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Employee Benefit and Deferred Compensation Plans (Tables) | 6 Months Ended
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Jun. 30, 2021
Retirement Benefits [Abstract] |
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans | Information related to the defined benefit pension plan maintained by Renasant Bank (“Pension Benefits”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows:
| Pension Benefits |  |  |  | Other Benefits
| Three Months Ended |  |  |  | Three Months Ended
| June 30, |  |  |  | June 30,
| 2021 |  | 2020 |  |  |  |  |  | 2021 |  | 2020
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 175 |  |  | 250 |  |  |  |  |  |  | 3 |  |  | 2 |
Expected return on plan assets | (441) |  |  | (413) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 78 |  |  | 96 |  |  |  |  |  |  | (2) |  |  | (27) |
Net periodic (return) benefit cost | $ | (188) |  |  | $ | (67) |  |  |  |  |  |  | $ | 2 |  |  | $ | (24) |
| Pension Benefits |  |  |  | Other Benefits
| Six Months Ended |  |  |  | Six Months Ended
| June 30, |  |  |  | June 30,
| 2021 |  | 2020 |  |  |  |  |  | 2021 |  | 2020
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 2 |  |  | $ | 3 |
Interest cost | 341 |  |  | 492 |  |  |  |  |  |  | 7 |  |  | 7 |
Expected return on plan assets | (884) |  |  | (826) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 132 |  |  | 175 |  |  |  |  |  |  | (2) |  |  | (45) |
Net periodic (return) benefit cost | $ | (411) |  |  | $ | (159) |  |  |  |  |  |  | $ | 7 |  |  | $ | (35) |
Summary of the changes in stock options and restricted stock | The following table summarizes information about options outstanding, exercised and forfeited as of and for the six months ended June 30, 2021:
|  | Shares |  | Weighted Average Exercise Price
Options outstanding at beginning of period |  | 10,500 |  |  | $ | 14.96 |
Granted |  | — |  |  | — |
Exercised |  | (5,000) |  |  | 14.96 |
Forfeited |  | — |  |  | — |
Options outstanding at end of period |  | 5,500 |  |  | $ | 14.96 |
The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2021:
|  | Performance-Based Restricted Stock |  | Weighted Average Grant-Date Fair Value |  | Time-Based Restricted Stock |  | Weighted Average Grant-Date Fair Value
Nonvested at beginning of period |  | 132,827 |  |  | $ | 32.88 |  |  | 548,416 |  |  | $ | 34.15 |
Awarded |  | 78,230 |  |  | 34.02 |  |  | 250,483 |  |  | 37.24 |
Vested |  | — |  |  | — |  |  | (126,121) |  |  | 37.20 |
Cancelled |  | — |  |  | — |  |  | (53,007) |  |  | 37.67 |
Nonvested at end of period |  | 211,057 |  |  | $ | 33.30 |  |  | 619,771 |  |  | $ | 34.48 |

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