Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended |
Sep. 30, 2013 | |
Document And Entity Information [Abstract] | ' |
Entity Registrant Name | 'FIRST HORIZON NATIONAL CORP |
Entity Central Index Key | '0000036966 |
Document Type | '10-Q |
Document Period End Date | 30-Sep-13 |
Amendment Flag | 'false |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'Q3 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 236,328,090 |
Consolidated_Condensed_Stateme
Consolidated Condensed Statements Of Condition (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Assets: | ' | ' | ' | |||
Cash and due from banks (Restricted - $1.5 million on September 30, 2013; $.6 million on September 30, 2012; and $ - on December 31, 2012) | $395,631 | $469,879 | $355,978 | |||
Federal funds sold | 52,830 | 34,492 | 12,425 | |||
Securities purchased under agreements to resell (Note 16) | 576,355 | 601,891 | 517,263 | |||
Total cash and cash equivalents (Restricted - $1.5 million on September 30, 2013; $.6 million on September 30, 2012; and $ - on December 31, 2012) | 1,024,816 | 1,106,262 | 885,666 | |||
Interest-bearing cash | 184,179 | 353,373 | 440,916 | |||
Trading securities | 1,343,134 | 1,262,720 | 1,204,366 | |||
Loans held-for-sale | 371,640 | 401,937 | 410,550 | |||
Securities available-for-sale (Note 3) | 3,186,943 | [1] | 3,061,808 | 3,123,629 | [2] | |
Loans, net of unearned income (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) (Note 4) | 15,408,556 | 16,708,582 | 16,523,783 | |||
Less: Allowance for loan losses (Restricted - $3.2 million on September 30, 2013; $4.4 million on September 30, 2012; and $4.3 million on December 31, 2012) (Note 4) | 255,710 | 276,963 | 281,744 | |||
Total net loans (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 15,152,846 | 16,431,619 | 16,242,039 | |||
Mortgage servicing rights (Note 5) | 116,686 | 114,311 | 120,537 | |||
Goodwill (Note 6) | 140,479 | 134,242 | 134,242 | |||
Other intangible assets, net (Note 6) | 22,216 | [3] | 22,700 | [3] | 23,679 | [3] |
Capital markets receivables | 417,743 | 303,893 | 791,190 | |||
Premises and equipment, net | 308,779 | 303,273 | 305,346 | |||
Real estate acquired by foreclosure | 71,626 | 60,690 | 70,779 | |||
Derivative assets (Note 15) | 215,116 | 292,472 | 334,025 | |||
Other assets (Restricted - $1.4 million on September 30, 2013; $1.9 million on September 30, 2012 and December 31, 2012) | 1,637,138 | 1,670,840 | 1,652,866 | |||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 24,193,341 | 25,520,140 | 25,739,830 | |||
Deposits: | ' | ' | ' | |||
Savings | 6,781,522 | 6,705,496 | 6,608,534 | |||
Time deposits | 997,726 | 1,019,938 | 1,063,380 | |||
Other interest-bearing deposits | 3,494,236 | 3,798,313 | 3,468,367 | |||
Certificates of deposit $100,000 and more | 575,679 | 503,490 | 518,717 | |||
Interest-bearing | 11,849,163 | 12,027,237 | 11,658,998 | |||
Noninterest-bearing | 4,434,746 | 4,602,472 | 4,569,113 | |||
Total deposits | 16,283,909 | 16,629,709 | 16,228,111 | |||
Federal funds purchased | 1,062,901 | 1,351,023 | 1,350,806 | |||
Securities sold under agreements to repurchase (Note 16) | 427,232 | 555,438 | 443,370 | |||
Trading liabilities | 585,969 | 564,429 | 516,970 | |||
Other short-term borrowings | 303,686 | 441,201 | 856,958 | |||
Term borrowings (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 1,771,288 | 2,226,482 | 2,263,238 | |||
Capital markets payables | 388,373 | 296,450 | 574,201 | |||
Derivative liabilities (Note 15) | 165,918 | 202,269 | 225,084 | |||
Other liabilities | 770,772 | 743,933 | 749,204 | |||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 21,760,048 | 23,010,934 | 23,207,942 | |||
First Horizon National Corporation Shareholders' Equity: | ' | ' | ' | |||
Preferred stock - Series A, non-cumulative perpetual, no par value, liquidation preference of $100,000 per share - (shares authorized - 1,000; shares issued - 1,000 on September 30, 2013; - on September 30, 2012 and December 31, 2012) | 95,624 | 0 | 0 | |||
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 236,328,090 on September 30, 2013; 247,133,973 on September 30, 2012; and 243,597,780 on December 31, 2012) | 147,705 | 152,249 | 154,459 | |||
Capital surplus | 1,413,248 | 1,488,463 | 1,517,488 | |||
Undivided profits | 657,676 | 719,672 | 681,460 | |||
Accumulated other comprehensive loss, net (Note 8) | -176,391 | -146,343 | -116,684 | |||
Total First Horizon National Corporation Shareholders' Equity | 2,137,862 | 2,214,041 | 2,236,723 | |||
Noncontrolling interest | 295,431 | 295,165 | 295,165 | |||
Total equity | 2,433,293 | 2,509,206 | 2,531,888 | |||
Total liabilities and equity | $24,193,341 | $25,520,140 | $25,739,830 | |||
[1] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[2] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[3] | Represents customer lists, acquired contracts, premium on purchased deposits, and covenants not to compete. |
Consolidated_Condensed_Stateme1
Consolidated Condensed Statements of Condition (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Cash and due from banks (Restricted - $1.5 million on September 30, 2013; $.6 million on September 30, 2012; and $ - on December 31, 2012) | $395,631,000 | $469,879,000 | $355,978,000 |
Total cash and cash equivalents (Restricted - $1.5 million on September 30, 2013; $.6 million on September 30, 2012; and $ - on December 31, 2012) | 1,024,816,000 | 1,106,262,000 | 885,666,000 |
Loans, net of unearned income (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) (Note 4) | 15,408,556,000 | 16,708,582,000 | 16,523,783,000 |
Less: Allowance for loan losses (Restricted - $3.2 million on September 30, 2013; $4.4 million on September 30, 2012; and $4.3 million on December 31, 2012) (Note 4) | 255,710,000 | 276,963,000 | 281,744,000 |
Total net loans (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 15,152,846,000 | 16,431,619,000 | 16,242,039,000 |
Other assets (Restricted - $1.4 million on September 30, 2013; $1.9 million on September 30, 2012 and December 31, 2012) | 1,637,138,000 | 1,670,840,000 | 1,652,866,000 |
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 24,193,341,000 | 25,520,140,000 | 25,739,830,000 |
Term borrowings (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 1,771,288,000 | 2,226,482,000 | 2,263,238,000 |
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 21,760,048,000 | 23,010,934,000 | 23,207,942,000 |
Common stock, par value | $0.63 | $0.63 | $0.63 |
Common stock, shares authorized | 400,000,000 | 400,000,000 | 400,000,000 |
Common stock, shares issued | 236,328,090 | 243,597,780 | 247,133,973 |
Preferred stock, no par value | $0 | $0 | $0 |
Preferred Stock Liquidation Preference Value | 100,000 | 0 | 0 |
Preferred stock, shares authorized | 1,000 | 0 | 0 |
Preferred stock, shares issued | 1,000 | 0 | 0 |
Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' |
Cash and due from banks (Restricted - $1.5 million on September 30, 2013; $.6 million on September 30, 2012; and $ - on December 31, 2012) | 1,500,000 | 0 | 600,000 |
Total cash and cash equivalents (Restricted - $1.5 million on September 30, 2013; $.6 million on September 30, 2012; and $ - on December 31, 2012) | 1,500,000 | 0 | 600,000 |
Loans, net of unearned income (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) (Note 4) | 100,000,000 | 100,000,000 | 100,000,000 |
Less: Allowance for loan losses (Restricted - $3.2 million on September 30, 2013; $4.4 million on September 30, 2012; and $4.3 million on December 31, 2012) (Note 4) | 3,200,000 | 4,300,000 | 4,400,000 |
Total net loans (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 100,000,000 | 100,000,000 | 100,000,000 |
Other assets (Restricted - $1.4 million on September 30, 2013; $1.9 million on September 30, 2012 and December 31, 2012) | 1,400,000 | 1,900,000 | 1,900,000 |
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 100,000,000 | 100,000,000 | 100,000,000 |
Term borrowings (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 100,000,000 | 100,000,000 | 100,000,000 |
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | $100,000,000 | $100,000,000 | $100,000,000 |
Consolidated_Condensed_Stateme2
Consolidated Condensed Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Interest income: | ' | ' | ' | ' | ||||
Interest and fees on loans | $149,698 | $163,813 | $454,297 | $486,507 | ||||
Interest on investment securities | 20,916 | 24,136 | 62,442 | 76,413 | ||||
Interest on loans held-for-sale | 3,058 | 3,808 | 9,729 | 11,174 | ||||
Interest on trading securities | 8,747 | 8,392 | 25,798 | 27,450 | ||||
Interest on other earning assets | 191 | 367 | 734 | 1,210 | ||||
Total interest income | 182,610 | 200,516 | 553,000 | 602,754 | ||||
Interest on deposits: | ' | ' | ' | ' | ||||
Savings | 3,471 | 4,764 | 11,557 | 15,127 | ||||
Time deposits | 4,013 | 5,169 | 12,294 | 16,626 | ||||
Other interest-bearing deposits | 817 | 1,455 | 2,975 | 4,628 | ||||
Certificates of deposit $100,000 and more | 1,658 | 1,975 | 4,769 | 6,586 | ||||
Interest on trading liabilities | 3,632 | 2,556 | 10,182 | 7,914 | ||||
Interest on short-term borrowings | 1,103 | 1,443 | 3,565 | 3,958 | ||||
Interest on term borrowings | 9,078 | 9,689 | 27,419 | 29,846 | ||||
Total interest expense | 23,772 | 27,051 | 72,761 | 84,685 | ||||
Net interest income | 158,838 | 173,465 | 480,239 | 518,069 | ||||
Provision for loan losses | 10,000 | 40,000 | 40,000 | 63,000 | ||||
Net interest income after provision for loan losses | 148,838 | 133,465 | 440,239 | 455,069 | ||||
Noninterest income: | ' | ' | ' | ' | ||||
Capital markets | 64,283 | 80,773 | 212,711 | 262,429 | ||||
Deposit transactions and cash management | 29,279 | 30,352 | 85,189 | 89,216 | ||||
Mortgage banking | 14,460 | 10,373 | 29,422 | 43,603 | ||||
Brokerage, management fees and commissions | 10,868 | 8,699 | 30,756 | 25,954 | ||||
Trust services and investment management | 6,649 | 6,055 | 19,927 | 18,340 | ||||
Insurance commissions | 733 | 946 | 2,063 | 2,344 | ||||
Gain on divestiture | 115 | 0 | 115 | 200 | ||||
Equity securities gains/(losses), net | 0 | 0 | 28 | 5,065 | ||||
Debt securities gains/(losses), net | -96 | 0 | -451 | 328 | ||||
All other income and commissions (Note 7) | 24,184 | 26,340 | 69,774 | 77,407 | ||||
Total noninterest income | 150,475 | 163,538 | 449,534 | 524,886 | ||||
Adjusted gross income after provision for loan losses | 299,313 | 297,003 | 889,773 | 979,955 | ||||
Noninterest expense: | ' | ' | ' | ' | ||||
Repurchase and foreclosure provision | 200,000 | 0 | 200,000 | 299,256 | ||||
Employee compensation, incentives, and benefits (three and nine months ended September 30, 2013, include $17.2 million and $22.6 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) | 132,213 | 153,970 | 401,897 | 479,044 | ||||
Occupancy | 13,147 | 13,059 | 37,754 | 36,664 | ||||
Legal and professional fees | 12,704 | 12,295 | 37,940 | 26,779 | ||||
Computer software | 10,446 | 10,260 | 30,130 | 29,685 | ||||
Contract employment and outsourcing | 9,241 | 10,187 | 26,861 | 32,146 | ||||
Operations services | 9,199 | 8,702 | 26,111 | 27,306 | ||||
Equipment rentals, depreciation, and maintenance | 7,890 | 7,931 | 23,307 | 23,336 | ||||
FDIC premium expense | 4,631 | 7,532 | 15,679 | 20,669 | ||||
Communications and courier | 4,517 | 4,722 | 13,485 | 13,705 | ||||
Miscellaneous loan costs | 1,349 | 577 | 3,508 | 3,202 | ||||
Amortization of intangible assets | 928 | 979 | 2,784 | 2,931 | ||||
Foreclosed real estate | 523 | 2,968 | 3,249 | 9,046 | ||||
All other expense (Note 7) | 26,768 | 29,987 | 78,799 | 108,571 | ||||
Total noninterest expense | 433,556 | 263,169 | 901,504 | 1,112,340 | ||||
Income/(loss) before income taxes | -134,243 | 33,834 | -11,731 | -132,385 | ||||
Provision/(benefit) for income taxes (three and nine months ended September 30, 2013, include $6.6 million and $8.7 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) | -31,094 | 5,260 | 1,644 | -72,348 | ||||
Income/(loss) from continuing operations | -103,149 | 28,574 | -13,375 | -60,037 | ||||
Income/(loss) from discontinued operations, net of tax | 123 | [1] | 108 | [1] | 554 | [1] | 160 | [1] |
Net income/(loss) | -103,026 | 28,682 | -12,821 | -59,877 | ||||
Net income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | ||||
Net income/(loss) attributable to controlling interest | -105,901 | 25,807 | -21,352 | -68,440 | ||||
Preferred stock dividends | 1,550 | 0 | 4,288 | 0 | ||||
Net income/(loss) available to common shareholders | ($107,451) | $25,807 | ($25,640) | ($68,440) | ||||
Basic earnings/(loss) per share from continuing operations (Note 9) | ($0.45) | $0.10 | ($0.11) | ($0.27) | ||||
Diluted earnings/(loss) per share from continuing operations (Note 9) | ($0.45) | $0.10 | ($0.11) | ($0.27) | ||||
Basic earnings/(loss) per share (Note 9) | ($0.45) | $0.10 | ($0.11) | ($0.27) | ||||
Diluted earnings/(loss) per share (Note 9) | ($0.45) | $0.10 | ($0.11) | ($0.27) | ||||
Weighted average common shares (Note 9) | 236,895 | 246,628 | 238,990 | 249,742 | ||||
Diluted average common shares (Note 9) | 236,895 | 248,306 | 238,990 | 249,742 | ||||
[1] | Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder. |
Consolidated_Condensed_Stateme3
Consolidated Condensed Statements of Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Consolidated Condensed Statements Of Income [Abstract] | ' | ' |
Pension and post-retirement plans expense reclassified from accumulated other comprehensive income | $17.20 | $22.60 |
Income tax benefit reclassified from accumulated other comprehensive income | $6.60 | $8.70 |
Consolidated_Condensed_Stateme4
Consolidated Condensed Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
Components Of Other Comprehensive Income/(Loss) [Abstract] | ' | ' | ' | ' | ||
Net income/(loss) | ($103,026) | $28,682 | ($12,821) | ($59,877) | ||
Unrealized fair value adjustments: | ' | ' | ' | ' | ||
Securities available-for-sale | 1,714 | 243 | -44,097 | -3,147 | ||
Recognized pension and other employee benefit plans net periodic benefit costs | 10,560 | 5,655 | 14,049 | 16,619 | ||
Other comprehensive income/(loss) | 12,274 | 5,898 | -30,048 | [1] | 13,472 | [1] |
Comprehensive income/(loss) | -90,752 | 34,580 | -42,869 | -46,405 | ||
Comprehensive income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | ||
Comprehensive income/(loss) attributable to controlling interest | ($93,627) | $31,705 | ($51,400) | ($54,968) | ||
[1] | Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder. |
Consolidated_Condensed_Stateme5
Consolidated Condensed Statements Of Equity (USD $) | Total | Controlling Interest [Member] | Noncontrolling Interest [Member] | |||
In Thousands, unless otherwise specified | ||||||
Balance, at Dec. 31, 2011 | $2,684,637 | $2,389,472 | $295,165 | |||
Net income/(loss) | -59,877 | -68,440 | 8,563 | |||
Other comprehensive income/(loss) | [1] | 13,472 | 13,472 | 0 | ||
Comprehensive income/(loss) | -46,405 | -54,968 | 8,563 | |||
Preferred stock issuance (1,000 shares issued at $100,000 per share net of offering costs) | 0 | 0 | 0 | |||
Cash dividends declared: | ' | ' | ' | |||
Preferred stock ($4,288.33 per share) | 0 | 0 | 0 | |||
Common stock ($.15 per share and $.03 per share for the nine months ended September 30, 2013 and 2012, respectively) | -7,464 | -7,464 | 0 | |||
Common stock repurchased | -98,902 | [2] | -98,902 | [2] | 0 | |
Common stock issued for: | ' | ' | ' | |||
Stock options and restricted stock-equity awards | 133 | 133 | 0 | |||
Stock-based compensation expense | 12,398 | 12,398 | 0 | |||
Dividends declared-noncontrolling interest of subsidiary preferred stock | -8,563 | 0 | -8,563 | |||
Tax benefit reversals-stock-based compensation plans | -3,946 | -3,946 | 0 | |||
Real estate investment trust ("REIT") preferred stock issuance | 0 | 0 | 0 | |||
Acquired noncontrolling interest - REIT | 0 | 0 | 0 | |||
Other changes in equity | 0 | 0 | 0 | |||
Balance, at Sep. 30, 2012 | 2,531,888 | 2,236,723 | 295,165 | |||
Balance, at Dec. 31, 2012 | 2,509,206 | 2,214,041 | 295,165 | |||
Net income/(loss) | -12,821 | -21,352 | 8,531 | |||
Other comprehensive income/(loss) | [1] | -30,048 | -30,048 | 0 | ||
Comprehensive income/(loss) | -42,869 | -51,400 | 8,531 | |||
Preferred stock issuance (1,000 shares issued at $100,000 per share net of offering costs) | 95,624 | 95,624 | 0 | |||
Cash dividends declared: | ' | ' | ' | |||
Preferred stock ($4,288.33 per share) | -4,288 | -4,288 | 0 | |||
Common stock ($.15 per share and $.03 per share for the nine months ended September 30, 2013 and 2012, respectively) | -36,345 | -36,345 | 0 | |||
Common stock repurchased | -91,395 | [2] | -91,395 | [2] | 0 | |
Common stock issued for: | ' | ' | ' | |||
Stock options and restricted stock-equity awards | 608 | 608 | 0 | |||
Stock-based compensation expense | 12,452 | 12,452 | 0 | |||
Dividends declared-noncontrolling interest of subsidiary preferred stock | -8,531 | 0 | -8,531 | |||
Tax benefit reversals-stock-based compensation plans | -1,509 | -1,509 | 0 | |||
Real estate investment trust ("REIT") preferred stock issuance | 92 | 0 | 92 | |||
Acquired noncontrolling interest - REIT | 174 | 0 | 174 | |||
Other changes in equity | 74 | 74 | 0 | |||
Balance, at Sep. 30, 2013 | $2,433,293 | $2,137,862 | $295,431 | |||
[1] | Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder. | |||||
[2] | 2013 and 2012 include $87.6 million and $96.4 million, respectively, repurchased under the share repurchase program launched in fourth quarter 2011. |
Consolidated_Condensed_Stateme6
Consolidated Condensed Statements Of Equity (Parenthetical) (USD $) | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | |||
Common stock - cash dividends declared per share | $0.15 | $0.03 | ||
Common stock repurchased | $91,395,000 | [1] | $98,902,000 | [1] |
Preferred Stock Shares Issued | 1,000 | 0 | ||
Preferred Stock Liquidation Preference Value | 100,000 | 0 | ||
Preferred Stock Dividends Per Share Declared | $4,288.33 | $0 | ||
Stock Repurchase Authorization [Member] | ' | ' | ||
Common stock repurchased | $87,600,000 | $96,400,000 | ||
[1] | 2013 and 2012 include $87.6 million and $96.4 million, respectively, repurchased under the share repurchase program launched in fourth quarter 2011. |
Consolidated_Condensed_Stateme7
Consolidated Condensed Statements Of Cash Flow (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Operating Activities | ' | ' | ||
Net income/(loss) | ($12,821) | ($59,877) | ||
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities: | ' | ' | ||
Provision for loan losses | 40,000 | 63,000 | ||
Provision/(benefit) for deferred income tax | -44,806 | -83,807 | ||
Depreciation and amortization of premises and equipment | 26,507 | 26,320 | ||
Amortization of intangible assets | 2,784 | 2,931 | ||
Net other amortization and accretion | 26,387 | 59,161 | ||
Net (increase)/decrease in derivatives | -7,858 | -11,635 | ||
Market value adjustment on mortgage servicing rights | -20,267 | 4,541 | ||
Repurchase and foreclosure provision | 200,000 | 299,256 | ||
Fair value adjustment to foreclosed real estate | 3,279 | 7,873 | ||
Litigation and regulatory matters | 6,299 | 29,013 | ||
(Gain)/losses on divestitures | -638 | -485 | ||
Stock-based compensation expense | 12,452 | 12,398 | ||
Tax benefit reversals stock-based compensation plans | 1,509 | 3,946 | ||
Equity securities (gains)/losses, net | -28 | -5,065 | ||
Debt securities (gains)/losses, net | 451 | -328 | ||
Net (gain)/losses on sale/disposal of fixed assets | 1,050 | -2,432 | ||
Net (increase)/decrease in: | ' | ' | ||
Trading securities | -84,502 | -223,064 | ||
Loans held-for-sale | 30,297 | 3,347 | ||
Capital markets receivables | -113,850 | -626,203 | ||
Interest receivable | 890 | -6,256 | ||
Other assets | 105,048 | 211,339 | ||
Net increase/(decrease) in: | ' | ' | ||
Capital markets payables | 91,923 | 409,493 | ||
Interest payable | 5,810 | 12,684 | ||
Other liabilities | -177,245 | -183,396 | ||
Trading liabilities | 21,540 | 169,685 | ||
Total adjustments | 127,032 | 172,316 | ||
Net cash provided/(used) by operating activities | 114,211 | 112,439 | ||
Available-for-sale securities: | ' | ' | ||
Sales | 63,787 | 47,493 | ||
Maturities | 783,033 | 758,573 | ||
Purchases | -977,723 | -870,973 | ||
Premises and equipment: | ' | ' | ||
Sales | 0 | 6,845 | ||
Purchases | -18,949 | -14,826 | ||
Net (increase)/decrease in: | ' | ' | ||
Loans | 1,461,678 | -291,042 | ||
Interests retained from securitizations classified as trading securities | 4,088 | 6,915 | ||
Interest-bearing cash | 196,178 | 11,940 | ||
Cash receipts related to divestitures | 1,638 | 5,278 | ||
Cash received for acquisition | 50,934 | 0 | ||
Net cash provided/(used) by investing activities | 1,564,664 | -339,797 | ||
Common stock: | ' | ' | ||
Stock options exercised | 608 | 133 | ||
Cash dividends paid | -26,467 | -7,604 | ||
Repurchase of shares | -91,395 | [1] | -98,902 | [1] |
Tax benefit reversals stock-based compensation plans | -1,509 | -3,946 | ||
Preferred stock issuance | 95,624 | 0 | ||
Cash dividends paid - preferred stock - noncontrolling interest | -8,531 | -8,531 | ||
Cash dividends paid - Series A preferred stock | -2,738 | 0 | ||
Term borrowings: | ' | ' | ||
Payments/maturities | -411,027 | -208,637 | ||
Increases in restricted and secured term borrowings | 4,411 | 5,622 | ||
Net increase/(decrease) in: | ' | ' | ||
Deposits | -707,898 | 15,102 | ||
Short-term borrowings | -611,399 | 591,532 | ||
Net cash provided/(used) by financing activities | -1,760,321 | 284,769 | ||
Net increase/(decrease) in cash and cash equivalents | -81,446 | 57,411 | ||
Cash and cash equivalents at beginning of period | 1,106,262 | 828,255 | ||
Cash and cash equivalents at end of period | 1,024,816 | 885,666 | ||
Supplemental Disclosures | ' | ' | ||
Total interest paid | 65,750 | 71,535 | ||
Total taxes paid | 5,044 | 34,560 | ||
Total taxes refunded | 26,035 | 168,391 | ||
Transfer from loans to other real estate owned | $9,760 | $25,986 | ||
[1] | 2013 and 2012 include $87.6 million and $96.4 million, respectively, repurchased under the share repurchase program launched in fourth quarter 2011. |
Consolidated_Condensed_Stateme8
Consolidated Condensed Statements Of Cash Flow (Parenthetical) (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Shares repurchased under the share repurchase program, value | $91,395 | [1] | $98,902 | [1] |
Stock Repurchase Authorization [Member] | ' | ' | ||
Shares repurchased under the share repurchase program, value | $87,600 | $96,400 | ||
[1] | 2013 and 2012 include $87.6 million and $96.4 million, respectively, repurchased under the share repurchase program launched in fourth quarter 2011. |
Financial_Information
Financial Information | 9 Months Ended |
Sep. 30, 2013 | |
Financial Information[Abstract] | ' |
Financial Information | ' |
Note 1 – Financial Information | |
Basis of Accounting. The unaudited interim consolidated condensed financial statements of First Horizon National Corporation (“FHN”), including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results. In the opinion of management, all necessary adjustments have been made for a fair presentation of financial position and results of operations for the periods presented. These adjustments are of a normal recurring nature unless otherwise disclosed in this Quarterly Report on Form 10-Q. The operating results for the interim 2013 periods are not necessarily indicative of the results that may be expected going forward. For further information, refer to the audited consolidated financial statements in the 2012 Annual Report to shareholders. | |
Summary of Accounting Changes. Effective January 1, 2013, FHN adopted the provisions of FASB Accounting Standards Update ("ASU") 2011-11, “Balance Sheet: Disclosures about Offsetting Assets and Liabilities.” ASU 2011-11 creates new disclosure requirements about the nature of an entity's rights of setoff and related arrangements associated with its financial instruments and derivative instruments. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the balance sheet as well as instruments and transactions subject to an agreement similar to a master netting arrangement. The scope of ASU 2011-11 includes derivatives, sale and repurchase agreements/reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The provisions of ASU 2011-11 are effective for periods beginning on or after January 1, 2013, with retrospective application to all periods presented in the financial statements required. Additionally in January 2013, FASB issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", that narrowed the scope of ASU 2011-11. Based on this amendment, ASU 2011-11 applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Upon adoption of ASU 2011-11, FHN revised its disclosures accordingly. The adoption of the provisions of ASU 2011-11 had no effect on FHN's statement of condition, results of operations, or cash flows. | |
Effective January 1, 2013, FHN adopted the provisions of FASB ASU 2013-02, "Comprehensive Income: Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income." ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements but modified interim disclosure requirements such that changes in accumulated other comprehensive income must be disclosed in interim filings. The provisions of ASU 2013-02 are effective for periods beginning after December 15, 2012, with prospective application to transactions or modifications of existing transactions that occur on or after the effective date. Upon adoption of the provisions of ASU 2013-02 on January 1, 2013, FHN revised its financial statements and disclosures accordingly. | |
Accounting Changes Issued but Not Currently Effective. In July 2013, the FASB issued ASU 2013-11, "Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." ASU 2013-11 provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Generally, ASU 2013-11 requires that an unrecognized tax benefit should reduce a deferred tax asset (“DTA”) that has been established for a net operating loss (“NOL”), a tax credit carryforward, or other similar tax losses. However, if a filer does not have such carryforwards or similar tax losses at the reporting date, the uncertain tax position should be recorded as a liability. If a filer does have a DTA, but is not required by tax law of the applicable jurisdiction to use the DTA to settle additional taxes from the disallowance of a tax position and that is the filers' intent, the uncertain tax position should be recognized as a liability in that situation as well and not netted with the DTA. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The provisions of ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. The provisions of ASU 2013-11 should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. FHN does not expect the adoption of the provisions of ASU 2013-11 to have a material effect on FHN's statement of condition, results of operations, or cash flows. | |
In July 2013, the FASB issued ASU 2013-10, "Derivatives and Hedging: Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes." ASU 2013-10 provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The provisions of ASU 2013-10 permit the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, in addition to U.S. Treasury rates and London Interbank Offered Rate ("LIBOR"). The amendments also remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013. FHN may apply the provisions of ASU 2013-10 to future hedging relationships. |
Acquisitions_and_Divestitures
Acquisitions and Divestitures | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Acquisitions and Divestitures [Abstract] | ' | ||||||||||
Acquisitions and Divestitures | ' | ||||||||||
Note 2 – Acquisitions and Divestitures | |||||||||||
On June 7, 2013, First Tennessee Bank National Association ("FTBNA") acquired substantially all of the assets and liabilities of Mountain National Bank ("MNB") a community bank headquartered in Sevierville, Tennessee from the Federal Deposit Insurance Corporation ("FDIC"), as receiver, pursuant to a purchase and assumption agreement. Prior to the acquisition, MNB operated 12 branches in Sevier and Blount counties in eastern Tennessee. | |||||||||||
Excluding purchase accounting adjustments, FHN acquired approximately $452 million in assets, including approximately $249 million in loans, and assumed approximately $362 million of MNB deposits. There was no premium associated with the acquired deposits and assets were acquired at a discount of $33 million from book value. FHN did not enter into a loss-sharing agreement with the FDIC associated with the MNB purchase. | |||||||||||
FHN has accounted for the acquisition as a business combination in accordance with ASC 805, "Business Combinations," which requires acquired assets and liabilities (other than tax balances) to be recorded at fair value. Generally, the fair value for the acquired loans was estimated using a discounted cash flow analysis with significant unobservable inputs (Level 3) including adjustments for expected credit losses, prepayment speeds, current market rates for similar loans, and an adjustment for investor-required yield given product-type and various risk characteristics (refer to Note 4 - Loans for additional information). | |||||||||||
FHN continues to analyze the estimates of the fair value of the assets acquired and liabilities assumed, and as such the amounts recorded are provisional. FHN believes that information provides a reasonable basis for estimating fair values. FHN expects to substantially complete the purchase price allocation by the end of 2013; however, the fair value estimates are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. In addition, the tax treatment is complex and subject to interpretations that may result in future adjustments of deferred taxes as of the acquisition date. | |||||||||||
In accordance with applicable accounting guidance, all measurement period adjustments related to acquisitions are presented in the acquired balance at closing, with revision of previously reported amounts. | |||||||||||
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 | |||||||||
In relation to the acquisition FHN recorded $6.2 million in goodwill, representing the excess of the estimated fair values of liabilities assumed over the estimated fair value of the assets acquired (refer to Note - 6 - Intangible Assets for additional information). Of this amount, $3.5 million is expected to be deductible for tax purposes. | |||||||||||
FHN's operating results for the quarter ended September 30, 2013, include the operating results of the acquired assets and assumed liabilities of MNB subsequent to the acquisition on June 7, 2013. | |||||||||||
FHN acquires or divests assets from time to time in transactions that are considered business combinations or divestitures but are not material to FHN individually or in the aggregate. |
Investment_Securities
Investment Securities | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Investment Securities [Abstract] | ' | ||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||
Note 3 – Investment Securities | |||||||||||||||||||
The following tables summarize FHN’s available-for-sale (“AFS”) securities on September 30, 2013 and 2012: | |||||||||||||||||||
30-Sep-13 | |||||||||||||||||||
Gross | Gross | ||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||
Securities available-for-sale: | |||||||||||||||||||
U.S. treasuries | $ | 39,993 | $ | 3 | $ | - | $ | 39,996 | |||||||||||
Government agency issued mortgage-backed securities ("MBS") | 838,077 | 40,944 | -3,570 | 875,451 | |||||||||||||||
Government agency issued collateralized mortgage obligations ("CMO") | 2,043,803 | 17,420 | -36,102 | 2,025,121 | |||||||||||||||
Other U.S. government agencies | 2,381 | 147 | - | 2,528 | |||||||||||||||
States and municipalities | 15,155 | - | - | 15,155 | |||||||||||||||
Equity and other (a) | 228,709 | - | -17 | 228,692 | |||||||||||||||
Total securities available for sale (b) | $ | 3,168,118 | $ | 58,514 | $ | -39,689 | $ | 3,186,943 | |||||||||||
Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. | |||||||||||||||||||
Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||||||||||||||||
30-Sep-12 | |||||||||||||||||||
Gross | Gross | ||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||
Securities available-for-sale: | |||||||||||||||||||
U.S. treasuries | $ | 54,995 | $ | 1 | $ | - | $ | 54,996 | |||||||||||
Government agency issued MBS | 1,191,811 | 79,639 | - | 1,271,450 | |||||||||||||||
Government agency issued CMO | 1,530,075 | 25,562 | -896 | 1,554,741 | |||||||||||||||
Other U.S. government agencies | 3,911 | 291 | - | 4,202 | |||||||||||||||
States and municipalities | 17,970 | - | - | 17,970 | |||||||||||||||
Equity and other (a) | 220,247 | 23 | - | 220,270 | |||||||||||||||
Total securities available for sale (b) | $ | 3,019,009 | $ | 105,516 | $ | -896 | $ | 3,123,629 | |||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||
Includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. | |||||||||||||||||||
Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||||||||||||||||
National banks chartered by the federal government are, by law, members of the Federal Reserve System. Each member bank is required to own stock in its regional Federal Reserve Bank (“FRB”). Given this requirement, FRB stock may not be sold, traded, or pledged as collateral for loans. Membership in the Federal Home Loan Bank (“FHLB”) network requires ownership of capital stock. Member banks are entitled to borrow funds from the FHLB and are required to pledge mortgage loans as collateral. Investments in the FHLB are non-transferable and, generally, membership is maintained primarily to provide a source of liquidity as needed. | |||||||||||||||||||
The amortized cost and fair value by contractual maturity for the available-for-sale securities portfolio on September 30, 2013, are provided below: | |||||||||||||||||||
Available-for-Sale | |||||||||||||||||||
Amortized | Fair | ||||||||||||||||||
(Dollars in thousands) | Cost | Value | |||||||||||||||||
Within 1 year | $ | 39,993 | $ | 39,996 | |||||||||||||||
After 1 year; within 5 years | 3,881 | 4,028 | |||||||||||||||||
After 5 years; within 10 years | - | - | |||||||||||||||||
After 10 years | 13,655 | 13,655 | |||||||||||||||||
Subtotal | 57,529 | 57,679 | |||||||||||||||||
Government agency issued MBS and CMO | 2,881,880 | 2,900,572 | |||||||||||||||||
Equity and other | 228,709 | 228,692 | |||||||||||||||||
Total | $ | 3,168,118 | $ | 3,186,943 | |||||||||||||||
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||
The table below provides information on gross gains and gross losses from investment securities for the three and nine months ended September 30: | |||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Gross gains on sales of securities | $ | 728 | $ | - | $ | 770 | $ | 5,433 | |||||||||||
Gross losses on sales of securities | -824 | - | -1,193 | - | |||||||||||||||
Net gain/(loss) on sales of securities (a) | -96 | - | -423 | 5,433 | |||||||||||||||
Net other than temporary impairment ("OTTI") recorded | - | - | - | -40 | |||||||||||||||
Total securities gain/(loss), net | $ | -96 | $ | - | $ | -423 | $ | 5,393 | |||||||||||
Proceeds for the three and nine months ended September 30, 2013, were $44.9 million and $63.8 million, respectively. There were no proceeds from sales for the three months ended September 30, 2012; proceeds from sales for the nine months ended September 30, 2012 were $47.5 million. | |||||||||||||||||||
The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses on September 30, 2013 and 2012: | |||||||||||||||||||
On September 30, 2013 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(Dollars in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Government agency issued CMO | $ | 1,241,836 | $ | -36,025 | $ | 12,018 | $ | -77 | $ | 1,253,854 | $ | -36,102 | |||||||
Government agency issued MBS | 154,299 | -3,570 | - | - | 154,299 | -3,570 | |||||||||||||
Total debt securities | 1,396,135 | -39,595 | 12,018 | -77 | 1,408,153 | -39,672 | |||||||||||||
Equity | 43 | -17 | - | - | 43 | -17 | |||||||||||||
Total temporarily impaired securities | $ | 1,396,178 | $ | -39,612 | $ | 12,018 | $ | -77 | $ | 1,408,196 | $ | -39,689 | |||||||
On September 30, 2012 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(Dollars in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Government agency issued CMO | $ | 205,205 | $ | -896 | $ | - | $ | - | $ | 205,205 | $ | -896 | |||||||
Total temporarily impaired securities | $ | 205,205 | $ | -896 | $ | - | $ | - | $ | 205,205 | $ | -896 | |||||||
FHN has reviewed investment securities that were in unrealized loss positions in accordance with its accounting policy for OTTI and does not consider them other-than-temporarily impaired. For debt securities with unrealized losses, FHN does not intend to sell them and it is more-likely-than-not that FHN will not be required to sell them prior to recovery. The decline in value is primarily attributable to interest rates and not credit losses. For equity securities, FHN has both the ability and intent to hold these securities for the time necessary to recover the amortized cost. |
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
Note 4 – Loans | |||||||||||||||||||||||||||||
The following table provides the balance of loans by portfolio segment as of September 30, 2013 and 2012, and December 31, 2012: | |||||||||||||||||||||||||||||
30-Sep | 31-Dec | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2012 | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial, financial, and industrial | $ | 7,746,942 | $ | 8,466,450 | $ | 8,796,956 | |||||||||||||||||||||||
Commercial real estate | 1,173,711 | 1,229,855 | 1,168,235 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Consumer real estate (a) | 5,458,047 | 5,735,904 | 5,688,703 | ||||||||||||||||||||||||||
Permanent mortgage (b) | 697,694 | 805,511 | 765,583 | ||||||||||||||||||||||||||
Credit card & other | 332,162 | 286,063 | 289,105 | ||||||||||||||||||||||||||
Loans, net of unearned income | $ | 15,408,556 | $ | 16,523,783 | $ | 16,708,582 | |||||||||||||||||||||||
Allowance for loan losses | 255,710 | 281,744 | 276,963 | ||||||||||||||||||||||||||
Total net loans | $ | 15,152,846 | $ | 16,242,039 | $ | 16,431,619 | |||||||||||||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||||||||||||
Balances as of September 30, 2013 and 2012, and December 31, 2012 include $349.3 million, $417.0 million and $402.4 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||||||||||||||||||||||||||
Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||||||||||||||||||||||||||
Components of the Loan Portfolio | |||||||||||||||||||||||||||||
The loan portfolio was disaggregated into segments and then further disaggregated into classes for certain disclosures. A portfolio segment is defined as the level at which FHN develops and documents a systematic method for determining its allowance for credit losses. A class is generally determined based on the initial measurement attribute (i.e., amortized cost or purchased credit impaired), risk characteristics of the loan, and FHN's method for monitoring and assessing credit risk. Commercial loan portfolio segments include commercial, financial, and industrial (“C&I”) and commercial real estate (“CRE”). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans (“TRUPs”)(i.e., loans to bank and insurance-related businesses) portfolio and purchase credit impaired ("PCI") loans. Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies exclusively for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. Commercial classes within commercial real estate include income CRE, residential CRE and PCI loans. Retail loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Retail classes include HELOC, real estate (“R/E”) installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other. | |||||||||||||||||||||||||||||
Acquisition | |||||||||||||||||||||||||||||
On June 7, 2013, FHN acquired substantially all of the assets and liabilities of MNB from the FDIC. The acquisition included approximately $249 million of loans. These loans are recorded at fair value which incorporates expected credit losses in accordance with ASC 805 resulting in no carryover of allowance for loan loss from the acquiree. See Note 2 - Acquisitions and Divestitures for additional information regarding the acquisition. At acquisition, FHN designated certain loans as purchase credit impaired (see discussion below) with the remaining loans accounted for under ASC 310-20, "Nonrefundable Fees and Other Costs". For loans accounted for under ASC 310-20, the difference between the loans' book value to MNB and the estimated fair value at the time of the acquisition will be accreted back into interest income over the remaining contractual life and the subsequent accounting and reporting will be similar to FHN's originated loan portfolio. | |||||||||||||||||||||||||||||
Purchase Credit Impaired Loans | |||||||||||||||||||||||||||||
ASC 310-30 "Accounting for Certain Loans or Debt Securities Acquired in a Transfer", provides guidance for acquired loans that have experienced deterioration of credit quality between origination and the time of acquisition and for which the timely collection of the interest and principal is no longer reasonably assured ("PCI loans"). PCI loans are initially recorded at fair value which was estimated by discounting expected cash flows at acquisition date. The expected cash flows includes all contractually expected amounts (including interest) and incorporates an estimate for future expected credit losses, pre-payment assumptions, and yield requirement for a market participant, among other things. To the extent possible, certain PCI loans were aggregated with composite interest rate and expectation of cash flows expected to be collected for the pool. Aggregation into loan pools is based on common risk characteristics that include similar credit risk or risk ratings, and one or more predominant risk characteristics. PCI pools are accounted for as a single unit. | |||||||||||||||||||||||||||||
Accretable yield is the excess of cash flows expected at acquisition over the initial investment in the loan and is recognized in interest income over the remaining life of the loan, or pool of loans. Nonaccretable difference is the difference between the contractually required payments at acquisition and the cash flows expected to be collected at acquisition. In quarters subsequent to the acquisition date, FHN re-estimates expected cash flows for PCI loans. Increases in expected cash flows from the last measurement will result in reversal of any nonaccretable difference (or allowance for loan losses to the extent any has been recorded) with a prospective positive impact on interest income. Decreases to the expected cash flows will result in an increase in the allowance for loan losses through increased provision expense. Generally, PCI loans will not be reported as nonperforming loans, troubled debt restructurings (if pooled), or impaired loans unless there has been an other-than-temporary decline in the fair value of a loan below amortized cost or if it is probable that a loan has become impaired in periods subsequent to the acquisition. | |||||||||||||||||||||||||||||
The following table reflects FHN's contractually required payments receivable, cash flows expected to be collected, and the fair value of purchase credit impaired ("PCI") loans at the acquisition date of June 7, 2013. The table has been revised from second quarter 2013 as the PCI population was finalized in third quarter 2013. | |||||||||||||||||||||||||||||
(Dollars in thousands) | 7-Jun-13 | ||||||||||||||||||||||||||||
Contractually required payments including interest | $ | 79,676 | |||||||||||||||||||||||||||
Less: nonaccretable difference | -23,750 | ||||||||||||||||||||||||||||
Cash flows expected to be collected | 55,926 | ||||||||||||||||||||||||||||
Less: accretable yield | -6,650 | ||||||||||||||||||||||||||||
Fair value of loans acquired | $ | 49,276 | |||||||||||||||||||||||||||
The following table presents a rollforward of the accretable yield for the three and nine months ended September 30, 2013: | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
Balance, beginning of period | $ | 6,432 | $ | - | |||||||||||||||||||||||||
Impact of acquisition/purchase on June 7, 2013 | - | 6,650 | |||||||||||||||||||||||||||
Accretion | -821 | -1,039 | |||||||||||||||||||||||||||
Adjustment for payoffs | -15 | -15 | |||||||||||||||||||||||||||
Balance, end of period | $ | 5,596 | $ | 5,596 | |||||||||||||||||||||||||
At September 30, 2013, there were no additions to the allowance for loan losses or adjustments to the nonaccretable difference. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of September 30, 2013: | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Ending balance | Unpaid balance | |||||||||||||||||||||||||||
Commercial, financial and industrial | $ | 2,410 | $ | 2,758 | |||||||||||||||||||||||||
Commercial real estate | 45,443 | 63,061 | |||||||||||||||||||||||||||
Consumer real estate | 894 | 1,309 | |||||||||||||||||||||||||||
Credit card and other | 17 | 24 | |||||||||||||||||||||||||||
Total | $ | 48,764 | $ | 67,152 | |||||||||||||||||||||||||
Concentrations | |||||||||||||||||||||||||||||
FHN has a concentration of loans secured by residential real estate (40 percent of total loans), the majority of which is in the consumer real estate portfolio (35 percent of total loans). Loans to finance and insurance companies total $1.6 billion (21 percent of the C&I portfolio, or 10 percent of the total loans). FHN had loans to mortgage companies totaling $0.7 billion (9 percent of the C&I portfolio, or 5 percent of total loans) as of September 30, 2013. As a result, 30 percent of the C&I category was sensitive to impacts on the financial services industry. | |||||||||||||||||||||||||||||
Regulatory Focus on Consumer Loan Accounting and Reporting | |||||||||||||||||||||||||||||
In first quarter 2012, the Office of the Comptroller of Currency ("OCC") issued interagency guidance related to ALLL estimation and nonaccrual practices, and risk management policies for junior lien loans. As a result, FHN modified its nonaccrual policies in first quarter 2012, to place current second liens on nonaccrual if the first lien is owned or serviced by FHN and is 90 or more days past due. For non FHN-serviced first liens, in second quarter 2013, FHN received information from a third party vendor regarding the performance status of those first liens and placed stand-alone second liens on nonaccrual if the first lien was 90 days or more past due or had been modified. Because probable incurred losses had been contemplated in the allowance for loan loss estimate in prior quarters, this new information did not result in a significant increase in the ALLL. | |||||||||||||||||||||||||||||
In third quarter 2012, the OCC clarified that residential real estate loans in which personal liability has been discharged through Chapter 7 bankruptcy and not reaffirmed by the borrower are collateral dependent and should be reported as nonaccruing troubled debt restructuring ("TDR"). As a result, FHN charged-down such loans to the net realizable value of the collateral and the remaining balances were reported as nonaccruing TDRs regardless of the loan's delinquency status. With the implementation of this guidance, provision expense increased by approximately $30 million and net charge-offs increased by $40.0 million in third quarter 2012. | |||||||||||||||||||||||||||||
Because of the composition of FHN's residential real estate portfolios, these changes most significantly impacted the consumer real estate portfolio segment. The level of nonperforming loans and TDRs in the consumer real estate and permanent mortgage portfolios was affected by the regulatory actions discussed above. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
The ALLL includes the following components: reserves for commercial loans evaluated based on pools of credit graded loans and reserves for pools of smaller-balance homogeneous retail loans, both determined in accordance with ASC 450-20-50. The reserve factors applied to these pools are an estimate of probable incurred losses based on management's evaluation of historical net losses from loans with similar characteristics and are subject to qualitative adjustments by management to reflect current events, trends, and conditions (including economic considerations and trends). The slow economic recovery, performance of the housing market, unemployment levels, the regulatory environment, regulatory guidance, and both positive and negative portfolio segment-specific trends, are examples of additional factors considered by management in determining the ALLL. The ALLL also includes reserves determined in accordance with ASC 310-10-35 for loans determined by management to be individually impaired. | |||||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
For commercial loans, reserves are established using historical net loss factors by grade level, loan product, and business segment. An assessment of the quality of individual commercial loans is made utilizing credit grades assigned internally based on a dual grading system which estimates both the probability of default (“PD”) and loss severity in the event of default. PD grades range from 1-16 while estimated loss severities, or loss given default (“LGD”) grades, range from 1-12. This credit grading system is intended to identify and measure the credit quality of the loan portfolio by analyzing the migration of loans between grading categories. It is also integral to the estimation methodology utilized in determining the allowance for loan losses since an allowance is established for pools of commercial loans based on the credit grade assigned. The appropriate relationship team performs the process of categorizing commercial loans into the appropriate credit grades, initially as a component of the approval of the loan, and subsequently throughout the life of the loan as part of the servicing regimen. The proper loan grade for larger exposures is confirmed by a senior credit officer in the approval process. To determine the most appropriate credit grade for each loan, the credit risk grading system employs scorecards for particular categories of loans that consist of a number of objective and subjective measures that are weighted in a manner that produces a rank ordering of risk within pass-graded credits. Loan grading discipline is regularly reviewed by Credit Risk Assurance to determine if the process continues to result in accurate loan grading across the portfolio. FHN may utilize availability of guarantors/sponsors to support lending decisions during the credit underwriting process and when determining the assignment of internal loan grades. | |||||||||||||||||||||||||||||
Retail | |||||||||||||||||||||||||||||
The ALLL for smaller-balance homogenous retail loans is determined based on pools of similar loan types that have similar credit risk characteristics. FHN manages retail loan credit risk on a class basis. Reserves by portfolio are determined using segmented roll-rate models that incorporate various factors including historical delinquency trends, experienced loss frequencies, and experienced loss severities. Generally, reserves for retail loans reflect inherent losses in the portfolio that are expected to be recognized over the following twelve months. | |||||||||||||||||||||||||||||
Individually Impaired | |||||||||||||||||||||||||||||
Generally, classified nonaccrual commercial loans over $1 million and all commercial and consumer loans classified as TDRs are deemed to be impaired and are individually assessed for impairment measurement in accordance with ASC 310-10-35. PCI loans are not considered impaired loans unless there are declines in fair value in reporting periods subsequent to the acquisition date. For all commercial portfolio segments, commercial TDRs and other individually impaired commercial loans are measured based on the present value of expected future payments discounted at the loan's effective interest rate (“the DCF method”), observable market prices, or for loans that are solely dependent on the collateral for repayment, the net realizable value. For loans measured using the DCF method or by observable market prices, if the recorded investment in the impaired loan exceeds this amount, a specific allowance is established as a component of the ALLL until such time as a loss is expected and recognized; for impaired collateral-dependent loans, FHN will charge off the full difference between the book value and the best estimate of net realizable value. | |||||||||||||||||||||||||||||
Generally, the allowance for TDRs in all consumer portfolio segments is determined by estimating the expected future cash flows using the modified interest rate (if an interest rate concession), incorporating payoff and net charge-off rates specific to the TDRs within the portfolio segment being assessed, and discounted using the pre-modification interest rate. The discount rates of variable rate TDRs are adjusted to reflect changes in the interest rate index in which the rates are tied. The discounted cash flows are then compared to the outstanding principal balance in order to determine required reserves. Residential real estate loans discharged through bankruptcy are collateral-dependent and are charged down to net realizable value. | |||||||||||||||||||||||||||||
The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
Commercial | Consumer | Permanent | Credit Card | ||||||||||||||||||||||||||
(Dollars in thousands) | C&I | Real Estate | Real Estate | Mortgage | and Other | Total | |||||||||||||||||||||||
Balance as of July 1, 2012 | $ | 110,645 | $ | 41,546 | $ | 133,421 | $ | 29,112 | $ | 6,327 | $ | 321,051 | |||||||||||||||||
Charge-offs | -7,077 | -4,446 | -69,351 | -2,889 | -3,259 | -87,022 | |||||||||||||||||||||||
Recoveries | 1,892 | 1,240 | 2,941 | 734 | 908 | 7,715 | |||||||||||||||||||||||
Provision | 1,081 | -10,991 | 48,938 | -1,400 | 2,372 | 40,000 | |||||||||||||||||||||||
Balance as of September 30, 2012 | 106,541 | 27,349 | 115,949 | 25,557 | 6,348 | 281,744 | |||||||||||||||||||||||
Balance as of January 1, 2012 | 130,413 | 55,586 | 165,077 | 26,194 | 7,081 | 384,351 | |||||||||||||||||||||||
Charge-offs | -23,310 | -18,070 | -132,618 | -10,597 | -9,238 | -193,833 | |||||||||||||||||||||||
Recoveries | 8,568 | 2,779 | 12,255 | 1,905 | 2,719 | 28,226 | |||||||||||||||||||||||
Provision | -9,130 | -12,946 | 71,235 | 8,055 | 5,786 | 63,000 | |||||||||||||||||||||||
Balance as of September 30, 2012 | 106,541 | 27,349 | 115,949 | 25,557 | 6,348 | 281,744 | |||||||||||||||||||||||
Allowance - individually evaluated for impairment | 28,672 | 183 | 31,629 | 20,988 | 237 | 81,709 | |||||||||||||||||||||||
Allowance - collectively evaluated for impairment | 77,869 | 27,166 | 84,320 | 4,569 | 6,111 | 200,035 | |||||||||||||||||||||||
Loans, net of unearned as of September 30, 2012: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | 153,480 | 66,357 | 145,481 | 129,101 | 913 | 495,332 | |||||||||||||||||||||||
Collectively evaluated for impairment | 8,312,970 | 1,163,498 | 5,590,423 | 676,410 | 285,150 | 16,028,451 | |||||||||||||||||||||||
Total loans, net of unearned | 8,466,450 | 1,229,855 | 5,735,904 | 805,511 | 286,063 | 16,523,783 | |||||||||||||||||||||||
Balance as of July 1, 2013 | 93,502 | 13,931 | 120,848 | 27,103 | 6,550 | 261,934 | |||||||||||||||||||||||
Charge-offs | -4,869 | -515 | -16,412 | -1,366 | -2,884 | -26,046 | |||||||||||||||||||||||
Recoveries | 3,242 | 587 | 4,398 | 841 | 754 | 9,822 | |||||||||||||||||||||||
Provision | -495 | -3,010 | 11,992 | -1,022 | 2,535 | 10,000 | |||||||||||||||||||||||
Balance as of September 30, 2013 | 91,380 | 10,993 | 120,826 | 25,556 | 6,955 | 255,710 | |||||||||||||||||||||||
Balance as of January 1, 2013 | 96,191 | 19,997 | 128,949 | 24,928 | 6,898 | 276,963 | |||||||||||||||||||||||
Charge-offs | -16,201 | -2,612 | -58,792 | -6,577 | -8,236 | -92,418 | |||||||||||||||||||||||
Recoveries | 9,839 | 2,703 | 14,932 | 1,609 | 2,082 | 31,165 | |||||||||||||||||||||||
Provision | 1,551 | -9,095 | 35,737 | 5,596 | 6,211 | 40,000 | |||||||||||||||||||||||
Balance as of September 30, 2013 | 91,380 | 10,993 | 120,826 | 25,556 | 6,955 | 255,710 | |||||||||||||||||||||||
Allowance - individually evaluated for impairment | 15,702 | 1,581 | 38,426 | 18,646 | 212 | 74,567 | |||||||||||||||||||||||
Allowance - collectively evaluated for impairment | 75,678 | 9,412 | 82,400 | 6,910 | 6,743 | 181,143 | |||||||||||||||||||||||
Loans, net of unearned as of September 30, 2013: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | 102,729 | 30,266 | 170,401 | 144,036 | 648 | 448,080 | |||||||||||||||||||||||
Collectively evaluated for impairment | 7,641,803 | 1,098,002 | 5,286,752 | 553,658 | 331,497 | 14,911,712 | |||||||||||||||||||||||
Purchased credit impaired loans | 2,410 | 45,443 | 894 | - | 17 | 48,764 | |||||||||||||||||||||||
Total loans, net of unearned | $ | 7,746,942 | $ | 1,173,711 | $ | 5,458,047 | $ | 697,694 | $ | 332,162 | $ | 15,408,556 | |||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
The following tables provide information at September 30, 2013 and 2012, 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. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
At September 30, 2013 | 30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
Unpaid | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | Recorded | Income | |||||||||||||||||||||||
(Dollars in thousands) | Investment | Balance | Allowance | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||
Impaired loans with no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 34,193 | $ | 43,677 | $ | - | $ | 40,812 | $ | - | $ | 51,845 | $ | 108 | |||||||||||||||
TRUPs | 6,500 | 6,500 | - | 6,500 | - | 10,583 | - | ||||||||||||||||||||||
Income CRE | 12,939 | 24,219 | - | 17,959 | - | 24,828 | 168 | ||||||||||||||||||||||
Residential CRE | 0 | 182 | - | 5,483 | - | 10,860 | 122 | ||||||||||||||||||||||
Total | $ | 53,632 | $ | 74,578 | $ | - | $ | 70,754 | $ | - | $ | 98,116 | $ | 398 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC (a) | $ | 18,323 | $ | 40,867 | $ | - | $ | 19,016 | $ | - | $ | 20,032 | $ | - | |||||||||||||||
R/E installment loans (a) | 11,632 | 15,102 | - | 11,913 | - | 12,166 | - | ||||||||||||||||||||||
Permanent mortgage (a) | 14,531 | 14,531 | - | 14,663 | - | 14,168 | - | ||||||||||||||||||||||
Total | $ | 44,486 | $ | 70,500 | $ | - | $ | 45,592 | $ | - | $ | 46,366 | $ | - | |||||||||||||||
Impaired loans with related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 31,672 | $ | 38,075 | $ | 2,447 | $ | 27,944 | $ | 71 | $ | 16,319 | $ | 108 | |||||||||||||||
TRUPs | 33,610 | 33,610 | 13,255 | 38,655 | - | 39,185 | - | ||||||||||||||||||||||
Income CRE | 10,274 | 11,330 | 765 | 7,552 | 70 | 3,859 | 96 | ||||||||||||||||||||||
Residential CRE | 7,053 | 12,383 | 816 | 4,567 | 68 | 1,869 | 84 | ||||||||||||||||||||||
Total | $ | 82,609 | $ | 95,398 | $ | 17,283 | $ | 78,718 | $ | 209 | $ | 61,232 | $ | 288 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC | $ | 68,903 | $ | 71,708 | $ | 15,702 | $ | 68,287 | $ | 483 | $ | 65,005 | $ | 1,373 | |||||||||||||||
R/E installment loans | 71,543 | 72,686 | 22,724 | 75,084 | 336 | 72,571 | 1,025 | ||||||||||||||||||||||
Permanent mortgage | 129,505 | 129,702 | 18,646 | 127,187 | 776 | 124,421 | 2,164 | ||||||||||||||||||||||
Credit card & other | 648 | 648 | 212 | 682 | 7 | 732 | 23 | ||||||||||||||||||||||
Total | $ | 270,599 | $ | 274,744 | $ | 57,284 | $ | 271,240 | $ | 1,602 | $ | 262,729 | $ | 4,585 | |||||||||||||||
Total commercial | $ | 136,241 | $ | 169,976 | $ | 17,283 | $ | 149,472 | $ | 209 | $ | 159,348 | $ | 686 | |||||||||||||||
Total retail | $ | 315,085 | $ | 345,244 | $ | 57,284 | $ | 316,832 | $ | 1,602 | $ | 309,095 | $ | 4,585 | |||||||||||||||
Total impaired loans | $ | 451,326 | $ | 515,220 | $ | 74,567 | $ | 466,304 | $ | 1,811 | $ | 468,443 | $ | 5,271 | |||||||||||||||
All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | 30-Sep-12 | |||||||||||||||||||||||||||
Unpaid | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | Recorded | Income | |||||||||||||||||||||||
(Dollars in thousands) | Investment | Balance | Allowance | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||
Impaired loans with no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 59,215 | $ | 75,587 | $ | - | $ | 60,669 | $ | 142 | $ | 67,098 | $ | 549 | |||||||||||||||
TRUPs | 45,892 | 45,892 | - | 46,446 | - | 46,446 | - | ||||||||||||||||||||||
Income CRE | 44,956 | 69,684 | - | 48,166 | 96 | 56,305 | 249 | ||||||||||||||||||||||
Residential CRE | 19,993 | 36,108 | - | 21,167 | 70 | 22,142 | 204 | ||||||||||||||||||||||
Total | $ | 170,056 | $ | 227,271 | $ | - | $ | 176,448 | $ | 308 | $ | 191,991 | $ | 1,002 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC (a) | $ | 13,086 | $ | 40,222 | $ | - | $ | 142 | $ | - | $ | 48 | $ | - | |||||||||||||||
R/E installment loans (a) | 8,696 | 24,263 | - | 95 | - | 32 | - | ||||||||||||||||||||||
Permanent mortgage (a) | 13,282 | 17,040 | - | 144 | - | 48 | - | ||||||||||||||||||||||
Total | $ | 35,064 | $ | 81,525 | $ | - | $ | 381 | $ | - | $ | 128 | $ | - | |||||||||||||||
Impaired loans with related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 20,580 | $ | 22,374 | $ | 7,351 | $ | 19,764 | $ | 33 | $ | 17,512 | $ | 100 | |||||||||||||||
TRUPs | 33,700 | 33,700 | 21,321 | 33,700 | - | 33,700 | - | ||||||||||||||||||||||
Income CRE | 1,408 | 1,408 | 183 | 1,469 | 14 | 1,815 | 43 | ||||||||||||||||||||||
Residential CRE | - | - | - | 8,700 | - | 10,577 | - | ||||||||||||||||||||||
Total | $ | 55,688 | $ | 57,482 | $ | 28,855 | $ | 63,633 | $ | 47 | $ | 63,604 | $ | 143 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC | $ | 57,020 | $ | 57,422 | $ | 12,980 | $ | 57,097 | $ | 389 | $ | 53,469 | $ | 1,173 | |||||||||||||||
R/E installment loans | 66,679 | 67,053 | 18,649 | 67,272 | 294 | 68,444 | 835 | ||||||||||||||||||||||
Permanent mortgage | 115,819 | 115,880 | 20,988 | 117,679 | 714 | 94,442 | 2,104 | ||||||||||||||||||||||
Credit card & other | 913 | 913 | 237 | 923 | 2 | 1,015 | 23 | ||||||||||||||||||||||
Total | $ | 240,431 | $ | 241,268 | $ | 52,854 | $ | 242,971 | $ | 1,399 | $ | 217,370 | $ | 4,135 | |||||||||||||||
Total commercial | $ | 225,744 | $ | 284,753 | $ | 28,855 | $ | 240,081 | $ | 355 | $ | 255,595 | $ | 1,145 | |||||||||||||||
Total retail | $ | 275,495 | $ | 322,793 | $ | 52,854 | $ | 243,352 | $ | 1,399 | $ | 217,498 | $ | 4,135 | |||||||||||||||
Total impaired loans | $ | 501,239 | $ | 607,546 | $ | 81,709 | $ | 483,433 | $ | 1,754 | $ | 473,093 | $ | 5,280 | |||||||||||||||
All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance. | |||||||||||||||||||||||||||||
Asset Quality Indicators | |||||||||||||||||||||||||||||
As previously discussed, FHN employs a dual grade commercial risk grading methodology to assign an estimate for PD and the LGD for each commercial loan using factors specific to various industry, portfolio, or product segments that result in a rank ordering of risk and the assignment of grades PD 1 to PD 16. Each PD grade corresponds to an estimated one-year default probability percentage; a PD 1 has the lowest expected default probability, and probabilities increase as grades progress down the scale. PD 1 through PD 12 are “pass” grades. PD grades 13-16 correspond to the regulatory-defined categories of special mention (13), substandard (14), doubtful (15), and loss (16). Pass loan grades are required to be reassessed annually or earlier whenever there has been a material change in the financial condition of the borrower or risk characteristics of the relationship. All commercial loans over $1 million and certain commercial loans over $500,000 that are graded 13 or worse are reassessed on a quarterly basis. LGD grades are assigned based on a scale of 1-12 and represent FHN's expected recovery based on collateral type in the event a loan defaults. | |||||||||||||||||||||||||||||
The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Loans to | Allowance | ||||||||||||||||||||||||||||
General | Mortgage | Income | Residential | Percentage | for Loan | ||||||||||||||||||||||||
(Dollars in thousands) | C&I | Companies | TRUPS (a) | CRE | CRE | Total | of Total | Losses | |||||||||||||||||||||
PD Grade: | |||||||||||||||||||||||||||||
1 | $ | 228,555 | $ | - | $ | - | $ | - | $ | - | $ | 228,555 | 3 | % | $ | 81 | |||||||||||||
2 | 179,955 | - | - | - | - | 179,955 | 2 | 79 | |||||||||||||||||||||
3 | 194,880 | - | - | 2,687 | - | 197,567 | 2 | 224 | |||||||||||||||||||||
4 | 311,097 | - | - | - | - | 311,097 | 4 | 517 | |||||||||||||||||||||
5 | 790,748 | - | - | 11,823 | 216 | 802,787 | 9 | 1,363 | |||||||||||||||||||||
6 | 938,609 | 40,200 | - | 44,311 | 286 | 1,023,406 | 12 | 1,973 | |||||||||||||||||||||
7 | 1,125,031 | 202,128 | - | 228,814 | 9,978 | 1,565,951 | 17 | 3,377 | |||||||||||||||||||||
8 | 881,668 | 308,282 | - | 202,417 | 5,058 | 1,397,425 | 16 | 4,895 | |||||||||||||||||||||
9 | 615,180 | 152,275 | - | 203,308 | 1,499 | 972,262 | 11 | 7,981 | |||||||||||||||||||||
10 | 451,318 | 29,008 | - | 139,026 | 1,066 | 620,418 | 7 | 8,640 | |||||||||||||||||||||
11 | 399,082 | 473 | - | 69,945 | 277 | 469,777 | 5 | 10,338 | |||||||||||||||||||||
12 | 124,916 | - | - | 57,534 | 1,224 | 183,674 | 2 | 2,425 | |||||||||||||||||||||
13 | 159,675 | - | 332,707 | 33,439 | 1,324 | 527,145 | 6 | 8,596 | |||||||||||||||||||||
14,15,16 | 172,346 | 335 | 3,335 | 73,737 | 10,033 | 259,786 | 3 | 34,601 | |||||||||||||||||||||
Collectively evaluated for impairment | 6,573,060 | 732,701 | 336,042 | 1,067,041 | 30,961 | 8,739,805 | 99 | 85,090 | |||||||||||||||||||||
Individually evaluated for impairment | 65,865 | - | 36,864 | 23,213 | 7,053 | 132,995 | 1 | 17,283 | |||||||||||||||||||||
Total commercial loans | $ | 6,638,925 | $ | 732,701 | $ | 372,906 | $ | 1,090,254 | $ | 38,014 | $ | 8,872,800 | (b) | 100 | % | $ | 102,373 | ||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Loans to | Allowance | ||||||||||||||||||||||||||||
General | Mortgage | Income | Residential | Percent of | for Loan | ||||||||||||||||||||||||
(Dollars in thousands) | C&I | Companies | TRUPS (a) | CRE | CRE | Total | Total | Losses | |||||||||||||||||||||
PD Grade: | |||||||||||||||||||||||||||||
1 | $ | 213,872 | $ | - | $ | - | $ | - | $ | - | $ | 213,872 | 2 | % | $ | 54 | |||||||||||||
2 | 183,044 | - | - | 2,557 | - | 185,601 | 2 | 93 | |||||||||||||||||||||
3 | 129,183 | - | - | 8,210 | - | 137,393 | 1 | 79 | |||||||||||||||||||||
4 | 255,875 | - | - | 5,660 | 26 | 261,561 | 3 | 226 | |||||||||||||||||||||
5 | 500,389 | - | - | 28,115 | 117 | 528,621 | 6 | 1,027 | |||||||||||||||||||||
6 | 899,007 | 129,816 | - | 166,183 | 5,024 | 1,200,030 | 12 | 3,002 | |||||||||||||||||||||
7 | 997,337 | 327,812 | - | 156,309 | 4,056 | 1,485,514 | 15 | 7,868 | |||||||||||||||||||||
8 | 936,437 | 959,623 | - | 172,200 | 515 | 2,068,775 | 21 | 12,028 | |||||||||||||||||||||
9 | 651,137 | 186,130 | - | 172,544 | 1,375 | 1,011,186 | 10 | 10,084 | |||||||||||||||||||||
10 | 508,520 | 33,302 | - | 96,892 | 1,336 | 640,050 | 7 | 8,103 | |||||||||||||||||||||
11 | 462,654 | - | - | 84,635 | 2,024 | 549,313 | 6 | 9,112 | |||||||||||||||||||||
12 | 175,688 | - | - | 11,848 | 1,278 | 188,814 | 2 | 2,709 | |||||||||||||||||||||
13 | 154,787 | - | 338,177 | 75,408 | 3,705 | 572,077 | 6 | 9,211 | |||||||||||||||||||||
14,15,16 | 270,180 | - | - | 133,941 | 29,540 | 433,661 | 5 | 41,439 | |||||||||||||||||||||
Collectively evaluated for impairment | 6,338,110 | 1,636,683 | 338,177 | 1,114,502 | 48,996 | 9,476,468 | 98 | 105,035 | |||||||||||||||||||||
Individually evaluated for impairment | 79,795 | - | 73,685 | 46,364 | 19,993 | 219,837 | 2 | 28,855 | |||||||||||||||||||||
Total commercial loans | $ | 6,417,905 | $ | 1,636,683 | $ | 411,862 | $ | 1,160,866 | $ | 68,989 | $ | 9,696,305 | 100 | % | $ | 133,890 | |||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||||||||||||
Balances as of September 30, 2013 and 2012, presented net of $29.4 million and $34.2 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". | |||||||||||||||||||||||||||||
Balance as of September 30, 2013, excludes PCI loans amounting to $47.9 million. | |||||||||||||||||||||||||||||
The retail portfolio is comprised primarily of smaller-balance loans which are very similar in nature in that most are standard products and are backed by residential real estate. Because of the similarities of retail loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the quality of consumer borrowers. FICO scores are refreshed on a quarterly basis in an attempt to reflect the recent risk profile of the borrowers. Accruing delinquency amounts are indicators of asset quality within the credit card and other retail portfolio. | |||||||||||||||||||||||||||||
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 September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
HELOC | |||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
Average | Average | Average | Average | ||||||||||||||||||||||||||
Period End | Origination | Refreshed | Period End | Origination | Refreshed | ||||||||||||||||||||||||
Origination Vintage | Balance | FICO | FICO | Balance | FICO | FICO | |||||||||||||||||||||||
pre-2003 | $ | 88,416 | 711 | 702 | $ | 135,605 | 718 | 710 | |||||||||||||||||||||
2003 | 163,576 | 728 | 714 | 235,546 | 733 | 724 | |||||||||||||||||||||||
2004 | 421,542 | 727 | 717 | 514,791 | 728 | 718 | |||||||||||||||||||||||
2005 | 548,756 | 733 | 720 | 642,027 | 734 | 719 | |||||||||||||||||||||||
2006 | 400,023 | 741 | 725 | 474,706 | 741 | 726 | |||||||||||||||||||||||
2007 | 421,964 | 744 | 728 | 498,011 | 745 | 729 | |||||||||||||||||||||||
2008 | 233,642 | 754 | 747 | 267,346 | 755 | 748 | |||||||||||||||||||||||
2009 | 121,555 | 750 | 744 | 152,687 | 753 | 748 | |||||||||||||||||||||||
2010 | 120,022 | 753 | 750 | 150,243 | 754 | 752 | |||||||||||||||||||||||
2011 | 119,553 | 758 | 754 | 146,768 | 759 | 758 | |||||||||||||||||||||||
2012 | 145,507 | 759 | 759 | 117,905 | 761 | 759 | |||||||||||||||||||||||
2013 | 111,976 | 762 | 761 | - | - | - | |||||||||||||||||||||||
Total | $ | 2,896,532 | 741 | 730 | $ | 3,335,635 | 740 | 731 | |||||||||||||||||||||
R/E Installment Loans | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
(Dollars in thousands) | Average | Average | Average | Average | |||||||||||||||||||||||||
Period End | Origination | Refreshed | Period End | Origination | Refreshed | ||||||||||||||||||||||||
Origination Vintage | Balance | FICO | FICO | Balance | FICO | FICO | |||||||||||||||||||||||
pre-2003 | $ | 26,603 | 682 | 684 | $ | 41,783 | 686 | 686 | |||||||||||||||||||||
2003 | 81,915 | 716 | 725 | 122,330 | 721 | 730 | |||||||||||||||||||||||
2004 | 58,244 | 701 | 699 | 78,439 | 707 | 706 | |||||||||||||||||||||||
2005 | 170,742 | 717 | 711 | 224,780 | 718 | 713 | |||||||||||||||||||||||
2006 | 183,847 | 716 | 701 | 244,101 | 719 | 703 | |||||||||||||||||||||||
2007 | 264,851 | 725 | 709 | 338,306 | 728 | 711 | |||||||||||||||||||||||
2008 | 91,883 | 723 | 720 | 122,014 | 728 | 720 | |||||||||||||||||||||||
2009 | 39,549 | 742 | 736 | 67,590 | 748 | 744 | |||||||||||||||||||||||
2010 | 131,004 | 747 | 754 | 163,618 | 745 | 751 | |||||||||||||||||||||||
2011 | 347,315 | 761 | 761 | 428,167 | 760 | 759 | |||||||||||||||||||||||
2012 | 707,972 | 764 | 764 | 569,141 | 765 | 761 | |||||||||||||||||||||||
2013 | 457,590 | 758 | 754 | - | - | - | |||||||||||||||||||||||
Total | $ | 2,561,515 | 746 | 742 | $ | 2,400,269 | 741 | 733 | |||||||||||||||||||||
Permanent Mortgage | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
(Dollars in thousands) | Average | Average | Average | Average | |||||||||||||||||||||||||
Period End | Origination | Refreshed | Period End | Origination | Refreshed | ||||||||||||||||||||||||
Origination Vintage | Balance | FICO | FICO | Balance | FICO | FICO | |||||||||||||||||||||||
pre-2004 | $ | 205,111 | 725 | 725 | $ | 220,499 | 726 | 729 | |||||||||||||||||||||
2004 | 24,595 | 712 | 693 | 31,422 | 715 | 692 | |||||||||||||||||||||||
2005 | 41,643 | 738 | 712 | 52,058 | 739 | 716 | |||||||||||||||||||||||
2006 | 81,932 | 731 | 711 | 94,898 | 734 | 706 | |||||||||||||||||||||||
2007 | 236,819 | 733 | 710 | 275,594 | 734 | 711 | |||||||||||||||||||||||
2008 | 107,594 | 741 | 714 | 131,040 | 742 | 712 | |||||||||||||||||||||||
Total | $ | 697,694 | 731 | 713 | $ | 805,511 | 732 | 712 | |||||||||||||||||||||
The following table reflects accruing delinquency amounts for the credit card and other portfolio classes as of September 30: | |||||||||||||||||||||||||||||
Credit Card | Other | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Accruing delinquent balances: | |||||||||||||||||||||||||||||
30-89 days past due | $ | 1,480 | $ | 1,666 | $ | 803 | $ | 594 | |||||||||||||||||||||
90+ days past due | 1,258 | 1,352 | 138 | 477 | |||||||||||||||||||||||||
Total | $ | 2,738 | $ | 3,018 | $ | 941 | $ | 1,071 | |||||||||||||||||||||
Nonaccrual and Past Due Loans | |||||||||||||||||||||||||||||
For all portfolio segments and classes, loans are placed on nonaccrual status if it becomes evident that full collection of principal and interest is at risk, impairment has been recognized as a partial charge-off of principal balance, or on a case-by-case basis if FHN continues to receive payments, but there are atypical loan structures or other borrower-specific issues. PCI loans are classified in the table below as accruing. FHN has a meaningful portion of loans that are classified as nonaccrual even though loan payments are being received; these include residential real estate loans where the borrower has been discharged of personal obligation through bankruptcy, and also current second lien loans behind first lien loans with performance issues. The determination of whether a TDR is placed on nonaccrual status generally follows the same internal policies and procedures as other portfolio loans. However, FHN will typically place a consumer real estate loan on nonaccrual status if it is 30 or more days delinquent at the time of modification and is determined to be a TDR, except for residential real estate secured loans discharged in bankruptcy (“discharged bankruptcies”) that are placed on nonaccrual regardless of delinquency status. Stand-alone second liens are placed on nonaccrual status if they are behind first liens that are 90 days or more past due or the first lien has been modified. | |||||||||||||||||||||||||||||
The following table reflects accruing and non-accruing loans by class on September 30, 2013: | |||||||||||||||||||||||||||||
Accruing | Non-Accruing | ||||||||||||||||||||||||||||
30-89 | 90+ | 30-89 | 90+ | Total | |||||||||||||||||||||||||
Days | Days | Total | Days | Days | Non- | Total | |||||||||||||||||||||||
(Dollars in thousands) | Current | Past Due | Past Due | Accruing | Current | Past Due | Past Due | Accruing | Loans | ||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | $ | 6,565,838 | $ | 7,314 | $ | 247 | $ | 6,573,399 | $ | 33,582 | $ | 3,610 | $ | 28,334 | $ | 65,526 | $ | 6,638,925 | |||||||||||
Loans to mortgage companies | 731,684 | 682 | - | 732,366 | - | - | 335 | 335 | 732,701 | ||||||||||||||||||||
TRUPs (a) | 336,042 | - | - | 336,042 | - | - | 36,864 | 36,864 | 372,906 | ||||||||||||||||||||
Purchased credit impaired loans | 1,942 | 468 | - | 2,410 | - | - | - | - | 2,410 | ||||||||||||||||||||
Total commercial (C&I) | 7,635,506 | 8,464 | 247 | 7,644,217 | 33,582 | 3,610 | 65,533 | 102,725 | 7,746,942 | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 1,063,940 | 5,438 | 283 | 1,069,661 | 6,791 | - | 13,802 | 20,593 | 1,090,254 | ||||||||||||||||||||
Residential CRE | 33,442 | 177 | - | 33,619 | 285 | - | 4,110 | 4,395 | 38,014 | ||||||||||||||||||||
Purchased credit impaired loans | 44,241 | 637 | 565 | 45,443 | - | - | - | - | 45,443 | ||||||||||||||||||||
Total commercial real estate | 1,141,623 | 6,252 | 848 | 1,148,723 | 7,076 | - | 17,912 | 24,988 | 1,173,711 | ||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 2,778,336 | 24,072 | 12,641 | 2,815,049 | 61,733 | 5,521 | 14,229 | 81,483 | 2,896,532 | ||||||||||||||||||||
R/E installment loans | 2,499,516 | 14,156 | 6,475 | 2,520,147 | 29,549 | 3,048 | 7,877 | 40,474 | 2,560,621 | ||||||||||||||||||||
Purchased credit impaired loans | 894 | - | - | 894 | - | - | - | - | 894 | ||||||||||||||||||||
Total consumer real estate | 5,278,746 | 38,228 | 19,116 | 5,336,090 | 91,282 | 8,569 | 22,106 | 121,957 | 5,458,047 | ||||||||||||||||||||
Permanent mortgage | 643,385 | 5,097 | 12,239 | 660,721 | 13,518 | 1,321 | 22,134 | 36,973 | 697,694 | ||||||||||||||||||||
Credit card & other | |||||||||||||||||||||||||||||
Credit card | 186,749 | 1,480 | 1,258 | 189,487 | - | - | - | - | 189,487 | ||||||||||||||||||||
Other | 140,318 | 803 | 138 | 141,259 | 1,399 | - | - | 1,399 | 142,658 | ||||||||||||||||||||
Purchased credit impaired loans | 17 | - | - | 17 | - | - | - | - | 17 | ||||||||||||||||||||
Total credit card & other | 327,084 | 2,283 | 1,396 | 330,763 | 1,399 | - | - | 1,399 | 332,162 | ||||||||||||||||||||
Total loans, net of unearned | $ | 15,026,344 | $ | 60,324 | $ | 33,846 | $ | 15,120,514 | $ | 146,857 | $ | 13,500 | $ | 127,685 | $ | 288,042 | $ | 15,408,556 | |||||||||||
Total TRUPs includes LOCOM valuation allowance of $29.4 million. | |||||||||||||||||||||||||||||
The following table reflects accruing and non-accruing loans by class on September 30, 2012: | |||||||||||||||||||||||||||||
Accruing | Non-Accruing | ||||||||||||||||||||||||||||
30-89 | 90+ | 30-89 | 90+ | Total | |||||||||||||||||||||||||
Days | Days | Total | Days | Days | Non- | Total | |||||||||||||||||||||||
(Dollars in thousands) | Current | Past Due | Past Due | Accruing | Current | Past Due | Past Due | Accruing | Loans | ||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | $ | 6,315,340 | $ | 25,221 | $ | 428 | $ | 6,340,989 | $ | 36,480 | $ | 9,734 | $ | 30,702 | $ | 76,916 | $ | 6,417,905 | |||||||||||
Loans to mortgage companies | 1,636,683 | - | - | 1,636,683 | - | - | - | - | 1,636,683 | ||||||||||||||||||||
TRUPs (a) | 338,177 | - | - | 338,177 | - | - | 73,685 | 73,685 | 411,862 | ||||||||||||||||||||
Total commercial (C&I) | 8,290,200 | 25,221 | 428 | 8,315,849 | 36,480 | 9,734 | 104,387 | 150,601 | 8,466,450 | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 1,111,616 | 2,393 | - | 1,114,009 | 10,552 | 3,689 | 32,616 | 46,857 | 1,160,866 | ||||||||||||||||||||
Residential CRE | 51,288 | 823 | - | 52,111 | 1,654 | 126 | 15,098 | 16,878 | 68,989 | ||||||||||||||||||||
