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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2015
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 September 30, 2015 and December 31, 2014 as well as the effect of these derivative instruments on Trustmark’s results of operations for the periods presented ($ in thousands):

  
September 30, 2015
  
December 31, 2014
 
Derivatives in hedging relationships
    
Interest rate contracts:
    
Interest rate swaps included in other assets
 
$
(1,066
)
 
$
221
 
         
Derivatives not designated as hedging instruments
        
Interest rate contracts:
        
Futures contracts included in other assets
 
$
1,343
  
$
928
 
Exchange traded purchased options included in other assets
  
450
   
253
 
OTC written options (rate locks) included in other assets
  
2,706
   
1,299
 
Interest rate swaps included in other assets
  
4,385
   
2,804
 
Credit risk participation agreements included in other assets
  
28
   
22
 
Forward contracts included in other liabilities
  
2,483
   
1,014
 
Exchange traded written options included in other liabilities
  
301
   
490
 
Interest rate swaps included in other liabilities
  
4,496
   
2,813
 
Credit risk participation agreements included in other liabilities
  
25
   
21
 
Effects of derivative instruments on statements of operations
  
Three Months Ended September 30,
  
Nine Months Ended September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Derivatives in hedging relationships
        
Amount of loss recognized from accumulated other
comprehensive loss and recognized in other interest expense
 
$
(211
)
 
$
-
  
$
(632
)
 
$
-
 
Amount of gain (loss) recognized in mortgage banking, net
  
-
   
1,765
   
-
   
(2,534
)
                 
Derivatives not designated as hedging instruments
                
Amount of gain (loss) recognized in mortgage banking, net
 
$
1,265
  
$
(986
)
 
$
4,221
  
$
7,267
 
Amount of (loss) gain recognized in bank card and other fees
  
(128
)
  
3
   
(94
)
  
(239
)
Schedule of amount included in other comprehensive income (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,
 
  
2015
  
2014
  
2015
  
2014
 
Derivatives in cash flow hedging relationship
        
Amount of (loss) gain recognized in other comprehensive income
 
$
(751
)
 
$
163
  
$
(1,185
)
 
$
(807
)
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, 2015 and December 31, 2014 is presented in the following tables ($ in thousands):
 
Offsetting of Derivative Assets
As of September 30, 2015
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
$
3,319
$
-
$
3,319
$
-
$
-
$
3,319

Offsetting of Derivative Liabilities
As of September 30, 2015
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
$
4,496
$
-
$
4,496
$
-
$
(2,092
)
$
2,404
 
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