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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2014
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):

  
September 30, 2014
  
December 31, 2013
 
Derivatives in hedging relationships
    
Interest rate contracts:
    
Interest rate swaps included in other assets
 
$
1,161
  
$
2,469
 
Forward contracts included in other liabilities
  
623
   
(1,911
)
         
Derivatives not designated as hedging instruments
        
Interest rate contracts:
        
Futures contracts included in other assets
 
$
(816
)
 
$
(2,662
)
Exchange traded purchased options included in other assets
  
316
   
83
 
OTC written options (rate locks) included in other assets
  
1,340
   
126
 
Interest rate swaps included in other assets
  
3,017
   
4,962
 
Credit risk participation agreements included in other assets
  
16
   
16
 
Exchange traded written options included in other liabilities
  
181
   
581
 
Interest rate swaps included in other liabilities
  
2,926
   
4,628
 
Credit risk participation agreements included in other liabilities
  
16
   
16
 
Effects of derivative instruments on statements of operations

  
Three Months Ended September 30,
  
Nine Months Ended September 30,
 
  
2014
  
2013
  
2014
  
2013
 
Derivatives in hedging relationships
        
Amount of (loss) gain recognized in mortgage banking, net
 
$
(1,765
)
 
$
(13,008
)
 
$
2,534
  
$
(2,141
)
                 
Derivatives not designated as hedging instruments
                
Amount of (loss) gain recognized in mortgage banking, net
 
$
(986
)
 
$
2,728
  
$
7,267
  
$
(5,421
)
Amount of gain (loss) recognized in bankcard and other fees
  
3
   
(203
)
  
(239
)
  
192
 
 
Schedule of amount included in other comprehensive loss for derivative instruments designated as hedges of cash flows
The following table discloses the amount included in other comprehensive income (loss) for derivative instruments designated as cash flow hedges for the periods presented ($ in thousands):

  
Three Months Ended September 30,
  
Nine Months Ended September 30,
 
  
2014
  
2013
  
2014
  
2013
 
Derivatives in cash flow hedging relationship
        
Amount of gain (loss) recognized in other comprehensive income (loss)
 
$
163
  
$
(242
)
 
$
(807
)
 
$
1,212
 
 
Information about financial instruments that are eligible for offset in the consolidated balance sheets
Information about financial instruments that are eligible for offset in the consolidated balance sheets as of September 30, 2014 and December 31, 2013 is presented in the following tables ($ in thousands):
 
Offsetting of Derivative Assets
As of September 30, 2014
 
        
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
 
$
4,178
  
$
-
  
$
4,178
  
$
(1,038
)
 
$
(650
)
 
$
2,490
 

Offsetting of Derivative Liabilities
As of September 30, 2014
 
        
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
 
$
2,926
  
$
-
  
$
2,926
  
$
(1,038
)
 
$
-
  
$
1,888
 

Offsetting of Derivative Assets
As of December 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
 
$
7,431
  
$
-
  
$
7,431
  
$
(967
)
 
$
(1,920
)
 
$
4,544
 

Offsetting of Derivative Liabilities
As of December 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
 
$
4,628
  
$
-
  
$
4,628
  
$
(967
)
 
$
-
  
$
3,661