Renasant Corporation Announces 2011 First Quarter Earnings

TUPELO, Miss., April 19, 2011 /PRNewswire/ --Renasant Corporation (NASDAQ: RNST) (the "Company") today announced results for the first quarter of 2011.  Net income for the first quarter of 2011 was $7,553,000 as compared to $4,721,000 for the fourth quarter of 2010 and $3,607,000 for the first quarter of 2010.  Basic and diluted earnings per share were $0.30 during the first quarter of 2011 as compared to basic and diluted earnings per share of $0.19 during the fourth quarter of 2010 and basic and diluted earnings per share of $0.17 for the first quarter of 2010.  

"During the first quarter of 2011, we successfully completed our second FDIC-assisted acquisition in North Georgia, improved net interest margin, and experienced our lowest levels of net charge-offs since 2008," commented Renasant Chairman and Chief Executive Officer, E. Robinson McGraw.  "Moving forward in 2011, we will continue to position ourselves to increase future profitability, attract new talent and capitalize on expansion opportunities as they present themselves."

In February, 2011, the Company, through its bank subsidiary Renasant Bank, acquired certain assets and assumed all of the deposits and certain other liabilities of the former American Trust Bank in Roswell, Georgia ("American Trust"), from the FDIC as the receiver of American Trust.  This acquisition added 3 new branches in North Georgia and expanded the Company's network to 14 full-service locations in this market.  The loans acquired, except for a small portfolio of consumer loans (all of which were performing at the time of closing), are covered by a loss-share agreement in which the FDIC will reimburse Renasant Bank for 80% of the losses incurred on these loans. The FDIC retained all of American Trust's nonperforming loans and other real estate owned at the time of closing.    During the first quarter of 2011, the Company recorded a gain of $8.8 million and $1.3 million in acquisition and conversion costs, respectively, in connection with the American Trust acquisition.

During the first quarter of 2011, the Company successfully completed the systems conversion of Crescent Bank & Trust ("Crescent"), which was acquired in an FDIC-assisted transaction during the third quarter of 2010.   Following the conversion, the Company is now able to offer its full array of banking, lending and wealth management products to North Georgia clientele.

"Our North Georgia markets have some of the highest household incomes and projected population growth outlooks in the Southeast.  After entering these markets in the third quarter of 2010, we immediately began the process of transitioning these operations back to traditional banking activities," said McGraw. "Building on the infrastructure in place at the time of acquisition, we have realigned relationship managers, hired mortgage lenders and wealth management advisors.  As a result of these efforts, we are well positioned to capitalize on future opportunities in these markets."

Total assets as of March 31, 2011 were approximately $4.42 billion, a 2.90% increase from December 31, 2010.  The Company's Tier 1 leverage capital ratio was 8.77%, its Tier I risk-based capital ratio was 13.60%, and its total risk-based capital ratio was 14.85%.  In all capital ratio categories, the Company's regulatory capital ratios were in excess of regulatory minimums required to be classified as "well-capitalized."

Total deposits were $3.64 billion which represents a 5.10% increase since December 31, 2010. The acquisition of American Trust increased total deposits $153.9 million at March 31, 2011.  In the first quarter of 2011, the Company continued to focus on changing its deposit mix by reducing higher-costing time deposits while at the same time increasing lower costing retail non-time deposits.  In addition, the Company repaid $50.0 million of Federal Home Loan Bank ("FHLB") borrowings during the quarter.  By doing so, the Company will realize expense savings over 22 months totaling $2.7 million while incurring a $1.9 million prepayment penalty.  These actions resulted in the Company's cost of funds declining to 1.31% for the first quarter of 2011 as compared to 1.49% for the fourth quarter of 2010 and 1.95% for the first quarter of 2010.  

Total loans, which include both loans covered and not covered under loss-share agreements, were approximately $2.577 billion at the end of the first quarter of 2011 as compared to $2.525 billion at December 31, 2010.   Loans not covered under loss-share agreements were $2.190 billion at March 31, 2011 as compared to $2.191 billion at December 31, 2010.  Loans not covered under FDIC loss-share agreements were relatively unchanged at March 31, 2011 as compared to December 31, 2010.  In the first quarter of 2011, the Company did experience growth in loans not covered under FDIC loss-share agreements in several key markets including its markets in Nashville, Tennessee; Birmingham, Alabama; Alpharetta, Georgia; and DeSoto County and Oxford, Mississippi.  Loans covered under the FDIC loss-share agreements increased to $387 million at March 31, 2011 as compared to $334 million at December 31, 2010.  The American Trust acquisition increased loans covered by loss-share agreements by $72.5 million.

