26,715
	Other long term borrowings			981,989		-		955,542		-		955,542
Total term borrowings				1,076,943		-		955,542		94,278		1,049,820

Derivative liabilities (a)				170,619		19,618		144,166		6,835		170,619

Other noninterest-bearing liabilities:
	Fixed income payables			90,400		-		90,400		-		90,400
	Accrued interest payable			9,846		-		9,846		-		9,846
Total other noninterest-bearing liabilities				100,246		-		100,246		-		100,246
Total liabilities			$	24,270,356	$	19,618	$	24,132,530	$	101,113	$	24,253,261

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 $68.6 million.

			June 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	$	9,753,813	$	-	$	-	$	9,716,906	$	9,716,906
		Commercial real estate		1,379,223		-		-		1,362,420		1,362,420
	Consumer:
		Consumer real estate		4,784,814		-		-		4,567,129		4,567,129
		Permanent mortgage		465,302		-		-		434,145		434,145
		Credit card & other		332,269		-		-		333,921		333,921
Total loans, net of unearned income and allowance for loan losses				16,715,421		-		-		16,414,521		16,414,521

Short-term financial assets:
	Interest-bearing cash			344,944		344,944		-		-		344,944
	Federal funds sold			77,039		-		77,039		-		77,039
	Securities purchased under agreements to resell			816,991		-		816,991		-		816,991
Total short-term financial assets				1,238,974		344,944		894,030		-		1,238,974

Trading securities (a)				1,133,490		-		1,128,561		4,929		1,133,490
Loans held-for-sale (a)				127,196		-		-		127,196		127,196
Securities available-for-sale (a) (b)				3,648,860		25,825		3,463,981		159,054		3,648,860
Securities held-to-maturity				4,306		-		-		5,356		5,356
Derivative assets (a)				115,230		5,299		109,931		-		115,230

Other assets:
	Tax credit investments			90,095		-		-		60,619		60,619
	Deferred compensation assets			27,341		27,341		-		-		27,341
Total other assets				117,436		27,341		-		60,619		87,960

Nonearning assets:
	Cash & due from banks			274,256		274,256		-		-		274,256
	Fixed income receivables			91,069		-		91,069		-		91,069
	Accrued interest receivable			57,346		-		57,346		-		57,346
Total nonearning assets				422,671		274,256		148,415		-		422,671
Total assets			$	23,523,584	$	677,665	$	5,744,918	$	16,771,675	$	23,194,258

Liabilities:
Deposits:
	Defined maturity		$	1,169,153	$	-	$	1,173,899	$	-	$	1,173,899
	Undefined maturity			17,505,320		-		17,505,320		-		17,505,320
Total deposits				18,674,473		-		18,679,219		-		18,679,219
Trading liabilities (a)				732,564		-		732,564		-		732,564
Short-term financial liabilities:
	Federal funds purchased			556,862		-		556,862		-		556,862
	Securities sold under agreements to repurchase			311,760		-		311,760		-		311,760
	Other short-term borrowings			150,350		-		150,350		-		150,350
Total short-term financial liabilities				1,018,972		-		1,018,972		-		1,018,972

Term borrowings:
	Real estate investment trust-preferred			45,930		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,983		17,983
	Borrowings secured by residential real estate			55,679		-		-		48,051		48,051
	Other long term borrowings			1,435,663		-		1,411,226		-		1,411,226
Total term borrowings				1,555,272		-		1,411,226		115,384		1,526,610

Derivative liabilities (a)				109,815		4,788		100,217		4,810		109,815

Other noninterest-bearing liabilities:
	Fixed income payables			54,301		-		54,301		-		54,301
	Accrued interest payable			16,382		-		16,382		-		16,382
Total other noninterest-bearing liabilities				70,683		-		70,683		-		70,683
Total liabilities			$	22,161,779	$	4,788	$	22,012,881	$	120,194	$	22,137,863

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

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.

	Contractual Amount				Fair Value
(Dollars in thousands)	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Unfunded Commitments:
Loan commitments	$	7,516,141	$	7,507,315	$	2,058	$	2,761
Standby and other commitments		293,319		304,860		4,340		4,846

- 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