Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 200

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 200
---
 of Total LoansWeighted-Average Loan-to-ValuePercentage 30-89 Days Past DuePercentageNon-performingHotels$761,812 $4,481 4.10 %55 %0.32 %— %Self Storage550,2862,4932.97 54 0.04 — Multi-Family1,321,2462,7137.12 52 — 0.06 Office - Medical352,8002,0631.90 49 0.06 — Office - Non-Medical510,6238442.75 56 0.03 6.46 Retail1,066,8801,1695.75 54 0.08 0.26 Senior Housing365,3416,7661.97 61 — 3.22 Warehouse/Industrial861,7222,2444.64 54 — 0.09 Other162,4269440.87 54 0.10 — Total non-owner occupied commercial mortgage term loans$5,953,136 $1,894 32.07 %54 %0.07 %0.82 %

Bank-owned life insurance

The Company holds bank-owned life insurance policies (“BOLI”) on certain employees. The carrying value of these policies was $486,613 and $391,810 at June 30, 2025 and December 31, 2024, respectively. The Company acquired $146,601 of BOLI as a result of its merger with The First. The Company elected to surrender $56,255 of BOLI with below market yields during the first quarter of 2025. The proceeds were deployed into higher yielding assets.

Deposits

The Company relies on deposits as its primary source of funds. Total deposits were $21,582,637 and $14,572,612 at June 30, 2025 and December 31, 2024, respectively. Noninterest-bearing deposits were $5,356,153 and $3,403,981 at June 30, 2025 and December 31, 2024, respectively, while interest-bearing deposits were $16,226,484 and $11,168,631 at June 30, 2025 and December 31, 2024, respectively. The merger with The First increased total deposits at April 1, 2025