XML 74 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Interest and fees on LHFS & LHFI $ 113,285 $ 102,980 $ 331,820 $ 291,362
Interest and fees on acquired loans 2,309 4,033 6,235 13,932
Interest on securities:        
Taxable 13,184 16,186 41,765 50,586
Tax exempt 383 518 1,329 1,748
Interest on federal funds sold and securities purchased under reverse repurchase agreements 23 3 239 10
Other interest income 1,044 1,050 4,467 3,038
Total Interest Income 130,228 124,770 385,855 360,676
Interest Expense        
Interest on deposits 20,385 14,972 61,455 36,602
Interest on federal funds purchased and securities sold under repurchase agreements 547 1,348 916 3,260
Other interest expense 830 1,467 2,486 6,574
Total Interest Expense 21,762 17,787 64,857 46,436
Net Interest Income 108,466 106,983 320,998 314,240
Provision for loan losses, LHFI 3,039 8,673 7,136 15,801
Provision for loan losses, acquired loans (140) (467) 44 (758)
Net Interest Income After Provision for Loan Losses 105,567 98,777 313,818 299,197
Noninterest Income        
Service charges on deposit accounts 11,065 11,075 [1] 31,709 32,579 [1]
Bank card and other fees 8,349 7,459 [1] 23,544 21,155 [1]
Mortgage banking, net 8,171 8,647 [1] 21,908 28,958 [1]
Insurance commissions 11,072 10,765 [1] 33,032 30,919 [1]
Wealth management 7,691 7,789 [1] 22,916 22,834 [1]
Other, net 1,989 1,358 [1] 6,358 4,832 [1]
Total Noninterest Income 48,337 47,093 [1] 139,467 141,277 [1]
Noninterest Expense        
Salaries and employee benefits 62,495 60,847 185,398 179,297
Services and fees 18,838 16,404 53,815 48,472
Net occupancy - premises 6,831 6,910 19,688 19,962
Equipment expense 5,971 6,200 17,853 18,501
Other real estate expense, net 531 1,168 2,415 1,941
FDIC assessment expense 1,400 1,999 4,994 7,532
Other expense 10,787 11,695 34,812 35,783
Total Noninterest Expense 106,853 105,223 318,975 311,488
Income Before Income Taxes 47,051 40,647 134,310 128,986
Income taxes 6,016 4,394 17,796 16,090
Net Income $ 41,035 $ 36,253 $ 116,514 $ 112,896
Earnings Per Share        
Basic $ 0.64 $ 0.54 $ 1.80 $ 1.67
Diluted $ 0.64 $ 0.54 $ 1.80 $ 1.67
[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.