Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 9

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 9
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U”) 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which amends the disclosure requirements in the notes to financial statements of specified information about certain costs and expenses. ASU 2024-03 will be effective January 1, 2027 and is not expected to have a significant impact on the Company’s financial statements.

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

Note 2 – Securities

(In Thousands, Except Number of Securities)The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below.  There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of March 31, 2025 or December 31, 2024. AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueMarch 31, 2025Obligations of states and political subdivisions$20,221 $53 $(2,024)$18,250 Residential mortgage backed securities:Government agency mortgage backed securities247,389 201 (21,007)226,583 Government agency collateralized mortgage obligations504,846 1,800 (69,091)437,555 Commercial mortgage backed securities:Government agency mortgage backed securities11,372 42 (549)10,865 Government agency collateralized mortgage obligations167,336 374 (19,834)147,876 Other debt securities162,119 590 (1,782)160,927 $1,113,283 $3,060 $(114,287)$1,002,056  AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueDecember 31, 2024Obligations of states and political subdivisions$20,266 $57 $(2,269)$18,054 Residential mortgage backed securities:Government agency mortgage backed securities185,292 81 (24,468)160,905 Government agency collateralized mortgage obligations475,311 75 (86,870)388,516 Commercial mortgage backed securities:Government agency mortgage backed securities11,373 — (751)10,622