XML 18 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2014
Shareholders' Equity [Abstract]  
Table of actual regulatory capital amounts and ratios
The following table provides Trustmark's and TNB's actual regulatory capital amounts and ratios for the periods presented under regulatory capital standards then in effect ($ in thousands):

      
Minimum Regulatory
 
  
Actual
  
Minimum Regulatory
  
Provision to be
 
  
Regulatory Capital
  
Capital Required
  
Well-Capitalized
 
  
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
At December 31, 2014:
            
Total Capital (to Risk Weighted Assets)
            
Trustmark Corporation
 
$
1,221,292
   
14.56
%
 
$
671,024
   
8.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,198,697
   
14.32
%
  
669,856
   
8.00
%
 
$
837,320
   
10.00
%
                         
Tier 1 Capital (to Risk Weighted Assets)
                        
Trustmark Corporation
 
$
1,129,630
   
13.47
%
 
$
335,512
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,108,399
   
13.24
%
  
334,928
   
4.00
%
 
$
502,392
   
6.00
%
                         
Tier 1 Capital (to Average Assets)
                        
Trustmark Corporation
 
$
1,129,630
   
9.63
%
 
$
469,411
   
4.00
%
  
n/
a
  
n/
a
Trustmark National Bank
  
1,108,399
   
9.46
%
  
468,783
   
4.00
%
 
$
585,979
   
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
%
Components of accumulated other comprehensive (loss) income and the related tax effects
The following table presents the components of accumulated other comprehensive (loss) income and the related tax effects allocated to each component for the years ended December 31, 2014, 2013 and 2012 ($ 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 BancTrust termination, recognized net loss due to lump sum settlements and recognized net actuarial (loss) gain on pension and other postretirement benefit plans are included in the computation of net periodic benefit cost (see Note 15 – Defined Benefit and Other Postretirement Benefits for additional details).  Reclassification adjustments related to the cash flow hedge derivative are included in other interest expense in the accompanying consolidated statements of income.
 
  
Before Tax
  
Tax (Expense)
  
Net of Tax
 
  
Amount
  
Benefit
  
Amount
 
Year Ended December 31, 2014:
      
Securities available for sale and transferred securities:
      
Unrealized holding gains arising during the period
 
$
17,705
  
$
(6,772
)
 
$
10,933
 
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
  
6,010
   
(2,299
)
  
3,711
 
Total securities available for sale and transferred securities
  
23,415
   
(8,956
)
  
14,459
 
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
249
   
(95
)
  
154
 
Recognized net loss due to BancTrust termination
  
1,355
   
(518
)
  
837
 
Recognized net loss due to lump sum settlements
  
905
   
(346
)
  
559
 
Recognized net actuarial loss
  
(21,657
)
  
8,283
   
(13,374
)
Total pension and other postretirement benefit plans
  
(19,148
)
  
7,324
   
(11,824
)
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
(2,246
)
  
859
   
(1,387
)
Reclassification adjustment for loss realized in net income
  
(2
)
  
1
   
(1
)
Total cash flow hedge derivatives
  
(2,248
)
  
860
   
(1,388
)
Total other comprehensive income
 
$
2,019
  
$
(772
)
 
$
1,247
 
             
Year Ended December 31, 2013:
            
Securities available for sale and transferred securities:
            
Unrealized holding losses arising during the period
 
$
(67,135
)
 
$
25,679
  
$
(41,456
)
Reclassification adjustment for net gains realized in net income
  
(485
)
  
186
   
(299
)
Net unrealized holding loss on securities transferred to held to maturity
  
(46,383
)
  
17,741
   
(28,642
)
Total securities available for sale and transferred securities
  
(114,003
)
  
43,606
   
(70,397
)
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
251
   
(96
)
  
155
 
Recognized net loss due to lump sum settlement
  
2,225
   
(851
)
  
1,374
 
Recognized net actuarial gain
  
32,742
   
(12,524
)
  
20,218
 
Total pension and other postretirement benefit plans
  
35,218
   
(13,471
)
  
21,747
 
Derivatives:
            
Change in accumulated gain on effective cash flow hedge derivatives
  
2,468
   
(944
)
  
1,524
 
Total other comprehensive loss
 
$
(76,317
)
 
$
29,191
  
$
(47,126
)
             
Year Ended December 31, 2012:
            
Securities available for sale:
            
Unrealized holding gains arising during the period
 
$
97
  
$
(37
)
 
$
60
 
Reclassification adjustment for net gains realized in net income
  
(1,059
)
  
405
   
(654
)
Total securities available for sale
  
(962
)
  
368
   
(594
)
Pension and other postretirement benefit plans:
            
Net change in prior service costs
  
52
   
(20
)
  
32
 
Recognized net actuarial gain
  
1,354
   
(518
)
  
836
 
Total pension and other postretirement benefit plans
  
1,406
   
(538
)
  
868
 
Total other comprehensive income
 
$
444
  
$
(170
)
 
$
274
 
Components of accumulated other comprehensive (loss) income
The following table presents the changes in the balances of each component of accumulated other comprehensive (loss) income for the years ended December 31, 2014, 2013 and 2012 ($ 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, 2012
 
$
45,529
  
$
(42,408
)
 
$
-
  
$
3,121
 
Other comprehensive income before reclassification
  
60
   
868
   
-
   
928
 
Amounts reclassified from accumulated other comprehensive income
  
(654
)
  
-
   
-
   
(654
)
Net other comprehensive (loss) income
  
(594
)
  
868
   
-
   
274
 
Balance at December 31, 2012
  
44,935
   
(41,540
)
  
-
   
3,395
 
Other comprehensive loss before reclassification
  
(70,098
)
  
21,747
   
1,524
   
(46,827
)
Amounts reclassified from accumulated other comprehensive loss
  
(299
)
  
-
   
-
   
(299
)
Net other comprehensive (loss) income
  
(70,397
)
  
21,747
   
1,524
   
(47,126
)
Balance at December 31, 2013
  
(25,462
)
  
(19,793
)
  
1,524
   
(43,731
)
Other comprehensive income before reclassification
  
14,644
   
(11,824
)
  
(1,387
)
  
1,433
 
Amounts reclassified from accumulated other comprehensive loss
  
(185
)
  
-
   
(1
)
  
(186
)
Net other comprehensive income (loss)
  
14,459
   
(11,824
)
  
(1,388
)
  
1,247
 
Balance at December 31, 2014
 
$
(11,003
)
 
$
(31,617
)
 
$
136
  
$
(42,484
)