LHFI and ACL, LHFI (Tables)

3 Months Ended

Mar. 31, 2024

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

Loan Portfolio Held for Investment

At March 31, 2024 and December 31, 2023, LHFI consisted of the following ($ in thousands):

	March 31, 2024		December 31, 2023
Loans secured by real estate:
Construction, land development and other land	$	617,008	$	642,886
Other secured by 1-4 family residential properties		625,387		622,397
Secured by nonfarm, nonresidential properties		3,543,235		3,489,434
Other real estate secured		1,384,610		1,312,551
Other loans secured by real estate:
Other construction		922,453		867,793
Secured by 1-4 family residential properties		2,266,094		2,282,318
Commercial and industrial loans		1,922,711		1,922,910
Consumer loans		159,340		165,734
State and other political subdivision loans		1,052,844		1,088,466
Other commercial loans and leases		564,261		556,035
LHFI		13,057,943		12,950,524
Less ACL		142,998		139,367
Net LHFI	$	12,914,945	$	12,811,157

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 March 31, 2024 and December 31, 2023 ($ in thousands):

	March 31, 2024
	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	$	991	$	1,809	$	—
Other secured by 1-4 family residential properties		923		6,843		919
Secured by nonfarm, nonresidential properties		917		3,049		—
Other real estate secured		—		134		—
Other loans secured by real estate:
Other construction		—		13,098		—
Secured by 1-4 family residential properties		4,291		48,877		3,792
Commercial and industrial loans		36		23,089		49
Consumer loans		—		238		483
Other commercial loans and leases		—		1,214		—
Total	$	7,158	$	98,351	$	5,243

	December 31, 2023
	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	$	2,020	$	2,642	$	—
Other secured by 1-4 family residential properties		946		6,518		1,238
Secured by nonfarm, nonresidential properties		20,812		23,061		54
Other real estate secured		—		158		106
Other loans secured by real estate:
Other construction		—		62		—
Secured by 1-4 family residential properties		3,235		43,815		3,740
Commercial and industrial loans		79		22,303		24
Consumer loans		—		243		628
Other commercial loans and leases		—		1,206		—
Total	$	27,092	$	100,008	$	5,790

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 March 31, 2024 and December 31, 2023 ($ in thousands):

	March 31, 2024
	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	$	354	$	590	$	1,011	$	1,955	$	615,053	$	617,008
Other secured by 1-4 family residential    properties		6,147		1,554		2,575		10,276		615,111		625,387
Secured by nonfarm, nonresidential    properties		695		711		892		2,298		3,540,937		3,543,235
Other real estate secured		—		—		—		—		1,384,610		1,384,610
Other loans secured by real estate:
Other construction		—		13,038		—		13,038		909,415		922,453
Secured by 1-4 family residential properties		14,706		7,246		25,361		47,313		2,218,781		2,266,094
Commercial and industrial loans		12,207		446		19,018		31,671		1,891,040		1,922,711
Consumer loans		1,616		548		512		2,676		156,664		159,340
State and other political subdivision loans		972		—		—		972		1,051,872		1,052,844
Other commercial loans and leases		1,522		116		37		1,675		562,586		564,261
Total	$	38,219	$	24,249	$	49,406	$	111,874	$	12,946,069	$	13,057,943

	December 31, 2023
	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	$	93	$	507	$	2,362	$	2,962	$	639,924	$	642,886
Other secured by 1-4 family residential    properties		4,493		1,687		2,716		8,896		613,501		622,397
Secured by nonfarm, nonresidential    properties		1,531		1,063		727		3,321		3,486,113		3,489,434
Other real estate secured		126		—		207		333		1,312,218		1,312,551
Other loans secured by real estate:
Other construction		62		—		—		62		867,731		867,793
Secured by 1-4 family residential properties		19,298		9,327		22,164		50,789		2,231,529		2,282,318
Commercial and industrial loans		11,881		484		499		12,864		1,910,046		1,922,910
Consumer loans		2,112		772		647		3,531		162,203		165,734
State and other political subdivision loans		152		—		—		152		1,088,314		1,088,466
Other commercial loans and leases		1,247		58		—		1,305		554,730		556,035
Total	$	40,995	$	13,898	$	29,322	$	84,215	$	12,866,309	$	12,950,524

