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 March 31, 2022

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 April 29, 2022, 55,900,096 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 March 31, 2022

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	5
	Notes to Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	49
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	75
Item 4.	Controls and Procedures	75
PART II	Other Information
Item 1A.	Risk Factors	77
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	77
Item 6.	Exhibits	78
SIGNATURES		79

PART I. FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

Renasant Corporation and Subsidiaries

Consolidated Balance Sheets

(In Thousands, Except Share Data)

	(Unaudited)
	March 31, 2022		December 31, 2021
Assets
Cash and due from banks	$	230,947	$	182,710
Interest-bearing balances with banks	1,376,546		1,695,255
Cash and cash equivalents	1,607,493		1,877,965
Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2022 and December 31, 2021) (fair value of $449,541 and $415,552, respectively)	487,194		416,357
Securities available for sale, at fair value	2,405,316		2,386,052
Loans held for sale, at fair value	280,464		453,533
Loans, net of unearned income:
Non purchased loans and leases	9,338,890		9,011,011
Purchased loans	974,569		1,009,903
Total loans, net of unearned income	10,313,459		10,020,914
Allowance for credit losses	(166,468)		(164,171)
Loans, net	10,146,991		9,856,743
Premises and equipment, net	285,344		293,122
Other real estate owned:
Non purchased	531		951
Purchased	1,531		1,589
Total other real estate owned, net	2,062		2,540
Goodwill	946,291		939,683
Other intangible assets, net	22,731		24,098
Bank-owned life insurance	369,344		287,359
Mortgage servicing rights	91,730		89,018
Other assets	218,797		183,841
Total assets	$	16,863,757	$	16,810,311
Liabilities and shareholders’ equity
Liabilities
Deposits
Noninterest-bearing	$	4,706,256	$	4,718,124
Interest-bearing	9,284,641		9,187,600
Total deposits	13,990,897		13,905,724
Short-term borrowings	111,279		13,947
Long-term debt	435,416		471,209
Other liabilities	188,523		209,578
Total liabilities	14,726,115		14,600,458
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; 55,880,666 and 55,756,233 shares outstanding, respectively	296,483		296,483
Treasury stock, at cost – 3,416,059 and 3,540,492 shares, respectively	(114,050)		(118,027)
Additional paid-in capital	1,297,088		1,300,192
Retained earnings	762,690		741,648
Accumulated other comprehensive loss, net of taxes	(104,569)		(10,443)
Total shareholders’ equity	2,137,642		2,209,853
Total liabilities and shareholders’ equity	$	16,863,757	$	16,810,311

See Notes to Consolidated Financial Statements.    

1

Renasant Corporation and Subsidiaries

Consolidated Statements of Income (Unaudited)

(In Thousands, Except Share Data)

	Three Months Ended
	March 31,
	2022		2021
Interest income
Loans	$	98,692	$	115,005
Securities
Taxable	8,934		4,917
Tax-exempt	1,901		1,657
Other	664		183
Total interest income	110,191		121,762
Interest expense
Deposits	5,637		8,279
Borrowings	4,925		3,835
Total interest expense	10,562		12,114
Net interest income	99,629		109,648
Provision for credit losses on loans	1,500		—
Provision for credit losses	1,500		—
Net interest income after provision for credit losses	98,129		109,648
Noninterest income
Service charges on deposit accounts	9,562		8,023
Fees and commissions	3,982		3,900
Insurance commissions	2,554		2,237
Wealth management revenue	5,924		4,792
Mortgage banking income	9,633		50,733
Net gain on sales of securities	—		1,357
BOLI income	2,153		2,072
Other	3,650		7,923
Total noninterest income	37,458		81,037
Noninterest expense
Salaries and employee benefits	62,239		78,696
Data processing	4,263		5,451
Net occupancy and equipment	11,276		12,538
Other real estate owned	(241)		41
Professional fees	3,151		2,921
Advertising and public relations	4,059		3,252
Intangible amortization	1,366		1,598
Communications	2,027		2,292
Merger and conversion related expenses	687		—
Restructuring (benefit) charges	(455)		292
Other	5,733		8,854
Total noninterest expense	94,105		115,935
Income before income taxes	41,482		74,750
Income taxes	7,935		16,842
Net income	$	33,547	$	57,908
Basic earnings per share	$	0.60	$	1.03
Diluted earnings per share	$	0.60	$	1.02
Cash dividends per common share	$	0.22	$	0.22

See Notes to Consolidated Financial Statements.

2

Renasant Corporation and Subsidiaries

Consolidated Statements of Comprehensive Income (Unaudited)

(In Thousands)

	Three Months Ended
	March 31,
	2022		2021
Net income	$	33,547	$	57,908
Other comprehensive (loss) income, net of tax:
Securities available for sale:
Unrealized holding losses on securities	(100,462)		(14,943)
Reclassification adjustment for gains realized in net income	—		(1,012)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(74)		—
Total securities available for sale	(100,536)		(15,955)
Derivative instruments:
Unrealized holding gains on derivative instruments	6,379		10,984
Total derivative instruments	6,379		10,984
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	31		42
Total defined benefit pension and post-retirement benefit plans	31		42
Other comprehensive loss, net of tax	(94,126)		(4,929)
Comprehensive (loss) income	$	(60,579)	$	52,979

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
Three Months Ended March 31, 2022	Shares	Amount
Balance at January 1, 2022	55,756,233	$	296,483	$	(118,027)	$	1,300,192	$	741,648	$	(10,443)	$	2,209,853
Net income	—	—		—		—		33,547		—		33,547
Other comprehensive loss	—	—		—		—		—		(94,126)		(94,126)
Comprehensive loss												(60,579)
Cash dividends ($0.22 per share)	—	—		—		—		(12,505)		—		(12,505)
Issuance of common stock for stock-based compensation awards	124,433	—		3,977		(6,442)		—		—		(2,465)
Stock-based compensation expense	—	—		—		3,338		—		—		3,338
Balance at March 31, 2022	55,880,666	$	296,483	$	(114,050)	$	1,297,088	$	762,690	$	(104,569)	$	2,137,642

	Common Stock			Treasury Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income		Total
Three Months Ended March 31, 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

See Notes to Consolidated Financial Statements.

4

Renasant Corporation and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

(In Thousands)

	Three Months Ended March 31,
	2022		2021
Operating activities
Net income	$	33,547	$	57,908
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses	1,500		—
Depreciation, amortization and accretion	12,804		10,059
Deferred income tax expense	4,649		5,542
Funding of mortgage loans held for sale	(595,046)		(1,143,349)
Proceeds from sales of mortgage loans held for sale	769,797		1,082,538
Gains on sales of mortgage loans held for sale	(6,047)		(33,901)
Valuation adjustment to mortgage servicing rights	—		(13,561)
Gains on sales of securities	—		(1,357)
Gains on sales of premises and equipment	(3)		(22)
Stock-based compensation expense	3,338		2,756
Increase (decrease) in other assets	5,746		(11,800)
Decrease in other liabilities	(24,469)		(11,601)
Net cash provided by (used in) operating activities	205,816		(56,788)
Investing activities
Purchases of securities available for sale	(285,635)		(465,245)
Proceeds from sales of securities available for sale	—		155,391
Proceeds from call/maturities of securities available for sale	128,155		95,382
Purchases of securities held to maturity	(79,434)		—
Proceeds from call/maturities of securities held to maturity	7,620		—
Net (increase) decrease in loans	(264,251)		243,250
Purchases of premises and equipment	(2,030)		(2,630)
Proceeds from sales of premises and equipment	100		34
Purchase of bank-owned life insurance	(80,000)		—
Net change in FHLB stock	(422)		(24)
Proceeds from sales of other assets	956		1,962
Net cash paid in acquisition of businesses	(10,066)		—
Other, net	207		1,346
Net cash (used in) provided by investing activities	(584,800)		29,466
Financing activities
Net (decrease) increase in noninterest-bearing deposits	(11,868)		450,312
Net increase in interest-bearing deposits	97,041		227,515
Net increase (decrease) in short-term borrowings	67,852		(9,186)
Repayment of long-term debt	(32,008)		(42)
Cash paid for dividends	(12,505)		(12,564)
Net cash provided by financing activities	108,512		656,035
Net (decrease) increase in cash and cash equivalents	(270,472)		628,713
Cash and cash equivalents at beginning of period	1,877,965		633,203
Cash and cash equivalents at end of period	$	1,607,493	$	1,261,916
Supplemental disclosures
Cash paid for interest	$	10,324	$	15,108
Cash paid for income taxes	$	6,195	$	18,032
Noncash transactions:
Transfers of loans to other real estate owned	$	200	$	2,039
Recognition of operating right-of-use assets	$	30	$	3,601
Recognition of operating lease liabilities	$	30	$	3,601

See Notes to Consolidated Financial Statements.

5

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., Park Place Capital Corporation and Southeastern Commercial Finance, LLC. 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.

The Company acquired Southeastern Commercial Finance, LLC, an asset-based lending company headquartered in Birmingham, Alabama, effective March 1, 2022.

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, 2021 filed with the Securities and Exchange Commission on February 25, 2022.

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 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method” (“ASU 2022-01”), which expands the last-of-layer method (which previously allowed entities to hedge exposure of a closed portfolio of prepayable financial assets to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults and other events impacting the timing and amount of cash flows on only one hedged layer) to the portfolio layer method which allows for multiple hedged layers in a single closed portfolio. ASU 2022-01 also expands the scope to include non-prepayable financial assets, specifies eligible hedging instruments in a single layer hedge, provides guidance on the accounting for and disclosure of hedge basis adjustment under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for assets included in a closed portfolio. ASU 2022-01 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. ASU 2022-01 is not expected to have a significant impact on the Company’s financial statements.

In March 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, “Receivables - Troubled Debt Restructurings by Creditors,” while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. ASU 2022-02 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. The adoption of this accounting pronouncement will have no impact on the Company’s financial statements aside from additional and revised disclosures.

6

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 March 31, 2022 or December 31, 2021.

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2022
U.S. Treasury securities	$	2,000	$	—	$	—	$	2,000
Obligations of states and political subdivisions	161,565		1,117		(5,205)		157,477
Residential mortgage backed securities:
Government agency mortgage backed securities	969,140		1,249		(48,493)		921,896
Government agency collateralized mortgage obligations	1,094,043		5		(83,591)		1,010,457
Commercial mortgage backed securities:
Government agency mortgage backed securities	11,277		—		(371)		10,906
Government agency collateralized mortgage obligations	221,955		87		(12,852)		209,190
Other debt securities	94,996		385		(1,991)		93,390
	$	2,554,976	$	2,843	$	(152,503)	$	2,405,316

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2021
U.S. Treasury securities	$	3,007	$	3	$	—	$	3,010
Obligations of other U.S. Government agencies and corporations	153,847		5,532		(269)		159,110
Obligations of states and political subdivisions	—		—		—		—
Residential mortgage backed securities:
Government agency mortgage backed securities	967,497		7,854		(6,816)		968,535
Government agency collateralized mortgage obligations	1,008,514		457		(20,371)		988,600
Commercial mortgage backed securities:
Government agency mortgage backed securities	14,717		365		(1)		15,081
Government agency collateralized mortgage obligations	216,859		812		(3,419)		214,252
Trust preferred securities	—		—		—		—
Other debt securities	36,515		1,097		(148)		37,464
	$	2,400,956	$	16,120	$	(31,024)	$	2,386,052

7

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The amortized cost and fair value of securities held to maturity were as follows as of the dates presented:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2022
Obligations of states and political subdivisions	$	290,588	$	—	$	(26,969)	$	263,619
Residential mortgage backed securities
Government agency mortgage backed securities	95,369		—		(3,943)		91,426
Government agency collateralized mortgage obligations	23,403		—		(1,904)		21,499
Commercial mortgage backed securities:
Government agency mortgage backed securities	17,022		—		(1,488)		15,534
Government agency collateralized mortgage obligations	38,906		—		(2,261)		36,645
Other debt securities	21,938		—		(1,120)		20,818
	$	487,226	$	—	$	(37,685)	$	449,541
Allowance for credit losses - held to maturity securities	(32)
Held to maturity securities, net of allowance for credit losses	$	487,194

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2021
Obligations of states and political subdivisions	$	267,641	$	333	$	(685)	$	267,289
Residential mortgage backed securities
Government agency mortgage backed securities	60,507		1		(198)		60,310
Government agency collateralized mortgage obligations	24,832		—		(92)		24,740
Commercial mortgage backed securities:
Government agency mortgage backed securities	1,855		—		—		1,855
Government agency collateralized mortgage obligations	39,505		—		(117)		39,388
Other debt securities	22,049		—		(79)		21,970
	$	416,389	$	334	$	(1,171)	$	415,552
Allowance for credit losses - held to maturity securities	(32)
Held to maturity securities, net of allowance for credit losses	$	416,357

8

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

There were no securities sold during the three months ended March 31, 2022. Securities sold during the three months ended March 31, 2021 were as set forth in the table below.

	Carrying Value		Net Proceeds		Gain/(Loss)
Three months ended March 31, 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

Gross realized gains and losses on sales of securities available for sale for the three months ended March 31, 2021 were as follows:

	Three Months Ended
	March 31,
		2021
Gross gains on sales of securities available for sale		$	3,508
Gross losses on sales of securities available for sale		(2,151)
Gains on sales of securities available for sale, net		$	1,357

At March 31, 2022 and December 31, 2021, securities with a carrying value of $684,687 and $607,681, respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $18,305 and $21,493 were pledged as collateral for short-term borrowings and derivative instruments at March 31, 2022 and December 31, 2021, respectively.

The amortized cost and fair value of securities at March 31, 2022 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.

	Held to Maturity				Available for Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	155	$	155	$	3,996	$	4,003
Due after one year through five years	2,047		1,977		37,518		37,814
Due after five years through ten years	18,244		16,884		66,830		66,946
Due after ten years	270,142		244,603		88,851		84,252
Residential mortgage backed securities:
Government agency mortgage backed securities	95,369		91,426		969,140		921,896
Government agency collateralized mortgage obligations	23,403		21,499		1,094,043		1,010,457
Commercial mortgage backed securities:
Government agency mortgage backed securities	17,022		15,534		11,277		10,906
Government agency collateralized mortgage obligations	38,906		36,645		221,955		209,190
Other debt securities	21,938		20,818		61,366		59,852
	$	487,226	$	449,541	$	2,554,976	$	2,405,316

9

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

The following tables present 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:
March 31, 2022
Obligations of states and political subdivisions	41	$	81,646	$	(4,767)	4	$	5,805	$	(438)	45	$	87,451	$	(5,205)
Residential mortgage backed securities:
Government agency mortgage backed securities	80	761,484		(43,653)		6	49,651		(4,840)		86	811,135		(48,493)
Government agency collateralized mortgage obligations	61	932,820		(74,437)		4	77,376		(9,154)		65	1,010,196		(83,591)
Commercial mortgage backed securities:
Government agency mortgage backed securities	3	10,481		(371)		1	425		—		4	10,906		(371)
Government agency collateralized mortgage obligations	24	150,009		(8,741)		7	40,496		(4,111)		31	190,505		(12,852)
Other debt securities	10	51,369		(1,991)		—	—		—		10	51,369		(1,991)
Total	219	$	1,987,809	$	(133,960)	22	$	173,753	$	(18,543)	241	$	2,161,562	$	(152,503)
December 31, 2021
Obligations of states and political subdivisions	8	$	34,303	$	(216)	3	$	3,892	$	(53)	11	$	38,195	$	(269)
Residential mortgage backed securities:
Government agency mortgage backed securities	41	727,546		(6,312)		1	12,305		(504)		42	739,851		(6,816)
Government agency collateralized mortgage obligations	49	966,126		(20,371)		—	—		—		49	966,126		(20,371)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	1,791		(1)		1	432		—		2	2,223		(1)
Government agency collateralized mortgage obligations	21	160,919		(3,072)		2	9,005		(347)		23	169,924		(3,419)
Trust preferred securities	—	—		—		—	—		—		—	—		—
Other debt securities	1	8,699		(148)		—	—		—		1	8,699		(148)
Total	121	$	1,899,384	$	(30,120)	7	$	25,634	$	(904)	128	$	1,925,018	$	(31,024)

10

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Less than 12 Months					12 Months or More					Total
	#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses
Held to Maturity:
March 31, 2022
Obligations of states and political subdivisions	127	$	261,920	$	(26,786)	1	$	1,699	$	(183)	128	$	263,619	$	(26,969)
Residential mortgage backed securities:
Government agency mortgage backed securities	55	86,842		(3,599)		1	4,584		(344)		56	91,426		(3,943)
Government agency collateralized mortgage obligations	—	—		—		1	21,499		(1,904)		1	$	21,499	$	(1,904)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	15,534		(1,488)		—	—		—		1	$	15,534	$	(1,488)
Government agency collateralized mortgage obligations	6	31,380		(1,923)		1	5,265		(338)		7	$	36,645	$	(2,261)
Other debt securities	8	20,818		(1,120)		—	—		—		8	$	20,818	$	(1,120)
Total	197	$	416,494	$	(34,916)	4	$	33,047	$	(2,769)	201	$	449,541	$	(37,685)
December 31, 2021
Obligations of states and political subdivisions	24	$	62,131	$	(685)	—	$	—	$	—	24	$	62,131	$	(685)
Residential mortgage backed securities:
Government agency mortgage backed securities	50	53,560		(181)		1	5,354		(17)		51	58,914		(198)
Government agency collateralized mortgage obligations	1	24,740		(92)		—	—		—		1	24,740		(92)
Commercial mortgage backed securities:
Government agency collateralized mortgage obligations	7	39,388		(117)		—	—		—		7	39,388		(117)
Other debt securities	8	21,972		(79)		—	—		—		8	21,972		(79)
Total	90	$	201,791	$	(1,154)	1	$	5,354	$	(17)	91	$	207,145	$	(1,171)

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, 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 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. Based upon its review of securities with unrealized losses as of March 31, 2022, the Company determined that all such losses resulted from factors not deemed credit related. As such, the Company did not record any impairment for the first quarter.

The allowance for credit losses on held to maturity securities was $32 at March 31, 2022 and December 31, 2021. The Company monitors the credit quality of debt securities held to maturity using bond investment grades assigned by third party ratings agencies. Updated investment grades are obtained as they become available from agencies. On March 31, 2022, 99.9% of the amortized cost of debt securities held to maturity were rated A or higher by the ratings agencies.

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural(1)	$	1,336,239	$	1,332,962
Lease financing	94,954		80,192
Real estate – construction:
Residential	305,396		300,988
Commercial	911,532		798,914
Total real estate – construction	1,216,928		1,099,902
Real estate – 1-4 family mortgage:
Primary	1,803,750		1,682,050
Home equity	424,426		423,108
Rental/investment	274,117		268,245
Land development	142,294		135,070
Total real estate – 1-4 family mortgage	2,644,587		2,508,473
Real estate – commercial mortgage:
Owner-occupied	1,318,446		1,329,219
Non-owner occupied	2,510,981		2,446,370
Land development	116,113		110,395
Total real estate – commercial mortgage	3,945,540		3,885,984
Installment loans to individuals	105,754		107,565
Gross loans	9,344,002		9,015,078
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	$	9,338,890	$	9,011,011

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, 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. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected 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
March 31, 2022
Commercial, financial, agricultural	$	1,519	$	77	$	1,329,682	$	1,331,278	$	739	$	2,875	$	1,347	$	4,961	$	1,336,239
Lease financing	—		—		94,954		94,954		—		—		—		—		94,954
Real estate – construction:
Residential	1,857		—		303,539		305,396		—		—		—		—		305,396
Commercial	—		—		911,532		911,532		—		—		—		—		911,532
Total real estate – construction	1,857		—		1,215,071		1,216,928		—		—		—		—		1,216,928
Real estate – 1-4 family mortgage:
Primary	16,852		—		1,771,806		1,788,658		4,018		6,812		4,262		15,092		1,803,750
Home equity	1,953		32		420,995		422,980		54		1,012		380		1,446		424,426
Rental/investment	562		100		272,736		273,398		16		438		265		719		274,117
Land development	332		—		141,441		141,773		—		333		188		521		142,294
Total real estate – 1-4 family mortgage	19,699		132		2,606,978		2,626,809		4,088		8,595		5,095		17,778		2,644,587
Real estate – commercial mortgage:
Owner-occupied	2,617		—		1,312,212		1,314,829		2,809		808		—		3,617		1,318,446
Non-owner occupied	662		—		2,504,698		2,505,360		—		—		5,621		5,621		2,510,981
Land development	202		—		115,582		115,784		—		292		37		329		116,113
Total real estate – commercial mortgage	3,481		—		3,932,492		3,935,973		2,809		1,100		5,658		9,567		3,945,540
Installment loans to individuals	674		—		104,813		105,487		3		20		244		267		105,754
Unearned income	—		—		(5,112)		(5,112)		—		—		—		—		(5,112)
Loans, net of unearned income	$	27,230	$	209	$	9,278,878	$	9,306,317	$	7,639	$	12,590	$	12,344	$	32,573	$	9,338,890

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, 2021
Commercial, financial, agricultural	$	3,325	$	103	$	1,323,774	$	1,327,202	$	1,669	$	2,665	$	1,426	$	5,760	$	1,332,962
Lease financing	—		—		80,181		80,181		—		11		—		11		80,192
Real estate – construction:
Residential	1,077		—		299,911		300,988		—		—		—		—		300,988
Commercial	—		—		798,914		798,914		—		—		—		—		798,914
Total real estate – construction	1,077		—		1,098,825		1,099,902		—		—		—		—		1,099,902
Real estate – 1-4 family mortgage:
Primary	14,785		389		1,652,940		1,668,114		1,920		8,195		3,821		13,936		1,682,050
Home equity	1,468		—		420,695		422,163		182		546		217		945		423,108
Rental/investment	401		445		266,353		267,199		—		771		275		1,046		268,245
Land development	431		—		134,382		134,813		—		65		192		257		135,070
Total real estate – 1-4 family mortgage	17,085		834		2,474,370		2,492,289		2,102		9,577		4,505		16,184		2,508,473
Real estate – commercial mortgage:
Owner-occupied	720		36		1,325,776		1,326,532		163		822		1,702		2,687		1,329,219
Non-owner occupied	260		89		2,440,513		2,440,862		—		—		5,508		5,508		2,446,370
Land development	476		—		109,575		110,051		—		292		52		344		110,395
Total real estate – commercial mortgage	1,456		125		3,875,864		3,877,445		163		1,114		7,262		8,539		3,885,984
Installment loans to individuals	978		12		106,318		107,308		30		95		132		257		107,565
Unearned income	—		—		(4,067)		(4,067)		—		—		—		—		(4,067)
Loans, net of unearned income	$	23,921	$	1,074	$	8,955,265	$	8,980,260	$	3,964	$	13,462	$	13,325	$	30,751	$	9,011,011

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 March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $15,267 and $5,965 at March 31, 2022 and March 31, 2021, 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 Amortized Cost		Post- Modification Amortized Cost
Three months ended March 31, 2022
Real estate – 1-4 family mortgage:
Primary	7	$	865	$	873
Real estate – commercial mortgage:
Owner-occupied	1	6,500		6,500
Total	8	$	7,365	$	7,373
Three months ended March 31, 2021
Real estate – 1-4 family mortgage:
Primary	3	$	432	$	435
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	4	$	1,269	$	1,245

With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted 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, 2022	97	$	14,650
Additional advances or loans with concessions	8	7,403
Reductions due to:
Reclassified as nonperforming	(4)	(452)
Paid in full	(5)	(530)
Principal paydowns	—	(91)
Totals at March 31, 2022	96	$	20,980

The allowance for credit losses attributable to restructured loans was $646 and $328 at March 31, 2022 and March 31, 2021, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022 and no remaining availability at March 31, 2021.

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

15

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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, if 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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	96,762	$	276,836	$	184,316	$	105,812	$	39,160	$	21,356	$	573,245	$	4,504	$	1,301,991
Pass	96,208		275,666		176,524		105,294		37,590		20,606		571,066		3,497		1,286,451
Special Mention	89		—		—		194		272		—		601		—		1,156
Substandard	465		1,170		7,792		324		1,298		750		1,578		1,007		14,384
Lease Financing Receivables	$	19,463	$	24,644	$	21,969	$	14,215	$	6,758	$	2,793	$	—	$	—	$	89,842
Pass	19,463		24,644		21,969		14,215		6,758		2,341		—		—		89,390
Special Mention	—		—		—		—		—		452		—		—		452
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	162,809	$	482,341	$	318,316	$	145,402	$	15,525	$	—	$	6,539	$	602	$	1,131,534
Residential	$	61,146	$	150,122	$	6,025	$	—	$	—	$	—	$	2,107	$	602	$	220,002
Pass	61,146		150,122		6,025		—		—		—		2,107		602		220,002
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	101,663	$	332,219	$	312,291	$	145,402	$	15,525	$	—	$	4,432	$	—	$	911,532
Pass	101,663		331,298		312,291		145,402		15,525		—		4,432		—		910,611
Special Mention	—		921		—		—		—		—		—		—		921
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	86,992	$	180,183	$	67,130	$	43,262	$	24,115	$	29,405	$	26,986	$	854	$	458,927
Primary	$	7,747	$	12,478	$	6,702	$	2,969	$	4,159	$	4,803	$	6,002	$	—	$	44,860
Pass	7,538		12,478		6,702		2,848		4,159		4,436		5,991		—		44,152
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	209		—		—		121		—		367		11		—		708
Home Equity	$	—	$	1,324	$	—	$	41	$	127	$	—	$	13,817	$	9	$	15,318
Pass	—		1,324		—		41		127		—		13,817		9		15,318
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	41,987	$	100,533	$	51,166	$	29,396	$	19,608	$	24,032	$	6,321	$	845	$	273,888
Pass	41,966		100,456		50,958		28,363		19,339		23,306		6,321		845		271,554
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	21		77		208		1,033		269		726		—		—		2,334
Land Development	$	37,258	$	65,848	$	9,262	$	10,856	$	221	$	570	$	846	$	—	$	124,861
Pass	37,258		65,848		8,974		10,832		221		570		846		—		124,549
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		288		24		—		—		—		—		312
Real Estate - Commercial Mortgage	$	398,640	$	1,095,513	$	790,229	$	608,176	$	304,844	$	578,577	$	137,549	$	19,906	$	3,933,434
Owner-Occupied	$	121,718	$	302,860	$	266,970	$	197,621	$	146,863	$	219,190	$	55,759	$	7,316	$	1,318,297

16

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	121,353		301,595		265,142		196,020		145,137		203,852		55,759		6,347		1,295,205
Special Mention	—		1,191		—		347		—		3,127		—		932		5,597
Substandard	365		74		1,828		1,254		1,726		12,211		—		37		17,495
Non-Owner Occupied	$	260,565	$	749,262	$	507,210	$	400,465	$	152,176	$	356,205	$	72,478	$	12,590	$	2,510,951
Pass	260,361		740,078		507,210		387,131		152,176		292,279		72,478		12,590		2,424,303
Special Mention	—		9,184		—		11,322		—		24,606		—		—		45,112
Substandard	204		—		—		2,012		—		39,320		—		—		41,536
Land Development	$	16,357	$	43,391	$	16,049	$	10,090	$	5,805	$	3,182	$	9,312	$	—	$	104,186
Pass	14,759		43,123		15,713		10,090		5,724		3,182		9,312		—		101,903
Special Mention	—		43		—		—		—		—		—		—		43
Substandard	1,598		225		336		—		81		—		—		—		2,240
Installment loans to individuals	$	73	$	—	$	—	$	37	$	—	$	—	$	—	$	—	$	110
Pass	73		—		—		37		—		—		—		—		110
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	764,739	$	2,059,517	$	1,381,960	$	916,904	$	390,402	$	632,131	$	744,319	$	25,866	$	6,915,838
Pass	761,788		2,046,632		1,371,508		900,273		386,756		550,572		742,129		23,890		6,783,548
Special Mention	89		11,339		—		11,863		272		28,185		601		932		53,281
Substandard	2,862		1,546		10,452		4,768		3,374		53,374		1,589		1,044		79,009

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	300,748	$	245,940	$	122,350	$	44,533	$	15,384	$	11,103	$	557,628	$	2,757	$	1,300,443
Pass	299,731		245,657		120,102		43,042		14,603		8,605		553,541		2,002		1,287,283
Special Mention	—		136		1,798		281		605		1,196		651		—		4,667
Substandard	1,017		147		450		1,210		176		1,302		3,436		755		8,493
Real Estate - Construction	$	461,370	$	371,694	$	174,369	$	14,813	$	—	$	—	$	3,769	$	2,428	$	1,028,443
Residential	$	210,734	$	12,598	$	—	$	—	$	—	$	—	$	3,769	$	2,428	$	229,529
Pass	210,734		12,598		—		—		—		—		3,769		2,428		229,529
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	250,636	$	359,096	$	174,369	$	14,813	$	—	$	—	$	—	$	—	$	798,914
Pass	250,636		359,096		174,369		14,813		—		—		—		—		798,914
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

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
Real Estate - 1-4 Family Mortgage	$	205,137	$	83,038	$	60,240	$	30,044	$	28,340	$	8,846	$	25,534	$	941	$	442,120
Primary	$	15,599	$	7,698	$	3,662	$	5,985	$	4,150	$	1,066	$	4,727	$	—	$	42,887
Pass	15,599		7,698		3,496		5,985		4,066		1,057		4,716		—		42,617
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		166		—		84		9		11		—		270
Home Equity	$	1,318	$	—	$	42	$	131	$	—	$	—	$	13,615	$	10	$	15,116
Pass	1,318		—		42		131		—		—		13,615		10		15,116
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	111,006	$	61,801	$	33,734	$	23,520	$	23,890	$	7,469	$	5,554	$	931	$	267,905
Pass	110,987		60,855		32,733		23,246		23,708		7,098		5,554		931		265,112
Special Mention	—		249		—		—		—		—		—		—		249
Substandard	19		697		1,001		274		182		371		—		—		2,544
Land Development	$	77,214	$	13,539	$	22,802	$	408	$	300	$	311	$	1,638	$	—	$	116,212
Pass	74,818		13,539		22,769		408		300		311		1,638		—		113,783
Special Mention	2,396		—		—		—		—		—		—		—		2,396
Substandard	—		—		33		—		—		—		—		—		33
Real Estate - Commercial Mortgage	$	1,168,118	$	836,549	$	680,506	$	344,089	$	298,644	$	376,652	$	147,446	$	21,644	$	3,873,648
Owner-Occupied	$	312,031	$	305,686	$	220,057	$	164,345	$	140,265	$	117,767	$	59,126	$	9,748	$	1,329,025
Pass	310,736		304,555		218,447		161,521		134,410		109,577		59,126		8,036		1,306,408
Special Mention	1,210		1,131		—		—		1,733		328		—		1,712		6,114
Substandard	85		—		1,610		2,824		4,122		7,862		—		—		16,503
Non-Owner Occupied	$	809,784	$	511,803	$	449,409	$	173,123	$	155,175	$	256,133	$	79,016	$	11,896	$	2,446,339
Pass	800,348		503,009		436,062		165,843		102,446		242,665		79,016		11,896		2,341,285
Special Mention	9,235		8,794		11,356		7,280		33,176		8,024		—		—		77,865
Substandard	201		—		1,991		—		19,553		5,444		—		—		27,189
Land Development	$	46,303	$	19,060	$	11,040	$	6,621	$	3,204	$	2,752	$	9,304	$	—	$	98,284
Pass	46,034		17,030		11,040		6,569		3,204		2,752		9,304		—		95,933
Special Mention	44		—		—		—		—		—		—		—		44
Substandard	225		2,030		—		52		—		—		—		—		2,307
Installment loans to individuals	$	—	$	—	$	42	$	—	$	—	$	—	$	—	$	—	$	42
Pass	—		—		42		—		—		—		—		—		42
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,135,373	$	1,537,221	$	1,037,507	$	433,479	$	342,368	$	396,601	$	734,377	$	27,770	$	6,644,696
Pass	2,120,941		1,524,037		1,019,102		421,558		282,737		372,065		730,279		25,303		6,496,022
Special Mention	12,885		10,310		13,154		7,561		35,514		9,548		651		1,712		91,335
Substandard	1,547		2,874		5,251		4,360		24,117		14,988		3,447		755		57,339

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

18

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	24	$	—	$	—	$	—	$	4,586	$	29,638	$	—	$	34,248
Performing Loans	—		24		—		—		—		4,586		29,638		—		34,248
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Residential	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Performing Loans	7,060		70,624		6,079		1,631		—		—		—		—		85,394
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	202,102	$	576,608	$	389,909	$	182,310	$	142,482	$	284,535	$	404,747	$	2,967	$	2,185,660
Primary	$	199,643	$	566,132	$	387,647	$	181,465	$	140,891	$	283,112	$	—	$	—	$	1,758,890
Performing Loans	199,643		565,669		386,148		179,052		136,035		277,478		—		—		1,744,025
Non-Performing Loans	—		463		1,499		2,413		4,856		5,634		—		—		14,865
Home Equity	$	520	$	111	$	—	$	79	$	224	$	460	$	404,747	$	2,967	$	409,108
Performing Loans	520		111		—		79		224		388		403,926		2,413		407,661
Non-Performing Loans	—		—		—		—		—		72		821		554		1,447
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	229	$	—	$	—	$	229
Performing Loans	—		—		—		—		—		176		—		—		176
Non-Performing Loans	—		—		—		—		—		53		—		—		53
Land Development	$	1,939	$	10,365	$	2,262	$	766	$	1,367	$	734	$	—	$	—	$	17,433
Performing Loans	1,939		10,340		2,172		734		1,367		672		—		—		17,224
Non-Performing Loans	—		25		90		32		—		62		—		—		209
Real Estate - Commercial Mortgage	$	1,004	$	4,940	$	3,204	$	1,785	$	748	$	425	$	—	$	—	$	12,106
Owner-Occupied	$	—	$	—	$	135	$	14	$	—	$	—	$	—	$	—	$	149
Performing Loans	—		—		135		14		—		—		—		—		149
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	30
Performing Loans	—		—		30		—		—		—		—		—		30
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	1,004	$	4,940	$	3,039	$	1,771	$	748	$	425	$	—	$	—	$	11,927
Performing Loans	1,004		4,940		3,039		1,755		748		374		—		—		11,860
Non-Performing Loans	—		—		—		16		—		51		—		—		67
Installment loans to individuals	$	13,094	$	36,301	$	11,810	$	20,312	$	6,858	$	3,303	$	13,926	$	40	$	105,644
Performing Loans	12,981		36,285		11,783		20,265		6,848		3,252		13,926		37		105,377
Non-Performing Loans	113		16		27		47		10		51		—		3		267
Total loans not subject to risk rating	$	223,260	$	688,497	$	411,002	$	206,038	$	150,088	$	292,849	$	448,311	$	3,007	$	2,423,052
Performing Loans	223,147		687,993		409,386		203,530		145,222		286,926		447,490		2,450		2,406,144
Non-Performing Loans	113		504		1,616		2,508		4,866		5,923		821		557		16,908

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
December 31, 2021
Commercial, Financial, Agricultural	$	71	$	—	$	—	$	1	$	—	$	8,983	$	23,464	$	—	$	32,519
Performing Loans	71		—		—		1		—		8,983		23,464		—		32,519
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	26,301	$	23,270	$	15,504	$	7,713	$	2,169	$	1,168	$	—	$	—	$	76,125
Performing Loans	26,301		23,270		15,504		7,713		2,167		1,159		—		—		76,114
Non-Performing Loans	—		—		—		—		2		9		—		—		11
Real Estate - Construction	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Residential	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Performing Loans	57,283		12,561		1,615		—		—		—		—		—		71,459
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	554,483	$	419,252	$	205,014	$	155,535	$	117,619	$	207,381	$	404,293	$	2,776	$	2,066,353
Primary	$	542,659	$	415,863	$	203,739	$	153,717	$	116,689	$	206,496	$	—	$	—	$	1,639,163
Performing Loans	542,053		414,931		201,273		148,649		114,669		203,416		—		—		1,624,991
Non-Performing Loans	606		932		2,466		5,068		2,020		3,080		—		—		14,172
Home Equity	$	111	$	—	$	79	$	225	$	—	$	508	$	404,293	$	2,776	$	407,992
Performing Loans	111		—		79		225		—		435		403,598		2,599		407,047
Non-Performing Loans	—		—		—		—		—		73		695		177		945
Rental/Investment	$	—	$	—	$	99	$	—	$	23	$	218	$	—	$	—	$	340
Performing Loans	—		—		99		—		23		164		—		—		286
Non-Performing Loans	—		—		—		—		—		54		—		—		54
Land Development	$	11,713	$	3,389	$	1,097	$	1,593	$	907	$	159	$	—	$	—	$	18,858
Performing Loans	11,688		3,298		1,065		1,593		832		159		—		—		18,635
Non-Performing Loans	25		91		32		—		75		—		—		—		223
Real Estate - Commercial Mortgage	$	5,265	$	3,584	$	2,082	$	800	$	468	$	137	$	—	$	—	$	12,336
Owner-Occupied	$	—	$	136	$	58	$	—	$	—	$	—	$	—	$	—	$	194
Performing Loans	—		136		58		—		—		—		—		—		194
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	31	$	—	$	—	$	—	$	—	$	—	$	—	$	31
Performing Loans	—		31		—		—		—		—		—		—		31
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	5,265	$	3,417	$	2,024	$	800	$	468	$	137	$	—	$	—	$	12,111
Performing Loans	5,265		3,417		2,008		800		468		86		—		—		12,044
Non-Performing Loans	—		—		16		—		—		51		—		—		67
Installment loans to individuals	$	44,302	$	15,436	$	23,114	$	7,717	$	1,985	$	1,917	$	13,016	$	36	$	107,523
Performing Loans	44,254		15,360		23,035		7,704		1,958		1,890		13,016		36		107,253
Non-Performing Loans	48		76		79		13		27		27		—		—		270
Total loans not subject to risk rating	$	687,705	$	474,103	$	247,329	$	171,766	$	122,241	$	219,586	$	440,773	$	2,812	$	2,366,315
Performing Loans	687,026		473,004		244,736		166,685		120,117		216,292		440,078		2,635		2,350,573
Non-Performing Loans	679		1,099		2,593		5,081		2,124		3,294		695		177		15,742

20

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural	$	109,368	$	90,308
Real estate – construction:
Residential	1,259		1,287
Commercial	3,865		3,707
Total real estate – construction	5,124		4,994
Real estate – 1-4 family mortgage:
Primary	122,063		134,070
Home equity	46,239		51,496
Rental/investment	18,694		20,229
Land development	9,396		9,978
Total real estate – 1-4 family mortgage	196,392		215,773
Real estate – commercial mortgage:
Owner-occupied	220,247		234,132
Non-owner occupied	396,135		410,577
Land development	15,942		18,344
Total real estate – commercial mortgage	632,324		663,053
Installment loans to individuals	31,361		35,775
Loans	$	974,569	$	1,009,903

In the first quarter of 2022, the Company acquired Southeastern Commercial Finance, LLC. The acquired loans were added to the commercial, financial, and agricultural loan category at their fair value of $28,110 at the date of acquisition. The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below.

	Carrying Amount
Purchase price of loans at acquisition	$	6,543
Allowance for credit losses at acquisition	1,648
Par value of acquired loans at acquisition	$	8,191

21

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
March 31, 2022
Commercial, financial, agricultural	$	316	$	—	$	100,913	$	101,229	$	203	$	1,996	$	5,940	$	8,139	$	109,368
Real estate – construction:
Residential	—		—		1,259		1,259		—		—		—		—		1,259
Commercial	—		—		3,865		3,865		—		—		—		—		3,865
Total real estate – construction	—		—		5,124		5,124		—		—		—		—		5,124
Real estate – 1-4 family mortgage:
Primary	1,224		—		115,600		116,824		981		1,706		2,552		5,239		122,063
Home equity	297		—		45,187		45,484		97		265		393		755		46,239
Rental/investment	—		—		18,635		18,635		—		—		59		59		18,694
Land development	75		—		9,321		9,396		—		—		—		—		9,396
Total real estate – 1-4 family mortgage	1,596		—		188,743		190,339		1,078		1,971		3,004		6,053		196,392
Real estate – commercial mortgage:
Owner-occupied	314		—		217,850		218,164		—		138		1,945		2,083		220,247
Non-owner occupied	54		—		393,144		393,198		2,931		—		6		2,937		396,135
Land development	—		38		15,786		15,824		—		—		118		118		15,942
Total real estate – commercial mortgage	368		38		626,780		627,186		2,931		138		2,069		5,138		632,324
Installment loans to individuals	1,107		—		30,162		31,269		16		—		76		92		31,361
Loans, net of unearned income	$	3,387	$	38	$	951,722	$	955,147	$	4,228	$	4,105	$	11,089	$	19,422	$	974,569

22

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, 2021
Commercial, financial, agricultural	$	122	$	—	$	82,918	$	83,040	$	42	$	1,618	$	5,608	$	7,268	$	90,308
Real estate – construction:
Residential	—		—		1,287		1,287		—		—		—		—		1,287
Commercial	—		—		3,707		3,707		—		—		—		—		3,707
Total real estate – construction	—		—		4,994		4,994		—		—		—		—		4,994
Real estate – 1-4 family mortgage:
Primary	1,042		36		127,820		128,898		257		2,225		2,690		5,172		134,070
Home equity	149		—		50,573		50,722		—		373		401		774		51,496
Rental/investment	20		—		20,105		20,125		26		—		78		104		20,229
Land development	—		—		9,978		9,978		—		—		—		—		9,978
Total real estate – 1-4 family mortgage	1,211		36		208,476		209,723		283		2,598		3,169		6,050		215,773
Real estate – commercial mortgage:
Owner-occupied	1,511		323		230,305		232,139		—		289		1,704		1,993		234,132
Non-owner occupied	—		—		407,639		407,639		—		—		2,938		2,938		410,577
Land development	—		—		18,218		18,218		—		—		126		126		18,344
Total real estate – commercial mortgage	1,511		323		656,162		657,996		—		289		4,768		5,057		663,053
Installment loans to individuals	839		8		34,690		35,537		15		11		212		238		35,775
Loans, net of unearned income	$	3,683	$	367	$	987,240	$	991,290	$	340	$	4,516	$	13,757	$	18,613	$	1,009,903

There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $9,944 and 19,140 at March 31, 2022 and March 31, 2021, 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 March 31, 2022
Real estate – 1-4 family mortgage:
Land development	3	$	98	$	94
Three months ended March 31, 2021
Commercial, financial, agricultural	1	$	135	$	135

With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted as of the date of this report.

23

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, 2022	38	$	5,609
Additional advances or loans with concessions	3	110
Reclassified as performing restructured loan	3	302
Reductions due to:
Reclassified to nonperforming loans	(2)	(41)
Paid in full	(2)	(1,596)
Charge-offs	—	—
Principal paydowns	—	(44)
Totals at March 31, 2022	40	$	4,340

The allowance for credit losses attributable to restructured loans was $69 and $167 at March 31, 2022 and March 31, 2021, respectively. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022, as compared to $153 in remaining availability at March 31, 2021.

24

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	629	$	6,149	$	33,798	$	67,658	$	1,134	$	109,368
Pass	—		—		—		629		5,569		25,590		66,049		740		98,577
Special Mention	—		—		—		—		239		—		—		—		239
Substandard	—		—		—		—		341		8,208		1,609		394		10,552
Real Estate - Construction	$	—	$	—	$	—	$	—	$	575	$	4,549	$	—	$	—	$	5,124
Residential	$	—	$	—	$	—	$	—	$	575	$	684	$	—	$	—	$	1,259
Pass	—		—		—		—		575		684		—		—		1,259
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,865	$	—	$	—	$	3,865
Pass	—		—		—		—		—		3,865		—		—		3,865
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	152	$	9,106	$	32,889	$	903	$	191	$	43,241
Primary	$	—	$	—	$	—	$	35	$	2,317	$	12,126	$	158	$	—	$	14,636
Pass	—		—		—		35		2,317		9,148		158		—		11,658
Special Mention	—		—		—		—		—		56		—		—		56
Substandard	—		—		—		—		—		2,922		—		—		2,922
Home Equity	$	—	$	—	$	—	$	—	$	—	$	38	$	590	$	191	$	819
Pass	—		—		—		—		—		38		590		—		628
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		191		191
Rental/Investment	$	—	$	—	$	—	$	117	$	314	$	18,108	$	155	$	—	$	18,694
Pass	—		—		—		117		314		17,367		5		—		17,803
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		741		150		—		891
Land Development	$	—	$	—	$	—	$	—	$	6,475	$	2,617	$	—	$	—	$	9,092
Pass	—		—		—		—		6,475		1,285		—		—		7,760
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,332		—		—		1,332

25

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	322	$	49,086	$	566,330	$	1,758	$	14,136	$	631,632
Owner-Occupied	$	—	$	—	$	—	$	—	$	13,054	$	206,267	$	926	$	—	$	220,247
Pass	—		—		—		—		13,054		189,182		926		—		203,162
Special Mention	—		—		—		—		—		1,918		—		—		1,918
Substandard	—		—		—		—		—		15,167		—		—		15,167
Non-Owner Occupied	$	—	$	—	$	—	$	322	$	35,628	$	345,803	$	246	$	14,136	$	396,135
Pass	—		—		—		322		19,250		311,334		246		4,281		335,433
Special Mention	—		—		—		—		16,372		—		—		—		16,372
Substandard	—		—		—		—		6		34,469		—		9,855		44,330
Land Development	$	—	$	—	$	—	$	—	$	404	$	14,260	$	586	$	—	$	15,250
Pass	—		—		—		—		404		8,446		586		—		9,436
Special Mention	—		—		—		—		—		5,083		—		—		5,083
Substandard	—		—		—		—		—		731		—		—		731
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	—	$	1,103	$	64,916	$	637,566	$	70,319	$	15,461	$	789,365
Pass	—		—		—		1,103		47,958		566,939		68,560		5,021		689,581
Special Mention	—		—		—		—		16,611		7,057		—		—		23,668
Substandard	—		—		—		—		347		63,570		1,759		10,440		76,116

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	646	$	12,199	$	12,247	$	25,562	$	38,328	$	1,326	$	90,308
Pass	—		—		646		11,612		8,918		18,877		37,555		899		78,507
Special Mention	—		—		—		246		—		—		—		—		246
Substandard	—		—		—		341		3,329		6,685		773		427		11,555
Real Estate - Construction	$	—	$	—	$	—	$	601	$	—	$	4,393	$	—	$	—	$	4,994
Residential	$	—	$	—	$	—	$	601	$	—	$	686	$	—	$	—	$	1,287
Pass	—		—		—		601		—		686		—		—		1,287
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,707	$	—	$	—	$	3,707
Pass	—		—		—		—		—		3,707		—		—		3,707
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

26

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 - 1-4 Family Mortgage	$	—	$	—	$	152	$	10,151	$	2,781	$	32,841	$	1,476	$	201	$	47,602
Primary	$	—	$	—	$	34	$	2,485	$	1,367	$	12,336	$	161	$	—	$	16,383
Pass	—		—		34		2,485		1,367		9,408		161		—		13,455
Special Mention	—		—		—		—		—		59		—		—		59
Substandard	—		—		—		—		—		2,869		—		—		2,869
Home Equity	$	—	$	—	$	—	$	—	$	—	$	42	$	1,087	$	201	$	1,330
Pass	—		—		—		—		—		42		717		—		759
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		370		201		571
Rental/Investment	$	—	$	—	$	118	$	804	$	1,273	$	17,806	$	228	$	—	$	20,229
Pass	—		—		118		804		1,273		17,035		77		—		19,307
Special Mention	—		—		—		—		—		38		—		—		38
Substandard	—		—		—		—		—		733		151		—		884
Land Development	$	—	$	—	$	—	$	6,862	$	141	$	2,657	$	—	$	—	$	9,660
Pass	—		—		—		6,862		111		1,249		—		—		8,222
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		30		1,408		—		—		1,438
Real Estate - Commercial Mortgage	$	—	$	—	$	325	$	50,519	$	123,254	$	467,983	$	5,912	$	14,324	$	662,317
Owner-Occupied	$	—	$	—	$	—	$	13,344	$	17,621	$	200,111	$	3,056	$	—	$	234,132
Pass	—		—		—		13,344		13,888		182,779		3,056		—		213,067
Special Mention	—		—		—		—		1,553		394		—		—		1,947
Substandard	—		—		—		—		2,180		16,938		—		—		19,118
Non-Owner Occupied	$	—	$	—	$	325	$	35,887	$	103,739	$	254,080	$	2,222	$	14,324	$	410,577
Pass	—		—		325		19,510		100,682		222,048		2,222		4,418		349,205
Special Mention	—		—		—		16,370		—		359		—		—		16,729
Substandard	—		—		—		7		3,057		31,673		—		9,906		44,643
Land Development	$	—	$	—	$	—	$	1,288	$	1,894	$	13,792	$	634	$	—	$	17,608
Pass	—		—		—		1,288		1,894		7,904		634		—		11,720
Special Mention	—		—		—		—		—		5,141		—		—		5,141
Substandard	—		—		—		—		—		747		—		—		747
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	1,123	$	73,470	$	138,282	$	530,779	$	45,716	$	15,851	$	805,221
Pass	—		—		1,123		56,506		128,133		463,735		44,422		5,317		699,236
Special Mention	—		—		—		16,616		1,553		5,991		—		—		24,160
Substandard	—		—		—		348		8,596		61,053		1,294		10,534		81,825

27

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	200	$	1,079	$	110,964	$	39,583	$	1,325	$	153,151
Primary	$	—	$	—	$	—	$	200	$	538	$	106,613	$	—	$	76	$	107,427
Performing Loans	—		—		—		200		429		101,584		—		76		102,289
Non-Performing Loans	—		—		—		—		109		5,029		—		—		5,138
Home Equity	$	—	$	—	$	—	$	—	$	541	$	4,047	$	39,583	$	1,249	$	45,420
Performing Loans	—		—		—		—		541		3,994		39,011		1,120		44,666
Non-Performing Loans	—		—		—		—		—		53		572		129		754
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	—	$	304	$	—	$	—	$	304
Performing Loans	—		—		—		—		—		304		—		—		304
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Performing Loans	—		—		—		—		145		547		—		—		692
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	—	$	17,963	$	11,983	$	1,391	$	24	$	31,361
Performing Loans	—		—		—		—		17,959		11,912		1,378		20		31,269
Non-Performing Loans	—		—		—		—		4		71		13		4		92
Total loans not subject to risk rating	$	—	$	—	$	—	$	200	$	19,187	$	123,494	$	40,974	$	1,349	$	185,204
Performing Loans	—		—		—		200		19,074		118,341		40,389		1,216		179,220
Non-Performing Loans	—		—		—		—		113		5,153		585		133		5,984

28

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
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	202	$	1,480	$	19,988	$	101,060	$	44,086	$	1,355	$	168,171
Primary	$	—	$	—	$	202	$	938	$	17,505	$	98,961	$	—	$	81	$	117,687
Performing Loans	—		—		202		829		16,902		94,607		—		81		112,621
Non-Performing Loans	—		—		—		109		603		4,354		—		—		5,066
Home Equity	$	—	$	—	$	—	$	542	$	2,441	$	1,823	$	44,086	$	1,274	$	50,166
Performing Loans	—		—		—		542		2,441		1,769		43,700		1,141		49,593
Non-Performing Loans	—		—		—		—		—		54		386		133		573
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	42	$	276	$	—	$	—	$	318
Performing Loans	—		—		—		—		42		276		—		—		318
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Performing Loans	—		—		—		147		31		558		—		—		736
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	20,581	$	9,721	$	3,881	$	1,558	$	34	$	35,775
Performing Loans	—		—		—		20,566		9,714		3,684		1,541		23		35,528
Non-Performing Loans	—		—		—		15		7		197		17		11		247
Total loans not subject to risk rating	$	—	$	—	$	202	$	22,208	$	29,740	$	105,499	$	45,644	$	1,389	$	204,682
Performing Loans	—		—		202		22,084		29,130		100,894		45,241		1,245		198,796
Non-Performing Loans	—		—		—		124		610		4,605		403		144		5,886

29

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural (1)	$	1,445,607	$	1,423,270
Lease financing	94,954		80,192
Real estate – construction:
Residential	306,655		302,275
Commercial	915,397		802,621
Total real estate – construction	1,222,052		1,104,896
Real estate – 1-4 family mortgage:
Primary	1,925,813		1,816,120
Home equity	470,665		474,604
Rental/investment	292,811		288,474
Land development	151,690		145,048
Total real estate – 1-4 family mortgage	2,840,979		2,724,246
Real estate – commercial mortgage:
Owner-occupied	1,538,693		1,563,351
Non-owner occupied	2,907,116		2,856,947
Land development	132,055		128,739
Total real estate – commercial mortgage	4,577,864		4,549,037
Installment loans to individuals	137,115		143,340
Gross loans	10,318,571		10,024,981
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	10,313,459		10,020,914
Allowance for credit losses on loans	(166,468)		(164,171)
Net loans	$	10,146,991	$	9,856,743

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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, 2021.

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 March 31, 2022 and December 31, 2021, the Company had accrued interest receivable for loans of $40,409 and $41,692, 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

30

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

for credit losses, the Company did have an allowance for credit losses on interest deferred as part of the loan deferral program of $1,266 and $1,273, respectively, as of March 31, 2022 and December 31, 2021.

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 March 31, 2022
Allowance for credit losses:
Beginning balance	$	33,922	$	16,419	$	32,356	$	68,940	$	1,486	$	11,048	$	164,171
Impact of PCD loans acquired during the period	1,648		—		—		—		—		—		1,648
Charge-offs	(2,102)		—		(163)		(6)		(7)		(779)		(3,057)
Recoveries	1,136		—		178		155		12		725		2,206
Net (charge-offs) recoveries	(966)		—		15		149		5		(54)		(851)
Provision for credit losses on loans	(998)		1,992		4,477		(3,858)		91		(204)		1,500
Ending balance	$	33,606	$	18,411	$	36,848	$	65,231	$	1,582	$	10,790	$	166,468
Period-End Amount Allocated to:
Individually evaluated	$	9,225	$	—	$	396	$	2,660	$	—	$	570	$	12,851
Collectively evaluated	24,381		18,411		36,452		62,571		1,582		10,220		153,617
Ending balance	$	33,606	$	18,411	$	36,848	$	65,231	$	1,582	$	10,790	$	166,468
Loans:
Individually evaluated	$	13,070	$	—	$	4,477	$	15,464	$	—	$	570	$	33,581
Collectively evaluated	1,432,537		1,222,052		2,836,502		4,562,400		89,842		136,545		10,279,878
Ending balance	$	1,445,607	$	1,222,052	$	2,840,979	$	4,577,864	$	89,842	$	137,115	$	10,313,459
Nonaccruing loans with no allowance for credit losses	$	435	$	—	$	2,614	$	5,298	$	—	$	2	$	8,349

31

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 March 31, 2021
Allowance for credit losses:
Beginning balance	$	39,031	$	16,047	$	32,165	$	76,127	$	1,624	$	11,150	$	176,144
Charge-offs	(3,498)		(52)		(101)		(61)		—		(1,658)		(5,370)
Recoveries	289		13		261		171		11		1,587		2,332
Net (charge-offs) recoveries	(3,209)		(39)		160		110		11		(71)		(3,038)
Provision for credit losses on loans	1,770		(1,031)		(631)		(12)		(89)		(7)		—
Ending balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Period-End Amount Allocated to:
Individually evaluated	$	9,908	$	—	$	232	$	4,846	$	—	$	607	$	15,593
Collectively evaluated	27,684		14,977		31,462		71,379		1,546		10,465		157,513
Ending balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Loans:
Individually evaluated	$	15,435	$	—	$	6,311	$	18,508	$	—	$	621	$	40,875
Collectively evaluated	2,233,852		955,918		2,679,750		4,530,519		75,256		172,238		10,647,533
Ending balance	$	2,249,287	$	955,918	$	2,686,061	$	4,549,027	$	75,256	$	172,859	$	10,688,408
Nonaccruing loans with no allowance for credit losses	$	1,848	$	—	$	4,695	$	2,113	$	—	$	—	$	8,656

The Company recorded a provision for credit losses of $1,500 during the first quarter of 2022, as compared to no provision for credit losses recorded in the first quarter of 2021. The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. The provision activity during the current quarter was primarily driven by strong loan growth during the quarter and the acquisition of Southeastern Commercial Finance, LLC.

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, 2021.

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

Three Months Ended March 31,	2022		2021
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,035	$	20,535
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense)	(550)		—
Ending balance	$	19,485	$	20,535

32

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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
March 31, 2022
Residential real estate	$	44	$	332	$	376
Commercial real estate	39		136		175
Residential land development	291		4		295
Commercial land development	1,157		59		1,216
Total	$	1,531	$	531	$	2,062
December 31, 2021
Residential real estate	$	93	$	166	$	259
Commercial real estate	39		722		761
Residential land development	301		4		305
Commercial land development	1,156		59		1,215
Total	$	1,589	$	951	$	2,540

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

	Purchased OREO		Non Purchased OREO		Total OREO
Balance at January 1, 2022	$	1,589	$	951	$	2,540
Transfers of loans	36		164		200
Impairments	(14)		—		(14)
Dispositions	(79)		(586)		(665)
Other	(1)		2		1
Balance at March 31, 2022	$	1,531	$	531	$	2,062

At March 31, 2022 and December 31, 2021, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $2,069 and $22, 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
	March 31,
	2022		2021
Repairs and maintenance	$	3	$	20
Property taxes and insurance	35		11
Impairments	14		70
Net gains on OREO sales	(291)		(56)
Rental income	(2)		(4)
Total	$	(241)	$	41

33

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

Note 7 – Goodwill and Other Intangible Assets

(In Thousands)

The carrying amounts of goodwill by operating segments for the three months ended March 31, 2022 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2022	$	936,916	$	2,767	$	939,683
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608		—		6,608
Balance at March 31, 2022	$	943,524	$	2,767	$	946,291

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

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
March 31, 2022
Core deposit intangibles	$	82,492	$	(60,720)	$	21,772
Customer relationship intangible	2,470		(1,511)		959
Total finite-lived intangible assets	$	84,962	$	(62,231)	$	22,731
December 31, 2021
Core deposit intangibles	$	82,492	$	(59,399)	$	23,093
Customer relationship intangible	2,470		(1,465)		1,005
Total finite-lived intangible assets	$	84,962	$	(60,864)	$	24,098

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

	Three Months Ended
	March 31,
	2022		2021
Amortization expense for:
Core deposit intangibles	$	1,321	$	1,553
Customer relationship intangible	45		45
Total intangible amortization	$	1,366	$	1,598

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2022 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2022	$	4,941	$	181	$	5,122
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,102		181		3,283
2026	2,899		138		3,037

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

34

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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, an increase in mortgage interest rates or a decrease in actual prepayment speeds may cause positive 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 no valuation adjustment on MSRs during the three months ended March 31, 2022. During the three months ended March 31, 2021, there was a positive valuation adjustment of $13,561 which was caused primarily by an increase in mortgage interest rates and a corresponding decrease in actual prepayment speeds.

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2022	$	89,018
Capitalization	6,603
Amortization	(3,891)
Balance at March 31, 2022	$	91,730

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

	March 31, 2022			December 31, 2021
Unpaid principal balance	$	8,931,901		$	8,728,629
Weighted-average prepayment speed (CPR)	6.71		%	10.56		%
Estimated impact of a 10% increase	$	(5,883)		$	(3,875)
Estimated impact of a 20% increase	(11,291)			(7,464)
Discount rate	9.68		%	9.82		%
Estimated impact of a 10% increase	$	(1,477)		$	(4,153)
Estimated impact of a 20% increase	(3,264)			(8,119)
Weighted-average coupon interest rate	3.27		%	3.29		%
Weighted-average servicing fee (basis points)	30.47			30.37
Weighted-average remaining maturity (in years)	8.46			6.69

The Company recorded servicing fees of $4,423 and $4,071 for the three months ended March 31, 2022 and 2021, 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:

35

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Pension Benefits				Other Benefits
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Service cost	$	—	$	—	$	1	$	1
Interest cost	184		166		3		4
Expected return on plan assets	(421)		(443)		—		—
Recognized actuarial loss (gain)	61		54		(19)		—
Net periodic (return) benefit cost	$	(176)	$	(223)	$	(15)	$	5

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 three months ended March 31, 2022 or 2021. There were no stock options outstanding as of March 31, 2022.

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 three months ended March 31, 2022:

	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	146,561	$	34.67	603,714	$	34.48
Awarded	63,308	38.62		252,719	38.32
Vested	—	—		(139,711)	31.08
Cancelled	—	—		(2,000)	35.85
Nonvested at end of period	209,869	$	35.86	714,722	$	36.50

During the three months ended March 31, 2022, the Company reissued 124,433 shares from treasury in connection with awards of restricted stock. The Company recorded total stock-based compensation expense of $3,338 and $2,756 for the three months ended March 31, 2022 and 2021, 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.

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

36

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Balance Sheet	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate contracts	Other Assets	$	179,648	$	3,662	$	185,447	$	4,711
Interest rate lock commitments	Other Assets	130,896		2,032		310,941		5,304
Forward commitments	Other Assets	436,000		10,216		280,000		667
Totals		$	746,544	$	15,910	$	776,388	$	10,682
Derivative liabilities:
Interest rate contracts	Other Liabilities	$	179,648	$	3,662	$	185,447	$	4,711
Interest rate lock commitments	Other Liabilities	160,820		2,594		19,961		43
Forward commitments	Other Liabilities	35,000		97		320,000		736
Totals		$	375,468	$	6,353	$	525,408	$	5,490

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 March 31,
	2022		2021
Interest rate contracts:
Included in interest income on loans	$	305	$	370
Interest rate lock commitments:
Included in mortgage banking income	(5,823)		(8,322)
Forward commitments
Included in mortgage banking income	10,188		18,803
Total	$	4,670	$	10,851

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 March 31, 2022, 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	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate swaps	Other Assets	$	100,000	$	13,486	$	100,000	$	7,016
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	30,000	$	816	$	62,000	$	2,902

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 three months ended March 31, 2022 or 2021. The impact on other comprehensive income for the three months ended March 31, 2022 and 2021 is discussed in Note 13, “Other Comprehensive Income (Loss).”

Derivatives designated as fair value hedges

37

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	100,000	$	11,754	$	100,000	$	5,411

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 March 31,
	Location	2022		2021
Derivative liabilities:
Interest rate swaps - subordinated notes	Interest Expense	$	(6,343)	$	(7,650)
Derivative liabilities - hedged items:
Interest rate swaps - subordinated notes	Interest Expense	$	6,343	$	7,650

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	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Long-term debt	$	86,786	$	93,085	$	11,754	$	5,411

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
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	26,694	$	8,007	$	13,337	$	13,436
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	26,694		8,007		13,337		13,436
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	12,382		7,208		12,382		7,208
Financial collateral pledged	—		—		955		6,228
Net amounts	$	14,312	$	799	$	—	$	—

38

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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.

	March 31,		December 31,
	2022		2021
Deferred tax assets
Allowance for credit losses	$	50,421	$	50,712
Loans	2,602		2,855
Deferred compensation	10,777		14,522
Net unrealized losses on securities	35,769		3,545
Impairment of assets	394		392
Net operating loss carryforwards	1,035		1,211
Investment in partnerships	930		890
Lease liabilities under operating leases	15,423		17,106
Other	4,179		3,241
Total deferred tax assets	121,530		94,474
Deferred tax liabilities
Fixed assets	5,734		5,339
Mortgage servicing rights	21,470		20,779
Junior subordinated debt	2,093		2,130
Intangibles	3,005		3,177
Lease right-of-use asset	14,696		16,209
Other	1,722		1,607
Total deferred tax liabilities	48,720		49,241
Net deferred tax assets	$	72,810	$	45,233

For the three months ended March 31, 2022 and 2021, the Company recorded a provision for income taxes totaling $7,935 and $16,842, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences.

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, 2018 through December 31, 2020.

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 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).

39

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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 and mortgage-backed 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
March 31, 2022
Financial assets:
Securities available for sale	$	—	$	2,405,316	$	—	$	2,405,316
Derivative instruments	—		29,396		—		29,396
Mortgage loans held for sale in loans held for sale	—		280,464		—		280,464
Total financial assets	$	—	$	2,715,176	$	—	$	2,715,176
Financial liabilities:
Derivative instruments:	$	—	$	18,923	$	—	$	18,923

40

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

	Level 1		Level 2		Level 3		Totals
December 31, 2021
Financial assets:
Securities available for sale	—		2,386,052		—		2,386,052
Derivative instruments	—		17,698		—		17,698
Mortgage loans held for sale in loans held for sale	—		453,533		—		453,533
Total financial assets	$	—	$	2,857,283	$	—	$	2,857,283
Financial liabilities:
Derivative instruments	$	—	$	13,803	$	—	$	13,803

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 three months ended March 31, 2022.

The following table provides 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
Three Months Ended March 31, 2022	Trust preferred securities
Three Months Ended March 31,
Balance at beginning of period	$	9,012
Accretion included in net income	7
Unrealized losses included in other comprehensive income	941
Realized losses	2,061
Sales	(12,021)
Balance at end of period	$	—

For each of the three months ended March 31, 2022 and 2021, 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:

March 31, 2022	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	3,111	$	3,111
OREO	—		—		2,062		2,062
Total	$	—	$	—	$	5,173	$	5,173

December 31, 2021	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	7,928	$	7,928
OREO	—		—		2,540		2,540
Total	$	—	$	—	$	10,468	$	10,468

41

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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 $6,466 and $12,939 at March 31, 2022 and December 31, 2021, respectively, and a specific reserve for these loans of $3,355 and $5,011 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:

	March 31, 2022		December 31, 2021
Carrying amount prior to remeasurement	$	2,076	$	2,556
Impairment recognized in results of operations	(14)		(16)
Fair value	$	2,062	$	2,540

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 March 31, 2022 and December 31, 2021. There were no valuation adjustments on MSRs during the three months ended March 31, 2022 and $13,561 of positive valuation adjustments recognized during the three months ended March 31, 2021.

The following table presents information as of March 31, 2022 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	$	3,111	Appraised value of collateral less estimated costs to sell	Estimated costs to sell	4-10%
OREO	$	2,062	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 $13,021 and $12,231 resulting from fair value changes of these mortgage loans were recorded in income during the three months ended March 31, 2022 and 2021, respectively. The amount does not reflect changes in fair values of related

42

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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 March 31, 2022 and December 31, 2021:

	Aggregate Fair Value		Aggregate Unpaid Principal Balance		Difference
March 31, 2022
Mortgage loans held for sale measured at fair value	$	280,464	$	281,669	$	(1,205)
December 31, 2021
Mortgage loans held for sale measured at fair value	$	453,533	$	441,717	$	11,816

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 March 31, 2022	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,607,493	$	1,607,493	$	—	$	—	$	1,607,493
Securities available for sale	2,405,316		—		2,405,316		—		2,405,316
Loans held for sale	280,464		—		280,464		—		280,464
Loans, net	10,146,991		—		—		9,860,650		9,860,650
Mortgage servicing rights	91,730		—		—		131,896		131,896
Derivative instruments	29,396		—		29,396		—		29,396
Financial liabilities
Deposits	$	13,990,897	$	12,650,868	$	1,321,023	$	—	$	13,971,891
Short-term borrowings	111,279		111,279		—		—		111,279
Federal Home Loan Bank advances	408		—		409		—		409
Junior subordinated debentures	111,518		—		104,427		—		104,427
Subordinated notes	323,490		—		322,900		—		322,900
Derivative instruments	18,923		—		18,923		—		18,923

43

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

			Fair Value
As of December 31, 2021	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,877,965	$	1,877,965	$	—	$	—	$	1,877,965
Securities available for sale	2,386,052		—		2,386,052		—		2,386,052
Loans held for sale	453,533		—		453,533		—		453,533
Loans, net	9,856,743		—		—		9,690,604		9,690,604
Mortgage servicing rights	89,018		—		—		99,425		99,425
Derivative instruments	17,698		—		17,698		—		17,698
Financial liabilities
Deposits	$	13,905,724	$	12,494,342	$	1,408,397	$	—	$	13,902,739
Short-term borrowings	13,947		13,947		—		—		13,947
Federal Home Loan Bank advances	417		—		422		—		422
Junior subordinated debentures	111,373		—		106,682		—		106,682
Subordinated notes	359,419		—		373,950		—		373,950
Derivative instruments	13,803		—		13,803		—		13,803

44

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 March 31, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(134,756)	$	(34,294)	$	(100,462)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(99)		(25)		(74)
Total securities available for sale	(134,855)		(34,319)		(100,536)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,556		2,177		6,379
Total derivative instruments	8,556		2,177		6,379
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	42		11		31
Total defined benefit pension and post-retirement benefit plans	42		11		31
Total other comprehensive loss	$	(126,257)	$	(32,131)	$	(94,126)
Three months ended March 31, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(20,044)	$	(5,101)	$	(14,943)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(21,401)		(5,446)		(15,955)
Derivative instruments:
Unrealized holding gains on derivative instruments	14,734		3,750		10,984
Total derivative instruments	14,734		3,750		10,984
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	54		12		42
Total defined benefit pension and post-retirement benefit plans	54		12		42
Total other comprehensive loss	$	(6,613)	$	(1,684)	$	(4,929)

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

	March 31, 2022		December 31, 2021
Unrealized losses on securities	$	(109,652)	$	(9,116)
Unrealized gains on derivative instruments	10,342		3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,259)		(5,290)
Total accumulated other comprehensive loss	$	(104,569)	$	(10,443)

45

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, 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
	March 31,
	2022		2021
Basic
Net income applicable to common stock	$	33,547	$	57,908
Average common shares outstanding	55,809,192		56,240,201
Net income per common share - basic	$	0.60	$	1.03
Diluted
Net income applicable to common stock	$	33,547	$	57,908
Average common shares outstanding	55,809,192		56,240,201
Effect of dilutive stock-based compensation	272,671		278,998
Average common shares outstanding - diluted	56,081,863		56,519,199
Net income per common share - diluted	$	0.60	$	1.02

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
	March 31,
	2022	2021
Number of shares	2,200	1,875

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:

46

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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:

	March 31, 2022				December 31, 2021
	Amount		Ratio		Amount		Ratio
Renasant Corporation
Tier 1 Capital to Average Assets (Leverage)	$	1,424,268	9.00	%	$	1,422,077	9.15	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,316,342		10.78	%	1,314,295		11.18	%
Tier 1 Capital to Risk-Weighted Assets	1,424,268		11.67	%	1,422,077		12.10	%
Total Capital to Risk-Weighted Assets	1,892,630		15.50	%	1,897,167		16.14	%
Renasant Bank
Tier 1 Capital to Average Assets (Leverage)	$	1,581,608	10.00	%	$	1,580,904	10.18	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,581,608		12.95	%	1,580,904		13.46	%
Tier 1 Capital to Risk-Weighted Assets	1,581,608		12.95	%	1,580,904		13.46	%
Total Capital to Risk-Weighted Assets	1,714,725		14.04	%	1,697,163		14.44	%

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 March 31, 2022, 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. The three-year transitional period began on January 1, 2022.

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,

47

Renasant Corporation and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited)

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.

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 March 31, 2022
Net interest income (loss)	$	103,932	$	93	$	490	$	(4,886)	$	99,629
Provision for credit losses	1,500		—		—		—		1,500
Noninterest income (loss)	28,306		3,097		6,505		(450)		37,458
Noninterest expense	86,871		2,116		4,755		363		94,105
Income (loss) before income taxes	43,867		1,074		2,240		(5,699)		41,482
Income tax expense (benefit)	9,131		281		—		(1,477)		7,935
Net income (loss)	$	34,736	$	793	$	2,240	$	(4,222)	$	33,547
Total assets	$	16,757,670	$	33,794	$	64,761	$	7,532	$	16,863,757
Goodwill	$	943,524	$	2,767	$	—	$	—	$	946,291
Three months ended March 31, 2021
Net interest income (loss)	$	112,948	$	107	$	384	$	(3,791)	$	109,648
Provision for credit losses	—		—		—		—		—
Noninterest income (loss)	73,070		3,248		5,171		(452)		81,037
Noninterest expense (benefit)	109,586		1,923		4,101		325		115,935
Income (loss) before income taxes	76,432		1,432		1,454		(4,568)		74,750
Income tax expense (benefit)	17,656		367		—		(1,181)		16,842
Net income (loss)	$	58,776	$	1,065	$	1,454	$	(3,387)	$	57,908
Total assets	$	15,525,500	$	31,004	$	64,320	$	1,747	$	15,622,571
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683

48

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 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; (ii) the effect of economic conditions and interest rates on a national, regional or international basis; (iii) timing and success of the implementation of changes in operations to achieve enhanced earnings or effect cost savings; (iv) competitive pressures in the consumer finance, commercial finance, insurance, financial services, asset management, retail banking, mortgage lending and auto lending industries; (v) the financial resources of, and products available from, competitors; (vi) changes in laws and regulations as well as changes in accounting standards; (vii) changes in policy by regulatory agencies; (viii) changes in the securities and foreign exchange markets; (ix) the Company’s potential growth, including its entrance or expansion into new markets, and the need for sufficient capital to support that growth; (x) 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; (xi) an insufficient allowance for credit losses as a result of inaccurate assumptions; (xii) general economic, market or business conditions, including the impact of inflation and changes in monetary policy by the Federal Reserve Board; (xiii) changes in demand for loan products and financial services; (xiv) concentration of credit exposure; (xv) changes or the lack of changes in interest rates, yield curves and interest rate spread relationships; (xvi) increased cybersecurity risk, including potential network breaches, business disruptions or financial losses; (xvii) civil unrest, natural disasters, epidemics (including the re-emergence of the COVID-19 pandemic) and other catastrophic events in the Company’s geographic area; (xviii) the impact, extent and timing of technological changes; and (xix) 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 March 31, 2022 compared to December 31, 2021.

Assets

Total assets were $16,863,757 at March 31, 2022 compared to $16,810,311 at December 31, 2021. The Company acquired Southeastern Commercial Finance, LLC, an asset-based lending company headquartered in Birmingham, Alabama, effective March 1, 2022, which added $43,946 in total assets, including $28,110 in loans, on the date of acquisition.

Investments

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The securities portfolio is used to provide a source for meeting liquidity needs and to supply securities to be used in collateralizing certain deposits and certain types of borrowings. The securities portfolio also serves as an outlet to deploy excess liquidity and generate interest income rather than hold such excess funds as cash. The following table shows the carrying value of our securities portfolio by investment type and the percentage of such investment type relative to the entire securities portfolio as of the dates presented:

	March 31, 2022				December 31, 2021
	Balance		Percentage of Portfolio		Balance		Percentage of Portfolio
U.S. Treasury securities	$	2,000	0.07	%	$	3,010	0.11	%
Obligations of states and political subdivisions	448,065		15.49		426,751		15.23
Mortgage-backed securities	2,327,149		80.45		2,313,167		82.54
Other debt securities	115,328		3.99		59,513		2.12
	$	2,892,542	100.00	%	$	2,802,441	100.00	%
Allowance for credit losses - held to maturity securities	(32)				(32)
Securities, net of allowance for credit losses	$	2,892,510			$	2,802,409

During the three months ended March 31, 2022, we deployed a portion of our excess liquidity into the securities portfolio and purchased $365,069 in investment securities. Mortgage-backed securities and collateralized mortgage obligations (“CMOs”), in the aggregate, comprised approximately 72% 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 11% of purchases made during the first three months of 2022. Other debt securities in our investment portfolio, consisting of corporate debt securities and issuances from the Small Business Administration (“SBA”), comprised approximately 17% of purchases made during the first three months of 2022.

Rising interest rates in the first quarter of 2022 had a negative impact on the value of our securities portfolio resulting in a fair market value adjustment of our available for sale securities of $134,756, which contributed to our accumulated other comprehensive loss.

Proceeds from maturities, calls and principal payments on securities during the first three months of 2022 totaled $135,775. The Company did not sell any securities during the first three months of 2022. Proceeds from the maturities, calls and principal payments on securities during the first three months of 2021 totaled $95,382. 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 three months of 2021.

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 $280,464 at March 31, 2022, as compared to $453,533 at December 31, 2021. 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

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Total loans, excluding loans held for sale, were $10,313,459 at March 31, 2022 and $10,020,914 at December 31, 2021. Non purchased loans totaled $9,338,890 at March 31, 2022 compared to $9,011,011 at December 31, 2021. Loans purchased in previous acquisitions totaled $974,569 and $1,009,903 at March 31, 2022 and December 31, 2021, 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:

	March 31, 2022
	Non Purchased		Purchased		Total Loans		Percentage of Total Loans
Commercial, financial, agricultural (1)	$	1,336,239	$	109,368	$	1,445,607	14.02	%
Lease financing, net of unearned income	89,842		—		89,842		0.87
Real estate – construction:
Residential	305,396		1,259		306,655		2.97
Commercial	911,532		3,865		915,397		8.88
Total real estate – construction	1,216,928		5,124		1,222,052		11.85
Real estate – 1-4 family mortgage:
Primary	1,803,750		122,063		1,925,813		18.67
Home equity	424,426		46,239		470,665		4.56
Rental/investment	274,117		18,694		292,811		2.84
Land development	142,294		9,396		151,690		1.47
Total real estate – 1-4 family mortgage	2,644,587		196,392		2,840,979		27.54
Real estate – commercial mortgage:
Owner-occupied	1,318,446		220,247		1,538,693		14.92
Non-owner occupied	2,510,981		396,135		2,907,116		28.19
Land development	116,113		15,942		132,055		1.28
Total real estate – commercial mortgage	3,945,540		632,324		4,577,864		44.39
Installment loans to individuals	105,754		31,361		137,115		1.33
Total loans, net of unearned income	$	9,338,890	$	974,569	$	10,313,459	100.00	%

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 as of March 31, 2022.

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	December 31, 2021
	Non Purchased		Purchased		Total Loans		Percentage of Total Loans
Commercial, financial, agricultural (1)	$	1,332,962	$	90,308	$	1,423,270	14.20	%
Lease financing, net of unearned income	76,125		—		76,125		0.76
Real estate – construction:
Residential	300,988		1,287		302,275		3.02
Commercial	798,914		3,707		802,621		8.01
Total real estate – construction	1,099,902		4,994		1,104,896		11.03
Real estate – 1-4 family mortgage:
Primary	1,682,050		134,070		1,816,120		18.12
Home equity	423,108		51,496		474,604		4.74
Rental/investment	268,245		20,229		288,474		2.88
Land development	135,070		9,978		145,048		1.45
Total real estate – 1-4 family mortgage	2,508,473		215,773		2,724,246		27.19
Real estate – commercial mortgage:
Owner-occupied	1,329,219		234,132		1,563,351		15.60
Non-owner occupied	2,446,370		410,577		2,856,947		28.51
Land development	110,395		18,344		128,739		1.28
Total real estate – commercial mortgage	3,885,984		663,053		4,549,037		45.39
Installment loans to individuals	107,565		35,775		143,340		1.43
Total loans, net of unearned income	$	9,011,011	$	1,009,903	$	10,020,914	100.00	%

(1)Includes PPP loans of $58,391 as of December 31, 2021.

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 March 31, 2022, 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 $13,990,897 and $13,905,724 at March 31, 2022 and December 31, 2021, respectively. Noninterest-bearing deposits were $4,706,256 and $4,718,124 at March 31, 2022 and December 31, 2021, respectively, while interest-bearing deposits were $9,284,641 and $9,187,600 at March 31, 2022 and December 31, 2021, respectively.

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 33.64% of total deposits at March 31, 2022, as compared to 33.93% of total deposits at December 31, 2021. Under certain circumstances, 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 $1,825,839 and $1,787,414 at March 31, 2022 and December 31, 2021, respectively.

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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:

	March 31, 2022		December 31, 2021
Security repurchase agreements	$	11,279	$	13,947
Short-term borrowings from the FHLB	100,000		—
	$	111,279	$	13,947

The Company has hedged the interest rate risk associated with the short-term borrowings from the FHLB using an interest rate swap, which became effective in March 2022, in which it pays a fixed rate of interest. The effect of this interest rate hedge was to significantly reduce the cost to the Company of borrowing from the FHLB, and so the Company elected to take advantage of the availability of this low-cost funding in the first quarter of 2022.

At March 31, 2022, 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:

	March 31, 2022		December 31, 2021
Long-term FHLB advances	$	408	$	417
Junior subordinated debentures	111,518		111,373
Subordinated notes	323,490		359,419
	$	435,416	$	471,209

Long-term funds obtained from the FHLB are used to match-fund fixed rate loans in order to minimize interest rate risk and 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 March 31, 2022, all of our outstanding long-term FHLB advances were scheduled to mature within twelve months or less. The Company had $4,047,128 of availability on unused lines of credit with the FHLB at March 31, 2022, as compared to $4,214,274 at December 31, 2021.

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.

On March 1, 2022, the Company redeemed at par the remaining $30,000 of its $60,000 5.00% fixed-to-floating rate subordinated notes. The Company redeemed the initial $30,000 of these notes in December 2021.

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 first quarter of 2022 was $33,547 compared to net income of $57,908 for the first quarter of 2021. Basic and diluted earnings per share (“EPS”) for the first quarter of 2022 were $0.60 as compared to basic and diluted EPS of $1.03 and $1.02, respectively, for the first 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

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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
	March 31, 2022						March 31, 2021
	Pre-tax		After-tax		Impact to Diluted EPS		Pre-tax		After-tax		Impact to Diluted EPS
Merger and conversion expenses	$	687	$	556	$	0.01	$	—	$	—	$	—
MSR valuation adjustment	—		—		—		(13,561)		(10,497)		(0.19)
Restructuring (benefit) charges	(455)		(368)		(0.01)		292		226		0.01
COVID-19 related expenses	—		—		—		785		608		0.01

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 73.02% of total revenue (i.e., net interest income on a fully taxable equivalent basis and noninterest income) for the first quarter of 2022. The primary concerns in managing net interest income are the volume, mix and repricing of assets and liabilities.

Net interest income was $99,629 for the three months ended March 31, 2022, as compared to $109,648 for the same period in 2021. On a tax equivalent basis, net interest income was $101,383 for the three months ended March 31, 2022, as compared to $111,264 same period in 2021.

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:

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	Three Months Ended March 31,
	2022						2021
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Loans held for investment	10,108,511		97,001		3.88		10,802,991		113,072		4.24
Loans held for sale	330,442		2,863		3.48		406,397		2,999		2.96
Securities:
Taxable	2,499,822		8,782		1.41		1,065,779		4,840		1.82
Tax-exempt(1)	438,380		2,635		2.40		306,344		2,284		2.98
Interest-bearing balances with banks	1,463,991		664		0.18		777,166		183		0.10
Total interest-earning assets	14,841,146		111,945		3.05		13,358,677		123,378		3.74
Cash and due from banks	206,224						205,830
Intangible assets	965,430						969,001
Other assets	684,464						670,183
Total assets	$	16,697,264					$	15,203,691
Liabilities and shareholders’ equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand(2)	$	6,636,392	$	3,647	0.22	%	$	5,906,230	$	3,932	0.27	%
Savings deposits	1,097,560		139		0.05		882,758		169		0.08
Time deposits	1,374,722		1,851		0.55		1,655,778		4,178		1.02
Total interest-bearing deposits	9,108,674		5,637		0.25		8,444,766		8,279		0.40
Borrowed funds	485,777		4,925		4.08		483,907		3,835		3.21
Total interest-bearing liabilities	9,594,451		10,562		0.44		8,928,673		12,114		0.55
Noninterest-bearing deposits	4,651,793						3,862,422
Other liabilities	201,353						240,171
Shareholders’ equity	2,249,667						2,172,425
Total liabilities and shareholders’ equity	$	16,697,264					$	15,203,691
Net interest income/net interest margin			$	101,383	2.76	%			$	111,264	3.37	%

(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 low interest rate environment during the past year as well as changes in the mix of earning assets over the past year due to increased liquidity on the balance sheet were the largest contributing factors to the decrease in net interest margin and net interest income for the three months ended March 31, 2022, as compared to the same period in 2021. 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. The Company has also increased its purchases of investment securities and continues to evaluate options to mitigate the pressure on net interest margin.

The following table sets 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 the three months ended March 31, 2022, as compared to the same period

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in 2021 (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 March 31, 2022 Compared to the Three Months Ended March 31, 2021
	Volume		Rate		Net
Interest income:
Loans held for investment	(6,966)		(9,105)		(16,071)
Loans held for sale	(606)		470		(136)
Securities:
Taxable	5,224		(1,282)		3,942
Tax-exempt	844		(493)		351
Interest-bearing balances with banks	235		246		481
Total interest-earning assets	(1,269)		(10,164)		(11,433)
Interest expense:
Interest-bearing demand deposits	451		(736)		(285)
Savings deposits	35		(65)		(30)
Time deposits	(621)		(1,706)		(2,327)
Borrowed funds	15		1,075		1,090
Total interest-bearing liabilities	(120)		(1,432)		(1,552)
Change in net interest income	$	(1,149)	$	(8,732)	$	(9,881)

Interest income, on a tax equivalent basis, was $111,945 for the three months ended March 31, 2022, as compared to $123,378, for the same period in 2021. This decrease in interest income, on a tax equivalent basis, is due primarily to the Federal Reserve maintaining low interest rates since March 2020 (until the Federal Reserve's first rate increase in March 2022) and changes in the mix of earning assets during the year due to increased liquidity on the balance sheet.

The following table presents 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
	March 31,				March 31,
	2022		2021		2022		2021
Loans held for investment, excl. PPP	67.84	%	73.49	%	3.88	%	4.22	%
Paycheck Protection Program	0.27		7.38		6.36		4.40
Loans held for sale	2.23		3.04		3.48		2.96
Securities	19.80		10.27		1.55		2.08
Other	9.86		5.82		0.18		0.10
Total earning assets	100.00	%	100.00	%	3.05	%	3.74	%

For the first quarter of 2022, interest income on loans held for investment, on a tax equivalent basis, decreased $16,071 to $97,001 from $113,072 for the same period in 2021. 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 March 31, 2022, was $619, which consisted of $94 in interest income and $526 in accretion of net origination fees, as compared to $10,687 for the three months ended March 31, 2021, which consisted of $2,392 in interest income and $8,295 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 one basis point each during the first quarter of 2022. PPP loans increased margin and loan yield by eight basis points and two basis points, respectively, in the first quarter of 2021.

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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.

	Three Months Ended
	March 31,
	2022			2021
Net interest income collected on problem loans	$	434		$	2,180
Accretable yield recognized on purchased loans(1)	1,235			3,088
Total impact to interest income on loans	$	1,669		$	5,268
Impact to loan yield	0.07		%	0.20		%
Impact to net interest margin	0.05		%	0.16		%

(1)Includes additional interest income recognized in connection with the acceleration of paydowns and payoffs from purchased loans of $373 and $1,272, for the first quarter of 2022 and 2021, respectively. This additional interest income increased total loan yield by one basis point and five basis points for the first quarter of 2022 and 2021, respectively, while increasing net interest margin by one and four basis points for the same respective periods.

For the first quarter of 2022, interest income on loans held for sale (consisting of mortgage loans held for sale) decreased $136 to $2,863 from $2,999 for the same period in 2021.

Investment income, on a tax equivalent basis, increased $4,293 to $11,417 for the first quarter of 2022 from $7,124 for the first quarter of 2021. The tax equivalent yield on the investment portfolio for the first quarter of 2022 was 1.55%, down 53 basis points from 2.08% for the same period in 2021. The decrease in taxable equivalent yield on securities was a result of the low interest rate environment over the period. The growth in the Company’s investment securities portfolio during the year has helped offset the loss of investment income due to lower yield on securities.

Interest expense was $10,562 for the first quarter of 2022 as compared to $12,114 for the same period in 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
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Noninterest-bearing demand	32.65	%	30.20	%	—	%	—	%
Interest-bearing demand	46.59		46.18		0.22		0.27
Savings	7.70		6.90		0.05		0.08
Time deposits	9.65		12.94		0.55		1.02
Short term borrowings	0.19		0.10		0.48		0.31
Long-term Federal Home Loan Bank advances	0.01		1.19		1.86		0.05
Subordinated notes	2.43		1.63		4.26		5.15
Other borrowed funds	0.78		0.86		4.41		4.24
Total deposits and borrowed funds	100.00	%	100.00	%	0.30	%	0.38	%

Interest expense on deposits was $5,637 and $8,279 for the three months ended March 31, 2022 and 2021, respectively. The cost of total deposits was 0.17% and 0.27% 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 repriced in a low interest rate environment, although the Company expects that the rising rate environment will limit its ability to achieve further reductions in deposit interest rates and in fact may result in increased deposit costs in future periods. During 2022, the Company has continued its efforts to grow and maintain non-interest bearing deposits. Such deposits stayed relatively flat over the first quarter, representing 33.64% of total

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deposits at March 31, 2022 compared to 33.93% of total deposits at December 31, 2021. 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 $4,925 and $3,835 for the three months ended March 31, 2022 and 2021, respectively. The increase in interest expense is a result of higher average borrowings, primarily due to the Company's issuance of $200,000 of subordinated notes in November 2021.

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 March 31,
2022	2021
0.91%	2.16%

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 $37,458 for the first quarter of 2022 as compared to $81,037 for the same period in 2021. This decrease is primarily due to the reduction in mortgage banking income during the first quarter of 2022 (discussed in more detail below) as compared to the record production during the first quarter of 2021.

Service charges on deposit accounts include maintenance fees on accounts, per item charges, account enhancement charges for additional packaged benefits and overdraft fees (which encompasses traditional overdraft fees as well as non-sufficient funds fees). Service charges on deposit accounts were $9,562 and $8,023 for the first quarter of 2022 and 2021, respectively. Overdraft fees, the largest component of service charges on deposits, were $5,178 for the three months ended March 31, 2022, as compared to $3,955 for the same period in 2021. The Company recently announced its plans to eliminate consumer non-sufficient funds fees as well as transfer fees to linked customer accounts. These changes will take effect January 1, 2023. The fees to be eliminated totaled approximately $1,300 in the first quarter of 2022.

Fees and commissions were $3,982 during the first quarter of 2022 as compared to $3,900 for the same period in 2021. Fees and commissions include fees related to deposit services, such as ATM fees and interchange fees on debit card transactions. For the first quarter of 2022, interchange fees were $2,431 as compared to $2,392 for the same period in 2021.

Through Renasant Insurance, we offer a range of commercial and personal insurance products through major insurance carriers. Income earned on insurance products was $2,554 and $2,237 for the three months ended March 31, 2022 and 2021, 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 $534 and $1,006 for the three months ended March 31, 2022 and 2021, 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 $5,924 for the first quarter of 2022 compared to $4,792 for the same period in 2021. The market value of assets under management or administration was $5,021,299 and $4,453,355 at March 31, 2022 and March 31, 2021, 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 $595,045 in the first quarter of 2022 compared to $1,143,349 for the same period in 2021. During the first quarter of 2022 mortgage loan originations continued to normalize and trend toward pre-pandemic levels while margins on the sale of loans in the secondary market compressed as interest rates rose and housing inventories remained below

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demand. Mortgage banking income was $9,633 and $50,733 for the three months ended March 31, 2022 and 2021, respectively. The table below presents the components of mortgage banking income included in noninterest income for the periods presented.

	Three Months Ended March 31,
	2022		2021
Gain on sales of loans, net (1)	$	6,047	$	33,901
Fees, net	3,053		4,902
Mortgage servicing loss (gain), net	533		(1,631)
MSR valuation adjustment	—		13,561
Mortgage banking income, net	$	9,633	$	50,733

(1) Gain on sales of loans, net includes pipeline fair value adjustments

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 $2,153 for the three months ended March 31, 2022 as compared to $2,072 for the same period in 2021. The Company purchased an additional $80,000 in BOLI policies during the first three months of 2022.

Other noninterest income was $3,650 and $7,923 for the three months ended March 31, 2022 and 2021, 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.

Noninterest Expense

Noninterest Expense to Average Assets
Three Months Ended March 31,
2022	2021
2.29%	3.09%

Noninterest expense was $94,105 and $115,935 for the first quarter of 2022 and 2021.

Salaries and employee benefits decreased $16,457 to $62,239 for the first quarter of 2022 as compared to $78,696 for the same period in 2021. The decrease in salaries and employee benefits is primarily due to a decrease in mortgage commissions and incentives, driven by the decrease in mortgage production described above.

Data processing costs decreased to $4,263 in the first quarter of 2022 from $5,451 for the same period in 2021. The decline in the first quarter of 2022 as compared to the same period in 2021 is primarily due to the Company's renegotiation of certain vendor contracts. 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 first quarter of 2022 was $11,276, down from $12,538 for the same period in 2021. The decrease in occupancy and equipment expense is primarily attributable to the restructuring and non-renewal of certain branch leases.

For the first quarter of 2022 the Company experienced a net gain of $241 in other real estate expense as compared to expenses of $41 for the same period in 2021. 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 $14 and $70 for the first three months of 2022 and 2021, respectively. For the three months ended March 31, 2022 and 2021, other real estate owned with a cost basis of $665 and $1,906, respectively, was sold, resulting in a net gain of $291 and net gain of $56, 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 $3,151 for the first quarter of 2022 as compared to $2,921 for the same period in 2021.

Advertising and public relations expense was $4,059 for the first quarter of 2022 as compared to $3,252 for the same period in 2021. During the first quarter of 2022, the Company contributed approximately $1,000 to charitable organizations throughout Mississippi and Georgia, which is included in our advertising and public relations expense, for which it received a dollar for dollar tax credit.

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Amortization of intangible assets totaled $1,366 and $1,598 for the first quarter of 2022 and 2021, 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 1 year to 8 years.

Communication expenses, those expenses incurred for communication to clients and between employees, were $2,027 for the first quarter of 2022 as compared to $2,292 for the same period in 2021.

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 $5,733 for the three months ended March 31, 2022 as compared to $8,854 for the same periods in 2021. During the first quarter of 2022 there was a recovery of provision for unfunded commitments of $550. There was no provision for unfunded commitments recorded for the same period in 2021.

Efficiency Ratio

	Efficiency Ratio
	Three Months Ended March 31,
	2022		2021
Efficiency ratio (GAAP)	67.78	%	60.29	%
Adjusted efficiency ratio (Non-GAAP)(1)	67.02	%	63.85	%

(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 its 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, for the first quarter of 2022, merger and conversion related expenses, restructuring benefits and a recovery of a portion of the reserve 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 first quarter of 2022 and 2021 was $7,935 and $16,842, respectively. In addition to lower earnings in the first quarter of 2022 as compared to the first quarter of 2021, the Company also recognized tax credits of approximately $1,000 in the first quarter of 2022 as mentioned above in the advertising and public relations discussion.

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

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 our credit administration department, our 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

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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 to criticized due to a decline in the collateral value or cash flow of the borrower. 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. Any remaining balance is charged-off, which reduces 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 management believes the uncollectability of a loan balance is confirmed and such losses are reasonably quantified. Net charge-offs for the first quarter of 2022 were $851, or 0.03% of average loans (annualized), compared to net charge-offs of $3,038, or 0.11% of average loans (annualized), for the same period in 2021. The charge-offs were fully reserved for in the Company’s allowance for credit losses on loans. Subsequent recoveries, if any, are credited to the 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. 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 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

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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:

	March 31, 2022				December 31, 2021				March 31, 2021
	Balance		% of Total		Balance		% of Total		Balance		% of Total
Commercial, financial, agricultural	$	33,606	14.02	%	$	33,922	14.20	%	$	37,592	21.04	%
Lease financing	1,582		0.87	%	1,486		0.76	%	1,546		0.70	%
Real estate – construction	18,411		11.85	%	16,419		11.03	%	14,977		8.94	%
Real estate – 1-4 family mortgage	36,848		27.54	%	32,356		27.19	%	31,694		25.13	%
Real estate – commercial mortgage	65,231		44.39	%	68,940		45.39	%	76,225		42.57	%
Installment loans to individuals	10,790		1.33	%	11,048		1.43	%	11,072		1.62	%
Total	$	166,468	100.00	%	$	164,171	100.00	%	$	173,106	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 recorded a provision for credit losses of $1,500 during the first quarter of 2022, as compared to no provision for credit losses recorded in the first quarter of 2021. The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable

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period of two years. The provision activity during the current quarter was primarily driven by strong loan growth during the quarter and also the acquisition of Southeastern Commercial Finance, LLC.

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

	Three Months Ended
	March 31,
	2022			2021
Balance at beginning of period	$	164,171		$	176,144
Impact of PCD loans acquired during the period	1,648			—
Charge-offs
Commercial, financial, agricultural	2,102			3,498
Lease financing	7			—
Real estate – construction	—			52
Real estate – 1-4 family mortgage	163			101
Real estate – commercial mortgage	6			61
Installment loans to individuals	779			1,658
Total charge-offs	3,057			5,370
Recoveries
Commercial, financial, agricultural	1,136			289
Lease financing	12			11
Real estate – construction	—			13
Real estate – 1-4 family mortgage	178			261
Real estate – commercial mortgage	155			171
Installment loans to individuals	725			1,587
Total recoveries	2,206			2,332
Net charge-offs	851			3,038
Provision for credit losses on loans	1,500			—
Balance at end of period	$	166,468		$	173,106
Net charge-offs (annualized) to average loans	0.03		%	0.11		%
Net charge-offs to allowance for credit losses on loans	0.51		%	1.75		%
Allowance for credit losses on loans to:
Total loans	1.61		%	1.62		%
Total loans excluding PPP loans(1)	1.62		%	1.76		%
Nonperforming loans	318.65		%	308.54		%
Nonaccrual loans	320.16		%	322.11		%

(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

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

	Three Months Ended
	March 31, 2022					March 31, 2021
	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	$	966	$	1,424,565	0.28%	$	3,209	$	2,382,454	0.55%
Lease financing	(5)		84,681		(0.02)	(11)		75,249		(0.06)
Real estate – construction	—		1,107,529		—	39		921,803		0.02
Real estate – 1-4 family mortgage	(15)		2,810,988		—	(160)		2,674,824		(0.02)
Real estate – commercial mortgage	(149)		4,540,731		(0.01)	(110)		4,558,003		(0.01)
Installment loans to individuals	54		140,017		0.16	71		190,478		0.15
Total	$	851	$	10,108,511	0.03%	$	3,038	$	10,802,811	0.11%

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

	Three Months Ended
	March 31,
	2022		2021
Real estate – construction:
Residential	$	—	$	39
Total real estate – construction	—		39
Real estate – 1-4 family mortgage:
Primary	62		(79)
Home equity	22		(93)
Rental/investment	(2)		34
Land development	(97)		(22)
Total real estate – 1-4 family mortgage	(15)		(160)
Real estate – commercial mortgage:
Owner-occupied	(149)		(159)
Non-owner occupied	—		25
Land development	—		24
Total real estate – commercial mortgage	(149)		(110)
Total net charge-offs of loans secured by real estate	$	(164)	$	(231)

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 table below.

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Three Months Ended March 31,	2022		2021
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,035	$	20,535
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense)	(550)		—
Ending balance	$	19,485	$	20,535

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
March 31, 2022
Nonaccruing loans	$	32,573	$	19,422	$	51,995
Accruing loans past due 90 days or more	209		38		247
Total nonperforming loans	32,782		19,460		52,242
Other real estate owned	531		1,531		2,062
Total nonperforming assets	$	33,313	$	20,991	$	54,304
Nonperforming loans to total loans					0.51		%
Nonaccruing loans to total loans					0.50		%
Nonperforming assets to total assets					0.32		%
December 31, 2021
Nonaccruing loans	$	30,751	$	18,613	$	49,364
Accruing loans past due 90 days or more	1,074		367		1,441
Total nonperforming loans	31,825		18,980		50,805
Other real estate owned	951		1,589		2,540
Total nonperforming assets	$	32,776	$	20,569	$	53,345
Nonperforming loans to total loans					0.51		%
Nonaccruing loans to total loans					0.49		%
Nonperforming assets to total assets					0.32		%

The level of nonperforming loans increased $1,437 from December 31, 2021 to March 31, 2022, while OREO decreased $478 during the same period.

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

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	March 31, 2022		December 31, 2021		March 31, 2021
Commercial, financial, agricultural	$	13,177	$	13,131	$	15,992
Lease financing	—		11		—
Real estate – 1-4 family mortgage:
Primary	20,331		19,533		16,275
Home equity	2,233		1,719		2,436
Rental/investment	878		1,595		1,168
Land development	521		257		85
Total real estate – 1-4 family mortgage	23,963		23,104		19,964
Real estate – commercial mortgage:
Owner-occupied	5,700		5,039		4,923
Non-owner occupied	8,558		8,535		13,998
Land development	485		470		566
Total real estate – commercial mortgage	14,743		14,044		19,487
Installment loans to individuals	359		515		662
Total nonperforming loans	$	52,242	$	50,805	$	56,105

Total nonperforming loans as a percentage of total loans were 0.51% as of March 31, 2022 as compared to 0.51% and 0.52% as of December 31, 2021 and March 31, 2021, respectively. The Company’s coverage ratio, or its allowance for credit losses on loans as a percentage of nonperforming loans, was 318.65% as of March 31, 2022 as compared to 323.14% as of December 31, 2021 and 308.54% as of March 31, 2021.

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 March 31, 2022. Management also continually monitors past due loans for potential credit quality deterioration. Total loans 30-89 days past due but still accruing interest were $30,617 at March 31, 2022 as compared to $27,604 at December 31, 2021 and $21,801 at March 31, 2021.

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 $25,320 at March 31, 2022 as compared to $20,259 at December 31, 2021 and $20,370 at March 31, 2021. At March 31, 2022, loans restructured through interest rate concessions represented 23% 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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	March 31, 2022		December 31, 2021		March 31, 2021
Commercial, financial, agricultural	$	774	$	967	$	2,639
Real estate – 1-4 family mortgage:
Primary	12,196		11,750		8,363
Home equity	191		298		331
Rental/investment	344		350		427
Land development	94		—		—
Total real estate – 1-4 family mortgage	12,825		12,398		9,121
Real estate – commercial mortgage:
Owner-occupied	3,667		5,407		6,757
Non-owner occupied	7,911		1,341		1,595
Land development	74		75		179
Total real estate – commercial mortgage	11,652		6,823		8,531
Installment loans to individuals	69		71		79
Total restructured loans in compliance with modified terms	$	25,320	$	20,259	$	20,370

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

	2022		2021
Balance at January 1,	$	20,259	$	20,448
Additional advances or loans with concessions	7,513		1,621
Reclassified as performing restructured loan	302		—
Reductions due to:
Reclassified as nonperforming	(493)		(1,495)
Paid in full	(2,126)		—
Paydowns	(135)		(204)
Balance at March 31,	$	25,320	$	20,370

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.

	March 31, 2022		December 31, 2021		March 31, 2021
Nonaccruing loans	$	51,995	$	49,364	$	53,741
Accruing loans past due 90 days or more	247		1,441		2,364
Total nonperforming loans	52,242		50,805		56,105
Restructured loans in compliance with modified terms	25,320		20,259		20,370
Total nonperforming and restructured loans	$	77,562	$	71,064	$	76,475

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

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	March 31, 2022		December 31, 2021		March 31, 2021
Residential real estate	$	376	$	259	$	484
Commercial real estate	175		761		3,109
Residential land development	295		305		341
Commercial land development	1,216		1,215		2,037
Total other real estate owned	$	2,062	$	2,540	$	5,971

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

	2022		2021
Balance at January 1,	$	2,540	$	5,972
Transfers of loans	200		2,039
Impairments	(14)		(70)
Dispositions	(665)		(1,906)
Other	1		(64)
Balance at March 31,	$	2,062	$	5,971

Other real estate owned with a cost basis of $665 was sold during the three months ended March 31, 2022, resulting in a net gain of $291, while other real estate owned with a cost basis of $1,906 was sold during the three months ended March 31, 2021, resulting in a net gain of $56.

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 April 1, 2022, in each case as compared to the result under rates present in the market on March 31, 2022. 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
+400	12.17%	31.70%	38.29%
+300	9.78%	23.94%	28.87%
+200	7.21%	16.14%	19.58%
+100	4.26%	8.20%	10.21%

The rate shock results for the net interest income simulations for the next twenty-four months produce an asset sensitive position at March 31, 2022 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, 200, 300 and 400. 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, forward commitments, and interest rate lock commitments, as part of its ongoing efforts to mitigate its interest rate risk exposure. For more information about the Company’s derivatives, see the information under the heading “Loan Commitments and Other Off-Balance Sheet Arrangements” in the Liquidity and Capital Resources section below and 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 13.31% of the carrying value of the total securities portfolio. Securities within our investment portfolio are also used to secure certain deposit types, short-term borrowings and derivative instruments. At March 31, 2022, securities with a carrying value of $702,992 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 $629,174 similarly pledged at December 31, 2021.

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 $100,000 in short-term borrowings from the FHLB at March 31, 2022, as compared to no such borrowings at December 31, 2021. 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 March 31, 2022, the balance of our outstanding long-term advances with the FHLB was $408 compared to $417 at December 31, 2021. The total amount of the remaining credit available to us from the FHLB at March 31, 2022 was $4,047,128. 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 March 31, 2022 or December 31, 2021.

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Finally, we can access the capital markets to meet liquidity needs, as we did in 2016, 2020 and 2021 in the form of subordinated notes. 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. The carrying value of the subordinated notes, net of unamortized debt issuance costs, was $323,490 at March 31, 2022. We redeemed $30,000 of subordinated notes in the first quarter of 2022.

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
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Noninterest-bearing demand	32.65	%	30.20	%	—	%	—	%
Interest-bearing demand	46.59		46.17		0.22		0.27
Savings	7.70		6.90		0.05		0.08
Time deposits	9.65		12.94		0.55		1.02
Short-term borrowings	0.19		0.10		0.48		0.31
Long-term Federal Home Loan Bank advances	0.01		1.19		1.86		0.05
Subordinated notes	2.43		1.63		4.26		5.15
Other borrowed funds	0.78		0.87		4.41		4.24
Total deposits and borrowed funds	100.00	%	100.00	%	0.30	%	0.38	%

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 $1,607,493 at March 31, 2022, as compared to $1,261,916 at March 31, 2021. Cash used in investing activities for the three months ended March 31, 2022 was $584,800, as compared to cash provided by investing activities of $29,466 for the three months ended March 31, 2021. Proceeds from the sale, maturity or call of securities within our investment portfolio were $135,775 for the three months ended March 31, 2022, as compared to $250,773 for the same period in 2021. These proceeds were primarily reinvested into the investment portfolio. Purchases of investment securities were $365,069 for the first three months of 2022, as compared to $465,245 for the same period in 2021.

Cash provided by financing activities for the three months ended March 31, 2022 was $108,512, as compared to $656,035 for the same period in 2021. Deposits increased $85,173 and $677,827 for the three months ended March 31, 2022 and 2021, 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. 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.

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Federal Reserve regulations also limit the amount the Bank may loan to the Company unless such loans are collateralized by specific obligations. At March 31, 2022, the maximum amount available for transfer from the Bank to the Company in the form of loans was $171,473. The Company maintains a $3,000 line of credit collateralized by cash with the Bank. There were no amounts outstanding under this line of credit at March 31, 2022.

These restrictions did not have any impact on the Company’s ability to meet its cash obligations in the three months ended March 31, 2022, nor does management expect such restrictions to materially impact the Company’s ability to meet its currently-anticipated cash obligations.

Loan Commitments and Other 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:

	March 31, 2022		December 31, 2021
Loan commitments	$	3,254,402	$	3,104,940
Standby letters of credit	89,723		89,830

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.

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 March 31, 2022, the Company had notional amounts of $179,648 on interest rate contracts with corporate customers and $179,648 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.

Shareholders’ Equity and Regulatory Matters

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Total shareholders’ equity of the Company was $2,137,642 at March 31, 2022 compared to $2,209,853 at December 31, 2021. Book value per share was $38.25 and $39.63 at March 31, 2022 and December 31, 2021, respectively. The decrease in shareholders’ equity was attributable to changes in accumulated other comprehensive income and dividends declared, partially offset by current period earnings.

On October 26, 2021, the Company’s Board of Directors approved a new 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 new repurchase program will remain in effect for one year or, if earlier, the repurchase of the entire amount of common stock authorized to be repurchased. The Company did not repurchase any of its common stock under the stock repurchase plan in the first quarter of 2022.

The Company has junior subordinated debentures with a carrying value of $111,518 at March 31, 2022, of which $107,927 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 March 31, 2022. 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 of a financial institution we exceed $15,000,000 in assets, or if we make any acquisition of a financial institution 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 par value of $340,000 at March 31, 2022, of which $335,244 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
March 31, 2022
Renasant Corporation:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,316,342	10.78	%	$	793,569	6.50	%	$	854,613	7.00	%
Tier 1 risk-based capital ratio	1,424,268		11.67	%	976,700		8.00	%	1,037,744		8.50	%
Total risk-based capital ratio	1,892,630		15.50	%	1,220,875		10.00	%	1,281,919		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,424,268		9.00	%	791,134		5.00	%	632,907		4.00	%
Renasant Bank:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,581,608	12.95	%	$	793,942	6.50	%	$	855,014	7.00	%
Tier 1 risk-based capital ratio	1,581,608		12.95	%	977,159		8.00	%	1,038,232		8.50	%
Total risk-based capital ratio	1,714,725		14.04	%	1,221,449		10.00	%	1,282,521		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,581,608		10.00	%	790,518		5.00	%	632,414		4.00	%
December 31, 2021
Renasant Corporation:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,314,295	11.18	%	$	763,952	6.50	%	$	822,717	7.00	%
Tier 1 risk-based capital ratio	1,422,077		12.10	%	940,248		8.00	%	999,014		8.50	%
Total risk-based capital ratio	1,897,167		16.14	%	1,175,610		10.00	%	1,234,076		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,422,077		9.15	%	777,289		5.00	%	621,831		4.00	%
Renasant Bank:
Risk-based capital ratios:
Common equity tier 1 capital ratio	$	1,580,904	13.46	%	$	763,713	6.50	%	$	822,460	7.00	%
Tier 1 risk-based capital ratio	1,580,904		13.46	%	939,954		8.00	%	998,702		8.50	%
Total risk-based capital ratio	1,697,163		14.44	%	1,174,943		10.00	%	1,233,690		10.50	%
Leverage capital ratios:
Tier 1 leverage ratio	1,580,904		10.18	%	776,700		5.00	%	621,360		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. The three-year transitional period began on January1, 2022.

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.

Critical Accounting Estimates

We have identified certain accounting estimates which involve significant judgment and estimates which can have a material impact on our financial condition or results of operations. Our accounting policies are more fully described in Note 1,

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“Significant Accounting Policies,” in the Notes to Consolidated Financial Statements of the Company in Item 8, Financial Statements and Supplementary Data, in our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on February 25, 2022. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date.

The critical accounting estimates which we believe to be the most critical in preparing our consolidated financial statements relate to allowance for credit losses and acquisition accounting, which are described under “Critical Accounting Policies and Estimates” in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, in our Annual Report on Form 10-K for the year ended December 31, 2021. Since December 31, 2021, there have been no material changes in these critical accounting estimates.

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, among others, merger and conversion related expenses, COVID-19 related expenses, restructuring benefit, and a recovery of a portion of the reserve 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.

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Adjusted Efficiency Ratio
	Three months ended March 31,
	2022			2021
Interest income (fully tax equivalent basis)	$	111,945		$	123,378
Interest expense	10,562			12,114
Net interest income (fully tax equivalent basis)	101,383			111,264
Total noninterest income	37,458			81,037
Net gains on sales of securities	—			1,357
MSR valuation adjustment	—			13,561
Adjusted noninterest income	37,458			66,119
Total noninterest expense	94,105			115,935
Intangible amortization	1,366			1,598
Merger and conversion related expenses	687			—
Restructuring (benefit) charges	(455)			292
COVID-19 related expenses	—			785
Recovery of unfunded commitments	(550)			—
Adjusted noninterest expense	93,057			113,260
Efficiency Ratio (GAAP)	67.78		%	60.29		%
Adjusted Efficiency Ratio (non-GAAP)	67.02		%	63.85		%

Allowance for Credit Losses on Loans to Total Loans, excluding PPP Loans
	March 31, 2022			December 31, 2021
Total loans (GAAP)	$	10,313,459		$	10,020,914
Less PPP loans	8,382			58,391
Adjusted total loans (non-GAAP)	$	10,305,077		$	9,962,523
Allowance for Credit Losses on Loans	$	166,468		$	164,171
ACL/Total loans (GAAP)	1.61		%	1.64		%
ACL/Total loans excluding PPP loans (non-GAAP)	1.62		%	1.65		%

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, 2021. For additional information regarding our market risk, see our Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on February 25, 2022.

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

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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 was no change in the Company’s internal control over financial reporting during the fiscal quarter covered by this quarterly report that has materially affected, or is 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, 2021. There have been no material changes from the risk factors set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2022.

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 March 31, 2022, 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	Maximum Number of Shares or Approximate Dollar Value That May Yet Be Purchased Under Share Repurchase Plans(2)
January 1, 2022 to January 31, 2022	19,397	$	37.95	—	$	50,000
February 1, 2022 to February 28, 2022	—	—		—	50,000
March 1, 2022 to March 31, 2022	49,291	35.05		—	50,000
Total	68,688	$	35.87	—

(1)For the three months ended March 31, 2022, all share amounts in this column represent shares of Renasant Corporation stock withheld to satisfy the federal and state tax liabilities related to the vesting of time-based and performance-based restricted stock awards.

The Company announced a $50.0 million stock repurchase program in October 2021 under which the Company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately-negotiated transactions. This plan 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 first quarter of 2022 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.

77

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)
(3)(iv)	Articles of Amendment to the Amended and Restated Bylaws of Renasant Corporation (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 March 31, 2022 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 March 31, 2022, 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 3(ii) to the Form 8-K of the Company filed with the Commission on January 28, 2022 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.

78

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:	May 6, 2022	/s/ C. Mitchell Waycaster
		C. Mitchell Waycaster
		President and
		Chief Executive Officer
		(Principal Executive Officer)
Date:	May 6, 2022	/s/ James C. Mabry IV
		James C. Mabry IV
		Executive Vice President and
		Chief Financial Officer
		(Principal Financial Officer)

79

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 March 31, 2022 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:	May 6, 2022	/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 March 31, 2022 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:	May 6, 2022	/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 March 31, 2022 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:	May 6, 2022	/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 March 31, 2022 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:	May 6, 2022	/s/ James C. Mabry IV
		James C. Mabry IV
		Executive Vice President and
		Chief Financial Officer
		(Principal Financial Officer)

XML

Cover - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		55,900,096
Entity Central Index Key	0000715072
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 230,947	$ 182,710
Interest-bearing balances with banks	1,376,546	1,695,255
Cash and cash equivalents	1,607,493	1,877,965
Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2022 and December 31, 2021) (fair value of $449,541 and $415,552, respectively)	487,194	416,357
Securities available for sale, at fair value	2,405,316	2,386,052
Loans held for sale, at fair value	280,464	453,533
Loans, net of unearned income:
Loans, net of unearned income	10,313,459	10,020,914
Allowance for credit losses	(166,468)	(164,171)
Loans, net	10,146,991	9,856,743
Premises and equipment, net	285,344	293,122
Other real estate owned:
Total other real estate owned, net	2,062	2,540
Goodwill	946,291	939,683
Other intangible assets, net	22,731	24,098
Bank-owned life insurance	369,344	287,359
Mortgage servicing rights	91,730	89,018
Other assets	218,797	183,841
Total assets	16,863,757	16,810,311
Deposits
Noninterest-bearing	4,706,256	4,718,124
Interest-bearing	9,284,641	9,187,600
Total deposits	13,990,897	13,905,724
Short-term borrowings	111,279	13,947
Long-term debt	435,416	471,209
Other liabilities	188,523	209,578
Total liabilities	14,726,115	14,600,458
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; 55,880,666 and 55,756,233 shares outstanding, respectively	296,483	296,483
Treasury stock, at cost – 3,416,059 and 3,540,492 shares, respectively	(114,050)	(118,027)
Additional paid-in capital	1,297,088	1,300,192
Retained earnings	762,690	741,648
Accumulated other comprehensive loss, net of taxes	(104,569)	(10,443)
Total shareholders’ equity	2,137,642	2,209,853
Total liabilities and shareholders’ equity	16,863,757	16,810,311
Non purchased loans and leases
Loans, net of unearned income:
Loans, net of unearned income	9,338,890	9,011,011
Other real estate owned:
Total other real estate owned, net	531	951
Purchased loans
Loans, net of unearned income:
Loans, net of unearned income	974,569	1,009,903
Other real estate owned:
Total other real estate owned, net	$ 1,531	$ 1,589

XML

Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses - held to maturity securities	$ 32	$ 32
Fair Value	$ 449,541	$ 415,552
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)	55,880,666	55,756,233
Treasury stock (in shares)	3,416,059	3,540,492

XML

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income
Loans	$ 98,692	$ 115,005
Securities
Taxable	8,934	4,917
Tax-exempt	1,901	1,657
Other	664	183
Total interest income	110,191	121,762
Interest expense
Deposits	5,637	8,279
Borrowings	4,925	3,835
Total interest expense	10,562	12,114
Net interest income	99,629	109,648
Provision for credit losses on loans	1,500	0
Provision for credit losses	1,500	0
Net interest income after provision for credit losses	98,129	109,648
Noninterest income
Service charges on deposit accounts	9,562	8,023
Fees and commissions	3,982	3,900
Insurance commissions	2,554	2,237
Wealth management revenue	5,924	4,792
Mortgage banking income	9,633	50,733
Net gain on sales of securities	0	1,357
BOLI income	2,153	2,072
Other	3,650	7,923
Total noninterest income	37,458	81,037
Noninterest expense
Salaries and employee benefits	62,239	78,696
Data processing	4,263	5,451
Net occupancy and equipment	11,276	12,538
Other real estate owned	(241)	41
Professional fees	3,151	2,921
Advertising and public relations	4,059	3,252
Intangible amortization	1,366	1,598
Communications	2,027	2,292
Merger and conversion related expenses	687	0
Restructuring (benefit) charges	(455)	292
Other	5,733	8,854
Total noninterest expense	94,105	115,935
Income (loss) before income taxes	41,482	74,750
Income taxes	7,935	16,842
Net income (loss)	$ 33,547	$ 57,908
Basic earnings per share (usd per share)	$ 0.60	$ 1.03
Diluted earnings per share (usd per share)	0.60	1.02
Cash dividends per common share (usd per share)	$ 0.22	$ 0.22

XML

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 33,547	$ 57,908
Securities available for sale:
Unrealized holding losses on securities	(100,462)	(14,943)
Reclassification adjustment for gains realized in net income	0	(1,012)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(74)	0
Total securities available for sale	(100,536)	(15,955)
Derivative instruments:
Unrealized holding gains on derivative instruments	6,379	10,984
Total derivative instruments	6,379	10,984
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	31	42
Total defined benefit pension and post-retirement benefit plans	31	42
Other comprehensive loss, net of tax	(94,126)	(4,929)
Comprehensive (loss) income	$ (60,579)	$ 52,979

XML

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
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 loss	(4,929)					(4,929)
Comprehensive (loss) 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, 2021		55,756,233
Beginning balance at Dec. 31, 2021	2,209,853	$ 296,483	(118,027)	1,300,192	741,648	(10,443)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,547				33,547
Other comprehensive loss	(94,126)					(94,126)
Comprehensive (loss) income	(60,579)
Cash dividends	(12,505)				(12,505)
Issuance of common stock for stock-based compensation awards (in shares)		124,433
Issuance of common stock for stock-based compensation awards	(2,465)		3,977	(6,442)
Stock-based compensation expense	3,338			3,338
Ending balance (in shares) at Mar. 31, 2022		55,880,666
Ending balance at Mar. 31, 2022	$ 2,137,642	$ 296,483	$ (114,050)	$ 1,297,088	$ 762,690	$ (104,569)

XML

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share (usd per share)	$ 0.22	$ 0.22

XML

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net income	$ 33,547,000	$ 57,908,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses on loans	1,500,000	0
Depreciation, amortization and accretion	12,804,000	10,059,000
Deferred income tax expense	4,649,000	5,542,000
Funding of mortgage loans held for sale	(595,046,000)	(1,143,349,000)
Proceeds from sales of mortgage loans held for sale	769,797,000	1,082,538,000
Gains on sales of mortgage loans held for sale	(6,047,000)	(33,901,000)
Valuation adjustment to mortgage servicing rights	0	(13,561,000)
Gains on sales of securities	0	(1,357,000)
Gains on sales of premises and equipment	(3,000)	(22,000)
Stock-based compensation expense	3,338,000	2,756,000
Increase (decrease) in other assets	5,746,000	(11,800,000)
Decrease in other liabilities	(24,469,000)	(11,601,000)
Net cash provided by (used in) operating activities	205,816,000	(56,788,000)
Investing activities
Purchases of securities available for sale	(285,635,000)	(465,245,000)
Proceeds from sales of securities available for sale	0	155,391,000
Proceeds from call/maturities of securities available for sale	128,155,000	95,382,000
Purchases of securities held to maturity	(79,434,000)	0
Proceeds from call/maturities of securities held to maturity	7,620,000	0
Net (increase) decrease in loans	(264,251,000)	243,250,000
Purchases of premises and equipment	(2,030,000)	(2,630,000)
Proceeds from sales of premises and equipment	100,000	34,000
Purchase of bank-owned life insurance	(80,000,000)	0
Net change in FHLB stock	(422,000)	(24,000)
Proceeds from sales of other assets	956,000	1,962,000
Net cash paid in acquisition of businesses	(10,066,000)	0
Other, net	207,000	1,346,000
Net cash (used in) provided by investing activities	(584,800,000)	29,466,000
Financing activities
Net (decrease) increase in noninterest-bearing deposits	(11,868,000)	450,312,000
Net increase in interest-bearing deposits	97,041,000	227,515,000
Net increase (decrease) in short-term borrowings	67,852,000	(9,186,000)
Repayment of long-term debt	(32,008,000)	(42,000)
Cash paid for dividends	(12,505,000)	(12,564,000)
Net cash provided by financing activities	108,512,000	656,035,000
Net (decrease) increase in cash and cash equivalents	(270,472,000)	628,713,000
Cash and cash equivalents at beginning of period	1,877,965,000	633,203,000
Cash and cash equivalents at end of period	1,607,493,000	1,261,916,000
Supplemental disclosures
Cash paid for interest	10,324,000	15,108,000
Cash paid for income taxes	6,195,000	18,032,000
Noncash transactions:
Transfers of loans to other real estate owned	200,000	2,039,000
Recognition of operating right-of-use assets	30,000	3,601,000
Recognition of operating lease liabilities	$ 30,000	$ 3,601,000

XML

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2022

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., Park Place Capital Corporation and Southeastern Commercial Finance, LLC. 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.

The Company acquired Southeastern Commercial Finance, LLC, an asset-based lending company headquartered in Birmingham, Alabama, effective March 1, 2022.

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, 2021 filed with the Securities and Exchange Commission on February 25, 2022.

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 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method” (“ASU 2022-01”), which expands the last-of-layer method (which previously allowed entities to hedge exposure of a closed portfolio of prepayable financial assets to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults and other events impacting the timing and amount of cash flows on only one hedged layer) to the portfolio layer method which allows for multiple hedged layers in a single closed portfolio. ASU 2022-01 also expands the scope to include non-prepayable financial assets, specifies eligible hedging instruments in a single layer hedge, provides guidance on the accounting for and disclosure of hedge basis adjustment under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for assets included in a closed portfolio. ASU 2022-01 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. ASU 2022-01 is not expected to have a significant impact on the Company’s financial statements.

In March 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, “Receivables - Troubled Debt Restructurings by Creditors,” while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. ASU 2022-02 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. The adoption of this accounting pronouncement will have no impact on the Company’s financial statements aside from additional and revised disclosures.

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Securities

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 or December 31, 2021.

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2022
U.S. Treasury securities	$	2,000	$	—	$	—	$	2,000
Obligations of states and political subdivisions	161,565		1,117		(5,205)		157,477
Residential mortgage backed securities:
Government agency mortgage backed securities	969,140		1,249		(48,493)		921,896
Government agency collateralized mortgage obligations	1,094,043		5		(83,591)		1,010,457
Commercial mortgage backed securities:
Government agency mortgage backed securities	11,277		—		(371)		10,906
Government agency collateralized mortgage obligations	221,955		87		(12,852)		209,190
Other debt securities	94,996		385		(1,991)		93,390
	$	2,554,976	$	2,843	$	(152,503)	$	2,405,316

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2021
U.S. Treasury securities	$	3,007	$	3	$	—	$	3,010
Obligations of other U.S. Government agencies and corporations	153,847		5,532		(269)		159,110
Obligations of states and political subdivisions	—		—		—		—
Residential mortgage backed securities:
Government agency mortgage backed securities	967,497		7,854		(6,816)		968,535
Government agency collateralized mortgage obligations	1,008,514		457		(20,371)		988,600
Commercial mortgage backed securities:
Government agency mortgage backed securities	14,717		365		(1)		15,081
Government agency collateralized mortgage obligations	216,859		812		(3,419)		214,252
Trust preferred securities	—		—		—		—
Other debt securities	36,515		1,097		(148)		37,464
	$	2,400,956	$	16,120	$	(31,024)	$	2,386,052

The amortized cost and fair value of securities held to maturity were as follows as of the dates presented:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2022
Obligations of states and political subdivisions	$	290,588	$	—	$	(26,969)	$	263,619
Residential mortgage backed securities
Government agency mortgage backed securities	95,369		—		(3,943)		91,426
Government agency collateralized mortgage obligations	23,403		—		(1,904)		21,499
Commercial mortgage backed securities:
Government agency mortgage backed securities	17,022		—		(1,488)		15,534
Government agency collateralized mortgage obligations	38,906		—		(2,261)		36,645
Other debt securities	21,938		—		(1,120)		20,818
	$	487,226	$	—	$	(37,685)	$	449,541
Allowance for credit losses - held to maturity securities	(32)
Held to maturity securities, net of allowance for credit losses	$	487,194

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2021
Obligations of states and political subdivisions	$	267,641	$	333	$	(685)	$	267,289
Residential mortgage backed securities
Government agency mortgage backed securities	60,507		1		(198)		60,310
Government agency collateralized mortgage obligations	24,832		—		(92)		24,740
Commercial mortgage backed securities:
Government agency mortgage backed securities	1,855		—		—		1,855
Government agency collateralized mortgage obligations	39,505		—		(117)		39,388
Other debt securities	22,049		—		(79)		21,970
	$	416,389	$	334	$	(1,171)	$	415,552
Allowance for credit losses - held to maturity securities	(32)
Held to maturity securities, net of allowance for credit losses	$	416,357

There were no securities sold during the three months ended March 31, 2022. Securities sold during the three months ended March 31, 2021 were as set forth in the table below.

	Carrying Value		Net Proceeds		Gain/(Loss)
Three months ended March 31, 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

Gross realized gains and losses on sales of securities available for sale for the three months ended March 31, 2021 were as follows:

	Three Months Ended
	March 31,
		2021
Gross gains on sales of securities available for sale		$	3,508
Gross losses on sales of securities available for sale		(2,151)
Gains on sales of securities available for sale, net		$	1,357

At March 31, 2022 and December 31, 2021, securities with a carrying value of $684,687 and $607,681, respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $18,305 and $21,493 were pledged as collateral for short-term borrowings and derivative instruments at March 31, 2022 and December 31, 2021, respectively.

The amortized cost and fair value of securities at March 31, 2022 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.

	Held to Maturity				Available for Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	155	$	155	$	3,996	$	4,003
Due after one year through five years	2,047		1,977		37,518		37,814
Due after five years through ten years	18,244		16,884		66,830		66,946
Due after ten years	270,142		244,603		88,851		84,252
Residential mortgage backed securities:
Government agency mortgage backed securities	95,369		91,426		969,140		921,896
Government agency collateralized mortgage obligations	23,403		21,499		1,094,043		1,010,457
Commercial mortgage backed securities:
Government agency mortgage backed securities	17,022		15,534		11,277		10,906
Government agency collateralized mortgage obligations	38,906		36,645		221,955		209,190
Other debt securities	21,938		20,818		61,366		59,852
	$	487,226	$	449,541	$	2,554,976	$	2,405,316

The following tables present 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:
March 31, 2022
Obligations of states and political subdivisions	41	$	81,646	$	(4,767)	4	$	5,805	$	(438)	45	$	87,451	$	(5,205)
Residential mortgage backed securities:
Government agency mortgage backed securities	80	761,484		(43,653)		6	49,651		(4,840)		86	811,135		(48,493)
Government agency collateralized mortgage obligations	61	932,820		(74,437)		4	77,376		(9,154)		65	1,010,196		(83,591)
Commercial mortgage backed securities:
Government agency mortgage backed securities	3	10,481		(371)		1	425		—		4	10,906		(371)
Government agency collateralized mortgage obligations	24	150,009		(8,741)		7	40,496		(4,111)		31	190,505		(12,852)
Other debt securities	10	51,369		(1,991)		—	—		—		10	51,369		(1,991)
Total	219	$	1,987,809	$	(133,960)	22	$	173,753	$	(18,543)	241	$	2,161,562	$	(152,503)
December 31, 2021
Obligations of states and political subdivisions	8	$	34,303	$	(216)	3	$	3,892	$	(53)	11	$	38,195	$	(269)
Residential mortgage backed securities:
Government agency mortgage backed securities	41	727,546		(6,312)		1	12,305		(504)		42	739,851		(6,816)
Government agency collateralized mortgage obligations	49	966,126		(20,371)		—	—		—		49	966,126		(20,371)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	1,791		(1)		1	432		—		2	2,223		(1)
Government agency collateralized mortgage obligations	21	160,919		(3,072)		2	9,005		(347)		23	169,924		(3,419)
Trust preferred securities	—	—		—		—	—		—		—	—		—
Other debt securities	1	8,699		(148)		—	—		—		1	8,699		(148)
Total	121	$	1,899,384	$	(30,120)	7	$	25,634	$	(904)	128	$	1,925,018	$	(31,024)

	Less than 12 Months					12 Months or More					Total
	#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses
Held to Maturity:
March 31, 2022
Obligations of states and political subdivisions	127	$	261,920	$	(26,786)	1	$	1,699	$	(183)	128	$	263,619	$	(26,969)
Residential mortgage backed securities:
Government agency mortgage backed securities	55	86,842		(3,599)		1	4,584		(344)		56	91,426		(3,943)
Government agency collateralized mortgage obligations	—	—		—		1	21,499		(1,904)		1	$	21,499	$	(1,904)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	15,534		(1,488)		—	—		—		1	$	15,534	$	(1,488)
Government agency collateralized mortgage obligations	6	31,380		(1,923)		1	5,265		(338)		7	$	36,645	$	(2,261)
Other debt securities	8	20,818		(1,120)		—	—		—		8	$	20,818	$	(1,120)
Total	197	$	416,494	$	(34,916)	4	$	33,047	$	(2,769)	201	$	449,541	$	(37,685)
December 31, 2021
Obligations of states and political subdivisions	24	$	62,131	$	(685)	—	$	—	$	—	24	$	62,131	$	(685)
Residential mortgage backed securities:
Government agency mortgage backed securities	50	53,560		(181)		1	5,354		(17)		51	58,914		(198)
Government agency collateralized mortgage obligations	1	24,740		(92)		—	—		—		1	24,740		(92)
Commercial mortgage backed securities:
Government agency collateralized mortgage obligations	7	39,388		(117)		—	—		—		7	39,388		(117)
Other debt securities	8	21,972		(79)		—	—		—		8	21,972		(79)
Total	90	$	201,791	$	(1,154)	1	$	5,354	$	(17)	91	$	207,145	$	(1,171)

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, 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 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. Based upon its review of securities with unrealized losses as of March 31, 2022, the Company determined that all such losses resulted from factors not deemed credit related. As such, the Company did not record any impairment for the first quarter.

The allowance for credit losses on held to maturity securities was $32 at March 31, 2022 and December 31, 2021. The Company monitors the credit quality of debt securities held to maturity using bond investment grades assigned by third party ratings agencies. Updated investment grades are obtained as they become available from agencies. On March 31, 2022, 99.9% of the amortized cost of debt securities held to maturity were rated A or higher by the ratings agencies.

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Non Purchased Loans

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural(1)	$	1,336,239	$	1,332,962
Lease financing	94,954		80,192
Real estate – construction:
Residential	305,396		300,988
Commercial	911,532		798,914
Total real estate – construction	1,216,928		1,099,902
Real estate – 1-4 family mortgage:
Primary	1,803,750		1,682,050
Home equity	424,426		423,108
Rental/investment	274,117		268,245
Land development	142,294		135,070
Total real estate – 1-4 family mortgage	2,644,587		2,508,473
Real estate – commercial mortgage:
Owner-occupied	1,318,446		1,329,219
Non-owner occupied	2,510,981		2,446,370
Land development	116,113		110,395
Total real estate – commercial mortgage	3,945,540		3,885,984
Installment loans to individuals	105,754		107,565
Gross loans	9,344,002		9,015,078
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	$	9,338,890	$	9,011,011

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, 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. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected 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
March 31, 2022
Commercial, financial, agricultural	$	1,519	$	77	$	1,329,682	$	1,331,278	$	739	$	2,875	$	1,347	$	4,961	$	1,336,239
Lease financing	—		—		94,954		94,954		—		—		—		—		94,954
Real estate – construction:
Residential	1,857		—		303,539		305,396		—		—		—		—		305,396
Commercial	—		—		911,532		911,532		—		—		—		—		911,532
Total real estate – construction	1,857		—		1,215,071		1,216,928		—		—		—		—		1,216,928
Real estate – 1-4 family mortgage:
Primary	16,852		—		1,771,806		1,788,658		4,018		6,812		4,262		15,092		1,803,750
Home equity	1,953		32		420,995		422,980		54		1,012		380		1,446		424,426
Rental/investment	562		100		272,736		273,398		16		438		265		719		274,117
Land development	332		—		141,441		141,773		—		333		188		521		142,294
Total real estate – 1-4 family mortgage	19,699		132		2,606,978		2,626,809		4,088		8,595		5,095		17,778		2,644,587
Real estate – commercial mortgage:
Owner-occupied	2,617		—		1,312,212		1,314,829		2,809		808		—		3,617		1,318,446
Non-owner occupied	662		—		2,504,698		2,505,360		—		—		5,621		5,621		2,510,981
Land development	202		—		115,582		115,784		—		292		37		329		116,113
Total real estate – commercial mortgage	3,481		—		3,932,492		3,935,973		2,809		1,100		5,658		9,567		3,945,540
Installment loans to individuals	674		—		104,813		105,487		3		20		244		267		105,754
Unearned income	—		—		(5,112)		(5,112)		—		—		—		—		(5,112)
Loans, net of unearned income	$	27,230	$	209	$	9,278,878	$	9,306,317	$	7,639	$	12,590	$	12,344	$	32,573	$	9,338,890

	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, 2021
Commercial, financial, agricultural	$	3,325	$	103	$	1,323,774	$	1,327,202	$	1,669	$	2,665	$	1,426	$	5,760	$	1,332,962
Lease financing	—		—		80,181		80,181		—		11		—		11		80,192
Real estate – construction:
Residential	1,077		—		299,911		300,988		—		—		—		—		300,988
Commercial	—		—		798,914		798,914		—		—		—		—		798,914
Total real estate – construction	1,077		—		1,098,825		1,099,902		—		—		—		—		1,099,902
Real estate – 1-4 family mortgage:
Primary	14,785		389		1,652,940		1,668,114		1,920		8,195		3,821		13,936		1,682,050
Home equity	1,468		—		420,695		422,163		182		546		217		945		423,108
Rental/investment	401		445		266,353		267,199		—		771		275		1,046		268,245
Land development	431		—		134,382		134,813		—		65		192		257		135,070
Total real estate – 1-4 family mortgage	17,085		834		2,474,370		2,492,289		2,102		9,577		4,505		16,184		2,508,473
Real estate – commercial mortgage:
Owner-occupied	720		36		1,325,776		1,326,532		163		822		1,702		2,687		1,329,219
Non-owner occupied	260		89		2,440,513		2,440,862		—		—		5,508		5,508		2,446,370
Land development	476		—		109,575		110,051		—		292		52		344		110,395
Total real estate – commercial mortgage	1,456		125		3,875,864		3,877,445		163		1,114		7,262		8,539		3,885,984
Installment loans to individuals	978		12		106,318		107,308		30		95		132		257		107,565
Unearned income	—		—		(4,067)		(4,067)		—		—		—		—		(4,067)
Loans, net of unearned income	$	23,921	$	1,074	$	8,955,265	$	8,980,260	$	3,964	$	13,462	$	13,325	$	30,751	$	9,011,011

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 March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $15,267 and $5,965 at March 31, 2022 and March 31, 2021, 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 Amortized Cost		Post- Modification Amortized Cost
Three months ended March 31, 2022
Real estate – 1-4 family mortgage:
Primary	7	$	865	$	873
Real estate – commercial mortgage:
Owner-occupied	1	6,500		6,500
Total	8	$	7,365	$	7,373
Three months ended March 31, 2021
Real estate – 1-4 family mortgage:
Primary	3	$	432	$	435
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	4	$	1,269	$	1,245

With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted 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, 2022	97	$	14,650
Additional advances or loans with concessions	8	7,403
Reductions due to:
Reclassified as nonperforming	(4)	(452)
Paid in full	(5)	(530)
Principal paydowns	—	(91)
Totals at March 31, 2022	96	$	20,980

The allowance for credit losses attributable to restructured loans was $646 and $328 at March 31, 2022 and March 31, 2021, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022 and no remaining availability at March 31, 2021.

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, if 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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	96,762	$	276,836	$	184,316	$	105,812	$	39,160	$	21,356	$	573,245	$	4,504	$	1,301,991
Pass	96,208		275,666		176,524		105,294		37,590		20,606		571,066		3,497		1,286,451
Special Mention	89		—		—		194		272		—		601		—		1,156
Substandard	465		1,170		7,792		324		1,298		750		1,578		1,007		14,384
Lease Financing Receivables	$	19,463	$	24,644	$	21,969	$	14,215	$	6,758	$	2,793	$	—	$	—	$	89,842
Pass	19,463		24,644		21,969		14,215		6,758		2,341		—		—		89,390
Special Mention	—		—		—		—		—		452		—		—		452
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	162,809	$	482,341	$	318,316	$	145,402	$	15,525	$	—	$	6,539	$	602	$	1,131,534
Residential	$	61,146	$	150,122	$	6,025	$	—	$	—	$	—	$	2,107	$	602	$	220,002
Pass	61,146		150,122		6,025		—		—		—		2,107		602		220,002
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	101,663	$	332,219	$	312,291	$	145,402	$	15,525	$	—	$	4,432	$	—	$	911,532
Pass	101,663		331,298		312,291		145,402		15,525		—		4,432		—		910,611
Special Mention	—		921		—		—		—		—		—		—		921
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	86,992	$	180,183	$	67,130	$	43,262	$	24,115	$	29,405	$	26,986	$	854	$	458,927
Primary	$	7,747	$	12,478	$	6,702	$	2,969	$	4,159	$	4,803	$	6,002	$	—	$	44,860
Pass	7,538		12,478		6,702		2,848		4,159		4,436		5,991		—		44,152
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	209		—		—		121		—		367		11		—		708
Home Equity	$	—	$	1,324	$	—	$	41	$	127	$	—	$	13,817	$	9	$	15,318
Pass	—		1,324		—		41		127		—		13,817		9		15,318
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	41,987	$	100,533	$	51,166	$	29,396	$	19,608	$	24,032	$	6,321	$	845	$	273,888
Pass	41,966		100,456		50,958		28,363		19,339		23,306		6,321		845		271,554
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	21		77		208		1,033		269		726		—		—		2,334
Land Development	$	37,258	$	65,848	$	9,262	$	10,856	$	221	$	570	$	846	$	—	$	124,861
Pass	37,258		65,848		8,974		10,832		221		570		846		—		124,549
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		288		24		—		—		—		—		312
Real Estate - Commercial Mortgage	$	398,640	$	1,095,513	$	790,229	$	608,176	$	304,844	$	578,577	$	137,549	$	19,906	$	3,933,434
Owner-Occupied	$	121,718	$	302,860	$	266,970	$	197,621	$	146,863	$	219,190	$	55,759	$	7,316	$	1,318,297

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	121,353		301,595		265,142		196,020		145,137		203,852		55,759		6,347		1,295,205
Special Mention	—		1,191		—		347		—		3,127		—		932		5,597
Substandard	365		74		1,828		1,254		1,726		12,211		—		37		17,495
Non-Owner Occupied	$	260,565	$	749,262	$	507,210	$	400,465	$	152,176	$	356,205	$	72,478	$	12,590	$	2,510,951
Pass	260,361		740,078		507,210		387,131		152,176		292,279		72,478		12,590		2,424,303
Special Mention	—		9,184		—		11,322		—		24,606		—		—		45,112
Substandard	204		—		—		2,012		—		39,320		—		—		41,536
Land Development	$	16,357	$	43,391	$	16,049	$	10,090	$	5,805	$	3,182	$	9,312	$	—	$	104,186
Pass	14,759		43,123		15,713		10,090		5,724		3,182		9,312		—		101,903
Special Mention	—		43		—		—		—		—		—		—		43
Substandard	1,598		225		336		—		81		—		—		—		2,240
Installment loans to individuals	$	73	$	—	$	—	$	37	$	—	$	—	$	—	$	—	$	110
Pass	73		—		—		37		—		—		—		—		110
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	764,739	$	2,059,517	$	1,381,960	$	916,904	$	390,402	$	632,131	$	744,319	$	25,866	$	6,915,838
Pass	761,788		2,046,632		1,371,508		900,273		386,756		550,572		742,129		23,890		6,783,548
Special Mention	89		11,339		—		11,863		272		28,185		601		932		53,281
Substandard	2,862		1,546		10,452		4,768		3,374		53,374		1,589		1,044		79,009

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	300,748	$	245,940	$	122,350	$	44,533	$	15,384	$	11,103	$	557,628	$	2,757	$	1,300,443
Pass	299,731		245,657		120,102		43,042		14,603		8,605		553,541		2,002		1,287,283
Special Mention	—		136		1,798		281		605		1,196		651		—		4,667
Substandard	1,017		147		450		1,210		176		1,302		3,436		755		8,493
Real Estate - Construction	$	461,370	$	371,694	$	174,369	$	14,813	$	—	$	—	$	3,769	$	2,428	$	1,028,443
Residential	$	210,734	$	12,598	$	—	$	—	$	—	$	—	$	3,769	$	2,428	$	229,529
Pass	210,734		12,598		—		—		—		—		3,769		2,428		229,529
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	250,636	$	359,096	$	174,369	$	14,813	$	—	$	—	$	—	$	—	$	798,914
Pass	250,636		359,096		174,369		14,813		—		—		—		—		798,914
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	205,137	$	83,038	$	60,240	$	30,044	$	28,340	$	8,846	$	25,534	$	941	$	442,120
Primary	$	15,599	$	7,698	$	3,662	$	5,985	$	4,150	$	1,066	$	4,727	$	—	$	42,887
Pass	15,599		7,698		3,496		5,985		4,066		1,057		4,716		—		42,617
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		166		—		84		9		11		—		270
Home Equity	$	1,318	$	—	$	42	$	131	$	—	$	—	$	13,615	$	10	$	15,116
Pass	1,318		—		42		131		—		—		13,615		10		15,116
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	111,006	$	61,801	$	33,734	$	23,520	$	23,890	$	7,469	$	5,554	$	931	$	267,905
Pass	110,987		60,855		32,733		23,246		23,708		7,098		5,554		931		265,112
Special Mention	—		249		—		—		—		—		—		—		249
Substandard	19		697		1,001		274		182		371		—		—		2,544
Land Development	$	77,214	$	13,539	$	22,802	$	408	$	300	$	311	$	1,638	$	—	$	116,212
Pass	74,818		13,539		22,769		408		300		311		1,638		—		113,783
Special Mention	2,396		—		—		—		—		—		—		—		2,396
Substandard	—		—		33		—		—		—		—		—		33
Real Estate - Commercial Mortgage	$	1,168,118	$	836,549	$	680,506	$	344,089	$	298,644	$	376,652	$	147,446	$	21,644	$	3,873,648
Owner-Occupied	$	312,031	$	305,686	$	220,057	$	164,345	$	140,265	$	117,767	$	59,126	$	9,748	$	1,329,025
Pass	310,736		304,555		218,447		161,521		134,410		109,577		59,126		8,036		1,306,408
Special Mention	1,210		1,131		—		—		1,733		328		—		1,712		6,114
Substandard	85		—		1,610		2,824		4,122		7,862		—		—		16,503
Non-Owner Occupied	$	809,784	$	511,803	$	449,409	$	173,123	$	155,175	$	256,133	$	79,016	$	11,896	$	2,446,339
Pass	800,348		503,009		436,062		165,843		102,446		242,665		79,016		11,896		2,341,285
Special Mention	9,235		8,794		11,356		7,280		33,176		8,024		—		—		77,865
Substandard	201		—		1,991		—		19,553		5,444		—		—		27,189
Land Development	$	46,303	$	19,060	$	11,040	$	6,621	$	3,204	$	2,752	$	9,304	$	—	$	98,284
Pass	46,034		17,030		11,040		6,569		3,204		2,752		9,304		—		95,933
Special Mention	44		—		—		—		—		—		—		—		44
Substandard	225		2,030		—		52		—		—		—		—		2,307
Installment loans to individuals	$	—	$	—	$	42	$	—	$	—	$	—	$	—	$	—	$	42
Pass	—		—		42		—		—		—		—		—		42
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,135,373	$	1,537,221	$	1,037,507	$	433,479	$	342,368	$	396,601	$	734,377	$	27,770	$	6,644,696
Pass	2,120,941		1,524,037		1,019,102		421,558		282,737		372,065		730,279		25,303		6,496,022
Special Mention	12,885		10,310		13,154		7,561		35,514		9,548		651		1,712		91,335
Substandard	1,547		2,874		5,251		4,360		24,117		14,988		3,447		755		57,339

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	24	$	—	$	—	$	—	$	4,586	$	29,638	$	—	$	34,248
Performing Loans	—		24		—		—		—		4,586		29,638		—		34,248
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Residential	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Performing Loans	7,060		70,624		6,079		1,631		—		—		—		—		85,394
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	202,102	$	576,608	$	389,909	$	182,310	$	142,482	$	284,535	$	404,747	$	2,967	$	2,185,660
Primary	$	199,643	$	566,132	$	387,647	$	181,465	$	140,891	$	283,112	$	—	$	—	$	1,758,890
Performing Loans	199,643		565,669		386,148		179,052		136,035		277,478		—		—		1,744,025
Non-Performing Loans	—		463		1,499		2,413		4,856		5,634		—		—		14,865
Home Equity	$	520	$	111	$	—	$	79	$	224	$	460	$	404,747	$	2,967	$	409,108
Performing Loans	520		111		—		79		224		388		403,926		2,413		407,661
Non-Performing Loans	—		—		—		—		—		72		821		554		1,447
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	229	$	—	$	—	$	229
Performing Loans	—		—		—		—		—		176		—		—		176
Non-Performing Loans	—		—		—		—		—		53		—		—		53
Land Development	$	1,939	$	10,365	$	2,262	$	766	$	1,367	$	734	$	—	$	—	$	17,433
Performing Loans	1,939		10,340		2,172		734		1,367		672		—		—		17,224
Non-Performing Loans	—		25		90		32		—		62		—		—		209
Real Estate - Commercial Mortgage	$	1,004	$	4,940	$	3,204	$	1,785	$	748	$	425	$	—	$	—	$	12,106
Owner-Occupied	$	—	$	—	$	135	$	14	$	—	$	—	$	—	$	—	$	149
Performing Loans	—		—		135		14		—		—		—		—		149
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	30
Performing Loans	—		—		30		—		—		—		—		—		30
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	1,004	$	4,940	$	3,039	$	1,771	$	748	$	425	$	—	$	—	$	11,927
Performing Loans	1,004		4,940		3,039		1,755		748		374		—		—		11,860
Non-Performing Loans	—		—		—		16		—		51		—		—		67
Installment loans to individuals	$	13,094	$	36,301	$	11,810	$	20,312	$	6,858	$	3,303	$	13,926	$	40	$	105,644
Performing Loans	12,981		36,285		11,783		20,265		6,848		3,252		13,926		37		105,377
Non-Performing Loans	113		16		27		47		10		51		—		3		267
Total loans not subject to risk rating	$	223,260	$	688,497	$	411,002	$	206,038	$	150,088	$	292,849	$	448,311	$	3,007	$	2,423,052
Performing Loans	223,147		687,993		409,386		203,530		145,222		286,926		447,490		2,450		2,406,144
Non-Performing Loans	113		504		1,616		2,508		4,866		5,923		821		557		16,908

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	71	$	—	$	—	$	1	$	—	$	8,983	$	23,464	$	—	$	32,519
Performing Loans	71		—		—		1		—		8,983		23,464		—		32,519
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	26,301	$	23,270	$	15,504	$	7,713	$	2,169	$	1,168	$	—	$	—	$	76,125
Performing Loans	26,301		23,270		15,504		7,713		2,167		1,159		—		—		76,114
Non-Performing Loans	—		—		—		—		2		9		—		—		11
Real Estate - Construction	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Residential	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Performing Loans	57,283		12,561		1,615		—		—		—		—		—		71,459
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	554,483	$	419,252	$	205,014	$	155,535	$	117,619	$	207,381	$	404,293	$	2,776	$	2,066,353
Primary	$	542,659	$	415,863	$	203,739	$	153,717	$	116,689	$	206,496	$	—	$	—	$	1,639,163
Performing Loans	542,053		414,931		201,273		148,649		114,669		203,416		—		—		1,624,991
Non-Performing Loans	606		932		2,466		5,068		2,020		3,080		—		—		14,172
Home Equity	$	111	$	—	$	79	$	225	$	—	$	508	$	404,293	$	2,776	$	407,992
Performing Loans	111		—		79		225		—		435		403,598		2,599		407,047
Non-Performing Loans	—		—		—		—		—		73		695		177		945
Rental/Investment	$	—	$	—	$	99	$	—	$	23	$	218	$	—	$	—	$	340
Performing Loans	—		—		99		—		23		164		—		—		286
Non-Performing Loans	—		—		—		—		—		54		—		—		54
Land Development	$	11,713	$	3,389	$	1,097	$	1,593	$	907	$	159	$	—	$	—	$	18,858
Performing Loans	11,688		3,298		1,065		1,593		832		159		—		—		18,635
Non-Performing Loans	25		91		32		—		75		—		—		—		223
Real Estate - Commercial Mortgage	$	5,265	$	3,584	$	2,082	$	800	$	468	$	137	$	—	$	—	$	12,336
Owner-Occupied	$	—	$	136	$	58	$	—	$	—	$	—	$	—	$	—	$	194
Performing Loans	—		136		58		—		—		—		—		—		194
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	31	$	—	$	—	$	—	$	—	$	—	$	—	$	31
Performing Loans	—		31		—		—		—		—		—		—		31
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	5,265	$	3,417	$	2,024	$	800	$	468	$	137	$	—	$	—	$	12,111
Performing Loans	5,265		3,417		2,008		800		468		86		—		—		12,044
Non-Performing Loans	—		—		16		—		—		51		—		—		67
Installment loans to individuals	$	44,302	$	15,436	$	23,114	$	7,717	$	1,985	$	1,917	$	13,016	$	36	$	107,523
Performing Loans	44,254		15,360		23,035		7,704		1,958		1,890		13,016		36		107,253
Non-Performing Loans	48		76		79		13		27		27		—		—		270
Total loans not subject to risk rating	$	687,705	$	474,103	$	247,329	$	171,766	$	122,241	$	219,586	$	440,773	$	2,812	$	2,366,315
Performing Loans	687,026		473,004		244,736		166,685		120,117		216,292		440,078		2,635		2,350,573
Non-Performing Loans	679		1,099		2,593		5,081		2,124		3,294		695		177		15,742

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural	$	109,368	$	90,308
Real estate – construction:
Residential	1,259		1,287
Commercial	3,865		3,707
Total real estate – construction	5,124		4,994
Real estate – 1-4 family mortgage:
Primary	122,063		134,070
Home equity	46,239		51,496
Rental/investment	18,694		20,229
Land development	9,396		9,978
Total real estate – 1-4 family mortgage	196,392		215,773
Real estate – commercial mortgage:
Owner-occupied	220,247		234,132
Non-owner occupied	396,135		410,577
Land development	15,942		18,344
Total real estate – commercial mortgage	632,324		663,053
Installment loans to individuals	31,361		35,775
Loans	$	974,569	$	1,009,903

In the first quarter of 2022, the Company acquired Southeastern Commercial Finance, LLC. The acquired loans were added to the commercial, financial, and agricultural loan category at their fair value of $28,110 at the date of acquisition. The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below.

	Carrying Amount
Purchase price of loans at acquisition	$	6,543
Allowance for credit losses at acquisition	1,648
Par value of acquired loans at acquisition	$	8,191

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
March 31, 2022
Commercial, financial, agricultural	$	316	$	—	$	100,913	$	101,229	$	203	$	1,996	$	5,940	$	8,139	$	109,368
Real estate – construction:
Residential	—		—		1,259		1,259		—		—		—		—		1,259
Commercial	—		—		3,865		3,865		—		—		—		—		3,865
Total real estate – construction	—		—		5,124		5,124		—		—		—		—		5,124
Real estate – 1-4 family mortgage:
Primary	1,224		—		115,600		116,824		981		1,706		2,552		5,239		122,063
Home equity	297		—		45,187		45,484		97		265		393		755		46,239
Rental/investment	—		—		18,635		18,635		—		—		59		59		18,694
Land development	75		—		9,321		9,396		—		—		—		—		9,396
Total real estate – 1-4 family mortgage	1,596		—		188,743		190,339		1,078		1,971		3,004		6,053		196,392
Real estate – commercial mortgage:
Owner-occupied	314		—		217,850		218,164		—		138		1,945		2,083		220,247
Non-owner occupied	54		—		393,144		393,198		2,931		—		6		2,937		396,135
Land development	—		38		15,786		15,824		—		—		118		118		15,942
Total real estate – commercial mortgage	368		38		626,780		627,186		2,931		138		2,069		5,138		632,324
Installment loans to individuals	1,107		—		30,162		31,269		16		—		76		92		31,361
Loans, net of unearned income	$	3,387	$	38	$	951,722	$	955,147	$	4,228	$	4,105	$	11,089	$	19,422	$	974,569

	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, 2021
Commercial, financial, agricultural	$	122	$	—	$	82,918	$	83,040	$	42	$	1,618	$	5,608	$	7,268	$	90,308
Real estate – construction:
Residential	—		—		1,287		1,287		—		—		—		—		1,287
Commercial	—		—		3,707		3,707		—		—		—		—		3,707
Total real estate – construction	—		—		4,994		4,994		—		—		—		—		4,994
Real estate – 1-4 family mortgage:
Primary	1,042		36		127,820		128,898		257		2,225		2,690		5,172		134,070
Home equity	149		—		50,573		50,722		—		373		401		774		51,496
Rental/investment	20		—		20,105		20,125		26		—		78		104		20,229
Land development	—		—		9,978		9,978		—		—		—		—		9,978
Total real estate – 1-4 family mortgage	1,211		36		208,476		209,723		283		2,598		3,169		6,050		215,773
Real estate – commercial mortgage:
Owner-occupied	1,511		323		230,305		232,139		—		289		1,704		1,993		234,132
Non-owner occupied	—		—		407,639		407,639		—		—		2,938		2,938		410,577
Land development	—		—		18,218		18,218		—		—		126		126		18,344
Total real estate – commercial mortgage	1,511		323		656,162		657,996		—		289		4,768		5,057		663,053
Installment loans to individuals	839		8		34,690		35,537		15		11		212		238		35,775
Loans, net of unearned income	$	3,683	$	367	$	987,240	$	991,290	$	340	$	4,516	$	13,757	$	18,613	$	1,009,903

There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $9,944 and 19,140 at March 31, 2022 and March 31, 2021, 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 March 31, 2022
Real estate – 1-4 family mortgage:
Land development	3	$	98	$	94
Three months ended March 31, 2021
Commercial, financial, agricultural	1	$	135	$	135

With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted 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, 2022	38	$	5,609
Additional advances or loans with concessions	3	110
Reclassified as performing restructured loan	3	302
Reductions due to:
Reclassified to nonperforming loans	(2)	(41)
Paid in full	(2)	(1,596)
Charge-offs	—	—
Principal paydowns	—	(44)
Totals at March 31, 2022	40	$	4,340

The allowance for credit losses attributable to restructured loans was $69 and $167 at March 31, 2022 and March 31, 2021, respectively. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022, as compared to $153 in remaining availability at March 31, 2021.

