Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 98

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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2025 Notes qualify for Tier 2 capital treatment.The Company had total outstanding FHLB advances of $2.7 million and $727.9 million at September 30, 2025 and December 31, 2024, respectively. The outstanding FHLB advances as of December 31, 2024 were primarily whole loan advances, which are due less than one year from origination and therefore were classified as short-term advances by the Company. The decrease in FHLB advances during the nine months ended September 30, 2025 was due to the pay down of higher cost wholesale funding, including the FHLB advances, using the proceeds from the sale of securities during the third quarter of 2025. At September 30, 2025, the FHLB advances outstanding were secured by mortgage loans and investment securities totaling approximately $6.64 billion and the Company had approximately $6.13 billion of additional advances available from the FHLB. The Company’s long-term debt primarily includes subordinated debt and other notes payable. The aggregate contractual annual maturities of long-term debt at September 30, 2025, are as follows:Year(In thousands)Remainder of 2025$394 20261,703 20271,764 2028332,405 20299,803 Thereafter324,013 Total$670,082 

NOTE 11: CONTINGENT LIABILITIES

 In the ordinary course of its operations, the Company and its subsidiaries are parties to various legal proceedings incidental to the conduct of its business, including proceedings based on breach of contract claims, lender liability claims, and other ordinary-course claims, some of which seek substantial relief or damages.The Company establishes reserves for legal proceedings when potential losses become probable and can be reasonably estimated. While the ultimate resolution (including amounts thereof) of any legal proceedings cannot be determined at this time, based on information presently available and after consultation with legal counsel, management believes that the ultimate outcome in such proceedings, either individually or in the aggregate, will not have a material adverse effect on the Company’s business, consolidated results of operations, financial condition, or cash flows. It is possible, however, that future developments could result in an unfavorable outcome for or resolution of any of these proceedings, which may be material to the Company’s results of operations for a given fiscal period.

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NOTE 12: CAPITAL STOCK

 On February 27, 2009, at a special meeting, the