LHFI and ACL, LHFI (Tables)

6 Months Ended

Jun. 30, 2026

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

Loan Portfolio Held for Investment

At June 30, 2026 and December 31, 2025, LHFI consisted of the following ($ in thousands):


		June 30, 2026				December 31, 2025
Loans secured by real estate:
Construction, land development and other land		$	555,731			$	549,353
Other secured by 1-4 family residential properties			721,362				704,514
Secured by nonfarm, nonresidential properties			3,198,800				3,304,523
Other real estate secured			1,990,550				2,124,272
Other loans secured by real estate:
Other construction			661,069				595,238
Secured by 1-4 family residential properties			2,357,203				2,351,675
Commercial and industrial loans			2,294,721				1,999,464
Consumer loans			160,648				163,754
State and other political subdivision loans			1,046,511				1,061,584
Other commercial loans and leases			926,428				819,856
LHFI			13,913,023				13,674,233
Less ACL			148,189				157,071
Net LHFI		$	13,764,834			$	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 June 30, 2026 and December 31, 2025 ($ in thousands):


		June 30, 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			$	252			$	—
Other secured by 1-4 family residential properties			931				9,672				620
Secured by nonfarm, nonresidential properties			1,384				10,515				—
Other real estate secured			234				234				—
Other loans secured by real estate:
Secured by 1-4 family residential properties			—				5,844				1,960
Commercial and industrial loans			320				21,543				—
Consumer loans			—				348				485
Other commercial loans and leases			764				1,250				—
Total		$	3,783			$	49,658			$	3,065


		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 June 30, 2026 and December 31, 2025 ($ in thousands):


		June 30, 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		$	2,023			$	42			$	200			$	2,265			$	553,466			$	555,731
Other secured by 1-4 family residential properties			4,953				1,766				4,178				10,897				710,465				721,362
Secured by nonfarm, nonresidential properties			901				8,254				8,556				17,711				3,181,089				3,198,800
Other real estate secured			36				—				234				270				1,990,280				1,990,550
Other loans secured by real estate:
Other construction			—				—				—				—				661,069				661,069
Secured by 1-4 family residential properties			11,097				4,482				4,624				20,203				2,337,000				2,357,203
Commercial and industrial loans			2,492				2,368				18,155				23,015				2,271,706				2,294,721
Consumer loans			1,658				430				504				2,592				158,056				160,648
State and other political subdivision loans			—				—				—				—				1,046,511				1,046,511
Other commercial loans and leases			2				766				420				1,188				925,240				926,428
Total		$	23,162			$	18,108			$	36,871			$	78,141			$	13,834,882			$	13,913,023


		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 June 30, 2026
		Term Extension				% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	1,505				0.21	%
Other loans secured by real estate:
Secured by 1-4 family residential properties			188				0.01	%
Total		$	1,693				0.01	%


		Three Months Ended June 30, 2025
		Payment Delay				Term Extension				Total				% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	—			$	873			$	873				0.13	%
Other real estate secured			—				14,744				14,744				0.77	%
Other loans secured by real estate:
Secured by 1-4 family residential properties			—				3,643				3,643				0.15	%
Commercial and industrial loans			570				—				570				0.03	%
Total		$	570			$	19,260			$	19,830				0.15	%


		Six Months Ended June 30, 2026
		Term Extension				% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	2,241				0.31	%
Other loans secured by real estate:
Secured by 1-4 family residential properties			557				0.02	%
Total		$	2,798				0.02	%


		Six Months Ended June 30, 2025
		Payment Delay				Term Extension				Total				% of Total Class of Loan
Loans secured by real estate:
Other secured by 1-4 family residential properties		$	—			$	1,616			$	1,616				0.23	%
Other real estate secured			—				14,744				14,744				0.77	%
Other loans secured by real estate:
Secured by 1-4 family residential properties			—				5,751				5,751				0.24	%
Commercial and industrial loans			12,847				—				12,847				0.70	%
Total		$	12,847			$	22,111			$	34,958				0.26	%

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 June 30, 2026
		Financial Effect
		Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified four loans and twelve lines of credit to amortize over twenty-four month terms; modified one line of credit to amortize over a fourteen month term
Other loans secured by real estate:
Secured by 1-4 family residential properties		Modified three loans to amortize over twenty-four month terms


