$RRBI

RED RIVER BANCSHARES INC

CIK:0001071236|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 32,234	$ 29,500	$ 63,779	$ 57,771
Interest on securities	5,778	5,148	11,622	10,003
Interest on deposits in other banks	1,294	2,063	3,031	4,724
Dividends on stock	17	19	36	40
Total Interest and Dividend Income	39,323	36,730	78,468	72,538
INTEREST EXPENSE
Interest on deposits	10,356	10,911	21,097	22,109
Total Interest Expense	10,356	10,911	21,097	22,109
Net Interest Income	28,967	25,819	57,371	50,429
Provision for credit losses	750	450	1,500	900
Net Interest Income After Provision for Credit Losses	28,217	25,369	55,871	49,529
NONINTEREST INCOME
Service charges on deposit accounts	1,388	1,337	2,783	2,719
Debit card income, net	1,067	1,081	1,983	2,074
Mortgage loan income	928	567	1,533	1,097
Brokerage income	874	989	1,812	2,314
Loan and deposit income	521	418	1,019	877
Bank-owned life insurance income	236	224	457	437
Gain (Loss) on equity securities	(13)	9	(31)	53
Gain (Loss) on sale and call of securities	(22)	0	(22)	0
SBIC income (loss)	(291)	47	(395)	327
Other income (loss)	50	46	132	92
Total Noninterest Income	4,738	4,718	9,271	9,990
OPERATING EXPENSES
Personnel expenses	10,711	10,216	21,228	20,239
Occupancy and equipment expenses	1,935	1,753	3,819	3,548
Technology expenses	955	821	1,818	1,655
Advertising	324	286	652	619
Other business development expenses	641	455	1,190	1,013
Data processing expense	758	721	1,135	1,009
Other taxes	553	609	1,113	1,221
Loan and deposit expenses	242	398	345	460
Legal and professional expenses	604	612	1,133	1,244
Regulatory assessment expenses	409	388	825	779
Other operating expenses	1,154	1,108	2,278	2,168
Total Operating Expenses	18,286	17,367	35,536	33,955
Income Before Income Tax Expense	14,669	12,720	29,606	25,564
Income tax expense	2,906	2,524	5,872	5,016
Net Income	$ 11,763	$ 10,196	$ 23,734	$ 20,548
EARNINGS PER SHARE
Basic (in dollars per share)	$ 1.79	$ 1.51	$ 3.61	$ 3.04
Diluted (in dollars per share)	$ 1.78	$ 1.51	$ 3.59	$ 3.03

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 23,734	$ 20,548
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,413	1,344
Amortization	457	385
Share-based compensation earned	256	215
Share-based board compensation earned	27	35
Net (accretion) amortization on securities AFS	528	543
Net (accretion) amortization on securities HTM	(602)	(642)
(Gain) Loss on sale and call of securities	22	0
(Gain) Loss on equity securities	31	(53)
(Gain) Loss on other real estate and foreclosed assets	41	40
(Gain) Loss on disposal of premises and equipment	(30)	(12)
Provision for credit losses	1,500	900
Deferred income tax (benefit) expense	(770)	(824)
Net (increase) decrease in loans HFS	636	(2,164)
Net (increase) decrease in accrued interest receivable	814	21
Net (increase) decrease in BOLI	(457)	(437)
Net increase (decrease) in accrued interest payable	221	(1,341)
Net increase (decrease) in accrued income taxes payable	(288)	(511)
Other operating activities, net	1,665	(337)
Net cash provided by (used in) operating activities	29,198	17,710
Activity in securities AFS:
Sales	2,019	0
Maturities, principal repayments, and calls	61,999	53,245
Purchases	(36,595)	(68,470)
Activity in securities HTM:
Maturities, principal repayments, and calls	4,865	5,133
Capital contribution in partnerships	(399)	(50)
Return of capital in partnerships	450	476
Net (increase) decrease in loans HFI	(15,658)	(64,463)
Proceeds from sales of foreclosed assets	9	270
Proceeds from sales of premises and equipment	865	12
Insurance proceeds from premises and equipment	30	0
Purchases of premises and equipment	(3,144)	(525)
Net cash provided by (used in) investing activities	14,441	(74,372)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	(58,345)	5,499
Repurchase of common stock, excluding excise tax	0	(5,756)
Cash dividends	(3,290)	(1,614)
Net cash provided by (used in) financing activities	(61,635)	(1,871)
Net change in cash and cash equivalents	(17,996)	(58,533)
Cash and cash equivalents - beginning of period	213,392	268,975
Cash and cash equivalents - end of period	195,396	210,442
Cash paid during the period for:
Interest	20,876	23,450
Federal income taxes	6,925	6,350
State income taxes	15	12
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	$ 219	$ 487

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and due from banks	$ 33,327	$ 25,685
Interest-bearing deposits in other banks	162,069	187,707
Total Cash and Cash Equivalents	195,396	213,392
Securities available-for-sale, at fair value (amortized cost of $662,512 and $690,485, respectively)	617,016	647,310
Securities held-to-maturity, at amortized cost (fair value of $99,157 and $104,371, respectively)	118,356	122,619
Equity securities, at fair value	3,000	3,031
Nonmarketable equity securities	2,442	2,407
Loans held for sale	2,512	3,148
Loans held for investment	2,263,980	2,248,669
Allowance for credit losses	(24,771)	(23,399)
Loans held for investment, net	2,239,209	2,225,270
Premises and equipment, net	60,136	59,270
Accrued interest receivable	10,317	11,131
Bank-owned life insurance	31,724	31,267
Intangible assets	1,546	1,546
Right-of-use assets	1,326	1,487
Other assets	28,345	29,032
Total Assets	3,311,325	3,350,910
LIABILITIES
Noninterest-bearing deposits	910,457	913,868
Interest-bearing deposits	1,994,610	2,049,544
Total Deposits	2,905,067	2,963,412
Accrued interest payable	6,349	6,128
Lease liabilities	1,383	1,544
Accrued expenses and other liabilities	13,975	14,676
Total Liabilities	2,926,774	2,985,760
COMMITMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS’ EQUITY
Preferred stock, no par value: Authorized - $1,000,000 shares; None Issued and Outstanding	0	0
Common stock, no par value: Authorized - $30,000,000 shares; Issued and Outstanding - $6,584,696 and $6,576,609 shares, respectively	27,591	27,543
Additional paid-in capital	3,473	3,217
Retained earnings	398,175	377,731
Accumulated other comprehensive income (loss)	(44,688)	(43,341)
Total Stockholders’ Equity	384,551	365,150
Total Liabilities and Stockholders’ Equity	$ 3,311,325	$ 3,350,910