Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 220

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 220
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, 2024, respectively. The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheets as of June 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 DaysTotalJune 30, 2025     Repurchase agreements:U.S. Government agencies$30,906 $— $— $— $30,906 December 31, 2024Repurchase agreements:U.S. Government agencies$36,709 $— $— $— $36,709 

33

NOTE 10: OTHER BORROWINGS AND SUBORDINATED NOTES AND DEBENTURES

 Debt at June 30, 2025 and December 31, 2024 consisted of the following components: June 30,December 31,(In thousands)20252024Other Borrowings  FHLB advances, net of discount, due 2025 to 2033, 4.38% to 5.53% secured by real estate loans$617,800 $727,945 Other long-term debt16,549 17,427 Total other borrowings634,349 745,372 Subordinated Notes and DebenturesSubordinated notes payable, due 4/1/2028, fixed-to-floating rate (fixed rate of 5.00% through 3/31/2023, floating rate of 2.15% above the three-month SOFR rate, reset quarterly)330,000 330,000 Subordinated notes payable, net of premium adjustments, due 7/31/2030, fixed-to-floating rate (fixed rate of 6.00% through 7/30/2025, floating rate of 5.92% above the three-month SOFR rate, reset quarterly)37,000 37,057 Unamortized debt issuance costs(631)(764)Total subordinated notes and debentures366,369 366,293 Total other borrowings and subordinated debt$1,000,718 $1,111,665 In March 2018, the Company issued $330.0 million in aggregate principal amount, of 5.00% Fixed-to-Floating Rate Subordinated Notes (“