On this page of Benford's Law Stocks.com we present our study of Investar Holding Corp — ticker symbol ISTR. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 8/6/2020 to 5/7/2025 for Investar Holding Corp under CIK number 0001602658. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for ISTR, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Investar Holding Corp based on the past ISTR filings our system processed in the past.
28.4
19.4
11.8
12.5
6.5
7.0
4.8
4.0
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, ISTR stockholder letter ]
Total numbers found: 1,487
Recent share count: 9,820,633 (9's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
1487
High count compared to other filers, with ISTR falling in the highest 10% of filers. At this number count, it would take about 15 numbers to move any given column by a full percentage point.
74

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 6's percentage was above the company's typical historical range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 9, we canceled the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted point upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
ISTR
Normal score compared to other filers, falling within the middle 50%.
HQI
INAB
MNOV
POWI
HSON
INSG
LIPO
OSIS
Check our work! We provide our Investar Holding Corp Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ISTR filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 422 numbers that start with the digit 1. Here they are:
1.00
1.00
1,482
1,031
10
105
1
1
115
1
17,243
1,299
14,297
16,502
15,264
14,423
15,646
17,120
1,910,622
1,913,801
11,302
16,707
16,697
146,598
146,890
138,197
132,935
14,640
14,845
1,449
16,089
18,506
18,345
17,216
1,419
18,635
111
16,238
15,296
1,421
1,380
105
10
11,771
145,456
116,711
108
115
14
182
196
11
162
173
145,739
120,441
146,890
132,935
1,031
1,031
146,598
138,197
1,419
11
15
163
10
1,059
1,514
17,345
1,683
1,000
1,340
112
10,000
15,675
1,417
16,500
1,032
196
173
15,600
128,315
1,699
15,590
15,373
17,428
15,407
190
15,985
15,707
18,363
16,120
133
1,025
1,841
1,025
1,821
133
12,014
1,888
15,407
10
12,769
199,202
12,686
16,120
1,947
103
198,803
134
14.9
13.7
11,614
1,841
1,841
13,455
10,795
156
13,253
1,821
1,821
10,795
15,074
1.9
14.3
16.5
149,275
154,553
103,248
1,585,844
1,587,469
10,022
10,687
1
1.0
149,252
17
149,275
103,248
103,248
117
1,577,063
1,215
1,585,844
131
157
10,022
1,276
154,461
154,553
1,054
1,549
1,576,289
1,102
1,587,469
10,377
158
10,687
1,437
1,973
1,830
1,429
139
139
194
1,762
1,475
123
17,375
18,862
139,163
18,862
149,275
11,130
118,957
1
164
198
11,355
121,122
1,627
11,852
10,015
199
1,342
1,985
1,627
11,852
15,265
199
103,248
1,569
1,276
1,092
1,569
1,276
1,092
198,326
1,633
122
1,301
117
12,674
117,106
139
117,106
1,680
1,742
1,116
146
1,680
1,888
1,123
10,022
12
1
1
155,898
11,472
159,218
12
12
127
1,754
19,946
144,052
1,111
18
1,760
19,946
154,553
149
12,039
170
173
12,270
120
1,639
11,994
199
1,351
1,639
11,994
10,736
199
1,605
1,290
1,508
1,605
1,290
1,508
159,968
134,164
1,662
162
157
1,321
117
15,245
163,031
137,415
120,877
15,842
194
120,883
16,077
18
1,307
10,442
144
12
1,313
10,687
135
168,206
162
171,638
173
144
145
1,362
191.2
175.0
123
12.7
12.5
1,411
127
103
1
1.4
1.4
1,145
1,185
11,759
112
127
1
1,258
1,497
12,018
100
1,258
1,497
11,786
139
149,252
103,248
149,275
103,248
10,022
1,124
10,691
1,580
1,411
103
1,574
1,535
12,271
121
112
183
194
1,462
1,535
12,271
101
113
172,925
105,124
11,584
173,511
105,124
11,697
1
1
1
1
15,073
15,073
17,195
17,195
183.3
183.3
186.9
186.9
15,373
15,373
15,407
11,931
15,073
15,073
15,073
15,073
15,707
15,707
16,120
11,803
17,195
17,195
