Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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):

	September 30,		December 31,
	2011		2010
Derivatives in hedging relationships
Interest rate contracts:
Forward contracts included in other liabilities	$	3,702	$	(3,143	)
Derivatives not designated as hedging instruments
Interest rate contracts:
Futures contracts included in other assets	$	246	$	(2,897	)
Exchange traded purchased options included in other assets		213		313
OTC written options (rate locks) included in other assets		1,529		337
Interest rate swaps included in other assets		1,073		-
Exchange traded written options included in other liabilities		658		1,562
Interest rate swaps included in other liabilities		1,111		-

Effects of derivative instruments on statements of operations

	Three Months Ended September 30,					Nine Months Ended September 30,
	2011			2010		2011			2010
Derivatives in hedging relationships
Amount of (loss) gain recognized in mortgage banking, net	$	(3,570	)	$	2,077	$	(6,845	)	$	(3,380	)
Derivatives not designated as hedging instruments
Amount of gain recognized in mortgage banking, net	$	12,092		$	5,986	$	18,246		$	23,778
Amount of loss recognized in bankcard and other fees		(23	)		-		(38	)		-