10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 ________________________________________________________

FORM 10-Q

 ________________________________________________________

(Mark One)

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2021

Or

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from                      to                     

Commission file number: 001-13253

 ________________________________________________________

RENASANT CORPORATION

(Exact name of registrant as specified in its charter)

 ________________________________________________________

Mississippi	64-0676974
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

209 Troy Street,	Tupelo,	Mississippi	38804-4827
(Address of principal executive offices)			(Zip Code)

(662) 680-1001

(Registrant’s telephone number, including area code)

 ________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $5.00 par value per share	RNST	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No  ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No  ☒

As of July 30, 2021, 56,352,052 shares of the registrant’s common stock, $5.00 par value per share, were outstanding.

Renasant Corporation and Subsidiaries

Form 10-Q

For the Quarterly Period Ended June 30, 2021

CONTENTS

		Page
PART I	Financial Information
Item 1.	Financial Statements (Unaudited)
	Consolidated Balance Sheets	1
	Consolidated Statements of Income	2
	Consolidated Statements of Comprehensive Income	3
	Consolidated Statements of Changes in Shareholders’ Equity	4
	Consolidated Statements of Cash Flows	6
	Notes to Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	54
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	83
Item 4.	Controls and Procedures	83
PART II	Other Information
Item 1A.	Risk Factors	84
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	84
Item 6.	Exhibits	85
SIGNATURES		86

PART I. FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

Renasant Corporation and Subsidiaries

Consolidated Balance Sheets

(In Thousands, Except Share Data)

	(Unaudited)
	June 30, 2021		December 31, 2020
Assets
Cash and due from banks	$	221,205	$	176,372
Interest-bearing balances with banks	1,384,283		456,831
Cash and cash equivalents	1,605,488		633,203
Securities available for sale, at fair value	2,163,820		1,343,457
Loans held for sale, at fair value	448,959		417,771
Loans, net of unearned income:
Non purchased loans and leases	8,892,544		9,419,540
Purchased loans	1,256,698		1,514,107
Total loans, net of unearned income	10,149,242		10,933,647
Allowance for credit losses	(172,354)		(176,144)
Loans, net	9,976,888		10,757,503
Premises and equipment, net	293,203		300,496
Other real estate owned:
Non purchased	1,675		2,045
Purchased	3,264		3,927
Total other real estate owned, net	4,939		5,972
Goodwill	939,683		939,683
Other intangible assets, net	27,003		30,139
Bank-owned life insurance	279,444		230,609
Mortgage servicing rights	84,912		62,994
Other assets	198,047		207,785
Total assets	$	16,022,386	$	14,929,612
Liabilities and shareholders’ equity
Liabilities
Deposits
Noninterest-bearing	$	4,349,135	$	3,685,048
Interest-bearing	8,766,216		8,374,033
Total deposits	13,115,351		12,059,081
Short-term borrowings	14,933		21,340
Long-term debt	469,406		474,970
Other liabilities	218,889		241,488
Total liabilities	13,818,579		12,796,879
Shareholders’ equity
Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding	—		—
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 56,350,878 and 56,200,487 shares outstanding, respectively	296,483		296,483
Treasury stock, at cost – 2,945,847 and 3,096,238 shares, respectively	(97,249)		(101,554)
Additional paid-in capital	1,295,879		1,296,963
Retained earnings	689,444		615,773
Accumulated other comprehensive income, net of taxes	19,250		25,068
Total shareholders’ equity	2,203,807		2,132,733
Total liabilities and shareholders’ equity	$	16,022,386	$	14,929,612

See Notes to Consolidated Financial Statements.    

1

Renasant Corporation and Subsidiaries

Consolidated Statements of Income (Unaudited)

(In Thousands, Except Share Data)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Interest income
Loans	$	113,325	$	115,672	$	228,330	$	236,277
Securities
Taxable	5,619		6,418		10,536		13,720
Tax-exempt	1,702		1,670		3,359		3,124
Other	345		195		528		1,007
Total interest income	120,991		123,955		242,753		254,128
Interest expense
Deposits	7,669		13,871		15,949		32,366
Borrowings	3,743		4,302		7,577		9,378
Total interest expense	11,412		18,173		23,526		41,744
Net interest income	109,579		105,782		219,227		212,384
Provision for loan losses	—		26,900		—		53,250
Provision for other credit losses	—		—		—		—
Provision for credit losses	—		26,900		—		53,250
Net interest income after provision for credit losses	109,579		78,882		219,227		159,134
Noninterest income
Service charges on deposit accounts	9,458		6,832		17,481		15,902
Fees and commissions	4,110		2,971		8,010		6,025
Insurance commissions	2,422		2,125		4,659		4,116
Wealth management revenue	5,019		3,824		9,811		7,826
Mortgage banking income	20,853		45,490		71,586		61,025
Net gain on sales of securities	—		31		1,357		31
BOLI income	1,644		1,329		3,716		2,492
Other	4,104		1,568		12,027		4,323
Total noninterest income	47,610		64,170		128,647		101,740
Noninterest expense
Salaries and employee benefits	70,293		79,361		148,989		152,550
Data processing	5,652		5,047		11,103		10,053
Net occupancy and equipment	11,374		13,511		23,912		27,631
Other real estate owned	104		620		145		1,038
Professional fees	2,674		2,517		5,595		5,159
Advertising and public relations	3,100		2,920		6,352		6,320
Intangible amortization	1,539		1,834		3,137		3,729
Communications	2,291		2,181		4,583		4,379
Restructuring charges	15		—		307		—
Debt prepayment penalty	—		90		—		90
Other	11,735		10,204		20,589		22,377
Total noninterest expense	108,777		118,285		224,712		233,326
Income before income taxes	48,412		24,767		123,162		27,548
Income taxes	7,545		4,637		24,387		5,410
Net income	$	40,867	$	20,130	$	98,775	$	22,138
Basic earnings per share	$	0.73	$	0.36	$	1.75	$	0.39
Diluted earnings per share	$	0.72	$	0.36	$	1.75	$	0.39
Cash dividends per common share	$	0.22	$	0.22	$	0.44	$	0.44

See Notes to Consolidated Financial Statements.

2

Renasant Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income (Unaudited)

(In Thousands)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Net income	$	40,867	$	20,130	$	98,775	$	22,138
Other comprehensive income, net of tax:
Securities available for sale:
Unrealized holding gains (losses) on securities	3,702		2,603		(11,241)		19,297
Reclassification adjustment for gains realized in net income	—		(23)		(1,012)		(23)
Total securities available for sale	3,702		2,580		(12,253)		19,274
Derivative instruments:
Unrealized holding (losses) gains on derivative instruments	(4,648)		(793)		6,336		(3,796)
Total derivative instruments	(4,648)		(793)		6,336		(3,796)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	57		51		99		97
Total defined benefit pension and post-retirement benefit plans	57		51		99		97
Other comprehensive (loss) income, net of tax	(889)		1,838		(5,818)		15,575
Comprehensive income	$	39,978	$	21,968	$	92,957	$	37,713

See Notes to Consolidated Financial Statements.

3

Renasant Corporation and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

(Unaudited)

(In Thousands, Except Share Data)

	Common Stock			Treasury Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total
Six Months Ended June 30, 2021	Shares	Amount
Balance at January 1, 2021	56,200,487	$	296,483	$	(101,554)	$	1,296,963	$	615,773	$	25,068	$	2,132,733
Net income	—	—		—		—		57,908		—		57,908
Other comprehensive loss	—	—		—		—		—		(4,929)		(4,929)
Comprehensive income												52,979
Cash dividends ($0.22 per share)	—	—		—		—		(12,564)		—		(12,564)
Issuance of common stock for stock-based compensation awards	93,859	—		2,605		(4,808)		—		—		(2,203)
Stock-based compensation expense	—	—		—		2,756		—		—		2,756
Balance at March 31, 2021	56,294,346	$	296,483	$	(98,949)	$	1,294,911	$	661,117	$	20,139	$	2,173,701
Net income	—	—		—		—		40,867		—		40,867
Other comprehensive loss	—	—		—		—		—		(889)		(889)
Comprehensive income												39,978
Cash dividends ($0.22 per share)	—	—		—		—		(12,540)		—		(12,540)
Issuance of common stock for stock-based compensation awards	56,532	—		1,700		(1,417)		—		—		283
Stock-based compensation expense	—	—		—		2,385		—		—		2,385
Balance at June 30, 2021	56,350,878	$	296,483	$	(97,249)	$	1,295,879	$	689,444	$	19,250	$	2,203,807

4

	Common Stock			Treasury Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income		Total
Six Months Ended June 30, 2020	Shares	Amount
Balance at January 1, 2020	56,855,002	$	296,483	$	(83,189)	$	1,294,276	$	617,355	$	764	$	2,125,689
Cumulative effect adjustment due to the adoption of ASU 2016-13	—	—		—		—		(35,099)		—		(35,099)
Net income	—	—		—		—		2,008		—		2,008
Other comprehensive income	—	—		—		—		—		13,737		13,737
Comprehensive income												15,745
Cash dividends ($0.22 per share)	—	—		—		—		(12,555)		—		(12,555)
Repurchase of shares in connection with stock repurchase program	(818,886)	—		(24,569)		—		—		—		(24,569)
Issuance of common stock for stock-based compensation awards	104,902	—		4,138		(5,587)		—		—		(1,449)
Stock-based compensation expense	—	—		—		2,750		—		—		2,750
Balance at March 31, 2020	56,141,018	$	296,483	$	(103,620)	$	1,291,439	$	571,709	$	14,501	$	2,070,512
Net income	—	—		—		—		20,130		—		20,130
Other comprehensive income	—	—		—		—		—		1,838		1,838
Comprehensive income												21,968
Cash dividends ($0.22 per share)	—	—		—		—		(12,525)		—		(12,525)
Issuance of common stock for stock-based compensation awards	40,944	—		1,397		(1,404)		—		—		(7)
Stock-based compensation expense	—	—		—		2,998		—		—		2,998
Balance at June 30, 2020	56,181,962	$	296,483	$	(102,223)	$	1,293,033	$	579,314	$	16,339	$	2,082,946

See Notes to Consolidated Financial Statements.

5

Renasant Corporation and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

(In Thousands)

	Six Months Ended June 30,
	2021		2020
Operating activities
Net income	$	98,775	$	22,138
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	—		53,250
Depreciation, amortization and accretion	22,459		13,247
Deferred income tax expense (benefit)	4,975		(9,812)
Funding of mortgage loans held for sale	(2,222,822)		(2,023,834)
Proceeds from sales of mortgage loans held for sale	2,249,240		2,070,701
Gains on sales of mortgage loans held for sale	(51,482)		(68,342)
Valuation adjustment to mortgage servicing rights	(13,561)		14,522
Gains on sales of securities	(1,357)		(31)
Penalty on prepayment of debt	—		90
(Gains) losses on sales of premises and equipment	(687)		35
Stock-based compensation expense	5,142		5,748
Increase in other assets	(15,117)		(68,031)
(Decrease) increase in other liabilities	(25,985)		45,232
Net cash provided by operating activities	49,580		54,913
Investing activities
Purchases of securities available for sale	(1,190,400)		(182,745)
Proceeds from sales of securities available for sale	155,391		8,773
Proceeds from call/maturities of securities available for sale	195,114		183,807
Net decrease (increase) in loans	783,838		(1,296,880)
Purchases of premises and equipment	(12,953)		(3,856)
Proceeds from sales of premises and equipment	8,715		—
Purchase of bank-owned life insurance	(45,000)		—
Net change in FHLB stock	(1,207)		(496)
Proceeds from sales of other assets	3,378		2,228
Other, net	2,803		—
Net cash used in investing activities	(100,321)		(1,289,169)
Financing activities
Net increase in noninterest-bearing deposits	664,087		1,188,526
Net increase in interest-bearing deposits	392,183		444,810
Net decrease in short-term borrowings	(6,407)		(147,281)
Repayment of long-term debt	(1,733)		(177)
Cash paid for dividends	(25,104)		(25,080)
Repurchase of shares in connection with stock repurchase program	—		(24,569)
Net cash provided by financing activities	1,023,026		1,436,229
Net increase in cash and cash equivalents	972,285		201,973
Cash and cash equivalents at beginning of period	633,203		414,930
Cash and cash equivalents at end of period	$	1,605,488	$	616,903
Supplemental disclosures
Cash paid for interest	$	24,146	$	43,564
Cash paid for income taxes	$	31,443	$	16,163
Noncash transactions:
Transfers of loans to other real estate owned	$	2,503	$	4,259
Financed sales of other real estate owned	$	130	$	154
Recognition of operating right-of-use assets	$	3,624	$	4,235
Recognition of operating lease liabilities	$	3,624	$	2,766

See Notes to Consolidated Financial Statements.

6

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 1 – Summary of Significant Accounting Policies

(In Thousands)

Nature of Operations: Renasant Corporation (referred to herein as the “Company”) owns and operates Renasant Bank (“Renasant Bank” or the “Bank”), Renasant Insurance, Inc. and Park Place Capital Corporation. Through its subsidiaries, the Company offers a diversified range of financial, wealth management, fiduciary and insurance services to its retail and commercial customers from full service offices located throughout Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina and South Carolina.

Basis of Presentation: The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company’s significant accounting policies, refer to the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission on February 26, 2021.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material.

Impact of Recently-Issued Accounting Standards and Pronouncements:

In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, “Reference Rate Reform (Topic 842): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides temporary, optional guidance to ease the potential burden in accounting for reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions if certain criteria are met that reference LIBOR or another reference rate expected to be discontinued. As the guidance is intended to assist stakeholders during the global market-wide reference rate transition period, it is in effect only from March 12, 2020 through December 31, 2022. The Company has established a LIBOR Transition Committee and is currently evaluating the impact of adopting ASU 2020-04 on the Company’s financial statements.

7

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 2 – Securities

(In Thousands, Except Number of Securities)

The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below. There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of June 30, 2021 or December 31, 2020.

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2021
U.S. Treasury securities	$	3,021	$	16	$	—	$	3,037
Obligations of states and political subdivisions	314,675		11,270		(425)		325,520
Residential mortgage backed securities:
Government agency mortgage backed securities	742,392		13,670		(1,572)		754,490
Government agency collateralized mortgage obligations	800,299		2,267		(4,324)		798,242
Commercial mortgage backed securities:
Government agency mortgage backed securities	21,461		795		—		22,256
Government agency collateralized mortgage obligations	197,401		1,729		(1,571)		197,559
Other debt securities	59,523		3,193		—		62,716
	$	2,138,772	$	32,940	$	(7,892)	$	2,163,820

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2020
U.S. Treasury securities	$	7,047	$	32	$	—	$	7,079
Obligations of other U.S. Government agencies and corporations	1,003		6		—		1,009
Obligations of states and political subdivisions	291,231		14,015		(45)		305,201
Residential mortgage backed securities:
Government agency mortgage backed securities	581,105		21,564		(23)		602,646
Government agency collateralized mortgage obligations	218,373		1,946		(51)		220,268
Commercial mortgage backed securities:
Government agency mortgage backed securities	29,053		1,235		(1)		30,287
Government agency collateralized mortgage obligations	99,377		2,992		(21)		102,348
Trust preferred securities	12,013		—		(3,001)		9,012
Other debt securities	62,771		2,909		(73)		65,607
	$	1,301,973	$	44,699	$	(3,215)	$	1,343,457

8

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Securities sold were as set forth in the tables below. There were no securities sold during the three months ended June 30, 2021 and 2020.

	Carrying Value		Net Proceeds		Gain/(Loss)
Six months ended June 30, 2021
Obligations of states and political subdivisions	$	47	$	50	$	3
Residential mortgage backed securities:
Government agency mortgage backed securities	136,340		139,735		3,395
Government agency collateralized mortgage obligations	5,626		5,646		20
Trust preferred securities	12,021		9,960		(2,061)
	$	154,034	$	155,391	$	1,357

	Carrying Value		Net Proceeds		Gain/(Loss)
Six months ended June 30, 2020
Obligations of states and political subdivisions	$	2,696	$	2,561	$	(135)
Residential mortgage backed securities:
Government agency mortgage backed securities	6,046		6,212		166
	$	8,742	$	8,773	$	31

Gross realized gains and losses on sales of securities available for sale for the three and six months ended June 30, 2021 were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Gross gains on sales of securities available for sale	$	—	$	166	$	3,508	$	166
Gross losses on sales of securities available for sale	—		(135)		(2,151)		(135)
Gains on sales of securities available for sale, net	$	—	$	31	$	1,357	$	31

At June 30, 2021 and December 31, 2020, securities with a carrying value of $596,836 and $582,338, respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $20,873 and $32,272 were pledged as collateral for short-term borrowings and derivative instruments at June 30, 2021 and December 31, 2020, respectively.

The amortized cost and fair value of securities at June 30, 2021 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

9

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Available for Sale
	Amortized Cost		Fair Value
Due within one year	$	36,914	$	39,268
Due after one year through five years	23,273		24,061
Due after five years through ten years	57,089		59,654
Due after ten years	228,196		234,605
Residential mortgage backed securities:
Government agency mortgage backed securities	742,392		754,490
Government agency collateralized mortgage obligations	800,299		798,242
Commercial mortgage backed securities:
Government agency mortgage backed securities	21,461		22,256
Government agency collateralized mortgage obligations	197,401		197,559
Other debt securities	31,747		33,685
	$	2,138,772	$	2,163,820

10

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following table presents the age of gross unrealized losses and fair value by investment category for which an allowance for credit losses has not been recorded as of the dates presented:

	Less than 12 Months					12 Months or More					Total
	#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses
Available for Sale:
June 30, 2021
Obligations of states and political subdivisions	20	$	40,176	$	(414)	1	$	2,166	$	(11)	21	$	42,342	$	(425)
Residential mortgage backed securities:
Government agency mortgage backed securities	25	210,509		(1,572)		—	—		—		25	210,509		(1,572)
Government agency collateralized mortgage obligations	25	537,594		(4,324)		—	—		—		25	537,594		(4,324)
Commercial mortgage backed securities:
Government agency mortgage backed securities	—	—		—		1	446		—		1	446		—
Government agency collateralized mortgage obligations	—	—		—		13	115,433		(1,571)		13	115,433		(1,571)
Other debt securities	1	1,000		—		—	—		—		1	1,000		—
Total	71	$	789,279	$	(6,310)	15	$	118,045	$	(1,582)	86	$	907,324	$	(7,892)
December 31, 2020
Obligations of states and political subdivisions	6	$	9,403	$	(45)	—	$	—	$	—	6	$	9,403	$	(45)
Residential mortgage backed securities:
Government agency mortgage backed securities	2	19,755		(23)		—	—		—		2	19,755		(23)
Government agency collateralized mortgage obligations	5	27,143		(51)		—	—		—		5	27,143		(51)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	1,538		(1)		1	459		—		2	1,997		(1)
Government agency collateralized mortgage obligations	3	14,190		(21)		—	—		—		3	14,190		(21)
Trust preferred securities	—	—		—		2	9,012		(3,001)		2	9,012		(3,001)
Other debt securities	4	3,330		(70)		1	566		(3)		5	3,896		(73)
Total	21	$	75,359	$	(211)	4	$	10,037	$	(3,004)	25	$	85,396	$	(3,215)

The Company evaluates its investment portfolio for impairment related to credit losses on a quarterly basis. Impairment is assessed at the individual security level. The Company considers an investment security impaired if the fair value of the security is less than its cost or amortized cost basis. If the Company intends to sell the investment security or if the Company does not expect to recover the entire amortized cost basis of the security before the Company is required to sell the security or before the security’s maturity, the security is impaired and written down to fair value with all losses recognized in earnings.

The Company does not intend to sell any securities in an unrealized loss position that it holds, and it is not more likely than not that the Company will be required to sell any such security prior to the recovery of its amortized cost basis, which may be at maturity. Furthermore, even though a number of these securities have been in a continuous unrealized loss position for a period longer than twelve months, the Company is collecting principal and interest payments from the respective issuers as scheduled. As a result, no allowance for credit losses for securities was needed at June 30, 2021.

11

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 3 – Non Purchased Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 3, all references to “loans” mean non purchased loans excluding loans held for sale.

The following is a summary of non purchased loans and leases as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural(1)	$	1,509,908	$	2,360,471
Lease financing	78,028		80,022
Real estate – construction:
Residential	274,599		243,814
Commercial	764,014		583,338
Total real estate – construction	1,038,613		827,152
Real estate – 1-4 family mortgage:
Primary	1,623,987		1,536,181
Home equity	426,845		432,768
Rental/investment	271,397		264,436
Land development	113,345		123,179
Total real estate – 1-4 family mortgage	2,435,574		2,356,564
Real estate – commercial mortgage:
Owner-occupied	1,373,150		1,334,765
Non-owner occupied	2,249,112		2,194,739
Land development	101,047		120,125
Total real estate – commercial mortgage	3,723,309		3,649,629
Installment loans to individuals	111,137		149,862
Gross loans	8,896,569		9,423,700
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	$	8,892,544	$	9,419,540

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 and $1,128,703 as of June 30, 2021 and December 31, 2020, respectively.

Past Due and Nonaccrual Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. All interest accrued for the current year, but not collected, for loans that are placed on nonaccrual status or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

12

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	2,909	$	113	$	1,501,970	$	1,504,992	$	10	$	1,512	$	3,394	$	4,916	$	1,509,908
Lease financing	20		—		78,008		78,028		—		—		—		—		78,028
Real estate – construction:
Residential	—		—		274,599		274,599		—		—		—		—		274,599
Commercial	—		—		764,014		764,014		—		—		—		—		764,014
Total real estate – construction	—		—		1,038,613		1,038,613		—		—		—		—		1,038,613
Real estate – 1-4 family mortgage:
Primary	3,345		505		1,610,000		1,613,850		1,414		3,545		5,178		10,137		1,623,987
Home equity	975		—		425,225		426,200		30		446		169		645		426,845
Rental/investment	723		138		269,930		270,791		—		103		503		606		271,397
Land development	39		—		113,117		113,156		—		104		85		189		113,345
Total real estate – 1-4 family mortgage	5,082		643		2,418,272		2,423,997		1,444		4,198		5,935		11,577		2,435,574
Real estate – commercial mortgage:
Owner-occupied	2,342		—		1,368,353		1,370,695		477		706		1,272		2,455		1,373,150
Non-owner occupied	82		2		2,241,403		2,241,487		—		2,002		5,623		7,625		2,249,112
Land development	89		42		100,717		100,848		—		159		40		199		101,047
Total real estate – commercial mortgage	2,513		44		3,710,473		3,713,030		477		2,867		6,935		10,279		3,723,309
Installment loans to individuals	769		—		110,039		110,808		10		168		151		329		111,137
Unearned income	—		—		(4,025)		(4,025)		—		—		—		—		(4,025)
Loans, net of unearned income	$	11,293	$	800	$	8,853,350	$	8,865,443	$	1,941	$	8,745	$	16,415	$	27,101	$	8,892,544

13

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	1,124	$	231	$	2,354,716	$	2,356,071	$	164	$	1,804	$	2,432	$	4,400	$	2,360,471
Lease financing	—		—		79,974		79,974		—		48		—		48		80,022
Real estate – construction:
Residential	—		—		243,317		243,317		—		497		—		497		243,814
Commercial	—		—		583,338		583,338		—		—		—		—		583,338
Total real estate – construction	—		—		826,655		826,655		—		497		—		497		827,152
Real estate – 1-4 family mortgage:
Primary	11,889		1,754		1,513,716		1,527,359		1,865		2,744		4,213		8,822		1,536,181
Home equity	1,152		360		430,702		432,214		66		111		377		554		432,768
Rental/investment	663		210		263,064		263,937		61		194		244		499		264,436
Land development	97		—		123,051		123,148		—		—		31		31		123,179
Total real estate – 1-4 family mortgage	13,801		2,324		2,330,533		2,346,658		1,992		3,049		4,865		9,906		2,356,564
Real estate – commercial mortgage:
Owner-occupied	779		795		1,330,155		1,331,729		—		2,598		438		3,036		1,334,765
Non-owner occupied	922		127		2,191,440		2,192,489		—		2,197		53		2,250		2,194,739
Land development	113		115		119,820		120,048		44		29		4		77		120,125
Total real estate – commercial mortgage	1,814		1,037		3,641,415		3,644,266		44		4,824		495		5,363		3,649,629
Installment loans to individuals	896		191		148,620		149,707		4		117		34		155		149,862
Unearned income	—		—		(4,160)		(4,160)		—		—		—		—		(4,160)
Loans, net of unearned income	$	17,635	$	3,783	$	9,377,753	$	9,399,171	$	2,204	$	10,339	$	7,826	$	20,369	$	9,419,540

Restructured loans not performing in accordance with their restructured terms that are either contractually 90 days or more past due or placed on nonaccrual status are reported as nonperforming loans. There were no restructured loans contractually 90 days past due or more and still accruing at June 30, 2021 and three restructured loans in the amount of $352 contractually 90 days past due or more and still accruing at June 30, 2020. The outstanding balance of restructured loans on nonaccrual status was $11,241 and $2,306 at June 30, 2021 and June 30, 2020, respectively.

14

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Restructured Loans

Restructured loans are those for which concessions have been granted to the borrower due to a deterioration of the borrower’s financial condition and which are performing in accordance with the new terms. Such concessions may include reduction in interest rates or deferral of interest or principal payments. In evaluating whether to restructure a loan, management analyzes the long-term financial condition of the borrower, including guarantor and collateral support, to determine whether the proposed concessions will increase the likelihood of repayment of principal and interest.

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	9	1,371		1,377
Total	15	$	6,599	$	6,605
Three months ended June 30, 2020
Commercial, financial, agricultural	4	$	933	$	930
Real estate – 1-4 family mortgage:
Primary	12	1,709		1,714
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	13	1,818		1,824
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	21	$	5,627	$	5,577

15

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	12	1,803		1,812
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	19	$	7,868	$	7,850
Six months ended June 30, 2020
Commercial, financial, agricultural	6	$	1,831	$	1,828
Real estate – 1-4 family mortgage:
Primary	15	2,155		2,163
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	16	2,264		2,273
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	26	$	6,971	$	6,924

With respect to loans that were restructured during the six months ended June 30, 2021, none have subsequently defaulted as of the date of this report. With respect to loans that were restructured during the six months ended June 30, 2020, $84 have subsequently defaulted, and remain outstanding, as of the date of this report.

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	76	$	11,761
Additional advances or loans with concessions	19	7,865
Reclassified as performing restructured loan	1	35
Reductions due to:
Reclassified as nonperforming	(1)	(179)
Paid in full	(5)	(428)
Principal paydowns	—	(216)
Totals at June 30, 2021	90	$	18,838

The allowance for credit losses attributable to restructured loans was $612 and $299 at June 30, 2021 and June 30, 2020, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2021. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2020.

In response to the economic environment caused by the COVID-19 pandemic, the Company implemented a loan deferral program in the second quarter of 2020 to provide temporary payment relief to both consumer and commercial customers. Any

16

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

customer current on loan payments, taxes and insurance qualified for an initial 90-day deferral of principal and interest payments. A second 90-day deferral was available to borrowers that remained current on taxes and insurance through the first deferral period and also satisfied underwriting standards established by the Company that analyzed the ability of the borrower to service its loan in accordance with its existing terms in light of the impact of the COVID-19 pandemic on the borrower, its industry and the markets in which it operated. The Company’s loan deferral program complied with the guidance set forth in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act and related guidance from the FDIC and other banking regulators. As of June 30, 2021, the Company has discontinued its deferral program but 108 loans with total balances of approximately $18,300 remained on deferral. In accordance with the applicable guidance, none of these loans are considered “restructured loans.”

Credit Quality

For loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 1 and 9, with 1 being loans with the least credit risk. Loans within the “Pass” grade (reserved for loans with a risk rating between 1 and 4C) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating of 4E) represents a loan where a significant adverse risk-modifying action is anticipated in the near term and, left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Substandard” grade (those with a risk rating between 5 and 9) generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances.

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	161,337	$	521,228	$	171,979	$	61,489	$	30,000	$	17,698	$	441,033	$	2,941	$	1,407,705
Pass	160,584		520,874		168,388		58,126		24,990		15,221		439,248		2,137		1,389,568
Special Mention	—		115		2,527		298		673		1,410		252		—		5,275
Substandard	753		239		1,064		3,065		4,337		1,067		1,533		804		12,862
Real Estate - Construction	$	221,640	$	407,728	$	293,244	$	29,050	$	149	$	—	$	6,907	$	5,803	$	964,521
Residential	$	130,319	$	58,469	$	2,093	$	—	$	—	$	—	$	6,907	$	5,803	$	203,591
Pass	130,319		57,922		2,093		—		—		—		6,907		5,803		203,044
Special Mention	—		547		—		—		—		—		—		—		547
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	91,321	$	349,259	$	291,151	$	29,050	$	149	$	—	$	—	$	—	$	760,930
Pass	91,321		349,259		286,471		29,050		149		—		—		—		756,250
Special Mention	—		—		4,680		—		—		—		—		—		4,680
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	83,874	$	82,347	$	57,180	$	22,817	$	19,601	$	12,129	$	13,870	$	538	$	292,356
Primary	$	6,270	$	7,639	$	4,917	$	3,754	$	3,913	$	972	$	4,930	$	—	$	32,395
Pass	6,270		7,639		4,131		3,754		3,913		960		4,930		—		31,597
Special Mention	—		—		120		—		—		—		—		—		120
Substandard	—		—		666		—		—		12		—		—		678
Home Equity	$	1,171	$	200	$	—	$	—	$	—	$	—	$	3,676	$	—	$	5,047
Pass	1,171		200		—		—		—		—		3,676		—		5,047
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	46,639	$	48,640	$	24,234	$	18,526	$	15,448	$	10,668	$	985	$	538	$	165,678

17

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	46,619		48,541		23,172		18,394		15,324		10,326		985		538		163,899
Special Mention	—		—		—		—		—		74		—		—		74
Substandard	20		99		1,062		132		124		268		—		—		1,705
Land Development	$	29,794	$	25,868	$	28,029	$	537	$	240	$	489	$	4,279	$	—	$	89,236
Pass	29,794		23,192		27,922		537		240		489		4,279		—		86,453
Special Mention	—		2,676		—		—		—		—		—		—		2,676
Substandard	—		—		107		—		—		—		—		—		107
Real Estate - Commercial Mortgage	$	401,283	$	910,479	$	734,366	$	398,252	$	344,733	$	502,800	$	99,932	$	21,054	$	3,412,899
Owner-Occupied	$	145,768	$	297,847	$	226,086	$	165,077	$	143,037	$	155,885	$	33,928	$	9,132	$	1,176,760
Pass	144,957		295,064		224,524		160,888		136,955		146,755		33,562		7,395		1,150,100
Special Mention	—		2,205		832		—		1,877		5,568		351		1,737		12,570
Substandard	811		578		730		4,189		4,205		3,562		15		—		14,090
Non-Owner Occupied	$	241,893	$	591,175	$	493,814	$	227,568	$	198,930	$	343,230	$	60,008	$	11,922	$	2,168,540
Pass	240,138		582,245		484,917		214,227		154,425		311,334		60,008		11,922		2,059,216
Special Mention	1,545		8,930		246		13,341		38,928		16,081		—		—		79,071
Substandard	210		—		8,651		—		5,577		15,815		—		—		30,253
Land Development	$	13,622	$	21,457	$	14,466	$	5,607	$	2,766	$	3,685	$	5,996	$	—	$	67,599
Pass	13,577		19,325		14,466		5,607		2,707		3,674		5,996		—		65,352
Special Mention	45		—		—		—		59		—		—		—		104
Substandard	—		2,132		—		—		—		11		—		—		2,143
Installment loans to individuals	$	—	$	6	$	2	$	—	$	—	$	—	$	—	$	—	$	8
Pass	—		6		2		—		—		—		—		—		8
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	868,134	$	1,921,788	$	1,256,771	$	511,608	$	394,483	$	532,627	$	561,742	$	30,336	$	6,077,489
Pass	864,750		1,904,267		1,236,086		490,583		338,703		488,759		559,591		27,795		5,910,534
Special Mention	1,590		14,473		8,405		13,639		41,537		23,133		603		1,737		105,117
Substandard	1,794		3,048		12,280		7,386		14,243		20,735		1,548		804		61,838

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	1,448,273	$	183,627	$	76,912	$	36,866	$	18,124	$	15,844	$	255,522	$	2,449	$	2,037,617
Pass	1,447,594		180,979		73,325		31,362		16,308		14,626		250,528		1,562		2,016,284
Special Mention	128		1,952		2,091		3,850		1,416		109		187		—		9,733
Substandard	551		696		1,496		1,654		400		1,109		4,807		887		11,600
Real Estate - Construction	$	398,891	$	266,471	$	52,520	$	29,300	$	—	$	—	$	13,927	$	—	$	761,109
Residential	$	154,649	$	9,836	$	2,114	$	—	$	—	$	—	$	13,923	$	—	$	180,522
Pass	154,419		9,339		2,114		—		—		—		13,923		—		179,795
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	230		497		—		—		—		—		—		—		727
Commercial	$	244,242	$	256,635	$	50,406	$	29,300	$	—	$	—	$	4	$	—	$	580,587
Pass	244,242		251,937		50,406		29,300		—		—		4		—		575,889

18

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	—		4,698		—		—		—		—		—		—		4,698
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	110,246	$	78,482	$	36,613	$	30,018	$	13,197	$	7,172	$	10,658	$	1,909	$	288,295
Primary	$	9,422	$	6,691	$	3,988	$	4,644	$	371	$	1,060	$	629	$	—	$	26,805
Pass	9,422		5,870		3,988		4,644		371		1,045		629		—		25,969
Special Mention	—		125		—		—		—		—		—		—		125
Substandard	—		696		—		—		—		15		—		—		711
Home Equity	$	157	$	184	$	—	$	—	$	—	$	—	$	6,051	$	—	$	6,392
Pass	157		184		—		—		—		—		6,051		—		6,392
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	50,558	$	32,656	$	27,483	$	25,019	$	12,620	$	5,699	$	1,066	$	557	$	155,658
Pass	50,371		31,724		26,695		24,872		12,439		5,166		1,066		557		152,890
Special Mention	—		—		—		83		77		133		—		—		293
Substandard	187		932		788		64		104		400		—		—		2,475
Land Development	$	50,109	$	38,951	$	5,142	$	355	$	206	$	413	$	2,912	$	1,352	$	99,440
Pass	50,109		38,388		5,142		355		203		413		2,912		1,352		98,874
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		563		—		—		3		—		—		—		566
Real Estate - Commercial Mortgage	$	967,746	$	801,083	$	444,205	$	402,110	$	340,774	$	277,789	$	76,115	$	20,845	$	3,330,667
Owner-Occupied	$	295,642	$	256,807	$	199,082	$	169,527	$	99,540	$	85,614	$	16,683	$	9,733	$	1,132,628
Pass	293,851		255,206		193,716		163,358		96,128		83,582		16,043		7,896		1,109,780
Special Mention	1,167		847		—		2,067		228		311		—		1,837		6,457
Substandard	624		754		5,366		4,102		3,184		1,721		640		—		16,391
Non-Owner Occupied	$	635,232	$	522,998	$	237,075	$	229,304	$	236,347	$	189,077	$	52,456	$	11,112	$	2,113,601
Pass	624,289		514,030		237,075		184,673		218,106		175,702		52,456		11,112		2,017,443
Special Mention	9,105		—		—		39,007		4,688		10,788		—		—		63,588
Substandard	1,838		8,968		—		5,624		13,553		2,587		—		—		32,570
Land Development	$	36,872	$	21,278	$	8,048	$	3,279	$	4,887	$	3,098	$	6,976	$	—	$	84,438
Pass	34,719		21,278		6,925		3,210		3,274		3,098		6,976		—		79,480
Special Mention	—		—		1,123		69		46		—		—		—		1,238
Substandard	2,153		—		—		—		1,567		—		—		—		3,720
Installment loans to individuals	$	74	$	4	$	—	$	—	$	—	$	—	$	—	$	16	$	94
Pass	74		4		—		—		—		—		—		16		94
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,925,230	$	1,329,667	$	610,250	$	498,294	$	372,095	$	300,805	$	356,222	$	25,219	$	6,417,782
Pass	2,909,247		1,308,939		599,386		441,774		346,829		283,632		350,588		22,495		6,262,890
Special Mention	10,400		7,622		3,214		45,076		6,455		11,341		187		1,837		86,132
Substandard	5,583		13,106		7,650		11,444		18,811		5,832		5,447		887		68,760

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

19

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	15,099	$	16,477	$	11,460	$	7,023	$	4,389	$	11,052	$	36,398	$	305	$	102,203
Performing Loans	15,099		16,477		11,313		6,915		4,174		10,969		36,151		305		101,403
Non-Performing Loans	—		—		147		108		215		83		247		—		800
Lease Financing Receivables	$	14,387	$	25,526	$	19,722	$	9,276	$	3,046	$	2,046	$	—	$	—	$	74,003
Performing Loans	14,387		25,526		19,722		9,276		3,046		2,046		—		—		74,003
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	20,974	$	50,321	$	2,777	$	—	$	20	$	—	$	—	$	—	$	74,092
Residential	$	19,370	$	49,080	$	2,538	$	—	$	20	$	—	$	—	$	—	$	71,008
Performing Loans	19,370		49,080		2,538		—		20		—		—		—		71,008
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,604	$	1,241	$	239	$	—	$	—	$	—	$	—	$	—	$	3,084
Performing Loans	1,604		1,241		239		—		—		—		—		—		3,084
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	295,117	$	508,702	$	274,815	$	210,531	$	159,432	$	268,946	$	422,623	$	3,052	$	2,143,218
Primary	$	267,460	$	468,784	$	257,747	$	192,337	$	143,698	$	259,743	$	1,823	$	—	$	1,591,592
Performing Loans	267,460		468,317		255,346		188,569		142,013		257,432		1,812		—		1,580,949
Non-Performing Loans	—		467		2,401		3,768		1,685		2,311		11		—		10,643
Home Equity	$	342	$	—	$	124	$	364	$	—	$	614	$	417,798	$	2,556	$	421,798
Performing Loans	342		—		124		364		—		538		417,373		2,411		421,152
Non-Performing Loans	—		—		—		—		—		76		425		145		646
Rental/Investment	$	19,972	$	29,786	$	15,217	$	15,178	$	14,417	$	7,991	$	2,662	$	496	$	105,719
Performing Loans	19,834		29,786		15,143		15,178		14,340		7,826		2,662		496		105,265
Non-Performing Loans	138		—		74		—		77		165		—		—		454
Land Development	$	7,343	$	10,132	$	1,727	$	2,652	$	1,317	$	598	$	340	$	—	$	24,109
Performing Loans	7,343		10,132		1,727		2,650		1,234		494		340		—		23,920
Non-Performing Loans	—		—		—		2		83		104		—		—		189
Real Estate - Commercial Mortgage	$	49,654	$	73,344	$	61,707	$	45,145	$	38,791	$	31,790	$	9,536	$	443	$	310,410
Owner-Occupied	$	28,626	$	45,009	$	39,590	$	29,545	$	26,029	$	22,529	$	4,762	$	300	$	196,390
Performing Loans	28,626		45,009		39,113		29,545		25,871		22,225		4,762		300		195,451
Non-Performing Loans	—		—		477		—		158		304		—		—		939
Non-Owner Occupied	$	14,585	$	17,891	$	16,379	$	11,892	$	10,548	$	6,853	$	2,281	$	143	$	80,572
Performing Loans	14,585		17,891		16,379		11,892		10,548		6,806		2,281		143		80,525
Non-Performing Loans	—		—		—		—		—		47		—		—		47
Land Development	$	6,443	$	10,444	$	5,738	$	3,708	$	2,214	$	2,408	$	2,493	$	—	$	33,448
Performing Loans	6,443		10,439		5,738		3,666		2,214		2,264		2,493		—		33,257
Non-Performing Loans	—		5		—		42		—		144		—		—		191
Installment loans to individuals	$	23,111	$	31,025	$	31,744	$	10,187	$	2,875	$	2,372	$	9,770	$	45	$	111,129
Performing Loans	23,055		30,940		31,661		10,162		2,857		2,330		9,770		25		110,800
Non-Performing Loans	56		85		83		25		18		42		—		20		329
Total loans not subject to risk rating	$	418,342	$	705,395	$	402,225	$	282,162	$	208,553	$	316,206	$	478,327	$	3,845	$	2,815,055
Performing Loans	418,148		704,838		399,043		278,217		206,317		312,930		477,644		3,680		2,800,817
Non-Performing Loans	194		557		3,182		3,945		2,236		3,276		683		165		14,238

20

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	33,805	$	16,455	$	10,381	$	6,396	$	2,826	$	7,201	$	245,485	$	305	$	322,854
Performing Loans	33,794		16,343		10,340		6,026		2,748		7,181		245,059		305		321,796
Non-Performing Loans	11		112		41		370		78		20		426		—		1,058
Lease Financing Receivables	$	32,150	$	25,270	$	10,999	$	4,231	$	1,040	$	2,172	$	—	$	—	$	75,862
Performing Loans	32,150		25,270		10,999		4,231		992		2,172		—		—		75,814
Non-Performing Loans	—		—		—		—		48		—		—		—		48
Real Estate - Construction	$	54,918	$	10,334	$	295	$	153	$	—	$	—	$	343	$	—	$	66,043
Residential	$	53,108	$	9,393	$	295	$	153	$	—	$	—	$	343	$	—	$	63,292
Performing Loans	53,108		9,393		295		153		—		—		343		—		63,292
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,810	$	941	$	—	$	—	$	—	$	—	$	—	$	—	$	2,751
Performing Loans	1,810		941		—		—		—		—		—		—		2,751
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	517,553	$	344,643	$	261,735	$	196,777	$	105,216	$	212,214	$	426,437	$	3,694	$	2,068,269
Primary	$	470,034	$	321,155	$	239,542	$	176,926	$	92,195	$	207,721	$	1,758	$	45	$	1,509,376
Performing Loans	470,034		318,929		235,816		175,219		91,479		205,530		1,747		45		1,498,799
Non-Performing Loans	—		2,226		3,726		1,707		716		2,191		11		—		10,577
Home Equity	$	—	$	203	$	372	$	—	$	45	$	799	$	421,838	$	3,119	$	426,376
Performing Loans	—		203		372		—		45		684		421,516		2,642		425,462
Non-Performing Loans	—		—		—		—		—		115		322		477		914
Rental/Investment	$	34,079	$	20,499	$	18,319	$	17,758	$	11,907	$	3,356	$	2,330	$	530	$	108,778
Performing Loans	34,079		20,404		18,245		17,595		11,901		3,196		2,330		530		108,280
Non-Performing Loans	—		95		74		163		6		160		—		—		498
Land Development	$	13,440	$	2,786	$	3,502	$	2,093	$	1,069	$	338	$	511	$	—	$	23,739
Performing Loans	13,440		2,786		3,502		2,062		1,069		338		511		—		23,708
Non-Performing Loans	—		—		—		31		—		—		—		—		31
Real Estate - Commercial Mortgage	$	81,953	$	71,063	$	56,193	$	47,013	$	35,801	$	15,679	$	10,772	$	488	$	318,962
Owner-Occupied	$	48,814	$	44,606	$	36,661	$	30,266	$	23,974	$	11,608	$	5,919	$	289	$	202,137
Performing Loans	48,814		44,344		36,349		30,097		23,885		11,216		5,904		289		200,898
Non-Performing Loans	—		262		312		169		89		392		15		—		1,239
Non-Owner Occupied	$	20,483	$	18,585	$	14,544	$	13,821	$	8,068	$	3,491	$	1,999	$	147	$	81,138
Performing Loans	20,483		18,460		14,486		13,821		8,068		3,439		1,999		147		80,903
Non-Performing Loans	—		125		58		—		—		52		—		—		235
Land Development	$	12,656	$	7,872	$	4,988	$	2,926	$	3,759	$	580	$	2,854	$	52	$	35,687
Performing Loans	12,656		7,872		4,988		2,922		3,759		466		2,854		52		35,569
Non-Performing Loans	—		—		—		4		—		114		—		—		118
Installment loans to individuals	$	60,133	$	57,198	$	13,704	$	4,019	$	2,459	$	1,535	$	10,661	$	59	$	149,768
Performing Loans	60,081		57,119		13,611		3,986		2,407		1,535		10,661		21		149,421
Non-Performing Loans	52		79		93		33		52		—		—		38		347
Total loans not subject to risk rating	$	780,512	$	524,963	$	353,307	$	258,589	$	147,342	$	238,801	$	693,698	$	4,546	$	3,001,758
Performing Loans	780,449		522,064		349,003		256,112		146,353		235,757		692,924		4,031		2,986,693
Non-Performing Loans	63		2,899		4,304		2,477		989		3,044		774		515		15,065

21

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 4 – Purchased Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 4, all references to “loans” mean purchased loans excluding loans held for sale.

The following is a summary of purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	124,725	$	176,513
Real estate – construction:
Residential	2,564		2,859
Commercial	10,182		28,093
Total real estate – construction	12,746		30,952
Real estate – 1-4 family mortgage:
Primary	166,535		214,770
Home equity	63,088		80,392
Rental/investment	25,944		31,928
Land development	10,950		14,654
Total real estate – 1-4 family mortgage	266,517		341,744
Real estate – commercial mortgage:
Owner-occupied	290,041		323,041
Non-owner occupied	492,917		552,728
Land development	23,902		29,454
Total real estate – commercial mortgage	806,860		905,223
Installment loans to individuals	45,850		59,675
Loans	$	1,256,698	$	1,514,107

22

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Past Due and Nonaccrual Loans

The Company’s policies with respect to placing loans on nonaccrual status or charging off loans, and its accounting for interest on any such loans, are described above in Note 3, “Non Purchased Loans.”

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	376	$	—	$	113,802	$	114,178	$	1,293	$	1,698	$	7,556	$	10,547	$	124,725
Real estate – construction:
Residential	46		—		2,518		2,564		—		—		—		—		2,564
Commercial	—		—		10,182		10,182		—		—		—		—		10,182
Total real estate – construction	46		—		12,700		12,746		—		—		—		—		12,746
Real estate – 1-4 family mortgage:
Primary	1,530		37		160,292		161,859		625		1,958		2,093		4,676		166,535
Home equity	555		—		61,140		61,695		36		680		677		1,393		63,088
Rental/investment	104		—		25,730		25,834		41		56		13		110		25,944
Land development	100		—		10,838		10,938		—		—		12		12		10,950
Total real estate – 1-4 family mortgage	2,289		37		258,000		260,326		702		2,694		2,795		6,191		266,517
Real estate – commercial mortgage:
Owner-occupied	60		—		287,642		287,702		89		654		1,596		2,339		290,041
Non-owner occupied	—		845		484,120		484,965		—		—		7,952		7,952		492,917
Land development	86		55		23,481		23,622		—		138		142		280		23,902
Total real estate – commercial mortgage	146		900		795,243		796,289		89		792		9,690		10,571		806,860
Installment loans to individuals	926		8		44,535		45,469		12		148		221		381		45,850
Loans, net of unearned income	$	3,783	$	945	$	1,224,280	$	1,229,008	$	2,096	$	5,332	$	20,262	$	27,690	$	1,256,698

23

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	818	$	101	$	163,658	$	164,577	$	74	$	2,024	$	9,838	$	11,936	$	176,513
Real estate – construction:
Residential	—		—		2,859		2,859		—		—		—		—		2,859
Commercial	—		—		28,093		28,093		—		—		—		—		28,093
Total real estate – construction	—		—		30,952		30,952		—		—		—		—		30,952
Real estate – 1-4 family mortgage:
Primary	2,394		74		206,635		209,103		687		2,799		2,181		5,667		214,770
Home equity	294		43		78,739		79,076		4		674		638		1,316		80,392
Rental/investment	180		14		30,931		31,125		—		724		79		803		31,928
Land development	109		—		14,231		14,340		—		—		314		314		14,654
Total real estate – 1-4 family mortgage	2,977		131		330,536		333,644		691		4,197		3,212		8,100		341,744
Real estate – commercial mortgage:
Owner-occupied	2,511		—		317,997		320,508		193		447		1,893		2,533		323,041
Non-owner occupied	207		—		544,694		544,901		7,682		—		145		7,827		552,728
Land development	112		—		28,962		29,074		—		164		216		380		29,454
Total real estate – commercial mortgage	2,830		—		891,653		894,483		7,875		611		2,254		10,740		905,223
Installment loans to individuals	2,026		35		57,339		59,400		31		136		108		275		59,675
Loans, net of unearned income	$	8,651	$	267	$	1,474,138	$	1,483,056	$	8,671	$	6,968	$	15,412	$	31,051	$	1,514,107

There was one restructured loan in the aggregate amount of $37 contractually 90 days past due or more and still accruing at June 30, 2021 and three restructured loans in the aggregate amount of $207 contractually 90 days past due or more and still accruing at June 30, 2020. The outstanding balance of restructured loans on nonaccrual status was $18,279 and $7,851 at June 30, 2021 and June 30, 2020, respectively.

Restructured Loans

An explanation of what constitutes a “restructured loan,” and management’s analysis in determining whether to restructure a loan, are described above in Note 3, “Non Purchased Loans.”

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

24

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Real estate – 1-4 family mortgage:
Primary	1	862		862
Three months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	1	$	66	$	68
Home equity	1	159		162
Total real estate – 1-4 family mortgage	2	225		230
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	6	$	1,890	$	1,893

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	1	$	135	$	135
Real estate – 1-4 family mortgage:
Primary	1	862		862
Total	2	$	997	$	997
Six months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	2	290		183
Home equity	1	159		162
Total real estate – 1-4 family mortgage	3	449		345
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	7	$	2,114	$	2,008

With respect to loans that were restructured during the six months ended June 30, 2021 and June 30, 2020, none have subsequently defaulted and remain outstanding as of the date of this report.

25

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	48	$	8,687
Additional advances or loans with concessions	2	1,236
Reductions due to:
Reclassified to nonperforming loans	(3)	(2,470)
Paid in full	(4)	(1,222)
Charge-offs	(1)	(205)
Principal paydowns	—	(154)
Totals at June 30, 2021	42	$	5,872

The allowance for credit losses attributable to restructured loans was $127 and $302 at June 30, 2021 and June 30, 2020, respectively. The Company had $1 and $242 in remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2021 and June 30, 2020, respectively.

As discussed in Note 3, “Non Purchased Loans,” the Company implemented a loan deferral program in response to the COVID-19 pandemic. As of June 30, 2021, the Company had 33 loans with total balances of approximately $2,300 remaining on deferral. Under the applicable guidance, none of these loans were considered “restructured loans.”

26

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Credit Quality

A discussion of the Company’s policies regarding internal risk-rating of loans is discussed above in Note 3, “Non Purchased Loans.” The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	679	$	18,481	$	16,855	$	30,643	$	47,497	$	1,879	$	116,034
Pass	—		—		679		16,261		11,563		23,206		42,942		412		95,063
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		2,220		5,292		7,437		4,555		1,467		20,971
Real Estate - Construction	$	—	$	—	$	—	$	1,005	$	452	$	10,867	$	—	$	—	$	12,324
Residential	$	—	$	—	$	—	$	1,005	$	452	$	685	$	—	$	—	$	2,142
Pass	—		—		—		1,005		452		685		—		—		2,142
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	10,182	$	—	$	—	$	10,182
Pass	—		—		—		—		—		10,182		—		—		10,182
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	11,373	$	4,555	$	30,598	$	888	$	226	$	47,640
Primary	$	—	$	—	$	—	$	4,239	$	2,600	$	13,586	$	—	$	—	$	20,425
Pass	—		—		—		4,239		2,514		9,567		—		—		16,320
Special Mention	—		—		—		—		—		1,014		—		—		1,014
Substandard	—		—		—		—		86		3,005		—		—		3,091
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	651	$	226	$	877
Pass	—		—		—		—		—		—		162		—		162
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		489		226		715
Rental/Investment	$	—	$	—	$	—	$	—	$	1,841	$	14,415	$	237	$	—	$	16,493
Pass	—		—		—		—		1,841		13,564		87		—		15,492
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		851		150		—		1,001
Land Development	$	—	$	—	$	—	$	7,134	$	114	$	2,597	$	—	$	—	$	9,845
Pass	—		—		—		7,134		87		1,184		—		—		8,405
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		27		1,413		—		—		1,440

27

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	57,113	$	159,064	$	528,632	$	9,749	$	14,559	$	769,117
Owner-Occupied	$	—	$	—	$	—	$	14,682	$	33,181	$	217,414	$	3,174	$	2	$	268,453
Pass	—		—		—		14,682		29,288		193,496		3,166		—		240,632
Special Mention	—		—		—		—		1,582		1,971		—		—		3,553
Substandard	—		—		—		—		2,311		21,947		8		2		24,268
Non-Owner Occupied	$	—	$	—	$	—	$	40,506	$	122,120	$	297,530	$	6,380	$	14,557	$	481,093
Pass	—		—		—		24,133		114,441		254,147		6,380		—		399,101
Special Mention	—		—		—		—		—		10,570		—		—		10,570
Substandard	—		—		—		16,373		7,679		32,813		—		14,557		71,422
Land Development	$	—	$	—	$	—	$	1,925	$	3,763	$	13,688	$	195	$	—	$	19,571
Pass	—		—		—		1,925		3,763		7,522		195		—		13,405
Special Mention	—		—		—		—		—		5,253		—		—		5,253
Substandard	—		—		—		—		—		913		—		—		913
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	679	$	87,972	$	180,926	$	600,740	$	58,134	$	16,664	$	945,115
Pass	—		—		679		69,379		163,949		513,553		52,932		412		800,904
Special Mention	—		—		—		—		1,582		18,808		—		—		20,390
Substandard	—		—		—		18,593		15,395		68,379		5,202		16,252		123,821

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	711	$	28,242	$	27,222	$	22,377	$	20,759	$	64,563	$	1,788	$	165,662
Pass	—		711		24,211		20,930		17,240		16,880		56,736		409		137,117
Special Mention	—		—		357		97		104		—		—		—		558
Substandard	—		—		3,674		6,195		5,033		3,879		7,827		1,379		27,987
Real Estate - Construction	$	—	$	—	$	10,522	$	9,228	$	10,781	$	—	$	—	$	—	$	30,531
Residential	$	—	$	—	$	1,543	$	211	$	684	$	—	$	—	$	—	$	2,438
Pass	—		—		1,543		211		684		—		—		—		2,438
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	8,979	$	9,017	$	10,097	$	—	$	—	$	—	$	28,093
Pass	—		—		8,979		9,017		10,097		—		—		—		28,093
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

28

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	14,022	$	7,126	$	1,112	$	38,747	$	957	$	253	$	62,217
Primary	$	—	$	—	$	6,873	$	3,212	$	595	$	17,223	$	249	$	—	$	28,152
Pass	—		—		5,556		3,212		594		12,665		249		—		22,276
Special Mention	—		—		—		—		—		1,120		—		—		1,120
Substandard	—		—		1,317		—		1		3,438		—		—		4,756
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	697	$	253	$	950
Pass	—		—		—		—		—		—		59		—		59
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		638		253		891
Rental/Investment	$	—	$	—	$	—	$	1,883	$	232	$	18,275	$	9	$	—	$	20,399
Pass	—		—		—		1,883		232		16,139		9		—		18,263
Special Mention	—		—		—		—		—		44		—		—		44
Substandard	—		—		—		—		—		2,092		—		—		2,092
Land Development	$	—	$	—	$	7,149	$	2,031	$	285	$	3,249	$	2	$	—	$	12,716
Pass	—		—		7,149		2,009		285		1,793		2		—		11,238
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		22		—		1,456		—		—		1,478
Real Estate - Commercial Mortgage	$	—	$	—	$	76,557	$	153,960	$	171,487	$	435,073	$	22,631	$	4,688	$	864,396
Owner-Occupied	$	—	$	—	$	15,001	$	32,567	$	61,568	$	181,007	$	9,723	$	2	$	299,868
Pass	—		—		15,001		29,276		43,962		161,790		5,808		—		255,837
Special Mention	—		—		—		—		9,670		—		—		—		9,670
Substandard	—		—		—		3,291		7,936		19,217		3,915		2		34,361
Non-Owner Occupied	$	—	$	—	$	55,962	$	117,592	$	107,004	$	242,249	$	12,720	$	4,686	$	540,213
Pass	—		—		37,002		109,910		83,738		221,423		6,431		—		458,504
Special Mention	—		—		2,591		—		5,302		2,622		—		—		10,515
Substandard	—		—		16,369		7,682		17,964		18,204		6,289		4,686		71,194
Land Development	$	—	$	—	$	5,594	$	3,801	$	2,915	$	11,817	$	188	$	—	$	24,315
Pass	—		—		5,594		3,801		2,780		4,962		188		—		17,325
Special Mention	—		—		—		—		—		5,438		—		—		5,438
Substandard	—		—		—		—		135		1,417		—		—		1,552
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	711	$	129,343	$	197,536	$	205,757	$	494,579	$	88,151	$	6,729	$	1,122,806
Pass	—		711		105,035		180,249		159,612		435,652		69,482		409		951,150
Special Mention	—		—		2,948		97		15,076		9,224		—		—		27,345
Substandard	—		—		21,360		17,190		31,069		49,703		18,669		6,320		144,311

29

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	383	$	337	$	2,727	$	5,021	$	223	$	8,691
Performing Loans	—		—		—		383		337		2,727		5,001		223		8,671
Non-Performing Loans	—		—		—		—		—		—		20		—		20
Real Estate - Construction	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Residential	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Performing Loans	—		—		—		422		—		—		—		—		422
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	363	$	2,233	$	26,840	$	131,914	$	55,416	$	2,111	$	218,877
Primary	$	—	$	—	$	243	$	1,684	$	24,349	$	119,577	$	166	$	91	$	146,110
Performing Loans	—		—		243		1,574		23,741		115,772		166		22		141,518
Non-Performing Loans	—		—		—		110		608		3,805		—		69		4,592
Home Equity	$	—	$	—	$	—	$	549	$	2,295	$	2,109	$	55,238	$	2,020	$	62,211
Performing Loans	—		—		—		549		2,295		2,031		54,552		1,618		61,045
Non-Performing Loans	—		—		—		—		—		78		686		402		1,166
Rental/Investment	$	—	$	—	$	120	$	—	$	124	$	9,195	$	12	$	—	$	9,451
Performing Loans	—		—		120		—		124		9,112		12		—		9,368
Non-Performing Loans	—		—		—		—		—		83		—		—		83
Land Development	$	—	$	—	$	—	$	—	$	72	$	1,033	$	—	$	—	$	1,105
Performing Loans	—		—		—		—		72		1,033		—		—		1,105
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	331	$	1,199	$	1,112	$	33,778	$	1,323	$	—	$	37,743
Owner-Occupied	$	—	$	—	$	—	$	644	$	589	$	19,562	$	793	$	—	$	21,588
Performing Loans	—		—		—		644		589		19,301		793		—		21,327
Non-Performing Loans	—		—		—		—		—		261		—		—		261
Non-Owner Occupied	$	—	$	—	$	331	$	404	$	138	$	10,536	$	415	$	—	$	11,824
Performing Loans	—		—		331		404		—		10,409		415		—		11,559
Non-Performing Loans	—		—		—		—		138		127		—		—		265
Land Development	$	—	$	—	$	—	$	151	$	385	$	3,680	$	115	$	—	$	4,331
Performing Loans	—		—		—		151		385		3,625		115		—		4,276
Non-Performing Loans	—		—		—		—		—		55		—		—		55
Installment loans to individuals	$	—	$	—	$	—	$	26,952	$	12,424	$	4,625	$	1,785	$	64	$	45,850
Performing Loans	—		—		—		26,908		12,370		4,367		1,785		32		45,462
Non-Performing Loans	—		—		—		44		54		258		—		32		388
Total loans not subject to risk rating	$	—	$	—	$	694	$	31,189	$	40,713	$	173,044	$	63,545	$	2,398	$	311,583
Performing Loans	—		—		694		31,035		39,913		168,377		62,839		1,895		304,753
Non-Performing Loans	—		—		—		154		800		4,667		706		503		6,830

30

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	—	$	445	$	349	$	303	$	2,899	$	6,809	$	46	$	10,851
Performing Loans	—		—		445		349		303		2,899		6,784		46		10,826
Non-Performing Loans	—		—		—		—		—		—		25		—		25
Real Estate - Construction	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Residential	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Performing Loans	—		—		421		—		—		—		—		—		421
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	371	$	3,082	$	33,674	$	28,169	$	140,689	$	70,870	$	2,672	$	279,527
Primary	$	—	$	248	$	1,953	$	30,078	$	25,956	$	127,642	$	630	$	111	$	186,618
Performing Loans	—		248		1,842		29,321		25,935		122,970		630		25		180,971
Non-Performing Loans	—		—		111		757		21		4,672		—		86		5,647
Home Equity	$	—	$	—	$	742	$	3,324	$	1,668	$	1,027	$	70,120	$	2,561	$	79,442
Performing Loans	—		—		742		3,324		1,668		960		69,518		2,124		78,336
Non-Performing Loans	—		—		—		—		—		67		602		437		1,106
Rental/Investment	$	—	$	123	$	—	$	200	$	193	$	10,893	$	120	$	—	$	11,529
Performing Loans	—		123		—		200		193		10,800		120		—		11,436
Non-Performing Loans	—		—		—		—		—		93		—		—		93
Land Development	$	—	$	—	$	387	$	72	$	352	$	1,127	$	—	$	—	$	1,938
Performing Loans	—		—		387		30		117		1,127		—		—		1,661
Non-Performing Loans	—		—		—		42		235		—		—		—		277
Real Estate - Commercial Mortgage	$	—	$	337	$	597	$	1,063	$	982	$	35,946	$	1,902	$	—	$	40,827
Owner-Occupied	$	—	$	—	$	—	$	625	$	660	$	20,531	$	1,357	$	—	$	23,173
Performing Loans	—		—		—		625		660		20,253		1,357		—		22,895
Non-Performing Loans	—		—		—		—		—		278		—		—		278
Non-Owner Occupied	$	—	$	337	$	443	$	49	$	66	$	11,467	$	153	$	—	$	12,515
Performing Loans	—		337		443		49		66		11,331		153		—		12,379
Non-Performing Loans	—		—		—		—		—		136		—		—		136
Land Development	$	—	$	—	$	154	$	389	$	256	$	3,948	$	392	$	—	$	5,139
Performing Loans	—		—		154		389		256		3,890		392		—		5,081
Non-Performing Loans	—		—		—		—		—		58		—		—		58
Installment loans to individuals	$	—	$	—	$	34,976	$	15,497	$	1,118	$	4,348	$	3,676	$	60	$	59,675
Performing Loans	—		—		34,942		15,405		1,051		4,262		3,676		29		59,365
Non-Performing Loans	—		—		34		92		67		86		—		31		310
Total loans not subject to risk rating	$	—	$	708	$	39,521	$	50,583	$	30,572	$	183,882	$	83,257	$	2,778	$	391,301
Performing Loans	—		708		39,376		49,692		30,249		178,492		82,630		2,224		383,371
Non-Performing Loans	—		—		145		891		323		5,390		627		554		7,930

31

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 5 – Allowance for Credit Losses

(In Thousands)

The following is a summary of total non purchased and purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	1,634,633	$	2,536,984
Lease financing	78,028		80,022
Real estate – construction:
Residential	277,163		246,673
Commercial	774,196		611,431
Total real estate – construction	1,051,359		858,104
Real estate – 1-4 family mortgage:
Primary	1,790,522		1,750,951
Home equity	489,933		513,160
Rental/investment	297,341		296,364
Land development	124,295		137,833
Total real estate – 1-4 family mortgage	2,702,091		2,698,308
Real estate – commercial mortgage:
Owner-occupied	1,663,191		1,657,806
Non-owner occupied	2,742,029		2,747,467
Land development	124,949		149,579
Total real estate – commercial mortgage	4,530,169		4,554,852
Installment loans to individuals	156,987		209,537
Gross loans	10,153,267		10,937,807
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	10,149,242		10,933,647
Allowance for credit losses on loans	(172,354)		(176,144)
Net loans	$	9,976,888	$	10,757,503

Allowance for Credit Losses on Loans

The allowance for credit losses is an estimate of expected losses inherent within the Company’s loans held for investment portfolio and is maintained at a level believed adequate by management to absorb credit losses inherent in the entire loan portfolio. Management evaluates the adequacy of the allowance for credit losses on a quarterly basis. Expected credit loss inherent in non-cancellable off-balance-sheet credit exposures is accounted for as a separate liability in the Consolidated Balance Sheets. The allowance for credit losses on loans held for investment, as reported in the Company’s Consolidated Balance Sheets, is adjusted by a provision for credit losses, which is reported in earnings, and reduced by net charge-offs. Loan losses are charged against the allowance for credit losses when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

The Company has made an accounting policy election to exclude accrued interest from the measurement of the allowance for credit losses in the Company’s loan portfolio. As of June 30, 2021 and December 31, 2020, the Company had accrued interest receivable for loans of $48,774 and $56,459, respectively, which is recorded in the “Other assets” line item on the Consolidated Balance Sheets. Although the Company made the election to exclude accrued interest from the measurement of the allowance for credit losses, the Company did have an allowance for credit losses on interest deferred as part of the loan deferral program of $1,367 and $1,500, respectively, as of June 30, 2021 and December 31, 2020. The decrease in the balance during the first half of 2021 is due to the charge-off of deferred interest balances.

32

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented:

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended June 30, 2021
Allowance for credit losses:
Beginning balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Charge-offs	(1,184)		—		(152)		(171)		—		(1,347)		(2,854)
Recoveries	233		—		401		143		14		1,311		2,102
Net (charge-offs) recoveries	(951)		—		249		(28)		14		(36)		(752)
Provision for credit losses on loans	353		752		(640)		(1,304)		(49)		888		—
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Six Months Ended June 30, 2021
Allowance for credit losses:
Beginning balance	$	39,031	$	16,047	$	32,165	$	76,127	$	1,624	$	11,150	$	176,144
Charge-offs	(4,682)		(52)		(253)		(232)		—		(3,005)		(8,224)
Recoveries	522		13		662		314		25		2,898		4,434
Net (charge-offs) recoveries	(4,160)		(39)		409		82		25		(107)		(3,790)
Provision for credit losses on loans	2,123		(279)		(1,271)		(1,316)		(138)		881		—
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Period-End Amount Allocated to:
Individually evaluated	$	9,121	$	—	$	228	$	4,207	$	—	$	612	$	14,168
Collectively evaluated	27,873		15,729		31,075		70,686		1,511		11,312		158,186
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Loans:
Individually evaluated	$	14,409	$	—	$	5,017	$	20,810	$	—	$	636	$	40,872
Collectively evaluated	1,620,224		1,051,359		2,697,074		4,509,359		74,003		156,351		10,108,370
Ending balance	$	1,634,633	$	1,051,359	$	2,702,091	$	4,530,169	$	74,003	$	156,987	$	10,149,242
Nonaccruing loans with no allowance for credit losses	$	2,826	$	—	$	2,841	$	4,953	$	—	$	10	$	10,630

33

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance	$	25,937	$	10,924	$	27,320	$	44,237	$	1,588	$	10,179	$	120,185
Charge-offs	(1,156)		(532)		(142)		—		—		(1,736)		(3,566)
Recoveries	108		—		48		41		5		1,666		1,868
Net (charge-offs) recoveries	(1,048)		(532)		(94)		41		5		(70)		(1,698)
Provision for credit losses on loans	5,796		2,146		2,175		15,783		219		781		26,900
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Six Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance	$	10,658	$	5,029	$	9,814	$	24,990	$	910	$	761	$	52,162
Impact of the adoption of ASC 326	11,351		3,505		14,314		4,293		521		8,500		42,484
Charge-offs	(1,549)		(532)		(363)		(2,047)		—		(4,424)		(8,915)
Recoveries	298		—		136		1,740		10		4,222		6,406
Net (charge-offs) recoveries	(1,251)		(532)		(227)		(307)		10		(202)		(2,509)
Provision for credit losses on loans	9,927		4,536		5,500		31,085		371		1,831		53,250
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Period-End Amount Allocated to:
Individually evaluated	$	3,882	$	—	$	378	$	550	$	—	$	270	$	5,080
Collectively evaluated	26,803		12,538		29,023		59,511		1,812		10,620		140,307
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Loans:
Individually evaluated	$	9,736	$	—	$	5,142	$	7,883	$	—	$	626	$	23,387
Collectively evaluated	2,631,862		791,108		2,783,371		4,402,870		80,779		283,927		10,973,917
Ending balance	$	2,641,598	$	791,108	$	2,788,513	$	4,410,753	$	80,779	$	284,553	$	10,997,304
Nonaccruing loans with no allowance for credit losses	$	720	$	—	$	2,503	$	3,910	$	—	$	2	$	7,135

The Company did not record a provision for credit losses during the second quarter or first half of 2021, as compared to a provision for credit losses on loans of $26,900 in the second quarter of 2020 and $53,250 in the first half of 2020. The Company’s allowance for credit loss model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. Based on the continual improvements in these forecasts over the last few quarters, the Company determined that additional provisioning during the second quarter of 2021 was not necessary.

Allowance for Credit Losses on Unfunded Loan Commitments

The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses on unfunded loan commitments, please refer to the discussion in

34

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

The following tables provide a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.

Three Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	14,735
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		2,600
Ending balance	$	20,535	$	17,335
Six Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	946
Impact of the adoption of ASC 326	—		10,389
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		6,000
Ending balance	$	20,535	$	17,335

Note 6 – Other Real Estate Owned

(In Thousands)

The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of

valuation allowances and direct write-downs, as of the dates presented:

	Purchased OREO		Non Purchased OREO		Total OREO
June 30, 2021
Residential real estate	$	197	$	64	$	261
Commercial real estate	1,048		1,548		2,596
Residential land development	337		4		341
Commercial land development	1,682		59		1,741
Total	$	3,264	$	1,675	$	4,939
December 31, 2020
Residential real estate	$	72	$	107	$	179
Commercial real estate	1,741		924		2,665
Residential land development	337		676		1,013
Commercial land development	1,777		338		2,115
Total	$	3,927	$	2,045	$	5,972

Changes in the Company’s purchased and non purchased OREO were as follows:

35

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Purchased OREO		Non Purchased OREO		Total OREO
Balance at January 1, 2021	$	3,927	$	2,045	$	5,972
Transfers of loans	967		1,536		2,503
Impairments	(47)		(70)		(117)
Dispositions	(1,492)		(1,836)		(3,328)
Other	(91)		—		(91)
Balance at June 30, 2021	$	3,264	$	1,675	$	4,939

At June 30, 2021 and December 31, 2020, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $58 and $1,308, respectively.

Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Repairs and maintenance	$	22	$	85	$	42	$	170
Property taxes and insurance	37		16		48		149
Impairments	47		630		117		827
Net losses (gains) on OREO sales	6		(101)		(50)		(89)
Rental income	(8)		(10)		(12)		(19)
Total	$	104	$	620	$	145	$	1,038

Note 7 – Goodwill and Other Intangible Assets

(In Thousands)

The carrying amounts of goodwill by operating segments for the six months ended June 30, 2021 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2021	$	936,916	$	2,767	$	939,683
Additions to goodwill and other adjustments	—		—		—
Balance at June 30, 2021	$	936,916	$	2,767	$	939,683

The following table provides a summary of finite-lived intangible assets as of the dates presented:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
June 30, 2021
Core deposit intangibles	$	82,492	$	(56,584)	$	25,908
Customer relationship intangible	2,470		(1,375)		1,095
Total finite-lived intangible assets	$	84,962	$	(57,959)	$	27,003
December 31, 2020
Core deposit intangibles	$	82,492	$	(53,539)	$	28,953
Customer relationship intangible	2,470		(1,284)		1,186
Total finite-lived intangible assets	$	84,962	$	(54,823)	$	30,139

Current year amortization expense for finite-lived intangible assets is presented in the table below.

36

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Amortization expense for:
Core deposit intangibles	$	1,494	$	1,789	$	3,046	$	3,639
Customer relationship intangible	45		45		91		90
Total intangible amortization	$	1,539	$	1,834	$	3,137	$	3,729

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2021 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2021	$	5,860	$	181	$	6,041
2022	4,940		181		5,121
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,103		181		3,284

Note 8 – Mortgage Servicing Rights

(In Thousands)

The Company retains the right to service certain mortgage loans that it sells to secondary market investors. These mortgage servicing rights (“MSRs”) are recognized as a separate asset on the date the corresponding mortgage loan is sold. MSRs are amortized in proportion to and over the period of estimated net servicing income. These servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions, including expected cash flows, prepayment speeds, market discount rates, servicing costs, and other factors, and is subject to significant fluctuation as a result of actual prepayment speeds, default rates and losses differing from estimates thereof. For example, a decline in mortgage interest rates or an increase in actual prepayment speeds may cause negative adjustments to the valuation of the Company’s MSRs.

