Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 21

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 21
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 Updated investment grades are obtained as they become available from agencies. As of June 30, 2025, all of the debt securities held to maturity were rated A or higher by the ratings agencies.

Note 4 – Loans

(In Thousands, Except Number of Loans)For purposes of this Note 4, all references to “loans” mean loans excluding loans held for sale.The following is a summary of loans and leases as of the dates presented: June 30,2025December 31, 2024Commercial, financial, agricultural$2,666,923 $1,885,817 Lease financing94,559 95,071 Real estate – construction:Residential380,040 256,655 Commercial959,927 836,998 Total real estate – construction1,339,967 1,093,653 Real estate – 1-4 family mortgage:Primary3,082,720 2,428,076 Home equity722,389 544,158 Rental/investment843,334 402,938 Land development226,236 113,705 Total real estate – 1-4 family mortgage4,874,679 3,488,877 Real estate – commercial mortgage:Owner-occupied3,288,006 1,894,679 Non-owner occupied5,953,136 4,226,937 Land development228,992 114,452 Total real estate – commercial mortgage9,470,134 6,236,068 Installment loans to individuals122,176 90,014 Gross loans18,568,438 12,889,500 Unearned income(4,991)(4,480)Loans, net of unearned income$18,563,447 $12,885,020 Past Due and Nonaccrual LoansLoans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of