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Renasant Corporation (Parent Company Only) Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Balance Sheets | Balance Sheets
| December 31,
| 2020 |  | 2019
Assets |  |  |
Cash and cash equivalents(1) | $ | 129,164 |  |  | $ | 29,467 |
Investments | 7,174 |  |  | 1,653 |
Investment in bank subsidiary(2) | 2,306,937 |  |  | 2,302,499 |
Accrued interest receivable on bank balances(2) | 6 |  |  | 6 |
Intercompany receivable(2) | 184 |  |  | — |
Other assets | 22,926 |  |  | 22,861 |
Total assets | $ | 2,466,391 |  |  | $ | 2,356,486 |
Liabilities and shareholders’ equity |  |  |
Junior subordinated debentures | $ | 110,794 |  |  | $ | 110,215 |
Subordinated notes | 212,009 |  |  | 113,955 |
Other liabilities | 10,855 |  |  | 6,627 |
Shareholders’ equity | 2,132,733 |  |  | 2,125,689 |
Total liabilities and shareholders’ equity | $ | 2,466,391 |  |  | $ | 2,356,486 |
(1)Eliminates in consolidation, with the exception of $844 and $3,840, in 2020 and 2019, respectively, pledged for collateral and held at non-subsidiary bank (2)Eliminates in consolidation
Statements of Income | Statements of Income
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Income |  |  |  |  |
Dividends from bank subsidiary(1) | $ | 81,443 |  |  | $ | 132,563 |  |  | $ | 53,381 |
Interest income from bank subsidiary(1) | 9 |  |  | 9 |  |  | 8 |
Other dividends | 93 |  |  | 175 |  |  | 137 |
Other income | 74 |  |  | 138 |  |  | 121 |
Total income | 81,619 |  |  | 132,885 |  |  | 53,647 |
Expenses | 15,179 |  |  | 16,050 |  |  | 13,869 |
Income before income tax benefit and equity in undistributed net income of bank subsidiary | 66,440 |  |  | 116,835 |  |  | 39,778 |
Income tax benefit | (3,889) |  |  | (4,077) |  |  | (3,523) |
Equity in undistributed net income of bank subsidiary(1) | 13,322 |  |  | 46,684 |  |  | 103,619 |
Net income | $ | 83,651 |  |  | $ | 167,596 |  |  | $ | 146,920 |
(1)Eliminates in consolidation
Statements of Cash Flows | Statements of Cash Flows
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Operating activities |  |  |  |  |
Net income | $ | 83,651 |  |  | $ | 167,596 |  |  | $ | 146,920 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed net income of bank subsidiary | (13,322) |  |  | (46,684) |  |  | (103,619) |
Amortization/depreciation/accretion | 692 |  |  | (76) |  |  | 160 |
(Increase) decrease in other assets | (256) |  |  | (2,678) |  |  | 3,381 |
Increase (decrease) in other liabilities | 10,932 |  |  | 10,872 |  |  | (171) |
Net cash provided by operating activities | 81,697 |  |  | 129,030 |  |  | 46,671 |
Investing activities |  |  |  |  |
Purchases of securities held to maturity and available for sale | (6,104) |  |  | — |  |  | — |
Sales and maturities of securities held to maturity and available for sale | 541 |  |  | 42 |  |  | 1,052 |
Net cash paid in acquisition | — |  |  | — |  |  | (34,836) |
Other investing activities | — |  |  | 632 |  |  | 423 |
Net cash (used in) provided by investing activities | (5,563) |  |  | 674 |  |  | (33,361) |
Financing activities |  |  |  |  |
Cash paid for dividends | (50,134) |  |  | (50,901) |  |  | (43,614) |
Cash received on exercise of stock-based compensation | — |  |  | — |  |  | 201 |
Repurchase of shares in connection with stock repurchase program | (24,569) |  |  | (62,944) |  |  | (7,062) |
Repayment of long-term debt | — |  |  | (30,973) |  |  | — |
Proceeds from issuance of long-term debt | 98,266 |  |  | — |  |  | — |
Other financing activities | — |  |  | — |  |  | (93) |
Net cash provided by (used in) financing activities | 23,563 |  |  | (144,818) |  |  | (50,568) |
Increase (decrease) in cash and cash equivalents | 99,697 |  |  | (15,114) |  |  | (37,258) |
Cash and cash equivalents at beginning of year | 29,467 |  |  | 44,581 |  |  | 81,839 |
Cash and cash equivalents at end of year | $ | 129,164 |  |  | $ | 29,467 |  |  | $ | 44,581 |

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