Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 139

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 139
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 allowance for credit losses$1,126,112 Securities sold are presented in the tables below for the periods presented. On April 1, 2025, the Company acquired available for sale securities with a fair value of $1,457,377 as part of the merger with The First. Shortly after merger, certain securities from this portfolio were sold at carrying value, resulting in no gain or loss on the sale; no other securities were sold in the first nine months of 2025. With respect to the securities sold during the nine months ended September 30, 2024, the Company intended to sell these securities as of December 31, 2023, and completed the sale in January 2024. Therefore, the Company impaired the securities and recognized the loss in net income as of December 31, 2023.

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

Carrying Value Immediately Prior to SaleNet ProceedsGain/(Loss)Nine months ended September 30, 2025Obligations of other U.S. Government agencies and corporations$34,394 $34,394 $— Obligations of states and political subdivisions327,509 327,509 — Residential mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises275,910 275,910 — Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises2,437 2,437 — Commercial mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises6,541 6,541 — Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises6,480 6,480 — Other debt securities33,214 33,214 — $686,485 $686,485 $— Carrying Value Immediately Prior to SaleNet ProceedsImpairment (Recognized in December 2023)Nine months ended September 30, 2024Obligations of states and political subdivisions$12,301 $11,360 $(941)Residential mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises107,389 95,922 (11,467)Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises48,300 43,990 (4,