Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 234

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 234
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 following table provides details of the Company’s other real estate owned, net of valuation allowance and direct write-downs, as of the dates presented:

76

September 30,2025December 31, 2024September 30,2024Residential real estate$5,179 $2,966 $1,004 Commercial real estate3,711 5,681 6,336 Residential land development15 19 19 Commercial land development1,673 7 7 Total other real estate owned$10,578 $8,673 $7,366 

Changes in the Company’s other real estate owned were as follows:

20252024Balance at January 1$8,673 $9,622 Acquired OREO11,109 — Transfers of loans3,971 3,286 Impairments(623)(67)Dispositions(12,552)(1,323)Other— (2,382)Balance at June 30$10,578 $9,136 

Other real estate owned with a cost basis of $12,552 was sold during the nine months ended September 30, 2025, resulting in a net gain of $53, while other real estate owned with a cost basis of $1,323 was sold during the nine months ended September 30, 2024, resulting in a net gain of $143.

Interest Rate Risk

Market risk is the risk of loss from adverse changes in market prices and rates. The majority of assets and liabilities of a financial institution are monetary in nature and therefore differ greatly from most commercial and industrial companies that have significant investments in fixed assets and inventories. Our market risk arises primarily from interest rate risk inherent in lending, investing and deposit-taking activities. Management believes a significant impact on the Company’s financial results stems from our ability to react to changes in interest rates. A sudden and substantial change in interest rates may adversely impact our earnings because the interest rates borne by assets and liabilities do not change at the same speed, to the same extent or on the same basis. Changes in rates may also limit our liquidity, making it more costly for the Company to generate funds to make loans and to satisfy customers wishing to withdraw deposits.

Because of the impact of interest rate fluctuations on our profitability and liquidity, we actively monitor and manage our interest rate risk exposure. We have an Asset/Liability Committee (“ALCO”), which is comprised of various members of senior management and