Document And Entity Information
Document And Entity Information - Jun. 30, 2015 - shares | Total |
Document And Entity Information [Abstract] | |
Entity Registrant Name | FIRST HORIZON NATIONAL CORP |
Entity Central Index Key | 36,966 |
Document Type | 10-Q |
Document Period End Date | Jun. 30, 2015 |
Amendment Flag | false |
Document Fiscal Year Focus | 2,015 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 234,020,798 |
trading symbol | FHN |
Consolidated Statements of Cond
Consolidated Statements of Condition - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |||
Assets: | ||||||
Cash and due from banks | $ 274,256,000 | $ 349,171,000 | $ 417,108,000 | |||
Federal funds sold | 77,039,000 | 63,080,000 | 51,537,000 | |||
Securities purchased under agreements to resell (Note 15) | 816,991,000 | 659,154,000 | 624,477,000 | |||
Total cash and cash equivalents | 1,168,286,000 | 1,071,405,000 | 1,093,122,000 | |||
Interest-bearing cash | 344,944,000 | 1,621,967,000 | 255,920,000 | |||
Trading securities | 1,133,490,000 | 1,194,391,000 | 1,150,280,000 | |||
Loans held-for-sale | 127,196,000 | [1] | 141,285,000 | 358,945,000 | ||
Securities available-for-sale (Note 3) | 3,648,860,000 | [2] | 3,556,613,000 | 3,576,542,000 | [3] | |
Securities held-to-maturity (Note 3) | 4,306,000 | 4,292,000 | 4,279,000 | |||
Loans, net of unearned income (Note 4) | 16,936,772,000 | [4] | 16,230,166,000 | 15,795,709,000 | ||
Less: Allowance for loan losses (Note 5) | 221,351,000 | 232,448,000 | 243,628,000 | |||
Total net loans | 16,715,421,000 | 15,997,718,000 | 15,552,081,000 | |||
Goodwill (Note 6) | 145,932,000 | 145,932,000 | 141,943,000 | |||
Other intangible assets, net (Note 6) | [5] | 26,922,000 | 29,518,000 | 20,025,000 | ||
Fixed income receivables | 91,069,000 | 42,488,000 | 174,224,000 | |||
Premises and equipment, net | 269,507,000 | 302,996,000 | 300,533,000 | |||
Real estate acquired by foreclosure | 40,268,000 | [6] | 39,922,000 | 57,552,000 | ||
Derivative assets (Note 14) | 115,230,000 | 134,088,000 | 162,067,000 | |||
Other assets | 1,408,336,000 | 1,385,572,000 | 1,370,832,000 | |||
Total assets | 25,239,767,000 | 25,668,187,000 | 24,218,345,000 | |||
Deposits: | ||||||
Savings | 7,462,642,000 | 7,455,354,000 | 6,317,197,000 | |||
Time deposits | 769,132,000 | 831,666,000 | 808,822,000 | |||
Other interest-bearing deposits | 4,675,742,000 | 4,140,991,000 | 4,014,071,000 | |||
Certificates of deposit $100,000 and more | 400,021,000 | 445,272,000 | 503,597,000 | |||
Interest-bearing | 13,307,537,000 | 12,873,283,000 | 11,643,687,000 | |||
Noninterest-bearing | 5,366,936,000 | 5,195,656,000 | 4,513,800,000 | |||
Total deposits | 18,674,473,000 | 18,068,939,000 | 16,157,487,000 | |||
Federal funds purchased | 556,862,000 | 1,037,052,000 | 947,946,000 | |||
Securities sold under agreements to repurchase (Note 15) | 311,760,000 | 562,214,000 | 475,530,000 | |||
Trading liabilities | 732,564,000 | 594,314,000 | 706,119,000 | |||
Other short-term borrowings | 150,350,000 | 157,218,000 | 1,073,250,000 | |||
Term borrowings | 1,557,647,000 | 1,880,105,000 | 1,501,209,000 | |||
Fixed income payables | 54,301,000 | 18,157,000 | 95,299,000 | |||
Derivative liabilities (Note 14) | 109,815,000 | 119,239,000 | 138,336,000 | |||
Other liabilities | 574,090,000 | 649,359,000 | 507,894,000 | |||
Total liabilities | 22,721,862,000 | 23,086,597,000 | 21,603,070,000 | |||
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 June 30, 2015, June 30, 2014 and December 31, 2014) | 95,624,000 | 95,624,000 | 95,624,000 | |||
Common stock - $.625 par value (shares authorized - 400,000,000; shares issued - 234,020,798 on June 30, 2015; 237,146,617 on June 30, 2014; and 234,219,663 on December 31, 2014) | 146,263,000 | 146,387,000 | 148,217,000 | |||
Capital surplus | 1,371,712,000 | 1,380,809,000 | 1,416,012,000 | |||
Undivided profits | 797,123,000 | 851,585,000 | 782,102,000 | |||
Accumulated other comprehensive loss, net (Note 8) | (188,248,000) | (188,246,000) | (122,111,000) | |||
Total First Horizon National Corporation Shareholders' Equity | 2,222,474,000 | 2,286,159,000 | 2,319,844,000 | |||
Noncontrolling interest | 295,431,000 | 295,431,000 | 295,431,000 | |||
Total equity | 2,517,905,000 | 2,581,590,000 | 2,615,275,000 | |||
Total liabilities and equity | $ 25,239,767,000 | $ 25,668,187,000 | $ 24,218,345,000 | |||
[1] | June 30, 2015 includes $20.2 million of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||
[2] | Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[3] | Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . | |||||
[4] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||
[5] | Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete. | |||||
[6] | June 30, 2015 includes $18.7 million of foreclosed residential real estate. |
Consolidated Statements of Con3
Consolidated Statements of Condition (Parenthetical) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |
Real Estate Acquired Through Foreclosure | $ 40,268,000 | [1] | $ 39,922,000 | $ 57,552,000 |
Common stock, par value | $ 0.625 | $ 0.625 | $ 0.625 | |
Common stock, shares authorized | 400,000,000 | 400,000,000 | 400,000,000 | |
Common stock, shares issued | 234,020,798 | 234,219,663 | 237,146,617 | |
Preferred stock, no par value | $ 0 | $ 0 | $ 0 | |
Preferred Stock Liquidation Preference Value | $ 100,000 | $ 100,000 | $ 100,000 | |
Preferred stock, shares authorized | 1,000 | 1,000 | 1,000 | |
Preferred stock, shares issued | 1,000 | 1,000 | 1,000 | |
Residential Real Estate [Member] | ||||
Mortgage Loans In Process Of Foreclosure Amount | $ 28,300,000 | |||
Real Estate Acquired Through Foreclosure | 18,700,000 | |||
Residential Real Estate [Member] | Loans Held For Sale [Member] | ||||
Mortgage Loans In Process Of Foreclosure Amount | $ 20,200,000 | |||
[1] | June 30, 2015 includes $18.7 million of foreclosed residential real estate. |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Interest income: | ||||
Interest and fees on loans | $ 153,283,000 | $ 142,710,000 | $ 297,180,000 | $ 281,367,000 |
Interest on investment securities available-for-sale | 23,288,000 | 23,650,000 | 46,122,000 | 46,784,000 |
Interest on investment securities held-to-maturity | 66,000 | 66,000 | 132,000 | 132,000 |
Interest on loans held-for-sale | 1,350,000 | 3,209,000 | 2,841,000 | 6,424,000 |
Interest on trading securities | 8,951,000 | 7,687,000 | 18,052,000 | 15,792,000 |
Interest on other earning assets | 92,000 | 37,000 | 771,000 | 444,000 |
Total interest income | 187,030,000 | 177,359,000 | 365,098,000 | 350,943,000 |
Interest on deposits: | ||||
Savings | 2,970,000 | 2,792,000 | 6,277,000 | 5,875,000 |
Time deposits | 1,324,000 | 2,486,000 | 2,756,000 | 5,548,000 |
Other interest-bearing deposits | 1,104,000 | 746,000 | 2,061,000 | 1,564,000 |
Certificates of deposit $100,000 and more | 830,000 | 869,000 | 1,712,000 | 1,892,000 |
Interest on trading liabilities | 3,770,000 | 4,087,000 | 7,684,000 | 7,658,000 |
Interest on short-term borrowings | 726,000 | 1,195,000 | 1,772,000 | 2,300,000 |
Interest on term borrowings | 9,666,000 | 8,416,000 | 19,330,000 | 16,979,000 |
Total interest expense | 20,390,000 | 20,591,000 | 41,592,000 | 41,816,000 |
Net interest income | 166,640,000 | 156,768,000 | 323,506,000 | 309,127,000 |
Provision/(provision credit) for loan losses | 2,000,000 | 5,000,000 | 7,000,000 | 15,000,000 |
Net interest income after provision for loan losses | 164,640,000 | 151,768,000 | 316,506,000 | 294,127,000 |
Noninterest income: | ||||
Fixed income | 56,241,000 | 47,680,000 | 117,860,000 | 104,520,000 |
Deposit transactions and cash management | 28,430,000 | 27,911,000 | 54,981,000 | 54,367,000 |
Brokerage, management fees and commissions | 12,456,000 | 12,843,000 | 23,855,000 | 25,119,000 |
Trust services and investment management | 7,416,000 | 7,309,000 | 14,114,000 | 14,053,000 |
Bankcard income | 5,884,000 | 7,919,000 | 11,070,000 | 12,439,000 |
Bank-owned life insurance | 3,391,000 | 3,312,000 | 6,853,000 | 9,344,000 |
Other service charges | 3,043,000 | 3,143,000 | 5,891,000 | 5,988,000 |
Insurance commissions | 654,000 | 611,000 | 1,250,000 | 1,048,000 |
Mortgage banking | 376,000 | 8,861,000 | 1,960,000 | 27,890,000 |
Equity securities gains/(losses), net | 8,000 | (1,923,000) | 284,000 | 3,734,000 |
All other income and commissions (Note 7) | 12,402,000 | 9,235,000 | 21,872,000 | 14,129,000 |
Total noninterest income | 130,301,000 | 126,901,000 | 259,990,000 | 272,631,000 |
Adjusted gross income after provision for loan losses | 294,941,000 | 278,669,000 | 576,496,000 | 566,758,000 |
Noninterest expense: | ||||
Employee compensation, incentives, and benefits (three and six months ended June 30, 2015 include $1.6 million and $3.4 million, respectively, and three and six months ended June 30, 2014 include $1.1 million and $1.7 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) | 127,970,000 | 119,659,000 | 259,414,000 | 238,888,000 |
Occupancy | 11,764,000 | 11,944,000 | 23,982,000 | 29,536,000 |
Computer software | 11,340,000 | 11,087,000 | 22,282,000 | 21,743,000 |
Operations services | 10,033,000 | 8,804,000 | 19,370,000 | 17,786,000 |
Equipment rentals, depreciation, and maintenance | 7,983,000 | 7,442,000 | 15,203,000 | 15,291,000 |
Professional fees | 5,218,000 | 4,618,000 | 8,924,000 | 10,192,000 |
FDIC premium expense | 4,952,000 | 1,136,000 | 8,400,000 | 5,127,000 |
Legal fees | 4,509,000 | 1,533,000 | 8,060,000 | 10,998,000 |
Advertising and public relations | 4,349,000 | 4,312,000 | 9,082,000 | 10,220,000 |
Communications and courier | 3,801,000 | 3,948,000 | 7,677,000 | 8,172,000 |
Contract employment and outsourcing | 3,337,000 | 5,318,000 | 7,921,000 | 9,643,000 |
Amortization of intangible assets | 1,298,000 | 981,000 | 2,596,000 | 1,963,000 |
Foreclosed real estate | 1,329,000 | 439,000 | 1,198,000 | 1,223,000 |
All other expense (Note 7) | 20,511,000 | (18,059,000) | 200,506,000 | 424,000 |
Total noninterest expense | 218,394,000 | 163,162,000 | 594,615,000 | 381,206,000 |
Income/(loss) before income taxes | 76,547,000 | 115,507,000 | (18,119,000) | 185,552,000 |
Provision/(benefit) for income taxes (three and six months months ended June 30, 2015 include $.6 million and $1.3 million, respectively, and three and six months ended June 30, 2014 include $.4 million and $.7 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) | 21,590,000 | 33,578,000 | (671,000) | 53,644,000 |
Net income/(loss) | 54,957,000 | 81,929,000 | (17,448,000) | 131,908,000 |
Net income attributable to noncontrolling interest | 2,851,000 | 2,859,000 | 5,609,000 | 5,672,000 |
Net income/(loss) attributable to controlling interest | 52,106,000 | 79,070,000 | (23,057,000) | 126,236,000 |
Preferred stock dividends | 1,550,000 | 1,550,000 | 3,100,000 | 3,100,000 |
Net income/(loss) available to common shareholders | $ 50,556,000 | $ 77,520,000 | $ (26,157,000) | $ 123,136,000 |
Basic earnings/(loss) per share (Note 9) | $ 0.22 | $ 0.33 | $ (0.11) | $ 0.52 |
Diluted earnings/(loss) per share Note 9) | $ 0.22 | $ 0.33 | $ (0.11) | $ 0.52 |
Weighted average common shares (Note 9) | 232,800,000 | 235,797,000 | 232,808,000 | 235,492,000 |
Diluted average common shares (Note 9) | 234,669,000 | 237,250,000 | 232,808,000 | 237,325,000 |
Cash dividends declared per common share | $ 0.06 | $ 0.05 | $ 0.12 | $ 0.1 |
Consolidated Statements of Inc5
Consolidated Statements of Income (Parenthetical) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Consolidated Condensed Statements Of Income [Abstract] | ||||
Pension and post-retirement plans expense reclassified from accumulated other comprehensive income | $ 1,600,000 | $ 1,100,000 | $ 3,400,000 | $ 1,700,000 |
Income tax benefit reclassified from accumulated other comprehensive income | $ 600,000 | $ 400,000 | $ 1,300,000 | $ 700,000 |
Consolidated Statements Of Comp
Consolidated Statements Of Comprehensive Income - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |||
Components Of Other Comprehensive Income/(Loss) [Abstract] | ||||||
Net income/(loss) | $ 54,957,000 | $ 81,929,000 | $ (17,448,000) | $ 131,908,000 | ||
Unrealized fair value adjustments: | ||||||
Securities available-for-sale | (20,100,000) | 17,358,000 | (2,096,000) | 26,837,000 | ||
Recognized pension and other employee benefit plans net periodic benefit costs | 1,011,000 | 650,000 | 2,094,000 | 1,061,000 | ||
Other comprehensive income/(loss) | (19,089,000) | 18,008,000 | (2,000) | [1] | 27,898,000 | [1] |
Comprehensive income/(loss) | 35,868,000 | 99,937,000 | (17,450,000) | 159,806,000 | ||
Comprehensive income attributable to noncontrolling interest | 2,851,000 | 2,859,000 | 5,609,000 | 5,672,000 | ||
Comprehensive income/(loss) attributable to controlling interest | $ 33,017,000 | $ 97,078,000 | $ (23,059,000) | $ 154,134,000 | ||
[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. |
Consolidated Statements Of Equi
Consolidated Statements Of Equity - USD ($) | Total | Noncontrolling Interest | Controlling Interest | ||
Balance, at Dec. 31, 2013 | $ 2,488,377,000 | $ 295,431,000 | $ 2,192,946,000 | ||
Net income/(loss) | 131,908,000 | 5,672,000 | 126,236,000 | ||
Other comprehensive income/(loss) | 27,898,000 | [1] | 0 | 27,898,000 | [1] |
Comprehensive income/(loss) | 159,806,000 | 5,672,000 | 154,134,000 | ||
Cash dividends declared: | |||||
Preferred stock ($3,100 per share for the six months ended June 30, 2015 and 2014) | (3,100,000) | 0 | (3,100,000) | ||
Common stock ($.12 and $.10 per share for the six months ended June 30, 2015 and 2014, respectively) | (23,875,000) | 0 | (23,875,000) | ||
Common stock repurchased | (4,871,000) | 0 | (4,871,000) | ||
Common stock issued for: | |||||
Stock options and restricted stock-equity awards | 620,000 | 0 | 620,000 | ||
Stock-based compensation expense | 5,687,000 | 0 | 5,687,000 | ||
Dividends declared-noncontrolling interest of subsidiary preferred stock | (5,672,000) | (5,672,000) | 0 | ||
Tax benefit (benefit reversals)-stock-based compensation expense | (1,705,000) | 0 | (1,705,000) | ||
Other changes in equity | 8,000 | 0 | 8,000 | ||
Balance, at Jun. 30, 2014 | 2,615,275,000 | 295,431,000 | 2,319,844,000 | ||
Balance, at Dec. 31, 2014 | 2,581,590,000 | 295,431,000 | 2,286,159,000 | ||
Net income/(loss) | (17,448,000) | 5,609,000 | (23,057,000) | ||
Other comprehensive income/(loss) | (2,000) | [1] | 0 | (2,000) | [1] |
Comprehensive income/(loss) | (17,450,000) | 5,609,000 | (23,059,000) | ||
Cash dividends declared: | |||||
Preferred stock ($3,100 per share for the six months ended June 30, 2015 and 2014) | (3,100,000) | 0 | (3,100,000) | ||
Common stock ($.12 and $.10 per share for the six months ended June 30, 2015 and 2014, respectively) | (28,305,000) | 0 | (28,305,000) | ||
Common stock repurchased | (20,031,000) | [2] | 0 | (20,031,000) | [2] |
Common stock issued for: | |||||
Stock options and restricted stock-equity awards | 4,427,000 | 0 | 4,427,000 | ||
Stock-based compensation expense | 6,474,000 | 0 | 6,474,000 | ||
Dividends declared-noncontrolling interest of subsidiary preferred stock | (5,609,000) | (5,609,000) | 0 | ||
Tax benefit (benefit reversals)-stock-based compensation expense | (91,000) | 0 | (91,000) | ||
Other changes in equity | 0 | 0 | 0 | ||
Balance, at Jun. 30, 2015 | $ 2,517,905,000 | $ 295,431,000 | $ 2,222,474,000 | ||
[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. | ||||
[2] | 2015 includes $ 15.8 million repurchased under t he share repurchase program launched in January 2014 |
Consolidated Statements Of Equ8
Consolidated Statements Of Equity (Parenthetical) - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | ||
Common stock - cash dividends declared per share | $ 0.12 | $ 0.1 | |
Common stock repurchased | $ 20,031,000 | [1] | $ 4,871,000 |
Preferred Stock Dividends Per Share Declared | $ 3,100 | $ 3,100 | |
Stock Repurchase Authorization [Member] | |||
Common stock repurchased | $ 15,800,000 | ||
[1] | 2015 includes $ 15.8 million repurchased under t he share repurchase program launched in January 2014 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flow - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | ||
Operating Activities | |||
Net income/(loss) | $ (17,448,000) | $ 131,908,000 | |
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities: | |||
Provision for loan losses | 7,000,000 | 15,000,000 | |
Provision/(benefit) for deferred income taxes | (1,592,000) | 7,578,000 | |
Depreciation and amortization of premises and equipment | 18,229,000 | 18,016,000 | |
Amortization of intangible assets | 2,596,000 | 1,963,000 | |
Net other amortization and accretion | 11,731,000 | 8,003,000 | |
Net (increase)/decrease in derivatives | (615,000) | 559,000 | |
Fair value adjustment to foreclosed real estate | 1,660,000 | 1,391,000 | |
Litigation and regulatory matters | 162,500,000 | 490,000 | |
Stock-based compensation expense | 6,474,000 | 5,687,000 | |
Tax benefit/(benefit reversal) - stock-based compensation expense | 91,000 | 1,705,000 | |
Equity securities (gains)/losses, net | (284,000) | (3,734,000) | |
(Gains)/losses on extinguishment of debt | 0 | 4,350,000 | |
Loss on deconsolidation of securitization trusts | 0 | 1,960,000 | |
Net (gains)/losses on sale/disposal of fixed assets | (2,872,000) | 2,114,000 | |
Proceeds from sale of mortgage servicing rights | 0 | 69,919,000 | |
Loans held-for-sale: | |||
Purchases | (1,178,000) | (4,582,000) | |
Gross proceeds from settlements and sales | 15,561,000 | 22,071,000 | |
Fair value adjustments and other | (294,000) | (6,282,000) | |
Net (increase)/decrease in: | |||
Trading securities | 59,890,000 | (347,692,000) | |
Fixed income receivables | (48,581,000) | (128,969,000) | |
Interest receivable | 9,955,000 | 2,072,000 | |
Other assets | (48,727,000) | 321,987,000 | |
Net increase/(decrease) in: | |||
Trading liabilities | 138,250,000 | 337,771,000 | |
Fixed income payables | 36,144,000 | 74,126,000 | |
Interest payable | (7,613,000) | (608,000) | |
Other liabilities | (229,785,000) | (146,228,000) | |
Total adjustments | 128,540,000 | 258,667,000 | |
Net cash provided/(used) by operating activities | 111,092,000 | 390,575,000 | |
Available-for-sale securities: | |||
Sales | 284,000 | 4,555,000 | |
Maturities | 327,315,000 | 310,067,000 | |
Purchases | (427,717,000) | (449,425,000) | |
Premises and equipment: | |||
Sales | 40,369,000 | 32,000 | |
Purchases | (15,751,000) | (15,451,000) | |
Net (increase)/decrease in: | |||
Loans | (722,062,000) | (426,934,000) | |
Interests retained from securitizations classified as trading securities | 1,011,000 | 689,000 | |
Interest-bearing cash | 1,277,023,000 | 474,377,000 | |
Net cash provided/(used) by investing activities | 480,472,000 | (102,090,000) | |
Common stock: | |||
Stock options exercised | 4,715,000 | 624,000 | |
Cash dividends paid | (26,020,000) | (23,878,000) | |
Repurchase of shares | (20,031,000) | [1] | (4,871,000) |
Tax benefit/(benefit reversal) - stock-based compensation expense | (91,000) | (1,705,000) | |
Cash dividends paid - preferred stock - noncontrolling interest | (5,703,000) | (5,687,000) | |
Cash dividends paid - Series A preferred stock | (3,100,000) | (3,100,000) | |
Term borrowings: | |||
Payments/maturities | (312,808,000) | (13,615,000) | |
Increases in restricted and secured term borrowings | 0 | 2,089,000 | |
Net cash paid to deconsolidate/collapse securitization trusts | 0 | (225,151,000) | |
Net increase/(decrease) in: | |||
Deposits | 605,867,000 | (578,136,000) | |
Short-term borrowings | (737,512,000) | 830,158,000 | |
Net cash provided/(used) by financing activities | (494,683,000) | (23,272,000) | |
Net increase/(decrease) in cash and cash equivalents | 96,881,000 | 265,213,000 | |
Cash and cash equivalents at beginning of period | 1,071,405,000 | 827,909,000 | |
Cash and cash equivalents at end of period | 1,168,286,000 | 1,093,122,000 | |
Supplemental Disclosures | |||
Total interest paid | 48,734,000 | 41,626,000 | |
Total taxes paid | 14,859,000 | 31,950,000 | |
Total taxes refunded | 215,000 | 1,880,000 | |
Transfer from loans to other real estate owned | $ 8,293,000 | $ 11,505,000 | |
[1] | 2015 includes $ 15.8 million repurchased under the share repurchase program launched in January 2014. |
Consolidated Statements Of Ca10
Consolidated Statements Of Cash Flow (Parenthetical) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | ||
Shares repurchased under the share repurchase program, value | [1] | $ 20,031,000 |
Stock Repurchase Authorization | ||
Shares repurchased under the share repurchase program, value | $ 15,800,000 | |
[1] | 2015 includes $ 15.8 million repurchased under the share repurchase program launched in January 2014. |
Financial Information
Financial Information | 6 Months Ended |
Jun. 30, 2015 | |
Financial Information [Abstract] | |
Financial Information | Notes to the Consolidated Condensed Financial Statements (Unaudited) 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 est imates 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 2015 periods are not necessarily indicative of th e results that may be expected going forward. For further information, refer to the audited consolidated financial statements which were included in the 2014 Annual Report to shareholders, and which were filed as part of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014. Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment i n proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense /( benefit). A reporting entity should evaluate whether the conditions have been met t o apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housin g project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below. As of June 30 As of December 31 (Dollars in thousands, except per share amounts) 2014 2014 2013 Increase/(decrease) to previously reported Consolidated Statements of Condition amounts Other assets $ (4,405) $ (4,700) (5,340) Other liabilities 6,471 4,678 7,034 Undivided profits (10,876) (9,378) (12,374) Three Months Ended Six Months Ended For the Year Ended June 30 June 30 December 31 2014 2014 2014 2013 2012 Increase/(decrease) to previously reported Consolidated Statements of Income amounts Other expense $ (2,170) $ (4,340) $ (8,680) $ (10,082) $ (14,177) Provision/(benefit) for income taxes 1,421 2,842 5,684 12,780 13,234 Income/(loss) available to common shareholders 749 1,498 2,996 (2,698) 943 Diluted earnings/(loss) per share 0.01 0.01 0.01 (0.01) - Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Condensed Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Condensed Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provisio n/(benefit) for income taxes on the Consolidated Condensed Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable. In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer M ortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate collateralizing a consumer mortgage loan, upon eith er (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investme nt in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity is required to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity sh ould apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN adopted the requirements of ASU 2014-04 prospectively and this did not have a material effect on FHN’s statements of condition, results of operation or cash flows. In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mort gage Loan upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual periods, and interim periods within thos e annual periods, beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN adopted the requirements for ASU 201 4-14 prospectively for transactions occurring after its effective date and this did not have a material effect on FHN’s statement of condition, results of operation or cash flows. In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transact ions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a tra nsfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase tr ansactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not execute repurchase-to maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. FHN revised its discl osures upon adoption of ASU 2014-11. Accounting Changes Issued but Not Currently Effective In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The co re principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The effective date of ASU 2014-09 has been deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application as of the ori ginal effective date of annual reporting periods beginning after December 15, 2016, and associated interim periods is permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical exp edients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices. In June 201 4, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, an d that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achieve ment of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN. In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate w hether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2016 and all interim and annual periods ther eafter. The provisions of ASU 2014-15 are not anticipated to affect FHN. In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis.” ASU 2015-02 revises current consolidation guidance to modify the evaluation of whether limi ted partnerships and similar legal entities are variable interest entities. ASU 2015-02 also eliminates the presumption that a general partner should consolidate a limited partnership, revises the consolidation analysis for reporting entities that have fee arrangements and related party relationships with variable interest entities, and provides a scope exception for entities with interests in registered money market funds. ASU 2015-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. FHN has evaluated the provisions of ASU 2015-02 on its consolidation assessments and there will not be a significant effect upon adoption. In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentati on of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct reduction from the carrying value of that debt liability, consistent with debt discounts. ASU 2015-03 requires applica tion on a retrospective basis, with prior periods revised to reflect the effects of adoption. ASU 2015-03 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Consistent with current requireme nts, FHN currently classifies debt issuance costs within Other assets in the Consolidated Condensed Statements of Condition. ASU 2015-03 will have no effect on the recognition of interest expense. |
Acquisitions and Divestitures
Acquisitions and Divestitures | 6 Months Ended |
Jun. 30, 2015 | |
Acquisitions and Divestitures [Abstract] | |
Acquisitions and Divestitures | Note 2 – Acquisitions and Divestitures On October 17, 2014, First Tennessee Bank National Association ("FTBNA") purchased thirteen bank branches in Middle and East Tennessee. The fair value of the acquired assets totaled $ 437.6 million, including $ 413.4 million in cash, $ 7.5 million in fixed assets, and $ 15.7 million of goodwill and intangible assets. FTBNA also assumed $ 437.2 million of deposits associated with these branches. FTBNA paid a deposit premium of 3.32 percent and acquired an immaterial amount of loans as part of the transaction. In relation to the branch acquisition FHN recorded $ 4.0 million in goodwill, representing the excess of the estimated fair value of liabilities assumed over the estimated fair value of the assets acquired ( refer to Note 6 – Intangible Ass ets for additional information), all of which is expected to be deductible for tax purposes. FHN’s operating results for 2015 and 2014 include the impact of branch activity subsequent to the October 17, 2014 closing date. On October 21, 2014, FHN entered into an agreement with TrustAtlantic Financial Corporation (“ TrustAtlantic Financial”) by which TrustAtlantic Financial will merge into a subsidiary of FHN. TrustAtlantic Financial owns all the capital stock of TrustAtlantic Bank. Trust Atlantic Financial and TrustAtlantic Bank are headquartered in Raleigh, North Carolina. TrustAtlantic Bank has five branches located in North Carolina in the communities of Raleigh, Cary and Greenville. On December 16, 2014 the parties entered into an amendment to the merger agreement. The transaction is expected to close in the second half of 2015, subject to regulatory approvals and other customary conditions to closing. In addition to the transactions mentioned above, FHN acquires or divests assets from time to time in tra nsactions that are considered business combinations or divestitures but are not material to FHN individually or in the aggregate. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2015 | |
Investment Securities [Abstract] | |
Investment Securities | Note 3 – Investment Securities The following tables summarize FHN’s investment securities on June 30, 2015 and 2014: June 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Securities available-for-sale ("AFS"): U.S. treasuries $ 100 $ - $ - $ 100 Government agency issued mortgage-backed securities ("MBS") 804,841 29,068 (3,269) 830,640 Government agency issued collateralized mortgage obligations ("CMO") 2,624,151 20,836 (19,701) 2,625,286 Other U.S. government agencies 1,539 21 - 1,560 States and municipalities 9,455 - - 9,455 Equity and other (a) 182,059 - (240) 181,819 Total securities available-for-sale (b) $ 3,622,145 $ 49,925 $ (23,210) $ 3,648,860 Securities held-to-maturity ("HTM"): States and municipalities $ 4,306 $ 1,050 $ - $ 5,356 Total securities held-to-maturity $ 4,306 $ 1,050 $ - $ 5,356 Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 65.8 million. The remainder is money market and cost method investments. Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. June 30, 2014 Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Securities available-for-sale: U.S. treasuries $ 39,995 $ 4 $ - $ 39,999 Government agency issued MBS 724,785 39,679 (1,622) 762,842 Government agency issued CMO 2,582,242 21,211 (34,065) 2,569,388 Other U.S. government agencies 1,973 88 - 2,061 States and municipalities 15,155 - - 15,155 Equity and other (a) 187,106 17 (26) 187,097 Total securities available-for-sale (b) $ 3,551,256 $ 60,999 $ (35,713) $ 3,576,542 Securities held-to-maturity: States and municipalities $ 4,279 $ 1,277 $ - $ 5,556 Total securities held-to-maturity $ 4,279 $ 1,277 $ - $ 5,556 Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments. Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . The amortized cost and fair value by contractual maturity for the available-for-sale and held-to-maturity securities portfolios on June 30, 2015, are provided below: Held-to-Maturity Available-for-Sale Amortized Fair Amortized Fair (Dollars in thousands) Cost Value Cost Value Within 1 year $ - $ - $ 1,539 $ 1,560 After 1 year; within 5 years - - 1,600 1,600 After 5 years; within 10 years - - - - After 10 years 4,306 5,356 7,955 7,955 Subtotal 4,306 5,356 11,094 11,115 Government agency issued MBS and CMO (a) - - 3,428,992 3,455,926 Equity and other - - 182,059 181,819 Total $ 4,306 $ 5,356 $ 3,622,145 $ 3,648,860 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 six months ended June 30: Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Gross gains on sales of securities $ 8 $ 77 $ 284 $ 5,734 Gross losses on sales of securities - - - - Net gain/(loss) on sales of securities (a) 8 77 284 5,734 Venture capital investments (b) - (2,000) - (2,000) Total securities gain/(loss), net $ 8 $ (1,923) $ 284 $ 3,734 Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $ .3 million. Proceeds for the six months ended June 30, 2014 were $ 5.7 million, inclusive of $ 1.4 million of equity securities . Includes write-offs and/or unrealized fair value adjustments related to venture capital investments. The following tables provide information on investments within the available-for-sale portfolio that had unrealized losses as of June 30, 2015 and 2014: As of June 30, 2015 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 $ 845,534 $ (7,734) $ 450,079 $ (11,967) $ 1,295,613 $ (19,701) Government agency issued MBS 233,521 (2,485) 33,582 (784) 267,103 (3,269) Total debt securities 1,079,055 (10,219) 483,661 (12,751) 1,562,716 (22,970) Equity - - 851 (240) 851 (240) Total temporarily impaired securities $ 1,079,055 $ (10,219) $ 484,512 $ (12,991) $ 1,563,567 $ (23,210) As of June 30, 2014 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 $ 437,212 $ (2,276) $ 1,004,964 $ (31,789) $ 1,442,176 $ (34,065) Government agency issued MBS 34,041 (83) 108,491 (1,539) 142,532 (1,622) Total debt securities 471,253 (2,359) 1,113,455 (33,328) 1,584,708 (35,687) Equity 43 (26) - - 43 (26) Total temporarily impaired securities $ 471,296 $ (2,385) $ 1,113,455 $ (33,328) $ 1,584,751 $ (35,713) FHN has reviewed investment securities that were in unrealized loss positions in accordance with its accounting policy for other than temporary impairment (“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 p rimarily attributable to changes in 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 | 6 Months Ended |
Jun. 30, 2015 | |
Loans [Abstract] | |
Loans | Note 4 – Loans The following table provides the balance of loans by portfolio segment as of June 30, 2015 and 2014, and December, 31 2014: June 30 December 31 (Dollars in thousands) 2015 2014 2014 Commercial: Commercial, financial, and industrial $ 9,832,563 $ 8,402,836 $ 9,007,286 Commercial real estate 1,400,715 1,231,513 1,277,717 Retail: Consumer real estate (a) 4,870,271 5,218,930 5,048,071 Permanent mortgage 487,679 594,001 538,961 Credit card & other 345,544 348,429 358,131 Loans, net of unearned income $ 16,936,772 $ 15,795,709 $ 16,230,166 Allowance for loan losses 221,351 243,628 232,448 Total net loans $ 16,715,421 $ 15,552,081 $ 15,997,718 (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information. C OMPONENTS OF THE LOAN PORTFOLIO T he loan portfolio is disaggregated into segments and then further disaggregated into classes for certain disclosures. GAAP defines a portfolio segment as the level at which an entity 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 as sessing 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 (" TRU P S") (i.e. long-term unsecured loans to bank and insurance - related businesses) portfolio and PCI loans . Loans to mortgage companies includes commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mo rtgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within CRE include income CRE , residential CRE and PCI loans . Retail loan portfolio segments include consumer real estate, permanent mortgage, an d 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. Concentrations FHN has a concentration of residential real estate loans ( 32 percent of total loans), the majority of which is in the consumer real estate segment ( 29 percent of total loans). Loans to finance and insurance companies total $ 2. 1 billion ( 2 1 percent of the C&I portfolio , or 12 percent of the total loans). F HN had loans to mortgage companies totaling $1.8 billion ( 18 percent of the C&I segment, or 11 percent of total loans) as of June 30 , 2015 . As a result, 39 percent of the C&I segment was sensiti ve to impacts on the financial services industry. Purchased Credit Impaired Loans The following table presents a rollforward of the accretable yield for the three and six months ended June 30, 2015 and 2014: Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Balance, beginning of period $ 10,468 $ 15,828 $ 14,714 $ 13,490 Additions - 224 - 335 Accretion (1,576) (1,927) (4,948) (3,584) Adjustment for payoffs (760) (489) (2,096) (722) Adjustment for charge-offs - (5) - (69) Increase in accretable yield (a) 216 2,878 678 7,059 Balance, end of period $ 8,348 $ 16,509 $ 8,348 $ 16,509 Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows. At June 30, 2015, the ALLL related to PCI loans was $2.8 million compared to $2.5 million at June 30, 2014. A loan loss provision credit of $.3 million was recognized during the three months ended June 30, 2015 as compared to a loan loss provision expense of $.6 million recognized during the three months ended June 30, 2014. A loan loss provision credit of $.6 million was recognized during the six months ended June 30, 2015 as compared to a loan loss provision expense of $1.7 million recognized during the six months ended June 30, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of June 30, 2015 and 2014, and December 31, 2014: June 30, 2015 June 30, 2014 December 31, 2014 (Dollars in thousands) Carrying value Unpaid balance Carrying value Unpaid balance Carrying value Unpaid balance Commercial, financial and industrial $ 4,870 $ 5,507 $ 6,738 $ 8,256 $ 5,044 $ 5,813 Commercial real estate 20,262 24,830 32,938 45,295 32,553 43,246 Consumer real estate 1,927 2,796 733 1,074 598 868 Credit card and other 9 11 11 16 10 14 Total $ 27,068 $ 33,144 $ 40,420 $ 54,641 $ 38,205 $ 49,941 Impaired Loans The following tables provide information at June 30, 2015 and 2014, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and LOCOM have been excluded. June 30, 2015 Three Months Ended Six Months Ended June 30, 2015 June 30, 2015 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 $ 12,402 $ 15,690 $ - $ 13,016 $ - $ 12,305 $ - Income CRE 4,187 11,262 - 4,198 - 5,283 - Residential CRE - - - - - 287 - Total $ 16,589 $ 26,952 $ - $ 17,214 $ - $ 17,875 $ - Retail: HELOC (a) $ 12,577 $ 30,604 $ - $ 12,588 $ - $ 12,788 $ - R/E installment loans (a) 4,959 6,211 - 4,739 - 4,704 - Permanent mortgage (a) 6,403 8,603 - 6,804 - 7,018 - Total $ 23,939 $ 45,418 $ - $ 24,131 $ - $ 24,510 $ - Impaired loans with related allowance recorded: Commercial: General C&I $ 30,549 $ 37,741 $ 8,117 $ 28,400 $ 237 $ 24,087 $ 490 TRUPS 13,399 13,700 4,810 13,414 - 13,429 - Income CRE 6,788 8,298 533 6,742 33 7,140 63 Residential CRE 1,518 1,886 102 1,571 6 1,534 13 Total $ 52,254 $ 61,625 $ 13,562 $ 50,127 $ 276 $ 46,190 $ 566 Retail: HELOC $ 87,292 $ 89,454 $ 21,967 $ 86,197 $ 461 $ 85,417 $ 909 R/E installment loans 67,269 68,151 19,439 68,330 331 69,227 658 Permanent mortgage 100,754 113,290 17,857 102,194 637 103,555 1,228 Credit card & other 418 418 155 451 4 479 8 Total $ 255,733 $ 271,313 $ 59,418 $ 257,172 $ 1,433 $ 258,678 $ 2,803 Total commercial $ 68,843 $ 88,577 $ 13,562 $ 67,341 $ 276 $ 64,065 $ 566 Total retail $ 279,672 $ 316,731 $ 59,418 $ 281,303 $ 1,433 $ 283,188 $ 2,803 Total impaired loans $ 348,515 $ 405,308 $ 72,980 $ 348,644 $ 1,709 $ 347,253 $ 3,369 All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance. June 30, 2014 Three Months Ended Six Months Ended June 30, 2014 June 30, 2014 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 $ 15,489 $ 17,280 $ - $ 14,809 $ - $ 17,594 $ - TRUPS - - - - - 1,625 - Income CRE 6,838 14,397 - 7,669 - 8,090 - Residential CRE 1,148 1,827 - 574 - 287 - Total $ 23,475 $ 33,504 $ - $ 23,052 $ - $ 27,596 $ - Retail: HELOC (a) $ 17,390 $ 38,216 $ - $ 16,771 $ - $ 16,629 $ - R/E installment loans (a) 7,464 10,009 - 8,932 - 9,818 - Permanent mortgage (a) 7,862 9,785 - 7,858 - 8,007 - Total $ 32,716 $ 58,010 $ - $ 33,561 $ - $ 34,454 $ - Impaired loans with related allowance recorded: Commercial: General C&I $ 32,395 $ 38,331 $ 3,150 $ 30,059 $ 78 $ 26,146 $ 157 TRUPS 3,520 3,700 925 8,535 - 16,057 - Income CRE 8,842 10,214 641 10,331 62 11,214 164 Residential CRE 6,029 11,477 667 6,204 61 6,426 124 Total $ 50,786 $ 63,722 $ 5,383 $ 55,129 $ 201 $ 59,843 $ 445 Retail: HELOC $ 77,283 $ 78,492 $ 17,475 $ 75,285 $ 457 $ 73,539 $ 891 R/E installment loans 74,748 75,634 26,450 74,243 297 73,629 566 Permanent mortgage 111,604 125,012 19,323 112,796 706 113,145 1,429 Credit card & other 524 524 266 648 5 653 16 Total $ 264,159 $ 279,662 $ 63,514 $ 262,972 $ 1,465 $ 260,966 $ 2,902 Total commercial $ 74,261 $ 97,226 $ 5,383 $ 78,181 $ 201 $ 87,439 $ 445 Total retail $ 296,875 $ 337,672 $ 63,514 $ 296,533 $ 1,465 $ 295,420 $ 2,902 Total impaired loans $ 371,136 $ 434,898 $ 68,897 $ 374,714 $ 1,666 $ 382,859 $ 3,347 All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance. Asset Quality Indicators FHN employs a dual grade commercial risk grading methodology to assign an estimate for the probability of default (" PD ") and the loss given default (" 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 correspon ds 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. P D 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 cha racteristics 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 . See Note 5 - Allowance for Loan Losses for further discussion on the credit grading system. The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of June 30, 2015 and 2014. June 30, 2015 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 $ 495,855 $ - $ - $ 554 $ - $ 496,409 4 % $ 126 2 590,328 - - 11,602 41 601,971 5 332 3 484,072 317,856 - 84,178 181 886,287 8 350 4 670,972 366,791 - 96,689 54 1,134,506 10 868 5 1,135,773 304,500 - 213,213 5,288 1,658,774 15 6,372 6 1,223,233 618,616 - 267,983 4,499 2,114,331 20 10,234 7 1,186,480 139,217 - 365,840 2,844 1,694,381 15 13,203 8 749,504 28,068 - 163,904 272 941,748 8 13,942 9 419,687 24,617 - 43,752 383 488,439 4 7,900 10 222,799 - - 27,840 202 250,841 2 5,147 11 179,139 - - 24,010 1,071 204,220 2 5,438 12 76,209 - - 17,884 543 94,636 1 2,704 13 122,862 - 305,382 3,633 287 432,164 4 4,944 14,15,16 109,820 - - 27,045 2,054 138,919 1 12,829 Collectively evaluated for impairment 7,666,733 1,799,665 305,382 1,348,127 17,719 11,137,626 99 84,389 Individually evaluated for impairment 42,951 - 12,785 10,975 1,518 68,229 1 13,562 Purchased credit-impaired loans 5,047 - - 20,612 1,764 27,423 - 2,291 Total commercial loans $ 7,714,731 $ 1,799,665 $ 318,167 $ 1,379,714 $ 21,001 $ 11,233,278 100 % $ 100,242 June 30, 2014 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 $ 366,235 $ - $ - $ - $ - $ 366,235 4 % $ - 2 260,581 - - 3,110 235 263,926 3 245 3 360,700 76,569 - 983 - 438,252 5 307 4 387,884 77,110 - 7,591 - 472,585 5 746 5 760,726 62,031 - 158,071 6,041 986,869 10 2,579 6 991,013 199,651 - 189,927 4,738 1,385,329 14 1,674 7 1,189,915 182,749 - 285,384 6,087 1,664,135 17 2,696 8 771,697 301,174 - 227,419 53 1,300,343 13 2,739 9 686,657 123,423 - 108,523 5,911 924,514 10 5,896 10 375,862 77,058 - 40,228 1,563 494,711 5 5,379 11 361,870 1,517 - 26,275 2,128 391,790 4 8,397 12 136,560 - - 32,356 994 169,910 2 1,857 13 120,903 - 325,882 8,938 2,007 457,730 5 6,435 14,15,16 137,500 - 9,385 49,842 4,944 201,671 2 37,666 Collectively evaluated for impairment 6,908,103 1,101,282 335,267 1,138,647 34,701 9,518,000 99 76,616 Individually evaluated for impairment 47,884 - 3,520 15,680 7,177 74,261 1 5,383 Purchase credit-impaired loans 6,780 - - 33,351 1,957 42,088 - 2,413 Total commercial loans $ 6,962,767 $ 1,101,282 $ 338,787 $ 1,187,678 $ 43,835 $ 9,634,349 100 % $ 84,412 Balances as of June 30 , 2015 and 2014 , each presented net of $ 26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is " 13 ". 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 Corporati on (“FICO”) score, among other attributes, to assess the credit 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 June 30, 2015 and 2014: HELOC June 30, 2015 June 30, 2014 Average Average Average Average (Dollars in thousands) Period End Origination Refreshed Period End Origination Refreshed Origination Vintage Balance FICO FICO Balance FICO FICO pre-2003 $ 46,789 708 703 $ 68,332 708 703 2003 86,928 720 709 120,962 723 710 2004 236,022 723 708 346,431 725 713 2005 382,946 730 718 500,404 732 722 2006 306,652 739 727 365,886 740 728 2007 327,360 744 729 384,391 743 729 2008 183,224 753 748 208,637 753 748 2009 92,774 752 744 110,934 751 745 2010 88,337 754 747 106,954 753 750 2011 86,584 758 751 105,295 759 755 2012 107,715 760 757 128,733 759 759 2013 136,449 757 757 167,149 760 760 2014 120,544 761 763 51,982 760 762 2015 60,176 764 763 - - - Total $ 2,262,500 742 732 $ 2,666,090 741 732 R/E Installment Loans June 30, 2015 June 30, 2014 Average Average Average Average (Dollars in thousands) Period End Origination Refreshed Period End Origination Refreshed Origination Vintage Balance FICO FICO Balance FICO FICO pre-2003 $ 10,180 678 686 $ 18,623 680 683 2003 39,996 713 722 62,823 713 724 2004 34,944 698 697 47,502 700 699 2005 106,185 715 711 141,545 716 712 2006 116,730 712 704 156,538 714 702 2007 175,807 722 708 224,425 724 709 2008 56,222 719 712 74,106 721 714 2009 24,999 736 727 33,506 739 732 2010 82,230 750 760 113,437 748 754 2011 254,298 760 759 309,172 760 759 2012 562,078 764 765 653,179 764 765 2013 443,257 755 757 497,720 757 756 2014 439,744 756 755 220,264 756 754 2015 261,101 757 756 - - - Total $ 2,607,771 749 748 $ 2,552,840 747 744 Permanent Mortgage June 30, 2015 June 30, 2014 Average Average Average Average (Dollars in thousands) Period End Origination Refreshed Period End Origination Refreshed Origination Vintage Balance FICO FICO Balance FICO FICO pre-2004 $ 126,365 722 717 $ 169,338 724 720 2004 14,586 712 711 19,378 713 714 2005 32,187 736 734 37,572 737 737 2006 56,378 732 734 68,693 730 721 2007 176,298 733 717 207,116 733 712 2008 81,865 741 710 91,904 741 704 Total $ 487,679 730 717 $ 594,001 729 713 Nonaccrual and Past Due Loans The following table reflects accruing and non-accruing loans by class on June 30, 2015: 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 $ 7,673,986 $ 4,830 $ 199 $ 7,679,015 $ 13,781 $ 2,536 $ 14,352 $ 30,669 $ 7,709,684 Loans to mortgage companies 1,797,877 1,669 - 1,799,546 - - 119 119 1,799,665 TRUPS (a) 305,382 - - 305,382 - - 12,785 12,785 318,167 Purchased credit-impaired loans 4,153 201 693 5,047 - - - - 5,047 Total commercial (C&I) 9,781,398 6,700 892 9,788,990 13,781 2,536 27,256 43,573 9,832,563 Commercial real estate: Income CRE 1,344,440 2,916 - 1,347,356 1,285 2,041 8,420 11,746 1,359,102 Residential CRE 19,114 123 - 19,237 - - - - 19,237 Purchased credit-impaired loans 22,238 - 138 22,376 - - - - 22,376 Total commercial real estate 1,385,792 3,039 138 1,388,969 1,285 2,041 8,420 11,746 1,400,715 Consumer real estate: HELOC 2,150,344 22,240 9,785 2,182,369 65,345 5,243 9,543 80,131 2,262,500 R/E installment loans 2,557,513 9,172 4,272 2,570,957 27,294 1,873 5,227 34,394 2,605,351 Purchased credit-impaired loans 2,012 4 404 2,420 - - - - 2,420 Total consumer real estate 4,709,869 31,416 14,461 4,755,746 92,639 7,116 14,770 114,525 4,870,271 Permanent mortgage 444,187 5,450 5,569 455,206 15,495 1,981 14,997 32,473 487,679 Credit card & other Credit card 182,477 1,446 1,284 185,207 - - - - 185,207 Other 158,530 873 177 159,580 - - 749 749 160,329 Purchased credit-impaired loans 8 - - 8 - - - - 8 Total credit card & other 341,015 2,319 1,461 344,795 - - 749 749 345,544 Total loans, net of unearned $ 16,662,261 $ 48,924 $ 22,521 $ 16,733,706 $ 123,200 $ 13,674 $ 66,192 $ 203,066 $ 16,936,772 Total TRUPS i nclude s LOCOM valuation allowance of $26.2 million. The following table reflects accruing and non-accruing loans by class on June 30, 2014: 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 $ 6,900,880 $ 9,707 $ 704 $ 6,911,291 $ 13,105 $ 3,850 $ 27,741 $ 44,696 $ 6,955,987 Loans to mortgage companies 1,097,367 3,782 - 1,101,149 - - 133 133 1,101,282 TRUPS (a) 335,267 - - 335,267 - - 3,520 3,520 338,787 Purchased credit-impaired loans 5,226 322 1,232 6,780 - - - - 6,780 Total commercial (C&I) 8,338,740 13,811 1,936 8,354,487 13,105 3,850 31,394 48,349 8,402,836 Commercial real estate: Income CRE 1,134,752 8,044 - 1,142,796 271 133 11,127 11,531 1,154,327 Residential CRE 39,429 - - 39,429 1,297 - 1,152 2,449 41,878 Purchased credit-impaired loans 29,827 259 5,222 35,308 - - - - 35,308 Total commercial real estate 1,204,008 8,303 5,222 1,217,533 1,568 133 12,279 13,980 1,231,513 Consumer real estate: HELOC 2,548,170 19,772 9,677 2,577,619 71,653 5,888 10,930 88,471 2,666,090 R/E installment loans 2,490,461 11,264 7,889 2,509,614 32,881 3,002 6,568 42,451 2,552,065 Purchased credit-impaired loans 775 - - 775 - - - - 775 Total consumer real estate 5,039,406 31,036 17,566 5,088,008 104,534 8,890 17,498 130,922 5,218,930 Permanent mortgage 546,846 5,559 4,573 556,978 16,935 3,410 16,678 37,023 594,001 Credit card & other Credit card 184,014 2,010 1,564 187,588 - - - - 187,588 Other 158,233 937 317 159,487 - - 1,342 1,342 160,829 Purchased credit-impaired loans 12 - - 12 - - - - 12 Total credit card & other 342,259 2,947 1,881 347,087 - - 1,342 1,342 348,429 Total loans, net of unearned $ 15,471,259 $ 61,656 $ 31,178 $ 15,564,093 $ 136,142 $ 16,283 $ 79,191 $ 231,616 $ 15,795,709 Total TRUPS i nclu des LOCOM valuation allowance of $ 26.2 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 le nding 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 fin ancial 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 borrowe r 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 extension of the maturity date, reductions of the interest rate (which may make the rate lower than current market for a new loan with similar risk ) , reductio n or forgiveness 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 , among other things, 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 req uired 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 reduc ed interest rates, reduced payments, release of guarantor, 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 Affor dable 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 yea rs) 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 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-ter m 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. Despite the absence of a loan modification, the discharge of personal liability through bankruptcy proceedings is considered a concession . As a result, FHN classifie s all non-reaffirmed residential real es tate loans discharged in Chapter 7 bankruptcy as nonaccruing TDRs . On June 30 , 2015 and 2014 , FHN had $ 310.6 million and $ 350.9 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $ 61.0 million and $ 6 5.8 million, or 20 percent as of June 30 , 2015 , and 19 percent as of June 30 , 2014 . Additionally, $ 80.8 m illion and $ 139.5 million of loans held-for-sale as of June 30 , 2015 and 2014 , respectively were classified as TDRs. The following tables reflect portfolio loans that were classified as TDRs during the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 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 $ 1,388 $ 1,325 Total commercial (C&I) - - - 2 1,388 1,325 Consumer real estate: HELOC 65 7,237 7,147 102 10,964 10,854 R/E installment loans 22 1,912 1,916 38 3,266 3,293 Total consumer real estate 87 9,149 9,063 140 14,230 14,147 Permanent mortgage 4 1,718 1,733 6 2,039 2,054 Credit card & other 6 20 19 12 48 46 Total troubled debt restructurings 97 $ 10,887 $ 10,815 160 $ 17,705 $ 17,572 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 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 $ 736 $ 522 2 $ 736 $ 522 Total commercial (C&I) 2 736 522 2 736 522 Commercial real estate: Income CRE 2 421 421 2 421 421 Residential CRE 1 976 960 1 976 960 Total commercial real estate 3 1,397 1,381 3 1,397 1,381 Consumer real estate: HELOC 97 8,279 8,557 164 14,069 14,325 R/E installment loans 45 3,132 3,093 117 8,275 8,195 Total consumer real estate 142 11,411 11,650 281 22,344 22,520 Permanent mortgage 12 2,082 2,080 24 6,675 6,167 Credit card & other 14 60 57 34 147 142 Total troubled debt restructurings 173 $ 15,686 $ 15,690 344 $ 31,299 $ 30,732 The following tables present TDRs which re-defaulted during the three and six months ended June 30, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due. Three Months Ended Six Months Ended June 30, 2015 June 30, 2015 Recorded Recorded (Dollars in thousands) Number Investment Number Investment Commercial (C&I): General C&I - $ - - $ - Total commercial (C&I) - - - - Commercial real estate: Income CRE - - - - Residential CRE 1 896 1 896 Total commercial real estate 1 896 1 896 Consumer real estate: HELOC 6 278 7 308 R/E installment loans 1 26 2 112 Total consumer real estate 7 304 9 420 Permanent mortgage - - - - Credit card & other 2 5 3 8 Total troubled debt restructurings 10 $ 1,205 13 $ 1,324 Three Months Ended Six Months Ended June 30, 2014 June 30, 2014 Recorded Recorded (Dollars in thousands) Number Investment Number Investment Commercial (C&I): General C&I - $ - 4 $ 512 Total commercial (C&I) - - 4 512 Commercial real estate: Income CRE - - 2 389 Residential CRE - - - - Total commercial real estate - - 2 389 Consumer real estate: HELOC 2 128 5 339 R/E installment loans 5 305 7 368 Total consumer real estate 7 433 12 707 Permanent mortgage 2 781 2 781 Credit card & other 2 4 2 4 Total troubled debt restructurings 11 $ 1,218 22 $ 2,393 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, a nonaccrual TDR that is reasonably assured of repayment according to its modified terms may be returned to accrual status by FHN upon a de tailed 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 borro wer’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 perfor mance 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 a restructured loan 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 t ime of modification. |
