LHFI and ACL, LHFI (Tables)

3 Months Ended

Mar. 31, 2026

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Loan Portfolio Held for Investment

At March 31, 2026 and December 31, 2025, LHFI consisted of the following ($ in thousands):


		March 31, 2026				December 31, 2025
Loans secured by real estate:
Construction, land development and other land		$	560,143			$	549,353
Other secured by 1-4 family residential properties			712,532				704,514
Secured by nonfarm, nonresidential properties			3,289,115				3,304,523
Other real estate secured			2,079,222				2,124,272
Other loans secured by real estate:
Other construction			645,555				595,238
Secured by 1-4 family residential properties			2,347,195				2,351,675
Commercial and industrial loans			2,166,425				1,999,464
Consumer loans			159,443				163,754
State and other political subdivision loans			1,059,624				1,061,584
Other commercial loans and leases			858,717				819,856
LHFI			13,877,971				13,674,233
Less ACL			160,431				157,071
Net LHFI		$	13,717,540			$	13,517,162

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status

The following tables provide the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more still accruing interest at March 31, 2026 and December 31, 2025 ($ in thousands):


		March 31, 2026
		Nonaccrual With No ACL				Total Nonaccrual				Loans Past Due 90 Days or More Still Accruing
Loans secured by real estate:
Construction, land development and other land		$	150			$	304			$	—
Other secured by 1-4 family residential properties			417				8,407				532
Secured by nonfarm, nonresidential properties			8,848				12,465				—
Other real estate secured			234				395				—
Other loans secured by real estate:
Secured by 1-4 family residential properties			3,189				68,556				2,405
Commercial and industrial loans			—				4,956				—
Consumer loans			—				391				808
Other commercial loans and leases			764				1,245				—
Total		$	13,602			$	96,719			$	3,745


		December 31, 2025
		Nonaccrual With No ACL				Total Nonaccrual				Loans Past Due 90 Days or More Still Accruing
Loans secured by real estate:
Construction, land development and other land		$	156			$	355			$	—
Other secured by 1-4 family residential properties			715				8,991				520
Secured by nonfarm, nonresidential properties			2,105				5,579				—
Other real estate secured			234				399				—
Other loans secured by real estate:
Secured by 1-4 family residential properties			3,414				64,293				3,133
Commercial and industrial loans			145				3,615				—
Consumer loans			—				385				449
State and other political subdivision loans			—				—				995
Other commercial loans and leases			764				774				—
Total		$	7,533			$	84,391			$	5,097

Aging Analysis of Past Due and Nonaccrual LHFI by Loan Type

The following tables provide an aging analysis of the amortized cost basis of past due LHFI (including nonaccrual LHFI) at March 31, 2026 and December 31, 2025 ($ in thousands):


		March 31, 2026
		Past Due
		30-59 Days				60-89 Days				90 Days or More				Total Past Due				Current Loans				Total LHFI
Loans secured by real estate:
Construction, land development and other land		$	176			$	—			$	104			$	280			$	559,863			$	560,143
Other secured by 1-4 family residential properties			4,485				2,381				3,307				10,173				702,359				712,532
Secured by nonfarm, nonresidential properties			356				742				10,869				11,967				3,277,148				3,289,115
Other real estate secured			26				—				316				342				2,078,880				2,079,222
Other loans secured by real estate:
Other construction			—				—				—				—				645,555				645,555
Secured by 1-4 family residential properties			14,329				5,412				32,228				51,969				2,295,226				2,347,195
Commercial and industrial loans			2,592				280				1,369				4,241				2,162,184				2,166,425
Consumer loans			1,485				522				822				2,829				156,614				159,443
State and other political subdivision loans			—				—				—				—				1,059,624				1,059,624
Other commercial loans and leases			562				—				—				562				858,155				858,717
Total		$	24,011			$	9,337			$	49,015			$	82,363			$	13,795,608			$	13,877,971