Total commercial real estate | 1,162,904 | 3,216 | - | 1,166,120 | 12,206 | 3,815 | 47,714 | 63,735 | 1,229,855 | ||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 3,246,585 | 36,223 | 18,774 | 3,301,582 | 20,990 | 1,195 | 11,868 | 34,053 | 3,335,635 | ||||||||||||||||||||
R/E installment loans | 2,350,465 | 18,332 | 10,185 | 2,378,982 | 12,954 | 2,470 | 5,863 | 21,287 | 2,400,269 | ||||||||||||||||||||
Total consumer real estate | 5,597,050 | 54,555 | 28,959 | 5,680,564 | 33,944 | 3,665 | 17,731 | 55,340 | 5,735,904 | ||||||||||||||||||||
Permanent mortgage | 748,470 | 15,241 | 7,774 | 771,485 | 18,165 | 2,095 | 13,766 | 34,026 | 805,511 | ||||||||||||||||||||
Credit card & other | |||||||||||||||||||||||||||||
Credit card | 183,893 | 1,666 | 1,352 | 186,911 | - | - | - | - | 186,911 | ||||||||||||||||||||
Other | 96,245 | 594 | 477 | 97,316 | 1,835 | 1 | - | 1,836 | 99,152 | ||||||||||||||||||||
Total credit card & other | 280,138 | 2,260 | 1,829 | 284,227 | 1,835 | 1 | - | 1,836 | 286,063 | ||||||||||||||||||||
Total loans, net of unearned | $ | 16,078,762 | $ | 100,493 | $ | 38,990 | $ | 16,218,245 | $ | 102,630 | $ | 19,310 | $ | 183,598 | $ | 305,538 | $ | 16,523,783 | |||||||||||
Total TRUPs includes LOCOM valuation allowance of $34.2 million. | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
As part of FHN's ongoing risk management practices, FHN attempts to work with borrowers when necessary to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. FHN considers regulatory guidelines when restructuring loans to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower's current and prospective ability to comply with the modified terms of the loan. | |||||||||||||||||||||||||||||
A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that FHN has granted a concession to the borrower. FHN may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future. Many aspects of a borrower's financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of loan structures, business/industry risk, and borrower/guarantor structures. Concessions could include reductions of interest rates, extension of the maturity date at a rate lower than current market rate for a new loan with similar risk, reduction of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, FHN also considers whether the borrower has provided additional collateral or guarantors and whether such additions adequately compensate FHN for the restructured terms. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management's judgment is required when determining whether a modification is classified as a TDR. | |||||||||||||||||||||||||||||
For all classes within the commercial portfolio segment, TDRs are typically modified through forbearance agreements (generally 6 to 12 months). Forbearance agreements could include reduced interest rates, reduced payments, release of guarantor in exchange for payment, or entering into short sale agreements. FHN's proprietary modification programs for consumer loans are generally structured using parameters of U.S. government-sponsored programs such as Home Affordable Modification Program (“HAMP”). Within the HELOC and R/E installment loans classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years the interest rate steps up 1 percent every year thereafter until it reaches the Federal Home Loan Mortgage Corporation ("Freddie Mac," "Freddie," or "FHLMC") Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance. | |||||||||||||||||||||||||||||
On September 30, 2013 and 2012, FHN had $385.3 million and $371.4 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $61.3 million and $60.0 million, or 16 percent as of September 30, 2013 and 2012. Additionally, FHN had restructured $193.0 million and $171.9 million of loans held-for-sale as of September 30, 2013 and 2012, respectively. Loans held-for-sale are presented at UPB before fair value adjustments and do not carry reserves. | |||||||||||||||||||||||||||||
The following tables reflect portfolio loans (excluding acquired loans) that were classified as TDRs during the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||
(Dollars in thousands) | Number | Recorded Investment | Recorded Investment | Number | Recorded Investment | Recorded Investment | |||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 2 | $ | 1,161 | $ | 1,134 | 10 | $ | 17,350 | $ | 17,313 | |||||||||||||||||||
Total commercial (C&I) | 2 | 1,161 | 1,134 | 10 | 17,350 | 17,313 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | - | - | - | 1 | 288 | 288 | |||||||||||||||||||||||
Residential CRE | - | - | - | - | - | - | |||||||||||||||||||||||
Total commercial real estate | - | - | - | 1 | 288 | 288 | |||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 72 | 5,212 | 5,194 | 279 | 21,729 | 21,479 | |||||||||||||||||||||||
R/E installment loans | 70 | 4,589 | 4,541 | 346 | 24,264 | 24,100 | |||||||||||||||||||||||
Total consumer real estate | 142 | 9,801 | 9,735 | 625 | 45,993 | 45,579 | |||||||||||||||||||||||
Permanent mortgage | 15 | 3,864 | 4,074 | 41 | 16,907 | 17,311 | |||||||||||||||||||||||
Credit card & other | 13 | 44 | 39 | 41 | 198 | 187 | |||||||||||||||||||||||
Total troubled debt restructurings | 172 | $ | 14,870 | $ | 14,982 | 718 | $ | 80,736 | $ | 80,678 | |||||||||||||||||||
Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||
(Dollars in thousands) | Number | Recorded Investment | Recorded Investment | Number | Recorded Investment | Recorded Investment | |||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 8 | $ | 4,285 | $ | 4,244 | 19 | $ | 22,406 | $ | 22,264 | |||||||||||||||||||
Total commercial (C&I) | 8 | 4,285 | 4,244 | 19 | 22,406 | 22,264 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 3 | 4,538 | 4,144 | 9 | 13,045 | 12,502 | |||||||||||||||||||||||
Residential CRE | - | - | - | 2 | 88 | 87 | |||||||||||||||||||||||
Total commercial real estate | 3 | 4,538 | 4,144 | 11 | 13,133 | 12,589 | |||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 737 | 17,087 | 16,916 | 831 | 27,730 | 27,511 | |||||||||||||||||||||||
R/E installment loans | 567 | 13,604 | 13,445 | 677 | 26,782 | 25,710 | |||||||||||||||||||||||
Total consumer real estate | 1,304 | 30,691 | 30,361 | 1,508 | 54,512 | 53,221 | |||||||||||||||||||||||
Permanent mortgage | 61 | 16,641 | 16,648 | 123 | 66,308 | 66,710 | |||||||||||||||||||||||
Credit card & other | 26 | 101 | 97 | 188 | 1,063 | 1,025 | |||||||||||||||||||||||
Total troubled debt restructurings | 1,402 | $ | 56,256 | $ | 55,494 | 1,849 | $ | 157,422 | $ | 155,809 | |||||||||||||||||||
The following table presents TDRs which were re-defaulted during the three and nine months ended September 30, 2013 and 2012, 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 were in default 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 a loan being 30 plus days past due. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Investment | Number | Investment | |||||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 6 | $ | 1,870 | 8 | $ | 5,977 | |||||||||||||||||||||||
Total commercial (C&I) | 6 | 1,870 | 8 | 5,977 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 3 | 750 | 4 | 1,548 | |||||||||||||||||||||||||
Residential CRE | - | - | 1 | 33 | |||||||||||||||||||||||||
Total commercial real estate | 3 | 750 | 5 | 1,581 | |||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 1 | 35 | 10 | 512 | |||||||||||||||||||||||||
R/E installment loans | 3 | 229 | 6 | 350 | |||||||||||||||||||||||||
Total consumer real estate | 4 | 264 | 16 | 862 | |||||||||||||||||||||||||
Permanent mortgage | 4 | 2,071 | 14 | 6,507 | |||||||||||||||||||||||||
Credit card & other | 8 | 34 | 15 | 61 | |||||||||||||||||||||||||
Total troubled debt restructurings | 25 | $ | 4,989 | 58 | $ | 14,988 | |||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Investment | Number | Investment | |||||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 9 | $ | 8,559 | 27 | $ | 21,618 | |||||||||||||||||||||||
Total commercial (C&I) | 9 | 8,559 | 27 | 21,618 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 9 | 10,396 | 19 | 18,840 | |||||||||||||||||||||||||
Residential CRE | 1 | 73 | 3 | 259 | |||||||||||||||||||||||||
Total commercial real estate | 10 | 10,469 | 22 | 19,099 | |||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 15 | 1,749 | 31 | 3,379 | |||||||||||||||||||||||||
R/E installment loans | 4 | 210 | 33 | 3,392 | |||||||||||||||||||||||||
Total consumer real estate | 19 | 1,959 | 64 | 6,771 | |||||||||||||||||||||||||
Permanent mortgage | 6 | 2,743 | 9 | 3,515 | |||||||||||||||||||||||||
Credit card & other | 4 | 17 | 19 | 69 | |||||||||||||||||||||||||
Total troubled debt restructurings | 48 | $ | 23,747 | 141 | $ | 51,072 | |||||||||||||||||||||||
The determination of whether a TDR is placed on nonaccrual status generally follows the same internal policies and procedures as other portfolio loans. However, FHN will typically place a consumer real estate loan on nonaccrual status if it is 30 or more days delinquent upon modification into a TDR. For commercial loans, nonaccrual TDRs that are reasonably assured of repayment according to their modified terms may be returned to accrual status by FHN upon a detailed credit evaluation of the borrower's financial condition and prospects for repayment under the revised terms. For consumer loans, FHN's evaluation supporting the decision to return a modified loan to accrual status includes consideration of the borrower's sustained historical repayment performance for a reasonable period prior to the date on which the loan is returned to accrual status, which is generally a minimum of six months. FHN may also consider a borrower's sustained historical repayment performance for a reasonable time prior to the restructuring in assessing whether the borrower can meet the restructured terms, as it may indicate that the borrower is capable of servicing the level of debt under the modified terms. Otherwise, FHN will continue to classify restructured loans as nonaccrual. Consistent with regulatory guidance, upon sustained performance and classification as a TDR over FHN's year-end, the loan will be removed from TDR status as long as the modified terms were market-based at the time of modification. |
Mortgage_Servicing_Rights
Mortgage Servicing Rights | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Mortgage Servicing Rights [Abstract] | ' | ||||||||||||
Mortgage Servicing Rights | ' | ||||||||||||
Note 5 – Mortgage Servicing Rights | |||||||||||||
FHN recognizes all classes of mortgage servicing rights (“MSR”) at fair value. Classes of MSR are established based on market inputs used to determine the fair value of the servicing asset and FHN's risk management practices. See Note 17 – Fair Value of Assets & Liabilities, the “Determination of Fair Value” section for a discussion of FHN's MSR valuation methodology and Note 15 – Derivatives for a discussion of how FHN hedges the fair value of MSR. The balance of MSR included on the Consolidated Condensed Statements of Condition represents the rights to service approximately $15 billion and $20 billion of mortgage loans on September 30, 2013 and 2012, respectively, for which a servicing right has been capitalized. | |||||||||||||
In third quarter 2013, FHN agreed to sell its legacy mortgage servicing. Completion of the sale is contingent upon customary closing conditions and will result in de-recognition of substantially all first lien MSR. | |||||||||||||
Following is a summary of changes in capitalized MSR as of September 30, 2013 and 2012: | |||||||||||||
(Dollars in thousands) | First Liens | Second Liens | HELOC | Total | |||||||||
Fair value on January 1, 2012 | $ | 140,724 | $ | 231 | $ | 3,114 | $ | 144,069 | |||||
Reductions due to loan payments | -18,214 | -26 | -257 | -18,497 | |||||||||
Reductions due to exercise of cleanup calls | -494 | - | - | -494 | |||||||||
Changes in fair value due to: | |||||||||||||
Changes in valuation model inputs or assumptions | -4,503 | - | - | -4,503 | |||||||||
Other changes in fair value | -73 | - | 35 | -38 | |||||||||
Fair value on September 30, 2012 | $ | 117,440 | $ | 205 | $ | 2,892 | $ | 120,537 | |||||
Fair value on January 1, 2013 | $ | 111,314 | $ | 196 | $ | 2,801 | $ | 114,311 | |||||
Reductions due to loan payments | -16,980 | -75 | -342 | -17,397 | |||||||||
Reductions due to exercise of cleanup calls | -495 | - | - | -495 | |||||||||
Changes in fair value due to: | |||||||||||||
Changes in valuation model inputs or assumptions | 20,267 | - | - | 20,267 | |||||||||
Other changes in fair value | -89 | 45 | 44 | - | |||||||||
Fair value on September 30, 2013 | $ | 114,017 | $ | 166 | $ | 2,503 | $ | 116,686 | |||||
Servicing, late, and other ancillary fees recognized within mortgage banking income were $10.9 million and $13.8 million for the three months ended September 30, 2013 and 2012, respectively, and $35.3 million and $46.0 million for the nine months ended September 30, 2013 and 2012, respectively. FHN services a portfolio of mortgage loans related to transfers by other parties utilizing securitization trusts. The servicing assets represent FHN's sole interest in these transactions. The total MSR recognized by FHN related to these transactions was $1.4 million and $1.7 million at September 30, 2013 and 2012, respectively. The aggregate principal balance serviced by FHN for these transactions was $.2 billion at September 30, 2013 and $.4 billion at September 30, 2012. FHN has no obligation to provide financial support and has not provided any form of support to the related trusts. The MSR recognized by FHN has been included in the first lien mortgage loans column within the rollforward of MSR. | |||||||||||||
In prior periods, FHN transferred MSR to third parties in transactions that did not qualify for sales treatment due to certain recourse provisions that were included within the sale agreements. On September 30, 2013 and 2012, FHN had $11.7 million and $11.6 million, respectively, of MSR related to these transactions. These MSR are included within the first liens mortgage loans column within the rollforward of MSR. The proceeds from these transfers have been recognized within Other short-term borrowings in the Consolidated Condensed Statements of Condition. |
Intangible_Assets
Intangible Assets | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Intangible Assets [Abstract] | ' | ||||||||||||||||||
Intangible Assets | ' | ||||||||||||||||||
Note 6 – Intangible Assets | |||||||||||||||||||
The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Condensed Statements of Condition: | |||||||||||||||||||
Other | |||||||||||||||||||
Intangible | |||||||||||||||||||
(Dollars in thousands) | Goodwill | Assets (a) | |||||||||||||||||
December 31, 2011 | $ | 133,659 | $ | 26,243 | |||||||||||||||
Amortization expense | - | -2,931 | |||||||||||||||||
Additions | 583 | 367 | |||||||||||||||||
September 30, 2012 | $ | 134,242 | $ | 23,679 | |||||||||||||||
December 31, 2012 | $ | 134,242 | $ | 22,700 | |||||||||||||||
Amortization expense | - | -2,784 | |||||||||||||||||
Additions | 6,237 | 2,300 | |||||||||||||||||
September 30, 2013 | $ | 140,479 | $ | 22,216 | |||||||||||||||
Represents customer lists, acquired contracts, premium on purchased deposits, and covenants not to compete. | |||||||||||||||||||
In accordance with applicable accounting guidance all measurement period adjustments related to acquisitions are presented in the quarter of purchase with revision of previously reported amounts. | |||||||||||||||||||
The gross carrying amount of other intangible assets subject to amortization is $60.1 million on September 30, 2013, net of $37.9 million of accumulated amortization. Estimated aggregate amortization expense is expected to be $1.0 million for the remainder of 2013, and $3.8 million, $3.6 million, $3.4 million, $3.2 million, and $3.1 million for the twelve-month periods of 2014, 2015, 2016, 2017, and 2018, respectively. | |||||||||||||||||||
The following is a summary of gross goodwill and accumulated impairment losses and write-offs detailed by reportable segments included in the Consolidated Condensed Statements of Condition through September 30, 2013. Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning on January 1, 2002, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. | |||||||||||||||||||
Regional | Capital | ||||||||||||||||||
(Dollars in thousands) | Non-Strategic | Banking | Markets | Total | |||||||||||||||
Gross goodwill | $ | 199,995 | $ | 36,238 | $ | 97,421 | $ | 333,654 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
31-Dec-11 | $ | - | $ | 36,238 | $ | 97,421 | $ | 133,659 | |||||||||||
Additions | - | - | 583 | 583 | |||||||||||||||
Impairments | - | - | - | - | |||||||||||||||
Divestitures | - | - | - | - | |||||||||||||||
Net change in goodwill during 2012 | - | - | 583 | 583 | |||||||||||||||
Gross goodwill | $ | 199,995 | $ | 36,238 | $ | 98,004 | $ | 334,237 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
30-Sep-12 | $ | - | $ | 36,238 | $ | 98,004 | $ | 134,242 | |||||||||||
Gross goodwill | $ | 199,995 | $ | 36,238 | $ | 98,004 | $ | 334,237 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
31-Dec-12 | $ | - | $ | 36,238 | $ | 98,004 | $ | 134,242 | |||||||||||
Additions | - | 6,237 | - | 6,237 | |||||||||||||||
Impairments | - | - | - | - | |||||||||||||||
Divestitures | - | - | - | - | |||||||||||||||
Net change in goodwill during 2013 | - | 6,237 | - | 6,237 | |||||||||||||||
Gross goodwill | $ | 199,995 | $ | 42,475 | $ | 98,004 | $ | 340,474 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
30-Sep-13 | $ | - | $ | 42,475 | $ | 98,004 | $ | 140,479 |
Other_Income_And_Other_Expense
Other Income And Other Expense | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Other Income And Other Expense [Abstract] | ' | ||||||||||||
Other Income And Other Expense | ' | ||||||||||||
Note 7 – Other Income and Other Expense | |||||||||||||
Following is detail of All other income and commissions and All other expense as presented in the Consolidated Condensed Statements of Income: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
All other income and commissions: | |||||||||||||
Bankcard income | $ | 5,303 | $ | 5,298 | $ | 15,484 | $ | 16,618 | |||||
Other service charges | 3,707 | 3,263 | 10,296 | 9,768 | |||||||||
Bank-owned life insurance | 3,560 | 4,293 | 12,978 | 13,724 | |||||||||
ATM interchange fees | 2,680 | 2,579 | 7,691 | 7,804 | |||||||||
Deferred compensation (a) | 2,160 | 1,966 | 3,475 | 4,065 | |||||||||
Electronic banking fees | 1,607 | 1,589 | 4,754 | 4,927 | |||||||||
Letter of credit fees | 1,171 | 1,072 | 3,866 | 3,966 | |||||||||
Other | 3,996 | 6,280 | 11,230 | 16,535 | |||||||||
Total | $ | 24,184 | $ | 26,340 | $ | 69,774 | $ | 77,407 | |||||
All other expense: | |||||||||||||
Advertising and public relations | $ | 5,486 | $ | 4,121 | $ | 13,554 | $ | 11,524 | |||||
Other insurance and taxes | 3,215 | 1,327 | 9,337 | 7,656 | |||||||||
Tax credit investments | 3,079 | 5,635 | 9,040 | 14,457 | |||||||||
Travel and entertainment | 2,400 | 2,009 | 6,620 | 6,308 | |||||||||
Employee training and dues | 1,244 | 1,032 | 3,727 | 3,354 | |||||||||
Customer relations | 1,204 | 1,027 | 3,737 | 3,230 | |||||||||
Supplies | 950 | 881 | 2,710 | 2,731 | |||||||||
Bank examinations costs | 819 | 816 | 2,476 | 2,415 | |||||||||
Loan insurance expense | 490 | 578 | 1,533 | 1,803 | |||||||||
Federal service fees | 276 | 323 | 840 | 972 | |||||||||
Litigation and regulatory matters | 229 | 6,760 | 6,299 | 29,013 | |||||||||
Other | 7,376 | 5,478 | 18,926 | 25,108 | |||||||||
Total | $ | 26,768 | $ | 29,987 | $ | 78,799 | $ | 108,571 | |||||
Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense. | |||||||||||||
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Income Balances | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Changes In Accumulated Other Comprehensive Income Balances [Abstract] | ' | |||||||||||||
Changes In Accumulated Other Comprehensive Income Balances | ' | |||||||||||||
Note 8 – Changes in Accumulated Other Comprehensive Income Balances | ||||||||||||||
The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and nine months ended September 30, 2013 : | ||||||||||||||
(Dollars in thousands, unless otherwise noted) | Unrealized Gain/(Loss) On Securities Available-For-Sale | Pension and Post Retirement Plans | Total | |||||||||||
Balance as of July 1, 2013 | $ | 9,439 | $ | -198,104 | $ | -188,665 | ||||||||
Other comprehensive income before reclassifications, Net of tax expense of $1.1 million for unrealized gain/(loss) on securities available-for-sale | 1,714 | - | 1,714 | |||||||||||
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $6.6 million for pension and post retirement plans | - | 10,560 | 10,560 | |||||||||||
Net current period other comprehensive income, Net of tax expense of $1.1 million and $6.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively | 1,714 | 10,560 | 12,274 | |||||||||||
Balance as of September 30, 2013 | $ | 11,153 | $ | -187,544 | $ | -176,391 | ||||||||
Balance as of January 1, 2013 | $ | 55,250 | $ | -201,593 | $ | -146,343 | ||||||||
Other comprehensive income before reclassifications, Net of tax benefit of $27.6 million and tax expense $.1 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively | -44,097 | 169 | -43,928 | |||||||||||
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $8.7 million for pension and post retirement plans | - | 13,880 | 13,880 | |||||||||||
Net current period other comprehensive income, Net of tax benefit of $27.6 million and tax expense of $8.8 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively | -44,097 | 14,049 | -30,048 | |||||||||||
Balance as of September 30, 2013 | $ | 11,153 | $ | -187,544 | $ | -176,391 |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
Note 9 – Earnings Per Share | |||||||||||||
The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Income/(loss) from continuing operations | $ | -103,149 | $ | 28,574 | $ | -13,375 | $ | -60,037 | |||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | |||||||||
Net income/(loss) | -103,026 | 28,682 | -12,821 | -59,877 | |||||||||
Net income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | |||||||||
Net income/(loss) attributable to controlling interest | -105,901 | 25,807 | -21,352 | -68,440 | |||||||||
Preferred stock dividends | 1,550 | - | 4,288 | - | |||||||||
Net income/(loss) available to common shareholders | $ | -107,451 | $ | 25,807 | $ | -25,640 | $ | -68,440 | |||||
Income/(loss) from continuing operations | $ | -103,149 | $ | 28,574 | $ | -13,375 | $ | -60,037 | |||||
Net income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | |||||||||
Preferred stock dividends | 1,550 | - | 4,288 | - | |||||||||
Net income/(loss) from continuing operations available to common shareholders | $ | -107,574 | $ | 25,699 | $ | -26,194 | $ | -68,600 | |||||
The component of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was $(106.0) million and $25.7 million during the three months ended September 30, 2013 and 2012, respectively, and $(21.9) million and $(68.6) million during the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
The following table provides a reconciliation of weighted average common shares to diluted average common shares: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Shares in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Weighted average common shares outstanding - basic | 236,895 | 246,628 | 238,990 | 249,742 | |||||||||
Effect of dilutive securities | - | 1,678 | - | - | |||||||||
Weighted average common shares outstanding - diluted | 236,895 | 248,306 | 238,990 | 249,742 | |||||||||
The following tables provide a reconciliation of earnings/(loss) per common and diluted share: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
Earnings/(loss) per common share: | 2013 | 2012 | 2013 | 2012 | |||||||||
Income/(loss) per share from continuing operations available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
Income/(loss) per share from discontinued operations, net of tax | - | - | - | - | |||||||||
Net income/(loss) per share available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
Diluted earnings/(loss) per common share: | |||||||||||||
Diluted income/(loss) per share from continuing operations available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
Diluted income/(loss) per share from discontinued operations, net of tax | - | - | - | - | |||||||||
Diluted income/(loss) per share available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
For the three and nine months ended September 30, 2013, and nine months ended September 30, 2012, all potential common shares were antidilutive due to the net loss attributable to common shareholders for these periods. For the three months ended September 30, 2012, the dilutive effect for all potential common shares was 1.7 million. 9.4 million and 10.0 million stock options, with weighted average exercise prices of $19.55 and $21.27 per share for the three months ended September 30, 2013 and 2012, respectively, were excluded from diluted shares because including such shares would be antidilutive. 9.8 million and 10.4 million stock options, with weighted average exercise prices of $20.00 and $21.94 per share for the nine months ended September 30, 2013 and 2012, respectively, were also excluded from diluted shares. Other equity awards of 2.8 million for the three months ended September 30, 2013, were excluded from diluted shares while other equity awards of 3.0 million and 3.5 million for the nine months ended September 30, 2013 and 2012, respectively, were excluded from diluted shares because including such shares would have been antidilutive. |
Contingencies_And_Other_Disclo
Contingencies And Other Disclosures | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
[CommitmentsAndContingenciesDisclosureAbstract] | ' | |||||||||||||
Contingencies And Other Disclosures | ' | |||||||||||||
Note 10 – Contingencies and Other Disclosures | ||||||||||||||
Contingencies | ||||||||||||||
General | ||||||||||||||
Contingent liabilities arise in the ordinary course of business. Often they are related to lawsuits, arbitration, mediation, and other forms of litigation. Various litigation matters are threatened or pending against FHN and its subsidiaries. Also, FHN at times receives requests for information, subpoenas, or other inquiries from federal, state, and local regulators and from other government authorities concerning various matters relating to FHN's current or former lines of business. Certain matters of that sort are pending at this time, and FHN is cooperating with the authorities involved. In view of the inherent difficulty of predicting the outcome of these matters, particularly where the claimants seek very large or indeterminate damages, or where the cases present novel legal theories or involve a large number of parties, or where claims or other actions are possible but have not been brought, FHN cannot reasonably determine what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters may be, or what the eventual loss or impact related to each matter may be. FHN establishes loss contingency liabilities for litigation matters when loss is both probable and reasonably estimable as prescribed by applicable financial accounting guidance. A liability generally is not established when a loss contingency either is not probable or its amount is not reasonably estimable. If loss for a matter is probable and a range of possible loss outcomes is the best estimate available, accounting guidance requires a liability to be established at the low end of the range. | ||||||||||||||
In addition, disclosure of a range of reasonably possible loss associated with contingent liabilities, as prescribed by applicable financial accounting guidance, is provided as to those matters where there is more than a remote chance of an estimable, material loss outcome for FHN in excess of currently established loss liabilities. Based on current knowledge, and after consultation with counsel, management is of the opinion that loss contingencies related to such threatened or pending litigation matters should not have a material adverse effect on the consolidated financial condition of FHN, but may be material to FHN's operating results for any particular reporting period depending, in part, on the results from that period. | ||||||||||||||
Litigation – Gain Contingency | ||||||||||||||
The Chapter 11 Liquidation Trustee (the “Trustee”) of Sentinel Management Group, Inc. (“Sentinel”) filed complaints against two subsidiaries, First Tennessee Bank National Association ("FTBNA") and FTN Financial Securities Corp. (“FTN”), and two former FTN employees. The Trustee's claims related to Sentinel's purchases of Preferred Term Securities Limited (“PreTSL”) products and other securities from FTN and/or the FTN Financial Capital Markets division of FTBNA from March 2005 to August 2007. In July 2011, the parties reached an agreement to settle the dispute. Under the terms of the settlement the Trustee received a total of $38.5 million. After considering the terms of the settlement, FHN recognized a pre-tax expense of $36.7 million during second quarter 2011 related to the settlement. FHN believes that certain insurance policies provide coverage for these losses and related litigation costs, subject to policy limits and applicable deductibles. The insurers have denied coverage. FHN has brought suit against the insurers to enforce the policies under Tennessee law. The case is in U.S. District Court for the Western District of Tennessee styled as First Horizon National Corporation, et al. v. Certain Underwriters at Lloyd's Syndicate Nos. 2987, et al., No. 2:11-cv-02608. In connection with this matter the previously recognized expense may be recouped in whole or in part. As to this matter, under applicable financial accounting guidance, FHN has determined that although material gain is not probable there is more than a slight chance of a material gain outcome for FHN. FHN cannot estimate the amount of possible gain that might result from this matter because of general uncertainties associated with unresolved legal proceedings and also due to significant uncertainties regarding: legal interpretation of the relevant contracts; potential remedies that might be available or awarded; and the incomplete status of the discovery process. | ||||||||||||||
Litigation – Loss Contingencies | ||||||||||||||
Set forth below are discussions of certain pending or threatened litigation matters. These material loss contingency matters generally fall into the following categories: (i) FHN has determined material loss to be probable and has established a material loss liability in accordance with applicable financial accounting guidance, other than matters reported as having been substantially settled or otherwise substantially resolved; (ii) FHN has determined material loss to be probable but is unable to determine an amount of material loss liability; or (iii) FHN has determined that material loss is not probable but is "reasonably possible" (as defined in applicable accounting guidance, there is more than a remote chance of a material loss outcome for FHN). In all litigation matters discussed, except as indicated, FHN has estimated a range of reasonably possible loss outcomes in excess of any currently established loss liabilities. In all litigation matters discussed, unless settled or resolved, FHN believes it has meritorious defenses and intends to pursue those defenses vigorously. | ||||||||||||||
FHN reassesses the liability for litigation matters each quarter as the matters progress. At September 30, 2013, the aggregate amount of liabilities established for the litigation loss contingency matters discussed below was $21.1 million. Only one pending matter discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below, the FHFA case, is among those matters for which a liability has been established. The liabilities discussed in this paragraph are separate from those discussed under the heading "Established Repurchase Liability" below. | ||||||||||||||
In each potential loss contingency litigation matter discussed below, except as otherwise noted, there is a more than slight chance that each of the following outcomes will occur: the plaintiff will substantially prevail; the defense will substantially prevail; the plaintiff will prevail in part; or the matter will be settled by the parties. At September 30, 2013, FHN estimates that, for those litigation loss contingency matters discussed below as to which reasonably possible loss is estimable, reasonably possible losses in future periods in excess of currently established liabilities could aggregate in a range from zero to approximately $242 million. Of those matters discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters," only the FHFA, Charles Schwab, Western & Southern, and FDIC (NY) suits are included in that range. | ||||||||||||||
Matters Included in Reasonably Possible Loss Range | ||||||||||||||
Debit Transaction Sequencing Litigation Matter. FTBNA is a defendant in a putative class action lawsuit concerning overdraft fees charged in connection with debit card transactions. A key claim is that the method used to order or sequence the transactions posted each day was improper. The case is styled as Hawkins v. First Tennessee Bank National Association, before the Circuit Court for Shelby County, Tennessee, Case No. CT-004085-11. The plaintiff seeks actual damages of at least $5 million, unspecified restitution of fees charged, and unspecified punitive damages, among other things. FHN's estimate of reasonably possible loss for this matter is subject to significant uncertainties regarding: whether a class will be certified and, if so, the definition of the class; claims as to which no dollar amount is specified; the potential remedies that might be available or awarded; the outcome of potentially dispositive early-stage motions such as motions to dismiss; and the lack of discovery. | ||||||||||||||
RPL-Included First Horizon Branded Mortgage Securitization Litigation Matters. Several pending litigation matters are discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below. For certain of those FHN has been able to estimate reasonably possible loss. Those estimable matters are the FHFA, Charles Schwab, Western & Southern, and FDIC (NY) cases. The estimates for those matters are included in the range of reasonably possible loss discussed above. The estimates are subject to significant uncertainties regarding: the dollar amount claimed; the potential remedies that might be available or awarded; the outcome of any settlement discussions; the outcome of potentially dispositive early stage motions such as motions to dismiss; the availability of significantly dispositive defenses such as statutes of limitations or repose; the identity and value of assets that FHN may be required to repurchase to the extent asset repurchase is sought; the incomplete status of the discovery process; and the lack of precedent claims. | ||||||||||||||
Matters Not Included in Reasonably Possible Loss Range | ||||||||||||||
RPL-Excluded First Horizon Branded Mortgage Securitization Litigation Matters. Several pending litigation matters are discussed under the heading "First Horizon Branded Mortgage Securitization Litigation Matters" below. For certain of those FHN has been able to estimate reasonably possible loss as mentioned in the preceding paragraph, and for others FHN has not. Those matters which currently are not estimable are the FDIC (AL) case and the FHLB of San Francisco, Metropolitan Life, Royal Park, and certain indemnity cases. FHN is unable to estimate a range of reasonably possible loss due to significant uncertainties regarding: claims as to which the claimant specifies no dollar amount; the potential remedies that might be available or awarded; the availability of significantly dispositive defenses such as statutes of limitations or repose; the outcome of potentially dispositive early-stage motions such as motions to dismiss; the identity and value of assets that FHN may be required to repurchase for those claims seeking asset repurchase; the non-started or incomplete status of the discovery process; the lack of a precise statement of damages; and lack of precedent claims. | ||||||||||||||
Inquiry Regarding FHA-Insured Loans. Since second quarter 2012 FHN has been cooperating with the U.S. Department of Justice (“DOJ”) and the Office of the Inspector General for the Department of Housing and Urban Development ("HUD") in a civil investigation regarding compliance with requirements relating to certain FHA-insured loans. During second quarter 2013 DOJ and HUD provided FHN with preliminary findings of the investigation, which has focused on a small sample of loans and remains incomplete. No demand or claim has been made of FHN, and FHN is conducting its own analysis of the sample. The investigation could lead to a demand under the federal False Claims Act and the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which allow treble and other special damages substantially in excess of actual losses. Currently FHN is not able to predict the eventual outcome of this matter. FHN has established no liability for this matter and is not able to estimate a range of reasonably possible loss due to significant uncertainties regarding: the absence of any specific demand or claim; the potential remedies, including any amount of enhanced damages, that might be available or awarded; the availability of significantly dispositive defenses; FHN's lack of information that would enable FHN to assess performance concerning its FHA-insured originations, many of which FHN does not service; and the small number of precedent claims and resolutions combined with a lack of underlying data connected with those resolutions. | ||||||||||||||
The investigation has focused on loans originated by FHN on or after January 1, 2006. FHA-insured originations from January 1, 2006 through the 2008 divestiture of FHN's national mortgage platform totaled 47,817 loans with an aggregate original principal balance of $8.2 billion. FHA-insured originations during the four years following the divestiture (through August 31, 2012) totaled 2,681 loans with an aggregate original principal balance of $356.5 million. | ||||||||||||||
Branch Sale Litigation Matter. Manufacturers & Traders Trust Company (“M&T”) has pursued an arbitration claim against FTBNA arising out of FTBNA's sale of certain branch assets to M&T in 2007. M&T claimed that FTBNA violated its obligations to repurchase home equity lines of credit ("HELOCs") that it sold to M&T as part of the asset sale agreement. M&T alleged that the loans either are not in conformity with FTBNA's representations about them or are insured and sold due to mutual mistake or both. As a result of rulings to date the unresolved aspects of the claim have narrowed for certain non-core issues. FHN estimates that future reasonably possible loss related to this matter should fall within the currently established liability for this matter, which is included in the total mentioned above. | ||||||||||||||
First Horizon Branded Mortgage Securitization Litigation Matters | ||||||||||||||
Prior to September 2008 FHN originated and sold home loan products through various channels and conducted its servicing business under the First Horizon Home Loans and First Tennessee Mortgage Servicing brands. Those sales channels included the securitization of loans into pools held by trustees and the sale of the resulting securities, sometimes called “certificates,” to investors. These activities are discussed in more detail below under the heading “Legacy Home Loan Sales and Servicing.” | ||||||||||||||
At the time this report is filed, FHN, along with multiple defendants, is defending several lawsuits brought by investors which claim that the offering documents under which certificates relating to First Horizon branded securitizations ("FH proprietary securitizations") were sold to them were materially deficient. The plaintiffs and venues of these suits are: (1) the Federal Housing Finance Agency (“FHFA”), as conservator for Fannie Mae and Freddie Mac, in U.S. District Court for the Southern District of New York (Case No. 11-cv-6193 (PGG)); (2) Charles Schwab Corp. in the Superior Court of San Francisco, California (Case No. 10-501610); (3) Western & Southern Life Insurance Co, among others in the Court of Common Pleas, Hamilton County, Ohio (Case No. A1105352); (4) Federal Deposit Insurance Corporation ("FDIC") as receiver for Colonial Bank, in the U.S. District Court for the Middle District of Alabama (Case No. CV-12-791-WKW-WC); and (5) FDIC as a receiver for Colonial Bank, in the U.S. District Court for the Southern District of New York (Case No. 12 Civ. 6166 (LLS)(MHD)). The plaintiffs in the pending suits claim to have purchased certificates in a number of separate FH proprietary securitizations and demand that FHN repurchase their investments, or answer in damages or rescission, among other remedies sought. | ||||||||||||||
In some of the pending suits underwriters are co-defendants and have demanded, under provisions in the applicable underwriting agreements, that FHN indemnify them for their expenses and any losses they may incur. In addition, FHN has received indemnity demands from underwriters in certain other suits as to which investors claim to have purchased senior certificates in FH proprietary securitizations. FHN has not been named a defendant in these suits, which FHN is defending indirectly as indemnitor. The plaintiffs and venues of these other suits are: (6) FHLB of San Francisco, in the Superior Court of San Francisco County, California (Case No. CGC-10-497840); (7) Metropolitan Life Insurance Co., in the Supreme Court of New York County, New York (No. 651360-2012); and (8) Royal Park Invs. SA/NV, in the Supreme Court of New York County, New York (No. 652607-2012). | ||||||||||||||
Details concerning the original purchase amounts and ending balances of the investments at issue in these pending suits, as to which FHN is a named defendant or as to which FHN has an agreement to indemnify an underwriter defendant, are set forth below. Information about the performance of the FH proprietary securitizations related to these suits is available in monthly reports published by the trustee for the securitization trusts. FHN believes that certain plaintiffs did not purchase the entire certificate in the securitizations in which they invested. Reporting by the trustee is at a certificate level and, as a result, ending certificate balances in the following table were adjusted to reflect FHN's estimate of the ending balance of each partial certificate purchased by these plaintiffs. Plaintiffs in the pending lawsuits claim to have purchased a total of $1.1 billion of certificates and the purchase price of the certificates subject to the indemnification requests total $331.4 million. “Senior” and “Junior” refer to the ranking of the investments in broad terms; in most cases the securitization provided for sub-classifications within the Senior or Junior groups. | ||||||||||||||
Alt-A | Jumbo | |||||||||||||
(Dollars in thousands) | Senior | Junior | Senior | Junior | ||||||||||
Vintage | ||||||||||||||
Original Purchase Price: | ||||||||||||||
2005 (a) | $ | 843,868 | $ | - | $ | 30,000 | $ | - | ||||||
2006 (a) | 307,926 | - | - | 9,793 | ||||||||||
2007 | 204,061 | - | 50,000 | 7,084 | ||||||||||
Total | $ | 1,355,855 | $ | - | $ | 80,000 | $ | 16,877 | ||||||
Ending Balance per the September 25, 2013, trust statements: | ||||||||||||||
2005 | $ | 309,678 | $ | - | $ | 10,922 | $ | - | ||||||
2006 | 108,102 | - | - | 2,841 | ||||||||||
2007 | 100,659 | - | 16,697 | - | ||||||||||
Total | $ | 518,439 | $ | - | $ | 27,619 | $ | 2,841 | ||||||
The amounts shown in the table which are the subject of the FHFA litigation includes $230,020 of the Senior Alt-A loans from 2006 and $643,751 of the Senior Alt-A loans from 2005. | ||||||||||||||
If FHN were to repurchase certificates, it would recognize as a loss the difference between the amount paid (adjusted for any related litigation liability previously established) and the fair value of the certificates at that time. | ||||||||||||||
The ending certificate balance of the investments which are the subject of the FHFA lawsuit was $316.4 million as reported on the September 25, 2013, trust statements, with approximately 90 percent of the remaining balances performing. Cumulative losses on the FHFA investments which are the subject of the lawsuit, as reported on the trust statements, represent approximately 7 percent of the original principal amount underlying the certificates purchased. The total ending certificate balance of the investments which are the subject of the remaining lawsuits was $232.5 million as reported on the September 25, 2013, trust statements, with approximately 80 percent of the remaining balances performing. Cumulative losses on the investments which are the subject of the remaining lawsuits, as reported on the trust statements, represent approximately 7 percent of the original principal amount underlying the certificates purchased. Ending certificate balances reflect the remaining principal balance on the certificates, after the monthly principal and interest distributions and after reduction for applicable cumulative and current realized losses. Recognized cumulative losses may not take into account all outstanding principal and interest amounts advanced by the servicer due to nonpayment by the borrowers; reimbursement of those advances to the servicer may increase cumulative losses. Losses often are reported by the trustee based on each certificate within a pool or group, which limits FHN's ability to ascertain losses at the individual investor level. | ||||||||||||||
As discussed under “Legacy Home Loan Sales and Servicing,” similar claims may be pursued by other investors, and loan repurchase, make-whole, or indemnity claims may be pursued by securitization trustees or other parties to transactions seeking indemnity. At September 30, 2013, except for the FHFA case, FHN had not recognized a liability for exposure for investment rescission or damages arising from the foregoing or other potential claims by investors that the offering documents under which the loans were securitized were materially deficient, nor for exposure for repurchase of loans arising from potential claims that FHN breached its representations and warranties made in FH proprietary securitizations at closing. | ||||||||||||||
Contract Claim Settlement Process – Mortgage Repurchase Pipeline | ||||||||||||||
For several years FHN has received claims from government sponsored enterprises ("GSEs"), other government agencies, mortgage insurers, and others that FHN breached certain representations and warranties made in connection with whole-loan sales prior to September 2008. Generally such claims request or otherwise demand that FHN repurchase the loans or otherwise make the purchaser whole. FHN analyzes these claims using a pipeline approach. FHN reviews each claim in the pipeline and either offers to satisfy the claim or rejects the claim by asking the claimant to rescind it. FHN has established a material loss liability for probable incurred losses related to repurchase obligations for breaches of selling representations and warranties. Estimation for losses associated with repurchase obligations includes both trends observed in the pipeline, and additional information that encompasses a broader population of loans. See the discussion under “Estimated Repurchase Liability.” As of September 30, 2013, none of these claims had become active litigation. These matters and the associated reserving methodologies are discussed under “Legacy Home Loan Sales and Servicing." | ||||||||||||||
Legacy Home Loan Sales and Servicing | ||||||||||||||
Overview | ||||||||||||||
Prior to September 2008, as a means to provide liquidity for its legacy mortgage banking business, FHN originated loans through its legacy mortgage business, primarily first lien home loans, with the intention of selling them. Some government-insured and government-guaranteed loans were originated with credit recourse retained by FHN and some other mortgages were originated to be held, but predominantly mortgage loans were intended to be sold without recourse for credit default. Sales typically were effected either as non-recourse whole-loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residential mortgage loans were sold predominately to two GSEs - the Federal National Mortgage Association ("Fannie Mae," "Fannie," or "FNMA") and the Federal Home Loan Mortgage Corporation ("Freddie Mac," "Freddie," or "FHLMC"). Federally insured or guaranteed whole-loans were pooled, and payments to investors were guaranteed through the Government National Mortgage Association ("Ginnie Mae," "Ginnie," or "GNMA"). Collectively, Fannie Mae, Freddie Mac, and Ginnie Mae are referred to as the "Agencies." Many mortgage loan originations, especially those "nonconforming" mortgage loans that did not meet criteria for whole-loan sales to the GSEs, or insurance through Ginnie Mae, were sold to investors, or certificate-holders, predominantly through proprietary securitizations but also, to a lesser extent, through whole-loan sales to private non-Agency purchasers. In addition, FHN originated with the intent to sell and sold HELOCs and second lien mortgages through whole-loan sales to private purchasers and, to a lesser extent, through proprietary securitizations. | ||||||||||||||
Regarding these past first lien loan sale activities, FHN has exposure to potential loss primarily through two avenues. First, purchasers of these mortgage loans may request that FHN repurchase loans or make the purchaser whole for economic losses incurred if it is determined that FHN violated certain contractual representations and warranties made at the time of these sales. Contractual representations and warranties differ based on deal structure and counterparty. For whole-loan sales, a claimant generally would be the purchaser. For securitizations, a repurchase claimant generally would be a trustee. Second, investors in securitizations may attempt to achieve rescission of their investments or damages through litigation by claiming that the applicable offering documents were materially deficient. In addition, augmenting these avenues: the trustee for the securitized loans may seek repurchase of loans under contractual remedies; some of the loans that were sold or securitized were insured and the insurance carrier may seek repurchase or make-whole remedies by claiming that FHN violated certain contractual representations and warranties made in connection with the insurance contract; some of the loans sold to non-Agency whole-loan purchasers were included in securitizations of the purchasers, and the purchasers may seek repurchase or indemnification for losses and expenses caused by such a violation by FHN; and, some loans were originated under government insurance or guarantee programs and the government agency, or a person acting on its behalf, may seek contractual or statutory remedies based on claimed violations of the requirements of the respective program. In some cases FHN retains the servicing of the loans sold or securitized and so has substantial visibility into the status of the loans; in many cases FHN does not retain servicing and has had very limited or no such direct visibility. | ||||||||||||||
From 2005 through 2008, FHN originated and sold $69.5 billion of mortgage loans without recourse which includes $57.6 billion of loans sold to GSEs and $11.9 billion of loans guaranteed by Ginnie Mae. Although additional GSE sales occurred in earlier years, a substantial majority of GSE repurchase requests have come from that period. While substantially all of the losses for repurchase obligations related to sales to GSEs have been from vintages originated during 2005 through 2008, the definitive resolution agreement ("DRA") discussed below also includes originations from 2000 through 2004. In addition, for many years ending in 2007, FHN securitized mortgage loans without recourse in First Horizon branded proprietary transactions. From 2005 through 2007, FHN securitized $26.7 billion of mortgage loans under the First Horizon ("FH") brand. | ||||||||||||||
On August 31, 2008 FHN sold its national mortgage and servicing platforms along with a portion of its servicing assets and obligations. This is sometimes referred to as the “2008 sale,” the “2008 divestiture,” the “platform sale,” or other similar terms. FHN contracted with the purchaser to have its remaining servicing obligations sub-serviced by the purchaser through August 2011. | ||||||||||||||
Loans Sold With Full or Limited Recourse | ||||||||||||||
Although not a substantial part of FHN's former business, FHN sold certain Agency mortgage loans with full recourse under agreements to repurchase the loans upon default. Loans sold with full recourse generally include mortgage loans sold to investors in the secondary market which are uninsurable under government mortgage loan programs due to issues associated with underwriting activities, documentation, or other concerns. For mortgage insured single-family residential loans, in the event of borrower nonperformance, FHN would assume losses to the extent they exceed the value of the collateral and private mortgage insurance (“MI”), the Federal Housing Administration ("FHA") insurance, or the Veteran's Administration (“VA”) guaranty. On September 30, 2013 and 2012, the current UPB of single-family residential loans that were sold on a full recourse basis with servicing retained was $30.0 million and $37.8 million, respectively. | ||||||||||||||
Loans sold with limited recourse include loans sold under government insured or guaranteed mortgage loan programs including the FHA and VA. FHN may absorb losses due to uncollected interest and foreclosure costs but has limited risk of credit losses in the event of foreclosure of the mortgage loan sold. Generally, the amount of recourse liability in the event of foreclosure is determined based upon the respective government program and/or the sale or disposal of the foreclosed property collateralizing the mortgage loan. Another instance of limited recourse is the VA/No bid. In this case, the VA guarantee is limited and FHN may be required to fund any deficiency in excess of the VA guarantee if the loan goes to foreclosure. | ||||||||||||||
FHN also has potential loss exposure from claims that FHN violated FHA or VA requirements related to the origination of the loans and insurance or guarantee claims filed related to the loans. Additional information concerning a pending investigation related to FHA-insured lending is provided in "Inquiry Regarding FHA-Insured Loans" above. | ||||||||||||||
Unless otherwise noted, the remaining discussion under this section, “Legacy Home Loan Sales and Servicing,” excludes information concerning full or limited recourse loan sales. | ||||||||||||||
Agency Whole-loan Sales | ||||||||||||||
Substantially all of the conventional, conforming mortgage loans originated by FHN were sold to the GSEs. Each agency has specific guidelines and criteria for originators and servicers of loans backing their respective securities, and the risk of credit loss with regard to the principal amount of the loans sold was generally transferred to the GSEs upon sale, or resides with the insuring government agency if the loans were guaranteed through Ginnie. | ||||||||||||||
Generally these loans were sold without recourse for credit loss. However, if it is determined that the loans sold were in breach of representations or warranties required by the Agency and made by FHN at the time of sale, FHN has obligations to either repurchase the loan for the UPB or make the purchaser whole for the economic loss incurred by the purchaser of such loan. Such representations and warranties required by the Agencies typically include those made regarding the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers in connection with obtaining the loan. A substantial amount of FHN's existing repurchase obligations from outstanding requests relate to conforming conventional mortgage loans that were sold to the GSEs. Since the mortgage platform sale in 2008 through September 30, 2013, Agencies have accounted for the vast majority of repurchase/make-whole claims received. | ||||||||||||||
GSE Settlement Efforts | ||||||||||||||
In the fourth quarter of 2013 FHN entered into a DRA with Fannie Mae resolving certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer services. Under the DRA, FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects and violations of Fannie Mae's Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancellations and denials. With respect to covered loans where there has been a prior bulk sale of servicing, FHN is not responsible for mortgage insurance cancellations and denials to the extent attributable to the acts of the current servicer. | ||||||||||||||
FHN currently has no agreement in principle or definitive resolution with Freddie Mac. In addition, FHN continues to have limited visibility into the performance of many loans sold to Freddie Mac. Freddie Mac has not yet provided the type of information which Fannie Mae provided leading up to the DRA. | ||||||||||||||
The repurchase liability FHN has recorded as of September 30, 2013 contemplates, among other things, the DRA, estimates of FHN's repurchase exposure related to loans excluded from the DRA, and estimates of FHN's repurchase exposure related to loans sold to Freddie Mac based on the information obtained from Fannie Mae. See “Established Repurchase Liability” below for additional information. | ||||||||||||||
First Horizon Branded Proprietary Mortgage Securitizations | ||||||||||||||
From 2005 through 2007 FHN originated and sold certain non-agency, nonconforming mortgage loans, consisting of Jumbo and Alternative-A (“Alt A”) first lien mortgage loans, to private investors through 80 proprietary securitization trusts under the FH brand. Securitized loans generally were sold indirectly to investors as interests, commonly known as certificates, in trusts. The certificates were sold to a variety of investors, including GSEs in some cases, through securities offerings under a prospectus or other offering documents. In most cases, the certificates were tiered into different risk classes, with junior classes exposed to trust losses first and senior classes exposed only after junior classes were exhausted. Through third quarter 2013, FHN continues to service substantially all of the remaining loans sold through FH proprietary securitizations. As of September 30, 2013, the remaining UPB in active FH proprietary securitizations from 2005 through 2007 was $7.4 billion consisting of $5.0 billion Alt-A mortgage loans and $2.4 billion Jumbo mortgage loans. Representations and warranties were made to the securitization trustee for the benefit of investors. As such, FHN has exposure to the trustee for repurchase of loans arising from claims that FHN breached its representations and warranties made at closing, and exposure to investors for investment rescission or damages arising from claims by investors that the offering documents under which the loans were securitized were materially deficient. As of September 30, 2013, the repurchase request pipeline contained no repurchase requests related to FH proprietary first lien securitizations based on breaches of representations and warranties. | ||||||||||||||
Unlike loans sold to GSEs, contractual representations and warranties for FH proprietary first lien securitizations do not include specific representations regarding the absence of other-party fraud or negligence in the underwriting or origination of the mortgage loans. Securitization documents typically provide the investors with a right to request that the trustee investigate and initiate repurchase of a mortgage loan if FHN breached certain representations and warranties made at the time the securitization closed and such breach materially and adversely affects the interests of the investors in such mortgage loan. The securitization documents do not require the trustee to make an investigation into the facts or matters stated in any investor request or notice unless requested in writing to do so by the holders of certificates evidencing not less than 25 percent of the voting rights allocated to each class of certificates. The certificate holders also may be required to indemnify the trustee for its costs related to investigations made in connection with repurchase actions. FHN has no knowledge of any investor requests to the trustee of an FH proprietary securitization to investigate mortgage loans for possible breach of representations and warranties. GSEs were among the purchasers of certificates in FH proprietary securitizations. As such, they are entitled to the benefits of the same representations and warranties as other investors. However, the GSEs, acting through their conservator under federal law, are permitted to undertake, independently of other investors, reviews of FHN's mortgage loan origination and servicing files. Such reviews are commenced using a subpoena process. If, because of such reviews, the GSEs determine there has been a breach of a representation or warranty that has had a material and adverse effect on the interests of the investors in any mortgage loan, the GSEs may attempt to persuade or compel enforcement of a repurchase obligation against FHN by the securitization trustee. Certain other government entities have asserted a similar right of review not generally available to other investors. As discussed in more detail below, FHN has received several such subpoenas. | ||||||||||||||
In addition, the FH proprietary securitization trustee generally may initiate a loan review, without prior official action by investors, for the purpose of determining compliance with applicable representations and warranties with respect to any or all of the active FH proprietary securitizations. If non-compliance is discovered, the trustee may seek repurchase or other relief. At September 30, 2013, FHN's trustee had made no claims against FHN and no litigation by the trustee was pending against FHN. Accordingly, FHN is not able to estimate any liability for this risk. FHN similarly is not able to estimate a range of reasonably possible losses associated with this risk, and no such amounts are included in the aggregate range discussed above. Those inabilities are due to significant uncertainties regarding: the absence of claims made; the nature and outcome of any claims process or related settlement discussions if pursued; the outcome of litigation if litigation is pursued; the identity and value of assets that FHN may be required to repurchase to the extent asset repurchase is sought; and the lack of precedent claims. | ||||||||||||||
Also unlike loans sold to the GSEs through non-recourse whole-loan sales, interests in securitized loans were sold as securities under prospectuses or other offering documents subject to the disclosure requirements of applicable federal and state securities laws. As an alternative to pursuing a claim for breach of representations and warranties through the trustee as mentioned above, investors could pursue (and in certain cases mentioned below, are pursuing) a claim alleging that the prospectus or other disclosure documents were deficient by containing materially false or misleading information or by omitting material information. Claims for such disclosure deficiencies typically could be brought under applicable federal or state securities statutes, and the statutory remedies typically could include rescission of the investment or monetary damages measured in relation to the original investment made. Any such statutory claim would be subject to applicable limitation periods and other statutory defenses. If a plaintiff properly made and proved its allegations, the plaintiff might attempt to claim that damages could include loss of market value on the investment even if there were little or no credit loss in the underlying loans. Claims based on alleged disclosure deficiencies also could be brought as traditional fraud or negligence claims with a wider scope of damages possible. Each investor could bring such a claim individually, without acting through the trustee to pursue a claim for breach of representations and warranties, and investors could attempt joint claims or attempt to pursue claims on a class-action basis. Claims of this sort are likely to be resolved in a litigation context in most cases, unlike the GSE repurchase experience to date. The analysis of loss content and establishment of appropriate liabilities in those cases would follow principles and practices associated with litigation matters, including an analysis of available procedural and substantive defenses in each particular case, a determination of whether material loss is probable, and (if so) an estimation of the amount of ultimate loss, if any can be estimated. FHN expects most litigation claims to take much longer to resolve than repurchase requests typically have taken. | ||||||||||||||
Monoline insurance was a form of credit enhancement provided to a securitization by an insurer not affiliated with FHN. Subject to the terms and conditions of the policy, the insurer guaranteed payments of accrued interest and principal due to the investors. None of the FH proprietary first lien securitizations involved the use of monoline insurance for the benefit of all classes of security holders. In certain limited situations, insurance was provided for a specific senior retail class of holders within an individual securitization. The only insured certificate more recent than 2004 is from 2005 and covered $25.0 million of original certificate balance. The trustee statement dated September 25, 2013, reported to FHN that the remaining outstanding certificate balance for the class was $23.5 million. FHN understands that some monoline insurers have commenced lawsuits against others in the industry seeking to rescind policies of this sort due to alleged misrepresentations as to the quality of the loan portfolio insured. FHN has not received notice of a lawsuit from the monoline insurers of the senior retail level class. | ||||||||||||||
Other First Horizon Branded Proprietary Securitizations | ||||||||||||||
FHN originated and sold home equity lines and second lien loans through certain FH proprietary securitization trusts, most of which related to HELOC loans. As of September 30, 2013, only three of those securitizations, all HELOC, remain active; the rest have been retired as a result of clean-up calls exercised by FHN. Each remaining trust issued notes backed by these loans and publicly offered the asset-backed notes to investors pursuant to a prospectus. The Trustee statements dated September 25, 2013, reported that the cumulative original and current outstanding note balances of the FH proprietary HELOC securitizations were $961.8 million and $311.8 million, respectively. | ||||||||||||||
The loans in the FH HELOC securitization trusts are included on FHN's balance sheet in accordance with GAAP either as consolidated variable interest entities (“VIEs”) or because the securitization did not qualify for sale treatment under GAAP. These loans and the associated credit risk are reflected in FHN's consolidated financial statements. | ||||||||||||||
The asset-backed notes issued in the FH proprietary HELOC securitizations were “wrapped” by monoline insurers. FHN understands that some monoline insurers have commenced lawsuits against other originators of asset-backed securities seeking to cancel policies of this sort due to alleged misrepresentations as to the quality of the loan portfolio insured. FHN has not received notice from a monoline insurer of any such lawsuit. The monoline insurers also have certain contractual rights to pursue repurchase and indemnification. In response to unreimbursed insurance draws resulting from insufficient remittances to investors, three monoline insurers of certain FH proprietary HELOC securitizations have commenced reviews of these HELOC securitizations and certain underlying loan files, underwriting guidelines, and payment histories. Repurchase requests have been received; in some cases requests have been rescinded and in others repurchases have been made. Because the underlying loans and their associated loss content are recorded on FHN's balance sheet, FHN reviews the portfolio each quarter for inherent loss and has established reserves for loss content. For that reason, FHN does not include these requests in the repurchase pipeline reported for first lien mortgages, and FHN believes that any ultimate cash payouts related to these loans are unlikely to have any material impact upon FHN's financial results as such payouts would be reflected as reductions to the existing balance of restricted or secured term borrowings. Additionally, advances made by monoline insurers for the benefit of security holders have been recognized within restricted or secured term borrowings in the Consolidated Condensed Statements of Condition. This recognition practice is used because the insurers have a higher priority to certain cash flows from the securitization trusts than FHN. | ||||||||||||||
Other Whole-loan Sales | ||||||||||||||
FHN has sold first lien mortgages without recourse through whole-loan sales to non-Agency purchasers. FHN made contractual representations and warranties to the purchasers generally similar to those made to Agency purchasers. As of September 30, 2013, 11 percent of repurchase/make-whole claims relate to private whole loan sales. These claims are included in FHN's liability methodology and the assessment of the adequacy of the repurchase and foreclosure liability. | ||||||||||||||
Many of these loans were included by the purchasers in non-FH securitizations. FHN's contractual representations and warranties to these loan purchasers generally included indemnity covenants for losses and expenses applicable to the securitization caused by FHN's breach. Currently the following categories of actions are pending which involve FHN and non-Agency whole-loan sales: (i) FHN has received indemnification requests from purchasers of loans or their assignees in cases where FHN is not a defendant; (ii) FHN has received subpoenas seeking loan reviews in cases where FHN is not a defendant; (iii) FHN has received repurchase demands from purchasers or their assignees; and (iv) FHN is a defendant in two legal actions involving FHN-originated loans. In some cases the loans to be reviewed, or which otherwise are at issue, have not been identified specifically. Assignees can include securitizers or securitization trustees, among others. A loan is included in the repurchase pipeline only when an identifiable demand for repurchase has been made outside of active litigation. | ||||||||||||||
Government Entity Loan Reviews | ||||||||||||||
Certain government entities acting on behalf of several purchasers of FH proprietary and other securitizations have subpoenaed information from FHN and others. In 2009 FHN was subpoenaed by the federal regulator of credit unions, the National Credit Union Administration ("NCUA"), related to FH proprietary securitization investments by certain federal credit unions. There has been little communications with FHN associated with this matter since 2010. FHN has been subpoenaed by the FHFA acting as conservator for Fannie Mae and Freddie Mac related to securitization investments by those institutions. In addition, the FHLB of San Francisco and FHLB of Atlanta have subpoenaed FHN for purposes of a loan origination review related to certain of their securitization investments. Collectively, the NCUA, FHFA, and FHLB subpoenas seek information concerning a number of FH proprietary first lien securitizations and a FH proprietary HELOC securitization during 2005 and 2006. In addition, the FDIC, acting on behalf of certain failed banks, has also subpoenaed FHN related to FH proprietary securitization investments by those institutions. | ||||||||||||||
The FDIC, FHFA and FHLB of San Francisco subpoenas also concern loans sold by FHN to non-Agency purchasers on a whole-loan basis which were included by those purchasers in non-FH securitizations. That lending activity is discussed above under "Other Whole-loan Sales." In addition, the FHLB of Seattle has subpoenaed FHN in connection with FHN-originated loans that were included in non-FH securitizations. The FDIC subpoena fails to identify the specific investments made by the failed banks. Other than the dollar amounts of those investments which are the subject of the FDIC's active litigation as receiver for Colonial Bank, FHN has limited information regarding at least some of the loans under review or the dollar amounts invested in relation to the FDIC, FHFA, and FHLB subpoenas. The FDIC subpoenas overlap partially, and the FHFA subpoenas overlap substantially, with the ongoing litigation matters mentioned above under "Litigation - Loss Contingencies." | ||||||||||||||
The subpoenas discussed above relate to ongoing reviews which ultimately could result in claims against FHN. The original and current (as of September 25, 2013 trust statements) combined first lien certificate balances of the related FH proprietary securitizations in which the credit unions invested were $321.6 million and $113.7 million, respectively. The original and current (as of September 25, 2013 trust statements) HELOC certificate balances of the related FH proprietary HELOC securitization in which the credit unions invested was $299.8 million and $84.4 million. The original and current certificate balances of the FH proprietary securitizations in which the FHLB of San Francisco invested are $501.1 million and $153.2 million, respectively. The original and current certificate balances of the FH proprietary securitizations in which the FHLB of Atlanta invested are $56.1 million and $11.2 million, respectively. There are limitations as to FHN's knowledge of the amount of FH proprietary securitizations investments that are subject to the FDIC, FHFA and FHLB of San Francisco subpoenas. Since the reviews at this time are neither repurchase claims nor litigation, the associated loans are not considered part of the repurchase pipeline. | ||||||||||||||
Private Mortgage Insurance | ||||||||||||||
MI was required by GSE rules for certain of the loans sold to GSEs and was also provided for certain of the loans that were securitized. MI generally was provided for the first lien loans sold or securitized having a loan-to-value ratio at origination of greater than 80 percent. Although unresolved MI cancellation notices related to GSE-owned loans are not formal repurchase requests, FHN includes these in the active repurchase request pipeline. FHN tracks and monitors MI cancellation notices received and considers the amount of loans sold to GSEs where MI coverage has ultimately been lost when assessing the overall adequacy of FHN's repurchase liability. As of September 30, 2013 and 2012, $481.7 million and $415.2 million, respectively, of loans sold or securitized have lost MI coverage. | ||||||||||||||
Established Repurchase Liability | ||||||||||||||
In fourth quarter, FHN entered into a DRA, discussed above in “GSE Settlement Efforts,” to resolve certain selling representation and warranty repurchase obligations with Fannie Mae. During these discussions, FHN received additional information which was used to estimate repurchase liability levels at quarter-end. That information encompassed a broader population of loans including older vintages and expanded selection criteria from the remaining loan populations. The new information added the origination vintages of 2000 through 2004, expanded the scope of selections, and included estimates for losses from loans in early stage delinquency, modifications, and loans determined to have a higher probability of default. FHN used the new information to estimate losses related to potential repurchase obligations not included in the DRA with Fannie Mae including future MI rescissions, prior bulk servicing sales where FHN is no longer the directly responsible party but still has repurchase obligations, repurchase obligations for loan sales to Freddie Mac, and obligations related to other loan sales. Additionally, FHN continues to monitor claims included in the active pipeline, historical repurchase rates, and loss severities. | ||||||||||||||
Based on currently available information and experience to date, FHN has evaluated its exposure under these obligations and accordingly had reserved for losses of $295.2 million and $293.5 million as of September 30, 2013 and 2012, respectively, including a smaller amount related to equity-lending junior lien loan sales. Accrued liabilities for FHN's estimate of these obligations are reflected in Other liabilities on the Consolidated Condensed Statements of Condition. Charges to increase the liability are included within Repurchase and foreclosure provision on the Consolidated Condensed Statements of Income. The estimate is based upon currently available information and fact patterns that exist as of the balance sheet date and could be subject to future changes. Changes to any one of these factors could significantly impact the estimate of FHN's liability. | ||||||||||||||
Servicing and Foreclosure Practices | ||||||||||||||
FHN services a predominately first lien mortgage loan portfolio with an unpaid principal balance of approximately $15 billion as of September 30, 2013. A substantial portion of the first lien portfolio is serviced through a subservicer. FHN's national mortgage and servicing platforms were sold in August 2008 and the related servicing activities, including foreclosure and loss mitigation practices, of the still-owned portion of FHN's mortgage servicing portfolio was outsourced through a three year subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). The 2008 subservicing agreement expired in 2011 when FHN entered into a replacement agreement with a new subservicer (the “2011 subservicer”). In third quarter 2013 FHN agreed to sell a substantial majority of its remaining servicing obligations and servicing assets (including advances) to the 2011 subservicer. The servicing is expected to be transferred to the buyer during the next few months. The servicing retained by FHN continues to be subserviced by the 2011 subservicer under a subservicing agreement amended and extended through 2014. | ||||||||||||||
