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Employee Benefit and Deferred Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2018
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”) and post-retirement health and life plans (“Other Benefits”) for the periods presented was as follows:
 
Pension Benefits
 
 
 
Renasant
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2018
 
2017
 
2018
 
2017
Service cost
$

 
$

 
$
2

 
$
3

Interest cost
266

 
293

 
9

 
13

Expected return on plan assets
(518
)
 
(484
)
 

 

Recognized actuarial loss
87

 
100

 

 
13

Settlement/curtailment/termination gains

 

 

 

Net periodic benefit (return) cost
$
(165
)
 
$
(91
)
 
$
11

 
$
29

 
 
 
 
 
 
 
 
 
 
 
 
Summary of the changes in stock options and restricted stock
The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2018:

 
 
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
 

 
$

 
218,075

 
$
39.08

Awarded
 
95,183

 
40.89

 
110,833

 
40.93

Vested
 

 

 
(35,099
)
 
35.61

Cancelled
 

 

 
(7,501
)
 
42.99

Nonvested at end of period
 
95,183

 
$
40.89

 
286,308

 
$
40.12

The following table summarizes the changes in stock options as of and for the three months ended March 31, 2018:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
89,750

 
$
15.67

Granted
 

 

Exercised
 
(27,000
)
 
15.76

Forfeited
 

 

Options outstanding at end of period
 
62,750

 
$
15.64