Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 83

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 83
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 total loans at September 30, 2025. The following table provides additional detail, broken down by collateral type, about loan segments within the non-owner occupied commercial mortgage loan category as of the date presented.

58

September 30, 2025BalanceAverage Loan SizePercentage of Total LoansWeighted-Average Loan-to-ValuePercentage 30-89 Days Past DuePercentageNon-performingHotels$735,666 $4,459 3.87 %53 %— %— %Self Storage587,5503,0133.09 54 0.04 — Multi-Family1,365,2172,6307.18 53 — 0.10 Office - Medical387,5811,9192.04 52 — — Office - Non-Medical450,6748702.37 55 — 7.12 Retail1,229,1891,2846.46 54 — 0.02 Senior Housing326,0865,8231.71 60 — 3.52 Warehouse/Industrial894,9112,3374.70 53 — — Other143,8039520.75 54 0.31 — Total non-owner occupied commercial mortgage term loans$6,120,677 $1,946 32.17 %54 %0.01 %0.74 %

Note: Weighted-average loan-to-value is calculated using the most recent appraisal available.

Bank-owned life insurance

The Company holds bank-owned life insurance policies (“BOLI”) on certain employees. The carrying value of these policies was $488,920 and $391,810 at September 30, 2025 and December 31, 2024, respectively. The Company acquired $146,601 of BOLI as a result of its merger with The First. The Company elected to surrender $56,255 of BOLI with below market yields during the first quarter of 2025. The proceeds were deployed into higher yielding assets.

Deposits

The Company relies on deposits as its primary source of funds. Total deposits were $21,424,555 and $14,572,612 at September 30, 2025 and December 31, 2024, respectively. Noninterest-bearing deposits were $5,238,431 and $3,403,981 at September 30, 2025 and