Other Real Estate

3 Months Ended

Mar. 31, 2019

Other Real Estate And Foreclosed Assets [Abstract]

Note 6 – Other Real Estate

At March 31, 2019, Trustmark’s geographic other real estate distribution was concentrated primarily in its five key market regions: Alabama, Florida, Mississippi, Tennessee and Texas. The ultimate recovery of a substantial portion of the carrying amount of other real estate is susceptible to changes in market conditions in these areas.

For the periods presented, changes and gains (losses), net on other real estate were as follows ($ in thousands):

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	34,668		$	43,228
Additions		785			2,010
Disposals		(1,658	)		(4,896	)
Write-downs		(1,656	)		(788	)
Balance at end of period	$	32,139		$	39,554

Gains (losses), net on the sale of other real estate included in other real estate expense	$	122		$	414

At March 31, 2019 and December 31, 2018, other real estate by type of property consisted of the following ($ in thousands):

	March 31, 2019		December 31, 2018
Construction, land development and other land properties	$	15,574	$	16,206
1-4 family residential properties		4,634		4,983
Nonfarm, nonresidential properties		11,748		13,296
Other real estate properties		183		183
Total other real estate	$	32,139	$	34,668

At March 31, 2019 and December 31, 2018, other real estate by geographic location consisted of the following ($ in thousands):

	March 31, 2019		December 31, 2018
Alabama	$	6,878	$	6,873
Florida		8,120		8,771
Mississippi (1)		15,421		17,255
Tennessee (2)		994		1,025
Texas		726		744
Total other real estate	$	32,139	$	34,668

(1)	Mississippi includes Central and Southern Mississippi Regions.

(2)	Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.

At March 31, 2019 and December 31, 2018, the balance of other real estate included $4.6 million and $5.0 million, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At March 31, 2019 and December 31, 2018, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $836 thousand and $1.1 million, respectively.