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Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-38888
Entity Registrant Name	Red River Bancshares Inc
Entity Incorporation, State or Country Code	LA
Entity Tax Identification Number	72-1412058
Entity Address, Address Line One	1412 Centre Court Drive, Suite 501,
Entity Address, City or Town	Alexandria,
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	71301
City Area Code	318
Local Phone Number	561-5028
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	RRBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Category	true
Entity Emerging Growth Category	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,328,157
Entity Central Index Key	0001071236
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus (i.e. Q1,Q2,Q3,FY)	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 31,097	$ 25,937
Interest-bearing deposits in other banks	210,254	107,355
Total Cash and Cash Equivalents	241,351	133,292
Securities available-for-sale	413,246	335,573
Equity securities	4,032	3,936
Nonmarketable equity securities	3,441	1,350
Loans held for sale	14,578	5,089
Loans held for investment	1,615,298	1,438,924
Allowance for loan losses	(14,882)	(13,937)
Premises and equipment, net	41,465	41,744
Accrued interest receivable	6,492	5,251
Bank-owned life insurance	22,131	21,845
Intangible assets	1,546	1,546
Right-of-use assets	4,355	4,553
Other assets	8,813	9,059
Total Assets	2,361,866	1,988,225
LIABILITIES
Noninterest-bearing deposits	858,397	584,915
Interest-bearing deposits	1,210,925	1,136,205
Total Deposits	2,069,322	1,721,120
Accrued interest payable	1,994	2,222
Lease liabilities	4,419	4,603
Accrued expenses and other liabilities	15,014	8,382
Total Liabilities	2,090,749	1,736,327
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 - 7,322,532 and 7,306,221 shares	68,177	68,082
Additional paid-in capital	1,429	1,269
Retained earnings	195,291	182,571
Accumulated other comprehensive income (loss)	6,220	(24)
Total Stockholders' Equity	271,117	251,898
Total Liabilities and Stockholders' Equity	$ 2,361,866	$ 1,988,225

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares, issued	7,322,532	7,306,221
Common stock, shares, outstanding	7,322,532	7,306,221

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 17,076	$ 15,945	$ 33,542	$ 31,448
Interest on securities	1,876	1,784	3,667	3,547
Interest on federal funds sold	37	212	150	425
Interest on deposits in other banks	32	306	238	722
Dividends on stock	2	9	6	19
Total Interest and Dividend Income	19,023	18,256	37,603	36,161
INTEREST EXPENSE
Interest on deposits	2,051	2,449	4,543	4,746
Interest on other borrowed funds	16	0	16	0
Interest on junior subordinated debentures	0	156	0	312
Total Interest Expense	2,067	2,605	4,559	5,058
Net Interest Income	16,956	15,651	33,044	31,103
Provision for loan losses	1,525	529	2,028	1,055
Net Interest Income After Provision for Loan Losses	15,431	15,122	31,016	30,048
NONINTEREST INCOME
Service charges on deposit accounts	718	1,083	1,946	2,109
Debit card income, net	896	785	1,651	1,481
Mortgage loan income	1,947	657	2,835	1,171
Brokerage income	395	626	1,139	991
Loan and deposit income	627	382	927	727
Bank-owned life insurance income	144	137	287	270
Gain (Loss) on equity securities	33	56	96	104
Gain (Loss) on sale of securities	840	0	1,223	0
SBIC income	190	376	368	496
Other income (loss)	33	(3)	82	46
Total Noninterest Income	5,823	4,099	10,554	7,395
OPERATING EXPENSES
Personnel expenses	7,646	7,005	14,995	13,645
Occupancy and equipment expenses	1,235	1,334	2,419	2,509
Technology expenses	615	558	1,202	1,101
Advertising	215	396	476	605
Other business development expenses	256	277	551	560
Data processing expense	471	483	921	942
Other taxes	438	455	875	808
Loan and deposit expenses	273	392	519	615
Legal and professional expenses	605	383	1,100	702
Regulatory assessment expenses	139	133	164	275
Other operating expenses	976	988	1,597	1,800
Total Operating Expenses	12,869	12,404	24,819	23,562
Income Before Income Tax Expense	8,385	6,817	16,751	13,881
Income tax expense	1,531	1,279	3,152	2,647
Net Income	$ 6,854	$ 5,538	$ 13,599	$ 11,234
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.94	$ 0.79	$ 1.86	$ 1.64
Diluted (in dollars per share)	$ 0.93	$ 0.78	$ 1.85	$ 1.63

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 6,854	$ 5,538	$ 13,599	$ 11,234
Other comprehensive income (loss):
Unrealized net gain (loss) on securities arising during period	1,386	4,213	9,126	9,131
Tax effect	(291)	(885)	(1,916)	(1,918)
(Gain) loss on sale of securities included in net income	(840)	0	(1,223)	0
Tax effect	177	0	257	0
Total change in other comprehensive income (loss)	432	3,328	6,244	7,213
Comprehensive Income	$ 7,286	$ 8,866	$ 19,843	$ 18,447

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period at Dec. 31, 2018		6,627,358
Balance in the beginning of period at Dec. 31, 2018	$ 193,703	$ 41,094	$ 1,042	$ 159,073	$ (7,506)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,696			5,696
Stock incentive plan	49		49
Issuance of shares of common stock through exercise of stock options (in shares)		7,200
Issuance of shares of common stock through exercise of stock options	80	$ 80
Issuance of shares of common stock as board compensation (in shares)		2,368
Issuance of shares of common stock as board compensation	97	$ 97
Cash dividend	(1,326)			(1,326)
Other comprehensive income (loss)	3,885				3,885
Balance at the end of period at Mar. 31, 2019		6,636,926
Balance at the end of period at Mar. 31, 2019	202,184	$ 41,271	1,091	163,443	(3,621)
Balance at the beginning of period at Dec. 31, 2018		6,627,358
Balance in the beginning of period at Dec. 31, 2018	193,703	$ 41,094	1,042	159,073	(7,506)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,234
Other comprehensive income (loss)	7,213
Balance at the end of period at Jun. 30, 2019		7,300,246
Balance at the end of period at Jun. 30, 2019	237,911	$ 68,082	1,141	168,981	(293)
Balance at the beginning of period at Mar. 31, 2019		6,636,926
Balance in the beginning of period at Mar. 31, 2019	202,184	$ 41,271	1,091	163,443	(3,621)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,538			5,538
Stock incentive plan	50		50
Issuance of shares of common stock through IPO (in shares)		663,320
Issuance of shares of common stock through IPO	26,812	$ 26,812
Board compensation adjustment	(1)	$ (1)
Other comprehensive income (loss)	3,328				3,328
Balance at the end of period at Jun. 30, 2019		7,300,246
Balance at the end of period at Jun. 30, 2019	$ 237,911	$ 68,082	1,141	168,981	(293)
Balance at the beginning of period at Dec. 31, 2019	7,306,221	7,306,221
Balance in the beginning of period at Dec. 31, 2019	$ 251,898	$ 68,082	1,269	182,571	(24)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,745			6,745
Stock incentive plan	64		64
Issuance of shares of common stock through exercise of stock options (in shares)		14,720
Issuance of shares of common stock through exercise of stock options	8	$ 8
Issuance of shares of common stock as board compensation (in shares)		1,591
Issuance of shares of common stock as board compensation	87	$ 87
Cash dividend	(439)			(439)
Other comprehensive income (loss)	5,812				5,812
Balance at the end of period at Mar. 31, 2020		7,322,532
Balance at the end of period at Mar. 31, 2020	$ 264,175	$ 68,177	1,333	188,877	5,788
Balance at the beginning of period at Dec. 31, 2019	7,306,221	7,306,221
Balance in the beginning of period at Dec. 31, 2019	$ 251,898	$ 68,082	1,269	182,571	(24)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,599
Other comprehensive income (loss)	$ 6,244
Balance at the end of period at Jun. 30, 2020	7,322,532	7,322,532
Balance at the end of period at Jun. 30, 2020	$ 271,117	$ 68,177	1,429	195,291	6,220
Balance at the beginning of period at Mar. 31, 2020		7,322,532
Balance in the beginning of period at Mar. 31, 2020	264,175	$ 68,177	1,333	188,877	5,788
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,854			6,854
Stock incentive plan	96		96
Cash dividend	(440)			(440)
Other comprehensive income (loss)	$ 432				432
Balance at the end of period at Jun. 30, 2020	7,322,532	7,322,532
Balance at the end of period at Jun. 30, 2020	$ 271,117	$ 68,177	$ 1,429	$ 195,291	$ 6,220

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.06	$ 0.06	$ 0.2

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 13,599	$ 11,234
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	900	847
Amortization	260	151
Share-based compensation earned	160	99
Share-based board compensation earned	35	52
(Gain) Loss on other assets owned	9	11
Net (accretion) amortization on securities AFS	1,293	566
Gain on sale of securities AFS	(1,223)	0
Provision for loan losses	2,028	1,055
Deferred income tax (benefit) expense	(292)	(263)
Net (increase) decrease in loans HFS	(9,489)	(3,125)
Net (increase) decrease in accrued interest receivable	(1,241)	(557)
Net (increase) decrease in BOLI	(286)	(269)
Net increase (decrease) in accrued interest payable	(228)	241
Net increase (decrease) in accrued income taxes payable	3,108	(431)
Other operating activities, net	1,819	(272)
Net cash provided by (used in) operating activities	10,452	9,339
Activity in securities AFS:
Sales	86,925	0
Maturities, prepayments, and calls	42,076	33,255
Purchases	(198,841)	(34,893)
Purchase of nonmarketable equity securities	(2,091)	(43)
Net (increase) decrease in loans HFI	(177,480)	(65,495)
Proceeds from sales of foreclosed assets	302	333
Purchases of premises and equipment	(615)	(1,174)
Net cash provided by (used in) investing activities	(249,724)	(68,017)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	348,202	(10,993)
Proceeds from other borrowed funds	50,000	0
Repayments of other borrowed funds	(50,000)	0
Redemption of junior subordinated debentures	0	(6,186)
Proceeds from exercise of stock options	8	80
Proceeds from initial public offering, net	0	26,812
Cash dividends	(879)	(1,326)
Net cash provided by (used in) financing activities	347,331	8,387
Net change in cash and cash equivalents	108,059	(50,291)
Cash and cash equivalents - beginning of period	133,292	151,906
Cash and cash equivalents - end of period	241,351	101,615
Cash paid during the year for:
Interest	4,788	4,817
Income taxes	317	3,323
Initial measurement and recognition of operating lease assets in exchange for lease liabilities	0	4,954
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	$ 23	$ 792

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements of the Company were prepared in accordance with GAAP for interim financial information, general practices within the financial services industry, and with instructions for Form 10-Q and Regulation S-X. Accordingly, these interim financial statements do not include all of the information or footnotes required by GAAP for annual financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results which may be expected for the entire fiscal year. These statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2019, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Certain prior period amounts have been reclassified to conform to the current period presentation. These changes in presentation did not have a material impact on the Company's financial condition or results of operations. Critical Accounting Policies and Estimates There were no material changes or developments during the reporting period with respect to methodologies the Company uses when applying critical accounting policies and developing critical accounting estimates as disclosed in Note 1 of the notes to the audited consolidated financial statements for the year ended December 31, 2019, that were included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in stockholders’ equity, and cash flows for the interim period presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions. Accounting Standards Adopted in 2020 ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. This ASU eliminates, adds, and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. This standard was effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. ASU 2018-13 was adopted as of January 1, 2020, and did not have a material impact on the Company's financial statements. ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This ASU simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value, an entity will record an impairment based on that difference. The impairment will be limited to the amount of goodwill allocated to that reporting unit. The standard eliminates the requirement to calculate a goodwill impairment using Step 2, which requires an entity to calculate any impairment by comparing the implied fair value of goodwill with its carrying amount. This standard was effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. ASU 2017-04 was adopted as of January 1, 2020, and did not have a material impact on the Company's financial statements. Recent Accounting Pronouncements ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The guidance issued in this update simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition for deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted tax changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual periods beginning after December 15, 2020, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 sets forth the CECL model requiring the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses. In addition, the update amends the accounting for credit losses on AFS securities. As an SEC registrant with smaller reporting company filing status as determined on June 30, 2019, CECL is effective for the Company beginning January 1, 2023. The Company continues to evaluate the impact of this ASU on the consolidated financial statements and disclosures. In that regard, the Company has formed a cross-functional working group and is currently working through an implementation plan. The implementation plan includes an assessment of data, model development and documentation, documentation of processes, and implementation of a third-party vendor solution to assist in the adoption of ASU 2016-13.

