Segment Information

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
General Banking
Net interest income	$	101,794	$	96,113	$	199,205	$	190,555
Provision for loan losses, net		357		3,203		1,514		6,755
Noninterest income		32,820		26,629		62,260		54,023
Noninterest expense		108,249		96,812		195,606		182,705
Income before income taxes		26,008		22,727		64,345		55,118
Income taxes		4,273		4,005		12,642		11,324
General banking net income	$	21,735	$	18,722	$	51,703	$	43,794
Selected Financial Information
Total assets	$	13,837,564	$	12,955,555	$	13,837,564	$	12,955,555
Depreciation and amortization	$	9,497	$	8,724	$	18,333	$	17,209
Wealth Management
Net interest income	$	155	$	207	$	284	$	452
Noninterest income		7,624		7,959		15,001		15,247
Noninterest expense		6,369		6,093		13,570		11,984
Income before income taxes		1,410		2,073		1,715		3,715
Income taxes		541		793		657		1,421
Wealth management net income	$	869	$	1,280	$	1,058	$	2,294
Selected Financial Information
Total assets	$	7,014	$	7,497	$	7,014	$	7,497
Depreciation and amortization	$	37	$	43	$	74	$	87
Insurance
Net interest income	$	55	$	57	$	105	$	110
Noninterest income		9,746		9,639		18,962		18,233
Noninterest expense		7,457		7,274		14,956		14,434
Income before income taxes		2,344		2,422		4,111		3,909
Income taxes		913		921		1,589		1,491
Insurance net income	$	1,431	$	1,501	$	2,522	$	2,418
Selected Financial Information
Total assets	$	64,560	$	67,297	$	64,560	$	67,297
Depreciation and amortization	$	164	$	191	$	322	$	383
Consolidated
Net interest income	$	102,004	$	96,377	$	199,594	$	191,117
Provision for loan losses, net		357		3,203		1,514		6,755
Noninterest income		50,190		44,227		96,223		87,503
Noninterest expense		122,075		110,179		224,132		209,123
Income before income taxes		29,762		27,222		70,171		62,742
Income taxes		5,727		5,719		14,888		14,236
Consolidated net income	$	24,035	$	21,503	$	55,283	$	48,506
Selected Financial Information
Total assets	$	13,909,138	$	13,030,349	$	13,909,138	$	13,030,349
Depreciation and amortization	$	9,698	$	8,958	$	18,729	$	17,679