Business First Bancshares Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
BFST$32.79+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Cash and Due from Banks | $226,110 | $152,740 |
| Federal Funds Sold | 151,134 | 15,606 |
| Securities Available for Sale, at Fair Values (Amortized Cost of $963,978 at December 31, 2023 and $985,599 at December 31, 2022) | 879,571 | 890,751 |
| Mortgage Loans Held for Sale | 835 | 304 |
| Loans and Lease Receivable, Net of Allowance for Loan Losses of $40,414 and $38,178 at December 31, 2023 and 2022, respectively | 4,952,371 | 4,567,998 |
| Premises and Equipment, Net | 69,480 | 63,177 |
| Accrued Interest Receivable | 29,916 | 25,666 |
| Other Equity Securities | 33,942 | 37,467 |
| Other Real Estate Owned | 1,685 | 1,372 |
| Cash Value of Life Insurance | 96,478 | 91,958 |
| Deferred Taxes | 27,323 | 31,194 |
| Goodwill | 88,391 | 88,543 |
| Core Deposit and Customer Intangible | 11,895 | 14,042 |
| Other Assets | 15,419 | 9,642 |
| Total Assets | $6,584,550 | $5,990,460 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest Bearing | $1,299,090 | $1,549,381 |
| Interest Bearing | 3,949,700 | 3,270,964 |
| Total Deposits | 5,248,790 | 4,820,345 |
| Federal Funds Purchased | - | 14,057 |
| Securities Sold Under Agreements to Repurchase | 18,885 | 20,208 |
| Bank Term Funding Program | 300,000 | - |
| Federal Home Loan Bank Borrowings | 211,198 | 410,100 |
| Subordinated Debt | 99,990 | 110,749 |
| Subordinated Debt - Trust Preferred Securities | 5,000 | 5,000 |
| Accrued Interest Payable | 14,841 | 2,092 |
| Other Liabilities | 41,587 | 27,428 |
| Total Liabilities | 5,940,291 | 5,409,979 |
| Commitments and Contingencies (See Notes 19 and 22) | ||
| SHAREHOLDERS' EQUITY | ||
| Preferred Stock, No Par Value; 5,000,000 Shares Authorized; 72,010 Shares ($1,000 Liquidation Preference) Issued and Outstanding at both December 31, 2023 and 2022 | 71,930 | 71,930 |
| Common Stock, $1 Par Value; 50,000,000 Shares Authorized; 25,351,809 and 25,110,313 Shares Issued and Outstanding at December 31, 2023 and 2022, respectively | 25,352 | 25,110 |
| Additional Paid-in Capital | 397,447 | 393,690 |
| Retained Earnings | 216,115 | 163,955 |
| Accumulated Other Comprehensive Loss | (66,585) | (74,204) |
| Total Shareholders' Equity | 644,259 | 580,481 |
| Total Liabilities and Shareholders' Equity | $6,584,550 | $5,990,460 |
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