Securities

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Securities

Securities held for indefinite periods of time are classified as AFS and carried at estimated fair value. The Company did not have any HTM securities as of June 30, 2020. Investment activity for the six months ended June 30, 2020, included $198.8 million of securities purchased, partially offset by $86.9 million in sales and $42.1 million in maturities, prepayments, and calls. The net unrealized gain of the securities AFS portfolio increased $7.9 million for the six months ended June 30, 2020. The amortized cost and estimated fair values of securities AFS are summarized in the following tables:



	June 30, 2020
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities AFS:
Mortgage-backed securities	$	251,298	$	4,439	$	(106	)	$	255,631
Municipal bonds	147,630		3,422		(68		)	150,984
U.S. agency securities	6,445		186		—			6,631
Total Securities AFS	$	405,373	$	8,047	$	(174	)	$	413,246



	December 31, 2019
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities AFS:
Mortgage-backed securities	$	236,572	$	299	$	(1,200	)	$	235,671
Municipal bonds	91,929		1,108		(279		)	92,758
U.S. agency securities	7,102		46		(4		)	7,144
Total Securities AFS	$	335,603	$	1,453	$	(1,483	)	$	335,573

The amortized costs and estimated fair value of debt securities as of June 30, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties.



(in thousands)	Amortized Cost		Fair Value
Within one year	$	585	$	596
After one year but within five years	37,058		37,779
After five years but within ten years	49,938		51,395
After ten years	317,792		323,476
Total	$	405,373	$	413,246

Information pertaining to securities with gross unrealized losses as of June 30, 2020 and December 31, 2019, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:



	Less than twelve months					Twelve months or more
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
June 30, 2020
Securities AFS:
Mortgage-backed securities	$	(106	)	$	35,432	$	—		$	—
Municipal bonds	(67		)	5,987		(1		)	269
U.S. agency securities	—			—		—			—
Total Securities AFS	$	(173	)	$	41,419	$	(1	)	$	269

December 31, 2019
Securities AFS:
Mortgage-backed securities	$	(474	)	$	109,416	$	(726	)	$	70,425
Municipal bonds	(172		)	18,735		(107		)	9,323
U.S. agency securities	(4		)	1,020		—			—
Total Securities AFS	$	(650	)	$	129,171	$	(833	)	$	79,748

As of June 30, 2020, the number of investment securities in an unrealized loss position totaled 19. The aggregate unrealized loss of these securities as of June 30, 2020, was 0.04% of the amortized cost basis of the total securities AFS portfolio. Management and the Asset-Liability Committee continually monitor the securities portfolio and are able to effectively measure and monitor the unrealized loss positions on these securities. Management does not intend to sell these securities prior to recovery, and it is more likely than not that the Company will have the ability to hold them, primarily due to adequate liquidity, until each security has recovered its cost basis. The unrealized losses on these securities have been determined by management to be a function of the movement of interest rates since the time of purchase. Based on review of available information, including recent changes in interest rates and credit rating information, management believes the declines in fair value of these securities are temporary. The Company does not consider these securities to have OTTI.

Management evaluates securities for OTTI on at least a quarterly basis, and more frequently if economic or market concerns merit such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost; (2) the financial condition and near-term prospects of the issuer; and (3) whether the Company intends to, and it is more likely than not that it will be able to, retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Additionally, the Company annually performs a detailed credit review of the municipal securities owned to identify any potential credit concerns. There were no OTTI losses on debt securities related to credit losses recognized during the six months ended June 30, 2020, or the year ended December 31, 2019.

The proceeds from sales of securities AFS and their gross gain (loss) for the three and six months ended June 30, 2020 and 2019, are shown below:



	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2020			2019		2020			2019
Proceeds⁽¹⁾	$	55,765		$	—	$	86,925		$	—
Gross gain	$	861		$	—	$	1,316		$	—
Gross loss	$	(21	)	$	—	$	(93	)	$	—


⁽¹⁾	The proceeds include the gross gain and loss.

Pledged Securities

Securities with carrying values of approximately $110.6 million and $89.8 million were pledged to secure public entity deposits as of June 30, 2020 and December 31, 2019, respectively.

Loans and Asset Quality

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Loans and Asset Quality

Loans

Loans HFI by category and loans HFS are summarized below:



(in thousands)	June 30, 2020		December 31, 2019
Real estate:
Commercial real estate	$	536,166	$	531,990
One-to-four family residential	420,545		420,020
Construction and development	140,907		132,461
Commercial and industrial	244,587		267,940
SBA PPP, net of deferred income	192,655		—
Tax-exempt	56,065		56,494
Consumer	24,373		30,019
Total loans HFI	$	1,615,298	$	1,438,924
Total loans HFS	$	14,578	$	5,089

Allowance for Loan Losses

The following table summarizes the activity in the allowance for loan losses by category for the six months ended June 30, 2020:



(in thousands)	Beginning Balance December 31, 2019		Provision for Loan Losses		Loans Charged-off			Recoveries		Ending Balance June 30, 2020
Real estate:
Commercial real estate	$	3,454	$	671	$	—		$	—	$	4,125
One-to-four family residential	3,323		487		—			5		3,815
Construction and development	1,211		221		(14		)	—		1,418
Commercial and industrial	5,175		110		(1,058		)	50		4,277
SBA PPP, net of deferred income	—		443		—			—		443
Tax-exempt	334		68		—			—		402
Consumer	440		28		(146		)	80		402
Total allowance for loan losses	$	13,937	$	2,028	$	(1,218	)	$	135	$	14,882

The following table summarizes the activity in the allowance for loan losses by category for the twelve months ended December 31, 2019:



(in thousands)	Beginning Balance December 31, 2018		Provision for Loan Losses			Loans Charged-off			Recoveries		Ending Balance December 31, 2019
Real estate:
Commercial real estate	$	3,081	$	373		$	—		$	—	$	3,454
One-to-four family residential	3,146		216			(44		)	5		3,323
Construction and development	951		172			—			88		1,211
Commercial and industrial	4,604		850			(864		)	585		5,175
SBA PPP, net of deferred income	—		—			—			—		—
Tax-exempt	372		(38		)	—			—		334
Consumer	370		237			(311		)	144		440
Total allowance for loan losses	$	12,524	$	1,810		$	(1,219	)	$	822	$	13,937

The balance in the allowance for loan losses and the related recorded investment in loans by category as of June 30, 2020, are as follows:



(in thousands)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Total
Allowance for loan losses:
Real estate:
Commercial real estate	$	239	$	3,886	$	—	$	4,125
One-to-four family residential	43		3,772		—		3,815
Construction and development	—		1,418		—		1,418
Commercial and industrial	2,004		2,273		—		4,277
SBA PPP, net of deferred income	—		443		—		443
Tax-exempt	—		402		—		402
Consumer	155		247		—		402
Total allowance for loan losses	$	2,441	$	12,441	$	—	$	14,882

Loans:
Real estate:
Commercial real estate	$	2,427	$	533,739	$	—	$	536,166
One-to-four family residential	1,264		419,281		—		420,545
Construction and development	—		140,907		—		140,907
Commercial and industrial	6,929		237,658		—		244,587
SBA PPP, net of deferred income	—		192,655		—		192,655
Tax-exempt	—		56,065		—		56,065
Consumer	158		24,215		—		24,373
Total loans HFI	$	10,778	$	1,604,520	$	—	$	1,615,298

The balance in the allowance for loan losses and the related recorded investment in loans by category as of December 31, 2019, are as follows:



(in thousands)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Total
Allowance for loan losses:
Real estate:
Commercial real estate	$	260	$	3,194	$	—	$	3,454
One-to-four family residential	31		3,292		—		3,323
Construction and development	10		1,201		—		1,211
Commercial and industrial	2,916		2,259		—		5,175
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		334		—		334
Consumer	71		369		—		440
Total allowance for loan losses	$	3,288	$	10,649	$	—	$	13,937

Loans:
Real estate:
Commercial real estate	$	2,639	$	529,351	$	—	$	531,990
One-to-four family residential	1,193		418,827		—		420,020
Construction and development	38		132,423		—		132,461
Commercial and industrial	8,797		259,143		—		267,940
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		56,494		—		56,494
Consumer	75		29,944		—		30,019
Total loans HFI	$	12,742	$	1,426,182	$	—	$	1,438,924

Past Due and Nonaccrual Loans

A summary of current, past due, and nonaccrual loans as of June 30, 2020, is as follows:



	Accruing
(in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total Loans
Real estate:
Commercial real estate	$	533,734	$	1,184	$	—	$	1,248	$	536,166
One-to-four family residential	419,808		124		—		613		420,545
Construction and development	140,907		—		—		—		140,907
Commercial and industrial	242,838		173		—		1,576		244,587
SBA PPP, net of deferred income	192,655		—		—		—		192,655
Tax-exempt	56,065		—		—		—		56,065
Consumer	24,326		42		—		5		24,373
Total loans HFI	$	1,610,333	$	1,523	$	—	$	3,442	$	1,615,298

A summary of current, past due, and nonaccrual loans as of December 31, 2019, is as follows:



	Accruing
(in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total Loans
Real estate:
Commercial real estate	$	530,712	$	—	$	—	$	1,278	$	531,990
One-to-four family residential	419,229		184		—		607		420,020
Construction and development	132,423		—		—		38		132,461
Commercial and industrial	264,427		143		—		3,370		267,940
SBA PPP, net of deferred income	—		—		—		—		—
Tax-exempt	56,494		—		—		—		56,494
Consumer	29,973		20		—		26		30,019
Total loans HFI	$	1,433,258	$	347	$	—	$	5,319	$	1,438,924

Impaired Loans

Impaired loans include TDRs and performing and nonperforming loans. Information pertaining to impaired loans as of June 30, 2020, is as follows:



(in thousands)	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment
With no related allowance recorded:
Real estate:
Commercial real estate	$	1,374	$	1,346	$	—	$	1,406
One-to-four family residential	1,048		990		—		1,017
Construction and development	—		—		—		—
Commercial and industrial	1,732		1,412		—		1,437
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	1		2		—		2
Total with no related allowance	4,155		3,750		—		3,862
With allowance recorded:
Real estate:
Commercial real estate	1,268		1,081		239		1,092
One-to-four family residential	281		274		43		200
Construction and development	—		—		—		13
Commercial and industrial	5,530		5,517		2,004		6,715
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	157		156		155		97
Total with related allowance	7,236		7,028		2,441		8,117
Total impaired loans	$	11,391	$	10,778	$	2,441	$	11,979

Information pertaining to impaired loans as of December 31, 2019, is as follows:



(in thousands)	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment
With no related allowance recorded:
Real estate:
Commercial real estate	$	1,560	$	1,537	$	—	$	2,647
One-to-four family residential	1,040		984		—		1,194
Construction and development	—		—		—		76
Commercial and industrial	1,805		1,474		—		3,685
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	2		2		—		9
Total with no related allowance	4,407		3,997		—		7,611
With allowance recorded:
Real estate:
Commercial real estate	1,263		1,102		260		1,076
One-to-four family residential	216		209		31		339
Construction and development	51		38		10		89
Commercial and industrial	8,544		7,323		2,916		7,746
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	76		73		71		76
Total with related allowance	10,150		8,745		3,288		9,326
Total impaired loans	$	14,557	$	12,742	$	3,288	$	16,937

The interest income recognized on impaired loans for the three months ended June 30, 2020 and June 30, 2019, was $71,000 and $237,000, respectively. The interest income recognized on impaired loans for the six months ended June 30, 2020 and June 30, 2019, was $162,000 and $409,000, respectively.

