Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 166

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 166
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 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 market yields during the first quarter of 2025. The proceeds were deployed into higher yielding assets.

Deposits

The Company relies on deposits as its primary source of funds. Total deposits were $14,772,095 and $14,572,612 at March 31, 2025 and December 31, 2024, respectively. Noninterest-bearing deposits were $3,541,375 and $3,