Impact of Modifications Classified as Troubled Debt Restructurings

The following tables present the amortized cost of LHFI at the end of each of the periods presented of loans modified to borrowers experiencing financial difficulty disaggregated by class of loan and type of modification ($ in thousands). The percentage of the amortized cost basis of LHFI that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of LHFI is also presented below:

	Three Months Ended March 31, 2024
	Term Extension		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	1,461		0.23	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		813		0.04	%
Total	$	2,274		0.02	%

	Three Months Ended March 31, 2023
	Term Extension		% of Total Class of Loan
Loans secured by real estate:
Secured by nonfarm, nonresidential    properties	$	384		0.01	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		492		0.02	%
Total	$	876		0.01	%

Troubled debt restructurings on financial effect

The following tables detail the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the periods presented:

	Three Months Ended March 31, 2024
	Financial Effect
	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties	Modified one loan and multiple lines of credit to amortize over 24 month terms.
Other loans secured by real estate:
Secured by 1-4 family residential properties	Extended the amortization periods on six loans by a weighted-average of 2.99 years.

	Three Months Ended March 31, 2023
	Financial Effect
	Term Extension
Loans secured by real estate:
Secured by nonfarm, nonresidential properties	Renewed with an extended amortization period and lowered the monthly payment amount for the borrower.
Other loans secured by real estate:
Secured by 1-4 family residential properties	Extended the amortization periods on four loans by a weighted-average of 14 years, which reduced the aggregate monthly payment amounts for the borrowers.

Past Due Modifications Related To Loans Held For Investment

The following tables provide details of the performance of such LHFI that have been modified during the periods presented ($ in thousands):

	Three Months Ended March 31, 2024
	Past Due
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	—	$	—	$	—	$	—	$	1,461	$	1,461
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		813		813
Total	$	—	$	—	$	—	$	—	$	2,274	$	2,274

	Three Months Ended March 31, 2023
	Past Due
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Current Loans		Total
Loans secured by real estate:
Secured by nonfarm, nonresidential    properties	$	—	$	—	$	—	$	—	$	384	$	384
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		492		492
Total	$	—	$	—	$	—	$	—	$	876	$	876

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 March 31, 2024 and December 31, 2023 ($ in thousands):

	March 31, 2024
	Real Estate		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and    other land	$	1,539	$	—	$	—	$	1,539
Other secured by 1-4 family    residential properties		923		—		—		923
Secured by nonfarm, nonresidential    properties		917		—		—		917
Other loans secured by real estate:
Other construction		13,038		—		—		13,038
Secured by 1-4 family residential    properties		4,291		—		—		4,291
Commercial and industrial loans		20		36		21,154		21,210
Other commercial loans and leases		—		—		1,022		1,022
Total	$	20,728	$	36	$	22,176	$	42,940

	December 31, 2023
	Real Estate		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Construction, land development and    other land	$	2,020	$	—	$	—	$	2,020
Other secured by 1-4 family    residential properties		946		—		—		946
Secured by nonfarm, nonresidential    properties		20,812		—		—		20,812
Other loans secured by real estate:
Secured by 1-4 family residential    properties		3,235		—		—		3,235
Commercial and industrial loans		38		41		21,023		21,102
Other commercial loans and leases		—		—		967		967
Total	$	27,051	$	41	$	21,990	$	49,082

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 March 31, 2024 and December 31, 2023 ($ in thousands):