Servicing rights are evaluated for impairment (or reversals of prior impairments) quarterly based upon the fair value of the rights as compared to the carrying amount. Impairment is recognized through a valuation allowance in the amount that unamortized cost exceeds fair value. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the valuation allowance may be recorded as an increase to income. Changes in valuation allowances related to servicing rights are reported in “Mortgage banking income” on the Consolidated Statements of Income.

There was a positive valuation adjustment of $13,561 during the six months ended June 30, 2021 on MSRs. This positive adjustment primarily arose from an increase in mortgage interest rates and a corresponding decrease in actual prepayment speeds. During the six months ended June 30, 2020 there was a negative valuation adjustment of $14,522 which was caused by a difference between actual prepayment speeds and the Company’s assumptions with respect to prepayment speeds.

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2021	$	62,994
Capitalization	19,922
Amortization	(11,565)
Valuation adjustment	13,561
Balance at June 30, 2021	$	84,912

Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented:

37

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	June 30, 2021			December 31, 2020
Unpaid principal balance	$	8,364,217		$	7,322,671
Weighted-average prepayment speed (CPR)	12.07		%	15.05		%
Estimated impact of a 10% increase	$	(4,177)		$	(4,001)
Estimated impact of a 20% increase	(8,080)			(7,674)
Discount rate	9.81		%	9.86		%
Estimated impact of a 10% increase	$	(3,212)		$	(2,144)
Estimated impact of a 20% increase	(6,198)			(4,144)
Weighted-average coupon interest rate	3.38		%	3.58		%
Weighted-average servicing fee (basis points)	30.28			29.94
Weighted-average remaining maturity (in years)	6.09			5.14

The Company recorded servicing fees of $4,616 and $2,990 for the three months ended June 30, 2021 and 2020, respectively, and servicing fees of $8,687 and $5,612 for the six months ended June 30, 2021 and 2020, respectively, all of which are included in “Mortgage banking income” in the Consolidated Statements of Income.

Note 9 - Employee Benefit and Deferred Compensation Plans

(In Thousands, Except Share Data)

Pension and Post-retirement Medical Plans

The Company sponsors a noncontributory defined benefit pension plan, under which participation and benefit accruals ceased as of December 31, 1996, and it provides retiree medical benefits, consisting of the opportunity to purchase coverage at subsidized rates under the Company’s group medical plan.

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
	June 30,				June 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	1	$	1
Interest cost	175		250		3		2
Expected return on plan assets	(441)		(413)		—		—
Recognized actuarial loss (gain)	78		96		(2)		(27)
Net periodic (return) benefit cost	$	(188)	$	(67)	$	2	$	(24)

	Pension Benefits				Other Benefits
	Six Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	2	$	3
Interest cost	341		492		7		7
Expected return on plan assets	(884)		(826)		—		—
Recognized actuarial loss (gain)	132		175		(2)		(45)
Net periodic (return) benefit cost	$	(411)	$	(159)	$	7	$	(35)

38

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Incentive Compensation Plans

The Company maintains a long-term equity compensation plan that provides for the grant of stock options and the award of restricted stock. There were no stock options granted, nor compensation expense associated with options recorded, during the six months ended June 30, 2021 or 2020.

The following table summarizes information about options outstanding, exercised and forfeited as of and for the six months ended June 30, 2021:

	Shares	Weighted Average Exercise Price
Options outstanding at beginning of period	10,500	$	14.96
Granted	—	—
Exercised	(5,000)	14.96
Forfeited	—	—
Options outstanding at end of period	5,500	$	14.96

The Company also awards performance-based restricted stock to executives and other officers and employees and time-based restricted stock to non-employee directors, executives, and other officers and employees.

The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2021:

	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	132,827	$	32.88	548,416	$	34.15
Awarded	78,230	34.02		250,483	37.24
Vested	—	—		(126,121)	37.20
Cancelled	—	—		(53,007)	37.67
Nonvested at end of period	211,057	$	33.30	619,771	$	34.48

During the six months ended June 30, 2021, the Company reissued 126,147 shares from treasury in connection with the exercise of stock options and awards of restricted stock. The Company recorded total stock-based compensation expense of $2,385 and $2,998 for the three months ended June 30, 2021 and 2020, respectively and $5,141 and $5,748 for the six months ended June 30, 2021 and 2020, respectively.

Note 10 – Derivative Instruments

(In Thousands)

The Company uses certain derivative instruments to meet the needs of customers as well as to manage the interest rate risk associated with certain transactions.

Non-hedge derivatives

The Company enters into derivative instruments that are not designated as hedging instruments to help its commercial customers manage their exposure to interest rate fluctuations. To mitigate the interest rate risk associated with these customer contracts, the Company enters into an offsetting derivative contract position. The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures.

The Company enters into interest rate lock commitments with its customers to mitigate the interest rate risk associated with the commitments to fund fixed-rate residential mortgage loans. The Company also enters into forward commitments to sell residential mortgage loans to secondary market investors.

39

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate contracts	Other Assets	$	204,113	$	6,450	$	222,933	$	9,884
Interest rate lock commitments	Other Assets	517,860		10,448		589,701		19,824
Forward commitments	Other Assets	73,000		68		—		—
Totals		$	794,973	$	16,966	$	812,634	$	29,708
Derivative liabilities:
Interest rate contracts	Other Liabilities	$	204,113	$	6,450	$	222,933	$	9,884
Interest rate lock commitments	Other Liabilities	10,908		28		—		—
Forward commitments	Other Liabilities	723,000		1,878		716,000		5,090
Totals		$	938,021	$	8,356	$	938,933	$	14,974

Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Interest rate contracts:
Included in interest income on loans	$	836	$	523	$	1,206	$	1,259
Interest rate lock commitments:
Included in mortgage banking income	(1,082)		2,924		(9,404)		24,745
Forward commitments
Included in mortgage banking income	(15,523)		11,321		3,280		(4,149)
Total	$	(15,769)	$	14,768	$	(4,918)	$	21,855

Derivatives designated as cash flow hedges

Cash flow hedge relationships mitigate exposure to the variability of future cash flow or other forecasted transactions. The Company uses interest rate swap contracts in an effort to manage future interest rate exposure on borrowings. The hedging strategy converts the LIBOR-based variable interest rate on the forecasted borrowings to a fixed interest rate. As of June 30, 2021, the Company is hedging its exposure to the variability of future cash flows through 2030 and a portion of these hedges are forward starting.

The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate swaps	Other Assets	$	200,000	$	10,504	$	175,000	$	3,866
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	62,000	$	4,062	$	87,000	$	5,924

Changes in fair value of the cash flow hedges are, to the extent that the hedging relationship is effective, recorded as other comprehensive income and are subsequently recognized in earnings at the same time that the hedged item is recognized in earnings. The ineffective portions of the changes in fair value of the hedging instruments are immediately recognized in earnings. The assessment of the effectiveness of the hedging relationship is evaluated under the hypothetical derivative method. There were no ineffective portions for the six months ended June 30, 2021 or 2020. The impact on other comprehensive income for the six months ended June 30, 2021 and 2020 is discussed in Note 13, “Other Comprehensive Income (Loss).”

40

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Derivatives designated as fair value hedges

Fair value hedges protect against changes in the fair value of an asset, liability, or firm commitment. The Company enters into interest rate swap agreements to manage interest rate exposure on certain of the Company’s fixed-rate subordinated notes. The agreements convert the fixed interest rates to LIBOR-based variable interest rates.

The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	100,000	$	4,386	$	100,000	$	209

The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented:

		Amount of Gain (Loss) Recognized in Income
	Income Statement	Three Months Ended June 30,				Six Months Ended June 30,
	Location	2021		2020		2021		2020
Derivative liabilities:
Interest rate swaps - subordinated notes	Interest Expense	$	3,264	$	—	$	(4,177)	$	—
Derivative liabilities - hedged items:
Interest rate swaps - subordinated notes	Interest Expense	$	(3,264)	$	—	$	4,177	$	—

The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented:

	Carrying Amount of the Hedged Liability				Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability
Balance Sheet Location	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Long-term debt	$	94,024	$	98,114	$	4,386	$	209

Offsetting

Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when the “right of offset” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to determine a net receivable or net payable upon early termination of the agreement. Certain of the Company’s derivative instruments are subject to master netting agreements; however, the Company has not elected to offset such financial instruments in the Consolidated Balance Sheets. The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

41

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Gross amounts recognized	$	10,643	$	3,866	$	16,705	$	21,107
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	10,643		3,866		16,705		21,107
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	5,987		3,866		5,987		3,866
Financial collateral pledged	—		—		9,092		14,042
Net amounts	$	4,656	$	—	$	1,626	$	3,199

Note 11 – Income Taxes

(In Thousands)

The following table is a summary of the Company’s temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities and their approximate tax effects as of the dates presented.

	June 30,		December 31,
	2021		2020
Deferred tax assets
Allowance for credit losses	$	53,316	$	53,597
Loans	4,123		5,526
Deferred compensation	12,280		13,114
Investment in partnerships	114		—
Impairment of assets	655		1,067
Net operating loss carryforwards	1,477		1,857
Lease liabilities under operating leases	16,804		17,732
Other	4,043		3,539
Total deferred tax assets	92,812		96,432
Deferred tax liabilities
Net unrealized gains on securities	6,501		8,434
Investment in partnerships	—		793
Fixed assets	1,942		3,285
Mortgage servicing rights	20,211		14,623
Junior subordinated debt	2,200		2,245
Intangibles	3,524		3,882
Lease right-of-use asset	15,907		16,833
Other	903		1,672
Total deferred tax liabilities	51,188		51,767
Net deferred tax assets	$	41,624	$	44,665

For the six months ended June 30, 2021 and 2020, the Company recorded a provision for income taxes totaling $24,387 and $5,410, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences. During the second quarter of 2021 the Company recognized a one-time state tax credit investment of $3,460 which reduced income taxes as a discrete item. The effective tax rate, excluding discrete items, was 22.21% and 19.64% for the six months ended June 30, 2021 and 2020, respectively.

42

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The Company and its subsidiaries file a consolidated U.S. federal income tax return. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and state departments of revenue for the years ending December 31, 2017 through December 31, 2019.

Note 12 – Fair Value Measurements

(In Thousands)

Fair Value Measurements and the Fair Level Hierarchy

FASB Accounting Standards Codification Topic (“ASC”) 820, “Fair Value Measurements and Disclosures,” provides guidance for using fair value to measure assets and liabilities and also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to a valuation based on quoted prices in active markets for identical assets and liabilities (Level 1), moderate priority to a valuation based on quoted prices in active markets for similar assets and liabilities and/or based on assumptions that are observable in the market (Level 2), and the lowest priority to a valuation based on assumptions that are not observable in the market (Level 3).

Recurring Fair Value Measurements

The Company carries certain assets and liabilities at fair value on a recurring basis in accordance with applicable standards. The Company’s recurring fair value measurements are based on the requirement to carry such assets and liabilities at fair value or the Company’s election to carry certain eligible assets and liabilities at fair value. Assets and liabilities that are required to be carried at fair value on a recurring basis include securities available for sale and derivative instruments. The Company has elected to carry mortgage loans held for sale at fair value on a recurring basis as permitted under the guidance in ASC 825, “Financial Instruments” (“ASC 825”).

The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets and liabilities that are measured on a recurring basis:

Securities available for sale: Securities available for sale consist primarily of debt securities, such as obligations of U.S. Government agencies and corporations, obligations of states and political subdivisions, mortgage-backed securities and trust preferred securities. Where quoted market prices in active markets are available, securities are classified within Level 1 of the fair value hierarchy. If quoted prices from active markets are not available, fair values are based on quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active, or model-based valuation techniques where all significant assumptions are observable in the market. Such instruments are classified within Level 2 of the fair value hierarchy. When assumptions used in model-based valuation techniques are not observable in the market, the assumptions used by management reflect estimates of assumptions used by other market participants in determining fair value. When there is limited transparency around the inputs to the valuation, the instruments are classified within Level 3 of the fair value hierarchy.

Derivative instruments: Most of the Company’s derivative contracts are extensively traded in over-the-counter markets and are valued using discounted cash flow models which incorporate observable market based inputs including current market interest rates, credit spreads, and other factors. Such instruments are categorized within Level 2 of the fair value hierarchy and include interest rate swaps and other interest rate contracts such as interest rate caps and/or floors. The Company’s interest rate lock commitments are valued using current market prices for mortgage-backed securities with similar characteristics, adjusted for certain factors including servicing and risk. The value of the Company’s forward commitments is based on current prices for securities backed by similar types of loans. Because these assumptions are observable in active markets, the Company’s interest rate lock commitments and forward commitments are categorized within Level 2 of the fair value hierarchy.

Mortgage loans held for sale in loans held for sale: Mortgage loans held for sale are primarily agency loans which trade in active secondary markets. The fair value of these instruments is derived from current market pricing for similar loans, adjusted for differences in loan characteristics, including servicing and risk. Because the valuation is based on external pricing of similar instruments, mortgage loans held for sale are classified within Level 2 of the fair value hierarchy.

The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:

43

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Level 1		Level 2		Level 3		Totals
June 30, 2021
Financial assets:
Securities available for sale	$	—	$	2,163,820	$	—	$	2,163,820
Derivative instruments	—		27,470		—		27,470
Mortgage loans held for sale in loans held for sale	—		448,959		—		448,959
Total financial assets	$	—	$	2,640,249	$	—	$	2,640,249
Financial liabilities:
Derivative instruments:	$	—	$	16,804	$	—	$	16,804

	Level 1		Level 2		Level 3		Totals
December 31, 2020
Financial assets:
Trust preferred securities	$	—	$	—	$	9,012	$	9,012
Other available for sale securities	—		1,334,445		—		1,334,445
Total securities available for sale	—		1,334,445		9,012		1,343,457
Derivative instruments	—		33,574		—		33,574
Mortgage loans held for sale in loans held for sale	—		417,771		—		417,771
Total financial assets	$	—	$	1,785,790	$	9,012	$	1,794,802
Financial liabilities:
Derivative instruments	$	—	$	21,107	$	—	$	21,107

The Company reviews fair value hierarchy classifications on a quarterly basis. Changes in the Company’s ability to observe inputs to the valuation may cause reclassification of certain assets or liabilities within the fair value hierarchy. Transfers between levels of the hierarchy are deemed to have occurred at the end of period. There were no such transfers between levels of the fair value hierarchy during the six months ended June 30, 2021.

The following tables provide a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented:

	2021		2020
Three Months Ended June 30, 2021	Trust preferred securities		Trust preferred securities
Three Months Ended June 30,
Balance at beginning of period	$	—	$	8,604
Accretion included in net income	—		9
Unrealized losses included in other comprehensive income	—		(903)
Settlements	—		(31)
Balance at end of period	$	—	$	7,679
Six Months Ended June 30,
Balance at beginning of period	$	9,012	$	9,986
Accretion included in net income	7		18
Unrealized gains (losses) included in other comprehensive income	941		(2,222)
Realized losses	2,061		—
Purchases	(12,021)		—
Settlements	—		(103)
Balance at end of period	$	—	$	7,679

44

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

For each of the three and six months ended June 30, 2021 and 2020, respectively, there were no gains or losses included in earnings that were attributable to the change in unrealized gains or losses related to assets or liabilities held at the end of each respective period that were measured on a recurring basis using significant unobservable inputs.

Nonrecurring Fair Value Measurements

Certain assets and liabilities may be recorded at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically are a result of the application of the lower of cost or market accounting or a write-down occurring during the period. The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:

June 30, 2021	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	11,150	$	11,150
OREO	—		—		549		549
Mortgage servicing rights	—		—		84,912		84,912
Total	$	—	$	—	$	96,611	$	96,611

December 31, 2020	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	24,145	$	24,145
OREO	—		—		2,736		2,736
Mortgage servicing rights	—		—		62,994		62,994
Total	$	—	$	—	$	89,875	$	89,875

The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets measured on a nonrecurring basis:

Individually evaluated loans: Loans are individually evaluated for credit losses each quarter taking into account the fair value of the collateral less estimated selling costs. Collateral may be real estate and/or business assets including but not limited to equipment, inventory and accounts receivable. The fair value of real estate is determined based on appraisals by qualified licensed appraisers. The fair value of the business assets is generally based on amounts reported on the business’s financial statements. Appraised and reported values may be adjusted based on changes in market conditions from the time of valuation and management’s knowledge of the client and the client’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3. Individually evaluated loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. Individually evaluated loans that were measured or re-measured at fair value had a carrying value of $16,141 and $36,990 at June 30, 2021 and December 31, 2020, respectively, and a specific reserve for these loans of $4,991 and $12,845 was included in the allowance for credit losses as of such dates.

Other real estate owned: OREO is comprised of commercial and residential real estate obtained in partial or total satisfaction of loan obligations. OREO acquired in settlement of indebtedness is recorded at the fair value of the real estate less estimated costs to sell. Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value. Fair value, when recorded, is determined based on appraisals by qualified licensed appraisers and adjusted for management’s estimates of costs to sell. Accordingly, values for OREO are classified as Level 3.

The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented:

	June 30, 2021		December 31, 2020
Carrying amount prior to remeasurement	$	596	$	4,051
Impairment recognized in results of operations	(47)		(1,315)
Fair value	$	549	$	2,736

45

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Mortgage servicing rights: Mortgage servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, prepayment speeds, servicing costs, and other factors. Because these factors are not all observable and include management’s assumptions, mortgage servicing rights are classified within Level 3 of the fair value hierarchy. Mortgage servicing rights were carried at amortized cost at June 30, 2021 and fair value at December 31, 2020. There were $13,561 of positive valuation adjustments on MSRs during the six months ended June 30, 2021 and $14,522 of negative valuation adjustments recognized during the six months ended June 30, 2020.

The following table presents information as of June 30, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

Financial instrument	Fair Value		Valuation Technique	Significant Unobservable Inputs	Range of Inputs
Individually evaluated loans, net of allowance for credit losses	$	11,150	Appraised value of collateral less estimated costs to sell	Estimated costs to sell	4-10%
OREO	$	549	Appraised value of property less estimated costs to sell	Estimated costs to sell	4-10%

Fair Value Option

The Company has elected to measure all mortgage loans held for sale at fair value under the fair value option as permitted under ASC 825. Electing to measure these assets at fair value reduces certain timing differences and better matches the changes in fair value of the loans with changes in the fair value of derivative instruments used to economically hedge them.

Net losses of $7,520 and net gains of $9,617 resulting from fair value changes of these mortgage loans were recorded in income during the six months ended June 30, 2021 and 2020, respectively. The amount does not reflect changes in fair values of related derivative instruments used to hedge exposure to market-related risks associated with these mortgage loans. The change in fair value of both mortgage loans held for sale and the related derivative instruments are recorded in “Mortgage banking income” in the Consolidated Statements of Income.

The Company’s valuation of mortgage loans held for sale incorporates an assumption for credit risk; however, given the short-term period that the Company holds these loans, valuation adjustments attributable to instrument-specific credit risk is nominal. Interest income on mortgage loans held for sale measured at fair value is accrued as it is earned based on contractual rates and is reflected in loan interest income on the Consolidated Statements of Income.

The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of June 30, 2021 and December 31, 2020:

	Aggregate Fair Value		Aggregate Unpaid Principal Balance		Difference
June 30, 2021
Mortgage loans held for sale measured at fair value	$	448,959	$	434,310	$	14,649
December 31, 2020
Mortgage loans held for sale measured at fair value	$	417,771	$	395,602	$	22,169

Fair Value of Financial Instruments

The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:

46

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

			Fair Value
As of June 30, 2021	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,605,488	$	1,605,488	$	—	$	—	$	1,605,488
Securities available for sale	2,163,820		—		2,163,820		—		2,163,820
Loans held for sale	448,959		—		448,959		—		448,959
Loans, net	9,976,888		—		—		9,868,318		9,868,318
Mortgage servicing rights	84,912		—		—		87,531		87,531
Derivative instruments	27,470		—		27,470		—		27,470
Financial liabilities
Deposits	$	13,115,351	$	11,582,111	$	1,537,071	$	—	$	13,119,182
Short-term borrowings	14,933		14,933		—		—		14,933
Federal Home Loan Bank advances	150,434		—		155,828		—		155,828
Junior subordinated debentures	111,083		—		100,243		—		100,243
Subordinated notes	207,889		—		219,676		—		219,676
Derivative instruments	16,804		—		16,804		—		16,804

			Fair Value
As of December 31, 2020	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	633,203	$	633,203	$	—	$	—	$	633,203
Securities available for sale	1,343,457		—		1,334,445		9,012		1,343,457
Loans held for sale	417,771		—		417,771		—		417,771
Loans, net	10,757,503		—		—		10,668,625		10,668,625
Mortgage servicing rights	62,994		—		—		62,994		62,994
Derivative instruments	33,574		—		33,574		—		33,574
Financial liabilities
Deposits	$	12,059,081	$	10,363,193	$	1,706,005	$	—	$	12,069,198
Short-term borrowings	21,340		21,340		—		—		21,340
Federal Home Loan Bank advances	152,167		—		158,914		—		158,914
Junior subordinated debentures	110,794		—		93,092		—		93,092
Subordinated notes	212,009		—		217,575		—		217,575
Derivative instruments	21,107		—		21,107		—		21,107

47

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 13 – Other Comprehensive Income (Loss)

(In Thousands)

Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented:

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended June 30, 2021
Securities available for sale:
Unrealized holding gains on securities	$	4,965	$	1,263	$	3,702
Total securities available for sale	4,965		1,263		3,702
Derivative instruments:
Unrealized holding losses on derivative instruments	(6,234)		(1,586)		(4,648)
Total derivative instruments	(6,234)		(1,586)		(4,648)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	76		19		57
Total defined benefit pension and post-retirement benefit plans	76		19		57
Total other comprehensive loss	$	(1,193)	$	(304)	$	(889)
Three months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	3,496	$	893	$	2,603
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	3,465		885		2,580
Derivative instruments:
Unrealized holding losses on derivative instruments	(1,064)		(271)		(793)
Total derivative instruments	(1,064)		(271)		(793)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	68		17		51
Total defined benefit pension and post-retirement benefit plans	68		17		51
Total other comprehensive income	$	2,469	$	631	$	1,838

48

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Six months ended June 30, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(15,079)	$	(3,838)	$	(11,241)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(16,436)		(4,183)		(12,253)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,500		2,164		6,336
Total derivative instruments	8,500		2,164		6,336
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		31		99
Total defined benefit pension and post-retirement benefit plans	130		31		99
Total other comprehensive loss	$	(7,806)	$	(1,988)	$	(5,818)
Six months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	25,885	$	6,588	$	19,297
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	25,854		6,580		19,274
Derivative instruments:
Unrealized holding losses on derivative instruments	(5,092)		(1,296)		(3,796)
Total derivative instruments	(5,092)		(1,296)		(3,796)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		33		97
Total defined benefit pension and post-retirement benefit plans	130		33		97
Total other comprehensive income	$	20,892	$	5,317	$	15,575

The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented:

	June 30, 2021		December 31, 2020
Unrealized gains on securities	$	18,674	$	42,246
Non-credit related portion of previously recorded other-than-temporary impairment on securities	—		(11,319)
Unrealized gains (losses) on derivative instruments	5,698		(638)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,122)		(5,221)
Total accumulated other comprehensive income	$	19,250	$	25,068

49

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 14 – Net Income Per Common Share

(In Thousands, Except Share Data)

Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested and outstanding stock options were exercised into common shares, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented:

	Three Months Ended
	June 30,
	2021		2020
Basic
Net income applicable to common stock	$	40,867	$	20,130
Average common shares outstanding	56,325,717		56,165,452
Net income per common share - basic	$	0.73	$	0.36
Diluted
Net income applicable to common stock	$	40,867	$	20,130
Average common shares outstanding	56,325,717		56,165,452
Effect of dilutive stock-based compensation	310,181		160,024
Average common shares outstanding - diluted	56,635,898		56,325,476
Net income per common share - diluted	$	0.72	$	0.36

	Six Months Ended
	June 30,
	2021		2020
Basic
Net income applicable to common stock	$	98,775	$	22,138
Average common shares outstanding	56,283,195		56,350,134
Net income per common share - basic	$	1.75	$	0.39
Diluted
Net income applicable to common stock	$	98,775	$	22,138
Average common shares outstanding	56,283,195		56,350,134
Effect of dilutive stock-based compensation	295,385		164,465
Average common shares outstanding - diluted	56,578,580		56,514,599
Net income per common share - diluted	$	1.75	$	0.39

Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:

	Three Months Ended
	June 30,
	2021	2020
Number of shares	19,929	264,183
Exercise prices (for stock option awards)	—	—

	Six Months Ended
	June 30,
	2021	2020
Number of shares	19,929	247,093
Exercise prices (for stock option awards)	—	—

50

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 15 – Regulatory Matters

(In Thousands)

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency have issued guidelines governing the levels of capital that bank holding companies and banks must maintain. Those guidelines specify capital tiers, which include the following classifications:

Capital Tiers	Tier 1 Capital to Average Assets (Leverage)	Common Equity Tier 1 to Risk - Weighted Assets	Tier 1 Capital to Risk - Weighted Assets	Total Capital to Risk - Weighted Assets
Well capitalized	5% or above	6.5% or above	8% or above	10% or above
Adequately capitalized	4% or above	4.5% or above	6% or above	8% or above
Undercapitalized	Less than 4%	Less than 4.5%	Less than 6%	Less than 8%
Significantly undercapitalized	Less than 3%	Less than 3%	Less than 4%	Less than 6%
Critically undercapitalized	Tangible Equity / Total Assets less than 2%

The following table provides the capital and risk-based capital and leverage ratios for the Company and for the Bank as of the dates presented:

	June 30, 2021				December 31, 2020
	Amount		Ratio		Amount		Ratio
Renasant Corporation
Tier 1 Capital to Average Assets (Leverage)	$	1,385,657	9.30	%	$	1,306,597	9.37	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,278,165		11.14	%	1,199,394		10.93	%
Tier 1 Capital to Risk-Weighted Assets	1,385,657		12.07	%	1,306,597		11.91	%
Total Capital to Risk-Weighted Assets	1,734,376		15.11	%	1,653,694		15.07	%
Renasant Bank
Tier 1 Capital to Average Assets (Leverage)	$	1,444,582	9.70	%	$	1,369,994	9.83	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,444,582		12.59	%	1,369,994		12.49	%
Tier 1 Capital to Risk-Weighted Assets	1,444,582		12.59	%	1,369,994		12.49	%
Total Capital to Risk-Weighted Assets	1,581,025		13.78	%	1,504,985		13.73	%

Common equity Tier 1 capital (“CET1”) generally consists of common stock, retained earnings, accumulated other comprehensive income and certain minority interests, less certain adjustments and deductions. In addition, the Company must maintain a “capital conservation buffer,” which is a specified amount of CET1 capital in addition to the amount necessary to meet minimum risk-based capital requirements. The capital conservation buffer is designed to absorb losses during periods of economic stress. If the Company’s ratio of CET1 to risk-weighted capital is below the capital conservation buffer, the Company will face restrictions on its ability to pay dividends, repurchase outstanding stock and make certain discretionary bonus payments. The required capital conservation buffer is 2.5% of CET1 to risk-weighted assets in addition to the amount necessary to meet minimum risk-based capital requirements. As shown in the tables above, as of June 30, 2021, the Company’s CET1 capital was in excess of the capital conservation buffer.

The Company has elected to take advantage of transitional relief offered by the Federal Reserve and the FDIC to delay for two years the estimated impact of Accounting Standards Codification Topic 326, “Financial Instruments - Credit Losses” (“ASC

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Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

326”), often referred to as CECL, on regulatory capital, followed by a three-year transitional period to phase out the capital benefit provided by the two-year delay.

Note 16 – Segment Reporting

(In Thousands)

The operations of the Company’s reportable segments are described as follows:

•The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending and equipment leasing, as well as safe deposit and night depository facilities.

•The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers.

•The Wealth Management segment, through the Trust division, offers a broad range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts. In addition, the Wealth Management segment, through the Financial Services division, provides specialized products and services to customers, which include fixed and variable annuities, mutual funds and other investment services through a third party broker-dealer.

In order to give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts.

The following tables provide financial information for the Company’s operating segments as of and for the periods presented:

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Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Community Banks		Insurance		Wealth Management		Other		Consolidated
Three months ended June 30, 2021
Net interest income (loss)	$	112,780	$	111	$	396	$	(3,708)	$	109,579
Provision for loan losses	—		—		—		—		—
Noninterest income	40,149		2,475		5,430		(444)		47,610
Noninterest expense	102,426		1,987		4,047		317		108,777
Income (loss) before income taxes	50,503		599		1,779		(4,469)		48,412
Income tax expense (benefit)	8,547		153		—		(1,155)		7,545
Net income (loss)	$	41,956	$	446	$	1,779	$	(3,314)	$	40,867
Total assets	$	15,910,027	$	31,978	$	63,656	$	16,725	$	16,022,386
Goodwill	$	936,916	$	2,767	—		—		$	939,683
Three months ended June 30, 2020
Net interest income (loss)	$	108,110	$	111	$	397	$	(2,836)	$	105,782
Provision for loan losses	26,861		—		39		—		26,900
Noninterest income	58,115		2,153		4,312		(410)		64,170
Noninterest expense	112,776		1,848		3,452		209		118,285
Income (loss) before income taxes	26,588		416		1,218		(3,455)		24,767
Income tax expense (benefit)	5,425		111		—		(899)		4,637
Net income (loss)	$	21,163	$	305	$	1,218	$	(2,556)	$	20,130
Total assets	$	14,775,811	$	29,095	$	68,257	$	24,044	$	14,897,207
Goodwill	$	936,916	$	2,767	—		—		$	939,683

	Community Banks		Insurance		Wealth Management		Other		Consolidated
Six months ended June 30, 2021
Net interest income (loss)	$	225,728	$	218	$	780	$	(7,499)	$	219,227
Provision for credit losses	—		—		—		—		—
Noninterest income (loss)	113,219		5,723		10,601		(896)		128,647
Noninterest expense	212,012		3,910		8,148		642		224,712
Income (loss) before income taxes	126,935		2,031		3,233		(9,037)		123,162
Income tax expense (benefit)	26,203		520		—		(2,336)		24,387
Net income (loss)	$	100,732	$	1,511	$	3,233	$	(6,701)	$	98,775
Total assets	$	15,910,027	$	31,978	$	63,656	$	16,725	$	16,022,386
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683
Six months ended June 30, 2020
Net interest income (loss)	$	216,970	$	298	$	847	$	(5,731)	$	212,384
Provision for credit losses	53,073		—		177		—		53,250
Noninterest income (loss)	88,798		5,093		8,656		(807)		101,740
Noninterest expense (benefit)	222,060		3,734		7,397		135		233,326
Income (loss) before income taxes	30,635		1,657		1,929		(6,673)		27,548
Income tax expense (benefit)	6,705		441		—		(1,736)		5,410
Net income (loss)	$	23,930	$	1,216	$	1,929	$	(4,937)	$	22,138
Total assets	$	14,775,811	$	29,095	$	68,257	$	24,044	$	14,897,207
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(In Thousands, Except Share Data)

This Form 10-Q may contain or incorporate by reference statements regarding Renasant Corporation (referred to herein as the “Company”, “we”, “our”, or “us”) that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “projects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “possible,” “may increase,” “may fluctuate,” “will likely result,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company’s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.

Important factors currently known to management that could cause our actual results to differ materially from those in forward-looking statements include the following: (i) the continued impact of the COVID-19 pandemic and related governmental response measures on the U.S. economy and the economies of the markets in which we operate; (ii) the Company’s ability to efficiently integrate acquisitions into its operations, retain the customers of these businesses, grow the acquired operations and realize the cost savings expected from an acquisition to the extent and in the timeframe anticipated by management; (iii) the effect of economic conditions and interest rates on a national, regional or international basis; (iv) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (v) competitive pressures in the consumer finance, commercial finance, insurance, financial services, asset management, retail banking, mortgage lending and auto lending industries; (vi) the financial resources of, and products available from, competitors; (vii) changes in laws and regulations as well as changes in accounting standards; (viii) changes in policy by regulatory agencies; (ix) changes in the securities and foreign exchange markets; (x) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (xi) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers; (xii) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xiii) general economic, market or business conditions, including the impact of inflation; (xiv) changes in demand for loan products and financial services; (xv) concentration of credit exposure; (xvi) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xvii) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xviii) civil unrest, natural disasters, epidemics and other catastrophic events in the Company’s geographic area; (xix) the impact, extent and timing of technological changes; and (xx) other circumstances, many of which are beyond management’s control. Management believes that the assumptions underlying the Company’s forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate.

The Company undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements, whether as a result of new information or to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by federal securities laws.

Financial Condition

The following discussion provides details regarding the changes in significant balance sheet accounts at June 30, 2021 compared to December 31, 2020.

Assets

Total assets were $16,022,386 at June 30, 2021 compared to $14,929,612 at December 31, 2020.

Investments

The securities portfolio is a liquid source of interest income that also can be used in collateralizing certain deposits and other types of borrowings. The following table shows the carrying value of our securities portfolio, all of which are classified as

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available for sale, by investment type and the percentage of such investment type relative to the entire securities portfolio as of the dates presented:

	June 30, 2021				December 31, 2020
	Balance		Percentage of Portfolio		Balance		Percentage of Portfolio
U.S. Treasury securities	$	3,037	0.14	%	$	7,079	0.53	%
Obligations of other U.S. Government agencies and corporations	—		—		1,009		0.08
Obligations of states and political subdivisions	325,520		15.04		305,201		22.72
Mortgage-backed securities	1,772,547		81.92		955,549		71.12
Trust preferred securities	—		—		9,012		0.67
Other debt securities	62,716		2.90		65,607		4.88
	$	2,163,820	100.00	%	$	1,343,457	100.00	%

During the six months ended June 30, 2021, we deployed a portion of our excess liquidity into the securities portfolio and purchased $1,190,400 in investment securities. Mortgage-backed securities and collateralized mortgage obligations (“CMOs”), in the aggregate, comprised approximately 97% of these purchases. CMOs are included in the “Mortgage-backed securities” line item in the above table. The mortgage-backed securities and CMOs held in our investment portfolio are primarily issued by government sponsored entities. Obligations of state and political subdivisions comprised approximately 3% of purchases made during the first six months of 2021.

Proceeds from maturities, calls and principal payments on securities during the first six months of 2021 totaled $195,114. The Company sold municipal securities, residential mortgage backed securities, and trust preferred securities with a carrying value of $154,034 at the time of sale for net proceeds of $155,391, resulting in a net gain on sale of $1,357 during the first six months of 2021. Proceeds from the maturities, calls and principal payments on securities during the first six months of 2020 totaled $183,807. The Company sold municipal securities and residential mortgage backed securities with a carrying value of $8,742 at the time of sale for net proceeds of $8,773, resulting in net gain on sale of $31 during the first six months of 2020.

For more information about the Company’s security portfolio, see Note 2, “Securities,” in the Notes to Consolidated Financial Statements of the Company in Item 1, Financial Statements, in this report.

Loans Held for Sale

Loans held for sale, which consist of residential mortgage loans being held until they are sold in the secondary market, were $448,959 at June 30, 2021, as compared to $417,771 at December 31, 2020. Mortgage loans to be sold are sold either on a “best efforts” basis or under a mandatory delivery sales agreement. Under a “best efforts” sales agreement, residential real estate originations are locked in at a contractual rate with third party private investors or directly with government sponsored agencies, and the Company is obligated to sell the mortgages to such investors only if the mortgages are closed and funded. The risk we assume is conditioned upon loan underwriting and market conditions in the national mortgage market. Under a mandatory delivery sales agreement, the Company commits to deliver a certain principal amount of mortgage loans to an investor at a specified price and delivery date. Penalties are paid to the investor if we fail to satisfy the contract. Gains and losses are realized at the time consideration is received and all other criteria for sales treatment have been met. Our standard practice is to sell the loans within 30-40 days after the loan is funded. Although loan fees and some interest income are derived from mortgage loans held for sale, the main source of income is gains from the sale of these loans in the secondary market.

Loans

Total loans, excluding loans held for sale, were $10,149,242 at June 30, 2021 and $10,933,647 at December 31, 2020. Non purchased loans totaled $8,892,544 at June 30, 2021 compared to $9,419,540 at December 31, 2020. Loans purchased in previous acquisitions totaled $1,256,698 and $1,514,107 at June 30, 2021 and December 31, 2020, respectively.

The tables below set forth the balance of loans outstanding, net of unearned income and excluding loans held for sale, by loan type and the percentage of each loan type to total loans as of the dates presented:

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	June 30, 2021
	Non Purchased		Purchased		Total Loans		Percentage of Total Loans
Commercial, financial, agricultural (1)	$	1,509,908	$	124,725	$	1,634,633	16.11	%
Lease financing, net of unearned income	74,003		—		74,003		0.73
Real estate – construction:
Residential	274,599		2,564		277,163		2.73
Commercial	764,014		10,182		774,196		7.63
Total real estate – construction	1,038,613		12,746		1,051,359		10.36
Real estate – 1-4 family mortgage:
Primary	1,623,987		166,535		1,790,522		17.64
Home equity	426,845		63,088		489,933		4.83
Rental/investment	271,397		25,944		297,341		2.93
Land development	113,345		10,950		124,295		1.22
Total real estate – 1-4 family mortgage	2,435,574		266,517		2,702,091		26.62
Real estate – commercial mortgage:
Owner-occupied	1,373,150		290,041		1,663,191		16.39
Non-owner occupied	2,249,112		492,917		2,742,029		27.01
Land development	101,047		23,902		124,949		1.23
Total real estate – commercial mortgage	3,723,309		806,860		4,530,169		44.63
Installment loans to individuals	111,137		45,850		156,987		1.55
Total loans, net of unearned income	$	8,892,544	$	1,256,698	$	10,149,242	100.00	%

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 as of June 30, 2021.

	December 31, 2020
	Non Purchased		Purchased		Total Loans		Percentage of Total Loans
Commercial, financial, agricultural (1)	$	2,360,471	$	176,513	$	2,536,984	23.20	%
Lease financing, net of unearned income	75,862		—		75,862		0.69
Real estate – construction:
Residential	243,814		2,859		246,673		2.26
Commercial	583,338		28,093		611,431		5.59
Total real estate – construction	827,152		30,952		858,104		7.85
Real estate – 1-4 family mortgage:
Primary	1,536,181		214,770		1,750,951		16.02
Home equity	432,768		80,392		513,160		4.69
Rental/investment	264,436		31,928		296,364		2.71
Land development	123,179		14,654		137,833		1.26
Total real estate – 1-4 family mortgage	2,356,564		341,744		2,698,308		24.68
Real estate – commercial mortgage:
Owner-occupied	1,334,765		323,041		1,657,806		15.16
Non-owner occupied	2,194,739		552,728		2,747,467		25.13
Land development	120,125		29,454		149,579		1.37
Total real estate – commercial mortgage	3,649,629		905,223		4,554,852		41.66
Installment loans to individuals	149,862		59,675		209,537		1.92
Total loans, net of unearned income	$	9,419,540	$	1,514,107	$	10,933,647	100.00	%

(1)Includes PPP loans of $1,128,703 as of December 31, 2020.

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Loan concentrations are considered to exist when there are amounts loaned to a number of borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. At June 30, 2021, there were no concentrations of loans exceeding 10% of total loans which are not disclosed as a category of loans separate from the categories listed above.

Deposits

The Company relies on deposits as its major source of funds. Total deposits were $13,115,351 and $12,059,081 at June 30, 2021 and December 31, 2020, respectively. Noninterest-bearing deposits were $4,349,135 and $3,685,048 at June 30, 2021 and December 31, 2020, respectively, while interest-bearing deposits were $8,766,216 and $8,374,033 at June 30, 2021 and December 31, 2020, respectively.

The growth in noninterest-bearing deposits across the Company’s footprint during the current year has been driven by government stimulus payments and client sentiment to maintain liquidity. Management continues to focus on growing and maintaining a stable source of funding, specifically noninterest-bearing deposits and other core deposits (that is, deposits excluding time deposits greater than $250,000). Noninterest bearing deposits represented 33.16% of total deposits at June 30, 2021, as compared to 30.56% of total deposits at December 31, 2020. Under certain circumstances, however, management may elect to acquire non-core deposits in the form of time deposits or public fund deposits (which are deposits of counties, municipalities or other political subdivisions). The source of funds that we select depends on the terms and how those terms assist us in mitigating interest rate risk, maintaining our liquidity position and managing our net interest margin. Accordingly, funds are acquired to meet anticipated funding needs at the rate and with other terms that, in management’s view, best address our interest rate risk, liquidity and net interest margin parameters.

Public fund deposits may be readily obtained based on the Company’s pricing bid in comparison with competitors. Because public fund deposits are obtained through a bid process, these deposit balances may fluctuate as competitive and market forces change. Although the Company has focused on growing stable sources of deposits to reduce reliance on public fund deposits, it participates in the bidding process for public fund deposits when pricing and other terms make it reasonable given market conditions or when management perceives that other factors, such as the public entity’s use of our treasury management or other products and services, make such participation advisable. Our public fund transaction accounts are principally obtained from public universities and municipalities, including school boards and utilities. Public fund deposits were $1,563,608 and $1,398,330 at June 30, 2021 and December 31, 2020, respectively.

Borrowed Funds

Total borrowings include federal funds purchased, securities sold under agreements to repurchase, advances from the FHLB, subordinated notes and junior subordinated debentures and are classified on the Consolidated Balance Sheets as either short-term borrowings or long-term debt. Short-term borrowings have original maturities less than one year and typically include federal funds purchased, securities sold under agreements to repurchase, and short-term FHLB advances. The following table presents our short-term borrowings by type as of the dates presented:

	June 30, 2021		December 31, 2020
Security repurchase agreements	$	14,933	$	10,947
Federal funds purchased	—		10,393
	$	14,933	$	21,340

At June 30, 2021, long-term debt consists of long-term FHLB advances, our junior subordinated debentures and our subordinated notes. The following table presents our long-term debt by type as of the dates presented:

	June 30, 2021		December 31, 2020
Long-term FHLB advances	$	150,434	$	152,167
Junior subordinated debentures	111,083		110,794
Subordinated notes	207,889		212,009
	$	469,406	$	474,970

Long-term funds obtained from the FHLB are used to match-fund fixed rate loans in order to minimize interest rate risk and also are used to meet day-to-day liquidity needs, particularly when the cost of such borrowing compares favorably to the rates that we would be required to pay to attract deposits. At June 30, 2021, there were no outstanding long-term FHLB advances

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scheduled to mature within twelve months or less. The Company had $3,864,732 of availability on unused lines of credit with the FHLB at June 30, 2021, as compared to $3,784,520 at December 31, 2020.

The Company has issued subordinated notes, the proceeds of which have been used for general corporate purposes, including providing capital to support the Company’s growth organically or through strategic acquisitions, repaying indebtedness and financing investments and capital expenditures, and for investments in Renasant Bank (the “Bank”) as regulatory capital. The subordinated notes qualify as Tier 2 capital under the current regulatory guidelines.

The Company owns the outstanding common securities of business trusts that issued corporation-obligated mandatorily redeemable preferred capital securities to third-party investors. The trusts used the proceeds from the issuance of their preferred capital securities and common securities (collectively referred to as “capital securities”) to buy floating rate junior subordinated debentures issued by the Company (or by companies that the Company subsequently acquired). The debentures are the trusts’ only assets and interest payments from the debentures finance the distributions paid on the capital securities.

Results of Operations

Net Income

Net income for the second quarter of 2021 was $40,867 compared to net income of $20,130 for the second quarter of 2020. Basic and diluted earnings per share (“EPS”) for the second quarter of 2021 were $0.73 and $0.72, respectively, as compared to basic and diluted EPS of $0.36 for the second quarter of 2020. Net income for the six months ended June 30, 2021, was $98,775 compared to net income of $22,138 for the same period in 2020. Basic and diluted EPS were $1.75 for the first six months of 2021 as compared to $0.39 for the first six months of 2020. As discussed in more detail below, our net income was significantly impacted by mortgage banking income, including an adjustment to the valuation of our mortgage servicing rights (“MSR”), and the absence of a provision for credit losses expense in the second quarter of 2021.

From time to time, the Company incurs expenses and charges or recognizes valuation adjustments in connection with certain transactions with respect to which management is unable to accurately predict when these items will be incurred or, when incurred, the amount of such items. The following table presents the impact of these items on reported EPS for the dates presented. The “COVID-19 related expenses” line item in the table below primarily consists of (a) employee overtime and employee benefit accruals directly related to the Company’s response to both the COVID-19 pandemic itself and federal legislation enacted to address the pandemic, such as the CARES Act, and (b) expenses associated with supplying branches with protective equipment and sanitation supplies (such as floor markings and cautionary signage for branches, face coverings and hand sanitizer) as well as more frequent and rigorous branch cleaning.

	Three Months Ended
	June 30, 2021						June 30, 2020
	Pre-tax		After-tax		Impact to Diluted EPS		Pre-tax		After-tax		Impact to Diluted EPS
MSR valuation adjustment	$	—	$	—	$	—	$	4,951	$	4,047	$	0.07
Restructuring charges	15		12		—		—		—		—
COVID-19 related expenses	370		289		0.01		6,257		5,113		0.09
	Six Months Ended
	June 30, 2021						June 30, 2020
	Pre-tax		After-tax		Impact to Diluted EPS		Pre-tax		After-tax		Impact to Diluted EPS
MSR valuation adjustment	$	(13,561)	$	(10,549)	$	(0.19)	$	14,522	$	11,835	$	0.21
Restructuring charges	307		239		—		—		—		—
COVID-19 related expenses	1,154		898		0.02		9,160		7,465		0.13

Net Interest Income

Net interest income, the difference between interest earned on assets and the cost of interest-bearing liabilities, is the largest component of our net income, comprising 70.02% of total revenue (i.e., net interest income on a fully taxable equivalent basis and noninterest income) for the second quarter of 2021 and 63.36% of total revenue for the first six months of 2021. The primary concerns in managing net interest income are the volume, mix and repricing of assets and liabilities.

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Net interest income was $109,579 and $219,227 for the three and six months ended June 30, 2021, respectively, as compared to $105,782 and $212,384 for the same respective periods in 2020. On a tax equivalent basis, net interest income was $111,205 and $222,469 for the three and six months ended June 30, 2021, respectively, as compared to $107,457 and $215,773 for the same respective periods in 2020.

The following tables set forth average balance sheet data, including all major categories of interest-earning assets and interest-bearing liabilities, together with the interest earned or interest paid and the average yield or average rate paid on each such category for the periods presented:

	Three Months Ended June 30,
	2021						2020
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Loans held for investment:
Non purchased	$	8,521,028	$	82,774	3.90	%	$	7,872,371	$	81,836	4.18	%
Purchased	1,328,631		17,891		5.40		1,877,698		26,005		5.57
Paycheck Protection Program	628,462		10,120		6.46		866,078		5,886		2.73
Total loans held for investment	10,478,121		110,785		4.24		10,616,147		113,727		4.31
Loans held for sale	461,752		3,604		3.12		340,582		2,976		3.51
Securities:
Taxable(1)	1,503,605		5,549		1.48		1,031,740		6,386		2.49
Tax-exempt	317,824		2,333		2.94		263,799		2,346		3.58
Interest-bearing balances with banks	1,227,962		346		0.11		524,376		195		0.15
Total interest-earning assets	13,989,264		122,617		3.51		12,776,644		125,630		3.95
Cash and due from banks	195,982						214,079
Intangible assets	967,430						974,237
Other assets	678,342						741,067
Total assets	$	15,831,018					$	14,706,027
Liabilities and shareholders’ equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand(2)	$	6,109,956	$	4,069	0.27	%	$	5,151,713	$	5,524	0.43	%
Savings deposits	969,982		185		0.08		747,173		173		0.09
Time deposits	1,564,448		3,415		0.88		2,034,149		8,174		1.62
Total interest-bearing deposits	8,644,386		7,669		0.36		7,933,035		13,871		0.70
Borrowed funds	483,081		3,743		3.11		1,000,789		4,302		1.73
Total interest-bearing liabilities	9,127,467		11,412		0.50		8,933,824		18,173		0.82
Noninterest-bearing deposits	4,271,464						3,439,634
Other liabilities	218,344						231,477
Shareholders’ equity	2,213,743						2,101,092
Total liabilities and shareholders’ equity	$	15,831,018					$	14,706,027
Net interest income/net interest margin			$	111,205	3.19	%			$	107,457	3.38	%

(1)U.S. Government and some U.S. Government Agency securities are tax-exempt in the states in which the Company operates.

(2)Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

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	Six Months Ended June 30,
	2021						2020
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Loans held for investment:
Non purchased	$	8,441,910	$	164,702	3.93	%	$	7,763,516	$	170,390	4.41	%
Purchased	1,391,634		38,347		5.55		1,955,161		56,192		5.78
Paycheck Protection Program	807,012		20,807		5.20		433,039		5,886		2.73
Total loans held for investment	10,640,556		223,856		4.24		10,151,716		232,468		4.61
Loans held for sale	434,075		6,604		3.05		338,706		5,964		3.54
Securities:
Taxable(1)	1,284,692		10,389		1.62		1,049,507		13,675		2.62
Tax-exempt	312,084		4,617		2.96		244,700		4,404		3.62
Interest-bearing balances with banks	1,002,564		529		0.11		408,432		1,006		0.50
Total interest-earning assets	13,673,971		245,995		3.62		12,193,061		257,517		4.25
Cash and due from banks	200,906						200,198
Intangible assets	968,215						975,085
Other assets	674,262						720,945
Total assets	$	15,517,354					$	14,089,289
Liabilities and shareholders’ equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand(2)	$	6,008,093	$	8,002	0.27	%	$	5,045,735	$	14,777	0.59	%
Savings deposits	926,370		354		0.08		714,177		426		0.12
Time deposits	1,610,113		7,593		0.95		2,075,412		17,163		1.66
Total interest-bearing deposits	8,544,576		15,949		0.38		7,835,324		32,366		0.83
Borrowed funds	483,494		7,577		3.16		915,054		9,378		2.06
Total interest-bearing liabilities	9,028,070		23,526		0.53		8,750,378		41,744		0.96
Noninterest-bearing deposits	4,066,943						3,013,298
Other liabilities	229,257						222,495
Shareholders’ equity	2,193,084						2,103,118
Total liabilities and shareholders’ equity	$	15,517,354					$	14,089,289
Net interest income/net interest margin			$	222,469	3.28	%			$	215,773	3.56	%

(1)U.S. Government and some U.S. Government Agency securities are tax-exempt in the states in which the Company operates.

(2)Interest-bearing demand deposits include interest-bearing transactional accounts and money market deposits.

The average balances of nonaccruing assets are included in the tables above. Interest income and weighted average yields on tax-exempt loans and securities have been computed on a fully tax equivalent basis assuming a federal tax rate of 21% and a state tax rate of 4.45%, which is net of federal tax benefit.

Net interest margin and net interest income are influenced by internal and external factors. Internal factors include balance sheet changes in volume, mix and pricing decisions. External factors include changes in market interest rates, competition and the shape of the interest rate yield curve. As discussed in more detail below, the decline in loan yields due to the current low interest rate environment as well as changes in the mix of earning assets during the quarter due to increased liquidity on the balance sheet were the largest contributing factors to the decrease in net interest margin for the three and six months ended June 30, 2021, as compared to the same periods in 2020. The Company has continued to focus on lowering the cost of funding through growing noninterest-bearing deposits and aggressively lowering interest rates on interest-bearing deposits.

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The following tables set forth a summary of the changes in interest earned, on a tax equivalent basis, and interest paid resulting from changes in volume and rates for the Company for both the three and six months ended June 30, 2021, as compared to the same respective periods in 2020 (the changes attributable to the combined impact of yield/rate and volume have been allocated on a pro-rata basis using the absolute value of amounts calculated):

	Three Months Ended June 30, 2021 Compared to the Three Months Ended June 30, 2020
	Volume		Rate		Net
Interest income:
Loans held for investment:
Non purchased	$	6,642	$	(5,704)	$	938
Purchased	(7,355)		(759)		(8,114)
Paycheck Protection Program	(1,986)		6,220		4,234
Loans held for sale	984		(356)		628
Securities:
Taxable	2,315		(3,152)		(837)
Tax-exempt	443		(456)		(13)
Interest-bearing balances with banks	210		(59)		151
Total interest-earning assets	1,253		(4,266)		(3,013)
Interest expense:
Interest-bearing demand deposits	906		(2,361)		(1,455)
Savings deposits	46		(34)		12
Time deposits	(1,594)		(3,165)		(4,759)
Borrowed funds	(2,928)		2,369		(559)
Total interest-bearing liabilities	(3,570)		(3,191)		(6,761)
Change in net interest income	$	4,823	$	(1,075)	$	3,748
	Six months ended June 30, 2021 Compared to the Six Months Ended June 30, 2020
	Volume		Rate		Net
Interest income:
Loans held for investment:
Non purchased	$	14,008	$	(19,696)	$	(5,688)
Purchased	(15,683)		(2,162)		(17,845)
Paycheck Protection Program	7,298		7,623		14,921
Loans held for sale	1,542		(902)		640
Securities:
Taxable	2,652		(5,938)		(3,286)
Tax-exempt	1,094		(881)		213
Interest-bearing balances with banks	718		(1,195)		(477)
Total interest-earning assets	11,629		(23,151)		(11,522)
Interest expense:
Interest-bearing demand deposits	2,415		(9,190)		(6,775)
Savings deposits	105		(177)		(72)
Time deposits	(3,291)		(6,279)		(9,570)
Borrowed funds	(5,542)		3,741		(1,801)
Total interest-bearing liabilities	(6,313)		(11,905)		(18,218)
Change in net interest income	$	17,942	$	(11,246)	$	6,696

Interest income, on a tax equivalent basis, was $122,617 and $245,995, respectively, for the three and six months ended June 30, 2021, as compared to $125,630 and $257,517, respectively, for the same periods in 2020. This decrease in interest income,

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on a tax equivalent basis, is due primarily to the Federal Reserve maintaining low interest rates since March 2020 and changes in the mix of earning assets during the quarter due to increased liquidity on the balance sheet.

The following tables present the percentage of total average earning assets, by type and yield, for the periods presented:

	Percentage of Total Average Earning Assets				Yield
	Three Months Ended				Three Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Loans held for investment, excl. PPP	70.41	%	76.31	%	4.10	%	4.45	%
Paycheck Protection Program	4.49		6.78		6.46		2.73
Loans held for sale	3.30		2.67		3.12		3.51
Securities	13.02		10.14		1.73		2.71
Other	8.78		4.10		0.11		0.15
Total earning assets	100.00	%	100.00	%	3.51	%	3.95	%

	Percentage of Total Average Earning Assets				Yield
	Six Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Loans held for investment excl. PPP	71.91	%	79.71	%	4.16	%	4.69	%
Paycheck Protection Program	5.90		3.55		5.20		2.73
Loans held for sale	3.17		2.78		3.05		3.54
Securities	11.68		10.61		1.88		2.81
Interest-bearing balances with banks	7.34		3.35		0.11		0.50
Total earning assets	100.00	%	100.00	%	3.62	%	4.25	%

For the second quarter of 2021, interest income on loans held for investment, on a tax equivalent basis, decreased $2,942 to $110,785 from $113,727 in the same period in 2020. For the six months ended June 30, 2021, interest income on loans held for investment, on a tax equivalent basis, decreased $8,612 to $223,856 from $232,468 in the same period in 2020. Interest income on loans held for investment decreased primarily due to the Federal Reserve maintaining low interest rates since March 2020. Interest income attributable to PPP loans included in loan interest income for the three months ended June 30, 2021, was $10,120, which consisted of $1,524 in interest income and $8,596 in accretion of net origination fees, as compared to $5,889 for the three months ended June 30, 2020, which consisted of $2,324 in interest income and $3,565 in accretion of net origination fees. Interest income attributable to PPP loans included in loan interest income for the six months ended June 30, 2021, was $20,807, which consisted of $3,916 in interest income and $16,891 in accretion of net origination fees, as compared to $5,889 for the six months ended June 30, 2020, which consisted of $2,324 in interest income and $3,565 in accretion of net origination fees. The PPP origination fees, net of agent fees paid and other origination costs, are being accreted into interest income over the life of the loan. If a PPP loan is forgiven in whole or in part, as provided under the CARES Act, the Company will recognize the non-accreted portion of the net origination fee attributable to the forgiven portion of such loan as of the date of the final forgiveness determination. PPP loans increased margin and loan yield by 15 basis points and 14 basis points, respectively, during the second quarter of 2021, and 12 basis points and eight basis points, respectively, in the first half of 2021. PPP loans reduced margin and loan yield by five basis points and 14 basis points, respectively, in the second quarter of 2020 and three basis points and eight basis points, respectively, in the first half of 2020.

The impact from interest income collected on problem loans and purchase accounting adjustments on loans to total interest income on loans held for investment, loan yield and net interest margin is shown in the following table for the periods presented.

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	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2021			2020			2021			2020
Net interest income collected on problem loans	$	1,339		$	384		$	3,519		$	602
Accretable yield recognized on purchased loans(1)	2,638			4,700			5,726			10,169
Total impact to interest income on loans	$	3,977		$	5,084		$	9,245		$	10,771
Impact to loan yield	0.15		%	0.19		%	0.18		%	0.21		%
Impact to net interest margin	0.11		%	0.16		%	0.14		%	0.18		%

(1)Includes additional interest income recognized in connection with the acceleration of paydowns and payoffs from purchased loans of $1,224 and $1,731, for the second quarter of 2021 and 2020, respectively. The impact was $2,496 and $3,919 for the six months ended June 30, 2021 and 2020, respectively. This additional interest income increased total loan yield by five basis points and six basis points for the second quarter of 2021 and 2020, respectively, while increasing net interest margin by four and five basis points for the same respective periods. For the six months ended June 30, 2021 and 2020, the additional interest income increased total loan yields by five basis points and eight basis points, respectively, while increasing net interest margin by four basis points and six basis points, respectively.

For the second quarter of 2021, interest income on loans held for sale (consisting of mortgage loans held for sale), on a tax equivalent basis, increased $628 to $3,604 from $2,976 in the same period in 2020. For the six months ended June 30, 2021, interest income on loans held for sale (consisting of mortgage loans held for sale), on a tax equivalent basis, increased $640 to $6,604 from $5,964 for the same period in 2020.

Investment income, on a tax equivalent basis, decreased $850 to $7,882 for the second quarter of 2021 from $8,732 for the second quarter of 2020. Investment income, on a tax equivalent basis, decreased $3,073 to $15,006 for the six months ended June 30, 2021 from $18,079 for the same period in 2020. The tax equivalent yield on the investment portfolio for the second quarter of 2021 was 1.73%, down 98 basis points from 2.71% for the same period in 2020. The tax equivalent yield on the investment portfolio for the six months ended June 30, 2021 was 1.88%, down 93 basis points from 2.81% in the same period in 2020. The decrease in taxable equivalent yield on securities was a result of the current interest rate environment.

Interest expense was $11,412 for the second quarter of 2021 as compared to $18,173 for the same period in 2020. Interest expense for the six months ended June 30, 2021 was $23,526 as compared to $41,744 for the same period in 2020.

The following tables present, by type, the Company’s funding sources, which consist of total average deposits and borrowed funds, and the total cost of each funding source for the periods presented:

	Percentage of Total Average Deposits and Borrowed Funds				Cost of Funds
	Three Months Ended				Three Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Noninterest-bearing demand	31.88	%	27.80	%	—	%	—	%
Interest-bearing demand	45.59		41.64		0.27		0.43
Savings	7.24		6.04		0.08		0.09
Time deposits	11.68		16.44		0.88		1.62
Short term borrowings	0.10		5.04		0.31		0.75
Long-term Federal Home Loan Bank advances	1.13		1.23		0.04		0.84
Subordinated notes	1.54		0.92		4.96		5.60
Other borrowed funds	0.84		0.89		4.21		4.52
Total deposits and borrowed funds	100.00	%	100.00	%	0.34	%	0.59	%

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	Percentage of Total Average Deposits and Borrowed Funds				Cost of Funds
	Six Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Noninterest-bearing demand	31.06	%	25.62	%	—	%	—	%
Interest-bearing demand	45.88		42.89		0.27		0.59
Savings	7.07		6.07		0.08		0.12
Time deposits	12.30		17.64		0.95		1.66
Short-term borrowings	0.10		4.58		0.31		1.04
Long-term Federal Home Loan Bank advances	1.16		1.29		0.04		1.13
Subordinated notes	1.58		0.97		5.06		5.60
Other long term borrowings	0.85		0.94		4.22		4.69
Total deposits and borrowed funds	100.00	%	100.00	%	0.36	%	0.71	%

Interest expense on deposits was $7,669 and $13,871 for the three months ended June 30, 2021 and 2020, respectively. The cost of total deposits was 0.24% and 0.49% for the same respective periods. Interest expense on deposits was $15,949 and $32,366 for the six months ended June 30, 2021 and 2020, respectively, and the cost of total deposits was 0.26% and 0.60% for the same respective periods. The decrease in both deposit expense and cost is attributable to the Company’s efforts to reduce deposit rates as they reprice in the current low interest rate environment. During 2021, the Company has continued its efforts to grow non-interest bearing deposits, and such deposits represent 33.16% of total deposits at June 30, 2021 compared to 30.56% of total deposits at December 31, 2020. The growth in non-interest bearing deposits during the year to date has been primarily driven by government stimulus payments and client sentiment. Low cost deposits continue to be the preferred choice of funding; however, the Company may rely on wholesale borrowings when rates are advantageous.

Interest expense on total borrowings was $3,743 and $4,302 for the three months ended June 30, 2021 and 2020, respectively. Interest expense on total borrowings was $7,577 and $9,378 for the six months ended June 30, 2021 and 2020, respectively. The decrease in interest expense is a result of lower average borrowings.

A more detailed discussion of the cost of our funding sources is set forth below under the heading “Liquidity and Capital Resources” in this Item.

Noninterest Income

Noninterest Income to Average Assets
Three Months Ended June 30,		Six Months Ended June 30,
2021	2020	2021	2020
1.21%	1.75%	1.67%	1.45%

Total noninterest income includes fees generated from deposit services and other fees and commissions, income from our insurance, wealth management and mortgage banking operations, realized gains on the sale of securities and all other noninterest income. Our focus is to develop and enhance our products that generate noninterest income in order to diversify revenue sources. Noninterest income was $47,610 for the second quarter of 2021 as compared to $64,170 for the same period in 2020. Noninterest income was $128,647 for the six months ended June 30, 2021 as compared to $101,740 for the same period in 2020. During the second quarter of 2021, with the exception of mortgage banking operations, all categories of noninterest income increased when compared to the prior period as market activity returned to normal conditions with the lifting of pandemic-related restrictions across our footprint.

Service charges on deposit accounts include maintenance fees on accounts, per item charges, account enhancement charges for additional packaged benefits and overdraft fees. Service charges on deposit accounts were $9,458 and $6,832 for the second quarter of 2021 and 2020, respectively, and $17,481 and $15,902 for the six months ended June 30, 2021 and 2020, respectively. Overdraft fees, the largest component of service charges on deposits, were $4,998 for the three months ended June 30, 2021, as compared to $3,740 for the same period in 2020. These fees were $8,954 for the six months ended June 30, 2021 compared to $9,636 for the same period in 2020.

Fees and commissions were $4,110 during the second quarter of 2021 as compared to $2,971 for the same period in 2020, and were $8,010 for the first six months of 2021 as compared to $6,025 for the same period in 2020. Fees and commissions include

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fees related to deposit services, such as ATM fees and interchange fees on debit card transactions. For the second quarter of 2021, interchange fees were $2,823 as compared to $2,158 for the same period in 2020. Interchange fees were $5,215 for the six months ended June 30, 2021 as compared to $4,212 for the same period in 2020.

Through Renasant Insurance, we offer a range of commercial and personal insurance products through major insurance carriers. Income earned on insurance products was $2,422 and $2,125 for the three months ended June 30, 2021 and 2020, respectively, and was $4,659 and $4,116 for the six months ended June 30, 2021 and 2020, respectively. Contingency income is a bonus received from the insurance underwriters and is based both on commission income and claims experience on our clients’ policies during the previous year. Increases and decreases in contingency income are reflective of corresponding increases and decreases in the number of claims paid by insurance carriers. Contingency income, which is included in “Other noninterest income” in the Consolidated Statements of Income, was $47 and $25 for the three months ended June 30, 2021 and 2020, respectively, and $1,053 and $918 for the six months ended June 30, 2021 and 2020, respectively.

Our Wealth Management segment has two primary divisions: Trust and Financial Services. The Trust division operates on a custodial basis which includes administration of benefit plans, as well as accounting and money management for trust accounts. The division manages a number of trust accounts inclusive of personal and corporate benefit accounts, IRAs, and custodial accounts. Fees for managing these accounts are based on changes in market values of the assets under management in the account, with the amount of the fee depending on the type of account. The Financial Services division provides specialized products and services to our customers, which include fixed and variable annuities, mutual funds, and stocks offered through a third party provider. Wealth Management revenue was $5,019 for the second quarter of 2021 compared to $3,824 for the same period in 2020 and was $9,811 for the six months ended June 30, 2021 compared to $7,826 for the same period in 2020. The market value of assets under management or administration was $4,560,891 and $3,806,023 at June 30, 2021 and June 30, 2020, respectively.

Mortgage banking income is derived from the origination and sale of mortgage loans and the servicing of mortgage loans that the Company has sold but retained the right to service. Although loan fees and some interest income are derived from mortgage loans held for sale, the main source of income is gains from the sale of these loans in the secondary market. Originations of mortgage loans to be sold totaled $1,079,474 in the second quarter of 2021 compared to $1,308,074 for the same period in 2020. Mortgage loan originations totaled $2,222,822 in the six months ended June 30, 2021 compared to $2,023,834 for the same period in 2020. While mortgage loan originations remain elevated compared to pre-pandemic levels, margins have compressed as the interest rate environment has begun to rise and housing inventories are below demand. Mortgage banking income was $20,853 and $45,490 for the three months ended June 30, 2021 and 2020, respectively, and was $71,586 for the first six months ended June 30, 2021 compared to $61,025 for the same period in 2020. The table below presents the components of mortgage banking income included in noninterest income for the periods presented.

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Gain on sales of loans, net	$	17,581	$	46,560	$	51,482	$	68,342
Fees, net	4,519		5,309		9,421		8,228
Mortgage servicing loss, net	(1,247)		(1,428)		(2,878)		(1,023)
MSR valuation adjustment	—		(4,951)		13,561		(14,522)
Mortgage banking income, net	$	20,853	$	45,490	$	71,586	$	61,025

Bank-owned life insurance (“BOLI”) income is derived from changes in the cash surrender value of the bank-owned life insurance policies and proceeds received upon the death of covered individuals. BOLI income was $1,644 for the three months ended June 30, 2021 as compared to $1,329 for the same period in 2020, and $3,716 for the first six months of June 30, 2021 as compared to $2,492 for the same period in 2020. The increase is primarily due to the $1,222 of life insurance proceeds received during the first six months of 2021. There were no life insurance proceeds received during the six months ended June 30, 2020.

Other noninterest income was $4,104 and $1,568 for the three months ended June 30, 2021 and 2020, respectively, and was $12,027 and $4,323 for the six months ended June 30, 2021 and 2020, respectively. Other noninterest income includes income from our SBA banking division and other miscellaneous income and can fluctuate based on production in our SBA banking division and recognition of other seasonal income items.  In the first six months of 2021, the Company entered into a referral relationship with a third party to utilize its technology platform to originate PPP loans under the latest round of funding. The Company earned $3,734 of PPP referral fees from its partner during the six months ended June 30, 2021.

Noninterest Expense

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Noninterest Expense to Average Assets
Three Months Ended June 30,		Six Months Ended June 30,
2021	2020	2021	2020
2.76%	3.24%	2.92%	3.33%

Noninterest expense was $108,777 and $118,285 for the second quarter of 2021 and 2020, respectively, and was $224,712 and $233,326 for the six months ended June 30, 2021 and 2020, respectively. The decrease in noninterest expense for both the three and six month periods ending June 30, 2021, as compared to the corresponding periods in 2020, was largely a result of declines in salary and employee benefits and net occupancy and equipment expenses.

Salaries and employee benefits decreased $9,068 to $70,293 for the second quarter of 2021 as compared to $79,361 for the same period in 2020. Salaries and employee benefits decreased $3,561 to $148,989 for the six months ended June 30, 2021 as compared to $152,550 for the same period in 2020. The decrease in salaries and employee benefits is primarily due to a decrease in incentive expenses recognized for the six months ended June 30, 2021 and the cost savings realized by the voluntary early retirement program offered during the fourth quarter of 2020.

Data processing costs increased to $5,652 in the second quarter of 2021 from $5,047 for the same period in 2020 and were $11,103 for the six months ended June 30, 2021 as compared to $10,053 for the same period in 2020. The Company continues to examine new and existing contracts to negotiate favorable terms to offset the increased variable cost components of our data processing costs, such as new accounts and increased transaction volume.

Net occupancy and equipment expense for the second quarter of 2021 was $11,374, down from $13,511 for the same period in 2020. These expenses for the first six months of 2021 were $23,912, down from $27,631 for the same period in 2020. The decrease in occupancy and equipment expense is primarily attributable to the restructuring and non-renewal of certain branch leases.

Expenses related to other real estate owned for the second quarter of 2021 were $104 as compared to $620 for the same period in 2020 and were $145 and $1,038, respectively, for the first six months of 2021 and 2020. Expenses on other real estate owned included write downs of the carrying value to fair value on certain pieces of property held in other real estate owned of $117 and $827 for the first six months of 2021 and 2020, respectively. For the six months ended June 30, 2021 and 2020, other real estate owned with a cost basis of $3,328 and $2,317, respectively, was sold, resulting in a net gain of $50 and $89, respectively.

Professional fees include fees for legal and accounting services, such as routine litigation matters, external audit services as well as assistance in complying with newly-enacted and existing banking and governmental regulations. Professional fees were $2,674 for the second quarter of 2021 as compared to $2,517 for the same period in 2020 and $5,595 for the six months ended June 30, 2021 as compared to $5,159 for the same period in 2020.

Advertising and public relations expense was $3,100 for the second quarter of 2021 as compared to $2,920 for the same period in 2020, and $6,352 for the six months ended June 30, 2021 compared to $6,320 for the same period in 2020.

Amortization of intangible assets totaled $1,539 and $1,834 for the second quarter of 2021 and 2020, respectively, and $3,137 and $3,729 for the six months ended June 30, 2021 and 2020, respectively. This amortization relates to finite-lived intangible assets which are being amortized over the useful lives as determined at acquisition. These finite-lived intangible assets have remaining estimated useful lives ranging from approximately 2 years to 8 years.

Communication expenses, those expenses incurred for communication to clients and between employees, were $2,291 for the second quarter of 2021 as compared to $2,181 for the same period in 2020. Communication expenses were $4,583 for the six months ended June 30, 2021 as compared to $4,379 for the same period in 2020.

Other noninterest expense includes the provision for unfunded commitments, business development and travel expenses, other discretionary expenses, loan fees expense and other miscellaneous fees and operating expenses. Other noninterest expense was $11,735 and $20,589 for the three and six months ended June 30, 2021 as compared to $10,204 and $22,377 for the same periods in 2020. The provision for unfunded commitments was $2,600 and $6,000 for the three and six months ended June 30, 2020. There was no provision recorded for unfunded commitments recorded for the same periods in 2021.

