Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 60

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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. Prepayments are anticipated for mortgage-backed and SBA securities. Premiums on callable securities are amortized to their earliest call date.During the quarters ended June 30, 2022 and September 30, 2021, the Company transferred, at fair value, $1.99 billion and $500.8 million, respectively, of securities from the AFS portfolio to the HTM portfolio. As of June 30, 2025, the related remaining combined net unrealized losses in accumulated other comprehensive income (loss) were $99.4 million. No gains or losses on these securities were recognized at the time of transfer. The amortized cost, fair value and allowance for credit losses of investment securities that are classified as HTM are as follows: (In thousands)Amortized CostAllowance for Credit LossesNet Carrying AmountGross UnrealizedGainsGross Unrealized(Losses)Estimated FairValueHeld-to-maturity   June 30, 2025U.S. Government agencies$457,228 $— $457,228 $— $(81,027)$376,201 Mortgage-backed securities 1,024,313 — 1,024,313 337 (103,501)921,149 State and political subdivisions1,855,816 (202)1,855,614 59 (501,614)1,354,059 Other securities257,388 (3,012)254,376 — (13,811)240,565 Total HTM$3,594,745 $(3,214)$3,591,531 $396 $(699,953)$2,891,974 December 31, 2024U.S. Government agencies$455,869 $— $455,869 $— $(95,961)$359,908 Mortgage-backed securities 1,070,032 — 1,070,032 212 (133,746)936,498 State and political subdivisions1,857,373 (196)1,857,177 20 (436,061)1,421,136 Other securities256,576 (3,018)253,558 — (21,149)232,409 Total HTM$3,639,850 $(3,214)$3,636,636 $232 $(