Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 140

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 140
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2,966 Commercial real estate5,468 5,681 Residential land development19 19 Commercial land development7 7 Total$8,654 $8,673 Changes in the Company’s OREO were as follows: TotalOREOBalance at January 1, 2025$8,673 Transfers of loans1,296 Impairments(564)Dispositions(744)Other(7)Balance at March 31, 2025$8,654 At March 31, 2025 and December 31, 2024, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $2,380 and $505, respectively.Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented: Three Months Ended March 31, 20252024Repairs and maintenance$74 $64 Property taxes and insurance49 29 Impairments564 28 Net gains on OREO sales(2)(13)Rental income— (1)Total$685 $107 

Note 6 – Goodwill and Other Intangible Assets

(In Thousands)The carrying amounts of goodwill by operating segments for the three months ended March 31, 2025 are set forth in the table below.

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

 Community BanksTotalBalance at January 1, 2025$988,898 $988,898 Additions to goodwill and other adjustments— — Balance at March 31, 2025$988,898 $988,898 The following table provides a summary of finite-lived intangible assets as of the dates presented: Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountMarch 31, 2025Core deposit intangibles$82,492 $(72,699)$9,793 Customer relationship intangible7,670 (4,438)3,232 Total finite-lived intangible assets$90,162 $(77,137)$13,025 December 31, 2024Core deposit intangibles$82,492 $(71,881)$10,611 Customer relationship intangible7,670 (4,176)3,494 Total