Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 114

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 114
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 are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of December 31, 2024, we believe the declines in fair value detailed in the table below are temporary and we do not believe any of the securities are impaired due to reasons of credit quality. 

53

Table 12 presents the amortized cost, fair value and allowance for credit losses on investment securities for each of the years indicated.

Table 12: Investment Securities

(In thousands)Amortized CostAllowance for Credit LossesNet Carrying AmountGross UnrealizedGainsGross Unrealized(Losses)Estimated FairValueHeld-to-maturity   December 31, 2024U.S. Government agencies$455,869 $— $455,869 $— $(95,961)$359,908 Mortgage-backed securities1,070,032 — 1,070,032 212 (133,746)936,498 State and political subdivisions1,857,373 (196)1,857,177 20 (436,061)1,421,136 Other securities256,576 (3,018)253,558 — (21,149)232,409 Total HTM$3,639,850 $(3,214)$3,636,636 $232 $(686,917)$2,949,951 December 31, 2023U.S. Government agencies$453,121 $— $453,121 $— $(89,203)$363,918 Mortgage-backed securities1,161,694 — 1,161,694 354 (107,834)1,054,214 State and political subdivisions1,858,680 (2,006)1,856,674 284 (369,509)1,487,449 Other securities256,007 (1,208)254,799 — (25,010)229,789 Total HTM$3,729,502 $(3,214)$3,726,288 $638 $(591,556)$3,135,370 

(In thousands)AmortizedCostAllowance for Credit Losses