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Employee Benefit and Deferred Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans
The plan expense for the legacy Renasant defined benefit pension plan (“Pension Benefits - Renasant”), the assumed HeritageBank defined pension plan (“Pension Benefits - HeritageBank”) and post-retirement health and life plans (“Other Benefits”) for the periods presented was as follows:
 
Pension Benefits
 
Pension Benefits
 
 
 
Renasant
 
HeritageBank
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
June 30,
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost (return)
$

 
$

 
$

 
$

 
$
4

 
$
4

Interest cost (return)
302

 
274

 
69

 

 
15

 
15

Expected (return) on plan assets
(467
)
 
(510
)
 
(45
)
 

 

 

Prior service cost recognized

 

 

 

 

 

Recognized actuarial loss (gain)
102

 
83

 

 

 
17

 
26

Net periodic benefit cost (return)
$
(63
)
 
$
(153
)
 
$
24

 
$

 
$
36

 
$
45


 
Pension Benefits
 
Pension Benefits
 
 
 
Renasant
 
HeritageBank
 
Other Benefits
 
Six Months Ended
 
Six Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost
$

 
$

 
$

 
$

 
$
8

 
$
8

Interest cost
608

 
545

 
138

 

 
29

 
30

Expected return on plan assets
(936
)
 
(1,021
)
 
(90
)
 

 

 

Prior service cost recognized

 

 

 

 

 

Recognized actuarial loss
202

 
156

 

 

 
34

 
46

Net periodic benefit (return) cost
$
(126
)
 
$
(320
)
 
$
48

 
$

 
$
71

 
$
84

Schedule of other share-based compensation activity
The following table summarizes the changes in stock options as of and for the six months ended June 30, 2016:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
621,444

 
$
17.88

Granted
 

 

Exercised
 
(118,160
)
 
20.59

Forfeited
 
(642
)
 
29.67

Options outstanding at end of period
 
502,642

 
$
17.23

The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2016:

 
 
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
 

 
$

 
105,438

 
$
31.04

Awarded
 
61,700

 
31.12

 
52,005

 
31.74

Vested
 

 

 
(9,138
)
 
30.64

Cancelled
 

 

 
(17,200
)
 
32.44

Nonvested at end of period
 
61,700

 
$
31.12

 
131,105

 
$
31.16