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Employee Benefit and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2019
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 Renasant Bank (“Pension Benefits - Renasant”) and to the post-retirement health and life plan (“Other Benefits”) as of December 31, 2019 and 2018 is as follows:
 
Pension Benefits Renasant
 
Other Benefits
 
2019
 
2018
 
2019
 
2018
Change in benefit obligation
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
24,945

 
$
27,859

 
$
881

 
$
1,170

Service cost
—

 
—

 
7

 
8

Interest cost
1,176

 
1,043

 
31

 
31

Plan participants’ contributions
—

 
—

 
60

 
75

Actuarial loss (gain)
3,671

 
(2,016
)
 
(60
)
 
(239
)
Benefits paid
(1,772
)
 
(1,941
)
 
(212
)
 
(164
)
Benefit obligation at end of year
$
28,020

 
$
24,945

 
$
707

 
$
881

Change in fair value of plan assets
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
25,206

 
$
26,913

 
 
 
 
Actual return on plan assets
5,151

 
234

 
 
 
 
Contribution by employer
—

 
—

 
 
 
 
Benefits paid
(1,772
)
 
(1,941
)
 
 
 
 
Fair value of plan assets at end of year
$
28,585

 
$
25,206

 
 
 
 
Funded status at end of year
$
565

 
$
261

 
$
(707
)
 
$
(881
)
Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
Discount rate used to determine the benefit obligation
3.59
%
 
4.56
%
 
2.91
%
 
4.07
%
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, 2019, 2018 and 2017 are as follows: 
 
Pension Benefits Renasant
 
Other Benefits
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Service cost
$
—

 
$
—

 
$
—

 
$
7

 
$
8

 
$
9

Interest cost
1,176

 
1,043

 
1,168

 
31

 
31

 
42

Expected return on plan assets
(1,450
)
 
(2,077
)
 
(1,941
)
 
—

 
—

 
—

Prior service cost recognized
—

 
—

 
—

 
—

 
—

 
—

Recognized actuarial loss
442

 
328

 
401

 
(23
)
 
—

 
6

Settlement/curtailment/termination losses
—

 
—

 
—

 
—

 
—

 
—

Net periodic benefit cost
168

 
(706
)
 
(372
)
 
15

 
39

 
57

Net actuarial (gain) loss arising during the period
(31
)
 
(173
)
 
(1,051
)
 
(60
)
 
(240
)
 
(328
)
Net Settlement/curtailment/termination losses
—

 
—

 
—

 
—

 
—

 
—

Amortization of net actuarial loss recognized in net periodic pension cost
(442
)
 
(328
)
 
(401
)
 
23

 
—

 
(6
)
Total recognized in other comprehensive income
(473
)
 
(501
)
 
(1,452
)
 
(37
)
 
(240
)
 
(334
)
Total recognized in net periodic benefit cost and other comprehensive income
$
(305
)
 
$
(1,207
)
 
$
(1,824
)
 
$
(22
)
 
$
(201
)
 
$
(277
)
Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine net periodic pension cost
4.56
%
 
3.96
%
 
4.35
%
 
4.07
%
 
3.37
%
 
3.57
%
Expected return on plan assets
6.00
%
 
6.00
%
 
8.00
%
 
N/A

 
N/A

 
N/A
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
2020
$
2,131

 
$
155

2021
2,146

 
133

2022
2,145

 
103

2023
2,127

 
94

2024
2,105

 
86

2025 - 2029
9,763

 
195
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, 2019 are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
Prior service cost
$
—

 
$
—

Actuarial loss (gain)
9,090

 
(192
)
Total
$
9,090

 
$
(192
)
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)
318

 
(67
)
Total
$
318

 
$
(67
)
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, 2019
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
39

 
$
—

 
$
—

 
$
—

 
$
39

Investments in collective trusts
—

 
—

 
—

 
28,546

 
28,546

 
$
39

 
$
—

 
$
—

 
$
28,546

 
$
28,585

 
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
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, 2019, 2018 and 2017: 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2017
185,625

 
$
15.97

 
 
 
 
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

Granted
—

 
—

 
 
 
 
Exercised
(14,500
)
 
15.79

 
 
 
 
Forfeited
—

 
—

 
 
 
 
Outstanding at December 31, 2019
29,250

 
$
15.86

 
1.94
 
$
574

Exercisable at December 31, 2019
29,250

 
$
15.86

 
1.94
 
$
574
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, 2019:
 
Performance-
Based
Restricted
Stock
 
Weighted
Average
Grant-Date
Fair Value
 
Time-
Based
Restricted
Stock
 
Weighted
Average
Grant-Date
Fair Value
Not vested at beginning of year
41,300

 
$
40.89

 
304,955

 
$
41.82

Awarded
154,250

 
30.18

 
308,557

 
32.12

Vested
(77,625
)
 
30.18

 
(92,292
)
 
39.90

Forfeited and cancelled
(2,200
)
 
30.18

 
(20,288
)
 
38.36

Not vested at end of year
115,725

 
$
34.00

 
500,932

 
$
36.34