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Employee Benefit and Deferred Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2017
Retirement Benefits [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
 
September 30,
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$

 
$

 
$

 
$

 
$
2

 
$
1

Interest cost
292

 
304

 

 
34

 
11

 
14

Expected return on plan assets
(485
)
 
(468
)
 

 
(23
)
 

 

Recognized actuarial loss
101

 
101

 

 

 
2

 
23

Settlement/curtailment/termination gains

 

 

 
(780
)
 

 

Net periodic benefit (return) cost
$
(92
)
 
$
(63
)
 
$

 
$
(769
)
 
$
15

 
$
38

 
Pension Benefits
 
Pension Benefits
 
 
 
Renasant
 
HeritageBank
 
Other Benefits
 
Nine Months Ended
 
Nine Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$

 
$

 
$

 
$

 
$
6

 
$
9

Interest cost
876

 
912

 

 
172

 
32

 
43

Expected return on plan assets
(1,456
)
 
(1,404
)
 

 
(113
)
 

 

Recognized actuarial loss
301

 
303

 

 

 
5

 
57

Settlement/curtailment/termination gains

 

 

 
(780
)
 

 

Net periodic benefit (return) cost
$
(279
)
 
$
(189
)
 
$

 
$
(721
)
 
$
43

 
$
109

Summary of the changes in stock options and restricted stock
The following table summarizes the changes in stock options as of and for the nine months ended September 30, 2017:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
185,625

 
$
15.97

Granted
 

 

Exercised
 
(93,625
)
 
16.22

Forfeited
 

 

Options outstanding at end of period
 
92,000

 
$
15.72

The following table summarizes the changes in restricted stock as of and for the nine months ended September 30, 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

 
153,270

 
42.81

Vested
 

 

 
(43,305
)
 
32.36

Cancelled
 
(2,000
)
 
42.22

 
(5,460
)
 
37.74

Nonvested at end of period
 
52,450

 
$
42.22

 
221,850

 
$
39.13