The first lien portfolio is held primarily by private security holders and GSEs, with less significant portions held by other private investors. In connection with its servicing activities, FHN collects and remits the principal and interest payments on the underlying loans for the account of the appropriate investor. In the event of delinquency or non-payment on a loan in a private or agency securitization: (1) the terms of the private securities agreements generally require FHN, as servicer, to continue to make monthly advances of principal and interest (“P&I”) to the trustee for the benefit of the investors; (2) the terms of the majority of the agency agreements may require the servicer to make advances of P&I, or in certain circumstances to repurchase the loan out of the trust pool; and (3) the servicer may be required to advance escrow and other payments. In the event advances are ultimately made by FHN to satisfy these servicing obligations, these servicing advances are recoverable from: (a) the liquidation proceeds of the property securing the loan, in the case of private securitizations; (b) the proceeds of the foreclosure sale by the government agency, in the case of government agency-owned loans; and (c) in certain circumstances, mortgage payment pool funds. As of September 30, 2013 and 2012, FHN has recognized servicing advances of $289.1 million and $300.6 million, respectively. Servicing advances are included in Other assets on the Consolidated Condensed Statements of Condition. | ||||||||||||||
FHN is subject to losses in its loan servicing portfolio due to loan foreclosures. Foreclosure exposure arises from certain government agency agreements, as well as agreements with MI insurers, which limit the agency's repayment guarantees on foreclosed loans and allow compensatory fees and penalties and curtailments of claims for violations of agreements or insurance policies, resulting in losses to the servicer. Foreclosure exposure also includes real estate costs, marketing costs, and costs to maintain properties, especially during protracted resale periods in geographic areas of the country negatively impacted by declining home values. | ||||||||||||||
For several years governmental officials and agencies have scrutinized industry foreclosure practices, particularly in judicial foreclosure states. The initial focus on judicial foreclosure practices of financial institutions nationwide expanded to include non-judicial foreclosure and loss mitigation practices including the effective coordination by servicers of foreclosure and loss mitigation activities. All of the changes to servicing practices including the additional oversight required arising out of this activity including those described below could impact FHN through increased operational and legal costs. FHN continues to review, monitor, and revise, as appropriate, its foreclosure processes and coordinated loss mitigation practices with the goal of conforming them to evolving servicing requirements. | ||||||||||||||
In 2011 regulators entered into consent decrees with several institutions requiring comprehensive revision of loan modification and foreclosure processes, including the remediation of borrowers that have experienced financial harm. The 2008 subservicer was subject to a consent decree and its parent company agreed to pay related monetary sanctions, among other things. In 2012 the 2008 subservicer, along with certain others, entered into a settlement agreement with the OCC which replaced the consent decree. The new settlement requires remediation for all borrowers with "in-process" foreclosures dating from 2009 or 2010 and certain other foreclosure-avoidance assistance from parties to the settlement. The OCC through a consultant operated the remediation process in 2013 by mailing checks, which was substantially completed in August 2013, from the settlement pool to eligible borrowers in amounts determined by the OCC. The remediation process should be completed during 2013. | ||||||||||||||
Under FHN's 2008 subservicing agreement, the 2008 subservicer had the contractual right to follow FHN's prior servicing practices as they existed 180 days prior to August 2008 until the 2008 subservicer became aware that such practices did not comply with applicable servicing requirements, subject to the subservicer's obligation to follow accepted servicing practices, applicable law, and new requirements, including evolving interpretations of such practices, law and requirements. FHN cannot predict the amount of additional operating costs related to foreclosure delays, including required process changes, increased default services, extended periods of servicing advances and the recoverability of such advances, legal expenses, or other costs that may be incurred as a result of the internal reviews or external actions. In the event of a dispute such as that described below between FHN and the 2008 subservicer over any liabilities for subservicer's servicing and management of foreclosure or loss mitigation processes, FHN cannot predict the costs that may be incurred. | ||||||||||||||
FHN's 2008 subservicer has presented invoices and made demands under the 2008 subservicing agreement that FHN pay certain costs related to tax service contracts, miscellaneous transfer costs, servicing timeline penalties, compensatory damages, and curtailments charged prior to the servicing transfer by GSEs and a government agency in connection with FHN's transfer of subservicing to its 2011 subservicer in the amount of $8.6 million. The 2008 subservicer also is seeking reimbursement from FHN for expenditures the 2008 subservicer has incurred or anticipates it will incur under the consent decree and supervisory guidance relating to foreclosure review (collectively, “foreclosure review expenditures”). The foreclosure review expenditures for which the 2008 subservicer presently seeks reimbursement total $34.9 million. The 2008 subservicer has indicated that additional reimbursement requests will be made as the foreclosure review process continues. FHN disputes that it has any responsibility or liability for either demand. In the event that the 2008 subservicer pursues its position through litigation, FHN believes it has meritorious defenses and intends to defend itself vigorously. FHN disagrees with the 2008 subservicer's position and has made no reimbursements. FHN also believes that certain amounts billed to FHN by agencies for penalties and curtailments on claims by MI insurers for actions by the 2008 subservicer prior to the 2011 subservicing transfer but billed after that date are owed by the 2008 subservicer. This disagreement has the potential to result in litigation and, in any such future litigation, the claim against FHN may be substantial. | ||||||||||||||
Other Disclosures - Visa Matters | ||||||||||||||
FHN is a member of the Visa USA network. In October 2007, the Visa organization of affiliated entities completed a series of global restructuring transactions to combine its affiliated operating companies, including Visa USA, under a single holding company, Visa Inc. (“Visa”). Upon completion of the reorganization, the members of the Visa USA network remained contingently liable for certain Visa litigation matters (the "Covered Litigation"). Based on its proportionate membership share of Visa USA, FHN recognized a contingent liability in fourth quarter 2007 related to this contingent obligation. In March 2008, Visa completed its initial public offering (“IPO”) and funded an escrow account from its IPO proceeds to be used to make payments related to the Visa litigation matters. FHN received approximately 2.4 million Class B shares in conjunction with Visa's IPO. | ||||||||||||||
Conversion of these shares into Class A shares of Visa and, with limited exceptions, transfer of these shares is restricted until the final resolution of the covered litigation. In conjunction with the prior sales of Visa Class B shares in December 2010 and September 2011, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The conversion ratio is adjusted when Visa deposits funds into the escrow account to cover certain litigation. | ||||||||||||||
In July 2012, Visa and MasterCard announced a joint settlement related to the Payment Card Interchange matter (the "Settlement"). The Settlement is subject to judicial approval. Based on the amount of the Settlement attributable to Visa and an assessment of FHN's contingent liability accrued for Visa litigation matters, the Settlement did not have a material impact on FHN. As a result of the Settlement, Visa funded an additional $150 million into the escrow account in July 2012, and as a result FHN made a payment to the counterparty of $.8 million. As of September 30, 2013, the conversion ratio is 42 percent, and the contingent liability is $.8 million. Future funding of the escrow would dilute this exchange rate by an amount that is not determinable. | ||||||||||||||
As of September 30, 2013 and 2012, the derivative liabilities were $2.7 million and $2.3 million, respectively. | ||||||||||||||
FHN now holds approximately 1.1 million Visa Class B shares. FHN's Visa shares are not considered to be marketable and therefore are included in the Consolidated Condensed Statements of Condition at their historical cost of $0. A fairness hearing regarding the Settlement was held on September 12, 2013, but no decision has been rendered. Accordingly, the outcome and timing of decisions from this hearing remain uncertain. Additionally, other Covered Litigation matters are also pending judicial resolution, including new matters filed by class members who opted-out of the Settlement. In the event that the Settlement is not approved and/or if resolution is pending for any Covered Litigation matter, FHN's ability to transfer its Visa holdings would continue to be restricted. | ||||||||||||||
Other Disclosures – Indemnification Agreements and Guarantees | ||||||||||||||
In the ordinary course of business, FHN enters into indemnification agreements for legal proceedings against its directors and officers and standard representations and warranties for underwriting agreements, merger and acquisition agreements, loan sales, contractual commitments, and various other business transactions or arrangements. The extent of FHN's obligations under these agreements depends upon the occurrence of future events; therefore, it is not possible to estimate a maximum potential amount of payouts that could be required with such agreements. |
Pension_Savings_And_Other_Empl
Pension, Savings, And Other Employee Benefits | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Pension, Savings, And Other Employee Benefits [Abstract] | ' | |||||||||||||||
Pension, Savings, And Other Employee Benefits | ' | |||||||||||||||
Note 11 – Pension, Savings, and Other Employee Benefits | ||||||||||||||||
Pension plan. FHN sponsors a noncontributory, qualified defined benefit pension plan to employees hired or re-hired on or before September 1, 2007. Pension benefits are based on years of service, average compensation near retirement or other termination, and estimated social security benefits at age 65. The contributions are based upon actuarially determined amounts necessary to fund the total benefit obligation. FHN did not make any contributions to the qualified pension plan in 2012. Future decisions to contribute to the plan will be based upon pension funding requirements under the Pension Protection Act, the maximum deductible under the Internal Revenue Code, and the actual performance of plan assets. Management has assessed the need for future contributions, and does not currently anticipate that FHN will make a contribution to the qualified pension plan in 2013. | ||||||||||||||||
FHN also maintains non-qualified plans including a supplemental retirement plan that covers certain employees whose benefits under the qualified pension plan have been limited. These other non-qualified plans are unfunded, and contributions to these plans cover all benefits paid under the non-qualified plans. Payments made under the non-qualified plans were $7.3 million for 2012. FHN anticipates making benefit payments under the non-qualified plans of $6.2 million in 2013. | ||||||||||||||||
The accrual of benefits under the qualified pension plan and the supplemental pension plan ceased as of December 31, 2012. | ||||||||||||||||
FHN utilizes the minimum amortization method in determining the amount of actuarial gains or losses to include in plan expense. Under this approach, the net deferred actuarial gain or loss that exceeds a threshold is amortized over the average remaining service period of active plan participants. In conjunction with the freeze of the pension plans on December 31, 2012, all participants are now considered inactive under applicable accounting guidance for determining the appropriate period for prospective amortization of actuarial gains and losses. Thus, effective January 1, 2013, FHN changed the amortization term for actuarial gains and losses from the estimated average remaining service period of active employees to the estimated average remaining life expectancy of the remaining participants. This extension of the amortization period significantly lowers annual pension expense. | ||||||||||||||||
Savings plan. FHN provides all qualifying full-time employees with the opportunity to participate in the FHN tax qualified 401(k) savings plan. The qualified plan allows employees to defer receipt of earned salary, up to tax law limits, on a tax-advantaged basis. Accounts, which are held in trust, may be invested in a wide range of mutual funds and in FHN common stock. Up to tax law limits, in 2012 FHN provided a 50 percent match for the first 6 percent of salary deferred. The match rate increased to 100 percent for the first 6 percent of salary deferred beginning in 2013 when benefits under the pension plans became frozen. Through a non-qualified savings restoration plan, starting in 2013 FHN provides a restorative benefit to certain highly-compensated employees who participate in the savings plan and whose contribution elections are capped by tax limitations. | ||||||||||||||||
Employer Non-Elective Contribution (“ENEC”) Program. The ENEC program is a feature of the FHN savings plan. Prior to 2013 it was provided only to employees not eligible for the pension plan. After 2012 it is available only to employees not participating in a regular bonus plan. With the ENEC program, FHN generally makes contributions to eligible employees' savings plan accounts based upon company performance. Contribution amounts are a percentage of each employee's base salary (as defined in the savings plan) earned the prior year. FHN contributed $1.5 million for the plan in 2012 related to the 2011 plan year, and FHN contributed $1.7 million for the plan in 2013 related to the 2012 plan year. All contributions made to eligible employees' savings plan accounts in relation to the ENEC program are invested in company stock. With the increased match in the savings plan, FHN does not anticipate making contributions under the ENEC related to the 2013 plan year. | ||||||||||||||||
Other employee benefits. FHN provides postretirement life insurance benefits to certain employees and also provides postretirement medical insurance to retirement-eligible employees. The postretirement medical plan is contributory with retiree contributions adjusted annually and is based on criteria that are a combination of the employee's age and years of service. For any employee retiring on or after January 1, 1995, FHN contributes a fixed amount based on years of service and age at the time of retirement. FHN's postretirement benefits include prescription drug benefits. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (“the Act”) introduced a prescription drug benefit under Medicare Part D as well as a federal subsidy to sponsors of retiree health care that provide a benefit that is actuarially equivalent to Medicare Part D. FHN currently anticipates receiving a prescription drug subsidy under the Act through 2013. In third quarter 2013, FHN notified participants of revisions to the employee medical plan effective January 1, 2014, the effects of which are being prospectively amortized beginning in third quarter 2013. | ||||||||||||||||
The components of net periodic benefit cost for the three months ended September 30 are as follows: | ||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Components of net periodic benefit cost | ||||||||||||||||
Service cost | $ | -77 | $ | 2,453 | $ | 114 | $ | 102 | ||||||||
Interest cost | 8,097 | 8,191 | 505 | 612 | ||||||||||||
Expected return on plan assets | -8,756 | -9,967 | -199 | -225 | ||||||||||||
Amortization of unrecognized: | ||||||||||||||||
Transition (asset)/obligation | - | - | - | 184 | ||||||||||||
Prior service cost/(credit) | 89 | 100 | -25 | -3 | ||||||||||||
Actuarial (gain)/loss | 2,585 | 9,351 | -106 | -60 | ||||||||||||
Net periodic benefit cost | 1,938 | 10,128 | 289 | 610 | ||||||||||||
ASC 715 settlement expense | - | 1,231 | - | - | ||||||||||||
Total periodic benefit costs | $ | 1,938 | $ | 11,359 | $ | 289 | $ | 610 | ||||||||
The components of net periodic benefit cost for the nine months ended September 30 are as follows: | ||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Components of net periodic benefit cost | ||||||||||||||||
Service cost | $ | 47 | $ | 11,156 | $ | 382 | $ | 350 | ||||||||
Interest cost | 24,271 | 24,780 | 1,601 | 1,724 | ||||||||||||
Expected return on plan assets | -26,210 | -29,860 | -593 | -686 | ||||||||||||
Amortization of unrecognized: | ||||||||||||||||
Transition (asset)/obligation | - | - | - | 552 | ||||||||||||
Prior service cost/(credit) | 265 | 299 | -9 | -7 | ||||||||||||
Actuarial (gain)/loss | 7,374 | 26,999 | -72 | -366 | ||||||||||||
Net periodic benefit cost | 5,747 | 33,374 | 1,309 | 1,567 | ||||||||||||
ASC 715 settlement expense | 370 | 1,231 | - | - | ||||||||||||
Total periodic benefit costs | $ | 6,117 | $ | 34,605 | $ | 1,309 | $ | 1,567 |
Business_Segment_Information
Business Segment Information | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Business Segment Information [Abstract] | ' | ||||||||||||
Business Segment Information | ' | ||||||||||||
Note 12 – Business Segment Information | |||||||||||||
FHN has four business segments: regional banking, capital markets, corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers largely in Tennessee and surrounding markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally. The capital markets segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees, and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges. | |||||||||||||
Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on internal allocation method. Because the allocations are based on internally developed assignments and allocations they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the three and nine months ended September 30: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Consolidated | |||||||||||||
Net interest income | $ | 158,838 | $ | 173,465 | $ | 480,239 | $ | 518,069 | |||||
Provision for loan losses | 10,000 | 40,000 | 40,000 | 63,000 | |||||||||
Noninterest income | 150,475 | 163,538 | 449,534 | 524,886 | |||||||||
Noninterest expense | 433,556 | 263,169 | 901,504 | 1,112,340 | |||||||||
Income/(loss) before income taxes | -134,243 | 33,834 | -11,731 | -132,385 | |||||||||
Provision/(benefit) for income taxes | -31,094 | 5,260 | 1,644 | -72,348 | |||||||||
Income/(loss) from continuing operations | -103,149 | 28,574 | -13,375 | -60,037 | |||||||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | |||||||||
Net income/(loss) | $ | -103,026 | $ | 28,682 | $ | -12,821 | $ | -59,877 | |||||
Average assets | $ | 24,192,606 | $ | 25,089,754 | $ | 24,619,958 | $ | 25,101,544 | |||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Regional Banking | |||||||||||||
Net interest income | $ | 148,511 | $ | 151,136 | $ | 441,903 | $ | 447,248 | |||||
Provision/(provision credit) for loan losses | 5,159 | 2,927 | 15,875 | 329 | |||||||||
Noninterest income | 63,884 | 64,235 | 184,928 | 189,324 | |||||||||
Noninterest expense | 131,438 | 141,576 | 390,723 | 425,480 | |||||||||
Income/(loss) before income taxes | 75,798 | 70,868 | 220,233 | 210,763 | |||||||||
Provision/(benefit) for income taxes | 27,359 | 25,727 | 79,510 | 76,509 | |||||||||
Net income/(loss) | $ | 48,439 | $ | 45,141 | $ | 140,723 | $ | 134,254 | |||||
Average assets | $ | 12,922,737 | $ | 12,935,133 | $ | 12,939,436 | $ | 12,509,334 | |||||
Capital Markets | |||||||||||||
Net interest income | $ | 3,756 | $ | 4,753 | $ | 11,687 | $ | 16,041 | |||||
Noninterest income | 64,115 | 80,817 | 208,926 | 262,560 | |||||||||
Noninterest expense | 58,036 | 64,602 | 179,631 | 205,844 | |||||||||
Income/(loss) before income taxes | 9,835 | 20,968 | 40,982 | 72,757 | |||||||||
Provision/(benefit) for income taxes | 3,703 | 7,899 | 15,432 | 27,540 | |||||||||
Net income/(loss) | $ | 6,132 | $ | 13,069 | $ | 25,550 | $ | 45,217 | |||||
Average assets | $ | 2,116,415 | $ | 2,232,047 | $ | 2,342,728 | $ | 2,322,656 | |||||
Corporate | |||||||||||||
Net interest income/(expense) | $ | -10,333 | $ | -6,096 | $ | -28,917 | $ | -17,820 | |||||
Noninterest income | 6,558 | 7,904 | 18,224 | 20,991 | |||||||||
Noninterest expense | 21,584 | 21,538 | 56,239 | 63,058 | |||||||||
Income/(loss) before income taxes | -25,359 | -19,730 | -66,932 | -59,887 | |||||||||
Provision/(benefit) for income taxes | -16,024 | -13,632 | -42,743 | -39,332 | |||||||||
Net income/(loss) | $ | -9,335 | $ | -6,098 | $ | -24,189 | $ | -20,555 | |||||
Average assets | $ | 5,166,039 | $ | 5,149,235 | $ | 5,162,727 | $ | 5,289,352 | |||||
Non-Strategic | |||||||||||||
Net interest income | $ | 16,904 | $ | 23,672 | $ | 55,566 | $ | 72,600 | |||||
Provision for loan losses | 4,841 | 37,073 | 24,125 | 62,671 | |||||||||
Noninterest income | 15,918 | 10,582 | 37,456 | 52,011 | |||||||||
Noninterest expense | 222,498 | 35,453 | 274,911 | 417,958 | |||||||||
Income/(loss) before income taxes | -194,517 | -38,272 | -206,014 | -356,018 | |||||||||
Provision/(benefit) for income taxes | -46,132 | -14,734 | -50,555 | -137,065 | |||||||||
Income/(loss) from continuing operations | -148,385 | -23,538 | -155,459 | -218,953 | |||||||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | |||||||||
Net income/(loss) | $ | -148,262 | $ | -23,430 | $ | -154,905 | $ | -218,793 | |||||
Average assets | $ | 3,987,415 | $ | 4,773,339 | $ | 4,175,067 | $ | 4,980,202 | |||||
Certain previously reported amounts have been reclassified to agree with current presentation. |
Loan_Sales_And_Securitizations
Loan Sales And Securitizations | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Loan Sales And Securitizations [Abstract] | ' | ||||||||||||||||||||||||
Loan Sales And Securitizations | ' | ||||||||||||||||||||||||
Note 13 – Loan Sales and Securitizations | |||||||||||||||||||||||||
Prior to 2009, FHN utilized loan sales and securitizations as a significant source of liquidity for its mortgage banking operations. FHN no longer retains financial interests in loans it transfers to third parties. During the three and nine months ended September 30, 2013 and 2012, loan sale activity was not material. | |||||||||||||||||||||||||
Retained Interests | |||||||||||||||||||||||||
Interests retained from prior loan sales, including GSE securitizations, typically included MSR, excess interest (structured as interest-only ("IO") strips), and principal-only ("PO") strips. Excess interest represents rights to receive interest from serviced assets that exceed contractually specified rates. PO strips are principal cash flow tranches. MSR were initially valued at fair value and the remaining retained interests were initially valued by allocating the remaining cost basis of the loan between the security or loan sold and the remaining retained interests based on their relative fair values at the time of sale or securitization. | |||||||||||||||||||||||||
In certain cases, FHN continues to service and receive servicing fees related to the transferred loans. During third quarter 2013 and 2012, FHN received annual servicing fees approximating .29 percent of the outstanding balance of underlying single-family residential mortgage loans and .34 percent inclusive of income related to excess interest. In third quarters 2013 and 2012, FHN received annual servicing fees approximating .50 percent of the outstanding balance of underlying loans for HELOC and home equity loans transferred. MSR related to loans transferred and serviced by FHN, as well as MSR related to loans serviced by FHN and transferred by others, are discussed further in Note 5 - Mortgage Servicing Rights. | |||||||||||||||||||||||||
The sensitivity of the fair value of all retained or purchased MSR to immediate 10 percent and 20 percent adverse changes in assumptions on September 30, 2013 and 2012, are as follows: | |||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
(Dollars in thousands except for annual cost to service) | First Liens | Second Liens | HELOC | First Liens | Second Liens | HELOC | |||||||||||||||||||
Fair value of retained interests | $ | 114,017 | $ | 166 | $ | 2,503 | $ | 117,440 | $ | 205 | $ | 2,892 | |||||||||||||
Weighted average life (in years) | 4.4 | 3.5 | 3.4 | 4 | 2.9 | 2.9 | |||||||||||||||||||
Annual prepayment rate | 18.7 | % | 31.4 | % | 31.7 | % | 21.2 | % | 26 | % | 26.7 | % | |||||||||||||
Impact on fair value of 10% adverse change | $ | -5,572 | $ | -10 | $ | -130 | $ | -6,261 | $ | -13 | $ | -355 | |||||||||||||
Impact on fair value of 20% adverse change | -10,637 | -20 | -250 | -11,953 | -25 | -683 | |||||||||||||||||||
Annual discount rate on servicing cash flows | 8.4 | % | 14 | % | 18 | % | 11.8 | % | 14 | % | 18 | % | |||||||||||||
Impact on fair value of 10% adverse change | $ | -2,675 | $ | -4 | $ | -76 | $ | -3,253 | $ | -6 | $ | -191 | |||||||||||||
Impact on fair value of 20% adverse change | -5,221 | -9 | -148 | -6,314 | -11 | -370 | |||||||||||||||||||
Annual cost to service (per loan) (a) | $ | 119 | $ | 50 | $ | 50 | $ | 116 | $ | 50 | $ | 50 | |||||||||||||
Impact on fair value of 10% adverse change | -2,684 | -4 | -39 | -2,822 | -5 | -96 | |||||||||||||||||||
Impact on fair value of 20% adverse change | -5,352 | -8 | -78 | -5,625 | -9 | -193 | |||||||||||||||||||
Annual earnings on escrow | 1.4 | % | - | - | 1.4 | % | - | - | |||||||||||||||||
Impact on fair value of 10% adverse change | $ | -1,152 | - | - | $ | -631 | - | - | |||||||||||||||||
Impact on fair value of 20% adverse change | -2,304 | - | - | -1,263 | - | - | |||||||||||||||||||
Amounts represent market participant based assumptions. | |||||||||||||||||||||||||
The sensitivity of the fair value of other retained interests to immediate 10 percent and 20 percent adverse changes in assumptions on September 30, 2013 and 2012, are as follows: | |||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
Excess | Excess | ||||||||||||||||||||||||
Interest | Certificated | Interest | Certificated | ||||||||||||||||||||||
(Dollars in thousands) | IO | PO | IO | PO | |||||||||||||||||||||
Fair value of retained interests | $ | 10,618 | $ | 5,096 | $ | 13,739 | $ | 5,462 | |||||||||||||||||
Weighted average life (in years) | 4.4 | 1.9 | 3.9 | 1.9 | |||||||||||||||||||||
Annual prepayment rate | 16.8 | % | 41.9 | % | 19.1 | % | 49.5 | % | |||||||||||||||||
Impact on fair value of 10% adverse change | $ | -476 | $ | -225 | $ | -618 | $ | -304 | |||||||||||||||||
Impact on fair value of 20% adverse change | -915 | -474 | -1,189 | -640 | |||||||||||||||||||||
Annual discount rate on residual cash flows | 9.5 | % | NM | 13.3 | % | NM | |||||||||||||||||||
Impact on fair value of 10% adverse change | $ | -343 | NM | $ | -504 | NM | |||||||||||||||||||
Impact on fair value of 20% adverse change | -660 | NM | -968 | NM | |||||||||||||||||||||
NM - Not meaningful | |||||||||||||||||||||||||
These sensitivities are hypothetical and should not be considered predictive of future performance. As the figures indicate, changes in fair value based on a 10 percent variation in assumptions cannot necessarily be extrapolated because the relationship between the change in assumption and the change in fair value may not be linear. Also, the effect on the fair value of the retained interest caused by a particular assumption variation is calculated independently from all other assumption changes. In reality, changes in one factor may result in changes in another, which might magnify or mitigate the sensitivities. Furthermore, the estimated fair values, as disclosed, should not be considered indicative of future earnings on these assets. | |||||||||||||||||||||||||
Prepayment rates and credit spreads (part of the discount rate) are significant unobservable inputs used in the fair value measurement of FHN's MSR, principal only strips and excess interest IO. Cost to service and earnings on escrow are additional unobservable inputs included in the valuation of MSR. Increases in prepayment rates, credit spreads and costs to service in isolation would result in significantly lower fair value measurements for the associated assets. Conversely, decreases in prepayment rates, credit spreads and costs to service in isolation would result in significantly higher fair value measurements for the associated assets. An increase/(decrease) in earnings on escrow in isolation would be accompanied by an increase/(decrease) in the value of the related MSR. Generally, when market interest rates decline and other factors favorable to prepayments occur, there is a corresponding increase in prepayment rates as customers are expected to refinance existing mortgages under more favorable interest rate terms. Generally, changes in discount rates directionally mirror the changes in market interest rates. In third quarter 2013, FHN agreed to sell substantially all its remaining legacy mortgage servicing. FHN used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR and excess interest, as a third-party pricing source in the valuation of these assets as of September 30, 2013. | |||||||||||||||||||||||||
The MSR Hedging Working Group reviews the overall assessment of the estimated fair value of MSR and excess interests weekly and is responsible for approving the critical assumptions used by management to determine the estimated fair value of FHN's retained interests. In addition, this working group reviews the source of significant changes to the carrying values each quarter and was responsible for hedges and approving hedging strategies during periods when the MSR was hedged. Hedges were terminated upon execution of the definitive agreement to sell servicing. | |||||||||||||||||||||||||
FHN also engages in a process referred to as “price discovery” on a quarterly basis to assess the reasonableness of the estimated fair value of retained interests. Price discovery is conducted through a process of obtaining the following information: (1) quarterly informal (and an annual formal) valuation of the servicing portfolio by prominent independent mortgage-servicing brokers and (2) a collection of surveys and benchmarking data made available by independent third parties that include peer participants in the mortgage banking business. Although there is no single source of market information that can be relied upon to assess the fair value of MSR or excess interests, FHN reviews all information obtained during price discovery to determine whether the estimated fair value of MSR is reasonable when compared to market information. FHN determined that the MSR and excess interests valuations and assumptions in third quarters 2013 and 2012 were reasonable based on the price discovery process. | |||||||||||||||||||||||||
For the three and nine months ended September 30, 2013 and 2012, cash flows received and paid related to loan sales and securitizations were as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep | 30-Sep | ||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Proceeds from initial sales | $ | - | $ | 77,297 | $ | 10,843 | $ | 178,045 | |||||||||||||||||
Servicing fees retained (a) | 11,261 | 14,262 | 36,542 | 47,488 | |||||||||||||||||||||
Purchases of GNMA guaranteed mortgages | 17,797 | 22,434 | 88,652 | 85,149 | |||||||||||||||||||||
Purchases of previously transferred financial assets (b) (c) | 41,916 | 191,318 | 266,266 | 333,236 | |||||||||||||||||||||
Other cash flows received on retained interests | 1,260 | 1,696 | 4,088 | 6,915 | |||||||||||||||||||||
Includes servicing fees on MSR associated with loan sales and purchased MSR. | |||||||||||||||||||||||||
Includes repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also includes buyouts from GSEs in order to facilitate foreclosures. | |||||||||||||||||||||||||
Nine months ended September 30, 2013, and three and nine months ended September 30, 2012, includes $74.7 million and $99.3 million, respectively, of cash paid related to clean-up calls exercised by FHN. | |||||||||||||||||||||||||
The principal amount of loans transferred through loan sales and securitizations and other loans managed with them, the principal amount of delinquent loans, and the net credit losses during the three and nine months ended September 30, 2013 and 2012, are as follows: | |||||||||||||||||||||||||
Principal Amount of Residential Real | |||||||||||||||||||||||||
Estate Loans (a) (b) (c) | Net Credit Losses (c) | ||||||||||||||||||||||||
30-Sep | Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Total loans managed or transferred | $ | 13,016,536 | $ | 15,889,548 | $ | 47,832 | $ | 123,586 | $ | 185,443 | $ | 345,064 | |||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||||||||
Amounts represent real estate residential loans in FHN's portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN has a retained interest other than servicing rights. Also includes $4.4 billion and $6.3 billion of loans transferred to GSEs with any type of retained interest on September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||
On September 30, 2013 and 2012, includes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $41.9 million and $35.4 million of GNMA guaranteed mortgages on September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||
No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 10 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors. | |||||||||||||||||||||||||
Variable_Interest_Entities
Variable Interest Entities | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | |||||||||||||||||||
Variable Interest Entities | ' | |||||||||||||||||||
Note 14 – Variable Interest Entities | ||||||||||||||||||||
ASC 810 defines a VIE as an entity where the equity investors, as a group, lack either (1) the power through voting rights, or similar rights, to direct the activities of an entity that most significantly impact the entity's economic performance, (2) the obligation to absorb the expected losses of the entity, (3) the right to receive the expected residual returns of the entity, or (4) when the equity investors, as a group, do not have sufficient equity at risk for the entity to finance its activities by itself. A variable interest is a contractual ownership, or other interest, that fluctuates with changes in the fair value of the VIE's net assets exclusive of variable interests. Under ASC 810, as amended, a primary beneficiary is required to consolidate a VIE when it has a variable interest in a VIE that provides it with a controlling financial interest. For such purposes, the determination of whether a controlling financial interest exists is based on whether a single party has both the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant. | ||||||||||||||||||||
Consolidated Variable Interest Entities | ||||||||||||||||||||
FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking and consumer lending operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts' economic performance. In situations where the retention of MSR and other retained interests, including residual interests and subordinated bonds, results in FHN potentially absorbing losses or receiving benefits that are significant to the trusts, FHN is considered the primary beneficiary, as it is also assumed to have the power as servicer to most significantly impact the activities of such VIEs. Consolidation of the trusts results in the recognition of the trusts' proceeds as restricted borrowings since the cash flows on the securitized loans can only be used to settle the obligations due to the holders of the trusts' securities. In third quarter 2013, FHN agreed to sell the servicing related to one of these consolidated securitization trusts. Upon closing of this sale, the securitization trust will be de-consolidated and prospectively considered a non-consolidated VIE. | ||||||||||||||||||||
Included in the September 30, 2013 balance of consolidated proprietary residential mortgage securitizations is a HELOC securitization trust that has entered a rapid amortization period and for which FHN is obligated to provide subordinated funding. During this period, cash payments from borrowers are accumulated to repay outstanding debt securities while FHN continues to make advances to borrowers when they draw on their lines of credit. FHN then transfers the newly generated receivables into the securitization trust and is reimbursed only after other parties in the securitization have received all of the cash flows to which they are entitled. If loan losses requiring draws on the related monoline insurers' policies, which protect bondholders in the securitization, exceed a certain level, FHN may not receive reimbursement for all of the funds advanced to borrowers, as the senior bondholders and the monoline insurers typically have priority for repayment. This securitization trust is currently consolidated by FHN due to FHN's status as the Master Servicer for the securitization and the retention of a significant residual interest. Consistent with the consolidated nature of this trust, amounts funded from monoline insurance policies are considered as additional restricted term borrowings in FHN's Consolidated Condensed Statements of Condition. | ||||||||||||||||||||
In first quarter 2012, FHN agreed with the monoline insurers to relinquish its status as Master Servicer for two of FHN's proprietary consumer loan securitizations. Accordingly, these trusts were de-consolidated prospectively from the time of the agreement. In 2012, FHN completed cleanup calls on four previously consolidated on-balance sheet consumer loan securitizations and the associated trusts were extinguished. | ||||||||||||||||||||
FHN has established certain rabbi trusts related to deferred compensation plans offered to its employees. FHN contributes employee cash compensation deferrals to the trusts and directs the underlying investments made by the trusts. The assets of these trusts are available to FHN's creditors only in the event that FHN becomes insolvent. These trusts are considered VIEs as there is no equity at risk in the trusts since FHN provided the equity interest to its employees in exchange for services rendered. FHN is considered the primary beneficiary of the rabbi trusts as it has the power to direct the activities that most significantly impact the economic performance of the rabbi trusts through its ability to direct the underlying investments made by the trusts. Additionally, FHN could potentially receive benefits or absorb losses that are significant to the trusts due to its right to receive any asset values in excess of liability payoffs and its obligation to fund any liabilities to employees that are in excess of a rabbi trust's assets. | ||||||||||||||||||||
The following table summarizes VIEs consolidated by FHN as of September 30, 2013 and 2012: | ||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||
On-Balance Sheet | Rabbi Trusts | On-Balance Sheet | Rabbi Trusts | |||||||||||||||||
Consumer Loan Securitizations | Used for Deferred Compensation Plans | Consumer Loan Securitizations | Used for Deferred Compensation Plans | |||||||||||||||||
(Dollars in thousands) | Carrying Value | Carrying Value | Carrying Value | Carrying Value | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 1,494 | N/A | $ | 624 | N/A | ||||||||||||||
Loans, net of unearned income | 104,052 | N/A | 121,959 | N/A | ||||||||||||||||
Less: Allowance for loan losses | 3,217 | N/A | 4,384 | N/A | ||||||||||||||||
Total net loans | 100,835 | N/A | 117,575 | N/A | ||||||||||||||||
Other assets | 1,435 | $ | 63,238 | 1,907 | $ | 61,409 | ||||||||||||||
Total assets | $ | 103,764 | $ | 63,238 | $ | 120,106 | $ | 61,409 | ||||||||||||
Liabilities: | ||||||||||||||||||||
Term borrowings | $ | 93,700 | N/A | $ | 113,342 | N/A | ||||||||||||||
Other liabilities | 19 | $ | 49,469 | 16 | $ | 49,579 | ||||||||||||||
Total liabilities | $ | 93,719 | $ | 49,469 | $ | 113,358 | $ | 49,579 | ||||||||||||
Nonconsolidated Variable Interest Entities | ||||||||||||||||||||
Low Income Housing Partnerships. First Tennessee Housing Corporation (“FTHC”), a wholly-owned subsidiary of FTBNA, makes equity investments as a limited partner in various partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (“LIHTC”) pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN's community reinvestment initiatives. The activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants generally within FHN's primary geographic region. LIHTC partnerships are considered VIEs as FTHC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. FTHC could absorb losses that are significant to the LIHTC partnerships as it has a risk of loss for its initial capital contributions and funding commitments to each partnership. The general partners are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the partnerships' economic performance and the general partners are exposed to all losses beyond FTHC's initial capital contributions and funding commitments. | ||||||||||||||||||||
New Market Tax Credit LLCs. First Tennessee New Markets Corporation (“FTNMC”), a wholly-owned subsidiary of FTBNA, makes equity investments through wholly-owned subsidiaries as a limited member in various limited liability companies (“LLCs”) that sponsor community development projects utilizing the New Market Tax Credit (“NMTC”) pursuant to Section 45 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital and to support FHN's community reinvestment initiatives. The activities of the LLCs include providing investment capital for low-income communities within FHN's primary geographic region. A portion of the funding of FTNMC's investment in a NMTC LLC is obtained via a loan from an unrelated third-party that is typically a community development enterprise. The NMTC LLCs are considered VIEs as FTNMC, the holder of the equity investment at risk, does not have the ability to direct the activities that most significantly affect the performance of the entity through voting rights or similar rights. While FTNMC could absorb losses that are significant to the NMTC LLCs as it has a risk of loss for its initial capital contributions, the managing members are considered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the NMTC LLCs' economic performance and the managing members are exposed to all losses beyond FTNMC's initial capital contributions. | ||||||||||||||||||||
Small Issuer Trust Preferred Holdings. FTBNA holds variable interests in trusts which have issued mandatorily redeemable preferred capital securities (“trust preferreds”) for smaller banking and insurance enterprises. FTBNA has no voting rights for the trusts' activities. The trusts' only assets are junior subordinated debentures of the issuing enterprises. The creditors of the trusts hold no recourse to the assets of FTBNA. These trusts meet the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts' economic performance. Based on the nature of the trusts' activities and the size of FTBNA's holdings, FTBNA could potentially receive benefits or absorb losses that are significant to the trusts regardless of whether a majority of a trust's securities are held by FTBNA. However, since FTBNA is solely a holder of the trusts' securities, it has no rights which would give it the power to direct the activities that most significantly impact the trusts' economic performance and thus it is not considered the primary beneficiary of the trusts. FTBNA has no contractual requirements to provide financial support to the trusts. | ||||||||||||||||||||
On-Balance Sheet Trust Preferred Securitization. In 2007, FTBNA executed a securitization of certain small issuer trust preferreds for which the underlying trust meets the definition of a VIE as the holders of the equity investment at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity's economic performance. FTBNA could potentially receive benefits or absorb losses that are significant to the trust based on the size and priority of the interests it retained in the securities issued by the trust. However, since FTBNA did not retain servicing or other decision making rights, FTBNA is not the primary beneficiary as it does not have the power to direct the activities that most significantly impact the trust's economic performance. Accordingly, FTBNA has accounted for the funds received through the securitization as a term borrowing in its Consolidated Condensed Statements of Condition. FTBNA has no contractual requirements to provide financial support to the trust. | ||||||||||||||||||||
Proprietary Trust Preferred Issuances. FHN has previously issued junior subordinated debt to First Tennessee Capital II (“Capital II”). Capital II is considered a VIE as FHN's capital contributions to this trust are not considered “at risk” in evaluating whether the holders of the equity investments at risk in the trust have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entity's economic performance. FHN is not the trust's primary beneficiary as FHN's capital contributions to the trust are not considered variable interests as they are not “at risk”. Consequently, Capital II is not consolidated by FHN. | ||||||||||||||||||||
Proprietary & Agency Residential Mortgage Securitizations. FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its mortgage banking operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Additionally, FHN has no contractual requirements to provide financial support to the trusts. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts' economic performance. While FHN is assumed to have the power as servicer to most significantly impact the activities of such VIEs in situations where FHN does not have the ability to participate in significant portions of a securitization trust's cash flows, it is not considered the primary beneficiary of the trust. Therefore, these trusts are not consolidated by FHN. | ||||||||||||||||||||
Prior to third quarter 2008, FHN transferred first lien mortgages that were included in Agency-sponsored securitizations and retained MSR and in certain situations various other interests. Except for recourse due to breaches of standard representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Additionally, FHN has no contractual requirements to provide financial support to the trusts. The Agencies' or designated third parties' status as Master Servicer and the rights they hold consistent with their guarantees on the securities issued provide them with the power to direct the activities that most significantly impact the trusts' economic performance. Thus, such trusts are not consolidated by FHN as it is not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that are significant to the trusts. | ||||||||||||||||||||
In relation to certain agency securitizations, FHN purchased the servicing rights on securitized loans from the loan originator and holds other retained interests. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the trusts' economic performance. As the agencies serve as Master Servicer for the securitized loans and hold rights consistent with their guarantees on the securities issued, they have the power to direct the activities that most significantly impact the trusts' economic performance. Thus, FHN is not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that are significant to the trusts. FHN has no contractual requirements to provide financial support to the trusts. Upon closing of the servicing sales agreed to in third quarter 2013, FHN's interests in these securitizations will decline substantially. | ||||||||||||||||||||
On-Balance Sheet Consumer Loan Securitizations. FHN holds variable interests in proprietary residential mortgage securitization trusts it established prior to 2008 as a source of liquidity for its consumer lending operations. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trusts, the creditors of the trusts hold no recourse to the assets of FHN. Based on their restrictive nature, the trusts are considered VIEs as the holders of equity at risk do not have the power through voting rights or similar rights to direct the activities that most significantly impact the trusts' economic performance. The nonconsolidated proprietary residential mortgage securitizations as of September 30, 2013 consist of two HELOC securitization trusts that have entered a rapid amortization period and for which FHN is obligated to provide subordinated funding. These securitization trusts are not consolidated by FHN as it is not the Master Servicer for the securitizations. FHN's holding of a unilateral call right to reclaim specific assets in the trusts precludes sale accounting for the related securitization transactions. Thus, even though FHN is not the Master Servicer, the related transactions are accounted for as secured borrowings, with the associated loans and secured debt remaining within FHN's Consolidated Condensed Financial Statements. | ||||||||||||||||||||
Holdings & Short Positions in Agency Mortgage-Backed Securities. FHN holds securities issued by various agency securitization trusts. Based on their restrictive nature, the trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power through voting rights, or similar rights, to direct the activities that most significantly impact the entities' economic performance. FHN could potentially receive benefits or absorb losses that are significant to the trusts based on the nature of the trusts' activities and the size of FHN's holdings. However, FHN is solely a holder of the trusts' securities and does not have the power to direct the activities that most significantly impact the trusts' economic performance, and is not considered the primary beneficiary of the trusts. FHN has no contractual requirements to provide financial support to the trusts. | ||||||||||||||||||||
Commercial Loan Troubled Debt Restructurings. For certain troubled commercial loans, FTBNA restructures the terms of the borrower's debt in an effort to increase the probability of receipt of amounts contractually due. Following a troubled debt restructuring, the borrower entity typically meets the definition of a VIE as the initial determination of whether an entity is a VIE must be reconsidered and economic events have proven that the entity's equity is not sufficient to permit it to finance its activities without additional subordinated financial support or a restructuring of the terms of its financing. As FTBNA does not have the power to direct the activities that most significantly impact such troubled commercial borrowers' operations, it is not considered the primary beneficiary even in situations where, based on the size of the financing provided, FTBNA is exposed to potentially significant benefits and losses of the borrowing entity. FTBNA has no contractual requirements to provide financial support to the borrowing entities beyond certain funding commitments established upon restructuring of the terms of the debt that allows for preparation of the underlying collateral for sale. | ||||||||||||||||||||
Managed Discretionary Trusts. FHN serves as manager over certain discretionary trusts, for which it makes investment decisions on behalf of the trusts' beneficiaries in return for a reasonable management fee. The trusts meet the definition of a VIE since the holders of the equity investments at risk do not have the power, through voting rights or similar rights, to direct the activities that most significantly impact the entities' economic performance. The management fees FHN receives are not considered variable interests in the trusts as all of the requirements related to permitted levels of decision maker fees are met. Therefore, the VIEs are not consolidated by FHN as it is not the trusts' primary beneficiary. FHN has no contractual requirements to provide financial support to the trusts. | ||||||||||||||||||||
The following table summarizes FHN’s nonconsolidated VIEs as of September 30, 2013: | ||||||||||||||||||||
Maximum | Liability | |||||||||||||||||||
(Dollars in thousands) | Loss Exposure | Recognized | Classification | |||||||||||||||||
Type | ||||||||||||||||||||
Low income housing partnerships (a) (b) | $ | 53,123 | $ | - | Other assets | |||||||||||||||
New market tax credit LLCs (b) (c) | 23,014 | - | Other assets | |||||||||||||||||
Small issuer trust preferred holdings (d) | 402,307 | - | Loans, net of unearned income | |||||||||||||||||
On-balance sheet trust preferred securitization | 54,314 | 59,860 | (e) | |||||||||||||||||
Proprietary trust preferred issuances (f) | N/A | 206,186 | Term borrowings | |||||||||||||||||
Proprietary and agency residential mortgage securitizations | 409,429 | - | (g) | |||||||||||||||||
On-balance sheet consumer loan securitizations | 21,084 | 235,874 | (h) | |||||||||||||||||
Holdings of agency mortgage-backed securities (d) | 3,398,870 | - | (i) | |||||||||||||||||
Short positions in agency mortgage-backed securities (f) | N/A | 1,545 | Trading liabilities | |||||||||||||||||
Commercial loan troubled debt restructurings (j) (k) | 73,127 | - | Loans, net of unearned income | |||||||||||||||||
Managed discretionary trusts (f) | N/A | N/A | N/A | |||||||||||||||||
Maximum loss exposure represents $46.1 million of current investments and $7.0 million of contractual funding commitments. Only the current investment amount is included in Other assets. | ||||||||||||||||||||
A liability is not recognized as investments are written down over the life of the related tax credit. | ||||||||||||||||||||
Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises. | ||||||||||||||||||||
Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities. | ||||||||||||||||||||
Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $59.9 million classified as Term borrowings. | ||||||||||||||||||||
No exposure to loss due to the nature of FHN's involvement. | ||||||||||||||||||||
Includes $72.9 million and $31.8 million classified as MSR and $7.3 million and $8.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $289.1 million are classified as Other assets. | ||||||||||||||||||||
Includes $257.0 million classified as Loans, net of unearned income which are offset by $235.9 million classified as Term borrowings. | ||||||||||||||||||||
Includes $498.3 million classified as Trading securities and $2.9 billion classified as Securities available-for-sale. | ||||||||||||||||||||
Maximum loss exposure represents $70.2 million of current receivables and $2.9 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. | ||||||||||||||||||||
A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations. | ||||||||||||||||||||
The following table summarizes FHN's nonconsolidated VIEs as of September 30, 2012: | ||||||||||||||||||||
Maximum | Liability | |||||||||||||||||||
(Dollars in thousands) | Loss Exposure | Recognized | Classification | |||||||||||||||||
Type | ||||||||||||||||||||
Low income housing partnerships (a) (b) | $ | 57,030 | $ | - | Other assets | |||||||||||||||
New market tax credit LLCs (b) (c) | 20,312 | - | Other assets | |||||||||||||||||
Small issuer trust preferred holdings (d) | 446,045 | - | Loans, net of unearned income | |||||||||||||||||
On-balance sheet trust preferred securitization | 60,662 | 53,511 | (e) | |||||||||||||||||
Proprietary trust preferred issuances (f) | N/A | 206,186 | Term borrowings | |||||||||||||||||
Proprietary and agency residential mortgage securitizations | 425,741 | - | (g) | |||||||||||||||||
On-balance sheet consumer loan securitizations | 6,654 | 302,633 | (h) | |||||||||||||||||
Holdings of agency mortgage-backed securities (d) | 3,462,956 | - | (i) | |||||||||||||||||
Short positions in agency mortgage-backed securities (f) | N/A | 13,221 | Trading liabilities | |||||||||||||||||
Commercial loan troubled debt restructurings (j) (k) | 95,681 | - | Loans, net of unearned income | |||||||||||||||||
Managed discretionary trusts (f) | N/A | N/A | N/A | |||||||||||||||||
Maximum loss exposure represents $56.5 million of current investments and $.5 million of contractual funding commitments. Only the current investment amount is included in Other assets. | ||||||||||||||||||||
A liability is not recognized as investments are written down over the life of the related tax credit. | ||||||||||||||||||||
Maximum loss exposure represents current investment balance. Of the initial investment $15.3 million was funded through loans from community development enterprises. | ||||||||||||||||||||
Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities. | ||||||||||||||||||||
Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $53.7 million classified as Term borrowings. | ||||||||||||||||||||
No exposure to loss due to the nature of FHN's involvement. | ||||||||||||||||||||
Includes $71.5 million and $34.4 million classified as MSR and $8.4 million and $10.8 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $300.6 million are classified as Other assets. | ||||||||||||||||||||
Includes $309.3 million as Loans, net of unearned income which are offset by $302.6 million classified as Term borrowings. | ||||||||||||||||||||
Includes $636.8 million classified as Trading securities and $2.8 billion classified as Securities available-for-sale. | ||||||||||||||||||||
Maximum loss exposure represents $94.3 million of current receivables and $1.4 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. | ||||||||||||||||||||
A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations. | ||||||||||||||||||||
See Note 10 – Contingencies and Other Disclosures for information regarding FHN's repurchase exposure for claims that FHN breached its standard representations and warranties made in connection with the sale of loans to proprietary and agency residential mortgage securitization trusts. |
Derivatives
Derivatives | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivatives [Abstract] | ' | ||||||||||||||||||||||||
Derivatives | ' | ||||||||||||||||||||||||
Note 15 – Derivatives | |||||||||||||||||||||||||
In the normal course of business, FHN utilizes various financial instruments (including derivative contracts and credit-related agreements) through its legacy mortgage servicing operations, capital markets, and risk management operations, as part of its risk management strategy and as a means to meet customers' needs. These instruments are subject to credit and market risks in excess of the amount recorded on the balance sheet as required by GAAP. The contractual or notional amounts of these financial instruments do not necessarily represent credit or market risk. However, they can be used to measure the extent of involvement in various types of financial instruments. Controls and monitoring procedures for these instruments have been established and are routinely reevaluated. The Asset/Liability Committee (“ALCO”) monitors the usage and effectiveness of these financial instruments. | |||||||||||||||||||||||||
Credit risk represents the potential loss that may occur if a party to a transaction fails to perform according to the terms of the contract. The measure of credit exposure is the replacement cost of contracts with a positive fair value. FHN manages credit risk by entering into financial instrument transactions through national exchanges, primary dealers or approved counterparties, and using mutual margining and master netting agreements whenever possible to limit potential exposure. FHN also maintains collateral posting requirements with certain counterparties to limit credit risk. On September 30, 2013 and 2012, respectively, FHN had $111.7 million and $197.4 million of cash receivables and $90.1 million and $153.3 million of cash payables related to collateral posting under master netting arrangements, inclusive of collateral posted related to contracts with adjustable collateral posting thresholds and over collateralized positions, with derivative counterparties. With exchange-traded contracts, the credit risk is limited to the clearinghouse used. For non-exchange traded instruments, credit risk may occur when there is a gain in the fair value of the financial instrument and the counterparty fails to perform according to the terms of the contract and/or when the collateral proves to be of insufficient value. See additional discussion regarding master netting agreements and collateral posting requirements later in this note under the heading “Master Netting and Similar Agreements.” Market risk represents the potential loss due to the decrease in the value of a financial instrument caused primarily by changes in interest rates, mortgage loan prepayment speeds, or the prices of debt instruments. FHN manages market risk by establishing and monitoring limits on the types and degree of risk that may be undertaken. FHN continually measures this risk through the use of models that measure value-at-risk and earnings-at-risk. | |||||||||||||||||||||||||
Derivative Instruments. FHN enters into various derivative contracts both in a dealer capacity, to facilitate customer transactions, and as a risk management tool. Where contracts have been created for customers, FHN enters into transactions with dealers to offset its risk exposure. Contracts with dealers that require central clearing are novated to a clearing agent who becomes FHN's counterparty. Derivatives are also used as a risk management tool to hedge FHN's exposure to changes in interest rates or other defined market risks. | |||||||||||||||||||||||||
Forward contracts are over-the-counter contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Futures contracts are exchange-traded contracts where two parties agree to purchase and sell a specific quantity of a financial instrument at a specified price, with delivery or settlement at a specified date. Interest rate option contracts give the purchaser the right, but not the obligation, to buy or sell a specified quantity of a financial instrument, at a specified price, during a specified period of time. Caps and floors are options that are linked to a notional principal amount and an underlying indexed interest rate. Interest rate swaps involve the exchange of interest payments at specified intervals between two parties without the exchange of any underlying principal. Swaptions are options on interest rate swaps that give the purchaser the right, but not the obligation, to enter into an interest rate swap agreement during a specified period of time. | |||||||||||||||||||||||||
Legacy Mortgage Servicing Operations | |||||||||||||||||||||||||
Retained Interests | |||||||||||||||||||||||||
FHN revalues MSR to current fair value each month with changes in fair value included in servicing income in Mortgage banking noninterest income on the Consolidated Condensed Statements of Income. In third quarter 2013, in conjunction with the agreement to sell legacy mortgage servicing, FHN removed all hedges associated with MSR and interest-only securities. FHN hedged the MSR to minimize the effects of loss in value of MSR associated with increased prepayment activity that generally results from declining interest rates. In a rising interest rate environment, the value of the MSR generally will increase while the value of the hedge instruments will decline. FHN entered into interest rate contracts (potentially including swaps, swaptions, and mortgage forward purchase contracts) to hedge against the effects of changes in fair value of its MSR. Substantially all capitalized MSR were hedged for economic purposes. | |||||||||||||||||||||||||
FHN utilized derivatives as an economic hedge (potentially including swaps, swaptions, and mortgage forward purchase contracts) to protect the value of its interest-only securities that change in value inversely to the movement of interest rates. Interest-only securities are included in Trading securities on the Consolidated Condensed Statements of Condition. Changes in the fair value of these derivatives and the hedged interest-only securities are recognized currently in earnings in Mortgage banking noninterest income as a component of servicing income on the Consolidated Condensed Statements of Income. | |||||||||||||||||||||||||
The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||
Retained Interests Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Forwards and Futures | $ | - | $ | - | $ | - | $ | 159 | $ | -3,047 | |||||||||||||||
Interest Rate Swaps and Swaptions | $ | - | $ | - | $ | - | $ | 1,305 | $ | -4,275 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Mortgage Servicing Rights | N/A | $ | 114,318 | N/A | $ | 9,844 | $ | 20,174 | |||||||||||||||||
Other Retained Interests | N/A | $ | 15,714 | N/A | $ | 1,628 | $ | 3,422 | |||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||
Retained Interests Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Forwards and Futures | $ | 20,000 | $ | 542 | $ | - | $ | 207 | $ | 9,839 | |||||||||||||||
Interest Rate Swaps and Swaptions | $ | 1,837,600 | $ | 6,693 | $ | 4,282 | $ | 4,580 | $ | 5,498 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Mortgage Servicing Rights | N/A | $ | 117,522 | N/A | $ | -1,279 | $ | -379 | |||||||||||||||||
Other Retained Interests | N/A | $ | 19,201 | N/A | $ | 978 | $ | 425 | |||||||||||||||||
Capital Markets | |||||||||||||||||||||||||
Capital markets trades U.S. Treasury, U.S. Agency, mortgage-backed, corporate and municipal fixed income securities, and other securities principally for distribution to customers. When these securities settle on a delayed basis, they are considered forward contracts. Capital markets also enters into interest rate contracts, including caps, swaps, and floors, for its customers. In addition, capital markets enters into futures and option contracts to economically hedge interest rate risk associated with a portion of its securities inventory. These transactions are measured at fair value, with changes in fair value recognized currently in Capital markets noninterest income. Related assets and liabilities are recorded on the Consolidated Condensed Statements of Condition as Derivative assets and Derivative liabilities. The FTN Financial Risk Committee and the Credit Risk Management Committee collaborate to mitigate credit risk related to these transactions. Credit risk is controlled through credit approvals, risk control limits, and ongoing monitoring procedures. Total trading revenues were $54.4 million and $74.5 million for the three months ended September 30, 2013 and 2012, respectively, and $180.9 million and $242.0 million for the nine months ended September 30, 2013 and 2012, respectively. Total revenues are inclusive of both derivative and non-derivative financial instruments, and are included in Capital markets noninterest income. | |||||||||||||||||||||||||
The following table summarizes FHN’s derivatives associated with capital markets trading activities as of September 30, 2013 and 2012: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | ||||||||||||||||||||||
Customer Interest Rate Contracts | $ | 1,742,060 | $ | 88,154 | $ | 6,880 | |||||||||||||||||||
Offsetting Upstream Interest Rate Contracts | 1,742,060 | 6,880 | 88,154 | ||||||||||||||||||||||
Forwards and Futures Purchased | 1,664,813 | 208 | 9,296 | ||||||||||||||||||||||
Forwards and Futures Sold | 2,038,677 | 16,669 | 474 | ||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | ||||||||||||||||||||||
Customer Interest Rate Contracts | $ | 1,439,306 | $ | 137,958 | $ | 923 | |||||||||||||||||||
Offsetting Upstream Interest Rate Contracts | 1,439,306 | 923 | 137,958 | ||||||||||||||||||||||
Option Contracts Purchased | 5,000 | 1 | - | ||||||||||||||||||||||
Forwards and Futures Purchased | 4,361,583 | 1,173 | 10,662 | ||||||||||||||||||||||
Forwards and Futures Sold | 4,706,866 | 13,147 | 1,762 | ||||||||||||||||||||||
Interest Rate Risk Management | |||||||||||||||||||||||||
FHN's ALCO focuses on managing market risk by controlling and limiting earnings volatility attributable to changes in interest rates. Interest rate risk exists to the extent that interest-earning assets and interest-bearing liabilities have different maturity or repricing characteristics. FHN uses derivatives, including swaps, caps, options, and collars, that are designed to moderate the impact on earnings as interest rates change. Interest paid or received for swaps utilized by FHN to hedge the fair value of long term debt was recognized as an adjustment of the interest expense of the liabilities whose risk is being managed. FHN's interest rate risk management policy is to use derivatives to hedge interest rate risk or market value of assets or liabilities, not to speculate. In addition, FHN has entered into certain interest rate swaps and caps as a part of a product offering to commercial customers that includes customer derivatives paired with offsetting market instruments that, when completed, are designed to mitigate interest rate risk. These contracts do not qualify for hedge accounting and are measured at fair value with gains or losses included in current earnings in Noninterest expense on the Consolidated Condensed Statements of Income. | |||||||||||||||||||||||||
FHN has entered into pay floating, receive fixed interest rate swaps to hedge the interest rate risk of certain term borrowings totaling $554.0 million and $904.0 million on September 30, 2013 and 2012, respectively. These swaps have been accounted for as fair value hedges under the shortcut method. The balance sheet amount of these swaps was $46.1 million and $81.3 million in Derivative assets on September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||
FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on its $500 million noncallable senior debt maturing in December 2015. This derivative qualifies for hedge accounting under ASC 815-20 using the long-haul method. FHN entered into a pay floating, receive fixed interest rate swap to hedge the interest rate risk on this debt. The balance sheet amount of this swap was $20.0 million and $29.5 million in Derivative assets as of September 30, 2013 and 2012, respectively. There was no ineffectiveness related to this hedge. | |||||||||||||||||||||||||
FHN designates derivative transactions in hedging strategies to manage interest rate risk on subordinated debt related to its trust preferred securities. These qualify for hedge accounting under ASC 815-20 using the long-haul method. FHN hedges the interest rate risk of the subordinated debt totaling $200 million using pay floating, receive fixed interest rate swaps. The balance sheet amount of these swaps was $19.6 million in Derivative liabilities on September 30, 2013 and $.4 million in Derivative assets on September 30, 2012. There was no ineffectiveness related to these hedges. In April and October 2012, the counterparty called the swaps associated with the $200 million of subordinated debt. FHN discontinued hedge accounting and the cumulative basis adjustments to the associated subordinated debt are being amortized as an adjustment to interest expense over its remaining term. FHN entered into a new interest rate swap to hedge the interest rate risk associated with this debt. | |||||||||||||||||||||||||
The following tables summarize FHN’s derivatives associated with interest rate risk management activities for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-13 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||
Customer Interest Rate Contracts Hedging | |||||||||||||||||||||||||
Hedging Instruments and Hedged Items: | |||||||||||||||||||||||||
Customer Interest Rate Contracts (a) | $ | 801,260 | $ | 34,703 | $ | 2,452 | $ | -1,464 | $ | -22,673 | |||||||||||||||
Offsetting Upstream Interest Rate Contracts (a) | $ | 817,901 | $ | 2,453 | $ | 35,203 | $ | 1,465 | $ | 23,374 | |||||||||||||||
Debt Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps (b) | $ | 1,254,000 | $ | 66,049 | $ | 19,622 | $ | -6,430 | $ | -48,777 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Term Borrowings (b) | N/A | N/A | $ | 1,254,000 | (c) | $ | 6,430 | (d) | $ | 48,777 | (d) | ||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-12 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||
Customer Interest Rate Contracts Hedging | |||||||||||||||||||||||||
Hedging Instruments and Hedged Items: | |||||||||||||||||||||||||
Customer Interest Rate Contracts (a) | $ | 975,213 | $ | 61,984 | $ | 362 | $ | -3,971 | $ | -7,554 | |||||||||||||||
Offsetting Upstream Interest Rate Contracts (a) | $ | 975,213 | $ | 362 | $ | 63,384 | $ | 4,071 | $ | 8,254 | |||||||||||||||
Debt Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps (b) | $ | 1,604,000 | $ | 111,240 | $ | - | $ | -2,481 | $ | -15,642 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Term Borrowings (b) | N/A | N/A | $ | 1,604,000 | (c) | $ | 2,481 | (d) | $ | 15,642 | (d) | ||||||||||||||
Gains/losses included in the 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. | |||||||||||||||||||||||||
FHN hedges held-to-maturity trust preferred loans with a principal balance of $6.5 million and $128.8 million as of September 30, 2013 and 2012, respectively, which have an initial fixed rate term of five years before conversion to a floating rate. FHN has entered into pay fixed, receive floating interest rate swaps to hedge the interest rate risk associated with this initial five-year term. These hedge relationships qualify as fair value hedges under ASC 815-20. The impact of these swaps was $1.1 million and $3.4 million in Derivative liabilities on the Consolidated Condensed Statements of Condition as of September 30, 2013 and 2012, respectively. Interest paid or received for these swaps was recognized as an adjustment of the interest income of the assets whose risk is being hedged. Basis adjustments remaining at the end of the hedge term are being amortized as an adjustment to interest income over the remaining life of the loans. Gains or losses are included in Other income and commissions on the Consolidated Condensed Statements of Income. | |||||||||||||||||||||||||
The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-13 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||
Loan Portfolio Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps | $ | 6,500 | N/A | $ | 1,091 | $ | 27 | $ | 951 | ||||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Trust Preferred Loans (a) | N/A | $ | 6,500 | (b) | N/A | $ | -25 | (c) | $ | -946 | (c) | ||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-12 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||
Loan Portfolio Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps | $ | 128,750 | N/A | $ | 3,411 | $ | 1,625 | $ | 5,398 | ||||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Trust Preferred Loans (a) | N/A | $ | 128,750 | (b) | N/A | $ | -1,601 | (c) | $ | -5,356 | (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. | |||||||||||||||||||||||||
Other Derivatives | |||||||||||||||||||||||||
In conjunction with the sales of a portion of its Visa Class B shares, FHN and the purchaser entered into derivative transactions whereby FHN will make or receive cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. As of September 30, 2013, the derivative liabilities associated with the sales of Visa Class B shares were $2.7 million compared to $2.3 million as of September 30, 2012. See the Visa Matters section of Note 10 – Contingencies and Other Disclosures for more information regarding FHN's Visa shares. | |||||||||||||||||||||||||
FHN utilizes cross currency swaps and cross currency interest rate swaps to economically hedge its exposure to foreign currency risk and interest rate risk associated with non-U.S. dollar denominated loans. As of September 30, 2013 and 2012, these loans were valued at $.6 million and $.7 million, respectively. As of September 30, 2013 and 2012, the balance sheet amount and the gains/losses associated with these derivatives were not material. | |||||||||||||||||||||||||
Master Netting and Similar Arrangements | |||||||||||||||||||||||||
As previously discussed, FHN uses master netting agreements, mutual margining agreements and collateral posting requirements to minimize credit risk on derivative contracts. Master netting and similar agreements are used when counterparties have multiple derivatives contracts that allow for a “right of setoff,” meaning that a counterparty may net offsetting positions and collateral with the same counterparty under the contract to determine a net receivable or payable. The following discussion provides an overview of these arrangements which may vary due to the derivative type and market in which a derivative transaction is executed. | |||||||||||||||||||||||||
Interest rate derivatives are subject to agreements consistent with those of the International Swap and Derivatives Association (“ISDA”). Currently, all interest rate derivative contracts are entered into as over-the-counter transactions and collateral posting requirements are based on the net asset or liability position with each respective counterparty. For contracts that require central clearing, novation to a clearing agent occurs and collateral is posted. Cash collateral received (posted) for interest rate derivatives is recognized as a liability (asset) on FHN's balance sheet. | |||||||||||||||||||||||||
Interest rate derivatives with smaller financial institutions typically require posting of collateral by the counterparty to FHN. This collateral is subject to a threshold with daily adjustments based upon changes in the level or fair value of the derivative position. Positions and related collateral can be netted in the event of default. Collateral pledged by a counterparty is typically cash or securities. The securities pledged as collateral are not recognized within FHN's Consolidated Condensed Statements of Condition. Interest rate derivatives associated with lending arrangements share the collateral with the related loan(s). The derivative and loan positions may be netted in the event of default. For disclosure purposes, the entire collateral amount is allocated to the loan. | |||||||||||||||||||||||||
