$BFST
Business First Bancshares Inc

2024 Q3 Form 10-Q Financial Statement

#000162432224000011 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.723M $2.537M
YoY Change 7.2% 5.14%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.219M
YoY Change 2.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $22.77M $21.77M
YoY Change -12.3% -13.09%
Income Tax $4.930M $4.559M
% Of Pretax Income 21.65% 20.95%
Net Earnings $16.49M $17.21M
YoY Change -19.37% -12.83%
Net Earnings / Revenue 605.66% 678.2%
Basic Earnings Per Share $0.65 $0.63
Diluted Earnings Per Share $0.65 $0.62
COMMON SHARES
Basic Shares Outstanding 25.50M shares 25.49M shares
Diluted Shares Outstanding 25.44M shares 25.40M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $213.2M $208.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $67.62M $68.55M
YoY Change 4.55% 8.74%
Goodwill $91.53M $91.53M
YoY Change 3.55% 3.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.85M $25.89M
YoY Change -39.91% -18.08%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.889B $6.704B
YoY Change 6.16% 3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.752M $4.517M
YoY Change -66.5% -41.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $21.53M $18.45M
YoY Change -7.6% -20.5%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.28M $22.96M
YoY Change -26.72% -25.69%
LONG-TERM LIABILITIES
Long-Term Debt $104.8M $104.9M
YoY Change -74.12% -74.35%
Other Long-Term Liabilities $50.88M $42.64M
YoY Change 27.2% 14.33%
Total Long-Term Liabilities $155.7M $147.5M
YoY Change -65.01% -66.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.28M $22.96M
Total Long-Term Liabilities $155.7M $147.5M
Total Liabilities $6.189B $6.039B
YoY Change 5.18% 3.17%
SHAREHOLDERS EQUITY
Retained Earnings $250.0M $237.0M
YoY Change 21.82% 25.34%
Common Stock $423.8M $423.4M
YoY Change 0.54% 0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $699.5M $664.5M
YoY Change
Total Liabilities & Shareholders Equity $6.889B $6.704B
YoY Change 6.16% 3.86%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $16.49M $17.21M
YoY Change -19.37% -12.83%
Depreciation, Depletion And Amortization $1.219M
YoY Change 2.44%
Cash From Operating Activities $15.06M
YoY Change -41.61%
INVESTING ACTIVITIES
Capital Expenditures $1.055M
YoY Change 559.37%
Acquisitions
YoY Change
Other Investing Activities $23.92M
YoY Change -115.88%
Cash From Investing Activities $22.87M
YoY Change -115.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.79M
YoY Change -110.8%
NET CHANGE
Cash From Operating Activities 15.06M
Cash From Investing Activities 22.87M
Cash From Financing Activities -15.79M
Net Change In Cash 22.15M
YoY Change 4.46%
FREE CASH FLOW
Cash From Operating Activities $15.06M
Capital Expenditures $1.055M
Free Cash Flow $14.01M
YoY Change -45.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
960990000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
963978000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
875048000 usd
CY2024Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
680000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
40414000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
5121440000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
4952371000 usd
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1685000 usd
CY2024Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
100684000 usd
CY2023Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
96478000 usd
CY2024Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
25888000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
27323000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
91527000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
88391000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
15419000 usd
CY2024Q2 us-gaap Assets
Assets
6703889000 usd
CY2023Q4 us-gaap Assets
Assets
6584550000 usd
CY2024Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1310204000 usd
CY2023Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1299090000 usd
CY2024Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
4253466000 usd
CY2023Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
3949700000 usd
CY2024Q2 us-gaap Deposits
Deposits
5563670000 usd
CY2023Q4 us-gaap Deposits
Deposits
5248790000 usd
CY2024Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
18445000 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
18885000 usd
CY2024Q2 bfst Secured Loan Under Bank Term Funding Program
SecuredLoanUnderBankTermFundingProgram
0 usd
CY2023Q4 bfst Secured Loan Under Bank Term Funding Program
SecuredLoanUnderBankTermFundingProgram
300000000 usd
CY2024Q2 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
305208000 usd
CY2024Q2 us-gaap Subordinated Debt
SubordinatedDebt
99875000 usd
CY2023Q4 us-gaap Subordinated Debt
SubordinatedDebt
99990000 usd
CY2024Q2 bfst Trust Preferred Securities
TrustPreferredSecurities
5000000 usd
CY2023Q4 bfst Trust Preferred Securities
TrustPreferredSecurities
5000000 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
4517000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14841000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
41587000 usd
CY2024Q2 us-gaap Liabilities
Liabilities
6039359000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
5940291000 usd
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2024Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72010 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
72010 shares
CY2023Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000 usd
CY2024Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000 usd
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
71930000 usd
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
397851000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
397447000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
237031000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
216115000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-67784000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-66585000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
664530000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
644259000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6703889000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6584550000 usd
CY2024Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
90604000 usd
CY2023Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
79223000 usd
CY2022 us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
http://fasb.org/us-gaap/2024#AccountingStandardsUpdate201613Member
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
879571000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
835000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
