XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Interest and fees on LHFS & LHFI $ 111,740 $ 96,712 $ 218,535 $ 188,382
Interest and fees on acquired loans 2,010 5,022 3,926 9,899
Interest on securities:        
Taxable 13,916 16,894 28,581 34,400
Tax exempt 436 579 946 1,230
Interest on federal funds sold and securities purchased under reverse repurchase agreements 214 5 216 7
Other interest income 1,820 1,054 3,423 1,988
Total Interest Income 130,136 120,266 255,627 235,906
Interest Expense        
Interest on deposits 21,500 12,139 41,070 21,630
Interest on federal funds purchased and securities sold under repurchase agreements 81 1,250 369 1,912
Other interest expense 831 1,713 1,656 5,107
Total Interest Expense 22,412 15,102 43,095 28,649
Net Interest Income 107,724 105,164 212,532 207,257
Provision for loan losses, LHFI 2,486 3,167 4,097 7,128
Provision for loan losses, acquired loans 106 (441) 184 (291)
Net Interest Income After Provision for Loan Losses 105,132 102,438 208,251 200,420
Noninterest Income        
Service charges on deposit accounts 10,379 10,647 [1] 20,644 21,504 [1]
Bank card and other fees 8,004 7,070 [1] 15,195 13,696 [1]
Mortgage banking, net 10,295 9,046 [1] 13,737 20,311 [1]
Insurance commissions 11,089 10,735 [1] 21,960 20,154 [1]
Wealth management 7,742 7,478 [1] 15,225 15,045 [1]
Other, net 2,130 2,415 [1] 4,369 3,474 [1]
Total Noninterest Income 49,639 47,391 [1] 91,130 94,184 [1]
Noninterest Expense        
Salaries and employee benefits 61,949 59,975 122,903 118,450
Services and fees 18,009 16,322 34,977 32,068
Net occupancy - premises 6,403 6,550 12,857 13,052
Equipment expense 5,958 6,202 11,882 12,301
Other real estate expense, net 132 (93) 1,884 773
FDIC assessment expense 1,836 2,538 3,594 5,533
Other expense 11,814 12,306 24,025 24,088
Total Noninterest Expense 106,101 103,800 212,122 206,265
Income Before Income Taxes 48,670 46,029 87,259 88,339
Income taxes 6,530 6,216 11,780 11,696
Net Income $ 42,140 $ 39,813 $ 75,479 $ 76,643
Earnings Per Share        
Basic $ 0.65 $ 0.59 $ 1.16 $ 1.13
Diluted $ 0.65 $ 0.59 $ 1.16 $ 1.13
[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.