| Table of Actual Regulatory Capital Amounts and Ratios |
The following table provides Trustmark’s and TB’s actual regulatory capital amounts and ratios under regulatory capital standards in effect at June 30, 2025 and December 31, 2024 ($ in thousands):
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Actual |
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Regulatory Capital |
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Minimum |
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To Be Well |
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Amount |
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Ratio |
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Requirement |
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Capitalized |
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At June 30, 2025: |
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Common Equity Tier 1 Capital (to Risk Weighted Assets) |
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Trustmark Corporation |
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$ |
1,779,568 |
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11.70 |
% |
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|
7.00 |
% |
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n/a |
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Trustmark Bank |
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1,864,379 |
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12.26 |
% |
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7.00 |
% |
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6.50 |
% |
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Tier 1 Capital (to Risk Weighted Assets) |
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Trustmark Corporation |
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$ |
1,839,568 |
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12.09 |
% |
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8.50 |
% |
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n/a |
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Trustmark Bank |
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1,864,379 |
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12.26 |
% |
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8.50 |
% |
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8.00 |
% |
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Total Capital (to Risk Weighted Assets) |
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Trustmark Corporation |
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$ |
2,153,616 |
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14.15 |
% |
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10.50 |
% |
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n/a |
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Trustmark Bank |
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2,054,586 |
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13.51 |
% |
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10.50 |
% |
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10.00 |
% |
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Tier 1 Leverage (to Average Assets) |
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Trustmark Corporation |
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$ |
1,839,568 |
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10.15 |
% |
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4.00 |
% |
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n/a |
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Trustmark Bank |
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1,864,379 |
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10.29 |
% |
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4.00 |
% |
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5.00 |
% |
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At December 31, 2024: |
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Common Equity Tier 1 Capital (to Risk Weighted Assets) |
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Trustmark Corporation |
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$ |
1,729,672 |
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11.54 |
% |
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7.00 |
% |
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n/a |
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Trustmark Bank |
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1,828,044 |
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12.20 |
% |
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7.00 |
% |
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6.50 |
% |
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Tier 1 Capital (to Risk Weighted Assets) |
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Trustmark Corporation |
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$ |
1,789,672 |
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11.94 |
% |
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8.50 |
% |
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n/a |
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Trustmark Bank |
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|
1,828,044 |
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12.20 |
% |
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8.50 |
% |
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8.00 |
% |
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Total Capital (to Risk Weighted Assets) |
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Trustmark Corporation |
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$ |
2,094,874 |
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13.97 |
% |
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10.50 |
% |
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n/a |
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Trustmark Bank |
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2,009,544 |
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13.41 |
% |
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10.50 |
% |
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10.00 |
% |
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Tier 1 Leverage (to Average Assets) |
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Trustmark Corporation |
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$ |
1,789,672 |
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9.99 |
% |
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4.00 |
% |
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n/a |
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Trustmark Bank |
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1,828,044 |
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10.21 |
% |
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4.00 |
% |
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5.00 |
% |
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| Net Change in Components of Accumulated Other Comprehensive Income (Loss) and the Related Tax Effects |
The following table presents the net change in the components of accumulated other comprehensive income (loss) and the related tax effects allocated to each component for the periods presented ($ in thousands).
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Three Months Ended June 30, 2025 |
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Three Months Ended June 30, 2024 |
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Before Tax
Amount |
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Tax (Expense)
Benefit |
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Net of Tax
Amount |
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Before Tax
Amount |
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Tax (Expense)
Benefit |
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Net of Tax
Amount |
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Securities available for sale and transferred
securities: |
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Net unrealized holding gains (losses) arising
during the period |
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$ |
13,992 |
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$ |
(3,499 |
) |
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$ |
10,493 |
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$ |
(5,761 |
) |
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$ |
1,440 |
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$ |
(4,321 |
) |
Reclassification adjustment for net (gains) losses
realized in net income |
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— |
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— |
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— |
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182,792 |
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(45,698 |
) |
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137,094 |
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Change in net unrealized holding loss on
securities transferred to held to maturity |
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3,450 |
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(863 |
) |
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2,587 |
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3,671 |
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(918 |
) |
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2,753 |
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Total securities available for sale
and transferred securities |
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17,442 |
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(4,362 |
) |
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13,080 |
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180,702 |
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(45,176 |
) |
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135,526 |
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Pension and other postretirement benefit plans: |
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Reclassification adjustments for changes
realized in net income: |
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Net change in prior service costs |
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3 |
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— |
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3 |
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27 |
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(7 |
) |
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20 |
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Recognized net loss due to lump sum
settlements |
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— |
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— |
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— |
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(13 |
) |
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3 |
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(10 |
) |
Change in net actuarial loss |
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61 |
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(16 |
) |
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45 |
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|
84 |
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(20 |
) |
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|
64 |
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Total pension and other postretirement
benefit plans |
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|
64 |
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(16 |
) |
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|
48 |
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|
98 |
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(24 |
) |
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|
74 |
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Cash flow hedge derivatives: |
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Change in accumulated gain (loss) on effective
cash flow hedge derivatives |
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4,098 |
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(1,024 |
) |
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|
3,074 |
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(4,873 |
) |
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1,218 |
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(3,655 |
) |
Reclassification adjustment for (gain) loss
realized in net income |
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2,681 |
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(670 |
) |
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2,011 |
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4,869 |
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(1,217 |
) |
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3,652 |
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Total cash flow hedge derivatives |
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6,779 |
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(1,694 |
) |
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5,085 |
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(4 |
) |
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1 |
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(3 |
) |
Total other comprehensive income (loss) |
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$ |
24,285 |
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$ |
(6,072 |
) |
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$ |
18,213 |
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$ |
180,796 |
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$ |
(45,199 |
) |
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$ |
135,597 |
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Six Months Ended June 30, 2025 |
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Six Months Ended June 30, 2024 |
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Before Tax
Amount |
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Tax (Expense)
Benefit |
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Net of Tax
Amount |
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Before Tax
Amount |
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Tax (Expense)
Benefit |
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Net of Tax
Amount |
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Securities available for sale and transferred
securities: |
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Net unrealized holding gains (losses) arising
during the period |
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$ |
46,591 |
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$ |
(11,648 |
) |
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$ |
34,943 |
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$ |
(8,313 |
) |
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$ |
2,078 |
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$ |
(6,235 |
) |
Reclassification adjustment for net (gains) losses
realized in net income |
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|
— |
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|
— |
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|
— |
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|
182,792 |
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(45,698 |
) |
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|
137,094 |
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Change in net unrealized holding loss on
securities transferred to held to maturity |
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|
6,875 |
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(1,719 |
) |
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5,156 |
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7,332 |
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(1,833 |
) |
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|
5,499 |
|
Total securities available for sale
and transferred securities |
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53,466 |
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(13,367 |
) |
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40,099 |
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|
181,811 |
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(45,453 |
) |
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|
136,358 |
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Pension and other postretirement benefit plans: |
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Reclassification adjustments for changes
realized in net income: |
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Net change in prior service costs |
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7 |
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(1 |
) |
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6 |
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|
55 |
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(14 |
) |
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|
41 |
|
Recognized net loss due to lump sum
settlements |
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|
(50 |
) |
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|
12 |
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|
(38 |
) |
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(13 |
) |
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3 |
|
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|
(10 |
) |
Change in net actuarial loss |
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|
132 |
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(33 |
) |
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|
99 |
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|
179 |
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|
(44 |
) |
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|
135 |
|
Total pension and other postretirement
benefit plans |
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|
89 |
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|
(22 |
) |
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|
67 |
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|
221 |
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(55 |
) |
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|
166 |
|
Cash flow hedge derivatives: |
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Change in accumulated gain (loss) on effective
cash flow hedge derivatives |
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|
11,977 |
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(2,994 |
) |
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|
8,983 |
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(20,833 |
) |
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|
5,208 |
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(15,625 |
) |
Reclassification adjustment for (gain) loss
realized in net income |
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|
5,361 |
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(1,340 |
) |
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|
4,021 |
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|
9,689 |
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(2,422 |
) |
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|
7,267 |
|
Total cash flow hedge derivatives |
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|
17,338 |
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(4,334 |
) |
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|
13,004 |
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|
(11,144 |
) |
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|
2,786 |
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|
(8,358 |
) |
Total other comprehensive income (loss) |
|
$ |
70,893 |
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|
$ |
(17,723 |
) |
|
$ |
53,170 |
|
|
$ |
170,888 |
|
|
$ |
(42,722 |
) |
|
$ |
128,166 |
|
|
| Summary of Changes in Balances of Accumulated Other Comprehensive Income (Loss) |
The following table presents the changes in the balances of each component of accumulated other comprehensive income (loss) for the periods presented ($ in thousands). All amounts are presented net of tax.
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Securities
Available for Sale
and Transferred
Securities |
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Defined
Benefit
Pension Items |
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|
Cash Flow
Hedge
Derivatives |
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Total |
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Balance at January 1, 2025 |
$ |
(66,885 |
) |
|
$ |
(4,721 |
) |
|
$ |
(12,053 |
) |
|
$ |
(83,659 |
) |
Other comprehensive income (loss) before
reclassification |
|
40,099 |
|
|
|
— |
|
|
|
8,983 |
|
|
|
49,082 |
|
Amounts reclassified from accumulated other
comprehensive income (loss) |
|
— |
|
|
|
67 |
|
|
|
4,021 |
|
|
|
4,088 |
|
Net other comprehensive income (loss) |
|
40,099 |
|
|
|
67 |
|
|
|
13,004 |
|
|
|
53,170 |
|
Balance at June 30, 2025 |
$ |
(26,786 |
) |
|
$ |
(4,654 |
) |
|
$ |
951 |
|
|
$ |
(30,489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2024 |
$ |
(204,670 |
) |
|
$ |
(6,075 |
) |
|
$ |
(8,978 |
) |
|
$ |
(219,723 |
) |
Other comprehensive income (loss) before
reclassification |
|
(736 |
) |
|
|
— |
|
|
|
(15,625 |
) |
|
|
(16,361 |
) |
Amounts reclassified from accumulated other
comprehensive income (loss) |
|
137,094 |
|
|
|
166 |
|
|
|
7,267 |
|
|
|
144,527 |
|
Net other comprehensive income (loss) |
|
136,358 |
|
|
|
166 |
|
|
|
(8,358 |
) |
|
|
128,166 |
|
Balance at June 30, 2024 |
$ |
(68,312 |
) |
|
$ |
(5,909 |
) |
|
$ |
(17,336 |
) |
|
$ |
(91,557 |
) |
|