Attached files
file | filename |
---|---|
8-K/A - FORM 8-K/A - Investar Holding Corp | istr20210517_8ka.htm |
EX-99.4 - EXHIBIT 99.4 - Investar Holding Corp | ex_251058.htm |
EX-99.2 - EXHIBIT 99.2 - Investar Holding Corp | ex_251601.htm |
EX-23.1 - EXHIBIT 23.1 - Investar Holding Corp | ex_251056.htm |
Exhibit 99.3
CHEAHA FINANCIAL GROUP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
(Amounts in thousands)
(Unaudited)
March 31, 2021 |
|||
ASSETS |
|||
Cash and due from banks |
$ |
48,977 |
|
Interest-bearing deposits with other banks |
202 |
||
Cash and cash equivalents |
49,179 |
||
Available for sale securities at fair value | 60,378 | ||
Held to maturity securities at amortized cost |
15 |
||
Loans, net of allowance for loan losses |
120,028 |
||
Mortgage loans held for sale |
331 |
||
Bank premises and equipment, net of accumulated depreciation |
3,875 |
||
Other equity securities |
211 |
||
Accrued interest receivable |
837 |
||
Deferred tax asset |
192 |
||
Bank owned life insurance |
3,023 |
||
Other assets |
12 |
||
Total assets |
$ |
238,081 |
|
LIABILITIES |
|||
Deposits: |
|||
Noninterest-bearing |
$ |
103,988 |
|
Interest-bearing |
101,921 |
||
Total deposits |
205,909 |
||
Junior subordinated debt |
3,093 |
||
Accrued taxes and other liabilities |
1,542 |
||
Total liabilities |
210,544 |
||
STOCKHOLDERS’ EQUITY |
|||
Preferred stock |
— |
||
Common stock |
5 |
||
Surplus |
4,544 |
||
Retained earnings |
21,951 |
||
Accumulated other comprehensive income |
1,037 |
||
Total stockholders’ equity |
27,537 |
||
Total liabilities and stockholders’ equity |
$ |
238,081 |
CHEAHA FINANCIAL GROUP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF INCOME
(Amounts in thousands, except share data)
(Unaudited)
Three months ended March 31, 2021 |
|||
INTEREST INCOME |
|||
Interest and fees on loans |
$ |
2,254 |
|
Interest on investment securities |
326 |
||
Other interest income |
6 |
||
Total interest income |
2,586 |
||
INTEREST EXPENSE |
|||
Interest on deposits |
285 |
||
Interest on borrowings |
13 |
||
Total interest expense |
298 |
||
Net interest income |
2,288 |
||
Provision for loan losses |
— | ||
Net interest income after provision for loan losses |
2,288 | ||
NONINTEREST INCOME |
|||
Service charges on deposit accounts |
179 |
||
Change in the fair value of equity securities |
254 |
||
Other operating income |
92 |
||
Total noninterest income |
525 |
||
Income before noninterest expense |
2,813 |
||
NONINTEREST EXPENSE |
|||
Salaries and employee benefits |
897 |
||
Occupancy |
301 |
||
Data processing |
150 |
||
Marketing |
26 |
||
Professional fees |
459 |
||
Other operating expenses |
643 |
||
Total noninterest expense |
2,476 |
||
Income before income tax expense |
337 |
||
Income tax expense |
143 |
||
Net income |
$ |
194 |
|
Earnings per share: | |||
Basic earnings per share |
$ |
0.38 |
|
Diluted earnings per share |
0.38 | ||
Average common shares outstanding | |||
Basic |
513,332 |
||
Diluted | 513,332 |