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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Summary of Noninterest Income Disaggregated by Reportable Operating Segment and Revenue Stream

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

 

 

Three Months Ended March 31, 2021

 

 

Three Months Ended March 31, 2020

 

 

 

Topic 606

 

 

Not Topic

606 (1)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (1)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

7,338

 

 

$

 

 

$

7,338

 

 

$

10,012

 

 

$

 

 

$

10,012

 

Bank card and other fees

 

 

7,184

 

 

 

2,280

 

 

 

9,464

 

 

 

6,726

 

 

 

(1,377

)

 

 

5,349

 

Mortgage banking, net

 

 

 

 

 

20,804

 

 

 

20,804

 

 

 

 

 

 

27,483

 

 

 

27,483

 

Wealth management

 

 

18

 

 

 

 

 

 

18

 

 

 

86

 

 

 

 

 

 

86

 

Other, net

 

 

1,388

 

 

 

640

 

 

 

2,028

 

 

 

1,764

 

 

 

482

 

 

 

2,246

 

Total noninterest income

 

$

15,928

 

 

$

23,724

 

 

$

39,652

 

 

$

18,588

 

 

$

26,588

 

 

$

45,176

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

18

 

 

$

 

 

$

18

 

 

$

20

 

 

$

 

 

$

20

 

Bank card and other fees

 

 

8

 

 

 

 

 

 

8

 

 

 

6

 

 

 

 

 

 

6

 

Wealth management

 

 

8,398

 

 

 

 

 

 

8,398

 

 

 

8,451

 

 

 

 

 

 

8,451

 

Other, net

 

 

32

 

 

 

7

 

 

 

39

 

 

 

26

 

 

 

13

 

 

 

39

 

Total noninterest income

 

$

8,456

 

 

$

7

 

 

$

8,463

 

 

$

8,503

 

 

$

13

 

 

$

8,516

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

12,445

 

 

$

 

 

$

12,445

 

 

$

11,550

 

 

$

 

 

$

11,550

 

Other, net

 

 

23

 

 

 

 

 

 

23

 

 

 

22

 

 

 

 

 

 

22

 

Total noninterest income

 

$

12,468

 

 

$

 

 

$

12,468

 

 

$

11,572

 

 

$

 

 

$

11,572

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

$

7,356

 

 

$

 

 

$

7,356

 

 

$

10,032

 

 

$

 

 

$

10,032

 

Bank card and other fees

 

 

7,192

 

 

 

2,280

 

 

 

9,472

 

 

 

6,732

 

 

 

(1,377

)

 

 

5,355

 

Mortgage banking, net

 

 

 

 

 

20,804

 

 

 

20,804

 

 

 

 

 

 

27,483

 

 

 

27,483

 

Insurance commissions

 

 

12,445

 

 

 

 

 

 

12,445

 

 

 

11,550

 

 

 

 

 

 

11,550

 

Wealth management

 

 

8,416

 

 

 

 

 

 

8,416

 

 

 

8,537

 

 

 

 

 

 

8,537

 

Other, net

 

 

1,443

 

 

 

647

 

 

 

2,090

 

 

 

1,812

 

 

 

495

 

 

 

2,307

 

Total noninterest income

 

$

36,852

 

 

$

23,731

 

 

$

60,583

 

 

$

38,663

 

 

$

26,601

 

 

$

65,264

 

(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.