LHFI and ACL, LHFI (Tables)

6 Months Ended

Jun. 30, 2024

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

Loan Portfolio Held for Investment

At June 30, 2024 and December 31, 2023, LHFI consisted of the following ($ in thousands):

	June 30, 2024		December 31, 2023
Loans secured by real estate:
Construction, land development and other land	$	616,528	$	642,886
Other secured by 1-4 family residential properties		642,765		622,397
Secured by nonfarm, nonresidential properties		3,598,647		3,489,434
Other real estate secured		1,344,968		1,312,551
Other loans secured by real estate:
Other construction		1,022,444		867,793
Secured by 1-4 family residential properties		2,235,530		2,282,318
Commercial and industrial loans		1,880,607		1,922,910
Consumer loans		156,709		165,734
State and other political subdivision loans		1,053,015		1,088,466
Other commercial loans and leases		604,205		556,035
LHFI		13,155,418		12,950,524
Less ACL		154,685		139,367
Net LHFI	$	13,000,733	$	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 June 30, 2024 and December 31, 2023 ($ in thousands):

	June 30, 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	$	—	$	226	$	—
Other secured by 1-4 family residential properties		907		7,167		326
Secured by nonfarm, nonresidential properties		9,730		11,547		—
Other real estate secured		—		120		—
Other loans secured by real estate:
Other construction		—		60		—
Secured by 1-4 family residential properties		1,019		6,946		4,635
Commercial and industrial loans		33		16,874		39
Consumer loans		—		326		413
Other commercial loans and leases		—		1,026		—
Total	$	11,689	$	44,292	$	5,413

	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 June 30, 2024 and December 31, 2023 ($ in thousands):

	June 30, 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	$	228	$	—	$	—	$	228	$	616,300	$	616,528
Other secured by 1-4 family residential    properties		6,395		1,516		3,489		11,400		631,365		642,765
Secured by nonfarm, nonresidential    properties		1,275		—		1,028		2,303		3,596,344		3,598,647
Other real estate secured		115		—		—		115		1,344,853		1,344,968
Other loans secured by real estate:
Other construction		—		—		—		—		1,022,444		1,022,444
Secured by 1-4 family residential properties		15,844		7,282		7,201		30,327		2,205,203		2,235,530
Commercial and industrial loans		4,006		750		15,188		19,944		1,860,663		1,880,607
Consumer loans		1,406		573		438		2,417		154,292		156,709
State and other political subdivision loans		7		—		—		7		1,053,008		1,053,015
Other commercial loans and leases		66		11		—		77		604,128		604,205
Total	$	29,342	$	10,132	$	27,344	$	66,818	$	13,088,600	$	13,155,418

	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 June 30, 2024
	Term Extension		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties	$	493		0.08	%
Total	$	493		0.00	%

	Three Months Ended June 30, 2023
	Payment Concession		Term Extension		Total		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	—	$	401	$	401		0.07	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		276		276		0.01	%
Commercial and industrial loans		255		—		255		0.01	%
Consumer loans		—		42		42		0.03	%
Other commercial loans and leases		117		31		148		0.03	%
Total	$	372	$	750	$	1,122		0.01	%

	Six Months Ended June 30, 2024
	Term Extension		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	1,891		0.29	%
Total	$	1,891		0.01	%

	Six Months Ended June 30, 2023
	Payment Concession		Term Extension		Total		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	—	$	401	$	401		0.07	%
Secured by nonfarm, nonresidential    properties		—		384		384		0.01	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		768		768		0.03	%
Commercial and industrial loans		255		—		255		0.01	%
Consumer loans		—		42		42		0.03	%
Other commercial loans and leases		117		31		148		0.03	%
Total	$	372	$	1,626	$	1,998		0.02	%

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 June 30, 2024
	Financial Effect
	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties	Modified two loans and lines of credit to amortize over 24 month terms

	Three Months Ended June 30, 2023
	Financial Effect
	Payment Concessions	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified lines of credit to amortize over a twenty-four month term
Other loans secured by real estate:
Secured by 1-4 family residential properties		Extended amortization with term adjusted by weighted-average 2.3 years
Commercial and industrial loans	Six month payment deferrals
Consumer loans		Bankruptcies extended amortization with term adjusted by weighted average 1.3 years reducing borrower payment
Other commercial loans and leases	Six month payment deferrals	One loan renewed and extended maturity by seven months

	Six Months Ended June 30, 2024
	Financial Effect
	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties	Modified three loans and lines of credit to amortize over 24 month terms.

