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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

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

 

 

Three Months Ended March 31, 2019

 

 

Three Months Ended March 31, 2018 (1)

 

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,240

 

 

$

 

 

$

10,240

 

 

$

10,833

 

 

$

 

 

$

10,833

 

Bank card and other fees

 

 

6,865

 

 

 

302

 

 

 

7,167

 

 

 

6,524

 

 

 

75

 

 

 

6,599

 

Mortgage banking, net

 

 

 

 

 

3,442

 

 

 

3,442

 

 

 

 

 

 

11,265

 

 

 

11,265

 

Wealth management

 

 

91

 

 

 

 

 

 

91

 

 

 

47

 

 

 

 

 

 

47

 

Other, net

 

 

2,244

 

 

 

(271

)

 

 

1,973

 

 

 

1,424

 

 

 

(408

)

 

 

1,016

 

Total noninterest income

 

$

19,440

 

 

$

3,473

 

 

$

22,913

 

 

$

18,828

 

 

$

10,932

 

 

$

29,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

25

 

 

$

 

 

$

25

 

 

$

24

 

 

$

 

 

$

24

 

Bank card and other fees

 

 

24

 

 

 

 

 

 

24

 

 

 

27

 

 

 

 

 

 

27

 

Wealth management

 

 

7,392

 

 

 

 

 

 

7,392

 

 

 

7,520

 

 

 

 

 

 

7,520

 

Other, net

 

 

236

 

 

 

26

 

 

 

262

 

 

 

15

 

 

 

28

 

 

 

43

 

Total noninterest income

 

$

7,677

 

 

$

26

 

 

$

7,703

 

 

$

7,586

 

 

$

28

 

 

$

7,614

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

10,871

 

 

$

 

 

$

10,871

 

 

$

9,419

 

 

$

 

 

$

9,419

 

Other, net

 

 

4

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

 

Total noninterest income

 

$

10,875

 

 

$

 

 

$

10,875

 

 

$

9,419

 

 

$

 

 

$

9,419

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

10,265

 

 

$

 

 

$

10,265

 

 

$

10,857

 

 

$

 

 

$

10,857

 

Bank card and other fees

 

 

6,889

 

 

 

302

 

 

 

7,191

 

 

 

6,551

 

 

 

75

 

 

 

6,626

 

Mortgage banking, net

 

 

 

 

 

3,442

 

 

 

3,442

 

 

 

 

 

 

11,265

 

 

 

11,265

 

Insurance commissions

 

 

10,871

 

 

 

 

 

 

10,871

 

 

 

9,419

 

 

 

 

 

 

9,419

 

Wealth management

 

 

7,483

 

 

 

 

 

 

7,483

 

 

 

7,567

 

 

 

 

 

 

7,567

 

Other, net

 

 

2,484

 

 

 

(245

)

 

 

2,239

 

 

 

1,439

 

 

 

(380

)

 

 

1,059

 

Total noninterest income

 

$

37,992

 

 

$

3,499

 

 

$

41,491

 

 

$

35,833

 

 

$

10,960

 

 

$

46,793

 

(1)

During the first quarter of 2019, Trustmark revised the composition of its operating segments by moving the Private Banking Group from the General Banking Segment to the Wealth Management Segment as a result of a change in supervision of this group for segment reporting purposes.  The prior period amounts presented include reclassifications to conform to the current period 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.