		December 31, 2025
		Past Due
		30-59 Days				60-89 Days				90 Days or More				Total Past Due				Current Loans				Total LHFI
Loans secured by real estate:
Construction, land development and other land		$	786			$	139			$	—			$	925			$	548,428			$	549,353
Other secured by 1-4 family residential properties			6,118				1,238				3,868				11,224				693,290				704,514
Secured by nonfarm, nonresidential properties			1,798				185				3,829				5,812				3,298,711				3,304,523
Other real estate secured			1				—				316				317				2,123,955				2,124,272
Other loans secured by real estate:
Other construction			—				—				—				—				595,238				595,238
Secured by 1-4 family residential properties			19,838				8,340				34,838				63,016				2,288,659				2,351,675
Commercial and industrial loans			2,828				352				1,014				4,194				1,995,270				1,999,464
Consumer loans			2,109				402				453				2,964				160,790				163,754
State and other political subdivision loans			8				—				995				1,003				1,060,581				1,061,584
Other commercial loans and leases			4				15				—				19				819,837				819,856
Total		$	33,490			$	10,671			$	45,313			$	89,474			$	13,584,759			$	13,674,233

Impact of Modifications Classified as Troubled Debt Restructurings

The following tables present the amortized cost of LHFI of loans modified to borrowers experiencing financial difficulty disaggregated by class of loan and type of modification at the end of each of the periods presented ($ in thousands). The percentage of the amortized cost basis of LHFI that were modified to borrowers experiencing financial difficulty as compared to the amortized cost basis of each class of LHFI is also presented below:


		Three Months Ended March 31, 2026
		Term Extension				% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	755				0.11	%
Other loans secured by real estate:
Secured by 1-4 family residential properties			4,047				0.17	%
Total		$	4,802				0.03	%


		Three Months Ended March 31, 2025
		Payment Delay				Term Extension				Total				% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	—			$	747			$	747				0.11	%
Other loans secured by real estate:
Secured by 1-4 family residential properties			—				2,190				2,190				0.09	%
Commercial and industrial loans			12,467				—				12,467				0.71	%
Total		$	12,467			$	2,937			$	15,404				0.12	%

Troubled debt restructurings on financial effect

The following tables detail the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the periods presented:


		Three Months Ended March 31, 2026
		Financial Effect
		Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified three loans and twelve lines of credit to amortize over 24 month terms
Other loans secured by real estate:
Secured by 1-4 family residential properties		Reamortized twenty-two loans with term adjusted by weighted average of 40 months


		Three Months Ended March 31, 2025
		Financial Effect
		Payment Delay		Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties				Modified one loan and eleven lines of credit to amortize over 24 month terms
Other loans secured by real estate:
Secured by 1-4 family residential properties				Re-amortized twelve loans with term adjusted by weighted-average of 29 months
Commercial and industrial loans		Eight monthly interest payments deferred

Past Due Modifications Related To Loans Held For Investment

The following tables provide details of the performance of such LHFI that have been modified in the preceding twelve months as of March 31, 2026 and 2025 ($ in thousands):


		March 31, 2026
		Past Due
		30-59 Days				60-89 Days				90 Days or More				Total Past Due				Current Loans				Total
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	110			$	43			$	58			$	211			$	2,660			$	2,871
Other real estate secured			—				—				—				—				15,000			$	15,000
Other loans secured by real estate:
Secured by 1-4 family residential properties			824				261				1,497				2,582				11,197				13,779
Commercial and industrial loans			—				—				511				511				—				511
Total		$	934			$	304			$	2,066			$	3,304			$	28,857			$	32,161


		March 31, 2025
		Past Due
		30-59 Days				60-89 Days				90 Days or More				Total Past Due				Current Loans				Total
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	339			$	85			$	201			$	625			$	2,347			$	2,972
Other loans secured by real estate:
Secured by 1-4 family residential properties			—				—				—				—				2,316				2,316
Commercial and industrial loans			—				—				18,675				18,675				—				18,675
Total		$	339			$	85			$	18,876			$	19,300			$	4,663			$	23,963

Schedule Of Amortized Cost Basis Of Collateral Dependent Loans by Class of Loans

The following tables present the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2026 and December 31, 2025 ($ in thousands):


		March 31, 2026
		Real Estate				Vehicles				Miscellaneous				Total
Loans secured by real estate:
Construction, land development and other land		$	150			$	—			$	—			$	150
Other secured by 1-4 family residential properties			542				—				—				542
Secured by nonfarm, nonresidential properties			8,848				—				—				8,848
Other real estate secured			15,234				—				—				15,234
Other loans secured by real estate:
Secured by 1-4 family residential properties			3,189				—				—				3,189
Commercial and industrial loans			—				1,121				2,071				3,192
Consumer loans			—				—				95				95
Other commercial loans and leases			—				475				765				1,240
Total		$	27,963			$	1,596			$	2,931			$	32,490