Interest rate derivatives with larger financial institutions entered into prior to required central clearing typically contain provisions whereby the collateral posting thresholds under the agreements adjust based on the credit ratings of both counterparties. If the credit rating of FHN and/or FTBNA is lowered, FHN could be required to post additional collateral with the counterparties. Conversely, if the credit rating of FHN and/or FTBNA is increased, FHN could have collateral released and be required to post less collateral in the future. Also, if a counterparty's credit ratings were to decrease, FHN and/or FTBNA could request the posting of additional collateral; whereas if a counterparty's credit ratings were to increase, the counterparty could request the release of excess collateral. Collateral for these arrangements is adjusted daily based on changes in the net fair value position with each counterparty. | |||||||||||||||||||||||||
The net fair value, determined by individual counterparty, of all derivative instruments with adjustable collateral posting thresholds was $144.5 million of assets and $110.3 million of liabilities on September 30, 2013, and $256.3 million of assets and $187.5 million of liabilities on September 30, 2012. As of September 30, 2013 and 2012, FHN had received collateral of $213.2 million and $288.8 million and posted collateral of $102.5 million and $188.2 million, respectively, in the normal course of business related to these agreements. | |||||||||||||||||||||||||
Certain agreements entered into prior to required central clearing also contain accelerated termination provisions, inclusive of the right of offset, if a counterparty's credit rating falls below a specified level. If a counterparty's debt rating (including FHN's and FTBNA's) were to fall below these minimums, these provisions would be triggered, and the counterparties could terminate the agreements and request immediate settlement of all derivative contracts under the agreements. The net fair value, determined by individual counterparty, of all derivative instruments with credit-risk-related contingent accelerated termination provisions was $144.5 million of assets and $27.1 million of liabilities on September 30, 2013, and $255.8 million of assets and $41.9 million of liabilities on September 30, 2012. As of September 30, 2013 and 2012, FHN had received collateral of $213.2 million and $288.8 million and posted collateral of $24.4 million and $46.4 million, respectively, in the normal course of business related to these contracts. | |||||||||||||||||||||||||
Capital Markets buys and sells various types of securities for its customers. When these securities settle on a delayed basis, they are considered forward contracts, and are generally not subject to master netting agreements. Forwards purchased and sold through banking activities typically consisted of mortgage to be announced ("TBA") trades for which FHN utilized a clearinghouse for settlement. In the event of default, all open positions can be offset. For futures and options, FHN transacts through a third party, and the transactions are subject to margin and collateral maintenance requirements. In the event of default, open positions can be offset along with the associated collateral. | |||||||||||||||||||||||||
For this disclosure, FHN considers the impact of master netting and other similar agreements which allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net derivative asset or liability position with the related securities and cash collateral. The application of the collateral cannot reduce the net derivative asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below. | |||||||||||||||||||||||||
The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of September 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: | |||||||||||||||||||||||||
2013 (b) | $ | 198,238 | $ | - | $ | 198,238 | $ | -36,770 | $ | -161,468 | $ | - | |||||||||||||
2012 (b) | 319,702 | - | 319,702 | -20,218 | -273,730 | 25,754 | |||||||||||||||||||
Included in Derivative Assets on the Consolidated Condensed Statements of Condition. As of September 30, 2013 and 2012, $16.9 million and $14.3 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. | |||||||||||||||||||||||||
2013 is comprised entirely of interest rate derivative contracts. 2012 includes $319.2 million of interest rate derivative contracts and $.5 million of forwards and futures contracts. | |||||||||||||||||||||||||
The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of September 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: | |||||||||||||||||||||||||
2013 (b) | $ | 153,403 | $ | - | $ | 153,403 | $ | -36,770 | $ | -109,079 | $ | 7,554 | |||||||||||||
2012 (b) | 210,320 | - | 210,320 | -20,218 | -185,230 | 4,872 | |||||||||||||||||||
Included in Derivative Liabilities on the Consolidated Condensed Statements of Condition. As of September 30, 2013 and 2012, $12.5 million and $14.8 million, respectively, of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. | |||||||||||||||||||||||||
2013 and 2012 includes $153.4 million and $210.3 million, respectively, of interest rate derivative contracts. | |||||||||||||||||||||||||
Master_Netting_And_Similar_Agr
Master Netting And Similar Agreements | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Master Netting Agreements And Similar Arrangements [Abstract] | ' | ||||||||||||||||||
Master Netting Agreements And Similar Arrangements | ' | ||||||||||||||||||
Note 16 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions | |||||||||||||||||||
For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default. Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN's capital markets' business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN's repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement. For asset positions, the collateral is not included on FHN's Consolidated Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN's trading or available-for-sale securities portfolios. | |||||||||||||||||||
For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below. | |||||||||||||||||||
The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of September 30: | |||||||||||||||||||
Gross amounts not offset in the | |||||||||||||||||||
Statement of Condition | |||||||||||||||||||
Gross amounts | Net amounts of | Offsetting | Securities collateral | ||||||||||||||||
Gross amounts | offset in the | assets presented | securities sold | (not recognized on | |||||||||||||||
of recognized | Statement of | in the Statement | under agreements | FHN's Statement | |||||||||||||||
(Dollars in thousands) | assets | Condition | of Condition | to repurchase | of Condition) | Net amount | |||||||||||||
Securities purchased under agreements to resell: | |||||||||||||||||||
2013 | $ | 576,355 | $ | - | $ | 576,355 | $ | -30,584 | $ | -537,810 | $ | 7,961 | |||||||
2012 | 517,263 | - | 517,263 | -2,068 | -509,707 | 5,488 | |||||||||||||
The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of September 30: | |||||||||||||||||||
Gross amounts not offset in the | |||||||||||||||||||
Statement of Condition | |||||||||||||||||||
Gross amounts | Net amounts of | Offsetting | |||||||||||||||||
Gross amounts | offset in the | liabilities presented | securities | ||||||||||||||||
of recognized | Statement of | in the Statement | purchased under | Securities | |||||||||||||||
(Dollars in thousands) | liabilities | Condition | of Condition | agreements to resell | Collateral | Net amount | |||||||||||||
Securities sold under agreements to repurchase: | |||||||||||||||||||
2013 | $ | 427,232 | $ | - | $ | 427,232 | $ | -30,584 | $ | -396,639 | $ | 9 | |||||||
2012 | 443,370 | - | 443,370 | -2,068 | -441,273 | 29 |
Fair_Value_Of_Assets_And_Liabi
Fair Value Of Assets And Liabilities | 9 Months Ended | |||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||
Fair Value Of Assets And Liabilities [Abstract] | ' | |||||||||||||||||||||||||||||
Fair Value Of Assets And Liabilities | ' | |||||||||||||||||||||||||||||
Note 17 – Fair Value of Assets & Liabilities | ||||||||||||||||||||||||||||||
FHN groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. This hierarchy requires FHN to maximize the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. Each fair value measurement is placed into the proper level based on the lowest level of significant input. These levels are: | ||||||||||||||||||||||||||||||
Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets. | ||||||||||||||||||||||||||||||
Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. | ||||||||||||||||||||||||||||||
Level 3 - Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models, and similar techniques. | ||||||||||||||||||||||||||||||
Transfers between fair value levels are recognized at the end of the fiscal quarter in which the associated change in inputs occurs. | ||||||||||||||||||||||||||||||
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, 2013: | ||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Trading securities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 86,986 | $ | - | $ | 86,986 | ||||||||||||||||||||||
Government agency issued MBS | - | 407,876 | - | 407,876 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 90,420 | - | 90,420 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 149,867 | - | 149,867 | ||||||||||||||||||||||||||
States and municipalities | - | 17,828 | - | 17,828 | ||||||||||||||||||||||||||
Trading Loans | - | 145,505 | - | 145,505 | ||||||||||||||||||||||||||
Corporate and other debt | - | 427,559 | 5 | 427,564 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 1,374 | - | 1,374 | ||||||||||||||||||||||||||
Total trading securities - capital markets | - | 1,327,415 | 5 | 1,327,420 | ||||||||||||||||||||||||||
Trading securities - mortgage banking: | ||||||||||||||||||||||||||||||
Principal only | - | - | 5,096 | 5,096 | ||||||||||||||||||||||||||
Interest only | - | - | 10,618 | 10,618 | ||||||||||||||||||||||||||
Total trading securities - mortgage banking | - | - | 15,714 | 15,714 | ||||||||||||||||||||||||||
Loans held-for-sale | - | - | 229,760 | 229,760 | ||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||
U.S. treasuries | - | 39,996 | - | 39,996 | ||||||||||||||||||||||||||
Government agency issued MBS | - | 875,452 | - | 875,452 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 2,025,121 | - | 2,025,121 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | - | 2,528 | 2,528 | ||||||||||||||||||||||||||
States and municipalities | - | 13,655 | 1,500 | 15,155 | ||||||||||||||||||||||||||
Venture capital | - | - | 4,300 | 4,300 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | 20,267 | - | - | 20,267 | ||||||||||||||||||||||||||
Total securities available-for-sale | 20,267 | 2,954,224 | 8,328 | 2,982,819 | ||||||||||||||||||||||||||
Mortgage servicing rights | - | - | 116,686 | 116,686 | ||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||
Deferred compensation assets | 23,193 | - | - | 23,193 | ||||||||||||||||||||||||||
Derivatives, forwards and futures | 16,877 | - | - | 16,877 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 198,239 | - | 198,239 | ||||||||||||||||||||||||||
Total other assets | 40,070 | 198,239 | - | 238,309 | ||||||||||||||||||||||||||
Total assets | $ | 60,337 | $ | 4,479,878 | $ | 370,493 | $ | 4,910,708 | ||||||||||||||||||||||
Trading liabilities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 312,315 | $ | - | $ | 312,315 | ||||||||||||||||||||||
Government agency issued MBS | - | 521 | - | 521 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 1,024 | - | 1,024 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 30,253 | - | 30,253 | ||||||||||||||||||||||||||
States and municipalities | - | 335 | - | 335 | ||||||||||||||||||||||||||
Corporate and other debt | - | 237,953 | - | 237,953 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 3,568 | - | 3,568 | ||||||||||||||||||||||||||
Total trading liabilities - capital markets | - | 585,969 | - | 585,969 | ||||||||||||||||||||||||||
Other short-term borrowings | - | - | 11,715 | 11,715 | ||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||
Derivatives, forwards and futures | 9,770 | - | - | 9,770 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 153,402 | - | 153,402 | ||||||||||||||||||||||||||
Derivatives, other | - | 1 | 2,745 | 2,746 | ||||||||||||||||||||||||||
Total other liabilities | 9,770 | 153,403 | 2,745 | 165,918 | ||||||||||||||||||||||||||
Total liabilities | $ | 9,770 | $ | 739,372 | $ | 14,460 | $ | 763,602 | ||||||||||||||||||||||
The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2012: | ||||||||||||||||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Trading securities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 124,722 | $ | - | $ | 124,722 | ||||||||||||||||||||||
Government agency issued MBS | - | 564,425 | - | 564,425 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 72,340 | - | 72,340 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 82,736 | - | 82,736 | ||||||||||||||||||||||||||
States and municipalities | - | 31,817 | - | 31,817 | ||||||||||||||||||||||||||
Corporate and other debt | - | 308,309 | 5 | 308,314 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 811 | - | 811 | ||||||||||||||||||||||||||
Total trading securities - capital markets | - | 1,185,160 | 5 | 1,185,165 | ||||||||||||||||||||||||||
Trading securities - mortgage banking: | ||||||||||||||||||||||||||||||
Principal only | - | 5,462 | - | 5,462 | ||||||||||||||||||||||||||
Interest only | - | - | 13,739 | 13,739 | ||||||||||||||||||||||||||
Total trading securities - mortgage banking | - | 5,462 | 13,739 | 19,201 | ||||||||||||||||||||||||||
Loans held-for-sale | - | 10,996 | 213,639 | 224,635 | ||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||
U.S. treasuries | - | 54,996 | - | 54,996 | ||||||||||||||||||||||||||
Government agency issued MBS | - | 1,271,450 | - | 1,271,450 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 1,554,741 | - | 1,554,741 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | - | 4,202 | 4,202 | ||||||||||||||||||||||||||
States and municipalities | - | 16,470 | 1,500 | 17,970 | ||||||||||||||||||||||||||
Corporate and other debt | 517 | - | - | 517 | ||||||||||||||||||||||||||
Venture capital | - | - | 9,000 | 9,000 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | 13,277 | - | - | 13,277 | ||||||||||||||||||||||||||
Total securities available-for-sale | 13,794 | 2,897,657 | 14,702 | 2,926,153 | ||||||||||||||||||||||||||
Mortgage servicing rights | - | - | 120,537 | 120,537 | ||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||
Deferred compensation assets | 23,301 | - | - | 23,301 | ||||||||||||||||||||||||||
Derivatives, forwards and futures | 14,862 | - | - | 14,862 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 319,163 | - | 319,163 | ||||||||||||||||||||||||||
Total other assets | 38,163 | 319,163 | - | 357,326 | ||||||||||||||||||||||||||
Total assets | $ | 51,957 | $ | 4,418,438 | $ | 362,622 | $ | 4,833,017 | ||||||||||||||||||||||
Trading liabilities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 350,434 | $ | - | $ | 350,434 | ||||||||||||||||||||||
Government agency issued MBS | - | 5,125 | - | 5,125 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 8,096 | - | 8,096 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 4,439 | - | 4,439 | ||||||||||||||||||||||||||
States and municipalities | - | 1,109 | - | 1,109 | ||||||||||||||||||||||||||
Corporate and other debt | - | 146,750 | - | 146,750 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 1,017 | - | 1,017 | ||||||||||||||||||||||||||
Total trading liabilities - capital markets | - | 516,970 | - | 516,970 | ||||||||||||||||||||||||||
Other short-term borrowings | - | - | 11,585 | 11,585 | ||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||
Derivatives, forwards and futures | 12,424 | - | - | 12,424 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 210,320 | - | 210,320 | ||||||||||||||||||||||||||
Derivatives, other | - | - | 2,340 | 2,340 | ||||||||||||||||||||||||||
Total other liabilities | 12,424 | 210,320 | 2,340 | 225,084 | ||||||||||||||||||||||||||
Total liabilities | $ | 12,424 | $ | 727,290 | $ | 13,925 | $ | 753,639 | ||||||||||||||||||||||
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, 2013 and 2012, on a recurring basis are summarized as follows: | ||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on July 1, 2013 | $ | 15,877 | $ | 235,080 | $ | 4,354 | $ | 4,300 | $ | 113,853 | $ | -2,195 | $ | -12,349 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 1,944 | -1,805 | - | - | 8,932 | -871 | 634 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -17 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 12,338 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | - | - | - | - | |||||||||||||||||||||||
Settlements | -2,102 | -11,390 | -309 | - | -6,099 | 321 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -4,463 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2013 | $ | 15,719 | $ | 229,760 | $ | 4,028 | $ | 4,300 | $ | 116,686 | $ | -2,745 | $ | -11,715 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 1,540 | (a) | $ | -1,805 | (a) | $ | - | $ | - | (b) | $ | 9,107 | (a) | $ | -871 | (d) | $ | 634 | (a) | ||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on July 1, 2012 | $ | 14,905 | $ | 214,560 | $ | 6,162 | $ | 9,000 | $ | 129,291 | $ | -3,505 | $ | -12,439 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 1,068 | -2,799 | - | - | -2,098 | 10 | 854 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -25 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 23,561 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | - | - | - | - | |||||||||||||||||||||||
Settlements | -2,229 | -11,107 | -435 | - | -6,656 | 1,155 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -10,576 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2012 | $ | 13,744 | $ | 213,639 | $ | 5,702 | $ | 9,000 | $ | 120,537 | $ | -2,340 | $ | -11,585 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 707 | (a) | $ | -2,799 | (a) | $ | - | $ | - | (b) | $ | -2,181 | (a) | $ | 10 | (d) | $ | 854 | (a) | ||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | ||||||||||||||||||||||||||||||
Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. | ||||||||||||||||||||||||||||||
Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income. | ||||||||||||||||||||||||||||||
Transfers out of recurring 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, 2013 and 2012, on a recurring basis are summarized as follows: | ||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on January 1, 2013 | $ | 17,992 | $ | 221,094 | $ | 5,253 | $ | 4,300 | $ | 114,311 | $ | -2,175 | $ | -11,156 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 4,474 | -3,940 | - | - | 20,267 | -1,522 | -559 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -93 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 49,847 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | - | - | - | - | |||||||||||||||||||||||
Settlements | -6,747 | -25,990 | -1,132 | - | -17,892 | 952 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -11,251 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2013 | $ | 15,719 | $ | 229,760 | $ | 4,028 | $ | 4,300 | $ | 116,686 | $ | -2,745 | $ | -11,715 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 3,127 | (a) | $ | -3,940 | (a) | $ | - | $ | - | (b) | $ | 20,424 | (a) | $ | -1,523 | (d) | $ | -559 | (a) | ||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on January 1, 2012 | $ | 18,059 | $ | 210,487 | $ | 7,262 | $ | 12,179 | $ | 144,069 | $ | -11,820 | $ | -14,833 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 2,847 | -849 | - | 5,071 | -4,541 | -1,601 | 3,248 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -195 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 41,313 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | -8,250 | - | - | - | |||||||||||||||||||||||
Settlements | -7,162 | -21,733 | -1,365 | - | -18,991 | 11,081 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -15,579 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2012 | $ | 13,744 | $ | 213,639 | $ | 5,702 | $ | 9,000 | $ | 120,537 | $ | -2,340 | $ | -11,585 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 1,595 | (a) | $ | -849 | (a) | $ | - | $ | - | (b) | $ | -3,800 | (a) | $ | -1,601 | (d) | $ | 3,248 | (a) | ||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | ||||||||||||||||||||||||||||||
Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. | ||||||||||||||||||||||||||||||
Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest 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. | ||||||||||||||||||||||||||||||
In fourth quarter 2012, FHN determined that the level of market information on prepayment speeds and discount rates associated with its principal only trading securities had become more limited. In response, FHN increased its use of unobservable inputs and transferred these balances to Level 3. | ||||||||||||||||||||||||||||||
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, 2013 and 2012, 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, 2013 | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | Net gains/(losses) | Net gains/(losses) | ||||||||||||||||||||||||
Loans held-for-sale - first mortgages | $ | - | $ | - | $ | 9,632 | $ | 9,632 | $ | 364 | $ | 304 | ||||||||||||||||||
Loans, net of unearned income (a) | - | - | 85,665 | 85,665 | -1,177 | -3,154 | ||||||||||||||||||||||||
Real estate acquired by foreclosure (b) | - | - | 50,030 | 50,030 | -327 | -3,279 | ||||||||||||||||||||||||
Other assets (c) | - | - | 69,115 | 69,115 | -1,153 | -4,199 | ||||||||||||||||||||||||
$ | -2,293 | $ | -10,328 | |||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||
Carrying value at September 30, 2012 | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | Net gains/(losses) | Net gains/(losses) | ||||||||||||||||||||||||
Loans held-for-sale - SBAs | $ | - | $ | 37,429 | $ | - | $ | 37,429 | $ | - | $ | 15 | ||||||||||||||||||
Loans held-for-sale - first mortgages | - | - | 13,467 | 13,467 | -671 | -355 | ||||||||||||||||||||||||
Loans, net of unearned income (a) | - | - | 128,626 | 128,626 | -44,608 | -61,958 | ||||||||||||||||||||||||
Real estate acquired by foreclosure (b) | - | - | 50,589 | 50,589 | -2,732 | -7,873 | ||||||||||||||||||||||||
Other assets (c) | - | - | 76,822 | 76,822 | -3,201 | -6,405 | ||||||||||||||||||||||||
$ | -51,212 | $ | -76,576 | |||||||||||||||||||||||||||
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. | ||||||||||||||||||||||||||||||
In first quarter 2013 and third quarter 2012, FHN exercised clean-up calls on first lien mortgage proprietary securitization trusts. In accordance with accounting requirements, FHN initially recognized the associated loans at fair value. Fair value was primarily determined through reference to observable inputs, including current market prices for similar loans. Since these loans were from the 2003 vintage, adjustments were made for the higher yields associated with the loans in comparison to more currently originated loans being sold. This resulted in recognition of an immaterial premium for these transactions. | ||||||||||||||||||||||||||||||
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, 2013 and 2012: | ||||||||||||||||||||||||||||||
(Dollars in Thousands) | ||||||||||||||||||||||||||||||
Fair Value at | ||||||||||||||||||||||||||||||
Level 3 Class | 30-Sep-13 | Valuation Techniques | Unobservable Input | Values Utilized | ||||||||||||||||||||||||||
Trading securities - mortgage | $ | 15,714 | Discounted cash flow | (a) | (a) | |||||||||||||||||||||||||
Loans held-for-sale - mortgages | 239,392 | Discounted cash flow | Prepayment speeds | 6% - 10% | ||||||||||||||||||||||||||
Credit spreads | 2% - 4% | |||||||||||||||||||||||||||||
Delinquency adjustment factor | 15% - 25% added to credit spread | |||||||||||||||||||||||||||||
Loss severity trends | 50% - 60% of UPB | |||||||||||||||||||||||||||||
Venture capital investments | 4,300 | Industry comparables | Adjustment for minority interest and small business status | 40% - 50% discount | ||||||||||||||||||||||||||
Discounted cash flow | Discount rate | 25% - 30% | ||||||||||||||||||||||||||||
Earnings capitalization rate | 20% - 25% | |||||||||||||||||||||||||||||
Mortgage servicing rights | 116,686 | Discounted cash flow | (a) | (a) | ||||||||||||||||||||||||||
Other short-term borrowings | 11,715 | Discounted cash flow | (b) | (b) | ||||||||||||||||||||||||||
Derivative liabilities, other | 2,745 | Discounted cash flow | Visa covered litigation resolution amount | $4.4 billion - $5.0 billion | ||||||||||||||||||||||||||
Probability of resolution scenarios | 10% - 50% | |||||||||||||||||||||||||||||
Time until resolution | 6 - 30 months | |||||||||||||||||||||||||||||
Loans, net of unearned income (c) | 85,665 | 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 (d) | 50,030 | Appraisals from comparable properties | Adjustment for value changes since appraisal | 0% - 10% of appraisal | ||||||||||||||||||||||||||
Other assets (e) | 69,115 | 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 | ||||||||||||||||||||||||||||
The unobservable inputs for Principal-only and Interest-only trading securities and MSR are discussed in Note 13 – Loan Sales and Securitizations. | ||||||||||||||||||||||||||||||
The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR. | ||||||||||||||||||||||||||||||
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 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. | ||||||||||||||||||||||||||||||
(Dollars in Thousands) | ||||||||||||||||||||||||||||||
Fair Value at | ||||||||||||||||||||||||||||||
Level 3 Class | 30-Sep-12 | Valuation Techniques | Unobservable Input | Values Utilized | ||||||||||||||||||||||||||
Interest only trading securities | $ | 13,739 | Discounted cash flow | (a) | (a) | |||||||||||||||||||||||||
Loans held-for-sale - mortgages | 227,106 | Discounted cash flow | Prepayment speeds | 6% - 10% | ||||||||||||||||||||||||||
Credit spreads | 2% - 4% | |||||||||||||||||||||||||||||
Delinquency adjustment factor | 15% - 25% added to credit spread | |||||||||||||||||||||||||||||
Loss severity trends | 50% - 60% of UPB | |||||||||||||||||||||||||||||
Venture capital investments | 9,000 | Recent purchase offers | Adjustment for preferences in equity tranches | 0% - 10% discount | ||||||||||||||||||||||||||
Recent capitalization transactions | Adjustment for preferences in equity tranches | 0% - 10% discount | ||||||||||||||||||||||||||||
Mortgage servicing rights | 120,537 | Discounted cash flow | (a) | (a) | ||||||||||||||||||||||||||
Other short-term borrowings | 11,585 | Discounted cash flow | (b) | (b) | ||||||||||||||||||||||||||
Derivative liabilities, other | 2,340 | Discounted cash flow | Visa covered litigation resolution amount | $4.4 billion - $5.0 billion | ||||||||||||||||||||||||||
Probability of resolution scenarios | 10% - 50% | |||||||||||||||||||||||||||||
Time until resolution | 9 - 18 months | |||||||||||||||||||||||||||||
Loans, net of unearned income (c) | 128,626 | Appraisals from comparable properties | Adjustment for value changes since appraisal | 5% - 15% of appraisal | ||||||||||||||||||||||||||
Other collateral valuations | Borrowing base certificates | 20% - 50% of gross value | ||||||||||||||||||||||||||||
Financial Statements/Auction Values | 0% - 25% of reported value | |||||||||||||||||||||||||||||
Real estate acquired by foreclosure (d) | 50,589 | Appraisals from comparable properties | Adjustment for value changes since appraisal | 0% - 10% of appraisal | ||||||||||||||||||||||||||
Other assets (e) | 76,822 | 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 | ||||||||||||||||||||||||||||
The unobservable inputs for Interest-only trading securities and MSR are discussed in Note 13 – Loan Sales and Securitizations. | ||||||||||||||||||||||||||||||
The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR. | ||||||||||||||||||||||||||||||
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 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. | ||||||||||||||||||||||||||||||
Loans held-for-sale. Prepayment rates, credit spreads and delinquency adjustment factors are significant unobservable inputs used in the fair value measurement of FHN's mortgage Loans held-for-sale. Loss severity trends are also assessed to evaluate the reasonableness of fair value estimates resulting from discounted cash flows methodologies as well as to estimate fair value for newly repurchased loans and loans that are near foreclosure. Significant increases (decreases) in any of these inputs in isolation would result in significantly lower (higher) fair value measurements. All observable and unobservable inputs are re-assessed monthly. Fair value measurements are reviewed at least monthly by FHN's Corporate Accounting Department. | ||||||||||||||||||||||||||||||
Venture capital investments. The unobservable inputs used in the estimation of fair value for Venture capital investments are adjustments for minority interest and small business status when compared to industry comparables and the discount rate and earnings capitalization rate for a discounted cash flow analysis. For both valuation techniques, the inputs are intended to reflect the nature of the small business and the status of equity tranches held by FHN in relation to the overall valuation. The valuation of venture capital investments is reviewed at least quarterly by FHN's Equity Investment Review Committee. Changes in valuation are discussed with respect to the appropriateness of the adjustments in relation to the associated triggering events. | ||||||||||||||||||||||||||||||
Derivative liabilities. The determination of fair value for FHN's derivative liabilities associated with its prior sales of Visa Class B shares include estimation of both the resolution amount for Visa's Covered Litigation matters as well as the length of time until the resolution occurs. Significant increases (decreases) in either of these inputs in isolation would result in significantly higher (lower) fair value measurements for the derivative liabilities. Additionally, FHN performs a probability weighted multiple resolution scenario to calculate the estimated fair value of these derivative liabilities. Assignment of higher (lower) probabilities to the larger potential resolution scenarios would result in an increase (decrease) in the estimated fair value of the derivative liabilities. The valuation inputs and process are discussed with senior and executive management when significant events affecting the estimate of fair value occur. Inputs are compared to information obtained from the public issuances and filings of Visa, Inc. as well as public information released by other participants in the applicable litigation matters. | ||||||||||||||||||||||||||||||
Loans, net of unearned income and Real estate acquired by foreclosure. Collateral-dependent loans and Real estate acquired by foreclosure are primarily valued using appraisals based on sales of comparable properties in the same or similar markets. Multiple appraisal firms are utilized to ensure that estimated values are consistent between firms. This process occurs within FHN's Credit Risk Management and Loan Servicing functions (primarily consumer) and the Credit Risk Management Committee reviews valuation methodologies and loss information for reasonableness. Back testing is performed during the year through comparison to ultimate disposition values and is reviewed quarterly within the Credit Risk Management function. Other collateral (receivables, inventory, equipment, etc.) is valued through borrowing base certificates, financial statements and/or auction valuations. These valuations are discounted based on the quality of reporting, knowledge of the marketability/collectability of the collateral and historical disposition rates. | ||||||||||||||||||||||||||||||
Other assets – tax credit investments. The estimated fair value of tax credit investments is generally determined in relation to the expected yield (i.e., future tax credits to be received) an acquirer of these investments would expect in relation to the yields experienced on current new issue and/or secondary market transactions. Thus, as tax credits are recognized, the future yield to a market participant is reduced, resulting in consistent impairment of the individual investments. Individual investments are reviewed for impairment quarterly, which may include the consideration of additional marketability discounts related to specific investments. Unusual valuation adjustments, and the associated triggering events, are discussed with senior and executive management, when appropriate. A portfolio review is conducted annually, with the assistance of a third party, to assess the reasonableness of current valuations. | ||||||||||||||||||||||||||||||
Fair Value Option | ||||||||||||||||||||||||||||||
FHN elected the fair value option on a prospective basis for almost all types of mortgage loans originated for sale purposes under the Financial Instruments Topic (“ASC 825”). FHN determined that the election reduced certain timing differences and better matched changes in the value of such loans with changes in the value of derivatives used as economic hedges for these assets at the time of election. After the 2008 divestiture of certain mortgage banking operations and the significant decline of mortgage loans originated for sale, FHN discontinued hedging the mortgage warehouse. | ||||||||||||||||||||||||||||||
In third quarter 2013, capital markets acquired a pool of $145.5 million conforming mortgage loans with the intent to transfer the loans to a counterparty during the quarter following the quarter of acquisition. As part of this transaction, capital markets entered into forward delivery contracts to economically hedge the value of the loans. FHN elected to recognize the loans at fair value and classified them as trading loans within trading securities in the Consolidated Condensed Statements of Condition as of September 30, 2013. | ||||||||||||||||||||||||||||||
Repurchased loans are recognized within loans held-for-sale at fair value at the time of repurchase, which includes consideration of the credit status of the loans and the estimated liquidation value. FHN has elected to continue recognition of these loans at fair value in periods subsequent to reacquisition. Due to the credit-distressed nature of the vast majority of repurchased loans and the related loss severities experienced upon repurchase, FHN believes that the fair value election provides a more timely recognition of changes in value for these loans that occur subsequent to repurchase. Absent the fair value election, these loans would be subject to valuation at the LOCOM value, which would prevent subsequent values from exceeding the initial fair value, determined at the time of repurchase but would require recognition of subsequent declines in value. Thus, the fair value election provides for a more timely recognition of any potential future recoveries in asset values while not affecting the requirement to recognize subsequent declines in value. | ||||||||||||||||||||||||||||||
Prior to 2010, FHN transferred certain servicing assets in transactions that did not qualify for sale treatment due to certain recourse provisions. The associated proceeds are recognized within other short-term borrowings in the Consolidated Condensed Statements of Condition for all periods presented. Since the servicing assets are recognized at fair value and changes in the fair value of the related financing liabilities will exactly mirror the change in fair value of the associated servicing assets, management elected to account for the financing liabilities at fair value. Since the servicing assets have already been delivered to the buyer, the fair value of the financing liabilities associated with the transaction does not reflect any instrument-specific credit risk. | ||||||||||||||||||||||||||||||
The following tables reflect the differences between the fair value carrying amount of mortgages and trading 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. | ||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Fair value carrying amount | Aggregate unpaid principal | Fair value carrying amount less aggregate unpaid principal | |||||||||||||||||||||||||||
Mortgage loans held-for-sale reported at fair value: | ||||||||||||||||||||||||||||||
Total loans | $ | 229,760 | $ | 379,123 | $ | -149,363 | ||||||||||||||||||||||||
Nonaccrual loans | 69,116 | 147,116 | -78,000 | |||||||||||||||||||||||||||
Loans 90 days or more past due and still accruing | 9,046 | 19,402 | -10,356 | |||||||||||||||||||||||||||
Trading loans reported at fair value: | ||||||||||||||||||||||||||||||
Total loans | 145,505 | 142,311 | 3,194 | |||||||||||||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Fair value carrying amount | Aggregate unpaid principal | Fair value carrying amount less aggregate unpaid principal | |||||||||||||||||||||||||||
Mortgage loans held-for-sale reported at fair value: | ||||||||||||||||||||||||||||||
Total loans | $ | 224,635 | $ | 330,900 | $ | -106,265 | ||||||||||||||||||||||||
Nonaccrual loans | 43,398 | 92,831 | -49,433 | |||||||||||||||||||||||||||
Loans 90 days or more past due and still accruing | 10,481 | 21,329 | -10,848 | |||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
30-Sep | 30-Sep | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||
Changes in fair value included in net income: | ||||||||||||||||||||||||||||||
Mortgage banking noninterest income | ||||||||||||||||||||||||||||||
Loans held-for-sale | $ | -1,805 | $ | -2,799 | $ | -3,940 | $ | -849 | ||||||||||||||||||||||
Other short-term borrowings | 634 | 854 | -559 | 3,248 | ||||||||||||||||||||||||||
Changes in fair value included in net income: | ||||||||||||||||||||||||||||||
Capital market noninterest income | ||||||||||||||||||||||||||||||
Trading loans | 1,867 | - | 1,867 | - | ||||||||||||||||||||||||||
For the three months ended September 30, 2013 and 2012, the amounts for mortgage loans held-for-sale include losses of $1.4 million and $.9 million, respectively, included in pretax earnings that are attributable to changes in instrument-specific credit risk. For the nine months ended September 30, 2013 and 2012, the amounts for mortgage loans held-for-sale include immaterial gain and loss of $.4 million, respectively, included in pretax earnings that are attributable to changes in instrument-specific credit risk. The portion of the fair value adjustments related to credit risk was determined based on both a quality adjustment for delinquencies and the full credit spread on the non-conforming loans. Interest income on mortgage loans held-for-sale measured at fair value is calculated based on the note rate of the loan and is recorded in the interest income section of the Consolidated Condensed Statements of Income as interest on loans held-for-sale. | ||||||||||||||||||||||||||||||
Determination of Fair Value | ||||||||||||||||||||||||||||||
In accordance with ASC 820-10-35, fair values are based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following describes the assumptions and methodologies used to estimate the fair value of financial instruments and MSR recorded at fair value in the Consolidated Condensed Statements of Condition and for estimating the fair value of financial instruments for which fair value is disclosed under ASC 825-10-50. | ||||||||||||||||||||||||||||||
Short-term financial assets. Federal funds sold, securities purchased under agreements to resell, and interest bearing deposits with other financial institutions and the Federal Reserve are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. | ||||||||||||||||||||||||||||||
Trading securities and trading liabilities. Trading securities and trading liabilities are recognized at fair value through current earnings. Trading inventory held for broker-dealer operations is included in trading securities and trading liabilities. Broker-dealer long positions are valued at bid price in the bid-ask spread. Short positions are valued at the ask price. Inventory positions are valued using observable inputs including current market transactions, LIBOR and U.S. treasury curves, credit spreads, and consensus prepayment speeds. Trading loans are valued using observable inputs including current market transactions, swap rates, mortgage rates, and consensus prepayment speeds. | ||||||||||||||||||||||||||||||
Trading securities also include retained interests in prior securitizations that qualify as financial assets, which primarily include excess interest (structured as interest-only strips) and principal-only strips. | ||||||||||||||||||||||||||||||
The fair value of excess interest is determined using prices from closely comparable assets such as MSR that are tested against prices determined using a valuation model that calculates the present value of estimated future cash flows. Inputs utilized in valuing excess interest are consistent with those used to value the related MSR. The fair value of excess interest typically changes based on changes in the discount rate and differences between modeled prepayment speeds and credit losses and actual experience. FHN uses assumptions in the model that it believes are comparable to those used by brokers and other service providers. FHN also periodically compares its estimates of fair value and assumptions with brokers, service providers, recent market activity, and against its own experience. FHN uses inputs including yield curves, credit spreads, and prepayment speeds to determine the fair value of principal-only strips. | ||||||||||||||||||||||||||||||
In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing, including excess interest. FHN used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the excess interest, as a third-party pricing source in the valuation of the excess interest. | ||||||||||||||||||||||||||||||
Securities available-for-sale. Securities available-for-sale includes the investment portfolio accounted for as available-for-sale under ASC 320-10-25, federal bank stock holdings, short-term investments in mutual funds, and venture capital investments. Valuations of available-for-sale securities are performed using observable inputs obtained from market transactions in similar securities. Typical inputs include LIBOR and U.S. treasury curves, consensus prepayment estimates, and credit spreads. When available, broker quotes are used to support these valuations. Certain government agency debt obligations with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inputs include contractual cash flows and the treasury curve. Significant unobservable inputs include estimated trading spreads and estimated prepayment speeds. | ||||||||||||||||||||||||||||||
Investments in the stock of the Federal Reserve Bank and Federal Home Loan Banks are recognized at historical cost in the Consolidated Condensed Statements of Condition which is considered to approximate fair value. Short-term investments in mutual funds are measured at the funds' reported closing net asset values. Venture capital investments are typically measured using significant internally generated inputs including adjustments to industry comparables and discounted cash flows analysis. | ||||||||||||||||||||||||||||||
Loans held-for-sale. FHN determines the fair value of mortgage loans held-for-sale using a discounted cash flow model which incorporates both observable and unobservable inputs. Typical inputs include contractual cash flow requirements, current mortgage rates for similar products, estimated prepayment rates, credit spreads and delinquency penalty adjustments. Adjustments for delinquency and other differences in loan characteristics are typically reflected in the model's discount rates. Loss severity trends and the value of underlying collateral are also considered in assessing the appropriate fair value for severely delinquent loans and loans in foreclosure. | ||||||||||||||||||||||||||||||
Loans held-for-sale also includes loans made by the Small Business Administration (“SBA”), which are accounted for as LOCOM. The fair value of SBA loans is determined using an expected cash flow model that utilizes observable inputs such as the spread between LIBOR and prime rates, consensus prepayment speeds, and the treasury curve. The fair value of other non-mortgage loans held-for-sale is approximated by their carrying values based on current transaction values. | ||||||||||||||||||||||||||||||
Loans, net of unearned income. Loans, net of unearned income are recognized at the amount of funds advanced, less charge-offs and an estimation of credit risk represented by the allowance for loan losses. The fair value estimates for disclosure purposes differentiate loans based on their financial characteristics, such as product classification, vintage, loan category, pricing features, and remaining maturity. | ||||||||||||||||||||||||||||||
The fair value of floating rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is considered to approximate book value due to the monthly repricing for commercial and consumer loans, with the exception of floating rate 1-4 family residential mortgage loans which reprice annually and will lag movements in market rates. The fair value for floating rate 1-4 family mortgage loans is calculated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period. | ||||||||||||||||||||||||||||||
Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the floating rate 1-4 family residential mortgage portfolio. | ||||||||||||||||||||||||||||||
The fair value of fixed rate loans is estimated through comparison to recent market activity in loans of similar product types, with adjustments made for differences in loan characteristics. In situations where market pricing inputs are not available, fair value is estimated by discounting future cash flows to their present value. Future cash flows are discounted to their present value by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same time period. Prepayment assumptions based on historical prepayment speeds and industry speeds for similar loans have been applied to the fixed rate mortgage and installment loan portfolios. | ||||||||||||||||||||||||||||||
For all loan portfolio classes, adjustments are made to reflect liquidity or illiquidity of the market. Such adjustments reflect discounts that FHN believes are consistent with what a market participant would consider in determining fair value given current market conditions. | ||||||||||||||||||||||||||||||
Individually impaired loans are measured using either a discounted cash flow methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral-dependent. In accordance with accounting standards, the discounted cash flow analysis utilizes the loan's effective interest rate for discounting expected cash flow amounts. Thus, this analysis is not considered a fair value measurement in accordance with ASC 820. However, the results of this methodology are considered to approximate fair value for the applicable loans. Expected cash flows are derived from internally-developed inputs primarily reflecting expected default rates on contractual cash flows. For loans measured using the estimated fair value of collateral less costs to sell, fair value is estimated using appraisals of the collateral. Collateral values are monitored and additional write-downs are recognized if it is determined that the estimated collateral values have declined further. Estimated costs to sell are based on current amounts of disposal costs for similar assets. Carrying value is considered to reflect fair value for these loans. | ||||||||||||||||||||||||||||||
Mortgage servicing rights. FHN recognizes all classes of MSR at fair value. Since sales of MSR tend to occur in private transactions and the precise terms and conditions of the sales are typically not readily available, there is a limited market to refer to in determining the fair value of MSR. As such, FHN primarily relies on a discounted cash flow model to estimate the fair value of its MSR. This model calculates estimated fair value of the MSR using predominant risk characteristics of MSR such as interest rates, type of product (fixed vs. variable), age (new, seasoned, or moderate), agency type and other factors. FHN uses assumptions in the model that it believes are comparable to those used by brokers and other service providers. FHN also periodically compares its estimates of fair value and assumptions with brokers, service providers, recent market activity, and against its own experience. | ||||||||||||||||||||||||||||||
In third quarter 2013, FHN agreed to sell substantially all of its remaining legacy mortgage servicing. FHN used the price in the definitive agreement, as adjusted for the portion of pricing that was not specific to the MSR, as a third-party pricing source in the valuation of the MSR held at September 30, 2013. | ||||||||||||||||||||||||||||||
Derivative assets and liabilities. The fair value for forwards and futures contracts is based on current transactions involving identical securities. Futures contracts are exchange-traded and thus have no credit risk factor assigned as the risk of non-performance is limited to the clearinghouse used. | ||||||||||||||||||||||||||||||
Valuations of other derivatives (primarily interest rate related swaps, swaptions, caps, and collars) are based on inputs observed in active markets for similar instruments. Typical inputs include the LIBOR curve, OIS curve, option volatility, and option skew. In measuring the fair value of these derivative assets and liabilities, FHN has elected to consider credit risk based on the net exposure to individual counterparties. Credit risk is mitigated for these instruments through the use of mutual margining and master netting agreements as well as collateral posting requirements. Any remaining credit risk related to interest rate derivatives is considered in determining fair value through evaluation of additional factors such as customer loan grades and debt ratings. Foreign currency related derivatives also utilize observable exchange rates in the determination of fair value. | ||||||||||||||||||||||||||||||
In conjunction with the sales of portions of its Visa Class B shares, FHN and the purchasers entered into derivative transactions whereby FHN will make, or receive, cash payments whenever the conversion ratio of the Visa Class B shares into Visa Class A shares is adjusted. The fair value of these derivatives has been determined using a discounted cash flow methodology for estimated future cash flows determined through use of probability weighted scenarios for multiple estimates of Visa's aggregate exposure to covered litigation matters, which include consideration of amounts funded by Visa into its escrow account for the covered litigation matters. Since this estimation process required application of judgment in developing significant unobservable inputs used to determine the possible outcomes and the probability weighting assigned to each scenario, these derivatives have been classified within Level 3 in fair value measurements disclosures. | ||||||||||||||||||||||||||||||
Real estate acquired by foreclosure. Real estate acquired by foreclosure primarily consists of properties that have been acquired in satisfaction of debt. These properties are carried at the lower of the outstanding loan amount or estimated fair value less estimated costs to sell the real estate. Estimated fair value is determined using appraised values with subsequent adjustments for deterioration in values that are not reflected in the most recent appraisal. Real estate acquired by foreclosure also includes properties acquired in compliance with HUD servicing guidelines which are carried at the estimated amount of the underlying government insurance or guarantee. | ||||||||||||||||||||||||||||||
Nonearning assets. For disclosure purposes, nonearning assets include cash and due from banks, accrued interest receivable, and capital markets receivables. Due to the short-term nature of cash and due from banks, accrued interest receivable, and capital markets receivables, the fair value is approximated by the book value. | ||||||||||||||||||||||||||||||
Other assets. For disclosure purposes, other assets consist of tax credit investments and deferred compensation assets that are considered financial assets. Tax credit investments are written down to estimated fair value quarterly based on the estimated value of the associated tax credits. Deferred compensation assets are recognized at fair value, which is based on quoted prices in active markets. | ||||||||||||||||||||||||||||||
Defined maturity deposits. The fair value is estimated by discounting future cash flows to their present value. Future cash flows are discounted by using the current market rates of similar instruments applicable to the remaining maturity. For disclosure purposes, defined maturity deposits include all certificates of deposit and other time deposits. | ||||||||||||||||||||||||||||||
Undefined maturity deposits. In accordance with ASC 825, the fair value is approximated by the book value. For the purpose of this disclosure, undefined maturity deposits include demand deposits, checking interest accounts, savings accounts, and money market accounts. | ||||||||||||||||||||||||||||||
Short-term financial liabilities. The fair value of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings are approximated by the book value. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Other short-term borrowings include a liability associated with transfers of MSR that did not qualify for sale accounting. This liability is accounted for at elected fair value, which is measured consistent with the related MSR, as previously described. | ||||||||||||||||||||||||||||||
Term borrowings. The fair value is based on quoted market prices or dealer quotes for the identical liability when traded as an asset. When pricing information for the identical liability is not available, relevant prices for similar debt instruments are used with adjustments being made to the prices obtained for differences in characteristics of the debt instruments. If no relevant pricing information is available, the fair value is approximated by the present value of the contractual cash flows discounted by the investor's yield which considers FHN's and FTBNA's debt ratings. | ||||||||||||||||||||||||||||||
Other noninterest-bearing liabilities. For disclosure purposes, other noninterest-bearing liabilities include accrued interest payable and capital markets payables. Due to the short-term nature of these liabilities, the book value is considered to approximate fair value. | ||||||||||||||||||||||||||||||
Loan commitments. Fair values are based on fees charged to enter into similar agreements taking into account the remaining terms of the agreements and the counterparties' credit standing. | ||||||||||||||||||||||||||||||
Other commitments. Fair values are based on fees charged to enter into similar agreements. | ||||||||||||||||||||||||||||||
The following fair value estimates are determined as of a specific point in time utilizing various assumptions and estimates. The use of assumptions and various valuation techniques, as well as the absence of secondary markets for certain financial instruments, will likely reduce the comparability of fair value disclosures between financial institutions. Due to market illiquidity, the fair values for loans, net of unearned income, loans held-for-sale, and term borrowings as of September 30, 2013 and 2012, involve the use of significant internally-developed pricing assumptions for certain components of these line items. These assumptions are considered to reflect inputs that market participants would use in transactions involving these instruments as of the measurement date. Assets and liabilities that are not financial instruments (including MSR) have not been included in the following table such as the value of long-term relationships with deposit and trust customers, premises and equipment, goodwill and other intangibles, deferred taxes, and certain other assets and other liabilities. Accordingly, the total of the fair value amounts does not represent, and should not be construed to represent, the underlying value of the Company. | ||||||||||||||||||||||||||||||
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 commitments as of September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||
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 | $ | 7,655,562 | $ | - | $ | - | $ | 7,502,354 | $ | 7,502,354 | ||||||||||||||||||||
Commercial real estate | 1,162,718 | - | - | 1,115,304 | 1,115,304 | |||||||||||||||||||||||||
Retail: | ||||||||||||||||||||||||||||||
Consumer real estate | 5,337,221 | - | - | 4,859,306 | 4,859,306 | |||||||||||||||||||||||||
Permanent mortgage | 672,138 | - | - | 589,999 | 589,999 | |||||||||||||||||||||||||
Credit card & other | 325,207 | - | - | 327,075 | 327,075 | |||||||||||||||||||||||||
Total loans, net of unearned income and allowance for loan losses | 15,152,846 | - | - | 14,394,038 | 14,394,038 | |||||||||||||||||||||||||
Short-term financial assets | ||||||||||||||||||||||||||||||
Total interest-bearing cash | 184,179 | 184,179 | - | - | 184,179 | |||||||||||||||||||||||||
Federal funds sold | 52,830 | - | 52,830 | - | 52,830 | |||||||||||||||||||||||||
Securities purchased under agreements to resell | 576,355 | - | 576,355 | - | 576,355 | |||||||||||||||||||||||||
Total short-term financial assets | 813,364 | 184,179 | 629,185 | - | 813,364 | |||||||||||||||||||||||||
Trading securities (a) | 1,343,134 | - | 1,327,415 | 15,719 | 1,343,134 | |||||||||||||||||||||||||
Loans held-for-sale (a) | 371,640 | - | - | 371,640 | 371,640 | |||||||||||||||||||||||||
Securities available-for-sale (a) (b) | 3,186,943 | 20,267 | 2,954,224 | 212,452 | 3,186,943 | |||||||||||||||||||||||||
Derivative assets (a) | 215,116 | 16,877 | 198,239 | - | 215,116 | |||||||||||||||||||||||||
Other assets | ||||||||||||||||||||||||||||||
Tax credit investments | 69,115 | - | - | 69,115 | 69,115 | |||||||||||||||||||||||||
Deferred compensation assets | 23,193 | 23,193 | - | - | 23,193 | |||||||||||||||||||||||||
Total other assets | 92,308 | 23,193 | - | 69,115 | 92,308 | |||||||||||||||||||||||||
Nonearning assets | ||||||||||||||||||||||||||||||
Cash & due from banks | 395,631 | 395,631 | - | - | 395,631 | |||||||||||||||||||||||||
Capital markets receivables | 417,743 | - | 417,743 | - | 417,743 | |||||||||||||||||||||||||
Accrued interest receivable | 71,889 | - | 71,889 | - | 71,889 | |||||||||||||||||||||||||
Total nonearning assets | 885,263 | 395,631 | 489,632 | - | 885,263 | |||||||||||||||||||||||||
Total assets | $ | 22,060,614 | $ | 640,147 | $ | 5,598,695 | $ | 15,062,964 | $ | 21,301,806 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||||||||
Defined maturity | $ | 1,573,405 | $ | - | $ | 1,591,314 | $ | - | $ | 1,591,314 | ||||||||||||||||||||
Undefined maturity | 14,710,504 | - | 14,710,504 | - | 14,710,504 | |||||||||||||||||||||||||
Total deposits | 16,283,909 | - | 16,301,818 | - | 16,301,818 | |||||||||||||||||||||||||
Trading liabilities (a) | 585,969 | - | 585,969 | - | 585,969 | |||||||||||||||||||||||||
Short-term financial liabilities | ||||||||||||||||||||||||||||||
Federal funds purchased | 1,062,901 | - | 1,062,901 | - | 1,062,901 | |||||||||||||||||||||||||
Securities sold under agreements to repurchase | 427,232 | - | 427,232 | - | 427,232 | |||||||||||||||||||||||||
Total other borrowings | 303,686 | - | 291,971 | 11,715 | 303,686 | |||||||||||||||||||||||||
Total short-term financial liabilities | 1,793,819 | - | 1,782,104 | 11,715 | 1,793,819 | |||||||||||||||||||||||||
Term borrowings | ||||||||||||||||||||||||||||||
Real estate investment trust-preferred | 45,811 | - | - | 47,000 | 47,000 | |||||||||||||||||||||||||
Term borrowings - tax credit investments | 18,000 | - | - | 18,025 | 18,025 | |||||||||||||||||||||||||
Borrowings secured by residential real estate | 329,574 | - | - | 194,905 | 194,905 | |||||||||||||||||||||||||
Other long term borrowings | 1,377,903 | - | 1,365,535 | - | 1,365,535 | |||||||||||||||||||||||||
Total term borrowings | 1,771,288 | - | 1,365,535 | 259,930 | 1,625,465 | |||||||||||||||||||||||||
Derivative liabilities (a) | 165,918 | 9,770 | 153,403 | 2,745 | 165,918 | |||||||||||||||||||||||||
Other noninterest-bearing liabilities | ||||||||||||||||||||||||||||||
Capital markets payables | 388,373 | - | 388,373 | - | 388,373 | |||||||||||||||||||||||||
Accrued interest payable | 33,924 | - | 33,924 | - | 33,924 | |||||||||||||||||||||||||
Total other noninterest-bearing liabilities | 422,297 | - | 422,297 | - | 422,297 | |||||||||||||||||||||||||
Total liabilities | $ | 21,023,200 | $ | 9,770 | $ | 20,611,126 | $ | 274,390 | $ | 20,895,286 | ||||||||||||||||||||
Classes are detailed in the recurring and nonrecurring measurement tables. | ||||||||||||||||||||||||||||||
Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. | ||||||||||||||||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||||||||
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 | $ | 8,359,909 | $ | - | $ | - | $ | 8,138,108 | $ | 8,138,108 | ||||||||||||||||||||
Commercial real estate | 1,202,506 | - | - | 1,146,620 | 1,146,620 | |||||||||||||||||||||||||
Retail: | ||||||||||||||||||||||||||||||
Consumer real estate | 5,619,955 | - | - | 5,287,039 | 5,287,039 | |||||||||||||||||||||||||
Permanent mortgage | 779,954 | - | - | 722,087 | 722,087 | |||||||||||||||||||||||||
Credit card & other | 279,715 | - | - | 280,344 | 280,344 | |||||||||||||||||||||||||
Total loans, net of unearned income and allowance for loan losses | 16,242,039 | - | - | 15,574,198 | 15,574,198 | |||||||||||||||||||||||||
Short-term financial assets | ||||||||||||||||||||||||||||||
Total interest-bearing cash | 440,916 | 440,916 | - | - | 440,916 | |||||||||||||||||||||||||
Federal funds sold | 12,425 | - | 12,425 | - | 12,425 | |||||||||||||||||||||||||
Securities purchased under agreements to resell | 517,263 | - | 517,263 | - | 517,263 | |||||||||||||||||||||||||
Total short-term financial assets | 970,604 | 440,916 | 529,688 | - | 970,604 | |||||||||||||||||||||||||
Trading securities (a) | 1,204,366 | - | 1,190,622 | 13,744 | 1,204,366 | |||||||||||||||||||||||||
Loans held-for-sale (a) | 410,550 | - | 48,425 | 362,125 | 410,550 | |||||||||||||||||||||||||
Securities available-for-sale (a) (b) | 3,123,629 | 13,794 | 2,897,657 | 212,178 | 3,123,629 | |||||||||||||||||||||||||
Derivative assets (a) | 334,025 | 14,862 | 319,163 | - | 334,025 | |||||||||||||||||||||||||
Other assets | ||||||||||||||||||||||||||||||
Tax credit investments | 76,822 | - | - | 76,822 | 76,822 | |||||||||||||||||||||||||
Deferred compensation assets | 23,301 | 23,301 | - | - | 23,301 | |||||||||||||||||||||||||
Total other assets | 100,123 | 23,301 | - | 76,822 | 100,123 | |||||||||||||||||||||||||
Nonearning assets | ||||||||||||||||||||||||||||||
Cash & due from banks | 355,978 | 355,978 | - | - | 355,978 | |||||||||||||||||||||||||
Capital markets receivables | 791,190 | - | 791,190 | - | 791,190 | |||||||||||||||||||||||||
Accrued interest receivable | 85,042 | - | 85,042 | - | 85,042 | |||||||||||||||||||||||||
Total nonearning assets | 1,232,210 | 355,978 | 876,232 | - | 1,232,210 | |||||||||||||||||||||||||
Total assets | $ | 23,617,546 | $ | 848,851 | $ | 5,861,787 | $ | 16,239,067 | $ | 22,949,705 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||||||||
Defined maturity | $ | 1,582,097 | $ | - | $ | 1,618,019 | $ | - | $ | 1,618,019 | ||||||||||||||||||||
Undefined maturity | 14,646,014 | - | 14,646,014 | - | 14,646,014 | |||||||||||||||||||||||||
Total deposits | 16,228,111 | - | 16,264,033 | - | 16,264,033 | |||||||||||||||||||||||||
Trading liabilities (a) | 516,970 | - | 516,970 | - | 516,970 | |||||||||||||||||||||||||
Short-term financial liabilities | ||||||||||||||||||||||||||||||
Federal funds purchased | 1,350,806 | - | 1,350,806 | - | 1,350,806 | |||||||||||||||||||||||||
Securities sold under agreements to repurchase | 443,370 | - | 443,370 | - | 443,370 | |||||||||||||||||||||||||
Total other borrowings | 856,958 | - | 845,373 | 11,585 | 856,958 | |||||||||||||||||||||||||
Total short-term financial liabilities | 2,651,134 | - | 2,639,549 | 11,585 | 2,651,134 | |||||||||||||||||||||||||
Term borrowings | ||||||||||||||||||||||||||||||
Real estate investment trust-preferred | 45,743 | - | - | 42,300 | 42,300 | |||||||||||||||||||||||||
Term borrowings - new market tax credit investment | 15,301 | - | - | 16,280 | 16,280 | |||||||||||||||||||||||||
Borrowings secured by residential real estate | 415,975 | - | - | 353,578 | 353,578 | |||||||||||||||||||||||||
Other long term borrowings | 1,786,219 | - | 1,716,741 | - | 1,716,741 | |||||||||||||||||||||||||
Total term borrowings | 2,263,238 | - | 1,716,741 | 412,158 | 2,128,899 | |||||||||||||||||||||||||
Derivative liabilities (a) | 225,084 | 12,424 | 210,320 | 2,340 | 225,084 | |||||||||||||||||||||||||
Other noninterest-bearing liabilities | ||||||||||||||||||||||||||||||
Capital markets payables | 574,201 | - | 574,201 | - | 574,201 | |||||||||||||||||||||||||
Accrued interest payable | 43,184 | - | 43,184 | - | 43,184 | |||||||||||||||||||||||||
Total other noninterest-bearing liabilities | 617,385 | - | 617,385 | - | 617,385 | |||||||||||||||||||||||||
Total liabilities | $ | 22,501,922 | $ | 12,424 | $ | 21,964,998 | $ | 426,083 | $ | 22,403,505 | ||||||||||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentations. | ||||||||||||||||||||||||||||||
Classes are detailed in the recurring and nonrecurring measurement tables. | ||||||||||||||||||||||||||||||
Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. | ||||||||||||||||||||||||||||||
Contractual Amount | Fair Value | |||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
Unfunded Commitments: | ||||||||||||||||||||||||||||||
Loan commitments | $ | 9,048,424 | $ | 7,890,786 | $ | 1,722 | $ | 1,571 | ||||||||||||||||||||||
Standby and other commitments | 302,160 | 371,899 | 4,819 | 5,333 |
Restructuring_Repositioning_An
Restructuring, Repositioning, And Efficiency | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Restructuring, Repositioning, And Efficiency [Abstract] | ' | |||||||||||||||||||||||||
Restructuring, Repositioning, And Efficiency | ' | |||||||||||||||||||||||||
Note 18 – Restructuring, Repositioning, and Efficiency | ||||||||||||||||||||||||||
Beginning in 2007, FHN conducted a company-wide review of business practices with the goal of improving its overall profitability and productivity. Such reviews continue throughout the organization. Since 2007, in order to redeploy capital to higher-return businesses, FHN exited or sold non-strategic businesses, eliminated layers of management, and consolidated functional areas. | ||||||||||||||||||||||||||
Generally, restructuring, repositioning, and efficiency charges related to exited businesses are included in the non-strategic segment while charges related to corporate-driven actions are included in the corporate segment. Net charges recognized by FHN during the nine months ended September 30, 2013, related to restructuring, repositioning, and efficiency activities were $4.5 million. Of this amount, $3.0 million represent exit costs that were accounted for in accordance with the Exit of Disposal Cost Obligations Topic of the FASB Accounting Standards Codification (“ASC 420”). Significant expenses recognized during the nine months ended September 30, 2013 resulted from the following action: | ||||||||||||||||||||||||||
Severance and other employee costs of $2.6 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives, and benefits within noninterest expense. | ||||||||||||||||||||||||||
Expense of $2.2 million related to estimated costs for obligations associated with a definitive agreement to sell substantially all remaining legacy mortgage servicing which is reflected in Mortgage banking income. | ||||||||||||||||||||||||||
During the nine months ended September 30, 2012, FHN recognized a net cost of $6.2 million related to restructuring, repositioning, and efficiency activities. Of this amount, $4.7 million represent exit costs that were accounted for in accordance with ASC 420. Significant expenses recognized during the nine months ended September 30, 2012 resulted from the following actions: | ||||||||||||||||||||||||||
Severance and other employee costs of $4.8 million primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives, and benefits within noninterest expense. | ||||||||||||||||||||||||||
Expense of $2.3 million related to prior servicing sales which is reflected in Mortgage banking income. | ||||||||||||||||||||||||||
Settlement of the obligations arising from current initiatives will be funded from operating cash flows. The effect of suspending depreciation on assets held-for-sale was immaterial to FHN's results of operations for all periods. Due to the broad nature of the actions being taken, substantially all components of expense have benefited from past efficiency initiatives and are expected to benefit from the current efficiency initiatives. | ||||||||||||||||||||||||||
Activity in the restructuring and repositioning liability for the three and nine months ended September 30, 2013 and 2012, is presented in the following table, along with other restructuring and repositioning expenses recognized. | ||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
30-Sep | 30-Sep | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
(Dollars in thousands) | Expense | Liability | Expense | Liability | Expense | Liability | Expense | Liability | ||||||||||||||||||
Beginning balance | $ | - | $ | 4,277 | $ | - | $ | 8,947 | $ | - | $ | 19,775 | $ | - | $ | 12,026 | ||||||||||
Severance and other employee related costs | 1,160 | 1,160 | 2,730 | 2,730 | 2,620 | 2,620 | 4,769 | 4,769 | ||||||||||||||||||
Facility consolidation costs | 38 | 38 | 41 | 41 | 416 | 416 | -134 | -134 | ||||||||||||||||||
Other exit costs, professional fees, and other | - | - | - | - | - | - | 111 | 111 | ||||||||||||||||||
Total accrued | 1,198 | 5,475 | 2,771 | 11,718 | 3,036 | 22,811 | 4,746 | 16,772 | ||||||||||||||||||
Payments related to: | ||||||||||||||||||||||||||
Severance and other employee related costs | 826 | 5,718 | 17,490 | 8,680 | ||||||||||||||||||||||
Facility consolidation costs | 248 | 529 | 824 | 1,406 | ||||||||||||||||||||||
Other exit costs, professional fees, and other | - | - | - | 15 | ||||||||||||||||||||||
Accrual reversals | 7 | 17 | 103 | 1,217 | ||||||||||||||||||||||
Restructuring and repositioning reserve balance | $ | 4,394 | $ | 5,454 | $ | 4,394 | $ | 5,454 | ||||||||||||||||||
Other restructuring and repositioning expense: | ||||||||||||||||||||||||||
Mortgage banking expense on servicing sales | 2,192 | - | 2,192 | 2,287 | ||||||||||||||||||||||
(Gains)/losses on divestitures | -365 | -180 | -1,004 | -865 | ||||||||||||||||||||||
Impairment of premises and equipment | 369 | - | 369 | 5 | ||||||||||||||||||||||
Impairment of other assets | - | - | - | 12 | ||||||||||||||||||||||
Other | - | - | -96 | - | ||||||||||||||||||||||
Total other restructuring and repositioning expense | 2,196 | -180 | 1,461 | 1,439 | ||||||||||||||||||||||
Total restructuring and repositioning charges | $ | 3,394 | $ | 2,591 | $ | 4,497 | $ | 6,185 | ||||||||||||||||||
FHN began initiatives related to restructuring in second quarter 2007. Consequently, the following table presents cumulative amounts incurred to date through September 30, 2013, for costs associated with FHN’s restructuring, repositioning, and efficiency initiatives: | ||||||||||||||||||||||||||
(Dollars in thousands) | Total Expense | |||||||||||||||||||||||||
Severance and other employee related costs | $ | 103,313 | ||||||||||||||||||||||||
Facility consolidation costs | 41,112 | |||||||||||||||||||||||||
Other exit costs, professional fees, and other | 19,165 | |||||||||||||||||||||||||
Other restructuring and repositioning expense: | ||||||||||||||||||||||||||
Loan portfolio divestiture | 7,672 | |||||||||||||||||||||||||
Mortgage banking expense on servicing sales | 26,002 | |||||||||||||||||||||||||
(Gains)/losses on divestitures | -722 | |||||||||||||||||||||||||
Impairment of premises and equipment | 22,766 | |||||||||||||||||||||||||
Impairment of intangible assets | 48,231 | |||||||||||||||||||||||||
Impairment of other assets | 40,504 | |||||||||||||||||||||||||
Other | 7,478 | |||||||||||||||||||||||||
Total restructuring and repositioning charges incurred to date as of September 30, 2013 | $ | 315,521 |
Financial_Information_Policy
Financial Information (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Basis Of Accounting | ' |
Basis of Accounting. The unaudited interim consolidated condensed financial statements of First Horizon National Corporation (“FHN”), including its subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America and follow general practices within the industries in which it operates. This preparation requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions are based on information available as of the date of the financial statements and could differ from actual results. In the opinion of management, all necessary adjustments have been made for a fair presentation of financial position and results of operations for the periods presented. These adjustments are of a normal recurring nature unless otherwise disclosed in this Quarterly Report on Form 10-Q. The operating results for the interim 2013 periods are not necessarily indicative of the results that may be expected going forward. For further information, refer to the audited consolidated financial statements in the 2012 Annual Report to shareholders. | |
Summary of Accounting Changes | ' |
Summary of Accounting Changes. Effective January 1, 2013, FHN adopted the provisions of FASB Accounting Standards Update ("ASU") 2011-11, “Balance Sheet: Disclosures about Offsetting Assets and Liabilities.” ASU 2011-11 creates new disclosure requirements about the nature of an entity's rights of setoff and related arrangements associated with its financial instruments and derivative instruments. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the balance sheet as well as instruments and transactions subject to an agreement similar to a master netting arrangement. The scope of ASU 2011-11 includes derivatives, sale and repurchase agreements/reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. The provisions of ASU 2011-11 are effective for periods beginning on or after January 1, 2013, with retrospective application to all periods presented in the financial statements required. Additionally in January 2013, FASB issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities", that narrowed the scope of ASU 2011-11. Based on this amendment, ASU 2011-11 applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Upon adoption of ASU 2011-11, FHN revised its disclosures accordingly. The adoption of the provisions of ASU 2011-11 had no effect on FHN's statement of condition, results of operations, or cash flows. | |
Effective January 1, 2013, FHN adopted the provisions of FASB ASU 2013-02, "Comprehensive Income: Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income." ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements but modified interim disclosure requirements such that changes in accumulated other comprehensive income must be disclosed in interim filings. The provisions of ASU 2013-02 are effective for periods beginning after December 15, 2012, with prospective application to transactions or modifications of existing transactions that occur on or after the effective date. Upon adoption of the provisions of ASU 2013-02 on January 1, 2013, FHN revised its financial statements and disclosures accordingly. | |
Accounting Changes Issued but Not Currently Effective. In July 2013, the FASB issued ASU 2013-11, "Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." ASU 2013-11 provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Generally, ASU 2013-11 requires that an unrecognized tax benefit should reduce a deferred tax asset (“DTA”) that has been established for a net operating loss (“NOL”), a tax credit carryforward, or other similar tax losses. However, if a filer does not have such carryforwards or similar tax losses at the reporting date, the uncertain tax position should be recorded as a liability. If a filer does have a DTA, but is not required by tax law of the applicable jurisdiction to use the DTA to settle additional taxes from the disallowance of a tax position and that is the filers' intent, the uncertain tax position should be recognized as a liability in that situation as well and not netted with the DTA. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The provisions of ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. The provisions of ASU 2013-11 should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. FHN does not expect the adoption of the provisions of ASU 2013-11 to have a material effect on FHN's statement of condition, results of operations, or cash flows. | |
In July 2013, the FASB issued ASU 2013-10, "Derivatives and Hedging: Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes." ASU 2013-10 provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The provisions of ASU 2013-10 permit the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, in addition to U.S. Treasury rates and London Interbank Offered Rate ("LIBOR"). The amendments also remove the restriction on using different benchmark rates for similar hedges. The provisions of ASU 2013-10 are effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013. FHN may apply the provisions of ASU 2013-10 to future hedging relationships. | |
Purchase Credit Impaired Loans Policy | ' |
