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Employee Benefit and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Information relating to the defined benefit pension plan and post-retirement health and life plans
Information relating to the legacy Renasant defined benefit pension plan (“Pension Benefits - Renasant”), the assumed HeritageBank defined benefit pension plan (“Pension Benefits - HeritageBank”) and post-retirement health and life plan (“Other Benefits”) as of December 31, 2015 and 2014 is as follows:
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank
 
Other Benefits
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Change in benefit obligation
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
28,087

 
$
27,364

 
$
—

 
$
—

 
$
1,941

 
$
2,082

Service cost
—

 
—

 
—

 
—

 
17

 
14

Interest cost
1,095

 
1,292

 
305

 
—

 
60

 
84

Plan participants’ contributions
—

 
—

 
—

 
—

 
82

 
77

Actuarial loss (gain)
605

 
2,601

 
(685
)
 
—

 
(37
)
 
(118
)
Benefits paid
(1,931
)
 
(3,170
)
 
(15
)
 
—

 
(359
)
 
(198
)
Settlements
—

 
—

 
(2,187
)
 
—

 
—

 
—

Addition from business combination
—

 
—

 
15,495

 
—

 
—

 
—

Benefit obligation at end of year
$
27,856

 
$
28,087

 
$
12,913

 
$
—

 
$
1,704

 
$
1,941

Change in fair value of plan assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
26,532

 
$
27,989

 
$
—

 
$
—

 
 
 
 
Actual return on plan assets
(167
)
 
1,713

 
(21
)
 
—

 
 
 
 
Contribution by employer
—

 
—

 
—

 
—

 
 
 
 
Benefits paid
(1,931
)
 
(3,170
)
 
(15
)
 
—

 
 
 
 
Settlements
 
 
 
 
(2,187
)
 
—

 
 
 
 
Addition from business combination
—

 
—

 
14,681

 
—

 
 
 
 
Fair value of plan assets at end of year
$
24,434

 
$
26,532

 
$
12,458

 
$
—

 
 
 
 
Funded status at end of year
$
(3,422
)
 
$
(1,555
)
 
$
(455
)
 
$
—

 
$
(1,704
)
 
$
(1,941
)
Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine the benefit obligation
4.56
%
 
4.00
%
 
4.27
%
 
N/A

 
3.63
%
 
3.22
%
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
The components of net periodic benefit cost and other amounts recognized in other comprehensive income for the defined benefit pension and post-retirement health and life plans for the year ended December 31, 2015, 2014 and 2013 are as follows: 
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank(1)
 
Other Benefits
 
2015
 
2014
 
2013
 
2015
 
2015
 
2014
 
2013
Service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
17

 
$
14

 
$
28

Interest cost
1,095

 
1,292

 
899

 
305

 
60

 
84

 
70

Expected return on plan assets
(2,040
)
 
(2,160
)
 
(1,445
)
 
(216
)
 
—

 
—

 
—

Prior service cost recognized
—

 
—

 
—

 
—

 
—

 
—

 
—

Recognized actuarial loss
331

 
207

 
427

 
—

 
101

 
89

 
195

Settlement/curtailment/termination losses
—

 
453

 
—

 
(65
)
 
—

 
—

 
—

Net periodic benefit cost
(614
)
 
(208
)
 
(119
)
 
24

 
178

 
187

 
293

Net actuarial loss/(gain) arising during the period
2,812

 
3,047

 
(3,675
)
 
(448
)
 
(37
)
 
(118
)
 
505

Net Settlement/curtailment/termination losses
—

 
(453
)
 
—

 
65

 
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
(331
)
 
(207
)
 
(427
)
 
—

 
(101
)
 
(89
)
 
(195
)
Total recognized in other comprehensive income
2,481

 
2,387

 
(4,102
)
 
(383
)
 
(138
)
 
(207
)
 
310

Total recognized in net periodic benefit cost and other comprehensive income
$
1,867

 
$
2,179

 
$
(4,221
)
 
$
(359
)
 
$
40

 
$
(20
)
 
$
603

Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine net periodic pension cost
4.00
%
 
4.83
%
 
3.90
%
 
4.00
%
 
3.22
%
 
4.66
%
 
3.04
%
Expected return on plan assets
8.00
%
 
8.00
%
 
8.00
%
 
3.00
%
 
N/A

 
N/A

 
N/A
Future estimated benefit payments under the defined benefit pension plan and post-retirement health and life plan
Future estimated benefit payments under the defined benefit pension plans and post-retirement health and life plan are as follows:
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank
 
Other
Benefits
2016
$
2,005

 
$
12,913

 
$
251

2017
2,002

 
—

 
249

2018
2,011

 
—

 
249

2019
2,013

 
—

 
212

2020
2,006

 
—

 
190

2021 - 2025
9,676

 
—

 
746
Amounts recognized in accumulated other comprehensive income, net of tax
Amounts recognized in accumulated other comprehensive income, before tax, for the year ended December 31, 2015 are as follows:
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank
 