		Three Months Ended June 30, 2025
		Financial Effect
		Payment Delay		Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties				Modified one loan and thirteen lines of credit to amortize over twenty-four month terms
Other real estate secured				Extended maturity of one loan by twelve months
Other loans secured by real estate:
Secured by 1-4 family residential properties				Re-amortized twenty-one loans with term adjusted by weighted average of forty-four months
Commercial and industrial loans		Three interest-only payments on four loans


		Six Months Ended June 30, 2026
		Financial Effect
		Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties		Modified seven loans and twenty-four lines of credit to amortize over twenty-four month terms and modified one loan to amortize over a fourteen month term
Other loans secured by real estate:
Secured by 1-4 family residential properties		Reamortized twenty-five loans with terms adjusted by weighted average of thirty-eight months


		Six Months Ended June 30, 2025
		Financial Effect
		Payment Delay		Term Extension
Loans secured by real estate:
Other secured by 1-4 family residential properties				Modified two loans and twenty-four lines of credit to amortize over a twenty-four month term
Other real estate secured				Extended maturity of one loan by twelve months
Other loans secured by real estate:
Secured by 1-4 family residential properties				Re-amortized thirty-three loans with term adjusted by weighted-average of thirty-eight months
Commercial and industrial loans		One loan with eight monthly interest payments deferred and four loans with three interest-only monthly payments

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 June 30, 2026 and 2025 ($ in thousands):


		June 30, 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		$	113			$	—			$	99			$	212			$	3,275			$	3,487
Other loans secured by real estate:
Secured by 1-4 family residential properties			—				—				40				40				557				597
Total		$	113			$	—			$	139			$	252			$	3,832			$	4,084


		June 30, 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		$	128			$	644			$	—			$	772			$	2,360			$	3,132
Other real estate secured			—				—				—				—				14,744				14,744
Other loans secured by real estate:
Secured by 1-4 family residential properties			642				—				—				642				5,233				5,875
Commercial and industrial loans			—				—				18,372				18,372				570				18,942
Total		$	770			$	644			$	18,372			$	19,786			$	22,907			$	42,693

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 June 30, 2026 and December 31, 2025 ($ in thousands):


		June 30, 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			931				—				—				931
Secured by nonfarm, nonresidential properties			9,086				—				—				9,086
Other real estate secured			15,193				—				—				15,193
Commercial and industrial loans			—				856				19,492				20,348
Consumer loans			—				—				87				87
Other commercial loans and leases			—				420				764				1,184
Total		$	25,360			$	1,276			$	20,343			$	46,979


		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 June 30, 2026 and December 31, 2025 ($ in thousands):


		Term Loans by Origination Year
		2026				2025				2024				2023				2022				Prior				Revolving Loans				Total
As of June 30, 2026		Commercial LHFI
Loans secured by real estate:
Construction, land development and other land:
Pass - RR 1 through RR 6		$	180,959			$	195,900			$	26,601			$	12,526			$	11,541			$	5,198			$	44,578			$	477,303
Special Mention - RR 7			3,998				5,289				1,327				—				—				—				—				10,614
Substandard - RR 8			83				3,360				—				—				200				—				—				3,643
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			185,040				204,549				27,928				12,526				11,741				5,198				44,578				491,560
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other secured by 1-4 family residential properties:
Pass - RR 1 through RR 6		$	24,735			$	38,841			$	20,226			$	15,835			$	15,283			$	13,716			$	9,135			$	137,771
Special Mention - RR 7			—				—				61				149				147				11				1				369
Substandard - RR 8			21				477				—				107				1,199				574				—				2,378
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			24,756				39,318				20,287				16,091				16,629				14,301				9,136				140,518
Current period gross charge-offs			—				—				—				—				—				—				—				—