ASC 310-30 "Accounting for Certain Loans or Debt Securities Acquired in a Transfer", provides guidance for acquired loans that have experienced deterioration of credit quality between origination and the time of acquisition and for which the timely collection of the interest and principal is no longer reasonably assured ("PCI loans"). PCI loans are initially recorded at fair value which was estimated by discounting expected cash flows at acquisition date. The expected cash flows includes all contractually expected amounts (including interest) and incorporates an estimate for future expected credit losses, pre-payment assumptions, and yield requirement for a market participant, among other things. To the extent possible, certain PCI loans were aggregated with composite interest rate and expectation of cash flows expected to be collected for the pool. Aggregation into loan pools is based on common risk characteristics that include similar credit risk or risk ratings, and one or more predominant risk characteristics. PCI pools are accounted for as a single unit. | |
Accretable yield is the excess of cash flows expected at acquisition over the initial investment in the loan and is recognized in interest income over the remaining life of the loan, or pool of loans. Nonaccretable difference is the difference between the contractually required payments at acquisition and the cash flows expected to be collected at acquisition. In quarters subsequent to the acquisition date, FHN re-estimates expected cash flows for PCI loans. Increases in expected cash flows from the last measurement will result in reversal of any nonaccretable difference (or allowance for loan losses to the extent any has been recorded) with a prospective positive impact on interest income. Decreases to the expected cash flows will result in an increase in the allowance for loan losses through increased provision expense. Generally, PCI loans will not be reported as nonperforming loans, troubled debt restructurings (if pooled), or impaired loans unless there has been an other-than-temporary decline in the fair value of a loan below amortized cost or if it is probable that a loan has become impaired in periods subsequent to the acquisition. |
Acquisition_and_Divestitures_T
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 |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Investment Securities [Abstract] | ' | ||||||||||||||||||
Schedule Of FHN's Available For Sale Securities | ' | ||||||||||||||||||
The following tables summarize FHN’s available-for-sale (“AFS”) securities on September 30, 2013 and 2012: | |||||||||||||||||||
30-Sep-13 | |||||||||||||||||||
Gross | Gross | ||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||
Securities available-for-sale: | |||||||||||||||||||
U.S. treasuries | $ | 39,993 | $ | 3 | $ | - | $ | 39,996 | |||||||||||
Government agency issued mortgage-backed securities ("MBS") | 838,077 | 40,944 | -3,570 | 875,451 | |||||||||||||||
Government agency issued collateralized mortgage obligations ("CMO") | 2,043,803 | 17,420 | -36,102 | 2,025,121 | |||||||||||||||
Other U.S. government agencies | 2,381 | 147 | - | 2,528 | |||||||||||||||
States and municipalities | 15,155 | - | - | 15,155 | |||||||||||||||
Equity and other (a) | 228,709 | - | -17 | 228,692 | |||||||||||||||
Total securities available for sale (b) | $ | 3,168,118 | $ | 58,514 | $ | -39,689 | $ | 3,186,943 | |||||||||||
Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. | |||||||||||||||||||
Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||||||||||||||||
30-Sep-12 | |||||||||||||||||||
Gross | Gross | ||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||
(Dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||
Securities available-for-sale: | |||||||||||||||||||
U.S. treasuries | $ | 54,995 | $ | 1 | $ | - | $ | 54,996 | |||||||||||
Government agency issued MBS | 1,191,811 | 79,639 | - | 1,271,450 | |||||||||||||||
Government agency issued CMO | 1,530,075 | 25,562 | -896 | 1,554,741 | |||||||||||||||
Other U.S. government agencies | 3,911 | 291 | - | 4,202 | |||||||||||||||
States and municipalities | 17,970 | - | - | 17,970 | |||||||||||||||
Equity and other (a) | 220,247 | 23 | - | 220,270 | |||||||||||||||
Total securities available for sale (b) | $ | 3,019,009 | $ | 105,516 | $ | -896 | $ | 3,123,629 | |||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||
Includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. | |||||||||||||||||||
Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||||||||||||||||
Schedule Of Amortized Cost And Fair Value By Contractual Maturity | ' | ||||||||||||||||||
The amortized cost and fair value by contractual maturity for the available-for-sale securities portfolio on September 30, 2013, are provided below: | |||||||||||||||||||
Available-for-Sale | |||||||||||||||||||
Amortized | Fair | ||||||||||||||||||
(Dollars in thousands) | Cost | Value | |||||||||||||||||
Within 1 year | $ | 39,993 | $ | 39,996 | |||||||||||||||
After 1 year; within 5 years | 3,881 | 4,028 | |||||||||||||||||
After 5 years; within 10 years | - | - | |||||||||||||||||
After 10 years | 13,655 | 13,655 | |||||||||||||||||
Subtotal | 57,529 | 57,679 | |||||||||||||||||
Government agency issued MBS and CMO | 2,881,880 | 2,900,572 | |||||||||||||||||
Equity and other | 228,709 | 228,692 | |||||||||||||||||
Total | $ | 3,168,118 | $ | 3,186,943 | |||||||||||||||
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||
Schedule Of Gross Gains And Losses On Sale From Available For Sale Portfolio | ' | ||||||||||||||||||
The table below provides information on gross gains and gross losses from investment securities for the three and nine months ended September 30: | |||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Gross gains on sales of securities | $ | 728 | $ | - | $ | 770 | $ | 5,433 | |||||||||||
Gross losses on sales of securities | -824 | - | -1,193 | - | |||||||||||||||
Net gain/(loss) on sales of securities (a) | -96 | - | -423 | 5,433 | |||||||||||||||
Net other than temporary impairment ("OTTI") recorded | - | - | - | -40 | |||||||||||||||
Total securities gain/(loss), net | $ | -96 | $ | - | $ | -423 | $ | 5,393 | |||||||||||
Proceeds for the three and nine months ended September 30, 2013, were $44.9 million and $63.8 million, respectively. There were no proceeds from sales for the three months ended September 30, 2012; proceeds from sales for the nine months ended September 30, 2012 were $47.5 million. | |||||||||||||||||||
Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses | ' | ||||||||||||||||||
The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses on September 30, 2013 and 2012: | |||||||||||||||||||
On September 30, 2013 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(Dollars in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Government agency issued CMO | $ | 1,241,836 | $ | -36,025 | $ | 12,018 | $ | -77 | $ | 1,253,854 | $ | -36,102 | |||||||
Government agency issued MBS | 154,299 | -3,570 | - | - | 154,299 | -3,570 | |||||||||||||
Total debt securities | 1,396,135 | -39,595 | 12,018 | -77 | 1,408,153 | -39,672 | |||||||||||||
Equity | 43 | -17 | - | - | 43 | -17 | |||||||||||||
Total temporarily impaired securities | $ | 1,396,178 | $ | -39,612 | $ | 12,018 | $ | -77 | $ | 1,408,196 | $ | -39,689 | |||||||
On September 30, 2012 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(Dollars in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Government agency issued CMO | $ | 205,205 | $ | -896 | $ | - | $ | - | $ | 205,205 | $ | -896 | |||||||
Total temporarily impaired securities | $ | 205,205 | $ | -896 | $ | - | $ | - | $ | 205,205 | $ | -896 |
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule Of Loans By Portfolio Segment | ' | ||||||||||||||||||||||||||||
The following table provides the balance of loans by portfolio segment as of September 30, 2013 and 2012, and December 31, 2012: | |||||||||||||||||||||||||||||
30-Sep | 31-Dec | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2012 | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial, financial, and industrial | $ | 7,746,942 | $ | 8,466,450 | $ | 8,796,956 | |||||||||||||||||||||||
Commercial real estate | 1,173,711 | 1,229,855 | 1,168,235 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Consumer real estate (a) | 5,458,047 | 5,735,904 | 5,688,703 | ||||||||||||||||||||||||||
Permanent mortgage (b) | 697,694 | 805,511 | 765,583 | ||||||||||||||||||||||||||
Credit card & other | 332,162 | 286,063 | 289,105 | ||||||||||||||||||||||||||
Loans, net of unearned income | $ | 15,408,556 | $ | 16,523,783 | $ | 16,708,582 | |||||||||||||||||||||||
Allowance for loan losses | 255,710 | 281,744 | 276,963 | ||||||||||||||||||||||||||
Total net loans | $ | 15,152,846 | $ | 16,242,039 | $ | 16,431,619 | |||||||||||||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||||||||||||
Balances as of September 30, 2013 and 2012, and December 31, 2012 include $349.3 million, $417.0 million and $402.4 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||||||||||||||||||||||||||
Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||||||||||||||||||||||||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following table reflects FHN's contractually required payments receivable, cash flows expected to be collected, and the fair value of purchase credit impaired ("PCI") loans at the acquisition date of June 7, 2013. The table has been revised from second quarter 2013 as the PCI population was finalized in third quarter 2013. | |||||||||||||||||||||||||||||
(Dollars in thousands) | 7-Jun-13 | ||||||||||||||||||||||||||||
Contractually required payments including interest | $ | 79,676 | |||||||||||||||||||||||||||
Less: nonaccretable difference | -23,750 | ||||||||||||||||||||||||||||
Cash flows expected to be collected | 55,926 | ||||||||||||||||||||||||||||
Less: accretable yield | -6,650 | ||||||||||||||||||||||||||||
Fair value of loans acquired | $ | 49,276 | |||||||||||||||||||||||||||
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 and nine months ended September 30, 2013: | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
Balance, beginning of period | $ | 6,432 | $ | - | |||||||||||||||||||||||||
Impact of acquisition/purchase on June 7, 2013 | - | 6,650 | |||||||||||||||||||||||||||
Accretion | -821 | -1,039 | |||||||||||||||||||||||||||
Adjustment for payoffs | -15 | -15 | |||||||||||||||||||||||||||
Balance, end of period | $ | 5,596 | $ | 5,596 | |||||||||||||||||||||||||
Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||
At September 30, 2013, there were no additions to the allowance for loan losses or adjustments to the nonaccretable difference. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of September 30, 2013: | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Ending balance | Unpaid balance | |||||||||||||||||||||||||||
Commercial, financial and industrial | $ | 2,410 | $ | 2,758 | |||||||||||||||||||||||||
Commercial real estate | 45,443 | 63,061 | |||||||||||||||||||||||||||
Consumer real estate | 894 | 1,309 | |||||||||||||||||||||||||||
Credit card and other | 17 | 24 | |||||||||||||||||||||||||||
Total | $ | 48,764 | $ | 67,152 | |||||||||||||||||||||||||
Rollforward Of The Allowance For Loan Losses By Portfolio Segment | ' | ||||||||||||||||||||||||||||
The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
Commercial | Consumer | Permanent | Credit Card | ||||||||||||||||||||||||||
(Dollars in thousands) | C&I | Real Estate | Real Estate | Mortgage | and Other | Total | |||||||||||||||||||||||
Balance as of July 1, 2012 | $ | 110,645 | $ | 41,546 | $ | 133,421 | $ | 29,112 | $ | 6,327 | $ | 321,051 | |||||||||||||||||
Charge-offs | -7,077 | -4,446 | -69,351 | -2,889 | -3,259 | -87,022 | |||||||||||||||||||||||
Recoveries | 1,892 | 1,240 | 2,941 | 734 | 908 | 7,715 | |||||||||||||||||||||||
Provision | 1,081 | -10,991 | 48,938 | -1,400 | 2,372 | 40,000 | |||||||||||||||||||||||
Balance as of September 30, 2012 | 106,541 | 27,349 | 115,949 | 25,557 | 6,348 | 281,744 | |||||||||||||||||||||||
Balance as of January 1, 2012 | 130,413 | 55,586 | 165,077 | 26,194 | 7,081 | 384,351 | |||||||||||||||||||||||
Charge-offs | -23,310 | -18,070 | -132,618 | -10,597 | -9,238 | -193,833 | |||||||||||||||||||||||
Recoveries | 8,568 | 2,779 | 12,255 | 1,905 | 2,719 | 28,226 | |||||||||||||||||||||||
Provision | -9,130 | -12,946 | 71,235 | 8,055 | 5,786 | 63,000 | |||||||||||||||||||||||
Balance as of September 30, 2012 | 106,541 | 27,349 | 115,949 | 25,557 | 6,348 | 281,744 | |||||||||||||||||||||||
Allowance - individually evaluated for impairment | 28,672 | 183 | 31,629 | 20,988 | 237 | 81,709 | |||||||||||||||||||||||
Allowance - collectively evaluated for impairment | 77,869 | 27,166 | 84,320 | 4,569 | 6,111 | 200,035 | |||||||||||||||||||||||
Loans, net of unearned as of September 30, 2012: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | 153,480 | 66,357 | 145,481 | 129,101 | 913 | 495,332 | |||||||||||||||||||||||
Collectively evaluated for impairment | 8,312,970 | 1,163,498 | 5,590,423 | 676,410 | 285,150 | 16,028,451 | |||||||||||||||||||||||
Total loans, net of unearned | 8,466,450 | 1,229,855 | 5,735,904 | 805,511 | 286,063 | 16,523,783 | |||||||||||||||||||||||
Balance as of July 1, 2013 | 93,502 | 13,931 | 120,848 | 27,103 | 6,550 | 261,934 | |||||||||||||||||||||||
Charge-offs | -4,869 | -515 | -16,412 | -1,366 | -2,884 | -26,046 | |||||||||||||||||||||||
Recoveries | 3,242 | 587 | 4,398 | 841 | 754 | 9,822 | |||||||||||||||||||||||
Provision | -495 | -3,010 | 11,992 | -1,022 | 2,535 | 10,000 | |||||||||||||||||||||||
Balance as of September 30, 2013 | 91,380 | 10,993 | 120,826 | 25,556 | 6,955 | 255,710 | |||||||||||||||||||||||
Balance as of January 1, 2013 | 96,191 | 19,997 | 128,949 | 24,928 | 6,898 | 276,963 | |||||||||||||||||||||||
Charge-offs | -16,201 | -2,612 | -58,792 | -6,577 | -8,236 | -92,418 | |||||||||||||||||||||||
Recoveries | 9,839 | 2,703 | 14,932 | 1,609 | 2,082 | 31,165 | |||||||||||||||||||||||
Provision | 1,551 | -9,095 | 35,737 | 5,596 | 6,211 | 40,000 | |||||||||||||||||||||||
Balance as of September 30, 2013 | 91,380 | 10,993 | 120,826 | 25,556 | 6,955 | 255,710 | |||||||||||||||||||||||
Allowance - individually evaluated for impairment | 15,702 | 1,581 | 38,426 | 18,646 | 212 | 74,567 | |||||||||||||||||||||||
Allowance - collectively evaluated for impairment | 75,678 | 9,412 | 82,400 | 6,910 | 6,743 | 181,143 | |||||||||||||||||||||||
Loans, net of unearned as of September 30, 2013: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | 102,729 | 30,266 | 170,401 | 144,036 | 648 | 448,080 | |||||||||||||||||||||||
Collectively evaluated for impairment | 7,641,803 | 1,098,002 | 5,286,752 | 553,658 | 331,497 | 14,911,712 | |||||||||||||||||||||||
Purchased credit impaired loans | 2,410 | 45,443 | 894 | - | 17 | 48,764 | |||||||||||||||||||||||
Total loans, net of unearned | $ | 7,746,942 | $ | 1,173,711 | $ | 5,458,047 | $ | 697,694 | $ | 332,162 | $ | 15,408,556 | |||||||||||||||||
Information By Class Related To Individually Impaired Loans | ' | ||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
The following tables provide information at September 30, 2013 and 2012, 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. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
At September 30, 2013 | 30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
Unpaid | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | Recorded | Income | |||||||||||||||||||||||
(Dollars in thousands) | Investment | Balance | Allowance | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||
Impaired loans with no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 34,193 | $ | 43,677 | $ | - | $ | 40,812 | $ | - | $ | 51,845 | $ | 108 | |||||||||||||||
TRUPs | 6,500 | 6,500 | - | 6,500 | - | 10,583 | - | ||||||||||||||||||||||
Income CRE | 12,939 | 24,219 | - | 17,959 | - | 24,828 | 168 | ||||||||||||||||||||||
Residential CRE | 0 | 182 | - | 5,483 | - | 10,860 | 122 | ||||||||||||||||||||||
Total | $ | 53,632 | $ | 74,578 | $ | - | $ | 70,754 | $ | - | $ | 98,116 | $ | 398 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC (a) | $ | 18,323 | $ | 40,867 | $ | - | $ | 19,016 | $ | - | $ | 20,032 | $ | - | |||||||||||||||
R/E installment loans (a) | 11,632 | 15,102 | - | 11,913 | - | 12,166 | - | ||||||||||||||||||||||
Permanent mortgage (a) | 14,531 | 14,531 | - | 14,663 | - | 14,168 | - | ||||||||||||||||||||||
Total | $ | 44,486 | $ | 70,500 | $ | - | $ | 45,592 | $ | - | $ | 46,366 | $ | - | |||||||||||||||
Impaired loans with related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 31,672 | $ | 38,075 | $ | 2,447 | $ | 27,944 | $ | 71 | $ | 16,319 | $ | 108 | |||||||||||||||
TRUPs | 33,610 | 33,610 | 13,255 | 38,655 | - | 39,185 | - | ||||||||||||||||||||||
Income CRE | 10,274 | 11,330 | 765 | 7,552 | 70 | 3,859 | 96 | ||||||||||||||||||||||
Residential CRE | 7,053 | 12,383 | 816 | 4,567 | 68 | 1,869 | 84 | ||||||||||||||||||||||
Total | $ | 82,609 | $ | 95,398 | $ | 17,283 | $ | 78,718 | $ | 209 | $ | 61,232 | $ | 288 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC | $ | 68,903 | $ | 71,708 | $ | 15,702 | $ | 68,287 | $ | 483 | $ | 65,005 | $ | 1,373 | |||||||||||||||
R/E installment loans | 71,543 | 72,686 | 22,724 | 75,084 | 336 | 72,571 | 1,025 | ||||||||||||||||||||||
Permanent mortgage | 129,505 | 129,702 | 18,646 | 127,187 | 776 | 124,421 | 2,164 | ||||||||||||||||||||||
Credit card & other | 648 | 648 | 212 | 682 | 7 | 732 | 23 | ||||||||||||||||||||||
Total | $ | 270,599 | $ | 274,744 | $ | 57,284 | $ | 271,240 | $ | 1,602 | $ | 262,729 | $ | 4,585 | |||||||||||||||
Total commercial | $ | 136,241 | $ | 169,976 | $ | 17,283 | $ | 149,472 | $ | 209 | $ | 159,348 | $ | 686 | |||||||||||||||
Total retail | $ | 315,085 | $ | 345,244 | $ | 57,284 | $ | 316,832 | $ | 1,602 | $ | 309,095 | $ | 4,585 | |||||||||||||||
Total impaired loans | $ | 451,326 | $ | 515,220 | $ | 74,567 | $ | 466,304 | $ | 1,811 | $ | 468,443 | $ | 5,271 | |||||||||||||||
All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | 30-Sep-12 | |||||||||||||||||||||||||||
Unpaid | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | Recorded | Income | |||||||||||||||||||||||
(Dollars in thousands) | Investment | Balance | Allowance | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||
Impaired loans with no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 59,215 | $ | 75,587 | $ | - | $ | 60,669 | $ | 142 | $ | 67,098 | $ | 549 | |||||||||||||||
TRUPs | 45,892 | 45,892 | - | 46,446 | - | 46,446 | - | ||||||||||||||||||||||
Income CRE | 44,956 | 69,684 | - | 48,166 | 96 | 56,305 | 249 | ||||||||||||||||||||||
Residential CRE | 19,993 | 36,108 | - | 21,167 | 70 | 22,142 | 204 | ||||||||||||||||||||||
Total | $ | 170,056 | $ | 227,271 | $ | - | $ | 176,448 | $ | 308 | $ | 191,991 | $ | 1,002 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC (a) | $ | 13,086 | $ | 40,222 | $ | - | $ | 142 | $ | - | $ | 48 | $ | - | |||||||||||||||
R/E installment loans (a) | 8,696 | 24,263 | - | 95 | - | 32 | - | ||||||||||||||||||||||
Permanent mortgage (a) | 13,282 | 17,040 | - | 144 | - | 48 | - | ||||||||||||||||||||||
Total | $ | 35,064 | $ | 81,525 | $ | - | $ | 381 | $ | - | $ | 128 | $ | - | |||||||||||||||
Impaired loans with related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
General C&I | $ | 20,580 | $ | 22,374 | $ | 7,351 | $ | 19,764 | $ | 33 | $ | 17,512 | $ | 100 | |||||||||||||||
TRUPs | 33,700 | 33,700 | 21,321 | 33,700 | - | 33,700 | - | ||||||||||||||||||||||
Income CRE | 1,408 | 1,408 | 183 | 1,469 | 14 | 1,815 | 43 | ||||||||||||||||||||||
Residential CRE | - | - | - | 8,700 | - | 10,577 | - | ||||||||||||||||||||||
Total | $ | 55,688 | $ | 57,482 | $ | 28,855 | $ | 63,633 | $ | 47 | $ | 63,604 | $ | 143 | |||||||||||||||
Retail: | |||||||||||||||||||||||||||||
HELOC | $ | 57,020 | $ | 57,422 | $ | 12,980 | $ | 57,097 | $ | 389 | $ | 53,469 | $ | 1,173 | |||||||||||||||
R/E installment loans | 66,679 | 67,053 | 18,649 | 67,272 | 294 | 68,444 | 835 | ||||||||||||||||||||||
Permanent mortgage | 115,819 | 115,880 | 20,988 | 117,679 | 714 | 94,442 | 2,104 | ||||||||||||||||||||||
Credit card & other | 913 | 913 | 237 | 923 | 2 | 1,015 | 23 | ||||||||||||||||||||||
Total | $ | 240,431 | $ | 241,268 | $ | 52,854 | $ | 242,971 | $ | 1,399 | $ | 217,370 | $ | 4,135 | |||||||||||||||
Total commercial | $ | 225,744 | $ | 284,753 | $ | 28,855 | $ | 240,081 | $ | 355 | $ | 255,595 | $ | 1,145 | |||||||||||||||
Total retail | $ | 275,495 | $ | 322,793 | $ | 52,854 | $ | 243,352 | $ | 1,399 | $ | 217,498 | $ | 4,135 | |||||||||||||||
Total impaired loans | $ | 501,239 | $ | 607,546 | $ | 81,709 | $ | 483,433 | $ | 1,754 | $ | 473,093 | $ | 5,280 | |||||||||||||||
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 September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Loans to | Allowance | ||||||||||||||||||||||||||||
General | Mortgage | Income | Residential | Percentage | for Loan | ||||||||||||||||||||||||
(Dollars in thousands) | C&I | Companies | TRUPS (a) | CRE | CRE | Total | of Total | Losses | |||||||||||||||||||||
PD Grade: | |||||||||||||||||||||||||||||
1 | $ | 228,555 | $ | - | $ | - | $ | - | $ | - | $ | 228,555 | 3 | % | $ | 81 | |||||||||||||
2 | 179,955 | - | - | - | - | 179,955 | 2 | 79 | |||||||||||||||||||||
3 | 194,880 | - | - | 2,687 | - | 197,567 | 2 | 224 | |||||||||||||||||||||
4 | 311,097 | - | - | - | - | 311,097 | 4 | 517 | |||||||||||||||||||||
5 | 790,748 | - | - | 11,823 | 216 | 802,787 | 9 | 1,363 | |||||||||||||||||||||
6 | 938,609 | 40,200 | - | 44,311 | 286 | 1,023,406 | 12 | 1,973 | |||||||||||||||||||||
7 | 1,125,031 | 202,128 | - | 228,814 | 9,978 | 1,565,951 | 17 | 3,377 | |||||||||||||||||||||
8 | 881,668 | 308,282 | - | 202,417 | 5,058 | 1,397,425 | 16 | 4,895 | |||||||||||||||||||||
9 | 615,180 | 152,275 | - | 203,308 | 1,499 | 972,262 | 11 | 7,981 | |||||||||||||||||||||
10 | 451,318 | 29,008 | - | 139,026 | 1,066 | 620,418 | 7 | 8,640 | |||||||||||||||||||||
11 | 399,082 | 473 | - | 69,945 | 277 | 469,777 | 5 | 10,338 | |||||||||||||||||||||
12 | 124,916 | - | - | 57,534 | 1,224 | 183,674 | 2 | 2,425 | |||||||||||||||||||||
13 | 159,675 | - | 332,707 | 33,439 | 1,324 | 527,145 | 6 | 8,596 | |||||||||||||||||||||
14,15,16 | 172,346 | 335 | 3,335 | 73,737 | 10,033 | 259,786 | 3 | 34,601 | |||||||||||||||||||||
Collectively evaluated for impairment | 6,573,060 | 732,701 | 336,042 | 1,067,041 | 30,961 | 8,739,805 | 99 | 85,090 | |||||||||||||||||||||
Individually evaluated for impairment | 65,865 | - | 36,864 | 23,213 | 7,053 | 132,995 | 1 | 17,283 | |||||||||||||||||||||
Total commercial loans | $ | 6,638,925 | $ | 732,701 | $ | 372,906 | $ | 1,090,254 | $ | 38,014 | $ | 8,872,800 | (b) | 100 | % | $ | 102,373 | ||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Loans to | Allowance | ||||||||||||||||||||||||||||
General | Mortgage | Income | Residential | Percent of | for Loan | ||||||||||||||||||||||||
(Dollars in thousands) | C&I | Companies | TRUPS (a) | CRE | CRE | Total | Total | Losses | |||||||||||||||||||||
PD Grade: | |||||||||||||||||||||||||||||
1 | $ | 213,872 | $ | - | $ | - | $ | - | $ | - | $ | 213,872 | 2 | % | $ | 54 | |||||||||||||
2 | 183,044 | - | - | 2,557 | - | 185,601 | 2 | 93 | |||||||||||||||||||||
3 | 129,183 | - | - | 8,210 | - | 137,393 | 1 | 79 | |||||||||||||||||||||
4 | 255,875 | - | - | 5,660 | 26 | 261,561 | 3 | 226 | |||||||||||||||||||||
5 | 500,389 | - | - | 28,115 | 117 | 528,621 | 6 | 1,027 | |||||||||||||||||||||
6 | 899,007 | 129,816 | - | 166,183 | 5,024 | 1,200,030 | 12 | 3,002 | |||||||||||||||||||||
7 | 997,337 | 327,812 | - | 156,309 | 4,056 | 1,485,514 | 15 | 7,868 | |||||||||||||||||||||
8 | 936,437 | 959,623 | - | 172,200 | 515 | 2,068,775 | 21 | 12,028 | |||||||||||||||||||||
9 | 651,137 | 186,130 | - | 172,544 | 1,375 | 1,011,186 | 10 | 10,084 | |||||||||||||||||||||
10 | 508,520 | 33,302 | - | 96,892 | 1,336 | 640,050 | 7 | 8,103 | |||||||||||||||||||||
11 | 462,654 | - | - | 84,635 | 2,024 | 549,313 | 6 | 9,112 | |||||||||||||||||||||
12 | 175,688 | - | - | 11,848 | 1,278 | 188,814 | 2 | 2,709 | |||||||||||||||||||||
13 | 154,787 | - | 338,177 | 75,408 | 3,705 | 572,077 | 6 | 9,211 | |||||||||||||||||||||
14,15,16 | 270,180 | - | - | 133,941 | 29,540 | 433,661 | 5 | 41,439 | |||||||||||||||||||||
Collectively evaluated for impairment | 6,338,110 | 1,636,683 | 338,177 | 1,114,502 | 48,996 | 9,476,468 | 98 | 105,035 | |||||||||||||||||||||
Individually evaluated for impairment | 79,795 | - | 73,685 | 46,364 | 19,993 | 219,837 | 2 | 28,855 | |||||||||||||||||||||
Total commercial loans | $ | 6,417,905 | $ | 1,636,683 | $ | 411,862 | $ | 1,160,866 | $ | 68,989 | $ | 9,696,305 | 100 | % | $ | 133,890 | |||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||||||||||||
Balances as of September 30, 2013 and 2012, presented net of $29.4 million and $34.2 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". | |||||||||||||||||||||||||||||
Balance as of September 30, 2013, excludes PCI loans amounting to $47.9 million. | |||||||||||||||||||||||||||||
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 September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
HELOC | |||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
Average | Average | Average | Average | ||||||||||||||||||||||||||
Period End | Origination | Refreshed | Period End | Origination | Refreshed | ||||||||||||||||||||||||
Origination Vintage | Balance | FICO | FICO | Balance | FICO | FICO | |||||||||||||||||||||||
pre-2003 | $ | 88,416 | 711 | 702 | $ | 135,605 | 718 | 710 | |||||||||||||||||||||
2003 | 163,576 | 728 | 714 | 235,546 | 733 | 724 | |||||||||||||||||||||||
2004 | 421,542 | 727 | 717 | 514,791 | 728 | 718 | |||||||||||||||||||||||
2005 | 548,756 | 733 | 720 | 642,027 | 734 | 719 | |||||||||||||||||||||||
2006 | 400,023 | 741 | 725 | 474,706 | 741 | 726 | |||||||||||||||||||||||
2007 | 421,964 | 744 | 728 | 498,011 | 745 | 729 | |||||||||||||||||||||||
2008 | 233,642 | 754 | 747 | 267,346 | 755 | 748 | |||||||||||||||||||||||
2009 | 121,555 | 750 | 744 | 152,687 | 753 | 748 | |||||||||||||||||||||||
2010 | 120,022 | 753 | 750 | 150,243 | 754 | 752 | |||||||||||||||||||||||
2011 | 119,553 | 758 | 754 | 146,768 | 759 | 758 | |||||||||||||||||||||||
2012 | 145,507 | 759 | 759 | 117,905 | 761 | 759 | |||||||||||||||||||||||
2013 | 111,976 | 762 | 761 | - | - | - | |||||||||||||||||||||||
Total | $ | 2,896,532 | 741 | 730 | $ | 3,335,635 | 740 | 731 | |||||||||||||||||||||
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans | ' | ||||||||||||||||||||||||||||
R/E Installment Loans | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
(Dollars in thousands) | Average | Average | Average | Average | |||||||||||||||||||||||||
Period End | Origination | Refreshed | Period End | Origination | Refreshed | ||||||||||||||||||||||||
Origination Vintage | Balance | FICO | FICO | Balance | FICO | FICO | |||||||||||||||||||||||
pre-2003 | $ | 26,603 | 682 | 684 | $ | 41,783 | 686 | 686 | |||||||||||||||||||||
2003 | 81,915 | 716 | 725 | 122,330 | 721 | 730 | |||||||||||||||||||||||
2004 | 58,244 | 701 | 699 | 78,439 | 707 | 706 | |||||||||||||||||||||||
2005 | 170,742 | 717 | 711 | 224,780 | 718 | 713 | |||||||||||||||||||||||
2006 | 183,847 | 716 | 701 | 244,101 | 719 | 703 | |||||||||||||||||||||||
2007 | 264,851 | 725 | 709 | 338,306 | 728 | 711 | |||||||||||||||||||||||
2008 | 91,883 | 723 | 720 | 122,014 | 728 | 720 | |||||||||||||||||||||||
2009 | 39,549 | 742 | 736 | 67,590 | 748 | 744 | |||||||||||||||||||||||
2010 | 131,004 | 747 | 754 | 163,618 | 745 | 751 | |||||||||||||||||||||||
2011 | 347,315 | 761 | 761 | 428,167 | 760 | 759 | |||||||||||||||||||||||
2012 | 707,972 | 764 | 764 | 569,141 | 765 | 761 | |||||||||||||||||||||||
2013 | 457,590 | 758 | 754 | - | - | - | |||||||||||||||||||||||
Total | $ | 2,561,515 | 746 | 742 | $ | 2,400,269 | 741 | 733 | |||||||||||||||||||||
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans | ' | ||||||||||||||||||||||||||||
Permanent Mortgage | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
(Dollars in thousands) | Average | Average | Average | Average | |||||||||||||||||||||||||
Period End | Origination | Refreshed | Period End | Origination | Refreshed | ||||||||||||||||||||||||
Origination Vintage | Balance | FICO | FICO | Balance | FICO | FICO | |||||||||||||||||||||||
pre-2004 | $ | 205,111 | 725 | 725 | $ | 220,499 | 726 | 729 | |||||||||||||||||||||
2004 | 24,595 | 712 | 693 | 31,422 | 715 | 692 | |||||||||||||||||||||||
2005 | 41,643 | 738 | 712 | 52,058 | 739 | 716 | |||||||||||||||||||||||
2006 | 81,932 | 731 | 711 | 94,898 | 734 | 706 | |||||||||||||||||||||||
2007 | 236,819 | 733 | 710 | 275,594 | 734 | 711 | |||||||||||||||||||||||
2008 | 107,594 | 741 | 714 | 131,040 | 742 | 712 | |||||||||||||||||||||||
Total | $ | 697,694 | 731 | 713 | $ | 805,511 | 732 | 712 | |||||||||||||||||||||
Accruing Delinquency Amounts For Credit Card And Other Portfolio Classes | ' | ||||||||||||||||||||||||||||
The following table reflects accruing delinquency amounts for the credit card and other portfolio classes as of September 30: | |||||||||||||||||||||||||||||
Credit Card | Other | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Accruing delinquent balances: | |||||||||||||||||||||||||||||
30-89 days past due | $ | 1,480 | $ | 1,666 | $ | 803 | $ | 594 | |||||||||||||||||||||
90+ days past due | 1,258 | 1,352 | 138 | 477 | |||||||||||||||||||||||||
Total | $ | 2,738 | $ | 3,018 | $ | 941 | $ | 1,071 | |||||||||||||||||||||
Accruing And Non-Accruing Loans By Class | ' | ||||||||||||||||||||||||||||
The following table reflects accruing and non-accruing loans by class on September 30, 2013: | |||||||||||||||||||||||||||||
Accruing | Non-Accruing | ||||||||||||||||||||||||||||
30-89 | 90+ | 30-89 | 90+ | Total | |||||||||||||||||||||||||
Days | Days | Total | Days | Days | Non- | Total | |||||||||||||||||||||||
(Dollars in thousands) | Current | Past Due | Past Due | Accruing | Current | Past Due | Past Due | Accruing | Loans | ||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | $ | 6,565,838 | $ | 7,314 | $ | 247 | $ | 6,573,399 | $ | 33,582 | $ | 3,610 | $ | 28,334 | $ | 65,526 | $ | 6,638,925 | |||||||||||
Loans to mortgage companies | 731,684 | 682 | - | 732,366 | - | - | 335 | 335 | 732,701 | ||||||||||||||||||||
TRUPs (a) | 336,042 | - | - | 336,042 | - | - | 36,864 | 36,864 | 372,906 | ||||||||||||||||||||
Purchased credit impaired loans | 1,942 | 468 | - | 2,410 | - | - | - | - | 2,410 | ||||||||||||||||||||
Total commercial (C&I) | 7,635,506 | 8,464 | 247 | 7,644,217 | 33,582 | 3,610 | 65,533 | 102,725 | 7,746,942 | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 1,063,940 | 5,438 | 283 | 1,069,661 | 6,791 | - | 13,802 | 20,593 | 1,090,254 | ||||||||||||||||||||
Residential CRE | 33,442 | 177 | - | 33,619 | 285 | - | 4,110 | 4,395 | 38,014 | ||||||||||||||||||||
Purchased credit impaired loans | 44,241 | 637 | 565 | 45,443 | - | - | - | - | 45,443 | ||||||||||||||||||||
Total commercial real estate | 1,141,623 | 6,252 | 848 | 1,148,723 | 7,076 | - | 17,912 | 24,988 | 1,173,711 | ||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 2,778,336 | 24,072 | 12,641 | 2,815,049 | 61,733 | 5,521 | 14,229 | 81,483 | 2,896,532 | ||||||||||||||||||||
R/E installment loans | 2,499,516 | 14,156 | 6,475 | 2,520,147 | 29,549 | 3,048 | 7,877 | 40,474 | 2,560,621 | ||||||||||||||||||||
Purchased credit impaired loans | 894 | - | - | 894 | - | - | - | - | 894 | ||||||||||||||||||||
Total consumer real estate | 5,278,746 | 38,228 | 19,116 | 5,336,090 | 91,282 | 8,569 | 22,106 | 121,957 | 5,458,047 | ||||||||||||||||||||
Permanent mortgage | 643,385 | 5,097 | 12,239 | 660,721 | 13,518 | 1,321 | 22,134 | 36,973 | 697,694 | ||||||||||||||||||||
Credit card & other | |||||||||||||||||||||||||||||
Credit card | 186,749 | 1,480 | 1,258 | 189,487 | - | - | - | - | 189,487 | ||||||||||||||||||||
Other | 140,318 | 803 | 138 | 141,259 | 1,399 | - | - | 1,399 | 142,658 | ||||||||||||||||||||
Purchased credit impaired loans | 17 | - | - | 17 | - | - | - | - | 17 | ||||||||||||||||||||
Total credit card & other | 327,084 | 2,283 | 1,396 | 330,763 | 1,399 | - | - | 1,399 | 332,162 | ||||||||||||||||||||
Total loans, net of unearned | $ | 15,026,344 | $ | 60,324 | $ | 33,846 | $ | 15,120,514 | $ | 146,857 | $ | 13,500 | $ | 127,685 | $ | 288,042 | $ | 15,408,556 | |||||||||||
Total TRUPs includes LOCOM valuation allowance of $29.4 million. | |||||||||||||||||||||||||||||
The following table reflects accruing and non-accruing loans by class on September 30, 2012: | |||||||||||||||||||||||||||||
Accruing | Non-Accruing | ||||||||||||||||||||||||||||
30-89 | 90+ | 30-89 | 90+ | Total | |||||||||||||||||||||||||
Days | Days | Total | Days | Days | Non- | Total | |||||||||||||||||||||||
(Dollars in thousands) | Current | Past Due | Past Due | Accruing | Current | Past Due | Past Due | Accruing | Loans | ||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | $ | 6,315,340 | $ | 25,221 | $ | 428 | $ | 6,340,989 | $ | 36,480 | $ | 9,734 | $ | 30,702 | $ | 76,916 | $ | 6,417,905 | |||||||||||
Loans to mortgage companies | 1,636,683 | - | - | 1,636,683 | - | - | - | - | 1,636,683 | ||||||||||||||||||||
TRUPs (a) | 338,177 | - | - | 338,177 | - | - | 73,685 | 73,685 | 411,862 | ||||||||||||||||||||
Total commercial (C&I) | 8,290,200 | 25,221 | 428 | 8,315,849 | 36,480 | 9,734 | 104,387 | 150,601 | 8,466,450 | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 1,111,616 | 2,393 | - | 1,114,009 | 10,552 | 3,689 | 32,616 | 46,857 | 1,160,866 | ||||||||||||||||||||
Residential CRE | 51,288 | 823 | - | 52,111 | 1,654 | 126 | 15,098 | 16,878 | 68,989 | ||||||||||||||||||||
Total commercial real estate | 1,162,904 | 3,216 | - | 1,166,120 | 12,206 | 3,815 | 47,714 | 63,735 | 1,229,855 | ||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 3,246,585 | 36,223 | 18,774 | 3,301,582 | 20,990 | 1,195 | 11,868 | 34,053 | 3,335,635 | ||||||||||||||||||||
R/E installment loans | 2,350,465 | 18,332 | 10,185 | 2,378,982 | 12,954 | 2,470 | 5,863 | 21,287 | 2,400,269 | ||||||||||||||||||||
Total consumer real estate | 5,597,050 | 54,555 | 28,959 | 5,680,564 | 33,944 | 3,665 | 17,731 | 55,340 | 5,735,904 | ||||||||||||||||||||
Permanent mortgage | 748,470 | 15,241 | 7,774 | 771,485 | 18,165 | 2,095 | 13,766 | 34,026 | 805,511 | ||||||||||||||||||||
Credit card & other | |||||||||||||||||||||||||||||
Credit card | 183,893 | 1,666 | 1,352 | 186,911 | - | - | - | - | 186,911 | ||||||||||||||||||||
Other | 96,245 | 594 | 477 | 97,316 | 1,835 | 1 | - | 1,836 | 99,152 | ||||||||||||||||||||
Total credit card & other | 280,138 | 2,260 | 1,829 | 284,227 | 1,835 | 1 | - | 1,836 | 286,063 | ||||||||||||||||||||
Total loans, net of unearned | $ | 16,078,762 | $ | 100,493 | $ | 38,990 | $ | 16,218,245 | $ | 102,630 | $ | 19,310 | $ | 183,598 | $ | 305,538 | $ | 16,523,783 | |||||||||||
Total TRUPs includes LOCOM valuation allowance of $34.2 million. | |||||||||||||||||||||||||||||
Schedule Of Troubled Debt Restructurings Occurring During The Year | ' | ||||||||||||||||||||||||||||
The following tables reflect portfolio loans (excluding acquired loans) that were classified as TDRs during the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||
(Dollars in thousands) | Number | Recorded Investment | Recorded Investment | Number | Recorded Investment | Recorded Investment | |||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 2 | $ | 1,161 | $ | 1,134 | 10 | $ | 17,350 | $ | 17,313 | |||||||||||||||||||
Total commercial (C&I) | 2 | 1,161 | 1,134 | 10 | 17,350 | 17,313 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | - | - | - | 1 | 288 | 288 | |||||||||||||||||||||||
Residential CRE | - | - | - | - | - | - | |||||||||||||||||||||||
Total commercial real estate | - | - | - | 1 | 288 | 288 | |||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 72 | 5,212 | 5,194 | 279 | 21,729 | 21,479 | |||||||||||||||||||||||
R/E installment loans | 70 | 4,589 | 4,541 | 346 | 24,264 | 24,100 | |||||||||||||||||||||||
Total consumer real estate | 142 | 9,801 | 9,735 | 625 | 45,993 | 45,579 | |||||||||||||||||||||||
Permanent mortgage | 15 | 3,864 | 4,074 | 41 | 16,907 | 17,311 | |||||||||||||||||||||||
Credit card & other | 13 | 44 | 39 | 41 | 198 | 187 | |||||||||||||||||||||||
Total troubled debt restructurings | 172 | $ | 14,870 | $ | 14,982 | 718 | $ | 80,736 | $ | 80,678 | |||||||||||||||||||
Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||
(Dollars in thousands) | Number | Recorded Investment | Recorded Investment | Number | Recorded Investment | Recorded Investment | |||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 8 | $ | 4,285 | $ | 4,244 | 19 | $ | 22,406 | $ | 22,264 | |||||||||||||||||||
Total commercial (C&I) | 8 | 4,285 | 4,244 | 19 | 22,406 | 22,264 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 3 | 4,538 | 4,144 | 9 | 13,045 | 12,502 | |||||||||||||||||||||||
Residential CRE | - | - | - | 2 | 88 | 87 | |||||||||||||||||||||||
Total commercial real estate | 3 | 4,538 | 4,144 | 11 | 13,133 | 12,589 | |||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 737 | 17,087 | 16,916 | 831 | 27,730 | 27,511 | |||||||||||||||||||||||
R/E installment loans | 567 | 13,604 | 13,445 | 677 | 26,782 | 25,710 | |||||||||||||||||||||||
Total consumer real estate | 1,304 | 30,691 | 30,361 | 1,508 | 54,512 | 53,221 | |||||||||||||||||||||||
Permanent mortgage | 61 | 16,641 | 16,648 | 123 | 66,308 | 66,710 | |||||||||||||||||||||||
Credit card & other | 26 | 101 | 97 | 188 | 1,063 | 1,025 | |||||||||||||||||||||||
Total troubled debt restructurings | 1,402 | $ | 56,256 | $ | 55,494 | 1,849 | $ | 157,422 | $ | 155,809 | |||||||||||||||||||
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months | ' | ||||||||||||||||||||||||||||
The following table presents TDRs which were re-defaulted during the three and nine months ended September 30, 2013 and 2012, 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 were in default 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 a loan being 30 plus days past due. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Investment | Number | Investment | |||||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 6 | $ | 1,870 | 8 | $ | 5,977 | |||||||||||||||||||||||
Total commercial (C&I) | 6 | 1,870 | 8 | 5,977 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 3 | 750 | 4 | 1,548 | |||||||||||||||||||||||||
Residential CRE | - | - | 1 | 33 | |||||||||||||||||||||||||
Total commercial real estate | 3 | 750 | 5 | 1,581 | |||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 1 | 35 | 10 | 512 | |||||||||||||||||||||||||
R/E installment loans | 3 | 229 | 6 | 350 | |||||||||||||||||||||||||
Total consumer real estate | 4 | 264 | 16 | 862 | |||||||||||||||||||||||||
Permanent mortgage | 4 | 2,071 | 14 | 6,507 | |||||||||||||||||||||||||
Credit card & other | 8 | 34 | 15 | 61 | |||||||||||||||||||||||||
Total troubled debt restructurings | 25 | $ | 4,989 | 58 | $ | 14,988 | |||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Investment | Number | Investment | |||||||||||||||||||||||||
Commercial (C&I): | |||||||||||||||||||||||||||||
General C&I | 9 | $ | 8,559 | 27 | $ | 21,618 | |||||||||||||||||||||||
Total commercial (C&I) | 9 | 8,559 | 27 | 21,618 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Income CRE | 9 | 10,396 | 19 | 18,840 | |||||||||||||||||||||||||
Residential CRE | 1 | 73 | 3 | 259 | |||||||||||||||||||||||||
Total commercial real estate | 10 | 10,469 | 22 | 19,099 | |||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||
HELOC | 15 | 1,749 | 31 | 3,379 | |||||||||||||||||||||||||
R/E installment loans | 4 | 210 | 33 | 3,392 | |||||||||||||||||||||||||
Total consumer real estate | 19 | 1,959 | 64 | 6,771 | |||||||||||||||||||||||||
Permanent mortgage | 6 | 2,743 | 9 | 3,515 | |||||||||||||||||||||||||
Credit card & other | 4 | 17 | 19 | 69 | |||||||||||||||||||||||||
Total troubled debt restructurings | 48 | $ | 23,747 | 141 | $ | 51,072 |
Mortgage_Servicing_Rights_Tabl
Mortgage Servicing Rights (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Mortgage Servicing Rights [Abstract] | ' | ||||||||||||
Summary Of Changes In Capitalized MSR | ' | ||||||||||||
Following is a summary of changes in capitalized MSR as of September 30, 2013 and 2012: | |||||||||||||
(Dollars in thousands) | First Liens | Second Liens | HELOC | Total | |||||||||
Fair value on January 1, 2012 | $ | 140,724 | $ | 231 | $ | 3,114 | $ | 144,069 | |||||
Reductions due to loan payments | -18,214 | -26 | -257 | -18,497 | |||||||||
Reductions due to exercise of cleanup calls | -494 | - | - | -494 | |||||||||
Changes in fair value due to: | |||||||||||||
Changes in valuation model inputs or assumptions | -4,503 | - | - | -4,503 | |||||||||
Other changes in fair value | -73 | - | 35 | -38 | |||||||||
Fair value on September 30, 2012 | $ | 117,440 | $ | 205 | $ | 2,892 | $ | 120,537 | |||||
Fair value on January 1, 2013 | $ | 111,314 | $ | 196 | $ | 2,801 | $ | 114,311 | |||||
Reductions due to loan payments | -16,980 | -75 | -342 | -17,397 | |||||||||
Reductions due to exercise of cleanup calls | -495 | - | - | -495 | |||||||||
Changes in fair value due to: | |||||||||||||
Changes in valuation model inputs or assumptions | 20,267 | - | - | 20,267 | |||||||||
Other changes in fair value | -89 | 45 | 44 | - | |||||||||
Fair value on September 30, 2013 | $ | 114,017 | $ | 166 | $ | 2,503 | $ | 116,686 |
Intangible_Assets_Tables
Intangible Assets (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Intangible Assets [Abstract] | ' | ||||||||||||||||||
Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements | ' | ||||||||||||||||||
The following is a summary of intangible assets, net of accumulated amortization, included in the Consolidated Condensed Statements of Condition: | |||||||||||||||||||
Other | |||||||||||||||||||
Intangible | |||||||||||||||||||
(Dollars in thousands) | Goodwill | Assets (a) | |||||||||||||||||
December 31, 2011 | $ | 133,659 | $ | 26,243 | |||||||||||||||
Amortization expense | - | -2,931 | |||||||||||||||||
Additions | 583 | 367 | |||||||||||||||||
September 30, 2012 | $ | 134,242 | $ | 23,679 | |||||||||||||||
December 31, 2012 | $ | 134,242 | $ | 22,700 | |||||||||||||||
Amortization expense | - | -2,784 | |||||||||||||||||
Additions | 6,237 | 2,300 | |||||||||||||||||
September 30, 2013 | $ | 140,479 | $ | 22,216 | |||||||||||||||
Represents customer lists, acquired contracts, premium on purchased deposits, and covenants not to compete. | |||||||||||||||||||
Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments | ' | ||||||||||||||||||
The following is a summary of gross goodwill and accumulated impairment losses and write-offs detailed by reportable segments included in the Consolidated Condensed Statements of Condition through September 30, 2013. Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning on January 1, 2002, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. | |||||||||||||||||||
Regional | Capital | ||||||||||||||||||
(Dollars in thousands) | Non-Strategic | Banking | Markets | Total | |||||||||||||||
Gross goodwill | $ | 199,995 | $ | 36,238 | $ | 97,421 | $ | 333,654 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
31-Dec-11 | $ | - | $ | 36,238 | $ | 97,421 | $ | 133,659 | |||||||||||
Additions | - | - | 583 | 583 | |||||||||||||||
Impairments | - | - | - | - | |||||||||||||||
Divestitures | - | - | - | - | |||||||||||||||
Net change in goodwill during 2012 | - | - | 583 | 583 | |||||||||||||||
Gross goodwill | $ | 199,995 | $ | 36,238 | $ | 98,004 | $ | 334,237 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
30-Sep-12 | $ | - | $ | 36,238 | $ | 98,004 | $ | 134,242 | |||||||||||
Gross goodwill | $ | 199,995 | $ | 36,238 | $ | 98,004 | $ | 334,237 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
31-Dec-12 | $ | - | $ | 36,238 | $ | 98,004 | $ | 134,242 | |||||||||||
Additions | - | 6,237 | - | 6,237 | |||||||||||||||
Impairments | - | - | - | - | |||||||||||||||
Divestitures | - | - | - | - | |||||||||||||||
Net change in goodwill during 2013 | - | 6,237 | - | 6,237 | |||||||||||||||
Gross goodwill | $ | 199,995 | $ | 42,475 | $ | 98,004 | $ | 340,474 | |||||||||||
Accumulated impairments | -114,123 | - | - | -114,123 | |||||||||||||||
Accumulated divestiture related write-offs | -85,872 | - | - | -85,872 | |||||||||||||||
30-Sep-13 | $ | - | $ | 42,475 | $ | 98,004 | $ | 140,479 |
Other_Income_And_Other_Expense1
Other Income And Other Expense (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Other Income And Other Expense [Abstract] | ' | ||||||||||||
Other Income And Other Expense | ' | ||||||||||||
Following is detail of All other income and commissions and All other expense as presented in the Consolidated Condensed Statements of Income: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
All other income and commissions: | |||||||||||||
Bankcard income | $ | 5,303 | $ | 5,298 | $ | 15,484 | $ | 16,618 | |||||
Other service charges | 3,707 | 3,263 | 10,296 | 9,768 | |||||||||
Bank-owned life insurance | 3,560 | 4,293 | 12,978 | 13,724 | |||||||||
ATM interchange fees | 2,680 | 2,579 | 7,691 | 7,804 | |||||||||
Deferred compensation (a) | 2,160 | 1,966 | 3,475 | 4,065 | |||||||||
Electronic banking fees | 1,607 | 1,589 | 4,754 | 4,927 | |||||||||
Letter of credit fees | 1,171 | 1,072 | 3,866 | 3,966 | |||||||||
Other | 3,996 | 6,280 | 11,230 | 16,535 | |||||||||
Total | $ | 24,184 | $ | 26,340 | $ | 69,774 | $ | 77,407 | |||||
All other expense: | |||||||||||||
Advertising and public relations | $ | 5,486 | $ | 4,121 | $ | 13,554 | $ | 11,524 | |||||
Other insurance and taxes | 3,215 | 1,327 | 9,337 | 7,656 | |||||||||
Tax credit investments | 3,079 | 5,635 | 9,040 | 14,457 | |||||||||
Travel and entertainment | 2,400 | 2,009 | 6,620 | 6,308 | |||||||||
Employee training and dues | 1,244 | 1,032 | 3,727 | 3,354 | |||||||||
Customer relations | 1,204 | 1,027 | 3,737 | 3,230 | |||||||||
Supplies | 950 | 881 | 2,710 | 2,731 | |||||||||
Bank examinations costs | 819 | 816 | 2,476 | 2,415 | |||||||||
Loan insurance expense | 490 | 578 | 1,533 | 1,803 | |||||||||
Federal service fees | 276 | 323 | 840 | 972 | |||||||||
Litigation and regulatory matters | 229 | 6,760 | 6,299 | 29,013 | |||||||||
Other | 7,376 | 5,478 | 18,926 | 25,108 | |||||||||
Total | $ | 26,768 | $ | 29,987 | $ | 78,799 | $ | 108,571 | |||||
Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense. | |||||||||||||
Changes_In_AOCI_Balances_Table
Changes In AOCI Balances (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Changes In Accumulated Other Comprehensive Income Balances [Abstract] | ' | |||||||||||||
Schedule Of Changes In Accumulated Other Comprehensive Income Balances By Component Net Of Tax | ' | |||||||||||||
The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and nine months ended September 30, 2013 : | ||||||||||||||
(Dollars in thousands, unless otherwise noted) | Unrealized Gain/(Loss) On Securities Available-For-Sale | Pension and Post Retirement Plans | Total | |||||||||||
Balance as of July 1, 2013 | $ | 9,439 | $ | -198,104 | $ | -188,665 | ||||||||
Other comprehensive income before reclassifications, Net of tax expense of $1.1 million for unrealized gain/(loss) on securities available-for-sale | 1,714 | - | 1,714 | |||||||||||
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $6.6 million for pension and post retirement plans | - | 10,560 | 10,560 | |||||||||||
Net current period other comprehensive income, Net of tax expense of $1.1 million and $6.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively | 1,714 | 10,560 | 12,274 | |||||||||||
Balance as of September 30, 2013 | $ | 11,153 | $ | -187,544 | $ | -176,391 | ||||||||
Balance as of January 1, 2013 | $ | 55,250 | $ | -201,593 | $ | -146,343 | ||||||||
Other comprehensive income before reclassifications, Net of tax benefit of $27.6 million and tax expense $.1 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively | -44,097 | 169 | -43,928 | |||||||||||
Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $8.7 million for pension and post retirement plans | - | 13,880 | 13,880 | |||||||||||
Net current period other comprehensive income, Net of tax benefit of $27.6 million and tax expense of $8.8 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively | -44,097 | 14,049 | -30,048 | |||||||||||
Balance as of September 30, 2013 | $ | 11,153 | $ | -187,544 | $ | -176,391 |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule Of Reconciliation Of The Numerators Used In Calculating Earnings/(Loss) Per Share | ' | ||||||||||||
The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Income/(loss) from continuing operations | $ | -103,149 | $ | 28,574 | $ | -13,375 | $ | -60,037 | |||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | |||||||||
Net income/(loss) | -103,026 | 28,682 | -12,821 | -59,877 | |||||||||
Net income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | |||||||||
Net income/(loss) attributable to controlling interest | -105,901 | 25,807 | -21,352 | -68,440 | |||||||||
Preferred stock dividends | 1,550 | - | 4,288 | - | |||||||||
Net income/(loss) available to common shareholders | $ | -107,451 | $ | 25,807 | $ | -25,640 | $ | -68,440 | |||||
Income/(loss) from continuing operations | $ | -103,149 | $ | 28,574 | $ | -13,375 | $ | -60,037 | |||||
Net income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | |||||||||
Preferred stock dividends | 1,550 | - | 4,288 | - | |||||||||
Net income/(loss) from continuing operations available to common shareholders | $ | -107,574 | $ | 25,699 | $ | -26,194 | $ | -68,600 | |||||
Schedule Of Reconciliation Of Weighted Average Common Shares To Diluted Average Common Shares | ' | ||||||||||||
The following table provides a reconciliation of weighted average common shares to diluted average common shares: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Shares in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Weighted average common shares outstanding - basic | 236,895 | 246,628 | 238,990 | 249,742 | |||||||||
Effect of dilutive securities | - | 1,678 | - | - | |||||||||
Weighted average common shares outstanding - diluted | 236,895 | 248,306 | 238,990 | 249,742 | |||||||||
Schedule Of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share | ' | ||||||||||||
The following tables provide a reconciliation of earnings/(loss) per common and diluted share: | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
Earnings/(loss) per common share: | 2013 | 2012 | 2013 | 2012 | |||||||||
Income/(loss) per share from continuing operations available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
Income/(loss) per share from discontinued operations, net of tax | - | - | - | - | |||||||||
Net income/(loss) per share available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
Diluted earnings/(loss) per common share: | |||||||||||||
Diluted income/(loss) per share from continuing operations available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 | |||||
Diluted income/(loss) per share from discontinued operations, net of tax | - | - | - | - | |||||||||
Diluted income/(loss) per share available to common shareholders | $ | -0.45 | $ | 0.1 | $ | -0.11 | $ | -0.27 |
Contingencies_And_Other_Disclo1
Contingencies And Other Disclosures (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
[CommitmentsAndContingenciesDisclosureAbstract] | ' | |||||||||||||
Schedule Of Original Purchase And Ending Balance Amount Of Investments Subject To Litigation | ' | |||||||||||||
Alt-A | Jumbo | |||||||||||||
(Dollars in thousands) | Senior | Junior | Senior | Junior | ||||||||||
Vintage | ||||||||||||||
Original Purchase Price: | ||||||||||||||
2005 (a) | $ | 843,868 | $ | - | $ | 30,000 | $ | - | ||||||
2006 (a) | 307,926 | - | - | 9,793 | ||||||||||
2007 | 204,061 | - | 50,000 | 7,084 | ||||||||||
Total | $ | 1,355,855 | $ | - | $ | 80,000 | $ | 16,877 | ||||||
Ending Balance per the September 25, 2013, trust statements: | ||||||||||||||
2005 | $ | 309,678 | $ | - | $ | 10,922 | $ | - | ||||||
2006 | 108,102 | - | - | 2,841 | ||||||||||
2007 | 100,659 | - | 16,697 | - | ||||||||||
Total | $ | 518,439 | $ | - | $ | 27,619 | $ | 2,841 | ||||||
The amounts shown in the table which are the subject of the FHFA litigation includes $230,020 of the Senior Alt-A loans from 2006 and $643,751 of the Senior Alt-A loans from 2005. | ||||||||||||||
Pension_Savings_And_Other_Empl1
Pension, Savings, And Other Employee Benefits (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Pension, Savings, And Other Employee Benefits [Abstract] | ' | |||||||||||||||
Schedule Of Components Of Net Periodic Benefit Cost | ' | |||||||||||||||
The components of net periodic benefit cost for the three months ended September 30 are as follows: | ||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Components of net periodic benefit cost | ||||||||||||||||
Service cost | $ | -77 | $ | 2,453 | $ | 114 | $ | 102 | ||||||||
Interest cost | 8,097 | 8,191 | 505 | 612 | ||||||||||||
Expected return on plan assets | -8,756 | -9,967 | -199 | -225 | ||||||||||||
Amortization of unrecognized: | ||||||||||||||||
Transition (asset)/obligation | - | - | - | 184 | ||||||||||||
Prior service cost/(credit) | 89 | 100 | -25 | -3 | ||||||||||||
Actuarial (gain)/loss | 2,585 | 9,351 | -106 | -60 | ||||||||||||
Net periodic benefit cost | 1,938 | 10,128 | 289 | 610 | ||||||||||||
ASC 715 settlement expense | - | 1,231 | - | - | ||||||||||||
Total periodic benefit costs | $ | 1,938 | $ | 11,359 | $ | 289 | $ | 610 | ||||||||
The components of net periodic benefit cost for the nine months ended September 30 are as follows: | ||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Components of net periodic benefit cost | ||||||||||||||||
Service cost | $ | 47 | $ | 11,156 | $ | 382 | $ | 350 | ||||||||
Interest cost | 24,271 | 24,780 | 1,601 | 1,724 | ||||||||||||
Expected return on plan assets | -26,210 | -29,860 | -593 | -686 | ||||||||||||
Amortization of unrecognized: | ||||||||||||||||
Transition (asset)/obligation | - | - | - | 552 | ||||||||||||
Prior service cost/(credit) | 265 | 299 | -9 | -7 | ||||||||||||
Actuarial (gain)/loss | 7,374 | 26,999 | -72 | -366 | ||||||||||||
Net periodic benefit cost | 5,747 | 33,374 | 1,309 | 1,567 | ||||||||||||
ASC 715 settlement expense | 370 | 1,231 | - | - | ||||||||||||
Total periodic benefit costs | $ | 6,117 | $ | 34,605 | $ | 1,309 | $ | 1,567 |
Business_Segment_Information_T
Business Segment Information (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Business Segment Information [Abstract] | ' | ||||||||||||
Amounts Of Consolidated Revenue, Expense, Tax And Assets | ' | ||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Consolidated | |||||||||||||
Net interest income | $ | 158,838 | $ | 173,465 | $ | 480,239 | $ | 518,069 | |||||
Provision for loan losses | 10,000 | 40,000 | 40,000 | 63,000 | |||||||||
Noninterest income | 150,475 | 163,538 | 449,534 | 524,886 | |||||||||
Noninterest expense | 433,556 | 263,169 | 901,504 | 1,112,340 | |||||||||
Income/(loss) before income taxes | -134,243 | 33,834 | -11,731 | -132,385 | |||||||||
Provision/(benefit) for income taxes | -31,094 | 5,260 | 1,644 | -72,348 | |||||||||
Income/(loss) from continuing operations | -103,149 | 28,574 | -13,375 | -60,037 | |||||||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | |||||||||
Net income/(loss) | $ | -103,026 | $ | 28,682 | $ | -12,821 | $ | -59,877 | |||||
Average assets | $ | 24,192,606 | $ | 25,089,754 | $ | 24,619,958 | $ | 25,101,544 | |||||
Three Months Ended | Nine Months Ended | ||||||||||||
30-Sep | 30-Sep | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||
Regional Banking | |||||||||||||
Net interest income | $ | 148,511 | $ | 151,136 | $ | 441,903 | $ | 447,248 | |||||
Provision/(provision credit) for loan losses | 5,159 | 2,927 | 15,875 | 329 | |||||||||
Noninterest income | 63,884 | 64,235 | 184,928 | 189,324 | |||||||||
Noninterest expense | 131,438 | 141,576 | 390,723 | 425,480 | |||||||||
Income/(loss) before income taxes | 75,798 | 70,868 | 220,233 | 210,763 | |||||||||
Provision/(benefit) for income taxes | 27,359 | 25,727 | 79,510 | 76,509 | |||||||||
Net income/(loss) | $ | 48,439 | $ | 45,141 | $ | 140,723 | $ | 134,254 | |||||
Average assets | $ | 12,922,737 | $ | 12,935,133 | $ | 12,939,436 | $ | 12,509,334 | |||||
Capital Markets | |||||||||||||
Net interest income | $ | 3,756 | $ | 4,753 | $ | 11,687 | $ | 16,041 | |||||
Noninterest income | 64,115 | 80,817 | 208,926 | 262,560 | |||||||||
Noninterest expense | 58,036 | 64,602 | 179,631 | 205,844 | |||||||||
Income/(loss) before income taxes | 9,835 | 20,968 | 40,982 | 72,757 | |||||||||
Provision/(benefit) for income taxes | 3,703 | 7,899 | 15,432 | 27,540 | |||||||||
Net income/(loss) | $ | 6,132 | $ | 13,069 | $ | 25,550 | $ | 45,217 | |||||
Average assets | $ | 2,116,415 | $ | 2,232,047 | $ | 2,342,728 | $ | 2,322,656 | |||||
Corporate | |||||||||||||
Net interest income/(expense) | $ | -10,333 | $ | -6,096 | $ | -28,917 | $ | -17,820 | |||||
Noninterest income | 6,558 | 7,904 | 18,224 | 20,991 | |||||||||
Noninterest expense | 21,584 | 21,538 | 56,239 | 63,058 | |||||||||
Income/(loss) before income taxes | -25,359 | -19,730 | -66,932 | -59,887 | |||||||||
Provision/(benefit) for income taxes | -16,024 | -13,632 | -42,743 | -39,332 | |||||||||
Net income/(loss) | $ | -9,335 | $ | -6,098 | $ | -24,189 | $ | -20,555 | |||||
Average assets | $ | 5,166,039 | $ | 5,149,235 | $ | 5,162,727 | $ | 5,289,352 | |||||
Non-Strategic | |||||||||||||
Net interest income | $ | 16,904 | $ | 23,672 | $ | 55,566 | $ | 72,600 | |||||
Provision for loan losses | 4,841 | 37,073 | 24,125 | 62,671 | |||||||||
Noninterest income | 15,918 | 10,582 | 37,456 | 52,011 | |||||||||
Noninterest expense | 222,498 | 35,453 | 274,911 | 417,958 | |||||||||
Income/(loss) before income taxes | -194,517 | -38,272 | -206,014 | -356,018 | |||||||||
Provision/(benefit) for income taxes | -46,132 | -14,734 | -50,555 | -137,065 | |||||||||
Income/(loss) from continuing operations | -148,385 | -23,538 | -155,459 | -218,953 | |||||||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | |||||||||
Net income/(loss) | $ | -148,262 | $ | -23,430 | $ | -154,905 | $ | -218,793 | |||||
Average assets | $ | 3,987,415 | $ | 4,773,339 | $ | 4,175,067 | $ | 4,980,202 | |||||
Certain previously reported amounts have been reclassified to agree with current presentation. |
Loan_Sales_And_Securitizations1
Loan Sales And Securitizations (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Loan Sales And Securitizations [Abstract] | ' | ||||||||||||||||||||||||
Schedule Of Sensitivity Of Fair Value Of Retained Or Purchased MSR Immediate 10 Percent And 20 Percent Adverse Changes In Assumptions | ' | ||||||||||||||||||||||||
The sensitivity of the fair value of all retained or purchased MSR to immediate 10 percent and 20 percent adverse changes in assumptions on September 30, 2013 and 2012, are as follows: | |||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
(Dollars in thousands except for annual cost to service) | First Liens | Second Liens | HELOC | First Liens | Second Liens | HELOC | |||||||||||||||||||
Fair value of retained interests | $ | 114,017 | $ | 166 | $ | 2,503 | $ | 117,440 | $ | 205 | $ | 2,892 | |||||||||||||
Weighted average life (in years) | 4.4 | 3.5 | 3.4 | 4 | 2.9 | 2.9 | |||||||||||||||||||
Annual prepayment rate | 18.7 | % | 31.4 | % | 31.7 | % | 21.2 | % | 26 | % | 26.7 | % | |||||||||||||
Impact on fair value of 10% adverse change | $ | -5,572 | $ | -10 | $ | -130 | $ | -6,261 | $ | -13 | $ | -355 | |||||||||||||
Impact on fair value of 20% adverse change | -10,637 | -20 | -250 | -11,953 | -25 | -683 | |||||||||||||||||||
Annual discount rate on servicing cash flows | 8.4 | % | 14 | % | 18 | % | 11.8 | % | 14 | % | 18 | % | |||||||||||||
Impact on fair value of 10% adverse change | $ | -2,675 | $ | -4 | $ | -76 | $ | -3,253 | $ | -6 | $ | -191 | |||||||||||||
Impact on fair value of 20% adverse change | -5,221 | -9 | -148 | -6,314 | -11 | -370 | |||||||||||||||||||
Annual cost to service (per loan) (a) | $ | 119 | $ | 50 | $ | 50 | $ | 116 | $ | 50 | $ | 50 | |||||||||||||
Impact on fair value of 10% adverse change | -2,684 | -4 | -39 | -2,822 | -5 | -96 | |||||||||||||||||||
Impact on fair value of 20% adverse change | -5,352 | -8 | -78 | -5,625 | -9 | -193 | |||||||||||||||||||
Annual earnings on escrow | 1.4 | % | - | - | 1.4 | % | - | - | |||||||||||||||||
Impact on fair value of 10% adverse change | $ | -1,152 | - | - | $ | -631 | - | - | |||||||||||||||||
Impact on fair value of 20% adverse change | -2,304 | - | - | -1,263 | - | - | |||||||||||||||||||
Amounts represent market participant based assumptions. | |||||||||||||||||||||||||
Schedule Of Sensitivity Of Fair Value Of Other Retained Interests To Immediate 10 Percent And 20 Percent Adverse Changes Assumptions | ' | ||||||||||||||||||||||||
The sensitivity of the fair value of other retained interests to immediate 10 percent and 20 percent adverse changes in assumptions on September 30, 2013 and 2012, are as follows: | |||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
Excess | Excess | ||||||||||||||||||||||||
Interest | Certificated | Interest | Certificated | ||||||||||||||||||||||
(Dollars in thousands) | IO | PO | IO | PO | |||||||||||||||||||||
Fair value of retained interests | $ | 10,618 | $ | 5,096 | $ | 13,739 | $ | 5,462 | |||||||||||||||||
Weighted average life (in years) | 4.4 | 1.9 | 3.9 | 1.9 | |||||||||||||||||||||
Annual prepayment rate | 16.8 | % | 41.9 | % | 19.1 | % | 49.5 | % | |||||||||||||||||
Impact on fair value of 10% adverse change | $ | -476 | $ | -225 | $ | -618 | $ | -304 | |||||||||||||||||
Impact on fair value of 20% adverse change | -915 | -474 | -1,189 | -640 | |||||||||||||||||||||
Annual discount rate on residual cash flows | 9.5 | % | NM | 13.3 | % | NM | |||||||||||||||||||
Impact on fair value of 10% adverse change | $ | -343 | NM | $ | -504 | NM | |||||||||||||||||||
Impact on fair value of 20% adverse change | -660 | NM | -968 | NM | |||||||||||||||||||||
NM - Not meaningful | |||||||||||||||||||||||||
Schedule Of Cash Flows Related To Loan Sales And Securitizations [TableTextBlock] | ' | ||||||||||||||||||||||||
For the three and nine months ended September 30, 2013 and 2012, cash flows received and paid related to loan sales and securitizations were as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep | 30-Sep | ||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Proceeds from initial sales | $ | - | $ | 77,297 | $ | 10,843 | $ | 178,045 | |||||||||||||||||
Servicing fees retained (a) | 11,261 | 14,262 | 36,542 | 47,488 | |||||||||||||||||||||
Purchases of GNMA guaranteed mortgages | 17,797 | 22,434 | 88,652 | 85,149 | |||||||||||||||||||||
Purchases of previously transferred financial assets (b) (c) | 41,916 | 191,318 | 266,266 | 333,236 | |||||||||||||||||||||
Other cash flows received on retained interests | 1,260 | 1,696 | 4,088 | 6,915 | |||||||||||||||||||||
Includes servicing fees on MSR associated with loan sales and purchased MSR. | |||||||||||||||||||||||||
Includes repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also includes buyouts from GSEs in order to facilitate foreclosures. | |||||||||||||||||||||||||
Nine months ended September 30, 2013, and three and nine months ended September 30, 2012, includes $74.7 million and $99.3 million, respectively, of cash paid related to clean-up calls exercised by FHN. | |||||||||||||||||||||||||
Schedule Of Principal Amount Of Delinquent Loans, And Net Credit Losses | ' | ||||||||||||||||||||||||
The principal amount of loans transferred through loan sales and securitizations and other loans managed with them, the principal amount of delinquent loans, and the net credit losses during the three and nine months ended September 30, 2013 and 2012, are as follows: | |||||||||||||||||||||||||
Principal Amount of Residential Real | |||||||||||||||||||||||||
Estate Loans (a) (b) (c) | Net Credit Losses (c) | ||||||||||||||||||||||||
30-Sep | Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||
Total loans managed or transferred | $ | 13,016,536 | $ | 15,889,548 | $ | 47,832 | $ | 123,586 | $ | 185,443 | $ | 345,064 | |||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | |||||||||||||||||||||||||
Amounts represent real estate residential loans in FHN's portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN has a retained interest other than servicing rights. Also includes $4.4 billion and $6.3 billion of loans transferred to GSEs with any type of retained interest on September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||
On September 30, 2013 and 2012, includes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $41.9 million and $35.4 million of GNMA guaranteed mortgages on September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||
No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 10 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors. | |||||||||||||||||||||||||
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | |||||||||||||||||||
Summary Of VIEs Consolidated By FHN | ' | |||||||||||||||||||
The following table summarizes VIEs consolidated by FHN as of September 30, 2013 and 2012: | ||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||
On-Balance Sheet | Rabbi Trusts | On-Balance Sheet | Rabbi Trusts | |||||||||||||||||
Consumer Loan Securitizations | Used for Deferred Compensation Plans | Consumer Loan Securitizations | Used for Deferred Compensation Plans | |||||||||||||||||
(Dollars in thousands) | Carrying Value | Carrying Value | Carrying Value | Carrying Value | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 1,494 | N/A | $ | 624 | N/A | ||||||||||||||
Loans, net of unearned income | 104,052 | N/A | 121,959 | N/A | ||||||||||||||||
Less: Allowance for loan losses | 3,217 | N/A | 4,384 | N/A | ||||||||||||||||
Total net loans | 100,835 | N/A | 117,575 | N/A | ||||||||||||||||
Other assets | 1,435 | $ | 63,238 | 1,907 | $ | 61,409 | ||||||||||||||
Total assets | $ | 103,764 | $ | 63,238 | $ | 120,106 | $ | 61,409 | ||||||||||||
Liabilities: | ||||||||||||||||||||
Term borrowings | $ | 93,700 | N/A | $ | 113,342 | N/A | ||||||||||||||
Other liabilities | 19 | $ | 49,469 | 16 | $ | 49,579 | ||||||||||||||
Total liabilities | $ | 93,719 | $ | 49,469 | $ | 113,358 | $ | 49,579 | ||||||||||||
Summary Of VIEs Not Consolidated By FHN | ' | |||||||||||||||||||
The following table summarizes FHN’s nonconsolidated VIEs as of September 30, 2013: | ||||||||||||||||||||
Maximum | Liability | |||||||||||||||||||
(Dollars in thousands) | Loss Exposure | Recognized | Classification | |||||||||||||||||
Type | ||||||||||||||||||||
Low income housing partnerships (a) (b) | $ | 53,123 | $ | - | Other assets | |||||||||||||||
New market tax credit LLCs (b) (c) | 23,014 | - | Other assets | |||||||||||||||||
Small issuer trust preferred holdings (d) | 402,307 | - | Loans, net of unearned income | |||||||||||||||||
On-balance sheet trust preferred securitization | 54,314 | 59,860 | (e) | |||||||||||||||||
Proprietary trust preferred issuances (f) | N/A | 206,186 | Term borrowings | |||||||||||||||||
Proprietary and agency residential mortgage securitizations | 409,429 | - | (g) | |||||||||||||||||
On-balance sheet consumer loan securitizations | 21,084 | 235,874 | (h) | |||||||||||||||||
Holdings of agency mortgage-backed securities (d) | 3,398,870 | - | (i) | |||||||||||||||||
Short positions in agency mortgage-backed securities (f) | N/A | 1,545 | Trading liabilities | |||||||||||||||||
Commercial loan troubled debt restructurings (j) (k) | 73,127 | - | Loans, net of unearned income | |||||||||||||||||
Managed discretionary trusts (f) | N/A | N/A | N/A | |||||||||||||||||
Maximum loss exposure represents $46.1 million of current investments and $7.0 million of contractual funding commitments. Only the current investment amount is included in Other assets. | ||||||||||||||||||||
A liability is not recognized as investments are written down over the life of the related tax credit. | ||||||||||||||||||||
Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises. | ||||||||||||||||||||
Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities. | ||||||||||||||||||||
Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $59.9 million classified as Term borrowings. | ||||||||||||||||||||
No exposure to loss due to the nature of FHN's involvement. | ||||||||||||||||||||
Includes $72.9 million and $31.8 million classified as MSR and $7.3 million and $8.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $289.1 million are classified as Other assets. | ||||||||||||||||||||
Includes $257.0 million classified as Loans, net of unearned income which are offset by $235.9 million classified as Term borrowings. | ||||||||||||||||||||
Includes $498.3 million classified as Trading securities and $2.9 billion classified as Securities available-for-sale. | ||||||||||||||||||||
Maximum loss exposure represents $70.2 million of current receivables and $2.9 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. | ||||||||||||||||||||
A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations. | ||||||||||||||||||||
The following table summarizes FHN's nonconsolidated VIEs as of September 30, 2012: | ||||||||||||||||||||
Maximum | Liability | |||||||||||||||||||
(Dollars in thousands) | Loss Exposure | Recognized | Classification | |||||||||||||||||
Type | ||||||||||||||||||||
Low income housing partnerships (a) (b) | $ | 57,030 | $ | - | Other assets | |||||||||||||||
New market tax credit LLCs (b) (c) | 20,312 | - | Other assets | |||||||||||||||||
Small issuer trust preferred holdings (d) | 446,045 | - | Loans, net of unearned income | |||||||||||||||||
On-balance sheet trust preferred securitization | 60,662 | 53,511 | (e) | |||||||||||||||||
Proprietary trust preferred issuances (f) | N/A | 206,186 | Term borrowings | |||||||||||||||||
Proprietary and agency residential mortgage securitizations | 425,741 | - | (g) | |||||||||||||||||
On-balance sheet consumer loan securitizations | 6,654 | 302,633 | (h) | |||||||||||||||||
Holdings of agency mortgage-backed securities (d) | 3,462,956 | - | (i) | |||||||||||||||||
Short positions in agency mortgage-backed securities (f) | N/A | 13,221 | Trading liabilities | |||||||||||||||||
Commercial loan troubled debt restructurings (j) (k) | 95,681 | - | Loans, net of unearned income | |||||||||||||||||
Managed discretionary trusts (f) | N/A | N/A | N/A | |||||||||||||||||
Maximum loss exposure represents $56.5 million of current investments and $.5 million of contractual funding commitments. Only the current investment amount is included in Other assets. | ||||||||||||||||||||
A liability is not recognized as investments are written down over the life of the related tax credit. | ||||||||||||||||||||
Maximum loss exposure represents current investment balance. Of the initial investment $15.3 million was funded through loans from community development enterprises. | ||||||||||||||||||||
Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities. | ||||||||||||||||||||
Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $53.7 million classified as Term borrowings. | ||||||||||||||||||||
No exposure to loss due to the nature of FHN's involvement. | ||||||||||||||||||||
Includes $71.5 million and $34.4 million classified as MSR and $8.4 million and $10.8 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $300.6 million are classified as Other assets. | ||||||||||||||||||||
Includes $309.3 million as Loans, net of unearned income which are offset by $302.6 million classified as Term borrowings. | ||||||||||||||||||||
Includes $636.8 million classified as Trading securities and $2.8 billion classified as Securities available-for-sale. | ||||||||||||||||||||
Maximum loss exposure represents $94.3 million of current receivables and $1.4 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. | ||||||||||||||||||||
A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations. | ||||||||||||||||||||
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivatives [Abstract] | ' | ||||||||||||||||||||||||
Derivatives Associated With Legacy Mortgage Servicing Activities | ' | ||||||||||||||||||||||||
The following table summarizes FHN’s derivatives associated with legacy mortgage servicing activities for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||
Retained Interests Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Forwards and Futures | $ | - | $ | - | $ | - | $ | 159 | $ | -3,047 | |||||||||||||||
Interest Rate Swaps and Swaptions | $ | - | $ | - | $ | - | $ | 1,305 | $ | -4,275 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Mortgage Servicing Rights | N/A | $ | 114,318 | N/A | $ | 9,844 | $ | 20,174 | |||||||||||||||||
Other Retained Interests | N/A | $ | 15,714 | N/A | $ | 1,628 | $ | 3,422 | |||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||
Retained Interests Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Forwards and Futures | $ | 20,000 | $ | 542 | $ | - | $ | 207 | $ | 9,839 | |||||||||||||||
Interest Rate Swaps and Swaptions | $ | 1,837,600 | $ | 6,693 | $ | 4,282 | $ | 4,580 | $ | 5,498 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Mortgage Servicing Rights | N/A | $ | 117,522 | N/A | $ | -1,279 | $ | -379 | |||||||||||||||||
Other Retained Interests | N/A | $ | 19,201 | N/A | $ | 978 | $ | 425 | |||||||||||||||||
Derivatives Associated With Capital Markets Trading Activities | ' | ||||||||||||||||||||||||
The following table summarizes FHN’s derivatives associated with capital markets trading activities as of September 30, 2013 and 2012: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | ||||||||||||||||||||||
Customer Interest Rate Contracts | $ | 1,742,060 | $ | 88,154 | $ | 6,880 | |||||||||||||||||||
Offsetting Upstream Interest Rate Contracts | 1,742,060 | 6,880 | 88,154 | ||||||||||||||||||||||
Forwards and Futures Purchased | 1,664,813 | 208 | 9,296 | ||||||||||||||||||||||
Forwards and Futures Sold | 2,038,677 | 16,669 | 474 | ||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | ||||||||||||||||||||||
Customer Interest Rate Contracts | $ | 1,439,306 | $ | 137,958 | $ | 923 | |||||||||||||||||||
Offsetting Upstream Interest Rate Contracts | 1,439,306 | 923 | 137,958 | ||||||||||||||||||||||
Option Contracts Purchased | 5,000 | 1 | - | ||||||||||||||||||||||
Forwards and Futures Purchased | 4,361,583 | 1,173 | 10,662 | ||||||||||||||||||||||
Forwards and Futures Sold | 4,706,866 | 13,147 | 1,762 | ||||||||||||||||||||||
Derivatives Associated With Interest Rate Risk Management Activities | ' | ||||||||||||||||||||||||
The following tables summarize FHN’s derivatives associated with interest rate risk management activities for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-13 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||
Customer Interest Rate Contracts Hedging | |||||||||||||||||||||||||
Hedging Instruments and Hedged Items: | |||||||||||||||||||||||||
Customer Interest Rate Contracts (a) | $ | 801,260 | $ | 34,703 | $ | 2,452 | $ | -1,464 | $ | -22,673 | |||||||||||||||
Offsetting Upstream Interest Rate Contracts (a) | $ | 817,901 | $ | 2,453 | $ | 35,203 | $ | 1,465 | $ | 23,374 | |||||||||||||||
Debt Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps (b) | $ | 1,254,000 | $ | 66,049 | $ | 19,622 | $ | -6,430 | $ | -48,777 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Term Borrowings (b) | N/A | N/A | $ | 1,254,000 | (c) | $ | 6,430 | (d) | $ | 48,777 | (d) | ||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-12 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||
Customer Interest Rate Contracts Hedging | |||||||||||||||||||||||||
Hedging Instruments and Hedged Items: | |||||||||||||||||||||||||
Customer Interest Rate Contracts (a) | $ | 975,213 | $ | 61,984 | $ | 362 | $ | -3,971 | $ | -7,554 | |||||||||||||||
Offsetting Upstream Interest Rate Contracts (a) | $ | 975,213 | $ | 362 | $ | 63,384 | $ | 4,071 | $ | 8,254 | |||||||||||||||
Debt Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps (b) | $ | 1,604,000 | $ | 111,240 | $ | - | $ | -2,481 | $ | -15,642 | |||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Term Borrowings (b) | N/A | N/A | $ | 1,604,000 | (c) | $ | 2,481 | (d) | $ | 15,642 | (d) | ||||||||||||||
Gains/losses included in the 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 for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-13 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||
Loan Portfolio Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps | $ | 6,500 | N/A | $ | 1,091 | $ | 27 | $ | 951 | ||||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Trust Preferred Loans (a) | N/A | $ | 6,500 | (b) | N/A | $ | -25 | (c) | $ | -946 | (c) | ||||||||||||||
Gains/(Losses) | |||||||||||||||||||||||||
30-Sep-12 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands) | Notional | Assets | Liabilities | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||
Loan Portfolio Hedging | |||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||
Interest Rate Swaps | $ | 128,750 | N/A | $ | 3,411 | $ | 1,625 | $ | 5,398 | ||||||||||||||||
Hedged Items: | |||||||||||||||||||||||||
Trust Preferred Loans (a) | N/A | $ | 128,750 | (b) | N/A | $ | -1,601 | (c) | $ | -5,356 | (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 September 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: | |||||||||||||||||||||||||
2013 (b) | $ | 198,238 | $ | - | $ | 198,238 | $ | -36,770 | $ | -161,468 | $ | - | |||||||||||||
2012 (b) | 319,702 | - | 319,702 | -20,218 | -273,730 | 25,754 | |||||||||||||||||||
Included in Derivative Assets on the Consolidated Condensed Statements of Condition. As of September 30, 2013 and 2012, $16.9 million and $14.3 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. | |||||||||||||||||||||||||
2013 is comprised entirely of interest rate derivative contracts. 2012 includes $319.2 million of interest rate derivative contracts and $.5 million of forwards and futures 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 September 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: | |||||||||||||||||||||||||
2013 (b) | $ | 153,403 | $ | - | $ | 153,403 | $ | -36,770 | $ | -109,079 | $ | 7,554 | |||||||||||||
2012 (b) | 210,320 | - | 210,320 | -20,218 | -185,230 | 4,872 | |||||||||||||||||||
Included in Derivative Liabilities on the Consolidated Condensed Statements of Condition. As of September 30, 2013 and 2012, $12.5 million and $14.8 million, respectively, of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. | |||||||||||||||||||||||||
2013 and 2012 includes $153.4 million and $210.3 million, respectively, of interest rate derivative contracts. | |||||||||||||||||||||||||
Master_Netting_And_Similar_Agr1
Master Netting And Similar Agreements (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Master Netting And Similar Agreements [Abstract] | ' | ||||||||||||||||||
Securities Purchased Under Agreements To Resell And Collateral Pledged By Company [Table Text Block] | ' | ||||||||||||||||||