Allowance
Allowance | 6 Months Ended |
Jun. 30, 2015 | |
Loans And Leases Receivable Allowance [Abstract] | |
Allowance | Note 5 - 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 adjustment s by management to reflect current events, trends, and conditions (including economic considerations and trends). The pace of the economic recovery, performance of the housing market, u nemployment levels, labor participation rate, 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 . Additionally, management considers the inherent uncertainty of quantitative models that are driven by historical loss data. Management evaluates the periods of historical losses that are the basis for the loss rates used in the quantitative models and selects historical loss periods that are believed to be the most reflective of losses inherent in the loan portfolio as of the balance sheet date. Management also periodically reviews analysis of the loss emergence period which is the amount of time it takes for a loss to be confirmed (initial charge-off) after a loss event has occurred. FHN performs extensive studies as it relate s to the historical loss periods used in the model and the loss emergence period and model assumptions are adjusted accordingly. The ALLL a lso include s reserves determined in accordance with ASC 310-10-3 5 for loans determined by management to be individual ly impaired and an allowance associated with PCI loans . See Note 1 – Summary of Significant Accounting Policies and Note – 5 Allowance for Loan Losses in the Notes to Consolidated Financial Statements on Form 10-K for the year ended December 31, 2014, for additional information about the policies and methodologies used in the aforementioned components of the ALLL. The following table provides a rollforward of the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2015 and 2014: Commercial Consumer Permanent Credit Card (Dollars in thousands) C&I Real Estate Real Estate Mortgage and Other Total Balance as of April 1, 2014 $ 72,732 $ 15,523 $ 123,409 $ 22,521 $ 13,061 $ 247,246 Charge-offs (5,449) (747) (8,074) (879) (3,615) (18,764) Recoveries 1,517 1,732 5,470 694 733 10,146 Provision/(provision credit) for loan losses (209) (687) (2,768) 1,391 7,273 5,000 Balance as of June 30, 2014 68,591 15,821 118,037 23,727 17,452 243,628 Balance as of January 1, 2014 $ 86,446 $ 10,603 $ 126,785 $ 22,491 $ 7,484 $ 253,809 Charge-offs (11,256) (1,374) (20,338) (3,097) (7,391) (43,456) Recoveries 3,119 2,011 10,444 1,272 1,429 18,275 Provision/(provision credit) for loan losses (9,718) 4,581 1,146 3,061 15,930 15,000 Balance as of June 30, 2014 68,591 15,821 118,037 23,727 17,452 243,628 Allowance - individually evaluated for impairment 4,075 1,308 43,925 19,323 266 68,897 Allowance - collectively evaluated for impairment 64,473 12,143 74,071 4,404 17,185 172,276 Allowance - purchase credit impaired loans 43 2,370 41 - 1 2,455 Loans, net of unearned as of June 30, 2014: Individually evaluated for impairment 51,404 22,857 176,885 119,466 524 371,136 Collectively evaluated for impairment 8,344,652 1,173,348 5,041,270 474,535 347,893 15,381,698 Purchased credit-impaired loans 6,780 35,308 775 - 12 42,875 Total loans, net of unearned $ 8,402,836 $ 1,231,513 $ 5,218,930 $ 594,001 $ 348,429 $ 15,795,709 Balance as of April 1, 2015 $ 67,652 $ 17,665 $ 109,245 $ 20,186 $ 13,580 $ 228,328 Charge-offs (4,976) (888) (6,903) (809) (5,858) (19,434) Recoveries 926 153 7,851 671 856 10,457 Provision/(provision credit) for loan losses 15,148 4,562 (24,736) 2,329 4,697 2,000 Balance as of June 30, 2015 78,750 21,492 85,457 22,377 13,275 221,351 Balance as of January 1, 2015 $ 67,011 $ 18,574 $ 113,011 $ 19,122 $ 14,730 $ 232,448 Charge-offs (8,531) (1,675) (15,440) (1,993) (9,794) (37,433) Recoveries 2,879 844 12,575 1,289 1,749 19,336 Provision/(provision credit) for loan losses 17,391 3,749 (24,689) 3,959 6,590 7,000 Balance as of June 30, 2015 78,750 21,492 85,457 22,377 13,275 221,351 Allowance - individually evaluated for impairment 12,927 635 41,406 17,857 155 72,980 Allowance - collectively evaluated for impairment 65,646 18,743 43,558 4,520 13,120 145,587 Allowance - purchased credit-impaired loans 177 2,114 493 - - 2,784 Loans, net of unearned as of June 30, 2015: Individually evaluated for impairment 55,736 12,493 172,097 107,157 418 347,901 Collectively evaluated for impairment 9,771,780 1,365,846 4,695,754 380,522 345,118 16,559,020 Purchased credit-impaired loans 5,047 22,376 2,420 - 8 29,851 Total loans, net of unearned $ 9,832,563 $ 1,400,715 $ 4,870,271 $ 487,679 $ 345,544 $ 16,936,772 |
Intangible Assets
Intangible Assets | 6 Months Ended |
Jun. 30, 2015 | |
Goodwill And Intangible Assets Disclosure [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, 2013 $ 141,943 $ 21,988 Amortization expense - (1,963) June 30, 2014 $ 141,943 $ 20,025 December 31, 2014 $ 145,932 $ 29,518 Amortization expense - (2,596) June 30, 2015 $ 145,932 $ 26,922 (a ) Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete. The gross carrying amount and accumulated amortization of other intangible assets subject to amortization is $ 70.3 million and $ 43.4 million , respectively on June 30 , 2015 . Estimated aggregate amortization expense is expected to be $ 2.6 million for the remainder of 2015, and $ 5.0 million, $ 4.7 million, $ 4.5 million, $ 4.2 million, and $ 1.5 million for the twelve-month periods of 2016, 2017, 20 18, 2019, and 2020, respectively. No goodwill is carried in the Corporate and Non-strategic segments. Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning January 1, 2012, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. Gross goodwill of $200.0 million with accumulated impairments and accumulated divestiture related write-offs of $114.1 million and $85.9 million, respectively, were previously allocated to the non-strategic segment, resulting in $0 net goodwill allocated to the non-strategic segment as of June 30, 2014 and 2015. The regional bank and fixed income segments do not have any accumulated impairments or divestiture related write-offs. The following is a summary of goodwill by reportable segment included in the Consolidated Condensed Statements of Condition as of June 30, 2014 and 2015. Regional Fixed (Dollars in thousands) Banking Income Total December 31, 2013 $ 43,939 $ 98,004 $ 141,943 Additions - - - Impairments - - - Divestitures - - - Net change in goodwill during 2014 - - - June 30, 2014 $ 43,939 $ 98,004 $ 141,943 December 31, 2014 $ 47,928 $ 98,004 $ 145,932 Additions - - - Impairments - - - Divestitures - - - Net change in goodwill during 2015 - - - June 30, 2015 $ 47,928 $ 98,004 $ 145,932 |
Other Income And Other Expense
Other Income And Other Expense | 6 Months Ended |
Jun. 30, 2015 | |
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 Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 All other income and commissions: ATM interchange fees $ 3,025 $ 2,746 $ 5,786 $ 5,243 Letter of credit fees 1,532 1,173 2,655 2,836 Electronic banking fees 1,459 1,535 2,887 3,069 Deferred compensation (a) (35) 1,184 998 1,841 Gain/(loss) on extinguishment of debt - - - (4,350) Other 6,421 2,597 9,546 5,490 Total $ 12,402 $ 9,235 $ 21,872 $ 14,129 All other expense: Other insurance and taxes $ 3,455 $ 3,209 $ 6,784 $ 6,269 Travel and entertainment 2,632 2,645 4,246 4,469 Customer relations 1,505 1,680 2,819 2,923 Employee training and dues 1,449 1,200 2,581 2,066 Supplies 880 804 1,807 1,920 Miscellaneous loan costs 734 839 1,095 1,553 Tax credit investments 549 862 944 1,187 Litigation and regulatory matters - (38,200) 162,500 (38,110) Other 9,307 8,902 17,730 18,147 Total $ 20,511 $ (18,059) $ 200,506 $ 424 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1-Financial Information for addition information. Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense. |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive Income Balances | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [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 six months ended June 30, 2015: (Dollars in thousands, unless otherwise noted) Unrealized Gain/(Loss) On Securities Available-For-Sale Pension and Post Retirement Plans Total Balance as of April 1, 2015 $ 36,585 $ (205,744) $ (169,159) Other comprehensive income before reclassifications, Net of tax benefit of $12.7 million for unrealized gain/(loss) on securities available-for-sale (20,100) - (20,100) Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.6 million for pension and post retirement plans - 1,011 1,011 Net current period other comprehensive income, Net of tax benefit of $12.7 million and tax expense of $.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively (20,100) 1,011 (19,089) Balance as of June 30, 2015 $ 16,485 $ (204,733) $ (188,248) Balance as of January 1, 2015 $ 18,581 $ (206,827) $ (188,246) Other comprehensive income before reclassifications, Net of tax benefit of $1.3 million for unrealized gain/(loss) on securities available-for-sale (2,096) - (2,096) Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $1.3 million for pension and post retirement plans - 2,094 2,094 Net current period other comprehensive income, Net of tax benefit of $1.3 million and tax expense of $1.3 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively (2,096) 2,094 (2) Balance as of June 30, 2015 $ 16,485 $ (204,733) $ (188,248) The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2014: (Dollars in thousands, unless otherwise noted) Unrealized Gain/(Loss) On Securities Available-For-Sale Pension and Post Retirement Plans Total Balance as of April 1, 2014 $ (1,762) $ (138,357) $ (140,119) Other comprehensive income before reclassifications, Net of tax expense of $10.9 million for unrealized gain/(loss) on securities available-for-sale 17,358 - 17,358 Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.4 million for pension and post retirement plans - 650 650 Net current period other comprehensive income, Net of tax expense of $10.9 million and $.4 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively 17,358 650 18,008 Balance as of June 30, 2014 $ 15,596 $ (137,707) $ (122,111) Balance as of January 1, 2014 $ (11,241) $ (138,768) $ (150,009) Other comprehensive income before reclassifications, Net of tax expense of $16.8 million for unrealized gain/(loss) on securities available-for-sale 26,837 - 26,837 Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.7 million for pension and post retirement plans - 1,061 1,061 Net current period other comprehensive income, Net of tax expense of $16.8 million and $.7 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively 26,837 1,061 27,898 Balance as of June 30, 2014 $ 15,596 $ (137,707) $ (122,111) |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 9 – Earnings Per Share The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding: Three Months Ended Six Months Ended June 30 June 30 (Dollars and shares in thousands, except per share data) 2015 2014 2015 2014 Net income/(loss) $ 54,957 $ 81,929 $ (17,448) $ 131,908 Net income attributable to noncontrolling interest 2,851 2,859 5,609 5,672 Net income/(loss) attributable to controlling interest 52,106 79,070 (23,057) 126,236 Preferred stock dividends 1,550 1,550 3,100 3,100 Net income/(loss) available to common shareholders $ 50,556 $ 77,520 $ (26,157) $ 123,136 Weighted average common shares outstanding - basic 232,800 235,797 232,808 235,492 Effect of dilutive securities 1,869 1,453 - 1,833 Weighted average common shares outstanding - diluted 234,669 237,250 232,808 237,325 Net income/(loss) per share available to common shareholders $ 0.22 $ 0.33 $ (0.11) $ 0.52 Diluted income/(loss) per share available to common shareholders $ 0.22 $ 0.33 $ (0.11) $ 0.52 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information. For the three months ended June 30, 2015, the dilutive effect for all potential common shares was 1.9 million. For the six months ended June 30, 2015 all potential common shares were antidilutive due to the net loss attributable to commo n shareholders. T he dilutive effect for all potential common shares was 1.5 million and 1.8 million for the three and six months ended June 30, 2014, respectfully. Stock options of 3.6 million and 5.6 million with weighted average exercise prices of $ 24.26 and $ 21.17 per s hare for the three months ended June 30, 2015 and 2014, respectively, were excluded from diluted shares because including such shares would be antidilutive . Stock options of 7.8 million and 4.8 million with weighted average exercise prices of $ 17.17 and $ 2 4.26 per share for the six months ended June 30, 2015 and 2014, respectfully, were also excluded from diluted shares. Other equity awards of 2.2 million for the six months ended June 30, 2015, we re excluded from diluted shares because including such shares would have been antidilutive . |
Contingencies And Other Disclos
Contingencies And Other Disclosures | 6 Months Ended |
Jun. 30, 2015 | |
Commitments And Contingencies Disclosure Abstract | |
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 fed eral, state, and local regulators, from other government authorities, and from other parties 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 in those matters. Pending and threatened litigation matters sometimes are resolved in court or before an arbitrator, and sometimes are settled by the parties. Regardless of the manner of resolution, frequently the most significant changes in status of a matte r occur over a short time period, often following a lengthy period of little substantive activity. 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 may be possible but have not been brought, FHN cannot reasonably determine what the eventual outcome of the pending matters will be, what th e 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 presc ribed by applicable financial accounting guidance. If loss for a matter is probable and a range of possible loss outcomes is t he best estimate available, accounting guidance requires a liability to be established at the low end of the range. Based on current knowledge, and after consultation with counsel, management is of the opinion that loss contingencies related to 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 – Loss Contingencies As used in this Note, "material loss contingency matters" generally fall into at le ast one of 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 set tled or otherwise substantially resolved; (ii) FHN has determined material loss to be probable but is not reasonably able to estimate an amount or range of material loss liability; or (iii) FHN has determined that material loss is not probable but is rea sonably possible, and that the amount or range of that material loss is estimable. As defined in applicable accounting guidance, loss is reasonably possible if there is more than a remote chance of a material loss outcome for FHN. Set forth below are discl osures for certain pending or threatened litigation matters, including all matters mentioned in (i) or (ii) and certain matters mentioned in (iii). In addition, certain other matters are discussed relating to FHN's former mortgage origination and servicing businesses. In all litigation matters discussed, unless settled or otherwise 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 matt ers progress. At June 30 , 2015 , the aggregate amount of liabilities established for all material loss contingency matters was $ 6.3 million . The liabilities discussed in this paragraph are separate from those discussed under the heading "Established Repu rchase Liability" below. In each material loss contingency matter, 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 preva il; the plaintiff will prevail in part; or the matter will be settled by the parties. At June 30 , 2015 , FHN estimates that for all material loss contingency matters, estimable reasonably possible losses in future periods in excess of currently establish ed liabilities could aggregate in a range from zero to approximately $ 7 5 million. As a result of the general uncertainties discussed above and the specific uncertainties discussed for each matter mentioned below, it is possible that the ultimate future l oss experienced by FHN for any particular matter may materially exceed the amount, if any, of currently established liability for that matter. That possibility exists both for matters included in the estimated reasonable possible loss (“RPL”) range mention ed above and for matters not included in that range. Certain 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 damage s, among other things. FHN's estimate of RPL 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 remed ies that might be available or awarded; the ultimate outcome of potentially significant motions such as motions to dismiss, or for summary judgment; and the incomplete status of the discovery process. RPL-Included First Horizon Branded Mortgage Securitiza tion 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 RPL. Those estimable matters are the Ch arles Schwab, FDIC (NY), and FDIC (AL) cases. The estimates for those matters are included in the RPL range discussed above. The RPL estimates are subject to significant uncertainties regarding: the dollar amounts claimed; the potential remedies that migh t be available or awarded; the outcome of any settlement discussions; the outcome of potentially significant motions; the availability of significantly dispositive defenses; the incomplete status of the discovery process; and the lack of precedent claim s. Certain Matters Not Included in Reasonably Possible Loss Range 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 RPL as mentioned in the preceding paragraph, and for others FHN has not. Those matters for which RPL currently is not estimable are the F HLB of San Francisco, Metropolitan Life, Royal Park, Integra REC and Tennessee Consolidated Retirement System indemnity cases. FHN is unable to estimate an RPL range due to significant uncertainties regarding: claims as to which the claimant specifies no d ollar 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 incomplete status of the discovery process; the lack of a precise statement of damages; and lack of precedent claims. Litigation – Gain Contingencies In second quarter 2015 FHN reached an agreement with the U.S. Department of Justice (“DOJ”) and the Office of the Inspector General for the Department of Housing and Urban Development ("HU D”) to settle potential claims related to FHN’s underwriting and origination of loans insured by the Federal Housing Administration (“FHA”). Under that agreement FHN paid $ 212.5 million . FHN believes that certain insurance policies, having an aggregate policy limit of $ 75 million , provide coverage for F HN’s losses and related costs. The insurers have denied and/or reserved rights to deny coverage. FHN has brought suit against the insurers to enforce the policies under Tennessee law. In connection with this litigation the previously recognized expenses as sociated with the settled matter may be recouped in part. Under applicable financial accounting guidance FHN has determined that although material gain from this litigation is not probable there is more than a slight chance of a material gain outcome for F HN. FHN cannot determine a probable outcome that may result from this matter because of the uncertainty of the potential outcomes of the legal proceedings and also due to significant uncertainties regarding: legal interpretation of the relevant contracts; potential remedies that might be available or awarded; and lack of discovery. 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 “certifica tes,” 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 co-defendants, is defending several lawsuits brought by investors w hich 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 ) Charles Schw ab Corp. in the Superior Court of San Francisco, California (Case No. 10-501610) ; (2) 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); a nd (3) FDIC as 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 underwrit ing agreements, that FHN indemnify them for their expenses and any losses they may incur. In addition, FHN has received indemnity demands from underwriter s in certain other suit s as to which investor s claim to have purchased certificate s in FH proprietary securitizations . FHN has not been named a defendant in these suits, which FHN is defending indirectly as indemnitor. The plaintiff s and venue s of these other indemnity-only suit s are : (4) FHLB of San Francisco, in the Superior Court of San Francisco County , California (Case No. CGC-10-497840); (5) Metropolitan Life Insurance Co., in the Supreme Court of New York County, New York (No. 651360-2012); (6) Royal Park Invs . SA/NV, in the Supreme Court of New York County, New York (No. 652607-2012); (7) Commonweal th of Virginia ex rel. Integra REC LLC, in the Circuit Court for the City of Richmond (No. CL14-399); and (8) Tennessee Consolidated Retirement System, in the Chancery Court for Davidson County, Tennessee (No. 13-1729-II). Details concerning the original purchase amounts and ending balances of the investments at issue in most of 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 per formance 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 securitization s in which they invested . Reporting by the trustee is at a certificate level and , as a result, ending certificate balances in th e following table were adjusted to reflect FHN's estimate of the ending balance of each partial certificate purchased by these p laintiffs. Plaintiffs in the pending lawsuits claim to have purchased a total of $ 195.7 million of certificates and the purchase prices of the certificates subject to the indemnification requests total $ 613.9 million . (Dollars in thousands) Alt-A Jumbo Vintage Original Purchase Price: 2005 $ 202,417 $ - 2006 325,613 32,540 2007 199,012 50,000 Total $ 727,042 $ 82,540 Ending Balance per the June 25, 2015, trust statements: 2005 $ 46,314 $ - 2006 82,097 7,614 2007 79,024 14,020 Total $ 207,435 $ 21,634 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 total ending certificate balance of the investments which are the subject of the current pending lawsuits was $ 229.1 million as reported on the June 25 , 2015 , trust statements, with approximately 85 percent of the remaining balances performing. Cumulative los ses 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 pu rchased. Ending certificate balances reflect the r emaining 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 princip al and interest amounts advanced by the servicer due to nonpayment by the borrowers ; reimbursement of those advances to the servicer may increa se 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 below under “Legacy Home Loan Sales and Servicing,” other investors may attempt to pursue similar claims, and securitization trustees or other parties may attempt to pursue loan repurchase, make-whole, or indemnity claims. At June 30 , 2015 , except for the Charles Schwab case, FHN had not recognized a liability for exp osure for investment rescission, loan repurchase, damages, or other actual or potential claims a rising from FHN’s previous securitization and related activities. 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. Sales typically were effected either as non-recourse whole - loan sales or through non-recourse proprietary securitizations. Conventional conforming single-family residen tial mor tgage loans were sold predominant ly to two government-sponsored entities (” 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 GS Es or insurance through Ginnie Mae , were sold to investors, or certificate-holders, predominant ly through First Horizon ("FH") branded 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 throu gh whole - loan sales to private purchasers and, to a lesser extent, through FH proprietary securitizations. On August 31, 2008 FHN sold its national mortgage origination 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 to have its remaining ser vicing obligations sub-serviced . Since the 2008 platform sale FHN has sold substantially all rema ining servicing assets and obligations. FHN also sold certain Agency mortgage loans with full recourse under agreements to rep urchase the loans upon default, and originated or underwrote mortgage loans under the FHA insurance program mentioned above or the Veteran’s Administration (“VA”) guaranty program. After the 2008 sale these lending activities continued but were substantially curtailed. Agency Whole-Loan Sales Even though Agency loans were sold without recourse for credit loss , FHN may be obligated to either repurchase a loan for the unpaid principal balance (" UPB ") or make the purchaser whole for the economic loss incurred if FHN breached representations or warranties made by FHN to the purchaser at the time of the sale . Such representatio ns and warranties typically covered both substantive and process matters, such as the existence and sufficiency of file documentation and the absence of fraud by borrowers or other t hird parties such as appraisers . Since the mortgage platform sale in 2008 , A gencies , primarily the two GSEs , have accounted for the vast majority of repurchase /make-whole claims received. In the fourth quarter of 2013 FHN entered into a definitive resolution agreement ("DRA") with Fannie Mae , and in the first quarter of 2014 FHN entered into a DRA with Freddie Mac, in each case resolving certain legacy selling representation and warranty repurchase obligations associated with loans originated from 2000 to 2008 excluding certain loans FHN no longer serviced at the time of the DRA. Under each DRA , FHN remains responsible for repurchase obligations related to certain excluded defects (such as title defects and violations of the GSE's Charter Act) and FHN continues to have obligations related to mortgage insurance rescissions, cancell ations , and denials. With respect to 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. As a result of the DRAs, the repurchase pipeline overall is smaller, and the proportion of GSE-related repurchase requests in the pipeline also is smaller, than in periods pre-dating the DRAs. FHN’s repurchase liability as of June 30 , 2015 contemplates, among other things, est imates of FHN’s repurchase exposure related to loans excluded from the DRA s and estimates of FHN’s repurchase exposure related to certain other whole-loan sales . See "Other Whole-Loan Sales" and “Established Repurchase Liability” below for additional infor mation. Other Whole-Loan Sales Prior to the 2008 divestiture FHN also sold first lien mortgage loans 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 June 30 , 2015 , 51 percent of repurchase /make-whole claims in the repurchase pipeline relate to other 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 their own securitizations, not using the First Horizon brand. FHN’s contractual representations and warranties to these loan purchasers generally included repurch ase and indemnity covenants for losses and expenses applicable to the securitization caused by FHN’s breach. Currently the following categories of legal actions are pending which involve FHN and non-Agency whole-loan sales: (i) FHN has received indemnifica tion 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 or make-whole demands from purcha sers or their assignees; and (iv) FHN is a defendant in certain 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. First Horizon Branded Proprietary Mortgage Securitizations From 2005 throu gh 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 inv estors through 80 proprietary securitization trusts under the FH brand. Securitized l oans generally were sold indirectly to investors as interests, commonly known as certificates, in the trusts. The certificates were sold to a variety of investors, including GSEs in some cases, through securities offerings under a prospectus or other offer ing documents. In most cases, the certificates were tiered into different risk classes, with junior classes exposed to trust losses first and senior classes exposed after junior classes were exhausted. Through third quarter 2013, FHN continue d to service s ubstantially all of the remaining loans sold through FH proprietary securitizations . In 2013 FHN contracted to sell substantially all such servicing rights and obligations, with transfers occurring largely in fourth quarter 2013 and first quarter 2014. As of June 30 , 2015 , the aggregate remaining UPB in active FH proprietary securitizations from 2005 through 2007 was $ 5.5 billion consisting of $ 3.9 billion Alt-A mortgage loans and $ 1. 7 billion Jumbo mortgage loans. No FH proprietary securitizations were created after 2007 . Representations and warranties were made to the securitization trustee , as the nominal purchaser of the loans, for the ben efit of investors. As of June 30 , 2015 , the repurchase request pipeline contained no loan repurchase request r elated to FH proprietary first lien securitizations based on breaches of representations and warranties to the trustee . FHN’s trustee is a defendant in a lawsuit in which the plaintiffs have asserted that the trustee has duties under federal law to review loans and otherwise act against FHN outside of the duties specified in the applicable trust documents. At June 30 , 2015 , FHN's trustee had made no claims against FHN and no litigation by the trustee was pending against FHN. I nterests in securitized lo ans were sold as securities under prospectuses or other offering documents subject to the disclosure requirements of applicable federal and state securities laws. An investor could pursue (and in certain cases mentioned above , has pursued and is 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. FHN believes a new federal securities law claim cannot be brought at this time d ue to the running of applicable limitation periods, but other claims might still be possible. Claims of this sort are resolved in a litigation context, unlike FHN's GSE repurchase experience. FHN's analysis of loss content and establishment of appropriate liabilities in th ese cases follow principles and practices associated with litigation matters as discussed above; that process does not involve the repurchase pipeline and repurchase liability. Other 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. 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 FHLB subpoenas seek information concerning a number of FH proprietary securitizations. 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 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. Se e "Other Whole-Loan Sales" above for additional information concerning loans originated and sold by FHN that were included in the purchasers' own securitizations. In addition, the FHLB of Seattle has subpoenaed FHN in connection with FHN-originated loans t hat 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 Col onial Bank (discussed above), FHN has limited information regarding at least some of the loans under review or the dollar amounts invested in relation to the FDIC and FHLB subpoenas. The FDIC subpoenas partially overlap with the ongoing litigation matters mentioned above under "Litigation - Loss Contingencies." There are limitations as to FHN's knowledge of the amount of FH proprietary securitizations investments that are subject to the FDIC and FHLB of San Francisco subpoenas. Since the reviews at this tim e are not repurchase claims, the associated loans are not considered part of the repurchase pipeline. Private Mortgage Insurance 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 no tices related to GSE-owned loans are not formal repurchase requests, FHN includes these in the active repurchase request pipeline to the extent they relate to securitized loans or are excluded from the DRA settlements with the GSEs mentioned above . FHN tra cks and monitors MI cancellation notices received when assessing the overall adequacy of FHN's repurchase liability. Established Repurchase Liability Based on currently available information and experience to date, FHN has evaluated its loan repurchase exp osure and has accrued for losses of $ 117.2 million and $ 141.6 million as of June 30 , 2015 and 2014 , respectively, including a smaller amount related to equity-lending junior lien loan sales. FHN used all available information to estimate losses relat ed to potential repurchase obligations not included in the DRAs including future MI rescissions, prior bulk servicing sales where FHN is no longer the directly responsible party but still has repurchase obligations, and obligations related to certain other loan sales, including repurchase obligations related to non-GSE loan sales. Additionally, FHN continues to monitor claims included in the active pipeline, historical repurchase rates, and loss severities. Accrued liabilities for FHN’s estimate of these ob ligations 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 s are based upon currently available information and fact patterns that exist as of the balance sheet date s 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 After the 2008 platform sale a substantial portion of FHN's first lien portfolio was serviced through subservicing arrangements. FHN’s servicing activities, including foreclosure and loss mitigation practices, initially were out sourced through a subservicing arrangement (the “2008 subservicing agreement”) with the platform buyer (the “2008 subservicer”). FHN entered into a replacement agreement in 2011 with a new subservicer (the “2011 subservicer”). Through third quarter 2013, F HN serviced a mortgage loan portfolio with an unpaid principal balance of approximately $ 15 billion as of September 30, 2013. In fourth quarter 2013 and first quarter 2014, FHN sold substantially all remaining servicing to the 2011 subservicer. As a result , the loan portfolio serviced by FHN at June 30 , 2015 had an unpaid principal balance of $ 228.5 million. Servicing still retained by FHN continues to be subserviced by the 2011 subservicer. FHN is subject to losses in its current and former loan servic ing 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 penalti es 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 . In 2011 regulators entered into consent decrees with several institutions , including FHN’s 2008 subservicer, requiring comprehensive revision of loan modification and foreclosure processes, including the remediation of borrowers that have experienced financi al harm. In 2012 the 2008 subservicer, along with certain others, entered into a settlement agreement with the OCC which replaced the consent decree. Under FHN’s 2008 subservicing agreement, the 2008 subservicer had the contractual right to follow FHN’s pr ior 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 pr actices, applicable law, and new requirements, including evolving interpretations of such practices, law and requirements. In the event of a dispute such as that described below between FHN and the 2008 subservicer over any liabilities for the subservicer’ s servicing and management of foreclosure or loss mitigation processes, FHN cannot predict the loss that may be incurred. FHN’s 2008 subservicer has presented invoices and made demands under the 2008 subservicing agreement that FHN pay certain costs relate d to tax service contracts, miscellaneous transfer costs, servicing timeline penalties, compensatory damages, and curtailments charged by GSEs and a government agency prior to FHN’s transfer of subservicing to its 2011 subservicer in the amount of $ 8.6 mil lion. 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 r eview expenditures”). The foreclosure review expenditures for which the 2008 subservicer has sought reimbursement total $ 34.9 million. Although the most recent request was made in 2012, additional reimbursement requests might be made. FHN disagrees with th e 2008 subservicer's position and has made no reimbursements. 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 also believes that certain a mounts billed to FHN by agencies for penal |
Pension, Savings, And Other Emp
Pension, Savings, And Other Employee Benefits | 6 Months Ended |
Jun. 30, 2015 | |
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. Benefits under the plan are “frozen” so that years of service and compensation changes after 2012 do not affect the benefit owed. The contributions are based upon actuarially determined amounts necessary to fund the total benefit obligation. FHN did not make any contributions t o the qualified pension plan in 2014 . Future decisions to contribute to the plan will be based upon pension funding requirements under the Pension Protection Act, the maximum amount de ductible under the Internal Revenue Code, and the actual performance of plan assets. Management has as sessed the need for future contributions, and does not currently anticipate that FHN will make a contribution to th e qualified pension plan in 2015 . 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 by tax rules. These other non-qualified plans are unfunded, and contributions to the se plans cover all benefits paid under the non-qualified plans. Payments made under the non-qualified plans were $ 5.0 million for 2014. FHN anticipates making benefit payments under the non-qualified plans of $ 5.0 million in 2015. Savings plan. FHN provid es 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, FHN provides a 100 percent match for the first 6 percent of salary deferred , with company match contributions invested according to a particip ant’s current investment elections. Through a non-qualified savings restoration plan, FHN provides a restorative benefit to certain highly-compensated employees who participate in the savings plan and whose contribution elections are capped by tax limitati ons. Other employee benefits. FHN provides postretirement life insurance benefits to certain employees and also provides postretirement medical insurance benefits to retirement-eligible employees. The postretirement medical plan is contributory with FHN c ontributing a fixed amount for certain participants. FHN’s postretirement benefits include certain prescription drug benefits. The components of net periodic benefit cost for the three months ended June 30 are as follows: Pension Benefits Other Benefits (Dollars in thousands) 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 10 $ 17 $ 38 $ 55 Interest cost 9,020 8,660 360 458 Expected return on plan assets (9,391) (10,018) (242) (255) Amortization of unrecognized: Prior service cost/(credit) 83 87 (291) (291) Actuarial (gain)/loss 2,395 1,635 (244) (252) Net periodic benefit cost $ 2,117 $ 381 $ (379) $ (285) The components of net periodic benefit cost for the six months ended June 30 are as follows: Pension Benefits Other Benefits (Dollars in thousands) 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 20 $ 34 $ 75 $ 110 Interest cost 18,040 17,320 720 916 Expected return on plan assets (18,783) (20,036) (483) (510) Amortization of unrecognized: Prior service cost/(credit) 166 174 (582) (582) Actuarial (gain)/loss 4,791 3,270 (488) (378) Net periodic benefit cost $ 4,234 $ 762 $ (758) $ (444) |
Business Segment Information
Business Segment Information | 6 Months Ended |
Jun. 30, 2015 | |
Business Segment Information [Abstract] | |
Business Segment Information | Note 12 – Business Segment Information FHN has four business segments : regional banking, fixed income (formerly 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 in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes corr espondent banking which provides credit, depository, and other banking related services to other financial institutions nationally . The fixed income segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and a broad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of unallocated corporate expens es, 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 (in periods subsequent to first quarter 2014 these amounts are significantly low er) , 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 charg es . Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity 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 an 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 six months ended June 30 : Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Consolidated Net interest income $ 166,640 $ 156,768 $ 323,506 $ 309,127 Provision for loan losses 2,000 5,000 7,000 15,000 Noninterest income 130,301 126,901 259,990 272,631 Noninterest expense 218,394 163,162 594,615 381,206 Income/(loss) before income taxes 76,547 115,507 (18,119) 185,552 Provision/(benefit) for income taxes 21,590 33,578 (671) 53,644 Net income/(loss) $ 54,957 $ 81,929 $ (17,448) $ 131,908 Average assets $ 25,414,048 $ 23,647,298 $ 25,528,689 $ 23,778,347 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information. Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Regional Banking Net interest income $ 165,908 $ 148,675 $ 320,317 $ 290,701 Provision/(provision credit) for loan losses 17,078 8,425 21,993 21,415 Noninterest income 65,989 66,227 126,193 126,219 Noninterest expense 144,203 132,996 279,983 265,539 Income/(loss) before income taxes 70,616 73,481 144,534 129,966 Provision/(benefit) for income taxes 24,996 26,070 51,377 46,153 Net income/(loss) $ 45,620 $ 47,411 $ 93,157 $ 83,813 Average assets $ 15,023,869 $ 13,053,129 $ 14,628,188 $ 12,835,470 Fixed Income Net interest income $ 4,297 $ 2,587 $ 8,620 $ 6,063 Noninterest income 56,001 47,564 117,566 104,323 Noninterest expense 51,214 116 105,897 52,714 Income/(loss) before income taxes 9,084 50,035 20,289 57,672 Provision/(benefit) for income taxes 3,171 19,143 7,338 21,986 Net income/(loss) $ 5,913 $ 30,892 $ 12,951 $ 35,686 Average assets $ 2,416,132 $ 2,074,593 $ 2,431,118 $ 2,056,581 Corporate Net interest income/(expense) $ (17,376) $ (11,968) $ (33,460) $ (21,891) Noninterest income 3,901 5,215 9,286 18,430 Noninterest expense 13,770 13,532 27,939 30,859 Income/(loss) before income taxes (27,245) (20,285) (52,113) (34,320) Provision/(benefit) for income taxes (15,882) (16,369) (27,522) (26,997) Net income/(loss) $ (11,363) $ (3,916) $ (24,591) $ (7,323) Average assets $ 5,565,279 $ 5,341,568 $ 5,987,666 $ 5,595,768 Non-Strategic Net interest income $ 13,811 $ 17,474 $ 28,029 $ 34,254 Provision/(provision credit) for loan losses (15,078) (3,425) (14,993) (6,415) Noninterest income 4,410 7,895 6,945 23,659 Noninterest expense 9,207 16,518 180,796 32,094 Income/(loss) before income taxes 24,092 12,276 (130,829) 32,234 Provision/(benefit) for income taxes 9,305 4,734 (31,864) 12,502 Net income/(loss) $ 14,787 $ 7,542 $ (98,965) $ 19,732 Average assets $ 2,408,768 $ 3,178,008 $ 2,481,717 $ 3,290,528 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information. |
Variable Interest Entities
Variable Interest Entities | 6 Months Ended |
Jun. 30, 2015 | |
Variable Interest Entities [Abstract] | |