		December 31, 2025
		Real Estate				Vehicles				Miscellaneous				Total
Loans secured by real estate:
Construction, land development and other land		$	156			$	—			$	—			$	156
Other secured by 1-4 family residential properties			848				—				—				848
Secured by nonfarm, nonresidential properties			2,531				—				—				2,531
Other real estate secured			15,234				—				—				15,234
Other loans secured by real estate:
Secured by 1-4 family residential properties			3,414				—				—				3,414
Commercial and industrial loans			—				1,554				250				1,804
Consumer loans			—				—				103				103
Other commercial loans and leases			—				—				764				764
Total		$	22,183			$	1,554			$	1,117			$	24,854

Carrying Amount of Loans by Credit Quality Indicator

The tables below present the amortized cost basis of loans by credit quality indicator, class of loans and year of origination, renewal or major modification based on analyses performed at March 31, 2026 and December 31, 2025 ($ in thousands):


		Term Loans by Origination Year
		2026				2025				2024				2023				2022				Prior				Revolving Loans				Total
As of March 31, 2026		Commercial LHFI
Loans secured by real estate:
Construction, land development and other land:
Pass - RR 1 through RR 6		$	89,388			$	272,571			$	55,371			$	14,437			$	11,982			$	6,192			$	45,009			$	494,950
Special Mention - RR 7			26				—				—				—				—				9				—				35
Substandard - RR 8			58				3,304				1,345				—				200				—				—				4,907
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			89,472				275,875				56,716				14,437				12,182				6,201				45,009				499,892
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other secured by 1-4 family residential properties:
Pass - RR 1 through RR 6		$	12,660			$	40,313			$	21,499			$	16,728			$	16,581			$	19,719			$	8,866			$	136,366
Special Mention - RR 7			—				—				61				90				250				79				—				480
Substandard - RR 8			13				215				—				116				1,131				582				15				2,072
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			12,673				40,528				21,560				16,934				17,962				20,380				8,881				138,918
Current period gross charge-offs			—				—				—				—				—				—				—				—

Secured by nonfarm, nonresidential properties:
Pass - RR 1 through RR 6		$	235,882			$	809,331			$	384,959			$	306,149			$	542,954			$	689,423			$	134,242			$	3,102,940
Special Mention - RR 7			21,116				—				8,803				5,726				56				223				—				35,924
Substandard - RR 8			96				36,946				9,275				2,496				36,796				62,665				1,977				150,251
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			257,094				846,277				403,037				314,371				579,806				752,311				136,219				3,289,115
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other real estate secured:
Pass - RR 1 through RR 6		$	50,404			$	231,983			$	163,880			$	661,389			$	584,764			$	197,516			$	43,836			$	1,933,772
Special Mention - RR 7			—				—				—				—				25,376				—				—				25,376
Substandard - RR 8			—				82				—				22,369				69,577				27,163				252				119,443
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			50,404				232,065				163,880				683,758				679,717				224,679				44,088				2,078,591
Current period gross charge-offs			—				—				—				—				—				—				—				—


		Term Loans by Origination Year
		2026				2025				2024				2023				2022				Prior				Revolving Loans				Total
As of March 31, 2026		Commercial LHFI
Other loans secured by real estate:
Other construction:
Pass - RR 1 through RR 6		$	44,744			$	154,201			$	290,915			$	127,581			$	23,774			$	—			$	4,340			$	645,555
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			—				—				—				—				—				—				—				—
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			44,744				154,201				290,915				127,581				23,774				—				4,340				645,555
Current period gross charge-offs			—				—				—				—				—				—				—				—

Commercial and industrial loans:
Pass - RR 1 through RR 6		$	164,855			$	762,735			$	281,109			$	156,338			$	79,586			$	50,939			$	616,947			$	2,112,509
Special Mention - RR 7			9				597				12,359				2,772				93				8				3,471				19,309
Substandard - RR 8			834				4,461				237				11,230				2,025				745				14,997				34,529
Doubtful - RR 9			10				7				40				—				4				1				16				78
Total			165,708				767,800				293,745				170,340				81,708				51,693				635,431				2,166,425
Current period gross charge-offs			—				(48	)			(314	)			(63	)			(252	)			(93	)			(141	)			(911	)

