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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 587,362 $ 567,251
Securities available for sale, at fair value (amortized cost: $1,731,866 - 2025 $1,719,537-2024; allowance for credit losses (ACL): $0) 1,737,462 1,692,534
Securities held to maturity, net of ACL of $0 (fair value: $1,259,898 - 2025; $1,259,107-2024) 1,315,053 1,335,385
Loans held for sale (LHFS) 188,689 200,307
Loans held for investment (LHFI) 13,241,469 13,089,942
Less ACL, LHFI 167,010 160,270
Net LHFI 13,074,459 12,929,672
Premises and equipment, net 231,202 235,410
Mortgage servicing rights (MSR) 134,395 139,317
Goodwill 334,605 334,605
Other real estate, net 8,348 5,917
Operating lease right-of-use assets 33,861 34,668
Other assets [1] 650,767 677,356
Total Assets 18,296,203 18,152,422
Deposits:    
Noninterest-bearing 3,069,929 3,073,565
Interest-bearing 12,010,775 12,034,610
Total deposits 15,080,704 15,108,175
Federal funds purchased and securities sold under repurchase agreements 360,080 324,008
Other borrowings 404,815 301,541
Subordinated notes 123,757 123,702
Junior subordinated debt securities 61,856 61,856
ACL on off-balance sheet credit exposures 26,561 29,392
Operating lease liabilities 37,917 38,698
Other liabilities 179,286 202,723
Total Liabilities 16,274,976 16,190,095
Shareholders' Equity    
Authorized: 250,000,000 shares Issued and outstanding: 60,718,411shares - 2025; 61,008,023 shares - 2024 12,651 12,711
Capital surplus 143,001 157,899
Retained earnings 1,914,277 1,875,376
Accumulated other comprehensive income (loss), net of tax (48,702) (83,659)
Total Shareholders' Equity 2,021,227 1,962,327
Total Liabilities and Shareholders' Equity $ 18,296,203 $ 18,152,422
[1]

(1) During the first quarter of 2025, Trustmark reclassified its identifiable intangible assets, net to other assets. The prior period has been reclassified accordingly.