ADDED
istr20251231_10k.htm 0001602658 Investar Holding Corporation false --12-31 FY 2025 true true true false The Board is responsible for oversight of risks from cybersecurity threats.
Oversight of cybersecurity risk management is performed primarily by the Board and the IT Committee.
The IT Committee s primary purpose is to assist the Board in its oversight of technology and innovation strategies, plans and operations related to cybersecurity, data privacy, and third-party technology risk management.
Of the IT Committee members who are not Board members, only our CIO and CISO are responsible for assessing and managing cybersecurity risks, and the other committee members are responsible for oversight.
The CISO provides monthly information security reports to the Board and IT Committee on cybersecurity programs, policies and controls, key risk indicators and trends including responses to any cybersecurity events, and efforts to improve security.
The CISO also provides the Board with an annual Information Security Program Summary Report in compliance with federal banking guidelines.
The Board is responsible for oversight of risks from cybersecurity threats.
Oversight of cybersecurity risk management is performed primarily by the Board and the IT Committee.
The IT Committee s primary purpose is to assist the Board in its oversight of technology and innovation strategies, plans and operations related to cybersecurity, data privacy, and third-party technology risk management.
Of the IT Committee members who are not Board members, only our CIO and CISO are responsible for assessing and managing cybersecurity risks, and the other committee members are responsible for oversight.
REMOVED
Fair values determined through valuation analysis using coupon, yield (discount margin), liquidity and expected repayment dates.
At December 31, 2023 the Company had notional amounts of $174.9 million in interest rate swap contracts with customers and $174.9 million in offsetting interest rate swap contracts with other financial institutions.
Other real estate owned that was remeasured during the period had a carrying value of $0.9 million at December 31, 2024.
During the year ended December 31, 2024, the Company recorded a $0.2 million write-down of other real estate owned, which is included as part of Other operating expenses in noninterest expense on the accompanying consolidated statement of income.
Derivative assets and liabilities are reported at fair value in Other assets and Accrued taxes and other liabilities , respectively, in the accompanying consolidated balance sheets.
Loans individually evaluated that were re-measured during the period had a carrying value of $2.4 million and $1.8 million at December 31, 2024 and December 31, 2023, respectively, with related ACL of $0.2 million and $0.5 million as of such dates.
On January 1, 2023, the Company adopted ASU 2016-13, which introduced a new model known as CECL.
Amounts as of December 31, 2023 reflect the impact of adopting the CECL accounting standard and the Company s transition from a probable incurred loss methodology to the current expected credit loss methodology.
Prior period amounts represent the allowance for loan losses under the probable incurred loss methodology.
2027 Notes 6.00% Fixed-to-Floating Rate Subordinated Notes due 2027 2029 Notes 5.125% Fixed-to-Floating Rate Subordinated Notes due 2029 2032 Notes 5.125% Fixed-to-Floating Rate Subordinated Notes due 2032 ACL Allowance For Credit Losses AFS Available For Sale AI Artificial Intelligence ALCO Asset/Liability Committee ASC Accounting Standards Codification ASU Accounting Standards Update ATM Automated Teller Machine Bank Investar Bank, National Association Board Board of Directors of Investar Holding Corporation BOJ BOJ Bancshares, Inc.