LHFI and ACL, LHFI (Tables)

3 Months Ended

Mar. 31, 2025

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

Loan Portfolio Held for Investment

At March 31, 2025 and December 31, 2024, LHFI consisted of the following ($ in thousands):

	March 31, 2025		December 31, 2024
Loans secured by real estate:
Construction, land development and other land	$	599,325	$	587,244
Other secured by 1-4 family residential properties		665,422		650,550
Secured by nonfarm, nonresidential properties		3,532,842		3,533,282
Other real estate secured		1,876,459		1,633,830
Other loans secured by real estate:
Other construction		722,306		829,904
Secured by 1-4 family residential properties		2,308,556		2,298,993
Commercial and industrial loans		1,765,893		1,840,722
Consumer loans		157,935		156,569
State and other political subdivision loans		974,300		969,836
Other commercial loans and leases		638,431		589,012
LHFI		13,241,469		13,089,942
Less ACL		167,010		160,270
Net LHFI	$	13,074,459	$	12,929,672

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, 2025 and December 31, 2024 ($ in thousands):

	March 31, 2025
	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	$	—	$	433	$	—
Other secured by 1-4 family residential properties		502		7,670		586
Secured by nonfarm, nonresidential properties		426		13,185		—
Other real estate secured		268		335		—
Other loans secured by real estate:
Secured by 1-4 family residential properties		1,533		39,554		3,162
Commercial and industrial loans		36		24,190		—
Consumer loans		—		360		607
Other commercial loans and leases		—		893		—
Total	$	2,765	$	86,620	$	4,355

	December 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	$	—	$	366	$	159
Other secured by 1-4 family residential properties		521		7,275		266
Secured by nonfarm, nonresidential properties		426		13,061		—
Other real estate secured		1,904		1,984		—
Other loans secured by real estate:
Secured by 1-4 family residential properties		1,533		31,583		3,253
Commercial and industrial loans		16		24,525		—
Consumer loans		—		236		414
Other commercial loans and leases		—		1,079		—
Total	$	4,400	$	80,109	$	4,092

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, 2025 and December 31, 2024 ($ in thousands):

	March 31, 2025
	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	$	2,284	$	1,644	$	182	$	4,110	$	595,215	$	599,325
Other secured by 1-4 family residential    properties		5,765		1,668		3,138		10,571		654,851		665,422
Secured by nonfarm, nonresidential    properties		11,016		—		3,566		14,582		3,518,260		3,532,842
Other real estate secured		49		35		296		380		1,876,079		1,876,459
Other loans secured by real estate:
Other construction		—		—		—		—		722,306		722,306
Secured by 1-4 family residential properties		11,841		7,187		26,134		45,162		2,263,394		2,308,556
Commercial and industrial loans		1,399		394		20,572		22,365		1,743,528		1,765,893
Consumer loans		1,180		510		611		2,301		155,634		157,935
State and other political subdivision loans		—		—		—		—		974,300		974,300
Other commercial loans and leases		77		65		—		142		638,289		638,431
Total	$	33,611	$	11,503	$	54,499	$	99,613	$	13,141,856	$	13,241,469

	December 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	$	199	$	—	$	324	$	523	$	586,721	$	587,244
Other secured by 1-4 family residential    properties		5,656		1,821		3,223		10,700		639,850		650,550
Secured by nonfarm, nonresidential    properties		1,488		380		3,111		4,979		3,528,303		3,533,282
Other real estate secured		1,979		—		28		2,007		1,631,823		1,633,830
Other loans secured by real estate:
Other construction		—		—		—		—		829,904		829,904
Secured by 1-4 family residential properties		17,898		7,111		21,524		46,533		2,252,460		2,298,993
Commercial and industrial loans		1,114		13,300		8,835		23,249		1,817,473		1,840,722
Consumer loans		1,930		600		414		2,944		153,625		156,569
State and other political subdivision loans		24		—		—		24		969,812		969,836
Other commercial loans and leases		168		67		69		304		588,708		589,012
Total	$	30,456	$	23,279	$	37,528	$	91,263	$	12,998,679	$	13,089,942

