Loans Held for Investment (LHFI) and Allowance for Loan Losses, LHFI (Tables)

6 Months Ended

Jun. 30, 2022

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Loan Portfolio Held for Investment

At June 30, 2022 and December 31, 2021, LHFI consisted of the following ($ in thousands):

	June 30, 2022		December 31, 2021
Loans secured by real estate:
Construction, land development and other land	$	664,817	$	596,968
Other secured by 1-4 family residential properties		540,950		517,683
Secured by nonfarm, nonresidential properties		3,178,079		2,977,084
Other real estate secured		555,311		726,043
Other loans secured by real estate:
Other construction		775,241		711,813
Secured by 1-4 family residential properties		1,884,012		1,460,310
Commercial and industrial loans		1,551,001		1,414,279
Consumer loans		164,001		162,555
State and other political subdivision loans		1,110,795		1,146,251
Other commercial loans		520,633		534,843
LHFI		10,944,840		10,247,829
Less ACL		103,140		99,457
Net LHFI	$	10,841,700	$	10,148,372

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status

The following tables provide the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more still accruing interest at June 30, 2022 and December 31, 2021 ($ in thousands):

	June 30, 2022
	Nonaccrual With No ACL		Total Nonaccrual		Loans Past Due 90 Days or More Still Accruing
Loans secured by real estate:
Construction, land development and other land	$	146	$	4,399	$	—
Other secured by 1-4 family residential properties		493		3,547		644
Secured by nonfarm, nonresidential properties		9,580		11,668		—
Other real estate secured		—		782		—
Other loans secured by real estate:
Other construction		—		7,620		—
Secured by 1-4 family residential properties		1,274		13,618		449
Commercial and industrial loans		421		16,869		50
Consumer loans		—		126		204
State and other political subdivision loans		—		3,196		—
Other commercial loans		—		227		—
Total	$	11,914	$	62,052	$	1,347

	December 31, 2021
	Nonaccrual With No ACL		Total Nonaccrual		Loans Past Due 90 Days or More Still Accruing
Loans secured by real estate:
Construction, land development and other land	$	4,784	$	5,878	$	7
Other secured by 1-4 family residential properties		1,319		3,418		148
Secured by nonfarm, nonresidential properties		10,842		12,508		—
Other real estate secured		56		150		—
Other loans secured by real estate:
Other construction		—		—		—
Secured by 1-4 family residential properties		—		12,775		1,655
Commercial and industrial loans		1,363		19,328		—
Consumer loans		—		117		304
State and other political subdivision loans		—		3,664		—
Other commercial loans		4,405		4,860		—
Total	$	22,769	$	62,698	$	2,114

Aging Analysis of Past Due and Nonaccrual LHFI by Loan Type

The following tables provide an aging analysis of the amortized cost basis of past due LHFI (including nonaccrual LHFI) at June 30, 2022 and December 31, 2021 ($ in thousands):

	June 30, 2022
	Past Due
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total LHFI
Loans secured by real estate:
Construction, land development and    other land	$	581	$	164	$	47	$	792	$	664,025	$	664,817
Other secured by 1-4 family residential    properties		2,530		368		1,060		3,958		536,992		540,950
Secured by nonfarm, nonresidential    properties		4,923		3,713		419		9,055		3,169,024		3,178,079
Other real estate secured		196		7		—		203		555,108		555,311
Other loans secured by real estate:
Other construction		—		—		—		—		775,241		775,241
Secured by 1-4 family residential properties		3,384		2,605		4,630		10,619		1,873,393		1,884,012
Commercial and industrial loans		994		264		269		1,527		1,549,474		1,551,001
Consumer loans		966		247		204		1,417		162,584		164,001
State and other political subdivision loans		—		—		177		177		1,110,618		1,110,795
Other commercial loans		200		40		59		299		520,334		520,633
Total	$	13,774	$	7,408	$	6,865	$	28,047	$	10,916,793	$	10,944,840

