UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38888 Red River Bancshares, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organiz ...

Financial Performance - Net income for Q3 2021 was $8.1 million, or $1.12 diluted EPS, a decrease of 1.2% from Q2 2021, but an increase of 11.7% from Q3 2020[98]. - For the nine months ended September 30, 2021, net income was $24.4 million, or $3.34 diluted EPS, a 17.0% increase from $20.9 million, or $2.84 diluted EPS in the same period of 2020[105]. - Net interest income for Q3 2021 totaled $18.1 million, a 4.7% increase from $17.3 million in Q3 2020, driven by a $621,000 decrease in interest expense[109]. - Net interest income for the nine months ended September 30, 2021, was $52,947 thousand, an increase of $2,608 thousand or 5.2% from $50,339 thousand in the same period of 2020[135]. - Noninterest income increased by $1.8 million to $18.8 million for the nine months ended September 30, 2021, compared to $17.0 million for the same period in 2020[138]. Assets and Liabilities - Total assets reached $3.02 billion as of September 30, 2021, a 14.3% increase from $2.64 billion on December 31, 2020[101]. - Total deposits increased to $2.70 billion, a 15.6% rise from $2.34 billion as of December 31, 2020[101]. - Total stockholders' equity reached $298.7 million as of September 30, 2021, an increase of $13.2 million, or 4.6%, from $285.5 million as of December 31, 2020[204]. - Cash and cash equivalents rose by $283.4 million, or 63.4%, to $730.6 million as of September 30, 2021, due to deposit growth exceeding loan growth[212]. - Total interest-bearing liabilities were $1,519,067 thousand for the nine months ended September 30, 2021, compared to $1,181,578 thousand for the same period in 2020, representing a 28.5% increase[126]. Loan Performance - Non-PPP loans held for investment were $1.58 billion, a 7.3% increase from December 31, 2020[98]. - The average balance of non-PPP loans (non-GAAP) was $1.56 billion in Q3 2021, with a yield of 3.93%[118]. - Total non-PPP loans HFI amounted to $1,576.6 million as of September 30, 2021, compared to $1,455.7 million as of September 30, 2020[199]. - Nonaccrual loans totaled $1.375 million as of September 30, 2021, down from $3.307 million as of December 31, 2020[188]. - The allowance for loan losses increased to $19.2 million, or 1.18% of loans HFI, compared to $18.0 million or 1.13% as of December 31, 2020[196]. Interest Rates and Margins - The net interest margin for Q3 2021 was 2.60%, compared to 2.54% in Q2 2021 and 3.02% in Q3 2020[98]. - The yield on loans increased by 7 bps to 4.11% for Q3 2021, attributed to a higher yield on PPP loans[113]. - The cost of deposits was 0.20% for Q3 2021, a decrease of 17 bps from 0.37% in Q3 2020, due to a 17.3% increase in average noninterest-bearing deposits[113]. - The net interest margin FTE decreased to 2.60% in Q3 2021, down 42 bps from 3.02% in Q3 2020, primarily due to higher levels of low-yielding short-term liquid assets[112]. - The net interest spread decreased to 2.27% for the nine months ended September 30, 2021, compared to 2.82% for the same period in 2020[130]. Operational Highlights - A new banking center was opened in Lake Charles, Louisiana, and plans for expansion into New Orleans were announced[102]. - The company completed a $3.0 million stock repurchase program and renewed it for an additional $5.0 million[98]. - Operating expenses increased by $433,000 (3.3%) to $13.7 million for the third quarter of 2021 and by $2.2 million (5.7%) to $40.2 million for the nine months compared to the same periods in 2020[149][150]. - Technology expenses rose by $73,000 (11.0%) for the three months and $281,000 (15.1%) for the nine months ended September 30, 2021, driven by new systems to support market expansion[154]. - The efficiency ratio for Q3 2021 was 57.61%, compared to 55.88% for Q3 2020[104]. Legal Matters - The Company is involved in a class action lawsuit alleging wrongful imposition of non-sufficient funds fees, with the plaintiff seeking unspecified damages[245]. - The lawsuit was filed on August 28, 2020, in Louisiana's 19th Judicial District Court, representing all account holders who incurred similar charges[245]. - The Bank has denied the allegations and is vigorously defending the case, having filed an exception of no cause of action[245]. - Management believes that ongoing legal matters are not expected to materially affect consolidated results, financial condition, or cash flows[245]. - The Company cannot determine the probability of a materially adverse result or estimate potential exposure at this stage[245].

| --- | --- | --- | |-----------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | INVESTOR PRESENTATION | | | | | | | | | | | Forward-Looking Statements and Non-GAAP Information This presentation contains forward-looking statements that are based on various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties, and other factors that may cause Red River Bancshares, Inc.'s (the "Company," "RRBI," "Red River," "we," o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-38888 Red River Bancshares, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorpo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-38888 Red River Bancshares, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38888 Red River Bancshares, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-1412058 (State or Other Jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-38888 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ...

RED RIVER BANCSHARES, INC. | --- | --- | --- | |-------|-----------------------------------------------------|-------| | | | | | | | | | | | | | | Investor Presentation September, 2020 Nasdaq: RRBI | | Made in Louisiana. Made for Louisiana. Forward-Looking Statements and Non-GAAP Information This presentation contains forward-looking statements that are based on various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties, and other factors tha ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-38888 Red River Bancshares, Inc. (Exact name of registrant as specified in its charter) (State or Other Juris ...

Financial Performance - Net income for Q1 2020 was $6.7 million, or $0.92 diluted EPS, an increase of 18.4% compared to $5.7 million, or $0.85 diluted EPS, for Q1 2019[121] - Net income for Q1 2020 was $6.7 million, or $0.92 diluted EPS, an increase of 18.4% from $5.7 million, or $0.85 diluted EPS, in Q1 2019[126] - Net interest income for Q1 2020 was $16.1 million, a 4.1% increase from $15.5 million in Q1 2019, primarily due to a $117.6 million increase in average interest-earning assets[131] - The return on average assets for Q1 2020 was 1.36%, compared to 1.24% for Q1 2019[127] - The efficiency ratio improved to 57.40% in Q1 2020 from 59.52% in Q1 2019[127] - Noninterest income rose by $1.4 million, or 43.5%, to $4.7 million, driven by gains on the sale of securities and increased mortgage loan income[140][141] - The provision for loan losses for Q1 2020 was $503,000, down $23,000, or 4.4%, from $526,000 in Q1 2019[185] Asset and Equity Growth - Total assets increased to $2,010,701 thousand as of March 31, 2020, up 1.1% from $1,988,225 thousand as of December 31, 2019[123] - Total stockholders' equity increased to $264,175 thousand as of March 31, 2020, a 4.9% increase from $251,898 thousand as of December 31, 2019[123] - Total stockholders' equity as of March 31, 2020, was $264.2 million, an increase of $12.3 million, or 4.9%, from $251.9 million as of December 31, 2019[189] - Tangible book value per common share rose to $36.08 as of March 31, 2020, up from $34.48 as of December 31, 2019[217] - Tangible common equity to tangible assets ratio improved to 13.07% as of March 31, 2020, from 12.60% as of December 31, 2019[217] Loan and Deposit Activity - Noninterest-bearing deposits increased by $223.2 million, or 36.7%, to $830.5 million as of April 30, 2020, primarily due to government stimulus funds and PPP loan proceeds[116] - Loans held for investment (HFI) increased to $1.45 billion as of March 31, 2020, reflecting a growth of $8.4 million, or 0.6%, from $1.44 billion as of December 31, 2019[168] - Average total loans increased by $61.3 million, or 4.4%, for the three months ended March 31, 2020, compared to the average total loans for the twelve months ended December 31, 2019[194] - Total deposits increased by $6.7 million, or 0.4%, to $1.73 billion as of March 31, 2020, from $1.72 billion as of December 31, 2019[187] - Noninterest-bearing deposits rose by $22.4 million, or 3.8%, to $607.3 million, representing 35.15% of total deposits as of March 31, 2020[187] Impact of COVID-19 - The company anticipates an increased level of problem loans due to economic pressures from the COVID-19 pandemic[111] - Operating expenses for Q2 2020 are expected to increase due to costs associated with managing the COVID-19 pandemic and implementing the PPP[119] - The company has suspended or reduced various fees to assist customers during the crisis, which is expected to adversely affect ongoing noninterest income[118] - Short-term loan modifications were made on $113.4 million of loans HFI to provide temporary relief to borrowers affected by COVID-19[171] - The company processed over 1,000 PPP applications within five days of accepting applications, demonstrating rapid response to the crisis[107] Interest Rate and Risk Management - The net interest margin for Q1 2020 was 3.41%, negatively impacted by two significant Federal Reserve rate decreases in March 2020[121] - The average effective federal funds rate decreased to 1.26% in Q1 2020 from 2.40% in Q1 2019, impacting yields on interest-earning assets[130] - The estimated net interest income at risk for a 100 basis point shift should not decline by more than 10.0% for the subsequent one-year period[205] - The company's exposure to interest rate risk is managed by the Asset-Liability Management Committee, which monitors strategies based on interest rate risk levels[203] Securities and Investments - The company sold $31.2 million of securities in the first quarter of 2020, resulting in significant gains and a strategic reallocation of funds[159] - The total AFS securities fair value was $401.944 million as of March 31, 2020, compared to $335.573 million as of December 31, 2019[166] - As of March 31, 2020, the net unrealized gain of the AFS securities portfolio was $7.3 million, compared to a net unrealized loss of $30,000 as of December 31, 2019[162] - The securities portfolio tax-equivalent yield decreased to 2.21% for the three months ended March 31, 2020, from 2.29% for the same period in 2019[161]