Troubled Debt Restructurings

The restructuring of a loan is considered a TDR if the borrower is experiencing financial difficulties and the bank has granted a concession. Concessions grant terms to the borrower that would not be offered for new debt with similar risk characteristics. Concessions typically include interest rate reductions or below market interest rates, revising amortization schedules to defer principal and interest payments, and other changes necessary to provide payment relief to the borrower and minimize the risk of loss. There were no unfunded commitments to extend credit related to these loans as of June 30, 2020 or December 31, 2019.

A summary of current, past due, and nonaccrual TDR loans as of June 30, 2020, is as follows:



(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total TDRs
Real estate:
Commercial real estate	$	1,176	$	—	$	—	$	1,248	$	2,424
One-to-four family residential	245		—		—		—		245
Construction and development	—		—		—		—		—
Commercial and industrial	—		—		—		13		13
SBA PPP, net of deferred income	—		—		—		—		—
Tax-exempt	—		—		—		—		—
Consumer	—		42		—		—		42
Total	$	1,421	$	42	$	—	$	1,261	$	2,724
Number of TDR loans	8		1		—		4		13

A summary of current, past due, and nonaccrual TDR loans as of December 31, 2019, is as follows:



(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total TDRs
Real estate:
Commercial real estate	$	1,361	$	—	$	—	$	1,278	$	2,639
One-to-four family residential	252		—		—		—		252
Construction and development	—		—		—		38		38
Commercial and industrial	36		—		—		1,869		1,905
SBA PPP, net of deferred income	—		—		—		—		—
Tax-exempt	—		—		—		—		—
Consumer	46		—		—		—		46
Total	$	1,695	$	—	$	—	$	3,185	$	4,880
Number of TDR loans	12		—		—		6		18

A summary of loans modified as TDRs that occurred during the six months ended June 30, 2020 and June 30, 2019, is as follows:



	June 30, 2020					June 30, 2019
		Recorded Investment					Recorded Investment
(dollars in thousands)	Loan Count	Pre Modification		Post Modification		Loan Count	Pre Modification		Post Modification
Real estate:
Commercial real estate	—	$	—	$	—	1	$	166	$	166
One-to-four family residential	—	—		—		—	—		—
Construction and development	—	—		—		—	—		—
Commercial and industrial	—	—		—		—	—		—
SBA PPP, net of deferred income	—	—		—		—	—		—
Tax-exempt	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
Total	—	$	—	$	—	1	$	166	$	166

The TDR described above did not increase the allowance for loan losses as of June 30, 2019. Additionally, there were no defaults on loans during the six months ended June 30, 2020 or June 30, 2019, that had been modified as a TDR during the prior twelve months.

Through June 30, 2020, short-term loan modifications on $272.2 million of loans HFI were made to provide temporary relief to borrowers that have been adversely affected by the outbreak of COVID-19. In accordance with interagency regulatory guidance issued in March 2020, these short-term deferrals are not deemed to be TDRs to the extent they meet the terms of such guidance.

Credit Quality Indicators

Loans are categorized based on the degree of risk inherent in the credit and the ability of the borrower to service the debt. A description of the general characteristics of the Bank’s risk rating grades follows:

Pass - These ratings are assigned to loans with a risk level ranging from very low to acceptable based on the borrower’s financial condition, financial trends, management strength, and collateral quality.

Special Mention - This category includes loans with potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan.

Substandard - Loans in this category have well defined weaknesses which jeopardize normal repayment of principal and interest.

Doubtful - Loans in this category have well defined weaknesses that make full collection improbable.

Loss - Loans classified in this category are considered uncollectible and charged-off to the allowance for loan losses.

The following table summarizes loans by risk rating as of June 30, 2020:



(in thousands)	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Real estate:
Commercial real estate	$	518,377	$	15,654	$	2,135	$	—	$	—	$	536,166
One-to-four family residential	417,681		1,628		1,236		—		—		420,545
Construction and development	139,570		557		780		—		—		140,907
Commercial and industrial	228,745		8,530		7,312		—		—		244,587
SBA PPP, net of deferred income	192,655		—		—		—		—		192,655
Tax-exempt	56,065		—		—		—		—		56,065
Consumer	24,244		14		115		—		—		24,373
Total loans HFI	$	1,577,337	$	26,383	$	11,578	$	—	$	—	$	1,615,298

The following table summarizes loans by risk rating as of December 31, 2019:



(in thousands)	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Real estate:
Commercial real estate	$	515,926	$	14,118	$	1,946	$	—	$	—	$	531,990
One-to-four family residential	416,884		2,021		1,115		—		—		420,020
Construction and development	131,185		565		711		—		—		132,461
Commercial and industrial	247,382		11,473		9,085		—		—		267,940
SBA PPP, net of deferred income	—		—		—		—		—		—
Tax-exempt	56,494		—		—		—		—		56,494
Consumer	29,876		5		138		—		—		30,019
Total loans HFI	$	1,397,747	$	28,182	$	12,995	$	—	$	—	$	1,438,924

Commitments to Extend Credit

Commitments to extend credit are agreements to lend to a customer if all conditions of the commitment have been met. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by the Company upon extension of credit, is based on management’s evaluation of the customer’s ability to repay. As of June 30, 2020, unfunded loan commitments totaled approximately $299.6 million. As of December 31, 2019, unfunded loan commitments totaled approximately $257.0 million.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. As of June 30, 2020, commitments under standby letters of credit totaled approximately $10.0 million. As of December 31, 2019, commitments under standby letters of credit totaled approximately $11.1 million. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers.

Deposits

6 Months Ended

Jun. 30, 2020

Deposits [Abstract]

Deposits

Deposits were $2.07 billion and $1.72 billion for June 30, 2020 and December 31, 2019, respectively. This increase was a result of customers receiving funds from various government stimulus programs and depositing the proceeds from their PPP loans, as well as higher deposit account opening activity. Deposits are summarized below:



(in thousands)	June 30, 2020		December 31, 2019
Noninterest-bearing demand deposits	$	858,397	$	584,915
Interest-bearing deposits:
NOW accounts	316,217		331,374
Money market accounts	431,516		367,689
Savings accounts	129,799		103,984
Time deposits < $100,000	107,255		110,636
Time deposits $100,000 to $250,000	132,841		131,957
Time deposits > $250,000	93,297		90,565
Total interest-bearing deposits	1,210,925		1,136,205
Total deposits	$	2,069,322	$	1,721,120

Other Borrowed Funds	6 Months Ended
Other Borrowed Funds	Jun. 30, 2020
Debt Disclosure [Abstract]
Other Borrowed Funds	Other Borrowed Funds The Company has established various lines of credit with the FHLB and other correspondent banks to provide additional sources of operating funds. On April 15, 2020, in order to fund PPP loans, the Company borrowed $50.0 million from the FHLB for 90 days at a rate of 0.35% under its existing line of credit. The Company's FHLB line of credit is collateralized by eligible Red River Bank loans. Due to having adequate liquidity, the $50.0 million was paid off on May 19, 2020.

Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

The Company determines if an arrangement is a lease at inception of the contract and assesses the appropriate classification as operating or financing. Operating leases with terms greater than one year are included in right-of-use assets and lease liabilities on the Company's consolidated balance sheets. Agreements with both lease and non-lease components are accounted for separately, with only the lease component capitalized. Operating right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the term using the interest rate implicit in the contract, when available, or the Company's incremental collateralized borrowing rate with similar terms.

The Company maintains six operating leases on land and buildings for banking center facilities under long-term leases. These operating leases contain renewal options for periods ranging from three to five years that expire at various dates through October 31, 2031, with no residual value guarantees. Future obligations relating to the exercise of renewal options is included in the measurement if, based on the judgment of management, the renewal option is reasonably certain to be exercised. Factors in determining whether an option is reasonably certain of exercise include, but are not limited to, the value of leasehold improvements, the value of the renewal rate compared to market rates, and the presence of factors that would cause a significant economic penalty to the Company if the option is not exercised. Management reasonably plans to exercise all options, and as such, all renewal options are included in the measurement of the right-of-use assets and operating lease liabilities.

The Company elects to recognize the lease payments on leases with terms of one year or less in its consolidated statements of income on a straight-line basis over the lease term.

Operating lease expenses totaled $137,000 for each of the three months ended June 30, 2020 and 2019. For each of the six months ended June 30, 2020 and 2019, operating lease expenses were $275,000. Operating lease expenses are included as a component of occupancy and equipment expenses within the accompanying consolidated statements of income.

Cash paid for amounts included in the measurement of lease liabilities for operating leases totaled $260,000 and $250,000 for the six months ended June 30, 2020 and 2019, respectively.

The table below summarizes other information related to the Company's operating leases as of and for the six months ended June 30, 2020:



(dollars in thousands)	As of and for the Six Months Ended June 30, 2020
Weighted average remaining operating lease term	9.8 years
Weighted average operating lease discount rate	3.4	%

Future obligations over the primary and renewal option terms of the Company’s long-term operating leases as of June 30, 2020, were as follows:



(in thousands)	Amount
6 months remaining in 2020	$	260
2021	529
2022	537
2023	539
2024	539
Thereafter	2,815
Total lease payments	5,219
Less: Imputed interest	(800		)
Present value of lease liabilities	$	4,419

The Company's obligations under financing leases are not material and have not been included in assets and liabilities in the financial statements.

Fair Value

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value

The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Fair Value Disclosure

Securities AFS, loans HFS, and equity securities are recorded at fair value on a recurring basis. Additionally, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, foreclosed assets, and other certain assets. The nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets.

ASC 820, Fair Value Measurements and Disclosures indicates that assets and liabilities are recorded at fair value according to a fair value hierarchy comprised of three levels:

Level 1 pricing represents quotes on the exact financial instrument that is traded in active markets. Quoted prices on actively traded equities, for example, are in this category.

Level 2 pricing is derived from observable data including market spreads, current and projected rates, prepayment data, and credit quality. The valuation may be based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 pricing is derived without the use of observable data. In such cases, mark-to-model strategies are typically employed. Often, these types of instruments have no active market, possess unique characteristics, and are thinly traded.

The Company used the following methods and significant assumptions to estimate fair value:

Investment Securities and other Stocks: The fair values for marketable securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3).

Loans HFS: Residential mortgage loans originated and held for sale are carried at the lower of cost or estimated fair value on an individual basis. The fair values of mortgage loans HFS are based on commitments on hand from investors within

the secondary market for loans with similar characteristics. As such, the fair value adjustments for mortgage loans HFS are recurring Level 2.

Loans HFI: The Company does not record loans HFI at fair value on a recurring basis. However, from time to time, a loan may be considered impaired and an allowance for loan losses may be established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment using estimated fair value methodologies. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value, and discounted cash flows. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company considers the impaired loan as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the impaired loan as nonrecurring Level 3.

Foreclosed Assets: Foreclosed assets, consisting of properties obtained through foreclosure or in satisfaction of loans, are reported at fair value, determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources, adjusted for estimated selling costs (Level 2). However, foreclosed assets are considered Level 3 in the fair value hierarchy because management has qualitatively applied a discount due to the size, supply of inventory, and the incremental discounts applied to the appraisals. Management also considers other factors, including changes in absorption rates, length of time the property has been on the market, and anticipated sales values, which have resulted in adjustments to the collateral value estimates indicated in certain appraisals.

Fair Value of Assets Measured on a Recurring Basis

The table below presents the recorded amount of assets measured at fair value on a recurring basis:



(in thousands)	Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Loans HFS	$	14,578	$	—	$	14,578	$	—
Securities AFS:
Mortgage-backed securities	255,631		—		255,631		—
U.S. agency securities	6,631		—		6,631		—
Municipal bonds	150,984		—		150,984		—
Equity securities	4,032		4,032		—		—

December 31, 2019
Loans HFS	$	5,089	$	—	$	5,089	$	—
Securities AFS:
Mortgage-backed securities	235,671		—		235,671		—
U.S. agency securities	7,144		—		7,144		—
Municipal bonds	92,758		—		92,758		—
Equity securities	3,936		3,936		—		—

There were no transfers between Level 1, 2, or 3 during the six months ended June 30, 2020 and the year ended December 31, 2019.

Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis

Financial Assets and Financial Liabilities: Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances. Financial assets measured at fair value on a nonrecurring basis during the reported periods include certain collateral dependent loans reported at fair value of the underlying collateral if repayment is expected solely from the collateral. Prior to foreclosure of these loans, fair value of the collateral is estimated using Level 3 inputs based on customized discounting criteria.

The table below presents certain impaired loans that were remeasured and reported at fair value through the allowance for loan losses based upon the fair value of the underlying collateral during the reported periods:



(in thousands)	June 30, 2020			December 31, 2019
Carrying value of impaired loans before allowance for loan losses	$	334		$	88
Specific allowance for loan losses	(177		)	(15		)
Fair value of impaired loans	$	157		$	73

There were no financial liabilities measured at fair value on a nonrecurring basis.

Nonfinancial Assets and Liabilities: Certain nonfinancial assets and nonfinancial liabilities are measured at fair value on a nonrecurring basis. These include certain foreclosed assets, which are remeasured and reported at fair value through a charge-off to allowance for loan losses upon initial recognition. Subsequent to their initial recognition, certain foreclosed assets are remeasured at fair value through a write-down included in other noninterest income. The fair value of foreclosed assets is estimated using Level 3 inputs based on customized discounting criteria less estimated selling costs.

The following table presents foreclosed assets that were remeasured and reported at fair value during the reported periods:



(in thousands)	June 30, 2020		December 31, 2019
Foreclosed assets remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement	$	—	$	969
Charge-offs	—		(29		)
Fair value of foreclosed assets	$	—	$	940

There were no foreclosed assets that were remeasured subsequent to initial recognition for June 30, 2020 or December 31, 2019.

There were no nonfinancial liabilities measured at fair value on a nonrecurring basis.

The unobservable inputs used for the Level 3 fair value measurements on a nonrecurring basis are as follows:



(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Input	Discount Ranges	Weighted Average Discount
June 30, 2020
Impaired loans	$	8,337	Discounted appraisals	Collateral discounts and costs to sell	0% - 100%	22.65%
Foreclosed assets	$	852	Discounted appraisals	Collateral discounts and costs to sell	N/A	N/A

December 31, 2019
Impaired loans	$	9,454	Discounted appraisals	Collateral discounts and costs to sell	0% - 100%	25.80%
Foreclosed assets	$	1,128	Discounted appraisals	Collateral discounts and costs to sell	0% - 36%	2.60%

Fair Value of Financial Instruments

The carrying amounts and estimated fair values of financial instruments as of June 30, 2020 and December 31, 2019, were as follows:



(in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Financial assets:
Cash and due from banks	$	31,097	$	31,097	$	31,097	$	—	$	—
Interest-bearing deposits in other banks	210,254		210,254		210,254		—		—
Securities AFS	413,246		413,246		—		413,246		—
Equity securities	4,032		4,032		4,032		—		—
Nonmarketable equity securities	3,441		3,441		—		3,441		—
Loans HFS	14,578		14,578		—		14,578		—
Loans HFI, net of allowance	1,600,416		1,606,075		—		—		1,606,075
Accrued interest receivable	6,492		6,492		—		—		6,492
Financial liabilities:
Deposits	2,069,322		2,074,560		—		2,074,560		—
Accrued interest payable	1,994		1,994		—		1,994		—

December 31, 2019
Financial assets:
Cash and due from banks	$	25,937	$	25,937	$	25,937	$	—	$	—
Interest-bearing deposits in other banks	107,355		107,355		107,355		—		—
Securities AFS	335,573		335,573		—		335,573		—
Equity securities	3,936		3,936		3,936		—		—
Nonmarketable equity securities	1,350		1,350		—		1,350		—
Loans HFS	5,089		5,089		—		5,089		—
Loans HFI, net of allowance	1,424,987		1,426,163		—		—		1,426,163
Accrued interest receivable	5,251		5,251		—		—		5,251
Financial liabilities:
Deposits	1,721,120		1,721,286		—		1,721,286		—
Accrued interest payable	2,222		2,222		—		2,222		—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Regulatory Capital Requirements

6 Months Ended

Jun. 30, 2020

Regulatory Capital Requirements Under Banking Regulations [Abstract]

Regulatory Capital Requirements

Red River Bank

The Bank is subject to various regulatory capital requirements administered by the FDIC. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank's and the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

The Bank is subject to Basel III capital guidelines. Basel III requires the Bank to maintain certain minimum ratios to meet capital adequacy requirements. In addition, a capital conservation buffer ("CCB") was established above the minimum regulatory capital requirements. Effective January 1, 2019, the final CCB was fully phased in at 2.500%. It is management’s belief that, as of June 30, 2020, the Bank met all capital adequacy requirements under Basel III. Management expects that the capital ratios for the Bank under Basel III will continue to exceed capital adequacy requirements. The most recent notification from the FDIC (as of December 31, 2019) categorized the Bank as "well capitalized" under the regulatory framework for prompt corrective action.

Capital amounts and ratios for Red River Bank as of June 30, 2020 and December 31, 2019, are presented in the following table:



					Regulatory Requirements
	Actual				Minimum				Minimum Plus CCB
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2020
Total Risk-Based Capital	$	253,074	16.58	%	$	122,144	8.00	%	$	160,314	10.50	%
Tier I Risk-Based Capital	$	238,192	15.60	%	$	91,608	6.00	%	$	129,778	8.50	%
Common Equity Tier I Capital	$	238,192	15.60	%	$	68,706	4.50	%	$	106,876	7.00	%
Tier I Leverage Capital	$	238,192	10.42	%	$	91,473	4.00	%	$	91,473	4.00	%

December 31, 2019
Total Risk-Based Capital	$	238,021	16.23	%	$	117,325	8.00	%	$	153,989	10.50	%
Tier I Risk-Based Capital	$	224,084	15.28	%	$	87,994	6.00	%	$	124,658	8.50	%
Common Equity Tier I Capital	$	224,084	15.28	%	$	65,995	4.50	%	$	102,660	7.00	%
Tier I Leverage Capital	$	224,084	11.47	%	$	78,114	4.00	%	$	78,114	4.00	%

Red River Bancshares, Inc.

As a general matter, bank holding companies are subject to capital adequacy requirements under applicable Federal Reserve regulations. However, bank holding companies which qualify as "small bank holding companies" under the Federal Reserve's Small Bank Holding Company Policy Statement are exempt from the Federal Reserve's capital adequacy guidelines at the holding company level. In May 2018, the Economic Growth Act was enacted, and it increased the asset threshold for "small bank holding companies" from $1.0 billion to $3.0 billion. Because the Company has less than $3.0 billion in assets, it is no longer subject to capital adequacy guidelines on a consolidated basis. Although the minimum regulatory capital requirements are no longer applicable to the Company, the Company calculates these ratios for its own planning and monitoring purposes.

Capital amounts and ratios for Red River Bancshares, Inc. as of June 30, 2020 and December 31, 2019, are presented in the following table:



	Actual
(dollars in thousands)	Amount		Ratio
June 30, 2020
Total Risk-Based Capital	$	278,233	18.22	%
Tier I Risk-Based Capital	$	263,351	17.25	%
Common Equity Tier I Capital	$	263,351	17.25	%
Tier I Leverage Capital	$	263,351	11.52	%

December 31, 2019
Total Risk-Based Capital	$	264,313	18.02	%
Tier I Risk-Based Capital	$	250,376	17.07	%
Common Equity Tier I Capital	$	250,376	17.07	%
Tier I Leverage Capital	$	250,376	12.82	%

Community Bank Leverage Ratio Framework

As part of the directive under the Economic Growth Act, on September 17, 2019, the FDIC and other federal bank regulatory agencies approved the CBLR framework. This optional framework became effective January 1, 2020, and will be available as an alternative to the Basel III risk-based capital framework. The CBLR framework provides for a simple measure of capital adequacy for certain community banking organizations. Specifically, depository institutions and depository institution holding companies that have less than $10.0 billion in total consolidated assets and meet other qualifying criteria, including a Tier 1 leverage ratio of greater than 9.00% (subsequently temporarily reduced to 8.00% as a COVID-19 relief measure), are considered qualifying community banking organizations and are eligible to opt into the CBLR framework and replace the applicable Basel III risk-based capital requirements.

As of June 30, 2020, the Company and the Bank qualify for the CBLR framework. Management does not intend to utilize the CBLR framework that became effective January 1, 2020.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Earnings Per Common Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Common Share

Basic EPS is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits. Diluted EPS includes accrued but unissued shares relating to the Director's Compensation Program, stock options, and restricted stock determined using the treasury stock method. The dilutive EPS calculation assumes all outstanding stock options to purchase common stock have been exercised at the beginning of the year and the pro forma proceeds from the exercised options and restricted stock are used to purchase common stock at the average fair market valuation price.

The computations of basic and diluted earnings per common share for the Company were as follows:



	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands, except per share amounts)	2020		2019		2020		2019
Numerator:
Net income - basic	$	6,854	$	5,538	$	13,599	$	11,234
Net income - diluted	$	6,854	$	5,538	$	13,599	$	11,234

Denominator:
Weighted average shares outstanding - basic	7,322,532		7,037,834		7,317,906		6,836,278
Plus: Effect of Director Stock Compensation Program	869		590		800		1,073
Plus: Effect of stock options and restricted stock	25,371		36,345		32,204		37,209
Weighted average shares outstanding - diluted	7,348,772		7,074,769		7,350,910		6,874,560

Earnings per common share:
Basic	$	0.94	$	0.79	$	1.86	$	1.64
Diluted	$	0.93	$	0.78	$	1.85	$	1.63

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company were prepared in accordance with GAAP for interim financial information, general practices within the financial services industry, and with instructions for Form 10-Q and Regulation S-X. Accordingly, these interim financial statements do not include all of the information or footnotes required by GAAP for annual financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results which may be expected for the entire fiscal year. These statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2019, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
Reclassification	Certain prior period amounts have been reclassified to conform to the current period presentation. These changes in presentation did not have a material impact on the Company's financial condition or results of operations.
Critical Accounting Policies and Estimates	Critical Accounting Policies and Estimates There were no material changes or developments during the reporting period with respect to methodologies the Company uses when applying critical accounting policies and developing critical accounting estimates as disclosed in Note 1 of the notes to the audited consolidated financial statements for the year ended December 31, 2019, that were included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in stockholders’ equity, and cash flows for the interim period presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.
Accounting Standards Adopted in 2020 and Recent Accounting Pronouncements	Accounting Standards Adopted in 2020 ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. This ASU eliminates, adds, and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. This standard was effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. ASU 2018-13 was adopted as of January 1, 2020, and did not have a material impact on the Company's financial statements. ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This ASU simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value, an entity will record an impairment based on that difference. The impairment will be limited to the amount of goodwill allocated to that reporting unit. The standard eliminates the requirement to calculate a goodwill impairment using Step 2, which requires an entity to calculate any impairment by comparing the implied fair value of goodwill with its carrying amount. This standard was effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. ASU 2017-04 was adopted as of January 1, 2020, and did not have a material impact on the Company's financial statements. Recent Accounting Pronouncements ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The guidance issued in this update simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition for deferred tax liabilities for outside basis differences. ASU 2019-12 also simplifies aspects of the accounting for franchise taxes and enacted tax changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual periods beginning after December 15, 2020, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 sets forth the CECL model requiring the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses. In addition, the update amends the accounting for credit losses on AFS securities. As an SEC registrant with smaller reporting company filing status as determined on June 30, 2019, CECL is effective for the Company beginning January 1, 2023. The Company continues to evaluate the impact of this ASU on the consolidated financial statements and disclosures. In that regard, the Company has formed a cross-functional working group and is currently working through an implementation plan. The implementation plan includes an assessment of data, model development and documentation, documentation of processes, and implementation of a third-party vendor solution to assist in the adoption of ASU 2016-13.

