Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 63

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 newly originated 1-4 family residential loans. Also included in the other loan portfolio are loans to public sector customers, including state and local governments.Nonaccrual and Past Due Loans – Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on nonaccrual 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.The amortized cost basis of nonaccrual loans segregated by class of loans are as follows:March 31,December 31,(In thousands)20252024Consumer:  Credit cards$576 $565 Other consumer380 678 Total consumer956 1,243 Real estate:Construction and development13,452 10,681 Single family residential32,495 33,972 Other commercial66,930 28,524 Total real estate112,877 73,177 Commercial:Commercial37,260 35,161 Agricultural801 570 Total commercial38,061 35,731 Other3 3 Total$151,897 $110,154 As of March 31, 2025 and December 31, 2024, nonaccrual loans for which there was no related allowance for credit losses had an amortized cost of $1.1 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.

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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 &AccruingMarch 31, 2025      Consumer:      Credit cards$1,628 $580 $2,208