Impact of Modifications Classified as Troubled Debt Restructurings

The following tables present the amortized cost of LHFI of loans modified to borrowers experiencing financial difficulty disaggregated by class of loan and type of modification at the end of each of the periods presented ($ 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, 2025
	Payment Concession		Term Extension		Total		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	—	$	747	$	747		0.11	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		2,190		2,190		0.09	%
Commercial and industrial loans		12,467		—		12,467		0.71	%
Total	$	12,467	$	2,937	$	15,404		0.12	%

	Three Months Ended March 31, 2024
	Term Extension		Total		% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential    properties	$	1,461	$	1,461		0.23	%
Other loans secured by real estate:
Secured by 1-4 family residential properties		813		813		0.04	%
Total	$	2,274	$	2,274		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 March 31, 2025
	Financial Effect
	Payment Concessions	Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified one loan and eleven lines of credit to amortize over 24 month terms
Other loans secured by real estate:
Secured by 1-4 family residential properties		Re-amortized twelve loans with term adjusted by weighted-average of 29 months
Commercial and industrial loans	Eight monthly interest payments deferred

	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.

Past Due Modifications Related To Loans Held For Investment

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

	Three Months Ended March 31, 2025
	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	$	339	$	85	$	201	$	625	$	2,347	$	2,972
Other loans secured by real estate:
Secured by 1-4 family residential properties		—		—		—		—		2,316		2,316
Commercial and industrial loans		—		—		18,675		18,675		—		18,675
Total	$	339	$	85	$	18,876	$	19,300	$	4,663	$	23,963

	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

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, 2025 and December 31, 2024 ($ in thousands):

	March 31, 2025
	Real Estate		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Other secured by 1-4 family residential properties	$	502	$	—	$	—	$	502
Secured by nonfarm, nonresidential properties		9,742		—		—		9,742
Other real estate secured		268		—		—		268
Other loans secured by real estate:
Secured by 1-4 family residential properties		1,533		—		—		1,533
Commercial and industrial loans		—		1,713		20,347		22,060
Other commercial loans and leases		—		—		887		887
Total	$	12,045	$	1,713	$	21,234	$	34,992

	December 31, 2024
	Real Estate		Vehicles		Miscellaneous		Total
Loans secured by real estate:
Other secured by 1-4 family residential properties	$	521	$	—	$	—	$	521
Secured by nonfarm, nonresidential properties		9,783		—		—		9,783
Other real estate secured		1,904		—		—		1,904
Other loans secured by real estate:
Secured by 1-4 family residential properties		1,533		—		—		1,533
Commercial and industrial loans		—		1,818		20,685		22,503
Other commercial loans and leases		—		—		896		896
Total	$	13,741	$	1,818	$	21,581	$	37,140

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, 2025 and December 31, 2024 ($ in thousands):

	Term Loans by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Total
As of March 31, 2025	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	70,634	$	296,047	$	65,320	$	29,501	$	20,721	$	8,762	$	45,340	$	536,325
Special Mention - RR 7		—		—		—		—		—		—		—		—
Substandard - RR 8		819		1,659		884		637		88		—		174		4,261
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		71,453		297,706		66,204		30,138		20,809		8,762		45,514		540,586
Current period gross    charge-offs		—		—		—		—		—		—		—		—
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	7,708	$	30,796	$	22,318	$	21,903	$	23,150	$	12,404	$	8,066	$	126,345
Special Mention - RR 7		—		26		—		—		27		—		—		53
Substandard - RR 8		43		118		659		569		288		105		24		1,806
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		7,751		30,940		22,977		22,472		23,465		12,509		8,090		128,204
Current period gross    charge-offs		—		—		—		—		—		—		—		—
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	245,315	$	468,349	$	429,995	$	835,293	$	416,121	$	740,341	$	113,080	$	3,248,494
Special Mention - RR 7		17,343		15,575		—		67,871		—		21,230		—		122,019
Substandard - RR 8		8,364		8,442		692		43,291		37,115		64,413		—		162,317
Doubtful - RR 9		6		—		—		—		—		6		—		12
Total		271,028		492,366		430,687		946,455		453,236		825,990		113,080		3,532,842
Current period gross    charge-offs		—		—		—		—		—		—		—		—
Other real estate secured:
Pass - RR 1 through RR 6	$	73,554	$	86,071	$	275,593	$	839,363	$	253,955	$	150,901	$	8,154	$	1,687,591
Special Mention - RR 7		10,629		—		34,975		—		—		—		153		45,757
Substandard - RR 8		—		14,596		7,450		67,077		27,807		25,446		317		142,693
Doubtful - RR 9		—		—		—		—		—		—		—		—
Total		84,183		100,667		318,018		906,440		281,762		176,347		8,624		1,876,041
Current period gross    charge-offs		—		—		—		—		—		—		—		—

	Term Loans by Origination Year
	2025		2024			2023			2022			2021			Prior			Revolving Loans			Total
As of March 31, 2025	Commercial LHFI
Other loans secured by real    estate:
Other construction:
Pass - RR 1 through RR 6	$	21,216	$	166,049		$	366,836		$	97,996		$	—		$	—		$	30,720		$	682,817
Special Mention - RR 7		—		—			—			—			—			—			—			—
Substandard - RR 8		—		—			2,250			17,820			—			19,419			—			39,489
Doubtful - RR 9		—		—			—			—			—			—			—			—
Total		21,216		166,049			369,086			115,816			—			19,419			30,720			722,306
Current period gross    charge-offs		—		—			—			—			—			—			—			—
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	153,465	$	417,609		$	340,620		$	245,002		$	73,691		$	45,827		$	422,486		$	1,698,700
Special Mention - RR 7		—		—			511			11,464			22			—			12,348			24,345
Substandard - RR 8		2,280		5,284			1,008			10,075			4,204			13,132			6,341			42,324
Doubtful - RR 9		—		227			—			60			145			2			90			524
Total		155,745		423,120			342,139			266,601			78,062			58,961			441,265			1,765,893
Current period gross    charge-offs		—		(51	)		(149	)		(140	)		(159	)		(252	)		(130	)		(881	)
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	29,446	$	148,168		$	79,847		$	209,418		$	130,610		$	370,046		$	6,765		$	974,300
Special Mention - RR 7		—		—			—			—			—			—			—			—
Substandard - RR 8		—		—			—			—			—			—			—			—
Doubtful - RR 9		—		—			—			—			—			—			—			—
Total		29,446		148,168			79,847			209,418			130,610			370,046			6,765			974,300
Current period gross    charge-offs		—		—			—			—			—			—			—			—
Other commercial loans and    leases:
Pass - RR 1 through RR 6	$	21,284	$	165,522		$	135,243		$	5,953		$	6,808		$	58,263		$	238,645		$	631,718
Special Mention - RR 7		—		—			—			—			9			—			—			9
Substandard - RR 8		21		288			1,026			157			44			46			5,122			6,704
Doubtful - RR 9		—		—			—			—			—			—			—			—
Total		21,305		165,810			136,269			6,110			6,861			58,309			243,767			638,431
Current period gross    charge-offs		—		(54	)		—			(14	)		—			—			—			(68	)
Total commercial    LHFI	$	662,127	$	1,824,826		$	1,765,227		$	2,503,450		$	994,805		$	1,530,343		$	897,825		$	10,178,603
Total commercial LHFI    gross charge-offs	$	—	$	(105	)	$	(149	)	$	(154	)	$	(159	)	$	(252	)	$	(130	)	$	(949	)

	Term Loans by Origination Year
	2025			2024			2023			2022			2021			Prior			Revolving Loans			Total
As of March 31, 2025	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	3,356		$	30,248		$	15,104		$	3,964		$	1,441		$	2,314		$	—		$	56,427
Past due 30-89 days		—			—			2,132			—			—			2			—			2,134
Past due 90 days or more		—			—			—			—			—			—			—			—
Nonaccrual		—			42			30			20			66			20			—			178
Total		3,356			30,290			17,266			3,984			1,507			2,336			—			58,739
Current period gross    charge-offs		—			—			—			—			—			—			—			—
Other secured by 1-4 family    residential properties:
Current	$	8,224		$	22,146		$	16,402		$	6,238		$	5,051		$	12,091		$	453,943		$	524,095
Past due 30-89 days		—			699			396			25			187			151			4,203			5,661
Past due 90 days or more		—			—			—			7			—			305			274			586
Nonaccrual		—			40			12			63			42			616			6,103			6,876
Total		8,224			22,885			16,810			6,333			5,280			13,163			464,523			537,218
Current period gross    charge-offs		—			—			(97	)		(8	)		(39	)		(24	)		—			(168	)
Other real estate secured:
Current	$	169		$	159		$	—		$	—		$	—		$	90		$	—		$	418
Past due 30-89 days		—			—			—			—			—			—			—			—
Past due 90 days or more		—			—			—			—			—			—			—			—
Nonaccrual		—			—			—			—			—			—			—			—
Total		169			159			—			—			—			90			—			418
Current period gross    charge-offs		—			—			—			—			—			—			—			—
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	32,761		$	307,580		$	218,570		$	788,021		$	449,317		$	452,534		$	—		$	2,248,783
Past due 30-89 days		—			—			3,593			9,311			2,221			1,931			—			17,056
Past due 90 days or more		—			168			1,138			1,500			239			118			—			3,163
Nonaccrual		—			571			6,027			20,239			7,073			5,644			—			39,554
Total		32,761			308,319			229,328			819,071			458,850			460,227			—			2,308,556
Current period gross    charge-offs		—			—			(144	)		(214	)		(15	)		(7	)		—			(380	)
Consumer loans:
Current	$	20,212		$	45,089		$	18,110		$	12,117		$	4,120		$	1,024		$	54,687		$	155,359
Past due 30-89 days		318			264			240			40			2			—			745			1,609
Past due 90 days or more		217			41			46			4			1			—			299			608
Nonaccrual		—			68			141			53			59			15			23			359
Total		20,747			45,462			18,537			12,214			4,182			1,039			55,754			157,935
Current period gross    charge-offs		(1,112	)		(119	)		(177	)		(67	)		(4	)		(26	)		(699	)		(2,204	)
Total consumer LHFI	$	65,257		$	407,115		$	281,941		$	841,602		$	469,819		$	476,855		$	520,277		$	3,062,866
Total consumer LHFI    gross charge-offs	$	(1,112	)	$	(119	)	$	(418	)	$	(289	)	$	(58	)	$	(57	)	$	(699	)	$	(2,752	)
Total LHFI	$	727,384		$	2,231,941		$	2,047,168		$	3,345,052		$	1,464,624		$	2,007,198		$	1,418,102		$	13,241,469
Total current period    gross charge-offs	$	(1,112	)	$	(224	)	$	(567	)	$	(443	)	$	(217	)	$	(309	)	$	(829	)	$	(3,701	)

	Term Loans by Origination Year
	2024		2023		2022			2021			2020		Prior			Revolving Loans		Total
As of December 31, 2024	Commercial LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Pass - RR 1 through RR 6	$	324,775	$	83,503	$	33,580		$	23,124		$	8,145	$	1,587		$	42,469	$	517,183
Special Mention - RR 7		2,165		—		—			—			—		—			2,002		4,167
Substandard - RR 8		17		62		226			983			—		—			176		1,464
Doubtful - RR 9		—		—		—			—			—		—			—		—
Total		326,957		83,565		33,806			24,107			8,145		1,587			44,647		522,814
Current period gross    charge-offs		—		—		—			—			—		(24	)		—		(24	)
Other secured by 1-4 family    residential properties:
Pass - RR 1 through RR 6	$	31,013	$	24,339	$	22,693		$	24,090		$	11,635	$	2,106		$	7,742	$	123,618
Special Mention - RR 7		27		—		—			32			—		—			—		59
Substandard - RR 8		125		375		555			328			—		191			27		1,601
Doubtful - RR 9		—		—		—			—			—		—			—		—
Total		31,165		24,714		23,248			24,450			11,635		2,297			7,769		125,278
Current period gross    charge-offs		—		—		—			—			—		(16	)		—		(16	)
Secured by nonfarm,    nonresidential properties:
Pass - RR 1 through RR 6	$	542,747	$	441,159	$	880,511		$	429,929		$	464,504	$	392,802		$	127,812	$	3,279,464
Special Mention - RR 7		16,266		—		52,093			—			17,978		3,335			—		89,672
Substandard - RR 8		10,007		7,321		41,686			37,915			25,601		41,598			—		164,128
Doubtful - RR 9		11		—		—			—			—		7			—		18
Total		569,031		448,480		974,290			467,844			508,083		437,742			127,812		3,533,282
Current period gross    charge-offs		—		—		—			(2,529	)		—		(16	)		—		(2,545	)
Other real estate secured:
Pass - RR 1 through RR 6	$	152,314	$	157,827	$	726,814		$	233,861		$	137,786	$	43,478		$	7,434	$	1,459,514
Special Mention - RR 7		—		7,450		15,481			41,019			—		—			263		64,213
Substandard - RR 8		14,610		—		26,685			42,636			252		25,419			244		109,846
Doubtful - RR 9		—		—		—			—			—		—			—		—
Total		166,924		165,277		768,980			317,516			138,038		68,897			7,941		1,633,573
Current period gross    charge-offs		—		—		(89	)		—			—		—			—		(89	)

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans			Total
As of December 31, 2024	Commercial LHFI
Other loans secured by real    estate:
Other construction
Pass - RR 1 through RR 6	$	115,221		$	410,064		$	201,526		$	20,647		$	—		$	—		$	18,400		$	765,858
Special Mention - RR 7		—			2,250			24,557			—			—			—			—			26,807
Substandard - RR 8		—			—			17,820			—			19,419			—			—			37,239
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		115,221			412,314			243,903			20,647			19,419			—			18,400			829,904
Current period gross    charge-offs		—			(14	)		(2,493	)		—			—			—			—			(2,507	)
Commercial and industrial    loans:
Pass - RR 1 through RR 6	$	505,557		$	365,724		$	231,875		$	98,318		$	45,551		$	27,456		$	462,740		$	1,737,221
Special Mention - RR 7		—			564			14,066			15			—			—			13,836			28,481
Substandard - RR 8		7,204			1,113			39,698			5,091			891			12,905			7,598			74,500
Doubtful - RR 9		227			—			35			145			1			2			110			520
Total		512,988			367,401			285,674			103,569			46,443			40,363			484,284			1,840,722
Current period gross    charge-offs		(341	)		(1,211	)		(640	)		(3,251	)		(158	)		(3,132	)		(315	)		(9,048	)
State and other political    subdivision loans:
Pass - RR 1 through RR 6	$	156,130		$	82,532		$	212,528		$	135,251		$	78,543		$	302,709		$	2,143		$	969,836
Special Mention - RR 7		—			—			—			—			—			—			—			—
Substandard - RR 8		—			—			—			—			—			—			—			—
Doubtful - RR 9		—			—			—			—			—			—			—			—
Total		156,130			82,532			212,528			135,251			78,543			302,709			2,143			969,836
Current period gross    charge-offs		—			—			—			—			—			—			—			—
Other commercial loans and    leases:
Pass - RR 1 through RR 6	$	157,619		$	148,099		$	7,371		$	9,800		$	15,606		$	45,227		$	203,345		$	587,067
Special Mention - RR 7		—			—			116			48			—			—			—			164
Substandard - RR 8		55			682			116			12			—			—			901			1,766
Doubtful - RR 9		9			—			6			—			—			—			—			15
Total		157,683			148,781			7,609			9,860			15,606			45,227			204,246			589,012
Current period gross    charge-offs		(25	)		—			(38	)		—			—			(32	)		—			(95	)
Total commercial    LHFI	$	2,036,099		$	1,733,064		$	2,550,038		$	1,103,244		$	825,912		$	898,822		$	897,242		$	10,044,421
Total commercial LHFI    gross charge-offs	$	(366	)	$	(1,225	)	$	(3,260	)	$	(5,780	)	$	(158	)	$	(3,220	)	$	(315	)	$	(14,324	)