Securities (Tables)

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of debt securities available for sale

The amortized cost and estimated fair values of securities AFS are summarized in the following tables:



	June 30, 2020
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities AFS:
Mortgage-backed securities	$	251,298	$	4,439	$	(106	)	$	255,631
Municipal bonds	147,630		3,422		(68		)	150,984
U.S. agency securities	6,445		186		—			6,631
Total Securities AFS	$	405,373	$	8,047	$	(174	)	$	413,246



	December 31, 2019
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities AFS:
Mortgage-backed securities	$	236,572	$	299	$	(1,200	)	$	235,671
Municipal bonds	91,929		1,108		(279		)	92,758
U.S. agency securities	7,102		46		(4		)	7,144
Total Securities AFS	$	335,603	$	1,453	$	(1,483	)	$	335,573

Schedule of maturities of securities available for sale



(in thousands)	Amortized Cost		Fair Value
Within one year	$	585	$	596
After one year but within five years	37,058		37,779
After five years but within ten years	49,938		51,395
After ten years	317,792		323,476
Total	$	405,373	$	413,246

Schedule of debt securities available for sale in unrealized loss position



	Less than twelve months					Twelve months or more
	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
June 30, 2020
Securities AFS:
Mortgage-backed securities	$	(106	)	$	35,432	$	—		$	—
Municipal bonds	(67		)	5,987		(1		)	269
U.S. agency securities	—			—		—			—
Total Securities AFS	$	(173	)	$	41,419	$	(1	)	$	269

December 31, 2019
Securities AFS:
Mortgage-backed securities	$	(474	)	$	109,416	$	(726	)	$	70,425
Municipal bonds	(172		)	18,735		(107		)	9,323
U.S. agency securities	(4		)	1,020		—			—
Total Securities AFS	$	(650	)	$	129,171	$	(833	)	$	79,748

Schedule of realized gain (loss)

The proceeds from sales of securities AFS and their gross gain (loss) for the three and six months ended June 30, 2020 and 2019, are shown below:



	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2020			2019		2020			2019
Proceeds⁽¹⁾	$	55,765		$	—	$	86,925		$	—
Gross gain	$	861		$	—	$	1,316		$	—
Gross loss	$	(21	)	$	—	$	(93	)	$	—

⁽¹⁾

The proceeds include the gross gain and loss.

Loans and Asset Quality (Tables)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Schedule of loans information

Loans HFI by category and loans HFS are summarized below:



(in thousands)	June 30, 2020		December 31, 2019
Real estate:
Commercial real estate	$	536,166	$	531,990
One-to-four family residential	420,545		420,020
Construction and development	140,907		132,461
Commercial and industrial	244,587		267,940
SBA PPP, net of deferred income	192,655		—
Tax-exempt	56,065		56,494
Consumer	24,373		30,019
Total loans HFI	$	1,615,298	$	1,438,924
Total loans HFS	$	14,578	$	5,089

Schedule of allowance for credit losses

The following table summarizes the activity in the allowance for loan losses by category for the six months ended June 30, 2020:



(in thousands)	Beginning Balance December 31, 2019		Provision for Loan Losses		Loans Charged-off			Recoveries		Ending Balance June 30, 2020
Real estate:
Commercial real estate	$	3,454	$	671	$	—		$	—	$	4,125
One-to-four family residential	3,323		487		—			5		3,815
Construction and development	1,211		221		(14		)	—		1,418
Commercial and industrial	5,175		110		(1,058		)	50		4,277
SBA PPP, net of deferred income	—		443		—			—		443
Tax-exempt	334		68		—			—		402
Consumer	440		28		(146		)	80		402
Total allowance for loan losses	$	13,937	$	2,028	$	(1,218	)	$	135	$	14,882

The following table summarizes the activity in the allowance for loan losses by category for the twelve months ended December 31, 2019:



(in thousands)	Beginning Balance December 31, 2018		Provision for Loan Losses			Loans Charged-off			Recoveries		Ending Balance December 31, 2019
Real estate:
Commercial real estate	$	3,081	$	373		$	—		$	—	$	3,454
One-to-four family residential	3,146		216			(44		)	5		3,323
Construction and development	951		172			—			88		1,211
Commercial and industrial	4,604		850			(864		)	585		5,175
SBA PPP, net of deferred income	—		—			—			—		—
Tax-exempt	372		(38		)	—			—		334
Consumer	370		237			(311		)	144		440
Total allowance for loan losses	$	12,524	$	1,810		$	(1,219	)	$	822	$	13,937

The balance in the allowance for loan losses and the related recorded investment in loans by category as of June 30, 2020, are as follows:



(in thousands)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Total
Allowance for loan losses:
Real estate:
Commercial real estate	$	239	$	3,886	$	—	$	4,125
One-to-four family residential	43		3,772		—		3,815
Construction and development	—		1,418		—		1,418
Commercial and industrial	2,004		2,273		—		4,277
SBA PPP, net of deferred income	—		443		—		443
Tax-exempt	—		402		—		402
Consumer	155		247		—		402
Total allowance for loan losses	$	2,441	$	12,441	$	—	$	14,882

Loans:
Real estate:
Commercial real estate	$	2,427	$	533,739	$	—	$	536,166
One-to-four family residential	1,264		419,281		—		420,545
Construction and development	—		140,907		—		140,907
Commercial and industrial	6,929		237,658		—		244,587
SBA PPP, net of deferred income	—		192,655		—		192,655
Tax-exempt	—		56,065		—		56,065
Consumer	158		24,215		—		24,373
Total loans HFI	$	10,778	$	1,604,520	$	—	$	1,615,298

The balance in the allowance for loan losses and the related recorded investment in loans by category as of December 31, 2019, are as follows:



(in thousands)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Total
Allowance for loan losses:
Real estate:
Commercial real estate	$	260	$	3,194	$	—	$	3,454
One-to-four family residential	31		3,292		—		3,323
Construction and development	10		1,201		—		1,211
Commercial and industrial	2,916		2,259		—		5,175
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		334		—		334
Consumer	71		369		—		440
Total allowance for loan losses	$	3,288	$	10,649	$	—	$	13,937

Loans:
Real estate:
Commercial real estate	$	2,639	$	529,351	$	—	$	531,990
One-to-four family residential	1,193		418,827		—		420,020
Construction and development	38		132,423		—		132,461
Commercial and industrial	8,797		259,143		—		267,940
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		56,494		—		56,494
Consumer	75		29,944		—		30,019
Total loans HFI	$	12,742	$	1,426,182	$	—	$	1,438,924

Schedule of financing receivable past due

A summary of current, past due, and nonaccrual loans as of June 30, 2020, is as follows:



	Accruing
(in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total Loans
Real estate:
Commercial real estate	$	533,734	$	1,184	$	—	$	1,248	$	536,166
One-to-four family residential	419,808		124		—		613		420,545
Construction and development	140,907		—		—		—		140,907
Commercial and industrial	242,838		173		—		1,576		244,587
SBA PPP, net of deferred income	192,655		—		—		—		192,655
Tax-exempt	56,065		—		—		—		56,065
Consumer	24,326		42		—		5		24,373
Total loans HFI	$	1,610,333	$	1,523	$	—	$	3,442	$	1,615,298

A summary of current, past due, and nonaccrual loans as of December 31, 2019, is as follows:



	Accruing
(in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total Loans
Real estate:
Commercial real estate	$	530,712	$	—	$	—	$	1,278	$	531,990
One-to-four family residential	419,229		184		—		607		420,020
Construction and development	132,423		—		—		38		132,461
Commercial and industrial	264,427		143		—		3,370		267,940
SBA PPP, net of deferred income	—		—		—		—		—
Tax-exempt	56,494		—		—		—		56,494
Consumer	29,973		20		—		26		30,019
Total loans HFI	$	1,433,258	$	347	$	—	$	5,319	$	1,438,924

Schedule of impaired financing receivable

Information pertaining to impaired loans as of June 30, 2020, is as follows:



(in thousands)	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment
With no related allowance recorded:
Real estate:
Commercial real estate	$	1,374	$	1,346	$	—	$	1,406
One-to-four family residential	1,048		990		—		1,017
Construction and development	—		—		—		—
Commercial and industrial	1,732		1,412		—		1,437
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	1		2		—		2
Total with no related allowance	4,155		3,750		—		3,862
With allowance recorded:
Real estate:
Commercial real estate	1,268		1,081		239		1,092
One-to-four family residential	281		274		43		200
Construction and development	—		—		—		13
Commercial and industrial	5,530		5,517		2,004		6,715
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	157		156		155		97
Total with related allowance	7,236		7,028		2,441		8,117
Total impaired loans	$	11,391	$	10,778	$	2,441	$	11,979

Information pertaining to impaired loans as of December 31, 2019, is as follows:



(in thousands)	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment
With no related allowance recorded:
Real estate:
Commercial real estate	$	1,560	$	1,537	$	—	$	2,647
One-to-four family residential	1,040		984		—		1,194
Construction and development	—		—		—		76
Commercial and industrial	1,805		1,474		—		3,685
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	2		2		—		9
Total with no related allowance	4,407		3,997		—		7,611
With allowance recorded:
Real estate:
Commercial real estate	1,263		1,102		260		1,076
One-to-four family residential	216		209		31		339
Construction and development	51		38		10		89
Commercial and industrial	8,544		7,323		2,916		7,746
SBA PPP, net of deferred income	—		—		—		—
Tax-exempt	—		—		—		—
Consumer	76		73		71		76
Total with related allowance	10,150		8,745		3,288		9,326
Total impaired loans	$	14,557	$	12,742	$	3,288	$	16,937

Schedule of TDRs

A summary of current, past due, and nonaccrual TDR loans as of June 30, 2020, is as follows:



(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total TDRs
Real estate:
Commercial real estate	$	1,176	$	—	$	—	$	1,248	$	2,424
One-to-four family residential	245		—		—		—		245
Construction and development	—		—		—		—		—
Commercial and industrial	—		—		—		13		13
SBA PPP, net of deferred income	—		—		—		—		—
Tax-exempt	—		—		—		—		—
Consumer	—		42		—		—		42
Total	$	1,421	$	42	$	—	$	1,261	$	2,724
Number of TDR loans	8		1		—		4		13

A summary of current, past due, and nonaccrual TDR loans as of December 31, 2019, is as follows:



(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual		Total TDRs
Real estate:
Commercial real estate	$	1,361	$	—	$	—	$	1,278	$	2,639
One-to-four family residential	252		—		—		—		252
Construction and development	—		—		—		38		38
Commercial and industrial	36		—		—		1,869		1,905
SBA PPP, net of deferred income	—		—		—		—		—
Tax-exempt	—		—		—		—		—
Consumer	46		—		—		—		46
Total	$	1,695	$	—	$	—	$	3,185	$	4,880
Number of TDR loans	12		—		—		6		18

A summary of loans modified as TDRs that occurred during the six months ended June 30, 2020 and June 30, 2019, is as follows:



	June 30, 2020					June 30, 2019
		Recorded Investment					Recorded Investment
(dollars in thousands)	Loan Count	Pre Modification		Post Modification		Loan Count	Pre Modification		Post Modification
Real estate:
Commercial real estate	—	$	—	$	—	1	$	166	$	166
One-to-four family residential	—	—		—		—	—		—
Construction and development	—	—		—		—	—		—
Commercial and industrial	—	—		—		—	—		—
SBA PPP, net of deferred income	—	—		—		—	—		—
Tax-exempt	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
Total	—	$	—	$	—	1	$	166	$	166

Schedule of financing receivable by credit risk

The following table summarizes loans by risk rating as of June 30, 2020:



(in thousands)	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Real estate:
Commercial real estate	$	518,377	$	15,654	$	2,135	$	—	$	—	$	536,166
One-to-four family residential	417,681		1,628		1,236		—		—		420,545
Construction and development	139,570		557		780		—		—		140,907
Commercial and industrial	228,745		8,530		7,312		—		—		244,587
SBA PPP, net of deferred income	192,655		—		—		—		—		192,655
Tax-exempt	56,065		—		—		—		—		56,065
Consumer	24,244		14		115		—		—		24,373
Total loans HFI	$	1,577,337	$	26,383	$	11,578	$	—	$	—	$	1,615,298

The following table summarizes loans by risk rating as of December 31, 2019:



