XML 76 R54.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Renasant Corporation (Parent Company Only) Condensed Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Balance Sheets | Balance Sheets
| December 31,
| 2023 |  | 2022
Assets |  |  |
Cash and cash equivalents(1) | $ | 169,597 |  |  | $ | 167,727 |
Investments | — |  |  | — |
Investment in bank subsidiary(2) | 2,541,195 |  |  | 2,391,721 |
Accrued interest receivable on bank balances(2) | 27 |  |  | 3 |
Other assets | 37,268 |  |  | 28,468 |
Total assets | $ | 2,748,087 |  |  | $ | 2,587,919 |
Liabilities and shareholders’ equity |  |  |
Junior subordinated debentures | $ | 112,978 |  |  | $ | 112,042 |
Subordinated notes | 316,422 |  |  | 316,091 |
Other liabilities | 21,304 |  |  | 23,770 |
Shareholders’ equity | 2,297,383 |  |  | 2,136,016 |
Total liabilities and shareholders’ equity | $ | 2,748,087 |  |  | $ | 2,587,919 |
(1)Eliminates in consolidation, with the exception of $1,987 and $1,889 in 2023 and 2022, respectively, pledged for collateral and held at non-subsidiary bank (2)Eliminates in consolidation
Schedule of Statements of Income | Statements of Income
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Income |  |  |  |  |
Dividends from bank subsidiary(1) | $ | 72,042 |  |  | $ | 68,114 |  |  | $ | 80,965 |
Interest income from bank subsidiary(1) | 28 |  |  | 5 |  |  | 7 |
Other dividends | 260 |  |  | 134 |  |  | 80 |
Other income | 919 |  |  | 85 |  |  | 32 |
Total income | 73,249 |  |  | 68,338 |  |  | 81,084 |
Expenses | 30,544 |  |  | 24,264 |  |  | 18,661 |
Income before income tax benefit and equity in undistributed net income of bank subsidiary | 42,705 |  |  | 44,074 |  |  | 62,423 |
Income tax benefit | (7,577) |  |  | (6,231) |  |  | (4,795) |
Equity in undistributed net income of bank subsidiary(1) | 94,396 |  |  | 115,763 |  |  | 108,674 |
Net income | $ | 144,678 |  |  | $ | 166,068 |  |  | $ | 175,892 |
(1)Eliminates in consolidation
Schedule of Statements of Cash Flows | Statements of Cash Flows
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Operating activities |  |  |  |  |
Net income | $ | 144,678 |  |  | $ | 166,068 |  |  | $ | 175,892 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed net income of bank subsidiary | (94,396) |  |  | (115,763) |  |  | (108,674) |
Amortization/depreciation | 1,770 |  |  | 1,478 |  |  | 891 |
(Decrease) increase in other assets | (8,824) |  |  | 284 |  |  | (5,628) |
Increase in other liabilities | 8,921 |  |  | 9,225 |  |  | 6,952 |
Net cash provided by operating activities | 52,149 |  |  | 61,292 |  |  | 69,433 |
Investing activities |  |  |  |  |
Sales and maturities of securities and available for sale | — |  |  | 2,000 |  |  | 5,100 |
Other investing activities | — |  |  | — |  |  | (100,000) |
Net cash provided by (used in) investing activities | — |  |  | 2,000 |  |  | (94,900) |
Financing activities |  |  |  |  |
Cash paid for dividends | (50,279) |  |  | (49,991) |  |  | (50,017) |
Repurchase of shares in connection with stock repurchase program | — |  |  | — |  |  | (21,315) |
Repayment of long-term debt | — |  |  | (30,000) |  |  | (45,000) |
Proceeds from issuance of long-term debt | — |  |  | — |  |  | 197,061 |
Net cash (used in) provided by financing activities | (50,279) |  |  | (79,991) |  |  | 80,729 |
Increase (decrease) in cash and cash equivalents | 1,870 |  |  | (16,699) |  |  | 55,262 |
Cash and cash equivalents at beginning of year | 167,727 |  |  | 184,426 |  |  | 129,164 |
Cash and cash equivalents at end of year | $ | 169,597 |  |  | $ | 167,727 |  |  | $ | 184,426 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration