Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 268

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 268
---
 as a percent of total loans was 1.48% as of June 30, 2025. Nonperforming loans equaled 0.92% of total loans. Nonperforming assets were 0.62% of total assets, a 17 basis point increase from December 31, 2024. The allowance for credit losses was 161% of nonperforming loans. Our annualized net charge-offs to average total loans ratio for the first six months of 2025 was 0.24%. Annualized net credit card charge-offs to average total credit card loans were 2.85% for the first six months of 2025, compared to 2.93% during the full year 2024, and 182 basis points better than the most recently published industry average charge-off ratio as reported by the Federal Reserve for all banks.

62

Table 8 presents information concerning nonperforming assets, including nonaccrual loans at amortized cost and foreclosed assets held for sale. 

Table 8: Nonperforming Assets 

June 30,December 31,June 30,(Dollars in thousands)202520242024Nonaccrual loans (1)$156,453 $110,154 $102,891 Loans past due 90 days or more (principal or interest payments)709 603 558 Total nonperforming loans157,162 110,757 103,449 Other nonperforming assets:Foreclosed assets held for sale and other real estate owned8,794 9,270 2,209 Other nonperforming assets759 1,202 1,167 Total other nonperforming assets9,553 10,472 3,376 Total nonperforming assets$166,715 $121,229 $106,825 Allowance for credit losses to nonperforming loans161 %212 %223 %Nonperforming loans to total loans0.92 %0.65 %0.60 %Nonperforming assets to total assets0.62 %0.45 %0.39 %

_______________________________________

(1)Includes nonaccrual FDMs of approximately $27.9 million and $597,000 at June 30, 2025 and December 31, 2024, respectively.

The interest income on nonaccrual loans is not considered material for the three and six month