	Term Loans by Origination Year
	2024			2023			2022			2021			2020			Prior			Revolving Loans			Total
As of December 31, 2024	Consumer LHFI
Loans secured by real estate:
Construction, land    development and other    land:
Current	$	31,478		$	22,752		$	4,302		$	2,762		$	930		$	1,804		$	—		$	64,028
Past due 30-89 days		—			47			11			—			—			106			—			164
Past due 90 days or more		91			—			—			68			—			—			—			159
Nonaccrual		—			31			21			4			—			23			—			79
Total		31,569			22,830			4,334			2,834			930			1,933			—			64,430
Current period gross    charge-offs		—			—			—			—			—			(8	)		—			(8	)
Other secured by 1-4 family    residential properties:
Current	$	24,756		$	17,202		$	6,733		$	5,260		$	3,651		$	9,563		$	445,598		$	512,763
Past due 30-89 days		569			38			67			66			3			579			4,524			5,846
Past due 90 days or more		21			—			8			—			—			17			219			265
Nonaccrual		71			5			69			44			103			593			5,513			6,398
Total		25,417			17,245			6,877			5,370			3,757			10,752			455,854			525,272
Current period gross    charge-offs		(29	)		(87	)		(233	)		(40	)		(31	)		(76	)		—			(496	)
Other real estate secured:
Current	$	161		$	—		$	—		$	—		$	68		$	28		$	—		$	257
Past due 30-89 days		—			—			—			—			—			—			—			—
Past due 90 days or more		—			—			—			—			—			—			—			—
Nonaccrual		—			—			—			—			—			—			—			—
Total		161			—			—			—			68			28			—			257
Current period gross    charge-offs		—			—			—			—			—			—			—			—
Other loans secured by real    estate:
Secured by 1-4 family    residential properties
Current	$	274,500		$	224,266		$	808,527		$	459,191		$	161,856		$	314,906		$	—		$	2,243,246
Past due 30-89 days		169			4,405			9,883			4,082			814			1,558			—			20,911
Past due 90 days or more		4			1,263			1,098			461			170			257			—			3,253
Nonaccrual		568			3,744			17,306			5,009			1,394			3,562			—			31,583
Total		275,241			233,678			836,814			468,743			164,234			320,283			—			2,298,993
Current period gross    charge-offs		—			(228	)		(9,910	)		(143	)		(6	)		(17	)		—			(10,304	)
Consumer loans:
Current	$	55,908		$	22,226		$	12,922		$	4,654		$	1,188		$	105		$	56,423		$	153,426
Past due 30-89 days		844			396			323			4			—			13			913			2,493
Past due 90 days or more		38			67			17			4			—			—			288			414
Nonaccrual		25			49			63			61			19			—			19			236
Total		56,815			22,738			13,325			4,723			1,207			118			57,643			156,569
Current period gross    charge-offs		(5,929	)		(785	)		(470	)		(131	)		(100	)		(337	)		(2,065	)		(9,817	)
Total consumer LHFI	$	389,203		$	296,491		$	861,350		$	481,670		$	170,196		$	333,114		$	513,497		$	3,045,521
Total consumer LHFI    gross charge-offs	$	(5,958	)	$	(1,100	)	$	(10,613	)	$	(314	)	$	(137	)	$	(438	)	$	(2,065	)	$	(20,625	)
Total LHFI	$	2,425,302		$	2,029,555		$	3,411,388		$	1,584,914		$	996,108		$	1,231,936		$	1,410,739		$	13,089,942
Total current period    gross charge-offs	$	(6,324	)	$	(2,325	)	$	(13,873	)	$	(6,094	)	$	(295	)	$	(3,658	)	$	(2,380	)	$	(34,949	)

