Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

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,
	2012			2011
Derivatives in hedging relationships
Interest rate contracts:
Forward contracts included in other liabilities	$	3,284		$	2,217
Derivatives not designated as hedging instruments
Interest rate contracts:
Futures contracts included in other assets	$	343		$	986
Exchange traded purchased options included in other assets		56			144
OTC written options (rate locks) included in other assets		2,335			702
Interest rate swaps included in other assets		4,239			1,689
Exchange traded written options included in other liabilities		791			694
Interest rate swaps included in other liabilities		4,420			1,769
Credit risk participation agreements included in other liabilities		(7	)		-

Effects of derivative instruments on statements of operations

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Derivatives in hedging relationships
Amount of loss recognized in mortgage banking, net	$	(3,460	)	$	(22	)	$	(1,067	)	$	(3,275	)
Derivatives not designated as hedging instruments
Amount of gain recognized in mortgage banking, net	$	8,496		$	6,535		$	7,030		$	6,154
Amount of loss recognized in bankcard and other fees		(195	)		(15	)		(160	)		(15	)