Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 170

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 170
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$15,718 Six Months Ended June 30,20252024Allowance for credit losses on unfunded loan commitments:Beginning balance$14,943 $16,918 Provision for (recovery of) credit losses on unfunded loan commitments8,622 (1,200)Ending balance$23,565 $15,718 The Company recorded a provision for credit losses on unfunded loan commitments of $5,922 during the second quarter of 2025, as compared to a recovery of credit losses on unfunded loan commitments of $1,000 recorded in the second quarter of 2024. The $5,922 provision for credit losses on unfunded commitments in the second quarter of 2025 was primarily driven by the $4,422 of Day 1 acquisition provision related to the merger with The First.

Note 6 – Other Real Estate Owned

(In Thousands)The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-downs, as of the dates presented: June 30, 2025December 31, 2024Residential real estate$5,701 $2,966 Commercial real estate4,426 5,681 Residential land development24 19 Commercial land development1,599 7 Total$11,750 $8,673 Changes in the Company’s OREO were as follows: TotalOREOBalance at January 1, 2025$8,673 Acquired OREO11,109 Transfers of loans4,281 Impairments(585)Dispositions(11,713)Other(15)Balance at June 30, 2025$11,750 

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

At June 30, 2025 and December 31, 2024, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $390 and $505, respectively.Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented: Three Months EndedSix Months Ended June 30,June 30, 2025202420252024Repairs and maintenance$155 $147 $229 $211 Property taxes and insurance48 23 97 52