Employee Benefit and Deferred Compensation Plans (Tables)

9 Months Ended

Sep. 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
	September 30,				September 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	2	$	2
Interest cost	171		246		4		3
Expected return on plan assets	(442)		(412)		—		—
Recognized actuarial loss (gain)	67		87		—		(23)
Net periodic (return) benefit cost	$	(204)	$	(79)	$	6	$	(18)

	Pension Benefits				Other Benefits
	Nine Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Service cost	$	—	$	—	$	4	$	5
Interest cost	512		738		11		10
Expected return on plan assets	(1,326)		(1,238)		—		—
Recognized actuarial loss (gain)	199		262		(2)		(68)
Net periodic (return) benefit cost	$	(615)	$	(238)	$	13	$	(53)

Summary of the changes in stock options and restricted stock

The following table summarizes information about options outstanding, exercised and forfeited as of and for the nine months ended September 30, 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 nine months ended September 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		253,733	37.22
Vested	—	—		(139,752)	36.89
Cancelled	—	—		(53,737)	37.65
Nonvested at end of period	211,057	$	33.30	608,660	$	34.49