XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on LHFS & LHFI $ 96,712 $ 84,988 $ 188,382 $ 164,395
Interest and fees on acquired loans 5,022 6,263 9,899 11,452
Interest on securities:        
Taxable 16,894 19,377 34,400 38,574
Tax exempt 579 766 1,230 1,611
Interest on federal funds sold and securities purchased under reverse repurchase agreements 5 11 7 12
Other interest income 1,054 371 1,988 638
Total Interest Income 120,266 111,776 235,906 216,682
Interest Expense        
Interest on deposits 12,139 5,107 21,630 9,052
Interest on federal funds purchased and securities sold under repurchase agreements 1,250 1,037 1,912 1,735
Other interest expense 1,713 3,628 5,107 6,301
Total Interest Expense 15,102 9,772 28,649 17,088
Net Interest Income 105,164 102,004 207,257 199,594
Provision for loan losses, LHFI 3,167 2,921 7,128 5,683
Provision for loan losses, acquired loans (441) (2,564) (291) (4,169)
Net Interest Income After Provision for Loan Losses 102,438 101,647 200,420 198,080
Noninterest Income        
Service charges on deposit accounts 10,647 10,755 [1] 21,504 21,587 [1]
Bank card and other fees 7,070 7,370 [1] 13,696 13,870 [1]
Mortgage banking, net 9,046 9,008 [1] 20,311 19,193 [1]
Insurance commissions 10,735 9,745 [1] 20,154 18,957 [1]
Wealth management 7,478 7,674 [1] 15,045 15,087 [1]
Other, net 2,415 5,637 [1] 3,474 7,528 [1]
Security gains (losses), net   1 [1] 0 1 [1]
Total Noninterest Income 47,391 50,190 [1] 94,184 96,223 [1]
Noninterest Expense        
Salaries and employee benefits 59,975 57,185 118,450 112,574
Defined benefit plan termination   17,644   17,644
Services and fees 16,322 15,009 32,068 30,341
Net occupancy - premises 6,550 6,210 13,052 12,448
Equipment expense 6,202 6,162 12,301 12,160
Other real estate expense, net (93) 383 773 2,142
FDIC assessment expense 2,538 2,686 5,533 5,326
Other expense 12,306 16,796 24,088 31,497
Total Noninterest Expense 103,800 122,075 206,265 224,132
Income Before Income Taxes 46,029 29,762 88,339 70,171
Income taxes 6,216 5,727 11,696 14,888
Net Income $ 39,813 $ 24,035 $ 76,643 $ 55,283
Earnings Per Share        
Basic $ 0.59 $ 0.35 $ 1.13 $ 0.82
Diluted 0.59 0.35 1.13 0.81
Dividends Per Share $ 0.23 $ 0.23 $ 0.46 $ 0.46
[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.