	Six Months Ended June 30, 2023
	Financial Effect
	Payment Concessions	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified lines of credit to amortize over a twenty-four month term
Secured by nonfarm, nonresidential properties		One loan renewed and extended maturity by six months
Other loans secured by real estate:
Secured by 1-4 family residential properties		Extended amortization with term adjusted by weighted-average 1.8 years
Commercial and industrial loans	Six month payment deferrals
Consumer loans		Bankruptcies extended amortization with term adjusted by weighted average 1.3 years reducing borrower payment
Other commercial loans and leases	Six month payment deferrals	One loan renewed and extended maturity by seven months

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 June 30, 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	$	—	$	—	$	—	$	—	$	493	$	493

	Three Months Ended June 30, 2023
	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	$	38	$	19	$	—	$	57	$	344	$	401
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		276		276
Commercial and industrial loans		—		—		—		—		255		255
Consumer loans		22		—		—		22		20		42
Other commercial loans and leases		—		—		—		—		148		148
Total	$	60	$	19	$	—	$	79	$	1,043	$	1,122

	Six Months Ended June 30, 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	$	540	$	—	$	—	$	540	$	1,351	$	1,891

	Six Months Ended June 30, 2023
	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	$	38	$	19	$	—	$	57	$	344	$	401
Secured by nonfarm, nonresidential    properties		—		—		—		—		384		384
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		768		768
Commercial and industrial loans		—		—		—		—		255		255
Consumer loans		22		—		—		22		20		42
Other commercial loans and leases		—		—		—		—		148		148
Total	$	60	$	19	$	—	$	79	$	1,919	$	1,998

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

	June 30, 2024
	Real Estate		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Other secured by 1-4 family    residential properties	$	907	$	—	$	—	$	907
Secured by nonfarm, nonresidential    properties		9,730		—		—		9,730
Other loans secured by real estate:
Secured by 1-4 family residential    properties		1,019		—		—		1,019
Commercial and industrial loans		5		33		14,774		14,812
Other commercial loans and leases		—		—		887		887
Total	$	11,661	$	33	$	15,661	$	27,355

	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 June 30, 2024 and December 31, 2023 ($ in thousands):

	Term Loans by Origination Year
	2024		2023		2022		2021			2020		Prior			Revolving Loans		Total
As of June 30, 2024	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	215,236	$	180,580	$	60,100	$	27,134		$	9,879	$	2,989		$	49,901	$	545,819
Special Mention - RR 7		—		—		—		349			—		—			—		349
Substandard - RR 8		—		72		110		—			18		—			170		370
Doubtful - RR 9		—		—		—		—			—		—			—		—
Total		215,236		180,652		60,210		27,483			9,897		2,989			50,071		546,538
Current period gross    charge-offs		—		—		—		—			—		(24	)		—		(24	)
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	12,075	$	28,956	$	27,475	$	26,442		$	12,824	$	7,928		$	8,379	$	124,079
Special Mention - RR 7		27		406		51		40			—		—			—		524
Substandard - RR 8		59		194		627		153			—		287			32		1,352
Doubtful - RR 9		—		—		—		—			—		—			—		—
Total		12,161		29,556		28,153		26,635			12,824		8,215			8,411		125,955
Current period gross    charge-offs		—		—		—		—			—		(12	)		—		(12	)
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	306,701	$	413,086	$	926,322	$	486,858		$	540,635	$	510,001		$	110,669	$	3,294,272
Special Mention - RR 7		—		—		97,410		—			18,175		19,658			—		135,243
Substandard - RR 8		25,362		8,463		34,845		30,695			10,529		59,210			—		169,104
Doubtful - RR 9		15		—		—		—			—		9			—		24
Total		332,078		421,549		1,058,577		517,553			569,339		588,878			110,669		3,598,643
Current period gross    charge-offs		—		—		—		(2,412	)		—		(16	)		—		(2,428	)
Other real estate secured:
Pass - RR 1 through RR 6	$	127,057	$	99,579	$	550,833	$	272,166		$	160,386	$	45,345		$	8,636	$	1,264,002
Special Mention - RR 7		—		—		—		39,658			—		—			—		39,658
Substandard - RR 8		98		14,651		669		64			262		25,408			—		41,152
Doubtful - RR 9		43		—		—		—			—		—			—		43
Total		127,198		114,230		551,502		311,888			160,648		70,753			8,636		1,344,855
Current period gross    charge-offs		—		—		—		—			—		—			—		—

