Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 68

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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018 $3,214 Provision for credit loss expense(202)(3,012)(3,214)Net increase (decrease) in allowance on previously impaired securities6 (6)— Ending balance, September 30, 2025$— $— $— 

14

Activity in the allowance for credit losses by investment security type for the three and nine months ended September 30, 2024 on the Company’s HTM securities portfolio was as follows:(In thousands)State and Political SubdivisionsOtherSecuritiesTotalThree Months Ended September 30, 2024Held-to-maturityBeginning balance, July 1, 2024$191 $3,023 $3,214 Provision for credit loss expense— — — Net increase (decrease) in allowance on previously impaired securities36 (36)— Ending balance, September 30, 2024$227 $2,987 $3,214 Nine Months Ended September 30, 2024Held-to-maturityBeginning balance, January 1, 2024$2,006 $1,208 $3,214 Provision for credit loss expense— — — Net (decrease) increase in allowance on previously impaired securities(1,779)1,779 — Ending balance, September 30, 2024$227 $2,987 $3,214 Historical loss rates associated with securities having similar grades as those in the Company’s portfolio have generally not been significant. Pre-refunded securities, if any, have been defeased by the issuer and are fully secured by cash and/or U.S. Treasury securities held in escrow for payment to holders when the underlying call dates of the securities are reached. Securities with other credit enhancement or insurance continue to make timely principal and interest payments under the contractual terms of the securities. Accordingly, no allowance for credit losses has been recorded for these securities as there is no current expectation of credit losses related to these securities.Based upon the Company’s analysis of the underlying risk characteristics of its AFS portfolio, including credit ratings and other qualitative factors, as previously discussed, there was no provision for credit losses related to the Company’s AFS portfolio recorded for the three and nine month periods ended September 30, 2025 or 2024. During the three and nine month periods ended September 30, 2025, the Company recaptured $3.2