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):
|
|
Year Ended December 31, 2019 |
|
|
Year Ended December 31, 2018 (1) |
|
|
Year Ended December 31, 2017 (1)(2) |
|
|
|
Topic 606 |
|
|
Not Topic
606 (3) |
|
|
Total |
|
|
Topic 606 |
|
|
Not Topic
606 (3) |
|
|
Total |
|
|
Topic 606 |
|
|
Not Topic
606 (3) |
|
|
Total |
|
General Banking Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit
accounts |
|
$ |
42,509 |
|
|
$ |
— |
|
|
$ |
42,509 |
|
|
$ |
43,614 |
|
|
$ |
— |
|
|
$ |
43,614 |
|
|
$ |
43,928 |
|
|
$ |
— |
|
|
$ |
43,928 |
|
Bank card and other fees |
|
|
27,972 |
|
|
|
3,706 |
|
|
|
31,678 |
|
|
|
26,904 |
|
|
|
1,897 |
|
|
|
28,801 |
|
|
|
27,958 |
|
|
|
250 |
|
|
|
28,208 |
|
Mortgage banking, net |
|
|
— |
|
|
|
29,822 |
|
|
|
29,822 |
|
|
|
— |
|
|
|
34,674 |
|
|
|
34,674 |
|
|
|
— |
|
|
|
29,902 |
|
|
|
29,902 |
|
Wealth management |
|
|
379 |
|
|
|
— |
|
|
|
379 |
|
|
|
296 |
|
|
|
— |
|
|
|
296 |
|
|
|
210 |
|
|
|
— |
|
|
|
210 |
|
Other, net |
|
|
9,527 |
|
|
|
(160 |
) |
|
|
9,367 |
|
|
|
6,762 |
|
|
|
(217 |
) |
|
|
6,545 |
|
|
|
6,547 |
|
|
|
7,234 |
|
|
|
13,781 |
|
Security gains (losses), net |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15 |
|
|
|
15 |
|
Total noninterest income |
|
$ |
80,387 |
|
|
$ |
33,368 |
|
|
$ |
113,755 |
|
|
$ |
77,576 |
|
|
$ |
36,354 |
|
|
$ |
113,930 |
|
|
$ |
78,643 |
|
|
$ |
37,401 |
|
|
$ |
116,044 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wealth Management Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit
accounts |
|
$ |
94 |
|
|
$ |
— |
|
|
$ |
94 |
|
|
$ |
88 |
|
|
$ |
— |
|
|
$ |
88 |
|
|
$ |
75 |
|
|
$ |
— |
|
|
$ |
75 |
|
Bank card and other fees |
|
|
58 |
|
|
|
— |
|
|
|
58 |
|
|
|
104 |
|
|
|
— |
|
|
|
104 |
|
|
|
78 |
|
|
|
— |
|
|
|
78 |
|
Wealth management |
|
|
30,300 |
|
|
|
— |
|
|
|
30,300 |
|
|
|
30,042 |
|
|
|
— |
|
|
|
30,042 |
|
|
|
30,130 |
|
|
|
— |
|
|
|
30,130 |
|
Other, net |
|
|
306 |
|
|
|
103 |
|
|
|
409 |
|
|
|
69 |
|
|
|
117 |
|
|
|
186 |
|
|
|
20 |
|
|
|
118 |
|
|
|
138 |
|
Total noninterest income |
|
$ |
30,758 |
|
|
$ |
103 |
|
|
$ |
30,861 |
|
|
$ |
30,303 |
|
|
$ |
117 |
|
|
$ |
30,420 |
|
|
$ |
30,303 |
|
|
$ |
118 |
|
|
$ |
30,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance commissions |
|
$ |
42,396 |
|
|
$ |
— |
|
|
$ |
42,396 |
|
|
$ |
40,481 |
|
|
$ |
— |
|
|
$ |
40,481 |
|
|
$ |
38,168 |
|
|
$ |
— |
|
|
$ |
38,168 |
|
Other, net |
|
|
33 |
|
|
|
— |
|
|
|
33 |
|
|
|
5 |
|
|
|
— |
|
|
|
5 |
|
|
|
30 |
|
|
|
— |
|
|
|
30 |
|
Total noninterest income |
|
$ |
42,429 |
|
|
$ |
— |
|
|
$ |
42,429 |
|
|
$ |
40,486 |
|
|
$ |
— |
|
|
$ |
40,486 |
|
|
$ |
38,198 |
|
|
$ |
— |
|
|
$ |
38,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit
accounts |
|
$ |
42,603 |
|
|
$ |
— |
|
|
$ |
42,603 |
|
|
$ |
43,702 |
|
|
$ |
— |
|
|
$ |
43,702 |
|
|
$ |
44,003 |
|
|
$ |
— |
|
|
$ |
44,003 |
|
Bank card and other fees |
|
|
28,030 |
|
|
|
3,706 |
|
|
|
31,736 |
|
|
|
27,008 |
|
|
|
1,897 |
|
|
|
28,905 |
|
|
|
28,036 |
|
|
|
250 |
|
|
|
28,286 |
|
Mortgage banking, net |
|
|
— |
|
|
|
29,822 |
|
|
|
29,822 |
|
|
|
— |
|
|
|
34,674 |
|
|
|
34,674 |
|
|
|
— |
|
|
|
29,902 |
|
|
|
29,902 |
|
Insurance commissions |
|
|
42,396 |
|
|
|
— |
|
|
|
42,396 |
|
|
|
40,481 |
|
|
|
— |
|
|
|
40,481 |
|
|
|
38,168 |
|
|
|
— |
|
|
|
38,168 |
|
Wealth management |
|
|
30,679 |
|
|
|
— |
|
|
|
30,679 |
|
|
|
30,338 |
|
|
|
— |
|
|
|
30,338 |
|
|
|
30,340 |
|
|
|
— |
|
|
|
30,340 |
|
Other, net |
|
|
9,866 |
|
|
|
(57 |
) |
|
|
9,809 |
|
|
|
6,836 |
|
|
|
(100 |
) |
|
|
6,736 |
|
|
|
6,597 |
|
|
|
7,352 |
|
|
|
13,949 |
|
Security gains (losses), net |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15 |
|
|
|
15 |
|
Total noninterest income |
|
$ |
153,574 |
|
|
$ |
33,471 |
|
|
$ |
187,045 |
|
|
$ |
148,365 |
|
|
$ |
36,471 |
|
|
$ |
184,836 |
|
|
$ |
147,144 |
|
|
$ |
37,519 |
|
|
$ |
184,663 |
|
(1) |
During the first quarter of 2019, Trustmark revised the composition of its operating segments by moving the Private Banking Group from the General Banking Segment to the Wealth Management Segment as a result of a change in supervision of this group for segment reporting purposes. The prior period amounts presented include reclassifications to conform to the current period presentation. |
(2) |
Trustmark elected the modified retrospective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation. |
(3) |
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. |
|