Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 287

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 287
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 total cost of each funding source for the periods presented:

 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 borrowed funds0.68 0.77 7.76 8.26 Total deposits and borrowed funds100.00 %100.00 %2.28 %2.52 %

The estimated amount of uninsured and uncollateralized deposits at June 30, 2025 was $6,259,510. Collateralized public funds over FDIC insurance limits were $3,039,016 at June 30, 2025.

Our strategy in choosing funds is focused on minimizing cost in the context of our balance sheet composition, interest rate risk position and liquidity forecast. Accordingly, management targets growth of core deposits, focusing on noninterest-bearing deposits. While we do not control the types of deposit instruments our clients choose, we do influence those choices with the rates and the deposit specials we offer. We constantly monitor our funds position and evaluate the effect that various funding sources have on our financial position.

Cash and cash equivalents were $1,378,612 at June 30, 2025, as compared to $851,906 at June 30, 2024. The increase is largely driven by growth in deposits and our acquisition of The First.

Cash used in investing activities for the six months ended June 30, 2025 was $262,173, as compared to cash used in investing activities of $43,479 for the six months ended June 30, 2024. Proceeds from the sale, maturity or call of securities within our investment portfolio were $851,862 for the six months ended June 30, 2025, as compared to $270,270 for the same period in