State and other political subdivision loans:
Pass - RR 1 through RR 6		$	24,086			$	318,512			$	104,392			$	62,750			$	167,677			$	365,838			$	16,369			$	1,059,624
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			—				—				—				—				—				—				—				—
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			24,086				318,512				104,392				62,750				167,677				365,838				16,369				1,059,624
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other commercial loans and leases:
Pass - RR 1 through RR 6		$	71,111			$	300,634			$	113,543			$	108,502			$	3,612			$	51,491			$	202,032			$	850,925
Special Mention - RR 7			—				—				2,254				53				19				—				57				2,383
Substandard - RR 8			—				11				1,635				2,232				337				161				1,031				5,407
Doubtful - RR 9			—				—				2				—				—				—				—				2
Total			71,111				300,645				117,434				110,787				3,968				51,652				203,120				858,717
Current period gross charge-offs			—				—				(15	)			—				—				—				—				(15	)

Total commercial LHFI		$	715,292			$	2,935,903			$	1,451,679			$	1,500,958			$	1,566,794			$	1,472,754			$	1,093,457			$	10,736,837
Total commercial LHFI gross charge-offs		$	—			$	(48	)		$	(329	)		$	(63	)		$	(252	)		$	(93	)		$	(141	)		$	(926	)


		Term Loans by Origination Year
		2026				2025				2024				2023				2022				Prior				Revolving Loans				Total
As of March 31, 2026		Consumer LHFI
Loans secured by real estate:
Construction, land development and other land:
Current		$	2,677			$	36,742			$	8,720			$	7,378			$	2,045			$	2,415			$	—			$	59,977
Past due 30-89 days			—				—				—				170				—				—				—				170
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				—				50				—				54				—				104
Total			2,677				36,742				8,720				7,598				2,045				2,469				—				60,251
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other secured by 1-4 family residential properties:
Current		$	7,128			$	15,155			$	15,710			$	13,529			$	5,020			$	12,132			$	491,104			$	559,778
Past due 30-89 days			—				—				115				719				20				343				4,272				5,469
Past due 90 days or more			—				—				—				29				—				—				503				532
Nonaccrual			—				6				38				104				48				444				7,195				7,835
Total			7,128				15,161				15,863				14,381				5,088				12,919				503,074				573,614
Current period gross charge-offs			—				—				—				—				—				(17	)			(589	)			(606	)

Other real estate secured:
Current		$	—			$	457			$	138			$	—			$	—			$	36			$	—			$	631
Past due 30-89 days			—				—				—				—				—				—				—				—
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				—				—				—				—				—				—
Total			—				457				138				—				—				36				—				631
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other loans secured by real estate:
Secured by 1-4 family residential properties:
Current		$	74,061			$	317,745			$	215,577			$	187,293			$	698,793			$	768,446			$	—			$	2,261,915
Past due 30-89 days			—				790				3				1,916				4,848				6,762				—				14,319
Past due 90 days or more			—				—				—				1,136				898				371				—				2,405
Nonaccrual			—				499				778				13,647				34,381				19,251				—				68,556
Total			74,061				319,034				216,358				203,992				738,920				794,830				—				2,347,195
Current period gross charge-offs			—				—				(5	)			(64	)			(211	)			(38	)			—				(318	)

Consumer loans:
Current		$	16,032			$	40,303			$	24,972			$	6,094			$	6,859			$	6,853			$	55,145			$	156,258
Past due 30-89 days			385				357				141				119				35				11				938				1,986
Past due 90 days or more			16				57				1				3				2				—				729				808
Nonaccrual			—				141				66				136				28				17				3				391
Total			16,433				40,858				25,180				6,352				6,924				6,881				56,815				159,443
Current period gross charge-offs			(1,106	)			(118	)			(114	)			(29	)			—				—				(469	)			(1,836	)

Total consumer LHFI		$	100,299			$	412,252			$	266,259			$	232,323			$	752,977			$	817,135			$	559,889			$	3,141,134
Total consumer LHFI gross charge-offs		$	(1,106	)		$	(118	)		$	(119	)		$	(93	)		$	(211	)		$	(55	)		$	(1,058	)		$	(2,760	)

Total LHFI		$	815,591			$	3,348,155			$	1,717,938			$	1,733,281			$	2,319,771			$	2,289,889			$	1,653,346			$	13,877,971
Total current period gross charge-offs		$	(1,106	)		$	(166	)		$	(448	)		$	(156	)		$	(463	)		$	(148	)		$	(1,199	)		$	(3,686	)


