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Contingencies (Tables)
 9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Summary of Changes in ACL on Off-balance Sheet Credit Exposures

Changes in the ACL on off-balance sheet credit exposures were as follows for the periods presented ($ in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

33,733

 

 

$

42,663

 

 

$

38,572

 

 

$

—

 

FASB ASU 2016-13 adoption adjustment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

29,638

 

PCL, off-balance sheet credit exposures (1)

 

 

(1,049

)

 

 

(3,004

)

 

 

(5,888

)

 

 

10,021

 

Balance at end of period

 

$

32,684

 

 

$

39,659

 

 

$

32,684

 

 

$

39,659

 

 

(1)
During the second quarter of 2021, Trustmark reclassified its credit loss expense related to off-balance sheet credit exposures from noninterest expense to PCL, off-balance sheet credit exposures. Prior periods have been reclassified accordingly.