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Employee Benefit and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Information relating to the defined benefit pension plan and post-retirement health and life plans
Information relating to the defined benefit pension plan maintained by the Renasant Bank (“Pension Benefits - Renasant”) and to the post-retirement health and life plan (“Other Benefits”) as of December 31, 2018 and 2017 is as follows:
 
Pension Benefits Renasant
 
Other Benefits
 
2018
 
2017
 
2018
 
2017
Change in benefit obligation
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
27,859

 
$
28,012

 
$
1,170

 
$
1,566

Service cost
—

 
—

 
8

 
9

Interest cost
1,043

 
1,168

 
31

 
42

Plan participants’ contributions
—

 
—

 
75

 
77

Actuarial (gain) loss
(2,016
)
 
582

 
(239
)
 
(328
)
Benefits paid
(1,941
)
 
(1,903
)
 
(164
)
 
(196
)
Benefit obligation at end of year
$
24,945

 
$
27,859

 
$
881

 
$
1,170

Change in fair value of plan assets
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
26,913

 
$
25,241

 
 
 
 
Actual return on plan assets
234

 
3,575

 
 
 
 
Contribution by employer
—

 
—

 
 
 
 
Benefits paid
(1,941
)
 
(1,903
)
 
 
 
 
Fair value of plan assets at end of year
$
25,206

 
$
26,913

 
 
 
 
Funded status at end of year
$
261

 
$
(946
)
 
$
(881
)
 
$
(1,170
)
Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
Discount rate used to determine the benefit obligation
4.56
%
 
3.96
%
 
4.07
%
 
3.37
%
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
The components of net periodic benefit cost and other amounts recognized in other comprehensive income for the defined benefit pension and post-retirement health and life plans for the years ended December 31, 2018, 2017 and 2016 are as follows: 
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank(1)
 
Other Benefits
 
2018
 
2017
 
2016
 
2016
 
2018
 
2017
 
2016
Service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
8

 
$
9

 
$
12

Interest cost
1,043

 
1,168

 
1,216

 
172

 
31

 
42

 
58

Expected return on plan assets
(2,077
)
 
(1,941
)
 
(1,872
)
 
(113
)
 
—

 
—

 
—

Prior service cost recognized
—

 
—

 
—

 
—

 
—

 
—

 
—

Recognized actuarial loss
328

 
401

 
404

 
—

 
—

 
6

 
76

Settlement/curtailment/termination losses
—

 
—

 
—

 
(780
)
 
—

 
—

 
—

Net periodic benefit cost
(706
)
 
(372
)
 
(252
)
 
(721
)
 
39

 
57

 
146

Net actuarial (gain) loss arising during the period
(173
)
 
(1,051
)
 
5

 
(397
)
 
(240
)
 
(328
)
 
(56
)
Net Settlement/curtailment/termination losses
—

 
—

 
—

 
780

 
—

 
—

 
—

Amortization of net actuarial loss recognized in net periodic pension cost
(328
)
 
(401
)
 
(404
)
 
—

 
—

 
(6
)
 
(76
)
Total recognized in other comprehensive income
(501
)
 
(1,452
)
 
(399
)
 
(383
)
 
(240
)
 
(334
)
 
(132
)
Total recognized in net periodic benefit cost and other comprehensive income
$
(1,207
)
 
$
(1,824
)
 
$
(651
)
 
$
(338
)
 
$
(201
)
 
$
(277
)
 
$
14

Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine net periodic pension cost
3.96
%
 
4.35
%
 
4.56
%
 
4.27
%
 
3.37
%
 
3.57
%
 
3.63
%
Expected return on plan assets
6.00
%
 
8.00
%
 
8.00
%
 
3.00
%
 
N/A

 
N/A

 
N/A


(1) 
Because the final distribution of benefits under the HeritageBank of the South Defined Benefit Plan was completed in 2016, there was no impact on the Company’s consolidated financial statements as of and for the years ended December 31, 2018 and 2017.
Future estimated benefit payments under the defined benefit pension plan and post-retirement health and life plan
Future estimated benefit payments under the Renasant defined benefit pension plan and post-retirement health and life plan are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
2019
$
1,968

