Other Real Estate |
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Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Real Estate | Note 6 – Other Real Estate At June 30, 2025, Trustmark’s geographic other real estate distribution was concentrated in its Alabama, Mississippi, Tennessee and Texas market regions. The ultimate recovery of a substantial portion of the carrying amount of other real estate is susceptible to changes in market conditions in these regions. For the periods presented, changes and gains (losses), net on other real estate were as follows ($ in thousands):
At June 30, 2025 and December 31, 2024, other real estate by type of property consisted of the following ($ in thousands):
At June 30, 2025 and December 31, 2024, other real estate by geographic location consisted of the following ($ in thousands):
(1) Mississippi includes Central and Southern Mississippi Regions. (2) Tennessee includes Memphis, Tennessee and Northern Mississippi Regions. At June 30, 2025, the balance of other real estate included $3.2 million of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property compared to $2.3 million at December 31, 2024. At June 30, 2025 and December 31, 2024, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $5.4 million and $7.6 million, respectively. |