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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018 ($ in thousands):

 

 

Actual

 

 

 

 

 

 

 

 

 

 

 

Regulatory Capital

 

 

Minimum

 

 

To Be Well

 

 

 

Amount

 

 

Ratio

 

 

Requirement

 

 

Capitalized

 

At March 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,253,096

 

 

 

11.88

%

 

 

7.000

%

 

n/a

 

Trustmark National Bank

 

 

1,294,212

 

 

 

12.27

%

 

 

7.000

%

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,313,096

 

 

 

12.45

%

 

 

8.500

%

 

n/a

 

Trustmark National Bank

 

 

1,294,212

 

 

 

12.27

%

 

 

8.500

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,393,398

 

 

 

13.21

%

 

 

10.500

%

 

n/a

 

Trustmark National Bank

 

 

1,374,514

 

 

 

13.03

%

 

 

10.500

%

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage (to Average Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,313,096

 

 

 

10.05

%

 

 

4.00

%

 

n/a

 

Trustmark National Bank

 

 

1,294,212

 

 

 

9.92

%

 

 

4.00

%

 

 

5.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,271,538

 

 

 

11.77

%

 

 

6.375

%

 

n/a

 

Trustmark National Bank

 

 

1,311,548

 

 

 

12.14

%

 

 

6.375

%

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,331,538

 

 

 

12.33

%

 

 

7.875

%

 

n/a

 

Trustmark National Bank

 

 

1,311,548

 

 

 

12.14

%

 

 

7.875

%

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,412,059

 

 

 

13.07

%

 

 

9.875

%

 

n/a

 

Trustmark National Bank

 

 

1,392,069

 

 

 

12.89

%

 

 

9.875

%

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage (to Average Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trustmark Corporation

 

$

1,331,538

 

 

 

10.26

%

 

 

4.00

%

 

n/a

 

Trustmark National Bank

 

 

1,311,548

 

 

 

10.13

%

 

 

4.00

%

 

 

5.00

%

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

 

 

 

Three Months Ended March 31, 2019

 

 

Three Months Ended March 31, 2018

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized holding gains (losses) arising

   during the period

 

$

18,824

 

 

$

(4,706

)

 

$

14,118

 

 

$

(28,039

)

 

$

7,009

 

 

$

(21,030

)

Change in net unrealized holding loss on

   securities transferred to held to maturity

 

 

747

 

 

 

(187

)

 

 

560

 

 

 

965

 

 

 

(241

)

 

 

724

 

Total securities available for sale

   and transferred securities

 

 

19,571

 

 

 

(4,893

)

 

 

14,678

 

 

 

(27,074

)

 

 

6,768

 

 

 

(20,306

)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments for changes realized

   in net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in prior service costs

 

 

63

 

 

 

(16

)

 

 

47

 

 

 

63

 

 

 

(16

)

 

 

47

 

Recognized net loss due to lump sum

   settlements

 

 

31

 

 

 

(7

)

 

 

24

 

 

 

40

 

 

 

(9

)

 

 

31

 

Change in net actuarial loss

 

 

255

 

 

 

(65

)

 

 

190

 

 

 

368

 

 

 

(92

)

 

 

276

 

Total pension and other postretirement benefit

   plans

 

 

349

 

 

 

(88

)

 

 

261

 

 

 

471

 

 

 

(117

)

 

 

354

 

Cash flow hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated gain (loss) on effective

   cash flow hedge derivatives

 

 

(63

)

 

 

16

 

 

 

(47

)

 

 

427

 

 

 

(107

)

 

 

320

 

Reclassification adjustment for (gain) loss realized

   in net income

 

 

(171

)

 

 

43

 

 

 

(128

)

 

 

(6

)

 

 

1

 

 

 

(5

)

Total cash flow hedge derivatives

 

 

(234

)

 

 

59

 

 

 

(175

)

 

 

421

 

 

 

(106

)

 

 

315

 

Total other comprehensive income (loss)

 

$

19,686

 

 

$

(4,922

)

 

$

14,764

 

 

$

(26,182

)

 

$

6,545

 

 

$

(19,637

)
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, 2019

 

$

(43,824

)

 

$

(12,324

)

 

$

469

 

 

$

(55,679

)

Other comprehensive income (loss) before reclassification

 

 

14,678

 

 

 

—

 

 

 

(47

)

 

 

14,631

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

—

 

 

 

261

 

 

 

(128

)

 

 

133

 

Net other comprehensive income (loss)

 

 

14,678

 

 

 

261

 

 

 

(175

)

 

 

14,764

 

Balance at March 31, 2019

 

$

(29,146

)

 

$

(12,063

)

 

$

294

 

 

$

(40,915

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2018

 

$

(26,535

)

 

$

(13,468

)

 

$

278

 

 

$

(39,725

)

Other comprehensive income (loss) before reclassification

 

 

(20,306

)

 

 

—

 

 

 

320

 

 

 

(19,986

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

—

 

 

 

354

 

 

 

(5

)

 

 

349

 

Net other comprehensive income (loss)

 

 

(20,306

)

 

 

354

 

 

 

315

 

 

 

(19,637

)

Reclassification of certain income tax effects related to the change

   in the federal statutory income tax rate under the Tax Reform Act

 

 

(5,694

)

 

 

(2,890

)

 

 

60

 

 

 

(8,524

)

Balance at March 31, 2018

 

$

(52,535

)

 

$

(16,004

)

 

$

653

 

 

$

(67,886

)