Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 220

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 220
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ated internal risk rating. For a collateral-dependent loan, the Company’s evaluation process includes a valuation by appraisal or other collateral analysis adjusted for selling costs, when appropriate. This valuation is compared to the remaining outstanding principal balance of the loan. If a loss is determined to be probable, the loss is included in the allowance for credit losses as a specific allocation.Loans for which the repayment is expected to be provided substantially through the operation or sale of collateral and where the borrower is experiencing financial difficulty had an amortized cost of $108.4 million and $102.6 million as of September 30, 2025 and December 31, 2024, respectively, as further detailed in the table below. The collateral securing these loans consist of commercial real estate properties, residential properties, and other business assets.(In thousands)Real Estate CollateralOther CollateralTotalSeptember 30, 2025Construction and development$402 $— $402 Single family residential— — — Other commercial real estate92,542 — 92,542 Commercial15,472 15,472 Total$92,944 $15,472 $108,416 December 31, 2024Construction and development$1,251 $— $1,251 Single family residential— — — Other commercial real estate69,429 — 69,429 Commercial— 31,900 31,900 Total$70,680 $31,900 $102,580 The following table details activity in the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2025. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. (In thousands)CommercialRealEstateCreditCardOtherConsumerand OtherTotalAllowance for credit losses:Three Months Ended September 30, 2025Beginning balance, July 1, 2025$37,198 $203,985 $6,087 $6,267 $253,537 Provision for credit loss expense7,196 5,517 1,499 968 15,180 Charge-offs(8,079)(1,350)(1,862)(600)(11,891)Recoveries505 115 257 303 1,180 Net (charge-offs) recoveries(7,574)(1,235)(1,605