Company: RNST
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000715072-25-000054
Chunk: 99

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 99
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 municipal and corporate securities, the Company considers historical experience with credit sensitive securities, current market conditions, the financial health of the issuer, current credit ratings, ratings changes and outlook, explicit and implicit guarantees, and/or insurance programs when determining the fair value of the contractual cash flows. Based on its review of these factors as of December 31, 2024 and 2023, the Company determined that all such losses resulted from factors not deemed credit related. As a result, no credit-related impairment was recognized in current earnings, and all unrealized losses for available for sale securities were recorded in Accumulated other comprehensive income (loss).

The following table sets forth the scheduled maturity distribution and weighted average yield based on the amortized cost of the debt securities in our investment portfolio as of December 31, 2024. Amortized CostYield  Held to Maturity:Obligations of states and political subdivisions Maturing within one year$1,494 2.61 % Maturing after one year through five years6,017 1.00 % Maturing after five years through ten years127,004 1.57 % Maturing after ten years150,027 1.85 %Residential mortgage-backed securities not due at a single maturity date:Government agency MBS372,414 1.93 %Government agency CMO354,882 1.86 %Commercial mortgage-backed securities not due at a single maturity date:Government agency MBS16,961 1.79 %Government agency CMO43,662 1.79 %Other debt securities not due at a single maturity date:53,683 2.68 %Available for Sale:Obligations of states and political subdivisions Maturing within one year or less1,997 5.46 % Maturing after one year through five years4,301 3.72 % Maturing after five years through ten years9,891 1.50 % Maturing after ten years4,077 1.30 %Other debt securities Maturing within one year or less— — % Maturing after one year through five years37,557 6.29 % Maturing after five years through ten years24,884 4.87 % Maturing after ten years— — %Residential mortgage-backed securities not due at a single maturity date:Government agency MBS