Efficiency Ratio

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	Efficiency Ratio
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Efficiency ratio (GAAP)	68.49	%	68.92	%	64.00	%	73.49	%
Adjusted efficiency ratio (Non-GAAP)(1)	67.28	%	60.89	%	65.47	%	64.56	%

(1)A reconciliation of this financial measure from GAAP to non-GAAP can be found under the “Non-GAAP Financial Measures” heading at the end of this Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The efficiency ratio is a measure of productivity in the banking industry. (This ratio is a measure of our ability to turn expenses into revenue. That is, the ratio is designed to reflect the percentage of one dollar that we must expend to generate a dollar of revenue.) The Company calculates this ratio by dividing noninterest expense by the sum of net interest income on a fully tax equivalent basis and noninterest income. The table above shows the impact on the efficiency ratio of items that (1) the Company does not consider to be part of our core operating activities, such as amortization of intangibles, or (2) the Company incurred in connection with certain transactions where management is unable to accurately predict the timing of when these items will be incurred or, when incurred, the amount of such items, such as expenses or recoveries incurred in connection with our response to the COVID-19 pandemic, our MSR valuation adjustment and the provision for unfunded commitments. We remain committed to aggressively managing our costs within the framework of our business model. Our goal is to improve the efficiency ratio over time from currently reported levels as a result of revenue growth while at the same time controlling noninterest expenses.

Income Taxes

Income tax expense for the second quarter of 2021 and 2020 was $7,545 and $4,637, respectively. The effective tax rates for those periods were 21.62% and 18.72%, respectively. Income tax expenses for the six months ended June 30, 2021 and 2020 were $24,387 and $5,410, respectively. The effective tax rates for those periods were 22.21% and 19.64%, respectively. In the second quarter of 2021 the Company received a benefit from a one-time state tax credit investment. The investment of $3,112 was fully amortized in other noninterest expense and the credit of $3,460 reduced income taxes for the second quarter of 2021.

Risk Management

The management of risk is an on-going process. Primary risks that are associated with the Company include credit, interest rate and liquidity risk. Credit risk and interest rate risk are discussed below, while liquidity risk is discussed in the next subsection under the heading “Liquidity and Capital Resources.”

Credit Risk and Allowance for Credit Losses on Loans and Unfunded Commitments

COVID-19 Update. At June 30, 2021, the Company’s credit quality metrics remained stable. The Company is continuing to monitor all asset categories given that any category or borrower could be negatively impacted by the pandemic, with enhanced monitoring of loans remaining on deferral as well as a focus on those industries more highly impacted by the pandemic, primarily the hospitality and senior living industries. To provide necessary relief to the Company’s borrowers – both consumer and commercial clients – in 2020 the Company established loan deferral programs allowing qualified clients to defer principal and interest payments for up to 90 days. A second 90-day deferral was available to borrowers that remained current on taxes and insurance and also satisfied underwriting standards established by the Company that analyzed the ability of the borrower to service its loan in accordance with its existing terms in light of the impact of the COVID-19 pandemic on the borrower, its industry and the markets in which it operated. The Company has discontinued its deferral programs as economic conditions in the Company’s markets have improved to the extent that management viewed a broad deferral program as no longer necessary. At June 30, 2021, the Company had 141 loans (not in thousands) on deferral with an aggregate balance of approximately $20,600, or 0.21% of our loan portfolio (excluding PPP loans) by dollar value. In accordance with the applicable guidance, none of these loans are considered “restructured loans” and thus are not included in the discussion of our restructured loans below.

The Company’s credit quality in future quarters may be impacted by both external and internal factors related to the pandemic in addition to those factors that traditionally affect credit quality. External factors outside the Company’s control include items such as the spread of variants of COVID-19, the pace at which the COVID-19 vaccine is administered to residents in the Company’s markets and the United States generally, the effectiveness of vaccinations on COVID-19 variants, federal, state and local government measures, the re-imposition of “shelter-in-place” orders, and the economic impact of government programs, including additional fiscal stimulus. Internal factors that will potentially impact credit quality include items such as the performance of the Company’s loans that remain on deferral, involvement in government offered programs and the related

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financial impact of these programs. The impact of each of these items are unknown at this time and could materially and adversely impact future credit quality.

Management of Credit Risk. Inherent in any lending activity is credit risk, that is, the risk of loss should a borrower default. Credit risk is monitored and managed on an ongoing basis by a credit administration department, a problem asset resolution committee and the Board of Directors Credit Review Committee. Oversight of the Company’s lending operations (including adherence to our policies and procedures governing the loan approval and monitoring process), credit quality and loss mitigation are major concerns of credit administration and these committees. The Company’s central appraisal review department reviews and approves third-party appraisals obtained by the Company on real estate collateral and monitors loan maturities to ensure updated appraisals are obtained. This department is managed by a State Certified General Real Estate Appraiser and employs three additional State Certified General Real Estate Appraisers and four real estate evaluators. In addition, we maintain a loan review staff to independently monitor loan quality and lending practices. Loan review personnel monitor and, if necessary, adjust the grades assigned to loans through periodic examination, focusing their review on commercial and real estate loans rather than consumer and small balance consumer mortgage loans, such as 1-4 family mortgage loans.

In compliance with loan policy, the lending staff is given lending limits based on their knowledge and experience. In addition, each lending officer’s prior performance is evaluated for credit quality and compliance as a tool for establishing and enhancing lending limits. Before funds are advanced on consumer and commercial loans below certain dollar thresholds, loans are reviewed and scored using centralized underwriting methodologies. Loan quality, or “risk-rating,” grades are assigned based upon certain factors, which include the scoring of the loans. This information is used to assist management in monitoring credit quality. Loan requests of amounts greater than an officer’s lending limit are reviewed for approval by senior credit officers.

For loans with a commercial purpose, risk-rating grades are assigned by lending, credit administration and loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Loan grades range from 1 to 9, with 1 rated loans having the least credit risk.

Management’s problem asset resolution committee and the Board of Directors’ Credit Review Committee monitor loans that are past due or those that have been downgraded and placed on the Company’s internal watch list due to a decline in the collateral value or cash flow of the borrower; the committees then adjust loan grades accordingly. This information is used to assist management in monitoring credit quality. When the ultimate collectability of a loan’s principal is in doubt, wholly or partially, the loan is placed on nonaccrual.

After all collection efforts have failed, collateral securing loans may be repossessed and sold or, for loans secured by real estate, foreclosure proceedings initiated. The collateral is sold at public auction for fair market value (based upon recent appraisals as described above), with fees associated with the foreclosure being deducted from the sales price. The purchase price is applied to the outstanding loan balance. If the loan balance is greater than the sales proceeds, the deficient balance is sent to the Board of Directors’ Credit Review Committee for charge-off approval. These charge-offs reduce the allowance for credit losses on loans. Charge-offs reflect the realization of losses in the portfolio that were recognized previously through the provision for credit losses on loans.

The Company’s practice is to charge off estimated losses as soon as such losses are identified and reasonably quantified. Net charge-offs for the first six months of 2021 were $3,790, or 0.07% of average loans (annualized), compared to net charge-offs of $2,509, or 0.05% of average loans (annualized), for the same period in 2020. The charge-offs were fully reserved for in the Company’s allowance for credit losses on loans.

Allowance for Credit Losses on Loans; Provision for Credit Losses on Loans. The allowance for credit losses is available to absorb credit losses inherent in the loans held for investment portfolio. Loan losses are charged against the allowance for credit losses when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management evaluates the adequacy of the allowance on a quarterly basis.

The appropriate level of the allowance is based on an ongoing analysis of the loan portfolio and represents an amount that management deems adequate to provide for inherent losses, including loans evaluated on a collective (pooled) basis and those evaluated on an individual basis as set forth in ASC 326. The credit loss estimation process involves procedures to appropriately consider the unique characteristics of the Company’s loan portfolio segments. Credit quality is assessed and monitored by evaluating various attributes, and the results of those evaluations are utilized in underwriting new loans and in the Company’s process for the estimation of expected credit losses. Credit quality monitoring procedures and indicators can include an assessment of problem loans, the types of loans, historical loss experience, new lending products, emerging credit trends, changes in the size and character of loan categories, and other factors, including our risk rating system, regulatory guidance and economic conditions, such as the unemployment rate and GDP growth in the national and local economies as well as trends in

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the market values of underlying collateral securing loans, all as determined based on input from management, loan review staff and other sources. This evaluation is complex and inherently subjective, as it requires estimates by management that are inherently uncertain and therefore susceptible to significant revision as more information becomes available. In future periods, evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance and provision for credit loss in those future periods.

The methodology for estimating the amount of expected credit losses reported in the allowance for credit losses has two basic components: first, a collective or pooled component for estimated expected credit losses for pools of loans that share similar risk characteristics; and second, an asset-specific component involving individual loans that do not share risk characteristics with other loans and the measurement of expected credit losses for such individual loans.

•The allowance for credit losses for loans that share similar risk characteristics with other loans is calculated on a collective (or pooled) basis, where such loans are segregated into loan portfolio segments based upon similarity of credit risk. In determining the allowance for credit losses on loans evaluated on a collective basis, the Company categorizes loan pools based on loan type and/or risk rating. The Company uses two CECL models: (1) a loss rate model, based on average historical life-of-loan loss rates, is used for the Real Estate - 1-4 Family Mortgage, Real Estate - Construction and the Installment Loans to Individuals portfolio segments, and (2) for the Commercial, Real Estate - Commercial Mortgage and Lease Financing portfolio segments, the Company uses a probability of default/loss given default model, which calculates an expected loss percentage for each loan pool by considering (a) the probability of default, based on the migration of loans from performing (using risk ratings) to default using life-of-loan analysis periods, and (b) the historical severity of loss, based on the aggregate net lifetime losses incurred per loan pool.

The historical loss rates calculated as described above are adjusted, as necessary, for both internal and external qualitative factors where there are differences in the historical loss data of the Company and current or projected future conditions. Internal factors include loss history, changes in credit quality (including movement between risk ratings) and/or credit concentration and the nature and volume of the respective loan portfolio segments. External factors include current and reasonable and supportable forecasted economic conditions and changes in collateral values. These factors are used to adjust the historical loss rates (as described above) to ensure that they reflect management’s expectation of future conditions based on a reasonable and supportable forecast period. To the extent the lives of the loans in the portfolio extend beyond the period for which a reasonable and supportable forecast can be made, when necessary, the models immediately revert back to the historical loss rates adjusted for qualitative factors related to current conditions.

•For loans that do not share similar risk characteristics with other loans, an individual analysis is performed to determine the expected credit loss. If the respective loan is collateral dependent (that is, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral), the expected credit loss is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral. The fair value of collateral is initially based on external appraisals. Generally, collateral values for loans for which measurement of expected losses is dependent on the fair value of such collateral are updated every twelve months, either from external third parties or in-house certified appraisers. Third-party appraisals are obtained from a pre-approved list of independent, third-party, local appraisal firms. The fair value of the collateral derived from the external appraisal is then adjusted for the estimated cost to sell if repayment or satisfaction of a loan is dependent on the sale (rather than only on the operation) of the collateral. Other acceptable methods for determining the expected credit losses for individually evaluated loans (typically used for loans that are not collateral dependent) is a discounted cash flow approach or, if applicable, an observable market price. Once the expected credit loss amount is determined, an allowance equal to such expected credit loss is included in the allowance for credit losses.

In addition to its quarterly analysis of the allowance for credit losses, on a regular basis management and the Board of Directors review loan ratios. These ratios include the allowance for credit losses as a percentage of total loans, net charge-offs as a percentage of average loans, the provision for credit losses as a percentage of average loans, nonperforming loans as a percentage of total loans and the allowance coverage on nonperforming loans, among others. Also, management reviews past due ratios by officer, community bank and the Company as a whole.

The following table presents the allocation of the allowance for credit losses on loans by loan category and the percentage of loans in each category to total loans as of the dates presented:

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	June 30, 2021				December 31, 2020				June 30, 2020
	Balance		% of Total		Balance		% of Total		Balance		% of Total
Commercial, financial, agricultural	$	36,994	16.11	%	$	39,031	23.20	%	$	30,685	24.02	%
Lease financing	1,511		0.73	%	1,624		0.69	%	1,812		0.73	%
Real estate – construction	15,729		10.36	%	16,047		7.85	%	12,538		7.19	%
Real estate – 1-4 family mortgage	31,303		26.62	%	32,165		24.68	%	29,401		25.36	%
Real estate – commercial mortgage	74,893		44.63	%	76,127		41.66	%	60,061		40.11	%
Installment loans to individuals	11,924		1.55	%	11,150		1.92	%	10,890		2.59	%
Total	$	172,354	100.00	%	$	176,144	100.00	%	$	145,387	100.00	%

The provision for credit losses on loans charged to operating expense is an amount which, in the judgment of management, is necessary to maintain the allowance for credit losses on loans at a level that is believed to be adequate to meet the inherent risks of losses in our loan portfolio. The Company did not record a provision for credit losses during the second quarter or first half of 2021, as compared to a provision for credit losses on loans of $26,900 in the second quarter of 2020 and $53,250 in the first half of 2020. The Company’s allowance for credit loss model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. Based on the continual improvements in these forecasts over the last few quarters, the Company determined that additional provisioning during the first half of 2021 was not necessary.

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The table below reflects the activity in the allowance for credit losses on loans for the periods presented:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2021			2020			2021			2020
Balance at beginning of period	$	173,106		$	120,185		$	176,144		$	52,162
Impact of the adoption of ASC 326	—			—			—			42,484
Charge-offs
Commercial, financial, agricultural	1,184			1,156			4,682			1,549
Lease financing	—			—			—			—
Real estate – construction	—			532			52			532
Real estate – 1-4 family mortgage	152			142			253			363
Real estate – commercial mortgage	171			—			232			2,047
Installment loans to individuals	1,347			1,736			3,005			4,424
Total charge-offs	2,854			3,566			8,224			8,915
Recoveries
Commercial, financial, agricultural	233			108			522			298
Lease financing	14			5			25			10
Real estate – construction	—			—			13			—
Real estate – 1-4 family mortgage	401			48			662			136
Real estate – commercial mortgage	143			41			314			1,740
Installment loans to individuals	1,311			1,666			2,898			4,222
Total recoveries	2,102			1,868			4,434			6,406
Net charge-offs	752			1,698			3,790			2,509
Provision for credit losses on loans	—			26,900			—			53,250
Balance at end of period	$	172,354		$	145,387		$	172,354		$	145,387
Net charge-offs (annualized) to average loans	0.03		%	0.06		%	0.07		%	0.05		%
Net charge-offs to allowance for credit losses on loans	0.44		%	1.17		%	2.20		%	1.73		%
Allowance for credit losses on loans to:
Total loans							1.70		%	1.32		%
Total loans excluding PPP loans(1)							1.74		%	1.50		%
Nonperforming loans							304.86		%	329.65		%
Nonaccrual loans							314.57		%	383.08		%

(1) Allowance for credit losses on loans to total loans excluding PPP loans is a non-GAAP financial measure. A reconciliation of this financial measure from GAAP to non-GAAP as well as an explanation of why the Company provides non-GAAP financial measures can be found under the “Non-GAAP Financial Measures” heading at the end of this Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations

The table below reflects annualized net charge-offs to daily average loans outstanding, by loan category, during the periods presented:

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	Six Months Ended
	June 30, 2021					June 30, 2020
	Net Charge-offs		Average Loans		Annualized Net Charge-offs to Average Loans	Net Charge-offs		Average Loans		Annualized Net Charge-offs to Average Loans
Commercial, financial, agricultural	$	4,160	$	2,208,424	0.38%	$	1,251	$	1,828,975	0.14%
Lease financing	(25)		75,159		(0.07)	(10)		82,682		(0.02)
Real estate – construction	39		946,497		0.01	532		817,725		0.13
Real estate – 1-4 family mortgage	(409)		2,687,224		(0.03)	227		2,831,783		0.02
Real estate – commercial mortgage	(82)		4,545,471		—	307		4,281,991		0.01
Installment loans to individuals	107		177,781		0.12	202		308,560		0.13
Total	$	3,790	$	10,640,556	0.07%	$	2,509	$	10,151,716	0.05%

The following table provides further details of the Company’s net charge-offs (recoveries) of loans secured by real estate for the periods presented:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Real estate – construction:
Residential	$	—	$	532	$	39	$	532
Total real estate – construction	—		532		39		532
Real estate – 1-4 family mortgage:
Primary	21		109		(58)		260
Home equity	29		(11)		(63)		(22)
Rental/investment	(232)		—		(199)		28
Land development	(67)		(4)		(89)		(39)
Total real estate – 1-4 family mortgage	(249)		94		(409)		227
Real estate – commercial mortgage:
Owner-occupied	43		(29)		(116)		1,414
Non-owner occupied	(15)		(12)		10		(1,130)
Land development	—		—		24		23
Total real estate – commercial mortgage	28		(41)		(82)		307
Total net charge-offs of loans secured by real estate	$	(221)	$	585	$	(452)	$	1,066

Allowance for Credit Losses on Unfunded Commitments; Provision for Credit Losses on Unfunded Commitments. The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. Management estimates the amount of expected losses on unfunded loan commitments by calculating a likelihood of funding over the contractual period for exposures that are not unconditionally cancellable by the Company and applying the loss factors used in the allowance for credit losses on loans methodology described above to unfunded commitments for each loan type. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company. A roll-forward of the allowance for credit losses on unfunded commitments is shown in the tables below.

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Three Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	14,735
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		2,600
Ending balance	$	20,535	$	17,335
Six Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	946
Impact of the adoption of ASC 326	—		10,389
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		6,000
Ending balance	$	20,535	$	17,335

Nonperforming Assets. Nonperforming assets consist of nonperforming loans and other real estate owned. Nonperforming loans are those on which the accrual of interest has stopped or loans which are contractually 90 days past due on which interest continues to accrue. Generally, the accrual of interest is discontinued when the full collection of principal or interest is in doubt or when the payment of principal or interest has been contractually 90 days past due, unless the obligation is both well secured and in the process of collection. Management, the problem asset resolution committee and our loan review staff closely monitor loans that are considered to be nonperforming.

Other real estate owned consists of properties acquired through foreclosure or acceptance of a deed in lieu of foreclosure. These properties are carried at the lower of cost or fair market value based on appraised value less estimated selling costs. Losses arising at the time of foreclosure of properties are charged against the allowance for credit losses on loans. Reductions in the carrying value subsequent to acquisition are charged to earnings and are included in “Other real estate owned” in the Consolidated Statements of Income.

The following tables provide details of the Company’s non purchased and purchased nonperforming assets as of the dates presented.

	Non Purchased		Purchased		Total
June 30, 2021
Nonaccruing loans	$	27,101	$	27,690	$	54,791
Accruing loans past due 90 days or more	800		945		1,745
Total nonperforming loans	27,901		28,635		56,536
Other real estate owned	1,675		3,264		4,939
Total nonperforming assets	$	29,576	$	31,899	$	61,475
Nonperforming loans to total loans					0.56		%
Nonaccruing loans to total loans					0.54		%
Nonperforming assets to total assets					0.38		%
December 31, 2020
Nonaccruing loans	$	20,369	$	31,051	$	51,420
Accruing loans past due 90 days or more	3,783		267		4,050
Total nonperforming loans	24,152		31,318		55,470
Other real estate owned	2,045		3,927		5,972
Total nonperforming assets	$	26,197	$	35,245	$	61,442
Nonperforming loans to total loans					0.51		%
Nonaccruing loans to total loans					0.47		%
Nonperforming assets to total assets					0.41		%

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The level of nonperforming loans increased $1,066 from December 31, 2020 to June 30, 2021, while OREO decreased $1,033 during the same period.

The following table presents nonperforming loans by loan category as of the dates presented:

	June 30, 2021		December 31, 2020		June 30, 2020
Commercial, financial, agricultural	$	15,576	$	16,668	$	10,526
Lease financing	—		48		151
Real estate – construction:
Residential	—		497		—
Commercial	—		—		—
Total real estate – construction	—		497		—
Real estate – 1-4 family mortgage:
Primary	15,355		16,317		17,077
Home equity	2,038		2,273		2,219
Rental/investment	854		1,526		1,596
Land development	201		345		426
Total real estate – 1-4 family mortgage	18,448		20,461		21,318
Real estate – commercial mortgage:
Owner-occupied	4,794		6,364		8,695
Non-owner occupied	16,424		10,204		2,126
Land development	576		572		609
Total real estate – commercial mortgage	21,794		17,140		11,430
Installment loans to individuals	718		656		678
Total nonperforming loans	$	56,536	$	55,470	$	44,103

Total nonperforming loans as a percentage of total loans were 0.56% as of June 30, 2021 as compared to 0.51% and 0.40% as of December 31, 2020 and June 30, 2020, respectively. The Company’s coverage ratio, or its allowance for credit losses on loans as a percentage of nonperforming loans, was 304.85% as of June 30, 2021 as compared to 317.55% as of December 31, 2020 and 329.65% as of June 30, 2020.

Management has evaluated the aforementioned loans and other loans classified as nonperforming and believes that all nonperforming loans have been adequately reserved for in the allowance for credit losses at June 30, 2021. Management also continually monitors past due loans for potential credit quality deterioration. Total loans 30-89 days past due but still accruing interest were $15,076 at June 30, 2021 as compared to $26,286 at December 31, 2020 and $9,675 at June 30, 2020.

Although not classified as nonperforming loans, restructured loans are another category of assets that contribute to our credit risk. Restructured loans are those for which concessions have been granted to the borrower due to a deterioration of the borrower’s financial condition and are performing in accordance with the new terms. Such concessions may include reduction in interest rates or deferral of interest or principal payments. In evaluating whether to restructure a loan, management analyzes the long-term financial condition of the borrower, including guarantor and collateral support, to determine whether the proposed concessions will increase the likelihood of repayment of principal and interest. Restructured loans that are not performing in accordance with their restructured terms that are either contractually 90 days past due or placed on nonaccrual status are reported as nonperforming loans.

As shown below, restructured loans totaled $24,710 at June 30, 2021 as compared to $20,448 at December 31, 2020 and $18,078 at June 30, 2020. At June 30, 2021, loans restructured through interest rate concessions represented 26% of total restructured loans, while loans restructured by a concession in payment terms represented the remainder. The following table provides further details of the Company’s restructured loans in compliance with their modified terms as of the dates presented:

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	June 30, 2021		December 31, 2020		June 30, 2020
Commercial, financial, agricultural	$	6,523	$	2,326	$	3,286
Real estate – 1-4 family mortgage:
Primary	10,183		9,460		8,680
Home equity	299		332		374
Rental/investment	420		432		696
Total real estate – 1-4 family mortgage	10,902		10,224		9,750
Real estate – commercial mortgage:
Owner-occupied	5,633		6,838		3,679
Non-owner occupied	1,575		797		1,077
Land development	—		183		189
Total real estate – commercial mortgage	7,208		7,818		4,945
Installment loans to individuals	77		80		97
Total restructured loans in compliance with modified terms	$	24,710	$	20,448	$	18,078

Changes in the Company’s restructured loans are set forth in the table below:

	2021		2020
Balance at January 1,	$	20,448	$	11,954
Additional advances or loans with concessions	9,101		9,105
Reclassified as performing restructured loan	35		188
Reductions due to:
Reclassified as nonperforming	(2,649)		(2,539)
Paid in full	(1,650)		(422)
Charge-offs	(205)		(3)
Paydowns	(370)		(205)
Balance at June 30,	$	24,710	$	18,078

The following table shows the principal amounts of nonperforming and restructured loans as of the dates presented. All loans where information exists about possible credit problems that would cause us to have serious doubts about the borrower’s ability to comply with the current repayment terms of the loan have been reflected in the table below.

	June 30, 2021		December 31, 2020		June 30, 2020
Nonaccruing loans	$	54,791	$	51,420	$	37,952
Accruing loans past due 90 days or more	1,745		4,050		6,151
Total nonperforming loans	56,536		55,470		44,103
Restructured loans in compliance with modified terms	24,710		20,448		18,078
Total nonperforming and restructured loans	$	81,246	$	75,918	$	62,181

The following table provides details of the Company’s other real estate owned as of the dates presented:

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	June 30, 2021		December 31, 2020		June 30, 2020
Residential real estate	$	261	$	179	$	901
Commercial real estate	2,596		2,665		2,514
Residential land development	341		1,013		3,040
Commercial land development	1,741		2,115		2,670
Total other real estate owned	$	4,939	$	5,972	$	9,125

Changes in the Company’s other real estate owned were as follows:

	2021		2020
Balance at January 1,	$	5,972	$	8,010
Transfers of loans	2,503		4,259
Impairments	(117)		(827)
Dispositions	(3,328)		(2,317)
Other	(91)		—
Balance at June 30,	$	4,939	$	9,125

Other real estate owned with a cost basis of $3,328 was sold during the six months ended June 30, 2021, resulting in a net gain of $50, while other real estate owned with a cost basis of $2,317 was sold during the six months ended June 30, 2020, resulting in a net gain of $89.

Interest Rate Risk

Market risk is the risk of loss from adverse changes in market prices and rates. The majority of assets and liabilities of a financial institution are monetary in nature and therefore differ greatly from most commercial and industrial companies that have significant investments in fixed assets and inventories. Our market risk arises primarily from interest rate risk inherent in lending and deposit-taking activities. Management believes a significant impact on the Company’s financial results stems from our ability to react to changes in interest rates. A sudden and substantial change in interest rates may adversely impact our earnings because the interest rates borne by assets and liabilities do not change at the same speed, to the same extent or on the same basis.

Because of the impact of interest rate fluctuations on our profitability, the Board of Directors and management actively monitor and manage our interest rate risk exposure. We have an Asset/Liability Committee (“ALCO”) that is authorized by the Board of Directors to monitor our interest rate sensitivity and to make decisions relating to that process. The ALCO’s goal is to structure our asset/liability composition to maximize net interest income while managing interest rate risk so as to minimize the adverse impact of changes in interest rates on net interest income and capital. The ALCO uses an asset/liability model as the primary quantitative tool in measuring the amount of interest rate risk associated with changing market rates. The model is used to perform both net interest income forecast simulations for multiple year horizons and economic value of equity (“EVE”) analyses, each under various interest rate scenarios, which could impact the results presented in the table below.

Net interest income simulations measure the short and medium-term earnings exposure from changes in market interest rates in a rigorous and explicit fashion. Our current financial position is combined with assumptions regarding future business to calculate net interest income under various hypothetical rate scenarios. EVE measures our long-term earnings exposure from changes in market rates of interest. EVE is defined as the present value of assets minus the present value of liabilities at a point in time for a given set of market rate assumptions. An increase in EVE due to a specified rate change indicates an improvement in the long-term earnings capacity of the balance sheet assuming that the rate change remains in effect over the life of the current balance sheet.

The following table presents the projected impact of a change in interest rates on (1) static EVE and (2) earnings at risk (that is, net interest income) for the 1-12 and 13-24 month periods commencing July 1, 2021, in each case as compared to the result under rates present in the market on June 30, 2021. The changes in interest rates assume an instantaneous and parallel shift in the yield curve and do not account for changes in the slope of the yield curve.

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	Percentage Change In:
Immediate Change in Rates of (in basis points):	Economic Value Equity (EVE)	Earning at Risk (Net Interest Income)
	Static	1-12 Months	13-24 Months
+200	18.87%	21.38%	30.35%
+100	10.52%	10.72%	15.57%

The rate shock results for the net interest income simulations for the next twenty-four months produce an asset sensitive position at June 30, 2021 and are all within the parameters set by the Board of Directors. The preceding measures assume no change in the size or asset/liability compositions of the balance sheet, and they do not reflect future actions the ALCO may undertake in response to such changes in interest rates.

The scenarios assume instantaneous movements in interest rates in increments of plus 100 and 200. As interest rates are adjusted over a period of time, it is our strategy to proactively change the volume and mix of our balance sheet in order to mitigate our interest rate risk. The computation of the prospective effects of hypothetical interest rate changes requires numerous assumptions, including asset prepayment speeds, the impact of competitive factors on our pricing of loans and deposits, how responsive our deposit repricing is to the change in market rates and the expected life of non-maturity deposits. These business assumptions are based upon our experience, business plans and published industry experience; however, such assumptions may not necessarily reflect the manner or timing in which cash flows, asset yields and liability costs respond to changes in market rates. Because these assumptions are inherently uncertain, actual results will differ from simulated results.

The Company utilizes derivative financial instruments, including interest rate contracts such as swaps, caps and/or floors, as part of its ongoing efforts to mitigate its interest rate risk exposure and to facilitate the needs of its customers. The Company enters into derivative instruments that are not designated as hedging instruments to help its commercial customers manage their exposure to interest rate fluctuations. To mitigate the interest rate risk associated with these customer contracts, the Company enters into an offsetting derivative contract position with other financial institutions. The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures. At June 30, 2021, the Company had notional amounts of $204,113 on interest rate contracts with corporate customers and $204,113 in offsetting interest rate contracts with other financial institutions to mitigate the Company’s rate exposure on its corporate customers’ contracts and certain fixed rate loans.

Additionally, the Company enters into interest rate lock commitments with its customers to mitigate the interest rate risk associated with the commitments to fund fixed-rate and adjustable rate residential mortgage loans and also enters into forward commitments to sell residential mortgage loans to secondary market investors.

The Company also enters into forward interest rate swap contracts on its FHLB borrowings and its junior subordinated debentures that are accounted for as cash flow hedges. Under each of these contracts, the Company pays a fixed rate of interest and receives a variable rate of interest based on the three-month or one-month LIBOR plus a predetermined spread. The Company entered into an interest rate swap contract on its subordinated notes that is accounted for as a fair value hedge. Under this contract, the Company pays a variable rate of interest based on the three-month LIBOR plus a predetermined spread and receives a fixed rate of interest.

For more information about the Company’s derivatives, see Note 10, “Derivative Instruments,” in the Notes to Consolidated Financial Statements of the Company in Item 1, Financial Statements.

Liquidity and Capital Resources

Liquidity management is the ability to meet the cash flow requirements of customers who may be either depositors wishing to withdraw funds or borrowers needing assurance that sufficient funds will be available to meet their credit needs.

Core deposits, which are deposits excluding time deposits greater than $250,000, are the major source of funds used by the Bank to meet cash flow needs. Maintaining the ability to acquire these funds as needed in a variety of markets is the key to assuring the Bank’s liquidity. Management continually monitors the Bank’s liquidity and non-core dependency ratios to ensure compliance with targets established by the Asset/Liability Management Committee.

Our investment portfolio is another alternative for meeting liquidity needs. These assets generally have readily available markets that offer conversions to cash as needed. Within the next twelve months, the securities portfolio is forecasted to generate cash flow through principal payments and maturities equal to approximately 16.50% of the carrying value of the total securities portfolio. Securities within our investment portfolio are also used to secure certain deposit types, short-term

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borrowings and derivative instruments. At June 30, 2021, securities with a carrying value of $617,709 were pledged to secure public fund deposits and as collateral for short-term borrowings and derivative instruments as compared to securities with a carrying value of $614,610 similarly pledged at December 31, 2020.

Other sources available for meeting liquidity needs include federal funds purchased and short-term and long-term advances from the FHLB. Interest is charged at the prevailing market rate on federal funds purchased and FHLB advances. There were no short-term borrowings from the FHLB at June 30, 2021 or December 31, 2020. Long-term funds obtained from the FHLB are used to match-fund fixed rate loans in order to minimize interest rate risk and also are used to meet day-to-day liquidity needs, particularly when the cost of such borrowing compares favorably to the rates that we would be required to pay to attract deposits. At June 30, 2021, the balance of our outstanding long-term advances with the FHLB was $150,434 compared to $152,167 at December 31, 2020. The total amount of the remaining credit available to us from the FHLB at June 30, 2021 was $3,864,732. We also maintain lines of credit with other commercial banks totaling $180,000. These are unsecured lines of credit with the majority maturing at various times within the next twelve months. There were no amounts outstanding under these lines of credit at June 30, 2021 or December 31, 2020.

In 2016 and 2020, we accessed the capital markets to generate liquidity in the form of subordinated notes. In addition, we assumed subordinated notes in connection with our acquisition of Metropolitan BancGroup, Inc. in 2017. The carrying value of the subordinated notes, net of unamortized debt issuance costs, was $207,889 at June 30, 2021.

The following table presents, by type, the Company’s funding sources, which consist of total average deposits and borrowed funds, and the total cost of each funding source for the periods presented:

	Percentage of Total Average Deposits and Borrowed Funds				Cost of Funds
	Six Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Noninterest-bearing demand	31.06	%	25.62	%	—	%	—	%
Interest-bearing demand	45.88		42.89		0.27		0.59
Savings	7.07		6.07		0.08		0.12
Time deposits	12.30		17.64		0.95		1.66
Short-term borrowings	0.10		4.58		0.31		1.04
Long-term Federal Home Loan Bank advances	1.16		1.29		0.04		1.13
Subordinated notes	1.58		0.97		5.06		5.60
Other borrowed funds	0.85		0.94		4.22		4.69
Total deposits and borrowed funds	100.00	%	100.00	%	0.36	%	0.71	%

Our strategy in choosing funds is focused on minimizing cost in the context of our balance sheet composition and interest rate risk position. Accordingly, management targets growth of noninterest-bearing deposits. While we do not control the types of deposit instruments our clients choose, we do influence those choices with the rates and the deposit specials we offer. We constantly monitor our funds position and evaluate the effect that various funding sources have on our financial position.

Cash and cash equivalents were $1,605,488 at June 30, 2021, as compared to $616,903 at June 30, 2020. Cash used in investing activities for the six months ended June 30, 2021 was $100,321, as compared to cash used in investing activities of $1,289,169 for the six months ended June 30, 2020. Proceeds from the sale, maturity or call of securities within our investment portfolio were $350,505 for the six months ended June 30, 2021, as compared to $192,580 for the same period in 2020. These proceeds were primarily reinvested into the investment portfolio. Purchases of investment securities were $1,190,400 for the first six months of 2021, as compared to $182,745 for the same period in 2020.

Cash provided by financing activities for the six months ended June 30, 2021 was $1,023,026, as compared to $1,436,229 for the same period in 2020. Deposits increased $1,056,270 and $1,633,336 for the six months ended June 30, 2021 and 2020, respectively.

Restrictions on Bank Dividends, Loans and Advances

The Company’s liquidity and capital resources, as well as its ability to pay dividends to its shareholders, are substantially dependent on the ability of the Renasant Bank to transfer funds to the Company in the form of dividends, loans and advances.

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Under Mississippi law, a Mississippi bank may not pay dividends unless its earned surplus is in excess of three times capital stock. A Mississippi bank with earned surplus in excess of three times capital stock may pay a dividend, subject to the approval of the Mississippi Department of Banking and Consumer Finance (the “DBCF”). In addition, the FDIC also has the authority to prohibit the Bank from engaging in business practices that the FDIC considers to be unsafe or unsound, which, depending on the financial condition of the bank, could include the payment of dividends. Accordingly, the approval of the DBCF is required prior to the Bank paying dividends to the Company, and under certain circumstances the approval of the FDIC may be required.

Federal Reserve regulations also limit the amount the Bank may loan to the Company unless such loans are collateralized by specific obligations. At June 30, 2021, the maximum amount available for transfer from the Bank to the Company in the form of loans was $158,102. The Company maintains a line of credit collateralized by cash with the Bank totaling $3,079. There were no amounts outstanding under this line of credit at June 30, 2021.

These restrictions did not have any impact on the Company’s ability to meet its cash obligations in the six months ended June 30, 2021, nor does management expect such restrictions to materially impact the Company’s ability to meet its currently-anticipated cash obligations.

Potential Demands on Liquidity from Off-Balance Sheet Arrangements

The Company enters into loan commitments and standby letters of credit in the normal course of its business. Loan commitments are made to accommodate the financial needs of the Company’s customers. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. Both arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies, including establishing a provision for credit losses on unfunded commitments. Collateral (e.g., securities, receivables, inventory, equipment, etc.) is obtained based on management’s credit assessment of the customer.

Loan commitments and standby letters of credit do not necessarily represent future cash requirements of the Company in that while the borrower has the ability to draw upon these commitments at any time, these commitments often expire without being drawn upon. The Company’s unfunded loan commitments and standby letters of credit outstanding were as follows as of the dates presented:

	June 30, 2021		December 31, 2020
Loan commitments	$	2,953,982	$	2,749,988
Standby letters of credit	95,473		90,597

The Company closely monitors the amount of remaining future commitments to borrowers in light of prevailing economic conditions and adjusts these commitments and the provision related thereto as necessary. The Company will continue this process as new commitments are entered into or existing commitments are renewed. For a more detailed discussion related to the allowance and provision for credit losses on unfunded loan commitments, refer to the “Risk Management” section above.

Shareholders’ Equity and Regulatory Matters

Total shareholders’ equity of the Company was $2,203,807 at June 30, 2021 compared to $2,132,733 at December 31, 2020. Book value per share was $39.11 and $37.95 at June 30, 2021 and December 31, 2020, respectively. The growth in shareholders’ equity was attributable to earnings retention offset by changes in accumulated other comprehensive income and dividends declared.

The Company maintains a shelf registration statement with the Securities and Exchange Commission (“SEC”). The shelf registration statement, which was effective upon filing, allows the Company to raise capital from time to time through the sale of common stock, preferred stock, depositary shares, debt securities, rights, warrants and units, or a combination thereof, subject to market conditions. Specific terms and prices will be determined at the time of any offering under a separate prospectus supplement that the Company will file with the SEC at the time of the specific offering. The proceeds of the sale of securities, if and when offered, will be used for general corporate purposes or as otherwise described in the prospectus supplement applicable to the offering and could include the expansion of the Company’s banking, insurance and wealth management operations as well as other business opportunities.

On October 20, 2020, the Company’s Board of Directors approved a stock repurchase program, authorizing the Company to repurchase up to $50,000 of its outstanding common stock, either in open market purchases or privately-negotiated transactions. The repurchase program will remain in effect for one year or, if earlier, the repurchase of the entire amount of common stock

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authorized to be repurchased. The Company did not repurchase any of its common stock under the stock repurchase plan during the first six months of 2021.

The Company has junior subordinated debentures with a carrying value of $111,083 at June 30, 2021, of which $107,492 is included in the Company’s Tier 1 capital. Federal Reserve guidelines limit the amount of securities that, similar to our junior subordinated debentures, are includable in Tier 1 capital, but these guidelines did not impact the debentures we include in Tier 1 capital at June 30, 2021. Although our existing junior subordinated debentures are currently unaffected by these Federal Reserve guidelines, on account of changes enacted as part of the Dodd-Frank Act, any new trust preferred securities are not includable in Tier 1 capital. Further, if as a result of an acquisition we exceed $15,000,000 in assets, or if we make any acquisition after we have exceeded $15,000,000 in assets, we will lose Tier 1 treatment of our junior subordinated debentures.

The Company has subordinated notes with a carrying value of $207,889 at June 30, 2021, of which $212,275 is included in the Company’s Tier 2 capital.

The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency have issued guidelines governing the levels of capital that bank holding companies and banks must maintain. Those guidelines specify capital tiers, which include the following classifications:

Capital Tiers	Tier 1 Capital to Average Assets (Leverage)	Common Equity Tier 1 to Risk - Weighted Assets	Tier 1 Capital to Risk - Weighted Assets	Total Capital to Risk - Weighted Assets
Well capitalized	5% or above	6.5% or above	8% or above	10% or above
Adequately capitalized	4% or above	4.5% or above	6% or above	8% or above
Undercapitalized	Less than 4%	Less than 4.5%	Less than 6%	Less than 8%
Significantly undercapitalized	Less than 3%	Less than 3%	Less than 4%	Less than 6%
Critically undercapitalized	Tangible Equity / Total Assets less than 2%

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The following table provides the capital and risk-based capital and leverage ratios for the Company and for Renasant Bank as of the dates presented:

	Actual				Minimum Capital Requirement to be Well Capitalized				Minimum Capital Requirement to be Adequately Capitalized (including the Capital Conservation Buffer)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2021
Renasant Corporation:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,278,165	11.14	%	$	745,917	6.50	%	$	803,295	7.00	%
Tier 1 risk-based capital ratio	1,385,657		12.07	%	918,052		8.00	%	975,430		8.50	%
Total risk-based capital ratio	1,734,376		15.11	%	1,147,564		10.00	%	1,204,943		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,385,657		9.30	%	744,961		5.00	%	595,969		4.00	%
Renasant Bank:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,444,582	12.59	%	$	745,647	6.50	%	$	803,004	7.00	%
Tier 1 risk-based capital ratio	1,444,582		12.59	%	917,719		8.00	%	975,076		8.50	%
Total risk-based capital ratio	1,581,025		13.78	%	1,147,149		10.00	%	1,204,506		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,444,582		9.70	%	744,592		5.00	%	595,674		4.00	%
December 31, 2020
Renasant Corporation:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,199,394	10.93	%	$	713,086	6.50	%	$	767,939	7.00	%
Tier 1 risk-based capital ratio	1,306,597		11.91	%	877,644		8.00	%	932,497		8.50	%
Total risk-based capital ratio	1,653,694		15.07	%	1,097,055		10.00	%	1,151,908		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,306,597		9.37	%	697,579		5.00	%	558,063		4.00	%
Renasant Bank:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,369,994	12.49	%	$	712,709	6.50	%	$	767,533	7.00	%
Tier 1 risk-based capital ratio	1,369,994		12.49	%	877,181		8.00	%	932,004		8.50	%
Total risk-based capital ratio	1,504,985		13.73	%	1,096,476		10.00	%	1,151,299		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,369,994		9.83	%	696,738		5.00	%	557,391		4.00	%

The Company has elected to take advantage of transitional relief offered by the Federal Reserve and FDIC to delay for two years the estimated impact of CECL on regulatory capital, followed by a three-year transitional period to phase out the capital benefit provided by the two-year delay.

For more information regarding the capital adequacy guidelines applicable to the Company and Renasant Bank, please refer to Note 15, “Regulatory Matters,” in the Notes to the Consolidated Financial Statements of the Company in Item 1, Financial Statements.

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Non-GAAP Financial Measures

In addition to results presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), this document contains certain non-GAAP financial measures, namely, an adjusted efficiency ratio and the allowance for credit losses on loans to total loans, excluding PPP loans (the “adjusted allowance ratio”). The adjusted allowance ratio only excludes PPP loans; the adjusted efficiency ratio adjusts GAAP financial measures to exclude the amortization of intangible assets and certain items (such as, when applicable, COVID-19 related expenses, debt prepayment penalties, restructuring charges, provision for unfunded commitments, gains on sales of securities and asset valuation adjustments) with respect to which the Company is unable to accurately predict when these items will be incurred or, when incurred, the amount thereof. With respect to COVID-19 related expenses in particular, management added these expenses as a charge to exclude when calculating non-GAAP financial measures because the expenses included within this line item are readily quantifiable and possess the same characteristics with respect to management’s inability to accurately predict the timing or amount thereof as the other items excluded when calculating non-GAAP financial measures. Management uses the adjusted efficiency ratio when evaluating capital utilization and adequacy, while it uses the adjusted allowance ratio to determine the adequacy of our allowance with respect to loans not fully guaranteed by the U.S. Small Business Administration. In addition, the Company believes that non-GAAP financial measures facilitate the making of period-to-period comparisons and are meaningful indicators of its operating performance, particularly because these measures are widely used by industry analysts for companies with merger and acquisition activities. Also, because the amortization of intangible assets and items such as restructuring charges and COVID-19 related expenses can vary extensively from company to company and, as to intangible assets, are excluded from the calculation of a financial institution’s regulatory capital, the Company believes that the presentation of this non-GAAP financial information allows readers to more easily compare the Company’s results to information provided in other regulatory reports and the results of other companies. The reconciliations from GAAP to non-GAAP for these financial measures are below.

Adjusted Efficiency Ratio
	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
Interest income (fully tax equivalent basis)	$	122,617		$	125,630		$	245,995		$	257,517
Interest expense	11,412			18,173			23,526			41,744
Net interest income (fully tax equivalent basis)	111,205			107,457			222,469			215,773
Total noninterest income	47,610			64,170			128,647			101,740
Net gains on sales of securities	—			31			1,357			31
MSR valuation adjustment	—			(4,951)			13,561			(14,522)
Adjusted noninterest income	47,610			69,090			113,729			116,231
Total noninterest expense	108,777			118,285			224,712			233,326
Intangible amortization	1,539			1,834			3,137			3,729
Debt prepayment penalty	—			90			—			90
Restructuring charges	15			—			307			—
COVID-19 related expenses	370			6,257			1,155			9,160
Provision for unfunded commitments	—			2,600			—			6,000
Adjusted noninterest expense	106,853			107,504			220,113			214,347
Efficiency Ratio (GAAP)	68.49		%	68.92		%	64.00		%	73.49		%
Adjusted Efficiency Ratio (non-GAAP)	67.28		%	60.89		%	65.47		%	64.56		%

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Allowance for Credit Losses on Loans to Total Loans, excluding PPP Loans
	June 30, 2021			December 31, 2020
Total loans (GAAP)	$	10,149,242		$	10,933,647
Less PPP loans	246,931			1,128,703
Adjusted total loans (non-GAAP)	$	9,902,311		$	9,804,944
Allowance for Credit Losses on Loans	$	172,354		$	176,144
ACL/Total loans (GAAP)	1.70		%	1.61		%
ACL/Total loans excluding PPP loans (non-GAAP)	1.74		%	1.80		%

The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with GAAP. Readers of this Form 10-Q should note that, because there are no standard definitions for the calculations as well as the results, the Company’s calculations may not be comparable to a similarly-titled measure presented by other companies. Also, there may be limits in the usefulness of this measure to readers of this document. As a result, the Company encourages readers to consider its consolidated financial statements and footnotes thereto in their entirety and not to rely on any single financial measure.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in our market risk since December 31, 2020. For additional information regarding our market risk, see our Annual Report on Form 10-K for the year ended December 31, 2020.

Item 4. CONTROLS AND PROCEDURES

Based on their evaluation as of the end of the period covered by this quarterly report on Form 10-Q, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) are effective for ensuring that information the Company is required to disclose in reports that it files or submits under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to the Company’s management, including its Principal Executive and Principal Financial Officers, as appropriate to allow timely decisions regarding required disclosure. There were no changes in the Company’s internal control over financial reporting during the fiscal quarter covered by this quarterly report that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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Part II. OTHER INFORMATION

Item 1A. RISK FACTORS

When evaluating the risk of an investment in the Company’s common stock, potential investors should carefully consider the risk factors appearing in Part I, Item 1A, Risk Factors, of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. There have been no material changes from the risk factors set forth in our Annual Report on Form 10-K.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Unregistered Sales of Equity Securities

None.

Issuer Purchases of Equity Securities

During the three month period ended June 30, 2021, the Company repurchased shares of its common stock as indicated in the following table:

	Total Number of Shares Purchased(1)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Share Repurchase Plans(1)	Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under Share Repurchase Plans(2)
April 1, 2021 to April 30, 2021	188	$	41.97	—	$	50,000
May 1, 2021 to May 31, 2021	5,045	42.65		—	50,000
June 1, 2021 to June 30, 2021	629	41.83		—	50,000
Total	5,862	$	42.54	—

(1)Share amounts in this column represent shares of Renasant Corporation stock withheld to satisfy federal and state tax liabilities related to the exercise of stock options and the vesting of time-based restricted stock awards.

The Company announced a $50.0 million stock repurchase program on October 20, 2020 which will remain in effect for one year or, if earlier, the repurchase of the entire amount of common stock authorized to be repurchased. No shares were repurchased during the second quarter of 2021 under this plan.

(2)Dollars in thousands

Please refer to the information discussing restrictions on the Company’s ability to pay dividends under the heading “Liquidity and Capital Resources” in Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of this report, which is incorporated by reference herein.

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Item 6. EXHIBITS

Exhibit Number	Description
(3)(i)	Articles of Incorporation of Renasant Corporation, as amended (1)
(3)(ii)	Amended and Restated Bylaws of Renasant Corporation (2)
(3)(iii)	Articles of Amendment to the Amended and Restated Bylaws of Renasant Corporation (3)
(10)(i)	Amendment No. 3 to Executive Employment Agreement effective April 27, 2021, by and between Renasant Corporation and E. Robinson McGraw (4)
(31)(i)	Certification of the Principal Executive Officer, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
(31)(ii)	Certification of the Principal Financial Officer, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
(32)(i)	Certification of the Principal Executive Officer, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
(32)(ii)	Certification of the Principal Financial Officer, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
(101)	The following materials from Renasant Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 were formatted in Inline XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Statements of Changes in Shareholders’ Equity, (v) Consolidated Statements of Cash Flows and (vi) Notes to Consolidated Financial Statements (Unaudited).
(104)	The cover page of Renasant Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, formatted in Inline XBRL (included in Exhibit 101).

(1)Filed as exhibit 3.1 to the Form 10-Q of the Company filed with the Securities and Exchange Commission (the “Commission”) on May 10, 2016 and incorporated herein by reference.

(2)Filed as exhibit 3(ii) to the Form 8-K of the Company filed with the Commission on July 20, 2018 and incorporated herein by reference.

(3)Filed as exhibit 3(ii) to the Form 8-K of the Company filed with the Commission on April 30, 2021 and incorporated herein by reference.

(4)Filed as exhibit 10(i) to the Form 10-Q of the Company filed with the Commission on May 7, 2021 and incorporated herein by reference.

The Company does not have any long-term debt instruments under which securities are authorized exceeding ten percent of the total assets of the Company and its subsidiaries on a consolidated basis. The Company will furnish to the Securities and Exchange Commission, upon its request, a copy of all long-term debt instruments.

85

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		RENASANT CORPORATION
		(Registrant)
Date:	August 6, 2021	/s/ C. Mitchell Waycaster
		C. Mitchell Waycaster
		President and
		Chief Executive Officer
		(Principal Executive Officer)
Date:	August 6, 2021	/s/ James C. Mabry IV
		James C. Mabry IV
		Executive Vice President and
		Chief Financial Officer
		(Principal Financial Officer)

86

EX-31.1

Exhibit 31(i)

CERTIFICATIONS

I, C. Mitchell Waycaster, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended June 30, 2021 of Renasant Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 6, 2021	/s/ C. Mitchell Waycaster
		C. Mitchell Waycaster
		President and Chief Executive Officer
		(Principal Executive Officer)

EX-31.2

Exhibit 31(ii)

CERTIFICATIONS

I, James C. Mabry IV, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the period ended June 30, 2021 of Renasant Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 6, 2021	/s/ James C. Mabry IV
		James C. Mabry IV
		Executive Vice President and
		Chief Financial Officer
		(Principal Financial Officer)

EX-32.1

Exhibit 32(i)

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Renasant Corporation (the “Company”) for the period ended June 30, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, C. Mitchell Waycaster, President and Chief Executive Officer of the Company, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	August 6, 2021	/s/ C. Mitchell Waycaster
		C. Mitchell Waycaster
		President and Chief Executive Officer
		(Principal Executive Officer)

EX-32.2

Exhibit 32(ii)

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Renasant Corporation (the “Company”) for the period ended June 30, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, James C. Mabry IV, Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	August 6, 2021	/s/ James C. Mabry IV
		James C. Mabry IV
		Executive Vice President and
		Chief Financial Officer
		(Principal Financial Officer)

XML

Cover - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-13253
Entity Registrant Name	RENASANT CORP
Entity Incorporation, State or Country Code	MS
Entity Tax Identification Number	64-0676974
Entity Address, Address Line One	209 Troy Street,
Entity Address, City or Town	Tupelo,
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	38804-4827
City Area Code	662
Local Phone Number	680-1001
Title of 12(b) Security	Common stock, $5.00 par value per share
Trading Symbol	RNST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,352,052
Entity Central Index Key	0000715072
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 221,205	$ 176,372
Interest-bearing balances with banks	1,384,283	456,831
Cash and cash equivalents	1,605,488	633,203
Securities available for sale, at fair value	2,163,820	1,343,457
Loans held for sale, at fair value	448,959	417,771
Loans, net of unearned income:
Loans, net of unearned income	10,149,242	10,933,647
Allowance for credit losses	(172,354)	(176,144)
Loans, net	9,976,888	10,757,503
Premises and equipment, net	293,203	300,496
Other real estate owned:
Total other real estate owned, net	4,939	5,972
Goodwill	939,683	939,683
Other intangible assets, net	27,003	30,139
Bank-owned life insurance	279,444	230,609
Mortgage servicing rights	84,912	62,994
Other assets	198,047	207,785
Total assets	16,022,386	14,929,612
Deposits
Noninterest-bearing	4,349,135	3,685,048
Interest-bearing	8,766,216	8,374,033
Total deposits	13,115,351	12,059,081
Short-term borrowings	14,933	21,340
Long-term debt	469,406	474,970
Other liabilities	218,889	241,488
Total liabilities	13,818,579	12,796,879
Shareholders’ equity
Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 56,350,878 and 56,200,487 shares outstanding, respectively	296,483	296,483
Treasury stock, at cost – 2,945,847 and 3,096,238 shares, respectively	(97,249)	(101,554)
Additional paid-in capital	1,295,879	1,296,963
Retained earnings	689,444	615,773
Accumulated other comprehensive income, net of taxes	19,250	25,068
Total shareholders’ equity	2,203,807	2,132,733
Total liabilities and shareholders’ equity	16,022,386	14,929,612
Non purchased loans and leases
Loans, net of unearned income:
Loans, net of unearned income	8,892,544	9,419,540
Other real estate owned:
Total other real estate owned, net	1,675	2,045
Purchased loans
Loans, net of unearned income:
Loans, net of unearned income	1,256,698	1,514,107
Other real estate owned:
Total other real estate owned, net	$ 3,264	$ 3,927

XML

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (shares)	5,000,000	5,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, par value (usd per share)	$ 5.00	$ 5.00
Common stock, shares authorized (shares)	150,000,000	150,000,000
Common stock, shares issued (shares)	59,296,725	59,296,725
Common stock, shares outstanding (shares)	56,350,878	56,200,487
Treasury stock (in shares)	2,945,847	3,096,238

XML

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Loans	$ 113,325,000	$ 115,672,000	$ 228,330,000	$ 236,277,000
Securities
Taxable	5,619,000	6,418,000	10,536,000	13,720,000
Tax-exempt	1,702,000	1,670,000	3,359,000	3,124,000
Other	345,000	195,000	528,000	1,007,000
Total interest income	120,991,000	123,955,000	242,753,000	254,128,000
Interest expense
Deposits	7,669,000	13,871,000	15,949,000	32,366,000
Borrowings	3,743,000	4,302,000	7,577,000	9,378,000
Total interest expense	11,412,000	18,173,000	23,526,000	41,744,000
Net interest income	109,579,000	105,782,000	219,227,000	212,384,000
Provision for loan losses	0	26,900,000	0	53,250,000
Provision for other credit losses	0	0	0	0
Provision for credit losses	0	26,900,000	0	53,250,000
Net interest income after provision for credit losses	109,579,000	78,882,000	219,227,000	159,134,000
Noninterest income
Service charges on deposit accounts	9,458,000	6,832,000	17,481,000	15,902,000
Fees and commissions	4,110,000	2,971,000	8,010,000	6,025,000
Insurance commissions	2,422,000	2,125,000	4,659,000	4,116,000
Wealth management revenue	5,019,000	3,824,000	9,811,000	7,826,000
Mortgage banking income	20,853,000	45,490,000	71,586,000	61,025,000
Net gain on sales of securities	0	31,000	1,357,000	31,000
BOLI income	1,644,000	1,329,000	3,716,000	2,492,000
Other	4,104,000	1,568,000	12,027,000	4,323,000
Total noninterest income	47,610,000	64,170,000	128,647,000	101,740,000
Noninterest expense
Salaries and employee benefits	70,293,000	79,361,000	148,989,000	152,550,000
Data processing	5,652,000	5,047,000	11,103,000	10,053,000
Net occupancy and equipment	11,374,000	13,511,000	23,912,000	27,631,000
Other real estate owned	104,000	620,000	145,000	1,038,000
Professional fees	2,674,000	2,517,000	5,595,000	5,159,000
Advertising and public relations	3,100,000	2,920,000	6,352,000	6,320,000
Intangible amortization	1,539,000	1,834,000	3,137,000	3,729,000
Communications	2,291,000	2,181,000	4,583,000	4,379,000
Restructuring charges	15,000	0	307,000	0
Debt prepayment penalty		90,000	0	90,000
Other	11,735,000	10,204,000	20,589,000	22,377,000
Total noninterest expense	108,777,000	118,285,000	224,712,000	233,326,000
Income (loss) before income taxes	48,412,000	24,767,000	123,162,000	27,548,000
Income taxes	7,545,000	4,637,000	24,387,000	5,410,000
Net income (loss)	$ 40,867,000	$ 20,130,000	$ 98,775,000	$ 22,138,000
Basic earnings per share (usd per share)	$ 0.73	$ 0.36	$ 1.75	$ 0.39
Diluted earnings per share (usd per share)	0.72	0.36	1.75	0.39
Cash dividends per common share (usd per share)	$ 0.22	$ 0.22	$ 0.44	$ 0.44

XML

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 40,867	$ 20,130	$ 98,775	$ 22,138
Securities available for sale:
Unrealized holding gains (losses) on securities	3,702	2,603	(11,241)	19,297
Reclassification adjustment for gains realized in net income	0	(23)	(1,012)	(23)
Total securities available for sale	3,702	2,580	(12,253)	19,274
Derivative instruments:
Unrealized holding (losses) gains on derivative instruments	(4,648)	(793)	6,336	(3,796)
Total derivative instruments	(4,648)	(793)	6,336	(3,796)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	57	51	99	97
Total defined benefit pension and post-retirement benefit plans	57	51	99	97
Other comprehensive (loss) income, net of tax	(889)	1,838	(5,818)	15,575
Comprehensive income	$ 39,978	$ 21,968	$ 92,957	$ 37,713

XML

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period Of Adoption, Adjustment	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period Of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2019			56,855,002
Beginning balance at Dec. 31, 2019	$ 2,125,689	$ (35,099)	$ 296,483	$ (83,189)	$ 1,294,276	$ 617,355	$ (35,099)	$ 764
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,008					2,008
Other comprehensive income(loss)	13,737							13,737
Comprehensive income	15,745
Cash dividends	(12,555)					(12,555)
Repurchase of shares in connection with stock repurchase program (in shares)			(818,886)
Repurchase of shares in connection with stock repurchase program	(24,569)			(24,569)
Issuance of common stock for stock-based compensation awards (in shares)			104,902
Issuance of common stock for stock-based compensation awards	(1,449)			4,138	(5,587)
Stock-based compensation expense	2,750				2,750
Ending balance (in shares) at Mar. 31, 2020			56,141,018
Ending balance at Mar. 31, 2020	2,070,512		$ 296,483	(103,620)	1,291,439	571,709		14,501
Beginning balance (in shares) at Dec. 31, 2019			56,855,002
Beginning balance at Dec. 31, 2019	2,125,689	$ (35,099)	$ 296,483	(83,189)	1,294,276	617,355	$ (35,099)	764
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,138
Other comprehensive income(loss)	15,575
Comprehensive income	37,713
Ending balance (in shares) at Jun. 30, 2020			56,181,962
Ending balance at Jun. 30, 2020	2,082,946		$ 296,483	(102,223)	1,293,033	579,314		16,339
Beginning balance (in shares) at Mar. 31, 2020			56,141,018
Beginning balance at Mar. 31, 2020	2,070,512		$ 296,483	(103,620)	1,291,439	571,709		14,501
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,130					20,130
Other comprehensive income(loss)	1,838							1,838
Comprehensive income	21,968
Cash dividends	(12,525)					(12,525)
Issuance of common stock for stock-based compensation awards (in shares)			40,944
Issuance of common stock for stock-based compensation awards	(7)			1,397	(1,404)
Stock-based compensation expense	2,998				2,998
Ending balance (in shares) at Jun. 30, 2020			56,181,962
Ending balance at Jun. 30, 2020	2,082,946		$ 296,483	(102,223)	1,293,033	579,314		16,339
Beginning balance (in shares) at Dec. 31, 2020			56,200,487
Beginning balance at Dec. 31, 2020	2,132,733		$ 296,483	(101,554)	1,296,963	615,773		25,068
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	57,908					57,908
Other comprehensive income(loss)	(4,929)							(4,929)
Comprehensive income	52,979
Cash dividends	(12,564)					(12,564)
Issuance of common stock for stock-based compensation awards (in shares)			93,859
Issuance of common stock for stock-based compensation awards	(2,203)			2,605	(4,808)
Stock-based compensation expense	2,756				2,756
Ending balance (in shares) at Mar. 31, 2021			56,294,346
Ending balance at Mar. 31, 2021	2,173,701		$ 296,483	(98,949)	1,294,911	661,117		20,139
Beginning balance (in shares) at Dec. 31, 2020			56,200,487
Beginning balance at Dec. 31, 2020	2,132,733		$ 296,483	(101,554)	1,296,963	615,773		25,068
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	98,775
Other comprehensive income(loss)	(5,818)
Comprehensive income	92,957
Ending balance (in shares) at Jun. 30, 2021			56,350,878
Ending balance at Jun. 30, 2021	2,203,807		$ 296,483	(97,249)	1,295,879	689,444		19,250
Beginning balance (in shares) at Mar. 31, 2021			56,294,346
Beginning balance at Mar. 31, 2021	2,173,701		$ 296,483	(98,949)	1,294,911	661,117		20,139
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	40,867					40,867
Other comprehensive income(loss)	(889)							(889)
Comprehensive income	39,978
Cash dividends	(12,540)					(12,540)
Issuance of common stock for stock-based compensation awards (in shares)			56,532
Issuance of common stock for stock-based compensation awards	283			1,700	(1,417)
Stock-based compensation expense	2,385				2,385
Ending balance (in shares) at Jun. 30, 2021			56,350,878
Ending balance at Jun. 30, 2021	$ 2,203,807		$ 296,483	$ (97,249)	$ 1,295,879	$ 689,444		$ 19,250

XML

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share (usd per share)	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.44	$ 0.44

XML

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net income	$ 98,775,000	$ 22,138,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	0	53,250,000
Depreciation, amortization and accretion	22,459,000	13,247,000
Deferred income tax expense (benefit)	4,975,000	(9,812,000)
Funding of mortgage loans held for sale	(2,222,822,000)	(2,023,834,000)
Proceeds from sales of mortgage loans held for sale	2,249,240,000	2,070,701,000
Gains on sales of mortgage loans held for sale	(51,482,000)	(68,342,000)
Valuation adjustment to mortgage servicing rights	(13,561,000)	14,522,000
Gains on sales of securities	(1,357,000)	(31,000)
Penalty on prepayment of debt	0	90,000
(Gains) losses on sales of premises and equipment	(687,000)	35,000
Stock-based compensation expense	5,142,000	5,748,000
Increase in other assets	(15,117,000)	(68,031,000)
(Decrease) increase in other liabilities	(25,985,000)	45,232,000
Net cash provided by operating activities	49,580,000	54,913,000
Investing activities
Purchases of securities available for sale	(1,190,400,000)	(182,745,000)
Proceeds from sales of securities available for sale	155,391,000	8,773,000
Proceeds from call/maturities of securities available for sale	195,114,000	183,807,000
Net decrease (increase) in loans	783,838,000	(1,296,880,000)
Purchases of premises and equipment	(12,953,000)	(3,856,000)
Proceeds from sales of premises and equipment	8,715,000	0
Purchase of bank-owned life insurance	(45,000,000)	0
Net change in FHLB stock	(1,207,000)	(496,000)
Proceeds from sales of other assets	3,378,000	2,228,000
Other, net	2,803,000	0
Net cash used in investing activities	(100,321,000)	(1,289,169,000)
Financing activities
Net increase in noninterest-bearing deposits	664,087,000	1,188,526,000
Net increase in interest-bearing deposits	392,183,000	444,810,000
Net decrease in short-term borrowings	(6,407,000)	(147,281,000)
Repayment of long-term debt	(1,733,000)	(177,000)
Cash paid for dividends	(25,104,000)	(25,080,000)
Repurchase of shares in connection with stock repurchase program	0	(24,569,000)
Net cash provided by financing activities	1,023,026,000	1,436,229,000
Net increase in cash and cash equivalents	972,285,000	201,973,000
Cash and cash equivalents at beginning of period	633,203,000	414,930,000
Cash and cash equivalents at end of period	1,605,488,000	616,903,000
Supplemental disclosures
Cash paid for interest	24,146,000	43,564,000
Cash paid for income taxes	31,443,000	16,163,000
Noncash transactions:
Transfers of loans to other real estate owned	2,503,000	4,259,000
Financed sales of other real estate owned	130,000	154,000
Recognition of operating right-of-use assets	3,624,000	4,235,000
Recognition of operating lease liabilities	$ 3,624,000	$ 2,766,000

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

(In Thousands)

Nature of Operations: Renasant Corporation (referred to herein as the “Company”) owns and operates Renasant Bank (“Renasant Bank” or the “Bank”), Renasant Insurance, Inc. and Park Place Capital Corporation. Through its subsidiaries, the Company offers a diversified range of financial, wealth management, fiduciary and insurance services to its retail and commercial customers from full service offices located throughout Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina and South Carolina.

Basis of Presentation: The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company’s significant accounting policies, refer to the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission on February 26, 2021.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material.

Impact of Recently-Issued Accounting Standards and Pronouncements:

In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, “Reference Rate Reform (Topic 842): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides temporary, optional guidance to ease the potential burden in accounting for reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions if certain criteria are met that reference LIBOR or another reference rate expected to be discontinued. As the guidance is intended to assist stakeholders during the global market-wide reference rate transition period, it is in effect only from March 12, 2020 through December 31, 2022. The Company has established a LIBOR Transition Committee and is currently evaluating the impact of adopting ASU 2020-04 on the Company’s financial statements.

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Securities

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Securities

Securities

(In Thousands, Except Number of Securities)

The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below. There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of June 30, 2021 or December 31, 2020.

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2021
U.S. Treasury securities	$	3,021	$	16	$	—	$	3,037
Obligations of states and political subdivisions	314,675		11,270		(425)		325,520
Residential mortgage backed securities:
Government agency mortgage backed securities	742,392		13,670		(1,572)		754,490
Government agency collateralized mortgage obligations	800,299		2,267		(4,324)		798,242
Commercial mortgage backed securities:
Government agency mortgage backed securities	21,461		795		—		22,256
Government agency collateralized mortgage obligations	197,401		1,729		(1,571)		197,559
Other debt securities	59,523		3,193		—		62,716
	$	2,138,772	$	32,940	$	(7,892)	$	2,163,820

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2020
U.S. Treasury securities	$	7,047	$	32	$	—	$	7,079
Obligations of other U.S. Government agencies and corporations	1,003		6		—		1,009
Obligations of states and political subdivisions	291,231		14,015		(45)		305,201
Residential mortgage backed securities:
Government agency mortgage backed securities	581,105		21,564		(23)		602,646
Government agency collateralized mortgage obligations	218,373		1,946		(51)		220,268
Commercial mortgage backed securities:
Government agency mortgage backed securities	29,053		1,235		(1)		30,287
Government agency collateralized mortgage obligations	99,377		2,992		(21)		102,348
Trust preferred securities	12,013		—		(3,001)		9,012
Other debt securities	62,771		2,909		(73)		65,607
	$	1,301,973	$	44,699	$	(3,215)	$	1,343,457

Securities sold were as set forth in the tables below. There were no securities sold during the three months ended June 30, 2021 and 2020.

	Carrying Value		Net Proceeds		Gain/(Loss)
Six months ended June 30, 2021
Obligations of states and political subdivisions	$	47	$	50	$	3
Residential mortgage backed securities:
Government agency mortgage backed securities	136,340		139,735		3,395
Government agency collateralized mortgage obligations	5,626		5,646		20
Trust preferred securities	12,021		9,960		(2,061)
	$	154,034	$	155,391	$	1,357

	Carrying Value		Net Proceeds		Gain/(Loss)
Six months ended June 30, 2020
Obligations of states and political subdivisions	$	2,696	$	2,561	$	(135)
Residential mortgage backed securities:
Government agency mortgage backed securities	6,046		6,212		166
	$	8,742	$	8,773	$	31

Gross realized gains and losses on sales of securities available for sale for the three and six months ended June 30, 2021 were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Gross gains on sales of securities available for sale	$	—	$	166	$	3,508	$	166
Gross losses on sales of securities available for sale	—		(135)		(2,151)		(135)
Gains on sales of securities available for sale, net	$	—	$	31	$	1,357	$	31

At June 30, 2021 and December 31, 2020, securities with a carrying value of $596,836 and $582,338, respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $20,873 and $32,272 were pledged as collateral for short-term borrowings and derivative instruments at June 30, 2021 and December 31, 2020, respectively.

The amortized cost and fair value of securities at June 30, 2021 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

	Available for Sale
	Amortized Cost		Fair Value
Due within one year	$	36,914	$	39,268
Due after one year through five years	23,273		24,061
Due after five years through ten years	57,089		59,654
Due after ten years	228,196		234,605
Residential mortgage backed securities:
Government agency mortgage backed securities	742,392		754,490
Government agency collateralized mortgage obligations	800,299		798,242
Commercial mortgage backed securities:
Government agency mortgage backed securities	21,461		22,256
Government agency collateralized mortgage obligations	197,401		197,559
Other debt securities	31,747		33,685
	$	2,138,772	$	2,163,820

The following table presents the age of gross unrealized losses and fair value by investment category for which an allowance for credit losses has not been recorded as of the dates presented:

	Less than 12 Months					12 Months or More					Total
	#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses
Available for Sale:
June 30, 2021
Obligations of states and political subdivisions	20	$	40,176	$	(414)	1	$	2,166	$	(11)	21	$	42,342	$	(425)
Residential mortgage backed securities:
Government agency mortgage backed securities	25	210,509		(1,572)		—	—		—		25	210,509		(1,572)
Government agency collateralized mortgage obligations	25	537,594		(4,324)		—	—		—		25	537,594		(4,324)
Commercial mortgage backed securities:
Government agency mortgage backed securities	—	—		—		1	446		—		1	446		—
Government agency collateralized mortgage obligations	—	—		—		13	115,433		(1,571)		13	115,433		(1,571)
Other debt securities	1	1,000		—		—	—		—		1	1,000		—
Total	71	$	789,279	$	(6,310)	15	$	118,045	$	(1,582)	86	$	907,324	$	(7,892)
December 31, 2020
Obligations of states and political subdivisions	6	$	9,403	$	(45)	—	$	—	$	—	6	$	9,403	$	(45)
Residential mortgage backed securities:
Government agency mortgage backed securities	2	19,755		(23)		—	—		—		2	19,755		(23)
Government agency collateralized mortgage obligations	5	27,143		(51)		—	—		—		5	27,143		(51)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	1,538		(1)		1	459		—		2	1,997		(1)
Government agency collateralized mortgage obligations	3	14,190		(21)		—	—		—		3	14,190		(21)
Trust preferred securities	—	—		—		2	9,012		(3,001)		2	9,012		(3,001)
Other debt securities	4	3,330		(70)		1	566		(3)		5	3,896		(73)
Total	21	$	75,359	$	(211)	4	$	10,037	$	(3,004)	25	$	85,396	$	(3,215)

The Company evaluates its investment portfolio for impairment related to credit losses on a quarterly basis. Impairment is assessed at the individual security level. The Company considers an investment security impaired if the fair value of the security is less than its cost or amortized cost basis. If the Company intends to sell the investment security or if the Company does not expect to recover the entire amortized cost basis of the security before the Company is required to sell the security or before the security’s maturity, the security is impaired and written down to fair value with all losses recognized in earnings.

The Company does not intend to sell any securities in an unrealized loss position that it holds, and it is not more likely than not that the Company will be required to sell any such security prior to the recovery of its amortized cost basis, which may be at maturity. Furthermore, even though a number of these securities have been in a continuous unrealized loss position for a period longer than twelve months, the Company is collecting principal and interest payments from the respective issuers as scheduled. As a result, no allowance for credit losses for securities was needed at June 30, 2021.

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Non Purchased Loans

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Non Purchased Loans

Non Purchased Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 3, all references to “loans” mean non purchased loans excluding loans held for sale.

The following is a summary of non purchased loans and leases as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural(1)	$	1,509,908	$	2,360,471
Lease financing	78,028		80,022
Real estate – construction:
Residential	274,599		243,814
Commercial	764,014		583,338
Total real estate – construction	1,038,613		827,152
Real estate – 1-4 family mortgage:
Primary	1,623,987		1,536,181
Home equity	426,845		432,768
Rental/investment	271,397		264,436
Land development	113,345		123,179
Total real estate – 1-4 family mortgage	2,435,574		2,356,564
Real estate – commercial mortgage:
Owner-occupied	1,373,150		1,334,765
Non-owner occupied	2,249,112		2,194,739
Land development	101,047		120,125
Total real estate – commercial mortgage	3,723,309		3,649,629
Installment loans to individuals	111,137		149,862
Gross loans	8,896,569		9,423,700
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	$	8,892,544	$	9,419,540

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 and $1,128,703 as of June 30, 2021 and December 31, 2020, respectively.

