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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 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 of December 31, 2014 and 2013 as well as the effect of these derivative instruments on Trustmark’s results of operations for the years ended December 31, 2014, 2013 and 2012 ($ in thousands):

  
December 31, 2014
  
December 31, 2013
 
Derivatives in hedging relationships
    
Interest rate contracts:
    
Interest rate swaps included in other assets
 
$
221
  
$
2,469
 
Forward contracts included in other liabilities (1)
  
-
   
(1,911
)
         
Derivatives not designated as hedging instruments
        
Interest rate contracts:
        
Futures contracts included in other assets
 
$
928
  
$
(2,662
)
Exchange traded purchased options included in other assets
  
253
   
83
 
OTC written options (rate locks) included in other assets
  
1,299
   
126
 
Interest rate swaps included in other assets
  
2,804
   
4,962
 
Credit risk participation agreements included in other assets
  
22
   
16
 
Forward contracts included in other liabilities (1)
  
1,014
   
-
 
Exchange traded written options included in other liabilities
  
490
   
581
 
Interest rate swaps included in other liabilities
  
2,813
   
4,628
 
Credit risk participation agreements included in other liabilities
  
21
   
-
 

(1)
At December 31, 2014, forward contracts were no longer designated as hedging.
Effects of derivative instruments on statements of operations
  
Years ended December 31,
 
  
2014
  
2013
  
2012
 
Derivatives in hedging relationships
      
Amount of loss reclassified from accumulated other
comprehensive (loss) income and recognized in other interest expense
 
$
(2
)
 
$
-
  
$
-
 
Amount of (loss) gain recognized in mortgage banking, net
  
(2,534
)
  
2,649
   
1,479
 
             
Derivatives not designated as hedging instruments
            
Amount of gain (loss) recognized in mortgage banking, net
 
$
11,038
  
$
(10,459
)
 
$
7,585
 
Amount of (loss) gain recognized in bankcard and other fees
  
(223
)
  
290
   
(82
)
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 years ended December 31, 2014, 2013 and 2012 ($ in thousands):

  
Years Ended December 31,
 
  
2014
  
2013
  
2012
 
Derivatives in cash flow hedging relationship
      
Amount of (loss) gain recognized in other comprehensive income (loss)
 
$
(1,387
)
 
$
1,524
  
$
-
 
Information about financial instruments that are eligible for offset in the consolidated balance sheets
Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements.  Information about financial instruments that are eligible for offset in the consolidated balance sheets as of December 31, 2014 and 2013 is presented in the following tables ($ in thousands):

Offsetting of Derivative Assets
As of December 31, 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
 
$
3,025
  
$
-
  
$
3,025
  
$
(347
)
 
$
-
  
$
2,678
 

Offsetting of Derivative Liabilities
As of December 31, 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
 
$
2,813
  
$
-
  
$
2,813
  
$
(347
)
 
$
-
  
$
2,466
 

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