	December 31, 2021
	Past Due
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total LHFI
Loans secured by real estate:
Construction, land development and    other land	$	323	$	11	$	5,241	$	5,575	$	591,393	$	596,968
Other secured by 1-4 family residential    properties		1,811		368		567		2,746		514,937		517,683
Secured by nonfarm, nonresidential    properties		845		—		1,442		2,287		2,974,797		2,977,084
Other real estate secured		—		—		142		142		725,901		726,043
Other loans secured by real estate:
Other construction		—		—		—		—		711,813		711,813
Secured by 1-4 family residential properties		2,799		531		6,720		10,050		1,450,260		1,460,310
Commercial and industrial loans		607		41		1,107		1,755		1,412,524		1,414,279
Consumer loans		1,673		182		305		2,160		160,395		162,555
State and other political subdivision loans		32		—		177		209		1,146,042		1,146,251
Other commercial loans		220		32		118		370		534,473		534,843
Total	$	8,310	$	1,165	$	15,819	$	25,294	$	10,222,535	$	10,247,829

Impact of Modifications Classified as Troubled Debt Restructurings

The following table illustrates the impact of modifications classified as TDRs for the periods presented ($ in thousands):

	Three Months Ended June 30,
	2022						2021
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Loans secured by real estate:
Construction, land development    and other land		1	$	146	$	146		5	$	5,582	$	5,582
Other secured by 1-4 family    residential properties		1		42		42		3		37		37
Secured by nonfarm,    nonresidential properties		1		895		895		1		377		377
Other real estate secured		1		85		85		—		—		—
Other loans secured by real estate:
Secured by 1-4 family residential    properties		5		957		977		1		123		123
Commercial and industrial loans		—		—		—		1		1,000		1,000
Other commercial loans		—		—		—		2		4,929		4,929
Total		9	$	2,125	$	2,145		13	$	12,048	$	12,048

	Six Months Ended June 30,
	2022						2021
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Loans secured by real estate:
Construction, land development    and other land		1	$	146	$	146		5	$	5,582	$	5,582
Other secured by 1-4 family    residential properties		2		73		73		3		37		37
Secured by nonfarm,    nonresidential properties		3		6,004		6,004		1		377		377
Other real estate secured		1		85		85		—		—		—
Other loans secured by real estate:
Secured by 1-4 family residential    properties		6		1,024		1,043		3		249		249
Commercial and industrial loans		1		500		500		2		1,014		1,014
Other commercial loans		—		—		—		2		4,929		4,929
Total		14	$	7,832	$	7,851		16	$	12,188	$	12,188

Troubled Debt Restructuring Subsequently Defaulted

The table below includes the balances at default for TDRs modified within the last 12 months for which there was a payment default during the periods presented ($ in thousands):

	Six Months Ended June 30,
	2022				2021
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Other loans secured by real estate:
Secured by 1-4 family residential properties		—	$	—		1	$	78
Other commercial loans		—		—		2		4,929
Total		—	$	—		3	$	5,007

Troubled Debt Restructuring Related to Loans Held for Investment by Loan Type

The following tables detail LHFI classified as TDRs by loan class at June 30, 2022 and 2021 ($ in thousands):

	June 30, 2022
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	3,981	$	3,981
Other secured by 1-4 family residential properties		40		873		913
Secured by nonfarm, nonresidential properties		—		7,892		7,892
Other real estate secured		—		85		85
Other loans secured by real estate:
Secured by 1-4 family residential properties		100		3,361		3,461
Commercial and industrial loans		500		54		554
Consumer loans		—		2		2
State and other political subdivision loans		—		3,019		3,019
Other commercial loans		—		36		36
Total TDRs	$	640	$	19,303	$	19,943

	June 30, 2021
	Accruing		Nonaccrual		Total
Loans secured by real estate:
Construction, land development and other land	$	—	$	5,593	$	5,593
Other secured by 1-4 family residential properties		—		1,160		1,160
Secured by nonfarm, nonresidential properties		—		3,090		3,090
Other loans secured by real estate:
Secured by 1-4 family residential properties		52		2,414		2,466
Commercial and industrial loans		2,500		1,608		4,108
Consumer loans		—		12		12
State and other political subdivision loans		—		3,677		3,677
Other commercial loans		—		5,009		5,009
Total TDRs	$	2,552	$	22,563	$	25,115

Schedule Of Amortized Cost Basis Of Collateral Dependent Loans by Class of Loans

The following tables present the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of June 30, 2022 and December 31, 2021 ($ in thousands):

