Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 251

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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946 $1,001,715 $103,366 Derivative liabilitiesAccrued interest and other liabilitiesDaily WA SOFR3.07% - 3.56%325,000 (2,274)— — 

48

The following amounts were recorded on the balance sheet related to carrying amounts and cumulative basis adjustments for fair value hedges.Carrying Amount of Hedged Assets/LiabilitiesCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets/LiabilitiesLine Item on the Balance Sheet (In thousands)September 30, 2025December 31, 2024September 30, 2025December 31, 2024Investment securities - Available-for-sale$968,514 $934,132 $64,170 $103,595 Subordinated debentures318,976 — (2,274)— Cash Flow HedgesFor derivative instruments that are designated and qualify as a cash flow hedge, the aggregate fair value of the derivative instrument is recorded in other assets or other liabilities with any gain or loss related to changes in fair value recorded in accumulated other comprehensive income (loss), net of tax. The gain or loss is reclassified into earnings in the same period during which the hedged asset or liability affects earnings and is presented in the same income statement line item as the earnings effect of the hedged asset or liability. During the third quarter of 2025, the Company executed step-down interest rate swaps on certain variable rate loans within the CRE and commercial and industrial portfolios with maturity dates ranging from 2026 to 2029 and certain securities within the variable rate commercial MBS portfolio with maturity dates ranging from 2026 to 2027. These receive-fixed/pay-variable swaps are used to manage variability in future cash flows related to interest rate exposure within each portfolio.The following table summarizes the cash flow hedges recorded in the accompanying consolidated balance sheets.September 30, 2025December 31, 2024(In thousands)Balance Sheet LocationWeighted Average Pay RateReceive RateNotionalFair ValueNotionalFair ValueVariable rate loansOther assets1M CME Term SOFR3.18% - 4.05%$1,000,000 $1,216 $— $— Variable rate commercial MBSOther assetsSOFR 30A3.07% - 3.82%300,000 162 — — The following table summarizes the