Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 16

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 16
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95,071 Real estate – construction:Residential273,583 256,655 Commercial817,279 836,998 Total real estate – construction1,090,862 1,093,653 Real estate – 1-4 family mortgage:Primary2,471,818 2,428,076 Home equity551,305 544,158 Rental/investment434,069 402,938 Land development125,888 113,705 Total real estate – 1-4 family mortgage3,583,080 3,488,877 Real estate – commercial mortgage:Owner-occupied1,949,177 1,894,679 Non-owner occupied4,262,145 4,226,937 Land development108,798 114,452 Total real estate – commercial mortgage6,320,120 6,236,068 Installment loans to individuals87,539 90,014 Gross loans13,059,714 12,889,500 Unearned income(4,121)(4,480)Loans, net of unearned income$13,055,593 $12,885,020 Past Due and Nonaccrual LoansLoans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not 

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

such loans are considered past due. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following tables provide an aging of past due accru