XML 43 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Employee Benefit and Deferred Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2023
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 BenefitsOther Benefits
Three Months EndedThree Months Ended
 June 30,June 30,
 2023202220232022
Service cost $— $— $— $
Interest cost248 185 
Expected return on plan assets(309)(421)— — 
Recognized actuarial loss (gain)131 61 (16)(19)
Net periodic benefit cost (return)$70 $(175)$(11)$(15)
Pension BenefitsOther Benefits
Six Months EndedSix Months Ended
 June 30,June 30,
 2023202220232022
Service cost$— $— $— $
Interest cost497 369 11 
Expected return on plan assets(618)(842)— — 
Recognized actuarial loss (gain)262 122 (31)(38)
Net periodic benefit cost (return)$141 $(351)$(20)$(30)
Summary of the changes in stock options and restricted stock The following table summarizes the changes in restricted stock as of and for the six months ended June 30, 2023:
Performance-Based Restricted StockWeighted Average Grant-Date Fair ValueTime-Based Restricted StockWeighted Average Grant-Date Fair Value
Nonvested at beginning of period155,838 $36.23 680,403 $36.23 
Awarded81,867 35.57 334,467 35.52 
Vested— — (199,122)35.37 
Cancelled— — (28,999)35.49 
Nonvested at end of period237,705 $36.01 786,749 $36.17