	Term Loans by Origination Year
	2024		2023		2022		2021			2020		Prior			Revolving Loans		Total
As of March 31, 2024	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	98,031	$	268,068	$	77,825	$	30,055		$	10,227	$	3,425		$	49,281	$	536,912
Special Mention - RR 7		—		—		—		354			—		—			—		354
Substandard - RR 8		—		265		265		1,239			18		19			—		1,806
Doubtful - RR 9		—		—		—		—			—		—			—		—
Total		98,031		268,333		78,090		31,648			10,245		3,444			49,281		539,072
Current period gross    charge-offs		—		—		—		—			—		(24	)		—		(24	)
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	6,379	$	32,381	$	28,573	$	25,941		$	13,447	$	9,086		$	7,889	$	123,696
Special Mention - RR 7		28		—		53		44			8		—			—		133
Substandard - RR 8		59		165		646		155			21		364			34		1,444
Doubtful - RR 9		—		—		—		—			—		—			—		—
Total		6,466		32,546		29,272		26,140			13,476		9,450			7,923		125,273
Current period gross    charge-offs		—		—		—		—			—		(12	)		—		(12	)
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	167,040	$	492,579	$	944,333	$	505,580		$	574,763	$	616,719		$	132,679	$	3,433,693
Special Mention - RR 7		—		4,260		19,546		—			133		24,979			—		48,918
Substandard - RR 8		4,794		1,521		1,800		27,323			10,711		13,266			1,129		60,544
Doubtful - RR 9		18		—		—		—			—		57			—		75
Total		171,852		498,360		965,679		532,903			585,607		655,021			133,808		3,543,230
Current period gross    charge-offs		—		—		—		(2,412	)		—		(16	)		—		(2,428	)
Other real estate secured:
Pass - RR 1 through RR 6	$	116,981	$	114,564	$	539,374	$	309,788		$	209,292	$	46,190		$	8,758	$	1,344,947
Special Mention - RR 7		—		—		—		64			—		35,876			—		35,940
Substandard - RR 8		99		—		3,028		—			268		31			—		3,426
Doubtful - RR 9		—		45		—		—			—		—			—		45
Total		117,080		114,609		542,402		309,852			209,560		82,097			8,758		1,384,358
Current period gross    charge-offs		—		—		—		—			—		—			—		—

	Term Loans by Origination Year
	2024		2023			2022			2021			2020			Prior			Revolving Loans		Total
As of March 31, 2024	Commercial LHFI
Other loans secured by real    estate:
Other construction:
Pass - RR 1 through RR 6	$	40,364	$	208,241		$	494,239		$	149,994		$	16,177		$	—		$	340	$	909,355
Special Mention - RR 7		—		—			—			—			—			—			—		—
Substandard - RR 8		60		—			13,038			—			—			—			—		13,098
Doubtful - RR 9		—		—			—			—			—			—			—		—
Total		40,424		208,241			507,277			149,994			16,177			—			340		922,453
Current period gross    charge-offs		—		—			—			—			—			—			—		—
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	188,609	$	459,063		$	323,119		$	124,545		$	58,584		$	70,060		$	538,649	$	1,762,629
Special Mention - RR 7		—		12,270			22,693			2,136			554			1,323			20,264		59,240
Substandard - RR 8		2,240		4,831			47,455			13,725			11,842			350			19,884		100,327
Doubtful - RR 9		—		—			336			155			—			23			1		515
Total		190,849		476,164			393,603			140,561			70,980			71,756			578,798		1,922,711
Current period gross    charge-offs		—		(3	)		(225	)		(294	)		(8	)		(54	)		—		(584	)
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	16,902	$	122,135		$	243,470		$	168,190		$	96,337		$	401,066		$	4,744	$	1,052,844
Special Mention - RR 7		—		—			—			—			—			—			—		—
Substandard - RR 8		—		—			—			—			—			—			—		—
Doubtful - RR 9		—		—			—			—			—			—			—		—
Total		16,902		122,135			243,470			168,190			96,337			401,066			4,744		1,052,844
Current period gross    charge-offs		—		—			—			—			—			—			—		—
Other commercial loans and leases:
Pass - RR 1 through RR 6	$	44,336	$	193,567		$	23,760		$	26,671		$	18,877		$	40,003		$	214,044	$	561,258
Special Mention - RR 7		—		—			—			120			193			—			—		313
Substandard - RR 8		992		90			123			25			—			—			1,460		2,690
Doubtful - RR 9		—		—			—			—			—			—			—		—
Total		45,328		193,657			23,883			26,816			19,070			40,003			215,504		564,261
Current period gross    charge-offs		—		—			(28	)		—			—			(25	)		—		(53	)
Total commercial    LHFI	$	686,932	$	1,914,045		$	2,783,676		$	1,386,104		$	1,021,452		$	1,262,837		$	999,156	$	10,054,202
Total commercial LHFI    gross charge-offs	$	—	$	(3	)	$	(253	)	$	(2,706	)	$	(8	)	$	(131	)	$	—	$	(3,101	)