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	629	$	6,149	$	33,798	$	67,658	$	1,134	$	109,368
Pass	—		—		—		629		5,569		25,590		66,049		740		98,577
Special Mention	—		—		—		—		239		—		—		—		239
Substandard	—		—		—		—		341		8,208		1,609		394		10,552
Real Estate - Construction	$	—	$	—	$	—	$	—	$	575	$	4,549	$	—	$	—	$	5,124
Residential	$	—	$	—	$	—	$	—	$	575	$	684	$	—	$	—	$	1,259
Pass	—		—		—		—		575		684		—		—		1,259
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,865	$	—	$	—	$	3,865
Pass	—		—		—		—		—		3,865		—		—		3,865
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	152	$	9,106	$	32,889	$	903	$	191	$	43,241
Primary	$	—	$	—	$	—	$	35	$	2,317	$	12,126	$	158	$	—	$	14,636
Pass	—		—		—		35		2,317		9,148		158		—		11,658
Special Mention	—		—		—		—		—		56		—		—		56
Substandard	—		—		—		—		—		2,922		—		—		2,922
Home Equity	$	—	$	—	$	—	$	—	$	—	$	38	$	590	$	191	$	819
Pass	—		—		—		—		—		38		590		—		628
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		191		191
Rental/Investment	$	—	$	—	$	—	$	117	$	314	$	18,108	$	155	$	—	$	18,694
Pass	—		—		—		117		314		17,367		5		—		17,803
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		741		150		—		891
Land Development	$	—	$	—	$	—	$	—	$	6,475	$	2,617	$	—	$	—	$	9,092
Pass	—		—		—		—		6,475		1,285		—		—		7,760
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,332		—		—		1,332

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	322	$	49,086	$	566,330	$	1,758	$	14,136	$	631,632
Owner-Occupied	$	—	$	—	$	—	$	—	$	13,054	$	206,267	$	926	$	—	$	220,247
Pass	—		—		—		—		13,054		189,182		926		—		203,162
Special Mention	—		—		—		—		—		1,918		—		—		1,918
Substandard	—		—		—		—		—		15,167		—		—		15,167
Non-Owner Occupied	$	—	$	—	$	—	$	322	$	35,628	$	345,803	$	246	$	14,136	$	396,135
Pass	—		—		—		322		19,250		311,334		246		4,281		335,433
Special Mention	—		—		—		—		16,372		—		—		—		16,372
Substandard	—		—		—		—		6		34,469		—		9,855		44,330
Land Development	$	—	$	—	$	—	$	—	$	404	$	14,260	$	586	$	—	$	15,250
Pass	—		—		—		—		404		8,446		586		—		9,436
Special Mention	—		—		—		—		—		5,083		—		—		5,083
Substandard	—		—		—		—		—		731		—		—		731
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	—	$	1,103	$	64,916	$	637,566	$	70,319	$	15,461	$	789,365
Pass	—		—		—		1,103		47,958		566,939		68,560		5,021		689,581
Special Mention	—		—		—		—		16,611		7,057		—		—		23,668
Substandard	—		—		—		—		347		63,570		1,759		10,440		76,116

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	646	$	12,199	$	12,247	$	25,562	$	38,328	$	1,326	$	90,308
Pass	—		—		646		11,612		8,918		18,877		37,555		899		78,507
Special Mention	—		—		—		246		—		—		—		—		246
Substandard	—		—		—		341		3,329		6,685		773		427		11,555
Real Estate - Construction	$	—	$	—	$	—	$	601	$	—	$	4,393	$	—	$	—	$	4,994
Residential	$	—	$	—	$	—	$	601	$	—	$	686	$	—	$	—	$	1,287
Pass	—		—		—		601		—		686		—		—		1,287
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,707	$	—	$	—	$	3,707
Pass	—		—		—		—		—		3,707		—		—		3,707
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	—	$	—	$	152	$	10,151	$	2,781	$	32,841	$	1,476	$	201	$	47,602
Primary	$	—	$	—	$	34	$	2,485	$	1,367	$	12,336	$	161	$	—	$	16,383
Pass	—		—		34		2,485		1,367		9,408		161		—		13,455
Special Mention	—		—		—		—		—		59		—		—		59
Substandard	—		—		—		—		—		2,869		—		—		2,869
Home Equity	$	—	$	—	$	—	$	—	$	—	$	42	$	1,087	$	201	$	1,330
Pass	—		—		—		—		—		42		717		—		759
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		370		201		571
Rental/Investment	$	—	$	—	$	118	$	804	$	1,273	$	17,806	$	228	$	—	$	20,229
Pass	—		—		118		804		1,273		17,035		77		—		19,307
Special Mention	—		—		—		—		—		38		—		—		38
Substandard	—		—		—		—		—		733		151		—		884
Land Development	$	—	$	—	$	—	$	6,862	$	141	$	2,657	$	—	$	—	$	9,660
Pass	—		—		—		6,862		111		1,249		—		—		8,222
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		30		1,408		—		—		1,438
Real Estate - Commercial Mortgage	$	—	$	—	$	325	$	50,519	$	123,254	$	467,983	$	5,912	$	14,324	$	662,317
Owner-Occupied	$	—	$	—	$	—	$	13,344	$	17,621	$	200,111	$	3,056	$	—	$	234,132
Pass	—		—		—		13,344		13,888		182,779		3,056		—		213,067
Special Mention	—		—		—		—		1,553		394		—		—		1,947
Substandard	—		—		—		—		2,180		16,938		—		—		19,118
Non-Owner Occupied	$	—	$	—	$	325	$	35,887	$	103,739	$	254,080	$	2,222	$	14,324	$	410,577
Pass	—		—		325		19,510		100,682		222,048		2,222		4,418		349,205
Special Mention	—		—		—		16,370		—		359		—		—		16,729
Substandard	—		—		—		7		3,057		31,673		—		9,906		44,643
Land Development	$	—	$	—	$	—	$	1,288	$	1,894	$	13,792	$	634	$	—	$	17,608
Pass	—		—		—		1,288		1,894		7,904		634		—		11,720
Special Mention	—		—		—		—		—		5,141		—		—		5,141
Substandard	—		—		—		—		—		747		—		—		747
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	1,123	$	73,470	$	138,282	$	530,779	$	45,716	$	15,851	$	805,221
Pass	—		—		1,123		56,506		128,133		463,735		44,422		5,317		699,236
Special Mention	—		—		—		16,616		1,553		5,991		—		—		24,160
Substandard	—		—		—		348		8,596		61,053		1,294		10,534		81,825

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	200	$	1,079	$	110,964	$	39,583	$	1,325	$	153,151
Primary	$	—	$	—	$	—	$	200	$	538	$	106,613	$	—	$	76	$	107,427
Performing Loans	—		—		—		200		429		101,584		—		76		102,289
Non-Performing Loans	—		—		—		—		109		5,029		—		—		5,138
Home Equity	$	—	$	—	$	—	$	—	$	541	$	4,047	$	39,583	$	1,249	$	45,420
Performing Loans	—		—		—		—		541		3,994		39,011		1,120		44,666
Non-Performing Loans	—		—		—		—		—		53		572		129		754
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	—	$	304	$	—	$	—	$	304
Performing Loans	—		—		—		—		—		304		—		—		304
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Performing Loans	—		—		—		—		145		547		—		—		692
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	—	$	17,963	$	11,983	$	1,391	$	24	$	31,361
Performing Loans	—		—		—		—		17,959		11,912		1,378		20		31,269
Non-Performing Loans	—		—		—		—		4		71		13		4		92
Total loans not subject to risk rating	$	—	$	—	$	—	$	200	$	19,187	$	123,494	$	40,974	$	1,349	$	185,204
Performing Loans	—		—		—		200		19,074		118,341		40,389		1,216		179,220
Non-Performing Loans	—		—		—		—		113		5,153		585		133		5,984

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	202	$	1,480	$	19,988	$	101,060	$	44,086	$	1,355	$	168,171
Primary	$	—	$	—	$	202	$	938	$	17,505	$	98,961	$	—	$	81	$	117,687
Performing Loans	—		—		202		829		16,902		94,607		—		81		112,621
Non-Performing Loans	—		—		—		109		603		4,354		—		—		5,066
Home Equity	$	—	$	—	$	—	$	542	$	2,441	$	1,823	$	44,086	$	1,274	$	50,166
Performing Loans	—		—		—		542		2,441		1,769		43,700		1,141		49,593
Non-Performing Loans	—		—		—		—		—		54		386		133		573
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	42	$	276	$	—	$	—	$	318
Performing Loans	—		—		—		—		42		276		—		—		318
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Performing Loans	—		—		—		147		31		558		—		—		736
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	20,581	$	9,721	$	3,881	$	1,558	$	34	$	35,775
Performing Loans	—		—		—		20,566		9,714		3,684		1,541		23		35,528
Non-Performing Loans	—		—		—		15		7		197		17		11		247
Total loans not subject to risk rating	$	—	$	—	$	202	$	22,208	$	29,740	$	105,499	$	45,644	$	1,389	$	204,682
Performing Loans	—		—		202		22,084		29,130		100,894		45,241		1,245		198,796
Non-Performing Loans	—		—		—		124		610		4,605		403		144		5,886

XML

Purchased Loans

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural(1)	$	1,336,239	$	1,332,962
Lease financing	94,954		80,192
Real estate – construction:
Residential	305,396		300,988
Commercial	911,532		798,914
Total real estate – construction	1,216,928		1,099,902
Real estate – 1-4 family mortgage:
Primary	1,803,750		1,682,050
Home equity	424,426		423,108
Rental/investment	274,117		268,245
Land development	142,294		135,070
Total real estate – 1-4 family mortgage	2,644,587		2,508,473
Real estate – commercial mortgage:
Owner-occupied	1,318,446		1,329,219
Non-owner occupied	2,510,981		2,446,370
Land development	116,113		110,395
Total real estate – commercial mortgage	3,945,540		3,885,984
Installment loans to individuals	105,754		107,565
Gross loans	9,344,002		9,015,078
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	$	9,338,890	$	9,011,011

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, 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. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected 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
March 31, 2022
Commercial, financial, agricultural	$	1,519	$	77	$	1,329,682	$	1,331,278	$	739	$	2,875	$	1,347	$	4,961	$	1,336,239
Lease financing	—		—		94,954		94,954		—		—		—		—		94,954
Real estate – construction:
Residential	1,857		—		303,539		305,396		—		—		—		—		305,396
Commercial	—		—		911,532		911,532		—		—		—		—		911,532
Total real estate – construction	1,857		—		1,215,071		1,216,928		—		—		—		—		1,216,928
Real estate – 1-4 family mortgage:
Primary	16,852		—		1,771,806		1,788,658		4,018		6,812		4,262		15,092		1,803,750
Home equity	1,953		32		420,995		422,980		54		1,012		380		1,446		424,426
Rental/investment	562		100		272,736		273,398		16		438		265		719		274,117
Land development	332		—		141,441		141,773		—		333		188		521		142,294
Total real estate – 1-4 family mortgage	19,699		132		2,606,978		2,626,809		4,088		8,595		5,095		17,778		2,644,587
Real estate – commercial mortgage:
Owner-occupied	2,617		—		1,312,212		1,314,829		2,809		808		—		3,617		1,318,446
Non-owner occupied	662		—		2,504,698		2,505,360		—		—		5,621		5,621		2,510,981
Land development	202		—		115,582		115,784		—		292		37		329		116,113
Total real estate – commercial mortgage	3,481		—		3,932,492		3,935,973		2,809		1,100		5,658		9,567		3,945,540
Installment loans to individuals	674		—		104,813		105,487		3		20		244		267		105,754
Unearned income	—		—		(5,112)		(5,112)		—		—		—		—		(5,112)
Loans, net of unearned income	$	27,230	$	209	$	9,278,878	$	9,306,317	$	7,639	$	12,590	$	12,344	$	32,573	$	9,338,890

	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, 2021
Commercial, financial, agricultural	$	3,325	$	103	$	1,323,774	$	1,327,202	$	1,669	$	2,665	$	1,426	$	5,760	$	1,332,962
Lease financing	—		—		80,181		80,181		—		11		—		11		80,192
Real estate – construction:
Residential	1,077		—		299,911		300,988		—		—		—		—		300,988
Commercial	—		—		798,914		798,914		—		—		—		—		798,914
Total real estate – construction	1,077		—		1,098,825		1,099,902		—		—		—		—		1,099,902
Real estate – 1-4 family mortgage:
Primary	14,785		389		1,652,940		1,668,114		1,920		8,195		3,821		13,936		1,682,050
Home equity	1,468		—		420,695		422,163		182		546		217		945		423,108
Rental/investment	401		445		266,353		267,199		—		771		275		1,046		268,245
Land development	431		—		134,382		134,813		—		65		192		257		135,070
Total real estate – 1-4 family mortgage	17,085		834		2,474,370		2,492,289		2,102		9,577		4,505		16,184		2,508,473
Real estate – commercial mortgage:
Owner-occupied	720		36		1,325,776		1,326,532		163		822		1,702		2,687		1,329,219
Non-owner occupied	260		89		2,440,513		2,440,862		—		—		5,508		5,508		2,446,370
Land development	476		—		109,575		110,051		—		292		52		344		110,395
Total real estate – commercial mortgage	1,456		125		3,875,864		3,877,445		163		1,114		7,262		8,539		3,885,984
Installment loans to individuals	978		12		106,318		107,308		30		95		132		257		107,565
Unearned income	—		—		(4,067)		(4,067)		—		—		—		—		(4,067)
Loans, net of unearned income	$	23,921	$	1,074	$	8,955,265	$	8,980,260	$	3,964	$	13,462	$	13,325	$	30,751	$	9,011,011

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 March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $15,267 and $5,965 at March 31, 2022 and March 31, 2021, 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 Amortized Cost		Post- Modification Amortized Cost
Three months ended March 31, 2022
Real estate – 1-4 family mortgage:
Primary	7	$	865	$	873
Real estate – commercial mortgage:
Owner-occupied	1	6,500		6,500
Total	8	$	7,365	$	7,373
Three months ended March 31, 2021
Real estate – 1-4 family mortgage:
Primary	3	$	432	$	435
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	4	$	1,269	$	1,245

With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted 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, 2022	97	$	14,650
Additional advances or loans with concessions	8	7,403
Reductions due to:
Reclassified as nonperforming	(4)	(452)
Paid in full	(5)	(530)
Principal paydowns	—	(91)
Totals at March 31, 2022	96	$	20,980

The allowance for credit losses attributable to restructured loans was $646 and $328 at March 31, 2022 and March 31, 2021, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022 and no remaining availability at March 31, 2021.

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, if 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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	96,762	$	276,836	$	184,316	$	105,812	$	39,160	$	21,356	$	573,245	$	4,504	$	1,301,991
Pass	96,208		275,666		176,524		105,294		37,590		20,606		571,066		3,497		1,286,451
Special Mention	89		—		—		194		272		—		601		—		1,156
Substandard	465		1,170		7,792		324		1,298		750		1,578		1,007		14,384
Lease Financing Receivables	$	19,463	$	24,644	$	21,969	$	14,215	$	6,758	$	2,793	$	—	$	—	$	89,842
Pass	19,463		24,644		21,969		14,215		6,758		2,341		—		—		89,390
Special Mention	—		—		—		—		—		452		—		—		452
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	162,809	$	482,341	$	318,316	$	145,402	$	15,525	$	—	$	6,539	$	602	$	1,131,534
Residential	$	61,146	$	150,122	$	6,025	$	—	$	—	$	—	$	2,107	$	602	$	220,002
Pass	61,146		150,122		6,025		—		—		—		2,107		602		220,002
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	101,663	$	332,219	$	312,291	$	145,402	$	15,525	$	—	$	4,432	$	—	$	911,532
Pass	101,663		331,298		312,291		145,402		15,525		—		4,432		—		910,611
Special Mention	—		921		—		—		—		—		—		—		921
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	86,992	$	180,183	$	67,130	$	43,262	$	24,115	$	29,405	$	26,986	$	854	$	458,927
Primary	$	7,747	$	12,478	$	6,702	$	2,969	$	4,159	$	4,803	$	6,002	$	—	$	44,860
Pass	7,538		12,478		6,702		2,848		4,159		4,436		5,991		—		44,152
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	209		—		—		121		—		367		11		—		708
Home Equity	$	—	$	1,324	$	—	$	41	$	127	$	—	$	13,817	$	9	$	15,318
Pass	—		1,324		—		41		127		—		13,817		9		15,318
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	41,987	$	100,533	$	51,166	$	29,396	$	19,608	$	24,032	$	6,321	$	845	$	273,888
Pass	41,966		100,456		50,958		28,363		19,339		23,306		6,321		845		271,554
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	21		77		208		1,033		269		726		—		—		2,334
Land Development	$	37,258	$	65,848	$	9,262	$	10,856	$	221	$	570	$	846	$	—	$	124,861
Pass	37,258		65,848		8,974		10,832		221		570		846		—		124,549
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		288		24		—		—		—		—		312
Real Estate - Commercial Mortgage	$	398,640	$	1,095,513	$	790,229	$	608,176	$	304,844	$	578,577	$	137,549	$	19,906	$	3,933,434
Owner-Occupied	$	121,718	$	302,860	$	266,970	$	197,621	$	146,863	$	219,190	$	55,759	$	7,316	$	1,318,297

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	121,353		301,595		265,142		196,020		145,137		203,852		55,759		6,347		1,295,205
Special Mention	—		1,191		—		347		—		3,127		—		932		5,597
Substandard	365		74		1,828		1,254		1,726		12,211		—		37		17,495
Non-Owner Occupied	$	260,565	$	749,262	$	507,210	$	400,465	$	152,176	$	356,205	$	72,478	$	12,590	$	2,510,951
Pass	260,361		740,078		507,210		387,131		152,176		292,279		72,478		12,590		2,424,303
Special Mention	—		9,184		—		11,322		—		24,606		—		—		45,112
Substandard	204		—		—		2,012		—		39,320		—		—		41,536
Land Development	$	16,357	$	43,391	$	16,049	$	10,090	$	5,805	$	3,182	$	9,312	$	—	$	104,186
Pass	14,759		43,123		15,713		10,090		5,724		3,182		9,312		—		101,903
Special Mention	—		43		—		—		—		—		—		—		43
Substandard	1,598		225		336		—		81		—		—		—		2,240
Installment loans to individuals	$	73	$	—	$	—	$	37	$	—	$	—	$	—	$	—	$	110
Pass	73		—		—		37		—		—		—		—		110
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	764,739	$	2,059,517	$	1,381,960	$	916,904	$	390,402	$	632,131	$	744,319	$	25,866	$	6,915,838
Pass	761,788		2,046,632		1,371,508		900,273		386,756		550,572		742,129		23,890		6,783,548
Special Mention	89		11,339		—		11,863		272		28,185		601		932		53,281
Substandard	2,862		1,546		10,452		4,768		3,374		53,374		1,589		1,044		79,009

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	300,748	$	245,940	$	122,350	$	44,533	$	15,384	$	11,103	$	557,628	$	2,757	$	1,300,443
Pass	299,731		245,657		120,102		43,042		14,603		8,605		553,541		2,002		1,287,283
Special Mention	—		136		1,798		281		605		1,196		651		—		4,667
Substandard	1,017		147		450		1,210		176		1,302		3,436		755		8,493
Real Estate - Construction	$	461,370	$	371,694	$	174,369	$	14,813	$	—	$	—	$	3,769	$	2,428	$	1,028,443
Residential	$	210,734	$	12,598	$	—	$	—	$	—	$	—	$	3,769	$	2,428	$	229,529
Pass	210,734		12,598		—		—		—		—		3,769		2,428		229,529
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	250,636	$	359,096	$	174,369	$	14,813	$	—	$	—	$	—	$	—	$	798,914
Pass	250,636		359,096		174,369		14,813		—		—		—		—		798,914
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	205,137	$	83,038	$	60,240	$	30,044	$	28,340	$	8,846	$	25,534	$	941	$	442,120
Primary	$	15,599	$	7,698	$	3,662	$	5,985	$	4,150	$	1,066	$	4,727	$	—	$	42,887
Pass	15,599		7,698		3,496		5,985		4,066		1,057		4,716		—		42,617
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		166		—		84		9		11		—		270
Home Equity	$	1,318	$	—	$	42	$	131	$	—	$	—	$	13,615	$	10	$	15,116
Pass	1,318		—		42		131		—		—		13,615		10		15,116
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	111,006	$	61,801	$	33,734	$	23,520	$	23,890	$	7,469	$	5,554	$	931	$	267,905
Pass	110,987		60,855		32,733		23,246		23,708		7,098		5,554		931		265,112
Special Mention	—		249		—		—		—		—		—		—		249
Substandard	19		697		1,001		274		182		371		—		—		2,544
Land Development	$	77,214	$	13,539	$	22,802	$	408	$	300	$	311	$	1,638	$	—	$	116,212
Pass	74,818		13,539		22,769		408		300		311		1,638		—		113,783
Special Mention	2,396		—		—		—		—		—		—		—		2,396
Substandard	—		—		33		—		—		—		—		—		33
Real Estate - Commercial Mortgage	$	1,168,118	$	836,549	$	680,506	$	344,089	$	298,644	$	376,652	$	147,446	$	21,644	$	3,873,648
Owner-Occupied	$	312,031	$	305,686	$	220,057	$	164,345	$	140,265	$	117,767	$	59,126	$	9,748	$	1,329,025
Pass	310,736		304,555		218,447		161,521		134,410		109,577		59,126		8,036		1,306,408
Special Mention	1,210		1,131		—		—		1,733		328		—		1,712		6,114
Substandard	85		—		1,610		2,824		4,122		7,862		—		—		16,503
Non-Owner Occupied	$	809,784	$	511,803	$	449,409	$	173,123	$	155,175	$	256,133	$	79,016	$	11,896	$	2,446,339
Pass	800,348		503,009		436,062		165,843		102,446		242,665		79,016		11,896		2,341,285
Special Mention	9,235		8,794		11,356		7,280		33,176		8,024		—		—		77,865
Substandard	201		—		1,991		—		19,553		5,444		—		—		27,189
Land Development	$	46,303	$	19,060	$	11,040	$	6,621	$	3,204	$	2,752	$	9,304	$	—	$	98,284
Pass	46,034		17,030		11,040		6,569		3,204		2,752		9,304		—		95,933
Special Mention	44		—		—		—		—		—		—		—		44
Substandard	225		2,030		—		52		—		—		—		—		2,307
Installment loans to individuals	$	—	$	—	$	42	$	—	$	—	$	—	$	—	$	—	$	42
Pass	—		—		42		—		—		—		—		—		42
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,135,373	$	1,537,221	$	1,037,507	$	433,479	$	342,368	$	396,601	$	734,377	$	27,770	$	6,644,696
Pass	2,120,941		1,524,037		1,019,102		421,558		282,737		372,065		730,279		25,303		6,496,022
Special Mention	12,885		10,310		13,154		7,561		35,514		9,548		651		1,712		91,335
Substandard	1,547		2,874		5,251		4,360		24,117		14,988		3,447		755		57,339

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	24	$	—	$	—	$	—	$	4,586	$	29,638	$	—	$	34,248
Performing Loans	—		24		—		—		—		4,586		29,638		—		34,248
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Residential	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Performing Loans	7,060		70,624		6,079		1,631		—		—		—		—		85,394
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	202,102	$	576,608	$	389,909	$	182,310	$	142,482	$	284,535	$	404,747	$	2,967	$	2,185,660
Primary	$	199,643	$	566,132	$	387,647	$	181,465	$	140,891	$	283,112	$	—	$	—	$	1,758,890
Performing Loans	199,643		565,669		386,148		179,052		136,035		277,478		—		—		1,744,025
Non-Performing Loans	—		463		1,499		2,413		4,856		5,634		—		—		14,865
Home Equity	$	520	$	111	$	—	$	79	$	224	$	460	$	404,747	$	2,967	$	409,108
Performing Loans	520		111		—		79		224		388		403,926		2,413		407,661
Non-Performing Loans	—		—		—		—		—		72		821		554		1,447
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	229	$	—	$	—	$	229
Performing Loans	—		—		—		—		—		176		—		—		176
Non-Performing Loans	—		—		—		—		—		53		—		—		53
Land Development	$	1,939	$	10,365	$	2,262	$	766	$	1,367	$	734	$	—	$	—	$	17,433
Performing Loans	1,939		10,340		2,172		734		1,367		672		—		—		17,224
Non-Performing Loans	—		25		90		32		—		62		—		—		209
Real Estate - Commercial Mortgage	$	1,004	$	4,940	$	3,204	$	1,785	$	748	$	425	$	—	$	—	$	12,106
Owner-Occupied	$	—	$	—	$	135	$	14	$	—	$	—	$	—	$	—	$	149
Performing Loans	—		—		135		14		—		—		—		—		149
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	30
Performing Loans	—		—		30		—		—		—		—		—		30
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	1,004	$	4,940	$	3,039	$	1,771	$	748	$	425	$	—	$	—	$	11,927
Performing Loans	1,004		4,940		3,039		1,755		748		374		—		—		11,860
Non-Performing Loans	—		—		—		16		—		51		—		—		67
Installment loans to individuals	$	13,094	$	36,301	$	11,810	$	20,312	$	6,858	$	3,303	$	13,926	$	40	$	105,644
Performing Loans	12,981		36,285		11,783		20,265		6,848		3,252		13,926		37		105,377
Non-Performing Loans	113		16		27		47		10		51		—		3		267
Total loans not subject to risk rating	$	223,260	$	688,497	$	411,002	$	206,038	$	150,088	$	292,849	$	448,311	$	3,007	$	2,423,052
Performing Loans	223,147		687,993		409,386		203,530		145,222		286,926		447,490		2,450		2,406,144
Non-Performing Loans	113		504		1,616		2,508		4,866		5,923		821		557		16,908

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	71	$	—	$	—	$	1	$	—	$	8,983	$	23,464	$	—	$	32,519
Performing Loans	71		—		—		1		—		8,983		23,464		—		32,519
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	26,301	$	23,270	$	15,504	$	7,713	$	2,169	$	1,168	$	—	$	—	$	76,125
Performing Loans	26,301		23,270		15,504		7,713		2,167		1,159		—		—		76,114
Non-Performing Loans	—		—		—		—		2		9		—		—		11
Real Estate - Construction	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Residential	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Performing Loans	57,283		12,561		1,615		—		—		—		—		—		71,459
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	554,483	$	419,252	$	205,014	$	155,535	$	117,619	$	207,381	$	404,293	$	2,776	$	2,066,353
Primary	$	542,659	$	415,863	$	203,739	$	153,717	$	116,689	$	206,496	$	—	$	—	$	1,639,163
Performing Loans	542,053		414,931		201,273		148,649		114,669		203,416		—		—		1,624,991
Non-Performing Loans	606		932		2,466		5,068		2,020		3,080		—		—		14,172
Home Equity	$	111	$	—	$	79	$	225	$	—	$	508	$	404,293	$	2,776	$	407,992
Performing Loans	111		—		79		225		—		435		403,598		2,599		407,047
Non-Performing Loans	—		—		—		—		—		73		695		177		945
Rental/Investment	$	—	$	—	$	99	$	—	$	23	$	218	$	—	$	—	$	340
Performing Loans	—		—		99		—		23		164		—		—		286
Non-Performing Loans	—		—		—		—		—		54		—		—		54
Land Development	$	11,713	$	3,389	$	1,097	$	1,593	$	907	$	159	$	—	$	—	$	18,858
Performing Loans	11,688		3,298		1,065		1,593		832		159		—		—		18,635
Non-Performing Loans	25		91		32		—		75		—		—		—		223
Real Estate - Commercial Mortgage	$	5,265	$	3,584	$	2,082	$	800	$	468	$	137	$	—	$	—	$	12,336
Owner-Occupied	$	—	$	136	$	58	$	—	$	—	$	—	$	—	$	—	$	194
Performing Loans	—		136		58		—		—		—		—		—		194
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	31	$	—	$	—	$	—	$	—	$	—	$	—	$	31
Performing Loans	—		31		—		—		—		—		—		—		31
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	5,265	$	3,417	$	2,024	$	800	$	468	$	137	$	—	$	—	$	12,111
Performing Loans	5,265		3,417		2,008		800		468		86		—		—		12,044
Non-Performing Loans	—		—		16		—		—		51		—		—		67
Installment loans to individuals	$	44,302	$	15,436	$	23,114	$	7,717	$	1,985	$	1,917	$	13,016	$	36	$	107,523
Performing Loans	44,254		15,360		23,035		7,704		1,958		1,890		13,016		36		107,253
Non-Performing Loans	48		76		79		13		27		27		—		—		270
Total loans not subject to risk rating	$	687,705	$	474,103	$	247,329	$	171,766	$	122,241	$	219,586	$	440,773	$	2,812	$	2,366,315
Performing Loans	687,026		473,004		244,736		166,685		120,117		216,292		440,078		2,635		2,350,573
Non-Performing Loans	679		1,099		2,593		5,081		2,124		3,294		695		177		15,742

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural	$	109,368	$	90,308
Real estate – construction:
Residential	1,259		1,287
Commercial	3,865		3,707
Total real estate – construction	5,124		4,994
Real estate – 1-4 family mortgage:
Primary	122,063		134,070
Home equity	46,239		51,496
Rental/investment	18,694		20,229
Land development	9,396		9,978
Total real estate – 1-4 family mortgage	196,392		215,773
Real estate – commercial mortgage:
Owner-occupied	220,247		234,132
Non-owner occupied	396,135		410,577
Land development	15,942		18,344
Total real estate – commercial mortgage	632,324		663,053
Installment loans to individuals	31,361		35,775
Loans	$	974,569	$	1,009,903

In the first quarter of 2022, the Company acquired Southeastern Commercial Finance, LLC. The acquired loans were added to the commercial, financial, and agricultural loan category at their fair value of $28,110 at the date of acquisition. The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below.

	Carrying Amount
Purchase price of loans at acquisition	$	6,543
Allowance for credit losses at acquisition	1,648
Par value of acquired loans at acquisition	$	8,191

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
March 31, 2022
Commercial, financial, agricultural	$	316	$	—	$	100,913	$	101,229	$	203	$	1,996	$	5,940	$	8,139	$	109,368
Real estate – construction:
Residential	—		—		1,259		1,259		—		—		—		—		1,259
Commercial	—		—		3,865		3,865		—		—		—		—		3,865
Total real estate – construction	—		—		5,124		5,124		—		—		—		—		5,124
Real estate – 1-4 family mortgage:
Primary	1,224		—		115,600		116,824		981		1,706		2,552		5,239		122,063
Home equity	297		—		45,187		45,484		97		265		393		755		46,239
Rental/investment	—		—		18,635		18,635		—		—		59		59		18,694
Land development	75		—		9,321		9,396		—		—		—		—		9,396
Total real estate – 1-4 family mortgage	1,596		—		188,743		190,339		1,078		1,971		3,004		6,053		196,392
Real estate – commercial mortgage:
Owner-occupied	314		—		217,850		218,164		—		138		1,945		2,083		220,247
Non-owner occupied	54		—		393,144		393,198		2,931		—		6		2,937		396,135
Land development	—		38		15,786		15,824		—		—		118		118		15,942
Total real estate – commercial mortgage	368		38		626,780		627,186		2,931		138		2,069		5,138		632,324
Installment loans to individuals	1,107		—		30,162		31,269		16		—		76		92		31,361
Loans, net of unearned income	$	3,387	$	38	$	951,722	$	955,147	$	4,228	$	4,105	$	11,089	$	19,422	$	974,569

	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, 2021
Commercial, financial, agricultural	$	122	$	—	$	82,918	$	83,040	$	42	$	1,618	$	5,608	$	7,268	$	90,308
Real estate – construction:
Residential	—		—		1,287		1,287		—		—		—		—		1,287
Commercial	—		—		3,707		3,707		—		—		—		—		3,707
Total real estate – construction	—		—		4,994		4,994		—		—		—		—		4,994
Real estate – 1-4 family mortgage:
Primary	1,042		36		127,820		128,898		257		2,225		2,690		5,172		134,070
Home equity	149		—		50,573		50,722		—		373		401		774		51,496
Rental/investment	20		—		20,105		20,125		26		—		78		104		20,229
Land development	—		—		9,978		9,978		—		—		—		—		9,978
Total real estate – 1-4 family mortgage	1,211		36		208,476		209,723		283		2,598		3,169		6,050		215,773
Real estate – commercial mortgage:
Owner-occupied	1,511		323		230,305		232,139		—		289		1,704		1,993		234,132
Non-owner occupied	—		—		407,639		407,639		—		—		2,938		2,938		410,577
Land development	—		—		18,218		18,218		—		—		126		126		18,344
Total real estate – commercial mortgage	1,511		323		656,162		657,996		—		289		4,768		5,057		663,053
Installment loans to individuals	839		8		34,690		35,537		15		11		212		238		35,775
Loans, net of unearned income	$	3,683	$	367	$	987,240	$	991,290	$	340	$	4,516	$	13,757	$	18,613	$	1,009,903

There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $9,944 and 19,140 at March 31, 2022 and March 31, 2021, 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 March 31, 2022
Real estate – 1-4 family mortgage:
Land development	3	$	98	$	94
Three months ended March 31, 2021
Commercial, financial, agricultural	1	$	135	$	135

With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted 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, 2022	38	$	5,609
Additional advances or loans with concessions	3	110
Reclassified as performing restructured loan	3	302
Reductions due to:
Reclassified to nonperforming loans	(2)	(41)
Paid in full	(2)	(1,596)
Charge-offs	—	—
Principal paydowns	—	(44)
Totals at March 31, 2022	40	$	4,340

The allowance for credit losses attributable to restructured loans was $69 and $167 at March 31, 2022 and March 31, 2021, respectively. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022, as compared to $153 in remaining availability at March 31, 2021.

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	629	$	6,149	$	33,798	$	67,658	$	1,134	$	109,368
Pass	—		—		—		629		5,569		25,590		66,049		740		98,577
Special Mention	—		—		—		—		239		—		—		—		239
Substandard	—		—		—		—		341		8,208		1,609		394		10,552
Real Estate - Construction	$	—	$	—	$	—	$	—	$	575	$	4,549	$	—	$	—	$	5,124
Residential	$	—	$	—	$	—	$	—	$	575	$	684	$	—	$	—	$	1,259
Pass	—		—		—		—		575		684		—		—		1,259
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,865	$	—	$	—	$	3,865
Pass	—		—		—		—		—		3,865		—		—		3,865
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	152	$	9,106	$	32,889	$	903	$	191	$	43,241
Primary	$	—	$	—	$	—	$	35	$	2,317	$	12,126	$	158	$	—	$	14,636
Pass	—		—		—		35		2,317		9,148		158		—		11,658
Special Mention	—		—		—		—		—		56		—		—		56
Substandard	—		—		—		—		—		2,922		—		—		2,922
Home Equity	$	—	$	—	$	—	$	—	$	—	$	38	$	590	$	191	$	819
Pass	—		—		—		—		—		38		590		—		628
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		191		191
Rental/Investment	$	—	$	—	$	—	$	117	$	314	$	18,108	$	155	$	—	$	18,694
Pass	—		—		—		117		314		17,367		5		—		17,803
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		741		150		—		891
Land Development	$	—	$	—	$	—	$	—	$	6,475	$	2,617	$	—	$	—	$	9,092
Pass	—		—		—		—		6,475		1,285		—		—		7,760
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,332		—		—		1,332

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	322	$	49,086	$	566,330	$	1,758	$	14,136	$	631,632
Owner-Occupied	$	—	$	—	$	—	$	—	$	13,054	$	206,267	$	926	$	—	$	220,247
Pass	—		—		—		—		13,054		189,182		926		—		203,162
Special Mention	—		—		—		—		—		1,918		—		—		1,918
Substandard	—		—		—		—		—		15,167		—		—		15,167
Non-Owner Occupied	$	—	$	—	$	—	$	322	$	35,628	$	345,803	$	246	$	14,136	$	396,135
Pass	—		—		—		322		19,250		311,334		246		4,281		335,433
Special Mention	—		—		—		—		16,372		—		—		—		16,372
Substandard	—		—		—		—		6		34,469		—		9,855		44,330
Land Development	$	—	$	—	$	—	$	—	$	404	$	14,260	$	586	$	—	$	15,250
Pass	—		—		—		—		404		8,446		586		—		9,436
Special Mention	—		—		—		—		—		5,083		—		—		5,083
Substandard	—		—		—		—		—		731		—		—		731
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	—	$	1,103	$	64,916	$	637,566	$	70,319	$	15,461	$	789,365
Pass	—		—		—		1,103		47,958		566,939		68,560		5,021		689,581
Special Mention	—		—		—		—		16,611		7,057		—		—		23,668
Substandard	—		—		—		—		347		63,570		1,759		10,440		76,116

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	646	$	12,199	$	12,247	$	25,562	$	38,328	$	1,326	$	90,308
Pass	—		—		646		11,612		8,918		18,877		37,555		899		78,507
Special Mention	—		—		—		246		—		—		—		—		246
Substandard	—		—		—		341		3,329		6,685		773		427		11,555
Real Estate - Construction	$	—	$	—	$	—	$	601	$	—	$	4,393	$	—	$	—	$	4,994
Residential	$	—	$	—	$	—	$	601	$	—	$	686	$	—	$	—	$	1,287
Pass	—		—		—		601		—		686		—		—		1,287
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,707	$	—	$	—	$	3,707
Pass	—		—		—		—		—		3,707		—		—		3,707
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	—	$	—	$	152	$	10,151	$	2,781	$	32,841	$	1,476	$	201	$	47,602
Primary	$	—	$	—	$	34	$	2,485	$	1,367	$	12,336	$	161	$	—	$	16,383
Pass	—		—		34		2,485		1,367		9,408		161		—		13,455
Special Mention	—		—		—		—		—		59		—		—		59
Substandard	—		—		—		—		—		2,869		—		—		2,869
Home Equity	$	—	$	—	$	—	$	—	$	—	$	42	$	1,087	$	201	$	1,330
Pass	—		—		—		—		—		42		717		—		759
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		370		201		571
Rental/Investment	$	—	$	—	$	118	$	804	$	1,273	$	17,806	$	228	$	—	$	20,229
Pass	—		—		118		804		1,273		17,035		77		—		19,307
Special Mention	—		—		—		—		—		38		—		—		38
Substandard	—		—		—		—		—		733		151		—		884
Land Development	$	—	$	—	$	—	$	6,862	$	141	$	2,657	$	—	$	—	$	9,660
Pass	—		—		—		6,862		111		1,249		—		—		8,222
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		30		1,408		—		—		1,438
Real Estate - Commercial Mortgage	$	—	$	—	$	325	$	50,519	$	123,254	$	467,983	$	5,912	$	14,324	$	662,317
Owner-Occupied	$	—	$	—	$	—	$	13,344	$	17,621	$	200,111	$	3,056	$	—	$	234,132
Pass	—		—		—		13,344		13,888		182,779		3,056		—		213,067
Special Mention	—		—		—		—		1,553		394		—		—		1,947
Substandard	—		—		—		—		2,180		16,938		—		—		19,118
Non-Owner Occupied	$	—	$	—	$	325	$	35,887	$	103,739	$	254,080	$	2,222	$	14,324	$	410,577
Pass	—		—		325		19,510		100,682		222,048		2,222		4,418		349,205
Special Mention	—		—		—		16,370		—		359		—		—		16,729
Substandard	—		—		—		7		3,057		31,673		—		9,906		44,643
Land Development	$	—	$	—	$	—	$	1,288	$	1,894	$	13,792	$	634	$	—	$	17,608
Pass	—		—		—		1,288		1,894		7,904		634		—		11,720
Special Mention	—		—		—		—		—		5,141		—		—		5,141
Substandard	—		—		—		—		—		747		—		—		747
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	1,123	$	73,470	$	138,282	$	530,779	$	45,716	$	15,851	$	805,221
Pass	—		—		1,123		56,506		128,133		463,735		44,422		5,317		699,236
Special Mention	—		—		—		16,616		1,553		5,991		—		—		24,160
Substandard	—		—		—		348		8,596		61,053		1,294		10,534		81,825

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	200	$	1,079	$	110,964	$	39,583	$	1,325	$	153,151
Primary	$	—	$	—	$	—	$	200	$	538	$	106,613	$	—	$	76	$	107,427
Performing Loans	—		—		—		200		429		101,584		—		76		102,289
Non-Performing Loans	—		—		—		—		109		5,029		—		—		5,138
Home Equity	$	—	$	—	$	—	$	—	$	541	$	4,047	$	39,583	$	1,249	$	45,420
Performing Loans	—		—		—		—		541		3,994		39,011		1,120		44,666
Non-Performing Loans	—		—		—		—		—		53		572		129		754
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	—	$	304	$	—	$	—	$	304
Performing Loans	—		—		—		—		—		304		—		—		304
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Performing Loans	—		—		—		—		145		547		—		—		692
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	—	$	17,963	$	11,983	$	1,391	$	24	$	31,361
Performing Loans	—		—		—		—		17,959		11,912		1,378		20		31,269
Non-Performing Loans	—		—		—		—		4		71		13		4		92
Total loans not subject to risk rating	$	—	$	—	$	—	$	200	$	19,187	$	123,494	$	40,974	$	1,349	$	185,204
Performing Loans	—		—		—		200		19,074		118,341		40,389		1,216		179,220
Non-Performing Loans	—		—		—		—		113		5,153		585		133		5,984

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	202	$	1,480	$	19,988	$	101,060	$	44,086	$	1,355	$	168,171
Primary	$	—	$	—	$	202	$	938	$	17,505	$	98,961	$	—	$	81	$	117,687
Performing Loans	—		—		202		829		16,902		94,607		—		81		112,621
Non-Performing Loans	—		—		—		109		603		4,354		—		—		5,066
Home Equity	$	—	$	—	$	—	$	542	$	2,441	$	1,823	$	44,086	$	1,274	$	50,166
Performing Loans	—		—		—		542		2,441		1,769		43,700		1,141		49,593
Non-Performing Loans	—		—		—		—		—		54		386		133		573
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	42	$	276	$	—	$	—	$	318
Performing Loans	—		—		—		—		42		276		—		—		318
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Performing Loans	—		—		—		147		31		558		—		—		736
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	20,581	$	9,721	$	3,881	$	1,558	$	34	$	35,775
Performing Loans	—		—		—		20,566		9,714		3,684		1,541		23		35,528
Non-Performing Loans	—		—		—		15		7		197		17		11		247
Total loans not subject to risk rating	$	—	$	—	$	202	$	22,208	$	29,740	$	105,499	$	45,644	$	1,389	$	204,682
Performing Loans	—		—		202		22,084		29,130		100,894		45,241		1,245		198,796
Non-Performing Loans	—		—		—		124		610		4,605		403		144		5,886

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Allowance for Credit Losses

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural (1)	$	1,445,607	$	1,423,270
Lease financing	94,954		80,192
Real estate – construction:
Residential	306,655		302,275
Commercial	915,397		802,621
Total real estate – construction	1,222,052		1,104,896
Real estate – 1-4 family mortgage:
Primary	1,925,813		1,816,120
Home equity	470,665		474,604
Rental/investment	292,811		288,474
Land development	151,690		145,048
Total real estate – 1-4 family mortgage	2,840,979		2,724,246
Real estate – commercial mortgage:
Owner-occupied	1,538,693		1,563,351
Non-owner occupied	2,907,116		2,856,947
Land development	132,055		128,739
Total real estate – commercial mortgage	4,577,864		4,549,037
Installment loans to individuals	137,115		143,340
Gross loans	10,318,571		10,024,981
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	10,313,459		10,020,914
Allowance for credit losses on loans	(166,468)		(164,171)
Net loans	$	10,146,991	$	9,856,743

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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, 2021.

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 March 31, 2022 and December 31, 2021, the Company had accrued interest receivable for loans of $40,409 and $41,692, 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 $1,266 and $1,273, respectively, as of March 31, 2022 and December 31, 2021.

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 March 31, 2022
Allowance for credit losses:
Beginning balance	$	33,922	$	16,419	$	32,356	$	68,940	$	1,486	$	11,048	$	164,171
Impact of PCD loans acquired during the period	1,648		—		—		—		—		—		1,648
Charge-offs	(2,102)		—		(163)		(6)		(7)		(779)		(3,057)
Recoveries	1,136		—		178		155		12		725		2,206
Net (charge-offs) recoveries	(966)		—		15		149		5		(54)		(851)
Provision for credit losses on loans	(998)		1,992		4,477		(3,858)		91		(204)		1,500
Ending balance	$	33,606	$	18,411	$	36,848	$	65,231	$	1,582	$	10,790	$	166,468
Period-End Amount Allocated to:
Individually evaluated	$	9,225	$	—	$	396	$	2,660	$	—	$	570	$	12,851
Collectively evaluated	24,381		18,411		36,452		62,571		1,582		10,220		153,617
Ending balance	$	33,606	$	18,411	$	36,848	$	65,231	$	1,582	$	10,790	$	166,468
Loans:
Individually evaluated	$	13,070	$	—	$	4,477	$	15,464	$	—	$	570	$	33,581
Collectively evaluated	1,432,537		1,222,052		2,836,502		4,562,400		89,842		136,545		10,279,878
Ending balance	$	1,445,607	$	1,222,052	$	2,840,979	$	4,577,864	$	89,842	$	137,115	$	10,313,459
Nonaccruing loans with no allowance for credit losses	$	435	$	—	$	2,614	$	5,298	$	—	$	2	$	8,349

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended March 31, 2021
Allowance for credit losses:
Beginning balance	$	39,031	$	16,047	$	32,165	$	76,127	$	1,624	$	11,150	$	176,144
Charge-offs	(3,498)		(52)		(101)		(61)		—		(1,658)		(5,370)
Recoveries	289		13		261		171		11		1,587		2,332
Net (charge-offs) recoveries	(3,209)		(39)		160		110		11		(71)		(3,038)
Provision for credit losses on loans	1,770		(1,031)		(631)		(12)		(89)		(7)		—
Ending balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Period-End Amount Allocated to:
Individually evaluated	$	9,908	$	—	$	232	$	4,846	$	—	$	607	$	15,593
Collectively evaluated	27,684		14,977		31,462		71,379		1,546		10,465		157,513
Ending balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Loans:
Individually evaluated	$	15,435	$	—	$	6,311	$	18,508	$	—	$	621	$	40,875
Collectively evaluated	2,233,852		955,918		2,679,750		4,530,519		75,256		172,238		10,647,533
Ending balance	$	2,249,287	$	955,918	$	2,686,061	$	4,549,027	$	75,256	$	172,859	$	10,688,408
Nonaccruing loans with no allowance for credit losses	$	1,848	$	—	$	4,695	$	2,113	$	—	$	—	$	8,656

The Company recorded a provision for credit losses of $1,500 during the first quarter of 2022, as compared to no provision for credit losses recorded in the first quarter of 2021. The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. The provision activity during the current quarter was primarily driven by strong loan growth during the quarter and the acquisition of Southeastern Commercial Finance, LLC.

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, 2021.

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

Three Months Ended March 31,	2022		2021
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,035	$	20,535
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense)	(550)		—
Ending balance	$	19,485	$	20,535

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Other Real Estate Owned

3 Months Ended

Mar. 31, 2022

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
March 31, 2022
Residential real estate	$	44	$	332	$	376
Commercial real estate	39		136		175
Residential land development	291		4		295
Commercial land development	1,157		59		1,216
Total	$	1,531	$	531	$	2,062
December 31, 2021
Residential real estate	$	93	$	166	$	259
Commercial real estate	39		722		761
Residential land development	301		4		305
Commercial land development	1,156		59		1,215
Total	$	1,589	$	951	$	2,540

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

	Purchased OREO		Non Purchased OREO		Total OREO
Balance at January 1, 2022	$	1,589	$	951	$	2,540
Transfers of loans	36		164		200
Impairments	(14)		—		(14)
Dispositions	(79)		(586)		(665)
Other	(1)		2		1
Balance at March 31, 2022	$	1,531	$	531	$	2,062

At March 31, 2022 and December 31, 2021, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $2,069 and $22, 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
	March 31,
	2022		2021
Repairs and maintenance	$	3	$	20
Property taxes and insurance	35		11
Impairments	14		70
Net gains on OREO sales	(291)		(56)
Rental income	(2)		(4)
Total	$	(241)	$	41

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

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 three months ended March 31, 2022 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2022	$	936,916	$	2,767	$	939,683
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608		—		6,608
Balance at March 31, 2022	$	943,524	$	2,767	$	946,291

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

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
March 31, 2022
Core deposit intangibles	$	82,492	$	(60,720)	$	21,772
Customer relationship intangible	2,470		(1,511)		959
Total finite-lived intangible assets	$	84,962	$	(62,231)	$	22,731
December 31, 2021
Core deposit intangibles	$	82,492	$	(59,399)	$	23,093
Customer relationship intangible	2,470		(1,465)		1,005
Total finite-lived intangible assets	$	84,962	$	(60,864)	$	24,098

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

	Three Months Ended
	March 31,
	2022		2021
Amortization expense for:
Core deposit intangibles	$	1,321	$	1,553
Customer relationship intangible	45		45
Total intangible amortization	$	1,366	$	1,598

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2022 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2022	$	4,941	$	181	$	5,122
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,102		181		3,283
2026	2,899		138		3,037

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Mortgage Servicing Rights

3 Months Ended

Mar. 31, 2022

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, an increase in mortgage interest rates or a decrease in actual prepayment speeds may cause positive 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 no valuation adjustment on MSRs during the three months ended March 31, 2022. During the three months ended March 31, 2021, there was a positive valuation adjustment of $13,561 which was caused primarily by an increase in mortgage interest rates and a corresponding decrease in actual prepayment speeds.