Variable Interest Entities | Note 13 – 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) sufficient equity at risk for the entity to finance its activities by it self. 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 V IE 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 a proprietary residential mortgage securitization trust it established prior to 2008 as a source of liquidity for consumer lending operations. Based on its restrictive nature, the trust is considered a VIE 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 , results in FHN potentially absorbing losses or receiving benefits that are significant to the trust, FHN is considered the primary beneficiary, as it is also assumed to have the power as servicer to most significantly impact the activities of the VIE . Consolidation of the trust results in the recognition of the trust proceeds as restricted borrowings since the cash flows on the securitized loans can only be used to settle the o bligations due to the holders of the trust securities. Except for recourse due to breaches of representations and warranties made by FHN in connection with the sale of the loans to the trust, the creditors of the trust hold no recourse to the assets of F HN. The only trust included in the June 30 , 2015 and June 30 , 2014 balance of consolidated proprietary residential mortgage securitizations is a HELOC securitization trust that has entered a rapid amortization period and for which FHN is obligate d t o 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 ge nerated 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, wh ich 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 securitizat ion 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. Because the trust is consolidated, amounts funded from monoline insurance policies are consid ered as additional restricted term borrowings in FHN’s Consolidated Condensed Statements of Condition. FHN has established certain rabbi trusts related to deferred compensation plans offered to its employees. FHN contributes employee cash compensation defe rrals 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 t rusts 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 performa nce 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 ex cess 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 June 30, 2015 and 2014: June 30, 2015 June 30, 2014 On-Balance Sheet Consumer Loan Securitization Rabbi Trusts Used for Deferred Compensation Plans On-Balance Sheet Consumer Loan Securitization Rabbi Trusts Used for Deferred Compensation Plans (Dollars in thousands) Carrying Value Carrying Value Carrying Value Carrying Value Assets: Cash and due from banks $ 1,382 N/A $ - N/A Loans, net of unearned income 66,444 N/A 84,381 N/A Less: Allowance for loan losses 214 N/A 725 N/A Total net loans 66,230 N/A 83,656 N/A Other assets 184 $ 69,077 410 $ 66,360 Total assets $ 67,796 $ 69,077 $ 84,066 $ 66,360 Liabilities: Term borrowings $ 55,679 N/A $ 74,103 N/A Other liabilities 3 $ 51,861 4 $ 50,816 Total liabilities $ 55,682 $ 51,861 $ 74,107 $ 50,816 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 res idential 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 performanc e 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 capital contributions and funding commitments to each partnership. The general partners are co nsidered the primary beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the entities’ economic performance and the managing members are exposed to all losses beyond FTHC’s initial capital contr ibutions and funding commitments. LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not material for the three and six months ended June 30, 2015 and 2014. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Condensed Statements of Income for the three and six month periods ending June 30, 2015 and 2014 for LIHTC investments accounted for under the proportional amortization method. Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Provision/(benefit) for income taxes: Amortization of qualifying LIHTC investments $ 2,180 $ 2,470 $ 4,360 $ 4,940 Low income housing tax credits (2,363) (2,463) (4,726) (4,925) Other tax benefits related to qualifying LIHTC investments (755) (1,864) (1,599) (3,719) Other Tax Credit Investments. First Tennessee New Markets Corporation (“FTNMC”), a wholly-owned subsidiary of FTBNA, makes equity investments through wholly-owned subsidiaries as a non-managing 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 reinvest ment 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 e ntity 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. FTHC also makes equity investments as a limited partner or non-managing member in entities that receive Historic Tax Credits pursuant to Section 47 of the Internal Revenue Code. The purpose of these entities is the rehabilitation of historic buildings with the tax credits provided to incent private investment in the historic cores of cities and towns. These entities 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 entities as it has a risk of loss for its capital contributions and funding commitments to each partnership. The managing members are considered the prima ry beneficiaries as managerial functions give them the power to direct the activities that most significantly impact the entities’ economic performance and the managing members are exposed to all losses beyond FTHC’s initial capital contributions and fundi ng commitments. 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 ri ghts 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 equ ity 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 wh ich 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 n ot 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 require ments 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 t rust 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 perfor mance. 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. In late July, 2015 FHN called its junior sub ordinated debt with a redemption date of August 21, 2015 , and as a result Capital II called its 6.30 percent Capital Securities, Series B, for redemption. Proprietary Residential Mortgage Securitizations. FHN holds variable interests in propriet ary 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 l oans 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 ho lders 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 impac t 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 FHN is not considered the primary beneficiary of the trust. Therefore, these trusts are not conso lidated by FHN. Agency Residential Mortgage Securitizations. 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. Exce pt 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 held no recourse to the assets of FHN. Additionally, FHN had no contractual requirements to pr ovide 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 si gnificantly impact the trusts’ economic performance. Thus, such trusts were not consolidated by FHN as it was not considered the primary beneficiary even in situations where it could potentially receive benefits or absorb losses that were significant to th e trusts. 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 inves tments 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 t rusts 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 performan ce, 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 ter ms 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 enti ty is a VIE must be reconsidered as 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 h ave 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 po tentially 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 inves tments 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 tru sts. The following table summarizes FHN’s nonconsolidated VIEs as of June 30, 2015: Maximum Liability (Dollars in thousands) Loss Exposure Recognized Classification Type Low income housing partnerships $ 68,405 $ 11,976 (a) Other Tax Credit Investments (b) (c) 21,690 - Other assets Small issuer trust preferred holdings (d) 344,321 - Loans, net of unearned income On-balance sheet trust preferred securitization 50,506 63,686 (e) Proprietary trust preferred issuances (f) N/A 206,186 Term borrowings Proprietary and agency residential mortgage securitizations 24,664 - (g) Holdings of agency mortgage-backed securities (d) 3,929,684 - (h) Short positions in agency mortgage-backed securities (f) N/A 1,486 Trading liabilities Commercial loan troubled debt restructurings (i) (j) 36,047 - Loans, net of unearned income Managed discretionary trusts (f) N/A N/A N/A Maximum loss exposure represents $ 56 . 4 million of current investments and $ 12 . 0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 . A lia bility is not recognized as investments are written down over the life of the related tax credit. Maximum loss exposure represe nts current investment balance. Of the initial investment, $ 1 8 . 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 ho lder 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 $ 63.7 million classified as Term borrowings. No exposure to loss due to the nature of FHN’s involvement. Includes $ . 6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 4 . 9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servi cing advances of $ 19 . 1 million are classified as Other assets. Includes $ 473.8 million classified as Trading securities and $ 3 . 5 billion cla ssified as Securities available-for- sale. Maximum loss exposure represents $ 30 . 9 million of current receivables and $ 5 . 1 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’ operat ions. The following table summarizes FHN's nonconsolidated VIEs as of June 30, 2014: Maximum Liability (Dollars in thousands) Loss Exposure Recognized Classification Type Low income housing partnerships $ 60,134 $ 6,471 (a) Other Tax Credit Investments (b) (c) 22,359 - Other assets Small issuer trust preferred holdings (d) 364,942 - Loans, net of unearned income On-balance sheet trust preferred securitization 52,682 61,491 (e) Proprietary trust preferred issuances (f) N/A 206,186 Term borrowings Proprietary and agency residential mortgage securitizations 35,118 - (g) Holdings of agency mortgage-backed securities (d) 3,703,941 - (h) Short positions in agency mortgage-backed securities (f) N/A 1,092 Trading liabilities Commercial loan troubled debt restructurings (i) (j) 57,157 - Loans, net of unearned income Managed discretionary trusts (f) N/A N/A N/A Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Financial Information for additional information. Maximum loss exposure represents $ 53.7 million of current investments and $ 6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for futu re funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 . A liability is not recognized as investments are written down over the life of the related tax credi t. 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 $ 61 . 5 million classified as Term borrowings. No expos ure to loss due to the nature of FHN’s involveme nt. Includes $ 1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 6 . 4 million classified as Trading securities related to proprietary and agency residenti al mortga ge securitizations . Aggregate servicing advances of $ 27 . 6 million are classified as Other assets. Includes $ 371 . 7 million classified as Trading securities and $ 3 . 3 billion cla ssified as Securities available-for- sale. Maximum loss exposure represen ts $ 54 . 0 million of current receivables and $ 3 . 1 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
Derivatives | 6 Months Ended |
Jun. 30, 2015 | |
Derivatives [Abstract] | |
Derivatives | Note 14 – Derivatives In the normal course of business, FHN utilizes various financial instruments (including derivative contracts and credit-related agreements) through its fixed income and risk management operations, as part of its risk management strategy and as a means to meet customers’ needs. Derivative 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 represe nt 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/Liab ility Committee (“ALCO”) controls, coordinates, and 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 th rough national exchanges, primary dealers or approved counterparties, and by 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 June 30 , 2015 and 2014 , respectively, FHN had $ 80 . 6 million and $ 101 . 6 million of cash receivables and $ 41 . 1 million and $ 71 . 3 million of cash payables related to collateral posting under master netting arrangements, inclusiv e 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-excha nge 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 fin ancial instrument caused primarily by changes in interest rates 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 thro ugh 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 mana gement 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 pric e, 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 t o 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 inter est 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. Fixed Income FHN’s fixed income segment trades U.S. Treasury, U.S. Agency, mortgage-backed, corporate and municipal fixed income securities, and other securities for distribution to customers. When these securities settle on a delayed basis, they are considered forward contracts. Fixed income al so enters into interest rate contracts, including caps, swaps, and floors, for its customers. In addition, fixed income 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 fixed income noninterest income. Related assets and liabilities are recorded on the Consolidated Condensed Statements of Condition as Derivative assets and D erivative 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 monitor ing procedure s. Total trading revenues were $ 100.2 million and $ 90.1 million for the six months ended June 30 , 2015 and 2014 , respectively, and $ 46.7 million and $ 40.5 million for the three months ended June 30 , 2015 and 2014 , respectively . Total reven ues are inclusive of both derivative and non-derivative financial instruments, and are included in fixed income noninterest income . The following tables summarize FHN’s derivatives associated with fixed income trading activities as of June 30, 2015 and 2014: June 30, 2015 (Dollars in thousands) Notional Assets Liabilities Customer Interest Rate Contracts $ 1,640,844 $ 66,078 $ 3,285 Offsetting Upstream Interest Rate Contracts 1,640,844 3,285 66,078 Option Contracts Purchased 15,000 55 - Forwards and Futures Purchased 2,297,489 2,773 2,174 Forwards and Futures Sold 2,531,248 2,526 2,614 June 30, 2014 (Dollars in thousands) Notional Assets Liabilities Customer Interest Rate Contracts $ 1,760,032 $ 80,710 $ 4,948 Offsetting Upstream Interest Rate Contracts 1,760,032 4,948 80,710 Option Contracts Purchased 17,500 29 - Option Contracts Written 5,000 - 4 Forwards and Futures Purchased 2,378,633 4,571 330 Forwards and Futures Sold 2,487,732 548 4,980 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 is recognized as an adjustment of the interest expense of the liabilities whose risk is being managed. FH N’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 offer ing to commercial customers that includes customer derivatives paired with upstream offsetting market instr uments 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 Conden sed 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 $ 250.0 million and $ 554.0 million on June 30 , 2015 and 2014 , respectively . These swaps have been accounted for as fair value hedges under the shortcut method. The balance sheet amount of these swaps was $ 9 . 1 million and $ 28.1 million in Derivative assets on June 30 , 2015 and 2014 , respectively. $ 304.0 million of these borrowings matu red in January 2015. 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 $ 4 .5 million and $ 14 . 0 million in Derivative assets as of June 30 , 2015 and 2014 , 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 a ccounting under ASC 815-20 using the long-haul method. FHN hedge s the interest rate risk of the subordinated debt totaling $ 200 million using a pay floating, receive fixed interest rate swap. The balance sheet amount of th is swap was $ 5 .1 million and $ 12 .1 million in Derivative liabilities as of June 30 , 2015 and 2014 , respectively . There was no ineffectiveness related to th is hedge . FHN has designated a derivative transaction in a hedging strategy to manage interest rate risk on $ 400.0 million of s enior debt issued by FTBNA which matures in December 2019. This 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 of the senior debt in November 2014. The balance sheet impact of this swap was $ 2 .3 million in Derivative assets as of June 30 , 2015 . There was an insignificant level of ineffectiveness related to this hedge. The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the three and six months ended June 30, 2015 and 2014: Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2015 June 30, 2015 Customer Interest Rate Contracts Hedging Hedging Instruments and Hedged Items: Customer Interest Rate Contracts (a) $ 744,167 $ 24,148 $ 409 $ (6,158) $ (1,915) Offsetting Upstream Interest Rate Contracts (a) 744,167 409 24,648 6,158 1,915 Debt Hedging Hedging Instruments: Interest Rate Swaps (b) $ 1,350,000 $ 15,954 $ 5,131 $ (10,810) $ (9,840) Hedged Items: Term Borrowings (b) N/A N/A $ 1,350,000 (c) $ 10,735 (d) $ 9,812 (d) Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2014 June 30, 2014 Customer Interest Rate Contracts Hedging Hedging Instruments and Hedged Items: Customer Interest Rate Contracts (a) $ 759,266 $ 28,143 $ 997 $ 2,714 $ 2,069 Offsetting Upstream Interest Rate Contracts (a) 775,204 997 28,643 (2,714) (2,069) Debt Hedging Hedging Instruments: Interest Rate Swaps (b) $ 1,254,000 $ 42,121 $ 12,095 $ (3,628) $ (3,239) Hedged Items: Term Borrowings (b) N/A N/A $ 1,254,000 (c) $ 3,628 (d) $ 3,239 (d) Gains/losses included in the All o ther 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 w hich have an initial fixed rate term 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 term. Interest paid or received for these swaps is 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 as of and for the three and six months ended June 30, 2015 and 2014: Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2015 June 30, 2015 Loan Portfolio Hedging Hedging Instruments: Interest Rate Swaps $ 6,500 N/A $ 640 $ 63 $ 104 Hedged Items: Trust Preferred Loans (a) N/A $ 6,500 (b) N/A $ (62) (c) $ (103) (c) Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2014 June 30, 2014 Loan Portfolio Hedging Hedging Instruments: Interest Rate Swaps $ 6,500 N/A $ 900 $ 42 $ 105 Hedged Items: Trust Preferred Loans (a) N/A $ 6,500 (b) N/A $ (41) (c) $ (104) (c) Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition. Represents principal balance being hedged. Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships. 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 June 30 , 2015 , the derivative liabilities associated with the sales of Visa Class B shares were $ 4 . 8 million compared to $ 4.7 million as of June 30 , 2014 . 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 June 30 , 2015 and 2014, these loans were valued at $ 3 .5 million and $ . 8 million , respectively. T he balance sheet amount and the gains/losses associated with these derivatives were not significant . Master Netting and Similar A greements As previously discussed, FHN uses master netting agreements, mutual margining agreements and collateral posting requirements to minimize credit risk on derivative contract s . 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 standard agreement forms 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 w ith each respective counterparty. For contracts that require central clearing, novation to a counterparty with access to a clearinghouse occurs and collateral is posted. Cash collateral received (posted) for interest rate derivatives is recognized as a lia bility (asset) on FHN’s balance sheet. Interest rate derivatives with customers that are smaller financial institutions typically require posting of collateral by the counterparty to FHN. This collateral is subject to a threshold with daily adjustments bas ed 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 no t 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 c ould 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 FTBN A could require the posting of additional collateral; whereas if a counterparty's credit ratings were to increase, the counterparty could require 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 $ 72 . 5 million of assets and $ 71 . 6 million of liabilities on June 30 , 2015 , and $ 116 . 8 million of assets and $ 91 . 6 million of liabilities on June 30 , 2014 . As of June 30 , 2015 and 2014 , FHN had received collateral of $ 144 . 2 million and $ 190 . 6 million and posted collateral of $ 71 . 9 million and $ 92 . 3 million, resp ectively, 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 ratin g 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 requ ire 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 $ 72.5 million of ass ets and $ 17 . 0 million of liabilities on June 30 , 2015 , and $ 1 16 . 8 million of assets and $ 23 . 2 million of liabilities on June 30 , 2014 . As of June 30 , 2015 and 2014 , FHN had received collateral of $ 144.2 million and $ 190 . 6 million and posted col lateral of $ 23 . 3 million and $ 28 . 8 million, respectively, in the normal course of business related to these contracts. Fixed income 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. 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 defa ult, 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 o ffset 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 refl ected 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 June 30: Gross amounts not offset in the Statement of Condition Gross amounts Net amounts of Derivative Gross amounts offset in the assets presented liabilities of recognized Statement of in the Statement available for Collateral (Dollars in thousands) assets Condition of Condition (a) offset Received Net amount Derivative assets: 2015 (b) $ 109,874 $ - $ 109,874 $ (15,750) $ (93,656) $ 468 2014 (b) 156,919 - 156,919 (26,475) (129,064) 1,380 In cluded in Derivative a ssets on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 5 . 4 million and $ 5.1 million, respectively, of derivative assets (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. 201 5 and 2014 are comprised entirely of interest rate derivative contracts. The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of June 30: Gross amounts not offset in the Statement of Condition Gross amounts Net amounts of Gross amounts offset in the liabilities presented Derivative of recognized Statement of in the Statement assets available Collateral (Dollars in thousands) liabilities Condition of Condition (a) for offset pledged Net amount Derivative liabilities: 2015 (b) $ 100,191 $ - $ 100,191 $ (15,750) $ (68,775) $ 15,666 2014 (b) 128,293 - 128,293 (26,475) (88,935) 12,883 In cluded in Derivative l iabilities on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 9 . 6 million and $ 10.0 million, respectively, of derivative liabilities (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. 2015 and 2014 are comprised entirely of interest rate derivative contracts. |
Master Netting And Similar Agre
Master Netting And Similar Agreements | 6 Months Ended |
Jun. 30, 2015 | |
Master Netting Agreements And Similar Arrangements [Abstract] | |
Master Netting Agreements And Similar Arrangements | Note 15 – 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 ha ve 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 fixed income business, transactions are collateralized by securities whic h 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 no t included on FHN’s Consolidated Condensed Statements of Condition . For liability positions, securities collateral pledged by FHN is generally represented within FHN’s trading or available-for-sale securities portf olios . 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 securi ties 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 counterparties as of June 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: 2015 $ 816,991 $ - $ 816,991 $ (3,605) $ (805,178) $ 8,208 2014 624,477 - 624,477 (61,094) (555,665) 7,718 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 FHN as of June 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: 2015 $ 311,760 $ - $ 311,760 $ (3,605) $ (308,088) $ 67 2014 475,530 - 475,530 (61,094) (414,373) 63 Due to the short duration of Securities sold under agreements to repurchase and the nature of collateral involved, the risks associated with these transactions are considered minimal. The following table provides a detail, by collateral type, of the remaining contractual maturity of Securities sold under agreements to repurchase as of June 30: June 30, 2015 Overnight and (Dollars in thousands) Continuous Up to 30 Days Total Securities sold under agreements to repurchase: U.S. treasuries $ 15,175 $ - $ 15,175 Government agency issued MBS 93,697 - 93,697 Government agency issued CMO 190,438 12,450 202,888 Total Securities sold under agreements to repurchase $ 299,310 $ 12,450 $ 311,760 |
Fair Value Of Assets And Liabil
Fair Value Of Assets And Liabilities | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Of Assets And Liabilities | Note 16 – 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 June 30, 2015: June 30, 2015 (Dollars in thousands) Level 1 Level 2 Level 3 Total Trading securities - fixed income: U.S. treasuries $ - $ 109,998 $ - $ 109,998 Government agency issued MBS - 327,082 - 327,082 Government agency issued CMO - 146,675 - 146,675 Other U.S. government agencies - 83,416 - 83,416 States and municipalities - 64,597 - 64,597 Corporate and other debt - 393,191 5 393,196 Equity, mutual funds, and other - 3,602 - 3,602 Total trading securities - fixed income - 1,128,561 5 1,128,566 Trading securities - mortgage banking: Principal only - - 3,740 3,740 Interest only - - 78 78 Subordinated bonds - - 1,106 1,106 Total trading securities - mortgage banking - - 4,924 4,924 Loans held-for-sale - - 26,525 26,525 Securities available-for-sale: U.S. treasuries - 100 - 100 Government agency issued MBS - 830,640 - 830,640 Government agency issued CMO - 2,625,286 - 2,625,286 Other U.S. government agencies - - 1,560 1,560 States and municipalities - 7,955 1,500 9,455 Equity, mutual funds, and other 25,825 - - 25,825 Total securities available-for-sale 25,825 3,463,981 3,060 3,492,866 Other assets: Mortgage servicing rights - - 2,158 2,158 Deferred compensation assets 27,341 - - 27,341 Derivatives, forwards and futures 5,299 - - 5,299 Derivatives, interest rate contracts - 109,929 - 109,929 Derivatives, other - 2 - 2 Total other assets 32,640 109,931 2,158 144,729 Total assets $ 58,465 $ 4,702,473 $ 36,672 $ 4,797,610 Trading liabilities - fixed income: U.S. treasuries $ - $ 406,879 $ - $ 406,879 Government agency issued MBS - 1,486 - 1,486 Other U.S. government agencies - 25,036 - 25,036 Corporate and other debt - 299,163 - 299,163 Total trading liabilities - fixed income - 732,564 - 732,564 Other liabilities: Derivatives, forwards and futures 4,788 - - 4,788 Derivatives, interest rate contracts - 100,191 - 100,191 Derivatives, other - 26 4,810 4,836 Total other liabilities 4,788 100,217 4,810 109,815 Total liabilities $ 4,788 $ 832,781 $ 4,810 $ 842,379 The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2014: June 30, 2014 (Dollars in thousands) Level 1 Level 2 Level 3 Total Trading securities - fixed income: U.S. treasuries $ - $ 235,389 $ - $ 235,389 Government agency issued MBS - 195,911 - 195,911 Government agency issued CMO - 175,799 - 175,799 Other U.S. government agencies - 71,228 - 71,228 States and municipalities - 41,144 - 41,144 Corporate and other debt - 402,348 5 402,353 Equity, mutual funds, and other - 22,040 - 22,040 Total trading securities - fixed income - 1,143,859 5 1,143,864 Trading securities - mortgage banking: Principal only - - 4,707 4,707 Interest only - - 322 322 Subordinated bonds - - 1,387 1,387 Total trading securities - mortgage banking - - 6,416 6,416 Loans held-for-sale - - 232,487 232,487 Securities available-for-sale: U.S. treasuries - 39,999 - 39,999 Government agency issued MBS - 762,842 - 762,842 Government agency issued CMO - 2,569,388 - 2,569,388 Other U.S. government agencies - - 2,061 2,061 States and municipalities - 13,655 1,500 15,155 Venture capital - - 2,300 2,300 Equity, mutual funds, and other 25,995 - - 25,995 Total securities available-for-sale 25,995 3,385,884 5,861 3,417,740 Other assets: Mortgage servicing rights - - 3,197 3,197 Deferred compensation assets 24,860 - - 24,860 Derivatives, forwards and futures 5,119 - - 5,119 Derivatives, interest rate contracts - 156,948 - 156,948 Total other assets 29,979 156,948 3,197 190,124 Total assets $ 55,974 $ 4,686,691 $ 247,966 $ 4,990,631 Trading liabilities - fixed income: U.S. treasuries $ - $ 479,210 $ - $ 479,210 Government agency issued MBS - 1,092 - 1,092 Other U.S. government agencies - 11,167 - 11,167 States and municipalities - 3,216 - 3,216 Corporate and other debt - 211,434 - 211,434 Total trading liabilities - fixed income - 706,119 - 706,119 Other liabilities: Derivatives, forwards and futures 5,310 - - 5,310 Derivatives, interest rate contracts - 128,297 - 128,297 Derivatives, other - 4 4,725 4,729 Total other liabilities 5,310 128,301 4,725 138,336 Total liabilities $ 5,310 $ 834,420 $ 4,725 $ 844,455 Changes in Recurring Level 3 Fair Value Measurements The changes in Level 3 assets and liabilities measured at fair value for the three months ended June 30, 2015 and 2014, on a recurring basis are summarized as follows: Three Months Ended June 30, 2015 Securities Mortgage Trading Loans held- available- servicing Net derivative (Dollars in thousands) securities for-sale for-sale rights, net liabilities Balance on April 1, 2015 $ 5,326 $ 26,700 $ 3,191 $ 2,342 $ (5,005) Total net gains/(losses) included in: Net income 69 248 - - (107) Other comprehensive income /(loss) - - (14) - - Purchases - 324 - - - Issuances - - - - - Sales - - - - - Settlements (466) (329) (117) (184) 302 Net transfers into/(out of) Level 3 - (418) (b) - - - Balance on June 30, 2015 $ 4,929 $ 26,525 $ 3,060 $ 2,158 $ (4,810) Net unrealized gains/(losses) included in net income $ 69 (a) $ 248 (a) $ - $ - $ (107) (d) Three Months Ended June 30, 2014 AFS Securities Mortgage Trading Loans held- Investment Venture servicing Net derivative (Dollars in thousands) securities for-sale portfolio Capital rights, net liabilities Balance on April 1, 2014 $ 6,593 $ 229,219 $ 3,682 $ 4,300 $ 4,687 $ (4,945) Total net gains/(losses) included in: Net income 43 8,214 - (2,000) 113 (101) Other comprehensive income /(loss) - - (15) - - - Purchases - 476 - - - - Issuances - - - - - - Sales - - - - (1,400) - Settlements (215) (4,607) (106) - (203) 321 Net transfers into/(out of) Level 3 - (815) (b) - - - - Balance on June 30, 2014 $ 6,421 $ 232,487 $ 3,561 $ 2,300 $ 3,197 $ (4,725) Net unrealized gains/(losses) included in net income $ (74) (a) $ 8,214 (a) $ - $ (2,000) (c) $ 77 (a) $ (101) (d) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring). 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. Included in Other expense. Changes in Recurring Level 3 Fair Value Measurements The changes in Level 3 assets and liabilities measured at fair value for the six months ended June 30, 2015 and 2014, on a recurring basis are summarized as follows: Six Months Ended June 30, 2015 Securities Mortgage Trading Loans held- available- servicing Net derivative (Dollars in thousands) securities for-sale for-sale rights, net liabilities Balance on January 1, 2015 $ 5,643 $ 27,910 $ 3,307 $ 2,517 $ (5,240) Total net gains/(losses) included in: Net income 239 1,390 - - (164) Other comprehensive income / (loss) - - (28) - - Purchases - 1,178 - - - Issuances - - - - - Sales - - - - - Settlements (953) (2,819) (219) (359) 594 Net transfers into/(out of) Level 3 - (1,134) (b) - - - Balance on June 30, 2015 $ 4,929 $ 26,525 $ 3,060 $ 2,158 $ (4,810) Net unrealized gains/(losses) included in net income $ 239 (a) $ 1,390 (a) $ - $ - $ (164) (d) Six Months Ended June 30, 2014 Securities available-for-sale Mortgage Trading Loans held- Investment Venture servicing Net derivative (Dollars in thousands) securities for-sale portfolio Capital rights, net liabilities Balance on January 1, 2014 $ 7,200 $ 230,456 $ 3,826 $ 4,300 $ 72,793 $ (2,915) Total net gains/(losses) included in: Net income (42) 9,401 - (2,000) 1,246 (2,442) Other comprehensive income /(loss) - - (32) - - - Purchases 1,559 4,582 - - - - Issuances - - - - - - Sales (1,715) - - - (69,919) - Settlements (581) (8,800) (233) - (923) 632 Net transfers into/(out of) Level 3 - (3,152) (b) - - - - Balance on June 30, 2014 $ 6,421 $ 232,487 $ 3,561 $ 2,300 $ 3,197 $ (4,725) Net unrealized gains/(losses) included in net income $ 34 (a) $ 9,401 (a) $ - $ (2,000) (c) $ 150 (a) $ (2,442) (d) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring). 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. Included in Other expens e . In third quarter 2014 , FHN completed sales of first lien mortgage loans from its loans held-for-sale portfolio. The sale populations primarily represented loans that had been originated with the intent to sell to FNMA or FHLMC and consisted of repurchased loans as well as loan s that remained after FHN’s exit of mortgage origination activities in 2008. Smaller amounts of jumbo loans were also included in the sale, along with some loans insured under government programs. Almost all of these loans had been accounted for at elected fair value (a recurring measurement) with a small amount having been accounted for as LOCOM loans (a nonrecurring measurement). The contracted sale values for the loans reflected a substantial improvement in pricing for pre-2009 vintage first lien mortgag es in comparison to FHN’s historical methodologies used to estimate fair value, which incorporate significant Level 3 inputs within a discounted cash flow model. Accordingly, the loans being sold were marked to the revised estimate of fair value during the quarter and the pricing evidence from the sale transactions was considered a Level 2 input within the valuation process for the remaining non-governmental guaranteed portion of first lien mortgage loans held-for-sale. 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 indiv idual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at June 30 , 2015 and 2014 , respectively, the following tables provide the level of valuation assumptions used to determine each adjustm ent, the related carrying value, and the fair value adjustments recorded during the respective periods. Three Months Ended Six Months Ended Carrying value at June 30, 2015 June 30, 2015 June 30, 2015 (Dollars in thousands) Level 1 Level 2 Level 3 Total Net gains/(losses) Net gains/(losses) Loans held-for-sale - first mortgages $ - $ - $ 849 $ 849 $ - $ 38 Loans, net of unearned income (a) - - 38,913 38,913 (641) (2,182) Real estate acquired by foreclosure (b) - - 29,109 29,109 (1,284) (1,660) Other assets (c) - - 28,265 28,265 (549) (944) $ (2,474) $ (4,748) Three Months Ended Six Months Ended Carrying value at June 30, 2014 June 30, 2014 June 30, 2014 (Dollars in thousands) Level 1 Level 2 Level 3 Total Net gains/(losses) Net gains/(losses) Loans held-for-sale - SBAs $ - $ 3,471 $ - $ 3,471 $ 1 $ 43 Loans held-for-sale - first mortgages - - 9,004 9,004 7 (10) Loans, net of unearned income (a) - - 53,652 53,652 (469) (677) Real estate acquired by foreclosure (b) - - 38,781 38,781 (533) (1,391) Other assets (c) - - 29,622 29,622 (862) (1,187) $ (1,856) $ (3,222) Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information. Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision. Represents the fair value an d related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages. Represents tax credit investments accounted for u nder the equity method . Level 3 Measurements The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of June 30, 2015 and 2014: (Dollars in Thousands) Fair Value at Level 3 Class June 30, 2015 Valuation Techniques Unobservable Input Values Utilized Trading securities - mortgage $ 4,924 Discounted cash flow Prepayment speeds 42% - 43% Discount rate 5% - 56% Loans held-for-sale - residential real estate 27,374 Discounted cash flow Prepayment speeds - First mortgage 2% - 20% Prepayment speeds - HELOC 5% - 15% Foreclosure losses 50% - 60% Loss severity trends - First mortgage 10% - 70% of UPB Loss severity trends - HELOC 35% - 100% of UPB Draw rate - HELOC 5% - 12% Derivative liabilities, other 4,810 Discounted cash flow Visa covered litigation resolution amount $4.5 billion - $5.5 billion Probability of resolution scenarios 5% - 25% Time until resolution 6 - 42 months Loans, net of unearned income (a) 38,913 Appraisals from comparable properties Marketability adjustments for specific properties 0% - 10% of appraisal Other collateral valuations Borrowing base certificates adjustment 20% - 50% of gross value Financial Statements/Auction values adjustment 0% - 25% of reported value Real estate acquired by foreclosure (b) 29,109 Appraisals from comparable properties Adjustment for value changes since appraisal 0% - 10% of appraisal Other assets (c) 28,265 Discounted cash flow Adjustments to current sales yields for specific properties 0% - 15% adjustment to yield Appraisals from comparable properties Marketability adjustments for specific properties 0% - 25% of appraisal Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses . Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages . Represents tax credit investments accounted for under the equity meth od . (Dollars in Thousands) Fair Value at Level 3 Class June 30, 2014 Valuation Techniques Unobservable Input Values Utilized Trading securities - mortgage $ 6,416 Discounted cash flow Prepayment speeds 43% - 47% Discount rate 40% - 85% Loans held-for-sale - residential real estate 241,491 Discounted cash flow Prepayment speeds - First mortgage 6% - 10% Prepayment speeds - HELOC 5% - 15% Credit spreads 2% - 4% Delinquency adjustment factor 15% - 25% added to credit spread Loss severity trends - First mortgage 50% - 60% of UPB Loss severity trends - HELOC 50% - 100% of UPB Draw Rate - HELOC 5% - 12% Derivative liabilities, other 4,725 Discounted cash flow Visa covered litigation resolution amount $4.4 billion - $5.2 billion Probability of resolution scenarios 10% - 30% Time until resolution 12 - 42 months Loans, net of unearned income (a) 53,652 Appraisals from comparable properties Marketability adjustments for specific properties 0% - 10% of appraisal Other collateral valuations Borrowing base certificates adjustment 20% - 50% of gross value Financial Statements/Auction Values adjustment 0% - 25% of reported value Real estate acquired by foreclosure (b) 38,781 Appraisals from comparable properties Adjustment for value changes since appraisal 0% - 10% of appraisal Other assets (c) 29,622 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 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information. Represents carrying value of loans for which adjustments are r equired to be based on the appraised value of the collateral less estimated costs to sell . Write-downs on these loans are recognized as part of provision for loan losses . Represents the fair value of foreclosed properties that were measured subsequent to their initial cla ssification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages. Represents tax credit investments accounted for under the equity method . Trading securities-mortgage. Prepayment rates and credit spreads (part of the discount rate) are significant unobservable inputs used in the fair value measurement of FHN’s mortgage trading securities which include interest-only strips, principal-only strips, and subordinated bonds. Increases in prepayment rates and credit spreads in isolation would result in significantly lower fair value measurements for the associated assets. Conversely, decreases in prepayment rates and credit spreads in isolation w ould result in significantly higher fair value measurements for the associated assets. Generally, when market interest rates decline and other factors favorable to prepayments occur, there is a corresponding increase in prepayment rates as customers are ex pected to refinance existing mortgages under more favorable interest rate terms. Generally, changes in discount rates directionally mirror the changes in market interest rates. FHN’s Corporate Accounting Department monitors sale activity and changes in the fair value of excess interest monthly. Loans held-for-sale. Foreclosure losses in 2015, credit spreads and delinquency adjustment factors in 2014, and prepayment rates in 2015 and 2014 are significant unobservable inputs used in the fair value measurement of FHN’s reside ntial real estate l oans 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. Draw rates are an additional significant unobservable input for HELOCs. Increases (decrea ses) in the draw rate estimates for HELOCs would increase (decrease) their fair value. All observable and unobservabl e inputs are re-assessed monthly. Fair value measurements are reviewed at least monthly by FHN’s Corporate Accounting Department. Derivati ve liabilities. 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 int o Visa Class A shares is adjusted. FHN uses a discounted cash flow methodology in order to estimate the fair value of FHN’s derivative liabilities associated with its prior sales of Visa Class B shares. The methodology includes estimation of both the reso lution 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. Since this estimation process requires application of judgment in developing significant unobservable inputs used to determine the possible outcome s and the probability weighting assigned to each scenario, these derivatives have been classified within Level 3 in fair value measurements disclosures. The valuation inputs and process are discussed with senior and executive management when significant ev ents 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 o f 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 f irms are utilized to ensure that estimated values are consistent between firms. This process occurs within FHN’s Credit Risk Management (commercial) and Default Servicing functions (primarily consumer) and the Credit Risk Management Committee reviews valua tion 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, inv entory, 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 h istorical disposition rates. Other a ssets – tax credit investments. The estimated fair value of tax credit investments accounted for under the equity method is generally determined in relation to the 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 im pairment 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 associate d 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. 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 seve rities 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 valuat ion 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 time ly recognition of any potential future recoveries in asset values while not affecting the requirement to recognize subsequent declines in value. The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity. June 30, 2015 (Dollars in thousands) Fair value carrying amount Aggregate unpaid principal Fair value carrying amount less aggregate unpaid principal Residential real estate loans held-for-sale reported at fair value: Total loans $ 26,525 $ 40,577 $ (14,052) Nonaccrual loans 6,238 12,316 (6,078) Loans 90 days or more past due and still accruing 1,622 2,056 (434) June 30, 2014 (Dollars in thousands) Fair value carrying amount Aggregate unpaid principal Fair value carrying amount less aggregate unpaid principal Residential real estate loans held-for-sale reported at fair value: Total loans $ 232,487 $ 367,173 $ (134,686) Nonaccrual loans 69,571 134,014 (64,443) Loans 90 days or more past due and still accruing 7,291 13,504 (6,213) Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table: Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Changes in fair value included in net income: Mortgage banking noninterest income Loans held-for-sale $ 248 $ 8,214 $ 1,390 $ 9,401 For the three months ended June 30 , 2015 , and 2014 , the amounts for residential real estate loans held-for-sale include gains of $ .3 million and $ .9 million, respectively, in pretax earnings that are attributable to changes in instrument-specific credit risk. For the six months ended June 30 , 2015 , and 2014 , the amounts for loans held-for-sale include gains of $ .7 million and $ 2.6 million, respectively, in pretax earn ings 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 estimated default rates and estimated loss severities . Interest income on residential real es tate 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 Val ue 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 assum ptions and methodologies used to estimate the fair value of financial instruments 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 unde r 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 i s 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 as k 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 securities also include retained interests in prior securitizati ons that qualify as financial assets, which primarily include interest-only strips, principal-only strips and subordinated bonds. FHN uses inputs including yield curves, credit spreads, and prepayment speeds to determine the fair value of principal-only st rips. Subordinated bonds are bonds with junior priority and are valued using an internal model which includes contractual terms, frequency and severity of loss (credit spreads), prepayment speeds of the underlying collateral, and the yield that a market pa rticipant would require. 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 prio r to third quarter 2014, 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, consensu s 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 combi nation 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. Investments in equity securities are valued using quoted market prices. Prior to third quarter 2014, venture capital investments were typically measured using significant internally generated inputs including adjustments to industry comparables and discounted cash flows analysis. Securities held-to-maturity. Securities held-to-maturity reflects deb t securities for which management has the positive intent and ability to hold to maturity. To the extent possible, valuations of held-to-maturity securities are performed using observable inputs obtained from market transactions in similar securities. Typi cal inputs include LIBOR and U.S. treasury curves and credit spreads. Debt securities with limited trading activity are valued using a discounted cash flow model that incorporates a combination of observable and unobservable inputs. Primary observable inpu ts include contractual cash flows, the treasury curve and credit spreads from similar instruments. Significant unobservable inputs include estimated credit spreads |
Financial Information (Policy)
Financial Information (Policy) | 6 Months Ended |
Jun. 30, 2015 | |
Financial Information [Abstract] | |
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 est imates 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 2015 periods are not necessarily indicative of th e results that may be expected going forward. For further information, refer to the audited consolidated financial statements which were included in the 2014 Annual Report to shareholders, and which were filed as part of Exhibit 13 to FHN’s Annual Report on Form 10-K for the year ended December 31, 2014. |
Summary of Accounting Changes | Summary of Accounting Changes. In January 2014, the FASB issued ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using a proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment i n proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense /( benefit). A reporting entity should evaluate whether the conditions have been met t o apply the proportional amortization method to an investment in a qualified affordable housing project through a limited liability entity at the time of initial investment on the basis of facts and circumstances that exist at that time. A reporting entity should reevaluate the conditions upon the occurrence of certain specified events. An investment in a qualified affordable housing project through a limited liability entity should be tested for impairment when there are events or changes in circumstances indicating that it is more likely than not that the carrying amount of the investment will not be realized. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housin g project investments rather than a decision to be applied to individual investments. The provisions of ASU 2014-01 are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. Investment balances, including all legally binding commitments to fund future investments, are included in Other assets on the Consolidated Condensed Statements of Condition. A liability is recognized in Other liabilities on the Consolidated Condensed Statement of Condition for all legally binding unfunded commitments to fund qualifying LIHTC investments. Amortization and other write-downs of qualifying LIHTC investments are presented on a net basis as a component of the Provisio n/(benefit) for income taxes on the Consolidated Condensed Statement of Income, while amortization and write-downs of non-qualifying LIHTC and other tax credit investments are recorded in Other expense. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable. In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer M ortgage Loans upon Foreclosure.” ASU 2014-04 clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate collateralizing a consumer mortgage loan, upon eith er (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investme nt in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity is required to adopt ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity sh ould apply ASU 2014-04 by means of a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. FHN adopted the requirements of ASU 2014-04 prospectively and this did not have a material effect on FHN’s statements of condition, results of operation or cash flows. In August 2014, the FASB issued ASU 2014-14, “Classification of Certain Government-Guaranteed Mort gage Loan upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure the creditor has the intent to convey the real estate to the guarantor and make a recoverable claim on the guarantee and 3) at the time of foreclosure any amount of the claim that is based on the fair value of the real estate is fixed. For qualifying foreclosures, the amount of the receivable recognized should be measured based on the amount of the loan balance expected to be recovered from the guarantor. ASU 2014-14 is effective for annual periods, and interim periods within thos e annual periods, beginning after December 15, 2014 and may be adopted through either a prospective only approach or through a reclassification from other real estate owned to other receivable on the effective date. FHN adopted the requirements for ASU 201 4-14 prospectively for transactions occurring after its effective date and this did not have a material effect on FHN’s statement of condition, results of operation or cash flows. In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transact ions, Repurchase Financings, and Disclosures.” ASU 2014-11 makes two changes to accounting for repurchase agreements. First, it requires secured borrowing accounting for repurchase-to-maturity transactions. Second, it requires separate accounting for a tra nsfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 also requires additional disclosures for repurchase tr ansactions that are recognized as secured borrowings, including disaggregation by class of collateral, the remaining contractual tenor of the arrangements and the risks inherent in the agreements. Adoption of ASU 2014-11 will only affect FHN’s disclosures as it does not execute repurchase-to maturity or repurchase financing transactions. These disclosure revisions are effective for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. FHN revised its discl osures upon adoption of ASU 2014-11. |
