Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 66

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 66
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,885,020 100.00 %

43

Loan concentrations are considered to exist when there are amounts loaned to a number of borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. At March 31, 2025, there were no concentrations of loans exceeding 10% of total loans other than loans disclosed in the table above. Non-owner occupied commercial mortgage term loans was the largest concentration and compromised 32.65% of total loans at March 31, 2025. The following table presents the loan segments, determined by collateral type, within the non-owner occupied commercial mortgage loan category as of March 31, 2025.

March 31, 2025BalanceAverage Loan SizePercentage of Total LoansWeighted-Average Loan-to-ValuePercentage 30-89 Days Past DuePercentageNon-performingHotels$402,251 $5,293 3.08 %57 %— %— %Self Storage462,140 3,301 3.54 %55 %0.05 %— %Multi-Family1,050,961 3,727 8.05 %53 %— %— %Office - Medical312,706 2,044 2.40 %46 %— %— %Office - Non-Medical312,312 941 2.39 %56 %— %5.67 %Retail672,686 1,144 5.15 %55 %— %0.34 %Senior Housing233,476 6,867 1.79 %64 %— %5.15 %Warehouse/Industrial732,957 2,545 5.61 %54 %— %— %Other82,656 929 0.64 %55 %— %— %Total non-owner occupied commercial mortgage term loans$4,262,145 $2,150 32.65 %54 %— %0.75 %

Bank-owned life insurance

The Company holds bank-owned life insurance policies (“BOLI”) on certain employees. The carrying value of these policies was $337,502 and $391,810 at March 31, 2025 and December 31, 2024, respectively. The Company elected to surrender $56,255 of BOLI with below