2023 Q4 Form 10-Q Financial Statement

#000107123623000083 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $32.04M $30.32M
YoY Change 18.75% 21.85%
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 $716.0K $680.0K
YoY Change 4.22% 6.58%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $10.75M $9.599M
YoY Change 224.88% 433.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $10.21M $9.891M
YoY Change -18.08% -19.68%
Income Tax $1.916M $1.870M
% Of Pretax Income 18.77% 18.91%
Net Earnings $8.292M $8.021M
YoY Change -18.63% -21.25%
Net Earnings / Revenue 25.88% 26.45%
Basic Earnings Per Share $1.16 $1.12
Diluted Earnings Per Share $1.16 $1.12
COMMON SHARES
Basic Shares Outstanding 7.132M shares 7.175M shares
Diluted Shares Outstanding 7.180M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $305.4M $322.2M
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 $60.72M $56.47M
YoY Change 11.65% -1.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.129B $3.066B
YoY Change 1.5% 0.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.000M $6.800M
YoY Change 411.84% 469.51%
Accrued Expenses $15.07M $17.50M
YoY Change -8.29% -5.8%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.07M $24.30M
YoY Change 28.19% 22.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $23.07M $24.30M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.825B $2.784B
YoY Change 0.28% -1.14%
SHAREHOLDERS EQUITY
Retained Earnings $306.8M $299.1M
YoY Change 11.65% 12.82%
Common Stock $55.14M $58.03M
YoY Change -8.18% -3.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $303.9M $282.0M
YoY Change
Total Liabilities & Shareholders Equity $3.129B $3.066B
YoY Change 1.5% 0.21%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $8.292M $8.021M
YoY Change -18.63% -21.25%
Depreciation, Depletion And Amortization $716.0K $680.0K
YoY Change 4.22% 6.58%
Cash From Operating Activities $8.091M $14.10M
YoY Change -23.12% -17.77%
INVESTING ACTIVITIES
Capital Expenditures $1.206M $1.460M
YoY Change -43.19% -224.04%
Acquisitions
YoY Change
Other Investing Activities -$62.20M $53.51M
YoY Change 88.35% -413.03%
Cash From Investing Activities -$63.39M $52.04M
YoY Change 80.38% -384.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 38.53M 33.98M
YoY Change 1887.31% -162.69%
NET CHANGE
Cash From Operating Activities 8.091M 14.10M
Cash From Investing Activities -63.39M 52.04M
Cash From Financing Activities 38.53M 33.98M
Net Change In Cash -16.77M 100.1M
YoY Change -26.08% -280.96%
FREE CASH FLOW
Cash From Operating Activities $8.091M $14.10M
Capital Expenditures $1.206M $1.460M
Free Cash Flow $6.885M $12.64M
YoY Change -18.05% -31.02%

Facts In Submission

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2625000 usd
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CY2023Q2 us-gaap Stockholders Equity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q3 us-gaap Dividends Common Stock Cash
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572000 usd
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CY2023Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Depreciation
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us-gaap Adjustment For Amortization
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us-gaap Share Based Compensation
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us-gaap Gain Loss On Sale Of Other Assets
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us-gaap Gain Loss On Sale Of Other Assets
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us-gaap Debt Securities Available For Sale Gain Loss
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us-gaap Debt Securities Available For Sale Gain Loss
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us-gaap Provision For Loan Losses Expensed
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us-gaap Deferred Income Tax Expense Benefit
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1537000 usd
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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ProceedsFromSaleOfNonmarketableEquitySecurities
2178000 usd
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rrbi Payment To Acquire Nonmarketable Equity Securities
PaymentToAcquireNonmarketableEquitySecurities
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us-gaap Repayments Of Other Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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1720000 usd
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
278392000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
784864000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322199000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301073000 usd
us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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4545000 usd
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us-gaap Income Taxes Paid
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4766000 usd
us-gaap Fair Value Of Assets Acquired
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us-gaap Fair Value Of Assets Acquired
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rrbi Debt Securities Held To Maturity Transfer From Debt Securities Available For Sale Prior To Market Value Adjustment Amount
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rrbi Debt Securities Held To Maturity Transfer From Debt Securities Available For Sale Prior To Market Value Adjustment Amount
DebtSecuritiesHeldToMaturityTransferFromDebtSecuritiesAvailableForSalePriorToMarketValueAdjustmentAmount
184238000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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.
