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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income per consolidated statements of income $ 22,218 $ 33,339
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense, net [1] 27,364 1,689
Depreciation and amortization 8,996 9,337
Net amortization of securities 1,918 2,007
Gains on sales of loans, net (7,085) (3,576)
Compensation expense, long-term incentive plan 1,394 1,002
Deferred income tax provision (11,600) (1,400)
Proceeds from sales of loans held for sale 324,167 212,508
Purchases and originations of loans held for sale (416,687) (235,550)
Originations of mortgage servicing rights (3,649) (2,507)
Earnings on bank-owned life insurance (1,292) (1,354)
Net change in other assets (49,822) (1,576)
Net change in other liabilities (204) (9,853)
Other operating activities, net 25,119 10,806
Net cash from operating activities (79,163) 14,872
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 34,459 25,361
Proceeds from maturities, prepayments and calls of securities available for sale 86,129 106,990
Purchases of securities available for sale (278,691) 0
Net proceeds from bank-owned life insurance 280 0
Net change in federal funds sold and securities purchased under reverse repurchase agreements (2,000) 830
Net change in member bank stock (107) (70)
Net change in loans (162,097) (148,108)
Purchases of premises and equipment (4,154) (4,407)
Proceeds from sales of premises and equipment 0 1,848
Proceeds from sales of other real estate 3,671 1,780
Purchases of software (1,805) (3,753)
Investments in tax credit and other partnerships (141) (3,426)
Purchase of insurance book of business (3,097) (81)
Net cash from investing activities (327,553) (23,036)
Financing Activities    
Net change in deposits 330,207 170,404
Net change in federal funds purchased and securities sold under repurchase agreements 165,801 (3,604)
Net change in short-term borrowings (127) (90)
Payments on long-term FHLB advances (17) (17)
Payments under finance lease obligations (459) (513)
Common stock dividends (14,706) (15,033)
Repurchase and retirement of common stock (27,538) (36,893)
Shares withheld to pay taxes, long-term incentive plan (1,020) (1,604)
Net cash from financing activities 452,141 112,650
Net change in cash and cash equivalents 45,425 104,486
Cash and cash equivalents at beginning of period 358,916 349,561
Cash and cash equivalents at end of period $ 404,341 $ 454,047
[1] Effective January 1, 2020, Trustmark adopted FASB ASU 2016-13 using the modified retrospective approach.  Therefore, prior period balances are presented under legacy GAAP and may not be comparable to current period presentation.