Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 55

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 55
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Balance SheetJune 30, 2025December 31, 2024 LocationNotional AmountFair ValueNotional AmountFair ValueDerivative liabilities:  Interest rate swapsOther Liabilities$100,000 $13,440 $100,000 $17,369 The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented: Amount of Gain (Loss) Recognized in IncomeIncome StatementThree Months Ended June 30,Six Months Ended June 30, Location2025202420252024Derivative liabilities:  Interest rate swaps - subordinated notesInterest Expense$1,691 $173 $3,929 $(1,338)Derivative liabilities - hedged items:  Interest rate swaps - subordinated notesInterest Expense$(1,691)$(173)$(3,928)$1,338 The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented:Carrying Amount of the Hedged LiabilityCumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged LiabilityBalance Sheet LocationJune 30, 2025December 31, 2024June 30, 2025December 31, 2024Long-term debt$85,663 $81,648 $13,440 $17,369 Credit DerivativesThe Company has both bought and sold credit protection in the form of risk participation agreements. These risk participations, which meet the definition of credit derivatives, were entered into in the ordinary course of business to help its commercial customers manage their exposure to interest rate fluctuations. Risk participations in which credit protection has been purchased entitle the Company to receive a payment from the counterparty if the customer fails to make payment on any amounts due to the Company upon early termination of the swap transaction. The Company’s bought risk participation agreements have maturities between 2028 and 2030. For contracts where the Company sold credit protection, it would be required to make payment to the counterparty if the customer fails to make payment on any amounts due to the counterparty upon early termination of the swap transaction. The Company’s sold risk participation agreements have maturities between 2025 and 2030. The maximum potential amount of future payments under these contracts as of June 30, 2025 was approximately $1,