RED RIVER BANCSHARES INCRRBI

RED RIVER BANCSHARES INC Segments Disclosure

10-KFiled Mar 14, 20252 min read
Segment Reporting
The Company is engaged primarily in providing a fully integrated suite of banking products and services consistently across all of its markets. The Company has identified the Executive Management Committee of the Bank as the Company’s CODM. The Executive Management Committee of the Bank is comprised of the Chief Executive Officer, Chief Financial Officer, Chief Banking Officer, Chief Operating Officer, Chief Credit Policy Officer, General Counsel, and several division heads that report directly to the Chief Executive Officer. The CODM assesses performance and decides how to allocate resources based on net income as reported in the accompanying consolidated statements of income. While the CODM monitors the revenue streams of the various banking products, services, and markets, banking operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment. The Company’s banking operations accounting policies are the same as those described in “Note 1. Significant Accounting Policies.” Segment assets are reported in the accompanying consolidated balance sheets in total assets.
The CODM uses net income and assets in deciding whether to reinvest profits into banking products, services, and markets or into other Company priorities like dividends, share repurchases, or acquisitions. Actual net income and assets are compared to budgeted metrics to assist in operating and financial decisions and future activities.
Financial results for the banking operations segment are presented in the table below:
As of and for the Years Ended December 31,
(in thousands)202420232022
Interest and dividend income$137,230 $118,568 $94,375 
Interest expense47,936 32,130 7,736 
Provision for credit losses1,200 735 1,750 
Noninterest income20,441 21,114 18,747 
Depreciation and amortization3,219 2,746 2,609 
Other operating expenses62,935 61,127 56,046 
Income before income tax expense42,381 42,944 44,981 
Income tax expense8,146 8,065 8,065 
Segment net income$34,235 $34,879 $36,916 
Adjustments and reconciling items— — — 
Consolidated net income$34,235 $34,879 $36,916 
Total Assets$3,149,594 $3,128,810 $3,082,686 
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About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

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