Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

The following tables disclose the fair value of derivative instruments in Trustmark’s balance sheets as of March 31, 2016 and December 31, 2015 as well as the effect of these derivative instruments on Trustmark’s results of operations for the periods presented ($ in thousands):

	March 31, 2016			December 31, 2015
Derivatives in hedging relationships
Interest rate contracts:
Interest rate swaps included in other assets	$	(1,427	)	$	(259	)

Derivatives not designated as hedging instruments
Interest rate contracts:
Futures contracts included in other assets	$	(34	)	$	(207	)
Exchange traded purchased options included in other assets		733			58
OTC written options (rate locks) included in other assets		3,284			1,113
Interest rate swaps included in other assets		6,004			2,888
Credit risk participation agreements included in other assets		31			18
Forward contracts included in other liabilities		2,049			(262	)
Exchange traded written options included in other liabilities		151			1,220
Interest rate swaps included in other liabilities		6,128			2,954
Credit risk participation agreements included in other liabilities		25			17

Effects of Derivative Instruments on Statements of Operations

	Three Months Ended March 31,
	2016			2015
Derivatives in hedging relationships
Amount of loss reclassified from accumulated other comprehensive loss and recognized in other interest expense	$	(160	)	$	(211	)

Derivatives not designated as hedging instruments
Amount of gain recognized in mortgage banking, net	$	7,139		$	4,550
Amount of loss recognized in bank card and other fees		(58	)		(84	)

Schedule of Amount Included in Other Comprehensive Income for Derivative Instruments Designated as Hedges of Cash Flows

The following table discloses the amount included in other comprehensive income for derivative instruments designated as cash flow hedges for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2016			2015
Derivatives in cash flow hedging relationship
Amount of loss recognized in other comprehensive income	$	(820	)	$	(608	)

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 March 31, 2016 and December 31, 2015 is presented in the following tables ($ in thousands):

Offsetting of Derivative Assets
As of March 31, 2016
							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	$	4,577	$	—	$	4,577	$	—	$	—	$	4,577

Offsetting of Derivative Liabilities
As of March 31, 2016
							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	$	6,128	$	—	$	6,128	$	—	$	(3,901	)	$	2,227

Offsetting of Derivative Assets
As of December 31, 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	$	2,629	$	—	$	2,629	$	—	$	—	$	2,629

Offsetting of Derivative Liabilities
As of December 31, 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	$	2,954	$	—	$	2,954	$	—	$	(1,195	)	$	1,759