	June 30, 2022
	Real Estate		Equipment and  Machinery		Inventory and Receivables		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and    other land	$	4,280	$	—	$	—	$	—	$	—	$	4,280
Other secured by 1-4 family    residential properties		493		—		—		—		—		493
Secured by nonfarm, nonresidential    properties		5,622		—		—		—		4,188		9,810
Other loans secured by real estate:
Other construction		7,620		—		—		—		—		7,620
Secured by 1-4 family residential    properties		1,274		—		—		—		—		1,274
Commercial and industrial loans		41		—		363		398		15,134		15,936
State and other political subdivision loans		3,196		—		—		—		—		3,196
Other commercial loans		—		—		—		—		36		36
Total	$	22,526	$	—	$	363	$	398	$	19,358	$	42,645

	December 31, 2021
	Real Estate		Equipment and  Machinery		Inventory and Receivables		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and    other land	$	5,198	$	—	$	—	$	—	$	—	$	5,198
Secured by nonfarm, nonresidential    properties		11,072		—		—		—		—		11,072
Other real estate secured		56		—		—		—		—		56
Other loans secured by real estate:
Secured by 1-4 family residential    properties		1,319		—		—		—		—		1,319
Commercial and industrial loans		42		349		1,253		370		16,430		18,444
State and other political subdivision loans		3,664		—		—		—		—		3,664
Other commercial loans		4,572		—		—		—		36		4,608
Total	$	25,923	$	349	$	1,253	$	370	$	16,466	$	44,361

Carrying Amount of Loans by Credit Quality Indicator

The tables below present the amortized cost basis of loans by credit quality indicator and class of loans based on analyses performed at June 30, 2022 and December 31, 2021 ($ in thousands):

	Term Loans by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
As of June 30, 2022	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	225,827	$	236,979	$	49,624	$	8,406	$	1,626	$	3,198	$	48,155	$	573,815
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		146		446		—		3,700		—		4		—		4,296
Doubtful - RR 9		—		—		—		—		—		42		—		42
Total		225,973		237,425		49,624		12,106		1,626		3,244		48,155		578,153
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	30,424	$	37,379	$	18,886	$	10,673	$	7,645	$	5,791	$	8,329	$	119,127
Special Mention - RR 7		—		102		20		—		—		—		—		122
Substandard - RR 8		355		221		129		5		163		413		—		1,286
Doubtful - RR 9		—		18		—		—		—		—		—		18
Total		30,779		37,720		19,035		10,678		7,808		6,204		8,329		120,553
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	497,133	$	704,378	$	604,576	$	536,749	$	301,486	$	361,740	$	110,995	$	3,117,057
Special Mention - RR 7		943		—		—		277		—		—		—		1,220
Substandard - RR 8		14,687		6,666		10,883		951		4,673		21,521		250		59,631
Doubtful - RR 9		38		—		—		90		—		19		—		147
Total		512,801		711,044		615,459		538,067		306,159		383,280		111,245		3,178,055
Other real estate secured:
Pass - RR 1 through RR 6	$	137,973	$	118,364	$	121,143	$	130,133	$	12,467	$	20,980	$	13,119	$	554,179
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		—		—		65		—		7		775		—		847
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		137,973		118,364		121,208		130,133		12,474		21,755		13,119		555,026

