XML 22 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans held for Investment (LHFI) and Allowance for Loan Losses, excluding Covered Loans (Tables)
 12 Months Ended
Dec. 31, 2011
Loans Held for Investment (LHFI) and Allowance for Loan Losses, Excluding Covered Loans [Abstract]  
Loan Portfolio Held For Investment
At December 31, 2011 and 2010, LHFI, excluding covered loans, consisted of the following ($ in thousands):

   
2011
  
2010
 
Loans secured by real estate:
      
Construction, land development and other land loans
 $474,082  $583,316 
Secured by 1-4 family residential properties
  1,760,930   1,732,056 
Secured by nonfarm, nonresidential properties
  1,425,774   1,498,108 
Other
  204,849   231,963 
Commercial and industrial loans
  1,139,365   1,068,369 
Consumer loans
  243,756   402,165 
Other loans
  608,728   544,265 
LHFI, excluding covered loans
  5,857,484   6,060,242 
Less allowance for loan losses
  89,518   93,510 
Net LHFI, excluding covered loans
 $5,767,966  $5,966,732 
 
The following table details LHFI, excluding covered loans, individually and collectively evaluated for impairment at December 31, 2011 and 2010 ($ in thousands):
 
   
December 31, 2011
 
   
LHFI Evaluated for Impairment
 
   
Individually
  
Collectively
  
Total
 
           
Loans secured by real estate:
         
Construction, land development and other land loans
 $40,413  $433,669  $474,082 
Secured by 1-4 family residential properties
  24,348   1,736,582   1,760,930 
Secured by nonfarm, nonresidential properties
  23,981   1,401,793   1,425,774 
Other
  5,871   198,978   204,849 
Commercial and industrial loans
  14,148   1,125,217   1,139,365 
Consumer loans
  825   242,931   243,756 
Other loans
  872   607,856   608,728 
Total
 $110,458  $5,747,026  $5,857,484 

   
December 31, 2010
 
   
LHFI Evaluated for Impairment
 
   
Individually
  
Collectively
  
Total
 
           
Loans secured by real estate:
         
Construction, land development and other land loans
 $57,831  $525,485  $583,316 
Secured by 1-4 family residential properties
  30,313   1,701,743   1,732,056 
Secured by nonfarm, nonresidential properties
  29,013   1,469,095   1,498,108 
Other
  6,154   225,809   231,963 
Commercial and industrial loans
  16,107   1,052,262   1,068,369 
Consumer loans
  2,112   400,053   402,165 
Other loans
  1,393   542,872   544,265 
Total
 $142,923  $5,917,319  $6,060,242 
 
Troubled Debt Restructuring Related To Loans Held for Investment, Excluding Covered Loans, by Loan Type
The following table illustrates the impact of modifications classified as TDRs for the year ended December 31, 2011 as well as those TDRs modified within 2011 for which there was a payment default during the year ($ in thousands):

   
Year Ended December 31, 2011
 
Troubled Debt Restructurings
 
Number of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
 
Construction, land development and other land loans
  26  $16,200  $13,984 
Secured by 1-4 family residential properties
  17   3,843   3,793 
Commercial and industrial
  2   11,997   11,503 
Total
  45  $32,040  $29,280 
              
              
   
Year Ended December 31, 2011
 
Troubled Debt Restructurings that Subsequently Defaulted
 Number ofContracts      RecordedInvestment 
Construction, land development and other land loans
  5      $3,058 
Secured by 1-4 family residential properties
  1       179 
Total
  6      $3,237 

Trustmark's TDRs have resulted primarily from allowing the borrower to pay interest only for an extended period of time rather than from forgiveness.  Accordingly, as shown above, these TDRs have a similar recorded investment for both the pre-modification and post-modification disclosure.  Trustmark has utilized loans 90 days or more past due to define payment default in determining TDRs that have subsequently defaulted.
 