17,195
17,195
1
1
12
1
15
1
1,735
100
13
18
18
1,841
14,297
14,297
14,297
1,977,244
1,977,244
15,073
15,073
15,073
1,910,622
1,821,769
1,821,769
11,302
11,302
11,302
16,707
14,947
14,947
15,073
15,073
15,073
1,821
16,502
16,502
16,502
1,973,780
1,973,780
17,195
17,195
17,195
1,913,801
1,826,868
1,826,868
15,591
15,577
15,577
16,697
14,738
14,738
17,195
17,195
17,195
1,421
1,380
18.4
1
105
1
We found 288 numbers that start with the digit 2. Here they are:
22,259
21,853
21
21
2.1
26,279
26,623
27,922
2,106,631
2,125,084
26,435
26,721
2,080,196
2,098,363
2,517
2,593
22,236
24,759
2,729,902
2,722,812
2,347,357
2,345,944
2,478,165
2,481,516
251,737
241,296
2,729,902
2,722,812
2,679
2,817
238
21,941
2,011
2,748
23,952
21,383
215
226,768
227,005
241,296
251,737
25
233
215
2,716
2,315
20,821
215
20
2,926
27,922
20
2,619
254
2,021
29
2,105
28,534
264,509
222,098
2,243
29,772
2,513
27,267
256,272
208,768
227
2,047
206
2,069
248
250
254
2,021
2,148
23,045
2,095
25,193
2,105
211,971
279,783
20
2,144
2,243
24,326
2,508
26,273
2,513
204,235
25,544
282,120
277
2,387
206
206
277
296
209
2,458
248
248
209
27,220
26,738
2,477
2,387
29,903
27,572
2,740
2,792
285,386
2.4
2.5
2.6
2,106,631
2,125,084
2,132
210
2,255
2,097,467
2,415
2,106,631
2,779
270
265
2
2,112,995
2,125,084
2
23
23
2,962
2,247
20
214
24
24
2,336
2,459
252
230
211
216
2,694
23
22,217
2,693
2,164
2,693
23
23
22,999
22,999
2,284
2,284
22,883
286,559
276,039
247
2,601
22,883
287,860
204,028
284,659
24,467
29,743
21,208
21,427
258,757
24,467
29,743
21,208
21,566
259,491
23
243
26
202,025
2,066,064
247
2,365
29,095
207,253
2,106,631
24
24
26,585
2,176
2,194
2
2,079
248
2,000
293,519
202,461
251
2,232
2,901
294,840
208,109
24,351
272,853
23
24
235
24,375
273,465
2,602
200
245
2,746
212
2
25
203,225
227,548
231,739
2,084,599
2,399
209,518
232,744
241,335
2,125,084
2,973
26,721
26,435
29,114
26,721
2,062
23
26
209
26,435
257
232
25,939
23
2,962
2,247
214
2,101,046
2,106,631
2,471
2
203
29
29,114
20
28,605
2,174,929
2,180,578
28,534
28,039
222,098
222,098
2,517
2,517
2,517
27,267
26,773
208,768
208,768
2,593
2,593
2,593
27
2
2,174
2.0
2.4
2
2
2,517
2,517
2,517
2,080,196
27,922
27,922
27,922
2,593
2,593
2,593
2,098,363
22.7
2.1
2.0
2.1
2,351
We found 176 numbers that start with the digit 3. Here they are:
392,564
3
3.4
345,728
331,121
34,041
34,551
30,552
32,135
34,434
35,722
3,661
3,596
3
390
395
388
3,674
3,473
3,810
3,810
38
371
3,810
3,810
32
30
30
35
3,596
3
388
3,674
30,012
35,895
33,889
32,009
329
37
30,610
346
345,728
325
39
392,564
331,121
367
365
3,642
3,393
32,232
301
312,015
305
325
3,434
361
307,664
367
365
337,038
37,051
37,541
345,728
394,735
396,815
387,023
394,735
3
31
387,782
396,815
3,803
3,823
3,811
32,720
3,453
3,595
37,235
3,618
38,138
390,493
313
38,336
394,735
3,845
3,908
3,908
3,845
381
381
36,690
37,184
3,219
3,219
307,424
338,157
3,259
314,561
339,321
36,560
3,583
374
31,427
38,426
391,393
352
38,778
396,815
3,400
3,940
3,940
3,178
3,986
3,094
38,599
38,599
316,694
354,037
3,371
32,721
324,034
354,939
39.0
38.2
30,540
3,695
3,536
3.6
3.7
312
3,055
34
3,695
3,314
3,536
391,773
394,735
30,540
3,206
37
36
31
388
37,954
39,627
3,810
3,810
366,650
373,845
3.9
3.8
3,476
363,318
356,830
3,971
350,909
343,505
3,476
3,476
31
3
345,728
345,728
341,757
3,971
331,121
331,121
326,310
3
377,821
377,301
3.2
341
337
350
4's 5's 6's
We found 186 numbers that start with the digit 4. Here they are:
400,211
42,720
42,144
40,000,000
40,000,000
43,522
42,268
42,687
40,350
40,705
41,558
41,696
436,735
432,143
42,879
48,357
427
448
457
41
419
4,707
48
48
4,707
45,147
409
4,707
4,707
48,957
48,357
442
472
420
450
42,879
4,707
427
450
409
448
46
416
4,478
417
