Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 92

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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Up to 30 Days30-90 DaysGreater than90 DaysTotalJune 30, 2025     Repurchase agreements:U.S. Government agencies$30,906 $— $— $— $30,906 December 31, 2024Repurchase agreements:U.S. Government agencies$36,709 $— $— $— $36,709 

33

NOTE 10: OTHER BORROWINGS AND SUBORDINATED NOTES AND DEBENTURES

 Debt at June 30, 2025 and December 31, 2024 consisted of the following components: June 30,December 31,(In thousands)20252024Other Borrowings  FHLB advances, net of discount, due 2025 to 2033, 4.38% to 5.53% secured by real estate loans$617,800 $727,945 Other long-term debt16,549 17,427 Total other borrowings634,349 745,372 Subordinated Notes and DebenturesSubordinated notes payable, due 4/1/2028, fixed-to-floating rate (fixed rate of 5.00% through 3/31/2023, floating rate of 2.15% above the three-month SOFR rate, reset quarterly)330,000 330,000 Subordinated notes payable, net of premium adjustments, due 7/31/2030, fixed-to-floating rate (fixed rate of 6.00% through 7/30/2025, floating rate of 5.92% above the three-month SOFR rate, reset quarterly)37,000 37,057 Unamortized debt issuance costs(631)(764)Total subordinated notes and debentures366,369 366,293 Total other borrowings and subordinated debt$1,000,718 $1,111,665 In March 2018, the Company issued $330.0 million in aggregate principal amount, of 5.00% Fixed-to-Floating Rate Subordinated Notes (“Notes”) at a public offering price equal to 100% of the aggregate principal amount of the Notes. The Company incurred $3.6 million in debt issuance costs related to the offering during March 2018. The Notes will mature on April 1, 2028 and initially bore interest at a fixed rate of 5.