Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Derivative Financial Instruments [Abstract]

The following tables disclose the fair value of derivative instruments in Trustmark's balance sheets as of December 31, 2011 and 2010 as well as the effect of these derivative instruments on Trustmark's results of operations for years ended December 31, 2011, 2010 and 2009:

	December 31,		December 31,
	2011		2010
Derivatives in hedging relationships
Interest rate contracts:
Forward contracts included in other liabilities	$	2,217	$	(3,143	)

Derivatives not designated as hedging instruments
Interest rate contracts:
Futures contracts included in other assets	$	986	$	(2,897	)
Exchange traded purchased options included in other assets		144		313
OTC written options (rate locks) included in other assets		702		337
Interest rate swaps included in other assets		1,689		-
Exchange traded written options included in other liabilities		694		1,562
Interest rate swaps included in other liabilities		1,769		-

Effects of derivative instruments on statements of operations

	Years ended December 31,
	2011			2010		2009
Derivatives in hedging relationships
Amount of (loss) gain recognized in mortgage banking, net	$	(5,360	)	$	987	$	4,888

Derivatives not designated as hedging instruments
Amount of gain (loss) recognized in mortgage banking, net	$	19,929		$	16,655	$	(8,122	)
Amount of loss recognized in bankcard and other fees		(79	)		-		-

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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