Investor Presentaiton
¹Adjustment to noninterest income recorded upon completion of the sale of the Alice and Victoria branches for remaining discount on loans sold.
2Income from insurance proceeds represents nontaxable income related to an insurance policy for the former Chief Financial Officer of Investar and the Bank.
3 Change in net asset value of other investments represents unrealized gains or losses or Investar's investments in Small Business Investment Companies and other
investment funds and is included in other operating income in the accompanying consolidated statements of income.
4 Severance in the fourth quarter of 2022 represents a comprehensive severance package for the former Chief Financial Officer of Investar and the Bank.
5ERC represents a broad based refundable payroll tax credit that incentivized businesses to retain employees on the payroll during the COVID-19 pandemic.
6Adjustments to noninterest expenses directly attributable to the sale of the Alice and Victoria, Texas branch locations, consisting of $0.4 million of occupancy expense to
terminate the remaining contractually obligated lease payments, $0.1 million of salaries and employee benefits for severance, $0.1 million of professional fees for legal and
consulting services, and $0.1 million of depreciation and amortization to accelerate the amortization of the remaining core deposit intangible.
INVESTAR
HOLDING CORPORATION
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