Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 54

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 may be sold in the future, are carried at fair value. Realized gains and losses, based on specifically identified amortized cost of the individual security, are included in other income. Unrealized gains and losses are recorded, net of related income tax effects, in stockholders’ equity, further discussed below. Premiums and discounts are amortized and accreted, respectively, to interest income using the constant effective yield method over the estimated life of the security. Prepayments are anticipated for mortgage-backed and SBA securities. Premiums on callable securities are amortized to their earliest call date.During the quarters ended June 30, 2022 and September 30, 2021, the Company transferred, at fair value, $1.99 billion and $500.8 million, respectively, of securities from the AFS portfolio to the HTM portfolio. As of March 31, 2025, the related remaining combined net unrealized losses of $103.8 million in accumulated other comprehensive income (loss) will be amortized over the remaining life of the securities. No gains or losses on these securities were recognized at the time of transfer. The amortized cost, fair value and allowance for credit losses of investment securities that are classified as HTM are as follows: (In thousands)Amortized CostAllowance for Credit LossesNet Carrying AmountGross UnrealizedGainsGross Unrealized(Losses)Estimated FairValueHeld-to-maturity   March 31, 2025U.S. Government agencies$456,545 $— $456,545 $— $(83,796)$372,749 Mortgage-backed securities 1,048,170 — 1,048,170 313 (111,288)937,195 State and political subdivisions1,857,076 (171)1,856,905 44 (474,041)1,382,908 Other securities256,979 (3,043)253,936 — (17,163)236,773 Total HTM$3,618,770 $(3,214)$3,615,556 $357 $(686,288)$2,929,625 December 31, 2024U.S. Government agencies$455,869 $— $455,869 $— $(95,961)$359,908 Mortgage-backed securities 1