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Employee Benefit and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Information relating to the defined benefit pension plan and post-retirement health and life plans
Information relating to the legacy Renasant defined benefit pension plan (“Pension Benefits - Renasant”), the assumed HeritageBank defined benefit pension plan (“Pension Benefits - HeritageBank”) and post-retirement health and life plan (“Other Benefits”) as of December 31, 2016 and 2015 is as follows:
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank
 
Other Benefits
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Change in benefit obligation
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
27,856

 
$
28,087

 
$
12,913

 
$
—

 
$
1,704

 
$
1,941

Service cost
—

 
—

 
—

 
—

 
12

 
17

Interest cost
1,216

 
1,095

 
172

 
305

 
58

 
60

Plan participants’ contributions
—

 
—

 
—

 
—

 
76

 
82

Actuarial loss (gain)
(115
)
 
605

 
(481
)
 
(685
)
 
(56
)
 
(37
)
Benefits paid
(2,018
)
 
(1,931
)
 
(22
)
 
(15
)
 
(228
)
 
(359
)
Settlements(1)
—

 
—

 
(11,509
)
 
(2,187
)
 
—

 
—

Transfer from HeritageBank Pension Plan
1,073

 
—

 
(1,073
)
 
—

 
—

 
—

Addition from business combination
—

 
—

 
—

 
15,495

 
—

 
—

Benefit obligation at end of year
$
28,012

 
$
27,856

 
$
—

 
$
12,913

 
$
1,566

 
$
1,704

Change in fair value of plan assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
24,434

 
$
26,532

 
$
12,458

 
$
—

 
 
 
 
Actual return on plan assets
1,752

 
(167
)
 
29

 
(21
)
 
 
 
 
Contribution by employer
—

 
—

 
142

 
—

 
 
 
 
Benefits paid
(2,018
)
 
(1,931
)
 
(22
)
 
(15
)
 
 
 
 
Settlements
—

 
—

 
(11,509
)
 
(2,187
)
 
 
 
 
Expenses paid from plan trust
—

 
—

 
(25
)
 
—

 
 
 
 
Transfer from HeritageBank Pension Plan
1,073

 
—

 
(1,073
)
 
—

 
 
 
 
Addition from business combination
—

 
—

 
—

 
14,681

 
 
 
 
Fair value of plan assets at end of year
$
25,241

 
$
24,434

 
$
—

 
$
12,458

 
 
 
 
Funded status at end of year
$
(2,771
)
 
$
(3,422
)
 
$
—

 
$
(455
)
 
$
(1,566
)
 
$
(1,704
)
Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine the benefit obligation
4.35
%
 
4.56
%
 
—
%
 
4.27
%
 
3.57
%
 
3.63
%

(1) 
Settlements from the HeritageBank defined benefit pension plan represent the lump sum payments made to participants upon final distribution of benefits as a result of the plan's termination.
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans
The components of net periodic benefit cost and other amounts recognized in other comprehensive income for the defined benefit pension and post-retirement health and life plans for the year ended December 31, 2016, 2015 and 2014 are as follows: 
 
Pension Benefits Renasant
 
Pension Benefits HeritageBank(1)
 
Other Benefits
 
2016
 
2015
 
2014
 
2016
 
2015
 
2016
 
2015
 
2014
Service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
12

 
$
17

 
$
14

Interest cost
1,216

 
1,095

 
1,292

 
172

 
305

 
58

 
60

 
84

Expected return on plan assets
(1,872
)
 
(2,040
)
 
(2,160
)
 
(113
)
 
(216
)
 
—

 
—

 
—

Prior service cost recognized
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Recognized actuarial loss
404

 
331

 
207

 
—

 
—

 
76

 
101

 
89

Settlement/curtailment/termination losses
—

 
—

 
453

 
(780
)
 
(65
)
 
—

 
—

 
—

Net periodic benefit cost
(252
)
 
(614
)
 
(208
)
 
(721
)
 
24

 
146

 
178

 
187

Net actuarial loss/(gain) arising during the period
5

 
2,812

 
3,047

 
(397
)
 
(448
)
 
(56
)
 
(37
)
 
(118
)
Net Settlement/curtailment/termination losses
—

 
—

 
(453
)
 
780

 
65

 
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
(404
)
 
(331
)
 
(207
)
 
—

 
—

 
(76
)
 
(101
)
 
(89
)
Total recognized in other comprehensive income
(399
)
 
2,481

 
2,387

 
383

 
(383
)
 
(132
)
 
(138
)
 
(207
)
Total recognized in net periodic benefit cost and other comprehensive income
$
(651
)
 
$
1,867

 
$
2,179

 
$
(338
)
 
$
(359
)
 
$
14

 
$
40

 
$
(20
)
Weighted-average assumptions as of December 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate used to determine net periodic pension cost
4.56
%
 