40
40
47,867
4,553
43,522
41,845
42
4,707
48
4,707
48
4,122
42,501
400,211
47
47,543
40,221
40,879
42,268
42,720
40,618
40,323
42,687
42,144
4
42,427
42,501
41,880
49,915
4,012
47,440
47,543
42,293
4,228
4,279
404
400,211
42,268
42,720
496
458
48
4,334
4,757
417
4,168
4,291
482
4,515
4,842
4,185
4,180
46,818
47,461
45
45
48,208
4,156
4,069
4,464
494
43
433,195
4,981
4,772
430
449,482
43
4,524
4,842
41,458
4,320
42
47,070
47,719
4,751
45,894
418
418
482
45,917
4,043
4,043
4,099
418
4,941
484
42.9
43.6
43,647
46,000
42,896
43,647
4
496
411
4,095
467
410,385
414,480
43,432
43,437
4,926
4,926
48,357
42,879
45,147
48,957
495
4,317
494
4,811
4,317
494
495
463
4,474
469
495
4,317
494
43,522
43,522
43,522
42,268
42,720
40,879
436,735
436,735
436,735
4,811
42,687
42,144
40,323
432,143
432,143
432,143
42,000
459
459
405
We found 97 numbers that start with the digit 5. Here they are:
5,000,000
5,000,000
5,218
59,703
532
532
581
591
5,478
5,478
540
572
5,478
5,478
54
53
5,411
50
54,829
573
5,887
54,528
54,829
5,505
5
5,432
51,519
573
510,765
526,928
5,084
5,311
510,631
510,765
5,473
5,200
5,744
526,329
526,928
5,895
5,232
5,585
5,667
5
54,953
54,953
52,661
52,974
50,809
509,398
510,765
587
557
587
557
565,547
572,978
53,448
53,448
53,300
51,424
5,359
54,052
51,597
51,071
54,249
526,028
526,928
583,150
5,668
5,034
5,497
590,876
5,603
5,002
5,002
5,585
510,626
510,765
52
5
5,928
509
5,745
586
5,649
518,502
518,969
5,478
5,521
5,521
5,478
5,250
59,885
59,885
59,620
59,620
We found 104 numbers that start with the digit 6. Here they are:
6
6,169
60,151
60,000
67,215
671
648
641
6,087
6,293
64
63
6,293
614
649
6,293
6,293
6,293
681
69
649
6,293
64
6,293
63
64,316
63,259
61,670
613
61,309
61,670
688
623
688
613
6,050
6,032
67.4
68.1
6,718
6,977
6
6,718
6,718
61
6
6,977
6,977
64
65
6,130
61
62
638
643
6,718
6,718
6,029
6,036
6,146
633
6
6
6
6
63,818
61
63,818
6
6
6
61
63
6,796
649
633
6,977
633
6,977
648
6
645
6
645
6
61
625
6
620
6,933
6,552
6,295
6,718
6,718
6,920
66
64,316
64,316
63,259
63,259
6
6
60,000
60,000
7's 8's 9's
We found 71 numbers that start with the digit 7. Here they are:
795
76
721
7,714
7
721
70
76
7,830
783
7,215
787
72,074
7,948
72,172
70
70
74
7,868
7,948
719
732
732
71,617
703
72,320
71
71
75,114
75,483
734
734
78
7
734
7,431
737
77
72
72,848
70,854
752
73,779
72,935
7,538
78,636
7,538
72
72
77,895
7,993
78,794
7,612
7,612
7
7,764
7,726
74
78
7
791
7
7,676
7,482
7,539
7,539
76
749
79
7,504
7,658
We found 59 numbers that start with the digit 8. Here they are:
8,376
8,758
8,733
810
80
812
897
897
812
8
80
840
8,440
85
8
8,035
80
8,912
84,576
86
84,576
84,576
87
8,126
8,824
8,205
8,205
878
8,065
8,222
86
84,576
892
892
8,110
812
830
824
821
83
824
87
8
820
874
88
8
88
8
8
8
88
8,758
8,758
8,758
8,733
8,733
8,733
8.4
We found 84 numbers that start with the digit 9. Here they are:
9,821,446
9,821,446
9,828,413
9,828,413
9,844,848
9,821
9,828
9,603
9,248
937
9,748
977
977
9,782
9,828
9,821
9,752
9,134
936
975
9,836
951
9,832,625
9,769,626
9,832,625
9,769,626
97,347
9,960,940
9,866,973
90
9,046
9,529
9,517
99
9,226
9,046
9,227
90
9,227
931,868
944,548
9
930,822
931,868
9,773
942,493
944,548
989
9,380
95,297
95,935
97,355
913,158
931,868
9,779
90
968
9,390
92,502
902
931
93,404
977
977
927,071
944,548
904
9,000
964
93
929,621
9,808
931,868
9,129
906
9
9
9
948,870
949,258
917
900
9
9
While the above ISTR 10Q Filed 5/7/2025 is interesting in isolation, we have found that it is also useful to take a look at older Investar Holding Corp filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/7/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical ISTR 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