 
$
156

2020
1,973

 
141

2021
1,988

 
126

2022
1,980

 
103

2023
1,958

 
101

2024 - 2028
9,277

 
279
Amounts recognized in accumulated other comprehensive income, net of tax
Amounts recognized in accumulated other comprehensive income, before tax, for the year ended December 31, 2018 are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
Prior service cost
$
—

 
$
—

Actuarial loss (gain)
9,562

 
(155
)
Total
$
9,562

 
$
(155
)
Estimated costs that will be amortized from accumulated other comprehensive income into net periodic cost
The estimated costs that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
Prior service cost
$
—

 
$
—

Actuarial loss (gain)
345

 
(56
)
Total
$
345

 
$
(56
)
Fair values of defined benefit pension plan assets by category of the firm
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Totals
December 31, 2018
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
40

 
$
—

 
$
—

 
$
—

 
$
40

Investments in collective trusts
—

 
—

 
—

 
25,166

 
25,166

 
$
40

 
$
—

 
$
—

 
$
25,166

 
$
25,206

 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Measured at NAV
 
Totals
December 31, 2017
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
387

 
$
—

 
$
—

 
$
—

 
$
387

U.S. government securities
—

 
2,496

 
—

 
—

 
2,496

Corporate debt
—

 
1,908

 
—

 
—

 
1,908

Corporate stocks
20,557

 
—

 
—

 
—

 
20,557

Investments in registered investment companies
921

 
—

 
—

 
—

 
921

Foreign obligations
—

 
644

 
—

 
—

 
644

 
$
21,865

 
$
5,048

 
$
—

 
$
—

 
$
26,913
Summarizes information about options issued under the long-term equity incentive plan
The following table summarizes information about options outstanding, exercised and forfeited as of and for the three years ended December 31, 2018, 2017 and 2016: 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2016
621,446

 
$
17.88

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
(435,177
)
 
18.67

 
 
 
 
Forfeited
(644
)
 
29.67

 
 
 
 
Outstanding at December 31, 2016
185,625

 
$
15.97

 
3.91
 
$
4,872

Exercisable at December 31, 2016
185,625

 
$
15.97

 
3.91
 
$
4,872

Granted
—

 
—

 
 
 
 
Exercised
(95,875
)
 
16.25

 
 
 
 
Forfeited
—

 
—

 
 
 
 
Outstanding at December 31, 2017
89,750

 
$
15.67

 
3.14
 
$
2,263

Exercisable at December 31, 2017
89,750

 
$
15.67

 
3.14
 
$
2,263

Granted
—

 
—

 
 
 
 
Exercised
(41,000
)
 
15.54

 
 
 
 
Forfeited
(5,000
)
 
15.32

 
 
 
 
Outstanding at December 31, 2018
43,750

 
$
15.84

 
2.63
 
$
627

Exercisable at December 31, 2018
43,750

 
$
15.84

 
2.63
 
$
627
Summary of the changes in restricted stock
The following table summarizes the changes in restricted stock as of and for the year ended December 31, 2018:
 
Performance-
Based
Restricted
Stock(1)
 
Weighted
Average
Grant-Date
Fair Value
 
Time-
Based
Restricted
Stock
 
Weighted
Average
Grant-Date
Fair Value
Not vested at beginning of year
—

 
$
—

 
218,075

 
$
39.08

Granted
110,652

 
40.89

 
188,272

 
42.93

Vested
(66,338
)
 
40.89

 
(75,829
)
 
36.98

Cancelled
(3,014
)
 
40.89

 
(25,563
)
 
40.97

Not vested at end of year
41,300

 
$
40.89

 
304,955

 
$
41.82

(1) In January 2018, the Company awarded an aggregate of 53,883 shares of performance-based restricted stock (at the target level), subject to a one-year performance cycle. An aggregate of 3,014 shares was forfeited and canceled prior to the end of the performance cycle. The Company's financial performance exceeded target levels, increasing the award by an aggregate of 15,469 shares.