Net interest income was $31,096,000 for the first quarter of 2011 as compared to $29,855,000 for the fourth quarter of 2010 and $24,410,000 for the first quarter of 2010.  Net interest margin was 3.55% for the first quarter of 2011 as compared to 3.43% for the fourth quarter of 2010 and 3.27% for the first quarter of 2010.  The improvement in net interest income and net interest margin was driven by the continued decrease in the Company's interest expense.  

"We expect net interest income and net interest margin to continue to improve as excess cash is deployed into higher yielding alternatives, deposit costs continue to decrease and the full benefit of the expense savings of the FHLB prepayment is realized," stated McGraw.  

Noninterest income was $21,765,000 for the first quarter of 2011, which includes the gain of $8,774,000 from the American Trust acquisition, as compared to $14,553,000 for the fourth quarter of 2010 and $12,484,000 for the first quarter in 2010.  Excluding the gain from the American Trust acquisition, noninterest income was $12,991,000 for the first quarter of 2011. The decrease in noninterest income on a linked-quarter basis reflects the cyclical nature of deposit service charges and mortgage production income.  

Noninterest expense was $36,723,000 for the first quarter of 2011 as compared to $32,226,000 for the fourth quarter of 2010 and $25,634,000 for the first quarter of 2010.  Noninterest expense for the first quarter of 2011 included acquisition expenses related to the American Trust acquisition totaling $1,325,000, the aforementioned debt prepayment penalty totaling $1,903,000, and duplicate personnel and operating costs associated with the Crescent and American Trust acquisitions.  Future noninterest expense will reflect the cost savings from the completed Crescent conversion; the American Trust conversion is scheduled for the second quarter of 2011 and is also expected to result in future cost savings. Noninterest expense for the first quarter of 2011 also includes an impairment charge on other real estate owned totaling $969,000.  

The loans and other real estate owned acquired in FDIC-assisted transactions are recorded at fair value which includes an estimated impairment.  In accordance with generally accepted accounting principles, the Company has not assigned any allowance for loan losses to these acquired loans at March 31, 2011.  Furthermore, the loss-share agreements with the FDIC, as well as adjustments to the balances of these acquired assets to record them at fair value, provide substantial protection against loss on those assets.   Nonperforming loans and other real estate owned covered under loss-share agreements totaled $86.7 million and $59.0 million, respectively, at March 31, 2011.  The remaining discussion in this release on nonperforming loans, other real estate owned and the related asset quality ratios exclude these assets covered under loss-share agreements.

The allowance for loan losses as a percentage of loans was 2.17% at March 31, 2011 as compared to 2.07% at December 31, 2010 and 1.78% at March 31, 2010.  

The Company recorded a provision for loan losses of $5,500,000 for the first quarter of 2011 as compared to $5,500,000 for the fourth quarter of 2010 and $6,665,000 for the first quarter of 2010.  Annualized net charge-offs as a percentage of average loans were 0.54% for the first quarter of 2011 as compared to 0.80% for the fourth quarter of 2010 and 0.81% for the first quarter of 2010.  The decline in net charge-offs in the first quarter of 2011 contributed to the increase in the allowance for loan losses as a percentage of average loans in the first

quarter of 2011.  

The Company's nonperforming loans were $57,245,000 at March 31, 2011 as compared to $53,858,000 at December 31, 2010 and $54,604,000 at March 31, 2010.  Furthermore, loans 30 to 89 days past due as a percent of total loans was 0.86% at March 31, 2011 as compared to 0.98% at December 31, 2010 and 1.80% at March 31, 2010.  