41412000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68545000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69480000 usd
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
30617000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
29916000 usd
CY2024Q2 bfst Other Equity Securities Fair Value Disclosure
OtherEquitySecuritiesFairValueDisclosure
38805000 usd
CY2023Q4 bfst Other Equity Securities Fair Value Disclosure
OtherEquitySecuritiesFairValueDisclosure
33942000 usd
CY2024Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1983000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10849000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11895000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
16185000 usd
CY2023Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
211198000 usd
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
42644000 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
71930000 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25502175 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25502175 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25351809 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25351809 shares
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
25502000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
25352000 usd
CY2024Q2 bfst Interest And Dividend Income On Non Taxable Securities Operating
InterestAndDividendIncomeOnNonTaxableSecuritiesOperating
1076000 usd
CY2023Q2 bfst Interest And Dividend Income On Non Taxable Securities Operating
InterestAndDividendIncomeOnNonTaxableSecuritiesOperating
1101000 usd
CY2024Q2 bfst Interest And Dividend Income Taxable Securities Operating
InterestAndDividendIncomeTaxableSecuritiesOperating
4857000 usd
CY2023Q2 bfst Interest And Dividend Income Taxable Securities Operating
InterestAndDividendIncomeTaxableSecuritiesOperating
3996000 usd
CY2024Q2 bfst Interest On Federal Funds Sold And Due From Banks
InterestOnFederalFundsSoldAndDueFromBanks
3333000 usd
CY2023Q2 bfst Interest On Federal Funds Sold And Due From Banks
InterestOnFederalFundsSoldAndDueFromBanks
1528000 usd
CY2024Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
99870000 usd
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
85848000 usd
CY2024Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
40900000 usd
CY2023Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
23680000 usd
CY2024Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4961000 usd
CY2023Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
8842000 usd
CY2024Q2 us-gaap Interest Expense Operating
InterestExpenseOperating
45861000 usd
CY2023Q2 us-gaap Interest Expense Operating
InterestExpenseOperating
32522000 usd
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
54009000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
53326000 usd
CY2024Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1310000 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
538000 usd
CY2024Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
52699000 usd
CY2023Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
52788000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2537000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2413000 usd
CY2024Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 usd
CY2023Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-61000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
2460000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
494000 usd
CY2024Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
7179000 usd
CY2023Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
9112000 usd
CY2024Q2 us-gaap Noninterest Income
NoninterestIncome
12176000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
11958000 usd
CY2024Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
25523000 usd
CY2023Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
22339000 usd
CY2024Q2 us-gaap Occupancy Net
OccupancyNet
5717000 usd
CY2023Q2 us-gaap Occupancy Net
OccupancyNet
5112000 usd
CY2024Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
11870000 usd
CY2023Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
12251000 usd
CY2024Q2 us-gaap Noninterest Expense
NoninterestExpense
43110000 usd
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
39702000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21765000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25044000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4559000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5305000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
17206000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19739000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1350000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1350000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15856000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18389000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
17206000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19739000 usd
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
4881000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-15612000 usd
CY2024Q2 bfst Oci Equity Securities Availableforsale Unrealized Holding Gain Loss Before Adjustment And Tax
OciEquitySecuritiesAvailableforsaleUnrealizedHoldingGainLossBeforeAdjustmentAndTax
0 usd
CY2023Q2 bfst Oci Equity Securities Availableforsale Unrealized Holding Gain Loss Before Adjustment And Tax
OciEquitySecuritiesAvailableforsaleUnrealizedHoldingGainLossBeforeAdjustmentAndTax
-1309000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-61000 usd
CY2024Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
1031000 usd
CY2023Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-3562000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3850000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13298000 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
21056000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6441000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
597690000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19739000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13298000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
18.75
CY2023Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1350000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3035000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
1222000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
600968000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
649034000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
17206000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3850000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
18.75
