Employee Benefit and Deferred Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Plan expense for non-contributory benefit pension plan and post-retirement health and life plans

Information related to the defined benefit pension plan maintained by Renasant Bank (“Pension Benefits”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows:

	Pension Benefits				Other Benefits
	Three Months Ended				Three Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Service cost	$	—	$	—	$	2	$	2
Interest cost	246		294		3		7
Expected return on plan assets	(412)		(362)		—		—
Recognized actuarial loss (gain)	87		110		(23)		(6)
Net periodic (return) benefit cost	$	(79)	$	42	$	(18)	$	3

	Pension Benefits				Other Benefits
	Nine Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Service cost	$	—	$	—	$	5	$	5
Interest cost	738		882		10		23
Expected return on plan assets	(1,238)		(1,087)		—		—
Recognized actuarial loss (gain)	262		331		(68)		(17)
Net periodic (return) benefit cost	$	(238)	$	126	$	(53)	$	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 nine months ended September 30, 2020:

	Shares	Weighted Average Exercise Price
Options outstanding at beginning of period	29,250	$	15.86
Granted	—	—
Exercised	—	—
Forfeited	—	—
Options outstanding at end of period	29,250	$	15.86

The following table summarizes the changes in restricted stock as of and for the nine months ended September 30, 2020:

	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	115,725	$	34.00	500,932	$	36.34
Awarded	81,423	35.42		270,579	32.90
Vested	—	—		(140,853)	38.67
Cancelled	(15,076)	33.29		(47,488)	35.73
Nonvested at end of period	182,072	$	34.70	583,170	$	34.23