Note 27 - Financial Statements - Parent Company Only -

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 27 – Financial Statements – Parent Company Only –

The balance sheets and statements of income for Business First Bancshares, Inc. (Parent Company) are as follows:

BALANCE SHEETS

AS OF DECEMBER 31, 2021 AND 2020

(Dollars in thousands)

	2021			2020
Assets:
Cash	$	1,322		$	13,160
Investment in Subsidiaries		509,835			432,331
Fintech Funds		1,364			-
Other Assets		7,467			5,747
Total Assets	$	519,988		$	451,238
Liabilities:
Accrued Interest Payable	$	-		$	81
Short Term Borrowings		20			5,020
Long Term Borrowings		-			6,000
Subordinated Debt		81,427			25,000
Subordinated Debt - Trust Preferred Securities		5,155			5,155
Other Liabilities		18			19
Total Liabilities		86,620			41,275
Shareholders' Equity:
Common Stock		20,400			20,621
Additional Paid-in Capital		292,271			299,540
Retained Earnings		121,874			79,174
Accumulated Other Comprehensive Income		(1,177	)		10,628
Total Shareholders' Equity		433,368			409,963
Total Liabilities and Shareholders' Equity	$	519,988		$	451,238

STATEMENTS OF INCOME

FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019

(Dollars in thousands)

	2021			2020			2019
Income:
Dividend Income From Subsidiaries	$	13,000		$	24,295		$	-
Interest Income		5			5			45
Expenses:
Interest Expense		3,793			2,135			1,688
Other Operating Expenses		4,374			5,943			2,138
Income (Loss) before Income Taxes and Equity in Undistributed
Net Income of Subsidiaries		4,838			16,222			(3,781	)
Income Tax Benefit		(1,916	)		(1,905	)		(783	)
Income (Loss) before Equity in Undistributed Net Income of Subsidiaries		6,754			18,127			(2,998	)
Equity in Undistributed Net Income of Subsidiaries		45,382			11,867			26,770
Net Income	$	52,136		$	29,994		$	23,772