Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 244

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 244
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 value utilizing Level 2 inputs. The Company obtains fair value measurements from dealer quotes.

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The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024.   Fair Value Measurements Using(In thousands)Fair ValueQuoted Prices inActive Markets forIdentical Assets(Level 1)Significant OtherObservable Inputs(Level 2)SignificantUnobservable Inputs(Level 3)September 30, 2025    Available-for-sale securities    U.S. Government agencies$48,355 $— $48,355 $— Mortgage-backed securities2,249,593 — 2,249,593 — State and political subdivisions845,371 — 845,371 — Other securities175,958 — 175,958 — Mortgage loans held for sale15,507 — — 15,507 Assets held in trading accounts12,695 12,695 — — Derivative asset96,065 — 96,065 — Derivative liability(35,363)— (35,363)— December 31, 2024Available-for-sale securitiesU.S. Treasury$996 $996 $— $— U.S. Government agencies54,547 — 54,547 — Mortgage-backed securities1,392,759 — 1,392,759 — States and political subdivisions858,182 — 858,182 — Other securities222,942 — 222,942 — Mortgage loans held for sale11,417 — — 11,417 Derivative asset127,474 — 127,474 — Derivative liability(24,032)— (24,032)— Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Assets and liabilities measured at fair value on a nonrecurring basis include the following:Individually assessed loans (collateral-dependent) – When the Company has a specific expectation to initiate, or has initiated, foreclosure proceedings, and when the repayment of a loan is expected to be substantially dependent on the liquidation of underlying collateral,