Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 121

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 121
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14 0.01 Loans, net of unearned income$9,172 $385 $349 $517 $270 $10,693 0.09 %The following tables present the weighted average financial effect of loan modifications requiring disclosure under ASU 2022-02 by class of financing receivable for the periods presented.

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

Three months ended March 31, 2025Loan TypeFinancial EffectTerm ExtensionReal Estate - Commercial Mortgage - Non-owner OccupiedExtended the term 12 monthsCombination - Interest Rate Reduction, Term Extension and Payment DelayInstallment loans to individualsReduced the interest rate 425 basis points and extended the term and delayed the payment 49 monthsThree months ended March 31, 2024Loan TypeFinancial EffectInterest Rate ReductionCommercial, financial, agriculturalReduced the interest rate 39 basis pointsReal Estate - Commercial Mortgage - Owner OccupiedReduced the interest rate 47 basis pointsTerm ExtensionCommercial, financial, agriculturalExtended the term 7.5 monthsReal estate – 1-4 family mortgage - PrimaryExtended the term 24 monthsReal Estate - Commercial Mortgage - Owner OccupiedExtended the term 10 monthsPayment DelayReal estate – 1-4 family mortgage - PrimaryDelayed the payment 35.7 monthsReal Estate - Commercial Mortgage - Non-owner OccupiedDelayed the payment 9 monthsInstallment loans to individualsDelayed the payment 17 monthsCombination - Term Extension and Payment DelayCommercial, financial, agriculturalExtended the term and delayed the payment 42 monthsCombination - Interest Rate Reduction and Term ExtensionReal Estate - Commercial Mortgage - Owner-OccupiedReduced the interest rate 275 basis points and extended the term 21 monthsCredit QualityFor loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration and loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 10 and 95, with 10 being loans with the least credit risk. Loans within the “Pass” grade (those with a risk rating between 10 and 60) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “