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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2017
Stockholders Equity Note [Abstract]  
Table of Actual Regulatory Capital Amounts and Ratios

The following table provides Trustmark’s and TNB’s actual regulatory capital amounts and ratios under regulatory capital standards in effect at March 31, 2017 and December 31, 2016 ($ in thousands):

 

 

Actual

 

 

 

 

 

 

 

 

 

 

 

Regulatory Capital

 

 

Minimum

 

 

To Be Well

 

 

 

Amount

 

 

Ratio

 

 

Requirement

 

 

Capitalized

 

At March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,223,078

 

 

 

12.19

%

 

 

5.750

%

 

n/a

 

Trustmark National Bank

 

 

1,266,309

 

 

 

12.63

%

 

 

5.750

%

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,282,919

 

 

 

12.79

%

 

 

7.250

%

 

n/a

 

Trustmark National Bank

 

 

1,266,309

 

 

 

12.63

%

 

 

7.250

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,365,370

 

 

 

13.61

%

 

 

9.250

%

 

n/a

 

Trustmark National Bank

 

 

1,348,760

 

 

 

13.45

%

 

 

9.250

%

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage (to Average Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,282,919

 

 

 

9.86

%

 

 

4.00

%

 

n/a

 

Trustmark National Bank

 

 

1,266,309

 

 

 

9.75

%

 

 

4.00

%

 

 

5.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,209,927

 

 

 

12.16

%

 

 

5.125

%

 

n/a

 

Trustmark National Bank

 

 

1,251,329

 

 

 

12.58

%

 

 

5.125

%

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,269,660

 

 

 

12.76

%

 

 

6.625

%

 

n/a

 

Trustmark National Bank

 

 

1,251,329

 

 

 

12.58

%

 

 

6.625

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,352,322

 

 

 

13.59

%

 

 

8.625

%

 

n/a

 

Trustmark National Bank

 

 

1,333,991

 

 

 

13.41

%

 

 

8.625

%

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage (to Average Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,269,660

 

 

 

9.90

%

 

 

4.00

%

 

n/a

 

Trustmark National Bank

 

 

1,251,329

 

 

 

9.77

%

 

 

4.00

%

 

 

5.00

%

 
Components of Accumulated Other Comprehensive Income (Loss) and the Related Tax Effects

 

 

Three Months Ended March 31, 2017

 

 

Three Months Ended March 31, 2016

 

 

 

Before Tax

Amount

 

 

Tax (Expense)

Benefit

 

 

Net of Tax

Amount

 

 

Before Tax

Amount

 

 

Tax (Expense)

Benefit

 

 

Net of Tax

Amount

 

Securities available for sale and transferred securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains arising during

   the period

 

$

2,285

 

 

$

(874

)

 

$

1,411

 

 

$

35,343

 

 

$

(13,518

)

 

$

21,825

 

Reclassification adjustment for net losses realized

   in net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

310

 

 

 

(119

)

 

 

191

 

Change in net unrealized holding loss on

   securities transferred to held to maturity

 

 

1,232

 

 

 

(471

)

 

 

761

 

 

 

2,724

 

 

 

(1,042

)

 

 

1,682

 

Total securities available for sale

   and transferred securities

 

 

3,517

 

 

 

(1,345

)

 

 

2,172

 

 

 

38,377

 

 

 

(14,679

)

 

 

23,698

 

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in prior service costs

 

 

63

 

 

 

(24

)

 

 

39

 

 

 

62

 

 

 

(24

)

 

 

38

 

Recognized net loss due to lump sum settlements

 

 

—

 

 

 

—

 

 

 

—

 

 

 

423

 

 

 

(162

)

 

 

261

 

Change in net actuarial loss

 

 

787

 

 

 

(301

)

 

 

486

 

 

 

882

 

 

 

(337

)

 

 

545

 

Total pension and other postretirement benefit plans

 

 

850

 

 

 

(325

)

 

 

525

 

 

 

1,367

 

 

 

(523

)

 

 

844

 

Cash flow hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated gain (loss) on effective cash flow

   hedge derivatives

 

 

57

 

 

 

(22

)

 

 

35

 

 

 

(1,328

)

 

 

508

 

 

 

(820

)

Reclassification adjustment for loss realized

   in net income

 

 

99

 

 

 

(38

)

 

 

61

 

 

 

160

 

 

 

(61

)

 

 

99

 

Total cash flow hedge derivatives

 

 

156

 

 

 

(60

)

 

 

96

 

 

 

(1,168

)

 

 

447

 

 

 

(721

)

Total other comprehensive income

 

$

4,523

 

 

$

(1,730

)

 

$

2,793

 

 

$

38,576

 

 

$

(14,755

)

 

$

23,821

 

 
Components of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in the balances of each component of accumulated other comprehensive loss for the periods presented ($ 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, 2017

 

$

(20,800

)

 

$

(24,980

)

 

$

(18

)

 

$

(45,798

)

Other comprehensive income before reclassification

 

 

2,172

 

 

 

—

 

 

 

35

 

 

 

2,207

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

—

 

 

 

525

 

 

 

61

 

 

 

586

 

Net other comprehensive income

 

 

2,172

 

 

 

525

 

 

 

96

 

 

 

2,793

 

Balance at March 31, 2017

 

$

(18,628

)

 

$

(24,455

)

 

$

78

 

 

$

(43,005

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2016

 

$

(17,394

)

 

$

(27,840

)

 

$

(160

)

 

$

(45,394

)

Other comprehensive income (loss) before reclassification

 

 

23,507

 

 

 

—

 

 

 

(820

)

 

 

22,687

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

191

 

 

 

844

 

 

 

99

 

 

 

1,134

 

Net other comprehensive income (loss)

 

 

23,698

 

 

 

844

 

 

 

(721

)

 

 

23,821

 

Balance at March 31, 2016

 

$

6,304

 

 

$

(26,996

)

 

$

(881

)

 

$

(21,573

)