Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 198

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 198
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(Losses)Estimated FairValueDecember 31, 2024U.S. Government agencies$455,869 $— $455,869 $— $(95,961)$359,908 Mortgage-backed securities 1,070,032 — 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 Mortgage-backed securities (“MBS”) are commercial MBS, secured by commercial properties, and residential MBS, generally secured by single-family residential properties. All mortgage-backed securities included in the table above were issued by U.S. government agencies or corporations. As of December 31, 2024, HTM MBS consisted of $136.0 million and $934.1 million of commercial MBS and residential MBS, respectively.

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The amortized cost, fair value and allowance for credit losses of investment securities that are classified as AFS are as follows:(In thousands)AmortizedCostAllowance for Credit LossesGross UnrealizedGainsGross Unrealized(Losses)Estimated FairValueAvailable-for-saleSeptember 30, 2025U.S. Government agencies$49,052 $— $2 $(699)$48,355 Mortgage-backed securities2,446,711 — 5,032 (202,150)2,249,593 State and political subdivisions1,045,691 — 47 (200,367)845,371 Other securities182,520 — 170 (6,732)175,958 Total AFS$3,723,974 $— $5,251 $(409,948)$3,319,277 December 31, 2024U.S. Treasury$999 $— $— $(3)$996 U.S. Government agencies55,589 — 5 (1,047)54,547 Mortgage-backed securities1,545,539 — 4 (152,