	Term Loans by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
As of June 30, 2022	Commercial LHFI
Other loans secured by real    estate:
Other construction:
Pass - RR 1 through RR 6	$	115,764	$	288,140	$	361,982	$	1,618	$	—	$	—	$	117	$	767,621
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		—		7,620		—		—		—		—		—		7,620
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		115,764		295,760		361,982		1,618		—		—		117		775,241
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	307,184	$	380,638	$	182,033	$	58,698	$	20,571	$	74,552	$	481,404	$	1,505,080
Special Mention - RR 7		—		—		11		—		—		—		—		11
Substandard - RR 8		13,300		3,990		1,065		455		601		7,352		18,902		45,665
Doubtful - RR 9		110		37		34		17		40		4		3		245
Total		320,594		384,665		183,143		59,170		21,212		81,908		500,309		1,551,001
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	161,541	$	274,400	$	132,145	$	45,920	$	23,410	$	464,353	$	3,130	$	1,104,899
Special Mention - RR 7		—		—		—		—		—		2,700		—		2,700
Substandard - RR 8		—		—		—		—		—		3,196		—		3,196
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		161,541		274,400		132,145		45,920		23,410		470,249		3,130		1,110,795
Other commercial loans:
Pass - RR 1 through RR 6	$	38,561	$	78,844	$	32,461	$	49,796	$	7,512	$	44,764	$	253,511	$	505,449
Special Mention - RR 7		4,634		—		—		—		—		—		9,013		13,647
Substandard - RR 8		—		212		2		36		29		1,210		—		1,489
Doubtful - RR 9		25		—		—		—		—		23		—		48
Total		43,220		79,056		32,463		49,832		7,541		45,997		262,524		520,633
Total commercial    LHFI	$	1,548,645	$	2,138,434	$	1,515,059	$	847,524	$	380,230	$	1,012,637	$	946,928	$	8,389,457

	Term Loans by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
As of June 30, 2022	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	20,574	$	51,378	$	6,845	$	2,374	$	2,355	$	2,384	$	—	$	85,910
Past due 30-89 days		—		114		506		33		—		29		—		682
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		61		—		—		—		11		—		72
Total		20,574		51,553		7,351		2,407		2,355		2,424		—		86,664
Other secured by 1-4 family    residential properties:
Current	$	11,368	$	11,183	$	7,268	$	5,506	$	4,730	$	8,964	$	365,637	$	414,656
Past due 30-89 days		—		274		69		50		4		232		1,421		2,050
Past due 90 days or more		—		31		—		—		—		—		532		563
Nonaccrual		45		25		5		25		8		506		2,514		3,128
Total		11,413		11,513		7,342		5,581		4,742		9,702		370,104		420,397
Secured by nonfarm,    nonresidential properties:
Current	$	—	$	24	$	—	$	—	$	—	$	—	$	—	$	24
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		—		24		—		—		—		—		—		24
Other real estate secured:
Current	$	—	$	—	$	93	$	—	$	7	$	185	$	—	$	285
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		—		—		93		—		7		185		—		285

	Term Loans by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
As of June 30, 2022	Consumer LHFI
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	564,074	$	589,588	$	213,120	$	116,458	$	92,047	$	289,083	$	—	$	1,864,370
Past due 30-89 days		420		1,497		1,284		200		806		1,368		—		5,575
Past due 90 days or more		—		—		270		—		—		179		—		449
Nonaccrual		—		1,033		2,535		1,867		1,716		6,467		—		13,618
Total		564,494		592,118		217,209		118,525		94,569		297,097		—		1,884,012
Consumer loans:
Current	$	42,972	$	41,295	$	15,612	$	4,616	$	2,777	$	806	$	54,385	$	162,463
Past due 30-89 days		447		164		52		41		45		5		454		1,208
Past due 90 days or more		18		42		—		—		—		—		143		203
Nonaccrual		62		20		9		4		3		7		22		127
Total		43,499		41,521		15,673		4,661		2,825		818		55,004		164,001
Total consumer LHFI	$	639,980	$	696,729	$	247,668	$	131,174	$	104,498	$	310,226	$	425,108	$	2,555,383
Total LHFI	$	2,188,625	$	2,835,163	$	1,762,727	$	978,698	$	484,728	$	1,322,863	$	1,372,036	$	10,944,840