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:7pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Critical Accounting Policies and Estimates </span></div><div style="margin-top:7pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">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. </span></div><div style="margin-top:7pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">On January 1, 2023, the Company adopted </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">, which significantly changed the impairment model for most financial assets that are measured at amortized cost, including loans HFI, securities, and unfunded commitments, from an incurred loss model to an expected loss model. Accounting policies related to the allowance for credit losses are considered critical as these policies involve considerable subjective judgment and estimation by management. Changes in factors and forecasts used in evaluating the overall loan portfolio may result in significant changes in the allowance for credit losses and related provision expense in future periods. The allowance level is influenced by loan portfolio growth, changes in the quality and composition of the loan portfolio, the level of nonperforming loans, delinquency and charge-off trends, current economic conditions, forecasted information, and other conditions influencing loss expectations. Changes to the assumptions in the model in future periods could have a material impact on the Company’s Consolidated Financial Statements. Refer to “- Accounting Standards Adopted in 2023” for a detailed discussion on the Company’s methodologies for estimating expected credit losses.</span></div>
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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us-gaap Debt Securities Unrealized Gain Loss
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58778000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
84066000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
75198000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
367122000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
297851000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
612364000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
529046000 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
0 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
0 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
0 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
0 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
919000 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
776000 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
142501000 usd
CY2023Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
116431000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
143420000 usd
CY2023Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
117207000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2023Q3 rrbi Debt Securities Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAccruedInterestBeforeAllowanceForCreditLoss
2600000 usd
CY2022Q4 rrbi Debt Securities Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAccruedInterestBeforeAllowanceForCreditLoss
3000000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
517000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
18529000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
82807000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
508420000 usd
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
0 usd
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
0 usd
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
26213000 usd
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
117207000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
26014000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
331117000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
48124000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
282149000 usd
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
19276000 usd
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
132407000 usd
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0 usd
CY2023Q3 rrbi Debt Securities Held To Maturity Unrealized Loss Position Number Of Positions
DebtSecuritiesHeldToMaturityUnrealizedLossPositionNumberOfPositions
554 security
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
554 security
CY2023Q3 rrbi Debt Securities Available For Sale Unrealized Loss Position Percent Of Total Debt Securities Available For Sale
DebtSecuritiesAvailableForSaleUnrealizedLossPositionPercentOfTotalDebtSecuritiesAvailableForSale
0.1449
CY2023Q3 rrbi Debt Securities Available For Sale Unrealized Loss Position Percent Of Total Debt Securities Held To Maturity
DebtSecuritiesAvailableForSaleUnrealizedLossPositionPercentOfTotalDebtSecuritiesHeldToMaturity
0.1449
CY2023Q3 rrbi Proceeds From Sale Of Debt Securities
ProceedsFromSaleOfDebtSecurities
0 usd
CY2022Q3 rrbi Proceeds From Sale Of Debt Securities
ProceedsFromSaleOfDebtSecurities
731000 usd
rrbi Proceeds From Sale Of Debt Securities
ProceedsFromSaleOfDebtSecurities
0 usd
rrbi Proceeds From Sale Of Debt Securities
ProceedsFromSaleOfDebtSecurities
41234000 usd
CY2023Q3 rrbi Debt Securities Realized Gain
DebtSecuritiesRealizedGain
0 usd
CY2022Q3 rrbi Debt Securities Realized Gain
DebtSecuritiesRealizedGain
16000 usd
rrbi Debt Securities Realized Gain
DebtSecuritiesRealizedGain
0 usd
rrbi Debt Securities Realized Gain
DebtSecuritiesRealizedGain
64000 usd
CY2023Q3 rrbi Debt Securities Realized Loss
DebtSecuritiesRealizedLoss
0 usd
CY2022Q3 rrbi Debt Securities Realized Loss
DebtSecuritiesRealizedLoss
0 usd
rrbi Debt Securities Realized Loss
DebtSecuritiesRealizedLoss
0 usd
rrbi Debt Securities Realized Loss
DebtSecuritiesRealizedLoss
123000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
10000000 usd
CY2022 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-468000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
7000000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2800000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-145000 usd
CY2023Q3 rrbi Debt Securities Available For Sale And Held To Maturity Pledged As Collateral
DebtSecuritiesAvailableForSaleAndHeldToMaturityPledgedAsCollateral
232700000 usd
CY2022Q4 rrbi Debt Securities Available For Sale And Held To Maturity Pledged As Collateral
DebtSecuritiesAvailableForSaleAndHeldToMaturityPledgedAsCollateral
191200000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1948606000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1916267000 usd
CY2023Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
2348000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
518000 usd
CY2023Q3 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
6000000 usd
CY2022Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
5800000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
20628000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
485000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
348000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
140000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
21183000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
19176000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1750000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
547000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
249000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
20628000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
711000 usd
CY2023Q3 rrbi Financing Receivable Nonaccrual With Related Allowance
FinancingReceivableNonaccrualWithRelatedAllowance
1113000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
1824000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1948606000 usd
CY2023Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
222000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
2364000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1916267000 usd
CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
5348000 usd
CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5269000 usd
CY2022 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
4162000 usd
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
2310000 usd
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2299000 usd
CY2022Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
314000 usd
CY2022 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
2057000 usd
CY2022Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
7658000 usd
CY2022Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7568000 usd
CY2022Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
314000 usd
CY2022 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6219000 usd
CY2022 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
252000 usd
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6 loan
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
827000 usd
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
831000 usd
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
275637000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
550246000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
463011000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
205228000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
117221000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
191739000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
145524000 usd
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1948606000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
7000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
15000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
9000 usd
us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
2000 usd
us-gaap Financing Receivable Excluding Accrued Interest Revolving Writeoff
FinancingReceivableExcludingAccruedInterestRevolvingWriteoff
315000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
348000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
1916267000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-39000000 usd
CY2023Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
972155000 usd
CY2022Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
1090539000 usd
CY2023Q3 us-gaap Interest Bearing Domestic Deposit Demand
InterestBearingDomesticDepositDemand
145764000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Demand
InterestBearingDomesticDepositDemand
89144000 usd
CY2023Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
382047000 usd
CY2022Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
503308000 usd
CY2023Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
531740000 usd
CY2022Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
578161000 usd
CY2023Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
178933000 usd
CY2022Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
195479000 usd
CY2023Q3 rrbi Time Deposits Less Than Or Equal To250000
TimeDepositsLessThanOrEqualTo250000
380564000 usd
CY2022Q4 rrbi Time Deposits Less Than Or Equal To250000
TimeDepositsLessThanOrEqualTo250000
250875000 usd
CY2023Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
168690000 usd
CY2022Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
91430000 usd
CY2023Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1787738000 usd
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1708397000 usd
CY2023Q3 us-gaap Deposits
Deposits
2759893000 usd
CY2022Q4 us-gaap Deposits
Deposits
2798936000 usd
CY2023Q3 rrbi Securities And Federal Home Loan Banks Letters Of Credit Pledged As Collateral
SecuritiesAndFederalHomeLoanBanksLettersOfCreditPledgedAsCollateral
210000000 usd
CY2022Q4 rrbi Securities And Federal Home Loan Banks Letters Of Credit Pledged As Collateral
SecuritiesAndFederalHomeLoanBanksLettersOfCreditPledgedAsCollateral
268600000 usd
CY2023Q3 us-gaap Other Borrowings
OtherBorrowings
0 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8021000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10186000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26587000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26725000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8021000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10186000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26587000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26725000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7168413 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7183915 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7176219 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7179984 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7180084 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7197100 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7188371 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7193958 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.72
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.71
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
23561 shares
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1200000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
42250 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2100000 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2900000 usd
CY2022Q2 rrbi Debt Securities Transferred Securities Of Available For Sale And Held To Maturity Amount
DebtSecuritiesTransferredSecuritiesOfAvailableForSaleAndHeldToMaturityAmount
166300000 usd
CY2022Q2 rrbi Aoci Debt Securities Transferred Securities Of Available For Sale And Held To Maturity Unamortized Unrealized Gain Loss
AOCIDebtSecuritiesTransferredSecuritiesOfAvailableForSaleAndHeldToMaturityUnamortizedUnrealizedGainLoss
-17900000 usd
CY2022Q2 rrbi Aoci Debt Securities Transferred Securities Of Available For Sale And Held To Maturity Unamortized Unrealized Gain Loss
AOCIDebtSecuritiesTransferredSecuritiesOfAvailableForSaleAndHeldToMaturityUnamortizedUnrealizedGainLoss
-17900000 usd
CY2022Q2 rrbi Aoci Debt Securities Transferred Securities Of Available For Sale And Held To Maturity Unamortized Unrealized Gain Loss Net Of Tax
AOCIDebtSecuritiesTransferredSecuritiesOfAvailableForSaleAndHeldToMaturityUnamortizedUnrealizedGainLossNetOfTax
-14200000 usd
CY2023Q3 rrbi Aoci Debt Securities Transferred Securities Of Available For Sale And Held To Maturity Unamortized Unrealized Gain Loss
AOCIDebtSecuritiesTransferredSecuritiesOfAvailableForSaleAndHeldToMaturityUnamortizedUnrealizedGainLoss
-14800000 usd
CY2023Q3 rrbi Aoci Debt Securities Transferred Securities Of Available For Sale And Held To Maturity Unamortized Unrealized Gain Loss Net Of Tax
AOCIDebtSecuritiesTransferredSecuritiesOfAvailableForSaleAndHeldToMaturityUnamortizedUnrealizedGainLossNetOfTax
-11700000 usd
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
rrbi-20230930_cal.xml Edgar Link unprocessable
rrbi-20230930_def.xml Edgar Link unprocessable
0001071236-23-000083-index-headers.html Edgar Link pending
0001071236-23-000083-index.html Edgar Link pending
0001071236-23-000083.txt Edgar Link pending
0001071236-23-000083-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
rrbi-20230930.htm Edgar Link pending
rrbi-20230930.xsd Edgar Link pending
rrbiexhibit311q32023.htm Edgar Link pending
rrbiexhibit312q32023.htm Edgar Link pending
rrbiexhibit321q32023.htm Edgar Link pending
rrbiexhibit322q32023.htm Edgar Link pending
Show.js Edgar Link pending
rrbi-20230930_lab.xml Edgar Link unprocessable
rrbi-20230930_pre.xml Edgar Link unprocessable
rrbi-20230930_htm.xml Edgar Link completed