XML 47 R36.htm IDEA: XBRL DOCUMENT v3.19.1
Employee Benefit and Deferred Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans
defined benefit pension plan maintained by Renasant Bank (“Pension Benefits - Renasant”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows:
 
Pension Benefits
 
 
 
Renasant
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2019
 
2018
 
2019
 
2018
Service cost
$

 
$

 
$
2

 
$
2

Interest cost
273

 
266

 
8

 
9

Expected return on plan assets
(363
)
 
(518
)
 

 

Recognized actuarial loss (gain)
86

 
87

 
(14
)
 

Net periodic benefit (return) cost
$
(4
)
 
$
(165
)
 
$
(4
)
 
$
11

 
 
 
 
 
 
 
 
Summary of the changes in stock options and restricted stock
The following table summarizes information about options outstanding, exercised and forfeited as of and for the three months ended March 31, 2019:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
43,750

 
$
15.84

Granted
 

 

Exercised
 
(2,500
)
 
16.91

Forfeited
 

 

Options outstanding at end of period
 
41,250

 
$
15.77

The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2019:

 
 
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
 
41,300

 
$
40.89

 
304,955

 
$
41.82

Awarded
 
154,250

 
30.18

 
189,346

 
30.18

Vested
 

 

 
(58,979
)
 
36.75

Cancelled
 

 

 
(6,230
)
 
41.11

Nonvested at end of period
 
195,550

 
$
32.44

 
429,092

 
$
37.39