XML 77 R17.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Goodwill and Identifiable Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2014
Goodwill and Identifiable Intangible Assets [Abstract] |
Goodwill and Identifiable Intangible Assets | Note 9 – Goodwill and Identifiable Intangible Assets Goodwill The table below illustrates goodwill by segment for the years ended December 31, 2014 and 2013 ($ in thousands):
|  | General |  |  |  |  |  |  |
|  | Banking |  |  | Insurance |  |  | Total |
Balance as of January 1, 2013 |  | $ | 246,736 |  |  | $ | 44,368 |  |  | $ | 291,104 |
Goodwill from acquisitions during 2013 |  |  | 81,747 |  |  |  | - |  |  |  | 81,747 |
Balance as of December 31, 2013 |  |  | 328,483 |  |  |  | 44,368 |  |  |  | 372,851 |
Measurement period adjustment during 2014 |  |  | (7,351 | ) |  |  | - |  |  |  | (7,351 | )
Balance as of December 31, 2014 |  | $ | 321,132 |  |  | $ | 44,368 |  |  | $ | 365,500 |
Trustmark's General Banking segment delivers a full range of banking services to consumer, corporate, small and middle-market businesses through its extensive branch network. During 2013, Trustmark recorded as goodwill $81.6 million from its merger with BancTrust and $150 thousand from its acquisition of two SOUTHBank branches. During 2014, Trustmark recorded a measurement period adjustment that decreased goodwill $7.4 million as a result of fair value adjustments to BancTrust’s assets and liabilities. The Insurance segment includes TNB’s wholly-owned retail insurance subsidiary that offers a diverse mix of insurance products and services. Trustmark performed an impairment test of goodwill of reporting units in both the General Banking and Insurance segments during 2014, 2013 and 2012, which indicated that no impairment charge was required. Based on this analysis, Trustmark concluded that no impairment charge was required. Identifiable Intangible Assets At December 31, 2014 and 2013, identifiable intangible assets consisted of the following ($ in thousands):
|  | 2014 |  |  | 2013 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Core deposit intangibles |  | $ | 85,824 |  |  | $ | 54,464 |  |  | $ | 31,360 |  |  | $ | 85,824 |  |  | $ | 46,437 |  |  | $ | 39,387 |
Insurance intangibles |  |  | 11,693 |  |  |  | 10,566 |  |  |  | 1,127 |  |  |  | 11,693 |  |  |  | 9,967 |  |  |  | 1,726 |
Banking charters |  |  | 1,325 |  |  |  | 745 |  |  |  | 580 |  |  |  | 1,325 |  |  |  | 678 |  |  |  | 647 |
Borrower relationship intangible |  |  | 690 |  |  |  | 523 |  |  |  | 167 |  |  |  | 690 |  |  |  | 460 |  |  |  | 230 |
Total |  | $ | 99,532 |  |  | $ | 66,298 |  |  | $ | 33,234 |  |  | $ | 99,532 |  |  | $ | 57,542 |  |  | $ | 41,990 |
In both 2014 and 2013, Trustmark recorded $8.8 million of amortization of identifiable intangible assets and recorded $3.8 million in 2012. Trustmark estimates that amortization expense for identifiable intangible assets will be $7.6 million in 2015, $6.7 million in 2016, $5.7 million in 2017, $4.8 million in 2018 and $3.6 million in 2019. Fully amortized intangibles are excluded from the table above. Trustmark continually evaluates whether events and circumstances have occurred that indicate that identifiable intangible assets have become impaired. Measurement of any impairment of such identifiable intangible assets is based on the fair values of those assets. There were no impairment losses on identifiable intangible assets recorded during 2014, 2013 or 2012. The following table illustrates the carrying amounts and remaining weighted-average amortization periods of identifiable intangible assets as of December 31, 2014 ($ in thousands):
|  |  |  |  | Remaining |
|  |  |  |  | Weighted- |
|  |  |  |  | Average |
|  | Net Carrying |  |  | Amortization |
|  | Amount |  |  | Period in Years |
Core deposit intangibles |  | $ | 31,360 |  |  |  | 7.5 |
Insurance intangibles |  |  | 1,127 |  |  |  | 4.9 |
Banking charters |  |  | 580 |  |  |  | 8.7 |
Borrower relationship intangible |  |  | 167 |  |  |  | 2.7 |
Total |  | $ | 33,234 |  |  |  | 7.4 |

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

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration