LHFI and ACL, LHFI (Tables)

9 Months Ended

Sep. 30, 2024

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

Loan Portfolio Held for Investment

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

	September 30, 2024		December 31, 2023
Loans secured by real estate:
Construction, land development and other land	$	614,787	$	642,886
Other secured by 1-4 family residential properties		647,843		622,397
Secured by nonfarm, nonresidential properties		3,582,552		3,489,434
Other real estate secured		1,475,798		1,312,551
Other loans secured by real estate:
Other construction		973,469		867,793
Secured by 1-4 family residential properties		2,247,163		2,282,318
Commercial and industrial loans		1,767,079		1,922,910
Consumer loans		152,611		165,734
State and other political subdivision loans		996,002		1,088,466
Other commercial loans and leases		642,807		556,035
LHFI		13,100,111		12,950,524
Less ACL		157,929		139,367
Net LHFI	$	12,942,182	$	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 September 30, 2024 and December 31, 2023 ($ in thousands):

	September 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	$	—	$	362	$	—
Other secured by 1-4 family residential properties		870		6,168		889
Secured by nonfarm, nonresidential properties		10,558		12,156		—
Other real estate secured		1,989		2,122		—
Other loans secured by real estate:
Other construction		—		60		—
Secured by 1-4 family residential properties		1,577		19,966		4,019
Commercial and industrial loans		23		31,710		—
Consumer loans		—		243		444
Other commercial loans and leases		—		1,038		—
Total	$	15,017	$	73,825	$	5,352

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

	September 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	$	249	$	213	$	188	$	650	$	614,137	$	614,787
Other secured by 1-4 family residential    properties		6,054		2,588		3,748		12,390		635,453		647,843
Secured by nonfarm, nonresidential    properties		2,137		3,917		793		6,847		3,575,705		3,582,552
Other real estate secured		518		—		28		546		1,475,252		1,475,798
Other loans secured by real estate:
Other construction		60		—		—		60		973,409		973,469
Secured by 1-4 family residential properties		18,517		7,316		14,313		40,146		2,207,017		2,247,163
Commercial and industrial loans		4,221		421		9,391		14,033		1,753,046		1,767,079
Consumer loans		1,788		628		448		2,864		149,747		152,611
State and other political subdivision loans		44		—		—		44		995,958		996,002
Other commercial loans and leases		2,407		8		20		2,435		640,372		642,807
Total	$	35,995	$	15,091	$	28,929	$	80,015	$	13,020,096	$	13,100,111

	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 September 30, 2024
	Payment Concession		Term Extension		Total		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties	$	—	$	886	$	886		0.14	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		30		30		0.00	%
Commercial and industrial loans		6,207		—		6,207		0.35	%
Total	$	6,207	$	916	$	7,123		0.05	%

	Three Months Ended September 30, 2023
	Term Extension		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	96		0.02	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		346		0.02	%
Total	$	442		0.00	%

	Nine Months Ended September 30, 2024
	Payment Concession		Term Extension		Total		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	—	$	2,638	$	2,638		0.41	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		30		30		0.00	%
Commercial and industrial loans		6,207		—		6,207		0.35	%
Total	$	6,207	$	2,668	$	8,875		0.07	%

	Nine Months Ended September 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	$	—	$	494	$	494		0.08	%
Secured by nonfarm, nonresidential    properties		—		370		370		0.01	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		912		912		0.04	%
Commercial and industrial loans		255		—		255		0.01	%
Consumer loans		—		40		40		0.02	%
Other commercial loans and leases		116		31		147		0.03	%
Total	$	371	$	1,847	$	2,218		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 September 30, 2024
	Financial Effect
	Payment Concessions	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified two loans and seven lines of credit to amortize over 24 month terms
Other loans secured by real estate:
Secured by 1-4 family residential properties		Modified one loan to amortize over 24 month term
Commercial and industrial loans	Thirty-four month principal payment deferral

	Three Months Ended September 30, 2023
	Financial Effect
	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties	Modified lines of credit to amortize over 12 month and 24 month terms
Other loans secured by real estate:
Secured by 1-4 family residential properties	Extended amortization on loans with term adjusted by weighted-average 10.6 years

	Nine Months Ended September 30, 2024
	Financial Effect
	Payment Concessions	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified three loans and twenty-seven lines to amortize over 24 month terms
Other loans secured by real estate:
Secured by 1-4 family residential properties		Modified one loan to amortize over 24 month term
Commercial and industrial loans	Thirty-four month principal payment deferral

	Nine Months Ended September 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 12 month and 24 month terms
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 3.2 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 deferral	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 September 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	$	—	$	—	$	—	$	—	$	886	$	886
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		30		30
Commercial and industrial loans		—		—		—		—		6,207		6,207
Total	$	—	$	—	$	—	$	—	$	7,123	$	7,123

	Three Months Ended September 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	$	—	$	—	$	—	$	—	$	96	$	96
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		346		346
Total	$	—	$	—	$	—	$	—	$	442	$	442

	Nine Months Ended September 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	$	114	$	50	$	42	$	206	$	2,432	$	2,638
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		30		30
Commercial and industrial loans		—		—		—		—		6,207		6,207
Total	$	114	$	50	$	42	$	206	$	8,669	$	8,875

	Nine Months Ended September 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	$	272	$	—	$	—	$	272	$	222	$	494
Secured by nonfarm, nonresidential    properties		—		—		—		—		370		370
Other loans secured by real estate:
Secured by 1-4 family residential properties		170		—		—		170		742		912
Commercial and industrial loans		—		—		—		—		255		255
Consumer loans		20		—		—		20		20		40
Other commercial loans and leases		—		—		—		—		147		147
Total	$	462	$	—	$	—	$	462	$	1,756	$	2,218

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

	September 30, 2024
	Real Estate		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Other secured by 1-4 family    residential properties	$	870	$	—	$	—	$	870
Secured by nonfarm, nonresidential    properties		10,558		—		—		10,558
Other real estate secured		1,989		—		—		1,989
Other loans secured by real estate:
Secured by 1-4 family residential    properties		1,577		—		—		1,577
Commercial and industrial loans		—		2,086		27,554		29,640
Other commercial loans and leases		—		—		906		906
Total	$	14,994	$	2,086	$	28,460	$	45,540

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

	Term Loans by Origination Year
	2024		2023		2022		2021			2020		Prior			Revolving Loans		Total
As of September 30, 2024	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	313,423	$	115,646	$	39,923	$	25,444		$	8,471	$	2,409		$	42,086	$	547,402
Special Mention - RR 7		2,575		989		—		—			—		—			553		4,117
Substandard - RR 8		5		65		64		—			17		—			165		316
Doubtful - RR 9		—		—		—		—			—		—			—		—
Total		316,003		116,700		39,987		25,444			8,488		2,409			42,804		551,835
Current period gross    charge-offs		—		—		—		—			—		(24	)		—		(24	)
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	23,695	$	25,412	$	23,921	$	25,271		$	12,086	$	3,804		$	7,859	$	122,048
Special Mention - RR 7		27		—		—		36			—		—			—		63
Substandard - RR 8		51		887		578		334			—		202			30		2,082
Doubtful - RR 9		—		—		—		—			—		—			—		—
Total		23,773		26,299		24,499		25,641			12,086		4,006			7,889		124,193
Current period gross    charge-offs		—		—		—		—			—		(12	)		—		(12	)
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	498,807	$	416,459	$	936,901	$	475,161		$	481,754	$	420,554		$	101,623	$	3,331,259
Special Mention - RR 7		—		—		55,301		—			32,937		3,400			—		91,638
Substandard - RR 8		8,664		6,847		34,486		28,222			23,510		57,905			—		159,634
Doubtful - RR 9		13		—		—		—			—		8			—		21
Total		507,484		423,306		1,026,688		503,383			538,201		481,867			101,623		3,582,552
Current period gross    charge-offs		—		—		—		(2,412	)		—		(16	)		—		(2,428	)
Other real estate secured:
Pass - RR 1 through RR 6	$	168,609	$	97,427	$	649,069	$	260,090		$	139,030	$	44,283		$	7,461	$	1,365,969
Special Mention - RR 7		—		—		25,348		27,448			—		—			426		53,222
Substandard - RR 8		14,632		—		963		15,046			258		25,426			—		56,325
Doubtful - RR 9		42		—		—		—			—		—			—		42
Total		183,283		97,427		675,380		302,584			139,288		69,709			7,887		1,475,558
Current period gross    charge-offs		—		—		—		—			—		—			—		—

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans			Total
As of September 30, 2024	Commercial LHFI
Other loans secured by real    estate:
Other construction:
Pass - RR 1 through RR 6	$	90,334		$	421,500		$	305,414		$	54,232		$	—		$	—		$	29,914		$	901,394
Special Mention - RR 7		—			—			43,443			9,393			—			—			—			52,836
Substandard - RR 8		60			—			—			—			19,179			—			—			19,239
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		90,394			421,500			348,857			63,625			19,179			—			29,914			973,469
Current period gross    charge-offs		—			—			(2,494	)		—			—			—			—			(2,494	)
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	383,881		$	380,031		$	265,702		$	102,706		$	52,400		$	45,251		$	406,087		$	1,636,058
Special Mention - RR 7		—			615			14,201			52			—			—			18,877			33,745
Substandard - RR 8		7,496			1,923			57,073			12,683			970			367			16,216			96,728
Doubtful - RR 9		227			—			173			145			—			3			—			548
Total		391,604			382,569			337,149			115,586			53,370			45,621			441,180			1,767,079
Current period gross    charge-offs		(128	)		(85	)		(430	)		(461	)		(86	)		(3,111	)		(85	)		(4,386	)
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	55,360		$	121,591		$	244,434		$	157,287		$	83,156		$	331,105		$	3,069		$	996,002
Special Mention - RR 7		—			—			—			—			—			—			—			—
Substandard - RR 8		—			—			—			—			—			—			—			—
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		55,360			121,591			244,434			157,287			83,156			331,105			3,069			996,002
Current period gross    charge-offs		—			—			—			—			—			—			—			—
Other commercial loans and leases:
Pass - RR 1 through RR 6	$	145,848		$	179,925		$	19,906		$	32,234		$	17,013		$	32,572		$	212,999		$	640,497
Special Mention - RR 7		—			—			140			70			—			—			—			210
Substandard - RR 8		873			96			128			22			—			—			981			2,100
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		146,721			180,021			20,174			32,326			17,013			32,572			213,980			642,807
Current period gross    charge-offs		—			—			(28	)		—			—			(25	)		—			(53	)
Total commercial    LHFI	$	1,714,622		$	1,769,413		$	2,717,168		$	1,225,876		$	870,781		$	967,289		$	848,346		$	10,113,495
Total commercial LHFI    gross charge-offs	$	(128	)	$	(85	)	$	(2,952	)	$	(2,873	)	$	(86	)	$	(3,188	)	$	(85	)	$	(9,397	)

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans		Total
As of September 30, 2024	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	21,981		$	27,681		$	4,712		$	3,735		$	1,079		$	2,076		$	1,175	$	62,439
Past due 30-89 days		—			311			118			—			—			32			—		461
Past due 90 days or more		—			—			—			—			—			—			—		—
Nonaccrual		—			—			23			4			—			25			—		52
Total		21,981			27,992			4,853			3,739			1,079			2,133			1,175		62,952
Current period gross    charge-offs		—			—			—			—			—			(8	)		—		(8	)
Other secured by 1-4 family    residential properties:
Current	$	19,886		$	20,261		$	7,529		$	5,367		$	3,747		$	9,421		$	444,331	$	510,542
Past due 30-89 days		1,726			264			59			65			49			676			4,060		6,899
Past due 90 days or more		55			—			8			—			—			162			615		840
Nonaccrual		35			29			66			46			104			586			4,503		5,369
Total		21,702			20,554			7,662			5,478			3,900			10,845			453,509		523,650
Current period gross    charge-offs		(28	)		(29	)		(206	)		(40	)		(14	)		(52	)		—		(369	)
Other real estate secured:
Current	$	136		$	—		$	—		$	—		$	70		$	34		$	—	$	240
Past due 30-89 days		—			—			—			—			—			—			—		—
Past due 90 days or more		—			—			—			—			—			—			—		—
Nonaccrual		—			—			—			—			—			—			—		—
Total		136			—			—			—			70			34			—		240
Current period gross    charge-offs		—			—			—			—			—			—			—		—

