RED RIVER BANCSHARES INC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Glossary of Terms
Unless the context indicates otherwise, references in this filing to “we,” “our,” “us,” “the Company,” and “our company” refer to Red River Bancshares, Inc., a Louisiana corporation and bank holding company, and its consolidated subsidiaries. All references in this Report to “Red River Bank,” “the bank,” and “the Bank” refer to Red River Bank, our wholly owned bank subsidiary.
Other abbreviations or acronyms used in this Report are defined below.
| ABBREVIATION OR ACRONYM | DEFINITION |
|---|---|
| 2008 Plan | 2008 Equity Incentive Plan |
| 2018 Plan | 2018 Equity Incentive Plan |
| 401(k) Plan | Red River Bank 401(k) Profit Sharing Plan |
| ACL | Allowance for credit losses |
| AFS | Available-for-sale |
| ALL | Allowance for loan losses |
| AOCI | Accumulated other comprehensive income or loss |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Basel III | Basel Committee’s 2010 Regulatory Capital Framework (Third Accord) |
| BHCA | The Bank Holding Company Act of 1956, as amended |
| BOLI | Bank-owned life insurance |
| bp(s) | Basis point(s) |
| CBLR | Community bank leverage ratio |
| CCB | Capital conservation buffer |
| CECL | Current Expected Credit Losses, related to ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments |
| CFPB | Consumer Financial Protection Bureau |
| CRA | Community Reinvestment Act |
| Director Compensation Program | Amended and Restated Director Compensation Program, which allows directors of the Company and the Bank an opportunity to select how to receive their annual director fees. |
| Dodd-Frank Act | Dodd-Frank and Wall Street Consumer Protection Act of 2010 |
| Economic Aid Act | Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act |
| Economic Growth Act | Economic Growth, Regulatory Relief, and Consumer Protection Act |
| EPS | Earnings per share |
| ERM | Enterprise risk management |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| FDIA | Federal Deposit Insurance Act |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FFIEC | Federal Financial Institutions Examination Council |
| FHA | United States Federal Housing Administration |
| FHLB(s) | Federal Home Loan Bank(s) |
| FOMC | Federal Open Market Committee |
| FTE | Fully taxable equivalent basis |
| GAAP | Generally Accepted Accounting Principles in the United States of America |
| HFI | Held for investment |
| HFS | Held for sale |
| HTM | Held-to-maturity |
| ABBREVIATION OR ACRONYM | DEFINITION |
|---|---|
| ISO | Information Security Officer |
| IT | Information technology |
| JOBS Act | Jumpstart Our Business Startups Act of 2012 |
| LBCA | Louisiana Business Corporation Act |
| LIBOR | London Interbank Offered Rate |
| LDPO | Loan and deposit production office |
| MSA | Metropolitan statistical area |
| NAICS | North American Industry Classification System, which is an industry classification system used to categorize loans by the borrower’s type of business. |
| NOW | Negotiable order of withdrawal |
| NPA(s) | Nonperforming asset(s) |
| OFAC | Office of Foreign Assets Control |
| OFI | Louisiana Office of Financial Institutions |
| OREO | Other real estate owned |
| OTC | Operations and Technology Committee |
| OTTI | Other-than-temporary impairment |
| Policy Statement | Federal Reserve’s Small Bank Holding Company Policy Statement |
| PPP | Paycheck Protection Program |
| RESPA | Real Estate Procedures Act of 1974 |
| SBA | Small Business Administration |
| SBIC | Small Business Investment Company |
| Securities Act | Securities Act of 1933, as amended |
| SEC | Securities and Exchange Commission |
| TDR(s) | Troubled debt restructuring(s) |
| TILA | Truth in Lending Act |
| TMSOs | Treasury Management Sales Officers |
| VA | United States Department of Veterans Affairs |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.