	Term Loans by Origination Year
	2024		2023		2022			2021		2020		Prior		Revolving Loans			Total
As of March 31, 2024	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	4,808	$	46,918	$	15,604		$	5,300	$	1,165	$	2,497	$	1,562		$	77,854
Past due 30-89 days		—		34		—			—		—		39		—			73
Past due 90 days or more		—		—		—			—		—		—		—			—
Nonaccrual		—		—		—			6		—		3		—			9
Total		4,808		46,952		15,604			5,306		1,165		2,539		1,562			77,936
Current period gross    charge-offs		—		—		—			—		—		—		—			—
Other secured by 1-4 family    residential properties:
Current	$	8,491	$	24,784	$	10,059		$	5,482	$	4,202	$	10,754	$	424,148		$	487,920
Past due 30-89 days		—		30		254			169		60		286		4,451			5,250
Past due 90 days or more		—		—		5			—		100		48		684			837
Nonaccrual		—		7		87			46		10		586		5,371			6,107
Total		8,491		24,821		10,405			5,697		4,372		11,674		434,654			500,114
Current period gross    charge-offs		—		—		(5	)		—		—		—		(59	)		(64	)
Secured by nonfarm,    nonresidential properties:
Current	$	—	$	—	$	—		$	5	$	—	$	—	$	—		$	5
Past due 30-89 days		—		—		—			—		—		—		—			—
Past due 90 days or more		—		—		—			—		—		—		—			—
Nonaccrual		—		—		—			—		—		—		—			—
Total		—		—		—			5		—		—		—			5
Current period gross    charge-offs		—		—		—			—		—		—		—			—
Other real estate secured:
Current	$	131	$	—	$	—		$	—	$	75	$	46	$	—		$	252
Past due 30-89 days		—		—		—			—		—		—		—			—
Past due 90 days or more		—		—		—			—		—		—		—			—
Nonaccrual		—		—		—			—		—		—		—			—
Total		131		—		—			—		75		46		—			252
Current period gross    charge-offs		—		—		—			—		—		—		—			—

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans			Total
As of March 31, 2024	Consumer LHFI
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	33,184		$	249,825		$	871,791		$	506,872		$	178,382		$	355,532		$	—		$	2,195,586
Past due 30-89 days		—			2,410			9,575			2,777			830			2,246			—			17,838
Past due 90 days or more		—			527			1,175			1,052			127			911			—			3,792
Nonaccrual		—			1,765			17,942			12,782			6,080			10,309			—			48,878
Total		33,184			254,527			900,483			523,483			185,419			368,998			—			2,266,094
Current period gross    charge-offs		—			(59	)		(315	)		(29	)		—			(8	)		—			(411	)
Consumer loans:
Current	$	20,996		$	43,982		$	26,201		$	8,570		$	2,098		$	840		$	53,867		$	156,554
Past due 30-89 days		348			518			288			122			1			5			784			2,066
Past due 90 days or more		19			58			66			4			8			—			328			483
Nonaccrual		—			64			56			77			19			—			21			237
Total		21,363			44,622			26,611			8,773			2,126			845			55,000			159,340
Current period gross    charge-offs		(1,544	)		(282	)		(122	)		(20	)		(27	)		—			(753	)		(2,748	)
Total consumer LHFI	$	67,977		$	370,922		$	953,103		$	543,264		$	193,157		$	384,102		$	491,216		$	3,003,741
Total consumer LHFI    gross charge-offs	$	(1,544	)	$	(341	)	$	(442	)	$	(49	)	$	(27	)	$	(8	)	$	(812	)	$	(3,223	)
Total LHFI	$	754,909		$	2,284,967		$	3,736,779		$	1,929,368		$	1,214,609		$	1,646,939		$	1,490,372		$	13,057,943
Total current period    gross charge-offs	$	(1,544	)	$	(344	)	$	(695	)	$	(2,755	)	$	(35	)	$	(139	)	$	(812	)	$	(6,324	)

	Term Loans by Origination Year
	2023		2022			2021			2020		2019			Prior			Revolving Loans		Total
As of December 31, 2023	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	359,813	$	98,742		$	35,095		$	10,591	$	2,036		$	1,961		$	52,351	$	560,589
Special Mention - RR 7		—		—			360			—		—			—			—		360
Substandard - RR 8		606		336			1,512			19		—			21			—		2,494
Doubtful - RR 9		—		—			—			—		—			24			—		24
Total		360,419		99,078			36,967			10,610		2,036			2,006			52,351		563,467
Current period gross    charge-offs		—		(4	)		(10	)		—		(228	)		—			—		(242	)
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	33,072	$	30,760		$	29,159		$	14,309	$	8,084		$	2,822		$	10,077	$	128,283
Special Mention - RR 7		—		82			48			10		—			—			—		140
Substandard - RR 8		220		625			157			22		80			306			98		1,508
Doubtful - RR 9		—		—			—			—		—			—			—		—
Total		33,292		31,467			29,364			14,341		8,164			3,128			10,175		129,931
Current period gross    charge-offs		—		—			(24	)		—		—			(6	)		—		(30	)
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	501,327	$	919,519		$	526,412		$	596,240	$	323,687		$	369,250		$	129,142	$	3,365,577
Special Mention - RR 7		4,271		14,930			—			138		23,966			—			—		43,305
Substandard - RR 8		6,332		1,964			47,491			10,809		8,614			5,200			48		80,458
Doubtful - RR 9		21		—			—			—		53			13			—		87
Total		511,951		936,413			573,903			607,187		356,320			374,463			129,190		3,489,427
Current period gross    charge-offs		—		(39	)		(82	)		—		(19	)		(138	)		—		(278	)
Other real estate secured:
Pass - RR 1 through RR 6	$	194,141	$	447,200		$	332,818		$	209,757	$	56,024		$	11,080		$	8,880	$	1,259,900
Special Mention - RR 7		126		2,076			—			—		35,881			—			—		38,083
Substandard - RR 8		—		14,064			—			290		—			39			—		14,393
Doubtful - RR 9		42		—			—			—		—			—			—		42
Total		194,309		463,340			332,818			210,047		91,905			11,119			8,880		1,312,418
Current period gross    charge-offs		—		—			—			—		—			—			—		—

	Term Loans by Origination Year
	2023			2022			2021			2020			2019			Prior			Revolving Loans			Total
As of December 31, 2023	Commercial LHFI
Other loans secured by real    estate:
Other construction
Pass - RR 1 through RR 6	$	179,676		$	518,062		$	149,883		$	14,062		$	—		$	6		$	6,042		$	867,731
Special Mention - RR 7		—			—			—			—			—			—			—			—
Substandard - RR 8		62			—			—			—			—			—			—			62
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		179,738			518,062			149,883			14,062			—			6			6,042			867,793
Current period gross    charge-offs		(61	)		—			(3,392	)		—			—			—			—			(3,453	)
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	497,730		$	474,737		$	158,659		$	80,646		$	31,876		$	44,972		$	537,527		$	1,826,147
Special Mention - RR 7		12,570			10,141			3,149			1,381			110			—			126			27,477
Substandard - RR 8		4,797			16,872			13,909			11,958			40			80			21,528			69,184
Doubtful - RR 9		6			58			1			—			—			25			12			102
Total		515,103			501,808			175,718			93,985			32,026			45,077			559,193			1,922,910
Current period gross    charge-offs		(42	)		(1,071	)		(700	)		(138	)		(95	)		(108	)		(7	)		(2,161	)
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	152,157		$	247,034		$	174,812		$	99,786		$	32,118		$	377,225		$	5,334		$	1,088,466
Special Mention - RR 7		—			—			—			—			—			—			—			—
Substandard - RR 8		—			—			—			—			—			—			—			—
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		152,157			247,034			174,812			99,786			32,118			377,225			5,334			1,088,466
Current period gross    charge-offs		—			—			—			—			—			—			—			—
Other commercial loans and leases:
Pass - RR 1 through RR 6	$	211,402		$	48,947		$	30,071		$	21,377		$	32,837		$	8,468		$	201,339		$	554,441
Special Mention - RR 7		—			—			—			208			—			—			20			228
Substandard - RR 8		106			211			42			—			—			—			987			1,346
Doubtful - RR 9		—			—			—			—			—			20			—			20
Total		211,508			49,158			30,113			21,585			32,837			8,488			202,346			556,035
Current period gross    charge-offs		(40	)		(248	)		—			(26	)		—			—			—			(314	)
Total commercial    LHFI	$	2,158,477		$	2,846,360		$	1,503,578		$	1,071,603		$	555,406		$	821,512		$	973,511		$	9,930,447
Total commercial LHFI    gross charge-offs	$	(143	)	$	(1,362	)	$	(4,208	)	$	(164	)	$	(342	)	$	(252	)	$	(7	)	$	(6,478	)