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2022	$	89,018
Capitalization	6,603
Amortization	(3,891)
Balance at March 31, 2022	$	91,730

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

	March 31, 2022			December 31, 2021
Unpaid principal balance	$	8,931,901		$	8,728,629
Weighted-average prepayment speed (CPR)	6.71		%	10.56		%
Estimated impact of a 10% increase	$	(5,883)		$	(3,875)
Estimated impact of a 20% increase	(11,291)			(7,464)
Discount rate	9.68		%	9.82		%
Estimated impact of a 10% increase	$	(1,477)		$	(4,153)
Estimated impact of a 20% increase	(3,264)			(8,119)
Weighted-average coupon interest rate	3.27		%	3.29		%
Weighted-average servicing fee (basis points)	30.47			30.37
Weighted-average remaining maturity (in years)	8.46			6.69

The Company recorded servicing fees of $4,423 and $4,071 for the three months ended March 31, 2022 and 2021, 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

3 Months Ended

Mar. 31, 2022

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
	March 31,				March 31,
	2022		2021		2022		2021
Service cost	$	—	$	—	$	1	$	1
Interest cost	184		166		3		4
Expected return on plan assets	(421)		(443)		—		—
Recognized actuarial loss (gain)	61		54		(19)		—
Net periodic (return) benefit cost	$	(176)	$	(223)	$	(15)	$	5

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 three months ended March 31, 2022 or 2021. There were no stock options outstanding as of March 31, 2022.

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 three months ended March 31, 2022:

	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	146,561	$	34.67	603,714	$	34.48
Awarded	63,308	38.62		252,719	38.32
Vested	—	—		(139,711)	31.08
Cancelled	—	—		(2,000)	35.85
Nonvested at end of period	209,869	$	35.86	714,722	$	36.50

During the three months ended March 31, 2022, the Company reissued 124,433 shares from treasury in connection with awards of restricted stock. The Company recorded total stock-based compensation expense of $3,338 and $2,756 for the three months ended March 31, 2022 and 2021, respectively.

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Derivative Instruments

3 Months Ended

Mar. 31, 2022

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	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate contracts	Other Assets	$	179,648	$	3,662	$	185,447	$	4,711
Interest rate lock commitments	Other Assets	130,896		2,032		310,941		5,304
Forward commitments	Other Assets	436,000		10,216		280,000		667
Totals		$	746,544	$	15,910	$	776,388	$	10,682
Derivative liabilities:
Interest rate contracts	Other Liabilities	$	179,648	$	3,662	$	185,447	$	4,711
Interest rate lock commitments	Other Liabilities	160,820		2,594		19,961		43
Forward commitments	Other Liabilities	35,000		97		320,000		736
Totals		$	375,468	$	6,353	$	525,408	$	5,490

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 March 31,
	2022		2021
Interest rate contracts:
Included in interest income on loans	$	305	$	370
Interest rate lock commitments:
Included in mortgage banking income	(5,823)		(8,322)
Forward commitments
Included in mortgage banking income	10,188		18,803
Total	$	4,670	$	10,851

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 March 31, 2022, 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	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate swaps	Other Assets	$	100,000	$	13,486	$	100,000	$	7,016
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	30,000	$	816	$	62,000	$	2,902

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 three months ended March 31, 2022 or 2021. The impact on other comprehensive income for the three months ended March 31, 2022 and 2021 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	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	100,000	$	11,754	$	100,000	$	5,411

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 March 31,
	Location	2022		2021
Derivative liabilities:
Interest rate swaps - subordinated notes	Interest Expense	$	(6,343)	$	(7,650)
Derivative liabilities - hedged items:
Interest rate swaps - subordinated notes	Interest Expense	$	6,343	$	7,650

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	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Long-term debt	$	86,786	$	93,085	$	11,754	$	5,411

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
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	26,694	$	8,007	$	13,337	$	13,436
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	26,694		8,007		13,337		13,436
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	12,382		7,208		12,382		7,208
Financial collateral pledged	—		—		955		6,228
Net amounts	$	14,312	$	799	$	—	$	—

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Income Taxes

3 Months Ended

Mar. 31, 2022

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.

	March 31,		December 31,
	2022		2021
Deferred tax assets
Allowance for credit losses	$	50,421	$	50,712
Loans	2,602		2,855
Deferred compensation	10,777		14,522
Net unrealized losses on securities	35,769		3,545
Impairment of assets	394		392
Net operating loss carryforwards	1,035		1,211
Investment in partnerships	930		890
Lease liabilities under operating leases	15,423		17,106
Other	4,179		3,241
Total deferred tax assets	121,530		94,474
Deferred tax liabilities
Fixed assets	5,734		5,339
Mortgage servicing rights	21,470		20,779
Junior subordinated debt	2,093		2,130
Intangibles	3,005		3,177
Lease right-of-use asset	14,696		16,209
Other	1,722		1,607
Total deferred tax liabilities	48,720		49,241
Net deferred tax assets	$	72,810	$	45,233

For the three months ended March 31, 2022 and 2021, the Company recorded a provision for income taxes totaling $7,935 and $16,842, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences.

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, 2018 through December 31, 2020.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2022

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 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 and mortgage-backed 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
March 31, 2022
Financial assets:
Securities available for sale	$	—	$	2,405,316	$	—	$	2,405,316
Derivative instruments	—		29,396		—		29,396
Mortgage loans held for sale in loans held for sale	—		280,464		—		280,464
Total financial assets	$	—	$	2,715,176	$	—	$	2,715,176
Financial liabilities:
Derivative instruments:	$	—	$	18,923	$	—	$	18,923

	Level 1		Level 2		Level 3		Totals
December 31, 2021
Financial assets:
Securities available for sale	—		2,386,052		—		2,386,052
Derivative instruments	—		17,698		—		17,698
Mortgage loans held for sale in loans held for sale	—		453,533		—		453,533
Total financial assets	$	—	$	2,857,283	$	—	$	2,857,283
Financial liabilities:
Derivative instruments	$	—	$	13,803	$	—	$	13,803

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 three months ended March 31, 2022.

The following table provides 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
Three Months Ended March 31, 2022	Trust preferred securities
Three Months Ended March 31,
Balance at beginning of period	$	9,012
Accretion included in net income	7
Unrealized losses included in other comprehensive income	941
Realized losses	2,061
Sales	(12,021)
Balance at end of period	$	—

For each of the three months ended March 31, 2022 and 2021, 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:

March 31, 2022	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	3,111	$	3,111
OREO	—		—		2,062		2,062
Total	$	—	$	—	$	5,173	$	5,173

December 31, 2021	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	7,928	$	7,928
OREO	—		—		2,540		2,540
Total	$	—	$	—	$	10,468	$	10,468

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 $6,466 and $12,939 at March 31, 2022 and December 31, 2021, respectively, and a specific reserve for these loans of $3,355 and $5,011 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:

	March 31, 2022		December 31, 2021
Carrying amount prior to remeasurement	$	2,076	$	2,556
Impairment recognized in results of operations	(14)		(16)
Fair value	$	2,062	$	2,540

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 March 31, 2022 and December 31, 2021. There were no valuation adjustments on MSRs during the three months ended March 31, 2022 and $13,561 of positive valuation adjustments recognized during the three months ended March 31, 2021.

The following table presents information as of March 31, 2022 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	$	3,111	Appraised value of collateral less estimated costs to sell	Estimated costs to sell	4-10%
OREO	$	2,062	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 $13,021 and $12,231 resulting from fair value changes of these mortgage loans were recorded in income during the three months ended March 31, 2022 and 2021, 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 March 31, 2022 and December 31, 2021:

	Aggregate Fair Value		Aggregate Unpaid Principal Balance		Difference
March 31, 2022
Mortgage loans held for sale measured at fair value	$	280,464	$	281,669	$	(1,205)
December 31, 2021
Mortgage loans held for sale measured at fair value	$	453,533	$	441,717	$	11,816

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 March 31, 2022	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,607,493	$	1,607,493	$	—	$	—	$	1,607,493
Securities available for sale	2,405,316		—		2,405,316		—		2,405,316
Loans held for sale	280,464		—		280,464		—		280,464
Loans, net	10,146,991		—		—		9,860,650		9,860,650
Mortgage servicing rights	91,730		—		—		131,896		131,896
Derivative instruments	29,396		—		29,396		—		29,396
Financial liabilities
Deposits	$	13,990,897	$	12,650,868	$	1,321,023	$	—	$	13,971,891
Short-term borrowings	111,279		111,279		—		—		111,279
Federal Home Loan Bank advances	408		—		409		—		409
Junior subordinated debentures	111,518		—		104,427		—		104,427
Subordinated notes	323,490		—		322,900		—		322,900
Derivative instruments	18,923		—		18,923		—		18,923

			Fair Value
As of December 31, 2021	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,877,965	$	1,877,965	$	—	$	—	$	1,877,965
Securities available for sale	2,386,052		—		2,386,052		—		2,386,052
Loans held for sale	453,533		—		453,533		—		453,533
Loans, net	9,856,743		—		—		9,690,604		9,690,604
Mortgage servicing rights	89,018		—		—		99,425		99,425
Derivative instruments	17,698		—		17,698		—		17,698
Financial liabilities
Deposits	$	13,905,724	$	12,494,342	$	1,408,397	$	—	$	13,902,739
Short-term borrowings	13,947		13,947		—		—		13,947
Federal Home Loan Bank advances	417		—		422		—		422
Junior subordinated debentures	111,373		—		106,682		—		106,682
Subordinated notes	359,419		—		373,950		—		373,950
Derivative instruments	13,803		—		13,803		—		13,803

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Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(134,756)	$	(34,294)	$	(100,462)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(99)		(25)		(74)
Total securities available for sale	(134,855)		(34,319)		(100,536)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,556		2,177		6,379
Total derivative instruments	8,556		2,177		6,379
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	42		11		31
Total defined benefit pension and post-retirement benefit plans	42		11		31
Total other comprehensive loss	$	(126,257)	$	(32,131)	$	(94,126)
Three months ended March 31, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(20,044)	$	(5,101)	$	(14,943)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(21,401)		(5,446)		(15,955)
Derivative instruments:
Unrealized holding gains on derivative instruments	14,734		3,750		10,984
Total derivative instruments	14,734		3,750		10,984
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	54		12		42
Total defined benefit pension and post-retirement benefit plans	54		12		42
Total other comprehensive loss	$	(6,613)	$	(1,684)	$	(4,929)

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

	March 31, 2022		December 31, 2021
Unrealized losses on securities	$	(109,652)	$	(9,116)
Unrealized gains on derivative instruments	10,342		3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,259)		(5,290)
Total accumulated other comprehensive loss	$	(104,569)	$	(10,443)

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Net Income Per Common Share

3 Months Ended

Mar. 31, 2022

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, 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
	March 31,
	2022		2021
Basic
Net income applicable to common stock	$	33,547	$	57,908
Average common shares outstanding	55,809,192		56,240,201
Net income per common share - basic	$	0.60	$	1.03
Diluted
Net income applicable to common stock	$	33,547	$	57,908
Average common shares outstanding	55,809,192		56,240,201
Effect of dilutive stock-based compensation	272,671		278,998
Average common shares outstanding - diluted	56,081,863		56,519,199
Net income per common share - diluted	$	0.60	$	1.02

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
	March 31,
	2022	2021
Number of shares	2,200	1,875

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Regulatory Matters

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022				December 31, 2021
	Amount		Ratio		Amount		Ratio
Renasant Corporation
Tier 1 Capital to Average Assets (Leverage)	$	1,424,268	9.00	%	$	1,422,077	9.15	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,316,342		10.78	%	1,314,295		11.18	%
Tier 1 Capital to Risk-Weighted Assets	1,424,268		11.67	%	1,422,077		12.10	%
Total Capital to Risk-Weighted Assets	1,892,630		15.50	%	1,897,167		16.14	%
Renasant Bank
Tier 1 Capital to Average Assets (Leverage)	$	1,581,608	10.00	%	$	1,580,904	10.18	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,581,608		12.95	%	1,580,904		13.46	%
Tier 1 Capital to Risk-Weighted Assets	1,581,608		12.95	%	1,580,904		13.46	%
Total Capital to Risk-Weighted Assets	1,714,725		14.04	%	1,697,163		14.44	%

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 March 31, 2022, 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. The three-year transitional period began on January 1, 2022

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Segment Reporting

3 Months Ended

Mar. 31, 2022

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.

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 March 31, 2022
Net interest income (loss)	$	103,932	$	93	$	490	$	(4,886)	$	99,629
Provision for credit losses	1,500		—		—		—		1,500
Noninterest income (loss)	28,306		3,097		6,505		(450)		37,458
Noninterest expense	86,871		2,116		4,755		363		94,105
Income (loss) before income taxes	43,867		1,074		2,240		(5,699)		41,482
Income tax expense (benefit)	9,131		281		—		(1,477)		7,935
Net income (loss)	$	34,736	$	793	$	2,240	$	(4,222)	$	33,547
Total assets	$	16,757,670	$	33,794	$	64,761	$	7,532	$	16,863,757
Goodwill	$	943,524	$	2,767	$	—	$	—	$	946,291
Three months ended March 31, 2021
Net interest income (loss)	$	112,948	$	107	$	384	$	(3,791)	$	109,648
Provision for credit losses	—		—		—		—		—
Noninterest income (loss)	73,070		3,248		5,171		(452)		81,037
Noninterest expense (benefit)	109,586		1,923		4,101		325		115,935
Income (loss) before income taxes	76,432		1,432		1,454		(4,568)		74,750
Income tax expense (benefit)	17,656		367		—		(1,181)		16,842
Net income (loss)	$	58,776	$	1,065	$	1,454	$	(3,387)	$	57,908
Total assets	$	15,525,500	$	31,004	$	64,320	$	1,747	$	15,622,571
Goodwill	$	936,916	$	2,767	$	—	$	—	$	939,683

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2022

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, 2021 filed with the Securities and Exchange Commission on February 25, 2022.

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 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method” (“ASU 2022-01”), which expands the last-of-layer method (which previously allowed entities to hedge exposure of a closed portfolio of prepayable financial assets to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults and other events impacting the timing and amount of cash flows on only one hedged layer) to the portfolio layer method which allows for multiple hedged layers in a single closed portfolio. ASU 2022-01 also expands the scope to include non-prepayable financial assets, specifies eligible hedging instruments in a single layer hedge, provides guidance on the accounting for and disclosure of hedge basis adjustment under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for assets included in a closed portfolio. ASU 2022-01 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. ASU 2022-01 is not expected to have a significant impact on the Company’s financial statements.

In March 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, “Receivables - Troubled Debt Restructurings by Creditors,” while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. ASU 2022-02 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. The adoption of this accounting pronouncement will have no impact on the Company’s financial statements aside from additional and revised disclosures.

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Securities (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 or December 31, 2021.

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2022
U.S. Treasury securities	$	2,000	$	—	$	—	$	2,000
Obligations of states and political subdivisions	161,565		1,117		(5,205)		157,477
Residential mortgage backed securities:
Government agency mortgage backed securities	969,140		1,249		(48,493)		921,896
Government agency collateralized mortgage obligations	1,094,043		5		(83,591)		1,010,457
Commercial mortgage backed securities:
Government agency mortgage backed securities	11,277		—		(371)		10,906
Government agency collateralized mortgage obligations	221,955		87		(12,852)		209,190
Other debt securities	94,996		385		(1,991)		93,390
	$	2,554,976	$	2,843	$	(152,503)	$	2,405,316

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2021
U.S. Treasury securities	$	3,007	$	3	$	—	$	3,010
Obligations of other U.S. Government agencies and corporations	153,847		5,532		(269)		159,110
Obligations of states and political subdivisions	—		—		—		—
Residential mortgage backed securities:
Government agency mortgage backed securities	967,497		7,854		(6,816)		968,535
Government agency collateralized mortgage obligations	1,008,514		457		(20,371)		988,600
Commercial mortgage backed securities:
Government agency mortgage backed securities	14,717		365		(1)		15,081
Government agency collateralized mortgage obligations	216,859		812		(3,419)		214,252
Trust preferred securities	—		—		—		—
Other debt securities	36,515		1,097		(148)		37,464
	$	2,400,956	$	16,120	$	(31,024)	$	2,386,052

The amortized cost and fair value of securities held to maturity were as follows as of the dates presented:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2022
Obligations of states and political subdivisions	$	290,588	$	—	$	(26,969)	$	263,619
Residential mortgage backed securities
Government agency mortgage backed securities	95,369		—		(3,943)		91,426
Government agency collateralized mortgage obligations	23,403		—		(1,904)		21,499
Commercial mortgage backed securities:
Government agency mortgage backed securities	17,022		—		(1,488)		15,534
Government agency collateralized mortgage obligations	38,906		—		(2,261)		36,645
Other debt securities	21,938		—		(1,120)		20,818
	$	487,226	$	—	$	(37,685)	$	449,541
Allowance for credit losses - held to maturity securities	(32)
Held to maturity securities, net of allowance for credit losses	$	487,194

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2021
Obligations of states and political subdivisions	$	267,641	$	333	$	(685)	$	267,289
Residential mortgage backed securities
Government agency mortgage backed securities	60,507		1		(198)		60,310
Government agency collateralized mortgage obligations	24,832		—		(92)		24,740
Commercial mortgage backed securities:
Government agency mortgage backed securities	1,855		—		—		1,855
Government agency collateralized mortgage obligations	39,505		—		(117)		39,388
Other debt securities	22,049		—		(79)		21,970
	$	416,389	$	334	$	(1,171)	$	415,552
Allowance for credit losses - held to maturity securities	(32)
Held to maturity securities, net of allowance for credit losses	$	416,357

Schedule of realized gain (loss)

Securities sold during the three months ended March 31, 2021 were as set forth in the table below.

	Carrying Value		Net Proceeds		Gain/(Loss)
Three months ended March 31, 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

Gross realized gains and losses on sales of securities available for sale for the three months ended March 31, 2021 were as follows:

	Three Months Ended
	March 31,
		2021
Gross gains on sales of securities available for sale		$	3,508
Gross losses on sales of securities available for sale		(2,151)
Gains on sales of securities available for sale, net		$	1,357

Amortized cost and fair value of securities by contractual maturity

The amortized cost and fair value of securities at March 31, 2022 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.

	Held to Maturity				Available for Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	155	$	155	$	3,996	$	4,003
Due after one year through five years	2,047		1,977		37,518		37,814
Due after five years through ten years	18,244		16,884		66,830		66,946
Due after ten years	270,142		244,603		88,851		84,252
Residential mortgage backed securities:
Government agency mortgage backed securities	95,369		91,426		969,140		921,896
Government agency collateralized mortgage obligations	23,403		21,499		1,094,043		1,010,457
Commercial mortgage backed securities:
Government agency mortgage backed securities	17,022		15,534		11,277		10,906
Government agency collateralized mortgage obligations	38,906		36,645		221,955		209,190
Other debt securities	21,938		20,818		61,366		59,852
	$	487,226	$	449,541	$	2,554,976	$	2,405,316

Gross unrealized losses and fair value by investment category

The following tables present 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:
March 31, 2022
Obligations of states and political subdivisions	41	$	81,646	$	(4,767)	4	$	5,805	$	(438)	45	$	87,451	$	(5,205)
Residential mortgage backed securities:
Government agency mortgage backed securities	80	761,484		(43,653)		6	49,651		(4,840)		86	811,135		(48,493)
Government agency collateralized mortgage obligations	61	932,820		(74,437)		4	77,376		(9,154)		65	1,010,196		(83,591)
Commercial mortgage backed securities:
Government agency mortgage backed securities	3	10,481		(371)		1	425		—		4	10,906		(371)
Government agency collateralized mortgage obligations	24	150,009		(8,741)		7	40,496		(4,111)		31	190,505		(12,852)
Other debt securities	10	51,369		(1,991)		—	—		—		10	51,369		(1,991)
Total	219	$	1,987,809	$	(133,960)	22	$	173,753	$	(18,543)	241	$	2,161,562	$	(152,503)
December 31, 2021
Obligations of states and political subdivisions	8	$	34,303	$	(216)	3	$	3,892	$	(53)	11	$	38,195	$	(269)
Residential mortgage backed securities:
Government agency mortgage backed securities	41	727,546		(6,312)		1	12,305		(504)		42	739,851		(6,816)
Government agency collateralized mortgage obligations	49	966,126		(20,371)		—	—		—		49	966,126		(20,371)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	1,791		(1)		1	432		—		2	2,223		(1)
Government agency collateralized mortgage obligations	21	160,919		(3,072)		2	9,005		(347)		23	169,924		(3,419)
Trust preferred securities	—	—		—		—	—		—		—	—		—
Other debt securities	1	8,699		(148)		—	—		—		1	8,699		(148)
Total	121	$	1,899,384	$	(30,120)	7	$	25,634	$	(904)	128	$	1,925,018	$	(31,024)

	Less than 12 Months					12 Months or More					Total
	#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses		#	Fair Value		Unrealized Losses
Held to Maturity:
March 31, 2022
Obligations of states and political subdivisions	127	$	261,920	$	(26,786)	1	$	1,699	$	(183)	128	$	263,619	$	(26,969)
Residential mortgage backed securities:
Government agency mortgage backed securities	55	86,842		(3,599)		1	4,584		(344)		56	91,426		(3,943)
Government agency collateralized mortgage obligations	—	—		—		1	21,499		(1,904)		1	$	21,499	$	(1,904)
Commercial mortgage backed securities:
Government agency mortgage backed securities	1	15,534		(1,488)		—	—		—		1	$	15,534	$	(1,488)
Government agency collateralized mortgage obligations	6	31,380		(1,923)		1	5,265		(338)		7	$	36,645	$	(2,261)
Other debt securities	8	20,818		(1,120)		—	—		—		8	$	20,818	$	(1,120)
Total	197	$	416,494	$	(34,916)	4	$	33,047	$	(2,769)	201	$	449,541	$	(37,685)
December 31, 2021
Obligations of states and political subdivisions	24	$	62,131	$	(685)	—	$	—	$	—	24	$	62,131	$	(685)
Residential mortgage backed securities:
Government agency mortgage backed securities	50	53,560		(181)		1	5,354		(17)		51	58,914		(198)
Government agency collateralized mortgage obligations	1	24,740		(92)		—	—		—		1	24,740		(92)
Commercial mortgage backed securities:
Government agency collateralized mortgage obligations	7	39,388		(117)		—	—		—		7	39,388		(117)
Other debt securities	8	21,972		(79)		—	—		—		8	21,972		(79)
Total	90	$	201,791	$	(1,154)	1	$	5,354	$	(17)	91	$	207,145	$	(1,171)

XML

Non Purchased Loans (Tables)

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural(1)	$	1,336,239	$	1,332,962
Lease financing	94,954		80,192
Real estate – construction:
Residential	305,396		300,988
Commercial	911,532		798,914
Total real estate – construction	1,216,928		1,099,902
Real estate – 1-4 family mortgage:
Primary	1,803,750		1,682,050
Home equity	424,426		423,108
Rental/investment	274,117		268,245
Land development	142,294		135,070
Total real estate – 1-4 family mortgage	2,644,587		2,508,473
Real estate – commercial mortgage:
Owner-occupied	1,318,446		1,329,219
Non-owner occupied	2,510,981		2,446,370
Land development	116,113		110,395
Total real estate – commercial mortgage	3,945,540		3,885,984
Installment loans to individuals	105,754		107,565
Gross loans	9,344,002		9,015,078
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	$	9,338,890	$	9,011,011

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural	$	109,368	$	90,308
Real estate – construction:
Residential	1,259		1,287
Commercial	3,865		3,707
Total real estate – construction	5,124		4,994
Real estate – 1-4 family mortgage:
Primary	122,063		134,070
Home equity	46,239		51,496
Rental/investment	18,694		20,229
Land development	9,396		9,978
Total real estate – 1-4 family mortgage	196,392		215,773
Real estate – commercial mortgage:
Owner-occupied	220,247		234,132
Non-owner occupied	396,135		410,577
Land development	15,942		18,344
Total real estate – commercial mortgage	632,324		663,053
Installment loans to individuals	31,361		35,775
Loans	$	974,569	$	1,009,903

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural (1)	$	1,445,607	$	1,423,270
Lease financing	94,954		80,192
Real estate – construction:
Residential	306,655		302,275
Commercial	915,397		802,621
Total real estate – construction	1,222,052		1,104,896
Real estate – 1-4 family mortgage:
Primary	1,925,813		1,816,120
Home equity	470,665		474,604
Rental/investment	292,811		288,474
Land development	151,690		145,048
Total real estate – 1-4 family mortgage	2,840,979		2,724,246
Real estate – commercial mortgage:
Owner-occupied	1,538,693		1,563,351
Non-owner occupied	2,907,116		2,856,947
Land development	132,055		128,739
Total real estate – commercial mortgage	4,577,864		4,549,037
Installment loans to individuals	137,115		143,340
Gross loans	10,318,571		10,024,981
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	10,313,459		10,020,914
Allowance for credit losses on loans	(166,468)		(164,171)
Net loans	$	10,146,991	$	9,856,743

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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
March 31, 2022
Commercial, financial, agricultural	$	1,519	$	77	$	1,329,682	$	1,331,278	$	739	$	2,875	$	1,347	$	4,961	$	1,336,239
Lease financing	—		—		94,954		94,954		—		—		—		—		94,954
Real estate – construction:
Residential	1,857		—		303,539		305,396		—		—		—		—		305,396
Commercial	—		—		911,532		911,532		—		—		—		—		911,532
Total real estate – construction	1,857		—		1,215,071		1,216,928		—		—		—		—		1,216,928
Real estate – 1-4 family mortgage:
Primary	16,852		—		1,771,806		1,788,658		4,018		6,812		4,262		15,092		1,803,750
Home equity	1,953		32		420,995		422,980		54		1,012		380		1,446		424,426
Rental/investment	562		100		272,736		273,398		16		438		265		719		274,117
Land development	332		—		141,441		141,773		—		333		188		521		142,294
Total real estate – 1-4 family mortgage	19,699		132		2,606,978		2,626,809		4,088		8,595		5,095		17,778		2,644,587
Real estate – commercial mortgage:
Owner-occupied	2,617		—		1,312,212		1,314,829		2,809		808		—		3,617		1,318,446
Non-owner occupied	662		—		2,504,698		2,505,360		—		—		5,621		5,621		2,510,981
Land development	202		—		115,582		115,784		—		292		37		329		116,113
Total real estate – commercial mortgage	3,481		—		3,932,492		3,935,973		2,809		1,100		5,658		9,567		3,945,540
Installment loans to individuals	674		—		104,813		105,487		3		20		244		267		105,754
Unearned income	—		—		(5,112)		(5,112)		—		—		—		—		(5,112)
Loans, net of unearned income	$	27,230	$	209	$	9,278,878	$	9,306,317	$	7,639	$	12,590	$	12,344	$	32,573	$	9,338,890

	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, 2021
Commercial, financial, agricultural	$	3,325	$	103	$	1,323,774	$	1,327,202	$	1,669	$	2,665	$	1,426	$	5,760	$	1,332,962
Lease financing	—		—		80,181		80,181		—		11		—		11		80,192
Real estate – construction:
Residential	1,077		—		299,911		300,988		—		—		—		—		300,988
Commercial	—		—		798,914		798,914		—		—		—		—		798,914
Total real estate – construction	1,077		—		1,098,825		1,099,902		—		—		—		—		1,099,902
Real estate – 1-4 family mortgage:
Primary	14,785		389		1,652,940		1,668,114		1,920		8,195		3,821		13,936		1,682,050
Home equity	1,468		—		420,695		422,163		182		546		217		945		423,108
Rental/investment	401		445		266,353		267,199		—		771		275		1,046		268,245
Land development	431		—		134,382		134,813		—		65		192		257		135,070
Total real estate – 1-4 family mortgage	17,085		834		2,474,370		2,492,289		2,102		9,577		4,505		16,184		2,508,473
Real estate – commercial mortgage:
Owner-occupied	720		36		1,325,776		1,326,532		163		822		1,702		2,687		1,329,219
Non-owner occupied	260		89		2,440,513		2,440,862		—		—		5,508		5,508		2,446,370
Land development	476		—		109,575		110,051		—		292		52		344		110,395
Total real estate – commercial mortgage	1,456		125		3,875,864		3,877,445		163		1,114		7,262		8,539		3,885,984
Installment loans to individuals	978		12		106,318		107,308		30		95		132		257		107,565
Unearned income	—		—		(4,067)		(4,067)		—		—		—		—		(4,067)
Loans, net of unearned income	$	23,921	$	1,074	$	8,955,265	$	8,980,260	$	3,964	$	13,462	$	13,325	$	30,751	$	9,011,011

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
March 31, 2022
Commercial, financial, agricultural	$	316	$	—	$	100,913	$	101,229	$	203	$	1,996	$	5,940	$	8,139	$	109,368
Real estate – construction:
Residential	—		—		1,259		1,259		—		—		—		—		1,259
Commercial	—		—		3,865		3,865		—		—		—		—		3,865
Total real estate – construction	—		—		5,124		5,124		—		—		—		—		5,124
Real estate – 1-4 family mortgage:
Primary	1,224		—		115,600		116,824		981		1,706		2,552		5,239		122,063
Home equity	297		—		45,187		45,484		97		265		393		755		46,239
Rental/investment	—		—		18,635		18,635		—		—		59		59		18,694
Land development	75		—		9,321		9,396		—		—		—		—		9,396
Total real estate – 1-4 family mortgage	1,596		—		188,743		190,339		1,078		1,971		3,004		6,053		196,392
Real estate – commercial mortgage:
Owner-occupied	314		—		217,850		218,164		—		138		1,945		2,083		220,247
Non-owner occupied	54		—		393,144		393,198		2,931		—		6		2,937		396,135
Land development	—		38		15,786		15,824		—		—		118		118		15,942
Total real estate – commercial mortgage	368		38		626,780		627,186		2,931		138		2,069		5,138		632,324
Installment loans to individuals	1,107		—		30,162		31,269		16		—		76		92		31,361
Loans, net of unearned income	$	3,387	$	38	$	951,722	$	955,147	$	4,228	$	4,105	$	11,089	$	19,422	$	974,569

	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, 2021
Commercial, financial, agricultural	$	122	$	—	$	82,918	$	83,040	$	42	$	1,618	$	5,608	$	7,268	$	90,308
Real estate – construction:
Residential	—		—		1,287		1,287		—		—		—		—		1,287
Commercial	—		—		3,707		3,707		—		—		—		—		3,707
Total real estate – construction	—		—		4,994		4,994		—		—		—		—		4,994
Real estate – 1-4 family mortgage:
Primary	1,042		36		127,820		128,898		257		2,225		2,690		5,172		134,070
Home equity	149		—		50,573		50,722		—		373		401		774		51,496
Rental/investment	20		—		20,105		20,125		26		—		78		104		20,229
Land development	—		—		9,978		9,978		—		—		—		—		9,978
Total real estate – 1-4 family mortgage	1,211		36		208,476		209,723		283		2,598		3,169		6,050		215,773
Real estate – commercial mortgage:
Owner-occupied	1,511		323		230,305		232,139		—		289		1,704		1,993		234,132
Non-owner occupied	—		—		407,639		407,639		—		—		2,938		2,938		410,577
Land development	—		—		18,218		18,218		—		—		126		126		18,344
Total real estate – commercial mortgage	1,511		323		656,162		657,996		—		289		4,768		5,057		663,053
Installment loans to individuals	839		8		34,690		35,537		15		11		212		238		35,775
Loans, net of unearned income	$	3,683	$	367	$	987,240	$	991,290	$	340	$	4,516	$	13,757	$	18,613	$	1,009,903

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 Amortized Cost		Post- Modification Amortized Cost
Three months ended March 31, 2022
Real estate – 1-4 family mortgage:
Primary	7	$	865	$	873
Real estate – commercial mortgage:
Owner-occupied	1	6,500		6,500
Total	8	$	7,365	$	7,373
Three months ended March 31, 2021
Real estate – 1-4 family mortgage:
Primary	3	$	432	$	435
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	4	$	1,269	$	1,245

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 March 31, 2022
Real estate – 1-4 family mortgage:
Land development	3	$	98	$	94
Three months ended March 31, 2021
Commercial, financial, agricultural	1	$	135	$	135

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, 2022	97	$	14,650
Additional advances or loans with concessions	8	7,403
Reductions due to:
Reclassified as nonperforming	(4)	(452)
Paid in full	(5)	(530)
Principal paydowns	—	(91)
Totals at March 31, 2022	96	$	20,980

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

	Number of Loans	Recorded Investment
Totals at January 1, 2022	38	$	5,609
Additional advances or loans with concessions	3	110
Reclassified as performing restructured loan	3	302
Reductions due to:
Reclassified to nonperforming loans	(2)	(41)
Paid in full	(2)	(1,596)
Charge-offs	—	—
Principal paydowns	—	(44)
Totals at March 31, 2022	40	$	4,340

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	96,762	$	276,836	$	184,316	$	105,812	$	39,160	$	21,356	$	573,245	$	4,504	$	1,301,991
Pass	96,208		275,666		176,524		105,294		37,590		20,606		571,066		3,497		1,286,451
Special Mention	89		—		—		194		272		—		601		—		1,156
Substandard	465		1,170		7,792		324		1,298		750		1,578		1,007		14,384
Lease Financing Receivables	$	19,463	$	24,644	$	21,969	$	14,215	$	6,758	$	2,793	$	—	$	—	$	89,842
Pass	19,463		24,644		21,969		14,215		6,758		2,341		—		—		89,390
Special Mention	—		—		—		—		—		452		—		—		452
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	162,809	$	482,341	$	318,316	$	145,402	$	15,525	$	—	$	6,539	$	602	$	1,131,534
Residential	$	61,146	$	150,122	$	6,025	$	—	$	—	$	—	$	2,107	$	602	$	220,002
Pass	61,146		150,122		6,025		—		—		—		2,107		602		220,002
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	101,663	$	332,219	$	312,291	$	145,402	$	15,525	$	—	$	4,432	$	—	$	911,532
Pass	101,663		331,298		312,291		145,402		15,525		—		4,432		—		910,611
Special Mention	—		921		—		—		—		—		—		—		921
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	86,992	$	180,183	$	67,130	$	43,262	$	24,115	$	29,405	$	26,986	$	854	$	458,927
Primary	$	7,747	$	12,478	$	6,702	$	2,969	$	4,159	$	4,803	$	6,002	$	—	$	44,860
Pass	7,538		12,478		6,702		2,848		4,159		4,436		5,991		—		44,152
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	209		—		—		121		—		367		11		—		708
Home Equity	$	—	$	1,324	$	—	$	41	$	127	$	—	$	13,817	$	9	$	15,318
Pass	—		1,324		—		41		127		—		13,817		9		15,318
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	41,987	$	100,533	$	51,166	$	29,396	$	19,608	$	24,032	$	6,321	$	845	$	273,888
Pass	41,966		100,456		50,958		28,363		19,339		23,306		6,321		845		271,554
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	21		77		208		1,033		269		726		—		—		2,334
Land Development	$	37,258	$	65,848	$	9,262	$	10,856	$	221	$	570	$	846	$	—	$	124,861
Pass	37,258		65,848		8,974		10,832		221		570		846		—		124,549
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		288		24		—		—		—		—		312
Real Estate - Commercial Mortgage	$	398,640	$	1,095,513	$	790,229	$	608,176	$	304,844	$	578,577	$	137,549	$	19,906	$	3,933,434
Owner-Occupied	$	121,718	$	302,860	$	266,970	$	197,621	$	146,863	$	219,190	$	55,759	$	7,316	$	1,318,297

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	121,353		301,595		265,142		196,020		145,137		203,852		55,759		6,347		1,295,205
Special Mention	—		1,191		—		347		—		3,127		—		932		5,597
Substandard	365		74		1,828		1,254		1,726		12,211		—		37		17,495
Non-Owner Occupied	$	260,565	$	749,262	$	507,210	$	400,465	$	152,176	$	356,205	$	72,478	$	12,590	$	2,510,951
Pass	260,361		740,078		507,210		387,131		152,176		292,279		72,478		12,590		2,424,303
Special Mention	—		9,184		—		11,322		—		24,606		—		—		45,112
Substandard	204		—		—		2,012		—		39,320		—		—		41,536
Land Development	$	16,357	$	43,391	$	16,049	$	10,090	$	5,805	$	3,182	$	9,312	$	—	$	104,186
Pass	14,759		43,123		15,713		10,090		5,724		3,182		9,312		—		101,903
Special Mention	—		43		—		—		—		—		—		—		43
Substandard	1,598		225		336		—		81		—		—		—		2,240
Installment loans to individuals	$	73	$	—	$	—	$	37	$	—	$	—	$	—	$	—	$	110
Pass	73		—		—		37		—		—		—		—		110
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	764,739	$	2,059,517	$	1,381,960	$	916,904	$	390,402	$	632,131	$	744,319	$	25,866	$	6,915,838
Pass	761,788		2,046,632		1,371,508		900,273		386,756		550,572		742,129		23,890		6,783,548
Special Mention	89		11,339		—		11,863		272		28,185		601		932		53,281
Substandard	2,862		1,546		10,452		4,768		3,374		53,374		1,589		1,044		79,009

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	300,748	$	245,940	$	122,350	$	44,533	$	15,384	$	11,103	$	557,628	$	2,757	$	1,300,443
Pass	299,731		245,657		120,102		43,042		14,603		8,605		553,541		2,002		1,287,283
Special Mention	—		136		1,798		281		605		1,196		651		—		4,667
Substandard	1,017		147		450		1,210		176		1,302		3,436		755		8,493
Real Estate - Construction	$	461,370	$	371,694	$	174,369	$	14,813	$	—	$	—	$	3,769	$	2,428	$	1,028,443
Residential	$	210,734	$	12,598	$	—	$	—	$	—	$	—	$	3,769	$	2,428	$	229,529
Pass	210,734		12,598		—		—		—		—		3,769		2,428		229,529
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	250,636	$	359,096	$	174,369	$	14,813	$	—	$	—	$	—	$	—	$	798,914
Pass	250,636		359,096		174,369		14,813		—		—		—		—		798,914
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	205,137	$	83,038	$	60,240	$	30,044	$	28,340	$	8,846	$	25,534	$	941	$	442,120
Primary	$	15,599	$	7,698	$	3,662	$	5,985	$	4,150	$	1,066	$	4,727	$	—	$	42,887
Pass	15,599		7,698		3,496		5,985		4,066		1,057		4,716		—		42,617
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		166		—		84		9		11		—		270
Home Equity	$	1,318	$	—	$	42	$	131	$	—	$	—	$	13,615	$	10	$	15,116
Pass	1,318		—		42		131		—		—		13,615		10		15,116
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	111,006	$	61,801	$	33,734	$	23,520	$	23,890	$	7,469	$	5,554	$	931	$	267,905
Pass	110,987		60,855		32,733		23,246		23,708		7,098		5,554		931		265,112
Special Mention	—		249		—		—		—		—		—		—		249
Substandard	19		697		1,001		274		182		371		—		—		2,544
Land Development	$	77,214	$	13,539	$	22,802	$	408	$	300	$	311	$	1,638	$	—	$	116,212
Pass	74,818		13,539		22,769		408		300		311		1,638		—		113,783
Special Mention	2,396		—		—		—		—		—		—		—		2,396
Substandard	—		—		33		—		—		—		—		—		33
Real Estate - Commercial Mortgage	$	1,168,118	$	836,549	$	680,506	$	344,089	$	298,644	$	376,652	$	147,446	$	21,644	$	3,873,648
Owner-Occupied	$	312,031	$	305,686	$	220,057	$	164,345	$	140,265	$	117,767	$	59,126	$	9,748	$	1,329,025
Pass	310,736		304,555		218,447		161,521		134,410		109,577		59,126		8,036		1,306,408
Special Mention	1,210		1,131		—		—		1,733		328		—		1,712		6,114
Substandard	85		—		1,610		2,824		4,122		7,862		—		—		16,503
Non-Owner Occupied	$	809,784	$	511,803	$	449,409	$	173,123	$	155,175	$	256,133	$	79,016	$	11,896	$	2,446,339
Pass	800,348		503,009		436,062		165,843		102,446		242,665		79,016		11,896		2,341,285
Special Mention	9,235		8,794		11,356		7,280		33,176		8,024		—		—		77,865
Substandard	201		—		1,991		—		19,553		5,444		—		—		27,189
Land Development	$	46,303	$	19,060	$	11,040	$	6,621	$	3,204	$	2,752	$	9,304	$	—	$	98,284
Pass	46,034		17,030		11,040		6,569		3,204		2,752		9,304		—		95,933
Special Mention	44		—		—		—		—		—		—		—		44
Substandard	225		2,030		—		52		—		—		—		—		2,307
Installment loans to individuals	$	—	$	—	$	42	$	—	$	—	$	—	$	—	$	—	$	42
Pass	—		—		42		—		—		—		—		—		42
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,135,373	$	1,537,221	$	1,037,507	$	433,479	$	342,368	$	396,601	$	734,377	$	27,770	$	6,644,696
Pass	2,120,941		1,524,037		1,019,102		421,558		282,737		372,065		730,279		25,303		6,496,022
Special Mention	12,885		10,310		13,154		7,561		35,514		9,548		651		1,712		91,335
Substandard	1,547		2,874		5,251		4,360		24,117		14,988		3,447		755		57,339

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	24	$	—	$	—	$	—	$	4,586	$	29,638	$	—	$	34,248
Performing Loans	—		24		—		—		—		4,586		29,638		—		34,248
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Residential	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Performing Loans	7,060		70,624		6,079		1,631		—		—		—		—		85,394
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	202,102	$	576,608	$	389,909	$	182,310	$	142,482	$	284,535	$	404,747	$	2,967	$	2,185,660
Primary	$	199,643	$	566,132	$	387,647	$	181,465	$	140,891	$	283,112	$	—	$	—	$	1,758,890
Performing Loans	199,643		565,669		386,148		179,052		136,035		277,478		—		—		1,744,025
Non-Performing Loans	—		463		1,499		2,413		4,856		5,634		—		—		14,865
Home Equity	$	520	$	111	$	—	$	79	$	224	$	460	$	404,747	$	2,967	$	409,108
Performing Loans	520		111		—		79		224		388		403,926		2,413		407,661
Non-Performing Loans	—		—		—		—		—		72		821		554		1,447
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	229	$	—	$	—	$	229
Performing Loans	—		—		—		—		—		176		—		—		176
Non-Performing Loans	—		—		—		—		—		53		—		—		53
Land Development	$	1,939	$	10,365	$	2,262	$	766	$	1,367	$	734	$	—	$	—	$	17,433
Performing Loans	1,939		10,340		2,172		734		1,367		672		—		—		17,224
Non-Performing Loans	—		25		90		32		—		62		—		—		209
Real Estate - Commercial Mortgage	$	1,004	$	4,940	$	3,204	$	1,785	$	748	$	425	$	—	$	—	$	12,106
Owner-Occupied	$	—	$	—	$	135	$	14	$	—	$	—	$	—	$	—	$	149
Performing Loans	—		—		135		14		—		—		—		—		149
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	30
Performing Loans	—		—		30		—		—		—		—		—		30
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	1,004	$	4,940	$	3,039	$	1,771	$	748	$	425	$	—	$	—	$	11,927
Performing Loans	1,004		4,940		3,039		1,755		748		374		—		—		11,860
Non-Performing Loans	—		—		—		16		—		51		—		—		67
Installment loans to individuals	$	13,094	$	36,301	$	11,810	$	20,312	$	6,858	$	3,303	$	13,926	$	40	$	105,644
Performing Loans	12,981		36,285		11,783		20,265		6,848		3,252		13,926		37		105,377
Non-Performing Loans	113		16		27		47		10		51		—		3		267
Total loans not subject to risk rating	$	223,260	$	688,497	$	411,002	$	206,038	$	150,088	$	292,849	$	448,311	$	3,007	$	2,423,052
Performing Loans	223,147		687,993		409,386		203,530		145,222		286,926		447,490		2,450		2,406,144
Non-Performing Loans	113		504		1,616		2,508		4,866		5,923		821		557		16,908

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	71	$	—	$	—	$	1	$	—	$	8,983	$	23,464	$	—	$	32,519
Performing Loans	71		—		—		1		—		8,983		23,464		—		32,519
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	26,301	$	23,270	$	15,504	$	7,713	$	2,169	$	1,168	$	—	$	—	$	76,125
Performing Loans	26,301		23,270		15,504		7,713		2,167		1,159		—		—		76,114
Non-Performing Loans	—		—		—		—		2		9		—		—		11
Real Estate - Construction	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Residential	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Performing Loans	57,283		12,561		1,615		—		—		—		—		—		71,459
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	554,483	$	419,252	$	205,014	$	155,535	$	117,619	$	207,381	$	404,293	$	2,776	$	2,066,353
Primary	$	542,659	$	415,863	$	203,739	$	153,717	$	116,689	$	206,496	$	—	$	—	$	1,639,163
Performing Loans	542,053		414,931		201,273		148,649		114,669		203,416		—		—		1,624,991
Non-Performing Loans	606		932		2,466		5,068		2,020		3,080		—		—		14,172
Home Equity	$	111	$	—	$	79	$	225	$	—	$	508	$	404,293	$	2,776	$	407,992
Performing Loans	111		—		79		225		—		435		403,598		2,599		407,047
Non-Performing Loans	—		—		—		—		—		73		695		177		945
Rental/Investment	$	—	$	—	$	99	$	—	$	23	$	218	$	—	$	—	$	340
Performing Loans	—		—		99		—		23		164		—		—		286
Non-Performing Loans	—		—		—		—		—		54		—		—		54
Land Development	$	11,713	$	3,389	$	1,097	$	1,593	$	907	$	159	$	—	$	—	$	18,858
Performing Loans	11,688		3,298		1,065		1,593		832		159		—		—		18,635
Non-Performing Loans	25		91		32		—		75		—		—		—		223
Real Estate - Commercial Mortgage	$	5,265	$	3,584	$	2,082	$	800	$	468	$	137	$	—	$	—	$	12,336
Owner-Occupied	$	—	$	136	$	58	$	—	$	—	$	—	$	—	$	—	$	194
Performing Loans	—		136		58		—		—		—		—		—		194
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	31	$	—	$	—	$	—	$	—	$	—	$	—	$	31
Performing Loans	—		31		—		—		—		—		—		—		31
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	5,265	$	3,417	$	2,024	$	800	$	468	$	137	$	—	$	—	$	12,111
Performing Loans	5,265		3,417		2,008		800		468		86		—		—		12,044
Non-Performing Loans	—		—		16		—		—		51		—		—		67
Installment loans to individuals	$	44,302	$	15,436	$	23,114	$	7,717	$	1,985	$	1,917	$	13,016	$	36	$	107,523
Performing Loans	44,254		15,360		23,035		7,704		1,958		1,890		13,016		36		107,253
Non-Performing Loans	48		76		79		13		27		27		—		—		270
Total loans not subject to risk rating	$	687,705	$	474,103	$	247,329	$	171,766	$	122,241	$	219,586	$	440,773	$	2,812	$	2,366,315
Performing Loans	687,026		473,004		244,736		166,685		120,117		216,292		440,078		2,635		2,350,573
Non-Performing Loans	679		1,099		2,593		5,081		2,124		3,294		695		177		15,742

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	629	$	6,149	$	33,798	$	67,658	$	1,134	$	109,368
Pass	—		—		—		629		5,569		25,590		66,049		740		98,577
Special Mention	—		—		—		—		239		—		—		—		239
Substandard	—		—		—		—		341		8,208		1,609		394		10,552
Real Estate - Construction	$	—	$	—	$	—	$	—	$	575	$	4,549	$	—	$	—	$	5,124
Residential	$	—	$	—	$	—	$	—	$	575	$	684	$	—	$	—	$	1,259
Pass	—		—		—		—		575		684		—		—		1,259
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,865	$	—	$	—	$	3,865
Pass	—		—		—		—		—		3,865		—		—		3,865
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	152	$	9,106	$	32,889	$	903	$	191	$	43,241
Primary	$	—	$	—	$	—	$	35	$	2,317	$	12,126	$	158	$	—	$	14,636
Pass	—		—		—		35		2,317		9,148		158		—		11,658
Special Mention	—		—		—		—		—		56		—		—		56
Substandard	—		—		—		—		—		2,922		—		—		2,922
Home Equity	$	—	$	—	$	—	$	—	$	—	$	38	$	590	$	191	$	819
Pass	—		—		—		—		—		38		590		—		628
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		191		191
Rental/Investment	$	—	$	—	$	—	$	117	$	314	$	18,108	$	155	$	—	$	18,694
Pass	—		—		—		117		314		17,367		5		—		17,803
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		741		150		—		891
Land Development	$	—	$	—	$	—	$	—	$	6,475	$	2,617	$	—	$	—	$	9,092
Pass	—		—		—		—		6,475		1,285		—		—		7,760
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,332		—		—		1,332

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	322	$	49,086	$	566,330	$	1,758	$	14,136	$	631,632
Owner-Occupied	$	—	$	—	$	—	$	—	$	13,054	$	206,267	$	926	$	—	$	220,247
Pass	—		—		—		—		13,054		189,182		926		—		203,162
Special Mention	—		—		—		—		—		1,918		—		—		1,918
Substandard	—		—		—		—		—		15,167		—		—		15,167
Non-Owner Occupied	$	—	$	—	$	—	$	322	$	35,628	$	345,803	$	246	$	14,136	$	396,135
Pass	—		—		—		322		19,250		311,334		246		4,281		335,433
Special Mention	—		—		—		—		16,372		—		—		—		16,372
Substandard	—		—		—		—		6		34,469		—		9,855		44,330
Land Development	$	—	$	—	$	—	$	—	$	404	$	14,260	$	586	$	—	$	15,250
Pass	—		—		—		—		404		8,446		586		—		9,436
Special Mention	—		—		—		—		—		5,083		—		—		5,083
Substandard	—		—		—		—		—		731		—		—		731
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	—	$	1,103	$	64,916	$	637,566	$	70,319	$	15,461	$	789,365
Pass	—		—		—		1,103		47,958		566,939		68,560		5,021		689,581
Special Mention	—		—		—		—		16,611		7,057		—		—		23,668
Substandard	—		—		—		—		347		63,570		1,759		10,440		76,116

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	646	$	12,199	$	12,247	$	25,562	$	38,328	$	1,326	$	90,308
Pass	—		—		646		11,612		8,918		18,877		37,555		899		78,507
Special Mention	—		—		—		246		—		—		—		—		246
Substandard	—		—		—		341		3,329		6,685		773		427		11,555
Real Estate - Construction	$	—	$	—	$	—	$	601	$	—	$	4,393	$	—	$	—	$	4,994
Residential	$	—	$	—	$	—	$	601	$	—	$	686	$	—	$	—	$	1,287
Pass	—		—		—		601		—		686		—		—		1,287
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,707	$	—	$	—	$	3,707
Pass	—		—		—		—		—		3,707		—		—		3,707
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	—	$	—	$	152	$	10,151	$	2,781	$	32,841	$	1,476	$	201	$	47,602
Primary	$	—	$	—	$	34	$	2,485	$	1,367	$	12,336	$	161	$	—	$	16,383
Pass	—		—		34		2,485		1,367		9,408		161		—		13,455
Special Mention	—		—		—		—		—		59		—		—		59
Substandard	—		—		—		—		—		2,869		—		—		2,869
Home Equity	$	—	$	—	$	—	$	—	$	—	$	42	$	1,087	$	201	$	1,330
Pass	—		—		—		—		—		42		717		—		759
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		370		201		571
Rental/Investment	$	—	$	—	$	118	$	804	$	1,273	$	17,806	$	228	$	—	$	20,229
Pass	—		—		118		804		1,273		17,035		77		—		19,307
Special Mention	—		—		—		—		—		38		—		—		38
Substandard	—		—		—		—		—		733		151		—		884
Land Development	$	—	$	—	$	—	$	6,862	$	141	$	2,657	$	—	$	—	$	9,660
Pass	—		—		—		6,862		111		1,249		—		—		8,222
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		30		1,408		—		—		1,438
Real Estate - Commercial Mortgage	$	—	$	—	$	325	$	50,519	$	123,254	$	467,983	$	5,912	$	14,324	$	662,317
Owner-Occupied	$	—	$	—	$	—	$	13,344	$	17,621	$	200,111	$	3,056	$	—	$	234,132
Pass	—		—		—		13,344		13,888		182,779		3,056		—		213,067
Special Mention	—		—		—		—		1,553		394		—		—		1,947
Substandard	—		—		—		—		2,180		16,938		—		—		19,118
Non-Owner Occupied	$	—	$	—	$	325	$	35,887	$	103,739	$	254,080	$	2,222	$	14,324	$	410,577
Pass	—		—		325		19,510		100,682		222,048		2,222		4,418		349,205
Special Mention	—		—		—		16,370		—		359		—		—		16,729
Substandard	—		—		—		7		3,057		31,673		—		9,906		44,643
Land Development	$	—	$	—	$	—	$	1,288	$	1,894	$	13,792	$	634	$	—	$	17,608
Pass	—		—		—		1,288		1,894		7,904		634		—		11,720
Special Mention	—		—		—		—		—		5,141		—		—		5,141
Substandard	—		—		—		—		—		747		—		—		747
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	1,123	$	73,470	$	138,282	$	530,779	$	45,716	$	15,851	$	805,221
Pass	—		—		1,123		56,506		128,133		463,735		44,422		5,317		699,236
Special Mention	—		—		—		16,616		1,553		5,991		—		—		24,160
Substandard	—		—		—		348		8,596		61,053		1,294		10,534		81,825

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	200	$	1,079	$	110,964	$	39,583	$	1,325	$	153,151
Primary	$	—	$	—	$	—	$	200	$	538	$	106,613	$	—	$	76	$	107,427
Performing Loans	—		—		—		200		429		101,584		—		76		102,289
Non-Performing Loans	—		—		—		—		109		5,029		—		—		5,138
Home Equity	$	—	$	—	$	—	$	—	$	541	$	4,047	$	39,583	$	1,249	$	45,420
Performing Loans	—		—		—		—		541		3,994		39,011		1,120		44,666
Non-Performing Loans	—		—		—		—		—		53		572		129		754
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	—	$	304	$	—	$	—	$	304
Performing Loans	—		—		—		—		—		304		—		—		304
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Performing Loans	—		—		—		—		145		547		—		—		692
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	—	$	17,963	$	11,983	$	1,391	$	24	$	31,361
Performing Loans	—		—		—		—		17,959		11,912		1,378		20		31,269
Non-Performing Loans	—		—		—		—		4		71		13		4		92
Total loans not subject to risk rating	$	—	$	—	$	—	$	200	$	19,187	$	123,494	$	40,974	$	1,349	$	185,204
Performing Loans	—		—		—		200		19,074		118,341		40,389		1,216		179,220
Non-Performing Loans	—		—		—		—		113		5,153		585		133		5,984

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	202	$	1,480	$	19,988	$	101,060	$	44,086	$	1,355	$	168,171
Primary	$	—	$	—	$	202	$	938	$	17,505	$	98,961	$	—	$	81	$	117,687
Performing Loans	—		—		202		829		16,902		94,607		—		81		112,621
Non-Performing Loans	—		—		—		109		603		4,354		—		—		5,066
Home Equity	$	—	$	—	$	—	$	542	$	2,441	$	1,823	$	44,086	$	1,274	$	50,166
Performing Loans	—		—		—		542		2,441		1,769		43,700		1,141		49,593
Non-Performing Loans	—		—		—		—		—		54		386		133		573
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	42	$	276	$	—	$	—	$	318
Performing Loans	—		—		—		—		42		276		—		—		318
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Performing Loans	—		—		—		147		31		558		—		—		736
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	20,581	$	9,721	$	3,881	$	1,558	$	34	$	35,775
Performing Loans	—		—		—		20,566		9,714		3,684		1,541		23		35,528
Non-Performing Loans	—		—		—		15		7		197		17		11		247
Total loans not subject to risk rating	$	—	$	—	$	202	$	22,208	$	29,740	$	105,499	$	45,644	$	1,389	$	204,682
Performing Loans	—		—		202		22,084		29,130		100,894		45,241		1,245		198,796
Non-Performing Loans	—		—		—		124		610		4,605		403		144		5,886

XML

Purchased Loans (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Summary of purchased loans

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural(1)	$	1,336,239	$	1,332,962
Lease financing	94,954		80,192
Real estate – construction:
Residential	305,396		300,988
Commercial	911,532		798,914
Total real estate – construction	1,216,928		1,099,902
Real estate – 1-4 family mortgage:
Primary	1,803,750		1,682,050
Home equity	424,426		423,108
Rental/investment	274,117		268,245
Land development	142,294		135,070
Total real estate – 1-4 family mortgage	2,644,587		2,508,473
Real estate – commercial mortgage:
Owner-occupied	1,318,446		1,329,219
Non-owner occupied	2,510,981		2,446,370
Land development	116,113		110,395
Total real estate – commercial mortgage	3,945,540		3,885,984
Installment loans to individuals	105,754		107,565
Gross loans	9,344,002		9,015,078
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	$	9,338,890	$	9,011,011

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural	$	109,368	$	90,308
Real estate – construction:
Residential	1,259		1,287
Commercial	3,865		3,707
Total real estate – construction	5,124		4,994
Real estate – 1-4 family mortgage:
Primary	122,063		134,070
Home equity	46,239		51,496
Rental/investment	18,694		20,229
Land development	9,396		9,978
Total real estate – 1-4 family mortgage	196,392		215,773
Real estate – commercial mortgage:
Owner-occupied	220,247		234,132
Non-owner occupied	396,135		410,577
Land development	15,942		18,344
Total real estate – commercial mortgage	632,324		663,053
Installment loans to individuals	31,361		35,775
Loans	$	974,569	$	1,009,903

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural (1)	$	1,445,607	$	1,423,270
Lease financing	94,954		80,192
Real estate – construction:
Residential	306,655		302,275
Commercial	915,397		802,621
Total real estate – construction	1,222,052		1,104,896
Real estate – 1-4 family mortgage:
Primary	1,925,813		1,816,120
Home equity	470,665		474,604
Rental/investment	292,811		288,474
Land development	151,690		145,048
Total real estate – 1-4 family mortgage	2,840,979		2,724,246
Real estate – commercial mortgage:
Owner-occupied	1,538,693		1,563,351
Non-owner occupied	2,907,116		2,856,947
Land development	132,055		128,739
Total real estate – commercial mortgage	4,577,864		4,549,037
Installment loans to individuals	137,115		143,340
Gross loans	10,318,571		10,024,981
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	10,313,459		10,020,914
Allowance for credit losses on loans	(166,468)		(164,171)
Net loans	$	10,146,991	$	9,856,743

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

Carrying amount of PCD loans at the acquisition date

The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below.

