XML 58 R43.htm IDEA: XBRL DOCUMENT v3.20.4
Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2020
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):

 

 

 

Year Ended December 31, 2020

 

 

Year Ended December 31, 2019 (1)

 

 

Year Ended December 31, 2018 (1)

 

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

 

Topic 606

 

 

Not Topic

606 (2)

 

 

Total

 

General Banking Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit

   accounts

 

$

32,213

 

 

$

 

 

$

32,213

 

 

$

42,509

 

 

$

 

 

$

42,509

 

 

$

43,614

 

 

$

 

 

$

43,614

 

Bank card and other fees

 

 

27,398

 

 

 

3,594

 

 

 

30,992

 

 

 

27,973

 

 

 

3,706

 

 

 

31,679

 

 

 

26,904

 

 

 

1,897

 

 

 

28,801

 

Mortgage banking, net

 

 

 

 

 

125,822

 

 

 

125,822

 

 

 

 

 

 

29,822

 

 

 

29,822

 

 

 

 

 

 

34,674

 

 

 

34,674

 

Wealth management

 

 

254

 

 

 

 

 

 

254

 

 

 

379

 

 

 

 

 

 

379

 

 

 

296

 

 

 

 

 

 

296

 

Other, net

 

 

7,432

 

 

 

978

 

 

 

8,410

 

 

 

9,528

 

 

 

(161

)

 

 

9,367

 

 

 

6,762

 

 

 

(217

)

 

 

6,545

 

Total noninterest income

 

$

67,297

 

 

$

130,394

 

 

$

197,691

 

 

$

80,389

 

 

$

33,367

 

 

$

113,756

 

 

$

77,576

 

 

$

36,354

 

 

$

113,930

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit

   accounts

 

$

76

 

 

$

 

 

$

76

 

 

$

94

 

 

$

 

 

$

94

 

 

$

88

 

 

$

 

 

$

88

 

Bank card and other fees

 

 

30

 

 

 

 

 

 

30

 

 

 

57

 

 

 

 

 

 

57

 

 

 

104

 

 

 

 

 

 

104

 

Wealth management

 

 

31,371

 

 

 

 

 

 

31,371

 

 

 

30,300

 

 

 

 

 

 

30,300

 

 

 

30,042

 

 

 

 

 

 

30,042

 

Other, net

 

 

107

 

 

 

50

 

 

 

157

 

 

 

306

 

 

 

103

 

 

 

409

 

 

 

69

 

 

 

117

 

 

 

186

 

Total noninterest income

 

$

31,584

 

 

$

50

 

 

$

31,634

 

 

$

30,757

 

 

$

103

 

 

$

30,860

 

 

$

30,303

 

 

$

117

 

 

$

30,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance commissions

 

$

45,176

 

 

$

 

 

$

45,176

 

 

$

42,396

 

 

$

 

 

$

42,396

 

 

$

40,481

 

 

$

 

 

$

40,481

 

Other, net

 

 

92

 

 

 

 

 

 

92

 

 

 

33

 

 

 

 

 

 

33

 

 

 

5

 

 

 

 

 

 

5

 

Total noninterest income

 

$

45,268

 

 

$

 

 

$

45,268

 

 

$

42,429

 

 

$

 

 

$

42,429

 

 

$

40,486

 

 

$

 

 

$

40,486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit

   accounts

 

$

32,289

 

 

$

 

 

$

32,289

 

 

$

42,603

 

 

$

 

 

$

42,603

 

 

$

43,702

 

 

$

 

 

$

43,702

 

Bank card and other fees

 

 

27,428

 

 

 

3,594

 

 

 

31,022

 

 

 

28,030

 

 

 

3,706

 

 

 

31,736

 

 

 

27,008

 

 

 

1,897

 

 

 

28,905

 

Mortgage banking, net

 

 

 

 

 

125,822

 

 

 

125,822

 

 

 

 

 

 

29,822

 

 

 

29,822

 

 

 

 

 

 

34,674

 

 

 

34,674

 

Insurance commissions

 

 

45,176

 

 

 

 

 

 

45,176

 

 

 

42,396

 

 

 

 

 

 

42,396

 

 

 

40,481

 

 

 

 

 

 

40,481

 

Wealth management

 

 

31,625

 

 

 

 

 

 

31,625

 

 

 

30,679

 

 

 

 

 

 

30,679

 

 

 

30,338

 

 

 

 

 

 

30,338

 

Other, net

 

 

7,631

 

 

 

1,028

 

 

 

8,659

 

 

 

9,867

 

 

 

(58

)

 

 

9,809

 

 

 

6,836

 

 

 

(100

)

 

 

6,736

 

Total noninterest income

 

$

144,149

 

 

$

130,444

 

 

$

274,593

 

 

$

153,575

 

 

$

33,470

 

 

$

187,045

 

 

$

148,365

 

 

$

36,471

 

 

$

184,836

 

 

(1)

During the first quarter of 2020, Trustmark revised the composition of its operating segments by moving the Retail 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)

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.