	Term Loans by Origination Year
	2023		2022			2021			2020			2019			Prior			Revolving Loans			Total
As of December 31, 2023	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	44,912	$	23,110		$	5,973		$	1,203		$	1,082		$	1,864		$	653		$	78,797
Past due 30-89 days		—		250			—			—			30			191			—			471
Past due 90 days or more		—		—			—			—			—			—			—			—
Nonaccrual		—		—			148			—			—			3			—			151
Total		44,912		23,360			6,121			1,203			1,112			2,058			653			79,419
Current period gross    charge-offs		—		—			—			—			—			—			—			—
Other secured by 1-4 family    residential properties:
Current	$	29,636	$	11,366		$	5,733		$	4,471		$	4,313		$	7,674		$	417,383		$	480,576
Past due 30-89 days		225		68			74			4			51			220			4,292			4,934
Past due 90 days or more		—		264			—			—			—			41			934			1,239
Nonaccrual		8		76			48			8			—			616			4,961			5,717
Total		29,869		11,774			5,855			4,483			4,364			8,551			427,570			492,466
Current period gross    charge-offs		—		(100	)		(9	)		(2	)		(10	)		(22	)		(147	)		(290	)
Secured by nonfarm,    nonresidential properties:
Current	$	—	$	—		$	7		$	—		$	—		$	—		$	—		$	7
Past due 30-89 days		—		—			—			—			—			—			—			—
Past due 90 days or more		—		—			—			—			—			—			—			—
Nonaccrual		—		—			—			—			—			—			—			—
Total		—		—			7			—			—			—			—			7
Current period gross    charge-offs		—		—			—			—			—			—			—			—
Other real estate secured:
Current	$	—	$	—		$	—		$	78		$	—		$	55		$	—		$	133
Past due 30-89 days		—		—			—			—			—			—			—			—
Past due 90 days or more		—		—			—			—			—			—			—			—
Nonaccrual		—		—			—			—			—			—			—			—
Total		—		—			—			78			—			55			—			133
Current period gross    charge-offs		—		—			—			—			—			—			—			—