	Term Loans by Origination Year
	2024		2023			2022			2021			2020			Prior			Revolving Loans		Total
As of June 30, 2024	Commercial LHFI
Other loans secured by real    estate:
Other construction:
Pass - RR 1 through RR 6	$	53,110	$	331,222		$	439,448		$	122,229		$	—		$	—		$	18,541	$	964,550
Special Mention - RR 7		—		—			25,290			15,082			—			—			—		40,372
Substandard - RR 8		60		—			—			—			17,462			—			—		17,522
Doubtful - RR 9		—		—			—			—			—			—			—		—
Total		53,170		331,222			464,738			137,311			17,462			—			18,541		1,022,444
Current period gross    charge-offs		—		—			(2,494	)		—			—			—			—		(2,494	)
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	293,438	$	408,202		$	289,668		$	113,913		$	52,701		$	67,048		$	486,231	$	1,711,201
Special Mention - RR 7		1,731		11,512			30,655			1,310			189			335			25,100		70,832
Substandard - RR 8		4,344		1,602			49,199			12,833			10,970			409			18,509		97,866
Doubtful - RR 9		327		9			159			145			—			55			13		708
Total		299,840		421,325			369,681			128,201			63,860			67,847			529,853		1,880,607
Current period gross    charge-offs		—		(3	)		(317	)		(370	)		(8	)		(77	)		—		(775	)
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	36,151	$	125,577		$	246,825		$	161,360		$	90,875		$	388,235		$	3,992	$	1,053,015
Special Mention - RR 7		—		—			—			—			—			—			—		—
Substandard - RR 8		—		—			—			—			—			—			—		—
Doubtful - RR 9		—		—			—			—			—			—			—		—
Total		36,151		125,577			246,825			161,360			90,875			388,235			3,992		1,053,015
Current period gross    charge-offs		—		—			—			—			—			—			—		—
Other commercial loans and leases:
Pass - RR 1 through RR 6	$	104,879	$	185,138		$	17,709		$	24,899		$	17,886		$	38,984		$	212,365	$	601,860
Special Mention - RR 7		—		—			—			—			180			—			—		180
Substandard - RR 8		968		55			124			112			—			—			906		2,165
Doubtful - RR 9		—		—			—			—			—			—			—		—
Total		105,847		185,193			17,833			25,011			18,066			38,984			213,271		604,205
Current period gross    charge-offs		—		—			(28	)		—			—			(25	)		—		(53	)
Total commercial    LHFI	$	1,181,681	$	1,809,304		$	2,797,519		$	1,335,442		$	942,971		$	1,165,901		$	943,444	$	10,176,262
Total commercial LHFI    gross charge-offs	$	—	$	(3	)	$	(2,839	)	$	(2,782	)	$	(8	)	$	(154	)	$	—	$	(5,786	)

