Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 248

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 248
---
 of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The fair value of a financial instrument is the 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.

46

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 3TotalSeptember 30, 2025     Financial assets:     Cash and cash equivalents$643,617 $643,617 $— $— $643,617 Interest bearing balances due from banks - time100 — 100 — 100 Interest receivable104,383 — 104,383 — 104,383 Loans, net16,930,811 — — 16,437,397 16,437,397 Financial liabilities:Noninterest bearing transaction accounts4,377,232 — 4,377,232 — 4,377,232 Interest bearing transaction accounts and savings deposits10,932,914 — 10,932,914 — 10,932,914 Time deposits4,527,587 — — 4,517,264 4,517,264 Federal funds purchased and securities sold under agreements to repurchase22,348 — 22,348 — 22,348 Other borrowings18,832 — 18,010 — 18,010 Subordinated notes and debentures648,976 — 654,661 — 654,661 Interest payable47,415 — 47,415 — 47,415 December 31, 2024Financial assets:Cash and cash equivalents$687,377 $687,377 $— $— $687,377 Interest bearing balances due from banks - time