CY2024Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1350000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3567000 usd
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-31000 usd
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-31000 usd
CY2024Q2 bfst Shares Issued Value Share Based Payment Arrangement Before Forfeiture Net Of Taxes On Rsa Activity
SharesIssuedValueShareBasedPaymentArrangementBeforeForfeitureNetOfTaxesOnRSAActivity
-612000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
664530000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
580481000 usd
us-gaap Net Income Loss
NetIncomeLoss
34764000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7092000 usd
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
37.50
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2700000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6077000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
2419000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
600968000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
644259000 usd
us-gaap Net Income Loss
NetIncomeLoss
30776000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1199000 usd
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
37.50
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2700000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7160000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-31000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
585000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
664530000 usd
us-gaap Net Income Loss
NetIncomeLoss
34764000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3760000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2381000 usd
bfst Business Acquisition Amortization Accretion Fair Market Value Adjustments
BusinessAcquisitionAmortizationAccretionFairMarketValueAdjustments
-4208000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2419000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-2200000 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-62000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
288000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3552000 usd
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
223000 usd
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1071000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1762000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
701000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
561000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-10324000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1224000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22667000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
43902000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
13519000 usd
bfst Proceeds From Repayments Of Investment Securities Available For Sale
ProceedsFromRepaymentsOfInvestmentSecuritiesAvailableForSale
32182000 usd
bfst Net Cash Paid In Acquisition
NetCashPaidInAcquisition
3279000 usd
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
4166000 usd
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
12873000 usd
bfst Redemption Of Other Equity Securities
RedemptionOfOtherEquitySecurities
442000 usd
bfst Redemption Of Other Equity Securities
RedemptionOfOtherEquitySecurities
17625000 usd
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
3000000 usd
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
2273000 usd
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
167600000 usd
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
286502000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1444000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2241000 usd
bfst Loss On Disposal Of Property Plant And Equipment
LossOnDisposalOfPropertyPlantAndEquipment
7000 usd
bfst Loss On Disposal Of Property Plant And Equipment
LossOnDisposalOfPropertyPlantAndEquipment
0 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
409000 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1126000 usd
us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
37547000 usd
us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
-158244000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-139285000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-440216000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
314880000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
194098000 usd
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-440000 usd
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
3022000 usd
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
0 usd
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
14057000 usd
bfst Net Repayments Advances Of Federal Home Loan Bank Borrowings
NetRepaymentsAdvancesOfFederalHomeLoanBankBorrowings
94010000 usd
bfst Net Repayments Advances Of Federal Home Loan Bank Borrowings
NetRepaymentsAdvancesOfFederalHomeLoanBankBorrowings
-47938000 usd
bfst Net Proceeds Repayments On Bank Term Funding Program
NetProceedsRepaymentsOnBankTermFundingProgram
-300000000 usd
bfst Net Proceeds Repayments On Bank Term Funding Program
NetProceedsRepaymentsOnBankTermFundingProgram
300000000 usd
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
0 usd
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
5700000 usd
bfst Gain Loss On Extinguishment Of Debt Financing Activities
GainLossOnExtinguishmentOfDebtFinancingActivities
0 usd
bfst Gain Loss On Extinguishment Of Debt Financing Activities
GainLossOnExtinguishmentOfDebtFinancingActivities
941000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
31000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2700000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2700000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7160000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6077000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
98559000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
419707000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18059000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28232000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
226110000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
152740000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
208051000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
180972000 usd
bfst Interest On Deposits
InterestOnDeposits
79390000 usd
bfst Interest On Deposits
InterestOnDeposits
41079000 usd
bfst Interest Paid On Borrowings Net
InterestPaidOnBorrowingsNet
21275000 usd
bfst Interest Paid On Borrowings Net
InterestPaidOnBorrowingsNet
12612000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
5391000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
4291000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-1535000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-7549000 usd
