Baton Rouge business bank opens loan offices in North Louisiana, New Orleans could be next | Business

The parent company of Baton Rouge-based b1Bank generated $17.4 million in net income during second quarter this year, up from $2 million one year ago and compared to $12.3 million during first quarter.  

That’s 84 cents per share, compared to 11 cents per share a year ago. 

Business First Bancshares Inc. saw growth from businesses in the Dallas area as it now represents 18% of the bank’s credit exposure. 

It already sold most of its $243.6 million U.S. Small Business Administration paycheck protection program forgivable loan portfolio but still has $25.7 million on the books.

Total assets hit $4.3 billion while total loans were $2.8 billion excluding the paycheck protection loan program.

“Business demand was strong, resulting in record loan growth,” said Jude Melville, CEO of Business First Bancshares in a news release. 

The bank’s provision for loan losses, or potential for default, was $2.2 million compared to $3.4…

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