Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 115

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 115
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Gross UnrealizedGainsGross Unrealized(Losses)Estimated FairValueAvailable-for-saleDecember 31, 2024U.S. Treasury$999 $— $— $(3)$996 U.S. Government agencies55,589 — 5 (1,047)54,547 Mortgage-backed securities1,545,539 — 4 (152,784)1,392,759 State and political subdivisions1,015,619 — 132 (157,569)858,182 Other securities235,028 — 166 (12,252)222,942 Total AFS$2,852,774 $— $307 $(323,655)$2,529,426 December 31, 2023U.S. Treasury$2,285 $— $— $(31)$2,254 U.S. Government agencies74,460 — 35 (1,993)72,502 Mortgage-backed securities2,138,652 — 8 (198,353)1,940,307 State and political subdivisions1,035,147 — 187 (132,541)902,793 Other securities259,165 — — (24,868)234,297 Total AFS$3,509,709 $— $230 $(357,786)$3,152,153 

54

Table 13 reflects the amortized cost and estimated fair value of securities at December 31, 2024, by contractual maturity and the weighted average yields (for tax-exempt obligations on a fully taxable equivalent basis, assuming a 26.135% tax rate) of such securities. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations, with or without call or prepayment penalties.

Table 13: Maturity Distribution of Investment Securities

 December 31, 2024  OverOver       1 year5 years  Total 1 yearthroughthroughOverNo fixedAmortizedParFair(In thousands)or less5 years10 years10 yearsmaturityCostValueValueHeld-to-Maturity        U.S. Government agencies$—$3,403$105,920$346,546$—$455,869$480,246 $359,908 Mortgage-backed securities