Other real estate owned was $71.4 million at March 31, 2011 as compared to $71.8 million on December 31, 2010 and $62.5 million at March 31, 2010.  In the first quarter of 2011, the Company realized $1.4 million in losses from the sale of $10.4 million in other real estate owned.  The Company is aggressively working to dispose of other real estate owned, particularly real estate which is likely to incur further declines in value over time.  The losses recognized during the first quarter of 2011 were primarily a result from the sale of a special use property with a limited group of potential purchasers, auction of vacant residential homes and the sale of a custom, high-end single family residence.  In addition, the Company currently has approximately $3.8 million of other real estate under contracts expected to close during the second quarter of 2011, which the Company anticipates will result in a slight gain.

"We are optimistic about the improvement in our net interest margin, loan and deposit growth and credit metrics in the first quarter of 2011.  This improvement should result in increased earnings power throughout the remainder of the year," stated McGraw.

CONFERENCE CALL INFORMATION:

A live audio webcast of a conference call with analysts will be available beginning at 10:00 AM ET on Wednesday, April 20, 2011.

The webcast can be accessed through Renasant's investor relations website at www.renasant.com or http://www.talkpoint.com/viewer/starthere.asp?Pres=135203.  To access the conference via telephone, dial 1-877-317-6789 in the United States and request the Renasant Corporation First Quarter 2011 Earnings Webcast and Conference Call.  International participants should dial 1-412-317-6789 to access the conference call.

The webcast will be archived on www.renasant.com beginning one hour after the call and will remain accessible for one year.  Replays can also be accessed via telephone by dialing 1-877-344-7529 in the United States and entering 450213 or by dialing 1-412-317-0088 internationally and entering 450213.  Telephone replay access is available until 9:00 AM ET on May 5, 2011.

ABOUT RENASANT CORPORATION:

Renasant Corporation is the parent of Renasant Bank and Renasant Insurance.  Renasant has assets of approximately $4.4 billion and operates over 80 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.

NOTE TO INVESTORS:

This news release may contain, or incorporate by reference, statements which may 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.  Such forward looking statements usually include words such as "expects," "projects," "anticipates," "believes," "intends," "estimates," "strategy," "plan," "potential," "possible" and other similar expressions.  

Prospective investors are cautioned that any such forward-looking statements are not guarantees for future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.  Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include significant fluctuations in interest rates, inflation, economic recession, significant changes in the federal and state legal and regulatory environment, significant underperformance in our portfolio of outstanding loans, and competition in our markets. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

Contacts	For Media:	For Financials:
	John Oxford	Stuart Johnson
	Vice President	Senior Executive Vice President
	Director of External Affairs	Chief Financial Officer
	[phone]	[phone]
	[e-mail]	[e-mail]

RENASANT CORPORATION (Unaudited) (Dollars in thousands, except per share data)
												Q1 2011 -		For the Three Months
		2011		2010								Q4 2010		Ended March 31,
		First		Fourth		Third		Second		First		Percent						Percent
Statement of earnings		Quarter		Quarter		Quarter		Quarter		Quarter		Variance		2011		2010		Variance
Interest income - taxable equivalent basis		$      45,371		$      45,224		$      44,770		$      39,590		$      40,900		0.33		$      45,371		$      40,900		10.93
Interest income		$      43,803		$      43,817		$      43,433		$      38,381		$      39,708		(0.03)		$      43,803		$      39,708		10.31
Interest expense		12,707		13,962		16,316		14,701		15,298		(8.99)		12,707		15,298		(16.94)
	Net interest income	31,096		29,855		27,117		23,680		24,410		4.16		31,096		24,410		27.39
Provision for loan losses		5,500		5,500		11,500		7,000		6,665		-		5,500		6,665		(17.48)
	Net interest income after provision	25,596		24,355		15,617		16,680		17,745		5.10		25,596		17,745		44.24
Service charges on deposit accounts		4,880		5,482		5,771		5,361		5,090		(10.98)		4,880		5,090		(4.13)
Fees and commissions on loans and deposits		4,138		4,184		3,654		3,409		3,721		(1.10)		4,138		3,721		11.21
Insurance commissions and fees		832		916		828		830		834		(9.17)		832		834		(0.24)
Trust revenue		613		626		562		632		584		(2.08)		613		584		4.97
Securities (losses) gains		12		-		(1,009)		2,049		(160)		-		12		(160)		(107.50)
Gain on sale of mortgage loans		1,151		2,127		1,774		994		1,329		(45.89)		1,151		1,329		(13.39)
Gain on acquisition		8,774		-		42,211		-		-		-		8,774		-		-
Other		1,365		1,218		743		1,069		1,086		12.07		1,365		1,086		25.69
	Total non-interest income	21,765		14,553		54,534		14,344		12,484		49.56		21,765		12,484		74.34
Salaries and employee benefits		16,237		15,957		16,694		13,052		13,197		1.75		16,237		13,197		23.04
Occupancy and equipment		3,239		2,716		3,271		2,926		2,931		19.26		3,239		2,931		10.51
Data processing		1,788		1,665		1,703		1,580		1,426		7.39		1,788		1,426		25.39
Debt extinguishment penalty		1,903		-		2,785		-		-		-		1,903		-		-
Merger-related expenses		1,325		-		1,955		-		-		-		1,325		-		-
Amortization of intangibles		515		523		505		470		476		(1.53)		515		476		8.19
Other		11,716		11,365		12,658		8,160		7,604		3.09		11,716		7,604		54.08
	Total non-interest expense	36,723		32,226		39,571		26,188		25,634		13.95		36,723		25,634		43.26
Income before income taxes		10,638		6,682		30,580		4,836		4,595		59.20		10,638		4,595		131.51
Income taxes		3,085		1,961		11,029		1,040		988		57.32		3,085		988		212.25
	Net income	$        7,553		$        4,721		$      19,551		$        3,796		$        3,607		59.99		$        7,553		$        3,607		109.40
Basic earnings per share		$          0.30		$          0.19		$          0.81		$          0.18		$          0.17		57.89		$          0.30		$          0.17		76.47
Diluted earnings per share		0.30		0.19		0.81		0.18		0.17		57.89		0.30		0.17		76.47
Average basic shares outstanding		25,052,126		25,042,137		24,098,629		21,088,942		21,082,991		0.04		25,052,126		21,082,991		18.83
Average diluted shares outstanding		25,172,410		25,177,394		24,208,642		21,224,836		21,208,934		(0.02)		25,172,410		21,208,934		18.69
Common shares outstanding		25,056,431		25,043,112		25,041,540		21,100,130		21,082,991		0.05		25,056,431		21,082,991		18.85
Cash dividend per common share		$          0.17		$          0.17		$          0.17		$          0.17		$          0.17		-		$          0.17		$          0.17		-
Performance ratios
Return on average shareholders' equity		6.51%		3.93%		16.64%		3.69%		3.55%				6.51%		3.55%
Return on average shareholders' equity, excluding amortization expense		6.78%		4.20%		16.91%		3.97%		3.84%				6.78%		3.84%
Return on average assets		0.69%		0.44%		1.83%		0.42%		0.40%				0.69%		0.40%
Return on average assets, excluding amortization expense		0.72%		0.47%		1.86%		0.45%		0.44%				0.72%		0.44%
Net interest margin (FTE)		3.55%		3.43%		3.12%		3.15%		3.27%				3.55%		3.27%
Yield on earning assets (FTE)		4.93%		4.97%		4.92%		5.02%		5.23%				4.93%		5.23%
Cost of funding		1.31%		1.49%		1.75%		1.86%		1.95%				1.31%		1.95%
Average earning assets to average assets		84.16%		84.24%		84.78%		87.42%		87.28%				84.16%		87.28%
Average loans to average deposits		70.20%		74.57%		76.41%		84.53%		88.47%				70.20%		88.47%
Noninterest income (less securities gains/losses) to average assets		1.99%		1.35%		5.19%		1.36%		1.42%				1.99%		1.42%
Noninterest expense to average assets		3.37%		2.98%		3.70%		2.90%		2.87%				3.37%		2.87%
Net overhead ratio		1.37%		1.64%		-1.49%		1.54%		1.45%				1.37%		1.45%
Efficiency ratio (FTE)		67.47%		70.34%		47.68%		66.75%		67.31%				67.47%		67.31%
*Percent variance not meaningful

RENASANT CORPORATION (Unaudited) (Dollars in thousands, except per share data)
												Q1 2011 -		For the Three Months
		2011		2010								Q4 2010		Ended March 31,
		First		Fourth		Third		Second		First		Percent						Percent
Average balances		Quarter		Quarter		Quarter		Quarter		Quarter		Variance		2011		2010		Variance
Total assets		$ 4,423,088		$ 4,285,887		$ 4,246,566		$ 3,616,125		$ 3,621,361		3.20		$ 4,423,088		$ 3,621,361		22.14
Earning assets		3,722,419		3,610,526		3,600,033		3,161,214		3,160,620		3.10		3,722,419		3,160,620		17.77
Securities		881,808		785,613		729,789		734,690		697,913		12.24		881,808		697,913		26.35
Loans, net of unearned		2,556,572		2,576,721		2,533,567		2,304,663		2,354,443		(0.78)		2,556,572		2,354,443		8.59
Intangibles		191,740		192,123		192,447		190,639		190,881		(0.20)		191,740		190,881		0.45
Non-interest bearing deposits		$    476,115		$    371,908		$    351,449		$    315,242		$    310,726		28.02		$    476,115		$    310,726		53.23
Interest bearing deposits		3,148,481		3,053,382		2,929,739		2,387,175		2,332,741		3.11		3,148,481		2,332,741		34.97
	Total deposits	3,624,596		3,425,290		3,281,188		2,702,417		2,643,467		5.82		3,624,596		2,643,467		37.12
Borrowed funds		290,201		318,873		438,047		468,196		530,654		(8.99)		290,201		530,654		(45.31)
Shareholders' equity		470,875		476,449		466,109		412,959		412,132		(1.17)		470,875		412,132		14.25
Asset quality data
Assets not subject to loss share:
Nonaccrual loans		$      46,406		$      46,662		$      56,674		$      53,868		$      44,688		(0.55)		$      46,406		$      44,688		3.84
Loans 90 past due or more		10,839		7,196		8,923		10,794		9,916		50.63		10,839		9,916		9.31
Non-performing loans		57,245		53,858		65,597		64,662		54,604		6.29		57,245		54,604		4.84
Other real estate owned and repossessions		71,415		71,833		62,936		66,797		62,508		(0.58)		71,415		62,508		14.25
Non-performing assets		$    128,660		$    125,691		$    128,533		$    131,459		$    117,112		2.36		$    128,660		$    117,112		9.86
Assets subject to loss share:
Nonaccrual loans		$      78,909		$      82,393		$      67,135		$                -		$                -		(4.23)		$      78,909		$                -		-
Loans 90 past due or more		7,817		-		-		-		-		-		7,817		-		-
Non-performing loans subject to loss share		86,726		82,393		67,135		-		-		5.26		86,726		-		-
Other real estate owned and repossessions		59,036		54,715		49,286		-		-		7.90		59,036		-		-
Non-performing assets subject to loss share		$    145,762		$    137,108		$    116,421		$                -		$                -		6.31		$    145,762		$                -		-
Net loan charge-offs (recoveries)		$        3,409		$        5,217		$        7,514		$        6,948		$        4,716		(34.66)		$        3,409		$        4,716		(27.71)
Allowance for loan losses		47,505		45,415		45,132		41,146		41,094		4.60		47,505		41,094		15.60
Non-performing loans / total loans		2.61%		2.46%		2.94%		2.86%		2.37%				2.61%		2.37%
Non-performing assets / total assets		2.91%		2.92%		3.02%		3.66%		3.22%				2.91%		3.22%
Allowance for loan losses / total loans		2.17%		2.07%		2.02%		1.82%		1.78%				2.17%		1.78%
Allowance for loan losses / non-performing loans		82.99%		84.32%		68.80%		63.63%		75.26%				82.99%		75.26%
Annualized net loan charge-offs / average loans		0.54%		0.80%		1.18%		1.21%		0.81%				0.54%		0.81%
Balances at period end
Total assets		$ 4,422,164		$ 4,297,327		$ 4,256,253		$ 3,593,872		$ 3,641,709		2.90		$ 4,422,164		$ 3,641,709		21.43
Earning assets		3,724,108		3,631,730		3,600,972		3,156,451		3,200,159		2.54		3,724,108		3,200,159		16.37
Securities		880,382		834,472		745,486		721,640		741,207		5.50		880,382		741,207		18.78
Mortgage loans held for sale		9,399		27,704		25,639		21,261		16,597		(66.07)		9,399		16,597		(43.37)
Loans not subject to loss share		2,190,376		2,190,909		2,231,075		2,263,263		2,308,335		(0.02)		2,190,376		2,308,335		(5.11)
Loans subject to loss share		386,811		333,681		352,535		-		-		15.92		386,811		-		-
Intangibles		191,581		191,867		192,391		190,411		190,881		(0.15)		191,581		190,881		0.37
Non-interest bearing deposits		$    486,676		$    368,798		$    361,504		$    313,309		$    315,064		31.96		$    486,676		$    315,064		54.47
Interest bearing deposits		3,158,198		3,099,353		3,054,424		2,374,903		2,398,784		1.90		3,158,198		2,398,784		31.66
	Total deposits	3,644,874		3,468,151		3,415,928		2,688,212		2,713,848		5.10		3,644,874		2,713,848		34.31
Borrowed funds		260,149		316,436		322,245		459,762		483,183		(17.79)		260,149		483,183		(46.16)
Shareholders' equity		473,354		469,509		477,034		412,235		410,557		0.82		473,354		410,557		15.30
Market value per common share		$        16.98		$        16.91		$        15.21		$        14.35		$        16.18		0.41		$        16.98		$        16.18		4.94
Book value per common share		18.89		18.75		19.05		19.54		19.47		0.77		18.89		19.47		(2.99)
Tangible book value per common share		11.25		11.09		11.37		10.51		10.42		1.43		11.25		10.42		7.93
Shareholders' equity to assets (actual)		10.70%		10.93%		11.21%		11.47%		11.27%				10.70%		11.27%
Tangible capital ratio		6.66%		6.76%		7.00%		6.52%		6.37%				6.66%		6.37%
Leverage ratio		8.77%		8.97%		9.03%		8.78%		8.74%				8.77%		8.74%
Tier 1 risk-based capital ratio		13.60%		13.58%		13.55%		11.42%		11.20%				13.60%		11.20%
Total risk-based capital ratio		14.85%		14.83%		14.80%		12.67%		12.45%				14.85%		12.45%
*Percent variance not meaningful