	Term Loans by Origination Year
	2023			2022			2021			2020			2019			Prior			Revolving Loans			Total
As of December 31, 2023	Consumer LHFI
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	258,800		$	878,893		$	516,324		$	180,272		$	98,552		$	277,664		$	—		$	2,210,505
Past due 30-89 days		3,370			11,293			5,513			2,121			298			1,664			—			24,259
Past due 90 days or more		376			1,219			1,208			682			—			255			—			3,740
Nonaccrual		678			15,586			11,452			4,884			1,848			9,366			—			43,814
Total		263,224			906,991			534,497			187,959			100,698			288,949			—			2,282,318
Current period gross    charge-offs		(64	)		(930	)		(217	)		(104	)		—			(142	)		—			(1,457	)
Consumer loans:
Current	$	59,496		$	32,767		$	10,698		$	2,604		$	917		$	294		$	55,321		$	162,097
Past due 30-89 days		1,274			475			134			34			5			5			839			2,766
Past due 90 days or more		64			44			3			1			—			—			516			628
Nonaccrual		44			65			84			26			—			—			24			243
Total		60,878			33,351			10,919			2,665			922			299			56,700			165,734
Current period gross    charge-offs		(6,138	)		(559	)		(167	)		(43	)		(1	)		(1	)		(2,381	)		(9,290	)
Total consumer LHFI	$	398,883		$	975,476		$	557,399		$	196,388		$	107,096		$	299,912		$	484,923		$	3,020,077
Total consumer LHFI    gross charge-offs	$	(6,202	)	$	(1,589	)	$	(393	)	$	(149	)	$	(11	)	$	(165	)	$	(2,528	)	$	(11,037	)
Total LHFI	$	2,557,360		$	3,821,836		$	2,060,977		$	1,267,991		$	662,502		$	1,121,424		$	1,458,434		$	12,950,524
Total current period    gross charge-offs	$	(6,345	)	$	(2,951	)	$	(4,601	)	$	(313	)	$	(353	)	$	(417	)	$	(2,535	)	$	(17,515	)

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 at March 31, 2024:

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	National HPI, National Unemployment
		Lots and development	DCF	National HPI, National Unemployment
		Unimproved land	DCF	National HPI, National Unemployment
		All other consumer	DCF	National HPI, National Unemployment
	Other secured by 1-4    family residential properties	Consumer 1-4 family - 1st liens	DCF	National HPI, National Unemployment
		All other consumer	DCF	National HPI, National Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National CRE Price Index
	Secured by nonfarm,    nonresidential properties	Nonowner-occupied -    hotel/motel	DCF	National CRE Price Index, Southern Unemployment
		Nonowner-occupied - office	DCF	National CRE Price Index, Southern Unemployment
		Nonowner-occupied- Retail	DCF	National CRE Price Index, Southern Unemployment
		Nonowner-occupied - senior    living/nursing homes	DCF	National CRE Price Index, Southern Unemployment
		Nonowner-occupied -    all other	DCF	National CRE Price Index, Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National CRE Price Index
	Other real estate secured	Nonresidential nonowner    -occupied - apartments	DCF	National CRE Price Index, Southern Unemployment
		Nonresidential owner-occupied	DCF	Southern Unemployment, National CRE Price Index
		Nonowner-occupied -    all other	DCF	National CRE Price Index, Southern Unemployment
Other loans secured by    real estate	Other construction	Other construction	DCF	National CRE Price Index, National Unemployment, BBB 7-10 US CBI
	Secured by 1-4 family    residential properties	Trustmark mortgage	WARM	Southern Unemployment

Portfolio Segment	Loan Class	Loan Pool	Methodology	Loss Drivers
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
		Equipment finance loans	WARM	Southern Unemployment, National GDP
		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	National HPI, National 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 and leases	Other commercial loans and leases	Other loans	DCF	BBB 7-10 US CBI, Southern Unemployment
		Commercial and industrial -    non-working capital	DCF	Trustmark historical data
		Commercial and industrial -    working capital	DCF	Trustmark historical data
		Equipment finance leases	WARM	Southern Unemployment, National GDP

The following table provides a description of each of Trustmark’s portfolio segments, loan classes, loan pools and the ACL methodology and loss drivers at December 31, 2023:

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
		Equipment finance loans	WARM	Southern Unemployment, Southern GDP
		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 and leases	Other commercial loans and leases	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
		Equipment finance leases	WARM	Southern Unemployment, Southern GDP

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 March 31, 2024 and December 31, 2023 ($ in thousands):

