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Renasant Corporation (Parent Company Only) Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Balance Sheets
Balance Sheets
  
December 31,
 
2019
 
2018
Assets
 
 
 
Cash and cash equivalents(1)
$
29,467

 
$
44,581

Investments
1,653

 
1,662

Loans, net

 
640

Investment in bank subsidiary(2)
2,302,499

 
2,236,932

Accrued interest receivable on bank balances(2)
6

 
6

Intercompany receivable(2)

 
1,618

Other assets
22,861

 
18,574

Total assets
$
2,356,486

 
$
2,304,013

Liabilities and shareholders’ equity
 
 
 
Junior subordinated debentures
$
110,215

 
$
109,636

Subordinated notes
113,955

 
147,239

Other liabilities
6,627

 
3,225

Shareholders’ equity
2,125,689

 
2,043,913

Total liabilities and shareholders’ equity
$
2,356,486

 
$
2,304,013

(1)
Eliminates in consolidation, with the exception of $3,840 and $3,737, in 2019 and 2018, respectively, pledged for collateral and held at non-subsidiary bank
(2)
Eliminates in consolidation
Statements of Income
Statements of Income
  
Year Ended December 31,
 
2019
 
2018
 
2017
Income
 
 
 
 
 
Dividends from bank subsidiary(1)
$
132,563

 
$
53,381

 
$
34,416

Interest income from bank subsidiary(1)
9

 
8

 
8

Other dividends
175

 
137

 
94

Other income
138

 
121

 
588

Total income
132,885

 
53,647

 
35,106

Expenses
16,050

 
13,869

 
12,649

Income before income tax benefit and equity in undistributed net income of bank subsidiary
116,835

 
39,778

 
22,457

Income tax benefit
(4,077
)
 
(3,523
)
 
(3,761
)
Equity in undistributed net income of bank subsidiary(1)
46,684

 
103,619

 
65,970

Net income
$
167,596

 
$
146,920

 
$
92,188

(1)
Eliminates in consolidation
Statements of Cash Flows
Statements of Cash Flows
  
Year Ended December 31,
 
2019
 
2018
 
2017
Operating activities
 
 
 
 
 
Net income
$
167,596

 
$
146,920

 
$
92,188

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Equity in undistributed net income of bank subsidiary
(46,684
)
 
(103,619
)
 
(65,970
)
Amortization/depreciation/accretion
(76
)
 
160

 
656

(Increase) decrease in other assets
(2,678
)
 
3,381

 
(1,069
)
Increase (decrease) in other liabilities
10,872

 
(171
)
 
(2,291
)
Net cash provided by operating activities
129,030

 
46,671

 
23,514

Investing activities
 
 
 
 
 
Sales and maturities of securities held to maturity and available for sale
42

 
1,052

 
1,555

Investment in subsidiaries

 

 
(25,000
)
Net cash (paid) received in acquisition

 
(34,836
)
 
4,834

Other investing activities
632

 
423

 
(54
)
Net cash provided by (used in) investing activities
674

 
(33,361
)
 
(18,665
)
Financing activities
 
 
 
 
 
Cash paid for dividends
(50,901
)
 
(43,614
)
 
(34,416
)
Cash received on exercise of stock-based compensation

 
201

 
173

Repurchase of shares in connection with stock repurchase program
(62,944
)
 
(7,062
)
 

Repayment of long-term debt
(30,973
)
 

 
(10,310
)
Other financing activities

 
(93
)
 
310

Net cash used in financing activities
(144,818
)
 
(50,568
)
 
(44,243
)
Decrease in cash and cash equivalents
(15,114
)
 
(37,258
)
 
(39,394
)
Cash and cash equivalents at beginning of year
44,581

 
81,839

 
121,233

Cash and cash equivalents at end of year
$
29,467

 
$
44,581

 
$
81,839