At December 31, 2011 and 2010, the following table details LHFI, excluding covered loans, classified as TDRs by loan type ($ in thousands):

   
December 31, 2011
 
   
Accruing
  
Nonaccrual
  
Total
 
Construction, land development and other land loans
 $241  $14,041  $14,282 
Secured by 1-4 family residential properties
  782   3,485   4,267 
Secured by nonfarm, nonresidential properties
  -   4,135   4,135 
Commercial and industrial
  -   11,503   11,503 
Total Troubled Debt Restructurings by Type
 $1,023  $33,164  $34,187 
              
              
   
December 31, 2010
 
   
Accruing
  
Nonaccrual
  
Total
 
Construction, land development and other land loans
 $-  $3,181  $3,181 
Secured by 1-4 family residential properties
  318   1,488   1,806 
Secured by nonfarm, nonresidential properties
  -   2,232   2,232 
Commercial and industrial
  -   11,997   11,997 
Total Troubled Debt Restructurings by Type
 $318  $18,898  $19,216 
Impaired Financing Receivables
At December 31, 2011 and 2010, the carrying amount of impaired loans, excluding covered loans, consisted of the following ($ in thousands):

   
December 31, 2011
 
      
Total LHFI
             
   
Unpaid
  
with No Related
  
Total LHFI
  
Total
     
Average
 
   
Principal
  
Allowance
  
with an Allowance
  
Carrying
  
Related
  
Recorded
 
   
Balance
  
Recorded
  
Recorded
  
Amount
  
Allowance
  
Investment
 
                    
Loans secured by real estate:
                  
Construction, land development and other land loans
 $58,757  $11,123  $29,290  $40,413  $6,547  $49,122 
Secured by 1-4 family residential properties
  33,746   1,560   22,788   24,348   1,348   27,330 
Secured by nonfarm, nonresidential properties
  27,183   13,770   10,211   23,981   2,431   26,497 
Other
  7,158   1,548   4,323   5,871   1,007   6,013 
Commercial and industrial loans
  16,102   8,724   5,424   14,148   1,137   15,127 
Consumer loans
  1,097   -   825   825   9   1,468 
Other loans
  2,559   220   652   872   185   1,132 
Total
 $146,602  $36,945  $73,513  $110,458  $12,664  $126,689 
 
   
December 31, 2010
 
      
Total LHFI
             
   
Unpaid
  
with No Related
  
Total LHFI
  
Total
     
Average
 
   
Principal
  
Allowance
  
with an Allowance
  
Carrying
  
Related
  
Recorded
 
   
Balance
  
Recorded
  
Recorded
  
Amount
  
Allowance
  
Investment
 
                    
Loans secured by real estate:
                  
Construction, land development and other land loans
 $81,945  $33,201  $24,630  $57,831  $6,782  $69,817 
Secured by 1-4 family residential properties
  41,475   3,082   27,231   30,313   1,745   30,888 
Secured by nonfarm, nonresidential properties
  35,679   18,582   10,431   29,013   1,579   23,535 
Other
  7,009   5,042   1,112   6,154   96   4,126 
Commercial and industrial loans
  17,413   9,172   6,935   16,107   1,514   11,369 
Consumer loans
  2,420   -   2,112   2,112   23   1,544 
Other loans
  2,868   1,107   286   1,393   58   765 
Total
 $188,809  $70,186  $72,737  $142,923  $11,797  $142,044 
 
Carrying Amount of Loans by Credit Quality Indicator
The table below illustrates the carrying amount of loans, excluding covered loans, by credit quality indicator at December 31, 2011 and 2010 ($ in thousands):
 
   
December 31, 2011
 
      
Commercial Loans
 
      
Pass -
Categories 1-6
  
Special Mention-
Category 7
  
Substandard -
Category 8
  
Doubtful -
Category 9
  
Subtotal
 
Loans secured by real estate:
                  
Construction, land development and other land loans
    $308,618  $26,273  $90,175  $116  $425,182 
Secured by 1-4 family residential properties
     119,155   142   16,324   -   135,621 
Secured by nonfarm, nonresidential properties
     1,287,886   26,232   110,472   51   1,424,641 
Other
     188,772   130   9,312   -   198,214 
Commercial and industrial loans
     1,048,556   32,046   56,577   405   1,137,584 
Consumer loans
     643   25   -   -   668 
Other loans
     600,411   -   1,834   600   602,845 
      $3,554,041  $84,848  $284,694  $1,172  $3,924,755 
                         
   
Consumer Loans
     
   
Current
  
Past Due
30-89 Days
  
Past Due Greater
Than 90 days
  
Nonaccrual
  
Subtotal
  
Total LHFI, excluding
covered loans
 
Loans secured by real estate:
                       
