Company: RNST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000715072-25-000180
Chunk: 45

Company: RENASANT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 45
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 of the dates presented: Balance SheetMarch 31, 2025December 31, 2024 LocationNotional AmountFair ValueNotional AmountFair ValueDerivative assets:  Interest rate swapsOther Assets$130,000 $19,971 $130,000 $22,780   Interest rate collarsOther Assets450,000 434 — — Total$580,000 $20,405 $130,000 $22,780 Derivative liabilities:  Interest rate collarsOther Liabilities$— $— $450,000 $598 Totals$— $— $450,000 $598 Changes in fair value of cash flow hedges are, to the extent that the hedging relationship is effective, recorded as other comprehensive income and are subsequently recognized in earnings at the same time that the hedged item is recognized in earnings. The ineffective portions of the changes in fair value of the hedging instruments are immediately recognized in earnings. The assessment of the effectiveness of the hedging relationship is evaluated under the hypothetical derivative method. 

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Table of ContentsRenasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

There were no ineffective portions for the three months ended March 31, 2025 or 2024. The impact on other comprehensive income for the three months ended March 31, 2025 and 2024 is discussed in Note 11, “Other Comprehensive Income.”Derivatives designated as fair value hedgesFair value hedges protect against changes in the fair value of an asset, liability, or firm commitment.  The Company enters into interest rate swap agreements to manage interest rate exposure on certain of the Company’s fixed-rate subordinated notes.  The agreements convert the fixed interest rates to variable interest rates.The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented: Balance SheetMarch 31, 2025December 31, 2024 LocationNotional AmountFair ValueNotional AmountFair ValueDerivative liabilities:  Interest rate swapsOther Liabilities$100,000 $15,131 $100,000 $17,369 The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented: Amount of Gain (Loss) Recognized in IncomeIncome StatementThree Months Ended March 31