Past Due and Nonaccrual Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. All interest accrued for the current year, but not collected, for loans that are placed on nonaccrual status or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	2,909	$	113	$	1,501,970	$	1,504,992	$	10	$	1,512	$	3,394	$	4,916	$	1,509,908
Lease financing	20		—		78,008		78,028		—		—		—		—		78,028
Real estate – construction:
Residential	—		—		274,599		274,599		—		—		—		—		274,599
Commercial	—		—		764,014		764,014		—		—		—		—		764,014
Total real estate – construction	—		—		1,038,613		1,038,613		—		—		—		—		1,038,613
Real estate – 1-4 family mortgage:
Primary	3,345		505		1,610,000		1,613,850		1,414		3,545		5,178		10,137		1,623,987
Home equity	975		—		425,225		426,200		30		446		169		645		426,845
Rental/investment	723		138		269,930		270,791		—		103		503		606		271,397
Land development	39		—		113,117		113,156		—		104		85		189		113,345
Total real estate – 1-4 family mortgage	5,082		643		2,418,272		2,423,997		1,444		4,198		5,935		11,577		2,435,574
Real estate – commercial mortgage:
Owner-occupied	2,342		—		1,368,353		1,370,695		477		706		1,272		2,455		1,373,150
Non-owner occupied	82		2		2,241,403		2,241,487		—		2,002		5,623		7,625		2,249,112
Land development	89		42		100,717		100,848		—		159		40		199		101,047
Total real estate – commercial mortgage	2,513		44		3,710,473		3,713,030		477		2,867		6,935		10,279		3,723,309
Installment loans to individuals	769		—		110,039		110,808		10		168		151		329		111,137
Unearned income	—		—		(4,025)		(4,025)		—		—		—		—		(4,025)
Loans, net of unearned income	$	11,293	$	800	$	8,853,350	$	8,865,443	$	1,941	$	8,745	$	16,415	$	27,101	$	8,892,544

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	1,124	$	231	$	2,354,716	$	2,356,071	$	164	$	1,804	$	2,432	$	4,400	$	2,360,471
Lease financing	—		—		79,974		79,974		—		48		—		48		80,022
Real estate – construction:
Residential	—		—		243,317		243,317		—		497		—		497		243,814
Commercial	—		—		583,338		583,338		—		—		—		—		583,338
Total real estate – construction	—		—		826,655		826,655		—		497		—		497		827,152
Real estate – 1-4 family mortgage:
Primary	11,889		1,754		1,513,716		1,527,359		1,865		2,744		4,213		8,822		1,536,181
Home equity	1,152		360		430,702		432,214		66		111		377		554		432,768
Rental/investment	663		210		263,064		263,937		61		194		244		499		264,436
Land development	97		—		123,051		123,148		—		—		31		31		123,179
Total real estate – 1-4 family mortgage	13,801		2,324		2,330,533		2,346,658		1,992		3,049		4,865		9,906		2,356,564
Real estate – commercial mortgage:
Owner-occupied	779		795		1,330,155		1,331,729		—		2,598		438		3,036		1,334,765
Non-owner occupied	922		127		2,191,440		2,192,489		—		2,197		53		2,250		2,194,739
Land development	113		115		119,820		120,048		44		29		4		77		120,125
Total real estate – commercial mortgage	1,814		1,037		3,641,415		3,644,266		44		4,824		495		5,363		3,649,629
Installment loans to individuals	896		191		148,620		149,707		4		117		34		155		149,862
Unearned income	—		—		(4,160)		(4,160)		—		—		—		—		(4,160)
Loans, net of unearned income	$	17,635	$	3,783	$	9,377,753	$	9,399,171	$	2,204	$	10,339	$	7,826	$	20,369	$	9,419,540

Restructured loans not performing in accordance with their restructured terms that are either contractually 90 days or more past due or placed on nonaccrual status are reported as nonperforming loans. There were no restructured loans contractually 90 days past due or more and still accruing at June 30, 2021 and three restructured loans in the amount of $352 contractually 90 days past due or more and still accruing at June 30, 2020. The outstanding balance of restructured loans on nonaccrual status was $11,241 and $2,306 at June 30, 2021 and June 30, 2020, respectively.

Restructured Loans

Restructured loans are those for which concessions have been granted to the borrower due to a deterioration of the borrower’s financial condition and which are performing in accordance with the new terms. Such concessions may include reduction in interest rates or deferral of interest or principal payments. In evaluating whether to restructure a loan, management analyzes the long-term financial condition of the borrower, including guarantor and collateral support, to determine whether the proposed concessions will increase the likelihood of repayment of principal and interest.

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	9	1,371		1,377
Total	15	$	6,599	$	6,605
Three months ended June 30, 2020
Commercial, financial, agricultural	4	$	933	$	930
Real estate – 1-4 family mortgage:
Primary	12	1,709		1,714
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	13	1,818		1,824
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	21	$	5,627	$	5,577

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	12	1,803		1,812
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	19	$	7,868	$	7,850
Six months ended June 30, 2020
Commercial, financial, agricultural	6	$	1,831	$	1,828
Real estate – 1-4 family mortgage:
Primary	15	2,155		2,163
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	16	2,264		2,273
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	26	$	6,971	$	6,924

With respect to loans that were restructured during the six months ended June 30, 2021, none have subsequently defaulted as of the date of this report. With respect to loans that were restructured during the six months ended June 30, 2020, $84 have subsequently defaulted, and remain outstanding, as of the date of this report.

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	76	$	11,761
Additional advances or loans with concessions	19	7,865
Reclassified as performing restructured loan	1	35
Reductions due to:
Reclassified as nonperforming	(1)	(179)
Paid in full	(5)	(428)
Principal paydowns	—	(216)
Totals at June 30, 2021	90	$	18,838

The allowance for credit losses attributable to restructured loans was $612 and $299 at June 30, 2021 and June 30, 2020, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2021. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2020.

In response to the economic environment caused by the COVID-19 pandemic, the Company implemented a loan deferral program in the second quarter of 2020 to provide temporary payment relief to both consumer and commercial customers. Any

customer current on loan payments, taxes and insurance qualified for an initial 90-day deferral of principal and interest payments. A second 90-day deferral was available to borrowers that remained current on taxes and insurance through the first deferral period and also satisfied underwriting standards established by the Company that analyzed the ability of the borrower to service its loan in accordance with its existing terms in light of the impact of the COVID-19 pandemic on the borrower, its industry and the markets in which it operated. The Company’s loan deferral program complied with the guidance set forth in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act and related guidance from the FDIC and other banking regulators. As of June 30, 2021, the Company has discontinued its deferral program but 108 loans with total balances of approximately $18,300 remained on deferral. In accordance with the applicable guidance, none of these loans are considered “restructured loans.”

Credit Quality

For loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 1 and 9, with 1 being loans with the least credit risk. Loans within the “Pass” grade (reserved for loans with a risk rating between 1 and 4C) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating of 4E) represents a loan where a significant adverse risk-modifying action is anticipated in the near term and, left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Substandard” grade (those with a risk rating between 5 and 9) generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances.

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	161,337	$	521,228	$	171,979	$	61,489	$	30,000	$	17,698	$	441,033	$	2,941	$	1,407,705
Pass	160,584		520,874		168,388		58,126		24,990		15,221		439,248		2,137		1,389,568
Special Mention	—		115		2,527		298		673		1,410		252		—		5,275
Substandard	753		239		1,064		3,065		4,337		1,067		1,533		804		12,862
Real Estate - Construction	$	221,640	$	407,728	$	293,244	$	29,050	$	149	$	—	$	6,907	$	5,803	$	964,521
Residential	$	130,319	$	58,469	$	2,093	$	—	$	—	$	—	$	6,907	$	5,803	$	203,591
Pass	130,319		57,922		2,093		—		—		—		6,907		5,803		203,044
Special Mention	—		547		—		—		—		—		—		—		547
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	91,321	$	349,259	$	291,151	$	29,050	$	149	$	—	$	—	$	—	$	760,930
Pass	91,321		349,259		286,471		29,050		149		—		—		—		756,250
Special Mention	—		—		4,680		—		—		—		—		—		4,680
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	83,874	$	82,347	$	57,180	$	22,817	$	19,601	$	12,129	$	13,870	$	538	$	292,356
Primary	$	6,270	$	7,639	$	4,917	$	3,754	$	3,913	$	972	$	4,930	$	—	$	32,395
Pass	6,270		7,639		4,131		3,754		3,913		960		4,930		—		31,597
Special Mention	—		—		120		—		—		—		—		—		120
Substandard	—		—		666		—		—		12		—		—		678
Home Equity	$	1,171	$	200	$	—	$	—	$	—	$	—	$	3,676	$	—	$	5,047
Pass	1,171		200		—		—		—		—		3,676		—		5,047
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	46,639	$	48,640	$	24,234	$	18,526	$	15,448	$	10,668	$	985	$	538	$	165,678

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	46,619		48,541		23,172		18,394		15,324		10,326		985		538		163,899
Special Mention	—		—		—		—		—		74		—		—		74
Substandard	20		99		1,062		132		124		268		—		—		1,705
Land Development	$	29,794	$	25,868	$	28,029	$	537	$	240	$	489	$	4,279	$	—	$	89,236
Pass	29,794		23,192		27,922		537		240		489		4,279		—		86,453
Special Mention	—		2,676		—		—		—		—		—		—		2,676
Substandard	—		—		107		—		—		—		—		—		107
Real Estate - Commercial Mortgage	$	401,283	$	910,479	$	734,366	$	398,252	$	344,733	$	502,800	$	99,932	$	21,054	$	3,412,899
Owner-Occupied	$	145,768	$	297,847	$	226,086	$	165,077	$	143,037	$	155,885	$	33,928	$	9,132	$	1,176,760
Pass	144,957		295,064		224,524		160,888		136,955		146,755		33,562		7,395		1,150,100
Special Mention	—		2,205		832		—		1,877		5,568		351		1,737		12,570
Substandard	811		578		730		4,189		4,205		3,562		15		—		14,090
Non-Owner Occupied	$	241,893	$	591,175	$	493,814	$	227,568	$	198,930	$	343,230	$	60,008	$	11,922	$	2,168,540
Pass	240,138		582,245		484,917		214,227		154,425		311,334		60,008		11,922		2,059,216
Special Mention	1,545		8,930		246		13,341		38,928		16,081		—		—		79,071
Substandard	210		—		8,651		—		5,577		15,815		—		—		30,253
Land Development	$	13,622	$	21,457	$	14,466	$	5,607	$	2,766	$	3,685	$	5,996	$	—	$	67,599
Pass	13,577		19,325		14,466		5,607		2,707		3,674		5,996		—		65,352
Special Mention	45		—		—		—		59		—		—		—		104
Substandard	—		2,132		—		—		—		11		—		—		2,143
Installment loans to individuals	$	—	$	6	$	2	$	—	$	—	$	—	$	—	$	—	$	8
Pass	—		6		2		—		—		—		—		—		8
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	868,134	$	1,921,788	$	1,256,771	$	511,608	$	394,483	$	532,627	$	561,742	$	30,336	$	6,077,489
Pass	864,750		1,904,267		1,236,086		490,583		338,703		488,759		559,591		27,795		5,910,534
Special Mention	1,590		14,473		8,405		13,639		41,537		23,133		603		1,737		105,117
Substandard	1,794		3,048		12,280		7,386		14,243		20,735		1,548		804		61,838

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	1,448,273	$	183,627	$	76,912	$	36,866	$	18,124	$	15,844	$	255,522	$	2,449	$	2,037,617
Pass	1,447,594		180,979		73,325		31,362		16,308		14,626		250,528		1,562		2,016,284
Special Mention	128		1,952		2,091		3,850		1,416		109		187		—		9,733
Substandard	551		696		1,496		1,654		400		1,109		4,807		887		11,600
Real Estate - Construction	$	398,891	$	266,471	$	52,520	$	29,300	$	—	$	—	$	13,927	$	—	$	761,109
Residential	$	154,649	$	9,836	$	2,114	$	—	$	—	$	—	$	13,923	$	—	$	180,522
Pass	154,419		9,339		2,114		—		—		—		13,923		—		179,795
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	230		497		—		—		—		—		—		—		727
Commercial	$	244,242	$	256,635	$	50,406	$	29,300	$	—	$	—	$	4	$	—	$	580,587
Pass	244,242		251,937		50,406		29,300		—		—		4		—		575,889

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	—		4,698		—		—		—		—		—		—		4,698
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	110,246	$	78,482	$	36,613	$	30,018	$	13,197	$	7,172	$	10,658	$	1,909	$	288,295
Primary	$	9,422	$	6,691	$	3,988	$	4,644	$	371	$	1,060	$	629	$	—	$	26,805
Pass	9,422		5,870		3,988		4,644		371		1,045		629		—		25,969
Special Mention	—		125		—		—		—		—		—		—		125
Substandard	—		696		—		—		—		15		—		—		711
Home Equity	$	157	$	184	$	—	$	—	$	—	$	—	$	6,051	$	—	$	6,392
Pass	157		184		—		—		—		—		6,051		—		6,392
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	50,558	$	32,656	$	27,483	$	25,019	$	12,620	$	5,699	$	1,066	$	557	$	155,658
Pass	50,371		31,724		26,695		24,872		12,439		5,166		1,066		557		152,890
Special Mention	—		—		—		83		77		133		—		—		293
Substandard	187		932		788		64		104		400		—		—		2,475
Land Development	$	50,109	$	38,951	$	5,142	$	355	$	206	$	413	$	2,912	$	1,352	$	99,440
Pass	50,109		38,388		5,142		355		203		413		2,912		1,352		98,874
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		563		—		—		3		—		—		—		566
Real Estate - Commercial Mortgage	$	967,746	$	801,083	$	444,205	$	402,110	$	340,774	$	277,789	$	76,115	$	20,845	$	3,330,667
Owner-Occupied	$	295,642	$	256,807	$	199,082	$	169,527	$	99,540	$	85,614	$	16,683	$	9,733	$	1,132,628
Pass	293,851		255,206		193,716		163,358		96,128		83,582		16,043		7,896		1,109,780
Special Mention	1,167		847		—		2,067		228		311		—		1,837		6,457
Substandard	624		754		5,366		4,102		3,184		1,721		640		—		16,391
Non-Owner Occupied	$	635,232	$	522,998	$	237,075	$	229,304	$	236,347	$	189,077	$	52,456	$	11,112	$	2,113,601
Pass	624,289		514,030		237,075		184,673		218,106		175,702		52,456		11,112		2,017,443
Special Mention	9,105		—		—		39,007		4,688		10,788		—		—		63,588
Substandard	1,838		8,968		—		5,624		13,553		2,587		—		—		32,570
Land Development	$	36,872	$	21,278	$	8,048	$	3,279	$	4,887	$	3,098	$	6,976	$	—	$	84,438
Pass	34,719		21,278		6,925		3,210		3,274		3,098		6,976		—		79,480
Special Mention	—		—		1,123		69		46		—		—		—		1,238
Substandard	2,153		—		—		—		1,567		—		—		—		3,720
Installment loans to individuals	$	74	$	4	$	—	$	—	$	—	$	—	$	—	$	16	$	94
Pass	74		4		—		—		—		—		—		16		94
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,925,230	$	1,329,667	$	610,250	$	498,294	$	372,095	$	300,805	$	356,222	$	25,219	$	6,417,782
Pass	2,909,247		1,308,939		599,386		441,774		346,829		283,632		350,588		22,495		6,262,890
Special Mention	10,400		7,622		3,214		45,076		6,455		11,341		187		1,837		86,132
Substandard	5,583		13,106		7,650		11,444		18,811		5,832		5,447		887		68,760

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	15,099	$	16,477	$	11,460	$	7,023	$	4,389	$	11,052	$	36,398	$	305	$	102,203
Performing Loans	15,099		16,477		11,313		6,915		4,174		10,969		36,151		305		101,403
Non-Performing Loans	—		—		147		108		215		83		247		—		800
Lease Financing Receivables	$	14,387	$	25,526	$	19,722	$	9,276	$	3,046	$	2,046	$	—	$	—	$	74,003
Performing Loans	14,387		25,526		19,722		9,276		3,046		2,046		—		—		74,003
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	20,974	$	50,321	$	2,777	$	—	$	20	$	—	$	—	$	—	$	74,092
Residential	$	19,370	$	49,080	$	2,538	$	—	$	20	$	—	$	—	$	—	$	71,008
Performing Loans	19,370		49,080		2,538		—		20		—		—		—		71,008
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,604	$	1,241	$	239	$	—	$	—	$	—	$	—	$	—	$	3,084
Performing Loans	1,604		1,241		239		—		—		—		—		—		3,084
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	295,117	$	508,702	$	274,815	$	210,531	$	159,432	$	268,946	$	422,623	$	3,052	$	2,143,218
Primary	$	267,460	$	468,784	$	257,747	$	192,337	$	143,698	$	259,743	$	1,823	$	—	$	1,591,592
Performing Loans	267,460		468,317		255,346		188,569		142,013		257,432		1,812		—		1,580,949
Non-Performing Loans	—		467		2,401		3,768		1,685		2,311		11		—		10,643
Home Equity	$	342	$	—	$	124	$	364	$	—	$	614	$	417,798	$	2,556	$	421,798
Performing Loans	342		—		124		364		—		538		417,373		2,411		421,152
Non-Performing Loans	—		—		—		—		—		76		425		145		646
Rental/Investment	$	19,972	$	29,786	$	15,217	$	15,178	$	14,417	$	7,991	$	2,662	$	496	$	105,719
Performing Loans	19,834		29,786		15,143		15,178		14,340		7,826		2,662		496		105,265
Non-Performing Loans	138		—		74		—		77		165		—		—		454
Land Development	$	7,343	$	10,132	$	1,727	$	2,652	$	1,317	$	598	$	340	$	—	$	24,109
Performing Loans	7,343		10,132		1,727		2,650		1,234		494		340		—		23,920
Non-Performing Loans	—		—		—		2		83		104		—		—		189
Real Estate - Commercial Mortgage	$	49,654	$	73,344	$	61,707	$	45,145	$	38,791	$	31,790	$	9,536	$	443	$	310,410
Owner-Occupied	$	28,626	$	45,009	$	39,590	$	29,545	$	26,029	$	22,529	$	4,762	$	300	$	196,390
Performing Loans	28,626		45,009		39,113		29,545		25,871		22,225		4,762		300		195,451
Non-Performing Loans	—		—		477		—		158		304		—		—		939
Non-Owner Occupied	$	14,585	$	17,891	$	16,379	$	11,892	$	10,548	$	6,853	$	2,281	$	143	$	80,572
Performing Loans	14,585		17,891		16,379		11,892		10,548		6,806		2,281		143		80,525
Non-Performing Loans	—		—		—		—		—		47		—		—		47
Land Development	$	6,443	$	10,444	$	5,738	$	3,708	$	2,214	$	2,408	$	2,493	$	—	$	33,448
Performing Loans	6,443		10,439		5,738		3,666		2,214		2,264		2,493		—		33,257
Non-Performing Loans	—		5		—		42		—		144		—		—		191
Installment loans to individuals	$	23,111	$	31,025	$	31,744	$	10,187	$	2,875	$	2,372	$	9,770	$	45	$	111,129
Performing Loans	23,055		30,940		31,661		10,162		2,857		2,330		9,770		25		110,800
Non-Performing Loans	56		85		83		25		18		42		—		20		329
Total loans not subject to risk rating	$	418,342	$	705,395	$	402,225	$	282,162	$	208,553	$	316,206	$	478,327	$	3,845	$	2,815,055
Performing Loans	418,148		704,838		399,043		278,217		206,317		312,930		477,644		3,680		2,800,817
Non-Performing Loans	194		557		3,182		3,945		2,236		3,276		683		165		14,238

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	33,805	$	16,455	$	10,381	$	6,396	$	2,826	$	7,201	$	245,485	$	305	$	322,854
Performing Loans	33,794		16,343		10,340		6,026		2,748		7,181		245,059		305		321,796
Non-Performing Loans	11		112		41		370		78		20		426		—		1,058
Lease Financing Receivables	$	32,150	$	25,270	$	10,999	$	4,231	$	1,040	$	2,172	$	—	$	—	$	75,862
Performing Loans	32,150		25,270		10,999		4,231		992		2,172		—		—		75,814
Non-Performing Loans	—		—		—		—		48		—		—		—		48
Real Estate - Construction	$	54,918	$	10,334	$	295	$	153	$	—	$	—	$	343	$	—	$	66,043
Residential	$	53,108	$	9,393	$	295	$	153	$	—	$	—	$	343	$	—	$	63,292
Performing Loans	53,108		9,393		295		153		—		—		343		—		63,292
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,810	$	941	$	—	$	—	$	—	$	—	$	—	$	—	$	2,751
Performing Loans	1,810		941		—		—		—		—		—		—		2,751
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	517,553	$	344,643	$	261,735	$	196,777	$	105,216	$	212,214	$	426,437	$	3,694	$	2,068,269
Primary	$	470,034	$	321,155	$	239,542	$	176,926	$	92,195	$	207,721	$	1,758	$	45	$	1,509,376
Performing Loans	470,034		318,929		235,816		175,219		91,479		205,530		1,747		45		1,498,799
Non-Performing Loans	—		2,226		3,726		1,707		716		2,191		11		—		10,577
Home Equity	$	—	$	203	$	372	$	—	$	45	$	799	$	421,838	$	3,119	$	426,376
Performing Loans	—		203		372		—		45		684		421,516		2,642		425,462
Non-Performing Loans	—		—		—		—		—		115		322		477		914
Rental/Investment	$	34,079	$	20,499	$	18,319	$	17,758	$	11,907	$	3,356	$	2,330	$	530	$	108,778
Performing Loans	34,079		20,404		18,245		17,595		11,901		3,196		2,330		530		108,280
Non-Performing Loans	—		95		74		163		6		160		—		—		498
Land Development	$	13,440	$	2,786	$	3,502	$	2,093	$	1,069	$	338	$	511	$	—	$	23,739
Performing Loans	13,440		2,786		3,502		2,062		1,069		338		511		—		23,708
Non-Performing Loans	—		—		—		31		—		—		—		—		31
Real Estate - Commercial Mortgage	$	81,953	$	71,063	$	56,193	$	47,013	$	35,801	$	15,679	$	10,772	$	488	$	318,962
Owner-Occupied	$	48,814	$	44,606	$	36,661	$	30,266	$	23,974	$	11,608	$	5,919	$	289	$	202,137
Performing Loans	48,814		44,344		36,349		30,097		23,885		11,216		5,904		289		200,898
Non-Performing Loans	—		262		312		169		89		392		15		—		1,239
Non-Owner Occupied	$	20,483	$	18,585	$	14,544	$	13,821	$	8,068	$	3,491	$	1,999	$	147	$	81,138
Performing Loans	20,483		18,460		14,486		13,821		8,068		3,439		1,999		147		80,903
Non-Performing Loans	—		125		58		—		—		52		—		—		235
Land Development	$	12,656	$	7,872	$	4,988	$	2,926	$	3,759	$	580	$	2,854	$	52	$	35,687
Performing Loans	12,656		7,872		4,988		2,922		3,759		466		2,854		52		35,569
Non-Performing Loans	—		—		—		4		—		114		—		—		118
Installment loans to individuals	$	60,133	$	57,198	$	13,704	$	4,019	$	2,459	$	1,535	$	10,661	$	59	$	149,768
Performing Loans	60,081		57,119		13,611		3,986		2,407		1,535		10,661		21		149,421
Non-Performing Loans	52		79		93		33		52		—		—		38		347
Total loans not subject to risk rating	$	780,512	$	524,963	$	353,307	$	258,589	$	147,342	$	238,801	$	693,698	$	4,546	$	3,001,758
Performing Loans	780,449		522,064		349,003		256,112		146,353		235,757		692,924		4,031		2,986,693
Non-Performing Loans	63		2,899		4,304		2,477		989		3,044		774		515		15,065

Purchased Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 4, all references to “loans” mean purchased loans excluding loans held for sale.

The following is a summary of purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	124,725	$	176,513
Real estate – construction:
Residential	2,564		2,859
Commercial	10,182		28,093
Total real estate – construction	12,746		30,952
Real estate – 1-4 family mortgage:
Primary	166,535		214,770
Home equity	63,088		80,392
Rental/investment	25,944		31,928
Land development	10,950		14,654
Total real estate – 1-4 family mortgage	266,517		341,744
Real estate – commercial mortgage:
Owner-occupied	290,041		323,041
Non-owner occupied	492,917		552,728
Land development	23,902		29,454
Total real estate – commercial mortgage	806,860		905,223
Installment loans to individuals	45,850		59,675
Loans	$	1,256,698	$	1,514,107

Past Due and Nonaccrual Loans

The Company’s policies with respect to placing loans on nonaccrual status or charging off loans, and its accounting for interest on any such loans, are described above in Note 3, “Non Purchased Loans.”

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	376	$	—	$	113,802	$	114,178	$	1,293	$	1,698	$	7,556	$	10,547	$	124,725
Real estate – construction:
Residential	46		—		2,518		2,564		—		—		—		—		2,564
Commercial	—		—		10,182		10,182		—		—		—		—		10,182
Total real estate – construction	46		—		12,700		12,746		—		—		—		—		12,746
Real estate – 1-4 family mortgage:
Primary	1,530		37		160,292		161,859		625		1,958		2,093		4,676		166,535
Home equity	555		—		61,140		61,695		36		680		677		1,393		63,088
Rental/investment	104		—		25,730		25,834		41		56		13		110		25,944
Land development	100		—		10,838		10,938		—		—		12		12		10,950
Total real estate – 1-4 family mortgage	2,289		37		258,000		260,326		702		2,694		2,795		6,191		266,517
Real estate – commercial mortgage:
Owner-occupied	60		—		287,642		287,702		89		654		1,596		2,339		290,041
Non-owner occupied	—		845		484,120		484,965		—		—		7,952		7,952		492,917
Land development	86		55		23,481		23,622		—		138		142		280		23,902
Total real estate – commercial mortgage	146		900		795,243		796,289		89		792		9,690		10,571		806,860
Installment loans to individuals	926		8		44,535		45,469		12		148		221		381		45,850
Loans, net of unearned income	$	3,783	$	945	$	1,224,280	$	1,229,008	$	2,096	$	5,332	$	20,262	$	27,690	$	1,256,698

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	818	$	101	$	163,658	$	164,577	$	74	$	2,024	$	9,838	$	11,936	$	176,513
Real estate – construction:
Residential	—		—		2,859		2,859		—		—		—		—		2,859
Commercial	—		—		28,093		28,093		—		—		—		—		28,093
Total real estate – construction	—		—		30,952		30,952		—		—		—		—		30,952
Real estate – 1-4 family mortgage:
Primary	2,394		74		206,635		209,103		687		2,799		2,181		5,667		214,770
Home equity	294		43		78,739		79,076		4		674		638		1,316		80,392
Rental/investment	180		14		30,931		31,125		—		724		79		803		31,928
Land development	109		—		14,231		14,340		—		—		314		314		14,654
Total real estate – 1-4 family mortgage	2,977		131		330,536		333,644		691		4,197		3,212		8,100		341,744
Real estate – commercial mortgage:
Owner-occupied	2,511		—		317,997		320,508		193		447		1,893		2,533		323,041
Non-owner occupied	207		—		544,694		544,901		7,682		—		145		7,827		552,728
Land development	112		—		28,962		29,074		—		164		216		380		29,454
Total real estate – commercial mortgage	2,830		—		891,653		894,483		7,875		611		2,254		10,740		905,223
Installment loans to individuals	2,026		35		57,339		59,400		31		136		108		275		59,675
Loans, net of unearned income	$	8,651	$	267	$	1,474,138	$	1,483,056	$	8,671	$	6,968	$	15,412	$	31,051	$	1,514,107

There was one restructured loan in the aggregate amount of $37 contractually 90 days past due or more and still accruing at June 30, 2021 and three restructured loans in the aggregate amount of $207 contractually 90 days past due or more and still accruing at June 30, 2020. The outstanding balance of restructured loans on nonaccrual status was $18,279 and $7,851 at June 30, 2021 and June 30, 2020, respectively.

Restructured Loans

An explanation of what constitutes a “restructured loan,” and management’s analysis in determining whether to restructure a loan, are described above in Note 3, “Non Purchased Loans.”

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Real estate – 1-4 family mortgage:
Primary	1	862		862
Three months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	1	$	66	$	68
Home equity	1	159		162
Total real estate – 1-4 family mortgage	2	225		230
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	6	$	1,890	$	1,893

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	1	$	135	$	135
Real estate – 1-4 family mortgage:
Primary	1	862		862
Total	2	$	997	$	997
Six months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	2	290		183
Home equity	1	159		162
Total real estate – 1-4 family mortgage	3	449		345
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	7	$	2,114	$	2,008

With respect to loans that were restructured during the six months ended June 30, 2021 and June 30, 2020, none have subsequently defaulted and remain outstanding as of the date of this report.

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	48	$	8,687
Additional advances or loans with concessions	2	1,236
Reductions due to:
Reclassified to nonperforming loans	(3)	(2,470)
Paid in full	(4)	(1,222)
Charge-offs	(1)	(205)
Principal paydowns	—	(154)
Totals at June 30, 2021	42	$	5,872

The allowance for credit losses attributable to restructured loans was $127 and $302 at June 30, 2021 and June 30, 2020, respectively. The Company had $1 and $242 in remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2021 and June 30, 2020, respectively.

As discussed in Note 3, “Non Purchased Loans,” the Company implemented a loan deferral program in response to the COVID-19 pandemic. As of June 30, 2021, the Company had 33 loans with total balances of approximately $2,300 remaining on deferral. Under the applicable guidance, none of these loans were considered “restructured loans.”

Credit Quality

A discussion of the Company’s policies regarding internal risk-rating of loans is discussed above in Note 3, “Non Purchased Loans.” The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	679	$	18,481	$	16,855	$	30,643	$	47,497	$	1,879	$	116,034
Pass	—		—		679		16,261		11,563		23,206		42,942		412		95,063
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		2,220		5,292		7,437		4,555		1,467		20,971
Real Estate - Construction	$	—	$	—	$	—	$	1,005	$	452	$	10,867	$	—	$	—	$	12,324
Residential	$	—	$	—	$	—	$	1,005	$	452	$	685	$	—	$	—	$	2,142
Pass	—		—		—		1,005		452		685		—		—		2,142
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	10,182	$	—	$	—	$	10,182
Pass	—		—		—		—		—		10,182		—		—		10,182
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	11,373	$	4,555	$	30,598	$	888	$	226	$	47,640
Primary	$	—	$	—	$	—	$	4,239	$	2,600	$	13,586	$	—	$	—	$	20,425
Pass	—		—		—		4,239		2,514		9,567		—		—		16,320
Special Mention	—		—		—		—		—		1,014		—		—		1,014
Substandard	—		—		—		—		86		3,005		—		—		3,091
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	651	$	226	$	877
Pass	—		—		—		—		—		—		162		—		162
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		489		226		715
Rental/Investment	$	—	$	—	$	—	$	—	$	1,841	$	14,415	$	237	$	—	$	16,493
Pass	—		—		—		—		1,841		13,564		87		—		15,492
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		851		150		—		1,001
Land Development	$	—	$	—	$	—	$	7,134	$	114	$	2,597	$	—	$	—	$	9,845
Pass	—		—		—		7,134		87		1,184		—		—		8,405
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		27		1,413		—		—		1,440

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	57,113	$	159,064	$	528,632	$	9,749	$	14,559	$	769,117
Owner-Occupied	$	—	$	—	$	—	$	14,682	$	33,181	$	217,414	$	3,174	$	2	$	268,453
Pass	—		—		—		14,682		29,288		193,496		3,166		—		240,632
Special Mention	—		—		—		—		1,582		1,971		—		—		3,553
Substandard	—		—		—		—		2,311		21,947		8		2		24,268
Non-Owner Occupied	$	—	$	—	$	—	$	40,506	$	122,120	$	297,530	$	6,380	$	14,557	$	481,093
Pass	—		—		—		24,133		114,441		254,147		6,380		—		399,101
Special Mention	—		—		—		—		—		10,570		—		—		10,570
Substandard	—		—		—		16,373		7,679		32,813		—		14,557		71,422
Land Development	$	—	$	—	$	—	$	1,925	$	3,763	$	13,688	$	195	$	—	$	19,571
Pass	—		—		—		1,925		3,763		7,522		195		—		13,405
Special Mention	—		—		—		—		—		5,253		—		—		5,253
Substandard	—		—		—		—		—		913		—		—		913
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	679	$	87,972	$	180,926	$	600,740	$	58,134	$	16,664	$	945,115
Pass	—		—		679		69,379		163,949		513,553		52,932		412		800,904
Special Mention	—		—		—		—		1,582		18,808		—		—		20,390
Substandard	—		—		—		18,593		15,395		68,379		5,202		16,252		123,821

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	711	$	28,242	$	27,222	$	22,377	$	20,759	$	64,563	$	1,788	$	165,662
Pass	—		711		24,211		20,930		17,240		16,880		56,736		409		137,117
Special Mention	—		—		357		97		104		—		—		—		558
Substandard	—		—		3,674		6,195		5,033		3,879		7,827		1,379		27,987
Real Estate - Construction	$	—	$	—	$	10,522	$	9,228	$	10,781	$	—	$	—	$	—	$	30,531
Residential	$	—	$	—	$	1,543	$	211	$	684	$	—	$	—	$	—	$	2,438
Pass	—		—		1,543		211		684		—		—		—		2,438
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	8,979	$	9,017	$	10,097	$	—	$	—	$	—	$	28,093
Pass	—		—		8,979		9,017		10,097		—		—		—		28,093
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	14,022	$	7,126	$	1,112	$	38,747	$	957	$	253	$	62,217
Primary	$	—	$	—	$	6,873	$	3,212	$	595	$	17,223	$	249	$	—	$	28,152
Pass	—		—		5,556		3,212		594		12,665		249		—		22,276
Special Mention	—		—		—		—		—		1,120		—		—		1,120
Substandard	—		—		1,317		—		1		3,438		—		—		4,756
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	697	$	253	$	950
Pass	—		—		—		—		—		—		59		—		59
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		638		253		891
Rental/Investment	$	—	$	—	$	—	$	1,883	$	232	$	18,275	$	9	$	—	$	20,399
Pass	—		—		—		1,883		232		16,139		9		—		18,263
Special Mention	—		—		—		—		—		44		—		—		44
Substandard	—		—		—		—		—		2,092		—		—		2,092
Land Development	$	—	$	—	$	7,149	$	2,031	$	285	$	3,249	$	2	$	—	$	12,716
Pass	—		—		7,149		2,009		285		1,793		2		—		11,238
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		22		—		1,456		—		—		1,478
Real Estate - Commercial Mortgage	$	—	$	—	$	76,557	$	153,960	$	171,487	$	435,073	$	22,631	$	4,688	$	864,396
Owner-Occupied	$	—	$	—	$	15,001	$	32,567	$	61,568	$	181,007	$	9,723	$	2	$	299,868
Pass	—		—		15,001		29,276		43,962		161,790		5,808		—		255,837
Special Mention	—		—		—		—		9,670		—		—		—		9,670
Substandard	—		—		—		3,291		7,936		19,217		3,915		2		34,361
Non-Owner Occupied	$	—	$	—	$	55,962	$	117,592	$	107,004	$	242,249	$	12,720	$	4,686	$	540,213
Pass	—		—		37,002		109,910		83,738		221,423		6,431		—		458,504
Special Mention	—		—		2,591		—		5,302		2,622		—		—		10,515
Substandard	—		—		16,369		7,682		17,964		18,204		6,289		4,686		71,194
Land Development	$	—	$	—	$	5,594	$	3,801	$	2,915	$	11,817	$	188	$	—	$	24,315
Pass	—		—		5,594		3,801		2,780		4,962		188		—		17,325
Special Mention	—		—		—		—		—		5,438		—		—		5,438
Substandard	—		—		—		—		135		1,417		—		—		1,552
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	711	$	129,343	$	197,536	$	205,757	$	494,579	$	88,151	$	6,729	$	1,122,806
Pass	—		711		105,035		180,249		159,612		435,652		69,482		409		951,150
Special Mention	—		—		2,948		97		15,076		9,224		—		—		27,345
Substandard	—		—		21,360		17,190		31,069		49,703		18,669		6,320		144,311

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	383	$	337	$	2,727	$	5,021	$	223	$	8,691
Performing Loans	—		—		—		383		337		2,727		5,001		223		8,671
Non-Performing Loans	—		—		—		—		—		—		20		—		20
Real Estate - Construction	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Residential	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Performing Loans	—		—		—		422		—		—		—		—		422
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	363	$	2,233	$	26,840	$	131,914	$	55,416	$	2,111	$	218,877
Primary	$	—	$	—	$	243	$	1,684	$	24,349	$	119,577	$	166	$	91	$	146,110
Performing Loans	—		—		243		1,574		23,741		115,772		166		22		141,518
Non-Performing Loans	—		—		—		110		608		3,805		—		69		4,592
Home Equity	$	—	$	—	$	—	$	549	$	2,295	$	2,109	$	55,238	$	2,020	$	62,211
Performing Loans	—		—		—		549		2,295		2,031		54,552		1,618		61,045
Non-Performing Loans	—		—		—		—		—		78		686		402		1,166
Rental/Investment	$	—	$	—	$	120	$	—	$	124	$	9,195	$	12	$	—	$	9,451
Performing Loans	—		—		120		—		124		9,112		12		—		9,368
Non-Performing Loans	—		—		—		—		—		83		—		—		83
Land Development	$	—	$	—	$	—	$	—	$	72	$	1,033	$	—	$	—	$	1,105
Performing Loans	—		—		—		—		72		1,033		—		—		1,105
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	331	$	1,199	$	1,112	$	33,778	$	1,323	$	—	$	37,743
Owner-Occupied	$	—	$	—	$	—	$	644	$	589	$	19,562	$	793	$	—	$	21,588
Performing Loans	—		—		—		644		589		19,301		793		—		21,327
Non-Performing Loans	—		—		—		—		—		261		—		—		261
Non-Owner Occupied	$	—	$	—	$	331	$	404	$	138	$	10,536	$	415	$	—	$	11,824
Performing Loans	—		—		331		404		—		10,409		415		—		11,559
Non-Performing Loans	—		—		—		—		138		127		—		—		265
Land Development	$	—	$	—	$	—	$	151	$	385	$	3,680	$	115	$	—	$	4,331
Performing Loans	—		—		—		151		385		3,625		115		—		4,276
Non-Performing Loans	—		—		—		—		—		55		—		—		55
Installment loans to individuals	$	—	$	—	$	—	$	26,952	$	12,424	$	4,625	$	1,785	$	64	$	45,850
Performing Loans	—		—		—		26,908		12,370		4,367		1,785		32		45,462
Non-Performing Loans	—		—		—		44		54		258		—		32		388
Total loans not subject to risk rating	$	—	$	—	$	694	$	31,189	$	40,713	$	173,044	$	63,545	$	2,398	$	311,583
Performing Loans	—		—		694		31,035		39,913		168,377		62,839		1,895		304,753
Non-Performing Loans	—		—		—		154		800		4,667		706		503		6,830

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	—	$	445	$	349	$	303	$	2,899	$	6,809	$	46	$	10,851
Performing Loans	—		—		445		349		303		2,899		6,784		46		10,826
Non-Performing Loans	—		—		—		—		—		—		25		—		25
Real Estate - Construction	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Residential	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Performing Loans	—		—		421		—		—		—		—		—		421
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	371	$	3,082	$	33,674	$	28,169	$	140,689	$	70,870	$	2,672	$	279,527
Primary	$	—	$	248	$	1,953	$	30,078	$	25,956	$	127,642	$	630	$	111	$	186,618
Performing Loans	—		248		1,842		29,321		25,935		122,970		630		25		180,971
Non-Performing Loans	—		—		111		757		21		4,672		—		86		5,647
Home Equity	$	—	$	—	$	742	$	3,324	$	1,668	$	1,027	$	70,120	$	2,561	$	79,442
Performing Loans	—		—		742		3,324		1,668		960		69,518		2,124		78,336
Non-Performing Loans	—		—		—		—		—		67		602		437		1,106
Rental/Investment	$	—	$	123	$	—	$	200	$	193	$	10,893	$	120	$	—	$	11,529
Performing Loans	—		123		—		200		193		10,800		120		—		11,436
Non-Performing Loans	—		—		—		—		—		93		—		—		93
Land Development	$	—	$	—	$	387	$	72	$	352	$	1,127	$	—	$	—	$	1,938
Performing Loans	—		—		387		30		117		1,127		—		—		1,661
Non-Performing Loans	—		—		—		42		235		—		—		—		277
Real Estate - Commercial Mortgage	$	—	$	337	$	597	$	1,063	$	982	$	35,946	$	1,902	$	—	$	40,827
Owner-Occupied	$	—	$	—	$	—	$	625	$	660	$	20,531	$	1,357	$	—	$	23,173
Performing Loans	—		—		—		625		660		20,253		1,357		—		22,895
Non-Performing Loans	—		—		—		—		—		278		—		—		278
Non-Owner Occupied	$	—	$	337	$	443	$	49	$	66	$	11,467	$	153	$	—	$	12,515
Performing Loans	—		337		443		49		66		11,331		153		—		12,379
Non-Performing Loans	—		—		—		—		—		136		—		—		136
Land Development	$	—	$	—	$	154	$	389	$	256	$	3,948	$	392	$	—	$	5,139
Performing Loans	—		—		154		389		256		3,890		392		—		5,081
Non-Performing Loans	—		—		—		—		—		58		—		—		58
Installment loans to individuals	$	—	$	—	$	34,976	$	15,497	$	1,118	$	4,348	$	3,676	$	60	$	59,675
Performing Loans	—		—		34,942		15,405		1,051		4,262		3,676		29		59,365
Non-Performing Loans	—		—		34		92		67		86		—		31		310
Total loans not subject to risk rating	$	—	$	708	$	39,521	$	50,583	$	30,572	$	183,882	$	83,257	$	2,778	$	391,301
Performing Loans	—		708		39,376		49,692		30,249		178,492		82,630		2,224		383,371
Non-Performing Loans	—		—		145		891		323		5,390		627		554		7,930

XML

Purchased Loans

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Purchased Loans

Non Purchased Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 3, all references to “loans” mean non purchased loans excluding loans held for sale.

The following is a summary of non purchased loans and leases as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural(1)	$	1,509,908	$	2,360,471
Lease financing	78,028		80,022
Real estate – construction:
Residential	274,599		243,814
Commercial	764,014		583,338
Total real estate – construction	1,038,613		827,152
Real estate – 1-4 family mortgage:
Primary	1,623,987		1,536,181
Home equity	426,845		432,768
Rental/investment	271,397		264,436
Land development	113,345		123,179
Total real estate – 1-4 family mortgage	2,435,574		2,356,564
Real estate – commercial mortgage:
Owner-occupied	1,373,150		1,334,765
Non-owner occupied	2,249,112		2,194,739
Land development	101,047		120,125
Total real estate – commercial mortgage	3,723,309		3,649,629
Installment loans to individuals	111,137		149,862
Gross loans	8,896,569		9,423,700
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	$	8,892,544	$	9,419,540

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 and $1,128,703 as of June 30, 2021 and December 31, 2020, respectively.

Past Due and Nonaccrual Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. All interest accrued for the current year, but not collected, for loans that are placed on nonaccrual status or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	2,909	$	113	$	1,501,970	$	1,504,992	$	10	$	1,512	$	3,394	$	4,916	$	1,509,908
Lease financing	20		—		78,008		78,028		—		—		—		—		78,028
Real estate – construction:
Residential	—		—		274,599		274,599		—		—		—		—		274,599
Commercial	—		—		764,014		764,014		—		—		—		—		764,014
Total real estate – construction	—		—		1,038,613		1,038,613		—		—		—		—		1,038,613
Real estate – 1-4 family mortgage:
Primary	3,345		505		1,610,000		1,613,850		1,414		3,545		5,178		10,137		1,623,987
Home equity	975		—		425,225		426,200		30		446		169		645		426,845
Rental/investment	723		138		269,930		270,791		—		103		503		606		271,397
Land development	39		—		113,117		113,156		—		104		85		189		113,345
Total real estate – 1-4 family mortgage	5,082		643		2,418,272		2,423,997		1,444		4,198		5,935		11,577		2,435,574
Real estate – commercial mortgage:
Owner-occupied	2,342		—		1,368,353		1,370,695		477		706		1,272		2,455		1,373,150
Non-owner occupied	82		2		2,241,403		2,241,487		—		2,002		5,623		7,625		2,249,112
Land development	89		42		100,717		100,848		—		159		40		199		101,047
Total real estate – commercial mortgage	2,513		44		3,710,473		3,713,030		477		2,867		6,935		10,279		3,723,309
Installment loans to individuals	769		—		110,039		110,808		10		168		151		329		111,137
Unearned income	—		—		(4,025)		(4,025)		—		—		—		—		(4,025)
Loans, net of unearned income	$	11,293	$	800	$	8,853,350	$	8,865,443	$	1,941	$	8,745	$	16,415	$	27,101	$	8,892,544

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	1,124	$	231	$	2,354,716	$	2,356,071	$	164	$	1,804	$	2,432	$	4,400	$	2,360,471
Lease financing	—		—		79,974		79,974		—		48		—		48		80,022
Real estate – construction:
Residential	—		—		243,317		243,317		—		497		—		497		243,814
Commercial	—		—		583,338		583,338		—		—		—		—		583,338
Total real estate – construction	—		—		826,655		826,655		—		497		—		497		827,152
Real estate – 1-4 family mortgage:
Primary	11,889		1,754		1,513,716		1,527,359		1,865		2,744		4,213		8,822		1,536,181
Home equity	1,152		360		430,702		432,214		66		111		377		554		432,768
Rental/investment	663		210		263,064		263,937		61		194		244		499		264,436
Land development	97		—		123,051		123,148		—		—		31		31		123,179
Total real estate – 1-4 family mortgage	13,801		2,324		2,330,533		2,346,658		1,992		3,049		4,865		9,906		2,356,564
Real estate – commercial mortgage:
Owner-occupied	779		795		1,330,155		1,331,729		—		2,598		438		3,036		1,334,765
Non-owner occupied	922		127		2,191,440		2,192,489		—		2,197		53		2,250		2,194,739
Land development	113		115		119,820		120,048		44		29		4		77		120,125
Total real estate – commercial mortgage	1,814		1,037		3,641,415		3,644,266		44		4,824		495		5,363		3,649,629
Installment loans to individuals	896		191		148,620		149,707		4		117		34		155		149,862
Unearned income	—		—		(4,160)		(4,160)		—		—		—		—		(4,160)
Loans, net of unearned income	$	17,635	$	3,783	$	9,377,753	$	9,399,171	$	2,204	$	10,339	$	7,826	$	20,369	$	9,419,540

Restructured loans not performing in accordance with their restructured terms that are either contractually 90 days or more past due or placed on nonaccrual status are reported as nonperforming loans. There were no restructured loans contractually 90 days past due or more and still accruing at June 30, 2021 and three restructured loans in the amount of $352 contractually 90 days past due or more and still accruing at June 30, 2020. The outstanding balance of restructured loans on nonaccrual status was $11,241 and $2,306 at June 30, 2021 and June 30, 2020, respectively.

Restructured Loans

Restructured loans are those for which concessions have been granted to the borrower due to a deterioration of the borrower’s financial condition and which are performing in accordance with the new terms. Such concessions may include reduction in interest rates or deferral of interest or principal payments. In evaluating whether to restructure a loan, management analyzes the long-term financial condition of the borrower, including guarantor and collateral support, to determine whether the proposed concessions will increase the likelihood of repayment of principal and interest.

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	9	1,371		1,377
Total	15	$	6,599	$	6,605
Three months ended June 30, 2020
Commercial, financial, agricultural	4	$	933	$	930
Real estate – 1-4 family mortgage:
Primary	12	1,709		1,714
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	13	1,818		1,824
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	21	$	5,627	$	5,577

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	12	1,803		1,812
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	19	$	7,868	$	7,850
Six months ended June 30, 2020
Commercial, financial, agricultural	6	$	1,831	$	1,828
Real estate – 1-4 family mortgage:
Primary	15	2,155		2,163
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	16	2,264		2,273
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	26	$	6,971	$	6,924

With respect to loans that were restructured during the six months ended June 30, 2021, none have subsequently defaulted as of the date of this report. With respect to loans that were restructured during the six months ended June 30, 2020, $84 have subsequently defaulted, and remain outstanding, as of the date of this report.

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	76	$	11,761
Additional advances or loans with concessions	19	7,865
Reclassified as performing restructured loan	1	35
Reductions due to:
Reclassified as nonperforming	(1)	(179)
Paid in full	(5)	(428)
Principal paydowns	—	(216)
Totals at June 30, 2021	90	$	18,838

The allowance for credit losses attributable to restructured loans was $612 and $299 at June 30, 2021 and June 30, 2020, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2021. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2020.

In response to the economic environment caused by the COVID-19 pandemic, the Company implemented a loan deferral program in the second quarter of 2020 to provide temporary payment relief to both consumer and commercial customers. Any

customer current on loan payments, taxes and insurance qualified for an initial 90-day deferral of principal and interest payments. A second 90-day deferral was available to borrowers that remained current on taxes and insurance through the first deferral period and also satisfied underwriting standards established by the Company that analyzed the ability of the borrower to service its loan in accordance with its existing terms in light of the impact of the COVID-19 pandemic on the borrower, its industry and the markets in which it operated. The Company’s loan deferral program complied with the guidance set forth in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act and related guidance from the FDIC and other banking regulators. As of June 30, 2021, the Company has discontinued its deferral program but 108 loans with total balances of approximately $18,300 remained on deferral. In accordance with the applicable guidance, none of these loans are considered “restructured loans.”

Credit Quality

For loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 1 and 9, with 1 being loans with the least credit risk. Loans within the “Pass” grade (reserved for loans with a risk rating between 1 and 4C) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating of 4E) represents a loan where a significant adverse risk-modifying action is anticipated in the near term and, left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Substandard” grade (those with a risk rating between 5 and 9) generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances.

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	161,337	$	521,228	$	171,979	$	61,489	$	30,000	$	17,698	$	441,033	$	2,941	$	1,407,705
Pass	160,584		520,874		168,388		58,126		24,990		15,221		439,248		2,137		1,389,568
Special Mention	—		115		2,527		298		673		1,410		252		—		5,275
Substandard	753		239		1,064		3,065		4,337		1,067		1,533		804		12,862
Real Estate - Construction	$	221,640	$	407,728	$	293,244	$	29,050	$	149	$	—	$	6,907	$	5,803	$	964,521
Residential	$	130,319	$	58,469	$	2,093	$	—	$	—	$	—	$	6,907	$	5,803	$	203,591
Pass	130,319		57,922		2,093		—		—		—		6,907		5,803		203,044
Special Mention	—		547		—		—		—		—		—		—		547
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	91,321	$	349,259	$	291,151	$	29,050	$	149	$	—	$	—	$	—	$	760,930
Pass	91,321		349,259		286,471		29,050		149		—		—		—		756,250
Special Mention	—		—		4,680		—		—		—		—		—		4,680
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	83,874	$	82,347	$	57,180	$	22,817	$	19,601	$	12,129	$	13,870	$	538	$	292,356
Primary	$	6,270	$	7,639	$	4,917	$	3,754	$	3,913	$	972	$	4,930	$	—	$	32,395
Pass	6,270		7,639		4,131		3,754		3,913		960		4,930		—		31,597
Special Mention	—		—		120		—		—		—		—		—		120
Substandard	—		—		666		—		—		12		—		—		678
Home Equity	$	1,171	$	200	$	—	$	—	$	—	$	—	$	3,676	$	—	$	5,047
Pass	1,171		200		—		—		—		—		3,676		—		5,047
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	46,639	$	48,640	$	24,234	$	18,526	$	15,448	$	10,668	$	985	$	538	$	165,678

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	46,619		48,541		23,172		18,394		15,324		10,326		985		538		163,899
Special Mention	—		—		—		—		—		74		—		—		74
Substandard	20		99		1,062		132		124		268		—		—		1,705
Land Development	$	29,794	$	25,868	$	28,029	$	537	$	240	$	489	$	4,279	$	—	$	89,236
Pass	29,794		23,192		27,922		537		240		489		4,279		—		86,453
Special Mention	—		2,676		—		—		—		—		—		—		2,676
Substandard	—		—		107		—		—		—		—		—		107
Real Estate - Commercial Mortgage	$	401,283	$	910,479	$	734,366	$	398,252	$	344,733	$	502,800	$	99,932	$	21,054	$	3,412,899
Owner-Occupied	$	145,768	$	297,847	$	226,086	$	165,077	$	143,037	$	155,885	$	33,928	$	9,132	$	1,176,760
Pass	144,957		295,064		224,524		160,888		136,955		146,755		33,562		7,395		1,150,100
Special Mention	—		2,205		832		—		1,877		5,568		351		1,737		12,570
Substandard	811		578		730		4,189		4,205		3,562		15		—		14,090
Non-Owner Occupied	$	241,893	$	591,175	$	493,814	$	227,568	$	198,930	$	343,230	$	60,008	$	11,922	$	2,168,540
Pass	240,138		582,245		484,917		214,227		154,425		311,334		60,008		11,922		2,059,216
Special Mention	1,545		8,930		246		13,341		38,928		16,081		—		—		79,071
Substandard	210		—		8,651		—		5,577		15,815		—		—		30,253
Land Development	$	13,622	$	21,457	$	14,466	$	5,607	$	2,766	$	3,685	$	5,996	$	—	$	67,599
Pass	13,577		19,325		14,466		5,607		2,707		3,674		5,996		—		65,352
Special Mention	45		—		—		—		59		—		—		—		104
Substandard	—		2,132		—		—		—		11		—		—		2,143
Installment loans to individuals	$	—	$	6	$	2	$	—	$	—	$	—	$	—	$	—	$	8
Pass	—		6		2		—		—		—		—		—		8
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	868,134	$	1,921,788	$	1,256,771	$	511,608	$	394,483	$	532,627	$	561,742	$	30,336	$	6,077,489
Pass	864,750		1,904,267		1,236,086		490,583		338,703		488,759		559,591		27,795		5,910,534
Special Mention	1,590		14,473		8,405		13,639		41,537		23,133		603		1,737		105,117
Substandard	1,794		3,048		12,280		7,386		14,243		20,735		1,548		804		61,838

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	1,448,273	$	183,627	$	76,912	$	36,866	$	18,124	$	15,844	$	255,522	$	2,449	$	2,037,617
Pass	1,447,594		180,979		73,325		31,362		16,308		14,626		250,528		1,562		2,016,284
Special Mention	128		1,952		2,091		3,850		1,416		109		187		—		9,733
Substandard	551		696		1,496		1,654		400		1,109		4,807		887		11,600
Real Estate - Construction	$	398,891	$	266,471	$	52,520	$	29,300	$	—	$	—	$	13,927	$	—	$	761,109
Residential	$	154,649	$	9,836	$	2,114	$	—	$	—	$	—	$	13,923	$	—	$	180,522
Pass	154,419		9,339		2,114		—		—		—		13,923		—		179,795
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	230		497		—		—		—		—		—		—		727
Commercial	$	244,242	$	256,635	$	50,406	$	29,300	$	—	$	—	$	4	$	—	$	580,587
Pass	244,242		251,937		50,406		29,300		—		—		4		—		575,889

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	—		4,698		—		—		—		—		—		—		4,698
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	110,246	$	78,482	$	36,613	$	30,018	$	13,197	$	7,172	$	10,658	$	1,909	$	288,295
Primary	$	9,422	$	6,691	$	3,988	$	4,644	$	371	$	1,060	$	629	$	—	$	26,805
Pass	9,422		5,870		3,988		4,644		371		1,045		629		—		25,969
Special Mention	—		125		—		—		—		—		—		—		125
Substandard	—		696		—		—		—		15		—		—		711
Home Equity	$	157	$	184	$	—	$	—	$	—	$	—	$	6,051	$	—	$	6,392
Pass	157		184		—		—		—		—		6,051		—		6,392
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	50,558	$	32,656	$	27,483	$	25,019	$	12,620	$	5,699	$	1,066	$	557	$	155,658
Pass	50,371		31,724		26,695		24,872		12,439		5,166		1,066		557		152,890
Special Mention	—		—		—		83		77		133		—		—		293
Substandard	187		932		788		64		104		400		—		—		2,475
Land Development	$	50,109	$	38,951	$	5,142	$	355	$	206	$	413	$	2,912	$	1,352	$	99,440
Pass	50,109		38,388		5,142		355		203		413		2,912		1,352		98,874
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		563		—		—		3		—		—		—		566
Real Estate - Commercial Mortgage	$	967,746	$	801,083	$	444,205	$	402,110	$	340,774	$	277,789	$	76,115	$	20,845	$	3,330,667
Owner-Occupied	$	295,642	$	256,807	$	199,082	$	169,527	$	99,540	$	85,614	$	16,683	$	9,733	$	1,132,628
Pass	293,851		255,206		193,716		163,358		96,128		83,582		16,043		7,896		1,109,780
Special Mention	1,167		847		—		2,067		228		311		—		1,837		6,457
Substandard	624		754		5,366		4,102		3,184		1,721		640		—		16,391
Non-Owner Occupied	$	635,232	$	522,998	$	237,075	$	229,304	$	236,347	$	189,077	$	52,456	$	11,112	$	2,113,601
Pass	624,289		514,030		237,075		184,673		218,106		175,702		52,456		11,112		2,017,443
Special Mention	9,105		—		—		39,007		4,688		10,788		—		—		63,588
Substandard	1,838		8,968		—		5,624		13,553		2,587		—		—		32,570
Land Development	$	36,872	$	21,278	$	8,048	$	3,279	$	4,887	$	3,098	$	6,976	$	—	$	84,438
Pass	34,719		21,278		6,925		3,210		3,274		3,098		6,976		—		79,480
Special Mention	—		—		1,123		69		46		—		—		—		1,238
Substandard	2,153		—		—		—		1,567		—		—		—		3,720
Installment loans to individuals	$	74	$	4	$	—	$	—	$	—	$	—	$	—	$	16	$	94
Pass	74		4		—		—		—		—		—		16		94
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,925,230	$	1,329,667	$	610,250	$	498,294	$	372,095	$	300,805	$	356,222	$	25,219	$	6,417,782
Pass	2,909,247		1,308,939		599,386		441,774		346,829		283,632		350,588		22,495		6,262,890
Special Mention	10,400		7,622		3,214		45,076		6,455		11,341		187		1,837		86,132
Substandard	5,583		13,106		7,650		11,444		18,811		5,832		5,447		887		68,760

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	15,099	$	16,477	$	11,460	$	7,023	$	4,389	$	11,052	$	36,398	$	305	$	102,203
Performing Loans	15,099		16,477		11,313		6,915		4,174		10,969		36,151		305		101,403
Non-Performing Loans	—		—		147		108		215		83		247		—		800
Lease Financing Receivables	$	14,387	$	25,526	$	19,722	$	9,276	$	3,046	$	2,046	$	—	$	—	$	74,003
Performing Loans	14,387		25,526		19,722		9,276		3,046		2,046		—		—		74,003
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	20,974	$	50,321	$	2,777	$	—	$	20	$	—	$	—	$	—	$	74,092
Residential	$	19,370	$	49,080	$	2,538	$	—	$	20	$	—	$	—	$	—	$	71,008
Performing Loans	19,370		49,080		2,538		—		20		—		—		—		71,008
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,604	$	1,241	$	239	$	—	$	—	$	—	$	—	$	—	$	3,084
Performing Loans	1,604		1,241		239		—		—		—		—		—		3,084
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	295,117	$	508,702	$	274,815	$	210,531	$	159,432	$	268,946	$	422,623	$	3,052	$	2,143,218
Primary	$	267,460	$	468,784	$	257,747	$	192,337	$	143,698	$	259,743	$	1,823	$	—	$	1,591,592
Performing Loans	267,460		468,317		255,346		188,569		142,013		257,432		1,812		—		1,580,949
Non-Performing Loans	—		467		2,401		3,768		1,685		2,311		11		—		10,643
Home Equity	$	342	$	—	$	124	$	364	$	—	$	614	$	417,798	$	2,556	$	421,798
Performing Loans	342		—		124		364		—		538		417,373		2,411		421,152
Non-Performing Loans	—		—		—		—		—		76		425		145		646
Rental/Investment	$	19,972	$	29,786	$	15,217	$	15,178	$	14,417	$	7,991	$	2,662	$	496	$	105,719
Performing Loans	19,834		29,786		15,143		15,178		14,340		7,826		2,662		496		105,265
Non-Performing Loans	138		—		74		—		77		165		—		—		454
Land Development	$	7,343	$	10,132	$	1,727	$	2,652	$	1,317	$	598	$	340	$	—	$	24,109
Performing Loans	7,343		10,132		1,727		2,650		1,234		494		340		—		23,920
Non-Performing Loans	—		—		—		2		83		104		—		—		189
Real Estate - Commercial Mortgage	$	49,654	$	73,344	$	61,707	$	45,145	$	38,791	$	31,790	$	9,536	$	443	$	310,410
Owner-Occupied	$	28,626	$	45,009	$	39,590	$	29,545	$	26,029	$	22,529	$	4,762	$	300	$	196,390
Performing Loans	28,626		45,009		39,113		29,545		25,871		22,225		4,762		300		195,451
Non-Performing Loans	—		—		477		—		158		304		—		—		939
Non-Owner Occupied	$	14,585	$	17,891	$	16,379	$	11,892	$	10,548	$	6,853	$	2,281	$	143	$	80,572
Performing Loans	14,585		17,891		16,379		11,892		10,548		6,806		2,281		143		80,525
Non-Performing Loans	—		—		—		—		—		47		—		—		47
Land Development	$	6,443	$	10,444	$	5,738	$	3,708	$	2,214	$	2,408	$	2,493	$	—	$	33,448
Performing Loans	6,443		10,439		5,738		3,666		2,214		2,264		2,493		—		33,257
Non-Performing Loans	—		5		—		42		—		144		—		—		191
Installment loans to individuals	$	23,111	$	31,025	$	31,744	$	10,187	$	2,875	$	2,372	$	9,770	$	45	$	111,129
Performing Loans	23,055		30,940		31,661		10,162		2,857		2,330		9,770		25		110,800
Non-Performing Loans	56		85		83		25		18		42		—		20		329
Total loans not subject to risk rating	$	418,342	$	705,395	$	402,225	$	282,162	$	208,553	$	316,206	$	478,327	$	3,845	$	2,815,055
Performing Loans	418,148		704,838		399,043		278,217		206,317		312,930		477,644		3,680		2,800,817
Non-Performing Loans	194		557		3,182		3,945		2,236		3,276		683		165		14,238

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	33,805	$	16,455	$	10,381	$	6,396	$	2,826	$	7,201	$	245,485	$	305	$	322,854
Performing Loans	33,794		16,343		10,340		6,026		2,748		7,181		245,059		305		321,796
Non-Performing Loans	11		112		41		370		78		20		426		—		1,058
Lease Financing Receivables	$	32,150	$	25,270	$	10,999	$	4,231	$	1,040	$	2,172	$	—	$	—	$	75,862
Performing Loans	32,150		25,270		10,999		4,231		992		2,172		—		—		75,814
Non-Performing Loans	—		—		—		—		48		—		—		—		48
Real Estate - Construction	$	54,918	$	10,334	$	295	$	153	$	—	$	—	$	343	$	—	$	66,043
Residential	$	53,108	$	9,393	$	295	$	153	$	—	$	—	$	343	$	—	$	63,292
Performing Loans	53,108		9,393		295		153		—		—		343		—		63,292
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,810	$	941	$	—	$	—	$	—	$	—	$	—	$	—	$	2,751
Performing Loans	1,810		941		—		—		—		—		—		—		2,751
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	517,553	$	344,643	$	261,735	$	196,777	$	105,216	$	212,214	$	426,437	$	3,694	$	2,068,269
Primary	$	470,034	$	321,155	$	239,542	$	176,926	$	92,195	$	207,721	$	1,758	$	45	$	1,509,376
Performing Loans	470,034		318,929		235,816		175,219		91,479		205,530		1,747		45		1,498,799
Non-Performing Loans	—		2,226		3,726		1,707		716		2,191		11		—		10,577
Home Equity	$	—	$	203	$	372	$	—	$	45	$	799	$	421,838	$	3,119	$	426,376
Performing Loans	—		203		372		—		45		684		421,516		2,642		425,462
Non-Performing Loans	—		—		—		—		—		115		322		477		914
Rental/Investment	$	34,079	$	20,499	$	18,319	$	17,758	$	11,907	$	3,356	$	2,330	$	530	$	108,778
Performing Loans	34,079		20,404		18,245		17,595		11,901		3,196		2,330		530		108,280
Non-Performing Loans	—		95		74		163		6		160		—		—		498
Land Development	$	13,440	$	2,786	$	3,502	$	2,093	$	1,069	$	338	$	511	$	—	$	23,739
Performing Loans	13,440		2,786		3,502		2,062		1,069		338		511		—		23,708
Non-Performing Loans	—		—		—		31		—		—		—		—		31
Real Estate - Commercial Mortgage	$	81,953	$	71,063	$	56,193	$	47,013	$	35,801	$	15,679	$	10,772	$	488	$	318,962
Owner-Occupied	$	48,814	$	44,606	$	36,661	$	30,266	$	23,974	$	11,608	$	5,919	$	289	$	202,137
Performing Loans	48,814		44,344		36,349		30,097		23,885		11,216		5,904		289		200,898
Non-Performing Loans	—		262		312		169		89		392		15		—		1,239
Non-Owner Occupied	$	20,483	$	18,585	$	14,544	$	13,821	$	8,068	$	3,491	$	1,999	$	147	$	81,138
Performing Loans	20,483		18,460		14,486		13,821		8,068		3,439		1,999		147		80,903
Non-Performing Loans	—		125		58		—		—		52		—		—		235
Land Development	$	12,656	$	7,872	$	4,988	$	2,926	$	3,759	$	580	$	2,854	$	52	$	35,687
Performing Loans	12,656		7,872		4,988		2,922		3,759		466		2,854		52		35,569
Non-Performing Loans	—		—		—		4		—		114		—		—		118
Installment loans to individuals	$	60,133	$	57,198	$	13,704	$	4,019	$	2,459	$	1,535	$	10,661	$	59	$	149,768
Performing Loans	60,081		57,119		13,611		3,986		2,407		1,535		10,661		21		149,421
Non-Performing Loans	52		79		93		33		52		—		—		38		347
Total loans not subject to risk rating	$	780,512	$	524,963	$	353,307	$	258,589	$	147,342	$	238,801	$	693,698	$	4,546	$	3,001,758
Performing Loans	780,449		522,064		349,003		256,112		146,353		235,757		692,924		4,031		2,986,693
Non-Performing Loans	63		2,899		4,304		2,477		989		3,044		774		515		15,065

Purchased Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 4, all references to “loans” mean purchased loans excluding loans held for sale.

The following is a summary of purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	124,725	$	176,513
Real estate – construction:
Residential	2,564		2,859
Commercial	10,182		28,093
Total real estate – construction	12,746		30,952
Real estate – 1-4 family mortgage:
Primary	166,535		214,770
Home equity	63,088		80,392
Rental/investment	25,944		31,928
Land development	10,950		14,654
Total real estate – 1-4 family mortgage	266,517		341,744
Real estate – commercial mortgage:
Owner-occupied	290,041		323,041
Non-owner occupied	492,917		552,728
Land development	23,902		29,454
Total real estate – commercial mortgage	806,860		905,223
Installment loans to individuals	45,850		59,675
Loans	$	1,256,698	$	1,514,107

Past Due and Nonaccrual Loans

The Company’s policies with respect to placing loans on nonaccrual status or charging off loans, and its accounting for interest on any such loans, are described above in Note 3, “Non Purchased Loans.”

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	376	$	—	$	113,802	$	114,178	$	1,293	$	1,698	$	7,556	$	10,547	$	124,725
Real estate – construction:
Residential	46		—		2,518		2,564		—		—		—		—		2,564
Commercial	—		—		10,182		10,182		—		—		—		—		10,182
Total real estate – construction	46		—		12,700		12,746		—		—		—		—		12,746
Real estate – 1-4 family mortgage:
Primary	1,530		37		160,292		161,859		625		1,958		2,093		4,676		166,535
Home equity	555		—		61,140		61,695		36		680		677		1,393		63,088
Rental/investment	104		—		25,730		25,834		41		56		13		110		25,944
Land development	100		—		10,838		10,938		—		—		12		12		10,950
Total real estate – 1-4 family mortgage	2,289		37		258,000		260,326		702		2,694		2,795		6,191		266,517
Real estate – commercial mortgage:
Owner-occupied	60		—		287,642		287,702		89		654		1,596		2,339		290,041
Non-owner occupied	—		845		484,120		484,965		—		—		7,952		7,952		492,917
Land development	86		55		23,481		23,622		—		138		142		280		23,902
Total real estate – commercial mortgage	146		900		795,243		796,289		89		792		9,690		10,571		806,860
Installment loans to individuals	926		8		44,535		45,469		12		148		221		381		45,850
Loans, net of unearned income	$	3,783	$	945	$	1,224,280	$	1,229,008	$	2,096	$	5,332	$	20,262	$	27,690	$	1,256,698

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	818	$	101	$	163,658	$	164,577	$	74	$	2,024	$	9,838	$	11,936	$	176,513
Real estate – construction:
Residential	—		—		2,859		2,859		—		—		—		—		2,859
Commercial	—		—		28,093		28,093		—		—		—		—		28,093
Total real estate – construction	—		—		30,952		30,952		—		—		—		—		30,952
Real estate – 1-4 family mortgage:
Primary	2,394		74		206,635		209,103		687		2,799		2,181		5,667		214,770
Home equity	294		43		78,739		79,076		4		674		638		1,316		80,392
Rental/investment	180		14		30,931		31,125		—		724		79		803		31,928
Land development	109		—		14,231		14,340		—		—		314		314		14,654
Total real estate – 1-4 family mortgage	2,977		131		330,536		333,644		691		4,197		3,212		8,100		341,744
Real estate – commercial mortgage:
Owner-occupied	2,511		—		317,997		320,508		193		447		1,893		2,533		323,041
Non-owner occupied	207		—		544,694		544,901		7,682		—		145		7,827		552,728
Land development	112		—		28,962		29,074		—		164		216		380		29,454
Total real estate – commercial mortgage	2,830		—		891,653		894,483		7,875		611		2,254		10,740		905,223
Installment loans to individuals	2,026		35		57,339		59,400		31		136		108		275		59,675
Loans, net of unearned income	$	8,651	$	267	$	1,474,138	$	1,483,056	$	8,671	$	6,968	$	15,412	$	31,051	$	1,514,107

There was one restructured loan in the aggregate amount of $37 contractually 90 days past due or more and still accruing at June 30, 2021 and three restructured loans in the aggregate amount of $207 contractually 90 days past due or more and still accruing at June 30, 2020. The outstanding balance of restructured loans on nonaccrual status was $18,279 and $7,851 at June 30, 2021 and June 30, 2020, respectively.

Restructured Loans

An explanation of what constitutes a “restructured loan,” and management’s analysis in determining whether to restructure a loan, are described above in Note 3, “Non Purchased Loans.”

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Real estate – 1-4 family mortgage:
Primary	1	862		862
Three months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	1	$	66	$	68
Home equity	1	159		162
Total real estate – 1-4 family mortgage	2	225		230
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	6	$	1,890	$	1,893

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	1	$	135	$	135
Real estate – 1-4 family mortgage:
Primary	1	862		862
Total	2	$	997	$	997
Six months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	2	290		183
Home equity	1	159		162
Total real estate – 1-4 family mortgage	3	449		345
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	7	$	2,114	$	2,008

With respect to loans that were restructured during the six months ended June 30, 2021 and June 30, 2020, none have subsequently defaulted and remain outstanding as of the date of this report.

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	48	$	8,687
Additional advances or loans with concessions	2	1,236
Reductions due to:
Reclassified to nonperforming loans	(3)	(2,470)
Paid in full	(4)	(1,222)
Charge-offs	(1)	(205)
Principal paydowns	—	(154)
Totals at June 30, 2021	42	$	5,872

The allowance for credit losses attributable to restructured loans was $127 and $302 at June 30, 2021 and June 30, 2020, respectively. The Company had $1 and $242 in remaining availability under commitments to lend additional funds on these restructured loans at June 30, 2021 and June 30, 2020, respectively.

