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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on LHFS & LHFI $ 90,275 $ 90,561
Interest and fees on PPP loans 168 9,241
Interest on securities:    
Taxable 12,357 8,938
Tax exempt 96 229
Other interest income 817 503
Total Interest Income 103,713 109,472
Interest Expense    
Interest on deposits 2,760 5,223
Interest on federal funds purchased and securities sold under repurchase agreements 70 56
Other interest expense 1,539 1,857
Total Interest Expense 4,369 7,136
Net Interest Income 99,344 102,336
Provision for credit losses (PCL), LHFI (860) (10,501)
PCL, off-balance sheet credit exposures [1],[2] (1,106) (9,367)
Net Interest Income After PCL 101,310 122,204
Noninterest Income    
Service charges on deposit accounts 9,451 7,356
Bank card and other fees 8,442 9,472
Mortgage banking, net 9,873 20,804
Insurance commissions 14,089 12,445
Wealth management 9,054 8,416
Other, net 3,206 2,090
Total Noninterest Income 54,115 60,583
Noninterest Expense    
Salaries and employee benefits 69,585 71,162
Services and fees 24,453 22,484
Net occupancy - premises 7,079 6,795
Equipment expense 6,061 6,244
Other expense [3] 14,341 14,863
Total Noninterest Expense [2],[4] 121,519 121,548
Income before income taxes 33,906 61,239
Income taxes 4,695 9,277
Net Income $ 29,211 $ 51,962
Earnings Per Share    
Basic $ 0.47 $ 0.82
Diluted $ 0.47 $ 0.82
[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.
[2] During the second quarter of 2021, Trustmark reclassified its credit loss expense on off-balance sheet credit exposures from noninterest expense to PCL, off-balance sheet credit exposures. The prior period has been reclassified accordingly.
[3] During the first quarter of 2022, Trustmark reclassified its other real estate expense, net to other expense. The prior period has been reclassified accordingly.
[4] 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.