Construction, land development and other land loans
 $47,253  $353  $-  $1,294  $48,900  $474,082 
Secured by 1-4 family residential properties
  1,596,800   8,477   1,306   18,726   1,625,309   1,760,930 
Secured by nonfarm, nonresidential properties
  1,133   -   -   -   1,133   1,425,774 
Other
  6,405   201   -   29   6,635   204,849 
Commercial and industrial loans
  1,626   118   -   37   1,781   1,139,365 
Consumer loans
  234,593   7,172   498   825   243,088   243,756 
Other loans
  5,848   35   -   -   5,883   608,728 
   $1,893,658  $16,356  $1,804  $20,911  $1,932,729  $5,857,484 
 
   
December 31, 2010
 
      
Commercial Loans
 
      
Pass -
Categories 1-6
  
Special Mention -
Category 7
  
Substandard -
Category 8
  
Doubtful -
Category 9
  
Subtotal
 
Loans secured by real estate:
                  
Construction, land development and other land loans
    $347,287  $44,459  $134,503  $512  $526,761 
Secured by 1-4 family residential properties
     113,776   780   25,167   226   139,949 
Secured by nonfarm, nonresidential properties
     1,353,794   16,858   126,050   431   1,497,133 
Other
     216,022   180   7,418   -   223,620 
Commercial and industrial loans
     977,793   25,642   58,307   1,416   1,063,158 
Consumer loans
     524   -   -   -   524 
Other loans
     535,110   210   3,633   146   539,099 
      $3,544,306  $88,129  $355,078  $2,731  $3,990,244 
                         
   
Consumer Loans
     
   
Current
  
Past Due
30-89 Days
  
Past Due Greater
Than 90 days
  
Nonaccrual
  
Subtotal
  
Total LHFI, excluding
covered loans
 
Loans secured by real estate:
                       
Construction, land development and other land loans
 $53,797  $223  $-  $2,535  $56,555  $583,316 
Secured by 1-4 family residential properties
  1,559,611   10,302   1,278   20,916   1,592,107   1,732,056 
Secured by nonfarm, nonresidential properties
  975   -   -   -   975   1,498,108 
Other
  8,282   26   -   35   8,343   231,963 
Commercial and industrial loans
  5,075   97   -   39   5,211   1,068,369 
Consumer loans
  383,528   13,741   2,260   2,112   401,641   402,165 
Other loans
  5,166   -   -   -   5,166   544,265 
   $2,016,434  $24,389  $3,538  $25,637  $2,069,998  $6,060,242 
Aging Analysis of Past Due Loans and Nonaccrual Loans, excluding Covered Loans By Class
The following table provides an aging analysis of past due and nonaccrual LHFI, excluding covered loans, by class at December 31, 2011 and 2010 ($ in thousands):
 
   
December 31, 2011
 
   
Past Due
          
   
30-89 Days
  
Greater than
90 Days (1)
  
Total
  
Nonaccrual
  
Current
Loans
  
Total LHFI, excluding
covered loans
 
                    
Loans secured by real estate:
                  
Construction, land development and other land loans
 $1,784  $1,657  $3,441  $40,413  $430,228  $474,082 
Secured by 1-4 family residential properties
  9,755   1,306   11,061   24,348   1,725,521   1,760,930 
Secured by nonfarm, nonresidential properties
  9,925   -   9,925   23,981   1,391,868   1,425,774 
Other
  879   -   879   5,871   198,099   204,849 
Commercial and industrial loans
  1,646   769   2,415   14,148   1,122,802   1,139,365 
Consumer loans
  7,172   498   7,670   825   235,261   243,756 
Other loans
  3,104   -   3,104   872   604,752   608,728 
Total past due LHFI
 $34,265  $4,230  $38,495  $110,458  $5,708,531  $5,857,484 
 
(1) - Past due greater than 90 days but still accruing interest.

