Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 143

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 143
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)223$959,886 $(73,980)229$975,037 $(75,252)December 31, 2024Obligations of states and political subdivisions—$— $— 128$240,394 $(42,491)128$240,394 $(42,491)Residential mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises—— — 69347,154 (25,251)69347,154 (25,251)Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises—— — 18313,376 (41,506)18313,376 (41,506)Commercial mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises—— — 114,002 (2,958)114,002 (2,958)Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises—— — 936,345 (7,317)936,345 (7,317)Other debt securities—— — 1049,603 (4,080)1049,603 (4,080)Total—$— $— 235$1,000,874 $(123,603)235$1,000,874 $(123,603) The Company evaluates its available for sale investment securities in an unrealized loss position on a quarterly basis. If the Company intends to sell the security or it is more likely than not that it will be required to sell before recovery, the entire unrealized loss is recorded as a loss within noninterest income in the Consolidated Statements of Income along with a corresponding adjustment to the amortized cost basis of the security. If the Company does not intend to sell the security and it is not more likely than not that it will be required to sell the security before recovery of its amortized cost basis, the Company evaluates if any of the unrealized loss is related to a potential credit loss. The amount related to credit loss, if any, is recognized in earnings as a provision for credit loss and a corresponding allowance for credit losses is established; each is calculated as the difference between the estimate of the discounted future contractual cash flows and the amortized cost basis of the security. A number of qualitative and quantitative factors are considered by management in the estimate of the discounted future contractual cash flows, including the financial condition of the underlying issuer