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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 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 September 30, 2018

 

 

Three Months Ended September 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

 

$

11,074

 

 

$

 

 

$

11,074

 

 

$

11,222

 

 

$

 

 

$

11,222

 

Bank card and other fees

 

 

6,503

 

 

 

937

 

 

 

7,440

 

 

 

7,104

 

 

 

23

 

 

 

7,127

 

Mortgage banking, net

 

 

 

 

 

8,647

 

 

 

8,647

 

 

 

 

 

 

4,425

 

 

 

4,425

 

Wealth management

 

 

70

 

 

 

 

 

 

70

 

 

 

64

 

 

 

 

 

 

64

 

Other, net

 

 

1,685

 

 

 

(359

)

 

 

1,326

 

 

 

1,495

 

 

 

2,223

 

 

 

3,718

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

 

 

 

14

 

Total noninterest income

 

$

19,332

 

 

$

9,225

 

 

$

28,557

 

 

$

19,885

 

 

$

6,685

 

 

$

26,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

1

 

 

$

 

 

$

1

 

 

$

1

 

 

$

 

 

$

1

 

Bank card and other fees

 

 

19

 

 

 

 

 

 

19

 

 

 

23

 

 

 

 

 

 

23

 

Wealth management

 

 

7,719

 

 

 

 

 

 

7,719

 

 

 

7,466

 

 

 

 

 

 

7,466

 

Other, net

 

 

1

 

 

 

29

 

 

 

30

 

 

 

 

 

 

22

 

 

 

22

 

Total noninterest income

 

$

7,740

 

 

$

29

 

 

$

7,769

 

 

$

7,490

 

 

$

22

 

 

$

7,512

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

10,765

 

 

$

 

 

$

10,765

 

 

$

10,398

 

 

$

 

 

$

10,398

 

Other, net

 

 

2

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

 

Total noninterest income

 

$

10,767

 

 

$

 

 

$

10,767

 

 

$

10,398

 

 

$

 

 

$

10,398

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

11,075

 

 

$

 

 

$

11,075

 

 

$

11,223

 

 

$

 

 

$

11,223

 

Bank card and other fees

 

 

6,522

 

 

 

937

 

 

 

7,459

 

 

 

7,127

 

 

 

23

 

 

 

7,150

 

Mortgage banking, net

 

 

 

 

 

8,647

 

 

 

8,647

 

 

 

 

 

 

4,425

 

 

 

4,425

 

Insurance commissions

 

 

10,765

 

 

 

 

 

 

10,765

 

 

 

10,398

 

 

 

 

 

 

10,398

 

Wealth management

 

 

7,789

 

 

 

 

 

 

7,789

 

 

 

7,530

 

 

 

 

 

 

7,530

 

Other, net

 

 

1,688

 

 

 

(330

)

 

 

1,358

 

 

 

1,495

 

 

 

2,245

 

 

 

3,740

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

 

 

 

14

 

Total noninterest income

 

$

37,839

 

 

$

9,254

 

 

$

47,093

 

 

$

37,773

 

 

$

6,707

 

 

$

44,480

 

(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.

 

 

Nine Months Ended September 30, 2018

 

 

Nine Months Ended September 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

 

$

32,577

 

 

$

 

 

$

32,577

 

 

$

32,809

 

 

$

 

 

$

32,809

 

Bank card and other fees

 

 

19,865

 

 

 

1,227

 

 

 

21,092

 

 

 

20,777

 

 

 

208

 

 

 

20,985

 

Mortgage banking, net

 

 

 

 

 

28,958

 

 

 

28,958

 

 

 

 

 

 

23,618

 

 

 

23,618

 

Wealth management

 

 

210

 

 

 

 

 

 

210

 

 

 

210

 

 

 

 

 

 

210

 

Other, net

 

 

4,666

 

 

 

84

 

 

 

4,750

 

 

 

4,997

 

 

 

6,196

 

 

 

11,193

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

15

 

Total noninterest income

 

$

57,318

 

 

$

30,269

 

 

$

87,587

 

 

$

58,793

 

 

$

30,037

 

 

$

88,830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

2

 

 

$

 

 

$

2

 

 

$

1

 

 

$

 

 

$

1

 

Bank card and other fees

 

 

63

 

 

 

 

 

 

63

 

 

 

35

 

 

 

 

 

 

35

 

Wealth management

 

 

22,624

 

 

 

 

 

 

22,624

 

 

 

22,407

 

 

 

 

 

 

22,407

 

Other, net

 

 

3

 

 

 

76

 

 

 

79

 

 

 

 

 

 

70

 

 

 

70

 

Total noninterest income

 

$

22,692

 

 

$

76

 

 

$

22,768

 

 

$

22,443

 

 

$

70

 

 

$

22,513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Division

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

30,919

 

 

$

 

 

$

30,919

 

 

$

29,355

 

 

$

 

 

$

29,355

 

Other, net

 

 

3

 

 

 

 

 

 

3

 

 

 

5

 

 

 

 

 

 

5

 

Total noninterest income

 

$

30,922

 

 

$

 

 

$

30,922

 

 

$

29,360

 

 

$

 

 

$

29,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

32,579

 

 

$

 

 

$

32,579

 

 

$

32,810

 

 

$

 

 

$

32,810

 

Bank card and other fees

 

 

19,928

 

 

 

1,227

 

 

 

21,155

 

 

 

20,812

 

 

 

208

 

 

 

21,020

 

Mortgage banking, net

 

 

 

 

 

28,958

 

 

 

28,958

 

 

 

 

 

 

23,618

 

 

 

23,618

 

Insurance commissions

 

 

30,919

 

 

 

 

 

 

30,919

 

 

 

29,355

 

 

 

 

 

 

29,355

 

Wealth management

 

 

22,834

 

 

 

 

 

 

22,834

 

 

 

22,617

 

 

 

 

 

 

22,617

 

Other, net

 

 

4,672

 

 

 

160

 

 

 

4,832

 

 

 

5,002

 

 

 

6,266

 

 

 

11,268

 

Security gains (losses), net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

15

 

Total noninterest income

 

$

110,932

 

 

$

30,345

 

 

$

141,277

 

 

$

110,596

 

 

$

30,107

 

 

$

140,703

 

(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.