Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Financial Instruments [Abstract]

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):

	March 31,		December 31,
	2013		2012
Derivatives in hedging relationships
Interest rate contracts:
Forward contracts included in other liabilities	$	804	$	738

Derivatives not designated as hedging instruments
Interest rate contracts:
Futures contracts included in other assets	$	323	$	(482	)
Exchange traded purchased options included in other assets		136		42
OTC written options (rate locks) included in other assets		1,937		2,284
Interest rate swaps included in other assets		4,808		5,241
Credit risk participation agreements included in other assets		19		22
Exchange traded written options included in other liabilities		518		545
Interest rate swaps included in other liabilities		4,920		5,329

Effects of derivative instruments on statements of operations

	Three Months Ended March 31,
	2013			2012
Derivatives in hedging relationships
Amount of (loss) gain recognized in mortgage banking, net	$	(66	)	$	2,393

Derivatives not designated as hedging instruments
Amount of loss recognized in mortgage banking, net	$	(215	)	$	(1,467	)
Amount of (loss) gain recognized in bankcard and other fees		(27	)		35

Information about financial instruments that are eligible for offset in the consolidated balance sheets

Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements. Information about financial instruments that are eligible for offset in the consolidated balance sheets as of March 31, 2013 and December 31, 2012 is presented in the following tables ($ in thousands):

Offsetting of Derivative Assets
As of March 31, 2013
							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets presented in the Statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	4,808	$	-	$	4,808	$	-	$	-	$	4,808

Offsetting of Derivative Liabilities
As of March 31, 2013
							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities presented in the Statement of Financial Position		Financial Instruments		Cash Collateral Posted		Net Amount
Derivatives	$	4,920	$	-	$	4,920	$	-	$	1,349	$	3,571

Offsetting of Derivative Assets

As of December 31, 2012

							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets presented in the Statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	5,241	$	-	$	5,241	$	-	$	-	$	5,241

Offsetting of Derivative Liabilities

As of December 31, 2012

							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities presented in the Statement of Financial Position		Financial Instruments		Cash Collateral Posted		Net Amount
Derivatives	$	5,329	$	-	$	5,329	$	-	$	1,370	$	3,959

- 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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