bfst Oci Equity Securities Availableforsale Unrealized Holding Gain Loss Before Adjustment And Tax
OciEquitySecuritiesAvailableforsaleUnrealizedHoldingGainLossBeforeAdjustmentAndTax
14000 usd
bfst Oci Equity Securities Availableforsale Unrealized Holding Gain Loss Before Adjustment And Tax
OciEquitySecuritiesAvailableforsaleUnrealizedHoldingGainLossBeforeAdjustmentAndTax
-1443000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-322000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-1900000 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
642000 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
1118000 usd
CY2024Q2 bfst Number Of Subsidiaries
NumberOfSubsidiaries
2 subsidiary
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Critical accounting estimates that are particularly susceptible to significant change for the Company include the determination of the acquired loans and allowance for credit losses and purchase accounting adjustments (other than loans). Other estimates include goodwill, fair value of financial instruments, investment securities and the assessment of income taxes. Management does not anticipate any material changes to estimates in the near term. Factors that may cause sensitivity to the aforementioned estimates include but are not limited to: external market factors such as market interest rates and employment rates, changes to operating policies and procedures, economic conditions in the Company’s markets, and changes in applicable banking regulations. Actual results may ultimately differ from estimates.</span></div>
us-gaap Reclassifications
Reclassifications
Reclassifications –<div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications may have been made to conform to reporting in 2024. These reclassifications have no material effect on previously reported shareholders’ equity or net income.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications may have been made to conform to reporting in 2024. These reclassifications have no material effect on previously reported shareholders’ equity or net income.</span></div>
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1100000 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
236000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
17206000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
19739000 usd
us-gaap Net Income Loss
NetIncomeLoss
30776000 usd
us-gaap Net Income Loss
NetIncomeLoss
34764000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1350000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1350000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2700000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2700000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15856000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18389000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28076000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32064000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25265495 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25101683 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25196079 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25041124 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
130119 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
231689 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
216063 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
237021 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25395614 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25333372 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25412142 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25278145 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.28
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.27
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
960990000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1088000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
87030000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
875048000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
963978000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1274000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
85681000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
879571000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
88174000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
826000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
698382000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
86204000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
786556000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
87030000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
36978000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1320000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
708113000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
84361000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
745091000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
85681000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
26564000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
26177000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
181991000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
169315000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
371519000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
335500000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
380916000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
344056000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
960990000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
875048000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
4800000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
4700000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
5162852000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4992785000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
41412000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
40414000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
5121440000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
4952371000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
13200000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
12600000 usd
CY2023Q4 bfst Loans And Leases Receivable Reclassified From Overdraft
LoansAndLeasesReceivableReclassifiedFromOverdraft
2200000 usd
CY2024Q2 bfst Loans And Leases Receivable Reclassified From Overdraft
LoansAndLeasesReceivableReclassifiedFromOverdraft
2200000 usd
CY2024Q2 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
741100000 usd
CY2023Q4 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
723500000 usd
CY2024Q2 us-gaap Servicing Asset
