Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 281

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 281
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11% for the first nine months of 2025, compared to 2.93% during the full year 2024, and 120 basis points better than the most recently published industry average charge-off ratio as reported by the Federal Reserve for all banks.

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Table 9 presents information concerning nonperforming assets, including nonaccrual loans at amortized cost and foreclosed assets held for sale. 

Table 9: Nonperforming Assets 

September 30,December 31,September 30,(Dollars in thousands)202520242024Nonaccrual loans (1)$153,516 $110,154 $100,865 Loans past due 90 days or more (principal or interest payments)423 603 830 Total nonperforming loans153,939 110,757 101,695 Other nonperforming assets:Foreclosed assets held for sale and other real estate owned6,386 9,270 1,299 Other nonperforming assets392 1,202 1,311 Total other nonperforming assets6,778 10,472 2,610 Total nonperforming assets$160,717 $121,229 $104,305 Allowance for credit losses to nonperforming loans168 %212 %229 %Nonperforming loans to total loans0.90 %0.65 %0.59 %Nonperforming assets to total assets0.66 %0.45 %0.38 %

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(1)Includes nonaccrual FDMs of approximately $28.2 million and $597,000 at September 30, 2025 and December 31, 2024, respectively.

The interest income on nonaccrual loans is not considered material for the three and nine month periods ended September 30, 2025 and 2024. 

ALLOWANCE FOR CREDIT LOSSES

The allowance for credit losses is a reserve established through a provision for credit losses charged to expense which represents management’s best estimate of lifetime expected losses based on reasonable and supportable forecasts, quantitative factors, and other qualitative considerations.

Loans with similar risk characteristics such as loan type, collateral type, and internal risk ratings are aggregated for collective assessment. We use statistically-based models that leverage assumptions about current and future economic conditions throughout the contractual life of the loan. Expected credit losses are estimated by either lifetime loss rates