Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 185

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 185
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coveries)Average LoansAnnualized Net Charge-offs (Recoveries) to Average LoansNet Charge-offs (Recoveries)Average LoansAnnualized Net Charge-offs (Recoveries) to Average LoansCommercial, financial, agricultural$(864)$1,896,477(0.18)%$3$1,864,444—%Lease financing(9)88,038(0.04)%(8)107,255(0.03)%Real estate – construction—1,134,477—%—1,332,341—%Real estate – 1-4 family mortgage2763,513,7600.03%343,423,951—%Real estate – commercial mortgage4556,246,6010.03%(6)5,580,170—%Installment loans to individuals1787,5160.08%14199,8150.57%Total$(125)$12,966,869—%$164$12,407,9760.01%

The following table provides further details of the Company’s net charge-offs (recoveries) of loans secured by real estate for the periods presented:

Three Months Ended March 31, 20252024Real estate – 1-4 family mortgage:Primary238 (8)Home equity60 1 Rental/investment(23)41 Land development— — Total real estate – 1-4 family mortgage275 34 Real estate – commercial mortgage:Owner-occupied457 (4)Non-owner occupied(2)(3)Land development— — Total real estate – commercial mortgage455 (7)Total net charge-offs (recoveries) of loans secured by real estate$730 $27 

Allowance for Credit Losses on Unfunded Commitments; Provision for Credit Losses on Unfunded Commitments. The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. Management estimates the amount of expected losses on unfunded loan commitments by calculating a likelihood of funding over the contractual period for exposures that are not unconditionally cancellable by the Company and applying the loss factors used in the allowance for credit losses on loans methodology described above to unfunded commitments for each loan type. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company. A roll-forward of the allowance for credit losses on unfunded