	Term Loans by Origination Year
	2024		2023			2022			2021			2020			Prior			Revolving Loans		Total
As of June 30, 2024	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	12,399	$	39,898		$	7,752		$	4,045		$	1,115		$	2,300		$	2,409	$	69,918
Past due 30-89 days		—		25			—			3			—			12			—		40
Past due 90 days or more		—		—			—			—			—			—			—		—
Nonaccrual		—		—			—			5			—			27			—		32
Total		12,399		39,923			7,752			4,053			1,115			2,339			2,409		69,990
Current period gross    charge-offs		—		—			—			—			—			—			—		—
Other secured by 1-4 family    residential properties:
Current	$	17,683	$	22,415		$	8,508		$	5,436		$	3,978		$	10,221		$	435,337	$	503,578
Past due 30-89 days		1,149		34			63			100			54			342			4,749		6,491
Past due 90 days or more		—		—			—			—			—			65			261		326
Nonaccrual		—		12			101			44			109			486			5,663		6,415
Total		18,832		22,461			8,672			5,580			4,141			11,114			446,010		516,810
Current period gross    charge-offs		—		(49	)		(42	)		(40	)		(9	)		(28	)		—		(168	)
Secured by nonfarm,    nonresidential properties:
Current	$	—	$	—		$	—		$	4		$	—		$	—		$	—	$	4
Past due 30-89 days		—		—			—			—			—			—			—		—
Past due 90 days or more		—		—			—			—			—			—			—		—
Nonaccrual		—		—			—			—			—			—			—		—
Total		—		—			—			4			—			—			—		4
Current period gross    charge-offs		—		—			—			—			—			—			—		—
Other real estate secured:
Current	$	—	$	—		$	—		$	—		$	73		$	40		$	—	$	113
Past due 30-89 days		—		—			—			—			—			—			—		—
Past due 90 days or more		—		—			—			—			—			—			—		—
Nonaccrual		—		—			—			—			—			—			—		—
Total		—		—			—			—			73			40			—		113
Current period gross    charge-offs		—		—			—			—			—			—			—		—

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans			Total
As of June 30, 2024	Consumer LHFI
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	104,531		$	242,772		$	846,347		$	492,916		$	171,148		$	343,828		$	—		$	2,201,542
Past due 30-89 days		—			4,227			13,089			2,706			1,334			1,052			—			22,408
Past due 90 days or more		—			764			2,690			559			209			413			—			4,635
Nonaccrual		—			260			2,476			1,016			651			2,542			—			6,945
Total		104,531			248,023			864,602			497,197			173,342			347,835			—			2,235,530
Current period gross    charge-offs		(33	)		(89	)		(8,948	)		(29	)		—			(92	)		—			(9,191	)
Consumer loans:
Current	$	36,051		$	35,373		$	20,688		$	6,690		$	1,738		$	418		$	53,117		$	154,075
Past due 30-89 days		463			349			170			37			—			21			854			1,894
Past due 90 days or more		3			46			29			32			—			—			303			413
Nonaccrual		13			47			125			76			26			—			40			327
Total		36,530			35,815			21,012			6,835			1,764			439			54,314			156,709
Current period gross    charge-offs		(2,840	)		(495	)		(189	)		(58	)		(35	)		—			(1,315	)		(4,932	)
Total consumer LHFI	$	172,292		$	346,222		$	902,038		$	513,669		$	180,435		$	361,767		$	502,733		$	2,979,156
Total consumer LHFI    gross charge-offs	$	(2,873	)	$	(633	)	$	(9,179	)	$	(127	)	$	(44	)	$	(120	)	$	(1,315	)	$	(14,291	)
Total LHFI	$	1,353,973		$	2,155,526		$	3,699,557		$	1,849,111		$	1,123,406		$	1,527,668		$	1,446,177		$	13,155,418
Total current period    gross charge-offs	$	(2,873	)	$	(636	)	$	(12,018	)	$	(2,909	)	$	(52	)	$	(274	)	$	(1,315	)	$	(20,077	)

	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 June 30, 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 June 30, 2024 and December 31, 2023 ($ in thousands):

	June 30, 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	$	—	$	5,101	$	5,101	$	—		616,528	$	616,528
Other secured by 1-4 family residential    properties		—		10,373		10,373		907		641,858		642,765
Secured by nonfarm, nonresidential    properties		—		41,136		41,136		9,730		3,588,917		3,598,647
Other real estate secured		—		12,037		12,037		—		1,344,968		1,344,968
Other loans secured by real estate:
Other construction		—		13,897		13,897		—		1,022,444		1,022,444
Secured by 1-4 family residential    properties		—		30,647		30,647		1,019		2,234,511		2,235,530
Commercial and industrial loans		11,491		17,244		28,735		14,812		1,865,795		1,880,607
Consumer loans		—		5,645		5,645		—		156,709		156,709
State and other political subdivision loans		—		625		625		—		1,053,015		1,053,015
Other commercial loans and leases		887		5,602		6,489		887		603,318		604,205
Total	$	12,378	$	142,307	$	154,685	$	27,355	$	13,128,063	$	13,155,418

