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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Interest and fees on LHFS & LHFI $ 100,139 $ 90,772 $ 190,414 $ 181,333
Interest and fees on PPP loans 184 25,555 352 34,796
Interest on securities:        
Taxable 14,561 8,991 26,918 17,929
Tax exempt 85 118 181 347
Interest on federal funds sold and securities purchased under reverse repurchase agreements 1 0 1 0
Other interest income 2,214 489 3,031 992
Total Interest Income 117,184 125,925 220,897 235,397
Interest Expense        
Interest on deposits 2,774 4,630 5,534 9,853
Interest on federal funds purchased and securities sold under repurchase agreements 70 59 140 115
Other interest expense 1,664 1,813 3,203 3,670
Total Interest Expense 4,508 6,502 8,877 13,638
Net Interest Income 112,676 119,423 212,020 221,759
Provision for credit losses (PCL), LHFI 2,716 (3,991) 1,856 (14,492)
PCL, off-balance sheet credit exposures (1,568) 4,528 (2,674) (4,839)
Net Interest Income After PCL 111,528 118,886 212,838 241,090
Noninterest Income        
Service charges on deposit accounts 10,226 7,613 19,677 14,969
Bank card and other fees 10,167 8,301 18,609 17,773
Mortgage banking, net 8,149 17,333 18,022 38,137
Insurance commissions 13,702 12,217 27,791 24,662
Wealth management 9,102 8,946 18,156 17,362
Other, net 1,907 2,001 5,113 4,091
Total Noninterest Income 53,253 56,411 107,368 116,994
Noninterest Expense        
Salaries and employee benefits 71,679 70,115 141,264 141,277
Services and fees 24,538 21,769 48,991 44,253
Net occupancy - premises 6,892 6,578 13,971 13,373
Equipment expense 6,047 5,567 12,108 11,811
Other expense [1] 14,611 14,650 28,952 29,513
Total Noninterest Expense 123,767 118,679 245,286 240,227
Income before income taxes 41,014 56,618 74,920 117,857
Income taxes 6,730 8,637 11,425 17,914
Net Income $ 34,284 $ 47,981 $ 63,495 $ 99,943
Earnings Per Share        
Basic $ 0.56 $ 0.76 $ 1.03 $ 1.58
Diluted $ 0.56 $ 0.76 $ 1.03 $ 1.57
[1] During the first quarter of 2022, Trustmark reclassified its other real estate expense, net to other expense. The prior period has been reclassified accordingly.