Other Real Estate

6 Months Ended

Jun. 30, 2022

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Other Real Estate

Note 5 – Other Real Estate

At June 30, 2022, Trustmark’s geographic other real estate distribution was primarily concentrated in its Mississippi market region. The ultimate recovery of a substantial portion of the carrying amount of other real estate is susceptible to changes in market conditions in this area.

For the periods presented, changes and gains (losses), net on other real estate were as follows ($ in thousands):

	Six Months Ended June 30,
	2022			2021
Balance at beginning of period	$	4,557		$	11,651
Additions		456			382
Disposals		(1,868	)		(1,149	)
(Write-downs) recoveries		(111	)		(1,445	)
Balance at end of period	$	3,034		$	9,439
Gains (losses), net on the sale of other real estate included in    other real estate expense	$	(455	)	$	18

At June 30, 2022 and December 31, 2021, other real estate by type of property consisted of the following ($ in thousands):

	June 30, 2022		December 31, 2021
1-4 family residential properties	$	560	$	94
Nonfarm, nonresidential properties		2,474		4,463
Total other real estate	$	3,034	$	4,557

At June 30, 2022 and December 31, 2021, other real estate by geographic location consisted of the following ($ in thousands):

	June 30, 2022		December 31, 2021
Alabama	$	84	$	—
Mississippi (1)		2,950		4,557
Total other real estate	$	3,034	$	4,557

(1)Mississippi includes Central and Southern Mississippi Regions.

At June 30, 2022, the balance of other real estate included $560 thousand of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property compared to $94 thousand at December 31, 2021. At June 30, 2022 and December 31, 2021, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $1.7 million and $1.2 million, respectively.