Slide 1: COVID-19 Credit Update Q1 2020
COVID-19 Credit Update Q1 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain various statements about Renasant Corporation (“Renasant,” “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 Exchan
Slide 3: Loan Portfolio
Loan Portfolio* • Legacy of proactive portfolio management and Consumer Const 4.1% 8.1% Land Dev prudent credit underwriting C&I 1.6% 14.6% • Granular loan portfolio: o Average loan size is approximately $109,000 o No single commercial collateral type exceeds 1-4 Family 29.1% 7% of total portfolio o
Slide 4: C&D and CRE Loan Concentration Levels
C&D and CRE Loan Concentration Levels Acquisition, Development & Construction (ADC) and Commercial Real Estate (CRE) ADC Loans as a Percentage of CRE Loans (Construction & Perm) as a Risk Based Capital Percentage of Risk Based Capital 100% 300% 83% 80% 80% 79% 80% 81% 79% 250% 80% 76% 77% 75% 77% 69
Slide 5: Credit Quality Overview
Credit Quality Overview • Early identification of portfolios that may be more sensitive to COVID-19 related impact • Proactively reached out to clients to understand the potential impact on their businesses activities • Identified Hospitality, Restaurant, Entertainment and Retail Trade portfolios to
Slide 6: Loan Deferral Program
Loan Deferral Program • As of April 23, 2020, approximately 15% of total loan portfolio under the deferral program • In mid-March, Company offered a 90-day deferral of principal and interest to consumers and commercial customers who met the following criteria at the time of deferral: o Current on ta
Slide 7: Hospitality & Entertainment
Hospitality & Entertainment Hospitality Portfolio by Flag1 Entertainment Portfolio by Type1 Other Independent National 6.1% Flags Golf 8.6% Other Courses Wyndham Marriott 25.8% 25.6% 3.3% 33.2% Holiday Inn (IHG) 14.0% Fitness Theaters Centers 12.7% 13.0% Sports Facilities/Instruction Marinas 3.5% Hi
Slide 8: Restaurant & Retail Trade
Restaurant & Retail Trade Restaurant Portfolio by Type1 Retail Trade Portfolio by Type1 Other Other Auto Dealers 3.2% 13.3% 12.1% Full-Service 45.7% Single Tenant 21.9% Limited- Grocery Service Unanchored Anchored 51.1% Multi- 3.8% Tenant 34.4% Other Anchored 14.5% • Restaurant represents 2.8% of to
Slide 9: CARES Act and Payment Protection Program (PPP)
CARES Act and Payment Protection Program (PPP) • Processed approximately 4,500 applications and obtained funding of approximately $1 billion through April 16, 2020 • Offered access to the Program for clients and non-clients • Implemented operating efficiencies and scalability measures to enhance ser