28.4
19.4
11.8
12.5
6.5
7.0
4.8
4.0
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 1,487

= Typical ISTR range from 8/6/2020 to 5/7/2025
28.9
19.7
11.3
12.7
6.0
5.1
4.9
5.1
6.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 1,886

= Typical ISTR range from 8/6/2020 to 5/7/2025
29.2
20.3
11.0
10.7
8.0
5.7
5.0
4.2
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,812

= Typical ISTR range from 8/6/2020 to 5/7/2025
30.4
20.8
12.2
8.9
7.8
5.8
4.1
4.9
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 2,347

= Typical ISTR range from 8/6/2020 to 5/7/2025
30.8
18.2
12.5
9.4
8.7
5.8
5.0
4.6
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,321

= Typical ISTR range from 8/6/2020 to 5/7/2025
31.0
21.0
11.5
10.5
7.4
5.3
4.2
5.4
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,683

= Typical ISTR range from 8/6/2020 to 5/7/2025
32.4
17.7
12.2
10.2
8.7
5.2
5.5
3.7
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,718

= Typical ISTR range from 8/6/2020 to 5/7/2025
28.5
20.5
12.9
11.0
6.7
5.6
5.2
4.6
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 2,341

= Typical ISTR range from 8/6/2020 to 5/7/2025
28.3
18.0
12.2
14.5
7.5
4.2
5.4
4.0
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 64
XBRL?   [ original filing ]
Total numbers found: 1,513

= Typical ISTR range from 8/6/2020 to 5/7/2025
29.3
18.0
11.6
11.2
6.8
6.0
4.9
5.1
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 1,829

= Typical ISTR range from 8/6/2020 to 5/7/2025
29.6
20.8
12.7
8.1
8.4
5.5
5.0
4.5
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,698

= Typical ISTR range from 8/6/2020 to 5/7/2025
31.6
21.2
12.5
8.1
7.3
5.3
5.0
5.1
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 2,315

= Typical ISTR range from 8/6/2020 to 5/7/2025
32.0
17.5
12.7
8.9
8.0
7.4
4.9
4.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,295

= Typical ISTR range from 8/6/2020 to 5/7/2025
31.0
18.1
12.2
11.9
6.9
5.6
6.3
3.7
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,717

= Typical ISTR range from 8/6/2020 to 5/7/2025
30.9
20.8
11.5
10.9
6.9
4.2
5.2
3.7
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,893

= Typical ISTR range from 8/6/2020 to 5/7/2025
29.7
20.6
12.3
10.0
7.5
5.1
4.8
4.7
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 2,398

= Typical ISTR range from 8/6/2020 to 5/7/2025
29.8
17.9
12.7
12.1
7.4
4.6
4.4
5.2
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,466

= Typical ISTR range from 8/6/2020 to 5/7/2025
29.1
19.3
12.6
9.0
8.6
5.7
4.7
5.5
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,688

= Typical ISTR range from 8/6/2020 to 5/7/2025
30.9
21.0
12.3
8.9
7.3
5.3
4.4
5.8
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,725

= Typical ISTR range from 8/6/2020 to 5/7/2025
32.7
20.0
12.2
7.9
7.3
5.1
5.8
4.6
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 2,253

= Typical ISTR range from 8/6/2020 to 5/7/2025
 

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