As discussed in Note 3, “Non Purchased Loans,” the Company implemented a loan deferral program in response to the COVID-19 pandemic. As of June 30, 2021, the Company had 33 loans with total balances of approximately $2,300 remaining on deferral. Under the applicable guidance, none of these loans were considered “restructured loans.”

Credit Quality

A discussion of the Company’s policies regarding internal risk-rating of loans is discussed above in Note 3, “Non Purchased Loans.” The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	679	$	18,481	$	16,855	$	30,643	$	47,497	$	1,879	$	116,034
Pass	—		—		679		16,261		11,563		23,206		42,942		412		95,063
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		2,220		5,292		7,437		4,555		1,467		20,971
Real Estate - Construction	$	—	$	—	$	—	$	1,005	$	452	$	10,867	$	—	$	—	$	12,324
Residential	$	—	$	—	$	—	$	1,005	$	452	$	685	$	—	$	—	$	2,142
Pass	—		—		—		1,005		452		685		—		—		2,142
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	10,182	$	—	$	—	$	10,182
Pass	—		—		—		—		—		10,182		—		—		10,182
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	11,373	$	4,555	$	30,598	$	888	$	226	$	47,640
Primary	$	—	$	—	$	—	$	4,239	$	2,600	$	13,586	$	—	$	—	$	20,425
Pass	—		—		—		4,239		2,514		9,567		—		—		16,320
Special Mention	—		—		—		—		—		1,014		—		—		1,014
Substandard	—		—		—		—		86		3,005		—		—		3,091
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	651	$	226	$	877
Pass	—		—		—		—		—		—		162		—		162
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		489		226		715
Rental/Investment	$	—	$	—	$	—	$	—	$	1,841	$	14,415	$	237	$	—	$	16,493
Pass	—		—		—		—		1,841		13,564		87		—		15,492
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		851		150		—		1,001
Land Development	$	—	$	—	$	—	$	7,134	$	114	$	2,597	$	—	$	—	$	9,845
Pass	—		—		—		7,134		87		1,184		—		—		8,405
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		27		1,413		—		—		1,440

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	57,113	$	159,064	$	528,632	$	9,749	$	14,559	$	769,117
Owner-Occupied	$	—	$	—	$	—	$	14,682	$	33,181	$	217,414	$	3,174	$	2	$	268,453
Pass	—		—		—		14,682		29,288		193,496		3,166		—		240,632
Special Mention	—		—		—		—		1,582		1,971		—		—		3,553
Substandard	—		—		—		—		2,311		21,947		8		2		24,268
Non-Owner Occupied	$	—	$	—	$	—	$	40,506	$	122,120	$	297,530	$	6,380	$	14,557	$	481,093
Pass	—		—		—		24,133		114,441		254,147		6,380		—		399,101
Special Mention	—		—		—		—		—		10,570		—		—		10,570
Substandard	—		—		—		16,373		7,679		32,813		—		14,557		71,422
Land Development	$	—	$	—	$	—	$	1,925	$	3,763	$	13,688	$	195	$	—	$	19,571
Pass	—		—		—		1,925		3,763		7,522		195		—		13,405
Special Mention	—		—		—		—		—		5,253		—		—		5,253
Substandard	—		—		—		—		—		913		—		—		913
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	679	$	87,972	$	180,926	$	600,740	$	58,134	$	16,664	$	945,115
Pass	—		—		679		69,379		163,949		513,553		52,932		412		800,904
Special Mention	—		—		—		—		1,582		18,808		—		—		20,390
Substandard	—		—		—		18,593		15,395		68,379		5,202		16,252		123,821

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	711	$	28,242	$	27,222	$	22,377	$	20,759	$	64,563	$	1,788	$	165,662
Pass	—		711		24,211		20,930		17,240		16,880		56,736		409		137,117
Special Mention	—		—		357		97		104		—		—		—		558
Substandard	—		—		3,674		6,195		5,033		3,879		7,827		1,379		27,987
Real Estate - Construction	$	—	$	—	$	10,522	$	9,228	$	10,781	$	—	$	—	$	—	$	30,531
Residential	$	—	$	—	$	1,543	$	211	$	684	$	—	$	—	$	—	$	2,438
Pass	—		—		1,543		211		684		—		—		—		2,438
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	8,979	$	9,017	$	10,097	$	—	$	—	$	—	$	28,093
Pass	—		—		8,979		9,017		10,097		—		—		—		28,093
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	14,022	$	7,126	$	1,112	$	38,747	$	957	$	253	$	62,217
Primary	$	—	$	—	$	6,873	$	3,212	$	595	$	17,223	$	249	$	—	$	28,152
Pass	—		—		5,556		3,212		594		12,665		249		—		22,276
Special Mention	—		—		—		—		—		1,120		—		—		1,120
Substandard	—		—		1,317		—		1		3,438		—		—		4,756
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	697	$	253	$	950
Pass	—		—		—		—		—		—		59		—		59
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		638		253		891
Rental/Investment	$	—	$	—	$	—	$	1,883	$	232	$	18,275	$	9	$	—	$	20,399
Pass	—		—		—		1,883		232		16,139		9		—		18,263
Special Mention	—		—		—		—		—		44		—		—		44
Substandard	—		—		—		—		—		2,092		—		—		2,092
Land Development	$	—	$	—	$	7,149	$	2,031	$	285	$	3,249	$	2	$	—	$	12,716
Pass	—		—		7,149		2,009		285		1,793		2		—		11,238
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		22		—		1,456		—		—		1,478
Real Estate - Commercial Mortgage	$	—	$	—	$	76,557	$	153,960	$	171,487	$	435,073	$	22,631	$	4,688	$	864,396
Owner-Occupied	$	—	$	—	$	15,001	$	32,567	$	61,568	$	181,007	$	9,723	$	2	$	299,868
Pass	—		—		15,001		29,276		43,962		161,790		5,808		—		255,837
Special Mention	—		—		—		—		9,670		—		—		—		9,670
Substandard	—		—		—		3,291		7,936		19,217		3,915		2		34,361
Non-Owner Occupied	$	—	$	—	$	55,962	$	117,592	$	107,004	$	242,249	$	12,720	$	4,686	$	540,213
Pass	—		—		37,002		109,910		83,738		221,423		6,431		—		458,504
Special Mention	—		—		2,591		—		5,302		2,622		—		—		10,515
Substandard	—		—		16,369		7,682		17,964		18,204		6,289		4,686		71,194
Land Development	$	—	$	—	$	5,594	$	3,801	$	2,915	$	11,817	$	188	$	—	$	24,315
Pass	—		—		5,594		3,801		2,780		4,962		188		—		17,325
Special Mention	—		—		—		—		—		5,438		—		—		5,438
Substandard	—		—		—		—		135		1,417		—		—		1,552
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	711	$	129,343	$	197,536	$	205,757	$	494,579	$	88,151	$	6,729	$	1,122,806
Pass	—		711		105,035		180,249		159,612		435,652		69,482		409		951,150
Special Mention	—		—		2,948		97		15,076		9,224		—		—		27,345
Substandard	—		—		21,360		17,190		31,069		49,703		18,669		6,320		144,311

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	383	$	337	$	2,727	$	5,021	$	223	$	8,691
Performing Loans	—		—		—		383		337		2,727		5,001		223		8,671
Non-Performing Loans	—		—		—		—		—		—		20		—		20
Real Estate - Construction	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Residential	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Performing Loans	—		—		—		422		—		—		—		—		422
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	363	$	2,233	$	26,840	$	131,914	$	55,416	$	2,111	$	218,877
Primary	$	—	$	—	$	243	$	1,684	$	24,349	$	119,577	$	166	$	91	$	146,110
Performing Loans	—		—		243		1,574		23,741		115,772		166		22		141,518
Non-Performing Loans	—		—		—		110		608		3,805		—		69		4,592
Home Equity	$	—	$	—	$	—	$	549	$	2,295	$	2,109	$	55,238	$	2,020	$	62,211
Performing Loans	—		—		—		549		2,295		2,031		54,552		1,618		61,045
Non-Performing Loans	—		—		—		—		—		78		686		402		1,166
Rental/Investment	$	—	$	—	$	120	$	—	$	124	$	9,195	$	12	$	—	$	9,451
Performing Loans	—		—		120		—		124		9,112		12		—		9,368
Non-Performing Loans	—		—		—		—		—		83		—		—		83
Land Development	$	—	$	—	$	—	$	—	$	72	$	1,033	$	—	$	—	$	1,105
Performing Loans	—		—		—		—		72		1,033		—		—		1,105
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	331	$	1,199	$	1,112	$	33,778	$	1,323	$	—	$	37,743
Owner-Occupied	$	—	$	—	$	—	$	644	$	589	$	19,562	$	793	$	—	$	21,588
Performing Loans	—		—		—		644		589		19,301		793		—		21,327
Non-Performing Loans	—		—		—		—		—		261		—		—		261
Non-Owner Occupied	$	—	$	—	$	331	$	404	$	138	$	10,536	$	415	$	—	$	11,824
Performing Loans	—		—		331		404		—		10,409		415		—		11,559
Non-Performing Loans	—		—		—		—		138		127		—		—		265
Land Development	$	—	$	—	$	—	$	151	$	385	$	3,680	$	115	$	—	$	4,331
Performing Loans	—		—		—		151		385		3,625		115		—		4,276
Non-Performing Loans	—		—		—		—		—		55		—		—		55
Installment loans to individuals	$	—	$	—	$	—	$	26,952	$	12,424	$	4,625	$	1,785	$	64	$	45,850
Performing Loans	—		—		—		26,908		12,370		4,367		1,785		32		45,462
Non-Performing Loans	—		—		—		44		54		258		—		32		388
Total loans not subject to risk rating	$	—	$	—	$	694	$	31,189	$	40,713	$	173,044	$	63,545	$	2,398	$	311,583
Performing Loans	—		—		694		31,035		39,913		168,377		62,839		1,895		304,753
Non-Performing Loans	—		—		—		154		800		4,667		706		503		6,830

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	—	$	445	$	349	$	303	$	2,899	$	6,809	$	46	$	10,851
Performing Loans	—		—		445		349		303		2,899		6,784		46		10,826
Non-Performing Loans	—		—		—		—		—		—		25		—		25
Real Estate - Construction	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Residential	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Performing Loans	—		—		421		—		—		—		—		—		421
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	371	$	3,082	$	33,674	$	28,169	$	140,689	$	70,870	$	2,672	$	279,527
Primary	$	—	$	248	$	1,953	$	30,078	$	25,956	$	127,642	$	630	$	111	$	186,618
Performing Loans	—		248		1,842		29,321		25,935		122,970		630		25		180,971
Non-Performing Loans	—		—		111		757		21		4,672		—		86		5,647
Home Equity	$	—	$	—	$	742	$	3,324	$	1,668	$	1,027	$	70,120	$	2,561	$	79,442
Performing Loans	—		—		742		3,324		1,668		960		69,518		2,124		78,336
Non-Performing Loans	—		—		—		—		—		67		602		437		1,106
Rental/Investment	$	—	$	123	$	—	$	200	$	193	$	10,893	$	120	$	—	$	11,529
Performing Loans	—		123		—		200		193		10,800		120		—		11,436
Non-Performing Loans	—		—		—		—		—		93		—		—		93
Land Development	$	—	$	—	$	387	$	72	$	352	$	1,127	$	—	$	—	$	1,938
Performing Loans	—		—		387		30		117		1,127		—		—		1,661
Non-Performing Loans	—		—		—		42		235		—		—		—		277
Real Estate - Commercial Mortgage	$	—	$	337	$	597	$	1,063	$	982	$	35,946	$	1,902	$	—	$	40,827
Owner-Occupied	$	—	$	—	$	—	$	625	$	660	$	20,531	$	1,357	$	—	$	23,173
Performing Loans	—		—		—		625		660		20,253		1,357		—		22,895
Non-Performing Loans	—		—		—		—		—		278		—		—		278
Non-Owner Occupied	$	—	$	337	$	443	$	49	$	66	$	11,467	$	153	$	—	$	12,515
Performing Loans	—		337		443		49		66		11,331		153		—		12,379
Non-Performing Loans	—		—		—		—		—		136		—		—		136
Land Development	$	—	$	—	$	154	$	389	$	256	$	3,948	$	392	$	—	$	5,139
Performing Loans	—		—		154		389		256		3,890		392		—		5,081
Non-Performing Loans	—		—		—		—		—		58		—		—		58
Installment loans to individuals	$	—	$	—	$	34,976	$	15,497	$	1,118	$	4,348	$	3,676	$	60	$	59,675
Performing Loans	—		—		34,942		15,405		1,051		4,262		3,676		29		59,365
Non-Performing Loans	—		—		34		92		67		86		—		31		310
Total loans not subject to risk rating	$	—	$	708	$	39,521	$	50,583	$	30,572	$	183,882	$	83,257	$	2,778	$	391,301
Performing Loans	—		708		39,376		49,692		30,249		178,492		82,630		2,224		383,371
Non-Performing Loans	—		—		145		891		323		5,390		627		554		7,930

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Allowance for Credit Losses

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Allowance for Credit Losses

Allowance for Credit Losses

(In Thousands)

The following is a summary of total non purchased and purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	1,634,633	$	2,536,984
Lease financing	78,028		80,022
Real estate – construction:
Residential	277,163		246,673
Commercial	774,196		611,431
Total real estate – construction	1,051,359		858,104
Real estate – 1-4 family mortgage:
Primary	1,790,522		1,750,951
Home equity	489,933		513,160
Rental/investment	297,341		296,364
Land development	124,295		137,833
Total real estate – 1-4 family mortgage	2,702,091		2,698,308
Real estate – commercial mortgage:
Owner-occupied	1,663,191		1,657,806
Non-owner occupied	2,742,029		2,747,467
Land development	124,949		149,579
Total real estate – commercial mortgage	4,530,169		4,554,852
Installment loans to individuals	156,987		209,537
Gross loans	10,153,267		10,937,807
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	10,149,242		10,933,647
Allowance for credit losses on loans	(172,354)		(176,144)
Net loans	$	9,976,888	$	10,757,503

Allowance for Credit Losses on Loans

The allowance for credit losses is an estimate of expected losses inherent within the Company’s loans held for investment portfolio and is maintained at a level believed adequate by management to absorb credit losses inherent in the entire loan portfolio. Management evaluates the adequacy of the allowance for credit losses on a quarterly basis. Expected credit loss inherent in non-cancellable off-balance-sheet credit exposures is accounted for as a separate liability in the Consolidated Balance Sheets. The allowance for credit losses on loans held for investment, as reported in the Company’s Consolidated Balance Sheets, is adjusted by a provision for credit losses, which is reported in earnings, and reduced by net charge-offs. Loan losses are charged against the allowance for credit losses when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

The Company has made an accounting policy election to exclude accrued interest from the measurement of the allowance for credit losses in the Company’s loan portfolio. As of June 30, 2021 and December 31, 2020, the Company had accrued interest receivable for loans of $48,774 and $56,459, respectively, which is recorded in the “Other assets” line item on the Consolidated Balance Sheets. Although the Company made the election to exclude accrued interest from the measurement of the allowance for credit losses, the Company did have an allowance for credit losses on interest deferred as part of the loan deferral program of $1,367 and $1,500, respectively, as of June 30, 2021 and December 31, 2020. The decrease in the balance during the first half of 2021 is due to the charge-off of deferred interest balances.

The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented:

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended June 30, 2021
Allowance for credit losses:
Beginning balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Charge-offs	(1,184)		—		(152)		(171)		—		(1,347)		(2,854)
Recoveries	233		—		401		143		14		1,311		2,102
Net (charge-offs) recoveries	(951)		—		249		(28)		14		(36)		(752)
Provision for credit losses on loans	353		752		(640)		(1,304)		(49)		888		—
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Six Months Ended June 30, 2021
Allowance for credit losses:
Beginning balance	$	39,031	$	16,047	$	32,165	$	76,127	$	1,624	$	11,150	$	176,144
Charge-offs	(4,682)		(52)		(253)		(232)		—		(3,005)		(8,224)
Recoveries	522		13		662		314		25		2,898		4,434
Net (charge-offs) recoveries	(4,160)		(39)		409		82		25		(107)		(3,790)
Provision for credit losses on loans	2,123		(279)		(1,271)		(1,316)		(138)		881		—
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Period-End Amount Allocated to:
Individually evaluated	$	9,121	$	—	$	228	$	4,207	$	—	$	612	$	14,168
Collectively evaluated	27,873		15,729		31,075		70,686		1,511		11,312		158,186
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Loans:
Individually evaluated	$	14,409	$	—	$	5,017	$	20,810	$	—	$	636	$	40,872
Collectively evaluated	1,620,224		1,051,359		2,697,074		4,509,359		74,003		156,351		10,108,370
Ending balance	$	1,634,633	$	1,051,359	$	2,702,091	$	4,530,169	$	74,003	$	156,987	$	10,149,242
Nonaccruing loans with no allowance for credit losses	$	2,826	$	—	$	2,841	$	4,953	$	—	$	10	$	10,630

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance	$	25,937	$	10,924	$	27,320	$	44,237	$	1,588	$	10,179	$	120,185
Charge-offs	(1,156)		(532)		(142)		—		—		(1,736)		(3,566)
Recoveries	108		—		48		41		5		1,666		1,868
Net (charge-offs) recoveries	(1,048)		(532)		(94)		41		5		(70)		(1,698)
Provision for credit losses on loans	5,796		2,146		2,175		15,783		219		781		26,900
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Six Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance	$	10,658	$	5,029	$	9,814	$	24,990	$	910	$	761	$	52,162
Impact of the adoption of ASC 326	11,351		3,505		14,314		4,293		521		8,500		42,484
Charge-offs	(1,549)		(532)		(363)		(2,047)		—		(4,424)		(8,915)
Recoveries	298		—		136		1,740		10		4,222		6,406
Net (charge-offs) recoveries	(1,251)		(532)		(227)		(307)		10		(202)		(2,509)
Provision for credit losses on loans	9,927		4,536		5,500		31,085		371		1,831		53,250
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Period-End Amount Allocated to:
Individually evaluated	$	3,882	$	—	$	378	$	550	$	—	$	270	$	5,080
Collectively evaluated	26,803		12,538		29,023		59,511		1,812		10,620		140,307
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Loans:
Individually evaluated	$	9,736	$	—	$	5,142	$	7,883	$	—	$	626	$	23,387
Collectively evaluated	2,631,862		791,108		2,783,371		4,402,870		80,779		283,927		10,973,917
Ending balance	$	2,641,598	$	791,108	$	2,788,513	$	4,410,753	$	80,779	$	284,553	$	10,997,304
Nonaccruing loans with no allowance for credit losses	$	720	$	—	$	2,503	$	3,910	$	—	$	2	$	7,135

The Company did not record a provision for credit losses during the second quarter or first half of 2021, as compared to a provision for credit losses on loans of $26,900 in the second quarter of 2020 and $53,250 in the first half of 2020. The Company’s allowance for credit loss model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. Based on the continual improvements in these forecasts over the last few quarters, the Company determined that additional provisioning during the second quarter of 2021 was not necessary.

Allowance for Credit Losses on Unfunded Loan Commitments

The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses on unfunded loan commitments, please refer to the discussion in

Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

The following tables provide a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.

Three Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	14,735
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		2,600
Ending balance	$	20,535	$	17,335
Six Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	946
Impact of the adoption of ASC 326	—		10,389
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		6,000
Ending balance	$	20,535	$	17,335

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Other Real Estate Owned

6 Months Ended

Jun. 30, 2021

Real Estate [Abstract]

Other Real Estate Owned

Other Real Estate Owned

(In Thousands)

The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of

valuation allowances and direct write-downs, as of the dates presented:

	Purchased OREO		Non Purchased OREO		Total OREO
June 30, 2021
Residential real estate	$	197	$	64	$	261
Commercial real estate	1,048		1,548		2,596
Residential land development	337		4		341
Commercial land development	1,682		59		1,741
Total	$	3,264	$	1,675	$	4,939
December 31, 2020
Residential real estate	$	72	$	107	$	179
Commercial real estate	1,741		924		2,665
Residential land development	337		676		1,013
Commercial land development	1,777		338		2,115
Total	$	3,927	$	2,045	$	5,972

Changes in the Company’s purchased and non purchased OREO were as follows:

	Purchased OREO		Non Purchased OREO		Total OREO
Balance at January 1, 2021	$	3,927	$	2,045	$	5,972
Transfers of loans	967		1,536		2,503
Impairments	(47)		(70)		(117)
Dispositions	(1,492)		(1,836)		(3,328)
Other	(91)		—		(91)
Balance at June 30, 2021	$	3,264	$	1,675	$	4,939

At June 30, 2021 and December 31, 2020, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $58 and $1,308, respectively.

Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Repairs and maintenance	$	22	$	85	$	42	$	170
Property taxes and insurance	37		16		48		149
Impairments	47		630		117		827
Net losses (gains) on OREO sales	6		(101)		(50)		(89)
Rental income	(8)		(10)		(12)		(19)
Total	$	104	$	620	$	145	$	1,038

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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

(In Thousands)

The carrying amounts of goodwill by operating segments for the six months ended June 30, 2021 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2021	$	936,916	$	2,767	$	939,683
Additions to goodwill and other adjustments	—		—		—
Balance at June 30, 2021	$	936,916	$	2,767	$	939,683

The following table provides a summary of finite-lived intangible assets as of the dates presented:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
June 30, 2021
Core deposit intangibles	$	82,492	$	(56,584)	$	25,908
Customer relationship intangible	2,470		(1,375)		1,095
Total finite-lived intangible assets	$	84,962	$	(57,959)	$	27,003
December 31, 2020
Core deposit intangibles	$	82,492	$	(53,539)	$	28,953
Customer relationship intangible	2,470		(1,284)		1,186
Total finite-lived intangible assets	$	84,962	$	(54,823)	$	30,139

Current year amortization expense for finite-lived intangible assets is presented in the table below.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Amortization expense for:
Core deposit intangibles	$	1,494	$	1,789	$	3,046	$	3,639
Customer relationship intangible	45		45		91		90
Total intangible amortization	$	1,539	$	1,834	$	3,137	$	3,729

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2021 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2021	$	5,860	$	181	$	6,041
2022	4,940		181		5,121
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,103		181		3,284

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Mortgage Servicing Rights

6 Months Ended

Jun. 30, 2021

Transfers and Servicing [Abstract]

Mortgage Servicing Rights

Mortgage Servicing Rights

(In Thousands)

The Company retains the right to service certain mortgage loans that it sells to secondary market investors. These mortgage servicing rights (“MSRs”) are recognized as a separate asset on the date the corresponding mortgage loan is sold. MSRs are amortized in proportion to and over the period of estimated net servicing income. These servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions, including expected cash flows, prepayment speeds, market discount rates, servicing costs, and other factors, and is subject to significant fluctuation as a result of actual prepayment speeds, default rates and losses differing from estimates thereof. For example, a decline in mortgage interest rates or an increase in actual prepayment speeds may cause negative adjustments to the valuation of the Company’s MSRs.

Servicing rights are evaluated for impairment (or reversals of prior impairments) quarterly based upon the fair value of the rights as compared to the carrying amount. Impairment is recognized through a valuation allowance in the amount that unamortized cost exceeds fair value. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the valuation allowance may be recorded as an increase to income. Changes in valuation allowances related to servicing rights are reported in “Mortgage banking income” on the Consolidated Statements of Income.

There was a positive valuation adjustment of $13,561 during the six months ended June 30, 2021 on MSRs. This positive adjustment primarily arose from an increase in mortgage interest rates and a corresponding decrease in actual prepayment speeds. During the six months ended June 30, 2020 there was a negative valuation adjustment of $14,522 which was caused by a difference between actual prepayment speeds and the Company’s assumptions with respect to prepayment speeds.

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2021	$	62,994
Capitalization	19,922
Amortization	(11,565)
Valuation adjustment	13,561
Balance at June 30, 2021	$	84,912

Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented:

	June 30, 2021			December 31, 2020
Unpaid principal balance	$	8,364,217		$	7,322,671
Weighted-average prepayment speed (CPR)	12.07		%	15.05		%
Estimated impact of a 10% increase	$	(4,177)		$	(4,001)
Estimated impact of a 20% increase	(8,080)			(7,674)
Discount rate	9.81		%	9.86		%
Estimated impact of a 10% increase	$	(3,212)		$	(2,144)
Estimated impact of a 20% increase	(6,198)			(4,144)
Weighted-average coupon interest rate	3.38		%	3.58		%
Weighted-average servicing fee (basis points)	30.28			29.94
Weighted-average remaining maturity (in years)	6.09			5.14

The Company recorded servicing fees of $4,616 and $2,990 for the three months ended June 30, 2021 and 2020, respectively, and servicing fees of $8,687 and $5,612 for the six months ended June 30, 2021 and 2020, respectively, all of which are included in “Mortgage banking income” in the Consolidated Statements of Income.

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Employee Benefit and Deferred Compensation Plans

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Employee Benefit and Deferred Compensation Plans

Employee Benefit and Deferred Compensation Plans

(In Thousands, Except Share Data)

Pension and Post-retirement Medical Plans

The Company sponsors a noncontributory defined benefit pension plan, under which participation and benefit accruals ceased as of December 31, 1996, and it provides retiree medical benefits, consisting of the opportunity to purchase coverage at subsidized rates under the Company’s group medical plan.

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
	June 30,				June 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	1	$	1
Interest cost	175		250		3		2
Expected return on plan assets	(441)		(413)		—		—
Recognized actuarial loss (gain)	78		96		(2)		(27)
Net periodic (return) benefit cost	$	(188)	$	(67)	$	2	$	(24)

	Pension Benefits				Other Benefits
	Six Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	2	$	3
Interest cost	341		492		7		7
Expected return on plan assets	(884)		(826)		—		—
Recognized actuarial loss (gain)	132		175		(2)		(45)
Net periodic (return) benefit cost	$	(411)	$	(159)	$	7	$	(35)

Incentive Compensation Plans

The Company maintains a long-term equity compensation plan that provides for the grant of stock options and the award of restricted stock. There were no stock options granted, nor compensation expense associated with options recorded, during the six months ended June 30, 2021 or 2020.

The following table summarizes information about options outstanding, exercised and forfeited as of and for the six months ended June 30, 2021:

	Shares	Weighted Average Exercise Price
Options outstanding at beginning of period	10,500	$	14.96
Granted	—	—
Exercised	(5,000)	14.96
Forfeited	—	—
Options outstanding at end of period	5,500	$	14.96

The Company also awards performance-based restricted stock to executives and other officers and employees and time-based restricted stock to non-employee directors, executives, and other officers and employees.

The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2021:

	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	132,827	$	32.88	548,416	$	34.15
Awarded	78,230	34.02		250,483	37.24
Vested	—	—		(126,121)	37.20
Cancelled	—	—		(53,007)	37.67
Nonvested at end of period	211,057	$	33.30	619,771	$	34.48

During the six months ended June 30, 2021, the Company reissued 126,147 shares from treasury in connection with the exercise of stock options and awards of restricted stock. The Company recorded total stock-based compensation expense of $2,385 and $2,998 for the three months ended June 30, 2021 and 2020, respectively and $5,141 and $5,748 for the six months ended June 30, 2021 and 2020, respectively.

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Derivative Instruments

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Derivative Instruments

(In Thousands)

The Company uses certain derivative instruments to meet the needs of customers as well as to manage the interest rate risk associated with certain transactions.

Non-hedge derivatives

The Company enters into derivative instruments that are not designated as hedging instruments to help its commercial customers manage their exposure to interest rate fluctuations. To mitigate the interest rate risk associated with these customer contracts, the Company enters into an offsetting derivative contract position. The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures.

The Company enters into interest rate lock commitments with its customers to mitigate the interest rate risk associated with the commitments to fund fixed-rate residential mortgage loans. The Company also enters into forward commitments to sell residential mortgage loans to secondary market investors.

The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate contracts	Other Assets	$	204,113	$	6,450	$	222,933	$	9,884
Interest rate lock commitments	Other Assets	517,860		10,448		589,701		19,824
Forward commitments	Other Assets	73,000		68		—		—
Totals		$	794,973	$	16,966	$	812,634	$	29,708
Derivative liabilities:
Interest rate contracts	Other Liabilities	$	204,113	$	6,450	$	222,933	$	9,884
Interest rate lock commitments	Other Liabilities	10,908		28		—		—
Forward commitments	Other Liabilities	723,000		1,878		716,000		5,090
Totals		$	938,021	$	8,356	$	938,933	$	14,974

Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Interest rate contracts:
Included in interest income on loans	$	836	$	523	$	1,206	$	1,259
Interest rate lock commitments:
Included in mortgage banking income	(1,082)		2,924		(9,404)		24,745
Forward commitments
Included in mortgage banking income	(15,523)		11,321		3,280		(4,149)
Total	$	(15,769)	$	14,768	$	(4,918)	$	21,855

Derivatives designated as cash flow hedges

Cash flow hedge relationships mitigate exposure to the variability of future cash flow or other forecasted transactions. The Company uses interest rate swap contracts in an effort to manage future interest rate exposure on borrowings. The hedging strategy converts the LIBOR-based variable interest rate on the forecasted borrowings to a fixed interest rate. As of June 30, 2021, the Company is hedging its exposure to the variability of future cash flows through 2030 and a portion of these hedges are forward starting.

The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate swaps	Other Assets	$	200,000	$	10,504	$	175,000	$	3,866
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	62,000	$	4,062	$	87,000	$	5,924

Changes in fair value of the cash flow hedges are, to the extent that the hedging relationship is effective, recorded as other comprehensive income and are subsequently recognized in earnings at the same time that the hedged item is recognized in earnings. The ineffective portions of the changes in fair value of the hedging instruments are immediately recognized in earnings. The assessment of the effectiveness of the hedging relationship is evaluated under the hypothetical derivative method. There were no ineffective portions for the six months ended June 30, 2021 or 2020. The impact on other comprehensive income for the six months ended June 30, 2021 and 2020 is discussed in Note 13, “Other Comprehensive Income (Loss).”

Derivatives designated as fair value hedges

Fair value hedges protect against changes in the fair value of an asset, liability, or firm commitment. The Company enters into interest rate swap agreements to manage interest rate exposure on certain of the Company’s fixed-rate subordinated notes. The agreements convert the fixed interest rates to LIBOR-based variable interest rates.

The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	100,000	$	4,386	$	100,000	$	209

The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented:

		Amount of Gain (Loss) Recognized in Income
	Income Statement	Three Months Ended June 30,				Six Months Ended June 30,
	Location	2021		2020		2021		2020
Derivative liabilities:
Interest rate swaps - subordinated notes	Interest Expense	$	3,264	$	—	$	(4,177)	$	—
Derivative liabilities - hedged items:
Interest rate swaps - subordinated notes	Interest Expense	$	(3,264)	$	—	$	4,177	$	—

The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented:

	Carrying Amount of the Hedged Liability				Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability
Balance Sheet Location	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Long-term debt	$	94,024	$	98,114	$	4,386	$	209

Offsetting

Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when the “right of offset” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to determine a net receivable or net payable upon early termination of the agreement. Certain of the Company’s derivative instruments are subject to master netting agreements; however, the Company has not elected to offset such financial instruments in the Consolidated Balance Sheets. The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Gross amounts recognized	$	10,643	$	3,866	$	16,705	$	21,107
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	10,643		3,866		16,705		21,107
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	5,987		3,866		5,987		3,866
Financial collateral pledged	—		—		9,092		14,042
Net amounts	$	4,656	$	—	$	1,626	$	3,199

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Income Taxes

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

(In Thousands)

The following table is a summary of the Company’s temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities and their approximate tax effects as of the dates presented.

	June 30,		December 31,
	2021		2020
Deferred tax assets
Allowance for credit losses	$	53,316	$	53,597
Loans	4,123		5,526
Deferred compensation	12,280		13,114
Investment in partnerships	114		—
Impairment of assets	655		1,067
Net operating loss carryforwards	1,477		1,857
Lease liabilities under operating leases	16,804		17,732
Other	4,043		3,539
Total deferred tax assets	92,812		96,432
Deferred tax liabilities
Net unrealized gains on securities	6,501		8,434
Investment in partnerships	—		793
Fixed assets	1,942		3,285
Mortgage servicing rights	20,211		14,623
Junior subordinated debt	2,200		2,245
Intangibles	3,524		3,882
Lease right-of-use asset	15,907		16,833
Other	903		1,672
Total deferred tax liabilities	51,188		51,767
Net deferred tax assets	$	41,624	$	44,665

For the six months ended June 30, 2021 and 2020, the Company recorded a provision for income taxes totaling $24,387 and $5,410, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences. During the second quarter of 2021 the Company recognized a one-time state tax credit investment of $3,460 which reduced income taxes as a discrete item. The effective tax rate, excluding discrete items, was 22.21% and 19.64% for the six months ended June 30, 2021 and 2020, respectively.

The Company and its subsidiaries file a consolidated U.S. federal income tax return. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and state departments of revenue for the years ending December 31, 2017 through December 31, 2019.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

(In Thousands)

Fair Value Measurements and the Fair Level Hierarchy

FASB Accounting Standards Codification Topic (“ASC”) 820, “Fair Value Measurements and Disclosures,” provides guidance for using fair value to measure assets and liabilities and also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to a valuation based on quoted prices in active markets for identical assets and liabilities (Level 1), moderate priority to a valuation based on quoted prices in active markets for similar assets and liabilities and/or based on assumptions that are observable in the market (Level 2), and the lowest priority to a valuation based on assumptions that are not observable in the market (Level 3).

Recurring Fair Value Measurements

The Company carries certain assets and liabilities at fair value on a recurring basis in accordance with applicable standards. The Company’s recurring fair value measurements are based on the requirement to carry such assets and liabilities at fair value or the Company’s election to carry certain eligible assets and liabilities at fair value. Assets and liabilities that are required to be carried at fair value on a recurring basis include securities available for sale and derivative instruments. The Company has elected to carry mortgage loans held for sale at fair value on a recurring basis as permitted under the guidance in ASC 825, “Financial Instruments” (“ASC 825”).

The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets and liabilities that are measured on a recurring basis:

Securities available for sale: Securities available for sale consist primarily of debt securities, such as obligations of U.S. Government agencies and corporations, obligations of states and political subdivisions, mortgage-backed securities and trust preferred securities. Where quoted market prices in active markets are available, securities are classified within Level 1 of the fair value hierarchy. If quoted prices from active markets are not available, fair values are based on quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active, or model-based valuation techniques where all significant assumptions are observable in the market. Such instruments are classified within Level 2 of the fair value hierarchy. When assumptions used in model-based valuation techniques are not observable in the market, the assumptions used by management reflect estimates of assumptions used by other market participants in determining fair value. When there is limited transparency around the inputs to the valuation, the instruments are classified within Level 3 of the fair value hierarchy.

Derivative instruments: Most of the Company’s derivative contracts are extensively traded in over-the-counter markets and are valued using discounted cash flow models which incorporate observable market based inputs including current market interest rates, credit spreads, and other factors. Such instruments are categorized within Level 2 of the fair value hierarchy and include interest rate swaps and other interest rate contracts such as interest rate caps and/or floors. The Company’s interest rate lock commitments are valued using current market prices for mortgage-backed securities with similar characteristics, adjusted for certain factors including servicing and risk. The value of the Company’s forward commitments is based on current prices for securities backed by similar types of loans. Because these assumptions are observable in active markets, the Company’s interest rate lock commitments and forward commitments are categorized within Level 2 of the fair value hierarchy.

Mortgage loans held for sale in loans held for sale: Mortgage loans held for sale are primarily agency loans which trade in active secondary markets. The fair value of these instruments is derived from current market pricing for similar loans, adjusted for differences in loan characteristics, including servicing and risk. Because the valuation is based on external pricing of similar instruments, mortgage loans held for sale are classified within Level 2 of the fair value hierarchy.

The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:

	Level 1		Level 2		Level 3		Totals
June 30, 2021
Financial assets:
Securities available for sale	$	—	$	2,163,820	$	—	$	2,163,820
Derivative instruments	—		27,470		—		27,470
Mortgage loans held for sale in loans held for sale	—		448,959		—		448,959
Total financial assets	$	—	$	2,640,249	$	—	$	2,640,249
Financial liabilities:
Derivative instruments:	$	—	$	16,804	$	—	$	16,804

	Level 1		Level 2		Level 3		Totals
December 31, 2020
Financial assets:
Trust preferred securities	$	—	$	—	$	9,012	$	9,012
Other available for sale securities	—		1,334,445		—		1,334,445
Total securities available for sale	—		1,334,445		9,012		1,343,457
Derivative instruments	—		33,574		—		33,574
Mortgage loans held for sale in loans held for sale	—		417,771		—		417,771
Total financial assets	$	—	$	1,785,790	$	9,012	$	1,794,802
Financial liabilities:
Derivative instruments	$	—	$	21,107	$	—	$	21,107

The Company reviews fair value hierarchy classifications on a quarterly basis. Changes in the Company’s ability to observe inputs to the valuation may cause reclassification of certain assets or liabilities within the fair value hierarchy. Transfers between levels of the hierarchy are deemed to have occurred at the end of period. There were no such transfers between levels of the fair value hierarchy during the six months ended June 30, 2021.

The following tables provide a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented:

	2021		2020
Three Months Ended June 30, 2021	Trust preferred securities		Trust preferred securities
Three Months Ended June 30,
Balance at beginning of period	$	—	$	8,604
Accretion included in net income	—		9
Unrealized losses included in other comprehensive income	—		(903)
Settlements	—		(31)
Balance at end of period	$	—	$	7,679
Six Months Ended June 30,
Balance at beginning of period	$	9,012	$	9,986
Accretion included in net income	7		18
Unrealized gains (losses) included in other comprehensive income	941		(2,222)
Realized losses	2,061		—
Purchases	(12,021)		—
Settlements	—		(103)
Balance at end of period	$	—	$	7,679

For each of the three and six months ended June 30, 2021 and 2020, respectively, there were no gains or losses included in earnings that were attributable to the change in unrealized gains or losses related to assets or liabilities held at the end of each respective period that were measured on a recurring basis using significant unobservable inputs.

Nonrecurring Fair Value Measurements

Certain assets and liabilities may be recorded at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically are a result of the application of the lower of cost or market accounting or a write-down occurring during the period. The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:

June 30, 2021	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	11,150	$	11,150
OREO	—		—		549		549
Mortgage servicing rights	—		—		84,912		84,912
Total	$	—	$	—	$	96,611	$	96,611

December 31, 2020	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	24,145	$	24,145
OREO	—		—		2,736		2,736
Mortgage servicing rights	—		—		62,994		62,994
Total	$	—	$	—	$	89,875	$	89,875

The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets measured on a nonrecurring basis:

Individually evaluated loans: Loans are individually evaluated for credit losses each quarter taking into account the fair value of the collateral less estimated selling costs. Collateral may be real estate and/or business assets including but not limited to equipment, inventory and accounts receivable. The fair value of real estate is determined based on appraisals by qualified licensed appraisers. The fair value of the business assets is generally based on amounts reported on the business’s financial statements. Appraised and reported values may be adjusted based on changes in market conditions from the time of valuation and management’s knowledge of the client and the client’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3. Individually evaluated loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. Individually evaluated loans that were measured or re-measured at fair value had a carrying value of $16,141 and $36,990 at June 30, 2021 and December 31, 2020, respectively, and a specific reserve for these loans of $4,991 and $12,845 was included in the allowance for credit losses as of such dates.

Other real estate owned: OREO is comprised of commercial and residential real estate obtained in partial or total satisfaction of loan obligations. OREO acquired in settlement of indebtedness is recorded at the fair value of the real estate less estimated costs to sell. Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value. Fair value, when recorded, is determined based on appraisals by qualified licensed appraisers and adjusted for management’s estimates of costs to sell. Accordingly, values for OREO are classified as Level 3.

The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented:

	June 30, 2021		December 31, 2020
Carrying amount prior to remeasurement	$	596	$	4,051
Impairment recognized in results of operations	(47)		(1,315)
Fair value	$	549	$	2,736

Mortgage servicing rights: Mortgage servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, prepayment speeds, servicing costs, and other factors. Because these factors are not all observable and include management’s assumptions, mortgage servicing rights are classified within Level 3 of the fair value hierarchy. Mortgage servicing rights were carried at amortized cost at June 30, 2021 and fair value at December 31, 2020. There were $13,561 of positive valuation adjustments on MSRs during the six months ended June 30, 2021 and $14,522 of negative valuation adjustments recognized during the six months ended June 30, 2020.

The following table presents information as of June 30, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

Financial instrument	Fair Value		Valuation Technique	Significant Unobservable Inputs	Range of Inputs
Individually evaluated loans, net of allowance for credit losses	$	11,150	Appraised value of collateral less estimated costs to sell	Estimated costs to sell	4-10%
OREO	$	549	Appraised value of property less estimated costs to sell	Estimated costs to sell	4-10%

Fair Value Option

The Company has elected to measure all mortgage loans held for sale at fair value under the fair value option as permitted under ASC 825. Electing to measure these assets at fair value reduces certain timing differences and better matches the changes in fair value of the loans with changes in the fair value of derivative instruments used to economically hedge them.

Net losses of $7,520 and net gains of $9,617 resulting from fair value changes of these mortgage loans were recorded in income during the six months ended June 30, 2021 and 2020, respectively. The amount does not reflect changes in fair values of related derivative instruments used to hedge exposure to market-related risks associated with these mortgage loans. The change in fair value of both mortgage loans held for sale and the related derivative instruments are recorded in “Mortgage banking income” in the Consolidated Statements of Income.

The Company’s valuation of mortgage loans held for sale incorporates an assumption for credit risk; however, given the short-term period that the Company holds these loans, valuation adjustments attributable to instrument-specific credit risk is nominal. Interest income on mortgage loans held for sale measured at fair value is accrued as it is earned based on contractual rates and is reflected in loan interest income on the Consolidated Statements of Income.

The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of June 30, 2021 and December 31, 2020:

	Aggregate Fair Value		Aggregate Unpaid Principal Balance		Difference
June 30, 2021
Mortgage loans held for sale measured at fair value	$	448,959	$	434,310	$	14,649
December 31, 2020
Mortgage loans held for sale measured at fair value	$	417,771	$	395,602	$	22,169

Fair Value of Financial Instruments

The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:

			Fair Value
As of June 30, 2021	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,605,488	$	1,605,488	$	—	$	—	$	1,605,488
Securities available for sale	2,163,820		—		2,163,820		—		2,163,820
Loans held for sale	448,959		—		448,959		—		448,959
Loans, net	9,976,888		—		—		9,868,318		9,868,318
Mortgage servicing rights	84,912		—		—		87,531		87,531
Derivative instruments	27,470		—		27,470		—		27,470
Financial liabilities
Deposits	$	13,115,351	$	11,582,111	$	1,537,071	$	—	$	13,119,182
Short-term borrowings	14,933		14,933		—		—		14,933
Federal Home Loan Bank advances	150,434		—		155,828		—		155,828
Junior subordinated debentures	111,083		—		100,243		—		100,243
Subordinated notes	207,889		—		219,676		—		219,676
Derivative instruments	16,804		—		16,804		—		16,804

			Fair Value
As of December 31, 2020	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	633,203	$	633,203	$	—	$	—	$	633,203
Securities available for sale	1,343,457		—		1,334,445		9,012		1,343,457
Loans held for sale	417,771		—		417,771		—		417,771
Loans, net	10,757,503		—		—		10,668,625		10,668,625
Mortgage servicing rights	62,994		—		—		62,994		62,994
Derivative instruments	33,574		—		33,574		—		33,574
Financial liabilities
Deposits	$	12,059,081	$	10,363,193	$	1,706,005	$	—	$	12,069,198
Short-term borrowings	21,340		21,340		—		—		21,340
Federal Home Loan Bank advances	152,167		—		158,914		—		158,914
Junior subordinated debentures	110,794		—		93,092		—		93,092
Subordinated notes	212,009		—		217,575		—		217,575
Derivative instruments	21,107		—		21,107		—		21,107

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Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

(In Thousands)

Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented:

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended June 30, 2021
Securities available for sale:
Unrealized holding gains on securities	$	4,965	$	1,263	$	3,702
Total securities available for sale	4,965		1,263		3,702
Derivative instruments:
Unrealized holding losses on derivative instruments	(6,234)		(1,586)		(4,648)
Total derivative instruments	(6,234)		(1,586)		(4,648)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	76		19		57
Total defined benefit pension and post-retirement benefit plans	76		19		57
Total other comprehensive loss	$	(1,193)	$	(304)	$	(889)
Three months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	3,496	$	893	$	2,603
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	3,465		885		2,580
Derivative instruments:
Unrealized holding losses on derivative instruments	(1,064)		(271)		(793)
Total derivative instruments	(1,064)		(271)		(793)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	68		17		51
Total defined benefit pension and post-retirement benefit plans	68		17		51
Total other comprehensive income	$	2,469	$	631	$	1,838

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Six months ended June 30, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(15,079)	$	(3,838)	$	(11,241)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(16,436)		(4,183)		(12,253)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,500		2,164		6,336
Total derivative instruments	8,500		2,164		6,336
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		31		99
Total defined benefit pension and post-retirement benefit plans	130		31		99
Total other comprehensive loss	$	(7,806)	$	(1,988)	$	(5,818)
Six months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	25,885	$	6,588	$	19,297
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	25,854		6,580		19,274
Derivative instruments:
Unrealized holding losses on derivative instruments	(5,092)		(1,296)		(3,796)
Total derivative instruments	(5,092)		(1,296)		(3,796)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		33		97
Total defined benefit pension and post-retirement benefit plans	130		33		97
Total other comprehensive income	$	20,892	$	5,317	$	15,575

The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented:

	June 30, 2021		December 31, 2020
Unrealized gains on securities	$	18,674	$	42,246
Non-credit related portion of previously recorded other-than-temporary impairment on securities	—		(11,319)
Unrealized gains (losses) on derivative instruments	5,698		(638)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,122)		(5,221)
Total accumulated other comprehensive income	$	19,250	$	25,068

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Net Income Per Common Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

(In Thousands, Except Share Data)

Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested and outstanding stock options were exercised into common shares, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented:

	Three Months Ended
	June 30,
	2021		2020
Basic
Net income applicable to common stock	$	40,867	$	20,130
Average common shares outstanding	56,325,717		56,165,452
Net income per common share - basic	$	0.73	$	0.36
Diluted
Net income applicable to common stock	$	40,867	$	20,130
Average common shares outstanding	56,325,717		56,165,452
Effect of dilutive stock-based compensation	310,181		160,024
Average common shares outstanding - diluted	56,635,898		56,325,476
Net income per common share - diluted	$	0.72	$	0.36

	Six Months Ended
	June 30,
	2021		2020
Basic
Net income applicable to common stock	$	98,775	$	22,138
Average common shares outstanding	56,283,195		56,350,134
Net income per common share - basic	$	1.75	$	0.39
Diluted
Net income applicable to common stock	$	98,775	$	22,138
Average common shares outstanding	56,283,195		56,350,134
Effect of dilutive stock-based compensation	295,385		164,465
Average common shares outstanding - diluted	56,578,580		56,514,599
Net income per common share - diluted	$	1.75	$	0.39

Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:

	Three Months Ended
	June 30,
	2021	2020
Number of shares	19,929	264,183
Exercise prices (for stock option awards)	—	—

	Six Months Ended
	June 30,
	2021	2020
Number of shares	19,929	247,093
Exercise prices (for stock option awards)	—	—

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Regulatory Matters

6 Months Ended

Jun. 30, 2021

Banking and Thrift, Interest [Abstract]

Regulatory Matters

Regulatory Matters

(In Thousands)

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency have issued guidelines governing the levels of capital that bank holding companies and banks must maintain. Those guidelines specify capital tiers, which include the following classifications:

Capital Tiers	Tier 1 Capital to Average Assets (Leverage)	Common Equity Tier 1 to Risk - Weighted Assets	Tier 1 Capital to Risk - Weighted Assets	Total Capital to Risk - Weighted Assets
Well capitalized	5% or above	6.5% or above	8% or above	10% or above
Adequately capitalized	4% or above	4.5% or above	6% or above	8% or above
Undercapitalized	Less than 4%	Less than 4.5%	Less than 6%	Less than 8%
Significantly undercapitalized	Less than 3%	Less than 3%	Less than 4%	Less than 6%
Critically undercapitalized	Tangible Equity / Total Assets less than 2%

The following table provides the capital and risk-based capital and leverage ratios for the Company and for the Bank as of the dates presented:

	June 30, 2021				December 31, 2020
	Amount		Ratio		Amount		Ratio
Renasant Corporation
Tier 1 Capital to Average Assets (Leverage)	$	1,385,657	9.30	%	$	1,306,597	9.37	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,278,165		11.14	%	1,199,394		10.93	%
Tier 1 Capital to Risk-Weighted Assets	1,385,657		12.07	%	1,306,597		11.91	%
Total Capital to Risk-Weighted Assets	1,734,376		15.11	%	1,653,694		15.07	%
Renasant Bank
Tier 1 Capital to Average Assets (Leverage)	$	1,444,582	9.70	%	$	1,369,994	9.83	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,444,582		12.59	%	1,369,994		12.49	%
Tier 1 Capital to Risk-Weighted Assets	1,444,582		12.59	%	1,369,994		12.49	%
Total Capital to Risk-Weighted Assets	1,581,025		13.78	%	1,504,985		13.73	%

Common equity Tier 1 capital (“CET1”) generally consists of common stock, retained earnings, accumulated other comprehensive income and certain minority interests, less certain adjustments and deductions. In addition, the Company must maintain a “capital conservation buffer,” which is a specified amount of CET1 capital in addition to the amount necessary to meet minimum risk-based capital requirements. The capital conservation buffer is designed to absorb losses during periods of economic stress. If the Company’s ratio of CET1 to risk-weighted capital is below the capital conservation buffer, the Company will face restrictions on its ability to pay dividends, repurchase outstanding stock and make certain discretionary bonus payments. The required capital conservation buffer is 2.5% of CET1 to risk-weighted assets in addition to the amount necessary to meet minimum risk-based capital requirements. As shown in the tables above, as of June 30, 2021, the Company’s CET1 capital was in excess of the capital conservation buffer.

The Company has elected to take advantage of transitional relief offered by the Federal Reserve and the FDIC to delay for two years the estimated impact of Accounting Standards Codification Topic 326, “Financial Instruments - Credit Losses” (“ASC

326”), often referred to as CECL, on regulatory capital, followed by a three-year transitional period to phase out the capital benefit provided by the two-year delay.

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Segment Reporting

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

(In Thousands)

The operations of the Company’s reportable segments are described as follows:

•The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending and equipment leasing, as well as safe deposit and night depository facilities.

•The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers.

•The Wealth Management segment, through the Trust division, offers a broad range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts. In addition, the Wealth Management segment, through the Financial Services division, provides specialized products and services to customers, which include fixed and variable annuities, mutual funds and other investment services through a third party broker-dealer.

In order to give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts.

The following tables provide financial information for the Company’s operating segments as of and for the periods presented:

	Community Banks		Insurance		Wealth Management		Other		Consolidated
Three months ended June 30, 2021
Net interest income (loss)	$	112,780	$	111	$	396	$	(3,708)	$	109,579
Provision for loan losses	—		—		—		—		—
Noninterest income	40,149		2,475		5,430		(444)		47,610
Noninterest expense	102,426		1,987		4,047		317		108,777
Income (loss) before income taxes	50,503		599		1,779		(4,469)		48,412
Income tax expense (benefit)	8,547		153		—		(1,155)		7,545
Net income (loss)	$	41,956	$	446	$	1,779	$	(3,314)	$	40,867
Total assets	$	15,910,027	$	31,978	$	63,656	$	16,725	$	16,022,386
Goodwill	$	936,916	$	2,767	—		—		$	939,683
Three months ended June 30, 2020
Net interest income (loss)	$	108,110	$	111	$	397	$	(2,836)	$	105,782
Provision for loan losses	26,861		—		39		—		26,900
Noninterest income	58,115		2,153		4,312		(410)		64,170
Noninterest expense	112,776		1,848		3,452		209		118,285
Income (loss) before income taxes	26,588		416		1,218		(3,455)		24,767
Income tax expense (benefit)	5,425		111		—		(899)		4,637
Net income (loss)	$	21,163	$	305	$	1,218	$	(2,556)	$	20,130
Total assets	$	14,775,811	$	29,095	$	68,257	$	24,044	$	14,897,207
Goodwill	$	936,916	$	2,767	—		—		$	939,683

	Community Banks		Insurance		Wealth Management		Other		Consolidated
Six months ended June 30, 2021
Net interest income (loss)	$	225,728	$	218	$	780	$	(7,499)	$	219,227
Provision for credit losses	—		—		—		—		—
Noninterest income (loss)	113,219		5,723		10,601		(896)		128,647
Noninterest expense	212,012		3,910		8,148		642		224,712
Income (loss) before income taxes	126,935		2,031		3,233		(9,037)		123,162
Income tax expense (benefit)	26,203		520		—		(2,336)		24,387
Net income (loss)	$	100,732	$	1,511	$	3,233	$	(6,701)	$	98,775
Total assets	$	15,910,027	$	31,978	$	63,656	$	16,725	$	16,022,386
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683
Six months ended June 30, 2020
Net interest income (loss)	$	216,970	$	298	$	847	$	(5,731)	$	212,384
Provision for credit losses	53,073		—		177		—		53,250
Noninterest income (loss)	88,798		5,093		8,656		(807)		101,740
Noninterest expense (benefit)	222,060		3,734		7,397		135		233,326
Income (loss) before income taxes	30,635		1,657		1,929		(6,673)		27,548
Income tax expense (benefit)	6,705		441		—		(1,736)		5,410
Net income (loss)	$	23,930	$	1,216	$	1,929	$	(4,937)	$	22,138
Total assets	$	14,775,811	$	29,095	$	68,257	$	24,044	$	14,897,207
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683

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Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation: The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company’s significant accounting policies, refer to the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission on February 26, 2021.
Use of estimates	Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material.
Impact of recently-issued accounting standards and pronouncements	Impact of Recently-Issued Accounting Standards and Pronouncements:In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, “Reference Rate Reform (Topic 842): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides temporary, optional guidance to ease the potential burden in accounting for reference rate reform on financial reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions if certain criteria are met that reference LIBOR or another reference rate expected to be discontinued. As the guidance is intended to assist stakeholders during the global market-wide reference rate transition period, it is in effect only from March 12, 2020 through December 31, 2022. The Company has established a LIBOR Transition Committee and is currently evaluating the impact of adopting ASU 2020-04 on the Company’s financial statements.

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Securities (Tables)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Amortized cost and fair value of securities available for sale

The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below. There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of June 30, 2021 or December 31, 2020.

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
June 30, 2021
U.S. Treasury securities	$	3,021	$	16	$	—	$	3,037
Obligations of states and political subdivisions	314,675		11,270		(425)		325,520
Residential mortgage backed securities:
Government agency mortgage backed securities	742,392		13,670		(1,572)		754,490
Government agency collateralized mortgage obligations	800,299		2,267		(4,324)		798,242
Commercial mortgage backed securities:
Government agency mortgage backed securities	21,461		795		—		22,256
Government agency collateralized mortgage obligations	197,401		1,729		(1,571)		197,559
Other debt securities	59,523		3,193		—		62,716
	$	2,138,772	$	32,940	$	(7,892)	$	2,163,820

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2020
U.S. Treasury securities	$	7,047	$	32	$	—	$	7,079
Obligations of other U.S. Government agencies and corporations	1,003		6		—		1,009
Obligations of states and political subdivisions	291,231		14,015		(45)		305,201
Residential mortgage backed securities:
Government agency mortgage backed securities	581,105		21,564		(23)		602,646
Government agency collateralized mortgage obligations	218,373		1,946		(51)		220,268
Commercial mortgage backed securities:
Government agency mortgage backed securities	29,053		1,235		(1)		30,287
Government agency collateralized mortgage obligations	99,377		2,992		(21)		102,348
Trust preferred securities	12,013		—		(3,001)		9,012
Other debt securities	62,771		2,909		(73)		65,607
	$	1,301,973	$	44,699	$	(3,215)	$	1,343,457

Schedule of realized gain (loss)

Securities sold were as set forth in the tables below. There were no securities sold during the three months ended June 30, 2021 and 2020.

	Carrying Value		Net Proceeds		Gain/(Loss)
Six months ended June 30, 2021
Obligations of states and political subdivisions	$	47	$	50	$	3
Residential mortgage backed securities:
Government agency mortgage backed securities	136,340		139,735		3,395
Government agency collateralized mortgage obligations	5,626		5,646		20
Trust preferred securities	12,021		9,960		(2,061)
	$	154,034	$	155,391	$	1,357

	Carrying Value		Net Proceeds		Gain/(Loss)
Six months ended June 30, 2020
Obligations of states and political subdivisions	$	2,696	$	2,561	$	(135)
Residential mortgage backed securities:
Government agency mortgage backed securities	6,046		6,212		166
	$	8,742	$	8,773	$	31

Gross realized gains and losses on sales of securities available for sale for the three and six months ended June 30, 2021 were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Gross gains on sales of securities available for sale	$	—	$	166	$	3,508	$	166
Gross losses on sales of securities available for sale	—		(135)		(2,151)		(135)
Gains on sales of securities available for sale, net	$	—	$	31	$	1,357	$	31

Amortized cost and fair value of securities by contractual maturity

The amortized cost and fair value of securities at June 30, 2021 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.

	Available for Sale
	Amortized Cost		Fair Value
Due within one year	$	36,914	$	39,268
Due after one year through five years	23,273		24,061
Due after five years through ten years	57,089		59,654
Due after ten years	228,196		234,605
Residential mortgage backed securities:
Government agency mortgage backed securities	742,392		754,490
Government agency collateralized mortgage obligations	800,299		798,242
Commercial mortgage backed securities:
Government agency mortgage backed securities	21,461		22,256
Government agency collateralized mortgage obligations	197,401		197,559
Other debt securities	31,747		33,685
	$	2,138,772	$	2,163,820

Gross unrealized losses and fair value by investment category

The following table presents the age of gross unrealized losses and fair value by investment category for which an allowance for credit losses has not been recorded as of the dates presented:

	Less than 12 Months					12 Months or More					Total
	#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses
Available for Sale:
June 30, 2021
Obligations of states and political subdivisions	20	$	40,176	$	(414)	1	$	2,166	$	(11)	21	$	42,342	$	(425)
Residential mortgage backed securities:
Government agency mortgage backed securities	25	210,509		(1,572)		—	—		—		25	210,509		(1,572)
Government agency collateralized mortgage obligations	25	537,594		(4,324)		—	—		—		25	537,594		(4,324)
Commercial mortgage backed securities:
Government agency mortgage backed securities	—	—		—		1	446		—		1	446		—
Government agency collateralized mortgage obligations	—	—		—		13	115,433		(1,571)		13	115,433		(1,571)
Other debt securities	1	1,000		—		—	—		—		1	1,000		—
Total	71	$	789,279	$	(6,310)	15	$	118,045	$	(1,582)	86	$	907,324	$	(7,892)
December 31, 2020
Obligations of states and political subdivisions	6	$	9,403	$	(45)	—	$	—	$	—	6	$	9,403	$	(45)
Residential mortgage backed securities:
Government agency mortgage backed securities	2	19,755		(23)		—	—		—		2	19,755		(23)
Government agency collateralized mortgage obligations	5	27,143		(51)		—	—		—		5	27,143		(51)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	1,538		(1)		1	459		—		2	1,997		(1)
Government agency collateralized mortgage obligations	3	14,190		(21)		—	—		—		3	14,190		(21)
Trust preferred securities	—	—		—		2	9,012		(3,001)		2	9,012		(3,001)
Other debt securities	4	3,330		(70)		1	566		(3)		5	3,896		(73)
Total	21	$	75,359	$	(211)	4	$	10,037	$	(3,004)	25	$	85,396	$	(3,215)

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Non Purchased Loans (Tables)

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Summary of non-purchased loans and leases

The following is a summary of non purchased loans and leases as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural(1)	$	1,509,908	$	2,360,471
Lease financing	78,028		80,022
Real estate – construction:
Residential	274,599		243,814
Commercial	764,014		583,338
Total real estate – construction	1,038,613		827,152
Real estate – 1-4 family mortgage:
Primary	1,623,987		1,536,181
Home equity	426,845		432,768
Rental/investment	271,397		264,436
Land development	113,345		123,179
Total real estate – 1-4 family mortgage	2,435,574		2,356,564
Real estate – commercial mortgage:
Owner-occupied	1,373,150		1,334,765
Non-owner occupied	2,249,112		2,194,739
Land development	101,047		120,125
Total real estate – commercial mortgage	3,723,309		3,649,629
Installment loans to individuals	111,137		149,862
Gross loans	8,896,569		9,423,700
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	$	8,892,544	$	9,419,540

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 and $1,128,703 as of June 30, 2021 and December 31, 2020, respectively.

The following is a summary of purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	124,725	$	176,513
Real estate – construction:
Residential	2,564		2,859
Commercial	10,182		28,093
Total real estate – construction	12,746		30,952
Real estate – 1-4 family mortgage:
Primary	166,535		214,770
Home equity	63,088		80,392
Rental/investment	25,944		31,928
Land development	10,950		14,654
Total real estate – 1-4 family mortgage	266,517		341,744
Real estate – commercial mortgage:
Owner-occupied	290,041		323,041
Non-owner occupied	492,917		552,728
Land development	23,902		29,454
Total real estate – commercial mortgage	806,860		905,223
Installment loans to individuals	45,850		59,675
Loans	$	1,256,698	$	1,514,107

The following is a summary of total non purchased and purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	1,634,633	$	2,536,984
Lease financing	78,028		80,022
Real estate – construction:
Residential	277,163		246,673
Commercial	774,196		611,431
Total real estate – construction	1,051,359		858,104
Real estate – 1-4 family mortgage:
Primary	1,790,522		1,750,951
Home equity	489,933		513,160
Rental/investment	297,341		296,364
Land development	124,295		137,833
Total real estate – 1-4 family mortgage	2,702,091		2,698,308
Real estate – commercial mortgage:
Owner-occupied	1,663,191		1,657,806
Non-owner occupied	2,742,029		2,747,467
Land development	124,949		149,579
Total real estate – commercial mortgage	4,530,169		4,554,852
Installment loans to individuals	156,987		209,537
Gross loans	10,153,267		10,937,807
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	10,149,242		10,933,647
Allowance for credit losses on loans	(172,354)		(176,144)
Net loans	$	9,976,888	$	10,757,503

Aging of past due and nonaccrual loans

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	2,909	$	113	$	1,501,970	$	1,504,992	$	10	$	1,512	$	3,394	$	4,916	$	1,509,908
Lease financing	20		—		78,008		78,028		—		—		—		—		78,028
Real estate – construction:
Residential	—		—		274,599		274,599		—		—		—		—		274,599
Commercial	—		—		764,014		764,014		—		—		—		—		764,014
Total real estate – construction	—		—		1,038,613		1,038,613		—		—		—		—		1,038,613
Real estate – 1-4 family mortgage:
Primary	3,345		505		1,610,000		1,613,850		1,414		3,545		5,178		10,137		1,623,987
Home equity	975		—		425,225		426,200		30		446		169		645		426,845
Rental/investment	723		138		269,930		270,791		—		103		503		606		271,397
Land development	39		—		113,117		113,156		—		104		85		189		113,345
Total real estate – 1-4 family mortgage	5,082		643		2,418,272		2,423,997		1,444		4,198		5,935		11,577		2,435,574
Real estate – commercial mortgage:
Owner-occupied	2,342		—		1,368,353		1,370,695		477		706		1,272		2,455		1,373,150
Non-owner occupied	82		2		2,241,403		2,241,487		—		2,002		5,623		7,625		2,249,112
Land development	89		42		100,717		100,848		—		159		40		199		101,047
Total real estate – commercial mortgage	2,513		44		3,710,473		3,713,030		477		2,867		6,935		10,279		3,723,309
Installment loans to individuals	769		—		110,039		110,808		10		168		151		329		111,137
Unearned income	—		—		(4,025)		(4,025)		—		—		—		—		(4,025)
Loans, net of unearned income	$	11,293	$	800	$	8,853,350	$	8,865,443	$	1,941	$	8,745	$	16,415	$	27,101	$	8,892,544

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	1,124	$	231	$	2,354,716	$	2,356,071	$	164	$	1,804	$	2,432	$	4,400	$	2,360,471
Lease financing	—		—		79,974		79,974		—		48		—		48		80,022
Real estate – construction:
Residential	—		—		243,317		243,317		—		497		—		497		243,814
Commercial	—		—		583,338		583,338		—		—		—		—		583,338
Total real estate – construction	—		—		826,655		826,655		—		497		—		497		827,152
Real estate – 1-4 family mortgage:
Primary	11,889		1,754		1,513,716		1,527,359		1,865		2,744		4,213		8,822		1,536,181
Home equity	1,152		360		430,702		432,214		66		111		377		554		432,768
Rental/investment	663		210		263,064		263,937		61		194		244		499		264,436
Land development	97		—		123,051		123,148		—		—		31		31		123,179
Total real estate – 1-4 family mortgage	13,801		2,324		2,330,533		2,346,658		1,992		3,049		4,865		9,906		2,356,564
Real estate – commercial mortgage:
Owner-occupied	779		795		1,330,155		1,331,729		—		2,598		438		3,036		1,334,765
Non-owner occupied	922		127		2,191,440		2,192,489		—		2,197		53		2,250		2,194,739
Land development	113		115		119,820		120,048		44		29		4		77		120,125
Total real estate – commercial mortgage	1,814		1,037		3,641,415		3,644,266		44		4,824		495		5,363		3,649,629
Installment loans to individuals	896		191		148,620		149,707		4		117		34		155		149,862
Unearned income	—		—		(4,160)		(4,160)		—		—		—		—		(4,160)
Loans, net of unearned income	$	17,635	$	3,783	$	9,377,753	$	9,399,171	$	2,204	$	10,339	$	7,826	$	20,369	$	9,419,540

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	376	$	—	$	113,802	$	114,178	$	1,293	$	1,698	$	7,556	$	10,547	$	124,725
Real estate – construction:
Residential	46		—		2,518		2,564		—		—		—		—		2,564
Commercial	—		—		10,182		10,182		—		—		—		—		10,182
Total real estate – construction	46		—		12,700		12,746		—		—		—		—		12,746
Real estate – 1-4 family mortgage:
Primary	1,530		37		160,292		161,859		625		1,958		2,093		4,676		166,535
Home equity	555		—		61,140		61,695		36		680		677		1,393		63,088
Rental/investment	104		—		25,730		25,834		41		56		13		110		25,944
Land development	100		—		10,838		10,938		—		—		12		12		10,950
Total real estate – 1-4 family mortgage	2,289		37		258,000		260,326		702		2,694		2,795		6,191		266,517
Real estate – commercial mortgage:
Owner-occupied	60		—		287,642		287,702		89		654		1,596		2,339		290,041
Non-owner occupied	—		845		484,120		484,965		—		—		7,952		7,952		492,917
Land development	86		55		23,481		23,622		—		138		142		280		23,902
Total real estate – commercial mortgage	146		900		795,243		796,289		89		792		9,690		10,571		806,860
Installment loans to individuals	926		8		44,535		45,469		12		148		221		381		45,850
Loans, net of unearned income	$	3,783	$	945	$	1,224,280	$	1,229,008	$	2,096	$	5,332	$	20,262	$	27,690	$	1,256,698

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	818	$	101	$	163,658	$	164,577	$	74	$	2,024	$	9,838	$	11,936	$	176,513
Real estate – construction:
Residential	—		—		2,859		2,859		—		—		—		—		2,859
Commercial	—		—		28,093		28,093		—		—		—		—		28,093
Total real estate – construction	—		—		30,952		30,952		—		—		—		—		30,952
Real estate – 1-4 family mortgage:
Primary	2,394		74		206,635		209,103		687		2,799		2,181		5,667		214,770
Home equity	294		43		78,739		79,076		4		674		638		1,316		80,392
Rental/investment	180		14		30,931		31,125		—		724		79		803		31,928
Land development	109		—		14,231		14,340		—		—		314		314		14,654
Total real estate – 1-4 family mortgage	2,977		131		330,536		333,644		691		4,197		3,212		8,100		341,744
Real estate – commercial mortgage:
Owner-occupied	2,511		—		317,997		320,508		193		447		1,893		2,533		323,041
Non-owner occupied	207		—		544,694		544,901		7,682		—		145		7,827		552,728
Land development	112		—		28,962		29,074		—		164		216		380		29,454
Total real estate – commercial mortgage	2,830		—		891,653		894,483		7,875		611		2,254		10,740		905,223
Installment loans to individuals	2,026		35		57,339		59,400		31		136		108		275		59,675
Loans, net of unearned income	$	8,651	$	267	$	1,474,138	$	1,483,056	$	8,671	$	6,968	$	15,412	$	31,051	$	1,514,107

Impact of modifications classified as restructured loans

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	9	1,371		1,377
Total	15	$	6,599	$	6,605
Three months ended June 30, 2020
Commercial, financial, agricultural	4	$	933	$	930
Real estate – 1-4 family mortgage:
Primary	12	1,709		1,714
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	13	1,818		1,824
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	21	$	5,627	$	5,577

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	12	1,803		1,812
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	19	$	7,868	$	7,850
Six months ended June 30, 2020
Commercial, financial, agricultural	6	$	1,831	$	1,828
Real estate – 1-4 family mortgage:
Primary	15	2,155		2,163
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	16	2,264		2,273
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	26	$	6,971	$	6,924

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Real estate – 1-4 family mortgage:
Primary	1	862		862
Three months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	1	$	66	$	68
Home equity	1	159		162
Total real estate – 1-4 family mortgage	2	225		230
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	6	$	1,890	$	1,893

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	1	$	135	$	135
Real estate – 1-4 family mortgage:
Primary	1	862		862
Total	2	$	997	$	997
Six months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	2	290		183
Home equity	1	159		162
Total real estate – 1-4 family mortgage	3	449		345
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	7	$	2,114	$	2,008

Changes in restructured loans

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	76	$	11,761
Additional advances or loans with concessions	19	7,865
Reclassified as performing restructured loan	1	35
Reductions due to:
Reclassified as nonperforming	(1)	(179)
Paid in full	(5)	(428)
Principal paydowns	—	(216)
Totals at June 30, 2021	90	$	18,838

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	48	$	8,687
Additional advances or loans with concessions	2	1,236
Reductions due to:
Reclassified to nonperforming loans	(3)	(2,470)
Paid in full	(4)	(1,222)
Charge-offs	(1)	(205)
Principal paydowns	—	(154)
Totals at June 30, 2021	42	$	5,872

Loan portfolio by risk-rating grades

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	161,337	$	521,228	$	171,979	$	61,489	$	30,000	$	17,698	$	441,033	$	2,941	$	1,407,705
Pass	160,584		520,874		168,388		58,126		24,990		15,221		439,248		2,137		1,389,568
Special Mention	—		115		2,527		298		673		1,410		252		—		5,275
Substandard	753		239		1,064		3,065		4,337		1,067		1,533		804		12,862
Real Estate - Construction	$	221,640	$	407,728	$	293,244	$	29,050	$	149	$	—	$	6,907	$	5,803	$	964,521
Residential	$	130,319	$	58,469	$	2,093	$	—	$	—	$	—	$	6,907	$	5,803	$	203,591
Pass	130,319		57,922		2,093		—		—		—		6,907		5,803		203,044
Special Mention	—		547		—		—		—		—		—		—		547
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	91,321	$	349,259	$	291,151	$	29,050	$	149	$	—	$	—	$	—	$	760,930
Pass	91,321		349,259		286,471		29,050		149		—		—		—		756,250
Special Mention	—		—		4,680		—		—		—		—		—		4,680
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	83,874	$	82,347	$	57,180	$	22,817	$	19,601	$	12,129	$	13,870	$	538	$	292,356
Primary	$	6,270	$	7,639	$	4,917	$	3,754	$	3,913	$	972	$	4,930	$	—	$	32,395
Pass	6,270		7,639		4,131		3,754		3,913		960		4,930		—		31,597
Special Mention	—		—		120		—		—		—		—		—		120
Substandard	—		—		666		—		—		12		—		—		678
Home Equity	$	1,171	$	200	$	—	$	—	$	—	$	—	$	3,676	$	—	$	5,047
Pass	1,171		200		—		—		—		—		3,676		—		5,047
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	46,639	$	48,640	$	24,234	$	18,526	$	15,448	$	10,668	$	985	$	538	$	165,678

