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Renasant Corporation (Parent Company Only) Condensed Financial Information
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Renasant Corporation (Parent Company Only) Condensed Financial Information
Renasant Corporation (Parent Company Only) Condensed Financial Information
(In Thousands)
Balance Sheets
  
December 31,
 
2014
 
2013
Assets
 
 
 
Cash and cash equivalents(1)
$
9,968

 
$
9,723

Investments
8,050

 
7,315

Investment in bank subsidiary(2)
786,125

 
739,688

Accrued interest receivable on bank balances(2)
5

 
6

Stock options (payable) receivable(2)
(577
)
 
1,967

Other assets
5,945

 
4,637

Total assets
$
809,516

 
$
763,336

Liabilities and shareholders’ equity
 
 
 
Junior subordinated debentures
$
94,574

 
$
94,187

Intercompany borrowed funds(2)
—

 
1,500

Accrued interest payable on intercompany borrowed funds(2)
—

 
25

Other liabilities
3,291

 
1,972

Shareholders’ equity
711,651

 
665,652

Total liabilities and shareholders’ equity
$
809,516

 
$
763,336

(1)
Eliminates in consolidation, except for $1,970 which is pledged as collateral and held at a non-subsidiary bank.
(2)
Eliminates in consolidation
Statements of Income

  
Year Ended December 31,
 
2014
 
2013
 
2012
Income
 
 
 
 
 
Dividends from bank subsidiary(1)
$
21,518

 
$
19,303

 
$
18,117

Interest income from bank subsidiary(1)
8

 
10

 
16

Other dividends
749

 
492

 
114

Other income
71

 
39

 
22

Total income
22,346

 
19,844

 
18,269

Expenses
5,513

 
3,892

 
3,190

Income before income tax benefit and equity in undistributed net income of bank subsidiary
16,833

 
15,952

 
15,079

Income tax benefit
(1,846
)
 
(1,352
)
 
(1,160
)
Equity in undistributed net income of bank subsidiary(1)
40,903

 
16,183

 
10,398

Net income
$
59,582

 
$
33,487

 
$
26,637

(1)
Eliminates in consolidation
 
Statements of Cash Flows
 
  
Year Ended December 31,
 
2014
 
2013
 
2012
Operating activities
 
 
 
 
 
Net income
$
59,582

 
$
33,487

 
$
26,637

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Gain on sale of securities
(375
)
 
—

 
—

Equity in undistributed net income of bank subsidiary
(40,903
)
 
(16,183
)
 
(10,398
)
Amortization/depreciation/accretion
385

 
21

 
(161
)
Decrease (increase) in other assets
1,345

 
1,969

 
(418
)
Increase (decrease) in other liabilities
2,591

 
(122
)
 
2,139

Net cash provided by operating activities
22,625

 
19,172

 
17,799

Investing activities
 
 
 
 
 
Purchases of securities held to maturity and available for sale
(1,781
)
 
(1,420
)
 
(3,515
)
Sales and maturities of securities held to maturity and available for sale
1,142

 
3,000

 
—

Net cash received in acquisition
—

 
3,917

 
—

Other investing activities
(64
)
 
—

 
—

Net cash (used in) provided by investing activities
(703
)
 
5,497

 
(3,515
)
Financing activities
 
 
 
 
 
Cash paid for dividends
(21,518
)
 
(19,303
)
 
(17,117
)
Cash received on exercise of stock-based compensation
401

 
276

 
548

Excess tax benefits (expense) from exercise of stock options
940

 
198

 
(56
)
(Repayments of) proceeds from advances from bank subsidiary
(1,500
)
 
—

 
1,500

Net cash used in financing activities
(21,677
)
 
(18,829
)
 
(15,125
)
Increase (decrease) in cash and cash equivalents
245

 
5,840

 
(841
)
Cash and cash equivalents at beginning of year
9,723

 
3,883

 
4,724

Cash and cash equivalents at end of year
$
9,968

 
$
9,723

 
$
3,883