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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2018
Revenue From Contract With Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

The following tables present noninterest income disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):

 

 

Three Months Ended June 30, 2018

 

 

Three Months Ended June 30, 2017 (1)

 

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

General Banking Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,646

 

 

$

 

 

$

10,646

 

 

$

10,755

 

 

$

 

 

$

10,755

 

Bank card and other fees

 

 

6,832

 

 

 

216

 

 

 

7,048

 

 

 

7,201

 

 

 

161

 

 

 

7,362

 

Mortgage banking, net

 

 

 

 

 

9,046

 

 

 

9,046

 

 

 

 

 

 

9,008

 

 

 

9,008

 

Wealth management

 

 

93

 

 

 

 

 

 

93

 

 

 

83

 

 

 

 

 

 

83

 

Other, net

 

 

1,541

 

 

 

847

 

 

 

2,388

 

 

 

1,162

 

 

 

4,449

 

 

 

5,611

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Total noninterest income

 

$

19,112

 

 

$

10,109

 

 

$

29,221

 

 

$

19,201

 

 

$

13,619

 

 

$

32,820

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

1

 

 

$

 

 

$

1

 

 

$

 

 

$

 

 

$

 

Bank card and other fees

 

 

22

 

 

 

 

 

 

22

 

 

 

8

 

 

 

 

 

 

8

 

Wealth management

 

 

7,385

 

 

 

 

 

 

7,385

 

 

 

7,591

 

 

 

 

 

 

7,591

 

Other, net

 

 

1

 

 

 

25

 

 

 

26

 

 

 

 

 

 

25

 

 

 

25

 

Total noninterest income

 

$

7,409

 

 

$

25

 

 

$

7,434

 

 

$

7,599

 

 

$

25

 

 

$

7,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

10,735

 

 

$

 

 

$

10,735

 

 

$

9,745

 

 

$

 

 

$

9,745

 

Other, net

 

 

1

 

 

 

 

 

 

1

 

 

 

1

 

 

 

 

 

 

1

 

Total noninterest income

 

$

10,736

 

 

$

 

 

$

10,736

 

 

$

9,746

 

 

$

 

 

$

9,746

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,647

 

 

$

 

 

$

10,647

 

 

$

10,755

 

 

$

 

 

$

10,755

 

Bank card and other fees

 

 

6,854

 

 

 

216

 

 

 

7,070

 

 

 

7,209

 

 

 

161

 

 

 

7,370

 

Mortgage banking, net

 

 

 

 

 

9,046

 

 

 

9,046

 

 

 

 

 

 

9,008

 

 

 

9,008

 

Insurance commissions

 

 

10,735

 

 

 

 

 

 

10,735

 

 

 

9,745

 

 

 

 

 

 

9,745

 

Wealth management

 

 

7,478

 

 

 

 

 

 

7,478

 

 

 

7,674

 

 

 

 

 

 

7,674

 

Other, net

 

 

1,543

 

 

 

872

 

 

 

2,415

 

 

 

1,163

 

 

 

4,474

 

 

 

5,637

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Total noninterest income

 

$

37,257

 

 

$

10,134

 

 

$

47,391

 

 

$

36,546

 

 

$

13,644

 

 

$

50,190

 

(1)

Trustmark elected the modified retrospective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.

(2)

Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, accretion of the FDIC indemnification asset, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and security gains (losses), net.

 

 

Six Months Ended June 30, 2018

 

 

Six Months Ended June 30, 2017 (1)

 

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

General Banking Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21,503

 

 

$

 

 

$

21,503

 

 

$

21,587

 

 

$

 

 

$

21,587

 

Bank card and other fees

 

 

13,362

 

 

 

290

 

 

 

13,652

 

 

 

13,673

 

 

 

185

 

 

 

13,858

 

Mortgage banking, net

 

 

 

 

 

20,311

 

 

 

20,311

 

 

 

 

 

 

19,193

 

 

 

19,193

 

Wealth management

 

 

140

 

 

 

 

 

 

140

 

 

 

146

 

 

 

 

 

 

146

 

Other, net

 

 

2,981

 

 

 

443

 

 

 

3,424

 

 

 

3,502

 

 

 

3,973

 

 

 

7,475

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Total noninterest income

 

$

37,986

 

 

$

21,044

 

 

$

59,030

 

 

$

38,908

 

 

$

23,352

 

 

$

62,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

1

 

 

$

 

 

$

1

 

 

$

 

 

$

 

 

$

 

Bank card and other fees

 

 

44

 

 

 

 

 

 

44

 

 

 

12

 

 

 

 

 

 

12

 

Wealth management

 

 

14,905

 

 

 

 

 

 

14,905

 

 

 

14,941

 

 

 

 

 

 

14,941

 

Other, net

 

 

2

 

 

 

47

 

 

 

49

 

 

 

 

 

 

48

 

 

 

48

 

Total noninterest income

 

$

14,952

 

 

$

47

 

 

$

14,999

 

 

$

14,953

 

 

$

48

 

 

$

15,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

20,154

 

 

$

 

 

$

20,154

 

 

$

18,957

 

 

$

 

 

$

18,957

 

Other, net

 

 

1

 

 

 

 

 

 

1

 

 

 

5

 

 

 

 

 

 

5

 

Total noninterest income

 

$

20,155

 

 

$

 

 

$

20,155

 

 

$

18,962

 

 

$

 

 

$

18,962

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

21,504

 

 

$

 

 

$

21,504

 

 

$

21,587

 

 

$

 

 

$

21,587

 

Bank card and other fees

 

 

13,406

 

 

 

290

 

 

 

13,696

 

 

 

13,685

 

 

 

185

 

 

 

13,870

 

Mortgage banking, net

 

 

 

 

 

20,311

 

 

 

20,311

 

 

 

 

 

 

19,193

 

 

 

19,193

 

Insurance commissions

 

 

20,154

 

 

 

 

 

 

20,154

 

 

 

18,957

 

 

 

 

 

 

18,957

 

Wealth management

 

 

15,045

 

 

 

 

 

 

15,045

 

 

 

15,087

 

 

 

 

 

 

15,087

 

Other, net

 

 

2,984

 

 

 

490

 

 

 

3,474

 

 

 

3,507

 

 

 

4,021

 

 

 

7,528

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Total noninterest income

 

$

73,093

 

 

$

21,091

 

 

$

94,184

 

 

$

72,823

 

 

$

23,400

 

 

$

96,223

 

(1)

Trustmark elected the modified retrospective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation.

(2)

Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card fee income within bank card and other fees; mortgage banking, net; amortization of tax credits, accretion of the FDIC indemnification asset, cash surrender value on various life insurance policies, earnings on Trustmark’s non-qualified deferred compensation plans, other partnership investments and rental income within other, net; and security gains (losses), net.