   
December 31, 2010
 
   
Past Due
          
   
30-89 Days
  
Greater than
90 Days (1)
  
Total
  
Nonaccrual
  
Current
Loans
  
Total LHFI, excluding
covered loans
 
                    
Loans secured by real estate:
                  
Construction, land development and other land loans
 $1,651  $-  $1,651  $57,831  $523,834  $583,316 
Secured by 1-4 family residential properties
  11,654   1,278   12,932   30,313   1,688,811   1,732,056 
Secured by nonfarm, nonresidential properties
  9,149   31   9,180   29,013   1,459,915   1,498,108 
Other
  441   -   441   6,154   225,368   231,963 
Commercial and industrial loans
  4,178   39   4,217   16,107   1,048,045   1,068,369 
Consumer loans
  13,741   2,260   16,001   2,112   384,052   402,165 
Other loans
  67   -   67   1,393   542,805   544,265 
Total past due LHFI
 $40,881  $3,608  $44,489  $142,923  $5,872,830  $6,060,242 
 
(1) - Past due greater than 90 days but still accruing interest.
Change in Allowance For Loan Losses
Changes in the allowance for loan losses, excluding covered loans, were as follows ($ in thousands):
 
   
2011
  
2010
  
2009
 
Balance at January 1,
 $93,510  $103,662  $94,922 
Loans charged-off
  (45,769)  (71,897)  (80,711)
Recoveries
  12,073   12,199   12,339 
Net charge-offs
  (33,696)  (59,698)  (68,372)
Provision for loan losses, excluding covered loans
  29,704   49,546   77,112 
Balance at December 31,
 $89,518  $93,510  $103,662 
 
The following tables detail the balance in the allowance for loan losses, excluding covered loans, by portfolio segment at December 31, 2011 and 2010, respectively ($ in thousands):

   
2011
 
   
January 1,
  
Charge-offs
  
Recoveries
  
Provision for
Loan Losses
  
December 31,
 
Loans secured by real estate:
               
Construction, land development and other land loans
 $35,562  $(16,399) $-  $8,057  $27,220 
Secured by 1-4 family residential properties
  13,051   (9,271)  447   8,423   12,650 
Secured by nonfarm, nonresidential properties
  20,980   (3,896)  -   7,274   24,358 
Other
  1,582   (1,082)  -   2,579   3,079 
Commercial and industrial loans
  14,775   (4,299)  2,703   2,689   15,868 
Consumer loans
  5,400   (5,629)  5,749   (1,864)  3,656 
Other loans
  2,160   (5,193)  3,174   2,546   2,687 
Total allowance for loan losses, excluding covered loans
 $93,510  $(45,769) $12,073  $29,704  $89,518 
                      
           
Disaggregated by Impairment Method
 
           
Individually
  
Collectively
  
Total
 
Loans secured by real estate:
                    
Construction, land development and other land loans
         $6,547  $20,673  $27,220 
Secured by 1-4 family residential properties
          1,348   11,302   12,650 
Secured by nonfarm, nonresidential properties
          2,431   21,927   24,358 
Other
          1,007   2,072   3,079 
Commercial and industrial loans
          1,137   14,731   15,868 
Consumer loans
          9   3,647   3,656 
Other loans
          185   2,502   2,687 
Total allowance for loan losses, excluding covered loans
         $12,664  $76,854  $89,518 
 
   
2010
 
   
January 1,
  
Charge-offs
  
Recoveries
  
Provision for
Loan Losses
  
December 31,
 
Loans secured by real estate:
               
Construction, land development and other land loans
 $43,551  $(31,135) $-  $23,146  $35,562 
Secured by 1-4 family residential properties
  13,151   (11,375)  417   10,858   13,051 
Secured by nonfarm, nonresidential properties
  20,110   (6,520)  -   7,390   20,980 
Other
  1,631   (1,365)  -   1,316   1,582 
Commercial and industrial loans
  16,275   (4,186)  2,245   441   14,775 
Consumer loans
  7,246   (10,234)  6,395   1,993   5,400 
Other loans
  1,698   (7,082)  3,142   4,402   2,160 
Total allowance for loan losses, excluding covered loans
 $103,662  $(71,897) $12,199  $49,546  $93,510 
                      
           
Disaggregated by Impairment Method
 
           
Individually
  
Collectively
  
Total
 
Loans secured by real estate:
                    
Construction, land development and other land loans
         $6,782  $28,780  $35,562 
Secured by 1-4 family residential properties
          1,745   11,306   13,051 
Secured by nonfarm, nonresidential properties
          1,579   19,401   20,980 
Other
          96   1,486   1,582 
Commercial and industrial loans
          1,514   13,261   14,775 
Consumer loans
          23   5,377   5,400 
Other loans
          58   2,102   2,160 
Total allowance for loan losses, excluding covered loans
         $11,797  $81,713  $93,510