Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 276

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 276
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 as a percentage of total loans and the allowance coverage on nonperforming loans, among others. Also, management reviews past due ratios by officer, community bank and the Company as a whole.

65

The following table presents the allocation of the allowance for credit losses on loans by loan category and the percentage of loans in each category to total loans as of the dates presented:

June 30, 2025December 31, 2024June 30, 2024Balance% of TotalBalance% of TotalBalance% of TotalCommercial, financial, agricultural$59,676 14.37 %$38,527 14.64 %$44,951 14.95 %Lease financing1,935 0.48 3,368 0.70 2,515 0.86 Real estate – construction21,784 7.22 15,126 8.49 18,896 9.95 Real estate – 1-4 family mortgage65,703 26.26 47,761 27.07 47,421 27.43 Real estate – commercial mortgage135,572 51.01 90,204 48.40 77,125 46.03 Installment loans to individuals6,100 0.66 6,770 0.70 8,963 0.78 Total$290,770 100.00 %$201,756 100.00 %$199,871 100.00 %

The provision for credit losses on loans charged to operating expense is an amount which, in the judgment of management, is necessary to maintain the allowance for credit losses on loans at a level that is believed to be adequate to meet the inherent risks of losses in our loan portfolio. The Company recorded a provision for credit losses on loans of $75,400 in the second quarter of 2025 and $77,450 in the first half of 2025, as compared to $4,300 in the second quarter of 2024 and $6,938 in the first half of 2024. Included in the 2025 recorded provision for credit losses on loans is $62,190 of Day 1 acquisition provision associated with the merger with The First. The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. Loan growth, including the addition of loans acquired from