XML 85 R37.htm IDEA: XBRL DOCUMENT
v3.20.1

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Fair Value Disclosures [Abstract] |
Assets and liabilities measured at fair value on a recurring basis | The following table presents assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:
| Level 1 |  | Level 2 |  | Level 3 |  | Totals
March 31, 2020 |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |
Trust preferred securities | $ | — |  |  | $ | — |  |  | $ | 8,604 |  |  | $ | 8,604 |
Other available for sale securities | — |  |  | 1,350,525 |  |  | — |  |  | 1,350,525 |
Total securities available for sale | — |  |  | 1,350,525 |  |  | 8,604 |  |  | 1,359,129 |
Derivative instruments | — |  |  | 38,117 |  |  | — |  |  | 38,117 |
Mortgage loans held for sale in loans held for sale | — |  |  | 448,797 |  |  | — |  |  | 448,797 |
Total financial assets | $ | — |  |  | $ | 1,837,439 |  |  | $ | 8,604 |  |  | $ | 1,846,043 |
Financial liabilities: |  |  |  |  |  |  |
Derivative instruments | $ | — |  |  | $ | 37,256 |  |  | $ | — |  |  | $ | 37,256 |
| Level 1 |  | Level 2 |  | Level 3 |  | Totals
December 31, 2019 |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |
Trust preferred securities | $ | — |  |  | $ | — |  |  | $ | 9,986 |  |  | $ | 9,986 |
Other available for sale securities | — |  |  | 1,280,627 |  |  | — |  |  | 1,280,627 |
Total securities available for sale | — |  |  | 1,280,627 |  |  | 9,986 |  |  | 1,290,613 |
Derivative instruments | — |  |  | 8,498 |  |  | — |  |  | 8,498 |
Mortgage loans held for sale in loans held for sale | — |  |  | 318,272 |  |  | — |  |  | 318,272 |
Total financial assets | $ | — |  |  | $ | 1,607,397 |  |  | $ | 9,986 |  |  | $ | 1,617,383 |
Financial liabilities: |  |  |  |  |  |  |  |
Derivative instruments | $ | — |  |  | $ | 10,000 |  |  | $ | — |  |  | $ | 10,000 |
Reconciliation for assets and liabilities measured at fair value on a recurring basis | The following tables provide a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented:
Three Months Ended March 31, 2020 | Trust preferred securities
Three Months Ended March 31, 2019 | Trust preferred securities
Three Months Ended March 31, 2020 | Trust preferred securities
Balance at January 1, 2020 | $ | 9,986 |
Accretion included in net income | 9 |
Unrealized losses included in other comprehensive income | (1,319 | )
Settlements | (72 | )
Balance at March 31, 2020 | $ | 8,604 |
Three Months Ended March 31, 2019 | Trust preferred securities
Balance at January 1, 2019 | $ | 10,633 |
Accretion included in net income | 9 |
Unrealized losses included in other comprehensive income | (287 | )
Settlements | (109 | )
Balance at March 31, 2019 | $ | 10,246 |
Significant unobservable inputs (Level 3) used in valuation of assets and liabilities measured at fair value on recurring basis | The following table presents information as of March 31, 2020 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a recurring basis:
Financial instrument | Fair Value |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range of Inputs
Trust preferred securities | $ | 8,604 |  |  | Discounted cash flows |  | Default rate |  | 0-100%
Assets measured at fair value on a nonrecurring basis | The following table provides the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:
March 31, 2020 | Level 1 |  | Level 2 |  | Level 3 |  | Totals
Impaired loans | $ | — |  |  | $ | — |  |  | $ | 6,744 |  |  | $ | 6,744 |
OREO | — |  |  | — |  |  | 960 |  |  | 960 |
Mortgage servicing rights | — |  |  | — |  |  | 46,365 |  |  | 46,365 |
Total | $ | — |  |  | $ | — |  |  | $ | 54,069 |  |  | $ | 54,069 |
December 31, 2019 | Level 1 |  | Level 2 |  | Level 3 |  | Totals
Impaired loans | $ | — |  |  | $ | — |  |  | $ | 27,348 |  |  | $ | 27,348 |
OREO | — |  |  | — |  |  | 2,820 |  |  | 2,820 |
Mortgage servicing rights | — |  |  | — |  |  | 53,208 |  |  | 53,208 |
Total | $ | — |  |  | $ | — |  |  | $ | 83,376 |  |  | $ | 83,376 |
OREO measured at fair value on a nonrecurring basis | The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented:
| March 31, 2020 |  | December 31, 2019
Carrying amount prior to remeasurement | $ | 1,157 |  |  | $ | 3,726 |
Impairment recognized in results of operations | (197 | ) |  | (906 | )
Fair value | $ | 960 |  |  | $ | 2,820 |
Significant unobservable inputs (Level 3) used in valuation of assets and liabilities measured at fair value on non recurring basis | The following table presents information as of March 31, 2020 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:
