RED RIVER BANCSHARES INC

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 9, 2024

RRBI$104.77-0.4%Stored close · as of Nov 10, 2026

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Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(in thousands, except per share data)	2024	2023	2024	2023
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$26,882	$22,851	$52,775	$44,616
Interest on securities	4,068	3,665	8,132	7,231
Interest on federal funds sold	—	251	—	886
Interest on deposits in other banks	2,709	1,671	5,748	3,409
Dividends on stock	22	33	44	61
Total Interest and Dividend Income	33,681	28,471	66,699	56,203
INTEREST EXPENSE
Interest on deposits	11,894	6,933	23,549	11,756
Interest on other borrowed funds	—	28	—	28
Total Interest Expense	11,894	6,961	23,549	11,784
Net Interest Income	21,787	21,510	43,150	44,419
Provision for credit losses	300	300	600	300
Net Interest Income After Provision for Credit Losses	21,487	21,210	42,550	44,119
NONINTEREST INCOME
Service charges on deposit accounts	1,367	1,435	2,735	2,828
Debit card income, net	949	924	1,971	1,858
Mortgage loan income	650	645	1,106	920
Brokerage income	893	923	1,880	1,730
Loan and deposit income	492	517	984	995
Bank-owned life insurance income	216	188	418	366
Gain (Loss) on equity securities	(13)	(64)	(44)	(32)
SBIC income	454	1,380	806	1,559
Other income (loss)	90	59	170	123
Total Noninterest Income	5,098	6,007	10,026	10,347
OPERATING EXPENSES
Personnel expenses	9,603	9,547	19,154	18,547
Occupancy and equipment expenses	1,698	1,554	3,314	3,271
Technology expenses	724	642	1,433	1,390
Advertising	408	343	745	624
Other business development expenses	593	494	1,068	930
Data processing expense	651	638	998	1,038
Other taxes	500	693	1,237	1,378
Loan and deposit expenses	309	284	267	489
Legal and professional expenses	729	580	1,347	1,097
Regulatory assessment expenses	401	397	805	804
Other operating expenses	1,073	960	2,194	2,052
Total Operating Expenses	16,689	16,132	32,562	31,620
Income Before Income Tax Expense	9,896	11,085	20,014	22,846
Income tax expense	1,909	2,117	3,839	4,280
Net Income	$7,987	$8,968	$16,175	$18,566
EARNINGS PER SHARE
Basic	$1.16	$1.25	$2.32	$2.59
Diluted	$1.16	$1.25	$2.31	$2.58

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