Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 228

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 228
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2 million of federal net operating losses subject to the IRC Section 382 annual limitation are expected to be utilized by the Company. All of the acquired net operating loss carryforwards are expected to be fully utilized by 2036.The Company files income tax returns in the U.S. federal jurisdiction. The Company’s U.S. federal income tax returns are open and subject to examinations from the 2021 tax year and forward. The Company’s various state income tax returns are generally open from the 2021 and later tax return years based on individual state statute of limitations.

NOTE 9: SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

 The Company utilizes securities sold under agreements to repurchase to facilitate the needs of its customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. The Company monitors collateral levels on a continuous basis. The Company may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with the Company’s safekeeping agents. The gross amount of recognized liabilities for repurchase agreements was $21.9 million and $36.7 million at September 30, 2025 and December 31, 2024, respectively. The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheets as of September 30, 2025 and December 31, 2024 is presented in the following tables.  Remaining Contractual Maturity of the Agreements(In thousands)Overnight andContinuousUp to 30 Days30-90 DaysGreater than90 DaysTotalSeptember 30, 2025     Repurchase agreements:U.S. Government agencies$21,948 $— $— $— $21,948 December 31, 2024Repurchase agreements:U.S. Government agencies$36,709 $— $— $— $36,709 

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NOTE 10: OTHER BORROWINGS AND SUBORDINATED NOTES AND DEBENTURES

 Debt at September 30, 2025 and December 31, 2024 consisted of the following components: September 30,December 31,(In thousands)20252024Other Borrowings  FHLB advances, net of discount, due 2028 to 2033, 4.56% to 5.53%