	Carrying Amount
Purchase price of loans at acquisition	$	6,543
Allowance for credit losses at acquisition	1,648
Par value of acquired loans at acquisition	$	8,191

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
March 31, 2022
Commercial, financial, agricultural	$	1,519	$	77	$	1,329,682	$	1,331,278	$	739	$	2,875	$	1,347	$	4,961	$	1,336,239
Lease financing	—		—		94,954		94,954		—		—		—		—		94,954
Real estate – construction:
Residential	1,857		—		303,539		305,396		—		—		—		—		305,396
Commercial	—		—		911,532		911,532		—		—		—		—		911,532
Total real estate – construction	1,857		—		1,215,071		1,216,928		—		—		—		—		1,216,928
Real estate – 1-4 family mortgage:
Primary	16,852		—		1,771,806		1,788,658		4,018		6,812		4,262		15,092		1,803,750
Home equity	1,953		32		420,995		422,980		54		1,012		380		1,446		424,426
Rental/investment	562		100		272,736		273,398		16		438		265		719		274,117
Land development	332		—		141,441		141,773		—		333		188		521		142,294
Total real estate – 1-4 family mortgage	19,699		132		2,606,978		2,626,809		4,088		8,595		5,095		17,778		2,644,587
Real estate – commercial mortgage:
Owner-occupied	2,617		—		1,312,212		1,314,829		2,809		808		—		3,617		1,318,446
Non-owner occupied	662		—		2,504,698		2,505,360		—		—		5,621		5,621		2,510,981
Land development	202		—		115,582		115,784		—		292		37		329		116,113
Total real estate – commercial mortgage	3,481		—		3,932,492		3,935,973		2,809		1,100		5,658		9,567		3,945,540
Installment loans to individuals	674		—		104,813		105,487		3		20		244		267		105,754
Unearned income	—		—		(5,112)		(5,112)		—		—		—		—		(5,112)
Loans, net of unearned income	$	27,230	$	209	$	9,278,878	$	9,306,317	$	7,639	$	12,590	$	12,344	$	32,573	$	9,338,890

	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, 2021
Commercial, financial, agricultural	$	3,325	$	103	$	1,323,774	$	1,327,202	$	1,669	$	2,665	$	1,426	$	5,760	$	1,332,962
Lease financing	—		—		80,181		80,181		—		11		—		11		80,192
Real estate – construction:
Residential	1,077		—		299,911		300,988		—		—		—		—		300,988
Commercial	—		—		798,914		798,914		—		—		—		—		798,914
Total real estate – construction	1,077		—		1,098,825		1,099,902		—		—		—		—		1,099,902
Real estate – 1-4 family mortgage:
Primary	14,785		389		1,652,940		1,668,114		1,920		8,195		3,821		13,936		1,682,050
Home equity	1,468		—		420,695		422,163		182		546		217		945		423,108
Rental/investment	401		445		266,353		267,199		—		771		275		1,046		268,245
Land development	431		—		134,382		134,813		—		65		192		257		135,070
Total real estate – 1-4 family mortgage	17,085		834		2,474,370		2,492,289		2,102		9,577		4,505		16,184		2,508,473
Real estate – commercial mortgage:
Owner-occupied	720		36		1,325,776		1,326,532		163		822		1,702		2,687		1,329,219
Non-owner occupied	260		89		2,440,513		2,440,862		—		—		5,508		5,508		2,446,370
Land development	476		—		109,575		110,051		—		292		52		344		110,395
Total real estate – commercial mortgage	1,456		125		3,875,864		3,877,445		163		1,114		7,262		8,539		3,885,984
Installment loans to individuals	978		12		106,318		107,308		30		95		132		257		107,565
Unearned income	—		—		(4,067)		(4,067)		—		—		—		—		(4,067)
Loans, net of unearned income	$	23,921	$	1,074	$	8,955,265	$	8,980,260	$	3,964	$	13,462	$	13,325	$	30,751	$	9,011,011

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
March 31, 2022
Commercial, financial, agricultural	$	316	$	—	$	100,913	$	101,229	$	203	$	1,996	$	5,940	$	8,139	$	109,368
Real estate – construction:
Residential	—		—		1,259		1,259		—		—		—		—		1,259
Commercial	—		—		3,865		3,865		—		—		—		—		3,865
Total real estate – construction	—		—		5,124		5,124		—		—		—		—		5,124
Real estate – 1-4 family mortgage:
Primary	1,224		—		115,600		116,824		981		1,706		2,552		5,239		122,063
Home equity	297		—		45,187		45,484		97		265		393		755		46,239
Rental/investment	—		—		18,635		18,635		—		—		59		59		18,694
Land development	75		—		9,321		9,396		—		—		—		—		9,396
Total real estate – 1-4 family mortgage	1,596		—		188,743		190,339		1,078		1,971		3,004		6,053		196,392
Real estate – commercial mortgage:
Owner-occupied	314		—		217,850		218,164		—		138		1,945		2,083		220,247
Non-owner occupied	54		—		393,144		393,198		2,931		—		6		2,937		396,135
Land development	—		38		15,786		15,824		—		—		118		118		15,942
Total real estate – commercial mortgage	368		38		626,780		627,186		2,931		138		2,069		5,138		632,324
Installment loans to individuals	1,107		—		30,162		31,269		16		—		76		92		31,361
Loans, net of unearned income	$	3,387	$	38	$	951,722	$	955,147	$	4,228	$	4,105	$	11,089	$	19,422	$	974,569

	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, 2021
Commercial, financial, agricultural	$	122	$	—	$	82,918	$	83,040	$	42	$	1,618	$	5,608	$	7,268	$	90,308
Real estate – construction:
Residential	—		—		1,287		1,287		—		—		—		—		1,287
Commercial	—		—		3,707		3,707		—		—		—		—		3,707
Total real estate – construction	—		—		4,994		4,994		—		—		—		—		4,994
Real estate – 1-4 family mortgage:
Primary	1,042		36		127,820		128,898		257		2,225		2,690		5,172		134,070
Home equity	149		—		50,573		50,722		—		373		401		774		51,496
Rental/investment	20		—		20,105		20,125		26		—		78		104		20,229
Land development	—		—		9,978		9,978		—		—		—		—		9,978
Total real estate – 1-4 family mortgage	1,211		36		208,476		209,723		283		2,598		3,169		6,050		215,773
Real estate – commercial mortgage:
Owner-occupied	1,511		323		230,305		232,139		—		289		1,704		1,993		234,132
Non-owner occupied	—		—		407,639		407,639		—		—		2,938		2,938		410,577
Land development	—		—		18,218		18,218		—		—		126		126		18,344
Total real estate – commercial mortgage	1,511		323		656,162		657,996		—		289		4,768		5,057		663,053
Installment loans to individuals	839		8		34,690		35,537		15		11		212		238		35,775
Loans, net of unearned income	$	3,683	$	367	$	987,240	$	991,290	$	340	$	4,516	$	13,757	$	18,613	$	1,009,903

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 Amortized Cost		Post- Modification Amortized Cost
Three months ended March 31, 2022
Real estate – 1-4 family mortgage:
Primary	7	$	865	$	873
Real estate – commercial mortgage:
Owner-occupied	1	6,500		6,500
Total	8	$	7,365	$	7,373
Three months ended March 31, 2021
Real estate – 1-4 family mortgage:
Primary	3	$	432	$	435
Real estate – commercial mortgage:
Non-owner occupied	1	837		810
Total	4	$	1,269	$	1,245

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 March 31, 2022
Real estate – 1-4 family mortgage:
Land development	3	$	98	$	94
Three months ended March 31, 2021
Commercial, financial, agricultural	1	$	135	$	135

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, 2022	97	$	14,650
Additional advances or loans with concessions	8	7,403
Reductions due to:
Reclassified as nonperforming	(4)	(452)
Paid in full	(5)	(530)
Principal paydowns	—	(91)
Totals at March 31, 2022	96	$	20,980

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

	Number of Loans	Recorded Investment
Totals at January 1, 2022	38	$	5,609
Additional advances or loans with concessions	3	110
Reclassified as performing restructured loan	3	302
Reductions due to:
Reclassified to nonperforming loans	(2)	(41)
Paid in full	(2)	(1,596)
Charge-offs	—	—
Principal paydowns	—	(44)
Totals at March 31, 2022	40	$	4,340

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	96,762	$	276,836	$	184,316	$	105,812	$	39,160	$	21,356	$	573,245	$	4,504	$	1,301,991
Pass	96,208		275,666		176,524		105,294		37,590		20,606		571,066		3,497		1,286,451
Special Mention	89		—		—		194		272		—		601		—		1,156
Substandard	465		1,170		7,792		324		1,298		750		1,578		1,007		14,384
Lease Financing Receivables	$	19,463	$	24,644	$	21,969	$	14,215	$	6,758	$	2,793	$	—	$	—	$	89,842
Pass	19,463		24,644		21,969		14,215		6,758		2,341		—		—		89,390
Special Mention	—		—		—		—		—		452		—		—		452
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	162,809	$	482,341	$	318,316	$	145,402	$	15,525	$	—	$	6,539	$	602	$	1,131,534
Residential	$	61,146	$	150,122	$	6,025	$	—	$	—	$	—	$	2,107	$	602	$	220,002
Pass	61,146		150,122		6,025		—		—		—		2,107		602		220,002
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	101,663	$	332,219	$	312,291	$	145,402	$	15,525	$	—	$	4,432	$	—	$	911,532
Pass	101,663		331,298		312,291		145,402		15,525		—		4,432		—		910,611
Special Mention	—		921		—		—		—		—		—		—		921
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	86,992	$	180,183	$	67,130	$	43,262	$	24,115	$	29,405	$	26,986	$	854	$	458,927
Primary	$	7,747	$	12,478	$	6,702	$	2,969	$	4,159	$	4,803	$	6,002	$	—	$	44,860
Pass	7,538		12,478		6,702		2,848		4,159		4,436		5,991		—		44,152
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	209		—		—		121		—		367		11		—		708
Home Equity	$	—	$	1,324	$	—	$	41	$	127	$	—	$	13,817	$	9	$	15,318
Pass	—		1,324		—		41		127		—		13,817		9		15,318
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	41,987	$	100,533	$	51,166	$	29,396	$	19,608	$	24,032	$	6,321	$	845	$	273,888
Pass	41,966		100,456		50,958		28,363		19,339		23,306		6,321		845		271,554
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	21		77		208		1,033		269		726		—		—		2,334
Land Development	$	37,258	$	65,848	$	9,262	$	10,856	$	221	$	570	$	846	$	—	$	124,861
Pass	37,258		65,848		8,974		10,832		221		570		846		—		124,549
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		288		24		—		—		—		—		312
Real Estate - Commercial Mortgage	$	398,640	$	1,095,513	$	790,229	$	608,176	$	304,844	$	578,577	$	137,549	$	19,906	$	3,933,434
Owner-Occupied	$	121,718	$	302,860	$	266,970	$	197,621	$	146,863	$	219,190	$	55,759	$	7,316	$	1,318,297

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	121,353		301,595		265,142		196,020		145,137		203,852		55,759		6,347		1,295,205
Special Mention	—		1,191		—		347		—		3,127		—		932		5,597
Substandard	365		74		1,828		1,254		1,726		12,211		—		37		17,495
Non-Owner Occupied	$	260,565	$	749,262	$	507,210	$	400,465	$	152,176	$	356,205	$	72,478	$	12,590	$	2,510,951
Pass	260,361		740,078		507,210		387,131		152,176		292,279		72,478		12,590		2,424,303
Special Mention	—		9,184		—		11,322		—		24,606		—		—		45,112
Substandard	204		—		—		2,012		—		39,320		—		—		41,536
Land Development	$	16,357	$	43,391	$	16,049	$	10,090	$	5,805	$	3,182	$	9,312	$	—	$	104,186
Pass	14,759		43,123		15,713		10,090		5,724		3,182		9,312		—		101,903
Special Mention	—		43		—		—		—		—		—		—		43
Substandard	1,598		225		336		—		81		—		—		—		2,240
Installment loans to individuals	$	73	$	—	$	—	$	37	$	—	$	—	$	—	$	—	$	110
Pass	73		—		—		37		—		—		—		—		110
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	764,739	$	2,059,517	$	1,381,960	$	916,904	$	390,402	$	632,131	$	744,319	$	25,866	$	6,915,838
Pass	761,788		2,046,632		1,371,508		900,273		386,756		550,572		742,129		23,890		6,783,548
Special Mention	89		11,339		—		11,863		272		28,185		601		932		53,281
Substandard	2,862		1,546		10,452		4,768		3,374		53,374		1,589		1,044		79,009

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	300,748	$	245,940	$	122,350	$	44,533	$	15,384	$	11,103	$	557,628	$	2,757	$	1,300,443
Pass	299,731		245,657		120,102		43,042		14,603		8,605		553,541		2,002		1,287,283
Special Mention	—		136		1,798		281		605		1,196		651		—		4,667
Substandard	1,017		147		450		1,210		176		1,302		3,436		755		8,493
Real Estate - Construction	$	461,370	$	371,694	$	174,369	$	14,813	$	—	$	—	$	3,769	$	2,428	$	1,028,443
Residential	$	210,734	$	12,598	$	—	$	—	$	—	$	—	$	3,769	$	2,428	$	229,529
Pass	210,734		12,598		—		—		—		—		3,769		2,428		229,529
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	250,636	$	359,096	$	174,369	$	14,813	$	—	$	—	$	—	$	—	$	798,914
Pass	250,636		359,096		174,369		14,813		—		—		—		—		798,914
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	205,137	$	83,038	$	60,240	$	30,044	$	28,340	$	8,846	$	25,534	$	941	$	442,120
Primary	$	15,599	$	7,698	$	3,662	$	5,985	$	4,150	$	1,066	$	4,727	$	—	$	42,887
Pass	15,599		7,698		3,496		5,985		4,066		1,057		4,716		—		42,617
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		166		—		84		9		11		—		270
Home Equity	$	1,318	$	—	$	42	$	131	$	—	$	—	$	13,615	$	10	$	15,116
Pass	1,318		—		42		131		—		—		13,615		10		15,116
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Rental/Investment	$	111,006	$	61,801	$	33,734	$	23,520	$	23,890	$	7,469	$	5,554	$	931	$	267,905
Pass	110,987		60,855		32,733		23,246		23,708		7,098		5,554		931		265,112
Special Mention	—		249		—		—		—		—		—		—		249
Substandard	19		697		1,001		274		182		371		—		—		2,544
Land Development	$	77,214	$	13,539	$	22,802	$	408	$	300	$	311	$	1,638	$	—	$	116,212
Pass	74,818		13,539		22,769		408		300		311		1,638		—		113,783
Special Mention	2,396		—		—		—		—		—		—		—		2,396
Substandard	—		—		33		—		—		—		—		—		33
Real Estate - Commercial Mortgage	$	1,168,118	$	836,549	$	680,506	$	344,089	$	298,644	$	376,652	$	147,446	$	21,644	$	3,873,648
Owner-Occupied	$	312,031	$	305,686	$	220,057	$	164,345	$	140,265	$	117,767	$	59,126	$	9,748	$	1,329,025
Pass	310,736		304,555		218,447		161,521		134,410		109,577		59,126		8,036		1,306,408
Special Mention	1,210		1,131		—		—		1,733		328		—		1,712		6,114
Substandard	85		—		1,610		2,824		4,122		7,862		—		—		16,503
Non-Owner Occupied	$	809,784	$	511,803	$	449,409	$	173,123	$	155,175	$	256,133	$	79,016	$	11,896	$	2,446,339
Pass	800,348		503,009		436,062		165,843		102,446		242,665		79,016		11,896		2,341,285
Special Mention	9,235		8,794		11,356		7,280		33,176		8,024		—		—		77,865
Substandard	201		—		1,991		—		19,553		5,444		—		—		27,189
Land Development	$	46,303	$	19,060	$	11,040	$	6,621	$	3,204	$	2,752	$	9,304	$	—	$	98,284
Pass	46,034		17,030		11,040		6,569		3,204		2,752		9,304		—		95,933
Special Mention	44		—		—		—		—		—		—		—		44
Substandard	225		2,030		—		52		—		—		—		—		2,307
Installment loans to individuals	$	—	$	—	$	42	$	—	$	—	$	—	$	—	$	—	$	42
Pass	—		—		42		—		—		—		—		—		42
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,135,373	$	1,537,221	$	1,037,507	$	433,479	$	342,368	$	396,601	$	734,377	$	27,770	$	6,644,696
Pass	2,120,941		1,524,037		1,019,102		421,558		282,737		372,065		730,279		25,303		6,496,022
Special Mention	12,885		10,310		13,154		7,561		35,514		9,548		651		1,712		91,335
Substandard	1,547		2,874		5,251		4,360		24,117		14,988		3,447		755		57,339

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	24	$	—	$	—	$	—	$	4,586	$	29,638	$	—	$	34,248
Performing Loans	—		24		—		—		—		4,586		29,638		—		34,248
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Residential	$	7,060	$	70,624	$	6,079	$	1,631	$	—	$	—	$	—	$	—	$	85,394
Performing Loans	7,060		70,624		6,079		1,631		—		—		—		—		85,394
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	202,102	$	576,608	$	389,909	$	182,310	$	142,482	$	284,535	$	404,747	$	2,967	$	2,185,660
Primary	$	199,643	$	566,132	$	387,647	$	181,465	$	140,891	$	283,112	$	—	$	—	$	1,758,890
Performing Loans	199,643		565,669		386,148		179,052		136,035		277,478		—		—		1,744,025
Non-Performing Loans	—		463		1,499		2,413		4,856		5,634		—		—		14,865
Home Equity	$	520	$	111	$	—	$	79	$	224	$	460	$	404,747	$	2,967	$	409,108
Performing Loans	520		111		—		79		224		388		403,926		2,413		407,661
Non-Performing Loans	—		—		—		—		—		72		821		554		1,447
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	229	$	—	$	—	$	229
Performing Loans	—		—		—		—		—		176		—		—		176
Non-Performing Loans	—		—		—		—		—		53		—		—		53
Land Development	$	1,939	$	10,365	$	2,262	$	766	$	1,367	$	734	$	—	$	—	$	17,433
Performing Loans	1,939		10,340		2,172		734		1,367		672		—		—		17,224
Non-Performing Loans	—		25		90		32		—		62		—		—		209
Real Estate - Commercial Mortgage	$	1,004	$	4,940	$	3,204	$	1,785	$	748	$	425	$	—	$	—	$	12,106
Owner-Occupied	$	—	$	—	$	135	$	14	$	—	$	—	$	—	$	—	$	149
Performing Loans	—		—		135		14		—		—		—		—		149
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	30
Performing Loans	—		—		30		—		—		—		—		—		30
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	1,004	$	4,940	$	3,039	$	1,771	$	748	$	425	$	—	$	—	$	11,927
Performing Loans	1,004		4,940		3,039		1,755		748		374		—		—		11,860
Non-Performing Loans	—		—		—		16		—		51		—		—		67
Installment loans to individuals	$	13,094	$	36,301	$	11,810	$	20,312	$	6,858	$	3,303	$	13,926	$	40	$	105,644
Performing Loans	12,981		36,285		11,783		20,265		6,848		3,252		13,926		37		105,377
Non-Performing Loans	113		16		27		47		10		51		—		3		267
Total loans not subject to risk rating	$	223,260	$	688,497	$	411,002	$	206,038	$	150,088	$	292,849	$	448,311	$	3,007	$	2,423,052
Performing Loans	223,147		687,993		409,386		203,530		145,222		286,926		447,490		2,450		2,406,144
Non-Performing Loans	113		504		1,616		2,508		4,866		5,923		821		557		16,908

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	71	$	—	$	—	$	1	$	—	$	8,983	$	23,464	$	—	$	32,519
Performing Loans	71		—		—		1		—		8,983		23,464		—		32,519
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	26,301	$	23,270	$	15,504	$	7,713	$	2,169	$	1,168	$	—	$	—	$	76,125
Performing Loans	26,301		23,270		15,504		7,713		2,167		1,159		—		—		76,114
Non-Performing Loans	—		—		—		—		2		9		—		—		11
Real Estate - Construction	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Residential	$	57,283	$	12,561	$	1,615	$	—	$	—	$	—	$	—	$	—	$	71,459
Performing Loans	57,283		12,561		1,615		—		—		—		—		—		71,459
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	554,483	$	419,252	$	205,014	$	155,535	$	117,619	$	207,381	$	404,293	$	2,776	$	2,066,353
Primary	$	542,659	$	415,863	$	203,739	$	153,717	$	116,689	$	206,496	$	—	$	—	$	1,639,163
Performing Loans	542,053		414,931		201,273		148,649		114,669		203,416		—		—		1,624,991
Non-Performing Loans	606		932		2,466		5,068		2,020		3,080		—		—		14,172
Home Equity	$	111	$	—	$	79	$	225	$	—	$	508	$	404,293	$	2,776	$	407,992
Performing Loans	111		—		79		225		—		435		403,598		2,599		407,047
Non-Performing Loans	—		—		—		—		—		73		695		177		945
Rental/Investment	$	—	$	—	$	99	$	—	$	23	$	218	$	—	$	—	$	340
Performing Loans	—		—		99		—		23		164		—		—		286
Non-Performing Loans	—		—		—		—		—		54		—		—		54
Land Development	$	11,713	$	3,389	$	1,097	$	1,593	$	907	$	159	$	—	$	—	$	18,858
Performing Loans	11,688		3,298		1,065		1,593		832		159		—		—		18,635
Non-Performing Loans	25		91		32		—		75		—		—		—		223
Real Estate - Commercial Mortgage	$	5,265	$	3,584	$	2,082	$	800	$	468	$	137	$	—	$	—	$	12,336
Owner-Occupied	$	—	$	136	$	58	$	—	$	—	$	—	$	—	$	—	$	194
Performing Loans	—		136		58		—		—		—		—		—		194
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	31	$	—	$	—	$	—	$	—	$	—	$	—	$	31
Performing Loans	—		31		—		—		—		—		—		—		31
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	5,265	$	3,417	$	2,024	$	800	$	468	$	137	$	—	$	—	$	12,111
Performing Loans	5,265		3,417		2,008		800		468		86		—		—		12,044
Non-Performing Loans	—		—		16		—		—		51		—		—		67
Installment loans to individuals	$	44,302	$	15,436	$	23,114	$	7,717	$	1,985	$	1,917	$	13,016	$	36	$	107,523
Performing Loans	44,254		15,360		23,035		7,704		1,958		1,890		13,016		36		107,253
Non-Performing Loans	48		76		79		13		27		27		—		—		270
Total loans not subject to risk rating	$	687,705	$	474,103	$	247,329	$	171,766	$	122,241	$	219,586	$	440,773	$	2,812	$	2,366,315
Performing Loans	687,026		473,004		244,736		166,685		120,117		216,292		440,078		2,635		2,350,573
Non-Performing Loans	679		1,099		2,593		5,081		2,124		3,294		695		177		15,742

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	629	$	6,149	$	33,798	$	67,658	$	1,134	$	109,368
Pass	—		—		—		629		5,569		25,590		66,049		740		98,577
Special Mention	—		—		—		—		239		—		—		—		239
Substandard	—		—		—		—		341		8,208		1,609		394		10,552
Real Estate - Construction	$	—	$	—	$	—	$	—	$	575	$	4,549	$	—	$	—	$	5,124
Residential	$	—	$	—	$	—	$	—	$	575	$	684	$	—	$	—	$	1,259
Pass	—		—		—		—		575		684		—		—		1,259
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,865	$	—	$	—	$	3,865
Pass	—		—		—		—		—		3,865		—		—		3,865
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	152	$	9,106	$	32,889	$	903	$	191	$	43,241
Primary	$	—	$	—	$	—	$	35	$	2,317	$	12,126	$	158	$	—	$	14,636
Pass	—		—		—		35		2,317		9,148		158		—		11,658
Special Mention	—		—		—		—		—		56		—		—		56
Substandard	—		—		—		—		—		2,922		—		—		2,922
Home Equity	$	—	$	—	$	—	$	—	$	—	$	38	$	590	$	191	$	819
Pass	—		—		—		—		—		38		590		—		628
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		191		191
Rental/Investment	$	—	$	—	$	—	$	117	$	314	$	18,108	$	155	$	—	$	18,694
Pass	—		—		—		117		314		17,367		5		—		17,803
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		741		150		—		891
Land Development	$	—	$	—	$	—	$	—	$	6,475	$	2,617	$	—	$	—	$	9,092
Pass	—		—		—		—		6,475		1,285		—		—		7,760
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,332		—		—		1,332

	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	322	$	49,086	$	566,330	$	1,758	$	14,136	$	631,632
Owner-Occupied	$	—	$	—	$	—	$	—	$	13,054	$	206,267	$	926	$	—	$	220,247
Pass	—		—		—		—		13,054		189,182		926		—		203,162
Special Mention	—		—		—		—		—		1,918		—		—		1,918
Substandard	—		—		—		—		—		15,167		—		—		15,167
Non-Owner Occupied	$	—	$	—	$	—	$	322	$	35,628	$	345,803	$	246	$	14,136	$	396,135
Pass	—		—		—		322		19,250		311,334		246		4,281		335,433
Special Mention	—		—		—		—		16,372		—		—		—		16,372
Substandard	—		—		—		—		6		34,469		—		9,855		44,330
Land Development	$	—	$	—	$	—	$	—	$	404	$	14,260	$	586	$	—	$	15,250
Pass	—		—		—		—		404		8,446		586		—		9,436
Special Mention	—		—		—		—		—		5,083		—		—		5,083
Substandard	—		—		—		—		—		731		—		—		731
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	—	$	1,103	$	64,916	$	637,566	$	70,319	$	15,461	$	789,365
Pass	—		—		—		1,103		47,958		566,939		68,560		5,021		689,581
Special Mention	—		—		—		—		16,611		7,057		—		—		23,668
Substandard	—		—		—		—		347		63,570		1,759		10,440		76,116

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	646	$	12,199	$	12,247	$	25,562	$	38,328	$	1,326	$	90,308
Pass	—		—		646		11,612		8,918		18,877		37,555		899		78,507
Special Mention	—		—		—		246		—		—		—		—		246
Substandard	—		—		—		341		3,329		6,685		773		427		11,555
Real Estate - Construction	$	—	$	—	$	—	$	601	$	—	$	4,393	$	—	$	—	$	4,994
Residential	$	—	$	—	$	—	$	601	$	—	$	686	$	—	$	—	$	1,287
Pass	—		—		—		601		—		686		—		—		1,287
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	3,707	$	—	$	—	$	3,707
Pass	—		—		—		—		—		3,707		—		—		3,707
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—

	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 - 1-4 Family Mortgage	$	—	$	—	$	152	$	10,151	$	2,781	$	32,841	$	1,476	$	201	$	47,602
Primary	$	—	$	—	$	34	$	2,485	$	1,367	$	12,336	$	161	$	—	$	16,383
Pass	—		—		34		2,485		1,367		9,408		161		—		13,455
Special Mention	—		—		—		—		—		59		—		—		59
Substandard	—		—		—		—		—		2,869		—		—		2,869
Home Equity	$	—	$	—	$	—	$	—	$	—	$	42	$	1,087	$	201	$	1,330
Pass	—		—		—		—		—		42		717		—		759
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		370		201		571
Rental/Investment	$	—	$	—	$	118	$	804	$	1,273	$	17,806	$	228	$	—	$	20,229
Pass	—		—		118		804		1,273		17,035		77		—		19,307
Special Mention	—		—		—		—		—		38		—		—		38
Substandard	—		—		—		—		—		733		151		—		884
Land Development	$	—	$	—	$	—	$	6,862	$	141	$	2,657	$	—	$	—	$	9,660
Pass	—		—		—		6,862		111		1,249		—		—		8,222
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		30		1,408		—		—		1,438
Real Estate - Commercial Mortgage	$	—	$	—	$	325	$	50,519	$	123,254	$	467,983	$	5,912	$	14,324	$	662,317
Owner-Occupied	$	—	$	—	$	—	$	13,344	$	17,621	$	200,111	$	3,056	$	—	$	234,132
Pass	—		—		—		13,344		13,888		182,779		3,056		—		213,067
Special Mention	—		—		—		—		1,553		394		—		—		1,947
Substandard	—		—		—		—		2,180		16,938		—		—		19,118
Non-Owner Occupied	$	—	$	—	$	325	$	35,887	$	103,739	$	254,080	$	2,222	$	14,324	$	410,577
Pass	—		—		325		19,510		100,682		222,048		2,222		4,418		349,205
Special Mention	—		—		—		16,370		—		359		—		—		16,729
Substandard	—		—		—		7		3,057		31,673		—		9,906		44,643
Land Development	$	—	$	—	$	—	$	1,288	$	1,894	$	13,792	$	634	$	—	$	17,608
Pass	—		—		—		1,288		1,894		7,904		634		—		11,720
Special Mention	—		—		—		—		—		5,141		—		—		5,141
Substandard	—		—		—		—		—		747		—		—		747
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	—	$	—	$	1,123	$	73,470	$	138,282	$	530,779	$	45,716	$	15,851	$	805,221
Pass	—		—		1,123		56,506		128,133		463,735		44,422		5,317		699,236
Special Mention	—		—		—		16,616		1,553		5,991		—		—		24,160
Substandard	—		—		—		348		8,596		61,053		1,294		10,534		81,825

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
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
March 31, 2022
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	—	$	200	$	1,079	$	110,964	$	39,583	$	1,325	$	153,151
Primary	$	—	$	—	$	—	$	200	$	538	$	106,613	$	—	$	76	$	107,427
Performing Loans	—		—		—		200		429		101,584		—		76		102,289
Non-Performing Loans	—		—		—		—		109		5,029		—		—		5,138
Home Equity	$	—	$	—	$	—	$	—	$	541	$	4,047	$	39,583	$	1,249	$	45,420
Performing Loans	—		—		—		—		541		3,994		39,011		1,120		44,666
Non-Performing Loans	—		—		—		—		—		53		572		129		754
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	—	$	304	$	—	$	—	$	304
Performing Loans	—		—		—		—		—		304		—		—		304
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	145	$	547	$	—	$	—	$	692
Performing Loans	—		—		—		—		145		547		—		—		692
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	—	$	17,963	$	11,983	$	1,391	$	24	$	31,361
Performing Loans	—		—		—		—		17,959		11,912		1,378		20		31,269
Non-Performing Loans	—		—		—		—		4		71		13		4		92
Total loans not subject to risk rating	$	—	$	—	$	—	$	200	$	19,187	$	123,494	$	40,974	$	1,349	$	185,204
Performing Loans	—		—		—		200		19,074		118,341		40,389		1,216		179,220
Non-Performing Loans	—		—		—		—		113		5,153		585		133		5,984

	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2021
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	—	$	—	$	202	$	1,480	$	19,988	$	101,060	$	44,086	$	1,355	$	168,171
Primary	$	—	$	—	$	202	$	938	$	17,505	$	98,961	$	—	$	81	$	117,687
Performing Loans	—		—		202		829		16,902		94,607		—		81		112,621
Non-Performing Loans	—		—		—		109		603		4,354		—		—		5,066
Home Equity	$	—	$	—	$	—	$	542	$	2,441	$	1,823	$	44,086	$	1,274	$	50,166
Performing Loans	—		—		—		542		2,441		1,769		43,700		1,141		49,593
Non-Performing Loans	—		—		—		—		—		54		386		133		573
Rental/Investment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	—	$	42	$	276	$	—	$	—	$	318
Performing Loans	—		—		—		—		42		276		—		—		318
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Owner-Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	$	—	$	—	$	—	$	147	$	31	$	558	$	—	$	—	$	736
Performing Loans	—		—		—		147		31		558		—		—		736
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Installment loans to individuals	$	—	$	—	$	—	$	20,581	$	9,721	$	3,881	$	1,558	$	34	$	35,775
Performing Loans	—		—		—		20,566		9,714		3,684		1,541		23		35,528
Non-Performing Loans	—		—		—		15		7		197		17		11		247
Total loans not subject to risk rating	$	—	$	—	$	202	$	22,208	$	29,740	$	105,499	$	45,644	$	1,389	$	204,682
Performing Loans	—		—		202		22,084		29,130		100,894		45,241		1,245		198,796
Non-Performing Loans	—		—		—		124		610		4,605		403		144		5,886

XML

Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural(1)	$	1,336,239	$	1,332,962
Lease financing	94,954		80,192
Real estate – construction:
Residential	305,396		300,988
Commercial	911,532		798,914
Total real estate – construction	1,216,928		1,099,902
Real estate – 1-4 family mortgage:
Primary	1,803,750		1,682,050
Home equity	424,426		423,108
Rental/investment	274,117		268,245
Land development	142,294		135,070
Total real estate – 1-4 family mortgage	2,644,587		2,508,473
Real estate – commercial mortgage:
Owner-occupied	1,318,446		1,329,219
Non-owner occupied	2,510,981		2,446,370
Land development	116,113		110,395
Total real estate – commercial mortgage	3,945,540		3,885,984
Installment loans to individuals	105,754		107,565
Gross loans	9,344,002		9,015,078
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	$	9,338,890	$	9,011,011

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural	$	109,368	$	90,308
Real estate – construction:
Residential	1,259		1,287
Commercial	3,865		3,707
Total real estate – construction	5,124		4,994
Real estate – 1-4 family mortgage:
Primary	122,063		134,070
Home equity	46,239		51,496
Rental/investment	18,694		20,229
Land development	9,396		9,978
Total real estate – 1-4 family mortgage	196,392		215,773
Real estate – commercial mortgage:
Owner-occupied	220,247		234,132
Non-owner occupied	396,135		410,577
Land development	15,942		18,344
Total real estate – commercial mortgage	632,324		663,053
Installment loans to individuals	31,361		35,775
Loans	$	974,569	$	1,009,903

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

	March 31, 2022		December 31, 2021
Commercial, financial, agricultural (1)	$	1,445,607	$	1,423,270
Lease financing	94,954		80,192
Real estate – construction:
Residential	306,655		302,275
Commercial	915,397		802,621
Total real estate – construction	1,222,052		1,104,896
Real estate – 1-4 family mortgage:
Primary	1,925,813		1,816,120
Home equity	470,665		474,604
Rental/investment	292,811		288,474
Land development	151,690		145,048
Total real estate – 1-4 family mortgage	2,840,979		2,724,246
Real estate – commercial mortgage:
Owner-occupied	1,538,693		1,563,351
Non-owner occupied	2,907,116		2,856,947
Land development	132,055		128,739
Total real estate – commercial mortgage	4,577,864		4,549,037
Installment loans to individuals	137,115		143,340
Gross loans	10,318,571		10,024,981
Unearned income	(5,112)		(4,067)
Loans, net of unearned income	10,313,459		10,020,914
Allowance for credit losses on loans	(166,468)		(164,171)
Net loans	$	10,146,991	$	9,856,743

(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.

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 March 31, 2022
Allowance for credit losses:
Beginning balance	$	33,922	$	16,419	$	32,356	$	68,940	$	1,486	$	11,048	$	164,171
Impact of PCD loans acquired during the period	1,648		—		—		—		—		—		1,648
Charge-offs	(2,102)		—		(163)		(6)		(7)		(779)		(3,057)
Recoveries	1,136		—		178		155		12		725		2,206
Net (charge-offs) recoveries	(966)		—		15		149		5		(54)		(851)
Provision for credit losses on loans	(998)		1,992		4,477		(3,858)		91		(204)		1,500
Ending balance	$	33,606	$	18,411	$	36,848	$	65,231	$	1,582	$	10,790	$	166,468
Period-End Amount Allocated to:
Individually evaluated	$	9,225	$	—	$	396	$	2,660	$	—	$	570	$	12,851
Collectively evaluated	24,381		18,411		36,452		62,571		1,582		10,220		153,617
Ending balance	$	33,606	$	18,411	$	36,848	$	65,231	$	1,582	$	10,790	$	166,468
Loans:
Individually evaluated	$	13,070	$	—	$	4,477	$	15,464	$	—	$	570	$	33,581
Collectively evaluated	1,432,537		1,222,052		2,836,502		4,562,400		89,842		136,545		10,279,878
Ending balance	$	1,445,607	$	1,222,052	$	2,840,979	$	4,577,864	$	89,842	$	137,115	$	10,313,459
Nonaccruing loans with no allowance for credit losses	$	435	$	—	$	2,614	$	5,298	$	—	$	2	$	8,349

	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate  - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended March 31, 2021
Allowance for credit losses:
Beginning balance	$	39,031	$	16,047	$	32,165	$	76,127	$	1,624	$	11,150	$	176,144
Charge-offs	(3,498)		(52)		(101)		(61)		—		(1,658)		(5,370)
Recoveries	289		13		261		171		11		1,587		2,332
Net (charge-offs) recoveries	(3,209)		(39)		160		110		11		(71)		(3,038)
Provision for credit losses on loans	1,770		(1,031)		(631)		(12)		(89)		(7)		—
Ending balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Period-End Amount Allocated to:
Individually evaluated	$	9,908	$	—	$	232	$	4,846	$	—	$	607	$	15,593
Collectively evaluated	27,684		14,977		31,462		71,379		1,546		10,465		157,513
Ending balance	$	37,592	$	14,977	$	31,694	$	76,225	$	1,546	$	11,072	$	173,106
Loans:
Individually evaluated	$	15,435	$	—	$	6,311	$	18,508	$	—	$	621	$	40,875
Collectively evaluated	2,233,852		955,918		2,679,750		4,530,519		75,256		172,238		10,647,533
Ending balance	$	2,249,287	$	955,918	$	2,686,061	$	4,549,027	$	75,256	$	172,859	$	10,688,408
Nonaccruing loans with no allowance for credit losses	$	1,848	$	—	$	4,695	$	2,113	$	—	$	—	$	8,656

Unfunded loan commitments, allowance for credit losses

Three Months Ended March 31,	2022		2021
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,035	$	20,535
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense)	(550)		—
Ending balance	$	19,485	$	20,535

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Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2022

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
March 31, 2022
Residential real estate	$	44	$	332	$	376
Commercial real estate	39		136		175
Residential land development	291		4		295
Commercial land development	1,157		59		1,216
Total	$	1,531	$	531	$	2,062
December 31, 2021
Residential real estate	$	93	$	166	$	259
Commercial real estate	39		722		761
Residential land development	301		4		305
Commercial land development	1,156		59		1,215
Total	$	1,589	$	951	$	2,540

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, 2022	$	1,589	$	951	$	2,540
Transfers of loans	36		164		200
Impairments	(14)		—		(14)
Dispositions	(79)		(586)		(665)
Other	(1)		2		1
Balance at March 31, 2022	$	1,531	$	531	$	2,062

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
	March 31,
	2022		2021
Repairs and maintenance	$	3	$	20
Property taxes and insurance	35		11
Impairments	14		70
Net gains on OREO sales	(291)		(56)
Rental income	(2)		(4)
Total	$	(241)	$	41

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying amounts of goodwill by operating segments

The carrying amounts of goodwill by operating segments for the three months ended March 31, 2022 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2022	$	936,916	$	2,767	$	939,683
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608		—		6,608
Balance at March 31, 2022	$	943,524	$	2,767	$	946,291

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
March 31, 2022
Core deposit intangibles	$	82,492	$	(60,720)	$	21,772
Customer relationship intangible	2,470		(1,511)		959
Total finite-lived intangible assets	$	84,962	$	(62,231)	$	22,731
December 31, 2021
Core deposit intangibles	$	82,492	$	(59,399)	$	23,093
Customer relationship intangible	2,470		(1,465)		1,005
Total finite-lived intangible assets	$	84,962	$	(60,864)	$	24,098

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
	March 31,
	2022		2021
Amortization expense for:
Core deposit intangibles	$	1,321	$	1,553
Customer relationship intangible	45		45
Total intangible amortization	$	1,366	$	1,598

Estimated amortization expense of finite-lived intangible assets

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2022 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2022	$	4,941	$	181	$	5,122
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,102		181		3,283
2026	2,899		138		3,037

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Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2022

Transfers and Servicing [Abstract]

Changes in the company's MSRs

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2022	$	89,018
Capitalization	6,603
Amortization	(3,891)
Balance at March 31, 2022	$	91,730

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:

	March 31, 2022			December 31, 2021
Unpaid principal balance	$	8,931,901		$	8,728,629
Weighted-average prepayment speed (CPR)	6.71		%	10.56		%
Estimated impact of a 10% increase	$	(5,883)		$	(3,875)
Estimated impact of a 20% increase	(11,291)			(7,464)
Discount rate	9.68		%	9.82		%
Estimated impact of a 10% increase	$	(1,477)		$	(4,153)
Estimated impact of a 20% increase	(3,264)			(8,119)
Weighted-average coupon interest rate	3.27		%	3.29		%
Weighted-average servicing fee (basis points)	30.47			30.37
Weighted-average remaining maturity (in years)	8.46			6.69

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Employee Benefit and Deferred Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2022

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
	March 31,				March 31,
	2022		2021		2022		2021
Service cost	$	—	$	—	$	1	$	1
Interest cost	184		166		3		4
Expected return on plan assets	(421)		(443)		—		—
Recognized actuarial loss (gain)	61		54		(19)		—
Net periodic (return) benefit cost	$	(176)	$	(223)	$	(15)	$	5

Summary of the changes in stock options and restricted stock

The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2022:

	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	146,561	$	34.67	603,714	$	34.48
Awarded	63,308	38.62		252,719	38.32
Vested	—	—		(139,711)	31.08
Cancelled	—	—		(2,000)	35.85
Nonvested at end of period	209,869	$	35.86	714,722	$	36.50

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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2022

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	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate contracts	Other Assets	$	179,648	$	3,662	$	185,447	$	4,711
Interest rate lock commitments	Other Assets	130,896		2,032		310,941		5,304
Forward commitments	Other Assets	436,000		10,216		280,000		667
Totals		$	746,544	$	15,910	$	776,388	$	10,682
Derivative liabilities:
Interest rate contracts	Other Liabilities	$	179,648	$	3,662	$	185,447	$	4,711
Interest rate lock commitments	Other Liabilities	160,820		2,594		19,961		43
Forward commitments	Other Liabilities	35,000		97		320,000		736
Totals		$	375,468	$	6,353	$	525,408	$	5,490

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

	Balance Sheet	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative assets:
Interest rate swaps	Other Assets	$	100,000	$	13,486	$	100,000	$	7,016
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	30,000	$	816	$	62,000	$	2,902

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

	Balance Sheet	March 31, 2022				December 31, 2021
	Location	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivative liabilities:
Interest rate swaps	Other Liabilities	$	100,000	$	11,754	$	100,000	$	5,411

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 March 31,
	2022		2021
Interest rate contracts:
Included in interest income on loans	$	305	$	370
Interest rate lock commitments:
Included in mortgage banking income	(5,823)		(8,322)
Forward commitments
Included in mortgage banking income	10,188		18,803
Total	$	4,670	$	10,851

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 March 31,
	Location	2022		2021
Derivative liabilities:
Interest rate swaps - subordinated notes	Interest Expense	$	(6,343)	$	(7,650)
Derivative liabilities - hedged items:
Interest rate swaps - subordinated notes	Interest Expense	$	6,343	$	7,650

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	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Long-term debt	$	86,786	$	93,085	$	11,754	$	5,411

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
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	26,694	$	8,007	$	13,337	$	13,436
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	26,694		8,007		13,337		13,436
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	12,382		7,208		12,382		7,208
Financial collateral pledged	—		—		955		6,228
Net amounts	$	14,312	$	799	$	—	$	—

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
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Gross amounts recognized	$	26,694	$	8,007	$	13,337	$	13,436
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	26,694		8,007		13,337		13,436
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	12,382		7,208		12,382		7,208
Financial collateral pledged	—		—		955		6,228
Net amounts	$	14,312	$	799	$	—	$	—

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

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.

