XML 41 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2011
Stock and Incentive Compensation Plans [Abstract]  
Stock option activity
The following table summarizes Trustmark's stock option activity for 2011, 2010, and 2009:
 
   
2011
  
2010
  
2009
 
      
Average
     
Average
     
Average
 
      
Option
     
Option
     
Option
 
Options
 
Shares
  
Price
  
Shares
  
Price
  
Shares
  
Price
 
Outstanding, beginning of year
  1,311,925  $27.03   1,531,925  $26.27   1,796,174  $25.57 
Granted
  -   -   -   -   -   - 
Exercised
  (69,525)  21.68   (188,550)  20.65   (154,500)  19.35 
Expired
  (36,000)  27.71   (29,350)  28.22   (98,749)  23.75 
Forfeited
  (1,300)  31.55   (2,100)  31.55   (11,000)  30.71 
Outstanding, end of year
  1,205,100   27.31   1,311,925   27.03   1,531,925   26.27 
                          
Exercisable, end of year
  1,205,100   27.31   1,270,085   26.88   1,392,355   25.87 
                          
Aggregate Intrinsic Value
                        
Outstanding, end of year
 $44,365      $394,341      $424,029     
Exercisable, end of year
 $44,365      $394,341      $424,029     

Stock options by ranges of exercise prices
The following table presents information on stock options by ranges of exercise prices at December 31, 2011:

Options Outstanding
  
Options Exercisable
 
      
Weighted-
  
Weighted-
     
Weighted-
  
Weighted-
 
   
Outstanding
  
Average
  
Average
  
Exercisable
  
Average
  
Average
 
Range of
  
December 31,
  
Remaining Years
  
Exercise
  
December 31,
  
Remaining Years
  
Exercise
 
Exercise Prices
  
2011
  
To Expiration
  
Price
  
2011
  
To Expiration
  
Price
 
$22.64 - $25.88   438,050  0.8  $24.76   438,050  0.8  $24.76 
$25.88 - $29.11   553,900  1.4   27.72   553,900  1.4   27.72 
$29.11 - $32.35   213,150  1.4   31.48   213,150  1.4   31.48 
    1,205,100  1.2   27.31   1,205,100  1.2   27.31 

Restricted stock grants
Performance Awards
 
The following table summarizes Trustmark's performance award activity during years ended December 31, 2011, 2010 and 2009:
   
2011
  
2010
  
2009
 
      
Weighted-
     
Weighted-
     
Weighted-
 
      
Average
     
Average
     
Average
 
      
Grant-Date
     
Grant-Date
     
Grant-Date
 
   
Shares
  
Fair Value
  
Shares
  
Fair Value
  
Shares
  
Fair Value
 
Nonvested shares, beginning of year
  210,797  $20.30   229,227  $25.52   212,464  $27.60 
Granted
  53,863   25.40   55,787   23.05   79,631   17.75 
Released from restriction
  (84,338)  20.00   (73,862)  27.68   (62,038)  26.39 
Forfeited
  (901)  23.82   (355)  25.30   (830)  24.74 
Nonvested shares, end of year
  179,421   20.30   210,797   20.30   229,227   25.52 
 
Time-Vested Awards
 
The following table summarizes Trustmark's time-vested award activity during years ended December 31, 2011, 2010 and 2009:

   
2011
  
2010
  
2009
 
      
Weighted-
     
Weighted-
     
Weighted-
 
      
Average
     
Average
     
Average
 
      
Grant-Date
     
Grant-Date
     
Grant-Date
 
   
Shares
  
Fair Value
  
Shares
  
Fair Value
  
Shares
  
Fair Value
 
Nonvested shares, beginning of year
  343,469  $20.33   291,999  $25.50   139,943  $27.58 
Granted
  157,178   24.15   146,605   22.44   187,196   19.36 
Released from restriction
  (160,447)  20.46   (90,372)  23.91   (29,516)  28.56 
Forfeited
  (5,844)  20.17   (4,763)  20.52   (5,624)  24.72 
Nonvested shares, end of year
  334,356   21.04   343,469   20.33   291,999   25.50 
 
Compensation expense for all stock and incentive plans
The following table presents information regarding compensation expense for all stock and incentive plans for the periods presented ($ in thousands):
 
               
Weighted
 
               
Average Life
 
   
Recognized Compensation Expense
  
Unrecognized
  
of Unrecognized
 
   
for Years Ended December 31,
  
Compensation
  
Compensation
 
   
2011
  
2010
  
2009
  
Expense
  
Expense
 
                 
Stock option-based awards
 $100  $430  $674  $-   - 
Performance awards
  855   1,004   1,224   887   1.67 
Time-vested awards
  2,835   3,390   2,659   4,954   2.94 
RSU award
  184   696   376   -   - 
Total stock and incentive plan compensation expense
 $3,974  $5,520  $4,933  $5,841