XML 48 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

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

 

 

Three Months Ended June 30, 2024

 

 

Three Months Ended June 30, 2023

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,903

 

 

$

 

 

$

10,903

 

 

$

10,673

 

 

$

 

 

$

10,673

 

Bank card and other fees

 

 

8,428

 

 

 

758

 

 

 

9,186

 

 

 

8,036

 

 

 

868

 

 

 

8,904

 

Mortgage banking, net

 

 

 

 

 

4,204

 

 

 

4,204

 

 

 

 

 

 

6,600

 

 

 

6,600

 

Wealth management

 

 

174

 

 

 

 

 

 

174

 

 

 

215

 

 

 

 

 

 

215

 

Other, net

 

 

7,251

 

 

 

78

 

 

 

7,329

 

 

 

2,932

 

 

 

(329

)

 

 

2,603

 

Security gains (losses), net

 

 

 

 

 

(182,792

)

 

 

(182,792

)

 

 

 

 

 

 

 

 

 

Total noninterest income (loss)

 

$

26,756

 

 

$

(177,752

)

 

$

(150,996

)

 

$

21,856

 

 

$

7,139

 

 

$

28,995

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21

 

 

$

 

 

$

21

 

 

$

22

 

 

$

 

 

$

22

 

Bank card and other fees

 

 

39

 

 

 

 

 

 

39

 

 

 

13

 

 

 

 

 

 

13

 

Wealth management

 

 

9,518

 

 

 

 

 

 

9,518

 

 

 

8,667

 

 

 

 

 

 

8,667

 

Other, net

 

 

38

 

 

 

94

 

 

 

132

 

 

 

36

 

 

 

96

 

 

 

132

 

Total noninterest income

 

$

9,616

 

 

$

94

 

 

$

9,710

 

 

$

8,738

 

 

$

96

 

 

$

8,834

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,924

 

 

$

 

 

$

10,924

 

 

$

10,695

 

 

$

 

 

$

10,695

 

Bank card and other fees

 

 

8,467

 

 

 

758

 

 

 

9,225

 

 

 

8,049

 

 

 

868

 

 

 

8,917

 

Mortgage banking, net

 

 

 

 

 

4,204

 

 

 

4,204

 

 

 

 

 

 

6,600

 

 

 

6,600

 

Wealth management

 

 

9,692

 

 

 

 

 

 

9,692

 

 

 

8,882

 

 

 

 

 

 

8,882

 

Other, net

 

 

7,289

 

 

 

172

 

 

 

7,461

 

 

 

2,968

 

 

 

(233

)

 

 

2,735

 

Security gains (losses), net

 

 

 

 

 

(182,792

)

 

 

(182,792

)

 

 

 

 

 

 

 

 

 

Total noninterest income (loss)

 

$

36,372

 

 

$

(177,658

)

 

$

(141,286

)

 

$

30,594

 

 

$

7,235

 

 

$

37,829

 

(1)
Noninterest income (loss) 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, 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, 2024

 

 

Six Months Ended June 30, 2023

 

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

 

Topic 606

 

 

Not Topic
606
(1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21,839

 

 

$

 

 

$

21,839

 

 

$

20,988

 

 

$

 

 

$

20,988

 

Bank card and other fees

 

 

15,620

 

 

 

958

 

 

 

16,578

 

 

 

15,679

 

 

 

1,017

 

 

 

16,696

 

Mortgage banking, net

 

 

 

 

 

13,119

 

 

 

13,119

 

 

 

 

 

 

14,239

 

 

 

14,239

 

Wealth management

 

 

363

 

 

 

 

 

 

363

 

 

 

448

 

 

 

 

 

 

448

 

Other, net

 

 

10,599

 

 

 

(304

)

 

 

10,295

 

 

 

5,920

 

 

 

(937

)

 

 

4,983

 

Security gains (losses), net

 

 

 

 

 

(182,792

)

 

 

(182,792

)

 

 

 

 

 

 

 

 

 

Total noninterest income (loss)

 

$

48,421

 

 

$

(169,019

)

 

$

(120,598

)

 

$

43,035

 

 

$

14,319

 

 

$

57,354

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

43

 

 

$

 

 

$

43

 

 

$

43

 

 

$

 

 

$

43

 

Bank card and other fees

 

 

75

 

 

 

 

 

 

75

 

 

 

24

 

 

 

 

 

 

24

 

Wealth management

 

 

18,281

 

 

 

 

 

 

18,281

 

 

 

17,214

 

 

 

 

 

 

17,214

 

Other, net

 

 

80

 

 

 

188

 

 

 

268

 

 

 

81

 

 

 

191

 

 

 

272

 

Total noninterest income

 

$

18,479

 

 

$

188

 

 

$

18,667

 

 

$

17,362

 

 

$

191

 

 

$

17,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21,882

 

 

$

 

 

$

21,882

 

 

$

21,031

 

 

$

 

 

$

21,031

 

Bank card and other fees

 

 

15,695

 

 

 

958

 

 

 

16,653

 

 

 

15,703

 

 

 

1,017

 

 

 

16,720

 

Mortgage banking, net

 

 

 

 

 

13,119

 

 

 

13,119

 

 

 

 

 

 

14,239

 

 

 

14,239

 

Wealth management

 

 

18,644

 

 

 

 

 

 

18,644

 

 

 

17,662

 

 

 

 

 

 

17,662

 

Other, net

 

 

10,679

 

 

 

(116

)

 

 

10,563

 

 

 

6,001

 

 

 

(746

)

 

 

5,255

 

Security gains (losses), net

 

 

 

 

 

(182,792

)

 

 

(182,792

)

 

 

 

 

 

 

 

 

 

Total noninterest income (loss)

 

$

66,900

 

 

$

(168,831

)

 

$

(101,931

)

 

$

60,397

 

 

$

14,510

 

 

$

74,907

 

(1)
Noninterest income (loss) 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, 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.