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans			Total
As of September 30, 2024	Consumer LHFI
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	174,559		$	234,420		$	827,385		$	471,999		$	166,513		$	325,051		$	—		$	2,199,927
Past due 30-89 days		632			4,345			10,101			5,510			850			1,815			—			23,253
Past due 90 days or more		273			828			2,359			327			198			34			—			4,019
Nonaccrual		—			2,072			10,612			2,806			1,233			3,241			—			19,964
Total		175,464			241,665			850,457			480,642			168,794			330,141			—			2,247,163
Current period gross    charge-offs		—			(143	)		(9,466	)		(106	)		(1	)		(107	)		—			(9,823	)
Consumer loans:
Current	$	46,034		$	27,761		$	15,546		$	5,548		$	1,460		$	235		$	52,980		$	149,564
Past due 30-89 days		697			422			238			40			1			8			954			2,360
Past due 90 days or more		49			26			15			—			—			—			353			443
Nonaccrual		24			30			77			67			23			—			23			244
Total		46,804			28,239			15,876			5,655			1,484			243			54,310			152,611
Current period gross    charge-offs		(4,413	)		(650	)		(373	)		(94	)		(88	)		—			(2,004	)		(7,622	)
Total consumer LHFI	$	266,087		$	318,450		$	878,848		$	495,514		$	175,327		$	343,396		$	508,994		$	2,986,616
Total consumer LHFI    gross charge-offs	$	(4,441	)	$	(822	)	$	(10,045	)	$	(240	)	$	(103	)	$	(167	)	$	(2,004	)	$	(17,822	)
Total LHFI	$	1,980,709		$	2,087,863		$	3,596,016		$	1,721,390		$	1,046,108		$	1,310,685		$	1,357,340		$	13,100,111
Total current period    gross charge-offs	$	(4,569	)	$	(907	)	$	(12,997	)	$	(3,113	)	$	(189	)	$	(3,355	)	$	(2,089	)	$	(27,219	)

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

	September 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	$	—	$	6,121	$	6,121	$	—		614,787	$	614,787
Other secured by 1-4 family residential    properties		—		10,729		10,729		870		646,973		647,843
Secured by nonfarm, nonresidential    properties		—		36,287		36,287		10,558		3,571,994		3,582,552
Other real estate secured		—		13,071		13,071		1,989		1,473,809		1,475,798
Other loans secured by real estate:
Other construction		—		13,841		13,841		—		973,469		973,469
Secured by 1-4 family residential    properties		—		31,742		31,742		1,577		2,245,586		2,247,163
Commercial and industrial loans		16,390		16,155		32,545		29,640		1,737,439		1,767,079
Consumer loans		—		5,699		5,699		—		152,611		152,611
State and other political subdivision loans		—		1,166		1,166		—		996,002		996,002
Other commercial loans and leases		896		5,832		6,728		906		641,901		642,807
Total	$	17,286	$	140,643	$	157,929	$	45,540	$	13,054,571	$	13,100,111

