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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2020
Revenue From Contract With Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

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

 

 

Three Months Ended September 30, 2020

 

 

Three Months Ended September 30, 2019

 

 

 

Topic 606

 

 

Not Topic

606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

7,557

 

 

$

 

 

$

7,557

 

 

$

11,041

 

 

$

 

 

$

11,041

 

Bank card and other fees

 

 

7,019

 

 

 

1,817

 

 

 

8,836

 

 

 

6,959

 

 

 

1,383

 

 

 

8,342

 

Mortgage banking, net

 

 

 

 

 

36,439

 

 

 

36,439

 

 

 

 

 

 

8,171

 

 

 

8,171

 

Wealth management

 

 

54

 

 

 

 

 

 

54

 

 

 

92

 

 

 

 

 

 

92

 

Other, net

 

 

1,496

 

 

 

40

 

 

 

1,536

 

 

 

1,792

 

 

 

138

 

 

 

1,930

 

Total noninterest income

 

$

16,126

 

 

$

38,296

 

 

$

54,422

 

 

$

19,884

 

 

$

9,692

 

 

$

29,576

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

20

 

 

$

 

 

$

20

 

 

$

24

 

 

$

 

 

$

24

 

Bank card and other fees

 

 

7

 

 

 

 

 

 

7

 

 

 

7

 

 

 

 

 

 

7

 

Wealth management

 

 

7,625

 

 

 

 

 

 

7,625

 

 

 

7,599

 

 

 

 

 

 

7,599

 

Other, net

 

 

27

 

 

 

15

 

 

 

42

 

 

 

22

 

 

 

32

 

 

 

54

 

Total noninterest income

 

$

7,679

 

 

$

15

 

 

$

7,694

 

 

$

7,652

 

 

$

32

 

 

$

7,684

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

11,562

 

 

$

 

 

$

11,562

 

 

$

11,072

 

 

$

 

 

$

11,072

 

Other, net

 

 

23

 

 

 

 

 

 

23

 

 

 

5

 

 

 

 

 

 

5

 

Total noninterest income

 

$

11,585

 

 

$

 

 

$

11,585

 

 

$

11,077

 

 

$

 

 

$

11,077

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

7,577

 

 

$

 

 

$

7,577

 

 

$

11,065

 

 

$

 

 

$

11,065

 

Bank card and other fees

 

 

7,026

 

 

 

1,817

 

 

 

8,843

 

 

 

6,966

 

 

 

1,383

 

 

 

8,349

 

Mortgage banking, net

 

 

 

 

 

36,439

 

 

 

36,439

 

 

 

 

 

 

8,171

 

 

 

8,171

 

Insurance commissions

 

 

11,562

 

 

 

 

 

 

11,562

 

 

 

11,072

 

 

 

 

 

 

11,072

 

Wealth management

 

 

7,679

 

 

 

 

 

 

7,679

 

 

 

7,691

 

 

 

 

 

 

7,691

 

Other, net

 

 

1,546

 

 

 

55

 

 

 

1,601

 

 

 

1,819

 

 

 

170

 

 

 

1,989

 

Total noninterest income

 

$

35,390

 

 

$

38,311

 

 

$

73,701

 

 

$

38,613

 

 

$

9,724

 

 

$

48,337

 

(1)

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.

 

 

 

Nine Months Ended September 30, 2020

 

 

Nine Months Ended September 30, 2019

 

 

 

Topic 606

 

 

Not Topic

606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

23,949

 

 

$

 

 

$

23,949

 

 

$

31,638

 

 

$

 

 

$

31,638

 

Bank card and other fees

 

 

20,294

 

 

 

1,600

 

 

 

21,894

 

 

 

20,986

 

 

 

2,508

 

 

 

23,494

 

Mortgage banking, net

 

 

 

 

 

97,667

 

 

 

97,667

 

 

 

 

 

 

21,908

 

 

 

21,908

 

Wealth management

 

 

219

 

 

 

 

 

 

219

 

 

 

280

 

 

 

 

 

 

280

 

Other, net

 

 

4,614

 

 

 

1,306

 

 

 

5,920

 

 

 

6,369

 

 

 

(392

)

 

 

5,977

 

Total noninterest income

 

$

49,076

 

 

$

100,573

 

 

$

149,649

 

 

$

59,273

 

 

$

24,024

 

 

$

83,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

57

 

 

$

 

 

$

57

 

 

$

71

 

 

$

 

 

$

71

 

Bank card and other fees

 

 

21

 

 

 

 

 

 

21

 

 

 

50

 

 

 

 

 

 

50

 

Wealth management

 

 

23,568

 

 

 

 

 

 

23,568

 

 

 

22,636

 

 

 

 

 

 

22,636

 

Other, net

 

 

77

 

 

 

37

 

 

 

114

 

 

 

283

 

 

 

87

 

 

 

370

 

Total noninterest income

 

$

23,723

 

 

$

37

 

 

$

23,760

 

 

$

23,040

 

 

$

87

 

 

$

23,127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

34,980

 

 

$

 

 

$

34,980

 

 

$

33,032

 

 

$

 

 

$

33,032

 

Other, net

 

 

87

 

 

 

 

 

 

87

 

 

 

11

 

 

 

 

 

 

11

 

Total noninterest income

 

$

35,067

 

 

$

 

 

$

35,067

 

 

$

33,043

 

 

$

 

 

$

33,043

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

24,006

 

 

$

 

 

$

24,006

 

 

$

31,709

 

 

$

 

 

$

31,709

 

Bank card and other fees

 

 

20,315

 

 

 

1,600

 

 

 

21,915

 

 

 

21,036

 

 

 

2,508

 

 

 

23,544

 

Mortgage banking, net

 

 

 

 

 

97,667

 

 

 

97,667

 

 

 

 

 

 

21,908

 

 

 

21,908

 

Insurance commissions

 

 

34,980

 

 

 

 

 

 

34,980

 

 

 

33,032

 

 

 

 

 

 

33,032

 

Wealth management

 

 

23,787

 

 

 

 

 

 

23,787

 

 

 

22,916

 

 

 

 

 

 

22,916

 

Other, net

 

 

4,778

 

 

 

1,343

 

 

 

6,121

 

 

 

6,663

 

 

 

(305

)

 

 

6,358

 

Total noninterest income

 

$

107,866

 

 

$

100,610

 

 

$

208,476

 

 

$

115,356

 

 

$

24,111

 

 

$

139,467

 

(1)

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.