Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 231

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 231
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%Nonperforming assets to total assets0.59 %0.68 %

The following table presents nonperforming loans by loan category as of the dates presented:

57

March 31,2025December 31, 2024March 31,2024Commercial, financial, agricultural$1,879 $2,000 $6,588 Lease financing3,972 4,083 — Real estate – construction:Residential3,216 1,223 — Commercial— 16 — Total real estate – construction3,216 1,239 — Real estate – 1-4 family mortgage:Primary40,369 55,037 50,133 Home equity1,433 3,404 2,907 Rental/investment477 388 2,171 Land development44 1,760 177 Total real estate – 1-4 family mortgage42,323 60,589 55,388 Real estate – commercial mortgage:Owner-occupied12,126 12,679 2,169 Non-owner occupied32,026 29,280 9,481 Land development3,062 3,291 195 Total real estate – commercial mortgage47,214 45,250 11,845 Installment loans to individuals129 114 404 Total nonperforming loans$98,733 $113,275 $74,225 

Total nonperforming loans as a percentage of total loans were 0.76% as of March 31, 2025 as compared to 0.88% and 0.59% as of December 31, 2024 and March 31, 2024, respectively. The Company’s coverage ratio, or its allowance for credit losses on loans as a percentage of nonperforming loans, was 206.55% as of March 31, 2025 as compared to 178.11% as of December 31, 2024 and 270.87% as of March 31, 2024.

Management has evaluated loans classified as nonperforming and believes that all nonperforming loans have been adequately reserved for in the allowance for credit losses at March 31, 2025. Management also continually monitors past due loans for potential credit quality deterioration. Total loans 30-89 days past due but still accruing interest were $40,188, or 0.