		Term Loans by Origination Year
		2025				2024				2023				2022				2021				Prior				Revolving Loans				Total
As of December 31, 2025		Commercial LHFI
Loans secured by real estate:
Construction, land development and other land:
Pass - RR 1 through RR 6		$	326,423			$	70,948			$	16,432			$	17,197			$	7,610			$	1,664			$	47,981			$	488,255
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			3,308				1,409				—				602				85				—				—				5,404
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			329,731				72,357				16,432				17,799				7,695				1,664				47,981				493,659
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other secured by 1-4 family residential properties:
Pass - RR 1 through RR 6		$	42,929			$	22,620			$	18,353			$	18,748			$	19,248			$	3,294			$	7,497			$	132,689
Special Mention - RR 7			—				25				—				349				85				—				—				459
Substandard - RR 8			299				272				319				747				546				296				16				2,495
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			43,228				22,917				18,672				19,844				19,879				3,590				7,513				135,643
Current period gross charge-offs			—				—				—				(3	)			(122	)			—				—				(125	)

Secured by nonfarm, nonresidential properties:
Pass - RR 1 through RR 6		$	817,790			$	434,506			$	348,386			$	614,738			$	334,813			$	427,591			$	145,497			$	3,123,321
Special Mention - RR 7			—				1,298				23,975				284				—				1,124				—				26,681
Substandard - RR 8			38,224				9,304				2,537				39,015				29,540				33,821				1,979				154,420
Doubtful - RR 9			—				—				—				—				—				1				—				1
Total			856,014				445,108				374,898				654,037				364,353				462,537				147,476				3,304,423
Current period gross charge-offs			—				—				—				—				—				(2,026	)			—				(2,026	)

Other real estate secured:
Pass - RR 1 through RR 6		$	290,854			$	139,454			$	613,122			$	678,691			$	115,394			$	80,235			$	61,191			$	1,978,941
Special Mention - RR 7			—				—				—				25,376				—				—				—				25,376
Substandard - RR 8			—				—				22,392				69,577				332				26,843				163				119,307
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			290,854				139,454				635,514				773,644				115,726				107,078				61,354				2,123,624
Current period gross charge-offs			—				(4	)			—				—				—				—				—				(4	)


		Term Loans by Origination Year
		2025				2024				2023				2022				2021				Prior				Revolving Loans				Total
As of December 31, 2025		Commercial LHFI
Other loans secured by real estate:
Other construction:
Pass - RR 1 through RR 6		$	122,237			$	275,146			$	173,752			$	23,284			$	—			$	—			$	819			$	595,238
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			—				—				—				—				—				—				—				—
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			122,237				275,146				173,752				23,284				—				—				819				595,238
Current period gross charge-offs			—				—				—				—				—				—				—				—

Commercial and industrial loans:
Pass - RR 1 through RR 6		$	803,487			$	303,777			$	172,506			$	88,388			$	39,304			$	20,251			$	523,797			$	1,951,510
Special Mention - RR 7			4,522				602				14,230				119				49				77				15,816				35,415
Substandard - RR 8			2,059				377				470				3,245				683				434				5,173				12,441
Doubtful - RR 9			7				42				16				6				—				1				26				98
Total			810,075				304,798				187,222				91,758				40,036				20,763				544,812				1,999,464
Current period gross charge-offs			—				(708	)			(982	)			(4,016	)			(432	)			(6,389	)			(486	)			(13,013	)

State and other political subdivision loans:
Pass - RR 1 through RR 6		$	300,564			$	109,516			$	64,228			$	180,530			$	97,517			$	286,979			$	22,250			$	1,061,584
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			—				—				—				—				—				—				—				—
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			300,564				109,516				64,228				180,530				97,517				286,979				22,250				1,061,584
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other commercial loans and leases:
Pass - RR 1 through RR 6		$	311,342			$	125,090			$	113,861			$	4,356			$	4,352			$	55,946			$	198,576			$	813,523
Special Mention - RR 7			—				414				362				—				—				—				—				776
Substandard - RR 8			14				1,725				1,917				369				462				29				1,038				5,554
Doubtful - RR 9			—				3				—				—				—				—				—				3
Total			311,356				127,232				116,140				4,725				4,814				55,975				199,614				819,856
Current period gross charge-offs			—				(54	)			—				(116	)			—				(50	)			—				(220	)

