Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 202

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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214 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.Based upon the Company’s analysis of the underlying risk characteristics of its AFS portfolio, including credit ratings and other qualitative factors, as previously discussed, there was no provision for credit losses related to the Company’s AFS portfolio recorded for the three and nine month periods ended September 30, 2025 or 2024. During the three and nine month periods ended September 30, 2025, the Company recaptured $3.2 million of the allowance for credit loss related to HTM securities due to the balance sheet repositioning. Income earned on securities for the three and nine months ended September 30, 2025 and 2024, is as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In thousands)2025202420252024Taxable:  Held-to-maturity$2,370 $10,533 $22,993 $32,378 Available-for-sale26,813 26,940 69,007 86,576 Non-taxable:Held-to-maturity1,945 10,101 22,048 30,298 Available-for-sale6,336 5,646 17,571 17,019 Total$37,464 $53,220 $131,619 $166,271 

15

The amortized cost and estimated fair value by maturity of AFS securities as of September 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.  Available-for-Sale(In thousands)AmortizedCostFairValueOne year or less$10,889 $10,792 After one through five years104,625 104,255 After five through