Company: RNST
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000715072-25-000054
Chunk: 123

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 123
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 to daily average loans outstanding, by loan category, during the years ended December 31:

20242023Net Charge-offsAverage LoansNet Charge-offs to Average LoansNet Charge-offsAverage LoansNet Charge-offs to Average LoansCommercial, financial, agricultural$2,753$1,848,1950.15%$5,748$1,761,1030.33%Lease financing608101,5170.60%1,506119,3761.26%Real estate – construction1451,264,8190.01%91,347,228—%Real estate – 1-4 family mortgage8003,427,3680.02%283,382,553—%Real estate – commercial mortgage3,4595,842,7960.06%4,8565,241,8810.09%Installment loans to individuals30594,4480.32%183111,0000.16%Total$8,070$12,579,1430.06%$12,330$11,963,1410.10%

The following table provides further details of the Company’s net charge-offs (recoveries) of loans secured by real estate for the years ended December 31:

 20242023Real estate – construction:Residential$145 $9 Real estate – 1-4 family mortgage:Primary392 (111)Home equity414 76 Rental/investment(5)82 Land development(1)(19)Total real estate – 1-4 family mortgage800 28 Real estate – commercial mortgage:Owner-occupied(75)157 Non-owner occupied3,527 4,699 Land development7 — Total real estate – commercial mortgage3,459 4,856 Total net charge-offs of loans secured by real estate$4,404 $4,893 

Allowance for Credit Losses on Unfunded Commitments; Provision for Credit Losses on Unfunded Commitments. The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. Management estimates the amount of expected losses on unfunded loan commitments by calculating a likelihood of funding over the contractual period for exposures that are not unconditionally cancellable by the Company and applying the loss factors used in the allowance for credit loss on loans methodology described above to unfunded commitments for each loan type. No credit loss estimate is