(in thousands)	Pass		Special Mention		Substandard		Doubtful		Loss		Total
Real estate:
Commercial real estate	$	515,926	$	14,118	$	1,946	$	—	$	—	$	531,990
One-to-four family residential	416,884		2,021		1,115		—		—		420,020
Construction and development	131,185		565		711		—		—		132,461
Commercial and industrial	247,382		11,473		9,085		—		—		267,940
SBA PPP, net of deferred income	—		—		—		—		—		—
Tax-exempt	56,494		—		—		—		—		56,494
Consumer	29,876		5		138		—		—		30,019
Total loans HFI	$	1,397,747	$	28,182	$	12,995	$	—	$	—	$	1,438,924

Deposits (Tables)

6 Months Ended

Jun. 30, 2020

Deposits [Abstract]

Summary of deposits

Deposits are summarized below:



(in thousands)	June 30, 2020		December 31, 2019
Noninterest-bearing demand deposits	$	858,397	$	584,915
Interest-bearing deposits:
NOW accounts	316,217		331,374
Money market accounts	431,516		367,689
Savings accounts	129,799		103,984
Time deposits < $100,000	107,255		110,636
Time deposits $100,000 to $250,000	132,841		131,957
Time deposits > $250,000	93,297		90,565
Total interest-bearing deposits	1,210,925		1,136,205
Total deposits	$	2,069,322	$	1,721,120

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Information about operating leases

The table below summarizes other information related to the Company's operating leases as of and for the six months ended June 30, 2020:



(dollars in thousands)	As of and for the Six Months Ended June 30, 2020
Weighted average remaining operating lease term	9.8 years
Weighted average operating lease discount rate	3.4	%

Schedule of maturity of operating lease liability

Future obligations over the primary and renewal option terms of the Company’s long-term operating leases as of June 30, 2020, were as follows:



(in thousands)	Amount
6 months remaining in 2020	$	260
2021	529
2022	537
2023	539
2024	539
Thereafter	2,815
Total lease payments	5,219
Less: Imputed interest	(800		)
Present value of lease liabilities	$	4,419

Fair Value (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of fair value of assets measured on recurring basis

The table below presents the recorded amount of assets measured at fair value on a recurring basis:



(in thousands)	Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Loans HFS	$	14,578	$	—	$	14,578	$	—
Securities AFS:
Mortgage-backed securities	255,631		—		255,631		—
U.S. agency securities	6,631		—		6,631		—
Municipal bonds	150,984		—		150,984		—
Equity securities	4,032		4,032		—		—

December 31, 2019
Loans HFS	$	5,089	$	—	$	5,089	$	—
Securities AFS:
Mortgage-backed securities	235,671		—		235,671		—
U.S. agency securities	7,144		—		7,144		—
Municipal bonds	92,758		—		92,758		—
Equity securities	3,936		3,936		—		—

Schedule of fair value of assets measured on nonrecurring basis

The following table presents foreclosed assets that were remeasured and reported at fair value during the reported periods:



(in thousands)	June 30, 2020		December 31, 2019
Foreclosed assets remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement	$	—	$	969
Charge-offs	—		(29		)
Fair value of foreclosed assets	$	—	$	940



(in thousands)	June 30, 2020			December 31, 2019
Carrying value of impaired loans before allowance for loan losses	$	334		$	88
Specific allowance for loan losses	(177		)	(15		)
Fair value of impaired loans	$	157		$	73

Schedule of inputs used for the Level 3 fair value measurement

The unobservable inputs used for the Level 3 fair value measurements on a nonrecurring basis are as follows:



(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Input	Discount Ranges	Weighted Average Discount
June 30, 2020
Impaired loans	$	8,337	Discounted appraisals	Collateral discounts and costs to sell	0% - 100%	22.65%
Foreclosed assets	$	852	Discounted appraisals	Collateral discounts and costs to sell	N/A	N/A

December 31, 2019
Impaired loans	$	9,454	Discounted appraisals	Collateral discounts and costs to sell	0% - 100%	25.80%
Foreclosed assets	$	1,128	Discounted appraisals	Collateral discounts and costs to sell	0% - 36%	2.60%

Schedule of carrying amounts and estimated fair values of financial instruments

The carrying amounts and estimated fair values of financial instruments as of June 30, 2020 and December 31, 2019, were as follows:



(in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Financial assets:
Cash and due from banks	$	31,097	$	31,097	$	31,097	$	—	$	—
Interest-bearing deposits in other banks	210,254		210,254		210,254		—		—
Securities AFS	413,246		413,246		—		413,246		—
Equity securities	4,032		4,032		4,032		—		—
Nonmarketable equity securities	3,441		3,441		—		3,441		—
Loans HFS	14,578		14,578		—		14,578		—
Loans HFI, net of allowance	1,600,416		1,606,075		—		—		1,606,075
Accrued interest receivable	6,492		6,492		—		—		6,492
Financial liabilities:
Deposits	2,069,322		2,074,560		—		2,074,560		—
Accrued interest payable	1,994		1,994		—		1,994		—

December 31, 2019
Financial assets:
Cash and due from banks	$	25,937	$	25,937	$	25,937	$	—	$	—
Interest-bearing deposits in other banks	107,355		107,355		107,355		—		—
Securities AFS	335,573		335,573		—		335,573		—
Equity securities	3,936		3,936		3,936		—		—
Nonmarketable equity securities	1,350		1,350		—		1,350		—
Loans HFS	5,089		5,089		—		5,089		—
Loans HFI, net of allowance	1,424,987		1,426,163		—		—		1,426,163
Accrued interest receivable	5,251		5,251		—		—		5,251
Financial liabilities:
Deposits	1,721,120		1,721,286		—		1,721,286		—
Accrued interest payable	2,222		2,222		—		2,222		—

Regulatory Capital Requirements (Tables)

6 Months Ended

Jun. 30, 2020

Regulatory Capital Requirements Under Banking Regulations [Abstract]

Schedule of compliance with regulatory capital requirements under banking regulations

Capital amounts and ratios for Red River Bancshares, Inc. as of June 30, 2020 and December 31, 2019, are presented in the following table:



	Actual
(dollars in thousands)	Amount		Ratio
June 30, 2020
Total Risk-Based Capital	$	278,233	18.22	%
Tier I Risk-Based Capital	$	263,351	17.25	%
Common Equity Tier I Capital	$	263,351	17.25	%
Tier I Leverage Capital	$	263,351	11.52	%

December 31, 2019
Total Risk-Based Capital	$	264,313	18.02	%
Tier I Risk-Based Capital	$	250,376	17.07	%
Common Equity Tier I Capital	$	250,376	17.07	%
Tier I Leverage Capital	$	250,376	12.82	%

Capital amounts and ratios for Red River Bank as of June 30, 2020 and December 31, 2019, are presented in the following table:



					Regulatory Requirements
	Actual				Minimum				Minimum Plus CCB
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2020
Total Risk-Based Capital	$	253,074	16.58	%	$	122,144	8.00	%	$	160,314	10.50	%
Tier I Risk-Based Capital	$	238,192	15.60	%	$	91,608	6.00	%	$	129,778	8.50	%
Common Equity Tier I Capital	$	238,192	15.60	%	$	68,706	4.50	%	$	106,876	7.00	%
Tier I Leverage Capital	$	238,192	10.42	%	$	91,473	4.00	%	$	91,473	4.00	%

December 31, 2019
Total Risk-Based Capital	$	238,021	16.23	%	$	117,325	8.00	%	$	153,989	10.50	%
Tier I Risk-Based Capital	$	224,084	15.28	%	$	87,994	6.00	%	$	124,658	8.50	%
Common Equity Tier I Capital	$	224,084	15.28	%	$	65,995	4.50	%	$	102,660	7.00	%
Tier I Leverage Capital	$	224,084	11.47	%	$	78,114	4.00	%	$	78,114	4.00	%

Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of earnings per share

The computations of basic and diluted earnings per common share for the Company were as follows:



	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands, except per share amounts)	2020		2019		2020		2019
Numerator:
Net income - basic	$	6,854	$	5,538	$	13,599	$	11,234
Net income - diluted	$	6,854	$	5,538	$	13,599	$	11,234

Denominator:
Weighted average shares outstanding - basic	7,322,532		7,037,834		7,317,906		6,836,278
Plus: Effect of Director Stock Compensation Program	869		590		800		1,073
Plus: Effect of stock options and restricted stock	25,371		36,345		32,204		37,209
Weighted average shares outstanding - diluted	7,348,772		7,074,769		7,350,910		6,874,560

Earnings per common share:
Basic	$	0.94	$	0.79	$	1.86	$	1.64
Diluted	$	0.93	$	0.78	$	1.85	$	1.63

Securities - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
Securities - Narrative (Details) $ in Thousands	Jun. 30, 2020 USD ($) security	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) security	Jun. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)
Investments, Debt and Equity Securities [Abstract]
Purchases			$ 198,841	$ 34,893
Sales	$ 55,765	$ 0	86,925	0
Maturities, prepayments, and calls			42,076	$ 33,255
Increase in fair value			$ 7,900
Number of positions \| security	19		19
Securities in a loss position as a percent of total AFS securities	0.04%		0.04%
Securities pledged to secure public deposits	$ 110,600		$ 110,600		$ 89,800

Securities - Schedule of Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 405,373	$ 335,603
Gross Unrealized Gains	8,047	1,453
Gross Unrealized Losses	(174)	(1,483)
Fair Value	413,246	335,573
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	251,298	236,572
Gross Unrealized Gains	4,439	299
Gross Unrealized Losses	(106)	(1,200)
Fair Value	255,631	235,671
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	147,630	91,929
Gross Unrealized Gains	3,422	1,108
Gross Unrealized Losses	(68)	(279)
Fair Value	150,984	92,758
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,445	7,102
Gross Unrealized Gains	186	46
Gross Unrealized Losses	0	(4)
Fair Value	$ 6,631	$ 7,144

Securities - Schedule of AFS Debt Securities, By Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Amortized Cost
Within one year	$ 585
After one year but within five years	37,058
After five years but within ten years	49,938
After ten years	317,792
Amortized Cost	405,373	$ 335,603
Fair Value
Within one year	596
After one year but within five years	37,779
After five years but within ten years	51,395
After ten years	323,476
Fair Value	$ 413,246

Securities - Schedule of Securities With Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than twelve months	$ (173)	$ (650)
Fair Value, Less than twelve months	41,419	129,171
Gross Unrealized Losses, Twelve months or more	(1)	(833)
Fair Value, Twelve months or more	269	79,748
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than twelve months	(106)	(474)
Fair Value, Less than twelve months	35,432	109,416
Gross Unrealized Losses, Twelve months or more	0	(726)
Fair Value, Twelve months or more	0	70,425
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than twelve months	(67)	(172)
Fair Value, Less than twelve months	5,987	18,735
Gross Unrealized Losses, Twelve months or more	(1)	(107)
Fair Value, Twelve months or more	269	9,323
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Losses, Less than twelve months	0	(4)
Fair Value, Less than twelve months	0	1,020
Gross Unrealized Losses, Twelve months or more	0	0
Fair Value, Twelve months or more	$ 0	$ 0

Securities - Schedule of Proceeds from Sale Of Securities AFS and Their Gains (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 55,765	$ 0	$ 86,925	$ 0
Gross gain	861	0	1,316	0
Gross loss	$ (21)	$ 0	$ (93)	$ 0

Loans and Asset Quality - Total Loans Held for Investment by Category and Loans Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	$ 1,615,298	$ 1,438,924
Loans held for sale	14,578	5,089
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	244,587	267,940
SBA PPP, net of deferred income
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	192,655	0
Tax-exempt
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	56,065	56,494
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	24,373	30,019
Commercial real estate \| Real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	536,166	531,990
One-to-four family residential \| Real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	420,545	420,020
Construction and development \| Real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans held for investment	$ 140,907	$ 132,461

