XML 48 R36.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

The following table presents noninterest income disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):

 

 

Three Months Ended June 30, 2022

 

 

Three Months Ended June 30, 2021

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,205

 

 

$

 

 

$

10,205

 

 

$

7,591

 

 

$

 

 

$

7,591

 

Bank card and other fees

 

 

8,665

 

 

 

1,490

 

 

 

10,155

 

 

 

8,519

 

 

 

(228

)

 

 

8,291

 

Mortgage banking, net

 

 

 

 

 

8,149

 

 

 

8,149

 

 

 

 

 

 

17,333

 

 

 

17,333

 

Wealth management

 

 

181

 

 

 

 

 

 

181

 

 

 

2

 

 

 

 

 

 

2

 

Other, net

 

 

1,855

 

 

 

 

 

 

1,855

 

 

 

1,699

 

 

 

251

 

 

 

1,950

 

Total noninterest income

 

$

20,906

 

 

$

9,639

 

 

$

30,545

 

 

$

17,811

 

 

$

17,356

 

 

$

35,167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21

 

 

$

 

 

$

21

 

 

$

22

 

 

$

 

 

$

22

 

Bank card and other fees

 

 

12

 

 

 

 

 

 

12

 

 

 

10

 

 

 

 

 

 

10

 

Wealth management

 

 

8,921

 

 

 

 

 

 

8,921

 

 

 

8,944

 

 

 

 

 

 

8,944

 

Other, net

 

 

33

 

 

 

12

 

 

 

45

 

 

 

35

 

 

 

9

 

 

 

44

 

Total noninterest income

 

$

8,987

 

 

$

12

 

 

$

8,999

 

 

$

9,011

 

 

$

9

 

 

$

9,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

13,702

 

 

$

 

 

$

13,702

 

 

$

12,217

 

 

$

 

 

$

12,217

 

Other, net

 

 

7

 

 

 

 

 

 

7

 

 

 

7

 

 

 

 

 

 

7

 

Total noninterest income

 

$

13,709

 

 

$

 

 

$

13,709

 

 

$

12,224

 

 

$

 

 

$

12,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,226

 

 

$

 

 

$

10,226

 

 

$

7,613

 

 

$

 

 

$

7,613

 

Bank card and other fees

 

 

8,677

 

 

 

1,490

 

 

 

10,167

 

 

 

8,529

 

 

 

(228

)

 

 

8,301

 

Mortgage banking, net

 

 

 

 

 

8,149

 

 

 

8,149

 

 

 

 

 

 

17,333

 

 

 

17,333

 

Insurance commissions

 

 

13,702

 

 

 

 

 

 

13,702

 

 

 

12,217

 

 

 

 

 

 

12,217

 

Wealth management

 

 

9,102

 

 

 

 

 

 

9,102

 

 

 

8,946

 

 

 

 

 

 

8,946

 

Other, net

 

 

1,895

 

 

 

12

 

 

 

1,907

 

 

 

1,741

 

 

 

260

 

 

 

2,001

 

Total noninterest income

 

$

43,602

 

 

$

9,651

 

 

$

53,253

 

 

$

39,046

 

 

$

17,365

 

 

$

56,411

 

(1)
Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, accretion of the FDIC indemnification asset, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and security gains (losses), net.

 

 

 

Six Months Ended June 30, 2022

 

 

Six Months Ended June 30, 2021

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

19,636

 

 

$

 

 

$

19,636

 

 

$

14,929

 

 

$

 

 

$

14,929

 

Bank card and other fees

 

 

16,082

 

 

 

2,505

 

 

 

18,587

 

 

 

15,703

 

 

 

2,052

 

 

 

17,755

 

Mortgage banking, net

 

 

 

 

 

18,022

 

 

 

18,022

 

 

 

 

 

 

38,137

 

 

 

38,137

 

Wealth management

 

 

205

 

 

 

 

 

 

205

 

 

 

20

 

 

 

 

 

 

20

 

Other, net

 

 

4,373

 

 

 

657

 

 

 

5,030

 

 

 

3,087

 

 

 

891

 

 

 

3,978

 

Total noninterest income

 

$

40,296

 

 

$

21,184

 

 

$

61,480

 

 

$

33,739

 

 

$

41,080

 

 

$

74,819

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

41

 

 

$

 

 

$

41

 

 

$

40

 

 

$

 

 

$

40

 

Bank card and other fees

 

 

22

 

 

 

 

 

 

22

 

 

 

18

 

 

 

 

 

 

18

 

Wealth management

 

 

17,951

 

 

 

 

 

 

17,951

 

 

 

17,342

 

 

 

 

 

 

17,342

 

Other, net

 

 

65

 

 

 

19

 

 

 

84

 

 

 

67

 

 

 

16

 

 

 

83

 

Total noninterest income

 

$

18,079

 

 

$

19

 

 

$

18,098

 

 

$

17,467

 

 

$

16

 

 

$

17,483

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

27,791

 

 

$

 

 

$

27,791

 

 

$

24,662

 

 

$

 

 

$

24,662

 

Other, net

 

 

(1

)

 

 

 

 

 

(1

)

 

 

30

 

 

 

 

 

 

30

 

Total noninterest income

 

$

27,790

 

 

$

 

 

$

27,790

 

 

$

24,692

 

 

$

 

 

$

24,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

19,677

 

 

$

 

 

$

19,677

 

 

$

14,969

 

 

$

 

 

$

14,969

 

Bank card and other fees

 

 

16,104

 

 

 

2,505

 

 

 

18,609

 

 

 

15,721

 

 

 

2,052

 

 

 

17,773

 

Mortgage banking, net

 

 

 

 

 

18,022

 

 

 

18,022

 

 

 

 

 

 

38,137

 

 

 

38,137

 

Insurance commissions

 

 

27,791

 

 

 

 

 

 

27,791

 

 

 

24,662

 

 

 

 

 

 

24,662

 

Wealth management

 

 

18,156

 

 

 

 

 

 

18,156

 

 

 

17,362

 

 

 

 

 

 

17,362

 

Other, net

 

 

4,437

 

 

 

676

 

 

 

5,113

 

 

 

3,184

 

 

 

907

 

 

 

4,091

 

Total noninterest income

 

$

86,165

 

 

$

21,203

 

 

$

107,368

 

 

$

75,898

 

 

$

41,096

 

 

$

116,994

 

(1)
Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, accretion of the FDIC indemnification asset, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and security gains (losses), net.