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Renasant Corporation (Parent Company Only) Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Balance Sheets | Balance Sheets
| December 31,
| 2019 |  | 2018
Assets |  |  |
Cash and cash equivalents(1) | $ | 29,467 |  |  | $ | 44,581 |
Investments | 1,653 |  |  | 1,662 |
Loans, net | — |  |  | 640 |
Investment in bank subsidiary(2) | 2,302,499 |  |  | 2,236,932 |
Accrued interest receivable on bank balances(2) | 6 |  |  | 6 |
Intercompany receivable(2) | — |  |  | 1,618 |
Other assets | 22,861 |  |  | 18,574 |
Total assets | $ | 2,356,486 |  |  | $ | 2,304,013 |
Liabilities and shareholders’ equity |  |  |
Junior subordinated debentures | $ | 110,215 |  |  | $ | 109,636 |
Subordinated notes | 113,955 |  |  | 147,239 |
Other liabilities | 6,627 |  |  | 3,225 |
Shareholders’ equity | 2,125,689 |  |  | 2,043,913 |
Total liabilities and shareholders’ equity | $ | 2,356,486 |  |  | $ | 2,304,013 |
(1) | Eliminates in consolidation, with the exception of $3,840 and $3,737, in 2019 and 2018, respectively, pledged for collateral and held at non-subsidiary bank
(2) Eliminates in consolidation
Statements of Income | Statements of Income
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Income |  |  |  |  |
Dividends from bank subsidiary(1) | $ | 132,563 |  |  | $ | 53,381 |  |  | $ | 34,416 |
Interest income from bank subsidiary(1) | 9 |  |  | 8 |  |  | 8 |
Other dividends | 175 |  |  | 137 |  |  | 94 |
Other income | 138 |  |  | 121 |  |  | 588 |
Total income | 132,885 |  |  | 53,647 |  |  | 35,106 |
Expenses | 16,050 |  |  | 13,869 |  |  | 12,649 |
Income before income tax benefit and equity in undistributed net income of bank subsidiary | 116,835 |  |  | 39,778 |  |  | 22,457 |
Income tax benefit | (4,077 | ) |  | (3,523 | ) |  | (3,761 | )
Equity in undistributed net income of bank subsidiary(1) | 46,684 |  |  | 103,619 |  |  | 65,970 |
Net income | $ | 167,596 |  |  | $ | 146,920 |  |  | $ | 92,188 |
(1) Eliminates in consolidation
Statements of Cash Flows | Statements of Cash Flows
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Operating activities |  |  |  |  |
Net income | $ | 167,596 |  |  | $ | 146,920 |  |  | $ | 92,188 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed net income of bank subsidiary | (46,684 | ) |  | (103,619 | ) |  | (65,970 | )
Amortization/depreciation/accretion | (76 | ) |  | 160 |  |  | 656 |
(Increase) decrease in other assets | (2,678 | ) |  | 3,381 |  |  | (1,069 | )
Increase (decrease) in other liabilities | 10,872 |  |  | (171 | ) |  | (2,291 | )
Net cash provided by operating activities | 129,030 |  |  | 46,671 |  |  | 23,514 |
Investing activities |  |  |  |  |
Sales and maturities of securities held to maturity and available for sale | 42 |  |  | 1,052 |  |  | 1,555 |
Investment in subsidiaries | — |  |  | — |  |  | (25,000 | )
Net cash (paid) received in acquisition | — |  |  | (34,836 | ) |  | 4,834 |
Other investing activities | 632 |  |  | 423 |  |  | (54 | )
Net cash provided by (used in) investing activities | 674 |  |  | (33,361 | ) |  | (18,665 | )
Financing activities |  |  |  |  |
Cash paid for dividends | (50,901 | ) |  | (43,614 | ) |  | (34,416 | )
Cash received on exercise of stock-based compensation | — |  |  | 201 |  |  | 173 |
Repurchase of shares in connection with stock repurchase program | (62,944 | ) |  | (7,062 | ) |  | — |
Repayment of long-term debt | (30,973 | ) |  | — |  |  | (10,310 | )
Other financing activities | — |  |  | (93 | ) |  | 310 |
Net cash used in financing activities | (144,818 | ) |  | (50,568 | ) |  | (44,243 | )
Decrease in cash and cash equivalents | (15,114 | ) |  | (37,258 | ) |  | (39,394 | )
Cash and cash equivalents at beginning of year | 44,581 |  |  | 81,839 |  |  | 121,233 |
Cash and cash equivalents at end of year | $ | 29,467 |  |  | $ | 44,581 |  |  | $ | 81,839 |

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