Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 174

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 174
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 $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 1,070,032 — 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