Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 61

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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686,917)$2,949,951 Mortgage-backed securities (“MBS”) are commercial MBS, secured by commercial properties, and residential MBS, generally secured by single-family residential properties. All mortgage-backed securities included in the table above were issued by U.S. government agencies or corporations. As of June 30, 2025, HTM MBS consisted of $132.5 million and $891.8 million of commercial MBS and residential MBS, respectively. As of December 31, 2024, HTM MBS consisted of $136.0 million and $934.1 million of commercial MBS and residential MBS, respectively.

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The amortized cost, fair value and allowance for credit losses of investment securities that are classified as AFS are as follows:(In thousands)AmortizedCostAllowance for Credit LossesGross UnrealizedGainsGross Unrealized(Losses)Estimated FairValueAvailable-for-saleJune 30, 2025U.S. Treasury$400 $— $— $— $400 U.S. Government agencies50,204 — 7 (713)49,498 Mortgage-backed securities1,464,212 — 195 (114,416)1,349,991 State and political subdivisions1,042,284 — 31 (234,473)807,842 Other securities207,536 — 101 (10,048)197,589 Total AFS$2,764,636 $— $334 $(359,650)$2,405,320 December 31, 2024U.S. Treasury$999 $— $— $(3)$996 U.S. Government agencies55,589 — 5 (1,047)54,547 Mortgage-backed securities1,545,539 — 4 (152,784)1,392,759 State and political subdivisions1,015,619 — 132 (157,569)858,182 Other securities235,028 — 166 (12,252)222,942 Total AFS$2,852,774 $— $307 $(323,655)$2,529,426 As of June 30, 2025, AFS MBS consisted of $504.2 million and $845.8 million of commercial MBS