Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

Note 17 – Segment Information

Trustmark’s management reporting structure includes three segments: General Banking, Wealth Management and Insurance.  For a complete overview of Trustmark’s operating segments, see Note 21 – Segment Information included in Part II. Item 8. – Financial Statements and Supplementary Data, of Trustmark’s 2015 Annual Report on Form 10-K.  There have been no significant changes in Trustmark’s operating segments during the periods presented.

The accounting policies of each reportable segment are the same as those of Trustmark except for its internal allocations. Noninterest expenses for back-office operations support are allocated to segments based on estimated uses of those services. Trustmark measures the net interest income of its business segments with a process that assigns cost of funds or earnings credit on a matched-term basis.  This process, called “funds transfer pricing”, charges an appropriate cost of funds to assets held by a business unit, or credits the business unit for potential earnings for carrying liabilities.  The net of these charges and credits flows through to the General Banking segment, which contains the management team responsible for determining TNB’s funding and interest rate risk strategies.

The following table discloses financial information by reportable segment for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2016		2015
General Banking
Net interest income	$	94,442	$	97,260
Provision for loan losses, net		3,552		2,132
Noninterest income		27,394		25,740
Noninterest expense		85,893		85,517
Income before income taxes		32,391		35,351
Income taxes		7,319		8,084
General banking net income	$	25,072	$	27,267
Selected Financial Information
Average assets	$	12,667,616	$	12,053,721
Depreciation and amortization	$	8,485	$	8,875
Wealth Management
Net interest income	$	245	$	55
Noninterest income		7,288		8,007
Noninterest expense		5,891		6,770
Income before income taxes		1,642		1,292
Income taxes		628		513
Wealth management net income	$	1,014	$	779
Selected Financial Information
Average assets	$	5,907	$	3,263
Depreciation and amortization	$	44	$	46
Insurance
Net interest income	$	53	$	77
Noninterest income		8,594		8,616
Noninterest expense		7,160		6,929
Income before income taxes		1,487		1,764
Income taxes		570		662
Insurance net income	$	917	$	1,102
Selected Financial Information
Average assets	$	67,983	$	68,319
Depreciation and amortization	$	192	$	159
Consolidated
Net interest income	$	94,740	$	97,392
Provision for loan losses, net		3,552		2,132
Noninterest income		43,276		42,363
Noninterest expense		98,944		99,216
Income before income taxes		35,520		38,407
Income taxes		8,517		9,259
Consolidated net income	$	27,003	$	29,148
Selected Financial Information
Average assets	$	12,741,506	$	12,125,303
Depreciation and amortization	$	8,721	$	9,080