Other Real Estate

12 Months Ended

Dec. 31, 2019

Other Real Estate And Foreclosed Assets [Abstract]

Other Real Estate

Note 10 – Other Real Estate

At December 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):

	Years Ended December 31,
	2019			2018			2017
Balance at beginning of period	$	34,668		$	43,228		$	62,051
Additions (1)		8,598			12,115			9,235
Disposals		(11,474	)		(19,802	)		(24,762	)
Write-downs		(2,544	)		(873	)		(3,296	)
Balance at end of period	$	29,248		$	34,668		$	43,228
Gain (losses), net on the sale of other real estate    included in other real estate expense	$	(291	)	$	700		$	2,087

(1) For the year ended December 31, 2017, additions to other real estate included $475 thousand of other real estate acquired in the Reliance merger on April 7, 2017.

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

	December 31,
	2019		2018
Construction, land development and other land properties	$	11,482	$	16,206
1-4 family residential properties		3,453		4,983
Nonfarm, nonresidential properties		14,313		13,296
Other real estate properties		—		183
Total other real estate	$	29,248	$	34,668

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

	December 31,
	2019		2018
Alabama	$	8,133	$	6,873
Florida		5,877		8,771
Mississippi (1)		14,919		17,255
Tennessee (2)		319		1,025
Texas		—		744
Total other real estate	$	29,248	$	34,668

(1) Mississippi includes Central and Southern Mississippi Regions.

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

At December 31, 2019 and 2018, the balance of other real estate included $3.5 million and $5.0 million, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property.  At December 31, 2019 and 2018, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $953 thousand and $1.1 million, respectively.