Investar Holding Corp
For the period ended Sep 30, 2024. Filed Nov 7, 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 7, 2024
ISTR$28.22+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Part I. Financial Information | ||
|---|---|---|
| Item 1. | Financial Statements (Unaudited) | 4 |
| Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 | 4 | |
| Consolidated Statements of Income for the three and nine months ended September 30, 2024 and 2023 | 5 | |
| Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2024 and 2023 | 6 | |
| Consolidated Statements of Changes in Stockholders’ Equity for the three and nine months ended September 30, 2024 and 2023 | 7 | |
| Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 | 8 | |
| Notes to the Consolidated Financial Statements | 10 | |
| Note 1. Summary of Significant Accounting Policies | 10 | |
| Note 2. Earnings Per Share | 11 | |
| Note 3. Investment Securities | 12 | |
| Note 4. Loans and Allowance for Credit Losses | 15 | |
| Note 5. Borrowings Under Bank Term Funding Program | 24 | |
| Note 6. Stockholders’ Equity | 24 | |
| Note 7. Stock-Based Compensation | 25 | |
| Note 8. Derivative Financial Instruments | 27 | |
| Note 9. Fair Values of Financial Instruments | 28 | |
| Note 10. Income Taxes | 32 | |
| Note 11. Commitments and Contingencies | 32 | |
| Note 12. Leases | 33 | |
| Note 13. Subsequent Events | 33 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 34 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 57 |
| Item 4. | Controls and Procedures | 57 |
| Part II. Other Information | ||
| Item 1A. | Risk Factors | 58 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 58 |
| Item 6. | Exhibits | 60 |
| Signatures | 61 | |
GLOSSARY OF DEFINED TERMS
Below is a listing of certain acronyms, abbreviations and defined terms, among others, used throughout this Quarterly Report on Form 10-Q.
| AFS | – | Available For Sale |
|---|---|---|
| ALCO | – | Asset/Liability Committee |
| Annual Report | – | Investar Holding Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 7, 2024 |
| ASC | – | Accounting Standards Codification |
| ASU | – | Accounting Standards Update |
| ATM | – | Automated Teller Machine |
| Bank | – | Investar Bank, National Association |
| BOLI | – | Bank Owned Life Insurance |
| BTFP | – | Bank Term Funding Program |
| CECL | – | Current Expected Credit Loss |
| Company | – | Investar Holding Corporation and its wholly-owned subsidiary the Bank (also, “we,” “our,” or “us”) |
| FASB | – | Financial Accounting Standards Board |
| FDIC | – | Federal Deposit Insurance Corporation |
| FHLB | – | Federal Home Loan Bank |
| FRB | – | Federal Reserve Bank of Atlanta |
| GAAP | – | U.S. Generally Accepted Accounting Principles |
| HTM | – | Held To Maturity |
| ITM | – | Interactive Teller Machine |
| ROU | – | Right-Of-Use |
| RSU | – | Restricted Stock Unit |
| SBIC | – | Small Business Investment Company |
| SEC | – | U.S. Securities and Exchange Commission |
| SOFR | – | Secured Overnight Financing Rate |
| U.S. | – | United States |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.