Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 183

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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 extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.The amortized cost basis of nonaccrual loans segregated by class of loans are as follows:March 31,December 31,(In thousands)20252024Consumer:  Credit cards$576 $565 Other consumer380 678 Total consumer956 1,243 Real estate:Construction and development13,452 10,681 Single family residential32,495 33,972 Other commercial66,930 28,524 Total real estate112,877 73,177 Commercial:Commercial37,260 35,161 Agricultural801 570 Total commercial38,061 35,731 Other3 3 Total$151,897 $110,154 As of March 31, 2025 and December 31, 2024, nonaccrual loans for which there was no related allowance for credit losses had an amortized cost of $1.1 million and $1.7 million, respectively. These loans are individually assessed and do not hold an allowance due to being adequately collateralized under the collateral-dependent valuation method.

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An age analysis of the amortized cost basis of past due loans, including nonaccrual loans, segregated by class of loans is as follows: (In thousands)Gross30-89 DaysPast Due90 Daysor MorePast DueTotalPast DueCurrentTotalLoans90 DaysPast Due &AccruingMarch 31, 2025      Consumer:      Credit cards$1,628 $580 $2,208 $177,472 $179,680 $459 Other consumer848 136 984 96,214 97,198 — Total consumer2,476 716 3,192 273,686 276,878 459 Real estate:Construction and development426 12,933 13,359 2,764,886 2,778,245 — Single family residential28,076 15,531 43,607 2,603,844 2,647,451 8 Other commercial10,230 50,516 60,746 7,990,558 8,051,304 — Total real estate38,732 78,980