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Shareholders' Equity
 9 Months Ended
Sep. 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 September 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 September 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 September 30, 2014, which Management believes have affected Trustmark’s or TNB's present classification.
 
The following table provides Trustmark's and TNB's actual regulatory capital amounts and ratios for the periods presented ($ in thousands):
 
  
Actual
Regulatory Capital
  
Minimum Regulatory
Capital Required
  
Minimum Regulatory
Provision to be
Well-Capitalized
 
  
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
At September 30, 2014:
 
  
  
  
  
  
 
Total Capital (to Risk Weighted Assets)
            
Trustmark Corporation
 
$
1,218,220
   
14.70
%
 
$
663,009
   
8.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,194,589
   
14.44
%
  
661,737
   
8.00
%
 
$
827,171
   
10.00
%
                         
Tier 1 Capital (to Risk Weighted Assets)
                        
Trustmark Corporation
 
$
1,116,166
   
13.47
%
 
$
331,504
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,094,124
   
13.23
%
  
330,868
   
4.00
%
 
$
496,302
   
6.00
%
                         
Tier 1 Capital (to Average Assets)
                        
Trustmark Corporation
 
$
1,116,166
   
9.54
%
 
$
467,917
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,094,124
   
9.37
%
  
467,135
   
4.00
%
 
$
583,919
   
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 nine months ended September 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
Amount
  
Tax (Expense)
Benefit
  
Net of Tax
Amount
 
Nine Months Ended September 30, 2014:
      
Securities available for sale and transferred securities:
      
Unrealized holding gains arising during the period
 
$
9,415
  
$
(3,601
)
 
$
5,814
 
Reclassification adjustment for net gains realized in net income
  
(300
)
  
115
   
(185
)
Change in net unrealized holding loss on securities transferred to held to maturity
  
4,444
   
(1,700
)
  
2,744
 
Total securities available for sale and transferred securities
  
13,559
   
(5,186
)
  
8,373
 
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
188
   
(72
)
  
116
 
Recognized net loss due to settlement
  
2,459
   
(941
)
  
1,518
 
Recognized net actuarial loss
  
268
   
(102
)
  
166
 
Total pension and other postretirement benefit plans
  
2,915
   
(1,115
)
  
1,800
 
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
(1,307
)
  
500
   
(807
)
Total other comprehensive income
 
$
15,167
  
$
(5,801
)
 
$
9,366
 
             
Nine Months Ended September 30, 2013:
            
Securities available for sale:
            
Unrealized holding losses arising during the period
 
$
(98,130
)
 
$
37,534
  
$
(60,596
)
Reclassification adjustment for net gains realized in net income
  
(378
)
  
145
   
(233
)
Total securities available for sale
  
(98,508
)
  
37,679
   
(60,829
)
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
188
   
(72
)
  
116
 
Recognized net loss due to settlement
  
1,363
   
(521
)
  
842
 
Recognized net actuarial loss
  
4,920
   
(1,882
)
  
3,038
 
Total pension and other postretirement benefit plans
  
6,471
   
(2,475
)
  
3,996
 
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
1,963
   
(751
)
  
1,212
 
Total other comprehensive loss
 
$
(90,074
)
 
$
34,453
  
$
(55,621
)

The following table presents the changes in the balances of each component of accumulated other comprehensive loss for the periods ended September 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
  
8,558
   
1,800
   
(807
)
  
9,551
 
Amounts reclassified from accumulated other comprehensive loss
  
(185
)
  
-
   
-
   
(185
)
Net other comprehensive income (loss)
  
8,373
   
1,800
   
(807
)
  
9,366
 
Balance at September 30, 2014
 
$
(17,089
)
 
$
(17,993
)
 
$
717
  
$
(34,365
)
                 
Balance at January 1, 2013
 
$
44,935
  
$
(41,540
)
 
$
-
  
$
3,395
 
Other comprehensive (loss) income before reclassification
  
(60,596
)
  
3,996
   
1,212
   
(55,388
)
Amounts reclassified from accumulated other comprehensive loss
  
(233
)
  
-
   
-
   
(233
)
Net other comprehensive (loss) income
  
(60,829
)
  
3,996
   
1,212
   
(55,621
)
Balance at September 30, 2013
 
$
(15,894
)
 
$
(37,544
)
 
$
1,212
  
$
(52,226
)