Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

Note 18 – 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 2016 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,
	2017		2016
General Banking
Net interest income	$	97,411	$	94,442
Provision for loan losses, net		1,157		3,552
Noninterest income		29,440		27,394
Noninterest expense		87,357		85,893
Income before income taxes		38,337		32,391
Income taxes		8,369		7,319
General banking net income	$	29,968	$	25,072
Selected Financial Information
Total assets	$	13,417,229	$	12,701,364
Depreciation and amortization	$	8,836	$	8,485
Wealth Management
Net interest income	$	129	$	245
Noninterest income		7,377		7,288
Noninterest expense		7,201		5,891
Income before income taxes		305		1,642
Income taxes		116		628
Wealth management net income	$	189	$	1,014
Selected Financial Information
Total assets	$	7,279	$	7,329
Depreciation and amortization	$	37	$	44
Insurance
Net interest income	$	50	$	53
Noninterest income		9,216		8,594
Noninterest expense		7,499		7,160
Income before income taxes		1,767		1,487
Income taxes		676		570
Insurance net income	$	1,091	$	917
Selected Financial Information
Total assets	$	65,853	$	66,503
Depreciation and amortization	$	158	$	192
Consolidated
Net interest income	$	97,590	$	94,740
Provision for loan losses, net		1,157		3,552
Noninterest income		46,033		43,276
Noninterest expense		102,057		98,944
Income before income taxes		40,409		35,520
Income taxes		9,161		8,517
Consolidated net income	$	31,248	$	27,003
Selected Financial Information
Total assets	$	13,490,361	$	12,775,196
Depreciation and amortization	$	9,031	$	8,721