The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of September 30: | |||||||||||||||||||
Gross amounts not offset in the | |||||||||||||||||||
Statement of Condition | |||||||||||||||||||
Gross amounts | Net amounts of | Offsetting | Securities collateral | ||||||||||||||||
Gross amounts | offset in the | assets presented | securities sold | (not recognized on | |||||||||||||||
of recognized | Statement of | in the Statement | under agreements | FHN's Statement | |||||||||||||||
(Dollars in thousands) | assets | Condition | of Condition | to repurchase | of Condition) | Net amount | |||||||||||||
Securities purchased under agreements to resell: | |||||||||||||||||||
2013 | $ | 576,355 | $ | - | $ | 576,355 | $ | -30,584 | $ | -537,810 | $ | 7,961 | |||||||
2012 | 517,263 | - | 517,263 | -2,068 | -509,707 | 5,488 | |||||||||||||
Securities Sold Under Agreements To Repurchase And Collateral Pledged By Counterparties [Table Text Block] | ' | ||||||||||||||||||
The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of September 30: | |||||||||||||||||||
Gross amounts not offset in the | |||||||||||||||||||
Statement of Condition | |||||||||||||||||||
Gross amounts | Net amounts of | Offsetting | |||||||||||||||||
Gross amounts | offset in the | liabilities presented | securities | ||||||||||||||||
of recognized | Statement of | in the Statement | purchased under | Securities | |||||||||||||||
(Dollars in thousands) | liabilities | Condition | of Condition | agreements to resell | Collateral | Net amount | |||||||||||||
Securities sold under agreements to repurchase: | |||||||||||||||||||
2013 | $ | 427,232 | $ | - | $ | 427,232 | $ | -30,584 | $ | -396,639 | $ | 9 | |||||||
2012 | 443,370 | - | 443,370 | -2,068 | -441,273 | 29 |
Fair_Value_Of_Assets_And_Liabi1
Fair Value Of Assets And Liabilities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||
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, 2013: | ||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Trading securities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 86,986 | $ | - | $ | 86,986 | ||||||||||||||||||||||
Government agency issued MBS | - | 407,876 | - | 407,876 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 90,420 | - | 90,420 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 149,867 | - | 149,867 | ||||||||||||||||||||||||||
States and municipalities | - | 17,828 | - | 17,828 | ||||||||||||||||||||||||||
Trading Loans | - | 145,505 | - | 145,505 | ||||||||||||||||||||||||||
Corporate and other debt | - | 427,559 | 5 | 427,564 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 1,374 | - | 1,374 | ||||||||||||||||||||||||||
Total trading securities - capital markets | - | 1,327,415 | 5 | 1,327,420 | ||||||||||||||||||||||||||
Trading securities - mortgage banking: | ||||||||||||||||||||||||||||||
Principal only | - | - | 5,096 | 5,096 | ||||||||||||||||||||||||||
Interest only | - | - | 10,618 | 10,618 | ||||||||||||||||||||||||||
Total trading securities - mortgage banking | - | - | 15,714 | 15,714 | ||||||||||||||||||||||||||
Loans held-for-sale | - | - | 229,760 | 229,760 | ||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||
U.S. treasuries | - | 39,996 | - | 39,996 | ||||||||||||||||||||||||||
Government agency issued MBS | - | 875,452 | - | 875,452 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 2,025,121 | - | 2,025,121 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | - | 2,528 | 2,528 | ||||||||||||||||||||||||||
States and municipalities | - | 13,655 | 1,500 | 15,155 | ||||||||||||||||||||||||||
Venture capital | - | - | 4,300 | 4,300 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | 20,267 | - | - | 20,267 | ||||||||||||||||||||||||||
Total securities available-for-sale | 20,267 | 2,954,224 | 8,328 | 2,982,819 | ||||||||||||||||||||||||||
Mortgage servicing rights | - | - | 116,686 | 116,686 | ||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||
Deferred compensation assets | 23,193 | - | - | 23,193 | ||||||||||||||||||||||||||
Derivatives, forwards and futures | 16,877 | - | - | 16,877 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 198,239 | - | 198,239 | ||||||||||||||||||||||||||
Total other assets | 40,070 | 198,239 | - | 238,309 | ||||||||||||||||||||||||||
Total assets | $ | 60,337 | $ | 4,479,878 | $ | 370,493 | $ | 4,910,708 | ||||||||||||||||||||||
Trading liabilities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 312,315 | $ | - | $ | 312,315 | ||||||||||||||||||||||
Government agency issued MBS | - | 521 | - | 521 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 1,024 | - | 1,024 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 30,253 | - | 30,253 | ||||||||||||||||||||||||||
States and municipalities | - | 335 | - | 335 | ||||||||||||||||||||||||||
Corporate and other debt | - | 237,953 | - | 237,953 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 3,568 | - | 3,568 | ||||||||||||||||||||||||||
Total trading liabilities - capital markets | - | 585,969 | - | 585,969 | ||||||||||||||||||||||||||
Other short-term borrowings | - | - | 11,715 | 11,715 | ||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||
Derivatives, forwards and futures | 9,770 | - | - | 9,770 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 153,402 | - | 153,402 | ||||||||||||||||||||||||||
Derivatives, other | - | 1 | 2,745 | 2,746 | ||||||||||||||||||||||||||
Total other liabilities | 9,770 | 153,403 | 2,745 | 165,918 | ||||||||||||||||||||||||||
Total liabilities | $ | 9,770 | $ | 739,372 | $ | 14,460 | $ | 763,602 | ||||||||||||||||||||||
The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2012: | ||||||||||||||||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Trading securities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 124,722 | $ | - | $ | 124,722 | ||||||||||||||||||||||
Government agency issued MBS | - | 564,425 | - | 564,425 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 72,340 | - | 72,340 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 82,736 | - | 82,736 | ||||||||||||||||||||||||||
States and municipalities | - | 31,817 | - | 31,817 | ||||||||||||||||||||||||||
Corporate and other debt | - | 308,309 | 5 | 308,314 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 811 | - | 811 | ||||||||||||||||||||||||||
Total trading securities - capital markets | - | 1,185,160 | 5 | 1,185,165 | ||||||||||||||||||||||||||
Trading securities - mortgage banking: | ||||||||||||||||||||||||||||||
Principal only | - | 5,462 | - | 5,462 | ||||||||||||||||||||||||||
Interest only | - | - | 13,739 | 13,739 | ||||||||||||||||||||||||||
Total trading securities - mortgage banking | - | 5,462 | 13,739 | 19,201 | ||||||||||||||||||||||||||
Loans held-for-sale | - | 10,996 | 213,639 | 224,635 | ||||||||||||||||||||||||||
Securities available-for-sale: | ||||||||||||||||||||||||||||||
U.S. treasuries | - | 54,996 | - | 54,996 | ||||||||||||||||||||||||||
Government agency issued MBS | - | 1,271,450 | - | 1,271,450 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 1,554,741 | - | 1,554,741 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | - | 4,202 | 4,202 | ||||||||||||||||||||||||||
States and municipalities | - | 16,470 | 1,500 | 17,970 | ||||||||||||||||||||||||||
Corporate and other debt | 517 | - | - | 517 | ||||||||||||||||||||||||||
Venture capital | - | - | 9,000 | 9,000 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | 13,277 | - | - | 13,277 | ||||||||||||||||||||||||||
Total securities available-for-sale | 13,794 | 2,897,657 | 14,702 | 2,926,153 | ||||||||||||||||||||||||||
Mortgage servicing rights | - | - | 120,537 | 120,537 | ||||||||||||||||||||||||||
Other assets: | ||||||||||||||||||||||||||||||
Deferred compensation assets | 23,301 | - | - | 23,301 | ||||||||||||||||||||||||||
Derivatives, forwards and futures | 14,862 | - | - | 14,862 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 319,163 | - | 319,163 | ||||||||||||||||||||||||||
Total other assets | 38,163 | 319,163 | - | 357,326 | ||||||||||||||||||||||||||
Total assets | $ | 51,957 | $ | 4,418,438 | $ | 362,622 | $ | 4,833,017 | ||||||||||||||||||||||
Trading liabilities - capital markets: | ||||||||||||||||||||||||||||||
U.S. treasuries | $ | - | $ | 350,434 | $ | - | $ | 350,434 | ||||||||||||||||||||||
Government agency issued MBS | - | 5,125 | - | 5,125 | ||||||||||||||||||||||||||
Government agency issued CMO | - | 8,096 | - | 8,096 | ||||||||||||||||||||||||||
Other U.S. government agencies | - | 4,439 | - | 4,439 | ||||||||||||||||||||||||||
States and municipalities | - | 1,109 | - | 1,109 | ||||||||||||||||||||||||||
Corporate and other debt | - | 146,750 | - | 146,750 | ||||||||||||||||||||||||||
Equity, mutual funds, and other | - | 1,017 | - | 1,017 | ||||||||||||||||||||||||||
Total trading liabilities - capital markets | - | 516,970 | - | 516,970 | ||||||||||||||||||||||||||
Other short-term borrowings | - | - | 11,585 | 11,585 | ||||||||||||||||||||||||||
Other liabilities: | ||||||||||||||||||||||||||||||
Derivatives, forwards and futures | 12,424 | - | - | 12,424 | ||||||||||||||||||||||||||
Derivatives, interest rate contracts | - | 210,320 | - | 210,320 | ||||||||||||||||||||||||||
Derivatives, other | - | - | 2,340 | 2,340 | ||||||||||||||||||||||||||
Total other liabilities | 12,424 | 210,320 | 2,340 | 225,084 | ||||||||||||||||||||||||||
Total liabilities | $ | 12,424 | $ | 727,290 | $ | 13,925 | $ | 753,639 | ||||||||||||||||||||||
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, 2013 and 2012, on a recurring basis are summarized as follows: | ||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on July 1, 2013 | $ | 15,877 | $ | 235,080 | $ | 4,354 | $ | 4,300 | $ | 113,853 | $ | -2,195 | $ | -12,349 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 1,944 | -1,805 | - | - | 8,932 | -871 | 634 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -17 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 12,338 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | - | - | - | - | |||||||||||||||||||||||
Settlements | -2,102 | -11,390 | -309 | - | -6,099 | 321 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -4,463 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2013 | $ | 15,719 | $ | 229,760 | $ | 4,028 | $ | 4,300 | $ | 116,686 | $ | -2,745 | $ | -11,715 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 1,540 | (a) | $ | -1,805 | (a) | $ | - | $ | - | (b) | $ | 9,107 | (a) | $ | -871 | (d) | $ | 634 | (a) | ||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on July 1, 2012 | $ | 14,905 | $ | 214,560 | $ | 6,162 | $ | 9,000 | $ | 129,291 | $ | -3,505 | $ | -12,439 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 1,068 | -2,799 | - | - | -2,098 | 10 | 854 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -25 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 23,561 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | - | - | - | - | |||||||||||||||||||||||
Settlements | -2,229 | -11,107 | -435 | - | -6,656 | 1,155 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -10,576 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2012 | $ | 13,744 | $ | 213,639 | $ | 5,702 | $ | 9,000 | $ | 120,537 | $ | -2,340 | $ | -11,585 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 707 | (a) | $ | -2,799 | (a) | $ | - | $ | - | (b) | $ | -2,181 | (a) | $ | 10 | (d) | $ | 854 | (a) | ||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | ||||||||||||||||||||||||||||||
Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. | ||||||||||||||||||||||||||||||
Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income. | ||||||||||||||||||||||||||||||
Transfers out of recurring 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, 2013 and 2012, on a recurring basis are summarized as follows: | ||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on January 1, 2013 | $ | 17,992 | $ | 221,094 | $ | 5,253 | $ | 4,300 | $ | 114,311 | $ | -2,175 | $ | -11,156 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 4,474 | -3,940 | - | - | 20,267 | -1,522 | -559 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -93 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 49,847 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | - | - | - | - | |||||||||||||||||||||||
Settlements | -6,747 | -25,990 | -1,132 | - | -17,892 | 952 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -11,251 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2013 | $ | 15,719 | $ | 229,760 | $ | 4,028 | $ | 4,300 | $ | 116,686 | $ | -2,745 | $ | -11,715 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 3,127 | (a) | $ | -3,940 | (a) | $ | - | $ | - | (b) | $ | 20,424 | (a) | $ | -1,523 | (d) | $ | -559 | (a) | ||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||
Securities available-for-sale | Mortgage | Other | ||||||||||||||||||||||||||||
Trading | Loans held- | Investment | Venture | servicing | Net derivative | short-term | ||||||||||||||||||||||||
(Dollars in thousands) | securities | for-sale | portfolio | Capital | rights, net | liabilities | borrowings | |||||||||||||||||||||||
Balance on January 1, 2012 | $ | 18,059 | $ | 210,487 | $ | 7,262 | $ | 12,179 | $ | 144,069 | $ | -11,820 | $ | -14,833 | ||||||||||||||||
Total net gains/(losses) included in: | ||||||||||||||||||||||||||||||
Net income | 2,847 | -849 | - | 5,071 | -4,541 | -1,601 | 3,248 | |||||||||||||||||||||||
Other comprehensive income /(loss) | - | - | -195 | - | - | - | - | |||||||||||||||||||||||
Purchases | - | 41,313 | - | - | - | - | - | |||||||||||||||||||||||
Issuances | - | - | - | - | - | - | - | |||||||||||||||||||||||
Sales | - | - | - | -8,250 | - | - | - | |||||||||||||||||||||||
Settlements | -7,162 | -21,733 | -1,365 | - | -18,991 | 11,081 | - | |||||||||||||||||||||||
Net transfers into/(out of) Level 3 | - | -15,579 | (c) | - | - | - | - | - | ||||||||||||||||||||||
Balance on September 30, 2012 | $ | 13,744 | $ | 213,639 | $ | 5,702 | $ | 9,000 | $ | 120,537 | $ | -2,340 | $ | -11,585 | ||||||||||||||||
Net unrealized gains/(losses) included in net income | $ | 1,595 | (a) | $ | -849 | (a) | $ | - | $ | - | (b) | $ | -3,800 | (a) | $ | -1,601 | (d) | $ | 3,248 | (a) | ||||||||||
Certain previously reported amounts have been reclassified to agree with current presentation. | ||||||||||||||||||||||||||||||
Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. | ||||||||||||||||||||||||||||||
Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest 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 | ' | |||||||||||||||||||||||||||||
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, 2013 and 2012, 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, 2013 | 30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | Net gains/(losses) | Net gains/(losses) | ||||||||||||||||||||||||
Loans held-for-sale - first mortgages | $ | - | $ | - | $ | 9,632 | $ | 9,632 | $ | 364 | $ | 304 | ||||||||||||||||||
Loans, net of unearned income (a) | - | - | 85,665 | 85,665 | -1,177 | -3,154 | ||||||||||||||||||||||||
Real estate acquired by foreclosure (b) | - | - | 50,030 | 50,030 | -327 | -3,279 | ||||||||||||||||||||||||
Other assets (c) | - | - | 69,115 | 69,115 | -1,153 | -4,199 | ||||||||||||||||||||||||
$ | -2,293 | $ | -10,328 | |||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||
Carrying value at September 30, 2012 | 30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | Net gains/(losses) | Net gains/(losses) | ||||||||||||||||||||||||
Loans held-for-sale - SBAs | $ | - | $ | 37,429 | $ | - | $ | 37,429 | $ | - | $ | 15 | ||||||||||||||||||
Loans held-for-sale - first mortgages | - | - | 13,467 | 13,467 | -671 | -355 | ||||||||||||||||||||||||
Loans, net of unearned income (a) | - | - | 128,626 | 128,626 | -44,608 | -61,958 | ||||||||||||||||||||||||
Real estate acquired by foreclosure (b) | - | - | 50,589 | 50,589 | -2,732 | -7,873 | ||||||||||||||||||||||||
Other assets (c) | - | - | 76,822 | 76,822 | -3,201 | -6,405 | ||||||||||||||||||||||||
$ | -51,212 | $ | -76,576 | |||||||||||||||||||||||||||
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. | ||||||||||||||||||||||||||||||
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, 2013 and 2012: | ||||||||||||||||||||||||||||||
(Dollars in Thousands) | ||||||||||||||||||||||||||||||
Fair Value at | ||||||||||||||||||||||||||||||
Level 3 Class | 30-Sep-13 | Valuation Techniques | Unobservable Input | Values Utilized | ||||||||||||||||||||||||||
Trading securities - mortgage | $ | 15,714 | Discounted cash flow | (a) | (a) | |||||||||||||||||||||||||
Loans held-for-sale - mortgages | 239,392 | Discounted cash flow | Prepayment speeds | 6% - 10% | ||||||||||||||||||||||||||
Credit spreads | 2% - 4% | |||||||||||||||||||||||||||||
Delinquency adjustment factor | 15% - 25% added to credit spread | |||||||||||||||||||||||||||||
Loss severity trends | 50% - 60% of UPB | |||||||||||||||||||||||||||||
Venture capital investments | 4,300 | Industry comparables | Adjustment for minority interest and small business status | 40% - 50% discount | ||||||||||||||||||||||||||
Discounted cash flow | Discount rate | 25% - 30% | ||||||||||||||||||||||||||||
Earnings capitalization rate | 20% - 25% | |||||||||||||||||||||||||||||
Mortgage servicing rights | 116,686 | Discounted cash flow | (a) | (a) | ||||||||||||||||||||||||||
Other short-term borrowings | 11,715 | Discounted cash flow | (b) | (b) | ||||||||||||||||||||||||||
Derivative liabilities, other | 2,745 | Discounted cash flow | Visa covered litigation resolution amount | $4.4 billion - $5.0 billion | ||||||||||||||||||||||||||
Probability of resolution scenarios | 10% - 50% | |||||||||||||||||||||||||||||
Time until resolution | 6 - 30 months | |||||||||||||||||||||||||||||
Loans, net of unearned income (c) | 85,665 | 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 (d) | 50,030 | Appraisals from comparable properties | Adjustment for value changes since appraisal | 0% - 10% of appraisal | ||||||||||||||||||||||||||
Other assets (e) | 69,115 | 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 | ||||||||||||||||||||||||||||
The unobservable inputs for Principal-only and Interest-only trading securities and MSR are discussed in Note 13 – Loan Sales and Securitizations. | ||||||||||||||||||||||||||||||
The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR. | ||||||||||||||||||||||||||||||
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 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. | ||||||||||||||||||||||||||||||
(Dollars in Thousands) | ||||||||||||||||||||||||||||||
Fair Value at | ||||||||||||||||||||||||||||||
Level 3 Class | 30-Sep-12 | Valuation Techniques | Unobservable Input | Values Utilized | ||||||||||||||||||||||||||
Interest only trading securities | $ | 13,739 | Discounted cash flow | (a) | (a) | |||||||||||||||||||||||||
Loans held-for-sale - mortgages | 227,106 | Discounted cash flow | Prepayment speeds | 6% - 10% | ||||||||||||||||||||||||||
Credit spreads | 2% - 4% | |||||||||||||||||||||||||||||
Delinquency adjustment factor | 15% - 25% added to credit spread | |||||||||||||||||||||||||||||
Loss severity trends | 50% - 60% of UPB | |||||||||||||||||||||||||||||
Venture capital investments | 9,000 | Recent purchase offers | Adjustment for preferences in equity tranches | 0% - 10% discount | ||||||||||||||||||||||||||
Recent capitalization transactions | Adjustment for preferences in equity tranches | 0% - 10% discount | ||||||||||||||||||||||||||||
Mortgage servicing rights | 120,537 | Discounted cash flow | (a) | (a) | ||||||||||||||||||||||||||
Other short-term borrowings | 11,585 | Discounted cash flow | (b) | (b) | ||||||||||||||||||||||||||
Derivative liabilities, other | 2,340 | Discounted cash flow | Visa covered litigation resolution amount | $4.4 billion - $5.0 billion | ||||||||||||||||||||||||||
Probability of resolution scenarios | 10% - 50% | |||||||||||||||||||||||||||||
Time until resolution | 9 - 18 months | |||||||||||||||||||||||||||||
Loans, net of unearned income (c) | 128,626 | Appraisals from comparable properties | Adjustment for value changes since appraisal | 5% - 15% of appraisal | ||||||||||||||||||||||||||
Other collateral valuations | Borrowing base certificates | 20% - 50% of gross value | ||||||||||||||||||||||||||||
Financial Statements/Auction Values | 0% - 25% of reported value | |||||||||||||||||||||||||||||
Real estate acquired by foreclosure (d) | 50,589 | Appraisals from comparable properties | Adjustment for value changes since appraisal | 0% - 10% of appraisal | ||||||||||||||||||||||||||
Other assets (e) | 76,822 | 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 | ||||||||||||||||||||||||||||
The unobservable inputs for Interest-only trading securities and MSR are discussed in Note 13 – Loan Sales and Securitizations. | ||||||||||||||||||||||||||||||
The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR. | ||||||||||||||||||||||||||||||
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 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. | ||||||||||||||||||||||||||||||
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 mortgages and trading 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. | ||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Fair value carrying amount | Aggregate unpaid principal | Fair value carrying amount less aggregate unpaid principal | |||||||||||||||||||||||||||
Mortgage loans held-for-sale reported at fair value: | ||||||||||||||||||||||||||||||
Total loans | $ | 229,760 | $ | 379,123 | $ | -149,363 | ||||||||||||||||||||||||
Nonaccrual loans | 69,116 | 147,116 | -78,000 | |||||||||||||||||||||||||||
Loans 90 days or more past due and still accruing | 9,046 | 19,402 | -10,356 | |||||||||||||||||||||||||||
Trading loans reported at fair value: | ||||||||||||||||||||||||||||||
Total loans | 145,505 | 142,311 | 3,194 | |||||||||||||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Fair value carrying amount | Aggregate unpaid principal | Fair value carrying amount less aggregate unpaid principal | |||||||||||||||||||||||||||
Mortgage loans held-for-sale reported at fair value: | ||||||||||||||||||||||||||||||
Total loans | $ | 224,635 | $ | 330,900 | $ | -106,265 | ||||||||||||||||||||||||
Nonaccrual loans | 43,398 | 92,831 | -49,433 | |||||||||||||||||||||||||||
Loans 90 days or more past due and still accruing | 10,481 | 21,329 | -10,848 | |||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
30-Sep | 30-Sep | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||
Changes in fair value included in net income: | ||||||||||||||||||||||||||||||
Mortgage banking noninterest income | ||||||||||||||||||||||||||||||
Loans held-for-sale | $ | -1,805 | $ | -2,799 | $ | -3,940 | $ | -849 | ||||||||||||||||||||||
Other short-term borrowings | 634 | 854 | -559 | 3,248 | ||||||||||||||||||||||||||
Changes in fair value included in net income: | ||||||||||||||||||||||||||||||
Capital market noninterest income | ||||||||||||||||||||||||||||||
Trading loans | 1,867 | - | 1,867 | - | ||||||||||||||||||||||||||
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 commitments as of September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||
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 | $ | 7,655,562 | $ | - | $ | - | $ | 7,502,354 | $ | 7,502,354 | ||||||||||||||||||||
Commercial real estate | 1,162,718 | - | - | 1,115,304 | 1,115,304 | |||||||||||||||||||||||||
Retail: | ||||||||||||||||||||||||||||||
Consumer real estate | 5,337,221 | - | - | 4,859,306 | 4,859,306 | |||||||||||||||||||||||||
Permanent mortgage | 672,138 | - | - | 589,999 | 589,999 | |||||||||||||||||||||||||
Credit card & other | 325,207 | - | - | 327,075 | 327,075 | |||||||||||||||||||||||||
Total loans, net of unearned income and allowance for loan losses | 15,152,846 | - | - | 14,394,038 | 14,394,038 | |||||||||||||||||||||||||
Short-term financial assets | ||||||||||||||||||||||||||||||
Total interest-bearing cash | 184,179 | 184,179 | - | - | 184,179 | |||||||||||||||||||||||||
Federal funds sold | 52,830 | - | 52,830 | - | 52,830 | |||||||||||||||||||||||||
Securities purchased under agreements to resell | 576,355 | - | 576,355 | - | 576,355 | |||||||||||||||||||||||||
Total short-term financial assets | 813,364 | 184,179 | 629,185 | - | 813,364 | |||||||||||||||||||||||||
Trading securities (a) | 1,343,134 | - | 1,327,415 | 15,719 | 1,343,134 | |||||||||||||||||||||||||
Loans held-for-sale (a) | 371,640 | - | - | 371,640 | 371,640 | |||||||||||||||||||||||||
Securities available-for-sale (a) (b) | 3,186,943 | 20,267 | 2,954,224 | 212,452 | 3,186,943 | |||||||||||||||||||||||||
Derivative assets (a) | 215,116 | 16,877 | 198,239 | - | 215,116 | |||||||||||||||||||||||||
Other assets | ||||||||||||||||||||||||||||||
Tax credit investments | 69,115 | - | - | 69,115 | 69,115 | |||||||||||||||||||||||||
Deferred compensation assets | 23,193 | 23,193 | - | - | 23,193 | |||||||||||||||||||||||||
Total other assets | 92,308 | 23,193 | - | 69,115 | 92,308 | |||||||||||||||||||||||||
Nonearning assets | ||||||||||||||||||||||||||||||
Cash & due from banks | 395,631 | 395,631 | - | - | 395,631 | |||||||||||||||||||||||||
Capital markets receivables | 417,743 | - | 417,743 | - | 417,743 | |||||||||||||||||||||||||
Accrued interest receivable | 71,889 | - | 71,889 | - | 71,889 | |||||||||||||||||||||||||
Total nonearning assets | 885,263 | 395,631 | 489,632 | - | 885,263 | |||||||||||||||||||||||||
Total assets | $ | 22,060,614 | $ | 640,147 | $ | 5,598,695 | $ | 15,062,964 | $ | 21,301,806 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||||||||
Defined maturity | $ | 1,573,405 | $ | - | $ | 1,591,314 | $ | - | $ | 1,591,314 | ||||||||||||||||||||
Undefined maturity | 14,710,504 | - | 14,710,504 | - | 14,710,504 | |||||||||||||||||||||||||
Total deposits | 16,283,909 | - | 16,301,818 | - | 16,301,818 | |||||||||||||||||||||||||
Trading liabilities (a) | 585,969 | - | 585,969 | - | 585,969 | |||||||||||||||||||||||||
Short-term financial liabilities | ||||||||||||||||||||||||||||||
Federal funds purchased | 1,062,901 | - | 1,062,901 | - | 1,062,901 | |||||||||||||||||||||||||
Securities sold under agreements to repurchase | 427,232 | - | 427,232 | - | 427,232 | |||||||||||||||||||||||||
Total other borrowings | 303,686 | - | 291,971 | 11,715 | 303,686 | |||||||||||||||||||||||||
Total short-term financial liabilities | 1,793,819 | - | 1,782,104 | 11,715 | 1,793,819 | |||||||||||||||||||||||||
Term borrowings | ||||||||||||||||||||||||||||||
Real estate investment trust-preferred | 45,811 | - | - | 47,000 | 47,000 | |||||||||||||||||||||||||
Term borrowings - tax credit investments | 18,000 | - | - | 18,025 | 18,025 | |||||||||||||||||||||||||
Borrowings secured by residential real estate | 329,574 | - | - | 194,905 | 194,905 | |||||||||||||||||||||||||
Other long term borrowings | 1,377,903 | - | 1,365,535 | - | 1,365,535 | |||||||||||||||||||||||||
Total term borrowings | 1,771,288 | - | 1,365,535 | 259,930 | 1,625,465 | |||||||||||||||||||||||||
Derivative liabilities (a) | 165,918 | 9,770 | 153,403 | 2,745 | 165,918 | |||||||||||||||||||||||||
Other noninterest-bearing liabilities | ||||||||||||||||||||||||||||||
Capital markets payables | 388,373 | - | 388,373 | - | 388,373 | |||||||||||||||||||||||||
Accrued interest payable | 33,924 | - | 33,924 | - | 33,924 | |||||||||||||||||||||||||
Total other noninterest-bearing liabilities | 422,297 | - | 422,297 | - | 422,297 | |||||||||||||||||||||||||
Total liabilities | $ | 21,023,200 | $ | 9,770 | $ | 20,611,126 | $ | 274,390 | $ | 20,895,286 | ||||||||||||||||||||
Classes are detailed in the recurring and nonrecurring measurement tables. | ||||||||||||||||||||||||||||||
Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. | ||||||||||||||||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||||||||
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 | $ | 8,359,909 | $ | - | $ | - | $ | 8,138,108 | $ | 8,138,108 | ||||||||||||||||||||
Commercial real estate | 1,202,506 | - | - | 1,146,620 | 1,146,620 | |||||||||||||||||||||||||
Retail: | ||||||||||||||||||||||||||||||
Consumer real estate | 5,619,955 | - | - | 5,287,039 | 5,287,039 | |||||||||||||||||||||||||
Permanent mortgage | 779,954 | - | - | 722,087 | 722,087 | |||||||||||||||||||||||||
Credit card & other | 279,715 | - | - | 280,344 | 280,344 | |||||||||||||||||||||||||
Total loans, net of unearned income and allowance for loan losses | 16,242,039 | - | - | 15,574,198 | 15,574,198 | |||||||||||||||||||||||||
Short-term financial assets | ||||||||||||||||||||||||||||||
Total interest-bearing cash | 440,916 | 440,916 | - | - | 440,916 | |||||||||||||||||||||||||
Federal funds sold | 12,425 | - | 12,425 | - | 12,425 | |||||||||||||||||||||||||
Securities purchased under agreements to resell | 517,263 | - | 517,263 | - | 517,263 | |||||||||||||||||||||||||
Total short-term financial assets | 970,604 | 440,916 | 529,688 | - | 970,604 | |||||||||||||||||||||||||
Trading securities (a) | 1,204,366 | - | 1,190,622 | 13,744 | 1,204,366 | |||||||||||||||||||||||||
Loans held-for-sale (a) | 410,550 | - | 48,425 | 362,125 | 410,550 | |||||||||||||||||||||||||
Securities available-for-sale (a) (b) | 3,123,629 | 13,794 | 2,897,657 | 212,178 | 3,123,629 | |||||||||||||||||||||||||
Derivative assets (a) | 334,025 | 14,862 | 319,163 | - | 334,025 | |||||||||||||||||||||||||
Other assets | ||||||||||||||||||||||||||||||
Tax credit investments | 76,822 | - | - | 76,822 | 76,822 | |||||||||||||||||||||||||
Deferred compensation assets | 23,301 | 23,301 | - | - | 23,301 | |||||||||||||||||||||||||
Total other assets | 100,123 | 23,301 | - | 76,822 | 100,123 | |||||||||||||||||||||||||
Nonearning assets | ||||||||||||||||||||||||||||||
Cash & due from banks | 355,978 | 355,978 | - | - | 355,978 | |||||||||||||||||||||||||
Capital markets receivables | 791,190 | - | 791,190 | - | 791,190 | |||||||||||||||||||||||||
Accrued interest receivable | 85,042 | - | 85,042 | - | 85,042 | |||||||||||||||||||||||||
Total nonearning assets | 1,232,210 | 355,978 | 876,232 | - | 1,232,210 | |||||||||||||||||||||||||
Total assets | $ | 23,617,546 | $ | 848,851 | $ | 5,861,787 | $ | 16,239,067 | $ | 22,949,705 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||||||||
Defined maturity | $ | 1,582,097 | $ | - | $ | 1,618,019 | $ | - | $ | 1,618,019 | ||||||||||||||||||||
Undefined maturity | 14,646,014 | - | 14,646,014 | - | 14,646,014 | |||||||||||||||||||||||||
Total deposits | 16,228,111 | - | 16,264,033 | - | 16,264,033 | |||||||||||||||||||||||||
Trading liabilities (a) | 516,970 | - | 516,970 | - | 516,970 | |||||||||||||||||||||||||
Short-term financial liabilities | ||||||||||||||||||||||||||||||
Federal funds purchased | 1,350,806 | - | 1,350,806 | - | 1,350,806 | |||||||||||||||||||||||||
Securities sold under agreements to repurchase | 443,370 | - | 443,370 | - | 443,370 | |||||||||||||||||||||||||
Total other borrowings | 856,958 | - | 845,373 | 11,585 | 856,958 | |||||||||||||||||||||||||
Total short-term financial liabilities | 2,651,134 | - | 2,639,549 | 11,585 | 2,651,134 | |||||||||||||||||||||||||
Term borrowings | ||||||||||||||||||||||||||||||
Real estate investment trust-preferred | 45,743 | - | - | 42,300 | 42,300 | |||||||||||||||||||||||||
Term borrowings - new market tax credit investment | 15,301 | - | - | 16,280 | 16,280 | |||||||||||||||||||||||||
Borrowings secured by residential real estate | 415,975 | - | - | 353,578 | 353,578 | |||||||||||||||||||||||||
Other long term borrowings | 1,786,219 | - | 1,716,741 | - | 1,716,741 | |||||||||||||||||||||||||
Total term borrowings | 2,263,238 | - | 1,716,741 | 412,158 | 2,128,899 | |||||||||||||||||||||||||
Derivative liabilities (a) | 225,084 | 12,424 | 210,320 | 2,340 | 225,084 | |||||||||||||||||||||||||
Other noninterest-bearing liabilities | ||||||||||||||||||||||||||||||
Capital markets payables | 574,201 | - | 574,201 | - | 574,201 | |||||||||||||||||||||||||
Accrued interest payable | 43,184 | - | 43,184 | - | 43,184 | |||||||||||||||||||||||||
Total other noninterest-bearing liabilities | 617,385 | - | 617,385 | - | 617,385 | |||||||||||||||||||||||||
Total liabilities | $ | 22,501,922 | $ | 12,424 | $ | 21,964,998 | $ | 426,083 | $ | 22,403,505 | ||||||||||||||||||||
Certain previously reported amounts have been reclassified to agree with current presentations. | ||||||||||||||||||||||||||||||
Classes are detailed in the recurring and nonrecurring measurement tables. | ||||||||||||||||||||||||||||||
Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. | ||||||||||||||||||||||||||||||
Contractual Amount | Fair Value | |||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | 30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||||||||
Unfunded Commitments: | ||||||||||||||||||||||||||||||
Loan commitments | $ | 9,048,424 | $ | 7,890,786 | $ | 1,722 | $ | 1,571 | ||||||||||||||||||||||
Standby and other commitments | 302,160 | 371,899 | 4,819 | 5,333 |
Restructuring_Repositioning_An1
Restructuring, Repositioning, And Efficiency (Tables) | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Restructuring, Repositioning, And Efficiency [Abstract] | ' | |||||||||||||||||||||||||
Schedule Of Restructuring And Repositioning Liability | ' | |||||||||||||||||||||||||
Activity in the restructuring and repositioning liability for the three and nine months ended September 30, 2013 and 2012, is presented in the following table, along with other restructuring and repositioning expenses recognized. | ||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
30-Sep | 30-Sep | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
(Dollars in thousands) | Expense | Liability | Expense | Liability | Expense | Liability | Expense | Liability | ||||||||||||||||||
Beginning balance | $ | - | $ | 4,277 | $ | - | $ | 8,947 | $ | - | $ | 19,775 | $ | - | $ | 12,026 | ||||||||||
Severance and other employee related costs | 1,160 | 1,160 | 2,730 | 2,730 | 2,620 | 2,620 | 4,769 | 4,769 | ||||||||||||||||||
Facility consolidation costs | 38 | 38 | 41 | 41 | 416 | 416 | -134 | -134 | ||||||||||||||||||
Other exit costs, professional fees, and other | - | - | - | - | - | - | 111 | 111 | ||||||||||||||||||
Total accrued | 1,198 | 5,475 | 2,771 | 11,718 | 3,036 | 22,811 | 4,746 | 16,772 | ||||||||||||||||||
Payments related to: | ||||||||||||||||||||||||||
Severance and other employee related costs | 826 | 5,718 | 17,490 | 8,680 | ||||||||||||||||||||||
Facility consolidation costs | 248 | 529 | 824 | 1,406 | ||||||||||||||||||||||
Other exit costs, professional fees, and other | - | - | - | 15 | ||||||||||||||||||||||
Accrual reversals | 7 | 17 | 103 | 1,217 | ||||||||||||||||||||||
Restructuring and repositioning reserve balance | $ | 4,394 | $ | 5,454 | $ | 4,394 | $ | 5,454 | ||||||||||||||||||
Other restructuring and repositioning expense: | ||||||||||||||||||||||||||
Mortgage banking expense on servicing sales | 2,192 | - | 2,192 | 2,287 | ||||||||||||||||||||||
(Gains)/losses on divestitures | -365 | -180 | -1,004 | -865 | ||||||||||||||||||||||
Impairment of premises and equipment | 369 | - | 369 | 5 | ||||||||||||||||||||||
Impairment of other assets | - | - | - | 12 | ||||||||||||||||||||||
Other | - | - | -96 | - | ||||||||||||||||||||||
Total other restructuring and repositioning expense | 2,196 | -180 | 1,461 | 1,439 | ||||||||||||||||||||||
Total restructuring and repositioning charges | $ | 3,394 | $ | 2,591 | $ | 4,497 | $ | 6,185 | ||||||||||||||||||
Schedule Of Cumulative Costs Associated With Restructuring, Repositioning, And Efficiency Initiatives | ' | |||||||||||||||||||||||||
FHN began initiatives related to restructuring in second quarter 2007. Consequently, the following table presents cumulative amounts incurred to date through September 30, 2013, for costs associated with FHN’s restructuring, repositioning, and efficiency initiatives: | ||||||||||||||||||||||||||
(Dollars in thousands) | Total Expense | |||||||||||||||||||||||||
Severance and other employee related costs | $ | 103,313 | ||||||||||||||||||||||||
Facility consolidation costs | 41,112 | |||||||||||||||||||||||||
Other exit costs, professional fees, and other | 19,165 | |||||||||||||||||||||||||
Other restructuring and repositioning expense: | ||||||||||||||||||||||||||
Loan portfolio divestiture | 7,672 | |||||||||||||||||||||||||
Mortgage banking expense on servicing sales | 26,002 | |||||||||||||||||||||||||
(Gains)/losses on divestitures | -722 | |||||||||||||||||||||||||
Impairment of premises and equipment | 22,766 | |||||||||||||||||||||||||
Impairment of intangible assets | 48,231 | |||||||||||||||||||||||||
Impairment of other assets | 40,504 | |||||||||||||||||||||||||
Other | 7,478 | |||||||||||||||||||||||||
Total restructuring and repositioning charges incurred to date as of September 30, 2013 | $ | 315,521 |
Acquisitions_and_Divestitures_
Acquisitions and Divestitures (Narrative) (Details) (USD $) | 9 Months Ended | 5 Months Ended | |||||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Jun. 07, 2013 | Jun. 07, 2013 | Jun. 07, 2013 | |
Mountain National Bank [Member] | Mountain National Bank [Member] | Mountain National Bank [Member] | |||||
number | Acquired From FDIC [Member] | As Recorded by FHN [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Acquisition date | ' | ' | ' | ' | ' | 7-Jun-13 | ' |
Business Acquisition, Name of Acquired Entity | 'Mountain National Bank | ' | ' | ' | ' | ' | ' |
Number Of Bank Branches | ' | ' | ' | ' | 12 | ' | ' |
Assets acquired | ' | ' | ' | ' | ' | $451,577,000 | $416,045,000 |
Loans acquired | ' | ' | ' | ' | ' | 249,001,000 | 215,907,000 |
Deposits assumed | ' | ' | ' | ' | ' | 362,098,000 | 362,098,000 |
Asset discount | ' | ' | ' | ' | ' | 33,000,000 | ' |
Business Combination, Provisional Information, Initial Accounting Incomplete, Reasons | 'FHN continues to analyze the estimates of the fair value of the assets acquired and liabilities assumed, and as such the amounts recorded are provisional. FHN believes that information provides a reasonable basis for estimating fair values. FHN expects to substantially complete the purchase price allocation by the end of 2013; however, the fair value estimates are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. In addition, the tax treatment is complex and subject to interpretations that may result in future adjustments of deferred taxes as of the acquisition date. | ' | ' | ' | ' | ' | ' |
Goodwill | 140,479,000 | 134,242,000 | 134,242,000 | 133,659,000 | ' | ' | 6,237,000 |
Acquisition goodwill expected to be tax deductible | ' | ' | ' | ' | $3,500,000 | ' | ' |
Acqusitions_and_Divestitures_S
Acqusitions and Divestitures (Schedule of Acquired Assets and Liabilities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Jun. 07, 2013 | Jun. 07, 2013 | Jun. 07, 2013 |
In Thousands, unless otherwise specified | Mountain National Bank [Member] | Mountain National Bank [Member] | Mountain National Bank [Member] | ||||
Acquired From FDIC [Member] | Purchase Accounting Fair Value Adjustments [Member] | As Recorded by FHN [Member] | |||||
Assets: | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | $54,872 | $0 | $54,872 |
Interest-bearing cash | ' | ' | ' | ' | 26,984 | 0 | 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 | ' | ' | ' | ' | 0 | 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 | 0 | 3,405 |
Total assets acquired | ' | ' | ' | ' | 451,577 | -35,532 | 416,045 |
Liabilities: | ' | ' | ' | ' | ' | ' | ' |
Deposits | ' | ' | ' | ' | 362,098 | 0 | 362,098 |
Securities sold under agreements to repurchase | ' | ' | ' | ' | 1,930 | 0 | 1,930 |
Federal Home Loan Bank advances | ' | ' | ' | ' | 50,040 | 5,586 | 55,626 |
Other liabilities | ' | ' | ' | ' | 2,454 | 0 | 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 | $140,479 | $134,242 | $134,242 | $133,659 | ' | ' | $6,237 |
Investment_Securities_Schedule
Investment Securities (Schedule Of FHN's Available For Sale Securities) (Details) (USD $) | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | $3,168,118,000 | [1] | $3,019,009,000 | [2] | ' |
Securities available for sale, Gross Unrealized Gains | 58,514,000 | [1] | 105,516,000 | [2] | ' |
Securities available for sale, Gross Unrealized Losses | -39,689,000 | [1] | -896,000 | [2] | ' |
Securities available for sale | 3,186,943,000 | [1] | 3,123,629,000 | [2] | 3,061,808,000 |
Pledged available for sale securities | 2,900,000,000 | 2,800,000,000 | ' | ||
Frb [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Restricted investments | 66,000,000 | 66,000,000 | ' | ||
Fhlb Cincinnati Stock [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Restricted investments | 128,000,000 | 125,500,000 | ' | ||
U S Treasury Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 39,993,000 | 54,995,000 | ' | ||
Securities available for sale, Gross Unrealized Gains | 3,000 | 1,000 | ' | ||
Securities available for sale, Gross Unrealized Losses | 0 | 0 | ' | ||
Securities available for sale | 39,996,000 | 54,996,000 | ' | ||
Mortgage Backed Securities Issued By U S Government Sponsored Enterprises [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 838,077,000 | 1,191,811,000 | ' | ||
Securities available for sale, Gross Unrealized Gains | 40,944,000 | 79,639,000 | ' | ||
Securities available for sale, Gross Unrealized Losses | -3,570,000 | 0 | ' | ||
Securities available for sale | 875,451,000 | 1,271,450,000 | ' | ||
Collateralized Mortgage Obligations [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 2,043,803,000 | 1,530,075,000 | ' | ||
Securities available for sale, Gross Unrealized Gains | 17,420,000 | 25,562,000 | ' | ||
Securities available for sale, Gross Unrealized Losses | -36,102,000 | -896,000 | ' | ||
Securities available for sale | 2,025,121,000 | 1,554,741,000 | ' | ||
U S Government Corporations And Agencies Securities [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 2,381,000 | 3,911,000 | ' | ||
Securities available for sale, Gross Unrealized Gains | 147,000 | 291,000 | ' | ||
Securities available for sale, Gross Unrealized Losses | 0 | 0 | ' | ||
Securities available for sale | 2,528,000 | 4,202,000 | ' | ||
U S States And Political Subdivisions [Member] | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 15,155,000 | 17,970,000 | ' | ||
Securities available for sale, Gross Unrealized Gains | 0 | 0 | ' | ||
Securities available for sale, Gross Unrealized Losses | 0 | 0 | ' | ||
Securities available for sale | 15,155,000 | 17,970,000 | ' | ||
Equity and other | ' | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 228,709,000 | [3] | 220,247,000 | [4] | ' |
Securities available for sale, Gross Unrealized Gains | 0 | [3] | 23,000 | [4] | ' |
Securities available for sale, Gross Unrealized Losses | -17,000 | [3] | 0 | [4] | ' |
Securities available for sale | $228,692,000 | [3] | $220,270,000 | [4] | ' |
[1] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[2] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[3] | Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. | ||||
[4] | Includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. |
Investment_Securities_Schedule1
Investment Securities (Schedule Of Amortized Cost And Fair Value By Contractual Maturity) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
In Thousands, unless otherwise specified | |||||
Schedule of Investments [Line Items] | ' | ' | ' | ||
Within 1 year, Amortized Cost | $39,993 | ' | ' | ||
After 1 year; within 5 years, Amortized Cost | 3,881 | ' | ' | ||
After 5 years; within 10 years, Amortized Cost | 0 | ' | ' | ||
After 10 years, Amortized Cost | 13,655 | ' | ' | ||
Subtotal, Amortized Cost | 57,529 | ' | ' | ||
Within 1 year, Fair Value | 39,996 | ' | ' | ||
After 1 year; within 5 years, Fair Value | 4,028 | ' | ' | ||
After 5 years; within 10 years, Fair Value | 0 | ' | ' | ||
After 10 years, Fair Value | 13,655 | ' | ' | ||
Subtotal, Fair Value | 57,679 | ' | ' | ||
Securities available for sale, Amortized Cost | 3,168,118 | [1] | ' | 3,019,009 | [2] |
Securities available for sale | 3,186,943 | [1] | 3,061,808 | 3,123,629 | [2] |
Government Agency Issued Mbs And Cmo [Member] | ' | ' | ' | ||
Schedule of Investments [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 2,881,880 | ' | ' | ||
Securities available for sale | 2,900,572 | ' | ' | ||
Equity And Other Debt Securities [Member] | ' | ' | ' | ||
Schedule of Investments [Line Items] | ' | ' | ' | ||
Securities available for sale, Amortized Cost | 228,709 | [3] | ' | 220,247 | [4] |
Securities available for sale | $228,692 | [3] | ' | $220,270 | [4] |
[1] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[2] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[3] | Includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. | ||||
[4] | Includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. The remainder is money market, venture capital, and cost method investments. |
Investment_Securities_Schedule2
Investment Securities (Schedule Of Realized Gross Gains And Losses On Sale From Available For Sale Portfolio) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Investment Securities [Abstract] | ' | ' | ' | ' | ||||
Gross gains on sales of securities | $728 | $0 | $770 | $5,433 | ||||
Gross losses on sales of securities | -824 | 0 | -1,193 | 0 | ||||
Net gain/(loss) on sales of securities | -96 | [1] | 0 | [1] | -423 | [1] | 5,433 | [1] |
Net other than temporary impairment ("OTTI") recorded | 0 | 0 | 0 | -40 | ||||
Total securities gain/ (loss), net | -96 | 0 | -423 | 5,393 | ||||
Proceeds from Sale of Available-for-sale Securities | $44,900 | $0 | $63,787 | $47,493 | ||||
[1] | Proceeds for the three and nine months ended September 30, 2013, were $44.9 million and $63.8 million, respectively. There were no proceeds from sales for the three months ended September 30, 2012; proceeds from sales for the nine months ended September 30, 2012 were $47.5 million. |
Investment_Securities_Schedule3
Investment Securities (Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months, Fair Value | $1,396,178 | $205,205 |
Less than 12 months, Unrealized Losses | -39,612 | -896 |
12 months or longer, Fair Value | 12,018 | 0 |
12 months or longer, Unrealized Losses | -77 | 0 |
Total Fair Value | 1,408,196 | 205,205 |
Total Unrealized Losses | -39,689 | -896 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months, Fair Value | 1,241,836 | 205,205 |
Less than 12 months, Unrealized Losses | -36,025 | -896 |
12 months or longer, Fair Value | 12,018 | 0 |
12 months or longer, Unrealized Losses | -77 | 0 |
Total Fair Value | 1,253,854 | 205,205 |
Total Unrealized Losses | -36,102 | -896 |
Mortgage Backed Securities Issued By U S Government Sponsored Enterprises [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months, Fair Value | 154,299 | ' |
Less than 12 months, Unrealized Losses | -3,570 | ' |
12 months or longer, Fair Value | 0 | ' |
12 months or longer, Unrealized Losses | 0 | ' |
Total Fair Value | 154,299 | ' |
Total Unrealized Losses | -3,570 | ' |
Total debt securities | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months, Fair Value | 1,396,135 | ' |
Less than 12 months, Unrealized Losses | -39,595 | ' |
12 months or longer, Fair Value | 12,018 | ' |
12 months or longer, Unrealized Losses | -77 | ' |
Total Fair Value | 1,408,153 | ' |
Total Unrealized Losses | -39,672 | ' |
Equity Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months, Fair Value | 43 | ' |
Less than 12 months, Unrealized Losses | -17 | ' |
12 months or longer, Fair Value | 0 | ' |
12 months or longer, Unrealized Losses | 0 | ' |
Total Fair Value | 43 | ' |
Total Unrealized Losses | ($17) | ' |
Loans_Narrative_Details
Loans (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Jun. 07, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |||||||||||||
Acquired From FDIC [Member] | Discharged Bankruptcy Loans [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Permanent Mortgage Portfolio Segment [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Residential Real Estate [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Consumer Real Estate Portfolio Segment [Member] | Modified Loans Classified As Tdr [Member] | Modified Loans Classified As Tdr [Member] | Loans To Mortgage Companies [Member] | Loans To Mortgage Companies [Member] | Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card And Other Portfolio Segment [Member] | Credit Card Class [Member] | Credit Card Class [Member] | Heloc And Real Estate Installment Classes [Member] | Restricted Consumer Real Estate Loans And Secured Borrowings [Member] | Restricted Consumer Real Estate Loans And Secured Borrowings [Member] | Restricted Consumer Real Estate Loans And Secured Borrowings [Member] | Restricted Permanent Mortgage Real Estate Loans And Secured Borrowings [Member] | Restricted Permanent Mortgage Real Estate Loans And Secured Borrowings [Member] | Restricted Permanent Mortgage Real Estate Loans And Secured Borrowings [Member] | Finance And Insurance Companies [Member] | Finance Insurance And Loans To Mortgage Companies [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Commercial Loan P D Grade One [Member] | Commercial Loan P D Grade One [Member] | Commercial Loan P D Grade One [Member] | Commercial Loan P D Grade Twelve [Member] | Commercial Loan P D Grade Twelve [Member] | Commercial Loan P D Grade Thirteen [Member] | Commercial Loan P D Grade Thirteen [Member] | Commercial Loan P D Grade Thirteen [Member] | Commercial Loan P D Grade Fourteen [Member] | Commercial Loan P D Grade Fifteen [Member] | Commercial Loan P D Grade Sixteen [Member] | Commercial Loan L G D Grade One [Member] | Commercial Loan L G D Grade Twelve [Member] | |||||||||||||||||||||
Mountain National Bank [Member] | Permanent Mortgage Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Credit Card Class [Member] | Heloc And Real Estate Installment Classes [Member] | Permanent Mortgage Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Credit Card Class [Member] | Heloc And Real Estate Installment Classes [Member] | Minimum [Member] | number | number | Minimum [Member] | number | number | Maximum [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non Accruing [Member] | number | number | number | number | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Percentage of commercial & industrial loan portfolio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21.00% | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Concentration risk, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Impaired commercial loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Troubled debt restructurings loans | 385,300,000 | 371,400,000 | 385,300,000 | 371,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 193,000,000 | 171,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Allowance for loan losses | 255,710,000 | 281,744,000 | 255,710,000 | 281,744,000 | 261,934,000 | 276,963,000 | 321,051,000 | 384,351,000 | ' | ' | 25,556,000 | 25,557,000 | 25,556,000 | 25,557,000 | 27,103,000 | 24,928,000 | 29,112,000 | 26,194,000 | ' | ' | ' | 120,826,000 | 115,949,000 | 120,826,000 | 115,949,000 | 120,848,000 | 128,949,000 | 133,421,000 | 165,077,000 | 61,300,000 | 60,000,000 | ' | ' | 102,373,000 | 133,890,000 | 102,373,000 | 133,890,000 | 6,955,000 | 6,348,000 | 6,955,000 | 6,348,000 | 6,550,000 | 6,898,000 | 6,327,000 | 7,081,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81,000 | 54,000 | ' | 2,425,000 | 2,709,000 | 8,596,000 | 9,211,000 | ' | ' | ' | ' | ' | ' | ||||||||||||
Ratio of the allowance for loan losses to loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16.00% | 16.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Average balance of impaired loans | 466,304,000 | 483,433,000 | 468,443,000 | 473,093,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 149,472,000 | 240,081,000 | 159,348,000 | 255,595,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Interest income recognized on impaired loan | 1,811,000 | 1,754,000 | 5,271,000 | 5,280,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 209,000 | 355,000 | 686,000 | 1,145,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Commercial loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 732,701,000 | 1,636,683,000 | 8,872,800,000 | [1] | 9,696,305,000 | 8,872,800,000 | [1] | 9,696,305,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000,000 | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ||||||||||
Forbearance agreements time period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' | ' | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
TDR, reduction of interest rate by increment, basis points | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Modified interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Modified interest rate time period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | '5 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
TDRS Maturities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '40 years | ' | '40 years | ' | ' | ' | ' | ' | ' | ' | ' | '30 years | ' | '30 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Payment reductions, time period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Credit card workout program, granted rate reduction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Credit card workout program, term extension | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Commercial loan grades | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 12 | ' | 13 | ' | ' | 14 | 15 | 16 | 1 | 12 | ||||||||||||
Time period of default probability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Loans, net of unearned income | 15,408,556,000 | 16,523,783,000 | 15,408,556,000 | 16,523,783,000 | ' | 16,708,582,000 | ' | ' | ' | ' | 697,694,000 | [2] | 805,511,000 | [2] | 697,694,000 | [2] | 805,511,000 | [2] | ' | 765,583,000 | [2] | ' | ' | ' | ' | ' | 5,458,047,000 | [3] | 5,735,904,000 | [3] | 5,458,047,000 | [3] | 5,735,904,000 | [3] | ' | 5,688,703,000 | [3] | ' | ' | ' | ' | 732,701,000 | 1,636,683,000 | ' | ' | ' | ' | 332,162,000 | 286,063,000 | 332,162,000 | 286,063,000 | ' | 289,105,000 | ' | ' | 189,487,000 | 186,911,000 | ' | 349,300,000 | 402,400,000 | 417,000,000 | 11,700,000 | 13,200,000 | 14,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Loans acquired | ' | ' | ' | ' | ' | ' | ' | ' | 249,001,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Modified interest rate increase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Provision for loan losses | 10,000,000 | 40,000,000 | 40,000,000 | 63,000,000 | ' | ' | ' | ' | ' | 30,000,000 | -1,022,000 | -1,400,000 | 5,596,000 | 8,055,000 | ' | ' | ' | ' | ' | ' | ' | 11,992,000 | 48,938,000 | 35,737,000 | 71,235,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,535,000 | 2,372,000 | 6,211,000 | 5,786,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Net charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | $40,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
[1] | Balance as of September 30, 2013, excludes PCI loans amounting to $47.9 million. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $349.3 million, $417.0 million and $402.4 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. |
Loans_Schedule_Of_Loans_By_Por
Loans (Schedule Of Loans By Portfolio Segment) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | |||
In Thousands, unless otherwise specified | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | $15,408,556 | ' | $16,708,582 | $16,523,783 | ' | ' | |||
Allowance for loan losses | 255,710 | 261,934 | 276,963 | 281,744 | 321,051 | 384,351 | |||
Total net loans | 15,152,846 | ' | 16,431,619 | 16,242,039 | ' | ' | |||
Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | 7,746,942 | ' | 8,796,956 | 8,466,450 | ' | ' | |||
Allowance for loan losses | 91,380 | 93,502 | 96,191 | 106,541 | 110,645 | 130,413 | |||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | 1,173,711 | ' | 1,168,235 | 1,229,855 | ' | ' | |||
Allowance for loan losses | 10,993 | 13,931 | 19,997 | 27,349 | 41,546 | 55,586 | |||
Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | 5,458,047 | [1] | ' | 5,688,703 | [1] | 5,735,904 | [1] | ' | ' |
Allowance for loan losses | 120,826 | 120,848 | 128,949 | 115,949 | 133,421 | 165,077 | |||
Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | 697,694 | [2] | ' | 765,583 | [2] | 805,511 | [2] | ' | ' |
Allowance for loan losses | 25,556 | 27,103 | 24,928 | 25,557 | 29,112 | 26,194 | |||
Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | 332,162 | ' | 289,105 | 286,063 | ' | ' | |||
Allowance for loan losses | 6,955 | 6,550 | 6,898 | 6,348 | 6,327 | 7,081 | |||
Restricted Consumer Real Estate Loans And Secured Borrowings [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | 349,300 | ' | 402,400 | 417,000 | ' | ' | |||
Restricted Permanent Mortgage Real Estate Loans And Secured Borrowings [Member] | ' | ' | ' | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans, net of unearned income | $11,700 | ' | $13,200 | $14,200 | ' | ' | |||
[1] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $349.3 million, $417.0 million and $402.4 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | ||||||||
[2] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. |
Loans_Certain_Loans_Acquired_I
Loans (Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Jun. 07, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Loans [Abstract] | ' | ' | ' | ' |
Contractually required payments including interest | ' | ' | $79,676 | ' |
Nonaccretable difference | ' | ' | -23,750 | ' |
Cash flows expected to be collected | ' | ' | 55,926 | ' |
Accretable yield | 5,596 | 6,432 | -6,650 | 0 |
Fair value of loans acquired | ' | ' | $49,276 | ' |
Loans_Certain_Loans_Acquired_I1
Loans (Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 07, 2013 |
Loans [Abstract] | ' | ' | ' |
Balance, beginning of period | $6,432 | $0 | ($6,650) |
Impact of acquisition/purchase on June 7, 2013 | 0 | 6,650 | ' |
Accretion | -821 | -1,039 | ' |
Adjustment for payoffs | -15 | -15 | ' |
Balance, end of period | $5,596 | $5,596 | ($6,650) |
Loans_Schedule_Of_Acquired_Pur
Loans (Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Ending balance | $48,764 |
Unpaid balance | 67,152 |
Commercial Financial And Industrial Portfolio Segment [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Ending balance | 2,410 |
Unpaid balance | 2,758 |
Commercial Real Estate Portfolio Segment [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Ending balance | 45,443 |
Unpaid balance | 63,061 |
Consumer Real Estate Portfolio Segment [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Ending balance | 894 |
Unpaid balance | 1,309 |
Credit Card And Other Portfolio Segment [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Ending balance | 17 |
Unpaid balance | $24 |
Loans_Rollforward_Of_The_Allow
Loans (Rollforward Of The Allowance For Loan Losses By Portfolio Segment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | |||||
Beginning Balance | $261,934 | $321,051 | $276,963 | $384,351 | ' | |||||
Charge-offs | -26,046 | -87,022 | -92,418 | -193,833 | ' | |||||
Recoveries | 9,822 | 7,715 | 31,165 | 28,226 | ' | |||||
Provision for loan losses | 10,000 | 40,000 | 40,000 | 63,000 | ' | |||||
Ending Balance | 255,710 | 281,744 | 255,710 | 281,744 | ' | |||||
Allowance - individually evaluated for impairment | 74,567 | 81,709 | 74,567 | 81,709 | ' | |||||
Allowance - collectively evaluated for impairment | 181,143 | 200,035 | 181,143 | 200,035 | ' | |||||
Individually evaluated for impairment | 448,080 | 495,332 | 448,080 | 495,332 | ' | |||||
Collectively evaluated for impairment | 14,911,712 | 16,028,451 | 14,911,712 | 16,028,451 | ' | |||||
Purchase credit impaired loans | 48,764 | ' | 48,764 | ' | ' | |||||
Loans, net of unearned income | 15,408,556 | 16,523,783 | 15,408,556 | 16,523,783 | 16,708,582 | |||||
Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | |||||
Beginning Balance | 93,502 | 110,645 | 96,191 | 130,413 | ' | |||||
Charge-offs | -4,869 | -7,077 | -16,201 | -23,310 | ' | |||||
Recoveries | 3,242 | 1,892 | 9,839 | 8,568 | ' | |||||
Provision for loan losses | -495 | 1,081 | 1,551 | -9,130 | ' | |||||
Ending Balance | 91,380 | 106,541 | 91,380 | 106,541 | ' | |||||
Allowance - individually evaluated for impairment | 15,702 | 28,672 | 15,702 | 28,672 | ' | |||||
Allowance - collectively evaluated for impairment | 75,678 | 77,869 | 75,678 | 77,869 | ' | |||||
Individually evaluated for impairment | 102,729 | 153,480 | 102,729 | 153,480 | ' | |||||
Collectively evaluated for impairment | 7,641,803 | 8,312,970 | 7,641,803 | 8,312,970 | ' | |||||
Purchase credit impaired loans | 2,410 | ' | 2,410 | ' | ' | |||||
Loans, net of unearned income | 7,746,942 | 8,466,450 | 7,746,942 | 8,466,450 | 8,796,956 | |||||
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | |||||
Beginning Balance | 13,931 | 41,546 | 19,997 | 55,586 | ' | |||||
Charge-offs | -515 | -4,446 | -2,612 | -18,070 | ' | |||||
Recoveries | 587 | 1,240 | 2,703 | 2,779 | ' | |||||
Provision for loan losses | -3,010 | -10,991 | -9,095 | -12,946 | ' | |||||
Ending Balance | 10,993 | 27,349 | 10,993 | 27,349 | ' | |||||
Allowance - individually evaluated for impairment | 1,581 | 183 | 1,581 | 183 | ' | |||||
Allowance - collectively evaluated for impairment | 9,412 | 27,166 | 9,412 | 27,166 | ' | |||||
Individually evaluated for impairment | 30,266 | 66,357 | 30,266 | 66,357 | ' | |||||
Collectively evaluated for impairment | 1,098,002 | 1,163,498 | 1,098,002 | 1,163,498 | ' | |||||
Purchase credit impaired loans | 45,443 | ' | 45,443 | ' | ' | |||||
Loans, net of unearned income | 1,173,711 | 1,229,855 | 1,173,711 | 1,229,855 | 1,168,235 | |||||
Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | |||||
Beginning Balance | 120,848 | 133,421 | 128,949 | 165,077 | ' | |||||
Charge-offs | -16,412 | -69,351 | -58,792 | -132,618 | ' | |||||
Recoveries | 4,398 | 2,941 | 14,932 | 12,255 | ' | |||||
Provision for loan losses | 11,992 | 48,938 | 35,737 | 71,235 | ' | |||||
Ending Balance | 120,826 | 115,949 | 120,826 | 115,949 | ' | |||||
Allowance - individually evaluated for impairment | 38,426 | 31,629 | 38,426 | 31,629 | ' | |||||
Allowance - collectively evaluated for impairment | 82,400 | 84,320 | 82,400 | 84,320 | ' | |||||
Individually evaluated for impairment | 170,401 | 145,481 | 170,401 | 145,481 | ' | |||||
Collectively evaluated for impairment | 5,286,752 | 5,590,423 | 5,286,752 | 5,590,423 | ' | |||||
Purchase credit impaired loans | 894 | ' | 894 | ' | ' | |||||
Loans, net of unearned income | 5,458,047 | [1] | 5,735,904 | [1] | 5,458,047 | [1] | 5,735,904 | [1] | 5,688,703 | [1] |
Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | |||||
Beginning Balance | 27,103 | 29,112 | 24,928 | 26,194 | ' | |||||
Charge-offs | -1,366 | -2,889 | -6,577 | -10,597 | ' | |||||
Recoveries | 841 | 734 | 1,609 | 1,905 | ' | |||||
Provision for loan losses | -1,022 | -1,400 | 5,596 | 8,055 | ' | |||||
Ending Balance | 25,556 | 25,557 | 25,556 | 25,557 | ' | |||||
Allowance - individually evaluated for impairment | 18,646 | 20,988 | 18,646 | 20,988 | ' | |||||
Allowance - collectively evaluated for impairment | 6,910 | 4,569 | 6,910 | 4,569 | ' | |||||
Individually evaluated for impairment | 144,036 | 129,101 | 144,036 | 129,101 | ' | |||||
Collectively evaluated for impairment | 553,658 | 676,410 | 553,658 | 676,410 | ' | |||||
Purchase credit impaired loans | 0 | ' | 0 | ' | ' | |||||
Loans, net of unearned income | 697,694 | [2] | 805,511 | [2] | 697,694 | [2] | 805,511 | [2] | 765,583 | [2] |
Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ' | ' | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | |||||
Beginning Balance | 6,550 | 6,327 | 6,898 | 7,081 | ' | |||||
Charge-offs | -2,884 | -3,259 | -8,236 | -9,238 | ' | |||||
Recoveries | 754 | 908 | 2,082 | 2,719 | ' | |||||
Provision for loan losses | 2,535 | 2,372 | 6,211 | 5,786 | ' | |||||
Ending Balance | 6,955 | 6,348 | 6,955 | 6,348 | ' | |||||
Allowance - individually evaluated for impairment | 212 | 237 | 212 | 237 | ' | |||||
Allowance - collectively evaluated for impairment | 6,743 | 6,111 | 6,743 | 6,111 | ' | |||||
Individually evaluated for impairment | 648 | 913 | 648 | 913 | ' | |||||
Collectively evaluated for impairment | 331,497 | 285,150 | 331,497 | 285,150 | ' | |||||
Purchase credit impaired loans | 17 | ' | 17 | ' | ' | |||||
Loans, net of unearned income | $332,162 | $286,063 | $332,162 | $286,063 | $289,105 | |||||
[1] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $349.3 million, $417.0 million and $402.4 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||||||
[2] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. |
Loans_Information_By_Class_Rel
Loans (Information By Class Related To Individually Impaired Loans) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | $451,326 | $501,239 | $451,326 | $501,239 | ||||
Unpaid Principal Balance | 515,220 | 607,546 | 515,220 | 607,546 | ||||
Related Allowance | 74,567 | 81,709 | 74,567 | 81,709 | ||||
Average Recorded Investment | 466,304 | 483,433 | 468,443 | 473,093 | ||||
Interest Income Recognized | 1,811 | 1,754 | 5,271 | 5,280 | ||||
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 136,241 | 225,744 | 136,241 | 225,744 | ||||
Unpaid Principal Balance | 169,976 | 284,753 | 169,976 | 284,753 | ||||
Related Allowance | 17,283 | 28,855 | 17,283 | 28,855 | ||||
Average Recorded Investment | 149,472 | 240,081 | 159,348 | 255,595 | ||||
Interest Income Recognized | 209 | 355 | 686 | 1,145 | ||||
Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 315,085 | 275,495 | 315,085 | 275,495 | ||||
Unpaid Principal Balance | 345,244 | 322,793 | 345,244 | 322,793 | ||||
Related Allowance | 57,284 | 52,854 | 57,284 | 52,854 | ||||
Average Recorded Investment | 316,832 | 243,352 | 309,095 | 217,498 | ||||
Interest Income Recognized | 1,602 | 1,399 | 4,585 | 4,135 | ||||
Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 53,632 | 170,056 | 53,632 | 170,056 | ||||
Unpaid Principal Balance | 74,578 | 227,271 | 74,578 | 227,271 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 70,754 | 176,448 | 98,116 | 191,991 | ||||
Interest Income Recognized | 0 | 308 | 398 | 1,002 | ||||
Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 44,486 | 35,064 | 44,486 | 35,064 | ||||
Unpaid Principal Balance | 70,500 | 81,525 | 70,500 | 81,525 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 45,592 | 381 | 46,366 | 128 | ||||
Interest Income Recognized | 0 | 0 | 0 | 0 | ||||
Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 82,609 | 55,688 | 82,609 | 55,688 | ||||
Unpaid Principal Balance | 95,398 | 57,482 | 95,398 | 57,482 | ||||
Related Allowance | 17,283 | 28,855 | 17,283 | 28,855 | ||||
Average Recorded Investment | 78,718 | 63,633 | 61,232 | 63,604 | ||||
Interest Income Recognized | 209 | 47 | 288 | 143 | ||||
Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 270,599 | 240,431 | 270,599 | 240,431 | ||||
Unpaid Principal Balance | 274,744 | 241,268 | 274,744 | 241,268 | ||||
Related Allowance | 57,284 | 52,854 | 57,284 | 52,854 | ||||
Average Recorded Investment | 271,240 | 242,971 | 262,729 | 217,370 | ||||
Interest Income Recognized | 1,602 | 1,399 | 4,585 | 4,135 | ||||
General C I [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 34,193 | 59,215 | 34,193 | 59,215 | ||||
Unpaid Principal Balance | 43,677 | 75,587 | 43,677 | 75,587 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 40,812 | 60,669 | 51,845 | 67,098 | ||||
Interest Income Recognized | 0 | 142 | 108 | 549 | ||||
General C I [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 31,672 | 20,580 | 31,672 | 20,580 | ||||
Unpaid Principal Balance | 38,075 | 22,374 | 38,075 | 22,374 | ||||
Related Allowance | 2,447 | 7,351 | 2,447 | 7,351 | ||||
Average Recorded Investment | 27,944 | 19,764 | 16,319 | 17,512 | ||||
Interest Income Recognized | 71 | 33 | 108 | 100 | ||||
TRUPs [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 6,500 | 45,892 | 6,500 | 45,892 | ||||
Unpaid Principal Balance | 6,500 | 45,892 | 6,500 | 45,892 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 6,500 | 46,446 | 10,583 | 46,446 | ||||
Interest Income Recognized | 0 | 0 | 0 | 0 | ||||
TRUPs [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 33,610 | 33,700 | 33,610 | 33,700 | ||||
Unpaid Principal Balance | 33,610 | 33,700 | 33,610 | 33,700 | ||||
Related Allowance | 13,255 | 21,321 | 13,255 | 21,321 | ||||
Average Recorded Investment | 38,655 | 33,700 | 39,185 | 33,700 | ||||
Interest Income Recognized | 0 | 0 | 0 | 0 | ||||
Income C R E [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 12,939 | 44,956 | 12,939 | 44,956 | ||||
Unpaid Principal Balance | 24,219 | 69,684 | 24,219 | 69,684 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 17,959 | 48,166 | 24,828 | 56,305 | ||||
Interest Income Recognized | 0 | 96 | 168 | 249 | ||||
Income C R E [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 10,274 | 1,408 | 10,274 | 1,408 | ||||
Unpaid Principal Balance | 11,330 | 1,408 | 11,330 | 1,408 | ||||
Related Allowance | 765 | 183 | 765 | 183 | ||||
Average Recorded Investment | 7,552 | 1,469 | 3,859 | 1,815 | ||||
Interest Income Recognized | 70 | 14 | 96 | 43 | ||||
Residential C R E [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 0 | 19,993 | 0 | 19,993 | ||||
Unpaid Principal Balance | 182 | 36,108 | 182 | 36,108 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 5,483 | 21,167 | 10,860 | 22,142 | ||||
Interest Income Recognized | 0 | 70 | 122 | 204 | ||||
Residential C R E [Member] | Impaired Loans With Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 7,053 | 0 | 7,053 | 0 | ||||
Unpaid Principal Balance | 12,383 | 0 | 12,383 | 0 | ||||
Related Allowance | 816 | 0 | 816 | 0 | ||||
Average Recorded Investment | 4,567 | 8,700 | 1,869 | 10,577 | ||||
Interest Income Recognized | 68 | 0 | 84 | 0 | ||||
Home Equity [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 18,323 | [1] | 13,086 | [1] | 18,323 | [1] | 13,086 | [1] |
Unpaid Principal Balance | 40,867 | 40,222 | 40,867 | 40,222 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 19,016 | 142 | 20,032 | 48 | ||||
Interest Income Recognized | 0 | 0 | 0 | 0 | ||||
Home Equity [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 68,903 | 57,020 | 68,903 | 57,020 | ||||
Unpaid Principal Balance | 71,708 | 57,422 | 71,708 | 57,422 | ||||
Related Allowance | 15,702 | 12,980 | 15,702 | 12,980 | ||||
Average Recorded Investment | 68,287 | 57,097 | 65,005 | 53,469 | ||||
Interest Income Recognized | 483 | 389 | 1,373 | 1,173 | ||||
R E Installment Loans [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 11,632 | [1] | 8,696 | [1] | 11,632 | [1] | 8,696 | [1] |
Unpaid Principal Balance | 15,102 | 24,263 | 15,102 | 24,263 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 11,913 | 95 | 12,166 | 32 | ||||
Interest Income Recognized | 0 | 0 | 0 | 0 | ||||
R E Installment Loans [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 71,543 | 66,679 | 71,543 | 66,679 | ||||
Unpaid Principal Balance | 72,686 | 67,053 | 72,686 | 67,053 | ||||
Related Allowance | 22,724 | 18,649 | 22,724 | 18,649 | ||||
Average Recorded Investment | 75,084 | 67,272 | 72,571 | 68,444 | ||||
Interest Income Recognized | 336 | 294 | 1,025 | 835 | ||||
Permanent Mortgage Portfolio Segment [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 14,531 | [1] | 13,282 | [1] | 14,531 | [1] | 13,282 | [1] |
Unpaid Principal Balance | 14,531 | 17,040 | 14,531 | 17,040 | ||||
Related Allowance | 0 | 0 | 0 | 0 | ||||
Average Recorded Investment | 14,663 | 144 | 14,168 | 48 | ||||
Interest Income Recognized | 0 | 0 | 0 | 0 | ||||
Permanent Mortgage Portfolio Segment [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 129,505 | 115,819 | 129,505 | 115,819 | ||||
Unpaid Principal Balance | 129,702 | 115,880 | 129,702 | 115,880 | ||||
Related Allowance | 18,646 | 20,988 | 18,646 | 20,988 | ||||
Average Recorded Investment | 127,187 | 117,679 | 124,421 | 94,442 | ||||
Interest Income Recognized | 776 | 714 | 2,164 | 2,104 | ||||
Credit Card Other [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | ' | ' | ' | ' | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ||||
Recorded Investment | 648 | 913 | 648 | 913 | ||||
Unpaid Principal Balance | 648 | 913 | 648 | 913 | ||||
Related Allowance | 212 | 237 | 212 | 237 | ||||
Average Recorded Investment | 682 | 923 | 732 | 1,015 | ||||
Interest Income Recognized | $7 | $2 | $23 | $23 | ||||
[1] | All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance. |
Loans_Balances_Of_Commercial_L
Loans (Balances Of Commercial Loan Portfolio Classes, Disaggregated By PD Grade) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Allowance for loan losses | $255,710,000 | $261,934,000 | $276,963,000 | $281,744,000 | $321,051,000 | $384,351,000 | ||
Total loans collectively evaluated for impairment | 14,911,712,000 | ' | ' | 16,028,451,000 | ' | ' | ||
Total loans individually evaluated for impairment | 448,080,000 | ' | ' | 495,332,000 | ' | ' | ||
Allowance - collectively evaluated for impairment | 181,143,000 | ' | ' | 200,035,000 | ' | ' | ||
Allowance - individually evaluated for impairment | 74,567,000 | ' | ' | 81,709,000 | ' | ' | ||
Purchase credit impaired loans | 48,764,000 | ' | ' | ' | ' | ' | ||
General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Total loans collectively evaluated for impairment | 6,573,060,000 | ' | ' | 6,338,110,000 | ' | ' | ||
Total loans individually evaluated for impairment | 65,865,000 | ' | ' | 79,795,000 | ' | ' | ||
Total commercial loans | 6,638,925,000 | ' | ' | 6,417,905,000 | ' | ' | ||
Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Total loans collectively evaluated for impairment | 732,701,000 | ' | ' | 1,636,683,000 | ' | ' | ||
Total loans individually evaluated for impairment | 0 | ' | ' | 0 | ' | ' | ||
Total commercial loans | 732,701,000 | ' | ' | 1,636,683,000 | ' | ' | ||
TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Total loans collectively evaluated for impairment | 336,042,000 | [1] | ' | ' | 338,177,000 | [1] | ' | ' |
Total loans individually evaluated for impairment | 36,864,000 | [1] | ' | ' | 73,685,000 | [1] | ' | ' |
Total commercial loans | 372,906,000 | [1] | ' | ' | 411,862,000 | [1] | ' | ' |
LOCOM valuation allowance | 29,400,000 | ' | ' | 34,200,000 | ' | ' | ||
Highest internal grade | 13 | ' | ' | ' | ' | ' | ||
Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Total loans collectively evaluated for impairment | 1,067,041,000 | ' | ' | 1,114,502,000 | ' | ' | ||
Total loans individually evaluated for impairment | 23,213,000 | ' | ' | 46,364,000 | ' | ' | ||
Total commercial loans | 1,090,254,000 | ' | ' | 1,160,866,000 | ' | ' | ||
Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Total loans collectively evaluated for impairment | 30,961,000 | ' | ' | 48,996,000 | ' | ' | ||
Total loans individually evaluated for impairment | 7,053,000 | ' | ' | 19,993,000 | ' | ' | ||
Total commercial loans | 38,014,000 | ' | ' | 68,989,000 | ' | ' | ||
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Percent of total commercial loans | 100.00% | ' | ' | 100.00% | ' | ' | ||
Allowance for loan losses | 102,373,000 | ' | ' | 133,890,000 | ' | ' | ||
Total loans collectively evaluated for impairment | 8,739,805,000 | ' | ' | 9,476,468,000 | ' | ' | ||
Total loans individually evaluated for impairment | 132,995,000 | ' | ' | 219,837,000 | ' | ' | ||
Total commercial loans | 8,872,800,000 | [2] | ' | ' | 9,696,305,000 | ' | ' | |
Allowance - collectively evaluated for impairment | 85,090,000 | ' | ' | 105,035,000 | ' | ' | ||
Allowance - individually evaluated for impairment | 17,283,000 | ' | ' | 28,855,000 | ' | ' | ||
Percent of loan collectively evaluated for impairment | 99.00% | ' | ' | 98.00% | ' | ' | ||
Percent of loan individually evaluated for impairment | 1.00% | ' | ' | 2.00% | ' | ' | ||
Commercial Purchase Credit Impaired Loans [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Purchase credit impaired loans | 47,900,000 | ' | ' | ' | ' | ' | ||
Commercial Loan P D Grade One [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 228,555,000 | ' | ' | 213,872,000 | ' | ' | ||
Percent of total commercial loans | 3.00% | ' | ' | 2.00% | ' | ' | ||
Allowance for loan losses | 81,000 | ' | ' | 54,000 | ' | ' | ||
Commercial Loan P D Grade One [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 228,555,000 | ' | ' | 213,872,000 | ' | ' | ||
Commercial Loan P D Grade One [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade One [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade One [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade One [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Two [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 179,955,000 | ' | ' | 185,601,000 | ' | ' | ||
Percent of total commercial loans | 2.00% | ' | ' | 2.00% | ' | ' | ||
Allowance for loan losses | 79,000 | ' | ' | 93,000 | ' | ' | ||
Commercial Loan P D Grade Two [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 179,955,000 | ' | ' | 183,044,000 | ' | ' | ||
Commercial Loan P D Grade Two [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Two [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Two [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 2,557,000 | ' | ' | ||
Commercial Loan P D Grade Two [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Three [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 197,567,000 | ' | ' | 137,393,000 | ' | ' | ||
Percent of total commercial loans | 2.00% | ' | ' | 1.00% | ' | ' | ||
Allowance for loan losses | 224,000 | ' | ' | 79,000 | ' | ' | ||
Commercial Loan P D Grade Three [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 194,880,000 | ' | ' | 129,183,000 | ' | ' | ||
Commercial Loan P D Grade Three [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Three [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Three [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 2,687,000 | ' | ' | 8,210,000 | ' | ' | ||
Commercial Loan P D Grade Three [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Four [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 311,097,000 | ' | ' | 261,561,000 | ' | ' | ||
Percent of total commercial loans | 4.00% | ' | ' | 3.00% | ' | ' | ||
Allowance for loan losses | 517,000 | ' | ' | 226,000 | ' | ' | ||
Commercial Loan P D Grade Four [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 311,097,000 | ' | ' | 255,875,000 | ' | ' | ||
Commercial Loan P D Grade Four [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Four [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Four [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 5,660,000 | ' | ' | ||
Commercial Loan P D Grade Four [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 26,000 | ' | ' | ||
