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Shareholders' Equity
 3 Months Ended
Mar. 31, 2014
Shareholders' Equity [Abstract]  
Shareholders' Equity
Note 15 – Shareholders' Equity

Regulatory Capital

Trustmark and TNB are subject to minimum capital requirements, which are administered by the federal bank regulatory agencies.  These capital requirements, as defined by federal regulations, involve quantitative and qualitative measures of assets, liabilities and certain off-balance sheet instruments.  Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the financial statements of Trustmark and TNB.  As of March 31, 2014, Trustmark and TNB exceeded all of the minimum capital standards for the parent company and its primary banking subsidiary as established by regulatory requirements.  In addition, TNB met applicable regulatory guidelines to be considered well-capitalized at March 31, 2014.  To be categorized in this manner, TNB must maintain minimum total risk-based capital, Tier 1 risk-based capital and Tier 1 leverage ratios as set forth in the accompanying table.  There are no significant conditions or events that have occurred since March 31, 2014, which Management believes have affected Trustmark’s or TNB's present classification.
 
Trustmark's and TNB's actual regulatory capital amounts and ratios are presented in the table below ($ in thousands):

 
 
  
  
  
  
Minimum Regulatory
 
 
 
Actual
  
Minimum Regulatory
  
Provision to be
 
 
 
Regulatory Capital
  
Capital Required
  
Well-Capitalized
 
 
 
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
At March 31, 2014:
 
  
  
  
  
  
 
Total Capital (to Risk Weighted Assets)
 
  
  
  
  
  
 
Trustmark Corporation
 
$
1,149,286
   
14.34
%
 
$
641,319
   
8.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,125,674
   
14.07
%
  
640,125
   
8.00
%
 
$
800,156
   
10.00
%
 
                        
Tier 1 Capital (to Risk Weighted Assets)
                        
Trustmark Corporation
 
$
1,051,263
   
13.11
%
 
$
320,659
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,029,171
   
12.86
%
  
320,062
   
4.00
%
 
$
480,094
   
6.00
%
 
                        
Tier 1 Capital (to Average Assets)
                        
Trustmark Corporation
 
$
1,051,263
   
9.14
%
 
$
459,907
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,029,171
   
8.97
%
  
459,183
   
4.00
%
 
$
573,979
   
5.00
%
 
                        
At December 31, 2013:
                        
Total Capital (to Risk Weighted Assets)
                        
Trustmark Corporation
 
$
1,122,904
   
14.18
%
 
$
633,310
   
8.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,076,391
   
13.74
%
  
626,672
   
8.00
%
 
$
783,340
   
10.00
%
 
                        
Tier 1 Capital (to Risk Weighted Assets)
                        
Trustmark Corporation
 
$
1,026,858
   
12.97
%
 
$
316,655
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
982,925
   
12.55
%
  
313,336
   
4.00
%
 
$
470,004
   
6.00
%
 
                        
Tier 1 Capital (to Average Assets)
                        
Trustmark Corporation
 
$
1,026,858
   
9.06
%
 
$
453,487
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
982,925
   
8.76
%
  
448,665
   
4.00
%
 
$
560,831
   
5.00
%

Accumulated Other Comprehensive (Loss) Income

The following table presents the components of accumulated other comprehensive (loss) income and the related tax effects allocated to each component for the three months ended March 31, 2014 and 2013 ($ in thousands).  Reclassification adjustments related to securities available for sale are included in securities gains, net in the accompanying consolidated statements of income.  The amortization of prior service cost, recognized net loss due to settlement and recognized net actuarial loss on pension and other postretirement benefit plans are included in the computation of net periodic benefit cost (see Note 10 – Defined Benefit and Other Postretirement Benefits for additional details).
 
 
Before Tax
  
Tax (Expense)
  
Net of Tax
 
 
 
Amount
  
Benefit
  
Amount
 
Three Months Ended March 31, 2014:
 
  
  
 
Securities available for sale and transferred securities:
  
 
Unrealized holding gains arising during the period
 
$
6,848
  
$
(2,619
)
 
$
4,229
 
Reclassification adjustment for net gains realized in net income
  
(389
)
  
149
   
(240
)
Change in net unrealized holding loss on securities transferred to held to maturity
  
1,333
   
(510
)
  
823
 
Total securities available for sale and transferred securities
  
7,792
   
(2,980
)
  
4,812
 
Pension and other postretirement benefit plans:
         
Net change in prior service costs
  
63
   
(24
)
  
39
 
Recognized net loss due to settlement
  
375
   
(143
)
  
232
 
Recognized net actuarial loss
  
906
   
(347
)
  
559
 
Total pension and other postretirement benefit plans
  
1,344
   
(514
)
  
830
 
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
(661
)
  
253
   
(408
)
Total other comprehensive income
 
$
8,475
  
$
(3,241
)
 
$
5,234
 
 
            
Three Months Ended March 31, 2013:
            
Securities available for sale:
            
Unrealized holding gains arising during the period
 
$
2,234
  
$
(854
)
 
$
1,380
 
Reclassification adjustment for net gains realized in net income
  
(204
)
  
78
   
(126
)
Total securities available for sale
  
2,030
   
(776
)
  
1,254
 
Pension and other postretirement benefit plans:
         
Net change in prior service costs
  
63
   
(24
)
  
39
 
Recognized net actuarial loss
  
1,654
   
(633
)
  
1,021
 
Total pension and other postretirement benefit plans
  
1,717
   
(657
)
  
1,060
 
Total other comprehensive income
 
$
3,747
  
$
(1,433
)
 
$
2,314
 

The following table presents the changes in the balances of each component of accumulated other comprehensive (loss) income for the periods ended March 31, 2014 and 2013 ($ in thousands).  All amounts are presented net of tax.

 
 
Securities
Available for Sale 
and Transferred
Securities
  
Defined
Benefit
Pension Items
  
Gains on Cash
Flow Hedge
  
Total
 
Balance at January 1, 2014
 
$
(25,462
)
 
$
(19,793
)
 
$
1,524
  
$
(43,731
)
Other comprehensive income (loss) before reclassification
  
5,052
   
830
   
(408
)
  
5,474
 
Amounts reclassified from accumulated other comprehensive income
  
(240
)
  
-
   
-
   
(240
)
Net other comprehensive income (loss)
  
4,812
   
830
   
(408
)
  
5,234
 
Balance at March 31, 2014
 
$
(20,650
)
 
$
(18,963
)
 
$
1,116
  
$
(38,497
)
 
                
Balance at January 1, 2013
 
$
44,935
  
$
(41,540
)
 
$
-
  
$
3,395
 
Other comprehensive income before reclassification
  
1,380
   
1,060
   
-
   
2,440
 
Amounts reclassified from accumulated other comprehensive income
  
(126
)
  
-
   
-
   
(126
)
Net other comprehensive income
  
1,254
   
1,060
   
-
   
2,314
 
Balance at March 31, 2013
 
$
46,189
  
$
(40,480
)
 
$
-
  
$
5,709