Simmons Bank

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Deposit Rates - August 8, 2022

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.20% $10,000 Compare
6 Mo CD
0.30% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.10% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3890
Date Established 1903
Assets $ 24.43 billion
Loans $ 11.87 billion
Deposits $ 19.57 billion
Capital $ 3.13 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 1,684.42 million
Interest-bearing balances $ 1,488.92 million
Total securities $ 8.20 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 11.87 billion
Loan loss allowance $ 178.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.76 million
Goodwill and other intangibles $ 1,249.62 million
All other assets $ 980.04 million
     Total Assets $ 21.31 billion

LIABILITIES
Total deposits $ 19.57 billion
      Interest-bearing deposits $ 14.17 billion
      Deposits held in domestic offices $ 19.57 billion
      % insured (estimated) 66.05%
Federal funds purchased and repurchase agreements $ 196.83 million
Trading liabilities N.A.
Other borrowed funds $ 1,368.75 million
Subordinated debt N.A.
All other liabilities $ 166.98 millionn
      Total Liabilities $ 21.31 billion
      Shareholders’ Equity $ 3.13 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 161.70 million
Total Interest Expense $ 11.49 million
Net interest income $ 150.21 million
Provision for loan and lease losses N.A.
Total non interest income $ 47.11 million
Total non interest expense $ 127.59 million
Pre-tax Net Operating Income $ 89.64 million

Simmons Bank is an FDIC insured institution headquartered at 501 S Main St, Pine Bluff, AR 71601.
It was founded in 1903 and has approximately $24 billion in assets. Customers can open an account at one of its 192 branches.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    ARKANSAS
    $50,000
    6 Month
    0.20%
    0.74x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.65%
    4.03x (National Avg. - 0.41%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.65%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 825 578
    2 50,825 839 587
    3 51,664 852 597
    4 52,516 867 607
    5 53,383 881 617
    6 54,263 895 627
    7 55,159 910 637
    8 56,069 925 648
    9 56,994 940 658
    10 57,934 956 669
    11 58,890 972 680
    12 59,862 988 691
    13 60,850 1,004 703
    14 61,854 1,021 714
    15 62,874 1,037 726
    16 63,912 1,055 738
    17 64,966 1,072 750
    18 66,038 1,090 763
    19 67,128 1,108 775
    20 68,235 1,126 788
    TOTAL $19,361 $13,553
  • 3
    LOCAL CD
    Bank
    -
    $50,000
    24 Month
    2.76%
    5.16x (National Avg. - 0.54%)
    $500
    -
    SCENARIO
    Year Rate
    2.76%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,380 966
    2 51,380 1,418 993
    3 52,798 1,457 1,020
    4 54,255 1,497 1,048
    5 55,753 1,539 1,077
    6 57,292 1,581 1,107
    7 58,873 1,625 1,137
    8 60,498 1,670 1,169
    9 62,167 1,716 1,201
    10 63,883 1,763 1,234
    11 65,646 1,812 1,268
    12 67,458 1,862 1,303
    13 69,320 1,913 1,339
    14 71,233 1,966 1,376
    15 73,199 2,020 1,414
    16 75,220 2,076 1,453
    17 77,296 2,133 1,493
    18 79,429 2,192 1,535
    19 81,621 2,253 1,577
    20 83,874 2,315 1,620
    TOTAL $36,189 $25,332
  • 4
    LOCAL CD
    Bank
    -
    $50,000
    36 Month
    3.06%
    4.84x (National Avg. - 0.63%)
    $500
    -
    SCENARIO
    Year Rate
    3.06%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,530 1,071
    2 51,530 1,577 1,104
    3 53,107 1,625 1,138
    4 54,732 1,675 1,172
    5 56,407 1,726 1,208
    6 58,133 1,779 1,245
    7 59,912 1,833 1,283
    8 61,745 1,889 1,323
    9 63,634 1,947 1,363
    10 65,581 2,007 1,405
    11 67,588 2,068 1,448
    12 69,656 2,131 1,492
    13 71,788 2,197 1,538
    14 73,985 2,264 1,585
    15 76,249 2,333 1,633
    16 78,582 2,405 1,683
    17 80,986 2,478 1,735
    18 83,465 2,554 1,788
    19 86,019 2,632 1,843
    20 88,651 2,713 1,899
    TOTAL $41,364 $28,954
  • 5
    LOCAL CD
    Bank
    -
    $50,000
    12 Month
    2.51%
    6.14x (National Avg. - 0.41%)
    $500
    -
    SCENARIO
    Year Rate
    2.51%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,255 879
    2 51,255 1,287 901
    3 52,542 1,319 923
    4 53,860 1,352 946
    5 55,212 1,386 970
    6 56,598 1,421 994
    7 58,019 1,456 1,019
    8 59,475 1,493 1,045
    9 60,968 1,530 1,071
    10 62,498 1,569 1,098
    11 64,067 1,608 1,126
    12 65,675 1,648 1,154
    13 67,323 1,690 1,183
    14 69,013 1,732 1,213
    15 70,745 1,776 1,243
    16 72,521 1,820 1,274
    17 74,341 1,866 1,306
    18 76,207 1,913 1,339
    19 78,120 1,961 1,373
    20 80,081 2,010 1,407
    TOTAL $32,091 $22,464