Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 59

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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undedOther Credit Enhancement or InsurancePre-RefundedTotalOther SecuritiesAaa/AAA$182,720 $300,211 $— $482,931 $— Aa/AA627,418 527,544 — 1,154,962 — A38,657 160,694 — 199,351 103,536 Baa/BBB— 4,388 — 4,388 153,443 Not Rated15,444 — — 15,444 — Total$864,239 $992,837 $— $1,857,076 $256,979 Historical loss rates associated with securities having similar grades as those in the Company’s portfolio have generally not been significant. Pre-refunded securities, if any, have been defeased by the issuer and are fully secured by cash and/or U.S. Treasury securities held in escrow for payment to holders when the underlying call dates of the securities are reached. Securities with other credit enhancement or insurance continue to make timely principal and interest payments under the contractual terms of the securities. Accordingly, no allowance for credit losses has been recorded for these securities as there is no current expectation of credit losses related to these securities.

14

Income earned on securities for the three months ended March 31, 2025 and 2024, is as follows:Three Months EndedMarch 31,(In thousands)20252024Taxable:  Held-to-maturity$10,399 $11,003 Available-for-sale21,185 31,195 Non-taxable:Held-to-maturity10,051 10,100 Available-for-sale5,622 5,703 Total$47,257 $58,001 The amortized cost and estimated fair value by maturity of securities as of March 31, 2025 are shown in the following table. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may differ from contractual maturities.  Held-to-MaturityAvailable-for-Sale(In thousands)AmortizedCostFairValueAmortizedCostFairValueOne year or less$1,940 $1,936 $4,510 $4,480 After one through five years88,294 83,044 107,184 106,936 After five through ten