	March 31,		December 31,
	2022		2021
Deferred tax assets
Allowance for credit losses	$	50,421	$	50,712
Loans	2,602		2,855
Deferred compensation	10,777		14,522
Net unrealized losses on securities	35,769		3,545
Impairment of assets	394		392
Net operating loss carryforwards	1,035		1,211
Investment in partnerships	930		890
Lease liabilities under operating leases	15,423		17,106
Other	4,179		3,241
Total deferred tax assets	121,530		94,474
Deferred tax liabilities
Fixed assets	5,734		5,339
Mortgage servicing rights	21,470		20,779
Junior subordinated debt	2,093		2,130
Intangibles	3,005		3,177
Lease right-of-use asset	14,696		16,209
Other	1,722		1,607
Total deferred tax liabilities	48,720		49,241
Net deferred tax assets	$	72,810	$	45,233

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

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
March 31, 2022
Financial assets:
Securities available for sale	$	—	$	2,405,316	$	—	$	2,405,316
Derivative instruments	—		29,396		—		29,396
Mortgage loans held for sale in loans held for sale	—		280,464		—		280,464
Total financial assets	$	—	$	2,715,176	$	—	$	2,715,176
Financial liabilities:
Derivative instruments:	$	—	$	18,923	$	—	$	18,923

	Level 1		Level 2		Level 3		Totals
December 31, 2021
Financial assets:
Securities available for sale	—		2,386,052		—		2,386,052
Derivative instruments	—		17,698		—		17,698
Mortgage loans held for sale in loans held for sale	—		453,533		—		453,533
Total financial assets	$	—	$	2,857,283	$	—	$	2,857,283
Financial liabilities:
Derivative instruments	$	—	$	13,803	$	—	$	13,803

Reconciliation for assets and liabilities measured at fair value on a recurring basis

The following table provides 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
Three Months Ended March 31, 2022	Trust preferred securities
Three Months Ended March 31,
Balance at beginning of period	$	9,012
Accretion included in net income	7
Unrealized losses included in other comprehensive income	941
Realized losses	2,061
Sales	(12,021)
Balance at end of period	$	—

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:

March 31, 2022	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	3,111	$	3,111
OREO	—		—		2,062		2,062
Total	$	—	$	—	$	5,173	$	5,173

December 31, 2021	Level 1		Level 2		Level 3		Totals
Individually evaluated loans, net of allowance for credit losses	$	—	$	—	$	7,928	$	7,928
OREO	—		—		2,540		2,540
Total	$	—	$	—	$	10,468	$	10,468

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:

	March 31, 2022		December 31, 2021
Carrying amount prior to remeasurement	$	2,076	$	2,556
Impairment recognized in results of operations	(14)		(16)
Fair value	$	2,062	$	2,540

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 March 31, 2022 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	$	3,111	Appraised value of collateral less estimated costs to sell	Estimated costs to sell	4-10%
OREO	$	2,062	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 March 31, 2022 and December 31, 2021:

	Aggregate Fair Value		Aggregate Unpaid Principal Balance		Difference
March 31, 2022
Mortgage loans held for sale measured at fair value	$	280,464	$	281,669	$	(1,205)
December 31, 2021
Mortgage loans held for sale measured at fair value	$	453,533	$	441,717	$	11,816

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 March 31, 2022	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,607,493	$	1,607,493	$	—	$	—	$	1,607,493
Securities available for sale	2,405,316		—		2,405,316		—		2,405,316
Loans held for sale	280,464		—		280,464		—		280,464
Loans, net	10,146,991		—		—		9,860,650		9,860,650
Mortgage servicing rights	91,730		—		—		131,896		131,896
Derivative instruments	29,396		—		29,396		—		29,396
Financial liabilities
Deposits	$	13,990,897	$	12,650,868	$	1,321,023	$	—	$	13,971,891
Short-term borrowings	111,279		111,279		—		—		111,279
Federal Home Loan Bank advances	408		—		409		—		409
Junior subordinated debentures	111,518		—		104,427		—		104,427
Subordinated notes	323,490		—		322,900		—		322,900
Derivative instruments	18,923		—		18,923		—		18,923

			Fair Value
As of December 31, 2021	Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	1,877,965	$	1,877,965	$	—	$	—	$	1,877,965
Securities available for sale	2,386,052		—		2,386,052		—		2,386,052
Loans held for sale	453,533		—		453,533		—		453,533
Loans, net	9,856,743		—		—		9,690,604		9,690,604
Mortgage servicing rights	89,018		—		—		99,425		99,425
Derivative instruments	17,698		—		17,698		—		17,698
Financial liabilities
Deposits	$	13,905,724	$	12,494,342	$	1,408,397	$	—	$	13,902,739
Short-term borrowings	13,947		13,947		—		—		13,947
Federal Home Loan Bank advances	417		—		422		—		422
Junior subordinated debentures	111,373		—		106,682		—		106,682
Subordinated notes	359,419		—		373,950		—		373,950
Derivative instruments	13,803		—		13,803		—		13,803

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Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022
Securities available for sale:
Unrealized holding losses on securities	$	(134,756)	$	(34,294)	$	(100,462)
Amortization of unrealized holding gains on securities transferred to the held to maturity category	(99)		(25)		(74)
Total securities available for sale	(134,855)		(34,319)		(100,536)
Derivative instruments:
Unrealized holding gains on derivative instruments	8,556		2,177		6,379
Total derivative instruments	8,556		2,177		6,379
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	42		11		31
Total defined benefit pension and post-retirement benefit plans	42		11		31
Total other comprehensive loss	$	(126,257)	$	(32,131)	$	(94,126)
Three months ended March 31, 2021
Securities available for sale:
Unrealized holding losses on securities	$	(20,044)	$	(5,101)	$	(14,943)
Reclassification adjustment for gains realized in net income	(1,357)		(345)		(1,012)
Total securities available for sale	(21,401)		(5,446)		(15,955)
Derivative instruments:
Unrealized holding gains on derivative instruments	14,734		3,750		10,984
Total derivative instruments	14,734		3,750		10,984
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	54		12		42
Total defined benefit pension and post-retirement benefit plans	54		12		42
Total other comprehensive loss	$	(6,613)	$	(1,684)	$	(4,929)

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:

	March 31, 2022		December 31, 2021
Unrealized losses on securities	$	(109,652)	$	(9,116)
Unrealized gains on derivative instruments	10,342		3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,259)		(5,290)
Total accumulated other comprehensive loss	$	(104,569)	$	(10,443)

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Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

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
	March 31,
	2022		2021
Basic
Net income applicable to common stock	$	33,547	$	57,908
Average common shares outstanding	55,809,192		56,240,201
Net income per common share - basic	$	0.60	$	1.03
Diluted
Net income applicable to common stock	$	33,547	$	57,908
Average common shares outstanding	55,809,192		56,240,201
Effect of dilutive stock-based compensation	272,671		278,998
Average common shares outstanding - diluted	56,081,863		56,519,199
Net income per common share - diluted	$	0.60	$	1.02

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
	March 31,
	2022	2021
Number of shares	2,200	1,875

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Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022				December 31, 2021
	Amount		Ratio		Amount		Ratio
Renasant Corporation
Tier 1 Capital to Average Assets (Leverage)	$	1,424,268	9.00	%	$	1,422,077	9.15	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,316,342		10.78	%	1,314,295		11.18	%
Tier 1 Capital to Risk-Weighted Assets	1,424,268		11.67	%	1,422,077		12.10	%
Total Capital to Risk-Weighted Assets	1,892,630		15.50	%	1,897,167		16.14	%
Renasant Bank
Tier 1 Capital to Average Assets (Leverage)	$	1,581,608	10.00	%	$	1,580,904	10.18	%
Common Equity Tier 1 Capital to Risk-Weighted Assets	1,581,608		12.95	%	1,580,904		13.46	%
Tier 1 Capital to Risk-Weighted Assets	1,581,608		12.95	%	1,580,904		13.46	%
Total Capital to Risk-Weighted Assets	1,714,725		14.04	%	1,697,163		14.44	%

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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022
Net interest income (loss)	$	103,932	$	93	$	490	$	(4,886)	$	99,629
Provision for credit losses	1,500		—		—		—		1,500
Noninterest income (loss)	28,306		3,097		6,505		(450)		37,458
Noninterest expense	86,871		2,116		4,755		363		94,105
Income (loss) before income taxes	43,867		1,074		2,240		(5,699)		41,482
Income tax expense (benefit)	9,131		281		—		(1,477)		7,935
Net income (loss)	$	34,736	$	793	$	2,240	$	(4,222)	$	33,547
Total assets	$	16,757,670	$	33,794	$	64,761	$	7,532	$	16,863,757
Goodwill	$	943,524	$	2,767	$	—	$	—	$	946,291
Three months ended March 31, 2021
Net interest income (loss)	$	112,948	$	107	$	384	$	(3,791)	$	109,648
Provision for credit losses	—		—		—		—		—
Noninterest income (loss)	73,070		3,248		5,171		(452)		81,037
Noninterest expense (benefit)	109,586		1,923		4,101		325		115,935
Income (loss) before income taxes	76,432		1,432		1,454		(4,568)		74,750
Income tax expense (benefit)	17,656		367		—		(1,181)		16,842
Net income (loss)	$	58,776	$	1,065	$	1,454	$	(3,387)	$	57,908
Total assets	$	15,525,500	$	31,004	$	64,320	$	1,747	$	15,622,571
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	Mar. 31, 2022	Dec. 31, 2021
Amortized cost and fair value of securities available for sale
Amortized Cost	$ 2,554,976	$ 2,400,956
Gross Unrealized Gains	2,843	16,120
Gross Unrealized Losses	(152,503)	(31,024)
Fair Value	2,405,316	2,386,052
U.S. Treasury securities
Amortized cost and fair value of securities available for sale
Amortized Cost	2,000	3,007
Gross Unrealized Gains	0	3
Gross Unrealized Losses	0	0
Fair Value	2,000	3,010
Obligations of other U.S. Government agencies and corporations
Amortized cost and fair value of securities available for sale
Amortized Cost		153,847
Gross Unrealized Gains		5,532
Gross Unrealized Losses		(269)
Fair Value		159,110
Obligations of states and political subdivisions
Amortized cost and fair value of securities available for sale
Amortized Cost	161,565	0
Gross Unrealized Gains	1,117	0
Gross Unrealized Losses	(5,205)	0
Fair Value	157,477	0
Trust preferred securities
Amortized cost and fair value of securities available for sale
Amortized Cost		0
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		0
Other debt securities
Amortized cost and fair value of securities available for sale
Amortized Cost	94,996	36,515
Gross Unrealized Gains	385	1,097
Gross Unrealized Losses	(1,991)	(148)
Fair Value	93,390	37,464
Government agency mortgage backed securities | Residential mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	969,140	967,497
Gross Unrealized Gains	1,249	7,854
Gross Unrealized Losses	(48,493)	(6,816)
Fair Value	921,896	968,535
Government agency mortgage backed securities | Commercial mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	11,277	14,717
Gross Unrealized Gains	0	365
Gross Unrealized Losses	(371)	(1)
Fair Value	10,906	15,081
Government agency collateralized mortgage obligations | Residential mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	1,094,043	1,008,514
Gross Unrealized Gains	5	457
Gross Unrealized Losses	(83,591)	(20,371)
Fair Value	1,010,457	988,600
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Amortized cost and fair value of securities available for sale
Amortized Cost	221,955	216,859
Gross Unrealized Gains	87	812
Gross Unrealized Losses	(12,852)	(3,419)
Fair Value	$ 209,190	$ 214,252

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Securities - Amortized Cost and Fair Value, Held to Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 487,226	$ 416,389
Gross Unrealized Gains	0	334
Gross Unrealized Losses	(37,685)	(1,171)
Fair Value	449,541	415,552
Allowance for credit losses - held to maturity securities	(32)	(32)
Held to maturity securities, net of allowance for credit losses	487,194	416,357
Obligations of states and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	290,588	267,641
Gross Unrealized Gains	0	333
Gross Unrealized Losses	(26,969)	(685)
Fair Value	263,619	267,289
Residential mortgage backed securities:
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	23,403	24,832
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,904)	(92)
Fair Value	21,499	24,740
Other debt securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	21,938	22,049
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,120)	(79)
Fair Value	20,818	21,970
Government agency mortgage backed securities | Residential mortgage backed securities:
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	95,369	60,507
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(3,943)	(198)
Fair Value	91,426	60,310
Government agency mortgage backed securities | Commercial mortgage backed securities:
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	17,022	1,855
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,488)	0
Fair Value	15,534	1,855
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	38,906	39,505
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,261)	(117)
Fair Value	$ 36,645	$ 39,388

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Securities - Securities Sold (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Carrying Value		$ 154,034,000
Net Proceeds	$ 0	155,391,000
Gain/(Loss)		1,357,000
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Carrying Value		47,000
Net Proceeds		50,000
Gain/(Loss)		3,000
Residential mortgage backed securities: | Government agency mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Carrying Value		136,340,000
Net Proceeds		139,735,000
Gain/(Loss)		3,395,000
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) $ in Thousands	3 Months Ended
	Mar. 31, 2021 USD ($)
Investments, Debt and Equity Securities [Abstract]
Gross gains on sales of securities available for sale	$ 3,508
Gross losses on sales of securities available for sale	(2,151)
Gains on sales of securities available for sale, net	$ 1,357

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Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Allowance for credit losses - held to maturity securities	$ 32	$ 32
Amortized cost of debt securities held to maturity rated A or higher by rating agencies (percent)	99.90%
Secure government, public and trust deposits
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged as collateral	$ 684,687	607,681
Short-term borrowings
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged as collateral	$ 18,305	$ 21,493

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Securities - Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Due within one year	$ 155
Due after one year through five years	2,047
Due after five years through ten years	18,244
Due after ten years	270,142
Amortized Cost	487,226	$ 416,389
Fair Value
Due within one year	155
Due after one year through five years	1,977
Due after five years through ten years	16,884
Due after ten years	244,603
Fair Value	449,541	415,552
Amortized Cost
Due within one year	3,996
Due after one year through five years	37,518
Due after five years through ten years	66,830
Due after ten years	88,851
Amortized Cost	2,554,976	2,400,956
Fair Value
Due within one year	4,003
Due after one year through five years	37,814
Due after five years through ten years	66,946
Due after ten years	84,252
Fair Value	2,405,316	2,386,052
Residential mortgage backed securities:
Amortized Cost
Amortized Cost	23,403	24,832
Fair Value
Fair Value	21,499	24,740
Other debt securities
Amortized Cost
Without single maturity date, amortized cost	21,938
Amortized Cost	21,938	22,049
Fair Value
Without single maturity date, fair value	20,818
Fair Value	20,818	21,970
Amortized Cost
Debt securities, without fixed maturity, amortized cost	61,366
Amortized Cost	94,996	36,515
Fair Value
Debt securities, without fixed maturity, fair value	59,852
Fair Value	93,390	37,464
Government agency mortgage backed securities | Residential mortgage backed securities:
Amortized Cost
Without single maturity date, amortized cost	95,369
Amortized Cost	95,369	60,507
Fair Value
Without single maturity date, fair value	91,426
Fair Value	91,426	60,310
Amortized Cost
Debt securities, without fixed maturity, amortized cost	969,140
Amortized Cost	969,140	967,497
Fair Value
Debt securities, without fixed maturity, fair value	921,896
Fair Value	921,896	968,535
Government agency mortgage backed securities | Commercial mortgage backed securities:
Amortized Cost
Without single maturity date, amortized cost	17,022
Amortized Cost	17,022	1,855
Fair Value
Without single maturity date, fair value	15,534
Fair Value	15,534	1,855
Amortized Cost
Debt securities, without fixed maturity, amortized cost	11,277
Amortized Cost	11,277	14,717
Fair Value
Debt securities, without fixed maturity, fair value	10,906
Fair Value	10,906	15,081
Government agency collateralized mortgage obligations | Residential mortgage backed securities:
Amortized Cost
Without single maturity date, amortized cost	23,403
Fair Value
Without single maturity date, fair value	21,499
Amortized Cost
Debt securities, without fixed maturity, amortized cost	1,094,043
Amortized Cost	1,094,043	1,008,514
Fair Value
Debt securities, without fixed maturity, fair value	1,010,457
Fair Value	1,010,457	988,600
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Amortized Cost
Without single maturity date, amortized cost	38,906
Amortized Cost	38,906	39,505
Fair Value
Without single maturity date, fair value	36,645
Fair Value	36,645	39,388
Amortized Cost
Debt securities, without fixed maturity, amortized cost	221,955
Amortized Cost	221,955	216,859
Fair Value
Debt securities, without fixed maturity, fair value	209,190
Fair Value	$ 209,190	$ 214,252

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Securities - Gross Unrealized Losses and Fair Value by Investment Category (Details) $ in Thousands	Mar. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Available for Sale:
Number of positions, Less than 12 Months | security	219	121
Fair Value, Less than 12 Months	$ 1,987,809	$ 1,899,384
Unrealized Losses, Less than 12 Months	$ (133,960)	$ (30,120)
Number of positions, 12 Months or More | security	22	7
Fair value, 12 Months or More	$ 173,753	$ 25,634
Unrealized Losses, 12 Months or More	$ (18,543)	$ (904)
Number of positions | security	241	128
Fair Value	$ 2,161,562	$ 1,925,018
Unrealized Losses	$ (152,503)	$ (31,024)
Held to Maturity:
Number of positions, Less than 12 Months | security	197	90
Fair Value, Less than 12 Months	$ 416,494	$ 201,791
Unrealized Losses, Less than 12 Months	$ (34,916)	$ (1,154)
Number of positions, 12 Months or More | security	4	1
Fair Value, 12 Months or More	$ 33,047	$ 5,354
Unrealized Losses, 12 Months or More	$ (2,769)	$ (17)
Number of positions | security	201	91
Fair Value	$ 449,541	$ 207,145
Unrealized Losses	$ (37,685)	$ (1,171)
Obligations of states and political subdivisions
Available for Sale:
Number of positions, Less than 12 Months | security	41	8
Fair Value, Less than 12 Months	$ 81,646	$ 34,303
Unrealized Losses, Less than 12 Months	$ (4,767)	$ (216)
Number of positions, 12 Months or More | security	4	3
Fair value, 12 Months or More	$ 5,805	$ 3,892
Unrealized Losses, 12 Months or More	$ (438)	$ (53)
Number of positions | security	45	11
Fair Value	$ 87,451	$ 38,195
Unrealized Losses	$ (5,205)	$ (269)
Held to Maturity:
Number of positions, Less than 12 Months | security	127	24
Fair Value, Less than 12 Months	$ 261,920	$ 62,131
Unrealized Losses, Less than 12 Months	$ (26,786)	$ (685)
Number of positions, 12 Months or More | security	1	0
Fair Value, 12 Months or More	$ 1,699	$ 0
Unrealized Losses, 12 Months or More	$ (183)	$ 0
Number of positions | security	128	24
Fair Value	$ 263,619	$ 62,131
Unrealized Losses	$ (26,969)	$ (685)
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		0
Fair value, 12 Months or More		$ 0
Unrealized Losses, 12 Months or More		$ 0
Number of positions | security		0
Fair Value		$ 0
Unrealized Losses		$ 0
Other debt securities
Available for Sale:
Number of positions, Less than 12 Months | security	10	1
Fair Value, Less than 12 Months	$ 51,369	$ 8,699
Unrealized Losses, Less than 12 Months	$ (1,991)	$ (148)
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	10	1
Fair Value	$ 51,369	$ 8,699
Unrealized Losses	$ (1,991)	$ (148)
Held to Maturity:
Number of positions, Less than 12 Months | security	8	8
Fair Value, Less than 12 Months	$ 20,818	$ 21,972
Unrealized Losses, Less than 12 Months	$ (1,120)	$ (79)
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	8	8
Fair Value	$ 20,818	$ 21,972
Unrealized Losses	$ (1,120)	$ (79)
Government agency mortgage backed securities | Residential mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	80	41
Fair Value, Less than 12 Months	$ 761,484	$ 727,546
Unrealized Losses, Less than 12 Months	$ (43,653)	$ (6,312)
Number of positions, 12 Months or More | security	6	1
Fair value, 12 Months or More	$ 49,651	$ 12,305
Unrealized Losses, 12 Months or More	$ (4,840)	$ (504)
Number of positions | security	86	42
Fair Value	$ 811,135	$ 739,851
Unrealized Losses	$ (48,493)	$ (6,816)
Held to Maturity:
Number of positions, Less than 12 Months | security	55	50
Fair Value, Less than 12 Months	$ 86,842	$ 53,560
Unrealized Losses, Less than 12 Months	$ (3,599)	$ (181)
Number of positions, 12 Months or More | security	1	1
Fair Value, 12 Months or More	$ 4,584	$ 5,354
Unrealized Losses, 12 Months or More	$ (344)	$ (17)
Number of positions | security	56	51
Fair Value	$ 91,426	$ 58,914
Unrealized Losses	$ (3,943)	$ (198)
Government agency mortgage backed securities | Commercial mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	3	1
Fair Value, Less than 12 Months	$ 10,481	$ 1,791
Unrealized Losses, Less than 12 Months	$ (371)	$ (1)
Number of positions, 12 Months or More | security	1	1
Fair value, 12 Months or More	$ 425	$ 432
Unrealized Losses, 12 Months or More	$ 0	$ 0
Number of positions | security	4	2
Fair Value	$ 10,906	$ 2,223
Unrealized Losses	$ (371)	$ (1)
Held to Maturity:
Number of positions, Less than 12 Months | security	1
Fair Value, Less than 12 Months	$ 15,534
Unrealized Losses, Less than 12 Months	$ (1,488)
Number of positions, 12 Months or More | security	0
Fair Value, 12 Months or More	$ 0
Unrealized Losses, 12 Months or More	$ 0
Number of positions | security	1
Fair Value	$ 15,534
Unrealized Losses	$ (1,488)
Government agency collateralized mortgage obligations | Residential mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	61	49
Fair Value, Less than 12 Months	$ 932,820	$ 966,126
Unrealized Losses, Less than 12 Months	$ (74,437)	$ (20,371)
Number of positions, 12 Months or More | security	4	0
Fair value, 12 Months or More	$ 77,376	$ 0
Unrealized Losses, 12 Months or More	$ (9,154)	$ 0
Number of positions | security	65	49
Fair Value	$ 1,010,196	$ 966,126
Unrealized Losses	$ (83,591)	$ (20,371)
Held to Maturity:
Number of positions, Less than 12 Months | security	0	1
Fair Value, Less than 12 Months	$ 0	$ 24,740
Unrealized Losses, Less than 12 Months	$ 0	$ (92)
Number of positions, 12 Months or More | security	1	0
Fair Value, 12 Months or More	$ 21,499	$ 0
Unrealized Losses, 12 Months or More	$ (1,904)	$ 0
Number of positions | security	1	1
Fair Value	$ 21,499	$ 24,740
Unrealized Losses	$ (1,904)	$ (92)
Government agency collateralized mortgage obligations | Commercial mortgage backed securities:
Available for Sale:
Number of positions, Less than 12 Months | security	24	21
Fair Value, Less than 12 Months	$ 150,009	$ 160,919
Unrealized Losses, Less than 12 Months	$ (8,741)	$ (3,072)
Number of positions, 12 Months or More | security	7	2
Fair value, 12 Months or More	$ 40,496	$ 9,005
Unrealized Losses, 12 Months or More	$ (4,111)	$ (347)
Number of positions | security	31	23
Fair Value	$ 190,505	$ 169,924
Unrealized Losses	$ (12,852)	$ (3,419)
Held to Maturity:
Number of positions, Less than 12 Months | security	6	7
Fair Value, Less than 12 Months	$ 31,380	$ 39,388
Unrealized Losses, Less than 12 Months	$ (1,923)	$ (117)
Number of positions, 12 Months or More | security	1	0
Fair Value, 12 Months or More	$ 5,265	$ 0
Unrealized Losses, 12 Months or More	$ (338)	$ 0
Number of positions | security	7	7
Fair Value	$ 36,645	$ 39,388
Unrealized Losses	$ (2,261)	$ (117)

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Non Purchased Loans - Summary of Non-Purchased Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Summary of loans
Gross loans	$ 10,318,571	$ 10,024,981
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	10,313,459	10,020,914	$ 10,688,408
Commercial, financial, agricultural
Summary of loans
Gross loans	1,445,607	1,423,270
Loans, net of unearned income	1,445,607		2,249,287
Lease financing
Summary of loans
Gross loans	94,954	80,192
Loans, net of unearned income	89,842		75,256
Real estate – construction:
Summary of loans
Gross loans	1,222,052	1,104,896
Loans, net of unearned income	1,222,052		955,918
Real estate – construction: | Residential
Summary of loans
Gross loans	306,655	302,275
Real estate – construction: | Commercial
Summary of loans
Gross loans	915,397	802,621
Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	2,840,979	2,724,246
Loans, net of unearned income	2,840,979		2,686,061
Real estate – 1-4 family mortgage: | Primary
Summary of loans
Gross loans	1,925,813	1,816,120
Real estate – 1-4 family mortgage: | Home equity
Summary of loans
Gross loans	470,665	474,604
Real estate – 1-4 family mortgage: | Rental/investment
Summary of loans
Gross loans	292,811	288,474
Real estate – 1-4 family mortgage: | Land development
Summary of loans
Gross loans	151,690	145,048
Real estate – commercial mortgage:
Summary of loans
Gross loans	4,577,864	4,549,037
Loans, net of unearned income	4,577,864		4,549,027
Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	132,055	128,739
Real estate – commercial mortgage: | Owner-occupied
Summary of loans
Gross loans	1,538,693	1,563,351
Real estate – commercial mortgage: | Non-owner occupied
Summary of loans
Gross loans	2,907,116	2,856,947
Installment loans to individuals
Summary of loans
Gross loans	137,115	143,340
Loans, net of unearned income	137,115		$ 172,859
Non purchased loans and leases
Summary of loans
Gross loans	9,344,002	9,015,078
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	9,338,890	9,011,011
Non purchased loans and leases | Paycheck Protection Program
Summary of loans
Loans, net of unearned income	8,382	58,391
Non purchased loans and leases | Commercial, financial, agricultural
Summary of loans
Gross loans	1,336,239	1,332,962
Non purchased loans and leases | Lease financing
Summary of loans
Gross loans	94,954	80,192
Non purchased loans and leases | Real estate – construction:
Summary of loans
Gross loans	1,216,928	1,099,902
Non purchased loans and leases | Real estate – construction: | Residential
Summary of loans
Gross loans	305,396	300,988
Non purchased loans and leases | Real estate – construction: | Commercial
Summary of loans
Gross loans	911,532	798,914
Non purchased loans and leases | Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	2,644,587	2,508,473
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary
Summary of loans
Gross loans	1,803,750	1,682,050
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity
Summary of loans
Gross loans	424,426	423,108
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment
Summary of loans
Gross loans	274,117	268,245
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development
Summary of loans
Gross loans	142,294	135,070
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development
Summary of loans
Gross loans	142,294	135,070
Non purchased loans and leases | Real estate – commercial mortgage:
Summary of loans
Gross loans	3,945,540	3,885,984
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied
Summary of loans
Gross loans	1,318,446	1,329,219
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied
Summary of loans
Gross loans	2,510,981	2,446,370
Non purchased loans and leases | Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	116,113	110,395
Non purchased loans and leases | Installment loans to individuals
Summary of loans
Gross loans	$ 105,754	$ 107,565

XML

Non Purchased Loans - Narrative (Details)	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Outstanding balance of restructured loans	$ 10,146,991,000		$ 9,856,743,000
Allowance for loan losses attributable to restructured loans	$ 166,468,000	$ 173,106,000	$ 164,171,000	$ 176,144,000
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	0
Restructured loans discontinued past due period	90 days	90 days
Remaining availability under commitments to lend additional funds on restructured loans	$ 305,000	$ 305,000
Number of loan modifications | loan	8	4
Modified loans, balance	$ 7,365,000	$ 1,269,000
Non purchased loans and leases | Restructured loans
Loans and Allowance for Loan Losses (Additional Textual) [Abstract]
Outstanding balance of restructured loans	15,267,000	5,965,000
Allowance for loan losses attributable to restructured loans	$ 646,000	$ 328,000

XML

Non Purchased Loans - Aging of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 10,318,571	$ 10,024,981
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	10,313,459	10,020,914	$ 10,688,408
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,445,607	1,423,270
Loans, net of unearned income	1,445,607		2,249,287
Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	94,954	80,192
Loans, net of unearned income	89,842		75,256
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,222,052	1,104,896
Loans, net of unearned income	1,222,052		955,918
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,840,979	2,724,246
Loans, net of unearned income	2,840,979		2,686,061
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,577,864	4,549,037
Loans, net of unearned income	4,577,864		4,549,027
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	137,115	143,340
Loans, net of unearned income	137,115		$ 172,859
Residential | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	306,655	302,275
Commercial | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	915,397	802,621
Primary | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,925,813	1,816,120
Home equity | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	470,665	474,604
Rental/investment | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	292,811	288,474
Owner-occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,538,693	1,563,351
Non-owner occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,907,116	2,856,947
Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	9,344,002	9,015,078
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	9,338,890	9,011,011
Non purchased loans and leases | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,336,239	1,332,962
Non purchased loans and leases | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	94,954	80,192
Non purchased loans and leases | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,216,928	1,099,902
Non purchased loans and leases | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,644,587	2,508,473
Non purchased loans and leases | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,945,540	3,885,984
Non purchased loans and leases | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	105,754	107,565
Non purchased loans and leases | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	9,306,317	8,980,260
Non purchased loans and leases | Accruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,331,278	1,327,202
Non purchased loans and leases | Accruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	94,954	80,181
Non purchased loans and leases | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,216,928	1,099,902
Non purchased loans and leases | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,626,809	2,492,289
Non purchased loans and leases | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,935,973	3,877,445
Non purchased loans and leases | Accruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	105,487	107,308
Non purchased loans and leases | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income		0
Loans, net of unearned income	32,573	30,751
Non purchased loans and leases | Nonaccruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,961	5,760
Non purchased loans and leases | Nonaccruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	11
Non purchased loans and leases | Nonaccruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	0	0
Non purchased loans and leases | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	17,778	16,184
Non purchased loans and leases | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	9,567	8,539
Non purchased loans and leases | Nonaccruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	267	257
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	27,230	23,921
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	1,519	3,325
Non purchased loans and leases | 30-89 Days Past Due | Accruing 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 | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,857	1,077
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	19,699	17,085
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	3,481	1,456
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	674	978
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	7,639	3,964
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	739	1,669
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	4,088	2,102
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	2,809	163
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	3	30
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	209	1,074
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	77	103
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	132	834
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	0	125
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	12
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	12,590	13,462
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	2,875	2,665
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	11
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	0
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	8,595	9,577
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	1,100	1,114
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	20	95
Non purchased loans and leases | Current Loans | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	9,278,878	8,955,265
Non purchased loans and leases | Current Loans | Accruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,329,682	1,323,774
Non purchased loans and leases | Current Loans | Accruing Loans | Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	94,954	80,181
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,215,071	1,098,825
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	2,606,978	2,474,370
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,932,492	3,875,864
Non purchased loans and leases | Current Loans | Accruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	104,813	106,318
Non purchased loans and leases | Current Loans | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	12,344	13,325
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,347	1,426
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	5,095	4,505
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,658	7,262
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	244	132
Non purchased loans and leases | Residential | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	305,396	300,988
Non purchased loans and leases | Residential | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	305,396	300,988
Non purchased loans and leases | Residential | Nonaccruing 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 | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,857	1,077
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	0
Non purchased loans and leases | Residential | Current Loans | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	303,539	299,911
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	911,532	798,914
Non purchased loans and leases | Commercial | Accruing Loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	911,532	798,914
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	911,532	798,914
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	1,803,750	1,682,050
Non purchased loans and leases | Primary | Accruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,788,658	1,668,114
Non purchased loans and leases | Primary | Nonaccruing Loans | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	15,092	13,936
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	16,852	14,785
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	4,018	1,920
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	0	389
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	6,812	8,195
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	1,771,806	1,652,940
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	4,262	3,821
Non purchased loans and leases | Home equity | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	424,426	423,108
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	422,980	422,163
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	1,446	945
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	1,953	1,468
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	54	182
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	32	0
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	1,012	546
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	420,995	420,695
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	380	217
Non purchased loans and leases | Rental/investment | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	274,117	268,245
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	273,398	267,199
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	719	1,046
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	562	401
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	16	0
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	100	445
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	438	771
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	272,736	266,353
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	265	275
Non purchased loans and leases | Land development | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	142,294	135,070
Non purchased loans and leases | Land development | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	116,113	110,395
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	141,773	134,813
Non purchased loans and leases | Land development | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	115,784	110,051
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	521	257
Non purchased loans and leases | Land development | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	329	344
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	332	431
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	202	476
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	0
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	0	0
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	333	65
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	292	292
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	141,441	134,382
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	115,582	109,575
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	188	192
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	37	52
Non purchased loans and leases | Owner-occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,318,446	1,329,219
Non purchased loans and leases | Owner-occupied | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,314,829	1,326,532
Non purchased loans and leases | Owner-occupied | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,617	2,687
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	2,617	720
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	2,809	163
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	36
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	808	822
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	1,312,212	1,325,776
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	0	1,702
Non purchased loans and leases | Non-owner occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,510,981	2,446,370
Non purchased loans and leases | Non-owner occupied | Accruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,505,360	2,440,862
Non purchased loans and leases | Non-owner occupied | Nonaccruing Loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,621	5,508
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	662	260
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	0	89
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	0	0
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	2,504,698	2,440,513
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	$ 5,621	$ 5,508

XML

Non Purchased Loans - Impact of Modifications Classified as Restructured Loans (Details) - Non purchased loans and leases $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan
Restructured loans
Number of Loans | loan	8	4
Pre- Modification Amortized Cost	$ 7,365	$ 1,269
Post- Modification Amortized Cost	$ 7,373	$ 1,245
Real estate – 1-4 family mortgage: | Primary
Restructured loans
Number of Loans | loan	7	3
Pre- Modification Amortized Cost	$ 865	$ 432
Post- Modification Amortized Cost	$ 873	$ 435
Real estate – commercial mortgage: | Owner-occupied
Restructured loans
Number of Loans | loan	1
Pre- Modification Amortized Cost	$ 6,500
Post- Modification Amortized Cost	$ 6,500
Real estate – commercial mortgage: | Non-owner occupied
Restructured loans
Number of Loans | loan		1
Pre- Modification Amortized Cost		$ 837
Post- Modification Amortized Cost		$ 810

XML

Non Purchased Loans - Changes in Restructured Loans (Details) - Non purchased loans and leases $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) loan
Changes in restructured loans [Roll Forward]
Total, beginning balance | loan	97
Additional advances or loans with concessions | loan	8
Reductions due to:
Reclassified as nonperforming | loan	(4)
Paid in full | loan	(5)
Principal paydowns | loan	0
Total, ending balance | loan	96
Recorded Investment
Total, beginning balance | $	$ 14,650
Additional advances or loans with concessions | $	7,403
Reductions due to:
Reclassified as nonperforming | $	(452)
Paid in full | $	(530)
Principal paydowns | $	(91)
Total, ending balance | $	$ 20,980

XML

Non Purchased Loans - Loan Portfolio by Risk-Rating Grades (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Loan portfolio by risk-rating grades
Loans, net of unearned income	$ 10,313,459	$ 10,020,914	$ 10,688,408
Commercial, financial, agricultural
Loan portfolio by risk-rating grades
Loans, net of unearned income	1,445,607		2,249,287
Lease Financing Receivables
Loan portfolio by risk-rating grades
Loans, net of unearned income	89,842		75,256
Real estate – construction:
Loan portfolio by risk-rating grades
Loans, net of unearned income	1,222,052		955,918
Real estate – 1-4 family mortgage:
Loan portfolio by risk-rating grades
Loans, net of unearned income	2,840,979		2,686,061
Real estate – commercial mortgage:
Loan portfolio by risk-rating grades
Loans, net of unearned income	4,577,864		4,549,027
Installment loans to individuals
Loan portfolio by risk-rating grades
Loans, net of unearned income	137,115		$ 172,859
Non purchased loans and leases
Loan portfolio by risk-rating grades
Loans, net of unearned income	9,338,890	9,011,011
Non purchased loans and leases | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	764,739	2,135,373
Prior year	2,059,517	1,537,221
Two years prior	1,381,960	1,037,507
Three years prior	916,904	433,479
Four years prior	390,402	342,368
Prior	632,131	396,601
Revolving Loans	744,319	734,377
Revolving Loans Converted to Term	25,866	27,770
Loans, net of unearned income	6,915,838	6,644,696
Non purchased loans and leases | Pass
Loan portfolio by risk-rating grades
Current year	761,788	2,120,941
Prior year	2,046,632	1,524,037
Two years prior	1,371,508	1,019,102
Three years prior	900,273	421,558
Four years prior	386,756	282,737
Prior	550,572	372,065
Revolving Loans	742,129	730,279
Revolving Loans Converted to Term	23,890	25,303
Loans, net of unearned income	6,783,548	6,496,022
Non purchased loans and leases | Special Mention
Loan portfolio by risk-rating grades
Current year	89	12,885
Prior year	11,339	10,310
Two years prior	0	13,154
Three years prior	11,863	7,561
Four years prior	272	35,514
Prior	28,185	9,548
Revolving Loans	601	651
Revolving Loans Converted to Term	932	1,712
Loans, net of unearned income	53,281	91,335
Non purchased loans and leases | Substandard
Loan portfolio by risk-rating grades
Current year	2,862	1,547
Prior year	1,546	2,874
Two years prior	10,452	5,251
Three years prior	4,768	4,360
Four years prior	3,374	24,117
Prior	53,374	14,988
Revolving Loans	1,589	3,447
Revolving Loans Converted to Term	1,044	755
Loans, net of unearned income	79,009	57,339
Non purchased loans and leases | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	223,260	687,705
Prior year	688,497	474,103
Two years prior	411,002	247,329
Three years prior	206,038	171,766
Four years prior	150,088	122,241
Prior	292,849	219,586
Revolving Loans	448,311	440,773
Revolving Loans Converted to Term	3,007	2,812
Loans, net of unearned income	2,423,052	2,366,315
Non purchased loans and leases | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	223,147	687,026
Prior year	687,993	473,004
Two years prior	409,386	244,736
Three years prior	203,530	166,685
Four years prior	145,222	120,117
Prior	286,926	216,292
Revolving Loans	447,490	440,078
Revolving Loans Converted to Term	2,450	2,635
Loans, net of unearned income	2,406,144	2,350,573
Non purchased loans and leases | Non-Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	113	679
Prior year	504	1,099
Two years prior	1,616	2,593
Three years prior	2,508	5,081
Four years prior	4,866	2,124
Prior	5,923	3,294
Revolving Loans	821	695
Revolving Loans Converted to Term	557	177
Loans, net of unearned income	16,908	15,742
Non purchased loans and leases | Commercial | 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 | 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 | 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	96,762	300,748
Prior year	276,836	245,940
Two years prior	184,316	122,350
Three years prior	105,812	44,533
Four years prior	39,160	15,384
Prior	21,356	11,103
Revolving Loans	573,245	557,628
Revolving Loans Converted to Term	4,504	2,757
Loans, net of unearned income	1,301,991	1,300,443
Non purchased loans and leases | Commercial, financial, agricultural | Pass
Loan portfolio by risk-rating grades
Current year	96,208	299,731
Prior year	275,666	245,657
Two years prior	176,524	120,102
Three years prior	105,294	43,042
Four years prior	37,590	14,603
Prior	20,606	8,605
Revolving Loans	571,066	553,541
Revolving Loans Converted to Term	3,497	2,002
Loans, net of unearned income	1,286,451	1,287,283
Non purchased loans and leases | Commercial, financial, agricultural | Special Mention
Loan portfolio by risk-rating grades
Current year	89	0
Prior year	0	136
Two years prior	0	1,798
Three years prior	194	281
Four years prior	272	605
Prior	0	1,196
Revolving Loans	601	651
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,156	4,667
Non purchased loans and leases | Commercial, financial, agricultural | Substandard
Loan portfolio by risk-rating grades
Current year	465	1,017
Prior year	1,170	147
Two years prior	7,792	450
Three years prior	324	1,210
Four years prior	1,298	176
Prior	750	1,302
Revolving Loans	1,578	3,436
Revolving Loans Converted to Term	1,007	755
Loans, net of unearned income	14,384	8,493
Non purchased loans and leases | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	71
Prior year	24	0
Two years prior	0	0
Three years prior	0	1
Four years prior	0	0
Prior	4,586	8,983
Revolving Loans	29,638	23,464
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	34,248	32,519
Non purchased loans and leases | Commercial, financial, agricultural | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	0	71
Prior year	24	0
Two years prior	0	0
Three years prior	0	1
Four years prior	0	0
Prior	4,586	8,983
Revolving Loans	29,638	23,464
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	34,248	32,519
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	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 | Lease Financing Receivables | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	19,463
Prior year	24,644
Two years prior	21,969
Three years prior	14,215
Four years prior	6,758
Prior	2,793
Revolving Loans	0
Revolving Loans Converted to Term	0
Loans, net of unearned income	89,842
Non purchased loans and leases | Lease Financing Receivables | Pass
Loan portfolio by risk-rating grades
Current year	19,463
Prior year	24,644
Two years prior	21,969
Three years prior	14,215
Four years prior	6,758
Prior	2,341
Revolving Loans	0
Revolving Loans Converted to Term	0
Loans, net of unearned income	89,390
Non purchased loans and leases | Lease Financing Receivables | Special Mention
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	452
Revolving Loans	0
Revolving Loans Converted to Term	0
Loans, net of unearned income	452
Non purchased loans and leases | Lease Financing Receivables | Substandard
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 | Lease Financing Receivables | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year		26,301
Prior year		23,270
Two years prior		15,504
Three years prior		7,713
Four years prior		2,169
Prior		1,168
Revolving Loans		0
Revolving Loans Converted to Term		0
Loans, net of unearned income		76,125
Non purchased loans and leases | Lease Financing Receivables | Performing Loans | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year		26,301
Prior year		23,270
Two years prior		15,504
Three years prior		7,713
Four years prior		2,167
Prior		1,159
Revolving Loans		0
Revolving Loans Converted to Term		0
Loans, net of unearned income		76,114
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
Prior year		0
Two years prior		0
Three years prior		0
Four years prior		2
Prior		9
Revolving Loans		0
Revolving Loans Converted to Term		0
Loans, net of unearned income		11
Non purchased loans and leases | Real estate – construction: | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	162,809	461,370
Prior year	482,341	371,694
Two years prior	318,316	174,369
Three years prior	145,402	14,813
Four years prior	15,525	0
Prior	0	0
Revolving Loans	6,539	3,769
Revolving Loans Converted to Term	602	2,428
Loans, net of unearned income	1,131,534	1,028,443
Non purchased loans and leases | Real estate – construction: | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	7,060	57,283
Prior year	70,624	12,561
Two years prior	6,079	1,615
Three years prior	1,631	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	85,394	71,459
Non purchased loans and leases | Real estate – construction: | Residential | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	61,146	210,734
Prior year	150,122	12,598
Two years prior	6,025	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	2,107	3,769
Revolving Loans Converted to Term	602	2,428
Loans, net of unearned income	220,002	229,529
Non purchased loans and leases | Real estate – construction: | Residential | Pass
Loan portfolio by risk-rating grades
Current year	61,146	210,734
Prior year	150,122	12,598
Two years prior	6,025	0
Three years prior	0	0
Four years prior	0	0
Prior	0	0
Revolving Loans	2,107	3,769
Revolving Loans Converted to Term	602	2,428
Loans, net of unearned income	220,002	229,529
Non purchased loans and leases | Real estate – construction: | Residential | 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 – construction: | Residential | 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: | Residential | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	7,060	57,283
Prior year	70,624	12,561
Two years prior	6,079	1,615
Three years prior	1,631	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	85,394	71,459
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	7,060	57,283
Prior year	70,624	12,561
Two years prior	6,079	1,615
Three years prior	1,631	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	85,394	71,459
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	101,663	250,636
Prior year	332,219	359,096
Two years prior	312,291	174,369
Three years prior	145,402	14,813
Four years prior	15,525	0
Prior	0	0
Revolving Loans	4,432	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	911,532	798,914
Non purchased loans and leases | Real estate – construction: | Commercial | Pass
Loan portfolio by risk-rating grades
Current year	101,663	250,636
Prior year	331,298	359,096
Two years prior	312,291	174,369
Three years prior	145,402	14,813
Four years prior	15,525	0
Prior	0	0
Revolving Loans	4,432	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	910,611	798,914
Non purchased loans and leases | Real estate – construction: | Commercial | Special Mention
Loan portfolio by risk-rating grades
Current year	0	0
Prior year	921	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	921	0
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		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 – construction: | Commercial | 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 – 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	86,992	205,137
Prior year	180,183	83,038
Two years prior	67,130	60,240
Three years prior	43,262	30,044
Four years prior	24,115	28,340
Prior	29,405	8,846
Revolving Loans	26,986	25,534
Revolving Loans Converted to Term	854	941
Loans, net of unearned income	458,927	442,120
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	202,102	554,483
Prior year	576,608	419,252
Two years prior	389,909	205,014
Three years prior	182,310	155,535
Four years prior	142,482	117,619
Prior	284,535	207,381
Revolving Loans	404,747	404,293
Revolving Loans Converted to Term	2,967	2,776
Loans, net of unearned income	2,185,660	2,066,353
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	7,747	15,599
Prior year	12,478	7,698
Two years prior	6,702	3,662
Three years prior	2,969	5,985
Four years prior	4,159	4,150
Prior	4,803	1,066
Revolving Loans	6,002	4,727
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	44,860	42,887
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Pass
Loan portfolio by risk-rating grades
Current year	7,538	15,599
Prior year	12,478	7,698
Two years prior	6,702	3,496
Three years prior	2,848	5,985
Four years prior	4,159	4,066
Prior	4,436	1,057
Revolving Loans	5,991	4,716
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	44,152	42,617
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	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: | Primary | Substandard
Loan portfolio by risk-rating grades
Current year	209	0
Prior year	0	0
Two years prior	0	166
Three years prior	121	0
Four years prior	0	84
Prior	367	9
Revolving Loans	11	11
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	708	270
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	199,643	542,659
Prior year	566,132	415,863
Two years prior	387,647	203,739
Three years prior	181,465	153,717
Four years prior	140,891	116,689
Prior	283,112	206,496
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,758,890	1,639,163
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	199,643	542,053
Prior year	565,669	414,931
Two years prior	386,148	201,273
Three years prior	179,052	148,649
Four years prior	136,035	114,669
Prior	277,478	203,416
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,744,025	1,624,991
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	606
Prior year	463	932
Two years prior	1,499	2,466
Three years prior	2,413	5,068
Four years prior	4,856	2,020
Prior	5,634	3,080
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	14,865	14,172
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	0	1,318
Prior year	1,324	0
Two years prior	0	42
Three years prior	41	131
Four years prior	127	0
Prior	0	0
Revolving Loans	13,817	13,615
Revolving Loans Converted to Term	9	10
Loans, net of unearned income	15,318	15,116
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Pass
Loan portfolio by risk-rating grades
Current year	0	1,318
Prior year	1,324	0
Two years prior	0	42
Three years prior	41	131
Four years prior	127	0
Prior	0	0
Revolving Loans	13,817	13,615
Revolving Loans Converted to Term	9	10
Loans, net of unearned income	15,318	15,116
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	520	111
Prior year	111	0
Two years prior	0	79
Three years prior	79	225
Four years prior	224	0
Prior	460	508
Revolving Loans	404,747	404,293
Revolving Loans Converted to Term	2,967	2,776
Loans, net of unearned income	409,108	407,992
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	520	111
Prior year	111	0
Two years prior	0	79
Three years prior	79	225
Four years prior	224	0
Prior	388	435
Revolving Loans	403,926	403,598
Revolving Loans Converted to Term	2,413	2,599
Loans, net of unearned income	407,661	407,047
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	72	73
Revolving Loans	821	695
Revolving Loans Converted to Term	554	177
Loans, net of unearned income	1,447	945
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	41,987	111,006
Prior year	100,533	61,801
Two years prior	51,166	33,734
Three years prior	29,396	23,520
Four years prior	19,608	23,890
Prior	24,032	7,469
Revolving Loans	6,321	5,554
Revolving Loans Converted to Term	845	931
Loans, net of unearned income	273,888	267,905
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Pass
Loan portfolio by risk-rating grades
Current year	41,966	110,987
Prior year	100,456	60,855
Two years prior	50,958	32,733
Three years prior	28,363	23,246
Four years prior	19,339	23,708
Prior	23,306	7,098
Revolving Loans	6,321	5,554
Revolving Loans Converted to Term	845	931
Loans, net of unearned income	271,554	265,112
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	249
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	249
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Substandard
Loan portfolio by risk-rating grades
Current year	21	19
Prior year	77	697
Two years prior	208	1,001
Three years prior	1,033	274
Four years prior	269	182
Prior	726	371
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,334	2,544
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	0	0
Prior year	0	0
Two years prior	0	99
Three years prior	0	0
Four years prior	0	23
Prior	229	218
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	229	340
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	0	0
Prior year	0	0
Two years prior	0	99
Three years prior	0	0
Four years prior	0	23
Prior	176	164
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	176	286
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	0	0
Prior year	0	0
Two years prior	0	0
Three years prior	0	0
Four years prior	0	0
Prior	53	54
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	53	54
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	37,258	77,214
Prior year	65,848	13,539
Two years prior	9,262	22,802
Three years prior	10,856	408
Four years prior	221	300
Prior	570	311
Revolving Loans	846	1,638
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	124,861	116,212
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Pass
Loan portfolio by risk-rating grades
Current year	37,258	74,818
Prior year	65,848	13,539
Two years prior	8,974	22,769
Three years prior	10,832	408
Four years prior	221	300
Prior	570	311
Revolving Loans	846	1,638
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	124,549	113,783
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Special Mention
Loan portfolio by risk-rating grades
Current year	0	2,396
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	2,396
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	0
Two years prior	288	33
Three years prior	24	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	312	33
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	1,939	11,713
Prior year	10,365	3,389
Two years prior	2,262	1,097
Three years prior	766	1,593
Four years prior	1,367	907
Prior	734	159
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	17,433	18,858
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	1,939	11,688
Prior year	10,340	3,298
Two years prior	2,172	1,065
Three years prior	734	1,593
Four years prior	1,367	832
Prior	672	159
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	17,224	18,635
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	25
Prior year	25	91
Two years prior	90	32
Three years prior	32	0
Four years prior	0	75
Prior	62	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	209	223
Non purchased loans and leases | Real estate – commercial mortgage: | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	398,640	1,168,118
Prior year	1,095,513	836,549
Two years prior	790,229	680,506
Three years prior	608,176	344,089
Four years prior	304,844	298,644
Prior	578,577	376,652
Revolving Loans	137,549	147,446
Revolving Loans Converted to Term	19,906	21,644
Loans, net of unearned income	3,933,434	3,873,648
Non purchased loans and leases | Real estate – commercial mortgage: | Not Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	1,004	5,265
Prior year	4,940	3,584
Two years prior	3,204	2,082
Three years prior	1,785	800
Four years prior	748	468
Prior	425	137
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	12,106	12,336
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	16,357	46,303
Prior year	43,391	19,060
Two years prior	16,049	11,040
Three years prior	10,090	6,621
Four years prior	5,805	3,204
Prior	3,182	2,752
Revolving Loans	9,312	9,304
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	104,186	98,284
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Pass
Loan portfolio by risk-rating grades
Current year	14,759	46,034
Prior year	43,123	17,030
Two years prior	15,713	11,040
Three years prior	10,090	6,569
Four years prior	5,724	3,204
Prior	3,182	2,752
Revolving Loans	9,312	9,304
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	101,903	95,933
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Special Mention
Loan portfolio by risk-rating grades
Current year	0	44
Prior year	43	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	43	44
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Substandard
Loan portfolio by risk-rating grades
Current year	1,598	225
Prior year	225	2,030
Two years prior	336	0
Three years prior	0	52
Four years prior	81	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,240	2,307
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	1,004	5,265
Prior year	4,940	3,417
Two years prior	3,039	2,024
Three years prior	1,771	800
Four years prior	748	468
Prior	425	137
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	11,927	12,111
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	1,004	5,265
Prior year	4,940	3,417
Two years prior	3,039	2,008
Three years prior	1,755	800
Four years prior	748	468
Prior	374	86
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	11,860	12,044
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	0	0
Two years prior	0	16
Three years prior	16	0
Four years prior	0	0
Prior	51	51
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	67	67
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	121,718	312,031
Prior year	302,860	305,686
Two years prior	266,970	220,057
Three years prior	197,621	164,345
Four years prior	146,863	140,265
Prior	219,190	117,767
Revolving Loans	55,759	59,126
Revolving Loans Converted to Term	7,316	9,748
Loans, net of unearned income	1,318,297	1,329,025
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Pass
Loan portfolio by risk-rating grades
Current year	121,353	310,736
Prior year	301,595	304,555
Two years prior	265,142	218,447
Three years prior	196,020	161,521
Four years prior	145,137	134,410
Prior	203,852	109,577
Revolving Loans	55,759	59,126
Revolving Loans Converted to Term	6,347	8,036
Loans, net of unearned income	1,295,205	1,306,408
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Special Mention
Loan portfolio by risk-rating grades
Current year	0	1,210
Prior year	1,191	1,131
Two years prior	0	0
Three years prior	347	0
Four years prior	0	1,733
Prior	3,127	328
Revolving Loans	0	0
Revolving Loans Converted to Term	932	1,712
Loans, net of unearned income	5,597	6,114
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Substandard
Loan portfolio by risk-rating grades
Current year	365	85
Prior year	74	0
Two years prior	1,828	1,610
Three years prior	1,254	2,824
Four years prior	1,726	4,122
Prior	12,211	7,862
Revolving Loans	0	0
Revolving Loans Converted to Term	37	0
Loans, net of unearned income	17,495	16,503
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	0	0
Prior year	0	136
Two years prior	135	58
Three years prior	14	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	149	194
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	0	0
Prior year	0	136
Two years prior	135	58
Three years prior	14	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	149	194
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	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 – commercial mortgage: | Non-owner occupied | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	260,565	809,784
Prior year	749,262	511,803
Two years prior	507,210	449,409
Three years prior	400,465	173,123
Four years prior	152,176	155,175
Prior	356,205	256,133
Revolving Loans	72,478	79,016
Revolving Loans Converted to Term	12,590	11,896
Loans, net of unearned income	2,510,951	2,446,339
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Pass
Loan portfolio by risk-rating grades
Current year	260,361	800,348
Prior year	740,078	503,009
Two years prior	507,210	436,062
Three years prior	387,131	165,843
Four years prior	152,176	102,446
Prior	292,279	242,665
Revolving Loans	72,478	79,016
Revolving Loans Converted to Term	12,590	11,896
Loans, net of unearned income	2,424,303	2,341,285
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Special Mention
Loan portfolio by risk-rating grades
Current year	0	9,235
Prior year	9,184	8,794
Two years prior	0	11,356
Three years prior	11,322	7,280
Four years prior	0	33,176
Prior	24,606	8,024
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	45,112	77,865
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Substandard
Loan portfolio by risk-rating grades
Current year	204	201
Prior year	0	0
Two years prior	0	1,991
Three years prior	2,012	0
Four years prior	0	19,553
Prior	39,320	5,444
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	41,536	27,189
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	0	0
Prior year	0	31
Two years prior	30	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	30	31
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	0	0
Prior year	0	31
Two years prior	30	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	30	31
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	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 | Subject to Credit Risk Assessment
Loan portfolio by risk-rating grades
Current year	73	0
Prior year	0	0
Two years prior	0	42
Three years prior	37	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	110	42
Non purchased loans and leases | Installment loans to individuals | Pass
Loan portfolio by risk-rating grades
Current year	73	0
Prior year	0	0
Two years prior	0	42
Three years prior	37	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	110	42
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	13,094	44,302
Prior year	36,301	15,436
Two years prior	11,810	23,114
Three years prior	20,312	7,717
Four years prior	6,858	1,985
Prior	3,303	1,917
Revolving Loans	13,926	13,016
Revolving Loans Converted to Term	40	36
Loans, net of unearned income	105,644	107,523
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	12,981	44,254
Prior year	36,285	15,360
Two years prior	11,783	23,035
Three years prior	20,265	7,704
Four years prior	6,848	1,958
Prior	3,252	1,890
Revolving Loans	13,926	13,016
Revolving Loans Converted to Term	37	36
Loans, net of unearned income	105,377	107,253
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	113	48
Prior year	16	76
Two years prior	27	79
Three years prior	47	13
Four years prior	10	27
Prior	51	27
Revolving Loans	0	0
Revolving Loans Converted to Term	3	0
Loans, net of unearned income	$ 267	$ 270

XML

Purchased Loans - Summary of Purchased Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Summary of loans
Gross loans	$ 10,313,459	$ 10,020,914	$ 10,688,408
Commercial, financial, agricultural
Summary of loans
Gross loans	1,445,607		2,249,287
Real estate – construction:
Summary of loans
Gross loans	1,222,052		955,918
Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	2,840,979		2,686,061
Real estate – commercial mortgage:
Summary of loans
Gross loans	4,577,864		4,549,027
Installment loans to individuals
Summary of loans
Gross loans	137,115		$ 172,859
Purchased loans
Summary of loans
Gross loans	974,569	1,009,903
Purchased loans | Commercial, financial, agricultural
Summary of loans
Gross loans	109,368	90,308
Purchased loans | Real estate – construction:
Summary of loans
Gross loans	5,124	4,994
Purchased loans | Real estate – construction: | Residential
Summary of loans
Gross loans	1,259	1,287
Purchased loans | Real estate – construction: | Commercial
Summary of loans
Gross loans	3,865	3,707
Purchased loans | Real estate – 1-4 family mortgage:
Summary of loans
Gross loans	196,392	215,773
Purchased loans | Real estate – 1-4 family mortgage: | Primary
Summary of loans
Gross loans	122,063	134,070
Purchased loans | Real estate – 1-4 family mortgage: | Home equity
Summary of loans
Gross loans	46,239	51,496
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment
Summary of loans
Gross loans	18,694	20,229
Purchased loans | Real estate – 1-4 family mortgage: | Land development
Summary of loans
Gross loans	9,396	9,978
Purchased loans | Real estate – commercial mortgage:
Summary of loans
Gross loans	632,324	663,053
Purchased loans | Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	15,942	18,344
Purchased loans | Real estate – commercial mortgage: | Owner-occupied
Summary of loans
Gross loans	220,247	234,132
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied
Summary of loans
Gross loans	396,135	410,577
Purchased loans | Real estate – commercial mortgage: | Land development
Summary of loans
Gross loans	15,942	18,344
Purchased loans | Installment loans to individuals
Summary of loans
Gross loans	$ 31,361	$ 35,775

XML

Purchased Loans - Carrying amount of PCD loans at the acquisition date (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Receivables [Abstract]
Purchase price of loans at acquisition	$ 6,543
Allowance for credit losses at acquisition	1,648
Par value of acquired loans at acquisition	$ 8,191

XML

Purchased Loans - Aging of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 10,313,459	$ 10,020,914	$ 10,688,408
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,445,607		2,249,287
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,222,052		955,918
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,840,979		2,686,061
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,577,864		4,549,027
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	137,115		$ 172,859
Purchased loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	974,569	1,009,903
Purchased loans | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	955,147	991,290
Purchased loans | Accruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	3,387	3,683
Purchased loans | Accruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	38	367
Purchased loans | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	951,722	987,240
Purchased loans | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	19,422	18,613
Purchased loans | Nonaccruing Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,228	340
Purchased loans | Nonaccruing Loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,105	4,516
Purchased loans | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	11,089	13,757
Purchased loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	109,368	90,308
Purchased loans | Commercial, financial, agricultural | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	101,229	83,040
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	316	122
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	0
Purchased loans | Commercial, financial, agricultural | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	100,913	82,918
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	8,139	7,268
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	203	42
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	1,996	1,618
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,940	5,608
Purchased loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,124	4,994
Purchased loans | Real estate – construction: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,124	4,994
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	0	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	5,124	4,994
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	196,392	215,773
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	190,339	209,723
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	1,596	1,211
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	0	36
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	188,743	208,476
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	6,053	6,050
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	1,078	283
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	1,971	2,598
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	3,004	3,169
Purchased loans | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	632,324	663,053
Purchased loans | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	627,186	657,996
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	368	1,511
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	38	323
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	626,780	656,162
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,138	5,057
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	2,931	0
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	138	289
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,069	4,768
Purchased loans | Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	31,361	35,775
Purchased loans | Installment loans to individuals | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	31,269	35,537
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	1,107	839
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	0	8
Purchased loans | Installment loans to individuals | Accruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	30,162	34,690
Purchased loans | Installment loans to individuals | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	92	238
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	16	15
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	0	11
Purchased loans | Installment loans to individuals | Nonaccruing Loans | Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	76	212
Purchased loans | Residential | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,259	1,287
Purchased loans | Residential | Real estate – construction: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,259	1,287
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	0	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	1,259	1,287
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	3,865	3,707
Purchased loans | Commercial | Real estate – construction: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	3,865	3,707
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	3,865	3,707
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	122,063	134,070
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	116,824	128,898
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	1,224	1,042
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	0	36
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	115,600	127,820
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,239	5,172
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	981	257
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	1,706	2,225
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	2,552	2,690
Purchased loans | Home equity | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	46,239	51,496
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	45,484	50,722
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	297	149
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	0
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	45,187	50,573
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	755	774
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	97	0
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	265	373
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	393	401
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	18,694	20,229
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	18,635	20,125
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	0	20
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	0
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	18,635	20,105
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	59	104
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	0	26
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	0	0
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	59	78
Purchased loans | Land development | Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	9,396	9,978
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	9,396	9,978
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	75	0
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	9,321	9,978
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	0	0
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	0	0
Purchased loans | Land development | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	15,942	18,344
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	15,824	18,218
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	0	0
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	38	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	15,786	18,218
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	118	126
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	0	0
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	118	126
Purchased loans | Owner-occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	220,247	234,132
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	218,164	232,139
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	314	1,511
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	323
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	217,850	230,305
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,083	1,993
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	0	0
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	138	289
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	1,945	1,704
Purchased loans | Non-owner occupied | Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	396,135	410,577
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	393,198	407,639
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	54	0
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	0	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	393,144	407,639
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,937	2,938
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	2,931	0
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	$ 6	$ 2,938

XML

Purchased Loans - Narrative (Details)	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Loans and Allowance for Loan Losses (Textual) [Abstract]
Acquisition, at fair value	$ 28,110,000
Outstanding balance of restructured loans	10,146,991,000		$ 9,856,743,000
Troubled debt restructured that has subsequently defaulted	0	$ 0
Allowance for loan losses attributable to restructured loans	$ 166,468,000	$ 173,106,000	$ 164,171,000	$ 176,144,000
Purchased loans
Loans and Allowance for Loan Losses (Textual) [Abstract]
Number of restructured loans | loan	0	0
Restructured loans discontinued past due period	90 days	90 days
Remaining availability under commitments to lend additional funds on restructured loans	$ 0	$ 153,000
Purchased loans | Restructured loans
Loans and Allowance for Loan Losses (Textual) [Abstract]
Outstanding balance of restructured loans	9,944,000	19,140,000
Allowance for loan losses attributable to restructured loans	$ 69,000	$ 167,000

XML

Purchased Loans - Impact of Modifications Classified as Restructured Loans (Details) - Purchased loans $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan
Real estate – 1-4 family mortgage: | Land development
Restructured loans
Number of Loans | loan	3
Pre- Modification Outstanding Recorded Investment	$ 98
Post- Modification Outstanding Recorded Investment	$ 94
Commercial, financial, agricultural
Restructured loans
Number of Loans | loan		1
Pre- Modification Outstanding Recorded Investment		$ 135
Post- Modification Outstanding Recorded Investment		$ 135

XML

Purchased Loans - Changes in Restructured Loans (Details) - Purchased loans $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) loan
Number of Loans
Total, beginning balance | loan	38
Additional advances or loans with concessions | loan	3
Reclassified as performing restructured loan | loan	3
Reclassified to nonperforming loans | loan	(2)
Paid in full | loan	(2)
Charge-offs | loan	0
Principal paydowns | loan	0
Total, ending balance | loan	40
Recorded Investment
Total, beginning balance | $	$ 5,609
Additional advances or loans with concessions | $	110
Reclassified as performing restructured loan | $	302
Reclassified to nonperforming loans | $	(41)
Paid in full | $	(1,596)
Charge-offs | $	0
Principal paydowns | $	(44)
Total, ending balance | $	$ 4,340

XML

Purchased Loans - Loan Portfolio by Risk-Rating Grades (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 10,313,459	$ 10,020,914	$ 10,688,408
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,445,607		2,249,287
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,222,052		955,918
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,840,979		2,686,061
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	4,577,864		4,549,027
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	137,115		$ 172,859
Purchased loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	974,569	1,009,903
Purchased loans | 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	1,123
Three years prior	1,103	73,470
Four years prior	64,916	138,282
Prior	637,566	530,779
Revolving Loans	70,319	45,716
Revolving Loans Converted to Term	15,461	15,851
Loans, net of unearned income	789,365	805,221
Purchased loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	1,123
Three years prior	1,103	56,506
Four years prior	47,958	128,133
Prior	566,939	463,735
Revolving Loans	68,560	44,422
Revolving Loans Converted to Term	5,021	5,317
Loans, net of unearned income	689,581	699,236
Purchased loans | 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	16,616
Four years prior	16,611	1,553
Prior	7,057	5,991
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	23,668	24,160
Purchased loans | 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	348
Four years prior	347	8,596
Prior	63,570	61,053
Revolving Loans	1,759	1,294
Revolving Loans Converted to Term	10,440	10,534
Loans, net of unearned income	76,116	81,825
Purchased loans | 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	202
Three years prior	200	22,208
Four years prior	19,187	29,740
Prior	123,494	105,499
Revolving Loans	40,974	45,644
Revolving Loans Converted to Term	1,349	1,389
Loans, net of unearned income	185,204	204,682
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	0
Two years prior	0	202
Three years prior	200	22,084
Four years prior	19,074	29,130
Prior	118,341	100,894
Revolving Loans	40,389	45,241
Revolving Loans Converted to Term	1,216	1,245
Loans, net of unearned income	179,220	198,796
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	0
Three years prior	0	124
Four years prior	113	610
Prior	5,153	4,605
Revolving Loans	585	403
Revolving Loans Converted to Term	133	144
Loans, net of unearned income	5,984	5,886
Purchased loans | Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	109,368	90,308
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	0
Two years prior	0	646
Three years prior	629	12,199
Four years prior	6,149	12,247
Prior	33,798	25,562
Revolving Loans	67,658	38,328
Revolving Loans Converted to Term	1,134	1,326
Loans, net of unearned income	109,368	90,308
Purchased loans | Commercial, financial, agricultural | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	0	646
Three years prior	629	11,612
Four years prior	5,569	8,918
Prior	25,590	18,877
Revolving Loans	66,049	37,555
Revolving Loans Converted to Term	740	899
Loans, net of unearned income	98,577	78,507
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	0
Three years prior	0	246
Four years prior	239	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	239	246
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	0
Three years prior	0	341
Four years prior	341	3,329
Prior	8,208	6,685
Revolving Loans	1,609	773
Revolving Loans Converted to Term	394	427
Loans, net of unearned income	10,552	11,555
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	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 | 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	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 | 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	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,124	4,994
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	0
Three years prior	0	601
Four years prior	575	0
Prior	4,549	4,393
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,124	4,994
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	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
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,259	1,287
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	0
Three years prior	0	601
Four years prior	575	0
Prior	684	686
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,259	1,287
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	0
Three years prior	0	601
Four years prior	575	0
Prior	684	686
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,259	1,287
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	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 | 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: | 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	3,865	3,707
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	0
Three years prior	0	0
Four years prior	0	0
Prior	3,865	3,707
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	3,865	3,707
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	0
Three years prior	0	0
Four years prior	0	0
Prior	3,865	3,707
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	3,865	3,707
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	196,392	215,773
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	152
Three years prior	152	10,151
Four years prior	9,106	2,781
Prior	32,889	32,841
Revolving Loans	903	1,476
Revolving Loans Converted to Term	191	201
Loans, net of unearned income	43,241	47,602
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	0
Two years prior	0	202
Three years prior	200	1,480
Four years prior	1,079	19,988
Prior	110,964	101,060
Revolving Loans	39,583	44,086
Revolving Loans Converted to Term	1,325	1,355
Loans, net of unearned income	153,151	168,171
Purchased loans | Real estate – 1-4 family mortgage: | Primary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	122,063	134,070
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	34
Three years prior	35	2,485
Four years prior	2,317	1,367
Prior	12,126	12,336
Revolving Loans	158	161
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	14,636	16,383
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	34
Three years prior	35	2,485
Four years prior	2,317	1,367
Prior	9,148	9,408
Revolving Loans	158	161
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	11,658	13,455
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	56	59
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	56	59
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	0
Three years prior	0	0
Four years prior	0	0
Prior	2,922	2,869
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	2,922	2,869
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	0
Two years prior	0	202
Three years prior	200	938
Four years prior	538	17,505
Prior	106,613	98,961
Revolving Loans	0	0
Revolving Loans Converted to Term	76	81
Loans, net of unearned income	107,427	117,687
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	0
Two years prior	0	202
Three years prior	200	829
Four years prior	429	16,902
Prior	101,584	94,607
Revolving Loans	0	0
Revolving Loans Converted to Term	76	81
Loans, net of unearned income	102,289	112,621
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	0
Three years prior	0	109
Four years prior	109	603
Prior	5,029	4,354
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,138	5,066
Purchased loans | Real estate – 1-4 family mortgage: | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	46,239	51,496
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	38	42
Revolving Loans	590	1,087
Revolving Loans Converted to Term	191	201
Loans, net of unearned income	819	1,330
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	38	42
Revolving Loans	590	717
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	628	759
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	0	370
Revolving Loans Converted to Term	191	201
Loans, net of unearned income	191	571
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	0
Three years prior	0	542
Four years prior	541	2,441
Prior	4,047	1,823
Revolving Loans	39,583	44,086
Revolving Loans Converted to Term	1,249	1,274
Loans, net of unearned income	45,420	50,166
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	0
Three years prior	0	542
Four years prior	541	2,441
Prior	3,994	1,769
Revolving Loans	39,011	43,700
Revolving Loans Converted to Term	1,120	1,141
Loans, net of unearned income	44,666	49,593
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	53	54
Revolving Loans	572	386
Revolving Loans Converted to Term	129	133
Loans, net of unearned income	754	573
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	18,694	20,229
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	118
Three years prior	117	804
Four years prior	314	1,273
Prior	18,108	17,806
Revolving Loans	155	228
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	18,694	20,229
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	118
Three years prior	117	804
Four years prior	314	1,273
Prior	17,367	17,035
Revolving Loans	5	77
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	17,803	19,307
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	38
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	38
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	741	733
Revolving Loans	150	151
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	891	884
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	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: | 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	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: | 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	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
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	9,396	9,978
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	0
Three years prior	0	6,862
Four years prior	6,475	141
Prior	2,617	2,657
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	9,092	9,660
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	0
Three years prior	0	6,862
Four years prior	6,475	111
Prior	1,285	1,249
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	7,760	8,222
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	0
Four years prior	0	30
Prior	1,332	1,408
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,332	1,438
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	0
Three years prior	0	0
Four years prior	0	42
Prior	304	276
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	304	318
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	0
Three years prior	0	0
Four years prior	0	42
Prior	304	276
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	304	318
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	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 – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	632,324	663,053
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	325
Three years prior	322	50,519
Four years prior	49,086	123,254
Prior	566,330	467,983
Revolving Loans	1,758	5,912
Revolving Loans Converted to Term	14,136	14,324
Loans, net of unearned income	631,632	662,317
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	0
Two years prior	0	0
Three years prior	0	147
Four years prior	145	31
Prior	547	558
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	692	736
Purchased loans | Real estate – commercial mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	15,942	18,344
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	0
Three years prior	0	1,288
Four years prior	404	1,894
Prior	14,260	13,792
Revolving Loans	586	634
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	15,250	17,608
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	0
Three years prior	0	1,288
Four years prior	404	1,894
Prior	8,446	7,904
Revolving Loans	586	634
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	9,436	11,720
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	5,083	5,141
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	5,083	5,141
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	0
Prior	731	747
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	731	747
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	0
Three years prior	0	147
Four years prior	145	31
Prior	547	558
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	692	736
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	0
Three years prior	0	147
Four years prior	145	31
Prior	547	558
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	692	736
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	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – commercial mortgage: | Owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	220,247	234,132
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	0
Three years prior	0	13,344
Four years prior	13,054	17,621
Prior	206,267	200,111
Revolving Loans	926	3,056
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	220,247	234,132
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	0
Three years prior	0	13,344
Four years prior	13,054	13,888
Prior	189,182	182,779
Revolving Loans	926	3,056
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	203,162	213,067
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	0	1,553
Prior	1,918	394
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	1,918	1,947
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	0
Four years prior	0	2,180
Prior	15,167	16,938
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	15,167	19,118
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	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 – 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	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 – 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	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	0	0
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	396,135	410,577
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	325
Three years prior	322	35,887
Four years prior	35,628	103,739
Prior	345,803	254,080
Revolving Loans	246	2,222
Revolving Loans Converted to Term	14,136	14,324
Loans, net of unearned income	396,135	410,577
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	325
Three years prior	322	19,510
Four years prior	19,250	100,682
Prior	311,334	222,048
Revolving Loans	246	2,222
Revolving Loans Converted to Term	4,281	4,418
Loans, net of unearned income	335,433	349,205
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	0
Three years prior	0	16,370
Four years prior	16,372	0
Prior	0	359
Revolving Loans	0	0
Revolving Loans Converted to Term	0	0
Loans, net of unearned income	16,372	16,729
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	0
Three years prior	0	7
Four years prior	6	3,057
Prior	34,469	31,673
Revolving Loans	0	0
Revolving Loans Converted to Term	9,855	9,906
Loans, net of unearned income	44,330	44,643
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	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 – 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	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 – 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	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
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	31,361	35,775
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	0
Three years prior	0	20,581
Four years prior	17,963	9,721
Prior	11,983	3,881
Revolving Loans	1,391	1,558
Revolving Loans Converted to Term	24	34
Loans, net of unearned income	31,361	35,775
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	0
Three years prior	0	20,566
Four years prior	17,959	9,714
Prior	11,912	3,684
Revolving Loans	1,378	1,541
Revolving Loans Converted to Term	20	23
Loans, net of unearned income	31,269	35,528
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	0
Three years prior	0	15
Four years prior	4	7
Prior	71	197
Revolving Loans	13	17
Revolving Loans Converted to Term	4	11
Loans, net of unearned income	$ 92	$ 247

XML

Allowance for Credit Losses - Summary of Total Non Purchased and Purchased Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 10,318,571	$ 10,024,981
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	10,313,459	10,020,914	$ 10,688,408
Allowance for credit losses	(166,468)	(164,171)	(173,106)	$ (176,144)
Loans, net	10,146,991	9,856,743
Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	9,344,002	9,015,078
Unearned income	(5,112)	(4,067)
Loans, net of unearned income	9,338,890	9,011,011
Non purchased loans and leases | Paycheck Protection Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	8,382	58,391
Commercial, financial, agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,445,607	1,423,270
Loans, net of unearned income	1,445,607		2,249,287
Allowance for credit losses	(33,606)	(33,922)	(37,592)	(39,031)
Commercial, financial, agricultural | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,336,239	1,332,962
Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	94,954	80,192
Loans, net of unearned income	89,842		75,256
Allowance for credit losses	(1,582)	(1,486)	(1,546)	(1,624)
Lease financing | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	94,954	80,192
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,222,052	1,104,896
Loans, net of unearned income	1,222,052		955,918
Allowance for credit losses	(18,411)	(16,419)	(14,977)	(16,047)
Real estate – construction: | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,216,928	1,099,902
Real estate – construction: | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	306,655	302,275
Real estate – construction: | Residential | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	305,396	300,988
Real estate – construction: | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	915,397	802,621
Real estate – construction: | Commercial | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	911,532	798,914
Real estate – 1-4 family mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,840,979	2,724,246
Loans, net of unearned income	2,840,979		2,686,061
Allowance for credit losses	(36,848)	(32,356)	(31,694)	(32,165)
Real estate – 1-4 family mortgage: | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,644,587	2,508,473
Real estate – 1-4 family mortgage: | Primary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,925,813	1,816,120
Real estate – 1-4 family mortgage: | Primary | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,803,750	1,682,050
Real estate – 1-4 family mortgage: | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	470,665	474,604
Real estate – 1-4 family mortgage: | Home equity | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	424,426	423,108
Real estate – 1-4 family mortgage: | Rental/investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	292,811	288,474
Real estate – 1-4 family mortgage: | Rental/investment | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	274,117	268,245
Real estate – 1-4 family mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	151,690	145,048
Real estate – 1-4 family mortgage: | Land development | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	142,294	135,070
Real estate – commercial mortgage:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	4,577,864	4,549,037
Loans, net of unearned income	4,577,864		4,549,027
Allowance for credit losses	(65,231)	(68,940)	(76,225)	(76,127)
Real estate – commercial mortgage: | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	3,945,540	3,885,984
Real estate – commercial mortgage: | Land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	132,055	128,739
Real estate – commercial mortgage: | Owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,538,693	1,563,351
Real estate – commercial mortgage: | Owner-occupied | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,318,446	1,329,219
Real estate – commercial mortgage: | Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,907,116	2,856,947
Real estate – commercial mortgage: | Non-owner occupied | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	2,510,981	2,446,370
Installment loans to individuals
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	137,115	143,340
Loans, net of unearned income	137,115		172,859
Allowance for credit losses	(10,790)	(11,048)	$ (11,072)	$ (11,150)
Installment loans to individuals | Non purchased loans and leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 105,754	$ 107,565

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Allowance for Credit Losses - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest receivable	$ 40,409			$ 41,692
Deferred interest, allowance for credit loss	1,266			$ 1,273
Provision for credit losses on loans	$ 1,500	$ 0	$ 0
Supportable period	2 years
Real estate – construction:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses on loans	$ 1,992	(1,031)
Lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses on loans	$ 91	$ (89)

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Allowance for Credit Losses - Roll Forward Of the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021
Allowance for loan losses:
Beginning balance	$ 164,171	$ 176,144
Charge-offs	(3,057)	(5,370)
Recoveries	2,206	2,332
Net (charge-offs) recoveries	(851)	(3,038)
Provision for credit losses on loans	1,500	0	$ 0
Ending balance	166,468	173,106
Individually evaluated	12,851	15,593
Collectively evaluated	153,617	157,513
Loans:
Individually evaluated	33,581	40,875
Collectively evaluated	10,279,878	10,647,533
Gross loans	10,313,459	10,688,408		$ 10,020,914
Nonaccruing loans with no allowance for credit losses	8,349	8,656
Commercial, financial, agricultural
Allowance for loan losses:
Beginning balance	33,922	39,031
Charge-offs	(2,102)	(3,498)
Recoveries	1,136	289
Net (charge-offs) recoveries	(966)	(3,209)
Provision for credit losses on loans	(998)	1,770
Ending balance	33,606	37,592
Individually evaluated	9,225	9,908
Collectively evaluated	24,381	27,684
Loans:
Individually evaluated	13,070	15,435
Collectively evaluated	1,432,537	2,233,852
Gross loans	1,445,607	2,249,287
Nonaccruing loans with no allowance for credit losses	435	1,848
Real estate – construction:
Allowance for loan losses:
Beginning balance	16,419	16,047
Charge-offs	0	(52)
Recoveries	0	13
Net (charge-offs) recoveries	0	(39)
Provision for credit losses on loans	1,992	(1,031)
Ending balance	18,411	14,977
Individually evaluated	0	0
Collectively evaluated	18,411	14,977
Loans:
Individually evaluated	0	0
Collectively evaluated	1,222,052	955,918
Gross loans	1,222,052	955,918
Nonaccruing loans with no allowance for credit losses	0	0
Real estate – 1-4 family mortgage:
Allowance for loan losses:
Beginning balance	32,356	32,165
Charge-offs	(163)	(101)
Recoveries	178	261
Net (charge-offs) recoveries	15	160
Provision for credit losses on loans	4,477	(631)
Ending balance	36,848	31,694
Individually evaluated	396	232
Collectively evaluated	36,452	31,462
Loans:
Individually evaluated	4,477	6,311
Collectively evaluated	2,836,502	2,679,750
Gross loans	2,840,979	2,686,061
Nonaccruing loans with no allowance for credit losses	2,614	4,695
Real estate – commercial mortgage:
Allowance for loan losses:
Beginning balance	68,940	76,127
Charge-offs	(6)	(61)
Recoveries	155	171
Net (charge-offs) recoveries	149	110
Provision for credit losses on loans	(3,858)	(12)
Ending balance	65,231	76,225
Individually evaluated	2,660	4,846
Collectively evaluated	62,571	71,379
Loans:
Individually evaluated	15,464	18,508
Collectively evaluated	4,562,400	4,530,519
Gross loans	4,577,864	4,549,027
Nonaccruing loans with no allowance for credit losses	5,298	2,113
Lease financing
Allowance for loan losses:
Beginning balance	1,486	1,624
Charge-offs	(7)	0
Recoveries	12	11
Net (charge-offs) recoveries	5	11
Provision for credit losses on loans	91	(89)
Ending balance	1,582	1,546
Individually evaluated	0	0
Collectively evaluated	1,582	1,546
Loans:
Individually evaluated	0	0
Collectively evaluated	89,842	75,256
Gross loans	89,842	75,256
Nonaccruing loans with no allowance for credit losses	0	0
Installment Loans to Individuals
Allowance for loan losses:
Beginning balance	11,048	11,150
Charge-offs	(779)	(1,658)
Recoveries	725	1,587
Net (charge-offs) recoveries	(54)	(71)
Provision for credit losses on loans	(204)	(7)
Ending balance	10,790	11,072
Individually evaluated	570	607
Collectively evaluated	10,220	10,465
Loans:
Individually evaluated	570	621
Collectively evaluated	136,545	172,238
Gross loans	137,115	172,859
Nonaccruing loans with no allowance for credit losses	2	$ 0
Cumulative Effect, Period Of Adoption, Adjustment
Allowance for loan losses:
Beginning balance	1,648
Cumulative Effect, Period Of Adoption, Adjustment | Commercial, financial, agricultural
Allowance for loan losses:
Beginning balance	1,648
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – construction:
Allowance for loan losses:
Beginning balance	0
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – 1-4 family mortgage:
Allowance for loan losses:
Beginning balance	0
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – commercial mortgage:
Allowance for loan losses:
Beginning balance	0
Cumulative Effect, Period Of Adoption, Adjustment | Lease financing
Allowance for loan losses:
Beginning balance	0
Cumulative Effect, Period Of Adoption, Adjustment | Installment Loans to Individuals
Allowance for loan losses:
Beginning balance	$ 0

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Allowance for Credit Losses - Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for loan losses:
Beginning balance	$ 20,035	$ 20,535
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense)	(550)	0
Ending balance	$ 19,485	$ 20,535

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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	Mar. 31, 2022	Dec. 31, 2021
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
Purchased OREO	$ 1,531	$ 1,589
Non Purchased OREO	531	951
Total OREO	2,062	2,540
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	44	93
Non Purchased OREO	332	166
Total OREO	376	259
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	39	39
Non Purchased OREO	136	722
Total OREO	175	761
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	291	301
Non Purchased OREO	4	4
Total OREO	295	305
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	1,157	1,156
Non Purchased OREO	59	59
Total OREO	$ 1,216	$ 1,215

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Other Real Estate Owned - Changes in Purchased and Non-Purchased OREO (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Purchased OREO
Balance at January 1, 2022	$ 1,589
Transfers of loans	36
Impairments	(14)
Dispositions	(79)
Other	(1)
Balance at March 31, 2022	1,531
Non Purchased OREO
Balance at January 1, 2022	951
Transfers of loans	164
Impairments	0
Dispositions	(586)
Other	2
Balance at March 31, 2022	531
Total OREO
Balance at January 1, 2022	2,540
Transfers of loans	200
Impairments	(14)
Dispositions	(665)
Other	1
Balance at March 31, 2022	$ 2,062

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Other Real Estate Owned - Components of OREO in the Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Real Estate Properties [Line Items]
Repairs and maintenance	$ 3	$ 20
Property taxes and insurance	35	11
Impairments	14	70
Net gains on OREO sales	(291)	(56)
Rental income	(2)	(4)
Total	(241)	$ 41
Residential
Real Estate Properties [Line Items]
Amortized cost of loans in foreclosure	$ 2,069		$ 22

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Goodwill and Other Intangible Assets - Carrying Amounts of Goodwill by Operating Segments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Goodwill [Roll Forward]
Balance at January 1, 2022	$ 939,683
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608
Balance at March 31, 2022	946,291
Community Banks
Goodwill [Roll Forward]
Balance at January 1, 2022	936,916
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608
Balance at March 31, 2022	943,524
Insurance
Goodwill [Roll Forward]
Balance at January 1, 2022	2,767
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	0
Balance at March 31, 2022	$ 2,767

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Goodwill and Other Intangible Assets - Summary of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 84,962	$ 84,962
Accumulated Amortization	(62,231)	(60,864)
Net Carrying Amount	22,731	24,098
Core deposit intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	82,492	82,492
Accumulated Amortization	(60,720)	(59,399)
Net Carrying Amount	21,772	23,093
Customer relationship intangible
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	2,470	2,470
Accumulated Amortization	(1,511)	(1,465)
Net Carrying Amount	$ 959	$ 1,005

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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
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total intangible amortization	$ 1,366	$ 1,598
Core deposit intangibles
Finite-Lived Intangible Assets [Line Items]
Total intangible amortization	1,321	1,553
Customer relationship intangible
Finite-Lived Intangible Assets [Line Items]
Total intangible amortization	$ 45	$ 45

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Goodwill and Other Intangible Assets - Estimated Amortization Expense of Finite-Lived Intangible Assets (Details) $ in Thousands	Mar. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
2022	$ 5,122
2023	4,225
2024	3,679
2025	3,283
2026	3,037
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
2022	4,941
2023	4,044
2024	3,498
2025	3,102
2026	2,899
Customer relationship intangible
Finite-Lived Intangible Assets [Line Items]
2022	181
2023	181
2024	181
2025	181
2026	$ 138

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Mortgage Servicing Rights - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
(Positive) negative valuation adjustment to MSR	$ 0	$ (13,561,000)
Bank Servicing
Disaggregation of Revenue [Line Items]
Revenue	$ 4,423,000	$ 4,071,000

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Mortgage Servicing Rights - Changes in the Company's MSRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)
Changes in mortgage servicing rights
Balance at January 1, 2022	$ 89,018
Capitalization	6,603
Amortization	(3,891)
Balance at March 31, 2022	$ 91,730

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Mortgage Servicing Rights - Data and Key Economic Assumptions Related to the Company's MRSs (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Data and key economic assumptions related to mortgage servicing rights
Unpaid principal balance	$ 8,931,901	$ 8,728,629
Weighted-average prepayment speed (CPR)	6.71%	10.56%
Estimated impact of a 10% increase	$ (5,883)	$ (3,875)
Estimated impact of a 20% increase	$ (11,291)	$ (7,464)
Discount rate	9.68%	9.82%
Estimated impact of a 10% increase	$ (1,477)	$ (4,153)
Estimated impact of a 20% increase	$ (3,264)	$ (8,119)
Weighted-average coupon interest rate	3.27%	3.29%
Weighted-average servicing fee (basis points)	30.47%	30.37%
Weighted-average remaining maturity (in years)	8 years 5 months 15 days	6 years 8 months 8 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
	Mar. 31, 2022	Mar. 31, 2021
Pension Benefits
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
Service cost	$ 0	$ 0
Interest cost	184	166
Expected return on plan assets	(421)	(443)
Recognized actuarial loss (gain)	61	54
Net periodic (return) benefit cost	(176)	(223)
Other Benefits
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
Service cost	1	1
Interest cost	3	4
Expected return on plan assets	0	0
Recognized actuarial loss (gain)	(19)	0
Net periodic (return) benefit cost	$ (15)	$ 5

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Employee Benefit and Deferred Compensation Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Retirement Benefits [Abstract]
Stock options granted (in shares)	0	0
Share outstanding (in shares)	0
Treasury shares reissued (in shares)	124,433
Total stock-based compensation expense	$ 3,338	$ 2,756

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Employee Benefit and Deferred Compensation Plans - Summary of the Changes in Restricted Stock (Details)	3 Months Ended
	Mar. 31, 2022 $ / shares shares
Performance shares
Performance-Based Restricted Stock
Nonvested at beginning of period (shares) | shares	146,561
Awarded (shares) | shares	63,308
Vested (shares) | shares	0
Cancelled (shares) | shares	0
Nonvested at end of period (shares) | shares	209,869
Weighted Average Grant-Date Fair Value
Nonvested at beginning balance (usd per share) | $ / shares	$ 34.67
Awarded (usd per share) | $ / shares	38.62
Vested (usd per share) | $ / shares	0
Cancelled (usd per share) | $ / shares	0
Nonvested at end balance (usd per share) | $ / shares	$ 35.86
Restricted stock
Performance-Based Restricted Stock
Nonvested at beginning of period (shares) | shares	603,714
Awarded (shares) | shares	252,719
Vested (shares) | shares	(139,711)
Cancelled (shares) | shares	(2,000)
Nonvested at end of period (shares) | shares	714,722
Weighted Average Grant-Date Fair Value
Nonvested at beginning balance (usd per share) | $ / shares	$ 34.48
Awarded (usd per share) | $ / shares	38.32
Vested (usd per share) | $ / shares	31.08
Cancelled (usd per share) | $ / shares	35.85
Nonvested at end balance (usd per share) | $ / shares	$ 36.50

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Derivative Instruments - Schedule of Notional and Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 26,694	$ 8,007
Derivative liabilities, fair value	13,337	13,436
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	746,544	776,388
Derivative assets, fair value	15,910	10,682
Derivative liabilities, notional amount	375,468	525,408
Derivative liabilities, fair value	6,353	5,490
Other Assets | Not Designated as Hedging Instrument | Interest Rate Contract
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	179,648	185,447
Derivative assets, fair value	3,662	4,711
Other Assets | Not Designated as Hedging Instrument | Interest Rate Lock Commitments
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	130,896	310,941
Derivative assets, fair value	2,032	5,304
Other Assets | Not Designated as Hedging Instrument | Forward Commitments
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	436,000	280,000
Derivative assets, fair value	10,216	667
Other Assets | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative assets, notional amount	100,000	100,000
Derivative assets, fair value	13,486	7,016
Other Liabilities | Not Designated as Hedging Instrument | Interest Rate Contract
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	179,648	185,447
Derivative liabilities, fair value	3,662	4,711
Other Liabilities | Not Designated as Hedging Instrument | Interest Rate Lock Commitments
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	160,820	19,961
Derivative liabilities, fair value	2,594	43
Other Liabilities | Not Designated as Hedging Instrument | Forward Commitments
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	35,000	320,000
Derivative liabilities, fair value	97	736
Other Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative liabilities, notional amount	30,000	62,000
Derivative liabilities, fair value	816	2,902
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	$ 11,754	$ 5,411

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Derivative Instruments - Gains (Losses) of Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	$ 4,670	$ 10,851
Interest Income | Interest Rate Contract
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	305	370
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	(5,823)	(8,322)
Mortgage Banking Income | Forward Commitments
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income
Gains (losses) on derivative financial instruments	$ 10,188	$ 18,803

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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
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Change in unrealized gain (loss) on fair value hedging instruments	$ (6,343)	$ (7,650)
Change in unrealized gain (loss) on hedged item in fair value hedge	$ 6,343	$ 7,650

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Derivative Instruments - Fair Value Hedge Impact on Balance Sheet (Details) - Long-term Debt - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Carrying Amount of the Hedged Liability	$ 86,786	$ 93,085
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability	$ 11,754	$ 5,411

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Derivative Instruments - Offsetting Derivatives (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Offsetting Derivative Assets
Gross amounts recognized	$ 26,694	$ 8,007
Gross amounts offset in the Consolidated Balance Sheets	0	0
Net amounts presented in the Consolidated Balance Sheets	26,694	8,007
Financial instruments	12,382	7,208
Financial collateral pledged	0	0
Net amounts	14,312	799
Offsetting Derivative Liabilities
Gross amounts recognized	13,337	13,436
Gross amounts offset in the Consolidated Balance Sheets	0	0
Net amounts presented in the Consolidated Balance Sheets	13,337	13,436
Financial instruments	12,382	7,208
Financial collateral pledged	955	6,228
Net amounts	$ 0	$ 0

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Income Taxes - Significant Components of The Company's Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred tax assets
Allowance for credit losses	$ 50,421	$ 50,712
Loans	2,602	2,855
Deferred compensation	10,777	14,522
Net unrealized losses on securities	35,769	3,545
Impairment of assets	394	392
Net operating loss carryforwards	1,035	1,211
Investment in partnerships	930	890
Lease liabilities under operating leases	15,423	17,106
Other	4,179	3,241
Total deferred tax assets	121,530	94,474
Deferred tax liabilities
Fixed assets	5,734	5,339
Mortgage servicing rights	21,470	20,779
Junior subordinated debt	2,093	2,130
Intangibles	3,005	3,177
Lease right-of-use asset	14,696	16,209
Other	1,722	1,607
Total deferred tax liabilities	48,720	49,241
Net deferred tax assets	$ 72,810	$ 45,233

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Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income taxes	$ 7,935	$ 16,842

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Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Securities available for sale, at fair value	$ 2,405,316	$ 2,386,052
Derivative instruments	26,694	8,007
Financial liabilities:
Derivative instruments	13,337	13,436
Recurring
Financial assets:
Derivative instruments	29,396	17,698
Mortgage loans held for sale in loans held for sale	280,464	453,533
Total financial assets	2,715,176	2,857,283
Financial liabilities:
Derivative instruments	18,923	13,803
Recurring | Securities available for sale
Financial assets:
Securities available for sale, at fair value	2,405,316	2,386,052
Recurring | Level 1
Financial assets:
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 2
Financial assets:
Derivative instruments	29,396	17,698
Mortgage loans held for sale in loans held for sale	280,464	453,533
Total financial assets	2,715,176	2,857,283
Financial liabilities:
Derivative instruments	18,923	13,803
Recurring | Level 2 | Securities available for sale
Financial assets:
Securities available for sale, at fair value	2,405,316	2,386,052
Recurring | Level 3
Financial assets:
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 3 | Securities available for sale
Financial assets:
Securities available for sale, at fair value	$ 0	$ 0

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Fair Value Measurements - Reconciliation for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Trust preferred securities $ in Thousands	3 Months Ended
	Mar. 31, 2021 USD ($)
Reconciliation for assets and liabilities measured at fair value on a recurring basis
Beginning balance	$ 9,012
Accretion included in net income	7
Unrealized losses included in other comprehensive income	941
Realized losses	2,061
Sales	(12,021)
Ending balance	$ 0

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Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, measurements, nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Impaired loans measured at fair value on a nonrecurring basis
Individually evaluated loans, net of allowance for credit losses	$ 3,111	$ 7,928
OREO	2,062	2,540
Total financial assets	5,173	10,468
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
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
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	3,111	7,928
OREO	2,062	2,540
Total financial assets	$ 5,173	$ 10,468

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Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans not covered under loss-share agreements	$ 6,466,000		$ 12,939,000
Specific reserve included in allowance for loan losses	166,468,000	$ 173,106,000	164,171,000	$ 176,144,000
Valuation adjustment	0	(13,561,000)
Changes in fair value, gain (loss)	(13,021,000)	$ 12,231,000
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	$ 3,355,000		$ 5,011,000

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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	Mar. 31, 2022	Dec. 31, 2021
OREO measured at fair value on a nonrecurring basis
Carrying amount prior to remeasurement	$ 2,076	$ 2,556
Impairment recognized in results of operations	(14)	(16)
Fair value	$ 2,062	$ 2,540

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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	Mar. 31, 2022 USD ($)
Individually evaluated loans, net of allowance for credit losses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value	$ 3,111
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value	$ 2,062
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	Mar. 31, 2022	Dec. 31, 2021
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	$ 280,464	$ 453,533
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	281,669	441,717
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	$ (1,205)	$ 11,816

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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	Mar. 31, 2022	Dec. 31, 2021
Financial assets
Securities available for sale	$ 2,405,316	$ 2,386,052
Loans held for sale	280,464	453,533
Loans, net	10,146,991	9,856,743
Mortgage servicing rights	91,730	89,018
Derivative instruments	26,694	8,007
Financial liabilities
Derivative instruments	13,337	13,436
Carrying Value
Financial assets
Cash and cash equivalents	1,607,493	1,877,965
Securities available for sale	2,405,316	2,386,052
Loans held for sale	280,464	453,533
Loans, net	10,146,991	9,856,743
Mortgage servicing rights	91,730	89,018
Derivative instruments	29,396	17,698
Financial liabilities
Deposits	13,990,897	13,905,724
Short-term borrowings	111,279	13,947
Federal Home Loan Bank advances	408	417
Junior subordinated debentures	111,518	111,373
Subordinated notes	323,490	359,419
Derivative instruments	18,923	13,803
Fair Value
Financial assets
Cash and cash equivalents	1,607,493	1,877,965
Securities available for sale	2,405,316	2,386,052
Loans held for sale	280,464	453,533
Loans, net	9,860,650	9,690,604
Mortgage servicing rights	131,896	99,425
Derivative instruments	29,396	17,698
Financial liabilities
Deposits	13,971,891	13,902,739
Short-term borrowings	111,279	13,947
Federal Home Loan Bank advances	409	422
Junior subordinated debentures	104,427	106,682
Subordinated notes	322,900	373,950
Derivative instruments	18,923	13,803
Fair Value | Level 1
Financial assets
Cash and cash equivalents	1,607,493	1,877,965
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	12,650,868	12,494,342
Short-term borrowings	111,279	13,947
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	2,405,316	2,386,052
Loans held for sale	280,464	453,533
Loans, net	0	0
Mortgage servicing rights	0	0
Derivative instruments	29,396	17,698
Financial liabilities
Deposits	1,321,023	1,408,397
Short-term borrowings	0	0
Federal Home Loan Bank advances	409	422
Junior subordinated debentures	104,427	106,682
Subordinated notes	322,900	373,950
Derivative instruments	18,923	13,803
Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Securities available for sale	0	0
Loans held for sale	0	0
Loans, net	9,860,650	9,690,604
Mortgage servicing rights	131,896	99,425
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
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), pre-tax	$ (126,257)	$ (6,613)
Total other comprehensive income (loss), tax expense (benefit)	(32,131)	(1,684)
Other comprehensive loss, net of tax	(94,126)	(4,929)
Securities available for sale:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications, pre-tax	(134,756)	(20,044)
Other comprehensive income (loss) before reclassifications, tax expense (benefit)	(34,294)	(5,101)
Other comprehensive income (loss), before reclassifications, net of tax	(100,462)	(14,943)
Reclassification from AOCI, pre-tax		(1,357)
Reclassification from AOCI, tax expense (benefit)		(345)
Reclassification from AOCI, net of tax		(1,012)
Total other comprehensive income (loss), pre-tax	(134,855)	(21,401)
Total other comprehensive income (loss), tax expense (benefit)	(34,319)	(5,446)
Other comprehensive loss, net of tax	(100,536)	(15,955)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from AOCI, pre-tax	99
Reclassification from AOCI, tax expense (benefit)	25
Reclassification from AOCI, net of tax	74
Derivative instruments:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications, pre-tax	8,556	14,734
Other comprehensive income (loss) before reclassifications, tax expense (benefit)	2,177	3,750
Other comprehensive income (loss), before reclassifications, net of tax	6,379	10,984
Total other comprehensive income (loss), pre-tax	8,556	14,734
Total other comprehensive income (loss), tax expense (benefit)	2,177	3,750
Other comprehensive loss, net of tax	6,379	10,984
Amortization of net actuarial loss recognized in net periodic pension cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from AOCI, pre-tax	42	54
Reclassification from AOCI, tax expense (benefit)	11	12
Reclassification from AOCI, net of tax	31	42
Total defined benefit pension and post-retirement benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), pre-tax	42	54
Total other comprehensive income (loss), tax expense (benefit)	11	12
Other comprehensive loss, net of tax	$ 31	$ 42

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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	Mar. 31, 2022	Dec. 31, 2021
Accumulated balances for component of other comprehensive income, net of tax
Unrealized losses on securities	$ (109,652)	$ (9,116)
Unrealized gains on derivative instruments	10,342	3,963
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(5,259)	(5,290)
Total accumulated other comprehensive loss	$ (104,569)	$ (10,443)

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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
	Mar. 31, 2022	Mar. 31, 2021
Basic
Net income applicable to common stock	$ 33,547	$ 57,908
Average common shares outstanding (shares)	55,809,192	56,240,201
Net income per common share - basic (usd per share)	$ 0.60	$ 1.03
Diluted
Net income applicable to common stock	$ 33,547	$ 57,908
Average common shares outstanding (shares)	55,809,192	56,240,201
Effect of dilutive stock-based compensation (shares)	272,671	278,998
Average common shares outstanding - diluted (shares)	56,081,863	56,519,199
Net income per common share - diluted (usd per share)	$ 0.60	$ 1.02

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Net Income Per Common Share - Antidilutive Securities (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Employee stock option
Schedule of antidilutive securities excluded from computation of earnings per share
Number of shares (in shares)	2,200	1,875

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Regulatory Matters - Guidelines Governing the Classification of Capital Tiers (Details)	Mar. 31, 2022
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	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Renasant corporation
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital to Average Assets (Leverage) - Amount	$ 1,424,268	$ 1,422,077
Tier 1 Capital to Average Assets (Leverage) - Ratio	0.0900	0.0915
Common Equity Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,316,342	$ 1,314,295
Common Equity Tier 1 Capital to Risk-Weighted Assets - Ratio	10.78%	11.18%
Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,424,268	$ 1,422,077
Tier 1 Capital to Risk-Weighted Assets - Ratio	0.1167	0.1210
Total Capital to Risk-Weighted Assets - Amount	$ 1,892,630	$ 1,897,167
Total Capital to Risk-Weighted Assets - Ratio	0.1550	0.1614
Renasant bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital to Average Assets (Leverage) - Amount	$ 1,581,608	$ 1,580,904
Tier 1 Capital to Average Assets (Leverage) - Ratio	0.1000	0.1018
Common Equity Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,581,608	$ 1,580,904
Common Equity Tier 1 Capital to Risk-Weighted Assets - Ratio	12.95%	13.46%
Tier 1 Capital to Risk-Weighted Assets - Amount	$ 1,581,608	$ 1,580,904
Tier 1 Capital to Risk-Weighted Assets - Ratio	0.1295	0.1346
Total Capital to Risk-Weighted Assets - Amount	$ 1,714,725	$ 1,697,163
Total Capital to Risk-Weighted Assets - Ratio	0.1404	0.1444

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Regulatory Matters-Narrative (Details)	Jan. 01, 2022
Banking and Thrift, Interest [Abstract]
Regulatory capital, transitional period to phase out capital benefit	3 years

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Segment Reporting - Financial Information for Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021
Financial information for the Company's operating segments
Net interest income (loss)	$ 99,629	$ 109,648
Provision for credit losses	1,500	0	$ 0
Noninterest income (loss)	37,458	81,037
Noninterest expense	94,105	115,935
Income (loss) before income taxes	41,482	74,750
Income tax expense (benefit)	7,935	16,842
Net income (loss)	33,547	57,908
Total assets	16,863,757	15,622,571		$ 16,810,311
Goodwill	946,291	939,683		939,683
Community Banks
Financial information for the Company's operating segments
Goodwill	943,524			936,916
Insurance
Financial information for the Company's operating segments
Goodwill	2,767			$ 2,767
Operating segments | Community Banks
Financial information for the Company's operating segments
Net interest income (loss)	103,932	112,948
Provision for credit losses	1,500	0
Noninterest income (loss)	28,306	73,070
Noninterest expense	86,871	109,586
Income (loss) before income taxes	43,867	76,432
Income tax expense (benefit)	9,131	17,656
Net income (loss)	34,736	58,776
Total assets	16,757,670	15,525,500
Goodwill	943,524	936,916
Operating segments | Insurance
Financial information for the Company's operating segments
Net interest income (loss)	93	107
Provision for credit losses	0	0
Noninterest income (loss)	3,097	3,248
Noninterest expense	2,116	1,923
Income (loss) before income taxes	1,074	1,432
Income tax expense (benefit)	281	367
Net income (loss)	793	1,065
Total assets	33,794	31,004
Goodwill	2,767	2,767
Operating segments | Wealth Management
Financial information for the Company's operating segments
Net interest income (loss)	490	384
Provision for credit losses	0	0
Noninterest income (loss)	6,505	5,171
Noninterest expense	4,755	4,101
Income (loss) before income taxes	2,240	1,454
Income tax expense (benefit)	0	0
Net income (loss)	2,240	1,454
Total assets	64,761	64,320
Goodwill	0	0
Other
Financial information for the Company's operating segments
Net interest income (loss)	(4,886)	(3,791)
Provision for credit losses	0	0
Noninterest income (loss)	(450)	(452)
Noninterest expense	363	325
Income (loss) before income taxes	(5,699)	(4,568)
Income tax expense (benefit)	(1,477)	(1,181)
Net income (loss)	(4,222)	(3,387)
Total assets	7,532	1,747
Goodwill	$ 0	$ 0