Financial instrument | Fair Value |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range of Inputs
Impaired loans | $ | 6,744 |  |  | Appraised value of collateral less estimated costs to sell |  | Estimated costs to sell |  | 4-10%
OREO | 960 |  |  | Appraised value of property less estimated costs to sell |  | Estimated costs to sell |  | 4-10%
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value | The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2020:
| Aggregate Fair Value |  | Aggregate Unpaid Principal Balance |  | Difference
Mortgage loans held for sale measured at fair value | $ | 448,797 |  |  | $ | 425,975 |  |  | $ | 22,822 |
Past due loans of 90 days or more | — |  |  | — |  |  | — |
Nonaccrual loans | — |  |  | — |  |  | — |
Assets and liabilities not measured and reported at fair value on a recurring basis or nonrecurring basis | The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:
|  |  | Fair Value
As of March 31, 2020 | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 637,772 |  |  | $ | 637,772 |  |  | $ | — |  |  | $ | — |  |  | $ | 637,772 |
Securities available for sale | 1,359,129 |  |  | — |  |  | 1,350,525 |  |  | 8,604 |  |  | 1,359,129 |
Loans held for sale | 448,797 |  |  | — |  |  | 448,797 |  |  | — |  |  | 448,797 |
Loans, net | 9,649,192 |  |  | — |  |  | — |  |  | 9,689,967 |  |  | 9,689,967 |
Mortgage servicing rights | 46,365 |  |  | — |  |  | — |  |  | 46,365 |  |  | 46,365 |
Derivative instruments | 38,117 |  |  | — |  |  | 38,117 |  |  | — |  |  | 38,117 |
Financial liabilities |  |  |  |  |  |  |  |  |
Deposits | $ | 10,412,426 |  |  | $ | 8,328,545 |  |  | $ | 2,108,440 |  |  | $ | — |  |  | $ | 10,436,985 |
Short-term borrowings | 803,037 |  |  | 803,037 |  |  | — |  |  | — |  |  | 803,037 |
Federal Home Loan Bank advances | 152,294 |  |  | — |  |  | 155,682 |  |  | — |  |  | 155,682 |
Junior subordinated debentures | 110,360 |  |  | — |  |  | 97,665 |  |  | — |  |  | 97,665 |
Subordinated notes | 113,940 |  |  | — |  |  | 113,700 |  |  | — |  |  | 113,700 |
Derivative instruments | 37,256 |  |  | — |  |  | 37,256 |  |  | — |  |  | 37,256 |
|  |  | Fair Value
As of December 31, 2019 | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 414,930 |  |  | $ | 414,930 |  |  | $ | — |  |  | $ | — |  |  | $ | 414,930 |
Securities available for sale | 1,290,613 |  |  | — |  |  | 1,280,627 |  |  | 9,986 |  |  | 1,290,613 |
Loans held for sale | 318,272 |  |  | — |  |  | 318,272 |  |  | — |  |  | 318,272 |
Loans, net | 9,637,476 |  |  | — |  |  | — |  |  | 9,321,039 |  |  | 9,321,039 |
Mortgage servicing rights | 53,208 |  |  | — |  |  | — |  |  | 53,208 |  |  | 53,208 |
Derivative instruments | 8,498 |  |  | — |  |  | 8,498 |  |  | — |  |  | 8,498 |
Financial liabilities |  |  |  |  |  |  |  |  |
Deposits | $ | 10,213,168 |  |  | $ | 8,052,536 |  |  | $ | 2,158,431 |  |  | $ | — |  |  | $ | 10,210,967 |
Short-term borrowings | 489,091 |  |  | 489,091 |  |  | — |  |  | — |  |  | 489,091 |
Federal Home Loan Bank advances | 152,337 |  |  | — |  |  | 152,321 |  |  | — |  |  | 152,321 |
Junior subordinated debentures | 110,215 |  |  | — |  |  | 104,480 |  |  | — |  |  | 104,480 |
Subordinated notes | 113,955 |  |  | — |  |  | 117,963 |  |  | — |  |  | 117,963 |
Derivative instruments | 10,000 |  |  | — |  |  | 10,000 |  |  | — |  |  | 10,000 |

X
- Definition Other real estate owned measured at fair value on nonrecurring basis. + References No definition available. + Details
Name: | rnst_OtherRealEstateOwnedMeasuredAtFairValueOnNonrecurringBasisTableTextBlock
Namespace Prefix: | rnst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Significant unobservable inputs used in valuation of assets and liabilities measured at fair value on non recurring basis. + References No definition available. + Details
Name: | rnst_SignificantUnobservableInputsUsedInValuationOfAssetsAndLiabilitiesMeasuredAtFairValueOnNonRecurringBasisTableTextBlock
Namespace Prefix: | rnst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about asset and liability measured at fair value under fair value option. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14210-108612 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14217-108612 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 + Details
Name: | us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration