Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 16

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 16
---
Government agency collateralized mortgage obligations2,437 2,437 — Commercial mortgage backed securities:Government agency mortgage backed securities6,541 6,541 — Government agency collateralized mortgage obligations6,480 6,480 — Other debt securities33,214 33,214 — $686,485 $686,485 $— Six months ended June 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:Government agency mortgage backed securities275,910 275,910 — Government agency collateralized mortgage obligations2,437 2,437 — Commercial mortgage backed securities:Government agency mortgage backed securities6,541 6,541 — Government agency collateralized mortgage obligations6,480 6,480 — Other debt securities33,214 33,214 — $686,485 $686,485 $— Carrying Value Immediately Prior to SaleNet ProceedsImpairment (Recognized in December 2023)Six months ended June 30, 2024Obligations of states and political subdivisions$12,301 $11,360 $(941)Residential mortgage backed securities:Government agency mortgage backed securities107,389 95,922 (11,467)Government agency collateralized mortgage obligations48,300 43,990 (4,310)Commercial mortgage backed securities:Government agency collateralized mortgage obligations28,547 25,913 (2,634)$196,537 $177,185 $(19,352)At June 30, 2025 and December 31, 2024, securities with a carrying value of $1,191,329 and $818,344, respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $24,947 and $25,526 were pledged as collateral for short-term borrowings and derivative instruments at June 30, 2025 and December 31, 2024, respectively.The amortized cost and fair value of securities at June 30, 2025 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment