Revenue from Contracts with Customers |
Note 12 – Revenue from Contracts with Customers The following table presents noninterest income disaggregated by reportable operating segment and revenue stream for the periods presented ($ in thousands):
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Year Ended December 31, 2023 |
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Year Ended December 31, 2022 |
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Year Ended December 31, 2021 |
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Topic 606 |
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Not Topic 606 (1) |
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Total |
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Topic 606 |
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Not Topic 606 (1) |
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Total |
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Topic 606 |
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Not Topic 606 (1) |
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Total |
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General Banking Segment |
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Service charges on deposit accounts |
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$ |
43,329 |
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$ |
— |
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$ |
43,329 |
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$ |
42,073 |
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$ |
— |
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$ |
42,073 |
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$ |
33,169 |
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$ |
— |
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$ |
33,169 |
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Bank card and other fees |
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30,387 |
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2,995 |
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33,382 |
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31,474 |
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4,584 |
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36,058 |
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30,897 |
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3,727 |
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34,624 |
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Mortgage banking, net |
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— |
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26,216 |
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26,216 |
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— |
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28,306 |
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28,306 |
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— |
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63,750 |
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63,750 |
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Wealth management |
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|
838 |
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— |
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838 |
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|
639 |
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— |
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639 |
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48 |
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— |
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48 |
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Other, net |
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11,769 |
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(2,076 |
) |
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9,693 |
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8,469 |
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805 |
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9,274 |
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6,621 |
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(338 |
) |
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6,283 |
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Security gains (losses), net |
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— |
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39 |
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39 |
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— |
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— |
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— |
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— |
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— |
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— |
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Total noninterest income |
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$ |
86,323 |
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$ |
27,174 |
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$ |
113,497 |
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$ |
82,655 |
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$ |
33,695 |
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$ |
116,350 |
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$ |
70,735 |
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$ |
67,139 |
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$ |
137,874 |
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Wealth Management Segment |
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Service charges on deposit accounts |
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$ |
87 |
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$ |
— |
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$ |
87 |
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$ |
84 |
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$ |
— |
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$ |
84 |
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$ |
77 |
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$ |
— |
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$ |
77 |
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Bank card and other fees |
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|
57 |
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— |
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57 |
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47 |
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— |
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47 |
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38 |
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— |
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38 |
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Wealth management |
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34,254 |
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— |
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34,254 |
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34,374 |
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— |
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34,374 |
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35,142 |
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— |
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35,142 |
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Other, net |
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162 |
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376 |
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538 |
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528 |
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39 |
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567 |
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130 |
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33 |
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163 |
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Total noninterest income |
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$ |
34,560 |
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$ |
376 |
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$ |
34,936 |
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$ |
35,033 |
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$ |
39 |
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$ |
35,072 |
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$ |
35,387 |
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$ |
33 |
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$ |
35,420 |
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Insurance Segment |
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Insurance commissions |
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$ |
57,569 |
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$ |
— |
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$ |
57,569 |
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$ |
53,721 |
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$ |
— |
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$ |
53,721 |
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$ |
48,511 |
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$ |
— |
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$ |
48,511 |
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Other, net |
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956 |
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— |
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956 |
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1 |
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— |
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1 |
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105 |
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— |
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105 |
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Total noninterest income |
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$ |
58,525 |
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$ |
— |
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$ |
58,525 |
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$ |
53,722 |
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$ |
— |
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$ |
53,722 |
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$ |
48,616 |
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$ |
— |
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$ |
48,616 |
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Consolidated |
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Service charges on deposit accounts |
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$ |
43,416 |
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$ |
— |
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$ |
43,416 |
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$ |
42,157 |
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$ |
— |
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$ |
42,157 |
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$ |
33,246 |
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$ |
— |
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$ |
33,246 |
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Bank card and other fees |
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30,444 |
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2,995 |
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33,439 |
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31,521 |
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4,584 |
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36,105 |
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30,935 |
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3,727 |
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34,662 |
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Mortgage banking, net |
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— |
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26,216 |
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26,216 |
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— |
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28,306 |
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28,306 |
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— |
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63,750 |
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63,750 |
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Insurance commissions |
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57,569 |
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— |
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57,569 |
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53,721 |
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— |
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53,721 |
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48,511 |
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— |
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48,511 |
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Wealth management |
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35,092 |
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— |
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35,092 |
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35,013 |
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— |
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35,013 |
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35,190 |
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— |
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35,190 |
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Other, net |
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12,887 |
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(1,700 |
) |
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11,187 |
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8,998 |
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844 |
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9,842 |
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6,856 |
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(305 |
) |
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6,551 |
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Security gains (losses), net |
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— |
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39 |
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39 |
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— |
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— |
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— |
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— |
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— |
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— |
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Total noninterest income |
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$ |
179,408 |
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$ |
27,550 |
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$ |
206,958 |
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$ |
171,410 |
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$ |
33,734 |
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$ |
205,144 |
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$ |
154,738 |
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$ |
67,172 |
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$ |
221,910 |
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(1)Noninterest income not in scope for FASB ASC Topic 606 includes customer derivatives revenue and miscellaneous credit card 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 securities gains (losses), net.
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