Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 198

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 198
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rual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

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The amortized cost basis of nonaccrual loans segregated by class of loans are as follows:June 30,December 31,(In thousands)20252024Consumer:  Credit cards$564 $565 Other consumer357 678 Total consumer921 1,243 Real estate:Construction and development10,048 10,681 Single family residential34,194 33,972 Other commercial77,398 28,524 Total real estate121,640 73,177 Commercial:Commercial32,792 35,161 Agricultural1,097 570 Total commercial33,889 35,731 Other3 3 Total$156,453 $110,154 As of June 30, 2025 and December 31, 2024, nonaccrual loans for which there was no related allowance for credit losses had an amortized cost of $15.3 million and $1.7 million, respectively. These loans are individually assessed and do not hold an allowance due to being adequately collateralized under the collateral-dependent valuation method.An age analysis of the amortized cost basis of past due loans, including nonaccrual loans, segregated by class of loans is as follows: (In thousands)Gross30-89 DaysPast Due90 Daysor MorePast DueTotalPast DueCurrentTotalLoans90 DaysPast Due &AccruingJune 30, 2025      Consumer:      Credit cards$1,916 $667 $2,583 $173,583 $176,166 $603 Other consumer895 182 1,077 122,754 123,831 — Total consumer2,811 849 3,660 296,337 299,997 603 Real estate:Construction and development5,258 10,000 15,258 2,769,320 2,784,578 — Single family residential18,154 18,391 36,545 2,589,172 2,625