Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 15

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 15
---
)Held to maturity securities, net of allowance for credit losses$1,076,817 AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueDecember 31, 2024Obligations of states and political subdivisions$284,542 $3 $(42,491)$242,054 Residential mortgage backed securitiesGovernment agency mortgage backed securities372,414 — (25,251)347,163 Government agency collateralized mortgage obligations354,882 — (41,506)313,376 Commercial mortgage backed securities:Government agency mortgage backed securities16,961 — (2,958)14,003 Government agency collateralized mortgage obligations43,662 — (7,317)36,345 Other debt securities53,683 — (4,080)49,603 $1,126,144 $3 $(123,603)$1,002,544 Allowance for credit losses - held to maturity securities(32)Held to maturity securities, net of allowance for credit losses$1,126,112 Securities sold are presented in the tables below for the periods presented. On April 1, 2025, the Company acquired available for sale securities with a fair value of $1,457,203 as part of the merger with The First. Shortly after merger, certain securities from this portfolio were sold at carrying value, resulting in no gain or loss on the sale; no other securities were sold in the first six months of 2025. With respect to the securities sold during the six months ended June 30, 2024, the Company intended to sell these securities as of December 31, 2023, and completed the sale in January 2024. Therefore, the Company impaired the securities and recognized the loss in net income as of December 31, 2023.

11

Table of ContentsRenasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

Carrying Value Immediately Prior to SaleNet ProceedsGain/(Loss)Three months ended June 30, 2025Obligations of other U.S. Government agencies and corporations$34,394 $34,394 $— Obligations of states and political subdivisions327,509 327,509 $— Residential mortgage backed securities:Government agency mortgage backed securities275,910 275,910 $—