Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 89

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 as follows: (In thousands)YearAmortizationExpense Remainder of 2025$6,194  202612,346  202712,218  202811,312  20298,563  Thereafter39,984  Total$90,617 

NOTE 7: TIME DEPOSITS

 Time deposits included approximately $1.49 billion and $1.55 billion of certificates of deposit over $250,000 at June 30, 2025 and December 31, 2024, respectively. Brokered time deposits were $3.24 billion and $3.30 billion at June 30, 2025 and December 31, 2024, respectively.

NOTE 8: INCOME TAXES

 The provision for income taxes is comprised of the following components for the periods indicated below: Three Months EndedJune 30,Six Months EndedJune 30,(In thousands)2025202420252024Income taxes currently payable$10,529 $7,605 $17,428 $13,360 Deferred income taxes(1,658)(1,617)(2,745)(1,238)Provision for income taxes$8,871 $5,988 $14,683 $12,122 

31

The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: June 30,December 31,(In thousands)20252024Deferred tax assets:  Loans acquired$1,588 $2,141 Allowance for credit losses59,450 55,196 Valuation of foreclosed assets375 374 Tax NOLs from acquisition9,868 9,945 Deferred compensation payable4,005 3,989 Accrued equity and other compensation7,320 9,323 Acquired securities7,526 7,504 Right-of-use lease liability15,417 16,416 Unrealized loss on AFS securities125,578 128,873 Allowance for unfunded commitments6,087 6,069 Other7,016 7,163 Gross deferred tax assets244,230 246,993 Deferred tax liabilities:Goodwill and other intangible amortization(37,222)(38,139)Accumulated