Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 101

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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 current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument.

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The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:  CarryingFair Value Measurements(In thousands)AmountLevel 1Level 2Level 3TotalMarch 31, 2025     Financial assets:     Cash and cash equivalents$634,286 $634,286 $— $— $634,286 Interest bearing balances due from banks - time100 — 100 — 100 Held-to-maturity securities, net3,615,556 — 2,929,625 — 2,929,625 Interest receivable117,398 — 117,398 — 117,398 Loans, net16,841,910 — — 16,266,425 16,266,425 Financial liabilities:Noninterest bearing transaction accounts4,455,255 — 4,455,255 — 4,455,255 Interest bearing transaction accounts and savings deposits11,265,554 — 11,265,554 — 11,265,554 Time deposits5,963,811 — — 5,949,775 5,949,775 Federal funds purchased and securities sold under agreements to repurchase50,133 — 50,133 — 50,133 Other borrowings884,863 — 883,754 — 883,754 Subordinated notes and debentures366,331 — 365,081 — 365,081 Interest payable52,636 — 52,636 — 52,636 December 31, 2024Financial assets:Cash and cash equivalents$687,377 $687,377 $— $— $687,377 Interest bearing balances due from banks - time100 — 100 — 100 Held