Commercial Loan P D Grade Five [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 802,787,000 | ' | ' | 528,621,000 | ' | ' | ||
Percent of total commercial loans | 9.00% | ' | ' | 6.00% | ' | ' | ||
Allowance for loan losses | 1,363,000 | ' | ' | 1,027,000 | ' | ' | ||
Commercial Loan P D Grade Five [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 790,748,000 | ' | ' | 500,389,000 | ' | ' | ||
Commercial Loan P D Grade Five [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Five [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Five [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 11,823,000 | ' | ' | 28,115,000 | ' | ' | ||
Commercial Loan P D Grade Five [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 216,000 | ' | ' | 117,000 | ' | ' | ||
Commercial Loan P D Grade Six [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,023,406,000 | ' | ' | 1,200,030,000 | ' | ' | ||
Percent of total commercial loans | 12.00% | ' | ' | 12.00% | ' | ' | ||
Allowance for loan losses | 1,973,000 | ' | ' | 3,002,000 | ' | ' | ||
Commercial Loan P D Grade Six [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 938,609,000 | ' | ' | 899,007,000 | ' | ' | ||
Commercial Loan P D Grade Six [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 40,200,000 | ' | ' | 129,816,000 | ' | ' | ||
Commercial Loan P D Grade Six [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Six [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 44,311,000 | ' | ' | 166,183,000 | ' | ' | ||
Commercial Loan P D Grade Six [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 286,000 | ' | ' | 5,024,000 | ' | ' | ||
Commercial Loan P D Grade Seven [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,565,951,000 | ' | ' | 1,485,514,000 | ' | ' | ||
Percent of total commercial loans | 17.00% | ' | ' | 15.00% | ' | ' | ||
Allowance for loan losses | 3,377,000 | ' | ' | 7,868,000 | ' | ' | ||
Commercial Loan P D Grade Seven [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,125,031,000 | ' | ' | 997,337,000 | ' | ' | ||
Commercial Loan P D Grade Seven [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 202,128,000 | ' | ' | 327,812,000 | ' | ' | ||
Commercial Loan P D Grade Seven [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Seven [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 228,814,000 | ' | ' | 156,309,000 | ' | ' | ||
Commercial Loan P D Grade Seven [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 9,978,000 | ' | ' | 4,056,000 | ' | ' | ||
Commercial Loan P D Grade Eight [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,397,425,000 | ' | ' | 2,068,775,000 | ' | ' | ||
Percent of total commercial loans | 16.00% | ' | ' | 21.00% | ' | ' | ||
Allowance for loan losses | 4,895,000 | ' | ' | 12,028,000 | ' | ' | ||
Commercial Loan P D Grade Eight [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 881,668,000 | ' | ' | 936,437,000 | ' | ' | ||
Commercial Loan P D Grade Eight [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 308,282,000 | ' | ' | 959,623,000 | ' | ' | ||
Commercial Loan P D Grade Eight [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Eight [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 202,417,000 | ' | ' | 172,200,000 | ' | ' | ||
Commercial Loan P D Grade Eight [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 5,058,000 | ' | ' | 515,000 | ' | ' | ||
Commercial Loan P D Grade Nine [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 972,262,000 | ' | ' | 1,011,186,000 | ' | ' | ||
Percent of total commercial loans | 11.00% | ' | ' | 10.00% | ' | ' | ||
Allowance for loan losses | 7,981,000 | ' | ' | 10,084,000 | ' | ' | ||
Commercial Loan P D Grade Nine [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 615,180,000 | ' | ' | 651,137,000 | ' | ' | ||
Commercial Loan P D Grade Nine [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 152,275,000 | ' | ' | 186,130,000 | ' | ' | ||
Commercial Loan P D Grade Nine [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Nine [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 203,308,000 | ' | ' | 172,544,000 | ' | ' | ||
Commercial Loan P D Grade Nine [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,499,000 | ' | ' | 1,375,000 | ' | ' | ||
Commercial Loan P D Grade Ten [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 620,418,000 | ' | ' | 640,050,000 | ' | ' | ||
Percent of total commercial loans | 7.00% | ' | ' | 7.00% | ' | ' | ||
Allowance for loan losses | 8,640,000 | ' | ' | 8,103,000 | ' | ' | ||
Commercial Loan P D Grade Ten [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 451,318,000 | ' | ' | 508,520,000 | ' | ' | ||
Commercial Loan P D Grade Ten [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 29,008,000 | ' | ' | 33,302,000 | ' | ' | ||
Commercial Loan P D Grade Ten [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Ten [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 139,026,000 | ' | ' | 96,892,000 | ' | ' | ||
Commercial Loan P D Grade Ten [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,066,000 | ' | ' | 1,336,000 | ' | ' | ||
Commercial Loan P D Grade Eleven [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 469,777,000 | ' | ' | 549,313,000 | ' | ' | ||
Percent of total commercial loans | 5.00% | ' | ' | 6.00% | ' | ' | ||
Allowance for loan losses | 10,338,000 | ' | ' | 9,112,000 | ' | ' | ||
Commercial Loan P D Grade Eleven [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 399,082,000 | ' | ' | 462,654,000 | ' | ' | ||
Commercial Loan P D Grade Eleven [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 473,000 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Eleven [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Eleven [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 69,945,000 | ' | ' | 84,635,000 | ' | ' | ||
Commercial Loan P D Grade Eleven [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 277,000 | ' | ' | 2,024,000 | ' | ' | ||
Commercial Loan P D Grade Twelve [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 183,674,000 | ' | ' | 188,814,000 | ' | ' | ||
Percent of total commercial loans | 2.00% | ' | ' | 2.00% | ' | ' | ||
Allowance for loan losses | 2,425,000 | ' | ' | 2,709,000 | ' | ' | ||
Commercial Loan P D Grade Twelve [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 124,916,000 | ' | ' | 175,688,000 | ' | ' | ||
Commercial Loan P D Grade Twelve [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Twelve [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Twelve [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 57,534,000 | ' | ' | 11,848,000 | ' | ' | ||
Commercial Loan P D Grade Twelve [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,224,000 | ' | ' | 1,278,000 | ' | ' | ||
Commercial Loan P D Grade Thirteen [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 527,145,000 | ' | ' | 572,077,000 | ' | ' | ||
Percent of total commercial loans | 6.00% | ' | ' | 6.00% | ' | ' | ||
Allowance for loan losses | 8,596,000 | ' | ' | 9,211,000 | ' | ' | ||
Commercial Loan P D Grade Thirteen [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 159,675,000 | ' | ' | 154,787,000 | ' | ' | ||
Commercial Loan P D Grade Thirteen [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 0 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Thirteen [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 332,707,000 | [1] | ' | ' | 338,177,000 | [1] | ' | ' |
Commercial Loan P D Grade Thirteen [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 33,439,000 | ' | ' | 75,408,000 | ' | ' | ||
Commercial Loan P D Grade Thirteen [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 1,324,000 | ' | ' | 3,705,000 | ' | ' | ||
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 259,786,000 | ' | ' | 433,661,000 | ' | ' | ||
Percent of total commercial loans | 3.00% | ' | ' | 5.00% | ' | ' | ||
Allowance for loan losses | 34,601,000 | ' | ' | 41,439,000 | ' | ' | ||
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | General C I [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 172,346,000 | ' | ' | 270,180,000 | ' | ' | ||
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 335,000 | ' | ' | 0 | ' | ' | ||
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | TRUPs [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 3,335,000 | [1] | ' | ' | 0 | [1] | ' | ' |
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Income C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | 73,737,000 | ' | ' | 133,941,000 | ' | ' | ||
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | Residential C R E [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Commercial loan, Disaggregated by PD grade | $10,033,000 | ' | ' | $29,540,000 | ' | ' | ||
[1] | Balances as of September 30, 2013 and 2012, presented net of $29.4 million and $34.2 million, respectively, in lower of cost or market (bLOCOMb) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is "13". | |||||||
[2] | Balance as of September 30, 2013, excludes PCI loans amounting to $47.9 million. |
Loans_PeriodEnd_Balances_And_V
Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | $15,408,556 | $16,708,582 | $16,523,783 |
Home Equity [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 2,896,532 | ' | 3,335,635 |
Avg orig FICO | 741 | ' | 740 |
Avg Refreshed FICO | 730 | ' | 731 |
Loans, net of unearned income | 2,896,532 | ' | 3,335,635 |
Home Equity [Member] | Origination Vintage Period Pre2003 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 88,416 | ' | 135,605 |
Avg orig FICO | 711 | ' | 718 |
Avg Refreshed FICO | 702 | ' | 710 |
Home Equity [Member] | Origination Vintage Period 2003 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 163,576 | ' | 235,546 |
Avg orig FICO | 728 | ' | 733 |
Avg Refreshed FICO | 714 | ' | 724 |
Home Equity [Member] | Origination Vintage Period 2004 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 421,542 | ' | 514,791 |
Avg orig FICO | 727 | ' | 728 |
Avg Refreshed FICO | 717 | ' | 718 |
Home Equity [Member] | Origination Vintage Period 2005 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 548,756 | ' | 642,027 |
Avg orig FICO | 733 | ' | 734 |
Avg Refreshed FICO | 720 | ' | 719 |
Home Equity [Member] | Origination Vintage Period 2006 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 400,023 | ' | 474,706 |
Avg orig FICO | 741 | ' | 741 |
Avg Refreshed FICO | 725 | ' | 726 |
Home Equity [Member] | Origination Vintage Period 2007 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 421,964 | ' | 498,011 |
Avg orig FICO | 744 | ' | 745 |
Avg Refreshed FICO | 728 | ' | 729 |
Home Equity [Member] | Origination Vintage Period 2008 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 233,642 | ' | 267,346 |
Avg orig FICO | 754 | ' | 755 |
Avg Refreshed FICO | 747 | ' | 748 |
Home Equity [Member] | Origination Vintage Period 2009 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 121,555 | ' | 152,687 |
Avg orig FICO | 750 | ' | 753 |
Avg Refreshed FICO | 744 | ' | 748 |
Home Equity [Member] | Origination Vintage Period 2010 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 120,022 | ' | 150,243 |
Avg orig FICO | 753 | ' | 754 |
Avg Refreshed FICO | 750 | ' | 752 |
Home Equity [Member] | Origination Vintage Period 2011 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 119,553 | ' | 146,768 |
Avg orig FICO | 758 | ' | 759 |
Avg Refreshed FICO | 754 | ' | 758 |
Home Equity [Member] | Origination Vintage Period 2012 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | 145,507 | ' | 117,905 |
Avg orig FICO | 759 | ' | 761 |
Avg Refreshed FICO | 759 | ' | 759 |
Home Equity [Member] | Origination Vintage Period 2013 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
HELOC - Period End Balance | $111,976 | ' | ' |
Avg orig FICO | 762 | ' | ' |
Avg Refreshed FICO | 761 | ' | ' |
Loans_PeriodEnd_Balances_And_V1
Loans (Period-End Balances And Various Asset Quality Attributes By Originations Vintage For R/E Installment Loans) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans, net of unearned income | $15,408,556 | $16,708,582 | $16,523,783 |
Real Estate Installment Class [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 2,561,515 | ' | 2,400,269 |
Avg orig FICO | 746 | ' | 741 |
Avg Refreshed FICO | 742 | ' | 733 |
Real Estate Installment Class [Member] | Origination Vintage Period Pre2003 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 26,603 | ' | 41,783 |
Avg orig FICO | 682 | ' | 686 |
Avg Refreshed FICO | 684 | ' | 686 |
Real Estate Installment Class [Member] | Origination Vintage Period 2003 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 81,915 | ' | 122,330 |
Avg orig FICO | 716 | ' | 721 |
Avg Refreshed FICO | 725 | ' | 730 |
Real Estate Installment Class [Member] | Origination Vintage Period 2004 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 58,244 | ' | 78,439 |
Avg orig FICO | 701 | ' | 707 |
Avg Refreshed FICO | 699 | ' | 706 |
Real Estate Installment Class [Member] | Origination Vintage Period 2005 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 170,742 | ' | 224,780 |
Avg orig FICO | 717 | ' | 718 |
Avg Refreshed FICO | 711 | ' | 713 |
Real Estate Installment Class [Member] | Origination Vintage Period 2006 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 183,847 | ' | 244,101 |
Avg orig FICO | 716 | ' | 719 |
Avg Refreshed FICO | 701 | ' | 703 |
Real Estate Installment Class [Member] | Origination Vintage Period 2007 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 264,851 | ' | 338,306 |
Avg orig FICO | 725 | ' | 728 |
Avg Refreshed FICO | 709 | ' | 711 |
Real Estate Installment Class [Member] | Origination Vintage Period 2008 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 91,883 | ' | 122,014 |
Avg orig FICO | 723 | ' | 728 |
Avg Refreshed FICO | 720 | ' | 720 |
Real Estate Installment Class [Member] | Origination Vintage Period 2009 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 39,549 | ' | 67,590 |
Avg orig FICO | 742 | ' | 748 |
Avg Refreshed FICO | 736 | ' | 744 |
Real Estate Installment Class [Member] | Origination Vintage Period 2010 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 131,004 | ' | 163,618 |
Avg orig FICO | 747 | ' | 745 |
Avg Refreshed FICO | 754 | ' | 751 |
Real Estate Installment Class [Member] | Origination Vintage Period 2011 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 347,315 | ' | 428,167 |
Avg orig FICO | 761 | ' | 760 |
Avg Refreshed FICO | 761 | ' | 759 |
Real Estate Installment Class [Member] | Origination Vintage Period 2012 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | 707,972 | ' | 569,141 |
Avg orig FICO | 764 | ' | 765 |
Avg Refreshed FICO | 764 | ' | 761 |
Real Estate Installment Class [Member] | Origination Vintage Period 2013 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
R/E Installment Loans- Period End Balance | $457,590 | ' | ' |
Avg orig FICO | 758 | ' | ' |
Avg Refreshed FICO | 754 | ' | ' |
Loans_PeriodEnd_Balances_And_V2
Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Loans, net of unearned income | $15,408,556 | $16,708,582 | $16,523,783 | |||
Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | 697,694 | ' | 805,511 | |||
Avg orig FICO | 731 | ' | 732 | |||
Avg Refreshed FICO | 713 | ' | 712 | |||
Loans, net of unearned income | 697,694 | [1] | 765,583 | [1] | 805,511 | [1] |
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period Pre2004 [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | 205,111 | ' | 220,499 | |||
Avg orig FICO | 725 | ' | 726 | |||
Avg Refreshed FICO | 725 | ' | 729 | |||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2004 [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | 24,595 | ' | 31,422 | |||
Avg orig FICO | 712 | ' | 715 | |||
Avg Refreshed FICO | 693 | ' | 692 | |||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2005 [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | 41,643 | ' | 52,058 | |||
Avg orig FICO | 738 | ' | 739 | |||
Avg Refreshed FICO | 712 | ' | 716 | |||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2006 [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | 81,932 | ' | 94,898 | |||
Avg orig FICO | 731 | ' | 734 | |||
Avg Refreshed FICO | 711 | ' | 706 | |||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2007 [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | 236,819 | ' | 275,594 | |||
Avg orig FICO | 733 | ' | 734 | |||
Avg Refreshed FICO | 710 | ' | 711 | |||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2008 [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Permanent Mortgage - Period End Balance | $107,594 | ' | $131,040 | |||
Avg orig FICO | 741 | ' | 742 | |||
Avg Refreshed FICO | 714 | ' | 712 | |||
[1] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. |
Loans_Accruing_Delinquency_Amo
Loans (Accruing Delinquency Amounts For Credit Card And Other Portfolio Classes) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Credit Card Class [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
30-89 days past due | $1,480 | $1,666 |
90+ days past due | 1,258 | 1,352 |
Total | 2,738 | 3,018 |
Other Consumer Loans Class [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
30-89 days past due | 803 | 594 |
90+ days past due | 138 | 477 |
Total | $941 | $1,071 |
Loans_Accruing_And_NonAccruing
Loans (Accruing And Non-Accruing Loans By Class) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | $15,120,514,000 | ' | $16,218,245,000 | |||
Total Non-Accruing | 288,042,000 | ' | 305,538,000 | |||
Loans, net of unearned income | 15,408,556,000 | 16,708,582,000 | 16,523,783,000 | |||
Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 7,644,217,000 | ' | 8,315,849,000 | |||
Total Non-Accruing | 102,725,000 | ' | 150,601,000 | |||
Loans, net of unearned income | 7,746,942,000 | 8,796,956,000 | 8,466,450,000 | |||
Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 5,336,090,000 | ' | 5,680,564,000 | |||
Total Non-Accruing | 121,957,000 | ' | 55,340,000 | |||
Loans, net of unearned income | 5,458,047,000 | [1] | 5,688,703,000 | [1] | 5,735,904,000 | [1] |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 1,148,723,000 | ' | 1,166,120,000 | |||
Total Non-Accruing | 24,988,000 | ' | 63,735,000 | |||
Loans, net of unearned income | 1,173,711,000 | 1,168,235,000 | 1,229,855,000 | |||
Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 660,721,000 | ' | 771,485,000 | |||
Total Non-Accruing | 36,973,000 | ' | 34,026,000 | |||
Loans, net of unearned income | 697,694,000 | [2] | 765,583,000 | [2] | 805,511,000 | [2] |
Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Loans, net of unearned income | 332,162,000 | 289,105,000 | 286,063,000 | |||
General C I [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 6,573,399,000 | ' | 6,340,989,000 | |||
Total Non-Accruing | 65,526,000 | ' | 76,916,000 | |||
Loans, net of unearned income | 6,638,925,000 | ' | 6,417,905,000 | |||
Loans To Mortgage Companies [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 732,366,000 | ' | 1,636,683,000 | |||
Total Non-Accruing | 335,000 | ' | 0 | |||
Loans, net of unearned income | 732,701,000 | ' | 1,636,683,000 | |||
TRUPs [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 336,042,000 | [3] | ' | 338,177,000 | [4] | |
Total Non-Accruing | 36,864,000 | [3] | ' | 73,685,000 | [4] | |
Loans, net of unearned income | 372,906,000 | [3] | ' | 411,862,000 | [4] | |
LOCOM valuation allowance | 29,400,000 | ' | 34,200,000 | |||
Income C R E [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 1,069,661,000 | ' | 1,114,009,000 | |||
Total Non-Accruing | 20,593,000 | ' | 46,857,000 | |||
Loans, net of unearned income | 1,090,254,000 | ' | 1,160,866,000 | |||
Residential C R E [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 33,619,000 | ' | 52,111,000 | |||
Total Non-Accruing | 4,395,000 | ' | 16,878,000 | |||
Loans, net of unearned income | 38,014,000 | ' | 68,989,000 | |||
Home Equity [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 2,815,049,000 | ' | 3,301,582,000 | |||
Total Non-Accruing | 81,483,000 | ' | 34,053,000 | |||
Loans, net of unearned income | 2,896,532,000 | ' | 3,335,635,000 | |||
R E Installment Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 2,520,147,000 | ' | 2,378,982,000 | |||
Total Non-Accruing | 40,474,000 | ' | 21,287,000 | |||
Loans, net of unearned income | 2,560,621,000 | ' | 2,400,269,000 | |||
Credit Card Class [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
30-89 Days Past Due | 1,480,000 | ' | 1,666,000 | |||
90+ Days Past Due | 1,258,000 | ' | 1,352,000 | |||
Loans, net of unearned income | 189,487,000 | ' | 186,911,000 | |||
Other Consumer Loans Class [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
30-89 Days Past Due | 803,000 | ' | 594,000 | |||
90+ Days Past Due | 138,000 | ' | 477,000 | |||
Loans, net of unearned income | 142,658,000 | ' | 99,152,000 | |||
C I Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 2,410,000 | ' | ' | |||
Total Non-Accruing | 0 | ' | ' | |||
Loans, net of unearned income | 2,410,000 | ' | ' | |||
C R E Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 45,443,000 | ' | ' | |||
Total Non-Accruing | 0 | ' | ' | |||
Loans, net of unearned income | 45,443,000 | ' | ' | |||
R E Installment Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Total Accruing | 894,000 | ' | ' | |||
Total Non-Accruing | 0 | ' | ' | |||
Loans, net of unearned income | 894,000 | ' | ' | |||
Other Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Loans, net of unearned income | 17,000 | ' | ' | |||
Accruing [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 15,026,344,000 | ' | 16,078,762,000 | |||
30-89 Days Past Due | 60,324,000 | ' | 100,493,000 | |||
90+ Days Past Due | 33,846,000 | ' | 38,990,000 | |||
Accruing [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 7,635,506,000 | ' | 8,290,200,000 | |||
30-89 Days Past Due | 8,464,000 | ' | 25,221,000 | |||
90+ Days Past Due | 247,000 | ' | 428,000 | |||
Accruing [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 5,278,746,000 | ' | 5,597,050,000 | |||
30-89 Days Past Due | 38,228,000 | ' | 54,555,000 | |||
90+ Days Past Due | 19,116,000 | ' | 28,959,000 | |||
Accruing [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 1,141,623,000 | ' | 1,162,904,000 | |||
30-89 Days Past Due | 6,252,000 | ' | 3,216,000 | |||
90+ Days Past Due | 848,000 | ' | 0 | |||
Accruing [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 643,385,000 | ' | 748,470,000 | |||
30-89 Days Past Due | 5,097,000 | ' | 15,241,000 | |||
90+ Days Past Due | 12,239,000 | ' | 7,774,000 | |||
Accruing [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 327,084,000 | ' | 280,138,000 | |||
30-89 Days Past Due | 2,283,000 | ' | 2,260,000 | |||
90+ Days Past Due | 1,396,000 | ' | 1,829,000 | |||
Total Accruing | 330,763,000 | ' | 284,227,000 | |||
Accruing [Member] | General C I [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 6,565,838,000 | ' | 6,315,340,000 | |||
30-89 Days Past Due | 7,314,000 | ' | 25,221,000 | |||
90+ Days Past Due | 247,000 | ' | 428,000 | |||
Accruing [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 731,684,000 | ' | 1,636,683,000 | |||
30-89 Days Past Due | 682,000 | ' | 0 | |||
90+ Days Past Due | 0 | ' | 0 | |||
Accruing [Member] | TRUPs [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 336,042,000 | [3] | ' | 338,177,000 | [4] | |
30-89 Days Past Due | 0 | [3] | ' | 0 | [4] | |
90+ Days Past Due | 0 | [3] | ' | 0 | [4] | |
Accruing [Member] | Income C R E [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 1,063,940,000 | ' | 1,111,616,000 | |||
30-89 Days Past Due | 5,438,000 | ' | 2,393,000 | |||
90+ Days Past Due | 283,000 | ' | 0 | |||
Accruing [Member] | Residential C R E [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 33,442,000 | ' | 51,288,000 | |||
30-89 Days Past Due | 177,000 | ' | 823,000 | |||
90+ Days Past Due | 0 | ' | 0 | |||
Accruing [Member] | Home Equity [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 2,778,336,000 | ' | 3,246,585,000 | |||
30-89 Days Past Due | 24,072,000 | ' | 36,223,000 | |||
90+ Days Past Due | 12,641,000 | ' | 18,774,000 | |||
Accruing [Member] | R E Installment Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 2,499,516,000 | ' | 2,350,465,000 | |||
30-89 Days Past Due | 14,156,000 | ' | 18,332,000 | |||
90+ Days Past Due | 6,475,000 | ' | 10,185,000 | |||
Accruing [Member] | Credit Card Class [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 186,749,000 | ' | 183,893,000 | |||
30-89 Days Past Due | 1,480,000 | ' | 1,666,000 | |||
90+ Days Past Due | 1,258,000 | ' | 1,352,000 | |||
Total Accruing | 189,487,000 | ' | 186,911,000 | |||
Accruing [Member] | Other Consumer Loans Class [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 140,318,000 | ' | 96,245,000 | |||
30-89 Days Past Due | 803,000 | ' | 594,000 | |||
90+ Days Past Due | 138,000 | ' | 477,000 | |||
Total Accruing | 141,259,000 | ' | 97,316,000 | |||
Accruing [Member] | C I Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 1,942,000 | ' | ' | |||
30-89 Days Past Due | 468,000 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Accruing [Member] | C R E Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 44,241,000 | ' | ' | |||
30-89 Days Past Due | 637,000 | ' | ' | |||
90+ Days Past Due | 565,000 | ' | ' | |||
Accruing [Member] | R E Installment Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 894,000 | ' | ' | |||
30-89 Days Past Due | 0 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Accruing [Member] | Other Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 17,000 | ' | ' | |||
30-89 Days Past Due | 0 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Total Accruing | 17,000 | ' | ' | |||
Non Accruing [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 146,857,000 | ' | 102,630,000 | |||
30-89 Days Past Due | 13,500,000 | ' | 19,310,000 | |||
90+ Days Past Due | 127,685,000 | ' | 183,598,000 | |||
Non Accruing [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 33,582,000 | ' | 36,480,000 | |||
30-89 Days Past Due | 3,610,000 | ' | 9,734,000 | |||
90+ Days Past Due | 65,533,000 | ' | 104,387,000 | |||
Non Accruing [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 91,282,000 | ' | 33,944,000 | |||
30-89 Days Past Due | 8,569,000 | ' | 3,665,000 | |||
90+ Days Past Due | 22,106,000 | ' | 17,731,000 | |||
Non Accruing [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 7,076,000 | ' | 12,206,000 | |||
30-89 Days Past Due | 0 | ' | 3,815,000 | |||
90+ Days Past Due | 17,912,000 | ' | 47,714,000 | |||
Non Accruing [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 13,518,000 | ' | 18,165,000 | |||
30-89 Days Past Due | 1,321,000 | ' | 2,095,000 | |||
90+ Days Past Due | 22,134,000 | ' | 13,766,000 | |||
Non Accruing [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 1,399,000 | ' | 1,835,000 | |||
30-89 Days Past Due | 0 | ' | 1,000 | |||
90+ Days Past Due | 0 | ' | 0 | |||
Total Non-Accruing | 1,399,000 | ' | 1,836,000 | |||
Non Accruing [Member] | General C I [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 33,582,000 | ' | 36,480,000 | |||
30-89 Days Past Due | 3,610,000 | ' | 9,734,000 | |||
90+ Days Past Due | 28,334,000 | ' | 30,702,000 | |||
Non Accruing [Member] | Loans To Mortgage Companies [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | ' | 0 | |||
30-89 Days Past Due | 0 | ' | 0 | |||
90+ Days Past Due | 335,000 | ' | 0 | |||
Non Accruing [Member] | TRUPs [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | [3] | ' | 0 | [4] | |
30-89 Days Past Due | 0 | [3] | ' | 0 | [4] | |
90+ Days Past Due | 36,864,000 | [3] | ' | 73,685,000 | [4] | |
Non Accruing [Member] | Income C R E [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 6,791,000 | ' | 10,552,000 | |||
30-89 Days Past Due | 0 | ' | 3,689,000 | |||
90+ Days Past Due | 13,802,000 | ' | 32,616,000 | |||
Non Accruing [Member] | Residential C R E [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 285,000 | ' | 1,654,000 | |||
30-89 Days Past Due | 0 | ' | 126,000 | |||
90+ Days Past Due | 4,110,000 | ' | 15,098,000 | |||
Non Accruing [Member] | Home Equity [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 61,733,000 | ' | 20,990,000 | |||
30-89 Days Past Due | 5,521,000 | ' | 1,195,000 | |||
90+ Days Past Due | 14,229,000 | ' | 11,868,000 | |||
Non Accruing [Member] | R E Installment Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 29,549,000 | ' | 12,954,000 | |||
30-89 Days Past Due | 3,048,000 | ' | 2,470,000 | |||
90+ Days Past Due | 7,877,000 | ' | 5,863,000 | |||
Non Accruing [Member] | Credit Card Class [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | ' | 0 | |||
30-89 Days Past Due | 0 | ' | 0 | |||
90+ Days Past Due | 0 | ' | 0 | |||
Total Non-Accruing | 0 | ' | 0 | |||
Non Accruing [Member] | Other Consumer Loans Class [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 1,399,000 | ' | 1,835,000 | |||
30-89 Days Past Due | 0 | ' | 1,000 | |||
90+ Days Past Due | 0 | ' | 0 | |||
Total Non-Accruing | 1,399,000 | ' | 1,836,000 | |||
Non Accruing [Member] | C I Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | ' | ' | |||
30-89 Days Past Due | 0 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Non Accruing [Member] | C R E Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | ' | ' | |||
30-89 Days Past Due | 0 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Non Accruing [Member] | R E Installment Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | ' | ' | |||
30-89 Days Past Due | 0 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Non Accruing [Member] | Other Purchase Credit Impaired Loans [Member] | ' | ' | ' | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | |||
Current | 0 | ' | ' | |||
30-89 Days Past Due | 0 | ' | ' | |||
90+ Days Past Due | 0 | ' | ' | |||
Total Non-Accruing | $0 | ' | ' | |||
[1] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $349.3 million, $417.0 million and $402.4 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||
[2] | Balances as of September 30, 2013 and 2012, and December 31, 2012 include $11.7 million, $14.2 million and $13.2 million of restricted and secured real estate loans, respectively. See Note 14 - Variable Interest Entities for additional information. | |||||
[3] | Total TRUPs includes LOCOM valuation allowance of $29.4 million. | |||||
[4] | Total TRUPs includes LOCOM valuation allowance of $34.2 million. |
Loans_Schedule_Of_Troubled_Deb
Loans (Schedule Of Troubled Debt Restructurings Occurring During The Year) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
number | number | number | number | |
General C I [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 2 | 8 | 10 | 19 |
Pre-Modification Outstanding Recorded Investment | $1,161 | $4,285 | $17,350 | $22,406 |
Post-Modification Outstanding Recorded Investment | 1,134 | 4,244 | 17,313 | 22,264 |
Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 2 | 8 | 10 | 19 |
Pre-Modification Outstanding Recorded Investment | 1,161 | 4,285 | 17,350 | 22,406 |
Post-Modification Outstanding Recorded Investment | 1,134 | 4,244 | 17,313 | 22,264 |
Income C R E [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 0 | 3 | 1 | 9 |
Pre-Modification Outstanding Recorded Investment | 0 | 4,538 | 288 | 13,045 |
Post-Modification Outstanding Recorded Investment | 0 | 4,144 | 288 | 12,502 |
Residential C R E [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 0 | 0 | 0 | 2 |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 88 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 87 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 0 | 3 | 1 | 11 |
Pre-Modification Outstanding Recorded Investment | 0 | 4,538 | 288 | 13,133 |
Post-Modification Outstanding Recorded Investment | 0 | 4,144 | 288 | 12,589 |
Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 72 | 737 | 279 | 831 |
Pre-Modification Outstanding Recorded Investment | 5,212 | 17,087 | 21,729 | 27,730 |
Post-Modification Outstanding Recorded Investment | 5,194 | 16,916 | 21,479 | 27,511 |
R E Installment Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 70 | 567 | 346 | 677 |
Pre-Modification Outstanding Recorded Investment | 4,589 | 13,604 | 24,264 | 26,782 |
Post-Modification Outstanding Recorded Investment | 4,541 | 13,445 | 24,100 | 25,710 |
Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 142 | 1,304 | 625 | 1,508 |
Pre-Modification Outstanding Recorded Investment | 9,801 | 30,691 | 45,993 | 54,512 |
Post-Modification Outstanding Recorded Investment | 9,735 | 30,361 | 45,579 | 53,221 |
Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 15 | 61 | 41 | 123 |
Pre-Modification Outstanding Recorded Investment | 3,864 | 16,641 | 16,907 | 66,308 |
Post-Modification Outstanding Recorded Investment | 4,074 | 16,648 | 17,311 | 66,710 |
Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 13 | 26 | 41 | 188 |
Pre-Modification Outstanding Recorded Investment | 44 | 101 | 198 | 1,063 |
Post-Modification Outstanding Recorded Investment | 39 | 97 | 187 | 1,025 |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 172 | 1,402 | 718 | 1,849 |
Pre-Modification Outstanding Recorded Investment | 14,870 | 56,256 | 80,736 | 157,422 |
Post-Modification Outstanding Recorded Investment | $14,982 | $55,494 | $80,678 | $155,809 |
Loans_Schedule_Of_Troubled_Deb1
Loans (Schedule Of Troubled Debt Restructurings Within The Previous 12 Months) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
number | number | number | number | |
General C I [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 6 | 9 | 8 | 27 |
Recorded Investment | $1,870 | $8,559 | $5,977 | $21,618 |
Income C R E [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 3 | 9 | 4 | 19 |
Recorded Investment | 750 | 10,396 | 1,548 | 18,840 |
Residential C R E [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 0 | 1 | 1 | 3 |
Recorded Investment | 0 | 73 | 33 | 259 |
Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 1 | 15 | 10 | 31 |
Recorded Investment | 35 | 1,749 | 512 | 3,379 |
R E Installment Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 3 | 4 | 6 | 33 |
Recorded Investment | 229 | 210 | 350 | 3,392 |
Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 6 | 9 | 8 | 27 |
Recorded Investment | 1,870 | 8,559 | 5,977 | 21,618 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 3 | 10 | 5 | 22 |
Recorded Investment | 750 | 10,469 | 1,581 | 19,099 |
Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 4 | 19 | 16 | 64 |
Recorded Investment | 264 | 1,959 | 862 | 6,771 |
Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 8 | 4 | 15 | 19 |
Recorded Investment | 34 | 17 | 61 | 69 |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 25 | 48 | 58 | 141 |
Recorded Investment | 4,989 | 23,747 | 14,988 | 51,072 |
Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number | 4 | 6 | 14 | 9 |
Recorded Investment | $2,071 | $2,743 | $6,507 | $3,515 |
Mortgage_Servicing_Rights_Narr
Mortgage Servicing Rights (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Capitalized Msr [Member] | Capitalized Msr [Member] | Mortgage Loans Serviced For Others [Member] | Mortgage Loans Serviced For Others [Member] | Transferred To Third Parties [Member] | Transferred To Third Parties [Member] | Mortgage Banking Income [Member] | Mortgage Banking Income [Member] | Mortgage Banking Income [Member] | Mortgage Banking Income [Member] | |||||
Participating Mortgage Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total MSR recognized by FHN | $116,686,000 | $114,311,000 | $120,537,000 | $144,069,000 | ' | ' | $1,400,000 | $1,700,000 | $11,700,000 | $11,600,000 | ' | ' | ' | ' |
Unpaid principal of mortgage loans serviced by FHN | ' | ' | ' | ' | 15,000,000,000 | 20,000,000,000 | 200,000,000 | 400,000,000 | ' | ' | ' | ' | ' | ' |
Servicing, late, and other ancillary fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,900,000 | $13,800,000 | $35,300,000 | $46,000,000 |
Mortgage_Servicing_Rights_Summ
Mortgage Servicing Rights (Summary Of Changes In Capitalized MSR) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Participating Mortgage Loans [Line Items] | ' | ' |
Fair value, beginning balance | $114,311 | $144,069 |
Reductions due to loan payments | -17,397 | -18,497 |
Reductions due to exercise of cleanup calls | -495 | -494 |
Changes in fair value due to: | ' | ' |
Changes in valuation model inputs or assumptions | 20,267 | -4,503 |
Other changes in fair value | 0 | -38 |
Fair value, ending balance | 116,686 | 120,537 |
First Liens [Member] | ' | ' |
Participating Mortgage Loans [Line Items] | ' | ' |
Fair value, beginning balance | 111,314 | 140,724 |
Reductions due to loan payments | -16,980 | -18,214 |
Reductions due to exercise of cleanup calls | -495 | -494 |
Changes in fair value due to: | ' | ' |
Changes in valuation model inputs or assumptions | 20,267 | -4,503 |
Other changes in fair value | -89 | -73 |
Fair value, ending balance | 114,017 | 117,440 |
Second Liens [Member] | ' | ' |
Participating Mortgage Loans [Line Items] | ' | ' |
Fair value, beginning balance | 196 | 231 |
Reductions due to loan payments | -75 | -26 |
Reductions due to exercise of cleanup calls | 0 | 0 |
Changes in fair value due to: | ' | ' |
Changes in valuation model inputs or assumptions | 0 | 0 |
Other changes in fair value | 45 | 0 |
Fair value, ending balance | 166 | 205 |
Home Equity [Member] | ' | ' |
Participating Mortgage Loans [Line Items] | ' | ' |
Fair value, beginning balance | 2,801 | 3,114 |
Reductions due to loan payments | -342 | -257 |
Reductions due to exercise of cleanup calls | 0 | 0 |
Changes in fair value due to: | ' | ' |
Changes in valuation model inputs or assumptions | 0 | 0 |
Other changes in fair value | 44 | 35 |
Fair value, ending balance | $2,503 | $2,892 |
Intangible_Assets_Narrative_De
Intangible Assets (Narrative) (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Intangible Assets [Abstract] | ' |
Gross carrying amount of other intangible assets | $60.10 |
Intangible assets accumulated amortization | 37.9 |
Estimated aggregate amortization expense, remainder of 2013 | 1 |
Estimated aggregate amortization expense, Year 2014 | 3.8 |
Estimated aggregate amortization expense, Year 2015 | 3.6 |
Estimated aggregate amortization expense, Year 2016 | 3.4 |
Estimated aggregate amortization expense, Year 2017 | 3.2 |
Estimated aggregate amortization expense, Year 2018 | $3.10 |
Intangible_Assets_Summary_Of_I
Intangible Assets (Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements) (Details) (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Intangible Assets Net Of Accumulated Amortization [Abstract] | ' | ' | ||
Goodwill, Beginning balance | $134,242 | $133,659 | ||
Goodwill, Amortization expense | 0 | 0 | ||
Goodwill, Additions | 6,237 | 583 | ||
Goodwill, Ending balance | 140,479 | 134,242 | ||
Other Intangible Assets, Beginning Balance | 22,700 | [1] | 26,243 | [1] |
Other Intangible Assets, Amortization expense | -2,784 | [1] | -2,931 | [1] |
Other Intangible Assets, Additions | 2,300 | [1] | 367 | [1] |
Other Intangible Assets, Ending Balance | $22,216 | [1] | $23,679 | [1] |
[1] | Represents customer lists, acquired contracts, premium on purchased deposits, and covenants not to compete. |
Intangible_Assets_Summary_Of_G
Intangible Assets (Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Indefinite-lived Intangible Assets by Segment [Line Items] | ' | ' | ' | ' |
Gross goodwill | $340,474 | $334,237 | $334,237 | $333,654 |
Accumulated impairments | -114,123 | -114,123 | -114,123 | -114,123 |
Accumulated divestiture related write-offs | -85,872 | -85,872 | -85,872 | -85,872 |
Goodwill | 140,479 | 134,242 | 134,242 | 133,659 |
Additions | 6,237 | 583 | ' | ' |
Impairments | 0 | 0 | ' | ' |
Divestitures | 0 | 0 | ' | ' |
Net change in goodwill | 6,237 | 583 | ' | ' |
Non Strategic [Member] | ' | ' | ' | ' |
Indefinite-lived Intangible Assets by Segment [Line Items] | ' | ' | ' | ' |
Gross goodwill | 199,995 | 199,995 | 199,995 | 199,995 |
Accumulated impairments | -114,123 | -114,123 | -114,123 | -114,123 |
Accumulated divestiture related write-offs | -85,872 | -85,872 | -85,872 | -85,872 |
Goodwill | 0 | 0 | 0 | 0 |
Additions | 0 | 0 | ' | ' |
Impairments | 0 | 0 | ' | ' |
Divestitures | 0 | 0 | ' | ' |
Net change in goodwill | 0 | 0 | ' | ' |
Regional Banking [Member] | ' | ' | ' | ' |
Indefinite-lived Intangible Assets by Segment [Line Items] | ' | ' | ' | ' |
Gross goodwill | 42,475 | 36,238 | 36,238 | 36,238 |
Accumulated impairments | 0 | 0 | 0 | 0 |
Accumulated divestiture related write-offs | 0 | 0 | 0 | 0 |
Goodwill | 42,475 | 36,238 | 36,238 | 36,238 |
Additions | 6,237 | 0 | ' | ' |
Impairments | 0 | 0 | ' | ' |
Divestitures | 0 | 0 | ' | ' |
Net change in goodwill | 6,237 | 0 | ' | ' |
Capital Markets [Member] | ' | ' | ' | ' |
Indefinite-lived Intangible Assets by Segment [Line Items] | ' | ' | ' | ' |
Gross goodwill | 98,004 | 98,004 | 98,004 | 97,421 |
Accumulated impairments | 0 | 0 | 0 | 0 |
Accumulated divestiture related write-offs | 0 | 0 | 0 | 0 |
Goodwill | 98,004 | 98,004 | 98,004 | 97,421 |
Additions | 0 | 583 | ' | ' |
Impairments | 0 | 0 | ' | ' |
Divestitures | 0 | 0 | ' | ' |
Net change in goodwill | $0 | $583 | ' | ' |
Other_Income_And_Other_Expense2
Other Income And Other Expense (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
All other income and commissions: | ' | ' | ' | ' | ||||
Bankcard income | $5,303 | $5,298 | $15,484 | $16,618 | ||||
Other service charges | 3,707 | 3,263 | 10,296 | 9,768 | ||||
Bank-owned life insurance | 3,560 | 4,293 | 12,978 | 13,724 | ||||
ATM interchange fees | 2,680 | 2,579 | 7,691 | 7,804 | ||||
Deferred compensation | 2,160 | [1] | 1,966 | [1] | 3,475 | [1] | 4,065 | [1] |
Electronic banking fees | 1,607 | 1,589 | 4,754 | 4,927 | ||||
Letter of credit fees | 1,171 | 1,072 | 3,866 | 3,966 | ||||
Other | 3,996 | 6,280 | 11,230 | 16,535 | ||||
Total | 24,184 | 26,340 | 69,774 | 77,407 | ||||
All other expense: | ' | ' | ' | ' | ||||
Advertising and public relations | 5,486 | 4,121 | 13,554 | 11,524 | ||||
Other insurance and taxes | 3,215 | 1,327 | 9,337 | 7,656 | ||||
Tax credit investments | 3,079 | 5,635 | 9,040 | 14,457 | ||||
Travel and entertainment | 2,400 | 2,009 | 6,620 | 6,308 | ||||
Employee training and dues | 1,244 | 1,032 | 3,727 | 3,354 | ||||
Customer relations | 1,204 | 1,027 | 3,737 | 3,230 | ||||
Supplies | 950 | 881 | 2,710 | 2,731 | ||||
Bank examinations costs | 819 | 816 | 2,476 | 2,415 | ||||
Loan insurance expense | 490 | 578 | 1,533 | 1,803 | ||||
Federal service fees | 276 | 323 | 840 | 972 | ||||
Litigation and regulatory matters | 229 | 6,760 | 6,299 | 29,013 | ||||
Other | 7,376 | 5,478 | 18,926 | 25,108 | ||||
Total | $26,768 | $29,987 | $78,799 | $108,571 | ||||
[1] | Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense. |
Recovered_Sheet1
Changes In Accumulated Other Comprehensive Income Balances (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||
Beginning balance | ($188,665,000) | ' | ($146,343,000) | ' | ||
Other comprehensive income before reclassifications, Net of tax | 1,714,000 | ' | -43,928,000 | ' | ||
Amounts reclassifed from accumulated other comprehensive income, Net of tax | 10,560,000 | ' | 13,880,000 | ' | ||
Net current period other comprehensive income, Net of tax | 12,274,000 | 5,898,000 | -30,048,000 | [1] | 13,472,000 | [1] |
Ending balance | -176,391,000 | -116,684,000 | -176,391,000 | -116,684,000 | ||
Reclassification From Accumulated Other Comprehensive Income Current Period Tax | 6,600,000 | ' | 8,700,000 | ' | ||
Unrealized Gain Loss On Securities Available For Sale [Member] | ' | ' | ' | ' | ||
Beginning balance | 9,439,000 | ' | 55,250,000 | ' | ||
Other comprehensive income before reclassifications, Net of tax | 1,714,000 | ' | -44,097,000 | ' | ||
Amounts reclassifed from accumulated other comprehensive income, Net of tax | 0 | ' | 0 | ' | ||
Net current period other comprehensive income, Net of tax | 1,714,000 | ' | -44,097,000 | ' | ||
Ending balance | 11,153,000 | ' | 11,153,000 | ' | ||
Other Comprehensive Income Loss Current Period Before Reclassification Adjustments Tax | 1,100,000 | ' | -27,600,000 | ' | ||
Other Comprehensive Income Loss Tax | 1,100,000 | ' | -27,600,000 | ' | ||
Pension And Postretirement Plans [Member] | ' | ' | ' | ' | ||
Beginning balance | -198,104,000 | ' | -201,593,000 | ' | ||
Other comprehensive income before reclassifications, Net of tax | 0 | ' | 169,000 | ' | ||
Amounts reclassifed from accumulated other comprehensive income, Net of tax | 10,560,000 | ' | 13,880,000 | ' | ||
Net current period other comprehensive income, Net of tax | 10,560,000 | ' | 14,049,000 | ' | ||
Ending balance | -187,544,000 | ' | -187,544,000 | ' | ||
Other Comprehensive Income Loss Current Period Before Reclassification Adjustments Tax | 0 | ' | 100,000 | ' | ||
Reclassification From Accumulated Other Comprehensive Income Current Period Tax | 6,600,000 | ' | 8,700,000 | ' | ||
Other Comprehensive Income Loss Tax | $6,600,000 | ' | $8,800,000 | ' | ||
[1] | Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder. |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Income (Loss) from Continuing Operations | ($107,574) | $25,699 | ($26,194) | ($68,600) |
Effect of dilutive securities | 0 | 1,678,000 | 0 | 0 |
Dilutive shares | 236,895,000 | 248,306,000 | 238,990,000 | 249,742,000 |
Parent Company [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Income (Loss) from Continuing Operations | ($106,000) | $25,700 | ($21,900) | ($68,600) |
Employee Stock Options [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Stock options, weighted average exercise price | $19.55 | $21.27 | $20 | $21.94 |
Shares excluded from computation of earnings per share | 9,400,000 | 10,000,000 | 9,800,000 | 10,400,000 |
Other Equity Awards [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Shares excluded from computation of earnings per share | 2,800,000 | ' | 3,000,000 | 3,500,000 |
Earnings_Per_Share_Schedule_Of
Earnings Per Share (Schedule Of Reconciliation Of The Numerators Used In Calculating Earnings/(Loss) Per Share) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Earnings Per Share [Abstract] | ' | ' | ' | ' | ||||
Income/(loss) from continuing operations | ($103,149) | $28,574 | ($13,375) | ($60,037) | ||||
Income/(loss) from discontinued operations, net of tax | 123 | [1] | 108 | [1] | 554 | [1] | 160 | [1] |
Net income/(loss) | -103,026 | 28,682 | -12,821 | -59,877 | ||||
Net income attributable to noncontrolling interest | 2,875 | 2,875 | 8,531 | 8,563 | ||||
Net income/(loss) attributable to controlling interest | -105,901 | 25,807 | -21,352 | -68,440 | ||||
Preferred stock dividends | 1,550 | 0 | 4,288 | 0 | ||||
Net income/(loss) available to common shareholders | -107,451 | 25,807 | -25,640 | -68,440 | ||||
Net income/(loss) from continuing operations available to common shareholders | ($107,574) | $25,699 | ($26,194) | ($68,600) | ||||
[1] | Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder. |
Earnings_Per_Share_Schedule_Of1
Earnings Per Share (Schedule Of Reconciliation Of Weighted Average Common Shares To Diluted Average Common Shares) (Details) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Weighted average common shares outstanding - basic | 236,895 | 246,628 | 238,990 | 249,742 |
Effect of dilutive securities | 0 | 1,678 | 0 | 0 |
Weighted average common shares outstanding - diluted | 236,895 | 248,306 | 238,990 | 249,742 |
Earnings_Per_Share_Schedule_Of2
Earnings Per Share (Schedule Of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings/(loss) per common share: | ' | ' | ' | ' |
Income/(loss) per share from continuing operations available to common shareholders | ($0.45) | $0.10 | ($0.11) | ($0.27) |
Income/(loss) per share from discontinued operations, net of tax | $0 | $0 | $0 | $0 |
Net income/(loss) per share available to common shareholders | ($0.45) | $0.10 | ($0.11) | ($0.27) |
Diluted earnings/(loss) per common share: | ' | ' | ' | ' |
Diluted income/(loss) per share from continuing operations available to common shareholders | ($0.45) | $0.10 | ($0.11) | ($0.27) |
Diluted income/(loss) per share from discontinued operations, net of tax | $0 | $0 | $0 | $0 |
Diluted income/(loss) per share available to common shareholders | ($0.45) | $0.10 | ($0.11) | ($0.27) |
Contingencies_And_Other_Disclo2
Contingencies And Other Disclosures (Narrative I) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 7 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2008 | Sep. 30, 2012 | Sep. 25, 2013 | Dec. 31, 2005 | Jun. 30, 2011 | Jul. 31, 2011 | Dec. 31, 2007 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 25, 2013 | Sep. 30, 2013 | Sep. 25, 2013 | Sep. 25, 2013 | Aug. 31, 2012 | Dec. 31, 2008 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 25, 2013 | Sep. 25, 2013 | Sep. 30, 2013 | Sep. 25, 2013 | Sep. 25, 2013 | |
number | First Lien Mortgage Securitizations [Member] | First Lien Mortgage Securitizations [Member] | Sentinel Litigation [Member] | Sentinel Litigation [Member] | Proprietary Securitization [Member] | Single Family Residential Loans [Member] | Single Family Residential Loans [Member] | Mortgage Securitization Litigation [Member] | Debit Transaction Sequencing Matter [Member] | Federal Home Loan Bank San Francisco [Member] | F H Proprietary Securitization [Member] | F H Proprietary Securitization [Member] | Federal Home Loan Bank Of Atlanta [Member] | FHA Insured | FHA Insured | Alternative Mortgage Loans [Member] | Jumbo Mortgage Loans [Member] | Maximum [Member] | Minimum [Member] | Two Credit Unions [Member] | Two Credit Unions [Member] | Home Equity [Member] | Federal Housing Finance Agency [Member] | Investments Subject To Lawsuits Excluding Fhfa [Member] | |||
number | number | number | number | number | F H Proprietary Securitization [Member] | F H Proprietary Securitization [Member] | First Lien Mortgage Securitizations [Member] | Home Equity [Member] | F H Proprietary Securitization [Member] | Mortgage Securitization Litigation [Member] | Mortgage Securitization Litigation [Member] | ||||||||||||||||
number | |||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of subsidiaries | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of former employees | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated reasonably possible losses in excess of currently established liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $242,000,000 | $0 | ' | ' | ' | ' | ' |
Amount trustee would receive under terms of the settlement | ' | ' | ' | ' | ' | ' | 38,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement expense | ' | ' | ' | ' | ' | 36,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Actual damages sought by plaintiff | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subservicer expenditure reimbursement amount disputed | 34,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans originated and sold to Agencies | ' | 69,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans securitized, without recourse in proprietary transactions | ' | ' | ' | ' | ' | ' | ' | 26,700,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of active securitization trusts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' |
Loans sold on full recourse basis with servicing retained | ' | ' | ' | ' | ' | ' | ' | ' | 30,000,000 | 37,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securitization trusts | ' | ' | ' | ' | ' | ' | ' | 80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining balance in mortgage loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,400,000,000 | ' | ' | ' | ' | 5,000,000,000 | 2,400,000,000 | ' | ' | ' | ' | ' | ' | ' |
Stated percentage of voting rights | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Original combined certificate balances of investments subject to subpoena | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 501,100,000 | ' | ' | 56,100,000 | ' | ' | ' | ' | ' | ' | 321,600,000 | 299,800,000 | ' | ' | ' |
Total original certificate balance with monoline insurance | ' | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total current certificate balance with monoline insurance | ' | ' | ' | 23,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current combined certificate balances of investments subject to subpoena | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 153,200,000 | ' | ' | 11,200,000 | ' | ' | ' | ' | ' | ' | 113,700,000 | 84,400,000 | ' | ' | ' |
Investment in proprietary securitizations subject to indemnifications | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 331,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in proprietary securitizations subject to lawsuits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending certificate balance of the investments subject to lawsuits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 316,400,000 | 232,500,000 |
Investments percentage performing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% | 80.00% |
Cumulative losses on investments, percentage of unpaid balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.00% | 7.00% |
Cumulative original note balances of the HELOC proprietary securitizations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 961,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current note balances of the HELOC proprietary securitizations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 311,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unpaid principal balance of loans sold where private mortgage insurance had been cancelled | 481,700,000 | ' | 415,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of monoline insurers who have commenced review of certain HELOC securitization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated Litigation Liability | 21,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of GSEs to which conventional conforming single-family mortgage loans were predominately sold to | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of years of the subservicing arrangement | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans sold to GSEs | ' | 57,600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans guaranteed by Ginnie Mae | ' | 11,900,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Loans Originated From 2006 to 2008 Divestiture Of The National Mortgage Platform | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47,817 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Of Loans Originated From 2006 to 2008 Divestiture Of The National Mortgage Platform | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Loans Originated During The 4 Years After The Divestiture Of The National Mortgage Platform | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,681 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Of Loans Originated During The 4 Years After The Divestiture Of The National Mortgage Platform | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $356,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent Of Repurchase Make Whole Claims Related To Private Whole Loan Sales | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Legal Actions As Defendant Involving Company Originated Loans | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingencies_And_Other_Disclo3
Contingencies And Other Disclosures (Narrative II) (Details) (USD $) | 3 Months Ended | 7 Months Ended | ||||||
Share data in Millions, unless otherwise specified | Sep. 30, 2013 | Jul. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2008 | Sep. 30, 2013 | Sep. 30, 2012 |
Visa Class B Shares [Member] | Visa Class B Shares [Member] | Visa Class B Shares [Member] | Visa Interest [Member] | Visa Interest [Member] | ||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Visa Class B shares | ' | ' | ' | 1.1 | ' | 2.4 | ' | ' |
Historical cost | ' | ' | ' | $0 | ' | ' | ' | ' |
Estimated conversion ratio | 42.00% | ' | ' | ' | ' | ' | ' | ' |
Derivative liability | ' | ' | ' | 2,700,000 | 2,300,000 | ' | 2,700,000 | 2,300,000 |
Unpaid principal balance of servicing portfolio | 15,000,000,000 | ' | ' | ' | ' | ' | ' | ' |
Additional amount deposited into escrow account by Visa | ' | 150,000,000 | ' | ' | ' | ' | ' | ' |
Contingent liability | ' | ' | ' | ' | ' | ' | 800,000 | ' |
Cash payment to counterparty | ' | 800,000 | ' | ' | ' | ' | ' | ' |
Recognized servicing and P&I advances | 289,100,000 | ' | 300,600,000 | ' | ' | ' | ' | ' |
Amount disputed related to various items for transfers of subservicers | 8,600,000 | ' | ' | ' | ' | ' | ' | ' |
Loan-to-value ratio at origination | 80.00% | ' | ' | ' | ' | ' | ' | ' |
Accrued losses on loan repurchase exposure | $295,200,000 | ' | $293,500,000 | ' | ' | ' | ' | ' |
Contingencies_And_Other_Disclo4
Contingencies And Other Disclosures (Schedule Of Original Purchase Amount Of Investments Subject To Litigation) (Details) (USD $) | Sep. 30, 2013 | Sep. 25, 2013 | |
In Thousands, unless otherwise specified | |||
Alternativea Mortgage Loan Pools [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | $1,355,855 | ' | |
Ending balance of the investments at issue | ' | 518,439 | |
Alternativea Mortgage Loan Pools [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 0 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Alternativea Mortgage Loan Pools [Member] | 2005 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 843,868 | [1] | ' |
Ending balance of the investments at issue | ' | 309,678 | |
Alternativea Mortgage Loan Pools [Member] | 2005 [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 0 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Alternativea Mortgage Loan Pools [Member] | 2006 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 307,926 | [1] | ' |
Ending balance of the investments at issue | ' | 108,102 | |
Alternativea Mortgage Loan Pools [Member] | 2006 [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 0 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Alternativea Mortgage Loan Pools [Member] | 2007 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 204,061 | ' | |
Ending balance of the investments at issue | ' | 100,659 | |
Alternativea Mortgage Loan Pools [Member] | 2007 [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 0 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Jumbo Mortgage Loans [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 80,000 | ' | |
Ending balance of the investments at issue | ' | 27,619 | |
Jumbo Mortgage Loans [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 16,877 | ' | |
Ending balance of the investments at issue | ' | 2,841 | |
Jumbo Mortgage Loans [Member] | 2005 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 30,000 | ' | |
Ending balance of the investments at issue | ' | 10,922 | |
Jumbo Mortgage Loans [Member] | 2005 [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 0 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Jumbo Mortgage Loans [Member] | 2006 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 0 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Jumbo Mortgage Loans [Member] | 2006 [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 9,793 | ' | |
Ending balance of the investments at issue | ' | 2,841 | |
Jumbo Mortgage Loans [Member] | 2007 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 50,000 | ' | |
Ending balance of the investments at issue | ' | 16,697 | |
Jumbo Mortgage Loans [Member] | 2007 [Member] | Junior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 7,084 | ' | |
Ending balance of the investments at issue | ' | 0 | |
Federal Housing Finance Agency [Member] | Alternativea Mortgage Loan Pools [Member] | 2005 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | 643,751 | ' | |
Federal Housing Finance Agency [Member] | Alternativea Mortgage Loan Pools [Member] | 2006 [Member] | Senior Investor Rank [Member] | ' | ' | |
Loss Contingencies [Line Items] | ' | ' | |
Original purchase amounts of the investments at issue | $230,020 | ' | |
[1] | The amounts shown in the table which are the subject of the FHFA litigation includes $230,020 of the Senior Alt-A loans from 2006 and $643,751 of the Senior Alt-A loans from 2005. |
Pension_Savings_And_Other_Empl2
Pension, Savings, And Other Employee Benefits (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Non Qualified Plans [Member] | Non Qualified Plans [Member] | Savings Plan [Member] | Savings Plan [Member] | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' |
Estimated social security benefits age | '65 years 0 months | ' | ' | ' | ' |
Contributions to non-qualified plans | ' | $7.30 | ' | $1.70 | $1.50 |
Employer investment in qualified defined contribution plan | ' | ' | ' | 100.00% | 50.00% |
Maximum percent of employee pre-tax contributions that may be matched by the Company | ' | ' | ' | 6.00% | 6.00% |
Benefit payments in 2013 | ' | ' | $6.20 | ' | ' |
Pension_Savings_And_Other_Empl3
Pension, Savings, And Other Employee Benefits (Schedule Of Components Of Net Periodic Benefit Cost) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension Plans Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | ($77) | $2,453 | $47 | $11,156 |
Interest cost | 8,097 | 8,191 | 24,271 | 24,780 |
Expected return on plan assets | -8,756 | -9,967 | -26,210 | -29,860 |
Amortization of unrecognized, Transition obligation | 0 | 0 | 0 | 0 |
Amortization of unrecognized, Prior service cost/(credit) | 89 | 100 | 265 | 299 |
Amortization of unrecognized, Actuarial (gain)/loss | 2,585 | 9,351 | 7,374 | 26,999 |
Net periodic benefit cost | 1,938 | 10,128 | 5,747 | 33,374 |
ASC 715 settlement expense | 0 | 1,231 | 370 | 1,231 |
Total periodic benefit costs | 1,938 | 11,359 | 6,117 | 34,605 |
Other Postretirement Benefit Plans Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 114 | 102 | 382 | 350 |
Interest cost | 505 | 612 | 1,601 | 1,724 |
Expected return on plan assets | -199 | -225 | -593 | -686 |
Amortization of unrecognized, Transition obligation | 0 | 184 | 0 | 552 |
Amortization of unrecognized, Prior service cost/(credit) | -25 | -3 | -9 | -7 |
Amortization of unrecognized, Actuarial (gain)/loss | -106 | -60 | -72 | -366 |
Net periodic benefit cost | 289 | 610 | 1,309 | 1,567 |
ASC 715 settlement expense | 0 | 0 | 0 | 0 |
Total periodic benefit costs | $289 | $610 | $1,309 | $1,567 |
Business_Segment_Information_A
Business Segment Information (Amounts Of Consolidated Revenue, Expense, Tax And Assets) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
number | ||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Net interest income | $158,838 | $173,465 | $480,239 | $518,069 | ||||
Provision/(provision credit) for loan losses | 10,000 | 40,000 | 40,000 | 63,000 | ||||
Noninterest income | 150,475 | 163,538 | 449,534 | 524,886 | ||||
Noninterest expense | 433,556 | 263,169 | 901,504 | 1,112,340 | ||||
Income/(loss) before income taxes | -134,243 | 33,834 | -11,731 | -132,385 | ||||
Provision/(benefit) for income taxes | -31,094 | 5,260 | 1,644 | -72,348 | ||||
Income/(loss) from continuing operations | -103,149 | 28,574 | -13,375 | -60,037 | ||||
Income/(loss) from discontinued operations, net of tax | 123 | [1] | 108 | [1] | 554 | [1] | 160 | [1] |
Net income/(loss) | -103,026 | 28,682 | -12,821 | -59,877 | ||||
Average assets | 24,192,606 | 25,089,754 | 24,619,958 | 25,101,544 | ||||
Number of Operating Segments | 4 | ' | ' | ' | ||||
Regional Banking [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Net interest income | 148,511 | 151,136 | 441,903 | 447,248 | ||||
Provision/(provision credit) for loan losses | 5,159 | 2,927 | 15,875 | 329 | ||||
Noninterest income | 63,884 | 64,235 | 184,928 | 189,324 | ||||
Noninterest expense | 131,438 | 141,576 | 390,723 | 425,480 | ||||
Income/(loss) before income taxes | 75,798 | 70,868 | 220,233 | 210,763 | ||||
Provision/(benefit) for income taxes | 27,359 | 25,727 | 79,510 | 76,509 | ||||
Net income/(loss) | 48,439 | 45,141 | 140,723 | 134,254 | ||||
Average assets | 12,922,737 | 12,935,133 | 12,939,436 | 12,509,334 | ||||
Capital Markets [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Net interest income | 3,756 | 4,753 | 11,687 | 16,041 | ||||
Noninterest income | 64,115 | 80,817 | 208,926 | 262,560 | ||||
Noninterest expense | 58,036 | 64,602 | 179,631 | 205,844 | ||||
Income/(loss) before income taxes | 9,835 | 20,968 | 40,982 | 72,757 | ||||
Provision/(benefit) for income taxes | 3,703 | 7,899 | 15,432 | 27,540 | ||||
Net income/(loss) | 6,132 | 13,069 | 25,550 | 45,217 | ||||
Average assets | 2,116,415 | 2,232,047 | 2,342,728 | 2,322,656 | ||||
Corporate [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Net interest income | -10,333 | -6,096 | -28,917 | -17,820 | ||||
Noninterest income | 6,558 | 7,904 | 18,224 | 20,991 | ||||
Noninterest expense | 21,584 | 21,538 | 56,239 | 63,058 | ||||
Income/(loss) before income taxes | -25,359 | -19,730 | -66,932 | -59,887 | ||||
Provision/(benefit) for income taxes | -16,024 | -13,632 | -42,743 | -39,332 | ||||
Net income/(loss) | -9,335 | -6,098 | -24,189 | -20,555 | ||||
Average assets | 5,166,039 | 5,149,235 | 5,162,727 | 5,289,352 | ||||
Non Strategic [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Net interest income | 16,904 | 23,672 | 55,566 | 72,600 | ||||
Provision/(provision credit) for loan losses | 4,841 | 37,073 | 24,125 | 62,671 | ||||
Noninterest income | 15,918 | 10,582 | 37,456 | 52,011 | ||||
Noninterest expense | 222,498 | 35,453 | 274,911 | 417,958 | ||||
Income/(loss) before income taxes | -194,517 | -38,272 | -206,014 | -356,018 | ||||
Provision/(benefit) for income taxes | -46,132 | -14,734 | -50,555 | -137,065 | ||||
Income/(loss) from continuing operations | -148,385 | -23,538 | -155,459 | -218,953 | ||||
Income/(loss) from discontinued operations, net of tax | 123 | 108 | 554 | 160 | ||||
Net income/(loss) | -148,262 | -23,430 | -154,905 | -218,793 | ||||
Average assets | $3,987,415 | $4,773,339 | $4,175,067 | $4,980,202 | ||||
[1] | Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder. |
Loan_Sales_And_Securitizations2
Loan Sales And Securitizations (Narrative) (Details) | 3 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Loan Sales And Securitizations [Abstract] | ' | ' |
Percentage of single-family mortgage loans received as fees | 0.29% | 0.29% |
Percentage of outstanding balance generating for annual servicing inclusive excess interests | 0.34% | 0.34% |
Percentage of HELOC and home equity loans received as fees | 0.50% | 0.50% |
Percentage variation in assumptions that can not necessarily be extrapolated | 10.00% | ' |
Loan_Sales_And_Securitizations3
Loan Sales And Securitizations (Schedule Of Sensitivity Of Fair Value Of Retained Or Purchased MSR Immediate 10 Percent And 20 Percent Adverse Changes In Assumptions) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||||
First Liens [Member] | First Liens [Member] | Second Liens [Member] | Second Liens [Member] | Home Equity [Member] | Home Equity [Member] | |||||||||||
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Fair value of retained interests | $116,686,000 | $114,311,000 | $120,537,000 | $144,069,000 | $114,017,000 | $117,440,000 | $166,000 | $205,000 | $2,503,000 | $2,892,000 | ||||||
Weighted average life (in years) | ' | ' | ' | ' | '4 years 5 months | '4 years 0 months | '3 years 6 months | '2 years 11 months | '3 years 5 months | '2 years 11 months | ||||||
Annual prepayment rate | ' | ' | ' | ' | 18.70% | 21.20% | 31.40% | 26.00% | 31.70% | 26.70% | ||||||
Annual prepayment rate, Impact on fair value of 10% adverse change | ' | ' | ' | ' | -5,572,000 | -6,261,000 | -10,000 | -13,000 | -130,000 | -355,000 | ||||||
Annual prepayment rate, Impact on fair value of 20% adverse change | ' | ' | ' | ' | -10,637,000 | -11,953,000 | -20,000 | -25,000 | -250,000 | -683,000 | ||||||
Annual discount rate on servicing cash flows | ' | ' | ' | ' | 8.40% | 11.80% | 14.00% | 14.00% | 18.00% | 18.00% | ||||||
Annual discount rate on servicing cash flows, Impact on fair value of 10% adverse change | ' | ' | ' | ' | -2,675,000 | -3,253,000 | -4,000 | -6,000 | -76,000 | -191,000 | ||||||
Annual discount rate on servicing cash flows, Impact on fair value of 20% adverse change | ' | ' | ' | ' | -5,221,000 | -6,314,000 | -9,000 | -11,000 | -148,000 | -370,000 | ||||||
Annual cost to service (per loan) | ' | ' | ' | ' | 119 | [1] | 116 | [1] | 50 | [1] | 50 | [1] | 50 | [1] | 50 | [1] |
Annual cost to service (per loan), Impact on fair value of 10% adverse change | ' | ' | ' | ' | -2,684,000 | -2,822,000 | -4,000 | -5,000 | -39,000 | -96,000 | ||||||
Annual cost to service (per loan), Impact on fair value of 20% adverse change | ' | ' | ' | ' | -5,352,000 | -5,625,000 | -8,000 | -9,000 | -78,000 | -193,000 | ||||||
Annual earnings on escrow | ' | ' | ' | ' | 1.40% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||
Annual earnings on escrow, Impact on fair value of 10% adverse change | ' | ' | ' | ' | -1,152,000 | -631,000 | 0 | 0 | 0 | 0 | ||||||
Annual earnings on escrow, Impact on fair value of 20% adverse change | ' | ' | ' | ' | ($2,304,000) | ($1,263,000) | $0 | $0 | $0 | $0 | ||||||
[1] | Amounts represent market participant based assumptions. |
Loan_Sales_And_Securitizations4
Loan Sales And Securitizations (Schedule Of Sensitivity Of Fair Value Of Other Retained Interests To Immediate 10 Percent And 20 Percent Adverse Changes Assumptions) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | Interest Only Strip [Member] | Interest Only Strip [Member] | Principal Only Strip [Member] | Principal Only Strip [Member] | |||
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Fair value of retained interests | $1,343,134 | $1,262,720 | $1,204,366 | $10,618 | $13,739 | $5,096 | $5,462 |
Weighted average life (in years) | ' | ' | ' | '4 years 5 months | '3 years 11 months | '1 year 11 months | '1 year 11 months |
Annual prepayment rate | ' | ' | ' | 16.80% | 19.10% | 41.90% | 49.50% |
Annual prepayment rate, Impact on fair value of 10% adverse change | ' | ' | ' | -476 | -618 | -225 | -304 |
Annual prepayment rate, Impact on fair value of 20% adverse change | ' | ' | ' | -915 | -1,189 | -474 | -640 |
Annual discount rate on residual cash flows | ' | ' | ' | 9.50% | 13.30% | ' | ' |
Annual discount rate on servicing cash flows, Impact on fair value of 10% adverse change | ' | ' | ' | -343 | -504 | ' | ' |
Annual discount rate on servicing cash flows, Impact on fair value of 20% adverse change | ' | ' | ' | ($660) | ($968) | ' | ' |
Loan_Sales_And_Securitizations5
Loan Sales And Securitizations (Schedule Of Cash Flows Related To Loan Sales And Securitizations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Proceeds from initial sales | $0 | $77,297 | $10,843 | $178,045 | ||||
Servicing fees retained | 11,261 | [1] | 14,262 | [1] | 36,542 | [1] | 47,488 | [1] |
Purchases of GNMA guaranteed mortgages | 17,797 | 22,434 | 88,652 | 85,149 | ||||
Purchases of previously transferred financial assets | 41,916 | [2] | 191,318 | [2],[3] | 266,266 | [2],[3] | 333,236 | [2],[3] |
Other cash flows received on retained interests | 1,260 | 1,696 | 4,088 | 6,915 | ||||
Fhn [Member] | ' | ' | ' | ' | ||||
Purchases of previously transferred financial assets | ' | $99,300 | $74,700 | $99,300 | ||||
[1] | Includes servicing fees on MSR associated with loan sales and purchased MSR. | |||||||
[2] | Includes repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also includes buyouts from GSEs in order to facilitate foreclosures. | |||||||
[3] | Nine months ended September 30, 2013, and three and nine months ended September 30, 2012, includes $74.7 million and $99.3 million, respectively, of cash paid related to clean-up calls exercised by FHN. |
Recovered_Sheet2
Loan Sales and Securitizations (Schedule of Principal Amount of Delinquent Loans, and Net Credit Losses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ||||
Principal amount of loans securitized and sold | $4,400,000,000 | $6,300,000,000 | $4,400,000,000 | $6,300,000,000 | ||||
Residential Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ||||
Principal Amount of Residential Real Estate Loans | 13,016,536,000 | [1],[2],[3] | 15,889,548,000 | [1],[2],[3] | 13,016,536,000 | [1],[2],[3] | 15,889,548,000 | [1],[2],[3] |
Net Credit Losses | 47,832,000 | [2] | 123,586,000 | [2] | 185,443,000 | [2] | 345,064,000 | [2] |
Principal Amount90 Days Or More Past Due Or Nonaccrual [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ||||
Principal Amount of Residential Real Estate Loans | 700,000,000 | 700,000,000 | 700,000,000 | 700,000,000 | ||||
Principal Amount90 Days Or More Past Due Or Nonaccrual [Member] | Government National Mortgage Association Certificates And Obligations G N M A [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ||||
Principal Amount of Residential Real Estate Loans | $41,900,000 | $35,400,000 | $41,900,000 | $35,400,000 | ||||
[1] | On September 30, 2013 and 2012, includes $.7 billion where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $41.9 million and $35.4 million of GNMA guaranteed mortgages on September 30, 2013 and 2012, respectively. | |||||||
[2] | No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 10 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors. | |||||||
[3] | Amounts represent real estate residential loans in FHNbs portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN has a retained interest other than servicing rights. Also includes $4.4 billion and $6.3 billion of loans transferred to GSEs with any type of retained interest on September 30, 2013 and 2012, respectively. |
Variable_Interest_Entities_Nar
Variable Interest Entities (Narrative) (Details) | Dec. 31, 2012 | Mar. 31, 2012 | Sep. 30, 2013 |
number | number | Home Equity [Member] | |
number | |||
Variable Interest Entity [Line Items] | ' | ' | ' |
Number of proprietary consumer loan securitizations where status as master servicer has been relinquished | ' | 2 | ' |
Number of previously consolidated on-balance sheet consumer loan securitizations for which cleanup calls have been completed | 4 | ' | ' |
Number Of Securitization Trusts That Have Entered Rapid Amortization Period | ' | ' | 2 |
Variable_Interest_Entities_Sum
Variable Interest Entities (Summary Of VIE Consolidated By FHN) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Assets: | ' | ' | ' | ' | ' | ' |
Cash and due from banks | $395,631 | ' | $469,879 | $355,978 | ' | ' |
Loans, net of unearned income | 15,408,556 | ' | 16,708,582 | 16,523,783 | ' | ' |
Allowance for loan losses | 255,710 | 261,934 | 276,963 | 281,744 | 321,051 | 384,351 |
Total net loans | 15,152,846 | ' | 16,431,619 | 16,242,039 | ' | ' |
Other assets | 1,637,138 | ' | 1,670,840 | 1,652,866 | ' | ' |
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 24,193,341 | ' | 25,520,140 | 25,739,830 | ' | ' |
Liabilities: | ' | ' | ' | ' | ' | ' |
Term borrowings | 1,771,288 | ' | 2,226,482 | 2,263,238 | ' | ' |
Other liabilities | 770,772 | ' | 743,933 | 749,204 | ' | ' |
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 21,760,048 | ' | 23,010,934 | 23,207,942 | ' | ' |
On Balance Sheet Consumer Loan Securitizations [Member] | ' | ' | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' | ' | ' |
Cash and due from banks | 1,494 | ' | ' | 624 | ' | ' |
Loans, net of unearned income | 104,052 | ' | ' | 121,959 | ' | ' |
Allowance for loan losses | 3,217 | ' | ' | 4,384 | ' | ' |
Total net loans | 100,835 | ' | ' | 117,575 | ' | ' |
Other assets | 1,435 | ' | ' | 1,907 | ' | ' |
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 103,764 | ' | ' | 120,106 | ' | ' |
Liabilities: | ' | ' | ' | ' | ' | ' |
Term borrowings | 93,700 | ' | ' | 113,342 | ' | ' |
Other liabilities | 19 | ' | ' | 16 | ' | ' |
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 93,719 | ' | ' | 113,358 | ' | ' |
Rabbi Trusts Used For Deferred Compensation Plans [Member] | ' | ' | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' | ' | ' |
Other assets | 63,238 | ' | ' | 61,409 | ' | ' |
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 63,238 | ' | ' | 61,409 | ' | ' |
Liabilities: | ' | ' | ' | ' | ' | ' |
Other liabilities | 49,469 | ' | ' | 49,579 | ' | ' |
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | $49,469 | ' | ' | $49,579 | ' | ' |
Variable_Interest_Entities_Sum1
Variable Interest Entities (Summary Of VIE Not Consolidated By FHN) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Loans, net of unearned income | $15,408,556,000 | $16,708,582,000 | $16,523,783,000 | ' | ||
Term borrowings | 1,771,288,000 | 2,226,482,000 | 2,263,238,000 | ' | ||
Trading securities | 1,343,134,000 | 1,262,720,000 | 1,204,366,000 | ' | ||
Total MSR recognized by FHN | 116,686,000 | 114,311,000 | 120,537,000 | 144,069,000 | ||
Custodial balances | 4,434,746,000 | 4,602,472,000 | 4,569,113,000 | ' | ||
Securities available for sale | 3,186,943,000 | [1] | 3,061,808,000 | 3,123,629,000 | [2] | ' |
Low Income Housing Partnerships [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 53,123,000 | [3],[4] | ' | 57,030,000 | [3],[5] | ' |
Maximum loss exposure, contractual funding commitments | 7,000,000 | ' | 500,000 | ' | ||
Liability Recognized | 0 | [3],[4] | ' | 0 | [3],[5] | ' |
Low Income Housing Partnerships [Member] | Other Assets Member | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum loss exposure, current investments | 46,100,000 | ' | 56,500,000 | ' | ||
New Market Tax Credit Llcs [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 23,014,000 | [3],[6] | ' | 20,312,000 | [3],[7] | ' |
Liability Recognized | 0 | [3],[6] | ' | 0 | [3],[7] | ' |
New Market Tax Credit Llcs [Member] | Current Investment Funded By Borrowings [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum loss exposure, current investments | 18,000,000 | ' | 15,300,000 | ' | ||
Small Issuer Trust Preferred Holdings [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 402,307,000 | [8] | ' | 446,045,000 | [8] | ' |
Liability Recognized | 0 | [8] | ' | 0 | [8] | ' |
On Balance Sheet Trust Preferred Securitization [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 54,314,000 | [9] | ' | 60,662,000 | [10] | ' |
Liability Recognized | 59,860,000 | [9] | ' | 53,511,000 | [10] | ' |
Loans, net of unearned income | 112,500,000 | ' | 112,500,000 | ' | ||
Term borrowings | 59,900,000 | ' | 53,700,000 | ' | ||
Trading securities | 1,700,000 | ' | 1,700,000 | ' | ||
Proprietary Trust Preferred Issuances [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Liability Recognized | 206,186,000 | [11] | ' | 206,186,000 | [11] | ' |
Proprietary Agency Residential Mortgage Securitizations [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 409,429,000 | [12] | ' | 425,741,000 | [13] | ' |
Liability Recognized | 0 | [12] | ' | 0 | [13] | ' |
Proprietary Agency Residential Mortgage Securitizations [Member] | Other Assets Member | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Aggregate servicing advances | 289,100,000 | ' | 300,600,000 | ' | ||
On Balance Sheet Consumer Loan Securitizations [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 21,084,000 | [14] | ' | 6,654,000 | [15] | ' |
