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Shareholders' Equity
 6 Months Ended
Jun. 30, 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 June 30, 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 June 30, 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 June 30, 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 June 30, 2014:
 
  
  
  
  
  
 
Total Capital (to Risk Weighted Assets)
 
  
  
  
  
  
 
Trustmark Corporation
 
$
1,188,748
   
14.54
%
 
$
654,050
   
8.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,165,481
   
14.28
%
  
652,784
   
8.00
%
 
$
815,981
   
10.00
%
 
                        
Tier 1 Capital (to Risk Weighted Assets)
                        
Trustmark Corporation
 
$
1,090,953
   
13.34
%
 
$
327,025
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,069,227
   
13.10
%
  
326,392
   
4.00
%
 
$
489,588
   
6.00
%
 
                        
Tier 1 Capital (to Average Assets)
                        
Trustmark Corporation
 
$
1,090,953
   
9.43
%
 
$
462,861
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,069,227
   
9.25
%
  
462,214
   
4.00
%
 
$
577,767
   
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

The following table presents the components of other comprehensive income (loss) and the related tax effects allocated to each component for the six months ended June 30, 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
 
Six Months Ended June 30, 2014:
 
  
  
 
Securities available for sale and transferred securities:
  
  
 
Unrealized holding gains arising during the period
 
$
17,807
  
$
(6,811
)
 
$
10,996
 
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
  
2,806
   
(1,073
)
  
1,733
 
Total securities available for sale and transferred securities
  
20,224
   
(7,735
)
  
12,489
 
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
125
   
(48
)
  
77
 
Recognized net loss due to settlement
  
750
   
(287
)
  
463
 
Recognized net actuarial loss
  
1,805
   
(690
)
  
1,115
 
Total pension and other postretirement benefit plans
  
2,680
   
(1,025
)
  
1,655
 
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
(1,571
)
  
601
   
(970
)
Total other comprehensive income
 
$
21,333
  
$
(8,159
)
 
$
13,174
 
 
            
Six Months Ended June 30, 2013:
            
Securities available for sale:
            
Unrealized holding losses arising during the period
 
$
(69,854
)
 
$
26,719
  
$
(43,135
)
Reclassification adjustment for net gains realized in net income
  
(378
)
  
145
   
(233
)
Total securities available for sale
  
(70,232
)
  
26,864
   
(43,368
)
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
126
   
(48
)
  
78
 
Recognized net loss due to settlement
  
525
   
(201
)
  
324
 
Recognized net actuarial loss
  
3,286
   
(1,257
)
  
2,029
 
Total pension and other postretirement benefit plans
  
3,937
   
(1,506
)
  
2,431
 
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
2,355
   
(901
)
  
1,454
 
Total other comprehensive loss
 
$
(63,940
)
 
$
24,457
  
$
(39,483
)

The following table presents the changes in the balances of each component of accumulated other comprehensive loss for the periods ended June 30, 2014 and 2013 ($ in thousands).  All amounts are presented net of tax.

 
 
Securities Available for Sale and Transferred Securities
  
Defined Benefit Pension Items
  
Cash Flow Hedge Derivatives
  
Total
 
Balance at January 1, 2014
 
$
(25,462
)
 
$
(19,793
)
 
$
1,524
  
$
(43,731
)
Other comprehensive income (loss) before reclassification
  
12,729
   
1,655
   
(970
)
  
13,414
 
Amounts reclassified from accumulated other comprehensive income
  
(240
)
  
-
   
-
   
(240
)
Net other comprehensive income (loss)
  
12,489
   
1,655
   
(970
)
  
13,174
 
Balance at June 30, 2014
 
$
(12,973
)
 
$
(18,138
)
 
$
554
  
$
(30,557
)
 
                
Balance at January 1, 2013
 
$
44,935
  
$
(41,540
)
 
$
-
  
$
3,395
 
Other comprehensive (loss) income before reclassification
  
(43,135
)
  
2,431
   
1,454
   
(39,250
)
Amounts reclassified from accumulated other comprehensive income
  
(233
)
  
-
   
-
   
(233
)
Net other comprehensive (loss) income
  
(43,368
)
  
2,431
   
1,454
   
(39,483
)
Balance at June 30, 2013
 
$
1,567
  
$
(39,109
)
 
$
1,454
  
$
(36,088
)