Secured by nonfarm, nonresidential properties:
Pass - RR 1 through RR 6		$	429,939			$	736,010			$	362,794			$	295,567			$	478,980			$	606,129			$	121,542			$	3,030,961
Special Mention - RR 7			21,947				5,671				12,705				22				613				3,937				—				44,895
Substandard - RR 8			6,390				18,595				9,179				8,108				18,301				60,427				1,944				122,944
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			458,276				760,276				384,678				303,697				497,894				670,493				123,486				3,198,800
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other real estate secured:
Pass - RR 1 through RR 6		$	136,147			$	217,453			$	258,591			$	613,498			$	428,325			$	137,552			$	46,408			$	1,837,974
Special Mention - RR 7			—				—				—				—				91,719				—				—				91,719
Substandard - RR 8			—				—				—				14,959				44,577				311				366				60,213
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			136,147				217,453				258,591				628,457				564,621				137,863				46,774				1,989,906
Current period gross charge-offs			—				—				—				—				—				—				—				—


		Term Loans by Origination Year
		2026				2025				2024				2023				2022				Prior				Revolving Loans				Total
As of June 30, 2026		Commercial LHFI
Other loans secured by real estate:
Other construction:
Pass - RR 1 through RR 6		$	65,316			$	252,520			$	265,024			$	67,840			$	—			$	—			$	10,369			$	661,069
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			—				—				—				—				—				—				—				—
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			65,316				252,520				265,024				67,840				—				—				10,369				661,069
Current period gross charge-offs			—				—				—				—				—				—				—				—

Commercial and industrial loans:
Pass - RR 1 through RR 6		$	419,539			$	730,984			$	241,395			$	132,127			$	58,493			$	38,371			$	615,215			$	2,236,124
Special Mention - RR 7			72				175				13,018				4,038				111				1				1,812				19,227
Substandard - RR 8			9,684				898				913				12,587				1,642				594				12,989				39,307
Doubtful - RR 9			10				—				34				2				2				—				15				63
Total			429,305				732,057				255,360				148,754				60,248				38,966				630,031				2,294,721
Current period gross charge-offs			—				(111	)			(407	)			(89	)			(252	)			(209	)			(546	)			(1,614	)

State and other political subdivision loans:
Pass - RR 1 through RR 6		$	49,945			$	298,542			$	100,352			$	60,084			$	166,980			$	337,556			$	33,052			$	1,046,511
Special Mention - RR 7			—				—				—				—				—				—				—				—
Substandard - RR 8			—				—				—				—				—				—				—				—
Doubtful - RR 9			—				—				—				—				—				—				—				—
Total			49,945				298,542				100,352				60,084				166,980				337,556				33,052				1,046,511
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other commercial loans and leases:
Pass - RR 1 through RR 6		$	159,486			$	289,118			$	107,545			$	88,150			$	3,127			$	50,504			$	224,751			$	922,681
Special Mention - RR 7			—				—				2,160				—				15				—				—				2,175
Substandard - RR 8			—				148				—				1,248				2				—				172				1,570
Doubtful - RR 9			—				—				2				—				—				—				—				2
Total			159,486				289,266				109,707				89,398				3,144				50,504				224,923				926,428
Current period gross charge-offs			—				—				(15	)			—				—				—				—				(15	)

Total commercial LHFI		$	1,508,271			$	2,793,981			$	1,421,927			$	1,326,847			$	1,321,257			$	1,254,881			$	1,122,349			$	10,749,513
Total commercial LHFI gross charge-offs		$	—			$	(111	)		$	(422	)		$	(89	)		$	(252	)		$	(209	)		$	(546	)		$	(1,629	)


		Term Loans by Origination Year
		2026				2025				2024				2023				2022				Prior				Revolving Loans				Total
As of June 30, 2026		Consumer LHFI
Loans secured by real estate:
Construction, land development and other land:
Current		$	10,738			$	33,366			$	9,210			$	6,707			$	1,913			$	2,170			$	—			$	64,104
Past due 30-89 days			—				—				—				—				—				16				—				16
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				4				47				—				—				—				51
Total			10,738				33,366				9,214				6,754				1,913				2,186				—				64,171
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other secured by 1-4 family residential properties:
Current		$	8,745			$	13,897			$	15,053			$	13,139			$	4,765			$	11,245			$	499,516			$	566,360
Past due 30-89 days			30				6				10				76				11				705				4,130				4,968
Past due 90 days or more			—				—				—				—				—				76				544				620
Nonaccrual			—				6				125				717				37				343				7,668				8,896
Total			8,775				13,909				15,188				13,932				4,813				12,369				511,858				580,844
Current period gross charge-offs			—				—				—				—				(5	)			(64	)			(677	)			(746	)

