Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 264

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 264
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, which consist of total average deposits and borrowed funds, and the total cost of each funding source for the periods presented:

 Percentage of Total Average Deposits and Borrowed FundsCost of FundsThree Months EndedThree Months Ended June 30,June 30, 2025202420252024Noninterest-bearing demand23.59 %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