Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 89

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 89
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%23.69 %— %— %Interest-bearing demand50.44 47.90 2.74 3.17 Savings5.96 5.67 0.31 0.35 Brokered deposits— 1.99 — 5.37 Time deposits15.34 16.80 4.05 4.34 Short term borrowings2.10 0.93 3.72 1.92 Subordinated notes1.94 2.25 5.70 5.50 Other borrowed funds0.63 0.77 7.66 8.24 Total deposits and borrowed funds100.00 %100.00 %2.26 %2.58 %

 Percentage of Total Average Deposits and Borrowed FundsCost of FundsSix Months EndedSix Months Ended June 30,June 30, 2025202420252024Noninterest-bearing demand23.19 %23.85 %— %— %Interest-bearing demand51.04 47.67 2.78 3.10 Savings5.73 5.77 0.33 0.34 Brokered deposits— 2.51 — 5.38 Time deposits15.77 16.31 3.99 4.20 Short-term borrowings1.54 0.86 3.19 1.59 Subordinated notes2.05 2.26 5.46 5.51 Other long term borrowings0.68 0.77 7.76 8.26 Total deposits and borrowed funds100.00 %100.00 %2.28 %2.52 %

Interest expense on deposits was $111,921 and $87,621 for the three months ended June 30, 2025 and 2024, respectively, and the cost of total deposits was 2.12% and 2.47% for the same respective periods. The increase in deposit expense and decrease in cost is attributable to the acquisition of The First’s deposits. The cost of total deposits was also affected by the Federal Reserve’s rate cuts during the second half of 2024. As liquidity risks abated, the Company also repaid advances and allowed brokered deposits to mature, which lowered our deposit costs. The Company has continued its efforts to maintain non