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	46,619		48,541		23,172		18,394		15,324		10,326		985		538		163,899
Special Mention	—		—		—		—		—		74		—		—		74
Substandard	20		99		1,062		132		124		268		—		—		1,705
Land Development	$	29,794	$	25,868	$	28,029	$	537	$	240	$	489	$	4,279	$	—	$	89,236
Pass	29,794		23,192		27,922		537		240		489		4,279		—		86,453
Special Mention	—		2,676		—		—		—		—		—		—		2,676
Substandard	—		—		107		—		—		—		—		—		107
Real Estate - Commercial Mortgage	$	401,283	$	910,479	$	734,366	$	398,252	$	344,733	$	502,800	$	99,932	$	21,054	$	3,412,899
Owner-Occupied	$	145,768	$	297,847	$	226,086	$	165,077	$	143,037	$	155,885	$	33,928	$	9,132	$	1,176,760
Pass	144,957		295,064		224,524		160,888		136,955		146,755		33,562		7,395		1,150,100
Special Mention	—		2,205		832		—		1,877		5,568		351		1,737		12,570
Substandard	811		578		730		4,189		4,205		3,562		15		—		14,090
Non-Owner Occupied	$	241,893	$	591,175	$	493,814	$	227,568	$	198,930	$	343,230	$	60,008	$	11,922	$	2,168,540
Pass	240,138		582,245		484,917		214,227		154,425		311,334		60,008		11,922		2,059,216
Special Mention	1,545		8,930		246		13,341		38,928		16,081		—		—		79,071
Substandard	210		—		8,651		—		5,577		15,815		—		—		30,253
Land Development	$	13,622	$	21,457	$	14,466	$	5,607	$	2,766	$	3,685	$	5,996	$	—	$	67,599
Pass	13,577		19,325		14,466		5,607		2,707		3,674		5,996		—		65,352
Special Mention	45		—		—		—		59		—		—		—		104
Substandard	—		2,132		—		—		—		11		—		—		2,143
Installment loans to individuals	$	—	$	6	$	2	$	—	$	—	$	—	$	—	$	—	$	8
Pass	—		6		2		—		—		—		—		—		8
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	868,134	$	1,921,788	$	1,256,771	$	511,608	$	394,483	$	532,627	$	561,742	$	30,336	$	6,077,489
Pass	864,750		1,904,267		1,236,086		490,583		338,703		488,759		559,591		27,795		5,910,534
Special Mention	1,590		14,473		8,405		13,639		41,537		23,133		603		1,737		105,117
Substandard	1,794		3,048		12,280		7,386		14,243		20,735		1,548		804		61,838

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	1,448,273	$	183,627	$	76,912	$	36,866	$	18,124	$	15,844	$	255,522	$	2,449	$	2,037,617
Pass	1,447,594		180,979		73,325		31,362		16,308		14,626		250,528		1,562		2,016,284
Special Mention	128		1,952		2,091		3,850		1,416		109		187		—		9,733
Substandard	551		696		1,496		1,654		400		1,109		4,807		887		11,600
Real Estate - Construction	$	398,891	$	266,471	$	52,520	$	29,300	$	—	$	—	$	13,927	$	—	$	761,109
Residential	$	154,649	$	9,836	$	2,114	$	—	$	—	$	—	$	13,923	$	—	$	180,522
Pass	154,419		9,339		2,114		—		—		—		13,923		—		179,795
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	230		497		—		—		—		—		—		—		727
Commercial	$	244,242	$	256,635	$	50,406	$	29,300	$	—	$	—	$	4	$	—	$	580,587
Pass	244,242		251,937		50,406		29,300		—		—		4		—		575,889

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	—		4,698		—		—		—		—		—		—		4,698
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	110,246	$	78,482	$	36,613	$	30,018	$	13,197	$	7,172	$	10,658	$	1,909	$	288,295
Primary	$	9,422	$	6,691	$	3,988	$	4,644	$	371	$	1,060	$	629	$	—	$	26,805
Pass	9,422		5,870		3,988		4,644		371		1,045		629		—		25,969
Special Mention	—		125		—		—		—		—		—		—		125
Substandard	—		696		—		—		—		15		—		—		711
Home Equity	$	157	$	184	$	—	$	—	$	—	$	—	$	6,051	$	—	$	6,392
Pass	157		184		—		—		—		—		6,051		—		6,392
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	50,558	$	32,656	$	27,483	$	25,019	$	12,620	$	5,699	$	1,066	$	557	$	155,658
Pass	50,371		31,724		26,695		24,872		12,439		5,166		1,066		557		152,890
Special Mention	—		—		—		83		77		133		—		—		293
Substandard	187		932		788		64		104		400		—		—		2,475
Land Development	$	50,109	$	38,951	$	5,142	$	355	$	206	$	413	$	2,912	$	1,352	$	99,440
Pass	50,109		38,388		5,142		355		203		413		2,912		1,352		98,874
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		563		—		—		3		—		—		—		566
Real Estate - Commercial Mortgage	$	967,746	$	801,083	$	444,205	$	402,110	$	340,774	$	277,789	$	76,115	$	20,845	$	3,330,667
Owner-Occupied	$	295,642	$	256,807	$	199,082	$	169,527	$	99,540	$	85,614	$	16,683	$	9,733	$	1,132,628
Pass	293,851		255,206		193,716		163,358		96,128		83,582		16,043		7,896		1,109,780
Special Mention	1,167		847		—		2,067		228		311		—		1,837		6,457
Substandard	624		754		5,366		4,102		3,184		1,721		640		—		16,391
Non-Owner Occupied	$	635,232	$	522,998	$	237,075	$	229,304	$	236,347	$	189,077	$	52,456	$	11,112	$	2,113,601
Pass	624,289		514,030		237,075		184,673		218,106		175,702		52,456		11,112		2,017,443
Special Mention	9,105		—		—		39,007		4,688		10,788		—		—		63,588
Substandard	1,838		8,968		—		5,624		13,553		2,587		—		—		32,570
Land Development	$	36,872	$	21,278	$	8,048	$	3,279	$	4,887	$	3,098	$	6,976	$	—	$	84,438
Pass	34,719		21,278		6,925		3,210		3,274		3,098		6,976		—		79,480
Special Mention	—		—		1,123		69		46		—		—		—		1,238
Substandard	2,153		—		—		—		1,567		—		—		—		3,720
Installment loans to individuals	$	74	$	4	$	—	$	—	$	—	$	—	$	—	$	16	$	94
Pass	74		4		—		—		—		—		—		16		94
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,925,230	$	1,329,667	$	610,250	$	498,294	$	372,095	$	300,805	$	356,222	$	25,219	$	6,417,782
Pass	2,909,247		1,308,939		599,386		441,774		346,829		283,632		350,588		22,495		6,262,890
Special Mention	10,400		7,622		3,214		45,076		6,455		11,341		187		1,837		86,132
Substandard	5,583		13,106		7,650		11,444		18,811		5,832		5,447		887		68,760

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	15,099	$	16,477	$	11,460	$	7,023	$	4,389	$	11,052	$	36,398	$	305	$	102,203
Performing Loans	15,099		16,477		11,313		6,915		4,174		10,969		36,151		305		101,403
Non-Performing Loans	—		—		147		108		215		83		247		—		800
Lease Financing Receivables	$	14,387	$	25,526	$	19,722	$	9,276	$	3,046	$	2,046	$	—	$	—	$	74,003
Performing Loans	14,387		25,526		19,722		9,276		3,046		2,046		—		—		74,003
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	20,974	$	50,321	$	2,777	$	—	$	20	$	—	$	—	$	—	$	74,092
Residential	$	19,370	$	49,080	$	2,538	$	—	$	20	$	—	$	—	$	—	$	71,008
Performing Loans	19,370		49,080		2,538		—		20		—		—		—		71,008
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,604	$	1,241	$	239	$	—	$	—	$	—	$	—	$	—	$	3,084
Performing Loans	1,604		1,241		239		—		—		—		—		—		3,084
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	295,117	$	508,702	$	274,815	$	210,531	$	159,432	$	268,946	$	422,623	$	3,052	$	2,143,218
Primary	$	267,460	$	468,784	$	257,747	$	192,337	$	143,698	$	259,743	$	1,823	$	—	$	1,591,592
Performing Loans	267,460		468,317		255,346		188,569		142,013		257,432		1,812		—		1,580,949
Non-Performing Loans	—		467		2,401		3,768		1,685		2,311		11		—		10,643
Home Equity	$	342	$	—	$	124	$	364	$	—	$	614	$	417,798	$	2,556	$	421,798
Performing Loans	342		—		124		364		—		538		417,373		2,411		421,152
Non-Performing Loans	—		—		—		—		—		76		425		145		646
Rental/Investment	$	19,972	$	29,786	$	15,217	$	15,178	$	14,417	$	7,991	$	2,662	$	496	$	105,719
Performing Loans	19,834		29,786		15,143		15,178		14,340		7,826		2,662		496		105,265
Non-Performing Loans	138		—		74		—		77		165		—		—		454
Land Development	$	7,343	$	10,132	$	1,727	$	2,652	$	1,317	$	598	$	340	$	—	$	24,109
Performing Loans	7,343		10,132		1,727		2,650		1,234		494		340		—		23,920
Non-Performing Loans	—		—		—		2		83		104		—		—		189
Real Estate - Commercial Mortgage	$	49,654	$	73,344	$	61,707	$	45,145	$	38,791	$	31,790	$	9,536	$	443	$	310,410
Owner-Occupied	$	28,626	$	45,009	$	39,590	$	29,545	$	26,029	$	22,529	$	4,762	$	300	$	196,390
Performing Loans	28,626		45,009		39,113		29,545		25,871		22,225		4,762		300		195,451
Non-Performing Loans	—		—		477		—		158		304		—		—		939
Non-Owner Occupied	$	14,585	$	17,891	$	16,379	$	11,892	$	10,548	$	6,853	$	2,281	$	143	$	80,572
Performing Loans	14,585		17,891		16,379		11,892		10,548		6,806		2,281		143		80,525
Non-Performing Loans	—		—		—		—		—		47		—		—		47
Land Development	$	6,443	$	10,444	$	5,738	$	3,708	$	2,214	$	2,408	$	2,493	$	—	$	33,448
Performing Loans	6,443		10,439		5,738		3,666		2,214		2,264		2,493		—		33,257
Non-Performing Loans	—		5		—		42		—		144		—		—		191
Installment loans to individuals	$	23,111	$	31,025	$	31,744	$	10,187	$	2,875	$	2,372	$	9,770	$	45	$	111,129
Performing Loans	23,055		30,940		31,661		10,162		2,857		2,330		9,770		25		110,800
Non-Performing Loans	56		85		83		25		18		42		—		20		329
Total loans not subject to risk rating	$	418,342	$	705,395	$	402,225	$	282,162	$	208,553	$	316,206	$	478,327	$	3,845	$	2,815,055
Performing Loans	418,148		704,838		399,043		278,217		206,317		312,930		477,644		3,680		2,800,817
Non-Performing Loans	194		557		3,182		3,945		2,236		3,276		683		165		14,238

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	33,805	$	16,455	$	10,381	$	6,396	$	2,826	$	7,201	$	245,485	$	305	$	322,854
Performing Loans	33,794		16,343		10,340		6,026		2,748		7,181		245,059		305		321,796
Non-Performing Loans	11		112		41		370		78		20		426		—		1,058
Lease Financing Receivables	$	32,150	$	25,270	$	10,999	$	4,231	$	1,040	$	2,172	$	—	$	—	$	75,862
Performing Loans	32,150		25,270		10,999		4,231		992		2,172		—		—		75,814
Non-Performing Loans	—		—		—		—		48		—		—		—		48
Real Estate - Construction	$	54,918	$	10,334	$	295	$	153	$	—	$	—	$	343	$	—	$	66,043
Residential	$	53,108	$	9,393	$	295	$	153	$	—	$	—	$	343	$	—	$	63,292
Performing Loans	53,108		9,393		295		153		—		—		343		—		63,292
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,810	$	941	$	—	$	—	$	—	$	—	$	—	$	—	$	2,751
Performing Loans	1,810		941		—		—		—		—		—		—		2,751
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	517,553	$	344,643	$	261,735	$	196,777	$	105,216	$	212,214	$	426,437	$	3,694	$	2,068,269
Primary	$	470,034	$	321,155	$	239,542	$	176,926	$	92,195	$	207,721	$	1,758	$	45	$	1,509,376
Performing Loans	470,034		318,929		235,816		175,219		91,479		205,530		1,747		45		1,498,799
Non-Performing Loans	—		2,226		3,726		1,707		716		2,191		11		—		10,577
Home Equity	$	—	$	203	$	372	$	—	$	45	$	799	$	421,838	$	3,119	$	426,376
Performing Loans	—		203		372		—		45		684		421,516		2,642		425,462
Non-Performing Loans	—		—		—		—		—		115		322		477		914
Rental/Investment	$	34,079	$	20,499	$	18,319	$	17,758	$	11,907	$	3,356	$	2,330	$	530	$	108,778
Performing Loans	34,079		20,404		18,245		17,595		11,901		3,196		2,330		530		108,280
Non-Performing Loans	—		95		74		163		6		160		—		—		498
Land Development	$	13,440	$	2,786	$	3,502	$	2,093	$	1,069	$	338	$	511	$	—	$	23,739
Performing Loans	13,440		2,786		3,502		2,062		1,069		338		511		—		23,708
Non-Performing Loans	—		—		—		31		—		—		—		—		31
Real Estate - Commercial Mortgage	$	81,953	$	71,063	$	56,193	$	47,013	$	35,801	$	15,679	$	10,772	$	488	$	318,962
Owner-Occupied	$	48,814	$	44,606	$	36,661	$	30,266	$	23,974	$	11,608	$	5,919	$	289	$	202,137
Performing Loans	48,814		44,344		36,349		30,097		23,885		11,216		5,904		289		200,898
Non-Performing Loans	—		262		312		169		89		392		15		—		1,239
Non-Owner Occupied	$	20,483	$	18,585	$	14,544	$	13,821	$	8,068	$	3,491	$	1,999	$	147	$	81,138
Performing Loans	20,483		18,460		14,486		13,821		8,068		3,439		1,999		147		80,903
Non-Performing Loans	—		125		58		—		—		52		—		—		235
Land Development	$	12,656	$	7,872	$	4,988	$	2,926	$	3,759	$	580	$	2,854	$	52	$	35,687
Performing Loans	12,656		7,872		4,988		2,922		3,759		466		2,854		52		35,569
Non-Performing Loans	—		—		—		4		—		114		—		—		118
Installment loans to individuals	$	60,133	$	57,198	$	13,704	$	4,019	$	2,459	$	1,535	$	10,661	$	59	$	149,768
Performing Loans	60,081		57,119		13,611		3,986		2,407		1,535		10,661		21		149,421
Non-Performing Loans	52		79		93		33		52		—		—		38		347
Total loans not subject to risk rating	$	780,512	$	524,963	$	353,307	$	258,589	$	147,342	$	238,801	$	693,698	$	4,546	$	3,001,758
Performing Loans	780,449		522,064		349,003		256,112		146,353		235,757		692,924		4,031		2,986,693
Non-Performing Loans	63		2,899		4,304		2,477		989		3,044		774		515		15,065

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	679	$	18,481	$	16,855	$	30,643	$	47,497	$	1,879	$	116,034
Pass	—		—		679		16,261		11,563		23,206		42,942		412		95,063
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		2,220		5,292		7,437		4,555		1,467		20,971
Real Estate - Construction	$	—	$	—	$	—	$	1,005	$	452	$	10,867	$	—	$	—	$	12,324
Residential	$	—	$	—	$	—	$	1,005	$	452	$	685	$	—	$	—	$	2,142
Pass	—		—		—		1,005		452		685		—		—		2,142
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	10,182	$	—	$	—	$	10,182
Pass	—		—		—		—		—		10,182		—		—		10,182
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	11,373	$	4,555	$	30,598	$	888	$	226	$	47,640
Primary	$	—	$	—	$	—	$	4,239	$	2,600	$	13,586	$	—	$	—	$	20,425
Pass	—		—		—		4,239		2,514		9,567		—		—		16,320
Special Mention	—		—		—		—		—		1,014		—		—		1,014
Substandard	—		—		—		—		86		3,005		—		—		3,091
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	651	$	226	$	877
Pass	—		—		—		—		—		—		162		—		162
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		489		226		715
Rental/Investment	$	—	$	—	$	—	$	—	$	1,841	$	14,415	$	237	$	—	$	16,493
Pass	—		—		—		—		1,841		13,564		87		—		15,492
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		851		150		—		1,001
Land Development	$	—	$	—	$	—	$	7,134	$	114	$	2,597	$	—	$	—	$	9,845
Pass	—		—		—		7,134		87		1,184		—		—		8,405
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		27		1,413		—		—		1,440

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	57,113	$	159,064	$	528,632	$	9,749	$	14,559	$	769,117
Owner-Occupied	$	—	$	—	$	—	$	14,682	$	33,181	$	217,414	$	3,174	$	2	$	268,453
Pass	—		—		—		14,682		29,288		193,496		3,166		—		240,632
Special Mention	—		—		—		—		1,582		1,971		—		—		3,553
Substandard	—		—		—		—		2,311		21,947		8		2		24,268
Non-Owner Occupied	$	—	$	—	$	—	$	40,506	$	122,120	$	297,530	$	6,380	$	14,557	$	481,093
Pass	—		—		—		24,133		114,441		254,147		6,380		—		399,101
Special Mention	—		—		—		—		—		10,570		—		—		10,570
Substandard	—		—		—		16,373		7,679		32,813		—		14,557		71,422
Land Development	$	—	$	—	$	—	$	1,925	$	3,763	$	13,688	$	195	$	—	$	19,571
Pass	—		—		—		1,925		3,763		7,522		195		—		13,405
Special Mention	—		—		—		—		—		5,253		—		—		5,253
Substandard	—		—		—		—		—		913		—		—		913
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	679	$	87,972	$	180,926	$	600,740	$	58,134	$	16,664	$	945,115
Pass	—		—		679		69,379		163,949		513,553		52,932		412		800,904
Special Mention	—		—		—		—		1,582		18,808		—		—		20,390
Substandard	—		—		—		18,593		15,395		68,379		5,202		16,252		123,821

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	711	$	28,242	$	27,222	$	22,377	$	20,759	$	64,563	$	1,788	$	165,662
Pass	—		711		24,211		20,930		17,240		16,880		56,736		409		137,117
Special Mention	—		—		357		97		104		—		—		—		558
Substandard	—		—		3,674		6,195		5,033		3,879		7,827		1,379		27,987
Real Estate - Construction	$	—	$	—	$	10,522	$	9,228	$	10,781	$	—	$	—	$	—	$	30,531
Residential	$	—	$	—	$	1,543	$	211	$	684	$	—	$	—	$	—	$	2,438
Pass	—		—		1,543		211		684		—		—		—		2,438
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	8,979	$	9,017	$	10,097	$	—	$	—	$	—	$	28,093
Pass	—		—		8,979		9,017		10,097		—		—		—		28,093
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	14,022	$	7,126	$	1,112	$	38,747	$	957	$	253	$	62,217
Primary	$	—	$	—	$	6,873	$	3,212	$	595	$	17,223	$	249	$	—	$	28,152
Pass	—		—		5,556		3,212		594		12,665		249		—		22,276
Special Mention	—		—		—		—		—		1,120		—		—		1,120
Substandard	—		—		1,317		—		1		3,438		—		—		4,756
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	697	$	253	$	950
Pass	—		—		—		—		—		—		59		—		59
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		638		253		891
Rental/Investment	$	—	$	—	$	—	$	1,883	$	232	$	18,275	$	9	$	—	$	20,399
Pass	—		—		—		1,883		232		16,139		9		—		18,263
Special Mention	—		—		—		—		—		44		—		—		44
Substandard	—		—		—		—		—		2,092		—		—		2,092
Land Development	$	—	$	—	$	7,149	$	2,031	$	285	$	3,249	$	2	$	—	$	12,716
Pass	—		—		7,149		2,009		285		1,793		2		—		11,238
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		22		—		1,456		—		—		1,478
Real Estate - Commercial Mortgage	$	—	$	—	$	76,557	$	153,960	$	171,487	$	435,073	$	22,631	$	4,688	$	864,396
Owner-Occupied	$	—	$	—	$	15,001	$	32,567	$	61,568	$	181,007	$	9,723	$	2	$	299,868
Pass	—		—		15,001		29,276		43,962		161,790		5,808		—		255,837
Special Mention	—		—		—		—		9,670		—		—		—		9,670
Substandard	—		—		—		3,291		7,936		19,217		3,915		2		34,361
Non-Owner Occupied	$	—	$	—	$	55,962	$	117,592	$	107,004	$	242,249	$	12,720	$	4,686	$	540,213
Pass	—		—		37,002		109,910		83,738		221,423		6,431		—		458,504
Special Mention	—		—		2,591		—		5,302		2,622		—		—		10,515
Substandard	—		—		16,369		7,682		17,964		18,204		6,289		4,686		71,194
Land Development	$	—	$	—	$	5,594	$	3,801	$	2,915	$	11,817	$	188	$	—	$	24,315
Pass	—		—		5,594		3,801		2,780		4,962		188		—		17,325
Special Mention	—		—		—		—		—		5,438		—		—		5,438
Substandard	—		—		—		—		135		1,417		—		—		1,552
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	711	$	129,343	$	197,536	$	205,757	$	494,579	$	88,151	$	6,729	$	1,122,806
Pass	—		711		105,035		180,249		159,612		435,652		69,482		409		951,150
Special Mention	—		—		2,948		97		15,076		9,224		—		—		27,345
Substandard	—		—		21,360		17,190		31,069		49,703		18,669		6,320		144,311

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	383	$	337	$	2,727	$	5,021	$	223	$	8,691
Performing Loans	—		—		—		383		337		2,727		5,001		223		8,671
Non-Performing Loans	—		—		—		—		—		—		20		—		20
Real Estate - Construction	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Residential	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Performing Loans	—		—		—		422		—		—		—		—		422
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	363	$	2,233	$	26,840	$	131,914	$	55,416	$	2,111	$	218,877
Primary	$	—	$	—	$	243	$	1,684	$	24,349	$	119,577	$	166	$	91	$	146,110
Performing Loans	—		—		243		1,574		23,741		115,772		166		22		141,518
Non-Performing Loans	—		—		—		110		608		3,805		—		69		4,592
Home Equity	$	—	$	—	$	—	$	549	$	2,295	$	2,109	$	55,238	$	2,020	$	62,211
Performing Loans	—		—		—		549		2,295		2,031		54,552		1,618		61,045
Non-Performing Loans	—		—		—		—		—		78		686		402		1,166
Rental/Investment	$	—	$	—	$	120	$	—	$	124	$	9,195	$	12	$	—	$	9,451
Performing Loans	—		—		120		—		124		9,112		12		—		9,368
Non-Performing Loans	—		—		—		—		—		83		—		—		83
Land Development	$	—	$	—	$	—	$	—	$	72	$	1,033	$	—	$	—	$	1,105
Performing Loans	—		—		—		—		72		1,033		—		—		1,105
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	331	$	1,199	$	1,112	$	33,778	$	1,323	$	—	$	37,743
Owner-Occupied	$	—	$	—	$	—	$	644	$	589	$	19,562	$	793	$	—	$	21,588
Performing Loans	—		—		—		644		589		19,301		793		—		21,327
Non-Performing Loans	—		—		—		—		—		261		—		—		261
Non-Owner Occupied	$	—	$	—	$	331	$	404	$	138	$	10,536	$	415	$	—	$	11,824
Performing Loans	—		—		331		404		—		10,409		415		—		11,559
Non-Performing Loans	—		—		—		—		138		127		—		—		265
Land Development	$	—	$	—	$	—	$	151	$	385	$	3,680	$	115	$	—	$	4,331
Performing Loans	—		—		—		151		385		3,625		115		—		4,276
Non-Performing Loans	—		—		—		—		—		55		—		—		55
Installment loans to individuals	$	—	$	—	$	—	$	26,952	$	12,424	$	4,625	$	1,785	$	64	$	45,850
Performing Loans	—		—		—		26,908		12,370		4,367		1,785		32		45,462
Non-Performing Loans	—		—		—		44		54		258		—		32		388
Total loans not subject to risk rating	$	—	$	—	$	694	$	31,189	$	40,713	$	173,044	$	63,545	$	2,398	$	311,583
Performing Loans	—		—		694		31,035		39,913		168,377		62,839		1,895		304,753
Non-Performing Loans	—		—		—		154		800		4,667		706		503		6,830

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	—	$	445	$	349	$	303	$	2,899	$	6,809	$	46	$	10,851
Performing Loans	—		—		445		349		303		2,899		6,784		46		10,826
Non-Performing Loans	—		—		—		—		—		—		25		—		25
Real Estate - Construction	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Residential	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Performing Loans	—		—		421		—		—		—		—		—		421
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	371	$	3,082	$	33,674	$	28,169	$	140,689	$	70,870	$	2,672	$	279,527
Primary	$	—	$	248	$	1,953	$	30,078	$	25,956	$	127,642	$	630	$	111	$	186,618
Performing Loans	—		248		1,842		29,321		25,935		122,970		630		25		180,971
Non-Performing Loans	—		—		111		757		21		4,672		—		86		5,647
Home Equity	$	—	$	—	$	742	$	3,324	$	1,668	$	1,027	$	70,120	$	2,561	$	79,442
Performing Loans	—		—		742		3,324		1,668		960		69,518		2,124		78,336
Non-Performing Loans	—		—		—		—		—		67		602		437		1,106
Rental/Investment	$	—	$	123	$	—	$	200	$	193	$	10,893	$	120	$	—	$	11,529
Performing Loans	—		123		—		200		193		10,800		120		—		11,436
Non-Performing Loans	—		—		—		—		—		93		—		—		93
Land Development	$	—	$	—	$	387	$	72	$	352	$	1,127	$	—	$	—	$	1,938
Performing Loans	—		—		387		30		117		1,127		—		—		1,661
Non-Performing Loans	—		—		—		42		235		—		—		—		277
Real Estate - Commercial Mortgage	$	—	$	337	$	597	$	1,063	$	982	$	35,946	$	1,902	$	—	$	40,827
Owner-Occupied	$	—	$	—	$	—	$	625	$	660	$	20,531	$	1,357	$	—	$	23,173
Performing Loans	—		—		—		625		660		20,253		1,357		—		22,895
Non-Performing Loans	—		—		—		—		—		278		—		—		278
Non-Owner Occupied	$	—	$	337	$	443	$	49	$	66	$	11,467	$	153	$	—	$	12,515
Performing Loans	—		337		443		49		66		11,331		153		—		12,379
Non-Performing Loans	—		—		—		—		—		136		—		—		136
Land Development	$	—	$	—	$	154	$	389	$	256	$	3,948	$	392	$	—	$	5,139
Performing Loans	—		—		154		389		256		3,890		392		—		5,081
Non-Performing Loans	—		—		—		—		—		58		—		—		58
Installment loans to individuals	$	—	$	—	$	34,976	$	15,497	$	1,118	$	4,348	$	3,676	$	60	$	59,675
Performing Loans	—		—		34,942		15,405		1,051		4,262		3,676		29		59,365
Non-Performing Loans	—		—		34		92		67		86		—		31		310
Total loans not subject to risk rating	$	—	$	708	$	39,521	$	50,583	$	30,572	$	183,882	$	83,257	$	2,778	$	391,301
Performing Loans	—		708		39,376		49,692		30,249		178,492		82,630		2,224		383,371
Non-Performing Loans	—		—		145		891		323		5,390		627		554		7,930

XML

Purchased Loans (Tables)

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Summary of purchased loans

The following is a summary of non purchased loans and leases as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural(1)	$	1,509,908	$	2,360,471
Lease financing	78,028		80,022
Real estate – construction:
Residential	274,599		243,814
Commercial	764,014		583,338
Total real estate – construction	1,038,613		827,152
Real estate – 1-4 family mortgage:
Primary	1,623,987		1,536,181
Home equity	426,845		432,768
Rental/investment	271,397		264,436
Land development	113,345		123,179
Total real estate – 1-4 family mortgage	2,435,574		2,356,564
Real estate – commercial mortgage:
Owner-occupied	1,373,150		1,334,765
Non-owner occupied	2,249,112		2,194,739
Land development	101,047		120,125
Total real estate – commercial mortgage	3,723,309		3,649,629
Installment loans to individuals	111,137		149,862
Gross loans	8,896,569		9,423,700
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	$	8,892,544	$	9,419,540

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 and $1,128,703 as of June 30, 2021 and December 31, 2020, respectively.

The following is a summary of purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	124,725	$	176,513
Real estate – construction:
Residential	2,564		2,859
Commercial	10,182		28,093
Total real estate – construction	12,746		30,952
Real estate – 1-4 family mortgage:
Primary	166,535		214,770
Home equity	63,088		80,392
Rental/investment	25,944		31,928
Land development	10,950		14,654
Total real estate – 1-4 family mortgage	266,517		341,744
Real estate – commercial mortgage:
Owner-occupied	290,041		323,041
Non-owner occupied	492,917		552,728
Land development	23,902		29,454
Total real estate – commercial mortgage	806,860		905,223
Installment loans to individuals	45,850		59,675
Loans	$	1,256,698	$	1,514,107

The following is a summary of total non purchased and purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	1,634,633	$	2,536,984
Lease financing	78,028		80,022
Real estate – construction:
Residential	277,163		246,673
Commercial	774,196		611,431
Total real estate – construction	1,051,359		858,104
Real estate – 1-4 family mortgage:
Primary	1,790,522		1,750,951
Home equity	489,933		513,160
Rental/investment	297,341		296,364
Land development	124,295		137,833
Total real estate – 1-4 family mortgage	2,702,091		2,698,308
Real estate – commercial mortgage:
Owner-occupied	1,663,191		1,657,806
Non-owner occupied	2,742,029		2,747,467
Land development	124,949		149,579
Total real estate – commercial mortgage	4,530,169		4,554,852
Installment loans to individuals	156,987		209,537
Gross loans	10,153,267		10,937,807
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	10,149,242		10,933,647
Allowance for credit losses on loans	(172,354)		(176,144)
Net loans	$	9,976,888	$	10,757,503

Aging of past due and nonaccrual loans

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	2,909	$	113	$	1,501,970	$	1,504,992	$	10	$	1,512	$	3,394	$	4,916	$	1,509,908
Lease financing	20		—		78,008		78,028		—		—		—		—		78,028
Real estate – construction:
Residential	—		—		274,599		274,599		—		—		—		—		274,599
Commercial	—		—		764,014		764,014		—		—		—		—		764,014
Total real estate – construction	—		—		1,038,613		1,038,613		—		—		—		—		1,038,613
Real estate – 1-4 family mortgage:
Primary	3,345		505		1,610,000		1,613,850		1,414		3,545		5,178		10,137		1,623,987
Home equity	975		—		425,225		426,200		30		446		169		645		426,845
Rental/investment	723		138		269,930		270,791		—		103		503		606		271,397
Land development	39		—		113,117		113,156		—		104		85		189		113,345
Total real estate – 1-4 family mortgage	5,082		643		2,418,272		2,423,997		1,444		4,198		5,935		11,577		2,435,574
Real estate – commercial mortgage:
Owner-occupied	2,342		—		1,368,353		1,370,695		477		706		1,272		2,455		1,373,150
Non-owner occupied	82		2		2,241,403		2,241,487		—		2,002		5,623		7,625		2,249,112
Land development	89		42		100,717		100,848		—		159		40		199		101,047
Total real estate – commercial mortgage	2,513		44		3,710,473		3,713,030		477		2,867		6,935		10,279		3,723,309
Installment loans to individuals	769		—		110,039		110,808		10		168		151		329		111,137
Unearned income	—		—		(4,025)		(4,025)		—		—		—		—		(4,025)
Loans, net of unearned income	$	11,293	$	800	$	8,853,350	$	8,865,443	$	1,941	$	8,745	$	16,415	$	27,101	$	8,892,544

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	1,124	$	231	$	2,354,716	$	2,356,071	$	164	$	1,804	$	2,432	$	4,400	$	2,360,471
Lease financing	—		—		79,974		79,974		—		48		—		48		80,022
Real estate – construction:
Residential	—		—		243,317		243,317		—		497		—		497		243,814
Commercial	—		—		583,338		583,338		—		—		—		—		583,338
Total real estate – construction	—		—		826,655		826,655		—		497		—		497		827,152
Real estate – 1-4 family mortgage:
Primary	11,889		1,754		1,513,716		1,527,359		1,865		2,744		4,213		8,822		1,536,181
Home equity	1,152		360		430,702		432,214		66		111		377		554		432,768
Rental/investment	663		210		263,064		263,937		61		194		244		499		264,436
Land development	97		—		123,051		123,148		—		—		31		31		123,179
Total real estate – 1-4 family mortgage	13,801		2,324		2,330,533		2,346,658		1,992		3,049		4,865		9,906		2,356,564
Real estate – commercial mortgage:
Owner-occupied	779		795		1,330,155		1,331,729		—		2,598		438		3,036		1,334,765
Non-owner occupied	922		127		2,191,440		2,192,489		—		2,197		53		2,250		2,194,739
Land development	113		115		119,820		120,048		44		29		4		77		120,125
Total real estate – commercial mortgage	1,814		1,037		3,641,415		3,644,266		44		4,824		495		5,363		3,649,629
Installment loans to individuals	896		191		148,620		149,707		4		117		34		155		149,862
Unearned income	—		—		(4,160)		(4,160)		—		—		—		—		(4,160)
Loans, net of unearned income	$	17,635	$	3,783	$	9,377,753	$	9,399,171	$	2,204	$	10,339	$	7,826	$	20,369	$	9,419,540

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
June 30, 2021
Commercial, financial, agricultural	$	376	$	—	$	113,802	$	114,178	$	1,293	$	1,698	$	7,556	$	10,547	$	124,725
Real estate – construction:
Residential	46		—		2,518		2,564		—		—		—		—		2,564
Commercial	—		—		10,182		10,182		—		—		—		—		10,182
Total real estate – construction	46		—		12,700		12,746		—		—		—		—		12,746
Real estate – 1-4 family mortgage:
Primary	1,530		37		160,292		161,859		625		1,958		2,093		4,676		166,535
Home equity	555		—		61,140		61,695		36		680		677		1,393		63,088
Rental/investment	104		—		25,730		25,834		41		56		13		110		25,944
Land development	100		—		10,838		10,938		—		—		12		12		10,950
Total real estate – 1-4 family mortgage	2,289		37		258,000		260,326		702		2,694		2,795		6,191		266,517
Real estate – commercial mortgage:
Owner-occupied	60		—		287,642		287,702		89		654		1,596		2,339		290,041
Non-owner occupied	—		845		484,120		484,965		—		—		7,952		7,952		492,917
Land development	86		55		23,481		23,622		—		138		142		280		23,902
Total real estate – commercial mortgage	146		900		795,243		796,289		89		792		9,690		10,571		806,860
Installment loans to individuals	926		8		44,535		45,469		12		148		221		381		45,850
Loans, net of unearned income	$	3,783	$	945	$	1,224,280	$	1,229,008	$	2,096	$	5,332	$	20,262	$	27,690	$	1,256,698

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2020
Commercial, financial, agricultural	$	818	$	101	$	163,658	$	164,577	$	74	$	2,024	$	9,838	$	11,936	$	176,513
Real estate – construction:
Residential	—		—		2,859		2,859		—		—		—		—		2,859
Commercial	—		—		28,093		28,093		—		—		—		—		28,093
Total real estate – construction	—		—		30,952		30,952		—		—		—		—		30,952
Real estate – 1-4 family mortgage:
Primary	2,394		74		206,635		209,103		687		2,799		2,181		5,667		214,770
Home equity	294		43		78,739		79,076		4		674		638		1,316		80,392
Rental/investment	180		14		30,931		31,125		—		724		79		803		31,928
Land development	109		—		14,231		14,340		—		—		314		314		14,654
Total real estate – 1-4 family mortgage	2,977		131		330,536		333,644		691		4,197		3,212		8,100		341,744
Real estate – commercial mortgage:
Owner-occupied	2,511		—		317,997		320,508		193		447		1,893		2,533		323,041
Non-owner occupied	207		—		544,694		544,901		7,682		—		145		7,827		552,728
Land development	112		—		28,962		29,074		—		164		216		380		29,454
Total real estate – commercial mortgage	2,830		—		891,653		894,483		7,875		611		2,254		10,740		905,223
Installment loans to individuals	2,026		35		57,339		59,400		31		136		108		275		59,675
Loans, net of unearned income	$	8,651	$	267	$	1,474,138	$	1,483,056	$	8,671	$	6,968	$	15,412	$	31,051	$	1,514,107

Impact of modifications classified as restructured loans

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	9	1,371		1,377
Total	15	$	6,599	$	6,605
Three months ended June 30, 2020
Commercial, financial, agricultural	4	$	933	$	930
Real estate – 1-4 family mortgage:
Primary	12	1,709		1,714
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	13	1,818		1,824
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	21	$	5,627	$	5,577

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	6	$	5,228	$	5,228
Real estate – 1-4 family mortgage:
Primary	12	1,803		1,812
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	19	$	7,868	$	7,850
Six months ended June 30, 2020
Commercial, financial, agricultural	6	$	1,831	$	1,828
Real estate – 1-4 family mortgage:
Primary	15	2,155		2,163
Rental/investment	1	109		110
Total real estate – 1-4 family mortgage	16	2,264		2,273
Real estate – commercial mortgage:
Owner-occupied	1	2,663		2,613
Non-owner occupied	1	189		189
Total real estate – commercial mortgage	2	2,852		2,802
Installment loans to individuals	2	24		21
Total	26	$	6,971	$	6,924

The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end.

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Three months ended June 30, 2021
Real estate – 1-4 family mortgage:
Primary	1	862		862
Three months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	1	$	66	$	68
Home equity	1	159		162
Total real estate – 1-4 family mortgage	2	225		230
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	6	$	1,890	$	1,893

	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Six months ended June 30, 2021
Commercial, financial, agricultural	1	$	135	$	135
Real estate – 1-4 family mortgage:
Primary	1	862		862
Total	2	$	997	$	997
Six months ended June 30, 2020
Commercial, financial, agricultural	1	$	1,029	$	1,031
Real estate – 1-4 family mortgage:
Primary	2	290		183
Home equity	1	159		162
Total real estate – 1-4 family mortgage	3	449		345
Real estate – commercial mortgage:
Owner-occupied	1	69		69
Non-owner occupied	1	542		544
Total real estate – commercial mortgage	2	611		613
Installment loans to individuals	1	25		19
Total	7	$	2,114	$	2,008

Changes in restructured loans

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	76	$	11,761
Additional advances or loans with concessions	19	7,865
Reclassified as performing restructured loan	1	35
Reductions due to:
Reclassified as nonperforming	(1)	(179)
Paid in full	(5)	(428)
Principal paydowns	—	(216)
Totals at June 30, 2021	90	$	18,838

Changes in the Company’s restructured loans are set forth in the table below:

	Number of Loans	Recorded Investment
Totals at January 1, 2021	48	$	8,687
Additional advances or loans with concessions	2	1,236
Reductions due to:
Reclassified to nonperforming loans	(3)	(2,470)
Paid in full	(4)	(1,222)
Charge-offs	(1)	(205)
Principal paydowns	—	(154)
Totals at June 30, 2021	42	$	5,872

Loan portfolio by risk-rating grades

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	161,337	$	521,228	$	171,979	$	61,489	$	30,000	$	17,698	$	441,033	$	2,941	$	1,407,705
Pass	160,584		520,874		168,388		58,126		24,990		15,221		439,248		2,137		1,389,568
Special Mention	—		115		2,527		298		673		1,410		252		—		5,275
Substandard	753		239		1,064		3,065		4,337		1,067		1,533		804		12,862
Real Estate - Construction	$	221,640	$	407,728	$	293,244	$	29,050	$	149	$	—	$	6,907	$	5,803	$	964,521
Residential	$	130,319	$	58,469	$	2,093	$	—	$	—	$	—	$	6,907	$	5,803	$	203,591
Pass	130,319		57,922		2,093		—		—		—		6,907		5,803		203,044
Special Mention	—		547		—		—		—		—		—		—		547
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	91,321	$	349,259	$	291,151	$	29,050	$	149	$	—	$	—	$	—	$	760,930
Pass	91,321		349,259		286,471		29,050		149		—		—		—		756,250
Special Mention	—		—		4,680		—		—		—		—		—		4,680
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	83,874	$	82,347	$	57,180	$	22,817	$	19,601	$	12,129	$	13,870	$	538	$	292,356
Primary	$	6,270	$	7,639	$	4,917	$	3,754	$	3,913	$	972	$	4,930	$	—	$	32,395
Pass	6,270		7,639		4,131		3,754		3,913		960		4,930		—		31,597
Special Mention	—		—		120		—		—		—		—		—		120
Substandard	—		—		666		—		—		12		—		—		678
Home Equity	$	1,171	$	200	$	—	$	—	$	—	$	—	$	3,676	$	—	$	5,047
Pass	1,171		200		—		—		—		—		3,676		—		5,047
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	46,639	$	48,640	$	24,234	$	18,526	$	15,448	$	10,668	$	985	$	538	$	165,678

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	46,619		48,541		23,172		18,394		15,324		10,326		985		538		163,899
Special Mention	—		—		—		—		—		74		—		—		74
Substandard	20		99		1,062		132		124		268		—		—		1,705
Land Development	$	29,794	$	25,868	$	28,029	$	537	$	240	$	489	$	4,279	$	—	$	89,236
Pass	29,794		23,192		27,922		537		240		489		4,279		—		86,453
Special Mention	—		2,676		—		—		—		—		—		—		2,676
Substandard	—		—		107		—		—		—		—		—		107
Real Estate - Commercial Mortgage	$	401,283	$	910,479	$	734,366	$	398,252	$	344,733	$	502,800	$	99,932	$	21,054	$	3,412,899
Owner-Occupied	$	145,768	$	297,847	$	226,086	$	165,077	$	143,037	$	155,885	$	33,928	$	9,132	$	1,176,760
Pass	144,957		295,064		224,524		160,888		136,955		146,755		33,562		7,395		1,150,100
Special Mention	—		2,205		832		—		1,877		5,568		351		1,737		12,570
Substandard	811		578		730		4,189		4,205		3,562		15		—		14,090
Non-Owner Occupied	$	241,893	$	591,175	$	493,814	$	227,568	$	198,930	$	343,230	$	60,008	$	11,922	$	2,168,540
Pass	240,138		582,245		484,917		214,227		154,425		311,334		60,008		11,922		2,059,216
Special Mention	1,545		8,930		246		13,341		38,928		16,081		—		—		79,071
Substandard	210		—		8,651		—		5,577		15,815		—		—		30,253
Land Development	$	13,622	$	21,457	$	14,466	$	5,607	$	2,766	$	3,685	$	5,996	$	—	$	67,599
Pass	13,577		19,325		14,466		5,607		2,707		3,674		5,996		—		65,352
Special Mention	45		—		—		—		59		—		—		—		104
Substandard	—		2,132		—		—		—		11		—		—		2,143
Installment loans to individuals	$	—	$	6	$	2	$	—	$	—	$	—	$	—	$	—	$	8
Pass	—		6		2		—		—		—		—		—		8
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	868,134	$	1,921,788	$	1,256,771	$	511,608	$	394,483	$	532,627	$	561,742	$	30,336	$	6,077,489
Pass	864,750		1,904,267		1,236,086		490,583		338,703		488,759		559,591		27,795		5,910,534
Special Mention	1,590		14,473		8,405		13,639		41,537		23,133		603		1,737		105,117
Substandard	1,794		3,048		12,280		7,386		14,243		20,735		1,548		804		61,838

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	1,448,273	$	183,627	$	76,912	$	36,866	$	18,124	$	15,844	$	255,522	$	2,449	$	2,037,617
Pass	1,447,594		180,979		73,325		31,362		16,308		14,626		250,528		1,562		2,016,284
Special Mention	128		1,952		2,091		3,850		1,416		109		187		—		9,733
Substandard	551		696		1,496		1,654		400		1,109		4,807		887		11,600
Real Estate - Construction	$	398,891	$	266,471	$	52,520	$	29,300	$	—	$	—	$	13,927	$	—	$	761,109
Residential	$	154,649	$	9,836	$	2,114	$	—	$	—	$	—	$	13,923	$	—	$	180,522
Pass	154,419		9,339		2,114		—		—		—		13,923		—		179,795
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	230		497		—		—		—		—		—		—		727
Commercial	$	244,242	$	256,635	$	50,406	$	29,300	$	—	$	—	$	4	$	—	$	580,587
Pass	244,242		251,937		50,406		29,300		—		—		4		—		575,889

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Special Mention	—		4,698		—		—		—		—		—		—		4,698
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	110,246	$	78,482	$	36,613	$	30,018	$	13,197	$	7,172	$	10,658	$	1,909	$	288,295
Primary	$	9,422	$	6,691	$	3,988	$	4,644	$	371	$	1,060	$	629	$	—	$	26,805
Pass	9,422		5,870		3,988		4,644		371		1,045		629		—		25,969
Special Mention	—		125		—		—		—		—		—		—		125
Substandard	—		696		—		—		—		15		—		—		711
Home Equity	$	157	$	184	$	—	$	—	$	—	$	—	$	6,051	$	—	$	6,392
Pass	157		184		—		—		—		—		6,051		—		6,392
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	50,558	$	32,656	$	27,483	$	25,019	$	12,620	$	5,699	$	1,066	$	557	$	155,658
Pass	50,371		31,724		26,695		24,872		12,439		5,166		1,066		557		152,890
Special Mention	—		—		—		83		77		133		—		—		293
Substandard	187		932		788		64		104		400		—		—		2,475
Land Development	$	50,109	$	38,951	$	5,142	$	355	$	206	$	413	$	2,912	$	1,352	$	99,440
Pass	50,109		38,388		5,142		355		203		413		2,912		1,352		98,874
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		563		—		—		3		—		—		—		566
Real Estate - Commercial Mortgage	$	967,746	$	801,083	$	444,205	$	402,110	$	340,774	$	277,789	$	76,115	$	20,845	$	3,330,667
Owner-Occupied	$	295,642	$	256,807	$	199,082	$	169,527	$	99,540	$	85,614	$	16,683	$	9,733	$	1,132,628
Pass	293,851		255,206		193,716		163,358		96,128		83,582		16,043		7,896		1,109,780
Special Mention	1,167		847		—		2,067		228		311		—		1,837		6,457
Substandard	624		754		5,366		4,102		3,184		1,721		640		—		16,391
Non-Owner Occupied	$	635,232	$	522,998	$	237,075	$	229,304	$	236,347	$	189,077	$	52,456	$	11,112	$	2,113,601
Pass	624,289		514,030		237,075		184,673		218,106		175,702		52,456		11,112		2,017,443
Special Mention	9,105		—		—		39,007		4,688		10,788		—		—		63,588
Substandard	1,838		8,968		—		5,624		13,553		2,587		—		—		32,570
Land Development	$	36,872	$	21,278	$	8,048	$	3,279	$	4,887	$	3,098	$	6,976	$	—	$	84,438
Pass	34,719		21,278		6,925		3,210		3,274		3,098		6,976		—		79,480
Special Mention	—		—		1,123		69		46		—		—		—		1,238
Substandard	2,153		—		—		—		1,567		—		—		—		3,720
Installment loans to individuals	$	74	$	4	$	—	$	—	$	—	$	—	$	—	$	16	$	94
Pass	74		4		—		—		—		—		—		16		94
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,925,230	$	1,329,667	$	610,250	$	498,294	$	372,095	$	300,805	$	356,222	$	25,219	$	6,417,782
Pass	2,909,247		1,308,939		599,386		441,774		346,829		283,632		350,588		22,495		6,262,890
Special Mention	10,400		7,622		3,214		45,076		6,455		11,341		187		1,837		86,132
Substandard	5,583		13,106		7,650		11,444		18,811		5,832		5,447		887		68,760

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	15,099	$	16,477	$	11,460	$	7,023	$	4,389	$	11,052	$	36,398	$	305	$	102,203
Performing Loans	15,099		16,477		11,313		6,915		4,174		10,969		36,151		305		101,403
Non-Performing Loans	—		—		147		108		215		83		247		—		800
Lease Financing Receivables	$	14,387	$	25,526	$	19,722	$	9,276	$	3,046	$	2,046	$	—	$	—	$	74,003
Performing Loans	14,387		25,526		19,722		9,276		3,046		2,046		—		—		74,003
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	20,974	$	50,321	$	2,777	$	—	$	20	$	—	$	—	$	—	$	74,092
Residential	$	19,370	$	49,080	$	2,538	$	—	$	20	$	—	$	—	$	—	$	71,008
Performing Loans	19,370		49,080		2,538		—		20		—		—		—		71,008
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,604	$	1,241	$	239	$	—	$	—	$	—	$	—	$	—	$	3,084
Performing Loans	1,604		1,241		239		—		—		—		—		—		3,084
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	295,117	$	508,702	$	274,815	$	210,531	$	159,432	$	268,946	$	422,623	$	3,052	$	2,143,218
Primary	$	267,460	$	468,784	$	257,747	$	192,337	$	143,698	$	259,743	$	1,823	$	—	$	1,591,592
Performing Loans	267,460		468,317		255,346		188,569		142,013		257,432		1,812		—		1,580,949
Non-Performing Loans	—		467		2,401		3,768		1,685		2,311		11		—		10,643
Home Equity	$	342	$	—	$	124	$	364	$	—	$	614	$	417,798	$	2,556	$	421,798
Performing Loans	342		—		124		364		—		538		417,373		2,411		421,152
Non-Performing Loans	—		—		—		—		—		76		425		145		646
Rental/Investment	$	19,972	$	29,786	$	15,217	$	15,178	$	14,417	$	7,991	$	2,662	$	496	$	105,719
Performing Loans	19,834		29,786		15,143		15,178		14,340		7,826		2,662		496		105,265
Non-Performing Loans	138		—		74		—		77		165		—		—		454
Land Development	$	7,343	$	10,132	$	1,727	$	2,652	$	1,317	$	598	$	340	$	—	$	24,109
Performing Loans	7,343		10,132		1,727		2,650		1,234		494		340		—		23,920
Non-Performing Loans	—		—		—		2		83		104		—		—		189
Real Estate - Commercial Mortgage	$	49,654	$	73,344	$	61,707	$	45,145	$	38,791	$	31,790	$	9,536	$	443	$	310,410
Owner-Occupied	$	28,626	$	45,009	$	39,590	$	29,545	$	26,029	$	22,529	$	4,762	$	300	$	196,390
Performing Loans	28,626		45,009		39,113		29,545		25,871		22,225		4,762		300		195,451
Non-Performing Loans	—		—		477		—		158		304		—		—		939
Non-Owner Occupied	$	14,585	$	17,891	$	16,379	$	11,892	$	10,548	$	6,853	$	2,281	$	143	$	80,572
Performing Loans	14,585		17,891		16,379		11,892		10,548		6,806		2,281		143		80,525
Non-Performing Loans	—		—		—		—		—		47		—		—		47
Land Development	$	6,443	$	10,444	$	5,738	$	3,708	$	2,214	$	2,408	$	2,493	$	—	$	33,448
Performing Loans	6,443		10,439		5,738		3,666		2,214		2,264		2,493		—		33,257
Non-Performing Loans	—		5		—		42		—		144		—		—		191
Installment loans to individuals	$	23,111	$	31,025	$	31,744	$	10,187	$	2,875	$	2,372	$	9,770	$	45	$	111,129
Performing Loans	23,055		30,940		31,661		10,162		2,857		2,330		9,770		25		110,800
Non-Performing Loans	56		85		83		25		18		42		—		20		329
Total loans not subject to risk rating	$	418,342	$	705,395	$	402,225	$	282,162	$	208,553	$	316,206	$	478,327	$	3,845	$	2,815,055
Performing Loans	418,148		704,838		399,043		278,217		206,317		312,930		477,644		3,680		2,800,817
Non-Performing Loans	194		557		3,182		3,945		2,236		3,276		683		165		14,238

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	33,805	$	16,455	$	10,381	$	6,396	$	2,826	$	7,201	$	245,485	$	305	$	322,854
Performing Loans	33,794		16,343		10,340		6,026		2,748		7,181		245,059		305		321,796
Non-Performing Loans	11		112		41		370		78		20		426		—		1,058
Lease Financing Receivables	$	32,150	$	25,270	$	10,999	$	4,231	$	1,040	$	2,172	$	—	$	—	$	75,862
Performing Loans	32,150		25,270		10,999		4,231		992		2,172		—		—		75,814
Non-Performing Loans	—		—		—		—		48		—		—		—		48
Real Estate - Construction	$	54,918	$	10,334	$	295	$	153	$	—	$	—	$	343	$	—	$	66,043
Residential	$	53,108	$	9,393	$	295	$	153	$	—	$	—	$	343	$	—	$	63,292
Performing Loans	53,108		9,393		295		153		—		—		343		—		63,292
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	1,810	$	941	$	—	$	—	$	—	$	—	$	—	$	—	$	2,751
Performing Loans	1,810		941		—		—		—		—		—		—		2,751
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	517,553	$	344,643	$	261,735	$	196,777	$	105,216	$	212,214	$	426,437	$	3,694	$	2,068,269
Primary	$	470,034	$	321,155	$	239,542	$	176,926	$	92,195	$	207,721	$	1,758	$	45	$	1,509,376
Performing Loans	470,034		318,929		235,816		175,219		91,479		205,530		1,747		45		1,498,799
Non-Performing Loans	—		2,226		3,726		1,707		716		2,191		11		—		10,577
Home Equity	$	—	$	203	$	372	$	—	$	45	$	799	$	421,838	$	3,119	$	426,376
Performing Loans	—		203		372		—		45		684		421,516		2,642		425,462
Non-Performing Loans	—		—		—		—		—		115		322		477		914
Rental/Investment	$	34,079	$	20,499	$	18,319	$	17,758	$	11,907	$	3,356	$	2,330	$	530	$	108,778
Performing Loans	34,079		20,404		18,245		17,595		11,901		3,196		2,330		530		108,280
Non-Performing Loans	—		95		74		163		6		160		—		—		498
Land Development	$	13,440	$	2,786	$	3,502	$	2,093	$	1,069	$	338	$	511	$	—	$	23,739
Performing Loans	13,440		2,786		3,502		2,062		1,069		338		511		—		23,708
Non-Performing Loans	—		—		—		31		—		—		—		—		31
Real Estate - Commercial Mortgage	$	81,953	$	71,063	$	56,193	$	47,013	$	35,801	$	15,679	$	10,772	$	488	$	318,962
Owner-Occupied	$	48,814	$	44,606	$	36,661	$	30,266	$	23,974	$	11,608	$	5,919	$	289	$	202,137
Performing Loans	48,814		44,344		36,349		30,097		23,885		11,216		5,904		289		200,898
Non-Performing Loans	—		262		312		169		89		392		15		—		1,239
Non-Owner Occupied	$	20,483	$	18,585	$	14,544	$	13,821	$	8,068	$	3,491	$	1,999	$	147	$	81,138
Performing Loans	20,483		18,460		14,486		13,821		8,068		3,439		1,999		147		80,903
Non-Performing Loans	—		125		58		—		—		52		—		—		235
Land Development	$	12,656	$	7,872	$	4,988	$	2,926	$	3,759	$	580	$	2,854	$	52	$	35,687
Performing Loans	12,656		7,872		4,988		2,922		3,759		466		2,854		52		35,569
Non-Performing Loans	—		—		—		4		—		114		—		—		118
Installment loans to individuals	$	60,133	$	57,198	$	13,704	$	4,019	$	2,459	$	1,535	$	10,661	$	59	$	149,768
Performing Loans	60,081		57,119		13,611		3,986		2,407		1,535		10,661		21		149,421
Non-Performing Loans	52		79		93		33		52		—		—		38		347
Total loans not subject to risk rating	$	780,512	$	524,963	$	353,307	$	258,589	$	147,342	$	238,801	$	693,698	$	4,546	$	3,001,758
Performing Loans	780,449		522,064		349,003		256,112		146,353		235,757		692,924		4,031		2,986,693
Non-Performing Loans	63		2,899		4,304		2,477		989		3,044		774		515		15,065

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	679	$	18,481	$	16,855	$	30,643	$	47,497	$	1,879	$	116,034
Pass	—		—		679		16,261		11,563		23,206		42,942		412		95,063
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		2,220		5,292		7,437		4,555		1,467		20,971
Real Estate - Construction	$	—	$	—	$	—	$	1,005	$	452	$	10,867	$	—	$	—	$	12,324
Residential	$	—	$	—	$	—	$	1,005	$	452	$	685	$	—	$	—	$	2,142
Pass	—		—		—		1,005		452		685		—		—		2,142
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	10,182	$	—	$	—	$	10,182
Pass	—		—		—		—		—		10,182		—		—		10,182
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	11,373	$	4,555	$	30,598	$	888	$	226	$	47,640
Primary	$	—	$	—	$	—	$	4,239	$	2,600	$	13,586	$	—	$	—	$	20,425
Pass	—		—		—		4,239		2,514		9,567		—		—		16,320
Special Mention	—		—		—		—		—		1,014		—		—		1,014
Substandard	—		—		—		—		86		3,005		—		—		3,091
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	651	$	226	$	877
Pass	—		—		—		—		—		—		162		—		162
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		489		226		715
Rental/Investment	$	—	$	—	$	—	$	—	$	1,841	$	14,415	$	237	$	—	$	16,493
Pass	—		—		—		—		1,841		13,564		87		—		15,492
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		851		150		—		1,001
Land Development	$	—	$	—	$	—	$	7,134	$	114	$	2,597	$	—	$	—	$	9,845
Pass	—		—		—		7,134		87		1,184		—		—		8,405
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		27		1,413		—		—		1,440

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	57,113	$	159,064	$	528,632	$	9,749	$	14,559	$	769,117
Owner-Occupied	$	—	$	—	$	—	$	14,682	$	33,181	$	217,414	$	3,174	$	2	$	268,453
Pass	—		—		—		14,682		29,288		193,496		3,166		—		240,632
Special Mention	—		—		—		—		1,582		1,971		—		—		3,553
Substandard	—		—		—		—		2,311		21,947		8		2		24,268
Non-Owner Occupied	$	—	$	—	$	—	$	40,506	$	122,120	$	297,530	$	6,380	$	14,557	$	481,093
Pass	—		—		—		24,133		114,441		254,147		6,380		—		399,101
Special Mention	—		—		—		—		—		10,570		—		—		10,570
Substandard	—		—		—		16,373		7,679		32,813		—		14,557		71,422
Land Development	$	—	$	—	$	—	$	1,925	$	3,763	$	13,688	$	195	$	—	$	19,571
Pass	—		—		—		1,925		3,763		7,522		195		—		13,405
Special Mention	—		—		—		—		—		5,253		—		—		5,253
Substandard	—		—		—		—		—		913		—		—		913
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	679	$	87,972	$	180,926	$	600,740	$	58,134	$	16,664	$	945,115
Pass	—		—		679		69,379		163,949		513,553		52,932		412		800,904
Special Mention	—		—		—		—		1,582		18,808		—		—		20,390
Substandard	—		—		—		18,593		15,395		68,379		5,202		16,252		123,821

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	711	$	28,242	$	27,222	$	22,377	$	20,759	$	64,563	$	1,788	$	165,662
Pass	—		711		24,211		20,930		17,240		16,880		56,736		409		137,117
Special Mention	—		—		357		97		104		—		—		—		558
Substandard	—		—		3,674		6,195		5,033		3,879		7,827		1,379		27,987
Real Estate - Construction	$	—	$	—	$	10,522	$	9,228	$	10,781	$	—	$	—	$	—	$	30,531
Residential	$	—	$	—	$	1,543	$	211	$	684	$	—	$	—	$	—	$	2,438
Pass	—		—		1,543		211		684		—		—		—		2,438
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	8,979	$	9,017	$	10,097	$	—	$	—	$	—	$	28,093
Pass	—		—		8,979		9,017		10,097		—		—		—		28,093
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	14,022	$	7,126	$	1,112	$	38,747	$	957	$	253	$	62,217
Primary	$	—	$	—	$	6,873	$	3,212	$	595	$	17,223	$	249	$	—	$	28,152
Pass	—		—		5,556		3,212		594		12,665		249		—		22,276
Special Mention	—		—		—		—		—		1,120		—		—		1,120
Substandard	—		—		1,317		—		1		3,438		—		—		4,756
Home Equity	$	—	$	—	$	—	$	—	$	—	$	—	$	697	$	253	$	950
Pass	—		—		—		—		—		—		59		—		59
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		638		253		891
Rental/Investment	$	—	$	—	$	—	$	1,883	$	232	$	18,275	$	9	$	—	$	20,399
Pass	—		—		—		1,883		232		16,139		9		—		18,263
Special Mention	—		—		—		—		—		44		—		—		44
Substandard	—		—		—		—		—		2,092		—		—		2,092
Land Development	$	—	$	—	$	7,149	$	2,031	$	285	$	3,249	$	2	$	—	$	12,716
Pass	—		—		7,149		2,009		285		1,793		2		—		11,238
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		22		—		1,456		—		—		1,478
Real Estate - Commercial Mortgage	$	—	$	—	$	76,557	$	153,960	$	171,487	$	435,073	$	22,631	$	4,688	$	864,396
Owner-Occupied	$	—	$	—	$	15,001	$	32,567	$	61,568	$	181,007	$	9,723	$	2	$	299,868
Pass	—		—		15,001		29,276		43,962		161,790		5,808		—		255,837
Special Mention	—		—		—		—		9,670		—		—		—		9,670
Substandard	—		—		—		3,291		7,936		19,217		3,915		2		34,361
Non-Owner Occupied	$	—	$	—	$	55,962	$	117,592	$	107,004	$	242,249	$	12,720	$	4,686	$	540,213
Pass	—		—		37,002		109,910		83,738		221,423		6,431		—		458,504
Special Mention	—		—		2,591		—		5,302		2,622		—		—		10,515
Substandard	—		—		16,369		7,682		17,964		18,204		6,289		4,686		71,194
Land Development	$	—	$	—	$	5,594	$	3,801	$	2,915	$	11,817	$	188	$	—	$	24,315
Pass	—		—		5,594		3,801		2,780		4,962		188		—		17,325
Special Mention	—		—		—		—		—		5,438		—		—		5,438
Substandard	—		—		—		—		135		1,417		—		—		1,552
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	711	$	129,343	$	197,536	$	205,757	$	494,579	$	88,151	$	6,729	$	1,122,806
Pass	—		711		105,035		180,249		159,612		435,652		69,482		409		951,150
Special Mention	—		—		2,948		97		15,076		9,224		—		—		27,345
Substandard	—		—		21,360		17,190		31,069		49,703		18,669		6,320		144,311

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date:

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
June 30, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	383	$	337	$	2,727	$	5,021	$	223	$	8,691
Performing Loans	—		—		—		383		337		2,727		5,001		223		8,671
Non-Performing Loans	—		—		—		—		—		—		20		—		20
Real Estate - Construction	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Residential	$	—	$	—	$	—	$	422	$	—	$	—	$	—	$	—	$	422
Performing Loans	—		—		—		422		—		—		—		—		422
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	363	$	2,233	$	26,840	$	131,914	$	55,416	$	2,111	$	218,877
Primary	$	—	$	—	$	243	$	1,684	$	24,349	$	119,577	$	166	$	91	$	146,110
Performing Loans	—		—		243		1,574		23,741		115,772		166		22		141,518
Non-Performing Loans	—		—		—		110		608		3,805		—		69		4,592
Home Equity	$	—	$	—	$	—	$	549	$	2,295	$	2,109	$	55,238	$	2,020	$	62,211
Performing Loans	—		—		—		549		2,295		2,031		54,552		1,618		61,045
Non-Performing Loans	—		—		—		—		—		78		686		402		1,166
Rental/Investment	$	—	$	—	$	120	$	—	$	124	$	9,195	$	12	$	—	$	9,451
Performing Loans	—		—		120		—		124		9,112		12		—		9,368
Non-Performing Loans	—		—		—		—		—		83		—		—		83
Land Development	$	—	$	—	$	—	$	—	$	72	$	1,033	$	—	$	—	$	1,105
Performing Loans	—		—		—		—		72		1,033		—		—		1,105
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	331	$	1,199	$	1,112	$	33,778	$	1,323	$	—	$	37,743
Owner-Occupied	$	—	$	—	$	—	$	644	$	589	$	19,562	$	793	$	—	$	21,588
Performing Loans	—		—		—		644		589		19,301		793		—		21,327
Non-Performing Loans	—		—		—		—		—		261		—		—		261
Non-Owner Occupied	$	—	$	—	$	331	$	404	$	138	$	10,536	$	415	$	—	$	11,824
Performing Loans	—		—		331		404		—		10,409		415		—		11,559
Non-Performing Loans	—		—		—		—		138		127		—		—		265
Land Development	$	—	$	—	$	—	$	151	$	385	$	3,680	$	115	$	—	$	4,331
Performing Loans	—		—		—		151		385		3,625		115		—		4,276
Non-Performing Loans	—		—		—		—		—		55		—		—		55
Installment loans to individuals	$	—	$	—	$	—	$	26,952	$	12,424	$	4,625	$	1,785	$	64	$	45,850
Performing Loans	—		—		—		26,908		12,370		4,367		1,785		32		45,462
Non-Performing Loans	—		—		—		44		54		258		—		32		388
Total loans not subject to risk rating	$	—	$	—	$	694	$	31,189	$	40,713	$	173,044	$	63,545	$	2,398	$	311,583
Performing Loans	—		—		694		31,035		39,913		168,377		62,839		1,895		304,753
Non-Performing Loans	—		—		—		154		800		4,667		706		503		6,830

	Term Loans Amortized Cost Basis by Origination Year
	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2020
Commercial, Financial, Agricultural	$	—	$	—	$	445	$	349	$	303	$	2,899	$	6,809	$	46	$	10,851
Performing Loans	—		—		445		349		303		2,899		6,784		46		10,826
Non-Performing Loans	—		—		—		—		—		—		25		—		25
Real Estate - Construction	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Residential	$	—	$	—	$	421	$	—	$	—	$	—	$	—	$	—	$	421
Performing Loans	—		—		421		—		—		—		—		—		421
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	371	$	3,082	$	33,674	$	28,169	$	140,689	$	70,870	$	2,672	$	279,527
Primary	$	—	$	248	$	1,953	$	30,078	$	25,956	$	127,642	$	630	$	111	$	186,618
Performing Loans	—		248		1,842		29,321		25,935		122,970		630		25		180,971
Non-Performing Loans	—		—		111		757		21		4,672		—		86		5,647
Home Equity	$	—	$	—	$	742	$	3,324	$	1,668	$	1,027	$	70,120	$	2,561	$	79,442
Performing Loans	—		—		742		3,324		1,668		960		69,518		2,124		78,336
Non-Performing Loans	—		—		—		—		—		67		602		437		1,106
Rental/Investment	$	—	$	123	$	—	$	200	$	193	$	10,893	$	120	$	—	$	11,529
Performing Loans	—		123		—		200		193		10,800		120		—		11,436
Non-Performing Loans	—		—		—		—		—		93		—		—		93
Land Development	$	—	$	—	$	387	$	72	$	352	$	1,127	$	—	$	—	$	1,938
Performing Loans	—		—		387		30		117		1,127		—		—		1,661
Non-Performing Loans	—		—		—		42		235		—		—		—		277
Real Estate - Commercial Mortgage	$	—	$	337	$	597	$	1,063	$	982	$	35,946	$	1,902	$	—	$	40,827
Owner-Occupied	$	—	$	—	$	—	$	625	$	660	$	20,531	$	1,357	$	—	$	23,173
Performing Loans	—		—		—		625		660		20,253		1,357		—		22,895
Non-Performing Loans	—		—		—		—		—		278		—		—		278
Non-Owner Occupied	$	—	$	337	$	443	$	49	$	66	$	11,467	$	153	$	—	$	12,515
Performing Loans	—		337		443		49		66		11,331		153		—		12,379
Non-Performing Loans	—		—		—		—		—		136		—		—		136
Land Development	$	—	$	—	$	154	$	389	$	256	$	3,948	$	392	$	—	$	5,139
Performing Loans	—		—		154		389		256		3,890		392		—		5,081
Non-Performing Loans	—		—		—		—		—		58		—		—		58
Installment loans to individuals	$	—	$	—	$	34,976	$	15,497	$	1,118	$	4,348	$	3,676	$	60	$	59,675
Performing Loans	—		—		34,942		15,405		1,051		4,262		3,676		29		59,365
Non-Performing Loans	—		—		34		92		67		86		—		31		310
Total loans not subject to risk rating	$	—	$	708	$	39,521	$	50,583	$	30,572	$	183,882	$	83,257	$	2,778	$	391,301
Performing Loans	—		708		39,376		49,692		30,249		178,492		82,630		2,224		383,371
Non-Performing Loans	—		—		145		891		323		5,390		627		554		7,930

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Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Summary of total non purchased and purchased loans

The following is a summary of non purchased loans and leases as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural(1)	$	1,509,908	$	2,360,471
Lease financing	78,028		80,022
Real estate – construction:
Residential	274,599		243,814
Commercial	764,014		583,338
Total real estate – construction	1,038,613		827,152
Real estate – 1-4 family mortgage:
Primary	1,623,987		1,536,181
Home equity	426,845		432,768
Rental/investment	271,397		264,436
Land development	113,345		123,179
Total real estate – 1-4 family mortgage	2,435,574		2,356,564
Real estate – commercial mortgage:
Owner-occupied	1,373,150		1,334,765
Non-owner occupied	2,249,112		2,194,739
Land development	101,047		120,125
Total real estate – commercial mortgage	3,723,309		3,649,629
Installment loans to individuals	111,137		149,862
Gross loans	8,896,569		9,423,700
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	$	8,892,544	$	9,419,540

(1)Includes Paycheck Protection Program (“PPP”) loans of $246,931 and $1,128,703 as of June 30, 2021 and December 31, 2020, respectively.

The following is a summary of purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	124,725	$	176,513
Real estate – construction:
Residential	2,564		2,859
Commercial	10,182		28,093
Total real estate – construction	12,746		30,952
Real estate – 1-4 family mortgage:
Primary	166,535		214,770
Home equity	63,088		80,392
Rental/investment	25,944		31,928
Land development	10,950		14,654
Total real estate – 1-4 family mortgage	266,517		341,744
Real estate – commercial mortgage:
Owner-occupied	290,041		323,041
Non-owner occupied	492,917		552,728
Land development	23,902		29,454
Total real estate – commercial mortgage	806,860		905,223
Installment loans to individuals	45,850		59,675
Loans	$	1,256,698	$	1,514,107

The following is a summary of total non purchased and purchased loans as of the dates presented:

	June 30, 2021		December 31, 2020
Commercial, financial, agricultural	$	1,634,633	$	2,536,984
Lease financing	78,028		80,022
Real estate – construction:
Residential	277,163		246,673
Commercial	774,196		611,431
Total real estate – construction	1,051,359		858,104
Real estate – 1-4 family mortgage:
Primary	1,790,522		1,750,951
Home equity	489,933		513,160
Rental/investment	297,341		296,364
Land development	124,295		137,833
Total real estate – 1-4 family mortgage	2,702,091		2,698,308
Real estate – commercial mortgage:
Owner-occupied	1,663,191		1,657,806
Non-owner occupied	2,742,029		2,747,467
Land development	124,949		149,579
Total real estate – commercial mortgage	4,530,169		4,554,852
Installment loans to individuals	156,987		209,537
Gross loans	10,153,267		10,937,807
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	10,149,242		10,933,647
Allowance for credit losses on loans	(172,354)		(176,144)
Net loans	$	9,976,888	$	10,757,503

Roll forward of the allowance for loan losses

The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented:

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended June 30, 2021
Allowance for credit losses:
Beginning balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Charge-offs	(1,184)		—		(152)		(171)		—		(1,347)		(2,854)
Recoveries	233		—		401		143		14		1,311		2,102
Net (charge-offs) recoveries	(951)		—		249		(28)		14		(36)		(752)
Provision for credit losses on loans	353		752		(640)		(1,304)		(49)		888		—
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Six Months Ended June 30, 2021
Allowance for credit losses:
Beginning balance	$	39,031	$	16,047	$	32,165	$	76,127	$	1,624	$	11,150	$	176,144
Charge-offs	(4,682)		(52)		(253)		(232)		—		(3,005)		(8,224)
Recoveries	522		13		662		314		25		2,898		4,434
Net (charge-offs) recoveries	(4,160)		(39)		409		82		25		(107)		(3,790)
Provision for credit losses on loans	2,123		(279)		(1,271)		(1,316)		(138)		881		—
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Period-End Amount Allocated to:
Individually evaluated	$	9,121	$	—	$	228	$	4,207	$	—	$	612	$	14,168
Collectively evaluated	27,873		15,729		31,075		70,686		1,511		11,312		158,186
Ending balance	$	36,994	$	15,729	$	31,303	$	74,893	$	1,511	$	11,924	$	172,354
Loans:
Individually evaluated	$	14,409	$	—	$	5,017	$	20,810	$	—	$	636	$	40,872
Collectively evaluated	1,620,224		1,051,359		2,697,074		4,509,359		74,003		156,351		10,108,370
Ending balance	$	1,634,633	$	1,051,359	$	2,702,091	$	4,530,169	$	74,003	$	156,987	$	10,149,242
Nonaccruing loans with no allowance for credit losses	$	2,826	$	—	$	2,841	$	4,953	$	—	$	10	$	10,630

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance	$	25,937	$	10,924	$	27,320	$	44,237	$	1,588	$	10,179	$	120,185
Charge-offs	(1,156)		(532)		(142)		—		—		(1,736)		(3,566)
Recoveries	108		—		48		41		5		1,666		1,868
Net (charge-offs) recoveries	(1,048)		(532)		(94)		41		5		(70)		(1,698)
Provision for credit losses on loans	5,796		2,146		2,175		15,783		219		781		26,900
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Six Months Ended June 30, 2020
Allowance for credit losses:
Beginning balance	$	10,658	$	5,029	$	9,814	$	24,990	$	910	$	761	$	52,162
Impact of the adoption of ASC 326	11,351		3,505		14,314		4,293		521		8,500		42,484
Charge-offs	(1,549)		(532)		(363)		(2,047)		—		(4,424)		(8,915)
Recoveries	298		—		136		1,740		10		4,222		6,406
Net (charge-offs) recoveries	(1,251)		(532)		(227)		(307)		10		(202)		(2,509)
Provision for credit losses on loans	9,927		4,536		5,500		31,085		371		1,831		53,250
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Period-End Amount Allocated to:
Individually evaluated	$	3,882	$	—	$	378	$	550	$	—	$	270	$	5,080
Collectively evaluated	26,803		12,538		29,023		59,511		1,812		10,620		140,307
Ending balance	$	30,685	$	12,538	$	29,401	$	60,061	$	1,812	$	10,890	$	145,387
Loans:
Individually evaluated	$	9,736	$	—	$	5,142	$	7,883	$	—	$	626	$	23,387
Collectively evaluated	2,631,862		791,108		2,783,371		4,402,870		80,779		283,927		10,973,917
Ending balance	$	2,641,598	$	791,108	$	2,788,513	$	4,410,753	$	80,779	$	284,553	$	10,997,304
Nonaccruing loans with no allowance for credit losses	$	720	$	—	$	2,503	$	3,910	$	—	$	2	$	7,135

Unfunded loan commitments, allowance for credit losses

Three Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	14,735
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		2,600
Ending balance	$	20,535	$	17,335
Six Months Ended June 30,	2021		2020
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,535	$	946
Impact of the adoption of ASC 326	—		10,389
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	—		6,000
Ending balance	$	20,535	$	17,335

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Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2021

Real Estate [Abstract]

Other real estate owned (OREO) covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs

The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of

valuation allowances and direct write-downs, as of the dates presented:

	Purchased OREO		Non Purchased OREO		Total OREO
June 30, 2021
Residential real estate	$	197	$	64	$	261
Commercial real estate	1,048		1,548		2,596
Residential land development	337		4		341
Commercial land development	1,682		59		1,741
Total	$	3,264	$	1,675	$	4,939
December 31, 2020
Residential real estate	$	72	$	107	$	179
Commercial real estate	1,741		924		2,665
Residential land development	337		676		1,013
Commercial land development	1,777		338		2,115
Total	$	3,927	$	2,045	$	5,972

Changes in purchased and non purchased OREO

Changes in the Company’s purchased and non purchased OREO were as follows:

	Purchased OREO		Non Purchased OREO		Total OREO
Balance at January 1, 2021	$	3,927	$	2,045	$	5,972
Transfers of loans	967		1,536		2,503
Impairments	(47)		(70)		(117)
Dispositions	(1,492)		(1,836)		(3,328)
Other	(91)		—		(91)
Balance at June 30, 2021	$	3,264	$	1,675	$	4,939

Components of OREO in the consolidated statements of income

Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Repairs and maintenance	$	22	$	85	$	42	$	170
Property taxes and insurance	37		16		48		149
Impairments	47		630		117		827
Net losses (gains) on OREO sales	6		(101)		(50)		(89)
Rental income	(8)		(10)		(12)		(19)
Total	$	104	$	620	$	145	$	1,038

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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying amounts of goodwill by operating segments

The carrying amounts of goodwill by operating segments for the six months ended June 30, 2021 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2021	$	936,916	$	2,767	$	939,683
Additions to goodwill and other adjustments	—		—		—
Balance at June 30, 2021	$	936,916	$	2,767	$	939,683

Summary of finite-lived intangible assets

The following table provides a summary of finite-lived intangible assets as of the dates presented:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
June 30, 2021
Core deposit intangibles	$	82,492	$	(56,584)	$	25,908
Customer relationship intangible	2,470		(1,375)		1,095
Total finite-lived intangible assets	$	84,962	$	(57,959)	$	27,003
December 31, 2020
Core deposit intangibles	$	82,492	$	(53,539)	$	28,953
Customer relationship intangible	2,470		(1,284)		1,186
Total finite-lived intangible assets	$	84,962	$	(54,823)	$	30,139

Current year amortization expense for finite-lived intangible assets

Current year amortization expense for finite-lived intangible assets is presented in the table below.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Amortization expense for:
Core deposit intangibles	$	1,494	$	1,789	$	3,046	$	3,639
Customer relationship intangible	45		45		91		90
Total intangible amortization	$	1,539	$	1,834	$	3,137	$	3,729

Estimated amortization expense of finite-lived intangible assets

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2021 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2021	$	5,860	$	181	$	6,041
2022	4,940		181		5,121
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,103		181		3,284

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Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2021

Transfers and Servicing [Abstract]

Changes in the company's MSRs

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2021	$	62,994
Capitalization	19,922
Amortization	(11,565)
Valuation adjustment	13,561
Balance at June 30, 2021	$	84,912

Data and key economic assumptions related to the Company's MSRs

Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented:

	June 30, 2021			December 31, 2020
Unpaid principal balance	$	8,364,217		$	7,322,671
Weighted-average prepayment speed (CPR)	12.07		%	15.05		%
Estimated impact of a 10% increase	$	(4,177)		$	(4,001)
Estimated impact of a 20% increase	(8,080)			(7,674)
Discount rate	9.81		%	9.86		%
Estimated impact of a 10% increase	$	(3,212)		$	(2,144)
Estimated impact of a 20% increase	(6,198)			(4,144)
Weighted-average coupon interest rate	3.38		%	3.58		%
Weighted-average servicing fee (basis points)	30.28			29.94
Weighted-average remaining maturity (in years)	6.09			5.14

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Employee Benefit and Deferred Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2021

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
	June 30,				June 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	1	$	1
Interest cost	175		250		3		2
Expected return on plan assets	(441)		(413)		—		—
Recognized actuarial loss (gain)	78		96		(2)		(27)
Net periodic (return) benefit cost	$	(188)	$	(67)	$	2	$	(24)

	Pension Benefits				Other Benefits
	Six Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	2	$	3
Interest cost	341		492		7		7
Expected return on plan assets	(884)		(826)		—		—
Recognized actuarial loss (gain)	132		175		(2)		(45)
Net periodic (return) benefit cost	$	(411)	$	(159)	$	7	$	(35)

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 six months ended June 30, 2021:

	Shares	Weighted Average Exercise Price
Options outstanding at beginning of period	10,500	$	14.96
Granted	—	—
Exercised	(5,000)	14.96
Forfeited	—	—
Options outstanding at end of period	5,500	$	14.96

The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2021:

	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	132,827	$	32.88	548,416	$	34.15
Awarded	78,230	34.02		250,483	37.24
Vested	—	—		(126,121)	37.20
Cancelled	—	—		(53,007)	37.67
Nonvested at end of period	211,057	$	33.30	619,771	$	34.48

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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative financial instruments

The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate contracts	Other Assets	$	204,113	$	6,450	$	222,933	$	9,884
Interest rate lock commitments	Other Assets	517,860		10,448		589,701		19,824
Forward commitments	Other Assets	73,000		68		—		—
Totals		$	794,973	$	16,966	$	812,634	$	29,708
Derivative liabilities:
Interest rate contracts	Other Liabilities	$	204,113	$	6,450	$	222,933	$	9,884
Interest rate lock commitments	Other Liabilities	10,908		28		—		—
Forward commitments	Other Liabilities	723,000		1,878		716,000		5,090
Totals		$	938,021	$	8,356	$	938,933	$	14,974

The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate swaps	Other Assets	$	200,000	$	10,504	$	175,000	$	3,866
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	62,000	$	4,062	$	87,000	$	5,924

The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented:

	Balance Sheet	June 30, 2021				December 31, 2020
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	100,000	$	4,386	$	100,000	$	209

Gains (losses) on derivative financial instruments included in the Consolidated Statements of Income

Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Interest rate contracts:
Included in interest income on loans	$	836	$	523	$	1,206	$	1,259
Interest rate lock commitments:
Included in mortgage banking income	(1,082)		2,924		(9,404)		24,745
Forward commitments
Included in mortgage banking income	(15,523)		11,321		3,280		(4,149)
Total	$	(15,769)	$	14,768	$	(4,918)	$	21,855

The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented:

		Amount of Gain (Loss) Recognized in Income
	Income Statement	Three Months Ended June 30,				Six Months Ended June 30,
	Location	2021		2020		2021		2020
Derivative liabilities:
Interest rate swaps - subordinated notes	Interest Expense	$	3,264	$	—	$	(4,177)	$	—
Derivative liabilities - hedged items:
Interest rate swaps - subordinated notes	Interest Expense	$	(3,264)	$	—	$	4,177	$	—

Schedule of derivatives instruments statements of financial performance and financial position, location

The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented:

	Carrying Amount of the Hedged Liability				Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability
Balance Sheet Location	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Long-term debt	$	94,024	$	98,114	$	4,386	$	209

Offsetting assets

The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Gross amounts recognized	$	10,643	$	3,866	$	16,705	$	21,107
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	10,643		3,866		16,705		21,107
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	5,987		3,866		5,987		3,866
Financial collateral pledged	—		—		9,092		14,042
Net amounts	$	4,656	$	—	$	1,626	$	3,199

Offsetting liabilities

The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2021		December 31, 2020		June 30, 2021		December 31, 2020
Gross amounts recognized	$	10,643	$	3,866	$	16,705	$	21,107
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	10,643		3,866		16,705		21,107
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	5,987		3,866		5,987		3,866
Financial collateral pledged	—		—		9,092		14,042
Net amounts	$	4,656	$	—	$	1,626	$	3,199

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Significant components of the company's deferred tax assets and liabilities

The following table is a summary of the Company’s temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities and their approximate tax effects as of the dates presented.

	June 30,		December 31,
	2021		2020
Deferred tax assets
Allowance for credit losses	$	53,316	$	53,597
Loans	4,123		5,526
Deferred compensation	12,280		13,114
Investment in partnerships	114		—
Impairment of assets	655		1,067
Net operating loss carryforwards	1,477		1,857
Lease liabilities under operating leases	16,804		17,732
Other	4,043		3,539
Total deferred tax assets	92,812		96,432
Deferred tax liabilities
Net unrealized gains on securities	6,501		8,434
Investment in partnerships	—		793
Fixed assets	1,942		3,285
Mortgage servicing rights	20,211		14,623
Junior subordinated debt	2,200		2,245
Intangibles	3,524		3,882
Lease right-of-use asset	15,907		16,833
Other	903		1,672
Total deferred tax liabilities	51,188		51,767
Net deferred tax assets	$	41,624	$	44,665

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:

	Level 1		Level 2		Level 3		Totals
June 30, 2021
Financial assets:
Securities available for sale	$	—	$	2,163,820	$	—	$	2,163,820
Derivative instruments	—		27,470		—		27,470
Mortgage loans held for sale in loans held for sale	—		448,959		—		448,959
Total financial assets	$	—	$	2,640,249	$	—	$	2,640,249
Financial liabilities:
Derivative instruments:	$	—	$	16,804	$	—	$	16,804

	Level 1		Level 2		Level 3		Totals
December 31, 2020
Financial assets:
Trust preferred securities	$	—	$	—	$	9,012	$	9,012
Other available for sale securities	—		1,334,445		—		1,334,445
Total securities available for sale	—		1,334,445		9,012		1,343,457
Derivative instruments	—		33,574		—		33,574
Mortgage loans held for sale in loans held for sale	—		417,771		—		417,771
Total financial assets	$	—	$	1,785,790	$	9,012	$	1,794,802
Financial liabilities:
Derivative instruments	$	—	$	21,107	$	—	$	21,107

Reconciliation for assets and liabilities measured at fair value on a recurring basis

The following tables provide a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented:

	2021		2020
Three Months Ended June 30, 2021	Trust preferred securities		Trust preferred securities
Three Months Ended June 30,
Balance at beginning of period	$	—	$	8,604
Accretion included in net income	—		9
Unrealized losses included in other comprehensive income	—		(903)
Settlements	—		(31)
Balance at end of period	$	—	$	7,679
Six Months Ended June 30,
Balance at beginning of period	$	9,012	$	9,986
Accretion included in net income	7		18
Unrealized gains (losses) included in other comprehensive income	941		(2,222)
Realized losses	2,061		—
Purchases	(12,021)		—
Settlements	—		(103)
Balance at end of period	$	—	$	7,679

Assets measured at fair value on a nonrecurring basis

The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:

June 30, 2021	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	11,150	$	11,150
OREO	—		—		549		549
Mortgage servicing rights	—		—		84,912		84,912
Total	$	—	$	—	$	96,611	$	96,611

December 31, 2020	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	24,145	$	24,145
OREO	—		—		2,736		2,736
Mortgage servicing rights	—		—		62,994		62,994
Total	$	—	$	—	$	89,875	$	89,875

OREO measured at fair value on a nonrecurring basis

The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented:

	June 30, 2021		December 31, 2020
Carrying amount prior to remeasurement	$	596	$	4,051
Impairment recognized in results of operations	(47)		(1,315)
Fair value	$	549	$	2,736

Significant unobservable inputs (Level 3) used in valuation of assets and liabilities measured at fair value on non recurring basis

The following table presents information as of June 30, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:

Financial instrument	Fair Value		Valuation Technique	Significant Unobservable Inputs	Range of Inputs
Individually evaluated loans, net of allowance for credit losses	$	11,150	Appraised value of collateral less estimated costs to sell	Estimated costs to sell	4-10%
OREO	$	549	Appraised value of property less estimated costs to sell	Estimated costs to sell	4-10%

Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value

The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of June 30, 2021 and December 31, 2020:

	Aggregate Fair Value		Aggregate Unpaid Principal Balance		Difference
June 30, 2021
Mortgage loans held for sale measured at fair value	$	448,959	$	434,310	$	14,649
December 31, 2020
Mortgage loans held for sale measured at fair value	$	417,771	$	395,602	$	22,169

Assets and liabilities not measured and reported at fair value on a recurring basis or nonrecurring basis

The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:

			Fair Value
As of June 30, 2021	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,605,488	$	1,605,488	$	—	$	—	$	1,605,488
Securities available for sale	2,163,820		—		2,163,820		—		2,163,820
Loans held for sale	448,959		—		448,959		—		448,959
Loans, net	9,976,888		—		—		9,868,318		9,868,318
Mortgage servicing rights	84,912		—		—		87,531		87,531
Derivative instruments	27,470		—		27,470		—		27,470
Financial liabilities
Deposits	$	13,115,351	$	11,582,111	$	1,537,071	$	—	$	13,119,182
Short-term borrowings	14,933		14,933		—		—		14,933
Federal Home Loan Bank advances	150,434		—		155,828		—		155,828
Junior subordinated debentures	111,083		—		100,243		—		100,243
Subordinated notes	207,889		—		219,676		—		219,676
Derivative instruments	16,804		—		16,804		—		16,804

			Fair Value
As of December 31, 2020	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	633,203	$	633,203	$	—	$	—	$	633,203
Securities available for sale	1,343,457		—		1,334,445		9,012		1,343,457
Loans held for sale	417,771		—		417,771		—		417,771
Loans, net	10,757,503		—		—		10,668,625		10,668,625
Mortgage servicing rights	62,994		—		—		62,994		62,994
Derivative instruments	33,574		—		33,574		—		33,574
Financial liabilities
Deposits	$	12,059,081	$	10,363,193	$	1,706,005	$	—	$	12,069,198
Short-term borrowings	21,340		21,340		—		—		21,340
Federal Home Loan Bank advances	152,167		—		158,914		—		158,914
Junior subordinated debentures	110,794		—		93,092		—		93,092
Subordinated notes	212,009		—		217,575		—		217,575
Derivative instruments	21,107		—		21,107		—		21,107

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Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Changes in the components of other comprehensive income

Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented:

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Three months ended June 30, 2021
Securities available for sale:
Unrealized holding gains on securities	$	4,965	$	1,263	$	3,702
Total securities available for sale	4,965		1,263		3,702
Derivative instruments:
Unrealized holding losses on derivative instruments	(6,234)		(1,586)		(4,648)
Total derivative instruments	(6,234)		(1,586)		(4,648)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	76		19		57
Total defined benefit pension and post-retirement benefit plans	76		19		57
Total other comprehensive loss	$	(1,193)	$	(304)	$	(889)
Three months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	3,496	$	893	$	2,603
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	3,465		885		2,580
Derivative instruments:
Unrealized holding losses on derivative instruments	(1,064)		(271)		(793)
Total derivative instruments	(1,064)		(271)		(793)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	68		17		51
Total defined benefit pension and post-retirement benefit plans	68		17		51
Total other comprehensive income	$	2,469	$	631	$	1,838

	Pre-Tax		Tax Expense (Benefit)		Net of Tax
Six months ended June 30, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(15,079)	$	(3,838)	$	(11,241)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(16,436)		(4,183)		(12,253)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,500		2,164		6,336
Total derivative instruments	8,500		2,164		6,336
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		31		99
Total defined benefit pension and post-retirement benefit plans	130		31		99
Total other comprehensive loss	$	(7,806)	$	(1,988)	$	(5,818)
Six months ended June 30, 2020
Securities available for sale:
Unrealized holding gains on securities	$	25,885	$	6,588	$	19,297
Reclassification adjustment for gains realized in net income	(31)		(8)		(23)
Total securities available for sale	25,854		6,580		19,274
Derivative instruments:
Unrealized holding losses on derivative instruments	(5,092)		(1,296)		(3,796)
Total derivative instruments	(5,092)		(1,296)		(3,796)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	130		33		97
Total defined benefit pension and post-retirement benefit plans	130		33		97
Total other comprehensive income	$	20,892	$	5,317	$	15,575

Accumulated balances for each component of other comprehensive income, net of tax

The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented:

	June 30, 2021		December 31, 2020
Unrealized gains on securities	$	18,674	$	42,246
Non-credit related portion of previously recorded other-than-temporary impairment on securities	—		(11,319)
Unrealized gains (losses) on derivative instruments	5,698		(638)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,122)		(5,221)
Total accumulated other comprehensive income	$	19,250	$	25,068

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Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Basic and diluted net income per common share

Basic and diluted net income per common share calculations are as follows for the periods presented:

	Three Months Ended
	June 30,
	2021		2020
Basic
Net income applicable to common stock	$	40,867	$	20,130
Average common shares outstanding	56,325,717		56,165,452
Net income per common share - basic	$	0.73	$	0.36
Diluted
Net income applicable to common stock	$	40,867	$	20,130
Average common shares outstanding	56,325,717		56,165,452
Effect of dilutive stock-based compensation	310,181		160,024
Average common shares outstanding - diluted	56,635,898		56,325,476
Net income per common share - diluted	$	0.72	$	0.36

	Six Months Ended
	June 30,
	2021		2020
Basic
Net income applicable to common stock	$	98,775	$	22,138
Average common shares outstanding	56,283,195		56,350,134
Net income per common share - basic	$	1.75	$	0.39
Diluted
Net income applicable to common stock	$	98,775	$	22,138
Average common shares outstanding	56,283,195		56,350,134
Effect of dilutive stock-based compensation	295,385		164,465
Average common shares outstanding - diluted	56,578,580		56,514,599
Net income per common share - diluted	$	1.75	$	0.39

Schedule of antidilutive securities

Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:

	Three Months Ended
	June 30,
	2021	2020
Number of shares	19,929	264,183
Exercise prices (for stock option awards)	—	—

	Six Months Ended
	June 30,
	2021	2020
Number of shares	19,929	247,093
Exercise prices (for stock option awards)	—	—

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Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2021

Banking and Thrift, Interest [Abstract]

Guidelines governing the classification of capital tiers

Those guidelines specify capital tiers, which include the following classifications:

Capital Tiers	Tier 1 Capital to Average Assets (Leverage)	Common Equity Tier 1 to Risk - Weighted Assets	Tier 1 Capital to Risk - Weighted Assets	Total Capital to Risk - Weighted Assets
Well capitalized	5% or above	6.5% or above	8% or above	10% or above
Adequately capitalized	4% or above	4.5% or above	6% or above	8% or above
Undercapitalized	Less than 4%	Less than 4.5%	Less than 6%	Less than 8%
Significantly undercapitalized	Less than 3%	Less than 3%	Less than 4%	Less than 6%
Critically undercapitalized	Tangible Equity / Total Assets less than 2%

Capital and risk-based capital and leverage ratios

The following table provides the capital and risk-based capital and leverage ratios for the Company and for the Bank as of the dates presented:

	June 30, 2021				December 31, 2020
	Amount		Ratio		Amount		Ratio
Renasant Corporation
Tier 1 Capital to Average Assets (Leverage)	$	1,385,657	9.30	%	$	1,306,597	9.37	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,278,165		11.14	%	1,199,394		10.93	%
Tier 1 Capital to Risk-Weighted Assets	1,385,657		12.07	%	1,306,597		11.91	%
Total Capital to Risk-Weighted Assets	1,734,376		15.11	%	1,653,694		15.07	%
Renasant Bank
Tier 1 Capital to Average Assets (Leverage)	$	1,444,582	9.70	%	$	1,369,994	9.83	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,444,582		12.59	%	1,369,994		12.49	%
Tier 1 Capital to Risk-Weighted Assets	1,444,582		12.59	%	1,369,994		12.49	%
Total Capital to Risk-Weighted Assets	1,581,025		13.78	%	1,504,985		13.73	%

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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Financial information for the company's operating segments

The following tables provide financial information for the Company’s operating segments as of and for the periods presented:

	Community Banks		Insurance		Wealth Management		Other		Consolidated
Three months ended June 30, 2021
Net interest income (loss)	$	112,780	$	111	$	396	$	(3,708)	$	109,579
Provision for loan losses	—		—		—		—		—
Noninterest income	40,149		2,475		5,430		(444)		47,610
Noninterest expense	102,426		1,987		4,047		317		108,777
Income (loss) before income taxes	50,503		599		1,779		(4,469)		48,412
Income tax expense (benefit)	8,547		153		—		(1,155)		7,545
Net income (loss)	$	41,956	$	446	$	1,779	$	(3,314)	$	40,867
Total assets	$	15,910,027	$	31,978	$	63,656	$	16,725	$	16,022,386
Goodwill	$	936,916	$	2,767	—		—		$	939,683
Three months ended June 30, 2020
Net interest income (loss)	$	108,110	$	111	$	397	$	(2,836)	$	105,782
Provision for loan losses	26,861		—		39		—		26,900
Noninterest income	58,115		2,153		4,312		(410)		64,170
Noninterest expense	112,776		1,848		3,452		209		118,285
Income (loss) before income taxes	26,588		416		1,218		(3,455)		24,767
Income tax expense (benefit)	5,425		111		—		(899)		4,637
Net income (loss)	$	21,163	$	305	$	1,218	$	(2,556)	$	20,130
Total assets	$	14,775,811	$	29,095	$	68,257	$	24,044	$	14,897,207
Goodwill	$	936,916	$	2,767	—		—		$	939,683

	Community Banks		Insurance		Wealth Management		Other		Consolidated
Six months ended June 30, 2021
Net interest income (loss)	$	225,728	$	218	$	780	$	(7,499)	$	219,227
Provision for credit losses	—		—		—		—		—
Noninterest income (loss)	113,219		5,723		10,601		(896)		128,647
Noninterest expense	212,012		3,910		8,148		642		224,712
Income (loss) before income taxes	126,935		2,031		3,233		(9,037)		123,162
Income tax expense (benefit)	26,203		520		—		(2,336)		24,387
Net income (loss)	$	100,732	$	1,511	$	3,233	$	(6,701)	$	98,775
Total assets	$	15,910,027	$	31,978	$	63,656	$	16,725	$	16,022,386
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683
Six months ended June 30, 2020
Net interest income (loss)	$	216,970	$	298	$	847	$	(5,731)	$	212,384
Provision for credit losses	53,073		—		177		—		53,250
Noninterest income (loss)	88,798		5,093		8,656		(807)		101,740
Noninterest expense (benefit)	222,060		3,734		7,397		135		233,326
Income (loss) before income taxes	30,635		1,657		1,929		(6,673)		27,548
Income tax expense (benefit)	6,705		441		—		(1,736)		5,410
Net income (loss)	$	23,930	$	1,216	$	1,929	$	(4,937)	$	22,138
Total assets	$	14,775,811	$	29,095	$	68,257	$	24,044	$	14,897,207
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683

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Securities - Amortized Cost and Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Amortized cost and fair value of securities available for sale
Amortized Cost	$ 2,138,772	$ 1,301,973
Gross Unrealized Gains	32,940	44,699
Gross Unrealized Losses	(7,892)	(3,215)
Fair Value	2,163,820	1,343,457
U.S. Treasury securities
Amortized cost and fair value of securities available for sale
Amortized Cost	3,021	7,047
Gross Unrealized Gains	16	32
Gross Unrealized Losses	0	0
Fair Value	3,037	7,079
Obligations of other U.S. Government agencies and corporations
Amortized cost and fair value of securities available for sale
Amortized Cost		1,003
Gross Unrealized Gains		6
Gross Unrealized Losses		0
Fair Value		1,009
Obligations of states and political subdivisions
Amortized cost and fair value of securities available for sale
Amortized Cost	314,675	291,231
Gross Unrealized Gains	11,270	14,015
Gross Unrealized Losses	(425)	(45)
Fair Value	325,520	305,201
Trust preferred securities
Amortized cost and fair value of securities available for sale
Amortized Cost		12,013
Gross Unrealized Gains		0
Gross Unrealized Losses		(3,001)
Fair Value		9,012
Other debt securities
Amortized cost and fair value of securities available for sale
Amortized Cost	59,523	62,771
Gross Unrealized Gains	3,193	2,909
Gross Unrealized Losses	0	(73)
Fair Value	62,716	65,607
Government agency mortgage backed securities | Residential mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	742,392	581,105
Gross Unrealized Gains	13,670	21,564
Gross Unrealized Losses	(1,572)	(23)
Fair Value	754,490	602,646
Government agency mortgage backed securities | Commercial mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	21,461	29,053
Gross Unrealized Gains	795	1,235
Gross Unrealized Losses	0	(1)
Fair Value	22,256	30,287
Government agency collateralized mortgage obligations | Residential mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	800,299	218,373
Gross Unrealized Gains	2,267	1,946
Gross Unrealized Losses	(4,324)	(51)
Fair Value	798,242	220,268
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	197,401	99,377
Gross Unrealized Gains	1,729	2,992
Gross Unrealized Losses	(1,571)	(21)
Fair Value	$ 197,559	$ 102,348

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Securities - Securities Sold (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Debt Securities, Available-for-sale [Line Items]
Carrying Value			$ 154,034,000	$ 8,742,000
Net Proceeds	$ 0	$ 0	155,391,000	8,773,000
Gain/(Loss)	$ 0	$ 31,000	1,357,000	31,000
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Carrying Value			47,000	2,696,000
Net Proceeds			50,000	2,561,000
Gain/(Loss)			3,000	(135,000)
Residential mortgage backed securities: | Government agency mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Carrying Value			136,340,000	6,046,000
Net Proceeds			139,735,000	6,212,000
Gain/(Loss)			3,395,000	$ 166,000
Residential mortgage backed securities: | Government agency collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Carrying Value			5,626,000
Net Proceeds			5,646,000
Gain/(Loss)			20,000
Trust preferred securities
Debt Securities, Available-for-sale [Line Items]
Carrying Value			12,021,000
Net Proceeds			9,960,000
Gain/(Loss)			$ (2,061,000)

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Securities - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Gross gains on sales of securities available for sale	$ 0	$ 166	$ 3,508	$ 166
Gross losses on sales of securities available for sale	0	(135)	(2,151)	(135)
Gains on sales of securities available for sale, net	$ 0	$ 31	$ 1,357	$ 31

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Securities - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Secure government, public and trust deposits
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged as collateral	$ 596,836	$ 582,338
Short-term borrowings
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged as collateral	$ 20,873	$ 32,272

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Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Amortized Cost
Due within one year	$ 36,914
Due after one year through five years	23,273
Due after five years through ten years	57,089
Due after ten years	228,196
Amortized Cost	2,138,772	$ 1,301,973
Fair Value
Due within one year	39,268
Due after one year through five years	24,061
Due after five years through ten years	59,654
Due after ten years	234,605
Fair Value	2,163,820	1,343,457
Other debt securities
Amortized Cost
Debt securities, without fixed maturity, amortized cost	31,747
Amortized Cost	59,523	62,771
Fair Value
Debt securities, without fixed maturity, fair value	33,685
Fair Value	62,716	65,607
Government agency mortgage backed securities | Residential mortgage backed securities:
Amortized Cost
Debt securities, without fixed maturity, amortized cost	742,392
Amortized Cost	742,392	581,105
Fair Value
Debt securities, without fixed maturity, fair value	754,490
Fair Value	754,490	602,646
Government agency mortgage backed securities | Commercial mortgage backed securities:
Amortized Cost
Debt securities, without fixed maturity, amortized cost	21,461
Amortized Cost	21,461	29,053
Fair Value
Debt securities, without fixed maturity, fair value	22,256
Fair Value	22,256	30,287
Government agency collateralized mortgage obligations | Residential mortgage backed securities:
Amortized Cost
Debt securities, without fixed maturity, amortized cost	800,299
Amortized Cost	800,299	218,373
Fair Value
Debt securities, without fixed maturity, fair value	798,242
Fair Value	798,242	220,268
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Amortized Cost
Debt securities, without fixed maturity, amortized cost	197,401
Amortized Cost	197,401	99,377
Fair Value
Debt securities, without fixed maturity, fair value	197,559
Fair Value	$ 197,559	$ 102,348

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Securities - Gross Unrealized Losses and Fair Value by Investment Category (Details) $ in Thousands	Jun. 30, 2021 USD ($) security	Dec. 31, 2020 USD ($) security
Available for Sale:
Number of positions, Less than 12 Months | security	71	21
Fair Value, Less than 12 Months	$ 789,279	$ 75,359
Unrealized Losses, Less than 12 Months	$ (6,310)	$ (211)
Number of positions, 12 Months or More | security	15	4
Fair value, 12 Months or More	$ 118,045	$ 10,037
Unrealized Losses, 12 Months or More	$ (1,582)	$ (3,004)
Number of positions | security	86	25
Fair Value	$ 907,324	$ 85,396
Unrealized Losses	$ (7,892)	$ (3,215)
Obligations of states and political subdivisions
Available for Sale:
Number of positions, Less than 12 Months | security	20	6
Fair Value, Less than 12 Months	$ 40,176	$ 9,403
Unrealized Losses, Less than 12 Months	$ (414)	$ (45)
Number of positions, 12 Months or More | security	1	0
Fair value, 12 Months or More	$ 2,166	$ 0
Unrealized Losses, 12 Months or More	$ (11)	$ 0
Number of positions | security	21	6
Fair Value	$ 42,342	$ 9,403
Unrealized Losses	$ (425)	$ (45)
Trust preferred securities
Available for Sale:
Number of positions, Less than 12 Months | security		0
Fair Value, Less than 12 Months		$ 0
Unrealized Losses, Less than 12 Months		$ 0
Number of positions, 12 Months or More | security		2
Fair value, 12 Months or More		$ 9,012
Unrealized Losses, 12 Months or More		$ (3,001)
Number of positions | security		2
Fair Value		$ 9,012
Unrealized Losses		$ (3,001)
Other debt securities
Available for Sale:
Number of positions, Less than 12 Months | security	1	4
Fair Value, Less than 12 Months	$ 1,000	$ 3,330
Unrealized Losses, Less than 12 Months	$ 0	$ (70)
Number of positions, 12 Months or More | security	0	1
Fair value, 12 Months or More	$ 0	$ 566
Unrealized Losses, 12 Months or More	$ 0	$ (3)
Number of positions | security	1	5
Fair Value	$ 1,000	$ 3,896
Unrealized Losses	$ 0	$ (73)
Government agency mortgage backed securities | Residential mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	25	2
Fair Value, Less than 12 Months	$ 210,509	$ 19,755
Unrealized Losses, Less than 12 Months	$ (1,572)	$ (23)
Number of positions, 12 Months or More | security	0	0
Fair value, 12 Months or More	$ 0	$ 0
Unrealized Losses, 12 Months or More	$ 0	$ 0
Number of positions | security	25	2
Fair Value	$ 210,509	$ 19,755
Unrealized Losses	$ (1,572)	$ (23)
Government agency mortgage backed securities | Commercial mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	0	1
Fair Value, Less than 12 Months	$ 0	$ 1,538
Unrealized Losses, Less than 12 Months	$ 0	$ (1)
Number of positions, 12 Months or More | security	1	1
Fair value, 12 Months or More	$ 446	$ 459
Unrealized Losses, 12 Months or More	$ 0	$ 0
Number of positions | security	1	2
Fair Value	$ 446	$ 1,997
Unrealized Losses	$ 0	$ (1)
Government agency collateralized mortgage obligations | Residential mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	25	5
Fair Value, Less than 12 Months	$ 537,594	$ 27,143
Unrealized Losses, Less than 12 Months	$ (4,324)	$ (51)
Number of positions, 12 Months or More | security	0	0
Fair value, 12 Months or More	$ 0	$ 0
Unrealized Losses, 12 Months or More	$ 0	$ 0
Number of positions | security	25	5
Fair Value	$ 537,594	$ 27,143
Unrealized Losses	$ (4,324)	$ (51)
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	0	3
Fair Value, Less than 12 Months	$ 0	$ 14,190
Unrealized Losses, Less than 12 Months	$ 0	$ (21)
Number of positions, 12 Months or More | security	13	0
Fair value, 12 Months or More	$ 115,433	$ 0
Unrealized Losses, 12 Months or More	$ (1,571)	$ 0
Number of positions | security	13	3
Fair Value	$ 115,433	$ 14,190
Unrealized Losses	$ (1,571)	$ (21)

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Non Purchased Loans - Summary of Non-Purchased Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Summary of loans
Gross loans	$ 10,153,267	$ 10,937,807
Unearned income	(4,025)	(4,160)
Loans, net of unearned income	10,149,242	10,933,647	$ 10,997,304
Commercial, financial, agricultural
Summary of loans
Gross loans	1,634,633	2,536,984
Loans, net of unearned income	1,634,633		2,641,598
Lease financing
Summary of loans
Gross loans	78,028	80,022
Loans, net of unearned income	74,003		80,779
Real estate – construction:
Summary of loans
Gross loans	1,051,359	858,104
Loans, net of unearned income	1,051,359		791,108
Real estate – construction: | Residential
Summary of loans
Gross loans	277,163	246,673
Real estate – construction: | Commercial
Summary of loans
Gross loans	774,196	611,431
Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	2,702,091	2,698,308
Loans, net of unearned income	2,702,091		2,788,513
Real estate – 1-4 family mortgage: | Primary
Summary of loans
Gross loans	1,790,522	1,750,951
Real estate – 1-4 family mortgage: | Home equity
Summary of loans
Gross loans	489,933	513,160
Real estate – 1-4 family mortgage: | Rental/investment
Summary of loans
Gross loans	297,341	296,364
Real estate – commercial mortgage:
Summary of loans
Gross loans	4,530,169	4,554,852
Loans, net of unearned income	4,530,169		4,410,753
Real estate – commercial mortgage: | Owner-occupied
Summary of loans
Gross loans	1,663,191	1,657,806
Real estate – commercial mortgage: | Non-owner occupied
Summary of loans
Gross loans	2,742,029	2,747,467
Installment loans to individuals
Summary of loans
Gross loans	156,987	209,537
Loans, net of unearned income	156,987		$ 284,553
Non purchased loans and leases
Summary of loans
Gross loans	8,896,569	9,423,700
Unearned income	(4,025)	(4,160)
Loans, net of unearned income	8,892,544	9,419,540
Non purchased loans and leases | Paycheck Protection Program
Summary of loans
Loans, net of unearned income	246,931	1,128,703
Non purchased loans and leases | Commercial, financial, agricultural
Summary of loans
Gross loans	1,509,908	2,360,471
Non purchased loans and leases | Lease financing
Summary of loans
Gross loans	78,028	80,022
Non purchased loans and leases | Real estate – construction:
Summary of loans
Gross loans	1,038,613	827,152
Non purchased loans and leases | Real estate – construction: | Residential
Summary of loans
Gross loans	274,599	243,814
Non purchased loans and leases | Real estate – construction: | Commercial
Summary of loans
Gross loans	764,014	583,338
Non purchased loans and leases | Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	2,435,574	2,356,564
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary
Summary of loans
Gross loans	1,623,987	1,536,181
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity
Summary of loans
Gross loans	426,845	432,768
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment
Summary of loans
Gross loans	271,397	264,436
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development
Summary of loans
Gross loans	113,345	123,179
Non purchased loans and leases | Real estate – commercial mortgage:
Summary of loans
Gross loans	3,723,309	3,649,629
Non purchased loans and leases | Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	101,047	120,125
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied
Summary of loans
Gross loans	1,373,150	1,334,765
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied
Summary of loans
Gross loans	2,249,112	2,194,739
Non purchased loans and leases | Installment loans to individuals
Summary of loans
Gross loans	$ 111,137	$ 149,862

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Non Purchased Loans - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Outstanding balance of restructured loans	$ 9,976,888,000		$ 9,976,888,000			$ 10,757,503,000
Allowance for loan losses attributable to restructured loans	172,354,000	$ 145,387,000	$ 172,354,000	$ 145,387,000	$ 173,106,000	$ 176,144,000	$ 120,185,000	$ 52,162,000
Non purchased loans and leases
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Mortgage and commercial loans discontinued past due period			90 days
Consumer and other retail loans charged-off past due period			120 days
Nonperforming loans charged-off past due period			90 days
Number of restructured loans | loan			0	3
Restructured loans discontinued past due period			90 days	90 days
Troubled debt restructured that has subsequently defaulted			$ 0	$ 84,000
Remaining availability under commitments to lend additional funds on restructured loans	$ 305,000	$ 0	$ 305,000	$ 0
Number of loan modifications | loan	15	21	19	26
Modified loans, balance	$ 6,599,000	$ 5,627,000	$ 7,868,000	$ 6,971,000
Non purchased loans and leases | Loan deferral | Loan Deferral Program, CARES Act
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Initial deferral period		90 days
Second deferral period		90 days
Number of loan modifications | loan			108
Modified loans, balance			$ 18,300,000
Non purchased loans and leases | Nonaccruing Loans
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Outstanding balance of restructured loans		$ 352,000		352,000
Non purchased loans and leases | Restructured loans
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Outstanding balance of restructured loans	11,241,000	2,306,000	11,241,000	2,306,000
Allowance for loan losses attributable to restructured loans	$ 612,000	$ 299,000	$ 612,000	$ 299,000

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Non Purchased Loans - Aging of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 10,153,267	$ 10,937,807
Unearned income	(4,025)	(4,160)
Loans, net of unearned income	10,149,242	10,933,647	$ 10,997,304
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,634,633	2,536,984
Loans, net of unearned income	1,634,633		2,641,598
Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	78,028	80,022
Loans, net of unearned income	74,003		80,779
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,051,359	858,104
Loans, net of unearned income	1,051,359		791,108
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,702,091	2,698,308
Loans, net of unearned income	2,702,091		2,788,513
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,530,169	4,554,852
Loans, net of unearned income	4,530,169		4,410,753
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	156,987	209,537
Loans, net of unearned income	156,987		$ 284,553
Residential | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	277,163	246,673
Commercial | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	774,196	611,431
Primary | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,790,522	1,750,951
Home equity | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	489,933	513,160
Rental/investment | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	297,341	296,364
Owner-occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,663,191	1,657,806
Non-owner occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,742,029	2,747,467
Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	8,896,569	9,423,700
Unearned income	(4,025)	(4,160)
Loans, net of unearned income	8,892,544	9,419,540
Non purchased loans and leases | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,509,908	2,360,471
Non purchased loans and leases | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	78,028	80,022
Non purchased loans and leases | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,038,613	827,152
Non purchased loans and leases | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,435,574	2,356,564
Non purchased loans and leases | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,723,309	3,649,629
Non purchased loans and leases | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	111,137	149,862
Non purchased loans and leases | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income	(4,025)	(4,160)
Loans, net of unearned income	8,865,443	9,399,171
Non purchased loans and leases | Accruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,504,992	2,356,071
Non purchased loans and leases | Accruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	78,028	79,974
Non purchased loans and leases | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,038,613	826,655
Non purchased loans and leases | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,423,997	2,346,658
Non purchased loans and leases | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,713,030	3,644,266
Non purchased loans and leases | Accruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	110,808	149,707
Non purchased loans and leases | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income		0
Loans, net of unearned income	27,101	20,369
Non purchased loans and leases | Nonaccruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,916	4,400
Non purchased loans and leases | Nonaccruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	48
Non purchased loans and leases | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	497
Non purchased loans and leases | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	11,577	9,906
Non purchased loans and leases | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	10,279	5,363
Non purchased loans and leases | Nonaccruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	329	155
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	11,293	17,635
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,909	1,124
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	20	0
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,082	13,801
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,513	1,814
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	769	896
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,941	2,204
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	10	164
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,444	1,992
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	477	44
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	10	4
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	800	3,783
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	113	231
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	643	2,324
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	44	1,037
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	191
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	8,745	10,339
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,512	1,804
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	48
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	497
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,198	3,049
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,867	4,824
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	168	117
Non purchased loans and leases | Current Loans | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income	(4,025)	(4,160)
Loans, net of unearned income	8,853,350	9,377,753
Non purchased loans and leases | Current Loans | Accruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,501,970	2,354,716
Non purchased loans and leases | Current Loans | Accruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	78,008	79,974
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,038,613	826,655
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,418,272	2,330,533
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,710,473	3,641,415
Non purchased loans and leases | Current Loans | Accruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	110,039	148,620
Non purchased loans and leases | Current Loans | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	16,415	7,826
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,394	2,432
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,935	4,865
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	6,935	495
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	151	34
Non purchased loans and leases | Residential | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	274,599	243,814
Non purchased loans and leases | Residential | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	274,599	243,317
Non purchased loans and leases | Residential | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	497
Non purchased loans and leases | Residential | 30-89 Days Past Due | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Residential | 30-89 Days Past Due | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Residential | 90 Days or More Past Due | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Residential | 90 Days or More Past Due | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	497
Non purchased loans and leases | Residential | Current Loans | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	274,599	243,317
Non purchased loans and leases | Residential | Current Loans | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Commercial | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	764,014	583,338
Non purchased loans and leases | Commercial | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	764,014	583,338
Non purchased loans and leases | Commercial | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Commercial | 30-89 Days Past Due | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Commercial | 30-89 Days Past Due | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Commercial | 90 Days or More Past Due | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Commercial | 90 Days or More Past Due | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Commercial | Current Loans | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	764,014	583,338
Non purchased loans and leases | Commercial | Current Loans | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Primary | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,623,987	1,536,181
Non purchased loans and leases | Primary | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,613,850	1,527,359
Non purchased loans and leases | Primary | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	10,137	8,822
Non purchased loans and leases | Primary | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,345	11,889
Non purchased loans and leases | Primary | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,414	1,865
Non purchased loans and leases | Primary | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	505	1,754
Non purchased loans and leases | Primary | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,545	2,744
Non purchased loans and leases | Primary | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,610,000	1,513,716
Non purchased loans and leases | Primary | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,178	4,213
Non purchased loans and leases | Home equity | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	426,845	432,768
Non purchased loans and leases | Home equity | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	426,200	432,214
Non purchased loans and leases | Home equity | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	645	554
Non purchased loans and leases | Home equity | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	975	1,152
Non purchased loans and leases | Home equity | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	30	66
Non purchased loans and leases | Home equity | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	360
Non purchased loans and leases | Home equity | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	446	111
Non purchased loans and leases | Home equity | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	425,225	430,702
Non purchased loans and leases | Home equity | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	169	377
Non purchased loans and leases | Rental/investment | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	271,397	264,436
Non purchased loans and leases | Rental/investment | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	270,791	263,937
Non purchased loans and leases | Rental/investment | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	606	499
Non purchased loans and leases | Rental/investment | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	723	663
Non purchased loans and leases | Rental/investment | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	61
Non purchased loans and leases | Rental/investment | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	138	210
Non purchased loans and leases | Rental/investment | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	103	194
Non purchased loans and leases | Rental/investment | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	269,930	263,064
Non purchased loans and leases | Rental/investment | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	503	244
Non purchased loans and leases | Land development | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	113,345	123,179
Non purchased loans and leases | Land development | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	101,047	120,125
Non purchased loans and leases | Land development | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	113,156	123,148
Non purchased loans and leases | Land development | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	100,848	120,048
Non purchased loans and leases | Land development | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	189	31
Non purchased loans and leases | Land development | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	199	77
Non purchased loans and leases | Land development | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	39	97
Non purchased loans and leases | Land development | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	89	113
Non purchased loans and leases | Land development | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Land development | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	44
Non purchased loans and leases | Land development | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Land development | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	42	115
Non purchased loans and leases | Land development | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	104	0
Non purchased loans and leases | Land development | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	159	29
Non purchased loans and leases | Land development | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	113,117	123,051
Non purchased loans and leases | Land development | Current Loans | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	100,717	119,820
Non purchased loans and leases | Land development | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	85	31
Non purchased loans and leases | Land development | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	40	4
Non purchased loans and leases | Owner-occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,373,150	1,334,765
Non purchased loans and leases | Owner-occupied | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,370,695	1,331,729
Non purchased loans and leases | Owner-occupied | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,455	3,036
Non purchased loans and leases | Owner-occupied | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,342	779
Non purchased loans and leases | Owner-occupied | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	477	0
Non purchased loans and leases | Owner-occupied | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	795
Non purchased loans and leases | Owner-occupied | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	706	2,598
Non purchased loans and leases | Owner-occupied | Current Loans | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,368,353	1,330,155
Non purchased loans and leases | Owner-occupied | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,272	438
Non purchased loans and leases | Non-owner occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,249,112	2,194,739
Non purchased loans and leases | Non-owner occupied | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,241,487	2,192,489
Non purchased loans and leases | Non-owner occupied | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	7,625	2,250
Non purchased loans and leases | Non-owner occupied | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	82	922
Non purchased loans and leases | Non-owner occupied | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Non-owner occupied | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2	127
Non purchased loans and leases | Non-owner occupied | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,002	2,197
Non purchased loans and leases | Non-owner occupied | Current Loans | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,241,403	2,191,440
Non purchased loans and leases | Non-owner occupied | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 5,623	$ 53

XML

Non Purchased Loans - Impact of Modifications Classified as Restructured Loans (Details) - Non purchased loans and leases $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan
Restructured loans
Number of Loans | loan	15	21	19	26
Pre- Modification Outstanding Recorded Investment	$ 6,599	$ 5,627	$ 7,868	$ 6,971
Post- Modification Outstanding Recorded Investment	$ 6,605	$ 5,577	$ 7,850	$ 6,924
Commercial, financial, agricultural
Restructured loans
Number of Loans | loan	6	4	6	6
Pre- Modification Outstanding Recorded Investment	$ 5,228	$ 933	$ 5,228	$ 1,831
Post- Modification Outstanding Recorded Investment	$ 5,228	$ 930	$ 5,228	$ 1,828
Real estate – 1-4 family mortgage:
Restructured loans
Number of Loans | loan		13		16
Pre- Modification Outstanding Recorded Investment		$ 1,818		$ 2,264
Post- Modification Outstanding Recorded Investment		$ 1,824		$ 2,273
Real estate – 1-4 family mortgage: | Primary
Restructured loans
Number of Loans | loan	9	12	12	15
Pre- Modification Outstanding Recorded Investment	$ 1,371	$ 1,709	$ 1,803	$ 2,155
Post- Modification Outstanding Recorded Investment	$ 1,377	$ 1,714	$ 1,812	$ 2,163
Real estate – 1-4 family mortgage: | Rental/investment
Restructured loans
Number of Loans | loan		1		1
Pre- Modification Outstanding Recorded Investment		$ 109		$ 109
Post- Modification Outstanding Recorded Investment		$ 110		$ 110
Real estate – commercial mortgage:
Restructured loans
Number of Loans | loan		2		2
Pre- Modification Outstanding Recorded Investment		$ 2,852		$ 2,852
Post- Modification Outstanding Recorded Investment		$ 2,802		$ 2,802
Real estate – commercial mortgage: | Owner-occupied
Restructured loans
Number of Loans | loan		1		1
Pre- Modification Outstanding Recorded Investment		$ 2,663		$ 2,663
Post- Modification Outstanding Recorded Investment		$ 2,613		$ 2,613
Real estate – commercial mortgage: | Non-owner occupied
Restructured loans
Number of Loans | loan		1	1	1
Pre- Modification Outstanding Recorded Investment		$ 189	$ 837	$ 189
Post- Modification Outstanding Recorded Investment		$ 189	$ 810	$ 189
Installment loans to individuals
Restructured loans
Number of Loans | loan		2		2
Pre- Modification Outstanding Recorded Investment		$ 24		$ 24
Post- Modification Outstanding Recorded Investment		$ 21		$ 21

XML

Non Purchased Loans - Changes in Restructured Loans (Details) - Non purchased loans and leases $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($) loan
Changes in restructured loans [Roll Forward]
Total, beginning balance | loan	76
Additional advances or loans with concessions | loan	19
Reclassified as performing restructured loan | loan	1
Reductions due to:
Reclassified as nonperforming | loan	(1)
Paid in full | loan	(5)
Principal paydowns | loan	0
Total, ending balance | loan	90
Recorded Investment
Total, beginning balance | $	$ 11,761
Additional advances or loans with concessions | $	7,865
Reclassified as performing restructured loan | $	35
Reductions due to:
Reclassified as nonperforming | $	(179)
Paid in full | $	(428)
Principal paydowns | $	(216)
Total, ending balance | $	$ 18,838

XML

Non Purchased Loans - Loan Portfolio by Risk-Rating Grades (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Loan portfolio by risk-rating grades
Loans, net of unearned income	$ 10,149,242	$ 10,933,647	$ 10,997,304
Commercial, financial, agricultural
Loan portfolio by risk-rating grades
Loans, net of unearned income	1,634,633		2,641,598
Lease Financing Receivables
Loan portfolio by risk-rating grades
Loans, net of unearned income	74,003		80,779
Real estate – construction:
Loan portfolio by risk-rating grades
Loans, net of unearned income	1,051,359		791,108
Real estate – 1-4 family mortgage:
Loan portfolio by risk-rating grades
Loans, net of unearned income	2,702,091		2,788,513
Real estate – commercial mortgage:
Loan portfolio by risk-rating grades
Loans, net of unearned income	4,530,169		4,410,753
Installment loans to individuals
Loan portfolio by risk-rating grades
Loans, net of unearned income	156,987		$ 284,553
Non purchased loans and leases
Loan portfolio by risk-rating grades
Loans, net of unearned income	8,892,544	9,419,540
Non purchased loans and leases | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	868,134	2,925,230
Prior year	1,921,788	1,329,667
Two years prior	1,256,771	610,250
Three years prior	511,608	498,294
Four years prior	394,483	372,095
Prior	532,627	300,805
Revolving Loans	561,742	356,222
Revolving Loans Converted to Term	30,336	25,219
Loans, net of unearned income	6,077,489	6,417,782
Non purchased loans and leases | Pass
Loan portfolio by risk-rating grades
Current year	864,750	2,909,247
Prior year	1,904,267	1,308,939
Two years prior	1,236,086	599,386
Three years prior	490,583	441,774
Four years prior	338,703	346,829
Prior	488,759	283,632
Revolving Loans	559,591	350,588
Revolving Loans Converted to Term	27,795	22,495
Loans, net of unearned income	5,910,534	6,262,890
Non purchased loans and leases | Special Mention
Loan portfolio by risk-rating grades
Current year	1,590	10,400
Prior year	14,473	7,622
Two years prior	8,405	3,214
Three years prior	13,639	45,076
Four years prior	41,537	6,455
Prior	23,133	11,341
Revolving Loans	603	187
Revolving Loans Converted to Term	1,737	1,837
Loans, net of unearned income	105,117	86,132
Non purchased loans and leases | Substandard
Loan portfolio by risk-rating grades
Current year	1,794	5,583
Prior year	3,048	13,106
Two years prior	12,280	7,650
Three years prior	7,386	11,444
Four years prior	14,243	18,811
Prior	20,735	5,832
Revolving Loans	1,548	5,447
Revolving Loans Converted to Term	804	887
Loans, net of unearned income	61,838	68,760
Non purchased loans and leases | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	418,342	780,512
Prior year	705,395	524,963
Two years prior	402,225	353,307
Three years prior	282,162	258,589
Four years prior	208,553	147,342
Prior	316,206	238,801
Revolving Loans	478,327	693,698
Revolving Loans Converted to Term	3,845	4,546
Loans, net of unearned income	2,815,055	3,001,758
Non purchased loans and leases | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	418,148	780,449
Prior year	704,838	522,064
Two years prior	399,043	349,003
Three years prior	278,217	256,112
Four years prior	206,317	146,353
Prior	312,930	235,757
Revolving Loans	477,644	692,924
Revolving Loans Converted to Term	3,680	4,031
Loans, net of unearned income	2,800,817	2,986,693
Non purchased loans and leases | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	194	63
Prior year	557	2,899
Two years prior	3,182	4,304
Three years prior	3,945	2,477
Four years prior	2,236	989
Prior	3,276	3,044
Revolving Loans	683	774
Revolving Loans Converted to Term	165	515
Loans, net of unearned income	14,238	15,065
Non purchased loans and leases | Commercial | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	1,604
Prior year	1,241
Two years prior	239
Three years prior	0
Four years prior	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Loans, net of unearned income	3,084
Non purchased loans and leases | Commercial | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	1,604
Prior year	1,241
Two years prior	239
Three years prior	0
Four years prior	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Loans, net of unearned income	3,084
Non purchased loans and leases | Commercial | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0
Prior year	0
Two years prior	0
Three years prior	0
Four years prior	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Term	0
Loans, net of unearned income	0
Non purchased loans and leases | Commercial, financial, agricultural | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	161,337	1,448,273
Prior year	521,228	183,627
Two years prior	171,979	76,912
Three years prior	61,489	36,866
Four years prior	30,000	18,124
Prior	17,698	15,844
Revolving Loans	441,033	255,522
Revolving Loans Converted to Term	2,941	2,449
Loans, net of unearned income	1,407,705	2,037,617
Non purchased loans and leases | Commercial, financial, agricultural | Pass
Loan portfolio by risk-rating grades
Current year	160,584	1,447,594
Prior year	520,874	180,979
Two years prior	168,388	73,325
Three years prior	58,126	31,362
Four years prior	24,990	16,308
Prior	15,221	14,626
Revolving Loans	439,248	250,528
Revolving Loans Converted to Term	2,137	1,562
Loans, net of unearned income	1,389,568	2,016,284
Non purchased loans and leases | Commercial, financial, agricultural | Special Mention
Loan portfolio by risk-rating grades
Current year	0	128
Prior year	115	1,952
Two years prior	2,527	2,091
Three years prior	298	3,850
Four years prior	673	1,416
Prior	1,410	109
Revolving Loans	252	187
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,275	9,733
Non purchased loans and leases | Commercial, financial, agricultural | Substandard
Loan portfolio by risk-rating grades
Current year	753	551
Prior year	239	696
Two years prior	1,064	1,496
Three years prior	3,065	1,654
Four years prior	4,337	400
Prior	1,067	1,109
Revolving Loans	1,533	4,807
Revolving Loans Converted to Term	804	887
Loans, net of unearned income	12,862	11,600
Non purchased loans and leases | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	15,099	33,805
Prior year	16,477	16,455
Two years prior	11,460	10,381
Three years prior	7,023	6,396
Four years prior	4,389	2,826
Prior	11,052	7,201
Revolving Loans	36,398	245,485
Revolving Loans Converted to Term	305	305
Loans, net of unearned income	102,203	322,854
Non purchased loans and leases | Commercial, financial, agricultural | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	15,099	33,794
Prior year	16,477	16,343
Two years prior	11,313	10,340
Three years prior	6,915	6,026
Four years prior	4,174	2,748
Prior	10,969	7,181
Revolving Loans	36,151	245,059
Revolving Loans Converted to Term	305	305
Loans, net of unearned income	101,403	321,796
Non purchased loans and leases | Commercial, financial, agricultural | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	11
Prior year	0	112
Two years prior	147	41
Three years prior	108	370
Four years prior	215	78
Prior	83	20
Revolving Loans	247	426
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	800	1,058
Non purchased loans and leases | Lease Financing Receivables | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	14,387	32,150
Prior year	25,526	25,270
Two years prior	19,722	10,999
Three years prior	9,276	4,231
Four years prior	3,046	1,040
Prior	2,046	2,172
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	74,003	75,862
Non purchased loans and leases | Lease Financing Receivables | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	14,387	32,150
Prior year	25,526	25,270
Two years prior	19,722	10,999
Three years prior	9,276	4,231
Four years prior	3,046	992
Prior	2,046	2,172
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	74,003	75,814
Non purchased loans and leases | Lease Financing Receivables | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	48
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	48
Non purchased loans and leases | Real estate – construction: | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	221,640	398,891
Prior year	407,728	266,471
Two years prior	293,244	52,520
Three years prior	29,050	29,300
Four years prior	149	0
Prior	0	0
Revolving Loans	6,907	13,927
Revolving Loans Converted to Term	5,803	0
Loans, net of unearned income	964,521	761,109
Non purchased loans and leases | Real estate – construction: | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	20,974	54,918
Prior year	50,321	10,334
Two years prior	2,777	295
Three years prior	0	153
Four years prior	20	0
Prior	0	0
Revolving Loans	0	343
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	74,092	66,043
Non purchased loans and leases | Real estate – construction: | Residential | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	130,319	154,649
Prior year	58,469	9,836
Two years prior	2,093	2,114
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	6,907	13,923
Revolving Loans Converted to Term	5,803	0
Loans, net of unearned income	203,591	180,522
Non purchased loans and leases | Real estate – construction: | Residential | Pass
Loan portfolio by risk-rating grades
Current year	130,319	154,419
Prior year	57,922	9,339
Two years prior	2,093	2,114
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	6,907	13,923
Revolving Loans Converted to Term	5,803	0
Loans, net of unearned income	203,044	179,795
Non purchased loans and leases | Real estate – construction: | Residential | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	547	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	547	0
Non purchased loans and leases | Real estate – construction: | Residential | Substandard
Loan portfolio by risk-rating grades
Current year	0	230
Prior year	0	497
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	727
Non purchased loans and leases | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	19,370	53,108
Prior year	49,080	9,393
Two years prior	2,538	295
Three years prior	0	153
Four years prior	20	0
Prior	0	0
Revolving Loans	0	343
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	71,008	63,292
Non purchased loans and leases | Real estate – construction: | Residential | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	19,370	53,108
Prior year	49,080	9,393
Two years prior	2,538	295
Three years prior	0	153
Four years prior	20	0
Prior	0	0
Revolving Loans	0	343
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	71,008	63,292
Non purchased loans and leases | Real estate – construction: | Residential | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Non purchased loans and leases | Real estate – construction: | Commercial | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	91,321	244,242
Prior year	349,259	256,635
Two years prior	291,151	50,406
Three years prior	29,050	29,300
Four years prior	149	0
Prior	0	0
Revolving Loans	0	4
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	760,930	580,587
Non purchased loans and leases | Real estate – construction: | Commercial | Pass
Loan portfolio by risk-rating grades
Current year	91,321	244,242
Prior year	349,259	251,937
Two years prior	286,471	50,406
Three years prior	29,050	29,300
Four years prior	149	0
Prior	0	0
Revolving Loans	0	4
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	756,250	575,889
Non purchased loans and leases | Real estate – construction: | Commercial | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	4,698
Two years prior	4,680	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	4,680	4,698
Non purchased loans and leases | Real estate – construction: | Commercial | Substandard
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Non purchased loans and leases | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year		1,810
Prior year		941
Two years prior		0
Three years prior		0
Four years prior		0
Prior		0
Revolving Loans		0
Revolving Loans Converted to Term		0
Loans, net of unearned income		2,751
Non purchased loans and leases | Real estate – construction: | Commercial | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year		1,810
Prior year		941
Two years prior		0
Three years prior		0
Four years prior		0
Prior		0
Revolving Loans		0
Revolving Loans Converted to Term		0
Loans, net of unearned income		2,751
Non purchased loans and leases | Real estate – construction: | Commercial | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year		0
Prior year		0
Two years prior		0
Three years prior		0
Four years prior		0
Prior		0
Revolving Loans		0
Revolving Loans Converted to Term		0
Loans, net of unearned income		0
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	83,874	110,246
Prior year	82,347	78,482
Two years prior	57,180	36,613
Three years prior	22,817	30,018
Four years prior	19,601	13,197
Prior	12,129	7,172
Revolving Loans	13,870	10,658
Revolving Loans Converted to Term	538	1,909
Loans, net of unearned income	292,356	288,295
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	295,117	517,553
Prior year	508,702	344,643
Two years prior	274,815	261,735
Three years prior	210,531	196,777
Four years prior	159,432	105,216
Prior	268,946	212,214
Revolving Loans	422,623	426,437
Revolving Loans Converted to Term	3,052	3,694
Loans, net of unearned income	2,143,218	2,068,269
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	6,270	9,422
Prior year	7,639	6,691
Two years prior	4,917	3,988
Three years prior	3,754	4,644
Four years prior	3,913	371
Prior	972	1,060
Revolving Loans	4,930	629
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	32,395	26,805
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Pass
Loan portfolio by risk-rating grades
Current year	6,270	9,422
Prior year	7,639	5,870
Two years prior	4,131	3,988
Three years prior	3,754	4,644
Four years prior	3,913	371
Prior	960	1,045
Revolving Loans	4,930	629
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	31,597	25,969
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	125
Two years prior	120	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	120	125
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Substandard
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	696
Two years prior	666	0
Three years prior	0	0
Four years prior	0	0
Prior	12	15
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	678	711
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	267,460	470,034
Prior year	468,784	321,155
Two years prior	257,747	239,542
Three years prior	192,337	176,926
Four years prior	143,698	92,195
Prior	259,743	207,721
Revolving Loans	1,823	1,758
Revolving Loans Converted to Term	0	45
Loans, net of unearned income	1,591,592	1,509,376
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	267,460	470,034
Prior year	468,317	318,929
Two years prior	255,346	235,816
Three years prior	188,569	175,219
Four years prior	142,013	91,479
Prior	257,432	205,530
Revolving Loans	1,812	1,747
Revolving Loans Converted to Term	0	45
Loans, net of unearned income	1,580,949	1,498,799
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	467	2,226
Two years prior	2,401	3,726
Three years prior	3,768	1,707
Four years prior	1,685	716
Prior	2,311	2,191
Revolving Loans	11	11
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	10,643	10,577
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	1,171	157
Prior year	200	184
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	3,676	6,051
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,047	6,392
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Pass
Loan portfolio by risk-rating grades
Current year	1,171	157
Prior year	200	184
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	3,676	6,051
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,047	6,392
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Substandard
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	342	0
Prior year	0	203
Two years prior	124	372
Three years prior	364	0
Four years prior	0	45
Prior	614	799
Revolving Loans	417,798	421,838
Revolving Loans Converted to Term	2,556	3,119
Loans, net of unearned income	421,798	426,376
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	342	0
Prior year	0	203
Two years prior	124	372
Three years prior	364	0
Four years prior	0	45
Prior	538	684
Revolving Loans	417,373	421,516
Revolving Loans Converted to Term	2,411	2,642
Loans, net of unearned income	421,152	425,462
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	76	115
Revolving Loans	425	322
Revolving Loans Converted to Term	145	477
Loans, net of unearned income	646	914
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	46,639	50,558
Prior year	48,640	32,656
Two years prior	24,234	27,483
Three years prior	18,526	25,019
Four years prior	15,448	12,620
Prior	10,668	5,699
Revolving Loans	985	1,066
Revolving Loans Converted to Term	538	557
Loans, net of unearned income	165,678	155,658
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Pass
Loan portfolio by risk-rating grades
Current year	46,619	50,371
Prior year	48,541	31,724
Two years prior	23,172	26,695
Three years prior	18,394	24,872
Four years prior	15,324	12,439
Prior	10,326	5,166
Revolving Loans	985	1,066
Revolving Loans Converted to Term	538	557
Loans, net of unearned income	163,899	152,890
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	83
Four years prior	0	77
Prior	74	133
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	74	293
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Substandard
Loan portfolio by risk-rating grades
Current year	20	187
Prior year	99	932
Two years prior	1,062	788
Three years prior	132	64
Four years prior	124	104
Prior	268	400
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,705	2,475
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	19,972	34,079
Prior year	29,786	20,499
Two years prior	15,217	18,319
Three years prior	15,178	17,758
Four years prior	14,417	11,907
Prior	7,991	3,356
Revolving Loans	2,662	2,330
Revolving Loans Converted to Term	496	530
Loans, net of unearned income	105,719	108,778
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	19,834	34,079
Prior year	29,786	20,404
Two years prior	15,143	18,245
Three years prior	15,178	17,595
Four years prior	14,340	11,901
Prior	7,826	3,196
Revolving Loans	2,662	2,330
Revolving Loans Converted to Term	496	530
Loans, net of unearned income	105,265	108,280
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	138	0
Prior year	0	95
Two years prior	74	74
Three years prior	0	163
Four years prior	77	6
Prior	165	160
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	454	498
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	29,794	50,109
Prior year	25,868	38,951
Two years prior	28,029	5,142
Three years prior	537	355
Four years prior	240	206
Prior	489	413
Revolving Loans	4,279	2,912
Revolving Loans Converted to Term	0	1,352
Loans, net of unearned income	89,236	99,440
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Pass
Loan portfolio by risk-rating grades
Current year	29,794	50,109
Prior year	23,192	38,388
Two years prior	27,922	5,142
Three years prior	537	355
Four years prior	240	203
Prior	489	413
Revolving Loans	4,279	2,912
Revolving Loans Converted to Term	0	1,352
Loans, net of unearned income	86,453	98,874
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	2,676	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,676	0
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Substandard
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	563
Two years prior	107	0
Three years prior	0	0
Four years prior	0	3
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	107	566
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	7,343	13,440
Prior year	10,132	2,786
Two years prior	1,727	3,502
Three years prior	2,652	2,093
Four years prior	1,317	1,069
Prior	598	338
Revolving Loans	340	511
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	24,109	23,739
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	7,343	13,440
Prior year	10,132	2,786
Two years prior	1,727	3,502
Three years prior	2,650	2,062
Four years prior	1,234	1,069
Prior	494	338
Revolving Loans	340	511
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	23,920	23,708
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	2	31
Four years prior	83	0
Prior	104	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	189	31
Non purchased loans and leases | Real estate – commercial mortgage: | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	401,283	967,746
Prior year	910,479	801,083
Two years prior	734,366	444,205
Three years prior	398,252	402,110
Four years prior	344,733	340,774
Prior	502,800	277,789
Revolving Loans	99,932	76,115
Revolving Loans Converted to Term	21,054	20,845
Loans, net of unearned income	3,412,899	3,330,667
Non purchased loans and leases | Real estate – commercial mortgage: | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	49,654	81,953
Prior year	73,344	71,063
Two years prior	61,707	56,193
Three years prior	45,145	47,013
Four years prior	38,791	35,801
Prior	31,790	15,679
Revolving Loans	9,536	10,772
Revolving Loans Converted to Term	443	488
Loans, net of unearned income	310,410	318,962
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	13,622	36,872
Prior year	21,457	21,278
Two years prior	14,466	8,048
Three years prior	5,607	3,279
Four years prior	2,766	4,887
Prior	3,685	3,098
Revolving Loans	5,996	6,976
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	67,599	84,438
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Pass
Loan portfolio by risk-rating grades
Current year	13,577	34,719
Prior year	19,325	21,278
Two years prior	14,466	6,925
Three years prior	5,607	3,210
Four years prior	2,707	3,274
Prior	3,674	3,098
Revolving Loans	5,996	6,976
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	65,352	79,480
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Special Mention
Loan portfolio by risk-rating grades
Current year	45	0
Prior year	0	0
Two years prior	0	1,123
Three years prior	0	69
Four years prior	59	46
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	104	1,238
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Substandard
Loan portfolio by risk-rating grades
Current year	0	2,153
Prior year	2,132	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	1,567
Prior	11	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,143	3,720
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	6,443	12,656
Prior year	10,444	7,872
Two years prior	5,738	4,988
Three years prior	3,708	2,926
Four years prior	2,214	3,759
Prior	2,408	580
Revolving Loans	2,493	2,854
Revolving Loans Converted to Term	0	52
Loans, net of unearned income	33,448	35,687
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	6,443	12,656
Prior year	10,439	7,872
Two years prior	5,738	4,988
Three years prior	3,666	2,922
Four years prior	2,214	3,759
Prior	2,264	466
Revolving Loans	2,493	2,854
Revolving Loans Converted to Term	0	52
Loans, net of unearned income	33,257	35,569
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	5	0
Two years prior	0	0
Three years prior	42	4
Four years prior	0	0
Prior	144	114
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	191	118
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	145,768	295,642
Prior year	297,847	256,807
Two years prior	226,086	199,082
Three years prior	165,077	169,527
Four years prior	143,037	99,540
Prior	155,885	85,614
Revolving Loans	33,928	16,683
Revolving Loans Converted to Term	9,132	9,733
Loans, net of unearned income	1,176,760	1,132,628
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Pass
Loan portfolio by risk-rating grades
Current year	144,957	293,851
Prior year	295,064	255,206
Two years prior	224,524	193,716
Three years prior	160,888	163,358
Four years prior	136,955	96,128
Prior	146,755	83,582
Revolving Loans	33,562	16,043
Revolving Loans Converted to Term	7,395	7,896
Loans, net of unearned income	1,150,100	1,109,780
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Special Mention
Loan portfolio by risk-rating grades
Current year	0	1,167
Prior year	2,205	847
Two years prior	832	0
Three years prior	0	2,067
Four years prior	1,877	228
Prior	5,568	311
Revolving Loans	351	0
Revolving Loans Converted to Term	1,737	1,837
Loans, net of unearned income	12,570	6,457
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Substandard
Loan portfolio by risk-rating grades
Current year	811	624
Prior year	578	754
Two years prior	730	5,366
Three years prior	4,189	4,102
Four years prior	4,205	3,184
Prior	3,562	1,721
Revolving Loans	15	640
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	14,090	16,391
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	28,626	48,814
Prior year	45,009	44,606
Two years prior	39,590	36,661
Three years prior	29,545	30,266
Four years prior	26,029	23,974
Prior	22,529	11,608
Revolving Loans	4,762	5,919
Revolving Loans Converted to Term	300	289
Loans, net of unearned income	196,390	202,137
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	28,626	48,814
Prior year	45,009	44,344
Two years prior	39,113	36,349
Three years prior	29,545	30,097
Four years prior	25,871	23,885
Prior	22,225	11,216
Revolving Loans	4,762	5,904
Revolving Loans Converted to Term	300	289
Loans, net of unearned income	195,451	200,898
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	262
Two years prior	477	312
Three years prior	0	169
Four years prior	158	89
Prior	304	392
Revolving Loans	0	15
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	939	1,239
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	241,893	635,232
Prior year	591,175	522,998
Two years prior	493,814	237,075
Three years prior	227,568	229,304
Four years prior	198,930	236,347
Prior	343,230	189,077
Revolving Loans	60,008	52,456
Revolving Loans Converted to Term	11,922	11,112
Loans, net of unearned income	2,168,540	2,113,601
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Pass
Loan portfolio by risk-rating grades
Current year	240,138	624,289
Prior year	582,245	514,030
Two years prior	484,917	237,075
Three years prior	214,227	184,673
Four years prior	154,425	218,106
Prior	311,334	175,702
Revolving Loans	60,008	52,456
Revolving Loans Converted to Term	11,922	11,112
Loans, net of unearned income	2,059,216	2,017,443
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Special Mention
Loan portfolio by risk-rating grades
Current year	1,545	9,105
Prior year	8,930	0
Two years prior	246	0
Three years prior	13,341	39,007
Four years prior	38,928	4,688
Prior	16,081	10,788
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	79,071	63,588
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Substandard
Loan portfolio by risk-rating grades
Current year	210	1,838
Prior year	0	8,968
Two years prior	8,651	0
Three years prior	0	5,624
Four years prior	5,577	13,553
Prior	15,815	2,587
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	30,253	32,570
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	14,585	20,483
Prior year	17,891	18,585
Two years prior	16,379	14,544
Three years prior	11,892	13,821
Four years prior	10,548	8,068
Prior	6,853	3,491
Revolving Loans	2,281	1,999
Revolving Loans Converted to Term	143	147
Loans, net of unearned income	80,572	81,138
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	14,585	20,483
Prior year	17,891	18,460
Two years prior	16,379	14,486
Three years prior	11,892	13,821
Four years prior	10,548	8,068
Prior	6,806	3,439
Revolving Loans	2,281	1,999
Revolving Loans Converted to Term	143	147
Loans, net of unearned income	80,525	80,903
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	125
Two years prior	0	58
Three years prior	0	0
Four years prior	0	0
Prior	47	52
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	47	235
Non purchased loans and leases | Installment loans to individuals | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	74
Prior year	6	4
Two years prior	2	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	16
Loans, net of unearned income	8	94
Non purchased loans and leases | Installment loans to individuals | Pass
Loan portfolio by risk-rating grades
Current year	0	74
Prior year	6	4
Two years prior	2	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	16
Loans, net of unearned income	8	94
Non purchased loans and leases | Installment loans to individuals | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Non purchased loans and leases | Installment loans to individuals | Substandard
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Non purchased loans and leases | Installment loans to individuals | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	23,111	60,133
Prior year	31,025	57,198
Two years prior	31,744	13,704
Three years prior	10,187	4,019
Four years prior	2,875	2,459
Prior	2,372	1,535
Revolving Loans	9,770	10,661
Revolving Loans Converted to Term	45	59
Loans, net of unearned income	111,129	149,768
Non purchased loans and leases | Installment loans to individuals | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	23,055	60,081
Prior year	30,940	57,119
Two years prior	31,661	13,611
Three years prior	10,162	3,986
Four years prior	2,857	2,407
Prior	2,330	1,535
Revolving Loans	9,770	10,661
Revolving Loans Converted to Term	25	21
Loans, net of unearned income	110,800	149,421
Non purchased loans and leases | Installment loans to individuals | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	56	52
Prior year	85	79
Two years prior	83	93
Three years prior	25	33
Four years prior	18	52
Prior	42	0
Revolving Loans	0	0
Revolving Loans Converted to Term	20	38
Loans, net of unearned income	$ 329	$ 347

