Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 180

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 180
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 31, 2025 and $2.36 billion at December 31, 2024. There were no gross realized gains and no gross realized losses from the call or sale of securities during the three months ended March 31, 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 various fair value hedging transactions to mitigate the impact of changing interest rates on the fair value of AFS securities. See Note 22, Derivative Instruments, for disclosure of the gains and losses recognized on derivative instruments and the cumulative fair value hedging adjustments to the carrying amount of the hedged securities.

15

NOTE 3: LOANS AND ALLOWANCE FOR CREDIT LOSSES

At March 31, 2025, the Company’s loan portfolio was $17.09 billion, compared to $17.01 billion at December 31, 2024. The various categories of loans are summarized as follows: March 31,December 31,(In thousands)20252024Consumer:  Credit cards$179,680 $181,675 Other consumer97,198 127,319 Total consumer276,878 308,994 Real Estate:Construction and development2,778,245 2,789,249 Single family residential2,647,451 2,689,946 Other commercial8,051,304 7,912,336 Total real estate13,477,000 13,391,531 Commercial:Commercial2,372,681 2,434,175 Agricultural264,469 261,154 Total commercial2,637,150 2,695,329 Other703,050 610,083 Total loans$17,094,078 $17,005,937 The above table presents total loans at amortized cost. The difference between amortized cost and unpaid principal balance is due to (i) premiums and discounts associated with acquisition date fair value adjustments on acquired loans of $6.1 million and $7.2 million at March 31, 2025 and December 31, 2024, respectively, and (ii) deferred origination costs and fees of $8.4 million and $9.6 million at March 31, 2025 and December 31