4.00
%
 
4.83
%
 
4.27
%
 
4.00
%
 
3.63
%
 
3.22
%
 
4.66
%
Expected return on plan assets
8.00
%
 
8.00
%
 
8.00
%
 
3.00
%
 
3.00
%
 
N/A

 
N/A

 
N/A


(1) Net periodic benefit cost and other amounts recognized in other comprehensive income for the assumed HeritageBank defined benefit pension plan were recognized in the Company’s results of operations beginning on the date of acquisition; therefore, disclosure of amounts recognized in prior periods is not necessary.
Future estimated benefit payments under the defined benefit pension plan and post-retirement health and life plan
Future estimated benefit payments under the Renasant defined benefit pension plan and post-retirement health and life plan are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
2017
$
2,050

 
$
247

2018
2,073

 
241

2019
2,080

 
203

2020
2,080

 
184

2021
2,084

 
180

2022 - 2026
9,983

 
616
Amounts recognized in accumulated other comprehensive income, net of tax
Amounts recognized in accumulated other comprehensive income, before tax, for the year ended December 31, 2016 are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
Prior service cost
$
—

 
$
—

Actuarial loss
11,515

 
418

Total
$
11,515

 
$
418
Estimated costs that will be amortized from accumulated other comprehensive income into net periodic cost
The estimated costs that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are as follows:
 
Pension Benefits Renasant
 
Other
Benefits
Prior service cost
$
—

 
$
—

Actuarial loss
400

 
50

Total
$
400

 
$
50
Fair values of defined benefit pension plan assets by category of the firm
The fair values of these instruments are based on quoted market prices of similar instruments or a discounted cash flow model (Level 2).
 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Totals
December 31, 2016
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,639

 
$
—

 
$
—

 
$
1,639

U.S. government securities
—

 
2,270

 
—

 
2,270

Corporate debt
—

 
1,991

 
—

 
1,991

Corporate stocks
17,823

 
—

 
—

 
17,823

Investments in registered investment companies
871

 
—

 
—

 
871

Foreign obligations
—

 
647

 
—

 
647

Municipal obligations
—

 
—

 
—

 
—

 
$
20,333

 
$
4,908

 
$
—

 
$
25,241


 
Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Totals
December 31, 2015
 
 
 
 
 
 
 
Cash and cash equivalents
$
13,927

 
$
—

 
$
—

 
$
13,927

U.S. government securities
—

 
1,883

 
—

 
1,883

Corporate debt
—

 
2,442

 
—

 
2,442

Corporate stocks
17,383

 
—

 
—

 
17,383

Investments in registered investment companies
848

 
—

 
—

 
848

Foreign obligations
—

 
308

 
—

 
308

Municipal obligations
—

 
101

 
—

 
101

 
$
32,158

 
$
4,734

 
$
—

 
$
36,892
Summarizes information about options issued under the long-term equity incentive plan
The following table summarizes information about options issued under the long-term equity incentive plan as of and for the three years ended December 31, 2016: 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2014
1,060,348

 
$
18.64

 
 
 
 
Granted
—

 
—

 
 
 
 
Exercised
(227,499
)
 
18.39

 
 
 
 
Forfeited
(1,899
)
 
20.77

 
 
 
 
Outstanding at December 31, 2014
830,950

 
$
18.70

 
4.48
 
$
8,680

Exercisable at December 31, 2014
745,949

 
$
18.95

 
4.15
 
$
7,628

Granted
—

 
—

 
 
 
 
Exercised
(201,371
)
 
20.82

 
 
 
 
Forfeited
(8,133
)
 
29.45

 
 
 
 
Outstanding at December 31, 2015
621,446

 
$
17.88

 
3.91
 
$
10,274

Exercisable at December 31, 2015
606,027

 
$
17.85

 
3.83
 
$
10,038

Granted
—

 
—

 
 
 
 
Exercised
(435,177
)
 
18.67

 
 
 
 
Forfeited
(644
)
 
29.67

 
 
 
 
Outstanding at December 31, 2016
185,625

 
$
15.97

 
3.91
 
$
4,872

Exercisable at December 31, 2016
185,625

 
$
15.97

 
3.91
 
$
4,872
Summary of the changes in restricted stock
The following table summarizes the changes in restricted stock as of and for the year ended December 31, 2016:
 
Performance-
Based
Restricted
Stock(1)
 
Weighted
Average
Grant-Date
Fair Value
 
Time-
Based
Restricted
Stock
 
Weighted
Average
Grant-Date
Fair Value
Nonvested at beginning of year
—

 
$
—

 
105,438

 
$
31.04

Granted
61,700

 
31.12

 
52,005

 
31.74

Vested
(52,045
)
 
31.12

 
(21,138
)
 
27.53

Cancelled
(9,655
)
 
31.12

 
(18,960
)
 
32.40

Nonvested at end of year
—

 
$
—

 
117,345

 
$
31.76

(1) In January 2016, the Company awarded 61,700 shares of performance-based restricted stock based on the target level of performance goals. The Company's year-end results were between the threshold and target performance levels; therefore, 9,655 shares were cancelled for a total award of 52,045 shares.