XML

Non Purchased Loans - Loan Portfolio Not Subject to Risk Rating (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Loan portfolio not subject to risk rating
Loans, net of unearned income	$ 10,149,242	$ 10,933,647	$ 10,997,304
Commercial, financial, agricultural
Loan portfolio not subject to risk rating
Loans, net of unearned income	1,634,633		2,641,598
Lease financing
Loan portfolio not subject to risk rating
Loans, net of unearned income	74,003		80,779
Real estate – construction:
Loan portfolio not subject to risk rating
Loans, net of unearned income	1,051,359		791,108
Real estate – 1-4 family mortgage:
Loan portfolio not subject to risk rating
Loans, net of unearned income	2,702,091		2,788,513
Real estate – commercial mortgage:
Loan portfolio not subject to risk rating
Loans, net of unearned income	4,530,169		4,410,753
Installment loans to individuals
Loan portfolio not subject to risk rating
Loans, net of unearned income	156,987		$ 284,553
Non purchased loans and leases
Loan portfolio not subject to risk rating
Loans, net of unearned income	$ 8,892,544	$ 9,419,540

XML

Purchased Loans - Summary of Purchased Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Summary of loans
Gross loans	$ 10,149,242	$ 10,933,647	$ 10,997,304
Commercial, financial, agricultural
Summary of loans
Gross loans	1,634,633		2,641,598
Real estate – construction:
Summary of loans
Gross loans	1,051,359		791,108
Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	2,702,091		2,788,513
Real estate – commercial mortgage:
Summary of loans
Gross loans	4,530,169		4,410,753
Installment loans to individuals
Summary of loans
Gross loans	156,987		$ 284,553
Purchased loans
Summary of loans
Gross loans	1,256,698	1,514,107
Purchased loans | Commercial, financial, agricultural
Summary of loans
Gross loans	124,725	176,513
Purchased loans | Real estate – construction:
Summary of loans
Gross loans	12,746	30,952
Purchased loans | Real estate – construction: | Residential
Summary of loans
Gross loans	2,564	2,859
Purchased loans | Real estate – construction: | Commercial
Summary of loans
Gross loans	10,182	28,093
Purchased loans | Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	266,517	341,744
Purchased loans | Real estate – 1-4 family mortgage: | Primary
Summary of loans
Gross loans	166,535	214,770
Purchased loans | Real estate – 1-4 family mortgage: | Home equity
Summary of loans
Gross loans	63,088	80,392
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment
Summary of loans
Gross loans	25,944	31,928
Purchased loans | Real estate – 1-4 family mortgage: | Land development
Summary of loans
Gross loans	10,950	14,654
Purchased loans | Real estate – commercial mortgage:
Summary of loans
Gross loans	806,860	905,223
Purchased loans | Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	23,902	29,454
Purchased loans | Real estate – commercial mortgage: | Owner-occupied
Summary of loans
Gross loans	290,041	323,041
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied
Summary of loans
Gross loans	492,917	552,728
Purchased loans | Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	23,902	29,454
Purchased loans | Installment loans to individuals
Summary of loans
Gross loans	$ 45,850	$ 59,675

XML

Purchased Loans - Aging of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 10,149,242	$ 10,933,647	$ 10,997,304
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,634,633		2,641,598
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,051,359		791,108
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,702,091		2,788,513
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,530,169		4,410,753
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	156,987		$ 284,553
Purchased loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,256,698	1,514,107
Purchased loans | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,229,008	1,483,056
Purchased loans | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	3,783	8,651
Purchased loans | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	945	267
Purchased loans | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,224,280	1,474,138
Purchased loans | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	27,690	31,051
Purchased loans | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,096	8,671
Purchased loans | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,332	6,968
Purchased loans | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	20,262	15,412
Purchased loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	124,725	176,513
Purchased loans | Commercial, financial, agricultural | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	114,178	164,577
Purchased loans | Commercial, financial, agricultural | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	376	818
Purchased loans | Commercial, financial, agricultural | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	101
Purchased loans | Commercial, financial, agricultural | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	113,802	163,658
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,547	11,936
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,293	74
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,698	2,024
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	7,556	9,838
Purchased loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12,746	30,952
Purchased loans | Real estate – construction: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12,746	30,952
Purchased loans | Real estate – construction: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	46	0
Purchased loans | Real estate – construction: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12,700	30,952
Purchased loans | Real estate – construction: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	266,517	341,744
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	260,326	333,644
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,289	2,977
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	37	131
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	258,000	330,536
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	6,191	8,100
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	702	691
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,694	4,197
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,795	3,212
Purchased loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	806,860	905,223
Purchased loans | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	796,289	894,483
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	146	2,830
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	900	0
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	795,243	891,653
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,571	10,740
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	89	7,875
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	792	611
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	9,690	2,254
Purchased loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	45,850	59,675
Purchased loans | Installment loans to individuals | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	45,469	59,400
Purchased loans | Installment loans to individuals | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	926	2,026
Purchased loans | Installment loans to individuals | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	8	35
Purchased loans | Installment loans to individuals | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	44,535	57,339
Purchased loans | Installment loans to individuals | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	381	275
Purchased loans | Installment loans to individuals | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12	31
Purchased loans | Installment loans to individuals | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	148	136
Purchased loans | Installment loans to individuals | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	221	108
Purchased loans | Residential | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,564	2,859
Purchased loans | Residential | Real estate – construction: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,564	2,859
Purchased loans | Residential | Real estate – construction: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	46	0
Purchased loans | Residential | Real estate – construction: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Residential | Real estate – construction: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,518	2,859
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Commercial | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,182	28,093
Purchased loans | Commercial | Real estate – construction: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,182	28,093
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,182	28,093
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Primary | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	166,535	214,770
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	161,859	209,103
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,530	2,394
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	37	74
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	160,292	206,635
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,676	5,667
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	625	687
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,958	2,799
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,093	2,181
Purchased loans | Home equity | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	63,088	80,392
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	61,695	79,076
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	555	294
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	43
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	61,140	78,739
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,393	1,316
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	36	4
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	680	674
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	677	638
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	25,944	31,928
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	25,834	31,125
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	104	180
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	14
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	25,730	30,931
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	110	803
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	41	0
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	56	724
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	13	79
Purchased loans | Land development | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,950	14,654
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,938	14,340
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	100	109
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,838	14,231
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12	314
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12	314
Purchased loans | Land development | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	23,902	29,454
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	23,622	29,074
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	86	112
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	55	0
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	23,481	28,962
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	280	380
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	138	164
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	142	216
Purchased loans | Owner-occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	290,041	323,041
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	287,702	320,508
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	60	2,511
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	287,642	317,997
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,339	2,533
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	89	193
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	654	447
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,596	1,893
Purchased loans | Non-owner occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	492,917	552,728
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	484,965	544,901
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	207
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	845	0
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	484,120	544,694
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	7,952	7,827
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	7,682
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	0	0
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 7,952	$ 145

XML

Purchased Loans - Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Loans and Allowance for Loan Losses (Textual) [Abstract]
Outstanding balance of restructured loans		$ 9,976,888,000			$ 10,757,503,000
Allowance for loan losses attributable to restructured loans	$ 145,387,000	$ 172,354,000	$ 145,387,000	$ 173,106,000	$ 176,144,000	$ 120,185,000	$ 52,162,000
Purchased loans
Loans and Allowance for Loan Losses (Textual) [Abstract]
Number of restructured loans | loan		1	3
Restructured loans discontinued past due period		90 days	90 days
Remaining availability under commitments to lend additional funds on restructured loans	$ 242,000	$ 1,000	$ 242,000
Number of loan modifications | loan	6	2	7
Modified loans, balance	$ 1,890,000	$ 997,000	$ 2,114,000
Troubled debt restructured that has subsequently defaulted		$ 0	0
Purchased loans | Loan deferral | Loan Deferral Program, CARES Act
Loans and Allowance for Loan Losses (Textual) [Abstract]
Number of loan modifications | loan		33
Modified loans, balance		$ 2,300,000
Purchased loans | Nonaccruing Loans
Loans and Allowance for Loan Losses (Textual) [Abstract]
Outstanding balance of restructured loans	207,000	37,000	207,000
Purchased loans | Restructured loans
Loans and Allowance for Loan Losses (Textual) [Abstract]
Outstanding balance of restructured loans	7,851,000	18,279,000	7,851,000
Allowance for loan losses attributable to restructured loans	$ 302,000	$ 127,000	$ 302,000

XML

Purchased Loans - Impact of Modifications Classified as Restructured Loans (Details) - Purchased loans $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2020 USD ($) loan
Restructured loans
Number of Loans | loan		6	2	7
Pre- Modification Outstanding Recorded Investment		$ 1,890	$ 997	$ 2,114
Post- Modification Outstanding Recorded Investment		$ 1,893	$ 997	$ 2,008
Commercial, financial, agricultural
Restructured loans
Number of Loans | loan		1	1	1
Pre- Modification Outstanding Recorded Investment		$ 1,029	$ 135	$ 1,029
Post- Modification Outstanding Recorded Investment		$ 1,031	$ 135	$ 1,031
Real estate – 1-4 family mortgage:
Restructured loans
Number of Loans | loan		2		3
Pre- Modification Outstanding Recorded Investment		$ 225		$ 449
Post- Modification Outstanding Recorded Investment		$ 230		$ 345
Real estate – 1-4 family mortgage: | Primary
Restructured loans
Number of Loans | loan	1	1	1	2
Pre- Modification Outstanding Recorded Investment	$ 862	$ 66	$ 862	$ 290
Post- Modification Outstanding Recorded Investment	$ 862	$ 68	$ 862	$ 183
Real estate – 1-4 family mortgage: | Home equity
Restructured loans
Number of Loans | loan		1		1
Pre- Modification Outstanding Recorded Investment		$ 159		$ 159
Post- Modification Outstanding Recorded Investment		$ 162		$ 162
Real estate – commercial mortgage:
Restructured loans
Number of Loans | loan		2		2
Pre- Modification Outstanding Recorded Investment		$ 611		$ 611
Post- Modification Outstanding Recorded Investment		$ 613		$ 613
Real estate – commercial mortgage: | Owner-occupied
Restructured loans
Number of Loans | loan		1		1
Pre- Modification Outstanding Recorded Investment		$ 69		$ 69
Post- Modification Outstanding Recorded Investment		$ 69		$ 69
Real estate – commercial mortgage: | Non-owner occupied
Restructured loans
Number of Loans | loan		1		1
Pre- Modification Outstanding Recorded Investment		$ 542		$ 542
Post- Modification Outstanding Recorded Investment		$ 544		$ 544
Installment loans to individuals
Restructured loans
Number of Loans | loan		1		1
Pre- Modification Outstanding Recorded Investment		$ 25		$ 25
Post- Modification Outstanding Recorded Investment		$ 19		$ 19

XML

Purchased Loans - Changes in Restructured Loans (Details) - Purchased loans $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($) loan
Number of Loans
Total, beginning balance | loan	48
Additional advances or loans with concessions | loan	2
Reclassified to nonperforming loans | loan	(3)
Paid in full | loan	(4)
Charge-offs | loan	(1)
Principal paydowns | loan	0
Total, ending balance | loan	42
Recorded Investment
Total, beginning balance | $	$ 8,687
Additional advances or loans with concessions | $	1,236
Reclassified to nonperforming loans | $	(2,470)
Paid in full | $	(1,222)
Charge-offs | $	(205)
Principal paydowns | $	(154)
Total, ending balance | $	$ 5,872

XML

Purchased Loans - Loan Portfolio by Risk-Rating Grades (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 10,149,242	$ 10,933,647	$ 10,997,304
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,634,633		2,641,598
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,051,359		791,108
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,702,091		2,788,513
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,530,169		4,410,753
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	156,987		$ 284,553
Purchased loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,256,698	1,514,107
Purchased loans | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	711
Two years prior	679	129,343
Three years prior	87,972	197,536
Four years prior	180,926	205,757
Prior	600,740	494,579
Revolving Loans	58,134	88,151
Revolving Loans Converted to Term	16,664	6,729
Loans, net of unearned income	945,115	1,122,806
Purchased loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	711
Two years prior	679	105,035
Three years prior	69,379	180,249
Four years prior	163,949	159,612
Prior	513,553	435,652
Revolving Loans	52,932	69,482
Revolving Loans Converted to Term	412	409
Loans, net of unearned income	800,904	951,150
Purchased loans | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	2,948
Three years prior	0	97
Four years prior	1,582	15,076
Prior	18,808	9,224
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	20,390	27,345
Purchased loans | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	21,360
Three years prior	18,593	17,190
Four years prior	15,395	31,069
Prior	68,379	49,703
Revolving Loans	5,202	18,669
Revolving Loans Converted to Term	16,252	6,320
Loans, net of unearned income	123,821	144,311
Purchased loans | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	708
Two years prior	694	39,521
Three years prior	31,189	50,583
Four years prior	40,713	30,572
Prior	173,044	183,882
Revolving Loans	63,545	83,257
Revolving Loans Converted to Term	2,398	2,778
Loans, net of unearned income	311,583	391,301
Purchased loans | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	708
Two years prior	694	39,376
Three years prior	31,035	49,692
Four years prior	39,913	30,249
Prior	168,377	178,492
Revolving Loans	62,839	82,630
Revolving Loans Converted to Term	1,895	2,224
Loans, net of unearned income	304,753	383,371
Purchased loans | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	145
Three years prior	154	891
Four years prior	800	323
Prior	4,667	5,390
Revolving Loans	706	627
Revolving Loans Converted to Term	503	554
Loans, net of unearned income	6,830	7,930
Purchased loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	124,725	176,513
Purchased loans | Commercial, financial, agricultural | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	711
Two years prior	679	28,242
Three years prior	18,481	27,222
Four years prior	16,855	22,377
Prior	30,643	20,759
Revolving Loans	47,497	64,563
Revolving Loans Converted to Term	1,879	1,788
Loans, net of unearned income	116,034	165,662
Purchased loans | Commercial, financial, agricultural | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	711
Two years prior	679	24,211
Three years prior	16,261	20,930
Four years prior	11,563	17,240
Prior	23,206	16,880
Revolving Loans	42,942	56,736
Revolving Loans Converted to Term	412	409
Loans, net of unearned income	95,063	137,117
Purchased loans | Commercial, financial, agricultural | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	357
Three years prior	0	97
Four years prior	0	104
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	558
Purchased loans | Commercial, financial, agricultural | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	3,674
Three years prior	2,220	6,195
Four years prior	5,292	5,033
Prior	7,437	3,879
Revolving Loans	4,555	7,827
Revolving Loans Converted to Term	1,467	1,379
Loans, net of unearned income	20,971	27,987
Purchased loans | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	445
Three years prior	383	349
Four years prior	337	303
Prior	2,727	2,899
Revolving Loans	5,021	6,809
Revolving Loans Converted to Term	223	46
Loans, net of unearned income	8,691	10,851
Purchased loans | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	445
Three years prior	383	349
Four years prior	337	303
Prior	2,727	2,899
Revolving Loans	5,001	6,784
Revolving Loans Converted to Term	223	46
Loans, net of unearned income	8,671	10,826
Purchased loans | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	20	25
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	20	25
Purchased loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12,746	30,952
Purchased loans | Real estate – construction: | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	10,522
Three years prior	1,005	9,228
Four years prior	452	10,781
Prior	10,867	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	12,324	30,531
Purchased loans | Real estate – construction: | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	421
Three years prior	422	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	422	421
Purchased loans | Real estate – construction: | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,564	2,859
Purchased loans | Real estate – construction: | Residential | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	1,543
Three years prior	1,005	211
Four years prior	452	684
Prior	685	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,142	2,438
Purchased loans | Real estate – construction: | Residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	1,543
Three years prior	1,005	211
Four years prior	452	684
Prior	685	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,142	2,438
Purchased loans | Real estate – construction: | Residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	421
Three years prior	422	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	422	421
Purchased loans | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	421
Three years prior	422	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	422	421
Purchased loans | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,182	28,093
Purchased loans | Real estate – construction: | Commercial | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	8,979
Three years prior	0	9,017
Four years prior	0	10,097
Prior	10,182	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	10,182	28,093
Purchased loans | Real estate – construction: | Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	8,979
Three years prior	0	9,017
Four years prior	0	10,097
Prior	10,182	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	10,182	28,093
Purchased loans | Real estate – construction: | Commercial | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Commercial | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	266,517	341,744
Purchased loans | Real estate – 1-4 family mortgage: | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	14,022
Three years prior	11,373	7,126
Four years prior	4,555	1,112
Prior	30,598	38,747
Revolving Loans	888	957
Revolving Loans Converted to Term	226	253
Loans, net of unearned income	47,640	62,217
Purchased loans | Real estate – 1-4 family mortgage: | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	371
Two years prior	363	3,082
Three years prior	2,233	33,674
Four years prior	26,840	28,169
Prior	131,914	140,689
Revolving Loans	55,416	70,870
Revolving Loans Converted to Term	2,111	2,672
Loans, net of unearned income	218,877	279,527
Purchased loans | Real estate – 1-4 family mortgage: | Primary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	166,535	214,770
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	6,873
Three years prior	4,239	3,212
Four years prior	2,600	595
Prior	13,586	17,223
Revolving Loans	0	249
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	20,425	28,152
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	5,556
Three years prior	4,239	3,212
Four years prior	2,514	594
Prior	9,567	12,665
Revolving Loans	0	249
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	16,320	22,276
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	1,014	1,120
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,014	1,120
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	1,317
Three years prior	0	0
Four years prior	86	1
Prior	3,005	3,438
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	3,091	4,756
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	248
Two years prior	243	1,953
Three years prior	1,684	30,078
Four years prior	24,349	25,956
Prior	119,577	127,642
Revolving Loans	166	630
Revolving Loans Converted to Term	91	111
Loans, net of unearned income	146,110	186,618
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	248
Two years prior	243	1,842
Three years prior	1,574	29,321
Four years prior	23,741	25,935
Prior	115,772	122,970
Revolving Loans	166	630
Revolving Loans Converted to Term	22	25
Loans, net of unearned income	141,518	180,971
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	111
Three years prior	110	757
Four years prior	608	21
Prior	3,805	4,672
Revolving Loans	0	0
Revolving Loans Converted to Term	69	86
Loans, net of unearned income	4,592	5,647
Purchased loans | Real estate – 1-4 family mortgage: | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	63,088	80,392
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	651	697
Revolving Loans Converted to Term	226	253
Loans, net of unearned income	877	950
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	162	59
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	162	59
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	489	638
Revolving Loans Converted to Term	226	253
Loans, net of unearned income	715	891
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	742
Three years prior	549	3,324
Four years prior	2,295	1,668
Prior	2,109	1,027
Revolving Loans	55,238	70,120
Revolving Loans Converted to Term	2,020	2,561
Loans, net of unearned income	62,211	79,442
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	742
Three years prior	549	3,324
Four years prior	2,295	1,668
Prior	2,031	960
Revolving Loans	54,552	69,518
Revolving Loans Converted to Term	1,618	2,124
Loans, net of unearned income	61,045	78,336
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	78	67
Revolving Loans	686	602
Revolving Loans Converted to Term	402	437
Loans, net of unearned income	1,166	1,106
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	25,944	31,928
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	1,883
Four years prior	1,841	232
Prior	14,415	18,275
Revolving Loans	237	9
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	16,493	20,399
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	1,883
Four years prior	1,841	232
Prior	13,564	16,139
Revolving Loans	87	9
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	15,492	18,263
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	44
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	44
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	851	2,092
Revolving Loans	150	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,001	2,092
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	123
Two years prior	120	0
Three years prior	0	200
Four years prior	124	193
Prior	9,195	10,893
Revolving Loans	12	120
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	9,451	11,529
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	123
Two years prior	120	0
Three years prior	0	200
Four years prior	124	193
Prior	9,112	10,800
Revolving Loans	12	120
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	9,368	11,436
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	83	93
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	83	93
Purchased loans | Real estate – 1-4 family mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	10,950	14,654
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	7,149
Three years prior	7,134	2,031
Four years prior	114	285
Prior	2,597	3,249
Revolving Loans	0	2
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	9,845	12,716
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	7,149
Three years prior	7,134	2,009
Four years prior	87	285
Prior	1,184	1,793
Revolving Loans	0	2
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	8,405	11,238
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	22
Four years prior	27	0
Prior	1,413	1,456
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,440	1,478
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	387
Three years prior	0	72
Four years prior	72	352
Prior	1,033	1,127
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,105	1,938
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	387
Three years prior	0	30
Four years prior	72	117
Prior	1,033	1,127
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,105	1,661
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	42
Four years prior	0	235
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	277
Purchased loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	806,860	905,223
Purchased loans | Real estate – commercial mortgage: | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	76,557
Three years prior	57,113	153,960
Four years prior	159,064	171,487
Prior	528,632	435,073
Revolving Loans	9,749	22,631
Revolving Loans Converted to Term	14,559	4,688
Loans, net of unearned income	769,117	864,396
Purchased loans | Real estate – commercial mortgage: | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	337
Two years prior	331	597
Three years prior	1,199	1,063
Four years prior	1,112	982
Prior	33,778	35,946
Revolving Loans	1,323	1,902
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	37,743	40,827
Purchased loans | Real estate – commercial mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	23,902	29,454
Purchased loans | Real estate – commercial mortgage: | Land development | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	5,594
Three years prior	1,925	3,801
Four years prior	3,763	2,915
Prior	13,688	11,817
Revolving Loans	195	188
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	19,571	24,315
Purchased loans | Real estate – commercial mortgage: | Land development | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	5,594
Three years prior	1,925	3,801
Four years prior	3,763	2,780
Prior	7,522	4,962
Revolving Loans	195	188
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	13,405	17,325
Purchased loans | Real estate – commercial mortgage: | Land development | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	5,253	5,438
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,253	5,438
Purchased loans | Real estate – commercial mortgage: | Land development | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	135
Prior	913	1,417
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	913	1,552
Purchased loans | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	154
Three years prior	151	389
Four years prior	385	256
Prior	3,680	3,948
Revolving Loans	115	392
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	4,331	5,139
Purchased loans | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	154
Three years prior	151	389
Four years prior	385	256
Prior	3,625	3,890
Revolving Loans	115	392
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	4,276	5,081
Purchased loans | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	55	58
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	55	58
Purchased loans | Real estate – commercial mortgage: | Owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	290,041	323,041
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	15,001
Three years prior	14,682	32,567
Four years prior	33,181	61,568
Prior	217,414	181,007
Revolving Loans	3,174	9,723
Revolving Loans Converted to Term	2	2
Loans, net of unearned income	268,453	299,868
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	15,001
Three years prior	14,682	29,276
Four years prior	29,288	43,962
Prior	193,496	161,790
Revolving Loans	3,166	5,808
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	240,632	255,837
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	1,582	9,670
Prior	1,971	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	3,553	9,670
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	3,291
Four years prior	2,311	7,936
Prior	21,947	19,217
Revolving Loans	8	3,915
Revolving Loans Converted to Term	2	2
Loans, net of unearned income	24,268	34,361
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	644	625
Four years prior	589	660
Prior	19,562	20,531
Revolving Loans	793	1,357
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	21,588	23,173
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	644	625
Four years prior	589	660
Prior	19,301	20,253
Revolving Loans	793	1,357
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	21,327	22,895
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	261	278
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	261	278
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	492,917	552,728
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	55,962
Three years prior	40,506	117,592
Four years prior	122,120	107,004
Prior	297,530	242,249
Revolving Loans	6,380	12,720
Revolving Loans Converted to Term	14,557	4,686
Loans, net of unearned income	481,093	540,213
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	37,002
Three years prior	24,133	109,910
Four years prior	114,441	83,738
Prior	254,147	221,423
Revolving Loans	6,380	6,431
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	399,101	458,504
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	2,591
Three years prior	0	0
Four years prior	0	5,302
Prior	10,570	2,622
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	10,570	10,515
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	16,369
Three years prior	16,373	7,682
Four years prior	7,679	17,964
Prior	32,813	18,204
Revolving Loans	0	6,289
Revolving Loans Converted to Term	14,557	4,686
Loans, net of unearned income	71,422	71,194
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	337
Two years prior	331	443
Three years prior	404	49
Four years prior	138	66
Prior	10,536	11,467
Revolving Loans	415	153
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	11,824	12,515
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	337
Two years prior	331	443
Three years prior	404	49
Four years prior	0	66
Prior	10,409	11,331
Revolving Loans	415	153
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	11,559	12,379
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	138	0
Prior	127	136
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	265	136
Purchased loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	45,850	59,675
Purchased loans | Installment loans to individuals | Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Installment loans to individuals | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Installment loans to individuals | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Installment loans to individuals | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Installment loans to individuals | Not Subject to Credit Risk Assessment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	34,976
Three years prior	26,952	15,497
Four years prior	12,424	1,118
Prior	4,625	4,348
Revolving Loans	1,785	3,676
Revolving Loans Converted to Term	64	60
Loans, net of unearned income	45,850	59,675
Purchased loans | Installment loans to individuals | Not Subject to Credit Risk Assessment | Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	34,942
Three years prior	26,908	15,405
Four years prior	12,370	1,051
Prior	4,367	4,262
Revolving Loans	1,785	3,676
Revolving Loans Converted to Term	32	29
Loans, net of unearned income	45,462	59,365
Purchased loans | Installment loans to individuals | Not Subject to Credit Risk Assessment | Non-Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	34
Three years prior	44	92
Four years prior	54	67
Prior	258	86
Revolving Loans	0	0
Revolving Loans Converted to Term	32	31
Loans, net of unearned income	$ 388	$ 310

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Allowance for Credit Losses - Summary of Total Non Purchased and Purchased Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 10,153,267		$ 10,937,807
Unearned income	(4,025)		(4,160)
Loans, net of unearned income	10,149,242		10,933,647	$ 10,997,304
Allowance for credit losses	(172,354)	$ (173,106)	(176,144)	(145,387)	$ (120,185)	$ (52,162)
Loans, net	9,976,888		10,757,503
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,634,633		2,536,984
Loans, net of unearned income	1,634,633			2,641,598
Allowance for credit losses	(36,994)	(37,592)	(39,031)	(30,685)	(25,937)	(10,658)
Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	78,028		80,022
Loans, net of unearned income	74,003			80,779
Allowance for credit losses	(1,511)	(1,546)	(1,624)	(1,812)		(910)	$ (1,588)
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,051,359		858,104
Loans, net of unearned income	1,051,359			791,108
Allowance for credit losses	(15,729)	(14,977)	(16,047)	(12,538)	(10,924)	(5,029)
Real estate – construction: | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	277,163		246,673
Real estate – construction: | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	774,196		611,431
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,702,091		2,698,308
Loans, net of unearned income	2,702,091			2,788,513
Allowance for credit losses	(31,303)	(31,694)	(32,165)	(29,401)	(27,320)	(9,814)
Real estate – 1-4 family mortgage: | Primary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,790,522		1,750,951
Real estate – 1-4 family mortgage: | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	489,933		513,160
Real estate – 1-4 family mortgage: | Rental/investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	297,341		296,364
Real estate – 1-4 family mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	124,295		137,833
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,530,169		4,554,852
Loans, net of unearned income	4,530,169			4,410,753
Allowance for credit losses	(74,893)	(76,225)	(76,127)	(60,061)	(44,237)	(24,990)
Real estate – commercial mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	124,949		149,579
Real estate – commercial mortgage: | Owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,663,191		1,657,806
Real estate – commercial mortgage: | Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,742,029		2,747,467
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	156,987		209,537
Loans, net of unearned income	156,987			284,553
Allowance for credit losses	$ (11,924)	$ (11,072)	$ (11,150)	$ (10,890)	$ (10,179)	$ (761)

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Allowance for Credit Losses - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest receivable	$ 48,774,000		$ 48,774,000		$ 56,459,000
Deferred interest, allowance for credit loss	1,367,000		1,367,000		$ 1,500,000
Provision for loan losses	0	$ 26,900,000	$ 0	$ 53,250,000
Supportable period			2 years
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	752,000	2,146,000	$ (279,000)	4,536,000
Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	$ (49,000)	$ 219,000	$ (138,000)	$ 371,000

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Allowance for Credit Losses - Roll Forward Of the Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2020
Allowance for loan losses:
Beginning balance	$ 173,106,000	$ 120,185,000	$ 176,144,000	$ 52,162,000
Accounting standards update [Extensible List]					us-gaap:AccountingStandardsUpdate201613Member
Charge-offs	(2,854,000)	(3,566,000)	(8,224,000)	(8,915,000)
Recoveries	2,102,000	1,868,000	4,434,000	6,406,000
Net (charge-offs) recoveries	(752,000)	(1,698,000)	(3,790,000)	(2,509,000)
Provision for credit losses on loans	0	26,900,000	0	53,250,000
Ending balance	172,354,000	145,387,000	172,354,000	145,387,000	$ 52,162,000
Individually evaluated	14,168,000	5,080,000	14,168,000	5,080,000
Collectively evaluated	158,186,000	140,307,000	158,186,000	140,307,000
Loans:
Individually evaluated	40,872,000	23,387,000	40,872,000	23,387,000
Collectively evaluated	10,108,370,000	10,973,917,000	10,108,370,000	10,973,917,000
Gross loans	10,149,242,000	10,997,304,000	10,149,242,000	10,997,304,000		$ 10,933,647,000
Nonaccruing loans with no allowance for credit losses	10,630,000	7,135,000	10,630,000	7,135,000
Commercial, financial, agricultural
Allowance for loan losses:
Beginning balance	37,592,000	25,937,000	39,031,000	10,658,000
Charge-offs	(1,184,000)	(1,156,000)	(4,682,000)	(1,549,000)
Recoveries	233,000	108,000	522,000	298,000
Net (charge-offs) recoveries	(951,000)	(1,048,000)	(4,160,000)	(1,251,000)
Provision for credit losses on loans	353,000	5,796,000	2,123,000	9,927,000
Ending balance	36,994,000	30,685,000	36,994,000	30,685,000	10,658,000
Individually evaluated	9,121,000	3,882,000	9,121,000	3,882,000
Collectively evaluated	27,873,000	26,803,000	27,873,000	26,803,000
Loans:
Individually evaluated	14,409,000	9,736,000	14,409,000	9,736,000
Collectively evaluated	1,620,224,000	2,631,862,000	1,620,224,000	2,631,862,000
Gross loans	1,634,633,000	2,641,598,000	1,634,633,000	2,641,598,000
Nonaccruing loans with no allowance for credit losses	2,826,000	720,000	2,826,000	720,000
Real estate – construction:
Allowance for loan losses:
Beginning balance	14,977,000	10,924,000	16,047,000	5,029,000
Charge-offs	0	(532,000)	(52,000)	(532,000)
Recoveries	0	0	13,000	0
Net (charge-offs) recoveries	0	(532,000)	(39,000)	(532,000)
Provision for credit losses on loans	752,000	2,146,000	(279,000)	4,536,000
Ending balance	15,729,000	12,538,000	15,729,000	12,538,000	5,029,000
Individually evaluated	0	0	0	0
Collectively evaluated	15,729,000	12,538,000	15,729,000	12,538,000
Loans:
Individually evaluated	0	0	0	0
Collectively evaluated	1,051,359,000	791,108,000	1,051,359,000	791,108,000
Gross loans	1,051,359,000	791,108,000	1,051,359,000	791,108,000
Nonaccruing loans with no allowance for credit losses	0	0	0	0
Real estate – 1-4 family mortgage:
Allowance for loan losses:
Beginning balance	31,694,000	27,320,000	32,165,000	9,814,000
Charge-offs	(152,000)	(142,000)	(253,000)	(363,000)
Recoveries	401,000	48,000	662,000	136,000
Net (charge-offs) recoveries	249,000	(94,000)	409,000	(227,000)
Provision for credit losses on loans	(640,000)	2,175,000	(1,271,000)	5,500,000
Ending balance	31,303,000	29,401,000	31,303,000	29,401,000	9,814,000
Individually evaluated	228,000	378,000	228,000	378,000
Collectively evaluated	31,075,000	29,023,000	31,075,000	29,023,000
Loans:
Individually evaluated	5,017,000	5,142,000	5,017,000	5,142,000
Collectively evaluated	2,697,074,000	2,783,371,000	2,697,074,000	2,783,371,000
Gross loans	2,702,091,000	2,788,513,000	2,702,091,000	2,788,513,000
Nonaccruing loans with no allowance for credit losses	2,841,000	2,503,000	2,841,000	2,503,000
Real estate – commercial mortgage:
Allowance for loan losses:
Beginning balance	76,225,000	44,237,000	76,127,000	24,990,000
Charge-offs	(171,000)	0	(232,000)	(2,047,000)
Recoveries	143,000	41,000	314,000	1,740,000
Net (charge-offs) recoveries	(28,000)	41,000	82,000	(307,000)
Provision for credit losses on loans	(1,304,000)	15,783,000	(1,316,000)	31,085,000
Ending balance	74,893,000	60,061,000	74,893,000	60,061,000	24,990,000
Individually evaluated	4,207,000	550,000	4,207,000	550,000
Collectively evaluated	70,686,000	59,511,000	70,686,000	59,511,000
Loans:
Individually evaluated	20,810,000	7,883,000	20,810,000	7,883,000
Collectively evaluated	4,509,359,000	4,402,870,000	4,509,359,000	4,402,870,000
Gross loans	4,530,169,000	4,410,753,000	4,530,169,000	4,410,753,000
Nonaccruing loans with no allowance for credit losses	4,953,000	3,910,000	4,953,000	3,910,000
Lease financing
Allowance for loan losses:
Beginning balance	1,546,000		1,624,000	910,000
Charge-offs	0	0	0	0
Recoveries	14,000	5,000	25,000	10,000
Net (charge-offs) recoveries	14,000	5,000	25,000	10,000
Provision for credit losses on loans	(49,000)	219,000	(138,000)	371,000
Ending balance	1,511,000	1,812,000	1,511,000	1,812,000	910,000
Individually evaluated	0	0	0	0
Collectively evaluated	1,511,000	1,812,000	1,511,000	1,812,000
Loans:
Individually evaluated	0	0	0	0
Collectively evaluated	74,003,000	80,779,000	74,003,000	80,779,000
Gross loans	74,003,000	80,779,000	74,003,000	80,779,000
Nonaccruing loans with no allowance for credit losses	0	0	0	0
Installment Loans to Individuals
Allowance for loan losses:
Beginning balance	11,072,000	10,179,000	11,150,000	761,000
Charge-offs	(1,347,000)	(1,736,000)	(3,005,000)	(4,424,000)
Recoveries	1,311,000	1,666,000	2,898,000	4,222,000
Net (charge-offs) recoveries	(36,000)	(70,000)	(107,000)	(202,000)
Provision for credit losses on loans	888,000	781,000	881,000	1,831,000
Ending balance	11,924,000	10,890,000	11,924,000	10,890,000	761,000
Individually evaluated	612,000	270,000	612,000	270,000
Collectively evaluated	11,312,000	10,620,000	11,312,000	10,620,000
Loans:
Individually evaluated	636,000	626,000	636,000	626,000
Collectively evaluated	156,351,000	283,927,000	156,351,000	283,927,000
Gross loans	156,987,000	284,553,000	156,987,000	284,553,000
Nonaccruing loans with no allowance for credit losses	$ 10,000	$ 2,000	$ 10,000	2,000
Cumulative Effect, Period Of Adoption, Adjustment
Allowance for loan losses:
Beginning balance				42,484,000
Ending balance					42,484,000
Cumulative Effect, Period Of Adoption, Adjustment | Commercial, financial, agricultural
Allowance for loan losses:
Beginning balance				11,351,000
Ending balance					11,351,000
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – construction:
Allowance for loan losses:
Beginning balance				3,505,000
Ending balance					3,505,000
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – 1-4 family mortgage:
Allowance for loan losses:
Beginning balance				14,314,000
Ending balance					14,314,000
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – commercial mortgage:
Allowance for loan losses:
Beginning balance				4,293,000
Ending balance					4,293,000
Cumulative Effect, Period Of Adoption, Adjustment | Lease financing
Allowance for loan losses:
Beginning balance				521,000
Ending balance					521,000
Cumulative Effect, Period Of Adoption, Adjustment | Installment Loans to Individuals
Allowance for loan losses:
Beginning balance				$ 8,500,000
Ending balance					$ 8,500,000

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Allowance for Credit Losses - Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for loan losses:
Beginning balance	$ 20,535	$ 14,735	$ 20,535	$ 946
Provision for credit losses on unfunded loan commitments (included in other noninterest expense)	0	2,600	0	6,000
Ending balance	$ 20,535	$ 17,335	20,535	17,335
Cumulative Effect, Period Of Adoption, Adjustment
Allowance for loan losses:
Beginning balance			$ 0	$ 10,389

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Other Real Estate Owned - Covered and Not Covered Under a Loss-Share Agreement, Net of Valuation Allowances and Direct Write-Downs (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
Purchased OREO	$ 3,264	$ 3,927
Non Purchased OREO	1,675	2,045
Total OREO	4,939	5,972
Residential real estate
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
Purchased OREO	197	72
Non Purchased OREO	64	107
Total OREO	261	179
Commercial real estate
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
Purchased OREO	1,048	1,741
Non Purchased OREO	1,548	924
Total OREO	2,596	2,665
Residential land development
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
Purchased OREO	337	337
Non Purchased OREO	4	676
Total OREO	341	1,013
Commercial land development
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
Purchased OREO	1,682	1,777
Non Purchased OREO	59	338
Total OREO	$ 1,741	$ 2,115

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Other Real Estate Owned - Changes in Purchased and Non-Purchased OREO (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
Purchased OREO
Balance at January 1, 2021	$ 3,927
Transfers of loans	967
Impairments	(47)
Dispositions	(1,492)
Other	(91)
Balance at June 30, 2021	3,264
Non Purchased OREO
Balance at January 1, 2021	2,045
Transfers of loans	1,536
Impairments	(70)
Dispositions	(1,836)
Other	0
Balance at June 30, 2021	1,675
Total OREO
Balance at January 1, 2021	5,972
Transfers of loans	2,503
Impairments	(117)
Dispositions	(3,328)
Other	(91)
Balance at June 30, 2021	$ 4,939

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Other Real Estate Owned - Components of OREO in the Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Real Estate Properties [Line Items]
Repairs and maintenance	$ 22	$ 85	$ 42	$ 170
Property taxes and insurance	37	16	48	149
Impairments	47	630	117	827
Net losses (gains) on OREO sales	6	(101)	(50)	(89)
Rental income	(8)	(10)	(12)	(19)
Total	104	$ 620	145	$ 1,038
Residential
Real Estate Properties [Line Items]
Amortized cost of loans in foreclosure	$ 58		$ 58		$ 1,308

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Goodwill and Other Intangible Assets - Carrying Amounts of Goodwill by Operating Segments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
Goodwill [Roll Forward]
Balance at January 1, 2021	$ 939,683
Additions to goodwill and other adjustments	0
Balance at June 30, 2021	939,683
Community Banks
Goodwill [Roll Forward]
Balance at January 1, 2021	936,916
Additions to goodwill and other adjustments	0
Balance at June 30, 2021	936,916
Insurance
Goodwill [Roll Forward]
Balance at January 1, 2021	2,767
Additions to goodwill and other adjustments	0
Balance at June 30, 2021	$ 2,767

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Goodwill and Other Intangible Assets - Summary of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 84,962	$ 84,962
Accumulated Amortization	(57,959)	(54,823)
Net Carrying Amount	27,003	30,139
Core deposit intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	82,492	82,492
Accumulated Amortization	(56,584)	(53,539)
Net Carrying Amount	25,908	28,953
Customer relationship intangible
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	2,470	2,470
Accumulated Amortization	(1,375)	(1,284)
Net Carrying Amount	$ 1,095	$ 1,186

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Goodwill and Other Intangible Assets - Current Year Amortization Expense for Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Total intangible amortization	$ 1,539	$ 1,834	$ 3,137	$ 3,729
Core deposit intangibles
Finite-Lived Intangible Assets [Line Items]
Total intangible amortization	1,494	1,789	3,046	3,639
Customer relationship intangible
Finite-Lived Intangible Assets [Line Items]
Total intangible amortization	$ 45	$ 45	$ 91	$ 90

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Goodwill and Other Intangible Assets - Estimated Amortization Expense of Finite-Lived Intangible Assets (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
2021	$ 6,041
2022	5,121
2023	4,225
2024	3,679
2025	3,284
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
2021	5,860
2022	4,940
2023	4,044
2024	3,498
2025	3,103
Customer relationship intangible
Finite-Lived Intangible Assets [Line Items]
2021	181
2022	181
2023	181
2024	181
2025	$ 181

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Mortgage Servicing Rights - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
(Positive) negative valuation adjustment to MSR			$ (13,561)	$ 14,522
Bank Servicing
Disaggregation of Revenue [Line Items]
Revenue	$ 4,616	$ 2,990	$ 8,687	$ 5,612

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Mortgage Servicing Rights - Changes in the Company's MSRs (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Changes in mortgage servicing rights
Balance at January 1, 2021	$ 62,994
Capitalization	19,922
Amortization	(11,565)
Valuation adjustment	(13,561)	$ 14,522
Balance at June 30, 2021	$ 84,912

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Mortgage Servicing Rights - Data and Key Economic Assumptions Related to the Company's MRSs (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Data and key economic assumptions related to mortgage servicing rights
Unpaid principal balance	$ 8,364,217	$ 7,322,671
Weighted-average prepayment speed (CPR)	12.07%	15.05%
Estimated impact of a 10% increase	$ (4,177)	$ (4,001)
Estimated impact of a 20% increase	$ (8,080)	$ (7,674)
Discount rate	9.81%	9.86%
Estimated impact of a 10% increase	$ (3,212)	$ (2,144)
Estimated impact of a 20% increase	$ (6,198)	$ (4,144)
Weighted-average coupon interest rate	3.38%	3.58%
Weighted-average servicing fee (basis points)	30.28%	29.94%
Weighted-average remaining maturity (in years)	6 years 1 month 2 days	5 years 1 month 20 days

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Employee Benefit and Deferred Compensation Plans - Plan Expense for Non-Contributory Benefit Pension Plan and Post-Retirement Health and Life Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Pension Benefits
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	175	250	341	492
Expected return on plan assets	(441)	(413)	(884)	(826)
Recognized actuarial loss (gain)	78	96	132	175
Net periodic (return) benefit cost	(188)	(67)	(411)	(159)
Other Benefits
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
Service cost	1	1	2	3
Interest cost	3	2	7	7
Expected return on plan assets	0	0	0	0
Recognized actuarial loss (gain)	(2)	(27)	(2)	(45)
Net periodic (return) benefit cost	$ 2	$ (24)	$ 7	$ (35)

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Employee Benefit and Deferred Compensation Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Retirement Benefits [Abstract]
Stock options granted (in shares)			0	0
Treasury shares reissued (in shares)			126,147
Total stock-based compensation expense	$ 2,385	$ 2,998	$ 5,141	$ 5,748

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Employee Benefit and Deferred Compensation Plans - Summary of the Changes in Stock Options (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Shares
Options outstanding at beginning of period (shares)	10,500
Granted (shares)	0	0
Exercised (shares)	(5,000)
Forfeited (shares)	0
Options outstanding at end of period (shares)	5,500
Weighted Average Exercise Price
Options outstanding at beginning of period (usd per share)	$ 14.96
Granted (usd per share)	0
Exercised (usd per share)	14.96
Forfeited (usd per share)	0
Options outstanding at end of period (usd per share)	$ 14.96

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Employee Benefit and Deferred Compensation Plans - Summary of the Changes in Restricted Stock (Details)	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Performance shares
Performance-Based Restricted Stock
Nonvested at beginning of period (shares) | shares	132,827
Awarded (shares) | shares	78,230
Vested (shares) | shares	0
Cancelled (shares) | shares	0
Nonvested at end of period (shares) | shares	211,057
Weighted Average Grant-Date Fair Value
Nonvested at beginning balance (usd per share) | $ / shares	$ 32.88
Awarded (usd per share) | $ / shares	34.02
Vested (usd per share) | $ / shares	0
Cancelled (usd per share) | $ / shares	0
Nonvested at end balance (usd per share) | $ / shares	$ 33.30
Restricted stock
Performance-Based Restricted Stock
Nonvested at beginning of period (shares) | shares	548,416
Awarded (shares) | shares	250,483
Vested (shares) | shares	(126,121)
Cancelled (shares) | shares	(53,007)
Nonvested at end of period (shares) | shares	619,771
Weighted Average Grant-Date Fair Value
Nonvested at beginning balance (usd per share) | $ / shares	$ 34.15
Awarded (usd per share) | $ / shares	37.24
Vested (usd per share) | $ / shares	37.20
Cancelled (usd per share) | $ / shares	37.67
Nonvested at end balance (usd per share) | $ / shares	$ 34.48

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Derivative Instruments - Schedule of Notional and Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 10,643	$ 3,866
Derivative liabilities, fair value	16,705	21,107
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	794,973	812,634
Derivative assets, fair value	16,966	29,708
Derivative liabilities, notional amount	938,021	938,933
Derivative liabilities, fair value	8,356	14,974
Other Assets | Not Designated as Hedging Instrument | Interest Rate Contract
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	204,113	222,933
Derivative assets, fair value	6,450	9,884
Other Assets | Not Designated as Hedging Instrument | Interest Rate Lock Commitments
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	517,860	589,701
Derivative assets, fair value	10,448	19,824
Other Assets | Not Designated as Hedging Instrument | Forward Commitments
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	73,000	0
Derivative assets, fair value	68	0
Other Assets | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	200,000	175,000
Derivative assets, fair value	10,504	3,866
Other Liabilities | Not Designated as Hedging Instrument | Interest Rate Contract
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	204,113	222,933
Derivative liabilities, fair value	6,450	9,884
Other Liabilities | Not Designated as Hedging Instrument | Interest Rate Lock Commitments
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	10,908	0
Derivative liabilities, fair value	28	0
Other Liabilities | Not Designated as Hedging Instrument | Forward Commitments
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	723,000	716,000
Derivative liabilities, fair value	1,878	5,090
Other Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	62,000	87,000
Derivative liabilities, fair value	4,062	5,924
Other Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	100,000	100,000
Derivative liabilities, fair value	$ 4,386	$ 209

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Derivative Instruments - Gains (Losses) of Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	$ (15,769)	$ 14,768	$ (4,918)	$ 21,855
Interest Income | Interest Rate Contract
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	836	523	1,206	1,259
Mortgage Banking Income | Interest Rate Lock Commitments
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	(1,082)	2,924	(9,404)	24,745
Mortgage Banking Income | Forward Commitments
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	$ (15,523)	$ 11,321	$ 3,280	$ (4,149)

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Derivative Instruments - Fair Value Hedge Impact on Statement of Income (Details) - Interest Rate Swap - Designated as Hedging Instrument - Interest Expense - Fair Value Hedging - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative [Line Items]
Change in unrealized gain (loss) on fair value hedging instruments	$ 3,264	$ 0	$ (4,177)	$ 0
Change in unrealized gain (loss) on hedged item in fair value hedge	$ (3,264)	$ 0	$ 4,177	$ 0

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Derivative Instruments - Fair Value Hedge Impact on Balance Sheet (Details) - Long-term Debt - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Carrying Amount of the Hedged Liability	$ 94,024	$ 98,114
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability	$ 4,386	$ 209

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Derivative Instruments - Offsetting Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Offsetting Derivative Assets
Gross amounts recognized	$ 10,643	$ 3,866
Gross amounts offset in the Consolidated Balance Sheets	0	0
Net amounts presented in the Consolidated Balance Sheets	10,643	3,866
Financial instruments	5,987	3,866
Financial collateral pledged	0	0
Net amounts	4,656	0
Offsetting Derivative Liabilities
Gross amounts recognized	16,705	21,107
Gross amounts offset in the Consolidated Balance Sheets	0	0
Net amounts presented in the Consolidated Balance Sheets	16,705	21,107
Financial instruments	5,987	3,866
Financial collateral pledged	9,092	14,042
Net amounts	$ 1,626	$ 3,199

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Income Taxes - Significant Components of The Company's Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Deferred tax assets
Allowance for credit losses	$ 53,316	$ 53,597
Loans	4,123	5,526
Deferred compensation	12,280	13,114
Investment in partnerships	114	0
Impairment of assets	655	1,067
Net operating loss carryforwards	1,477	1,857
Lease liabilities under operating leases	16,804	17,732
Other	4,043	3,539
Total deferred tax assets	92,812	96,432
Deferred tax liabilities
Net unrealized gains on securities	6,501	8,434
Investment in partnerships	0	793
Fixed assets	1,942	3,285
Mortgage servicing rights	20,211	14,623
Junior subordinated debt	2,200	2,245
Intangibles	3,524	3,882
Lease right-of-use asset	15,907	16,833
Other	903	1,672
Total deferred tax liabilities	51,188	51,767
Net deferred tax assets	$ 41,624	$ 44,665

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Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income taxes	$ 7,545	$ 4,637	$ 24,387	$ 5,410
Discrete tax benefit, state tax credit investment	$ 3,460
Effective income tax rate			22.21%	19.64%

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Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Securities available for sale, at fair value	$ 2,163,820	$ 1,343,457
Derivative instruments	10,643	3,866
Financial liabilities:
Derivative instruments	16,705	21,107
Trust preferred securities
Financial assets:
Securities available for sale, at fair value		9,012
Recurring
Financial assets:
Securities available for sale, at fair value		1,343,457
Derivative instruments	27,470	33,574
Mortgage loans held for sale in loans held for sale	448,959	417,771
Total financial assets	2,640,249	1,794,802
Financial liabilities:
Derivative instruments	16,804	21,107
Recurring | Securities available for sale
Financial assets:
Securities available for sale, at fair value	2,163,820	1,334,445
Recurring | Trust preferred securities
Financial assets:
Securities available for sale, at fair value		9,012
Recurring | Level 1
Financial assets:
Securities available for sale, at fair value		0
Derivative instruments	0	0
Mortgage loans held for sale in loans held for sale	0	0
Total financial assets	0	0
Financial liabilities:
Derivative instruments	0	0
Recurring | Level 1 | Securities available for sale
Financial assets:
Securities available for sale, at fair value	0	0
Recurring | Level 1 | Trust preferred securities
Financial assets:
Securities available for sale, at fair value		0
Recurring | Level 2
Financial assets:
Securities available for sale, at fair value		1,334,445
Derivative instruments	27,470	33,574
Mortgage loans held for sale in loans held for sale	448,959	417,771
Total financial assets	2,640,249	1,785,790
Financial liabilities:
Derivative instruments	16,804	21,107
Recurring | Level 2 | Securities available for sale
Financial assets:
Securities available for sale, at fair value	2,163,820	1,334,445
Recurring | Level 2 | Trust preferred securities
Financial assets:
Securities available for sale, at fair value		0
Recurring | Level 3
Financial assets:
Securities available for sale, at fair value		9,012
Derivative instruments	0	0
Mortgage loans held for sale in loans held for sale	0	0
Total financial assets	0	9,012
Financial liabilities:
Derivative instruments	0	0
Recurring | Level 3 | Securities available for sale
Financial assets:
Securities available for sale, at fair value	$ 0	0
Recurring | Level 3 | Trust preferred securities
Financial assets:
Securities available for sale, at fair value		$ 9,012

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Fair Value Measurements - Reconciliation for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Trust preferred securities - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reconciliation for assets and liabilities measured at fair value on a recurring basis
Beginning balance	$ 0	$ 8,604	$ 9,012	$ 9,986
Accretion included in net income	0	9	7	18
Unrealized losses included in other comprehensive income	0	(903)	941	(2,222)
Realized losses			2,061	0
Purchases			(12,021)	0
Settlements	0	(31)	0	(103)
Ending balance	$ 0	$ 7,679	$ 0	$ 7,679

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Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, measurements, nonrecurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Impaired loans measured at fair value on a nonrecurring basis
Individually evaluated loans, net of allowance for credit losses	$ 11,150	$ 24,145
OREO	549	2,736
Mortgage servicing rights	84,912	62,994
Total financial assets	96,611	89,875
Level 1
Impaired loans measured at fair value on a nonrecurring basis
Individually evaluated loans, net of allowance for credit losses	0	0
OREO	0	0
Mortgage servicing rights	0	0
Total financial assets	0	0
Level 2
Impaired loans measured at fair value on a nonrecurring basis
Individually evaluated loans, net of allowance for credit losses	0	0
OREO	0	0
Mortgage servicing rights	0	0
Total financial assets	0	0
Level 3
Impaired loans measured at fair value on a nonrecurring basis
Individually evaluated loans, net of allowance for credit losses	11,150	24,145
OREO	549	2,736
Mortgage servicing rights	84,912	62,994
Total financial assets	$ 96,611	$ 89,875

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Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans not covered under loss-share agreements	$ 16,141			$ 36,990
Specific reserve included in allowance for loan losses	172,354	$ 145,387	$ 173,106	176,144	$ 120,185	$ 52,162
Valuation adjustment to mortgage servicing rights	(13,561)	14,522
Changes in fair value, gain (loss)	(7,520)	$ 9,617
Impaired Loans, not covered
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Specific reserve included in allowance for loan losses	$ 4,991			$ 12,845

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Fair Value Measurements - OREO Measured at Fair Value on a Nonrecurring Basis (Details) - Level 3 - Fair Value, measurements, nonrecurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
OREO measured at fair value on a nonrecurring basis
Carrying amount prior to remeasurement	$ 596	$ 4,051
Impairment recognized in results of operations	(47)	(1,315)
Fair value	$ 549	$ 2,736

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Fair Value Measurements - Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details) - Level 3 $ in Thousands	Jun. 30, 2021 USD ($)
Individually evaluated loans, net of allowance for credit losses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value	$ 11,150
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value	$ 549
Measurement input, price volatility | Minimum | Individually evaluated loans, net of allowance for credit losses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Debt instrument, measurement input range	0.04
Measurement input, price volatility | Minimum | OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
OREO, measurement input range	0.04
Measurement input, price volatility | Maximum | Individually evaluated loans, net of allowance for credit losses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Debt instrument, measurement input range	0.10
Measurement input, price volatility | Maximum | OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
OREO, measurement input range	0.10

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Fair Value Measurements - Summarizes Differences Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measure at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Aggregate Fair Value
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value
Mortgage loans held for sale measured at fair value	$ 448,959	$ 417,771
Aggregate Unpaid Principal Balance
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value
Mortgage loans held for sale measured at fair value	434,310	395,602
Difference
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value
Mortgage loans held for sale measured at fair value	$ 14,649	$ 22,169

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Fair Value Measurements - Assets and Liabilities Not Measured and Reported at Fair Value on a Recurring Basis or Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets
Securities available for sale	$ 2,163,820	$ 1,343,457
Loans held for sale	448,959	417,771
Loans, net	9,976,888	10,757,503
Mortgage servicing rights	84,912	62,994
Derivative instruments	10,643	3,866
Financial liabilities
Derivative instruments	16,705	21,107
Carrying Value
Financial assets
Cash and cash equivalents	1,605,488	633,203
Securities available for sale	2,163,820	1,343,457
Loans held for sale	448,959	417,771
Loans, net	9,976,888	10,757,503
Mortgage servicing rights	84,912	62,994
Derivative instruments	27,470	33,574
Financial liabilities
Deposits	13,115,351	12,059,081
Short-term borrowings	14,933	21,340
Federal Home Loan Bank advances	150,434	152,167
Junior subordinated debentures	111,083	110,794
Subordinated notes	207,889	212,009
Derivative instruments	16,804	21,107
Fair Value
Financial assets
Cash and cash equivalents	1,605,488	633,203
Securities available for sale	2,163,820	1,343,457
Loans held for sale	448,959	417,771
Loans, net	9,868,318	10,668,625
Mortgage servicing rights	87,531	62,994
Derivative instruments	27,470	33,574
Financial liabilities
Deposits	13,119,182	12,069,198
Short-term borrowings	14,933	21,340
Federal Home Loan Bank advances	155,828	158,914
Junior subordinated debentures	100,243	93,092
Subordinated notes	219,676	217,575
Derivative instruments	16,804	21,107
Fair Value | Level 1
Financial assets
Cash and cash equivalents	1,605,488	633,203
Securities available for sale	0	0
Loans held for sale	0	0
Loans, net	0	0
Mortgage servicing rights	0	0
Derivative instruments	0	0
Financial liabilities
Deposits	11,582,111	10,363,193
Short-term borrowings	14,933	21,340
Federal Home Loan Bank advances	0	0
Junior subordinated debentures	0	0
Subordinated notes	0	0
Derivative instruments	0	0
Fair Value | Level 2
Financial assets
Cash and cash equivalents	0	0
Securities available for sale	2,163,820	1,334,445
Loans held for sale	448,959	417,771
Loans, net	0	0
Mortgage servicing rights	0	0
Derivative instruments	27,470	33,574
Financial liabilities
Deposits	1,537,071	1,706,005
Short-term borrowings	0	0
Federal Home Loan Bank advances	155,828	158,914
Junior subordinated debentures	100,243	93,092
Subordinated notes	219,676	217,575
Derivative instruments	16,804	21,107
Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Securities available for sale	0	9,012
Loans held for sale	0	0
Loans, net	9,868,318	10,668,625
Mortgage servicing rights	87,531	62,994
Derivative instruments	0	0
Financial liabilities
Deposits	0	0
Short-term borrowings	0	0
Federal Home Loan Bank advances	0	0
Junior subordinated debentures	0	0
Subordinated notes	0	0
Derivative instruments	$ 0	$ 0

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Other Comprehensive Income (Loss) - Changes in the Components of Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), pre-tax	$ (1,193)		$ 2,469		$ (7,806)	$ 20,892
Total other comprehensive income (loss), tax expense (benefit)	(304)		631		(1,988)	5,317
Other comprehensive (loss) income, net of tax	(889)	$ (4,929)	1,838	$ 13,737	(5,818)	15,575
Securities available for sale:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications, pre-tax	4,965		3,496		(15,079)	25,885
Other comprehensive income (loss) before reclassifications, tax expense (benefit)	1,263		893		(3,838)	6,588
Other comprehensive income (loss), before reclassifications, net of tax	3,702		2,603		(11,241)	19,297
Reclassification from AOCI, pre-tax			(31)		(1,357)	(31)
Reclassification from AOCI, tax expense (benefit)			(8)		(345)	(8)
Reclassification from AOCI, net of tax			(23)		(1,012)	(23)
Total other comprehensive income (loss), pre-tax	4,965		3,465		(16,436)	25,854
Total other comprehensive income (loss), tax expense (benefit)	1,263		885		(4,183)	6,580
Other comprehensive (loss) income, net of tax	3,702		2,580		(12,253)	19,274
Derivative instruments:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications, pre-tax	(6,234)				8,500	(5,092)
Other comprehensive income (loss) before reclassifications, tax expense (benefit)	(1,586)				2,164	(1,296)
Other comprehensive income (loss), before reclassifications, net of tax	(4,648)				6,336	(3,796)
Total other comprehensive income (loss), pre-tax	(6,234)				8,500	(5,092)
Total other comprehensive income (loss), tax expense (benefit)	(1,586)				2,164	(1,296)
Other comprehensive (loss) income, net of tax	(4,648)				6,336	(3,796)
Amortization of net actuarial loss recognized in net periodic pension cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from AOCI, pre-tax	76		68		130	130
Reclassification from AOCI, tax expense (benefit)	19		17		31	33
Reclassification from AOCI, net of tax	57		51		99	97
Total defined benefit pension and post-retirement benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), pre-tax	76		68		130	130
Total other comprehensive income (loss), tax expense (benefit)	19		17		31	33
Other comprehensive (loss) income, net of tax	$ 57		51		$ 99	$ 97
Derivative instruments:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications, pre-tax			(1,064)
Other comprehensive income (loss) before reclassifications, tax expense (benefit)			(271)
Other comprehensive income (loss), before reclassifications, net of tax			(793)
Total other comprehensive income (loss), pre-tax			(1,064)
Total other comprehensive income (loss), tax expense (benefit)			(271)
Other comprehensive (loss) income, net of tax			$ (793)

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Other Comprehensive Income (Loss) - Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accumulated balances for component of other comprehensive income, net of tax
Unrealized gains on securities	$ 18,674	$ 42,246
Non-credit related portion of previously recorded other-than-temporary impairment on securities	0	(11,319)
Unrealized gains (losses) on derivative instruments	5,698	(638)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,122)	(5,221)
Total accumulated other comprehensive income	$ 19,250	$ 25,068

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Net Income Per Common Share - Basic and Diluted Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic
Net income applicable to common stock	$ 40,867	$ 20,130	$ 98,775	$ 22,138
Average common shares outstanding (shares)	56,325,717	56,165,452	56,283,195	56,350,134
Net income per common share - basic (usd per share)	$ 0.73	$ 0.36	$ 1.75	$ 0.39
Diluted
Net income applicable to common stock	$ 40,867	$ 20,130	$ 98,775	$ 22,138
Average common shares outstanding (shares)	56,325,717	56,165,452	56,283,195	56,350,134
Effect of dilutive stock-based compensation (shares)	310,181	160,024	295,385	164,465
Average common shares outstanding - diluted (shares)	56,635,898	56,325,476	56,578,580	56,514,599
Net income per common share - diluted (usd per share)	$ 0.72	$ 0.36	$ 1.75	$ 0.39

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Net Income Per Common Share - Antidilutive Securities (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of antidilutive securities excluded from computation of earnings per share
Exercise prices (for stock option awards) (usd per share)	$ 0	$ 0	$ 0	$ 0
Employee stock option
Schedule of antidilutive securities excluded from computation of earnings per share
Number of shares (in shares)	19,929	264,183	19,929	247,093

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Regulatory Matters - Guidelines Governing the Classification of Capital Tiers (Details)	Jun. 30, 2021
Banking and Thrift, Interest [Abstract]
Tier 1 Capital to Average Assets (Leverage), Well capitalized	0.05
Tier 1 Capital to Average Assets (Leverage), Adequately capitalized	0.04
Tier 1 Capital to Average Assets (Leverage), Undercapitalized	4.00%
Tier 1 Capital to Average Assets (Leverage), Significantly undercapitalized	3.00%
Common Equity Tier 1 to Risk-Weighted Assets, Well capitalized	6.50%
Common Equity Tier 1 to Risk-Weighted Assets, Adequately capitalized	4.50%
Common Equity Tier 1 to Risk-Weighted Assets, Undercapitalized	4.50%
Common Equity Tier 1 to Risk-Weighted Assets, Significantly undercapitalized	3.00%
Tier 1 Capital to Risk-Weighted Assets, Well capitalized	0.08
Tier 1 Capital to Risk-Weighted Assets, Adequately capitalized	0.06
Tier 1 Capital to Risk-Weighted Assets, Undercapitalized	6.00%
Tier 1 Capital to Risk-Weighted Assets, Significantly undercapitalized	4.00%
Total Capital to Risk-Weighted Assets, Well capitalized	0.10
Total Capital to Risk-Weighted Assets, Adequately capitalized	0.08
Total Capital to Risk-Weighted Assets, Undercapitalized	8.00%
Total Capital to Risk-Weighted Assets, Significantly undercapitalized	6.00%
Critically undercapitalized	2.00%

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Regulatory Matters - Capital and Risk-Based Capital and Leverage Ratios (Details) $ in Thousands	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Renasant corporation
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital to Average Assets (Leverage) - Amount	$ 1,385,657	$ 1,306,597
Tier 1 Capital to Average Assets (Leverage) - Ratio	0.0930	0.0937
Common Equity Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,278,165	$ 1,199,394
Common Equity Tier 1 Capital to Risk-Weighted Assets - Ratio	11.14%	10.93%
Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,385,657	$ 1,306,597
Tier 1 Capital to Risk-Weighted Assets - Ratio	0.1207	0.1191
Total Capital to Risk-Weighted Assets - Amount	$ 1,734,376	$ 1,653,694
Total Capital to Risk-Weighted Assets - Ratio	0.1511	0.1507
Renasant bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital to Average Assets (Leverage) - Amount	$ 1,444,582	$ 1,369,994
Tier 1 Capital to Average Assets (Leverage) - Ratio	0.0970	0.0983
Common Equity Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,444,582	$ 1,369,994
Common Equity Tier 1 Capital to Risk-Weighted Assets - Ratio	12.59%	12.49%
Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,444,582	$ 1,369,994
Tier 1 Capital to Risk-Weighted Assets - Ratio	0.1259	0.1249
Total Capital to Risk-Weighted Assets - Amount	$ 1,581,025	$ 1,504,985
Total Capital to Risk-Weighted Assets - Ratio	0.1378	0.1373

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Segment Reporting - Financial Information for Operating Segments (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financial information for the Company's operating segments
Net interest income (loss)	$ 109,579,000		$ 105,782,000		$ 219,227,000	$ 212,384,000
Provision for credit losses	0		26,900,000		0	53,250,000
Noninterest income (loss)	47,610,000		64,170,000		128,647,000	101,740,000
Noninterest expense	108,777,000		118,285,000		224,712,000	233,326,000
Income (loss) before income taxes	48,412,000		24,767,000		123,162,000	27,548,000
Income tax expense (benefit)	7,545,000		4,637,000		24,387,000	5,410,000
Net income (loss)	40,867,000	$ 57,908,000	20,130,000	$ 2,008,000	98,775,000	22,138,000
Total assets	16,022,386,000		14,897,207,000		16,022,386,000	14,897,207,000	$ 14,929,612,000
Goodwill	939,683,000		939,683,000		939,683,000	939,683,000	939,683,000
Community Banks
Financial information for the Company's operating segments
Goodwill	936,916,000				936,916,000		936,916,000
Insurance
Financial information for the Company's operating segments
Goodwill	2,767,000				2,767,000		$ 2,767,000
Operating segments | Community Banks
Financial information for the Company's operating segments
Net interest income (loss)	112,780,000		108,110,000		225,728,000	216,970,000
Provision for credit losses	0		26,861,000		0	53,073,000
Noninterest income (loss)	40,149,000		58,115,000		113,219,000	88,798,000
Noninterest expense	102,426,000		112,776,000		212,012,000	222,060,000
Income (loss) before income taxes	50,503,000		26,588,000		126,935,000	30,635,000
Income tax expense (benefit)	8,547,000		5,425,000		26,203,000	6,705,000
Net income (loss)	41,956,000		21,163,000		100,732,000	23,930,000
Total assets	15,910,027,000		14,775,811,000		15,910,027,000	14,775,811,000
Goodwill	936,916,000		936,916,000		936,916,000	936,916,000
Operating segments | Insurance
Financial information for the Company's operating segments
Net interest income (loss)	111,000		111,000		218,000	298,000
Provision for credit losses	0		0		0	0
Noninterest income (loss)	2,475,000		2,153,000		5,723,000	5,093,000
Noninterest expense	1,987,000		1,848,000		3,910,000	3,734,000
Income (loss) before income taxes	599,000		416,000		2,031,000	1,657,000
Income tax expense (benefit)	153,000		111,000		520,000	441,000
Net income (loss)	446,000		305,000		1,511,000	1,216,000
Total assets	31,978,000		29,095,000		31,978,000	29,095,000
Goodwill	2,767,000		2,767,000		2,767,000	2,767,000
Operating segments | Wealth Management
Financial information for the Company's operating segments
Net interest income (loss)	396,000		397,000		780,000	847,000
Provision for credit losses	0		39,000		0	177,000
Noninterest income (loss)	5,430,000		4,312,000		10,601,000	8,656,000
Noninterest expense	4,047,000		3,452,000		8,148,000	7,397,000
Income (loss) before income taxes	1,779,000		1,218,000		3,233,000	1,929,000
Income tax expense (benefit)	0		0		0	0
Net income (loss)	1,779,000		1,218,000		3,233,000	1,929,000
Total assets	63,656,000		68,257,000		63,656,000	68,257,000
Goodwill	0		0		0	0
Other
Financial information for the Company's operating segments
Net interest income (loss)	(3,708,000)		(2,836,000)		(7,499,000)	(5,731,000)
Provision for credit losses	0		0		0	0
Noninterest income (loss)	(444,000)		(410,000)		(896,000)	(807,000)
Noninterest expense	317,000		209,000		642,000	135,000
Income (loss) before income taxes	(4,469,000)		(3,455,000)		(9,037,000)	(6,673,000)
Income tax expense (benefit)	(1,155,000)		(899,000)		(2,336,000)	(1,736,000)
Net income (loss)	(3,314,000)		(2,556,000)		(6,701,000)	(4,937,000)
Total assets	16,725,000		24,044,000		16,725,000	24,044,000
Goodwill	$ 0		$ 0		$ 0	$ 0