Investar Holding (ISTR) 8-K/A Financial Statements and Exhibits

Exhibit 99.3

CHEAHA FINANCIAL GROUP, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEET

(Amounts in thousands)

(Unaudited)

	March 31, 2021
ASSETS
Cash and due from banks	$	48,977
Interest-bearing deposits with other banks		202
Cash and cash equivalents		49,179
Available for sale securities at fair value		60,378
Held to maturity securities at amortized cost		15
Loans, net of allowance for loan losses		120,028
Mortgage loans held for sale		331
Bank premises and equipment, net of accumulated depreciation		3,875
Other equity securities		211
Accrued interest receivable		837
Deferred tax asset		192
Bank owned life insurance		3,023
Other assets		12
Total assets	$	238,081
LIABILITIES
Deposits:
Noninterest-bearing	$	103,988
Interest-bearing		101,921
Total deposits		205,909
Junior subordinated debt		3,093
Accrued taxes and other liabilities		1,542
Total liabilities		210,544
STOCKHOLDERS’ EQUITY
Preferred stock		—
Common stock		5
Surplus		4,544
Retained earnings		21,951
Accumulated other comprehensive income		1,037
Total stockholders’ equity		27,537
Total liabilities and stockholders’ equity	$	238,081

CHEAHA FINANCIAL GROUP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF INCOME

(Amounts in thousands, except share data)

(Unaudited)

	Three months ended March 31, 2021
INTEREST INCOME
Interest and fees on loans	$	2,254
Interest on investment securities		326
Other interest income		6
Total interest income		2,586
INTEREST EXPENSE
Interest on deposits		285
Interest on borrowings		13
Total interest expense		298
Net interest income		2,288
Provision for loan losses		—
Net interest income after provision for loan losses		2,288
NONINTEREST INCOME
Service charges on deposit accounts		179
Change in the fair value of equity securities		254
Other operating income		92
Total noninterest income		525
Income before noninterest expense		2,813
NONINTEREST EXPENSE
Salaries and employee benefits		897
Occupancy		301
Data processing		150
Marketing		26
Professional fees		459
Other operating expenses		643
Total noninterest expense		2,476
Income before income tax expense		337
Income tax expense		143
Net income	$	194
Earnings per share:
Basic earnings per share	$	0.38
Diluted earnings per share		0.38
Average common shares outstanding
Basic		513,332
Diluted		513,332