Accounting Changes Issued but Not Currently Effective | Accounting Changes Issued but Not Currently Effective In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 does not change revenue recognition for financial instruments. The co re principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This is accomplished through a five-step recognition framework involving 1) the identification of contracts with customers, 2) identification of performance obligations, 3) determination of the transaction price, 4) allocation of the transaction price to the performance obligations and 5) recognition of revenue as performance obligations are satisfied. Additionally, qualitative and quantitative information is required for disclosure regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The effective date of ASU 2014-09 has been deferred to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application as of the ori ginal effective date of annual reporting periods beginning after December 15, 2016, and associated interim periods is permitted. Transition to the new requirements may be made by retroactively revising prior financial statements (with certain practical exp edients permitted) or by a cumulative effect through retained earnings. If the latter option is selected, additional disclosures are required for comparability. FHN is evaluating the effects of ASU 2014-09 on its revenue recognition practices. In June 201 4, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting, an d that could be achieved after the requisite service period, be treated as a performance condition in determining expense recognition for the award. Thus, compensation cost is recognized over the requisite service period based on the probability of achieve ment of the performance condition. Expense is adjusted after the requisite service period for changes in the probability of achievement. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will have no effect on FHN. In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires an entity’s management to evaluate w hether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such events or conditions exist, additional disclosures are required and management should evaluate whether its plans sufficiently alleviate the substantial doubt. ASU 2014-15 is effective for the annual period ending after December 15, 2016 and all interim and annual periods ther eafter. The provisions of ASU 2014-15 are not anticipated to affect FHN. In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis.” ASU 2015-02 revises current consolidation guidance to modify the evaluation of whether limi ted partnerships and similar legal entities are variable interest entities. ASU 2015-02 also eliminates the presumption that a general partner should consolidate a limited partnership, revises the consolidation analysis for reporting entities that have fee arrangements and related party relationships with variable interest entities, and provides a scope exception for entities with interests in registered money market funds. ASU 2015-02 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. FHN has evaluated the provisions of ASU 2015-02 on its consolidation assessments and there will not be a significant effect upon adoption. In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentati on of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented as a direct reduction from the carrying value of that debt liability, consistent with debt discounts. ASU 2015-03 requires applica tion on a retrospective basis, with prior periods revised to reflect the effects of adoption. ASU 2015-03 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Consistent with current requireme nts, FHN currently classifies debt issuance costs within Other assets in the Consolidated Condensed Statements of Condition. ASU 2015-03 will have no effect on the recognition of interest expense. |
Financial Information (Tables)
Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Changes And Error Corrections [Abstract] | |
Schedule of Accounting Changes | Effective January 1, 2015, FHN retroactively adopted the requirements of ASU 2014-01 with an election to use the proportional amortization method for all qualifying investments. FHN believes the proportional amortization method better represents the economics of its qualified affordable housing investments and provides users with a better understanding of the returns from such investments when compared to the equity method. FHN will continue to use the equity method for non-qualifying affordable housing investments and its other tax credit investments. The cumulative effects of the retrospective application of the change in amortization method are summarized in the tables below. As of June 30 As of December 31 (Dollars in thousands, except per share amounts) 2014 2014 2013 Increase/(decrease) to previously reported Consolidated Statements of Condition amounts Other assets $ (4,405) $ (4,700) (5,340) Other liabilities 6,471 4,678 7,034 Undivided profits (10,876) (9,378) (12,374) Three Months Ended Six Months Ended For the Year Ended June 30 June 30 December 31 2014 2014 2014 2013 2012 Increase/(decrease) to previously reported Consolidated Statements of Income amounts Other expense $ (2,170) $ (4,340) $ (8,680) $ (10,082) $ (14,177) Provision/(benefit) for income taxes 1,421 2,842 5,684 12,780 13,234 Income/(loss) available to common shareholders 749 1,498 2,996 (2,698) 943 Diluted earnings/(loss) per share 0.01 0.01 0.01 (0.01) - |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investment Securities [Abstract] | |
Schedule Of FHN's Investment Securities | The following tables summarize FHN’s investment securities on June 30, 2015 and 2014: June 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Securities available-for-sale ("AFS"): U.S. treasuries $ 100 $ - $ - $ 100 Government agency issued mortgage-backed securities ("MBS") 804,841 29,068 (3,269) 830,640 Government agency issued collateralized mortgage obligations ("CMO") 2,624,151 20,836 (19,701) 2,625,286 Other U.S. government agencies 1,539 21 - 1,560 States and municipalities 9,455 - - 9,455 Equity and other (a) 182,059 - (240) 181,819 Total securities available-for-sale (b) $ 3,622,145 $ 49,925 $ (23,210) $ 3,648,860 Securities held-to-maturity ("HTM"): States and municipalities $ 4,306 $ 1,050 $ - $ 5,356 Total securities held-to-maturity $ 4,306 $ 1,050 $ - $ 5,356 Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 65.8 million. The remainder is money market and cost method investments. Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. June 30, 2014 Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Securities available-for-sale: U.S. treasuries $ 39,995 $ 4 $ - $ 39,999 Government agency issued MBS 724,785 39,679 (1,622) 762,842 Government agency issued CMO 2,582,242 21,211 (34,065) 2,569,388 Other U.S. government agencies 1,973 88 - 2,061 States and municipalities 15,155 - - 15,155 Equity and other (a) 187,106 17 (26) 187,097 Total securities available-for-sale (b) $ 3,551,256 $ 60,999 $ (35,713) $ 3,576,542 Securities held-to-maturity: States and municipalities $ 4,279 $ 1,277 $ - $ 5,556 Total securities held-to-maturity $ 4,279 $ 1,277 $ - $ 5,556 Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments. Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, 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 and held-to-maturity securities portfolios on June 30, 2015, are provided below: Held-to-Maturity Available-for-Sale Amortized Fair Amortized Fair (Dollars in thousands) Cost Value Cost Value Within 1 year $ - $ - $ 1,539 $ 1,560 After 1 year; within 5 years - - 1,600 1,600 After 5 years; within 10 years - - - - After 10 years 4,306 5,356 7,955 7,955 Subtotal 4,306 5,356 11,094 11,115 Government agency issued MBS and CMO (a) - - 3,428,992 3,455,926 Equity and other - - 182,059 181,819 Total $ 4,306 $ 5,356 $ 3,622,145 $ 3,648,860 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 six months ended June 30: Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Gross gains on sales of securities $ 8 $ 77 $ 284 $ 5,734 Gross losses on sales of securities - - - - Net gain/(loss) on sales of securities (a) 8 77 284 5,734 Venture capital investments (b) - (2,000) - (2,000) Total securities gain/(loss), net $ 8 $ (1,923) $ 284 $ 3,734 Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $ .3 million. Proceeds for the six months ended June 30, 2014 were $ 5.7 million, inclusive of $ 1.4 million of equity securities . Includes write-offs and/or unrealized fair value adjustments related to venture capital investments. |
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 as of June 30, 2015 and 2014: As of June 30, 2015 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 $ 845,534 $ (7,734) $ 450,079 $ (11,967) $ 1,295,613 $ (19,701) Government agency issued MBS 233,521 (2,485) 33,582 (784) 267,103 (3,269) Total debt securities 1,079,055 (10,219) 483,661 (12,751) 1,562,716 (22,970) Equity - - 851 (240) 851 (240) Total temporarily impaired securities $ 1,079,055 $ (10,219) $ 484,512 $ (12,991) $ 1,563,567 $ (23,210) As of June 30, 2014 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 $ 437,212 $ (2,276) $ 1,004,964 $ (31,789) $ 1,442,176 $ (34,065) Government agency issued MBS 34,041 (83) 108,491 (1,539) 142,532 (1,622) Total debt securities 471,253 (2,359) 1,113,455 (33,328) 1,584,708 (35,687) Equity 43 (26) - - 43 (26) Total temporarily impaired securities $ 471,296 $ (2,385) $ 1,113,455 $ (33,328) $ 1,584,751 $ (35,713) |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Loans [Abstract] | |
Schedule Of Loans By Portfolio Segment | The following table provides the balance of loans by portfolio segment as of June 30, 2015 and 2014, and December, 31 2014: June 30 December 31 (Dollars in thousands) 2015 2014 2014 Commercial: Commercial, financial, and industrial $ 9,832,563 $ 8,402,836 $ 9,007,286 Commercial real estate 1,400,715 1,231,513 1,277,717 Retail: Consumer real estate (a) 4,870,271 5,218,930 5,048,071 Permanent mortgage 487,679 594,001 538,961 Credit card & other 345,544 348,429 358,131 Loans, net of unearned income $ 16,936,772 $ 15,795,709 $ 16,230,166 Allowance for loan losses 221,351 243,628 232,448 Total net loans $ 16,715,421 $ 15,552,081 $ 15,997,718 (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information. |
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward [Table Text Block] | The following table presents a rollforward of the accretable yield for the three and six months ended June 30, 2015 and 2014: Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Balance, beginning of period $ 10,468 $ 15,828 $ 14,714 $ 13,490 Additions - 224 - 335 Accretion (1,576) (1,927) (4,948) (3,584) Adjustment for payoffs (760) (489) (2,096) (722) Adjustment for charge-offs - (5) - (69) Increase in accretable yield (a) 216 2,878 678 7,059 Balance, end of period $ 8,348 $ 16,509 $ 8,348 $ 16,509 Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows. |
Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment [Table Text Block] | At June 30, 2015, the ALLL related to PCI loans was $2.8 million compared to $2.5 million at June 30, 2014. A loan loss provision credit of $.3 million was recognized during the three months ended June 30, 2015 as compared to a loan loss provision expense of $.6 million recognized during the three months ended June 30, 2014. A loan loss provision credit of $.6 million was recognized during the six months ended June 30, 2015 as compared to a loan loss provision expense of $1.7 million recognized during the six months ended June 30, 2014. The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of June 30, 2015 and 2014, and December 31, 2014: June 30, 2015 June 30, 2014 December 31, 2014 (Dollars in thousands) Carrying value Unpaid balance Carrying value Unpaid balance Carrying value Unpaid balance Commercial, financial and industrial $ 4,870 $ 5,507 $ 6,738 $ 8,256 $ 5,044 $ 5,813 Commercial real estate 20,262 24,830 32,938 45,295 32,553 43,246 Consumer real estate 1,927 2,796 733 1,074 598 868 Credit card and other 9 11 11 16 10 14 Total $ 27,068 $ 33,144 $ 40,420 $ 54,641 $ 38,205 $ 49,941 |
Information By Class Related To Individually Impaired Loans | Impaired Loans The following tables provide information at June 30, 2015 and 2014, by class related to individually impaired loans and consumer TDR's. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and LOCOM have been excluded. June 30, 2015 Three Months Ended Six Months Ended June 30, 2015 June 30, 2015 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 $ 12,402 $ 15,690 $ - $ 13,016 $ - $ 12,305 $ - Income CRE 4,187 11,262 - 4,198 - 5,283 - Residential CRE - - - - - 287 - Total $ 16,589 $ 26,952 $ - $ 17,214 $ - $ 17,875 $ - Retail: HELOC (a) $ 12,577 $ 30,604 $ - $ 12,588 $ - $ 12,788 $ - R/E installment loans (a) 4,959 6,211 - 4,739 - 4,704 - Permanent mortgage (a) 6,403 8,603 - 6,804 - 7,018 - Total $ 23,939 $ 45,418 $ - $ 24,131 $ - $ 24,510 $ - Impaired loans with related allowance recorded: Commercial: General C&I $ 30,549 $ 37,741 $ 8,117 $ 28,400 $ 237 $ 24,087 $ 490 TRUPS 13,399 13,700 4,810 13,414 - 13,429 - Income CRE 6,788 8,298 533 6,742 33 7,140 63 Residential CRE 1,518 1,886 102 1,571 6 1,534 13 Total $ 52,254 $ 61,625 $ 13,562 $ 50,127 $ 276 $ 46,190 $ 566 Retail: HELOC $ 87,292 $ 89,454 $ 21,967 $ 86,197 $ 461 $ 85,417 $ 909 R/E installment loans 67,269 68,151 19,439 68,330 331 69,227 658 Permanent mortgage 100,754 113,290 17,857 102,194 637 103,555 1,228 Credit card & other 418 418 155 451 4 479 8 Total $ 255,733 $ 271,313 $ 59,418 $ 257,172 $ 1,433 $ 258,678 $ 2,803 Total commercial $ 68,843 $ 88,577 $ 13,562 $ 67,341 $ 276 $ 64,065 $ 566 Total retail $ 279,672 $ 316,731 $ 59,418 $ 281,303 $ 1,433 $ 283,188 $ 2,803 Total impaired loans $ 348,515 $ 405,308 $ 72,980 $ 348,644 $ 1,709 $ 347,253 $ 3,369 June 30, 2014 Three Months Ended Six Months Ended June 30, 2014 June 30, 2014 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 $ 15,489 $ 17,280 $ - $ 14,809 $ - $ 17,594 $ - TRUPS - - - - - 1,625 - Income CRE 6,838 14,397 - 7,669 - 8,090 - Residential CRE 1,148 1,827 - 574 - 287 - Total $ 23,475 $ 33,504 $ - $ 23,052 $ - $ 27,596 $ - Retail: HELOC (a) $ 17,390 $ 38,216 $ - $ 16,771 $ - $ 16,629 $ - R/E installment loans (a) 7,464 10,009 - 8,932 - 9,818 - Permanent mortgage (a) 7,862 9,785 - 7,858 - 8,007 - Total $ 32,716 $ 58,010 $ - $ 33,561 $ - $ 34,454 $ - Impaired loans with related allowance recorded: Commercial: General C&I $ 32,395 $ 38,331 $ 3,150 $ 30,059 $ 78 $ 26,146 $ 157 TRUPS 3,520 3,700 925 8,535 - 16,057 - Income CRE 8,842 10,214 641 10,331 62 11,214 164 Residential CRE 6,029 11,477 667 6,204 61 6,426 124 Total $ 50,786 $ 63,722 $ 5,383 $ 55,129 $ 201 $ 59,843 $ 445 Retail: HELOC $ 77,283 $ 78,492 $ 17,475 $ 75,285 $ 457 $ 73,539 $ 891 R/E installment loans 74,748 75,634 26,450 74,243 297 73,629 566 Permanent mortgage 111,604 125,012 19,323 112,796 706 113,145 1,429 Credit card & other 524 524 266 648 5 653 16 Total $ 264,159 $ 279,662 $ 63,514 $ 262,972 $ 1,465 $ 260,966 $ 2,902 Total commercial $ 74,261 $ 97,226 $ 5,383 $ 78,181 $ 201 $ 87,439 $ 445 Total retail $ 296,875 $ 337,672 $ 63,514 $ 296,533 $ 1,465 $ 295,420 $ 2,902 Total impaired loans $ 371,136 $ 434,898 $ 68,897 $ 374,714 $ 1,666 $ 382,859 $ 3,347 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 June 30, 2015 and 2014. June 30, 2015 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 $ 495,855 $ - $ - $ 554 $ - $ 496,409 4 % $ 126 2 590,328 - - 11,602 41 601,971 5 332 3 484,072 317,856 - 84,178 181 886,287 8 350 4 670,972 366,791 - 96,689 54 1,134,506 10 868 5 1,135,773 304,500 - 213,213 5,288 1,658,774 15 6,372 6 1,223,233 618,616 - 267,983 4,499 2,114,331 20 10,234 7 1,186,480 139,217 - 365,840 2,844 1,694,381 15 13,203 8 749,504 28,068 - 163,904 272 941,748 8 13,942 9 419,687 24,617 - 43,752 383 488,439 4 7,900 10 222,799 - - 27,840 202 250,841 2 5,147 11 179,139 - - 24,010 1,071 204,220 2 5,438 12 76,209 - - 17,884 543 94,636 1 2,704 13 122,862 - 305,382 3,633 287 432,164 4 4,944 14,15,16 109,820 - - 27,045 2,054 138,919 1 12,829 Collectively evaluated for impairment 7,666,733 1,799,665 305,382 1,348,127 17,719 11,137,626 99 84,389 Individually evaluated for impairment 42,951 - 12,785 10,975 1,518 68,229 1 13,562 Purchased credit-impaired loans 5,047 - - 20,612 1,764 27,423 - 2,291 Total commercial loans $ 7,714,731 $ 1,799,665 $ 318,167 $ 1,379,714 $ 21,001 $ 11,233,278 100 % $ 100,242 June 30, 2014 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 $ 366,235 $ - $ - $ - $ - $ 366,235 4 % $ - 2 260,581 - - 3,110 235 263,926 3 245 3 360,700 76,569 - 983 - 438,252 5 307 4 387,884 77,110 - 7,591 - 472,585 5 746 5 760,726 62,031 - 158,071 6,041 986,869 10 2,579 6 991,013 199,651 - 189,927 4,738 1,385,329 14 1,674 7 1,189,915 182,749 - 285,384 6,087 1,664,135 17 2,696 8 771,697 301,174 - 227,419 53 1,300,343 13 2,739 9 686,657 123,423 - 108,523 5,911 924,514 10 5,896 10 375,862 77,058 - 40,228 1,563 494,711 5 5,379 11 361,870 1,517 - 26,275 2,128 391,790 4 8,397 12 136,560 - - 32,356 994 169,910 2 1,857 13 120,903 - 325,882 8,938 2,007 457,730 5 6,435 14,15,16 137,500 - 9,385 49,842 4,944 201,671 2 37,666 Collectively evaluated for impairment 6,908,103 1,101,282 335,267 1,138,647 34,701 9,518,000 99 76,616 Individually evaluated for impairment 47,884 - 3,520 15,680 7,177 74,261 1 5,383 Purchase credit-impaired loans 6,780 - - 33,351 1,957 42,088 - 2,413 Total commercial loans $ 6,962,767 $ 1,101,282 $ 338,787 $ 1,187,678 $ 43,835 $ 9,634,349 100 % $ 84,412 Balances as of June 30 , 2015 and 2014 , each presented net of $ 26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is " 13 ". |
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 June 30, 2015 and 2014: HELOC June 30, 2015 June 30, 2014 Average Average Average Average (Dollars in thousands) Period End Origination Refreshed Period End Origination Refreshed Origination Vintage Balance FICO FICO Balance FICO FICO pre-2003 $ 46,789 708 703 $ 68,332 708 703 2003 86,928 720 709 120,962 723 710 2004 236,022 723 708 346,431 725 713 2005 382,946 730 718 500,404 732 722 2006 306,652 739 727 365,886 740 728 2007 327,360 744 729 384,391 743 729 2008 183,224 753 748 208,637 753 748 2009 92,774 752 744 110,934 751 745 2010 88,337 754 747 106,954 753 750 2011 86,584 758 751 105,295 759 755 2012 107,715 760 757 128,733 759 759 2013 136,449 757 757 167,149 760 760 2014 120,544 761 763 51,982 760 762 2015 60,176 764 763 - - - Total $ 2,262,500 742 732 $ 2,666,090 741 732 |
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The Real Estate Installment Loans | R/E Installment Loans June 30, 2015 June 30, 2014 Average Average Average Average (Dollars in thousands) Period End Origination Refreshed Period End Origination Refreshed Origination Vintage Balance FICO FICO Balance FICO FICO pre-2003 $ 10,180 678 686 $ 18,623 680 683 2003 39,996 713 722 62,823 713 724 2004 34,944 698 697 47,502 700 699 2005 106,185 715 711 141,545 716 712 2006 116,730 712 704 156,538 714 702 2007 175,807 722 708 224,425 724 709 2008 56,222 719 712 74,106 721 714 2009 24,999 736 727 33,506 739 732 2010 82,230 750 760 113,437 748 754 2011 254,298 760 759 309,172 760 759 2012 562,078 764 765 653,179 764 765 2013 443,257 755 757 497,720 757 756 2014 439,744 756 755 220,264 756 754 2015 261,101 757 756 - - - Total $ 2,607,771 749 748 $ 2,552,840 747 744 |
Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans | Permanent Mortgage June 30, 2015 June 30, 2014 Average Average Average Average (Dollars in thousands) Period End Origination Refreshed Period End Origination Refreshed Origination Vintage Balance FICO FICO Balance FICO FICO pre-2004 $ 126,365 722 717 $ 169,338 724 720 2004 14,586 712 711 19,378 713 714 2005 32,187 736 734 37,572 737 737 2006 56,378 732 734 68,693 730 721 2007 176,298 733 717 207,116 733 712 2008 81,865 741 710 91,904 741 704 Total $ 487,679 730 717 $ 594,001 729 713 |
Accruing And Non-Accruing Loans By Class | The following table reflects accruing and non-accruing loans by class on June 30, 2015: 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 $ 7,673,986 $ 4,830 $ 199 $ 7,679,015 $ 13,781 $ 2,536 $ 14,352 $ 30,669 $ 7,709,684 Loans to mortgage companies 1,797,877 1,669 - 1,799,546 - - 119 119 1,799,665 TRUPS (a) 305,382 - - 305,382 - - 12,785 12,785 318,167 Purchased credit-impaired loans 4,153 201 693 5,047 - - - - 5,047 Total commercial (C&I) 9,781,398 6,700 892 9,788,990 13,781 2,536 27,256 43,573 9,832,563 Commercial real estate: Income CRE 1,344,440 2,916 - 1,347,356 1,285 2,041 8,420 11,746 1,359,102 Residential CRE 19,114 123 - 19,237 - - - - 19,237 Purchased credit-impaired loans 22,238 - 138 22,376 - - - - 22,376 Total commercial real estate 1,385,792 3,039 138 1,388,969 1,285 2,041 8,420 11,746 1,400,715 Consumer real estate: HELOC 2,150,344 22,240 9,785 2,182,369 65,345 5,243 9,543 80,131 2,262,500 R/E installment loans 2,557,513 9,172 4,272 2,570,957 27,294 1,873 5,227 34,394 2,605,351 Purchased credit-impaired loans 2,012 4 404 2,420 - - - - 2,420 Total consumer real estate 4,709,869 31,416 14,461 4,755,746 92,639 7,116 14,770 114,525 4,870,271 Permanent mortgage 444,187 5,450 5,569 455,206 15,495 1,981 14,997 32,473 487,679 Credit card & other Credit card 182,477 1,446 1,284 185,207 - - - - 185,207 Other 158,530 873 177 159,580 - - 749 749 160,329 Purchased credit-impaired loans 8 - - 8 - - - - 8 Total credit card & other 341,015 2,319 1,461 344,795 - - 749 749 345,544 Total loans, net of unearned $ 16,662,261 $ 48,924 $ 22,521 $ 16,733,706 $ 123,200 $ 13,674 $ 66,192 $ 203,066 $ 16,936,772 Total TRUPS i nclude s LOCOM valuation allowance of $26.2 million. The following table reflects accruing and non-accruing loans by class on June 30, 2014: 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 $ 6,900,880 $ 9,707 $ 704 $ 6,911,291 $ 13,105 $ 3,850 $ 27,741 $ 44,696 $ 6,955,987 Loans to mortgage companies 1,097,367 3,782 - 1,101,149 - - 133 133 1,101,282 TRUPS (a) 335,267 - - 335,267 - - 3,520 3,520 338,787 Purchased credit-impaired loans 5,226 322 1,232 6,780 - - - - 6,780 Total commercial (C&I) 8,338,740 13,811 1,936 8,354,487 13,105 3,850 31,394 48,349 8,402,836 Commercial real estate: Income CRE 1,134,752 8,044 - 1,142,796 271 133 11,127 11,531 1,154,327 Residential CRE 39,429 - - 39,429 1,297 - 1,152 2,449 41,878 Purchased credit-impaired loans 29,827 259 5,222 35,308 - - - - 35,308 Total commercial real estate 1,204,008 8,303 5,222 1,217,533 1,568 133 12,279 13,980 1,231,513 Consumer real estate: HELOC 2,548,170 19,772 9,677 2,577,619 71,653 5,888 10,930 88,471 2,666,090 R/E installment loans 2,490,461 11,264 7,889 2,509,614 32,881 3,002 6,568 42,451 2,552,065 Purchased credit-impaired loans 775 - - 775 - - - - 775 Total consumer real estate 5,039,406 31,036 17,566 5,088,008 104,534 8,890 17,498 130,922 5,218,930 Permanent mortgage 546,846 5,559 4,573 556,978 16,935 3,410 16,678 37,023 594,001 Credit card & other Credit card 184,014 2,010 1,564 187,588 - - - - 187,588 Other 158,233 937 317 159,487 - - 1,342 1,342 160,829 Purchased credit-impaired loans 12 - - 12 - - - - 12 Total credit card & other 342,259 2,947 1,881 347,087 - - 1,342 1,342 348,429 Total loans, net of unearned $ 15,471,259 $ 61,656 $ 31,178 $ 15,564,093 $ 136,142 $ 16,283 $ 79,191 $ 231,616 $ 15,795,709 Total TRUPS i nclu des LOCOM valuation allowance of $ 26.2 million. |
Schedule Of Troubled Debt Restructurings Occurring During The Year | The following tables reflect portfolio loans that were classified as TDRs during the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 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 $ 1,388 $ 1,325 Total commercial (C&I) - - - 2 1,388 1,325 Consumer real estate: HELOC 65 7,237 7,147 102 10,964 10,854 R/E installment loans 22 1,912 1,916 38 3,266 3,293 Total consumer real estate 87 9,149 9,063 140 14,230 14,147 Permanent mortgage 4 1,718 1,733 6 2,039 2,054 Credit card & other 6 20 19 12 48 46 Total troubled debt restructurings 97 $ 10,887 $ 10,815 160 $ 17,705 $ 17,572 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 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 $ 736 $ 522 2 $ 736 $ 522 Total commercial (C&I) 2 736 522 2 736 522 Commercial real estate: Income CRE 2 421 421 2 421 421 Residential CRE 1 976 960 1 976 960 Total commercial real estate 3 1,397 1,381 3 1,397 1,381 Consumer real estate: HELOC 97 8,279 8,557 164 14,069 14,325 R/E installment loans 45 3,132 3,093 117 8,275 8,195 Total consumer real estate 142 11,411 11,650 281 22,344 22,520 Permanent mortgage 12 2,082 2,080 24 6,675 6,167 Credit card & other 14 60 57 34 147 142 Total troubled debt restructurings 173 $ 15,686 $ 15,690 344 $ 31,299 $ 30,732 |
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months | The following tables present TDRs which re-defaulted during the three and six months ended June 30, 2015 and 2014, and as to which the modification occurred 12 months or less prior to the re-default. Financing receivables that became classified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due. Three Months Ended Six Months Ended June 30, 2015 June 30, 2015 Recorded Recorded (Dollars in thousands) Number Investment Number Investment Commercial (C&I): General C&I - $ - - $ - Total commercial (C&I) - - - - Commercial real estate: Income CRE - - - - Residential CRE 1 896 1 896 Total commercial real estate 1 896 1 896 Consumer real estate: HELOC 6 278 7 308 R/E installment loans 1 26 2 112 Total consumer real estate 7 304 9 420 Permanent mortgage - - - - Credit card & other 2 5 3 8 Total troubled debt restructurings 10 $ 1,205 13 $ 1,324 Three Months Ended Six Months Ended June 30, 2014 June 30, 2014 Recorded Recorded (Dollars in thousands) Number Investment Number Investment Commercial (C&I): General C&I - $ - 4 $ 512 Total commercial (C&I) - - 4 512 Commercial real estate: Income CRE - - 2 389 Residential CRE - - - - Total commercial real estate - - 2 389 Consumer real estate: HELOC 2 128 5 339 R/E installment loans 5 305 7 368 Total consumer real estate 7 433 12 707 Permanent mortgage 2 781 2 781 Credit card & other 2 4 2 4 Total troubled debt restructurings 11 $ 1,218 22 $ 2,393 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Loans And Leases Receivable Allowance [Abstract] | |
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 six months ended June 30, 2015 and 2014: Commercial Consumer Permanent Credit Card (Dollars in thousands) C&I Real Estate Real Estate Mortgage and Other Total Balance as of April 1, 2014 $ 72,732 $ 15,523 $ 123,409 $ 22,521 $ 13,061 $ 247,246 Charge-offs (5,449) (747) (8,074) (879) (3,615) (18,764) Recoveries 1,517 1,732 5,470 694 733 10,146 Provision/(provision credit) for loan losses (209) (687) (2,768) 1,391 7,273 5,000 Balance as of June 30, 2014 68,591 15,821 118,037 23,727 17,452 243,628 Balance as of January 1, 2014 $ 86,446 $ 10,603 $ 126,785 $ 22,491 $ 7,484 $ 253,809 Charge-offs (11,256) (1,374) (20,338) (3,097) (7,391) (43,456) Recoveries 3,119 2,011 10,444 1,272 1,429 18,275 Provision/(provision credit) for loan losses (9,718) 4,581 1,146 3,061 15,930 15,000 Balance as of June 30, 2014 68,591 15,821 118,037 23,727 17,452 243,628 Allowance - individually evaluated for impairment 4,075 1,308 43,925 19,323 266 68,897 Allowance - collectively evaluated for impairment 64,473 12,143 74,071 4,404 17,185 172,276 Allowance - purchase credit impaired loans 43 2,370 41 - 1 2,455 Loans, net of unearned as of June 30, 2014: Individually evaluated for impairment 51,404 22,857 176,885 119,466 524 371,136 Collectively evaluated for impairment 8,344,652 1,173,348 5,041,270 474,535 347,893 15,381,698 Purchased credit-impaired loans 6,780 35,308 775 - 12 42,875 Total loans, net of unearned $ 8,402,836 $ 1,231,513 $ 5,218,930 $ 594,001 $ 348,429 $ 15,795,709 Balance as of April 1, 2015 $ 67,652 $ 17,665 $ 109,245 $ 20,186 $ 13,580 $ 228,328 Charge-offs (4,976) (888) (6,903) (809) (5,858) (19,434) Recoveries 926 153 7,851 671 856 10,457 Provision/(provision credit) for loan losses 15,148 4,562 (24,736) 2,329 4,697 2,000 Balance as of June 30, 2015 78,750 21,492 85,457 22,377 13,275 221,351 Balance as of January 1, 2015 $ 67,011 $ 18,574 $ 113,011 $ 19,122 $ 14,730 $ 232,448 Charge-offs (8,531) (1,675) (15,440) (1,993) (9,794) (37,433) Recoveries 2,879 844 12,575 1,289 1,749 19,336 Provision/(provision credit) for loan losses 17,391 3,749 (24,689) 3,959 6,590 7,000 Balance as of June 30, 2015 78,750 21,492 85,457 22,377 13,275 221,351 Allowance - individually evaluated for impairment 12,927 635 41,406 17,857 155 72,980 Allowance - collectively evaluated for impairment 65,646 18,743 43,558 4,520 13,120 145,587 Allowance - purchased credit-impaired loans 177 2,114 493 - - 2,784 Loans, net of unearned as of June 30, 2015: Individually evaluated for impairment 55,736 12,493 172,097 107,157 418 347,901 Collectively evaluated for impairment 9,771,780 1,365,846 4,695,754 380,522 345,118 16,559,020 Purchased credit-impaired loans 5,047 22,376 2,420 - 8 29,851 Total loans, net of unearned $ 9,832,563 $ 1,400,715 $ 4,870,271 $ 487,679 $ 345,544 $ 16,936,772 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Goodwill And Intangible Assets Disclosure [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, 2013 $ 141,943 $ 21,988 Amortization expense - (1,963) June 30, 2014 $ 141,943 $ 20,025 December 31, 2014 $ 145,932 $ 29,518 Amortization expense - (2,596) June 30, 2015 $ 145,932 $ 26,922 (a ) Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete. |
Summary Of Gross Goodwill And Accumulated Impairment Losses And Write-Offs Detailed By Reportable Segments | Gross goodwill, accumulated impairments, and accumulated divestiture related write-offs were determined beginning January 1, 2012, when a change in accounting requirements resulted in goodwill being assessed for impairment rather than being amortized. Gross goodwill of $200.0 million with accumulated impairments and accumulated divestiture related write-offs of $114.1 million and $85.9 million, respectively, were previously allocated to the non-strategic segment, resulting in $0 net goodwill allocated to the non-strategic segment as of June 30, 2014 and 2015. The regional bank and fixed income segments do not have any accumulated impairments or divestiture related write-offs. The following is a summary of goodwill by reportable segment included in the Consolidated Condensed Statements of Condition as of June 30, 2014 and 2015. Regional Fixed (Dollars in thousands) Banking Income Total December 31, 2013 $ 43,939 $ 98,004 $ 141,943 Additions - - - Impairments - - - Divestitures - - - Net change in goodwill during 2014 - - - June 30, 2014 $ 43,939 $ 98,004 $ 141,943 December 31, 2014 $ 47,928 $ 98,004 $ 145,932 Additions - - - Impairments - - - Divestitures - - - Net change in goodwill during 2015 - - - June 30, 2015 $ 47,928 $ 98,004 $ 145,932 |
Other Income And Other Expense
Other Income And Other Expense (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 All other income and commissions: ATM interchange fees $ 3,025 $ 2,746 $ 5,786 $ 5,243 Letter of credit fees 1,532 1,173 2,655 2,836 Electronic banking fees 1,459 1,535 2,887 3,069 Deferred compensation (a) (35) 1,184 998 1,841 Gain/(loss) on extinguishment of debt - - - (4,350) Other 6,421 2,597 9,546 5,490 Total $ 12,402 $ 9,235 $ 21,872 $ 14,129 All other expense: Other insurance and taxes $ 3,455 $ 3,209 $ 6,784 $ 6,269 Travel and entertainment 2,632 2,645 4,246 4,469 Customer relations 1,505 1,680 2,819 2,923 Employee training and dues 1,449 1,200 2,581 2,066 Supplies 880 804 1,807 1,920 Miscellaneous loan costs 734 839 1,095 1,553 Tax credit investments 549 862 944 1,187 Litigation and regulatory matters - (38,200) 162,500 (38,110) Other 9,307 8,902 17,730 18,147 Total $ 20,511 $ (18,059) $ 200,506 $ 424 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1-Financial Information for addition information. Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense. |
Changes in Accumulated Other 34
Changes in Accumulated Other Comprehensive Income/(Loss) (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Table Text Block Supplement [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 six months ended June 30, 2015: (Dollars in thousands, unless otherwise noted) Unrealized Gain/(Loss) On Securities Available-For-Sale Pension and Post Retirement Plans Total Balance as of April 1, 2015 $ 36,585 $ (205,744) $ (169,159) Other comprehensive income before reclassifications, Net of tax benefit of $12.7 million for unrealized gain/(loss) on securities available-for-sale (20,100) - (20,100) Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.6 million for pension and post retirement plans - 1,011 1,011 Net current period other comprehensive income, Net of tax benefit of $12.7 million and tax expense of $.6 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively (20,100) 1,011 (19,089) Balance as of June 30, 2015 $ 16,485 $ (204,733) $ (188,248) Balance as of January 1, 2015 $ 18,581 $ (206,827) $ (188,246) Other comprehensive income before reclassifications, Net of tax benefit of $1.3 million for unrealized gain/(loss) on securities available-for-sale (2,096) - (2,096) Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $1.3 million for pension and post retirement plans - 2,094 2,094 Net current period other comprehensive income, Net of tax benefit of $1.3 million and tax expense of $1.3 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively (2,096) 2,094 (2) Balance as of June 30, 2015 $ 16,485 $ (204,733) $ (188,248) The following table provides the changes in accumulated other comprehensive income by component, net of tax, for the three and six months ended June 30, 2014: (Dollars in thousands, unless otherwise noted) Unrealized Gain/(Loss) On Securities Available-For-Sale Pension and Post Retirement Plans Total Balance as of April 1, 2014 $ (1,762) $ (138,357) $ (140,119) Other comprehensive income before reclassifications, Net of tax expense of $10.9 million for unrealized gain/(loss) on securities available-for-sale 17,358 - 17,358 Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.4 million for pension and post retirement plans - 650 650 Net current period other comprehensive income, Net of tax expense of $10.9 million and $.4 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively 17,358 650 18,008 Balance as of June 30, 2014 $ 15,596 $ (137,707) $ (122,111) Balance as of January 1, 2014 $ (11,241) $ (138,768) $ (150,009) Other comprehensive income before reclassifications, Net of tax expense of $16.8 million for unrealized gain/(loss) on securities available-for-sale 26,837 - 26,837 Amounts reclassified from accumulated other comprehensive income, Net of tax expense of $.7 million for pension and post retirement plans - 1,061 1,061 Net current period other comprehensive income, Net of tax expense of $16.8 million and $.7 million for unrealized gain/(loss) on securities available-for-sale and pension and post retirement plans, respectively 26,837 1,061 27,898 Balance as of June 30, 2014 $ 15,596 $ (137,707) $ (122,111) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders | The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding: Three Months Ended Six Months Ended June 30 June 30 (Dollars and shares in thousands, except per share data) 2015 2014 2015 2014 Net income/(loss) $ 54,957 $ 81,929 $ (17,448) $ 131,908 Net income attributable to noncontrolling interest 2,851 2,859 5,609 5,672 Net income/(loss) attributable to controlling interest 52,106 79,070 (23,057) 126,236 Preferred stock dividends 1,550 1,550 3,100 3,100 Net income/(loss) available to common shareholders $ 50,556 $ 77,520 $ (26,157) $ 123,136 Weighted average common shares outstanding - basic 232,800 235,797 232,808 235,492 Effect of dilutive securities 1,869 1,453 - 1,833 Weighted average common shares outstanding - diluted 234,669 237,250 232,808 237,325 Net income/(loss) per share available to common shareholders $ 0.22 $ 0.33 $ (0.11) $ 0.52 Diluted income/(loss) per share available to common shareholders $ 0.22 $ 0.33 $ (0.11) $ 0.52 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information. |
Contingencies And Other Discl36
Contingencies And Other Disclosures (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Commitments And Contingencies Disclosure Abstract | |
Schedule Of Original Purchase And Ending Balance Amount Of Investments Subject To Litigation | (Dollars in thousands) Alt-A Jumbo Vintage Original Purchase Price: 2005 $ 202,417 $ - 2006 325,613 32,540 2007 199,012 50,000 Total $ 727,042 $ 82,540 Ending Balance per the June 25, 2015, trust statements: 2005 $ 46,314 $ - 2006 82,097 7,614 2007 79,024 14,020 Total $ 207,435 $ 21,634 |
Pension, Savings, And Other E37
Pension, Savings, And Other Employee Benefits (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30 are as follows: Pension Benefits Other Benefits (Dollars in thousands) 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 10 $ 17 $ 38 $ 55 Interest cost 9,020 8,660 360 458 Expected return on plan assets (9,391) (10,018) (242) (255) Amortization of unrecognized: Prior service cost/(credit) 83 87 (291) (291) Actuarial (gain)/loss 2,395 1,635 (244) (252) Net periodic benefit cost $ 2,117 $ 381 $ (379) $ (285) The components of net periodic benefit cost for the six months ended June 30 are as follows: Pension Benefits Other Benefits (Dollars in thousands) 2015 2014 2015 2014 Components of net periodic benefit cost Service cost $ 20 $ 34 $ 75 $ 110 Interest cost 18,040 17,320 720 916 Expected return on plan assets (18,783) (20,036) (483) (510) Amortization of unrecognized: Prior service cost/(credit) 166 174 (582) (582) Actuarial (gain)/loss 4,791 3,270 (488) (378) Net periodic benefit cost $ 4,234 $ 762 $ (758) $ (444) |
Business Segment Information (T
Business Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Business Segment Information [Abstract] | |
Amounts Of Consolidated Revenue, Expense, Tax And Assets | Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Consolidated Net interest income $ 166,640 $ 156,768 $ 323,506 $ 309,127 Provision for loan losses 2,000 5,000 7,000 15,000 Noninterest income 130,301 126,901 259,990 272,631 Noninterest expense 218,394 163,162 594,615 381,206 Income/(loss) before income taxes 76,547 115,507 (18,119) 185,552 Provision/(benefit) for income taxes 21,590 33,578 (671) 53,644 Net income/(loss) $ 54,957 $ 81,929 $ (17,448) $ 131,908 Average assets $ 25,414,048 $ 23,647,298 $ 25,528,689 $ 23,778,347 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information. Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Regional Banking Net interest income $ 165,908 $ 148,675 $ 320,317 $ 290,701 Provision/(provision credit) for loan losses 17,078 8,425 21,993 21,415 Noninterest income 65,989 66,227 126,193 126,219 Noninterest expense 144,203 132,996 279,983 265,539 Income/(loss) before income taxes 70,616 73,481 144,534 129,966 Provision/(benefit) for income taxes 24,996 26,070 51,377 46,153 Net income/(loss) $ 45,620 $ 47,411 $ 93,157 $ 83,813 Average assets $ 15,023,869 $ 13,053,129 $ 14,628,188 $ 12,835,470 Fixed Income Net interest income $ 4,297 $ 2,587 $ 8,620 $ 6,063 Noninterest income 56,001 47,564 117,566 104,323 Noninterest expense 51,214 116 105,897 52,714 Income/(loss) before income taxes 9,084 50,035 20,289 57,672 Provision/(benefit) for income taxes 3,171 19,143 7,338 21,986 Net income/(loss) $ 5,913 $ 30,892 $ 12,951 $ 35,686 Average assets $ 2,416,132 $ 2,074,593 $ 2,431,118 $ 2,056,581 Corporate Net interest income/(expense) $ (17,376) $ (11,968) $ (33,460) $ (21,891) Noninterest income 3,901 5,215 9,286 18,430 Noninterest expense 13,770 13,532 27,939 30,859 Income/(loss) before income taxes (27,245) (20,285) (52,113) (34,320) Provision/(benefit) for income taxes (15,882) (16,369) (27,522) (26,997) Net income/(loss) $ (11,363) $ (3,916) $ (24,591) $ (7,323) Average assets $ 5,565,279 $ 5,341,568 $ 5,987,666 $ 5,595,768 Non-Strategic Net interest income $ 13,811 $ 17,474 $ 28,029 $ 34,254 Provision/(provision credit) for loan losses (15,078) (3,425) (14,993) (6,415) Noninterest income 4,410 7,895 6,945 23,659 Noninterest expense 9,207 16,518 180,796 32,094 Income/(loss) before income taxes 24,092 12,276 (130,829) 32,234 Provision/(benefit) for income taxes 9,305 4,734 (31,864) 12,502 Net income/(loss) $ 14,787 $ 7,542 $ (98,965) $ 19,732 Average assets $ 2,408,768 $ 3,178,008 $ 2,481,717 $ 3,290,528 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information. |
Variable Interest Entities (Tab
Variable Interest Entities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Variable Interest Entities [Abstract] | |
Summary Of VIEs Consolidated By FHN | The following table summarizes VIEs consolidated by FHN as of June 30, 2015 and 2014: June 30, 2015 June 30, 2014 On-Balance Sheet Consumer Loan Securitization Rabbi Trusts Used for Deferred Compensation Plans On-Balance Sheet Consumer Loan Securitization Rabbi Trusts Used for Deferred Compensation Plans (Dollars in thousands) Carrying Value Carrying Value Carrying Value Carrying Value Assets: Cash and due from banks $ 1,382 N/A $ - N/A Loans, net of unearned income 66,444 N/A 84,381 N/A Less: Allowance for loan losses 214 N/A 725 N/A Total net loans 66,230 N/A 83,656 N/A Other assets 184 $ 69,077 410 $ 66,360 Total assets $ 67,796 $ 69,077 $ 84,066 $ 66,360 Liabilities: Term borrowings $ 55,679 N/A $ 74,103 N/A Other liabilities 3 $ 51,861 4 $ 50,816 Total liabilities $ 55,682 $ 51,861 $ 74,107 $ 50,816 |
Summary of the Impact of Qualifying LIHTC Investments | LIHTC investments that do not qualify for the proportional amortization method as defined in ASU 2014-01 and discussed in Note 1 are accounted for using the equity method. Expenses associated with these investments were not material for the three and six months ended June 30, 2015 and 2014. The following table summarizes the impact to the Provision/(benefit) for income taxes on the Consolidated Condensed Statements of Income for the three and six month periods ending June 30, 2015 and 2014 for LIHTC investments accounted for under the proportional amortization method. Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Provision/(benefit) for income taxes: Amortization of qualifying LIHTC investments $ 2,180 $ 2,470 $ 4,360 $ 4,940 Low income housing tax credits (2,363) (2,463) (4,726) (4,925) Other tax benefits related to qualifying LIHTC investments (755) (1,864) (1,599) (3,719) |
Summary Of VIEs Not Consolidated By FHN | The following table summarizes FHN’s nonconsolidated VIEs as of June 30, 2015: Maximum Liability (Dollars in thousands) Loss Exposure Recognized Classification Type Low income housing partnerships $ 68,405 $ 11,976 (a) Other Tax Credit Investments (b) (c) 21,690 - Other assets Small issuer trust preferred holdings (d) 344,321 - Loans, net of unearned income On-balance sheet trust preferred securitization 50,506 63,686 (e) Proprietary trust preferred issuances (f) N/A 206,186 Term borrowings Proprietary and agency residential mortgage securitizations 24,664 - (g) Holdings of agency mortgage-backed securities (d) 3,929,684 - (h) Short positions in agency mortgage-backed securities (f) N/A 1,486 Trading liabilities Commercial loan troubled debt restructurings (i) (j) 36,047 - Loans, net of unearned income Managed discretionary trusts (f) N/A N/A N/A Maximum loss exposure represents $ 56 . 4 million of current investments and $ 12 . 0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 . A lia bility is not recognized as investments are written down over the life of the related tax credit. Maximum loss exposure represe nts current investment balance. Of the initial investment, $ 1 8 . 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 ho lder 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 $ 63.7 million classified as Term borrowings. No exposure to loss due to the nature of FHN’s involvement. Includes $ . 6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 4 . 9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servi cing advances of $ 19 . 1 million are classified as Other assets. Includes $ 473.8 million classified as Trading securities and $ 3 . 5 billion cla ssified as Securities available-for- sale. Maximum loss exposure represents $ 30 . 9 million of current receivables and $ 5 . 1 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’ operat ions. The following table summarizes FHN's nonconsolidated VIEs as of June 30, 2014: Maximum Liability (Dollars in thousands) Loss Exposure Recognized Classification Type Low income housing partnerships $ 60,134 $ 6,471 (a) Other Tax Credit Investments (b) (c) 22,359 - Other assets Small issuer trust preferred holdings (d) 364,942 - Loans, net of unearned income On-balance sheet trust preferred securitization 52,682 61,491 (e) Proprietary trust preferred issuances (f) N/A 206,186 Term borrowings Proprietary and agency residential mortgage securitizations 35,118 - (g) Holdings of agency mortgage-backed securities (d) 3,703,941 - (h) Short positions in agency mortgage-backed securities (f) N/A 1,092 Trading liabilities Commercial loan troubled debt restructurings (i) (j) 57,157 - Loans, net of unearned income Managed discretionary trusts (f) N/A N/A N/A Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1—Financial Information for additional information. Maximum loss exposure represents $ 53.7 million of current investments and $ 6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for futu re funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 . A liability is not recognized as investments are written down over the life of the related tax credi t. 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 $ 61 . 5 million classified as Term borrowings. No expos ure to loss due to the nature of FHN’s involveme nt. Includes $ 1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 6 . 4 million classified as Trading securities related to proprietary and agency residenti al mortga ge securitizations . Aggregate servicing advances of $ 27 . 6 million are classified as Other assets. Includes $ 371 . 7 million classified as Trading securities and $ 3 . 3 billion cla ssified as Securities available-for- sale. Maximum loss exposure represen ts $ 54 . 0 million of current receivables and $ 3 . 1 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) | 6 Months Ended |
Jun. 30, 2015 | |
Derivatives [Abstract] | |
Derivatives Associated With Fixed Income Trading Activities | The following tables summarize FHN’s derivatives associated with fixed income trading activities as of June 30, 2015 and 2014: June 30, 2015 (Dollars in thousands) Notional Assets Liabilities Customer Interest Rate Contracts $ 1,640,844 $ 66,078 $ 3,285 Offsetting Upstream Interest Rate Contracts 1,640,844 3,285 66,078 Option Contracts Purchased 15,000 55 - Forwards and Futures Purchased 2,297,489 2,773 2,174 Forwards and Futures Sold 2,531,248 2,526 2,614 June 30, 2014 (Dollars in thousands) Notional Assets Liabilities Customer Interest Rate Contracts $ 1,760,032 $ 80,710 $ 4,948 Offsetting Upstream Interest Rate Contracts 1,760,032 4,948 80,710 Option Contracts Purchased 17,500 29 - Option Contracts Written 5,000 - 4 Forwards and Futures Purchased 2,378,633 4,571 330 Forwards and Futures Sold 2,487,732 548 4,980 |
Derivatives Associated With Interest Rate Risk Management Activities | The following tables summarize FHN’s derivatives associated with interest rate risk management activities as of and for the three and six months ended June 30, 2015 and 2014: Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2015 June 30, 2015 Customer Interest Rate Contracts Hedging Hedging Instruments and Hedged Items: Customer Interest Rate Contracts (a) $ 744,167 $ 24,148 $ 409 $ (6,158) $ (1,915) Offsetting Upstream Interest Rate Contracts (a) 744,167 409 24,648 6,158 1,915 Debt Hedging Hedging Instruments: Interest Rate Swaps (b) $ 1,350,000 $ 15,954 $ 5,131 $ (10,810) $ (9,840) Hedged Items: Term Borrowings (b) N/A N/A $ 1,350,000 (c) $ 10,735 (d) $ 9,812 (d) Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2014 June 30, 2014 Customer Interest Rate Contracts Hedging Hedging Instruments and Hedged Items: Customer Interest Rate Contracts (a) $ 759,266 $ 28,143 $ 997 $ 2,714 $ 2,069 Offsetting Upstream Interest Rate Contracts (a) 775,204 997 28,643 (2,714) (2,069) Debt Hedging Hedging Instruments: Interest Rate Swaps (b) $ 1,254,000 $ 42,121 $ 12,095 $ (3,628) $ (3,239) Hedged Items: Term Borrowings (b) N/A N/A $ 1,254,000 (c) $ 3,628 (d) $ 3,239 (d) Gains/losses included in the All o ther expense section of the Consolidated Condensed Statements of Income. Gains/losses included in the All other income and commissions section of the Consolidated Condensed Statements of Income. Represents par value of term borrowings being hedged. Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships. |
Schedule Of Derivative Activities Associated With Trust Preferred Loans | The following tables summarize FHN’s derivative activities associated with held-to-maturity trust preferred loans as of and for the three and six months ended June 30, 2015 and 2014: Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2015 June 30, 2015 Loan Portfolio Hedging Hedging Instruments: Interest Rate Swaps $ 6,500 N/A $ 640 $ 63 $ 104 Hedged Items: Trust Preferred Loans (a) N/A $ 6,500 (b) N/A $ (62) (c) $ (103) (c) Gains/(Losses) Three Months Ended Six Months Ended (Dollars in thousands) Notional Assets Liabilities June 30, 2014 June 30, 2014 Loan Portfolio Hedging Hedging Instruments: Interest Rate Swaps $ 6,500 N/A $ 900 $ 42 $ 105 Hedged Items: Trust Preferred Loans (a) N/A $ 6,500 (b) N/A $ (41) (c) $ (104) (c) Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition. Represents principal balance being hedged. Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships. |
