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Other Real Estate and Covered Other Real Estate | 9 Months Ended
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Sep. 30, 2012
Other Real Estate and Covered Other Real Estate [Abstract] |
Other Real Estate |
Note 7 – | Other Real Estate and Covered Other Real Estate
Other Real Estate, excluding Covered Other Real Estate Other real estate, excluding covered other real estate, is recorded at the lower of cost or estimated fair value less the estimated cost of disposition. Fair value is based on independent appraisals and other relevant factors. Valuation adjustments required at foreclosure are charged to the allowance for loan losses. At September 30, 2012, Trustmark's geographic loan distribution was concentrated primarily in its four key market regions, Florida, Mississippi, Tennessee and Texas. The ultimate recovery of a substantial portion of the carrying amount of other real estate, excluding covered other real estate, is susceptible to changes in market conditions in these areas. For the periods presented, changes and (losses) gains, net on other real estate, excluding covered other real estate, were as follows ($ in thousands):
|  | Nine Months Ended September 30, |
|  | 2012 |  |  | 2011 |
Balance at beginning of period |  | $ | 79,053 |  |  | $ | 86,704 |
Additions |  |  | 32,428 |  |  |  | 48,975 |
Disposals |  |  | (24,248 | ) |  |  | (35,234 | )
Writedowns |  |  | (4,758 | ) |  |  | (10,848 | )
Balance at end of period |  | $ | 82,475 |  |  | $ | 89,597 |
(Loss) gain, net on the sale of other real estate, excluding covered othe real estate included in ORE/Foreclosure expenses |  | $ | (175 | ) |  | $ | 474 |
Other real estate, excluding covered other real estate, by type of property consisted of the following for the periods presented ($ in thousands):
|  | September 30, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
Construction, land development and other land properties |  | $ | 52,356 |  |  | $ | 53,834 |
1-4 family residential properties |  |  | 8,251 |  |  |  | 10,557 |
Nonfarm, nonresidential properties |  |  | 21,530 |  |  |  | 13,883 |
Other real estate properties |  |  | 338 |  |  |  | 779 |
Total other real estate, excluding covered other real estate |  | $ | 82,475 |  |  | $ | 79,053 |
Other real estate, excluding covered other real estate, by geographic location consisted of the following for the periods presented ($ in thousands):
|  | September 30, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
Florida |  | $ | 22,340 |  |  | $ | 29,963 |
Mississippi (1) |  |  | 27,113 |  |  |  | 19,483 |
Tennessee (2) |  |  | 18,545 |  |  |  | 16,879 |
Texas |  |  | 14,477 |  |  |  | 12,728 |
Total other real estate, excluding covered other real estate |  | $ | 82,475 |  |  | $ | 79,053 |
(1) | - Mississippi includes Central and Southern Mississippi Regions
(2) | - Tennessee includes Memphis, Tennessee and Northern Mississippi Regions
Covered Other Real Estate Covered other real estate was initially recorded at its estimated fair value on the acquisition date based on an independent appraisal less estimated selling costs. Any subsequent valuation adjustments due to declines in fair value are charged to noninterest expense, and are mostly offset by noninterest income representing the corresponding increase to the FDIC indemnification asset for the offsetting loss reimbursement amount. Any recoveries of previous valuation adjustments will be credited to noninterest expense with a corresponding charge to noninterest income for the portion of the recovery that is due to the FDIC. As of the date of the Heritage acquisition, TNB acquired $7.5 million in covered other real estate. For the nine months ended September 30, 2012, changes and gains, net on covered other real estate were as follows ($ in thousands):
Balance at January 1, 2012 |  | $ | 6,331 |
Transfers from covered loans |  |  | 1,424 |
FASB ASC 310-30 adjustment for the residual recorded investment |  |  | (112 | )
Net transfers from covered loans |  |  | 1,312 |
Disposals |  |  | (1,673 | )
Writedowns |  |  | (248 | )
Balance at September 30, 2012 |  | $ | 5,722 |
Gain, net on the sale of covered other real estate included in ORE/Foreclosure expenses |  | $ | 440 |
Covered other real estate by type of property consisted of the following for the periods presented ($ in thousands):
|  | September 30, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
Construction, land development and other land properties |  | $ | 1,284 |  |  | $ | 1,304 |
1-4 family residential properties |  |  | 1,293 |  |  |  | 889 |
Nonfarm, nonresidential properties |  |  | 3,145 |  |  |  | 4,022 |
Other real estate properties |  |  | - |  |  |  | 116 |
Total covered other real estate |  | $ | 5,722 |  |  | $ | 6,331 |

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- Definition Entire disclosure for other real estate and covered other real estate. + References No definition available. + Details
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Namespace Prefix: | trmk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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- Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration