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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

The following tables present noninterest income disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):

 

 

Three Months Ended September 30, 2021

 

 

Three Months Ended September 30, 2020

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

8,893

 

 

$

 

 

$

8,893

 

 

$

7,557

 

 

$

 

 

$

7,557

 

Bank card and other fees

 

 

7,561

 

 

 

979

 

 

 

8,540

 

 

 

7,019

 

 

 

1,817

 

 

 

8,836

 

Mortgage banking, net

 

 

 

 

 

14,004

 

 

 

14,004

 

 

 

 

 

 

36,439

 

 

 

36,439

 

Wealth management

 

 

13

 

 

 

 

 

 

13

 

 

 

54

 

 

 

 

 

 

54

 

Other, net

 

 

1,826

 

 

 

(413

)

 

 

1,413

 

 

 

1,496

 

 

 

40

 

 

 

1,536

 

Total noninterest income

 

$

18,293

 

 

$

14,570

 

 

$

32,863

 

 

$

16,126

 

 

$

38,296

 

 

$

54,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

18

 

 

$

 

 

$

18

 

 

$

20

 

 

$

 

 

$

20

 

Bank card and other fees

 

 

9

 

 

 

 

 

 

9

 

 

 

7

 

 

 

 

 

 

7

 

Wealth management

 

 

9,058

 

 

 

 

 

 

9,058

 

 

 

7,625

 

 

 

 

 

 

7,625

 

Other, net

 

 

32

 

 

 

9

 

 

 

41

 

 

 

27

 

 

 

15

 

 

 

42

 

Total noninterest income

 

$

9,117

 

 

$

9

 

 

$

9,126

 

 

$

7,679

 

 

$

15

 

 

$

7,694

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

12,133

 

 

$

 

 

$

12,133

 

 

$

11,562

 

 

$

 

 

$

11,562

 

Other, net

 

 

27

 

 

 

 

 

 

27

 

 

 

23

 

 

 

 

 

 

23

 

Total noninterest income

 

$

12,160

 

 

$

 

 

$

12,160

 

 

$

11,585

 

 

$

 

 

$

11,585

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

8,911

 

 

$

 

 

$

8,911

 

 

$

7,577

 

 

$

 

 

$

7,577

 

Bank card and other fees

 

 

7,570

 

 

 

979

 

 

 

8,549

 

 

 

7,026

 

 

 

1,817

 

 

 

8,843

 

Mortgage banking, net

 

 

 

 

 

14,004

 

 

 

14,004

 

 

 

 

 

 

36,439

 

 

 

36,439

 

Insurance commissions

 

 

12,133

 

 

 

 

 

 

12,133

 

 

 

11,562

 

 

 

 

 

 

11,562

 

Wealth management

 

 

9,071

 

 

 

 

 

 

9,071

 

 

 

7,679

 

 

 

 

 

 

7,679

 

Other, net

 

 

1,885

 

 

 

(404

)

 

 

1,481

 

 

 

1,546

 

 

 

55

 

 

 

1,601

 

Total noninterest income

 

$

39,570

 

 

$

14,579

 

 

$

54,149

 

 

$

35,390

 

 

$

38,311

 

 

$

73,701

 

(1)
Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, accretion of the FDIC indemnification asset, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and security gains (losses), net.

 

 

 

Nine Months Ended September 30, 2021

 

 

Nine Months Ended September 30, 2020

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

23,822

 

 

$

 

 

$

23,822

 

 

$

23,949

 

 

$

 

 

$

23,949

 

Bank card and other fees

 

 

23,264

 

 

 

3,031

 

 

 

26,295

 

 

 

20,294

 

 

 

1,600

 

 

 

21,894

 

Mortgage banking, net

 

 

 

 

 

52,141

 

 

 

52,141

 

 

 

 

 

 

97,667

 

 

 

97,667

 

Wealth management

 

 

33

 

 

 

 

 

 

33

 

 

 

219

 

 

 

 

 

 

219

 

Other, net

 

 

4,913

 

 

 

478

 

 

 

5,391

 

 

 

4,614

 

 

 

1,306

 

 

 

5,920

 

Total noninterest income

 

$

52,032

 

 

$

55,650

 

 

$

107,682

 

 

$

49,076

 

 

$

100,573

 

 

$

149,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

58

 

 

$

 

 

$

58

 

 

$

57

 

 

$

 

 

$

57

 

Bank card and other fees

 

 

27

 

 

 

 

 

 

27

 

 

 

21

 

 

 

 

 

 

21

 

Wealth management

 

 

26,400

 

 

 

 

 

 

26,400

 

 

 

23,568

 

 

 

 

 

 

23,568

 

Other, net

 

 

99

 

 

 

25

 

 

 

124

 

 

 

77

 

 

 

37

 

 

 

114

 

Total noninterest income

 

$

26,584

 

 

$

25

 

 

$

26,609

 

 

$

23,723

 

 

$

37

 

 

$

23,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

36,795

 

 

$

 

 

$

36,795

 

 

$

34,980

 

 

$

 

 

$

34,980

 

Other, net

 

 

57

 

 

 

 

 

 

57

 

 

 

87

 

 

 

 

 

 

87

 

Total noninterest income

 

$

36,852

 

 

$

 

 

$

36,852

 

 

$

35,067

 

 

$

 

 

$

35,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

23,880

 

 

$

 

 

$

23,880

 

 

$

24,006

 

 

$

 

 

$

24,006

 

Bank card and other fees

 

 

23,291

 

 

 

3,031

 

 

 

26,322

 

 

 

20,315

 

 

 

1,600

 

 

 

21,915

 

Mortgage banking, net

 

 

 

 

 

52,141

 

 

 

52,141

 

 

 

 

 

 

97,667

 

 

 

97,667

 

Insurance commissions

 

 

36,795

 

 

 

 

 

 

36,795

 

 

 

34,980

 

 

 

 

 

 

34,980

 

Wealth management

 

 

26,433

 

 

 

 

 

 

26,433

 

 

 

23,787

 

 

 

 

 

 

23,787

 

Other, net

 

 

5,069

 

 

 

503

 

 

 

5,572

 

 

 

4,778

 

 

 

1,343

 

 

 

6,121

 

Total noninterest income

 

$

115,468

 

 

$

55,675

 

 

$

171,143

 

 

$

107,866

 

 

$

100,610

 

 

$

208,476

 

(1)
Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, accretion of the FDIC indemnification asset, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and security gains (losses), net.