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v3.23.2

Employee Benefit and Deferred Compensation Plans (Tables) | 6 Months Ended
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Jun. 30, 2023
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,
| 2023 |  | 2022 |  |  |  |  |  | 2023 |  | 2022
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 1 |
Interest cost | 248 |  |  | 185 |  |  |  |  |  |  | 5 |  |  | 3 |
Expected return on plan assets | (309) |  |  | (421) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 131 |  |  | 61 |  |  |  |  |  |  | (16) |  |  | (19) |
Net periodic benefit cost (return) | $ | 70 |  |  | $ | (175) |  |  |  |  |  |  | $ | (11) |  |  | $ | (15) |
| Pension Benefits |  |  |  | Other Benefits
| Six Months Ended |  |  |  | Six Months Ended
| June 30, |  |  |  | June 30,
| 2023 |  | 2022 |  |  |  |  |  | 2023 |  | 2022
Service cost | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | 2 |
Interest cost | 497 |  |  | 369 |  |  |  |  |  |  | 11 |  |  | 6 |
Expected return on plan assets | (618) |  |  | (842) |  |  |  |  |  |  | — |  |  | — |
Recognized actuarial loss (gain) | 262 |  |  | 122 |  |  |  |  |  |  | (31) |  |  | (38) |
Net periodic benefit cost (return) | $ | 141 |  |  | $ | (351) |  |  |  |  |  |  | $ | (20) |  |  | $ | (30) |
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, 2023:
|  | 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 |  | 155,838 |  |  | $ | 36.23 |  |  | 680,403 |  |  | $ | 36.23 |
Awarded |  | 81,867 |  |  | 35.57 |  |  | 334,467 |  |  | 35.52 |
Vested |  | — |  |  | — |  |  | (199,122) |  |  | 35.37 |
Cancelled |  | — |  |  | — |  |  | (28,999) |  |  | 35.49 |
Nonvested at end of period |  | 237,705 |  |  | $ | 36.01 |  |  | 786,749 |  |  | $ | 36.17 |

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