RED RIVER BANCSHARES INC
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 8, 2024
RRBI$104.77-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| For the Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $24,929 | $26,587 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation | 1,846 | 1,618 |
| Amortization | 482 | 410 |
| Share-based compensation earned | 275 | 239 |
| Share-based board compensation earned | 51 | 30 |
| Net (accretion) amortization on securities AFS | 909 | 1,234 |
| Net (accretion) amortization on securities HTM | (1,022) | (1,153) |
| (Gain) Loss on equity securities | (63) | 145 |
| Provision for credit losses | 900 | 485 |
| Deferred income tax (benefit) expense | 400 | (79) |
| Net (increase) decrease in loans HFS | (499) | (1,830) |
| Net (increase) decrease in accrued interest receivable | 480 | 52 |
| Net (increase) decrease in BOLI | (635) | (557) |
| Net increase (decrease) in accrued interest payable | 3,751 | 5,237 |
| Net increase (decrease) in accrued income taxes payable | 216 | (656) |
| Other operating activities, net | 2,196 | 257 |
| Net cash provided by (used in) operating activities | 34,216 | 32,019 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Activity in securities AFS: | ||
| Maturities, principal repayments, and calls | 109,137 | 109,521 |
| Purchases | (87,796) | (34,581) |
| Activity in securities HTM: | ||
| Maturities, principal repayments, and calls | 8,113 | 9,416 |
| Sale of equity securities | — | 7,000 |
| Sale of nonmarketable equity securities | — | 2,178 |
| Purchase of nonmarketable equity securities | — | (792) |
| Capital contribution in partnerships | (90) | (1,819) |
| Net (increase) decrease in loans HFI | (63,609) | (32,569) |
| Proceeds from sales of foreclosed assets | 69 | — |
| Proceeds from sales of premises and equipment | 11 | 11 |
| Purchases of premises and equipment | (2,419) | (3,711) |
| Net cash provided by (used in) investing activities | (36,584) | 54,654 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase (decrease) in deposits | (54,763) | (39,043) |
| Proceeds from other borrowed funds | — | 60,000 |
| Repayments of other borrowed funds | — | (60,000) |
| Repurchase of common stock | (13,775) | (2,103) |
| Cash dividends | (1,873) | (1,720) |
| Net cash provided by (used in) financing activities | (70,411) | (42,866) |
| Net change in cash and cash equivalents | (72,779) | 43,807 |
| Cash and cash equivalents - beginning of period | 305,426 | 278,392 |
| Cash and cash equivalents - end of period | $232,647 | $322,199 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| For the Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| SUPPLEMENTAL DISCLOSURES | ||
| Cash paid during the period for: | ||
| Interest | $32,242 | $16,146 |
| Income taxes | $5,230 | $6,894 |
| SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Assets acquired in settlement of loans | $38 | $22 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.