Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 179

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 179
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 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.

14

Income earned on securities for the three months ended March 31, 2025 and 2024, is as follows:Three Months EndedMarch 31,(In thousands)20252024Taxable:  Held-to-maturity$10,399 $11,003 Available-for-sale21,185 31,195 Non-taxable:Held-to-maturity10,051 10,100 Available-for-sale5,622 5,703 Total$47,257 $58,001 The amortized cost and estimated fair value by maturity of securities as of March 31, 2025 are shown in the following table. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may differ from contractual maturities.  Held-to-MaturityAvailable-for-Sale(In thousands)AmortizedCostFairValueAmortizedCostFairValueOne year or less$1,940 $1,936 $4,510 $4,480 After one through five years88,294 83,044 107,184 106,936 After five through ten years381,912 337,841 193,731 182,383 After ten years2,098,454 1,569,609 1,014,687 816,920 Securities not due on a single maturity date1,048,170 937,195 1,508,611 1,380,913 Other securities (no maturity)— — 217 217 Total$3,618,770 $2,929,625 $2,828,940 $2,491,849  The carrying value, which approximates the fair value, of securities pledged as collateral, to secure public deposits and for other purposes, amounted to $2.22 billion at March