Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 46

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 46
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, Location20252024Derivative liabilities:  Interest rate swaps - subordinated notesInterest Expense$2,238 $(1,511)Derivative liabilities - hedged items:  Interest rate swaps - subordinated notesInterest Expense$(2,238)$1,511 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 LocationMarch 31, 2025December 31, 2024March 31, 2025December 31, 2024Long-term debt$83,929 $81,648 $15,131 $17,369 OffsettingCertain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when the “right of offset” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to determine a net receivable or net payable upon early termination of the agreement. Certain of the Company’s derivative instruments are subject to master netting agreements; however, the Company has not elected to offset such financial instruments in the Consolidated Balance Sheets. The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement as of the dates presented:

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

Offsetting Derivative AssetsOffsetting Derivative LiabilitiesMarch 31,2025December 31, 2024March 31,2025December 31, 2024Gross amounts recognized$26,825 $34,505 $22,917 $28,550 Gross amounts offset in the Consolidated Balance Sheets— — — — Net amounts presented in the Consolidated Balance Sheets26,825 34,505 22,917 28,550 Gross amounts not offset in the Consolidated Balance SheetsFinancial instruments21,553 27,939