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, 2025:

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	BBB 7-10 US CBI, 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, Southern 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
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, 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
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

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, 2025 and December 31, 2024 ($ in thousands):

	March 31, 2025
	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	$	—	$	6,982	$	6,982	$	—		599,325	$	599,325
Other secured by 1-4 family residential    properties		—		12,476		12,476		502		664,920		665,422
Secured by nonfarm, nonresidential    properties		2,166		37,807		39,973		9,742		3,523,100		3,532,842
Other real estate secured		—		23,348		23,348		268		1,876,191		1,876,459
Other loans secured by real estate:
Other construction		—		9,860		9,860		—		722,306		722,306
Secured by 1-4 family residential    properties		—		35,602		35,602		1,533		2,307,023		2,308,556
Commercial and industrial loans		10,925		14,471		25,396		22,060		1,743,833		1,765,893
Consumer loans		—		5,238		5,238		—		157,935		157,935
State and other political subdivision loans		—		1,605		1,605		—		974,300		974,300
Other commercial loans and leases		887		5,643		6,530		887		637,544		638,431
Total	$	13,978	$	153,032	$	167,010	$	34,992	$	13,206,477	$	13,241,469

	December 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	$	—	$	6,452	$	6,452	$	—	$	587,244	$	587,244
Other secured by 1-4 family residential    properties		—		11,347		11,347		521		650,029		650,550
Secured by nonfarm, nonresidential    properties		2,251		35,645		37,896		9,783		3,523,499		3,533,282
Other real estate secured		—		19,491		19,491		1,904		1,631,926		1,633,830
Other loans secured by real estate:
Other construction		—		13,297		13,297		—		829,904		829,904
Secured by 1-4 family residential    properties		—		32,129		32,129		1,533		2,297,460		2,298,993
Commercial and industrial loans		10,518		16,502		27,020		22,503		1,818,219		1,840,722
Consumer loans		—		5,141		5,141		—		156,569		156,569
State and other political subdivision loans		—		1,250		1,250		—		969,836		969,836
Other commercial loans and leases		892		5,355		6,247		896		588,116		589,012
Total	$	13,661	$	146,609	$	160,270	$	37,140	$	13,052,802	$	13,089,942

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

	Three Months Ended March 31,
	2025			2024
Balance at beginning of period	$	160,270		$	139,367
Loans charged-off		(3,701	)		(6,324	)
Recoveries		2,316			2,247
Net (charge-offs) recoveries		(1,385	)		(4,077	)
PCL, LHFI		8,125			7,708
Balance at end of period	$	167,010		$	142,998

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

	Three Months Ended March 31, 2025
	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	$	6,452	$	—		$	2	$	528		$	6,982
Other secured by 1-4 family residential properties		11,347		(168	)		99		1,198			12,476
Secured by nonfarm, nonresidential properties		37,896		—			—		2,077			39,973
Other real estate secured		19,491		—			77		3,780			23,348
Other loans secured by real estate:
Other construction		13,297		—			2		(3,439	)		9,860
Secured by 1-4 family residential properties		32,129		(380	)		281		3,572			35,602
Commercial and industrial loans		27,020		(881	)		235		(978	)		25,396
Consumer loans		5,141		(2,204	)		1,588		713			5,238
State and other political subdivision loans		1,250		—			—		355			1,605
Other commercial loans and leases		6,247		(68	)		32		319			6,530
Total	$	160,270	$	(3,701	)	$	2,316	$	8,125		$	167,010

	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