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Employee Benefit and Deferred Compensation Plans | 9 Months Ended
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Sep. 30, 2022
Retirement Benefits [Abstract] |
Employee Benefit and Deferred Compensation Plans | Employee Benefit and Deferred Compensation Plans (In Thousands, Except Share Data) Pension and Post-retirement Medical Plans The Company sponsors a noncontributory defined benefit pension plan, under which participation and benefit accruals ceased as of December 31, 1996, and it provides retiree medical benefits, consisting of the opportunity to purchase coverage at subsidized rates under the Company’s group medical plan. 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
| September 30, |  |  |  | September 30,
| 2022 |  | 2021 |  |  |  |  |  | 2022 |  | 2021
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 1 |  |  | $ | 2 |
Interest cost | 185 |  |  | 171 |  |  |  |  |  |  | 3 |  |  | 4 |
Expected return on plan assets | (421) |  |  | (442) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 60 |  |  | 67 |  |  |  |  |  |  | (19) |  |  | — |
Net periodic (return) benefit cost | $ | (176) |  |  | $ | (204) |  |  |  |  |  |  | $ | (15) |  |  | $ | 6 |
| Pension Benefits |  |  |  | Other Benefits
| Nine Months Ended |  |  |  | Nine Months Ended
| September 30, |  |  |  | September 30,
| 2022 |  | 2021 |  |  |  |  |  | 2022 |  | 2021
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 3 |  |  | $ | 4 |
Interest cost | 554 |  |  | 512 |  |  |  |  |  |  | 9 |  |  | 11 |
Expected return on plan assets | (1,263) |  |  | (1,326) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 182 |  |  | 199 |  |  |  |  |  |  | (57) |  |  | (2) |
Net periodic (return) benefit cost | $ | (527) |  |  | $ | (615) |  |  |  |  |  |  | $ | (45) |  |  | $ | 13 |
Incentive Compensation Plans The Company maintains a long-term equity compensation plan that provides for the grant of stock options and the award of restricted stock. There were no stock options granted, nor compensation expense associated with options recorded, during the nine months ended September 30, 2022 or 2021. There were no stock options outstanding as of September 30, 2022.
The Company also awards performance-based restricted stock to executives and other officers and employees and time-based restricted stock to non-employee directors, executives, and other officers and employees. The following table summarizes the changes in restricted stock as of and for the nine months ended September 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 |  |  | 295,406 |  |  | 37.51 |
Vested |  | — |  |  | — |  |  | (222,283) |  |  | 32.81 |
Cancelled |  | (5,465) |  |  | 37.26 |  |  | (23,461) |  |  | 37.23 |
Nonvested at end of period |  | 204,404 |  |  | $ | 35.83 |  |  | 653,376 |  |  | $ | 36.32 |
During the nine months ended September 30, 2022, the Company reissued 187,951 shares from treasury in connection with awards of restricted stock. The Company recorded total stock-based compensation expense of $2,268 and $2,595 for the three months ended September 30, 2022 and 2021, respectively, and $8,558 and $7,736 for the nine months ended September 30, 2022, respectively.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI https://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI https://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI https://asc.fasb.org/topic&trid=2235017 + Details
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