Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 224

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 224
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 our expectations of future credit losses, considered in the context of the existing balance of the allowance for credit losses, resulted in the Company’s model indicating that the aforementioned provision for credit losses on loans was appropriate during the first half of 2025.

The table below reflects the activity in the allowance for credit losses on loans for the periods presented:

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Three Months EndedSix Months Ended June 30,June 30, 2025202420252024Balance at beginning of period$203,931 $201,052 $201,756 $198,578 Impact of purchased credit deteriorated loans acquired during the period23,493 — 23,493 — Charge-offsCommercial, financial, agricultural5,823 186 5,917 535 Lease financing2,394 — 2,394 — Real estate – construction105 — 105 — Real estate – 1-4 family mortgage319 208 628 290 Real estate – commercial mortgage3,944 5,727 4,405 5,727 Installment loans to individuals394 251 659 730 Total charge-offs12,979 6,372 14,108 7,282 RecoveriesCommercial, financial, agricultural627 525 1,585 871 Lease financing4 10 13 18 Real estate – 1-4 family mortgage37 25 70 73 Real estate – commercial mortgage116 99 122 105 Installment loans to individuals141 232 389 570 Total recoveries925 891 2,179 1,637 Net charge-offs12,054 5,481 11,929 5,645 Provision for credit losses on loans75,400 4,300 77,450 6,938 Balance at end of period$290,770 $199,871 $290,770 $199,871 Net charge-offs (annualized) to average loans0.26 %0.18 %0.15 %0.09 %Net charge-offs to allowance for credit losses on loans4.15 %2.74 %4.10 %2.82 %Allowance for credit losses on loans to:Total loans1.57 %1.59 %Nonperforming loans204.97 %203.88 %Nonaccrual loans210.