Simmons First National Corporation · NASDAQ:SFNC
Simmons First National — Corporate Update (August 2020)
14 slides from Simmons First National's corporate update, Aug 31, 2020
Slide 1: Mid-Quarter Update – COVID-19 Loan Modifications
NASDAQ: SFNC August 31, 2020 Mid - Quarter Update – COVID - 19 Loan Modifications
Slide 2: Legal Disclaimers
Legal Disclaimers 2 Forward - Looking Statements . Certain statements by Simmons First National Corporation (the “Company”, which where appropriate includes the Company’s wholly - owned banking subsidiary, Simmons Bank) contained in this presentation may not be based on historical facts and should b
Slide 3: COVID-19 Loan Modification Program - Background
▪ Modification program implemented in mid - March 2020. ▪ Regulatory guidance formally issued April 7, with multiple updates since (on - going discussions were taking place with our Regulators prior to April 7 formal issuance). ▪ Updates communicated to bankers regularly via e - mail, weekly Divisio
Slide 4: Internal COVID-19 Status Categories
Internal COVID - 19 Status Categories COVID - 19 Status Category Balance Number of Loans % of Balance % of Loans Past Due Balance Past Due % Category 1 $ 148 , 422 , 8 3 8 827 4.65% 20.16% $ 142 , 744 0 . 10% Category 2 $ 937 , 121 , 1 7 2 1 , 312 29.35% 31.98% $ 5 , 905 , 781 0 . 63% Category 3 - A
Slide 5: COVID-19 Summary - Division: Arkansas Community and Central Arkansas
Arkansas Community Division ▪ 14.76% of portfolio has received a COVID - 19 Mod ▪ Average COVID - 19 Status Category is 2.46 ▪ Loans receiving COVID - 19 Mod, which are now past due total $884,000, or 0.05% of total portfolio ▪ Of 769 COVID - 19 Mods, 41% are back on regular payments As of 8/18/20 C
Slide 6: COVID-19 Summary - Division: Tennessee and Missouri
Tennessee Division ▪ 25.07% of portfolio has received a COVID - 19 Mod ▪ Average COVID - 19 Status Category is 2.22 ▪ Loans receiving COVID - 19 Mod, which are now past due total $18.5 million, or 1.13% of total portfolio ▪ Of 701 COVID - 19 Mods, 76% are back on regular payments As of 8/18/20 COVID
Slide 7: COVID-19 Summary - Division: Texas and Western
Texas Division ▪ 27.62% of portfolio has received a COVID - 19 Mod ▪ Average COVID - 19 Status Category is 2.68 ▪ Loans receiving COVID - 19 Mod, which are now past due total $28.5 million, or 0.77% of total portfolio ▪ Of 527 COVID - 19 Mods, 59% are back on regular payments As of 8/18/20 COVID - 1
Slide 8: COVID-19 Summary - Select Industries: Hotel and Restaurant
Hotel ▪ 67.32% of portfolio has received a COVID - 19 Mod ▪ Average COVID - 19 Status Category is 3.28 ▪ Loans receiving COVID - 19 Mod, which are now past due total $71.1 million, or 7% of total portfolio ▪ Of 142 COVID - 19 Mods, 54% are back on regular payments As of 8/18/20 COVID - 19 Summary -
Slide 9: COVID-19 Summary - Select Industries: Retail and Healthcare
Retail ▪ 46.91% of portfolio has received a COVID - 19 Mod ▪ Average COVID - 19 Status Category is 2.67 ▪ Loans receiving COVID - 19 Mod, which are now past due total $2.1 million, or 0.15% of total portfolio ▪ Of 370 COVID - 19 Mods, 61% are back on regular payments As of 8/18/20 COVID - 19 Summary
Slide 10: Future Focus on COVID-19 Status Categories through 7
COVID - 19 Commercial Loan Modifications 10 Future Focus on COVID - 19 Status Categories 4 through 7
Slide 11: Future Focus on COVID-19 Status Categories 4 through 7
N u m be r of Loans Balance % of T o t al Balance as a % of Total Loan Portfolio Category 4 194 $ 468,611,997 78.1% 3.2% Category 5 62 125,246,216 20.9% 0.9% Category 6 6 5,696,002 1.0% 0.0% Category 7 2 260,386 0.0% 0.0% Total Category 4 - 7 264 $ 599,814,601 100.0% 4.3% 11 Future Focus on COVID -
Slide 12: NAICS Code for Category 4 through 7
NAICS Code Status C a te g o ry # of L oans Balance 111110 - Soybean Farming 5 1 $ 720,509 213112 - Support Activities for Oil and Gas Operations 4 1 26,350 236118 - Residential Remodelers 4 3 845,326 236118 - Residential Remodelers 7 1 130,923 237990 - Other Heavy and Civil Engineering Construction
Slide 13: NAICS Code for Category 4 through 7
NAICS Code Status C a te g o ry # of L oans Balance 531190 - Lessors of Other Real Estate Property 4 5 $ 601,0 9 0 531190 - Lessors of Other Real Estate Property 5 1 1,971,135 531210 - Offices of Real Estate Agents and Brokers 5 1 40,463 531311 - Residential Property Managers 4 2 309,952 531390 - Ot
Slide 14: NAICS Code for Category 4 through 7
NAICS Code Status C a te g o ry # of L oans Balance 722513 - Limited - Service Restaurants 4 1 $ 185,322 722513 - Limited - Service Restaurants 5 1 153,389 722515 - Snack and Nonalcoholic Beverage Bars 5 1 23,621 811121 - Automotive Body, Paint, and Interior Repair and Maintenance 4 1 145,600 812111
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