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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Interest and fees on LHFS & LHFI $ 363,772 $ 390,803 $ 440,156
Interest and fees on PPP loans 36,726 26,643  
Interest and fees on acquired loans [1]     8,373
Interest on securities:      
Taxable 38,698 48,250 54,649
Tax exempt 548 1,079 1,711
Interest on federal funds sold and securities purchased under reverse repurchase agreements   1 240
Other interest income 2,767 1,559 5,363
Total Interest Income 442,511 468,335 510,492
Interest Expense      
Interest on deposits 16,945 37,487 79,171
Interest on federal funds purchased and securities sold under repurchase agreements 232 755 1,420
Other interest expense 6,983 3,556 3,312
Total Interest Expense 24,160 41,798 83,903
Net Interest Income 418,351 426,537 426,589
PCL, LHFI [1] (21,499) 36,113 10,797
PCL, off-balance sheet credit exposures [2] (2,949) 8,934  
Provision for loan losses, acquired loans [1]     42
Net Interest Income After PCL 442,799 381,490 415,750
Noninterest Income      
Service charges on deposit accounts 33,246 32,289 42,603
Bank card and other fees 34,662 31,022 31,736
Mortgage banking, net 63,750 125,822 29,822
Insurance commissions 48,511 45,176 42,396
Wealth management 35,190 31,625 30,679
Other, net 6,551 8,659 9,809
Total Noninterest Income 221,910 274,593 187,045
Noninterest Expense      
Salaries and employee benefits [2] 284,158 272,257 247,717
Services and fees [2] 89,463 83,816 73,315
Net occupancy - premises [2] 27,043 26,489 26,149
Equipment expense [2] 24,337 23,277 23,733
Other real estate expense, net [2] 3,528 1,956 3,906
Other expense [2] 60,767 58,506 54,182
Total Noninterest Expense [2],[3] 489,296 466,301 429,002
Income Before Income Taxes 175,413 189,782 173,793
Income taxes 28,048 29,757 23,333
Net Income $ 147,365 $ 160,025 $ 150,460
Earnings Per Share      
Basic $ 2.35 $ 2.52 $ 2.33
Diluted $ 2.34 $ 2.51 $ 2.32
[1] Effective January 1, 2020, Trustmark adopted FASB ASU 2016-13 using the modified retrospective approach. Therefore, prior period balances are presented under legacy GAAP and may not be comparable to current period presentation.
[2] During 2021, Trustmark reclassified its credit loss expense on off-balance sheet credit exposures from noninterest expense to PCL, off-balance sheet credit exposures. Prior periods have been reclassified accordingly.
[3] During 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.