Other real estate secured:
Current		$	32			$	447			$	134			$	—			$	—			$	31			$	—			$	644
Past due 30-89 days			—				—				—				—				—				—				—				—
Past due 90 days or more			—				—				—				—				—				—				—				—
Nonaccrual			—				—				—				—				—				—				—				—
Total			32				447				134				—				—				31				—				644
Current period gross charge-offs			—				—				—				—				—				—				—				—

Other loans secured by real estate:
Secured by 1-4 family residential properties:
Current		$	225,166			$	308,674			$	207,401			$	177,664			$	674,022			$	741,114			$	—			$	2,334,041
Past due 30-89 days			277				—				297				4,217				7,538				3,029				—				15,358
Past due 90 days or more			—				—				235				606				290				829				—				1,960
Nonaccrual			—				4				448				511				2,592				2,289				—				5,844
Total			225,443				308,678				208,381				182,998				684,442				747,261				—				2,357,203
Current period gross charge-offs			(18	)			(278	)			(39	)			(1,446	)			(3,283	)			(1,726	)			—				(6,790	)

Consumer loans:
Current		$	32,733			$	32,675			$	21,459			$	4,878			$	6,381			$	6,571			$	53,118			$	157,815
Past due 30-89 days			455				139				223				55				10				—				1,118				2,000
Past due 90 days or more			14				26				32				11				—				—				402				485
Nonaccrual			9				129				55				109				19				14				13				348
Total			33,211				32,969				21,769				5,053				6,410				6,585				54,651				160,648
Current period gross charge-offs			(2,686	)			(328	)			(181	)			(51	)			—				(1	)			(1,083	)			(4,330	)

Total consumer LHFI		$	278,199			$	389,369			$	254,686			$	208,737			$	697,578			$	768,432			$	566,509			$	3,163,510
Total consumer LHFI gross charge-offs		$	(2,704	)		$	(606	)		$	(220	)		$	(1,497	)		$	(3,288	)		$	(1,791	)		$	(1,760	)		$	(11,866	)

Total LHFI		$	1,786,470			$	3,183,350			$	1,676,613			$	1,535,584			$	2,018,835			$	2,023,313			$	1,688,858			$	13,913,023
Total current period gross charge-offs		$	(2,704	)		$	(717	)		$	(642	)		$	(1,586	)		$	(3,540	)		$	(2,000	)		$	(2,306	)		$	(13,495	)


		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 June 30, 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 June 30, 2026 and December 31, 2025 ($ in thousands):


		June 30, 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		$	—			$	8,048			$	8,048			$	150				555,581			$	555,731
Other secured by 1-4 family residential properties			—				14,762				14,762				931				720,431				721,362
Secured by nonfarm, nonresidential properties			1,102				29,347				30,449				9,086				3,189,714				3,198,800
Other real estate secured			—				12,539				12,539				15,193				1,975,357				1,990,550
Other loans secured by real estate:
Other construction			—				5,151				5,151				—				661,069				661,069
Secured by 1-4 family residential properties			—				29,238				29,238				—				2,357,203				2,357,203
Commercial and industrial loans			6,045				25,055				31,100				20,348				2,274,373				2,294,721
Consumer loans			87				6,263				6,350				87				160,561				160,648
State and other political subdivision loans			—				711				711				—				1,046,511				1,046,511
Other commercial loans and leases			204				9,637				9,841				1,184				925,244				926,428
Total		$	7,438			$	140,751			$	148,189			$	46,979			$	13,866,044			$	13,913,023


		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 June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Balance at beginning of period		$	160,431			$	167,010			$	157,071			$	160,270
Loans charged-off, sale of 1-4 family mortgage loans			(6,316	)			—				(6,316	)			—
Loans charged-off			(3,493	)			(6,380	)			(7,179	)			(10,081	)
Recoveries			2,342				2,261				4,700				4,577
Net (charge-offs) recoveries			(7,467	)			(4,119	)			(8,795	)			(5,504	)
PCL, LHFI			4,452				5,346				9,140				13,471
PCL, LHFI sale of 1-4 family mortgage loans			(9,227	)			—				(9,227	)			—
Balance at end of period		$	148,189			$	168,237			$	148,189			$	168,237