ServicingAsset
1100000 usd
CY2023Q4 us-gaap Servicing Asset
ServicingAsset
1100000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
40414000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
1959000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
232000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
2725000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
41412000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
3324000 usd
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-229000 usd
CY2024Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
3095000 usd
CY2024Q2 bfst Financing Receivable Allowance For Credit Loss And Off Balance Sheet And Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossAndOffBalanceSheetAndUnfundedLoanCommitments
44507000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
38178000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
6429000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
1044000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
4961000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
40414000 usd
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
605000 usd
CY2023 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-478000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
3324000 usd
CY2023Q4 bfst Financing Receivable Allowance For Credit Loss And Off Balance Sheet And Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossAndOffBalanceSheetAndUnfundedLoanCommitments
43738000 usd
CY2024Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
10008000 usd
CY2024Q2 bfst Financing Receivables Allowance For Credit Losses Individually Evaluated For Impairment
FinancingReceivablesAllowanceForCreditLossesIndividuallyEvaluatedForImpairment
726000 usd
CY2023Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
4750000 usd
CY2023Q4 bfst Financing Receivables Allowance For Credit Losses Individually Evaluated For Impairment
FinancingReceivablesAllowanceForCreditLossesIndividuallyEvaluatedForImpairment
513000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
5162852000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
1959000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4992785000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
6429000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
1400000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
127000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
21000000.0 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
16900000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
5162852000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
1355000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4992785000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest90 Days Or More Past Due Still Accruing
FinancingReceivableExcludingAccruedInterest90DaysOrMorePastDueStillAccruing
127000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
21008000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
16943000 usd
CY2024Q2 bfst Financing Receivable Accrued Interest Receivable Loans Deferrals
FinancingReceivableAccruedInterestReceivableLoansDeferrals
4200000 usd
CY2023Q4 bfst Financing Receivable Accrued Interest Receivable Loans Deferrals
FinancingReceivableAccruedInterestReceivableLoansDeferrals
4200000 usd
CY2024Q2 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
25900000 usd
CY2023Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
25200000 usd
CY2022Q1 bfst Debt Instrument Number Of Tranches
DebtInstrumentNumberOfTranches
3 tranche
CY2024Q2 bfst Advances From Federal Home Loan Banks Net Of Unaccreted Market Value Adjustment
AdvancesFromFederalHomeLoanBanksNetOfUnaccretedMarketValueAdjustment
305200000 usd
CY2023Q4 bfst Advances From Federal Home Loan Banks Net Of Unaccreted Market Value Adjustment
AdvancesFromFederalHomeLoanBanksNetOfUnaccretedMarketValueAdjustment
211200000 usd
CY2024Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
1200000000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
3000000.0 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
2800000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0337
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2379000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3869000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3624000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3388000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3068000 usd
CY2024Q2 bfst Lessee Operating Lease Liability To Be Paid Year Five And Thereafter
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndThereafter
5523000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21851000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2194000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
19657000 usd
CY2024Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
3100000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
3300000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001624322-24-000011-index-headers.html Edgar Link pending
0001624322-24-000011-index.html Edgar Link pending
0001624322-24-000011.txt Edgar Link pending
0001624322-24-000011-xbrl.zip Edgar Link pending
bfst-20240630.htm Edgar Link pending
bfst-20240630.xsd Edgar Link pending
bfst-20240630xexx311.htm Edgar Link pending
bfst-20240630xexx312.htm Edgar Link pending
bfst-20240630xexx321.htm Edgar Link pending
ex103-changeincontrolagr.htm Edgar Link pending
ex103-changeincontrolagr001.jpg Edgar Link pending
ex103-changeincontrolagr002.jpg Edgar Link pending
ex103-changeincontrolagr003.jpg Edgar Link pending
ex103-changeincontrolagr004.jpg Edgar Link pending
ex103-changeincontrolagr005.jpg Edgar Link pending
ex103-changeincontrolagr006.jpg Edgar Link pending
ex103-changeincontrolagr007.jpg Edgar Link pending
ex103-changeincontrolagr008.jpg Edgar Link pending
ex103-changeincontrolagr009.jpg Edgar Link pending
ex103-changeincontrolagr010.jpg Edgar Link pending
ex103-changeincontrolagr011.jpg Edgar Link pending
ex104-retentionagreement.htm Edgar Link pending
ex104-retentionagreement001.jpg Edgar Link pending
ex104-retentionagreement002.jpg Edgar Link pending
ex104-retentionagreement003.jpg Edgar Link pending
ex104-retentionagreement004.jpg Edgar Link pending
ex105-serpparticipationa.htm Edgar Link pending
ex105-serpparticipationa001.jpg Edgar Link pending
ex105-serpparticipationa002.jpg Edgar Link pending
ex105-serpparticipationa003.jpg Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
bfst-20240630_htm.xml Edgar Link completed
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
bfst-20240630_cal.xml Edgar Link unprocessable
bfst-20240630_def.xml Edgar Link unprocessable
bfst-20240630_pre.xml Edgar Link unprocessable
bfst-20240630_lab.xml Edgar Link unprocessable