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Employee Benefit and Deferred Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2017
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
 
March 31,
 
March 31,
 
March 31,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$

 
$

 
$

 
$

 
$
3

 
$
4

Interest cost
293

 
306

 

 
69

 
13

 
14

Expected (return) on plan assets
(484
)
 
(469
)
 

 
(45
)
 

 

Prior service cost recognized

 

 

 

 

 

Recognized actuarial loss
100

 
100

 

 

 
13

 
17

Settlement/curtailment/termination gains

 

 

 

 

 

Net periodic benefit (return) cost
$
(91
)
 
$
(63
)
 
$

 
$
24

 
$
29

 
$
35

Schedule of other share-based compensation activity
The following table summarizes the changes in stock options as of and for the three months ended March 31, 2017:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
185,625

 
$
15.97

Granted
 

 

Exercised
 
(43,250
)
 
15.69

Forfeited
 

 

Options outstanding at end of period
 
142,375

 
$
16.06

The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2017:

 
 
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
 

 
$

 
117,345

 
$
31.76

Awarded
 
54,450

 
42.22

 
75,725

 
42.22

Vested
 

 

 
(30,500
)
 
31.65

Cancelled
 

 

 

 

Nonvested at end of period
 
54,450

 
$
42.22

 
162,570

 
$
36.65