Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 194

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 194
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2024Taxable:  Held-to-maturity$10,224 $10,842 $20,623 $21,845 Available-for-sale21,009 28,441 42,194 59,636 Non-taxable:Held-to-maturity10,052 10,097 20,103 20,197 Available-for-sale5,613 5,670 11,235 11,373 Total$46,898 $55,050 $94,155 $113,051 The amortized cost and estimated fair value by maturity of securities as of June 30, 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$472 $470 $12,674 $12,558 After one through five years134,575 128,403 109,982 109,571 After five through ten years380,761 336,643 155,440 144,788 After ten years2,054,624 1,505,309 1,022,115 788,199 Securities not due on a single maturity date1,024,313 921,149 1,464,212 1,349,991 Other securities (no maturity)— — 213 213 Total$3,594,745 $2,891,974 $2,764,636 $2,405,320  The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $2.61 billion at June 30, 2025 and $2.36 billion at December 31, 2024. 

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There were no gross realized gains and no gross realized losses from the call or sale of securities during the three and six months ended June 30, 2025 and 2024, as they were recognized at book value of the security. The income tax expense/benefit related to security gains/losses was 26.135% of the gross amounts in 2025 and 2024.The Company has entered into