Liability Recognized | 235,874,000 | [14] | ' | 302,633,000 | [15] | ' |
Loans, net of unearned income | 257,000,000 | ' | 309,300,000 | ' | ||
Term borrowings | 235,900,000 | ' | 302,600,000 | ' | ||
Holdings Of Agency Mortgage Backed Securities [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 3,398,870,000 | [16],[8] | ' | 3,462,956,000 | [17],[8] | ' |
Liability Recognized | 0 | [16],[8] | ' | 0 | [17],[8] | ' |
Trading securities | 498,300,000 | ' | 636,800,000 | ' | ||
Securities available for sale | 2,900,000,000 | ' | 2,800,000,000 | ' | ||
Short Positions In Agency Mortgage Backed Securities [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Liability Recognized | 1,545,000 | [11] | ' | 13,221,000 | [11] | ' |
Commercial Loan Troubled Debt Restructurings [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 73,127,000 | [18],[19] | ' | 95,681,000 | [18],[20] | ' |
Maximum loss exposure, contractual funding commitments | 2,900,000 | ' | 1,400,000 | ' | ||
Liability Recognized | 0 | [18],[19] | ' | 0 | [18],[20] | ' |
Loans, net of unearned income | 70,200,000 | ' | 94,300,000 | ' | ||
Managed Discretionary Trusts [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Maximum Loss Exposure | 0 | [11] | ' | 0 | [11] | ' |
Liability Recognized | 0 | [11] | ' | 0 | [11] | ' |
Proprietary Residential Mortgage Securitizations [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Trading securities | 7,300,000 | ' | 8,400,000 | ' | ||
Total MSR recognized by FHN | 72,900,000 | ' | 71,500,000 | ' | ||
Agency Residential Mortgage Securitizations [Member] | ' | ' | ' | ' | ||
Variable Interest Entity [Line Items] | ' | ' | ' | ' | ||
Trading securities | 8,400,000 | ' | 10,800,000 | ' | ||
Total MSR recognized by FHN | $31,800,000 | ' | $34,400,000 | ' | ||
[1] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[2] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[3] | A liability is not recognized as investments are written down over the life of the related tax credit. | |||||
[4] | Maximum loss exposure represents $46.1 million of current investments and $7.0 million of contractual funding commitments. Only the current investment amount is included in Other assets. | |||||
[5] | Maximum loss exposure represents $56.5 million of current investments and $.5 million of contractual funding commitments. Only the current investment amount is included in Other assets. | |||||
[6] | Maximum loss exposure represents current investment balance. Of the initial investment, $18.0 million was funded through loans from community development enterprises. | |||||
[7] | Maximum loss exposure represents current investment balance. Of the initial investment $15.3 million was funded through loans from community development enterprises. | |||||
[8] | Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trustsb securities. | |||||
[9] | Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $59.9 million classified as Term borrowings. | |||||
[10] | Includes $112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $53.7 million classified as Term borrowings. | |||||
[11] | No exposure to loss due to the nature of FHNbs involvement. | |||||
[12] | Includes $72.9 million and $31.8 million classified as MSR and $7.3 million and $8.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $289.1 million are classified as Other assets. | |||||
[13] | Includes $71.5 million and $34.4 million classified as MSR and $8.4 million and $10.8 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $300.6 million are classified as Other assets. | |||||
[14] | Includes $257.0 million classified as Loans, net of unearned income which are offset by $235.9 million classified as Term borrowings. | |||||
[15] | Includes $309.3 million as Loans, net of unearned income which are offset by $302.6 million classified as Term borrowings. | |||||
[16] | Includes $498.3 million classified as Trading securities and $2.9 billion classified as Securities available-for-sale. | |||||
[17] | Includes $636.8 million classified as Trading securities and $2.8 billion classified as Securities available-for-sale. | |||||
[18] | A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowersb operations. | |||||
[19] | Maximum loss exposure represents $70.2 million of current receivables and $2.9 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. | |||||
[20] | Maximum loss exposure represents $94.3B million of current receivables and $1.4B million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. |
Derivatives_Narrative_Details
Derivatives (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Oct. 31, 2012 | Sep. 30, 2012 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Visa Class B Shares [Member] | Visa Class B Shares [Member] | Parent Company [Member] | Parent Company [Member] | Derivative Instruments With Accelerated Termination Provisions [Member] | Derivative Instruments With Accelerated Termination Provisions [Member] | Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member] | Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member] | Subordinated Debentures Subject To Mandatory Redemption Amount [Member] | Subordinated Debentures Subject To Mandatory Redemption Amount [Member] | Subordinated Debentures Subject To Mandatory Redemption Amount [Member] | Subordinated Debentures Subject To Mandatory Redemption Amount [Member] | Hedge Of Held To Maturity Trust Preferred Loans [Member] | Hedge Of Held To Maturity Trust Preferred Loans [Member] | Additional Derivative Agreements [Member] | Additional Derivative Agreements [Member] | Fixed Interest Rate Swaps To Hedge [Member] | Fixed Interest Rate Swaps To Hedge [Member] | ||||||
Parent Company [Member] | Parent Company [Member] | Derivative Instruments With Adjustable Collateral Posting Thresholds [Member] | Derivative Instruments With Adjustable Collateral Posting Thresholds [Member] | Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Shortcut Method [Member] | Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Shortcut Method [Member] | ||||||||||||||||||
Parent Company [Member] | Parent Company [Member] | ||||||||||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral cash receivables | $111,700,000 | $197,400,000 | $111,700,000 | $197,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral received | ' | ' | ' | ' | ' | ' | ' | ' | ' | 213,200,000 | 288,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | 213,200,000 | 288,800,000 | ' | ' |
Collateral cash payables | 90,100,000 | 153,300,000 | 90,100,000 | 153,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities posted collateral | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,400,000 | 46,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | 102,500,000 | 188,200,000 | ' | ' |
Net fair value of derivative assets with adjustable posting thresholds | ' | ' | ' | ' | ' | ' | ' | ' | ' | 144,500,000 | 255,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | 144,500,000 | 256,300,000 | ' | ' |
Net fair value of derivative liabilities with adjustable posting thresholds | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,100,000 | 41,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | 110,300,000 | 187,500,000 | ' | ' |
Total trading revenues | 54,400,000 | 74,500,000 | 180,900,000 | 242,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Certain term borrowings total | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | 500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 554,000,000 | 904,000,000 |
Net fair value of interest rate derivatives hedging | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | 29,500,000 | ' | ' | 400,000 | ' | ' | ' | ' | ' | 46,100,000 | 81,300,000 |
Noncallable senior debt maturing date | ' | ' | '2015-12-01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net fair value of interest rate derivatives hedging subordinated debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,600,000 | ' | ' | ' | 1,100,000 | 3,400,000 | ' | ' | ' | ' |
Other Long-term Debt | 1,771,288,000 | 2,263,238,000 | 1,771,288,000 | 2,263,238,000 | 2,226,482,000 | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ' | ' | ' | ' | ' | ' |
Hedged held-to-maturity trust preferred loans principal balance | ' | ' | ' | ' | ' | ' | ' | 6,500,000 | 128,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed rate term before conversion to floating rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' |
Derivative liabilities related to sale | ' | ' | ' | ' | ' | 2,700,000 | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Hedged amount of foreign currency denominated loans | $600,000 | $700,000 | $600,000 | $700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives_Derivatives_associ
Derivatives (Derivatives associated with legacy Mortgage Servicing Activities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | Forwards And Futures [Member] | Forwards And Futures [Member] | Forwards And Futures [Member] | Forwards And Futures [Member] | Interest Rate Swaps And Swaptions [Member] | Interest Rate Swaps And Swaptions [Member] | Interest Rate Swaps And Swaptions [Member] | Interest Rate Swaps And Swaptions [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Other Retained Interests [Member] | Other Retained Interests [Member] | Other Retained Interests [Member] | Other Retained Interests [Member] | ||||
Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | |||||
Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional | ' | ' | ' | ' | $0 | $20,000 | $0 | $20,000 | $0 | $1,837,600 | $0 | $1,837,600 | ' | ' | ' | ' | ' | ' | ' | ' |
Assets | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 6,693 | 0 | 6,693 | ' | ' | ' | ' | ' | ' | ' | ' |
Assets, Forwards and Futures | ' | ' | ' | ' | 0 | 542 | 0 | 542 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 4,282 | 0 | 4,282 | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities, Forwards and Futures | ' | ' | ' | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains/(Losses) | ' | ' | ' | ' | ' | ' | ' | ' | 1,305 | 4,580 | -4,275 | 5,498 | ' | ' | ' | ' | ' | ' | ' | ' |
Gains/(Losses), Forwards and Futures | ' | ' | ' | ' | 159 | 207 | -3,047 | 9,839 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total MSR recognized by FHN | 116,686 | 114,311 | 120,537 | 144,069 | ' | ' | ' | ' | ' | ' | ' | ' | 114,318 | 117,522 | 114,318 | 117,522 | ' | ' | ' | ' |
Fair value of retained interests | 1,343,134 | 1,262,720 | 1,204,366 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,714 | 19,201 | 15,714 | 19,201 |
Gains/(Losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,844 | ($1,279) | $20,174 | ($379) | $1,628 | $978 | $3,422 | $425 |
Recovered_Sheet3
Derivatives (Derivatives Associated with Capital Markets Trading Activities) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Customer Interest Rate Contracts [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Notional | $1,742,060 | $1,439,306 |
Assets | 88,154 | 137,958 |
Liabilities | 6,880 | 923 |
Offsetting Upstream Interest Rate Contracts [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Notional | 1,742,060 | 1,439,306 |
Assets | 6,880 | 923 |
Liabilities | 88,154 | 137,958 |
Put Option [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Notional | ' | 5,000 |
Assets, Option Contracts | ' | 1 |
Liabilities, Option Contracts | ' | 0 |
Forwards And Futures Purchased [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Notional | 1,664,813 | 4,361,583 |
Assets, Forwards and Futures | 208 | 1,173 |
Liabilities, Forwards and Futures | 9,296 | 10,662 |
Forwards And Futures Sold [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Notional | 2,038,677 | 4,706,866 |
Assets, Forwards and Futures | 16,669 | 13,147 |
Liabilities, Forwards and Futures | $474 | $1,762 |
Derivatives_Derivatives_Associ1
Derivatives (Derivatives Associated With Interest Rate Risk Management Activities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||||||||||||||
In Thousands, unless otherwise specified | Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts [Member] | Offsetting Upstream Interest Rate Contracts [Member] | Offsetting Upstream Interest Rate Contracts [Member] | Offsetting Upstream Interest Rate Contracts [Member] | Offsetting Upstream Interest Rate Contracts [Member] | Offsetting Upstream Interest Rate Contracts [Member] | Offsetting Upstream Interest Rate Contracts [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Long Term Debt [Member] | Long Term Debt [Member] | Long Term Debt [Member] | Long Term Debt [Member] | |||||||||||||||||||
Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Customer Interest Rate Contracts Hedging [Member] | Debt [Member] | Debt [Member] | Debt [Member] | Debt [Member] | Debt [Member] | Debt [Member] | Debt [Member] | Debt [Member] | ||||||||||||||||||||||||
Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments And Hedged Items [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | ||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Notional | ' | ' | ' | $1,742,060 | $1,439,306 | $801,260 | [1] | $975,213 | [1] | $801,260 | [1] | $975,213 | [1] | $1,742,060 | $1,439,306 | $817,901 | [1] | $975,213 | [1] | $817,901 | [1] | $975,213 | [1] | $1,254,000 | [2] | $1,604,000 | [2] | $1,254,000 | [2] | $1,604,000 | [2] | ' | ' | ' | ' | ||||
Assets | ' | ' | ' | 88,154 | 137,958 | 34,703 | [1] | 61,984 | [1] | 34,703 | [1] | 61,984 | [1] | 6,880 | 923 | 2,453 | [1] | 362 | [1] | 2,453 | [1] | 362 | [1] | 66,049 | [2] | 111,240 | [2] | 66,049 | [2] | 111,240 | [2] | ' | ' | ' | ' | ||||
Liabilities | ' | ' | ' | 6,880 | 923 | 2,452 | [1] | 362 | [1] | 2,452 | [1] | 362 | [1] | 88,154 | 137,958 | 35,203 | [1] | 63,384 | [1] | 35,203 | [1] | 63,384 | [1] | 19,622 | [2] | 0 | [2] | 19,622 | [2] | 0 | [2] | ' | ' | ' | ' | ||||
Gains/(Losses) | ' | ' | ' | ' | ' | -1,464 | [1] | -3,971 | [1] | -22,673 | [1] | -7,554 | [1] | ' | ' | 1,465 | [1] | 4,071 | [1] | 23,374 | [1] | 8,254 | [1] | -6,430 | [2] | -2,481 | [2] | -48,777 | [2] | -15,642 | [2] | ' | ' | ' | ' | ||||
Term borrowings | 1,771,288 | 2,226,482 | 2,263,238 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,254,000 | [2],[3] | 1,604,000 | [2],[3] | 1,254,000 | [2],[3] | 1,604,000 | [2],[3] | ||||||||||||
Gains/(Losses) related to term borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,430 | [2],[4] | $2,481 | [2],[4] | $48,777 | [2],[4] | $15,642 | [2],[4] | ||||||||||||
[1] | Gains/losses included in the Other expense section of the Consolidated Condensed Statements of Income. | ||||||||||||||||||||||||||||||||||||||
[2] | Gains/losses included in the All other income and commissions section of the Consolidated Condensed Statements of Income. | ||||||||||||||||||||||||||||||||||||||
[3] | Represents par value of term borrowings being hedged. | ||||||||||||||||||||||||||||||||||||||
[4] | Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships. |
Derivatives_Schedule_Of_Deriva
Derivatives (Schedule Of Derivative Activities Associated With Trust Preferred Loans) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
In Thousands, unless otherwise specified | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedging Instruments [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | Hedged Items [Member] | |||||||
Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | Loan Portfolio Hedging [Member] | ||||||||
Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Trust Preferred Loans [Member] | Trust Preferred Loans [Member] | Trust Preferred Loans [Member] | Trust Preferred Loans [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Notional | ' | ' | ' | $6,500 | $128,750 | $6,500 | $128,750 | ' | ' | ' | ' | ||||
Loans, net of unearned income | 15,408,556 | 16,708,582 | 16,523,783 | ' | ' | ' | ' | 6,500 | [1],[2] | 128,750 | [1],[2] | 6,500 | [1],[2] | 128,750 | [1],[2] |
Interest Rate Derivative Liabilities at Fair Value | ' | ' | ' | 1,091 | 3,411 | 1,091 | 3,411 | ' | ' | ' | ' | ||||
Gains/(Losses) | ' | ' | ' | 27 | 1,625 | 951 | 5,398 | ' | ' | ' | ' | ||||
Gains/(Losses) | ' | ' | ' | ' | ' | ' | ' | ($25) | [1],[3] | ($1,601) | [1],[3] | ($946) | [1],[3] | ($5,356) | [1],[3] |
[1] | Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition. | ||||||||||||||
[2] | Represents principal balance being hedged. | ||||||||||||||
[3] | 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_Collater
Derivative Assets And Collateral Received (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
line items | ' | ' | ' | ||
Gross amounts of recognized assets | $215,116,000 | $292,472,000 | $334,025,000 | ||
Subject to Master Netting Agreements | ' | ' | ' | ||
line items | ' | ' | ' | ||
Gross amounts of recognized assets | 198,238,000 | [1] | ' | 319,702,000 | [1] |
Gross amounts offset in the Statement of Condition | 0 | ' | 0 | ||
Net amounts of assets presented in the Statement of Condition | 198,238,000 | [1],[2] | ' | 319,702,000 | [1],[2] |
Derivative liabilities available for offset | -36,770,000 | ' | -20,218,000 | ||
Collateral Received | -161,468,000 | ' | -273,730,000 | ||
Net amount | 0 | ' | 25,754,000 | ||
Interest Rate Contract [Member] | ' | ' | ' | ||
line items | ' | ' | ' | ||
Derivative Assets not subject to master netting agreements | 16,900,000 | ' | 14,300,000 | ||
Interest Rate Contract [Member] | Subject to Master Netting Agreements | ' | ' | ' | ||
line items | ' | ' | ' | ||
Gross amounts of recognized assets | ' | ' | 319,200,000 | ||
Net amounts of assets presented in the Statement of Condition | ' | ' | 319,200,000 | ||
Forwards And Futures [Member] | Subject to Master Netting Agreements | ' | ' | ' | ||
line items | ' | ' | ' | ||
Gross amounts of recognized assets | ' | ' | 500,000 | ||
Net amounts of assets presented in the Statement of Condition | ' | ' | $500,000 | ||
[1] | 2013 is comprised entirely of interest rate derivative contracts. 2012 includes $319.2 million of interest rate derivative contracts and $.5 million of forwards and futures contracts. | ||||
[2] | Included in Derivative Assets on the Consolidated Condensed Statements of Condition. As of September 30, 2013 and 2012, $16.9 million and $14.3 million, respectively, of derivative assets (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. |
Derivative_Liabilities_and_Col
Derivative Liabilities and Collateral Pledged (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
line items | ' | ' | ' | ||
Gross amounts of recognized liabilities | $165,918,000 | $202,269,000 | $225,084,000 | ||
Derivative Liabilities not subject to master netting agreements | 12,500,000 | ' | 14,800,000 | ||
Subject to Master Netting Agreements | ' | ' | ' | ||
line items | ' | ' | ' | ||
Gross amounts of recognized liabilities | 153,403,000 | [1] | ' | 210,320,000 | [1] |
Gross amounts offset in the Statement of Condition | 0 | ' | 0 | ||
Net amounts of liabilities presented in the Statement of Condition | 153,403,000 | [1],[2] | ' | 210,320,000 | [1],[2] |
Derivative assets available for offset | -36,770,000 | ' | -20,218,000 | ||
Collateral pledged | -109,079,000 | ' | -185,230,000 | ||
Net amount | 7,554,000 | ' | 4,872,000 | ||
Interest Rate Contract [Member] | Subject to Master Netting Agreements | ' | ' | ' | ||
line items | ' | ' | ' | ||
Gross amounts of recognized liabilities | 153,400,000 | ' | 210,300,000 | ||
Net amounts of liabilities presented in the Statement of Condition | $153,400,000 | ' | $210,300,000 | ||
[1] | 2013 and 2012 includes $153.4 million and $210.3 million, respectively, of interest rate derivative contracts. | ||||
[2] | Included in Derivative Liabilities on the Consolidated Condensed Statements of Condition. As of September 30, 2013 and 2012, $12.5 million and $14.8 million, respectively, of derivative liabilities (primarily capital markets forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. |
Securities_Purchased_Under_Agr
Securities Purchased Under Agreements To Resell And Collateral Pledged By Company (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Securities Purchased under Agreements to Resell [Abstract] | ' | ' | ' |
Gross amounts of recognized assets | $576,355 | ' | $517,263 |
Gross amounts offset in the Statement of Condition | 0 | ' | 0 |
Net amounts of assets presented in the Statement of Condition | 576,355 | 601,891 | 517,263 |
Offsetting securities sold under agreements to repurchase | -30,584 | ' | -2,068 |
Securities collateral (not recognized on FHN's Statement of Condition) | -537,810 | ' | -509,707 |
Net amount | $7,961 | ' | $5,488 |
Securities_Sold_Under_Agreemen
Securities Sold Under Agreements To Repurchase And Collateral Pledged By Counterparties (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Securities Sold Under Agreements To Repurchase [Abstract] | ' | ' | ' |
Gross amounts of recognized liabilities | $427,232 | ' | $443,370 |
Gross amounts offset in the statement of Condition | 0 | ' | 0 |
Net amounts of liabilities presented in the Statement of Condition | 427,232 | 555,438 | 443,370 |
Offsetting securities purchased under agreements to resell | -30,584 | ' | -2,068 |
Securities Collateral | -396,639 | ' | -441,273 |
Net amount | $9 | ' | $29 |
Fair_Value_Of_Assets_And_Liabi2
Fair Value Of Assets And Liabilities (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
number | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' |
Gain/(loss) on instrument specific credit risk | ($1,400,000) | ($900,000) | $400,000 | ($400,000) | ' |
Number of levels assets and liabilities are grouped in | ' | ' | 3 | ' | ' |
Trading securities | 1,343,134,000 | 1,204,366,000 | 1,343,134,000 | 1,204,366,000 | 1,262,720,000 |
Capital Markets [Member] | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' |
Trading securities | 1,327,420,000 | 1,185,165,000 | 1,327,420,000 | 1,185,165,000 | ' |
Capital Markets [Member] | Trading Loans [Member] | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' |
Trading securities | $145,505,000 | ' | $145,505,000 | ' | ' |
Fair_Value_Of_Assets_And_Liabi3
Fair Value Of Assets And Liabilities (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | $1,343,134 | $1,262,720 | $1,204,366 | ' | ||
Loans held-for-sale | 229,760 | ' | 224,635 | ' | ||
Securities available for sale | 3,186,943 | [1] | 3,061,808 | 3,123,629 | [2] | ' |
Total MSR recognized by FHN | 116,686 | 114,311 | 120,537 | 144,069 | ||
Total other assets | 238,309 | ' | 357,326 | ' | ||
Total assets | 4,910,708 | ' | 4,833,017 | ' | ||
Other short-term borrowings | 11,715 | ' | 11,585 | ' | ||
Total other liabilities | 165,918 | ' | 225,084 | ' | ||
Total liabilities | 763,602 | ' | 753,639 | ' | ||
Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Loans held-for-sale | 0 | ' | 0 | ' | ||
Securities available for sale | 20,267 | ' | 13,794 | ' | ||
Total MSR recognized by FHN | 0 | ' | 0 | ' | ||
Total other assets | 40,070 | ' | 38,163 | ' | ||
Total assets | 60,337 | ' | 51,957 | ' | ||
Other short-term borrowings | 0 | ' | 0 | ' | ||
Total other liabilities | 9,770 | ' | 12,424 | ' | ||
Total liabilities | 9,770 | ' | 12,424 | ' | ||
Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Loans held-for-sale | 0 | ' | 10,996 | ' | ||
Securities available for sale | 2,954,224 | ' | 2,897,657 | ' | ||
Total MSR recognized by FHN | 0 | ' | 0 | ' | ||
Total other assets | 198,239 | ' | 319,163 | ' | ||
Total assets | 4,479,878 | ' | 4,418,438 | ' | ||
Other short-term borrowings | 0 | ' | 0 | ' | ||
Total other liabilities | 153,403 | ' | 210,320 | ' | ||
Total liabilities | 739,372 | ' | 727,290 | ' | ||
Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 15,714 | ' | ' | ' | ||
Loans held-for-sale | 229,760 | ' | 213,639 | ' | ||
Securities available for sale | 8,328 | ' | 14,702 | ' | ||
Total MSR recognized by FHN | 116,686 | ' | 120,537 | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Total assets | 370,493 | ' | 362,622 | ' | ||
Other short-term borrowings | 11,715 | ' | 11,585 | ' | ||
Total other liabilities | 2,745 | ' | 2,340 | ' | ||
Total liabilities | 14,460 | ' | 13,925 | ' | ||
Fair Value Measurements Recurring Member | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 2,982,819 | ' | 2,926,153 | ' | ||
U S Treasury Securities [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 39,996 | ' | 54,996 | ' | ||
U S Treasury Securities [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
U S Treasury Securities [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 39,996 | ' | 54,996 | ' | ||
U S Treasury Securities [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 875,452 | ' | 1,271,450 | ' | ||
Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 875,452 | ' | 1,271,450 | ' | ||
Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 2,025,121 | ' | 1,554,741 | ' | ||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 2,025,121 | ' | 1,554,741 | ' | ||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Other U.S. Government Agencies [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 2,528 | ' | 4,202 | ' | ||
Other U.S. Government Agencies [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Other U.S. Government Agencies [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Other U.S. Government Agencies [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 2,528 | ' | 4,202 | ' | ||
States And Municipalities [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 15,155 | ' | 17,970 | ' | ||
States And Municipalities [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
States And Municipalities [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 13,655 | ' | 16,470 | ' | ||
States And Municipalities [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 1,500 | ' | 1,500 | ' | ||
Corporate And Other Debt [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 517 | ' | ||
Corporate And Other Debt [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 517 | ' | ||
Corporate And Other Debt [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Corporate And Other Debt [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Venture Capital Investments [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 4,300 | ' | 9,000 | ' | ||
Venture Capital Investments [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Venture Capital Investments [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Venture Capital Investments [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 4,300 | ' | 9,000 | ' | ||
Equity Mutual Funds And Other [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 20,267 | ' | 13,277 | ' | ||
Equity Mutual Funds And Other [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 20,267 | ' | 13,277 | ' | ||
Equity Mutual Funds And Other [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Equity Mutual Funds And Other [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Securities available for sale | 0 | ' | 0 | ' | ||
Interest Only Strip [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | ' | ' | 13,739 | ' | ||
Deferred Compensation Assets [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 23,193 | ' | 23,301 | ' | ||
Deferred Compensation Assets [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 23,193 | ' | 23,301 | ' | ||
Deferred Compensation Assets [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Deferred Compensation Assets [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Derivatives Forwards And Futures [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 16,877 | ' | 14,862 | ' | ||
Total other liabilities | 9,770 | ' | 12,424 | ' | ||
Derivatives Forwards And Futures [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 16,877 | ' | 14,862 | ' | ||
Total other liabilities | 9,770 | ' | 12,424 | ' | ||
Derivatives Forwards And Futures [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Total other liabilities | 0 | ' | 0 | ' | ||
Derivatives Forwards And Futures [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Total other liabilities | 0 | ' | 0 | ' | ||
Derivatives, Interest Rate Contracts [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 198,239 | ' | 319,163 | ' | ||
Total other liabilities | 153,402 | ' | 210,320 | ' | ||
Derivatives, Interest Rate Contracts [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Total other liabilities | 0 | ' | 0 | ' | ||
Derivatives, Interest Rate Contracts [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 198,239 | ' | 319,163 | ' | ||
Total other liabilities | 153,402 | ' | 210,320 | ' | ||
Derivatives, Interest Rate Contracts [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other assets | 0 | ' | 0 | ' | ||
Total other liabilities | 0 | ' | 0 | ' | ||
Derivatives Other [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other liabilities | 2,746 | ' | 2,340 | ' | ||
Derivatives Other [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other liabilities | 0 | ' | 0 | ' | ||
Derivatives Other [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other liabilities | 1 | ' | 0 | ' | ||
Derivatives Other [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Total other liabilities | 2,745 | ' | 2,340 | ' | ||
Capital Markets [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 1,327,420 | ' | 1,185,165 | ' | ||
Total trading liabilities - capital markets | 585,969 | ' | 516,970 | ' | ||
Capital Markets [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 1,327,415 | ' | 1,185,160 | ' | ||
Total trading liabilities - capital markets | 585,969 | ' | 516,970 | ' | ||
Capital Markets [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 5 | ' | 5 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | U S Treasury Securities [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 86,986 | ' | 124,722 | ' | ||
Total trading liabilities - capital markets | 312,315 | ' | 350,434 | ' | ||
Capital Markets [Member] | U S Treasury Securities [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | U S Treasury Securities [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 86,986 | ' | 124,722 | ' | ||
Total trading liabilities - capital markets | 312,315 | ' | 350,434 | ' | ||
Capital Markets [Member] | U S Treasury Securities [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 407,876 | ' | 564,425 | ' | ||
Total trading liabilities - capital markets | 521 | ' | 5,125 | ' | ||
Capital Markets [Member] | Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 407,876 | ' | 564,425 | ' | ||
Total trading liabilities - capital markets | 521 | ' | 5,125 | ' | ||
Capital Markets [Member] | Government Agency Issued Mortgage-Backed Securities ("MBS") [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 90,420 | ' | 72,340 | ' | ||
Total trading liabilities - capital markets | 1,024 | ' | 8,096 | ' | ||
Capital Markets [Member] | Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 90,420 | ' | 72,340 | ' | ||
Total trading liabilities - capital markets | 1,024 | ' | 8,096 | ' | ||
Capital Markets [Member] | Government Agency Issued Collateralized Mortgage Obligations ("CMO") [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Other U.S. Government Agencies [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 149,867 | ' | 82,736 | ' | ||
Total trading liabilities - capital markets | 30,253 | ' | 4,439 | ' | ||
Capital Markets [Member] | Other U.S. Government Agencies [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Other U.S. Government Agencies [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 149,867 | ' | 82,736 | ' | ||
Total trading liabilities - capital markets | 30,253 | ' | 4,439 | ' | ||
Capital Markets [Member] | Other U.S. Government Agencies [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | States And Municipalities [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 17,828 | ' | 31,817 | ' | ||
Total trading liabilities - capital markets | 335 | ' | 1,109 | ' | ||
Capital Markets [Member] | States And Municipalities [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | States And Municipalities [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 17,828 | ' | 31,817 | ' | ||
Total trading liabilities - capital markets | 335 | ' | 1,109 | ' | ||
Capital Markets [Member] | States And Municipalities [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Trading Loans [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 145,505 | ' | ' | ' | ||
Capital Markets [Member] | Trading Loans [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | ' | ' | ||
Capital Markets [Member] | Trading Loans [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 145,505 | ' | ' | ' | ||
Capital Markets [Member] | Trading Loans [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | ' | ' | ||
Capital Markets [Member] | Corporate And Other Debt [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 427,564 | ' | 308,314 | ' | ||
Total trading liabilities - capital markets | 237,953 | ' | 146,750 | ' | ||
Capital Markets [Member] | Corporate And Other Debt [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Corporate And Other Debt [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 427,559 | ' | 308,309 | ' | ||
Total trading liabilities - capital markets | 237,953 | ' | 146,750 | ' | ||
Capital Markets [Member] | Corporate And Other Debt [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 5 | ' | 5 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Equity Mutual Funds And Other [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 1,374 | ' | 811 | ' | ||
Total trading liabilities - capital markets | 3,568 | ' | 1,017 | ' | ||
Capital Markets [Member] | Equity Mutual Funds And Other [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Capital Markets [Member] | Equity Mutual Funds And Other [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 1,374 | ' | 811 | ' | ||
Total trading liabilities - capital markets | 3,568 | ' | 1,017 | ' | ||
Capital Markets [Member] | Equity Mutual Funds And Other [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Total trading liabilities - capital markets | 0 | ' | 0 | ' | ||
Mortgage Banking [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 15,714 | ' | 19,201 | ' | ||
Mortgage Banking [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Mortgage Banking [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 5,462 | ' | ||
Mortgage Banking [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 15,714 | ' | 13,739 | ' | ||
Mortgage Banking [Member] | Principal Only Strip [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 5,096 | ' | 5,462 | ' | ||
Mortgage Banking [Member] | Principal Only Strip [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Mortgage Banking [Member] | Principal Only Strip [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 5,462 | ' | ||
Mortgage Banking [Member] | Principal Only Strip [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 5,096 | ' | 0 | ' | ||
Mortgage Banking [Member] | Interest Only Strip [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 10,618 | ' | 13,739 | ' | ||
Mortgage Banking [Member] | Interest Only Strip [Member] | Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Mortgage Banking [Member] | Interest Only Strip [Member] | Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | 0 | ' | 0 | ' | ||
Mortgage Banking [Member] | Interest Only Strip [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||
Trading securities | $10,618 | ' | $13,739 | ' | ||
[1] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[2] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. |
Fair_Value_Of_Assets_And_Liabi4
Fair Value Of Assets And Liabilities (Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Trading Account Assets [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | $15,877 | $14,905 | $17,992 | $18,059 | ||||
Net income | 1,944 | 1,068 | 4,474 | 2,847 | ||||
Other comprehensive income | 0 | 0 | 0 | 0 | ||||
Purchases, assets | 0 | 0 | 0 | 0 | ||||
Issuances, assets | 0 | 0 | 0 | 0 | ||||
Sales, assets | 0 | 0 | 0 | 0 | ||||
Settlements, assets | -2,102 | -2,229 | -6,747 | -7,162 | ||||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | ||||
Ending Balance | 15,719 | 13,744 | 15,719 | 13,744 | ||||
Net unrealized gains/(losses) included in net income | 1,540 | [1] | 707 | [1] | 3,127 | [1] | 1,595 | [1] |
Loans Held For Sale [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | 235,080 | 214,560 | 221,094 | 210,487 | ||||
Net income | -1,805 | -2,799 | -3,940 | -849 | ||||
Other comprehensive income | 0 | 0 | 0 | 0 | ||||
Purchases, assets | 12,338 | 23,561 | 49,847 | 41,313 | ||||
Issuances, assets | 0 | 0 | 0 | 0 | ||||
Sales, assets | 0 | 0 | 0 | 0 | ||||
Settlements, assets | -11,390 | -11,107 | -25,990 | -21,733 | ||||
Net transfers into/(out of) Level 3, assets | -4,463 | [2] | -10,576 | [2] | -11,251 | [3] | -15,579 | [3] |
Ending Balance | 229,760 | 213,639 | 229,760 | 213,639 | ||||
Net unrealized gains/(losses) included in net income | -1,805 | [1] | -2,799 | [1] | -3,940 | [1] | -849 | [1] |
Investment Portfolio [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | 4,354 | 6,162 | 5,253 | 7,262 | ||||
Net income | 0 | 0 | 0 | 0 | ||||
Other comprehensive income | -17 | -25 | -93 | -195 | ||||
Purchases, assets | 0 | 0 | 0 | 0 | ||||
Issuances, assets | 0 | 0 | 0 | 0 | ||||
Sales, assets | 0 | 0 | 0 | 0 | ||||
Settlements, assets | -309 | -435 | -1,132 | -1,365 | ||||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | ||||
Ending Balance | 4,028 | 5,702 | 4,028 | 5,702 | ||||
Net unrealized gains/(losses) included in net income | 0 | 0 | 0 | 0 | ||||
Venture Capital Funds [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | 4,300 | 9,000 | 4,300 | 12,179 | ||||
Net income | 0 | 0 | 0 | 5,071 | ||||
Other comprehensive income | 0 | 0 | 0 | 0 | ||||
Purchases, assets | 0 | 0 | 0 | 0 | ||||
Issuances, assets | 0 | 0 | 0 | 0 | ||||
Sales, assets | 0 | 0 | 0 | -8,250 | ||||
Settlements, assets | 0 | 0 | 0 | 0 | ||||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | ||||
Ending Balance | 4,300 | 9,000 | 4,300 | 9,000 | ||||
Net unrealized gains/(losses) included in net income | 0 | [4] | 0 | [4] | 0 | [4] | 0 | [4] |
Mortgage Servicing Rights Net [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | 113,853 | 129,291 | 114,311 | 144,069 | ||||
Net income | 8,932 | -2,098 | 20,267 | -4,541 | ||||
Other comprehensive income | 0 | 0 | 0 | 0 | ||||
Purchases, assets | 0 | 0 | 0 | 0 | ||||
Issuances, assets | 0 | 0 | 0 | 0 | ||||
Sales, assets | 0 | 0 | 0 | 0 | ||||
Settlements, assets | -6,099 | -6,656 | -17,892 | -18,991 | ||||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | ||||
Ending Balance | 116,686 | 120,537 | 116,686 | 120,537 | ||||
Net unrealized gains/(losses) included in net income | 9,107 | [1] | -2,181 | [1] | 20,424 | [1] | -3,800 | [1] |
Net Derivative Liabilities [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | -2,195 | -3,505 | -2,175 | -11,820 | ||||
Net income | -871 | 10 | -1,522 | -1,601 | ||||
Other comprehensive income | 0 | 0 | 0 | 0 | ||||
Purchases, liabilities | 0 | 0 | 0 | 0 | ||||
Issuances, liabilities | 0 | 0 | 0 | 0 | ||||
Sales, liabilities | 0 | 0 | 0 | 0 | ||||
Settlements, liabilities | 321 | 1,155 | 952 | 11,081 | ||||
Net transfers in/(out) level 3, liabilities | 0 | 0 | 0 | 0 | ||||
Ending Balance | -2,745 | -2,340 | -2,745 | -2,340 | ||||
Net unrealized gains/(losses) included in other expense | -871 | [5] | 10 | [5] | -1,523 | [6] | -1,601 | [6] |
Other Short Term Borrowings [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ||||
Beginning Balance | -12,349 | -12,439 | -11,156 | -14,833 | ||||
Net income | 634 | 854 | -559 | 3,248 | ||||
Other comprehensive income | 0 | 0 | 0 | 0 | ||||
Purchases, liabilities | 0 | 0 | 0 | 0 | ||||
Issuances, liabilities | 0 | 0 | 0 | 0 | ||||
Sales, liabilities | 0 | 0 | 0 | 0 | ||||
Settlements, liabilities | 0 | 0 | 0 | 0 | ||||
Net transfers in/(out) level 3, liabilities | 0 | 0 | 0 | 0 | ||||
Ending Balance | -11,715 | -11,585 | -11,715 | -11,585 | ||||
Net unrealized gains/(losses) included in net income | $634 | [1] | $854 | [1] | ($559) | [1] | $3,248 | [1] |
[1] | Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. | |||||||
[2] | Transfers out of recurring level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring). | |||||||
[3] | 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). | |||||||
[4] | Represents recognized gains and losses attributable to venture capital investments classified within securities available-for-sale that are included in securities gains/(losses) in noninterest income. | |||||||
[5] | Included in Other expense. | |||||||
[6] | Included in Other expense |
Fair_Value_Of_Assets_And_Liabi5
Fair Value Of Assets And Liabilities (Nonrecurring Fair Value Measurements) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | $229,760 | $224,635 | $229,760 | $224,635 | ' | ||||
Loans, net of unearned income | 15,408,556 | 16,523,783 | 15,408,556 | 16,523,783 | 16,708,582 | ||||
Real estate acquired by foreclosure | 71,626 | 70,779 | 71,626 | 70,779 | 60,690 | ||||
Other assets | 238,309 | 357,326 | 238,309 | 357,326 | ' | ||||
Net gains/(losses), Loans, net of unearned income | -1,177 | [1] | -44,608 | [1] | -3,154 | [1] | -61,958 | [1] | ' |
Net gains/(losses), Real estate acquired by foreclosure | -327 | [2] | -2,732 | [2] | -3,279 | [2] | -7,873 | [2] | ' |
Net gains/(losses), Other assets | -1,153 | -3,201 | -4,199 | -6,405 | ' | ||||
Gain (loss) on financial assets measured on non-recurring basis | -2,293 | -51,212 | -10,328 | -76,576 | ' | ||||
Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans, net of unearned income | 85,665 | [1] | 128,626 | [1] | 85,665 | [1] | 128,626 | [1] | ' |
Real estate acquired by foreclosure | 50,030 | [2] | 50,589 | [2] | 50,030 | [2] | 50,589 | [2] | ' |
Other assets | 69,115 | [3] | 76,822 | [3] | 69,115 | [3] | 76,822 | [3] | ' |
Fair Value Inputs Level2 [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 0 | 10,996 | 0 | 10,996 | ' | ||||
Other assets | 198,239 | 319,163 | 198,239 | 319,163 | ' | ||||
Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans, net of unearned income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' |
Real estate acquired by foreclosure | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | ' |
Other assets | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | ' |
Fair Value Inputs Level3 [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 229,760 | 213,639 | 229,760 | 213,639 | ' | ||||
Other assets | 0 | 0 | 0 | 0 | ' | ||||
Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans, net of unearned income | 85,665 | [1] | 128,626 | [1] | 85,665 | [1] | 128,626 | [1] | ' |
Real estate acquired by foreclosure | 50,030 | [2] | 50,589 | [2] | 50,030 | [2] | 50,589 | [2] | ' |
Other assets | 69,115 | [3] | 76,822 | [3] | 69,115 | [3] | 76,822 | [3] | ' |
Fair Value Inputs Level1 [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 0 | 0 | 0 | 0 | ' | ||||
Other assets | 40,070 | 38,163 | 40,070 | 38,163 | ' | ||||
Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans, net of unearned income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' |
Real estate acquired by foreclosure | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | ' |
Other assets | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | ' |
First Mortgage [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Net gains/(losses), Loans held for sale | 364 | -671 | 304 | -355 | ' | ||||
First Mortgage [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 9,632 | 13,467 | 9,632 | 13,467 | ' | ||||
First Mortgage [Member] | Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 0 | 0 | 0 | 0 | ' | ||||
First Mortgage [Member] | Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 9,632 | 13,467 | 9,632 | 13,467 | ' | ||||
First Mortgage [Member] | Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | 0 | 0 | 0 | 0 | ' | ||||
Small Business Administrations [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Net gains/(losses), Loans held for sale | ' | 0 | ' | 15 | ' | ||||
Small Business Administrations [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | ' | 37,429 | ' | 37,429 | ' | ||||
Small Business Administrations [Member] | Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | ' | 37,429 | ' | 37,429 | ' | ||||
Small Business Administrations [Member] | Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | ' | 0 | ' | 0 | ' | ||||
Small Business Administrations [Member] | Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member] | ' | ' | ' | ' | ' | ||||
Fair Value Of Assets And Liabilities [Line Items] | ' | ' | ' | ' | ' | ||||
Loans held-for-sale | ' | $0 | ' | $0 | ' | ||||
[1] | 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. | ||||||||
[2] | 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. | ||||||||
[3] | Represents tax credit investments. |
Fair_Value_Of_Assets_And_Liabi6
Fair Value Of Assets And Liabilities (Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | ||||||||||||||||
Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Derivatives Other [Member] | Derivatives Other [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Recent Purchase Offers [Member] | Recent Capitalization Transactions [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Industry Comparables [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | |||||||||||||||||||||
Fair Value Measurements Nonrecurring [Member] | Fair Value Measurements Nonrecurring [Member] | Derivatives Other [Member] | Derivatives Other [Member] | Interest Only Strip [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Venture Capital Funds [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Short Term Debt [Member] | Short Term Debt [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Real Estate Acquired By Foreclosure [Member] | Real Estate Acquired By Foreclosure [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Venture Capital Funds [Member] | Recent Purchase Offers [Member] | Recent Capitalization Transactions [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Industry Comparables [Member] | Recent Purchase Offers [Member] | Recent Capitalization Transactions [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Discounted Cash Flow [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Appraisals From Comparable Properties [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Other Collateral Valuations [Member] | Industry Comparables [Member] | |||||||||||||||||||||||||||
Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Interest Only Strip [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Zero Percent To Ten Percent Discount [Member] | Zero Percent To Ten Percent Discount [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Six Percent To Ten Percent Values Utilized [Member] | Six Percent To Ten Percent Values Utilized [Member] | Two Percent To Four Percent Values Utilized [Member] | Two Percent To Four Percent Values Utilized [Member] | Fifteen Percent To Twenty Five Percent Added To Credit Spread [Member] | Fifteen Percent To Twenty Five Percent Added To Credit Spread [Member] | Fifty Percent To Sixty Percent Of Upb [Member] | Fifty Percent To Sixty Percent Of Upb [Member] | Zero Percent To Fifteen Percent Of Adjustment To Yield [Member] | Zero Percent To Fifteen Percent Of Adjustment To Yield [Member] | Six Months To Thirty Months [Member] | Ten Percent To Fifty Percent [Member] | Ten Percent To Fifty Percent [Member] | Twenty Five Percent To Thirty Percent Values Utilized [Member] | Twenty Percent To Twenty Five Percent Values Utilized [Member] | Nine Months To Eighteen Months [Member] | Five Percent To Fifteen Percent Of Appraisal [Member] | Zero Percent To Ten Percent Of Appraisal [Member] | Zero Percent To Ten Percent Of Appraisal [Member] | Zero Percent To Ten Percent Of Appraisal [Member] | Zero Percent To Twenty Five Percent Of Appraisal [Member] | Zero Percent To Twenty Five Percent Of Appraisal [Member] | Twenty Percent To Fifty Percent Of Gross Value [Member] | Twenty Percent To Fifty Percent Of Gross Value [Member] | Zero Percent To Twenty Five Percent Of Reported Value [Member] | Zero Percent To Twenty Five Percent Of Reported Value [Member] | Forty Percent To Fifty Percent Discount [Member] | Zero Percent To Ten Percent Discount [Member] | Zero Percent To Ten Percent Discount [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Six Percent To Ten Percent Values Utilized [Member] | Six Percent To Ten Percent Values Utilized [Member] | Two Percent To Four Percent Values Utilized [Member] | Two Percent To Four Percent Values Utilized [Member] | Fifteen Percent To Twenty Five Percent Added To Credit Spread [Member] | Fifteen Percent To Twenty Five Percent Added To Credit Spread [Member] | Fifty Percent To Sixty Percent Of Upb [Member] | Fifty Percent To Sixty Percent Of Upb [Member] | Zero Percent To Fifteen Percent Of Adjustment To Yield [Member] | Zero Percent To Fifteen Percent Of Adjustment To Yield [Member] | Six Months To Thirty Months [Member] | Ten Percent To Fifty Percent [Member] | Ten Percent To Fifty Percent [Member] | Twenty Five Percent To Thirty Percent Values Utilized [Member] | Twenty Percent To Twenty Five Percent Values Utilized [Member] | Nine Months To Eighteen Months [Member] | Five Percent To Fifteen Percent Of Appraisal [Member] | Zero Percent To Ten Percent Of Appraisal [Member] | Zero Percent To Ten Percent Of Appraisal [Member] | Zero Percent To Ten Percent Of Appraisal [Member] | Zero Percent To Twenty Five Percent Of Appraisal [Member] | Zero Percent To Twenty Five Percent Of Appraisal [Member] | Twenty Percent To Fifty Percent Of Gross Value [Member] | Twenty Percent To Fifty Percent Of Gross Value [Member] | Zero Percent To Twenty Five Percent Of Reported Value [Member] | Zero Percent To Twenty Five Percent Of Reported Value [Member] | Forty Percent To Fifty Percent Discount [Member] | |||||||||||||||||||||||||||||||||||||||
Interest Only Strip [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Derivative Financial Instruments Liabilities [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Real Estate Acquired By Foreclosure [Member] | Real Estate Acquired By Foreclosure [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Loans Held For Sale [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Derivative Financial Instruments Liabilities [Member] | Venture Capital Funds [Member] | Venture Capital Funds [Member] | Derivative Financial Instruments Liabilities [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Real Estate Acquired By Foreclosure [Member] | Real Estate Acquired By Foreclosure [Member] | Other Assets Tax Credit Investments [Member] | Other Assets Tax Credit Investments [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Loans Net Of Unearned Income [Member] | Venture Capital Funds [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | Fair Value Inputs Level3 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Inputs Assets Quantitative Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Fair value of retained interests | $1,343,134,000 | $1,262,720,000 | $1,204,366,000 | ' | ' | ' | ' | ' | $15,714,000 | ' | ' | ' | ' | ' | $13,739,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Total MSR recognized by FHN | 116,686,000 | 114,311,000 | 120,537,000 | 144,069,000 | ' | ' | ' | ' | 116,686,000 | 120,537,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Other short-term borrowings | 11,715,000 | ' | 11,585,000 | ' | ' | ' | ' | ' | 11,715,000 | 11,585,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Other Liabilities, Fair Value Disclosure | 165,918,000 | ' | 225,084,000 | ' | ' | ' | 2,746,000 | 2,340,000 | 2,745,000 | 2,340,000 | ' | ' | 2,745,000 | 2,340,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Loans, net of unearned income | ' | ' | ' | ' | ' | ' | ' | ' | 85,665,000 | [1] | 128,626,000 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Loans held-for-sale - mortgage | ' | ' | ' | ' | ' | ' | ' | ' | 239,392,000 | 227,106,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Real estate acquired by foreclosure | 71,626,000 | 60,690,000 | 70,779,000 | ' | 50,030,000 | [2] | 50,589,000 | [2] | ' | ' | ' | ' | 50,030,000 | [2] | 50,589,000 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Securities available for sale | 3,186,943,000 | [3] | 3,061,808,000 | 3,123,629,000 | [4] | ' | ' | ' | ' | ' | 8,328,000 | 14,702,000 | ' | ' | ' | ' | ' | 4,300,000 | 9,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Other assets | 238,309,000 | ' | 357,326,000 | ' | 69,115,000 | [5] | 76,822,000 | [5] | ' | ' | 0 | 0 | 69,115,000 | [5] | 76,822,000 | [5] | ' | ' | ' | ' | ' | 69,115,000 | [5] | 76,822,000 | [5] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Valuation Techniques | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Recent purchase offers | 'Recent capitalization transactions | ' | ' | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | ' | ' | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Discounted cash flow | 'Appraisals from comparable properties | 'Appraisals from comparable properties | 'Appraisals from comparable properties | 'Appraisals from comparable properties | 'Appraisals from comparable properties | 'Appraisals from comparable properties | 'Other collateral valuations | 'Other collateral valuations | 'Industry comparables | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Prepayment Speeds | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | 6.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Loss severity trends | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | 60.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Delinquency adjustment factor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Credit spreads | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Adjustment for preferences in equity tranches | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Visa covered litigation resolution amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,000,000,000 | $5,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4,400,000,000 | $4,400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Probability of resolution scenarios | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Time until resolution | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 months | ' | ' | ' | ' | '18 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | ' | ' | ' | ' | '9 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Adjustment for value changes since appraisal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | ' | 10.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Adjustments to current sales yields for specific properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Marketability adjustments for specific properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | 25.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | 0.00% | 0.00% | ' | ' | ' | ' | ' | ||||||||||||||||
Fair Value Measurements Significant Assumptions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '(a) | [6] | '(a) | [7] | ' | ' | ' | ' | ' | '(a) | [6] | '(a) | [7] | ' | ' | '(b) | [8] | '(b) | [8] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Discount rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Adjustment for minority interest and small business status | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | ||||||||||||||||
Earnings capitalization rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||
Borrowing base certificates adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 20.00% | ' | ' | ' | ||||||||||||||||
Financial statements/auction values adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | ' | ||||||||||||||||
[1] | 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | Represents tax credit investments. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | The unobservable inputs for Principal-only and Interest-only trading securities and MSR are discussed in Note 13 b Loan Sales and Securitizations. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | The unobservable inputs for Interest-only trading securities and MSR are discussed in Note 13 b Loan Sales and Securitizations. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR. |
Fair_Value_Of_Assets_And_Liabi7
Fair Value Of Assets And Liabilities (Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | $229,760 | $224,635 |
Aggregate Unpaid Principal [Member] | Loans Held For Sale Reported At Fair Value [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | 379,123 | 330,900 |
Nonaccrual loans | 147,116 | 92,831 |
Loans 90 days or more past due and still accruing | 19,402 | 21,329 |
Aggregate Unpaid Principal [Member] | Trading Loans Reported At Fair Value [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | 142,311 | ' |
Nonaccrual loans | 0 | ' |
Loans 90 days or more past due and still accruing | 0 | ' |
Fair Value Carrying Amount Less Aggregate Unpaid Principal [Member] | Loans Held For Sale Reported At Fair Value [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | -149,363 | -106,265 |
Nonaccrual loans | -78,000 | -49,433 |
Loans 90 days or more past due and still accruing | -10,356 | -10,848 |
Fair Value Carrying Amount Less Aggregate Unpaid Principal [Member] | Trading Loans Reported At Fair Value [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | 3,194 | ' |
Nonaccrual loans | 0 | ' |
Loans 90 days or more past due and still accruing | 0 | ' |
Carrying Reported Amount Fair Value Disclosure [Member] | Loans Held For Sale Reported At Fair Value [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | 229,760 | 224,635 |
Nonaccrual loans | 69,116 | 43,398 |
Loans 90 days or more past due and still accruing | 9,046 | 10,481 |
Carrying Reported Amount Fair Value Disclosure [Member] | Trading Loans Reported At Fair Value [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Loans held-for-sale | 145,505 | ' |
Nonaccrual loans | 0 | ' |
Loans 90 days or more past due and still accruing | $0 | ' |
Fair_Value_Of_Assets_And_Liabi8
Fair Value Of Assets And Liabilities (Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Mortgage Banking Noninterest Income [Member] | Loans Held For Sale [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Changes in fair value included in net income | ($1,805) | ($2,799) | ($3,940) | ($849) |
Mortgage Banking Noninterest Income [Member] | Other Short-Term Borrowings [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Changes in fair value included in net income | 634 | 854 | -559 | 3,248 |
Capital Market Noninterest Income [Member] | Mortgage Loan Pool Held For Trading [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Changes in fair value included in net income | $1,867 | $0 | $1,867 | $0 |
Fair_Value_Of_Assets_And_Liabi9
Fair Value Of Assets And Liabilities (Summary Of Book Value And Estimated Fair Value Of Financial Instruments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | $15,152,846,000 | $16,431,619,000 | $16,242,039,000 | ||
Total federal funds sold | 52,830,000 | 34,492,000 | 12,425,000 | ||
Securities purchased under agreements to resell | 576,355,000 | 601,891,000 | 517,263,000 | ||
Trading securities | 1,343,134,000 | 1,262,720,000 | 1,204,366,000 | ||
Loans held-for-sale | 371,640,000 | 401,937,000 | 410,550,000 | ||
Securities available for sale | 3,186,943,000 | [1] | 3,061,808,000 | 3,123,629,000 | [2] |
Derivative assets | 215,116,000 | 292,472,000 | 334,025,000 | ||
Total other assets | 238,309,000 | ' | 357,326,000 | ||
Cash and due from banks | 395,631,000 | 469,879,000 | 355,978,000 | ||
Capital markets receivables | 417,743,000 | 303,893,000 | 791,190,000 | ||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 24,193,341,000 | 25,520,140,000 | 25,739,830,000 | ||
Total deposits | 16,283,909,000 | 16,629,709,000 | 16,228,111,000 | ||
Trading liabilities | 585,969,000 | 564,429,000 | 516,970,000 | ||
Total federal funds purchased | 1,062,901,000 | 1,351,023,000 | 1,350,806,000 | ||
Securities sold under agreements to repurchase | 427,232,000 | 555,438,000 | 443,370,000 | ||
Other Short-term Borrowings | 303,686,000 | 441,201,000 | 856,958,000 | ||
Term borrowings | 1,771,288,000 | 2,226,482,000 | 2,263,238,000 | ||
Derivative liabilities | 165,918,000 | 202,269,000 | 225,084,000 | ||
Capital markets payables | 388,373,000 | 296,450,000 | 574,201,000 | ||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 21,760,048,000 | 23,010,934,000 | 23,207,942,000 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 15,152,846,000 | ' | 16,242,039,000 | ||
Total interest-bearing cash | 184,179,000 | ' | 440,916,000 | ||
Total federal funds sold | 52,830,000 | ' | 12,425,000 | ||
Securities purchased under agreements to resell | 576,355,000 | ' | 517,263,000 | ||
Total short-term financial assets | 813,364,000 | ' | 970,604,000 | ||
Trading securities | 1,343,134,000 | [3] | ' | 1,204,366,000 | [3] |
Loans held-for-sale | 371,640,000 | [3] | ' | 410,550,000 | [3] |
Securities available for sale | 3,186,943,000 | [3],[4] | ' | 3,123,629,000 | [3],[5] |
Derivative assets | 215,116,000 | [3] | ' | 334,025,000 | [3] |
Tax credit investments | 69,115,000 | ' | 76,822,000 | ||
Deferred compensation assets | 23,193,000 | ' | 23,301,000 | ||
Total other assets | 92,308,000 | ' | 100,123,000 | ||
Cash and due from banks | 395,631,000 | ' | 355,978,000 | ||
Capital markets receivables | 417,743,000 | ' | 791,190,000 | ||
Accrued interest receivable | 71,889,000 | ' | 85,042,000 | ||
Total nonearning assets | 885,263,000 | ' | 1,232,210,000 | ||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 22,060,614,000 | ' | 23,617,546,000 | ||
Defined maturity | 1,573,405,000 | ' | 1,582,097,000 | ||
Undefined maturity | 14,710,504,000 | ' | 14,646,014,000 | ||
Total deposits | 16,283,909,000 | ' | 16,228,111,000 | ||
Trading liabilities | 585,969,000 | [3] | ' | 516,970,000 | [3] |
Total federal funds purchased | 1,062,901,000 | ' | 1,350,806,000 | ||
Securities sold under agreements to repurchase | 427,232,000 | ' | 443,370,000 | ||
Other Short-term Borrowings | 303,686,000 | ' | 856,958,000 | ||
Total short-term financial liabilities | 1,793,819,000 | ' | 2,651,134,000 | ||
Real estate investment trust-preferred | 45,811,000 | ' | 45,743,000 | ||
Term borrowings - new market tax credit investment | 18,000,000 | ' | 15,301,000 | ||
Borrowings secured by residential real estate | 329,574,000 | ' | 415,975,000 | ||
Other long term borrowings | 1,377,903,000 | ' | 1,786,219,000 | ||
Total other term borrowings | 1,771,288,000 | ' | 2,263,238,000 | ||
Derivative liabilities | 165,918,000 | [3] | ' | 225,084,000 | [3] |
Capital markets payables | 388,373,000 | ' | 574,201,000 | ||
Accrued interest payable | 33,924,000 | ' | 43,184,000 | ||
Total other noninterest-bearing liabilities | 422,297,000 | ' | 617,385,000 | ||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 21,023,200,000 | ' | 22,501,922,000 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 7,655,562,000 | ' | 8,359,909,000 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 1,162,718,000 | ' | 1,202,506,000 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 5,337,221,000 | ' | 5,619,955,000 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 672,138,000 | ' | 779,954,000 | ||
Carrying Reported Amount Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 325,207,000 | ' | 279,715,000 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 14,394,038,000 | ' | 15,574,198,000 | ||
Total interest-bearing cash | 184,179,000 | ' | 440,916,000 | ||
Total federal funds sold | 52,830,000 | ' | 12,425,000 | ||
Securities purchased under agreements to resell | 576,355,000 | ' | 517,263,000 | ||
Total short-term financial assets | 813,364,000 | ' | 970,604,000 | ||
Trading securities | 1,343,134,000 | [3] | ' | 1,204,366,000 | [3] |
Loans held-for-sale | 371,640,000 | [3] | ' | 410,550,000 | [3] |
Securities available for sale | 3,186,943,000 | [3],[4] | ' | 3,123,629,000 | [3],[5] |
Derivative assets | 215,116,000 | [3] | ' | 334,025,000 | [3] |
Tax credit investments | 69,115,000 | ' | 76,822,000 | ||
Deferred compensation assets | 23,193,000 | ' | 23,301,000 | ||
Total other assets | 92,308,000 | ' | 100,123,000 | ||
Cash and due from banks | 395,631,000 | ' | 355,978,000 | ||
Capital markets receivables | 417,743,000 | ' | 791,190,000 | ||
Accrued interest receivable | 71,889,000 | ' | 85,042,000 | ||
Total nonearning assets | 885,263,000 | ' | 1,232,210,000 | ||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 21,301,806,000 | ' | 22,949,705,000 | ||
Defined maturity | 1,591,314,000 | ' | 1,618,019,000 | ||
Undefined maturity | 14,710,504,000 | ' | 14,646,014,000 | ||
Total deposits | 16,301,818,000 | ' | 16,264,033,000 | ||
Trading liabilities | 585,969,000 | [3] | ' | 516,970,000 | [3] |
Total federal funds purchased | 1,062,901,000 | ' | 1,350,806,000 | ||
Securities sold under agreements to repurchase | 427,232,000 | ' | 443,370,000 | ||
Other Short-term Borrowings | 303,686,000 | ' | 856,958,000 | ||
Total short-term financial liabilities | 1,793,819,000 | ' | 2,651,134,000 | ||
Real estate investment trust-preferred | 47,000,000 | ' | 42,300,000 | ||
Term borrowings - new market tax credit investment | 18,025,000 | ' | 16,280,000 | ||
Borrowings secured by residential real estate | 194,905,000 | ' | 353,578,000 | ||
Other long term borrowings | 1,365,535,000 | ' | 1,716,741,000 | ||
Total other term borrowings | 1,625,465,000 | ' | 2,128,899,000 | ||
Derivative liabilities | 165,918,000 | [3] | ' | 225,084,000 | [3] |
Capital markets payables | 388,373,000 | ' | 574,201,000 | ||
Accrued interest payable | 33,924,000 | ' | 43,184,000 | ||
Total other noninterest-bearing liabilities | 422,297,000 | ' | 617,385,000 | ||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 20,895,286,000 | ' | 22,403,505,000 | ||
Loan commitments | 1,722,000 | ' | 1,571,000 | ||
Standby and other commitments | 4,819,000 | ' | 5,333,000 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 7,502,354,000 | ' | 8,138,108,000 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 1,115,304,000 | ' | 1,146,620,000 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 4,859,306,000 | ' | 5,287,039,000 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 589,999,000 | ' | 722,087,000 | ||
Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 327,075,000 | ' | 280,344,000 | ||
Contractual Amount [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Loan commitments | 9,048,424,000 | ' | 7,890,786,000 | ||
Standby and other commitments | 302,160,000 | ' | 371,899,000 | ||
Fair Value Inputs Level1 [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Securities available for sale | 20,267,000 | ' | 13,794,000 | ||
Total other assets | 40,070,000 | ' | 38,163,000 | ||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Total interest-bearing cash | 184,179,000 | ' | 440,916,000 | ||
Total federal funds sold | 0 | ' | 0 | ||
Securities purchased under agreements to resell | 0 | ' | 0 | ||
Total short-term financial assets | 184,179,000 | ' | 440,916,000 | ||
Trading securities | 0 | [3] | ' | 0 | [3] |
Loans held-for-sale | 0 | [3] | ' | 0 | [3] |
Securities available for sale | 20,267,000 | [3] | ' | 13,794,000 | [3] |
Derivative assets | 16,877,000 | [3] | ' | 14,862,000 | [3] |
Tax credit investments | 0 | ' | 0 | ||
Deferred compensation assets | 23,193,000 | ' | 23,301,000 | ||
Total other assets | 23,193,000 | ' | 23,301,000 | ||
Cash and due from banks | 395,631,000 | ' | 355,978,000 | ||
Capital markets receivables | 0 | ' | 0 | ||
Accrued interest receivable | 0 | ' | 0 | ||
Total nonearning assets | 395,631,000 | ' | 355,978,000 | ||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 640,147,000 | ' | 848,851,000 | ||
Defined maturity | 0 | ' | 0 | ||
Undefined maturity | 0 | ' | 0 | ||
Total deposits | 0 | ' | 0 | ||
Trading liabilities | 0 | [3] | ' | 0 | [3] |
Total federal funds purchased | 0 | ' | 0 | ||
Securities sold under agreements to repurchase | 0 | ' | 0 | ||
Other Short-term Borrowings | 0 | ' | 0 | ||
Total short-term financial liabilities | 0 | ' | 0 | ||
Real estate investment trust-preferred | 0 | ' | 0 | ||
Term borrowings - new market tax credit investment | 0 | ' | 0 | ||
Borrowings secured by residential real estate | 0 | ' | 0 | ||
Other long term borrowings | 0 | ' | 0 | ||
Total other term borrowings | 0 | ' | 0 | ||
Derivative liabilities | 9,770,000 | [3] | ' | 12,424,000 | [3] |
Capital markets payables | 0 | ' | 0 | ||
Accrued interest payable | 0 | ' | 0 | ||
Total other noninterest-bearing liabilities | 0 | ' | 0 | ||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 9,770,000 | ' | 12,424,000 | ||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level2 [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Securities available for sale | 2,954,224,000 | ' | 2,897,657,000 | ||
Total other assets | 198,239,000 | ' | 319,163,000 | ||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Total interest-bearing cash | 0 | ' | 0 | ||
Total federal funds sold | 52,830,000 | ' | 12,425,000 | ||
Securities purchased under agreements to resell | 576,355,000 | ' | 517,263,000 | ||
Total short-term financial assets | 629,185,000 | ' | 529,688,000 | ||
Trading securities | 1,327,415,000 | [3] | ' | 1,190,622,000 | [3] |
Loans held-for-sale | 0 | [3] | ' | 48,425,000 | [3] |
Securities available for sale | 2,954,224,000 | [3] | ' | 2,897,657,000 | [3] |
Derivative assets | 198,239,000 | [3] | ' | 319,163,000 | [3] |
Tax credit investments | 0 | ' | 0 | ||
Deferred compensation assets | 0 | ' | 0 | ||
Total other assets | 0 | ' | 0 | ||
Cash and due from banks | 0 | ' | 0 | ||
Capital markets receivables | 417,743,000 | ' | 791,190,000 | ||
Accrued interest receivable | 71,889,000 | ' | 85,042,000 | ||
Total nonearning assets | 489,632,000 | ' | 876,232,000 | ||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 5,598,695,000 | ' | 5,861,787,000 | ||
Defined maturity | 1,591,314,000 | ' | 1,618,019,000 | ||
Undefined maturity | 14,710,504,000 | ' | 14,646,014,000 | ||
Total deposits | 16,301,818,000 | ' | 16,264,033,000 | ||
Trading liabilities | 585,969,000 | [3] | ' | 516,970,000 | [3] |
Total federal funds purchased | 1,062,901,000 | ' | 1,350,806,000 | ||
Securities sold under agreements to repurchase | 427,232,000 | ' | 443,370,000 | ||
Other Short-term Borrowings | 291,971,000 | ' | 845,373,000 | ||
Total short-term financial liabilities | 1,782,104,000 | ' | 2,639,549,000 | ||
Real estate investment trust-preferred | 0 | ' | 0 | ||
Term borrowings - new market tax credit investment | 0 | ' | 0 | ||
Borrowings secured by residential real estate | 0 | ' | 0 | ||
Other long term borrowings | 1,365,535,000 | ' | 1,716,741,000 | ||
Total other term borrowings | 1,365,535,000 | ' | 1,716,741,000 | ||
Derivative liabilities | 153,403,000 | [3] | ' | 210,320,000 | [3] |
Capital markets payables | 388,373,000 | ' | 574,201,000 | ||
Accrued interest payable | 33,924,000 | ' | 43,184,000 | ||
Total other noninterest-bearing liabilities | 422,297,000 | ' | 617,385,000 | ||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 20,611,126,000 | ' | 21,964,998,000 | ||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 0 | ' | 0 | ||
Fair Value Inputs Level3 [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Trading securities | 15,714,000 | ' | ' | ||
Securities available for sale | 8,328,000 | ' | 14,702,000 | ||
Total other assets | 0 | ' | 0 | ||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 14,394,038,000 | ' | 15,574,198,000 | ||
Total interest-bearing cash | 0 | ' | 0 | ||
Total federal funds sold | 0 | ' | 0 | ||
Securities purchased under agreements to resell | 0 | ' | 0 | ||
Total short-term financial assets | 0 | ' | 0 | ||
Trading securities | 15,719,000 | [3] | ' | 13,744,000 | [3] |
Loans held-for-sale | 371,640,000 | [3] | ' | 362,125,000 | [3] |
Securities available for sale | 212,452,000 | [3],[4] | ' | 212,178,000 | [3],[5] |
Derivative assets | 0 | [3] | ' | 0 | [3] |
Tax credit investments | 69,115,000 | ' | 76,822,000 | ||
Deferred compensation assets | 0 | ' | 0 | ||
Total other assets | 69,115,000 | ' | 76,822,000 | ||
Cash and due from banks | 0 | ' | 0 | ||
Capital markets receivables | 0 | ' | 0 | ||
Accrued interest receivable | 0 | ' | 0 | ||
Total nonearning assets | 0 | ' | 0 | ||
Total assets (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 15,062,964,000 | ' | 16,239,067,000 | ||
Defined maturity | 0 | ' | 0 | ||
Undefined maturity | 0 | ' | 0 | ||
Total deposits | 0 | ' | 0 | ||
Trading liabilities | 0 | [3] | ' | 0 | [3] |
Total federal funds purchased | 0 | ' | 0 | ||
Securities sold under agreements to repurchase | 0 | ' | 0 | ||
Other Short-term Borrowings | 11,715,000 | ' | 11,585,000 | ||
Total short-term financial liabilities | 11,715,000 | ' | 11,585,000 | ||
Real estate investment trust-preferred | 47,000,000 | ' | 42,300,000 | ||
Term borrowings - new market tax credit investment | 18,025,000 | ' | 16,280,000 | ||
Borrowings secured by residential real estate | 194,905,000 | ' | 353,578,000 | ||
Other long term borrowings | 0 | ' | 0 | ||
Total other term borrowings | 259,930,000 | ' | 412,158,000 | ||
Derivative liabilities | 2,745,000 | [3] | ' | 2,340,000 | [3] |
Capital markets payables | 0 | ' | 0 | ||
Accrued interest payable | 0 | ' | 0 | ||
Total other noninterest-bearing liabilities | 0 | ' | 0 | ||
Total liabilities (Restricted - $.1 billion on September 30, 2013; September 30, 2012; and December 31, 2012) | 274,390,000 | ' | 426,083,000 | ||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 7,502,354,000 | ' | 8,138,108,000 | ||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 1,115,304,000 | ' | 1,146,620,000 | ||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 4,859,306,000 | ' | 5,287,039,000 | ||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 589,999,000 | ' | 722,087,000 | ||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Total loans, net of unearned income and allowance for loan losses | 327,075,000 | ' | 280,344,000 | ||
FHLB-Cincinnati Stock [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Restricted investments | 128,000,000 | ' | 125,500,000 | ||
FRB Stock [Member] | Fair Value Inputs Level3 [Member] | ' | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ||
Restricted investments | $66,000,000 | ' | $66,000,000 | ||
[1] | Includes $2.9 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[2] | Includes $2.8 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[3] | Classes are detailed in the recurring and nonrecurring measurement tables. | ||||
[4] | Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million. | ||||
[5] | Level 3 includes restricted investments in FHLB-Cincinnati stock of $125.5 million and FRB stock of $66.0 million. |
Restructuring_Repositioning_An2
Restructuring, Repositioning, And Efficiency (Narrative) (Details) (USD $) | 9 Months Ended | 78 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Restructuring, Repositioning, And Efficiency [Abstract] | ' | ' | ' |
Net costs (income) recognized, related to restructuring, repositioning, and efficiency activities | $4,500,000 | $6,200,000 | ' |
Exit costs | 3,000,000 | 4,700,000 | ' |
Severance and other employee costs | 2,600,000 | 4,800,000 | 103,313,000 |
Mortgage banking expense on servicing sales | $2,200,000 | $2,300,000 | $26,002,000 |
Restructuring_Repositioning_An3
Restructuring, Repositioning, And Efficiency (Schedule Of Restructuring And Repositioning Liability) (Details) (USD $) | 9 Months Ended | 78 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Expense [Member] | Expense [Member] | Expense [Member] | Expense [Member] | Liability [Member] | Liability [Member] | Liability [Member] | Liability [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and repositioning reserve balance, Beginning balance | ' | ' | ' | ' | ' | ' | ' | $4,277 | $8,947 | $19,775 | $12,026 |
Severance and other employee related costs | 2,600 | 4,800 | 103,313 | 1,160 | 2,730 | 2,620 | 4,769 | ' | ' | ' | ' |
Severance and other employee cost reserve | ' | ' | ' | ' | ' | ' | ' | 1,160 | 2,730 | 2,620 | 4,769 |
Facility consolidation costs | ' | ' | 41,112 | 38 | 41 | 416 | -134 | ' | ' | ' | ' |
Reserve for facility consolidation costs | ' | ' | ' | ' | ' | ' | ' | 38 | 41 | 416 | -134 |
Other exit costs, professional fees, and other | ' | ' | 19,165 | 0 | 0 | 0 | 111 | ' | ' | ' | ' |
Other exit costs, professional fees, and other | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 111 |
Total accrued Expense | ' | ' | ' | 1,198 | 2,771 | 3,036 | 4,746 | ' | ' | ' | ' |
Total accrued Liability | ' | ' | ' | ' | ' | ' | ' | 5,475 | 11,718 | 22,811 | 16,772 |
Payments related to: Severance and other employee costs | ' | ' | ' | ' | ' | ' | ' | 826 | 5,718 | 17,490 | 8,680 |
Payments related to: Facility consolidation costs | ' | ' | ' | ' | ' | ' | ' | 248 | 529 | 824 | 1,406 |
Payments related to: Other exit costs, professional fees, and other | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 15 |
Accrual reversals | ' | ' | ' | ' | ' | ' | ' | 7 | 17 | 103 | 1,217 |
Restructuring and repositioning reserve balance, Ending balance | ' | ' | ' | ' | ' | ' | ' | 4,394 | 5,454 | 4,394 | 5,454 |
Other restructuring and repositioning expense: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage banking expense on servicing sales | 2,200 | 2,300 | 26,002 | 2,192 | 0 | 2,192 | 2,287 | ' | ' | ' | ' |
(Gains)/losses on divestitures | ' | ' | -722 | -365 | -180 | -1,004 | -865 | ' | ' | ' | ' |
Impairment of premises and equipment | ' | ' | 22,766 | 369 | 0 | 369 | 5 | ' | ' | ' | ' |
Impairment of other assets | ' | ' | 40,504 | 0 | 0 | 0 | 12 | ' | ' | ' | ' |
Other | ' | ' | 7,478 | 0 | 0 | -96 | 0 | ' | ' | ' | ' |
Total other restructuring and repositioning expense | ' | ' | ' | 2,196 | -180 | 1,461 | 1,439 | ' | ' | ' | ' |
Total restructuring and repositioning charges | ' | ' | $315,521 | $3,394 | $2,591 | $4,497 | $6,185 | ' | ' | ' | ' |
Restructuring_Repositioning_An4
Restructuring, Repositioning, And Efficiency (Schedule Of Cumulative Costs Associated With Restructuring, Repositioning, And Efficiency Initiatives) (Details) (USD $) | 9 Months Ended | 78 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 |
Restructuring, Repositioning, And Efficiency [Abstract] | ' | ' | ' |
Severance and other employee costs | $2,600 | $4,800 | $103,313 |
Facility consolidation costs | ' | ' | 41,112 |
Other exit costs, professional fees, and other | ' | ' | 19,165 |
Other restructuring and repositioning expense: | ' | ' | ' |
Loan portfolio divestiture | ' | ' | 7,672 |
Mortgage banking expense on servicing sales | 2,200 | 2,300 | 26,002 |
(Gains)/losses on divestitures | ' | ' | -722 |
Impairment of premises and equipment | ' | ' | 22,766 |
Impairment of intangible assets | ' | ' | 48,231 |
Impairment of other assets | ' | ' | 40,504 |
Other | ' | ' | 7,478 |
Total restructuring and repositioning charges | ' | ' | $315,521 |