	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 June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Balance at beginning of period	$	142,998		$	122,239		$	139,367		$	120,214
Loans charged-off, sale of 1-4 family mortgage loans		(8,633	)		—			(8,633	)		—
Loans charged-off		(5,120	)		(2,773	)		(11,444	)		(5,769	)
Recoveries		2,111			1,621			4,358			3,398
Net (charge-offs) recoveries		(11,642	)		(1,152	)		(15,719	)		(2,371	)
PCL, LHFI		14,696			8,211			22,404			11,455
PCL, LHFI sale of 1-4 family mortgage loans		8,633			—			8,633			—
Balance at end of period	$	154,685		$	129,298		$	154,685		$	129,298

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

	Three Months Ended June 30, 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	$	5,743	$	—		$	7	$	(649	)	$	5,101
Other secured by 1-4 family residential properties		10,554		(104	)		63		(140	)		10,373
Secured by nonfarm, nonresidential properties		33,292		—			17		7,827			41,136
Other real estate secured		9,251		—			—		2,786			12,037
Other loans secured by real estate:
Other construction		12,065		(2,494	)		255		4,071			13,897
Secured by 1-4 family residential properties		31,946		(8,780	)		27		7,454			30,647
Commercial and industrial loans		27,930		(191	)		272		724			28,735
Consumer loans		5,523		(2,184	)		1,447		859			5,645
State and other political subdivision loans		638		—			—		(13	)		625
Other commercial loans and leases		6,056		—			23		410			6,489
Total	$	142,998	$	(13,753	)	$	2,111	$	23,329		$	154,685

	Three Months Ended June 30, 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	$	13,260	$	—		$	64	$	2,019		$	15,343
Other secured by 1-4 family residential properties		11,918		(86	)		75		266			12,173
Secured by nonfarm, nonresidential properties		18,640		(58	)		10		1,784			20,376
Other real estate secured		2,362		—			2		1,117			3,481
Other loans secured by real estate:
Other construction		14,470		—			18		(111	)		14,377
Secured by 1-4 family residential properties		26,156		(161	)		14		2,546			28,555
Commercial and industrial loans		23,462		(456	)		217		(53	)		23,170
Consumer loans		5,532		(1,989	)		1,221		776			5,540
State and other political subdivision loans		729		—			—		(53	)		676
Other commercial loans and leases		5,710		(23	)		—		(80	)		5,607
Total	$	122,239	$	(2,773	)	$	1,621	$	8,211		$	129,298

	Six Months Ended June 30, 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	)	$	8	$	(12,075	)	$	5,101
Other secured by 1-4 family residential properties		12,942		(180	)		513		(2,902	)		10,373
Secured by nonfarm, nonresidential properties		24,043		(2,428	)		26		19,495			41,136
Other real estate secured		4,488		—			—		7,549			12,037
Other loans secured by real estate:
Other construction		5,758		(2,494	)		272		10,361			13,897
Secured by 1-4 family residential properties		34,794		(9,191	)		65		4,979			30,647
Commercial and industrial loans		26,638		(775	)		470		2,402			28,735
Consumer loans		5,794		(4,932	)		2,952		1,831			5,645
State and other political subdivision loans		646		—			—		(21	)		625
Other commercial loans and leases		7,072		(53	)		52		(582	)		6,489
Total	$	139,367	$	(20,077	)	$	4,358	$	31,037		$	154,685

	Six Months Ended June 30, 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	)	$	72	$	2,457		$	15,343
Other secured by 1-4 family residential properties		12,374		(120	)		122		(203	)		12,173
Secured by nonfarm, nonresidential properties		19,488		(86	)		106		868			20,376
Other real estate secured		4,743		—			5		(1,267	)		3,481
Other loans secured by real estate:
Other construction		15,132		—			48		(803	)		14,377
Secured by 1-4 family residential properties		21,185		(455	)		20		7,805			28,555
Commercial and industrial loans		23,140		(927	)		487		470			23,170
Consumer loans		5,792		(4,144	)		2,538		1,354			5,540
State and other political subdivision loans		885		—			—		(209	)		676
Other commercial loans and leases		4,647		(23	)		—		983			5,607
Total	$	120,214	$	(5,769	)	$	3,398	$	11,455		$	129,298