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Renasant Corporation (Parent Company Only) Condensed Financial Information
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Renasant Corporation (Parent Company Only) Condensed Financial Information Renasant Corporation (Parent Company Only) Condensed Financial Information
(In Thousands)
Balance Sheets
  
December 31,
 20202019
Assets
Cash and cash equivalents(1)
$129,164 $29,467 
Investments7,174 1,653 
Investment in bank subsidiary(2)
2,306,937 2,302,499 
Accrued interest receivable on bank balances(2)
6 6 
Intercompany receivable(2)
184 — 
Other assets22,926 22,861 
Total assets$2,466,391 $2,356,486 
Liabilities and shareholders’ equity
Junior subordinated debentures$110,794 $110,215 
Subordinated notes212,009 113,955 
Other liabilities10,855 6,627 
Shareholders’ equity2,132,733 2,125,689 
Total liabilities and shareholders’ equity$2,466,391 $2,356,486 
(1)Eliminates in consolidation, with the exception of $844 and $3,840, in 2020 and 2019, respectively, pledged for collateral and held at non-subsidiary bank
(2)Eliminates in consolidation
Statements of Income
  
Year Ended December 31,
 202020192018
Income
Dividends from bank subsidiary(1)
$81,443 $132,563 $53,381 
Interest income from bank subsidiary(1)
9 9 8 
Other dividends93 175 137 
Other income74 138 121 
Total income81,619 132,885 53,647 
Expenses15,179 16,050 13,869 
Income before income tax benefit and equity in undistributed net income of bank subsidiary66,440 116,835 39,778 
Income tax benefit(3,889)(4,077)(3,523)
Equity in undistributed net income of bank subsidiary(1)
13,322 46,684 103,619 
Net income$83,651 $167,596 $146,920 
(1)Eliminates in consolidation
 
Statements of Cash Flows
  
Year Ended December 31,
 202020192018
Operating activities
Net income$83,651 $167,596 $146,920 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of bank subsidiary(13,322)(46,684)(103,619)
Amortization/depreciation/accretion692 (76)160 
(Increase) decrease in other assets(256)(2,678)3,381 
Increase (decrease) in other liabilities10,932 10,872 (171)
Net cash provided by operating activities81,697 129,030 46,671 
Investing activities
Purchases of securities held to maturity and available for sale(6,104)— — 
Sales and maturities of securities held to maturity and available for sale541 42 1,052 
Net cash paid in acquisition— — (34,836)
Other investing activities— 632 423 
Net cash (used in) provided by investing activities(5,563)674 (33,361)
Financing activities
Cash paid for dividends(50,134)(50,901)(43,614)
Cash received on exercise of stock-based compensation— — 201 
Repurchase of shares in connection with stock repurchase program(24,569)(62,944)(7,062)
Repayment of long-term debt— (30,973)— 
Proceeds from issuance of long-term debt98,266 — — 
Other financing activities— — (93)
Net cash provided by (used in) financing activities23,563 (144,818)(50,568)
Increase (decrease) in cash and cash equivalents99,697 (15,114)(37,258)
Cash and cash equivalents at beginning of year29,467 44,581 81,839 
Cash and cash equivalents at end of year$129,164 $29,467 $44,581