Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 87

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 87
---
 Other real estate owned8,654 8,673 Total nonperforming assets$107,387 $121,948 Nonperforming loans to total loans0.76 %0.88 %Nonaccruing loans to total loans0.76 %0.88 %Nonperforming assets to total assets0.59 %0.68 %

The following table presents nonperforming loans by loan category as of the dates presented:

57

March 31,2025December 31, 2024March 31,2024Commercial, financial, agricultural$1,879 $2,000 $6,588 Lease financing3,972 4,083 — Real estate – construction:Residential3,216 1,223 — Commercial— 16 — Total real estate – construction3,216 1,239 — Real estate – 1-4 family mortgage:Primary40,369 55,037 50,133 Home equity1,433 3,404 2,907 Rental/investment477 388 2,171 Land development44 1,760 177 Total real estate – 1-4 family mortgage42,323 60,589 55,388 Real estate – commercial mortgage:Owner-occupied12,126 12,679 2,169 Non-owner occupied32,026 29,280 9,481 Land development3,062 3,291 195 Total real estate – commercial mortgage47,214 45,250 11,845 Installment loans to individuals129 114 404 Total nonperforming loans$98,733 $113,275 $74,225 

Total nonperforming loans as a percentage of total loans were 0.76% as of March 31, 2025 as compared to 0.88% and 0.59% as of December 31, 2024 and March 31, 2024, respectively. The Company’s coverage ratio, or its allowance for credit losses on loans as a percentage of nonperforming loans, was 206.55% as of March 31, 2025 as compared to 178.11% as of December 31, 2024 and 270.87% as of March 31, 2024.

Management has evaluated loans classified as nonperforming and believes that