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Renasant Corporation (Parent Company Only) Condensed Financial Information
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Renasant Corporation (Parent Company Only) Condensed Financial Information Renasant Corporation (Parent Company Only) Condensed Financial Information
(In Thousands)
Balance Sheets
  
December 31,
 20232022
Assets
Cash and cash equivalents(1)
$169,597 $167,727 
Investments— — 
Investment in bank subsidiary(2)
2,541,195 2,391,721 
Accrued interest receivable on bank balances(2)
27 3 
Other assets37,268 28,468 
Total assets$2,748,087 $2,587,919 
Liabilities and shareholders’ equity
Junior subordinated debentures$112,978 $112,042 
Subordinated notes316,422 316,091 
Other liabilities21,304 23,770 
Shareholders’ equity2,297,383 2,136,016 
Total liabilities and shareholders’ equity$2,748,087 $2,587,919 
(1)Eliminates in consolidation, with the exception of $1,987 and $1,889 in 2023 and 2022, respectively, pledged for collateral and held at non-subsidiary bank
(2)Eliminates in consolidation
Statements of Income
  
Year Ended December 31,
 202320222021
Income
Dividends from bank subsidiary(1)
$72,042 $68,114 $80,965 
Interest income from bank subsidiary(1)
28 5 7 
Other dividends260 134 80 
Other income919 85 32 
Total income73,249 68,338 81,084 
Expenses30,544 24,264 18,661 
Income before income tax benefit and equity in undistributed net income of bank subsidiary42,705 44,074 62,423 
Income tax benefit(7,577)(6,231)(4,795)
Equity in undistributed net income of bank subsidiary(1)
94,396 115,763 108,674 
Net income$144,678 $166,068 $175,892 
(1)Eliminates in consolidation
 
Statements of Cash Flows
  
Year Ended December 31,
 202320222021
Operating activities
Net income$144,678 $166,068 $175,892 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of bank subsidiary(94,396)(115,763)(108,674)
Amortization/depreciation1,770 1,478 891 
(Decrease) increase in other assets(8,824)284 (5,628)
Increase in other liabilities8,921 9,225 6,952 
Net cash provided by operating activities52,149 61,292 69,433 
Investing activities
Sales and maturities of securities and available for sale— 2,000 5,100 
Other investing activities— — (100,000)
Net cash provided by (used in) investing activities— 2,000 (94,900)
Financing activities
Cash paid for dividends(50,279)(49,991)(50,017)
Repurchase of shares in connection with stock repurchase program— — (21,315)
Repayment of long-term debt— (30,000)(45,000)
Proceeds from issuance of long-term debt— — 197,061 
Net cash (used in) provided by financing activities(50,279)(79,991)80,729 
Increase (decrease) in cash and cash equivalents1,870 (16,699)55,262 
Cash and cash equivalents at beginning of year167,727 184,426 129,164 
Cash and cash equivalents at end of year$169,597 $167,727 $184,426