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of December 31, 2021	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	376,438	$	76,176	$	21,366	$	2,189	$	1,367	$	2,890	$	26,505	$	506,931
Special Mention - RR 7		71		6,382		—		—		—		—		—		6,453
Substandard - RR 8		2,243		—		3,435		30		—		—		—		5,708
Doubtful - RR 9		—		—		—		—		—		42		—		42
Total		378,752		82,558		24,801		2,219		1,367		2,932		26,505		519,134
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	44,208	$	23,269	$	13,194	$	9,722	$	5,737	$	3,076	$	8,771	$	107,977
Special Mention - RR 7		111		143		—		—		—		—		—		254
Substandard - RR 8		721		150		6		166		46		627		—		1,716
Doubtful - RR 9		22		—		—		—		—		—		—		22
Total		45,062		23,562		13,200		9,888		5,783		3,703		8,771		109,969
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	750,869	$	604,026	$	610,446	$	350,603	$	183,115	$	279,529	$	113,808	$	2,892,396
Special Mention - RR 7		1,510		9,584		412		—		1,562		4,522		—		17,590
Substandard - RR 8		11,017		2,357		13,609		3,591		5,988		29,309		1,025		66,896
Doubtful - RR 9		43		—		105		—		—		21		—		169
Total		763,439		615,967		624,572		354,194		190,665		313,381		114,833		2,977,051
Other real estate secured:
Pass - RR 1 through RR 6	$	256,273	$	105,687	$	220,487	$	64,268	$	6,816	$	56,196	$	13,350	$	723,077
Special Mention - RR 7		—		—		—		—		—		773		—		773
Substandard - RR 8		1,684		65		—		8		—		101		—		1,858
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		257,957		105,752		220,487		64,276		6,816		57,070		13,350		725,708

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of December 31, 2021	Commercial LHFI
Other loans secured by real    estate:
Other construction
Pass - RR 1 through RR 6	$	273,747	$	393,580	$	25,142	$	—	$	—	$	—	$	17,909	$	710,378
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		1,435		—		—		—		—		—		—		1,435
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		275,182		393,580		25,142		—		—		—		17,909		711,813
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	503,073	$	249,171	$	74,239	$	33,403	$	50,016	$	35,883	$	400,423	$	1,346,208
Special Mention - RR 7		643		365		147		550		48		—		99		1,852
Substandard - RR 8		14,530		1,338		1,221		1,119		9,237		386		38,182		66,013
Doubtful - RR 9		20		46		29		107		—		4		—		206
Total		518,266		250,920		75,636		35,179		59,301		36,273		438,704		1,414,279
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	381,317	$	148,156	$	56,987	$	30,558	$	95,491	$	418,319	$	8,409	$	1,139,237
Special Mention - RR 7		—		—		—		—		—		3,350		—		3,350
Substandard - RR 8		—		—		—		—		—		3,664		—		3,664
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		381,317		148,156		56,987		30,558		95,491		425,333		8,409		1,146,251
Other commercial loans:
Pass - RR 1 through RR 6	$	103,504	$	38,661	$	64,871	$	8,643	$	7,924	$	41,112	$	232,476	$	497,191
Special Mention - RR 7		4,059		—		—		—		—		—		9,013		13,072
Substandard - RR 8		4,532		6,681		82		212		—		—		13,000		24,507
Doubtful - RR 9		—		50		—		—		—		23		—		73
Total		112,095		45,392		64,953		8,855		7,924		41,135		254,489		534,843
Total commercial    LHFI	$	2,732,070	$	1,665,887	$	1,105,778	$	505,169	$	367,347	$	879,827	$	882,970	$	8,139,048

	Term Loans by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total
As of December 31, 2021	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	51,849	$	16,204	$	3,024	$	3,059	$	797	$	2,404	$	—	$	77,337
Past due 30-89 days		—		265		49		5		—		14		—		333
Past due 90 days or more		—		—		—		—		—		7		—		7
Nonaccrual		64		—		—		—		—		93		—		157
Total		51,913		16,469		3,073		3,064		797		2,518		—		77,834
Other secured by 1-4 family    residential properties:
Current	$	21,166	$	11,098	$	6,119	$	5,903	$	3,291	$	7,853	$	347,743	$	403,173
Past due 30-89 days		5		34		87		114		—		145		1,214		1,599
Past due 90 days or more		—		4		—		—		—		13		91		108
Nonaccrual		26		70		29		9		341		274		2,085		2,834
Total		21,197		11,206		6,235		6,026		3,632		8,285		351,133		407,714
Secured by nonfarm,    nonresidential properties:
Current	$	31	$	—	$	—	$	—	$	2	$	—	$	—	$	33
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		31		—		—		—		2		—		—		33
Other real estate secured:
Current	$	—	$	97	$	—	$	8	$	60	$	170	$	—	$	335
Past due 30-89 days		—		—		—		—		—		—		—		—
Past due 90 days or more		—		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—		—
Total		—		97		—		8		60		170		—		335
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	622,330	$	233,951	$	137,500	$	107,345	$	56,374	$	285,919	$	—	$	1,443,419
Past due 30-89 days		542		494		333		10		369		714		—		2,462
Past due 90 days or more		199		501		165		122		218		450		—		1,655
Nonaccrual		272		1,875		1,419		2,105		916		6,187		—		12,774
Total		623,343		236,821		139,417		109,582		57,877		293,270		—		1,460,310
Consumer loans:
Current	$	65,366	$	25,512	$	8,498	$	4,734	$	1,289	$	378	$	54,518	$	160,295
Past due 30-89 days		989		223		123		22		10		5		468		1,840
Past due 90 days or more		26		23		6		—		—		—		248		303
Nonaccrual		71		17		2		13		8		—		6		117
Total		66,452		25,775		8,629		4,769		1,307		383		55,240		162,555
Total consumer LHFI	$	762,936	$	290,368	$	157,354	$	123,449	$	63,675	$	304,626	$	406,373	$	2,108,781
Total LHFI	$	3,495,006	$	1,956,255	$	1,263,132	$	628,618	$	431,022	$	1,184,453	$	1,289,343	$	10,247,829

