Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 237

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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/RateTotalVolumeYield/RateTotalIncrease (decrease) in:   Interest income:   Interest bearing balances due from banks and federal funds sold$28 $(238)$(210)$390 $(697)$(307)Investment securities - taxable(862)(2,013)(2,875)(5,885)(4,729)(10,614)Investment securities - non-taxable(203)160 (43)(222)138 (84)Mortgage loans held for sale(40)(18)(58)(14)(12)(26)Loans - including fees(4,586)(10,383)(14,969)304 (4,093)(3,789)Total(5,663)(12,492)(18,155)(5,427)(9,393)(14,820)Interest expense:Interest bearing transaction and savings accounts1,365 (5,839)(4,474)318 (11,115)(10,797)Time deposits(2,550)(5,552)(8,102)(3,164)(7,518)(10,682)Federal funds purchased and securities sold under agreements to repurchase(20)14 (6)(45)(31)(76)Other borrowings(2,556)(1,116)(3,672)(2,019)(1,916)(3,935)Subordinated notes and debentures1 (372)(371)3 (841)(838)Total(3,760)(12,865)(16,625)(4,907)(21,421)(26,328)(Decrease) increase in net interest income$(1,903)$373 $(1,530)$(520)$12,028 $11,508 

PROVISION FOR CREDIT LOSSES

The provision for credit losses represents management’s determination of the amount necessary to be charged against the current period’s earnings in order to maintain the allowance for credit losses at a level considered appropriate in relation to the estimated lifetime risk inherent in the loan portfolio. The level of provision to the allowance is based on management’s judgment, with consideration given to the composition, maturity and other qualitative characteristics of the portfolio, assessment of current economic conditions, reasonable and supportable forecasts, past due and nonperforming loans and historical net credit loss experience. It is management’s practice to review the allowance on a monthly basis and, after considering the factors previously noted, to determine the level of provision made to the