Total commercial LHFI		$	3,064,059			$	1,496,528			$	1,586,858			$	1,765,621			$	650,020			$	938,586			$	1,031,819			$	10,533,491
Total commercial LHFI gross charge-offs		$	—			$	(766	)		$	(982	)		$	(4,135	)		$	(554	)		$	(8,465	)		$	(486	)		$	(15,388	)


		Term Loans by Origination Year
		2025				2024				2023				2022				2021				Prior				Revolving Loans				Total
As of December 31, 2025		Consumer LHFI
Loans secured by real estate:
Construction, land development and other land:
Current		$	30,069			$	9,491			$	10,191			$	2,500			$	1,198			$	1,638			$	—			$	55,087
Past due 30-89 days			—				222				321				—				—				1				—				544
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				9				—				54				—				—				63
Total			30,069				9,713				10,521				2,500				1,252				1,639				—				55,694
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other secured by 1-4 family residential properties:
Current		$	22,785			$	18,105			$	13,944			$	5,352			$	4,352			$	8,656			$	481,812			$	555,006
Past due 30-89 days			321				189				643				36				1				509				3,632				5,331
Past due 90 days or more			—				—				—				—				2				—				518				520
Nonaccrual			26				39				124				49				145				192				7,439				8,014
Total			23,132				18,333				14,711				5,437				4,500				9,357				493,401				568,871
Current period gross charge-offs			—				(10	)			—				(56	)			—				(31	)			(714	)			(811	)

Secured by nonfarm, nonresidential properties:
Current		$	100			$	—			$	—			$	—			$	—			$	—			$	—			$	100
Past due 30-89 days			—				—				—				—				—				—				—				—
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				—				—				—				—				—				—
Total			100				—				—				—				—				—				—				100
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other real estate secured:
Current		$	466			$	141			$	—			$	—			$	—			$	41			$	—			$	648
Past due 30-89 days			—				—				—				—				—				—				—				—
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				—				—				—				—				—				—
Total			466				141				—				—				—				41				—				648
Current period gross charge-offs			—				—				—				—				—				—				—				—


		Term Loans by Origination Year
		2025				2024				2023				2022				2021				Prior				Revolving Loans				Total
As of December 31, 2025		Consumer LHFI
Other loans secured by real estate:
Secured by 1-4 family residential properties:
Current		$	325,999			$	227,009			$	193,722			$	712,091			$	408,534			$	395,901			$	—			$	2,263,256
Past due 30-89 days			—				167				3,670				9,108				4,949				3,100				—				20,994
Past due 90 days or more			—				—				866				1,598				134				534				—				3,132
Nonaccrual			505				901				13,238				31,622				10,713				7,314				—				64,293
Total			326,504				228,077				211,496				754,419				424,330				406,849				—				2,351,675
Current period gross charge-offs			—				—				(619	)			(1,276	)			(142	)			(74	)			—				(2,111	)

Consumer loans:
Current		$	54,959			$	27,573			$	7,898			$	7,587			$	6,892			$	239			$	55,321			$	160,469
Past due 30-89 days			597				228				143				31				13				—				1,440				2,452
Past due 90 days or more			28				32				17				1				—				—				370				448
Nonaccrual			117				43				155				36				23				2				9				385
Total			55,701				27,876				8,213				7,655				6,928				241				57,140				163,754
Current period gross charge-offs			(4,847	)			(494	)			(474	)			(114	)			(24	)			(26	)			(2,459	)			(8,438	)

Total consumer LHFI		$	435,972			$	284,140			$	244,941			$	770,011			$	437,010			$	418,127			$	550,541			$	3,140,742
Total consumer LHFI gross charge-offs		$	(4,847	)		$	(504	)		$	(1,093	)		$	(1,446	)		$	(166	)		$	(131	)		$	(3,173	)		$	(11,360	)

Total LHFI		$	3,500,031			$	1,780,668			$	1,831,799			$	2,535,632			$	1,087,030			$	1,356,713			$	1,582,360			$	13,674,233
Total current period gross charge-offs		$	(4,847	)		$	(1,270	)		$	(2,075	)		$	(5,581	)		$	(720	)		$	(8,596	)		$	(3,659	)		$	(26,748	)