Summary of Trustmark's Portfolio Segments, Loan Classes, Loan Pools and the ACL Methodology and Loss Drivers

The following table provides a description of each of Trustmark’s portfolio segments, loan classes, loan pools and the ACL methodology and loss drivers:

Portfolio Segment	Loan Class	Loan Pool	Methodology	Loss Drivers
Loans secured by real estate	Construction, land    development and other land	1-4 family residential    construction	DCF	Prime Rate, National GDP
		Lots and development	DCF	Prime Rate, Southern Unemployment
		Unimproved land	DCF	Prime Rate, Southern Unemployment
		All other consumer	DCF	Southern Unemployment
	Other secured by 1-4    family residential    properties	Consumer 1-4 family - 1st liens	DCF	Prime Rate, Southern Unemployment
		All other consumer	DCF	Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
	Secured by nonfarm,    nonresidential properties	Nonowner-occupied -    hotel/motel	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied - office	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied- Retail	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied - senior    living/nursing homes	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonowner-occupied -    all other	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
	Other real estate secured	Nonresidential nonowner    -occupied - apartments	DCF	Southern Vacancy Rate, Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National GDP
		Nonowner-occupied -    all other	DCF	Southern Vacancy Rate, Southern Unemployment
Other loans secured by    real estate	Other construction	Other construction	DCF	Prime Rate, National Unemployment
	Secured by 1-4 family    residential properties	Trustmark mortgage	WARM	Southern Unemployment
Commercial and    industrial loans	Commercial and    industrial loans	Commercial and industrial -    non-working capital	DCF	Trustmark historical data
		Commercial and industrial -    working capital	DCF	Trustmark historical data
		Credit cards	WARM	Trustmark call report data
Consumer loans	Consumer loans	Credit cards	WARM	Trustmark call report data
		Overdrafts	Loss Rate	Trustmark historical data
		All other consumer	DCF	Southern Unemployment
State and other political    subdivision loans	State and other political    subdivision loans	Obligations of state and    political subdivisions	DCF	Moody's Bond Default Study
Other commercial loans	Other commercial loans	Other loans	DCF	Prime Rate, Southern Unemployment
		Commercial and industrial -    non-working capital	DCF	Trustmark historical data
		Commercial and industrial -    working capital	DCF	Trustmark historical data

Change in Allowance for Loan Losses

The following tables disaggregate the ACL and the amortized cost basis of the loans by the measurement methodology used at June 30, 2022 and December 31, 2021 ($ in thousands):

