Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 75

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 The Company primarily uses interest rate reduction and/or payment modifications or extensions, with an occasional forgiveness of principal. 

19

The following table presents a summary of the amortized cost basis of loan modifications granted to borrowers experiencing financial difficulty, segregated by class of loans and type of loan modification, for the three and nine month periods ended September 30, 2025.Percent ofPercent ofInterest RateTotal ClassTotal Class(Dollars in thousands)Reductionof LoansTerm Extensionof LoansThree Months Ended September 30, 2025Consumer:Other consumer$— — %$21 0.02 %Total consumer— 21 Real estate:Single family residential309 0.01 %— — %Total real estate309 — Total$309 $21 Nine Months Ended September 30, 2025Consumer:Other consumer$— — %$21 0.02 %Total consumer— 21 Real estate:Single family residential827 0.03 %— — %Total real estate827 — Total$827 $21 The financial effects of the loan modifications made to borrowers experiencing financial difficulty were not significant during the three and nine month periods ended September 30, 2025. Furthermore, such modifications did not significantly impact the Company’s determination of the allowance for credit losses during those periods.The following table presents a summary of the amortized cost basis of loan modifications granted to borrowers experiencing financial difficulty, segregated by class of loans and type of loan modification, for the three and nine month periods ended September 30, 2024.Percent ofInterest RateTotal Class(Dollars in thousands)Reductionof LoansThree Months Ended September 30, 2024Real estate:Single family residential$142 0.01 %Total real estate$142 Nine Months Ended September 30, 2024Real estate:Single family residential$795 0.03 %Total real estate$795 

20

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty. There was one CRE loan, related to a downtown St. Louis hotel that was originated pre-pandemic, to a borrower experiencing financial difficulty with a period-end amortized cost basis of $26.7 million that was modified during the previous twelve months and which subsequently defaulted during the nine months ended September 30, 2025. This CRE loan was placed on nonaccrual status during the period. There was one commercial loan