Other
Benefits
Prior service cost
$
—

 
$
—

 
$
—

Actuarial loss
11,915

 
(383
)
 
550

Total
$
11,915

 
$
(383
)
 
$
550
Estimated costs that will be amortized from accumulated other comprehensive income into net periodic cost
The estimated costs that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are as follows:
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank
 
Other
Benefits
Prior service cost
$
—

 
$
—

 
$
—

Actuarial loss
400

 
—

 
68

Total
$
400

 
$
—

 
$
68
Fair values of defined benefit pension plan assets by category of the firm
The fair values of these instruments are based on quoted market prices of similar instruments or a discounted cash flow model (Level 2).
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Totals
December 31, 2015
 
 
 
 
 
 
 
Cash and cash equivalents
$
13,927

 
$
—

 
$
—

 
$
13,927

Equity securities:
 
 
 
 
 
 
 
U.S. large cap companies
9,277

 
—

 
—

 
9,277

U.S. mid cap companies
5,085

 
—

 
—

 
5,085

U.S. small cap companies
1,516

 
—

 
—

 
1,516

International companies
1,505

 
—

 
—

 
1,505

Investments in registered investment companies
848

 
—

 
—

 
848

Fixed income securities:
 
 
 
 
 
 
 
U.S. government bonds
—

 
1,883

 
—

 
1,883

Corporate bonds
—

 
2,750

 
—

 
2,750

Municipal obligations
—

 
101

 
—

 
101

 
$
32,158

 
$
4,734

 
$
—

 
$
36,892

 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Totals
December 31, 2014
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,882

 
$
—

 
$
—

 
$
1,882

Equity securities:
 
 
 
 
 
 
 
U.S. large cap companies
9,144

 
—

 
—

 
9,144

U.S. mid cap companies
5,210

 
—

 
—

 
5,210

U.S. small cap companies
2,791

 
—

 
—

 
2,791

International companies
1,489

 
—

 
—

 
1,489

Investments in registered investment companies
898

 
—

 
—

 
898

Fixed income securities:
 
 
 
 
 
 
 
U.S. government bonds
—

 
2,003

 
—

 
2,003

Corporate bonds
—

 
3,008

 
—

 
3,008

Municipal obligations
—

 
107

 
—

 
107

 
$
21,414

 
$
5,118

 
$
—

 
$
26,532
Stock option grants assumptions
The fair value of the options granted during the year ended December 31, 2013 was estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions:
 
2013 Grant
Dividend yield
3.55
%
Expected volatility
37
%
Risk-free interest rate
0.76
%
Expected lives
6 years

Weighted average fair value
$
4.47
Summarizes information about options issued under the long-term equity incentive plan
The following table summarizes information about options issued under the long-term equity incentive plan as of and for the three years ended December 31, 2015: 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2013
1,279,248

 
$
18.79

 
 
 
 
Assumed in acquisition
11,557

 
21.16

 
 
 
 
Granted
52,500

 
19.14

 
 
 
 
Exercised
(272,957
)
 
19.22

 
 
 
 
Forfeited
(10,000
)
 
27.20

 
 
 
 
Outstanding at December 31, 2013
1,060,348

 
$
18.64

 
4.89
 
$
13,592

Exercisable at December 31, 2013
843,237

 
$
19.21

 
4.08
 
$
10,331

Granted
—

 
—

 
 
 
 
Exercised
(227,499
)
 
18.39

 
 
 
 
Forfeited
(1,899
)
 
20.77

 
 
 
 
Outstanding at December 31, 2014
830,950

 
$
18.70

 
4.48
 
$
8,680

Exercisable at December 31, 2014
745,949

 
$
18.95

 
4.15
 
$
7,628

Granted
—

 
—

 
 
 
 
Exercised
(201,371
)
 
20.82

 
 
 
 
Forfeited
(8,133
)
 
29.45

 
 
 
 
Outstanding at December 31, 2015
621,446

 
$
17.88

 
3.91
 
$
10,274

Exercisable at December 31, 2015
606,027

 
$
17.85

 
3.83
 
$
10,038
Summary of the changes in restricted stock
The following table summarizes the changes in restricted stock as of and for the year ended December 31, 2015:
 
Performance-
Based
Restricted
Stock
 
Weighted
Average
Grant-Date
Fair Value
 
Time-
Based
Restricted
Stock
 
Weighted
Average
Grant-Date
Fair Value
Nonvested at beginning of year
—

 
$
—

 
38,336

 
$
27.26

Granted
97,666

 
28.93

 
103,588

(2) 
31.56

Vested
(94,916
)
(1) 
28.93

 
(32,236
)
 
29.54

Cancelled
(2,750
)
 
28.93

 
(4,250
)
 
25.54

Nonvested at end of year
—

 
$
—

 
105,438

 
$
31.04

(1) In January 2015, the Company awarded 81,750 shares of performance-based restricted stock based on the target level of performance goals of which 2,750 were cancelled prior to the attainment of performance goals. The Company exceeded the financial performance measures for the award; therefore, an additional 15,916 shares were issued for a total award of 94,916 shares.