Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Financial Instruments [Abstract]

Fair value of derivative instruments

The following tables disclose the fair value of derivative instruments in Trustmark's balance sheets as well as the effect of these derivative instruments on Trustmark's results of operations for the periods presented ($ in thousands):

	June 30,			December 31,
	2011			2010
Derivatives in hedging relationships
Interest rate contracts:
Forward contracts included in other liabilities	$	131		$	(3,143	)
Derivatives not designated as hedging instruments
Interest rate contracts:
Futures contracts included in other assets	$	388		$	(2,897	)
Exchange traded purchased options included in other assets		196			313
OTC written options (rate locks) included in other assets		(156	)		337
Interest rate swaps included in other assets		353			-
Exchange traded written options included in other liabilities		1,389			1,562
Interest rate swaps included in other liabilities		368			-

Effects of derivative instruments on statements of operations

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Derivatives in hedging relationships
Amount of loss recognized in mortgage banking, net	$	(22	)	$	(3,612	)	$	(3,275	)	$	(5,457	)
Derivatives not designated as hedging instruments
Amount of gain recognized in mortgage banking, net	$	6,535		$	13,452		$	6,154		$	17,792
Amount of gain recognized in bankcard and other fees		76			-			166			-