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Renasant Corporation (Parent Company Only) Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Balance Sheets
Balance Sheets
  
December 31,
 
2015
 
2014
Assets
 
 
 
Cash and cash equivalents(1)
$
11,107

 
$
9,968

Investments
9,711

 
8,050

Investment in bank subsidiary(2)
1,101,580

 
786,125

Accrued interest receivable on bank balances(2)
5

 
5

Intercompany receivable (payable)(2)
2,450

 
(577
)
Other assets
10,560

 
5,945

Total assets
$
1,135,413

 
$
809,516

Liabilities and shareholders’ equity
 
 
 
Junior subordinated debentures
$
95,095

 
$
94,574

Other liabilities
3,500

 
3,291

Shareholders’ equity
1,036,818

 
711,651

Total liabilities and shareholders’ equity
$
1,135,413

 
$
809,516

(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
Statements of Income

  
Year Ended December 31,
 
2015
 
2014
 
2013
Income
 
 
 
 
 
Dividends from bank subsidiary(1)
$
24,557

 
$
21,518

 
$
19,303

Interest income from bank subsidiary(1)
7

 
8

 
10

Other dividends
266

 
749

 
492

Other income
58

 
71

 
39

Total income
24,888

 
22,346

 
19,844

Expenses
6,823

 
5,513

 
3,892

Income before income tax benefit and equity in undistributed net income of bank subsidiary
18,065

 
16,833

 
15,952

Income tax benefit
(2,521
)
 
(1,846
)
 
(1,352
)
Equity in undistributed net income of bank subsidiary(1)
47,428

 
40,903

 
16,183

Net income
$
68,014

 
$
59,582

 
$
33,487

(1)
Eliminates in consolidation
Statements of Cash Flows
Statements of Cash Flows
 
  
Year Ended December 31,
 
2015
 
2014
 
2013
Operating activities
 
 
 
 
 
Net income
$
68,014

 
$
59,582

 
$
33,487

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
(47,428
)
 
(40,903
)
 
(16,183
)
Amortization/depreciation/accretion
579

 
385

 
21

(Increase) decrease in other assets
(1,377
)
 
1,345

 
1,969

Increase (decrease) in other liabilities
1,088

 
2,591

 
(122
)
Net cash provided by operating activities
20,876

 
22,625

 
19,172

Investing activities
 
 
 
 
 
Purchases of securities held to maturity and available for sale
(2,183
)
 
(1,781
)
 
(1,420
)
Sales and maturities of securities held to maturity and available for sale
1,089

 
1,142

 
3,000

Net cash received in acquisition
5,292

 

 
3,917

Other investing activities

 
(64
)
 

Net cash (used in) provided by investing activities
4,198

 
(703
)
 
5,497

Financing activities
 
 
 
 
 
Cash paid for dividends
(24,557
)
 
(21,518
)
 
(19,303
)
Cash received on exercise of stock-based compensation
102

 
401

 
276

Excess tax benefits from exercise of stock options
520

 
940

 
198

Repayments of advances from bank subsidiary

 
(1,500
)
 

Net cash used in financing activities
(23,935
)
 
(21,677
)
 
(18,829
)
Increase in cash and cash equivalents
1,139

 
245

 
5,840

Cash and cash equivalents at beginning of year
9,968

 
9,723

 
3,883

Cash and cash equivalents at end of year
$
11,107

 
$
9,968

 
$
9,723