	June 30, 2022
	ACL						LHFI
	Individually Evaluated for Credit Loss		Collectively Evaluated for Credit Loss		Total		Individually Evaluated for Credit Loss		Collectively Evaluated for Credit Loss		Total
Loans secured by real estate:
Construction, land development and    other land	$	926	$	6,375	$	7,301	$	4,280		660,537	$	664,817
Other secured by 1-4 family residential    properties		—		10,038		10,038		493		540,457		540,950
Secured by nonfarm, nonresidential    properties		—		29,735		29,735		9,810		3,168,269		3,178,079
Other real estate secured		—		3,297		3,297		—		555,311		555,311
Other loans secured by real estate:
Other construction		7,620		6,777		14,397		7,620		767,621		775,241
Secured by 1-4 family residential    properties		—		12,250		12,250		1,274		1,882,738		1,884,012
Commercial and industrial loans		1,396		12,707		14,103		15,936		1,535,065		1,551,001
Consumer loans		—		5,139		5,139		—		164,001		164,001
State and other political subdivision loans		927		990		1,917		3,196		1,107,599		1,110,795
Other commercial loans		36		4,927		4,963		36		520,597		520,633
Total	$	10,905	$	92,235	$	103,140	$	42,645	$	10,902,195	$	10,944,840

	December 31, 2021
	ACL						LHFI
	Individually Evaluated for Credit Loss		Collectively Evaluated for Credit Loss		Total		Individually Evaluated for Credit Loss		Collectively Evaluated for Credit Loss		Total
Loans secured by real estate:
Construction, land development and    other land	$	278	$	5,801	$	6,079	$	5,198	$	591,770	$	596,968
Other secured by 1-4 family residential    properties		—		10,310		10,310		—		517,683		517,683
Secured by nonfarm, nonresidential    properties		—		37,912		37,912		11,072		2,966,012		2,977,084
Other real estate secured		—		4,713		4,713		56		725,987		726,043
Other loans secured by real estate:
Other construction		—		5,968		5,968		—		711,813		711,813
Secured by 1-4 family residential    properties		—		2,706		2,706		1,319		1,458,991		1,460,310
Commercial and industrial loans		5,750		13,189		18,939		18,444		1,395,835		1,414,279
Consumer loans		—		4,774		4,774		—		162,555		162,555
State and other political subdivision loans		1,394		1,314		2,708		3,664		1,142,587		1,146,251
Other commercial loans		203		5,145		5,348		4,608		530,235		534,843
Total	$	7,625	$	91,832	$	99,457	$	44,361	$	10,203,468	$	10,247,829

Changes in the ACL, LHFI were as follows for the periods presented ($ in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Balance at beginning of period	$	98,734		$	109,191		$	99,457		$	117,306
Loans charged-off		(2,277	)		(4,828	)		(4,519	)		(6,073	)
Recoveries		3,967			3,660			6,346			7,291
Net (charge-offs) recoveries		1,690			(1,168	)		1,827			1,218
PCL, LHFI		2,716			(3,991	)		1,856			(14,492	)
Balance at end of period	$	103,140		$	104,032		$	103,140		$	104,032

The following tables detail changes in the ACL, LHFI by loan class for the periods presented ($ in thousands):

	Three Months Ended June 30, 2022
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	7,351	$	(6	)	$	344	$	(388	)	$	7,301
Other secured by 1-4 family residential properties		9,867		(49	)		206		14			10,038
Secured by nonfarm, nonresidential properties		32,030		—			1,474		(3,769	)		29,735
Other real estate secured		3,640		(131	)		4		(216	)		3,297
Other loans secured by real estate:
Other construction		13,947		—			201		249			14,397
Secured by 1-4 family residential properties		5,628		(79	)		4		6,697			12,250
Commercial and industrial loans		14,951		(90	)		203		(961	)		14,103
Consumer loans		4,872		(357	)		452		172			5,139
State and other political subdivision loans		2,371		—			—		(454	)		1,917
Other commercial loans		4,077		(1,565	)		1,079		1,372			4,963
Total	$	98,734	$	(2,277	)	$	3,967	$	2,716		$	103,140

The decreases in the PCL, LHFI for the three months ended June 30, 2022 were primarily due to improvements in credit quality and in the macroeconomic forecasting variables used in the ACL modeling, such as National and Southern Unemployment, National GDP, Prime Rate and Southern Vacancy Rate and the PD and LGD floors.

The PCL, LHFI for the secured by 1-4 family residential properties portfolio increased $6.7 million during the three months ended June 30, 2022 primarily due to loan growth and the nature and volume of the portfolio. For the three months ended June 30, 2022, the PCL, LHFI for the other commercial loan portfolio increased $1.4 million primarily due to an increase in balances within the portfolio.

	Three Months Ended June 30, 2021
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	5,058	$	—		$	313	$	(261	)	$	5,110
Other secured by 1-4 family residential properties		8,667		(58	)		181		1,609			10,399
Secured by nonfarm, nonresidential properties		46,438		(79	)		1,027		(2,970	)		44,416
Other real estate secured		5,770		—			5		(464	)		5,311
Other loans secured by real estate:
Other construction		5,124		—			43		1,363			6,530
Secured by 1-4 family residential properties		3,753		(4	)		8		(847	)		2,910
Commercial and industrial loans		20,166		(3,674	)		652		(3,171	)		13,973
Consumer loans		4,750		(391	)		387		130			4,876
State and other political subdivision loans		3,015		—			—		218			3,233
Other commercial loans		6,450		(622	)		1,044		402			7,274
Total	$	109,191	$	(4,828	)	$	3,660	$	(3,991	)	$	104,032

The decreases in the PCL, LHFI for the three months ended June 30, 2021 were primarily due to improvements in the macroeconomic forecasting variables used in the ACL modeling, such as National and Southern Unemployment, National GDP, Prime Rate and Southern Vacancy Rate and the implementation of the PD and LGD floors.

The PCL, LHFI for the other construction and other secured by 1-4 family residential properties portfolios increased $1.4 million and $1.6 million, respectively, during the three months ended June 30, 2021 primarily due to the implementation of the PD and LGD floors using Trustmark's historical experience.

	Six Months Ended June 30, 2022
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	6,079	$	(34	)	$	1,187	$	69		$	7,301
Other secured by 1-4 family residential properties		10,310		(62	)		295		(505	)		10,038
Secured by nonfarm, nonresidential properties		37,912		—			1,501		(9,678	)		29,735
Other real estate secured		4,713		(131	)		7		(1,292	)		3,297
Other loans secured by real estate:
Other construction		5,968		—			204		8,225			14,397
Secured by 1-4 family residential properties		2,706		(79	)		10		9,613			12,250
Commercial and industrial loans		18,939		(375	)		303		(4,764	)		14,103
Consumer loans		4,774		(936	)		831		470			5,139
State and other political subdivision loans		2,708		—			—		(791	)		1,917
Other commercial loans		5,348		(2,902	)		2,008		509			4,963
Total	$	99,457	$	(4,519	)	$	6,346	$	1,856		$	103,140

The decreases in the PCL, LHFI for the six months ended June 30, 2022 were primarily due to improvements in credit quality and in the macroeconomic forecasting variables used in the ACL modeling, such as National and Southern Unemployment, National GDP, Prime Rate and Southern Vacancy Rate and the PD and LGD floors.

For the six months ended June 30, 2022, the PCL, LHFI for the other construction loan portfolio increased $8.2 million primarily due to specific reserves on individually analyzed credits. The PCL, LHFI for the secured by 1-4 family residential properties portfolio increased $9.6 million during the six months ended June 30, 2022 primarily due to loan growth and the nature and volume of the portfolio as well as a decrease in prepayment speeds which resulted from the rising interest-rate environment.

	Six Months Ended June 30, 2021
	Balance at Beginning of Period		Charge-offs			Recoveries		PCL			Balance at End of Period
Loans secured by real estate:
Construction, land development and other land	$	6,854	$	—		$	1,079	$	(2,823	)	$	5,110
Other secured by 1-4 family residential properties		9,928		(84	)		252		303			10,399
Secured by nonfarm, nonresidential properties		48,523		(79	)		1,057		(5,085	)		44,416
Other real estate secured		7,382		—			11		(2,082	)		5,311
Other loans secured by real estate:
Other construction		8,158		—			44		(1,672	)		6,530
Secured by 1-4 family residential properties		5,143		(4	)		108		(2,337	)		2,910
Commercial and industrial loans		14,851		(3,697	)		1,939		880			13,973
Consumer loans		5,838		(833	)		749		(878	)		4,876
State and other political subdivision loans		3,190		—			—		43			3,233
Other commercial loans		7,439		(1,376	)		2,052		(841	)		7,274
Total	$	117,306	$	(6,073	)	$	7,291	$	(14,492	)	$	104,032