Derivative Assets And Collateral Received | The following table provides a detail of derivative assets and collateral received as presented on the Consolidated Condensed Statements of Condition as of June 30: Gross amounts not offset in the Statement of Condition Gross amounts Net amounts of Derivative Gross amounts offset in the assets presented liabilities of recognized Statement of in the Statement available for Collateral (Dollars in thousands) assets Condition of Condition (a) offset Received Net amount Derivative assets: 2015 (b) $ 109,874 $ - $ 109,874 $ (15,750) $ (93,656) $ 468 2014 (b) 156,919 - 156,919 (26,475) (129,064) 1,380 In cluded in Derivative a ssets on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 5 . 4 million and $ 5.1 million, respectively, of derivative assets (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. 201 5 and 2014 are comprised entirely of interest rate derivative contracts. |
Derivative Liabilities and Collateral Pledged | The following table provides a detail of derivative liabilities and collateral pledged as presented on the Consolidated Condensed Statements of Condition as of June 30: Gross amounts not offset in the Statement of Condition Gross amounts Net amounts of Gross amounts offset in the liabilities presented Derivative of recognized Statement of in the Statement assets available Collateral (Dollars in thousands) liabilities Condition of Condition (a) for offset pledged Net amount Derivative liabilities: 2015 (b) $ 100,191 $ - $ 100,191 $ (15,750) $ (68,775) $ 15,666 2014 (b) 128,293 - 128,293 (26,475) (88,935) 12,883 In cluded in Derivative l iabilities on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 9 . 6 million and $ 10.0 million, respectively, of derivative liabilities (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. 2015 and 2014 are comprised entirely of interest rate derivative contracts. |
Master Netting And Similar Ag41
Master Netting And Similar Agreements (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Master Netting And Similar Agreements [Abstract] | |
Securities Purchased Under Agreements To Resell And Collateral Pledged By Counterparties [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 counterparties as of June 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: 2015 $ 816,991 $ - $ 816,991 $ (3,605) $ (805,178) $ 8,208 2014 624,477 - 624,477 (61,094) (555,665) 7,718 |
Securities Sold Under Agreements To Repurchase And Collateral Pledged By Company [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 FHN as of June 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: 2015 $ 311,760 $ - $ 311,760 $ (3,605) $ (308,088) $ 67 2014 475,530 - 475,530 (61,094) (414,373) 63 |
Schedule of the Remaining Contractual Maturity by Collateral Type of Securities Sold Under Agreements To Repurchase | Due to the short duration of Securities sold under agreements to repurchase and the nature of collateral involved, the risks associated with these transactions are considered minimal. The following table provides a detail, by collateral type, of the remaining contractual maturity of Securities sold under agreements to repurchase as of June 30: June 30, 2015 Overnight and (Dollars in thousands) Continuous Up to 30 Days Total Securities sold under agreements to repurchase: U.S. treasuries $ 15,175 $ - $ 15,175 Government agency issued MBS 93,697 - 93,697 Government agency issued CMO 190,438 12,450 202,888 Total Securities sold under agreements to repurchase $ 299,310 $ 12,450 $ 311,760 |
Fair Value Of Assets And Liab42
Fair Value Of Assets And Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Of Assets And Liabilities [Abstract] | |
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis | Recurring Fair Value Measurements The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2015: June 30, 2015 (Dollars in thousands) Level 1 Level 2 Level 3 Total Trading securities - fixed income: U.S. treasuries $ - $ 109,998 $ - $ 109,998 Government agency issued MBS - 327,082 - 327,082 Government agency issued CMO - 146,675 - 146,675 Other U.S. government agencies - 83,416 - 83,416 States and municipalities - 64,597 - 64,597 Corporate and other debt - 393,191 5 393,196 Equity, mutual funds, and other - 3,602 - 3,602 Total trading securities - fixed income - 1,128,561 5 1,128,566 Trading securities - mortgage banking: Principal only - - 3,740 3,740 Interest only - - 78 78 Subordinated bonds - - 1,106 1,106 Total trading securities - mortgage banking - - 4,924 4,924 Loans held-for-sale - - 26,525 26,525 Securities available-for-sale: U.S. treasuries - 100 - 100 Government agency issued MBS - 830,640 - 830,640 Government agency issued CMO - 2,625,286 - 2,625,286 Other U.S. government agencies - - 1,560 1,560 States and municipalities - 7,955 1,500 9,455 Equity, mutual funds, and other 25,825 - - 25,825 Total securities available-for-sale 25,825 3,463,981 3,060 3,492,866 Other assets: Mortgage servicing rights - - 2,158 2,158 Deferred compensation assets 27,341 - - 27,341 Derivatives, forwards and futures 5,299 - - 5,299 Derivatives, interest rate contracts - 109,929 - 109,929 Derivatives, other - 2 - 2 Total other assets 32,640 109,931 2,158 144,729 Total assets $ 58,465 $ 4,702,473 $ 36,672 $ 4,797,610 Trading liabilities - fixed income: U.S. treasuries $ - $ 406,879 $ - $ 406,879 Government agency issued MBS - 1,486 - 1,486 Other U.S. government agencies - 25,036 - 25,036 Corporate and other debt - 299,163 - 299,163 Total trading liabilities - fixed income - 732,564 - 732,564 Other liabilities: Derivatives, forwards and futures 4,788 - - 4,788 Derivatives, interest rate contracts - 100,191 - 100,191 Derivatives, other - 26 4,810 4,836 Total other liabilities 4,788 100,217 4,810 109,815 Total liabilities $ 4,788 $ 832,781 $ 4,810 $ 842,379 The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of June 30, 2014: June 30, 2014 (Dollars in thousands) Level 1 Level 2 Level 3 Total Trading securities - fixed income: U.S. treasuries $ - $ 235,389 $ - $ 235,389 Government agency issued MBS - 195,911 - 195,911 Government agency issued CMO - 175,799 - 175,799 Other U.S. government agencies - 71,228 - 71,228 States and municipalities - 41,144 - 41,144 Corporate and other debt - 402,348 5 402,353 Equity, mutual funds, and other - 22,040 - 22,040 Total trading securities - fixed income - 1,143,859 5 1,143,864 Trading securities - mortgage banking: Principal only - - 4,707 4,707 Interest only - - 322 322 Subordinated bonds - - 1,387 1,387 Total trading securities - mortgage banking - - 6,416 6,416 Loans held-for-sale - - 232,487 232,487 Securities available-for-sale: U.S. treasuries - 39,999 - 39,999 Government agency issued MBS - 762,842 - 762,842 Government agency issued CMO - 2,569,388 - 2,569,388 Other U.S. government agencies - - 2,061 2,061 States and municipalities - 13,655 1,500 15,155 Venture capital - - 2,300 2,300 Equity, mutual funds, and other 25,995 - - 25,995 Total securities available-for-sale 25,995 3,385,884 5,861 3,417,740 Other assets: Mortgage servicing rights - - 3,197 3,197 Deferred compensation assets 24,860 - - 24,860 Derivatives, forwards and futures 5,119 - - 5,119 Derivatives, interest rate contracts - 156,948 - 156,948 Total other assets 29,979 156,948 3,197 190,124 Total assets $ 55,974 $ 4,686,691 $ 247,966 $ 4,990,631 Trading liabilities - fixed income: U.S. treasuries $ - $ 479,210 $ - $ 479,210 Government agency issued MBS - 1,092 - 1,092 Other U.S. government agencies - 11,167 - 11,167 States and municipalities - 3,216 - 3,216 Corporate and other debt - 211,434 - 211,434 Total trading liabilities - fixed income - 706,119 - 706,119 Other liabilities: Derivatives, forwards and futures 5,310 - - 5,310 Derivatives, interest rate contracts - 128,297 - 128,297 Derivatives, other - 4 4,725 4,729 Total other liabilities 5,310 128,301 4,725 138,336 Total liabilities $ 5,310 $ 834,420 $ 4,725 $ 844,455 |
Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value | Changes in Recurring Level 3 Fair Value Measurements The changes in Level 3 assets and liabilities measured at fair value for the three months ended June 30, 2015 and 2014, on a recurring basis are summarized as follows: Three Months Ended June 30, 2015 Securities Mortgage Trading Loans held- available- servicing Net derivative (Dollars in thousands) securities for-sale for-sale rights, net liabilities Balance on April 1, 2015 $ 5,326 $ 26,700 $ 3,191 $ 2,342 $ (5,005) Total net gains/(losses) included in: Net income 69 248 - - (107) Other comprehensive income /(loss) - - (14) - - Purchases - 324 - - - Issuances - - - - - Sales - - - - - Settlements (466) (329) (117) (184) 302 Net transfers into/(out of) Level 3 - (418) (b) - - - Balance on June 30, 2015 $ 4,929 $ 26,525 $ 3,060 $ 2,158 $ (4,810) Net unrealized gains/(losses) included in net income $ 69 (a) $ 248 (a) $ - $ - $ (107) (d) Three Months Ended June 30, 2014 AFS Securities Mortgage Trading Loans held- Investment Venture servicing Net derivative (Dollars in thousands) securities for-sale portfolio Capital rights, net liabilities Balance on April 1, 2014 $ 6,593 $ 229,219 $ 3,682 $ 4,300 $ 4,687 $ (4,945) Total net gains/(losses) included in: Net income 43 8,214 - (2,000) 113 (101) Other comprehensive income /(loss) - - (15) - - - Purchases - 476 - - - - Issuances - - - - - - Sales - - - - (1,400) - Settlements (215) (4,607) (106) - (203) 321 Net transfers into/(out of) Level 3 - (815) (b) - - - - Balance on June 30, 2014 $ 6,421 $ 232,487 $ 3,561 $ 2,300 $ 3,197 $ (4,725) Net unrealized gains/(losses) included in net income $ (74) (a) $ 8,214 (a) $ - $ (2,000) (c) $ 77 (a) $ (101) (d) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring). 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. Included in Other expense. Changes in Recurring Level 3 Fair Value Measurements The changes in Level 3 assets and liabilities measured at fair value for the six months ended June 30, 2015 and 2014, on a recurring basis are summarized as follows: Six Months Ended June 30, 2015 Securities Mortgage Trading Loans held- available- servicing Net derivative (Dollars in thousands) securities for-sale for-sale rights, net liabilities Balance on January 1, 2015 $ 5,643 $ 27,910 $ 3,307 $ 2,517 $ (5,240) Total net gains/(losses) included in: Net income 239 1,390 - - (164) Other comprehensive income / (loss) - - (28) - - Purchases - 1,178 - - - Issuances - - - - - Sales - - - - - Settlements (953) (2,819) (219) (359) 594 Net transfers into/(out of) Level 3 - (1,134) (b) - - - Balance on June 30, 2015 $ 4,929 $ 26,525 $ 3,060 $ 2,158 $ (4,810) Net unrealized gains/(losses) included in net income $ 239 (a) $ 1,390 (a) $ - $ - $ (164) (d) Six Months Ended June 30, 2014 Securities available-for-sale Mortgage Trading Loans held- Investment Venture servicing Net derivative (Dollars in thousands) securities for-sale portfolio Capital rights, net liabilities Balance on January 1, 2014 $ 7,200 $ 230,456 $ 3,826 $ 4,300 $ 72,793 $ (2,915) Total net gains/(losses) included in: Net income (42) 9,401 - (2,000) 1,246 (2,442) Other comprehensive income /(loss) - - (32) - - - Purchases 1,559 4,582 - - - - Issuances - - - - - - Sales (1,715) - - - (69,919) - Settlements (581) (8,800) (233) - (923) 632 Net transfers into/(out of) Level 3 - (3,152) (b) - - - - Balance on June 30, 2014 $ 6,421 $ 232,487 $ 3,561 $ 2,300 $ 3,197 $ (4,725) Net unrealized gains/(losses) included in net income $ 34 (a) $ 9,401 (a) $ - $ (2,000) (c) $ 150 (a) $ (2,442) (d) Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring). 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. Included in Other expens e . |
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 indiv idual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at June 30 , 2015 and 2014 , respectively, the following tables provide the level of valuation assumptions used to determine each adjustm ent, the related carrying value, and the fair value adjustments recorded during the respective periods. Three Months Ended Six Months Ended Carrying value at June 30, 2015 June 30, 2015 June 30, 2015 (Dollars in thousands) Level 1 Level 2 Level 3 Total Net gains/(losses) Net gains/(losses) Loans held-for-sale - first mortgages $ - $ - $ 849 $ 849 $ - $ 38 Loans, net of unearned income (a) - - 38,913 38,913 (641) (2,182) Real estate acquired by foreclosure (b) - - 29,109 29,109 (1,284) (1,660) Other assets (c) - - 28,265 28,265 (549) (944) $ (2,474) $ (4,748) Three Months Ended Six Months Ended Carrying value at June 30, 2014 June 30, 2014 June 30, 2014 (Dollars in thousands) Level 1 Level 2 Level 3 Total Net gains/(losses) Net gains/(losses) Loans held-for-sale - SBAs $ - $ 3,471 $ - $ 3,471 $ 1 $ 43 Loans held-for-sale - first mortgages - - 9,004 9,004 7 (10) Loans, net of unearned income (a) - - 53,652 53,652 (469) (677) Real estate acquired by foreclosure (b) - - 38,781 38,781 (533) (1,391) Other assets (c) - - 29,622 29,622 (862) (1,187) $ (1,856) $ (3,222) Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information. Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision. Represents the fair value an d related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages. Represents tax credit investments accounted for u nder the equity method . |
Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements | Level 3 Measurements The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of June 30, 2015 and 2014: (Dollars in Thousands) Fair Value at Level 3 Class June 30, 2015 Valuation Techniques Unobservable Input Values Utilized Trading securities - mortgage $ 4,924 Discounted cash flow Prepayment speeds 42% - 43% Discount rate 5% - 56% Loans held-for-sale - residential real estate 27,374 Discounted cash flow Prepayment speeds - First mortgage 2% - 20% Prepayment speeds - HELOC 5% - 15% Foreclosure losses 50% - 60% Loss severity trends - First mortgage 10% - 70% of UPB Loss severity trends - HELOC 35% - 100% of UPB Draw rate - HELOC 5% - 12% Derivative liabilities, other 4,810 Discounted cash flow Visa covered litigation resolution amount $4.5 billion - $5.5 billion Probability of resolution scenarios 5% - 25% Time until resolution 6 - 42 months Loans, net of unearned income (a) 38,913 Appraisals from comparable properties Marketability adjustments for specific properties 0% - 10% of appraisal Other collateral valuations Borrowing base certificates adjustment 20% - 50% of gross value Financial Statements/Auction values adjustment 0% - 25% of reported value Real estate acquired by foreclosure (b) 29,109 Appraisals from comparable properties Adjustment for value changes since appraisal 0% - 10% of appraisal Other assets (c) 28,265 Discounted cash flow Adjustments to current sales yields for specific properties 0% - 15% adjustment to yield Appraisals from comparable properties Marketability adjustments for specific properties 0% - 25% of appraisal Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses . Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages . Represents tax credit investments accounted for under the equity meth od . (Dollars in Thousands) Fair Value at Level 3 Class June 30, 2014 Valuation Techniques Unobservable Input Values Utilized Trading securities - mortgage $ 6,416 Discounted cash flow Prepayment speeds 43% - 47% Discount rate 40% - 85% Loans held-for-sale - residential real estate 241,491 Discounted cash flow Prepayment speeds - First mortgage 6% - 10% Prepayment speeds - HELOC 5% - 15% Credit spreads 2% - 4% Delinquency adjustment factor 15% - 25% added to credit spread Loss severity trends - First mortgage 50% - 60% of UPB Loss severity trends - HELOC 50% - 100% of UPB Draw Rate - HELOC 5% - 12% Derivative liabilities, other 4,725 Discounted cash flow Visa covered litigation resolution amount $4.4 billion - $5.2 billion Probability of resolution scenarios 10% - 30% Time until resolution 12 - 42 months Loans, net of unearned income (a) 53,652 Appraisals from comparable properties Marketability adjustments for specific properties 0% - 10% of appraisal Other collateral valuations Borrowing base certificates adjustment 20% - 50% of gross value Financial Statements/Auction Values adjustment 0% - 25% of reported value Real estate acquired by foreclosure (b) 38,781 Appraisals from comparable properties Adjustment for value changes since appraisal 0% - 10% of appraisal Other assets (c) 29,622 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 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information. Represents carrying value of loans for which adjustments are r equired to be based on the appraised value of the collateral less estimated costs to sell . Write-downs on these loans are recognized as part of provision for loan losses . Represents the fair value of foreclosed properties that were measured subsequent to their initial cla ssification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages. Represents tax credit investments accounted for under the equity method . |
Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount | The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity. June 30, 2015 (Dollars in thousands) Fair value carrying amount Aggregate unpaid principal Fair value carrying amount less aggregate unpaid principal Residential real estate loans held-for-sale reported at fair value: Total loans $ 26,525 $ 40,577 $ (14,052) Nonaccrual loans 6,238 12,316 (6,078) Loans 90 days or more past due and still accruing 1,622 2,056 (434) June 30, 2014 (Dollars in thousands) Fair value carrying amount Aggregate unpaid principal Fair value carrying amount less aggregate unpaid principal Residential real estate loans held-for-sale reported at fair value: Total loans $ 232,487 $ 367,173 $ (134,686) Nonaccrual loans 69,571 134,014 (64,443) Loans 90 days or more past due and still accruing 7,291 13,504 (6,213) |
Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings | Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table: Three Months Ended Six Months Ended June 30 June 30 (Dollars in thousands) 2015 2014 2015 2014 Changes in fair value included in net income: Mortgage banking noninterest income Loans held-for-sale $ 248 $ 8,214 $ 1,390 $ 9,401 |
Summary Of Book Value And Estimated Fair Value Of Financial Instruments | The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Condensed Statements of Condition as well as unfunded loan commitments and stand by and other commitments as of June 30 , 2015 an d 2014 . June 30, 2015 Book Fair Value (Dollars in thousands) Value Level 1 Level 2 Level 3 Total Assets: Loans, net of unearned income and allowance for loan losses Commercial: Commercial, financial and industrial $ 9,753,813 $ - $ - $ 9,716,906 $ 9,716,906 Commercial real estate 1,379,223 - - 1,362,420 1,362,420 Retail: Consumer real estate 4,784,814 - - 4,637,309 4,637,309 Permanent mortgage 465,302 - - 434,145 434,145 Credit card & other 332,269 - - 333,921 333,921 Total loans, net of unearned income and allowance for loan losses 16,715,421 - - 16,484,701 16,484,701 Short-term financial assets Interest-bearing cash 344,944 344,944 - - 344,944 Federal funds sold 77,039 - 77,039 - 77,039 Securities purchased under agreements to resell 816,991 - 816,991 - 816,991 Total short-term financial assets 1,238,974 344,944 894,030 - 1,238,974 Trading securities (a) 1,133,490 - 1,128,561 4,929 1,133,490 Loans held-for-sale (a) 127,196 - - 127,196 127,196 Securities available-for-sale (a) (b) 3,648,860 25,825 3,463,981 159,054 3,648,860 Securities held-to-maturity 4,306 - - 5,356 5,356 Derivative assets (a) 115,230 5,299 109,931 - 115,230 Other assets Tax credit investments 90,095 - - 60,619 60,619 Deferred compensation assets 27,341 27,341 - - 27,341 Total other assets 117,436 27,341 - 60,619 87,960 Nonearning assets Cash & due from banks 274,256 274,256 - - 274,256 Fixed income receivables 91,069 - 91,069 - 91,069 Accrued interest receivable 57,346 - 57,346 - 57,346 Total nonearning assets 422,671 274,256 148,415 - 422,671 Total assets $ 23,523,584 $ 677,665 $ 5,744,918 $ 16,841,855 $ 23,264,438 Liabilities: Deposits: Defined maturity $ 1,169,153 $ - $ 1,173,899 $ - $ 1,173,899 Undefined maturity 17,505,320 - 17,505,320 - 17,505,320 Total deposits 18,674,473 - 18,679,219 - 18,679,219 Trading liabilities (a) 732,564 - 732,564 - 732,564 Short-term financial liabilities Federal funds purchased 556,862 - 556,862 - 556,862 Securities sold under agreements to repurchase 311,760 - 311,760 - 311,760 Other short-term borrowings 150,350 - 150,350 - 150,350 Total short-term financial liabilities 1,018,972 - 1,018,972 - 1,018,972 Term borrowings Real estate investment trust-preferred 45,930 - - 49,350 49,350 Term borrowings - new market tax credit investment 18,000 - - 17,983 17,983 Borrowings secured by residential real estate 55,679 - - 48,051 48,051 Other long term borrowings 1,438,038 - 1,411,226 - 1,411,226 Total term borrowings 1,557,647 - 1,411,226 115,384 1,526,610 Derivative liabilities (a) 109,815 4,788 100,217 4,810 109,815 Other noninterest-bearing liabilities Fixed income payables 54,301 - 54,301 - 54,301 Accrued interest payable 16,382 - 16,382 - 16,382 Total other noninterest-bearing liabilities 70,683 - 70,683 - 70,683 Total liabilities $ 22,164,154 $ 4,788 $ 22,012,881 $ 120,194 $ 22,137,863 Classes are detailed in the recurring and nonrecurring measurement tables. Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 6 5 . 8 million. June 30, 2014 Book Fair Value (Dollars in thousands) Value Level 1 Level 2 Level 3 Total Assets: Loans, net of unearned income and allowance for loan losses Commercial: Commercial, financial and industrial $ 8,334,245 $ - $ - $ 8,244,011 $ 8,244,011 Commercial real estate 1,215,692 - - 1,168,748 1,168,748 Retail: Consumer real estate 5,100,893 - - 4,810,173 4,810,173 Permanent mortgage 570,274 - - 513,946 513,946 Credit card & other 330,977 - - 332,924 332,924 Total loans, net of unearned income and allowance for loan losses 15,552,081 - - 15,069,802 15,069,802 Short-term financial assets Interest-bearing cash 255,920 255,920 - - 255,920 Federal funds sold 51,537 - 51,537 - 51,537 Securities purchased under agreements to resell 624,477 - 624,477 - 624,477 Total short-term financial assets 931,934 255,920 676,014 - 931,934 Trading securities (a) 1,150,280 - 1,143,859 6,421 1,150,280 Loans held-for-sale (a) 358,945 - 3,471 355,474 358,945 Securities available-for-sale (a) (b) 3,576,542 25,995 3,385,884 164,663 3,576,542 Securities held-to-maturity 4,279 - - 5,556 5,556 Derivative assets (a) 162,067 5,119 156,948 - 162,067 Other assets Tax credit investments 82,493 - - 70,306 70,306 Deferred compensation assets 24,860 24,860 - - 24,860 Total other assets 107,353 24,860 - 70,306 95,166 Nonearning assets Cash & due from banks 417,108 417,108 - - 417,108 Fixed income receivables 174,224 - 174,224 - 174,224 Accrued interest receivable 67,132 - 67,132 - 67,132 Total nonearning assets 658,464 417,108 241,356 - 658,464 Total assets $ 22,501,945 $ 729,002 $ 5,607,532 $ 15,672,222 $ 22,008,756 Liabilities: Deposits: Defined maturity $ 1,312,419 $ - $ 1,319,686 $ - $ 1,319,686 Undefined maturity 14,845,068 - 14,845,068 - 14,845,068 Total deposits 16,157,487 - 16,164,754 - 16,164,754 Trading liabilities (a) 706,119 - 706,119 - 706,119 Short-term financial liabilities Federal funds purchased 947,946 - 947,946 - 947,946 Securities sold under agreements to repurchase 475,530 - 475,530 - 475,530 Other short-term borrowings 1,073,250 - 1,073,250 - 1,073,250 Total short-term financial liabilities 2,496,726 - 2,496,726 - 2,496,726 Term borrowings Real estate investment trust-preferred 45,862 - - 49,350 49,350 Term borrowings - new market tax credit investment 18,000 - - 17,940 17,940 Borrowings secured by residential real estate 74,103 - - 63,951 63,951 Other long term borrowings 1,363,244 - 1,357,728 - 1,357,728 Total term borrowings 1,501,209 - 1,357,728 131,241 1,488,969 Derivative liabilities (a) 138,336 5,310 128,301 4,725 138,336 Other noninterest-bearing liabilities Fixed income payables 95,299 - 95,299 - 95,299 Accrued interest payable 23,218 - 23,218 - 23,218 Total other noninterest-bearing liabilities 118,517 - 118,517 - 118,517 Total liabilities $ 21,118,394 $ 5,310 $ 20,972,145 $ 135,966 $ 21,113,421 Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01, “Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects.” See Note 1 – Financial Information for additional information. Classes are detailed in the recurring and nonrecurring measur ement tables. Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. Contractual Amount Fair Value (Dollars in thousands) June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Unfunded Commitments: Loan commitments $ 7,507,315 $ 7,227,433 $ 2,761 $ 2,079 Standby and other commitments 304,860 307,543 4,846 5,150 Certain previously reported amounts have been reclassified to agree with current presentation. |
Financial Information (Schedule
Financial Information (Schedule of Accounting Changes) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
New Accounting Pronouncement or Change in | |||||
Other Assets | $ 1,370,832,000 | $ 1,370,832,000 | $ 1,385,572,000 | ||
Other Liabilities | 507,894,000 | 507,894,000 | 649,359,000 | ||
Undivided profits | 782,102,000 | 782,102,000 | 851,585,000 | ||
Other expense | (18,059,000) | 424,000 | |||
Provision/(benefit) for income taxes | 33,578,000 | 53,644,000 | |||
Net Income (Loss) Available to Common Stockholders, Basic | $ 77,520,000 | $ 123,136,000 | |||
Diluted income/(loss) per share | $ 0.33 | $ 0.52 | |||
Accounting Standards Update 201401 [Member] | |||||
New Accounting Pronouncement or Change in | |||||
Other Assets | $ (4,405,000) | $ (4,405,000) | (4,700,000) | $ (5,340,000) | |
Other Liabilities | 6,471,000 | 6,471,000 | 4,678,000 | 7,034,000 | |
Undivided profits | (10,876,000) | (10,876,000) | (9,378,000) | (12,374,000) | |
Other expense | (2,170,000) | (4,340,000) | (8,680,000) | (10,082,000) | $ (14,177,000) |
Provision/(benefit) for income taxes | 1,421,000 | 2,842,000 | 5,684,000 | 12,780,000 | 13,234,000 |
Net Income (Loss) Available to Common Stockholders, Basic | $ 749,000 | $ 1,498,000 | $ 2,996,000 | $ (2,698,000) | $ 943,000 |
Diluted income/(loss) per share | $ 0.01 | $ 0.01 | $ 0.01 | $ (0.01) | $ 0 |
Acquisitions and Divestitures (
Acquisitions and Divestitures (Narrative) (Details) | 10 Months Ended | |||||
Oct. 21, 2014number | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) | Oct. 17, 2014USD ($)number | Jun. 30, 2014USD ($) | Dec. 31, 2013USD ($) | |
Business Acquisition [Line Items] | ||||||
Goodwill | $ 145,932,000 | $ 145,932,000 | $ 141,943,000 | $ 141,943,000 | ||
Branch Acquisition | ||||||
Business Acquisition [Line Items] | ||||||
Number of bank branches FTBNA agreed to purchase | number | 13 | |||||
Deposit Premium | 3.32% | |||||
Branch Acquisition | As Recorded by FHN | ||||||
Business Acquisition [Line Items] | ||||||
Assets acquired | $ 437,600,000 | |||||
Cash and cash equivalents | 413,400,000 | |||||
Premises and equipment | 7,500,000 | |||||
Goodwill and intangible assets | 15,700,000 | |||||
Deposits assumed | 437,200,000 | |||||
Goodwill | $ 4,000,000 | |||||
Trustatlantic Financial Corporation | ||||||
Business Acquisition [Line Items] | ||||||
Acquisition date | Oct. 21, 2014 | |||||
Number Of Bank Branches | number | 5 |
Investment Securities (Schedule
Investment Securities (Schedule Of FHN's Investment Securities) (Details) - USD ($) | 6 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | $ 3,622,145,000 | [1] | $ 3,551,256,000 | [2] | |
Securities available for sale, Gross Unrealized Gains | 49,925,000 | [1] | 60,999,000 | [2] | |
Securities available for sale, Gross Unrealized Losses | (23,210,000) | [1] | (35,713,000) | [2] | |
Securities available for sale | 3,648,860,000 | [1] | 3,576,542,000 | [2] | $ 3,556,613,000 |
Pledged available for sale securities | 3,200,000,000 | 3,400,000,000 | |||
Schedule Of Held To Maturity Securities [Line Items] | |||||
Securities held to maturity, Amortized cost | 4,306,000 | 4,279,000 | $ 4,292,000 | ||
Securities held to maturity, Gross Unrealized Gains | 1,050,000 | 1,277,000 | |||
Securities held to maturity, Gross Unrealized Losses | 0 | 0 | |||
Securities held to maturity, Fair Value | 5,356,000 | 5,556,000 | |||
FRB [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Restricted investments | 65,800,000 | 66,000,000 | |||
FHLB-Cincinnati Stock [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Restricted investments | 87,900,000 | 87,900,000 | |||
U.S. treasuries | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | 100,000 | 39,995,000 | |||
Securities available for sale, Gross Unrealized Gains | 0 | 4,000 | |||
Securities available for sale, Gross Unrealized Losses | 0 | 0 | |||
Securities available for sale | 100,000 | 39,999,000 | |||
Government Agency Issued Mortgage-Backed Securities ("MBS") | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | 804,841,000 | 724,785,000 | |||
Securities available for sale, Gross Unrealized Gains | 29,068,000 | 39,679,000 | |||
Securities available for sale, Gross Unrealized Losses | (3,269,000) | (1,622,000) | |||
Securities available for sale | 830,640,000 | 762,842,000 | |||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | 2,624,151,000 | 2,582,242,000 | |||
Securities available for sale, Gross Unrealized Gains | 20,836,000 | 21,211,000 | |||
Securities available for sale, Gross Unrealized Losses | (19,701,000) | (34,065,000) | |||
Securities available for sale | 2,625,286,000 | 2,569,388,000 | |||
Other U.S. Government Agencies | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | 1,539,000 | 1,973,000 | |||
Securities available for sale, Gross Unrealized Gains | 21,000 | 88,000 | |||
Securities available for sale, Gross Unrealized Losses | 0 | 0 | |||
Securities available for sale | 1,560,000 | 2,061,000 | |||
U S States And Political Subdivisions [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | 9,455,000 | 15,155,000 | |||
Securities available for sale, Gross Unrealized Gains | 0 | 0 | |||
Securities available for sale, Gross Unrealized Losses | 0 | 0 | |||
Securities available for sale | 9,455,000 | 15,155,000 | |||
Equity and other | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale, Amortized Cost | 182,059,000 | [3] | 187,106,000 | [4] | |
Securities available for sale, Gross Unrealized Gains | 0 | [3] | 17,000 | [4] | |
Securities available for sale, Gross Unrealized Losses | (240,000) | [3] | (26,000) | [4] | |
Securities available for sale | 181,819,000 | [3] | 187,097,000 | [4] | |
Schedule Of Held To Maturity Securities [Line Items] | |||||
Securities held to maturity, Amortized cost | 0 | ||||
Securities held to maturity, Fair Value | 0 | ||||
U S States And Political Subdivisions [Member] | |||||
Schedule Of Held To Maturity Securities [Line Items] | |||||
Securities held to maturity, Amortized cost | 4,306,000 | 4,279,000 | |||
Securities held to maturity, Gross Unrealized Gains | 1,050,000 | 1,277,000 | |||
Securities held to maturity, Gross Unrealized Losses | 0 | 0 | |||
Securities held to maturity, Fair Value | $ 5,356,000 | $ 5,556,000 | |||
[1] | Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[2] | Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . | ||||
[3] | Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 65.8 million. The remainder is money market and cost method investments. | ||||
[4] | Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments. |
Investment Securities (Schedu46
Investment Securities (Schedule Of Amortized Cost And Fair Value By Contractual Maturity) (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |||
Schedule of Investments [Line Items] | ||||||
Within 1 year, Amortized Cost | $ 1,539,000 | |||||
After 1 year; within 5 years, Amortized Cost | 1,600,000 | |||||
After 5 years; within 10 years, Amortized Cost | 0 | |||||
After 10 years, Amortized Cost | 7,955,000 | |||||
Subtotal, Amortized Cost | 11,094,000 | |||||
Within 1 year, Fair Value | 1,560,000 | |||||
After 1 year; within 5 years, Fair Value | 1,600,000 | |||||
After 5 years; within 10 years, Fair Value | 0 | |||||
After 10 years, Fair Value | 7,955,000 | |||||
Subtotal, Fair Value | 11,115,000 | |||||
Securities available for sale, Amortized Cost | 3,622,145,000 | [1] | $ 3,551,256,000 | [2] | ||
Securities available for sale | 3,648,860,000 | [1] | $ 3,556,613,000 | 3,576,542,000 | [2] | |
HTM, Within 1 year, Amortized Cost | 0 | |||||
HTM, After 1 year; within 5 years, Amortized Cost | 0 | |||||
HTM, After 5 years; within 10 years, Amortized Cost | 0 | |||||
HTM, After 10 years, Amortized Cost | 4,306,000 | |||||
HTM Subtotal, Amortized Cost | 4,306,000 | |||||
HTM, Within 1 year, Fair Value | 0 | |||||
HTM, After 1 year; within 5 years, Fair Value | 0 | |||||
HTM, After 5 years; within 10 years, Fair Value | 0 | |||||
HTM, After 10 years, Fair Value | 5,356,000 | |||||
HTM Subtotal, Fair Value | 5,356,000 | |||||
Securities held to maturity, Amortized cost | 4,306,000 | $ 4,292,000 | 4,279,000 | |||
Securities held to maturity, Fair Value | 5,356,000 | 5,556,000 | ||||
Government Agency Issued MBS And CMO | ||||||
Schedule of Investments [Line Items] | ||||||
Securities available for sale, Amortized Cost | [3] | 3,428,992,000 | ||||
Securities available for sale | [3] | 3,455,926,000 | ||||
Securities held to maturity, Amortized cost | [3] | 0 | ||||
Securities held to maturity, Fair Value | [3] | 0 | ||||
Equity and other | ||||||
Schedule of Investments [Line Items] | ||||||
Securities available for sale, Amortized Cost | 182,059,000 | [4] | 187,106,000 | [5] | ||
Securities available for sale | 181,819,000 | [4] | $ 187,097,000 | [5] | ||
Securities held to maturity, Amortized cost | 0 | |||||
Securities held to maturity, Fair Value | $ 0 | |||||
[1] | Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[2] | Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . | |||||
[3] | 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. | |||||
[4] | Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 65.8 million. The remainder is money market and cost method investments. | |||||
[5] | Includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. The remainder is money market, venture capital, and cost method investments. |
Investment Securities (Schedu47
Investment Securities (Schedule Of Realized Gross Gains And Losses On Sale From Available For Sale Portfolio) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||||
Investment Securities [Abstract] | |||||||
Gross gains on sales of securities | $ 8,000 | $ 77,000 | $ 284,000 | $ 5,734,000 | |||
Gross (losses) on sales of securities | 0 | 0 | 0 | 0 | |||
Net gain/(loss) on sales of securities | [1] | 8,000 | 77,000 | 284,000 | 5,734,000 | ||
Venture capital investments | 0 | (2,000,000) | [2] | 0 | (2,000,000) | [2] | |
Total securities gain/ (loss), net | $ 8,000 | $ (1,923,000) | 284,000 | 3,734,000 | |||
Proceeds from sales | $ 300,000 | 5,700,000 | |||||
Equity securities proceeds from sales | $ 1,400,000 | ||||||
[1] | Proceeds from sales for the three months ended June 30, 2015 and 2014 were not material. Proceeds for the six months ended June 30, 2015 were $ .3 million. Proceeds for the six months ended June 30, 2014 were $ 5.7 million, inclusive of $ 1.4 million of equity securities . | ||||||
[2] | Includes write-offs and/or unrealized fair value adjustments related to venture capital investments. |
Investment Securities (Schedu48
Investment Securities (Schedule Of Investments Within The Available For Sale Portfolio That Had Unrealized Losses) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Schedule of Investments [Line Items] | ||
Less than 12 months, Fair Value | $ 1,079,055 | $ 471,296 |
Less than 12 months, Unrealized Losses | (10,219) | (2,385) |
12 months or longer, Fair Value | 484,512 | 1,113,455 |
12 months or longer, Unrealized Losses | (12,991) | (33,328) |
Total Fair Value | 1,563,567 | 1,584,751 |
Total Unrealized Losses | (23,210) | (35,713) |
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | ||
Schedule of Investments [Line Items] | ||
Less than 12 months, Fair Value | 845,534 | 437,212 |
Less than 12 months, Unrealized Losses | (7,734) | (2,276) |
12 months or longer, Fair Value | 450,079 | 1,004,964 |
12 months or longer, Unrealized Losses | (11,967) | (31,789) |
Total Fair Value | 1,295,613 | 1,442,176 |
Total Unrealized Losses | (19,701) | (34,065) |
Government Agency Issued Mortgage-Backed Securities ("MBS") | ||
Schedule of Investments [Line Items] | ||
Less than 12 months, Fair Value | 233,521 | 34,041 |
Less than 12 months, Unrealized Losses | (2,485) | (83) |
12 months or longer, Fair Value | 33,582 | 108,491 |
12 months or longer, Unrealized Losses | (784) | (1,539) |
Total Fair Value | 267,103 | 142,532 |
Total Unrealized Losses | (3,269) | (1,622) |
Total debt securities | ||
Schedule of Investments [Line Items] | ||
Less than 12 months, Fair Value | 1,079,055 | 471,253 |
Less than 12 months, Unrealized Losses | (10,219) | (2,359) |
12 months or longer, Fair Value | 483,661 | 1,113,455 |
12 months or longer, Unrealized Losses | (12,751) | (33,328) |
Total Fair Value | 1,562,716 | 1,584,708 |
Total Unrealized Losses | (22,970) | (35,687) |
Equity | ||
Schedule of Investments [Line Items] | ||
Less than 12 months, Fair Value | 0 | 43 |
Less than 12 months, Unrealized Losses | 0 | (26) |
12 months or longer, Fair Value | 851 | 0 |
12 months or longer, Unrealized Losses | (240) | 0 |
Total Fair Value | 851 | 43 |
Total Unrealized Losses | $ (240) | $ (26) |
Loans (Narrative) (Details)
Loans (Narrative) (Details) | 3 Months Ended | 6 Months Ended | |||||||||
Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Mar. 31, 2014USD ($) | Dec. 31, 2013USD ($) | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Troubled debt restructurings loans | $ 310,600,000 | $ 350,900,000 | $ 310,600,000 | $ 350,900,000 | |||||||
Allowance for loan losses | 221,351,000 | 243,628,000 | 221,351,000 | 243,628,000 | $ 228,328,000 | $ 232,448,000 | $ 247,246,000 | $ 253,809,000 | |||
Average balance of impaired loans | 348,644,000 | 374,714,000 | 347,253,000 | 382,859,000 | |||||||
Interest income recognized on impaired loan | $ 1,709,000 | 1,666,000 | 3,369,000 | 3,347,000 | |||||||
Forbearance agreements time period | 6 months | ||||||||||
Loans, net of unearned income | $ 16,936,772,000 | [1] | 15,795,709,000 | 16,936,772,000 | [1] | 15,795,709,000 | 16,230,166,000 | ||||
Provision/(provision credit) for loan losses | 2,000,000 | 5,000,000 | 7,000,000 | 15,000,000 | |||||||
Loan loss provision on PCI loans | 300,000 | 600,000 | 600,000 | 1,700,000 | |||||||
Allowance - purchased credit impaired loans | 2,784,000 | 2,455,000 | 2,784,000 | 2,455,000 | |||||||
Permanent Mortgage Portfolio Segment | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | $ 22,377,000 | 23,727,000 | $ 22,377,000 | 23,727,000 | 20,186,000 | 19,122,000 | 22,521,000 | 22,491,000 | |||
TDR, reduction of interest rate by increment, basis points | 0.25% | 0.25% | |||||||||
TDRS Maturities | 40 years | ||||||||||
Loans, net of unearned income | $ 487,679,000 | 594,001,000 | $ 487,679,000 | 594,001,000 | 538,961,000 | ||||||
Modified interest rate increase | 1.00% | 1.00% | |||||||||
Provision/(provision credit) for loan losses | $ 2,329,000 | 1,391,000 | $ 3,959,000 | 3,061,000 | |||||||
Allowance - purchased credit impaired loans | 0 | 0 | 0 | 0 | |||||||
Loans Held-For-Sale | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Troubled debt restructurings loans | $ 80,800,000 | 139,500,000 | 80,800,000 | 139,500,000 | |||||||
Residential Real Estate | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Concentration risk, percentage | 32.00% | ||||||||||
Consumer Real Estate Portfolio Segment | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Concentration risk, percentage | 29.00% | ||||||||||
Allowance for loan losses | $ 85,457,000 | 118,037,000 | 85,457,000 | 118,037,000 | 109,245,000 | 113,011,000 | 123,409,000 | 126,785,000 | |||
TDRS Maturities | 30 years | ||||||||||
Loans, net of unearned income | [2] | $ 4,870,271,000 | 5,218,930,000 | 4,870,271,000 | 5,218,930,000 | 5,048,071,000 | |||||
Provision/(provision credit) for loan losses | (24,736,000) | (2,768,000) | (24,689,000) | 1,146,000 | |||||||
Allowance - purchased credit impaired loans | 493,000 | 41,000 | 493,000 | 41,000 | |||||||
Modified Loans Classified As A TDR | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | $ 61,000,000 | $ 65,800,000 | $ 61,000,000 | $ 65,800,000 | |||||||
Ratio of the allowance for loan losses to loans | 20.00% | 19.00% | 20.00% | 19.00% | |||||||
Loans To Mortgage Companies | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Percentage contributed in total loan | 11.00% | 11.00% | |||||||||
Concentration risk, percentage | 18.00% | ||||||||||
Commercial loans | $ 1,799,665,000 | $ 1,101,282,000 | $ 1,799,665,000 | $ 1,101,282,000 | |||||||
Loans, net of unearned income | 1,799,665,000 | 1,101,282,000 | 1,799,665,000 | 1,101,282,000 | |||||||
Commercial Portfolio Segment [Member] | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | 100,242,000 | 84,412,000 | 100,242,000 | 84,412,000 | |||||||
Average balance of impaired loans | 67,341,000 | 78,181,000 | 64,065,000 | 87,439,000 | |||||||
Interest income recognized on impaired loan | 276,000 | 201,000 | 566,000 | 445,000 | |||||||
Commercial loans | $ 11,233,278,000 | 9,634,349,000 | 11,233,278,000 | 9,634,349,000 | |||||||
Time period of default probability | 1 year | ||||||||||
Allowance - purchased credit impaired loans | $ 2,291,000 | 2,413,000 | 2,291,000 | 2,413,000 | |||||||
Credit Card & Other | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | 13,275,000 | 17,452,000 | 13,275,000 | 17,452,000 | $ 13,580,000 | 14,730,000 | $ 13,061,000 | $ 7,484,000 | |||
Loans, net of unearned income | 345,544,000 | 348,429,000 | 345,544,000 | 348,429,000 | 358,131,000 | ||||||
Provision/(provision credit) for loan losses | 4,697,000 | 7,273,000 | 6,590,000 | 15,930,000 | |||||||
Allowance - purchased credit impaired loans | $ 0 | 1,000 | $ 0 | 1,000 | |||||||
Credit Card | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Credit card workout program, granted rate reduction | 0.00% | 0.00% | |||||||||
Loans, net of unearned income | $ 185,207,000 | 187,588,000 | $ 185,207,000 | 187,588,000 | |||||||
Heloc And Real Estate Installment Classes | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
TDR, reduction of interest rate by increment, basis points | 0.25% | 0.25% | |||||||||
Restricted And Secured Consumer Real Estate Loans | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Loans, net of unearned income | $ 66,400,000 | 84,400,000 | $ 66,400,000 | 84,400,000 | $ 76,800,000 | ||||||
Finance And Insurance Companies | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Percentage contributed in total loan | 12.00% | 12.00% | |||||||||
Concentration risk, percentage | 21.00% | ||||||||||
Commercial loans | $ 2,100,000,000 | $ 2,100,000,000 | |||||||||
Finance Insurance And Loans To Mortgage Companies | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Percentage contributed in total loan | 39.00% | 39.00% | |||||||||
Maximum | Permanent Mortgage Portfolio Segment | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Modified interest rate time period | 5 years | ||||||||||
Maximum | Commercial Portfolio Segment [Member] | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Forbearance agreements time period | 12 months | ||||||||||
Maximum | Credit Card | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Payment reductions, time period | 1 year | ||||||||||
Credit card workout program, term extension | 5 years | ||||||||||
Maximum | Heloc And Real Estate Installment Classes | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Modified interest rate time period | 5 years | ||||||||||
Minimum | Permanent Mortgage Portfolio Segment | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Modified interest rate | 2.00% | 2.00% | |||||||||
Modified interest rate time period | 5 years | ||||||||||
Minimum | Credit Card | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Payment reductions, time period | 6 months | ||||||||||
Minimum | Heloc And Real Estate Installment Classes | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Modified interest rate | 1.00% | 1.00% | |||||||||
Special Mention | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loan grades | number | 13 | 13 | |||||||||
Substandard | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loan grades | number | 14 | 14 | |||||||||
Doubtful | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loan grades | number | 15 | 15 | |||||||||
Unlikely to be Collected Financing Receivable | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loan grades | number | 16 | 16 | |||||||||
PD Grade 1 | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | $ 126,000 | 0 | $ 126,000 | 0 | |||||||
Lowest expected default probability | number | 1 | 1 | |||||||||
PD Grade 12 | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | $ 2,704,000 | 1,857,000 | $ 2,704,000 | 1,857,000 | |||||||
PD Grade 13 | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Allowance for loan losses | 4,944,000 | $ 6,435,000 | 4,944,000 | $ 6,435,000 | |||||||
PD Grade 13 | Minimum | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loans | $ 500,000 | $ 500,000 | |||||||||
LGD Grade 1 | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loan grades | number | 1 | 1 | |||||||||
LGD Grade 12 | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loan grades | number | 12 | 12 | |||||||||
Loan Reassessed | Minimum | |||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||||
Commercial loans | $ 1,000,000 | $ 1,000,000 | |||||||||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | ||||||||||
[2] | (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information. |
Loans (Schedule Of Loans By Por
Loans (Schedule Of Loans By Portfolio Segment) (Details) - USD ($) | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | $ 16,936,772,000 | [1] | $ 16,230,166,000 | $ 15,795,709,000 | ||||
Allowance for loan losses | 221,351,000 | $ 228,328,000 | 232,448,000 | 243,628,000 | $ 247,246,000 | $ 253,809,000 | ||
Total net loans | 16,715,421,000 | 15,997,718,000 | 15,552,081,000 | |||||
Commercial Financial And Industrial Portfolio Segment [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | 9,832,563,000 | 9,007,286,000 | 8,402,836,000 | |||||
Allowance for loan losses | 78,750,000 | 67,652,000 | 67,011,000 | 68,591,000 | 72,732,000 | 86,446,000 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | 1,400,715,000 | 1,277,717,000 | 1,231,513,000 | |||||
Allowance for loan losses | 21,492,000 | 17,665,000 | 18,574,000 | 15,821,000 | 15,523,000 | 10,603,000 | ||
Consumer Real Estate Portfolio Segment [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | [2] | 4,870,271,000 | 5,048,071,000 | 5,218,930,000 | ||||
Allowance for loan losses | 85,457,000 | 109,245,000 | 113,011,000 | 118,037,000 | 123,409,000 | 126,785,000 | ||
Permanent Mortgage Portfolio Segment [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | 487,679,000 | 538,961,000 | 594,001,000 | |||||
Allowance for loan losses | 22,377,000 | 20,186,000 | 19,122,000 | 23,727,000 | 22,521,000 | 22,491,000 | ||
Credit Card And Other Portfolio Segment [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | 345,544,000 | 358,131,000 | 348,429,000 | |||||
Allowance for loan losses | 13,275,000 | $ 13,580,000 | 14,730,000 | 17,452,000 | $ 13,061,000 | $ 7,484,000 | ||
Restricted And Secured Consumer Real Estate Loans [Member] | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Loans, net of unearned income | $ 66,400,000 | $ 76,800,000 | $ 84,400,000 | |||||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||||
[2] | (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information. |
Loans (Certain Loans Acquired I
Loans (Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Rollforward) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Loans [Abstract] | |||||
Balance, beginning of period | $ 10,468,000 | $ 15,828,000 | $ 14,714,000 | $ 13,490,000 | |
Additions | 0 | 224,000 | 0 | 335,000 | |
Accretion | (1,576,000) | (1,927,000) | (4,948,000) | (3,584,000) | |
Adjustment for payoffs | (760,000) | (489,000) | (2,096,000) | (722,000) | |
Adjustment for charge-offs | 0 | (5,000) | 0 | (69,000) | |
Increase in accretable yield | [1] | 216,000 | 2,878,000 | 678,000 | 7,059,000 |
Balance, end of period | $ 8,348,000 | $ 16,509,000 | $ 8,348,000 | $ 16,509,000 | |
[1] | Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows. |
Loans (Schedule Of Acquired Pur
Loans (Schedule Of Acquired Purchase Credit Impaired Loans By Portfolio Segment) (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Carrying value | $ 27,068,000 | $ 38,205,000 | $ 40,420,000 |
Unpaid balance | 33,144,000 | 49,941,000 | 54,641,000 |
Commercial Financial And Industrial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Carrying value | 4,870,000 | 5,044,000 | 6,738,000 |
Unpaid balance | 5,507,000 | 5,813,000 | 8,256,000 |
Commercial Real Estate Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Carrying value | 20,262,000 | 32,553,000 | 32,938,000 |
Unpaid balance | 24,830,000 | 43,246,000 | 45,295,000 |
Consumer Real Estate Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Carrying value | 1,927,000 | 598,000 | 733,000 |
Unpaid balance | 2,796,000 | 868,000 | 1,074,000 |
Credit Card And Other Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Carrying value | 9,000 | 10,000 | 11,000 |