	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 September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Balance at beginning of period	$	154,685		$	129,298		$	139,367		$	120,214
Loans charged-off, sale of 1-4 family mortgage loans		—			—			(8,633	)		—
Loans charged-off		(7,142	)		(7,496	)		(18,586	)		(13,265	)
Recoveries		2,463			3,907			6,821			7,305
Net (charge-offs) recoveries		(4,679	)		(3,589	)		(20,398	)		(5,960	)
PCL, LHFI		7,923			8,322			30,327			19,777
PCL, LHFI sale of 1-4 family mortgage loans		—			—			8,633			—
Balance at end of period	$	157,929		$	134,031		$	157,929		$	134,031

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

	Three Months Ended September 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	$	5,101	$	(8	)	$	614	$	414		$	6,121
Other secured by 1-4 family residential properties		10,373		(201	)		55		502			10,729
Secured by nonfarm, nonresidential properties		41,136		—			20		(4,869	)		36,287
Other real estate secured		12,037		—			—		1,034			13,071
Other loans secured by real estate:
Other construction		13,897		—			69		(125	)		13,841
Secured by 1-4 family residential properties		30,647		(632	)		16		1,711			31,742
Commercial and industrial loans		28,735		(3,611	)		193		7,228			32,545
Consumer loans		5,645		(2,690	)		1,496		1,248			5,699
State and other political subdivision loans		625		—			—		541			1,166
Other commercial loans and leases		6,489		—			—		239			6,728
Total	$	154,685	$	(7,142	)	$	2,463	$	7,923		$	157,929

	Three Months Ended September 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	$	15,343	$	(228	)	$	22	$	2,104		$	17,241
Other secured by 1-4 family residential properties		12,173		(110	)		43		457			12,563
Secured by nonfarm, nonresidential properties		20,376		(192	)		2,216		898			23,298
Other real estate secured		3,481		—			—		84			3,565
Other loans secured by real estate:
Other construction		14,377		(3,453	)		15		(4,633	)		6,306
Secured by 1-4 family residential properties		28,555		(448	)		7		2,030			30,144
Commercial and industrial loans		23,170		(635	)		267		953			23,755
Consumer loans		5,540		(2,421	)		1,337		1,348			5,804
State and other political subdivision loans		676		—			—		(11	)		665
Other commercial loans and leases		5,607		(9	)		—		5,092			10,690
Total	$	129,298	$	(7,496	)	$	3,907	$	8,322		$	134,031

	Nine Months Ended September 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	$	(32	)	$	622	$	(11,661	)	$	6,121
Other secured by 1-4 family residential properties		12,942		(381	)		568		(2,400	)		10,729
Secured by nonfarm, nonresidential properties		24,043		(2,428	)		46		14,626			36,287
Other real estate secured		4,488		—			—		8,583			13,071
Other loans secured by real estate:
Other construction		5,758		(2,494	)		341		10,236			13,841
Secured by 1-4 family residential properties		34,794		(9,823	)		81		6,690			31,742
Commercial and industrial loans		26,638		(4,386	)		663		9,630			32,545
Consumer loans		5,794		(7,622	)		4,448		3,079			5,699
State and other political subdivision loans		646		—			—		520			1,166
Other commercial loans and leases		7,072		(53	)		52		(343	)		6,728
Total	$	139,367	$	(27,219	)	$	6,821	$	38,960		$	157,929

	Nine Months Ended September 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	$	(242	)	$	94	$	4,561		$	17,241
Other secured by 1-4 family residential properties		12,374		(230	)		165		254			12,563
Secured by nonfarm, nonresidential properties		19,488		(278	)		2,322		1,766			23,298
Other real estate secured		4,743		—			5		(1,183	)		3,565
Other loans secured by real estate:
Other construction		15,132		(3,453	)		63		(5,436	)		6,306
Secured by 1-4 family residential properties		21,185		(903	)		27		9,835			30,144
Commercial and industrial loans		23,140		(1,562	)		754		1,423			23,755
Consumer loans		5,792		(6,565	)		3,875		2,702			5,804
State and other political subdivision loans		885		—			—		(220	)		665
Other commercial loans and leases		4,647		(32	)		—		6,075			10,690
Total	$	120,214	$	(13,265	)	$	7,305	$	19,777		$	134,031