	March 31, 2024
	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	$	12	$	5,731	$	5,743	$	1,539		615,469	$	617,008
Other secured by 1-4 family residential    properties		—		10,554		10,554		923		624,464		625,387
Secured by nonfarm, nonresidential    properties		—		33,292		33,292		917		3,542,318		3,543,235
Other real estate secured		—		9,251		9,251		—		1,384,610		1,384,610
Other loans secured by real estate:
Other construction		626		11,439		12,065		13,038		909,415		922,453
Secured by 1-4 family residential    properties		—		31,946		31,946		4,291		2,261,803		2,266,094
Commercial and industrial loans		10,960		16,970		27,930		21,210		1,901,501		1,922,711
Consumer loans		—		5,523		5,523		—		159,340		159,340
State and other political subdivision loans		—		638		638		—		1,052,844		1,052,844
Other commercial loans and leases		1,022		5,034		6,056		1,022		563,239		564,261
Total	$	12,620	$	130,378	$	142,998	$	42,940	$	13,015,003	$	13,057,943

	December 31, 2023
	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	$	—	$	17,192	$	17,192	$	2,020	$	640,866	$	642,886
Other secured by 1-4 family residential    properties		—		12,942		12,942		946		621,451		622,397
Secured by nonfarm, nonresidential    properties		—		24,043		24,043		20,812		3,468,622		3,489,434
Other real estate secured		—		4,488		4,488		—		1,312,551		1,312,551
Other loans secured by real estate:
Other construction		—		5,758		5,758		—		867,793		867,793
Secured by 1-4 family residential    properties		—		34,794		34,794		3,235		2,279,083		2,282,318
Commercial and industrial loans		11,436		15,202		26,638		21,102		1,901,808		1,922,910
Consumer loans		—		5,794		5,794		—		165,734		165,734
State and other political subdivision loans		—		646		646		—		1,088,466		1,088,466
Other commercial loans and leases		967		6,105		7,072		967		555,068		556,035
Total	$	12,403	$	126,964	$	139,367	$	49,082	$	12,901,442	$	12,950,524

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

	Three Months Ended March 31,
	2024			2023
Balance at beginning of period	$	139,367		$	120,214
Loans charged-off		(6,324	)		(2,996	)
Recoveries		2,247			1,777
Net (charge-offs) recoveries		(4,077	)		(1,219	)
PCL, LHFI		7,708			3,244
Balance at end of period	$	142,998		$	122,239

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

	Three Months Ended March 31, 2024
	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	$	17,192	$	(24	)	$	1	$	(11,426	)	$	5,743
Other secured by 1-4 family residential properties		12,942		(76	)		450		(2,762	)		10,554
Secured by nonfarm, nonresidential properties		24,043		(2,428	)		9		11,668			33,292
Other real estate secured		4,488		—			—		4,763			9,251
Other loans secured by real estate:
Other construction		5,758		—			17		6,290			12,065
Secured by 1-4 family residential properties		34,794		(411	)		38		(2,475	)		31,946
Commercial and industrial loans		26,638		(584	)		198		1,678			27,930
Consumer loans		5,794		(2,748	)		1,505		972			5,523
State and other political subdivision loans		646		—			—		(8	)		638
Other commercial loans and leases		7,072		(53	)		29		(992	)		6,056
Total	$	139,367	$	(6,324	)	$	2,247	$	7,708		$	142,998

	Three Months Ended March 31, 2023
	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	$	12,828	$	(14	)	$	8	$	438		$	13,260
Other secured by 1-4 family residential properties		12,374		(34	)		47		(469	)		11,918
Secured by nonfarm, nonresidential properties		19,488		(28	)		96		(916	)		18,640
Other real estate secured		4,743		—			3		(2,384	)		2,362
Other loans secured by real estate:
Other construction		15,132		—			30		(692	)		14,470
Secured by 1-4 family residential properties		21,185		(294	)		6		5,259			26,156
Commercial and industrial loans		23,140		(471	)		270		523			23,462
Consumer loans		5,792		(2,155	)		1,317		578			5,532
State and other political subdivision loans		885		—			—		(156	)		729
Other commercial loans and leases		4,647		—			—		1,063			5,710
Total	$	120,214	$	(2,996	)	$	1,777	$	3,244		$	122,239