Unpaid balance | $ 11,000 | $ 14,000 | $ 16,000 |
Loans (Information By Class Rel
Loans (Information By Class Related To Individually Impaired Loans) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | $ 348,515,000 | $ 371,136,000 | $ 348,515,000 | $ 371,136,000 | |
Unpaid Principal Balance | 405,308,000 | 434,898,000 | 405,308,000 | 434,898,000 | |
Related Allowance | 72,980,000 | 68,897,000 | 72,980,000 | 68,897,000 | |
Average Recorded Investment | 348,644,000 | 374,714,000 | 347,253,000 | 382,859,000 | |
Interest Income Recognized | 1,709,000 | 1,666,000 | 3,369,000 | 3,347,000 | |
Commercial Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 68,843,000 | 74,261,000 | 68,843,000 | 74,261,000 | |
Unpaid Principal Balance | 88,577,000 | 97,226,000 | 88,577,000 | 97,226,000 | |
Related Allowance | 13,562,000 | 5,383,000 | 13,562,000 | 5,383,000 | |
Average Recorded Investment | 67,341,000 | 78,181,000 | 64,065,000 | 87,439,000 | |
Interest Income Recognized | 276,000 | 201,000 | 566,000 | 445,000 | |
Retail [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 279,672,000 | 296,875,000 | 279,672,000 | 296,875,000 | |
Unpaid Principal Balance | 316,731,000 | 337,672,000 | 316,731,000 | 337,672,000 | |
Related Allowance | 59,418,000 | 63,514,000 | 59,418,000 | 63,514,000 | |
Average Recorded Investment | 281,303,000 | 296,533,000 | 283,188,000 | 295,420,000 | |
Interest Income Recognized | 1,433,000 | 1,465,000 | 2,803,000 | 2,902,000 | |
Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 16,589,000 | 23,475,000 | 16,589,000 | 23,475,000 | |
Unpaid Principal Balance | 26,952,000 | 33,504,000 | 26,952,000 | 33,504,000 | |
Related Allowance | 0 | 0 | 0 | 0 | |
Average Recorded Investment | 17,214,000 | 23,052,000 | 17,875,000 | 27,596,000 | |
Interest Income Recognized | 0 | 0 | 0 | 0 | |
Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 23,939,000 | 32,716,000 | 23,939,000 | 32,716,000 | |
Unpaid Principal Balance | 45,418,000 | 58,010,000 | 45,418,000 | 58,010,000 | |
Related Allowance | 0 | 0 | 0 | 0 | |
Average Recorded Investment | 24,131,000 | 33,561,000 | 24,510,000 | 34,454,000 | |
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 | 52,254,000 | 50,786,000 | 52,254,000 | 50,786,000 | |
Unpaid Principal Balance | 61,625,000 | 63,722,000 | 61,625,000 | 63,722,000 | |
Related Allowance | 13,562,000 | 5,383,000 | 13,562,000 | 5,383,000 | |
Average Recorded Investment | 50,127,000 | 55,129,000 | 46,190,000 | 59,843,000 | |
Interest Income Recognized | 276,000 | 201,000 | 566,000 | 445,000 | |
Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 255,733,000 | 264,159,000 | 255,733,000 | 264,159,000 | |
Unpaid Principal Balance | 271,313,000 | 279,662,000 | 271,313,000 | 279,662,000 | |
Related Allowance | 59,418,000 | 63,514,000 | 59,418,000 | 63,514,000 | |
Average Recorded Investment | 257,172,000 | 262,972,000 | 258,678,000 | 260,966,000 | |
Interest Income Recognized | 1,433,000 | 1,465,000 | 2,803,000 | 2,902,000 | |
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 | 12,402,000 | 15,489,000 | 12,402,000 | 15,489,000 | |
Unpaid Principal Balance | 15,690,000 | 17,280,000 | 15,690,000 | 17,280,000 | |
Related Allowance | 0 | 0 | 0 | 0 | |
Average Recorded Investment | 13,016,000 | 14,809,000 | 12,305,000 | 17,594,000 | |
Interest Income Recognized | 0 | 0 | 0 | 0 | |
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 | 30,549,000 | 32,395,000 | 30,549,000 | 32,395,000 | |
Unpaid Principal Balance | 37,741,000 | 38,331,000 | 37,741,000 | 38,331,000 | |
Related Allowance | 8,117,000 | 3,150,000 | 8,117,000 | 3,150,000 | |
Average Recorded Investment | 28,400,000 | 30,059,000 | 24,087,000 | 26,146,000 | |
Interest Income Recognized | 237,000 | 78,000 | 490,000 | 157,000 | |
TRUPs [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Commercial Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 0 | 0 | |||
Unpaid Principal Balance | 0 | 0 | |||
Related Allowance | 0 | 0 | |||
Average Recorded Investment | 0 | 1,625,000 | |||
Interest Income Recognized | 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 | 13,399,000 | 3,520,000 | 13,399,000 | 3,520,000 | |
Unpaid Principal Balance | 13,700,000 | 3,700,000 | 13,700,000 | 3,700,000 | |
Related Allowance | 4,810,000 | 925,000 | 4,810,000 | 925,000 | |
Average Recorded Investment | 13,414,000 | 8,535,000 | 13,429,000 | 16,057,000 | |
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 | 4,187,000 | 6,838,000 | 4,187,000 | 6,838,000 | |
Unpaid Principal Balance | 11,262,000 | 14,397,000 | 11,262,000 | 14,397,000 | |
Related Allowance | 0 | 0 | 0 | 0 | |
Average Recorded Investment | 4,198,000 | 7,669,000 | 5,283,000 | 8,090,000 | |
Interest Income Recognized | 0 | 0 | 0 | 0 | |
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 | 6,788,000 | 8,842,000 | 6,788,000 | 8,842,000 | |
Unpaid Principal Balance | 8,298,000 | 10,214,000 | 8,298,000 | 10,214,000 | |
Related Allowance | 533,000 | 641,000 | 533,000 | 641,000 | |
Average Recorded Investment | 6,742,000 | 10,331,000 | 7,140,000 | 11,214,000 | |
Interest Income Recognized | 33,000 | 62,000 | 63,000 | 164,000 | |
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 | 1,148,000 | 0 | 1,148,000 | |
Unpaid Principal Balance | 0 | 1,827,000 | 0 | 1,827,000 | |
Related Allowance | 0 | 0 | 0 | 0 | |
Average Recorded Investment | 0 | 574,000 | 287,000 | 287,000 | |
Interest Income Recognized | 0 | 0 | 0 | 0 | |
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 | 1,518,000 | 6,029,000 | 1,518,000 | 6,029,000 | |
Unpaid Principal Balance | 1,886,000 | 11,477,000 | 1,886,000 | 11,477,000 | |
Related Allowance | 102,000 | 667,000 | 102,000 | 667,000 | |
Average Recorded Investment | 1,571,000 | 6,204,000 | 1,534,000 | 6,426,000 | |
Interest Income Recognized | 6,000 | 61,000 | 13,000 | 124,000 | |
Home Equity [Member] | Impaired Loans With No Related Allowance Recorded [Member] | Retail [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | [1] | 12,577,000 | 17,390,000 | 12,577,000 | 17,390,000 |
Unpaid Principal Balance | [1] | 30,604,000 | 38,216,000 | 30,604,000 | 38,216,000 |
Related Allowance | [1] | 0 | 0 | 0 | 0 |
Average Recorded Investment | [1] | 12,588,000 | 16,771,000 | 12,788,000 | 16,629,000 |
Interest Income Recognized | [1] | 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 | 87,292,000 | 77,283,000 | 87,292,000 | 77,283,000 | |
Unpaid Principal Balance | 89,454,000 | 78,492,000 | 89,454,000 | 78,492,000 | |
Related Allowance | 21,967,000 | 17,475,000 | 21,967,000 | 17,475,000 | |
Average Recorded Investment | 86,197,000 | 75,285,000 | 85,417,000 | 73,539,000 | |
Interest Income Recognized | 461,000 | 457,000 | 909,000 | 891,000 | |
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 | [1] | 4,959,000 | 7,464,000 | 4,959,000 | 7,464,000 |
Unpaid Principal Balance | [1] | 6,211,000 | 10,009,000 | 6,211,000 | 10,009,000 |
Related Allowance | [1] | 0 | 0 | 0 | 0 |
Average Recorded Investment | [1] | 4,739,000 | 8,932,000 | 4,704,000 | 9,818,000 |
Interest Income Recognized | [1] | 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 | 67,269,000 | 74,748,000 | 67,269,000 | 74,748,000 | |
Unpaid Principal Balance | 68,151,000 | 75,634,000 | 68,151,000 | 75,634,000 | |
Related Allowance | 19,439,000 | 26,450,000 | 19,439,000 | 26,450,000 | |
Average Recorded Investment | 68,330,000 | 74,243,000 | 69,227,000 | 73,629,000 | |
Interest Income Recognized | 331,000 | 297,000 | 658,000 | 566,000 | |
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 | [1] | 6,403,000 | 7,862,000 | 6,403,000 | 7,862,000 |
Unpaid Principal Balance | [1] | 8,603,000 | 9,785,000 | 8,603,000 | 9,785,000 |
Related Allowance | [1] | 0 | 0 | 0 | 0 |
Average Recorded Investment | [1] | 6,804,000 | 7,858,000 | 7,018,000 | 8,007,000 |
Interest Income Recognized | [1] | 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 | 100,754,000 | 111,604,000 | 100,754,000 | 111,604,000 | |
Unpaid Principal Balance | 113,290,000 | 125,012,000 | 113,290,000 | 125,012,000 | |
Related Allowance | 17,857,000 | 19,323,000 | 17,857,000 | 19,323,000 | |
Average Recorded Investment | 102,194,000 | 112,796,000 | 103,555,000 | 113,145,000 | |
Interest Income Recognized | 637,000 | 706,000 | 1,228,000 | 1,429,000 | |
Credit Card Other [Member] | Impaired Loans With Related Allowance Recorded [Member] | Retail [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Recorded Investment | 418,000 | 524,000 | 418,000 | 524,000 | |
Unpaid Principal Balance | 418,000 | 524,000 | 418,000 | 524,000 | |
Related Allowance | 155,000 | 266,000 | 155,000 | 266,000 | |
Average Recorded Investment | 451,000 | 648,000 | 479,000 | 653,000 | |
Interest Income Recognized | $ 4,000 | $ 5,000 | $ 8,000 | $ 16,000 | |
[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) | Jun. 30, 2015USD ($)number | Mar. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($)number | Mar. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Allowance for loan losses | $ 221,351,000 | $ 228,328,000 | $ 232,448,000 | $ 243,628,000 | $ 247,246,000 | $ 253,809,000 | |
Total loans collectively evaluated for impairment | 16,559,020,000 | 15,381,698,000 | |||||
Total loans individually evaluated for impairment | 347,901,000 | 371,136,000 | |||||
Allowance - collectively evaluated for impairment | 145,587,000 | 172,276,000 | |||||
Allowance - individually evaluated for impairment | 72,980,000 | 68,897,000 | |||||
Allowance - purchased credit impaired loans | 2,784,000 | 2,455,000 | |||||
Purchase credit impaired loans - recorded investment | 29,851,000 | 42,875,000 | |||||
General C I [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Total loans collectively evaluated for impairment | 7,666,733,000 | 6,908,103,000 | |||||
Total loans individually evaluated for impairment | 42,951,000 | 47,884,000 | |||||
Total commercial loans | 7,714,731,000 | 6,962,767,000 | |||||
Purchase credit impaired loans - recorded investment | 5,047,000 | 6,780,000 | |||||
Loans To Mortgage Companies [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Total loans collectively evaluated for impairment | 1,799,665,000 | 1,101,282,000 | |||||
Total loans individually evaluated for impairment | 0 | 0 | |||||
Total commercial loans | 1,799,665,000 | 1,101,282,000 | |||||
Purchase credit impaired loans - recorded investment | 0 | 0 | |||||
TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Total loans collectively evaluated for impairment | [1] | 305,382,000 | 335,267,000 | ||||
Total loans individually evaluated for impairment | [1] | 12,785,000 | 3,520,000 | ||||
Total commercial loans | [1] | 318,167,000 | 338,787,000 | ||||
LOCOM valuation allowance | $ 26,200,000 | $ 26,200,000 | |||||
Highest internal grade | number | 13 | 13 | |||||
Purchase credit impaired loans - recorded investment | $ 0 | $ 0 | |||||
Income C R E [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Total loans collectively evaluated for impairment | 1,348,127,000 | 1,138,647,000 | |||||
Total loans individually evaluated for impairment | 10,975,000 | 15,680,000 | |||||
Total commercial loans | 1,379,714,000 | 1,187,678,000 | |||||
Purchase credit impaired loans - recorded investment | 20,612,000 | 33,351,000 | |||||
Residential C R E [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Total loans collectively evaluated for impairment | 17,719,000 | 34,701,000 | |||||
Total loans individually evaluated for impairment | 1,518,000 | 7,177,000 | |||||
Total commercial loans | 21,001,000 | 43,835,000 | |||||
Purchase credit impaired loans - recorded investment | $ 1,764,000 | $ 1,957,000 | |||||
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 | $ 100,242,000 | $ 84,412,000 | |||||
Total loans collectively evaluated for impairment | 11,137,626,000 | 9,518,000,000 | |||||
Total loans individually evaluated for impairment | 68,229,000 | 74,261,000 | |||||
Total commercial loans | 11,233,278,000 | 9,634,349,000 | |||||
Allowance - collectively evaluated for impairment | 84,389,000 | 76,616,000 | |||||
Allowance - individually evaluated for impairment | 13,562,000 | 5,383,000 | |||||
Allowance - purchased credit impaired loans | $ 2,291,000 | $ 2,413,000 | |||||
Percent of loan collectively evaluated for impairment | 99.00% | 99.00% | |||||
Percent of loan individually evaluated for impairment | 1.00% | 1.00% | |||||
Purchase credit impaired loans - recorded investment | $ 27,423,000 | $ 42,088,000 | |||||
Percent of loan purchased-credit impaired | 0.00% | 0.00% | |||||
Commercial Loan P D Grade One [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 496,409,000 | $ 366,235,000 | |||||
Percent of total commercial loans | 4.00% | 4.00% | |||||
Allowance for loan losses | $ 126,000 | $ 0 | |||||
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 | 495,855,000 | 366,235,000 | |||||
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 | [1] | 0 | 0 | ||||
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 | 554,000 | 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 | $ 601,971,000 | $ 263,926,000 | |||||
Percent of total commercial loans | 5.00% | 3.00% | |||||
Allowance for loan losses | $ 332,000 | $ 245,000 | |||||
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 | 590,328,000 | 260,581,000 | |||||
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 | [1] | 0 | 0 | ||||
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 | 11,602,000 | 3,110,000 | |||||
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 | 41,000 | 235,000 | |||||
Commercial Loan P D Grade Three [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 886,287,000 | $ 438,252,000 | |||||
Percent of total commercial loans | 8.00% | 5.00% | |||||
Allowance for loan losses | $ 350,000 | $ 307,000 | |||||
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 | 484,072,000 | 360,700,000 | |||||
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 | 317,856,000 | 76,569,000 | |||||
Commercial Loan P D Grade Three [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 84,178,000 | 983,000 | |||||
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 | 181,000 | 0 | |||||
Commercial Loan P D Grade Four [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 1,134,506,000 | $ 472,585,000 | |||||
Percent of total commercial loans | 10.00% | 5.00% | |||||
Allowance for loan losses | $ 868,000 | $ 746,000 | |||||
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 | 670,972,000 | 387,884,000 | |||||
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 | 366,791,000 | 77,110,000 | |||||
Commercial Loan P D Grade Four [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 96,689,000 | 7,591,000 | |||||
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 | 54,000 | 0 | |||||
Commercial Loan P D Grade Five [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 1,658,774,000 | $ 986,869,000 | |||||
Percent of total commercial loans | 15.00% | 10.00% | |||||
Allowance for loan losses | $ 6,372,000 | $ 2,579,000 | |||||
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 | 1,135,773,000 | 760,726,000 | |||||
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 | 304,500,000 | 62,031,000 | |||||
Commercial Loan P D Grade Five [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 213,213,000 | 158,071,000 | |||||
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 | 5,288,000 | 6,041,000 | |||||
Commercial Loan P D Grade Six [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 2,114,331,000 | $ 1,385,329,000 | |||||
Percent of total commercial loans | 20.00% | 14.00% | |||||
Allowance for loan losses | $ 10,234,000 | $ 1,674,000 | |||||
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 | 1,223,233,000 | 991,013,000 | |||||
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 | 618,616,000 | 199,651,000 | |||||
Commercial Loan P D Grade Six [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 267,983,000 | 189,927,000 | |||||
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 | 4,499,000 | 4,738,000 | |||||
Commercial Loan P D Grade Seven [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 1,694,381,000 | $ 1,664,135,000 | |||||
Percent of total commercial loans | 15.00% | 17.00% | |||||
Allowance for loan losses | $ 13,203,000 | $ 2,696,000 | |||||
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 | 1,186,480,000 | 1,189,915,000 | |||||
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 | 139,217,000 | 182,749,000 | |||||
Commercial Loan P D Grade Seven [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 365,840,000 | 285,384,000 | |||||
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 | 2,844,000 | 6,087,000 | |||||
Commercial Loan P D Grade Eight [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 941,748,000 | $ 1,300,343,000 | |||||
Percent of total commercial loans | 8.00% | 13.00% | |||||
Allowance for loan losses | $ 13,942,000 | $ 2,739,000 | |||||
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 | 749,504,000 | 771,697,000 | |||||
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 | 28,068,000 | 301,174,000 | |||||
Commercial Loan P D Grade Eight [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 163,904,000 | 227,419,000 | |||||
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 | 272,000 | 53,000 | |||||
Commercial Loan P D Grade Nine [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 488,439,000 | $ 924,514,000 | |||||
Percent of total commercial loans | 4.00% | 10.00% | |||||
Allowance for loan losses | $ 7,900,000 | $ 5,896,000 | |||||
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 | 419,687,000 | 686,657,000 | |||||
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 | 24,617,000 | 123,423,000 | |||||
Commercial Loan P D Grade Nine [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 43,752,000 | 108,523,000 | |||||
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 | 383,000 | 5,911,000 | |||||
Commercial Loan P D Grade Ten [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 250,841,000 | $ 494,711,000 | |||||
Percent of total commercial loans | 2.00% | 5.00% | |||||
Allowance for loan losses | $ 5,147,000 | $ 5,379,000 | |||||
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 | 222,799,000 | 375,862,000 | |||||
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 | 0 | 77,058,000 | |||||
Commercial Loan P D Grade Ten [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 27,840,000 | 40,228,000 | |||||
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 | 202,000 | 1,563,000 | |||||
Commercial Loan P D Grade Eleven [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 204,220,000 | $ 391,790,000 | |||||
Percent of total commercial loans | 2.00% | 4.00% | |||||
Allowance for loan losses | $ 5,438,000 | $ 8,397,000 | |||||
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 | 179,139,000 | 361,870,000 | |||||
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 | 0 | 1,517,000 | |||||
Commercial Loan P D Grade Eleven [Member] | TRUPs [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | [1] | 0 | 0 | ||||
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 | 24,010,000 | 26,275,000 | |||||
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 | 1,071,000 | 2,128,000 | |||||
Commercial Loan P D Grade Twelve [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 94,636,000 | $ 169,910,000 | |||||
Percent of total commercial loans | 1.00% | 2.00% | |||||
Allowance for loan losses | $ 2,704,000 | $ 1,857,000 | |||||
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 | 76,209,000 | 136,560,000 | |||||
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 | [1] | 0 | 0 | ||||
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 | 17,884,000 | 32,356,000 | |||||
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 | 543,000 | 994,000 | |||||
Commercial Loan P D Grade Thirteen [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 432,164,000 | $ 457,730,000 | |||||
Percent of total commercial loans | 4.00% | 5.00% | |||||
Allowance for loan losses | $ 4,944,000 | $ 6,435,000 | |||||
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 | 122,862,000 | 120,903,000 | |||||
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 | [1] | 305,382,000 | 325,882,000 | ||||
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 | 3,633,000 | 8,938,000 | |||||
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 | 287,000 | 2,007,000 | |||||
Commercial Loan P D Grade Fourteen Fifteen Sixteen [Member] | |||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||
Commercial loan, Disaggregated by PD grade | $ 138,919,000 | $ 201,671,000 | |||||
Percent of total commercial loans | 1.00% | 2.00% | |||||
Allowance for loan losses | $ 12,829,000 | $ 37,666,000 | |||||
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 | 109,820,000 | 137,500,000 | |||||
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 | 0 | 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 | [1] | 0 | 9,385,000 | ||||
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 | 27,045,000 | 49,842,000 | |||||
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 | $ 2,054,000 | $ 4,944,000 | |||||
[1] | Balances as of June 30 , 2015 and 2014 , each presented net of $ 26.2 million in lower of cost or market (“LOCOM”) valuation allowance. Based on the underlying structure of the notes, the highest possible internal grade is " 13 ". |
Loans (Period-End Balances And
Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For The HELOC) (Details) | Jun. 30, 2015USD ($)number | Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($)number | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans, net of unearned income | $ | $ 16,936,772,000 | [1] | $ 16,230,166,000 | $ 15,795,709,000 |
Home Equity | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 2,262,500,000 | $ 2,666,090,000 | ||
Avg orig FICO | 742 | 741 | ||
Avg Refreshed FICO | 732 | 732 | ||
Loans, net of unearned income | $ | $ 2,262,500,000 | $ 2,666,090,000 | ||
Home Equity | Origination Vintage Period Pre 2003 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 46,789,000 | $ 68,332,000 | ||
Avg orig FICO | 708 | 708 | ||
Avg Refreshed FICO | 703 | 703 | ||
Home Equity | Origination Vintage Period 2003 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 86,928,000 | $ 120,962,000 | ||
Avg orig FICO | 720 | 723 | ||
Avg Refreshed FICO | 709 | 710 | ||
Home Equity | Origination Vintage Period 2004 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 236,022,000 | $ 346,431,000 | ||
Avg orig FICO | 723 | 725 | ||
Avg Refreshed FICO | 708 | 713 | ||
Home Equity | Origination Vintage Period 2005 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 382,946,000 | $ 500,404,000 | ||
Avg orig FICO | 730 | 732 | ||
Avg Refreshed FICO | 718 | 722 | ||
Home Equity | Origination Vintage Period 2006 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 306,652,000 | $ 365,886,000 | ||
Avg orig FICO | 739 | 740 | ||
Avg Refreshed FICO | 727 | 728 | ||
Home Equity | Origination Vintage Period 2007 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 327,360,000 | $ 384,391,000 | ||
Avg orig FICO | 744 | 743 | ||
Avg Refreshed FICO | 729 | 729 | ||
Home Equity | Origination Vintage Period 2008 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 183,224,000 | $ 208,637,000 | ||
Avg orig FICO | 753 | 753 | ||
Avg Refreshed FICO | 748 | 748 | ||
Home Equity | Origination Vintage Period 2009 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 92,774,000 | $ 110,934,000 | ||
Avg orig FICO | 752 | 751 | ||
Avg Refreshed FICO | 744 | 745 | ||
Home Equity | Origination Vintage Period 2010 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 88,337,000 | $ 106,954,000 | ||
Avg orig FICO | 754 | 753 | ||
Avg Refreshed FICO | 747 | 750 | ||
Home Equity | Origination Vintage Period 2011 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 86,584,000 | $ 105,295,000 | ||
Avg orig FICO | 758 | 759 | ||
Avg Refreshed FICO | 751 | 755 | ||
Home Equity | Origination Vintage Period 2012 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 107,715,000 | $ 128,733,000 | ||
Avg orig FICO | 760 | 759 | ||
Avg Refreshed FICO | 757 | 759 | ||
Home Equity | Origination Vintage Period 2013 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 136,449,000 | $ 167,149,000 | ||
Avg orig FICO | 757 | 760 | ||
Avg Refreshed FICO | 757 | 760 | ||
Home Equity | Origination Vintage Period 2014 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 120,544,000 | $ 51,982,000 | ||
Avg orig FICO | 761 | 760 | ||
Avg Refreshed FICO | 763 | 762 | ||
Home Equity | Origination Vintage Period 2015 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
HELOC - Period End Balance | $ | $ 60,176,000 | $ 0 | ||
Avg orig FICO | 764 | 0 | ||
Avg Refreshed FICO | 763 | 0 | ||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. |
Loans (Period-End Balances An56
Loans (Period-End Balances And Various Asset Quality Attributes By Originations Vintage For R/E Installment Loans) (Details) | Jun. 30, 2015USD ($)number | Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($)number | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans, net of unearned income | $ | $ 16,936,772,000 | [1] | $ 16,230,166,000 | $ 15,795,709,000 |
Real Estate Installment Class | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 2,607,771,000 | $ 2,552,840,000 | ||
Avg orig FICO | 749 | 747 | ||
Avg Refreshed FICO | 748 | 744 | ||
Real Estate Installment Class | Origination Vintage Period Pre 2003 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 10,180,000 | $ 18,623,000 | ||
Avg orig FICO | 678 | 680 | ||
Avg Refreshed FICO | 686 | 683 | ||
Real Estate Installment Class | Origination Vintage Period 2003 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 39,996,000 | $ 62,823,000 | ||
Avg orig FICO | 713 | 713 | ||
Avg Refreshed FICO | 722 | 724 | ||
Real Estate Installment Class | Origination Vintage Period 2004 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 34,944,000 | $ 47,502,000 | ||
Avg orig FICO | 698 | 700 | ||
Avg Refreshed FICO | 697 | 699 | ||
Real Estate Installment Class | Origination Vintage Period 2005 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 106,185,000 | $ 141,545,000 | ||
Avg orig FICO | 715 | 716 | ||
Avg Refreshed FICO | 711 | 712 | ||
Real Estate Installment Class | Origination Vintage Period 2006 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 116,730,000 | $ 156,538,000 | ||
Avg orig FICO | 712 | 714 | ||
Avg Refreshed FICO | 704 | 702 | ||
Real Estate Installment Class | Origination Vintage Period 2007 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 175,807,000 | $ 224,425,000 | ||
Avg orig FICO | 722 | 724 | ||
Avg Refreshed FICO | 708 | 709 | ||
Real Estate Installment Class | Origination Vintage Period 2008 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 56,222,000 | $ 74,106,000 | ||
Avg orig FICO | 719 | 721 | ||
Avg Refreshed FICO | 712 | 714 | ||
Real Estate Installment Class | Origination Vintage Period 2009 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 24,999,000 | $ 33,506,000 | ||
Avg orig FICO | 736 | 739 | ||
Avg Refreshed FICO | 727 | 732 | ||
Real Estate Installment Class | Origination Vintage Period 2010 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 82,230,000 | $ 113,437,000 | ||
Avg orig FICO | 750 | 748 | ||
Avg Refreshed FICO | 760 | 754 | ||
Real Estate Installment Class | Origination Vintage Period 2011 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 254,298,000 | $ 309,172,000 | ||
Avg orig FICO | 760 | 760 | ||
Avg Refreshed FICO | 759 | 759 | ||
Real Estate Installment Class | Origination Vintage Period 2012 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 562,078,000 | $ 653,179,000 | ||
Avg orig FICO | 764 | 764 | ||
Avg Refreshed FICO | 765 | 765 | ||
Real Estate Installment Class | Origination Vintage Period 2013 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 443,257,000 | $ 497,720,000 | ||
Avg orig FICO | 755 | 757 | ||
Avg Refreshed FICO | 757 | 756 | ||
Real Estate Installment Class | Origination Vintage Period 2014 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 439,744,000 | $ 220,264,000 | ||
Avg orig FICO | 756 | 756 | ||
Avg Refreshed FICO | 755 | 754 | ||
Real Estate Installment Class | Origination Vintage Period 2015 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
R/E Installment Loans- Period End Balance | $ | $ 261,101,000 | $ 0 | ||
Avg orig FICO | 757 | 0 | ||
Avg Refreshed FICO | 756 | 0 | ||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. |
Loans (Period-End Balances An57
Loans (Period-End Balances And Various Asset Quality Attributes By Origination Vintage For Permanent Mortgage Classes Of Loans) (Details) | Jun. 30, 2015USD ($)number | Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($)number | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans, net of unearned income | $ | $ 16,936,772,000 | [1] | $ 16,230,166,000 | $ 15,795,709,000 |
Permanent Mortgage Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 487,679,000 | $ 594,001,000 | ||
Avg orig FICO | 730 | 729 | ||
Avg Refreshed FICO | 717 | 713 | ||
Loans, net of unearned income | $ | $ 487,679,000 | $ 538,961,000 | $ 594,001,000 | |
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period Pre2004 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 126,365,000 | $ 169,338,000 | ||
Avg orig FICO | 722 | 724 | ||
Avg Refreshed FICO | 717 | 720 | ||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2004 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 14,586,000 | $ 19,378,000 | ||
Avg orig FICO | 712 | 713 | ||
Avg Refreshed FICO | 711 | 714 | ||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2005 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 32,187,000 | $ 37,572,000 | ||
Avg orig FICO | 736 | 737 | ||
Avg Refreshed FICO | 734 | 737 | ||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2006 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 56,378,000 | $ 68,693,000 | ||
Avg orig FICO | 732 | 730 | ||
Avg Refreshed FICO | 734 | 721 | ||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2007 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 176,298,000 | $ 207,116,000 | ||
Avg orig FICO | 733 | 733 | ||
Avg Refreshed FICO | 717 | 712 | ||
Permanent Mortgage Portfolio Segment [Member] | Origination Vintage Period 2008 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Permanent Mortgage - Period End Balance | $ | $ 81,865,000 | $ 91,904,000 | ||
Avg orig FICO | 741 | 741 | ||
Avg Refreshed FICO | 710 | 704 | ||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. |
Loans (Accruing And Non-Accruin
Loans (Accruing And Non-Accruing Loans By Class) (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, net of unearned income | $ 16,936,772,000 | [1] | $ 16,230,166,000 | $ 15,795,709,000 | ||
Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 9,788,990,000 | 8,354,487,000 | ||||
Total Non-Accruing | 43,573,000 | 48,349,000 | ||||
Loans, net of unearned income | 9,832,563,000 | 9,007,286,000 | 8,402,836,000 | |||
Consumer Real Estate Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 4,755,746,000 | 5,088,008,000 | ||||
Total Non-Accruing | 114,525,000 | 130,922,000 | ||||
Loans, net of unearned income | [2] | 4,870,271,000 | 5,048,071,000 | 5,218,930,000 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 1,388,969,000 | 1,217,533,000 | ||||
Total Non-Accruing | 11,746,000 | 13,980,000 | ||||
Loans, net of unearned income | 1,400,715,000 | 1,277,717,000 | 1,231,513,000 | |||
Permanent Mortgage Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 455,206,000 | 556,978,000 | ||||
Total Non-Accruing | 32,473,000 | 37,023,000 | ||||
Loans, net of unearned income | 487,679,000 | 538,961,000 | 594,001,000 | |||
Credit Card And Other Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 344,795,000 | 347,087,000 | ||||
Total Non-Accruing | 749,000 | 1,342,000 | ||||
Loans, net of unearned income | 345,544,000 | $ 358,131,000 | 348,429,000 | |||
General C I [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 7,679,015,000 | 6,911,291,000 | ||||
Total Non-Accruing | 30,669,000 | 44,696,000 | ||||
Loans, net of unearned income | 7,709,684,000 | 6,955,987,000 | ||||
Loans To Mortgage Companies [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 1,799,546,000 | 1,101,149,000 | ||||
Total Non-Accruing | 119,000 | 133,000 | ||||
Loans, net of unearned income | 1,799,665,000 | 1,101,282,000 | ||||
TRUPs [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 305,382,000 | [3] | 335,267,000 | [4] | ||
Total Non-Accruing | 12,785,000 | [3] | 3,520,000 | [4] | ||
Loans, net of unearned income | 318,167,000 | [3] | 338,787,000 | [4] | ||
LOCOM valuation allowance | 26,200,000 | 26,200,000 | ||||
Income C R E [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 1,347,356,000 | 1,142,796,000 | ||||
Total Non-Accruing | 11,746,000 | 11,531,000 | ||||
Loans, net of unearned income | 1,359,102,000 | 1,154,327,000 | ||||
Residential C R E [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 19,237,000 | 39,429,000 | ||||
Total Non-Accruing | 0 | 2,449,000 | ||||
Loans, net of unearned income | 19,237,000 | 41,878,000 | ||||
Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 2,182,369,000 | 2,577,619,000 | ||||
Total Non-Accruing | 80,131,000 | 88,471,000 | ||||
Loans, net of unearned income | 2,262,500,000 | 2,666,090,000 | ||||
R E Installment Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 2,570,957,000 | 2,509,614,000 | ||||
Total Non-Accruing | 34,394,000 | 42,451,000 | ||||
Loans, net of unearned income | 2,605,351,000 | 2,552,065,000 | ||||
Credit Card | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 185,207,000 | 187,588,000 | ||||
Total Non-Accruing | 0 | 0 | ||||
Loans, net of unearned income | 185,207,000 | 187,588,000 | ||||
Other Consumer Loans Class | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 159,580,000 | 159,487,000 | ||||
Total Non-Accruing | 749,000 | 1,342,000 | ||||
Loans, net of unearned income | 160,329,000 | 160,829,000 | ||||
C&I Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 5,047,000 | 6,780,000 | ||||
Total Non-Accruing | 0 | 0 | ||||
Loans, net of unearned income | 5,047,000 | 6,780,000 | ||||
CRE Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 22,376,000 | 35,308,000 | ||||
Total Non-Accruing | 0 | 0 | ||||
Loans, net of unearned income | 22,376,000 | 35,308,000 | ||||
RE Installment Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 2,420,000 | 775,000 | ||||
Total Non-Accruing | 0 | 0 | ||||
Loans, net of unearned income | 2,420,000 | 775,000 | ||||
Other Purchased Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Accruing | 8,000 | 12,000 | ||||
Total Non-Accruing | 0 | 0 | ||||
Loans, net of unearned income | 8,000 | 12,000 | ||||
Accruing | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 16,662,261,000 | 15,471,259,000 | ||||
30-89 Days Past Due | 48,924,000 | 61,656,000 | ||||
90+ Days Past Due | 22,521,000 | 31,178,000 | ||||
Total Accruing | 16,733,706,000 | 15,564,093,000 | ||||
Accruing | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 9,781,398,000 | 8,338,740,000 | ||||
30-89 Days Past Due | 6,700,000 | 13,811,000 | ||||
90+ Days Past Due | 892,000 | 1,936,000 | ||||
Accruing | Consumer Real Estate Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 4,709,869,000 | 5,039,406,000 | ||||
30-89 Days Past Due | 31,416,000 | 31,036,000 | ||||
90+ Days Past Due | 14,461,000 | 17,566,000 | ||||
Accruing | Commercial Real Estate Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 1,385,792,000 | 1,204,008,000 | ||||
30-89 Days Past Due | 3,039,000 | 8,303,000 | ||||
90+ Days Past Due | 138,000 | 5,222,000 | ||||
Accruing | Permanent Mortgage Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 444,187,000 | 546,846,000 | ||||
30-89 Days Past Due | 5,450,000 | 5,559,000 | ||||
90+ Days Past Due | 5,569,000 | 4,573,000 | ||||
Accruing | Credit Card And Other Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 341,015,000 | 342,259,000 | ||||
30-89 Days Past Due | 2,319,000 | 2,947,000 | ||||
90+ Days Past Due | 1,461,000 | 1,881,000 | ||||
Accruing | General C I [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 7,673,986,000 | 6,900,880,000 | ||||
30-89 Days Past Due | 4,830,000 | 9,707,000 | ||||
90+ Days Past Due | 199,000 | 704,000 | ||||
Accruing | Loans To Mortgage Companies [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 1,797,877,000 | 1,097,367,000 | ||||
30-89 Days Past Due | 1,669,000 | 3,782,000 | ||||
90+ Days Past Due | 0 | 0 | ||||
Accruing | TRUPs [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 305,382,000 | [3] | 335,267,000 | [4] | ||
30-89 Days Past Due | 0 | [3] | 0 | [4] | ||
90+ Days Past Due | 0 | [3] | 0 | [4] | ||
Accruing | Income C R E [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 1,344,440,000 | 1,134,752,000 | ||||
30-89 Days Past Due | 2,916,000 | 8,044,000 | ||||
90+ Days Past Due | 0 | 0 | ||||
Accruing | Residential C R E [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 19,114,000 | 39,429,000 | ||||
30-89 Days Past Due | 123,000 | 0 | ||||
90+ Days Past Due | 0 | 0 | ||||
Accruing | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 2,150,344,000 | 2,548,170,000 | ||||
30-89 Days Past Due | 22,240,000 | 19,772,000 | ||||
90+ Days Past Due | 9,785,000 | 9,677,000 | ||||
Accruing | R E Installment Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 2,557,513,000 | 2,490,461,000 | ||||
30-89 Days Past Due | 9,172,000 | 11,264,000 | ||||
90+ Days Past Due | 4,272,000 | 7,889,000 | ||||
Accruing | Credit Card | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 182,477,000 | 184,014,000 | ||||
30-89 Days Past Due | 1,446,000 | 2,010,000 | ||||
90+ Days Past Due | 1,284,000 | 1,564,000 | ||||
Accruing | Other Consumer Loans Class | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 158,530,000 | 158,233,000 | ||||
30-89 Days Past Due | 873,000 | 937,000 | ||||
90+ Days Past Due | 177,000 | 317,000 | ||||
Accruing | C&I Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 4,153,000 | 5,226,000 | ||||
30-89 Days Past Due | 201,000 | 322,000 | ||||
90+ Days Past Due | 693,000 | 1,232,000 | ||||
Accruing | CRE Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 22,238,000 | 29,827,000 | ||||
30-89 Days Past Due | 0 | 259,000 | ||||
90+ Days Past Due | 138,000 | 5,222,000 | ||||
Accruing | RE Installment Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 2,012,000 | 775,000 | ||||
30-89 Days Past Due | 4,000 | 0 | ||||
90+ Days Past Due | 404,000 | 0 | ||||
Accruing | Other Purchased Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 8,000 | 12,000 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 0 | 0 | ||||
Non-Accruing | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 123,200,000 | 136,142,000 | ||||
30-89 Days Past Due | 13,674,000 | 16,283,000 | ||||
90+ Days Past Due | 66,192,000 | 79,191,000 | ||||
Total Non-Accruing | 203,066,000 | 231,616,000 | ||||
Non-Accruing | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 13,781,000 | 13,105,000 | ||||
30-89 Days Past Due | 2,536,000 | 3,850,000 | ||||
90+ Days Past Due | 27,256,000 | 31,394,000 | ||||
Non-Accruing | Consumer Real Estate Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 92,639,000 | 104,534,000 | ||||
30-89 Days Past Due | 7,116,000 | 8,890,000 | ||||
90+ Days Past Due | 14,770,000 | 17,498,000 | ||||
Non-Accruing | Commercial Real Estate Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 1,285,000 | 1,568,000 | ||||
30-89 Days Past Due | 2,041,000 | 133,000 | ||||
90+ Days Past Due | 8,420,000 | 12,279,000 | ||||
Non-Accruing | Permanent Mortgage Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 15,495,000 | 16,935,000 | ||||
30-89 Days Past Due | 1,981,000 | 3,410,000 | ||||
90+ Days Past Due | 14,997,000 | 16,678,000 | ||||
Non-Accruing | Credit Card And Other Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 749,000 | 1,342,000 | ||||
Non-Accruing | General C I [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 13,781,000 | 13,105,000 | ||||
30-89 Days Past Due | 2,536,000 | 3,850,000 | ||||
90+ Days Past Due | 14,352,000 | 27,741,000 | ||||
Non-Accruing | 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 | 119,000 | 133,000 | ||||
Non-Accruing | 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 | 12,785,000 | [3] | 3,520,000 | [4] | ||
Non-Accruing | Income C R E [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 1,285,000 | 271,000 | ||||
30-89 Days Past Due | 2,041,000 | 133,000 | ||||
90+ Days Past Due | 8,420,000 | 11,127,000 | ||||
Non-Accruing | Residential C R E [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 1,297,000 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 0 | 1,152,000 | ||||
Non-Accruing | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 65,345,000 | 71,653,000 | ||||
30-89 Days Past Due | 5,243,000 | 5,888,000 | ||||
90+ Days Past Due | 9,543,000 | 10,930,000 | ||||
Non-Accruing | R E Installment Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 27,294,000 | 32,881,000 | ||||
30-89 Days Past Due | 1,873,000 | 3,002,000 | ||||
90+ Days Past Due | 5,227,000 | 6,568,000 | ||||
Non-Accruing | Credit Card | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 0 | 0 | ||||
Non-Accruing | Other Consumer Loans Class | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 749,000 | 1,342,000 | ||||
Non-Accruing | C&I Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 0 | 0 | ||||
Non-Accruing | CRE Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 0 | 0 | ||||
Non-Accruing | RE Installment Purchase Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | 0 | 0 | ||||
Non-Accruing | Other Purchased Credit Impaired Loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Current | 0 | 0 | ||||
30-89 Days Past Due | 0 | 0 | ||||
90+ Days Past Due | $ 0 | $ 0 | ||||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||
[2] | (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information. | |||||
[3] | Total TRUPS i nclude s LOCOM valuation allowance of $26.2 million. | |||||
[4] | Total TRUPS i nclu des LOCOM valuation allowance of $ 26.2 million. |
Loans (Schedule Of Troubled Deb
Loans (Schedule Of Troubled Debt Restructurings Occurring During The Year) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($)number | Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($)number | |
General C I [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 0 | 2 | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 736 | $ 1,388 | $ 736 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 522 | $ 1,325 | $ 522 |
Commercial Financial And Industrial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 0 | 2 | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 736 | $ 1,388 | $ 736 |
Post-Modification Outstanding Recorded Investment | $ 0 | $ 522 | $ 1,325 | $ 522 |
Income C R E [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 2 | 2 | ||
Pre-Modification Outstanding Recorded Investment | $ 421 | $ 421 | ||
Post-Modification Outstanding Recorded Investment | $ 421 | $ 421 | ||
Residential C R E [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 1 | 1 | ||
Pre-Modification Outstanding Recorded Investment | $ 976 | $ 976 | ||
Post-Modification Outstanding Recorded Investment | $ 960 | $ 960 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 3 | 3 | ||
Pre-Modification Outstanding Recorded Investment | $ 1,397 | $ 1,397 | ||
Post-Modification Outstanding Recorded Investment | $ 1,381 | $ 1,381 | ||
Home Equity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 65 | 97 | 102 | 164 |
Pre-Modification Outstanding Recorded Investment | $ 7,237 | $ 8,279 | $ 10,964 | $ 14,069 |
Post-Modification Outstanding Recorded Investment | $ 7,147 | $ 8,557 | $ 10,854 | $ 14,325 |
R E Installment Loans [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 22 | 45 | 38 | 117 |
Pre-Modification Outstanding Recorded Investment | $ 1,912 | $ 3,132 | $ 3,266 | $ 8,275 |
Post-Modification Outstanding Recorded Investment | $ 1,916 | $ 3,093 | $ 3,293 | $ 8,195 |
Consumer Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 87 | 142 | 140 | 281 |
Pre-Modification Outstanding Recorded Investment | $ 9,149 | $ 11,411 | $ 14,230 | $ 22,344 |
Post-Modification Outstanding Recorded Investment | $ 9,063 | $ 11,650 | $ 14,147 | $ 22,520 |
Permanent Mortgage Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 4 | 12 | 6 | 24 |
Pre-Modification Outstanding Recorded Investment | $ 1,718 | $ 2,082 | $ 2,039 | $ 6,675 |
Post-Modification Outstanding Recorded Investment | $ 1,733 | $ 2,080 | $ 2,054 | $ 6,167 |
Credit Card And Other Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 6 | 14 | 12 | 34 |
Pre-Modification Outstanding Recorded Investment | $ 20 | $ 60 | $ 48 | $ 147 |
Post-Modification Outstanding Recorded Investment | $ 19 | $ 57 | $ 46 | $ 142 |
Troubled Debt Restructurings [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 97 | 173 | 160 | 344 |
Pre-Modification Outstanding Recorded Investment | $ 10,887 | $ 15,686 | $ 17,705 | $ 31,299 |
Post-Modification Outstanding Recorded Investment | $ 10,815 | $ 15,690 | $ 17,572 | $ 30,732 |
Loans (Schedule Of Troubled D60
Loans (Schedule Of Troubled Debt Restructurings Within The Previous 12 Months) (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($)number | Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($)number | |
General C I [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 0 | 0 | 0 | 4 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 512,000 |
Income C R E [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 0 | 0 | 0 | 2 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 389,000 |
Residential C R E [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 1 | 0 | 1 | 0 |
Recorded Investment | $ 896,000 | $ 0 | $ 896,000 | $ 0 |
Home Equity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 6 | 2 | 7 | 5 |
Recorded Investment | $ 278,000 | $ 128,000 | $ 308,000 | $ 339,000 |
R E Installment Loans [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 1 | 5 | 2 | 7 |
Recorded Investment | $ 26,000 | $ 305,000 | $ 112,000 | $ 368,000 |
Commercial Financial And Industrial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 0 | 0 | 0 | 4 |
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 512,000 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 1 | 0 | 1 | 2 |
Recorded Investment | $ 896,000 | $ 0 | $ 896,000 | $ 389,000 |
Consumer Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 7 | 7 | 9 | 12 |
Recorded Investment | $ 304,000 | $ 433,000 | $ 420,000 | $ 707,000 |
Credit Card And Other Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 2 | 2 | 3 | 2 |
Recorded Investment | $ 5,000 | $ 4,000 | $ 8,000 | $ 4,000 |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 10 | 11 | 13 | 22 |
Recorded Investment | $ 1,205,000 | $ 1,218,000 | $ 1,324,000 | $ 2,393,000 |
Permanent Mortgage Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | number | 0 | 2 | 0 | 2 |
Recorded Investment | $ 0 | $ 781,000 | $ 0 | $ 781,000 |
Allowance For Loan Losses (Narr
Allowance For Loan Losses (Narrative) (Details) | Jun. 30, 2015number |
Unlikely to be Collected Financing Receivable | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |
Commercial loan grades | 16 |
Commercial Loan L G D Grade One [Member] | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |
Commercial loan grades | 1 |
Commercial Loan L G D Grade Twelve [Member] | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |
Commercial loan grades | 12 |
Allowance For Loan Losses (Roll
Allowance For Loan Losses (Rollforward Of The Allowance For Loan Losses By Portfolio Segment) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Beginning Balance | $ 228,328,000 | $ 247,246,000 | $ 232,448,000 | $ 253,809,000 | ||||
Charge-offs | (19,434,000) | (18,764,000) | (37,433,000) | (43,456,000) | ||||
Recoveries | 10,457,000 | 10,146,000 | 19,336,000 | 18,275,000 | ||||
Provision/(provision credit) for loan losses | 2,000,000 | 5,000,000 | 7,000,000 | 15,000,000 | ||||
Ending Balance | 221,351,000 | 243,628,000 | 221,351,000 | 243,628,000 | ||||
Allowance - individually evaluated for impairment | 72,980,000 | 68,897,000 | 72,980,000 | 68,897,000 | ||||
Allowance - collectively evaluated for impairment | 145,587,000 | 172,276,000 | 145,587,000 | 172,276,000 | ||||
Allowance - purchased credit impaired loans | 2,784,000 | 2,455,000 | 2,784,000 | 2,455,000 | ||||
Individually evaluated for impairment | 347,901,000 | 371,136,000 | 347,901,000 | 371,136,000 | ||||
Collectively evaluated for impairment | 16,559,020,000 | 15,381,698,000 | 16,559,020,000 | 15,381,698,000 | ||||
Purchase credit impaired loans - recorded investment | 29,851,000 | 42,875,000 | 29,851,000 | 42,875,000 | ||||
Loans, net of unearned income | 16,936,772,000 | [1] | 15,795,709,000 | 16,936,772,000 | [1] | 15,795,709,000 | $ 16,230,166,000 | |
Commercial Financial And Industrial Portfolio Segment | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Beginning Balance | 67,652,000 | 72,732,000 | 67,011,000 | 86,446,000 | ||||
Charge-offs | (4,976,000) | (5,449,000) | (8,531,000) | (11,256,000) | ||||
Recoveries | 926,000 | 1,517,000 | 2,879,000 | 3,119,000 | ||||
Provision/(provision credit) for loan losses | 15,148,000 | (209,000) | 17,391,000 | (9,718,000) | ||||
Ending Balance | 78,750,000 | 68,591,000 | 78,750,000 | 68,591,000 | ||||
Allowance - individually evaluated for impairment | 12,927,000 | 4,075,000 | 12,927,000 | 4,075,000 | ||||
Allowance - collectively evaluated for impairment | 65,646,000 | 64,473,000 | 65,646,000 | 64,473,000 | ||||
Allowance - purchased credit impaired loans | 177,000 | 43,000 | 177,000 | 43,000 | ||||
Individually evaluated for impairment | 55,736,000 | 51,404,000 | 55,736,000 | 51,404,000 | ||||
Collectively evaluated for impairment | 9,771,780,000 | 8,344,652,000 | 9,771,780,000 | 8,344,652,000 | ||||
Purchase credit impaired loans - recorded investment | 5,047,000 | 6,780,000 | 5,047,000 | 6,780,000 | ||||
Loans, net of unearned income | 9,832,563,000 | 8,402,836,000 | 9,832,563,000 | 8,402,836,000 | 9,007,286,000 | |||
Commercial Real Estate Portfolio Segment | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Beginning Balance | 17,665,000 | 15,523,000 | 18,574,000 | 10,603,000 | ||||
Charge-offs | (888,000) | (747,000) | (1,675,000) | (1,374,000) | ||||
Recoveries | 153,000 | 1,732,000 | 844,000 | 2,011,000 | ||||
Provision/(provision credit) for loan losses | 4,562,000 | (687,000) | 3,749,000 | 4,581,000 | ||||
Ending Balance | 21,492,000 | 15,821,000 | 21,492,000 | 15,821,000 | ||||
Allowance - individually evaluated for impairment | 635,000 | 1,308,000 | 635,000 | 1,308,000 | ||||
Allowance - collectively evaluated for impairment | 18,743,000 | 12,143,000 | 18,743,000 | 12,143,000 | ||||
Allowance - purchased credit impaired loans | 2,114,000 | 2,370,000 | 2,114,000 | 2,370,000 | ||||
Individually evaluated for impairment | 12,493,000 | 22,857,000 | 12,493,000 | 22,857,000 | ||||
Collectively evaluated for impairment | 1,365,846,000 | 1,173,348,000 | 1,365,846,000 | 1,173,348,000 | ||||
Purchase credit impaired loans - recorded investment | 22,376,000 | 35,308,000 | 22,376,000 | 35,308,000 | ||||
Loans, net of unearned income | 1,400,715,000 | 1,231,513,000 | 1,400,715,000 | 1,231,513,000 | 1,277,717,000 | |||
Consumer Real Estate Portfolio Segment | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Beginning Balance | 109,245,000 | 123,409,000 | 113,011,000 | 126,785,000 | ||||
Charge-offs | (6,903,000) | (8,074,000) | (15,440,000) | (20,338,000) | ||||
Recoveries | 7,851,000 | 5,470,000 | 12,575,000 | 10,444,000 | ||||
Provision/(provision credit) for loan losses | (24,736,000) | (2,768,000) | (24,689,000) | 1,146,000 | ||||
Ending Balance | 85,457,000 | 118,037,000 | 85,457,000 | 118,037,000 | ||||
Allowance - individually evaluated for impairment | 41,406,000 | 43,925,000 | 41,406,000 | 43,925,000 | ||||
Allowance - collectively evaluated for impairment | 43,558,000 | 74,071,000 | 43,558,000 | 74,071,000 | ||||
Allowance - purchased credit impaired loans | 493,000 | 41,000 | 493,000 | 41,000 | ||||
Individually evaluated for impairment | 172,097,000 | 176,885,000 | 172,097,000 | 176,885,000 | ||||
Collectively evaluated for impairment | 4,695,754,000 | 5,041,270,000 | 4,695,754,000 | 5,041,270,000 | ||||
Purchase credit impaired loans - recorded investment | 2,420,000 | 775,000 | 2,420,000 | 775,000 | ||||
Loans, net of unearned income | [2] | 4,870,271,000 | 5,218,930,000 | 4,870,271,000 | 5,218,930,000 | 5,048,071,000 | ||
Permanent Mortgage Portfolio Segment | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Beginning Balance | 20,186,000 | 22,521,000 | 19,122,000 | 22,491,000 | ||||
Charge-offs | (809,000) | (879,000) | (1,993,000) | (3,097,000) | ||||
Recoveries | 671,000 | 694,000 | 1,289,000 | 1,272,000 | ||||
Provision/(provision credit) for loan losses | 2,329,000 | 1,391,000 | 3,959,000 | 3,061,000 | ||||
Ending Balance | 22,377,000 | 23,727,000 | 22,377,000 | 23,727,000 | ||||
Allowance - individually evaluated for impairment | 17,857,000 | 19,323,000 | 17,857,000 | 19,323,000 | ||||
Allowance - collectively evaluated for impairment | 4,520,000 | 4,404,000 | 4,520,000 | 4,404,000 | ||||
Allowance - purchased credit impaired loans | 0 | 0 | 0 | 0 | ||||
Individually evaluated for impairment | 107,157,000 | 119,466,000 | 107,157,000 | 119,466,000 | ||||
Collectively evaluated for impairment | 380,522,000 | 474,535,000 | 380,522,000 | 474,535,000 | ||||
Purchase credit impaired loans - recorded investment | 0 | 0 | 0 | 0 | ||||
Loans, net of unearned income | 487,679,000 | 594,001,000 | 487,679,000 | 594,001,000 | 538,961,000 | |||
Credit Card & Other | ||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||
Beginning Balance | 13,580,000 | 13,061,000 | 14,730,000 | 7,484,000 | ||||
Charge-offs | (5,858,000) | (3,615,000) | (9,794,000) | (7,391,000) | ||||
Recoveries | 856,000 | 733,000 | 1,749,000 | 1,429,000 | ||||
Provision/(provision credit) for loan losses | 4,697,000 | 7,273,000 | 6,590,000 | 15,930,000 | ||||
Ending Balance | 13,275,000 | 17,452,000 | 13,275,000 | 17,452,000 | ||||
Allowance - individually evaluated for impairment | 155,000 | 266,000 | 155,000 | 266,000 | ||||
Allowance - collectively evaluated for impairment | 13,120,000 | 17,185,000 | 13,120,000 | 17,185,000 | ||||
Allowance - purchased credit impaired loans | 0 | 1,000 | 0 | 1,000 | ||||
Individually evaluated for impairment | 418,000 | 524,000 | 418,000 | 524,000 | ||||
Collectively evaluated for impairment | 345,118,000 | 347,893,000 | 345,118,000 | 347,893,000 | ||||
Purchase credit impaired loans - recorded investment | 8,000 | 12,000 | 8,000 | 12,000 | ||||
Loans, net of unearned income | $ 345,544,000 | $ 348,429,000 | $ 345,544,000 | $ 348,429,000 | $ 358,131,000 | |||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||||
[2] | (a) Balances as of June 30, 2015 and 2014, and December 31, 2014 include $ 66 .4 million, $ 84.4 million, and $ 76.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information. |
Intangible Assets (Narrative) (
Intangible Assets (Narrative) (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Goodwill And Intangible Assets Disclosure [Abstract] | ||||
Gross carrying amount of other intangible assets | $ 70,300,000 | |||
Intangible assets accumulated amortization | 43,400,000 | |||
Future Amortization Expense, Remainder of Fiscal Year | 2,600,000 | |||
Estimated aggregate amortization expense, Year 2016 | 5,000,000 | |||
Estimated aggregate amortization expense, Year 2017 | 4,700,000 | |||
Estimated aggregate amortization expense, Year 2018 | 4,500,000 | |||
Estimated aggregate amortization expense, Year 2019 | 4,200,000 | |||
Estimated aggregate amortization expense, Year 2020 | 1,500,000 | |||
Goodwill [Line Items] | ||||
Gross goodwill | 145,932,000 | $ 145,932,000 | $ 141,943,000 | $ 141,943,000 |
Goodwill | 145,932,000 | $ 145,932,000 | $ 141,943,000 | $ 141,943,000 |
Non Strategic [Member] | ||||
Goodwill [Line Items] | ||||
Gross goodwill | 200,000,000 | |||
Accumulated impairments | 114,100,000 | |||
Accumulated divestiture related write-offs | 85,900,000 | |||
Goodwill | $ 0 |
Intangible Assets (Summary Of I
Intangible Assets (Summary Of Intangible Assets, Net Of Accumulated Amortization Included In The Consolidated Statements) (Details) - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | ||
Goodwill And Intangible Assets Disclosure [Abstract] | |||
Goodwill, Beginning balance | $ 145,932,000 | $ 141,943,000 | |
Goodwill, Amortization expense | 0 | 0 | |
Goodwill, Ending balance | 145,932,000 | 141,943,000 | |
Other Intangible Assets, Beginning Balance | [1] | 29,518,000 | 21,988,000 |
Other Intangible Assets, Amortization expense | (2,596,000) | (1,963,000) | |
Other Intangible Assets, Ending Balance | [1] | $ 26,922,000 | $ 20,025,000 |
[1] | Represents customer lists, acquired contracts, core deposit intangibles, 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 ($) | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Goodwill [Line Items] | ||||
Gross goodwill | $ 145,932,000 | $ 141,943,000 | $ 145,932,000 | $ 141,943,000 |
Goodwill | 145,932,000 | 141,943,000 | 145,932,000 | 141,943,000 |
Additions | 0 | 0 | ||
Impairments | 0 | 0 | ||
Divestitures | 0 | 0 | ||
Net change in goodwill | 0 | 0 | ||
Regional Banking [Member] | ||||
Goodwill [Line Items] | ||||
Gross goodwill | 47,928,000 | 43,939,000 | 47,928,000 | 43,939,000 |
Goodwill | 47,928,000 | 43,939,000 | 47,928,000 | 43,939,000 |
Additions | 0 | 0 | ||
Impairments | 0 | 0 | ||
Divestitures | 0 | 0 | ||
Net change in goodwill | 0 | 0 | ||
Fixed Income [Member] | ||||
Goodwill [Line Items] | ||||
Gross goodwill | 98,004,000 | 98,004,000 | 98,004,000 | 98,004,000 |
Goodwill | 98,004,000 | 98,004,000 | $ 98,004,000 | $ 98,004,000 |
Additions | 0 | 0 | ||
Impairments | 0 | 0 | ||
Divestitures | 0 | 0 | ||
Net change in goodwill | $ 0 | $ 0 |
Other Income And Other Expens66
Other Income And Other Expense (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
All other income and commissions: | |||||
ATM interchange fees | $ 3,025,000 | $ 2,746,000 | $ 5,786,000 | $ 5,243,000 | |
Letter of credit fees | 1,532,000 | 1,173,000 | 2,655,000 | 2,836,000 | |
Electronic banking fees | 1,459,000 | 1,535,000 | 2,887,000 | 3,069,000 | |
Deferred compensation | [1] | (35,000) | 1,184,000 | 998,000 | 1,841,000 |
Gains/(loss) on extinguishment of debt | 0 | 0 | 0 | (4,350,000) | |
Other | 6,421,000 | 2,597,000 | 9,546,000 | 5,490,000 | |
Total | 12,402,000 | 9,235,000 | 21,872,000 | 14,129,000 | |
All other expense: | |||||
Other insurance and taxes | 3,455,000 | 3,209,000 | 6,784,000 | 6,269,000 | |
Travel and entertainment | 2,632,000 | 2,645,000 | 4,246,000 | 4,469,000 | |
Customer relations | 1,505,000 | 1,680,000 | 2,819,000 | 2,923,000 | |
Employee training and dues | 1,449,000 | 1,200,000 | 2,581,000 | 2,066,000 | |
Supplies | 880,000 | 804,000 | 1,807,000 | 1,920,000 | |
Miscellaneous loan costs | 734,000 | 839,000 | 1,095,000 | 1,553,000 | |
Tax credit investments | 549,000 | 862,000 | 944,000 | 1,187,000 | |
Litigation and regulatory matters | 0 | (38,200,000) | 162,500,000 | (38,110,000) | |
Other | 9,307,000 | 8,902,000 | 17,730,000 | 18,147,000 | |
Total | $ 20,511,000 | $ (18,059,000) | $ 200,506,000 | $ 424,000 | |
[1] | Deferred compensation market value adjustments are mirrored by adjustments to employee compensation, incentives, and benefits expense. |
Changes In Accumulated Other 67
Changes In Accumulated Other Comprehensive Income Balances (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |||
Beginning Balance | $ (169,159,000) | $ (140,119,000) | $ (188,246,000) | $ (150,009,000) | ||
Other comprehensive income before reclassifications, Net of tax | (20,100,000) | 17,358,000 | (2,096,000) | 26,837,000 | ||
Amounts reclassifed from accumulated other comprehensive income, Net of tax | 1,011,000 | 650,000 | 2,094,000 | 1,061,000 | ||
Other comprehensive income/(loss) | (19,089,000) | 18,008,000 | (2,000) | [1] | 27,898,000 | [1] |
Ending Balance | (188,248,000) | (122,111,000) | (188,248,000) | (122,111,000) | ||
Reclassification From Accumulated Other Comprehensive Income Current Period Tax | 600,000 | 400,000 | 1,300,000 | 700,000 | ||
Unrealized Gain Loss On Securities Available For Sale [Member] | ||||||
Beginning Balance | 36,585,000 | (1,762,000) | 18,581,000 | (11,241,000) | ||
Other comprehensive income before reclassifications, Net of tax | (20,100,000) | 17,358,000 | (2,096,000) | 26,837,000 | ||
Amounts reclassifed from accumulated other comprehensive income, Net of tax | 0 | 0 | 0 | 0 | ||
Other comprehensive income/(loss) | (20,100,000) | 17,358,000 | (2,096,000) | 26,837,000 | ||
Ending Balance | 16,485,000 | 15,596,000 | 16,485,000 | 15,596,000 | ||
Other Comprehensive Income Loss Current Period Before Reclassification Adjustments, Tax | (12,700,000) | 10,900,000 | (1,300,000) | 16,800,000 | ||
OtherComprehensiveIncomeLossTax | (12,700,000) | 10,900,000 | (1,300,000) | 16,800,000 | ||
Pension And Other Postretirement Plans Costs [Member] | ||||||
Beginning Balance | (205,744,000) | (138,357,000) | (206,827,000) | (138,768,000) | ||
Other comprehensive income before reclassifications, Net of tax | 0 | 0 | 0 | 0 | ||
Amounts reclassifed from accumulated other comprehensive income, Net of tax | 1,011,000 | 650,000 | 2,094,000 | 1,061,000 | ||
Other comprehensive income/(loss) | 1,011,000 | 650,000 | 2,094,000 | 1,061,000 | ||
Ending Balance | (204,733,000) | (137,707,000) | (204,733,000) | (137,707,000) | ||
Other Comprehensive Income Loss Current Period Before Reclassification Adjustments, Tax | 0 | 0 | 0 | 0 | ||
Reclassification From Accumulated Other Comprehensive Income Current Period Tax | 600,000 | 400,000 | 1,300,000 | 700,000 | ||
OtherComprehensiveIncomeLossTax | $ 600,000 | $ 400,000 | $ 1,300,000 | $ 700,000 | ||
[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)
Earnings Per Share (Narrative) (Details) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Effect of dilutive securities | 1,869,000 | 1,453,000 | 0 | 1,833,000 |
Employee Stock Options [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Stock options, weighted average exercise price | $ 24.26 | $ 21.17 | $ 17.17 | $ 24.26 |
Shares excluded from computation of earnings per share | 3,600,000 | 5,600,000 | 7,800,000 | 4,800,000 |
Other Equity Awards [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Shares excluded from computation of earnings per share | 2,200,000 |
Earnings Per Share (Schedule Of
Earnings Per Share (Schedule Of Reconciliation Of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Earnings Per Share [Abstract] | ||||
Net income/(loss) | $ 54,957,000 | $ 81,929,000 | $ (17,448,000) | $ 131,908,000 |
Net income attributable to noncontrolling interest | 2,851,000 | 2,859,000 | 5,609,000 | 5,672,000 |
Net income/(loss) attributable to controlling interest | 52,106,000 | 79,070,000 | (23,057,000) | 126,236,000 |
Preferred stock dividends | 1,550,000 | 1,550,000 | 3,100,000 | 3,100,000 |
Net income/(loss) available to common shareholders | $ 50,556,000 | $ 77,520,000 | $ (26,157,000) | $ 123,136,000 |
Weighted average common shares outstanding - basic | 232,800,000 | 235,797,000 | 232,808,000 | 235,492,000 |
Effect of dilutive securities | 1,869,000 | 1,453,000 | 0 | 1,833,000 |
Weighted average common shares outstanding - diluted | 234,669,000 | 237,250,000 | 232,808,000 | 237,325,000 |
Net income/(loss) per share available to common shareholders | $ 0.22 | $ 0.33 | $ (0.11) | $ 0.52 |
Diluted income/(loss) per share | $ 0.22 | $ 0.33 | $ (0.11) | $ 0.52 |
Contingencies And Other Discl70
Contingencies And Other Disclosures (Narrative I) (Details) shares in Millions | 1 Months Ended | 6 Months Ended | 36 Months Ended | |||||
Oct. 31, 2014USD ($) | Jun. 30, 2015USD ($)numbershares | Dec. 31, 2007number | Jun. 25, 2015USD ($) | Sep. 30, 2014USD ($) | Jun. 30, 2014USD ($) | Sep. 30, 2013USD ($) | Mar. 31, 2008shares | |
Loss Contingencies [Line Items] | ||||||||
Estimated Litigation Liability | $ 6,300,000 | |||||||
Number of GSEs to which conventional conforming single-family mortgage loans were predominately sold to | number | 2 | |||||||
Percent Of Repurchase Make Whole Claims Related To Private Whole Loan Sales | 51.00% | |||||||
Loan-to-value ratio at origination | 80.00% | |||||||
Accrued losses on loan repurchase exposure | $ 117,200,000 | $ 141,600,000 | ||||||
Unpaid principal balance of servicing portfolio | 228,500,000 | $ 15,000,000,000 | ||||||
Fha Insured [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Amount Of Insurance Recoveries Company Is Pursuing | 75,000,000 | |||||||
Litigation Settlement Expense | 212,500,000 | |||||||
Mortgage Securitization Litigation [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Investment in proprietary securitizations subject to lawsuits | 195,700,000 | |||||||
Investment in proprietary securitizations subject to indemnifications | 613,900,000 | |||||||
F H Proprietary Securitization [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Number of securitization trusts active | number | 80 | |||||||
Remaining balance in mortgage loans | $ 5,500,000,000 | |||||||
Visa Class B Shares [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Number of Visa Class B shares | shares | 1.1 | 2.4 | ||||||
Additional amount deposited into escrow account by Visa | $ 450,000,000 | |||||||
Cash payment to counterparty | $ 2,400,000 | |||||||
Estimated conversion ratio | 165.00% | |||||||
Contingent liability | $ 800,000 | |||||||
Derivative liability | 4,800,000 | $ 4,700,000 | ||||||
Historical cost | 0 | |||||||
Amount disputed related to various items for transfers of subservicers | ||||||||
Loss Contingencies [Line Items] | ||||||||
Actual damages sought by plaintiff | 8,600,000 | |||||||
Subservicer expenditure reimbursement amount disputed | ||||||||
Loss Contingencies [Line Items] | ||||||||
Actual damages sought by plaintiff | 34,900,000 | |||||||
Alt-A [Member] | F H Proprietary Securitization [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Remaining balance in mortgage loans | 3,900,000,000 | |||||||
Jumbo Mortgage Loans [Member] | F H Proprietary Securitization [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Remaining balance in mortgage loans | 1,700,000,000 | |||||||
Minimum | ||||||||
Loss Contingencies [Line Items] | ||||||||
Estimated reasonably possible losses in excess of currently established liabilities | 0 | |||||||
Minimum | Debit Transaction Sequencing Matter [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Actual damages sought by plaintiff | 5,000,000 | |||||||
Maximum | ||||||||
Loss Contingencies [Line Items] | ||||||||
Estimated reasonably possible losses in excess of currently established liabilities | $ 75,000,000 | |||||||
Investments Subject To Lawsuits [Member] | Mortgage Securitization Litigation [Member] | ||||||||
Loss Contingencies [Line Items] | ||||||||
Ending certificate balance of the investments subject to lawsuits | $ 229,100,000 | |||||||
Investments percentage performing | 85.00% | |||||||
Cumulative losses on investments, percentage of unpaid balance | 7.00% |
Contingencies And Other Discl71
Contingencies And Other Disclosures (Schedule Of Original Purchase Amount Of Investments Subject To Litigation) (Details) | Jun. 25, 2015USD ($) |
Alternativea Mortgage Loan Pools [Member] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | $ 727,042,000 |
Ending balance of the investments at issue | 207,435,000 |
Alternativea Mortgage Loan Pools [Member] | 2005 [Member] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | 202,417,000 |
Ending balance of the investments at issue | 46,314,000 |
Alternativea Mortgage Loan Pools [Member] | 2006 [Member] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | 325,613,000 |
Ending balance of the investments at issue | 82,097,000 |
Alternativea Mortgage Loan Pools [Member] | 2007 [Member] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | 199,012,000 |
Ending balance of the investments at issue | 79,024,000 |
Jumbo Mortgage Loans [Member] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | 82,540,000 |
Ending balance of the investments at issue | 21,634,000 |
Jumbo Mortgage Loans [Member] | 2005 [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] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | 32,540,000 |
Ending balance of the investments at issue | 7,614,000 |
Jumbo Mortgage Loans [Member] | 2007 [Member] | |
Loss Contingencies [Line Items] | |
Original purchase amounts of the investments at issue | 50,000,000 |
Ending balance of the investments at issue | $ 14,020,000 |
Pension, Savings, And Other E72
Pension, Savings, And Other Employee Benefits (Narrative) (Details) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Estimated social security benefits age | 65 years | |||
Non Qualified Plans [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Contributions to non-qualified plans | $ 5 | $ 5 | ||
Savings Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Employer investment in qualified defined contribution plan | 100.00% | 100.00% | ||
Maximum percent of employee pre-tax contributions that may be matched by the Company | 6.00% | 6.00% |
Pension, Savings, And Other E73
Pension, Savings, And Other Employee Benefits (Schedule Of Components Of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Pension Plans Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 10 | $ 17 | $ 20 | $ 34 |
Interest cost | 9,020 | 8,660 | 18,040 | 17,320 |
Expected return on plan assets | (9,391) | (10,018) | (18,783) | (20,036) |
Amortization of unrecognized, Prior service cost/(credit) | 83 | 87 | 166 | 174 |
Amortization of unrecognized, Actuarial (gain)/loss | 2,395 | 1,635 | 4,791 | 3,270 |
Net periodic benefit cost | 2,117 | 381 | 4,234 | 762 |
Other Postretirement Benefit Plans Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 38 | 55 | 75 | 110 |
Interest cost | 360 | 458 | 720 | 916 |
Expected return on plan assets | (242) | (255) | (483) | (510) |
Amortization of unrecognized, Prior service cost/(credit) | (291) | (291) | (582) | (582) |
Amortization of unrecognized, Actuarial (gain)/loss | (244) | (252) | (488) | (378) |
Net periodic benefit cost | $ (379) | $ (285) | $ (758) | $ (444) |
Business Segment Information (A
Business Segment Information (Amounts Of Consolidated Revenue, Expense, Tax And Assets) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Segment Reporting Information [Line Items] | ||||
Net interest income | $ 166,640,000 | $ 156,768,000 | $ 323,506,000 | $ 309,127,000 |
Provision for loan losses | 2,000,000 | 5,000,000 | 7,000,000 | 15,000,000 |
Noninterest income | 130,301,000 | 126,901,000 | 259,990,000 | 272,631,000 |
Noninterest expense | 218,394,000 | 163,162,000 | 594,615,000 | 381,206,000 |
Income/(loss) before income taxes | 76,547,000 | 115,507,000 | (18,119,000) | 185,552,000 |
Provision/(benefit) for income taxes | 21,590,000 | 33,578,000 | (671,000) | 53,644,000 |
Net income/(loss) | 54,957,000 | 81,929,000 | (17,448,000) | 131,908,000 |
Average assets | 25,414,048,000 | 23,647,298,000 | 25,528,689,000 | 23,778,347,000 |
Regional Banking [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 165,908,000 | 148,675,000 | 320,317,000 | 290,701,000 |
Provision for loan losses | 17,078,000 | 8,425,000 | 21,993,000 | 21,415,000 |
Noninterest income | 65,989,000 | 66,227,000 | 126,193,000 | 126,219,000 |
Noninterest expense | 144,203,000 | 132,996,000 | 279,983,000 | 265,539,000 |
Income/(loss) before income taxes | 70,616,000 | 73,481,000 | 144,534,000 | 129,966,000 |
Provision/(benefit) for income taxes | 24,996,000 | 26,070,000 | 51,377,000 | 46,153,000 |
Net income/(loss) | 45,620,000 | 47,411,000 | 93,157,000 | 83,813,000 |
Average assets | 15,023,869,000 | 13,053,129,000 | 14,628,188,000 | 12,835,470,000 |
Fixed Income [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 4,297,000 | 2,587,000 | 8,620,000 | 6,063,000 |
Noninterest income | 56,001,000 | 47,564,000 | 117,566,000 | 104,323,000 |
Noninterest expense | 51,214,000 | 116,000 | 105,897,000 | 52,714,000 |
Income/(loss) before income taxes | 9,084,000 | 50,035,000 | 20,289,000 | 57,672,000 |
Provision/(benefit) for income taxes | 3,171,000 | 19,143,000 | 7,338,000 | 21,986,000 |
Net income/(loss) | 5,913,000 | 30,892,000 | 12,951,000 | 35,686,000 |
Average assets | 2,416,132,000 | 2,074,593,000 | 2,431,118,000 | 2,056,581,000 |
Corporate [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | (17,376,000) | (11,968,000) | (33,460,000) | (21,891,000) |
Noninterest income | 3,901,000 | 5,215,000 | 9,286,000 | 18,430,000 |
Noninterest expense | 13,770,000 | 13,532,000 | 27,939,000 | 30,859,000 |
Income/(loss) before income taxes | (27,245,000) | (20,285,000) | (52,113,000) | (34,320,000) |
Provision/(benefit) for income taxes | (15,882,000) | (16,369,000) | (27,522,000) | (26,997,000) |
Net income/(loss) | (11,363,000) | (3,916,000) | (24,591,000) | (7,323,000) |
Average assets | 5,565,279,000 | 5,341,568,000 | 5,987,666,000 | 5,595,768,000 |
Non Strategic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 13,811,000 | 17,474,000 | 28,029,000 | 34,254,000 |
Provision for loan losses | (15,078,000) | (3,425,000) | (14,993,000) | (6,415,000) |
Noninterest income | 4,410,000 | 7,895,000 | 6,945,000 | 23,659,000 |
Noninterest expense | 9,207,000 | 16,518,000 | 180,796,000 | 32,094,000 |
Income/(loss) before income taxes | 24,092,000 | 12,276,000 | (130,829,000) | 32,234,000 |
Provision/(benefit) for income taxes | 9,305,000 | 4,734,000 | (31,864,000) | 12,502,000 |
Net income/(loss) | 14,787,000 | 7,542,000 | (98,965,000) | 19,732,000 |
Average assets | $ 2,408,768,000 | $ 3,178,008,000 | $ 2,481,717,000 | $ 3,290,528,000 |
Variable Interest Entities (Sum
Variable Interest Entities (Summary Of VIE Consolidated By FHN) (Details) - USD ($) | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Assets: | |||||||
Cash and due from banks | $ 274,256,000 | $ 349,171,000 | $ 417,108,000 | ||||
Loans, net of unearned income | 16,936,772,000 | [1] | 16,230,166,000 | 15,795,709,000 | |||
Allowance for loan losses | 221,351,000 | $ 228,328,000 | 232,448,000 | 243,628,000 | $ 247,246,000 | $ 253,809,000 | |
Total net loans | 16,715,421,000 | 15,997,718,000 | 15,552,081,000 | ||||
Other assets | 1,408,336,000 | 1,385,572,000 | 1,370,832,000 | ||||
Total assets | 25,239,767,000 | 25,668,187,000 | 24,218,345,000 | ||||
Liabilities: | |||||||
Term borrowings | 1,557,647,000 | 1,880,105,000 | 1,501,209,000 | ||||
Other liabilities | 574,090,000 | 649,359,000 | 507,894,000 | ||||
Total liabilities | 22,721,862,000 | $ 23,086,597,000 | 21,603,070,000 | ||||
On Balance Sheet Consumer Loan Securitizations [Member] | |||||||
Assets: | |||||||
Cash and due from banks | 1,382,000 | 0 | |||||
Loans, net of unearned income | 66,444,000 | 84,381,000 | |||||
Allowance for loan losses | 214,000 | 725,000 | |||||
Total net loans | 66,230,000 | 83,656,000 | |||||
Other assets | 184,000 | 410,000 | |||||
Total assets | 67,796,000 | 84,066,000 | |||||
Liabilities: | |||||||
Term borrowings | 55,679,000 | 74,103,000 | |||||
Other liabilities | 3,000 | 4,000 | |||||
Total liabilities | 55,682,000 | 74,107,000 | |||||
Rabbi Trusts Used For Deferred Compensation Plans [Member] | |||||||
Assets: | |||||||
Other assets | 69,077,000 | 66,360,000 | |||||
Total assets | 69,077,000 | 66,360,000 | |||||
Liabilities: | |||||||
Other liabilities | 51,861,000 | 50,816,000 | |||||
Total liabilities | $ 51,861,000 | $ 50,816,000 | |||||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. |
Variable Interest Entities (S76
Variable Interest Entities (Summary of the Impact of Qualifying LIHTC Investments) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Low income housing tax credits [Member] | ||||
Variable Interest Entity [Line Items] | ||||
Amortization of qualifying LIHTC investments | $ 2,180,000 | $ 2,470,000 | $ 4,360,000 | $ 4,940,000 |
Affordable Housing Tax Credits and Other Tax Benefits | (2,363,000) | (2,463,000) | (4,726,000) | (4,925,000) |
Other tax benefits related to qualifying LIHTC investments [Member] | ||||
Variable Interest Entity [Line Items] | ||||
Affordable Housing Tax Credits and Other Tax Benefits | $ (755,000) | $ (1,864,000) | $ (1,599,000) | $ (3,719,000) |
Variable Interest Entities (S77
Variable Interest Entities (Summary Of VIE Not Consolidated By FHN) (Details) - Entity [Domain] - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | ||
Variable Interest Entity [Line Items] | |||||
Loans, net of unearned income | $ 16,936,772,000 | [1] | $ 16,230,166,000 | $ 15,795,709,000 | |
Term borrowings | 1,557,647,000 | 1,880,105,000 | 1,501,209,000 | ||
Trading securities | 1,133,490,000 | 1,194,391,000 | 1,150,280,000 | ||
Total MSR recognized by FHN | 2,158,000 | 3,197,000 | |||
Custodial balances | 5,366,936,000 | 5,195,656,000 | 4,513,800,000 | ||
Securities available for sale | 3,648,860,000 | [2] | $ 3,556,613,000 | 3,576,542,000 | [3] |
Low Income Housing Partnerships [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 68,405,000 | [4] | 60,134,000 | [5] | |
Maximum loss exposure, contractual funding commitments | 12,000,000 | 6,500,000 | |||
Liability Recognized | 11,976,000 | [4] | 6,471,000 | [5] | |
Low Income Housing Partnerships [Member] | Other Assets Member | |||||
Variable Interest Entity [Line Items] | |||||
Maximum loss exposure, current investments | 56,400,000 | 53,700,000 | |||
Other Tax Credit Investments [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 21,690,000 | [6],[7] | 22,359,000 | [8],[9] | |
Liability Recognized | 0 | [6],[7] | 0 | [8],[9] | |
Other Tax Credit Investments [Member] | Current Investment Funded By Borrowings [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum loss exposure, current investments | 18,000,000 | 18,000,000 | |||
Small Issuer Trust Preferred Holdings [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 344,321,000 | [10] | 364,942,000 | [11] | |
Liability Recognized | 0 | [10] | 0 | [11] | |
On Balance Sheet Trust Preferred Securitization [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 50,506,000 | [12] | 52,682,000 | [13] | |
Liability Recognized | 63,686,000 | [12] | 61,491,000 | [13] | |
Loans, net of unearned income | 112,500,000 | 112,500,000 | |||
Term borrowings | 63,700,000 | 61,500,000 | |||
Trading securities | 1,700,000 | 1,700,000 | |||
Proprietary Trust Preferred Issuances [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Liability Recognized | 206,186,000 | [14] | 206,186,000 | [15] | |
Proprietary Agency Residential Mortgage Securitizations [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 24,664,000 | [16] | 35,118,000 | [17] | |
Liability Recognized | 0 | [16] | 0 | [17] | |
Trading securities | 4,900,000 | 6,400,000 | |||
Total MSR recognized by FHN | 600,000 | 1,100,000 | |||
Proprietary Agency Residential Mortgage Securitizations [Member] | Other Assets Member | |||||
Variable Interest Entity [Line Items] | |||||
Aggregate servicing advances | 19,100,000 | 27,600,000 | |||
Holdings Of Agency Mortgage Backed Securities [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 3,929,684,000 | [10],[18] | 3,703,941,000 | [11],[19] | |
Liability Recognized | 0 | [10],[18] | 0 | [19] | |
Trading securities | 473,800,000 | 371,700,000 | |||
Securities available for sale | 3,500,000,000 | 3,300,000,000 | |||
Short Positions In Agency Mortgage Backed Securities [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Liability Recognized | 1,486,000 | [14] | 1,092,000 | [15] | |
Commercial Loan Troubled Debt Restructurings [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Maximum Loss Exposure | 36,047,000 | [20],[21] | 57,157,000 | [22],[23] | |
Maximum loss exposure, contractual funding commitments | 5,100,000 | 3,100,000 | |||
Liability Recognized | 0 | [20],[21] | 0 | ||
Loans, net of unearned income | $ 30,900,000 | $ 54,000,000 | |||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | ||||
[2] | Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[3] | Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . | ||||
[4] | Maximum loss exposure represents $ 56 . 4 million of current investments and $ 12 . 0 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for future funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 . | ||||
[5] | Maximum loss exposure represents $ 53.7 million of current investments and $ 6.5 million of accrued contractual funding commitments. Accrued funding commitments represent unconditional contractual obligations for futu re funding events, and are also recognized in Other Liabilities. FHN currently expects to be required to fund these accrued commitments by the end of 2016 . | ||||
[6] | A lia bility is not recognized as investments are written down over the life of the related tax credit. | ||||
[7] | Maximum loss exposure represe nts current investment balance. Of the initial investment, $ 1 8 . 0 million was funded through loans from community development enterprises. | ||||
[8] | A liability is not recognized as investments are written down over the life of the related tax credi t. | ||||
[9] | Maximum loss exposure represents current investment balance. Of the initial investment, $ 18.0 million was funded through loans from community development enterprises. | ||||
[10] | Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a ho lder of the trusts’ securities. | ||||
[11] | Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts’ securities. | ||||
[12] | Includes $ 112.5 million classified as Loans, net of unearned income, and $ 1.7 million classified as Trading securities which are offset by $ 63.7 million classified as Term borrowings. | ||||
[13] | Includes $ 112.5 million classified as Loans, net of unearned income, and $ 1.7 million classified as Trading securities which are offset by $ 61 . 5 million classified as Term borrowings. | ||||
[14] | No exposure to loss due to the nature of FHN’s involvement. | ||||
[15] | No expos ure to loss due to the nature of FHN’s involveme nt. | ||||
[16] | Includes $ . 6 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 4 . 9 million classified as Trading securities related to proprietary residential mortgage securitizations. Aggregate servi cing advances of $ 19 . 1 million are classified as Other assets. | ||||
[17] | Includes $ 1.1 million classified as MSR related to proprietary and agency residential mortgage securitizations and $ 6 . 4 million classified as Trading securities related to proprietary and agency residenti al mortga ge securitizations . Aggregate servicing advances of $ 27 . 6 million are classified as Other assets. | ||||
[18] | Includes $ 473.8 million classified as Trading securities and $ 3 . 5 billion cla ssified as Securities available-for- sale. | ||||
[19] | Includes $ 371 . 7 million classified as Trading securities and $ 3 . 3 billion cla ssified as Securities available-for- sale. | ||||
[20] | A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operat ions. | ||||
[21] | Maximum loss exposure represents $ 30 . 9 million of current receivables and $ 5 . 1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. | ||||
[22] | A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers’ operations. | ||||
[23] | Maximum loss exposure represen ts $ 54 . 0 million of current receivables and $ 3 . 1 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring. |
Derivatives (Narrative) (Detail
Derivatives (Narrative) (Details) - Derivative Contract Type [Domain] - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Jan. 31, 2015 | Dec. 31, 2014 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Collateral cash receivables | $ 80,600,000 | $ 101,600,000 | $ 80,600,000 | $ 101,600,000 | ||
Collateral cash payables | 41,100,000 | 71,300,000 | 41,100,000 | 71,300,000 | ||
Total trading revenues | 46,700,000 | 40,500,000 | $ 100,200,000 | 90,100,000 | ||
Noncallable senior debt maturing date | Dec. 1, 2015 | |||||
Other Long-term Debt | 1,557,647,000 | 1,501,209,000 | $ 1,557,647,000 | 1,501,209,000 | $ 1,880,105,000 | |
Hedged amount of foreign currency denominated loans | 3,500,000 | 800,000 | 3,500,000 | 800,000 | ||
Borrowings matured | $ 304,000,000 | |||||
Visa Class B Shares [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Derivative liabilities related to sale | 4,800,000 | 4,700,000 | $ 4,800,000 | 4,700,000 | ||
First Tennessee Bank National Association [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Noncallable senior debt maturing date | Dec. 1, 2019 | |||||
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Shortcut Method [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Net fair value of interest rate derivatives hedging | 9,100,000 | 28,100,000 | $ 9,100,000 | 28,100,000 | ||
Other Long-term Debt | 250,000,000 | 554,000,000 | 250,000,000 | 554,000,000 | ||
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Net fair value of interest rate derivatives hedging | 4,500,000 | 14,000,000 | 4,500,000 | 14,000,000 | ||
Other Long-term Debt | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | ||
Long Term Debt Hedged With Fair Value Interest Rate Derivatives Using Long Haul Method [Member] | First Tennessee Bank National Association [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Net fair value of interest rate derivatives hedging | 2,300,000 | 2,300,000 | ||||
Other Long-term Debt | 400,000,000 | 400,000,000 | ||||
Subordinated Debentures Subject To Mandatory Redemption Amounts Redeemed [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Net fair value of interest rate derivatives hedging subordinated debt | 5,100,000 | 12,100,000 | 5,100,000 | 12,100,000 | ||
Other Long-term Debt | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||
Additional Derivative Agreements [Member] | Derivative Instruments With Accelerated Termination Provisions [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Collateral received | 144,200,000 | 190,600,000 | 144,200,000 | 190,600,000 | ||
Securities posted collateral | 23,300,000 | 28,800,000 | 23,300,000 | 28,800,000 | ||
Net fair value of derivative assets with adjustable posting thresholds | 72,500,000 | 116,800,000 | 72,500,000 | 116,800,000 | ||
Net fair value of derivative liabilities with adjustable posting thresholds | 17,000,000 | 23,200,000 | 17,000,000 | 23,200,000 | ||
Additional Derivative Agreements [Member] | Derivative Instruments With Adjustable Collateral Posting Thresholds [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Collateral received | 144,200,000 | 190,600,000 | 144,200,000 | 190,600,000 | ||
Securities posted collateral | 71,900,000 | 92,300,000 | 71,900,000 | 92,300,000 | ||
Net fair value of derivative assets with adjustable posting thresholds | 72,500,000 | 116,800,000 | 72,500,000 | 116,800,000 | ||
Net fair value of derivative liabilities with adjustable posting thresholds | $ 71,600,000 | $ 91,600,000 | $ 71,600,000 | $ 91,600,000 |
Derivatives (Derivatives Associ
Derivatives (Derivatives Associated with Capital Markets Trading Activities) (Details) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Customer Interest Rate Contracts [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional | $ 1,640,844,000 | $ 1,760,032,000 |
Assets | 66,078,000 | 80,710,000 |
Liabilities | 3,285,000 | 4,948,000 |
Offsetting Upstream Interest Rate Contracts [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional | 1,640,844,000 | 1,760,032,000 |
Assets | 3,285,000 | 4,948,000 |
Liabilities | 66,078,000 | 80,710,000 |
Put Option [Member] | ShortMember | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional | 5,000,000 | |
Assets | 0 | |
Liabilities | 4,000 | |
Put Option [Member] | LongMember | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional | 15,000,000 | 17,500,000 |
Assets | 55,000 | 29,000 |
Liabilities | 0 | 0 |
Forwards And Futures Purchased [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional | 2,297,489,000 | 2,378,633,000 |
Assets | 2,773,000 | 4,571,000 |
Liabilities | 2,174,000 | 330,000 |
Forwards And Futures Sold [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Notional | 2,531,248,000 | 2,487,732,000 |
Assets | 2,526,000 | 548,000 |
Liabilities | $ 2,614,000 | $ 4,980,000 |
Derivatives (Derivatives Asso80
Derivatives (Derivatives Associated With Interest Rate Risk Management Activities) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Term borrowings | $ 1,557,647,000 | $ 1,501,209,000 | $ 1,557,647,000 | $ 1,501,209,000 | $ 1,880,105,000 | |
Customer Interest Rate Contracts [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Notional | 1,640,844,000 | 1,760,032,000 | 1,640,844,000 | 1,760,032,000 | ||
Assets | 66,078,000 | 80,710,000 | 66,078,000 | 80,710,000 | ||
Liabilities | 3,285,000 | 4,948,000 | 3,285,000 | 4,948,000 | ||
Customer Interest Rate Contracts [Member] | Customer Interest Rate Contracts Hedging [Member] | Hedging Instruments And Hedged Items [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Notional | [1] | 744,167,000 | 759,266,000 | 744,167,000 | 759,266,000 | |
Assets | [1] | 24,148,000 | 28,143,000 | 24,148,000 | 28,143,000 | |
Liabilities | [1] | 409,000 | 997,000 | 409,000 | 997,000 | |
Gains/(Losses) | [1] | (6,158,000) | 2,714,000 | (1,915,000) | 2,069,000 | |
Offsetting Upstream Interest Rate Contracts [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Notional | 1,640,844,000 | 1,760,032,000 | 1,640,844,000 | 1,760,032,000 | ||
Assets | 3,285,000 | 4,948,000 | 3,285,000 | 4,948,000 | ||
Liabilities | 66,078,000 | 80,710,000 | 66,078,000 | 80,710,000 | ||
Offsetting Upstream Interest Rate Contracts [Member] | Customer Interest Rate Contracts Hedging [Member] | Hedging Instruments And Hedged Items [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Notional | [1] | 744,167,000 | 775,204,000 | 744,167,000 | 775,204,000 | |
Assets | [1] | 409,000 | 997,000 | 409,000 | 997,000 | |
Liabilities | [1] | 24,648,000 | 28,643,000 | 24,648,000 | 28,643,000 | |
Gains/(Losses) | [1] | 6,158,000 | (2,714,000) | 1,915,000 | (2,069,000) | |
Interest Rate Swap [Member] | Debt [Member] | Hedging Instruments [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Notional | [2] | 1,350,000,000 | 1,254,000,000 | 1,350,000,000 | 1,254,000,000 | |
Assets | [2] | 15,954,000 | 42,121,000 | 15,954,000 | 42,121,000 | |
Liabilities | [2] | 5,131,000 | 12,095,000 | 5,131,000 | 12,095,000 | |
Gains/(Losses) | [2] | (10,810,000) | (3,628,000) | (9,840,000) | (3,239,000) | |
Long Term Debt [Member] | Debt [Member] | Hedged Items [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Term borrowings | [2],[3] | 1,350,000,000 | 1,254,000,000 | 1,350,000,000 | 1,254,000,000 | |
Gains/(Losses) related to term borrowings | [2],[4] | $ 10,735,000 | $ 3,628,000 | $ 9,812,000 | $ 3,239,000 | |
[1] | Gains/losses included in the All o ther 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 ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Loans, net of unearned income | $ 16,936,772,000 | [1] | $ 15,795,709,000 | $ 16,936,772,000 | [1] | $ 15,795,709,000 | $ 16,230,166,000 | |
Hedging Instruments [Member] | Loan Portfolio Hedging [Member] | Interest Rate Swap [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Notional | 6,500,000 | 6,500,000 | 6,500,000 | 6,500,000 | ||||
Interest Rate Derivative Liabilities at Fair Value | 640,000 | 900,000 | 640,000 | 900,000 | ||||
Gains/(Losses) | 63,000 | 42,000 | 104,000 | 105,000 | ||||
Hedged Items [Member] | Loan Portfolio Hedging [Member] | Trust Preferred Loans [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Loans, net of unearned income | [2],[3] | 6,500,000 | 6,500,000 | 6,500,000 | 6,500,000 | |||
Gains/(Losses) | [2],[4] | $ (62,000) | $ (41,000) | $ (103,000) | $ (104,000) | |||
[1] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||||
[2] | Assets included in the Loans, net of unearned income section of the Consolidated Condensed Statements of Condition. | |||||||
[3] | Represents principal balance being hedged. | |||||||
[4] | Represents gains and losses attributable to changes in fair value due to interest rate risk as designated in ASC 815-20 hedging relationships. |
Derivative Assets And Collatera
Derivative Assets And Collateral Received (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |
Derivative [Line Items] | ||||
Gross amounts of recognized assets | $ 115,230,000 | $ 134,088,000 | $ 162,067,000 | |
Derivative Assets not subject to master netting agreements | 5,400,000 | 5,100,000 | ||
Derivatives, Interest Rate Contracts | Subject to Master Netting Agreements | ||||
Derivative [Line Items] | ||||
Gross amounts of recognized assets | [1] | 109,874,000 | 156,919,000 | |
Gross amounts offset in the Statement of Condition | [1] | 0 | 0 | |
Net amounts of assets presented in the Statement of Condition | [1],[2] | 109,874,000 | 156,919,000 | |
Derivative liabilities available for offset | [1] | (15,750,000) | (26,475,000) | |
Collateral Received | [1] | (93,656,000) | (129,064,000) | |
Net amount | [1] | $ 468,000 | $ 1,380,000 | |
[1] | 201 5 and 2014 are comprised entirely of interest rate derivative contracts. | |||
[2] | In cluded in Derivative a ssets on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 5 . 4 million and $ 5.1 million, respectively, of derivative assets (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. |
Derivative Liabilities and Coll
Derivative Liabilities and Collateral Pledged (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |
Derivative [Line Items] | ||||
Gross amounts of recognized liabilities | $ 109,815,000 | $ 119,239,000 | $ 138,336,000 | |
Derivative Liabilities not subject to master netting agreements | 9,600,000 | 10,000,000 | ||
Derivatives, Interest Rate Contracts | Subject to Master Netting Agreements | ||||
Derivative [Line Items] | ||||
Gross amounts of recognized liabilities | [1] | 100,191,000 | 128,293,000 | |
Gross amounts offset in the Statement of Condition | [1] | 0 | 0 | |
Net amounts of liabilities presented in the Statement of Condition | [1],[2] | 100,191,000 | 128,293,000 | |
Derivative assets available for offset | [1] | (15,750,000) | (26,475,000) | |
Collateral pledged | [1] | (68,775,000) | (88,935,000) | |
Net amount | [1] | $ 15,666,000 | $ 12,883,000 | |
[1] | 2015 and 2014 are comprised entirely of interest rate derivative contracts. | |||
[2] | In cluded in Derivative l iabilities on the Consolidated Condensed Statements of Condition. As of June 30 , 201 5 and 201 4 , $ 9 . 6 million and $ 10.0 million, respectively, of derivative liabilities (primarily fixed income forward contracts) have been excluded from these tables because they are generally not subject to master netting or similar agreements. |
Securities Purchased Under Agre
Securities Purchased Under Agreements To Resell And Collateral Pledged By Counterparties (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Securities Purchased under Agreements to Resell [Abstract] | |||
Gross amounts of recognized assets | $ 816,991,000 | $ 624,477,000 | |
Gross amounts offset in the Statement of Condition | 0 | 0 | |
Net amounts of assets presented in the Statement of Condition | 816,991,000 | $ 659,154,000 | 624,477,000 |
Offsetting securities sold under agreements to repurchase | (3,605,000) | (61,094,000) | |
Securities collateral (not recognized on FHN's Statement of Condition) | (805,178,000) | (555,665,000) | |
Net amount | $ 8,208,000 | $ 7,718,000 |
Securities Sold Under Agreement
Securities Sold Under Agreements To Repurchase And Collateral Pledged By Counterparties (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Securities Sold Under Agreements To Repurchase [Abstract] | |||
Gross amounts of recognized liabilities | $ 311,760,000 | $ 475,530,000 | |
Gross amounts offset in the statement of Condition | 0 | 0 | |
Net amounts of liabilities presented in the Statement of Condition | 311,760,000 | $ 562,214,000 | 475,530,000 |
Offsetting securities purchased under agreements to resell | (3,605,000) | (61,094,000) | |
Securities Collateral | (308,088,000) | (414,373,000) | |
Net amount | $ 67,000 | $ 63,000 |
Schedule Of The Remaining Contr
Schedule Of The Remaining Contractual Maturity By Collateral Type of Securities Sold Under Agreements To Repurchase (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | $ 311,760,000 | $ 562,214,000 | $ 475,530,000 |
U.S. treasuries | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 15,175,000 | ||
Government agency issued MBS | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 93,697,000 | ||
Government agency issued CMO | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 202,888,000 | ||
Overnight and Continuous | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 299,310,000 | ||
Overnight and Continuous | U.S. treasuries | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 15,175,000 | ||
Overnight and Continuous | Government agency issued MBS | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 93,697,000 | ||
Overnight and Continuous | Government agency issued CMO | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 190,438,000 | ||
Up to 30 Days | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 12,450,000 | ||
Up to 30 Days | U.S. treasuries | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 0 | ||
Up to 30 Days | Government agency issued MBS | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | 0 | ||
Up to 30 Days | Government agency issued CMO | |||
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items] | |||
Securities sold under agreements to repurchase | $ 12,450,000 |
Fair Value Of Assets And Liab87
Fair Value Of Assets And Liabilities (Narrative) (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($)number | Jun. 30, 2014USD ($) | |
Fair Value Of Assets And Liabilities [Abstract] | ||||
Gain/(loss) on instrument specific credit risk | $ 300,000 | $ 900,000 | $ 700,000 | $ 2,600,000 |
Number of levels assets and liabilities are grouped in | number | 3 |
Fair Value Of Assets And Liab88
Fair Value Of Assets And Liabilities (Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | $ 1,133,490,000 | $ 1,194,391,000 | $ 1,150,280,000 | ||
Loans held-for-sale | 26,525,000 | 232,487,000 | |||
Securities available for sale | 3,648,860,000 | [1] | $ 3,556,613,000 | 3,576,542,000 | [2] |
Total other assets | 144,729,000 | 190,124,000 | |||
Total assets | 4,797,610,000 | 4,990,631,000 | |||
Total other liabilities | 109,815,000 | 138,336,000 | |||
Total liabilities | 842,379,000 | 844,455,000 | |||
Recurring | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 3,492,866,000 | 3,417,740,000 | |||
Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Loans held-for-sale | 0 | 0 | |||
Securities available for sale | 25,825,000 | 25,995,000 | |||
Total other assets | 32,640,000 | 29,979,000 | |||
Total assets | 58,465,000 | 55,974,000 | |||
Total other liabilities | 4,788,000 | 5,310,000 | |||
Total liabilities | 4,788,000 | 5,310,000 | |||
Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Loans held-for-sale | 0 | 0 | |||
Securities available for sale | 3,463,981,000 | 3,385,884,000 | |||
Total other assets | 109,931,000 | 156,948,000 | |||
Total assets | 4,702,473,000 | 4,686,691,000 | |||
Total other liabilities | 100,217,000 | 128,301,000 | |||
Total liabilities | 832,781,000 | 834,420,000 | |||
Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Loans held-for-sale | 26,525,000 | 232,487,000 | |||
Securities available for sale | 3,060,000 | 5,861,000 | |||
Total other assets | 2,158,000 | 3,197,000 | |||
Total assets | 36,672,000 | 247,966,000 | |||
Total other liabilities | 4,810,000 | 4,725,000 | |||
Total liabilities | 4,810,000 | 4,725,000 | |||
U.S. treasuries | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 100,000 | 39,999,000 | |||
U.S. treasuries | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
U.S. treasuries | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 100,000 | 39,999,000 | |||
U.S. treasuries | Level 3 | |||||
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") | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 830,640,000 | 762,842,000 | |||
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 1 | |||||
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") | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 830,640,000 | 762,842,000 | |||
Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 3 | |||||
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") | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 2,625,286,000 | 2,569,388,000 | |||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 1 | |||||
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") | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 2,625,286,000 | 2,569,388,000 | |||
Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
Other U.S. Government Agencies | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 1,560,000 | 2,061,000 | |||
Other U.S. Government Agencies | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
Other U.S. Government Agencies | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
Other U.S. Government Agencies | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 1,560,000 | 2,061,000 | |||
States And Municipalities | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 9,455,000 | 15,155,000 | |||
States And Municipalities | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
States And Municipalities | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 7,955,000 | 13,655,000 | |||
States And Municipalities | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 1,500,000 | 1,500,000 | |||
Venture Capital Investments | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 2,300,000 | ||||
Venture Capital Investments | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | ||||
Venture Capital Investments | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | ||||
Venture Capital Investments | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 2,300,000 | ||||
Equity, Mutual Funds, And Other | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 25,825,000 | 25,995,000 | |||
Equity, Mutual Funds, And Other | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 25,825,000 | 25,995,000 | |||
Equity, Mutual Funds, And Other | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
Equity, Mutual Funds, And Other | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Securities available for sale | 0 | 0 | |||
Mortgage servicing rights | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 2,158,000 | 3,197,000 | |||
Mortgage servicing rights | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | 0 | |||
Mortgage servicing rights | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | 0 | |||
Mortgage servicing rights | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 2,158,000 | 3,197,000 | |||
Deferred Compensation Assets | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 27,341,000 | 24,860,000 | |||
Deferred Compensation Assets | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 27,341,000 | 24,860,000 | |||
Deferred Compensation Assets | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | 0 | |||
Deferred Compensation Assets | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | 0 | |||
Derivatives, Forwards And Futures | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 5,299,000 | 5,119,000 | |||
Total other liabilities | 4,788,000 | 5,310,000 | |||
Derivatives, Forwards And Futures | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 5,299,000 | 5,119,000 | |||
Total other liabilities | 4,788,000 | 5,310,000 | |||
Derivatives, Forwards And Futures | Level 2 | |||||
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 | Level 3 | |||||
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 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 109,929,000 | 156,948,000 | |||
Total other liabilities | 100,191,000 | 128,297,000 | |||
Derivatives, Interest Rate Contracts | Level 1 | |||||
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 | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 109,929,000 | 156,948,000 | |||
Total other liabilities | 100,191,000 | 128,297,000 | |||
Derivatives, Interest Rate Contracts | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | 0 | |||
Total other liabilities | 0 | 0 | |||
Derivatives, Other | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 2,000 | ||||
Total other liabilities | 4,836,000 | 4,729,000 | |||
Derivatives, Other | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | ||||
Total other liabilities | 0 | 0 | |||
Derivatives, Other | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 2,000 | ||||
Total other liabilities | 26,000 | 4,000 | |||
Derivatives, Other | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Total other assets | 0 | ||||
Total other liabilities | 4,810,000 | 4,725,000 | |||
Fixed Income | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 1,128,566,000 | 1,143,864,000 | |||
Total trading liabilities - fixed income | 732,564,000 | 706,119,000 | |||
Fixed Income | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 1,128,561,000 | 1,143,859,000 | |||
Total trading liabilities - fixed income | 732,564,000 | 706,119,000 | |||
Fixed Income | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 5,000 | 5,000 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | U.S. treasuries | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 109,998,000 | 235,389,000 | |||
Total trading liabilities - fixed income | 406,879,000 | 479,210,000 | |||
Fixed Income | U.S. treasuries | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | U.S. treasuries | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 109,998,000 | 235,389,000 | |||
Total trading liabilities - fixed income | 406,879,000 | 479,210,000 | |||
Fixed Income | U.S. treasuries | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 327,082,000 | 195,911,000 | |||
Total trading liabilities - fixed income | 1,486,000 | 1,092,000 | |||
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 327,082,000 | 195,911,000 | |||
Total trading liabilities - fixed income | 1,486,000 | 1,092,000 | |||
Fixed Income | Government Agency Issued Mortgage-Backed Securities ("MBS") | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 146,675,000 | 175,799,000 | |||
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 146,675,000 | 175,799,000 | |||
Fixed Income | Government Agency Issued Collateralized Mortgage Obligations ("CMO") | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Fixed Income | Other U.S. Government Agencies | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 83,416,000 | 71,228,000 | |||
Total trading liabilities - fixed income | 25,036,000 | 11,167,000 | |||
Fixed Income | Other U.S. Government Agencies | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Other U.S. Government Agencies | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 83,416,000 | 71,228,000 | |||
Total trading liabilities - fixed income | 25,036,000 | 11,167,000 | |||
Fixed Income | Other U.S. Government Agencies | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | States And Municipalities | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 64,597,000 | 41,144,000 | |||
Total trading liabilities - fixed income | 3,216,000 | ||||
Fixed Income | States And Municipalities | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | ||||
Fixed Income | States And Municipalities | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 64,597,000 | 41,144,000 | |||
Total trading liabilities - fixed income | 3,216,000 | ||||
Fixed Income | States And Municipalities | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | ||||
Fixed Income | Corporate And Other Debt | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 393,196,000 | 402,353,000 | |||
Total trading liabilities - fixed income | 299,163,000 | 211,434,000 | |||
Fixed Income | Corporate And Other Debt | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Corporate And Other Debt | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 393,191,000 | 402,348,000 | |||
Total trading liabilities - fixed income | 299,163,000 | 211,434,000 | |||
Fixed Income | Corporate And Other Debt | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 5,000 | 5,000 | |||
Total trading liabilities - fixed income | 0 | 0 | |||
Fixed Income | Equity, Mutual Funds, And Other | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 3,602,000 | 22,040,000 | |||
Fixed Income | Equity, Mutual Funds, And Other | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Fixed Income | Equity, Mutual Funds, And Other | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 3,602,000 | 22,040,000 | |||
Fixed Income | Equity, Mutual Funds, And Other | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 4,924,000 | 6,416,000 | |||
Mortgage Banking | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 4,924,000 | 6,416,000 | |||
Mortgage Banking | Certificated Principal Only | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 3,740,000 | 4,707,000 | |||
Mortgage Banking | Certificated Principal Only | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Certificated Principal Only | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Certificated Principal Only | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 3,740,000 | 4,707,000 | |||
Mortgage Banking | Interest Only Trading Securities | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 78,000 | 322,000 | |||
Mortgage Banking | Interest Only Trading Securities | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Interest Only Trading Securities | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Interest Only Trading Securities | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 78,000 | 322,000 | |||
Mortgage Banking | Subordinated Bonds | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 1,106,000 | 1,387,000 | |||
Mortgage Banking | Subordinated Bonds | Level 1 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Subordinated Bonds | Level 2 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | 0 | 0 | |||
Mortgage Banking | Subordinated Bonds | Level 3 | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
Trading securities | $ 1,106,000 | $ 1,387,000 | |||
[1] | Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | ||||
[2] | Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . |
Fair Value Of Assets And Liab89
Fair Value Of Assets And Liabilities (Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||||
Trading Account Assets [Member] | |||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||
Beginning Balance | $ 5,326,000 | $ 6,593,000 | $ 5,643,000 | $ 7,200,000 | |||
Net income | 69,000 | 43,000 | 239,000 | (42,000) | |||
Other comprehensive income | 0 | 0 | 0 | 0 | |||
Purchases, assets | 0 | 0 | 0 | 1,559,000 | |||
Issuances, assets | 0 | 0 | 0 | 0 | |||
Sales, assets | 0 | 0 | 0 | (1,715,000) | |||
Settlements, assets | (466,000) | (215,000) | (953,000) | (581,000) | |||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | |||
Ending Balance | 4,929,000 | 6,421,000 | 4,929,000 | 6,421,000 | |||
Net unrealized gains/(losses) included in net income | [1] | 69,000 | (74,000) | 239,000 | 34,000 | ||
Loans Held For Sale [Member] | |||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||
Beginning Balance | 26,700,000 | 229,219,000 | 27,910,000 | 230,456,000 | |||
Net income | 248,000 | 8,214,000 | 1,390,000 | 9,401,000 | |||
Other comprehensive income | 0 | 0 | 0 | 0 | |||
Purchases, assets | 324,000 | 476,000 | 1,178,000 | 4,582,000 | |||
Issuances, assets | 0 | 0 | 0 | 0 | |||
Sales, assets | 0 | 0 | 0 | 0 | |||
Settlements, assets | (329,000) | (4,607,000) | (2,819,000) | (8,800,000) | |||
Net transfers into/(out of) Level 3, assets | [2] | (418,000) | (815,000) | (1,134,000) | (3,152,000) | ||
Ending Balance | 26,525,000 | 232,487,000 | 26,525,000 | 232,487,000 | |||
Net unrealized gains/(losses) included in net income | [1] | 248,000 | 8,214,000 | 1,390,000 | 9,401,000 | ||
Investment Portfolio [Member] | |||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||
Beginning Balance | 3,191,000 | 3,682,000 | 3,307,000 | 3,826,000 | |||
Net income | 0 | 0 | 0 | 0 | |||
Other comprehensive income | (14,000) | (15,000) | (28,000) | (32,000) | |||
Purchases, assets | 0 | 0 | 0 | 0 | |||
Issuances, assets | 0 | 0 | 0 | 0 | |||
Sales, assets | 0 | 0 | 0 | 0 | |||
Settlements, assets | (117,000) | (106,000) | (219,000) | (233,000) | |||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | |||
Ending Balance | 3,060,000 | 3,561,000 | 3,060,000 | 3,561,000 | |||
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 | 4,300,000 | 4,300,000 | |||||
Net income | (2,000,000) | (2,000,000) | |||||
Other comprehensive income | 0 | 0 | |||||
Purchases, assets | 0 | 0 | |||||
Issuances, assets | 0 | 0 | |||||
Sales, assets | 0 | 0 | |||||
Settlements, assets | 0 | 0 | |||||
Net transfers into/(out of) Level 3, assets | 0 | 0 | |||||
Ending Balance | 2,300,000 | 2,300,000 | |||||
Net unrealized gains/(losses) included in net income | [3] | (2,000,000) | (2,000,000) | ||||
Mortgage Servicing Rights Net [Member] | |||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||
Beginning Balance | 2,342,000 | 4,687,000 | 2,517,000 | 72,793,000 | |||
Net income | 0 | 113,000 | 0 | 1,246,000 | |||
Other comprehensive income | 0 | 0 | 0 | 0 | |||
Purchases, assets | 0 | 0 | 0 | 0 | |||
Issuances, assets | 0 | 0 | 0 | 0 | |||
Sales, assets | 0 | (1,400,000) | 0 | (69,919,000) | |||
Settlements, assets | (184,000) | (203,000) | (359,000) | (923,000) | |||
Net transfers into/(out of) Level 3, assets | 0 | 0 | 0 | 0 | |||
Ending Balance | 2,158,000 | 3,197,000 | 2,158,000 | 3,197,000 | |||
Net unrealized gains/(losses) included in net income | 0 | 77,000 | [1] | 0 | 150,000 | [1] | |
Net Derivative Liabilities [Member] | |||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||
Beginning Balance | (5,005,000) | (4,945,000) | (5,240,000) | (2,915,000) | |||
Net income | (107,000) | (101,000) | (164,000) | (2,442,000) | |||
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 | 302,000 | 321,000 | 594,000 | 632,000 | |||
Net transfers in/(out) level 3, liabilities | 0 | 0 | 0 | 0 | |||
Ending Balance | (4,810,000) | (4,725,000) | (4,810,000) | (4,725,000) | |||
Net unrealized gains/(losses) included in other expense | [4] | $ (107,000) | $ (101,000) | $ (164,000) | $ (2,442,000) | ||
[1] | Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income. | ||||||
[2] | 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). | ||||||
[3] | 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. | ||||||
[4] | Included in Other expense. |
Fair Value Of Assets And Liab90
Fair Value Of Assets And Liabilities (Nonrecurring Fair Value Measurements) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | ||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans held-for-sale | $ 26,525,000 | $ 232,487,000 | $ 26,525,000 | $ 232,487,000 | ||||
Loans, net of unearned income | 16,936,772,000 | [1] | 15,795,709,000 | 16,936,772,000 | [1] | 15,795,709,000 | $ 16,230,166,000 | |
Real estate acquired by foreclosure | 40,268,000 | [2] | 57,552,000 | 40,268,000 | [2] | 57,552,000 | $ 39,922,000 | |
Other assets | 144,729,000 | 190,124,000 | 144,729,000 | 190,124,000 | ||||
Net gains/(losses), Loans, net of unearned income | [3] | (641,000) | (469,000) | (2,182,000) | (677,000) | |||
Net gains/(losses), Real estate acquired by foreclosure | [4] | (1,284,000) | (533,000) | (1,660,000) | (1,391,000) | |||
Net gains/(losses), Other assets | [5] | (549,000) | (862,000) | (944,000) | (1,187,000) | |||
Gain (loss) on financial assets measured on non-recurring basis | (2,474,000) | (1,856,000) | (4,748,000) | (3,222,000) | ||||
Fair Value Measurements Nonrecurring [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans, net of unearned income | [3] | 38,913,000 | 53,652,000 | 38,913,000 | 53,652,000 | |||
Real estate acquired by foreclosure | [4] | 29,109,000 | 38,781,000 | 29,109,000 | 38,781,000 | |||
Other assets | [5] | 28,265,000 | 29,622,000 | 28,265,000 | 29,622,000 | |||
Fair Value Inputs Level2 [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans held-for-sale | 0 | 0 | 0 | 0 | ||||
Other assets | 109,931,000 | 156,948,000 | 109,931,000 | 156,948,000 | ||||
Fair Value Inputs Level2 [Member] | Fair Value Measurements Nonrecurring [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans, net of unearned income | [3] | 0 | 0 | 0 | 0 | |||
Real estate acquired by foreclosure | [4] | 0 | 0 | 0 | 0 | |||
Other assets | [5] | 0 | 0 | 0 | 0 | |||
Fair Value Inputs Level3 [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans held-for-sale | 26,525,000 | 232,487,000 | 26,525,000 | 232,487,000 | ||||
Other assets | 2,158,000 | 3,197,000 | 2,158,000 | 3,197,000 | ||||
Fair Value Inputs Level3 [Member] | Fair Value Measurements Nonrecurring [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans, net of unearned income | [3] | 38,913,000 | 53,652,000 | 38,913,000 | 53,652,000 | |||
Real estate acquired by foreclosure | [4] | 29,109,000 | 38,781,000 | 29,109,000 | 38,781,000 | |||
Other assets | [5] | 28,265,000 | 29,622,000 | 28,265,000 | 29,622,000 | |||
Fair Value Inputs Level1 [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans held-for-sale | 0 | 0 | 0 | 0 | ||||
Other assets | 32,640,000 | 29,979,000 | 32,640,000 | 29,979,000 | ||||
Fair Value Inputs Level1 [Member] | Fair Value Measurements Nonrecurring [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans, net of unearned income | [3] | 0 | 0 | 0 | 0 | |||
Real estate acquired by foreclosure | [4] | 0 | 0 | 0 | 0 | |||
Other assets | [5] | 0 | 0 | 0 | 0 | |||
First Mortgage [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Net gains/(losses), Loans held for sale | 0 | 7,000 | 38,000 | (10,000) | ||||
First Mortgage [Member] | Fair Value Measurements Nonrecurring [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans held-for-sale | 849,000 | 9,004,000 | 849,000 | 9,004,000 | ||||
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 | 849,000 | 9,004,000 | 849,000 | 9,004,000 | ||||
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 | 1,000 | 43,000 | ||||||
Small Business Administrations [Member] | Fair Value Measurements Nonrecurring [Member] | ||||||||
Fair Value Of Assets And Liabilities [Line Items] | ||||||||
Loans held-for-sale | 3,471,000 | 3,471,000 | ||||||
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 | 3,471,000 | 3,471,000 | ||||||
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] | June 30, 2015 includes $28.3 million of held-to-maturity consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||||
[2] | June 30, 2015 includes $18.7 million of foreclosed residential real estate. | |||||||
[3] | Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision. | |||||||
[4] | Represents the fair value an d related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages. | |||||||
[5] | Represents tax credit investments accounted for u nder the equity method . |
Fair Value Of Assets And Liab91
Fair Value Of Assets And Liabilities (Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements) (Details) - USD ($) | 6 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Fair value of retained interests | $ 1,133,490,000 | $ 1,150,280,000 | $ 1,194,391,000 | ||
Loans held-for-sale | 26,525,000 | 232,487,000 | |||
Other Liabilities, Fair Value Disclosure | 109,815,000 | 138,336,000 | |||
Real estate acquired by foreclosure | 40,268,000 | [1] | 57,552,000 | $ 39,922,000 | |
Other assets | 144,729,000 | 190,124,000 | |||
Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Fair value of retained interests | 4,924,000 | 6,416,000 | |||
Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Real estate acquired by foreclosure | 18,700,000 | ||||
Non Recurring | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Real estate acquired by foreclosure | [2] | 29,109,000 | 38,781,000 | ||
Other assets | [3] | 28,265,000 | 29,622,000 | ||
Non Recurring | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loans held-for-sale | 849,000 | 9,004,000 | |||
Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Other Liabilities, Fair Value Disclosure | 4,836,000 | 4,729,000 | |||
Other assets | 2,000 | ||||
Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loans held-for-sale | 26,525,000 | 232,487,000 | |||
Other Liabilities, Fair Value Disclosure | 4,810,000 | 4,725,000 | |||
Other assets | 2,158,000 | 3,197,000 | |||
Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Fair value of retained interests | 4,924,000 | 6,416,000 | |||
Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loans held-for-sale | 27,374,000 | 241,491,000 | |||
Level 3 | Non Recurring | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loans, net of unearned income | [4] | 38,913,000 | 53,652,000 | ||
Real estate acquired by foreclosure | [2] | 29,109,000 | 38,781,000 | ||
Other assets | [3] | 28,265,000 | 29,622,000 | ||
Level 3 | Non Recurring | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loans held-for-sale | 849,000 | 9,004,000 | |||
Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Other Liabilities, Fair Value Disclosure | 4,810,000 | 4,725,000 | |||
Other assets | 0 | ||||
Other Assets | Level 3 | Non Recurring | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Other assets | [5] | $ 28,265,000 | $ 29,622,000 | ||
Discounted Cash Flow | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Discounted cash flow | Discounted cash flow | |||
Discounted Cash Flow | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Discounted cash flow | Discounted cash flow | |||
Discounted Cash Flow | Derivative Liabilities, Other | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Discounted cash flow | Discounted cash flow | |||
Discounted Cash Flow | Other Assets | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Discounted cash flow | Discounted cash flow | |||
Appraisals From Comparable Properties | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Appraisals from comparable properties | Appraisals from comparable properties | |||
Appraisals From Comparable Properties | Real Estate Acquired By Foreclosure | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Appraisals from comparable properties | Appraisals from comparable properties | |||
Appraisals From Comparable Properties | Other Assets | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Appraisals from comparable properties | Appraisals from comparable properties | |||
Other Collateral Valuations | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Valuation Techniques | Other collateral valuations | Other collateral valuations | |||
Maximum | Discounted Cash Flow | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Visa covered litigation resolution amount | $ 5,500,000,000 | $ 5,200,000,000 | |||
Maximum | Discounted Cash Flow | 42% - 43% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 43.00% | ||||
Maximum | Discounted Cash Flow | 43% - 47% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 47.00% | ||||
Maximum | Discounted Cash Flow | 5% - 56% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Discount rate | 56.00% | ||||
Maximum | Discounted Cash Flow | 40% - 85% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Discount rate | 85.00% | ||||
Maximum | Discounted Cash Flow | 2% - 20% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 20.00% | ||||
Maximum | Discounted Cash Flow | 6% - 10% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 10.00% | ||||
Maximum | Discounted Cash Flow | 5% - 15% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 15.00% | 15.00% | |||
Maximum | Discounted Cash Flow | 50% - 60% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Foreclosure losses | 60.00% | ||||
Maximum | Discounted Cash Flow | 2% - 4% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Credit spreads | 4.00% | ||||
Maximum | Discounted Cash Flow | 15% - 25% Added to Credit Spread | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Delinquency adjustment factor | 25.00% | ||||
Maximum | Discounted Cash Flow | 10% - 70% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 70.00% | ||||
Maximum | Discounted Cash Flow | 50% - 60% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 60.00% | ||||
Maximum | Discounted Cash Flow | 35% - 100% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 100.00% | ||||
Maximum | Discounted Cash Flow | 50% - 100% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 100.00% | ||||
Maximum | Discounted Cash Flow | 5% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Draw rate | 12.00% | 12.00% | |||
Maximum | Discounted Cash Flow | 5% - 25% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Probability of resolution scenarios | 25.00% | ||||
Maximum | Discounted Cash Flow | 10% - 30% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Probability of resolution scenarios | 30.00% | ||||
Maximum | Discounted Cash Flow | 6 Months To 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Time until resolution | 42 months | ||||
Maximum | Discounted Cash Flow | 12 Months to 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Time until resolution | 42 months | ||||
Maximum | Discounted Cash Flow | 0% - 15% Adjustment to Yield | Other Assets | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Adjustments to current sales yields for specific properties | 15.00% | 15.00% | |||
Maximum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Marketability adjustments for specific properties | 10.00% | 10.00% | |||
Maximum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Real Estate Acquired By Foreclosure | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Adjustment for value changes since appraisal | 10.00% | 10.00% | |||
Maximum | Appraisals From Comparable Properties | 0% - 25% Of Appraisal | Other Assets | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Marketability adjustments for specific properties | 25.00% | 25.00% | |||
Maximum | Other Collateral Valuations | 20% - 50% Of Gross Value | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Borrowing base certificates adjustment | 50.00% | 50.00% | |||
Maximum | Other Collateral Valuations | 0% - 25% Of Reported Value | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Financial statements/auction values adjustment | 25.00% | 25.00% | |||
Minimum | Discounted Cash Flow | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Visa covered litigation resolution amount | $ 4,500,000,000 | $ 4,400,000,000 | |||
Minimum | Discounted Cash Flow | 42% - 43% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 42.00% | ||||
Minimum | Discounted Cash Flow | 43% - 47% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 43.00% | ||||
Minimum | Discounted Cash Flow | 5% - 56% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Discount rate | 5.00% | ||||
Minimum | Discounted Cash Flow | 40% - 85% Values Utilized | Trading Securities | Level 3 | Mortgage Banking | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Discount rate | 40.00% | ||||
Minimum | Discounted Cash Flow | 2% - 20% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 2.00% | ||||
Minimum | Discounted Cash Flow | 6% - 10% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 6.00% | ||||
Minimum | Discounted Cash Flow | 5% - 15% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Prepayment Speeds | 5.00% | 5.00% | |||
Minimum | Discounted Cash Flow | 50% - 60% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Foreclosure losses | 50.00% | ||||
Minimum | Discounted Cash Flow | 2% - 4% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Credit spreads | 2.00% | ||||
Minimum | Discounted Cash Flow | 15% - 25% Added to Credit Spread | Loans Held-For-Sale | Level 3 | Residential Real Estate | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Delinquency adjustment factor | 15.00% | ||||
Minimum | Discounted Cash Flow | 10% - 70% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 10.00% | ||||
Minimum | Discounted Cash Flow | 50% - 60% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | First Mortgages | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 50.00% | ||||
Minimum | Discounted Cash Flow | 35% - 100% Of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 35.00% | ||||
Minimum | Discounted Cash Flow | 50% - 100% of UPB | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Loss severity trends | 50.00% | ||||
Minimum | Discounted Cash Flow | 5% - 12% Values Utilized | Loans Held-For-Sale | Level 3 | Residential Real Estate | Home Equity | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Draw rate | 5.00% | 5.00% | |||
Minimum | Discounted Cash Flow | 5% - 25% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Probability of resolution scenarios | 5.00% | ||||
Minimum | Discounted Cash Flow | 10% - 30% Values Utilized | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Probability of resolution scenarios | 10.00% | ||||
Minimum | Discounted Cash Flow | 6 Months To 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Time until resolution | 6 months | ||||
Minimum | Discounted Cash Flow | 12 Months to 42 Months | Derivative Liabilities, Other | Level 3 | Derivatives, Other | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Time until resolution | 12 months | ||||
Minimum | Discounted Cash Flow | 0% - 15% Adjustment to Yield | Other Assets | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Adjustments to current sales yields for specific properties | 0.00% | 0.00% | |||
Minimum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Marketability adjustments for specific properties | 0.00% | 0.00% | |||
Minimum | Appraisals From Comparable Properties | 0% - 10% of Appraisal | Real Estate Acquired By Foreclosure | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Adjustment for value changes since appraisal | 0.00% | 0.00% | |||
Minimum | Appraisals From Comparable Properties | 0% - 25% Of Appraisal | Other Assets | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Marketability adjustments for specific properties | 0.00% | 0.00% | |||
Minimum | Other Collateral Valuations | 20% - 50% Of Gross Value | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Borrowing base certificates adjustment | 20.00% | 20.00% | |||
Minimum | Other Collateral Valuations | 0% - 25% Of Reported Value | Loans, Net Of Unearned Income | Level 3 | |||||
Fair Value Inputs Assets Quantitative Information [Line Items] | |||||
Financial statements/auction values adjustment | 0.00% | 0.00% | |||
[1] | June 30, 2015 includes $18.7 million of foreclosed residential real estate. | ||||
[2] | Represents the fair value an d related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages. | ||||
[3] | Represents tax credit investments accounted for u nder the equity method . | ||||
[4] | Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for loan losses . | ||||
[5] | Represents tax credit investments accounted for under the equity method . |
Fair Value Of Assets And Liab92
Fair Value Of Assets And Liabilities (Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount) (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Jun. 30, 2014 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Loans held-for-sale | $ 26,525 | $ 232,487 |
Aggregate Unpaid Principal | Loans Held-For-Sale Reported At Fair Value | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Loans held-for-sale | 40,577 | 367,173 |
Nonaccrual loans | 12,316 | 134,014 |
Loans 90 days or more past due and still accruing | 2,056 | 13,504 |
Fair Value Carrying Amount Less Aggregate Unpaid Principal | Loans Held-For-Sale Reported At Fair Value | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Loans held-for-sale | (14,052) | (134,686) |
Nonaccrual loans | (6,078) | (64,443) |
Loans 90 days or more past due and still accruing | (434) | (6,213) |
Fair Value Carrying Amount | Loans Held-For-Sale Reported At Fair Value | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Loans held-for-sale | 26,525 | 232,487 |
Nonaccrual loans | 6,238 | 69,571 |
Loans 90 days or more past due and still accruing | $ 1,622 | $ 7,291 |
Fair Value Of Assets And Liab93
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 ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Mortgage Banking Noninterest Income | Loans Held-For-Sale | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Changes in fair value included in net income | $ 248 | $ 8,214 | $ 1,390 | $ 9,401 |
Fair Value Of Assets And Liab94
Fair Value Of Assets And Liabilities (Summary Of Book Value And Estimated Fair Value Of Financial Instruments) (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | $ 16,715,421,000 | $ 15,997,718,000 | $ 15,552,081,000 | |||
Short Term Financial Assets: | ||||||
Total interest-bearing cash | 344,944,000 | 1,621,967,000 | 255,920,000 | |||
Total federal funds sold | 77,039,000 | 63,080,000 | 51,537,000 | |||
Securities purchased under agreements to resell | 816,991,000 | 659,154,000 | 624,477,000 | |||
Trading securities | 1,133,490,000 | 1,194,391,000 | 1,150,280,000 | |||
Loans held-for-sale | 127,196,000 | [1] | 141,285,000 | 358,945,000 | ||
Securities available for sale | 3,648,860,000 | [2] | 3,556,613,000 | 3,576,542,000 | [3] | |
Securities held-to-maturity | 4,306,000 | 4,292,000 | 4,279,000 | |||
Derivative assets | 115,230,000 | 134,088,000 | 162,067,000 | |||
Other assets | ||||||
Total other assets | 144,729,000 | 190,124,000 | ||||
Non Earning Assets [Abstract] | ||||||
Cash and due from banks | 274,256,000 | 349,171,000 | 417,108,000 | |||
Fixed income receivables | 91,069,000 | 42,488,000 | 174,224,000 | |||
Total assets | 25,239,767,000 | 25,668,187,000 | 24,218,345,000 | |||
Deposits: | ||||||
Total deposits | 18,674,473,000 | 18,068,939,000 | 16,157,487,000 | |||
Trading liabilities | 732,564,000 | 594,314,000 | 706,119,000 | |||
Short Term Financial Liabilities | ||||||
Federal funds purchased | 556,862,000 | 1,037,052,000 | 947,946,000 | |||
Securities sold under agreements to repurchase | 311,760,000 | 562,214,000 | 475,530,000 | |||
Other short-term borrowings | 150,350,000 | 157,218,000 | 1,073,250,000 | |||
Term Borrowings | ||||||
Total long term borrowings | 1,557,647,000 | 1,880,105,000 | 1,501,209,000 | |||
Derivative liabilities | 109,815,000 | 119,239,000 | 138,336,000 | |||
Other noninterest-bearing liabilities | ||||||
Fixed income payables | 54,301,000 | 18,157,000 | 95,299,000 | |||
Total liabilities | 22,721,862,000 | $ 23,086,597,000 | 21,603,070,000 | |||
Carrying Reported Amount Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 16,715,421,000 | 15,552,081,000 | ||||
Short Term Financial Assets: | ||||||
Total interest-bearing cash | 344,944,000 | 255,920,000 | ||||
Total federal funds sold | 77,039,000 | 51,537,000 | ||||
Securities purchased under agreements to resell | 816,991,000 | 624,477,000 | ||||
Total short-term financial assets | 1,238,974,000 | 931,934,000 | ||||
Trading securities | [4] | 1,133,490,000 | 1,150,280,000 | |||
Loans held-for-sale | [4] | 127,196,000 | 358,945,000 | |||
Securities available for sale | [4] | 3,648,860,000 | [5] | 3,576,542,000 | [6] | |
Securities held-to-maturity | 4,306,000 | 4,279,000 | ||||
Derivative assets | [4] | 115,230,000 | 162,067,000 | |||
Other assets | ||||||
Tax credit investments | 90,095,000 | 82,493,000 | ||||
Deferred compensation assets | 27,341,000 | 24,860,000 | ||||
Total other assets | 117,436,000 | 107,353,000 | ||||
Non Earning Assets [Abstract] | ||||||
Cash and due from banks | 274,256,000 | 417,108,000 | ||||
Fixed income receivables | 91,069,000 | 174,224,000 | ||||
Accrued interest receivable | 57,346,000 | 67,132,000 | ||||
Total nonearning assets | 422,671,000 | 658,464,000 | ||||
Total assets | 23,523,584,000 | 22,501,945,000 | ||||
Deposits: | ||||||
Defined maturity | 1,169,153,000 | 1,312,419,000 | ||||
Undefined maturity | 17,505,320,000 | 14,845,068,000 | ||||
Total deposits | 18,674,473,000 | 16,157,487,000 | ||||
Trading liabilities | [4] | 732,564,000 | 706,119,000 | |||
Short Term Financial Liabilities | ||||||
Federal funds purchased | 556,862,000 | 947,946,000 | ||||
Securities sold under agreements to repurchase | 311,760,000 | 475,530,000 | ||||
Other short-term borrowings | 150,350,000 | 1,073,250,000 | ||||
Total short-term financial liabilities | 1,018,972,000 | 2,496,726,000 | ||||
Term Borrowings | ||||||
Real estate investment trust-preferred | 45,930,000 | 45,862,000 | ||||
Term borrowings - new market tax credit investment | 18,000,000 | 18,000,000 | ||||
Borrowings secured by residential real estate | 55,679,000 | 74,103,000 | ||||
Other long term borrowings | 1,438,038,000 | 1,363,244,000 | ||||
Total long term borrowings | 1,557,647,000 | 1,501,209,000 | ||||
Derivative liabilities | [4] | 109,815,000 | 138,336,000 | |||
Other noninterest-bearing liabilities | ||||||
Fixed income payables | 54,301,000 | 95,299,000 | ||||
Accrued interest payable | 16,382,000 | 23,218,000 | ||||
Total other noninterest-bearing liabilities | 70,683,000 | 118,517,000 | ||||
Total liabilities | 22,164,154,000 | 21,118,394,000 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 9,753,813,000 | 8,334,245,000 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 1,379,223,000 | 1,215,692,000 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 4,784,814,000 | 5,100,893,000 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 465,302,000 | 570,274,000 | ||||
Carrying Reported Amount Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 332,269,000 | 330,977,000 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 16,484,701,000 | 15,069,802,000 | ||||
Short Term Financial Assets: | ||||||
Total interest-bearing cash | 344,944,000 | 255,920,000 | ||||
Total federal funds sold | 77,039,000 | 51,537,000 | ||||
Securities purchased under agreements to resell | 816,991,000 | 624,477,000 | ||||
Total short-term financial assets | 1,238,974,000 | 931,934,000 | ||||
Trading securities | [4] | 1,133,490,000 | 1,150,280,000 | |||
Loans held-for-sale | [4] | 127,196,000 | 358,945,000 | |||
Securities available for sale | [4] | 3,648,860,000 | [5] | 3,576,542,000 | [6] | |
Securities held-to-maturity | 5,356,000 | 5,556,000 | ||||
Derivative assets | [4] | 115,230,000 | 162,067,000 | |||
Other assets | ||||||
Tax credit investments | 60,619,000 | 70,306,000 | ||||
Deferred compensation assets | 27,341,000 | 24,860,000 | ||||
Total other assets | 87,960,000 | 95,166,000 | ||||
Non Earning Assets [Abstract] | ||||||
Cash and due from banks | 274,256,000 | 417,108,000 | ||||
Fixed income receivables | 91,069,000 | 174,224,000 | ||||
Accrued interest receivable | 57,346,000 | 67,132,000 | ||||
Total nonearning assets | 422,671,000 | 658,464,000 | ||||
Total assets | 23,264,438,000 | 22,008,756,000 | ||||
Deposits: | ||||||
Defined maturity | 1,173,899,000 | 1,319,686,000 | ||||
Undefined maturity | 17,505,320,000 | 14,845,068,000 | ||||
Total deposits | 18,679,219,000 | 16,164,754,000 | ||||
Trading liabilities | [4] | 732,564,000 | 706,119,000 | |||
Short Term Financial Liabilities | ||||||
Federal funds purchased | 556,862,000 | 947,946,000 | ||||
Securities sold under agreements to repurchase | 311,760,000 | 475,530,000 | ||||
Other short-term borrowings | 150,350,000 | 1,073,250,000 | ||||
Total short-term financial liabilities | 1,018,972,000 | 2,496,726,000 | ||||
Term Borrowings | ||||||
Real estate investment trust-preferred | 49,350,000 | 49,350,000 | ||||
Term borrowings - new market tax credit investment | 17,983,000 | 17,940,000 | ||||
Borrowings secured by residential real estate | 48,051,000 | 63,951,000 | ||||
Other long term borrowings | 1,411,226,000 | 1,357,728,000 | ||||
Total long term borrowings | 1,526,610,000 | 1,488,969,000 | ||||
Derivative liabilities | [4] | 109,815,000 | 138,336,000 | |||
Other noninterest-bearing liabilities | ||||||
Fixed income payables | 54,301,000 | 95,299,000 | ||||
Accrued interest payable | 16,382,000 | 23,218,000 | ||||
Total other noninterest-bearing liabilities | 70,683,000 | 118,517,000 | ||||
Total liabilities | 22,137,863,000 | 21,113,421,000 | ||||
Loan commitments | 2,761,000 | 2,079,000 | ||||
Standby and other commitments | 4,846,000 | 5,150,000 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 9,716,906,000 | 8,244,011,000 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 1,362,420,000 | 1,168,748,000 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 4,637,309,000 | 4,810,173,000 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 434,145,000 | 513,946,000 | ||||
Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 333,921,000 | 332,924,000 | ||||
Contractual Amount [Member] | ||||||
Other noninterest-bearing liabilities | ||||||
Loan commitments | 7,507,315,000 | 7,227,433,000 | ||||
Standby and other commitments | 304,860,000 | 307,543,000 | ||||
Fair Value Inputs Level1 [Member] | ||||||
Short Term Financial Assets: | ||||||
Securities available for sale | 25,825,000 | 25,995,000 | ||||
Other assets | ||||||
Total other assets | 32,640,000 | 29,979,000 | ||||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 0 | 0 | ||||
Short Term Financial Assets: | ||||||
Total interest-bearing cash | 344,944,000 | 255,920,000 | ||||
Total federal funds sold | 0 | 0 | ||||
Securities purchased under agreements to resell | 0 | 0 | ||||
Total short-term financial assets | 344,944,000 | 255,920,000 | ||||
Trading securities | [4] | 0 | 0 | |||
Loans held-for-sale | [4] | 0 | 0 | |||
Securities available for sale | [4] | 25,825,000 | [5] | 25,995,000 | [6] | |
Securities held-to-maturity | 0 | 0 | ||||
Derivative assets | [4] | 5,299,000 | 5,119,000 | |||
Other assets | ||||||
Tax credit investments | 0 | 0 | ||||
Deferred compensation assets | 27,341,000 | 24,860,000 | ||||
Total other assets | 27,341,000 | 24,860,000 | ||||
Non Earning Assets [Abstract] | ||||||
Cash and due from banks | 274,256,000 | 417,108,000 | ||||
Fixed income receivables | 0 | 0 | ||||
Accrued interest receivable | 0 | 0 | ||||
Total nonearning assets | 274,256,000 | 417,108,000 | ||||
Total assets | 677,665,000 | 729,002,000 | ||||
Deposits: | ||||||
Defined maturity | 0 | 0 | ||||
Undefined maturity | 0 | 0 | ||||
Total deposits | 0 | 0 | ||||
Trading liabilities | [4] | 0 | 0 | |||
Short Term Financial Liabilities | ||||||
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 | ||||
Term Borrowings | ||||||
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 long term borrowings | 0 | 0 | ||||
Derivative liabilities | [4] | 4,788,000 | 5,310,000 | |||
Other noninterest-bearing liabilities | ||||||
Fixed income payables | 0 | 0 | ||||
Accrued interest payable | 0 | 0 | ||||
Total other noninterest-bearing liabilities | 0 | 0 | ||||
Total liabilities | 4,788,000 | 5,310,000 | ||||
Fair Value Inputs Level1 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 0 | 0 | ||||
Fair Value Inputs Level2 [Member] | ||||||
Short Term Financial Assets: | ||||||
Securities available for sale | 3,463,981,000 | 3,385,884,000 | ||||
Other assets | ||||||
Total other assets | 109,931,000 | 156,948,000 | ||||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 0 | 0 | ||||
Short Term Financial Assets: | ||||||
Total interest-bearing cash | 0 | 0 | ||||
Total federal funds sold | 77,039,000 | 51,537,000 | ||||
Securities purchased under agreements to resell | 816,991,000 | 624,477,000 | ||||
Total short-term financial assets | 894,030,000 | 676,014,000 | ||||
Trading securities | [4] | 1,128,561,000 | 1,143,859,000 | |||
Loans held-for-sale | [4] | 0 | 3,471,000 | |||
Securities available for sale | [4] | 3,463,981,000 | [5] | 3,385,884,000 | [6] | |
Securities held-to-maturity | 0 | 0 | ||||
Derivative assets | [4] | 109,931,000 | 156,948,000 | |||
Other assets | ||||||
Tax credit investments | 0 | 0 | ||||
Deferred compensation assets | 0 | 0 | ||||
Total other assets | 0 | 0 | ||||
Non Earning Assets [Abstract] | ||||||
Cash and due from banks | 0 | 0 | ||||
Fixed income receivables | 91,069,000 | 174,224,000 | ||||
Accrued interest receivable | 57,346,000 | 67,132,000 | ||||
Total nonearning assets | 148,415,000 | 241,356,000 | ||||
Total assets | 5,744,918,000 | 5,607,532,000 | ||||
Deposits: | ||||||
Defined maturity | 1,173,899,000 | 1,319,686,000 | ||||
Undefined maturity | 17,505,320,000 | 14,845,068,000 | ||||
Total deposits | 18,679,219,000 | 16,164,754,000 | ||||
Trading liabilities | [4] | 732,564,000 | 706,119,000 | |||
Short Term Financial Liabilities | ||||||
Federal funds purchased | 556,862,000 | 947,946,000 | ||||
Securities sold under agreements to repurchase | 311,760,000 | 475,530,000 | ||||
Other short-term borrowings | 150,350,000 | 1,073,250,000 | ||||
Total short-term financial liabilities | 1,018,972,000 | 2,496,726,000 | ||||
Term Borrowings | ||||||
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 | 1,411,226,000 | 1,357,728,000 | ||||
Total long term borrowings | 1,411,226,000 | 1,357,728,000 | ||||
Derivative liabilities | [4] | 100,217,000 | 128,301,000 | |||
Other noninterest-bearing liabilities | ||||||
Fixed income payables | 54,301,000 | 95,299,000 | ||||
Accrued interest payable | 16,382,000 | 23,218,000 | ||||
Total other noninterest-bearing liabilities | 70,683,000 | 118,517,000 | ||||
Total liabilities | 22,012,881,000 | 20,972,145,000 | ||||
Fair Value Inputs Level2 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
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] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 0 | 0 | ||||
Fair Value Inputs Level3 [Member] | ||||||
Short Term Financial Assets: | ||||||
Securities available for sale | 3,060,000 | 5,861,000 | ||||
Other assets | ||||||
Total other assets | 2,158,000 | 3,197,000 | ||||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 16,484,701,000 | 15,069,802,000 | ||||
Short Term Financial Assets: | ||||||
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 | [4] | 4,929,000 | 6,421,000 | |||
Loans held-for-sale | [4] | 127,196,000 | 355,474,000 | |||
Securities available for sale | [4] | 159,054,000 | [5] | 164,663,000 | [6] | |
Securities held-to-maturity | 5,356,000 | 5,556,000 | ||||
Derivative assets | [4] | 0 | 0 | |||
Other assets | ||||||
Tax credit investments | 60,619,000 | 70,306,000 | ||||
Deferred compensation assets | 0 | 0 | ||||
Total other assets | 60,619,000 | 70,306,000 | ||||
Non Earning Assets [Abstract] | ||||||
Cash and due from banks | 0 | 0 | ||||
Fixed income receivables | 0 | 0 | ||||
Accrued interest receivable | 0 | 0 | ||||
Total nonearning assets | 0 | 0 | ||||
Total assets | 16,841,855,000 | 15,672,222,000 | ||||
Deposits: | ||||||
Defined maturity | 0 | 0 | ||||
Undefined maturity | 0 | 0 | ||||
Total deposits | 0 | 0 | ||||
Trading liabilities | [4] | 0 | 0 | |||
Short Term Financial Liabilities | ||||||
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 | ||||
Term Borrowings | ||||||
Real estate investment trust-preferred | 49,350,000 | 49,350,000 | ||||
Term borrowings - new market tax credit investment | 17,983,000 | 17,940,000 | ||||
Borrowings secured by residential real estate | 48,051,000 | 63,951,000 | ||||
Other long term borrowings | 0 | 0 | ||||
Total long term borrowings | 115,384,000 | 131,241,000 | ||||
Derivative liabilities | [4] | 4,810,000 | 4,725,000 | |||
Other noninterest-bearing liabilities | ||||||
Fixed income payables | 0 | 0 | ||||
Accrued interest payable | 0 | 0 | ||||
Total other noninterest-bearing liabilities | 0 | 0 | ||||
Total liabilities | 120,194,000 | 135,966,000 | ||||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Financial And Industrial Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 9,716,906,000 | 8,244,011,000 | ||||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 1,362,420,000 | 1,168,748,000 | ||||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 4,637,309,000 | 4,810,173,000 | ||||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Permanent Mortgage Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 434,145,000 | 513,946,000 | ||||
Fair Value Inputs Level3 [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Credit Card And Other Portfolio Segment [Member] | ||||||
Assets: | ||||||
Total loans, net of unearned income and allowance for loan losses | 333,921,000 | 332,924,000 | ||||
FHLB-Cincinnati Stock [Member] | Fair Value Inputs Level3 [Member] | ||||||
Other noninterest-bearing liabilities | ||||||
Restricted Investments | 87,900,000 | 87,900,000 | ||||
FRB Stock [Member] | Fair Value Inputs Level3 [Member] | ||||||
Other noninterest-bearing liabilities | ||||||
Restricted Investments | $ 65,800,000 | $ 66,000,000 | ||||
[1] | June 30, 2015 includes $20.2 million of held-for-sale consumer mortgage loans secured by residential real estate in process of foreclosure. | |||||
[2] | Includes $ 3.2 billion of securities pledged to secure public deposits, securities sold under agreements to repurchase, and for other purposes. | |||||
[3] | Includes $ 3.4 billion of securities pledged to secure public deposits, securities sold under agreements to repu rchase, and for other purposes . | |||||
[4] | Classes are detailed in the recurring and nonrecurring measurement tables. | |||||
[5] | Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 6 5 . 8 million. | |||||
[6] | Level 3 includes restricted investments in FHLB-Cincinnati stock of $ 87.9 million and FRB stock of $ 66.0 million. |