RENASANT CORPORATION (Unaudited) (Dollars in thousands, except per share data)
												Q1 2011 -		For the Three Months
		2011		2010								Q4 2010		Ended March 31,
Loans not subject to loss share by category		First Quarter		Fourth Quarter		Third Quarter		Second Quarter		First Quarter		Percent Variance		2011		2010		Percent Variance
Commercial, financial, agricultural		$    250,889		$    244,355		$    259,710		$    273,356		$    276,749		2.67		$    250,889		$    276,749		(9.34)
Lease financing		458		503		547		601		677		(8.95)		458		$           677		(32.35)
Real estate - construction		71,559		66,798		62,593		62,469		110,121		7.13		71,559		$    110,121		(35.02)
Real estate - 1-4 family mortgages		730,860		749,863		770,773		798,185		809,271		(2.53)		730,860		$    809,271		(9.69)
Real estate - commercial mortgages		1,073,561		1,065,271		1,072,484		1,071,876		1,055,102		0.78		1,073,561		$ 1,055,102		1.75
Installment loans to individuals		63,049		64,119		64,968		56,776		56,415		(1.67)		63,049		$      56,415		11.76
	Loans, net of unearned	$ 2,190,376		$ 2,190,909		$ 2,231,075		$ 2,263,263		$ 2,308,335		(0.02)		$ 2,190,376		$ 2,308,335		(5.11)
Loans subject to loss share by category
Commercial, financial, agricultural		$      22,964		$      20,921		$      22,543		$                -		$                -		9.77		$      22,964		$                -		-
Lease financing		-		-		-		-		-		-		-		$                -		-
Real estate - construction		13,847		15,563		17,385		-		-		(11.03)		13,847		$                -		-
Real estate - 1-4 family mortgages		123,770		122,519		138,863		-		-		1.02		123,770		$                -		-
Real estate - commercial mortgages		226,038		174,572		172,145		-		-		29.48		226,038		$                -		-
Installment loans to individuals		192		106		1,599		-		-		81.13		192		$                -		-
	Loans, net of unearned	$    386,811		$    333,681		$    352,535		$                -		$                -		15.92		$    386,811		$                -		-
*Percent variance not meaningful

SOURCE Renasant Corporation

Copyright 2011 PR Newswire