Company: RNST
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000715072-25-000234
Chunk: 18

Company: RENASANT CORP
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 18
---
 Shortly after merger, certain securities from this portfolio were sold at carrying value, resulting in no gain or loss on the sale; no other securities were sold in the first nine months of 2025. With respect to the securities sold during the nine months ended September 30, 2024, the Company intended to sell these securities as of December 31, 2023, and completed the sale in January 2024. Therefore, the Company impaired the securities and recognized the loss in net income as of December 31, 2023.

13

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

Carrying Value Immediately Prior to SaleNet ProceedsGain/(Loss)Nine months ended September 30, 2025Obligations of other U.S. Government agencies and corporations$34,394 $34,394 $— Obligations of states and political subdivisions327,509 327,509 — Residential mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises275,910 275,910 — Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises2,437 2,437 — Commercial mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises6,541 6,541 — Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises6,480 6,480 — Other debt securities33,214 33,214 — $686,485 $686,485 $— Carrying Value Immediately Prior to SaleNet ProceedsImpairment (Recognized in December 2023)Nine months ended September 30, 2024Obligations of states and political subdivisions$12,301 $11,360 $(941)Residential mortgage backed securities:Mortgage backed securities issued by U.S. Government agencies or sponsored enterprises107,389 95,922 (11,467)Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises48,300 43,990 (4,310)Commercial mortgage backed securities:Collateralized mortgage obligations issued by U.S. Government agencies or sponsored enterprises28,547 25,913 (2,634)$196,537 $177,185 $(19,352)At September 30, 2025 and December 31