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


		Three Months Ended June 30, 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		$	7,257			$	—			$	30			$	761			$	8,048
Other secured by 1-4 family residential properties			14,477				(140	)			72				353				14,762
Secured by nonfarm, nonresidential properties			31,093				—				291				(935	)			30,449
Other real estate secured			18,187				—				1				(5,649	)			12,539
Other loans secured by real estate:
Other construction			4,695				—				4				452				5,151
Secured by 1-4 family residential properties			43,949				(6,472	)			68				(8,307	)			29,238
Commercial and industrial loans			24,800				(703	)			242				6,761				31,100
Consumer loans			6,137				(2,494	)			1,530				1,177				6,350
State and other political subdivision loans			773				—				—				(62	)			711
Other commercial loans and leases			9,063				—				104				674				9,841
Total		$	160,431			$	(9,809	)		$	2,342			$	(4,775	)		$	148,189

The negative PCL, LHFI for the three months ended June 30, 2026 was primarily due to the sale of the 1-4 family mortgage loans that resulted in a $9.2 million release of reserves coupled with positive credit migration and was partially offset by an increase in required reserves on individually analyzed loans, loan growth and changes in the macroeconomic forecasts.


		Three Months Ended June 30, 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		$	6,982			$	—			$	194			$	173			$	7,349
Other secured by 1-4 family residential properties			12,476				(139	)			123				205				12,665
Secured by nonfarm, nonresidential properties			39,973				(2,005	)			—				(2,951	)			35,017
Other real estate secured			23,348				—				—				157				23,505
Other loans secured by real estate:
Other construction			9,860				—				1				(1,719	)			8,142
Secured by 1-4 family residential properties			35,602				(550	)			160				3,773				38,985
Commercial and industrial loans			25,396				(1,549	)			264				4,354				28,465
Consumer loans			5,238				(2,121	)			1,458				536				5,111
State and other political subdivision loans			1,605				—				—				(58	)			1,547
Other commercial loans and leases			6,530				(16	)			61				876				7,451
Total		$	167,010			$	(6,380	)		$	2,261			$	5,346			$	168,237

The negative PCL, LHFI for the secured by nonfarm, nonresidential properties and other construction loans portfolios for the three months ended June 30, 2025 was primarily due to positive credit migration.


		Six Months Ended June 30, 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			$	—			$	60			$	1,356			$	8,048
Other secured by 1-4 family residential properties			13,584				(746	)			169				1,755				14,762
Secured by nonfarm, nonresidential properties			35,183				—				317				(5,051	)			30,449
Other real estate secured			20,410				—				1				(7,872	)			12,539
Other loans secured by real estate:
Other construction			4,889				—				4				258				5,151
Secured by 1-4 family residential properties			41,087				(6,790	)			113				(5,172	)			29,238
Commercial and industrial loans			20,569				(1,614	)			590				11,555				31,100
Consumer loans			5,843				(4,330	)			3,331				1,506				6,350
State and other political subdivision loans			865				—				—				(154	)			711
Other commercial loans and leases			8,009				(15	)			115				1,732				9,841
Total		$	157,071			$	(13,495	)		$	4,700			$	(87	)		$	148,189

The negative PCL, LHFI for the six months ended June 30, 2026 was primarily due to the sale of the 1-4 family mortgage loans that resulted in a $9.2 million release of reserves coupled with positive credit migration and was partially offset by an increase in required reserves on individually analyzed loans and loan growth.


		Six Months Ended June 30, 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			$	—			$	196			$	701			$	7,349
Other secured by 1-4 family residential properties			11,347				(307	)			222				1,403				12,665
Secured by nonfarm, nonresidential properties			37,896				(2,005	)			—				(874	)			35,017
Other real estate secured			19,491				—				77				3,937				23,505
Other loans secured by real estate:
Other construction			13,297				—				3				(5,158	)			8,142
Secured by 1-4 family residential properties			32,129				(930	)			441				7,345				38,985
Commercial and industrial loans			27,020				(2,430	)			499				3,376				28,465
Consumer loans			5,141				(4,325	)			3,046				1,249				5,111
State and other political subdivision loans			1,250				—				—				297				1,547
Other commercial loans and leases			6,247				(84	)			93				1,195				7,451
Total		$	160,270			$	(10,081	)		$	4,577			$	13,471			$	168,237