GLOSSARY OF TERMS
Unless the context indicates otherwise, references in this filing to “we,” “our,” “us,” “the Company,” and “our company” refer to Red River Bancshares, Inc., a Louisiana corporation and bank holding company, and its consolidated subsidiaries. All references in this report to “Red River Bank,” the “bank,” and the “Bank” refer to Red River Bank, our wholly owned bank subsidiary.
Other abbreviations or acronyms used in this report are defined below.
ABBREVIATION OR ACRONYM
DEFINITION
2018 2-for-1 stock split
A stock split that was accomplished by a stock dividend with a record date of October 1, 2018, whereby each holder of the Company's common stock received one additional share of common stock for each share owned as of such date.
ACH
Automated clearing house
AFS
Available-for-sale
AOCI
Accumulated other comprehensive income or loss
ASC
Accounting Standards Codification
ASU
Accounting Standards Update
Basel III
Basel Committee's 2010 Regulatory Capital Framework (Third Accord)
BOLI
Bank-owned life insurance
bp(s)
Basis point(s)
CBLR
Community bank leverage ratio
CCB
Capital conservation buffer
CECL
Current Expected Credit Losses, related to ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
CFPB
Consumer Financial Protection Bureau
CRA
Community Reinvestment Act
Director Compensation Program
Compensation program which allows directors of the Company and the Bank an opportunity to select how to receive their annual director fees.
Dodd-Frank Act
Dodd-Frank and Wall Street Consumer Protection Act of 2010
Economic Growth Act
Economic Growth, Regulatory Relief, and Consumer Protection Act
EPS
Earnings per share
Exchange Act
Securities Exchange Act of 1934, as amended
FASB
Financial Accounting Standards Board
FBT CT I
FBT Capital Trust I, a Delaware statutory trust
FDIA
Federal Deposit Insurance Act
FDIC
Federal Deposit Insurance Corporation
Federal Reserve
Board of Governors of the Federal Reserve System
FHA
United States Federal Housing Administration
FHLB
Federal Home Loan Bank of Dallas
FTE
Fully taxable equivalent basis
GAAP
Generally Accepted Accounting Principles in the United States of America
HFI
Held for investment
HFS
Held for sale
HTM
Held-to-maturity
IPO
Initial public offering
JOBS Act
Jumpstart Our Business Startups Act of 2012
LIBOR
London Interbank Offered Rate
LPO
Loan production office
MSA
Metropolitan statistical area
NOW
Negotiable order of withdrawal
ABBREVIATION OR ACRONYM
DEFINITION
NPA(s)
Nonperforming asset(s)
OFAC
Office of Foreign Assets Control
OFI
Office of Financial Institutions
OREO
Other real estate owned
OTTI
Other-than-temporary impairment
SBIC
Small Business Investment Company
Securities Act
Securities Act of 1933, as amended
SEC
Securities and Exchange Commission
Source BIDCO
Source Business and Industrial Development Company, LLC
Tax Reform Act
Tax Cuts and Jobs Act of 2017
TDR(s)
Troubled debt restructuring(s)
Trust II
Red River Statutory Trust II, a Connecticut statutory trust
Trust III
Red River Statutory Trust III, a Delaware statutory trust
USD
United States dollar
VA
United States Department of Veterans Affairs
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K contains forward-looking statements, which reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would,” and “outlook,” or the negative version of those words, or such other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements.
There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the following: