Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 85

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 85
---
1.61 %Nonperforming loans206.55 %270.87 %Nonaccrual loans206.75 %272.52 %

55

The table below reflects annualized net charge-offs (recoveries) to daily average loans outstanding, by loan category, during the periods presented:

Three Months EndedMarch 31, 2025March 31, 2024Net Charge-offs (Recoveries)Average LoansAnnualized Net Charge-offs (Recoveries) to Average LoansNet Charge-offs (Recoveries)Average LoansAnnualized Net Charge-offs (Recoveries) to Average LoansCommercial, financial, agricultural$(864)$1,896,477(0.18)%$3$1,864,444—%Lease financing(9)88,038(0.04)%(8)107,255(0.03)%Real estate – construction—1,134,477—%—1,332,341—%Real estate – 1-4 family mortgage2763,513,7600.03%343,423,951—%Real estate – commercial mortgage4556,246,6010.03%(6)5,580,170—%Installment loans to individuals1787,5160.08%14199,8150.57%Total$(125)$12,966,869—%$164$12,407,9760.01%

The following table provides further details of the Company’s net charge-offs (recoveries) of loans secured by real estate for the periods presented:

Three Months Ended March 31, 20252024Real estate – 1-4 family mortgage:Primary238 (8)Home equity60 1 Rental/investment(23)41 Land development— — Total real estate – 1-4 family mortgage275 34 Real estate – commercial mortgage:Owner-occupied457 (4)Non-owner occupied(2)(3)Land development— — Total real estate – commercial mortgage455 (7)Total net charge-offs (recoveries) of loans secured by real estate$730 $27 

Allowance for Credit Losses on Unfunded Commitments; Provision for Credit Losses on Unfunded Commitments. The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. Management estimates the amount of expected losses on unf