Loans and Asset Quality - Schedule of Allowance of Loan Losses By Category (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 13,937	$ 12,524
Provision for Loan Losses	2,028	1,810
Loans Charged-off	(1,218)	(1,219)
Recoveries	135	822
Ending Balance	14,882	13,937
Real estate \| Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	3,454	3,081
Provision for Loan Losses	671	373
Loans Charged-off	0	0
Recoveries	0	0
Ending Balance	4,125	3,454
Real estate \| One-to-four family residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	3,323	3,146
Provision for Loan Losses	487	216
Loans Charged-off	0	(44)
Recoveries	5	5
Ending Balance	3,815	3,323
Real estate \| Construction and development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,211	951
Provision for Loan Losses	221	172
Loans Charged-off	(14)	0
Recoveries	0	88
Ending Balance	1,418	1,211
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	5,175	4,604
Provision for Loan Losses	110	850
Loans Charged-off	(1,058)	(864)
Recoveries	50	585
Ending Balance	4,277	5,175
SBA PPP, net of deferred income
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	0	0
Provision for Loan Losses	443	0
Loans Charged-off	0	0
Recoveries	0	0
Ending Balance	443	0
Tax-exempt
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	334	372
Provision for Loan Losses	68	(38)
Loans Charged-off	0	0
Recoveries	0	0
Ending Balance	402	334
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	440	370
Provision for Loan Losses	28	237
Loans Charged-off	(146)	(311)
Recoveries	80	144
Ending Balance	$ 402	$ 440

Loans and Asset Quality - Schedule of Allowance for Loan Losses and the Related Recorded Investment in Loans by Category (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for loan losses:
Individually Evaluated for Impairment	$ 2,441	$ 3,288
Collectively Evaluated for Impairment	12,441	10,649
Loans and Leases Receivable, Allowance	14,882	13,937	$ 12,524
Loans:
Individually Evaluated for Impairment	10,778	12,742
Collectively Evaluated for Impairment	1,604,520	1,426,182
Loans held for investment	1,615,298	1,438,924
Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
Real estate \| Commercial real estate
Allowance for loan losses:
Individually Evaluated for Impairment	239	260
Collectively Evaluated for Impairment	3,886	3,194
Loans and Leases Receivable, Allowance	4,125	3,454	3,081
Loans:
Individually Evaluated for Impairment	2,427	2,639
Collectively Evaluated for Impairment	533,739	529,351
Loans held for investment	536,166	531,990
Real estate \| Commercial real estate \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
Real estate \| One-to-four family residential
Allowance for loan losses:
Individually Evaluated for Impairment	43	31
Collectively Evaluated for Impairment	3,772	3,292
Loans and Leases Receivable, Allowance	3,815	3,323	3,146
Loans:
Individually Evaluated for Impairment	1,264	1,193
Collectively Evaluated for Impairment	419,281	418,827
Loans held for investment	420,545	420,020
Real estate \| One-to-four family residential \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
Real estate \| Construction and development
Allowance for loan losses:
Individually Evaluated for Impairment	0	10
Collectively Evaluated for Impairment	1,418	1,201
Loans and Leases Receivable, Allowance	1,418	1,211	951
Loans:
Individually Evaluated for Impairment	0	38
Collectively Evaluated for Impairment	140,907	132,423
Loans held for investment	140,907	132,461
Real estate \| Construction and development \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
Commercial and industrial
Allowance for loan losses:
Individually Evaluated for Impairment	2,004	2,916
Collectively Evaluated for Impairment	2,273	2,259
Loans and Leases Receivable, Allowance	4,277	5,175	4,604
Loans:
Individually Evaluated for Impairment	6,929	8,797
Collectively Evaluated for Impairment	237,658	259,143
Loans held for investment	244,587	267,940
Commercial and industrial \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
SBA PPP, net of deferred income
Allowance for loan losses:
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	443	0
Loans and Leases Receivable, Allowance	443	0	0
Loans:
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	192,655	0
Loans held for investment	192,655	0
SBA PPP, net of deferred income \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
Tax-exempt
Allowance for loan losses:
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	402	334
Loans and Leases Receivable, Allowance	402	334	372
Loans:
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	56,065	56,494
Loans held for investment	56,065	56,494
Tax-exempt \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	0	0
Consumer
Allowance for loan losses:
Individually Evaluated for Impairment	155	71
Collectively Evaluated for Impairment	247	369
Loans and Leases Receivable, Allowance	402	440	$ 370
Loans:
Individually Evaluated for Impairment	158	75
Collectively Evaluated for Impairment	24,215	29,944
Loans held for investment	24,373	30,019
Consumer \| Acquired with Deteriorated Credit Quality
Allowance for loan losses:
Loans and Leases Receivable, Allowance	0	0
Loans:
Loans held for investment	$ 0	$ 0

Loans and Asset Quality - Summary of Current, Past Due, and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Current	$ 1,610,333	$ 1,433,258
Nonaccrual	3,442	5,319
Loans held for investment	1,615,298	1,438,924
30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	1,523	347
90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Real estate \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current	533,734	530,712
Nonaccrual	1,248	1,278
Loans held for investment	536,166	531,990
Real estate \| Commercial real estate \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	1,184	0
Real estate \| Commercial real estate \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Real estate \| One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Current	419,808	419,229
Nonaccrual	613	607
Loans held for investment	420,545	420,020
Real estate \| One-to-four family residential \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	124	184
Real estate \| One-to-four family residential \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Real estate \| Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Current	140,907	132,423
Nonaccrual	0	38
Loans held for investment	140,907	132,461
Real estate \| Construction and development \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Real estate \| Construction and development \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Current	242,838	264,427
Nonaccrual	1,576	3,370
Loans held for investment	244,587	267,940
Commercial and industrial \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	173	143
Commercial and industrial \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
SBA PPP, net of deferred income
Financing Receivable, Credit Quality Indicator [Line Items]
Current	192,655	0
Nonaccrual	0	0
Loans held for investment	192,655	0
SBA PPP, net of deferred income \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
SBA PPP, net of deferred income \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Tax-exempt
Financing Receivable, Credit Quality Indicator [Line Items]
Current	56,065	56,494
Nonaccrual	0	0
Loans held for investment	56,065	56,494
Tax-exempt \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Tax-exempt \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	0	0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current	24,326	29,973
Nonaccrual	5	26
Loans held for investment	24,373	30,019
Consumer \| 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	42	20
Consumer \| 90 Days or More Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due	$ 0	$ 0

Loans and Asset Quality - Schedule of Loans Impaired (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Unpaid Principal Balance
With no related allowance recorded:	$ 4,155	$ 4,407
With allowance recorded:	7,236	10,150
Total impaired loans	11,391	14,557
Recorded Investment
With no related allowance recorded:	3,750	3,997
With allowance recorded:	7,028	8,745
Total impaired loans	10,778	12,742
Related Allowance	2,441	3,288
Average Recorded Investment
With no related allowance recorded:	3,862	7,611
With allowance recorded:	8,117	9,326
Total impaired loans	11,979	16,937
Real estate \| Commercial real estate
Unpaid Principal Balance
With no related allowance recorded:	1,374	1,560
With allowance recorded:	1,268	1,263
Recorded Investment
With no related allowance recorded:	1,346	1,537
With allowance recorded:	1,081	1,102
Related Allowance	239	260
Average Recorded Investment
With no related allowance recorded:	1,406	2,647
With allowance recorded:	1,092	1,076
Real estate \| One-to-four family residential
Unpaid Principal Balance
With no related allowance recorded:	1,048	1,040
With allowance recorded:	281	216
Recorded Investment
With no related allowance recorded:	990	984
With allowance recorded:	274	209
Related Allowance	43	31
Average Recorded Investment
With no related allowance recorded:	1,017	1,194
With allowance recorded:	200	339
Real estate \| Construction and development
Unpaid Principal Balance
With no related allowance recorded:	0	0
With allowance recorded:	0	51
Recorded Investment
With no related allowance recorded:	0	0
With allowance recorded:	0	38
Related Allowance	0	10
Average Recorded Investment
With no related allowance recorded:	0	76
With allowance recorded:	13	89
Commercial and industrial
Unpaid Principal Balance
With no related allowance recorded:	1,732	1,805
With allowance recorded:	5,530	8,544
Recorded Investment
With no related allowance recorded:	1,412	1,474
With allowance recorded:	5,517	7,323
Related Allowance	2,004	2,916
Average Recorded Investment
With no related allowance recorded:	1,437	3,685
With allowance recorded:	6,715	7,746
SBA PPP, net of deferred income
Unpaid Principal Balance
With no related allowance recorded:	0	0
With allowance recorded:	0	0
Recorded Investment
With no related allowance recorded:	0	0
With allowance recorded:	0	0
Related Allowance	0	0
Average Recorded Investment
With no related allowance recorded:	0	0
With allowance recorded:	0	0
Tax-exempt
Unpaid Principal Balance
With no related allowance recorded:	0	0
With allowance recorded:	0	0
Recorded Investment
With no related allowance recorded:	0	0
With allowance recorded:	0	0
Related Allowance	0	0
Average Recorded Investment
With no related allowance recorded:	0	0
With allowance recorded:	0	0
Consumer
Unpaid Principal Balance
With no related allowance recorded:	1	2
With allowance recorded:	157	76
Recorded Investment
With no related allowance recorded:	2	2
With allowance recorded:	156	73
Related Allowance	155	71
Average Recorded Investment
With no related allowance recorded:	2	9
With allowance recorded:	$ 97	$ 76

Loans and Asset Quality - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
Loans and Asset Quality - Narrative (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Troubled Debt Restructuring [Line Items]
Interest income on impaired loans	$ 71,000	$ 237,000	$ 162,000	$ 409,000
Increase for allowance for loan losses	14,882,000		14,882,000		$ 13,937,000	$ 12,524,000
Defaults on loans			0	0
Short-term loan modification of HFI investments not considered TDR	272,200,000
Unfunded Loan Commitment
Financing Receivable, Troubled Debt Restructuring [Line Items]
Other commitments	299,600,000		299,600,000		257,000,000.0
Standby Letters of Credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Other commitments	10,000,000.0		10,000,000.0		$ 11,100,000
TDRs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Increase for allowance for loan losses	$ 0	$ 0	$ 0	$ 0

Loans and Asset Quality - Summary of Current, Past Due, and Nonaccrual TDR Loans (Details) $ in Thousands			6 Months Ended
	Jun. 30, 2020 USD ($) loan	Dec. 31, 2019 USD ($) loan	Jun. 30, 2020 USD ($) loan	Jun. 30, 2019 loan
TDR
Current	$ 1,421	$ 1,695	$ 1,421
Nonaccrual	1,261	3,185	1,261
Total TDRs	$ 2,724	$ 4,880	$ 2,724
Number of TDR loans
Current \| loan	8	12
Nonaccrual \| loan	4	6
Total TDRs \| loan	13	18	0	1
30-89 Days Past Due
TDR
Past Due	$ 42	$ 0	$ 42
Number of TDR loans
Past Due \| loan	1	0
90 Days or More Past Due
TDR
Past Due	$ 0	$ 0	0
Number of TDR loans
Past Due \| loan	0	0
Real estate \| Commercial real estate
TDR
Current	$ 1,176	$ 1,361	1,176
Nonaccrual	1,248	1,278	1,248
Total TDRs	2,424	2,639	$ 2,424
Number of TDR loans
Total TDRs \| loan			0	1
Real estate \| Commercial real estate \| 30-89 Days Past Due
TDR
Past Due	0	0	$ 0
Real estate \| Commercial real estate \| 90 Days or More Past Due
TDR
Past Due	0	0	0
Real estate \| One-to-four family residential
TDR
Current	245	252	245
Nonaccrual	0	0	0
Total TDRs	245	252	$ 245
Number of TDR loans
Total TDRs \| loan			0	0
Real estate \| One-to-four family residential \| 30-89 Days Past Due
TDR
Past Due	0	0	$ 0
Real estate \| One-to-four family residential \| 90 Days or More Past Due
TDR
Past Due	0	0	0
Real estate \| Construction and development
TDR
Current	0	0	0
Nonaccrual	0	38	0
Total TDRs	0	38	$ 0
Number of TDR loans
Total TDRs \| loan			0	0
Real estate \| Construction and development \| 30-89 Days Past Due
TDR
Past Due	0	0	$ 0
Real estate \| Construction and development \| 90 Days or More Past Due
TDR
Past Due	0	0	0
Commercial and industrial
TDR
Current	0	36	0
Nonaccrual	13	1,869	13
Total TDRs	13	1,905	$ 13
Number of TDR loans
Total TDRs \| loan			0	0
Commercial and industrial \| 30-89 Days Past Due
TDR
Past Due	0	0	$ 0
Commercial and industrial \| 90 Days or More Past Due
TDR
Past Due	0	0	0
SBA PPP, net of deferred income
TDR
Current	0	0	0
Nonaccrual	0	0	0
Total TDRs	0	0	$ 0
Number of TDR loans
Total TDRs \| loan			0	0
SBA PPP, net of deferred income \| 30-89 Days Past Due
TDR
Past Due	0	0	$ 0
SBA PPP, net of deferred income \| 90 Days or More Past Due
TDR
Past Due	0	0	0
Tax-exempt
TDR
Current	0	0	0
Nonaccrual	0	0	0
Total TDRs	0	0	$ 0
Number of TDR loans
Total TDRs \| loan			0	0
Tax-exempt \| 30-89 Days Past Due
TDR
Past Due	0	0	$ 0
Tax-exempt \| 90 Days or More Past Due
TDR
Past Due	0	0	0
Consumer
TDR
Current	0	46	0
Nonaccrual	0	0	0
Total TDRs	42	46	$ 42
Number of TDR loans
Total TDRs \| loan			0	0
Consumer \| 30-89 Days Past Due
TDR
Past Due	42	0	$ 42
Consumer \| 90 Days or More Past Due
TDR
Past Due	$ 0	$ 0	$ 0