Summary of Trustmark's Portfolio Segments, Loan Classes, Loan Pools and the ACL Methodology and Loss Drivers

The following table provides a description of each of Trustmark’s portfolio segments, loan classes, loan pools and the ACL methodology and loss drivers at March 31, 2026 and December 31, 2025:


Portfolio Segment		Loan Class		Loan Pool		Methodology		Loss Drivers
Loans secured by real estate		Construction, land development and other land		1-4 family residential construction		DCF		BBB 7-10 US CBI, National HPI (1)
				Lots and development		DCF		National HPI, Southern Unemployment (1)
				Unimproved land		DCF		National HPI, Southern Unemployment (1)
				All other consumer		DCF		BBB 7-10 US CBI (2), Southern Unemployment (1)
		Other secured by 1-4 family residential properties		Consumer 1-4 family - 1st liens		DCF		National HPI, Southern Unemployment
				All other consumer		DCF		BBB 7-10 US CBI (2), Southern Unemployment (1)
				Nonresidential owner-occupied		DCF		Southern Unemployment, BBB 7-10 US CBI (4)
		Secured by nonfarm, nonresidential properties		Nonowner-occupied - hotel/motel		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
				Nonowner-occupied - office		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
				Nonowner-occupied- Retail		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
				Nonowner-occupied - senior living/nursing homes		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
				Nonowner-occupied - all other		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
				Nonresidential owner-occupied		DCF		BBB 7-10 US CBI (4), Southern Unemployment
		Other real estate secured		Nonresidential nonowner -occupied - apartments		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
				Nonresidential owner-occupied		DCF		BBB 7-10 US CBI (4), Southern Unemployment
				Nonowner-occupied - all other		DCF		BBB 7-10 US CBI (4), National Unemployment (5)
Other loans secured by real estate		Other construction		Other construction		DCF		National Unemployment, BBB 7-10 US CBI, (4)
		Secured by 1-4 family residential properties		Trustmark mortgage		WARM		Southern Unemployment, National HPI (5)
Commercial and industrial loans		Commercial and industrial loans		Commercial and industrial - non-working capital		DCF		Trustmark historical data
				Commercial and industrial - working capital		DCF		Trustmark historical data
				Equipment finance loans		WARM		Southern Unemployment, BBB 7-10 US CBI (3)
				Credit cards		WARM		Trustmark call report data
Consumer loans		Consumer loans		Credit cards		WARM		Trustmark call report data
				Overdrafts		Loss Rate		Trustmark historical data
				All other consumer		DCF		BBB 7-10 US CBI (2), Southern Unemployment (1)
State and other political subdivision loans		State and other political subdivision loans		Obligations of state and political subdivisions		DCF		Moody's Bond Default Study
Other commercial loans and leases		Other commercial loans and leases		Other loans		DCF		BBB 7-10 US CBI, Southern Unemployment
				Commercial and industrial - non-working capital		DCF		Trustmark historical data
				Commercial and industrial - working capital		DCF		Trustmark historical data
				Equipment finance leases		WARM		Southern Unemployment, BBB 7-10 US CBI (3)

(1) Loss driver was National Unemployment at December 31, 2025.

(2) Loss driver was National HPI at December 31, 2025.

(3) Loss driver was National GDP at December 31, 2025.

(4) Loss driver was National CRE Price Index at December 31, 2025.

(5) Loss driver was Southern Unemployment at December 31, 2025.

Change in Allowance for Loan Losses

The following tables disaggregate the ACL and the amortized cost basis of the loans by the measurement methodology used at March 31, 2026 and December 31, 2025 ($ in thousands):


		March 31, 2026
		ACL												LHFI
		Individually Evaluated for Credit Loss				Collectively Evaluated for Credit Loss				Total				Individually Evaluated for Credit Loss				Collectively Evaluated for Credit Loss				Total
Loans secured by real estate:
Construction, land development and other land		$	—			$	7,257			$	7,257			$	150				559,993			$	560,143
Other secured by 1-4 family residential properties			91				14,386				14,477				542				711,990				712,532
Secured by nonfarm, nonresidential properties			—				31,093				31,093				8,848				3,280,267				3,289,115
Other real estate secured			—				18,187				18,187				15,234				2,063,988				2,079,222
Other loans secured by real estate:
Other construction			—				4,695				4,695				—				645,555				645,555
Secured by 1-4 family residential properties			—				43,949				43,949				3,189				2,344,006				2,347,195
Commercial and industrial loans			1,139				23,661				24,800				3,192				2,163,233				2,166,425
Consumer loans			95				6,042				6,137				95				159,348				159,443
State and other political subdivision loans			—				773				773				—				1,059,624				1,059,624
Other commercial loans and leases			96				8,967				9,063				1,240				857,477				858,717
Total		$	1,421			$	159,010			$	160,431			$	32,490			$	13,845,481			$	13,877,971


		December 31, 2025
		ACL												LHFI
		Individually Evaluated for Credit Loss				Collectively Evaluated for Credit Loss				Total				Individually Evaluated for Credit Loss				Collectively Evaluated for Credit Loss				Total
Loans secured by real estate:
Construction, land development and other land		$	—			$	6,632			$	6,632			$	156			$	549,197			$	549,353
Other secured by 1-4 family residential properties			99				13,485				13,584				848				703,666				704,514
Secured by nonfarm, nonresidential properties			141				35,042				35,183				2,531				3,301,992				3,304,523
Other real estate secured			—				20,410				20,410				15,234				2,109,038				2,124,272
Other loans secured by real estate:
Other construction			—				4,889				4,889				—				595,238				595,238
Secured by 1-4 family residential properties			—				41,087				41,087				3,414				2,348,261				2,351,675
Commercial and industrial loans			811				19,758				20,569				1,804				1,997,660				1,999,464
Consumer loans			103				5,740				5,843				103				163,651				163,754
State and other political subdivision loans			—				865				865				—				1,061,584				1,061,584
Other commercial loans and leases			—				8,009				8,009				764				819,092				819,856
Total		$	1,154			$	155,917			$	157,071			$	24,854			$	13,649,379			$	13,674,233

Changes in the ACL, LHFI were as follows for the periods presented ($ in thousands):


		Three Months Ended March 31,
		2026				2025
Balance at beginning of period		$	157,071			$	160,270
Loans charged-off			(3,686	)			(3,701	)
Recoveries			2,358				2,316
Net (charge-offs) recoveries			(1,328	)			(1,385	)
PCL, LHFI			4,688				8,125
Balance at end of period		$	160,431			$	167,010

The following tables detail changes in the ACL, LHFI by loan class for the periods presented ($ in thousands):


		Three Months Ended March 31, 2026
		Balance at Beginning of Period				Charge-offs				Recoveries				PCL				Balance at End of Period
Loans secured by real estate:
Construction, land development and other land		$	6,632			$	—			$	30			$	595			$	7,257
Other secured by 1-4 family residential properties			13,584				(606	)			97				1,402				14,477
Secured by nonfarm, nonresidential properties			35,183				—				26				(4,116	)			31,093
Other real estate secured			20,410				—				—				(2,223	)			18,187
Other loans secured by real estate:
Other construction			4,889				—				—				(194	)			4,695
Secured by 1-4 family residential properties			41,087				(318	)			45				3,135				43,949
Commercial and industrial loans			20,569				(911	)			348				4,794				24,800
Consumer loans			5,843				(1,836	)			1,801				329				6,137
State and other political subdivision loans			865				—				—				(92	)			773
Other commercial loans and leases			8,009				(15	)			11				1,058				9,063
Total		$	157,071			$	(3,686	)		$	2,358			$	4,688			$	160,431


		Three Months Ended March 31, 2025
		Balance at Beginning of Period				Charge-offs				Recoveries				PCL				Balance at End of Period
Loans secured by real estate:
Construction, land development and other land		$	6,452			$	—			$	2			$	528			$	6,982
Other secured by 1-4 family residential properties			11,347				(168	)			99				1,198				12,476
Secured by nonfarm, nonresidential properties			37,896				—				—				2,077				39,973
Other real estate secured			19,491				—				77				3,780				23,348
Other loans secured by real estate:
Other construction			13,297				—				2				(3,439	)			9,860
Secured by 1-4 family residential properties			32,129				(380	)			281				3,572				35,602
Commercial and industrial loans			27,020				(881	)			235				(978	)			25,396
Consumer loans			5,141				(2,204	)			1,588				713				5,238
State and other political subdivision loans			1,250				—				—				355				1,605
Other commercial loans and leases			6,247				(68	)			32				319				6,530
Total		$	160,270			$	(3,701	)		$	2,316			$	8,125			$	167,010