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v3.22.2

Employee Benefit and Deferred Compensation Plans (Tables) | 6 Months Ended
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Jun. 30, 2022
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,
| 2022 |  | 2021 |  |  |  |  |  | 2022 |  | 2021
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 185 |  |  | 175 |  |  |  |  |  |  | 3 |  |  | 3 |
Expected return on plan assets | (421) |  |  | (441) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 61 |  |  | 78 |  |  |  |  |  |  | (19) |  |  | (2) |
Net periodic (return) benefit cost | $ | (175) |  |  | $ | (188) |  |  |  |  |  |  | $ | (15) |  |  | $ | 2 |
| Pension Benefits |  |  |  | Other Benefits
| Six Months Ended |  |  |  | Six Months Ended
| June 30, |  |  |  | June 30,
| 2022 |  | 2021 |  |  |  |  |  | 2022 |  | 2021
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 2 |  |  | $ | 2 |
Interest cost | 369 |  |  | 341 |  |  |  |  |  |  | 6 |  |  | 7 |
Expected return on plan assets | (842) |  |  | (884) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 122 |  |  | 132 |  |  |  |  |  |  | (38) |  |  | (2) |
Net periodic (return) benefit cost | $ | (351) |  |  | $ | (411) |  |  |  |  |  |  | $ | (30) |  |  | $ | 7 |
Summary of the changes in stock options and restricted stock | The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2022:
|  | 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 |  | 146,561 |  |  | $ | 34.67 |  |  | 603,714 |  |  | $ | 34.48 |
Awarded |  | 63,308 |  |  | 38.62 |  |  | 274,053 |  |  | 37.84 |
Vested |  | — |  |  | — |  |  | (192,299) |  |  | 32.84 |
Cancelled |  | — |  |  | — |  |  | (15,657) |  |  | 37.28 |
Nonvested at end of period |  | 209,869 |  |  | $ | 35.86 |  |  | 669,811 |  |  | $ | 36.26 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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