Loans and Asset Quality - Summary of Loans Modified as TDRs That Occurred During Period (Details) $ in Thousands			6 Months Ended
	Jun. 30, 2020 loan	Dec. 31, 2019 loan	Jun. 30, 2020 USD ($) loan	Jun. 30, 2019 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan	13	18	0	1
Pre Modification			$ 0	$ 166
Post Modification			$ 0	$ 166
Real estate \| Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	1
Pre Modification			$ 0	$ 166
Post Modification			$ 0	$ 166
Real estate \| One-to-four family residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	0
Pre Modification			$ 0	$ 0
Post Modification			$ 0	$ 0
Real estate \| Construction and development
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	0
Pre Modification			$ 0	$ 0
Post Modification			$ 0	$ 0
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	0
Pre Modification			$ 0	$ 0
Post Modification			$ 0	$ 0
SBA PPP, net of deferred income
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	0
Pre Modification			$ 0	$ 0
Post Modification			$ 0	$ 0
Tax-exempt
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	0
Pre Modification			$ 0	$ 0
Post Modification			$ 0	$ 0
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loan Count \| loan			0	0
Pre Modification			$ 0	$ 0
Post Modification			$ 0	$ 0

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Deposits [Abstract]
Noninterest-bearing deposits	$ 858,397	$ 584,915
Interest-bearing deposits:
NOW accounts	316,217	331,374
Money market accounts	431,516	367,689
Savings accounts	129,799	103,984
Time deposits $100,000	107,255	110,636
Time deposits $100,000 to $250,000	132,841	131,957
Time deposits $250,000	93,297	90,565
Total interest-bearing deposits	1,210,925	1,136,205
Total Deposits	$ 2,069,322	$ 1,721,120

Other Borrowed Funds (Details) - Line of Credit - USD ($) $ in Millions	May 19, 2020	Apr. 15, 2020
Line of Credit Facility [Line Items]
Proceeds from borrowing		$ 50.0
Debt instrument, term		90 days
Interest rate		0.35%
Repayments of debt	$ 50.0

Leases (Details) $ in Thousands	3 Months Ended		6 Months Ended
Leases (Details) $ in Thousands	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) contract	Jun. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 4,355		$ 4,355		$ 4,553
Lease liabilities	4,419		4,419		$ 4,603
Lease expense	$ 137	$ 137	275	$ 275
Cash paid for amounts included in measurement of lease liabilities for operating leases			$ 260	$ 250
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	3 years		3 years
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	5 years		5 years
Land
Lessee, Lease, Description [Line Items]
Number of contracts \| contract			6

Leases - Operating Lease Information (Details)	Jun. 30, 2020
Leases [Abstract]
Weighted average remaining operating lease term	9 years 9 months 18 days
Weighted average operating lease discount rate	3.40%

Leases - Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
6 months remaining in 2020	$ 260
2021	529
2022	537
2023	539
2024	539
Thereafter	2,815
Total lease payments	5,219
Less: Imputed interest	(800)
Present value of lease liabilities	$ 4,419	$ 4,603

Fair Value - Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	$ 413,246	$ 335,573
Equity securities	4,032	3,936
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Securities AFS	0	0
Equity securities	4,032	3,936
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	14,578	5,089
Securities AFS	413,246	335,573
Equity securities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Securities AFS	0	0
Equity securities	0	0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	14,578	5,089
Equity securities	4,032	3,936
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Equity securities	4,032	3,936
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	14,578	5,089
Equity securities	0	0
Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Equity securities	0	0
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	255,631	235,671
Mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	255,631	235,671
Mortgage-backed securities \| Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Mortgage-backed securities \| Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	255,631	235,671
Mortgage-backed securities \| Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	6,631	7,144
U.S. agency securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	6,631	7,144
U.S. agency securities \| Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
U.S. agency securities \| Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	6,631	7,144
U.S. agency securities \| Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	150,984	92,758
Municipal bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	150,984	92,758
Municipal bonds \| Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Municipal bonds \| Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	150,984	92,758
Municipal bonds \| Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	$ 0	$ 0

Fair Value - Assets Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Specific allowance for loan losses	$ (14,882)	$ (13,937)	$ (12,524)
Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of impaired loans	8,337	9,454
Foreclosed assets remeasured at initial recognition:
Fair value of foreclosed assets	852	1,128
Remeasured Loans \| Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of impaired loans before allowance for loan losses	334	88
Specific allowance for loan losses	(177)	(15)
Fair value of impaired loans	157	73
Foreclosed assets remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement	0	969
Charge-offs	0	(29)
Fair value of foreclosed assets	$ 0	$ 940

Fair Value - Unobservable Inputs Used for the Level 3 (Details) $ in Thousands	Jun. 30, 2020 USD ($)	Dec. 31, 2019 USD ($)
Minimum \| Discounted appraisals \| Collateral discounts and costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0
Foreclosed assets	0
Maximum \| Discounted appraisals \| Collateral discounts and costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	1
Foreclosed assets	0.36
Weighted Average Discount \| Discounted appraisals \| Collateral discounts and costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	0.2265	0.2580
Foreclosed assets		0.0260
Nonrecurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 8,337	$ 9,454
Foreclosed assets	$ 852	$ 1,128

Fair Value - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financial assets:
Securities AFS	$ 413,246	$ 335,573
Equity securities	4,032	3,936
Nonmarketable equity securities	3,441	1,350
Level 1
Financial assets:
Cash and due from banks	31,097	25,937
Interest-bearing deposits in other banks	210,254	107,355
Securities AFS	0	0
Equity securities	4,032	3,936
Nonmarketable equity securities	0	0
Loans HFS	0	0
Loans HFI, net of allowance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	0	0
Accrued interest payable	0	0
Level 2
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Securities AFS	413,246	335,573
Equity securities	0	0
Nonmarketable equity securities	3,441	1,350
Loans HFS	14,578	5,089
Loans HFI, net of allowance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	2,074,560	1,721,286
Accrued interest payable	1,994	2,222
Level 3
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Securities AFS	0	0
Equity securities	0	0
Nonmarketable equity securities	0	0
Loans HFS	0	0
Loans HFI, net of allowance	1,606,075	1,426,163
Accrued interest receivable	6,492	5,251
Financial liabilities:
Deposits	0	0
Accrued interest payable	0	0
Carrying Amount
Financial assets:
Cash and due from banks	31,097	25,937
Interest-bearing deposits in other banks	210,254	107,355
Securities AFS	413,246	335,573
Equity securities	4,032	3,936
Nonmarketable equity securities	3,441	1,350
Loans HFS	14,578	5,089
Loans HFI, net of allowance	1,600,416	1,424,987
Accrued interest receivable	6,492	5,251
Financial liabilities:
Deposits	2,069,322	1,721,120
Accrued interest payable	1,994	2,222
Fair Value
Financial assets:
Cash and due from banks	31,097	25,937
Interest-bearing deposits in other banks	210,254	107,355
Securities AFS	413,246	335,573
Equity securities	4,032	3,936
Nonmarketable equity securities	3,441	1,350
Loans HFS	14,578	5,089
Loans HFI, net of allowance	1,606,075	1,426,163
Accrued interest receivable	6,492	5,251
Financial liabilities:
Deposits	2,074,560	1,721,286
Accrued interest payable	$ 1,994	$ 2,222

Regulatory Capital Requirements - Schedule of Regulatory Requirements (Details) $ in Thousands	Jun. 30, 2020 USD ($)	Dec. 31, 2019 USD ($)
Red River Bank
Total Risk-Based Capital
Actual Amount	$ 253,074	$ 238,021
Actual Ratio	0.1658	0.1623
Regulatory Requirements, Minimum, Amount	$ 122,144	$ 117,325
Regulatory Requirements, Minimum, Ratio	0.0800	0.0800
Regulatory Requirements, Minimum Plus CCB, Amount	$ 160,314	$ 153,989
Regulatory Requirements, Minimum Plus CCB, Ratio	0.1050	0.1050
Tier I Risk-Based Capital
Actual Amount	$ 238,192	$ 224,084
Actual Ratio	0.1560	0.1528
Regulatory Requirements, Minimum, Amount	$ 91,608	$ 87,994
Regulatory Requirements, Minimum, Ratio	0.0600	0.0600
Regulatory Requirements, Minimum Plus CCB, Amount	$ 129,778	$ 124,658
Regulatory Requirements, Minimum Plus CCB, Ratio	0.0850	0.0850
Common Equity Tier I Capital
Actual Amount	$ 238,192	$ 224,084
Actual Ratio	0.1560	0.1528
Regulatory Requirements, Minimum, Amount	$ 68,706	$ 65,995
Regulatory Requirements, Minimum, Ratio	0.0450	0.0450
Regulatory Requirements, Minimum Plus CCB, Ratio	0.0700	0.0700
Regulatory Requirements, Minimum Plus CCB, Ratio	$ 106,876	$ 102,660
Tier I Leverage Capital
Actual Amount	$ 238,192	$ 224,084
Actual Ratio	0.1042	0.1147
Regulatory Requirements, Minimum, Amount	$ 91,473	$ 78,114
Regulatory Requirements, Minimum, Ratio	0.0400	0.0400
Regulatory Requirements, Minimum Plus CCB, Amount	$ 91,473	$ 78,114
Regulatory Requirements, Minimum Plus CCB, Ratio	0.0400	0.0400
Red River Bancshares, Inc.
Total Risk-Based Capital
Actual Amount	$ 278,233	$ 264,313
Actual Ratio	0.1822	0.1802
Tier I Risk-Based Capital
Actual Amount	$ 263,351	$ 250,376
Actual Ratio	0.1725	0.1707
Common Equity Tier I Capital
Actual Amount	$ 263,351	$ 250,376
Actual Ratio	0.1725	0.1707
Tier I Leverage Capital
Actual Amount	$ 263,351	$ 250,376
Actual Ratio	0.1152	0.1282

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income - basic	$ 6,854	$ 5,538	$ 13,599	$ 11,234
Net income - diluted	$ 6,854	$ 5,538	$ 13,599	$ 11,234
Denominator:
Weighted average shares outstanding - basic (in shares)	7,322,532	7,037,834	7,317,906	6,836,278
Weighted average shares outstanding - diluted (in shares)	7,348,772	7,074,769	7,350,910	6,874,560
Earnings per common share:
Basic (in dollars per share)	$ 0.94	$ 0.79	$ 1.86	$ 1.64
Diluted (in dollars per share)	$ 0.93	$ 0.78	$ 1.85	$ 1.63
Plus: Effect of Director Stock Compensation Program
Denominator:
Effect of dilutive securities (in shares)	869	590	800	1,073
Plus: Effect of stock options and restricted stock
Denominator:
Effect of dilutive securities (in shares)	25,371	36,345	32,204	37,209