"In the banking industry, there has been a lot of zero in c the potential loss in credit portfolios with a high concentration of construction loans," May said. Income.

LITTLE ROCK - Simmons First National Corp. on Thursday reported a 13.3 percent incline in third-quarter trellis income. "Considering the challenges in the economy, we are very contented with our emolument of $6.5 million," CEO Thomas May said in a disposed statement.

"We take up to suppose the mixed compactness of Arkansas will better weather the prevailing economic challenges because we have not, and qualified will not, experience the same highs and lows that will call into doubt much of our nation." The Pine Bluff-based bank holding gathering reported that every thirteen weeks gain interest income grew 3.3 percent to $24.3 million. Non-interest receipts was rather flat at $11.3 million.

The company's advance portfolio increased by 3.3 percent to $1.94 billion in the quarter, for the most part because of increases in corporeal capital loans, as well as creditation card and student loans. "In the banking industry, there has been a lot of hub anent the potential loss in accommodation portfolios with a high concentration of construction loans," May said.

"Our construction loans as a percent of sum up loans on-going was only 11.7 percent at Sept. 30, favorable to the trade average." The company's brooking for allowance losses was 1.32 percent of downright loans.

The annualized bring in charge-off proportion was 0.51 percent in third quarter, compared to 0.4 percent in the subsequent quarter. "Our dyed in the wool customs has enabled us to attack in banking for 105 years, and that savoir vivre is a big part of our success today," May said. Total deposits rose 5.6 percent to $2.3 billion. Shares of Simmons First National Corp. (NasdaqGS: SFNC) closed Thursday at $30.71, up $4.61 for a 17.7 percent gain.

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