v3.26.1
Other Real Estate
3 Months Ended
Mar. 31, 2026
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Other Real Estate

Note 5 – Other Real Estate

At March 31, 2026, Trustmark’s geographic other real estate distribution was concentrated in its Alabama, Mississippi and Tennessee 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):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Balance at beginning of period

 

$

6,957

 

 

$

5,917

 

Additions

 

 

2,342

 

 

 

3,438

 

Disposals

 

 

(1,920

)

 

 

(878

)

(Write-downs) recoveries

 

 

(63

)

 

 

(129

)

Balance at end of period

 

$

7,316

 

 

$

8,348

 

 

 

 

 

 

 

 

Gains (losses), net on the sale of other real estate included in
   other real estate expense

 

$

(62

)

 

$

(77

)

 

At March 31, 2026 and December 31, 2025, other real estate by type of property consisted of the following ($ in thousands):

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Construction, land development and other land properties

 

$

148

 

 

$

63

 

1-4 family residential properties

 

 

3,297

 

 

 

3,871

 

Nonfarm, nonresidential properties

 

 

2,242

 

 

 

1,273

 

Other real estate properties

 

 

1,629

 

 

 

1,750

 

Total other real estate

 

$

7,316

 

 

$

6,957

 

 

At March 31, 2026 and December 31, 2025, other real estate by geographic location consisted of the following ($ in thousands):

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Alabama

 

$

1,356

 

 

$

409

 

Mississippi (1)

 

 

5,033

 

 

 

5,621

 

Tennessee (2)

 

 

927

 

 

 

927

 

Total other real estate

 

$

7,316

 

 

$

6,957

 

(1)
Mississippi includes Central and Southern Mississippi Regions.
(2)
Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.

At March 31, 2026, the balance of other real estate included $3.3 million of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property compared to $3.9 million at December 31, 2025. At March 31, 2026 and December 31, 2025, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $7.4 million and $8.1 million, respectively.